Search found 3946 matches

by House Blend
Wed May 24, 2017 10:11 am
Forum: Investing - Help with Personal Investments
Topic: Is Schwab Intelligent Portfolio OK for taxable accounts???
Replies: 26
Views: 1489

Re: Is Schwab Intelligent Portfolio OK for taxable accounts???

Is there a Index TDR Fund with only Munis / Tax efficient ? Does Vanguard has a Tax Efficient 1 Fund with Auto Glide and TLH ? FWIW, tax exempt bonds held inside a mutual fund lose their Federal tax exemption unless those bonds represent at least 50% of the assets. (And that's why VG Tax Managed Ba...
by House Blend
Wed May 24, 2017 9:54 am
Forum: Investing - Help with Personal Investments
Topic: IRA to 401K rollover + Backdoor IRA in same year
Replies: 8
Views: 348

Re: IRA to 401K rollover + Backdoor IRA in same year

Yes (not me personally, but...) there are many threads about doing exactly this. The key is that you want the IRA to 401(k) rollover to be complete before the end of the current tax year. See TFB's guide: https://thefinancebuff.com/the-backdoor-roth-ira-a-complete-how-to.html TFB explicitly recommen...
by House Blend
Tue May 23, 2017 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Use Voided Check or Deposit Slip?
Replies: 15
Views: 869

Re: Use Voided Check or Deposit Slip?

Dunno, but it could be that the checks are machine readable and the deposit slips are not. It might not matter for a small business, but if you are Acme Megabank, and in the habit of extracting routing numbers from lots of paper documents, it might make a difference. See https://en.wikipedia.org/wik...
by House Blend
Tue May 23, 2017 12:27 pm
Forum: Investing - Help with Personal Investments
Topic: My dad is taking Social Security at 62, why would anyone not? (If they already quit working)
Replies: 103
Views: 11462

Re: My dad is taking Social Security at 62, why would anyone not? (If they already quit working)

... if you use tax-deferred assets as the source, ... ignoring taxes ... overstates the value of delaying SS. There may be instances where what you say is correct, House Blend, but here is a case where the opposite is true: ignoring taxes understates the return. ⋅ Single individual can ge...
by House Blend
Mon May 22, 2017 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: Net worth is overrated
Replies: 76
Views: 8287

Re: Net worth is overrated

Tycoon wrote:
mlebuf wrote:
House Blend wrote:+1. I have no use for net worth.


If anyone has no use for their net worth, I'll be happy to receive it. :sharebeer


That makes two of us.

Did I forget to mention that my net worth is negative? ;-)
by House Blend
Mon May 22, 2017 5:26 pm
Forum: Investing - Help with Personal Investments
Topic: My dad is taking Social Security at 62, why would anyone not? (If they already quit working)
Replies: 103
Views: 11462

Re: My dad is taking Social Security at 62, why would anyone not? (If they already quit working)

To #cruncher and Peter Foley, Looking for common ground, I think the interesting question to explore (and it is implicit in Peter Foley's post) is whether ignoring tax costs understates the value of delaying SS benefits. For example, suppose you are FRA, and your benefit would be $2000/mo if you cla...
by House Blend
Mon May 22, 2017 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Net worth is overrated
Replies: 76
Views: 8287

Re: Net worth is overrated

The Net Worth hides too much behind one number. +1. I have no use for net worth. But I do see the need to keep track of some of the components that figure into net worth, such as loan balances and recurring expenses on the liability side, and investment portfolio and income on the asset side. You c...
by House Blend
Sun May 21, 2017 4:11 pm
Forum: Investing - Help with Personal Investments
Topic: Automatic Reinvestment: To "check" or not to "check" (the box) . . that is the question?
Replies: 52
Views: 4550

Re: Automatic Reinvestment: To "check" or not to "check" (the box) . . that is the question?

OK, let's make it specific. Suppose retire57 is in the 25% Federal bracket, 5% state, no SS (early retirement). Never realizes short term cap gains, but needs $600/mo from the taxable portfolio. No carryover losses. Would you still argue that auto-reinvesting "doesn't matter much", or do ...
by House Blend
Sun May 21, 2017 12:27 pm
Forum: Investing - Help with Personal Investments
Topic: Automatic Reinvestment: To "check" or not to "check" (the box) . . that is the question?
Replies: 52
Views: 4550

Re: Automatic Reinvestment: To "check" or not to "check" (the box) . . that is the question?

This thread has me wondering ... We sell $600/month from a taxable mutual fund to supplement our pensions and my very part-time work. Coincidentally, dividends from our taxable mutual fund acounts add up to to about 8K/yr. Should we be supplementing from dividends versus selling shares? It doesn't ...
by House Blend
Sun May 21, 2017 12:17 pm
Forum: Investing - Theory, News & General
Topic: What % of your income have you converted to wealth?
Replies: 133
Views: 15884

Re: How many Bogleheads have investment assets that exceed their cumulative lifetime earned income?

How many Bogleheads have investment assets that exceed their cumulative lifetime earned income? Easy way to make that happen is to inherit at a young age. A quick and dirty way to estimate lifetime earnings is to take the lifetime medicare taxes paid (found on your annual SS statement) and divide b...
by House Blend
Sun May 21, 2017 9:24 am
Forum: Investing - Theory, News & General
Topic: yahoo finance - adjusted price data incorrect?
Replies: 40
Views: 2345

Re: yahoo finance - adjusted price data incorrect?

I've been kicking the tires in the historical data provided by Google Finance. It's easily accessible, but I notice that it has gaps:

For VTSAX it is currently missing the closing price for last Monday (5/15), and for VLCAX is it missing both Monday and Thursday. :oops:
by House Blend
Sun May 21, 2017 8:35 am
Forum: Investing - Help with Personal Investments
Topic: My dad is taking Social Security at 62, why would anyone not? (If they already quit working)
Replies: 103
Views: 11462

Re: My dad is taking Social Security at 62, why would anyone not? (If they already quit working)

The OP is also ignoring the taxation of SS benefits. Such taxation can be at a very high marginal tax rate for a single person. For any given total of ordinary and SS income, you'd rather have more of it be SS income. You'll net more after tax that way. Although we don't normally think of SS income...
by House Blend
Sun May 21, 2017 8:01 am
Forum: Investing - Help with Personal Investments
Topic: Automatic Reinvestment: To "check" or not to "check" (the box) . . that is the question?
Replies: 52
Views: 4550

Re: Automatic Reinvestment: To "check" or not to "check" (the box) . . that is the question?

This thread has me wondering ... We sell $600/month from a taxable mutual fund to supplement our pensions and my very part-time work. Coincidentally, dividends from our taxable mutual fund acounts add up to to about 8K/yr. Should we be supplementing from dividends versus selling shares? It doesn't ...
by House Blend
Sun May 21, 2017 7:42 am
Forum: Investing - Help with Personal Investments
Topic: IRS asking me to pay the tax on full Traditional to Roth Conversion : 1099-R
Replies: 20
Views: 1653

Re: IRS asking me to pay the tax on full Traditional to Roth Conversion : 1099-R

I don't use tax software, but can see that an easy way to mess up a backdoor Roth is to do it after filing your taxes, so that your tax software has no chance to lead you down the right path. Ex: file your 2015 taxes in Feb 2016, and then do a 2015 traditional IRA contribution in Mar 2016, and conve...
by House Blend
Fri May 19, 2017 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: Carryover Losses and Tax Gain Harvesting
Replies: 4
Views: 407

Re: Carryover Losses and Tax Gain Harvesting

They are aware of the stepped-up basis that will result upon their deaths under current tax law. One pro that I see to tax gain harvesting is to mitigate the possibility that either the stepped-up basis or carryover rules might be changed or eliminated in the future. That looks like pretty weak tea...
by House Blend
Fri May 19, 2017 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Re-characterization of Roth contribution "opportunity" issue
Replies: 21
Views: 1316

Re: Re-characterization of Roth contribution "opportunity" issue

+1 to what Chip said. I'm going to guess that maybe you are normally in the 25% bracket. (Much higher, and you would be using a backdoor Roth and wouldn't have large amounts in a trad IRA in the first place.) In that case Roth conversions that keep you in the 28% bracket or lower probably aren't a h...
by House Blend
Fri May 19, 2017 10:09 am
Forum: Investing - Help with Personal Investments
Topic: "Wash Sale" Questions
Replies: 14
Views: 564

Re: "Wash Sale" Questions

Scenario 3: definitely a wash. There is no concept of "different money". Scenario 2: that's up to you and your tax preparer to decide. However, I think no one other than Michael Kitces would argue that VTSAX and SWTSX are substantially identical. Hypothetical Assets: (Both held in taxable ...
by House Blend
Fri May 19, 2017 9:35 am
Forum: Investing - Theory, News & General
Topic: Request for review of a proposed Wiki article on SIPC protection of mutual funds
Replies: 10
Views: 645

Re: Request for review of a proposed Wiki article on SIPC protection of mutual funds

The wiki page already has a link to the SIPC website. Might want to add this more specific link: http://www.sipc.org/news-and-media/brochures I thought that the "How SIPC Protects You" brochure was quite helpful, even though it has nothing specific to say about unbrokeraged mutual fund hol...
by House Blend
Wed May 17, 2017 5:27 pm
Forum: Investing - Theory, News & General
Topic: yahoo finance - adjusted price data incorrect?
Replies: 40
Views: 2345

Re: yahoo finance - adjusted price data incorrect?

However, if you use the download button to grab a CSV file the issue goes away. You get the adjusted prices. Thanks. I had given up on using Yahoo since it didn't appear that they were providing the adjusted price. I'll download instead. Yahoo still gives an "adjusted price" but it is no ...
by House Blend
Wed May 17, 2017 4:58 pm
Forum: Investing - Help with Personal Investments
Topic: 403b/457, IRA's, and taxes--help!
Replies: 5
Views: 402

Re: 403b/457, IRA's, and taxes--help!

1) Would you suggest pre-tax or Roth contributions to our IRA’s and my 457 plan given our situation? I would like to minimize the LT capital gains tax associated with selling the funds in the taxable account, but at the same time, I don’t want to sacrifice potentially contributing as much as possib...
by House Blend
Tue May 16, 2017 9:25 am
Forum: Investing - Theory, News & General
Topic: Tilting vs simplicity -- and where to tilt?
Replies: 12
Views: 1090

Re: Tilting vs simplicity -- and where to tilt?

No one seems willing to acknowledge that TIAA Real Estate is not an REIT. Perhaps you can make an argument that in the long run it will return what REITs return, but given that it has significantly less leverage, that seems dubious at best. Also the short term volatility of the TIAA fund is essentia...
by House Blend
Tue May 16, 2017 8:59 am
Forum: Investing - Theory, News & General
Topic: yahoo finance - adjusted price data incorrect?
Replies: 40
Views: 2345

Re: yahoo finance - adjusted price data incorrect?

i was pulling price history data from finance.yahoo.com, and i noticed that the "adjusted close price" is the same as the "close price" even before/after dividend payments. Is there a bug in the site? I've noticed this issue. At least for mutual fund data, the "adjusted&quo...
by House Blend
Mon May 15, 2017 5:32 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 2683
Views: 732961

Re: What Movie Have You Recently Watched?

Recommend Manchester by the Sea, great, although not a happy movie. I watched it this weekend. I think that the movie was over-hyped and given too many accolades----it isn't difficult to act "sad," and there was no real point to the movie that I could discern. Glad that I didn't pay any m...
by House Blend
Fri May 12, 2017 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Should I convert to roth ira?
Replies: 13
Views: 1161

Re: Should I convert to roth ira?

Another option is to roll the trad IRA into your 401(k) plan (if your plan allows it, and your trad IRA has only pre-tax money). This will pave the way for the backdoor Roth, should your income exceed the levels for direct Roth contributions at some point. wiki article on the backdoor Roth: https://...
by House Blend
Fri May 12, 2017 10:04 am
Forum: Investing - Help with Personal Investments
Topic: 403b automatic rebalance feature on Security Benefit Direct Invest
Replies: 2
Views: 198

Re: 403b automatic rebalance feature on Security Benefit Direct Invest

I don't think there is a "best", but monthly means it will more closely resemble how the Balanced Index in your Roth operates. So maybe hedge your bets and try annual in the 403(b).
by House Blend
Thu May 11, 2017 5:07 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds and RE in Tax Advantaged Accounts - Does it Matter What is Held Where?
Replies: 18
Views: 1329

Re: Bonds and RE in Tax Advantaged Accounts - Does it Matter What is Held Where?

That said, after controlling for costs (ER) and tax-adjusted risk, the fact that tax-deferred accounts have RMDs and Roth IRAs don't (during your lifetime) can justify the preference for placing more of RiskyAsset in a Roth. For example, I'm still scratching my head over this one. At first blush, t...
by House Blend
Thu May 11, 2017 1:48 pm
Forum: Personal Consumer Issues
Topic: What newspaper or magazine do you pay for?
Replies: 107
Views: 4199

Re: What newspaper or magazine do you pay for?

I'm reminded of the huge volume of stuff my parents (mostly Dad) subscribed to during my childhood. Might not have been all at once, but I remember LA Times Newsweek Life National Geographic Scientific American American Scientist Popular Mechanics American Scholar Sunset New West (later, Atlantic) U...
by House Blend
Thu May 11, 2017 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds and RE in Tax Advantaged Accounts - Does it Matter What is Held Where?
Replies: 18
Views: 1329

Re: Bonds and RE in Tax Advantaged Accounts - Does it Matter What is Held Where?

+2 to Grabiner and Kevin M. For better or worse, many folks ignore the fact that Roth dollars are worth more than tax-deferred dollars when deciding where to place their 5% slice of RiskyAsset. If you treat those dollars as equivalent, then putting RiskyAsset into your Roth looks like a free lunch. ...
by House Blend
Thu May 11, 2017 11:44 am
Forum: Investing - Help with Personal Investments
Topic: What do I do with 2018 Roth IRA money today?
Replies: 13
Views: 1365

Re: What do I do with 2018 Roth IRA money today?

Especially if accumulating $4K cash available to invest every 5 months is the new normal for you, it is time to enter the brave new world of taxable investing. Don't sell in taxable (except to TLH), just do your 2018 Roth contribution with the cash you accumulate in 2018.
by House Blend
Wed May 10, 2017 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Long Term [Care] Rates just went Through the roof!
Replies: 34
Views: 4667

Re: Long Term [Care] Rates just went Through the roof!

jeffyscott wrote:Besides, in 20 years you'll probably be able to buy or rent a robot that will take care of you in your own home for even less than the cost of assisted living.

You might enjoy the black humor of Robot & Frank (2012):
http://www.imdb.com/title/tt1990314/?ref_=nv_sr_1
by House Blend
Wed May 10, 2017 10:41 am
Forum: Investing - Help with Personal Investments
Topic: Help with Retirement planning, reducing taxes
Replies: 10
Views: 1337

Re: Help with Retirement planning, reducing taxes

In addition, if you invest in equities in your 401K plan you are effectively taking assets that should be taxed as long term capital gains and paying ordinary income tax rates on it. So the potential step down in tax bracket at retirement pretty much put you back to where you would be if you had ju...
by House Blend
Wed May 10, 2017 10:08 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review/Advice - "Windfall" Funds
Replies: 4
Views: 541

Re: Portfolio Review/Advice - "Windfall" Funds

I notice that you have expressed interest in TLH, and yet have the same funds (different share classes) in IRA and taxable. That can make for suboptimal tax results when you TLH, and in any case, creates more variables to keep track of on those occasions. It looks like you will have $1075K Total, an...
by House Blend
Wed May 10, 2017 9:22 am
Forum: Investing - Theory, News & General
Topic: Dividend Fund Slice or Stick To Total Stock Market
Replies: 10
Views: 1111

Re: Dividend Fund Slice or Stick To Total Stock Market

Great points here, but it still seems to me that relying on an investor to select which shares of which fund to sell at what point in time, actually creates too much opportunity for human/behavioral error. My only reason for even thinking about all of this is to generate a decent enough revenue str...
by House Blend
Tue May 09, 2017 1:46 pm
Forum: Investing - Theory, News & General
Topic: Gundlach shorts S&P 500, says passive investing is a 'myth'
Replies: 51
Views: 5922

Re: Gundlach shorts S&P 500, says passive investing is a 'myth'

oldcomputerguy wrote:Nobody knows nuthin'.

Those who are loudest know the least.
by House Blend
Tue May 09, 2017 1:37 pm
Forum: Personal Consumer Issues
Topic: What newspaper or magazine do you pay for?
Replies: 107
Views: 4199

Re: What newspaper or magazine do you pay for?

I routinely read more than the NYT allotment, and do not subscribe. It's all about cookie management. I pay for dead tree subscriptions to: 1. The Atlantic. 2. The local fish wrap. Item 2 has really become pathetic: down to 2 days a week, consisting mostly of regurgitation of local police reports, p...
by House Blend
Mon May 08, 2017 6:44 pm
Forum: Investing - Help with Personal Investments
Topic: Does it make sense for a young adult to liquidate an Inherited IRA sooner than later?
Replies: 20
Views: 1219

Re: Does it make sense for a young adult to liquidate an Inherited IRA sooner than later?

Question: Does it make sense to take more out (i.e. $15,000 or $20,000) of the Inherited IRA than RMD amount for the next couple of years, fund a Roth IRA for $5,500, and invested the remainder in a taxable account. My thinking is that my son will never be in a lower tax bracket than he is right no...
by House Blend
Mon May 08, 2017 3:24 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable instead of Maxing 401(k)
Replies: 26
Views: 2030

Re: Taxable instead of Maxing 401(k)

This article also kind of got me thinking from hedge fund manager James Altucher -> http://www.jamesaltucher.com/2015/08/401k-scam/ Thoughts? Do any Bogleheads NOT max 401(k) and instead invest in taxable? The article looks like a typical blogger rant, aimed to attract eyeballs. Leaving aside the c...
by House Blend
Mon May 08, 2017 1:43 pm
Forum: Investing - Help with Personal Investments
Topic: Brokerage firms don't keep track of past IRA contributions??
Replies: 10
Views: 1014

Re: Brokerage firms don't keep track of past IRA contributions??

Why? Dunno. Custodians are required to report all Roth contributions annually on Form 5498. They aren't required to keep running totals for you, so I wouldn't be surprised if all/most/some don't. As an example, I know Vanguard shows Roth contributions on annual account statements, and you can also g...
by House Blend
Fri May 05, 2017 11:08 am
Forum: Investing - Help with Personal Investments
Topic: TIAA Real Estate vs CREF Equity Index
Replies: 61
Views: 3116

Re: TIAA Real Estate vs CREF Equity Index

^Right. Another knob they fiddle with at times is to invest in REITs. Currently at 4.5% per the fact sheet. If I recall the propectus correctly, they intend to limit REIT investment to 10%. I presume they use this as a pressure relief valve, when new contributions are pouring in and they haven't fou...
by House Blend
Thu May 04, 2017 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: Cref Stock vs Cref Equity Index
Replies: 8
Views: 372

Re: Cref Stock vs Cref Equity Index

They're different in a couple of ways: 1. CREF Stock is actively managed; CREF Equity Index is an index fund. 2. CREF Stock is about 70% US, 30% International; CREF Equity Index tracks the Russell 3000 (a Total US Market Index). Best use case for CREF Stock is if you can live with the active managem...
by House Blend
Wed May 03, 2017 10:12 am
Forum: Investing - Help with Personal Investments
Topic: My dad needs my help.
Replies: 50
Views: 4678

Re: My dad needs my help.

1. Leaving the money with the financial advisor group - they charge 1% fees and are pushing some annuities pretty hard. 2. Financial advisory services with Vanguard (appointment set for Monday so will see what they offer) 3. One of the robo-services (Betterment, Wealthfront, etc.) 4. Finding a fidu...
by House Blend
Wed May 03, 2017 8:08 am
Forum: Investing - Theory, News & General
Topic: Who Contributes to IRA's?
Replies: 8
Views: 1135

Re: Who Contributes to IRA's?

No need to read the entire article. Here's their answer: The third section, using latent class analysis, shows that IRA contributors fall into three distinct groups: 1) higher-income individuals in two-earner couples who often currently contribute to a 401(k); 2) individuals in middle-income, one-ea...
by House Blend
Tue May 02, 2017 1:13 pm
Forum: Investing - Theory, News & General
Topic: What is your overall portfolio weighted expense ratio
Replies: 202
Views: 15074

Re: What is your overall portfolio weighted expense ratio

By the way what do we do when we need to start talking about fractions of a basis point? Maybe we can refer to a percent of a percent of a percent as a Bogle point? Better gird your loins for the arrival of fractions. Could be that the next price drop in Admiral shares of TSM, if there is one, will...
by House Blend
Tue May 02, 2017 10:19 am
Forum: Investing - Help with Personal Investments
Topic: TIAA Real Estate vs CREF Equity Index
Replies: 61
Views: 3116

Re: TIAA Real Estate vs CREF Equity Index

Update: the new prospectus for TIAA Real Estate is out now,
and there's been a YUUUUGE price cut.

The ER is now a mere 0.85%, down from 0.885%.
by House Blend
Mon May 01, 2017 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Missing SS earnings: Royalty
Replies: 6
Views: 535

Re: Missing SS earnings: Royalty

It depends on how you reported the royalty income. If you didn't file Schedule SE and pay self-employment tax on that income, then it doesn't count as SS income. If you filed Schedule SE in those years, and your SS earnings record shows $0, then you should contact the SSA and have them fix the mista...
by House Blend
Mon May 01, 2017 1:25 pm
Forum: Investing - Help with Personal Investments
Topic: Interesting Tax Guide - 2017
Replies: 18
Views: 2434

Re: Interesting Tax Guide - 2017

^Agreed. Could be a great place to get started as long as the mistakes are not too egregious. With that in mind, all it takes is one new tax law, such as the advent of covered shares, to render a book on taxes and investing obsolete. The other killer is state-specific ramifications. If it's a one-pe...
by House Blend
Mon May 01, 2017 1:04 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA Real Estate vs CREF Equity Index
Replies: 61
Views: 3116

Re: TIAA Real Estate vs CREF Equity Index

If you are thinking about adding TREA, do read the FAQ that TIAA has, and spend some time with the 250 page prospectus. A new one is due this week. I think the description of risks that this fund is exposed to runs to 40 pages. https://www.tiaa.org/public/pdf/performance/REA_FAQ.pdf FWIW: I have abo...
by House Blend
Mon May 01, 2017 12:39 pm
Forum: Investing - Theory, News & General
Topic: Schwab Vs. Vanguard?
Replies: 32
Views: 4457

Re: Schwab Vs. Vanguard?

The Vanguard Institutional Total Stock Market (VITNX) has an expense ratio of 0.04% https://personal.vanguard.com/us/funds/snapshot?FundId=0870&FundIntExt=INT Do you have $100,000,000 to invest in that fund? :shock: Interesting to note that VITNX is "Institutional Total Stock Market Index ...
by House Blend
Mon May 01, 2017 11:13 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Prime Money Market Fund (VMMXX)
Replies: 24
Views: 3559

Re: Vanguard Prime Money Market Fund (VMMXX)

I don't know about OP's tax rates but you may want to also consider VMSXX ( Vanguard Municipal Money Market Fund ) which has an SEC yield of 0.78%. A comparable taxable MM fund would have to have a yield of 1.08% ( at 28% Fed tax rate). I would choose VMSXX over VMMXX in that case. I am in the 25% ...

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