Search found 2105 matches

by IlliniDave
Sat Dec 09, 2017 6:43 pm
Forum: Investing - Theory, News & General
Topic: Stocks always in taxable for tax efficient investing?
Replies: 66
Views: 2796

Re: Stocks always in taxable for tax efficient investing?

I have roughly similar allocations between taxable and retirement, though retirement is a little more stock-heavy. I tend to use a bit of bucket mentality and look at my taxable assets as usable for spending from retirement (~ age 55) to age 70. So I'm a little more conservative there, but keep a do...
by IlliniDave
Tue Nov 07, 2017 9:11 am
Forum: Investing - Theory, News & General
Topic: Why is Vanguard sending so much junk mail telling me to vote in the proxy election?
Replies: 50
Views: 5730

Re: Why is Vanguard sending so much junk mail telling me to vote in the proxy election?

Nate79 wrote:
Tue Nov 07, 2017 1:51 am
Just vote and get it over with. They stop bothering after you vote a couple of times :).
Just like living in Chicago back in the day! :)
by IlliniDave
Thu Nov 02, 2017 12:10 pm
Forum: Personal Consumer Issues
Topic: Do you Mow your own Lawn?
Replies: 90
Views: 3036

Re: Do you Mow your own Lawn?

I mow the lawn at my home. I have a modest vacation property that temporarily, because of distance, I pay someone to keep from getting overgrown. In a couple years I'll be taking care of the mowing at both places.
by IlliniDave
Thu Nov 02, 2017 3:02 am
Forum: Personal Finance (Not Investing)
Topic: Help with 2018 HSA contribution limit (child turns 26 in December 2018)
Replies: 8
Views: 686

Re: Help with 2018 HSA contribution limit (child turns 26 in December 2018)

I looked at that and found it of little help to me (could be I did a poor job reading it). I'm going with the little flow diagram in the Form 8889 instructions and keeping my fingers crossed. Seems to work on the first of the month principle mentioned above. The information is there in Publication ...
by IlliniDave
Wed Nov 01, 2017 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Help with 2018 HSA contribution limit (child turns 26 in December 2018)
Replies: 8
Views: 686

Re: Help with 2018 HSA contribution limit (child turns 26 in December 2018)

Coverage is determined on the 1st of each month. Covering yourself and your daughter from Jan. 1 to Dec. 1 inclusive means you have family coverage for all 12 months. Thanks. It took me a while to work this out, but my conclusion aligns with you statement so I think I did it right. Most of the avai...
by IlliniDave
Wed Nov 01, 2017 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Help with 2018 HSA contribution limit (child turns 26 in December 2018)
Replies: 8
Views: 686

Re: Help with 2018 HSA contribution limit (child turns 26 in December 2018)

HDHP/HSA eligible insurance will cover your daughter to the end of the month in which she turns 26, which for her is to the end of December. Thus, you can contribute the full family plan amount for 2018 to your HSA. However, even though your daughter is on your insurance plan, you cannot reimburse ...
by IlliniDave
Wed Nov 01, 2017 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Help with 2018 HSA contribution limit (child turns 26 in December 2018)
Replies: 8
Views: 686

Re: Help with 2018 HSA contribution limit (child turns 26 in December 2018)

Both tfb and SuzBanyan are correct, but if you want IRS confirmation, see 2016 Publication 969 - p969.pdf . For a tax manual, it's quite comprehensible. :happy Thanks, I looked at that and found it of little help to me (could be I did a poor job reading it). I'm going with the little flow diagram i...
by IlliniDave
Mon Oct 30, 2017 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Help with 2018 HSA contribution limit (child turns 26 in December 2018)
Replies: 8
Views: 686

Help with 2018 HSA contribution limit (child turns 26 in December 2018)

Hi everyone. I am single (divorced) and will be covering my youngest daughter on my health insurance next year until her 26th birthday (12/21/2018). My insurance plan, through my employer, is an HSA-eligible plan. I would like to contribute the maximum I can (legally) to the HSA. I believe I can con...
by IlliniDave
Tue Aug 29, 2017 7:22 am
Forum: Investing - Help with Personal Investments
Topic: Questions re Brokerage Acct solicitation emails from Vanguard
Replies: 3
Views: 589

Questions re Brokerage Acct solicitation emails from Vanguard

I've been receiving emails from Vanguard offering a "free" conversion from a mutual fund account to a brokerage account if I do so by 08 September 2017. I only have this one account with Vanguard and do not have any immediate plans to do anything that would require a brokerage account. None of the b...
by IlliniDave
Mon Aug 28, 2017 5:54 am
Forum: Investing - Help with Personal Investments
Topic: Do people in the 15% tax bracket tax loss harvest?
Replies: 24
Views: 2330

Re: Do people in the 15% tax bracket tax loss harvest?

I personally would tax gain harvest in that bracket. I'd be thinking along the same lines. Don't get why most folks here have talked about TLH instead of TGH. https://www.bogleheads.org/wiki/Tax_gain_harvesting If you windup in same tax bracket in retirement, you've benefited from tax deferment. A ...
by IlliniDave
Sun Aug 27, 2017 8:14 pm
Forum: Investing - Help with Personal Investments
Topic: Do people in the 15% tax bracket tax loss harvest?
Replies: 24
Views: 2330

Re: Do people in the 15% tax bracket tax loss harvest?

Ok, question then. I purchased a 5k position of Trans Ocean (RIG) stock 3 years ago, it is only worth 1k as of tonight. I was simply going to sell it and take the cash and stuff my Roth with the 1k. Tax loss harvesting would require me to purchase another similar stock, correct? I don't want to do ...
by IlliniDave
Sun Aug 27, 2017 7:52 pm
Forum: Investing - Theory, News & General
Topic: How and when do you decide to do Tax Loss Harvesting?
Replies: 24
Views: 2609

Re: How and when do you decide to do Tax Loss Harvesting?

I keep it simple. I check everything in December each year and if I can realize a loss without triggering a wash sale or fouling up my overall allocation strategy, I will generally do so. The exception would be when something sees a sharp loss, say maybe 10% or more. In that case I might look to TL...
by IlliniDave
Sun Aug 27, 2017 10:35 am
Forum: Investing - Theory, News & General
Topic: How and when do you decide to do Tax Loss Harvesting?
Replies: 24
Views: 2609

Re: How and when do you decide to do Tax Loss Harvesting?

I keep it simple. I check everything in December each year and if I can realize a loss without triggering a wash sale or fouling up my overall allocation strategy, I will generally do so. The exception would be when something sees a sharp loss, say maybe 10% or more. In that case I might look to TLH...
by IlliniDave
Sun Aug 27, 2017 9:53 am
Forum: Investing - Theory, News & General
Topic: John Bogle video (discusses international)
Replies: 44
Views: 4319

Re: John Bogle video (discusses international)

This is a topic I don't spend a lot of time worrying about. I do have some international since my 401k has a good low-cost index fund, and even a dollop of E/M tilt. Altogether around 30% of my equities are ex-US. But if the 401k plan changed and dropped the international funds I'd just move the mon...
by IlliniDave
Sat Aug 26, 2017 9:01 pm
Forum: Investing - Theory, News & General
Topic: A request to authors of investing advice
Replies: 16
Views: 1420

Re: A request to authors of investing advice

That is a difficult one because, much like investing, the optimal approach requires foreknowledge of the the future. What has helped me a lot is taking the time to track my spending in detail, and then reviewing the data thoughtfully. Those acts go a long way towards helping me quantify an estimate ...
by IlliniDave
Mon Aug 21, 2017 4:04 pm
Forum: Investing - Theory, News & General
Topic: Irrational Despair?
Replies: 39
Views: 6147

Re: Irrational Despair?

I've been doing this for about three decades now. There was never I time that I can remember that forecasts of woe and doom were not plentiful. Such predictions generate a lot more interest then "and the market lived happily ever after" would.
by IlliniDave
Tue Aug 15, 2017 8:51 am
Forum: Personal Consumer Issues
Topic: Retired Boglehead obsession with money- devil's advocate
Replies: 66
Views: 7806

Re: Retired Boglehead obsession with money- devil's advocate

Part of it is probably a sense of stewardship--for most of us it takes a lot of effort through many decades to "win the game", and it's maybe a form of self respect to tend assets carefully. I also think it truly becomes a hobby for many. Worry also has a lot of shades of meaning, ranging from simpl...
by IlliniDave
Tue Aug 15, 2017 8:25 am
Forum: Investing - Theory, News & General
Topic: Vanguard seeks corporate disclosure re climate change risks
Replies: 2
Views: 543

Re: Vanguard seeks corporate disclosure re climate change risks

My first thought is that it is probably difficult to know what exactly to base a risk assessment on since I don't know how concretely anyone understands specifically what's going to happen where in the next 5,10,20 years. That would lead me to be a little skeptical of any such assessment. As mostly ...
by IlliniDave
Mon Aug 14, 2017 3:11 pm
Forum: Investing - Theory, News & General
Topic: What a Low Return Outlook Means for Your Retirement?
Replies: 42
Views: 5650

Re: What a Low Return Outlook Means for Your Retirement?

There are all sorts of things that might be true in the future. I'm not overly obsessed with valuations at this moment. For other reasons my plan all along is to save a little more now and plan to spend a little less later, meaning I have a range of options for average withdrawals as a % of starting...
by IlliniDave
Fri Aug 11, 2017 11:24 am
Forum: Investing - Theory, News & General
Topic: 4% Rule has changed.....not
Replies: 80
Views: 9044

Re: 4% Rule has changed.....not

If I'm lucky enough to celebrate my 110th birthday, I won't care much if I'm broke. If one lives to 110, odds are we've made tremendous advances in reversing aging. If you're 110 and feel like you're 20, you will likely want to have enough money to enjoy your new youth. Also, the wealthy will be th...
by IlliniDave
Thu Aug 10, 2017 2:05 pm
Forum: Investing - Theory, News & General
Topic: Are Index Funds Evil?
Replies: 30
Views: 4084

Re: Are Index Funds Evil?

There seems to be an underlying assumption that companies operate their business with the mom and pop shareholders' interest in mind. It's more likely they operate to financially engineer for maximum executive compensation. No executive in an industry is going to willingly stand by let his rival bea...
by IlliniDave
Wed Aug 09, 2017 3:45 pm
Forum: Investing - Theory, News & General
Topic: 4% Rule has changed.....not
Replies: 80
Views: 9044

Re: 4% Rule has changed.....not

Does the video assume that a 70 year old keeps all their funds in stock market? Even at 50/50, that would be difficult to get hit with 20% decline, but from what I've seen, people in retirement keep no more than 20% in stocks. Aren't you supposed to be in income funds at that point and not worry ab...
by IlliniDave
Mon Aug 07, 2017 7:17 pm
Forum: Investing - Theory, News & General
Topic: Does the trend toward index funds mute any bear market?
Replies: 17
Views: 2219

Re: Does the trend toward index funds mute any bear market?

Maybe a trend underlying the trend (the possibility of a growing contingent of buy/hold proponents) could have a small affect on volatility if enough of them are able to stick to it. It could mean a few less sellers out there. But I think that would be a long way from muting a bear market.
by IlliniDave
Mon Aug 07, 2017 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 276
Views: 26353

Re: How much money do you want to retire?

Well, with no pension or SS I would want ~ $1.5M minimum to retire early. I'm 53 now, single, and planning to leave work at 55. Since I expect a small annuity from my employer and SS, my true minimum number is considerably less than that. I project to have $1.0-$1.2M in invested assets at age 55, wh...
by IlliniDave
Tue Aug 01, 2017 3:36 pm
Forum: Investing - Theory, News & General
Topic: Greenspan: Look Out When Bonds Pop
Replies: 58
Views: 8937

Re: Greenspan: Look Out When Bonds Pop

Valuethinker, a very good analysis. I pretty much agree with what you said above. Hoping that I can accumulate enough money and retire before the robots take all the jobs! :wink: As far as commercial space, I am waiting for dying shopping malls to be repurposed into Amazon Distribution Centers. :wi...
by IlliniDave
Tue Aug 01, 2017 3:32 pm
Forum: Investing - Theory, News & General
Topic: Greenspan: Look Out When Bonds Pop
Replies: 58
Views: 8937

Re: Greenspan: Look Out When Bonds Pop

What do bonds do when they pop? Seriously, I don't really know what "bond bubble" refers to. Price drops? I keep my durations short enough that I can afford to ride it out. Gov't goes belly up? I probably have bigger problems than what my bond fund is doing. One of the constants in my life is that t...
by IlliniDave
Tue Aug 01, 2017 3:18 pm
Forum: Investing - Theory, News & General
Topic: Why is it hard to beat the market?
Replies: 45
Views: 3614

Re: Why is it hard to beat the market?

This was discussed in another thread recently but I don't remember which. Most of the gains in a market come from a small minority of the companies. Unless you cast a very wide net it is unlikely you'll get a good sampling of those companies. And the wider your net the more you will converge on mark...
by IlliniDave
Tue Aug 01, 2017 8:27 am
Forum: Investing - Theory, News & General
Topic: Has the "bond bubble" caused you to change your allocation?
Replies: 90
Views: 10419

Re: Has the "bond bubble" caused you to change your allocation?

I've never fully agreed with the "too few goods and services" definition of inflation. There is another definition (side of) drummed into my head, and that is the "value" aspect of money or money supply side. In economics, what happens to something if you make a lot of it? Toasters, for example, if...
by IlliniDave
Tue Aug 01, 2017 7:43 am
Forum: Investing - Theory, News & General
Topic: Has the "bond bubble" caused you to change your allocation?
Replies: 90
Views: 10419

Re: Has the "bond bubble" caused you to change your allocation?

I'm sort of gliding from ~75/25 to 65/35, which will be my ER set-point. It's hard to get excited about bonds, but I intend to continue on with my plan for now.
by IlliniDave
Mon Jul 31, 2017 3:34 pm
Forum: Investing - Theory, News & General
Topic: If You're Uncomfortable With Your AA, Maybe You're In The Right Place
Replies: 26
Views: 2924

Re: If You're Uncomfortable With Your AA, Maybe You're In The Right Place

I remember not long ago on here reading something Bogle is said to have said--that half the time he questioned why he had so much in equities and half the time questioned why he had so little. That's probably a pretty sign of being at a good balance point. I'm getting to the point where I'll have to...
by IlliniDave
Fri Jul 28, 2017 3:16 pm
Forum: Investing - Theory, News & General
Topic: Is this advice as reprehensible as I think it is?
Replies: 32
Views: 5560

Re: Is this advice as reprehensible as I think it is?

My opinion: probably not good advice. Incurring unnecessary new debt while retired and in their 70s is I think the opposite of the direction you want to be going (as is leveraged investments) in general. The conventional wisdom is to clean up debt and lower risk at their stage. Reprehensible? That d...
by IlliniDave
Tue Jul 18, 2017 11:01 am
Forum: Investing - Theory, News & General
Topic: How are folks handling the unprecedented rise in the market ?
Replies: 166
Views: 19944

Re: How are folks handling the unprecedented rise in the market ?

I'm slowly ratcheting down my stock exposure, something I've been doing for some time due to proximity of my early retirement date. The "unprecedented rise" is something I'm only aware of because throwing all my new contributions into bonds is not moving my AA as much as I would have thought. It's p...
by IlliniDave
Mon Jul 03, 2017 4:00 pm
Forum: Investing - Theory, News & General
Topic: When Did You Start Investing Your Own Money?
Replies: 47
Views: 3581

Re: When Did You Start Investing Your Own Money?

Around age 24 using the 401k plan at work. I started saving my second year on the job, once I was confident I could get by on my salary in a somewhat HCOL area. That was almost 30 years ago.
by IlliniDave
Fri Jun 30, 2017 3:29 pm
Forum: Investing - Theory, News & General
Topic: The Index fund fallacy - what we lost sight of!!
Replies: 55
Views: 7355

Re: The Index fund fallacy - what we lost sight of!!

I suppose at some level I understand I am effectively buying shares in individual companies, but it's not something I dwell on. My goal is to invest in all publicly-traded companies so I tend to think in terms of markets or blocks of companies. I don't think of indexes as entities, they are just lis...
by IlliniDave
Thu Jun 29, 2017 7:09 pm
Forum: Investing - Theory, News & General
Topic: Does Jack Bogle have a conundrum on his hands?
Replies: 63
Views: 5011

Re: Does Jack Bogle have a conflict of interest?

Index funds/Vanguard are getting to be the big dog and as people increasingly see them as a threat they throw some really weak sauce against the wall hoping it will stick. I knew nothing of Paul Merriman until his name popped up on the forum a couple of times, but he recommends low-cost index funds...
by IlliniDave
Thu Jun 29, 2017 3:23 pm
Forum: Investing - Theory, News & General
Topic: Does Jack Bogle have a conundrum on his hands?
Replies: 63
Views: 5011

Re: Does Jack Bogle have a conflict of interest?

Jack's only conflict of interest is that he likes helping people more than making money. +1 This. His "conflict of interest", by it's design, worked against his own personal financial interest and for that of the clients. An anti-CoI. Index funds/Vanguard are getting to be the big dog and as people...
by IlliniDave
Tue Jun 13, 2017 1:48 pm
Forum: Investing - Theory, News & General
Topic: Bogle Doubles Down on US Index Funds
Replies: 118
Views: 17509

Re: Bogle Doubles Down on US Index Funds

I am tilted towards US 70/30 so I'm in between the US-only and global-market-weight camps. I agree with Bogle that you don't *need* overseas, but think there is some value in having a little hedge. It's clear that Mr. Bogle does not mind that I don't totally agree with him on this point, so I'll ext...
by IlliniDave
Tue Jun 13, 2017 1:35 pm
Forum: Investing - Theory, News & General
Topic: Poll: Do Bogleheads own Stocks?
Replies: 77
Views: 8776

Re: Poll: Do Bogleheads own Stocks?

I had to answer "yes" to stocks because I own 7ish shares of my employer's stock that I got as a cashless redemption of an option grant many years ago (something like 100 shares at a price the stock sunk below and barely got above just as the exercise window was closing). I kept them because of the ...
by IlliniDave
Tue Jun 13, 2017 1:17 pm
Forum: Investing - Theory, News & General
Topic: Favorite Feature of Vanguard Website?
Replies: 67
Views: 6695

Re: Favorite Feature of Vanguard Website?

I like that the "Account overview" page has a different number for "Total assets" than the "Balances & Holdings" page even though they are the identical set of investments and if I use the "Portfolio Watch" page there is even a third number for the total even though it is still the same identical s...
by IlliniDave
Tue Jun 06, 2017 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirement Plan Check, 2 Years out.
Replies: 25
Views: 4008

Re: Early Retirement Plan Check, 2 Years out.

What I meant was stock dividend investment strategy. Specifically in a retirement account (to get maximum tax benefits). I learned about it in this book - "Dividend Growth Machine: How to Supercharge Your Investment Returns with Dividend Stocks" - and am now starting to do it myself. When following...
by IlliniDave
Tue Jun 06, 2017 6:48 am
Forum: Personal Finance (Not Investing)
Topic: Early Retirement Plan Check, 2 Years out.
Replies: 25
Views: 4008

Re: Early Retirement Plan Check, 2 Years out.

qwertyjazz wrote:I have nothing useful to add. You are very thoughtful and this plan seems well thought out. I just wanted to say that I enjoy your posts.

Thank you
QJ
Thanks QJ!
by IlliniDave
Tue Jun 06, 2017 6:46 am
Forum: Personal Finance (Not Investing)
Topic: Early Retirement Plan Check, 2 Years out.
Replies: 25
Views: 4008

Re: Early Retirement Plan Check, 2 Years out.

I have to say Sir, looking at your assets and retirement description, you've done an excellent job being financially responsible your entire life. I am now 37, and can only hope to achieve the financial opulence which you have described. I am curious, have you ever looked at dividend reinvesting? I...
by IlliniDave
Mon Jun 05, 2017 12:47 pm
Forum: Investing - Help with Personal Investments
Topic: Received inheritance, feel paralyzed as to what to do next
Replies: 16
Views: 2393

Re: Received inheritance, feel paralyzed as to what to do next

Generally, the advice above is very good. I'll just reemphasize that you should take as much time as you need to be comfortable with what you are doing. Don't let others (even well-meaning people) make you feel pressured to do something before you are ready. As you develop ideas put in a policy wher...
by IlliniDave
Mon Jun 05, 2017 11:49 am
Forum: Personal Finance (Not Investing)
Topic: New Milestone
Replies: 44
Views: 5050

Re: New Milestone

Comparing the members of this forum to the U.S. population as a whole is about as close as you can get to a real life Lake Wobegon. If you're anywhere near the two comma club, you are doing better than your cohort average, regardless of age. I remember reading this a few years back (sorry, cannot r...
by IlliniDave
Mon Jun 05, 2017 8:47 am
Forum: Personal Finance (Not Investing)
Topic: New Milestone
Replies: 44
Views: 5050

Re: New Milestone

Zillow aside, congrats!!! :sharebeer I was over 50 when I got a second comma for net worth :( (I use what might be considered excessively conservative estimates for real estate value though). At barely 53 I've yet to get my second comma for financial assets alone, hopeful of getting there by 55 tho...
by IlliniDave
Mon Jun 05, 2017 8:36 am
Forum: Investing - Theory, News & General
Topic: Shiller: Stock market will rise 50 percent
Replies: 27
Views: 4594

Re: Shiller: Stock market will rise 50 percent

Eek! Might be time to review my IPS and think about whether I should amend with an acceleration to pre-ER AA change to something a little more conservative. I had PE of 30 as a trigger for a review as well, and the 10-year is inching close. Seeing these sorts of quotes are reminiscent of times past ...
by IlliniDave
Mon Jun 05, 2017 8:05 am
Forum: Personal Finance (Not Investing)
Topic: New Milestone
Replies: 44
Views: 5050

Re: New Milestone

Zillow aside, congrats!!! :sharebeer I was over 50 when I got a second comma for net worth :( (I use what might be considered excessively conservative estimates for real estate value though). At barely 53 I've yet to get my second comma for financial assets alone, hopeful of getting there by 55 thou...
by IlliniDave
Sun Jun 04, 2017 8:17 pm
Forum: Investing - Theory, News & General
Topic: Index construction and "passive" investing
Replies: 8
Views: 1047

Re: Index construction and "passive" investing

One really interesting concept I've come across lately is that the idea of index investing being "passive" is a bit of a fallacy. While tracking an index is mostly a passive process, constructing and updating indexes definitely is not. For example: -The S&P 500 index isn't just a list of the 500 la...
by IlliniDave
Sat Jun 03, 2017 7:37 pm
Forum: Investing - Theory, News & General
Topic: Everything keeps going up, this feels too easy?
Replies: 113
Views: 10283

Re: Everything keeps going up, this feels too easy?

For two years now I've been putting the vast majority of new money into bonds and my AA has barely budged. I may have to break down and do an actual directed rebalance sometime this year. Regarding the OP, well, this *is* the easy part--just standing around while the world stuffs money into your poc...