Search found 873 matches

by Longdog
Wed Sep 20, 2017 9:26 am
Forum: Investing - Theory, News & General
Topic: Net Worth divided between taxable and tax-advantaged accounts
Replies: 2
Views: 270

Net Worth divided between taxable and tax-advantaged accounts

A recent thread discussing net worth and percentiles by age, as well as the oft-quoted 4% rule started me thinking that it makes a big difference, in terms of spendable income based on net worth, how much is in a taxable account, how much in a Roth account, and how much is in a pre-tax account. A $1...
by Longdog
Mon Sep 18, 2017 6:59 am
Forum: Investing - Help with Personal Investments
Topic: My in-laws' nest egg of $50k
Replies: 34
Views: 4088

Re: My in-laws' nest egg of $50k

I agree with the above -- treat their nest egg as an emergency fund and don't take out a mortgage on the condo. One thing to consider -- in all likelihood, one of them is going to predecease the other and the survivor's Social Security will be reduced. My best guess is that it will fall to about $8...
by Longdog
Sun Sep 17, 2017 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Problem setting up Quicken for Fidelity Visa Elan
Replies: 13
Views: 3580

Re: Problem setting up Quicken for Fidelity Visa Elan

Thought I would resurrect this old thread with a question: Has anyone else that uses Quicken for Mac (I am using the 2017 version) been successful in setting up direct downloads into Quicken with their Fidelity Visa from Elan? Currently I download transactions from the Fidelity rewards website but ...
by Longdog
Sun Sep 17, 2017 11:16 am
Forum: Personal Finance (Not Investing)
Topic: annualcreditreport.com possible vulnerability (apache struts framework)
Replies: 21
Views: 1874

Re: annualcreditreport.com possible vulnerability (apache struts framework)

At this point, financial institutions should not extend credit without a written signature and should be fully liable if they extend credit to someone fraudulently. What good is a written signature? My signature appears on a government website and when I specifically asked for it to be retracted I ...
by Longdog
Sun Sep 17, 2017 8:37 am
Forum: Personal Consumer Issues
Topic: Should I contact a lawyer?
Replies: 69
Views: 3229

Re: Should I contact a lawyer?

I am an engineer, and on day one of every job I've had, I've had to sign over all intellectual property rights for anything I create while employed that is in any way connected to their line of business, regardless of whether it was done on my own time or theirs. So, I find it interesting that this ...
by Longdog
Sun Sep 17, 2017 8:24 am
Forum: Investing - Help with Personal Investments
Topic: Initial investment for a student
Replies: 10
Views: 367

Re: Initial investment for a student

If she had a Vanguard account, she'd be able to purchase Vanguard Total Market ETF without any commission, at any amount. However, there might be an account maintenance fee at that level of assets that would make it not worth it. Will this be in a taxable account or Roth IRA?
by Longdog
Sun Sep 17, 2017 7:36 am
Forum: Personal Finance (Not Investing)
Topic: annualcreditreport.com possible vulnerability (apache struts framework)
Replies: 21
Views: 1874

Re: annualcreditreport.com possible vulnerability (apache struts framework)

There has been one large hack after another in the news over the past years, and they keep occurring on a regular basis. At this point, people should accept that there is no security or secrecy regarding their demographic and financial information. If it hasn't been stolen and released into the wil...
by Longdog
Sat Sep 16, 2017 7:58 am
Forum: Personal Finance (Not Investing)
Topic: Mother-In-Law dying, Wife wants to buy a Porsche
Replies: 51
Views: 4809

Re: Mother-In-Law dying, Wife wants to buy a Porsche

I would suggest that, as your instincts already seem to suggest, now is not the time to try to talk your wife out of anything. This is obviously a very difficult and emotional time. When your MIL eventually passes, if your wife still feels that a Porsche will somehow compensate her for the stress an...
by Longdog
Wed Sep 13, 2017 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Milestone Reached - "Quarter Millionaire!"
Replies: 41
Views: 4512

Re: Milestone Reached - "Quarter Millionaire!"

I'm sorry, but I can only give you 25% of a hearty congratulations! :wink:
by Longdog
Tue Sep 12, 2017 6:19 am
Forum: Investing - Help with Personal Investments
Topic: first time CD through V Brokerage: any cautions?
Replies: 9
Views: 1146

Re: first time secondary CD through V Brokerage: any cautions?

1) if you pay a premium over par, then that premium is not FDIC insured. This is just what I needed, thanks. So this is why they have higher yields. there is another reason for the higher yields of brokered CDs vs say regular CDs. Regular CDs often have an early withdrawal feature. This lets you ge...
by Longdog
Sun Sep 10, 2017 2:13 pm
Forum: Investing - Help with Personal Investments
Topic: Sell deceased's "wrong-state" muni bonds?
Replies: 27
Views: 1788

Re: Sell deceased's "wrong-state" muni bonds?

Have you received quotes ... Others can correct me but every time I've been involved with type of transaction, it's kinda like "Let's see what this baby goes for." I think there's no way to know until it sells since it's dependent on so many factors. Even for the same entity (same bridge, turnpike,...
by Longdog
Sat Sep 09, 2017 9:29 am
Forum: Investing - Theory, News & General
Topic: Dividends and Withdrawal Rate
Replies: 39
Views: 3080

Re: Dividends and Withdrawal Rate

OP here. We are invested 50/50, have pensions, and our expenses are low. No SS yet. So far, almost 2 years in to retirement, we don't need a lot from our portfolio. The dividends come from our taxable stock funds only. I don't see why this is a bad strategy in our circumstances. (Folks assume an aw...
by Longdog
Sat Sep 09, 2017 7:27 am
Forum: Personal Consumer Issues
Topic: Luxury car: perception vs reality
Replies: 118
Views: 5939

Re: Luxury car: perception vs reality

msk wrote:
Sat Sep 09, 2017 7:10 am
My rule-of-thumb for the past 50 years has been, Never Buy a Car Costing More Than 6 Months Income.
I'm curious - would that be earned income only, or earned + unearned income (interest, dividends, cap gains)?
by Longdog
Wed Sep 06, 2017 7:11 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 61
Views: 5051

Re: To take or not to take delivery of Tesla 3

I had reserved Tesla 3 when it was announced. I did it because $35K-$7.5K price was too attractive to NOT put my name on the list. According to the web site I can get the delivery by Dec-Feb time frame if I select the $49K car. This is with 310 miles + premium options package. That price still does...
by Longdog
Wed Sep 06, 2017 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited Savings Bonds
Replies: 30
Views: 1840

Re: Inherited Savings Bonds

My first question is will the Treasury even reissue savings bonds that have reached their maturity? No. Once they matured, the only option is to redeem the bonds. Also no to basis step-up. Also, the interest should have been reported on an income tax return for the year when the Savings Bonds matur...
by Longdog
Fri Sep 01, 2017 1:53 pm
Forum: Investing - Help with Personal Investments
Topic: Need tax advice selling wellington
Replies: 33
Views: 1810

Re: Need tax advice selling wellington

I would like to sell wellington and go an with index funds but need tax advice on how to do this. I make about 35K in income a year with wellington and have no other income. I have a 40k gain in wellington. How do I sell wellington in the best way as not to get hit hard with taxes. I am also on oba...
by Longdog
Wed Aug 30, 2017 5:36 pm
Forum: Investing - Help with Personal Investments
Topic: Corrected Consolidated 1099 from Vanguard - Help!
Replies: 10
Views: 814

Re: Corrected Consolidated 1099 from Vanguard - Help!

If the original form indicated "Cost Basis Not Reported to IRS" and the new form also indicates "Cost Basis Not Reported to IRS" and the only thing different is the cost basis value, then you may not need to do anything. The value in the first 1099-B may have only been for your convenience, but it w...
by Longdog
Tue Aug 29, 2017 6:32 am
Forum: Investing - Help with Personal Investments
Topic: Relative angry I will not co-sign
Replies: 90
Views: 7987

Re: Relative angry I will not co-sign

windaar wrote:
Tue Aug 29, 2017 6:03 am
Are there other ways that I can help, or is this relationship just a lost cause at the point?
Assuming this relative is a fully-functioning adult, it seems to me it is a lost cause, not of your own making.
by Longdog
Tue Aug 29, 2017 6:25 am
Forum: Investing - Help with Personal Investments
Topic: new job, near Roth IRA limit, what to do?
Replies: 7
Views: 715

Re: new job, near Roth IRA limit, what to do?

kinvest wrote:
Mon Aug 28, 2017 11:55 pm
1) Keep old 401(k) and utilize backdoor Roth IRA
This is your best option. Keep in mind that it is not a forever decision. You can leave it in the old 401k for years, and at some point change your mind then roll it over to another employer's 401k or an IRA.
by Longdog
Tue Aug 29, 2017 4:30 am
Forum: Personal Finance (Not Investing)
Topic: Purchasing a Health Plan - Not Marketplace
Replies: 46
Views: 2604

Re: Purchasing a Health Plan - Not Marketplace

Any ACA compliant plan must cover pre-existing conditions, whether purchased on the exchange or not (i.e., directly from the insurance provider).
by Longdog
Thu Aug 17, 2017 5:34 pm
Forum: Investing - Help with Personal Investments
Topic: Sell VTSAX to pay off car loan?
Replies: 12
Views: 734

Re: Sell VTSAX to pay off car loan?

thangngo wrote:
Thu Aug 17, 2017 5:28 pm
If you don't have no other source of income, then it makes sense to sell stocks for cash to pay off the loan.

If you have other source of income, selling stocks in taxable account is next to the worst thing you can do.
What's the worst thing?
by Longdog
Thu Aug 17, 2017 5:33 pm
Forum: Investing - Help with Personal Investments
Topic: Sell VTSAX to pay off car loan?
Replies: 12
Views: 734

Re: Sell VTSAX to pay off car loan?

I currently have a car loan for $11,250k at 5.1% APR that will ammoratize in 1 year if all payments are paid on time. I hold many shares of VTSAX and have considered selling to pay off the car loan, and just using the money that would be put towards the loan back into the market, buying VTSAX. I be...
by Longdog
Sun Aug 13, 2017 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Expect to spend $2.6M on healthcare?
Replies: 66
Views: 6441

Re: Expect to spend $2.6M on healthcare?

I don't think that's the right calculation, unless you run a tab on all your medical expenses with the intent to pay them all in one lump sum the day prior to your expiration date.
by Longdog
Sun Aug 13, 2017 1:11 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2018!
Replies: 21
Views: 3104

Re: Roll Call for the Retirement Class of 2018!

I am targeting June 2018 at age 53. I have already exceeded my number, having accumulated much more than I ever imagined I could, mostly, I believe, by LWBYM (LBYM with an exclamatory "way" thrown in). Disregarding tax liabilities, charity, and health insurance - an important consideration causing m...
by Longdog
Sat Aug 12, 2017 8:29 am
Forum: Personal Finance (Not Investing)
Topic: When to pay estimated taxes on mutual fund distributions in December 2018?
Replies: 32
Views: 1968

Re: When to pay estimated taxes on mutual fund distributions in December 2018?

Fidelity's mutual funds for Total U.S. Stock Market and international will pay a hefty distribution in December 2018. Each around $0.97 per share in dividends and $0.30 per share in capital gains. If investors wait until April 2019 to pay the taxes due, this could create a penalty for owing more th...
by Longdog
Tue Aug 08, 2017 4:29 am
Forum: Investing - Help with Personal Investments
Topic: Accidentally held onto RSU's
Replies: 10
Views: 1733

Re: Accidentally held onto RSU's

If you regularly donate to charities, consider donating the shares with the highest appreciation instead of cash. You avoid the capital gains tax and get to take the full deduction.
by Longdog
Mon Aug 07, 2017 4:16 pm
Forum: Personal Consumer Issues
Topic: Bose Noise Cancelling Headphones
Replies: 49
Views: 3927

Re: Bose Noise Cancelling Headphones

qc35's, factory refurbished, your favorite auction site... ~260ish if you search. On our last vacation we hit an outlet store and I got a pair of QC35s over-ears for flying and use around the house, along with a pair of QC30 buds (extra 25% off!) for walking the dog. Your dog is happy with the QC30...
by Longdog
Sun Aug 06, 2017 8:14 pm
Forum: Personal Consumer Issues
Topic: Bose Noise Cancelling Headphones
Replies: 49
Views: 3927

Re: Bose Noise Cancelling Headphones

I use my QC35s on the hour train ride to/from work, as well as on plane rides. I used to be an audiophile but gave up the search for perfection, and am happy enough with "very good." For Bluetooth, Noise Canceling, over the ear headphones they're very comfortable, sound very good, and have excellent...
by Longdog
Sun Aug 06, 2017 6:13 am
Forum: Personal Finance (Not Investing)
Topic: 401k loan for house down payment?
Replies: 11
Views: 1084

Re: 401k loan for house down payment?

Any risks? Yes. If you leave a job (whether voluntarily or not), you will be required to pay back the balance of the 401k loan or it becomes treated as an early withdrawal from the 401k and subject to taxes and, if you are under 55, a 10% penalty.
by Longdog
Fri Aug 04, 2017 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: 1099 from estate proceeds that are gifted MAGI impact
Replies: 6
Views: 551

Re: 1099 from estate proceeds that are gifted MAGI impact

I think the individual can disclaim the inheritance, in which case it will be as if it never happened. But if she/he accepts the inheritance, I think the cost basis of the real property will be approximately, if not exactly, their portion of the proceeds reported on the 1099. So, it really wouldn't ...
by Longdog
Tue Aug 01, 2017 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Number of withdrawals permitted/personal savings account
Replies: 11
Views: 1094

Re: Number of withdrawals permitted/personal savings account

Is it possible that your "month" was not the 1st - 31st of the month, but mid-month to mid-month?
by Longdog
Tue Aug 01, 2017 1:42 pm
Forum: Personal Consumer Issues
Topic: Tesla Model 3 or Chevy Bolt?
Replies: 330
Views: 32862

Re: Tesla Model 3 or Chevy Bolt?

I have a feeling Tesla will start to include the enhanced autopilot feature as standard once the Federal tax credit ends, to compensate for that loss. Since the cars will have all of the hardware necessary, it won't be difficult to do. That would tick me off since I paid 5k and it still drives like...
by Longdog
Tue Aug 01, 2017 7:05 am
Forum: Personal Consumer Issues
Topic: Tesla Model 3 or Chevy Bolt?
Replies: 330
Views: 32862

Re: Tesla Model 3 or Chevy Bolt?

I have a feeling Tesla will start to include the enhanced autopilot feature as standard once the Federal tax credit ends, to compensate for that loss. Since the cars will have all of the hardware necessary, it won't be difficult to do. It might be difficult. Right now, there is disagreement re what...
by Longdog
Tue Aug 01, 2017 6:06 am
Forum: Personal Consumer Issues
Topic: Tesla Model 3 or Chevy Bolt?
Replies: 330
Views: 32862

Re: Tesla Model 3 or Chevy Bolt?

I am curious to see what happens when the federal rebate ends for Tesla. Certainly it had a BIG impact on sales in Hong Kong. I heard they have around 1/2 million reservations for the 3. California ended rebates for roof top solar, so I doubt they will ride to the rescue of Tesla when the federal r...
by Longdog
Sun Jul 30, 2017 6:49 am
Forum: Investing - Help with Personal Investments
Topic: CD Ladder
Replies: 16
Views: 2038

Re: CD Ladder

Ran a CD lader with Fidelity, 3, 6, 9 and 12 months. All 4 of them showed up as First Bank of China. Is this a major risk as its not diversified? I saw this and didn't buy yet. What do you folks think? Depends how it is registered, how much money is in the ladder, and how much other money you might...
by Longdog
Tue Jul 25, 2017 1:44 pm
Forum: Investing - Theory, News & General
Topic: Changes in your risk profile
Replies: 13
Views: 806

Re: Changes in your risk profile

Longdog asks: "If your "need" to take risk has decreased because of the recent strong market performance, and you act on that need by reducing the amount of "new" money being put into the market, would that be considered market timing? " Uh, why would an adult, capable of looking after him/herself,...
by Longdog
Tue Jul 25, 2017 12:58 pm
Forum: Investing - Theory, News & General
Topic: Changes in your risk profile
Replies: 13
Views: 806

Re: Changes in your risk profile

That would be considered market timing. If the strong market performance resulted in rebalancing bands being triggered, then that is a different story. But in that case I would just buy more bonds with new money and continue investing as usual otherwise. That's not quite what happened. What happene...
by Longdog
Tue Jul 25, 2017 12:01 pm
Forum: Investing - Theory, News & General
Topic: Changes in your risk profile
Replies: 13
Views: 806

Changes in your risk profile

We know your asset allocation should be based on your need, willingness, and ability to take risk. If your "need" to take risk has decreased because of the recent strong market performance, and you act on that need by reducing the amount of "new" money being put into the market, would that be consid...
by Longdog
Tue Jul 25, 2017 11:49 am
Forum: Investing - Help with Personal Investments
Topic: Inherited taxable account: how to get from there to here
Replies: 10
Views: 1024

Re: Inherited taxable account: how to get from there to here

On item 2, sell everything now and out them into your desired allocation. Since you state this is an inheritance, there was a step-up in basis on the date of death. Thus, the only capital gains you have are from the day of death.
by Longdog
Sun Jul 23, 2017 5:50 pm
Forum: Investing - Help with Personal Investments
Topic: Pension buyout option
Replies: 11
Views: 894

Re: Pension buyout option

I had almost the exact same offer a few years ago. I did a calculation by figuring what rate of return I'd need to earn to purchase an immediate annuity at age 65 paying out the $420 per month. I used the current price of immediate annuities. I forget the exact number, but I think I calculated I'd n...
by Longdog
Sun Jul 23, 2017 7:23 am
Forum: Personal Finance (Not Investing)
Topic: My risk tolerance suddenly went down
Replies: 33
Views: 5564

Re: My risk tolerance suddenly went down

I have a job offer. It's an hour away, most of which is train. I start in 2 weeks. My pay is going up substantially... Going to have to recalibrate my life a bit.. it's +45k above my last job I want to avoid the bank account shock of having too much income so I'm thinking about maxing out their 401...
by Longdog
Sat Jul 22, 2017 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Teenager taking out loans to establish good credit
Replies: 24
Views: 1443

Re: Teenager taking out loans to establish good credit

It's quite likely that you'll be offered a credit card once you start college, even without a credit score. It's the only time in your life that will happen. Take advantage of it, use it for small charges monthly, and pay off IN FULL each month. Don't charge anything that you don't have the cash to ...
by Longdog
Sat Jul 22, 2017 12:53 pm
Forum: Investing - Theory, News & General
Topic: Fraud???
Replies: 15
Views: 2690

Re: Fraud???

I made a small transaction on Vanguard last night, and received a confirmation. This morning I received an email from Vanguard saying confirmation of my account profile update was available at Vanguard.com. However, I did not make any update on my account profile. I called Vanguard, including the n...
by Longdog
Thu Jul 20, 2017 2:24 pm
Forum: Personal Consumer Issues
Topic: SAT scores - whats the point??
Replies: 37
Views: 2001

Re: SAT scores - whats the point??

Because colleges have academic reputations that they strive to uphold. It is their credibility as an institution that is at stake.
by Longdog
Thu Jul 20, 2017 9:50 am
Forum: Investing - Help with Personal Investments
Topic: Cost basis mistake?
Replies: 4
Views: 452

Re: Cost basis mistake?

Are these covered shares? Had you sold shares and these are the remaining shares? If these are covered shares and if there is documented evidence that when you sold shares you indicated "Specific ID" then Vanguard would investigate and correct it, if it was their error. If it was not their error an...
by Longdog
Thu Jul 20, 2017 7:41 am
Forum: Investing - Help with Personal Investments
Topic: Cost basis mistake?
Replies: 4
Views: 452

Re: Cost basis mistake?

Are these covered shares? Had you sold shares and these are the remaining shares? If these are covered shares and if there is documented evidence that when you sold shares you indicated "Specific ID" then Vanguard would investigate and correct it, if it was their error. If it was not their error and...
by Longdog
Mon Jul 17, 2017 4:55 pm
Forum: Personal Consumer Issues
Topic: Xfinity Mobile
Replies: 63
Views: 6014

Re: Xfinity Mobile

I was starting to think about getting a new iPhone anyway - my current IPhone 5 was still fine but the better camera and fingerprint home button for the iPhone 7 were features I placed some value on. Even on my old Verizon plan I only used about 500MB of data a month without any attempt at conserva...
by Longdog
Sun Jul 16, 2017 7:44 pm
Forum: Investing - Theory, News & General
Topic: DImensions of investment risk.
Replies: 15
Views: 663

Re: DImensions of investment risk.

To me, risk is a possible adverse outcome. It has a likelihood and a magnitude, like you said. Multiply the likelihood by the magnitude of the adverse outcome, and you have its expected value.

There are many types of investment risks, each with its own likelihood and magnitude.
by Longdog
Sun Jul 16, 2017 6:46 am
Forum: Personal Consumer Issues
Topic: San Jose and San Francisco Trip
Replies: 24
Views: 1843

Re: San Jose and San Francisco Trip

I'd skip the Tech Museum in San Jose as lots of things were broken when we visited. We didn't have kids with us and it trys to be kid-oriented so we didn't stay long. I didn't think it was worth the cost. Do see in San Francisco: Cable cars, cable car museum, Bart Rent a rowboat at Stow Lake in Gol...
by Longdog
Sat Jul 15, 2017 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Leaving California, will I be taxed?
Replies: 11
Views: 1360

Re: Leaving California, will I be taxed?

I spent a portion of my childhood in Virginia, and my dad worked for a company in Virginia that had its headquarters in La Jolla, CA. He never stepped foot in California, not even for a business trip. He was a Virginia resident and paid his taxes to the state of Virginia. Years into his retirement, ...