Search found 963 matches

by Longdog
Fri Jan 19, 2018 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: Roth or Backdoor Roth
Replies: 2
Views: 209

Re: Roth or Backdoor Roth

2. Let's say I choose the backdoor method. I already have a tIRA account in VG with balance around $12k. If I do a non-deductible contribution to this account, how soon will I be able to convert this into Roth? 3. In 2nd case, will be I be able to move $5500 from tIRA to Roth account or I must move...
by Longdog
Thu Jan 18, 2018 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Neighbor bequest question
Replies: 2
Views: 438

Re: Neighbor bequest question

Payable on Death takes precedence over a will. Accounts registered as POD are not included in the probate estate. So yes, they hold up even if there is a will. If the elderly person is of sound mind, then this seems to be a good and easy way to achieve the desired result.
by Longdog
Mon Jan 15, 2018 5:09 am
Forum: Investing - Help with Personal Investments
Topic: Family death, house for sale, under-valued.
Replies: 19
Views: 2406

Re: Family death, house for sale, under-valued.

Sounds like a really contrived way to acquire a piece of real estate by an inexperienced flipper. I believe there’s quite a bit of risk that you are not aware of, beyond financial issues, including a good chance of strained family relationships. I’d pass on this “opportunity.” Good luck whatever you...
by Longdog
Sun Jan 14, 2018 7:28 am
Forum: Investing - Theory, News & General
Topic: Dave Ramsey's Millionaire Study
Replies: 59
Views: 10274

Re: Dave Ramsey's Millionaire Study

GuyInFL wrote:
Sun Jan 14, 2018 12:55 am
It's an anonymous survey. Or at least contact info is optional.
It’s also non-scientific (e.g., self-selecting), but it was fun to fill out. It did seem neutral and it was anonymous, other than the ability to log your IP address if so inclined.
by Longdog
Sat Jan 13, 2018 8:32 am
Forum: Personal Consumer Issues
Topic: Telematics and Auto Insurance
Replies: 13
Views: 790

Re: Telematics and Auto Insurance

I had one and amassed a 21% discount. After two years, the insurer upped their rates more than I expected, which motivated me to shop around and I found that the best rate for me was with an insurer that doesn't use those devices. My conclusion is that some insurers will choose to use them to fine t...
by Longdog
Sun Jan 07, 2018 2:53 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 424
Views: 33035

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

This afternoon I asked my question about trade-in values to a Tesla representative at the Tesla store at the local mall, and he said that for the same car with and without autopilot, the trade-in value would be $5,000 more for the one with autopilot. Take that piece of information for whatever you f...
by Longdog
Sun Jan 07, 2018 10:17 am
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 424
Views: 33035

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

Does anyone who has reserved or configured one have thoughts about whether autopilot is worth purchasing prior to delivery ($5k prior to delivery; $6k afterwards). I’m thinking it probably is because unlike the hardware in the car, the $5,000 initial cost doesn’t depreciate - it actually makes the c...
by Longdog
Sat Jan 06, 2018 2:10 pm
Forum: Forum Issues and Administration
Topic: Misuse of adverse when averse was meant
Replies: 145
Views: 5817

Re: Misuse of adverse

Pete12 wrote:
Fri Jan 05, 2018 3:54 pm
Pajamas wrote:
Fri Jan 05, 2018 3:47 pm
What about this?

https://en.wikipedia.org/wiki/Bagel_head
Lovely...
Oh man do I feel foolish. I thought that’s what this group was and couldn’t understand why there was all of this finance talk.
by Longdog
Sat Jan 06, 2018 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank 11 month [No-Penalty CD]
Replies: 382
Views: 30994

Re: Ally Bank 11 month [No-Penalty CD]

Kevin, with the national muni MM fund, what is the risk of loss due to rising market interest rates (assuming they do rise even if the slope is small)? A money market fund typically won't have any losses when rates rise, since the charter of a money market fund is to maintain a stable value of $1.0...
by Longdog
Wed Jan 03, 2018 9:35 am
Forum: Investing - Theory, News & General
Topic: Why the Roth IRA Bias?
Replies: 133
Views: 28890

Re: Why the Roth IRA Bias?

I think the end game is to get as much in a Roth as possible, but the path to getting to that point is either to contribute initially to a Roth if you are in a low tax bracket or to contribute to pre-tax accounts initially if you are in a high tax bracket, then to eventually convert to Roth if you f...
by Longdog
Tue Jan 02, 2018 8:04 pm
Forum: Investing - Help with Personal Investments
Topic: Value of Mega Backdoor Roth IRA
Replies: 5
Views: 774

Re: Value of Mega Backdoor Roth IRA

For me, it wouldn't be a primary consideration, though it is very nice and I wish my company offered it. All other things being equal go with the company that offers it. But all other things are rarely equal!
by Longdog
Tue Jan 02, 2018 5:17 am
Forum: Investing - Theory, News & General
Topic: Roth Conversions without ability to Recharacterize
Replies: 45
Views: 2409

Re: Roth Conversions without ability to Recharacterize

I think mine will be reasonably predictable so I will probably split my conversion into a large one early in the year and a smaller one late in the year. If one's situation was less certain waiting until late in the year makes sense. I'm still new to conversions but why would you convert anything a...
by Longdog
Mon Jan 01, 2018 6:01 pm
Forum: Investing - Help with Personal Investments
Topic: Plans in case FIFO requirement is revived
Replies: 8
Views: 515

Re: Plans in case FIFO requirement is revived

Maybe convert the low cost basis shares to the ETF share class VTI. So you’d have low cost basis shares of VTI and higher cost basis shares of VTSAX.
by Longdog
Mon Jan 01, 2018 5:10 am
Forum: Investing - Help with Personal Investments
Topic: Placing an order to buy VTSAX, at what price will the transaction be executed?
Replies: 21
Views: 1308

Re: Placing an order to buy VTSAX, at what price will the transaction be executed?

Thanks, everyone! :beer I'll place the order (and monitor for VTI on tuesday, just in case...) Once you've placed the order to purchase a mutual fund with Vanguard (pressed 'submit'), there's no opportunity to rescind the order. You can certainly monitor for VTI on Tuesday, but if you've already pl...
by Longdog
Sun Dec 31, 2017 8:17 pm
Forum: Investing - Help with Personal Investments
Topic: Placing an order to buy VTSAX, at what price will the transaction be executed?
Replies: 21
Views: 1308

Re: Placing an order to buy VTSAX, at what price will the transaction be executed?

Thanks, everyone! :beer I'll place the order (and monitor for VTI on tuesday, just in case...) Once you've placed the order to purchase a mutual fund with Vanguard (pressed 'submit'), there's no opportunity to rescind the order. You can certainly monitor for VTI on Tuesday, but if you've already pl...
by Longdog
Sun Dec 31, 2017 7:30 am
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion - Break Even Calculation - How do you do it?
Replies: 27
Views: 2023

Re: Roth Conversion - Break Even Calculation -

I don't think there is one simple formula. Most assume that you"'ll withdraw from the Roth on a similar basis as the traditional account. Is it big enough to change the tax status of SS? Will you need RMDs or will this be passed to heirs? If you can defer RMDs and plan to pass the account to heirs,...
by Longdog
Thu Dec 28, 2017 8:53 am
Forum: Personal Finance (Not Investing)
Topic: New Tax Bill -- Should we open a Donor Advised Fund (DAF) before the end of the year?
Replies: 67
Views: 2785

Re: New Tax Bill -- Should we open a Donor Advised Fund (DAF) before the end of the year?

Opening a DAF at the same place you hold assets is probably the only way to make it happen on time.... though you can move it later. I opened a Vanguard DAF with 10 years worth of planned giving (might grant quicker...) but will move it to Fidelity when the staff is less crazy busy, since Fidelity ...
by Longdog
Wed Dec 27, 2017 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Estate Tax and early gifting inheritance question
Replies: 3
Views: 242

Re: Estate Tax and early gifting inheritance question

If it is just her, she will need to file a gift tax return since the amount is above the annual gift exclusion amount of $15,000. That does NOT mean that she will owe taxes - she won't. But she's still required to file it. And yes, with that amount she will not be subject to eventual estate taxes. T...
by Longdog
Tue Dec 26, 2017 10:00 am
Forum: Investing - Help with Personal Investments
Topic: Problem donating VTSAX shares to Schwab Charitable
Replies: 19
Views: 903

Re: Problem donating VTSAX shares to Schwab Charitable

I have a Fidelity DAF and mutual funds and ETFs at Vanguard. I have never been able to "push" securities from my Vanguard taxable account to my Fidelity DAF. I've called Vanguard numerous times and get told every time that Fidelity Charitable must "pull". That has been my experience as well with Fi...
by Longdog
Mon Dec 25, 2017 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Tax Questions 2017 (Not all the crazy new stuff)
Replies: 16
Views: 1398

Re: Tax Questions 2017 (Not all the crazy new stuff)

Medical/dental premiums are only deductible to the extent they exceed 10% of your AGI. The tax bill reduced this to 7.5% for 2017 and 2018. For insurance premiums as well as medical expenses? Are you sure? SEC. 11027. TEMPORARY REDUCTION IN MEDICAL EXPENSE DEDUCTION FLOOR. (a) In General.--Subsecti...
by Longdog
Mon Dec 25, 2017 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Tax Questions 2017 (Not all the crazy new stuff)
Replies: 16
Views: 1398

Re: Tax Questions 2017 (Not all the crazy new stuff)

Yes the first 4 deduction items are straight off the paycheck. 401k/403b/FSA/ Premiums . The rest are itemizations and the medical does not double include premiums and only includes the portion over 7.5%. This still doesn’t seem likely to get me to 110k if the Charity, medical expenses, preoperty t...
by Longdog
Mon Dec 25, 2017 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Tax Questions 2017 (Not all the crazy new stuff)
Replies: 16
Views: 1398

Re: Tax Questions 2017 (Not all the crazy new stuff)

jebmke wrote:
Mon Dec 25, 2017 8:08 am
Longdog wrote:
Mon Dec 25, 2017 7:11 am
Medical/dental premiums are only deductible to the extent they exceed 10% of your AGI.
The tax bill reduced this to 7.5% for 2017 and 2018.
For insurance premiums as well as medical expenses? Are you sure?
by Longdog
Mon Dec 25, 2017 7:11 am
Forum: Personal Finance (Not Investing)
Topic: Tax Questions 2017 (Not all the crazy new stuff)
Replies: 16
Views: 1398

Re: Tax Questions 2017 (Not all the crazy new stuff)

Medical/dental premiums are only deductible to the extent they exceed 10% of your AGI.
by Longdog
Sat Dec 23, 2017 1:19 pm
Forum: Investing - Theory, News & General
Topic: Standard deduction tax question
Replies: 9
Views: 1659

Re: Standard deduction tax question

Look at the "stack" in about the middle of this link. http://www.moneychimp.com/features/tax_brackets.htm The interest income is ordinary income and sits on the bottom of the stack, under the qualified dividends. The standard deduction will apply against the ordinary income first and then some of y...
by Longdog
Sat Dec 23, 2017 1:04 pm
Forum: Investing - Theory, News & General
Topic: Standard deduction tax question
Replies: 9
Views: 1659

Standard deduction tax question

I am doing some tax planning for my eventual retirement, tailored to my situation, and have a question about how the deduction gets applied against taxable unearned income. Specifically, and to simplify the issue, if you have nothing other than a mix of taxable interest income (taxed at your margina...
by Longdog
Sat Dec 23, 2017 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: Donor Advised Fund costs
Replies: 45
Views: 2725

Re: Donor Advised Fund costs

That requires a certain level of expertise and administrative overhead, and also provides a great deal of convenience over the donor making a bunch of individual donations when using appreciated securities. The Fidelity minimums are quite low, much lower than Vanguard. I suspect where Fidelity make...
by Longdog
Tue Dec 19, 2017 2:56 pm
Forum: Investing - Theory, News & General
Topic: Who missed out on maximizing 401k?
Replies: 62
Views: 5704

Re: Who missed out on maximizing 401k?

No doubt you will regret this oversight for the rest of your life. Or at least every time, in retirement, you have an unexpected $20 expense. :) I created a spreadsheet that allows me to adjust my contribution amounts through the year, to adjust for my raise and the variable amount of quarterly bonu...
by Longdog
Tue Dec 19, 2017 7:57 am
Forum: Investing - Theory, News & General
Topic: Vanguard year end distributions - updated estimates
Replies: 75
Views: 10313

Re: Vanguard year end distributions - updated estimates

InvestorNewb wrote:
Tue Dec 19, 2017 7:39 am
It's December 19th and I don't see the amounts posted for the ETFs.
They won't be posted until after they are formally declared. Most likely won't show up online until the ex-dividend date for each ETF.
by Longdog
Tue Dec 19, 2017 7:55 am
Forum: Investing - Theory, News & General
Topic: Vanguard year end distributions - updated estimates
Replies: 75
Views: 10313

Re: Vanguard year end distributions - updated estimates

livesoft wrote:
Mon Dec 18, 2017 6:17 pm
Yes, I have a very good idea, but the thread will get locked if I tell you.
Will you likely be able to tell us tomorrow (Wednesday, Dec. 20), or perhaps right after Christmas without fear of getting locked?
by Longdog
Sun Dec 17, 2017 5:37 am
Forum: Investing - Help with Personal Investments
Topic: too much $ in my company of work?
Replies: 51
Views: 4108

Re: too much $ in my company of work?

If those RSUs are not vested, they really shouldn’t be counted. They have no current value. The old adage, “don’t count your chickens before they’ve hatched” comes to mind. If they have vested, then they are no longer RSUs, they are simply shares of stock. Which is it? At a minimum, I would recommen...
by Longdog
Sat Dec 16, 2017 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Prepayment of SALT Taxes? [State and Local]
Replies: 270
Views: 23457

Re: be careful, no longer allowed to prepay local and state taxes for a deduction

OK, I am confused. The first link says you can't prepay this year and deduct against your 2018 taxes. But if I pre-pay this year, I would deduct on my 2017 taxes. I wonder if the writer was considering taxes for 2017 filed in 2018 as "2018 taxes". The second link doesn't mention 2018 specifically. ...
by Longdog
Fri Dec 15, 2017 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Worth it financially to trade my Tesla Model S for a Model 3? Got my configuration invite
Replies: 34
Views: 2452

Re: Worth it financially to trade my Tesla Model S for a Model 3? Got my configuration invite

No offense, but I don’t believe you when you say your goal is to save money. If you really believe that then you either don’t understand depreciating assets, or you do and you’re just trying to rationalize a luxury purchase. To save money, get a Honda or Toyota or Kia. Both options will cost you mo...
by Longdog
Fri Dec 15, 2017 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Worth it financially to trade my Tesla Model S for a Model 3? Got my configuration invite
Replies: 34
Views: 2452

Re: Worth it financially to trade my Tesla Model S for a Model 3? Got my configuration invite

No offense, but I don’t believe you when you say your goal is to save money. If you really believe that then you either don’t understand depreciating assets, or you do and you’re just trying to rationalize a luxury purchase. To save money, get a Honda or Toyota or Kia. Both options will cost you mon...
by Longdog
Fri Dec 15, 2017 8:15 am
Forum: Personal Consumer Issues
Topic: How to deal with Micro-manager
Replies: 42
Views: 3749

Re: How to deal with Micro-manager

To supplement the excellent suggestions about creating background noise, smear some vaseline on the camera lens or put a mirror angled 45 degrees in front of it.
by Longdog
Wed Dec 13, 2017 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Sinking fund for dream cars
Replies: 23
Views: 1674

Re: Sinking fund for dream cars

That would mean we'd have 2 20 year old vehicles in 2034/2035. My dream vehicle is the Toyota Landcruiser. I also want to get my wife a Lexus ES 350 at that time. Should we just start sinking funds right now for those vehicles? Or is the Landcruiser just too expensive to even consider, regardless o...
by Longdog
Wed Dec 13, 2017 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Ally Bank 11 month [No-Penalty CD]
Replies: 382
Views: 30994

Re: Ally Bank 1.25% 11 month with no EWP

jst wrote:
Wed Dec 13, 2017 9:27 am
Looks like they're up to 1.6% for the 11 month, no penalty, $25,000+ variety.

I have some CDs maturing in a few weeks, and I'll probably convert over to these.
Plus you'll get the 0.05% kicker if you roll them into the new CDs.
by Longdog
Wed Dec 13, 2017 9:27 am
Forum: Investing - Help with Personal Investments
Topic: Prepayment of Property Taxes with Escrow
Replies: 9
Views: 644

Re: Prepayment of Property Taxes with Escrow

Does anyone know what would happen if I prepaid my property taxes directly to the tax collector before year end on a property that also utilizes an escrow to collect and pay? The escrow won't pay until February, but if I pay early will the escrow administrator catch it and not double-pay? If so I i...
by Longdog
Mon Dec 11, 2017 5:11 am
Forum: Investing - Help with Personal Investments
Topic: No transaction fee for Vanguard ETFs?
Replies: 21
Views: 1388

Re: No transaction fee for Vanguard ETFs?

There are some minor differences between the two. For example, you can easily set up automatic purchases into mutual funds, but not ETFs - for those you need to actively make the purchase, either a market order or limit order. With mutual funds, you always get the price at the end of the day; with E...
by Longdog
Sun Dec 10, 2017 4:50 pm
Forum: Investing - Help with Personal Investments
Topic: Early Retirement Roth Conversion vs Healthcare Subsidies
Replies: 15
Views: 1241

Re: Early Retirement Roth Conversion vs Healthcare Subsidies

aristotelian wrote:
Thu Dec 07, 2017 9:38 pm
I would have to do some back of the napkin calculations
Do napkins really have a front and a back?
by Longdog
Sun Dec 10, 2017 3:54 pm
Forum: Investing - Theory, News & General
Topic: Buying index funds is just as speculative as buying Bitcoin
Replies: 64
Views: 4205

Re: Buying index funds is just as speculative as buying Bitcoin

agottem wrote:
Sun Dec 10, 2017 2:57 pm
I see a lot of talk calling bitcoin a bubble. This is my alternative perspective on the situation. I believe in bitcoin as a technology. I believe in bitcoin as a currency. And I believe in bitcoin as a store of my wealth.
In that case, you should put all of your money in bitcoin.
by Longdog
Thu Dec 07, 2017 5:18 am
Forum: Personal Finance (Not Investing)
Topic: Friend buys a lot of stuff because he want's to reduce his tax liability. Is this thinking flawed?
Replies: 47
Views: 4217

Re: Friend buys a lot of stuff because he want's to reduce his tax liability. Is this thinking flawed?

From what you’ve written, your friend is a financial mess as a result of a lifetime of bad decisions. He has zero credibility on financial matters. I agree with others who’ve said he is likely a hoarder.
by Longdog
Sat Dec 02, 2017 4:23 pm
Forum: Investing - Help with Personal Investments
Topic: Any reason not to exit muni bonds now?
Replies: 8
Views: 1108

Re: Any reason not to exit muni bonds now?

I am very curious what your current marginal tax rate is now and what you expect it to be.
by Longdog
Sat Nov 25, 2017 6:43 pm
Forum: Investing - Help with Personal Investments
Topic: Donor Advised Fund costs
Replies: 45
Views: 2725

Re: Donor Advised Fund costs

In general, the math on doing multiple years of donations to a DAF work best when your tax rate in future years is measurably lower than the rate in the donation year. There are other good reasons to use DAFs and in some specific cases, even if there is no tax rate arbitrage it may make sense. But ...
by Longdog
Sat Nov 25, 2017 5:16 pm
Forum: Investing - Help with Personal Investments
Topic: Donor Advised Fund costs
Replies: 45
Views: 2725

Donor Advised Fund costs

Like others on this board, and I'm sure for the same reason, I am considering funding a donor advised fund before the end of this year with several years of expected donations using highly appreciated shares of stock I've managed to accumulate over the years. I am considering Fidelity Charitable, fo...
by Longdog
Fri Nov 24, 2017 5:12 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Screwed Up My Cost Basis - FIFO Instead of Spec ID
Replies: 12
Views: 1586

Re: Vanguard Screwed Up My Cost Basis - FIFO Instead of Spec ID

It has happened to me several times when selling stocks from my brokerage account. I have always contacted them and they have always corrected the error, after validating the original order (which was always online). Most of the time I contacted them within a few days; once it was several months lat...
by Longdog
Sun Nov 19, 2017 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: MegaCorp Equity.....income or savings?
Replies: 6
Views: 542

Re: MegaCorp Equity.....income or savings?

I count the vested RSU value (before taxes) as income since it is counted as W2 income, and the net proceeds as savings, assuming you don’t cash them in and spend the proceeds. I don’t count vested options as either until they’re exercised.
by Longdog
Fri Nov 17, 2017 9:29 am
Forum: Investing - Theory, News & General
Topic: Anti-Index Fund Arguments - Help staying the course.
Replies: 19
Views: 2639

Re: Anti-Index Fund Arguments - Help staying the course.

Index Funds Buy High/Sell Low Detractors of index investing suggest that index funds do the opposite of a winning strategy. Index funds must sell companies that leave the index, presumably when the stock price has lowered by a significant amount. Conversely, index funds buy companies that are newly...
by Longdog
Mon Nov 13, 2017 1:03 pm
Forum: Personal Consumer Issues
Topic: Did you want to set up a payment plan for that?
Replies: 19
Views: 2527

Re: Did you want to set up a payment plan for that?

I pay “cash” on a credit card that doubles the manufacturer warranty. On an iPhone that gives me two years of coverage. In the past, I’ve had minor problems with the screen that I had repaired before the doubled period was over, and got reimbursed for the repair. Definitely a much better deal than 0...
by Longdog
Sat Nov 11, 2017 4:10 pm
Forum: Investing - Theory, News & General
Topic: Total Stock Market replication divided into dividend/non-dividend sub components
Replies: 5
Views: 775

Re: Total Stock Market replication divided into dividend/non-dividend sub components

If you have equities in both taxable and Roth, it would be more tax efficient to put the non-dividend paying equities in taxable, and dividend paying equities in the Roth, in appropriate proportions to the Total Stock Market fund. Equal exposure to equities in your portfolio, but less taxes owed.
by Longdog
Sat Nov 11, 2017 2:41 pm
Forum: Investing - Theory, News & General
Topic: Total Stock Market replication divided into dividend/non-dividend sub components
Replies: 5
Views: 775

Total Stock Market replication divided into dividend/non-dividend sub components

Similar to how the S&P500 Index plus Extended Market Index equals Total Stock Market Index, are there Vanguard funds that divide Total Stock Market into dividend paying and non-dividend-paying stock funds? Someone suggested Growth Index plus Value Index, and while they likely approximate it, I don’t...