Search found 796 matches

by Longdog
Tue May 16, 2017 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Privacy vs $$$$
Replies: 23
Views: 2207

Re: Privacy vs $$$$

You are not the only one. I keep telling my friends I think Big Data is evil. It is so intrusive and you lose control of your important information. Sometimes I'm more annoyed than others. And sometimes I'm even okay with it, if it's a store or vendor I frequent a lot and really enjoy. And if there'...
by Longdog
Fri May 12, 2017 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: Division of Assets A/B trust: am I entitled to see POD proof?
Replies: 26
Views: 2266

Re: Division of Assets A/B trust: am I entitled to see POD proof?

I'm only speculating, but it sounds like there are multiple types of accounts in play. If you are a trustee then you are of course entitled to see the trust documents and account information for accounts titled to the trust. That doesn't mean everything is titled that way, and likely accounts with P...
by Longdog
Tue May 09, 2017 4:45 pm
Forum: Investing - Help with Personal Investments
Topic: Transfer IBond in Treasury Direct
Replies: 7
Views: 710

Re: Transfer IBond in Treasury Direct

Are you sure you can do a direct transfer from one TD account to another? Would it be a gift to the new owner or a sale to the new owner?
by Longdog
Tue May 09, 2017 4:22 am
Forum: Investing - Help with Personal Investments
Topic: small change left over in IRA from backdoor conversion--what should I do
Replies: 7
Views: 575

Re: small change left over in IRA from backdoor conversion--what should I do

Convert the remaining amount to the same Roth IRA as before. Or don't, and pick it up next year when you do your next backdoor Roth. Not a big deal either way. If you do nothing, there is no current year tax impact.
by Longdog
Sun May 07, 2017 4:30 pm
Forum: Investing - Theory, News & General
Topic: Are etfs riskier than their corresponding mutual funds ?
Replies: 13
Views: 881

Re: Are etfs riskier than their corresponding mutual funds ?

Both an ETF and its corresponding mutual fund are baskets of the identical set of stocks in identical proportions. Any difference in risk between them is miniscule and "in the noise." I think if Bogle or Buffet preferred one over the other it wouldn't be because of their investment value -...
by Longdog
Fri May 05, 2017 4:15 am
Forum: Investing - Help with Personal Investments
Topic: What to do with inheritance
Replies: 37
Views: 3412

Re: What to do with inheritance

Thank you everyone for such practical and thoughtful advice. I'm sure it is obvious that I am just getting my feet wet in this area. I will not be making any investment decisions for at least 6 months with the exception of student loans. I will notify ML to stop all trading. While I'm learning I wi...
by Longdog
Thu May 04, 2017 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: Do you know exactly what % of income you spend?
Replies: 48
Views: 3438

Re: Do you know exactly what % of income you spend?

I confess that I don't see your rationale regarding donations and premiums. I realize that others define expenses differently. For instance, I was intrigued by the idea of the portion of the monthly mortgage that goes to principal as a "non-expense." I assume because it is a type of savin...
by Longdog
Thu May 04, 2017 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Do you know exactly what % of income you spend?
Replies: 48
Views: 3438

Re: Do you know exactly what % of income you spend?

My definition: Gross income minus (income taxes + payroll taxes + savings) = expenses Using that definition, expenses equal 2/3's of gross income. Thanks, Quicken! I also subtract out charitable donations and health insurance premiums. Doing that yields expenses of approximately 25% of gross. Almos...
by Longdog
Thu May 04, 2017 4:01 am
Forum: Personal Finance (Not Investing)
Topic: Do you know exactly what % of income you spend?
Replies: 48
Views: 3438

Re: Do you know exactly what % of income you spend?

My definition: Gross income minus (income taxes + payroll taxes + savings) = expenses Using that definition, expenses equal 2/3's of gross income. Thanks, Quicken! I also subtract out charitable donations and health insurance premiums. Doing that yields expenses of approximately 25% of gross. Almos...
by Longdog
Wed May 03, 2017 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Do you know exactly what % of income you spend?
Replies: 48
Views: 3438

Re: Do you know exactly what % of income you spend?

My definition: Gross income minus (income taxes + payroll taxes + savings) = expenses Using that definition, expenses equal 2/3's of gross income. Thanks, Quicken! I also subtract out charitable donations and health insurance premiums. Doing that yields expenses of approximately 25% of gross. Almos...
by Longdog
Tue May 02, 2017 5:49 am
Forum: Investing - Theory, News & General
Topic: Buying CDs each month for decades
Replies: 13
Views: 2603

Re: Buying CDs each month for decades

Say that a saver purchases a $1,000 Brokered CD each month (each with a five year term, for example). This investor buys the very first 5-year CD for $1K in May 2017, another in June 2017, July 2017, August 2017... on and on until April 2022. In May 2022 the first $1K CD matures and (along with a n...
by Longdog
Sun Apr 30, 2017 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Renters Insurance
Replies: 3
Views: 480

Re: Renters Insurance

Whether you should get an umbrella policy depends mostly on what your assets are, but also your likelihood of being sued for significant amounts of money. If have significant assets, are a public figure or a doctor, then yes you probably should because you are more likely to get sued for significant...
by Longdog
Mon Apr 24, 2017 7:22 pm
Forum: Investing - Help with Personal Investments
Topic: Inherited individual corporate bonds: hold to maturity?
Replies: 13
Views: 1971

Re: Inherited individual corporate bonds: hold to maturity?

I guess I'm really asking if there's any action one needs to take at bond maturity time or if it's just automatic. It's automatic. If you hold them with Vanguard, they will send you an email about 2-4 weeks prior to maturity to let you know it is scheduled to mature. The only question is what you w...
by Longdog
Sun Apr 23, 2017 6:35 am
Forum: Personal Finance (Not Investing)
Topic: Any regrets living a frugal life for high income/high networth individuals?
Replies: 170
Views: 19777

Re: Any regrets living a frugal life for high income/high networth individuals?

The thing that spendthrifts often don't get is that it is not a matter of denial when we BH's live frugally. It is just that buying a bunch of "stuff" doesn't bring real happiness. I have a brother-in-law who always says "life is short, you could get hit by a bus tomorrow". Ummm...
by Longdog
Sun Apr 23, 2017 4:42 am
Forum: Personal Finance (Not Investing)
Topic: Any regrets living a frugal life for high income/high networth individuals?
Replies: 170
Views: 19777

Re: Any regrets living a frugal life for high income/high networth individuals?

We could spend more on vacations but we have difficulty getting away for long because of elderly relatives that need minding. I don't wash them often because they get dirty just going down the driveway. I would think for general health and hygiene reasons you should wash them daily - even if they d...
by Longdog
Wed Apr 19, 2017 4:16 am
Forum: Personal Consumer Issues
Topic: How to make best use of lunch with the company president/CEO?
Replies: 55
Views: 5388

Re: How to make best use of lunch with the company president/CEO?

Think about if there is anything about the company you would like to see improved. Think about a constructive suggestion to achieve that goal, and politely offer it up to the CEO at lunch. Temper your expectations, though.
by Longdog
Wed Apr 19, 2017 4:03 am
Forum: Personal Finance (Not Investing)
Topic: Stock option exercisability question
Replies: 19
Views: 1202

Re: Stock option exercisability question

I always thought the term "vesting" means you have an unforfeitable right to something, such as 401k match, RSUs, or stock options. If that isn't the case here, I wouldn't really think they are vested. Is it possible that the exercise date you mention is actually the expiration date of the...
by Longdog
Mon Apr 17, 2017 1:44 pm
Forum: Personal Consumer Issues
Topic: If a doctor takes your insurance, must they accept the negotiated rate?
Replies: 62
Views: 4858

Re: If a doctor takes your insurance, must they accept the negotiated rate?

I'd review the SPD of the insurance policy and/or call the insurance company to find out. But it sure does seem suspicious to me too - what's the point of being in-network if they aren't going to abide by the terms of the insurance coverage?
by Longdog
Sun Apr 16, 2017 11:17 am
Forum: Personal Finance (Not Investing)
Topic: When need and want take different paths.......
Replies: 30
Views: 2347

Re: When need and want take different paths.......

I would probably wait one month before pulling the trigger, to make sure it was really what I wanted. The 30 day rule has saved me from several bad decisions... And in that 30 days, think about whether you expect that every time you get into your fancy, frivolous car it will put a smile on your fac...
by Longdog
Sat Apr 15, 2017 8:58 am
Forum: Personal Finance (Not Investing)
Topic: What constitutes "a lot" of money?
Replies: 81
Views: 11310

Re: What constitutes "a lot" of money?

Do (or should) the daily dollar gyrations of your portfolio affect your view of how much money is "a lot." For example, if you had a million dollar 50/50 portfolio that on any given day could be up or down by, say, $5,000, would you view $5,000 as a dollar amount you'd be comfortable spen...
by Longdog
Fri Apr 14, 2017 4:44 am
Forum: Personal Finance (Not Investing)
Topic: What constitutes "a lot" of money?
Replies: 81
Views: 11310

What constitutes "a lot" of money?

Do (or should) the daily dollar gyrations of your portfolio affect your view of how much money is "a lot." For example, if you had a million dollar 50/50 portfolio that on any given day could be up or down by, say, $5,000, would you view $5,000 as a dollar amount you'd be comfortable spend...
by Longdog
Mon Apr 10, 2017 5:57 am
Forum: Investing - Theory, News & General
Topic: How to TLH in Real LIfe
Replies: 38
Views: 2819

Re: How to TLH in Real LIfe

Barefootgirl wrote:I am maxing my 401K plus Catch Up contributions plus full HSA and an FSA....still need to get lower...


Increase charitable contributions! Better yet, donate highly appreciated securities and purchase an equivalent dollar amount in the stock portion of your portfolio.
by Longdog
Sun Apr 09, 2017 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Should I Pay some Estimated Taxes?
Replies: 14
Views: 1421

Re: Should I Pay some Estimated Taxes?

I am seeking advice on whether I should pay one estimated tax payment this year (4/17/17). I did some partial Roth conversions in the first quarter of 2017. Then in March I started monthly tIRA payments (to me) with enough withholding taxes to cover both the Roth conversions and the tIRA payments f...
by Longdog
Mon Apr 03, 2017 5:41 pm
Forum: Investing - Theory, News & General
Topic: Problem with Vanguard's CD-Bond Search Page [TIPS]
Replies: 6
Views: 644

Re: Problem with Vanguard's CD-Bond Search Page [TIPS]

I don't think Vanguard classifies the bonds they offer. They use a third party service to handle bond inventory. I bet you'd find the same misclassification at other brokerage firms.
by Longdog
Sat Apr 01, 2017 7:21 pm
Forum: Investing - Help with Personal Investments
Topic: Dividend Stock In Roth
Replies: 5
Views: 564

Re: Dividend Stock In Roth

livesoft wrote:I don't like to lose money in my Roth because there is no tax loss harvesting in Roth accounts.


Does that mean you would advocate putting mostly taxable bonds/bond funds or CDs in Roth accounts?
by Longdog
Fri Mar 31, 2017 9:45 am
Forum: Investing - Help with Personal Investments
Topic: municipal bond funds
Replies: 2
Views: 336

Re: municipal bond funds

It might be good for some; not so good for others. Depends on your personal situation and what your goals are.
by Longdog
Thu Mar 30, 2017 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Should I do a conversion from IRA to Roth IRA
Replies: 10
Views: 680

Re: Should I do a conversion from IRA to Roth IRA

Yes, you should convert up to the top of the 15% bracket, if that's a lower bracket than it would be if you took it out while taking social security.
by Longdog
Mon Mar 27, 2017 7:39 am
Forum: Investing - Help with Personal Investments
Topic: Transfer-In-Kind: Cost Basis Considerations for Non-Covered Shares
Replies: 20
Views: 1029

Re: Transfer-In-Kind: Cost Basis Considerations for Non-Covered Shares

The portfolio in question would be currently in Morgan Stanley. Most assets in individual stocks, with cost basis unknown without a fair amount of research. My question: If I were to call up Vanguard to set up a transfer-in-kind to move the whole lot there, would cost basis determination fall to th...
by Longdog
Sun Mar 26, 2017 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Revokable Living Trust without telling the executor & beneficiary(s)?
Replies: 22
Views: 1516

Re: Revocable Living Trust without telling the executor & beneficiary(s)?

In a revocable living trust that you set up, you will be the original trustee. This is only one form of a RLT, sometimes known as a self declaration of trust. It is very common to have a RLT with a third party such as a trust company being the original trustee which continues on as trustee after th...
by Longdog
Sat Mar 25, 2017 3:21 pm
Forum: Personal Consumer Issues
Topic: Buying Sunglasses
Replies: 44
Views: 4733

Re: Buying Sunglasses

Sheepdog ...what are greem lenses? Did you mean green? Where do people buy sunglasses on line; I mean the most reliable places. I have used ZenniOptical. You folks are correct, I am not asking for medical advice, however do glasses come in various color densities that are standard? I mean really da...
by Longdog
Sat Mar 25, 2017 6:58 am
Forum: Personal Consumer Issues
Topic: My TrueCar buying experience
Replies: 23
Views: 4219

Re: My TrueCar buying experience

It sounds like you did quite a bit of leg work on your own. I think the purpose of Truecar and similar services is to avoid such effort and still get a decent price. Frankly I think it's nonsense - nobody looks after your best interest better than you, and if you're the type of person who will call ...
by Longdog
Sat Mar 25, 2017 6:37 am
Forum: Personal Finance (Not Investing)
Topic: Revokable Living Trust without telling the executor & beneficiary(s)?
Replies: 22
Views: 1516

Re: Revokable Living Trust without telling the executor & beneficiary(s)?

You are using the term "executor" incorrectly. With a trust, there are one or more trustees who manage the trust. In a revocable living trust that you set up, you will be the original trustee. You should name a successor trustee (not an executor) in your trust documents to take over in cas...
by Longdog
Tue Mar 21, 2017 5:38 pm
Forum: Investing - Help with Personal Investments
Topic: Back Door Roth
Replies: 4
Views: 250

Re: Back Door Roth

So, since I contributed over $5500 to the tIRA this year (for 2017), and converted only $5100 so far via back door. I need to have VG remove $600 out of the $1000? Sorry to be so thick I am just a little confused. Thanks. There are contributions and conversions- two different things. You are limite...
by Longdog
Tue Mar 14, 2017 6:30 am
Forum: Personal Finance (Not Investing)
Topic: How to get out of a concentrated stock option position?
Replies: 21
Views: 1736

Re: How to get out of a concentrated stock option position?

Lowest cost shares have "more to lose" and higher cost shares have "more to gain" (ie. higher leveraged), so I always sell the lower cost shares first. (They also tend to be the oldest and soonest to expire.) Also, with significant price appreciation, the lowest cost shares star...
by Longdog
Sun Mar 12, 2017 8:29 am
Forum: Investing - Help with Personal Investments
Topic: basic price questions about Zero Coupon Municipal Bonds
Replies: 12
Views: 566

Re: basic price questions about Zero Coupon Municipal Bonds

Can anyone explain why 2 Puerto Rico Zero Bonds I sweated out holding to maturity last year, Vanguard has send me a revised 1099 showing a capital gain? Cusips are 745190AT5 and 745145gm8 I have had many zero municipal bonds bought on the secondary market in the past, and they have always shown pro...
by Longdog
Sat Mar 11, 2017 9:45 am
Forum: Investing - Help with Personal Investments
Topic: basic price questions about Zero Coupon Municipal Bonds
Replies: 12
Views: 566

Re: basic price questions about Zero Coupon Municipal Bonds

Hello. I'm interested in a few zero-coupon municipal bonds but don't know some basics. What I do know about zero-coupon munis is that I won't receive any interest payments until maturity. What I don't understand is the pricing. For example: There is a zero-coupon muni available on the secondary mar...
by Longdog
Tue Mar 07, 2017 10:23 am
Forum: Investing - Help with Personal Investments
Topic: Municipal Bonds Question
Replies: 29
Views: 2899

Re: Municipal Bonds Question

Hopefully the OP has amortized the premium on the taxable BAB Nassau County bond. I have done nothing with the bond but pay the tax on whatever income shows up on the tax form. What benefit do I get for amortizing the premium and can I do it now having not done it before? I will read the link befor...
by Longdog
Mon Mar 06, 2017 8:07 pm
Forum: Personal Consumer Issues
Topic: "Purchasing" someone's auto lease, short term
Replies: 5
Views: 500

Re: "Purchasing" someone's auto lease, short term

Jack FFR1846 wrote:Only if the Focus is a manual. Reliability on the dual clutch automatic is worse than "1985 Yugo GVinsert any vehicle ever made here".


:sharebeer
by Longdog
Sun Mar 05, 2017 9:04 am
Forum: Investing - Help with Personal Investments
Topic: Municipal Bonds Question
Replies: 29
Views: 2899

Re: Municipal Bonds Question

I'm very comfortable with my fixed income allocation. Most of that is in funds but these investments were outliers so I wanted to check on them. I guess it was good to buy Munis in 2011. I don't see similar coupons currently. On an individual bond, it's not so much the coupon that matters, but the ...
by Longdog
Sun Mar 05, 2017 9:03 am
Forum: Investing - Help with Personal Investments
Topic: Municipal Bonds Question
Replies: 29
Views: 2899

Re: Municipal Bonds Question

I like the idea of learning through experimentation but there are a couple of investment tenets which we should all abide by without exception. The first is never to buy something you don't understand. So going forward, hopefully you've learned that. I agree with you, doc. On a positive note, the t...
by Longdog
Sun Mar 05, 2017 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Questions for Parents' Executor to Ask Beforehand?
Replies: 8
Views: 813

Re: Questions for Parents' Executor to Ask Beforehand?

I have been asked by my parents (both currently in their late 70s) to be the executor of their estate. They live in a different state—Maryland--(but only a few hours away from me), if that matters. I have not seen the will. I am willing to be the executor. I have been the executor of my wife’s esta...
by Longdog
Fri Mar 03, 2017 8:23 pm
Forum: Investing - Help with Personal Investments
Topic: Municipal Bonds Question
Replies: 29
Views: 2899

Re: Municipal Bonds Question

I think a GO A-rates mini bond is a lot safer than an individual stock. I understand better the suggestion to sell since the gains are going to disappear as time goes on. I didn't buy them for the gain however, just the coupon. So I need to think on that. Think about it this way: they represent a p...
by Longdog
Fri Mar 03, 2017 5:20 pm
Forum: Investing - Help with Personal Investments
Topic: Municipal Bonds Question
Replies: 29
Views: 2899

Re: Municipal Bonds Question

Both look like highly rated bonds - the New York GO one even more so. They are actually trading higher than what you said, based on recent transactions. Expect the Nassau County one to be called October 1, 2020; expect the New York GO to be called on February 15,2021. It's possible that they won't b...
by Longdog
Fri Mar 03, 2017 10:48 am
Forum: Investing - Help with Personal Investments
Topic: Brokerage only option at Vg?
Replies: 10
Views: 680

Re: Brokerage only option at Vg?

There have been a lot of threads on this. They are merging brokerage and mutual fund accounts. Does not seem to affect the services in any way. Actually, there are specific services not available in brokerage accounts that are available in mutual fund axcounts. They include automatic exchanges, the...
by Longdog
Wed Mar 01, 2017 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Taxes going up for some in 2017
Replies: 46
Views: 5298

Re: Social Security Taxes going up for some in 2017

This is probably a mechanical adjustment based on the way the Social Security taxes work. Exactly; so, it is not a tax increase because it is continuing implementation of existing law. It is, however, an increase in your liability. Sorry, I'm missing something. This appears to be a distinction with...
by Longdog
Wed Mar 01, 2017 6:27 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Taxes going up for some in 2017
Replies: 46
Views: 5298

Re: Social Security Taxes going up for some in 2017

This is probably a mechanical adjustment based on the way the Social Security taxes work. Exactly; so, it is not a tax increase because it is continuing implementation of existing law. It is, however, an increase in your liability. Sorry, I'm missing something. This appears to be a distinction with...
by Longdog
Mon Feb 27, 2017 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Ending a special needs trust.
Replies: 10
Views: 1269

Re: Ending a special needs trust.

I'm considering ending my trust it's nothing like my attorney said. Only reason I agreed was to keep medical coverage. I been sitting in a nursing home a filthy on at that due to my stroke. I do pretty much everything for myself again been waiting 2 yrs for agency to find a apt for electric scooter...
by Longdog
Sun Feb 19, 2017 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: W-4 Allowances Beginner Question
Replies: 3
Views: 454

Re: W-4 Allowances Beginner Question

Why wouldn't you go with the calculation?
by Longdog
Fri Feb 17, 2017 3:29 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Inherited IRA
Replies: 23
Views: 1108

Re: Help with Inherited IRA

Where is the IRA held today? And what is the cost there? Would you be able to transfer "in kind", then getting the household to the right limit for cheap trades? The Vanguard limits for the various levels are based on assets held in Vanguard funds and ETFs. So, having a large amount of in...
by Longdog
Thu Feb 16, 2017 7:15 am
Forum: Investing - Theory, News & General
Topic: Thoughts on relocating market exposure to taxable account for TLH?
Replies: 8
Views: 662

Re: Thoughts on relocating market exposure to taxable account for TLH?

You, the investor, get to decide which method to use for cost basis purposes when selling shares - not Vanguard.

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