Search found 917 matches

by Longdog
Fri Nov 17, 2017 9:29 am
Forum: Investing - Theory, News & General
Topic: Anti-Index Fund Arguments - Help staying the course.
Replies: 18
Views: 2095

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: 2287

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: 664

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: 664

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...
by Longdog
Fri Nov 10, 2017 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Is using a Roth IRA for saving for a vacation in 10 years a good idea?
Replies: 11
Views: 808

Re: Is using a Roth IRA for saving for a vacation in 10 years a good idea?

Roth "space" is the most value there is because once something is in a Roth account, there are no further tax implications. It would generally be disadvantageous to drain that account for a one-time splurge (if monies are available in other accounts). Keeping assets in a Roth account allows them to ...
by Longdog
Thu Nov 09, 2017 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: Scooter insurance for a 20 year old college student
Replies: 22
Views: 1214

Re: Scooter insurance for a 20 year old college student

Call a few other insurance companies for quotes. That is an insane amount to pay. No experience or knowledge, but BOTH persons of that age AND scooters are high risk. Risky to the rider, yes. That’s not what this is covering. This is, I believe, just liability coverage. The risk of significant dama...
by Longdog
Thu Nov 09, 2017 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Scooter insurance for a 20 year old college student
Replies: 22
Views: 1214

Re: Scooter insurance for a 20 year old college student

Call a few other insurance companies for quotes. That is an insane amount to pay.
by Longdog
Tue Nov 07, 2017 1:55 pm
Forum: Personal Consumer Issues
Topic: My Dad's slides
Replies: 21
Views: 2411

Re: My Dad's slides

You absolutely should do this. What a wonderful way to honor your dad's life. I would prioritize the ones with people in them, even if you might not know particularly people. Perhaps you have living relatives who can identify them. Beyond that, keep ones you find visually appealing. And don't throw ...
by Longdog
Tue Nov 07, 2017 12:55 pm
Forum: Investing - Theory, News & General
Topic: Amortize Premium Munis to Call Date or Maturity Date?
Replies: 18
Views: 1050

Re: Amortize Premium Munis to Call Date or Maturity Date?

The IRS says: "For bonds issued after September 27, 1985, you must amortize bond premium using a constant yield method on the basis of the bond's yield to maturity, determined by using the bond's basis and compounding at the close of each accrual period." Fidelity does it according to the IRS guida...
by Longdog
Tue Nov 07, 2017 7:58 am
Forum: Investing - Theory, News & General
Topic: Amortize Premium Munis to Call Date or Maturity Date?
Replies: 18
Views: 1050

Re: Amortize Premium Munis to Call Date or Maturity Date?

I use call date, and this aligns with what Vanguard reports for my covered bonds. I think this is the industry standard way of determining amortization for premium tax-exempt municipal bonds. I believe most of the brokerages rely on the same (or small number) of third party vendors to provide the se...
by Longdog
Sun Nov 05, 2017 5:42 am
Forum: Investing - Help with Personal Investments
Topic: Please critique tax efficiency of my portfolio
Replies: 18
Views: 1641

Re: Please critique tax efficiency of my portfolio

You should consider doing Roth conversions of your pre-tax acounts after you retire prior to age 70.5. One thing I rarely (if ever) see mentioned is that having muni bond interest in your taxable account does not have any impact on how much you can convert in a particular tax bracket, but qualified...
by Longdog
Sat Nov 04, 2017 5:58 am
Forum: Investing - Help with Personal Investments
Topic: Please critique tax efficiency of my portfolio
Replies: 18
Views: 1641

Re: Please critique tax efficiency of my portfolio

In CA, particularly paying AMT, you are better off with CA munis in taxable accounts. (I wouldn't do this for more than half the bonds, though, because of diversification risk; either use non-CA munis for the other half, or other bonds such as I-Bonds in taxable or Total Bond Market in an IRA/401(k...
by Longdog
Tue Oct 31, 2017 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: Pet insurance?
Replies: 48
Views: 4406

Re: Pet insurance?

Our second dog died this past year at 14. When he was around 8-9 I looked into and purchased pet insurance. Annual cost was around $200 for a policy with a $1,000 deductible, 20% co-pay and $15,000 cap on insurance. When he was 11, he developed cancer and needed an operation which cost around $4,00...
by Longdog
Sun Oct 29, 2017 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: PA Speeding Ticket?
Replies: 31
Views: 1554

Re: PA Speeding Ticket?

arcticpineapplecorp. wrote:
Sun Oct 29, 2017 11:46 am
great posts everyone. This is one more reason everyone should be wanting fully autonomous vehicles. When there's only driverless cars, there'll be no more speeding tickets.
Because software is infallible.
by Longdog
Sun Oct 29, 2017 8:21 am
Forum: Personal Finance (Not Investing)
Topic: PA Speeding Ticket?
Replies: 31
Views: 1554

Re: PA Speeding Ticket?

Pay it and forget it. If it is your first and you've been driving for a while, the chance of it happening again in the near future are very small. Unless you place a negligible value on your personal time, it is not worth your time or energy.
by Longdog
Wed Oct 25, 2017 3:56 pm
Forum: Investing - Theory, News & General
Topic: Should I switch from a muni bond ladder to a bond fund?
Replies: 12
Views: 1757

Re: Should I switch from a muni bond ladder to a bond fund?

If they are highly rated bonds, one way to do this is to invest the coupons into a bond fund and when they mature or are called, invest the proceeds into the bond fund. But it also depends how many bonds you have and what percentage each one is of your bond portfolio. It doesn’t have to be an all or...
by Longdog
Tue Oct 24, 2017 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Is this "Earned Income," or not?
Replies: 43
Views: 2072

Re: Is this "Earned Income," or not?

DCardell wrote:
Tue Oct 24, 2017 12:08 pm
But I believe she needs to file her income tax and claim that as income, before she is eligible for the Roth contributions.
Would she need to pay social security taxes on that?
by Longdog
Tue Oct 24, 2017 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: How to save inheritance from grandfather for 18 & 20 year old sons
Replies: 28
Views: 2879

Re: How to save inheritance from grandfather for 18 & 20 year old sons

I think what will happen (or at least one way to handle it) is that your brother-in-laws will get the inheritance, and then gift what would have been your husband’s share to your two children. So, legally it’s more of a gift than an inheritance because your brother-in-laws are decent, honorable, and...
by Longdog
Tue Oct 24, 2017 9:48 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth: 401k Won't Accept Traditional IRA Money, Options?
Replies: 7
Views: 841

Re: Backdoor Roth: 401k Won't Accept Traditional IRA Money, Options?

I want to be sure I understand what you are saying: Do I just bite the bullet and convert it to a Roth and take the tax hit in order to contribute to more money to her Roth? We're in the 28% tax bracket and 5% at the state, so I assume it'll cost ~$2310 come tax time next year... You are worrying a...
by Longdog
Sat Oct 21, 2017 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding Transfer Fee---Will this work?
Replies: 15
Views: 1440

Re: Avoiding Transfer Fee---Will this work?

Go the other direction. Have your paycheck deposited to Ally bank, and set up an auto ACH transfer from Ally to deposit your spending needs into your BoA account.
by Longdog
Sat Oct 21, 2017 11:05 am
Forum: Investing - Theory, News & General
Topic: Has the general public ever been correct about market crashes?
Replies: 47
Views: 3800

Re: Has the general public ever been correct about market crashes?

Is "think the opposite of what everyone else thinks the market's headed" a viable strategy? Yes, it’s called contrarian investing. Entire (actively managed) mutual funds have been based on that strategy, such as Fidelity Contrafund. longdog, Isn't this also the essence of value investing, buying wh...
by Longdog
Fri Oct 20, 2017 4:53 pm
Forum: Investing - Theory, News & General
Topic: Has the general public ever been correct about market crashes?
Replies: 47
Views: 3800

Re: Has the general public ever been correct about market crashes?

JustinR wrote:
Fri Oct 20, 2017 4:47 pm
Is "think the opposite of what everyone else thinks the market's headed" a viable strategy?
Yes, it’s called contrarian investing. Entire (actively managed) mutual funds have been based on that strategy, such as Fidelity Contrafund.
by Longdog
Wed Oct 18, 2017 6:30 pm
Forum: Investing - Help with Personal Investments
Topic: Separate Roth IRA accounts for the backdoor and the mega backdoor?
Replies: 11
Views: 932

Re: Separate Roth IRA accounts for the backdoor and the mega backdoor?

I think some people might suggest using separate accounts because they might want to re-characterize the back door if the market goes down. I can see how that could possibly be beneficial for a Roth conversion from a pre-tax IRA since you'd have taxes due on that conversion, but I'm curious why tha...
by Longdog
Sat Oct 14, 2017 6:26 am
Forum: Investing - Help with Personal Investments
Topic: Bonds v. bond funds
Replies: 36
Views: 2032

Re: Bonds v. bond funds

I'm curious as to why the standard advice/approach is to buy bond funds, rather than individual bonds? Aren't bond funds riskier, since there's no guarantee of making your investment back? A bond fund is simply a basket of individual bonds. No more or less risky than if you held the same individual...
by Longdog
Mon Oct 09, 2017 9:37 am
Forum: Investing - Help with Personal Investments
Topic: Calculating Other Income on W2 for RSU's
Replies: 6
Views: 314

Re: Calculating Other Income on W2 for RSU's

Consistent with what dbr posted, the W2 earnings associated with vesting of RSUs is the number vested times the market price on the day of vesting. Any shares withheld for taxes are still included in your earned income. Their value on that same date would be included in your taxes withheld.
by Longdog
Sun Oct 08, 2017 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone go 100% Ally or another online bank for all banking needs?
Replies: 61
Views: 5243

Re: Anyone go 100% Ally or another online bank for all banking needs?

So the tl;dr. . . . . . . is anyone on here 100% online for their banking and do you run into any issues?[/color][/size] For those that know - how convenient is it to move money from your online bank to a brick and mortar? If I have most of my checking in ING but want to transfer money to Bank of A...
by Longdog
Sun Oct 08, 2017 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Change for a $20 requires ID!!
Replies: 22
Views: 2363

Re: Change for a $20 requires ID!!

Just yesterday I went to local Wells Fargo to get some cash. When they handed me the stack of twenties, I asked to see their ID. It’s only fair, especially given their recent transgressions.
by Longdog
Sat Oct 07, 2017 7:21 am
Forum: Investing - Theory, News & General
Topic: I'm thinking about cashing completely out of equites....
Replies: 75
Views: 8308

Re: I'm thinking about cashing completely out of equites....

Studies have repeatedly shown that allocation changes made in reaction to feelings, gut instinct, valuation metrics, etc. typically don’t increase returns. I have no doubt that is true, but the OP is not seeking increased returns. He is essentially saying, "I have more than enough for the rest of m...
by Longdog
Tue Oct 03, 2017 6:45 pm
Forum: Investing - Theory, News & General
Topic: Are distributions and capital gains very different quarter to quarter?
Replies: 14
Views: 644

Re: Are distributions and capital gains very different quarter to quarter?

Look at last year's Q4 distributions and how they compared to last years Q1, Q2, and Q3 distributions. Use that as a basis to estimate what this year's Q4 distribution will be. And realize it's just an estimate - nowhere near a guarantee. Unexpected one-off distributions have and will occur.
by Longdog
Mon Oct 02, 2017 9:13 am
Forum: Local Chapters and Bogleheads Community
Topic: Retirement Class of 1998 (Sheepdog's Experience)
Replies: 45
Views: 4277

Re: Retirement Class of 1998 (Sheepdog's Experience)

Very inspirational post. I wish you many more years of happiness and good health.
by Longdog
Sun Oct 01, 2017 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Initial co-trustee instead of successor trustee
Replies: 25
Views: 1354

Re: Initial co-trustee instead of successor trustee

A couple years ago my Mom changed the revocable trust she had with my deceased Dad and made me an initial co-trustee. Now my Mom has just passed and I'm also executor of the will. ...What are the tax ramifications for me since the trust is now mine versus being a successor trustee and distributing ...
by Longdog
Sun Oct 01, 2017 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Initial co-trustee instead of successor trustee
Replies: 25
Views: 1354

Re: Initial co-trustee instead of successor trustee

Any other suggestions from the helpful Bogleheads out there? To everyone else’s fine advice I will add that if you are able to equally distribute stocks and mutual funds from the trust and (as executor) from non-trust assets to the three beneficiaries prior to them making a distribution (e.g., divi...
by Longdog
Fri Sep 29, 2017 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: Termination of Trust
Replies: 8
Views: 530

Re: Termination of Trust

I think you mean "successor trustee" not executor, even though they might be one and the same person. I don't think the successor trustee MUST formally close out a trust, but I suppose they could notify the financial institution to close the trust account. I was successor trustee for a trust and dis...
by Longdog
Thu Sep 28, 2017 8:24 am
Forum: Personal Finance (Not Investing)
Topic: I inherited a life insurance policy that is upside down?
Replies: 21
Views: 2107

Re: I inherited a life insurance policy that is upside down?

Not knowledgeable about whole life policies, but I am curious, if you “inherited” the policy, why wasn’t the death benefit paid out to the beneficiary? Why is this policy still active? I thought the point of life insurance is to pay a benefit on someone’s death.
by Longdog
Thu Sep 28, 2017 4:05 am
Forum: Investing - Theory, News & General
Topic: Why do you LBYM? Why do you save and invest?
Replies: 204
Views: 15234

Re: Why do you LBYM? Why do you save and invest?

Well this is a fun topic. I think for me, it is largely the recognition that more $$$ in the bank equates to more security. Secondarily is the recognition that most spending doesn’t bring as much happiness as I used to expect. Or, another way to say that is that the initial sense of “fulfillment” is...
by Longdog
Wed Sep 27, 2017 7:00 pm
Forum: Investing - Theory, News & General
Topic: VG using outsourcing to call me & I'm not happy
Replies: 76
Views: 7252

Re: VG using outsourcing to call me & I'm not happy

Out of context question, but seriously how are we supposed to vote? I know no names, and have no idea who are these people and i don't care to know any of them!! If that is the case, and i f you feel Vanguard is serving you well , then it would be reasonable to vote as recommended. If you do not fe...
by Longdog
Tue Sep 26, 2017 9:34 am
Forum: Investing - Help with Personal Investments
Topic: Bonus and tax question
Replies: 14
Views: 1390

Re: Bonus and tax question

To make the best decision you need to know this year’s marginal tax rate, as accurately as possible. And compare that to next year. I’d assume that tax rates will be the same or lower next year. I think it is purely a tax question.

Also, do you expect a similar opportunity next year?
by Longdog
Sat Sep 23, 2017 9:13 am
Forum: Investing - Help with Personal Investments
Topic: the tax efficiency conundrum
Replies: 7
Views: 830

Re: the tax efficiency conundrum

That’s a helpful perspective, thanks. I just hate the thought of $50k sitting unproductive earning 1.5% much of which will be paid in taxes. Seems only slightly better than burying it in the back yard. Remember, that $50K sitting in Wellesley is not guaranteed to be at least $50K in a year. It migh...
by Longdog
Fri Sep 22, 2017 5:13 pm
Forum: Investing - Help with Personal Investments
Topic: can I rely solely on the value of my home to retire?
Replies: 25
Views: 2956

Re: can I rely solely on the value of my home to retire?

I think putting all your proverbial retirement eggs in one basket (your home) is risky, but theoretically it could work. Your financial advisor, however, is motivated to get you to invest as much as possible with him, to maximize his assets under management and his fees. So while he does have a vali...
by Longdog
Fri Sep 22, 2017 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: Division of trust assets after death
Replies: 10
Views: 792

Re: Division of trust assets after death

I think it depends on the trustee’s willingness to do this, but even more so on the beneficiaries of the trust. Who is the trustee? Assuming the two beneficiaries are on good terms and want to honor the wishes of their father, I would suspect a well-drafted and appropriately witnessed letter signed ...
by Longdog
Thu Sep 21, 2017 6:44 am
Forum: Investing - Help with Personal Investments
Topic: I won the Lottery. Need sound advice.
Replies: 220
Views: 24892

Re: I won the Lottery. Need sound advice.

With this windfall, you do have an opportunity to improve your life by paying off that bad debt especially, but only if you change your ongoing financial behavior by living a more sustainable lifestyle. By accumulating so much bad debt, even with your very good combined income, that suggests you wer...
by Longdog
Wed Sep 20, 2017 7:27 pm
Forum: Investing - Help with Personal Investments
Topic: Tax implications for converting rollover IRA to Roth
Replies: 5
Views: 480

Re: Tax implications for converting rollover IRA to Roth

Do you envision an early retirement or future years when your tax rates will be much lower? I don't know if the math works out, but if so perhaps simply contributing annually to a non-deductible IRA without doing the subsequent Roth conversion can fill up her tax-advantaged space for a future, oppor...
by Longdog
Wed Sep 20, 2017 7:14 pm
Forum: Forum Issues and Administration
Topic: Why so many 'negative' responses?
Replies: 20
Views: 2064

Re: Why so many 'negative' responses?

heybro wrote:
Wed Sep 20, 2017 6:28 pm
I have never seen anyone say 'sounds good!' I think is my point.
Sounds good! :wink:
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: 4
Views: 1008

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: 4420

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: 3905

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: 2083

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: 3751

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: 467

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?