Search found 783 matches

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: 49
Views: 3715

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: 49
Views: 3715

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: 54
Views: 4707

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: 1079

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: 4482

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: 2214

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: 79
Views: 10094

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: 79
Views: 10094

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: 2633

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: 1335

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: 618

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: 526

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: 312

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: 612

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: 905

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: 1448

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: 4415

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: 4033

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: 1448

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: 229

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: 1659

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: 530

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: 530

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: 2849

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: 472

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: 2849

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: 2849

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: 786

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: 2849

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: 2849

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: 645

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: 5176

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: 5176

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: 1233

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: 427

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: 1055

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: 619

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.
by Longdog
Wed Feb 15, 2017 7:47 am
Forum: Investing - Help with Personal Investments
Topic: Adjusting 401k contributions for bonuses and raises
Replies: 17
Views: 783

Re: Adjusting 401k contributions for bonuses and raises

I am compensated similarly. I created an excel spreadsheet, with each row containing one month's salary + bonus. Two months have three paychecks; the rest have two. I approximate my bonus in the month it is payed out, based on last years bonus. I then select an appropriate percentage that, in the mo...
by Longdog
Wed Feb 15, 2017 6:45 am
Forum: Investing - Theory, News & General
Topic: Thoughts on relocating market exposure to taxable account for TLH?
Replies: 8
Views: 619

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

It's a reasonable idea. You might want to only shift funds in your tIRA for the reason you cite. Also, realize that $100 in a tIRA is probably worth less than $100 in your taxable account, since you will eventually pay taxes on it when you eventually withdraw it or convert it to a Roth IRA.
by Longdog
Sun Feb 12, 2017 7:50 pm
Forum: Investing - Help with Personal Investments
Topic: Should I pay Vanguard for "extra" advice?
Replies: 9
Views: 1277

Re: Should I pay Vanguard for "extra" advice?

How did they "suggest" that you pay for their personal advisory service? In what form was their suggestion made?
by Longdog
Sat Feb 11, 2017 6:15 am
Forum: Investing - Help with Personal Investments
Topic: What to do with all this rollover money
Replies: 23
Views: 1575

Re: What to do with all this rollover money

I apologize of any misunderstandings and I fully respect everyone on this forum. I posted looking for insight and I listened to each of you and will reconsider some of my choices. I appreciate all your feedback and will take your experiences and wisdom to guide me into comfortable stability of futu...
by Longdog
Sat Feb 11, 2017 5:56 am
Forum: Personal Consumer Issues
Topic: Why do you go to restaurants?
Replies: 229
Views: 16375

Re: Why do you go to restaurants?

Yesterday was my wife's birthday and we went to OUTBACK steak house with our younger son. We ordered steaks and lobsters and paid about $78. The steaks were over-cooked and were not as good as what my wife cooked at home. My wife likes to go to restaurants, mostly with her girlfriends, since I do n...
by Longdog
Fri Feb 10, 2017 4:40 pm
Forum: Investing - Theory, News & General
Topic: Why don't stock prices go up on payday?
Replies: 43
Views: 3712

Re: Why don't stock prices go up on payday?

It's because of me. I invest several times throughout the month, sometimes on fixed days of the week and sometimes on fixed days of the month. So, it's kind of uniformly spread out across each month.
by Longdog
Fri Feb 10, 2017 4:34 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with all this rollover money
Replies: 23
Views: 1575

Re: What to do with all this rollover money

Sounds to me like you've already decided how you want to invest your money. I will point out that it's not anywhere close to how people on this forum would advise to invest. So, while you are certainly welcome to participate, unless you change your approach, you likely won't want to invest in the wa...
by Longdog
Tue Feb 07, 2017 1:40 pm
Forum: Investing - Help with Personal Investments
Topic: Trust Account
Replies: 14
Views: 1001

Re: Trust Account

Have your mother split the money into three separate Individual accounts, preferably at one financial institution like Vanguard. Have each one set up as a Payable on Death account to a different sibling. Provide what is called "agent" access to each account, to the respective sibling. All...
by Longdog
Tue Feb 07, 2017 1:08 pm
Forum: Investing - Help with Personal Investments
Topic: Trust Account
Replies: 14
Views: 1001

Re: Trust Account

Here's an alternate suggestion for you to consider. Have your mother split the money into three separate Individual accounts, preferably at one financial institution like Vanguard. Have each one set up as a Payable on Death account to a different sibling. Provide what is called "agent" acc...
by Longdog
Fri Feb 03, 2017 7:53 pm
Forum: Investing - Help with Personal Investments
Topic: Bond Premium Amortization
Replies: 17
Views: 1053

Re: Bond Premium Amortization

So, I think that I just learned a fairly big downside to buying individual municipal bonds at a premium. If I understand correctly, that premium is amortized so that there is no capital loss when the bond matures. However, the annual deduction for the amortized premium is deducted from tax exempt i...
by Longdog
Sun Jan 29, 2017 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Criteria for admittance to the 2-comma club
Replies: 79
Views: 6418

Re: Criteria for admittance to the 2-comma club

It would be embarrassing to be at a two comma party while the market crashed and be forced to leave, comma in hand. LOL! I love the image that conveys: "Get outta here, you sub-millionaire. And take your damn comma with you! Don't come back until you have enough headroom to sustain a 20% marke...
by Longdog
Sat Jan 28, 2017 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: Criteria for admittance to the 2-comma club
Replies: 79
Views: 6418

Re: Criteria for admittance to the 2-comma club

It would be embarrassing to be at a two comma party while the market crashed and be forced to leave, comma in hand. LOL! I love the image that conveys: "Get outta here, you sub-millionaire. And take your damn comma with you! Don't come back until you have enough headroom to sustain a 20% marke...
by Longdog
Sat Jan 28, 2017 5:52 am
Forum: Personal Finance (Not Investing)
Topic: Criteria for admittance to the 2-comma club
Replies: 79
Views: 6418

Re: Criteria for admittance to the 2-comma club

There really isn't an admission committee that gets to decide. The best thing is, you can proclaim yourself a member at any time without any repercussions, even if you lie! But keep in mind it is tradition for the newest member to bring the caviar to our next monthly meeting, and it would be a littl...

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