Search found 1803 matches

by MN Finance
Sun Sep 24, 2017 11:57 am
Forum: Investing - Help with Personal Investments
Topic: Transferring IRA as Beneficiary While Avoiding Financial Adviser
Replies: 34
Views: 1961

Re: Transferring IRA as Beneficiary While Avoiding Financial Adviser

I didn't track everything in the post but you clearly have a problem. You need to send documented correspondence that you don't want anything executed until further notice. He originally attempted to have you purchase new funds which is entirely inappropriate and unethical. He would receive a commis...
by MN Finance
Mon Aug 14, 2017 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: When to report 1031 exchange?
Replies: 11
Views: 650

Re: When to report 1031 exchange?

I think you need to read the rules on excluding gains of your primary residence. From the info given it appears your gain is excluded and a 1031 isn't relevant, let alone an option.
by MN Finance
Fri Aug 04, 2017 12:14 pm
Forum: Investing - Help with Personal Investments
Topic: Long Term Capital Gains Question
Replies: 3
Views: 607

Re: Long Term Capital Gains Question

Your capital gain will be taxes at capital gains rates just like funds, so to the extent that the gain keeps your total income in the 15 bracket it's at 0. If there's an amount that pushes you to 25, then the gain is at 15. Most states also tax the gain at ordinary income rates. You will also have r...
by MN Finance
Sun Jul 30, 2017 9:47 am
Forum: Investing - Help with Personal Investments
Topic: Tesla - next big lottery ticket ?
Replies: 177
Views: 17169

Re: Tesla - next big lottery ticket ?

No. The point is not that someone shouldn't own it. In fact i think a lot of people here own individual stocks. As someone said, owning 5k of tsla probably doesn't make any difference. But the broader point is valid. No need to restate what's pretty obvious. I think the replies were pretty balanced ...
by MN Finance
Sun Jul 30, 2017 8:26 am
Forum: Investing - Help with Personal Investments
Topic: Tesla - next big lottery ticket ?
Replies: 177
Views: 17169

Re: Tesla - next big lottery ticket ?

OK. So there seems to be a universal agreement among the posters here that Tesla is a bad stock to own. Now I'm going to ask something more controversial. Given that I'm not in the minority at all regarding my opinion of Tesla and that most of you are heavily tilted towards cap weighted indexing (I...
by MN Finance
Tue Jul 18, 2017 6:31 pm
Forum: Investing - Theory, News & General
Topic: factor crowding vs active mgmnt
Replies: 3
Views: 455

Re: factor crowding vs active mgmnt

Factors work, in part, because of investor behavior. If SV underperforms for 10 years, it won't be so crowded.
by MN Finance
Sun Jul 16, 2017 8:11 am
Forum: Investing - Help with Personal Investments
Topic: 2017 RMD Timing
Replies: 33
Views: 2610

Re: 2017 RMD Timing

There's no reason your investment allocation and RMD timing need to be linked. If you want to change your investments, then do that. If you want to delay your RMD then do that
by MN Finance
Sun Jul 16, 2017 8:07 am
Forum: Personal Finance (Not Investing)
Topic: Large future capital gain
Replies: 8
Views: 1045

Re: Large future capital gain

Clearly impossible to help without the details, but the previous post is about right. The only likely way to minimize taxes is to have it be a structured sale. If part of your deal involves real estate there could be other options. Regardless you'd be deferring tax, not eliminating. Meet with your CPA
by MN Finance
Sun Jul 02, 2017 8:05 am
Forum: Investing - Theory, News & General
Topic: What may have led to the US stock sell-off on 6-30-17 at 3:50-4:00 p.m.?
Replies: 50
Views: 5307

Re: What may have led to the US stock sell-off on 6-30-17 at 3:50-4:00 p.m.?

Certainly the dismissive replies are mostly accurate but there's no harm in understanding why the market may move. The OP didn't say they were attempting to predict the future. The last moments of the quarter carry a lot of activity, so it's absolutely expected that there would be modest movements a...
by MN Finance
Sun Jul 02, 2017 7:52 am
Forum: Personal Consumer Issues
Topic: Best Hotel Pool for Kids in Northern California
Replies: 7
Views: 924

Re: Best Hotel Pool for Kids in Northern California

Like a specific, singular hotel in all of nocal? Or a chain that has the best pools?
by MN Finance
Sun Jul 02, 2017 7:43 am
Forum: Investing - Theory, News & General
Topic: 401k and RMD, confused about what to do...
Replies: 13
Views: 1062

Re: 401k and RMD, confused about what to do...

The annual tax drag of investing in taxable reduces your returns, so it's almost certainly better to max the 401k. In addition, 5M is going to look like 2M or 3M which will give you 100k a year income which is not a high tax bracket.

30 years is a long time to predict so just keep you or current plan
by MN Finance
Sat Jul 01, 2017 8:34 am
Forum: Personal Consumer Issues
Topic: Best cars for multiple kids
Replies: 51
Views: 3461

Re: Best cars for multiple kids

We have 4 kids 5 yrs apart. I hate minivans but found it was the only logical option so we bought a Toyota. The 3rd row seating on SUV is vastly harder to manage if the kid in the back row needs help. Opening both doors with the remote when 4 kids are running to the car in the winter and you have yo...
by MN Finance
Sat Jul 01, 2017 8:11 am
Forum: Investing - Help with Personal Investments
Topic: Opinions on a 401K Stable Value Fund
Replies: 9
Views: 906

Re: Opinions on a 401K Stable Value Fund

Obviously safe and will achieve your goal of protecting against a rate rise. Fees don't matter. I would only get excited about a stable value fund if the return was something above 2.5% like you see with some retirement providers. With the yield on this I would just assume use a short term or interm...
by MN Finance
Fri Jun 30, 2017 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: DAF Confusion [Donor Advised Fund]
Replies: 18
Views: 1176

Re: DAF Confusion [Donor Advised Fund]

The valuation date for electronic transfers is the date it is received by the charity. This is typically the same day or day after it leaves the individuals account. The valuation for something mailed is the postmark date. I don't use vanguard for anything if I can help it, but Schwab issues a year ...
by MN Finance
Fri Jun 30, 2017 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: DAF Confusion [Donor Advised Fund]
Replies: 18
Views: 1176

Re: DAF Confusion

By the way, the same date considerations apply to gifts of securities to noncharitable donees for the purposes of gift tax valuation. If I mail paper stock certificates to my nephew in remote Alaska today along with paperwork irrevocably relinquishing my ownership in the securities and arranging to...
by MN Finance
Sun Jun 25, 2017 6:29 am
Forum: Personal Finance (Not Investing)
Topic: Fund Parent's Trusts
Replies: 18
Views: 2267

Re: Fund Parent's Trusts

Using the credit trust isn't just about the estate tax savings. You have to make some assumption about the lost step up in capital gains and costs of managing rhe trust, and deduct that from the benefit. If there ends up being a large spread in lifespans, much of the benefits a muted. I don't practi...
by MN Finance
Sun Jun 25, 2017 6:04 am
Forum: Investing - Help with Personal Investments
Topic: Is structured notes sound investment choice?
Replies: 18
Views: 1324

Re: Is structured notes sound investment choice?

Mingfriz , please post the exact name of the structured note you are looking at, along with an internet link (if you have it) to the prospectus. This will help me give you some definitive advice. When I read your original posting, I realized that I could quantitatively model your structured note us...
by MN Finance
Sat Jun 24, 2017 7:39 am
Forum: Investing - Help with Personal Investments
Topic: Transferring from AUM to three fund portfolio
Replies: 2
Views: 226

Re: Transferring from AUM to three fund portfolio

I think you can consider taking control now and slowly moving from the current funds to 3 funds. If you terminate the managed account you will stil retain the existing funds. You can then take all the funds with small gains and move them to their corresponding alternative. If there are large gains o...
by MN Finance
Fri Jun 23, 2017 7:10 am
Forum: Personal Finance (Not Investing)
Topic: New Baby - Wife stay at home for 1 year?
Replies: 48
Views: 4496

Re: New Baby - Wife stay at home for 1 year?

My spouse is a SAHM, which has been her desire since well before kids. When I was younger I didn't imagine we would fall into this more traditional mold, and always assumed my spouse would be career focused. Now that we're here, however. I'm very grateful. Here's the thing, though... staying at home...
by MN Finance
Thu Jun 22, 2017 7:09 am
Forum: Investing - Help with Personal Investments
Topic: advisors and fiduciary
Replies: 2
Views: 305

Re: advisors and fiduciary

I would be quite sure (without firsthand knowledge) that VG reps are dual licensed as brokers and investment advisors. This is typically the case with all major firms. This dual license creates much confusion. And the fact that they may be licensed as an advisor (fiduciary) does not limit them for r...
by MN Finance
Wed Jun 21, 2017 9:22 pm
Forum: Investing - Help with Personal Investments
Topic: Need to find Loaded Index Funds
Replies: 64
Views: 4315

Re: Need to find Loaded Index Funds

All these recommendations to find a new job are absolutely asinine. Ya, that's a good move. Kill your career (which we know nothing about) because your employer (who we know nothing about) takes some stance on the new DOL regs we aren't privy to. Further those recommending he tell the employer to st...
by MN Finance
Wed Jun 21, 2017 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: 20 pct bonus on fixed index annuity
Replies: 22
Views: 1378

Re: 20 pct bonus on fixed index annuity

At the end of the day, all fixed index annuities will offer a total return about equal to the return of the company's general account. Historically that's about equal to the return of tbills, maybe slightly higher, but near 3%. Whether that return is fixed, indexed, or through a bonus, the net proba...
by MN Finance
Tue Jun 20, 2017 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: Financial advisor question
Replies: 58
Views: 5029

Re: Financial advisor question

Just for comparisson.... I work in an advisory shop. We work with clients about that size. They pay on average about 60bps to 70bps in direct costs and 10bps in indirect costs (funds.) The direct costs are highlighted on every quarterly statement, which should be expected. For that cost clients have...
by MN Finance
Sat Jun 17, 2017 7:42 am
Forum: Investing - Help with Personal Investments
Topic: 401k loan and contributions
Replies: 6
Views: 482

Re: 401k loan and contributions

Contributions and loans are totally separate actions, so I'm sure this would be fine. I don't see how they would be related.
by MN Finance
Sun Jun 04, 2017 9:31 am
Forum: Investing - Help with Personal Investments
Topic: Time to Move Away from 3-Fund Portfolio?
Replies: 36
Views: 4486

Re: Time to Move Away from 3-Fund Portfolio?

I've been through this before. If something happens to you it's highly unlikely your spouse will continue with your pre approved plan. It just doesn't happen. One option will be to set up your needed plan in advance. While you may not need the help now, it's much more likely that your spouse continu...
by MN Finance
Sun Jun 04, 2017 9:11 am
Forum: Investing - Help with Personal Investments
Topic: Is it possible to make 75k with 100K in x years ?
Replies: 55
Views: 5212

Re: Is it possible to make 75k with 100K in x years ?

If you can beat the cost of your loan, then you should take out a bigger loan and invest more. Can you take out 200k or 300k?
by MN Finance
Wed May 24, 2017 9:16 pm
Forum: Personal Consumer Issues
Topic: Should I drink or sell my Pappy 12 year?
Replies: 65
Views: 7791

Re: Should I drink or sell my Pappy 12 year?

I'm not positive but don't think I've ever sold anything to a third party in my whole life, expect a house and I think one car. I sure wouldn't sell. I would enjoy it or find someone who would.
by MN Finance
Sat May 13, 2017 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: recent widow needs help with life insurance payout options
Replies: 44
Views: 3502

Re: recent widow needs help with life insurance payout options

There are lots of votes for option 1, which is likely because the posters don't understand insurance. Option 2 is designed precisely for someone not wanting to make a permanent election. Basically the insurance company keeps the money in a cash account for you with a very nice interest rate. You can...
by MN Finance
Mon Apr 03, 2017 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Taxable Estate (def'n)
Replies: 2
Views: 417

Taxable Estate (def'n)

I posted a tangential questions on this about the life estate of mom and dad a few months ago... thanks for that help. This is a separate question... After re-reading mom's trust, I came across language that made me pause. I know it's without context, but wondering what the interpretation of this mi...
by MN Finance
Sun Apr 02, 2017 10:35 pm
Forum: Investing - Theory, News & General
Topic: David Swensen's Bond Portfolio
Replies: 8
Views: 1610

Re: David Swensen's Bond Portfolio

The primary purpose of bonds is to balance the equity risk. The fact that yields are low doesn't really factor into the decision as someone ridiculously implied. Higher yield in other options will mean increasing risk, so it's not free. Historically the best diversifier of equity risk is long treasu...
by MN Finance
Tue Mar 28, 2017 8:41 pm
Forum: Investing - Help with Personal Investments
Topic: Does this constitute a wash sale?
Replies: 8
Views: 782

Re: Does this constitute a wash sale?

Definitely not a wash sale. You would have to sell at a loss and then buy back a substantially identical security. You have only sold and not yet rebought within 30 days. The number of accounts don't matter. Consider everything as a whole. JT You don't have to REbuy anything, you can PREbuy and hav...
by MN Finance
Mon Mar 20, 2017 9:10 pm
Forum: Investing - Help with Personal Investments
Topic: Maximum contribution for 403B, 457 & SEP IRA combined?
Replies: 12
Views: 823

Re: Maximum contribution for 403B, 457 & SEP IRA combined?

I'm not sure I've ever been wrong before, this may be a first, but I'll ask my wife. I'm pretty surprised by this and after searching Google there are absolutely differing opinions (Ed slot, Fairmark agree with me). I actually used to work with HCEs who participated in multiple non profit plans and ...
by MN Finance
Mon Mar 20, 2017 8:05 pm
Forum: Investing - Help with Personal Investments
Topic: Maximum contribution for 403B, 457 & SEP IRA combined?
Replies: 12
Views: 823

Re: Maximum contribution for 403B, 457 & SEP IRA combined?

The 415 limit only applies to the same employer plan. That is true, but as I pointed out a 403b account is considered controlled by the participant and is therefore aggregated with an individual SEP IRA or Solo 401k. You are considered the employer for both plans. I disagree that the SEP contributi...
by MN Finance
Mon Mar 20, 2017 7:44 pm
Forum: Investing - Help with Personal Investments
Topic: Maximum contribution for 403B, 457 & SEP IRA combined?
Replies: 12
Views: 823

Re: Maximum contribution for 403B, 457 & SEP IRA combined?

The 457 is a non-qualified plan an has its own employee deferral limit and does not interfere with the contributions to the 403b and SEP IRA. The SEP IRA only permits employer contributions, so it does not interfere with the 403b deferral. However, a 403b is considered controlled by the participant...
by MN Finance
Mon Mar 20, 2017 7:43 pm
Forum: Investing - Help with Personal Investments
Topic: Maximum contribution for 403B, 457 & SEP IRA combined?
Replies: 12
Views: 823

Re: Maximum contribution for 403B, 457 & SEP IRA combined?

The contribution are separate, so you can also contribute 20% of your 80k and 6500 to you IRAs
by MN Finance
Mon Mar 20, 2017 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: How much life insurance?
Replies: 19
Views: 1928

Re: How much life insurance?

Because it's cheap, you can err on the higher side without much regret. If you continue to have kids you might end up with 1M baseline and then add a second 20 yrs policy of, say 500k, after a couple kids, allowing some adjustment to cancel one along the way if it's not needed. We also carry insuran...
by MN Finance
Fri Mar 17, 2017 11:36 pm
Forum: Investing - Help with Personal Investments
Topic: Complex portfolio issues involving individual stock
Replies: 15
Views: 1347

Re: Complex portfolio issues involving individual stock

The last time I looked Verizon was paying 4.6% but you don't desire any further telecom. You probably should continue to hold those stocks and just sell small amounts each year if any. Utilities and Telecom are considered defensive and if Blue Chip or Dow quality should be safe then. Just keep your...
by MN Finance
Fri Mar 17, 2017 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: Need to Re-invest part of RMD in bond fund. Muni or Not ??
Replies: 18
Views: 1470

Re: Need to Re-invest part of RMD in bond fund. Muni or Not ??

You know taxes aren't that simple. If the cash need is nominal then it probably doesn't matter either way, so go ahead and hold stocks. If the cash need triggers 50k in cap gains, it could marginally push 20% or 30%. Since low cash needs yield nominal differences either way, the decision should be i...
by MN Finance
Fri Mar 17, 2017 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Need to Re-invest part of RMD in bond fund. Muni or Not ??
Replies: 18
Views: 1470

Re: Need to Re-invest part of RMD in bond fund. Muni or Not ??

First, the conventional wisdom to fill taxable accounts entirely with equities is fundamentally flawed. It makes sense to have a higher proportion in equities for the stated reasons, but most certainly not exclusively. When you have a large cash need, you'll need bonds so that you aren't forced to t...
by MN Finance
Wed Mar 15, 2017 8:30 pm
Forum: Investing - Help with Personal Investments
Topic: Only have $1500 - ETF?
Replies: 11
Views: 1111

Re: Only have $1500 - ETF?

Schwab index mutual funds have $100 minimums and similar low fees. It'll be much easier to implement a 3-fund portfolio (or 1 fund with SWTSX) at Schwab with low funds. You can always switch to VTSAX later. You don't need 3 funds with 1500 or 15000 for that matter. You need to save as much as you c...
by MN Finance
Wed Mar 15, 2017 8:27 pm
Forum: Investing - Help with Personal Investments
Topic: I can't contribute to my 401(k) due to "safe harbor" rules
Replies: 15
Views: 2071

Re: I can't contribute to my 401(k) due to "safe harbor" rules

I think what they were trying to explain in response to your request is that it's impossible for them to not match contributions because it's a safe harbor plan. That is true. But it's also a bit of a non-sequitur. The fact is that they also simply cannot accept contributions until you're eligible ...
by MN Finance
Wed Mar 15, 2017 7:54 pm
Forum: Personal Finance (Not Investing)
Topic: conflict of interest [CFA vs. fiduciary]
Replies: 27
Views: 2435

Re: conflict of interest [CFA vs. fiduciary]

Thx LadyGeek....Our advisor is a CFP®. From the links, it looks like that mandates a fiduciary duty? When I go to the "Investment Adviser" link he's also registered as a licensed Investment Adviser. No complaints on either the FINRA or CFP websites. How can selling non-traded REITs with z...
by MN Finance
Tue Mar 14, 2017 7:45 pm
Forum: Investing - Help with Personal Investments
Topic: VIIIX at 0.02% + fees or Taxable VFIAX at 0.05% (plus taxes)
Replies: 14
Views: 1055

Re: VIIIX at 1.02% or Taxable VFIAX at 0.05% (plus taxes)

This isn't even a close call. Use the plan regardless of the cost and manage expenses when those opportunities arise. You'd have to be in a plan that cost 2%+ for a decade or two before it made sense to invest in taxable.
by MN Finance
Sun Mar 12, 2017 11:20 am
Forum: Investing - Help with Personal Investments
Topic: Need help with determining if this is wash sale
Replies: 13
Views: 1060

Re: Need help with determining if this is wash sale

I'm not clarifying but think it's totally backwards for taxes to drive your investment decisions. Any tax impact is nearly non existent compared to the investment movement. Further, you seem to think a wash sale is somehow negative. I don't see why that is.
by MN Finance
Fri Mar 10, 2017 12:03 am
Forum: Personal Finance (Not Investing)
Topic: W2 vs 1099 - mitigating negatives with W2
Replies: 4
Views: 709

Re: W2 vs 1099 - mitigating negatives with W2

She's making 7.65% more as a W2 employee, so that hardly appears to be something negative, regardless of the limitation on contributions to her i401k.
by MN Finance
Thu Mar 09, 2017 11:58 pm
Forum: Investing - Help with Personal Investments
Topic: Difference between Cref and TIAA acess
Replies: 3
Views: 821

Re: Difference between Cref and TIAA acess

The two index funds are identical, except for the expense. Someone may point out that the CREF fund is an annuity, but that holds no relevance. The real estate funds are very different. Tiaa is direct owned commercial real estate that is not publicly traded and therfore has the appearance of lower s...
by MN Finance
Thu Mar 09, 2017 9:27 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in Note funds
Replies: 12
Views: 1300

Re: Investing in Note funds

Do you have an actual question?

I can imagine the responses you'll get are mixed, but after 08 with current market prices and rising rates, certainly not for the faint of heart.
by MN Finance
Thu Mar 09, 2017 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Possible to hold a mostly-passive small business within a tax-sheltered account?
Replies: 8
Views: 995

Re: Possible to hold a mostly-passive small business within a tax-sheltered account?

Before you actually start digging into it, you need to think about your "mostly" passive statement. If you are greater than 0% active, then your contribution is considered a contribution to your IRA (limited by the annual amount.) If you can't be 100% passive, then it's not worth wasting t...
by MN Finance
Thu Mar 09, 2017 12:10 am
Forum: Investing - Help with Personal Investments
Topic: Possible to reinvest this annuity?
Replies: 8
Views: 630

Re: Possible to reinvest this annuity?

I don't see much reason to liquidate the annuity. Any balanced portfolio option will include fixed investments and/or bonds. Many hear would jump at a 2.65% fixed account (if not jump, then at least consider it.) If it wasn't in there already the reverse would be true... no real reason to jump in as...
by MN Finance
Tue Mar 07, 2017 2:05 pm
Forum: Investing - Help with Personal Investments
Topic: What assets in a Vanguard variable annuity if you are stuck with one
Replies: 18
Views: 1643

Re: What assets in a Vanguard variable annuity if you are stuck with one

Did you buy the GLWB option? No. Don't tell me we should have. Then, the strategy is to be fairly conservative. Remember, you Bought an insured pension plan. YMMV See Moshe Milevsky on VAs. No. That's not the strategy. You didn't buy an insured pension plan. You should treat it much like a 401k or ...