Search found 2660 matches

by MnD
Fri Feb 05, 2016 3:21 pm
Forum: Investing - Theory, News & General
Topic: Boglehead mentality re todays oil price
Replies: 12
Views: 519

Re: Boglehead mentality re todays oil price

$1.32 a gallon here for gas. I can earn up to $1.00 a gallon discount on grocery points so I'd like to take a cell phone picture of the gas pump showing 32 cents a gallon and fill up my truck for $6.40. Sometimes they have 4X gas points for gift cards so it would only take regular grocery shopping a...
by MnD
Thu Feb 04, 2016 11:35 am
Forum: Investing - Theory, News & General
Topic: Reporter doing story on expense drop when kids go off to college
Replies: 26
Views: 2161

Re: Reporter doing story on expense drop when kids go off to college

Utilities and food went down some but nothing compared to funding a person in an independent household. The dorm and food service years were the most expensive. The premise of the story - that cost savings at home can contribute to assisting with college costs for student away didn't apply to my hou...
by MnD
Tue Feb 02, 2016 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Babysitter not providing SSN
Replies: 59
Views: 5289

Re: Babysitter not providing SSN

As an individual, the OP is under no requirement to collect a SSN or generate a 1099, W-2, pay payroll taxes or take other steps to formally "employ" an intermittent babysitter. The OP desires to file an IRS form 2441 to collect a small tax credit, likely "significantly less" tha...
by MnD
Tue Feb 02, 2016 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Babysitter not providing SSN
Replies: 59
Views: 5289

Re: Babysitter not providing SSN

Payments are "much less than $2000" so assuming a decent household income your tax credit from filing form 2441 that requires the SSN is worth "much less than $400". If this person is as you say doing a great job and jumping in to cover the intermittent lapses in coverage by pare...
by MnD
Tue Feb 02, 2016 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Already filed taxes, didn't include small amount of interest income
Replies: 27
Views: 2611

Re: Already filed taxes, didn't include small amount of interest income

Small errors and omissions often do not trigger a CP2000 letter. Before I learned to be patient and brokerages slowed down their issuance of 1099's I would get amended ones for small differences that never triggered a CP2000. If you have a larger issue or error, the CP2000 will also include any othe...
by MnD
Tue Feb 02, 2016 12:38 pm
Forum: Investing - Theory, News & General
Topic: Counting days for wash sale period?
Replies: 1
Views: 309

Counting days for wash sale period?

I read it was +/- 30 days not counting the trade date.
Example - date of loss sale trade was January 6.
January 6 plus 30 days is February 4, so I should be clear to repurchase the security on February 5?
by MnD
Sun Jan 31, 2016 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Public school or private school (with school data)
Replies: 79
Views: 4018

Re: Public school or private school (with school data)

The statistics for my daughters somewhat gritty, inner ring suburban and economically mixed big public high school were OK. But they failed to capture that 1/3 of the school students were from all over the metro area in the IB program and other 2/3rds were essentially attending their assigned regula...
by MnD
Sun Jan 31, 2016 3:24 pm
Forum: Investing - Theory, News & General
Topic: Milestones between 0 and FIRE
Replies: 13
Views: 2654

Re: Milestones between 0 and FIRE

Having a firm early retirement date that went from distant future to relatively near-term event. Paying for kids college involved moving some funds into checking versus financial aid seminars, books, forms, web sites. Unusual or intermittent expenses going from big deals to not really any concern. E...
by MnD
Fri Jan 29, 2016 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: What age did you start maxing out your retirement contributions?
Replies: 63
Views: 4312

Re: What age did you start maxing out your retirement contributions?

Likely never and we've been saving and investing for almost 30 years. 2.X years of work to go and all the retirement calculators say we are on track with our current savings rate. With an average outcome our discretionary financial standard of living will go up almost 40% with a mid-50's retirement....
by MnD
Thu Jan 28, 2016 10:57 pm
Forum: Investing - Theory, News & General
Topic: Paper stock certificates - can I get one?
Replies: 24
Views: 1766

Re: Paper stock certificates - can I get one?

Paper? How about a 1648 Dutch water authority bond issued on goat skin that's still paying interest? A pretty low yield if you pay the market price of 24,000 euros. Talk about trading at a premium to face value. :shock: http://www.bloomberg.com/news/articles/2015-09-16/yale-to-be-paid-interest-on-du...
by MnD
Thu Jan 28, 2016 9:50 am
Forum: Investing - Theory, News & General
Topic: What is Your Bond Allocation & Location
Replies: 31
Views: 3087

Re: What is Your Bond Allocation & Location

Age 53, 25% fixed income for life.

Fixed income is around 70% in a treasury-pegged stable value currently at 2.25%, the rest split between Dodge and Cox Global Bond (SEC yield 4.52%) and Dodge and Cox Income (SEC yield 3.47%).
by MnD
Thu Jan 28, 2016 9:39 am
Forum: Investing - Theory, News & General
Topic: Entire Portfolio Expense Ratio
Replies: 41
Views: 2017

Re: Entire Portfolio Expense Ratio

.11% overall, elevated mainly to a "sidecar" of Dodge and Cox funds in my IRA and her 401-K.
14 positions but most $ is at .03%
by MnD
Thu Jan 28, 2016 8:48 am
Forum: Investing - Theory, News & General
Topic: Why doesn't Vanguard stay the course?
Replies: 44
Views: 5613

Re: Why doesn't Vanguard stay the course?

Isn't tinkering required at the fund level? I mean, if a country like South Korea is no longer an emerging market, you must treat it as such or else the fund over-allocates into what is actually Foreign Developed. I think funds have to make some adjustments in order to maintain correct classificati...
by MnD
Wed Jan 27, 2016 12:59 pm
Forum: Investing - Help with Personal Investments
Topic: Are these two funds "substantially identical?"
Replies: 18
Views: 632

Re: Are these two funds "substantially identical?"

I'm still waiting for any credible source to come forward and indicate their tax-loss was disallowed by the IRS for trading similar but not identical mutual funds or ETF's. A EM fund constructed around a different index from another is no more "substantially identical" than trading an acti...
by MnD
Wed Jan 27, 2016 9:57 am
Forum: Investing - Help with Personal Investments
Topic: Are these two funds "substantially identical?"
Replies: 18
Views: 632

Re: Are these two funds "substantially identical?"

No, not even close. Just one of numerous examples - the percentage in micro, small and medium cap stocks differ quite significantly, ~13% versus 23%. Print off these two portfolio profiles and file them with your tax-loss trade confirmation if that would help you feel better about it. http://portfol...
by MnD
Tue Jan 26, 2016 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Leave an IRA through a Trust?
Replies: 20
Views: 2461

Re: Leave an IRA through a Trust?

Our attorney mentioned this. He indicated they were rather complex and expensive to set up, but combine the protective benefits of a trust and the benefits of the individual RMD stretch-out provisions. I found a link that I believe summarizes the approach. http://www.tomboumanlaw.com/ira-trusts.html...
by MnD
Sat Jan 23, 2016 7:17 pm
Forum: Investing - Theory, News & General
Topic: Robo-advisors and Risk and Bernstein
Replies: 14
Views: 1727

Re: Robo-advisors and Risk and Bernstein

Hard to adjust allocations to the panic of the moment when it's all one fund. A co-worker was ready to move 1/3 of his Target year fund to stable value last Wednesday (the bottom of the week) as he concluded oil prices were going to keep falling as was his relatively conservative (short-dated) Targ...
by MnD
Fri Jan 22, 2016 11:05 pm
Forum: Personal Finance (Not Investing)
Topic: Amex Costco Card Replacement Offers
Replies: 30
Views: 3381

Re: Amex Costco Card Replacement Offers

I'll wait till the benefits of new Costco card are announced. That's when I think the best "and keep an Amex card" offers will roll out. Now they are competing against nothing. We have the Amex biz Costco card and received something from Amex a long time ago (shortly after the switch was a...
by MnD
Wed Jan 20, 2016 9:50 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 2665
Views: 527466

Re: U.S. stocks in freefall

Rebalanced equity:fixed income yesterday per my IPS to the middle of my bands - too bad my 401-K provider does same-day funds transfers - a one-day lag would have been nice given how it's looking today. I don't rebalance individual asset classes since I take a "total world" approach, but w...
by MnD
Tue Jan 19, 2016 11:01 pm
Forum: Personal Finance (Not Investing)
Topic: How to secure documentation of Federal civil service time to get credit in state retirement system
Replies: 5
Views: 353

Re: How to secure documentation of Federal civil service time to get credit in state retirement system

I'd contact your closest office of your U.S. Representative - the person who votes for military appropriations.
A contact from their office to CPAC may do wonders.
The federal DoD CPAC office does not have the option to "not touch this action".
by MnD
Mon Jan 18, 2016 11:02 am
Forum: Investing - Help with Personal Investments
Topic: Bond allotment with pension?
Replies: 1
Views: 157

Re: Bond allotment with pension?

Personal preference. With a pension you can afford to take more risk, or conversely can take less risk since at least a fair chunk of your expenses in retirement will be covered. So there is no correct "adjustment" for a pension for fixed income holdings. You also might leave the governmen...
by MnD
Sun Jan 17, 2016 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: Where does the "need" to max out all retirements accounts come from?
Replies: 55
Views: 5047

Re: Where does the "need" to max out all retirements accounts come from?

The experience of most people I know would be closer to being at 15% throughout pre-retirement, and then 25% post-retirement, so the difference is even worse than 25%/28%. Skeptical. Every dollar of out tax-deferred savings typically comes out at top marginal rate - in our case 28% now and whatever...
by MnD
Sun Jan 17, 2016 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Where does the "need" to max out all retirements accounts come from?
Replies: 55
Views: 5047

Re: Where does the "need" to max out all retirements accounts come from?

We could do so but opt not to. We did reach maxing out our 401-K's including catch up and with matching that's plenty. We do none of the other options (back-door Roths, HSA's, etc.). We have a nice taxable account but don't add to it anymore and in fact spend from it after major bull markets. We als...
by MnD
Sat Jan 16, 2016 11:46 am
Forum: Investing - Theory, News & General
Topic: Who's buyin' today?
Replies: 127
Views: 10638

Re: Who's buyin' today?

Rebalancing bands have been exceeded for the first time in almost 3 years.
So yes, but not till the market reopens. Looks like I can do it all in my 401-K so pretty easy.
by MnD
Sat Jan 16, 2016 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Tell me about Expected Family Contribution for college
Replies: 59
Views: 3310

Re: Tell me about Expected Family Contribution for college

If you post on BH and have been a BH since the kids were born or close to it your Expected Family Contribution is almost certainly 100% of the cost, especially if you are still employed at the time. Yep. It looked to me like our annual EFC was all of our discretionary income plus 1/4 of our financi...
by MnD
Sat Jan 16, 2016 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Tell me about Expected Family Contribution for college
Replies: 59
Views: 3310

Re: Tell me about Expected Family Contribution for college

I don't "need" financial aid. I want the best deal for higher education for my family, and look forward to any form of aid that is available and my kids qualify for. In the demographic of many Bogleheads (decent income, LBYM so lots of assets and low debt come college time) but not "...
by MnD
Fri Jan 15, 2016 7:29 pm
Forum: Investing - Theory, News & General
Topic: VWO seems cheap right now
Replies: 183
Views: 27044

Re: VWO seems cheap right now

Well on the bright side, losses in VWO I purchased more recently are now large enough that I can tax loss it with SCHE and sell the last remains of my highly appreciated EEM purchased many years ago with no net tax liability. Using VWO and SCHE as tax-loss pairs makes it unsure which one I will end ...
by MnD
Fri Jan 15, 2016 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: Federal Employees Group Life Insurance After Retirement
Replies: 15
Views: 1756

Re: Federal Employees Group Life Insurance After Retirement

The amount of FEGLI Basic coverage is equal to one's salary prior to retirement. So even after the 75 reduction at about age 68 premium free coverage remains in effect with a death benefit equal to 25% of one's prior annual pay . If one were to have been in a higher paying role 1/4th of a years pay...
by MnD
Wed Jan 13, 2016 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: Help - want to pay "cash" for a car
Replies: 68
Views: 3586

Re: Help - want to pay "cash" for a car

Last three vehicles personal check and drove off. One I ordered and they didn't even ask for a deposit - just a purchase contract signature. Called me up when it arrived 8 weeks later and wrote a check at delivery. I don't really care about credit checks so probably they did so during payment proces...
by MnD
Tue Jan 12, 2016 1:14 pm
Forum: Investing - Theory, News & General
Topic: Does your Brokerage delay mailed checks?
Replies: 3
Views: 357

Re: Does your Brokerage delay mailed checks?

Received Jan 11. Paperwork shows processed Jan 4 and since this "delay" happens every year, I think Schwab has a several day delay built into the system. Most first class here arrives in 2 "mail" days from mailing, sometimes 3. Not 6.
by MnD
Sun Jan 10, 2016 1:32 pm
Forum: Investing - Theory, News & General
Topic: Does your Brokerage delay mailed checks?
Replies: 3
Views: 357

Does your Brokerage delay mailed checks?

Put in an funds withdrawal order Jan 2 at Schwab, funds were shown removed from my account Monday morning Jan 4 and yet through Saturday Jan 9 no check. This happens every year....... I do have a good reason not to link this account electronically, so we can skip that suggestion.
by MnD
Sun Jan 10, 2016 11:17 am
Forum: Personal Finance (Not Investing)
Topic: How to start retirement decumulation from 401k with social security delay
Replies: 12
Views: 1186

Re: How to start retirement decumulation from 401k with social security delay

I don't see any reason to make the one-time 4-year of living expenses withdrawal from TSP. The TSP has arguably the perfect bond fund - a fund that has the characteristics of a money market fund that earns a blended interest rate of intermediate to long-term treasuries. So if your intent of the with...
by MnD
Sat Jan 09, 2016 12:24 pm
Forum: Investing - Theory, News & General
Topic: I'm curious if over-weighting equity investors still ok?
Replies: 92
Views: 6537

Re: I'm curious if over-weighting equity investors still ok?

As an age-in-bonds guy who has passed up some bigger gains over the past few years, I'm wondering if the age-in-bonds minus 20 (or so) crowd is getting nervous after this week, or committed to sticking it out? I've been roughly 75/25 stocks/fixed income coming up on almost 30 years now, intend to h...
by MnD
Sat Jan 09, 2016 10:03 am
Forum: Investing - Help with Personal Investments
Topic: TLH from VFWAX to VTSAX
Replies: 6
Views: 459

Re: TLH from VFWAX to VTSAX

Of course it's "OK" but bailing on international (Total Stock Market ex-US) or any other asset category after losing $28K and moving it into another asset category that has had relatively better performance (Total US Stock Market) in the recent past isn't exactly the roads to riches. It's ...
by MnD
Fri Jan 08, 2016 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Debit Card vs. Credit Card
Replies: 6
Views: 692

Re: Debit Card vs. Credit Card

Actual cash might have had a behavior impact for me, but debit card was the same as credit card as we always kept plenty of money in the bank account. So it wasn't a matter of "running out" when using the debit card and it also had a no fee overdraft protection feature. Now we charge every...
by MnD
Fri Jan 08, 2016 1:47 pm
Forum: Personal Consumer Issues
Topic: Tough Frugal Decisions
Replies: 80
Views: 11479

Re: Tough Frugal Decisions

We're flying coach to Hawaii on the way out next month. No first class seats available using miles.
First class lay-flat on the redeye home, but coach going out - OMG!
At least it's economy plus with the extra leg room and I did spring for first-class on the inter-island flights too.
by MnD
Thu Jan 07, 2016 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: How would a boglehead spend the lotto?
Replies: 36
Views: 1488

Re: How would a boglehead spend the lotto?

Retire immediately. Change phone numbers and move into luxury temporary quarters. Never fly anything less than first class again. Purchase or build awesome homes in Colorado (home state) and Hawaii (have visited 9 times). $1M to each sibling (in trust with spending limits for the spendthrift one.) H...
by MnD
Wed Jan 06, 2016 11:47 pm
Forum: Investing - Theory, News & General
Topic: 2015 Performance
Replies: 12
Views: 1061

Re: 2015 Performance

Mid 1986 start here - 1987 was no picnic! :shock:
Make an annual spreadsheet that includes compounding.
You'll likely be positively surprised after you get some years in. :happy
by MnD
Wed Jan 06, 2016 11:37 pm
Forum: Personal Consumer Issues
Topic: How is Costco's gas so cheap? (15% cheaper in my area)
Replies: 59
Views: 4980

Re: How is Costco's gas so cheap? (15% cheaper in my area)

$1.65 at my neighborhood Costco today.
Throw in 4% Amex-biz card cash back and 2% Exec membership cash back.....
$1.55 a gallon. :beer
by MnD
Wed Jan 06, 2016 10:00 pm
Forum: Investing - Theory, News & General
Topic: VWO: what a terrible performance!!
Replies: 79
Views: 7532

Re: VWO: what a terrible performance!!

I'm looking at doing some tax-loss harvesting of my VWO. Short of selling, holding proceeds in a money market fund and reinvesting in 31 days, what would be a reasonable similar-but not similar enough to trigger a wash sale-fund to use for the next 31 days? The following three all track different i...
by MnD
Wed Jan 06, 2016 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: Incorporating your home into networth calculation
Replies: 100
Views: 4211

Re: Incorporating your home into networth calculation

Why not? Once a year I update a spreadsheet with Dec 31 values of major assets (investments plus house), home value, debt, net worth, investment net worth, investments by account XIRR returns and absolute account changes (including subtractions and additions of funds). It take a couple hours while d...
by MnD
Wed Jan 06, 2016 5:43 pm
Forum: Personal Consumer Issues
Topic: How is Costco's gas so cheap? (15% cheaper in my area)
Replies: 59
Views: 4980

Re: How is Costco's gas so cheap? (15% cheaper in my area)

Read their annual report - in many years their entire net profit equal to the membership fees. Basically a $116 billion per year scale non-profit excluding the membership fees. Most gas stations are Mom and Pop owned with little or no economies of scale and have to pay royalties to be a "name b...
by MnD
Wed Jan 06, 2016 4:03 pm
Forum: Investing - Help with Personal Investments
Topic: Inherited IRA
Replies: 20
Views: 1056

Re: Inherited IRA

How do you calculate RMDs? I looked into Vanguard's RMD service, but after a cursory glance at the site, it seemed like it was only applicable to people in retirement, not for inherited IRAs? http://www.schwab.com/public/schwab/investing/retirement_and_planning/understanding_iras/ira_calculators/be...
by MnD
Wed Jan 06, 2016 3:16 pm
Forum: Investing - Theory, News & General
Topic: VWO: what a terrible performance!!
Replies: 79
Views: 7532

Re: VWO: what a terrible performance!!

Trading VWO back and forth with SCHE for tax losses while selling EEM for corresponding tax gains since the great recession and more recently during the EM-specific downturn had enabled me to sell 90% of my highly appreciated EEM shares with no tax liability and without altering my allocation to EM....
by MnD
Wed Jan 06, 2016 3:02 pm
Forum: Investing - Theory, News & General
Topic: VWO: what a terrible performance!!
Replies: 79
Views: 7532

Re: VWO: what a terrible performance!!

I don't really see a problem here with VWO. The investor share counterpart (with higher expenses than VWO) seems to have done OK. 12 year period selected since EEM, the granddaddy of EM ETF's was launched in mid-2003. If one is looking for a shot at "big out-performance", index funds might...
by MnD
Wed Jan 06, 2016 10:18 am
Forum: Investing - Theory, News & General
Topic: VWO: what a terrible performance!!
Replies: 79
Views: 7532

Re: VWO: what a terrible performance!!

I'm definitely not one of those people. Search my posts and you will see this. I have never held international and I have been saving for retirement for over 21 years. As far as the Total Bond Market Index Fund being broken, I hold bonds for safety and this may be where I will not follow Jack. I be...
by MnD
Wed Jan 06, 2016 9:31 am
Forum: Investing - Theory, News & General
Topic: VWO: what a terrible performance!!
Replies: 79
Views: 7532

Re: VWO: what a terrible performance!!

Or take his advice that the Total Bond Market Index is broken and that one should substitute 50% corporate bond index for TBM. It cracks me up how the "Jack Bogle says" crowd only comes out with their "call to authority" logical fallacy when a particular sector has a bad year or ...
by MnD
Tue Jan 05, 2016 11:14 am
Forum: Investing - Help with Personal Investments
Topic: Index fund, TSP question
Replies: 8
Views: 738

Re: Index fund, TSP question

Does anyone contribute to the Thrift Savings Plan (TSP) in addition to an index fund, say from Vanguard? My TSP is distributed among the DJIA index, the S&P500 index as well as a foreign stock exchange index, and I'm wondering if it would be redundant to start an index fund with Vanguard in add...
by MnD
Mon Jan 04, 2016 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Costco AMEX Transition - Costco has no answers
Replies: 18
Views: 2617

Re: Costco AMEX Transition - Costco has no answers

Are you worried your Amex cash back will be lost?
That would create a huge pool of bad-will with customers of Costco, Amex and the new card issuer.
Chances of losing cash-back earned on the old card after Jan 1 are nil.
I'm not worrying about it.
by MnD
Mon Jan 04, 2016 7:18 pm
Forum: Investing - Theory, News & General
Topic: frustrating to keep investing in international/EM
Replies: 110
Views: 7941

Re: frustrating to keep investing in international/EM

Look at the country breakdown for Vanguard Total World. https://personal.vanguard.com/us/funds/snapshot?FundId=3141&FundIntExt=INT#tab=2 IMO it couldn't be more any more boring or less scary for a US investor. Every other country combined is less than US. The top 10 stocks are all US stocks, but...

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