Search found 2690 matches

by MnD
Mon May 02, 2016 11:33 am
Forum: Personal Finance (Not Investing)
Topic: FERS best day to retire usually 12/31 advice
Replies: 7
Views: 1229

Re: FERS best day to retire usually 12/31 advice

While I'm not there yet, I like the idea of retiring at the very end of the year, even though I'll have reached the maximum income for Social Security taxes before the end of the year. Here's my rationale in order of importance: 1. I don't mind paying into Social Security the year after I retire be...
by MnD
Sun May 01, 2016 8:06 am
Forum: Personal Finance (Not Investing)
Topic: denied Schwab overdraft credit line and trying to understand why
Replies: 14
Views: 1151

Re: denied Schwab overdraft credit line and trying to understand why

Interesting..... I was unaware that Schwab Bank offered an overdraft credit line on checking. In the Schwab account agreement I see now it mentions one may be offered to certain customers , but I've yet to find any specific info on it. Is there a charge/fee for accessing it other than the interest t...
by MnD
Sat Apr 23, 2016 2:13 pm
Forum: Investing - Theory, News & General
Topic: Anyone Have a Near Retirement Strategy for Sequence of Return Risk?
Replies: 88
Views: 7381

Re: Anyone Have a Near Retirement Strategy for Sequence of Return Risk?

We are planning on 5% of portfolio balance of 75/25 constant allocation.
I have evaluated many other approaches and keep coming back to that one.
by MnD
Mon Apr 18, 2016 9:12 am
Forum: Personal Finance (Not Investing)
Topic: FERS best day to retire usually 12/31 advice
Replies: 7
Views: 1229

FERS best day to retire usually 12/31 advice

This common advice to Federal employees seems to guarantee all your vacation payout will be subject to an additional 6.2% FICA tax does it not? For those that hit the earnings cap annually, shouldn't a possible best day be a date after you hit the SS earnings tax cap and before when the annual leave...
by MnD
Mon Apr 18, 2016 8:32 am
Forum: Personal Finance (Not Investing)
Topic: How Did You File Your Income Taxes for 2015?
Replies: 101
Views: 4059

Re: How Did You File Your Income Taxes for 2015?

TurboTax Deluxe with free federal e-file. Completed the state version in TT but used the state on-line system to e-file it to avoid the TT e-file charge on state. I helped the kids go through the IRS free-file system and both selected TT free file edition and had absolutely free prep and filing for ...
by MnD
Sun Apr 03, 2016 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: 410-K to IRA rollover=unearned income for kiddie tax?
Replies: 4
Views: 297

Re: 410-K to IRA rollover=unearned income for kiddie tax?

Daughter has 2 1098-T's. One was for tuition far in excess of scholarships (undergrad). The other (grad school) had scholarships slightly more than tuition. When combined, scholarships were much less than tuition. But...... She answered yes that some of the 2nd one was used for room and board which ...
by MnD
Sat Apr 02, 2016 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: 410-K to IRA rollover=unearned income for kiddie tax?
Replies: 4
Views: 297

Re: 410-K to IRA rollover=unearned income for kiddie tax?

Thanks Alan and that's what I would think also. But I've checked her 1099 entry three times now. Box 1 gross distribution = $1577 Box 2 taxable amount = $0 Box 2b total distribution = checked Box 7 Distribution code = G (Direct rollover and rollover contribution) Her return Form 1040: Line 16A: $157...
by MnD
Sat Apr 02, 2016 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: 410-K to IRA rollover=unearned income for kiddie tax?
Replies: 4
Views: 297

410-K to IRA rollover=unearned income for kiddie tax?

Really? That's how Turbotax (Freedom edition) is handling it for my daughter age 23 on her return. Full-time grad student and a dependent in 2015 as she was an dependent undergrad January-May and lived at home June-August. Emancipated September 2015 but did not earn 50% of her support for the year. ...
by MnD
Thu Mar 17, 2016 11:26 am
Forum: Investing - Theory, News & General
Topic: How have your homes as investments done?
Replies: 154
Views: 10981

Re: How have your homes as investments done?

Bought 1991 $108K Current $428K
CAGR 5.66%

We're very pleased with this and our overall cost of housing now.
2500SF on 3/4 acre and we spend less on housing than someone renting a really low-end 1 bedroom apartment is spending in our market.
by MnD
Tue Mar 15, 2016 8:51 pm
Forum: Investing - Theory, News & General
Topic: Investing in Marijuana businesses
Replies: 49
Views: 5107

Re: Investing in Marijuana businesses

Until/unless the US Federal government actually legalises (not just decriminalises) marijuana, this is a very stupid way to expose yourself to the Deep Risk of government confiscation. DEA confiscation powers for "drug-fueled gains" can be quite exhaustive and expansive, with limited and ...
by MnD
Mon Mar 14, 2016 7:21 pm
Forum: Investing - Theory, News & General
Topic: Investing in Marijuana businesses
Replies: 49
Views: 5107

Re: Investing in Marijuana businesses

I live in Colorado and I think Big Tobacco and/or Big Alcohol companies will end up owing the industry. A few small companies will benefit and most others will fall by the wayside. Many smart people work in the industry and they will know the winners and losers among the microcaps long before the ge...
by MnD
Sun Feb 28, 2016 10:44 am
Forum: Investing - Theory, News & General
Topic: personal savings rate vs the general population
Replies: 69
Views: 9016

Re: personal savings rate vs the general population

In it, he writes: your generation will begin to save prodigiously. In such an environment, it will be very difficult to gain a comparative advantage over your peers. The all-household median retirement savings range for younger and older boomers, roughly the two oldest categories in this chart is $...
by MnD
Sun Feb 28, 2016 10:22 am
Forum: Investing - Theory, News & General
Topic: How long should I wait for Vanguard to respond?
Replies: 26
Views: 3472

Re: How long should I wait for Vanguard to respond?

Likewise. Sadly, in terms of the customer service part of investing, it seems that contrary to John Bogle's theorem, you do get what you pay for. I'm about half & half with VG & Fido. Thinking of moving assets to Fidelity the next time there is a serious screw up at VG. If you stick to Fido...
by MnD
Sat Feb 27, 2016 10:46 am
Forum: Investing - Theory, News & General
Topic: How long should I wait for Vanguard to respond?
Replies: 26
Views: 3472

Re: How long should I wait for Vanguard to respond?

This is a big reason I do not have a Vanguard account, I have concerns about their customer service. I do own some Vanguard funds and am a big fan. Agree strongly. The minuscule cost percentage-wise of the commission for buying/selling a Vanguard ETF somewhere else with a decent customer service pl...
by MnD
Sat Feb 27, 2016 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Bank Accounts
Replies: 66
Views: 5105

Re: Bank Accounts

Checking and Savings. We both like the mental accounting of savings which is our major purchase spending account while checking is pretty much money-in money out. We both auto-deposit most salary into checking and a smaller auto-deposits into saving. We don't take out of savings unless we agree on t...
by MnD
Thu Feb 25, 2016 1:13 pm
Forum: Investing - Theory, News & General
Topic: What withdrawal % are you planning on?
Replies: 89
Views: 6140

Re: What withdrawal % are you planning on?

5% of year-end balances. % of year-end balances helps prevent portfolio meltdown as well as run-away portfolio values to the upside. We'll have no problem with the variability due to a lot of fixed costs being covered by other income sources. Also have several other options that could be deployed if...
by MnD
Sat Feb 20, 2016 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: End of debit cards for me
Replies: 128
Views: 10194

Re: End of debit cards for me

This is exactly why we never use our ATM/debit card for anything but ATM withdrawals. That's my usual practice as well. It was used for a purchase only twice in the last year when for some reason I ended up being out to get cash without my other cards and made a spur of the moment purchase, the las...
by MnD
Sat Feb 20, 2016 9:56 am
Forum: Personal Finance (Not Investing)
Topic: End of debit cards for me
Replies: 128
Views: 10194

End of debit cards for me

Other than ATM's (a couple a month) I've used my debit card for purchases twice in the last 12 months. I use credit cards for everything. I think in both cases I had left my full wallet at home, grabbed my debit card to get some cash and also ended up making a small purchase on that errand. So this ...
by MnD
Tue Feb 16, 2016 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: End of Life Documents
Replies: 18
Views: 2012

Re: End of Life Documents

We just signed the 4 major documents mentioned here each - so documents 8 in total this morning prepared through an attorney. Pretty plain vanilla other than directing non-retirement account assets to a trust for the youngest child (college age) to be disbursed when he's a bit older. $1200 flat fee ...
by MnD
Mon Feb 15, 2016 12:04 pm
Forum: Investing - Help with Personal Investments
Topic: Any legitimate insurance/investment hybrids?
Replies: 23
Views: 1850

Re: Any legitimate insurance/investment hybrids?

Stable value funds in 401-K's and some 529 plans are usually insurance company issued investment products.
They use their large fixed income portfolios and balance sheets to "insure" price stability and liquidity.
Most people would say they are legitimate.
by MnD
Sun Feb 14, 2016 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: help please, burden of sister-in-law threatens happy marriage
Replies: 41
Views: 5314

Re: help please, burden of sister-in-law threatens happy marriage

I wouldn't have anything to do with a person like that other than offer free advice if she asked for it. Tell your wife you refuse to provide any of your time or income to her or any marital income or property. People like that are just a never ending black hole for using up time and money and gener...
by MnD
Fri Feb 12, 2016 1:21 pm
Forum: Investing - Theory, News & General
Topic: Any regrets by people 50+ for having a conservative portfolio in their 30's
Replies: 68
Views: 7833

Re: Any regrets by people 50+ for having a conservative portfolio in their 30's

Yes. The conventional wisdom in the 1980's and early 90's was 50:50 or maybe the Merrill Lynch 60:40 portfolio. The idea of age-adjusted glidepaths just wasn't out there or at least not something I was ever exposed to despite being a vorocious reader of financial planning info. To compound the probl...
by MnD
Thu Feb 11, 2016 12:19 pm
Forum: Personal Consumer Issues
Topic: Bear Meat
Replies: 37
Views: 3331

Re: Bear Meat

I disagree with the negative reviews of the taste.
I get bear claws at my local bakery and they are absolutely delicious.
by MnD
Thu Feb 11, 2016 11:46 am
Forum: Investing - Help with Personal Investments
Topic: Selling ETF Using A Limit Order
Replies: 12
Views: 727

Re: Selling ETF Using A Limit Order

Thanks for confirming. Wanted to TLH but have a slight gain with only one lot. I know I could just accept the small gain and move on but I don't want any gain. Guess I'll read up on stops or stop limits, just know people have been burned on those. Until then I'll keep babysitting. I don't think you...
by MnD
Thu Feb 11, 2016 11:45 am
Forum: Investing - Help with Personal Investments
Topic: Selling ETF Using A Limit Order
Replies: 12
Views: 727

Re: Selling ETF Using A Limit Order

At least some of it will sell at the bid. If the bid quantity is insufficient the remainder will fill at prices between the bid and the limit including the limit price. If there are not enough buy orders between and including the bid and limit price to fill the order you will get a partial sale. If ...
by MnD
Wed Feb 10, 2016 1:42 pm
Forum: Investing - Theory, News & General
Topic: Schwab vs Vanguard
Replies: 27
Views: 2531

Re: Schwab vs Vanguard

The volume and bid/ask spread on the Schwab ETF's seems to have improved lately. I wonder if the Schwab robo-advisor service isn't improving volume and spreads. The last time I purchased SCHE (emerging markets) the spread was a 1 cent and last purchase of SCHC (small cap international) the spread wa...
by MnD
Tue Feb 09, 2016 11:33 pm
Forum: Investing - Theory, News & General
Topic: Schwab vs Vanguard
Replies: 27
Views: 2531

Re: Schwab vs Vanguard

We have and have had Vanguard ETF's with admiral-level expense ratios in Schwab and Fidelity accounts.
Schwab is my far and away favorite for service and Vanguard ETF's are a click away.
by MnD
Sat Feb 06, 2016 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Costco AMEX Transition - Costco has no answers
Replies: 118
Views: 15929

Re: Costco AMEX Update

Here is the link to the SEC filing. http://www.sec.gov/Archives/edgar/data/909832/000090983215000012/costex10110qa51015.htm The new Costco Visa will be the only one to earn 3% (or 4% if you have the business card) back on Costco Gas. That's the only real advantage that this card will have, other th...
by MnD
Sat Feb 06, 2016 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Costco AMEX Transition - Costco has no answers
Replies: 118
Views: 15929

Re: Costco AMEX Update

Costco Visa officially delayed until "early summer". Per the post above, the rewards terms are the same and in an SEC filing? Link? That seems odd that they would keep everything the same and that reward terms would be required content to report to the SEC. I'm still expecting significant ...
by MnD
Sat Feb 06, 2016 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Retirees: What percentage of your expenses are covered by SS and/or pensions
Replies: 84
Views: 5890

Re: Retirees: What percentage of your expenses are covered by SS and/or pensions

Define expenses. Depending on the definition - Somewhere between 50% and over 100%. I know we will be able to keep the present roof over our heads, the lights/heat on, food, taxes, insurance, 1 car etc. So 100% coverage. If we downsized >100% coverage. I also know that adding in portfolio income we ...
by MnD
Fri Feb 05, 2016 3:21 pm
Forum: Investing - Theory, News & General
Topic: Boglehead mentality re todays oil price
Replies: 22
Views: 2201

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: 27
Views: 2646

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: 74
Views: 8054

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: 74
Views: 8054

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: 31
Views: 3304

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: 343

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: 90
Views: 5408

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: 2871

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: 65
Views: 5219

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: 1980

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: 48
Views: 5187

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: 2191

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: 5973

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: 738

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: 738

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: 2603

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: 1817

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: 3889

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: 2901
Views: 612642

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: 391

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".

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