Search found 238 matches

by RandomPointer
Mon Feb 12, 2018 12:14 pm
Forum: Investing - Theory, News & General
Topic: how did you determine your risk tolerance?
Replies: 103
Views: 4839

Re: how did you determine your risk tolerance?

I maintain my own excel spreadsheet and I know exactly how much money I contribute, and how much have I gain over the years. I have decided that the max amount of risk that I am willing to take is 10% loss of my principal. If the stock market crashes and lost half of its value, and bond value lost a...
by RandomPointer
Fri Jan 26, 2018 12:59 am
Forum: Investing - Help with Personal Investments
Topic: I am adjusting my portfolio, can I get sanity check, please?
Replies: 9
Views: 950

Re: I am adjusting my portfolio, can I get sanity check, please?

Thanks for the input. I looked at Trinity study update, and I am rethinking my approach. My goal is that I am in the workforce for another 15 years, and be financially independent in ten. Adjusting the safe withdrawal rate to 3.5% adds one year to my target fi date. Changing the expected real return...
by RandomPointer
Thu Jan 25, 2018 12:53 am
Forum: Investing - Help with Personal Investments
Topic: I am adjusting my portfolio, can I get sanity check, please?
Replies: 9
Views: 950

I am adjusting my portfolio, can I get sanity check, please?

I am using Rick Ferri core four portfolio, 20% bonds. The market has been doing really well for the past seven years, and I am very happy with the progress. Now I have these options, stay 20% bonds, or increase my bond allocation to 30%. Both allocation will allow me to be financially independent ro...
by RandomPointer
Mon Jan 22, 2018 7:57 pm
Forum: Personal Consumer Issues
Topic: Rent (free at library) or buy books?
Replies: 50
Views: 2961

Re: Rent (free at library) or buy books?

I love eBooks. I mostly borrow, and sometimes I purchase them. I still get physical books, for those that I really like, or books that I use as references, has tons of graphics, tables, books that need flipping back and forth, or books that I would like to give away or loan. How can you leave eBooks...
by RandomPointer
Thu Jan 11, 2018 11:12 pm
Forum: Investing - Help with Personal Investments
Topic: Total cost basis in form 8606
Replies: 4
Views: 491

Re: Total cost basis in form 8606

Good point. Reasonable is more accurate.

As long as it is not a mistake, I am okay.

Thanks.
by RandomPointer
Thu Jan 11, 2018 3:49 pm
Forum: Investing - Help with Personal Investments
Topic: Total cost basis in form 8606
Replies: 4
Views: 491

Re: Total cost basis in form 8606

My bad, I did not write my original post correctly.

I lost value when the money was still in T-IRA. I converted less than what I originally contributed.
by RandomPointer
Thu Jan 11, 2018 2:19 am
Forum: Investing - Help with Personal Investments
Topic: Total cost basis in form 8606
Replies: 4
Views: 491

Total cost basis in form 8606

I started doing backdoor Roth IRA in 2014. That year I did not expect that I would not be eligible to make Roth IRA contribution. So I did my conversion, and I converted just a little bit less than what I contributed. I invested my money in Roth IRA, and I lost some value. Now, I have $4 cost basis ...
by RandomPointer
Tue Dec 12, 2017 1:57 am
Forum: Investing - Help with Personal Investments
Topic: If you use EE Bonds, what did drive your decision
Replies: 41
Views: 3000

Re: If you use EE Bonds, what did drive your decision

I appreciate all the input. Thank you. :) There has been many threads that I reviewed, and I am well aware about the interest rate risk. It was the liquidity problem that bothered me. There are plenty of information, but I found it beneficial to find the reasons why you choose EE bonds. Reading this...
by RandomPointer
Sat Dec 09, 2017 2:37 pm
Forum: Investing - Help with Personal Investments
Topic: If you use EE Bonds, what did drive your decision
Replies: 41
Views: 3000

If you use EE Bonds, what did drive your decision

I have seen plenty of discussions about EE bonds. I still cannot make my mind up whether I should get EE bonds or not. The guaranteed return is really good, but 20 years is a long time to invest. I am planning to start building an income ladder for retirement. Two only that hold me back is the 20 ye...
by RandomPointer
Sat Dec 09, 2017 2:26 pm
Forum: Investing - Help with Personal Investments
Topic: Transferring mutual fund to another
Replies: 3
Views: 248

Transferring mutual fund to another

I have an appreciated mutual fund that I would like to give to another person. My account is with Vanguard. I would like to give part of it. I have never done it, what do I have to do? I did a quick search on Vanguard site, and this forum, I don't see a relevant information. There are a lot of info ...
by RandomPointer
Fri Aug 11, 2017 11:46 am
Forum: Personal Consumer Issues
Topic: Laptop suggestions pls
Replies: 30
Views: 2845

Re: Laptop suggestions pls

Consumer reports just changed them to be "not recommended" because so many of them have had problems. https://www.consumerreports.org/laptop-computers/microsoft-surface-laptops-and-tablets-not-recommended-by-consumer-reports/ https://twitter.com/tomwarren/status/895732676551987200 Consumer Reports ...
by RandomPointer
Wed Jul 26, 2017 10:09 am
Forum: Personal Consumer Issues
Topic: online storage for small community - dropbox? other?
Replies: 6
Views: 477

Re: online storage for small community - dropbox? other?

I have been using OneDrive. If you are using MS Office documents, the viewer works. The apps are available on phones.

One thing that I like about OneDrive is that you can share a link with an expiration date.
by RandomPointer
Sun Jul 16, 2017 10:01 pm
Forum: Investing - Theory, News & General
Topic: When to reduce risk?
Replies: 18
Views: 1780

Re: When to reduce risk?

A lot of great replies. Thank you. My expected annual return for my portfolio is 6%. Other than 2011 and 2015, I have been pleased with the return. I started properly investing with index funds in 2013, and I have data for my retirements from 2011. I started investing long before that, but I don't h...
by RandomPointer
Sun Jul 16, 2017 9:47 am
Forum: Investing - Theory, News & General
Topic: When to reduce risk?
Replies: 18
Views: 1780

When to reduce risk?

Thanks to this forum, I am almost half-way to my target retirement balance. I am using Core Four portfolio with 20% bond. My goal is to have 40% bond during retirement. One thing that I do not understand is when to reduce risk? Should I start increasing bond allocation when my portfolio reaches cert...
by RandomPointer
Fri Jul 07, 2017 6:51 pm
Forum: Investing - Theory, News & General
Topic: "My Favorite Mutual Fund"
Replies: 11
Views: 1978

Re: "My Favorite Mutual Fund"

I looked at Jim's portfolio, and he has 5% tilt to small cap value, large value, and emerging market.

Is 5% tilt enough to make a difference?
by RandomPointer
Tue May 02, 2017 6:47 pm
Forum: Investing - Theory, News & General
Topic: Giving a Talk on Personal Finance & Investing - Advice?
Replies: 41
Views: 3473

Re: Giving a Talk on Personal Finance & Investing - Advice?

I did similar talk several times, a lot of people do not know how they are taxed.

At the end, I do not think anyone will remember 10% of what I shared. I made this point, that if they remember one thing, remember that fees matter. Focus on low cost broadly diversified index fund.
by RandomPointer
Mon Feb 20, 2017 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Reporting backdoor Roth IRA with H&R Block
Replies: 15
Views: 1656

Re: Reporting backdoor Roth IRA with H&R Block

portfoliothrowaway wrote:If you have other assets in trad IRA, rollover IRA, etc. from previous jobs or whatnot, does that mean I effectively cannot do a backdoor roth IRA without getting taxed on the amounts from the previous IRAs?
Yup, your IRAs are treated as a one thing, and your conversion is prorated.
by RandomPointer
Mon Feb 20, 2017 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Reporting backdoor Roth IRA with H&R Block
Replies: 15
Views: 1656

Re: Reporting backdoor Roth IRA with H&R Block

Just finished mine yesterday and it treated it correctly. As someone notes above, it is confusing. First with the language but secondly in that when you enter the distribution it seems as if it isn't doing it correctly but when you get to the IRA contribution area at the end of that interview area ...
by RandomPointer
Mon Feb 20, 2017 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Reporting backdoor Roth IRA with H&R Block
Replies: 15
Views: 1656

Re: Reporting backdoor Roth IRA with H&R Block

8606 line 1-5 is empty. I followed Harry Sit's walkthrough here: https://thefinancebuff.com/how-to-backdoor-roth-hr-block-software.html I repeated the steps over and over again. HRB always treat my conversion as taxable, and I cannot treat my current contribution as non-taxable. In the link that I p...
by RandomPointer
Mon Feb 20, 2017 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Reporting backdoor Roth IRA with H&R Block
Replies: 15
Views: 1656

Re: Reporting backdoor Roth IRA with H&R Block

I followed the step by step instruction from thefinancebuff.com to file backdoor roth IRA for HRB. The thing is, $5,500 is treated as distribution, but it is not treated as non-deductible distribution. I pay tax on the 'distribution' of my non-deductible tax contribution. My taxable income increases...
by RandomPointer
Mon Feb 20, 2017 2:22 am
Forum: Personal Finance (Not Investing)
Topic: Reporting backdoor Roth IRA with H&R Block
Replies: 15
Views: 1656

Re: Reporting backdoor Roth IRA with H&R Block

I did everything correctly several times. It seems that there is a bug with the H&R Block software. http://community.hrblock.com/t5/DIY-Products/Nondeductible-IRA-contributions-and-Form-8606/td-p/65392#.WKo_ZIWcG70 I will take a look at it again tomorrow. The worksheet for form 8606 has a checkbox t...
by RandomPointer
Sun Feb 19, 2017 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Reporting backdoor Roth IRA with H&R Block
Replies: 15
Views: 1656

Reporting backdoor Roth IRA with H&R Block

I am trying to report backdoor Roth IRAs with H&R Block. I followed Harry Sit's step by step guidance. I am expecting line 15b to be zero. However, it is not zero. I have basis from the previous year 8606 for $6. Line 15b shows $10,994. Form 8606 skips part I, Nondeductible contributions to Traditio...
by RandomPointer
Mon Feb 13, 2017 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Trust Services
Replies: 8
Views: 1178

Re: Vanguard Trust Services

I called their number, and I was able to talk directly to the right person. We exchanged emails, and the representative gave me documents, I forwarded the doc to my attorney, and she reviewed the document. They require the will to include some specific trust provision. We have a will with Vanguard a...
by RandomPointer
Tue Jan 24, 2017 2:01 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard as trustee
Replies: 34
Views: 4688

Re: Vanguard as trustee

Talzara, thanks for the Schwab fee schedule. From my discussion with Vanguard, I was told that they require Vanguard to be the asset manager. I cannot pick a fund like balanced index fund, but I have to use their service. That requires management fee, and administration fee. They charge 0.55% below ...
by RandomPointer
Mon Jan 23, 2017 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard as trustee
Replies: 34
Views: 4688

Re: Vanguard as trustee

Thanks for the links to the brochures. I talked to the Fidelity rep today, and he said that there is no fee. Apparently that is incorrect. This is what I see from Schwab. http://www.schwab.com/public/schwab/investing/pricing_services/fees_minimums I have an attorney drafted the will, and it has a ge...
by RandomPointer
Mon Jan 23, 2017 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard as trustee
Replies: 34
Views: 4688

Re: Vanguard as trustee

I called Vanguard and received documentations for the trust service. They have fees on top of the mutual funds fees. I also compared them with Fidelity and Schwab. Both Fidelity and Schwab do not have fees on top of the ETF/Funds.

I am having a second thoughts about using Vanguard here. Any thoughts?
by RandomPointer
Mon Jan 16, 2017 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard as trustee
Replies: 34
Views: 4688

Re: Vanguard as trustee

You should put the terms of the trust in your will. Direct the PR to transfer your estate to your Trustee. Instruct the Trustee to either keep the funds the way received ( your Apple stock or your home, if appropriate for example), or if converted to cash, to invest the proceeds within the Vanguard...
by RandomPointer
Mon Jan 16, 2017 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard as trustee
Replies: 34
Views: 4688

Vanguard as trustee

First, my apology if I use the terms incorrectly, I am not that great with legal terms. We are drafting a will, and I would like the personal representative to setup a trust to keep our saving until our daughter is ready. I am thinking to put a binding instruction for my personal representative to s...
by RandomPointer
Fri Dec 02, 2016 7:49 pm
Forum: Personal Consumer Issues
Topic: Anyone use a tankless hot water heater???
Replies: 26
Views: 3769

Re: Anyone use a tankless hot water heater???

Like others have said, look at the flow rate. It may not have the capacity that you want.
by RandomPointer
Fri Dec 02, 2016 11:14 am
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting with intermediate term bond fund
Replies: 2
Views: 519

Re: Tax loss harvesting with intermediate term bond fund

Yes, my intention is to exchange back to VBIIX after 30 days. My option 2 adds an additional complexity.

Using VBISX looks a decent compromise. The correlation is less than what I want, but it is a decent option.
by RandomPointer
Fri Dec 02, 2016 9:56 am
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting with intermediate term bond fund
Replies: 2
Views: 519

Tax loss harvesting with intermediate term bond fund

I own VBIIX (intermediate term bond fund) in taxable, and I have an opportunity to harvest some loss. I would like to get some feedback on a decent tax loss harvesting partner for this fund. I am unable to find a bond fund that has a close correlation with this fund. If there is any suggestion, I wo...
by RandomPointer
Wed Nov 16, 2016 2:30 am
Forum: Investing - Theory, News & General
Topic: TLH on long term loss?
Replies: 4
Views: 552

Re: TLH on long term loss?

I do have short term gains due to company stock sale every year. If I understand correctly, that means if I have 0 long term gain, and a $5k long term loss, I can use that loss to offset the short term gain, and ordinary income.

Thanks!
by RandomPointer
Tue Nov 15, 2016 11:47 pm
Forum: Investing - Theory, News & General
Topic: TLH on long term loss?
Replies: 4
Views: 552

TLH on long term loss?

Thanks to this forum, I learned how to harvest tax loss. I harvested short term tax loss last year, and I understand the benefit. Now, I have few long term positions, and I may be able to harvest some loss. I do not fully understand the benefit. Is there any? or there is but limited? My understandin...
by RandomPointer
Fri Oct 21, 2016 1:36 am
Forum: Personal Consumer Issues
Topic: Visiting Washington, DC
Replies: 27
Views: 2702

Re: Visiting Washington, DC

Thank you so much for all the input. We had a blast. Unfortunately we could not see the monument at night due to our schedule.

We had to rearrange our schedule and we had only three days in DC. This will be a place to visit again in the future. The mosquitoes there were unbelievable. :annoyed
by RandomPointer
Thu Oct 13, 2016 6:47 pm
Forum: Investing - Help with Personal Investments
Topic: Moving from Edward Jones to Vanguard (I know, right?)
Replies: 22
Views: 3264

Re: Moving from Edward Jones to Vanguard (I know, right?)

One advice, don't bother calling your advisor. You can call Vanguard and they will move the money for you. Calling your advisor may cause you trouble. You are stressed enough, talking to them may add more stresses. If you liquidate the funds, probably there will be charges for each one of them. Pay ...
by RandomPointer
Wed Aug 10, 2016 5:00 pm
Forum: Personal Consumer Issues
Topic: Visiting Washington, DC
Replies: 27
Views: 2702

Re: Visiting Washington, DC

What sorts of things are you interested? What types of food do you like? IIRC there was a fairly recent thread on visiting DC so don't overlook it as a resource. History, anything that is unique in DC that we cannot see anywhere else, something delightful for a toddler. We are not picky eater, as l...
by RandomPointer
Wed Aug 10, 2016 1:20 am
Forum: Personal Consumer Issues
Topic: Visiting Washington, DC
Replies: 27
Views: 2702

Visiting Washington, DC

I will be visiting Washington, DC in September. I already contacted my Representative, and I have a reservation to tour to the Capitol. The White House tour is on the waiting list. :( I will be in DC for about one week, other than visiting friends, we have about five days to enjoy ourselves. I am pl...
by RandomPointer
Tue Aug 09, 2016 1:20 am
Forum: Investing - Help with Personal Investments
Topic: How does a Boglehead save for child's education?
Replies: 144
Views: 13617

Re: How does a Boglehead save for child's education?

So I put the money into a 529 account. While my wife was pregnant, I was 100% sure my kids would go to college. Today I'm not so confident - parenting has been a rough ride. I want them to attend and hope they'll decide to attend, but recognize that it's not our decision, it's theirs in the end. I ...
by RandomPointer
Mon Aug 08, 2016 11:51 pm
Forum: Investing - Help with Personal Investments
Topic: How does a Boglehead save for child's education?
Replies: 144
Views: 13617

Re: How does a Boglehead save for child's education?

So, how are you saving for college? Or are you planning on cash flowing college? I know of no vehicle, besides taxable and 529, that can save up a significant portion of a child's college education. You forgot I Bonds. $10K per parent. If both parents are alive, $20K per year. That is significant f...
by RandomPointer
Mon Aug 08, 2016 6:47 pm
Forum: Investing - Help with Personal Investments
Topic: How does a Boglehead save for child's education?
Replies: 144
Views: 13617

Re: How does a Boglehead save for child's education?

I don't max out my retirement, but that is choice because I don't see a need to. My retirement is being adequately funded without maxing out my space. I don't follow how that means that I shouldn't do a 529. If you don't max out your retirement accounts, Roth may be a better option than 529. It is ...
by RandomPointer
Mon Aug 08, 2016 8:47 am
Forum: Investing - Help with Personal Investments
Topic: How does a Boglehead save for child's education?
Replies: 144
Views: 13617

Re: How does a Boglehead save for child's education?

While I agree that one should secure one's retirement before paying for their children's college, I'm not in agreement that someone who does not max out their retirement every year will not have enough to retire. The vast majority of the US population does not max out their retirement accounts and ...
by RandomPointer
Sun Aug 07, 2016 11:35 pm
Forum: Investing - Help with Personal Investments
Topic: How does a Boglehead save for child's education?
Replies: 144
Views: 13617

Re: How does a Boglehead save for child's education?

We put money for our retirement first, after we maxed out all 401Ks, Roth IRAs, HSA, emergency fund, and saving for big ticket items (car), then we put money into 529. 529 works okay if the contribution is started when the child is still a baby. It has about 18 years to let the market to work. Barel...
by RandomPointer
Sun Aug 07, 2016 4:22 pm
Forum: Personal Consumer Issues
Topic: IPv6 disabled on wife's Windows 10 machine, how do I reenable it?
Replies: 10
Views: 1178

Re: IPv6 disabled on wife's Windows 10 machine, how do I reenable it?

I do not think the IPv6 is the problem. What is the make and model of the laptop? Have you tried updating the drivers? If you open Task Manager (right click on the task bar), and open the Performance tab, you will see network at the left pane. The tab measures four important things in computer perfo...
by RandomPointer
Sat Jul 09, 2016 4:22 pm
Forum: Investing - Help with Personal Investments
Topic: Need help tweaking Rollover IRA - Which Vanguard Bond Fund?
Replies: 6
Views: 579

Re: Need help tweaking Rollover IRA - Which Vanguard Bond Fund?

I personally prefer VBIIX. It is half treasury, and half corporate, without mortgage backed security.
by RandomPointer
Sun Jun 26, 2016 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: Non-cash charitable gift, do I need a written statement?
Replies: 5
Views: 750

Re: Non-cash charitable gift, do I need a written statement?

I always get the receipt, and I took pictures of the items that I donated. I should have been clearer, I do have the receipts. I do not want to spend more time than necessary to prepare my taxes. I prefer not to claim a deduction over $500 if that means I need to spend more time preparing my taxes. ...
by RandomPointer
Sun Jun 26, 2016 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: Non-cash charitable gift, do I need a written statement?
Replies: 5
Views: 750

Non-cash charitable gift, do I need a written statement?

Over the course of several months, we donated a bunch of stuff to Good Will and we have been collecting the receipts. We made several trips to Good Will and on each trip we donated a small amount of stuff. I think we have donated more than $250 worth of stuff. I think I read that I need to provide a...
by RandomPointer
Mon May 23, 2016 6:45 pm
Forum: Investing - Theory, News & General
Topic: Bernstein says emergency fund part of your "asset allocation?"
Replies: 62
Views: 7760

Re: Bernstein says emergency fund part of your "asset allocation?"

It is part of my asset allocation. It makes thing simpler for me to track all of my investment. My net worth is equal to my total investment. When I retire, I won't be needing an emergency fund. Emergency fund is there as a buffer if I lose my job or I have a short term cash need. When I retire, I s...
by RandomPointer
Sat Apr 23, 2016 2:41 pm
Forum: Personal Consumer Issues
Topic: Windows Error message
Replies: 15
Views: 1024

Re: Windows Error message

Is that computer joined to a domain?
by RandomPointer
Mon Apr 18, 2016 6:06 pm
Forum: Personal Consumer Issues
Topic: Laptop - Touch Screen?
Replies: 22
Views: 2120

Re: Laptop - Touch Screen?

If you are using Windows 10, you may want to be able to download apps that are available from the Windows Store. There are apps that are natural with touch screen. A lot of games are more natural with touch screen. Other cases for touch screen: if you use power point, you can take advantage of your ...