Search found 6781 matches

by Wagnerjb
Sun Nov 27, 2016 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: [Associate of Arts degree (AA) in Accounting]
Replies: 23
Views: 1581

Re: Not sure if this belongs here? AA in Accounting

Can you elaborate on this? Why would a company be willing to cultivate the potential of a 22-year-old but not a 30-year-old hire in an accounting-related role? At a top Fortune 500 firm, we hire young folks (accountants, engineers, IT majors, the entire spectrum) with the intent to groom them for m...
by Wagnerjb
Sun Nov 27, 2016 11:09 am
Forum: Personal Finance (Not Investing)
Topic: [Associate of Arts degree (AA) in Accounting]
Replies: 23
Views: 1581

Re: Not sure if this belongs here? AA in Accounting

Emanuel: I am a CPA who was in Accounting and management of a large company for 30+ years. I was in a position to hire accountants for the last 15 years. Most important for you is to be realistic. With an associate degree in accounting, what kind of position would you expect? I don't want to be a do...
by Wagnerjb
Sat Nov 26, 2016 2:55 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in the 80's when CD rates were 17%?
Replies: 74
Views: 6549

Re: Investing in the 80's when CD rates were 17%?

Well, 17% interest rates sure sound great. Until you realize that inflation was 13%. Assume that you pay 40% marginal tax on that interest income and see what your real return looks like. :(
by Wagnerjb
Fri Nov 25, 2016 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Types of Assets HNWI Boomers Own
Replies: 21
Views: 2359

Re: Types of Assets HNWI Boomers Own

I know a fair number of people in this category, and my experience is from the MegaCorp angle. These are people in mid and upper management at MegaCorp (some recently retired), spent 30 years with the company. These people don't have LLC's or living trusts. At our company, virtually all take a Lump ...
by Wagnerjb
Fri Nov 25, 2016 10:16 am
Forum: Investing - Help with Personal Investments
Topic: Employer re-priced our ISO, what does it truly mean?
Replies: 12
Views: 1152

Re: Employer re-priced our ISO, what does it truly mean?

Bingo, based on other activities the company has gone through (layoffs, bad quarters, etc...), I strongly believe the company has lost value. We were averaging 2-3 resignation a month for the past 4 months but things have settled. No raises so there's no incentive for ppl to stay. It's a shame beca...
by Wagnerjb
Wed Nov 23, 2016 9:58 am
Forum: Investing - Help with Personal Investments
Topic: Employer re-priced our ISO, what does it truly mean?
Replies: 12
Views: 1152

Re: Employer re-priced our ISO, what does it truly mean?

Bingo, based on other activities the company has gone through (layoffs, bad quarters, etc...), I strongly believe the company has lost value. We were averaging 2-3 resignation a month for the past 4 months but things have settled. No raises so there's no incentive for ppl to stay. It's a shame beca...
by Wagnerjb
Tue Nov 22, 2016 3:47 pm
Forum: Investing - Theory, News & General
Topic: Viewing BRK.B as a Means to Hold "Tax-Deferred" Equity in Taxable Account
Replies: 23
Views: 2042

Re: Viewing BRK.B as a Means to Hold "Tax-Deferred" Equity in Taxable Account

I know it goes against Boglehead philosophy, but I am speaking as if it were only my 5% "funny money" part of the portfolio. If this is "funny money", then you are doing it wrong. Invest your funny money in something speculative, and certainly don't worry about diversification. ...
by Wagnerjb
Wed Nov 16, 2016 3:19 pm
Forum: Investing - Help with Personal Investments
Topic: NQSO Tax Strategy
Replies: 13
Views: 1086

Re: NQSO Tax Strategy

Maybe this is just semantics, but I'm not taking $1000 from anywhere to exercise. When I exercise, shares are removed to cover the excercise cost. I'm not sure I understand the comparison with Plan B in that scenario. The excercise is covered by my stock grant. What is really happening is that your...
by Wagnerjb
Tue Nov 15, 2016 9:03 am
Forum: Investing - Theory, News & General
Topic: Muni bonds are getting killed. Are you bailing out?
Replies: 75
Views: 9774

Re: Muni bonds are getting killed. Are you bailing out?

How much are they down? I remember a day in 1987 when stocks dropped 22% I remember that day too. Those of us who lived through that kind of sudden volatility know enough to take a deep breath when markets get volatile. And we know that we will live through the volatility. And we know to rebalance ...
by Wagnerjb
Tue Nov 15, 2016 9:01 am
Forum: Investing - Help with Personal Investments
Topic: NQSO Tax Strategy
Replies: 13
Views: 1086

Re: NQSO Tax Strategy

To see how your strategy is flawed, compare your strategy with a) using some of your cash to buy your company shares at today's low price and b) keeping the stock options for their huge potential value. Apologize if I am being a little slow on this topic here, but I'm failing to understand this. Yo...
by Wagnerjb
Sun Nov 13, 2016 2:15 pm
Forum: Investing - Help with Personal Investments
Topic: EM buying opportunity? [Emerging Markets]
Replies: 35
Views: 3926

Re: EM buying opportunity?

My point is that EM was even more of a "buying opportunity" at the beginning of the year than it is this week.
by Wagnerjb
Sun Nov 13, 2016 12:15 pm
Forum: Investing - Help with Personal Investments
Topic: EM buying opportunity? [Emerging Markets]
Replies: 35
Views: 3926

Re: EM buying opportunity?

My barbell type strategy calls for a healthy dose of Emerging Markets. This may be a buying opportunity (I don't know, I don't care) but even after a recent pullback, EM has done excellent this year. Here are the EM funds that I hold: DFCEX (Dimensional, EM): +11% DEMSX (Dimensional, EM Small Cap): ...
by Wagnerjb
Sun Nov 13, 2016 11:23 am
Forum: Investing - Help with Personal Investments
Topic: What can my parents do at the moment?
Replies: 13
Views: 1619

Re: What can my parents do at the moment?

Your mom doesn't own any assets in the US, but you are asking us about what investment to choose? I am confused. You talk about your mother and then you tell us that your father is in a completely different situation. Are they married? I am confused. Please provide more details about your parents an...
by Wagnerjb
Sun Nov 13, 2016 11:18 am
Forum: Investing - Help with Personal Investments
Topic: NQSO Tax Strategy
Replies: 13
Views: 1086

Re: NQSO Tax Strategy

but it does sound like cutting income to cut taxes, and that hardly makes sense. I agree with this comment. To see how your strategy is flawed, compare your strategy with a) using some of your cash to buy your company shares at today's low price and b) keeping the stock options for their huge poten...
by Wagnerjb
Sat Nov 12, 2016 1:33 pm
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 204
Views: 25501

Re: "Stealth Wealth: I’m Just an Ordinary Average Guy"

Taylor: I disagree with the philosophy of stealth wealth. If you can afford the better things in life , then why deny yourself? If you can afford a Lexus (and want one), then why not? If you can afford to buy your wife that $10,000 diamond watch for your 30th wedding anniversary, then why not? If y...
by Wagnerjb
Sat Nov 12, 2016 1:25 pm
Forum: Investing - Help with Personal Investments
Topic: Question on deferred comp options at work
Replies: 7
Views: 649

Re: Question on deferred comp options at work

As mentioned by others, the risk of the plan giving you a complete distribution - while you are working elsewhere - is also one to watch. Waiting until later in one's career is a great way to manage that risk. In my case, I made my first Deferred Comp contribution at age 48 and made several more bef...
by Wagnerjb
Fri Nov 11, 2016 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: Changing the Timing of Payments for Itemized Deductions
Replies: 4
Views: 290

Re: Changing the Timing of Payments for Itemized Deductions

Ron, there are about a dozen different actions that one can make in 2016, the benefit of which is predicated on income tax rates in 2017 and beyond. Should you invest in a Traditional IRA/401k or a Roth? Should you convert TIRA money to a Roth? Should you realize capital gains this year? Should you ...
by Wagnerjb
Fri Nov 11, 2016 6:40 pm
Forum: Investing - Help with Personal Investments
Topic: Question on deferred comp options at work
Replies: 7
Views: 649

Re: Question on deferred comp options at work

The tax deferral and the tax arbitrage offered by these plans is quite powerful. However, due to the risk of forfeiture (in bankruptcy), my advice is to generally wait until closer to retirement to fund these plans. In addition, you can reduce your risk by electing a short payout period once you ret...
by Wagnerjb
Thu Nov 10, 2016 11:07 am
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 204
Views: 25501

Re: "Stealth Wealth: I’m Just an Ordinary Average Guy"

Following this Philosophy, many Bogleheads now enjoy a substantial net-worth. Nevertheless, the way we spend our money can make a huge difference in our happiness and future wealth. This article from Physician On Fire offers food-for-thought: Stealth Wealth I look forward to reading about your pers...
by Wagnerjb
Mon Nov 07, 2016 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Accelerated RSU vesting, FICA taxes
Replies: 6
Views: 1279

Re: Accelerated RSU vesting, FICA taxes

How is this Medicare tax payment treated on a W2 and when filing a 1040? Eg does the Medicare tax paid and the Medicare wages go up by the amount of the payment and the Medicare wage value of the total award the payment is based on? I am pretty sure you will see the value of the unvested shares (th...
by Wagnerjb
Sun Nov 06, 2016 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Trip from Pittsburgh to LA or Las Vegas in late June/early July 2017
Replies: 5
Views: 475

Re: Trip from Pittsburgh to LA or Las Vegas in late June/early July 2017

Have you considered posting this question on a forum that specializes in travel rather than on one that specialized in personal finance?
by Wagnerjb
Wed Nov 02, 2016 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Tax Optimization for Graduate School
Replies: 1
Views: 213

Re: Tax Optimization for Graduate School

I am not a practicing CPA, so don't take this as professional advice. I did a quick scan of IRS publication 970 (Educational Expenses). Pub 970 states on page 72: No Double Benefit Allowed You can't do either of the following. Deduct work-related education expenses as business expenses if you benefi...
by Wagnerjb
Wed Nov 02, 2016 9:23 am
Forum: Investing - Help with Personal Investments
Topic: Effects of Supply & Demand
Replies: 2
Views: 231

Re: Effects of Supply & Demand

STINGRAY75 wrote: So, as we retired boomers grow in numbers, won't there be more sellers than buyers?


Can't buyers (or sellers) be from other countries?
by Wagnerjb
Wed Nov 02, 2016 9:17 am
Forum: Personal Finance (Not Investing)
Topic: Refinance to lock in rate
Replies: 5
Views: 577

Re: Refinance to lock in rate

I am refinancing a 15-year mortgage to 2.625% this week. I pay closing costs, but the payoff is only around 2 years or so.

Best wishes.
by Wagnerjb
Wed Nov 02, 2016 9:09 am
Forum: Personal Consumer Issues
Topic: Do I need to get a CPO car independently checked?
Replies: 27
Views: 1942

Re: Do I need to get a CPO car independently checked?

I also would not pay extra for a CPO car. CPO is primarily a marketing method for the dealer to make more profit on the car. In my experience buying three CPO cars in the past 15 years, you are paying for an extended warranty. In my most recent purchase, the Lexus dealer and I were negotiating and ...
by Wagnerjb
Tue Nov 01, 2016 6:03 pm
Forum: Investing - Theory, News & General
Topic: Employer Equity Program vs 401k - close results?
Replies: 10
Views: 800

Re: Employer Equity Program vs 401k - close results?

Is it better to max out the 401k, thereby adding $8k of deductions and paying less taxes each year, but sacrifice the $3200 in additional company matched income (taxable)? If you model out the cash flows, you will notice that - if you choose to buy the shares - you are only skipping one year's wort...
by Wagnerjb
Tue Nov 01, 2016 9:56 am
Forum: Investing - Theory, News & General
Topic: Employer Equity Program vs 401k - close results?
Replies: 10
Views: 800

Re: Employer Equity Program vs 401k - close results?

How quickly are you allowed to sell the stocks? I wouldn't want to hold them long-term for above reasons. No holding periods, just blackout dates around the quarter end/beginning. Was thinking of holding them at least 1 yr then selling, just to avoid short term gains. You get an immediate and free ...
by Wagnerjb
Mon Oct 31, 2016 1:37 pm
Forum: Personal Consumer Issues
Topic: Do I need to get a CPO car independently checked?
Replies: 27
Views: 1942

Re: Do I need to get a CPO car independently checked?

pshonore wrote:Why would a CPO cover unreported accident damage?


My experience in buying CPO luxury cars is that they give you the Carfax report, which should show any accident history.
by Wagnerjb
Sun Oct 30, 2016 10:40 am
Forum: Personal Finance (Not Investing)
Topic: 65 and 63 year old - retirement question (non-investment)
Replies: 21
Views: 2249

Re: 65 and 63 year old - retirement question (non-investment)

Can your parents pay more towards their mortgage before your Dad stops working? Their income starting in January is $100K and their expenses are $42K plus food. I had the exact same thoughts. Where is their current excess income going? This is a pretty important question to understand in their fina...
by Wagnerjb
Thu Oct 27, 2016 10:45 am
Forum: Investing - Theory, News & General
Topic: Crazy NonBH Strategy of Playing Options on ETFs?
Replies: 15
Views: 1040

Re: Crazy NonBH Strategy of Playing Options on ETFs?

smartinwate wrote:My first thought was, why are you coming to the Bogleheads forum for advice on what you admit is a "crazy non-Boglehead strategy"? I would think that would be counter to your desired outcome.


I agree. Why don't you seek advice on a board known for active strategies?
by Wagnerjb
Thu Oct 27, 2016 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Setting up a Credit Card for a Fiscally Irresponsible Dependent: Managed Limited Card
Replies: 12
Views: 1211

Re: Setting up a Credit Card for a Fiscally Irresponsible Dependent: Managed Limited Card

What I have done is to set up the alerts for the credit card so that I get an email every single time that a transaction is made over $10. If my son (a college student) has not already given me a "heads up" that he needs to buy something (that we both agree is appropriate), then I text him...
by Wagnerjb
Tue Oct 25, 2016 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Non-qualified deferred compensation - tax implications
Replies: 7
Views: 543

Re: Non-qualified deferred compensation - tax implications

At least in my plan, the distribution options you chose each year are irrevocable, so if she set it up to pay in equal installments upon separation, here it comes. In my plan, you could change the distribution options but the choices were very limited. You could NOT advance the payments to an earli...
by Wagnerjb
Tue Oct 25, 2016 7:53 am
Forum: Investing - Help with Personal Investments
Topic: How to invest a $150,000 for two years. [advice and help for bad credit and tax problems]
Replies: 19
Views: 2606

Re: How to invest a $150,000 for two years.

When you merge the two threads, you see the following: Son has a very low credit scores due to unpaid debt, unpaid student loan and unpaid taxes for several years. The debt is so big that it is impossible to be paid all. My son won lawsuit and got a sum lump of money. The money now in a saving accou...
by Wagnerjb
Sun Oct 23, 2016 9:48 am
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting a Muni bond fund
Replies: 19
Views: 7061

Re: Tax Loss Harvesting a Muni bond fund

Separately, it needs to be noted that this thread is OBSOLETE . Thanks to other Bogleheads who dug deep into the tax code, we now understand that the 6 month rule as described in the OP does not apply to many Vanguard muni bond funds, such as Intermediate Term Tax-Exempt. However, it does apply to ...
by Wagnerjb
Fri Oct 21, 2016 8:22 pm
Forum: Investing - Theory, News & General
Topic: NY Times first in a series about 403(b)s with public K-12
Replies: 96
Views: 8596

Re: NY Times first in a series about 403(b)s with public K-12

This is a very important subject. Sadly, the New York Times ruins it with a pity party and loads of unnecessary politics. Why can't they just talk about the issue - high cost 403b funds - without injecting so much politics aimed at making us feel bad for those teachers? As a result, the people who d...
by Wagnerjb
Wed Oct 19, 2016 1:53 pm
Forum: Investing - Theory, News & General
Topic: Donor Advised Fund (DAF) - Which Company to Use
Replies: 23
Views: 925

Re: Donor Advised Fund (DAF) - Which Company to Use

In my experience, Fidelity is the best. Low minimums, you can start with as little as $5k and give as little as $50 to a single charity. The fees are reasonable. Giving the stock directly to the charity isn't necessarily bad, but if you are like me, I like to think about giving in terms of dollar a...
by Wagnerjb
Mon Oct 17, 2016 8:55 am
Forum: Investing - Help with Personal Investments
Topic: Staying The Course in HNW Mode? How much cash? [High Net Worth]
Replies: 29
Views: 4179

Re: Staying The Course in HNW Mode? How much cash? [High Net Worth]

I am 59 years old, and my approach is similar to Dale's. I hold a little less than 1% in a money market fund. I have plenty of my fixed income allocation in short-term investments such as Vanguard and Fidelity short-term bond funds, and I can withdraw those funds on short notice if truly necessary. ...
by Wagnerjb
Wed Oct 12, 2016 11:17 am
Forum: Investing - Theory, News & General
Topic: Risk Tolerance: Dealing With It
Replies: 46
Views: 3512

Re: Risk Tolerance: Dealing With It

Your likelihood to fulfill your investment goals is directly tied to having the proper AA for your natural risk tolerance. With the wrong AA, we see investors suddenly shift to fixed income AFTER a deep market decline. They never catch up from a move like that. Those people are LESS likely to reach ...
by Wagnerjb
Tue Oct 11, 2016 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Blue Cross of TN ACA dropping coverage in major cities
Replies: 6
Views: 832

Re: Blue Cross of TN ACA dropping coverage in major cities

TIAX wrote:When you have a system where a market participant (the insurer) needs permission from the government to raise rates, that participant quite rationally will leave the market when it can't turn a profit.


Exactly. It is shocking how many people don't understand this.
by Wagnerjb
Fri Oct 07, 2016 10:01 am
Forum: Investing - Help with Personal Investments
Topic: Guidance needed on IRAs/RMDs/Roths - Plan of Action
Replies: 23
Views: 1963

Re: Guidance needed on IRAs/RMDs/Roths - Plan of Action

I think this is a poor strategy. You are passing up the chance to get money out of the IRA at 0%,10% and 15% instead of 25%+. It might feel good to pay 0 dollars in tax but in the long run it will cost you money. I don't believe your analysis is correct. First of all, the OP is indeed benefitting f...
by Wagnerjb
Fri Oct 07, 2016 9:45 am
Forum: Investing - Help with Personal Investments
Topic: Guidance needed on IRAs/RMDs/Roths - Plan of Action
Replies: 23
Views: 1963

Re: Guidance needed on IRAs/RMDs/Roths - Plan of Action

Wagnerjb wrote You have 8 years before RMD and Social Security. For two years (2017 and a later year), I would realize $90-100k in capital gains. After itemized/standard deductions and the personal exemptions, you will pay $0 in tax. For those two years, I would use your after-tax money for your $1...
by Wagnerjb
Fri Oct 07, 2016 9:38 am
Forum: Personal Finance (Not Investing)
Topic: health care Early Retirement
Replies: 21
Views: 2972

Re: health care Early Retirement

I think your $30,000 figure is right at my number. I am also married, with 2 children on my medical plan, and in early retirement. My medical premiums are $22k, and the out of pocket costs (including deductible) can easily be $6k. Add another $2k or so for dental checkups, contact lenses, eyeglasses...
by Wagnerjb
Mon Oct 03, 2016 10:35 am
Forum: Investing - Help with Personal Investments
Topic: zero-dividend investing in taxable account
Replies: 58
Views: 6156

Re: Model zero-dividend portfolio (in the beginning)

To purchase the largest market share with the fewest number of transactions, it would make sense to buy the company with the largest market capitalization, which does not pay a dividend, within each sector. I came up with this list by looking at the Select Sector SPDR ETFs holdings, going down the ...
by Wagnerjb
Mon Oct 03, 2016 7:59 am
Forum: Investing - Help with Personal Investments
Topic: zero-dividend investing in taxable account
Replies: 58
Views: 6156

Re: Model zero-dividend portfolio (in the beginning)

As far as tax loss harvesting, I have harvested enough losses from TSM/TISM to offset $3K/year of earned income for years to come, and could easily continue this without a change in my current strategy. I don't plan on selling anything that would generate capital gains anytime soon (several decades...
by Wagnerjb
Sun Oct 02, 2016 9:29 am
Forum: Investing - Help with Personal Investments
Topic: zero-dividend investing in taxable account
Replies: 58
Views: 6156

Re: Model zero-dividend portfolio (in the beginning)

To purchase the largest market share with the fewest number of transactions, it would make sense to buy the company with the largest market capitalization, which does not pay a dividend, within each sector. I came up with this list by looking at the Select Sector SPDR ETFs holdings, going down the ...
by Wagnerjb
Sun Oct 02, 2016 9:22 am
Forum: Investing - Help with Personal Investments
Topic: Guidance needed on IRAs/RMDs/Roths - Plan of Action
Replies: 23
Views: 1963

Re: Guidance needed on IRAs/RMDs/Roths - Plan of Action

Hi Canon Shooter: here is what I would consider in your shoes. You have 8 years before RMD and Social Security. For two years (2017 and a later year), I would realize $90-100k in capital gains. After itemized/standard deductions and the personal exemptions, you will pay $0 in tax. For those two year...
by Wagnerjb
Mon Sep 26, 2016 11:00 am
Forum: Investing - Theory, News & General
Topic: Here we go again
Replies: 36
Views: 3786

Re: Here we go again

Buy and Hold. The hold is more important than the buy. :happy Thanks for offering the good reminder Paul. I set my international allocation at 30% of equities when I started investing in 1983, and international equities went on a tear right after that. They bested domestic stock returns for 6 conse...
by Wagnerjb
Sat Sep 24, 2016 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Request to add income to credit card profile
Replies: 10
Views: 993

Re: Request to add income to credit card profile

I have gotten several of these lame attempts recently and I am ignoring them.

They don't need my income, and it is likely to result in either a) me getting bombarded with more junk email, or b) hackers finding out my income.

No thanks.
by Wagnerjb
Fri Sep 23, 2016 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Currency risk for 5.5 percent? Missing something?
Replies: 30
Views: 2361

Re: Currency risk for 5.5 percent? Missing something?

Ok, help me see what I'm missing on this. I'll be living in Cape Town for the next couple of years, maybe longer. Currently the South African Rand (ZAR) is at a near historic low against the USD, perhaps 13.5 - 15.5 to 1. Also the local bank savings accounts have interest fixed at 5.5 percent. I pl...

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