Search found 236 matches

by adam1712
Sat Feb 06, 2016 12:30 pm
Forum: Investing - Theory, News & General
Topic: The Gravy Train Departed?
Replies: 54
Views: 5274

Re: The Gravy Train Departed?

The overall investment return of the stock market still comes from companies' dividends and stock buybacks and their future growth. You can only possibly lose to market manipulation from trading algorithms when you buy or sell. The longer you buy and hold, the less investments will be affected by th...
by adam1712
Fri Feb 05, 2016 7:08 pm
Forum: Personal Consumer Issues
Topic: Advice for parents with Perfectionist Child?
Replies: 48
Views: 3288

Re: Advice for parents with Perfectionist Child?

Here's my two thoughts: 1) Failing is part of the maturing process, do not protect her too much from experiencing it. Give her time to vent and then be supportive. 2) Have you thought about the activities she's in and actively discussed her priorities with her? I believe the most balanced and well a...
by adam1712
Sun Jan 31, 2016 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: Giving to vs. saving for charity
Replies: 39
Views: 1929

Re: Giving to vs. saving for charity

Thanks for the info everybody. I likely haven't reached my peak earning years yet so I gather there's not a lot I can do to get more of a tax benefit now. I'll probably just continue with my current plan of giving some now but also with an eye to donating more in the future. And it seems like just p...
by adam1712
Sat Jan 30, 2016 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Giving to vs. saving for charity
Replies: 39
Views: 1929

Re: Giving to vs. saving for charity

Thanks for the responses so far, I need to look into Donor Advised Funds more. Do I need to itemize to get their benefit? I currently rent and then have about $2000 in state taxes so I'm a ways away from itemizing. Also, once it's in a DAF, is there any possibility of changing your mind? I didn't sa...
by adam1712
Sat Jan 30, 2016 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: Giving to vs. saving for charity
Replies: 39
Views: 1929

Giving to vs. saving for charity

I was just wondering how Bogleheads approach planning gifts to charity? I try to give some but don't currently get any tax benefit. I have to admit this hurts my motivation to give. I'm thinking my current plan is about 2.5% of my income going directly to charity and then earmark 2.5% to save for fu...
by adam1712
Sat Jan 30, 2016 10:04 am
Forum: Investing - Theory, News & General
Topic: "6-reasons-we-lost-money-on-our-first-rental-property"
Replies: 21
Views: 4990

Re: "6-reasons-we-lost-money-on-our-first-rental-property"

While the title might be slightly misleading, I think the story is applicable to many Americans. I had a similar situation, bought a condo in 2004, moved across the country in 2012. What to do? Only because I'd seen my former neighbor's issues with renting the previous two years as well as some conv...
by adam1712
Fri Oct 16, 2015 6:31 pm
Forum: Personal Consumer Issues
Topic: Suggestions for 95-yr old MIL's new assisted living apartment
Replies: 53
Views: 4252

Re: Suggestions for 95-yr old MIL's new assisted living apartment

One piece of advice is I'd worry more about functional things and entertainment than decorating. It totally depends on the person but it was important to my grandmother that she keep getting her newspaper, had her World Book encyclopedia, and lots of old records and photos. Those all take up space a...
by adam1712
Fri Oct 09, 2015 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: mortgage as negative bond and home down payment
Replies: 20
Views: 1257

Re: mortgage as negative bond and home down payment

I think the most important thing is having a plan and sticking with it. It's all mental accounting. What's the current asset allocation of the money $100,000 you are saving for the down payment? Do you have 60/40 down payment fund and the retirement account is 60/40. Or is it 100% bonds and your ret...
by adam1712
Sat Jul 25, 2015 10:55 am
Forum: Investing - Theory, News & General
Topic: Mortgage as a reverse-bond technique
Replies: 36
Views: 1822

Re: Mortgage as a reverse-bond technique

... OUR STRATEGY: We are setting aside the bond portion of our retirement savings as extra payments on the mortgage. We have a complicated method of computing that (based on her age), but suffice it to say that it is a set amount that increases by 1% per year. We are still maxing out both 401k acco...
by adam1712
Fri Jul 17, 2015 9:47 am
Forum: Investing - Theory, News & General
Topic: Pros and cons of adding Roth Option to 401K Plan
Replies: 103
Views: 6590

Re: Pros and cons of adding Roth Option to 401K Plan

I was a 401(k) committee member. We decided NOT to have a Roth 401(k) option. The reasons were: 1. Workers who had low enough incomes to benefit from a Roth option should use a Roth IRA instead. Workers who have low enough incomes that can max the Roth IRA should contribute to the traditional 401(k...
by adam1712
Tue Jul 14, 2015 2:35 pm
Forum: Personal Consumer Issues
Topic: VRBO illegal rental [Vacation Rentals by Owner]
Replies: 53
Views: 5765

Re: VRBO illegal rental [Vacation Rentals by Owner]

4th Amendment? Yeah, you should always heed the legal advice of someone who does not even know which Amendment applies. Also, why not talk to the police, unless you have done something wrong! Because if you talk to the police, they might find out that you have done something wrong that you are unaw...
by adam1712
Tue Jul 14, 2015 2:16 pm
Forum: Personal Consumer Issues
Topic: VRBO illegal rental [Vacation Rentals by Owner]
Replies: 53
Views: 5765

Re: VRBO illegal rental

denovo wrote:
4nursebee wrote:In the future exercise your 4th amendment rights and shut up when talking to the police.



5th


Well, if the police say they want to hang out at your vacation quarters, maybe it's the 3rd. I've always wanted to invoke my 3rd amendment rights.
by adam1712
Sun May 31, 2015 7:46 pm
Forum: Personal Consumer Issues
Topic: How to furnish a new residence, completely from scratch
Replies: 35
Views: 3540

Re: How to furnish a new residence, completely from scratch

My general strategy is go reasonably nice or go cheap. The worst is being stuck with mid to low quality furniture you bought just to fill space but you don't really like. I started out with a nice couch but then just a couple cheaper folding chairs and IKEA chair. Same with the bedroom, a nice dress...
by adam1712
Sun May 10, 2015 1:26 pm
Forum: Investing - Help with Personal Investments
Topic: Keep taxable for TLH? [Tax Loss Harvesting]
Replies: 7
Views: 827

Re: Keep taxable for TLH?

As long as the money is saved for retirement, you should pay capital gains to make 401(k) or IRA contributions. You will have to pay the capital gains anyway, and getting the money into a retirement account makes all future growth tax-free (Roth) or effectively tax-free or better (traditional accou...
by adam1712
Thu May 07, 2015 12:55 pm
Forum: Investing - Help with Personal Investments
Topic: Keep taxable for TLH? [Tax Loss Harvesting]
Replies: 7
Views: 827

Re: Keep taxable for TLH?

What I am having the most trouble wrapping my head around is the tax difference between paying 15% tax on Roth contributions versus making Traditional contributions with income that would have been taxed at 25%. But maybe it's not worth trying to figure out. In this situation, you should contribute...
by adam1712
Thu May 07, 2015 7:10 am
Forum: Investing - Help with Personal Investments
Topic: Keep taxable for TLH? [Tax Loss Harvesting]
Replies: 7
Views: 827

Re: Keep taxable for TLH?

Thanks for the replies. I am probably underestimating the value of retirement accounts with current qualified dividends and cap gains being taxed at 0%. Hopefully that switches at some point (maybe about 5 years). What I am having the most trouble wrapping my head around is the tax difference betwee...
by adam1712
Wed May 06, 2015 5:47 pm
Forum: Investing - Help with Personal Investments
Topic: Keep taxable for TLH? [Tax Loss Harvesting]
Replies: 7
Views: 827

Keep taxable for TLH? [Tax Loss Harvesting]

The past couple years I've been selling some of my taxable account to max out retirement accounts but I'm debating about whether to slow down. I currently have about $50k left in taxable. I keep kind of hoping I might end up with a capital loss so I can offset $3000 in income per year. Does anybody ...
by adam1712
Wed May 06, 2015 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Aging parent not interested in setting up POA etc
Replies: 26
Views: 3232

Re: Aging parent not interested in setting up POA etc

It may be easier for her to talk about what will happen when she's dead than what to do if she's incapacitated. And really the most important thing is getting the information. Such as what accounts and assets she has. Then it's also important to know her end of life wishes. Not having the legal docu...
by adam1712
Tue May 05, 2015 5:26 pm
Forum: Personal Consumer Issues
Topic: Neighbor wants to excavate shallow water hole common to both properties
Replies: 31
Views: 2883

Re: Neighbor wants to excavate shallow water hole common to both properties

I would definitely consider ways to exchange property so only one of you was responsible for the pond. And I would be generous with the negotiations, 16.5 acres with a happy neighbor would be worth more to me than 17 acres with an unhappy neighbor. I would also look into what resources are available...
by adam1712
Mon May 04, 2015 9:30 am
Forum: Personal Consumer Issues
Topic: Will you buy self-driving car?
Replies: 235
Views: 13064

Re: Will you buy self-driving car?

toto238 wrote:My question is when are they going to stop making cars with windows?


A car without windows sounds awful. I don't think I could ride in one without getting motion sickness.
by adam1712
Sat May 02, 2015 9:48 am
Forum: Investing - Theory, News & General
Topic: Annuities: Bad in principle or practice?
Replies: 75
Views: 4895

Re: Annuities: Bad in principle or practice?

all variable annuities (and all whole life policies) are ’" a kind of a giddy harumfrodite" that mixes together, usually badly, investment and insurance objectives. They are obscure and carry high fees and commissions for the sellers. So is it the obscurity and high fees that make them ba...
by adam1712
Tue Apr 14, 2015 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Don't come to Europe with a new chip and sign credit card
Replies: 62
Views: 13107

Re: Don't come to Europe with a new chip and sign credit car

On the Chase Sapphire site I ran across this in the Q&A: Q. What if my chip-enabled credit card isn’t working at an unattended kiosk while abroad? A. If the kiosk is asking you for a PIN, you may be able to select one of the following to bypass the PIN prompt: “Cancel,” “Enter” or “Continue.” If...
by adam1712
Tue Apr 14, 2015 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Does your family know about your net worth (ball park)?
Replies: 98
Views: 12607

Re: Does your family know about your net worth (ball park)?

From looking at the recent annual income poll result, I think most BHs are already millionaires or will become one. Q1. Does your family (parents, siblings) know about your net worth (ball park figure)? Yes Q2. Do you know their net worth? Yes Q3. How does knowing one's net worth affect family rela...
by adam1712
Fri Apr 03, 2015 1:17 pm
Forum: Investing - Theory, News & General
Topic: Have P/E Ratios Affected Your Asset Allocation?
Replies: 52
Views: 3223

Re: Have P/E Ratios Affected Your Asset Allocation?

Here's a new (I think it's new anyway.) one for you... just because you wondered. To put it in perspective, I'm three years retired and in drawdown @ 3%. I have four slices of equities in taxable; Total US, Total International, SV and Small International). I pegged the $ value of those four funds t...
by adam1712
Fri Mar 27, 2015 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Completed taxes, need to file new Fed & State W4
Replies: 10
Views: 917

Re: Completed taxes, need to file new Fed & State W4

If your income is pretty steady and tends to be rising, I find it easiest to just try to withhold an amount equal to the previous year. I believe the safe harbor where no penalty applies is equal to 100% of last year's tax or 90% of this year's tax (although I think different income levels may be di...
by adam1712
Fri Mar 13, 2015 8:00 am
Forum: Investing - Help with Personal Investments
Topic: Dip? What Dip? Did you catch it?
Replies: 134
Views: 14953

Re: Dip? What Dip? Did you catch it?

Seems like an actionable dip should at least offer a better price than I got two months ago. Two examples of that: VNQ was actionable: 2015=03-06 80.37 (lowest closing price YTD) Down 3.32% that day which was the worst one-day drop in previous 300 trading days that I looked at.) VWO 2015-03-10 39.1...
by adam1712
Thu Mar 12, 2015 9:38 pm
Forum: Investing - Help with Personal Investments
Topic: Dip? What Dip? Did you catch it?
Replies: 134
Views: 14953

Re: Dip? What Dip? Did you catch it?

It was definitely not noise. No, it definitely was normal background market noise that will not even be visible on a long term plot. I'll agree to disagree. OK, what level of a dip would not be considered normal background market noise to you? 6 sigma? 10 sigma? Something else? Seems like an action...
by adam1712
Sun Mar 08, 2015 7:00 pm
Forum: Personal Consumer Issues
Topic: Home workouts and motivation
Replies: 60
Views: 3904

Re: Home workouts and motivation

It's not for everybody, but I started playing video games while riding an exercise bike. It's made a big difference for me in terms of not slowing down on days when I'm less motivated.
by adam1712
Fri Feb 27, 2015 11:32 am
Forum: Investing - Help with Personal Investments
Topic: How to hedge a 5/5 ARM?
Replies: 20
Views: 2903

Re: How to hedge a 5/5 ARM?

I think it's also important to consider you don't have to save the same amount for retirement every year. Depending on your retirement match, taxes, ability to max retirement accounts, I think there can be good opportunities to save more for retirement when the time is right and pay off more in the ...
by adam1712
Fri Feb 13, 2015 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Unexpected Lay-off; Not quite ready to retire; Please Help?
Replies: 20
Views: 4722

Re: Unexpected Lay-off; Not quite ready to retire; Please He

I think if I was in this situation I'd think outside the box. There's several jobs I think would be fun and interesting but chose not to pursue because of the lack of career advancement, travel, or irregular hours. Depends on the family situation but I'm assuming no young children. With a marketing ...
by adam1712
Sat Feb 07, 2015 9:39 am
Forum: Personal Finance (Not Investing)
Topic: How to make this fair: gifting to kids with different means
Replies: 108
Views: 10134

Re: How to make this fair: gifting to kids with different me

In my experience, it's impossible to be perfectly fair. For my two siblings and me, things improved when my parents dropped the idea of some ledger that equaled out. Instead seeking to help out when they saw the opportunity and being open and honest about their intentions and reasoning. This showed ...
by adam1712
Sat Jan 31, 2015 12:36 pm
Forum: Personal Consumer Issues
Topic: Assisted Living Facilities... Weird 'Atmosphere...'
Replies: 34
Views: 4668

Re: Assisted Living Facilities... Weird 'Atmosphere...'

I noticed the very quiet atmosphere in the communal dining room at my grandma's assisted living. The thing I came to realize is that some tables (and there was definitely difference between tables based on capacity) visited before or after the food was served but when the food arrived it was eating ...
by adam1712
Sat Jan 31, 2015 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: POLL: How Will You Complete Your 2014 Taxes?
Replies: 69
Views: 5695

Re: How Will You Complete Your 2014 Taxes?

I'll be using OnLine taxes (olt.com) again since I can file NY state tax for free. It's not as fancy as some of the other software but it supports all the forms. I kind of see it as intermediate between filing by hand and interview style tax software. In some ways I prefer that since sometimes I fin...
by adam1712
Sun Jan 25, 2015 12:50 pm
Forum: Personal Consumer Issues
Topic: Reliability of LED televisions?
Replies: 18
Views: 2461

Re: Reliability of LED televisions?

I've have 4 or 5 LCD/LED TVs. I use a couple as TVs and the others as primarily computer monitors. No problems with any of them for over 4 years. Four of them are Samsung and one is a Dell. I don't think the Smart TV features affect reliability to any significant extent since they're implemented in...
by adam1712
Fri Dec 19, 2014 6:12 pm
Forum: Personal Consumer Issues
Topic: Denver area ski in/out lodging?
Replies: 22
Views: 1567

Re: Denver area ski in/out lodging?

Two things: 1) In several of those maps it looks like your overestimating the walking distance by going to the bottom of the lift versus the closest point on the ski trail. I also tagged generously from the property starts. And, regardless of the error in my measurements, your comment is immaterial...
by adam1712
Thu Dec 18, 2014 8:09 am
Forum: Personal Consumer Issues
Topic: Denver area ski in/out lodging?
Replies: 22
Views: 1567

Re: Denver area ski in/out lodging?

Two things: 1) In several of those maps it looks like your overestimating the walking distance by going to the bottom of the lift versus the closest point on the ski trail. 2) That said, the ski in/out places I've stayed (only 3) generally did require a little more walking and/or stairs than the res...
by adam1712
Mon Dec 01, 2014 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Best age to give a young person a gift?
Replies: 21
Views: 2215

Re: Best age to give a young person a gift?

Every individual is different and there's no right answer. I will say that in part because of financial gifts from my parents I followed my passion and took a riskier career path out of college. It's worked out very nicely for me and I don't know if I would have had the confidence to do it without t...
by adam1712
Mon Nov 10, 2014 6:48 pm
Forum: Investing - Help with Personal Investments
Topic: Retiring Parents Set in Risky Ways
Replies: 46
Views: 5800

Re: Retiring Parents Set in Risky Ways

Have they mapped out how much they will need in retirement? It may be possible to convince them that they should maintain a bucket of something like 5 years of expenses in safe investments. I think having a plan to continuously sell some in advance that you know you're going to need to pay taxes on ...
by adam1712
Sat Oct 18, 2014 8:06 am
Forum: Personal Consumer Issues
Topic: Kids & Sports
Replies: 26
Views: 2721

Re: Kids & Sports

... We’re not crazy about our pediatrician overall and maybe I shouldn’t expect much because he’s only been there for annual visits. He’s the type of guy that you ask for an opinion and he can’t just boil it down..he just drones on and on and you almost hesitate to ask him anything else because he’...
by adam1712
Wed Oct 01, 2014 7:52 pm
Forum: Investing - Theory, News & General
Topic: Buying more when markets are down
Replies: 61
Views: 5989

Re: Buying more when markets are down

For people wondering where the extra money comes from, one thing I've done in the past is stop making extra payments on my mortgage when the market is down. But I didn't do it based on a down couple days, only when the market was down significantly as part of my re-balancing plan. I currently rent b...
by adam1712
Sun Sep 28, 2014 1:06 pm
Forum: Investing - Theory, News & General
Topic: rebalancing conundrum/paradox/irony
Replies: 96
Views: 8081

Re: rebalancing conundrum/paradox/irony

I think you've hit on a key point about glidepaths of asset allocation. If somebody has 30 years to invest and wants to invest in stocks and some 0 risk asset, the optimal way to do it is to always have the same amount invested in stocks every year. Taking gains off the table when stocks go up and b...
by adam1712
Thu Sep 25, 2014 10:09 am
Forum: Investing - Help with Personal Investments
Topic: Should I get a HSA? (Health Savings Account)
Replies: 14
Views: 1798

Re: Should I get a HSA? (Health Savings Account)

If you get an HSA plan, the deductible and out of pocket maximum would most likely be higher. So when you use health care, your costs will likely be more. The advantage is that the monthly premium you pay will be less, so costs will be less when you don't use health care. HSA plans are best financia...
by adam1712
Thu Sep 25, 2014 9:51 am
Forum: Investing - Help with Personal Investments
Topic: Should I get a HSA? (Health Savings Account)
Replies: 14
Views: 1798

Re: Should I get a HSA? (Health Savings Account)

It's still not clear, do you have a HSA elgible health insurance plan now? The first step is to figure out what health insurance plan is best for you. For the HSA account itself once you have HSA elgible health insurance, the first place is to look at is what is offered through your work. Getting yo...
by adam1712
Fri Sep 19, 2014 7:45 pm
Forum: Personal Consumer Issues
Topic: We have a grocery problem... [Household budget]
Replies: 158
Views: 13097

Re: We have a grocery problem... [Household budget]

My two suggestions are: 1) Be realistic. I find it easy to be overly optimistic at the grocery store and then life gets busy and I want a quicker prepared meal and things go to waste. 2) I apologize if I'm reading too much into this but it sounds like there may be some friction over deciding on meal...
by adam1712
Sat Sep 13, 2014 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Gifting planning for upper 60s widowed.
Replies: 30
Views: 2586

Re: Gifting planning for upper 60s widowed.

IMO, the big thing to be thinking about is the required minimum distributions (RMD) from the large Traditional IRA at age 70 1/2 that it appears won't be needed for current expenses. There should be no need to gift from currently held accounts. The parent should be able to gift from cash flow from S...
by adam1712
Sat Sep 06, 2014 10:41 am
Forum: Personal Consumer Issues
Topic: Vanguard Lost $50k
Replies: 103
Views: 11640

Re: Vanguard Lost $50k

Obviously this is concerning, but based on the story I'd be 99% sure it was a banking transaction error and not fraud. The chances of the bank and Vanguard not being able to make you whole I'm guessing are slim. I would not complicate matters by threatening or taking money out of Vanguard right now....
by adam1712
Mon Aug 04, 2014 10:02 am
Forum: Investing - Theory, News & General
Topic: Changing cost basis from Average Cost to Specific ID
Replies: 33
Views: 3957

Re: Changing cost basis from Average Cost to Specific ID

This is not correct, without some clarification. You can never go back for sales you made in the past; you can go back for sales you never made in the past. The term prospective in the regs is in terms of sales. Vanguard doesn't report purchases to the IRS; Vanguard reports sales to the IRS (or not...
by adam1712
Mon Aug 04, 2014 9:39 am
Forum: Investing - Theory, News & General
Topic: Changing cost basis from Average Cost to Specific ID
Replies: 33
Views: 3957

Re: Changing cost basis from Average Cost to Specific ID

... Suppose you have both covered and noncovered shares of a mutual fund and Vanguard, as always, defaults the status of all these shares to "average cost". Also suppose you have never sold any of these shares. I believe there should be no need to revoke anything since you have not electe...

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