Search found 2445 matches

by am
Mon Feb 19, 2018 10:11 pm
Forum: Investing - Help with Personal Investments
Topic: 457 versus taxable contributions
Replies: 2
Views: 370

Re: 457 versus taxable contributions

Use the 457. The risk of failure is small (never heard of a doc. losing money in one of these). If your system fails, it won’t break you given your savings and you may get some of the money. 18500 put in the account only costs you 11-12k in take home pay. Tax deferred growth beats taxable. Good inve...
by am
Sun Feb 11, 2018 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 taxes and AMT
Replies: 13
Views: 1506

Re: 2018 taxes and AMT

I’ve been hit with amt for a decade. For 2018, I ran a bunch of income simulations and could not find one where amt got included. Looks like most of us are in the clear.
by am
Sat Feb 10, 2018 4:16 pm
Forum: Investing - Help with Personal Investments
Topic: Anybody hit their rebalance bands?
Replies: 20
Views: 1194

Re: Anybody hit their rebalance bands?

I didn’t because I got 10% bands. This makes rebalancing rare and less than this doesn’t matter (arguably even 10% doesn’t matter).
by am
Sun Feb 04, 2018 5:11 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Rebalancing
Replies: 49
Views: 7262

Re: The Final, Definitive Thread on Rebalancing

I love this thread! Just sayin': Jack Bogle: Bogle: Be Sensible About Rebalancing http://www.morningstar.com/cover/videocenter.aspx?id=615379 (Choice of quoting mine) "I am in a small minority on the idea of rebalancing. I don't think you need to do it...<snip>...sometimes rebalancing improves your...
by am
Sat Feb 03, 2018 11:32 pm
Forum: Personal Finance (Not Investing)
Topic: How risky is Med school student loan debt?
Replies: 151
Views: 9444

Re: How risky is Med school student loan debt?

There's a lot of bad advice being given. Facts are facts... physician salaries are decreasing and will continue to decrease... there are many unstoppable policies in place that will facilitate this. Couple that with tuition inflation (much higher than general inflation) and regular inflation. Decre...
by am
Thu Feb 01, 2018 10:14 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Intermediate-Term Tax-Exempt Fund
Replies: 9
Views: 2036

Re: Vanguard Intermediate-Term Tax-Exempt Fund

I’ve owner this fund for years. This fund is actively managed and from what I remember, vanguard uses their own credit analysis instead of depending on outside ratings.
by am
Sun Jan 28, 2018 9:25 pm
Forum: Investing - Help with Personal Investments
Topic: Does anyone not rebalance?
Replies: 66
Views: 4594

Re: Does anyone not rebalance?

Here’s another one about best investors -

http://www.businessinsider.com/forgetfu ... est-2014-9
by am
Sun Jan 28, 2018 9:12 pm
Forum: Investing - Help with Personal Investments
Topic: Does anyone not rebalance?
Replies: 66
Views: 4594

Re: Does anyone not rebalance?

How about setting 10-15% bands so I have a plan, but practically I’ll almost never have to rebalance? :D
by am
Sun Jan 28, 2018 5:18 pm
Forum: Investing - Help with Personal Investments
Topic: "Muni Bonds Time Bomb" Barron's
Replies: 47
Views: 4832

Re: "Muni Bonds Time Bomb" Barron's

Would think these possibilities are priced in. I remember the Whitney scare and than the threat of losing tax exempt status. Both didn’t pan out. Ignore the noise.
by am
Sun Jan 28, 2018 4:01 pm
Forum: Investing - Theory, News & General
Topic: 401k millionaires
Replies: 158
Views: 23690

Re: 401k millionaires

I assume they grabbed only individual accounts > $1M? I imagine the number may be significantly higher if you include households and multiple accounts. The Economic Policy Institute did a study in 2016 that looked at total retirement account savings by family. The threshold for the top 1% was $1,08...
by am
Sun Jan 28, 2018 3:50 pm
Forum: Investing - Help with Personal Investments
Topic: Does anyone not rebalance?
Replies: 66
Views: 4594

Re: Does anyone not rebalance?

I am pretty new to this site, but I will admit it seems that unfortunately much of the forum is plagued with questions from one of four subjects : I am going to market time, talk me out of it. Paying off house vs contributing to mutual funds I am going to buy individual securities, talk me out of i...
by am
Sun Jan 28, 2018 1:03 pm
Forum: Investing - Help with Personal Investments
Topic: Does anyone not rebalance?
Replies: 66
Views: 4594

Re: Does anyone not rebalance?

When I add an old Illinois pension cash value which grows 6% or so each year (Illinois rating baa) like a bond and cash in mm and savings, I am below my target allocation to stocks. Even lower if I include a sizable gift from in-laws which is invested 30/70 but not counted as part of my portfolio (l...
by am
Sun Jan 28, 2018 9:51 am
Forum: Investing - Help with Personal Investments
Topic: Does anyone not rebalance?
Replies: 66
Views: 4594

Re: Does anyone not rebalance?

I am about 5-10% above my original stock allocation. But I am having a real hard time selling equities to buy into bonds which have such low expected returns. I have years to invest/accumulate, relatively stable career, and high risk tolerance. I also figure that eventually my portfolio will rebala...
by am
Sun Jan 28, 2018 8:56 am
Forum: Investing - Help with Personal Investments
Topic: Does anyone not rebalance?
Replies: 66
Views: 4594

Re: Does anyone not rebalance?

sperry8 wrote:
Sun Jan 28, 2018 12:06 am
I stopped rebalancing after reading that annual rebalancing didn't move returns. It's also a way of capturing the momentum factor imo.

Rebalancing is for risk control not for increasing returns? Does the academic literatures support this?
by am
Sat Jan 27, 2018 9:58 pm
Forum: Investing - Theory, News & General
Topic: Wisdom of Bitcoin
Replies: 90
Views: 6859

Re: Wisdom of Bitcoin

I like the idea of bitcoin as a portable store of value which can evade government control, confiscation, collapse, etc. So the problem with bitcoin specifically is that it isn't anonymous at all. It takes not too much effort to track who owns coins by a variety of means. Hence in the case you outl...
by am
Sat Jan 27, 2018 9:33 pm
Forum: Investing - Help with Personal Investments
Topic: Does anyone not rebalance?
Replies: 66
Views: 4594

Does anyone not rebalance?

I am about 5-10% above my original stock allocation. But I am having a real hard time selling equities to buy into bonds which have such low expected returns. I have years to invest/accumulate, relatively stable career, and high risk tolerance. I also figure that eventually my portfolio will rebalan...
by am
Sat Jan 27, 2018 9:26 pm
Forum: Investing - Theory, News & General
Topic: U.S. stock inflows over the past 12 months: $25 billion. Taxable bond inflows: $392 billion
Replies: 6
Views: 1067

Re: U.S. stock inflows over the past 12 months: $25 billion. Taxable bond inflows: $392 billion

What happened to the buying high and selling low crowd? Could this behavior be because of roboadvisors, countless books promoting indexing and stay the course, poor active management performance, and knowing that the market always goes up long term. Maybe this time is different? I highly doubt it bu...
by am
Sat Jan 27, 2018 9:11 pm
Forum: Investing - Theory, News & General
Topic: Wisdom of Bitcoin
Replies: 90
Views: 6859

Re: Wisdom of Bitcoin

I like the idea of bitcoin as a portable store of value which can evade government control, confiscation, collapse, etc. Years ago when family immigrated to America, all their valuables had to be left behind. It would be nice to have say 1/2 of networth stored in something that could be protected an...
by am
Sat Jan 27, 2018 8:48 pm
Forum: Investing - Help with Personal Investments
Topic: "Muni Bonds Time Bomb" Barron's
Replies: 47
Views: 4832

Re: "Muni Bonds Time Bomb" Barron's

Don’t the rating take the funding issues and problems into account? If you stick with investment grade I think it should be ok.
by am
Sat Jan 27, 2018 4:29 pm
Forum: Investing - Theory, News & General
Topic: Robert Shiller: Stock Market Like 1928
Replies: 57
Views: 6557

Re: Robert Shiller: Stock Market Like 1928

To be fair to Shiller what he said was (emphasis mine): “ In some sense , we’re similar to the 1920 — I’ll say the ’28 market.” Shiller [...] concludes with - The truth is that it is impossible to pin down the full cause of the high price of the US stock market. The lack of any clear justification ...
by am
Sat Jan 27, 2018 2:48 pm
Forum: Investing - Theory, News & General
Topic: Robert Shiller: Stock Market Like 1928
Replies: 57
Views: 6557

Re: Robert Shiller: Stock Market Like 1928

Priced in? It’s a bunch of baloney. You got a bunch of impulsive emotion driven humans trying to outguess each other. Not sure priced in, pe 10 or any other quantitative figures can explain human behavior.
by am
Sat Jan 27, 2018 11:37 am
Forum: Investing - Theory, News & General
Topic: Robert Shiller: Stock Market Like 1928
Replies: 57
Views: 6557

Re: Robert Shiller: Stock Market Like 1928

Low interest rates, new tax cuts, high profits, lowest Corp. tax rate In decades, pro business leadership, etc. Current conditions could drive market much higher. In 99’, valuations were higher, but even after the bear that followed, look where we are now! Stay the course if you have decades to inve...
by am
Fri Jan 26, 2018 10:55 pm
Forum: Investing - Theory, News & General
Topic: Robert Shiller: Stock Market Like 1928
Replies: 57
Views: 6557

Re: "Stay the Course"

Irrational Exuberance...is this phase II coming ??? or is this just Noise. https://finance.yahoo.com/news/robert-shiller-stock-market-today-similar-stock-market-1928-204253341.html Ricola: When I am unsure what to do, I remember this advice from our mentor, Jack Bogle: Stay the course . I have said...
by am
Fri Jan 26, 2018 10:41 pm
Forum: Investing - Theory, News & General
Topic: Robert Shiller: Stock Market Like 1928
Replies: 57
Views: 6557

Re: "Stay the Course"

Irrational Exuberance...is this phase II coming ??? or is this just Noise. https://finance.yahoo.com/news/robert-shiller-stock-market-today-similar-stock-market-1928-204253341.html Ricola: When I am unsure what to do, I remember this advice from our mentor, Jack Bogle: Stay the course . I have said...
by am
Sun Jan 21, 2018 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance - Physician
Replies: 28
Views: 1911

Re: Disability Insurance - Physician

It’s another reason to be an employed physician, I’m 47 and have had a policy all along since finishing fellowship paid for by my employer My wife is a physician too so perhaps I don’t have as much need for a policy as one physician families IMO I would get one if my BMI is over 30 Because odds of ...
by am
Sun Jan 21, 2018 2:25 pm
Forum: Investing - Help with Personal Investments
Topic: A 4-5% rebalance to bonds barely budges risk/return
Replies: 43
Views: 3544

Re: A 4-5% rebalance to bonds barely budges risk/return

I'm not sure why you say that 30% vs 40% of a portfolio loss would be just as painful. If I had a million dollars (cue the music), and then during a crash it fell to $600k, I'm sure I'd much rather have $700k. When the next bear hits, I don’t think being 70/30 versus 80/20 would matter for me. It w...
by am
Sun Jan 21, 2018 1:53 pm
Forum: Investing - Help with Personal Investments
Topic: A 4-5% rebalance to bonds barely budges risk/return
Replies: 43
Views: 3544

Re: A 4-5% rebalance to bonds barely budges risk/return

I'm not sure why you say that 30% vs 40% of a portfolio loss would be just as painful. If I had a million dollars (cue the music), and then during a crash it fell to $600k, I'm sure I'd much rather have $700k. When the next bear hits, I don’t think being 70/30 versus 80/20 would matter for me. It w...
by am
Sun Jan 21, 2018 1:20 pm
Forum: Investing - Help with Personal Investments
Topic: A 4-5% rebalance to bonds barely budges risk/return
Replies: 43
Views: 3544

Re: A 4-5% rebalance to bonds barely budges risk/return

Is there anything wrong with not rebalancing at all? Losing 30 versus 40 percent of piortfolio would be just as painful but I would keep buying like I did in 2008 (although now I have 10x more).
by am
Sat Jan 20, 2018 10:50 am
Forum: Personal Finance (Not Investing)
Topic: New tax law and changes to paycheck
Replies: 20
Views: 2016

Re: New tax law and changes to paycheck

My understanding is that the tax law will impact paychecks next month. I was looking for a calculator that would estimate the new amount once the changes take effect. This one that I have used in the past does not: https://www.paycheckcity.com/calculator/salary/ Also, will most people need to chang...
by am
Sat Jan 20, 2018 10:19 am
Forum: Personal Finance (Not Investing)
Topic: New tax law and changes to paycheck
Replies: 20
Views: 2016

New tax law and changes to paycheck

My understanding is that the tax law will impact paychecks next month. I was looking for a calculator that would estimate the new amount once the changes take effect. This one that I have used in the past does not: https://www.paycheckcity.com/calculator/salary/ Also, will most people need to change...
by am
Fri Jan 19, 2018 10:20 am
Forum: Investing - Theory, News & General
Topic: Rebalancing in last 12 months
Replies: 19
Views: 1455

Re: Rebalancing in last 12 months

What does academic literature say on frequency of rebalancing and effect on returns? I remember a fidelity article about best returns being for those who were deceased and didn’t touch their accounts.
by am
Wed Jan 10, 2018 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: Use HSA money or pay out of pocket?
Replies: 36
Views: 3002

Re: Use HSA money or pay out of pocket?

I’d rather take the tax savings at high bracket and pay expenses now. I don’t want to complicate things with years old receipts. It’s a relatively small amount which shouldn’t matter much.
by am
Fri Jan 05, 2018 5:42 pm
Forum: Investing - Help with Personal Investments
Topic: Why not Muni Money Market?
Replies: 41
Views: 3510

Re: Why not Muni Money Market?

The Tax exempt muni MM portfolio is almost 100% VRDO (variable rate deposit obligations) which are long term bonds from municipalities where the interest rate changes on a weekly or so basis and the holder has a put option to be able to sell the bond to an underwritir like a Bank or insurance compa...
by am
Fri Jan 05, 2018 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Non gov 457b and new tax law. Any changes?
Replies: 0
Views: 134

Non gov 457b and new tax law. Any changes?

My understanding is no, but wanted to check with those who may know more.
by am
Thu Jan 04, 2018 4:11 pm
Forum: Investing - Theory, News & General
Topic: Muni Money Market funds starting to look good!
Replies: 75
Views: 11754

Re: Muni Money Market funds starting to look good!

I am getting tempted to transfer some of my cash stash from amex savings (1.35) to vang munic money market (1.42). At my bracket (32-35) I am looking at an extra 100 bucks. Wondering whether its worth it?
by am
Wed Jan 03, 2018 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Impact of new bill on paycheck?
Replies: 18
Views: 2088

Re: Impact of new bill on paycheck?

My check was a bit bigger this coming pay period but not as much as I would think given expected 15k savings. I am assuming checks starting in Feb will be larger.
by am
Wed Jan 03, 2018 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: How safe are retirement accounts?
Replies: 19
Views: 1814

Re: How safe are retirement accounts?

Pretax Retirement account withdrawals are taxable. The risk is that tax rates go up. Those that retire in the next 10 years look to be in good shape. If any attempt is made to change Roth IRA tax rules, there will be massive revolt and litigation, as that would be punitive double taxation, since th...
by am
Wed Jan 03, 2018 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Online High yield savings account for emergency funds
Replies: 29
Views: 3081

Re: Online High yield savings account for emergency funds

Sab3699 wrote:
Wed Jan 03, 2018 12:50 pm
am wrote:
Wed Jan 03, 2018 12:38 pm
I like amex savings 1.35 and ally. No problems over the years
Great thanks, Do you know if there is a cost with transferring the money over from another checking account (I use Chase)
Not for me and I also use chase.
by am
Wed Jan 03, 2018 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Online High yield savings account for emergency funds
Replies: 29
Views: 3081

Re: Online High yield savings account for emergency funds

I like amex savings 1.35 and ally. No problems over the years
by am
Wed Jan 03, 2018 8:02 am
Forum: Personal Finance (Not Investing)
Topic: Can’t switch money markets in business account
Replies: 1
Views: 187

Can’t switch money markets in business account

We have a vanguard business account where we currently have the federal mm. We would like to switch to the municipal money market due to high bracket. The system is telling us that the municipal money market is not eligible for this account? Is this worth a call to Vanguard?
by am
Tue Jan 02, 2018 10:38 pm
Forum: Investing - Theory, News & General
Topic: Muni Money Market funds starting to look good!
Replies: 75
Views: 11754

Re: Muni Money Market funds starting to look good!

ZinCO wrote:
Tue Jan 02, 2018 10:27 pm
And today Municipal Money Market (VMSXX) has jumped to 1.40%. Is there a graph anywhere of yield vs time?
That may not be the distribution yield as that is what you get.
by am
Tue Jan 02, 2018 8:45 pm
Forum: Investing - Theory, News & General
Topic: Talk me out of a 60/40 AA
Replies: 76
Views: 8373

Re: Talk me out of a 60/40 AA

What do bonds protect Against? Short term fluctuations down, not inflation ( assuming not tips), less feelings of loss when market goes down? I never really understood why I hold bonds too much. Losing 500k instead of 630k will hurt bad enough. More efficient portfolio has no practical meaning to me...
by am
Sun Dec 31, 2017 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Solo 401k - Contribution Options
Replies: 7
Views: 574

Re: Fidelity Solo 401k - Contribution Options

I have to go to the branch quarterly to deposit checks. Wish you could do it by internet transfer.
by am
Sun Dec 31, 2017 3:52 pm
Forum: Investing - Help with Personal Investments
Topic: Predictions for 2018 Investments
Replies: 9
Views: 1096

Re: Predictions for 2018 Investments

Why do we like to predict when we all know how worthless it is for the markets?
by am
Sun Dec 31, 2017 3:41 pm
Forum: Investing - Theory, News & General
Topic: Muni Money Market funds starting to look good!
Replies: 75
Views: 11754

Re: Muni Money Market funds starting to look good!

Hodor wrote:
Sun Dec 31, 2017 2:00 pm
am wrote:
Sun Dec 31, 2017 1:29 pm
For int. Muni, recent distribution yield was 2.7 versus sec yield of 2.09? Can anyone explain?
I think distribution yield can include return of principal, which is not included in SEC yield.
What do mean by return of principal? I thought munis only pay interest?
by am
Sun Dec 31, 2017 1:29 pm
Forum: Investing - Theory, News & General
Topic: Muni Money Market funds starting to look good!
Replies: 75
Views: 11754

Re: Muni Money Market funds starting to look good!

For int. Muni, recent distribution yield was 2.7 versus sec yield of 2.09? Can anyone explain?
by am
Thu Dec 28, 2017 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Question about Sunday religious school tuition deduction
Replies: 6
Views: 463

Re: Question about Sunday religious school tuition deduction

Generally, if a charitable organization gives you goods or services in return for a payment, the payment is not deductible. So, I would think neither the tuition nor tutoring fees would qualify as deductible. Why are Temple dues deductible? Aren’t we getting membership and ability to attend religio...
by am
Thu Dec 28, 2017 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Question about Sunday religious school tuition deduction
Replies: 6
Views: 463

Question about Sunday religious school tuition deduction

We are trying to save a bit on taxes by prepaying temple dues. Our kids attend Sunday religious school at our temple. We pay for this on top of annual dues for the temple. My understanding is that the Temple dues are tax deductible, but I am not sure about religious school tuition? Also, would tutor...
by am
Sun Dec 24, 2017 8:18 pm
Forum: Investing - Help with Personal Investments
Topic: Does Vanguard have a way to track outside investments?
Replies: 9
Views: 1465

Re: Does Vanguard have a way to track outside investments?

The portfolio analyzer tool does not analyze outside funds well like Fidelity. It gives me wrong proportions of small, mid large and international.
by am
Sun Dec 24, 2017 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Impact of new bill on paycheck?
Replies: 18
Views: 2088

Re: Impact of new bill on paycheck?

You'll be taxed at the current rate. Any differences would be settled at filing time. So at some point, depending on employer, the checks will get larger compared to last year? I am looking at a 15-20k savings based on the new tax laws for the year. Don’t want to give the gov. a big loan for next y...