Search found 1821 matches

by dmcmahon
Wed Jul 27, 2016 10:27 pm
Forum: Investing - Theory, News & General
Topic: Two-factor authentication via text messaging
Replies: 18
Views: 1852

Re: Two-factor authentication via text messaging

Seems pretty unlikely. But what is the alternative? The hackers will come up with a counter to anything that is created, just a matter of time. At the moment, 2 factor is a little better than one. At what point does the security feature inconvenience outweigh the covenience of doing things over the...
by dmcmahon
Wed Jul 20, 2016 11:28 am
Forum: Investing - Theory, News & General
Topic: Trying the Impossible - Financing 30-Year Retirements with 40-Year Careers
Replies: 70
Views: 8994

Re: Trying the Impossible - Financing 30-Year Retirements with 40-Year Careers

The islanders and coconut analogy shows only that it's not practical to accumulate claims on future production as a means to finance retirement unless the pool of workers is expanding. In the real world of the island, retirement of any of the workers can only be financed by either stockpiling necess...
by dmcmahon
Wed Jun 29, 2016 11:23 am
Forum: Investing - Theory, News & General
Topic: For those that "buy" during stock market downturns...
Replies: 158
Views: 10389

Re: For those that "buy" during stock market downturns...

I have a significant portion of my taxable bond allocation in cash. The difference between an intermediate-term bond and a savings account isn't that great right now, so I get away with this. This money stands ready to buy a large downdraft. Such a move would constitute an AA shift, but a modest one...
by dmcmahon
Thu Jun 23, 2016 10:57 pm
Forum: Investing - Theory, News & General
Topic: Actionable advice in a Brexit scenario
Replies: 162
Views: 16571

Re: Actionable advice in a Brexit scenario

According to the International Monetary Fund, in 1915 the World Gross Domestic Product totaled approximately $18 trillion dollars. The United Kingdom had a Gross Domestic Product of approximately $3 trillion dollars. I think you meant 2015, and the $18 trillion is the US GDP - world GDP is around $...
by dmcmahon
Thu Jun 23, 2016 8:56 pm
Forum: Investing - Theory, News & General
Topic: An Alternative to Being Long the S&P 500
Replies: 18
Views: 2344

Re: An Alternative to Being Long the S&P 500

How tax efficient is that 80/20 mix?
by dmcmahon
Wed Jun 08, 2016 11:32 pm
Forum: Personal Finance (Not Investing)
Topic: Where to enter CRUT donation in TurboTax?
Replies: 8
Views: 1104

Re: Where to enter CRUT donation in TurboTax?

I had a windfall, otherwise I would have just kept things simple. I received an in-kind distribution of appreciated stock shares from a partnership. Setting up the CRUT and donating the shares now while I'm still in a high tax bracket made a lot of sense. Effectively the charities will get more cash...
by dmcmahon
Wed Jun 08, 2016 4:32 pm
Forum: Investing - Theory, News & General
Topic: Yale scholars on tax treatment of stock buybacks
Replies: 28
Views: 1090

Re: Yale scholars on tax treatment of stock buybacks

As a practical matter it would seem very hard if not impossible to identify who sold stock to the company versus sold it to somebody else if this was a normal transaction using a broker. My understanding is that in general most stock buybacks do not exceed 1% of the trading in a given stock on any ...
by dmcmahon
Thu May 12, 2016 9:40 pm
Forum: Investing - Theory, News & General
Topic: NY Times article on the "tip of the iceberg" that is Puerto Rico
Replies: 76
Views: 11847

Re: NY Times article on the "tip of the iceberg" that is Puerto Rico

Thanks for raising awareness Larry. I've been following this disturbing trend for 10+ years now, and I avoid munis entirely due to this overhang. I recall Meridith Whitney getting trashed here for raising an alarm about this issue too early. Other than to move to a state that's less exposed than Cal...
by dmcmahon
Fri May 06, 2016 7:46 pm
Forum: Investing - Theory, News & General
Topic: public pension plan unfunded liabilities
Replies: 64
Views: 7339

Re: public pension plan unfunded liabilities

Plan return assumptions probably need to be adjusted to the new normal of lower returns, especially on bonds.
But at least some plans are taking a hard look at overpaying for underperformance in hedge funds and other such vehicles - at last!
by dmcmahon
Wed Apr 20, 2016 7:25 am
Forum: Personal Finance (Not Investing)
Topic: Where to enter CRUT donation in TurboTax?
Replies: 8
Views: 1104

Re: Where to enter CRUT donation in TurboTax?

I was able to trick TT into producing a mostly correct tax return, except for that one form. What I did is lie to TT about the property - I said yes to the question about transferring 100% of the interest in the property, but then entered the deductible value calculated by my attorney as if it were ...
by dmcmahon
Wed Apr 20, 2016 6:57 am
Forum: Investing - Theory, News & General
Topic: A new kind of a roth back door.
Replies: 7
Views: 1784

Re: A new kind of a roth back door.

I'm not sure it's a new idea and it's not limited to Roth accounts so it's more of a general retirement savings back door. I first heard the idea that's at the core of your proposal in the context of a company 401k plan. Basically the idea was to take a loan and then pay it back, thus adding the loa...
by dmcmahon
Mon Mar 28, 2016 9:58 pm
Forum: Investing - Theory, News & General
Topic: Michael Kitces says IRS auditors disapprove of Backdoor Roth IRA's
Replies: 154
Views: 21175

Re: Michael Kitces says IRS auditors disapprove of Backdoor Roth IRA's

I think this discussion is focusing on the wrong part of the interview. The point isn't that there's some hearsay about some people who got audited and reversed it. Kitces provides valuable information about the grounds that the IRS would use to object to the practice, as well as how to avoid runni...
by dmcmahon
Tue Mar 15, 2016 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: Throw away turbo tax disk?
Replies: 16
Views: 1832

Re: Throw away turbo tax disk?

Doesn't work. Too many updates needed which are no longer available on line. Save PDFs for all your returns, the old tt files will no longer be useful after about 5 years even if you keep the install disks. I generally agree with this, and personally keep PDFs of both my submitted return and all th...
by dmcmahon
Tue Mar 15, 2016 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Throw away turbo tax disk?
Replies: 16
Views: 1832

Re: Throw away turbo tax disk?

The only reason I can think of for keeping them is if for any reason you might have to reprint an old tax return. Doesn't work. Too many updates needed which are no longer available on line. Save PDFs for all your returns, the old tt files will no longer be useful after about 5 years even if you ke...
by dmcmahon
Tue Mar 15, 2016 12:02 am
Forum: Personal Finance (Not Investing)
Topic: Throw away turbo tax disk?
Replies: 16
Views: 1832

Re: Throw away turbo tax disk?

The only reason I can think of for keeping them is if for any reason you might have to reprint an old tax return. Doesn't work. Too many updates needed which are no longer available on line. Save PDFs for all your returns, the old tt files will no longer be useful after about 5 years even if you ke...
by dmcmahon
Sun Mar 13, 2016 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: Where to enter CRUT donation in TurboTax?
Replies: 8
Views: 1104

Re: Where to enter CRUT donation in TurboTax?

Nope, that doesn't work. If you "retained an interest in the property transferred" it says you can't use TT. I didn't really retain any interest in the property, but I have an interest in the trust, which seems like it's the same idea. Sign - another call to my attorney. The needed form is...
by dmcmahon
Sun Mar 13, 2016 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: Where to enter CRUT donation in TurboTax?
Replies: 8
Views: 1104

Re: Where to enter CRUT donation in TurboTax?

I had an accountant prepare 5227 for the trust. It's been filed with the IRS. California has it's own form, also prepared by the accountant and filed. The trust issued a K1 to me for the 2015 unitrust amount, which I'll report this year. TT has a place for me to enter that. So far so good. The issue...
by dmcmahon
Sun Mar 13, 2016 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: Where to enter CRUT donation in TurboTax?
Replies: 8
Views: 1104

Where to enter CRUT donation in TurboTax?

I set up a Charitable Remainder Unitrust last year, using appreciated stock. I have a letter from my lawyer with the details regarding the allowable deduction based on actuarial calculations. Problem is, I have no idea where or how to enter this amount in TurboTax. 100% of my past experience with TT...
by dmcmahon
Tue Mar 08, 2016 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Handling of K1 income [from trust income]
Replies: 3
Views: 384

Handling of K1 income [from trust income]

I have a question related to K1 income. Suppose that person A receives income from trust T. The income is paid in arrears after the calendar year. That is to say, in 2016, A received income from T that was computed on the trust's 2015 income. The trust paid 100% of its income to A, so it doesn't owe...
by dmcmahon
Fri Feb 26, 2016 1:10 am
Forum: Investing - Theory, News & General
Topic: Where does the money go when stocks and bonds are in the red ?
Replies: 34
Views: 4616

Re: Where does the money go when stocks and bonds are in the red ?

Although some shares are actually entering (IPOs) and leaving (buyouts, share repurchases) the market in exchange for cash, this isn't most of the swings you're seeing. Rather, you are seeing the changing estimates of the value of the businesses represented by the shares. The market makes its judgem...
by dmcmahon
Fri Feb 26, 2016 12:31 am
Forum: Investing - Theory, News & General
Topic: personal savings rate vs the general population
Replies: 69
Views: 9490

Re: personal savings rate vs the general population

Throughout the rest of the article, he argues generally that the ratio of workers to retirees will remain the same and that the means of exchange will devalue to naturally enforce that ratio. I'm not sure I agree that the ratio needs to remain the same. He already admits that when social security f...
by dmcmahon
Fri Feb 26, 2016 12:23 am
Forum: Investing - Theory, News & General
Topic: How has market regulation changed since 2008 Financial Crisis?
Replies: 17
Views: 1225

Re: How has market regulation changed since 2008 Financial Crisis?

One more thought. There is a "heads I win, tails you lose" proposition at the heart of most financial institutions. All things being equal, the company that has the most leverage will have the highest return on investment for the investors. Unless the bank goes bust, where the diversified...
by dmcmahon
Mon Feb 01, 2016 9:12 pm
Forum: Investing - Theory, News & General
Topic: Arguments against small-caps
Replies: 10
Views: 1581

Re: Arguments against small-caps

One could argue they're (more) overvalued (than the general market) by most metrics.

Despite thinking this, I own the market weight via the total market ETF.
by dmcmahon
Sat Dec 05, 2015 7:22 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard Federal Money Market Fund Reopened - MUST USE]
Replies: 77
Views: 7711

Re: Vanguad Brokerage settlements

...and this account will be exposed to fluctuating valuation... I have not seen that stated anywhere . This says: https://personal.vanguard.com/pdf/VGMMR.pdf ... U.S. government money market funds will be permitted to retain the stable $1.00 per share NAV and may be offered to institutional investo...
by dmcmahon
Sat Dec 05, 2015 3:41 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard Federal Money Market Fund Reopened - MUST USE]
Replies: 77
Views: 7711

Vanguad Brokerage settlements

[Thread merged into here, see below. --admin LadyGeek] Well, so much for the new rule about floating-value MM funds only affecting institutions. I just got a letter from VBS and if I'm reading it right, I'll be required to use a new MM fund as the settlement account for any transactions, and this a...
by dmcmahon
Sun Nov 01, 2015 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: CRUT - need some help [Charitable Remainder UniTrust]
Replies: 2
Views: 448

Re: CRUT - need some help

I guess I'll have to re-read it. Re. the payout, 5% is required I believe. The less than lifetime term is so that the charitable donations will hopefully occur while I'm still around.
by dmcmahon
Sat Oct 31, 2015 10:41 am
Forum: Personal Finance (Not Investing)
Topic: CRUT - need some help [Charitable Remainder UniTrust]
Replies: 2
Views: 448

CRUT - need some help [Charitable Remainder UniTrust]

I set up a Charitable Remainder UniTrust (CRUT) in July of 2015. The trust is to run for 15 years, paying me 5% of the assets annually, with the balance going to various charities at the end of that term, or if I die before the 15 years are up. I decided to be my own trustee, and I'm looking for an ...
by dmcmahon
Sat Jul 25, 2015 2:07 pm
Forum: Investing - Theory, News & General
Topic: [Original Research] The Failure of PE Market Timing Models
Replies: 50
Views: 4441

Re: [Original Research] The Failure of PE Market Timing Models

What happens if you factor in taxes? From what I can see its very difficult to overcome the tax drag from the trading required.
by dmcmahon
Wed Jul 22, 2015 6:29 pm
Forum: Investing - Theory, News & General
Topic: Pros and cons of adding Roth Option to 401K Plan
Replies: 103
Views: 7246

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

As an employee, the Roth 401k is of little benefit to me at the moment due to my tax situation. However, it's existence means that in retirement I'll be able to convert funds into a Roth without first moving them to an IRA, which is a plus. So the employees who'll benefit may be a larger group than ...
by dmcmahon
Tue Jul 21, 2015 9:46 pm
Forum: Investing - Theory, News & General
Topic: TIPS - Did you give up?
Replies: 218
Views: 27069

Re: TIPS - Did you give up?

All of mine are individual bonds with long dates. I still think inflation's inevitable and so they're a cheap hedge. I did refuse to buy them at negative yields, though. At present I'm no longer adding to my position until I have more space in tax deferred and the real yields are more attractive.
by dmcmahon
Wed Jun 24, 2015 9:52 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard ETF dividends?
Replies: 13
Views: 1790

Re: Vanguard ETF dividends?

Thanks. Um...what exactly is a "declaration date"?
by dmcmahon
Wed Jun 24, 2015 9:45 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard ETF dividends?
Replies: 13
Views: 1790

Vanguard ETF dividends?

Anyone know when they're supposed to be paid? I need to buy some shares but don't want to buy a distribution.
by dmcmahon
Tue Jun 16, 2015 10:03 pm
Forum: Forum Issues and Administration
Topic: Forum software upgrade bug reports and change requests
Replies: 261
Views: 37932

Re: Forum software upgrade bug reports and change requests

Woohoo! The forum looks "right" again on my iPad!
by dmcmahon
Tue May 12, 2015 11:08 pm
Forum: Forum Issues and Administration
Topic: What's new and changed in phpBB 3.1
Replies: 69
Views: 9197

Re: What's new and changed in phpBB 3.1

How do I change font size? I'm on an iPad as I write this, and the font size is a bit large, but on the home page it is unusable it's so large. Try holding the Apple key and - (Minus). Apple+ makes it larger if you go too far. Unless I'm missing it, there are no Apple (or Control) keys on the iPad ...
by dmcmahon
Wed May 06, 2015 9:42 pm
Forum: Forum Issues and Administration
Topic: UI issues (especially iPad)? please evaluate alternate styles
Replies: 41
Views: 6151

Re: UI issues (especially iPad)? please evaluate alternate styles

Thanks Gecko, this is exactly the issue - suddenly there is about half the information content visible on the pad's screen.

Fwiw the SE Square looks like the old format, of the choices on that demo site.
by dmcmahon
Wed May 06, 2015 3:06 pm
Forum: Forum Issues and Administration
Topic: UI issues (especially iPad)? please evaluate alternate styles
Replies: 41
Views: 6151

Re: UI issues (especially iPad)? please evaluate alternate styles

I'll check out the choices when I'm home and have access to the pad. Something definitely changed in the last week or two. I used to read the forum in landscape mode, and there were a lot more rows shown than I seem to see now. This is when looking at the board index or at a listing of topics within...
by dmcmahon
Tue May 05, 2015 7:55 pm
Forum: Forum Issues and Administration
Topic: Oh yuck, what just happened to the font?
Replies: 65
Views: 7932

Re: Oh yuck, what just happened to the font?

No obvious toolbar on the iPad
by dmcmahon
Tue May 05, 2015 7:16 pm
Forum: Forum Issues and Administration
Topic: Oh yuck, what just happened to the font?
Replies: 65
Views: 7932

Re: Oh yuck, what just happened to the font?

I still seem to have a problem. I use an iPad and on my device the forum pages suddenly look super sized, even though the font looks like a scaled up version of the one I think it's always used. Things seem to be 1.5 spaced as well. It's not easy to selectively clear the cache on the pad - you get a...
by dmcmahon
Sat Apr 11, 2015 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Limit on IRA contributions?
Replies: 2
Views: 302

Limit on IRA contributions?

My sister is a retired teacher and she may earn some modest amounts of money working as a substitute teacher. What limits apply to IRA contributions in this situation? As an example, supposed she earns $10,000.00, can she still contribute $5,500.00 + $1,000.00 to an IRA, or is there some lower limit...
by dmcmahon
Fri Mar 27, 2015 7:02 pm
Forum: Personal Consumer Issues
Topic: Tesla X
Replies: 232
Views: 35141

Re: Tesla X

You really want the gull wing doors?
by dmcmahon
Fri Mar 27, 2015 9:28 am
Forum: Personal Consumer Issues
Topic: Tesla S
Replies: 760
Views: 123903

Re: Tesla S

You see them everywhere here in Silicon Valley. Someone told me it's the #1 seller in Atherton (a well-heeled mid-peninsula suburb). No question the cars are sexy as hell, and incredible to drive (so I'm told) with amazing acceleration. My thoughts for what they're worth: 1. Having owned an electric...
by dmcmahon
Wed Mar 25, 2015 10:03 am
Forum: Personal Consumer Issues
Topic: Flash Drive Data Recovery
Replies: 5
Views: 866

Re: Flash Drive Data Recovery

When mine failed, it was still readable, just not writable. Unfortunately Windows insists on trying to write something to it whenever it's mounted. Fortunately Linux does not, so I was able to copy it off without losing anything.
by dmcmahon
Tue Mar 24, 2015 11:44 pm
Forum: Personal Consumer Issues
Topic: Car buying services - recommendations?
Replies: 14
Views: 2594

Car buying services - recommendations?

Any reason to prefer Costco vs AAA vs. ______? Any experiences using them to buy a new car, good or bad?
by dmcmahon
Tue Mar 24, 2015 11:43 pm
Forum: Personal Consumer Issues
Topic: Building a new house. Any recommendations?
Replies: 53
Views: 7224

Re: Building a new house. Any recommendations?

Wiring - it's hard to retrofit if you leave something out so get those cable runs everywhere you might conceivably want them, and make sure you have high-speed Ethernet wiring with a central closet or similar into which you can bring your broadband.
by dmcmahon
Sat Mar 21, 2015 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: COBRA vs ACA
Replies: 35
Views: 3411

Re: COBRA vs ACA

In early retirement, my ACA insurance has been better than excellent. The coverage is wonderful; networks are complete. Customer service is professional, friendly and helpful. My current ACA is superior to the both Cadillac plan I had as a corporate employee and the deluxe plan I later had as a pub...
by dmcmahon
Sat Mar 21, 2015 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Newly retired teacher - tax questions
Replies: 5
Views: 798

Newly retired teacher - tax questions

My sister recently retired after teaching for 30 years. I help prepare her tax return with TurboTax and 2015 is going to be a significant change from prior years. Question 1: are health insurance premiums deductible? Now that she's retired, she pays the county out of her modest pension to continue i...
by dmcmahon
Mon Mar 09, 2015 9:33 pm
Forum: Investing - Theory, News & General
Topic: If you could send an investment message 10 years in the past
Replies: 62
Views: 5907

Re: If you could send an investment message 10 years in the

If you received a message from yourself from the future, would you actually act on it?? I don't think I would. I would include a component that would ensure it came from me. It's not in my message but 140 characters is more than enough to append it. Since the only possible sender is me, and my past...
by dmcmahon
Mon Mar 09, 2015 8:29 pm
Forum: Investing - Theory, News & General
Topic: If you could send an investment message 10 years in the past
Replies: 62
Views: 5907

Re: If you could send an investment message 10 years in the

Put all your money into AAPL and hold until 2015

I would debate the notion that lottery tickets are an investment message.
by dmcmahon
Sun Mar 08, 2015 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Lowering Taxable Income
Replies: 18
Views: 2360

Re: Lowering Taxable Income

Leif wrote:If you are self employed you may be able to set up a pension plan (defined benefit) for yourself.


+1 maybe show this to the other docs in your practice:

http://www.forbes.com/sites/ashleaebeli ... t-savings/
by dmcmahon
Sat Mar 07, 2015 7:35 pm
Forum: Investing - Theory, News & General
Topic: Why is there more (real) money in the market?
Replies: 8
Views: 1428

Re: Why is there more (real) money in the market?

In a capitalist society, a disproportional share of the GDP goes to the capital owners. Search forum for previous discussions on this. I think you are on the wrong track here. What you say may be correct, but you'll see evidence of that in the ratio of corporate profits to GDP, currently at record ...

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