Search found 3424 matches

by dratkinson
Thu Jul 28, 2016 4:25 pm
Forum: Investing - Help with Personal Investments
Topic: Thank you
Replies: 6
Views: 914

Re: Thank you

^^^ Bligh, We can't tell from your description enough about your financial situation to be comfortable that you are on the best path. Why? Too much missing information. E.G.: fed/state tax brackets, are you contributing to a self-employed retirement plan/IRA, ditto for your spouse: employer's retire...
by dratkinson
Wed Jul 27, 2016 4:37 pm
Forum: Investing - Theory, News & General
Topic: Theory only... when to stop 401k contribution
Replies: 37
Views: 3278

Re: Theory only... when to stop 401k contribution

Assuming more tax-advantaged space is better than less, then use all you have every year. Then after retirement and before taking SS, you can scratch the itch to pay more in taxes (which you would do if you didn't use all your annual TA space) by converting your 401K into a Roth IRA. Done. The best ...
by dratkinson
Wed Jul 27, 2016 2:53 pm
Forum: Investing - Help with Personal Investments
Topic: Beginner Investor
Replies: 16
Views: 830

Re: Beginner Investor

One additional tip: If the money derives from earned income this year (e.g., a summer job), consider opening an IRA instead of a taxable account. To the OP, "earned income" can be simply defined as any money you received and paid FICA & MC taxes on. If the money you've earned comes fr...
by dratkinson
Tue Jul 26, 2016 2:32 pm
Forum: Investing - Theory, News & General
Topic: "6 Ways to Simplify Your Retirement Portfolio Plan"
Replies: 12
Views: 2144

Re: "6 Ways to Simplify Your Retirement Portfolio Plan"

I believe point #6---going paperless---is optional at best, or a bad idea at worst. Why? I believe paper documents are insurance against cognitive decline. It's hard to forget statements that show up in your mailbox. Case in point. Above M* article links to other articles of interest to me. Wanting ...
by dratkinson
Mon Jul 25, 2016 5:17 pm
Forum: Personal Consumer Issues
Topic: Removing Broken Bolts
Replies: 54
Views: 3261

Re: Removing Broken Bolts

I think what makes most sense for me is to eventually remove the long vertical insert with the broken bolts and replace it with a new one. I do not have the skill to get the bolts out and I think it would be too expensive to hire someone to do it. By the way, I went to Home Depot and Lowes today an...
by dratkinson
Sun Jul 24, 2016 4:41 pm
Forum: Personal Consumer Issues
Topic: World VCR production is ending next month. What to do with my old VHS tapes?
Replies: 57
Views: 4365

Re: World VCR production is ending next month. What to do with my old VHS tapes?

Mingus wrote:
rec7 wrote:I am still using my VCR a couple times per week. Anybody else?


No.


Yes.
by dratkinson
Sun Jul 24, 2016 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: Creating a Budget
Replies: 24
Views: 2195

Re: Creating a Budget

Use whatever works best for your friend. Once they learn to live below their means, then they don't need a budget. Absolutely. I have a friend who uses YNAB and falls behind updating it all the time. I'm sure I would do the same. I do live below my means but keep an excel spreadsheet both to keep u...
by dratkinson
Sat Jul 23, 2016 1:40 pm
Forum: Investing - Theory, News & General
Topic: High Yield Junk Bonds
Replies: 45
Views: 3536

Re: High Yield Junk Bonds

Found these. Bond default rates (1981? - 2007), for municipal versus corporate bonds by rating and rating agency." See: https://en.wikipedia.org/wiki/Bond_credit_rating#Default_rates AMT exposure. (For those considering added a HY muni fund.) See: http://www.savingtoinvest.com/alternative-minim...
by dratkinson
Sat Jul 23, 2016 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Creating a Budget
Replies: 24
Views: 2195

Re: Creating a Budget

Use whatever works best for your friend. Once they learn to live below their means, then they don't need a budget. I started out ('70s) with pencil/paper and tracked my expenses for 3-6 months. Extrapolated that information to a full year of spending. I used that information to identify all spending...
by dratkinson
Fri Jul 22, 2016 2:03 pm
Forum: Investing - Help with Personal Investments
Topic: Moving managed fund from taxable account to tax-advantaged account
Replies: 4
Views: 443

Re: Moving managed fund from taxable account to tax-advantaged account

I quickly skimmed your posts (as provided by ego search index page) and learned: you're 33, married, combined income $258K, meaning you're in the ~28% fed tax bracket. I see you asked about making individual changes, but didn't read deeply enough to see if you asked for a forum review of your total ...
by dratkinson
Thu Jul 21, 2016 12:35 pm
Forum: Investing - Help with Personal Investments
Topic: Investment / Portfolio Plan @ Mid 30s For Malaysian Citizen Advice Needed
Replies: 5
Views: 352

Re: Investment / Portfolio Plan @ Mid 30s For Malaysian Citizen Advice Needed

I can't be of any direct help. And didn't find any direct help when I searched the Wiki for you. Local chapters. I do recall there are two forum-following chapters in your area. Search forum for "Taiwan chapter" and "Singapore chapter". Send PMs (private message) to identified me...
by dratkinson
Thu Jul 21, 2016 12:06 pm
Forum: Forum Issues and Administration
Topic: Forum software upgrade bug reports and change requests
Replies: 260
Views: 37059

Re: Forum software upgrade bug reports and change requests

not sure where to post this suggestion, so will put it here. On another forum I frequent (non-financial one), there is a 'thank you' button. What is it for? Lets say one asks a question in a thread and gets 8 responses. Instead of creating 8 separate replies and typing 'thank you' and posting 8 sep...
by dratkinson
Wed Jul 20, 2016 1:40 pm
Forum: Personal Consumer Issues
Topic: Removing Broken Bolts
Replies: 54
Views: 3261

Re: Removing Broken Bolts

Google "EDM remove bolt", no quotes.
by dratkinson
Tue Jul 19, 2016 6:23 pm
Forum: Investing - Help with Personal Investments
Topic: Invest Emergency Fund?
Replies: 12
Views: 1011

Re: Invest Emergency Fund?

Emergency fund. How large should a separate EF be? Where should it be? Mitigating circumstance: unemployment insurance. As one senior investor recently reminded the forum, we should expect to receive unemployment insurance for several months after a job loss. So this can reduce the size of our stan...
by dratkinson
Mon Jul 18, 2016 4:26 pm
Forum: Personal Consumer Issues
Topic: beehive near deck
Replies: 20
Views: 1216

Re: beehive near deck

A few years back, yellow jackets built a nest under my eves and too close for comfort. (Ranch style home, low eves, nest close to back door.) Removed it by waiting until after dark, when they were all home, then sprayed it with a pressurized can of wasp spray. Needed: flashlight and wasp spray. One ...
by dratkinson
Sun Jul 17, 2016 4:04 pm
Forum: Personal Consumer Issues
Topic: Hatchback to match Camry on price/comfort/reliability?
Replies: 42
Views: 2994

Re: Hatchback to match Camry on price/comfort/reliability?

Recall a recent topic on vehicle reliability. Recall a linked internet article. Google "most least expensive cars to maintain", no quotes.

Recall Toyota Highlander was highly-rated. Know nothing about its ride comfort, but it's on my list to try.
by dratkinson
Sun Jul 17, 2016 3:34 pm
Forum: Investing - Help with Personal Investments
Topic: 21 Yrs Old - Am I on the right track?
Replies: 53
Views: 3321

Re: 21 Yrs Old - Am I on the right track?

Your road to Dublin. Your preferences are allowed. Your logic is reasonable. Your outlined plan seems doable. You’ve constructed the investing map you will follow on your road to Dublin. Terminology. At step 4, after you sell S&P500, I believe your taxable brokerage account is still open, it jus...
by dratkinson
Sun Jul 17, 2016 4:29 am
Forum: Investing - Help with Personal Investments
Topic: 21 Yrs Old - Am I on the right track?
Replies: 53
Views: 3321

Re: 21 Yrs Old - Am I on the right track?

... My decision is to sell the Wellington in the taxable and then use the proceeds to buy total stock market index in he Roth. In addition to that I will buy $2k worth of a Target Date fund with ~20% bonds. ... Details. Will the TDR fund go in your Roth, or in your taxable account? You don't say. -...
by dratkinson
Sat Jul 16, 2016 8:43 pm
Forum: Investing - Help with Personal Investments
Topic: 21 Yrs Old - Am I on the right track?
Replies: 53
Views: 3321

Re: 21 Yrs Old - Am I on the right track?

... As for the Wellington, I recently sold the STAR fund in my taxable account for a STCL of -$88. (Which I can report on my taxes for TLH purposes). I exchanged the STAR fund for the Wellington fund just yesterday (7/15). So the Wellington fund has been in my taxable account for 1 day. So if I tra...
by dratkinson
Sat Jul 16, 2016 7:37 pm
Forum: Investing - Help with Personal Investments
Topic: 21 Yrs Old - Am I on the right track?
Replies: 53
Views: 3321

Re: 21 Yrs Old - Am I on the right track?

Advanced topic: International allocation. Mr. Bogle doesn't recommend an allocation to international. The US is ~50% of the total world market, meaning international is the other 50%. Vanguard recommends 20-40% allocation range, and includes an allocation in most of its all-in-one funds. 30% is clo...
by dratkinson
Sat Jul 16, 2016 5:17 am
Forum: Investing - Help with Personal Investments
Topic: 21 Yrs Old - Am I on the right track?
Replies: 53
Views: 3321

Re: 21 Yrs Old - Am I on the right track?

... The purchase of the S$P 500 shares were over 3 months ago. My executed shares of Wellington started today. Can I still open a Roth IRA and transfer that over today if I wanted? What does "executed shares" mean? You bought? You sold? The short answers. Yes. Not recommended. For your ab...
by dratkinson
Fri Jul 15, 2016 3:11 pm
Forum: Investing - Help with Personal Investments
Topic: Investing down payment for car
Replies: 37
Views: 1849

Re: Investing down payment for car

Recommended short-term savings: goal horizons and vehicles. 0-5 years: insured saving, CDs, money market account, or US savings bonds (1-year lockout, annual purchase limit). 5-10 years: safe bond funds/ETFs. >10 years: safe stock funds/ETFs. With a small EF and saving for short-term goals, you car...
by dratkinson
Fri Jul 15, 2016 2:47 pm
Forum: Investing - Help with Personal Investments
Topic: 21 Yrs Old - Am I on the right track?
Replies: 53
Views: 3321

Re: 21 Yrs Old - Am I on the right track?

... I should've been more clear but my Gross income over this year will be over $20,000 and I will Net about $15,000 of that. My STCG on the S&P500 are currently ~$120, so I do suppose I could sell it and buy TSM now if I wanted to. The devil is in the details. In this case the tax consequence ...
by dratkinson
Thu Jul 14, 2016 11:45 pm
Forum: Investing - Help with Personal Investments
Topic: A Newer Portfolio
Replies: 22
Views: 2056

Re: A Newer Portfolio

You've thought about your plan. It's not bad and your decision is within the range of acceptability. The only test is: If you can sleep with it, then it's good enough... for you. And that's all that matters. One question. Given that more tax-advantaged space is better than less... why, after contrib...
by dratkinson
Thu Jul 14, 2016 8:40 pm
Forum: Investing - Help with Personal Investments
Topic: 21 Yrs Old - Am I on the right track?
Replies: 53
Views: 3321

Re: 21 Yrs Old - Am I on the right track?

... I would like to set myself up for when I am in the 25% tax bracket in 2 years upon graduation. With that in mind, I am going to have $3k of S&P 500 index in the Taxable account and $3k of Wellington in the Roth IRA. S&P500 is fine, but TSM would be a little better. You either have a cap...
by dratkinson
Thu Jul 14, 2016 3:14 pm
Forum: Investing - Help with Personal Investments
Topic: 21 Yrs Old - Am I on the right track?
Replies: 53
Views: 3321

Re: 21 Yrs Old - Am I on the right track?

Data point. Total stock market index fund = S&P500 index fund (80%) + extended market index fund (20%). --One fund (TSM) = lower total minimum to invest, more tax efficient. --Two funds = same coverage as TSM, but higher total minimum to invest and less tax efficient. You would never exchange S&...
by dratkinson
Wed Jul 13, 2016 1:41 pm
Forum: Investing - Help with Personal Investments
Topic: Where to invest taxable funds? Help please
Replies: 9
Views: 798

Re: Where to invest taxable funds? Help please

The short answer. --Construct for yourself a 3-fund portfolio in taxable. --Substitute a muni bond fund for the 3-fund's recommended TBM. (I use VWLTX (LT national muni) for greater after-tax yield than TBM.) --Idea: Move your EF into your muni fund for greater after-tax yield. (Greater yield does c...
by dratkinson
Wed Jul 13, 2016 12:19 pm
Forum: Investing - Help with Personal Investments
Topic: Q on merging retirement accounts
Replies: 12
Views: 1101

Re: Q on merging retirement accounts

This clarification/exchange by PM. Thought it worth mentioning. Another gotcha. If you are still working and plan to make use of the "backdoor Roth" or "mega backdoor Roth" concepts, then the existence of any rollover traditional IRA causes a problem. Solution: roll rollover IRA ...
by dratkinson
Tue Jul 12, 2016 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Due diligence before becoming a shareholder in a medical practice
Replies: 30
Views: 2398

Re: Due diligence before becoming a shareholder in a medical practice

Can search the White Coat Investor website for "Stupid Doctor Tricks". See if he has an opinion.
by dratkinson
Tue Jul 12, 2016 4:56 pm
Forum: Investing - Help with Personal Investments
Topic: Investing idea, evaluation is needed..
Replies: 14
Views: 592

Re: Investing idea, evaluation is needed..

Refinancing to draw money out works well... until it doesn't.

Had a neighbor, nice guy, helpful, lots of tools. Refinanced his home to flip houses in the up housing market before 2008. It worked for a while, but lost him in 2008 when bank foreclosed on his home.
by dratkinson
Tue Jul 12, 2016 3:34 pm
Forum: Investing - Help with Personal Investments
Topic: Emergency Fund
Replies: 10
Views: 1048

Re: Emergency Fund

Plan for the worst. Hope for the best. Mitigating circumstance: unemployment insurance. As one senior investor recently reminded the forum, we should expect to receive unemployment insurance for several months after a job loss. So this can reduce the size of our standalone EF. Mitigating circumstanc...
by dratkinson
Mon Jul 11, 2016 10:02 am
Forum: Investing - Help with Personal Investments
Topic: Q on merging retirement accounts
Replies: 12
Views: 1101

Re: Q on merging retirement accounts

Another gotcha. If you are still working and plan to make use of the "backdoor Roth" or "mega backdoor Roth" concepts, then the existence of any rollover traditional IRA causes a problem. Solution: roll rollover IRA into an existing employer's retirement plan---no rollover IRA, ...
by dratkinson
Sun Jul 10, 2016 11:08 am
Forum: Personal Finance (Not Investing)
Topic: Setting Up Auto Distributions to Avoid Inactivity Fee
Replies: 6
Views: 643

Re: Setting Up Auto Distributions to Avoid Inactivity Fee

Been there done that. Past solution. Reinvested CD interest counts as account activity at my CU. (Double check this for yours.) So can set up a CD (as small/large as you like) as a tier of your emergency funds. If you do nothing at maturity, CU will automatically roll it over for you. Current soluti...
by dratkinson
Sun Jul 10, 2016 10:23 am
Forum: Investing - Help with Personal Investments
Topic: Q on merging retirement accounts
Replies: 12
Views: 1101

Re: Q on merging retirement accounts

Another gotcha. If you are still working and plan to make use of the "backdoor Roth" or "mega backdoor Roth" concepts, then the existence of any rollover traditional IRA causes a problem. Solution: roll rollover IRA into an existing employer's retirement plan---no rollover IRA, n...
by dratkinson
Sun Jul 10, 2016 10:12 am
Forum: Investing - Help with Personal Investments
Topic: Putting Your Emergency Fund In I Bonds?
Replies: 5
Views: 912

Re: Putting Your Emergency Fund In I Bonds?

Electronic I bonds. I did it for a while and found it to be okay. Each transaction (buy/redeem electronic bonds) is relatively painless and takes ~2 business days for the ACH to process. So if you do have an emergency, you can get the money relatively quickly. Some reported having trouble with the T...
by dratkinson
Sat Jul 09, 2016 12:45 pm
Forum: Investing - Help with Personal Investments
Topic: A Newer Portfolio
Replies: 22
Views: 2056

Re: A Newer Portfolio

Using S&P500 + SC is a tax inefficient way of replicating TSM. TSM is recommended because it is more tax efficient than S&P500 + SC. When companies move* between indexes, funds must sell/buy to reconstitute their holdings to follow the index. This causes CGs, which if ST, you pay at your hig...
by dratkinson
Fri Jul 08, 2016 5:06 pm
Forum: Investing - Help with Personal Investments
Topic: Help Me Understand My Edward Jones Broker
Replies: 30
Views: 1748

Re: Help Me Understand My Edward Jones Broker

EJ's mission is to use fees and commission to turn your worthless wealth into their valuable wealth. You give them a "fair" chance of succeeding the longer you stay. If you search forum, you will eventually find this linked article. I found it an interesting read. Edward Jones saga: http:/...
by dratkinson
Wed Jul 06, 2016 6:11 pm
Forum: Investing - Help with Personal Investments
Topic: Please Analyze my portfolio
Replies: 10
Views: 1200

Re: Please Analyze my portfolio

^^^ See specific advice above on 3-fund portfolio. See supporting advice surrounding it. Why? Because it all fits together.
by dratkinson
Wed Jul 06, 2016 11:13 am
Forum: Personal Finance (Not Investing)
Topic: At what point do you stop... [chasing rates]
Replies: 32
Views: 3553

Re: At what point do you stop... [chasing rates]

BH At what point do you stop… [chasing rates] Now all my excess cash goes to VWLTX which gives me a ~3% taxable-equivalent yield. I don't disagree on the minimal value of account churning but isn't VWLTX long-term, which poses price risk if interest rates rise? That's hardly the same as the stabilit...
by dratkinson
Tue Jul 05, 2016 2:27 pm
Forum: Investing - Help with Personal Investments
Topic: I am new to this word: investing
Replies: 4
Views: 562

Re: I am new to this word: investing

Windfall. Consider your inheritance to be a windfall, and manage it as such. See: https://www.bogleheads.org/wiki/Managing_a_windfall After you are employed.... Preferred investing order (generic). --Employers' 401k/403b/457... to get the full employer's match. It's free money. --Personal IRA. ($5....
by dratkinson
Tue Jul 05, 2016 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: At what point do you stop... [chasing rates]
Replies: 32
Views: 3553

Re: At what point do you stop... [chasing rates]

I stopped chasing rates when I learned that most Vanguard munis are exempt from the 6-mo holding period requirement to protect TE dividends. Meaning: I can withdraw money at any time, only simple CG reporting is required. See: "Fine points about tax loss harvesting": https://www.bogleheads...
by dratkinson
Tue Jul 05, 2016 12:53 pm
Forum: Investing - Help with Personal Investments
Topic: A Newer Portfolio
Replies: 22
Views: 2056

Re: A Newer Portfolio

You don't say but we are assuming you are in your 20s-30s. Preferred investing order (generic). --Employers' 401k/403b/457... to get the full employer's match. It's free money. --Personal IRA. ($5.5K) Best options. Roth is preferred (tax-free growth/withdrawals), but traditional is tax deductible. -...
by dratkinson
Mon Jul 04, 2016 3:40 pm
Forum: Investing - Help with Personal Investments
Topic: Where To Park Your Emergency Fund?
Replies: 30
Views: 3562

Re: Where To Park Your Emergency Fund?

Option, depending upon your federal income tax bracket.... My EF criteria (as evolved): I will tolerate small price swings to get simplicity of management (fewer accounts/statements/tax documents, no rate chasing, easy to deposit/withdraw money) and comparable-or-better after-tax yield to TBM. After...
by dratkinson
Fri Jul 01, 2016 11:13 pm
Forum: Personal Finance (Not Investing)
Topic: Which online only banks provide this?
Replies: 23
Views: 1696

Re: Which online only banks provide this?

... The other option people mentioned are Credit Unions . Now their locations are limited (e.g. 2-3 branches) but many of them are in the Shared-Branch network and so you can walk into other Shared-Branch CU's and deposit cash via their ATMs or Tellers. The thing to note here is that access is norm...
by dratkinson
Thu Jun 30, 2016 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Which online only banks provide this?
Replies: 23
Views: 1696

Re: Which online only banks provide this?

BH Which online only bank provides this I believe an account with a local B&M CU will do everything you want, and more. You want an account at an "associated" CU, meaning it is part of the national CU COOP service. Not all are. Why? All associated CUs have nationwide access your accoun...
by dratkinson
Thu Jun 30, 2016 10:28 am
Forum: Investing - Help with Personal Investments
Topic: Adding Vanguard High Yield Tax Exempt Fund?
Replies: 13
Views: 1335

Re: Adding Vanguard High Yield Tax Exempt Fund?

... Detroit defaulted in 2013. Puerto Rico is in default right now. The Washington Public Power Supply System defaulted to great fanfare and still is invoked today: WHOOPS. ... Closer to home, Orange County defaulted in 1994. If you go the HY- or single-state-muni routes, would be wise to research ...
by dratkinson
Thu Jun 30, 2016 12:31 am
Forum: Investing - Help with Personal Investments
Topic: Please offer opinion on my portfolio...
Replies: 15
Views: 1120

Re: Please offer opinion on my portfolio...

BH Please offer opinion on my portfolio Please see sticky "Asking Portfolio Question". Please update your OP (original post, or original poster) to include all missing requested information: fed/state tax brackets, state,.... The better you describe your financial situation, the better an ...
by dratkinson
Wed Jun 29, 2016 12:13 am
Forum: Investing - Theory, News & General
Topic: What did you learn from the post-Brexit bloodbath?
Replies: 145
Views: 11493

Re: What did you learn from the post-Brexit bloodbath?

My portfolio spreadsheet now opens on the rebalance tab: it only tells me what to buy and how much. If you're using Google Sheets and are comfortable cobbling together some JavaScript you can take it a step further: my portfolio emails me at 4am if it needs to be rebalanced. If I don't get any emai...
by dratkinson
Tue Jun 28, 2016 10:22 am
Forum: Investing - Help with Personal Investments
Topic: Adding Vanguard High Yield Tax Exempt Fund?
Replies: 13
Views: 1335

Re: Adding Vanguard High Yield Tax Exempt Fund?

BH Adding Vanguard High Yield Tax Exempt Fund? From memory. If it makes a difference, Vanguard's HY muni has an exposure (~20%?) to AMT (alternative minimum tax) issues. So depending upon your tax situation, the right hand may giveth and the left hand taketh away. Check with Vanguard for current AMT...

Go to advanced search