Search found 3608 matches

by dratkinson
Fri Dec 09, 2016 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Merrill Brokers get ultimatum to refer clients to other parts of BOA
Replies: 21
Views: 1486

Re: Merrill Brokers get ultimatum to refer clients to other parts of BOA

...Way back when under the golden arches they called it "suggestive selling" when we asked the customers if they wanted fries with that. And sometimes not so "suggestive". Probably about the same time as you, came across a Burger King that listed drink sizes as small/regular/lar...
by dratkinson
Fri Dec 09, 2016 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Merrill Brokers get ultimatum to refer clients to other parts of BOA
Replies: 21
Views: 1486

Re: Merrill Brokers get ultimatum to refer clients to other parts of BOA

Wonder if ML brokers, to keep their pay from being cut, would be willing to pay the forum a fee to refer our members? I listened to a Wells Fargo personal banker's sales pitch and said "No". I'm willing to do the same for BOA sales pitch if the forum could earn a "participation" ...
by dratkinson
Thu Dec 08, 2016 8:44 pm
Forum: Investing - Help with Personal Investments
Topic: Is a money market fund better than a tax-exempt bond fund?
Replies: 12
Views: 1394

Re: Is a money market fund better than a tax-exempt bond fund?

^^^MMkt funds pay very low interest for an EF. I believe it's much better to use a higher-yield bank CD and pay the interest penalty if needed to break it early. Another option. We are taught that a bond crash can cause bond funds to lose 5-15%, so over-fund your preferred bond fund by ~15% and call...
by dratkinson
Wed Dec 07, 2016 6:17 pm
Forum: Investing - Help with Personal Investments
Topic: Is a money market fund better than a tax-exempt bond fund?
Replies: 12
Views: 1394

Re: Is a money market fund better than a tax-exempt bond fund?

Thanks to everyone for your advice. I’ve decided to harvest a tax loss by selling half of my shares in Vanguard’s Limited-Term Tax-Exempt Bond Fund, with the proceeds going into Vanguard’s Short-Term Tax-Exempt Bond Fund. It has a slightly lower yield with slightly less volatility. The limited-term...
by dratkinson
Wed Dec 07, 2016 4:55 pm
Forum: Investing - Help with Personal Investments
Topic: Where to Invest after Retirement Accounts
Replies: 7
Views: 530

Re: Where to Invest after Retirement Accounts

If you want the forum to review your 401k options, then edit your original post to include them. The short answer: You want to begin taxable investing, next. Can also research HSA (health savings account), also known as a "stealth IRA", and after you have kids, 529 plans for their educatio...
by dratkinson
Tue Dec 06, 2016 3:53 am
Forum: Investing - Theory, News & General
Topic: VGHCX -> VGHAX
Replies: 2
Views: 412

Re: VGHCX -> VGHAX

The conversion is tax free.
by dratkinson
Tue Dec 06, 2016 3:51 am
Forum: Personal Consumer Issues
Topic: Any particular oven toaster you preffer????
Replies: 23
Views: 1580

Re: Any particular oven toaster you preffer????

I've been thinking about getting a toaster oven as making toast in a skillet is something of a pain. This topic just reminded me. Went looking and found an old (YouTube) review by America's Test Kitchen in which they ranked the Breville Smart Oven (~$250) as #1, and the Hamilton Beach Set and Forget...
by dratkinson
Thu Dec 01, 2016 4:17 pm
Forum: Investing - Help with Personal Investments
Topic: Vwitx TLH question
Replies: 4
Views: 512

Re: Vwitx TLH question

Limited term national muni (VMLTX) is an acceptable textbook choice. It's worth it to learn to TLH. But there are many gotchas (Vanguard and IRS) surrounding selling and TLHing. Ensure you've research all of them and know what to expect. I find it helps to keep a checklist (cheat sheet) to remind me...
by dratkinson
Thu Dec 01, 2016 5:50 am
Forum: Investing - Theory, News & General
Topic: Benefits of TLH Intermediate Muni Tax exempt
Replies: 26
Views: 2473

Re: Benefits of TLH Intermediate Muni Tax exempt

Idea. Could TLH to Vanguard's long-term national muni fund for 30+ days. Why? To avoid losing "(at least a portion of) the monthly tax exempt dividend". Why? Because what you lose with IT, you will gain+ with LT. Why "gain+"? Because the LT fund: (1) has a higher yield than the ...
by dratkinson
Wed Nov 30, 2016 6:09 pm
Forum: Investing - Theory, News & General
Topic: Benefits of TLH Intermediate Muni Tax exempt
Replies: 26
Views: 2473

Re: Benefits of TLH Intermediate Muni Tax exempt

Idea. Could TLH to Vanguard's long-term national muni fund for 30+ days. Why? To avoid losing "(at least a portion of) the monthly tax exempt dividend". Why? Because what you lose with IT, you will gain+ with LT. Why "gain+"? Because the LT fund: (1) has a higher yield than the I...
by dratkinson
Wed Nov 30, 2016 5:48 pm
Forum: Personal Consumer Issues
Topic: Reasonably cheap reading glasses with different strengths?
Replies: 20
Views: 1353

Re: Reasonably cheap reading glasses with different strengths?

I've recently seen TV ads for adjustable glasses. Don't know anything about them. Would be nice if they worked as advertised. Curious if they are worth the effort: next best thing since sliced bread, or too good to be true? If true, then could set each eye separately as you move between tasks, but h...
by dratkinson
Tue Nov 29, 2016 3:27 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation Help
Replies: 1
Views: 196

Re: Asset Allocation Help

Asset allocation (AA) for new retirement investor and unknown risk tolerance. Simple rules of thumb to determine an appropriate asset allocation (AA = stock% / bonds%). Rule 1. Based on age. --Conservative bond allocation = age in bonds%. --Aggressive bond allocation = age-10 in bonds%. Rule 2. Mul...
by dratkinson
Tue Nov 29, 2016 3:18 pm
Forum: Investing - Help with Personal Investments
Topic: New UK investor need help with passive investment plan
Replies: 7
Views: 539

Re: New UK investor need help with passive investment plan

Can start reading here: https://www.bogleheads.org/wiki/UK_investing Can search forum for advice given to other UK investors. Search forum: http://www.google.com/search?q=UK+invest*+site%3Adiehards.org%2Fforum Can search for posts by Valuethinker. Believe he is from UK and has advised others, so muc...
by dratkinson
Tue Nov 29, 2016 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: "behavioral" not financial approach to paying down/off credit cards?
Replies: 38
Views: 2672

Re: "behavioral" not financial approach to paying down/off credit cards?

Reducing interest paid. Recall some CCs offer 0% for one year if you roll over other CC debt to them. There may be a small fee (~3-5%) on balance transferred, but that's probably less then current CC monthly interest. This will smash all low-high interest debt into one rate (probably high) at the e...
by dratkinson
Mon Nov 28, 2016 5:36 pm
Forum: Investing - Help with Personal Investments
Topic: First investment advice for a European
Replies: 8
Views: 739

Re: First investment advice for a European

My only suggestion is to read Wiki topic on "EU Investing": https://www.bogleheads.org/wiki/EU_investing Recall it suggests ways to implement a 3-fund portfolio (local EU stocks, foreign not-EU stocks, local EU bonds) using EU ETFs. Recall you want to avoid US-domiciled ETFs to avoid US ta...
by dratkinson
Mon Nov 28, 2016 5:25 pm
Forum: Investing - Help with Personal Investments
Topic: Best tax inefficient total market stock fund
Replies: 8
Views: 980

Re: Best tax inefficient total market stock fund

A few advocate using high-yield bonds. Why? They are said to have an "equity like" component (can drop in value with the stock market), have higher yield and are tax inefficient, so not pure (safe) bonds and not stocks. Recall their recommended allocation was ~10% (?) of total bond allocat...
by dratkinson
Mon Nov 28, 2016 5:14 pm
Forum: Investing - Theory, News & General
Topic: When to exchange munis for treasuries in retirement?
Replies: 13
Views: 1350

Re: When to exchange munis for treasuries in retirement?

With the forum's help, I thought about this in 2008 when I needed to correct my decision on bonds-in-taxable. My conclusion became: --Muni fed tax benefit trumps treasury state tax benefit. --Muni dividends do not add to AGI so can not increase my tax bracket, treasury dividends do so can. --Muni yi...
by dratkinson
Sun Nov 27, 2016 7:43 pm
Forum: Investing - Help with Personal Investments
Topic: Nearing Roth Contribution Limit - Check My Math?
Replies: 6
Views: 631

Re: Nearing Roth Contribution Limit - Check My Math?

Could preemptively contribute to backdoor Roth IRAs. See Wiki topic: https://www.bogleheads.org/wiki/Back_door_Roth_IRA Potential problem. Existence of any (family?) traditional IRAs causes a problem. Typical solution is to roll all existing tIRAs into 401k. No tIRA = no problem. Potential problem. ...
by dratkinson
Sun Nov 27, 2016 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: TaxAct $0 (all forms, fed, state, efile) during Cyber Monday (only) sale. Maybe.
Replies: 0
Views: 529

TaxAct $0 (all forms, fed, state, efile) during Cyber Monday (only) sale. Maybe.

One person has checked email link and believes it may have worked. So posting link to same information as new topic to give prominence.
See reply to topic "TaxAct pre-purchase discount": viewtopic.php?p=3128747#p3128747
by dratkinson
Sun Nov 27, 2016 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: TaxAct pre-purchase discount
Replies: 117
Views: 9153

Cyber Monday sale

http://cdn.taxact-online.com/images/email/responsive/11-21-16-ol-landing-page-tape-j.jpg Received an email invite to come back to TaxAct (last used 2013TY), so this may be the reason for the $0 email price. But in case others can use it, the email link resolved to: https://www.taxact.com/applicatio...
by dratkinson
Sat Nov 26, 2016 7:26 pm
Forum: Investing - Help with Personal Investments
Topic: more funds to increase yield or less to keep it simple
Replies: 6
Views: 810

Re: more funds to increase yield or less to keep it simple

I started that way---breaking out international into its components. Good plan. If your intention is to be able to tax-loss harvest more often and micromanage your asset allocation based on daily changes in market value. If not. Then not. Today (disregarding my play money), the only exception I make...
by dratkinson
Sat Nov 26, 2016 6:05 pm
Forum: Investing - Help with Personal Investments
Topic: More terror for newbies planning to TLH muni funds
Replies: 11
Views: 1953

Re: More terror for newbies planning to TLH muni funds

... Note that you may have an accounting issue. If you have held a share for six months or less and it distributes a long-term gain, you must reclassify an amount equal to the distribution from a short-term loss to a long-term loss. (This is to prevent you from buying a share before it distributes ...
by dratkinson
Fri Nov 25, 2016 4:40 pm
Forum: Investing - Help with Personal Investments
Topic: More terror for newbies planning to TLH muni funds
Replies: 11
Views: 1953

Re: More terror for newbies planning to TLH muni funds

... The tax cost of the distribution is .58 cents, but the NAV of the fund should drop by 4 cents a share (rounded) at the time of distribution. The additional loss of 4 cents per share will increase the size of the tax loss by 4 cents a share. In the 25% bracket the additional loss may result in a...
by dratkinson
Thu Nov 24, 2016 12:15 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with these EE Bonds?
Replies: 4
Views: 1013

Re: What to do with these EE Bonds?

Believe most would recommend, "Wait to get the ~3.5% when they double, then look for a better use for your money." I went through this drill last year. My decision was to redeem all my savings bonds (all <5 years old*) and put the proceeds in (longer term) municipal bond funds. Why? The mu...
by dratkinson
Wed Nov 23, 2016 2:44 pm
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting muni bond: fund choice
Replies: 4
Views: 739

Re: Tax loss harvesting muni bond: fund choice

One of the senior investors recommends VWLTX/50%, VMLTX (limited term, ~2-yr duration)/50%, for an overall IT duration. But I much prefer VWLTX/100% for all of the lovely TE dividends, and am not too worried about selling soon so total return (dividends + capital gains) is less of a concern. Recall ...
by dratkinson
Wed Nov 23, 2016 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Checking IRS refund applied to next year's return
Replies: 11
Views: 857

Re: Checking IRS refund applied to next year's return

A "refund" is then the IRS sends us money or savings bonds. An overpayment of taxes carried forward to the next tax year is not refunded, so does not show up as a refund. I've generally applied a small refund to the next tax year. I've never seen anything from the IRS that said the refund ...
by dratkinson
Tue Nov 22, 2016 6:31 pm
Forum: Investing - Help with Personal Investments
Topic: Where to park stacks of $$$
Replies: 11
Views: 1241

Re: Where to park stacks of $$$

Any insured savings should be fine. Recall reading some are paying 1%, which would help to offset inflation.



Welcome.
by dratkinson
Tue Nov 22, 2016 5:57 pm
Forum: Investing - Help with Personal Investments
Topic: Why would anyone do tax loss harvesting??
Replies: 25
Views: 1526

Re: Why would anyone do tax loss harvesting??

I guess this brings up another question. How do you determine what funds or stocks are different enough to qualify for tax loss harvesting? From my offline notes. Substantially identical security. For the purpose of avoiding a wash sale, what is a substantially identical security? From: http://www....
by dratkinson
Tue Nov 22, 2016 5:08 pm
Forum: Investing - Help with Personal Investments
Topic: Why would anyone do tax loss harvesting??
Replies: 25
Views: 1526

Re: Why would anyone do tax loss harvesting??

I understand exactly what tax loss harvesting is. ... But for the life of me I cannot wrap my head around why anyone would want to do this ... In order to tax loss harvest, you essentially would have had to buy a stock high or any fund, then sell that stock or fund at a low or lower point. Which go...
by dratkinson
Sun Nov 20, 2016 5:26 pm
Forum: Personal Consumer Issues
Topic: Help me figure out the running cost of having winter tires
Replies: 42
Views: 2455

Re: Help me figure out the running cost of having winter tires

... If you use the winter tires in the summer, you get less traction (because there's no snow to help with traction). All the gaps and sipes in the tire don't really help you in the summer at all, because there's less rubber in contact with the road. Thanks. Following your information I also search...
by dratkinson
Sat Nov 19, 2016 5:14 pm
Forum: Personal Consumer Issues
Topic: Help me figure out the running cost of having winter tires
Replies: 42
Views: 2455

Re: Help me figure out the running cost of having winter tires

Idea: permanent winter tires I've done this before for cost saving, but it's not really the best idea. The rubber in tires are meant to be used in certain temperature ranges. Summer tires (and "all season") work best in warm weather, winter tires in cold weather. When you flip that the ti...
by dratkinson
Sat Nov 19, 2016 3:57 pm
Forum: Investing - Help with Personal Investments
Topic: Strategy for TLH Munis in Taxable?
Replies: 37
Views: 3179

Re: Strategy for TLH Munis in Taxable?

I hold muni-funds in two separate taxable-accounts, dividends are not reinvested, setup to go to money market. Both accounts are with VG but ownership is different - one is my Trust Account with only-me as sole trustee and other one is joint-account with Wife. But both are on the same tax-return. N...
by dratkinson
Fri Nov 18, 2016 6:14 pm
Forum: Investing - Help with Personal Investments
Topic: Bond Fund vs cash for taxable account
Replies: 6
Views: 685

Re: Bond Fund vs cash for taxable account

When I was in the 15% fed tax bracket, and knew I would not touch the money for 10+ years, after a few false starts, I put it into VWLTX (Vanguard long-term national municipal bond fund). Why? --It had a better after-tax return than VBMFX (Vanguard total bond market index fund). Otherwise, why bothe...
by dratkinson
Fri Nov 18, 2016 3:14 pm
Forum: Investing - Theory, News & General
Topic: Alert system for rebalancing?
Replies: 3
Views: 467

Re: Alert system for rebalancing?

I track my investments in Excel, so flagging when an asset needs to be rebalanced is a natural extension of needed capabilities. How? I use Excel's conditional formatting feature to flag when an asset is too high/low. How? I change the font color of an asset's current value: red = too low, green = t...
by dratkinson
Thu Nov 17, 2016 7:33 pm
Forum: Personal Consumer Issues
Topic: Help me figure out the running cost of having winter tires
Replies: 42
Views: 2455

Re: Help me figure out the running cost of having winter tires

Idea: permanent winter tires I'm toying with this idea. The next time I buy a set of tires, it might be Nokian WR3 winter tires. Why? Reportedly made with harder rubber so longer life (~50K miles). So no need to swap tires as the seasons change. Was recently quoted a price of ~$500 for set of 4. Don...
by dratkinson
Wed Nov 16, 2016 1:17 pm
Forum: Investing - Help with Personal Investments
Topic: Strategy for TLH Munis in Taxable?
Replies: 37
Views: 3179

Redirect all muni distributions.

Redirect all muni distributions. For new investors, TLHing for the first time. You ARE redirecting all your muni distributions---not allowing them to reinvest in "replacement shares"---to prevent triggering a wash sale? But if you do trigger a wash sale, recall livesoft has a forum topic ...
by dratkinson
Tue Nov 15, 2016 3:55 pm
Forum: Investing - Theory, News & General
Topic: Muni bonds are getting killed. Are you bailing out?
Replies: 75
Views: 9865

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

I can't believe I'm writing this, but I will be tax loss harvesting my bonds. If you held corporates during the 2009 debacle, was this something that you did? I'm young enough that it still feels weird. I was about to pose a similar question to this - I bought about 100k of Fidelity Mass Muni bond ...
by dratkinson
Tue Nov 15, 2016 5:17 am
Forum: Investing - Help with Personal Investments
Topic: New investor advise
Replies: 5
Views: 636

Re: New investor advise

In addition to the funds offered, we need to know more about your 401k plan options. Why? If your plan allows annual in-service rollovers and after-tax contributions, then you definitely want to use it to get your income into the 401k tax-shelter... and then roll it out to a personal IRA. Meaning yo...
by dratkinson
Tue Nov 15, 2016 4:34 am
Forum: Investing - Theory, News & General
Topic: Muni bonds are getting killed. Are you bailing out?
Replies: 75
Views: 9865

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

Just today: Vanguard Intermediate-Term Tax Exempt was down 1.13% (16 cents) and Vanguard High-Yield Tax Exempt was down 1.5% (17 cents) . I hadn't noticed "killed". I could use more munis. Would be nice if prices continue to drop until first of month when I have new money to buy more. Hmm...
by dratkinson
Mon Nov 14, 2016 1:48 pm
Forum: Investing - Theory, News & General
Topic: Cap Weighted vs Equally Weighted Index
Replies: 27
Views: 2076

Re: Cap Weighted vs Equally Weighted Index

Try this. Largest Companies by Market Cap Today: http://dogsofthedow.com/largest-companies-by-market-cap.htm Notice each company (above) has a different market capitalization. This means the market is cap weighted . 1. Imagine that you are an equal-weight index fund manager. Imagine buying an equal ...
by dratkinson
Sun Nov 13, 2016 6:32 pm
Forum: Investing - Theory, News & General
Topic: Cap Weighted vs Equally Weighted Index
Replies: 27
Views: 2076

Re: Cap Weighted vs Equally Weighted Index

... I'm just trying to figure out why the whole market is represented by Cap Weighted vs Equal Weighted. The short answer. As the whole market is cap weighted. So a cap weighted index accurately represents the market. The long answer. A cap weighted index, as it accurately represents market capital...
by dratkinson
Sun Nov 13, 2016 9:19 am
Forum: Investing - Theory, News & General
Topic: Cap Weighted vs Equally Weighted Index
Replies: 27
Views: 2076

Re: Cap Weighted vs Equally Weighted Index

So what you are saying is that if everyone held stocks in equal weight and it wasn't allowed in any other way, then the prices and market caps of stock would all be the same? No. Prices and market cap are not determined by equal holding, by individuals nor by an index. Why? --Because companies issu...
by dratkinson
Thu Nov 10, 2016 4:53 pm
Forum: Investing - Help with Personal Investments
Topic: 25yr old, would appreciate some advice/wisdom.
Replies: 28
Views: 3144

Re: 25yr old, would appreciate some advice/wisdom.

Do not pull your Roth money out, leave it in. Why? It's too much work for too little gain. Market growth depend upon (1) population growth (increasing demand for goods and services) and (2) business stability (economic, political). Any uncertainty causes businesses to retrench, which results in a ma...
by dratkinson
Wed Nov 09, 2016 6:19 pm
Forum: Investing - Help with Personal Investments
Topic: Tax free and AMT free investments
Replies: 11
Views: 1082

Re: Tax free and AMT free investments

BH Tax free and AMT free investments Dear experts, I am really poor at finance planning and would greatly appreciate your advice. I would like to invest some of my recent savings for long term. I am a medium risk taker, not too aggressive, but I do worry a bit on how the market would do after the el...
by dratkinson
Mon Nov 07, 2016 7:41 pm
Forum: Investing - Help with Personal Investments
Topic: Anybody have an "In case of emergency read this!" excerpt or statement?
Replies: 14
Views: 2470

Re: Anybody have an "In case of emergency read this!" excerpt or statement?

See Wiki for IPS: https://www.bogleheads.org/wiki/Investment_policy_statement Search forum for IPS examples: http://www.google.com/search?q=IPS+site%3Adiehards.org%2Fforum After a forum review in late 2007, I was advised to move to a 50/50 AA, and did. In 2008-2009, when the market lost ~40%, my inv...
by dratkinson
Mon Nov 07, 2016 6:20 pm
Forum: Investing - Help with Personal Investments
Topic: Now Married - Help Resetting Allocation and No Retirement Savings
Replies: 21
Views: 1768

Re: Now Married - Help Resetting Allocation and No Retirement Savings

Tax bracket. You didn't say but assume your are 25%+ federal and 9% CA. This means you can consider using municipal bonds as you extend your investing into taxable. Taxable investing has no annual contribution limit, so your only requirement is to do so tax efficiently. If your wife's employer star...
by dratkinson
Sun Nov 06, 2016 4:54 pm
Forum: Investing - Help with Personal Investments
Topic: Is it possible to have more than one taxable account at Vanguard?
Replies: 5
Views: 668

Re: Is it possible to have more than one taxable account at Vanguard?

Separate accounts. Sounds like you want different accounts so Vanguard's summary AA will be correct for each short-term goal you are saving/investing for... to avoid having to keep your own analysis on a spreadsheet, or on the back of an envelope. For what you propose, you would have a different ac...
by dratkinson
Fri Nov 04, 2016 6:59 pm
Forum: Investing - Help with Personal Investments
Topic: I suffer from analysis paralysis
Replies: 9
Views: 2092

Re: I suffer from analysis paralysis

BH I suffer from analysis paralysis. I recognize your desire to simplify investments. Been there, done that. Option. Could tweak your bond allocation to be 60% of total investments. Why? The 40/60 AA is reported to last longest under retirement withdrawals. Your choice. I concur with your plan for y...
by dratkinson
Fri Nov 04, 2016 1:54 pm
Forum: Investing - Help with Personal Investments
Topic: Should I roll over my old 401k to IRA? Please help.
Replies: 14
Views: 1132

Re: Should I roll over my old 401k to IRA? Please help.

You have until April 2017 to make a 2016 IRA contribution, so this is a decision that can be postponed for a while longer.
See: https://www.irs.gov/retirement-plans/tr ... -roth-iras

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