Search found 389 matches

by jefmafnl
Sun Jun 11, 2017 5:35 am
Forum: Investing - Theory, News & General
Topic: HEHR-tolerance versus Loss Aversion--why setting and maintaining your own AA might be a mistake
Replies: 139
Views: 7117

Re: HEHR-tolerance versus Loss Aversion--why setting and maintaining your own AA might be a mistake

Regarding the study: Dutch investors might indeed have a different perspective than US investors. The Netherlands has one of the most well-funded pension systems in the world. Until recently, most residents who had worked steadily throughout their working age lifetimes could expect close to 70% of f...
by jefmafnl
Mon Jun 05, 2017 5:00 am
Forum: Personal Finance (Not Investing)
Topic: Mortgages for seniors
Replies: 8
Views: 849

Mortgages for seniors

Interesting article in the New York Times about the stricter requirements for mortgages for seniors: https://www.nytimes.com/2017/06/02/business/retirement/mortgages-for-older-people-retirement.html?smprod=nytcore-ipad&smid=nytcore-ipad-share&_r=0 Does anyone here have recent (2013 or later)...
by jefmafnl
Mon Apr 17, 2017 2:56 pm
Forum: Investing - Theory, News & General
Topic: Rebalancing into stocks in (pre-)retirement?
Replies: 6
Views: 816

Re: Rebalancing into stocks in (pre-)retirement?

Artsdoctor,
let us assume a 63-year-old investor planning to retire at 66, no legacy considerations.

J
by jefmafnl
Sun Apr 16, 2017 11:51 am
Forum: Investing - Theory, News & General
Topic: Rebalancing into stocks in (pre-)retirement?
Replies: 6
Views: 816

Rebalancing into stocks in (pre-)retirement?

For the sake of argument, let's assume that, during one's working (accumulating) years, one believes in and practices rebalancing using bands, for instance, the following version of Larry Swedroe's 5/25 system: Rebalance when allocation to an asset is 25% higher or lower (of the allocation) than tha...
by jefmafnl
Sat Apr 15, 2017 1:29 am
Forum: Investing - Theory, News & General
Topic: Cost basis info to paste to Excel
Replies: 9
Views: 632

Re: Cost basis info to paste to Excel

Thanks again to all who replied. I put all the transactions into a spreadsheet that I send to my accountant. I think the lesson I learned is: when selling from a taxable account, 1) print (and copy and paste if possible) the cost basis records of that fund BEFORE selling, and 2) print (and copy and ...
by jefmafnl
Fri Apr 14, 2017 9:29 am
Forum: Investing - Theory, News & General
Topic: Cost basis info to paste to Excel
Replies: 9
Views: 632

Re: Cost basis info to paste to Excel

Thanks for all the replies.

AFTER one sells, the cost basis information is no longer there for the shares that were sold.
My question is how to find a way to copy to Excel the cost basis information for shares that were sold,
to aid in tax preparation.

J
by jefmafnl
Fri Apr 14, 2017 8:49 am
Forum: Investing - Theory, News & General
Topic: Cost basis info to paste to Excel
Replies: 9
Views: 632

Re: Cost basis info to paste to Excel

And...the exact cost basis doesn't show up in the confirmation, only the date and number of shares in the original purchase.
Where can I find this info on the website?

Thanks.

J
by jefmafnl
Fri Apr 14, 2017 8:47 am
Forum: Investing - Theory, News & General
Topic: Cost basis info to paste to Excel
Replies: 9
Views: 632

Cost basis info to paste to Excel

Vanguard's confirmations are pdf files, not so handy for copying and pasting to an Excel spreadsheet to ease tax preparation. Any suggestions for how to copy the cost basis info (when placing the order? later?) from a different place on the Vanguard website so that it can easily be pasted to Excel? ...
by jefmafnl
Fri Apr 14, 2017 8:33 am
Forum: Investing - Theory, News & General
Topic: Cost basis when selling part of a tax lot
Replies: 1
Views: 284

Cost basis when selling part of a tax lot

If I sell some (but not all) shares of a particular tax lot (of an ETF, for instance), do I determine the cost basis by dividing the total cost (INCLUDING commission) of the original lot by the total number of shares in the original lot?

Thanks!

J
by jefmafnl
Wed Mar 29, 2017 3:19 am
Forum: Investing - Theory, News & General
Topic: ETF settlement
Replies: 6
Views: 777

ETF settlement

Just to double-check: using Vanguard Brokerage Services, can I sell ETF A and buy ETF B the same day, assuming that, since both clear 3 days later, the funds (minus commission) from the sale of ETF A can be used to purchase ETF B (including commission)?

Thanks.

J
by jefmafnl
Sat Mar 11, 2017 11:47 am
Forum: Investing - Theory, News & General
Topic: No rating for preferred stock
Replies: 4
Views: 420

No rating for preferred stock

My mother (91) has been managing her investments successfully since my father died in 2002. A large part of her portfolio is in individual preferred stocks, each of which is about 2% of her total portfolio. I'm aware of the disadvantages of this, but she is not open to persuasion. Her longtime broke...
by jefmafnl
Sat Mar 11, 2017 11:43 am
Forum: Investing - Theory, News & General
Topic: When is tax due on IRA distribution?
Replies: 14
Views: 935

Re: When is tax due on IRA distribution?

Thanks to all who responded!

J
by jefmafnl
Fri Mar 10, 2017 1:53 pm
Forum: Investing - Theory, News & General
Topic: When is tax due on IRA distribution?
Replies: 14
Views: 935

When is tax due on IRA distribution?

My mother's brokerage usually transfer cash from a money market fund in her IRA to a taxable account in December, withholding an agreed percentage for income taxes. This year her money market balance is down, and the brokerage suggests transferring a common stock to a taxable account. Is she expecte...
by jefmafnl
Mon Sep 26, 2016 12:14 am
Forum: Investing - Theory, News & General
Topic: Financial planner: % of AUM plus commissions?
Replies: 21
Views: 1770

Re: Financial planner: % of AUM plus commissions?

Thanks for all the replies. The brokerage is UBS.

J
by jefmafnl
Sun Sep 25, 2016 3:27 pm
Forum: Investing - Theory, News & General
Topic: Financial planner: % of AUM plus commissions?
Replies: 21
Views: 1770

Financial planner: % of AUM plus commissions?

My best friend, nearing retirement, is thinking of using a financial planner who charges 1% of assets. The financial planner is also a stockbroker (with a major full-service brokerage), and he would like my best friend to move his assets to that brokerage. What is the "standard arrangement"...
by jefmafnl
Tue Aug 23, 2016 10:50 am
Forum: Investing - Theory, News & General
Topic: Mechanics of RMD distribution from IRA
Replies: 4
Views: 490

Mechanics of RMD distribution from IRA

My Mom (91) has handled her finances successfully since my father died 14 years ago. She's quite savvy about many financial topics, and she has successfully preserved her assets. However, she said something recently that sounded strange. She said that, since she rarely keeps much cash (money market ...
by jefmafnl
Tue Apr 19, 2016 5:15 am
Forum: Investing - Help with Personal Investments
Topic: Pension choices
Replies: 3
Views: 913

Moderators

Moderators,
should I post this in a different forum?

J
by jefmafnl
Mon Apr 18, 2016 1:23 pm
Forum: Investing - Help with Personal Investments
Topic: Pension choices
Replies: 3
Views: 913

Pension choices

I have a small pension (defined benefit) from a state teachers' retirement system, from a job that I had for five years. Originally they promised a certain monthly payment at 60. A few years ago they changed it to 65, with the proviso that one could receive "actuarially reduced benefits" f...
by jefmafnl
Mon Dec 07, 2015 2:20 pm
Forum: Investing - Theory, News & General
Topic: How can my friend check out a financial advisor?
Replies: 10
Views: 1664

How can my friend check out a financial advisor?

My best friend, who knows little about investing but has substantial assets. Until now he has relied on advice from his full-service broker, with whom he has a portfolio of large (blue-chip?) stocks and some bonds. The broker does not seem to have churned the portfolio, nor recommended exotic or ina...
by jefmafnl
Mon Nov 16, 2015 1:29 am
Forum: Personal Consumer Issues
Topic: Medical alert system for Mom (90)
Replies: 5
Views: 835

Re: Medical alert system for Mom (90)

Thanks to all who replied.

Clamshell cell phone would not work, because the cell signal is unreliable in her house.

However, LogicMark seems to have several products, one of which might work. Thanks, littlebird!

J
by jefmafnl
Sun Nov 15, 2015 10:11 am
Forum: Personal Consumer Issues
Topic: Medical alert system for Mom (90)
Replies: 5
Views: 835

Medical alert system for Mom (90)

My Mom (90 years old!) just moved home after 2-1/2 months in hospital and rehab. due to a fall in the middle of the night. She previously had Lifeline, which we turned off during her absence. Now she will need a medical alert service again. Cell reception is poor in her house, so she needs a landlin...
by jefmafnl
Sun Oct 04, 2015 5:45 am
Forum: Personal Finance (Not Investing)
Topic: Is "binding arbitration" standard in brokerage terms and conditions?
Replies: 18
Views: 1521

Is "binding arbitration" standard in brokerage terms and conditions?

Mom (90, last two months in hospital and skilled nursing after a fall, may be going home soon) wants to transfer her brokerage accounts to Stifel, where her longtime, trusted broker is now working after leaving one of the major full-service brokerage firms. The terms and conditions run to some 160 p...
by jefmafnl
Mon Sep 21, 2015 6:31 am
Forum: Investing - Theory, News & General
Topic: Balanced Index Funds
Replies: 21
Views: 2961

"Asset location problem" in Balanced Index Fund?

Let's assume that an investor's taxable accounts are much larger than her or his tax-deferred or tax-sheltered accounts. Let's also assume that the investor (in retirement) is not in a high federal tax bracket and does not reside in a state with a high state income tax. In that case, how great is th...
by jefmafnl
Sun Sep 20, 2015 2:23 pm
Forum: Investing - Help with Personal Investments
Topic: Duration of Mom's bonds
Replies: 12
Views: 753

Re: Duration of Mom's bonds

Some are selling above and some below purchase price. I haven't done a total, but any net capital gain would be a few percent at most.

J
by jefmafnl
Sun Sep 20, 2015 1:50 pm
Forum: Investing - Help with Personal Investments
Topic: Duration of Mom's bonds
Replies: 12
Views: 753

Re: Duration of Mom's bonds

Thanks to all who responded. dbr: Your first post is correct...I'm concerned about her having to liquidate all of her assets in the coming years. I'm not worried about the bonds maturing in 2016, only about those with long maturities. The question is whether she should sell a few of the bonds with t...
by jefmafnl
Sun Sep 20, 2015 9:42 am
Forum: Investing - Help with Personal Investments
Topic: Mom's IRA rollover
Replies: 2
Views: 230

Mom's IRA rollover

My Mom (90, widowed since 2002) has used the same (major full-service) broker for almost 30 years. He has always given her good service and has never pushed her into unsuitable investments. Recently he moved to another (smaller) brokerage, and she would like to move her accounts: one taxable account...
by jefmafnl
Sun Sep 20, 2015 9:39 am
Forum: Investing - Help with Personal Investments
Topic: Duration of Mom's bonds
Replies: 12
Views: 753

Duration of Mom's bonds

My mother, 90, has handled her finances skillfully since my father died 13 years ago. Now, however, she's in a skilled nursing facility after a bad fall and many complications, and she may need more help with her finances. Also, her situation has changed. She had managed to essentially live off of p...
by jefmafnl
Wed Sep 02, 2015 6:43 am
Forum: Investing - Theory, News & General
Topic: bid and asked prices in panic times like this past week
Replies: 21
Views: 1744

Re: bid and asked prices in panic times like this past week

Dumb question for livesoft (or others) regarding

"I took video screen capture of my trading"

in livesoft's post:

How does on take video screen capture on a Mac? On a PC?

Thanks.

J
by jefmafnl
Mon Aug 24, 2015 6:25 am
Forum: Personal Finance (Not Investing)
Topic: Tax accountant for US expat in the Netherlands?
Replies: 0
Views: 348

Tax accountant for US expat in the Netherlands?

I'm an American citizen living and working in the Netherlands (and receiving a bit of income from the US and another foreign country), and I need to find a new accountant to do my Dutch taxes. Preferably NOT one of the big four accounting firms. If you have any experience with this, I would apprecia...
by jefmafnl
Sun Aug 16, 2015 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Durable POA (power of attorney)
Replies: 1
Views: 442

Durable POA (power of attorney)

My Mom (90, in a skilled nursing facility, and with severe physical limitations) wants to authorize someone else to sign her checks. I understand that the appropriate form is a durable power of attorney. I downloaded a form (for California, where she lives). My brother will probably go through the d...
by jefmafnl
Sat Aug 15, 2015 6:39 am
Forum: Personal Consumer Issues
Topic: Selecting a "skilled nursing facility" (SNF) for Mom (90)
Replies: 10
Views: 1118

Skilled nursing (rehab) in Palm Desert or Rancho Mirage

[Thread merged into here, see below. --admin LadyGeek] My brother and I are going through h*** trying, via long distance, to help my mother (90) deal with skilled nursing facility and hospital after she had a serious fall. There are no close relatives in her area. If you have ever been a resident i...
by jefmafnl
Thu Aug 06, 2015 12:16 am
Forum: Personal Consumer Issues
Topic: Selecting a "skilled nursing facility" (SNF) for Mom (90)
Replies: 10
Views: 1118

Selecting a "skilled nursing facility" (SNF) for Mom (90)

Anyone know of a specialized site with ratings or comments or reviews of skilled nursing facilities?

Mom fell a couple days ago, and my brother and I have to quickly choose (long distance, since we don't live in the area) between a couple of places.

Thanks.

J
by jefmafnl
Mon Aug 03, 2015 6:16 am
Forum: Personal Finance (Not Investing)
Topic: 529s and college scholarships
Replies: 12
Views: 1315

Re: 529s and college scholarships

Thanks to all who replied.

J
by jefmafnl
Sun Aug 02, 2015 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: 529s and college scholarships
Replies: 12
Views: 1315

529s and college scholarships

My brother, whose son is starting college in September, is facing decisions about exactly how to use the funds in his 529 accounts (room and board, or tuition), and about whether to declare some scholarship money as taxable income (which can work out better than treating all of it as tax-free income...
by jefmafnl
Fri Jun 19, 2015 6:18 am
Forum: Investing - Help with Personal Investments
Topic: Mom's broker moved to Stifel; preferreds
Replies: 5
Views: 1020

Re: Mom's broker moved to Stifel; preferreds

Thanks to all who replied. I will do some more checking of Stifel, but unless something really bad turns up, I will recommend that she move her accounts to her broker there.

J
by jefmafnl
Thu Jun 18, 2015 1:24 pm
Forum: Investing - Help with Personal Investments
Topic: Mom's broker moved to Stifel; preferreds
Replies: 5
Views: 1020

Mom's broker moved to Stifel; preferreds

My Mom (turning 90 years old this week!) has had the same broker for about 25 years. He was at one of the big-name, "full-service" retail brokerages. He never pushed inappropriate stuff on her, but did periodically keep her informed about new issues of preferred stocks, which were one of h...
by jefmafnl
Wed May 06, 2015 12:53 pm
Forum: Investing - Theory, News & General
Topic: madsinger monthly report (April 2015)
Replies: 6
Views: 1351

Re: madsinger monthly report (April 2015)

Many thanks for your hard work...this is a real service to Bogleheads.

For those of us who, for whatever reasons, prefer a one-fund solution without international stocks: any chance that at some point you could add Vanguard Balanced Index Fund?

Thanks again!

J
by jefmafnl
Sun Apr 26, 2015 9:20 pm
Forum: Investing - Theory, News & General
Topic: Quickie to clarify confusion re: 0% long-term capital gains
Replies: 29
Views: 3724

Re: Quickie to clarify confusion re: 0% long-term capital ga

The Kitces article is indeed great. However, in discussing the strategy of taking longterm cap gains up to the top of the 0% bracket, he raises an interesting question: can Vanguard accept buy and sell orders for the same mutual fund (not ETF) on the same day?

J
by jefmafnl
Sat Apr 11, 2015 7:28 am
Forum: Investing - Theory, News & General
Topic: Cost basis update
Replies: 3
Views: 790

Cost basis update

I recently had to do some selling in our taxable accounts in order to rebalance, something I hadn't done in a long time. A couple of questions, regarding ETF's (from non-Vanguard providers) and Vanguard mutual funds. 1) In the old days, if one used specific share ID, one placed the order and then se...
by jefmafnl
Tue Feb 24, 2015 1:15 pm
Forum: Investing - Help with Personal Investments
Topic: Morgan Stanley data breach
Replies: 1
Views: 348

Morgan Stanley data breach

My mother (almost 90) has accounts at Morgan Stanley. She received a letter dated January 12 regarding the data breach in December, and asked my advice as to whether she needs to do anything or worry about it. The letter says, "There is no evidence that this misappropriated data included social...
by jefmafnl
Wed Feb 04, 2015 1:23 pm
Forum: Investing - Theory, News & General
Topic: Vanguard survey: what should they do differently?
Replies: 72
Views: 6220

Re: Vanguard survey: what should they do differently?

Add an international small-cap value index fund
(previously mentioned by another poster).

J
by jefmafnl
Sat Jan 03, 2015 8:43 am
Forum: Investing - Theory, News & General
Topic: 2015 BOGLEHEAD CONTEST REGISTRATION
Replies: 557
Views: 35878

Re: 2015 BOGLEHEAD CONTEST REGISTRATION

Prediction: 1905
by jefmafnl
Sat Oct 04, 2014 10:18 am
Forum: Investing - Theory, News & General
Topic: Withdrawals in retirement from balanced fund
Replies: 10
Views: 1350

Withdrawals in retirement from balanced fund

One often hears advice on this board for retirees to have one year (or two years or ...) of withdrawal needs in cash or "cash equivalents", which, according to one's particular denomination within the Boglehead church, might include any of the following: short-term CD's, I bonds, short-ter...
by jefmafnl
Thu Aug 14, 2014 4:12 pm
Forum: Personal Consumer Issues
Topic: Home health aide an independent contractor?
Replies: 7
Views: 1287

Home health aide an independent contractor?

My Mom (89 and living alone in her own home) treats her home health aide (hired directly, not through an agency) as an independent contractor. No Social Security or income tax or other withholding. The aide comes several half days per week, as mutually agreed. Last time my Mom asked me (several year...
by jefmafnl
Sat Aug 02, 2014 5:43 am
Forum: Investing - Theory, News & General
Topic: Changing cost basis from Average Cost to Specific ID
Replies: 33
Views: 4493

What about Specific ID to Average Cost?

What about the opposite case: one has used Specific ID (for both covered and non-covered shares) but is now at an age (in my case about 20 years from now) where perhaps one doesn't want to bother with all these details. Can one revoke Specific ID for the shares that have not yet been sold, and use A...
by jefmafnl
Mon Jul 28, 2014 6:21 am
Forum: Investing - Theory, News & General
Topic: Cost basis and mutual fund exchanges
Replies: 4
Views: 737

Re: Cost basis and mutual fund exchanges

Alex Frakt had a very helpful suggestion in this post:

viewtopic.php?t=84958&mrr=1319895026

J
by jefmafnl
Wed Jul 23, 2014 4:20 am
Forum: Investing - Theory, News & General
Topic: Vanguard not vigilant about taxes?
Replies: 15
Views: 2189

Vanguard not vigilant about taxes?

According to the New York Times, the proposed Medtronic inversion could cause substantial tax consequences for mutual fund shareholders, but Vanguard (and BlackRock and others) are not taking any action: http://dealbook.nytimes.com/2014/07/08/in-deal-to-cut-corporate-taxes-shareholders-pay-the-price...

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