Search found 9684 matches

by letsgobobby
Mon Jan 23, 2017 1:35 am
Forum: Investing - Theory, News & General
Topic: Hypo: What would you do if you were SURE of impending deline in markets
Replies: 59
Views: 3299

Re: Hypo: What would you do if you were SURE of impending deline in markets

I have more of an academic/theoretical question than an actual investing question I'd like to implement -- assume you generally had confidence in long-term markets but somehow knew that there would be a short-term correction or downward movement in the broad market, how would you invest and/or what...
by letsgobobby
Sat Jan 21, 2017 1:07 pm
Forum: Investing - Help with Personal Investments
Topic: evacuate HSA?
Replies: 10
Views: 1137

Re: evacuate HSA?

joppy wrote:The problem with pulling out "small" receipts is that you still have to maintain the small receipts paperwork for those early years, to prove that you didn't pull out "large" receipts in those early years.

- Joppy

why do you think that?
by letsgobobby
Sat Jan 21, 2017 2:33 am
Forum: Personal Consumer Issues
Topic: Toaster Oven Recommendations
Replies: 34
Views: 1735

Re: Toaster Oven Recommendations

I have a regular toaster that I use to toast bagels, but am thinking of getting a toaster oven to re-heat pizza. If I do this, do I put the slices of pizza in the toaster oven in aluminum foil, or just place the slices on the toaster oven's rack? I know it's a silly question, but this group could a...
by letsgobobby
Fri Jan 20, 2017 11:47 pm
Forum: Investing - Help with Personal Investments
Topic: evacuate HSA?
Replies: 10
Views: 1137

Re: evacuate HSA?

If you use the money for health related expenses, there will never be any taxes on it. Whether to pay expenses from the hsa as you go or use it as a stealth ira is a personal decision. Keeping receipts for many years is definitely cumborsome, but well worth the tax free growth. I decided to let min...
by letsgobobby
Fri Jan 20, 2017 4:14 pm
Forum: Investing - Help with Personal Investments
Topic: evacuate HSA?
Replies: 10
Views: 1137

evacuate HSA?

our HSA is 100% in Vanguard total international stocks. We have enough medical expenses accrued to empty it. I am thinking of doing that to reduce long-term paperwork. Is the calculation increased tax drag vs increased recovery of foreign tax credit? And eventually, there will be capital gains taxes...
by letsgobobby
Fri Jan 20, 2017 2:56 pm
Forum: Personal Consumer Issues
Topic: How much is your cell phone bill?
Replies: 256
Views: 21431

Re: How much is your cell phone bill?

Verizon doesn't own TotalWireless. They are an MVNO (mobile virtual network operator) that uses the Verizon network. They sell their capacity to many other MVNOs (Envie mobile, Page Plus, etc etc). All the big carriers do this. AT&T owns Cricket which is a bit unusual. Their family plan has 4 l...
by letsgobobby
Fri Jan 20, 2017 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: Fund set up after lowering 529 contributions
Replies: 6
Views: 587

Re: Fund set up after lowering 529 contributions

This is my first post here, I have been learning so much from everyone here of the last few months. I have two kids 11 & 14, and a little over $200k ($100k each) in a Bright Start Savings 529 plans. I have just cut back contributions to $167 per month per child since max write off is $4k per ye...
by letsgobobby
Fri Jan 20, 2017 1:23 pm
Forum: Personal Consumer Issues
Topic: How much is your cell phone bill?
Replies: 256
Views: 21431

Re: How much is your cell phone bill?

We are now down to about $200 for a family plan for 5. We've all paid off our phones so this is the rate for data, text, minutes, and taxes/fees. We get about 18 gb per month, shared, plus carryover. We never even come close to going over. Unlimited minutes and text. I'm happy with the overall valu...
by letsgobobby
Thu Jan 19, 2017 1:52 pm
Forum: Personal Consumer Issues
Topic: How much is your cell phone bill?
Replies: 256
Views: 21431

Re: How much is your cell phone bill?

We are now down to about $200 for a family plan for 5. We've all paid off our phones so this is the rate for data, text, minutes, and taxes/fees. We get about 18 gb per month, shared, plus carryover. We never even come close to going over. Unlimited minutes and text. I'm happy with the overall value...
by letsgobobby
Thu Jan 19, 2017 1:50 pm
Forum: Investing - Help with Personal Investments
Topic: VG Rep [doesn't know why commodity ETFs are shown under bonds in online AA]
Replies: 16
Views: 746

Re: VG Rep [doesn't know why commodity ETFs are shown under bonds in online AA]

livesoft, Yes I placed them in the "other" class. Others, I am not a trader and have just a small amount in DBA/DBC. What really made me angry was that all these front line people should simply say is "I do not know" Would you rather them lie and claim they knew when they didn't...
by letsgobobby
Thu Jan 19, 2017 1:36 pm
Forum: Investing - Theory, News & General
Topic: Fed Rate [may go] to 3% - [investing consequences?]
Replies: 85
Views: 8289

Re: Fed Rate to 3%

The bottom line continues to be that it's very difficult to predict rates accurately. Investing based on the belief that one can do so is almost always a mistake. I agree with you, which is why I ignore JY for investing purposes. re: rates, the housing market with mortgage rates at 6% or 7% would f...
by letsgobobby
Thu Jan 19, 2017 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Let's say you are dying this year
Replies: 46
Views: 6584

Re: Let's say you are dying this year

Washington is an easy one -- it doesn't have a state income tax (though it has a high sales tax and a high state estate tax). While it may be worth having someone in Michigan confirm it, Michigan Revenue Administrative Bulletin 2016-15 appears helpful with regard to Michigan: http://www.michigan.go...
by letsgobobby
Thu Jan 19, 2017 12:27 pm
Forum: Investing - Help with Personal Investments
Topic: VG Rep [doesn't know why commodity ETFs are shown under bonds in online AA]
Replies: 16
Views: 746

Re: OMG! VG REPS KNOW NOTHING AT ALL! and NO UPPER LEVEL HELP

now - wow - but a manager will call me back in 24 to 48 hours !! How would I feel if actual dollars were wrong? If actual dollars were involved I expect they'd be more responsive. Yours is a completely non-urgent issue, an issue of theory over practice, so having the appropriate person call you bac...
by letsgobobby
Thu Jan 19, 2017 11:37 am
Forum: Investing - Theory, News & General
Topic: Fed Rate [may go] to 3% - [investing consequences?]
Replies: 85
Views: 8289

Re: Fed Rate to 3%

I just finished reading the speech by Janet Yellen of the Federal Reserve. She said "it makes sense" to gradually raise interest rates now that we are at full employment. She said they plan to raise rates "a few times a year" through 2019 to get near 3% long term. Previous multi...
by letsgobobby
Thu Jan 19, 2017 11:35 am
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation at age 33
Replies: 26
Views: 2222

Re: Asset Allocation at age 33

stemikger wrote:
I wish I did this when I started out at your age.

That's easy to say when you can look back 20 or 30 years and see that stocks ended higher.

You might feel differently if you were a 60 year old Japanese man.
by letsgobobby
Thu Jan 19, 2017 11:34 am
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation at age 33
Replies: 26
Views: 2222

Re: Asset Allocation at age 33

Is there any good reason not to have 100% equities in my 401k at age 33? I dont mind the ups/downs...been through 08/09 crash and couldnt have cared less. Just more buying opportunity at a lower price. Id like to retire around 50-53...so I would start to add bonds when I turn 40 and increase until ...
by letsgobobby
Wed Jan 18, 2017 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Let's say you are dying this year
Replies: 46
Views: 6584

Re: Let's say you are dying this year

Whether the trustees may, must or can't distribute depends on the terms of the Will or trust agreement. In general, it's best to give the trustees discretion as to distributions, since you don't know what the future will bring. State income taxation of trusts varies from state to state. Some states...
by letsgobobby
Wed Jan 18, 2017 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Let's say you are dying this year
Replies: 46
Views: 6584

Re: Let's say you are dying this year

What is the tax rate for a trust like this? If it is the very highest rate does it make sense to convert IRA to Roth IRA even at a comparable rate, even if at a higher rate than my (and my sister's) marginal rates, since otherwise TIRA withdrawals (RMDs) would be taxed at a maximal rate? Trusts rea...
by letsgobobby
Wed Jan 18, 2017 11:06 am
Forum: Investing - Theory, News & General
Topic: Brokers hit $1M revenue milestone
Replies: 6
Views: 2128

Re: Brokers hit $1M revenue milestone

We've been on a long bull market run and it looks like the brokers pockets have benefited as well. News is for Morgan Stanley but it also mentioned Meryll Lynch is close, 964M in revenue. http://www.marketwatch.com/story/morgan-stanleys-brokers-hit-1m-revenue-milestone-2017-01-17 glad I found the d...
by letsgobobby
Wed Jan 18, 2017 11:01 am
Forum: Investing - Help with Personal Investments
Topic: Why Vanguard why? (Donating to Donor advised Fund)
Replies: 19
Views: 1443

Re: Why Vanguard why? (Donating to Donor advised Fund)

This is one reason I have a Fido DAF and donate to it using my Fido taxable account. It is literally as easy as electronically transferring money from one account to another, it takes just a few clicks. It would also probably work to have a Vanguard DAF and a Vanguard taxable account.
by letsgobobby
Wed Jan 18, 2017 10:40 am
Forum: Investing - Theory, News & General
Topic: Brokers hit $1M revenue milestone
Replies: 6
Views: 2128

Re: Brokers hit $1M revenue milestone

We've been on a long bull market run and it looks like the brokers pockets have benefited as well. News is for Morgan Stanley but it also mentioned Meryll Lynch is close, 964M in revenue. http://www.marketwatch.com/story/morgan-stanleys-brokers-hit-1m-revenue-milestone-2017-01-17 glad I found the d...
by letsgobobby
Wed Jan 18, 2017 12:10 am
Forum: Personal Finance (Not Investing)
Topic: IRA in Trust?
Replies: 23
Views: 1482

Re: IRA in Trust?

You can't transfer your IRA while you're alive. After your death, you may leave your IRA however you want. You may leave it to your children either outright or in trust for their benefit. Our clients almost always provide for their children in separate trusts for their benefit. In this way, the chi...
by letsgobobby
Tue Jan 17, 2017 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: Let's say you are dying this year
Replies: 46
Views: 6584

Re: Let's say you are dying this year

How would we decide if IRA conversions are wise? We are all roughly in the same tax brackets (mid-high 30s including various state taxes), but their assets will be left in trust. ... If you and your sister and the trusts for her and your benefit will be in relatively high tax brackets, then the con...
by letsgobobby
Tue Jan 17, 2017 4:38 pm
Forum: Personal Consumer Issues
Topic: How much do you typically spend in a restaurant?
Replies: 171
Views: 9187

Re: How much do you typically spend in a restaurant?

After 3 hours my stomach can't tell the difference anyways. And that may be the difference between those who choose to spend $250 per person on a meal, and those who spend $2.50. I remember, more or less, every good meal I've ever had. I love eating, I love cooking, I love to try new foods. I love ...
by letsgobobby
Mon Jan 16, 2017 8:59 pm
Forum: Personal Consumer Issues
Topic: How much do you typically spend in a restaurant?
Replies: 171
Views: 9187

Re: How much do you typically spend in a restaurant?

Does anybody else look down at a $30 entree in a restaurant and think, "this would've cost $1 at home"? :shock: No. And sometimes it is the reverse. I've paid $5.95 for a salami sub, and when it came--I'm talking about a local sub shop, not Subway--I've started at it and said, "That ...
by letsgobobby
Sun Jan 15, 2017 2:17 am
Forum: Investing - Theory, News & General
Topic: Flagship Reps
Replies: 62
Views: 5031

Re: Flafship Reps

i guess it's true. a million bucks ain't what it used to be.
by letsgobobby
Sat Jan 14, 2017 10:51 pm
Forum: Investing - Help with Personal Investments
Topic: Spare change cash drag in Roth after ETF purchase
Replies: 5
Views: 328

Re: Spare change cash drag in Roth after ETF purchase

This is why on January 3 I buy the mutual fund in my Roth IRA (using the cash from my IRA, ie, a Backdoor Roth conversion), then have Vanguard convert the mutual fund to the ETF. I have no cash drag in my Roth, or IRA.
by letsgobobby
Sat Jan 14, 2017 9:12 am
Forum: Personal Consumer Issues
Topic: How much do you typically spend in a restaurant?
Replies: 171
Views: 9187

Re: How much do you typically spend in a restaurant?

$10 to $12 per person for my wife and I. LCOL area, small town (moved from EHCOL and retired last year. . . finally). AARP discount helps a lot. We don't drink, no extras, frugal. Maybe eat out every 2 to 3 weeks. Enjoying the simple life. Quiet meals at home. Like other posts here, we only go out ...
by letsgobobby
Fri Jan 13, 2017 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: Let's say you are dying this year
Replies: 46
Views: 6584

Re: Let's say you are dying this year

How would we decide if IRA conversions are wise? We are all roughly in the same tax brackets (mid-high 30s including various state taxes), but their assets will be left in trust. ... If you and your sister and the trusts for her and your benefit will be in relatively high tax brackets, then the con...
by letsgobobby
Fri Jan 13, 2017 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Stay in paid-off starter house vs. dream house+work a few more years
Replies: 51
Views: 3097

Re: Stay in paid-off starter house vs. dream house+work a few more years

We upgraded our house recently and every day I come home I smile. I feel like I won the lottery. Working a few extra years for this is worth it.
by letsgobobby
Fri Jan 13, 2017 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Let's say you are dying this year
Replies: 46
Views: 6584

Re: Let's say you are dying this year

How would we decide if IRA conversions are wise? We are all roughly in the same tax brackets (mid-high 30s including various state taxes), but their assets will be left in trust.

Do inherited TIRAs make backdoor Roth IRAs impossible?
by letsgobobby
Fri Jan 13, 2017 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: 225th anniversary lady liberty coin
Replies: 14
Views: 1393

225th anniversary lady liberty coin

US Mint announced the design for the 225th anniversary Lady Liberty $100 1 oz gold coin: http://www.coinnews.net/2017/01/12/american-liberty-225th-anniversary-gold-coin-unveiled/ It will go on sale in April 2017. In my opinion it is stunning and beautiful, and I want to buy one. How does US Mint set...
by letsgobobby
Fri Jan 13, 2017 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Let's say you are dying this year
Replies: 46
Views: 6584

Re: Let's say you are dying this year

They aren't prepared to get rid of any more 'stuff', in fact they just bought a new house as big as the old, and have been trying to pack things up. They got rid of some 60 year old magazines and papers and books but kept a lot. The savings bonds - we do purchase our own annual limit. If they purcha...
by letsgobobby
Fri Jan 13, 2017 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Let's say you are dying this year
Replies: 46
Views: 6584

Let's say you are dying this year

My parents are both terminally ill. I certainly hope they make it through 2017 but it may not be likely. What steps should they take this year, before passing away, to optimize their finances? Simplification is not the goal but rather optimization. For example, my parents recently did a 1031 exchang...
by letsgobobby
Fri Jan 13, 2017 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: FAFSA for High Net Worth Parents?
Replies: 70
Views: 5805

Re: FAFSA for High Net Worth Parents?

DD is a high school senior, and is busy attending scholarship interviews and admission presentations. She is a fairly good student and is getting good merit offers, but is not going to be offered free rides anywhere. She is applying at small, private liberal arts colleges, full retail price $45,000...
by letsgobobby
Fri Jan 13, 2017 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Car accident . Fix car or not ?
Replies: 26
Views: 1612

Re: Car accident . Fix car or not ?

I'd presume it will be declared totaled. Buy a 3 year old used Prius off lease, rumor is their prices have dropped significantly recently because of the new model Prius as well as low gas prices. Then when the bolt or tesla 3 are ready for you, go for it.
by letsgobobby
Thu Jan 12, 2017 4:31 pm
Forum: Personal Consumer Issues
Topic: How much do you typically spend in a restaurant?
Replies: 171
Views: 9187

Re: How much do you typically spend in a restaurant?

2 adults, 2 kids, we rarely spend less than $150 and lately it has been $200 or even $225 for dinner. This would be a nice meal, but not incredibly fancy. We get at most 1 drink each and often don't drink any alcohol at all. $35 prix fixe x 4 = $140. Add 1 drink each and a tip and you're at $200. We...
by letsgobobby
Thu Jan 12, 2017 3:32 pm
Forum: Investing - Help with Personal Investments
Topic: Update on mix in DAF for long term?
Replies: 9
Views: 425

Re: Update on mix in DAF for long term?

ours is 40% US stocks, 30% international stocks, 30% US bonds. It's not too far off our baseline AA (60/40). We try not to accumulate funds in our DAF but are currently a couple years over intentions..
by letsgobobby
Thu Jan 12, 2017 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: Inquiring about family finances?
Replies: 46
Views: 3883

Re: Inquiring about familiy finances?

I would be really, really careful. It took my own father 20 years of talking finances with me before he really felt ready to take advice. And he and I are very close. Doing this with your father in law seems risky. It could go well, but might not. Even still, my dad makes financial choices I would n...
by letsgobobby
Wed Jan 11, 2017 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Open a DAF?
Replies: 15
Views: 1114

Re: Open a DAF?

there can be some tax rate arbitrage opportunities with a DAF but you have to offset those with the ongoing costs of a DAF, which are 0.6% per year above and beyond the fees for the underlying investments. Over a very long period of time, measured in decades, that would add up to a substantial loss...
by letsgobobby
Wed Jan 11, 2017 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Open a DAF?
Replies: 15
Views: 1114

Re: Open a DAF?

there can be some tax rate arbitrage opportunities with a DAF but you have to offset those with the ongoing costs of a DAF, which are 0.6% per year above and beyond the fees for the underlying investments. Over a very long period of time, measured in decades, that would add up to a substantial loss....
by letsgobobby
Mon Jan 09, 2017 11:26 pm
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 245
Views: 27121

Re: Whats your number to walk away?

I could pick a number but without a handle on health care I wouldn't do it almost regardless of how much I had. Too much risk. Too many unknowns. I can say we'd walk away with X plus health care but since I don't have health care, I wouldn't walk away. Maybe 40x expenses, plus health care. As we get...
by letsgobobby
Sun Jan 08, 2017 3:25 am
Forum: Investing - Theory, News & General
Topic: No Vanguard Customer Support on weekends
Replies: 55
Views: 3972

Re: No Vanguard Customer Support on weekends

I'm curious what is so urgent that it must be done on a weekend, since all markets are closed.
by letsgobobby
Sat Jan 07, 2017 1:58 pm
Forum: Personal Consumer Issues
Topic: Alaska cruise - Help me convince my family
Replies: 59
Views: 3852

Re: Alaska cruise - Help me convince my family

We did an Alaska cruise 11 years ago, no kids. Had a group of ten of us (several families). It was absolutely great. Loved stopping in each place. We never do cruise line excursions. Once we kayaked in a bay, still remember the canned smoked salmon we had at the end (and in fact we still buy it ever...
by letsgobobby
Sat Jan 07, 2017 1:32 pm
Forum: Investing - Help with Personal Investments
Topic: Which stock index fund for gift to grandchildren
Replies: 25
Views: 1608

Re: Which stock index fund for gift to grandchildren

My children (7 and 9) invest exclusively in the Vanguard Target Retirement 2060 fund. It has domestic and international stocks and bonds and that should somewhat mitigate distributions over the years. In my eyes it is a 'set it and forget it' choice.
by letsgobobby
Fri Jan 06, 2017 5:37 pm
Forum: Investing - Theory, News & General
Topic: I am timing the market. Why am I wrong?
Replies: 89
Views: 5733

Re: I am timing the market. Why am I wrong?

A few notes based on the responses: I meant Q3 2015 was when I started my subscriptions, not 2016. That was a mistake. WRT the actual content of those publications, it took a little bit but I found a lot of self promotion and blatant dishonesty in some of the articles (not just in the editorial sec...
by letsgobobby
Fri Jan 06, 2017 2:13 pm
Forum: Investing - Theory, News & General
Topic: Are Younger people funding 529 Plans?
Replies: 109
Views: 7323

Re: Are Younger people funding 529 Plans?

Late 30s with a toddler here. No 529 as the tax offset isn't enough to deal with the lock-in of funds. My state recently gave everyone 2 years of CC at no cost, and who knows what the education system will look like in 15+ years. I am setting aside college funds monthly, but in a post-tax brokerage...
by letsgobobby
Thu Jan 05, 2017 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth - not legal???
Replies: 18
Views: 3353

Re: Backdoor Roth - not legal???

IRS spokesperson commented to the WSJ in 2012 and there doesn't seem to be any doubt this is allowable. Of course interpretations can change, I understand a spokesperson is not official rule/law.

viewtopic.php?f=10&t=94372
by letsgobobby
Thu Jan 05, 2017 5:30 pm
Forum: Investing - Theory, News & General
Topic: Are Younger people funding 529 Plans?
Replies: 109
Views: 7323

Re: Are Younger people funding 529 Plans?

I think each person should run their own numbers / estimates and then decide if the anticipated tax savings is worth it. As I pointed out in my scenario above (tax loss harvest, 0% long term capital gains), the actual tax-saving could be quite small for me so isn't worth the strings at this point. ...

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