Search found 659 matches

by markcoop
Sat Aug 12, 2017 8:49 am
Forum: Investing - Help with Personal Investments
Topic: Stable Value Funds vs Bond Funds
Replies: 33
Views: 2049

Re: Stable Value Funds vs Bond Funds

I always thought that SVFs tend to lag the rates of bonds. So, if bonds rates were to rise, SVFs having contracts based on older lower rates, would not do as well. Eventually, however, they would catch up. I was never sure I really understood this relationship.
by markcoop
Wed Jul 12, 2017 10:26 am
Forum: Investing - Theory, News & General
Topic: "Guard Against These 3 Nonfinancial Retirement Risks"
Replies: 5
Views: 1063

Re: "Guard Against These 3 Nonfinancial Retirement Risks"

But I would say you'd want to think about having well over $3 million in assets if self-funding long-term care needs were a goal for you. That seems extreme - what is that, 20 years of LTC? I'd be willing to consider LTC insurance that kicked in only outlier case such as after, say, two years. I wo...
by markcoop
Thu Jun 29, 2017 10:22 am
Forum: Investing - Theory, News & General
Topic: Vanguard upgraded my accounts - angry [Brokerage Services]
Replies: 146
Views: 15957

Re: Vanguard upgraded my accounts - angry

You get consolidated 1099 forms, which is nice. However, I believe you don't get them as quickly (you get them in late Feb??).
by markcoop
Wed Jun 28, 2017 12:01 pm
Forum: Personal Consumer Issues
Topic: tennis ball machine recommendations
Replies: 5
Views: 319

Re: tennis ball machine recommendations

an_asker wrote:We rent it at $20/hour.


I'm sure this varies from club to club. In the cold months you pay for court time. In the summer, court time is free at our club. In the summer, the machine is something like $10/hour (I think).
by markcoop
Wed Jun 28, 2017 11:58 am
Forum: Personal Consumer Issues
Topic: tennis ball machine recommendations
Replies: 5
Views: 319

Re: tennis ball machine recommendations

My recommendation would be not to buy one at all. Although I think there is value hitting with a ball machine, I'd recommend using the ball machine at the club you play at (there's usually a relatively small fee to do so). That way you use a high quality machine, don't have to lug it around and save...
by markcoop
Tue Jun 27, 2017 10:28 pm
Forum: Investing - Help with Personal Investments
Topic: TIPS or no TIPS again
Replies: 47
Views: 3040

Re: TIPS or no TIPS again

AntsOnTheMarch wrote:
VictoriaF wrote:
Important: If you do buy TIPS, do it in your IRA account.



Yes, this question was asked in reference to current VBTLX holdings in SEP IRA.


But remember that TIPS are exempt from state taxes making them not so bad in a taxable account if you live in a high income tax state.
by markcoop
Tue Jun 27, 2017 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: TIPS or no TIPS again
Replies: 47
Views: 3040

Re: TIPS or no TIPS again

I help a retiree out with their finances and have about 20% of the fixed income invested in TIPS (75% nominal bonds, 5% bank/CDs). Most of the bonds are taxable and in the 28% Fed tax bracket (+state taxes). Therefore decided to put most of that 75% into muni-bond funds. I debated how much to put in...
by markcoop
Mon Jun 19, 2017 1:44 pm
Forum: Personal Consumer Issues
Topic: Trying to save money on prescription drug
Replies: 28
Views: 1552

Re: Trying to save money on prescription drug

I don't have any experience but I am considering doing something similar. How did you pick a Canadian pharmacy online? Can you post the URL?

Thanks
by markcoop
Mon Jun 19, 2017 10:30 am
Forum: Investing - Theory, News & General
Topic: Why Wouldn't Everyone Customize His Own Glidepath?
Replies: 17
Views: 2045

Re: Why Wouldn't Everyone Customize His Own Glidepath?

...when valuations are generous, expected returns are modest and the potential for really bad negative returns increases. Ones current financial circumstance does depend on past returns that resulted in current valuations. And the opposite is true too when valuations are low. I've been recently thi...
by markcoop
Tue Jun 13, 2017 7:28 pm
Forum: Investing - Help with Personal Investments
Topic: Another one of those "We are at the peak, crash is coming, how do I invest?" posts!
Replies: 75
Views: 5837

Re: Another one of those "We are at the peak, crash is coming, how do I invest?" posts!

You said: "However, when things were really low in 2009, I increased my equity." - I imagine when everything is crashing psychologically it's difficult to increase your equities position. Did it take a lot of guts to do this? The answer is it did take alot of guts. I do feel that the mark...
by markcoop
Tue Jun 13, 2017 12:07 pm
Forum: Investing - Help with Personal Investments
Topic: Another one of those "We are at the peak, crash is coming, how do I invest?" posts!
Replies: 75
Views: 5837

Re: Another one of those "We are at the peak, crash is coming, how do I invest?" posts!

Sometimes (like the past year or so) I wonder if we're missing a point when we say something like "Pick an appropriate allocation and stick to it." Perhaps an allocation should be more dynamic. I may feel fine with a 60% stock allocation in most market conditions. But when long term market...
by markcoop
Sun Jun 11, 2017 6:56 pm
Forum: Personal Consumer Issues
Topic: Vue/Sling tv users--what do you miss?
Replies: 43
Views: 2920

Re: Vue/Sling tv users--what do you miss?

I do sling and get the basic cable package to get the networks. I also nave Netflix and Amazon Prime. I'm pretty happy with this setup. At times, Sling quality is not as good as cable, but usually it's good.
by markcoop
Tue May 23, 2017 10:33 pm
Forum: Personal Finance (Not Investing)
Topic: Identify theft inusrance coverage - worth it?
Replies: 10
Views: 883

Re: Identify theft inusrance coverage - worth it?

I have Allstate Motor Club. Maybe it's included? I'll need to check.

At $25/month, it's certainly cheap enough.
by markcoop
Tue May 23, 2017 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Identify theft inusrance coverage - worth it?
Replies: 10
Views: 883

Identify theft inusrance coverage - worth it?

Do people here have Identity Theft Insurance Coverage? Costs an extra $25/year (I think that's for my family of 5). It covers up to $25,000 in lawyer and notary fees should someone run off with your identity and ruin it. It does not cover fraudulent credit card transactions.

Opinions?
by markcoop
Mon May 15, 2017 10:41 am
Forum: Personal Consumer Issues
Topic: Tipping at All Inclusive Resort?
Replies: 67
Views: 5703

Re: Tipping at All Inclusive Resort?

I'm actually shocked at how many people on this thread say they tip at an AI. This has nothing to do with being cheap and everything to do with the kind of vacation I'm looking to have. I do an AI specifically for the reason of putting my wallet away for a week. I believe I always took the words all...
by markcoop
Mon May 08, 2017 2:38 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable instead of Maxing 401(k)
Replies: 26
Views: 2253

Re: Taxable instead of Maxing 401(k)

I find this question interesting. I'm 51 and have been maxing out my 401K and IRAs for many years (my wife's 401K has very high fees so we do skip that one). At this point, I kindda feel retirement rich and current money poor. Yes, I do have the option to pull money from my ROTH (I have always loved...
by markcoop
Fri Apr 21, 2017 9:42 pm
Forum: Investing - Help with Personal Investments
Topic: Differential aggressiveness for ROTH vs 401K
Replies: 31
Views: 2658

Re: Differential aggressiveness for ROTH vs 401K

One point I have seen mentioned in the past is looking at the dispersion of possible outcomes. If the risk does not show up long term, then I understand that having stocks in the ROTH makes sense. However, look at the other side. If the risk does show up long term, then stocks in the ROTH is not pre...
by markcoop
Tue Apr 04, 2017 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Beneficiaries/TOD for Vanguard Joint Account
Replies: 16
Views: 1135

Re: Beneficiaries/TOD for Vanguard Joint Account

I may be wrong, but I think Vanguard used to allow you to do it (I have it set up), but at some point changed their policy.
by markcoop
Sat Apr 01, 2017 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Not opting for 529... anyone else?
Replies: 175
Views: 11448

Re: Not opting for 529... anyone else?

Those two links (at least the posts I looked at) are talking about issues with the IRS. That was some of the logistical issues I was talking about. As far as financial aid is concerned, there is no difference. I have the disbursements made to myself (the owner). Once the IRS sent me a letter about i...
by markcoop
Sat Apr 01, 2017 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: Not opting for 529... anyone else?
Replies: 175
Views: 11448

Re: Not opting for 529... anyone else?

I take back that last point. It can be made to the beneficiary, but still no difference for financial aid.
by markcoop
Sat Apr 01, 2017 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Not opting for 529... anyone else?
Replies: 175
Views: 11448

Re: Not opting for 529... anyone else?

Chicagoan23, I don't think the 529 money comes off​ the top. I think the potential for harm comes if the money is disbursed to the wrong entity, thereby possibly becoming attributed as student income for a future year, but I'm not super well versed in this. It is also counted as student income if t...
by markcoop
Sat Apr 01, 2017 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Not opting for 529... anyone else?
Replies: 175
Views: 11448

Re: Not opting for 529... anyone else?

Chicagoan23, I don't think the 529 money comes off​ the top. I think the potential for harm comes if the money is disbursed to the wrong entity, thereby possibly becoming attributed as student income for a future year, but I'm not super well versed in this. It is also counted as student income if t...
by markcoop
Fri Mar 31, 2017 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Not opting for 529... anyone else?
Replies: 175
Views: 11448

Re: Not opting for 529... anyone else?

How would it hurt? You should be able to get financial aid if you have a bunch of kids in school at the same time, I think. From my understanding, the 529 will come right off the top for the total cost. When colleges look at your total ability to pay, every cent of the 529 is accounted for, and the...
by markcoop
Wed Mar 29, 2017 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Not opting for 529... anyone else?
Replies: 175
Views: 11448

Re: Not opting for 529... anyone else?

Student aid does not simply mean loans- this is especially true at the most expensive private schools. Especially at the top end of school prestige (and where endowments are large), there are often very generous discounts for middle class students from the stated sticker price. My neighbor's kid wa...
by markcoop
Wed Mar 29, 2017 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Not opting for 529... anyone else?
Replies: 175
Views: 11448

Re: Not opting for 529... anyone else?

alfaspider wrote:...the savings should take place in your tax-advantaged retirement space if you aren't maxing it out.


I would only agree with this if you're not getting a state tax deduction on contributions.
by markcoop
Wed Mar 29, 2017 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Not opting for 529... anyone else?
Replies: 175
Views: 11448

Re: Not opting for 529... anyone else?

I think there are a few questions here: 1) Will you fund (at any percentage) your kids education? 2) Do you have the money today to invest for their education? 3) Do you get a state tax deduction? If the answer to all 3 are yes (it was in my case), I think it's a no-brainer to invest in 529s, at lea...
by markcoop
Tue Mar 28, 2017 11:57 am
Forum: Investing - Help with Personal Investments
Topic: Is it time to stop investing in the 529?
Replies: 12
Views: 2263

Re: Is it time to stop investing in the 529?

The only way that $15k-$21k per year estimate makes sense would bt at a school that meets full need. Although it is possible that you daughter will attend such a school, the competition to get into those schools is greater than you may think. Don't know if the GPA you mentioned was weighted or unwei...
by markcoop
Thu Mar 23, 2017 9:06 am
Forum: Investing - Theory, News & General
Topic: Anyone else taking less risk
Replies: 115
Views: 11112

Re: Anyone else taking less risk

I wonder sometimes if market levels (maybe I mean valuations) should impact my AA. I really do believe in not trying to time the market under most situations. However, there are times where I just want to nibble a little bit because the market is high or the market is low. I'm 50 years old. I certai...
by markcoop
Mon Feb 27, 2017 1:15 pm
Forum: Investing - Help with Personal Investments
Topic: 100K gift for kids education...where to put it.
Replies: 35
Views: 2572

Re: 100K gift for kids education...where to put it.

I think sometimes decisions like these come down to assumptions. For me, I made the assumption that I would not qualify for any need-based financial aid. Once I made that assumption, using a UGMA was a simple decision. It wouldn't hurt any aid that I thought I would never get and I knew I would use ...
by markcoop
Tue Jan 31, 2017 1:53 pm
Forum: Investing - Theory, News & General
Topic: Are you changing your AA based on current events?
Replies: 68
Views: 3798

Re: Are you changing your AA based on current events?

I don't like to change my AA, but sometimes I play a bit in my rebalancing bands. My AA is 60% stocks. If we hit all time highs and I feel the market is high, I will drop down a bit...slowly...toward 50%. When the market was tanking in 2008, I did move up above 60%. The combination of all-time marke...
by markcoop
Thu Jan 05, 2017 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Book recommendation for teen
Replies: 15
Views: 937

Re: Book recommendation for teen

However, she has issues with running out of money and then calling home last second. Who needs a book? You are teaching her lessons real time. I assume when she calls you tell her to get a job, or take out a student loan, or agree to a cut back in her cell phone plan. Surely you don't send money? I...
by markcoop
Wed Jan 04, 2017 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Book recommendation for teen
Replies: 15
Views: 937

Re: Book recommendation for teen

Thanks for the replies. My daughter is a sophomore in college. She seems to look for bargains, so she does have some level of understanding that money matters. However, she has issues with running out of money and then calling home last second. I feel some good budgeting skills will really help her....
by markcoop
Tue Jan 03, 2017 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Book recommendation for teen
Replies: 15
Views: 937

Book recommendation for teen

I'm looking for a good book for my daughter about money. I would prefer for it be an be an easy short read. The topics I'm looking for it to contain are budgeting, the value of saving and maybe touch on investing.

Recommendations?

Thanks
by markcoop
Thu Dec 08, 2016 4:40 pm
Forum: Investing - Help with Personal Investments
Topic: Stocks, especially small value stocks, since Nov 4
Replies: 4
Views: 641

Stocks, especially small value stocks, since Nov 4

What is going on with small value stocks? It's up about 18% since the election. The market as a whole is up about 9% over that time. When stocks hit all-time highs and it feels like it's in an overreaction to something, I want to react; although I certainly do understand this is market timing.
by markcoop
Wed Nov 23, 2016 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: Reduce MAGI to capture full child tax credit?
Replies: 21
Views: 3064

Re: Reduce MAGI to capture full child tax credit?

A few years back I came to a similar conclusion. I had switched to a Roth 401K for a year. When I did my taxes the following year, I realized the hit to the child tax credit. I immediately switched back to a trad'l 401K.
by markcoop
Wed Nov 23, 2016 10:53 am
Forum: Investing - Theory, News & General
Topic: Retreat to cash
Replies: 273
Views: 36718

Re: Retreat to cash

Whenever the market reaches new highs, I have an urge to pull back on stocks. If I take any action, it's is usually within my re-balancing bands. I probably rationalize such selling (I do like to buy at all-time lows as well) by convincing myself because it's within my re-balancing bands, then it's ...
by markcoop
Thu Oct 27, 2016 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Low Income - 401k beats Roth?
Replies: 70
Views: 5299

Re: Low Income - 401k beats Roth?

The exercise of running things through software and seeing the outcome is valuable at all stages. I started to contribute to a ROTH 401K in my late 30s with 3 kids. I eventually realized that I was getting a smaller child tax credit and eventually switched back to regular 401K.
by markcoop
Thu Jul 21, 2016 12:48 pm
Forum: Investing - Theory, News & General
Topic: wishing the market would drop to buy more shares
Replies: 36
Views: 3775

Re: wishing the market would drop to buy more shares

1) If the market were to drop, there would be a buying opportunity. However, there's no guarantee the market will rise before you need the money. 2) I view it as a win-win - If the market drops, I will buy more as stocks are on sale. If the market doesn't drop, my current shares are worth more. In e...
by markcoop
Wed Jul 06, 2016 7:39 pm
Forum: Investing - Help with Personal Investments
Topic: What to do if own REITs in taxable with large cap gain
Replies: 8
Views: 849

Re: What to do if own REITs in taxable with large cap gain

Thanks for the responses. His call. Sounds like he may need to money sooner rather than later, so he probably will sell. Guess he got lucky this time.
by markcoop
Wed Jul 06, 2016 10:10 am
Forum: Investing - Help with Personal Investments
Topic: What to do if own REITs in taxable with large cap gain
Replies: 8
Views: 849

What to do if own REITs in taxable with large cap gain

I gave a friend some advice about 10 years ago about diversification. A decision was made to buy some REITs. Somehow, the tax-inefficient part of my advice got lost, and my friend purchased about $15K in Vanguard's REIT fund in a taxable account. It's now worth about $48K. He also bought some more i...
by markcoop
Tue Jun 14, 2016 1:19 pm
Forum: Investing - Theory, News & General
Topic: The Myth of the Recharacterized Roth Conversion after a Loss
Replies: 79
Views: 5903

Re: The Myth of the Recharacterized Roth Conversion after a Loss

Note that we can transfer the tax payment into a money market fund to ensure we have the money to pay the taxes, but if we actually withdraw the money from the tIRA then we can't put our savings back, so we must pay the taxes late in the year. That's a good point. I have never done a conversion or ...
by markcoop
Tue Jun 14, 2016 7:03 am
Forum: Investing - Theory, News & General
Topic: The Myth of the Recharacterized Roth Conversion after a Loss
Replies: 79
Views: 5903

Re: The Myth of the Recharacterized Roth Conversion after a Loss

This reminds me of a problem solving class I took a long time ago. If you have 2 problems, A and B, and you know how to solve A but not B, then if you can show that A and B are equivalent, then you solved B. I believe I've shown that when you take the taxes from the IRA, then the two cases (convert ...
by markcoop
Mon Jun 13, 2016 4:41 pm
Forum: Investing - Theory, News & General
Topic: The Myth of the Recharacterized Roth Conversion after a Loss
Replies: 79
Views: 5903

Re: The Myth of the Recharacterized Roth Conversion after a Loss

Spewin - Then it sounds to me that you are really arguing with FinancialDave's assumption that: it doesn’t really matter whether you pay the taxes for the conversion from an external savings account or from the IRA money that you are converting, as long as you are at least 59.5 years old. Well, we k...
by markcoop
Mon Jun 13, 2016 3:28 pm
Forum: Investing - Theory, News & General
Topic: The Myth of the Recharacterized Roth Conversion after a Loss
Replies: 79
Views: 5903

Re: The Myth of the Recharacterized Roth Conversion after a Loss

it doesn’t really matter whether you pay the taxes for the conversion from an external savings account or from the IRA money that you are converting, as long as you are at least 59.5 years old.Dave If you take the money from the IRA, it is alot easier to understand your point. Case 1 (convert now):...
by markcoop
Wed Jun 08, 2016 2:46 pm
Forum: Investing - Theory, News & General
Topic: 401k(s) are not the best way to save for retirement?
Replies: 57
Views: 7394

Re: 401k(s) are not the best way to save for retirement?

The thing is it depends. Even if it makes sense to contribute to a t401K based on reasons above, there's always something that you may not be considering. There was a conversation a couple of weeks ago about the impact of a t401K on financial aid - https://www.bogleheads.org/forum/viewtopic.php?t=19...
by markcoop
Wed Jun 08, 2016 10:38 am
Forum: Investing - Theory, News & General
Topic: 401k(s) are not the best way to save for retirement?
Replies: 57
Views: 7394

Re: 410k(s) are not the best way to save for retirement?

In my opinion, you should have money in all 3 buckets. And, you could have that if you contribute more to Trad. 401K and put the tax savings into taxable account. Why that is not a good option? KlangFool I don't think we disagree. I have maxed out my t401K and Roth IRAs for many years. But that wor...
by markcoop
Wed Jun 08, 2016 9:54 am
Forum: Investing - Theory, News & General
Topic: 401k(s) are not the best way to save for retirement?
Replies: 57
Views: 7394

Re: 410k(s) are not the best way to save for retirement?

There have been a number of comments on this site talking about why t401K/IRAs are better than ROTH accounts because you can control the taxes. You may even be able to create a situation where you retire early and have years of ROTH conversions with little or no taxes. I've always been skeptical of ...
by markcoop
Sun Jun 05, 2016 7:26 am
Forum: Investing - Help with Personal Investments
Topic: Why bother with a 529?
Replies: 180
Views: 14846

Re: Why bother with a 529?

From one who did use 529s to help fund childrens' education: the 529s were more trouble than they were worth. Didn't save us much at all in taxes, and generated "conversations" with the IRS on two occasions. Can you elaborate about the "conversations"? Is there something you cou...
by markcoop
Fri Jun 03, 2016 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Proper Protocol to Handle Fender Bender
Replies: 41
Views: 4369

Re: Proper Protocol to Handle Fender Bender

When people say to call the police, are they saying to dial 911? If yes, even for accidents with minor damage and no one is hurt?