Search found 7162 matches

by tadamsmar
Sat Jun 24, 2017 6:49 am
Forum: Investing - Help with Personal Investments
Topic: Lump sum investing in stocks vs. DCA
Replies: 24
Views: 1272

Re: Lump sum investing in stocks vs. DCA

Maybe there are times when investing a LS is a bad idea because the market is in a bubble. But, if there are such times, then not selling to get a LS is equally bad. And one would need to know when one was in that one of those unfavorable times. If one has that knowledge there are better ways to ta...
by tadamsmar
Fri Jun 23, 2017 9:08 pm
Forum: Investing - Help with Personal Investments
Topic: Lump sum investing in stocks vs. DCA
Replies: 24
Views: 1272

Re: Lump sum investing in stocks vs. DCA

The reason you don't pull your invested money out and re-invest by dollar cost averaging is because dollar cost averaging is a risk-distributing move, like buying insurance, rather than an investment in the usual sense. Suppose you are moving money from one location to another and insure its delive...
by tadamsmar
Fri Jun 23, 2017 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking about the death thing for taking SS
Replies: 17
Views: 1317

Re: Thinking about the death thing for taking SS

Always an enjoyable exercise, I recently set about the task of thinking through the timeless question of when to take SS benefits. When I started the process I'd read some articles and books and concluded that waiting until I turned 70 was the answer--effectively buying myself an inflation-safe ann...
by tadamsmar
Mon Jun 19, 2017 11:47 am
Forum: Investing - Help with Personal Investments
Topic: Why do we need an emergency fund?
Replies: 70
Views: 3989

Re: Why do we need an emergency fund?

You need an emergency plan, not necessarily an emergency fund. People who don't have earned income -- that is, retirees -- don't need an emergency fund, if you use the definition that an emergency fund is intended to replace income if you are unable to work. Seems that might extend to people who are...
by tadamsmar
Mon Jun 19, 2017 9:08 am
Forum: Investing - Help with Personal Investments
Topic: Why do we need an emergency fund?
Replies: 70
Views: 3989

Re: Why do we need an emergency fund?

I have: 1. A $15,000 equity line of credit 2. Another $15,000 equity line of credit 3. A couple of credit cards that normally have a limit exceeding $15000, this can provide a free loan for 3 weeks or so if I can make an emergency purchase instead of a cash withdrawal. 4. A large Vanguard taxable ac...
by tadamsmar
Sun Jun 18, 2017 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: HSAs and "Saving Medical Receipts"
Replies: 94
Views: 6290

Re: HSAs and "Saving Medical Receipts"

I used to have my dentist submit my bills to my medical insurance just to get the EOB with zero on it. I did it because the EOBs were then online at my insurer's web site for 18 months and I liked having a more complete record there. I could download them in bulk once a year for my records. Lo and ...
by tadamsmar
Sat Jun 17, 2017 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: HSAs and "Saving Medical Receipts"
Replies: 94
Views: 6290

Re: HSAs and "Saving Medical Receipts"

I used to have my dentist submit my bills to my medical insurance just to get the EOB with zero on it. I did it because the EOBs were then online at my insurer's web site for 18 months and I liked having a more complete record there. I could download them in bulk once a year for my records. Lo and b...
by tadamsmar
Sat Jun 17, 2017 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Curious to odd estate question
Replies: 88
Views: 4730

Re: Curious to odd estate question

In the OP, you stipulate that we must not talk about why he is doing this.

But, you cannot impose that stipulation on the clerk of court who will oversee the disposition of his estate. The question of why is material to determining if the executor is following the law.
by tadamsmar
Sat Jun 17, 2017 6:51 am
Forum: Personal Finance (Not Investing)
Topic: Curious to odd estate question
Replies: 88
Views: 4730

Re: Curious to odd estate question

If this man is serious about destroying his wealth, he can't use an estate attorney. With the bitcoin he can just run off with the money and retire. Worst than that, and estate executor or trust officer has some prudent management responsibilities under the law. They can't just destroy the money by...
by tadamsmar
Fri Jun 16, 2017 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Curious to odd estate question
Replies: 88
Views: 4730

Re: Curious to odd estate question

The estate tax exemption is $5.49M.

According to the info given, this guy has 6M. If he wants to avoid giving some to the government, his only choice is to give up the one thing he loves: making money in the stock market.

But I guess he could shovel the excess over to an annuity and keep trading.
by tadamsmar
Fri Jun 16, 2017 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Curious to odd estate question
Replies: 88
Views: 4730

Re: Curious to odd estate question

There are perhaps some problems with the bitcoin thing. The executor has to execute the will via the clerk of court and file the taxes. There are inheritance and perhaps estate taxes that would be due. The estate taxes probably need to be paid before the executor puts the money into the bitcoin acco...
by tadamsmar
Fri Jun 16, 2017 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: HSAs and "Saving Medical Receipts"
Replies: 94
Views: 6290

Re: HSAs and "Saving Medical Receipts"

Trying to do an analysis of not saving the receipts. Note that an HSA is a tax-deferred account, so it is worth keeping anyway. If you don't need to consume it. This indicates about $300,000 in medical expenses after age 65 for a couple in 2000 dollars. That goes to 430,000 in today's dollars based ...
by tadamsmar
Fri Jun 16, 2017 11:10 am
Forum: Personal Finance (Not Investing)
Topic: How many of you have rentals (i.e. you're a landlord)? Are they worth it?
Replies: 74
Views: 5017

Re: How many of you have rentals (i.e. you're a landlord)? Are they worth it?

I think landlords should: 1. Review the law/regs on evictions in you state and local jurisdiction. You may find some non-intuitive no-nos. 2. Review tenant and landlord rights in your jurisdiction. May be a few surprises there too. 2. Review the building code (perhaps the rehab code when it applies)...
by tadamsmar
Fri Jun 16, 2017 10:18 am
Forum: Investing - Theory, News & General
Topic: Favorite Feature of Vanguard Website?
Replies: 64
Views: 4648

Re: Favorite Feature of Vanguard Website?

I like the way that the value of my total assets has been going up since early 2009.
by tadamsmar
Thu Jun 15, 2017 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: How many of you have rentals (i.e. you're a landlord)? Are they worth it?
Replies: 74
Views: 5017

Re: How many of you have rentals (i.e. you're a landlord)? Are they worth it?

We had 3, managed at times and had a property manager at other times, both bring issues. We are happy to be out of landlording. What issues come with managing your own property? What issues come with hiring a property management company? What are you doing instead? It's easy to hire a company in an...
by tadamsmar
Thu Jun 15, 2017 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: How many of you have rentals (i.e. you're a landlord)? Are they worth it?
Replies: 74
Views: 5017

Re: How many of you have rentals (i.e. you're a landlord)? Are they worth it?

I was a landlord for a while. I think it's a better choice if you can make it a family business. If you and some of the heirs are willing to work together to manage it. You need a plan for managing it as you age so you can pass the property on and get the stepped up basis to the heirs. The least exp...
by tadamsmar
Thu Jun 15, 2017 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Curious to odd estate question
Replies: 88
Views: 4730

Re: Curious to odd estate question

He could create a "zombie trust". He could probably arrange to put all his trading money in the trust and trade stocks to increase the value of the trust. It could go on autopilot after his death with no more trading. The function of the trust could be to answer the question posed by this ...
by tadamsmar
Thu Jun 15, 2017 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Curious to odd estate question
Replies: 88
Views: 4730

Re: Curious to odd estate question

In simplistic terms you simply want to burn the pile of assets that represents your estate so no one benefits from the value of your estate. You do not want to give it charity, the Government or anyone, you want your wealth irradiated. Is there a legal mechanism to do so? Seriously, in order to des...
by tadamsmar
Thu Jun 15, 2017 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Curious to odd estate question
Replies: 88
Views: 4730

Re: Curious to odd estate question

It's impossible according to economic theory. Proof as follows: 1. He will need some kind of assistance after death since a DIY solution does no fit his stipulations. 2. The assistant will have to be paid, thereby violating the stipulations. 3. Suppose that someone assisted for free. According to Jo...
by tadamsmar
Thu Jun 15, 2017 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Curious to odd estate question
Replies: 88
Views: 4730

Re: Curious to odd estate question

Now that you provide the actual stipulations, it's getting harder. The money not only cannot be spent in advance, it has to be available for stock trading until he says his "rosebud". To paraphase Mr. Mcguire: One word, cryonics. He could arrange for it all to be used for his own cryonic p...
by tadamsmar
Thu Jun 15, 2017 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Curious to odd estate question
Replies: 88
Views: 4730

Re: Curious to odd estate question

Put everything in an immediate annuity and spend all the payments as received. Gill Interesting...the trouble comes in with a large amount of money being able to actually spend all of the proceeds from the annuity. Great idea, unfortunately if invalidates one of the OP's tenets: "...so no one ...
by tadamsmar
Tue Jun 13, 2017 12:58 am
Forum: Personal Finance (Not Investing)
Topic: HSAs and "Saving Medical Receipts"
Replies: 94
Views: 6290

Re: HSAs and "Saving Medical Receipts"

I'm skeptical of the receipts method, and it's a lot of hassle for me, so I'm more inclined to simply spend it.


You should save the records for a while for possible audits anyway. Is it really a hassle to not throw away records that you have already saved?
by tadamsmar
Tue Jun 13, 2017 12:53 am
Forum: Personal Finance (Not Investing)
Topic: HSAs and "Saving Medical Receipts"
Replies: 94
Views: 6290

Re: HSAs and "Saving Medical Receipts"

That's a lot saved up already. I'm surprised you've gotten so much into the HSA. When did you begin? How much are contributions vs gains? I'm skeptical of the receipts method, and it's a lot of hassle for me, so I'm more inclined to simply spend it. Too bad it's not useful for medigap insurance. I ...
by tadamsmar
Mon Jun 12, 2017 11:59 am
Forum: Personal Finance (Not Investing)
Topic: HSAs and "Saving Medical Receipts"
Replies: 94
Views: 6290

Re: HSAs and "Saving Medical Receipts"

Does it make any difference if a non-spouse beneficiary could use the deceased qualified expenses? Either way, the beneficiary inherits the money in the HSA, with no obligation to pay income tax and an obligation to pay any applicable inheritance taxes, if I understand correctly. Does make a differ...
by tadamsmar
Mon Jun 12, 2017 11:37 am
Forum: Personal Finance (Not Investing)
Topic: HSAs and "Saving Medical Receipts"
Replies: 94
Views: 6290

Re: HSAs and "Saving Medical Receipts"

Does it make any difference if a non-spouse beneficiary could use the deceased qualified expenses? Either way, the beneficiary inherits the money in the HSA, with no obligation to pay income tax and an obligation to pay any applicable inheritance taxes, if I understand correctly. Does make a differe...
by tadamsmar
Sun Jun 11, 2017 2:23 pm
Forum: Investing - Help with Personal Investments
Topic: Joint bank account w/parent or not?
Replies: 28
Views: 2037

Re: Joint bank account w/parent or not?

Not sure if this is for a specific state, but: "A joint account, with someone other than a spouse, will be frozen if the account is greater than $25,000. The joint owner will need a death certificate and a tax release to gain access to any account larger than $25,000." http://cmrs-law.com...
by tadamsmar
Sun Jun 11, 2017 10:22 am
Forum: Investing - Help with Personal Investments
Topic: Joint bank account w/parent or not?
Replies: 28
Views: 2037

Re: Joint bank account w/parent or not?

Not sure if this is for a specific state, but: "A joint account, with someone other than a spouse, will be frozen if the account is greater than $25,000. The joint owner will need a death certificate and a tax release to gain access to any account larger than $25,000." http://cmrs-law.com/...
by tadamsmar
Sun Jun 11, 2017 8:59 am
Forum: Personal Finance (Not Investing)
Topic: HSAs and "Saving Medical Receipts"
Replies: 94
Views: 6290

Re: HSAs and "Saving Medical Receipts"

My understanding is that you need to be able to substantiate your claims in the case of an IRS audit. This is sometimes called the HSA shoebox rule. I saved everything connected with qualified expenses payments, cash flow, reimbursement, tax deductions like receipts, EOBs, HSA records when I had an ...
by tadamsmar
Thu Jun 08, 2017 2:14 pm
Forum: Personal Consumer Issues
Topic: Buying a house for the 1st time - what should I look out for?
Replies: 22
Views: 1409

Re: inspections

FraggleRock wrote:radon test (this is only one I would consider optional depending on location)


The expert advice is to not consider it optional, probably because it is cheap and the location maps are probabilistic.
by tadamsmar
Tue Jun 06, 2017 7:27 am
Forum: Personal Finance (Not Investing)
Topic: Who really needs an umbrella insurance?
Replies: 40
Views: 5473

Re: Who really needs an umbrella insurance?

One advantage I found with umbrella insurance it has helped me identify liability risks that I would have overlooked. Just filling out the form made me realized that an uninsured canoe that I never used and had loaned out was a liability risk. And the insurance firms automatic monitoring led to them...
by tadamsmar
Mon Jun 05, 2017 10:33 am
Forum: Investing - Help with Personal Investments
Topic: Adding beneficiaries to a non-retirement account
Replies: 14
Views: 968

Re: Adding beneficiaries to a non-retirement account

Got feedback from Vanguard to solve the problem. I edited the OP to describe the resolution.
by tadamsmar
Mon Jun 05, 2017 4:06 am
Forum: Investing - Help with Personal Investments
Topic: Adding beneficiaries to a non-retirement account
Replies: 14
Views: 968

Re: Adding beneficiaries to a non-retirement account

Thanks for the input, particularly from those who found it worked for them.

I have contacted Vanguard by email to asked why my non-retirement account is not showing up. I can always use the snail mail form again if need be.
by tadamsmar
Sun Jun 04, 2017 4:59 pm
Forum: Investing - Help with Personal Investments
Topic: Adding beneficiaries to a non-retirement account
Replies: 14
Views: 968

Re: Adding beneficiaries to a non-retirement account

123 wrote:There was a prior discussion about Vanguard not allowing beneficiaries if the non-retirement account was a JOINT account:
viewtopic.php?t=215562

Are you trying to add beneficiaries to a joint account?


No.
by tadamsmar
Sun Jun 04, 2017 11:34 am
Forum: Investing - Help with Personal Investments
Topic: Adding beneficiaries to a non-retirement account
Replies: 14
Views: 968

Re: Adding beneficiaries to a non-retirement account

How does setting a beneficiary on a non-retirement account work, with respect to a will? My very cursory understanding is that for retirement accounts such as IRAs and 401ks, the beneficiary designations take preference over the will. That is, if my will says "all my assets go to my brother Bo...
by tadamsmar
Sun Jun 04, 2017 10:29 am
Forum: Investing - Help with Personal Investments
Topic: Adding beneficiaries to a non-retirement account
Replies: 14
Views: 968

Adding beneficiaries to a non-retirement account

It appears that Vanguard offers a way to do this online, but the instructions are confusing to me. If I go to account maintenance and click on beneficiaries, it brings up info on retirement accounts. On the right, there is a link for adding beneficiaries for non-retirement accounts. If you click tha...
by tadamsmar
Sat Jun 03, 2017 3:21 am
Forum: Investing - Theory, News & General
Topic: BBC: Fifty Things That Made the Modern Economy
Replies: 3
Views: 751

BBC: Fifty Things That Made the Modern Economy

They have a nice podcast on the history of the index fund. Bogle had the idea of the index fund back in 1951. After Nobel Laureate Paul Samuelson made a strong argument for it in the 1974 paper"Challege to Judgement", Bogle decided to give it a go. I guess the time seemed right with that k...
by tadamsmar
Thu May 18, 2017 8:36 am
Forum: Investing - Theory, News & General
Topic: International: Where's the benefit?
Replies: 63
Views: 5129

Re: International: Where's the benefit?

Just ran 2 hypothetical portfolios through Portfolio Visualizer out of curiosity, with returns generated from 1990-2017 (27 years) CAGR: 1: Total US: 9.48% 2: Total Global ex-US: 3.82% Where's the benefit in Total US given that you can dwarf it by running the numbers for a small value stock fund us...
by tadamsmar
Sun May 14, 2017 9:25 pm
Forum: Investing - Theory, News & General
Topic: WSJ: Most market anomalies academics have identified don’t exist
Replies: 53
Views: 5491

Re: WSJ: Most market anomalies academics have identified don’t exist

While I like small-cap value (and overweight it myself), this chart overestimates the advantage of small-cap value, because it has only half of the Internet bubble. Growth stocks outperformed value stocks in 1997-1999, then underperformed when the market fell in 2000-2002. (Still, Vanguard Small-Ca...
by tadamsmar
Sun May 14, 2017 12:56 pm
Forum: Investing - Theory, News & General
Topic: WSJ: Most market anomalies academics have identified don’t exist
Replies: 53
Views: 5491

Re: WSJ: Most market anomalies academics have identified don’t exist

The plot in the OP link (actually the no pay link in the 2nd post on the thread) shows Value doubling the market since 1993 when Fama and French made their case (or since 2000 also, since it lost ground during the dot com boom). But, what real investment did that? Not the Vanguard Value Index Fund (...
by tadamsmar
Thu May 11, 2017 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: What home improvements are worth it
Replies: 37
Views: 5505

Re: What home improvements are worth it

Maintenance and weatherproofing might be worth it, depending on the condition of your house. Exterior painting, caulking. cracked window sills, sealing the surface of an enclosed door landing, gutter problems. Stuff that lets in water or moisture in so termites can make progress. Stuff that let's th...
by tadamsmar
Thu May 11, 2017 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Who really needs an umbrella insurance?
Replies: 40
Views: 5473

Re: Who really needs an umbrella insurance?

Never thought about umbrella until assets were enough to be concerned. We were late 40s, mid-50s before it seemed necessary. Unless you feel like you're in a profession that puts a target on your back, I wouldn't spend the extra $200 a year until you have some assets to protect. Both you and the OP...
by tadamsmar
Sun May 07, 2017 4:36 pm
Forum: Investing - Help with Personal Investments
Topic: TSP Lifecycle Funds/G Fund Too Conservative?
Replies: 140
Views: 7690

Re: TSP Lifecycle Funds/G Fund Too Conservative?

rkhusky, I think you would like this paper "WARNING: Physics Envy May Be Hazardous To Your Wealth!" https://arxiv.org/pdf/1003.2688.pdf I think the best way to skim this long paper is to search for the uncertainty checklist Table 3 on page 51. Then work on understanding Table 3. There are ...
by tadamsmar
Thu May 04, 2017 9:12 pm
Forum: Personal Consumer Issues
Topic: Visiting Paris for 8 days - what to do?
Replies: 47
Views: 3074

Re: Visiting Paris for 8 days - what to do?

Have your kids learn to say "J'ai six (pronounced seas) ans" and "J'ai dix (pronounced dees) ans". Then they can get into all the museums free. For the adults, consider getting a Passe de Museé: http://en.parismuseumpass.com/ . Gets you into (almost) everything. The Paris Museum...
by tadamsmar
Thu May 04, 2017 6:08 pm
Forum: Investing - Help with Personal Investments
Topic: TSP Lifecycle Funds/G Fund Too Conservative?
Replies: 140
Views: 7690

Re: TSP Lifecycle Funds/G Fund Too Conservative?

Mercer and Vanguard were both moving away from domestic bond risk at about the same time. That seemed to be the "elephant in the room" of timing moves in that time frame. I wonder if other life cycle funds did the same. Do you mean towards international bonds? If so, the icrtdf.pdf paper ...
by tadamsmar
Thu May 04, 2017 11:37 am
Forum: Investing - Help with Personal Investments
Topic: TSP Lifecycle Funds/G Fund Too Conservative?
Replies: 140
Views: 7690

Re: TSP Lifecycle Funds/G Fund Too Conservative?

Mercer and Vanguard were both moving away from domestic bond risk at about the same time. That seemed to be the "elephant in the room" of timing moves in that time frame. I wonder if other life cycle funds did the same.
by tadamsmar
Thu May 04, 2017 9:39 am
Forum: Investing - Help with Personal Investments
Topic: TSP Lifecycle Funds/G Fund Too Conservative?
Replies: 140
Views: 7690

Re: TSP Lifecycle Funds/G Fund Too Conservative?

I prefer passive investing, rather than active management. All Lifecycle/Target funds are "active" in the same sense. No they're not. Vanguard has a fixed US/Int'l ratio for both stocks and bonds, apart from the couple of discrete changes they've made over the last dozen years. They only ...
by tadamsmar
Wed May 03, 2017 7:20 pm
Forum: Investing - Help with Personal Investments
Topic: TSP Lifecycle Funds/G Fund Too Conservative?
Replies: 140
Views: 7690

Re: TSP Lifecycle Funds/G Fund Too Conservative?

I'd rather they keep doing what they are already doing. Otherwise, Mercer would have to pay somebody to make all these judgments and and write them up and that would cost money. It's a waste of my money. They have the allocate the money down to the penny, like down to maybe 8 digits, anyway. There ...
by tadamsmar
Wed May 03, 2017 2:42 pm
Forum: Investing - Help with Personal Investments
Topic: TSP Lifecycle Funds/G Fund Too Conservative?
Replies: 140
Views: 7690

Re: TSP Lifecycle Funds/G Fund Too Conservative?

If their calculation came out to an allocation of 34 24 14 14 14 for 2020 and an allocation of 36 26 12 12 14 for 2050, what I would want them to say is "Here is what we came up with, but, because our estimates have so much uncertainty, we are going to arbitrarily choose 30 25 15 15 15 for 202...
by tadamsmar
Wed May 03, 2017 1:22 pm
Forum: Investing - Help with Personal Investments
Topic: TSP Lifecycle Funds/G Fund Too Conservative?
Replies: 140
Views: 7690

Re: TSP Lifecycle Funds/G Fund Too Conservative?

You just need mean variance and co-variance estimates for the G Fund to calculate an efficient frontier, "efficient pricing" is not a requirement. In addition to the TSP, http://www.financialengines.com can calculate asset allocations on the efficient frontier that include the G Fund. Tha...
by tadamsmar
Wed May 03, 2017 11:53 am
Forum: Investing - Help with Personal Investments
Topic: TSP Lifecycle Funds/G Fund Too Conservative?
Replies: 140
Views: 7690

Re: TSP Lifecycle Funds/G Fund Too Conservative?

However, timing may work when the assets involved are not traded in the market; this applies to the G fund. Very good point. There is no assumption of "efficient pricing" applicable to the G Fund. Does that mean that one cannot perform an efficient frontier analysis that includes the G Fu...

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