Search found 7060 matches

by tadamsmar
Wed Feb 22, 2017 4:36 pm
Forum: Investing - Help with Personal Investments
Topic: Requesting review of my IPS (Doctor)
Replies: 20
Views: 903

Re: Doctor requesting review of my IPS

Objectives: Retire early from clinical medicine, no later than age 55. $1,500,000 between taxable accounts. $1,500,000 between tax-free and tax-advantaged spaces (IRAs, 401k/403b accounts). Not sure there is any need for a 50-50 ratio goal. I think the goal should be tax-efficient fund placement: h...
by tadamsmar
Wed Feb 22, 2017 4:30 pm
Forum: Investing - Help with Personal Investments
Topic: Requesting review of my IPS (Doctor)
Replies: 20
Views: 903

Re: Doctor requesting review of my IPS

obafgkm wrote:When I saw this subject, I was expecting a different kind of question. I didn't know doctors needed to see a patient's investment policy statement...
:shock:


Doctor, my IPS made my nest egg obese.
by tadamsmar
Wed Feb 22, 2017 4:29 pm
Forum: Investing - Help with Personal Investments
Topic: Requesting review of my IPS (Doctor)
Replies: 20
Views: 903

Re: Doctor requesting review of my IPS

The only recommendation I would have is to go ahead and set your glidepTh instead of revisiting your AA every 5 years. Ditto on the 5 year thing - I think it will just cause indecision and anxiety. Use an AA schedule. Here are examples of AA schedules: Age in bonds The Burton Malkiel's Life-cycle M...
by tadamsmar
Mon Feb 20, 2017 9:20 pm
Forum: Investing - Theory, News & General
Topic: Is a 4% plus CPI withdrawal rate actually aggressive?
Replies: 199
Views: 8167

Re: Is a 4% plus CPI withdrawal rate actually aggressive?

That's how the 4% SWR came about; it's the largest WR that would never once have run out of money over a 30 year period (using a 60/40 portfolio) throughout the entire U.S. history of stocks going back 140 years. It's true that in a very few instances, the money would have been nearly exhausted at ...
by tadamsmar
Sat Feb 18, 2017 8:18 am
Forum: Personal Consumer Issues
Topic: Cruise suggestions.
Replies: 27
Views: 2151

Re: Cruise suggestions.

In Athens, I think I gave a cabby a $20 bill and it magically became a $10, so don't absent-mindedly hand them a bill, make sure they know you are playing attention. The Hop on hop off buses in Athens were great and inexpensive for seeing the sights, and they were not listed in the guide books we ha...
by tadamsmar
Thu Feb 16, 2017 10:21 am
Forum: Investing - Help with Personal Investments
Topic: Very basic question about fees
Replies: 10
Views: 833

Re: Very basic question about fees

I'm a beginner at investing, and I had a question about fees associated with funds. I'm comparing the fees between different state 529 plans, some with an expense ratio of around .33%, others around .17%. How do I calculate the different in what I'd actually be paying? Is it as simple as [yearly co...
by tadamsmar
Sun Feb 12, 2017 8:38 pm
Forum: Investing - Theory, News & General
Topic: What is the prediction of future long-term returns for your portfolio?
Replies: 63
Views: 4599

Re: What is the prediction of future long-term returns for your portfolio?

If we just observed 17 years with a CAGR that would fall within the lowest decile or so of observed returns over that time frame, then maybe we will observe a CAGR over the following 17 years that lies in the top decile of observed returns? Possible no? Near zero probability for 9% real. You do rea...
by tadamsmar
Sat Feb 11, 2017 8:35 pm
Forum: Investing - Theory, News & General
Topic: Rick's Rules for Lump Sum Investing
Replies: 215
Views: 13884

Re: Rick's Rules for Lump Sum Investing

I've read this entire exhausting thread. One of the most important components of the Boglehead strategy is to Sell High and Buy Low. If I were fully invested right now I would be selling my S&P/VTI and buying TBM or TIBM. But since I am not invested yet, the "right" move is to lump su...
by tadamsmar
Sat Feb 11, 2017 3:52 pm
Forum: Investing - Theory, News & General
Topic: What is the prediction of future long-term returns for your portfolio?
Replies: 63
Views: 4599

Re: What is the prediction of future long-term returns for your portfolio?

BTW.. The previous 17 years have been pretty grim for US equities (S&P 500 returned about 2.5% real). Can't we all advocate for some positive reversion to the mean? Isn't it about time for a 17 year period of 9%+ real returns? Heck I may be able to retire before age 50 if that happens. The 2.5%...
by tadamsmar
Fri Feb 10, 2017 2:45 pm
Forum: Investing - Theory, News & General
Topic: What is the prediction of future long-term returns for your portfolio?
Replies: 63
Views: 4599

Re: What is the prediction of future long-term returns for your portfolio?

What you mean by 'real return' is different from what he is referring to. If he is including a 4%+inflation WR (Trinity study) in his calculations, a 2% real return above that would virtually never run out of money. And a 2% risk of failure should not be a problem for someone with a pension plus SS...
by tadamsmar
Fri Feb 10, 2017 11:36 am
Forum: Investing - Theory, News & General
Topic: What is the prediction of future long-term returns for your portfolio?
Replies: 63
Views: 4599

Re: What is the prediction of future long-term returns for your portfolio?

Based on a retirement calculator, if we retire at 55, we will run out of money at 93 with a 2% real return. For me, that is not too bad. But the cure with a 3% real return looks really nice, and might be used to convince my wife that we can retire. 2% real might be OK for planning purposes. 1% woul...
by tadamsmar
Fri Feb 10, 2017 3:09 am
Forum: Investing - Theory, News & General
Topic: What is the prediction of future long-term returns for your portfolio?
Replies: 63
Views: 4599

Re: What is the prediction of future long-term returns for your portfolio?

Based on a retirement calculator, if we retire at 55, we will run out of money at 93 with a 2% real return. For me, that is not too bad. But the cure with a 3% real return looks really nice, and might be used to convince my wife that we can retire. 2% real might be OK for planning purposes. 1% woul...
by tadamsmar
Thu Feb 09, 2017 1:22 pm
Forum: Investing - Theory, News & General
Topic: Costs of the TSP? is it self-sustained?
Replies: 33
Views: 3078

Re: Costs of the TSP? is it self-sustained?

Why would you roll back into the G Fund if the withdrawal options suck? I ask because my wife's funds are in TSP and always figured we would roll out of TSP into vanguard come retirement time. Something that sucks for all your money may be fine or even great for part of your money. The withdrawal o...
by tadamsmar
Thu Feb 09, 2017 11:45 am
Forum: Investing - Theory, News & General
Topic: Costs of the TSP? is it self-sustained?
Replies: 33
Views: 3078

Re: Costs of the TSP? is it self-sustained?

There is a myRA federal program that allows limited G Fund access to savers who are not federal employees:

https://en.wikipedia.org/wiki/MyRA

I think the TSP is self-sustained.
by tadamsmar
Tue Feb 07, 2017 7:31 pm
Forum: Investing - Theory, News & General
Topic: Too good to be true? [Bogleheads' model of index investing]
Replies: 48
Views: 5599

Re: Too good to be true? [Bogleheads' model of index investing]

I am very much sold on the Boglehead model of index investing, and have been practicing it for the majority of my (short) time in the market. However, I often find myself thinking about the old adage "If it sounds too good to be true, it probably is." Well, is it? Our method is low-cost, ...
by tadamsmar
Mon Feb 06, 2017 10:10 pm
Forum: Investing - Help with Personal Investments
Topic: Need help on Roth Recharacterization
Replies: 34
Views: 1235

Re: Need help on Roth Recharacterization

This seems to define the correct MAGI to use to determine the Medicare Premium: https://www.zanebenefits.com/blog/how-to-calculate-modified-adjusted-gross-income-magi I guess there are multiple definitions of MAGI for different things. Looks like I have to start with the AGI and add stuff to it, li...
by tadamsmar
Mon Feb 06, 2017 10:07 pm
Forum: Investing - Help with Personal Investments
Topic: Need help on Roth Recharacterization
Replies: 34
Views: 1235

Re: Need help on Roth Recharacterization

This seems to define the correct MAGI to use to determine the Medicare Premium: https://www.zanebenefits.com/blog/how-to-calculate-modified-adjusted-gross-income-magi I guess there are multiple definitions of MAGI for different things. Looks like I have to start with the AGI and add stuff to it, li...
by tadamsmar
Mon Feb 06, 2017 6:44 pm
Forum: Investing - Help with Personal Investments
Topic: Need help on Roth Recharacterization
Replies: 34
Views: 1235

Re: Need help on Roth Recharacterization

I went in a did the same thing, entered a test 1099R from scratch. And, I found my error! Thanks! I have failed to check the IRA/SEP/SIMPLE box in the dialog. When I did that, it ask me about proportion converted to a Roth and the proportion recharacterized. There might have been a bit of a pitfall...
by tadamsmar
Mon Feb 06, 2017 5:05 pm
Forum: Investing - Help with Personal Investments
Topic: Need help on Roth Recharacterization
Replies: 34
Views: 1235

Re: Need help on Roth Recharacterization

Just for laughs, I ran a sample return in HRB software from 2014 that I have on the shelf. (I have the last 10 years of TT and a few years of HRB) I told it I had a 1099R. It then asked me a series of questions, how much, distribution code etc, any basis etc. It also asked if I converted any of the...
by tadamsmar
Mon Feb 06, 2017 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: Need help on Roth Recharacterization
Replies: 34
Views: 1235

Re: Need help on Roth Recharacterization

One detail is that the 1099-R from Vanguard is for a value that is the sum of a Roth conversion and a MRD. I might decide report in in the tax software as 2 1099-Rs since it is part a normal distribution and part a Roth conversion. Trust me - that's not going to solve your problem What do you sugge...
by tadamsmar
Mon Feb 06, 2017 12:35 pm
Forum: Investing - Help with Personal Investments
Topic: Need help on Roth Recharacterization
Replies: 34
Views: 1235

Re: Need help on Roth Recharacterization

I found the answer in on the HR Block discussion board: YES, there is a way. As previously mentioned, since this was recharacterized into a traditional IRA you do not need to report the rollover or the recharacterization on Form 8606 as it is not taxable. In order to add your distribution the corre...
by tadamsmar
Mon Feb 06, 2017 9:07 am
Forum: Investing - Help with Personal Investments
Topic: Need help on Roth Recharacterization
Replies: 34
Views: 1235

Re: Need help on Roth Recharacterization

This seems to define the correct MAGI to use to determine the Medicare Premium: https://www.zanebenefits.com/blog/how-to-calculate-modified-adjusted-gross-income-magi I guess there are multiple definitions of MAGI for different things. Looks like I have to start with the AGI and add stuff to it, li...
by tadamsmar
Mon Feb 06, 2017 9:06 am
Forum: Investing - Help with Personal Investments
Topic: Need help on Roth Recharacterization
Replies: 34
Views: 1235

Re: Need help on Roth Recharacterization

I found the answer in on the HR Block discussion board: YES, there is a way. As previously mentioned, since this was recharacterized into a traditional IRA you do not need to report the rollover or the recharacterization on Form 8606 as it is not taxable. In order to add your distribution the correc...
by tadamsmar
Mon Feb 06, 2017 8:56 am
Forum: Investing - Help with Personal Investments
Topic: Need help on Roth Recharacterization
Replies: 34
Views: 1235

Re: Need help on Roth Recharacterization

I believe the IRMA MAGI is your AGI (line 37) plus tax exempt interest (line 8b) Edit: there are also a couple of other sources of income added: (most would not apply but possibly could) 1. Savings Bond Interest excluded because it was used to pay tuition, etc. 2. Earned Income from US Citizens liv...
by tadamsmar
Mon Feb 06, 2017 8:42 am
Forum: Investing - Help with Personal Investments
Topic: Need help on Roth Recharacterization
Replies: 34
Views: 1235

Re: Need help on Roth Recharacterization

This seems to define the correct MAGI to use to determine the Medicare Premium: https://www.zanebenefits.com/blog/how-to-calculate-modified-adjusted-gross-income-magi I guess there are multiple definitions of MAGI for different things. Looks like I have to start with the AGI and add stuff to it, lik...
by tadamsmar
Mon Feb 06, 2017 8:14 am
Forum: Investing - Help with Personal Investments
Topic: Need help on Roth Recharacterization
Replies: 34
Views: 1235

Re: Need help on Roth Recharacterization

cherijoh wrote:
Did you try googling it? :oops:


Yes, I have googled to try to pin down the exact MAGI calculation many times.
by tadamsmar
Mon Feb 06, 2017 8:05 am
Forum: Investing - Help with Personal Investments
Topic: Need help on Roth Recharacterization
Replies: 34
Views: 1235

Re: Need help on Roth Recharacterization

I believe the IRMA MAGI is your AGI (line 37) plus tax exempt interest (line 8b) Edit: there are also a couple of other sources of income added: (most would not apply but possibly could) 1. Savings Bond Interest excluded because it was used to pay tuition, etc. 2. Earned Income from US Citizens liv...
by tadamsmar
Mon Feb 06, 2017 7:59 am
Forum: Investing - Help with Personal Investments
Topic: Need help on Roth Recharacterization
Replies: 34
Views: 1235

Re: Need help on Roth Recharacterization

Was the conversion from a qualified plan (eg 401k) or from an IRA? If from IRA and Box 7 "IRA" is checked on the 1099R, did you enter that into the program? The G code only applies to direct rollovers between qualified plans and IRAs, never to a conversion from TIRA to Roth IRA. If you co...
by tadamsmar
Mon Feb 06, 2017 7:29 am
Forum: Investing - Help with Personal Investments
Topic: Need help on Roth Recharacterization
Replies: 34
Views: 1235

Re: Need help on Roth Recharacterization

I believe the IRMA MAGI is your regular MAGI (line 37) plus tax exempt interest (line 8b) Line 37 is AGI. MAGI is calculated by taking AGI and modifying it by adding or subtracting certain items. There are a variety of MAGIs used in the tax code for a variety of purposes. You have to read the instr...
by tadamsmar
Sun Feb 05, 2017 9:44 am
Forum: Investing - Help with Personal Investments
Topic: Need help on Roth Recharacterization
Replies: 34
Views: 1235

Need help on Roth Recharacterization

I am in the process of doing my taxes using H&R Software. Looks like I have two problems: 1. My taxable income pushes me into the 28% tax bracket and I don't want to exceed the 25% bracket. 2. My AGI seems to imply that my MAGI pushs me above the limit for a Medicare Part B premium increase. I t...
by tadamsmar
Sat Feb 04, 2017 9:26 pm
Forum: Investing - Help with Personal Investments
Topic: All in VANGUARD is that ok??
Replies: 51
Views: 5330

Re: All in VANGUARD is that ok??

From Consumer Reports: Q. I have all of my finances at one mutual-fund company (Vanguard). Is there any possibility that I could wake up one morning and find out that a cyberthief has completely wiped me out?—Rita M., via e-mail A. Cybertheft of mutual-fund assets is rare so far, although hackers ar...
by tadamsmar
Wed Feb 01, 2017 1:53 pm
Forum: Investing - Help with Personal Investments
Topic: Best Proxy Symbol for TSP G Fund
Replies: 11
Views: 1439

Re: Best Proxy Symbol for TSP G Fund

VISBX Average effective maturity 2.0 years VFISX Average effective maturity 2.4 years. 'The Treasury securities used in the G Fund rate calculation have a weighted average maturity of approximately 11 years." https://www.tsp.gov/PDF/formspubs/tsplf14.pdf And, the G fund gives you the rate at th...
by tadamsmar
Wed Feb 01, 2017 7:47 am
Forum: Investing - Help with Personal Investments
Topic: Best Proxy Symbol for TSP G Fund
Replies: 11
Views: 1439

Re: Best Proxy Symbol for TSP G Fund

TimeRunner wrote:I don't know if it's the best, but I use VSIBX as the proxy when needed - Vanguard Short-Term Government Bond Index Fund Institutional Shares. There really isn't anything else like the G Fund that I know of.


VISBX is an international bond index. Did you mean VFISX?
by tadamsmar
Sun Jan 29, 2017 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: Best Proxy Symbol for TSP G Fund
Replies: 11
Views: 1439

Re: Best Proxy Symbol for TSP G Fund

I don't think there is a good proxy symbol for the G Fund. It's not like AGG or BND bond fund because it never loses value. AGG and BND are good proxies for the F Fund, not the G fund. VSBIX is more stable than AGG, but it's return is a good bit lower than that of the G Fund. The only portfolio anal...
by tadamsmar
Sun Jan 29, 2017 1:55 pm
Forum: Investing - Theory, News & General
Topic: Is rebalancing bunk?
Replies: 51
Views: 3225

Re: Is rebalancing bunk?

If you look at investing in terms of the Kelly Criteria (the subject of the book Fortune's Formula ]), rebalancing amounts to ensuring that you keep betting the same fraction of your stock allocation year after year. You don't let your fraction increase or decrease based on the sequence of past winn...
by tadamsmar
Sun Jan 29, 2017 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: SWR Logic [Safe Withdrawal Rate]
Replies: 28
Views: 2335

Re: SWR Logic

Perhaps the the biggest bias in the Trinity Study that it is based on the single most successful national stock market of the 20th Century. It's not possible to engage in more extreme cherry picking than this. Bingo. While I agree with your point, I think you are overstating your case. The US was n...
by tadamsmar
Sat Jan 28, 2017 7:33 pm
Forum: Personal Consumer Issues
Topic: Carribean island most like Hawaii
Replies: 63
Views: 7490

Re: Carribean island most like Hawaii

Puerto Rico is good. Melones beach in Culebra has the best snorkeling I have found north of Bonaire and Vieques has good snorkeling.

St. Croix has some good snorkeling and some good hiking.
by tadamsmar
Sat Jan 28, 2017 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: SWR Logic [Safe Withdrawal Rate]
Replies: 28
Views: 2335

Re: SWR Logic

The Trinity Study was based on total return and 4% meant 4% of the nest egg at retirement. This 4% withdrawal rate was inflation-adjusted for the years after the first year of retirement. In that study, there was a detectable 30-year failure rate for any integral value above 3%. Perhaps the the bigg...
by tadamsmar
Sat Jan 28, 2017 10:10 am
Forum: Investing - Theory, News & General
Topic: Is rebalancing bunk?
Replies: 51
Views: 3225

Re: Is rebalancing bunk?

That article does not even mention the main reason Bogleheads re-balance. Also, the article used the term mean reversion without defining it. It has multiple meanings. The only goal the article discusses is getting a larger return. But you can get that by increasing your risk to a pretty high level....
by tadamsmar
Wed Jan 18, 2017 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard on finding a dead person's password
Replies: 86
Views: 7033

Re: Vanguard on finding a dead person's password

How could the executor file final income tax returns, and possibly an estate tax return, if they were not given some level of access to all account records? I think some on here are confusing the decedents total estate with their probate estate. They can, but some institutions require the executor/...
by tadamsmar
Wed Jan 18, 2017 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard on finding a dead person's password
Replies: 86
Views: 7033

Re: Vanguard on finding a dead person's password

There was a old man from North Skate
Who's beneficiary was the Estate
His widow got nothing
His creditors were puffing
And his executor did not need to work late.
by tadamsmar
Wed Jan 18, 2017 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard on finding a dead person's password
Replies: 86
Views: 7033

Re: Vanguard on finding a dead person's password

...Thus, other than if the estate is so large that it is subject to estate taxes on what is passing on to the heirs, I do not see why the executor would be concerned about beneficiaries getting to the funds first. Although I don't remember all the laws for the order in which debts must be paid if t...
by tadamsmar
Wed Jan 18, 2017 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard on finding a dead person's password
Replies: 86
Views: 7033

Re: Vanguard on finding a dead person's password

I also see no need for every beneficiary to contact them. The executor or trustee can do it. Imagine the mess one beneficiary can make if he calls and sends in the death certificate for assets subject to probate or meant to be used to pay off debts first. I am finding it difficult to imagine how re...
by tadamsmar
Wed Jan 18, 2017 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard on finding a dead person's password
Replies: 86
Views: 7033

Re: Vanguard on finding a dead person's password

Spirit Rider wrote:
Where did I say winner claim all.


What does that mean? Who's is the winner and what did they win?
by tadamsmar
Wed Jan 18, 2017 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard on finding a dead person's password
Replies: 86
Views: 7033

Re: Vanguard on finding a dead person's password

Some financial institutions will not release the beneficiary name to anyone including the executor/administrator. That seems appropriate, since account funds with a named beneficiary are never, at any point, transferred to the estate, so the executor/administrator has nothing to do with it. Right?
by tadamsmar
Wed Jan 18, 2017 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard on finding a dead person's password
Replies: 86
Views: 7033

Re: Vanguard on finding a dead person's password

If it is not known for sure likely beneficiaries can claim and then the "winner" gets the account. Could you please explain? Are you saying that a financial institution transferred money to someone who was not a beneficiary of an account? Or are you saying that the beneficiary was the est...
by tadamsmar
Wed Jan 18, 2017 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard on finding a dead person's password
Replies: 86
Views: 7033

Re: Vanguard on finding a dead person's password

I also see no need for every beneficiary to contact them. The executor or trustee can do it. Imagine the mess one beneficiary can make if he calls and sends in the death certificate for assets subject to probate or meant to be used to pay off debts first. I am finding it difficult to imagine how re...
by tadamsmar
Wed Jan 18, 2017 7:52 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard on finding a dead person's password
Replies: 86
Views: 7033

Re: Vanguard on finding a dead person's password

I also see no need for every beneficiary to contact them. The executor or trustee can do it. Imagine the mess one beneficiary can make if he calls and sends in the death certificate for assets subject to probate or meant to be used to pay off debts first. I am finding it difficult to imagine how re...
by tadamsmar
Wed Jan 18, 2017 5:53 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard on finding a dead person's password
Replies: 86
Views: 7033

Re: Vanguard on finding a dead person's password

I also see no need for every beneficiary to contact them. The executor or trustee can do it. Imagine the mess one beneficiary can make if he calls and sends in the death certificate for assets subject to probate or meant to be used to pay off debts first. Is there some process by which the dead per...
by tadamsmar
Tue Jan 17, 2017 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard on finding a dead person's password
Replies: 86
Views: 7033

Re: Vanguard on finding a dead person's password

This link:

https://investor.vanguard.com/inherit/

implies that what you need to deal with a dead person's account is their name, address, the last 4 digits of the SS number, and a death certificate.

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