Bogleheads.org

buhlaxtus

idmcrick wrote: ↑Wed Mar 03, 2021 9:39 pm recognizing your own missteps and acting on them can be invaluable

Sure. The point is, you don't have enough information to claim that you made a misstep.

buhlaxtus

Maybe 10 years isnt' long enough, but it's 25-35% of my entire investment timeline, which is significant to me. If 10 years isn't long enough, how long is? I'm with this person I think: a decade is not a long time period for tilting. if you're going to tilt you have to stick with it for life. Essen...

buhlaxtus

Is it that TIAA has had the use of your money for some considerable time already?

buhlaxtus

"Entire investing career" makes it sound like a long time, but it is only ten years. That is not long enough for you to know if the landscape has changed to the point that your strategy chosen ten years ago is no longer viable for the future.

buhlaxtus

The DAF will not accept donations with conditions attached.

They may indeed direct the money where you ask them to, including with specific instructions like directing it to a sub-fund or special purpose, but there is no requirement for them to do so and they do not commit to it.

buhlaxtus

bberris wrote: ↑Tue Mar 02, 2021 5:33 pm There's a place down the street that also advertises eternal life. Not so pricey though.

Oh, there's a price. It's just in other coin

buhlaxtus

Please let me know if you have anything to add, other than an opinion on the goal; I would truly appreciate feedback on the means to my end goal. If you have none, that's fine... You asked for financial advice, and it seems the advice you need is how to avoid cons. Ignoring the really obvious con f...

buhlaxtus

Cryonic preservation and indexed universal life policies are two separate and independent excellent scams to relieve you of your money. Neither is justified by making good decisions about your portfolio otherwise

buhlaxtus

GE's history is instructive https://www.streetinsider.com/dividend_history.php?q=GE

buhlaxtus

That's a sales pitch, not an argument. And no, it has no merit.

buhlaxtus

(3). Those are both low and not really distinguishable, practically speaking. The two companies will make slightly different decisions and timing as they track the index. The main thing is, tracking that index doesn't need a lot of turnover in the first place.

buhlaxtus

Step 0 is to make sure you don't have other, pretax money in traditional IRAs or similar that you'll have to deal with. Other than that, yes this is the procedure. I have not found it onerous.

buhlaxtus

Wannaretireearly wrote: ↑Mon Feb 22, 2021 1:37 am Here's a link that explains the LASER fund. I haven't got thru this yet...:
https://3dimensionalwealth.com/this-cou ... -tax-free/

That link explains nothing, it is obvious shilling. What is the actual thing you're asking about?

buhlaxtus

First question, what is it? If you don't even know that, then of course you shouldn't consider it.

buhlaxtus

In my experience the worst thing about the treasury direct account is having to click my password instead of typing it. It's annoying and dumb It is an effective countermeasure to keylogger attacks. One wonders what the other 80-90% of my financially important and security-conscious sites are doing...

buhlaxtus

In my experience the worst thing about the treasury direct account is having to click my password instead of typing it. It's annoying and dumb, but not enough so that I won't do it to get the sweet sweet inflation adjusted returns. Even if the returns are almost zero, like now.

buhlaxtus

Why does the length matter though? What we're measuring is whether one could stay the course or panic sell at the bottom. The length matters because after a year or three of steady expenses and lousy portfolio balance, some people start sleeping really badly, or worse, start needing to withdraw too...

buhlaxtus

Clearly it should go into your emergency fund, or bit coin

Personally I'd keep it in cash for now and use it to pay for the remodel. I see I'm not alone. Good luck!

buhlaxtus

You know this is firm "keep your mouth shut" territory

buhlaxtus

I am not against 100% equities. I am against 100% equities without understanding the risks and truly knowing one's risk tolerance. And you don't know your risk tolerance until a bear market occurs, even if you think you do. You can't. You can't possibly know how you'll react to an event that you've...

buhlaxtus

I live a relatively boring life, it won't change much with the new job. If I took the new job I will have more free time since I will be working much less, so that gives me the opportunity to travel more. Biggest change would be that I would not be able to save anything from my W-2 earnings. Makes ...

buhlaxtus

You have enough money to meet basic needs for the rest of your life, and you're bored out of your gourd. How much of your preferred luxuries will you actually have to cut if you take the big reduction in pay for a happier job? Maybe it's not a big deal. No one else cares how much money you make. Adv...

buhlaxtus

He is doing very well and any changes would be fine tuning. If he feels like getting into the whole trad-vs-roth, bonds-and-how-much, type of questions and do some research, great for him. If not there's no reason for him to bother.

buhlaxtus

That's how mine looks. Is the box checked for "Taxable amount not determined"?

buhlaxtus

That's me! I was just building up cash for a while, but then I started not liking to have so much cash around so I moved about 20% of it into a stock index fund. It's almost 30% now but I don't expect that to last :) I have the advantage of being extremely flexible about what I do with the money and...

buhlaxtus

I had my retirement money (not much at that time) in an actively managed fund with a reputable company (?) that had good talk. The fund crashed 50% and never recovered, unlike the actual market. By a couple years after the crash the fund didn't exist anymore. Just one of hundreds of examples of acti...

buhlaxtus

Wow, those options are not great. Yeah I would do exactly what you're suggesting if it was me.

buhlaxtus

So are you going to buy property and let people live there for free? I don't operate rentals so that I don't find myself balancing ethical and financial pressures when stuff like this happens. Anyone else can make that choice too. No property owner deserves to destroy someone else's life (as explic...

buhlaxtus

I had this happen one year. I'm not sure if I failed to drop it in the mail, or the IRS failed to receive it. Anyway, they sent me a letter a couple years later warning me that I was about to lose my opportunity to claim a refund. I had owed (and paid) tax so there was no getting a refund. I dug up ...

buhlaxtus

Everybody needs a place to live. Your lawyer should be able to tell you what you can do - if your lawyer isn't helping, perhaps you can find another one.

buhlaxtus

Ugh, all these gymnastics. There is nothing good about venting your combustion appliances into your house. It has been the source of cancer and death literally since humanity discovered fire.

buhlaxtus

Right now to isolate the problem, I only have Conversion portion from 1099-R entered in Turbotax Oh good, that helps. For the conversion 1099-R, I believe you need to change your answer to the question “did you convert your entire distribution?”. This sounds like it should be YES. I think so too. I...

buhlaxtus

spencer99 wrote: ↑Tue Feb 09, 2021 8:30 pm I didn't understand this well enough to foresee that I would initiate a frequent trading restriction

Haha, me either, or at least I wasn't paying attention. I was well into the whole business before the warning popped up and I put it down until later.

buhlaxtus

I recently managed this by waiting to change the employer portfolio until Vanguard's frequent trading window on the particular fund had passed. It was very easy :) Might not suit for all situations though, for instance I do not make frequent regular adjustments at Vanguard but more like once or twic...

buhlaxtus

I'm able to reach https://www.bogleheads.org , but not http://bogleheads.org . Not sure what's going on there.

buhlaxtus

The second portfolio is not very comparable to the first, and won't have the same value after 10 years, because it will soon veer away from the index weightings and there is no mechanism to rebalance it. It's got a whole different risk profile, investment strategy, ... the two approaches would be su...

buhlaxtus

So far you have said you DID recharacterize in 2020, and that you did NOT recharacterize in 2020. Which is it?

buhlaxtus

The question is important. Rollover, recharacterization, contribution, and conversion are all different things and are treated in different ways. First is to determine what you actually did, which I can't tell from what you've said so far. Seems you're saying one thing but your 1099-R is saying anot...

buhlaxtus

Things are not matching up here. (1) Why did you say you did a rollover? (2) Why does your 1099-R list a recharacterized amount?

buhlaxtus

Where I live both would certainly convey in the standard offer. Never hurts to be explicit though.

buhlaxtus

Three grand is a cheap price for good sleep, if you have the cash.

buhlaxtus

If they are all covered shares (bought 2012 or later) - just always use specific identification, and choose the shares you want to sell. Unlikely there's any reason to use the other metods.

buhlaxtus

Scam. Report to craigslist, don't respond.

buhlaxtus

Backdoor Roth needs form 8606. I don't know about foreign tax credit. Kind of sounds like you might need to fire this guy.

buhlaxtus

Yes, sell the dumb truck and buy a sensible car. No I am not opinionated, why do you ask?

buhlaxtus

The best way to protect yourself online is to use a reputable password manager , and make all your passwords unique strings of long random characters. Then, enable 2FA on all websites that support it. Doing so will not only be more secure but will also be more convenient that whatever it is you are...

buhlaxtus

egrets wrote: ↑Sun Dec 20, 2020 5:31 pm replace them with Very Simple smoke detectors that are not connected to the house electrical system and do not talk to each other

Don't do this. Yes the false positives are more annoying, but they are made this way (and now required to be this way by code) because it is considerably safer.

buhlaxtus

Look what happened with 2X and 3X ETFs. They don't do what they say (values change overnight). Also look what happened to oil ETFs. They didn't track the price of oil in recent extreme conditions. This is nonsense, these ETFs did and do exactly what is stated in the prospectus. Of course, it's nece...

buhlaxtus

Equitius wrote: ↑Sat Dec 19, 2020 6:58 am I despise it. It's a tracking mechanism I don't need or want. I have completely disabled it in Windows 10.

BTW, I have not had a virus in a decade or more.

... doubtful about that last bit

buhlaxtus

Step transaction concern is not a thing since https://www.irahelp.com/slottreport/irs ... ons-are-ok

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