Search found 495 matches

by ivk5
Mon Jan 21, 2019 2:33 am
Forum: Personal Consumer Issues
Topic: NY Times $1 per week digital
Replies: 26
Views: 2782

Re: NY Times $1 per week digital

"NY Times $1 per week digital"? No, sorry, you'd have to pay me a lot more than $1 per week. Agreed. Apparently I'm not allowed to post on here why that is, lets just say heavy bias. WSJ is higher quality journalism (in my opinion), and can be had for ~ $80 for 2 year subscription via Ebay. People ...
by ivk5
Sat Jan 19, 2019 7:45 am
Forum: Personal Finance (Not Investing)
Topic: Wire $50K Out of the Country
Replies: 15
Views: 1289

Re: Wire $50K Out of the Country

As noted by other posters, OP needs to provide the currency pair. Presumably USD to ???

TransferWise good for many but can sometimes do better. (Eg I do much better than TransferWise on CHF to USD using Revolut during business hours.)
by ivk5
Sat Jan 19, 2019 7:07 am
Forum: Personal Finance (Not Investing)
Topic: How to Get Competitive Quotes on O&G Tax Prep Fees
Replies: 17
Views: 976

Re: How to Get Competitive Quotes on O&G Tax Prep Fees

^ this whole post above makes my day
by ivk5
Wed Jan 16, 2019 3:47 pm
Forum: Investing - Help with Personal Investments
Topic: Variable annuity, a success story?
Replies: 42
Views: 2033

Re: Variable annuity, a success story?

Here are my takeaways: 1. Variable annuities are usually a bad deal. 2. Except when they aren't. I tend to agree with this, despite the fact that I have challenged the analysis on this one. There are other frequent posters who have made this point in past threads as well. However, 2a. They are comp...
by ivk5
Wed Jan 16, 2019 1:25 pm
Forum: Investing - Help with Personal Investments
Topic: Variable annuity, a success story?
Replies: 42
Views: 2033

Re: Variable annuity, a success story?

$50k to $100k in 10 years represents a guaranteed* 7.2% CAGR. Assuming that the 5% lifetime payout is a fair rate, I would definitely take the deal. The 5% lifetime payout is NOT a fair rate. This is how insurance companies get you. They sold the policy with a "guaranteed" 7.2% rate.. But then you ...
by ivk5
Wed Jan 16, 2019 10:04 am
Forum: Investing - Help with Personal Investments
Topic: Variable annuity, a success story?
Replies: 42
Views: 2033

Re: Variable annuity, a success story?

He was 51 when he purchased the annuity in 2010. Payout starts in 2020. Immediateannuity spits out a 10 year deferred annuity benefit of $4,560/yr for a 51 year old male purchasing today. I just checked 10 year Treasuries (which drive annuity payouts), their yield was similar or lower back in 2010 ...
by ivk5
Wed Jan 16, 2019 8:43 am
Forum: Investing - Help with Personal Investments
Topic: Variable annuity, a success story?
Replies: 42
Views: 2033

Re: Variable annuity, a success story?

Third, if annuitizing at a payout rate well below market is the only payout option, the “base value” (including the 100k floor) is just artful deception. At no time is that amount actually the “value” of his contract. Is 5% payout for a 61 year old below market? Why is the $100k floor not an in-the...
by ivk5
Wed Jan 16, 2019 2:52 am
Forum: Investing - Help with Personal Investments
Topic: Variable annuity, a success story?
Replies: 42
Views: 2033

Re: Variable annuity, a success story?

First, hindsight is 20/20. Actual results don’t change whether it was a good decision at the outset based on available facts. Second, the “market value” may be growth after higher-than-necessary expenses. Third, if annuitizing at a payout rate well below market is the only payout option, the “base v...
by ivk5
Tue Jan 15, 2019 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 564
Views: 60370

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

I - relooked at the Ally Deposit Account agreement and their are no maintenance fees mentioned nor account minimums (that I could find) so I assume it is okay to leave only $5 in an account with them tomorrow (or starting on 2/16 if you want to play it really safe)? I'm planning on keeping a Saving...
by ivk5
Thu Jan 10, 2019 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off a 30 year mortgage in 15 years? The cost of flexibility
Replies: 79
Views: 7612

Re: Pay off a 30 year mortgage in 15 years? The cost of flexibility

You do pay a cost for the flexibility. They are not talked about/promoted as often as 15 and 30 year mortgages, but there are other periods available, 10 year, 20 year, etc. I came accross this interesting statistic: Of all home mortgages, 90 % are 30 year, 6% 15 year, and only 2% the other. 12% ar...
by ivk5
Mon Jan 07, 2019 6:00 am
Forum: Investing - Help with Personal Investments
Topic: Need a US-based UK bond fund
Replies: 5
Views: 225

Re: Need a US-based UK bond fund

I don't think your problem is what you think it is. I think you're a currency speculator in denial. If the house sale proceeds are earmarked for a future liability that is EUR-denominated, then you have been a forex speculator by holding GBP instead of EUR, and you seem to want to continue to be a f...
by ivk5
Mon Dec 31, 2018 6:17 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth
Replies: 13
Views: 986

Re: Backdoor Roth

How much did you contribute to the new vanguard tira? Sounds like in aggregate you may have exceeded 2018 contribution limit? Rolling your other contribution into employer plan doesn't change the fact that it used up 4500 of your 2018 contribution limit.
by ivk5
Fri Dec 21, 2018 4:10 am
Forum: Investing - Help with Personal Investments
Topic: Another newbie investor who's feeling the pain and would like advice
Replies: 46
Views: 5157

Re: Another newbie investor who's feeling the pain and would like advice

miles dewey wrote:
Fri Dec 21, 2018 4:00 am
nadir
Language and thinking that implies a pattern or trend is based on the cognitive bias that you think you know the future as well as the past.

Start in the Getting Started section of the Wiki.
by ivk5
Thu Dec 20, 2018 3:08 pm
Forum: Investing - Theory, News & General
Topic: What’s the most comparable Vanguard ETF to VTI for TLH?
Replies: 7
Views: 301

Re: What’s the most comparable Vanguard ETF to VTI for TLH?

The simplest, as noted by acanthurus, is to look at similar ETFs from other fund families. Some options to consider, if you must stick to Vanguard for some reason: VOO = S&P 500 (if paired ~80/20 with the completion index VXF = Extended Market, it's essentially a synthetic VTI, though I'm comfortabl...
by ivk5
Thu Dec 20, 2018 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Converting two TIRAs, need two 8606 forms?
Replies: 11
Views: 394

Re: Converting two TIRAs, need two 8606 forms?

Just confirming- do you have prior year 8606 to track prior basis?
by ivk5
Tue Dec 18, 2018 5:23 am
Forum: Personal Finance (Not Investing)
Topic: Save me from tax liability
Replies: 22
Views: 1681

Re: Save me from tax liability

Yes, you could set up a solo 401k by the end of the year. +1 Do it today. Don't have to make the contribution by year-end, but you do have to get it opened. Lots of threads and blog posts comparing providers. Fine to stick with Vanguard if you don't have a need to roll in funds from tIRA (eg to fac...
by ivk5
Sat Dec 15, 2018 3:36 am
Forum: Investing - Help with Personal Investments
Topic: I made a mistake by not selling when the market was high this year
Replies: 153
Views: 19444

Re: I made a mistake by not selling when the market was high this year

I made another big mistake. I should have taken some gains earlier this year when I had the chance. It seems to me that 10 months of great growth for 2018 has been wiped out in the past few weeks. I don’t have a good question. Just wondering if anyone else is in the same boat. Is this the beginning...
by ivk5
Sun Dec 09, 2018 4:07 pm
Forum: Investing - Help with Personal Investments
Topic: Mutual Fund for UTMA Accounts
Replies: 15
Views: 668

Re: Mutual Fund for UTMA Accounts

Correct, from tax perspective, you can round trip into same fund when TGHing. Note that funds may have frequent trading restrictions though. (Sometimes there are workarounds.)
by ivk5
Fri Dec 07, 2018 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Roth conversion for backdoor: wait?
Replies: 25
Views: 1475

Re: Roth conversion for backdoor: wait?

If I'm thinking about this correctly, she would then be able to contribute $19,000 (2019+) after-tax into such a plan. No. Solo 401k contribution is also limited to ~20% of her self-employment earnings. No, the OP might have been incomplete, but you are incorrect. The maximum contributions to self-...
by ivk5
Fri Dec 07, 2018 8:11 am
Forum: Personal Finance (Not Investing)
Topic: Roth conversion for backdoor: wait?
Replies: 25
Views: 1475

Re: Roth conversion for backdoor: wait?

If I'm thinking about this correctly, she would then be able to contribute $19,000 (2019+) after-tax into such a plan. No. Solo 401k contribution is also limited to ~20% of her self-employment earnings. Corrected by Spirit Rider below She could also roll her current tIRA into this account, and then...
by ivk5
Fri Dec 07, 2018 7:05 am
Forum: Investing - Help with Personal Investments
Topic: Capital Gain and Tax Loss Harvesting
Replies: 10
Views: 797

Re: Capital Gain and Tax Loss Harvesting

Agree with harvesting long-term gains up to the top of the 0% LTCG limit, as long as there are no other hidden tax impacts (eg MAGI-dependent credits). No need to worry about waiting periods or “substantially identical” as one does with TLH. Just need to watch out for frequent trading restrictions i...
by ivk5
Fri Dec 07, 2018 1:26 am
Forum: Investing - Help with Personal Investments
Topic: Wanting to buy on the dip today didn't workout
Replies: 44
Views: 6035

Re: Wanting to buy on the dip today didn't workout

This is where crypto should come in, IMO. Four days to turnover my money is ridiculous. Crypto can transfer money in more seconds...that's the entire theory behind it! Now you’re just trolling. If you want to make the system work for you, you need to learn how it works. Or buy and hold and focus th...
by ivk5
Thu Dec 06, 2018 2:36 pm
Forum: Investing - Help with Personal Investments
Topic: Wanting to buy on the dip today didn't workout
Replies: 44
Views: 6035

Re: Wanting to buy on the dip today didn't workout

That is true with funds. However it appears the OP was evidently trying to sell a T+2 position (individual stock, ETF, etc). Of course this is just speculation since OP hasn't provided that information. Which, if you read the fifth post in the thread, is exactly what I told him. Ah- indeed it is! :...
by ivk5
Thu Dec 06, 2018 2:33 pm
Forum: Investing - Help with Personal Investments
Topic: Wanting to buy on the dip today didn't workout
Replies: 44
Views: 6035

Re: Wanting to buy on the dip today didn't workout

if we sold our position in the taxable account What was the position? trying your best to save money the smartest way possible...which means buying the dip. On which scroll is that written? Does Vanguard not have a "sell to buy" choice? It's how I rebalance at Fidelity. Zero time out of market. The...
by ivk5
Thu Dec 06, 2018 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Realize Losses vs Pay More Taxes
Replies: 7
Views: 711

Re: Realize Losses vs Pay More Taxes

or he may be trying to get enough losses to deduct from a high income year Probably not this, since OP will only be able to deduct $3K of capital losses against earned income. My guess is OP's investment income includes significant capital gains (from sales and/or CG distributions). Accountant may ...
by ivk5
Thu Dec 06, 2018 8:08 am
Forum: Investing - Help with Personal Investments
Topic: Tax/investment advice for charity worker.
Replies: 4
Views: 533

Re: Tax/investment advice for charity worker.

I'm not knowledgeable about ACA MAGI so you'll want to research that yourself or wait for others to comment. In general TLHing will reduce your regular AGI up to the amount of your other gains plus $3k; additional losses get carried over to the next year. In other words, assuming same LTCG distribut...
by ivk5
Thu Nov 29, 2018 8:04 am
Forum: Personal Consumer Issues
Topic: Guy's Western US Ski Trip - suggestions?
Replies: 44
Views: 2481

Re: Guy's Western US Ski Trip - suggestions?

Breckenridge.
by ivk5
Thu Nov 29, 2018 4:06 am
Forum: Investing - Help with Personal Investments
Topic: TLH (tax loss harvest) Question when TLH Partner Gains
Replies: 6
Views: 620

Re: TLH (tax loss harvest) Question when TLH Partner Gains

Add new funds where you have the highest basis existing lots, assuming that won’t cause a wash (won’t in your case). In the next downswing, you may be able to TLH those pre-existing lots together with the newer ones. If you add new funds elsewhere (VTIAX in your case) you risk blocking a potential T...
by ivk5
Thu Nov 29, 2018 3:39 am
Forum: Personal Finance (Not Investing)
Topic: UK pension considerations for US resident
Replies: 6
Views: 627

Re: UK pension considerations for US resident

I know a US citizen/resident who receives a UK pension of few hundred pounds a month after having worked there for 5-6 yrs. The pension accumulates in a UK bank. Every few years this person takes a nice trip to the UK funded by the pension. I don’t know the specifics but there may be a rule that sa...
by ivk5
Wed Nov 28, 2018 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: 25k Bonus - Tax Consequences?
Replies: 20
Views: 2370

Re: 25k Bonus - Tax Consequences?

There are no tax consequences besides the obvious: 1. FICA will take out 7.65% (1.45% if you are already above 118-120k or whatever) FYI: the limits are higher now 2018 max for SS is $128.4k 2019 is $132.9k Holy crap! A big jump from 118.5 in 2016. They must be hurting for money, but what happens w...
by ivk5
Tue Nov 20, 2018 10:14 am
Forum: Investing - Help with Personal Investments
Topic: Investing in the market as it trends down.
Replies: 9
Views: 973

Re: Investing in the market as it trends down.

I know this is, in a way, a market-timing question, but just curious on the approach to investing a large chunk of money with the market trending down. By “trending down” I think you meant that the market has declined somewhat from recent peaks - past tense. Neither you nor anyone else knows how it...
by ivk5
Tue Nov 20, 2018 8:24 am
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting - how much?
Replies: 13
Views: 1005

Re: Tax loss harvesting - how much?

I have some shares I want to sell that are STCG loss. I know I can offset $3k against my income - can I also offset dividends I received over the year, and distributions from VTSAX? Dividends are income. I think that was pretty clearly not the question. Losses offset CG up to the lesser of the gain...
by ivk5
Tue Nov 20, 2018 4:43 am
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting - how much?
Replies: 13
Views: 1005

Re: Tax loss harvesting - how much?

I have some shares I want to sell that are STCG loss. I know I can offset $3k against my income - can I also offset dividends I received over the year, and distributions from VTSAX? The more the merrier, they rollover to next year. You’ll offset short and longterm gains first, then any leftover wil...
by ivk5
Tue Nov 20, 2018 3:09 am
Forum: Investing - Theory, News & General
Topic: Why do people think CD rates will keep going up?
Replies: 57
Views: 7920

Re: Why do people think CD rates will keep going up?

2 years is the sweet spot if you're talking about duration risk and return. It's not necessarily the sweet spot if you factor in reinvestment risk. The people who are only getting a few extra bps for their 5- and 10-year bonds are also getting a longer period of protection against a recession and t...
by ivk5
Mon Nov 19, 2018 6:22 am
Forum: Investing - Theory, News & General
Topic: Why do people think CD rates will keep going up?
Replies: 57
Views: 7920

Re: Why do people think CD rates will keep going up?

Dollars are fungible of course, but I would look at this as a liability driven investment and buy duration that matches the timing of the liability, regardless of term premium and yield curve. It’s unclear from the thread but my impression is that it’s a guaranteed loss vs paying off today (consider...
by ivk5
Mon Nov 19, 2018 2:34 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth rolling Trad IRA to 401K To Unblock
Replies: 4
Views: 363

Re: Backdoor Roth rolling Trad IRA to 401K To Unblock

Yes, assuming no other IRAs in your name.

The pedants may point out that there are no rules for backdoor Roth per se, because it’s not a “thing”; it’s an informal, colloquial term.
by ivk5
Sat Nov 17, 2018 2:14 pm
Forum: Investing - Help with Personal Investments
Topic: LOST OVER $400 on CDs in 2 Weeks!
Replies: 24
Views: 4434

Re: LOST OVER $400 on CDs in 2 Weeks!

10 year CDs don’t seem to be a very good buy right now. Can you explain your thinking on why you went so long? Just a guess: because of (trivially) higher yield, without regard for / understanding of term risk. OP seems to have jumped into brokered CDs without much understanding of them or of the f...
by ivk5
Wed Nov 14, 2018 12:14 am
Forum: Investing - Help with Personal Investments
Topic: Looking to invest 80k for 3-5 years
Replies: 12
Views: 1746

Re: Looking to invest 80k for 3-5 years

PaleoWorx wrote:
Tue Nov 13, 2018 6:49 pm
if you invest, would you be ok with unexpectedly losing 50% of your investment due to 'unannounced' recession ?
proceed according to your answer
Most would not recommend taking equity risk with funds needed in this timeframe.
by ivk5
Tue Nov 13, 2018 5:43 pm
Forum: Investing - Help with Personal Investments
Topic: Looking to invest 80k for 3-5 years
Replies: 12
Views: 1746

Re: Looking to invest 80k for 3-5 years

state of residence and marginal state/federal tax rates?

Do you know how to calculate Tax equivalent yields so you can compare munis, treasuries, and taxable options?
by ivk5
Sun Nov 11, 2018 3:46 pm
Forum: Personal Consumer Issues
Topic: International Travel during Maternity/Paternity
Replies: 86
Views: 3741

Re: International Travel during Maternity/Paternity

I don’t disagree with all the replies saying you need to stay flexible, keep an open mind, see how Baby is, and see how YOU both are as parents. None of this can be predicted. That said, we spent 5 wks in Montreal starting when our son was 2 months old. My wife is an academic and used that time to d...
by ivk5
Fri Nov 09, 2018 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 564
Views: 60370

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

I just wish there were a way to avoid getting the snail mail packet for each newly opened CD.
by ivk5
Thu Nov 08, 2018 1:48 pm
Forum: Personal Consumer Issues
Topic: United MileagePlus - Confused and looking for cheaper options
Replies: 26
Views: 2134

Re: United MileagePlus - Confused and looking for cheaper options

Everyone’s situation is different of course but I think most would consider this a poor value for your miles.
by ivk5
Wed Nov 07, 2018 7:39 am
Forum: Investing - Help with Personal Investments
Topic: Move savings to Prime Money Market Fund (VMMXX)
Replies: 55
Views: 8016

Re: Move savings to Prime Money Market Fund (VMMXX)

Kkgbear wrote:
Wed Nov 07, 2018 7:35 am
VMMXX has an expense fee. Does your online savings have any fees?
The quoted yields are net of fees.
by ivk5
Wed Nov 07, 2018 5:27 am
Forum: Investing - Theory, News & General
Topic: This man can predict when bubbles burst: time to time the market?
Replies: 145
Views: 10845

Re: This man can predict when bubbles burst: time to time the market?

I’m just not sure what any of that has to do with how Steve manages his anxiety, or his portfolio.
by ivk5
Wed Nov 07, 2018 3:41 am
Forum: Investing - Theory, News & General
Topic: This man can predict when bubbles burst: time to time the market?
Replies: 145
Views: 10845

Re: This man can predict when bubbles burst: time to time the market?

Contrary to Fama's postulate that bubbles do not exist because of EMH, Didier Sornette shows that they do, and he apparently can predict when they burst (in this video he says he predicted the time the stock market crashed in China): https://www.ted.com/talks/didier_sornette_how_we_can_predict_the_...
by ivk5
Wed Nov 07, 2018 3:09 am
Forum: Investing - Theory, News & General
Topic: This man can predict when bubbles burst: time to time the market?
Replies: 145
Views: 10845

Re: This man can predict when bubbles burst: time to time the market?

Contrary to Fama's postulate that bubbles do not exist because of EMH, Didier Sornette shows that they do, and he apparently can predict when they burst (in this video he says he predicted the time the stock market crashed in China): https://www.ted.com/talks/didier_sornette_how_we_can_predict_the_...
by ivk5
Wed Nov 07, 2018 2:50 am
Forum: Investing - Help with Personal Investments
Topic: Move savings to Prime Money Market Fund (VMMXX)
Replies: 55
Views: 8016

Re: Move savings to Prime Money Market Fund (VMMXX)

Just do it. Lots of us have. Lots of threads on this which you’ll find readily with a quick search. No tax issues with reinvestment of distributions since NAV is constant $1 for money mkt funds (no lot tracking / cap gains reporting).

I’d still be there if not for the Ally promo...
by ivk5
Wed Nov 07, 2018 1:57 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 564
Views: 60370

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

If you click on the "Terms & Conditions" link near the bottom of that email, it takes you to http://allypaybacktime.com, where they state that the new fund deposit timeframe was between 10/08/18 and 11/05/18. You’d think this isn’t so hard to get right... (I double checked, my money was in before 1...
by ivk5
Tue Nov 06, 2018 2:42 pm
Forum: Investing - Theory, News & General
Topic: This man can predict when bubbles burst: time to time the market?
Replies: 145
Views: 10845

Re: This man can predict when bubbles burst: time to time the market?

I suffer from anxiety and I am afraid of huge losses in my investments. ... So I am looking for ways to manage my anxiety in this, including by researching serious methods of risk management. This reflects great self-awareness. And also perhaps a bit of a blind spot. Perhaps “serious methods of ris...