Search found 678 matches

by ivk5
Sat Jun 15, 2019 2:00 pm
Forum: Personal Investments
Topic: IRA allocation
Replies: 4
Views: 497

Re: IRA allocation

Welcome and congrats on being off to such a good start. A few quick comments to get you and your thread going. There’s an “Asking Portfolio Questions” sticky that gives a standard posting format for queries like this. You’re not far off but one important piece of missing info is desired asset alloca...
by ivk5
Wed Jun 12, 2019 3:51 am
Forum: Personal Finance (Not Investing)
Topic: How to preserve $10M+ in wealth owned by unsophisticated people?
Replies: 82
Views: 14403

Re: How to preserve $10M+ in wealth owned by unsophisticated people?

TLDR, except for.... How to preserve $10M+ in wealth owned by unsophisticated people? Lol, I'm not the unsophisticated person .... ... Here's the problem: everybody in my family (except me! ;-p) is very unsophisticated about investing .... ... Any advice appreciated. 1) Whenever people insist they ...
by ivk5
Mon Jun 10, 2019 3:04 pm
Forum: Investing - Theory, News & General
Topic: CD vs Treasury Spread
Replies: 13
Views: 1937

Re: CD vs Treasury Spread

The $250k FDIC CD limit has workarounds and is only infeasible for medium to large institutional investors. I think that this is a limit to arbitrage and partly explains the spread. This is the explanation I’ve heard. IOW banks need to pay higher rates to compete for more limited supply of retail d...
by ivk5
Sun Jun 09, 2019 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Checks without my account number
Replies: 39
Views: 3837

Re: Checks without my account number

Your bank’s bill pay service is functionally similar, unless you find yourself in situations where you need to physically hand someone a check (has not happened to me in a decade or more).
by ivk5
Sat Jun 08, 2019 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Where to Purchase Defined Benefit Plan
Replies: 13
Views: 1362

Re: Where to Purchase Defined Benefit Plan

Check out white coat investor, he has written a fair amount on setting up DBPs/cash balance plans including I think discussion of some specific providers.
by ivk5
Thu Jun 06, 2019 2:30 am
Forum: Personal Investments
Topic: You Invest by JP Morgan Chase
Replies: 159
Views: 21501

Re: You Invest by JP Morgan Chase

classicindexer wrote:
Wed Jun 05, 2019 8:28 pm
One 401k has a fund w/o a ticker so that is tracked by dollar amount and has to always be manually updated.
OT but my solution to that is to list the holding using a publicly available fund/ETF ticker tracking same index and an artificial share count to solve for $. Tracks very closely.
by ivk5
Wed Jun 05, 2019 1:58 am
Forum: Personal Finance (Not Investing)
Topic: Estimated State Tax Payments When Moving
Replies: 2
Views: 192

Re: Estimated State Tax Payments When Moving

Do a pro forma (estimate) of your 2019 part-year resident return to get a sense of expected liability.

And/or lookup what the safe harbor rules are for OR if applicable and make sure your estimated payments cover that, then you can settle up the balance when you file the return.
by ivk5
Wed May 22, 2019 11:23 pm
Forum: Investing - Theory, News & General
Topic: How does the charitable fund deduction work?
Replies: 20
Views: 1036

Re: How does the charitable fund deduction work?

Also note can’t make QCDs to a DAF.
by ivk5
Wed May 22, 2019 1:17 am
Forum: Investing - Theory, News & General
Topic: How does the charitable fund deduction work?
Replies: 20
Views: 1036

Re: How does the charitable fund deduction work?

Note that above comments are assuming gain is long-term. If short-term, you can only deduct your basis.
by ivk5
Sun May 19, 2019 6:19 am
Forum: Personal Finance (Not Investing)
Topic: Self Employment Taxes
Replies: 3
Views: 297

Re: Self Employment Taxes

No, you do not. The reconciliation is performed on the taxpayer’s return.

Also, have them research safe harbor for estimated tax payments.
by ivk5
Sat May 18, 2019 3:47 pm
Forum: Investing - Theory, News & General
Topic: Bonds beyond Total Bond Market - Anyone ?
Replies: 47
Views: 3487

Re: Bonds beyond Total Bond Market - Anyone ?

Mostly total bond mkt. Started buying iBonds in 2018-19 - interesting to me due to their unusual combination of features (hedge unexpected inflation, hedge deflation, expand tax-deferred space). If I’m wrong, downside is modest. Also some low-EWP CD, MM, ultrashort corporate fund but these are semi-...
by ivk5
Sat May 18, 2019 1:38 pm
Forum: Personal Investments
Topic: 4.50% Callable CD vs Bonds
Replies: 11
Views: 2343

Re: 4.50% Callable CD vs Bonds

It might be important to know what the “step up” feature is and how it works, since a big risk on a long term CD is rising rates as noted by prior poster.
by ivk5
Wed May 15, 2019 3:26 am
Forum: Personal Consumer Issues
Topic: Traveling to Europe on Green Card
Replies: 12
Views: 999

Re: Traveling to Europe on Green Card

From experience: - Award ticket (ie booked using miles) is fine if that’s your thing. Does not need to be a paid ticket. - Ticket does not need to be valid at time of visa application. Counterintuitive, I know, but I’ve never found anything to the contrary in consular rules. Anyway they do not check...
by ivk5
Sun May 12, 2019 5:59 am
Forum: Personal Consumer Issues
Topic: What to know before moving all my belongings into storage?
Replies: 19
Views: 1849

Re: What to know before moving all my belongings into storage?

Re IKEA/Target furniture. Anything made of particleboard/MDF I would freecycle or discard, which maybe most or all of that furniture.
by ivk5
Sat May 11, 2019 3:26 pm
Forum: Personal Consumer Issues
Topic: What to know before moving all my belongings into storage?
Replies: 19
Views: 1849

Re: What to know before moving all my belongings into storage?

Get rid of as much as humanly possible, then put the real important/hard to replace items in storage. +1 Everyone’s different of course. First time we put everything we had into storage, we were going overseas for a year or two. That turned into 5 years. When we got everything out, we tossed a lot,...
by ivk5
Sat May 11, 2019 6:52 am
Forum: Personal Finance (Not Investing)
Topic: Term4Sale callbacks trying to upsell?
Replies: 25
Views: 1805

Re: Term4Sale callbacks trying to upsell?

Remember in real terms a single level term policy actually has a declining benefit due to inflation. IOW inflation is doing some of the work for you. While laddering 10 policies is impractical, laddering two (of different durations) is reasonable and common. I’ve split my coverage 50/50 btw 20y and ...
by ivk5
Fri May 10, 2019 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 185
Views: 15203

Re: Relationship mortgage discounts for moving a million assets

I suppose the answer to your question depends on your personal ethics... Ethics? You're dealing with a bank and playing by the rules of the contracts and offers that they offer you. Banks have no hesitation to use the terms of contracts to their advantage and neither should individuals. If there's ...
by ivk5
Fri May 10, 2019 1:48 pm
Forum: Investing - Theory, News & General
Topic: Put 100% of Equities in Roth and Taxable?
Replies: 17
Views: 1117

Re: Put 100% of Equities in Roth and Taxable?

That’s what we have done, based on recommendations here on BH. ETA: what is the contrary view? If you aren't old enough to access you tax deferred accounts without penalty you might need to keep enough cash for an emergency fund. Would only apply to low turnover index funds. Do dividends matter. An...
by ivk5
Thu May 09, 2019 8:27 am
Forum: Personal Investments
Topic: 35 and 33 years old, 2 kids: Please advise on Asset Allocation/Tax Efficiency/Risk Minimization/Loan Repayment
Replies: 9
Views: 1540

Re: 35 and 33 years old, 2 kids: Please advise on Asset Allocation/Tax Efficiency/Risk Minimization/Loan Repayment

Not one of your questions but just to flag in case you are not aware - your investments in Ireland bring an added compliance burden now that you are a US tax resident. Make sure you are aware of reporting requirements for non-US assets (FBAR/FinCEN), and PFIC requirements if you hold any non-US fund...
by ivk5
Sat May 04, 2019 3:18 pm
Forum: Personal Investments
Topic: Too much stock!
Replies: 10
Views: 1607

Re: Too much stock!

I missed that OP has individual stock positions. Agree with stinky, I’d start selling (highest basis first) to shift to target portfolio. If making charitable gifts, substitute lowest basis shares for cash (DAF helps facilitate).
by ivk5
Sat May 04, 2019 2:22 pm
Forum: Personal Investments
Topic: Combining Roth IRAs from different sources?
Replies: 13
Views: 752

Re: Combining Roth IRAs from different sources?

My understanding was that all Roth accounts are effectively combined for purposes of applying distribution ordering rules. Perhaps I misunderstood. (Hasn’t ever been relevant for me personally.)
by ivk5
Sat May 04, 2019 2:06 pm
Forum: Personal Investments
Topic: Too much stock!
Replies: 10
Views: 1607

Re: Too much stock!

Reallocate in tax-deferred accounts (401k and/or IRA).

Equities are more tax-efficient for your taxable account anyway.
by ivk5
Sat May 04, 2019 2:04 pm
Forum: Personal Investments
Topic: How to decide on asset allocation? Overwhelmed by information online
Replies: 40
Views: 4074

Re: How to decide on asset allocation? Overwhelmed by information online

Watty wrote:
Sat May 04, 2019 1:57 pm
For example if you retire in about 2035 when you are 65
With no earned income OP may already be effectively retired, at least for conservative planning purposes.
by ivk5
Thu May 02, 2019 10:23 am
Forum: Personal Investments
Topic: Owning 2 accounts of Roth ira
Replies: 18
Views: 1614

Re: Owning 2 accounts of Roth ira

Pebbles555 wrote:
Thu May 02, 2019 10:08 am
I thought bonds are ok to put in ira whether in traditional or roth ira. Would it be ok for me to buy bonds in taxable account? I am new in investment and i am just starting to invest.
Thank you.
See wiki link above.
by ivk5
Thu May 02, 2019 10:22 am
Forum: Non-US Investing
Topic: Downshift ("Barista FI") while consulting and raising kids? [Switzerland]
Replies: 77
Views: 5913

Re: Downshift ("Barista FI") while consulting and raising kids? [Switzerland]

FWIW, there is no employer-provided healthcare in Switzerland - everyone buys individual policies on an ACA-like regulated marketplace and costs are affordable. Also, don't think OP has indicated their or spouse's nationality(ies). If from a neighboring country eg, "expat" may be an overstatement. (...
by ivk5
Thu May 02, 2019 9:59 am
Forum: Non-US Investing
Topic: Downshift ("Barista FI") while consulting and raising kids? [Switzerland]
Replies: 77
Views: 5913

Re: Downshift ("Barista FI") while consulting and raising kids? [Switzerland]

I kinda don't get the point of this thread. The OP is asking us to judge them, but they shouldn't care whether they are judged by strangers nor friends. FWIW, I enjoyed life while raising kids. I even cut my income in half when they were in their early teens and earned even less later on. He's righ...
by ivk5
Thu May 02, 2019 4:09 am
Forum: Non-US Investing
Topic: My Life as a Japanese Investor
Replies: 13
Views: 2530

Re: My Life as a Japanese Investor

How do you deal with the complicated PFIC tax reporting requirements? I do all the normal PFIC/FATCA reporting in my 1040. Curious to know more about this, we don't hear from many Form 8621 filers and conventional wisdom is just to avoid it by holding only US domiciled funds (thus foregoing opportu...
by ivk5
Thu May 02, 2019 2:09 am
Forum: Personal Investments
Topic: Owning 2 accounts of Roth ira
Replies: 18
Views: 1614

Re: Owning 2 accounts of Roth ira

No need to sell. Do the transfer in-kind. And definitely don’t withdraw (take a distribution).

Most here would advise against bonds in Roth. See wiki re tax-efficient funds placement (EDIT: link).
by ivk5
Wed May 01, 2019 1:30 pm
Forum: Personal Investments
Topic: Negative/Subtractive Indexes?
Replies: 23
Views: 791

Re: Negative/Subtractive Indexes?

m@ver1ck wrote:
Wed May 01, 2019 11:51 am
Pretty much all into the 3 fund portfolio...
Perhaps OT but this does not appear to be accurate.
by ivk5
Wed May 01, 2019 7:35 am
Forum: Personal Investments
Topic: Owning 2 accounts of Roth ira
Replies: 18
Views: 1614

Re: Owning 2 accounts of Roth ira

lakpr wrote:
Wed May 01, 2019 7:32 am
Just curious, why not add to the same account at Fidelity instead of opening at Vanguard?
Or move the fidelity acct to Vanguard?
by ivk5
Tue Apr 30, 2019 12:48 pm
Forum: Personal Investments
Topic: When does IRS payment post to my account? [Pay1040.com, EFTPS]
Replies: 15
Views: 1145

Re: When does IRS payment post to my account? [Pay1040.com, EFTPS]

confusedinvestor wrote:
Tue Apr 30, 2019 10:01 am
How did you get your refund in I-bonds ? Is that even possible ?
Lookup Form 8888 or see https://www.irs.gov/refunds/using-your- ... ings-bonds
by ivk5
Tue Apr 30, 2019 2:50 am
Forum: Non-US Investing
Topic: Downshift ("Barista FI") while consulting and raising kids? [Switzerland]
Replies: 77
Views: 5913

Re: Downshift ("Barista FI") while consulting and raising kids? [Switzerland]

A few thoughts on the financials: - I agree with limiting withdrawal rate to 3% at your age - Depending on mortgage terms, given deflationary environment for CHF I might be tempted to pay it off I also like the idea of paying off the mortgage. The challenge is to find a mental model in which it is ...
by ivk5
Tue Apr 30, 2019 2:19 am
Forum: Non-US Investing
Topic: Downshift ("Barista FI") while consulting and raising kids? [Switzerland]
Replies: 77
Views: 5913

Re: Downshift ("Barista FI") while consulting and raising kids? [Switzerland]

Downshifting a bit seems like a no brainer in Switzerland where even salaried workers sometimes work less than 100%. As you know it’s quite common for people to arrange a schedule where they have a day, day and a half, or even two days a week off, with pay prorated commensurately. So you would be i...
by ivk5
Tue Apr 30, 2019 1:54 am
Forum: Non-US Investing
Topic: Downshift ("Barista FI") while consulting and raising kids? [Switzerland]
Replies: 77
Views: 5913

Re: Downshift ("Barista FI") while consulting and raising kids? [Switzerland]

Downshifting a bit seems like a no brainer in Switzerland where even salaried workers sometimes work less than 100%. As you know it’s quite common for people to arrange a schedule where they have a day, day and a half, or even two days a week off, with pay prorated commensurately. So you would be in...
by ivk5
Sun Apr 28, 2019 1:22 pm
Forum: Personal Investments
Topic: ~150 K: Lump Sum vs DCA
Replies: 11
Views: 886

Re: ~150 K: Lump Sum vs DCA

I know this topic has been deliberated to death, multiple times already. I have already read most of these threads. My question is slightly different. Yes, it has; no, it’s not. Both market-timing and lump sum vs DCA have been treated fairly exhaustively in other threads. It’s hard to imagine there...
by ivk5
Sun Apr 28, 2019 9:32 am
Forum: Personal Consumer Issues
Topic: How much cash in London?
Replies: 54
Views: 3294

Re: How much cash in London?

Seasonal wrote:
Sun Apr 28, 2019 8:40 am
On the London tube, the app quickly shows the location you first tapped in, but won't show the charge until the following day.
On TfL app you can see your charges, including Apple/Google/etc -Pay, in near-real-time ie shortly after tapping out.
by ivk5
Sun Apr 28, 2019 9:14 am
Forum: Personal Investments
Topic: Best Donor Advised Fund that is NOT a bank/wirehouse?
Replies: 25
Views: 1365

Re: Best Donor Advised Fund that is NOT a bank/wirehouse?

camillus wrote:
Sun Apr 28, 2019 2:27 am
Married? MFJ? Your spouse could open an account at Fidelity or Schwab :happy
In my experience (with a different class of firms, admittedly) the type of financial disclosure and compliance requirements the OP is referring to commonly apply to spouse as well.
by ivk5
Sun Apr 28, 2019 6:39 am
Forum: Personal Investments
Topic: Lower fee mutual funds or Higher fee, more tax efficient Vanguard funds?
Replies: 5
Views: 480

Re: Lower fee mutual funds or Higher fee, more tax efficient Vanguard funds?

This is a function of the amount of fees and CG distributions in question and your marginal tax rate (fed/state/local). Triceratops has an excellent thread you can dig up via search in which they’ve shared a spreadsheet that does the calculation for many funds, so you can see how to plug in your own...
by ivk5
Sun Apr 28, 2019 6:26 am
Forum: Personal Investments
Topic: Solo 401K to Rollover IRA?
Replies: 8
Views: 401

Re: Solo 401K to Rollover IRA?

If you have any tIRA basis (from non-deductible contributions, tracked on Form 8606) I'd roll the entire non-basis portion of the tIRA INTO the solo 401k, then convert the basis amount from tIRA to Roth, then wait until the following year to close the plan and roll back out to tIRA. Additionally, if...
by ivk5
Sat Apr 27, 2019 1:36 pm
Forum: Personal Consumer Issues
Topic: How much cash in London?
Replies: 54
Views: 3294

Re: How much cash in London?

Don’t even need an Oyster card. Apple Pay (or equivalent) works fine for tube/bus/etc. Same for Heathrow Express as of couple months ago, though I still generally buy ticket on app on the walk over. Can generally use mobile payment anywhere contactless is accepted (pretty ubiquitous). Saves a signat...
by ivk5
Sat Apr 27, 2019 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Is my tax advisor correct?
Replies: 6
Views: 1346

Re: Is my tax advisor correct?

What city?
by ivk5
Sat Apr 27, 2019 7:15 am
Forum: Non-US Investing
Topic: Currency risk when retiring abroad - Investing internationally in EUR?
Replies: 22
Views: 2335

Re: Currency risk when retiring abroad - Investing internationally in EUR?

OP mentions being an EU citizen and US resident, with plans to retire ex-US, possibly in Europe. Not explicitly stated but seemingly not a US citizen. In that case, two observations: First, OP’s situation becomes much more flexible when they leave the US and become an NRA no longer subject to PFIC c...
by ivk5
Sat Apr 27, 2019 2:46 am
Forum: Personal Investments
Topic: Money Missing from my Vanguard account?
Replies: 46
Views: 8241

Re: Money Missing from my Vanguard account?

Is it securities or cash that you think are missing? Should be easy enough to chase down where the issue is via last statement plus transaction history.
by ivk5
Fri Apr 26, 2019 11:11 am
Forum: Personal Investments
Topic: 529 College Savings And Asset Allocation
Replies: 11
Views: 1273

Re: 529 College Savings And Asset Allocation

Considering total return of the portfolio does little to make up for substantial losses (with additional monies needed) in a 529 plan. Indeed, a 529 plan owner and portfolio owner might not even be the same person. So, who will step up to add the funds to the 529 plan from their "total return" port...
by ivk5
Fri Apr 26, 2019 10:03 am
Forum: Personal Investments
Topic: 529 College Savings And Asset Allocation
Replies: 11
Views: 1273

Re: 529 College Savings And Asset Allocation

Contrary to popular misconception, one need not view 529s as a savings vehicle for paying educational costs. One could view them as additional (significant) Roth-like tax-advantaged space subject to unique liquidity gates that must be thoughtfully managed. In that case it's suboptimal to view the AA...
by ivk5
Wed Apr 24, 2019 12:47 am
Forum: Personal Finance (Not Investing)
Topic: 529 college savings over-funded - how to proceed?
Replies: 31
Views: 1963

Re: 529 college savings over-funded - how to proceed?

Elemental wrote:
Tue Apr 23, 2019 3:42 pm
I thought it was a 529, but I guess it could be an ESA.
Until you know, any advice here may be irrelevant or worse.
by ivk5
Sun Apr 21, 2019 1:58 pm
Forum: Personal Investments
Topic: Selling Business - Requesting advice on how to invest proceeds
Replies: 15
Views: 1422

Re: Selling Business - Requesting advice on how to invest proceeds

If you are charitably inclined, you may want to talk to your advisors and get educated about charitable remainder trusts. I have no special knowledge or experience with them, but have the impression it could help significant mitigate the immediate LTCG, if they otherwise align with your income/legac...
by ivk5
Sat Apr 20, 2019 4:04 pm
Forum: Personal Investments
Topic: Should I repatriate my cash?
Replies: 19
Views: 1790

Re: Should I repatriate my cash?

Are there U.S.-domiciled, but euro-denominated, funds for a U.S. resident investor to consider in anticipation of a significant portion of future spending being in euros? The denomination doesn't matter, only the underlying holdings. For example, if you buy a US stock fund for $11K when the euro is...
by ivk5
Sat Apr 20, 2019 7:53 am
Forum: Personal Investments
Topic: Invest 529 or taxable account?
Replies: 55
Views: 3820

Re: Invest 529 or taxable account?

by ivk5
Sat Apr 20, 2019 7:47 am
Forum: Personal Investments
Topic: Invest 529 or taxable account?
Replies: 55
Views: 3820

Re: Invest 529 or taxable account?

My understanding is parental 529 is treated as a parental asset not student asset.

There are all sorts of other reasons you may be better off prioritizing retirement savings (tax deferred, if not maxing, or possibly taxable) but you’d have to post more financial details to get opinions on that.