Search found 6282 matches

by aristotelian
Tue Nov 12, 2019 1:17 pm
Forum: Personal Investments
Topic: Roth IRA Rollover
Replies: 7
Views: 234

Re: Roth IRA Rollover

I thought I would then do an indirect rollover by withdrawing the funds manually and redepositing at Merrill within 60 days. I wouldn’t do an indirect custodian transfer. One problem (lost check, you are incapacitated, etc.) and the entire amount is now in taxable with no recourse. Welcome to perma...
by aristotelian
Tue Nov 12, 2019 12:56 pm
Forum: Personal Investments
Topic: Roth IRA Rollover
Replies: 7
Views: 234

Re: Roth IRA Rollover

I thought I would then do an indirect rollover by withdrawing the funds manually and redepositing at Merrill within 60 days. I wouldn’t do an indirect custodian transfer. One problem (lost check, you are incapacitated, etc.) and the entire amount is now in taxable with no recourse. Welcome to perma...
by aristotelian
Tue Nov 12, 2019 11:08 am
Forum: Personal Investments
Topic: Roth IRA Rollover
Replies: 7
Views: 234

Roth IRA Rollover

This is a dumb question but never done this before and just want to make sure I'm not missing anything. I recently moved my Roth IRA to Merrill to grab a bonus and get Preferred Rewards for my credit card. Previous custodian has a $50 transfer-out fee for full account, so I left behind $500. I thoug...
by aristotelian
Tue Nov 12, 2019 10:58 am
Forum: Personal Investments
Topic: FIRE Roth Ladder Tax Question
Replies: 7
Views: 536

Re: FIRE Roth Ladder Tax Question

Yes, this would be an issue if you would need to cover 100% of your expenses from the Roth ladder, especially if you have high spending. If you also have built up years of liquid Roth contributions plus funds in your taxable account, you might be able to get away with conversions for free using only...
by aristotelian
Tue Nov 12, 2019 10:49 am
Forum: Personal Investments
Topic: Which BOND Fund in Taxable at 22% Tax Rate
Replies: 8
Views: 792

Re: Which BOND Fund in Taxable at 22% Tax Rate

Will your tax bracket in retirement also be 22%?
by aristotelian
Tue Nov 12, 2019 9:00 am
Forum: Investing - Theory, News & General
Topic: Debunking Bonds in Taxable
Replies: 113
Views: 13018

Re: Debunking Bonds in Taxable

I'm in the 22% federal tax bracket, 5.5% state. I hold bonds in my taxable account. I actually use a target date fund. Will likely (maybe, hopefully) pay 0% capital gains when I sell in 10-20 years. I don't mind paying taxes along the way for dividends in my tax bracket. I'm saving about 30% of my ...
by aristotelian
Tue Nov 12, 2019 8:58 am
Forum: Investing - Theory, News & General
Topic: Debunking Bonds in Taxable
Replies: 113
Views: 13018

Re: Debunking Bonds in Taxable

When was bonds in taxable ever bunked?
by aristotelian
Mon Nov 11, 2019 3:24 pm
Forum: Personal Investments
Topic: Non-spouse inherited annuities - help getting out of them
Replies: 10
Views: 1210

Re: Non-spouse inherited annuities - help getting out of them

I have done #1. Is the annuity already in the beneficiary's name? That could be causing the issue. First step is to get it re-titled. Only when it is in your name can you rollover or otherwise transact. Then cash it out and pay surrender charge. Then file transfer papers with Vanguard. EDIT: I just ...
by aristotelian
Mon Nov 11, 2019 2:36 pm
Forum: Personal Investments
Topic: Help for MIL
Replies: 18
Views: 953

Re: Help for MIL

How are you reporting it? Are you paying taxes on it? It's her income. She reports and pay taxes on it on her EIN. We actually claim the dependent care credit for any funds that aren't covered by my Dependent Care FSA. Uhm, okay. https://www.hrblock.com/tax-center/newsroom/filing/dependents/top-que...
by aristotelian
Mon Nov 11, 2019 1:54 pm
Forum: Personal Investments
Topic: Help for MIL
Replies: 18
Views: 953

Re: Help for MIL

The $200K cash is from life insurance and sale of an investment property. We believe the investment property will result in a realized gain of about $50K in 2019. Question - if the investment property was jointly held, it's cost basis would be reset as of the spouse death. If in a community propert...
by aristotelian
Mon Nov 11, 2019 1:40 pm
Forum: Personal Investments
Topic: Help for MIL
Replies: 18
Views: 953

Re: Help for MIL

JoeRetire wrote:
Mon Nov 11, 2019 1:16 pm

How are you reporting it?
Are you paying taxes on it?
It's her income. She reports and pay taxes on it on her EIN. We actually claim the dependent care credit for any funds that aren't covered by my Dependent Care FSA.
by aristotelian
Mon Nov 11, 2019 12:29 pm
Forum: Personal Investments
Topic: Bond for a recovering "xen of bad choices"
Replies: 13
Views: 1259

Re: Bond for a recovering "xen of bad choices"

I could be wrong, but i can not take money out from non 401k account, and hence it is something I was interested in doing myself in taxable, also will like to minimize risk a little bit. Why would you need to take money out? You are in an ultra high tax bracket. You should be saving money, not spen...
by aristotelian
Mon Nov 11, 2019 10:52 am
Forum: Personal Investments
Topic: Help for MIL
Replies: 18
Views: 953

Re: Help for MIL

Is the 200k in a high yield account? Sort of. It's currently in a MM account with local bank. I believe it's earning about 1%. I’d verify the rate. If you get a much higher rate online for little effort. That will be easy money. Absolutely. Once we have the portfolio set up, my recommendation will ...
by aristotelian
Mon Nov 11, 2019 10:50 am
Forum: Personal Investments
Topic: Help for MIL
Replies: 18
Views: 953

Re: Help for MIL

My first thought is that there's a lot of hassle for nearly no value in that AT&T stock. Why not just sell it, take the very little tax hit and use the money for something useful? Aside from the tax hit, my thought was that I don't want her talking to anyone at EJ. Knowing them, once they find out ...
by aristotelian
Mon Nov 11, 2019 10:49 am
Forum: Personal Investments
Topic: Help for MIL
Replies: 18
Views: 953

Re: Help for MIL

I think that your investment plans sound pretty good. I'll let others comment more deeply. Two comments / questions: 1 You say above the she is earning $3k per year for taking care of your children. Are you filing Schedule H on your personal taxes, paying Social Security taxes, etc.? 2 I'd dig more...
by aristotelian
Mon Nov 11, 2019 10:45 am
Forum: Personal Investments
Topic: Help for MIL
Replies: 18
Views: 953

Re: Help for MIL

Wiggums wrote:
Mon Nov 11, 2019 10:44 am
Is the 200k in a high yield account?
Sort of. It's currently in a MM account with local bank. I believe it's earning about 1%.
by aristotelian
Mon Nov 11, 2019 10:32 am
Forum: Personal Investments
Topic: Help for MIL
Replies: 18
Views: 953

Help for MIL

MIL has asked for my help setting up her portfolio following death of spouse. Her situation is pretty far removed from mine so I would appreciate feedback/advice. She is due to receive about $12K annually from military Survivor Benefit Plan, plus $25K annually in Social Security. She also gets about...
by aristotelian
Mon Nov 11, 2019 8:02 am
Forum: Personal Finance (Not Investing)
Topic: I think my friend is already financially independent (through a fantastic bitcoin investment), can you confirm?
Replies: 44
Views: 5865

Re: I think my friend is already financially independent (through a fantastic bitcoin investment), can you confirm?

Depends on his expenses. If he spends under $60k he is pretty much in failsafe FI territory. If he spends $200k, he isnt even close.
by aristotelian
Sun Nov 10, 2019 10:34 pm
Forum: Investing - Theory, News & General
Topic: If you were forced to pick an alternative asset...
Replies: 83
Views: 4539

Re: If you were forced to pick an alternative asset...

Glad you liked the horse racing idea. Definitely on my bucket list of things to do once I have some serious play money. A serious answer would be opportunity zone investing. High risk but major tax advantages if you have a lot of gains in your taxable account. I actually looked a lot at opportunity...
by aristotelian
Sun Nov 10, 2019 10:00 pm
Forum: Investing - Theory, News & General
Topic: If you were forced to pick an alternative asset...
Replies: 83
Views: 4539

Re: If you were forced to pick an alternative asset...

Come on guys how many times do we get to discuss something unique and intellectually stimulating like this. If I have to read another post about the merits of VTIAX vs VGTSX I might go insane Qualifying answers thus far are : Fractional ownership of horse racing team - I have no idea what this mean...
by aristotelian
Sun Nov 10, 2019 6:27 pm
Forum: Investing - Theory, News & General
Topic: Tax Deferred : Taxable : Tax Free
Replies: 34
Views: 1715

Re: Tax Deferred : Taxable : Tax Free

OP, what is your tax bracket? Unless your tax situation is unusual, I would not lock any conversions in at your current marginal rate unless you expect to be in a higher bracket in retirement. If you expect to be in the same or lower bracket, you might as well stay where you are. I am 38/32/30, but ...
by aristotelian
Sun Nov 10, 2019 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Custodian Help.. can employer require a custodian?
Replies: 4
Views: 204

Re: HSA Custodian Help.. can employer require a custodian?

Yes and yes. Your employer can require a custodian for making their contributions and your voluntary direct deposits (which are pretax and avoid FICA). You can also have your own HSA and periodically transfer or roll over funds, eg if your employer custodian has poor investment options or high fees.
by aristotelian
Sun Nov 10, 2019 12:39 pm
Forum: Personal Investments
Topic: Fidelity vs Vanguard vs Schwab vs TD vs Etrade vs Merril
Replies: 32
Views: 1860

Re: Fidelity vs Vanguard vs Schwab vs TD vs Etrade vs Merril

Wow. I was under the impression that BofA/Merrill had some sort of product that allowed do it yourself investors to take charge of things without an AUM fee. At 1% of $1MM, that's $10,000 per year. I'd leave ASAP. Regards, They do have a DIY option. No AUM and free trades for stocks and ETFs. I hav...
by aristotelian
Sun Nov 10, 2019 12:35 pm
Forum: Personal Investments
Topic: Fidelity vs Vanguard vs Schwab vs TD vs Etrade vs Merril
Replies: 32
Views: 1860

Re: Fidelity vs Vanguard vs Schwab vs TD vs Etrade vs Merril

Surprised many on Boglehead forum rank Vanguard dead last. Nothing in life is free. The so called perks and customer services are paid one way or another. Most fixed income investments for example at Fidelity are about 30 basis points less than Vanguard. So if 100k of total is in money market or ot...
by aristotelian
Sun Nov 10, 2019 11:49 am
Forum: Personal Investments
Topic: Where should I park my HSA contributions (Employer vs Fidelity)?
Replies: 8
Views: 917

Re: Where should I park my HSA contributions (Employer vs Fidelity)?

If you contribute through your payroll you should avoid FICA tax. Then transfer the funds to Fidelity direct or through manual rollover at the end of the year.
by aristotelian
Sat Nov 09, 2019 9:31 pm
Forum: Investing - Theory, News & General
Topic: If you were forced to pick an alternative asset...
Replies: 83
Views: 4539

Re: If you were forced to pick an alternative asset...

Equity in a horse racing partnership. Risk adjusted returns project to be better than the boat, at least.
by aristotelian
Sat Nov 09, 2019 11:55 am
Forum: Investing - Theory, News & General
Topic: Why no one created a etf of dividend free stocks
Replies: 32
Views: 2801

Re: Why no one created a etf of dividend free stocks

OP, you are welcome to invest in my Ultimate In Tax Efficiency Pie through M1 Finance. It has a Dividend Yield of .075%. I already own some GOOG and BRKB so I excluded those. https://m1.finance/idSUth3Uy
by aristotelian
Sat Nov 09, 2019 9:01 am
Forum: Personal Investments
Topic: Investing in Taxable Account. Good or bad?
Replies: 20
Views: 2069

Re: Investing in Taxable Account. Good or bad?

Investing is always good. Taxable account is probably a mistake if you have not already maxed your retirement accounts. By forsaking the 401k, you are giving up a massive tax advantage equivalent to your marginal tax rate. Even if you are in a low tax bracket, you should max Roth contributions befor...
by aristotelian
Fri Nov 08, 2019 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Settling a disputed estate, cannot locate one survivor
Replies: 20
Views: 1879

Re: Settling a disputed estate, cannot locate one survivor

Your friend should absolutely be talking to a probate attorney and following his advice. I do believe there is a statute of limitations.
by aristotelian
Fri Nov 08, 2019 12:16 pm
Forum: Investing - Theory, News & General
Topic: Expected Return For Bond Funds
Replies: 11
Views: 1172

Expected Return For Bond Funds

Total return of bond funds includes both capital return and income return. The market price fluctuates purely as a function of changes in the interest rate environment. Is there any reason to expect positive capital return over time? If I assume that interests rates have equal chance of going higher...
by aristotelian
Fri Nov 08, 2019 11:46 am
Forum: Personal Investments
Topic: SEP-IRA and its relationship to other IRAs
Replies: 11
Views: 441

Re: SEP-IRA and its relationship to other IRAs

If brother is contributing $5,500 via payroll deduction, he is likely contributing to either a traditional or Roth IRA (not the SEP-IRA) . Providers set this up as a “benefit” but it often is for a higher-fee IRA account than available from low-cost providers like Fidelity, Vanguard, etc. Why would...
by aristotelian
Fri Nov 08, 2019 11:39 am
Forum: Investing - Theory, News & General
Topic: How often should someone rebalance?
Replies: 43
Views: 3039

Re: How often should someone rebalance?

I’m Using a 3 fund portfolio. And over the last few years I rebalance twice per year. These dates are set, and are unrelated to which day the market is up or down. Is twice per year too often or too few times per year to rebalance? I’m sure the data varies on this topic but what do the smart people...
by aristotelian
Fri Nov 08, 2019 10:55 am
Forum: Investing - Theory, News & General
Topic: The hidden cost of Fidelity’s ZERO funds
Replies: 66
Views: 5562

Re: The hidden cost of Fidelity’s ZERO funds

YTD per Morningstar:

VTSAX: 24.50%
SWTSX: 24.58%
SCHB: 24.61%
FZROX: 24.83%

Total return includes dividends reinvested.

With 2484 holdings, SCHB would seem to follow the closest index to FZROX. In any case, if there is a hidden cost to FZROX, I am not seeing it.
by aristotelian
Fri Nov 08, 2019 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Should I buy the family cottage?
Replies: 90
Views: 7088

Re: Should I buy the family cottage?

One issue I see is that buying at such a steep discount effectively reduces potential inheritances for your siblings. This could cause a problem, especially with the one who is interested in the property. However, paying full price seems like too big of a stretch for any one of you. Would you be wil...
by aristotelian
Thu Nov 07, 2019 4:24 pm
Forum: Personal Investments
Topic: How much is too much in an HSA?
Replies: 51
Views: 4197

Re: How much is too much in an HSA?

Since you can use it as a pretax IRA in the very worst case scenario, I would say you can never have too much.

Keep in mind you can use it for Medicare premiums and Long Term Care insurance.
by aristotelian
Thu Nov 07, 2019 2:22 pm
Forum: Investing - Theory, News & General
Topic: US Bonds in free fall
Replies: 46
Views: 4635

Re: US Bonds in free fall

I am at a loss why the 10 year Treasury is heading on it's way to breach 2% when the German 10 year Bund is currently yielding -0.24%. How exactly can this staggering divergence be sustainable? Alternatively, one might ask how the Germans can get away with negative interest rates when you can get 2...
by aristotelian
Thu Nov 07, 2019 1:29 pm
Forum: Investing - Theory, News & General
Topic: US Bonds in free fall
Replies: 46
Views: 4635

Re: US Bonds in free fall

I had bought some ST Treasury as protection against interest rates rising in late 2018-early 2019. At the time it seemed like yields had dropped a lot and couldn't possibly drop further! Thinking about extending the duration of those and moving back into Intermediate where I should have been all alo...
by aristotelian
Thu Nov 07, 2019 9:26 am
Forum: Investing - Theory, News & General
Topic: (NEW) WisdomTree 90/60 U.S. Balanced Fund
Replies: 325
Views: 34337

Re: (NEW) WisdomTree 90/60 U.S. Balanced Fund

MotoTrojan wrote:
Thu Oct 17, 2019 10:22 am
PluckyDucky wrote:
Thu Oct 17, 2019 8:55 am
Looks like NTSX is available on Vanguard.
Is this new(s)?
Yes, previously Vanguard disallowed it, apparently as part of excluding leveraged ETF's. Not available at Merrill either.
by aristotelian
Thu Nov 07, 2019 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Turbotax 2019 on Amazon
Replies: 92
Views: 6867

Re: Turbotax 2019 on Amazon

BTW, TTAX no longer supports Windows 7 :x WRONG WRONG, AND WRONG! https://www.intuit.com/support/windows-7-end-of-life/ It seems tax year 2019 will be the last for TurboTax desktop. You can still use the online version but the last time I did it was $35 more then the same year's download😡 Where are...
by aristotelian
Wed Nov 06, 2019 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Turbotax 2019 on Amazon
Replies: 92
Views: 6867

Re: Turbotax 2019 on Amazon

There is zero reason to buy anything more than Deluxe for nearly everyone. Price will drop to around $30 and last year they had a $10 cash card. I set an alert in camelcamelcamel Looks like Deluxe with no state is available for $39. I am tempted but will hold out. I got the $10 gift card deal last ...
by aristotelian
Wed Nov 06, 2019 3:41 pm
Forum: Investing - Theory, News & General
Topic: Why shouldn't I buy a Dow Jones index fund instead of TSM or the S&P?
Replies: 20
Views: 1280

Re: Why shouldn't I buy a Dow Jones index fund instead of TSM or the S&P?

Same expected return with lower diversification. Probably not the worst move you can make but on paper there is no reason to do this.

If you are concerned about volatility I would think USMV or LGLV would be better.
by aristotelian
Wed Nov 06, 2019 11:37 am
Forum: Investing - Theory, News & General
Topic: Why ever buy & hold a LT treasury?
Replies: 60
Views: 2909

Re: Why ever buy & hold a LT treasury?

LTTs have beaten stocks for the past 13 years and counting: https://www.portfoliovisualizer.com/fund-performance?s=y&symbol=PEDIX&benchmark=VFINX He's asking about buy-and-holding an individual bond. If he had bought a 30 Year in 2007, he would have gotten about 5% yield, which would have been a sw...
by aristotelian
Wed Nov 06, 2019 11:31 am
Forum: Investing - Theory, News & General
Topic: Why ever buy & hold a LT treasury?
Replies: 60
Views: 2909

Re: Why ever buy & hold a LT treasury?

A lot of people buy EE Bonds which amounts to a similar proposition. I would be tempted to lock in a high yield for 30 years if interest rates were historically high, but it would be hard to do in the moment when it seems like interest rates are skyrocketing along with inflation.
by aristotelian
Wed Nov 06, 2019 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Which HDHP/PPO Plan
Replies: 9
Views: 625

Re: Which HDHP/PPO Plan

The HDHPs are going to come out ahead if you have few expenses due to lower premiums. I believe they also come out ahead if you hit your OOP max. One factor to consider is if you have the ability to max your HSA, that may be an additional $2k or so due to avoiding FICA and income tax at your margina...
by aristotelian
Tue Nov 05, 2019 10:43 am
Forum: Investing - Theory, News & General
Topic: Anyone use “baskets”at fidelity?
Replies: 19
Views: 3174

Re: Anyone use “baskets”at fidelity?

No fractional shares would be a dealbreaker for me.
by aristotelian
Tue Nov 05, 2019 10:15 am
Forum: Investing - Theory, News & General
Topic: Here's what you're making (er, losing) on short term treasuries as of 11/5/19
Replies: 9
Views: 1051

Re: Here's what you're making (er, losing) on short term treasuries as of 11/5/19

I would expect close to zero real return before tax. Tax is going to depend on the individual situation so I don't see the point of considering it. Does OP have an alternative to suggest for superior risk free return?
by aristotelian
Tue Nov 05, 2019 8:48 am
Forum: Personal Investments
Topic: Those who buy SOME individual stocks, where do you put them?
Replies: 12
Views: 983

Re: Those who buy SOME individual stocks, where do you put them?

Taxable. Allows harvesting of losses and encourages buy and hold rather than day trading.
by aristotelian
Mon Nov 04, 2019 4:09 pm
Forum: Investing - Theory, News & General
Topic: 2019 Hedge Fund Contest
Replies: 233
Views: 20593

Re: 2019 Hedge Fund Contest

Walkure wrote:
Mon Nov 04, 2019 2:39 pm
Could we see those long AAPL beat the shorts' 100% max upside by the end of the year?
It sure is getting interesting. 100% long AAPL was a gutsy call!
by aristotelian
Mon Nov 04, 2019 12:56 pm
Forum: Personal Consumer Issues
Topic: Cell phone service
Replies: 21
Views: 1640

Re: Cell phone service

Mint Mobile has been great for me. It uses T-Mobile's network, which some people hate but is fine for me. 3GB for $15/month if you buy a year in advance. You can do a trial to make sure it works in your area. The only time I've had an issue is a stretch of I-77 between Beckley and Charlotte in the m...