Search found 20 matches

by mayhapbh
Mon Feb 10, 2020 11:37 pm
Forum: Personal Investments
Topic: Explain to me why dividends aren't real money
Replies: 81
Views: 8485

Re: Explain to me why dividends aren't real money

I feel like I have seen it said on here that dividends/ETF capital gains distros "aren't a free lunch" because they just lower the NAV. I kind of follow, but I guess at the same time I don't follow. If I own a high yield fund paying 5% vs a fund paying 0%, how am I not making money? If th...
by mayhapbh
Sun Sep 02, 2018 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Medical liability claim settlement. What is fair?
Replies: 40
Views: 2947

Re: Medical liability claim settlement. What is fair?

The apartment complex referred our claim to their insurance company and we agreed to settle as follows: $50,000 total settlement consisting of $14,000 to settle our medical insurance companies lien and the remainder of $36,000 for us to satisfy our cost (incl pain & suffering , out of pocket co...
by mayhapbh
Tue Aug 07, 2018 2:53 am
Forum: Personal Investments
Topic: Portfolio Review, Age 31, $1.5 million net worth
Replies: 38
Views: 9529

Re: Portfolio Review, Age 31, $1.5 million net worth

investwisely wrote: Tue Aug 07, 2018 2:30 amI would actually be interested in reading a few books to better understand tax.
Consider this one.
by mayhapbh
Fri Jul 13, 2018 8:54 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 367
Views: 24616

Re: COMING SOON: BOGLEHEADS PODCASTS

Another vote for Bogleheads or Bogleheads Podcast , or something to that effect. Longer, more descriptive titles are unnecessary and can be limiting. 1. One of the most popular ways people download podcasts is through Stitcher. Here is a list of the 100 most popular podcasts on that platform: https:...
by mayhapbh
Thu Apr 19, 2018 10:26 pm
Forum: Personal Finance (Not Investing)
Topic: “The Smell of Retiree Mon$y...”
Replies: 57
Views: 11696

Re: “The Smell of Retiree Mon$y...”

Amphian wrote: Thu Apr 19, 2018 5:02 pm
le_sacre wrote: Thu Apr 19, 2018 12:17 pm I also try to find as many opportunities as possible to give anonymously.
Using a Donor Advised Fund may provide that sort of opportunity. You fund the Fund; the Fund can (usually) transmit money to the charity without mentioning you.
by mayhapbh
Tue Jan 23, 2018 11:30 pm
Forum: Investing - Theory, News & General
Topic: Backdoor Roth / step-transaction doctrine news: [Congress recognizes process]
Replies: 37
Views: 5984

Re: Backdoor Roth / step-transaction doctrine news: [Congress recognizes process]

Can we assume that your opinion on this has no connection to how you make your living, that you have no vested interest in this issue? I'm not sure I understand the first part of the question, but aside from my own hypothetical taxes, I have no financial interest in whether backdoor Roths are allow...
by mayhapbh
Tue Jan 23, 2018 1:18 am
Forum: Investing - Theory, News & General
Topic: Backdoor Roth / step-transaction doctrine news: [Congress recognizes process]
Replies: 37
Views: 5984

Re: Backdoor Roth / step-transaction doctrine news: [Congress recognizes process]

From the article: “When Congress says what its intent is, that’s it. They absolutely, clearly say it’s okay. You can make a contribution to a nondeductible IRA and convert it to a Roth,” says CPA and IRA expert Ed Slott who publishes the IRA Advisor Newsletter. . . . The Congressional blessing came ...
by mayhapbh
Fri Jan 05, 2018 10:51 am
Forum: Personal Investments
Topic: Prioritize Roth IRA or HSA since I live in CA?
Replies: 10
Views: 1416

Re: Prioritize Roth IRA or HSA since I live in CA?

You still reduce your federal taxable income by the amount of the HSA contribution, so it will save you money. That would be worth it especially if it brings you down a tax bracket . You can also split up your bond holdings and hold your treasuries there which aren't taxed by the state. Some employ...
by mayhapbh
Mon Sep 18, 2017 2:08 am
Forum: Personal Investments
Topic: My in-laws' nest egg of $50k
Replies: 34
Views: 5168

Re: My in-laws' nest egg of $50k

Now, going by their description of what the money is for, would you agree that it is an "Emergency Fund" and should be invested in cash? Or, should a portion of this money be considered their retirement portfolio and invested as such? (e.g. in the Vanguard Target Retirement Income fund (V...
by mayhapbh
Sat Aug 05, 2017 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Using a donor-advised fund to minimize taxes
Replies: 34
Views: 4199

Re: Using a donor-advised fund to minimize taxes

Have you compared the present value of the larger contributions you might make if you pursue this strategy ("whatever money") with the present value of your expected future contributions if you do not ("a certain percentage")? You may save on taxes, but end up with less money in...
by mayhapbh
Sat Aug 05, 2017 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Using a donor-advised fund to minimize taxes
Replies: 34
Views: 4199

Re: Using a donor-advised fund to minimize taxes

We give a certain percentage of our take home income to various charities and plan to continue to do so indefinitely. My thought is that whatever money we have that would otherwise be going to a taxable account should instead go to a donor-advised fund (DAF). This will enable us to take the deducti...
by mayhapbh
Sat Jul 29, 2017 4:22 am
Forum: Personal Investments
Topic: How does this work? [Dow Jones up, but Vanguard Total Stock down]
Replies: 10
Views: 2103

Re: How does this work? [Dow Jones up, but Vanguard Total Stock down]

bjames310 wrote:Very educating, thank you all. For some reason I thought Dow Jones tracked the entire stock market. Not sure where I got that from.
You might enjoy this episode of the Planet Money podcast: http://www.npr.org/sections/money/2017/ ... e-the-hype
by mayhapbh
Mon Jun 12, 2017 3:20 am
Forum: Personal Investments
Topic: Are taxes a good trade for some safety?
Replies: 9
Views: 2253

Re: Are taxes a good trade for some safety?

I am not comfortable with investing all the remaining cash $62k - I'd like to have at least $25k in an insured account. If I understand correctly, the only way to do this inside the IRA is by buying CDS through the brokerage, but the rates are very low. Do you want the money in an insured account b...
by mayhapbh
Sat Jun 03, 2017 5:07 pm
Forum: Personal Investments
Topic: How do I get paid from my shares?
Replies: 7
Views: 1337

Re: How do I get paid from my shares?

Reminds me of this: 3 guys go to rent a room - the clerk says - that it be 30.00 - they each put in 10. After they leave the clerk remembers they have a special 25.00 - so he takes 5 singles out of the drawer and on the way back he thinks - I can't break this evenly 3 ways so I'll keep 2 bucks and ...
by mayhapbh
Sat May 13, 2017 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: Setting a periodic transfer / Dealing with a fiscal beggar
Replies: 26
Views: 3620

Re: Setting a periodic transfer / Dealing with a fiscal beggar

Consider this: https://www.bluebird.com

It's essentially a debit card. Can be funded even if you don't have the card with you. No overdraft fees. The "Family Accounts" option may be particularly useful.
by mayhapbh
Sat Apr 22, 2017 3:30 pm
Forum: Investing - Theory, News & General
Topic: Location of SPIAs, which account?
Replies: 54
Views: 4411

Re: Location of SPIAs, which account?

Any other reasons that you can think of for a preferred location for an annuity, assuming you have enough money to fund from any of the three locations? The opportunity cost of using up your tax-advantaged space. My understanding is that many people use SPIAs to create an income floor, which permit...
by mayhapbh
Sat Mar 04, 2017 5:02 pm
Forum: Investing - Theory, News & General
Topic: Would like comments on this Roth Conversion quote.
Replies: 30
Views: 3732

Re: Would like comments on this Roth Conversion quote.

They must be making some assumptions that are not stated . Seems to me that if your marginal tax rate when you convert is the same as when you withdraw the funds , you are equal on day 1 and are even or pull ahead in every subsequent yr. My understanding is that this has to be right. All else equal...
by mayhapbh
Mon Feb 27, 2017 12:19 am
Forum: Personal Investments
Topic: First Time Major Portfolio Reallocation at age 60?
Replies: 15
Views: 2254

Re: First Time Major Portfolio Reallocation at age 60?

I'm too green to offer advice, but I noticed that your post refers to bond funds . You might consider purchasing individual TIPS , possibly laddered , and holding them to maturity ( using one of your tax-deferred accounts ), or perhaps purchasing an inflation-adjusted SPIA to ameliorate your longevi...
by mayhapbh
Sun Feb 26, 2017 11:20 pm
Forum: Personal Investments
Topic: What Amount of My Bonds Should Be I Bonds?
Replies: 10
Views: 1796

Re: What Amount of My Bonds Should Be I Bonds?

Thank you all very much. My wife and I appreciate your taking the time to respond and will think carefully about your feedback before making a final decision. Much obliged.
by mayhapbh
Sat Feb 25, 2017 8:59 pm
Forum: Personal Investments
Topic: What Amount of My Bonds Should Be I Bonds?
Replies: 10
Views: 1796

What Amount of My Bonds Should Be I Bonds?

I’ve learned a lot from this board and the books recommended here. I’m grateful for all of the general knowledge and hoped some of you might be willing to advise on a question with which I’ve been struggling. In short, assuming some non-zero portion of my wife’s and my portfolio is in bonds, how muc...