Search found 1150 matches

by Geologist
Sun Feb 18, 2018 4:30 pm
Forum: Investing - Help with Personal Investments
Topic: Muni Bond market
Replies: 29
Views: 2713

Re: Muni Bond market

Annette Thau, in The Bond Book , discusses the individual municipal bond market at considerable length. The major issue is that most individual municipal bonds seldom trade, not something to do with foreign investors. She discusses how to research individual bonds and what screening criteria to cons...
by Geologist
Wed Feb 07, 2018 7:14 am
Forum: Personal Finance (Not Investing)
Topic: Questions about reporting an internship with a 1099-MISC
Replies: 36
Views: 1069

Re: Questions about reporting an internship with a 1099-MISC

For livesoft's benefit, a raft of government agencies support academic endeavors including NASA. Whether they grant degrees or teach classes is irrelevant. The comparison to private engineering firms or Google is also irrelevant because they are government agencies. Many issue stipends to students u...
by Geologist
Mon Feb 05, 2018 4:43 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard federal money market interest
Replies: 4
Views: 611

Re: Vanguard federal money market interest

A second problem with your idea (beyond your not getting the interest you supposed) is that Vanguard will not permit you to purchase money market shares on day 1 with external funds and sell them and transfer the money out two days later.
by Geologist
Sun Feb 04, 2018 5:58 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Brokerage Funds
Replies: 3
Views: 383

Re: Vanguard Brokerage Funds

What purpose are you investing this money for? When are you likely to want it as cash again? Without answers to those questions, it is hard to give you advice.
by Geologist
Sun Feb 04, 2018 5:47 pm
Forum: Personal Consumer Issues
Topic: Electric Water Heater - Which one?
Replies: 8
Views: 898

Re: Electric Water Heater - Which one?

What about electricity consumption? In my experience looking at water heaters of one manufacturer at one retailer (which was Lowe's), those with longer warranties had more insulation and lower electricity consumption. This was enough of a difference that it made up for the additional capital expendi...
by Geologist
Sun Feb 04, 2018 10:50 am
Forum: Investing - Help with Personal Investments
Topic: Taxable account dividends and capital gains
Replies: 14
Views: 1256

Re: Taxable account dividends and capital gains

It doesn't bother me to have a large number of tax lots because that's why I have a computer. Maintaining your asset allocation is another matter and could call for reinvesting or sending to a bank account/money market account so you can re-allocate the funds. If you are going to do this, it makes n...
by Geologist
Thu Feb 01, 2018 4:15 pm
Forum: Investing - Help with Personal Investments
Topic: Municipal bond INDEX funds?
Replies: 3
Views: 551

Re: Municipal bond INDEX funds?

Does anybody know of any municipal bond INDEX funds? I'm aware of etf's that follow indexes, but I'm interested in funds. I've read John Bogle refer to Vanguard's municipal bond offerings as "quasi-index" funds that appear to follow indexes, but that are still managed. Vanguard does offer one index...
by Geologist
Wed Jan 31, 2018 10:41 pm
Forum: Investing - Help with Personal Investments
Topic: I have an overwhelming gift I'm in need of help of please.
Replies: 89
Views: 7948

Re: I have an overwhelming gift I'm in need of help of please.

If you feel overwhelmed, then you certainly should not make any large decision about the money immediately. Take your time. The wiki has a section on how to deal with windfalls.
by Geologist
Wed Jan 31, 2018 10:34 pm
Forum: Personal Finance (Not Investing)
Topic: 1099-B Gain Reporting
Replies: 5
Views: 368

Re: 1099-B Gain Reporting

Whether you transferred the money out of the mutual fund complex to an external bank account or just to a money market account in the same mutual fund complex, the act of selling the mutual fund is a sale. Even if it is called an exchange of mutual fund assets, you are selling one mutual fund to buy...
by Geologist
Wed Jan 31, 2018 10:15 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Intermediate-Term Tax-Exempt Fund
Replies: 9
Views: 2036

Re: Vanguard Intermediate-Term Tax-Exempt Fund

In many states, the part of Intermediate Bond Index dividends that are derived from US Treasuries will be exempt from state income taxes. If this is true in your state, have you accounted for this in doing your analysis of tax benefits of taxable vs. tax-exempt? This gives a slight boost to the "tax...
by Geologist
Wed Jan 31, 2018 10:51 am
Forum: Personal Consumer Issues
Topic: undergrad major shortlist process
Replies: 20
Views: 1384

Re: undergrad major shortlist process

How old is this girl? I think her interests (in the end) will outweigh almost everything else...But it is likely she will not learn about a broad enough spectrum of the world before college. That is one of the purposes of college: to expose students to things they didn't know existed before. I had a...
by Geologist
Sat Jan 27, 2018 8:46 pm
Forum: Investing - Help with Personal Investments
Topic: "Muni Bonds Time Bomb" Barron's
Replies: 47
Views: 4832

Re: "Muni Bonds Time Bomb" Barron's

There are an enormous diversity of muni issuers. It is not just governmental issuers themselves. What does the article say about this or does it just wave its hands widely about "state and local issues." Many of the revenue issuers have no pension obligations (O'Hare Airport, water or sewer bonds, p...
by Geologist
Sat Jan 27, 2018 7:19 pm
Forum: Investing - Theory, News & General
Topic: Will the expense ratio of VWRD ever drop? (NRA)
Replies: 5
Views: 481

Re: Will the expense ratio of VWRD ever drop? (NRA)

I'm not sure what you mean when you say "0.25% is quite a lot". What you should be worried about is the difference, since you can't get your investment for free (by the way, I don't know what the tickers mean; it is customary on this board to explain what funds these are). The difference is 0.05% fo...
by Geologist
Sat Jan 27, 2018 6:59 pm
Forum: Investing - Theory, News & General
Topic: Who is buying 20 and 30 year bonds?
Replies: 15
Views: 1404

Re: Who is buying 20 and 30 year bonds?

I think you are underestimating the importance of institutions in the bond market. For US government bonds (of all maturities), $100 million trades are routine. Such trades are not conducted by individuals or even (most of the time) by mutual funds held by individuals, but the largest institutions (...
by Geologist
Thu Jan 25, 2018 6:39 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard fund minimum question.
Replies: 14
Views: 1085

Re: Vanguard fund minimum question.

To reiterate what others have briefly mentioned: Suppose Vanguard converts your Admiral shares to Investor shares. If you are just below $10,000, the added expense will cost you very little in dollars and cents (you don’t say which fund, but typically about $10 per year), so that is not something to...
by Geologist
Mon Jan 22, 2018 8:54 pm
Forum: Investing - Theory, News & General
Topic: Vanguard opens special offices for $1 million clients
Replies: 108
Views: 24059

Re: Vanguard opens special offices for $1 million clients

I would have said yesterday because I sent a secure email yesterday, but I was just notified that I have a response, so the answer is today. I would agree that most of the time a single rep was no big deal. Some came and went without my ever dealing with them. I am, however, now dealing with exactl...
by Geologist
Mon Jan 22, 2018 4:32 pm
Forum: Investing - Theory, News & General
Topic: Vanguard opens special offices for $1 million clients
Replies: 108
Views: 24059

Re: Vanguard opens special offices for $1 million clients

I'm not sure how you read the link, and I am not going to look. I'm just going to report what is going on: When I reached Flagship status, I was assigned a specific person as "my" representative. Now the specific rep has changed from time to time over the years but it remains the case to this date ...
by Geologist
Mon Jan 22, 2018 3:43 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard New Issue Brokered CDs (again)
Replies: 5
Views: 690

Re: Vanguard New Issue Brokered CDs (again)

What do you mean by "more interest"?

Some people might choose a bank that is offering lower interest than Safra because they already have CDs from Safra and have reached the FDIC limit. There may be some states in which Safra is not offering its CDs.
by Geologist
Mon Jan 22, 2018 3:40 pm
Forum: Investing - Theory, News & General
Topic: Vanguard opens special offices for $1 million clients
Replies: 108
Views: 24059

Re: Vanguard opens special offices for $1 million clients

It is interesting that this year old conversation was revived. I am wondering if anyone has heard, seen, or experienced any changes or actions with regard to the "special offices"? It seems to me that perhaps some of the perks for the million dollar clients have in fact been deleted such as the ded...
by Geologist
Sun Jan 21, 2018 4:16 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA - How do I tell the tax year of a contribution?
Replies: 9
Views: 478

Re: TIAA - How do I tell the tax year of a contribution?

In the old days, which were only 15 years ago, my employer mailed a check (total for all employees) to TIAA each month. You should not be surprised that in December this check never arrived until January. Nonetheless, these were December contributions. Nothing changes just because money moves electr...
by Geologist
Wed Jan 17, 2018 9:33 pm
Forum: Investing - Theory, News & General
Topic: bond fund pricing [is supply/demand a factor?]
Replies: 3
Views: 232

Re: bond fund pricing [is supply/demand a factor?]

The bond market is vast, much larger than the stock market. Most players are large institutions with the latest information and ability to act on it. The reason there aren't bond exchanges is because an exchange is a special type of market - everything sold and bought on it is equivalent, just with...
by Geologist
Wed Jan 17, 2018 6:19 pm
Forum: Investing - Theory, News & General
Topic: 70% chance of correction in 2018 according to Vanguard - Highest in 15 years
Replies: 96
Views: 10978

Re: 70% chance of correction in 2018 according to Vanguard - Highest in 15 years

It could be that this is a byproduct from some model that they're running for another purpose, such as a macroeconomic model they use to help decide how to tweak actively managed bond portfolios. Since the Vanguard economists can get this output easily, they do so, whatever its real utility.
by Geologist
Wed Jan 17, 2018 2:23 pm
Forum: Investing - Help with Personal Investments
Topic: Muni Money Market Fund
Replies: 12
Views: 899

Re: Muni Money Market Fund

Vanguard has one too. If you include state-specific funds, more than one.
by Geologist
Tue Jan 16, 2018 8:39 pm
Forum: Investing - Help with Personal Investments
Topic: Taxes 1099-R
Replies: 3
Views: 560

Re: Taxes 1099-R

I'm pretty sure that it is correct that you have a 1099-R. Vanguard doesn't know the tax status of your conversion, just that you made a conversion. It is up to you in your tax filing to show how much of the conversion is taxable (based on your prior filings of tax deductibility or not of the contri...
by Geologist
Tue Jan 16, 2018 8:29 pm
Forum: Investing - Theory, News & General
Topic: A 4% move in the Dow and S&P in 12 days? Seems odd
Replies: 94
Views: 7682

Re: A 4% move in the Dow and S&P in 12 days? Seems odd

The problem with facile explanations of changes is that they often don't fit the data. International Stocks are up more than US stocks. How does US corporate tax law changes explain that? We'll ignore that the US economy is the largest in the world, conducts a great deal of international business a...
by Geologist
Tue Jan 16, 2018 8:26 pm
Forum: Investing - Theory, News & General
Topic: Vanguard account change
Replies: 14
Views: 1342

Re: Vanguard account change

The form is not simple and part of its complexity is that Vanguard is trying to have one form handle multiple situations. I don't know that other institutions are better. Having said that, some elements can be handled by people helping with the estate. As an example, the paralegal with the law firm ...
by Geologist
Tue Jan 16, 2018 11:13 am
Forum: Investing - Theory, News & General
Topic: A 4% move in the Dow and S&P in 12 days? Seems odd
Replies: 94
Views: 7682

Re: A 4% move in the Dow and S&P in 12 days? Seems odd

The problem with facile explanations of changes is that they often don't fit the data. International Stocks are up more than US stocks. How does US corporate tax law changes explain that? The OP didn't ask about intl stocks, and therefore my response did not address their rise. No, but you gave an ...
by Geologist
Tue Jan 16, 2018 11:05 am
Forum: Investing - Theory, News & General
Topic: Vanguard account change
Replies: 14
Views: 1342

Re: Vanguard account change

It won't create a sale of assets. I recently was involved in a change of accounts from my mother's accounts to "estate of my mother". This created a new account number for everything, but didn't sell anything. It created no taxable event in itself. You do need to look to see that the cost basis is c...
by Geologist
Tue Jan 16, 2018 10:59 am
Forum: Investing - Theory, News & General
Topic: A 4% move in the Dow and S&P in 12 days? Seems odd
Replies: 94
Views: 7682

Re: A 4% move in the Dow and S&P in 12 days? Seems odd

The problem with facile explanations of changes is that they often don't fit the data. International Stocks are up more than US stocks. How does US corporate tax law changes explain that?
by Geologist
Mon Jan 15, 2018 4:04 pm
Forum: Investing - Theory, News & General
Topic: Investment Grade (barely)
Replies: 9
Views: 1151

Re: Investment Grade (barely)

I think you need to be careful when you say that this Fidelity has 17.9% in Illinois municipal bonds as if all Illinois muni bonds are the same. Now I don't know exactly what this fund holds since I only have Vanguard funds, but Vanguard funds have a whole host of issuers in every state including Il...
by Geologist
Sun Jan 14, 2018 8:52 pm
Forum: Personal Consumer Issues
Topic: Are land line phones still being supported?
Replies: 60
Views: 3817

Re: Are land line phones still being supported?

The fact that the appointment is two weeks out with AT&T doesn't prove much. I somewhat reluctantly changed my phone with them to VOIP (for the same reason that the phone did remain working even if the electricity went out, in events much more recent than the 80's). My experience is that calling AT&...
by Geologist
Sun Jan 14, 2018 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: How long do you save tax returns?
Replies: 39
Views: 3278

Re: How long do you save tax returns?

Gill wrote:
Sun Jan 14, 2018 2:44 pm
Another forever here. Have my returns back to the first one I filed in 1963. They don't take up much room when you throw out all the supporting material.
Gill
I agree with Gill, although I only started filing returns in 1980.
by Geologist
Sun Jan 14, 2018 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card keeps getting hacked, even when unused! (4x now!)
Replies: 49
Views: 8211

Re: Credit card keeps getting hacked, even when unused! (4x now!)

madbrain wrote:
Sun Jan 14, 2018 4:03 pm
Geologist wrote:
Sun Jan 14, 2018 2:58 pm
madbrain wrote:
Sat Jan 13, 2018 1:13 am


Hundreds of countries ? I question this. There aren't hundreds of countries on the planet.
There certainly are hundreds of countries on the planet, nearly 200, in fact.
In fact, less than 200, making the plural incorrect.
More than 100 mean "hundreds" is correct.
by Geologist
Sun Jan 14, 2018 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card keeps getting hacked, even when unused! (4x now!)
Replies: 49
Views: 8211

Re: Credit card keeps getting hacked, even when unused! (4x now!)

madbrain wrote:
Sat Jan 13, 2018 1:13 am


Hundreds of countries ? I question this. There aren't hundreds of countries on the planet.
There certainly are hundreds of countries on the planet, nearly 200, in fact.
by Geologist
Sun Jan 14, 2018 1:42 pm
Forum: Investing - Help with Personal Investments
Topic: Using Tax Exempt Dividends to Fund IRA?
Replies: 5
Views: 272

Re: Using Tax Exempt Dividends to Fund IRA?

I agree with the other posters that as long as you have compensation that makes you eligible to fund an IRA, it doesn't matter where the money actually comes from. Therefore, I don't understand why you think taking the money from your municipal bond fund dividends will save you tax money in making t...
by Geologist
Fri Jan 05, 2018 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard: No more buy/sell transactions in writing?
Replies: 31
Views: 2604

Re: Vanguard: No more buy/sell transactions in writing?

This can't possibly mean what it seems to say. If so, how would one mail in a check. Without a letter of instruction or investment form, how would Vanguard know what to do with the check? Seems crazy!!!! plannerman I have the same question. I asked my rep a few weeks ago for some transaction slips....
by Geologist
Thu Jan 04, 2018 1:53 pm
Forum: Investing - Theory, News & General
Topic: "VB Account Agreement"--Checkwriting? No written orders? What IS this really about?
Replies: 16
Views: 1441

Re: "VB Account Agreement"--is checkwriting on death row? What IS this really about?

It is certainly true that I was told that checks written on my mutual fund accounts would be honored for only 45 days after my transition to the brokerage account. Why don't you call Vanguard to get clarification? Since I don't invest at my bank and I don't write checks against my investments I am ...
by Geologist
Thu Jan 04, 2018 11:54 am
Forum: Investing - Theory, News & General
Topic: "VB Account Agreement"--Checkwriting? No written orders? What IS this really about?
Replies: 16
Views: 1441

Re: "VB Account Agreement"--is checkwriting on death row? What IS this really about?

It is certainly true that I was told that checks written on my mutual fund accounts would be honored for only 45 days after my transition to the brokerage account.

Why don't you call Vanguard to get clarification?
by Geologist
Thu Jan 04, 2018 8:49 am
Forum: Personal Finance (Not Investing)
Topic: checking accounts for Trusts
Replies: 2
Views: 199

Re: checking accounts for Trusts

In my experience (in Pa.), a trust checking account has to be a business checking account. I don't see how you can have an informal bank account with an agreement among the trustees. Different banks may have different rules on what the trust/business checking account can do and you might want to loo...
by Geologist
Wed Jan 03, 2018 7:40 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Act-no deduction for investment management fees
Replies: 7
Views: 1017

Re: Tax Act-no deduction for investment management fees

OP here. Clearly if investment advisors really were looking out for the best interest of of their customers, they could have offered a fee prepayment option. Contrast this to the manic response to expiring SALT deductions last month...to the point the IRS was forced to issue "guidance" to limit the...
by Geologist
Sun Dec 31, 2017 3:49 pm
Forum: Investing - Theory, News & General
Topic: Muni Money Market funds starting to look good!
Replies: 75
Views: 11743

Re: Muni Money Market funds starting to look good!

From the Vanguard website: "The SEC yield for a money market fund is calculated by annualizing its daily income distributions for the previous 7 days." The distribution yield tells you what was actually distributed (0.83% for November; the December value hasn't been posted yet). It will include only...
by Geologist
Sun Dec 31, 2017 3:18 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Total Bond Index avoiding Very Long Bonds?
Replies: 14
Views: 1635

Re: Vanguard Total Bond Index avoiding Very Long Bonds?

In addition to the incorrect statement about duration, the article says in its first sentence "the Vanguard Total Bond Index (VBMFX) is a popular choice because it is loaded with nothing but U.S. government-issued debt as well as some AAA and AA bonds." This statement is completely wrong. At the mom...
by Geologist
Fri Dec 29, 2017 8:02 pm
Forum: Investing - Help with Personal Investments
Topic: Will I be taxed again on my 401k?
Replies: 28
Views: 1840

Re: Will I be taxed again on my 401k?

I'm not sure we're on the same page. I think it is outrageous that another state would re-tax my initial 401k contributions. A quick google check reveals that NC for example, would hit me with a 5+% income tax on all of my 401k withdrawals, even though I already paid state tax on the contributions....
by Geologist
Wed Dec 27, 2017 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax Deducting
Replies: 9
Views: 473

Re: TurboTax Deducting

But you might well be consulting your accountant this week to plan for next year. Indeed there have been newspaper articles about how busy accountants are this week for just that purpose and they are billing those hours and someone will be deducting those fees.
by Geologist
Wed Dec 27, 2017 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax Deducting
Replies: 9
Views: 473

Re: TurboTax Deducting

Do you mean deducting the price of tax software on Schedule A as a miscellaneous itemized deduction subject to some large floor above AGI? If so, then one almost never deducts the price of TT unless some bad things have happened in your life. It's totally bogus that they advertise as if everyone de...
by Geologist
Wed Dec 27, 2017 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax 2017 - Medical deduction floor still at 10%
Replies: 11
Views: 687

Re: TurboTax 2017 - Medical deduction floor still at 10%

In a typical year, the IRS will not accept returns until about the third week of January, so in a practical sense the writers of tax software have at least until then to get the software updated.
by Geologist
Tue Dec 26, 2017 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 886
Views: 51145

Re: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]

I am repeating a question that I had posed earlier to which I received only one opinion and am hoping for more replies: Is it correct that you can deduct tax-preparation fees for 2018 if you prepay them in 2017? I am referring to personal tax returns and the fees would be those paid to my CPA (who ...
by Geologist
Tue Dec 26, 2017 11:44 am
Forum: Investing - Help with Personal Investments
Topic: Tax reform: Muni bond fund impact (question on bond categories, not on whether munis make tax sense)
Replies: 3
Views: 787

Re: Tax reform: Muni bond fund impact (question on bond categories, not on whether munis make tax sense)

I'm not sure why you think that the Vanguard Intermediate Tax-Exempt Fund would have to make a conscious effort to "transition" to some other sector than refunded bonds. I look at its holdings over time and I think that generally its prerefunded bonds are bonds that it purchased before they were pre...
by Geologist
Sun Dec 24, 2017 9:12 pm
Forum: Investing - Help with Personal Investments
Topic: Blockchain Technology Companies and Funds/ETFs/Futures
Replies: 20
Views: 1823

Re: Blockchain Technology Companies and Funds/ETFs/Futures

You mean invest in the iced tea company that now claims it is a blockchain company? Any mutual fund or ETF that would specialize in this now would be just like the fad that your friends and family represent.