Search found 1279 matches

by Geologist
Sat Oct 12, 2019 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: 37% Estate Income Tax. Ouch!
Replies: 7
Views: 1562

Re: 37% Estate Income Tax. Ouch!

JGoneRiding wrote:
Sat Oct 12, 2019 6:34 pm
You definitely need to talk to someone. I would have thought you would get a step up.
The increase in value of savings bonds is not a capital gain, but an accumulation of interest. There is no step-up for this: tax on the interest must be paid eventually.
by Geologist
Fri Oct 11, 2019 12:45 pm
Forum: Personal Investments
Topic: “Upgrading” a regular Vanguard taxable account to a brokerage account
Replies: 14
Views: 1545

Re: “Upgrading” a regular Vanguard taxable account to a brokerage account

There are no particular implications. It is just a change of account form. It has no tax implications and there is no selling/buying: your holdings are just transferred as is from one to the other. All the cost basis information was preserved in my case. You could always record your basis informatio...
by Geologist
Thu Oct 10, 2019 7:31 pm
Forum: Personal Consumer Issues
Topic: Etiquette - [Tree] Leaves that aren’t yours
Replies: 11
Views: 1200

Re: Etiquette - Leaves that aren’t yours

This is surely governed by English common law: the rule of capture. Once the leaves come into your yard, they belong to you. I suppose you can blow them back, but you said the prevailing winds blow them your way, so the wind would tend to blow them back. You can't go over to the vacant lot and nail ...
by Geologist
Thu Oct 10, 2019 7:20 pm
Forum: Investing - Theory, News & General
Topic: Jorda Knoll Taylor paper in QJE - The Rate of Return on Everything, 1870–2015
Replies: 3
Views: 385

Re: Jorda Knoll Taylor paper in QJE - The Rate of Return on Everything, 1870–2015

One question is how good is the older data? Nisiprius has posted in several threads that the U.S. equity data before about 1930 is suspect. As I remember, this is particularly true for dividends. Unless these authors did their own original research to reconstruct equity pricing and yields in the ear...
by Geologist
Thu Oct 10, 2019 7:11 pm
Forum: Investing - Theory, News & General
Topic: Only Good Argument Against Indexed Funds
Replies: 14
Views: 2811

Re: Only Good Argument Against Indexed Funds

There have been a number of posters saying that there are poorly run companies. Of course, there are. However, what reason do we have to believe that managers of active funds can change the behavior of poorly performing companies or avoid them? It is not enough to assert that they could do so. Where...
by Geologist
Wed Oct 09, 2019 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Capital Loss on Sale of Inherited House
Replies: 11
Views: 1129

Re: Capital Loss on Sale of Inherited House

I disagree about the appraisal. The best indication of FMV is an arm’s length sale within a reasonable time after DOD. Use the sales price as your stepped up basis. Don’t waste your money on an appraisal. Gill The key is "reasonable time" - the IRS does not define this - and how much change there h...
by Geologist
Tue Oct 08, 2019 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: POA Reimbursement
Replies: 48
Views: 2785

Re: POA Reimbursement

Whether some people can get away with things with POA is not material. People get away with breaking many laws; that doesn't make it legal or right. I don't believe I've seen a single post in this tread where somebody suggested it would be "legal or right." Not sure what your point is here..... You...
by Geologist
Tue Oct 08, 2019 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: POA Reimbursement
Replies: 48
Views: 2785

Re: POA Reimbursement

One potential risk is that when she dies, others who receive any proceeds of her estate might take exception to such reimbursement. Yep, I could certainly see that happening! :P That said, from a practical standpoint, how would anybody ever know? Let's say I'm granted a DPOA for a mentally incapaci...
by Geologist
Tue Oct 08, 2019 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: What exactly is HH savings bond deferred interest?
Replies: 7
Views: 331

Re: What exactly is HH savings bond deferred interest?

The deferred interest was from exchanging E Bonds into H Bonds. H Bonds were issued at face value so there was no interest income at maturity. However, if an E Bond with $200 accrued interest was exchanged into an H Bond with a $500 face value, there would be $200 interest income at maturity of the...
by Geologist
Tue Oct 08, 2019 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: What exactly is HH savings bond deferred interest?
Replies: 7
Views: 331

Re: What exactly is HH savings bond deferred interest?

The face value includes the deferred interest. There is no separate payment. Whoever got the HH savings bond deferred paying interest on earlier EE savings bonds by having all the accumulated interest turned into the HH bond. You will owe tax on the deferred interest ($425 of the $500 for each HH bo...
by Geologist
Tue Oct 08, 2019 10:43 am
Forum: Personal Finance (Not Investing)
Topic: POA Reimbursement
Replies: 48
Views: 2785

Re: POA Reimbursement

Beyond the pure legalities, there are other considerations particularly for payments beyond out-of-pocket reimbursements. Some of these have been touched on, at least indirectly by earlier posters. First, are you an heir. Are their other heirs? What will other heirs, if there are any, think about yo...
by Geologist
Sat Oct 05, 2019 5:15 pm
Forum: Personal Investments
Topic: Vanguard - frequency of statements question
Replies: 9
Views: 608

Re: Vanguard - frequency of statements question

I have a Vanguard brokerage account and I get statements monthly. I do, however, have bond funds that pay dividends each month so there is always activity. On the other hand, I have an inherited IRA that is in a single mutual fund account (not a brokerage account) and it generates statements only qu...
by Geologist
Tue Sep 10, 2019 6:02 pm
Forum: Personal Investments
Topic: Unwanted Capital Gains in mutual fund index during a drawdown
Replies: 6
Views: 750

Re: Unwanted Capital Gains in mutual fund index during a drawdown

As the mutual funds and ETF’s for Vanguard are different share classes of the same fund, my understanding is that they will distribute the same capital gains, so changing to the ETF class will not protect you. Keep in mind too that if the market falls, the unrealized capital gains in the Total Stock...
by Geologist
Mon Sep 02, 2019 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Gifting part of RMD's to a 503c
Replies: 23
Views: 1147

Re: Gifting part of RMD's to a 503c

So I have Vanguard send a check from my IRA to the 501c3 QC in the yr. I turn 70.5 - then withdraw the remainder of my RMD for that yr. in that yr. Correct? Not quite correct. As some people farther up have stated, you must be at least 70.5 years old to make a QCD. Therefore, it is not enough to do...
by Geologist
Sat Aug 31, 2019 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes of Global Stocks in IRA
Replies: 10
Views: 380

Re: Taxes of Global Stocks in IRA

That seems to be the disadvantage of MF and ETF in IRA, I will have to pay income tax on them at the time of withdrawal. I'm not sure what you mean. For mutual funds and ETF's in taxable accounts, you are very likely to have taxes to pay every year. The same investments in an IRA can grow in a tax-...
by Geologist
Sat Aug 31, 2019 3:28 pm
Forum: Investing - Theory, News & General
Topic: Why does ETF not track the Admiral Mutual Fund?
Replies: 11
Views: 1189

Re: Why does ETF not track the Admiral Mutual Fund?

The ETF is priced based on what market trades occur, not on the net asset value (NAV). As a result, it can diverge from the NAV. Ther ETF structure is designed with mechanisms to keep it from diverging too much, but you should not expect its price to match the NAV exactly especially for one day resu...
by Geologist
Sun Aug 18, 2019 9:30 am
Forum: Investing - Theory, News & General
Topic: Why is VFIUX (intermediate treasurys) lagging behind its benchmark index?
Replies: 3
Views: 294

Re: Why is VFIUX (intermediate treasurys) lagging behind its benchmark index?

The fund's average maturity and duration is shorter than that of the benchmark index and this has been true for many years (I have the 2015 annual report immediately at hand, for example). Since it is not an index fund, it can follow this approach.
by Geologist
Sun Jul 21, 2019 6:14 pm
Forum: Personal Consumer Issues
Topic: CD music to iMac MojaveOS no CD drive
Replies: 14
Views: 884

Re: CD music to iMac MojaveOS no CD drive

When I put a CD in my external drive on my Mac, iTunes starts up and offers to import the CD.
by Geologist
Sun Jul 21, 2019 3:10 pm
Forum: Personal Consumer Issues
Topic: CD music to iMac MojaveOS no CD drive
Replies: 14
Views: 884

Re: CD music to iMac MojaveOS no CD drive

I bought an Apple External CD/DVD drive some time ago for my MacBook Pro plus I inherited one my mother had for her iMac. They have always worked when I need them. As others have said, once you get your CD's into the iMac, then the reliability is less of a concern.
by Geologist
Fri Jul 19, 2019 2:17 pm
Forum: Personal Investments
Topic: Admiral v Vanguard ETFs (Now with Lower Expense Ratio)
Replies: 3
Views: 349

Re: Admiral v Vanguard ETFs (Now with Lower Expense Ratio)

I don't think the difference in cost between Admiral and ETF shares is significant in dollars and cents. Keep in mind that the total annual cost of the Admiral shares of the Total Stock Market fund is $4 per $10,000 of account. Even if the ETF cost were zero, then that is not a significant differenc...
by Geologist
Mon Jul 15, 2019 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: 1099-B Non-Covered CD Basis
Replies: 9
Views: 904

Re: 1099-B Non-Covered CD Basis

If you hold brokered CD's, then their maturity is treated as a sale. As FactualFran has said, this means you need to report them on Form 8949. If these were new issue and you received the same value at maturity, then there is no capital gain or loss. You just enter the values manually. This is not c...
by Geologist
Fri Jun 07, 2019 11:10 am
Forum: Investing - Theory, News & General
Topic: [How ETFs use "Heartbeat trades" to avoid taxes, Vanguard's patent]
Replies: 116
Views: 7019

Re: Can't believe, Vanguard is leader of Heartbeat tradings?

OP, you mentioned this: Gone are days of buy and hold. This activity actually rewards buy and hold investors, as they aren't hit with capital gains generated in their investments from those selling their shares. Broken Man 1999 Buy Hold is good for preaching general public. But do fund manages actu...
by Geologist
Thu May 16, 2019 7:15 pm
Forum: Investing - Theory, News & General
Topic: Will ETFs Replace Traditional Funds
Replies: 87
Views: 5186

Re: Will ETFs Replace Traditional Funds

I will also mention that when I first became interested in investing in the mid-1980’s, people were arguing (correctly, in my opinion) that there was no longer any reason for anyone to invest in load mutual funds. It is now more than 30 years and load mutual funds have not disappeared. Haven't they...
by Geologist
Thu May 16, 2019 4:05 pm
Forum: Investing - Theory, News & General
Topic: Will ETFs Replace Traditional Funds
Replies: 87
Views: 5186

Re: Will ETFs Replace Traditional Funds

I am certainly with nisiprius overall. I will also mention that when I first became interested in investing in the mid-1980’s, people were arguing (correctly, in my opinion) that there was no longer any reason for anyone to invest in load mutual funds. It is now more than 30 years and load mutual fu...
by Geologist
Thu May 16, 2019 4:04 pm
Forum: Investing - Theory, News & General
Topic: Will ETFs Replace Traditional Funds
Replies: 87
Views: 5186

Re: Will ETFs Replace Traditional Funds

Let's do the math. Hypothetical drop from 10 basis points to 9 basis points on $100K investment is $10 per year. It is reasonable that convenience of purchasing mutual funds in dollars not ETFs in integer shares is worth $10 per year to someone. Yes, let us do the math - but let us do it from the o...
by Geologist
Sun May 12, 2019 3:45 pm
Forum: Investing - Theory, News & General
Topic: Municipal Bond Mutual Funds and ETFs - Does it matter what state you live in?
Replies: 9
Views: 929

Re: Municipal Bond Mutual Funds and ETFs - Does it matter what state you live in?

The 1099-DIV will not be broken down by state. It is basically a federal form in a format specified by the IRS and will only show the total amount of federally tax-exempt dividends. The fund's manager (e.g., Vanguard) will provide a separate document that specifies the percentage of income by state ...
by Geologist
Sat May 04, 2019 4:50 pm
Forum: Investing - Theory, News & General
Topic: Can muni funds fail like MBSes?
Replies: 6
Views: 708

Re: Can muni funds fail like MBSes?

A muni bond fund is not a mortgage-backed security. It is not even a security but a collection of securities, so don’t make that confusion. Muni default rates have historically been very low. Some municipals are riskier than others, but if you want to avoid risk, you should stick with Treasuries. (S...
by Geologist
Sun Apr 14, 2019 8:04 am
Forum: Personal Investments
Topic: GO versus Revenue ratio in Vanguard Muni Funds
Replies: 2
Views: 200

Re: GO versus Revenue ratio in Vanguard Muni Funds

I suppose it is possible that some place like Morningstar would have a total. I wouldn’t be looking in the prospectus in Vanguard’s literature to try and get information. The annual (and semi-annual reports) have lists of the bonds held by the fund. You can get a sense of the relative proportions by...
by Geologist
Wed Apr 03, 2019 6:17 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard consolidated 1099-DIV does not match the individual statements
Replies: 8
Views: 997

Re: Vanguard consolidated 1099-DIV does not match the individual statements

You can certainly enter separate forms from Vanguard as separate items in Turbotax. I did last year when I filed for converting in 2017 from mutual fund to the brokerage platform. You just give them names appropriate to the names on the forms.
by Geologist
Sat Mar 30, 2019 7:45 pm
Forum: Investing - Theory, News & General
Topic: Net expense ratios of SCV ETFs after securities lending
Replies: 10
Views: 473

Re: Net expense ratios of SCV ETFs after securities lending

Many people don’t memorize the tickers so it would help if you gave the names of the funds. I assume that the net income from securities lending is described in each fund’s annual reports (it generally is for Vanguard funds), so you should look there. If you would consider mutual funds, the Vanguard...
by Geologist
Sat Mar 30, 2019 4:05 pm
Forum: Investing - Theory, News & General
Topic: Roth IRA, Income Limits, Backdoor
Replies: 23
Views: 1381

Re: Roth IRA, Income Limits, Backdoor

In addition, logic is not really a major element of the process, so you shouldn't be looking for it.
by Geologist
Sat Mar 30, 2019 4:03 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's 500 Fund Investor Class (VFINX) Closed To New Investors
Replies: 13
Views: 1903

Re: Vanguard's 500 Fund Investor Class (VFINX) Closed To New Investors

The Fund isn't closed. The minimum of the Admiral Class of this fund has been reduced to $3000 (the minimum formerly for the Investor class), so you should invest in that lower cost class instead.
by Geologist
Sat Mar 30, 2019 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Question about Cashiers Check for tentative car purchase
Replies: 34
Views: 1734

Re: Question about Cashiers Check for tentative car purchase

I have been able to use a personal check to buy a car at a dealership (actually, I think it was a check on my Vanguard Money Market account). They ran a credit check but they took it. Thus, I was able to write the check at the dealership for the exact amount and your question didn't arise.
by Geologist
Sun Mar 24, 2019 7:30 pm
Forum: Personal Investments
Topic: Vanguard Fund "Numbers"
Replies: 3
Views: 486

Re: Vanguard Fund "Numbers"

Each fund does have a number and the number is listed on the Vanguard website on each fund's overview (for example, the Federal Money Market is Fund 0033) but I don't know of any way to get a simple list of funds with their numbers attached. You used to have to write the numbers on checks when makin...
by Geologist
Sun Mar 24, 2019 6:32 pm
Forum: Investing - Theory, News & General
Topic: Negative Bond Yields?
Replies: 30
Views: 3210

Re: Negative Bond Yields?

If you are a large financial institution and you have 1 billion euros to invest, you can't stick it in a mattress in your bank, so you need to buy government bonds.
by Geologist
Sun Mar 24, 2019 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Struggling with state tax module and out of state income
Replies: 7
Views: 372

Re: Struggling with state tax module and out of state income

Aha, thanks Jeb for the explanation, likely the situation here. Can I at least request refund from the non-resident state then? If you were living in the previous state when you earned the income listed on the W-2, you almost surely owe the tax to that state. Even if you were just in the state for ...
by Geologist
Tue Mar 19, 2019 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: Should we have renters insurance?
Replies: 68
Views: 3993

Re: Should we have renters insurance?

No. Renters insurance is a total waste of money. In my lifetime I have known a lot of renters. Few had renters insurance. Not one of those that had it ever made a claim. My father had large amounts of life insurance when his children (which obviously included me) were young, and he failed to die. D...
by Geologist
Tue Mar 19, 2019 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Should we have renters insurance?
Replies: 68
Views: 3993

Re: Should we have renters insurance?

What about your clothes? They cost money so that is another item to add to the list that renters insurance covers.

In fact, you just list large items, but small items can sum to an amount worth insuring too.
by Geologist
Thu Mar 14, 2019 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Bright daughter wants to work for nonprofit
Replies: 103
Views: 8535

Re: Bright daughter wants to work for nonprofit

It seems to me that Harry Truman said the best way to get a child to do what you want in life is to find out what they want to do and advise them to do it. I don't understand that quote. Are you saying children will do the opposite of what you advise them to do, and therefore you should tell them t...
by Geologist
Wed Mar 13, 2019 9:00 pm
Forum: Investing - Theory, News & General
Topic: Are Vanguard Mutual Funds dying?
Replies: 152
Views: 17142

Re: Are Vanguard Mutual Funds dying?

Thanks for all the answers, but main OP question seems not addressed I'm talking exclusively to those cases where there is an ETF and a equivalent MF For a buy and hold investor, is there anything that compensates a higher ER (even just 0.01%)? Spread, dividend drag and others don't seem enough rea...
by Geologist
Wed Mar 13, 2019 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Bright daughter wants to work for nonprofit
Replies: 103
Views: 8535

Re: Bright daughter wants to work for nonprofit

It seems to me that Harry Truman said the best way to get a child to do what you want in life is to find out what they want to do and advise them to do it.
by Geologist
Tue Mar 12, 2019 5:28 pm
Forum: Investing - Theory, News & General
Topic: Are Vanguard Mutual Funds dying?
Replies: 152
Views: 17142

Re: Are Vanguard Mutual Funds dying?

Nobody answered my OP question This is strictly related to Vanguard Admiral Funds vs ETFs. For a typical BH BH (buy-and-hold boglehead) investor, why would you pay extra ER when holding a MF? Some have talked about spread and the inability to create new shares. But I think this is mostly a small ex...
by Geologist
Tue Mar 12, 2019 6:38 am
Forum: Investing - Theory, News & General
Topic: Are Vanguard Mutual Funds dying?
Replies: 152
Views: 17142

Re: Are Vanguard Mutual Funds dying?

Vanguard has mutual fund share classes that are cheaper than ETF's in the same funds, so there is no "automatic" that ETF's are cheaper to maintain. Further, at current expenses, the dollar levels are not significant among these. There are also many mutual funds that have no ETF equivalents (conside...
by Geologist
Tue Mar 12, 2019 6:27 am
Forum: Personal Finance (Not Investing)
Topic: Why do MM funds at brokerages get more interest than MM accounts at banks?
Replies: 12
Views: 1751

Re: Why do MM funds at brokerages get more interest than MM accounts at banks?

The banks set their interest rates at whatever levels attract customers. These don't have to have anything to do with the actual rates paid by money market instruments. Customers may just put money in bank MM accounts from inertia. It all depends on the time period. My credit union was paying higher...
by Geologist
Fri Mar 08, 2019 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard lowered cost of some ETFs but not VTI
Replies: 8
Views: 1130

Re: Vanguard lowered cost of some ETFs but not VTI

Keep in mind too what the dollar figure is of expenses at this level: 0.03% runs to $30 (total) per $100,000 invested per year. This is a trifling cost and reductions from it are not worth worrying about. As other posters point out, the daily fluctuations in value of $100,000 portfolios dwarf this.
by Geologist
Fri Mar 08, 2019 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Cost basis date to use for inherited stock
Replies: 17
Views: 1703

Re: Cost basis date to use for inherited stock

My husband inherited a stock when his mother died. She died Jan 2013 but the stock didn't get transferred from her trust to my husband's account until December 2014. He sold all the stock in 2018. Would his cost basis be the day of his mother's death or the day it was transferred to my husband's ac...
by Geologist
Mon Feb 25, 2019 6:11 pm
Forum: Personal Investments
Topic: The future of BMBIX
Replies: 10
Views: 1047

Re: The future of BMBIX

What do the managers of BMBIX say they are going to do going forward as the supply of pre-refunded bonds disappears? (This is not a snide comment; I don't own BMBIX, but the managers had better have a plan and should be sharing it with the fund shareholders. It has been a year since the pre-refundin...
by Geologist
Sun Feb 24, 2019 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Claiming vehicle depreciation
Replies: 1
Views: 222

Re: Claiming vehicle depreciation

This sounds like an unreimbursed business expense for an employee (both the depreciation and difference in the mileage reimbursement, although mileage rates include depreciation). These used to be part of the miscellaneous deductions subject to the 2% floor, but miscellaneous deductions have been el...
by Geologist
Sun Feb 03, 2019 9:55 am
Forum: Investing - Theory, News & General
Topic: [Seeking Alpha: The Dark Side Of John Bogle's Legacy]
Replies: 72
Views: 6936

Re: [Seeking Alpha: The Dark Side Of John Bogle's Legacy]

Doc, You keep changing your story. In your post from Saturday 9:07 am, you stated “An active bond fund does not necessarily have a higher turnover than an index fund. In fact the opposite is likely.” This morning, you gave an explanation about active bond funds riding the yield curve while increasin...
by Geologist
Sun Feb 03, 2019 9:17 am
Forum: Personal Investments
Topic: Kindergarten-level question about Money Market fund
Replies: 19
Views: 1951

Re: Kindergarten-level question about Money Market fund

I agree with fortyofforty. I have a "money market" account at my credit union and a Vanguard Money Market fund. I move money between them depending on which is paying higher interest. The changeover doesn't happen very often. For many years, I would have said the Vanguard Money Market generally paid...