Search found 1171 matches

by Geologist
Tue May 08, 2018 8:44 am
Forum: Investing - Help with Personal Investments
Topic: Converting Admiral fund to ETF
Replies: 24
Views: 1468

Re: Converting Admiral fund to ETF

I tried to avoid investor shares. Even if the difference it's not that big 0.1% over the years is something In dollars, the difference is not big . For $9,999 (the maximum you could have in Investor shares without qualifying for Admiral), 0.1% extra would cost you $10 per year. For that to be signi...
by Geologist
Fri Apr 20, 2018 9:36 am
Forum: Investing - Theory, News & General
Topic: Where to find call dates for bonds in Vanguard Bond Funds
Replies: 19
Views: 965

Re: Where to find call dates for bonds in Vanguard Bond Funds

First, the duration will be shorter than the maturity date because that is the nature of duration (except for zero-coupon bonds). The duration is much shorter than maturity for the reason you mention. Second, I don't think you will be able to get the information you want. That is one of the "prices"...
by Geologist
Thu Apr 19, 2018 6:06 am
Forum: Investing - Theory, News & General
Topic: The cost of maintaining stable NAV in money market funds
Replies: 5
Views: 776

Re: The cost of maintaining stable NAV in money market funds

In the long ago (15+ years), Prime MM was rather higher than it is now. It seems to me it was up around 0.30%. I always had the impression that this was because it had to deal with all the expenses of checkwriting when it was the main money market fund.
by Geologist
Sat Apr 14, 2018 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: DAF question
Replies: 18
Views: 1234

Re: DAF question

There has been a general view that benefits that are nominal in value don’t affect the deductibility of the gift. Admission discounts may fall under that category for membership. However, as earlier posters have stated, it is the (Donor Advised) Fund that is making the donation and you are a third p...
by Geologist
Sun Apr 01, 2018 7:57 am
Forum: Investing - Theory, News & General
Topic: Brokered CDs
Replies: 17
Views: 2115

Re: Brokered CDs

If you look, some banks do not offer their brokered CDs in some states. While this is a limited limitation, it will apply to some purchasers. Other explanations: 1) banks only offer a limited amount of CD principal value. As the higher yields are purchased, that tends to mean the banks offering lowe...
by Geologist
Sun Apr 01, 2018 7:51 am
Forum: Personal Finance (Not Investing)
Topic: [Estate tax] on savings accounts?
Replies: 19
Views: 971

Re: death tax on savings accounts?

The answer depends on the state one lives in and maybe even on the state the beneficiary lives in. Previous responses have neglected to mention that a state has its own tax system beyond the Federal tax system. Based on the facts given, I was assuming the estate was below the limits of any state. G...
by Geologist
Sun Apr 01, 2018 7:50 am
Forum: Personal Finance (Not Investing)
Topic: [Estate tax] on savings accounts?
Replies: 19
Views: 971

Re: death tax on savings accounts?

Furthermore, none of this depends on whether the savings account is in your living trust or not. It is all part of your estate.
by Geologist
Thu Mar 29, 2018 7:43 am
Forum: Investing - Help with Personal Investments
Topic: bid-ask spread for limit orders
Replies: 24
Views: 1598

Re: bid-ask spread for limit orders

I agree with livesoft. For $3500, any Vanguard expense ratio is inconsequential in dollars and cents. The 0.19% expense ratio that "sounds high" will cost $6.65 per year. So even if you could find a fund that cost nothing, you would save less than $7 per year. You therefore need to make your choice ...
by Geologist
Sun Mar 25, 2018 6:35 pm
Forum: Investing - Theory, News & General
Topic: How old were you when you started spending your “principal”?
Replies: 90
Views: 8321

Re: How old were you when you started spending your “principal”?

I am not being hopelessly pedantic, although some readers may think I am. Principal is money somebody owes somebody else. If you own stocks, directly or indirectly, nobody owes you nothing. Capital is what you have, and it includes gains and losses. Principal only applies if you lent somebody money...
by Geologist
Sun Mar 25, 2018 6:17 pm
Forum: Investing - Help with Personal Investments
Topic: Can I contribute to a IRA (traditional or Roth) if my income is above $200K?
Replies: 4
Views: 461

Re: Can I contribute to a IRA (traditional or Roth) if my income is above $200K?

Also, you need to be younger than 70.5 to make a contribution to a traditional IRA. Therefore, the "backdoor" Roth IRA will not be available to you the year you reach that age or older.
by Geologist
Sat Mar 24, 2018 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: Reporting Interest on Schedule B
Replies: 14
Views: 848

Re: Reporting Interest on Schedule B

I also go by the institution. I get a 1099 from the Hornswogglers Bank and it just gives a total at the bottom (even if it lists each account separately), so I just list Hornswogglers Bank and the total amount on the tax forms.
by Geologist
Tue Mar 20, 2018 9:24 pm
Forum: Investing - Help with Personal Investments
Topic: Need help with Tax Exempt Money Market Fund
Replies: 9
Views: 997

Re: Need help with Tax Exempt Money Market Fund

Thanks for all the tips, I really appreciate it. I just don't like owing taxes at the end of the year, I'd rather get a lower monthly dividend. Just one more quick question, if i transfer my PRIME money market into the Tax Exempt one - would I expect any "capital gains" tax? My guess is no because ...
by Geologist
Sun Mar 18, 2018 9:25 am
Forum: Investing - Theory, News & General
Topic: TIAA traditional question
Replies: 14
Views: 1082

Re: TIAA traditional question

I don't think you can get specific numbers or an equation. My father and then my mother as a survivor received payments from a Traditional TIAA annuity for a total of 32 years. It included the base amount plus "additional payments". The additional payments increased over the years, but these were de...
by Geologist
Sun Mar 18, 2018 8:02 am
Forum: Investing - Help with Personal Investments
Topic: How best to use carryover capital losses?
Replies: 17
Views: 1454

Re: How best to use carryover capital losses?

2. I'd always thought that you can use up only $3k/year of losses max. But apparently you can use all your losses against your gains. Where does the $3k limit come from? I appreciate any and all feedback on this! :sharebeer The $3000 limit applies to the use of capital losses against ordinary incom...
by Geologist
Sun Mar 18, 2018 7:53 am
Forum: Personal Finance (Not Investing)
Topic: Tax Exemptions, W-4s, and Tax Liability
Replies: 12
Views: 829

Re: Tax Exemptions, W-4s, and Tax Liability

I see nothing wrong with having an additional dollar amount of withholding. It is what I do and the advantage of doing so is that it makes fine tuning throughout the year easier. That is, it is simpler to change the additional dollar amount up and down than to change the number of exemptions.
by Geologist
Sun Mar 11, 2018 2:31 pm
Forum: Investing - Help with Personal Investments
Topic: Buying a plot of land for retirement
Replies: 35
Views: 3301

Re: Buying a plot of land for retirement

Raw land is one of the worse investments on the planet (exaggeration :shock: kidding). Because: It has the lowest rate of property appreciation and predictability compared to improved lots (built on). It does not earn money (unless you rent it out for some type of use). It costs money to own (insur...
by Geologist
Sun Mar 04, 2018 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: How to recover 2016 income tax inappropriately withheld?
Replies: 7
Views: 362

Re: How to recover 2016 income tax inappropriately withheld?

I agree with earlyout. Line 71 is not the right line for you to be looking at. That line is only for people who paid excess social security taxes (FICA) while working (hence the statement about W2 employers). Your mother had income taxes withheld from this social security payment. It is an income ta...
by Geologist
Sun Feb 25, 2018 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: Moving Fla to PA Before Filing Income Tax
Replies: 9
Views: 512

Re: Moving Fla to PA Before Filing Income Tax

Your friends should also be ready to demonstrate when their PA-sourced residency and income commenced. I assume they have a job there, so the starting date for that would be easy to document. (That is what I did for NC.) If they are retired, there are other methods of showing when they arrived.
by Geologist
Sun Feb 25, 2018 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: Moving Fla to PA Before Filing Income Tax
Replies: 9
Views: 512

Re: Moving Fla to PA Before Filing Income Tax

I moved from Texas to North Carolina to start a job on January 15, 2001. In 2002, I received a letter of inquiry from the NC Dept of Revenue asking why I hadn't filed a NC state income tax return (or any state income tax return for the tax year 2000). This was after I filed my first NC state income ...
by Geologist
Sat Feb 24, 2018 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: bypass trusts still good?
Replies: 8
Views: 696

Re: bypass trusts still good?

In some states, there are estate/inheritance taxes for which bypass trusts can be useful. Having said that, you say you have received advice from your lawyer (who I presume is experienced with estate law for your state and knows your situation). Why then ask for advice on an anonymous forum? While t...
by Geologist
Sat Feb 24, 2018 8:09 am
Forum: Investing - Theory, News & General
Topic: Vanguard Prime Money Market Fund (VMMXX) breaks 1.00 (% not $)
Replies: 180
Views: 33515

Re: Vanguard Prime Money Market Fund (VMMXX) breaks 1.00 (% not $)

I use GS Savings which is paying 1.5%, but I see VMMXX is paying 1.5% now so thoughts are I will move some money to this so that I can move it quickly if there is a buying opportunity in equities. Question, how risky is VMMXX. How are they able to hold $1 for so long when I see their portfolio is 7...
by Geologist
Sun Feb 18, 2018 4:30 pm
Forum: Investing - Help with Personal Investments
Topic: Muni Bond market
Replies: 29
Views: 3004

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: 1919

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: 723

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: 426

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: 951

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: 1335

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: 698

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: 8275

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: 413

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: 2281

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: 1463

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: 5199

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: 9
Views: 1239

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: 1561

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: 1159

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: 24932

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: 24932

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: 799

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: 24932

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: 518

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: 275

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: 111
Views: 14939

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: 1023

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: 594

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: 8057

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: 1425

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: 8057

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: 1425

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: 8057

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?