Search found 243 matches

by MrJones
Tue Jan 22, 2019 3:19 pm
Forum: Investing - Help with Personal Investments
Topic: Help me understand why I need bonds
Replies: 19
Views: 1357

Re: Help me understand why I need bonds

You don't seem to be accounting for how the market downturn changes your AA. That will in turn change your numbers, causing you to automatically withdraw more (not all) from bonds during equity-only downturns. Also, one can't withdraw an arbitrary amount from an arbitrary asset class at an arbitrary...
by MrJones
Mon Jan 21, 2019 3:37 am
Forum: Investing - Help with Personal Investments
Topic: Does anyone have entire 401K in bonds?
Replies: 56
Views: 5544

Re: Does anyone have entire 401K in bonds?

MrJones, thanks for the time spent on this and the awesome insight! I always admire the ones who take time out of their day to give deep responses like this! You're most welcome! I've benefited likewise from many here, and so have lots of others :). I wanted to reply to your replies, so hopefully t...
by MrJones
Mon Jan 21, 2019 1:33 am
Forum: Investing - Help with Personal Investments
Topic: Automatic 401k closure - what to do?
Replies: 1
Views: 258

Re: Automatic 401k closure - what to do?

Do you know for sure if it's being treated as a withdrawal? Sounds to me like she just is receiving that money as regular income instead, which is exactly what you want, correct? Of course, tax will be withheld on it because it wasn't originally withheld on it when it was previously contributed to 4...
by MrJones
Fri Jan 18, 2019 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Schwab to Vanguard ?
Replies: 44
Views: 3116

Re: Schwab to Vanguard ?

If at all this is of concern, the Schwab Android app is much better than Vanguard's. It's fast, snappy, and very usable, whereas Vanguard's is so unresponsive and poorly designed that it leads to frustration each time I use it.
by MrJones
Thu Jan 17, 2019 5:22 am
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 853
Views: 45154

Re: John Bogle has died at age 89

Mr. Bogle regularly gave half his salary to charities.

“My only regret about money,” he said in 2012, “is that I don’t have more to give away.”

https://www.nytimes.com/2019/01/16/obit ... -dead.html
by MrJones
Thu Jan 17, 2019 5:06 am
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 853
Views: 45154

Re: John Bogle, who founded Vanguard and revolutionized retirement savings, dies at 89

He could’a been a billionaire. Instead he made hundreds of thousands of us investors millionaires. and I love this comment from William Bernstein in the Philly Enquirer piece: “He basically chose to forgo an enormous fortune to do something right for millions of people. I don’t know any other story...
by MrJones
Mon Jan 14, 2019 1:31 am
Forum: Personal Finance (Not Investing)
Topic: Tax filing software
Replies: 47
Views: 2626

Re: Tax filing software

You are paying $40 or whatever because the makers of TaxAct are paying their software developers, product managers, doc writers, QA engineers, accountants, ... a salary to produce the software. TaxAct (and many other companies that make tax software) also uses some of that $40 to lobby against simp...
by MrJones
Mon Jan 14, 2019 1:27 am
Forum: Personal Finance (Not Investing)
Topic: Tax filing software
Replies: 47
Views: 2626

Re: Tax filing software

https://sites.google.com/site/excel1040/ is a person offering a free Excel sheet that computes taxes. Donations accepted. Disclaimer: I have nothing to do with this site, but I've used his sheet, and donate, and it is extremely well done. Another advantage of not buying software is you don't support...
by MrJones
Mon Jan 14, 2019 1:18 am
Forum: Investing - Help with Personal Investments
Topic: Does anyone have entire 401K in bonds?
Replies: 56
Views: 5544

Re: Does anyone have entire 401K in bonds?

1. Absolutely, I have for a long time. This is a natural consequence of tax efficient placement since my bond allocation exceeds my 401k space, same as you. 2. I would personally pick the Fido, since the Voya includes corporate bonds (riskier). General wisdom is to "take the risk on the equity side"...
by MrJones
Sat Jan 12, 2019 5:22 pm
Forum: Investing - Help with Personal Investments
Topic: Rollover - why checks instead of wiring funds?
Replies: 42
Views: 2479

Re: Rollover - why checks instead of wiring funds?

This is common. They mail the check (made out to the new custodian) to the last known address of the employee . Yep. My last megacorp had multiple unsynced address databases. Enough said. It took me months and months, and tens of hours of my time to get the rollover done. Unbelievable in this day a...
by MrJones
Tue Jan 08, 2019 2:31 am
Forum: Investing - Help with Personal Investments
Topic: UC quarterly fee liquidating total market fund
Replies: 2
Views: 318

Re: UC quarterly fee liquidating total market fund

It's $35 a year. Unless your total portfolio is less than $350, you're definitely overthinking it. It's not worth the time to make a post here IMHO. is the rest of your portfolio so accurately balanced all the time that a $35 fee will throw it off? What's the cost to you of a portfolio that's off by...
by MrJones
Mon Jan 07, 2019 2:55 am
Forum: Investing - Theory, News & General
Topic: Embarrassed to ask... dividends and Total Return
Replies: 39
Views: 4744

Re: Embarrassed to ask... dividends and Total Return

Your confusion arises from thinking that reinvested dividends are something special about the fund. They aren't. It's just your broker taking your dividend and automatically buying additional shares on your behalf. drk nailed it. Turn off reinvested dividends, and instead take the dividends that yo...
by MrJones
Mon Jan 07, 2019 2:49 am
Forum: Personal Finance (Not Investing)
Topic: $40,000 in debt, bankruptcy seems to be the best option right now
Replies: 258
Views: 20289

Re: $40,000 in debt, bankruptcy seems to be the best option right now

Your problem is that you don't know how to spend like you should for your income. I would even consider selling the house and renting an apartment. Your spending is out of control. As harsh as it sounds this post nails it. You have plenty of income. To live a comfortable life, you shouldn't have to...
by MrJones
Sun Jan 06, 2019 8:30 pm
Forum: Personal Consumer Issues
Topic: Thoughts on Buying a Ryan Home?
Replies: 30
Views: 3074

Re: Thoughts on Buying a Ryan Home?

Wouldn't outright trust online reviews, wouldn't outright discount them. If I were serious about avoiding buying into a massive headache and potential moneypit I would go to a Ryan neighborhood and talk to a bunch of people in person. +1 to both points. Online reviews are sometimes biased toward fo...
by MrJones
Fri Jan 04, 2019 2:21 am
Forum: Personal Finance (Not Investing)
Topic: Botched 401(k) Contributions
Replies: 23
Views: 1679

Re: Botched 401(k) Contributions

Over the course, I've dealt with similar 401k problems at two corporations. One, a small place, apologized and made me whole with a cash bonus the next month, so both of us could avoid paperwork, bless them. The other had a "too bad, we don't care, get lost" attitude and refused to fix it. In retros...
by MrJones
Tue Jan 01, 2019 10:11 am
Forum: Investing - Help with Personal Investments
Topic: Can I front-load 401k contributions?
Replies: 22
Views: 2538

Re: Can I front-load 401k contributions?

Oftentimes uncertainty trumps the mathematical optimal solution of a well defined problem. Exactly. In this case: - will you be with the same employer? Or will your new employer match at least at par with your old one? - will you remember to time the back loading correctly and activate it at the ri...
by MrJones
Tue Jan 01, 2019 1:37 am
Forum: Investing - Help with Personal Investments
Topic: Selling stocks long after vesting, and its impact on taxable income
Replies: 4
Views: 507

Re: Selling stocks long after vesting, and its impact on taxable income

Again, your use of "income tax bracket" is a bit ambiguous. I think what you mean is "marginal tax rate." Do you understand the distinction, and is the latter what you really mean?

Assuming that's what you mean:
1. Correct
2. Your guess is correct
3. Correct
by MrJones
Mon Dec 31, 2018 6:41 am
Forum: Personal Finance (Not Investing)
Topic: Automating expense tracking
Replies: 37
Views: 2593

Re: Automating expense tracking

I'm surprised the savvy people on this forum believe programs like Mint and Personal Capital are free. Just like Facebook and every other free service, you are the product, not the customer. Maybe that is an issue or maybe not. With Quicken you are likely the product as well...and still paying for ...
by MrJones
Mon Dec 31, 2018 6:37 am
Forum: Investing - Theory, News & General
Topic: What causes/creates the next bull market?
Replies: 17
Views: 1358

Re: What causes/creates the next bull market?

What causes/creates the next bull market?

My selling anything usually causes one.
by MrJones
Mon Dec 31, 2018 6:33 am
Forum: Investing - Help with Personal Investments
Topic: Selling stocks long after vesting, and its impact on taxable income
Replies: 4
Views: 507

Re: Selling stocks long after vesting, and its impact on taxable income

Yep, yeah, unclear*, and right. *Your usage of bracket and marginal rate is ambiguous. There are two marginal rates at work here: regular and long term capital gains. Your regular bracket will not be affected by your LTCG income. The latter gets stacked on top of the former and gets taxed at an LTCG...
by MrJones
Sun Dec 30, 2018 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Automating expense tracking
Replies: 37
Views: 2593

Re: Automating expense tracking

*Yodlee powers Fidelity full view.... Not according to Fidelity... Good to know. They used be powered by Yodlee, but have changed to eMoney whom they acquired, since the last time I checked. http://www.moneybluebook.com/yodlee-account-aggregation-and-fidelity-full-view/ https://www.reddit.com/r/per...
by MrJones
Sat Dec 29, 2018 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 903
Views: 233054

Re: What is your Year 2018 networth change?

even, as savings eclipsed equities loss. Best thing to invest in, is your career to raise income. Far better than index funds Well said. I find that understanding what it takes to get to the next level and spending the time and discipline in order to achieve that can pay back a lot. investing my ti...
by MrJones
Fri Dec 28, 2018 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Capital gains federal and state worksheet
Replies: 6
Views: 577

Re: Capital gains federal and state worksheet

That's very helpful, thanks a bunch grabiner, and kaneohe!
by MrJones
Thu Dec 27, 2018 6:18 pm
Forum: Investing - Theory, News & General
Topic: Will the real contrarians please stand up?
Replies: 58
Views: 3968

Re: Will the real contrarians please stand up?

The real contrarians are probably sitting down now...
by MrJones
Thu Dec 27, 2018 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Capital gains federal and state worksheet
Replies: 6
Views: 577

Re: Capital gains federal and state worksheet

Thank you for the detailed response kaneohe, most appreciated! 1) I see. When would bases differ between fed and state? 2) wouldn't HSA gain or loss offset or be offset by other taxable gain or loss? In other words is it really possible to just maintain a separate book for HSA, since it will be inte...
by MrJones
Thu Dec 27, 2018 5:26 am
Forum: Personal Finance (Not Investing)
Topic: Capital gains federal and state worksheet
Replies: 6
Views: 577

Capital gains federal and state worksheet

I'm wanting to keep track of the following using a spreadsheet, without depending on tax software: - Long term (LT) and Short term (ST) capital gains and losses - Net gains/losses, loss deduction against income taken if any, and carry forward The complicating factor is, I file in CA. Here are my que...
by MrJones
Wed Dec 26, 2018 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: Automating expense tracking
Replies: 37
Views: 2593

Re: Automating expense tracking

Light touch, low effort personal finance automation that is private and secure has been something I've searched for a couple decades now. 1. Simplification (previous posts have addressed this). I'll address one non traditional solution which might inspire you to find others. Our natural taskflow all...
by MrJones
Wed Dec 19, 2018 11:17 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvest Worth it?
Replies: 4
Views: 482

Re: Tax Loss Harvest Worth it?

black_knight_32 wrote:
Wed Dec 19, 2018 10:35 pm
Thank you! I have roughly $15k in short term capital losses. I’m assuming I should harvest those as well?
Of course, given your income! Just make sure you don't buy it for 30 days on either side of the transaction. And make sure you find good fund partners.
by MrJones
Wed Dec 19, 2018 10:14 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvest Worth it?
Replies: 4
Views: 482

Re: Tax Loss Harvest Worth it?

15% in Federal savings now is $75. Plus state savings if there are any. Remember the saying, a dollar of taxes deferred is a dollar saved. My personal philosophy is to be proficient and comfortable enough that TLHing takes 5 mins of my time doing and 5 mins at tax time. 10 minutes of my time for $75...
by MrJones
Tue Nov 20, 2018 6:26 pm
Forum: Personal Consumer Issues
Topic: LastPass vs BitWarden
Replies: 44
Views: 4796

Re: LastPass vs BitWarden

I would use BitWarden. I switched about a year ago from LastPass and I have been very happy. I like that it is FOSS. You don't have to worry about what BitWarden does with your data because you can go see for yourself! The short answer is nothing, they have no access to your data because it is encr...
by MrJones
Mon Nov 19, 2018 7:38 pm
Forum: Personal Consumer Issues
Topic: Electric wrench / screwdriver for the home auto mechanic
Replies: 27
Views: 1548

Re: Electric wrench / screwdriver for the home auto mechanic

Good to know, thank you!

Is it practical to use a regular (non-powered) wrench to break a nut loose (first 5% of the thread), and use a drill for the laborious part of the remaining 95% where not much torque is required? And inverse when tightening? Or will this not work or be unsafe for any reason?
by MrJones
Mon Nov 19, 2018 7:06 pm
Forum: Personal Consumer Issues
Topic: Electric wrench / screwdriver for the home auto mechanic
Replies: 27
Views: 1548

Electric wrench / screwdriver for the home auto mechanic

I'm wanting to lessen the effort of doing simple maintenance work on my car at home. A powered screwdriver / wrench would help immensely. Think of removing tires (lug nuts). However, I don't have the space or setup required for an air compressor or getting air tools. I'd much prefer something electr...
by MrJones
Sat Nov 10, 2018 11:51 pm
Forum: Personal Consumer Issues
Topic: Quick Turnaround for Passport Applications (No Payment for Expedited Processing)
Replies: 18
Views: 1679

Re: Quick Turnaround for Passport Applications (No Payment for Expedited Processing)

Yep, it took more or less the same time frame as the OP's, for a regular non-expedited application last year. Pleasant surprise.Cherry on top, the tracking system for the application online was incredibly well done. No need to sign up or login. The website gave excellent tracking information with a ...
by MrJones
Sat Nov 10, 2018 12:48 am
Forum: Personal Finance (Not Investing)
Topic: Doing taxes by hand
Replies: 83
Views: 5025

Re: Doing taxes by hand

https://sites.google.com/site/excel1040/ is a person offering a free Excel sheet that computer taxes. Donations accepted. Disclaimer: I have nothing to do with this site, but I've used his sheet to cross check my results and it is extremely well done. Another advantage of not buying software is you ...
by MrJones
Thu Nov 01, 2018 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Selling House Directly to Buyer
Replies: 28
Views: 2690

Re: Selling House Directly to Buyer

Do you have friends or family who are agents who could guide you through the process? I’m an attorney and my wife a commercial real estate agent who representants tenants, and we thought we could rep ourselves as buyers. We were way wrong, didn’t know what we were doing, and ultimately got an agent...
by MrJones
Fri Oct 26, 2018 11:58 am
Forum: Investing - Help with Personal Investments
Topic: short term loss vs long term loss when TLHing
Replies: 2
Views: 215

Re: short term loss vs long term loss when TLHing

Don't wait.

Short term losses are more valuable from a TLH perspective, but only if you have a short term gain (taxed higher than LT) to offset it against. Else it doesn't really matter.

https://www.investopedia.com/articles/i ... nd-tax.asp
by MrJones
Wed Oct 24, 2018 1:16 am
Forum: Investing - Theory, News & General
Topic: Do you use mobile apps to assist with your investments?
Replies: 27
Views: 2389

Re: Do you use mobile apps to assist with your investments?

The Vanguard app works very well for TLHing. It shows you your cost basis (taking into consideration your lots if you use specid) and therefore harvestable losses.
by MrJones
Sun Oct 14, 2018 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Need guidance on charting next life steps
Replies: 27
Views: 2179

Re: Need guidance on charting next life steps

If we assume financial goals are important, which they should be at the stage of your life, that effectively removes options 2 and 5. Options three and four are interesting in that they suffer from uncertainty and the loss of familiarity. Here's my perspective on that: you're young. Increasing your ...
by MrJones
Tue Oct 02, 2018 6:31 pm
Forum: Investing - Help with Personal Investments
Topic: Combating Analysis Paralysis
Replies: 17
Views: 1975

Re: Combating Analysis Paralysis

retiredjg wrote:
Tue Oct 02, 2018 4:30 pm
Mike your post contains entirely too much personal information. It should be deleted NOW.
Seriously. At least remove the birthdates pronto.
by MrJones
Mon Sep 17, 2018 2:37 pm
Forum: Investing - Theory, News & General
Topic: Why is it so much cheaper to borrow money in Euros?
Replies: 19
Views: 2212

Re: Why is it so much cheaper to borrow money in Euros?

euro loans have also much lower rates. euro bank accounts offer lower rates as well What I cannot understand is why USD value respect euro doesn't decrease at the difference of the rate. It would seem you can arbitrage the whole thing (get a loan in euros, invest in USD, pay back in Euros) Until yo...
by MrJones
Sun Sep 09, 2018 6:00 am
Forum: Personal Consumer Issues
Topic: Older Toyota/Honda/Similar owners: How often do you clean your car?
Replies: 36
Views: 2238

Re: Older Toyota/Honda/Similar owners: How often do you clean your car?

Exterior: I wax it well by hand, so it usually doesn't require another wash for 8 to 10 months. Occasionally I'll leave it outside and a drizzle will bring on a coat of dust that will nessicitate a wash in between. Interior: about the same frequency. I tend to keep it clean and nobody else rides in ...
by MrJones
Fri Aug 31, 2018 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: Last Will and testament involving very young children and 7 figure estate. What have you done?
Replies: 15
Views: 2174

Re: Last Will and testament involving very young children and 7 figure estate. What have you done?

TIAX wrote:
Fri Aug 31, 2018 3:43 pm
And 10 million doesn't. As others suggested, speak to an attorney that handles trusts and estates. Yes, you probably want a trust.
Talk about a non sequitur.
by MrJones
Fri Aug 31, 2018 4:02 am
Forum: Personal Finance (Not Investing)
Topic: Last Will and testament involving very young children and 7 figure estate. What have you done?
Replies: 15
Views: 2174

Re: Last Will and testament involving very young children and 7 figure estate. What have you done?

Starfish wrote:
Fri Aug 31, 2018 12:04 am
Having 10 million and asking legal advice on a forum is like asking medical advice about cancer on internet. Did you think about... lawyers?
Just wanted to point out that 1 million qualifies as a seven figure number.
by MrJones
Tue Aug 28, 2018 3:12 am
Forum: Personal Finance (Not Investing)
Topic: Man...opening a savings account with Ally is an arduous process.
Replies: 32
Views: 3524

Re: Man...opening a savings account with Ally is an arduous process.

I've opened accounts several times with Ally. If there's no problem, it gets opened online instantly. A letter is either a rejection (id verification failed), or a request for documentation. Unfortunately, in my experience, it's mostly been the former.

Hope it's the latter for you. Good luck!
by MrJones
Sat Aug 25, 2018 9:47 am
Forum: Investing - Help with Personal Investments
Topic: Game Changing Inheritance of Stocks! Now what?
Replies: 75
Views: 7183

Re: Game Changing Inheritance of Stocks! Now what?

I would NOT sell and keep them forever if you can. Have 2 BRKA shares worth $625K and do not plan to sell them. When I was in biz school in 95 each one was worth $30K and now it is $312K each...do the math..and you will see the power of compounding! If you "do the math", you'll conclude total marke...
by MrJones
Fri Aug 24, 2018 12:12 am
Forum: Investing - Help with Personal Investments
Topic: How to Begin with 1M
Replies: 117
Views: 15200

Re: How to Begin with 1M

Thanks for sharing what you've learned. Um, I'm not a financial novice--as in I've run three free-lance businesses including across Europe and Asia for 40 years--but an investment novice: gawd, that's the truth. What a pickle. About range of opinions--you don't seem to be recommending the 3-Fund Po...
by MrJones
Thu Aug 23, 2018 2:13 am
Forum: Investing - Help with Personal Investments
Topic: How to Begin with 1M
Replies: 117
Views: 15200

Re: How to Begin with 1M

I'm making serious life decisions by myself without any tools and taking time to ask pretty common sensical questions. I imagine you've made your financial decisions on the basis of an enormous body of real information and experience. I'm making this financial decision on the basis of a few emails ...
by MrJones
Thu Aug 23, 2018 2:03 am
Forum: Investing - Help with Personal Investments
Topic: How to Begin with 1M
Replies: 117
Views: 15200

Re: How to Begin with 1M

Oh MrJones, thank you so much for suggesting these different plans. I understand you put some thought into simplifying as much as possible. You've anticipated some of my questions, but here's another round--then I think I'll be good to go. If I've already used up your good will, maybe someone else ...
by MrJones
Wed Aug 22, 2018 11:25 am
Forum: Investing - Theory, News & General
Topic: The Bigger Story: Fidelity Expense Ratios
Replies: 98
Views: 11183

Re: The Bigger Story: Fidelity Expense Ratios

I believe pretty strongly in rewarding Vanguard as much as I can for being the reason behind these changes, even at Fidelity. I think it’s good for consumers to reward the right behaviors and structures, not just run to absolute lowest fees. Fidelity makes clear in their comms that they do this in ...