Search found 45 matches

by ProfLA
Sun Sep 02, 2018 2:29 pm
Forum: Investing - Help with Personal Investments
Topic: Help evaluate my financial situation
Replies: 27
Views: 2402

Re: Help evaluate my financial situation

Once OP sells all real estate he will have about $14M in liquid assets. His sole child is a hard working MD. Of their current $160k expenses, $40k is property tax, they give a lot to charity and send money to family abroad. OP is frugal in his cars and vacations. And you advise cutting back expense...
by ProfLA
Sat Jun 30, 2018 5:24 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1937
Views: 359001

Re: What are you up YTD? [Year To Date]

So what is the point of this thread? Does not seem very helpful... That is a good question. I think most people actually don't calculate their portfolio performance correctly anyways. But I do think one should compare the performance of their portfolio to a suitable benchmark. That would require on...
by ProfLA
Sat Jun 30, 2018 5:23 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1937
Views: 359001

Re: What are you up YTD? [Year To Date]

I reviewed (quickly so mea culpa if I missed anything) one full year of posts on this thread and 14/14 stock pickers reported beating, (usually smashing) equity indices. Apparently this thread thoroughly disproves the Boglehead dictum that it is folly to try to outperform the markets. Time to sell ...
by ProfLA
Sat Jun 30, 2018 10:01 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1937
Views: 359001

Re: What are you up YTD? [Year To Date]

tolerable2323 wrote:
Mon Sep 04, 2017 12:25 am
Dont feel upset if/when theirs a bear market a lot of ppl are going to proudly show there 30/70 -0/100 allocation.
I think the foil to my post immediately above is somewhere in this excellent prediction :D :D
by ProfLA
Sat Jun 30, 2018 9:58 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1937
Views: 359001

Re: What are you up YTD? [Year To Date]

I reviewed (quickly so mea culpa if I missed anything) one full year of posts on this thread and 14/14 stock pickers reported beating, (usually smashing) equity indices. Apparently this thread thoroughly disproves the Boglehead dictum that it is folly to try to outperform the markets. Time to sell a...
by ProfLA
Sat Jun 30, 2018 8:57 am
Forum: Investing - Help with Personal Investments
Topic: How much of your taxable holdings is unrealized capital gains?
Replies: 58
Views: 5338

Re: How much of your taxable holdings is unrealized capital gains?

I plan to retire @ 55 in 3 years. i-ORP has me taking out of taxable from 55-62 and taking cap gains @ 0%. It also has me doing 401k-Roth conversions from 55-62 up to the top of the current 12% bracket. Then it's all Roth after that. Appreciate the information, I will check i-ORP to see what it rec...
by ProfLA
Fri Jun 29, 2018 10:52 am
Forum: Investing - Help with Personal Investments
Topic: How much of your taxable holdings is unrealized capital gains?
Replies: 58
Views: 5338

Re: How much of your taxable holdings is unrealized capital gains?

+1. i-ORP gave me a plan where I pay no taxes on my unrealized cap gains which are about 20% of my taxable account. It also showed me how to convert all of my 401k @ 12% fed tax before I hit RMD's. Considering my current cap gains tax is 24% and my marginal income tax rate is 40% (federal+state), t...
by ProfLA
Mon Jun 25, 2018 11:32 pm
Forum: Personal Finance (Not Investing)
Topic: Pre nups.
Replies: 70
Views: 8989

Re: Pre nups.

I mean everything acquired after marriage would be divided equally in a community property state in the absent of a pre-nup. That includes gain/loss on assets acquired pre-marriage, gains in IRA's, 401k's. To answer your second question: you will need legal advice because each state has different l...
by ProfLA
Mon Jun 25, 2018 11:10 pm
Forum: Personal Finance (Not Investing)
Topic: Pre nups.
Replies: 70
Views: 8989

Re: Pre nups.

Is your state a community property state? If it is, everything is joint after marriage. Everything after marriage will be split right down the middle. Yes, California. I'm not sure I understand fully what you mean when you say "everything is joint after marriage". If you mean everything, including ...
by ProfLA
Mon Jun 25, 2018 10:58 pm
Forum: Personal Finance (Not Investing)
Topic: Pre nups.
Replies: 70
Views: 8989

Re: Pre nups.

And this definitely isn't legal advice but if you don't comingle assets (i.e. you keep everything you make before marriage separate and don't add joint contributions), that asset isn't considered martial and doesn't get split in a divorce. Obviously somewhat state specific. And those assets will be...
by ProfLA
Thu Jun 21, 2018 12:12 am
Forum: Investing - Help with Personal Investments
Topic: How much of your taxable holdings is unrealized capital gains?
Replies: 58
Views: 5338

Re: How much of your taxable holdings is unrealized capital gains?

I have also been curious about this.

I'm 52. 26% unrealized capital gains in taxable. Have 12k in carryover capital loss.
by ProfLA
Sat Nov 25, 2017 11:36 am
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 309
Views: 33748

Re: Anyone tired of the stock market going up?

At one of the card clubs, a player came to my poker table once complaining that at his last table, he hadn't won a hand in three hours, and that he felt like it was fixed against him. One of the sharks at my table shook his head and said "If it was fixed, they would have let you won a few!" :happy Y...
by ProfLA
Sun Nov 12, 2017 1:47 pm
Forum: Investing - Help with Personal Investments
Topic: What's your weighted average expense ratio?
Replies: 65
Views: 4470

Re: What's your weighted average expense ratio?

0.147% overall.

Further breakdown:

Fixed income 36 % of portfolio ER 0.29 (Have some actively managed bonds, munis with relatively high ER's)
International equities 17 % of portfolio ER 0.11
Domestic equities 48 % of portfolio ER 0.05
by ProfLA
Mon Nov 06, 2017 7:55 pm
Forum: Investing - Help with Personal Investments
Topic: Convert VBMFX to BND?
Replies: 2
Views: 420

Re: Convert VBMFX to BND?

Sure. What else is available in the Solo 401k, though? Is it just the regular Schwab brokerage platform in terms of products offered and fee schedule? I am able to purchase anything in the regular Schwab brokerage platform. I am usually able to get trading fees waived so those are not an issue. Sch...
by ProfLA
Mon Nov 06, 2017 7:06 pm
Forum: Investing - Help with Personal Investments
Topic: Convert VBMFX to BND?
Replies: 2
Views: 420

Convert VBMFX to BND?

I currently have about 200k in VBMFX (ER 0.15) in my solo 401k at Schwab. I am thinking of converting these to the equivalent Vanguard ETF BND (ER 0.05) . My sole reason for doing is the lower expense ratio. I anticipate holding these shares until at least when RMD's begin which is about 18 years aw...
by ProfLA
Mon Nov 06, 2017 4:37 pm
Forum: Personal Consumer Issues
Topic: WSJ Digital Subscription - a bargain!
Replies: 114
Views: 37952

Re: WSJ Digital Subscription - a bargain!

I dug a little deeper, and they are using a third-party service to verify educational status. You will have to go to the third-party site and enter your birthdate and institutional information. It's a site I haven't heard of, but they are making an effort to dig beyond having .edu. Thanks for shari...
by ProfLA
Mon Nov 06, 2017 2:13 pm
Forum: Personal Consumer Issues
Topic: WSJ Digital Subscription - a bargain!
Replies: 114
Views: 37952

Re: WSJ Digital Subscription - a bargain!

I apologize if this is common knowledge here, but I just found out a few months ago that the Washington Post gives free access for anyone who verifies with .gov, .mil, or .edu email addresses. Hope that helps someone else. +1. I take full advantage of my .edu alumni address. I have been taking adva...
by ProfLA
Sun Nov 05, 2017 6:55 pm
Forum: Investing - Help with Personal Investments
Topic: Please critique tax efficiency of my portfolio
Replies: 18
Views: 2044

Re: Please critique tax efficiency of my portfolio

Longdog wrote:
Sun Nov 05, 2017 5:42 am
I probably have enough to retire now, but a little more is icing on the cake. And I like icing! :happy
:) :) I like icing too, it's so addictive!! In this case, I hope I don't die eating it though!!
by ProfLA
Sun Nov 05, 2017 6:51 pm
Forum: Investing - Help with Personal Investments
Topic: Please critique tax efficiency of my portfolio
Replies: 18
Views: 2044

Re: Please critique tax efficiency of my portfolio

I think for some situations, munis in taxable have additional financial benefits (harder to calculate than tax equivalent yield) beyond current tax exempt status. If you can convert more into Roth accounts at lower tax rates, that’s less in taxes you’d eventually pay. This would have the biggest be...
by ProfLA
Sun Nov 05, 2017 6:40 pm
Forum: Investing - Help with Personal Investments
Topic: Please critique tax efficiency of my portfolio
Replies: 18
Views: 2044

Re: Please critique tax efficiency of my portfolio

I would bet on the 35% too. OP, If you don't do your own taxes this online calculator is quick and easy. https://www.hrblock.com/get-answers/tax-calculators.html#/en/te/aboutYou JW Thanks JW, that's a nice site for me to estimate taxes. Using it, the effect of increased W-2 income on federal taxes ...
by ProfLA
Sun Nov 05, 2017 1:40 pm
Forum: Personal Consumer Issues
Topic: bidets
Replies: 35
Views: 4010

Re: bidets

Deleted.
by ProfLA
Sun Nov 05, 2017 12:29 pm
Forum: Personal Consumer Issues
Topic: WSJ Digital Subscription - a bargain!
Replies: 114
Views: 37952

Re: WSJ Digital Subscription - a bargain!

I apologize if this is common knowledge here, but I just found out a few months ago that the Washington Post gives free access for anyone who verifies with .gov, .mil, or .edu email addresses. Hope that helps someone else. +1. I take full advantage of my .edu alumni address. I have been taking adva...
by ProfLA
Sat Nov 04, 2017 2:31 pm
Forum: Investing - Help with Personal Investments
Topic: Please critique tax efficiency of my portfolio
Replies: 18
Views: 2044

Re: Please critique tax efficiency of my portfolio

You should consider doing Roth conversions of your pre-tax acounts after you retire prior to age 70.5. One thing I rarely (if ever) see mentioned is that having muni bond interest in your taxable account does not have any impact on how much you can convert in a particular tax bracket, but qualified...
by ProfLA
Sat Nov 04, 2017 12:30 am
Forum: Investing - Help with Personal Investments
Topic: Please critique tax efficiency of my portfolio
Replies: 18
Views: 2044

Re: Please critique tax efficiency of my portfolio

In CA, particularly paying AMT, you are better off with CA munis in taxable accounts. (I wouldn't do this for more than half the bonds, though, because of diversification risk; either use non-CA munis for the other half, or other bonds such as I-Bonds in taxable or Total Bond Market in an IRA/401(k...
by ProfLA
Sat Nov 04, 2017 12:23 am
Forum: Investing - Help with Personal Investments
Topic: Please critique tax efficiency of my portfolio
Replies: 18
Views: 2044

Re: Please critique tax efficiency of my portfolio

If you decide to shift, tax-efficiency is not really the reason. The muni bonds are very tax efficient, especially in a high tax state. The reason to hold bonds in tax-deferred accounts is that over the long run, you might make a little bit more money. This has not been particularly true for the la...
by ProfLA
Sat Nov 04, 2017 12:15 am
Forum: Investing - Help with Personal Investments
Topic: Please critique tax efficiency of my portfolio
Replies: 18
Views: 2044

Re: Please critique tax efficiency of my portfolio

I agree that the shift you describe is often recommended here. It will cause you to pay more current taxes, as the 1.8% dividend yield of the domestic stock fund will be taxed (15% plus 3.8% NIIT plus 9.3% CA), vs. untaxed muni fund dividends. Plus if you have any unrealized capital gains on the mu...
by ProfLA
Sat Nov 04, 2017 12:07 am
Forum: Investing - Help with Personal Investments
Topic: Please critique tax efficiency of my portfolio
Replies: 18
Views: 2044

Re: Please critique tax efficiency of my portfolio

1) If I were starting from scratch, I'd slightly favor bonds in tax-deferred for diversification (no need to be limited to CA munis) and TLH opp with equities in taxable. IMHO would't make a change though once you've got munis in taxable instead. 2) Based on guesstimates (below) and current tax cod...
by ProfLA
Fri Nov 03, 2017 12:31 am
Forum: Investing - Help with Personal Investments
Topic: Please critique tax efficiency of my portfolio
Replies: 18
Views: 2044

Please critique tax efficiency of my portfolio

I live in California. 52 yo. Fed tax marginal rate 28 % (AMT) and state tax marginal rate 9.3 % Total portfolio value is $6.4 million. All investments are in indexed funds, most Vanguard/Schwab Desired allocation: Domestic stock 50 %, International stock 15 %, Bonds 35 % Taxable accounts Domestic st...
by ProfLA
Thu Oct 12, 2017 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: I need a better online checking w billpay and mobile check deposit
Replies: 44
Views: 5041

Re: I need a better online checking w billpay and mobile check deposit

I have Fidelity as well as Schwab. One thing I do not like about the Fidelity online platform is that you can only search/download transactions in 90 day blocks. Schwab you can do this for any period over the last 2 years.
by ProfLA
Thu Oct 12, 2017 11:30 am
Forum: Personal Finance (Not Investing)
Topic: I need a better online checking w billpay and mobile check deposit
Replies: 44
Views: 5041

Re: I need a better online checking w billpay and mobile check deposit

8foot7 wrote:
Thu Oct 12, 2017 11:27 am
ProfLA wrote:
Thu Oct 12, 2017 9:59 am
Charles Schwab bank online platform and Christine service have been superb for me. The monthly deposit limit is $100,000.
What is Christine?
Sorry, customer service. Damn autocorrect!!! :oops:
by ProfLA
Thu Oct 12, 2017 9:59 am
Forum: Personal Finance (Not Investing)
Topic: I need a better online checking w billpay and mobile check deposit
Replies: 44
Views: 5041

Re: I need a better online checking w billpay and mobile check deposit

Charles Schwab bank online platform and Christine service have been superb for me. The monthly deposit limit is $100,000.
by ProfLA
Thu Oct 12, 2017 8:53 am
Forum: Personal Finance (Not Investing)
Topic: What is the process for liquidating inherited individual stocks?
Replies: 17
Views: 1652

Re: What is the process for liquidating inherited individual stocks?

If one of the accounts was an IRA that potentially at least partially comprised after tax contributions then perhaps this is one issue that may need to be "researched", as i understand the beneficiaries would not be taxed on withdrawals of after tax contributions, on a pro rata basis. However, this ...
by ProfLA
Thu Oct 12, 2017 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Circumstances in which a freeze needs to be lifted
Replies: 34
Views: 3566

Re: Circumstances in which a freeze needs to be lifted

I live in CA and have had a freeze for about 8 years. One time I was asked to unfreeze not mentioned here already was when I thought I lost my wallet including a Bank of America credit card. BA needed me to unfreeze my credit in order for them to replace the card. (This surprised me because I though...
by ProfLA
Wed Oct 11, 2017 11:50 pm
Forum: Personal Consumer Issues
Topic: Wifi Thermostat
Replies: 55
Views: 5122

Re: Wifi Thermostat

Have not read the replies so apologize if this is redundant. I had a 3rd generation Nest installed. I always thought a Nest sounded gimmicky but now that I have one, I love it. It looks fantastic (I have mine set to display an analog clock) and is relatively cheap. I like being able to turn the syst...
by ProfLA
Tue Sep 05, 2017 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about drawing up a prenuptial agreement in California
Replies: 16
Views: 2196

Re: Questions about drawing up a prenuptial agreement in California

What I am more interested in is whether I can keep my 401k in the event of a divorce. A work-around might be to roll the 401K into a TIRA right before you marry and specify beneficiaries for the account. Then you can continue contributing to the 401K with future contributions going to your spouse. ...
by ProfLA
Tue Sep 05, 2017 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about drawing up a prenuptial agreement in California
Replies: 16
Views: 2196

Re: Questions about drawing up a prenuptial agreement in California

What you are hoping for is somewhat close to what the default division of assets is, in California. You likely know that California is a community property state, meaning anything that is earned by either of you during the marriage is community (joint) property. Anything an individual owns before m...
by ProfLA
Mon Sep 04, 2017 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about drawing up a prenuptial agreement in California
Replies: 16
Views: 2196

Re: Questions about drawing up a prenuptial agreement in California

I found this when my father was considering remarrying: "That case involved a worker who, after his wife’s death, named his three children beneficiaries of his 401(k). Dad later remarried and, within a few weeks, died. Despite the fact that the kids were named on the official beneficiary form, the ...
by ProfLA
Mon Sep 04, 2017 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about drawing up a prenuptial agreement in California
Replies: 16
Views: 2196

Re: Questions about drawing up a prenuptial agreement in California

Personally I will give you and your potential spouse a heartfelt congratulations on realizing the very significant economic aspects or marriage that tend to get underplayed in our society. I am at the tail end of an amicable divorce with a spouse that made near what I did so we both pretty much lef...
by ProfLA
Mon Sep 04, 2017 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about drawing up a prenuptial agreement in California
Replies: 16
Views: 2196

Re: Questions about drawing up a prenuptial agreement in California

littlebird wrote:
Mon Sep 04, 2017 2:49 pm
Two qualified attorneys.
Correct, each of us will need our own representation for the prenup to be valid, thank you.
by ProfLA
Mon Sep 04, 2017 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about drawing up a prenuptial agreement in California
Replies: 16
Views: 2196

Questions about drawing up a prenuptial agreement in California

My partner and I are in our fifties, reside in California and are contemplating marriage. There is a significant discrepancy in our assets and incomes. Each of us have previously set up revocable Trusts which own (except for retirement accounts) almost all of our respective assets (my home where we ...
by ProfLA
Sun Jun 25, 2017 11:48 pm
Forum: Investing - Help with Personal Investments
Topic: Analysis of my portfolio as I contemplate early retirement?
Replies: 8
Views: 1271

Re: Analysis of my portfolio as I contemplate early retirement?

You have 19 years worth of expenses in your taxable account with the ability to tax gain harvest and do Roth conversions to optimize your taxes. That's with a real return of 0. That brings you to 70 and you will have had 2 decades to leave your tax advantaged accounts to grow untapped. You are gold...
by ProfLA
Sun Jun 25, 2017 11:46 pm
Forum: Investing - Help with Personal Investments
Topic: Analysis of my portfolio as I contemplate early retirement?
Replies: 8
Views: 1271

Re: Analysis of my portfolio as I contemplate early retirement?

You are only 51 so your $6M portfolio might have to last another 30 or 40-something years. If your expenses are $150k before taxes, that might mean (guessing) $200k is needed after paying Federal and CA taxes. That's a 3.3% draw-down. Historically, that should be OK but it's not a really huge safet...
by ProfLA
Sun Jun 25, 2017 11:43 pm
Forum: Investing - Help with Personal Investments
Topic: Analysis of my portfolio as I contemplate early retirement?
Replies: 8
Views: 1271

Re: Analysis of my portfolio as I contemplate early retirement?

1. Every holding that is less than 2%-3% of your portfolio is "window dressing", that is - they are not big enough holdings to move the return of your portfolio but just provide complexity. In your tax-advantaged accounts I would combine any holding under 2% into another fund to simplify. I would d...
by ProfLA
Sun Jun 25, 2017 7:29 pm
Forum: Investing - Help with Personal Investments
Topic: Analysis of my portfolio as I contemplate early retirement?
Replies: 8
Views: 1271

Analysis of my portfolio as I contemplate early retirement?

I have been a "lurker" on this website for a few weeks and am really impressed with the generosity of BH members with respect to their time and effort evaluating portfolios, and the depth and quality of advice offered.


Many thanks in advance for any help given.