Search found 236 matches

by Quaestner
Sun May 24, 2020 10:04 pm
Forum: Investing - Theory, News & General
Topic: Taxable Account - a Swiss Army Knife for Savers
Replies: 33
Views: 4648

Re: Taxable Account - a Swiss Army Knife for Savers

Probably 40% of our portfolio is in taxable. It does offer many benefits, as you are learning! That said, don’t pay unnecessary taxes. For example, use a 529 for college savings, tax loss harvest, and donate appreciated shares to charities via donor advised fund in some years do you can itemize.
by Quaestner
Sun May 24, 2020 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: What do people spend money on?
Replies: 52
Views: 4943

Re: What do people spend money on?

Keep making money - you're good at it! Then, spend it to help others. Try to make sure you are spending it in a way that does the most good. Consider reading William MacAskill's book "Doing Good Better: How Effective Altruism Can Help You Make a Difference".
by Quaestner
Sun May 24, 2020 12:37 pm
Forum: Personal Consumer Issues
Topic: Remote teaching a 15 year old [about stocks]
Replies: 30
Views: 1250

Re: Remote teaching a 15 year old [about stocks]

You might listen to the first few minutes of Meb Faber’s recent podcast (episode 221) where he interviews Chris Davis. They discuss this idea.
by Quaestner
Thu May 21, 2020 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: help me decide if i should use roth funds for grad school
Replies: 6
Views: 332

Re: help me decide if i should use roth funds for grad school

petulant makes good points. What if you decrease your stocks in the Roth to something more conservative, and view it as a bit of an emergency fund? It sounds like your job prospects are good, but ... crazy times. Perhaps I'm to conservative. If I was in your shoes, I'd be tempted to keep the Roth an...
by Quaestner
Thu May 21, 2020 2:32 pm
Forum: Personal Investments
Topic: Portfolio overhaul from target date funds to 3 fund portfolio + REIT. Help needed please!
Replies: 6
Views: 457

Re: Portfolio overhaul from target date funds to 3 fund portfolio + REIT. Help needed please!

Given your anticipated high savings rate, it seems likely that you'll put some savings in a taxable account? If so, that's where you might want to avoid the target date funds. One aspect of tax efficiency is having separate us/international index funds. This may give you tax loss harvesting opportun...
by Quaestner
Thu May 21, 2020 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: investmenting books
Replies: 27
Views: 1413

Re: investmenting books

William Bernstein's "Investor's Manifesto: Preparing for Prosperity, Armeggedon, and Everything in Between" was very influential to me.
by Quaestner
Mon May 18, 2020 3:45 pm
Forum: Personal Consumer Issues
Topic: Tea supplier comparison
Replies: 47
Views: 3939

Re: Tea supplier comparison

[/quote] Earl Lemongrab, Come on. Loose leaves teas are a lot better and they are cheaper than those low-quality tea bags. Check out Upton tea. http://www.uptontea.com/ KlangFool [/quote] An earlier KlangFool post turned me on to Upton Tea. (Thank you!) I'm a beginner on my path to becoming a tea sn...
by Quaestner
Mon May 18, 2020 3:31 pm
Forum: Personal Investments
Topic: Bonds or precious metals?
Replies: 28
Views: 1256

Re: Bonds or precious metals?

I'm not sure why those have to be your only two options. I think most people here would dissuade you from a heavy (or any?) precious metal bet - particularly one so heavy on silver. Still, if you have your reasons, have you considered bringing silver into something like Harry Browne's "permanent por...
by Quaestner
Mon May 18, 2020 3:12 pm
Forum: Personal Investments
Topic: REITS: Hold or Fold?
Replies: 9
Views: 1130

Re: REITS: Hold or Fold?

While not all the advice given to you has been the same, I don't think any of it has been bad. Here's my 2 cents: Since you want to simplify, rip the bandage off now and put the REIT $ into VTI. By simplifying, you'll have less to worry about and time for more important things.
by Quaestner
Sun Apr 19, 2020 5:49 pm
Forum: Investing - Theory, News & General
Topic: Are you comfortable with your emergency fund arrangements?
Replies: 44
Views: 3480

Re: Are you comfortable with your emergency fund arrangements?

Yes. We decided to lower the amount of cash in our money market fund last year. We figured our I-bonds would suffice if we didn’t want to sell stocks from our taxable account to raise funds. Since I’ve never sold from treasury direct before, I tested it out last month by selling $25 worth of I-bonds...
by Quaestner
Sun Apr 05, 2020 11:35 am
Forum: Personal Investments
Topic: Seasoned Bogleheads; What 3 Things Have You Done Financially Related to the Economy Recently
Replies: 112
Views: 11016

Re: Seasoned Bogleheads; What 3 Things Have You Done Financially Related to the Economy Recently

1. Drained a big chunk of our donor advised fund to give to local and global charities doing good work. (Why let the money sit unused now?)

2. Rebalanced into stocks.

3-ish. Tax loss harvest, buy I-Bonds. Cross fingers for TP during next foraging expedition!
by Quaestner
Sun Mar 22, 2020 3:19 pm
Forum: Personal Investments
Topic: My first TLH, you be the judge
Replies: 2
Views: 207

Re: My first TLH, you be the judge

I'm not a pro at this, so take my comment FWIW. I think the two funds you are working with are substantially identical and the IRS might call it a wash sale. Just because one is Vanguard, and one is Schwab, don't both hold the same underlying securities? You might feel safer selling VTI and buying a...
by Quaestner
Fri Mar 20, 2020 6:05 pm
Forum: Investing - Theory, News & General
Topic: When is Vanguard history updated?
Replies: 4
Views: 413

Re: When is Vanguard history updated?

Just after you've had to make a spread sheet (to get rebalancing info) because you see that "portfolio watch" is not at all accurate - that's when.
by Quaestner
Fri Mar 20, 2020 5:41 pm
Forum: Investing - Theory, News & General
Topic: I cant "Stay the Course" - Rebalance/IPS
Replies: 56
Views: 4500

Re: I cant "Stay the Course" - Rebalance/IPS

There is a point in time where one comes to a floor of fixed assets that they are not willing to gamble invest in equities. +1. I rebalanced this week, but I know there could be a point coming when I won't rebalance. That point is written into our IPS. Rebalance, but know your limit, is my advice.
by Quaestner
Fri Mar 20, 2020 4:32 pm
Forum: Personal Investments
Topic: Lurker, first post- VWIUX, VTIAX advice
Replies: 8
Views: 568

Re: Lurker, first post- VWIUX, VTIAX advice

Being able to understand that while we have the ability to take risk, we don't have the need to, took us awhile. It sounds like you recognize you need to take on risk to achieve your goals. However I am wondering is it more efficient overall to just keep a fixed percentage in money markets to give ...
by Quaestner
Thu Mar 19, 2020 7:10 pm
Forum: Personal Investments
Topic: Lurker, first post- VWIUX, VTIAX advice
Replies: 8
Views: 568

Re: Lurker, first post- VWIUX, VTIAX advice

Yeah, I worry about bonds. Not much upside left, even if rates go negative. Still, over the long term maybe they'll match inflation? At least I expect they won't decline quite like stocks sometimes will. Plus they let us rebalance when stocks fall (buy low, sell high - at least in theory). I'm 57 so...
by Quaestner
Wed Mar 18, 2020 5:06 pm
Forum: Personal Investments
Topic: Lurker, first post- VWIUX, VTIAX advice
Replies: 8
Views: 568

Re: Lurker, first post- VWIUX, VTIAX advice

I can't agree or disagree. We're in a new world. All those earlier earnings expectations are out the window. Still, I I've been buying stocks this week, back to our usual 50/50 allocation. I try to balance the optimism and pessimism. You've thought about your ability to take risk, so go for it. I ca...
by Quaestner
Wed Mar 18, 2020 2:51 pm
Forum: Personal Investments
Topic: Lurker, first post- VWIUX, VTIAX advice
Replies: 8
Views: 568

Re: Lurker, first post- VWIUX, VTIAX advice

I wondered why you didn’t reset your asset allocation in 2014, when you were younger. What’s changed? Another reflection for you might be your job security. Would a web of possible bankruptcies affect your job? How do you know? I realize you’re supposed to be greedy when others are fearful. But if t...
by Quaestner
Tue Mar 17, 2020 9:01 pm
Forum: Investing - Theory, News & General
Topic: do people TLH even if there is no loss but it’s close?
Replies: 9
Views: 570

Re: do people TLH even if there is no loss but it’s close?

I agree with what others have said. I wondered if you have looked at the specific lots purchased within your fund? When I do that, many still have gains, while some have losses. I wrote into my IPS that I wouldn't harvest trivial losses. For me, I don't want to fool with it unless it's an easy multi...
by Quaestner
Tue Mar 17, 2020 7:34 pm
Forum: Personal Investments
Topic: Am I too old to buy EE bonds?
Replies: 11
Views: 952

Re: Am I too old to buy EE bonds?

I don't think you're ever too old to buy EE or I-Bonds. With Treasury Direct it is easy to transfer them as gifts or as an inheritance. Yes, they can be inherited without redeeming the bonds. I'm a fair amount older than you and I continue to buy my limit of I-Bonds. I only have the one child and t...
by Quaestner
Tue Mar 17, 2020 1:11 pm
Forum: Personal Investments
Topic: Am I too old to buy EE bonds?
Replies: 11
Views: 952

Re: Am I too old to buy EE bonds?

Just a question on gifting bonds. If the bond is worth more than the $10,000 as it has been held a number of years, can the total bond be gifted or can you only gift up to the $10,000 yearly limit? If I'm not mistaken, the yearly limit for 2020 is $15,000. There's no way a single $10,000 EE bond wi...
by Quaestner
Mon Mar 16, 2020 4:07 pm
Forum: Personal Investments
Topic: Am I too old to buy EE bonds?
Replies: 11
Views: 952

Am I too old to buy EE bonds?

I bought some series EE savings bonds from Treasury Direct as a safe part of our bond allocation. They are included in the same trust that holds our other investments. I started in 2012, and quit after 2016. I stopped buying because I was reaching my mid-50’s and thinking I didn’t want to be fooling...
by Quaestner
Wed Mar 11, 2020 4:46 pm
Forum: Investing - Theory, News & General
Topic: Would you use Vanguard LifeStrategy Moderate Growth in taxable if you were in the 12% bracket?
Replies: 5
Views: 494

Re: Would you use Vanguard LifeStrategy Moderate Growth in taxable if you were in the 12% bracket?

As the value of the account grows, the higher expense ratio of the Life Strategy funds compared to the underlying funds might bug you. Also, will you always be in the 12% bracket? Would you later want to tax loss harvest? That's less likely to be feasible with a Life Strategy vs. the underlying fund...
by Quaestner
Thu Mar 05, 2020 7:12 pm
Forum: Personal Investments
Topic: Super Lazy portfolio, just VSMGX? [Vanguard LifeStrategy Moderate Growth]
Replies: 94
Views: 12459

Re: Super Lazy portfolio, just VSMGX?

Ok, I'll say it. Don't do it because you'll save money by buying admiral shares of total stock, total bond, and the total internationals because the expense ratios are lower than in the Life Strategy Funds. I keep seeing this argument against the "All-in-One" funds but don't really understand it......
by Quaestner
Wed Feb 12, 2020 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: Tactic to Induce Myself to Keep Working
Replies: 26
Views: 2881

Re: Tactic to Induce Myself to Keep Working

I would be much more motivated to keep working if I allowed myself to put the surplus I earn over the next couple of years not into the general pot but into a special fund. I could use this to help relatives pay for college, for higher-end travel, fancy camera lenses -- stuff I might not otherwise ...
by Quaestner
Wed Feb 12, 2020 6:15 pm
Forum: Personal Investments
Topic: allocation and bond fund choice at age 58
Replies: 14
Views: 1377

Re: allocation and bond fund choice at age 58

[/quote] I'm thinking 50 /50 for me, not my folks. I will be handling their accounts separately from mine (lots of forum questions coming up in my future!), and that will be a more conservative allocation, for sure. So far, as I work through their records, they have well over 5 years of living expen...
by Quaestner
Tue Feb 11, 2020 6:28 pm
Forum: Personal Investments
Topic: allocation and bond fund choice at age 58
Replies: 14
Views: 1377

Re: allocation and bond fund choice at age 58

I'd caution against that 50/50 Asset Allocation. The 50/50 might be right for you, but is it prudent for the money you are soon to be guiding for your parents? Are you thinking 50/50 for all the assets - yours and the EJ transfer? Or will these be managed separately? Your parents are 96. Life expect...
by Quaestner
Mon Feb 10, 2020 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Should I PAY Bill from I Bonds or Tradational IRA
Replies: 11
Views: 854

Re: Should I PAY Bill from I Bonds or Tradational IRA

How old are you? Will you pay a penalty if you pull from the IRA? I'd certainly use I bonds if you would have to pay a penalty. I think people need more info to give you the best advice. It seems like your current/future marginal tax rate factors into this. Not knowing more, I'd suggest paying from ...
by Quaestner
Fri Feb 07, 2020 6:16 pm
Forum: Personal Investments
Topic: I bought a house, what is my AA now?
Replies: 152
Views: 7923

Re: I bought a house, what is my AA now?

Thanks for the input. I've decided to split the difference between holding on to all equities (ie 77/23 AA) vs rebalancing to keep the 50/50 AA by using a 60/40 AA going forward (or 35/40/25 if you include the RE). This means selling down 20% of current equity holdings which feels like a fair risk ...
by Quaestner
Wed Feb 05, 2020 5:57 pm
Forum: Personal Consumer Issues
Topic: Amazon Prime Rewards Visa Signature Card - Approval Issues
Replies: 11
Views: 858

Re: Amazon Prime Rewards Visa Signature Card - Approval Issues

What you describe (almost) happened to me about 6 weeks ago. I did get the letter asking me to call them. I have good credit and was irritated by the extra step of calling. I let more than 30 days pass before I called, which was not a barrier. The Chase rep told me they just want to make sure no ide...
by Quaestner
Tue Feb 04, 2020 5:30 pm
Forum: Personal Consumer Issues
Topic: Would you drive without a spare tire?
Replies: 193
Views: 11281

Re: Would you drive without a spare tire?

Prime owner here. Your Prime does come with an inflator kit - goo that seals some flats, so you do have that option. I don't like the idea of riding without a spare either - especially on long trips, so I bought a used Prius spare tire from a junk yard. It fits. Since I rarely have people in the bac...
by Quaestner
Thu Jan 16, 2020 7:10 pm
Forum: Personal Investments
Topic: Should I withdraw my TRS? [Teacher Retirement System of Texas]
Replies: 21
Views: 1873

Re: Should I withdraw my TRS? [Teacher Retirement System of Texas]

Did you quit teaching "forever"? I know some folks (not in TX) who quit, cash out, and then go back to teaching. They learn they can "buy back" those years they cashed out, but the cost is prohibitive so they lose out on those years towards their pension. So, really think about if you're DONE with e...
by Quaestner
Tue Dec 31, 2019 12:55 pm
Forum: Personal Investments
Topic: Should I cash out mom's whole life insurance (burial) policy?
Replies: 8
Views: 612

Re: Should I cash out mom's whole life insurance (burial) policy?

The premiums paid are a sunk cost. In my eyes it is a math problem. $10,022 - 2,857 = $7,165 difference in cash out vs benefit amt upon death $7,165 divided by $74 premium = 96 months ie 8 years. Taking the time value of money into account, the break even point is probably somewhere around 6-7 year...
by Quaestner
Mon Dec 30, 2019 4:05 pm
Forum: Personal Investments
Topic: suggest 50/50 portfolio
Replies: 28
Views: 5199

Re: suggest 50/50 portfolio

With a withdrawal schedule that averages about 3.7% and 2%?? inflation rate, we are starting to go backwards slightly. If you feel you are going backward, what if you suspended the inflation adjustments? Just leave it at 3.7% and forget it (for a while). Will you miss the bump? Does your lifestyle ...
by Quaestner
Mon Dec 30, 2019 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Help me get my young-adult daughter to save.
Replies: 30
Views: 2407

Re: Help me get my young-adult daughter to save.

You might reduce your contribution more slowly? Next year if she saves 1k, you give 5k, 2021 if she does 2k, you do 4k, 2022 you do 3k and she does 3k, etc. Seems like you might need to be flexible depending on her initial salary, the complexities of a 401K/403b employee match, grad school and such....
by Quaestner
Sun Dec 29, 2019 12:46 pm
Forum: Personal Investments
Topic: Bond allocation
Replies: 8
Views: 497

Re: Bond allocation

So, you're about at 60/40. You've got a pension (you'll get better answers if you say what size), SS in two years, plus close to $2 million. It seems like you can take risk, but do you need to? Are you single? Debt? Without knowing more, I would say yes, you should strongly consider bonds. If you ar...
by Quaestner
Sat Dec 28, 2019 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Donating $1M
Replies: 66
Views: 9570

Re: Donating $1M

Thank you for donating to charity! The book by William MacAskil "Doing Good Better: How Effective Altruism Can Help You Help Others, Do Work that Matters, and Make Smarter Choices about Giving Back" helped me think about charitable donation and making sure my donations were best used. I highly recom...
by Quaestner
Sat Dec 28, 2019 12:11 pm
Forum: Personal Investments
Topic: De-Risking. Drop International and Emerging?
Replies: 17
Views: 1506

Re: De-Risking. Drop International and Emerging?

You asked a yes/no question, but I don't want to give a yes/no answer. Sorry! I do think that having a fifth of your stocks in RIETS is too much. I think the RIETs (or much of them) could go into Total Stock. (And as I answer this, I'm assuming you're in tax sheltered accounts and not worrying about...
by Quaestner
Sat Dec 21, 2019 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Pension in distant future - how does it work?
Replies: 6
Views: 545

Re: Pension in distant future - how does it work?

I'd set a yearly reminder on my phone to let the company know about any change of address. Not sure what more you can do. Maybe others will have better insight!
by Quaestner
Fri Dec 20, 2019 6:32 pm
Forum: Personal Investments
Topic: Considering lump sum Roth IRAs on Jan 2
Replies: 14
Views: 1122

Re: Considering lump sum Roth IRAs on Jan 2

Here's another nudge: That Roth cash you have ready will earn interest in 2020, which you will pay taxes on. So, the quick lump sum contribution will not only get you in the market quicker, but cut your 2020 tax bill as well. (Admittedly, by a tiny amount!) I'm doing the contributions in January, ju...
by Quaestner
Fri Dec 06, 2019 6:57 pm
Forum: Personal Investments
Topic: Investments- Bernstein's Ida AA
Replies: 11
Views: 769

Re: Investments- Bernstein's Ada AA

I don't have much to offer, but in my taxable account I don't automatically reinvest dividends and capital gains. This helps me rebalance from where I'm overweight to where I'm underweight. Also, I found that a donor advised fund helps get rid of capital gains. I plan on making large transfers to it...
by Quaestner
Tue Dec 03, 2019 7:24 pm
Forum: Investing - Theory, News & General
Topic: My 3 buckets: 1 yr cash + 2 yr bond + stocks
Replies: 114
Views: 10502

Re: My 3 buckets: 1 yr cash + 2 yr bond + stocks

I'm not sure I understand the logic of the bucket approach. If I read you right, it sounds like you are draining your safe buckets as the market falls and holding your stocks because you think they will bounce back. This seems like market timing. Instead, why not determine your asset allocation and ...
by Quaestner
Sun Dec 01, 2019 3:14 pm
Forum: Personal Investments
Topic: Not choosing Vanguard for kid's Roths due to minimums?
Replies: 32
Views: 2008

Re: Not choosing Vanguard for kid's Roths due to minimums?

It's great to teach your kids the 3-fund strategy, but why not start them with Vanguard's Target 2065 (VLXVX) now? $1000 minimum - 90% Stock. After a few years of contributions, you could then switch to the funds you want. (No tax consequences to switching since this would be a Roth.)
by Quaestner
Sun Dec 01, 2019 3:03 pm
Forum: Personal Consumer Issues
Topic: Charity vs. Scrooge- how do you think of things?
Replies: 85
Views: 5760

Re: Charity vs. Scrooge- how do you think of things?

How do you think of and make decisions for charitable giving? Effective Altruism is a popular way to think about this question. The book Doing Good Better: How Effective Altruism Can Help You Help Others, Do Work that Matters, and Make Smarter Choices about Giving Back by William MacAskill is a wel...
by Quaestner
Fri Nov 29, 2019 10:42 pm
Forum: Personal Finance (Not Investing)
Topic: Critic my IPS to be shared with DW
Replies: 12
Views: 1362

Re: Critic my IPS to be shared with DW

It could be your use of the words "my children" was intentional, but if it wasn't, you could change it to "our children". I think you've set this up in a way that makes sense to you. Perhaps it helps you explain things to DW, but as a stand alone document, would DW be able to interpret it the way yo...
by Quaestner
Thu Nov 28, 2019 6:05 pm
Forum: Investing - Theory, News & General
Topic: Can one have too much Roth?
Replies: 175
Views: 15612

Re: Can one have too much Roth?

Tax law changes could affect the value of a Roth. Here's just one example, what if the US starts to rely less on income taxes and more on consumption taxes? (Most nations have a Value Added Tax.) Then, there might be some regret at having paid the taxes to get into the Roth and then getting taxed ag...
by Quaestner
Thu Nov 28, 2019 5:38 pm
Forum: Personal Investments
Topic: Amazing Job Security and Implications for Asset Allocation
Replies: 17
Views: 2009

Re: Amazing Job Security and Implications for Asset Allocation

We're in a similar situation, but post inheritance. We were at 70/30 in our 30's and 40's and then went to 60/40 after the inheritance. As I learned more about investing and retirement spending, I realized our pensions would meet all our basic expenses and figured it would be rational to ratchet up ...
by Quaestner
Tue Nov 26, 2019 6:59 pm
Forum: Personal Consumer Issues
Topic: Mom's Diamond
Replies: 67
Views: 4904

Re: Mom's Diamond

Been there done that. Here are some options for mom and brothers: 1. Upon death the ring is either willed to one brother or DIL; or instruction is left to have ring appraised by 3 reputable jewelers for a jeweler's purchase price. 2. Offer ring to brothers and whoever wants ring at jeweler's high p...
by Quaestner
Wed Nov 06, 2019 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: Should be I be investing anything in my current situation?
Replies: 19
Views: 1767

Re: Should be I be investing anything in my current situation?

I think different people will give you different answers, and the worth of the answers depends on your temperament, work ethic, and employment prospects. Here's my thoughts. You make this out to be an either/or decision. It doesn't have to be. I think there would be some value in contributing to an ...