Search found 52 matches

by Monster99
Wed Jan 10, 2018 9:15 am
Forum: Investing - Theory, News & General
Topic: Running Maximum Withdrawal Percentage: Any data on this?
Replies: 26
Views: 1552

Re: Running Maximum Withdrawal Percentage: Any data on this?

You could use the IRS RMD tables to withdraw from your total portfolio - That would pull all the funds out over your timeframe and leave no legacy.
by Monster99
Mon Jan 08, 2018 10:31 am
Forum: Investing - Theory, News & General
Topic: Present value of stable income in retirement
Replies: 3
Views: 675

Present value of stable income in retirement

Does the present value (pv) calculations of your social security and pension affect your AA in retirement? I am wondering how stable income affects bond allocation in retirement....
by Monster99
Sat Jan 06, 2018 11:00 pm
Forum: Investing - Theory, News & General
Topic: 2018 Hedge Fund contest
Replies: 118
Views: 6983

Re: 2018 Hedge Fund contest

Name - Perfect Pyramid Planning

Long
Netflix. NFLX
Amazon. AMZN
General Electric. GE

short
Tesla. TSLA
Intel. INTC
Twitter. TWTR
by Monster99
Wed Jan 03, 2018 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes [Do it yourself or use tax software?]
Replies: 39
Views: 2732

Re: Taxes [Do it yourself or use tax software?]

H&R Block software - used TT before but got tired of them changing things with the software to maximize their profit.

Picked up CD version of Deluxe with State for $20 from Amazon, but the forms update won't be available until Jan 5.....
by Monster99
Sat Dec 30, 2017 4:42 pm
Forum: Investing - Help with Personal Investments
Topic: Will I be taxed again on my 401k?
Replies: 28
Views: 1766

Re: Will I be taxed again on my 401k?

To think about -
Hurricanes, mosquitoes, oppressive heat in the summer, ect.....
by Monster99
Thu Dec 28, 2017 1:47 pm
Forum: Investing - Theory, News & General
Topic: This is Unbelievable - another Vanguard customer support odyssey
Replies: 40
Views: 6907

Re: This is Unbelievable - another Vanguard customer support odyssey

I have recently retired and am thinking of rolling my 401K over next year - It is 90% t401K and 10% roth 401K. From the way the funds are tracked in the 401K, they look "co-mingled", in that if I move money to a different fund, the money is 90% traditional and 10% roth. I am really concerned that th...
by Monster99
Wed Dec 27, 2017 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Andrews FCU failed to withhold state tax from RMD
Replies: 9
Views: 854

Re: Andrews FCU failed to withhold state tax from RMD

I had a unexpected large distribution from a fund for December, and contacted my state DOR (Indiana). The said that I could make a one-time payment before the end of the year. It also will be deductible this tax year, if I itemize.
by Monster99
Fri Dec 22, 2017 4:51 pm
Forum: Investing - Theory, News & General
Topic: Vanguard’s take on the tax bill
Replies: 14
Views: 3186

Re: Vanguard’s take on the tax bill

But you won't be able to re-characterize the losers back to tIRA at the end of the year. Once you have converted to the roth, no going back.....
by Monster99
Mon Dec 18, 2017 10:06 am
Forum: Investing - Theory, News & General
Topic: Why is Vanguard switching all accounts to brokerage accounts?
Replies: 65
Views: 8979

Re: Why is Vanguard switching all accounts to brokerage accounts?

Must be the trust - we have only individual accounts.
by Monster99
Mon Dec 18, 2017 10:02 am
Forum: Investing - Help with Personal Investments
Topic: Dividends
Replies: 40
Views: 4004

Re: Dividends

This is an interesting discussion. I'm interested in hearing strategies used by investors in taxable accounts to reinvest dividends in such a way as to minimize the creation of bunches of additional tax lots. Retired - I direct dividends to cash, then what is not needed for living expenses is reinv...
by Monster99
Mon Dec 18, 2017 9:51 am
Forum: Investing - Help with Personal Investments
Topic: Dividends
Replies: 40
Views: 4004

Re: Dividends

This is an interesting discussion. I'm interested in hearing strategies used by investors in taxable accounts to reinvest dividends in such a way as to minimize the creation of bunches of additional tax lots. Retired - I direct dividends to cash, then what is not needed for living expenses is reinv...
by Monster99
Sun Dec 17, 2017 10:01 am
Forum: Investing - Theory, News & General
Topic: Why is Vanguard switching all accounts to brokerage accounts?
Replies: 65
Views: 8979

Re: Why is Vanguard switching all accounts to brokerage accounts?

I converted to brokerage last year and my wife converted this year - no paperwork and took less than 10 minutes of my time. A few days later all accounts were converted. The only thing I dislike is the 1099 forms come later in the new year.
by Monster99
Fri Dec 15, 2017 10:51 am
Forum: Investing - Theory, News & General
Topic: Just not getting it [Stock Picking versus TSM]
Replies: 98
Views: 14235

Re: Just not getting it

I think everyone here, including me, has felt the way you feel at some point. Mostly I think about how much better my husband's and my portfolio could be doing if only I had taken this opportunity or that opportunity. One way to deal with these feelings is to take a small percentage of your portfol...
by Monster99
Mon Dec 11, 2017 10:45 pm
Forum: Investing - Help with Personal Investments
Topic: Ever have Vanguard change the basis of a sale?
Replies: 2
Views: 291

Re: Ever have Vanguard change the basis of a sale?

Thanks for the reply - I actually eliminated my entire position, so it's really not an issue this time but could be a problem in the future. Good idea to print out the order details for protection. Never had an issue with selling shares at my old brokerage (Scottrade) but if Vanguard can't get somet...
by Monster99
Mon Dec 11, 2017 9:11 pm
Forum: Investing - Help with Personal Investments
Topic: Ever have Vanguard change the basis of a sale?
Replies: 2
Views: 291

Ever have Vanguard change the basis of a sale?

I sold three lots of a stock for TLH online, and the sale was changed from SpecID to FIFO even though the stock was set to SpecID and was confirmed before placing the order. As soon as the sale was complete, a window popped up saying default sale was FIFO and to call Vanguard. I did, but they were n...
by Monster99
Sat Dec 09, 2017 8:50 pm
Forum: Investing - Theory, News & General
Topic: Which is better: Wellesley or 5-yr 2.5% CD?
Replies: 51
Views: 4030

Re: Which is better: Wellesley or 5-yr 2.5% CD?

my SIL is like the OP's friend - she wants no risk of principal. I have discussed with her the fact about inflation eroding the purchasing power ad nausea, but she wants no principal loss. My brother actually invested $ for her in Wellesley and after 1 month it lost a slight amount and she wanted hi...
by Monster99
Sat Dec 09, 2017 8:20 pm
Forum: Investing - Theory, News & General
Topic: Why is Vanguard switching all accounts to brokerage accounts?
Replies: 65
Views: 8979

Re: Why is Vanguard switching all accounts to brokerage accounts?

I habe resisted and kept mutual funds only. Do my reasons make sense? 1. Dividends and cap gains from mutual funds go to an additional Federal money market which is taxable so one has to then move that to a tax free money market if they want to avoid taxable interest. 2. The 1099 shows aggregate nu...
by Monster99
Fri Dec 08, 2017 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Tax Gain Harvesting
Replies: 6
Views: 733

Re: Tax Gain Harvesting

Woops... Wash sale pertains to a loss not to gains so the step-up would be doable in 15% bracket....
by Monster99
Fri Dec 08, 2017 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Tax Gain Harvesting
Replies: 6
Views: 733

Re: Tax Gain Harvesting

The latter. Michael Kitces has a detailed explanation of the mechanics: https://www.kitces.com/blog/understanding-the-mechanics-of-the-0-long-term-capital-gains-tax-rate-how-to-harvest-capital-gains-for-a-free-step-up-in-basis/ I read the article, but selling for capital gain harvest and then repur...
by Monster99
Wed Dec 06, 2017 12:17 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard e-delivery
Replies: 34
Views: 3290

Re: Vanguard e-delivery

Does e-delivery mean e-delivery or do you still get a heap of regular mail? They send you regular mail when you make certain changes, like your address. They will send one letter to the old address and one to the new address. I'm chuckling at the question if I have any e-statements from 1994. I was...
by Monster99
Wed Dec 06, 2017 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Best solution for digitizing documents?
Replies: 43
Views: 3663

Re: Best solution for digitizing documents?

I use a HP multi-function printer to scan documents - it has a sheet feeder that can stack uptp 20 to 25 pages and it can do pdf, gif ect. formats. I bought it for less than 100 bucks and it will even fax...😁
by Monster99
Mon Dec 04, 2017 7:17 am
Forum: Investing - Theory, News & General
Topic: One answer to the Dividend stocks puzzle from behavioral finance
Replies: 184
Views: 13053

Re: One answer to the Dividend stocks puzzle from behavioral finance

Just finishing McClung's book on retirement spending. Will add these to my winter reading list. Thanks!
by Monster99
Sun Dec 03, 2017 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Spousal Benefit
Replies: 23
Views: 2332

Re: Social Security Spousal Benefit

That's my plan for SS for the DW and myself. Original plans were disrupted by the sneaky change in 2015.
by Monster99
Sun Dec 03, 2017 6:22 pm
Forum: Investing - Theory, News & General
Topic: One answer to the Dividend stocks puzzle from behavioral finance
Replies: 184
Views: 13053

Re: One answer to the Dividend stocks puzzle from behavioral finance

Times change and strategies change - The internet and low-cost brokers are relatively new, as it used to be difficult and expensive to purchase MF's and stocks. Dividend reinvestment programs (DRIP's) were an inexpensive and effective way to increase wealth and participate in the market. It is cert...
by Monster99
Sun Dec 03, 2017 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Spousal Benefit
Replies: 23
Views: 2332

Re: Social Security Spousal Benefit

Be sure to read up of SS or talk to SSA - File and suspend is no longer available to people under a certain age. Spouse would claim SS on their own record until the higher paid (higher contributor) files for SS. The "Deeming" rules were changed in 2015.
by Monster99
Sun Dec 03, 2017 6:01 pm
Forum: Investing - Theory, News & General
Topic: One answer to the Dividend stocks puzzle from behavioral finance
Replies: 184
Views: 13053

Re: One answer to the Dividend stocks puzzle from behavioral finance

Times change and strategies change - The internet and low-cost brokers are relatively new, as it used to be difficult and expensive to purchase MF's and stocks. Dividend reinvestment programs (DRIP's) were an inexpensive and effective way to increase wealth and participate in the market.
by Monster99
Sat Dec 02, 2017 5:02 pm
Forum: Personal Consumer Issues
Topic: travel golf club case?
Replies: 8
Views: 580

Re: travel golf club case?

Thank you everyone, I went ahead and purchased the Club Glove. And yes, his set of golf clubs belonged to his father. He hasn't mentioned wanting to change anything out but maybe I'll keep those in mind for gifts for future occasions. Thank you! As a gift buy him a club fitting with a Pro for $200-...
by Monster99
Fri Dec 01, 2017 7:24 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Cost Basis
Replies: 25
Views: 1690

Re: Vanguard Cost Basis

I have a record of every purchase for every fund I own. Most are uncovered shares that date back into the 90's. One "new feature" of the brokerage account is that the December statement no longer shows year-to-date transactions, only the month of Dec. transactions. I like to print out the year-to-da...
by Monster99
Wed Nov 29, 2017 9:47 am
Forum: Personal Finance (Not Investing)
Topic: H&R Block Software
Replies: 131
Views: 11424

Re: H&R Block Software

Deal of the Day at Amazon today, 11/29. As I type this, the 2017 Deluxe + State + Refund CD, Windows download, and Mac download, are all $19.99. Other versions also available at a discount. https://www.amazon.com/s/browse/ref=gbps_img_s-3_0ee9_63282478?node=17450869011&smid=ATVPDKIKX0DER&pf_rd_p=30...
by Monster99
Mon Nov 27, 2017 10:18 pm
Forum: Investing - Help with Personal Investments
Topic: Divs and Cap Gains are killing me
Replies: 96
Views: 7973

Re: Divs and Cap Gains are killing me

Take a look at the estimated capital gain for Dodge & Cox stock fund - December distribution of over $8 bucks a share .....
by Monster99
Sun Nov 26, 2017 12:44 pm
Forum: Investing - Help with Personal Investments
Topic: Didn't buy Bitcoin at $4600
Replies: 138
Views: 11199

Re: Didn't buy Bitcoin at $4600

If it makes you feel any better, I didn’t buy Bitcoin at $10 (I was aware of it as a “thing” at that price). I also didn’t buy Amazon or Google at IPO either, nor did I buy Dell or any number of other home runs. It always seems clear in retrospect, but it’s not when you are in that moment. +1. That...
by Monster99
Fri Nov 24, 2017 11:12 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Screwed Up My Cost Basis - FIFO Instead of Spec ID
Replies: 12
Views: 1583

Re: Vanguard Screwed Up My Cost Basis - FIFO Instead of Spec ID

I have never sold from my taxable during accumulation phase of investment for retirement. I have now retired and if Vanguard can't get SpecID vs. FIFO vs. AveCost correct, I will move to one of the other low-cost brokers immediately. no excuse for screwing up something as simple as lot specification.
by Monster99
Wed Nov 22, 2017 3:42 pm
Forum: Investing - Help with Personal Investments
Topic: Tax gain harvesting for students; how important is it to move away from AcgCost? Can SpecID be reverse-engineered?
Replies: 10
Views: 898

Re: Tax gain harvesting for students; how important is it to move away from AcgCost? Can SpecID be reverse-engineered?

Odd - My account goes back to 1995 and all the transactions are shown even before conversion to Admiral.... There is a next page at the bottom of the display on the right to show more lines. It seems to display 300 lines at a time.
by Monster99
Wed Nov 22, 2017 12:55 pm
Forum: Investing - Help with Personal Investments
Topic: Tax gain harvesting for students; how important is it to move away from AcgCost? Can SpecID be reverse-engineered?
Replies: 10
Views: 898

Re: Tax gain harvesting for students; how important is it to move away from AcgCost? Can SpecID be reverse-engineered?

Thanks, I will have another look around. Working this out is on my holiday break to-do list, so perhaps if I can’t find the data, I will reach out to my Flagship rep to see what he can offer. I just looked at my Vanguard account and I could display historical data back to 1/1/1993 using the custom ...
by Monster99
Wed Nov 22, 2017 10:01 am
Forum: Investing - Help with Personal Investments
Topic: Tax gain harvesting for students; how important is it to move away from AcgCost? Can SpecID be reverse-engineered?
Replies: 10
Views: 898

Re: Tax gain harvesting for students; how important is it to move away from AcgCost? Can SpecID be reverse-engineered?

I think the the data is available at Vanguard - it is just difficult to find. I remember pulling historical data for my account starting in 1995 but it wasn't easy. I think I displayed 18 months at a time then cut and pasted into Excel. Now I just update my sheets every quarter.
by Monster99
Tue Nov 21, 2017 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Merrill Lynch wants personal info--How to deal
Replies: 33
Views: 3407

Re: Merrill Lynch wants personal info--How to deal

Chip wrote:
Tue Nov 21, 2017 6:55 am
I have filled out paper forms with the following:

Income: >30,000
Net Worth: >50,000

Both of those are completely accurate statements but provide no clue to the actual numbers.
+1 great response to their questions!!
by Monster99
Tue Nov 21, 2017 9:21 am
Forum: Personal Finance (Not Investing)
Topic: TaxAct and alternatives
Replies: 109
Views: 8358

Re: TaxAct and alternatives

I have not had a problem with that but they try to get you purchase their "deduction pro" software for tracking deductions. I just decline and move on....
by Monster99
Tue Nov 21, 2017 9:06 am
Forum: Personal Finance (Not Investing)
Topic: TaxAct and alternatives
Replies: 109
Views: 8358

Re: TaxAct and alternatives

Just purchased HR Block Deluxe + state for $29.95. I usually wait until January, but this year my brother wanted to get started early.....
by Monster99
Thu Nov 16, 2017 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: 55+ Early retirement offer.
Replies: 76
Views: 11082

Re: 55+ Early retirement offer.

The MegaCorp I worked at offered a package Feb of this year - 2 weeks salary for every year + retiree health coverage. I had 31 years in, so it was a no-brainer (I retired with 95% pension). Later in the year around Sept. they offered another package that was actually a little bit better, but I have...
by Monster99
Tue Nov 07, 2017 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: When did you start investing in taxable accounts?
Replies: 23
Views: 2993

Re: When did you start investing in taxable accounts?

Mid 90's - Maxed out the 401K and then when the checking account balance got too large, invested in the Vanguard S&P 500 index.
Then I just set up monthly draws from checking to the index. After 25 years I get a good div check now that I am retired. :D
by Monster99
Tue Nov 07, 2017 9:42 am
Forum: Investing - Help with Personal Investments
Topic: recordkeeping
Replies: 3
Views: 414

Re: recordkeeping

Download the monthly statements and print out the December statement and save. Tax docs are stored in both electronic and paper form.
by Monster99
Mon Oct 30, 2017 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Unable to Escape from Quicken Island ...
Replies: 66
Views: 6770

Re: Unable to Escape from Quicken Island ...

I actually still use MS Money - the sunset versions (Money Plus without MS server access) are free and there are several smart programmers that wrote code to import stock price info. I have data that goes back to 1995 and my current file is ~35 Meg....
by Monster99
Sun Oct 29, 2017 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: What was the main reason you retired?
Replies: 210
Views: 16501

Re: What was the main reason you retired?

#8, #4 and #6 with a early retirement package at 60.
by Monster99
Sat Oct 28, 2017 10:37 am
Forum: Investing - Help with Personal Investments
Topic: How Well Do You Know About Retirement Income?
Replies: 40
Views: 4874

Re: How Well Do You Know About Retirement Income?

34/38 missed the variable annuities questions and one about long term care.....
by Monster99
Fri Oct 20, 2017 1:31 pm
Forum: Investing - Help with Personal Investments
Topic: Intro Portfolio Advice
Replies: 6
Views: 562

Re: Intro Portfolio Advice

As many here will suggest, make sure your taxable account is tax efficient (does not throw off a large amount of dividends, capital gains and interest). I found this site after many years of saving and investing and have several funds that distribute a fair amount during the year from my taxable (~$...
by Monster99
Wed Sep 20, 2017 7:30 pm
Forum: Investing - Theory, News & General
Topic: Any "average Joe" here actually make out well with individual stocks?
Replies: 108
Views: 13550

Re: Any "average Joe" here actually make out well with individual stocks?

My swan-song was Lucent Tech in 1998 - bought shares at $30 and saw them soar into the low $80's. In 2000, they started downward and I foolishly justified adding to positions to profit more. Ended at ~$7. Wrote that loss off for over 5 years. During this time my DW invested in VBINX and just ignored...
by Monster99
Wed Sep 20, 2017 7:14 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Customer Service
Replies: 301
Views: 34750

Re: Vanguard Customer Service

Started investing with Vanguard in 1995 - I have always had good service though the years, but then I have always been in accumulation mode until retiring this year. I hope I have good service as I de-accumulate :|
by Monster99
Sun Sep 17, 2017 11:09 am
Forum: Investing - Help with Personal Investments
Topic: What is the largest percentage of your total portfolio value that you have exchanged to rebalance?
Replies: 58
Views: 4198

Re: What is the largest percentage of your total portfolio value that you have exchanged to rebalance?

Before retirement (this year) I used contributions to the 401K to adjust the AA. Now I use unspent dividends to maintain the 50/50 split. I have never had to sell from the taxable account, but that will change now that I am retired :D
by Monster99
Mon Sep 04, 2017 7:01 pm
Forum: Investing - Help with Personal Investments
Topic: Question about pension and risk
Replies: 36
Views: 2414

Re: Question about pension and risk

Thanks to all who took the time to reply - I am happy with the current AA and will "stay the course". The only change I plan on is to shift some CD's (1.5% APR) that are coming due in November over to I-Bonds at Treasury Direct. Didn't know you could buy small denomination, inflation adjusted bonds ...