Search found 3099 matches

by Dale_G
Wed Nov 14, 2018 10:04 pm
Forum: Investing - Help with Personal Investments
Topic: Northwestern Mutual nightmare - help needed
Replies: 35
Views: 2499

Re: Northwestern Mutual nightmare - help needed

Good that you caught on early Zelda. On the annuity: It is unlikely that you will have much in the way of gains after deducting the surrender charge, so any taxes are likely to be negligible. The surrender fee could be as much as $3,500, but if you put the money toward the student loans, the payback...
by Dale_G
Mon Nov 12, 2018 12:46 am
Forum: Investing - Theory, News & General
Topic: What's Your Fixed Income Strategy?
Replies: 89
Views: 8579

Re: What's Your Fixed Income Strategy?

I can see that I am an outlier here. Retired 17 years. 74% equities and 26% fixed income. 27% junk and Emerging Markets 24% munis - intermediate, long term and high yield 5% I bonds (a moment of weakness years ago :D ) 44% investment grade bonds The dollar weighted duration is 6.3 years The philosop...
by Dale_G
Sun Nov 11, 2018 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: Kids Inheritance - Lump Sum or SWR?
Replies: 13
Views: 1226

Re: Kids Inheritance - Lump Sum or SWR?

The kids are in their 50s - so lump sums. If they are not adults now, they never will be.

I confess however, that it has been the same way for the last 30 years.

Dale
by Dale_G
Thu Nov 08, 2018 12:01 am
Forum: Investing - Theory, News & General
Topic: Is VXUS better than VEA/VWO?
Replies: 8
Views: 2552

Re: Is VXUS better than VEA/VWO?

snip .... VXUS != VEA + VWO I would use only 1 fund. The rebalancing is automatic and free. You don't see a lot of people reconstructing a total market fund by using 9 funds of Small/Mid/Large Value/Blend/Growth either. The Total International fund does not rebalance to keep developed and emerging ...
by Dale_G
Sun Nov 04, 2018 10:54 pm
Forum: Investing - Theory, News & General
Topic: Buffett Repurchases More Than $900 Million of Stock: is the stock market overpriced?
Replies: 10
Views: 2823

Re: Buffett Repurchases More Than $900 Million of Stock: is the stock market overpriced?

I am bumping up against the next IRMAA cliff, so I am accumulating BRK.b shares. We'll see how that pans out.

Dale
by Dale_G
Mon Oct 29, 2018 11:09 pm
Forum: Investing - Help with Personal Investments
Topic: Non qualified deferred compensation plan advice
Replies: 5
Views: 471

Re: Non qualified deferred compensation plan advice

I participated in a similar plan and contributed up to 70% of my salary. But, I began only about 6 years before my planned retirement date. I opted for the 15 year payout. Great deal, I avoided taxes at about 42% on the deferral and paid 25%-28% on the withdrawals. However, after about 8 years of pa...
by Dale_G
Mon Oct 29, 2018 12:47 am
Forum: Investing - Help with Personal Investments
Topic: tax loss harvest covered(long term) losses
Replies: 1
Views: 272

Re: tax loss harvest covered(long term) losses

Yes, take the long term losses as well as the short term. And your trading partners will work well.

Dale
by Dale_G
Sun Oct 28, 2018 12:31 am
Forum: Investing - Theory, News & General
Topic: Being true to my IPS, or violating it?
Replies: 22
Views: 2003

Re: Being true to my IPS, or violating it?

Carbonate, we don't know what your experience and level of knowledge was when you wrote your IPS two years ago. But assuming you are a relatively new investor - or one that has been hands-off for some time, I would consider your IPS to be a first draft. You have two more years of experience under yo...
by Dale_G
Sat Oct 27, 2018 8:00 pm
Forum: Investing - Help with Personal Investments
Topic: Funding stock purchase
Replies: 7
Views: 433

Re: Funding stock purchase

nesdog, my taxable brokerage account is a margin account. I place orders without any funds in the settlement account. There are other marginable securities in the account. If my check or bank transfer don't show up by the settlement date, I would pay a tiny bit of interest. It hasn't happened so far...
by Dale_G
Fri Oct 26, 2018 11:40 pm
Forum: Investing - Theory, News & General
Topic: Experience with transferring specific lots in-kind (not the full account)
Replies: 15
Views: 1059

Re: Experience with transferring specific lots in-kind

Mike, do you want to sell all of the lots of a fund - or only some specific lots?
by Dale_G
Fri Oct 26, 2018 11:13 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA earned income qualifying period
Replies: 9
Views: 902

Re: Roth IRA earned income qualifying period

I am surprised that no one has mentioned this yet. In order to contribute to an IRA you must have earned income. Selling your personal property does not qualify as earned income. From the IRS: Taxable earned income includes:Wages, salaries, tips, and other taxable employee pay; Union strike benefits...
by Dale_G
Thu Oct 25, 2018 12:51 am
Forum: Investing - Help with Personal Investments
Topic: Reaction to Market
Replies: 71
Views: 7645

Re: Reaction to Market

If "paper losses" make people feel better, so be it. I mark to market and my losses were real losses.

There is the story of the guy at the track who watched his horse come in dead last. Asked how much he lost, he looked at his betting slip and said, "It's only a paper loss".

Dale
by Dale_G
Wed Oct 24, 2018 4:59 pm
Forum: Investing - Help with Personal Investments
Topic: Why does TD list a wash sale adjustment?
Replies: 10
Views: 470

Re: Why does TD list a wash sale adjustment?

There is no need to do "report" any "wash" info to the IRS. The 1099 issued by the broker will show the correct loss for the sum of the two sales.

Dale
by Dale_G
Mon Oct 22, 2018 4:56 pm
Forum: Investing - Help with Personal Investments
Topic: Administrator incorrectly followed order, now what?
Replies: 3
Views: 518

Re: Administrator incorrectly followed order, now what?

What does this part mean?
Put in the order (not able to do online) via fax to agent on 10/2.
Incorrectly done, but no notification right away (no email etc).
It isn't clear what "incorrectly done" means, but if you made the mistake, do you expect someone to "correct" it retroactively?

Dale
by Dale_G
Sun Oct 21, 2018 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: Bond Funds High Tax Rate
Replies: 4
Views: 515

Re: Bond Funds High Tax Rate

Bonds in tax deferred would have a higher long term return if you are able to withdraw the funds in a much lower tax bracket. If you will remain in an upper bracket at RMD time you will pay ordinary income tax rate on all of the return.

Municipal bonds in taxable are probably better.

Dale
by Dale_G
Sat Oct 20, 2018 11:17 pm
Forum: Investing - Help with Personal Investments
Topic: Getting rid of legacy annuity?
Replies: 4
Views: 613

Re: Getting rid of legacy annuity?

It is always good to simplify, especially if you end up saving money by doing so. But: What is the "guaranteed" rate on annuization? Because you have no gains, it is likely that this is a newer annuity, but older Vanguard annuities had guaranteed rates of 4% and more - on annuitization . The guarant...
by Dale_G
Thu Oct 18, 2018 10:49 pm
Forum: Investing - Help with Personal Investments
Topic: Bond Funds High Tax Rate
Replies: 4
Views: 515

Re: Bond Funds High Tax Rate

Miami, since you bought the taxable bond funds only a few day ago, you may have a very small short term capital gain or loss. The odds are that any tax cost will be negligible compared to continuing with the taxable bonds.

Dale
by Dale_G
Wed Oct 17, 2018 4:23 pm
Forum: Investing - Help with Personal Investments
Topic: Weird cost basis after converting VTIAX to VXUS
Replies: 4
Views: 573

Re: Weird cost basis after converting VTIAX to VXUS

Vanguard has adjusted the prices of each lot of the VXUS shares to correspond to the same dollar amount of each tax lot that you paid for the VTIAX shares.

Nothing unusual here.

Dale
by Dale_G
Tue Oct 16, 2018 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: how to buy parents a house in Florida (with cash)
Replies: 8
Views: 1305

Re: how to buy parents a house in Florida (with cash)

The homestead exemption is only available for owner occupied homes. I don't know what the rules are for a minority ownership, but surely your folks would need to be on the deed.

The county tax appraiser's office can answer your question.

Dale
by Dale_G
Tue Oct 16, 2018 4:55 pm
Forum: Investing - Help with Personal Investments
Topic: tax loss harvest VTIAX to VFWAX?
Replies: 3
Views: 343

Re: tax loss harvest VTIAX to VFWAX?

As to your #2, if that distribution is also a loss, simply sell it along with the rest of yours shares and there is no wash sale, and then more tax savings for you. No need to wait 30 days if you are selling the disallowed shares. Except that the IRA dividends are considered replacement shares by t...
by Dale_G
Tue Oct 16, 2018 4:44 pm
Forum: Investing - Help with Personal Investments
Topic: Transferring $1.2 Mil taxable to Vanguard
Replies: 26
Views: 4382

Re: Transferring $1.2 Mil taxable to Vanguard

You didn't say how many positions you have in the taxable account, but you will have "Flagship" status at Vanguard and therefore 25 free trades a yearfor stocks. After 25 trades, about $2 per trade for stocks. Most ETFs will be free. Check with Vanguard for the cost of liquidating non-etf mutual fun...
by Dale_G
Mon Oct 15, 2018 11:26 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard changing my Admiral shares to Investor Shares
Replies: 26
Views: 4656

Re: Vanguard changing my Admiral shares to Investor Shares

No loss leaders that we know of. I hope they don't start offering zero e.r. funds with $1 minimum investments. Those would surely be a loss leaders. There is no question that investors with multi-million accounts do subsidize those (often beginners) with much smaller accounts. I can live with that. ...
by Dale_G
Mon Oct 15, 2018 10:43 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard changing my Admiral shares to Investor Shares
Replies: 26
Views: 4656

Re: Vanguard changing my Admiral shares to Investor Shares

I tax loss harvested VWLUX (Vanguard's Long Term muni) last week and left $49,680 in the account. I can't add money to the fund for 30 or so days without triggering a wash sale and Vanguard's frequent trading rules also prevent a purchase for 30 days unless by mail or automatic investments. So what ...
by Dale_G
Wed Oct 10, 2018 10:11 pm
Forum: Investing - Help with Personal Investments
Topic: seek advice on investing money that is currently sitting in my saving account
Replies: 5
Views: 594

Re: seek advice on investing money that is currently sitting in my saving account

Invest money when you have it available. The market goes up and down, but over time it is mostly up.

No one can know whether it will be up or down tomorrow, or over the next week, month or year.

Dale
by Dale_G
Wed Oct 10, 2018 8:17 pm
Forum: Investing - Help with Personal Investments
Topic: Sell it all
Replies: 11
Views: 2774

Re: Sell it all

It makes perfect sense. And be sure to make "exchanges" into the new funds so you remain fully invested.

I am sure you won't be guilty, but some people sell the current funds and go to cash. Then ..... well, maybe it takes a very long time for the money to get back into the market.

Dale
by Dale_G
Wed Oct 10, 2018 3:06 pm
Forum: Investing - Theory, News & General
Topic: Vanguard website problems [Transactions won't go through, 500 error...]
Replies: 101
Views: 4833

About 3:53 Vanguard crashes

[Thread merged into here, see below. --admin LadyGeek] Not a big deal for me. A little earlier I bought some Berkshire and some emerging markets. But at 3:50 pm I started selecting shares from a son's Muni fund for tax loss harvesting. When I got ready to push the last button at 3:53, the site hung...
by Dale_G
Thu Sep 27, 2018 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: SS 2019 COLA could be close to 3%
Replies: 55
Views: 6030

Re: SS 2019 COLA could be close to 3%

snip ..... So is this higher inflation kinds of back-door good new for wealthier retirees...who would have even higher premiums to subsidize those "held harmless" if inflation had been lower? Great! We get about another $1,000 in SS before tax - and the buying power of the portfolio goes down by $3...
by Dale_G
Thu Sep 20, 2018 10:18 pm
Forum: Investing - Theory, News & General
Topic: Buying VWIUX Today [Vanguard Intermediate-Term Tax-Exempt Muni Bond]
Replies: 48
Views: 4743

Re: Buying VWIUX Today [Vanguard Intermediate-Term Tax-Exempt Muni Bond]

Most of my muni money is in VWLUX - the long term muni fund. And I doubt that I have an investment horizon anywhere near 30 years.

Dale
by Dale_G
Thu Sep 20, 2018 5:57 pm
Forum: Investing - Theory, News & General
Topic: Buying VWIUX Today [Vanguard Intermediate-Term Tax-Exempt Muni Bond]
Replies: 48
Views: 4743

Re: Buying VWIUX Today

You may as well buy VWITX investor class shares at your earliest convenience. The er for VWITX is .19%/yr and Admiral class VWIUX is .09%/yr. The sec yield is VWITX is 2.54%. Neglecting any changes in NAV, you should earn $43.96 (that is after expenses) in interest in the next two weeks. The er diff...
by Dale_G
Sat Sep 15, 2018 11:42 pm
Forum: Personal Consumer Issues
Topic: That Extravagant Thing You Do
Replies: 307
Views: 53831

Re: What is your luxury good?

On cruises, I always pony up for a balcony, but never a suite. For the last 30 years I have driven "luxury" cars (my company spoiled me during the first 13 years with Volvo's, Mercedes's and Cadillac's and I wasn't able to break the habit). At one time, I owned what was probably the nicest home in a...
by Dale_G
Sat Sep 15, 2018 12:30 am
Forum: Personal Finance (Not Investing)
Topic: Withholding from RMD'S
Replies: 10
Views: 911

Re: Withholding from RMD'S

Okay - in the future we can tell people 0% or 10%-99%. I never wanted to give the feds 100% anyway, but I have given them 75% :twisted:

Dale
by Dale_G
Fri Sep 14, 2018 11:53 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Ameriprise annuity
Replies: 8
Views: 656

Re: Help with Ameriprise annuity

John, the devil is always in the details. It is probably okay to keep the Rava annuity if you intend to annuitize for a period of 10 years (in order to delay SS - or for some other reason). But if you are not going to need the money, I would certainly do the 1035 exchange to Vanguard - without the r...
by Dale_G
Thu Sep 13, 2018 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Withholding from RMD'S
Replies: 10
Views: 911

Re: Withholding from RMD'S

V will withhold for federal taxes and state taxes for some states. The money withheld goes to the appropriate government(s) and gets reported to you on your 1099-R. V has a rule that federal withholding must be at least 10% of the amount withdrawn. Beyond that, it can be any amount you wish. V will...
by Dale_G
Tue Sep 11, 2018 3:01 pm
Forum: Investing - Help with Personal Investments
Topic: Need to make major rebalance to bonds - help
Replies: 19
Views: 2072

Re: Need to make major rebalance to bonds - help

bironology wrote:
Tue Sep 11, 2018 1:58 pm
I suppose this is not a unique situation. A total bond market fund in a taxable account will generate taxable dividends, but c'est la vie I guess.
If your marginal federal tax rate is at or above 24%, consider using a municipal bond fund.

Dale
by Dale_G
Sun Sep 09, 2018 4:52 pm
Forum: Investing - Help with Personal Investments
Topic: Recommendations on taxable account
Replies: 11
Views: 1503

Re: Recommendations on taxable account

andronikus wrote:
Sun Sep 09, 2018 1:47 pm
there is almost 600k sitting in FDIC Money market accounts)
I plan on investing slowly, 1-2k per month.
600k invested at 2k per month takes 25 years. That is definitely a long range plan.

Try to work up to 10k/month.

Dale
by Dale_G
Wed Aug 29, 2018 9:48 pm
Forum: Investing - Help with Personal Investments
Topic: Personal Financial Help for high earner with high student loans
Replies: 8
Views: 1188

Re: Personal Financial Help for high earner with high student loans

Ditto for paying down the loan. You presently have limited ability to save withing tax deferred accounts, but that could change in the future. I am very happy to have most of my money in taxable accounts. The modest tax drag is a small price to pay for the flexibility and liquidity.

Dale
by Dale_G
Fri Aug 24, 2018 1:01 am
Forum: Investing - Help with Personal Investments
Topic: Start With PAS and Graduate to DIY
Replies: 16
Views: 885

Re: Start With PAS and Graduate to DIY

It sounds like a very good idea. Experience is a great teacher. You will find that PAS does almost nothing with your portfolio - and that is what you should learn to do when you take over. Two years might be better than one.

Dale
by Dale_G
Tue Aug 21, 2018 5:45 pm
Forum: Investing - Help with Personal Investments
Topic: Simple Question
Replies: 12
Views: 940

Re: Simple Question

In other words SNIPER, you asked a simple question, but unintentionally didn't provide enough information to provide a definitive answer. That is okay, because you are just starting to figure out what counts in investing. Hang around for a while, and you will learn about what is important. I have a ...
by Dale_G
Tue Aug 21, 2018 2:13 pm
Forum: Investing - Theory, News & General
Topic: Realizing Loss in IRA
Replies: 8
Views: 981

Re: Realizing Loss in IRA

You are correct.

Dale
by Dale_G
Thu Aug 16, 2018 12:37 am
Forum: Investing - Theory, News & General
Topic: OK, maybe Vanguard's website IS a little old... "56K dial-up..."
Replies: 19
Views: 2399

Re: OK, maybe Vanguard's website IS a little old... "56K dial-up..."

Wow, 56K is fast. I still remember the days of using a 300 baud (300 bits/sec) acoustic modem to access a remote computer running Basic. Long distance rates for the phone line were probably 25 cents/minute. I don't remember the cost of the computer time, but it wasn't cheap. The good old days. Dale
by Dale_G
Tue Aug 14, 2018 12:55 am
Forum: Investing - Help with Personal Investments
Topic: RMD's: take distributions vs selling
Replies: 35
Views: 2647

Re: RMD's: take distributions vs selling

Sheepdog, if your balanced funds were at a provider such as Vanguard, you could have exchanged part of the balanced fund proportionately into an equity fund and a bond fund, and then sold the bond fund to satisfy your RMD. You would have sold bonds to satisfy the RMD, not depressed equities. It woul...
by Dale_G
Tue Aug 14, 2018 12:21 am
Forum: Investing - Help with Personal Investments
Topic: Confused on bond choice "noise"
Replies: 3
Views: 568

Re: Confused on bond choice "noise"

Yes jimmieg, it is mostly noise. The bond market is very efficient in pricing bonds. Basically shorter term and lower risk bonds will have lower returns. Longer term and higher risk bonds will have greater returns. Total Bond is medium return and medium risk. There is no free lunch. You probably hav...
by Dale_G
Mon Aug 13, 2018 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Experian email alert! "Your score decreased"
Replies: 37
Views: 3762

Re: Experian email alert! "Your score decreased"

I don't think the op is fretting.
by Dale_G
Sun Aug 12, 2018 11:15 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard updated 1099 in August!
Replies: 28
Views: 2165

Re: Vanguard updated 1099 in August!

So, I am on pins and needles - what was the name of the fund?

Dale
by Dale_G
Sat Aug 11, 2018 5:02 pm
Forum: Investing - Theory, News & General
Topic: [New Vanguard website layout starting Saturday, August 11]
Replies: 130
Views: 9882

Re: [New Vanguard website layout starting Saturday, August 11]

If they retain the Balances and Holding view I'll be happy - otherwise its like being forced to wear new ill-fitting shoes every week for the next year. :annoyed

Dale
by Dale_G
Sat Aug 11, 2018 3:40 pm
Forum: Investing - Theory, News & General
Topic: [New Vanguard website layout starting Saturday, August 11]
Replies: 130
Views: 9882

Re: [New Vanguard website layout starting Saturday, August 11]

I visited this morning and the view was "defaulted" to the new layout. It is terrible for printing and the info is clipped in some displays. I am definitely not excited by the csv download to Excel. Fortunately, the Balances and Holdings page is still looks right, otherwise my monthly printout will ...
by Dale_G
Thu Aug 09, 2018 7:09 pm
Forum: Investing - Theory, News & General
Topic: Illiquidiity scenarios for Mutual Funds/ETFs
Replies: 21
Views: 1264

Re: Illiquidiity scenarios for Mutual Funds/ETFs

jhfenton wrote:
Thu Aug 09, 2018 6:43 pm
You would not want to "convert" in that case, because Vanguard converts at NAV. You would want to buy the heavily-discounted ETF and sell the mutual fund.
Yes, of course. My arbitrage brain lobe was asleep.

Dale
by Dale_G
Thu Aug 09, 2018 3:45 pm
Forum: Investing - Theory, News & General
Topic: Illiquidiity scenarios for Mutual Funds/ETFs
Replies: 21
Views: 1264

Re: Illiquidiity scenarios for Mutual Funds/ETFs

Flash Crash aside, in the event that the EFT version of a Vanguard mutual fund trades at a significant discount to NAV, the mutual fund itself could buy the ETFs and sell the underlying securities from the mutual fund account. And I will be happy to convert my mutual fund shares to ETF shares if I c...
by Dale_G
Wed Aug 08, 2018 11:44 pm
Forum: Investing - Theory, News & General
Topic: Bond Holding
Replies: 11
Views: 1215

Re: Bond Holding

He hasn't suggested an alternative core bond holding for us. It seems that at this point he is assessing our willingness to follow his general advice about getting out of VBTLX - - assets he doesn't manage. It may be as obvious as an adviser trying to increase his AUM , but I curious about the valu...