Search found 3011 matches

by Dale_G
Fri May 18, 2018 1:56 pm
Forum: Investing - Help with Personal Investments
Topic: Moving taxable investments...tax-free?
Replies: 11
Views: 854

Re: Moving taxable investments...tax-free?

No Linus, almost without exception , you can move the funds from one brokerage to another "in kind" without needing to sell. But it is probably a good idea to "tax harvest" while you are in zero capital gains tax status. If you have proprietary funds from the likes of ED Jones, you may not be able t...
by Dale_G
Thu May 17, 2018 12:34 am
Forum: Investing - Help with Personal Investments
Topic: Thinking about self-managing my account
Replies: 25
Views: 1396

Re: Thinking about self-managing my account

At a 28% tax rate I think you will want to stick with munis - and forget Total Bond Market in the taxable account. And I would be pretty sure your planned early expenditures are what brought the limited term muni into play. No harm done, but if you want to consolidate the bond funds, it might be pre...
by Dale_G
Wed May 16, 2018 11:15 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking about self-managing my account
Replies: 25
Views: 1396

Re: Thinking about self-managing my account

I am also a little mystified about the 3 muni funds unless you indicated that you might want to withdraw money from the portfolio a few years down the line. That would make the limited term fund a reasonable choice, and combined with the long term you pretty much match the duration of the intermedia...
by Dale_G
Wed May 16, 2018 10:40 pm
Forum: Investing - Help with Personal Investments
Topic: Rebalancing & ignoring some asset classes I already have investments in?
Replies: 2
Views: 215

Re: Rebalancing & ignoring some asset classes I already have investments in?

yurtdweller - I haven't done exactly the same thing, but your plan is perfectly reasonable. Certainly stop reinvesting any dividends in the funds you want to "edge out of", and invest the dividends in the funds you want to keep.

Dale
by Dale_G
Sun May 13, 2018 12:14 am
Forum: Investing - Theory, News & General
Topic: Anything wrong with too many lots?
Replies: 47
Views: 4657

Re: Anything wrong with too many lots?

Does it matter at all if you prefer for simplicity sake to use average cost? It sure can. In my case simplicity could be very expensive. The "average cost" of my Total Stock Market shares (VTSAX) is $20.45, most purchased near the lows of 2008/2008. The closing price on Friday 5/11/18 was 68.43. Se...
by Dale_G
Sat May 12, 2018 11:25 pm
Forum: Investing - Theory, News & General
Topic: Tax-Loss Harvesting a Muni Bond Fund: BMBIX
Replies: 2
Views: 386

Re: Tax-Loss Harvesting a Muni Bond Fund: BMBIX

BMBIX declares dividends monthly (page 107 of the Statuary Prospectus), so the 6 month rule applies. Selling the 7 month old shares in order to to TLH works - and all dividends will remain tax fed tax free.

Dale
by Dale_G
Wed May 09, 2018 2:11 pm
Forum: Investing - Theory, News & General
Topic: ETF's vs. Mutual Funds in Market Panics
Replies: 21
Views: 1612

Re: ETF's vs. Mutual Funds in Market Panics

I think this is a little "scare piece" to discourage clients from moving to ETFs - and keep clients within the preferred DFA funds. But, flash crashes and pricing anomalies have occurred. Rule 1. Never sell anything during a market panic Rule 2. Never set a standing set a "stop loss" order Otherwis...
by Dale_G
Wed May 09, 2018 2:09 pm
Forum: Investing - Theory, News & General
Topic: ETF's vs. Mutual Funds in Market Panics
Replies: 21
Views: 1612

Re: ETF's vs. Mutual Funds in Market Panics

I think this is a little "scare piece" to discourage clients away from ETFs to keep clients within the preferred DFA funds. But, flash crashes and pricing anomalies have occurred. Rule 1. Never sell anything during a market panic Rule 2. Never set a standing set a "stop loss" order Otherwise, ETFs w...
by Dale_G
Tue May 08, 2018 11:31 pm
Forum: Investing - Help with Personal Investments
Topic: Question on safety of ETFs
Replies: 32
Views: 2014

Re: Question on safety of ETFs

triceratop wrote:
Tue May 08, 2018 8:43 pm
I would remove VSS. I have a great deal of fear when trading VSS.
And what is your source of paranoia with VSS?

Dale
by Dale_G
Fri May 04, 2018 11:25 pm
Forum: Investing - Help with Personal Investments
Topic: Is it worth it to dissolve this inherited annuity?
Replies: 33
Views: 2274

Re: Is it worth it to dissolve this inherited annuity?

I learned something today. In the "old" days annuity beneficiaries were not permitted to do a 1031 exchange. In 2013 the IRS issued a Private Letter Ruling PLR 201330016 that did permit such exchanges. See Kitces at https://www.kitces.com/blog/irs-opens-door-in-plr-201330016-for-1035-exchange-by-ben...
by Dale_G
Fri May 04, 2018 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: How much should I save or would be available for health care in retirement?
Replies: 43
Views: 4141

Re: How much should I save or would be available for health care in retirement?

Oops - I see that I have been making duplicate posts. I hope that doesn't mean that I need a brain transplant That could be very pricey. :annoyed BruceM's number are about right for most people. Once you hit IRMAA (Income Related Monthly adjustment Amount) the premiums can rise pretty quickly - and ...
by Dale_G
Fri May 04, 2018 12:58 am
Forum: Personal Finance (Not Investing)
Topic: How much should I save or would be available for health care in retirement?
Replies: 43
Views: 4141

Re: How much should I save or would be available for health care in retirement?

I understand that Medicare has premiums and right now don't have a lot of health issues. I assume I can rely on Medicare, but probably not. ...... I am sure medicare will be around for a long time, but the cost will continue to be based on income. Lower income = lower cost, higher income = be prepa...
by Dale_G
Fri May 04, 2018 12:49 am
Forum: Personal Finance (Not Investing)
Topic: How much should I save or would be available for health care in retirement?
Replies: 43
Views: 4141

Re: How much should I save or would be available for health care in retirement?

I understand that Medicare has premiums and right now don't have a lot of health issues. I assume I can rely on Medicare, but probably not. ...... I am sure medicare will be around for a long time, but the cost will continue to be based on income. Lower income = lower cost, higher income = be prepa...
by Dale_G
Thu May 03, 2018 11:34 pm
Forum: Investing - Theory, News & General
Topic: Morningstar--Manager Exit Triggers Downgrade At Giant Vanguard Fund(Vanguard Short-Term Investment Grade )
Replies: 10
Views: 1463

Re: Morningstar--Manager Exit Triggers Downgrade At Giant Vanguard Fund(Vanguard Short-Term Investment Grade )

I own a small amount of Short Term Corporate and I am unconcerned. As we all know, it is difficult, if not impossible to measure skill. The new guys could be more or less skilled than the predecessor. In any case, the difference in performance shouldn't be more than a few basis points. With bond fun...
by Dale_G
Thu May 03, 2018 4:42 pm
Forum: Investing - Help with Personal Investments
Topic: Is it worth it to dissolve this inherited annuity?
Replies: 33
Views: 2274

Re: Is it worth it to dissolve this inherited annuity?

ginrummy, you need to look at the contract in question. If you don't have once NWM will send a copy of the original. 1. What is the "NAME" of the annuity? In other words - what does NWM call it? 2. Is the contract the "front-load" or "back-load" version? 3. What was the date of origination? 4. Is th...
by Dale_G
Tue May 01, 2018 11:08 pm
Forum: Investing - Help with Personal Investments
Topic: How to simplify LTCG tax lots in taxable?
Replies: 3
Views: 417

Re: How to simplify LTCG tax lots in taxable?

I do keep my own records, but I have never found any discrepancy with Vanguard. With Specific ID, Vanguard makes it very easy to sell any "covered" lots that you wish. I recently sold a couple of large lots and about 40 small lots (reinvested dividends) of two municipal bond funds for tax loss purpo...
by Dale_G
Mon Apr 30, 2018 4:32 pm
Forum: Investing - Help with Personal Investments
Topic: Is it worth it to dissolve this inherited annuity?
Replies: 33
Views: 2274

Re: Is it worth it to dissolve this inherited annuity?

Dale_G wrote:
Mon Apr 30, 2018 4:31 pm
always at ordinary income -
Dale

Sorry about any dupes - and inaccurate info above - editing isn't working in my favor.
by Dale_G
Mon Apr 30, 2018 4:31 pm
Forum: Investing - Help with Personal Investments
Topic: Is it worth it to dissolve this inherited annuity?
Replies: 33
Views: 2274

Re: Is it worth it to dissolve this inherited annuity?

always at ordinary income -
Dale

Sorry about any dupes
by Dale_G
Mon Apr 30, 2018 4:26 pm
Forum: Investing - Help with Personal Investments
Topic: Is it worth it to dissolve this inherited annuity?
Replies: 33
Views: 2274

Re: Is it worth it to dissolve this inherited annuity?

Dale_G wrote:
Mon Apr 30, 2018 4:23 pm
always at ordinary income. Sorry for the dupe - can't delete.
by Dale_G
Mon Apr 30, 2018 4:23 pm
Forum: Investing - Help with Personal Investments
Topic: Is it worth it to dissolve this inherited annuity?
Replies: 33
Views: 2274

Re: Is it worth it to dissolve this inherited annuity?

always at ordinary income - no different than a traditional IRA or 401k with after tax contributions.

Dale
by Dale_G
Mon Apr 30, 2018 3:43 pm
Forum: Investing - Help with Personal Investments
Topic: Is it worth it to dissolve this inherited annuity?
Replies: 33
Views: 2274

Re: Is it worth it to dissolve this inherited annuity?

This must be a typo Another idea is to split the untaxed portion of the DVA in two. Sell half of this un taxed portion this year and the rest + the basis next year (note you can do this with a DVA as they are required to distribute earnings first). This would likely drop your marginal tax rate, redu...
by Dale_G
Mon Apr 30, 2018 3:07 pm
Forum: Investing - Help with Personal Investments
Topic: Is it worth it to dissolve this inherited annuity?
Replies: 33
Views: 2274

Re: Is it worth it to dissolve this inherited annuity?

If the OP has any interest in annuitizing and/or doing a 1031 exchange to Vanguard, there is a critical item to be checked. That is: What is the "guaranteed interest rate" on annuitization. Not the BS rate that includes return of capital, but the "guaranteed" rate which is the actual interest rate o...
by Dale_G
Sat Apr 28, 2018 11:39 pm
Forum: Investing - Help with Personal Investments
Topic: Can Employer Set 401k Contribution Limit Below IRS Limit?
Replies: 33
Views: 2421

Re: Can Employer Set 401k Contribution Limit Below IRS Limit?

Don't feel too bummed out youngpleb. At my last job as an HCE I was limited to about 1-1/2% of pay - because of a low contribution rate of non-HCEs. When education and propaganda visits from the 401k provider didn't do much to increase participation, one HCE threatened to put non-contributors on a w...
by Dale_G
Wed Apr 18, 2018 11:24 pm
Forum: Investing - Help with Personal Investments
Topic: Are you keeping more in cash?
Replies: 31
Views: 4447

Re: Are you keeping more in cash?

I am 80 YO and and cash has amounted to about 0.4% of the portfolio for the past 15 years - just enough so I don't have to bother with a check register or pay attention to anything that goes on the credit card. Nothing exciting happens anyway. I certainly don't think that letting cash rise to 5% of ...
by Dale_G
Wed Apr 18, 2018 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Tax day come and gone.....
Replies: 29
Views: 3075

Re: Tax day come and gone.....

an_asker wrote:
Wed Apr 18, 2018 10:21 am
Just curious - are you the same person who was based in Hawaii or NZ (or am I confusing you with someone else)?
Nope, I am located in Central Florida.
by Dale_G
Wed Apr 18, 2018 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Tax day come and gone.....
Replies: 29
Views: 3075

Re: Tax day come and gone.....

For sure: The bonds belong in the 401k if there is anything like a suitable fund available. The tax man will be around for a long time - and a growthy 401k will lead to higher RMDs later on - taxed at ordinary income rates . If there are no decent bond funds, then a low equity Target Date or LifeStr...
by Dale_G
Tue Apr 17, 2018 11:57 am
Forum: Investing - Help with Personal Investments
Topic: Structured Settlement versus cash
Replies: 10
Views: 1058

Re: Structured Settlement versus cash

In a nutshell it stated with a structured settlement rate of return at 4% I suggest you return when you know the lump sum and structured settlement details (monthly payment and term). Since 4% is well above market rates, I question whether there is an actual return of 4% embedded in the structured ...
by Dale_G
Sat Apr 14, 2018 9:43 pm
Forum: Investing - Theory, News & General
Topic: How many of you have some developed international and EM indexed bond funds in your portfolio?
Replies: 22
Views: 1616

Re: How many of you have some developed international and EM indexed bond funds in your portfolio?

12% of my bonds are in emerging markets via VWOB, VEGBX and PCY in roughly equal portions. The Vanguard link to the VEGBX reports and prospectus are goofy at the moment, but I don't think VEGBX is an index fund. I don't hold any International Developed Market bonds.

Dale
by Dale_G
Fri Apr 13, 2018 10:36 pm
Forum: Investing - Theory, News & General
Topic: vanguard notice - retiring our old investment platform
Replies: 50
Views: 6587

Re: vanguard notice - retiring our old investment platform

I might not be up to date, but the last I knew you could not schedule "automatic" exchanges from say, Prime MM to a muni fund or auto exchanges to a bank account on/in the brokerage platform. I don't do either now, but it would be handy if I depart earlier than my wife. No internet where you're goi...
by Dale_G
Fri Apr 13, 2018 7:05 pm
Forum: Investing - Theory, News & General
Topic: vanguard notice - retiring our old investment platform
Replies: 50
Views: 6587

Re: vanguard notice - retiring our old investment platform

I might not be up to date, but the last I knew you could not schedule "automatic" exchanges from say, Prime MM to a muni fund or auto exchanges to a bank account on/in the brokerage platform. I don't do either now, but it would be handy if I depart earlier than my wife. Has this changed - or is it s...
by Dale_G
Sat Apr 07, 2018 11:02 pm
Forum: Investing - Theory, News & General
Topic: What is your AA, given your age? and, Why?
Replies: 163
Views: 12066

Re: What is your AA, given your age? and, Why?

80 years old. When I retired in 2001 (the month after 9/11 didn't seem like a particularly auspicious time) I was at 55% equities / 45% bonds. I maintained that allocation until about 3 years ago when I decided to cap bonds at a very comfortable level and let equities run. I am now at 72% equities, ...
by Dale_G
Sat Apr 07, 2018 3:54 pm
Forum: Investing - Theory, News & General
Topic: Are we in bear territory?
Replies: 49
Views: 6214

Re: Are we in bear territory?

I'm in bear territory. Have to take the bird feeders down in the spring and summer so they don't get destroyed. You must be up north retiredjg. Around here the bears do not hibernate, so bird feeders are at risk all year long. The market bears don't hibernate either. I've learned to live with the b...
by Dale_G
Tue Apr 03, 2018 3:31 pm
Forum: Investing - Help with Personal Investments
Topic: Annuity w guaranteed 5-6% return [payout]?
Replies: 50
Views: 4699

Re: Annuity w guaranteed 5-6% return [payout]?

At what age is mortality credit more important then the current interest rates of Treasuries for purchasing a SPIA? Paul The concept of "mortality credits" is misunderstood. The payments of an non-inflation adjusted immediate annuity are fixed at the time of issue. A still living annuitant doesn't ...
by Dale_G
Wed Mar 07, 2018 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: how to avoid deemed 401K loan penalty
Replies: 7
Views: 655

Re: how to avoid deemed 401K loan penalty

From one website: https://www.hhcpa.com/blogs/employee-benefits-audit-services/when-is-a-loan-considered-a-deemed-distribution/ A loan taken from an employee benefit plan that is in default is generally treated as a taxable distribution from the plan of the entire outstanding balance of the loan (a ...
by Dale_G
Wed Mar 07, 2018 3:57 pm
Forum: Investing - Help with Personal Investments
Topic: Keep or get out of Variable annuity? Hairy math.
Replies: 35
Views: 1633

Re: Keep or get out of Variable annuity? Hairy math.

sNOP ...
itstoomuch wrote:
Tue Mar 06, 2018 10:57 pm
I see no escape paths.
I have just 2 thoughts:
1. roll current annuity in a 1035 to establish a new basis.
2. look at newer GLWB annuities.
Doing a 1035 exchange into a new annuity does not have any effect on the basis. The new annuity will carry the old basis.

Dale
by Dale_G
Mon Mar 05, 2018 1:25 am
Forum: Investing - Help with Personal Investments
Topic: Life Insurance: John Hancock Vitality Rider
Replies: 9
Views: 636

Re: Life Insurance: John Hancock Vitality Rider

Under present law estate taxes kick in when assets exceed 5 million, so you probably don't have to worry about that now. Do you know that assets in a taxable account receive a "stepped up basis" on your death? Your investments and gains on those investments are tax free your heirs. There is a tax dr...
by Dale_G
Sat Mar 03, 2018 12:29 am
Forum: Personal Finance (Not Investing)
Topic: New guy with a "scheme"... [transfer earned income to kids]
Replies: 33
Views: 3859

Re: New guy with a "scheme"...

I think your use of the word "scheme" was well chosen. If you and your SO are actually in business to make money, you have half a chance. If not, and either you or your SO are ever audited, the IRS will not look favorably on what appears on the surface to be a sham operation to convert gifts to inco...
by Dale_G
Fri Mar 02, 2018 2:18 pm
Forum: Investing - Help with Personal Investments
Topic: AOBC, horrible decision [American Outdoor Brands]
Replies: 30
Views: 3833

Re: AOBC, horrible decision [American Outdoor Brands]

A basic investing mistake is to continue to hold a losing investment "until it breaks even". When someone says they want to hold "until it breaks even", it means they don't really want to hold that investment, but the pain of recognizing the loss is more painful than simply continuing to hold the lo...
by Dale_G
Mon Feb 26, 2018 2:19 am
Forum: Investing - Theory, News & General
Topic: Blasphemy... DO PEEK!
Replies: 100
Views: 9584

Re: Blasphemy... DO PEEK!

I update my portfolio spreadsheet most days of the week (Lotus 123 Millennium Edition circa 1999) - and my Lotus files go back to 1982. Various computer crashes eliminate any records before that. Too bad, I like to know what I have done and why. Pre-1982, I can only guess. I am an octogenarian Engin...
by Dale_G
Sun Feb 25, 2018 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Moving Fla to PA Before Filing Income Tax
Replies: 9
Views: 512

Re: Moving Fla to PA Before Filing Income Tax

Use the new current FL address. PA won't care about the address change because your friends are going to file taxes in PA for the full 2017 tax year. Next year the friends will file a "part year" (or whatever PA calls it) income tax return in PA. It is unlikely, but PA may then care about whether or...
by Dale_G
Sat Feb 24, 2018 11:47 pm
Forum: Investing - Help with Personal Investments
Topic: Inherited stocks, what would you do?
Replies: 20
Views: 1792

Re: Inherited stocks, what would you do?

I probably would long forget the capital loss for tax purposes before I would be able to take advantage of that. Do know that a tax loss of up to $3,000 per year can be deducted from income each year? If you pay taxes, you only have to remember until tax time in 2019. And your broker will send you ...
by Dale_G
Mon Feb 19, 2018 11:55 pm
Forum: Investing - Help with Personal Investments
Topic: How big is the 'Madoff risk' -- All of your money at one advisor?
Replies: 21
Views: 2596

Re: How big is the 'Madoff risk' -- All of your money at one advisor?

I see no worry as long as you can verify the amounts in your account at Schwab on the Schwab website.

Dale
by Dale_G
Thu Feb 15, 2018 7:14 pm
Forum: Investing - Theory, News & General
Topic: How Inflation Works (NYT)
Replies: 21
Views: 2398

Re: How Inflation Works (NYT)

It is not only unexpected inflation that is damaging to retirees, but plain old expected inflation - including planned or hoped for inflation by the FRB. I retired at the end of 2001 with a small pension. Call it $1,000 per month. Inflation has averaged almost exactly 2% per year since then. My buyi...
by Dale_G
Tue Feb 13, 2018 2:11 pm
Forum: Investing - Theory, News & General
Topic: "Warren Buffett explains how to invest in stocks when inflation hits markets"
Replies: 9
Views: 3561

Re: "Warren Buffett explains how to invest in stocks when inflation hits markets"

As an inflation hater, I couldn't resist: inflation acts as a gigantic corporate consumer tapeworm. That tapeworm preemptively consumes its requisite daily diet of investment dollars regardless of the health of the host organism. Whatever the level of reported profits income (even if nil) , more dol...
by Dale_G
Sun Feb 11, 2018 1:17 am
Forum: Investing - Help with Personal Investments
Topic: Anybody else Age - 10 in bonds, rest in stocks
Replies: 127
Views: 12531

Re: Anybody else Age - 10 in bonds, rest in stocks

Age 80: I have age -51 in bonds = 71% equities, >28% bonds, <1% cash. A few years ago I capped bonds at a very comfortable number, well in excess of my anticipated needs. So the percentage of equities vs bonds moved up significantly over the past several years. I admit that I did exceed the bond cap...
by Dale_G
Fri Feb 09, 2018 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: Stock Conundrum
Replies: 9
Views: 772

Re: Stock Conundrum

You have some good funds in the 401k. I would move money in the Verizon "fund?" to one or more of the other suitable funds in the 401k if the fund expense ratios in the 401k are lower than say 0.3%. If your favored Vanguard fund in the 401k has additional expenses tacked on by the plan, I would simp...
by Dale_G
Fri Feb 09, 2018 12:31 am
Forum: Investing - Help with Personal Investments
Topic: Exchange question exchanged 10k from one fund to another but in the mean time the market dropped causing my account to
Replies: 1
Views: 384

Re: Exchange question exchanged 10k from one fund to another but in the mean time the market dropped causing my account

If you exchanged "all shares" the exchange will surely go through. If you exchanged $10,000 based on yesterday's 10,000 value of the fund and your shares in the fund are worth only $9.000 now, then I expect the exchange will fail.

Tomorrow is another day.
by Dale_G
Fri Feb 09, 2018 12:02 am
Forum: Investing - Help with Personal Investments
Topic: Fair Market Value of Annuity
Replies: 11
Views: 933

Re: Fair Market Value of Annuity

And my annuities are for a fixed term/period - and can be sold. I wouldn't take any haircut because the actual embedded interest rate is well above the present market.