Search found 3247 matches

by Dale_G
Sat Oct 19, 2019 12:02 am
Forum: Personal Investments
Topic: Fidelity - Funding another parties Roth
Replies: 18
Views: 1108

Re: Fidelity - Funding another parties Roth

If you know the account number, send a check asking that be deposited to her account. I've made contributions to accounts other than my own many times.

Dale
by Dale_G
Mon Oct 14, 2019 1:03 am
Forum: Personal Investments
Topic: Mother's variable annuity
Replies: 23
Views: 1676

Re: Mother's variable annuity

It isn't a panic situation, mom isn't getting ripped off. But you should certainly find out why mom has the VA and what her objectives are. For someone not saving for retirement, the primary advantages over a VA over a taxable account are deferral of taxes, and in most states asset protection from c...
by Dale_G
Sun Oct 06, 2019 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: Fee-based CFP advice
Replies: 11
Views: 1246

Re: Fee-based CFP advice

You probably want to look for a fee only advisor who either charges by the hour or for a fixed fee. Fee based usually means the person will want to manage assets and charge an assets under management fee (AUM).

Dale
by Dale_G
Sat Oct 05, 2019 2:07 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe's "Rules of Prudent Investing"
Replies: 32
Views: 4531

Re: Larry Swedroe's "Rules of Prudent Investing"

I always modify this one:
If it sounds too good to be true, it probably is.
by Dale_G
Sun Sep 22, 2019 3:51 pm
Forum: Investing - Theory, News & General
Topic: Interesting article on October volatility
Replies: 7
Views: 943

Re: Interesting article on October volatility

Halloween is in October, so it is supposed to be a scary month :D . Most adults outgrow the fear of ghouls and gremlins, but not all.

See my signature. Without volatility, stock market returns over time would be closer to short term treasury yields.

Dale
by Dale_G
Sun Sep 22, 2019 12:30 am
Forum: Investing - Theory, News & General
Topic: Home as Investment: Would Negative Interest Rate Makes Sense?
Replies: 5
Views: 902

Re: Home as Investment: Would Negative Interest Rate Makes Sense?

Don't worry. While the banks may pay negative interest rates, they won't charge negative interest rates.

Dale
by Dale_G
Sat Sep 21, 2019 3:57 pm
Forum: Personal Investments
Topic: Rebalance + Invest and leave alone for few years
Replies: 9
Views: 994

Re: Rebalance + Invest and leave alone for few years

If I paid off student loan, I could contribute the amount from RSU vesting to deductible IRA if our income qualifies. However if we already contribute to fullest to retirement plans in other countries and also contribute to IRA in the US , not sure if we would get deduction. Need CPA to check that ...
by Dale_G
Sat Sep 21, 2019 3:18 pm
Forum: Personal Investments
Topic: First time investing
Replies: 14
Views: 946

Re: First time investing

While contributing most of your investments to 401k, Traditional or Roth IRAs is generally good advice, I think it is fine for a young person to build up investments in a taxable account up to a year or so of salary equivalent. The taxable account serves as an emergency fund even if invested in equi...
by Dale_G
Tue Sep 17, 2019 12:50 pm
Forum: Investing - Theory, News & General
Topic: Asset Placement: t-IRA vs (non-annuitized) Variable Annuity
Replies: 5
Views: 249

Re: Asset Placement: t-IRA vs (non-annuitized) Variable Annuity

cyclesafe, I think you are correct on both counts. The total return will be the same regardless of placement (neglecting the small additional expense of the VA), but locating the expected lower return assets in the IRA should reduce the forced income from RMDs. You then have a choice about when to t...
by Dale_G
Thu Sep 12, 2019 12:02 pm
Forum: Investing - Theory, News & General
Topic: Income annuity taxation method
Replies: 7
Views: 585

Re: Income annuity taxation method

Look at the contract. Mine had a few buried sentences that allowed partial annuitizaton. Look in the Withdrawals section. My contract says: Partial or full withdrawals may be made at any time before the Annuity date. ... Any withdrawal amount may be made in a lump sum or, if elected, all of any part...
by Dale_G
Thu Sep 12, 2019 12:06 am
Forum: Investing - Theory, News & General
Topic: Income annuity taxation method
Replies: 7
Views: 585

Re: Income annuity taxation method

boglesmymind, I am pretty sure you are annuitizing the contract you purchased 15 years ago. If so, you aren't really getting a quote. You are getting payments according to the terms of the contract you purchased it 15 years ago. The reason you are getting a higher payment with your annuity than with...
by Dale_G
Sat Sep 07, 2019 4:07 pm
Forum: Personal Investments
Topic: Help Rebalancing - Fidelity
Replies: 9
Views: 1047

Re: Help Rebalancing - Fidelity

Do you also have retirement accounts? If so, what do they hold?

Dale
by Dale_G
Sat Sep 07, 2019 4:05 pm
Forum: Personal Investments
Topic: How to start withdrawals employing boglehead 3-fund portfolio strategy
Replies: 6
Views: 840

Re: How to start withdrawals employing boglehead 3-fund portfolio strategy

Are there any taxable accounts? If so, what do they presently hold?

Dale
by Dale_G
Sat Sep 07, 2019 12:23 am
Forum: Personal Investments
Topic: writing off stock loss to off set tax when withdrawing money from 401k.
Replies: 10
Views: 840

Re: writing off stock loss to off set tax when withdrawing money from 401k.

If you do somehow sit on the loss by not earning enough income or capital gains in the intervening 30 years, then you can do it . But then because 401k withdrawal is treated as income, you will only be able deduct $3000 on the $50000 withdrawal. This is fine, though. You probably prefer to get the ...
by Dale_G
Fri Sep 06, 2019 5:36 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Strategic Model Portfolios - Why???
Replies: 14
Views: 2711

Re: Vanguard Strategic Model Portfolios - Why???

Well, you can continue to rebalance from growth into value, paying taxes along the way. :D

If value ever outperforms you can do the reverse.

Dale
by Dale_G
Wed Sep 04, 2019 1:15 am
Forum: Investing - Theory, News & General
Topic: For those who have bonds in taxable, why and which ones?
Replies: 42
Views: 3695

Re: For those who have bonds in taxable, why and which ones?

The Roth is 100% equity. The Traditional IRA is 100% bond The taxable account holds equities + Long Term Treasury, Long Term Muni and High Yield Muni funds only to maintain my overall 73/27 asset allocation. I am glad I figured out 20 years ago that (in my circumstances) equities belonged in taxable...
by Dale_G
Sun Sep 01, 2019 10:05 pm
Forum: Personal Investments
Topic: 37th Parallel Properties
Replies: 12
Views: 3983

Re: 37th Parallel Properties

It is always interesting when a brand new poster drags up an old thread.

Mind telling us what your day job is bcg?

Dale
by Dale_G
Sun Sep 01, 2019 1:59 pm
Forum: Personal Investments
Topic: My urge to to time the market... maybe
Replies: 22
Views: 2603

Re: My urge to to time the market... maybe

To determine the tax consequences: 1. Log on to your Vanguard account 2. Select Balances and Holdings 3. Click on the "cost Basis" tab You will see the short and long term capital gains or losses for each fund. Depending on when you bought certain "lots", you may be able to reduce the tax damage by ...
by Dale_G
Sat Aug 31, 2019 9:42 pm
Forum: Investing - Theory, News & General
Topic: Direct Indexing, Tax Loss Harvesting (Parametric, Wealthfront)
Replies: 13
Views: 2688

Re: Direct Indexing, Tax Loss Harvesting (Parametric, Wealthfront)

I'd like to know how they calculate the "gains". I realized a couple of hundred thousand in losses in 2008/2009. So for 11 years. I was able to reduce my income by $3,000/yr or $33,000 total. For a $1,000,000 portfolio and an average tax bracket of 25%, the total "gain" (tax saving) would have amoun...
by Dale_G
Sat Aug 31, 2019 8:47 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Dividends This/next month
Replies: 2
Views: 1128

Re: Vanguard Dividends This/next month

I don't believe the new page is up yet. It should be up in the 10 days or so. Check the "News and Perspectives" tab on the Vanguard home page for the next announcement.

Dale
by Dale_G
Fri Aug 30, 2019 10:37 pm
Forum: Personal Finance (Not Investing)
Topic: Minimum to keep in checking account?
Replies: 40
Views: 3314

Re: Minimum to keep in checking account?

I target about 5k in checking. SS and small pension are deposited there and all bills except taxes and insurance are on autopay. Our bills are pretty consistent.

I haven't bothered to keep a check register or reconcile the checking account for probably 30 years.

Dale
by Dale_G
Wed Aug 28, 2019 1:00 am
Forum: Personal Finance (Not Investing)
Topic: Ameriprise Runaround - Dividends/Gains Reinvestment Off?
Replies: 6
Views: 537

Re: Ameriprise Runaround - Dividends/Gains Reinvestment Off?

Yup, looks like the capital gains are being reinvested. But it shouldn't take an hour to fix this. Tell them to stop reinvesting the capital gain distributions . They probably only put a check mark in the dividend box and missed the distribution box. With any luck they will fix this before December ...
by Dale_G
Sun Aug 25, 2019 4:22 pm
Forum: Personal Investments
Topic: Can a check for an IRA be from another individual?
Replies: 8
Views: 827

Re: Can a check for an IRA be from another individual?

Sure. I have sent checks to fund IRAs or taxable accounts for other individuals for many years.

Dale
by Dale_G
Thu Aug 22, 2019 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: [Does Vanguard have a process for handling customer feedback?]
Replies: 24
Views: 1792

Re: [Does Vanguard have a process for handling customer feedback?]

As noted above on 08/13/2019 I responded to a Vanguard survey. Yesterday I received a secure message from my still existing rep: I'm writing to send you a quick note of thanks for completing a recent survey. I'm glad to see that you had a positive experience. Please let us know if we may be of any o...
by Dale_G
Sat Aug 17, 2019 11:08 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Plan - Should I opt out?
Replies: 16
Views: 1818

Re: Pension Plan - Should I opt out?

Apologize for stupidly quoting myself when I intended to fix typos. Age is creeping up :( Neglecting the additional contribution for wages in excess of the SS limit, it appears the intial 9.5% of compensation (2% employee + 7.5% employer) is deposited in a "stable value" fund that should earn a shor...
by Dale_G
Sat Aug 17, 2019 11:05 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Plan - Should I opt out?
Replies: 16
Views: 1818

Re: Pension Plan - Should I opt out?

Neglecting the additional contribution for wages in excess of the SS limit, it appears the intial 9.5% of compensation (2% employee + 7.5% employer) is deposited in a "stable value" fund that should earn a short term market rate of interest. The eventual lump sum payment should be considerably larg...
by Dale_G
Sat Aug 17, 2019 11:04 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Plan - Should I opt out?
Replies: 16
Views: 1818

Re: Pension Plan - Should I opt out?

Neglecting the additional contribution for wages in excess of the SS limit, it appears the initial 9.5% of compensation (2% employee + 7.5% employer) is deposited in a "stable value" fund that should earn a short term market rate of interest. The eventual lump sum payment should be considerably larg...
by Dale_G
Tue Aug 13, 2019 11:32 pm
Forum: Personal Finance (Not Investing)
Topic: [Does Vanguard have a process for handling customer feedback?]
Replies: 24
Views: 1792

Re: [Does Vanguard have a process for handling customer feedback?]

Well, I've called quite a few times since stumbling onto Vanguard in June of 1982. In the ancient days before the internet, all business was conducted either on the phone or via snail mail. I recall one error by Vanguard in the past 37 years. It was a misunderstood phone transaction - and it was qui...
by Dale_G
Fri Aug 09, 2019 10:59 pm
Forum: Investing - Theory, News & General
Topic: Why do dividends still exist?
Replies: 204
Views: 12639

Re: Why do dividends still exist?

And I am willing to bet that if buybacks become much more significant that dividends, those with taxing power will figure out they are losing revenue - and add a special tax on the buybacks themselves. 30% seems to be a nice round number.

Dale
by Dale_G
Thu Aug 08, 2019 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: Local Assessor Trying to Include IRA Earnings as Income for Exemption (NY)
Replies: 8
Views: 869

Re: Local Assessor Trying to Include IRA Earnings as Income for Exemption (NY)

Dale_G wrote:
Thu Aug 08, 2019 12:18 pm
Since the Q&A is so badly written, I would contact the people who wrote it:

NEW YORK STATE DEPARTMENT OF TAXATION & FINANCE
Office of Real Property Tax Services

Good luck, this will not stand.


Edited: Oops, It looks like it is the law.

Dale
by Dale_G
Thu Aug 08, 2019 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Local Assessor Trying to Include IRA Earnings as Income for Exemption (NY)
Replies: 8
Views: 869

Re: Local Assessor Trying to Include IRA Earnings as Income for Exemption (NY)

Since the Q&A is so badly written, I would contact the people who wrote it:

NEW YORK STATE DEPARTMENT OF TAXATION & FINANCE
Office of Real Property Tax Services

Good luck, this will not stand.

Dale
by Dale_G
Mon Aug 05, 2019 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Tax loss carry-forward after death of spouse
Replies: 7
Views: 733

Re: Tax loss carry-forward after death of spouse

I agree that the 50/50 method is a lot easier. It would be nice to think that we would use up the ST losses before the passing of one of us, but it is going to take 27 years to use the losses - and we are already in our 80's. :P I still have to track the losses by individual however. When both spous...
by Dale_G
Mon Aug 05, 2019 1:29 am
Forum: Personal Finance (Not Investing)
Topic: Tax loss carry-forward after death of spouse
Replies: 7
Views: 733

Re: Tax loss carry-forward after death of spouse

Sometimes I learn just by asking questions. I think I have figured it out. Short term losses always come first. The tax deductions are taken against the "first-in" losses regardless of who they belong to. Ditto for long term losses when the short term losses eventually run out. Made up numbers: 2008...
by Dale_G
Sun Aug 04, 2019 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Tax loss carry-forward after death of spouse
Replies: 7
Views: 733

Tax loss carry-forward after death of spouse

Nope, neither of us has expired yet, but time marches on. Capital loss carryovers: Capital loss carryovers are also deductible only by the taxpayer who sustained the loss—again according to Rev. Rul. 74-175. Therefore, each year, any sales of capital assets should be tracked to determine which spous...
by Dale_G
Wed Jul 31, 2019 10:07 am
Forum: Personal Investments
Topic: Passing assets to our children
Replies: 9
Views: 761

Re: Passing assets to our children

Our two sons are early fifties, never married, financially responsible and have more than adequate savings. We are all in the same tax bracket. We do make small gifts, but it will be better to pass our assets to them on a stepped up basis. We also do some T. IRA to Roth conversions, but I'm not sure...
by Dale_G
Tue Jul 30, 2019 4:03 pm
Forum: Investing - Theory, News & General
Topic: Cash Tilt
Replies: 7
Views: 972

Re: Cash Tilt

1. If you are accepting term risk, you should get compensated. One rule of thumb is 20 basis points per extra year of term risk. Right now this would have you 100% cash since there isn't 20 basis points between cash and infinity. This is just wrong. That's the problem. Consider a 30 year bond yield...
by Dale_G
Mon Jul 22, 2019 10:59 pm
Forum: Personal Investments
Topic: YieldStreet latest offering - North Florida Pre-Development Financing
Replies: 11
Views: 947

Re: YieldStreet latest offering - North Florida Pre-Development Financing

It would have to be nice parcel for me to loan @ $170,212 per acre. I hope there aren't any sinkholes.
by Dale_G
Fri Jul 19, 2019 12:00 am
Forum: Personal Investments
Topic: investment grade corporate bond funds fall in downturn?
Replies: 38
Views: 3709

Re: investment grade corporate bond funds fall in downturn?

snip ...
Sandtrap wrote:
Thu Jul 18, 2019 11:00 pm
Hopefully, VFIDX - Vanguard Intermediate Term Investment Grade Bond Fund, is still an Indexed Bond Fund, and will survive and recover from a downturn as bond funds are "expected to do". ...
VFIDX is a managed fund, not an Index fund. :D
by Dale_G
Mon Jul 08, 2019 10:11 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Variable Annuity - Transitioning to Access Only Through Transamerica
Replies: 85
Views: 10413

Re: Vanguard Variable Annuity - Transitioning to Access Only Through Transamerica

And the M&E fee is also capped by the contract. The contract rules. I would encourage anyone thinking about moving to another annuity to look at the guaranteed rate in their present annuity, especially if it is an older contract. The guaranteed rate is normally shown near the annuity tables in the c...
by Dale_G
Sun Jun 23, 2019 12:21 am
Forum: Investing - Theory, News & General
Topic: Vanguard Variable Annuity - Transitioning to Access Only Through Transamerica
Replies: 85
Views: 10413

Re: Vanguard Variable Annuity - Transitioning to Access Only Through Transamerica

Present Vanguard Annuity holders should have no concern. The terms of the original contract rule. Dale Not necessarily true since TA might raise the insurance side of the costs. That would be my primary concern. Mel, my 1999 Vanguard Variable Annuity contract clearly states the Administrative fee (...
by Dale_G
Fri Jun 21, 2019 6:08 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Variable Annuity - Transitioning to Access Only Through Transamerica
Replies: 85
Views: 10413

Re: Vanguard Variable Annuity - Transitioning to Access Only Through Transamerica

Present Vanguard Annuity holders should have no concern. The terms of the original contract rule.

Dale
by Dale_G
Sun Jun 16, 2019 6:46 pm
Forum: Investing - Theory, News & General
Topic: Borrowing money to build a business
Replies: 2
Views: 442

Re: Borrowing money to build a business

Most banks offer business loans. $300k these days would be considered a small loan, so the smaller banks may be more willing to talk. Many banks will want a lien on the property if not already encumbered, and likely you (and your spouse) to personally guarantee the loan. It pays to shop around. Just...
by Dale_G
Fri Jun 14, 2019 11:31 pm
Forum: Personal Investments
Topic: [ETF vs. Mutual Fund and additional questions]
Replies: 65
Views: 2375

Re: which is better ETF or MF ???

At Vanguard there is no difference in the tax efficiency of the "mutual" or Exchange Traded version of a fund. For many people, the mechanics of buying and selling the "mutual fund" shares are easier than dealing with ETFs.

Dale
by Dale_G
Fri Jun 07, 2019 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: Is IRA check writing a security risk?
Replies: 13
Views: 1075

Re: Is IRA check writing a security risk?

I'm sure you are right Silk.

Thanks,

Dale
by Dale_G
Fri Jun 07, 2019 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: Is IRA check writing a security risk?
Replies: 13
Views: 1075

Re: Is IRA check writing a security risk?

... snip ... I know that I'm probably being paranoid, but is having check writing privileges for an IRA MM fund a security concern? Once a year I send the institution holding my IRA a letter asking for checks made out to charities I support, and have the checks mailed to me. This works great. But d...
by Dale_G
Sat Jun 01, 2019 12:25 am
Forum: Investing - Theory, News & General
Topic: How did you all do in the month of May, 2019
Replies: 126
Views: 11170

Re: How did you all do in the month of May, 2019

Down 99 months of SS payments (Assuming I live that long and neglecting any inflation adjustments). Still up by the equivalent of 160 SS payments for the year-to-date though.

We'll see where it goes from here. :D

Dale
by Dale_G
Fri May 24, 2019 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: Probate costs?--I am the sole heir and the executor
Replies: 65
Views: 6106

Re: Probate costs?--I am the sole heir and the executor

According to Rules of Probate published by the Florida Bar in September 2018: RULE 5.030. ATTORNEYS (a) Required; Exception. Every guardian and every personal representative, unless the personal representative remains the sole interested person , shall be represented by an attorney admitted to pract...