Search found 3203 matches

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: 347

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 questions]
Replies: 20
Views: 1048

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: 969

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: 969

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: 125
Views: 9761

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: 5805

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...
by Dale_G
Wed May 22, 2019 2:12 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Active Mgmt Whiffs On Factors
Replies: 19
Views: 1634

Re: Larry Swedroe: Active Mgmt Whiffs On Factors

Clearly, ordinary investors cannot select the right factor funds. You definitely need an advisor who is a factor expert. Don't worry about the AUM or fund expenses. Above all, be patient.

Dale
by Dale_G
Mon May 20, 2019 12:37 am
Forum: Investing - Theory, News & General
Topic: Amazon....we all have seen this before :)
Replies: 62
Views: 8866

Re: Amazon....we all have seen this before :)

If Amazon doesn't up its bid for my teleportation patent ( 10 second delivery ) in the next 12 hours, they are toast.

Dale
by Dale_G
Sun May 19, 2019 4:37 pm
Forum: Personal Investments
Topic: Asset allocation when you don't expect to need the money
Replies: 13
Views: 1358

Re: Asset allocation when you don't expect to need the money

Even though the money will probably be used by someone else, there may still be an emotional impact on you when the market throws a hissyfit. There is nothing wrong in setting an allocation the you are comfortable with.

Dale
by Dale_G
Sat May 11, 2019 1:12 pm
Forum: Personal Investments
Topic: Problem moving 401k from old employer to new employer
Replies: 6
Views: 535

Re: Problem moving 401k from old employer to new employer

Not the OP, but well done Spirit Rider.
by Dale_G
Fri May 10, 2019 3:06 pm
Forum: Investing - Theory, News & General
Topic: Thinking of switching from Vanguard to Schwab Intelligent Portfolios
Replies: 28
Views: 3062

Re: Thinking of switching from Vanguard to Schwab Intelligent Portfolios

And CFPs are Certified Financial Planners - or something else?

Dale
by Dale_G
Mon May 06, 2019 5:13 pm
Forum: Personal Investments
Topic: Convert VTSAX to VTI because of VTI's lower expense ratio?
Replies: 12
Views: 1857

Re: Convert VTSAX to VTI because of VTI's lower expense ratio?

If you are not reinvesting dividends, a slight disadvantage of the ETFs is that it takes several days after the dividend distribution date for the dividends to show up in the settlement fund. It's not a problem if you are going to invest the proceed in an ETF, but it delays being able to invest in a...
by Dale_G
Mon May 06, 2019 1:33 am
Forum: Personal Finance (Not Investing)
Topic: Capital Loss Carryover - Trying to Understand it
Replies: 17
Views: 1278

Re: Capital Loss Carryover - Trying to Understand it

Sorry, but the tax loss carry-forward declines by $3,000 a year regardless of whether you have income to apply it against or not.

So in 2020, 2022, and 2023 $3,000 of the tax loss would "expire" even though you ordinary income was not =/> $3,000.

Dale
by Dale_G
Sat May 04, 2019 11:33 pm
Forum: Investing - Theory, News & General
Topic: Muni MM Closing in on Prime MM
Replies: 16
Views: 2291

Re: Muni MM Closing in on Prime MM

It won't last folks. Muni money market yields spike every year around tax time. The yields will go down with respect to Prime MM in due course, just like they do every year.

Dale
by Dale_G
Sat May 04, 2019 3:06 pm
Forum: Personal Investments
Topic: Help with clearer understanding of Fixed Income
Replies: 7
Views: 846

Re: Help with clearer understanding of Fixed Income

boater, you are confusing the sec yield with yield to date. The sec yield is (sort of) the expected annual yield. That sort of means for the full year. You've already had a gain of 2.34% in 4 months. By the way, the NAV of the Short Term Investment grade fund was $10.44 on Dec 31 and !0.58 on May 3,...
by Dale_G
Sat May 04, 2019 12:36 am
Forum: Personal Investments
Topic: Vanguard: turtle or snail?
Replies: 3
Views: 1050

Re: Vanguard: turtle or snail?

I only send money from Vanguard to my bank a few times a year. But for the last 10 years or so, if i did send money to the bank from my Vanguard MM fund before a 4 o'clock closing, it was always in my bank account on the second business day. Call me old fashioned, but I plan ahead at least three day...
by Dale_G
Thu May 02, 2019 11:42 pm
Forum: Investing - Theory, News & General
Topic: I can't make heads or tails of these SEC yields
Replies: 11
Views: 1055

Re: I can't make heads or tails of these SEC yields

Muni money market yields typically rise during March and April as a result of tax season. Investors who have been squirreling money in muni money markets take it out to pay their taxes. Governments do short term borrowing in anticipation of the incoming tax flow. It is a short term supply - demand p...
by Dale_G
Wed May 01, 2019 9:59 pm
Forum: Personal Investments
Topic: Same Yield for VG Intermediate Term Tax Exempt vs. Municipal MM
Replies: 6
Views: 797

Re: Same Yield for VG Intermediate Term Tax Exempt vs. Municipal MM

I do not expect the SEC or distribution yields to continue. They have done so in the past, but this time may be different. I don't understand what you are saying here. Can you elaborate? Sorry about the typo in my post above. The increase in muni money market yield at this time of year is very comm...
by Dale_G
Wed May 01, 2019 4:33 pm
Forum: Personal Investments
Topic: Same Yield for VG Intermediate Term Tax Exempt vs. Municipal MM
Replies: 6
Views: 797

Re: Same Yield for VG Intermediate Term Tax Exempt vs. Municipal MM

It's this time of year. The SEC yield and dividend payout of muni money market funds usually jump up during March and April every year. It probably has to do with cash flow at tax time - money flowing out of funds by tax payers paying taxes - and governments running short before the tax receipts com...
by Dale_G
Fri Apr 26, 2019 11:24 pm
Forum: Personal Investments
Topic: Capital gains - tax loss harvesting
Replies: 9
Views: 692

Re: Capital gains - tax loss harvesting

Short answer = yes. Long term gains can be offset by short term losses.

Dale
by Dale_G
Fri Apr 26, 2019 11:21 pm
Forum: Personal Investments
Topic: Exchange vanguard funds from individual to joint Account
Replies: 13
Views: 774

Re: Exchange vanguard funds from individual to joint Account

Diligent - yes.

I don't know all of the rules for joint accounts however. Others who know better may comment.

Dale
by Dale_G
Fri Apr 26, 2019 11:01 pm
Forum: Personal Investments
Topic: Exchange vanguard funds from individual to joint Account
Replies: 13
Views: 774

Re: Exchange vanguard funds from individual to joint Account

I just did a brief check on the Vanguard website. instead of transferring the assets, you can simply add your spouse to your account on-line. Adding someone as an owner on your individual account is the process of transferring assets currently held in your individual account into a joint account in ...
by Dale_G
Fri Apr 26, 2019 10:56 pm
Forum: Personal Investments
Topic: Exchange vanguard funds from individual to joint Account
Replies: 13
Views: 774

Re: Exchange vanguard funds from individual to joint Account

You don't want to do an "exchange" which involves a sell and a buy. Depending on how the accounts are registered, Vanguard may not permit it anyway. A sell and buy would be a taxable event. Instead, you want to transfer the shares from your account to the joint account. If the joint owner is a US ci...
by Dale_G
Thu Apr 25, 2019 11:13 pm
Forum: Personal Investments
Topic: My fee only advisor at .8%
Replies: 57
Views: 8668

Re: My fee only advisor at .08%

Wpines, welcome to the Bogleheads. Is it possible that your AUM fee is 0.8%, not .08%? The .8% seems more likely. Usually the reason for such a large number of funds is that it is in the advisor's interest to make investing look difficult or impossible for mere mortals. Hence the need for an advisor...
by Dale_G
Sat Apr 13, 2019 11:52 pm
Forum: Personal Investments
Topic: Asset allocation - non-qualified deferred comp
Replies: 5
Views: 362

Re: Asset allocation - non-qualified deferred comp

Yes, of course you have to keep the asset allocation at whatever level desired, but the OP was envisioning a 60/40 in taxable. Better that the equities in taxable are higher and the equities in the deferred comp are lower for tax efficiency.

Dale
by Dale_G
Sat Apr 13, 2019 11:19 pm
Forum: Personal Investments
Topic: Tax treatment of Variable Annuity
Replies: 14
Views: 932

Re: Tax treatment of Variable Annuity

Another thing to do is to look at the original contract and find out what the "guaranteed" rate is for annuitization. If the contract was moved to Vanguard about 1995, the guaranteed rate is probably 4% or higher. Since the guaranteed rate is likely to be higher than the current yield on your short ...
by Dale_G
Sat Apr 13, 2019 9:55 pm
Forum: Personal Investments
Topic: Fees for exchanging mutual funds
Replies: 3
Views: 394

Re: Fees for exchanging mutual funds

VISGX is the Vanguard Small-Cap Growth fund - investor class. VSGAX is the ticker for the Admiral class class of the same fund. The funds do have different prices, but that is not an issue. I don't know if there are any transaction fees at TD, but certainly there is not $1,016 fee for doing the exch...
by Dale_G
Sat Apr 13, 2019 9:39 pm
Forum: Personal Investments
Topic: Asset allocation - non-qualified deferred comp
Replies: 5
Views: 362

Re: Asset allocation - non-qualified deferred comp

The deferred comp plan is similar to an IRA in that all of the money taken out will be subject to taxes at your ordinary rate. And your payments of (probably) 1/15th the first year, 1/14th the next year, etc. are much like IRA RMDs. To the extent possible, equities should be in the taxable and Roth ...
by Dale_G
Wed Apr 10, 2019 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Estate Planning for Mother in Law
Replies: 39
Views: 1918

Re: Estate Planning for Mother in Law

Note: The OP stated that all beneficiaries would receive the payout over 10 years.

It sounds like a good plan John. I would lean to a LifeStrategy fund of your choice.

Dale
by Dale_G
Mon Apr 08, 2019 11:07 pm
Forum: Personal Finance (Not Investing)
Topic: Ex-pat jobs for US citizens
Replies: 10
Views: 1338

Re: Ex-pat jobs for US citizens

There are a lot of overseas contract jobs available. Many for skilled trades - electricians, plumbers, mechanics, etc., plus accountants, purchasing agents ......

Not so much for web designers, appliance salespeople or financial advisors.

Dale
by Dale_G
Sat Apr 06, 2019 11:24 pm
Forum: Investing - Theory, News & General
Topic: Why have Stoneridge Reinsurance failed to have "equity like returns"?
Replies: 37
Views: 2696

Re: Why have Stoneridge Reinsurance failed to have "equity like returns"?

We have been warned on many occasions to "not to confuse strategy with outcome". The strategy itself could be wrong, or it might be right and simply be too expensive to implement. Larry Swedroe on the CANSLIM system (CBS Moneywatch July 28, 2010) First, if something sounds too good to be true, it al...
by Dale_G
Sat Mar 30, 2019 12:29 am
Forum: Investing - Theory, News & General
Topic: Reasonable timeframe to 'average in' to index funds?
Replies: 45
Views: 3509

Re: Reasonable timeframe to 'average in' to index funds?

It is Friday evening now. Place your order now and you will be invested at the end of the day on Monday. Three days lost, you should have invested before the close of the market today.

Dale
by Dale_G
Sat Mar 30, 2019 12:24 am
Forum: Investing - Theory, News & General
Topic: How much $$ would it take for you walk away from investing?
Replies: 45
Views: 4206

Re: How much $$ would it take for you walk away from investing?

I'm firmly in the never quit camp. But if over the next twenty years, cash out performs both equities and bonds, I reserve the right to change my mind. :D I've been investing for 57 years. There were a number of times when cash wasn't much good, but it was still better than equities or bonds. Unfort...
by Dale_G
Fri Mar 29, 2019 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: Large Capital Loss Carryover
Replies: 14
Views: 732

Re: Large Capital Loss Carryover

I am not suggesting this, but I own some shares of a timber reit - Weyerhaeuser (WY), that is paying a a 5% dividend as a capital gain distribution. It is less than 2% of my assets but it helps to eat into the loss carry-forward. I'm 81, so the odds of using up the losses against ordinary income are...
by Dale_G
Thu Mar 28, 2019 11:55 am
Forum: Personal Investments
Topic: Double-check before realizing large capital gains
Replies: 10
Views: 1263

Re: Double-check before realizing large capital gains

Look up the IRS safe harbor rules. In a nutshell: 1. no penalty if tax paid via withholding or estimated payments is =/> the 2019 tax owed 2. no penalty if tax paid via withholding or estimated payments is =/> 100% of 2018 tax paid if 2019 income <100k 3 no penalty if tax paid via withholding or est...
by Dale_G
Wed Mar 27, 2019 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Exchanging collectables and CG taxes
Replies: 1
Views: 180

Re: Exchanging collectables and CG taxes

Sorry, bartering transactions are taxable events - and when you swap one item for another is bartering. Now swapping a 2003 $50 American Eagle for a 2004 to fill out your collection might fly under the radar, but swapping some amount of gold for some amount of platinum is definitely a barter transac...
by Dale_G
Wed Mar 27, 2019 10:33 am
Forum: Personal Finance (Not Investing)
Topic: OK to give adult offspring job but not unearned salary?
Replies: 9
Views: 1380

Re: Gifts to adult offspring?

I add to the investment accounts of both adult sons. They are single, have good jobs, and have more than adequate savings of their own. I recognize that they would actually be better off if I keep the funds, so they will receive a stepped up basis later. I have to balance that against my jumping int...
by Dale_G
Sun Mar 24, 2019 9:07 pm
Forum: Personal Investments
Topic: Equity indexed annuity (variable) in 401K
Replies: 15
Views: 1205

Re: Equity indexed annuity (variable) in 401K

san1, you can ignore the fact that this is a group variable annuity. It is like any other 401k except that the program administrator is an insurance company. No salesman is earning a commission on your purchases and there are no "surrender" fees when you leave the plan. For all intents and purposes,...
by Dale_G
Sun Mar 24, 2019 4:08 pm
Forum: Personal Investments
Topic: Surprised on tax benefit after first year as landlord!
Replies: 20
Views: 3447

Re: Surprised on tax benefit after first year as landlord!

I owned apartment building for more than 20 years. Sure depreciation is good, but it only delays the taxes. In the meantime some people are thinking they are making money when they aren't. I never saw any tremendous subsidies/tax shelters. Now if your rents don't cover costs (not counting any measly...
by Dale_G
Sat Mar 23, 2019 10:46 pm
Forum: Personal Investments
Topic: Surprised on tax benefit after first year as landlord!
Replies: 20
Views: 3447

Re: Surprised on tax benefit after first year as landlord!

I'll be interested if the depreciation recapture goes away by living in the home for a few years after the last rental. My son recently sold a home in this situation. I haven't done the research yet, but I am expecting that the depreciation will be fully recaptured.

Dale
by Dale_G
Sat Mar 23, 2019 10:39 pm
Forum: Personal Investments
Topic: Vanguard frequent trading policy
Replies: 8
Views: 1266

Re: Vanguard frequent trading policy

Snop ..... This causes Vanguard to lock my inter term tax exempt account for new investments for 30 days. This is not a problem because I do not intend to add any more funds to this account for quite some time. Since it is not a problem, just ignore it. It is not like a punishment because you have ...
by Dale_G
Fri Mar 22, 2019 4:55 pm
Forum: Personal Investments
Topic: VXUS now lower cost than VTIAX. Should I convert?
Replies: 28
Views: 2734

Re: VXUS now lower cost than VTIAX. Should I convert?

Odds are it is a loser to switch from VTIAX to VXUS unless you plan to hold for about 7 years. When you convert from the mutual fund to the ETF Vanguard does it at the closing NAV, so no problem there. When it comes to selling however, there may be a gain or loss to NAV. As best I can eyeball it, th...
by Dale_G
Thu Mar 21, 2019 12:37 am
Forum: Personal Investments
Topic: Equity indexed annuity (variable) in 401K
Replies: 15
Views: 1205

Re: Equity indexed annuity (variable) in 401K

Rest a little easy country_runR, you definitely don't have an "Equity Indexed" Variable Annuity. You do have a "Group Variable Annuity". Most retirement plans are held either at a mutual fund company or within a group variable annuity contract at a life insurance company. Retirement plan assets are ...
by Dale_G
Sun Mar 17, 2019 6:05 pm
Forum: Investing - Theory, News & General
Topic: Reverse Glide Path
Replies: 26
Views: 3103

Re: Reverse Glide Path

Use the poster above me as an example, he would have been strictly better off doing a normal glide path and his heirs money would be less volatile as well since now that’s what he’s investing for. He could run into trouble as well and live too long while he’s 75% equities and thinking he’s investin...
by Dale_G
Sun Mar 17, 2019 12:10 am
Forum: Investing - Theory, News & General
Topic: Reverse Glide Path
Replies: 26
Views: 3103

Re: Reverse Glide Path

I am in the a reverse glide path. When I retired in 2001 I was about 55% equities, 45% bonds and maintained that through 2013. At that point I gradually let equities increase while rebalancing some equities to bonds as the market moved up. Every time I took money from equities, I moved my rebalancin...
by Dale_G
Fri Mar 15, 2019 4:43 pm
Forum: Investing - Theory, News & General
Topic: Using dividends to rebalance
Replies: 10
Views: 1294

Re: Using dividends to rebalance

Publish or perish. No one seems particularly concerned about originality. The authors may have been peeking at my notes from 40 years ago.

Dale
by Dale_G
Fri Mar 15, 2019 2:44 pm
Forum: Personal Investments
Topic: setting up new tax account
Replies: 2
Views: 321

Re: setting up new tax account

I would like to setup my first taxable account and have a few questions Can I set the cost basis specific to each fund? I am thinking of using SpecId for Total Stock but maybe Average for any bond found I use? YES Can I set the reinvest options different for each fund? For ample I may reinvest for ...
by Dale_G
Fri Mar 15, 2019 12:02 am
Forum: Personal Investments
Topic: Fee for dividend reinvestment?
Replies: 3
Views: 624

Re: Fee for dividend reinvestment?

OP don't forget you pay capital gains on dividend reinvestment in a taxable account. Dividends (whether ordinary dividends, qualified dividends or capital gains dividends) may be taxed when received. If taxed, it doesn't matter if they are reinvested or not. Reinvesting dividends is not a taxable e...
by Dale_G
Thu Mar 14, 2019 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: First time home buyer. Should we sell stocks for down payment on regular loan or get an FHA loan?
Replies: 8
Views: 716

Re: First time home buyer. Should we sell stocks for down payment on regular loan or get an FHA loan?

Another factor to consider: If there is any doubt by the seller as to the appraised value of the home, he/she will likely choose an offer for cash or a larger down payment. In a recent sale by a relative, we totally ignored higher offers with low down payments. Too bad for folks without an "adequate...
by Dale_G
Wed Mar 13, 2019 4:14 pm
Forum: Personal Investments
Topic: I want to leave Vanguard
Replies: 71
Views: 6024

Re: I want to leave Vanguard

The 7 day hold rule does not apply to the purchase of securities - it applies to withdrawals of newly deposited funds. A prudent business practice these days.

Dale