Search found 3086 matches

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: 484

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: 473

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: 566

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: 473

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: 555

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: 1285

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: 314

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: 25
Views: 3705

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: 4580

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: 4580

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: 575

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: 2741

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: 4559

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: 5975

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: 42
Views: 4124

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: 42
Views: 4124

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: 304
Views: 52989

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: 904

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: 651

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: 904

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: 2057

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: 1487

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: 870

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: 934

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: 972

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: 2381

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: 2607

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: 564

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: 3625

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: 2136

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: 9763

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: 9763

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: 1248

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: 1248

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: 1203

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...
by Dale_G
Tue Aug 07, 2018 5:32 pm
Forum: Investing - Help with Personal Investments
Topic: Help me understand a 'Life Income Plan' ?
Replies: 19
Views: 1933

Re: Help me understand a 'Life Income Plan' ?

fastrak, there are no free lunches, despite the glowing projections of an insurance salesman. If this policy was really the answer, there would be a long line outside his office. Instead, the insurance salesman probably spends most of his time trying to get someone to come to the office. If you need...
by Dale_G
Tue Aug 07, 2018 5:16 pm
Forum: Investing - Help with Personal Investments
Topic: Premium Financed Indexed Life Insurance Policies
Replies: 14
Views: 915

Re: Premium Financed Indexed Life Insurance Policies

There are exceptions, but generally umbrella insurance is sold in conjunction with auto/homeowners insurance. RLI is one company that sells umbrellas to folks who insure their property and autos at other companies. The cost for a 1 million dollar policy could be in the range of $200-$400. The cost f...
by Dale_G
Tue Aug 07, 2018 12:52 pm
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 240
Views: 21691

Re: "Don't Obsess About Expense Ratios"

I am glad that Fido has done the zero er thing. Competition is great - and more investors will get a better deal. But I ran the numbers for my own Total Stock Market in my taxable account. The capital gains are 68% of the holding. If I were to sell TSM at Vanguard and buy at Fido (and pay cap gain t...
by Dale_G
Sun Aug 05, 2018 11:42 am
Forum: Investing - Help with Personal Investments
Topic: Premium Financed Indexed Life Insurance Policies
Replies: 14
Views: 915

Re: Premium Financed Indexed Life Insurance Policies

Andy, the first line of defense for asset protection is an adequate umbrella insurance policy. Check your state law for asset protection provided by annuities. An umbrella + term insurance + cheap variable annuities may suit your need much more effectively and far cheaper than this very expensive "l...
by Dale_G
Sun Aug 05, 2018 12:02 am
Forum: Investing - Help with Personal Investments
Topic: Premium Financed Indexed Life Insurance Policies
Replies: 14
Views: 915

Re: Premium Financed Indexed Life Insurance Policies

Yeah, I have heard of these policies.

But question #1: Do you have any need for 10 million dollars of life insurance? Or are you just being dazzled by a slick insurance salesman?

Dale
by Dale_G
Fri Aug 03, 2018 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: First Home, quadplex???
Replies: 15
Views: 1518

Re: First Home, quadplex???

I never lived in a quadplex, but I owned several for 20 years decades ago - in a lower rent area at that. Take care with vetting tenants. I had very few problems with either tenants or vacancies. Sometimes, no calls for months on end. The fact that the OP intends to occupy a unit should reduce the h...
by Dale_G
Thu Aug 02, 2018 12:35 am
Forum: Investing - Theory, News & General
Topic: Respect the Magical Power of Mean Reversion
Replies: 20
Views: 2208

Re: Respect the Magical Power of Mean Reversion

I am still waiting for my railroad, canal and buggy whip companies to return to their former glory.

Dale
by Dale_G
Mon Jul 30, 2018 3:44 pm
Forum: Investing - Help with Personal Investments
Topic: Retirees: how much cash?
Replies: 61
Views: 6721

Re: Retirees: how much cash?

73% equities, 26.6% bonds, 0.4% cash. I have always kept a minimal amount in cash. Cash is not bad these days compared to bonds, but I won't be moving any money there. In the event of a need for loot, there is money available from muni funds (with negligible tax consequence) and I bonds. I just neve...
by Dale_G
Fri Jul 27, 2018 3:24 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Precious Metals and Mining Fund is changing
Replies: 83
Views: 11078

Re: Vanguard Precious Metals and Mining Fund is changing

Well no worries about a capital gain distribution for a while. And it is unlikely that many investors have much of a capital gain in the fund.

Still, a very radical change. I owned the fund for a short time, probably 30 years ago. I'm glad I didn't "stay the course" :D

Dale
by Dale_G
Tue Jul 24, 2018 11:06 pm
Forum: Investing - Help with Personal Investments
Topic: unrealized gains
Replies: 2
Views: 386

Re: unrealized gains

Too further put your mind at ease: the fund is unlikely to realize significant gains even if it is forced to sell stocks during a downturn when some panicked investors sell out. The fund will first sell the high cost shares purchased during the euphoria proceeding the down turn.

Dale
by Dale_G
Tue Jul 24, 2018 5:18 pm
Forum: Investing - Help with Personal Investments
Topic: How do you deal with a bear market?
Replies: 35
Views: 2455

Re: How do you deal with a bear market?

Grt2bOutdoors wrote:
Tue Jul 24, 2018 4:49 pm
[I think you meant you got out in 1987 and back in 1992/1993.
I thought that is what I said. Actually I did get back into the equity market sooner, but I did not reach my 60% equity allocation until 1992/1993.

Dale
by Dale_G
Tue Jul 24, 2018 4:46 pm
Forum: Investing - Help with Personal Investments
Topic: How do you deal with a bear market?
Replies: 35
Views: 2455

Re: How do you deal with a bear market?

I dabbled in the markets (without much money) in the 60's and 70's, so I don't even remember the bear markets of 1968 and 1973 (approximate dates). Since beginning to invest seriously in 1982, I have seen 3 bear markets > 20% declines and 10 corrections > 10% but < 20% declines. 1987 - the draw down...