Search found 180 matches

by LinusP
Mon Jan 27, 2020 9:40 am
Forum: Personal Consumer Issues
Topic: BlackTux - buy your rental?!
Replies: 8
Views: 812

Re: BlackTux - buy your rental?!

When I was in college, I needed a tux for orchestral concerts I was performing in. I couldn't afford a new tux at that point, so I bought a used one from a place that had rented then out. Think it was about $100 with accessories, including shoes. That was over 20 years ago, and I've probably worn it...
by LinusP
Thu Jan 23, 2020 12:29 am
Forum: Personal Investments
Topic: TSP Loan or Sell Taxable Stocks to Buy Rental Property
Replies: 13
Views: 612

Re: TSP Loan or Sell Taxable Stocks to Buy Rental Property

Others make good points about the dangers loans can pose. But if you're going into it for the right reasons, not to spend more than you have, I think TSP loans are perfectly fine. Two things I gleaned from the What so scary about TSP loans? thread: If you already have the amount of the loan in the G...
by LinusP
Mon Jan 06, 2020 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity free Turbotax
Replies: 701
Views: 76861

Re: Fidelity Free Turbotax 2019

I don't see anything related to Turbo Tax on the Summary tab - for All Accounts, or any of the individual accounts. I have Brokerage, Cash Management, HSA, and Visa credit card accounts with Fidelity; <$5k in each except Brokerage, which is just over $100k. I'm not particularly disappointed; just a ...
by LinusP
Wed Nov 27, 2019 6:04 pm
Forum: Personal Investments
Topic: Tax efficiency when in the 12% bracket
Replies: 12
Views: 2572

Re: Tax efficiency when in the 12% bracket

I think you’re trying to ask if it matters how your available 0% space is allocated between QDI distributions, LTCG distributions if applicable, and LTCG voluntarily realized by TGH. Yes, I think this is essentially what I'm asking. Thanks, this is a much clearer way to both think about it and say ...
by LinusP
Tue Nov 26, 2019 11:28 pm
Forum: Personal Investments
Topic: Tax efficiency when in the 12% bracket
Replies: 12
Views: 2572

Re: Tax efficiency when in the 12% bracket

More info: We might leave California sometime in the next couple of years, but doing so would probably be for a higher-paying job that would reduce or eliminate our space in the 0% long-term capital gain bracket. I hope to retire on the early side, but not before my minimum retirement age of 57 sinc...
by LinusP
Mon Nov 18, 2019 8:13 pm
Forum: Personal Investments
Topic: Tax efficiency when in the 12% bracket
Replies: 12
Views: 2572

Re: Tax efficiency when in the 12% bracket

Bump - it would be nice to get some feedback on this.
by LinusP
Sun Nov 17, 2019 4:59 pm
Forum: Personal Investments
Topic: Tax efficiency when in the 12% bracket
Replies: 12
Views: 2572

Re: Tax efficiency when in the 12% bracket

You are on the right path. There are threads that talk about the small differences in FSKAX and FTIHX. You are looking for bigger fish to fry. https://www.bogleheads.org/forum/viewtopic.php?t=268311 You need to be looking for ways to get your nest egg out of taxable and into retirement accounts (Ro...
by LinusP
Sun Nov 17, 2019 4:35 pm
Forum: Personal Investments
Topic: Tax efficiency when in the 12% bracket
Replies: 12
Views: 2572

Tax efficiency when in the 12% bracket

First, the question: Other things being equal, is a fund that has higher qualified dividends and/or long-term capital gains distributions any less tax-efficient for taxpayers in the 12% bracket (who pay 0% tax on long-term capital gains) , if they plan to tax gain harvest? How I got to that question...
by LinusP
Mon Nov 11, 2019 4:25 pm
Forum: Investing - Theory, News & General
Topic: TSP 3-Funds or TSP Target Date Fund?
Replies: 67
Views: 4790

Re: TSP 3-Funds or TSP Target Date Fund?

why did you choose not to roll your other retirement accounts into the TSP, if you had such an option. I don't think you can rollover a Roth IRA into TSP. I also have a taxable account; if I ever had trouble finding cash to max out TSP contributions, I'd raid those funds...but haven't needed to yet.
by LinusP
Sun Nov 10, 2019 10:08 pm
Forum: Investing - Theory, News & General
Topic: TSP 3-Funds or TSP Target Date Fund?
Replies: 67
Views: 4790

Re: TSP 3-Funds or TSP Target Date Fund?

By the way, TSP can directly simulate TSM with a 80%/20% C/S allocation. Actually, it's closer to 87%/13% these days. See Thrift Savings Plan in the wiki for a reference. Do you simulate this fund or use the L fund in your portfolio? I started out with an age-appropriate L fund and a target date fu...
by LinusP
Tue Oct 22, 2019 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Is principal portion of mortgage counted for savings rate purposes?
Replies: 126
Views: 7339

Re: Is principal portion of mortgage counted for savings rate purposes?

I consider your savings to be your net income (gross income minus taxes minus expenses) that is invested or held in cash or cash equivalents. Just because "savings account" and "savings rate" share a word doesn't mean they're that closely related. When you contribute to a stock fund in your 401k, t...
by LinusP
Wed Sep 25, 2019 11:50 am
Forum: Personal Investments
Topic: Heads-up: Vanguard Federal MM higher TEY than Prime/Treasury MM for many
Replies: 11
Views: 2737

Re: Heads-up: Vanguard Federal MM higher TEY than Prime/Treasury MM for many

...and just like that, VMFXX's TEY advantage over VMMXX/VUSXX is pretty much gone. After a small bump in VMFXX's yield, it's dropped 7 basis points in the last two days.
by LinusP
Fri Sep 20, 2019 1:25 pm
Forum: Personal Investments
Topic: Heads-up: Vanguard Federal MM higher TEY than Prime/Treasury MM for many
Replies: 11
Views: 2737

Re: Heads-up: Vanguard Federal MM higher TEY than Prime/Treasury MM for many

[...] I had been using the following =index(importhtml("http://www.nasdaq.com/symbol/"&B12,"table",3),2,5) [...] This used to work. However, for the past few days, it seems this method is broken as the nasdaq website just shows "n/a" for the data. Anyone with the smarts to help figure out how to ge...
by LinusP
Thu Sep 19, 2019 9:15 pm
Forum: Personal Investments
Topic: Heads-up: Vanguard Federal MM higher TEY than Prime/Treasury MM for many
Replies: 11
Views: 2737

Re: Heads-up: Vanguard Federal MM higher TEY than Prime/Treasury MM for many

[...] I had been using the following =index(importhtml("http://www.nasdaq.com/symbol/"&B12,"table",3),2,5) [...] This used to work. However, for the past few days, it seems this method is broken as the nasdaq website just shows "n/a" for the data. Anyone with the smarts to help figure out how to ge...
by LinusP
Wed Sep 18, 2019 6:34 pm
Forum: Personal Investments
Topic: Heads-up: Vanguard Federal MM higher TEY than Prime/Treasury MM for many
Replies: 11
Views: 2737

Heads-up: Vanguard Federal MM higher TEY than Prime/Treasury MM for many

Yields have been dropping, and Vanguard Prime Money Market (VMMXX) is no exception. Reported 7-day SEC yields for 9/17/2019 are 2.06% for VMMXX, 2.05% for Federal Money Market (VMFXX, the default sweep account), and 1.96% for Treasury Money Market (VUSXX, $50k minimum). By my calculations (adding VM...
by LinusP
Fri Sep 06, 2019 11:22 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 13192
Views: 2238264

Re: U.S. stocks in free fall

Folks - all of this conversation about international has no place in the "U.S. stocks in free fall" thread. Can we get back to the inane banter about "buying the dip", please?
by LinusP
Thu Sep 05, 2019 11:39 am
Forum: Personal Finance (Not Investing)
Topic: TSP Loan, Mortgage Pre-payment
Replies: 8
Views: 673

Re: TSP Loan, Mortgage Pre-payment

By doing this, you are missing out on growth potential of the money you take out of the TSP. I think it is a bad idea. If he has at least the loan amount in the G fund, he could change his allocations just prior to taking out the loan, such that there would be very little "opportunity cost" lost - ...
by LinusP
Wed Sep 04, 2019 3:05 pm
Forum: Investing - Theory, News & General
Topic: Where to put excess College savings once 529 Goals are met.
Replies: 17
Views: 1543

Re: Where to put excess College savings once 529 Goals are met.

I-bonds can be rolled into 529 accounts tax-free Note- subject to income limits. (May be exceeded by someone with enough income to have fully/over funded 529s.) Thanks for pointing this out. IRS Form 8815 spells out modified adjusted gross income (MAGI) for 2018 under $94,550 for single, head-of-ho...
by LinusP
Wed Sep 04, 2019 2:46 pm
Forum: Investing - Theory, News & General
Topic: Where to put excess College savings once 529 Goals are met.
Replies: 17
Views: 1543

Re: Where to put excess College savings once 529 Goals are met.

Does anyone have any suggestions/advice on where to put the money for an approximate 6 year time horizon? We stopped funding 529s for our kids to be cautious about over-funding. My current favorite idea is to start buying Series I Savings Bonds in the 5-7 years before they start school - the nice f...
by LinusP
Mon Aug 05, 2019 4:33 pm
Forum: Personal Investments
Topic: Ally & Marcus Dropping Some Interest Rates (Title Edited 8-8-19)
Replies: 59
Views: 8797

Re: Ally Dropping Interest Rate on their Online Savings Account 8-6-19

I haven't talked to Ally to confirm, but I'm guessing I didn't get an email because I have a $0 balance in my savings account.
by LinusP
Mon Aug 05, 2019 1:35 pm
Forum: Investing - Theory, News & General
Topic: Excel Quotes Add-In: Stock quotes from Gaier Software
Replies: 9
Views: 1620

Re: Excel Quotes Add-In: Stock quotes from Gaier Software

Is anyone else having trouble with the Excel Quotes Add-In? I've refreshed many times, but can't seem to get any new data since last Tuesday's close (July 30th).
by LinusP
Mon Aug 05, 2019 11:30 am
Forum: Personal Finance (Not Investing)
Topic: Federal Employee Burn or Sick Leave [before retirement]
Replies: 125
Views: 10185

Re: Federal Employee Burn or Sick Leave [before retirement]

Yeah, people just don't understand the numbers. As you said if during the course of their career they use up 1 year of annual leave (credit time, comp time, etc.) instead of sick leave, they are throwing away one full year of salary to get 1% extra on a pension that is somewhere in the neighborhood...
by LinusP
Sun Aug 04, 2019 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Federal Employee Burn or Sick Leave [before retirement]
Replies: 125
Views: 10185

Re: Federal Employee Burn or Sick Leave [before retirement]

Yeah, people just don't understand the numbers. As you said if during the course of their career they use up 1 year of annual leave (credit time, comp time, etc.) instead of sick leave, they are throwing away one full year of salary to get 1% extra on a pension that is somewhere in the neighborhood...
by LinusP
Fri Jul 26, 2019 10:31 am
Forum: Personal Consumer Issues
Topic: Outdoor “misting fan” recommendation?
Replies: 7
Views: 921

Re: Outdoor “misting fan” recommendation?

I recently was sitting at the outdoor patio of a hotel on an insanely hot day... they had this amazing overhead fan that sprayed the perfect amount of mist on you while you sat. It never made you feel wet and the water never collected. [...] Our back patio gets super hot in the sun and something li...
by LinusP
Thu Jul 25, 2019 10:22 am
Forum: Personal Investments
Topic: VTWAX TLH pair
Replies: 7
Views: 756

Re: VTWAX TLH pair

Something like this makes sense to me:

Code: Select all

        VTSAX -> VFIAX -> VLCAX
      /
VTWAX            VTMGX
      \        /
        VTIAX
               \
                 VEMAX
by LinusP
Wed Jul 24, 2019 10:54 am
Forum: Investing - Theory, News & General
Topic: Donating Appreciated Shares during Accumulation Stage
Replies: 24
Views: 1631

Re: Donating Appreciated Shares during Accumulation Stage

2) DAF makes it very flexible to meet your SALT (such as every-other-year) and tweak your marginal rates when needed. (DAF is an excellent tax tool) A friend told me about this strategy a year ago, and since then I have set up a DAF to facilitate it. As others above have mentioned, it also goes wel...
by LinusP
Tue Jul 23, 2019 10:29 pm
Forum: Personal Investments
Topic: specific investments when market crashes
Replies: 38
Views: 4391

Re: specific investments when market crashes

For me, even if I was in the highest tax bracket, that would be a huge savings since saving half of 39% is more than saving half of 10% or 12%! If my marginal tax rate rate were 39%, I'd be pretty skeptical about paying "19.5%" tax (after a 50% drop) if my marginal tax rate could be lower than that...
by LinusP
Mon Jul 22, 2019 4:20 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting Worth it?
Replies: 176
Views: 13169

Re: Tax Loss Harvesting Worth it?

IMHO - There's nothing wrong with TLH, but it's generally a waste of time, especially if you're investing in big, broad-based index funds or ETF's. Assuming that you're using the famous 3-fund portfolio (or some similar variant) and you rebalance with cash flows, then you probably don't have any re...
by LinusP
Fri Jul 19, 2019 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Help, Single Filer try to maintain 0% LT capital gains tax
Replies: 7
Views: 943

Re: Help, Single Filer try to maintain 0% LT capital gains tax

I think the definition of "taxable income" that's relevant for capital gains calculations is essentially the last line on Form 1040 before the calculation of tax. So yes, it's after subtracting adjustments to income and standard/itemized deductions.
by LinusP
Thu Jul 18, 2019 11:09 pm
Forum: Personal Finance (Not Investing)
Topic: Help, Single Filer try to maintain 0% LT capital gains tax
Replies: 7
Views: 943

Re: Help, Single Filer try to maintain 0% LT capital gains tax

No. In this scenario, he would pay 0% tax on only $1 of LTCG. Or maybe $0 depending on what the limit represents. The rest would be taxed at 15%. I'm not sure this is right. My understanding is that the capital gains rate is based on taxable income, so since he's coming in $1 under that, all gains ...
by LinusP
Thu Jul 18, 2019 6:36 pm
Forum: Investing - Theory, News & General
Topic: TSP 3-Funds or TSP Target Date Fund?
Replies: 67
Views: 4790

Re: TSP 3-Funds or TSP Target Date Fund?

bgyt wrote:
Thu Jul 18, 2019 3:15 pm
By the way, TSP can directly simulate TSM with a 80%/20% C/S allocation.
Actually, it's closer to 87%/13% these days. See Thrift Savings Plan in the wiki for a reference.
by LinusP
Sun Jul 14, 2019 5:17 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 3718
Views: 342238

Re: U.S. stocks continue to soar!

Average net worth for my age is will over one million dollars. https://www.financialsamurai.com/the-average-household-net-worth-in-america-is-huge/ I was feeling good about my returns and the increase in the value of my stuff but the numbers put me in my place. You should read up on the difference ...
by LinusP
Sat Jul 13, 2019 4:49 pm
Forum: Personal Investments
Topic: What to do with 100k at this moment in time
Replies: 8
Views: 1258

Re: What to do with 100k at this moment in time

No one can predict the market's next move. DCA is nice when the market keeps rising, not so nice when it keeps falling, unless it turns up again quickly and you bought low. When you have a choice between investing a lump sum and dollar cost averaging, lump sum is better if the market continues to r...
by LinusP
Thu Jul 11, 2019 4:54 pm
Forum: Investing - Theory, News & General
Topic: Why is Vanguard Treasury Money Market yield so high?
Replies: 115
Views: 34446

Re: Why is Vanguard Treasury Money Market yield so high?

Kevin M wrote:
Thu Jul 11, 2019 2:02 pm
[...] if the income from USGO for VMFXX is about the same percentage as last year, the TEY also is slightly higher for me than for VUSXX.
I pulled the trigger on switching back from VUSXX to VMFXX today - no sense leaving 5 bp on the table, right?
by LinusP
Thu Jul 11, 2019 12:08 pm
Forum: Personal Investments
Topic: 25 years to retirement; assume 0 future contributions
Replies: 21
Views: 2677

Re: 25 years to retirement; assume 0 future contributions

I think Watty's approach is spot on. My wife is staying at home with our two kids (ages 10 months and 1 year 10 months). We had saved up a bunch of extra cash to use in supplementing my income after she stopped working. I also have some taxable stock funds slated for retirement, and intend to sell t...
by LinusP
Mon Jul 08, 2019 6:44 pm
Forum: Investing - Theory, News & General
Topic: Tax GAIN Harvesting
Replies: 21
Views: 2420

Re: Tax GAIN Harvesting

Thanks all, this is making more sense to me. In many ways, I think what's most advantageous is to have a mix of high-gain and low-gain lots so you preserve options - for high gains, make charitable donations or leave to heirs (who get a step-up in basis); for low gains, harvest future losses, or, fo...
by LinusP
Mon Jul 08, 2019 6:02 pm
Forum: Investing - Theory, News & General
Topic: Tax GAIN Harvesting
Replies: 21
Views: 2420

Re: Tax GAIN Harvesting

So do you sell those assets with the higher percentage gain or the lowest. Assume no matter what choice you will harvest the same dollar amount of gain. Any thoughts as to which is best and under what circumstances? Sell from assets with higher percentage gain, because those with lowest percentage ...
by LinusP
Sat Jun 29, 2019 1:57 pm
Forum: Personal Investments
Topic: How to maximize 3 Fund Portfolio w/ TSP & i401k ?
Replies: 53
Views: 3685

Re: How to maximize 3 Fund Portfolio w/ TSP & i401k ?

Tomwood (the OP) is talking about contributing the max to TSP, which is $19k this year. Whether you contribute to Roth or Traditional, you still have that $19k in your TSP (plus any gains or minus any losses). TSP doesn't take out anything for taxes. If you contribute to Traditional, it's possible y...
by LinusP
Tue Jun 25, 2019 11:08 am
Forum: Personal Investments
Topic: Dodge & Cox DODIX
Replies: 13
Views: 1932

Re: Dodge & Cox DODIX

I currently hold DODIX in my PayFlex Health Savings Account (HSA). There are so many better bond funds with lower expense ratios, but none of those are available in my HSA, so DODIX is what I'm stuck with for now. It's acceptable, but I don't know why one would choose it if lower-expense options wer...
by LinusP
Fri Jun 21, 2019 6:18 pm
Forum: Personal Investments
Topic: How to maximize 3 Fund Portfolio w/ TSP & i401k ?
Replies: 53
Views: 3685

Re: How to maximize 3 Fund Portfolio w/ TSP & i401k ?

Actually the Roth TSP does have RMDs, but this is easily avoided by transferring your Roth money to Roth IRA before your RMDs start. Thanks, I edited my post so there wasn't bad information lurking in the thread. I removed the incorrect portion of my post, too. And I learned something new today! :w...
by LinusP
Fri Jun 21, 2019 8:44 am
Forum: Personal Investments
Topic: How to maximize 3 Fund Portfolio w/ TSP & i401k ?
Replies: 53
Views: 3685

Re: How to maximize 3 Fund Portfolio w/ TSP & i401k ?

Lots of feds retire to PA because it doesn't tax pensions. But what if you plan to retire in FL where there is no state income tax? If so, a traditional TSP is for you. I searched for states who don’t tax pensions and there are quite a few. If I plan to retire in PA, FL or a similar state, should I...
by LinusP
Wed Jun 19, 2019 11:48 am
Forum: Personal Investments
Topic: Fixed-income strategy; various goals
Replies: 18
Views: 2507

Re: Fixed-income strategy; various goals

I'm revisiting this, after letting Dodecahedron's comments sink in a bit and doing more reading. In the adjustment from two incomes to one, I had been quite focused on having enough liquid assets to cover any shortfall. Tallying up our various options for shortfall funds, though, has been eye-openin...
by LinusP
Wed Jun 19, 2019 11:47 am
Forum: Personal Investments
Topic: How to maximize 3 Fund Portfolio w/ TSP & i401k ?
Replies: 53
Views: 3685

Re: How to maximize 3 Fund Portfolio w/ TSP & i401k ?

A three fund portfolio is very easy to build at the TSP. The TSP C Fund is indexed to the S&P 500. The S Fund is indexed to a completion index of smaller capitalization stocks. The ratio changes a little with time but if you go 80% C Fund and 20% S Fund you'll replicate Total Stock Market. Actually...
by LinusP
Wed Jun 19, 2019 10:30 am
Forum: Personal Investments
Topic: How to maximize 3 Fund Portfolio w/ TSP & i401k ?
Replies: 53
Views: 3685

Re: How to maximize 3 Fund Portfolio w/ TSP & i401k ?

A three fund portfolio is very easy to build at the TSP. The TSP C Fund is indexed to the S&P 500. The S Fund is indexed to a completion index of smaller capitalization stocks. The ratio changes a little with time but if you go 80% C Fund and 20% S Fund you'll replicate Total Stock Market. Actually...
by LinusP
Wed Jun 19, 2019 10:14 am
Forum: Personal Investments
Topic: How to maximize 3 Fund Portfolio w/ TSP & i401k ?
Replies: 53
Views: 3685

Re: How to maximize 3 Fund Portfolio w/ TSP & i401k ?

Does the G fund offer the same projected return as the bond fund suggested in the 3 fund portfolio? Not precisely, no, but I would say its overall function in your portfolio is essentially the same. I believe the 'classic' 3-fund portfolio uses Total Bond Market for bonds, which would be the F Fund...
by LinusP
Tue Jun 18, 2019 2:34 pm
Forum: Personal Investments
Topic: How to maximize 3 Fund Portfolio w/ TSP & i401k ?
Replies: 53
Views: 3685

Re: How to maximize 3 Fund Portfolio w/ TSP & i401k ?

Congrats on your new job! There are challenges to being a fed, but many rewards as well. First, read Thrift Savings Plan in the wiki. There's a bunch of helpful info in there. Depending on how you want to look at it, the G Fund is either a (usually) higher-rate money market account or a bond fund wi...
by LinusP
Fri Jun 14, 2019 5:56 pm
Forum: Investing - Theory, News & General
Topic: For the wiki: HSA as an emergency fund
Replies: 31
Views: 3531

Re: For the wiki: HSA as an emergency fund

I pay out of pocket for current medical expenses, scan/file receipts and keep track of the total amount of HSA funds I may withdraw tax free. This amount is figured into my emergency fund. Anytime I pay a medical expense, I view it as a deposit into my EF. Does that mean your emergency fund is stil...
by LinusP
Fri Jun 14, 2019 5:25 pm
Forum: Personal Investments
Topic: Max out 401k or TSP
Replies: 20
Views: 1111

Re: Max out 401k or TSP

TSP does not allow after tax contributions to their plan. This is incorrect - TSP has offered a Roth contribution option since 2012. You can't do in-plan Roth conversions in TSP, but that's a different animal. I wasn’t talking about Roth TSP, but about making after-tax contributions (similar to mak...
by LinusP
Fri Jun 14, 2019 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Dental/Vision Insurance for Baby
Replies: 33
Views: 1676

Re: Dental/Vision Insurance for Baby

livesoft wrote:
Fri Jun 14, 2019 2:33 pm
(...) it usually pays off because a lot of dentistry is not an emergency in my opinion.
In my opinion, a lot of dental work isn't important, let alone necessary or 'an emergency'. The Atlantic: The Truth About Dentistry
by LinusP
Fri Jun 14, 2019 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Short-term money needs for Executor of Estate
Replies: 57
Views: 4547

Re: Short-term money needs for Executor of Estate

Some states have TOD deeds that work just like a TOD bank account (the mechanics of that were that after the last parent died, we (the kids named as TOD beneficiaries) sold the house by providing a death certificate at closing; that was all the paperwork required). That assumes you have heirs that ...