Search found 28 matches

by BogleDan
Thu Oct 22, 2020 8:21 pm
Forum: Personal Investments
Topic: Capital Gains on House LESS than 1 year
Replies: 8
Views: 719

Re: Capital Gains on House LESS than 1 year

Work with your CPA to determine the appropriate basis for your current house. (Purchase price + certain closing costs + improvements you have made). Your gain upon selling will be (Sales price - certain closing costs). And yes, that includes real estate agent commissions. It will be a short term gai...
by BogleDan
Thu Oct 08, 2020 6:59 pm
Forum: Personal Investments
Topic: Should We Ever Save for Children's College?
Replies: 467
Views: 30019

Re: Should We Ever Save for Children's College?

It's also nice to have a sufficient amount of money saved/on hand so that the decision of which university to attend is not impacted by financial considerations. This is the biggest thing for me. You see it all the time in these threads: "I'm saving x amount, anything beyond that my kids can pay th...
by BogleDan
Tue Oct 06, 2020 3:48 pm
Forum: Personal Investments
Topic: Are financial advisors worth it?
Replies: 47
Views: 4223

Re: Are financial advisors worth it?

I am a firm believer that most people would be better off, once they are seriously acquiring wealth to pay someone for a "financial plan" I don't think most people need help with "investment management" (what most advisors do or all the robo's do). Financial plans help find holes in your current st...
by BogleDan
Tue Oct 06, 2020 3:44 pm
Forum: Personal Investments
Topic: should I pay off mortgage or save for buying a new property?
Replies: 9
Views: 1285

Re: should I pay off mortgage or save for buying a new property?

Another question you need to ask is...are you going to be able to qualify for another mortgage if you are not going to sell your current property? Banks typically want to see at least one year of rental income before they count your rent as “income”. They can usually look at a lease agreement (alth...
by BogleDan
Tue Oct 06, 2020 2:35 pm
Forum: Personal Investments
Topic: should I pay off mortgage or save for buying a new property?
Replies: 9
Views: 1285

Re: should I pay off mortgage or save for buying a new property?

I would not plan to hold your old house as a rental. It will be great if you can purchase your new property without needing to sell your old one; that will give you added leverage in the negotiation. But as for keeping a single family rental... most landlords give up within a few years. You're eithe...
by BogleDan
Tue Sep 29, 2020 8:27 pm
Forum: Personal Investments
Topic: Is this a good time to invest in 529 plan?
Replies: 27
Views: 2316

Re: Is this a good time to invest in 529 plan?

We picked the New York plan which also has Vanguard funds. Can't speak to the Utah plan, but for NY plan simply go to this link and open an account and contribute: https://www.nysaves.org/nytpl/enrollment/createEnrollProspect/viewCollect.cs I also use the NY plan (CA resident). It had Vanguard targ...
by BogleDan
Sat Sep 26, 2020 10:46 am
Forum: Personal Investments
Topic: Is a Trust really needed today?
Replies: 18
Views: 1945

Re: Is a Trust really needed today?

Hi - Helping a family member who has had a trust for years, as I beleive that there were originally advantages of bypassing probate court when it was set up and other complications including real estate and beneficiaries who were minors at the time. Now, he is questioning if it is even necessary si...
by BogleDan
Sat Sep 26, 2020 10:38 am
Forum: Personal Investments
Topic: Buckets in Retirement
Replies: 97
Views: 7718

Re: Buckets in Retirement

I'm not retired yet but am planning to in the next 2-5yrs. We're in the process of building a cash "bucket" mostly because we plan to use the ACA for insurance and it is gated on MAGI. Having a few years of expenses in cash allows us to better control MAGI, staves off a portion of sequence risk and...
by BogleDan
Thu Sep 24, 2020 11:10 am
Forum: Personal Investments
Topic: How to get $200,000 into the market (dollar cost averaging or...)
Replies: 40
Views: 3512

Re: How to get $200,000 into the market (dollar cost averaging or...)

The "right" answer is to put it all in the market now, lump sum. DCA is a good strategy if you fear your emotions will keep you from sticking to your investment strategy. Or will just weigh heavily on you (affecting your quality of life) if there's a major downturn right after you lump sum invest. T...
by BogleDan
Tue Sep 22, 2020 7:37 pm
Forum: Personal Investments
Topic: Extra $180/Month after Refinance. Where does it go?
Replies: 22
Views: 2477

Re: Extra $180/Month after Refinance. Where does it go?

529 is not the right answer for many. It counts against financial aid and may just be throwing money away in some cases. It falls into the trap of "College is X Dollars" and not "College costs are negotiable". Few people pay full price. Though I would say a greater proportion of Boglehead forum pos...
by BogleDan
Tue Sep 22, 2020 7:29 pm
Forum: Personal Investments
Topic: Trying to figure out my estimated taxes for 2020 is driving me insane!
Replies: 22
Views: 2644

Re: Trying to figure out my estimated taxes for 2020 is driving me insane!

I just pay 10% over last year which allows you to not have underpayment penalties. Then you can just pay the difference (or receive a refund) next year, without penalty. This is the answer, if all you are worried about is facing penalties. Pay 110% of last year's tax amount and you will be covered....
by BogleDan
Tue Sep 15, 2020 2:47 pm
Forum: Personal Investments
Topic: Father has 300k+ as a 68 year old. What investing strategy would you advise?
Replies: 33
Views: 4540

Re: Father has 300k+ as a 68 year old. What investing strategy would you advise?

he doesn't track expenses, and north jersey is a VERY tax heavy part of the nation. Cap rate around 8% in our county. So my feeling ie he might not be making much money from the rentals. At least not much more than a passive investing strategy over a decade or two. Although IFeel you on this, I am ...
by BogleDan
Tue Sep 15, 2020 1:52 pm
Forum: Personal Investments
Topic: Vanguard funds in retirement
Replies: 15
Views: 1638

Re: Vanguard funds in retirement

You have no retirement accounts? A single fund is a great idea for a taxable account, and a tax managed fund is a great choice for one. Or something like VTI that is going to have very low turnover (which matters in a taxable account). Get your bond exposure and your international exposure in your r...
by BogleDan
Sun Sep 13, 2020 3:41 pm
Forum: Personal Investments
Topic: New 529 Plan
Replies: 10
Views: 682

Re: New 529 Plan

I used Nebraska for several years from out-of-state. Good fund options.

Last couple of years I have moved new contributions to NY's plan, which offers low fees and good Vanguard choices.
by BogleDan
Sun Sep 13, 2020 11:56 am
Forum: Personal Investments
Topic: How much are your 529 Contributions
Replies: 133
Views: 7585

Re: How much are your 529 Contributions

We contribute about $10k year/child. Our assumptions are 4 years of expensive private school. That's roughly $60k year currently. The expectation is that we'll need to supplement the 529 savings, but the tax free earnings over 18 years are certainly a huge boon. That seems to be the part of the equa...
by BogleDan
Fri Jan 11, 2019 12:36 pm
Forum: Personal Investments
Topic: Portfolio Tune-Up for the New Year
Replies: 7
Views: 681

Re: Portfolio Tune-Up for the New Year

Your 401(k) has a lot of complexity (like that fraction of a percent in large cap growth). You could simplify it to a three-fund portfolio, plus any tilts. I don't tilt, but I think you need 5-10% of something for it to make much difference. If I were to whip my Schwab 401k into shape without addin...
by BogleDan
Wed Jan 09, 2019 10:08 pm
Forum: Personal Investments
Topic: Portfolio Tune-Up for the New Year
Replies: 7
Views: 681

Re: Portfolio Tune-Up for the New Year

+1 Lot of complexity in all this 1) Too many funds in 401k -why have an SP500 fund, a Vanguard institutional index and a total market? All similar fund returns -you have 4 funds under 10% of assets? -you don’t mention REITs in your allocation but have 7% here 2)Why have a Vanguard and Betterment ac...
by BogleDan
Wed Jan 09, 2019 10:01 pm
Forum: Personal Investments
Topic: Portfolio Tune-Up for the New Year
Replies: 7
Views: 681

Re: Portfolio Tune-Up for the New Year

You do have some taxable bonds in taxable accounts, which is often not best for tax liability, but growth in Roth accounts is also good, so I'm not sure whether you want to fiddle. Would you suggest taxable accounts only hold Stocks + Cash? Or would it be okay to hold bonds if they were tax "smart"...
by BogleDan
Wed Jan 09, 2019 3:34 pm
Forum: Personal Investments
Topic: Portfolio Tune-Up for the New Year
Replies: 7
Views: 681

Portfolio Tune-Up for the New Year

Hi all, With the new year I have tasked myself with getting a handle on my investing life and trying to align it more with the Boglehead philosophy. I'll include the details here and then a few questions at the bottom. Any advice/guidance you can give is very much appreciated! Target Retirement: 204...
by BogleDan
Sun Oct 07, 2018 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Has anyone used software to write a Will?
Replies: 66
Views: 5412

Has anyone used software to write a Will?

Hi all, A recent death in the family has made me want to get serious about writing a will to provide for my family and kids. I'm in my mid-30s, so hopefully it won't be needed for a while (!), but if something tragic happened to both my wife and I, for instance, I'd want to have preparations made fo...
by BogleDan
Fri Jul 06, 2018 12:55 pm
Forum: Personal Investments
Topic: Starting Bogle method with 300K (1 string attached)
Replies: 14
Views: 2381

Re: Starting Bogle method with 300K (1 string attached)

As the above poster said, VTEB is a National Muni, so you will still have to pay Ca. state tax. You may want to see if one of the California tax exempt funds satisfies your investing requirements. Have you checked if you have a gain or a loss in BND since you purchased it? If so (a gain), sometimes...
by BogleDan
Thu Jul 05, 2018 11:21 am
Forum: Personal Investments
Topic: Starting Bogle method with 300K (1 string attached)
Replies: 14
Views: 2381

Re: Starting Bogle method with 300K (1 string attached)

I'm glad I read this thread! I didn't know bond funds were frowned upon in taxable threads. I have about 12k of BND in my taxable vanguard account. Would like to exchange it for VTEB instead (I'm in the highest tax bracket in California). Is there a smart way to do this to minimize distributions/tax...
by BogleDan
Wed Jun 20, 2018 5:14 pm
Forum: Personal Investments
Topic: Merrill Edge best choice for higher net worth accounts?
Replies: 82
Views: 19670

Re: Merrill Edge best choice for higher net worth accounts?

One of the great benefits of Merrill Edge that I recently became aware of is, you can use funds in your account as "reserves" for a child's down payment on a house (or your own, if need be). For instance, your child needs 20% down on a $500,000 house. Merrill will mark $100k as "reserved" in your ac...
by BogleDan
Wed Jun 06, 2018 9:46 pm
Forum: Personal Investments
Topic: Qualified investments....
Replies: 5
Views: 851

Re: Qualified investments....

It's an interesting question. I don't know of any clearinghouses for the type of thing you're talking about: opportunities for accredited investors. However, I'm sure a financial advisor could come up with some ideas for you (for a fee). Alternatively, you could go to a place like BiggerPockets and ...
by BogleDan
Wed Jun 06, 2018 9:40 pm
Forum: Personal Investments
Topic: 529 Asset Allocation Help
Replies: 10
Views: 1342

Re: 529 Asset Allocation Help

If you consider all three 529s one big "pot" (which they are, since changing the beneficiary from one child to the other is simple and free), .. Except for gift taxes, perhaps https://www.irs.gov/pub/irs-pdf/i709.pdf This is interesting to me, because 529s are still considered strictly to be under ...
by BogleDan
Tue Jun 05, 2018 12:50 pm
Forum: Personal Investments
Topic: 529 Asset Allocation Help
Replies: 10
Views: 1342

Re: 529 Asset Allocation Help

On the other hand, your youngest won't graduate for another 13 years. That's a pretty long time horizon. If you consider all three 529s one big "pot" (which they are, since changing the beneficiary from one child to the other is simple and free), it might make sense to stay aggressive with all the m...
by BogleDan
Mon Jun 04, 2018 5:07 pm
Forum: Personal Investments
Topic: What are you doing with cash?
Replies: 82
Views: 14035

Re: What are you doing with cash?

My situation: I keep six-figures at all times in an Ally Savings account (currently 1.5%) due to needing money on hand for estimated taxes. I am very open to other options for that money (including the Prime Money Market, a municipal bond fund like VTEBX, or a municipal money market fund like VCTXX...
by BogleDan
Sun Jun 03, 2018 6:08 pm
Forum: Personal Investments
Topic: What are you doing with cash?
Replies: 82
Views: 14035

Re: What are you doing with cash?

My personal choice would be Vanguard Prime Money Market Fund (VMMXX), current SEC Yield = 1.91% in a taxable account. When needed the money can be available in your checking account within 2 days. Can you talk a bit more about the Prime Money Market Fund as an option? I don't quite understand how S...