Search found 1729 matches

by LH2004
Sat Nov 22, 2008 1:07 am
Forum: Investing - Theory, News & General
Topic: Vanguard's FFNOX equivalent
Replies: 2
Views: 1761

Re: Vanguard's FFNOX equivalent

Is there a Vanguard equivalent to Fidelity's Four-In-One Index fund (FFNOX)? Look at Vanguard STAR (VGSTX). They aren't very similar -- Fidelity Four-in-One is the domestic total market, domestic bonds and developed large cap index funds; Vanguard STAR is all actively managed, some of it quite acti...
by LH2004
Sat Nov 22, 2008 12:01 am
Forum: Investing - Theory, News & General
Topic: Dividend projections?
Replies: 8
Views: 1912

dizzy wrote:Since I'm retired, I don't care so much about NAV and share price, as long as the cash generation is reasonably constant.
Here's a neat trick: if the dividends are ever too low, sell some shares.
by LH2004
Fri Nov 21, 2008 7:48 pm
Forum: Forum Issues and Administration
Topic: Poll-to allow discussion of political impact on market?
Replies: 19
Views: 4172

Re: POLL-to allow discussion of political impact on market?

Petrocelli wrote:I have never seen anyone, on any newsgroup, anywhere, have a rational discussion about politics.
Where "politics" is defined as it is here?
by LH2004
Fri Nov 21, 2008 5:41 pm
Forum: Personal Investments
Topic: Does it make sense to use Roth IRA for emergency funds?
Replies: 10
Views: 2207

It will usually be wise to spend other money first.

It is NOT wise to contribute less than the Roth IRA maximum for that purpose.
by LH2004
Fri Nov 21, 2008 4:10 pm
Forum: Personal Investments
Topic: How to re-attribute Roth contributions to intended year?
Replies: 4
Views: 1139

I don't think you can expect us to know how your broker wants you to fill out a form.
by LH2004
Fri Nov 21, 2008 1:42 pm
Forum: Personal Investments
Topic: Does it make sense to use Roth IRA for emergency funds?
Replies: 10
Views: 2207

Yes.
by LH2004
Fri Nov 21, 2008 11:07 am
Forum: Personal Investments
Topic: Simple IRA @fidelity T class shares only...xfer to vanguard?
Replies: 7
Views: 4599

question: can you open a simple IRA at vanguard with the intent to rollover without involving the employer? my sister was excited to start her investment life with this, but i feel bad because her little bit of money is going to get eaten by fees...its still worth it for the matching, but 30$ yearl...
by LH2004
Fri Nov 21, 2008 9:17 am
Forum: Investing - Theory, News & General
Topic: A semi-serious hypothetical question...
Replies: 19
Views: 3416

Now, if you change the million to a billion, the answer is easy: GM, and as much more as I can get on margin; I'll take the likely bankruptcy for the chance of GM going back up to its highs of...last week.
by LH2004
Thu Nov 20, 2008 10:03 pm
Forum: Personal Investments
Topic: Help with Fido mySmart Cash
Replies: 61
Views: 10314

Re: 2 steps to cash management nirvana

If I wanted to manually transfer from checking to savings/MMF, I'd keep my old bank account + vanguard MMF setup. Vanguard MMFs are superior compared to Fidelity. You can't get free overdraft nor fee-free ATM that way. Or the ability to transfer instantly, for free, without holds, or access to AMT-...
by LH2004
Thu Nov 20, 2008 10:01 pm
Forum: Investing - Theory, News & General
Topic: A semi-serious hypothetical question...
Replies: 19
Views: 3416

Doesn't matter, I'll adjust the rest of my portfolio to compensate. Oh, it would sure matter if you picked GM and lost the whole million, or one of the equity funds and lost half of it. You would have to make up the difference from the earnings of your OWN money... There's only one kind of money. M...
by LH2004
Thu Nov 20, 2008 8:15 pm
Forum: Investing - Theory, News & General
Topic: A semi-serious hypothetical question...
Replies: 19
Views: 3416

Doesn't matter, I'll adjust the rest of my portfolio to compensate.
by LH2004
Thu Nov 20, 2008 8:01 pm
Forum: Personal Investments
Topic: Is there more money in your IRA today than you had in 2000?
Replies: 8
Views: 1964

Division-by-zero error for me.
by LH2004
Thu Nov 20, 2008 7:16 pm
Forum: Investing - Theory, News & General
Topic: Any Wash Sale Risk between a Managed Fund & Index Fund?
Replies: 10
Views: 2288

baw703916 wrote:For instance, the view of the IRS is that if two index mutual funds track the same index they are "substantially identical".
No, it isn't.
by LH2004
Thu Nov 20, 2008 6:52 pm
Forum: Personal Investments
Topic: Simple IRA @fidelity T class shares only...xfer to vanguard?
Replies: 7
Views: 4599

The way mine works is you invest your weekly contribution with the investment company that your employer chooses. After a period of time, mine was two years, you are eligible to roll part or all of it wherever you like. There are 3 separate rights that all SIMPLE IRA's give you, by law. That one is...
by LH2004
Thu Nov 20, 2008 4:19 pm
Forum: Personal Investments
Topic: Tax loss harvesting
Replies: 7
Views: 2077

Those in the 15% tax bracket should be doing the opposite and harvesting gains rather than harvesting losses. Well, optimally, they should try to take advantage of their $3000 capital loss deduction most years, with gains in other years if necessary. Of course, if the rate is 15%, ignoring taxes co...
by LH2004
Thu Nov 20, 2008 12:10 pm
Forum: Personal Investments
Topic: Individual TIPS question
Replies: 2
Views: 800

Yes.
by LH2004
Thu Nov 20, 2008 11:31 am
Forum: Personal Investments
Topic: Help with Fido mySmart Cash
Replies: 61
Views: 10314

Re: 2 steps to cash management nirvana

Let simplify that for you: 1. Open MySmart Cash Account. 2. Checks/ATM are set up automatically. Set up bill pay from the MCA account. 3. Set up paycheck DD into MCA account. If you do that, then, unless you manually move things, your cash is going to be in the lousy FDIC-insured bank account that ...
by LH2004
Thu Nov 20, 2008 9:21 am
Forum: Personal Investments
Topic: Help with Fido mySmart Cash
Replies: 61
Views: 10314

Re: 2 steps to cash management nirvana

12 steps to cash management nirvana: 1. Open a "Fidelity Account" (brokerage account). 2. Call Fidelity and change core (sweep account) to Fidelity Municipal MMF (was defaulted to FCASH automatically). AMT-free MMF option also available. 3. Set up check writing and bill pay from core. This gains yo...
by LH2004
Thu Nov 20, 2008 12:17 am
Forum: Personal Investments
Topic: Help with Fido mySmart Cash
Replies: 61
Views: 10314

Asterix wrote:Just note that mySmartCash won't pull from core MMF's, only non-core.
They certainly don't say that.
by LH2004
Wed Nov 19, 2008 11:05 pm
Forum: Personal Investments
Topic: Help with Fido mySmart Cash
Replies: 61
Views: 10314

I don't quite understand why the MySmartCash Manager feature is useful at all. The feature offers overdraft protection. But in order to activate it, you have to open another Fido brokerage account and buy a mmf in it in order to fund the overdrafts. Clearly we can just buy the same mmf in the MySma...
by LH2004
Wed Nov 19, 2008 11:00 pm
Forum: Investing - Theory, News & General
Topic: What happens when you hold shares of a commodity that..
Replies: 4
Views: 1034

Re: What happens when you hold shares of a commodity that..

cflannagan wrote:What happens when you hold shares of a commodity that runs out?

This is purely hypothetical question/scenario (an unlikely apocalyptic one).

For example, if I own some shares in oil market.. and hold for many years
I give up: what's a "share in oil market?"
by LH2004
Wed Nov 19, 2008 10:58 pm
Forum: Personal Investments
Topic: Tax loss harvesting
Replies: 7
Views: 2077

Re: Tax loss harvesting

ramsfan wrote:It is not a zero sum game:
It is a zero sum game: your gain is the government's loss. Personally I'm trying to take every penny I legally can from the government, I don't know about you.
by LH2004
Wed Nov 19, 2008 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: Florida pension fund plummets
Replies: 9
Views: 2434

You just don't seem to get it. If an individual can't fund his inflation adjusted retirement based on Treasuries, what makes you think the State of Florida can fund Adrian's and mine. If YOU want to gamble YOUR money, feel free. You have no need to turn your state into a hedge fund and make your fe...
by LH2004
Wed Nov 19, 2008 6:12 pm
Forum: Investing - Theory, News & General
Topic: Roth conversion now with stocks down?
Replies: 4
Views: 1127

It's a good idea to buy stocks (directly or by buying out the government's share of your IRA) before stocks go up.

The fact that the markets went down today does not tell us they will be up tomorrow.
by LH2004
Wed Nov 19, 2008 6:08 pm
Forum: Investing - Theory, News & General
Topic: The Mother of all GLOOM and DOOM posts
Replies: 413
Views: 78858

Paulson is doing an excellent job. He is approaching the problem the right way, ie, not buying mortgages with taxpayers money. Rather, he is injecting capital into banks and letting them deal with the mortgage issue. We do not need Washington deciding which homeowners to bail out and which to let g...
by LH2004
Wed Nov 19, 2008 4:37 pm
Forum: Investing - Theory, News & General
Topic: The Mother of all GLOOM and DOOM posts
Replies: 413
Views: 78858

Re: The Mother of all Gloom and Doom posts

This does not apply to posts with real investing content. You can tell the difference because you can theoretically do something with the responses to the latter beyond curling into a ball and whimpering "Woe is me." Note to self: don't post "The sky is falling" any more; post "The sky is falling; ...
by LH2004
Wed Nov 19, 2008 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: RMD when purchasing immediate annuity with partial IRA funds
Replies: 50
Views: 14985

Unless there's some special rule I can't think of, the Account 2008 RMD amount should not be rollover-eligible, and you have a year to start Annuity distributions. So the Account RMD would be a percentage of $1 million, and there would not need to be an Annuity distribution in 2008. What do you mea...
by LH2004
Wed Nov 19, 2008 11:54 am
Forum: Personal Investments
Topic: 401k transfers to Roth IRA while still employed
Replies: 7
Views: 2563

I was able to rollover from my Fidelity 401k to a Fidelity rollover IRA at age 55, while still employed. Our plan allowed a partial rollover, even though still employed (I retired at age 59, and did a rollover of remaining funds at that time). This allowed me more/better fund options with the rollo...
by LH2004
Wed Nov 19, 2008 9:43 am
Forum: Personal Investments
Topic: 401k transfers to Roth IRA while still employed
Replies: 7
Views: 2563

Please, please, be kind to your plan administrator. Don't bother them. You cannot roll over or otherwise withdraw your 401(k) contributions -- that is, your pretax or Roth salary deferrals -- while you're still employed, before age 59 1/2, while not disabled, and when not covered by a few other exce...
by LH2004
Tue Nov 18, 2008 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: Florida pension fund plummets
Replies: 9
Views: 2434

They were over funded because they took a certain level of risk. Even after the decline they are still currently over-funded. It's completely meaningless to talk about a government entity being well or poorly funded in isolation. This is a part of the State of Florida; it being better or worse fund...
by LH2004
Tue Nov 18, 2008 11:19 am
Forum: Personal Finance (Not Investing)
Topic: RMD when purchasing immediate annuity with partial IRA funds
Replies: 50
Views: 14985

With all the brains here, this got way too complicated. If an SPIA is purchased with qualified funds - it's totally removed from the RMD equation. That's it - not other discussion needed. Take $1M account - if 1/2 is used to fund an imediate annuity - cool - all that's lef tin teh IRA is $500k and ...
by LH2004
Tue Nov 18, 2008 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Payday loans to military - avoiding predatory lending
Replies: 20
Views: 3371

Apparently, for the cap on interest rates, the legislation must rely on the actions of the various states. This is where advocates need to come onto the field, to pressure state government to get off their duffs. Won't you kindly keep your political opinions to yourself? Politics and Religion In or...
by LH2004
Tue Nov 18, 2008 9:53 am
Forum: Personal Investments
Topic: IRA Converted Into a Variable Annuity
Replies: 20
Views: 5305

Re: IRA CONVERTED INTO A VARIABLE ANNUITY

Thank you so much for all the replies, kind words and positive suggestions. To Dave and W.B. my sincere appreciation for the invaluable information provided, will certainly keep you posted. I am convinced I don't want to be in an Annuity, therefore, will try to get out of it and place the funds in ...
by LH2004
Tue Nov 18, 2008 9:48 am
Forum: Personal Finance (Not Investing)
Topic: RMD when purchasing immediate annuity with partial IRA funds
Replies: 50
Views: 14985

Suppose the annuity purchase is in 2008. On Dec. 31 2007 the balance was $1M. On Dec 31, 2008, the balance will be $500k. The RMD for 2009 is based on the $500k balance, but what is the RMD for 2008? Based on $1M? $500k? Satisfied in its entirety by the $500k purchase? Assume the annuity payments a...
by LH2004
Mon Nov 17, 2008 4:52 pm
Forum: Personal Investments
Topic: Sell iShares Value/Buy Vanguard Value Index = wash sale?
Replies: 2
Views: 915

Their holdings are presumably very similar. I would take the view that they are not substantially identical just by virtue of the fact that they are different funds, but if holdings matter at all, then, yes, they should be substantially identical. Just an opinion, but I don't think you need to worry...
by LH2004
Mon Nov 17, 2008 4:50 pm
Forum: Personal Investments
Topic: question re: converting 401(k) directly to Roth IRA
Replies: 1
Views: 637

Re: question re: converting 401(k) directly to Roth IRA

I am switching jobs in two weeks and was thinking of rolling my existing 401(k) directly to a Roth IRA. I am just under the limit of being able to do this thanks to contributing the max to my 401(k) to reduce my taxable income. [Note: I realize that most calculators tell me not to do the conversion...
by LH2004
Mon Nov 17, 2008 10:32 am
Forum: Personal Finance (Not Investing)
Topic: My friend needs help with a collections law firm!
Replies: 17
Views: 3652

The laws under which payday lenders operate in many states restrict some of the collection practices that are allowed in most other types of loans. Listed below are some of the Virginia restrictions. I suggest finding out whether there are similar restrictions in your state. OK, but how is that goi...
by LH2004
Mon Nov 17, 2008 10:26 am
Forum: Personal Finance (Not Investing)
Topic: RMD when purchasing immediate annuity with partial IRA funds
Replies: 50
Views: 14985

Thanks, abceater. (For the record, the IRS publications define "IRA" to mean "individual retirement arrangement," a term that is used a couple of times in the regulations, but without "IRA" standing for it; in at least one place in the statute headings, "IRA" is used where it is only talking about i...
by LH2004
Mon Nov 17, 2008 8:14 am
Forum: Personal Investments
Topic: 529s and gift tax
Replies: 28
Views: 5597

Re: 529 and gift splitting - please help

1. Could my wife and I give an additional $8000 in Jan 2009 to be spread over four years, so that the total gifts per person for 2009 to 2012 would be $12000 (current) + $1000 (additional) = $13000. No. 2. Could my wife and I contribute an additional $26000 in Jan 2009 to be accounted for in 2013 (...
by LH2004
Mon Nov 17, 2008 8:11 am
Forum: Personal Finance (Not Investing)
Topic: RMD when purchasing immediate annuity with partial IRA funds
Replies: 50
Views: 14985

LH2004, thank you for trying to clarify this for me though what you are saying seems to be at odds with this from SSCritic above: ================================= Now consider person B who has all $1 million in one IRA. The IRS is not going to treat you and person B differently. If person B buys a...
by LH2004
Sun Nov 16, 2008 11:23 pm
Forum: Personal Investments
Topic: 529s and gift tax
Replies: 28
Views: 5597

Re: 529 and gift splitting - please help

I just sent in a check for 120K for my daughter's 529 plan. The check was paid from my individual account (not joint with my wife). However, we would like to consider it to be from both of us for gift tax purposes. Can we simply do the gift-splitting at tax time (form 709?) and indicate that it is ...
by LH2004
Sun Nov 16, 2008 6:37 pm
Forum: Investing - Theory, News & General
Topic: Spreads between treasuries and corps - the price of risk
Replies: 69
Views: 9820

Say that annual earthquake insurance on your house had been around $100 for years. Then, one year, there was an earthquake in the general region that didn't damage your house, and when you went to renew your insurance, the cost had gone up to $2000. Does that mean it's now smart to self-insure?
by LH2004
Sun Nov 16, 2008 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: RMD when purchasing immediate annuity with partial IRA funds
Replies: 50
Views: 14985

LH2004 - Excuse my ignorance and thank you for trying to enlighten me, but what do you mean by "DB-rules" and "DC-rules"? The RMD rules for individual retirement accounts are the same as the rules for defined contribution plans and are explained in IRS Pub. 590; that means, primarily, distributing ...
by LH2004
Sun Nov 16, 2008 12:44 pm
Forum: Personal Investments
Topic: tax loss harvest exhaustion?
Replies: 15
Views: 2925

But they aren't free, since the basis is lowered and there will be more capital gains taxes to pay later, unless the stocks are donated to charity or some other tax sheltering strategy is utilized. So in the worst case, if tax rates stay constant, it's a free interest-free loan from the government....
by LH2004
Sun Nov 16, 2008 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: RMD when purchasing immediate annuity with partial IRA funds
Replies: 50
Views: 14985

Again, these are 2 different transactions with 2 different sets of tax consequences. You can pick which you want depending on what you do. Huh? LH2004 - I believe you're a lawyer, as am I, but I don't know what the heck you're saying! Once again: You have 2 different things you could do. You could ...
by LH2004
Sun Nov 16, 2008 11:55 am
Forum: Personal Investments
Topic: tax loss harvest exhaustion?
Replies: 15
Views: 2925

Nothing is ever good enough.

With lots of losses, the value of additional losses is smaller, so you shouldn't invest a lot of money in fees, spreads, etc. in realizing additional losses. But if they're free, what's the downside?
by LH2004
Sun Nov 16, 2008 11:42 am
Forum: Personal Finance (Not Investing)
Topic: My friend needs help with a collections law firm!
Replies: 17
Views: 3652

There is often a big difference in what a credtor will do and what they can do. Likewise, there is often a big difference between what a delinquent borrower says and what they do. Yes, but it's illegal for them to threaten to sue unless they intend to, with some potentially lucrative penalties for ...
by LH2004
Sun Nov 16, 2008 11:32 am
Forum: Personal Finance (Not Investing)
Topic: RMD when purchasing immediate annuity with partial IRA funds
Replies: 50
Views: 14985

Again, these are 2 different transactions with 2 different sets of tax consequences. You can pick which you want depending on what you do.
by LH2004
Sat Nov 15, 2008 10:40 pm
Forum: Personal Finance (Not Investing)
Topic: RMD when purchasing immediate annuity with partial IRA funds
Replies: 50
Views: 14985

LH2004 - You don't receive a 1099 with a rollover. You're right -- I was confused with rollovers from qualified plans. In that case, I'm not sure why Mel thought that whether or not there was a 1099 would be helpful; and I think it's pretty clear Ron has an individual retirement annuity, and you pr...
by LH2004
Sat Nov 15, 2008 10:38 pm
Forum: Personal Investments
Topic: 529s and gift tax
Replies: 28
Views: 5597

So if I write a check for 12k and sometime later in the year my wife signs a check for 12k, do we still need to file 709? Does the answer change if the checks come from a joint checking account? No need to file if you each give $12,000; in the absence of gift splitting, that's just 2 separate gifts...