Search found 38 matches

by K72
Thu Oct 31, 2019 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Accumulate Annual Gift??
Replies: 8
Views: 622

Accumulate Annual Gift??

I plan to gift some $ to my child within the next few years for a specific purpose. Until that time arrives, can I "somehow" accumulate annual gifts (up to the maximum allowed by IRS rules) in an account in my name (perhaps with child as beneficiary) until such time that the intended event happens, ...
by K72
Wed Oct 30, 2019 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Gift vs Joint Ownership?
Replies: 5
Views: 316

Re: Gift vs Joint Ownership?

Thanks for the comments!
by K72
Wed Oct 30, 2019 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Gift vs Joint Ownership?
Replies: 5
Views: 316

Gift vs Joint Ownership?

My wife and I are helping our unmarried child with a first home purchase by contributing the down payment. Seems to me we have two choices: 1. Gift the $ and register the gift with IRS so it will be counted against our estate tax exemption. Question: do I have to file the gift form with IRS only onc...
by K72
Mon Apr 01, 2019 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Missed Fortune and Doug Andrew
Replies: 2
Views: 3824

Re: Missed Fortune and Doug Andrew

He's still at it. He just happens to be on when I drive to get lunch on Saturday. Sounds like a real smooth talker. I've been tempted more than once to sign up for the free seminar in the area just to see what it's all about. If this is such a good deal, why is he still on the radio after 40 years a...
by K72
Thu Mar 28, 2019 2:35 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2019!
Replies: 384
Views: 55255

Re: Roll Call for the Retirement Class of 2019!

Told my boss last August that I was going to retire before July this year. We've talked informally all along and mutually zeroed in on sometime in May. This week he asked me for an email with a specific date so he could start the hiring process for my replacement. It felt awfully strange to send the...
by K72
Sun Mar 24, 2019 5:28 pm
Forum: Personal Investments
Topic: Adjust my AA to compensate for spouse AA?
Replies: 13
Views: 1066

Re: Adjust my AA to compensate for spouse AA?

@delamer: thanks, I understand now.

@retiredjg: hmm, interesting idea about CD's. I'll bring it up when I get a chance.

@oldcomputerguy: thanks, I'll likely end up doing the same
by K72
Sun Mar 24, 2019 1:39 pm
Forum: Personal Investments
Topic: Adjust my AA to compensate for spouse AA?
Replies: 13
Views: 1066

Re: Adjust my AA to compensate for spouse AA?

delamer wrote:
Sun Mar 24, 2019 1:20 pm
However, you’ll probably need to force a discussion about allocation as you both approach RMD time.
Why? I don't understand.
by K72
Sun Mar 24, 2019 12:39 pm
Forum: Personal Investments
Topic: Adjust my AA to compensate for spouse AA?
Replies: 13
Views: 1066

Adjust my AA to compensate for spouse AA?

My wife and I are at loggerheads with respect to retirement funds AA. We've each managed our own IRA/401K/403b accounts independently. She is completely uninterested in financial matters and won't engage in financial discussions for more than a few minutes at a time. I think our aggregate AA of more...
by K72
Sat Mar 16, 2019 12:48 pm
Forum: Personal Investments
Topic: Vanguard PRIMECAP and Capital Opportunity
Replies: 59
Views: 7921

Re: Vanguard PRIMECAP and Capital Opportunity

So they let you put at $25K clip per account type? Yes, according to the Flagship adviser I talked with just yesterday. For example, if you have 3 account types, you can invest $75k per year. Actually, VPCCX Vanguard PRIMECAP Core Fund has no limit (perhaps justifying the higher ER of 0.46%). What ...
by K72
Thu Mar 14, 2019 10:52 pm
Forum: Investing - Theory, News & General
Topic: 90 day waiting period for Vanguard Flagship
Replies: 37
Views: 4383

90 day waiting period for Vanguard Flagship

I was told a week ago when I called Vanguard that they just instituted a 90-day waiting period to be enrolled into Flagship status after achieving the $1M threshold in Vanguard funds. I was lucky in that I transferred my assets just before the new rule took effect and wasn't subject to the wait. Mig...
by K72
Thu Mar 14, 2019 10:36 pm
Forum: Personal Investments
Topic: a couple questions on a Morgan Stanley portolio analysis
Replies: 26
Views: 1497

Re: a couple questions on a Morgan Stanley portolio analysis

I hate to be un-diplomatic but I don't know how else to say this. I just left MS after 13 years of an actively managed IRA with excessive trading, high fees, and miserable results. Your mileage could vary.
by K72
Thu Mar 14, 2019 10:30 pm
Forum: Personal Investments
Topic: Analysis Paralysis
Replies: 18
Views: 2511

Re: Analysis Paralysis

Many thanks to those who replied! I've read every one and will likely do so many times more to absorb everything. My current thought just to get started is to keep things super simple and initially allocate my tax-advantaged assets as follows: 40% in Vanguard Total Bond Market Index Fund Admiral Sha...
by K72
Tue Mar 12, 2019 2:58 pm
Forum: Personal Investments
Topic: Short-term backing off on retirement savings to fund college?
Replies: 17
Views: 788

Re: Short-term backing off on retirement savings to fund college?

I’m in favor of option 1. This is done by many parents. Just be sure to resume retirement savings at your previous level as soon as possible. +1 I have a work colleague who decimated his 401K by taking loans against it to pay for his kids (private) college education to keep them debt free. Having j...
by K72
Tue Mar 12, 2019 2:48 pm
Forum: Personal Investments
Topic: Can i rely on rental property?
Replies: 64
Views: 5928

Re: Can i rely on rental property?

My wife and I have had rental property for about 30 years with mixed results. We started out being our own property managers, which was a fair amount of work (it's a pain to get a call from a tenant with a plumbing problem while you are on summer vacation or have a deadbeat tenant leave a mess w/o p...
by K72
Mon Mar 11, 2019 10:47 pm
Forum: Personal Investments
Topic: Have you used a 529 plan in retirement?
Replies: 10
Views: 1348

Re: Have you used a 529 plan in retirement?

Elric wrote:
Mon Mar 11, 2019 10:30 pm
So I'd definitely say you're never too old!
100% agree. I'm 64 and have been in a master's degree program for the past two years. I plan to graduate in June of 2020. :shock:
by K72
Mon Mar 11, 2019 9:44 pm
Forum: Personal Investments
Topic: Have you used a 529 plan in retirement?
Replies: 10
Views: 1348

Re: Have you used a 529 plan in retirement?

I've also thought of that, but I don't think you get a deduction unless it is from a State that offers a deduction for 529 contributions. My understanding is that it can be transferred to anyone, so any remaining funds you don't use can be transferred to children, grandchildren, etc.
by K72
Mon Mar 11, 2019 9:38 pm
Forum: Personal Investments
Topic: Analysis Paralysis
Replies: 18
Views: 2511

Analysis Paralysis

I'm struggling with the most appropriate use of backtesting in the decision making process of choosing the specific components to achieve my desired AA. Some guidance would be greatly appreciated. For 13 years I put complete faith in my FA to manage my IRA assets and never really bothered to see how...
by K72
Thu Mar 07, 2019 3:42 pm
Forum: Personal Investments
Topic: Transfer Mutual Fund to Vanguard?
Replies: 6
Views: 586

Re: Transfer Mutual Fund to Vanguard?

The devil really is in the details. I called the mutual fund company about cost basis and they told me they've only been required to track cost basis since 2012 and therefore have no information because the funds were purchased in the 80's. I also asked about a transfer fee for moving the assets as-...
by K72
Tue Mar 05, 2019 7:20 pm
Forum: Personal Investments
Topic: Transfer Mutual Fund to Vanguard?
Replies: 6
Views: 586

Re: Transfer Mutual Fund to Vanguard?

Ah, cost basis records. Thanks!
by K72
Mon Mar 04, 2019 3:50 pm
Forum: Personal Investments
Topic: Transfer Mutual Fund to Vanguard?
Replies: 6
Views: 586

Re: Transfer Mutual Fund to Vanguard?

Thanks. I talked with Vanguard this morning to confirm no transfer fee on their end (and it is a MF they can accept and trade). They sent me the form to initiate the transfer. My only other action is to confirm with the MF company what their transfer fee is (hopefully zero). I just don't want any su...
by K72
Mon Mar 04, 2019 3:36 pm
Forum: Personal Investments
Topic: Transfer Mutual Fund to Vanguard?
Replies: 6
Views: 586

Transfer Mutual Fund to Vanguard?

I have a handful of mutual funds purchased in the mid 80's directly from the parent companies. I'm considering moving at least one and perhaps all into my Vanguard taxable brokerage account to have everything in one place. I get 20 free trades per year with Vanguard, which is probably 19 more than I...
by K72
Wed Feb 27, 2019 4:51 pm
Forum: Personal Investments
Topic: Great Goofs
Replies: 47
Views: 4593

Great Goofs

It seems to me one of the best ways to gain advice is to hear about other people's financial mistakes. Here are mine: 1. Rec'd an unsolicited hot stock tip from a broker showing the 5-year price history of a particular stock, which looked like a nice sine wave ($2 min and $6 max). The price was curr...
by K72
Mon Feb 11, 2019 11:53 pm
Forum: Personal Investments
Topic: Roth Advantage not discussed?
Replies: 26
Views: 2047

Roth Advantage not discussed?

I know Roth 401K vs traditional 401K has been thoroughly discussed in this forum, but I think there is one aspect that perhaps hasn't been accounted for, and that is with a Roth 401K you end up with more $ at your disposal when you withdraw. This assumes the amount contributed is the same in both ca...
by K72
Thu Feb 07, 2019 10:33 pm
Forum: Personal Investments
Topic: Advice: highly appreciated Mutual Funds
Replies: 7
Views: 593

Re: Advice: highly appreciated Mutual Funds

Thanks for the comments! I stopped dividend reinvestment years ago on all of them. In summary, looks like my choices are: 1. Continue to hold indefinitely 2. Sell as needed for retirement spending gap when in lower tax bracket 3. Gifting (offspring, DAF, Charitable Remainder Trust, etc.) 4. Offset c...
by K72
Thu Feb 07, 2019 4:41 pm
Forum: Personal Investments
Topic: Advice: highly appreciated Mutual Funds
Replies: 7
Views: 593

Advice: highly appreciated Mutual Funds

I've had a number of mutual funds (taxable) since the mid 80's that are now highly appreciated. I get sick every time I look up their expense ratios (generally around 1%, some even higher), but the thought of the capital gains when I'm currently in the highest tax bracket I've ever been in makes me ...
by K72
Wed Feb 06, 2019 11:33 pm
Forum: Personal Investments
Topic: Moving away from our "advisor"
Replies: 16
Views: 2381

Re: Moving away from our "advisor"

Just yesterday I informed my "advisor" of 13 years that I was moving all of my assets to Vanguard. I, too, waited until I'd already initiated the transfer. Feels pretty good but I'm still kicking myself for not having done it years earlier.
by K72
Thu Jan 03, 2019 12:04 am
Forum: Investing - Theory, News & General
Topic: Traditional 401K vs Roth 401k
Replies: 60
Views: 4170

Re: Traditional 401K vs Roth 401k

The argument I've heard the most is that Roth is better if your tax rate while contributing is lower than when you withdraw. The opposite is true for pre-tax 401K (pre-tax sounds better than traditional). I'll be retiring soon and my federal marginal rate isn't going to be much lower (yeah it's lowe...
by K72
Wed Jan 02, 2019 11:16 pm
Forum: Investing - Theory, News & General
Topic: Traditional 401K vs Roth 401k
Replies: 60
Views: 4170

Traditional 401K vs Roth 401k

Last weekend on the radio I heard a financial adviser recommending (to potentially thousands of listeners) that traditional 401k should be used instead of Roth 401k simply because you know you'll get the tax benefit in the first case (at least for the current year) but have no idea whether you'll ev...
by K72
Wed Jan 02, 2019 11:04 pm
Forum: Investing - Theory, News & General
Topic: how to monitor return/risk of a portfolio
Replies: 9
Views: 828

Re: how to monitor return/risk of a portfolio

Accumulation phase is over since I'll be retiring in a couple of months. I have a retirement income/expense model/plan that takes into account known sources of income and estimate of expenses. Target investment mean/std dev was determined using monte carlo. Meanwhile, I've set my AA based primarily ...
by K72
Fri Dec 21, 2018 12:51 pm
Forum: Investing - Theory, News & General
Topic: how to monitor return/risk of a portfolio
Replies: 9
Views: 828

Re: how to monitor return/risk of a portfolio

I think you’re going about this the wrong way. Curious, what are your target numbers and over what timeframe do you need to hit them? It ranges from 5% return with 2% std dev to 10% return with 19% std dev. My time horizon is 36 years. This is for retirement planning (I'm 64 and plan to retire in a...
by K72
Wed Dec 19, 2018 6:47 pm
Forum: Investing - Theory, News & General
Topic: data source for Portfolio Analysis
Replies: 2
Views: 250

Re: data source for Portfolio Analysis

Spreadsheet looks great, it will take a while to digest it. I was rather hoping to obtain monthly data like in the article and for non Vanguard funds as well as Vanguard funds. I did some analysis of Yahoo Finance Historical data where I computed annual returns based on Adj Close values. For the mos...
by K72
Wed Dec 19, 2018 2:37 pm
Forum: Investing - Theory, News & General
Topic: how to monitor return/risk of a portfolio
Replies: 9
Views: 828

how to monitor return/risk of a portfolio

I've set a target performance (mean and std dev) for my portfolio. I'd like to know a reasonable way to monitor the actual portfolio performance vs the target. I don't want to wait 15 years to find out my investment portfolio isn't producing what I wanted. I realize that the portfolio is unlikely to...
by K72
Tue Dec 18, 2018 7:15 pm
Forum: Investing - Theory, News & General
Topic: data source for Portfolio Analysis
Replies: 2
Views: 250

data source for Portfolio Analysis

I was intrigued by the following article: https://faculty.washington.edu/ezivot/econ424/portfolioTheoryMatrix.pdf I'd like to start playing around with the analysis they describe (I love to tinker with constrained optimization problems) but need a good source of data. It looks like using the Adjuste...
by K72
Mon Dec 10, 2018 12:06 am
Forum: Personal Investments
Topic: 0% Long Term Capital Gain rate?
Replies: 22
Views: 3462

Re: 0% Long Term Capital Gain rate?

The way I read the article it sounded like for 2018 the first $77k of LTCG had a 0% tax rate regardless ordinary income tax bracket. Wishful thinking I guess.
by K72
Sun Dec 09, 2018 12:37 pm
Forum: Personal Investments
Topic: 0% Long Term Capital Gain rate?
Replies: 22
Views: 3462

0% Long Term Capital Gain rate?

Was just reading the most recent AARP Bulletin and a comment about 0% long term capital gain tax rate for the first $77,200 (married/joint) caught my eye. Then I found the following article (link below). Looks like the LTCG rate was tied to the ordinary income tax rate but starting in 2018 that's no...
by K72
Thu Dec 06, 2018 11:37 pm
Forum: Investing - Theory, News & General
Topic: Lognormal Inflation Model in Monte Carlo Retirement Planning
Replies: 13
Views: 1067

Re: Lognormal Inflation Model in Monte Carlo Retirement Planning

I also have a question. Several responses mentioned "real return". Can someone explain what this is? If it means investment return minus inflation, then I understand.
by K72
Thu Dec 06, 2018 10:39 pm
Forum: Investing - Theory, News & General
Topic: Lognormal Inflation Model in Monte Carlo Retirement Planning
Replies: 13
Views: 1067

Re: Lognormal Inflation Model in Monte Carlo Retirement Planning

I'd like to thank everyone that responded. It was helpful for pointing out that (1) I hadn't provided sufficient background/explanation as to what I was doing and (2) I'd made some assumptions w/o realizing I had. In event, I'd like to respond with clarification/comment: 1. I'm not retired but plan ...
by K72
Wed Dec 05, 2018 11:23 pm
Forum: Investing - Theory, News & General
Topic: Lognormal Inflation Model in Monte Carlo Retirement Planning
Replies: 13
Views: 1067

Lognormal Inflation Model in Monte Carlo Retirement Planning

New user, first post. From the posts I've read this looks like a great forum. Here goes. I've gained a lot of insight using Monte Carlo simulations for retirement planning, especially the impact of volatility. I've used one online tool and have had two different financial planners with access to com...