Search found 81 matches

by birdsong
Sun Apr 21, 2019 1:08 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle and Trusting the Process
Replies: 3
Views: 923

Re: Jack Bogle and Trusting the Process

G2b, thanks for the link. All of us are thankful for Jack's "process" from which we reaped the benefits. Nedsaid, I always read your comments as you are knowledgeable like many others here on the forum but have a clarity of thought and a good ability to put that thought into words and can back it up...
by birdsong
Fri Feb 22, 2019 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Help with Sister's Estate
Replies: 18
Views: 1872

Re: Help with Sister's Estate

OP, I'm not giving advice in your case but will tell you in 2016 the death of a cousin dying without a will in Colorado and me in another state was a challenge. Cousin was poor, no assets. Had about $200,000+ maybe life insurance but beneficiaries were dead. His best friend in my state wanted me to ...
by birdsong
Thu Jan 31, 2019 3:31 pm
Forum: Personal Investments
Topic: Active Managed Funds Eating Us Alive With Taxes
Replies: 17
Views: 1767

Re: Active Managed Funds Eating Us Alive With Taxes

As has been said, active funds are not tax efficient in a taxable account. I was in American Funds with my UBS advisor from 1992-2009 when I moved to Vanguard. I just had 3 funds in taxable not worth more than about $50,000 total. I got wise to Vanguard in 1998 (thanks to the Scott Burns column) and...
by birdsong
Mon Jan 21, 2019 7:51 am
Forum: Investing - Theory, News & General
Topic: Tributes to Jack Bogle
Replies: 158
Views: 17968

Re: Tributes to Jack Bogle

I will be eternally grateful to Jack for the principles he used in founding Vanguard. His guidance along the way helped me stay the course to financial independence and a comfortable retirement. I introduced my late Dad to Vanguard and we even got to meet Mr. Bogle at the 2004 conference in Denver. ...
by birdsong
Thu Jan 17, 2019 9:05 pm
Forum: Investing - Theory, News & General
Topic: John C Bogle - donation to center for financial literacy
Replies: 3
Views: 722

Re: John C Bogle - donation to center for financial literacy

Dottie, a great suggestion. I did just that for the first time a few weeks ago from my DAF. The center was mentioned in a bogleheads thread and I wrote it down so when I had time I could go read about it. I liked what I saw (and of course the people that made it happen) so that's what I did. If I ha...
by birdsong
Mon Dec 10, 2018 8:52 pm
Forum: Investing - Theory, News & General
Topic: Low need to take risk - decrease allocation to stocks?
Replies: 42
Views: 3497

Re: Low need to take risk - decrease allocation to stocks?

I have the same question as ge1. What are boglehead suggestions when several inheritances over the years (and a recent one the biggest at 7 figures) on top of my already carefully saved retirement assets have dramatically dropped my need for a lot of stocks. I'm 72, widowed long ago and no heirs exc...
by birdsong
Mon Dec 10, 2018 6:49 pm
Forum: Personal Investments
Topic: Should I TLH my TSM
Replies: 1
Views: 227

Should I TLH my TSM

This may be a stupid question but I will ask anyway. I already have a booked loss on inherited assets this year I sold of $5252.86. Oct 5th I added to my long held taxable Total Stockmarket Index fund $100,000 and it now has a short term loss of $8,515.38 as of today. I only have one taxable fund th...
by birdsong
Wed Oct 03, 2018 10:01 am
Forum: Personal Investments
Topic: Wash sale question
Replies: 14
Views: 659

Re: Wash sale question

Thank you RK, Earl and Fran. I DID read the fairmark link which was very helpful and I had already read the wiki on wash sale. A very large dollar amount is involved with this decision so it has been very helpful to have input from the bogleheads. When you are doing something for the first time you ...
by birdsong
Wed Oct 03, 2018 6:21 am
Forum: Personal Investments
Topic: Wash sale question
Replies: 14
Views: 659

Re: Wash sale question

I sold the IRA Wellington yesterday as instructed by Livesoft and recommended by the others. So when can I sell the taxable Wellington with no wash sale penalty because of the reinvested dividends on Sept. 20th? Wellington was up yesterday and my loss is shrinking by half since last week.
by birdsong
Tue Oct 02, 2018 11:19 am
Forum: Personal Investments
Topic: Wash sale question
Replies: 14
Views: 659

Re: Wash sale question

OK I'll exchange the IRA wellington for a bond fund today.
by birdsong
Tue Oct 02, 2018 11:09 am
Forum: Personal Investments
Topic: Wash sale question
Replies: 14
Views: 659

Re: Wash sale question

Yes, the taxable account has a loss now. When I reread a wash rule it seems that shares bought with reinvested dividends Sept. 20th constitutes a replacement share purchases if I sell soon for a loss since both events would be inside the 30 day window so that is my hesitancy.
by birdsong
Tue Oct 02, 2018 11:03 am
Forum: Personal Investments
Topic: Wash sale question
Replies: 14
Views: 659

Re: Wash sale question

I was thinking that if I sell taxable Wellington on say Oct. 22 then sell IRA Wellington say Nov. 24th then alls well.
by birdsong
Tue Oct 02, 2018 10:48 am
Forum: Personal Investments
Topic: Wash sale question
Replies: 14
Views: 659

Re: Wash sale question

The reason I posted my question today is because I e-mailed my flagship rep about selling the Wellington taxable now and his reply was that it looked like it would be a wash sale. I guess buying more dividend on Sept. 20th then selling everything at a loss now would constitute a "buy and sell" withi...
by birdsong
Tue Oct 02, 2018 10:20 am
Forum: Personal Investments
Topic: Wash sale question
Replies: 14
Views: 659

Wash sale question

Inherited Wellington in taxable and also in an Inherited IRA. Want to sell Wellington in taxable but when is it OK? While the accounts were in transition to my account the Sept. 20th dividends were reinvested by Vanguard. When they sent me a letter that dividends were to be reinvested (when prior to...
by birdsong
Tue Sep 11, 2018 2:25 pm
Forum: Personal Investments
Topic: Wash sale question
Replies: 7
Views: 340

Re: Wash sale question

The sell plan will be inherited shares. Until I have total control a dividend will pay out. My plan is to sell all when I can. A letter yesterday from Vanguard said the option has changed to reivesting from formerly the deceased checking account. This same fund is in the IRA and reinvestment was alr...
by birdsong
Tue Sep 11, 2018 1:31 pm
Forum: Personal Investments
Topic: Wash sale question
Replies: 7
Views: 340

Re: Wash sale question

Thank you both for the answer to my question. Lemongrab, I do not understand your question but thank you for responding.
by birdsong
Tue Sep 11, 2018 11:39 am
Forum: Personal Investments
Topic: Wash sale question
Replies: 7
Views: 340

Wash sale question

Can you sell the total of a holding for a loss and claim the total loss if reinvested dividends were purchased within thirty days of the sale. No intent to repurchase the mutal fund at all after the sale. I can't control the dividend reinvestment. Should I wait 30 days after the dividend share buy--...
by birdsong
Tue May 01, 2018 3:00 pm
Forum: Personal Investments
Topic: Advice for problem firm holding my inherited funds
Replies: 21
Views: 1827

Re: Advice for problem firm holding my inherited funds

Cara, In 2003 as executor of my father-in-laws estate and one of two beneficiaries, we had to visit the Morgan Stanley broker my father in law used to have the account (which was only one CD) split and new accounts for each of us. We signed forms and then the broker started asking questions to the o...
by birdsong
Mon Apr 09, 2018 8:23 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 484
Views: 88073

Re: 2-year CDs at Vanguard and Fidelity Today

I got some of the 3 yr. Morgan Stanley 2.80% at Vanguard that settled last week. You helped me last week decide what to do with some of Dad's extra funds and I bought some of the same in my own Vanguard account.
I'm pleased with the rate and it was easy to do on line. Thanks.
by birdsong
Thu Apr 05, 2018 4:34 pm
Forum: Investing - Theory, News & General
Topic: Trying the Impossible - Financing 30-Year Retirements with 40-Year Careers
Replies: 118
Views: 19317

Re: Trying the Impossible - Financing 30-Year Retirements with 40-Year Careers

Atilla mentioned his father-in-law with over 30 yr retirement on a 30 year work life. My Dad, 38+ year retirement on a 30 year work life and no decrease in standard of living. Expenses dropped when travel lessened but otherwise no standard of living decrease but expenses did decrease later in and he...
by birdsong
Mon Mar 26, 2018 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: Power of attorney for a particular asset that supersedes power of attorney listed in will
Replies: 86
Views: 5314

Re: Power of attorney for a particular asset that supersedes power of attorney listed in will

I have information that may be helpful to children that may have to handle financial business for an elderly parent. Years ago Sue Stevens at Morningstar did an article based on handling her mother's Vanguard accounts. She said most people don't know that many financial institutions have their own p...
by birdsong
Fri Mar 16, 2018 9:46 am
Forum: Personal Investments
Topic: Help with 100 year old Dad's extra PMM money
Replies: 13
Views: 2442

Re: Help with 100 year old Dad's extra PMM money

Thanks so much Kevin. You've given me the courage to use Vanguard for CDs. That will simplify everything. I appreciate the guidance so I have a plan going forward. You are very kind to help all the bogleheads.
by birdsong
Thu Mar 15, 2018 3:21 pm
Forum: Personal Investments
Topic: Help with 100 year old Dad's extra PMM money
Replies: 13
Views: 2442

Re: Help with 100 year old Dad's extra PMM money

Thanks Kevin. He's in Texas, and so no state tax. Expenses are very low and no big charitable contributions so standard deduction. I would not even consider individual munis. Maybe as you mentioned longer term CDs with money not needed or treasuries all through Vanguard. I want simplicity and more p...
by birdsong
Thu Mar 15, 2018 11:02 am
Forum: Personal Investments
Topic: Help with 100 year old Dad's extra PMM money
Replies: 13
Views: 2442

Re: Help with 100 year old Dad's extra PMM money

Thanks BL. I think Kevin would say the same to stick to short term CD's. If my Dad gets totally bedridden I am faced with help 24 hours a day or nursing home. If I felt at some point I needed nursing home help I'd need a big bunch of cash, I"m sure. A CD maturing this year and another next year and ...
by birdsong
Wed Mar 14, 2018 5:01 pm
Forum: Personal Investments
Topic: Help with 100 year old Dad's extra PMM money
Replies: 13
Views: 2442

Re: Help with 100 year old Dad's extra PMM money

Yes, he takes his RMD. His high taxes come out of that and the remainder is invested in CD's or to checking. At 100, his taxable account is much larger than his IRA. I just have left his IRA in Wellington as he has had it for 20+ years.
by birdsong
Wed Mar 14, 2018 1:56 pm
Forum: Personal Investments
Topic: Help with 100 year old Dad's extra PMM money
Replies: 13
Views: 2442

Re: Help with 100 year old Dad's extra PMM money

Well, I can get 2.33% APY at PenFed on a 2 yr CD. So, that will be the easiest.
by birdsong
Wed Mar 14, 2018 12:06 pm
Forum: Personal Investments
Topic: Help with 100 year old Dad's extra PMM money
Replies: 13
Views: 2442

Re: Help with 100 year old Dad's extra PMM money

Thank you Tyler. I think I can get those via Vanguard (and he has PMM in brokerage account I opened and never used in IRA). Could use March distributions and buy 2 year treasuries or buy in taxable PMM.
by birdsong
Wed Mar 14, 2018 11:02 am
Forum: Personal Investments
Topic: Help with 100 year old Dad's extra PMM money
Replies: 13
Views: 2442

Help with 100 year old Dad's extra PMM money

A little background. Dad in his 100th year and sole child and beneficiary (me) handling his finances. He's Vanguard flagship, cery simple portfolio (3 mutual funds) and his dixed income of 2 pensions, one charitable annunity and SS cover all his expenses. He lives with me and out of his account is p...
by birdsong
Thu Feb 15, 2018 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: Daughter’s College & Grad School Expenses -Nurse Practitioner
Replies: 51
Views: 4277

Re: Daughter’s College & Grad School Expenses -Nurse Practitioner

Big difference in education regarding NP and PA. I'm a retired RN,BSN. Two experiences with a PA and both bad. One my personal experience and one regarding in my presence with my 99 yr old Dad. Thus, I never accept an appointment with a PA, only a NP if I can't see the doctor.
by birdsong
Tue Feb 13, 2018 4:26 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12414
Views: 2147592

Re: U.S. stocks in freefall

I have a very dear friend who has lost in the hundred thousands in XIV. It's closing forever on I think February 23rd. It's in his IRA so can't write off the loss. I knew his broker was a high flying guy. I didn't want to be too nosy so I didn't ask what percent of his portfolio or actual number of ...
by birdsong
Tue Jan 02, 2018 10:19 am
Forum: Investing - Theory, News & General
Topic: Did everyone in the early 80s have their money in CDs?
Replies: 77
Views: 7456

Re: Did everyone in the early 80s have their money in CDs?

I started my work career in 1968. In 1980 I moved and changed jobs. I rolled my tax sheltered annuity to an IRA at a bank and purchased a CD at 15% for 5 years. At some point it went to a UBS advisor in 1992. At least she put me in American Funds. I didn't discover Vanguard until either 1996 or 1998...
by birdsong
Sun Dec 31, 2017 11:14 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle and Vanguard’s $5,000,000,000,000 Question - Philadelphia Magazine
Replies: 41
Views: 7294

Re: Jack Bogle and Vanguard’s $5,000,000,000,000 Question - Philadelphia Magazine

I drank the kool-aid 20 years ago. I'm most appreciative to Mr. Bogle and to the Vanguard staff. My Flagship rep is great and the other flagship people have always been very helpful when I needed help or questions answered. Who knows what the future will bring for Vanguard but I'm with them for life...
by birdsong
Tue Dec 05, 2017 11:56 am
Forum: Investing - Theory, News & General
Topic: Dodge & Cox Income
Replies: 5
Views: 1263

Re: Dodge & Cox Income

Thanks for the comments. I'm retired and stay 50/50. DBR brought up the relevant points that are usually mentioned. Any Vanguard intermediate bond fund works. I'll just stay with Total Bond Index since that is what I have held in my IRA for at least 20+ years (counting when it was in my 401K). I do ...
by birdsong
Tue Dec 05, 2017 9:26 am
Forum: Investing - Theory, News & General
Topic: Dodge & Cox Income
Replies: 5
Views: 1263

Dodge & Cox Income

Do any bogleheads prefer this bond fund to Total Bond or Intermediate Bond Index?

A morningstar article seemed to prefer it due to duration risk.
by birdsong
Thu Jul 20, 2017 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: SS survivor's benefit for my spouse
Replies: 15
Views: 1516

Re: SS survivor's benefit for my spouse

Honeyb, I was in almost your same situation. I wasn't sure just when I would retire after my husband died. At around age 57 I started studying up on the options and I think utilizing the SS site inputting all the known information on my husband and projections for me. I could tell I would need to wo...
by birdsong
Wed Jul 19, 2017 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Donor Advised Fund and taxes
Replies: 9
Views: 1147

Re: Donor Advised Fund and taxes

I'll keep in mind the 30% or AGI. Should not be a problem. I'll double check this statement by Jeb and the carryover to be sure I know all aspects if I decide to do more later in the year.
by birdsong
Wed Jul 19, 2017 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Donor Advised Fund and taxes
Replies: 9
Views: 1147

Re: Donor Advised Fund and taxes

Oops! I meant lowest cost basis!
by birdsong
Wed Jul 19, 2017 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Donor Advised Fund and taxes
Replies: 9
Views: 1147

Re: Donor Advised Fund and taxes

Actually, Artsdoctor, it was a reply from you in a thread yesterday or before that resulted in my decision this morning to add to the DAF I created in February. Thank you for reviewing the best use with the shares with the highest cost basis. So far I've done everything right.
by birdsong
Wed Jul 19, 2017 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Donor Advised Fund and taxes
Replies: 9
Views: 1147

Re: Donor Advised Fund and taxes

Yes, I know. Thanks.
by birdsong
Wed Jul 19, 2017 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Donor Advised Fund and taxes
Replies: 9
Views: 1147

Re: Donor Advised Fund and taxes

Thank you Chip. I'm glad to understand how it is handled before tax time rolls around.
by birdsong
Wed Jul 19, 2017 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Donor Advised Fund and taxes
Replies: 9
Views: 1147

Donor Advised Fund and taxes

This year I opened a donor-advised fund with Fidelity and donated appreciated mutual fund shares. I've done a lot of reading but nothing answers my question in regard to taxes. I know the appreciated gains to charity receive a deduction but how will my tax filing next year handle the donation? I ite...
by birdsong
Sat Nov 05, 2016 11:13 am
Forum: Personal Investments
Topic: Tax on short term and long term gains in taxable account
Replies: 6
Views: 1284

Re: Tax on short term and long term gains in taxable account

Thank you Grabiner. You spelled out the process in exactly the way my mind was trying to understand. I went back to my taxes of 2015 and by reviewing the schedule D again, and page one figures of the 1040 overall, I calculated the total tax avings by taking the losses along with the end result of en...
by birdsong
Fri Nov 04, 2016 10:13 am
Forum: Personal Investments
Topic: Tax on short term and long term gains in taxable account
Replies: 6
Views: 1284

Re: Tax on short term and long term gains in taxable account

Thank you. I went back through my 2015 schedule D and followed through back to the front page of my 1040 and understand it all now. I thought I had screwed up by taking some loss when it turned out I was in the 15% bracket but realized the loss offset distributed short and long term gains (with a li...
by birdsong
Fri Nov 04, 2016 8:17 am
Forum: Personal Investments
Topic: Tax on short term and long term gains in taxable account
Replies: 6
Views: 1284

Tax on short term and long term gains in taxable account

My understanding is, in a taxable account, and short term loss in the sale of mutual fund shares is used to offset short term gains (like from distributions or sales). Any long term capital loss is used to offset any capital gains. What I don't exactly understand is how excess loss after this of eit...
by birdsong
Wed Oct 19, 2016 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Budgeting for one after a spouse dies--are there any "average" decreases?
Replies: 26
Views: 3388

Re: Budgeting for one after a spouse dies--are there any "average" decreases?

I think the comment, rule of thumb is about right in many instances. "two can live as cheaply as 1.6".
by birdsong
Wed Oct 19, 2016 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Budgeting for one after a spouse dies--are there any "average" decreases?
Replies: 26
Views: 3388

Re: Budgeting for one after a spouse dies--are there any "average" decreases?

Mintee, Something everyone should look at regarding their own personal situation. For myself, as a 50 something widow, income went down as spouses pension payout dropped 50%. Some expenses went up like cost of health insurance. Taxes are also higher as a single person. So, evaluate your own situatio...
by birdsong
Wed Sep 28, 2016 4:14 pm
Forum: Investing - Theory, News & General
Topic: Christine's article today on RMD's...a question to bogleheads
Replies: 37
Views: 4534

Re: Christine's article today on RMD's...a question to bogleheads

Friars, I hear you. I"m grateful no cat food. I don't know if you've read Scott Burn's syndicated column as I have since the early '90's but sometimes he put paying taxes in perspective and tell the reader asking a question regarding taxes and he'd say "you have a Cadillac problem". My husband was a...
by birdsong
Wed Sep 28, 2016 2:33 pm
Forum: Investing - Theory, News & General
Topic: If you own Vanguard Total Stock Market, do you re-invest dividends?
Replies: 75
Views: 13748

Re: If you own Vanguard Total Stock Market, do you re-invest dividends?

BL, you mentioned being in the 0% Capital Gains area now and could sell some gains and pay no CG tax but you don't want to bother. After retirement and before taking SS I had an American Fund in taxable which was a mistake due to all the dividends and CG's thrown off each year and could tell, since ...
by birdsong
Wed Sep 28, 2016 2:17 pm
Forum: Investing - Theory, News & General
Topic: Christine's article today on RMD's...a question to bogleheads
Replies: 37
Views: 4534

Re: Christine's article today on RMD's...a question to bogleheads

BL--my thinking, too. I will name some individual heirs, not all charities and want those to be the taxable account and not IRA.
by birdsong
Wed Sep 28, 2016 2:14 pm
Forum: Investing - Theory, News & General
Topic: Christine's article today on RMD's...a question to bogleheads
Replies: 37
Views: 4534

Re: Christine's article today on RMD's...a question to bogleheads

Friar1610. I see where you are coming from. If my husband was still alive, we'd be squarely in the 25% bracket probably forever. Things change when you are a single person again. At some point, maybe just 2 years, and the stock market continuing up, I will be in the 28% bracket and at some point tie...