Search found 1720 matches

by Wiggums
Thu Nov 14, 2019 6:58 pm
Forum: Personal Investments
Topic: Wash Sale Help
Replies: 16
Views: 372

Re: Wash Sale Help

If you want to sell a security at a loss and buy the same or a substantially identical security within 30 calendar days before or after the sale, the wash-sale rule will kick in. In such cases you won’t be able to take a loss for that security on your current-year tax return. Instead, you will have ...
by Wiggums
Thu Nov 14, 2019 6:57 pm
Forum: Personal Investments
Topic: Wash Sale Help
Replies: 16
Views: 372

Re: Wash Sale Help

The wash-sale rule was designed to discourage people from selling securities at a loss simply to claim a tax benefit. A wash sale occurs when you sell a security at a loss and then purchase that same security or “substantially identical” securities within 30 days (before or after the sale date). If ...
by Wiggums
Thu Nov 14, 2019 6:51 pm
Forum: Personal Investments
Topic: Investment Allocation
Replies: 4
Views: 434

Re: Investment Allocation

Welcome to the forum. I look forward to hearing back from you.
by Wiggums
Thu Nov 14, 2019 12:15 pm
Forum: Personal Investments
Topic: Short term losses to offset short term gains
Replies: 9
Views: 418

Re: Short term losses to offset short term gains

kaneohe wrote:
Thu Nov 14, 2019 12:05 pm
https://www.irs.gov/pub/irs-pdf/f1040sd.pdf

check out sch D........in pt I, you net ST gains/losses against each other; in pt II, you net LT gains/losses;
in Pt III, you net ST against LT; then if you have a net loss, the 3K limitation comes into play on line 21.
+1.
by Wiggums
Thu Nov 14, 2019 12:00 pm
Forum: Personal Investments
Topic: If one is pessimistic about both stocks and bonds, does a SPIA make sense?
Replies: 52
Views: 2100

Re: If one is pessimistic about both stocks and bonds, does a SPIA make sense?

You would never put all your money into SPIAs. Personally, I think you are being too pessimistic and overly conservative. Inflation is a big risk to your plan. Buying annuities At such a young age, in low interest rates is not good. Coverage for your wife will have an additional cost. Adding cola wi...
by Wiggums
Thu Nov 14, 2019 11:49 am
Forum: Personal Investments
Topic: If one is pessimistic about both stocks and bonds, does a SPIA make sense?
Replies: 52
Views: 2100

Re: If one is pessimistic about both stocks and bonds, does a SPIA make sense?

No, it does not make sense for a 40-something. Insurance companies invest in bonds. Their yield will be bond-like less insurance company expenses, you can do better by holding bonds yourself in a low-cost structure. If you don’t trust bonds you can’t trust insurance company solvency. For living exp...
by Wiggums
Thu Nov 14, 2019 10:59 am
Forum: Personal Investments
Topic: Emergency Fund - High Yield Savings Account?
Replies: 8
Views: 483

Re: Emergency Fund - High Yield Savings Account?

All good suggestions. Anything would far exceed your current rate.

www.depositaccounts.com

https://www.bankrate.com/cd.aspx
by Wiggums
Thu Nov 14, 2019 9:24 am
Forum: Personal Investments
Topic: How much to convert from Trad-IRA to Roth
Replies: 29
Views: 1537

Re: How much to convert from Trad-IRA to Roth

I am a bit hesitant to convert, because my RMD's will not be exceptionally high (I only have about $470K in my IRA), and converting will use up carryover losses. You will use up $3K of carryover losses per year whether you convert or not; the only way to change this amount is by having capital gain...
by Wiggums
Thu Nov 14, 2019 7:53 am
Forum: Personal Investments
Topic: Spend It All vs. Leave $$ for the Kids
Replies: 176
Views: 13221

Re: Spend It All vs. Leave $$ for the Kids

goblue100 wrote:
Thu Nov 14, 2019 7:21 am
Personally, I want my kid to have an advantage on the unlevel playing field.
:sharebeer
by Wiggums
Thu Nov 14, 2019 5:49 am
Forum: Personal Investments
Topic: Spend It All vs. Leave $$ for the Kids
Replies: 176
Views: 13221

Re: Spend It All vs. Leave $$ for the Kids

I think one of the best things you can do is to setup your children for success. Set a good example, teach them and encourage them to be independent. We have a DAF and they win when we win. As long as your children are doing the right things in life, I don’t know why you would not choose to leave mo...
by Wiggums
Wed Nov 13, 2019 8:49 pm
Forum: Personal Investments
Topic: Winning the Game - Reducing Risk
Replies: 25
Views: 2766

Re: Winning the Game - Reducing Risk

I believe that age in bonds is a relatively conservative approach to investing as one approaches traditional retirement age. I would not use that approach if I were considering retiring very early. Access to guaranteed income in retirement also changes the calculation. Not knowing the implications ...
by Wiggums
Wed Nov 13, 2019 7:50 pm
Forum: Personal Investments
Topic: Help! What do I do with my children's money?
Replies: 28
Views: 1794

Re: Help! What do I do with my children's money?

My kids have a savings account where we bring them to the bank to deposit money (as a teaching tool). They also have a custodial UTMA brokerage account. UTMA can be used for anything that benefits the child and the child cannot access the money until the age of majority. if they have too much unearn...
by Wiggums
Wed Nov 13, 2019 11:36 am
Forum: Personal Investments
Topic: Getting comfortable with AA heading into retirement
Replies: 9
Views: 1044

Re: Getting comfortable with AA heading into retirement

I’m following the 3 fund portfolio and I’m happy with it.

I think anywhere from 40/60 to 60/40 is fine. But you need to get the cash invested in the market soon.

I’m glad that the ESOP has treated you well. As you stated, it’s time to get out as the plan rules allow.

Good luck to you...
by Wiggums
Wed Nov 13, 2019 11:24 am
Forum: Personal Investments
Topic: New financial responsibilities - a young couple seeking advice
Replies: 18
Views: 1248

Re: New financial responsibilities - a young couple seeking advice

@Baxxter, The other thing you've done in your accounts that seems odd, is that you've combined target date funds with stock and bond index funds. My understanding of these products is that you're either all in or all out. If you have the ability to juggle a 3 fund portfolio, then do that instead of...
by Wiggums
Wed Nov 13, 2019 11:17 am
Forum: Personal Investments
Topic: Where to park $ for about 1.5 yrs
Replies: 10
Views: 1038

Re: Where to park $ for about 1.5 yrs

Check CD rates here

www.depositaccounts.com

https://www.bankrate.com/cd.aspx

Unfortunately, the short term rates have been going the wrong direction lately...
by Wiggums
Wed Nov 13, 2019 10:51 am
Forum: Personal Investments
Topic: New financial responsibilities - a young couple seeking advice
Replies: 18
Views: 1248

Re: New financial responsibilities - a young couple seeking advice

@Baxxter, Welcome to the forum. The first thing I see is the inconsistency between your household pre-tax income (which you said is $110k), and the tax bracket (which you said is 24%). Did you make a typo in the household income? I see no mention of Roth IRAs for either of you in your post. You can...
by Wiggums
Wed Nov 13, 2019 10:41 am
Forum: Personal Investments
Topic: SIL retirement puzzle
Replies: 49
Views: 3349

Re: SIL retirement puzzle

The situation is that she had to move. I get that, but that doesn’t mean to rush into home ownership. I am not sure that the 4% SWR rate holds water without a 60/40 portfolio. She does not have that. I would not feel comfortable locking into a condo with money being so tight. No control over HOA fee...
by Wiggums
Wed Nov 13, 2019 10:10 am
Forum: Personal Investments
Topic: IRA to 401K Roll In Rules, 60 Days, Vanguard Screw Ups
Replies: 12
Views: 457

Re: IRA to 401K Roll In Rules, 60 Days, Vanguard Screw Ups

I've been trying to get a rollover check from Vanguard and it's been nearly 6 weeks since I started. If I can't finish the roll in to Fidelity by the 60 day deadline because of this, can I sue Vanguard for restitution? They have sent checks to the wrong address multiple times and sent me a check ma...
by Wiggums
Wed Nov 13, 2019 10:05 am
Forum: Personal Investments
Topic: IRA to 401K Roll In Rules, 60 Days, Vanguard Screw Ups
Replies: 12
Views: 457

Re: IRA to 401K Roll In Rules, 60 Days, Vanguard Screw Ups

I've been trying to get a rollover check from Vanguard and it's been nearly 6 weeks since I started. If I can't finish the roll in to Fidelity by the 60 day deadline because of this, can I sue Vanguard for restitution? They have sent checks to the wrong address multiple times and sent me a check ma...
by Wiggums
Wed Nov 13, 2019 9:48 am
Forum: Personal Investments
Topic: How to combine finances with your spouse? Recently married/early30s
Replies: 65
Views: 3874

Re: How to combine finances with your spouse? Recently married/early30s

I had 250k more than my wife and we just combined accounts. I will likely get an inheritance and she will get pennies. My assets are hers and vice versa. It all goes into a joint account. From a money standpoint, my wife got the better deal. From a relationship standpoint, she is 100% an equal partn...
by Wiggums
Wed Nov 13, 2019 9:19 am
Forum: Personal Investments
Topic: Is this too simple
Replies: 16
Views: 2526

Re: Is this too simple

As a general rule, I think you’re better off with two separate funds— an index fund and a bond fund. If you want an all in one fund, I do like the Vanguard balanced fund. Life strategy funds are fine too. I do like that you are making sure that you have adequate fixed income. Without additional info...
by Wiggums
Wed Nov 13, 2019 8:58 am
Forum: Personal Investments
Topic: Strategy for transitioning to Bogle
Replies: 10
Views: 502

Re: Strategy for transitioning to Bogle

The money is already in the market. Not sure why you would need to dollar cost average. I wound sell what you have and invest (lumpsum) Into your new funds.
by Wiggums
Tue Nov 12, 2019 6:20 pm
Forum: Personal Investments
Topic: BRK.B
Replies: 22
Views: 2256

Re: BRK.B

If you have any stock in an IRA (such as your BRK.B) - I would definitely sell it and reinvest per your asset allocation. You have no tax consequences for doing so. Also, stop reinvesting dividends and invest the proceeds per your asset allocation. If you have stock in taxable accounts, I would sel...
by Wiggums
Tue Nov 12, 2019 3:12 pm
Forum: Personal Investments
Topic: Buy some VYM [Vanguard High Dividend Yield]?
Replies: 29
Views: 2499

Re: Buy some VYM?

I don’t have a strong opinion on this question, but I thought you were better off with something like total stock market because the dividend fund was not as diversified and there are tax implications when the dividend find was held in taxable. How much of a difference, I don’t know. I guess you can...
by Wiggums
Tue Nov 12, 2019 11:56 am
Forum: Personal Investments
Topic: Vanguard Market Outlook
Replies: 9
Views: 1461

Re: Vanguard Market Outlook

You should be fine. See an updated analysis of the Trinity

https://www.onefpa.org/journal/Pages/AU ... Study.aspx
by Wiggums
Tue Nov 12, 2019 11:46 am
Forum: Personal Investments
Topic: Will we be OK at 3% WR?
Replies: 287
Views: 18811

Re: Will we be OK at 3% WR?

Not every vacation needs to be in the big city of a country. We have done a few vacations where we get a car and drive the countryside with no real destination. Just exploring the world. Those are some of my favorite trips. Sure, The Vatican was awesome, but so was driving down the west coast stopp...
by Wiggums
Tue Nov 12, 2019 11:38 am
Forum: Personal Investments
Topic: "Tax advantaged Annuity" advised for friend
Replies: 35
Views: 1541

Re: "Tax advantaged Annuity" advised for friend

OMG, another "shark attack". That is such a horrible recommendation. It makes me sick to learn that yet another insurance salesman is trying to take advantage of an unsuspecting, unsophisticated widow to line his pockets with an inappropriate high-commission product. And you and your friend need to...
by Wiggums
Tue Nov 12, 2019 11:29 am
Forum: Personal Investments
Topic: "Tax advantaged Annuity" advised for friend
Replies: 35
Views: 1541

Re: "Tax advantaged Annuity" advised for friend

billfromct: "Short term money (1-5 years) to build a house/pay for college should be put in a short term fixed income investment never into an annuity. Annuities should only be used for long term (40-50 year) retirement savings." Basically just a money market or short term CDs?? Pretty much. I agree
by Wiggums
Tue Nov 12, 2019 11:16 am
Forum: Personal Investments
Topic: FIRE Roth Ladder Tax Question
Replies: 13
Views: 1143

Re: FIRE Roth Ladder Tax Question

Unfortunately, there is no one-size-fits-all plan, but I’ll share our strategy. Our portfolio is set up very well for early retirement, with money needed immediately in a taxable account. Some of our tax-advantaged money is going through Roth conversions over the next five years and longer. We are c...
by Wiggums
Tue Nov 12, 2019 10:52 am
Forum: Personal Investments
Topic: Vanguard Market Outlook
Replies: 9
Views: 1461

Re: Vanguard Market Outlook

Saw a YouTube video that Vanguard views the next 10 year outlook for stocks and bonds given higher valuations along with low yield environment today they projected about 4-6% nominal and bonds 2-2.5%. If I am invested in Vanguard Total Stock market Index should I use 4.5% with a 3.3% inflation for ...
by Wiggums
Tue Nov 12, 2019 10:28 am
Forum: Personal Investments
Topic: Holding bonds vs 100% equities
Replies: 367
Views: 20840

Re: Holding bonds vs 100% equities

I wonder if the pro 100% stocks crowd would change their views if we have another great depression, with a 80% or more crash in the stock market, or a Japan like stock market that declines for many years. None of these outcomes seem likely due to the past 10 years of US stock performance. Search in...
by Wiggums
Tue Nov 12, 2019 10:12 am
Forum: Personal Investments
Topic: Investing $140k in cash at 1k per week
Replies: 124
Views: 7499

Re: Investing $140k in cash at 1k per week

And there is no way to justify lump sum over DCA unless you looked into the future and found out that the stock market keeps rising up and there is no market crash in the near term. Actually there is a way to justify lump sum over DCA - studies have shown it works about better more often than not. ...
by Wiggums
Tue Nov 12, 2019 10:02 am
Forum: Personal Investments
Topic: About to put $ in Fixed income, which one?
Replies: 16
Views: 1862

Re: About to put $ in Fixed income, which one?

David Jay wrote:
Tue Nov 12, 2019 9:52 am
As a new retiree, I keep everything I need to spend in the next 2 years in Prime MM. Beyond that (as my crystal ball is malfunctioning) my fixed income is in IT bonds.
We do the same thing. I don’t expect my bonds to act like equities, but holding them has worked out for me.
by Wiggums
Tue Nov 12, 2019 9:49 am
Forum: Personal Investments
Topic: Speculating - Chesapeake Energy (CHK)
Replies: 16
Views: 695

Re: First time Speculating - Chesapeake (CHK)

The CEO only purchased 125k so not much feedback there. Debt is the great equalizer for companies like this, and CHK has a lot of it. If oil and gas prices go up, they'll look like a bunch of heroes. If they go down, it'll be a bloodbath. The company issued a “going concern” warning. A going concern...
by Wiggums
Tue Nov 12, 2019 9:36 am
Forum: Personal Investments
Topic: Buy pacific gas and electric?
Replies: 49
Views: 5371

Re: Buy pacific gas and electric?

PG&E fell 30% yesterday alone, closing at $5. Some analysts are predicting a 75% probability of falling to $0. The recent fires here in northern California will be the death of them, as the wine country fire near Geyserville looks like it was started by faulty equipment. The company has serious pro...
by Wiggums
Tue Nov 12, 2019 9:20 am
Forum: Personal Investments
Topic: Investing $140k in cash at 1k per week
Replies: 124
Views: 7499

Re: Investing $140k in cash at 1k per week

timetraveler wrote:
Mon Nov 11, 2019 6:31 pm
I like to have at least 1000 shares of VTI with my $140k. So 140 average price of VTI is a good bargain for me.
the current price of VTI is $156. It has not been $140 since June. You need a 10% drop in price just to get to $140 price target
by Wiggums
Tue Nov 12, 2019 9:05 am
Forum: Personal Investments
Topic: Asset allocation in Triditional 401k
Replies: 9
Views: 507

Re: Asset allocation in Triditional 401k

Welcome to the forum.

VBTLX vanguard total bond is what I use.
by Wiggums
Tue Nov 12, 2019 8:56 am
Forum: Personal Investments
Topic: Financial Advisor
Replies: 21
Views: 2084

Re: Financial Advisor

MBL wrote:
Thu Nov 07, 2019 12:03 pm
Update... We moved our Roth IRAs to Fidelity and are self-managing. Very pleased with the transfer process. Everything transferred over in the same funds, then we sold everything and made our purchases. Best move ever!
Congratulations. Well done...
by Wiggums
Tue Nov 12, 2019 8:44 am
Forum: Personal Investments
Topic: Is it a good time to transfer my inflation protected securities balance to the S&P 500
Replies: 20
Views: 1561

Re: Is it a good time to transfer my inflation protected securities balance to the S&P 500

I don't think the problem is with your investment choices, it lies in your savings rate. Until that increases via increased income or decreased spending, you're basically just treading water... Best of fortunes in the years ahead. I completely agree. Your saving rate and time in the market is the w...
by Wiggums
Tue Nov 12, 2019 8:40 am
Forum: Personal Investments
Topic: Is it a good time to transfer my inflation protected securities balance to the S&P 500
Replies: 20
Views: 1561

Re: Is it a good time to transfer my inflation protected securities balance to the S&P 500

...Wanted to take a little more risk for a little more reward... I am concerned about your saying that. Can you explain what has changed that makes you willing and able to take more risk than before? Something other than concerns about "I have only 30k saved for retirement at age 51. House is only ...
by Wiggums
Tue Nov 12, 2019 8:37 am
Forum: Personal Investments
Topic: Is it a good time to transfer my inflation protected securities balance to the S&P 500
Replies: 20
Views: 1561

Re: Is it a good time to transfer my inflation protected securities balance to the S&P 500

First, just a suggested phrasing change: I have only 30k saved for retirement at age 51. House is only half paid for. You have what you have--sounds like you are moving forward in a very productive direction. I would propose a bit of a compromise with what the other posters have suggested: a) Arriv...
by Wiggums
Mon Nov 11, 2019 7:34 pm
Forum: Personal Investments
Topic: [Help with my three-fund portfolio]
Replies: 12
Views: 981

Re: [Help with my three-fund portfolio]

I include cash in my allocation.

An AA of 60/40 is reasonable. I am following the three fund portfolio and I do not have individual stocks. You selected good stocks, but they are also in the index as well.

Congratulations on your retirement.
by Wiggums
Mon Nov 11, 2019 7:26 pm
Forum: Personal Investments
Topic: [Help with my three-fund portfolio]
Replies: 12
Views: 981

Re: The Three-Fund Portfolio

Greetings to all! This is my first post. My wife and I are about to retire and I find myself struggling with the shift from the collection phase of life to the withdrawal phase. I have generally followed the ‘Three Fund Portfolio’ model (although mine is really four fund with the addition of the In...
by Wiggums
Mon Nov 11, 2019 7:12 pm
Forum: Personal Investments
Topic: Advice on Nest Egg draw down
Replies: 9
Views: 1332

Re: Advice on Nest Egg draw down

Projecting your retirement expenses is the first task. Some Items go away, e.g. 401k contribution. Other items may need to be added: medical, taxes, etc. think about items that are not purchased annually, such as a new car, roof, air conditioner, etc. Next, I’d list your sources of income. Subtract ...
by Wiggums
Mon Nov 11, 2019 7:04 pm
Forum: Personal Investments
Topic: New Construction Home Purchase
Replies: 17
Views: 1173

Re: New Construction Home Purchase

I personally would rent for a year in a new state to allow time to sell the old house and get acquainted with new area while I determined the right area for me to live in. +1 Purchasing a home is a big commitment to that location. We are facing the same situation and we will rent before we commit t...
by Wiggums
Mon Nov 11, 2019 6:59 pm
Forum: Personal Investments
Topic: inheritance
Replies: 25
Views: 3104

Re: inheritance

All very good information,thank you. The trust is at Fidelity,and family has some experience with vanguard.I am not quite clear on the capital gains nuetralization after the transfer of funds? Bills will be around 2000/month ss/1800 pension/1000 Want to upgrade our old house so maybe 1500 earnings ...
by Wiggums
Mon Nov 11, 2019 6:47 pm
Forum: Personal Investments
Topic: Investing $140k in cash at 1k per week
Replies: 124
Views: 7499

Re: Investing $140k in cash at 1k per week

I invest my extra cash weekly. The weekly pull from my bank is automated and then the mutual fund is purchased the next day. I’ve used this method for 20 years.

Good luck to you.
by Wiggums
Mon Nov 11, 2019 11:24 am
Forum: Personal Investments
Topic: Already maxing out Simple IRA and Roth IRA, refinance into a 15 or 30 year mortgage?
Replies: 12
Views: 810

Re: Already maxing out Simple IRA and Roth IRA, refinance into a 15 or 30 year mortgage?

I agree with the previous suggestion. I don’t think you can go wrong with either loan. It Sounds like you are going to pay it off early.
by Wiggums
Mon Nov 11, 2019 10:49 am
Forum: Personal Investments
Topic: Help for MIL
Replies: 19
Views: 1162

Re: Help for MIL

aristotelian wrote:
Mon Nov 11, 2019 10:45 am
Wiggums wrote:
Mon Nov 11, 2019 10:44 am
Is the 200k in a high yield account?
Sort of. It's currently in a MM account with local bank. I believe it's earning about 1%.
I’d verify the rate. If you get a much higher rate online for little effort. That will be easy money.
by Wiggums
Mon Nov 11, 2019 10:44 am
Forum: Personal Investments
Topic: Help for MIL
Replies: 19
Views: 1162

Re: Help for MIL

Is the 200k in a high yield account?

You can increase her cash flow by paying her more for watching your children :-)