Search found 167 matches

by TaxingAccount
Mon Jul 20, 2020 10:06 am
Forum: Personal Investments
Topic: Holding Gold as "Doomsday Fund"
Replies: 164
Views: 8403

Re: Holding Gold as "Doomsday Fund"

I'm not a big gold fan but I don't deny there could be portfolio diversification benefits. But for those that advocate a large stash of physical gold, I'd like to understand the specifics of the scenario where it is better to hold physical gold. If the working financial markets just stop working, h...
by TaxingAccount
Sun Jul 19, 2020 2:15 pm
Forum: Personal Investments
Topic: Holding Gold as "Doomsday Fund"
Replies: 164
Views: 8403

Re: Holding Gold as "Doomsday Fund"

I'm not a big gold fan but I don't deny there could be portfolio diversification benefits. But for those that advocate a large stash of physical gold, I'd like to understand the specifics of the scenario where it is better to hold physical gold. If the working financial markets just stop working, h...
by TaxingAccount
Fri Jul 03, 2020 1:50 pm
Forum: Investing - Theory, News & General
Topic: First 20% of bonds in long-term Treasuries
Replies: 881
Views: 60459

Re: First 20% of bonds in long-term Treasuries

Does EDV and new issued 30 year treasury bonds both have a duration of 24.5? A newly issued 30-year Treasury bond would have a duration of about 20.5 years because the coupon payments reduce the effective duration. Why does this bond calculator say this bond has a duration of 24.6? It's a 30 year t...
by TaxingAccount
Fri Jul 03, 2020 12:53 pm
Forum: Investing - Theory, News & General
Topic: First 20% of bonds in long-term Treasuries
Replies: 881
Views: 60459

Re: First 20% of bonds in long-term Treasuries

Does EDV and new issued 30 year treasury bonds both have a duration of 24.5? A newly issued 30-year Treasury bond would have a duration of about 20.5 years because the coupon payments reduce the effective duration. Why does this bond calculator say this bond has a duration of 24.6? It's a 30 year t...
by TaxingAccount
Fri Jul 03, 2020 10:30 am
Forum: Investing - Theory, News & General
Topic: First 20% of bonds in long-term Treasuries
Replies: 881
Views: 60459

Re: First 20% of bonds in long-term Treasuries

I'm trying to understand and properly apply the duration formula used in this thread: using the simple formula provided upthread of (((age at start of retirement + age at end of retirement)/2) - current age) So, as an example, for a 45 yr old with a planned life expectancy of 95yrs, the optimal bon...
by TaxingAccount
Mon Jun 22, 2020 10:24 am
Forum: Personal Investments
Topic: Rollover IRA to 401k
Replies: 7
Views: 1043

Re: Rollover IRA to 401k

I guess some IRA custodians are not aware that Form 5498 is an IRA only form. Other plans cannot issue them, so you will not get one from your 401k plan. That is why the statement is necessary. I agree that the Medallion signature guarantee should not have been a problem. If you have deposits in a ...
by TaxingAccount
Sat Jun 20, 2020 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Expands eligibility for Corona Virus Related Distributions
Replies: 64
Views: 6391

Re: IRS Expands eligibility for Corona Virus Related Distributions

I would not take that to mean any kind of social distancing measures we used to slow the spread. That does need further explanation though. Having "work hours reduced" applies to quite a few people though. Cops, firemen & grocery store workers are about the only people that didn't have work hours r...
by TaxingAccount
Sat Jun 20, 2020 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Expands eligibility for Corona Virus Related Distributions
Replies: 64
Views: 6391

Re: IRS Expands eligibility for Corona Virus Related Distributions

It says you’re a qualified individual if you or a family member has been quarantined. Doesn’t that apply to pretty much everybody? A quarantine is a restriction on where you can go to try to prevent disease spread. All the students in my area were quarantined from school to keep the disease from sp...
by TaxingAccount
Sat Jun 20, 2020 10:07 am
Forum: Personal Finance (Not Investing)
Topic: IRS Expands eligibility for Corona Virus Related Distributions
Replies: 64
Views: 6391

Re: IRS Expands eligibility for Corona Virus Related Distributions

It says you’re a qualified individual if you or a family member has been quarantined. Doesn’t that apply to pretty much everybody? A quarantine is a restriction on where you can go to try to prevent disease spread. All the students in my area were quarantined from school to keep the disease from sp...
by TaxingAccount
Fri Jun 19, 2020 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Expands eligibility for Corona Virus Related Distributions
Replies: 64
Views: 6391

Re: IRS Expands eligibility for Corona Virus Related Distributions

goodenyou wrote:
Fri Jun 19, 2020 8:36 pm
I am using it to transfer $100,000 from my lousy employer 410k plan to an old SEP IRA I have at Schwab.
Is this allowed?
by TaxingAccount
Thu Jun 18, 2020 11:20 am
Forum: Investing - Theory, News & General
Topic: Over the counter drugs HSA reimbursable again (plus menstrual products)
Replies: 5
Views: 772

Re: Over the counter drugs HSA reimbursable again (plus menstrual products)

Where in the cares act does it say all over the counter medicines are now a qualified medical expense?
by TaxingAccount
Thu Jun 18, 2020 10:30 am
Forum: Personal Investments
Topic: selling ETFs, buying Mutual Funds
Replies: 27
Views: 1516

Re: selling ETFs, buying Mutual Funds

OK. I've been under that impression but just double checked with Vanguard myself. I was incorrect. You can use unsettled ETF funds to buy a mutual fund "in good faith" i.e. a simple trade. But you couldn't then turnaround and sell a fund you bought with still unsettled fund. So I stand corrected an...
by TaxingAccount
Thu Jun 18, 2020 4:48 am
Forum: Personal Investments
Topic: selling ETFs, buying Mutual Funds
Replies: 27
Views: 1516

Re: selling ETFs, buying Mutual Funds

If you sell ETF and buy MF on the same day you need be aware of when the funds settle. ETF settles in 2 business days. MF settles in 1 business day. If you sell ETF and buy MF's the same day: - The funds to buy MF are required next business day - But proceeds from selling ETF aren't available for 2...
by TaxingAccount
Wed Jun 17, 2020 6:59 pm
Forum: Personal Investments
Topic: selling ETFs, buying Mutual Funds
Replies: 27
Views: 1516

Re: selling ETFs, buying Mutual Funds

If you sell ETF and buy MF on the same day you need be aware of when the funds settle. ETF settles in 2 business days. MF settles in 1 business day. If you sell ETF and buy MF's the same day: - The funds to buy MF are required next business day - But proceeds from selling ETF aren't available for 2...
by TaxingAccount
Fri Jun 12, 2020 7:54 pm
Forum: Personal Investments
Topic: Thoughts on today's sell-off?
Replies: 194
Views: 16301

Re: Thoughts on today's sell-off?

I think we’re going to have a tough slog here. If stocks are trading at 30, maybe 35 times earnings, then yes, it’s a bubble. These sorts of valuations are really historically extreme and in all likelihood end in tears. In the worst-case scenario, we could go back to the old highs of the market prio...
by TaxingAccount
Tue Nov 19, 2019 12:35 pm
Forum: Personal Investments
Topic: Confused about Rolled over IRA vs Traditional IRA
Replies: 18
Views: 1380

Re: Confused about Rolled over IRA vs Traditional IRA

It is a good idea if you are going to correct someone that you base it on some factual knowledge and not just some anecdotal experience. @retiredjg's post was correct and beneficial to the OP. Yours was not. sorry for bothering everyone this is the last time you'll ever hear from me, i guess i'm no...
by TaxingAccount
Fri Nov 15, 2019 7:47 am
Forum: Personal Investments
Topic: Ally as a one stop shop
Replies: 31
Views: 3976

Re: Ally as a one stop shop

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by TaxingAccount
Thu Nov 14, 2019 10:09 am
Forum: Personal Investments
Topic: Ally as a one stop shop
Replies: 31
Views: 3976

Re: Ally as a one stop shop

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by TaxingAccount
Mon Nov 11, 2019 6:23 am
Forum: Personal Investments
Topic: Ally as a one stop shop
Replies: 31
Views: 3976

Re: Ally as a one stop shop

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by TaxingAccount
Mon Nov 11, 2019 3:25 am
Forum: Personal Investments
Topic: Ally as a one stop shop
Replies: 31
Views: 3976

Re: Ally as a one stop shop

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by TaxingAccount
Sun Nov 10, 2019 2:42 pm
Forum: Personal Investments
Topic: Ally as a one stop shop
Replies: 31
Views: 3976

Re: Ally as a one stop shop

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by TaxingAccount
Sun Nov 10, 2019 12:35 pm
Forum: Personal Investments
Topic: Ally as a one stop shop
Replies: 31
Views: 3976

Re: Ally as a one stop shop

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by TaxingAccount
Sun Nov 10, 2019 11:24 am
Forum: Personal Investments
Topic: Ally as a one stop shop
Replies: 31
Views: 3976

Re: Ally as a one stop shop

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by TaxingAccount
Wed Nov 06, 2019 10:43 am
Forum: Personal Investments
Topic: When to get in.
Replies: 24
Views: 3481

Re: When to get in.

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by TaxingAccount
Wed Nov 06, 2019 10:40 am
Forum: Personal Investments
Topic: When to get in.
Replies: 24
Views: 3481

Re: When to get in.

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by TaxingAccount
Tue Aug 27, 2019 10:23 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 19474
Views: 2697058

Re: U.S. stocks in free fall

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