Search found 10221 matches

by letsgobobby
Thu Jul 20, 2017 1:35 pm
Forum: Investing - Help with Personal Investments
Topic: Separate charitable donations in taxable
Replies: 11
Views: 246

Re: Separate charitable donations in taxable

If you know that you want to make a charitable donation, it doesn't make sense to grow it in taxable and then transfer to the DAF. You might as well write a check directly to your DAF and let it grow inside the DAF. Wouldn't this result in a lower deduction as the contribution the DAF would be what...
by letsgobobby
Thu Jul 20, 2017 1:13 pm
Forum: Investing - Help with Personal Investments
Topic: Separate charitable donations in taxable
Replies: 11
Views: 246

Re: Separate charitable donations in taxable

If you know that you want to make a charitable donation, it doesn't make sense to grow it in taxable and then transfer to the DAF. You might as well write a check directly to your DAF and let it grow inside the DAF. Wouldn't this result in a lower deduction as the contribution the DAF would be what...
by letsgobobby
Thu Jul 20, 2017 9:19 am
Forum: Investing - Help with Personal Investments
Topic: Windfall: Buy or wait?
Replies: 23
Views: 1576

Re: Windfall: Buy or wait?

with PE10 > 30, my allocation to US stocks with a recent windfall is 0%. I have mostly lump summed the fixed income and international stock portions. I plan to value average in over no more than five years into the US stock portion. In other words: now: 60% fixed income, 40% international, 0% US 1 y...
by letsgobobby
Thu Jul 20, 2017 1:18 am
Forum: Personal Finance (Not Investing)
Topic: Is this market timing? (with charitable giving)
Replies: 12
Views: 685

Re: Is this market timing? (with charitable giving)

In general you should delay donations to a DAF until the last moment because doing so optimizes your expected tax deduction (over time, stocks tend to appreciate) and minimizes your expected costs (Vanguard and Fido DAFs charge 0.60% annually in fees/expenses beyond the mutual fund fees).
by letsgobobby
Thu Jul 20, 2017 1:16 am
Forum: Investing - Help with Personal Investments
Topic: Can anyone convince me I need international stock in my portfolio?
Replies: 81
Views: 2263

Re: Can anyone convince me I need international stock in my portfolio?

You will need it over the next thirty years if US stocks tread water or decline and/or the US dollar enters a long decline, but you won't know whether this has happened for approximately thirty years.
by letsgobobby
Wed Jul 19, 2017 11:46 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Compensation and Subspecialties
Replies: 53
Views: 3778

Re: Physician Compensation and Subspecialties

physician, not a hospitalist. All our hospitalists make more than you, none of them work in NYC. Our match is closer to 10%, it vests immediately, and we are nice people. It seems to me there are only two major perks to being a hospitalist. The first is the love of inpatient medicine. The second is ...
by letsgobobby
Wed Jul 19, 2017 7:53 pm
Forum: Investing - Theory, News & General
Topic: Vanguard 403b Changes
Replies: 92
Views: 4465

Re: Vanguard 403b Changes

still have not received the letter, but it seems like if your assets are high enough that Admiral shares offset the monthly $5 fee (per plan), you come out ahead. Depending on the particular investments you chose, that could occur at a relatively low account value in the mid-upper 5 figures. It seem...
by letsgobobby
Tue Jul 18, 2017 11:19 pm
Forum: Personal Consumer Issues
Topic: Books not to read.
Replies: 109
Views: 6853

Re: Books not to read.

The Unconsoled by Kazuo Ishiguro.

Never Let me Go is one of my favorite books of all time. And I liked Remains of the Day well enough. But this was bizarre and numbing. The absurdism was not lost on me but after 250 pages, whatever the point was, it was not worth the slog. I gave in.
by letsgobobby
Tue Jul 18, 2017 8:37 pm
Forum: Investing - Help with Personal Investments
Topic: Investment advice for $4 million - can I do all stocks?
Replies: 72
Views: 5409

Re: Investment advice for $4 million - can I do all stocks?

they have $2M liquid and are about to realize $4M cash from the sale of a business. they also have a rich uncle and may inherit something in the future. does not seem convoluted to me.
by letsgobobby
Tue Jul 18, 2017 9:25 am
Forum: Investing - Help with Personal Investments
Topic: Investment advice for $4 million - can I do all stocks?
Replies: 72
Views: 5409

Re: Investment advice for $4 million - can I do all stocks?

Several other posters have suggested putting your 401k into bonds and the rest ($1-$5M) into stocks. I'd be thinking along those same lines. I am not sanguine about the near-medium term prospects for US stocks and there's really no rush for you, so perhaps think about dollar averaging over several y...
by letsgobobby
Mon Jul 17, 2017 8:59 am
Forum: Investing - Theory, News & General
Topic: Vanguard 403b Changes
Replies: 92
Views: 4465

Re: Vanguard 403b Changes

wife has not received letter yet for her vanguard 403b. but does she really have a vanguard 403b? she has access to vanguard funds and they appear in her 403b and 401k accounts at vanguard.com.

at any rate my question is who was paying the equivalent of the $5/mo fee beforehand?
by letsgobobby
Sat Jul 15, 2017 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Do you count vehicle equity in net worth?
Replies: 175
Views: 6685

Re: Do you count vehicle equity in net worth?

I'm kinda surprised that so many nominal Bogleheads don't seem to understand what Net Worth is, vis a vis Investible Assets. I thought that on average we had good financial literacy here. Oh well... I really do not know what I would do if I was utilizing this method - what would happen with these a...
by letsgobobby
Thu Jul 13, 2017 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Do you count vehicle equity in net worth?
Replies: 175
Views: 6685

Re: Do you count vehicle equity in net worth?

For those who track net worth but not the value of assets like cars, if you spend $50,000 cash on a car, do you consider your net worth as having dropped by $50,000? I would consider my net worth to have dropped by $50,000, yes. And then it would go back up if/when I sold the car. Because I can't a...
by letsgobobby
Thu Jul 13, 2017 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Do you count vehicle equity in net worth?
Replies: 175
Views: 6685

Re: Do you count vehicle equity in net worth?

There really isn't anything to debate. Net worth has a definition, total assets minus total liabilities. To the extent you are calculating net worth, to exclude a vehicle would be an error. The only reason I calculate NW is to have a sense of my estate tax liability (if any) when I die. I am sure bo...
by letsgobobby
Thu Jul 13, 2017 8:45 am
Forum: Investing - Help with Personal Investments
Topic: 13 year old with $2000 to invest
Replies: 20
Views: 2076

Re: 13 year old with $2000 to invest

I earned my first $1000+ at that age, working a paper route. My father suggested I contribute $500 to an IRA, which he matched 100%. We opened an account together, picked an investment together, and watched it over many years. When Roth IRAs became available we converted my small account. Perhaps it...
by letsgobobby
Wed Jul 12, 2017 9:23 am
Forum: Investing - Help with Personal Investments
Topic: 529 generation skipping
Replies: 3
Views: 387

Re: 529 generation skipping

You can change the 529 beneficiary to close family members including antecedents and decedents. The issues with both changing ownership and changing beneficiaries to a lower generation are a mess. There are NO 529 finalized regulations. The IRS has issued two diametrically opposed proposed regulati...
by letsgobobby
Wed Jul 12, 2017 2:05 am
Forum: Personal Consumer Issues
Topic: Olympic NP and Mt Rainier NP
Replies: 20
Views: 1737

Re: Olympic NP and Mt Rainier NP

Thanks all for the input. I guess my wife and I were thinking that if its summer in Minnesota, its at least spring everywhere else! At least we prepared and bought two new rain coats! My wife and I are pretty tough hikers, before kids our vacations were 10-12 mile day hikes at rocky mtn national pa...
by letsgobobby
Wed Jul 12, 2017 1:20 am
Forum: Investing - Theory, News & General
Topic: Vanguard FTSE All-World ex-US Small-Cap ETF
Replies: 20
Views: 4310

Re: Vanguard FTSE All-World ex-US Small-Cap ETF

Any current thoughts re: - Advisability of ETF vs MF? For a taxable account? For an IRA with RMDs? - likelihood of Admiral shares being offered any time soon? - whether there is a clearly better international small option, including a non Vanguard option. There are DFA adherents and DISVX has done w...
by letsgobobby
Sun Jul 09, 2017 5:25 pm
Forum: Personal Consumer Issues
Topic: can't logon to vanguard account [Website Down]
Replies: 92
Views: 2833

Re: can't logon to vanguard account [Website Down]

I don't think those not in the tech sector realize how basic this is. It's not about my making critical transactions at 10 am on Sunday. It's a symptom of a much deeper problem. If vanguard can't roll out routine upgrades without taking the site down- something your average blogger can now do easil...
by letsgobobby
Sun Jul 09, 2017 11:22 am
Forum: Personal Consumer Issues
Topic: can't logon to vanguard account [Website Down]
Replies: 92
Views: 2833

Re: Is Vanguard down this AM (7/9/17)?

routinely I cannot log into various financial websites late Saturday night. It happens to be my preferred time to do housekeeping and I've just accepted this fact of life. Last night Vanguard was one of three websites I couldn't access. No big deal. What is the big deal?
by letsgobobby
Sat Jul 08, 2017 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Car Finance 1.49% a Good Rate?
Replies: 40
Views: 2857

Re: Car Finance 1.49% a Good Rate?

Late night musings: This post kind of sounds like you want us to endorse a decision you've already made. Sure it's a good rate in that you're not going to do better with a bank or credit union. You could have answered that question by searching the internet for 5 minutes. 72 months is on the long e...
by letsgobobby
Thu Jul 06, 2017 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Museum Membership - tax deductible?
Replies: 13
Views: 931

Re: Museum Membership - tax deductible?

Tax deductible. I recall that the value of unlimited admission is considered incidental and of no value. Likewise any spiritual benefits derived from contributions to a house of worship do not offset the tax deductibility of said contributions. When museums have broken this down for us in the past, ...
by letsgobobby
Thu Jul 06, 2017 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: transferable on death account and refusing inheritance (Taxable?)
Replies: 6
Views: 452

Re: transferable on death account and refusing inheritance (Taxable?)

Tax Question. My wife is the executor of her grandparents will. Her grandparents have separate accounts opened for each of the beneficiaries each transferable on death. There is a strong possibility that her father who has one of these accounts will refuse the inheritance when they pass and offer i...
by letsgobobby
Thu Jul 06, 2017 6:26 am
Forum: Investing - Help with Personal Investments
Topic: Resource/reference for asset guidance for trusts?
Replies: 15
Views: 549

Re: Resource/reference for asset guidance for trusts?

Any tax efficient funds, ie TISM, TSM, and muni bonds, for example. Because your kids will not be able to reset the basis without tax consequences once you make the investment, it is particularly important to choose low cost, tax efficient investments from the outset. That might be an argument again...
by letsgobobby
Thu Jul 06, 2017 5:40 am
Forum: Investing - Help with Personal Investments
Topic: Resource/reference for asset guidance for trusts?
Replies: 15
Views: 549

Re: Resource/reference for asset guidance for trusts?

is this mid six figures each, or total?

is this additional money oitside of IRAs? if so, where will this money be coming from?
by letsgobobby
Wed Jul 05, 2017 4:37 pm
Forum: Investing - Help with Personal Investments
Topic: 45yo 18M portfolio, best way to grow?
Replies: 47
Views: 6427

Re: 45yo 18M portfolio, best way to grow?

Couple both 45 years old. 12M in housing/rentals, 6M in stocks, 280K mortgage, and 450K cash. 60% of stock is individual large cap domestic growth stocks. The rest is in large cap domestic and SP index mutual funds, with more allocation on the index fund. Income is about 1.2M/year gross from two W2...
by letsgobobby
Wed Jul 05, 2017 12:45 am
Forum: Investing - Theory, News & General
Topic: Your View: Vanguard Variable Annuity or just use Taxable account
Replies: 13
Views: 1143

Re: Your View: Vanguard Variable Annuity or just use Taxable account

Because of the existence of extremely low-cost, tax-efficient index funds such as the Vanguard ETFs; and because of the extremely favorable tax environment for investments - taxable investing is a pretty sweet deal as it is. Nowadays, it is hard to make a general case for VAs.
by letsgobobby
Tue Jul 04, 2017 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: irrevocable trust for children receiving an inheritance
Replies: 54
Views: 3959

Re: irrevocable trust for children receiving an inheritance

that is my thinking as well, it hardly seems controversial. however decanting may allow a further step. even if one did not have the right to distribute all the assets, decanting might allow one to place the assets in the trust into a more favorable trust. the Forbes article speaks to the advantages...
by letsgobobby
Tue Jul 04, 2017 1:31 pm
Forum: Personal Consumer Issues
Topic: Bogleheads: you should be buying 10-year old cars
Replies: 173
Views: 12722

Re: Bogleheads: you should be buying 10-year old cars

we used to buy moderately used, in the 3-7 year old range, but the last 3 vehicles have been new. Excluding the new toy, which is not a daily driver, those new cars are now 11 years and 175,000 miles, and 5 years and 110,000 miles. We will drive them until it is no longer economical to do so, or a n...
by letsgobobby
Tue Jul 04, 2017 11:37 am
Forum: Personal Finance (Not Investing)
Topic: irrevocable trust for children receiving an inheritance
Replies: 54
Views: 3959

Re: irrevocable trust for children receiving an inheritance

this Forbes article discusses some of the state to state variations in decanting provisions, and gives a specific example where the new trust would no longer terminate at a particular age. https://www.forbes.com/sites/ashleaebeling/2017/03/16/old-money-new-bottle-decant-if-you-dont-like-the-terms-of...
by letsgobobby
Mon Jul 03, 2017 8:36 pm
Forum: Investing - Help with Personal Investments
Topic: Help a 21 y/o Vanguard Investor with a Taxable Account
Replies: 55
Views: 3071

Re: Help a 21 y/o Vangaurd Investor with a Taxable Account

Max out your HSA, then max out your 401k, then if you have money left to save max out your Roth IRA. That's about $30k per year which is plenty on your salary. No need for a taxable account for now, you'd be purposely paying more taxes than you need to.
by letsgobobby
Mon Jul 03, 2017 3:17 pm
Forum: Investing - Help with Personal Investments
Topic: Our $101K "Problem" <--that much in cash savings
Replies: 16
Views: 2103

Re: Our $101K "Problem" <--that much in cash savings

I disagree with Meg here. in the 15% bracket, and expecting two pensions in the future, I think $11k Roth, $18k pretax, and the remainder taxable is an excellent balance.
by letsgobobby
Mon Jul 03, 2017 1:08 pm
Forum: Investing - Help with Personal Investments
Topic: Our $101K "Problem" <--that much in cash savings
Replies: 16
Views: 2103

Re: Our $101K "Problem" <--that much in cash savings

your desired asset allocation is 100% stocks but you are only 72% stocks. why the discrepancy? what do you plan to do about it?
by letsgobobby
Sun Jul 02, 2017 12:06 pm
Forum: Investing - Help with Personal Investments
Topic: How to manage lump sum from real estate sale
Replies: 18
Views: 2399

Re: How to manage lump sum from real estate sale

looks very solid. well done. wanted to comment on the 1031. true, capital gains taxes are only deferred while alive. however, when you die your heirs will receive a step up in tax basis on the properties and potentially avoid all capital gains taxes. can be a very effective option for generational w...
by letsgobobby
Sun Jul 02, 2017 11:58 am
Forum: Investing - Theory, News & General
Topic: Vanguard upgraded my accounts - angry [Brokerage Services]
Replies: 84
Views: 8929

Re: Vanguard upgraded my accounts - angry [Brokerage Services]

It amuses me that people here rail against Vanguard doing things like providing an automatic cross-account rebalancing tool because they're afraid it would "increase costs (it wouldn't) while also railing against consolidating all customers onto a single brokerage platform which WOULD material...
by letsgobobby
Sun Jul 02, 2017 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Buying a $520k House in LCOLA
Replies: 23
Views: 2955

Re: Buying a $520k House in LCOLA

mowing the lawn is the easiest part of taking care of a couple acres. it's everything else which takes the time. have fun with it!
by letsgobobby
Sat Jul 01, 2017 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a $520k House in LCOLA
Replies: 23
Views: 2955

Re: Buying a $520k House in LCOLA

You can afford it, I guess, though yor current savings are unstated. But your income is solid. I'd be concerned about 3 issues. 1. The lack of a neighborhood. This is a major drawback for young kids. We looked long and hard for a large lot within a neighborhood. Now our kids ride their bikes to the ...
by letsgobobby
Thu Jun 29, 2017 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank - deposit limit exceeded by home closing check
Replies: 24
Views: 2401

Re: Ally Bank - deposit limit exceeded by home closing check

I would never think to replace my bricks and mortar credit union with an online bank. as you say, the latter can't do everything (medallion signature?). lately I've even found myself needing a bricks and mortar bank with branches in multiple states. each institution has its advantage and disadvantage.
by letsgobobby
Thu Jun 29, 2017 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance Questions
Replies: 11
Views: 1880

Re: Inheritance Questions

my CA attorney says after publication creditors have four months, not one year or two, to make claims against the estate. add in some court waiting periods and she expects the process to take around 7 months. Yes, publication shortens the length of time within which claims can be made. Not everyone...
by letsgobobby
Thu Jun 29, 2017 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Inheritance Questions
Replies: 11
Views: 1880

Re: Inheritance Questions

my CA attorney says after publication creditors have four months, not one year or two, to make claims against the estate. add in some court waiting periods and she expects the process to take around 7 months.
by letsgobobby
Wed Jun 28, 2017 12:01 pm
Forum: Personal Consumer Issues
Topic: Hilton Vacation Getaways
Replies: 11
Views: 1131

Re: Hilton Vacation Getaways

these are painless. we've done several.
by letsgobobby
Tue Jun 27, 2017 7:14 pm
Forum: Investing - Help with Personal Investments
Topic: advice on how to invest inheritance wisely
Replies: 12
Views: 1127

Re: advice on how to invest inheritance wisely

My condolences. I understand what you're going through. Welcome to active posting life. Re: the inherited IRAs, you have until the end of 2017 (edited) to withdraw your dad's 2017 RMD. However the IRS may be lenient if you did not if the death was toward the end of the year. You have until Dec 31 20...
by letsgobobby
Tue Jun 27, 2017 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Voice Verification
Replies: 27
Views: 1933

Re: Vanguard Voice Verification

Really like it.
by letsgobobby
Tue Jun 27, 2017 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Middle age job blues
Replies: 86
Views: 8485

Re: Middle age job blues

What does being white have to do with any of this?
by letsgobobby
Tue Jun 27, 2017 1:31 pm
Forum: Investing - Help with Personal Investments
Topic: (Almost) every day I make a financial mistake more costly than the day before
Replies: 57
Views: 7104

Re: (Almost) every day I make a financial mistake more costly than the day before

We have historically low interest rates (thankfully), only way for them to go is up, which we are seeing now (so bonds lose money). Huh, my bond funds are up this year, about 6.5% annualized (3.12% YTD). http://www.morningstar.com/funds/XNAS/VBMFX/quote.html You might want to rethink your assumptio...
by letsgobobby
Tue Jun 27, 2017 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: 529 Superfund Question
Replies: 7
Views: 538

Re: 529 Superfund Question

I do recall you posting at one point you also hold a prepaid 4 year college plan for each of your kids at State of Washington I did, but sold that 18 months ago and all of the money is now in stocks. It's interesting that the OP has a higher risk tolerance for retirement than for college, whereas I...
by letsgobobby
Tue Jun 27, 2017 11:11 am
Forum: Investing - Help with Personal Investments
Topic: (Almost) every day I make a financial mistake more costly than the day before
Replies: 57
Views: 7104

Re: (Almost) every day I make a financial mistake more costly than the day before

We have historically low interest rates (thankfully), only way for them to go is up, which we are seeing now (so bonds lose money). Huh, my bond funds are up this year, about 6.5% annualized (3.12% YTD). http://www.morningstar.com/funds/XNAS/VBMFX/quote.html You might want to rethink your assumptio...
by letsgobobby
Tue Jun 27, 2017 11:00 am
Forum: Personal Finance (Not Investing)
Topic: 529 Superfund Question
Replies: 7
Views: 538

Re: 529 Superfund Question

In most cases you can't carry forward any state tax benefits for 529 funding. For that reason investors often superfund minus the small amount that they hold back for future year contributions, in order to receive the state tax benefits. This doesn't apply in states with no income tax, or no 529 tax...
by letsgobobby
Tue Jun 27, 2017 10:54 am
Forum: Investing - Help with Personal Investments
Topic: (Almost) every day I make a financial mistake more costly than the day before
Replies: 57
Views: 7104

Re: (Almost) every day I make a financial mistake more costly than the day before

We have historically low interest rates (thankfully), only way for them to go is up, which we are seeing now (so bonds lose money). Huh, my bond funds are up this year, about 6.5% annualized (3.12% YTD). http://www.morningstar.com/funds/XNAS/VBMFX/quote.html You might want to rethink your assumptio...
by letsgobobby
Tue Jun 27, 2017 9:32 am
Forum: Personal Consumer Issues
Topic: Compelling Beneficiaries to Respond - Trust
Replies: 14
Views: 1097

Re: Compelling Beneficiaries to Respond - Trust

Maybe they're consulting with an attorney about how to get even more money out of the guy. Look for a letter from a law office that indicates they do not agree to that settlement and want to see the will, or the trust, or plan to contest it, etc.

Or maybe they're sick.

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