Search found 20024 matches

by jebmke
Sat Mar 25, 2023 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Tax question about 1099 for 401k to IRA
Replies: 3
Views: 100

Re: Tax question about 1099 for 401k to IRA

No, you will not receive a 1099-r on the IRA. Eventually (May/June) you will receive a 5498 which is purely informational.
by jebmke
Fri Mar 24, 2023 5:54 pm
Forum: Personal Consumer Issues
Topic: Tesla (or EVs in general) - real-world inconveniences?
Replies: 76
Views: 4034

Re: Tesla (or EVs in general) - real-world inconveniences?

CC1E wrote: Fri Mar 24, 2023 3:01 pm Depending on your drinking habits you may get by with Level-1 charging (120v outlet), especially if it’s a 20 amp circuit.
Is charging faster or slower for those who drink?
by jebmke
Fri Mar 24, 2023 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: The Final, Definitive Thread on Bank Bonuses
Replies: 23
Views: 1632

Re: The Final, Definitive Thread on Bank Bonuses

whodidntante wrote: Fri Mar 24, 2023 5:13 pm
Pu239 wrote: Sun Mar 19, 2023 8:01 pm What's a bingo board?
Banks that are located on high-traffic roads tend to have electronic signs that flash numbers and short messages. When I find a sweet enough deal, I shout "bingo!" and make a mental note to stop in. You can take it from there. :P
all I've ever seen is the temperature
by jebmke
Fri Mar 24, 2023 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Can muni bonds have more tax advantages than just the tax-free yield?
Replies: 12
Views: 1175

Re: Can muni bonds have more tax advantages than just the tax-free yield?

The issue I have with muni bonds is they are often compared to treasuries (and perhaps brokered CDs) on the basis of tax-equivalent yield alone. But this is not really a valid comparison (IMO) because the munis are not as safe, and do not hold-up nearly as well in the face of market turmoil. So you need to decide if the slight effective tax advantage is worth it to you. I usually throw in extra basis points to try to adjust for this when comparing. Not scientific but unless there is a clear advantage, I typically go with Treasuries. edit: also, because my marginal tax rate can move around a bit, I normally don't even look seriously at munis unless the B/E tax rate gets above 27% for Federal; and starting this year I also have to roll NIIT ...
by jebmke
Fri Mar 24, 2023 4:19 pm
Forum: Personal Investments
Topic: Asking for Clarification [Wellington vs. Wellesley]
Replies: 9
Views: 928

Re: Asking for Clairification

The SEC yield on Wellesley is a lot higher than Wellington.
by jebmke
Fri Mar 24, 2023 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Is there a minimum when donor advised funds are worth it?
Replies: 14
Views: 822

Re: Is there a minimum when donor advised funds are worth it?

DAFs are also a good place do dump remnants in a portfolio or other misfits that have unrealized gains. I had a legacy stock holding get acquired so I dumped it in the DAF before having the gain forced on me.
by jebmke
Fri Mar 24, 2023 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: Slight Rant Regarding Medigap Supplier [Selecting a Medigap Plan]
Replies: 8
Views: 840

Re: Slight Rant Regarding Medigap Supplier

billfromct wrote: Fri Mar 24, 2023 2:38 pm Did you talk someone in the NJ SHIP (State Health Insurance <Assistance> Program) office? I guess they leave out the “A” in the acronym so it’s easier to recognize. I guess SHIAP wouldn’t be too easy to remember.

I believe every state provides this unbiased advice concerning Medicare programs, usually via a phone call.

bill
right; also, in many states, the insurance regulators have a lot of information on their web sites.
by jebmke
Fri Mar 24, 2023 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Is there a minimum when donor advised funds are worth it?
Replies: 14
Views: 822

Re: Is there a minimum when donor advised funds are worth it?

123 wrote: Fri Mar 24, 2023 2:45 pm Perhaps the biggest advantage of DAFs is the ability to donate appreciated securities. You don't pay the capital gains tax on the securities you transfer to the DAF account and the full current value of the securities counts as the amount donated for tax purposes.
You can also donate appreciated securities directly to a charity. The value deducted depends on whether the gain was long term or short term and there is a maximum amount that can be deducted based on income. Running it through a DAF can be administratively much easier, particularly for smaller charities that aren't set up to handle non-cash asset donations.
by jebmke
Fri Mar 24, 2023 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Is there a minimum when donor advised funds are worth it?
Replies: 14
Views: 822

Re: Is there a minimum when donor advised funds are worth it?

CAsage wrote: Fri Mar 24, 2023 2:13 pm Using a DAF is really only worthwhile if you plan to donate a big chunk on an infrequent (i.e. more than yearly) basis and then dole out grants for a fraction of that annually.
That is a major benefit but there are other good reasons for using a DAF. One is to fund multiple charities with a single donation of securities. This is mainly for administrative ease to avoid having to donate slices of shares at a time. Two, and important to some, DAFs are a good vehicle for making anonymous donations.
by jebmke
Fri Mar 24, 2023 2:38 pm
Forum: Investing - Theory, News & General
Topic: sell t-notes to offset capital loss?
Replies: 13
Views: 598

Re: sell t-notes to offset capital loss?

anoop wrote: Fri Mar 24, 2023 1:57 pm
jebmke wrote: Fri Mar 24, 2023 1:55 pm
anoop wrote: Fri Mar 24, 2023 1:53 pm Thanks. A related question -- are the capital gains/losses from selling of treasuries subject to state income tax?
Depends on the state. In MD, gains are not taxed.
It's CA. Is there an easy way to check this?
CA probably has an instruction book for preparing a CA resident return.
by jebmke
Fri Mar 24, 2023 1:55 pm
Forum: Investing - Theory, News & General
Topic: sell t-notes to offset capital loss?
Replies: 13
Views: 598

Re: sell t-notes to offset capital loss?

anoop wrote: Fri Mar 24, 2023 1:53 pm Thanks. A related question -- are the capital gains/losses from selling of treasuries subject to state income tax?
Depends on the state. In MD, gains are not taxed.
by jebmke
Fri Mar 24, 2023 1:50 pm
Forum: Investing - Theory, News & General
Topic: sell t-notes to offset capital loss?
Replies: 13
Views: 598

Re: sell t-notes to offset capital loss?

sure; normally I like to apply losses to either ordinary income or gains that I need to take strategically (e.g. re-balance or withdrawal for spending).
by jebmke
Fri Mar 24, 2023 1:41 pm
Forum: Investing - Theory, News & General
Topic: Bernstein on TIPS and T-bills
Replies: 94
Views: 8024

Re: Bernstein on TIPS and T-bills

Per SSA, a 60 year-old woman can expect to live about 25 years, and a 60 year-old man about 21 years (if I'm reading the tables correctly). You do realize that your hypothetical 60 year-old woman/man each have a 50% chance of surviving longer? That makes those values just about useless for any sort of retirement planning ... unless you want to plan for a 50% chance of failure. They are from the Social Security administration (citation link in my post), you can direct any complaints to them. 😀 I have no question about the accuracy of the numbers and thus have no bone to pick with the SSA. I was questioning if you understood what life expectancy means. IDpilot is correct. Social Security Actuarial Life table, used for 2022 does show life exp...
by jebmke
Fri Mar 24, 2023 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Pub 590-B for 2022 has been released (IRA distributions)
Replies: 1
Views: 457

Re: IRS Pub 590-B for 2022 has been released (IRA distributions)

Thanks for the heads up. This is one of the pubs I use frequently.
by jebmke
Fri Mar 24, 2023 11:00 am
Forum: Investing - Theory, News & General
Topic: Signs of a recession?
Replies: 14
Views: 1401

Re: Signs of a recession?

Johm221122 wrote: Fri Mar 24, 2023 10:54 am I'm in the hospitality business and
1. We're extremely busy
2. Can't find workers (have to bring them from out of country)
3. Very high room rates
The seasonal businesses here -- e.g. restaurants and other establishments that are only open for the extended summer season are bracing for another scramble this year. In years past they hired a lot of foreign students for the summer; not nearly as many now.
by jebmke
Fri Mar 24, 2023 10:44 am
Forum: Investing - Theory, News & General
Topic: Signs of a recession?
Replies: 14
Views: 1401

Re: Signs of a recession?

rockstar wrote: Fri Mar 24, 2023 10:42 am Earnings should be worse this year than last year. That doesn’t mean we’ll be in a recession. A lot of companies over hired during the pandemic. However, the cost to borrow is definitely a problem.

There are really two ways to contain inflation: raise unemployment and/or raise taxes.
I haven't seen the most recent data but at one point, I saw a graph that showed that the tech layoffs are a fraction of the hiring that took place since the pandemic.
by jebmke
Thu Mar 23, 2023 10:52 pm
Forum: Investing - Theory, News & General
Topic: Bernstein on TIPS and T-bills
Replies: 94
Views: 8024

Re: Bernstein on TIPS and T-bills

Great food for thought. The goodly pile of Tips I bought in October, 2008 will finally mature in 2025 when I am 72. I've been thinking about re-upping on some longer dated ones. Maybe some 2053s that mature on my 100th birthday.
by jebmke
Thu Mar 23, 2023 7:29 pm
Forum: Personal Investments
Topic: Fidelity advisors keep calling me
Replies: 27
Views: 2626

Re: Fidelity advisors keep calling me

Have you tried telling them not to call you. I asked VG not to call me and they haven't called back since. I told them I'd be in touch if I needed anything.
by jebmke
Thu Mar 23, 2023 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: Can muni bonds have more tax advantages than just the tax-free yield?
Replies: 12
Views: 1175

Re: Can muni bonds have more tax advantages than just the tax-free yield?

It appears that TE interest isn't included in the NIIT calculation.
by jebmke
Thu Mar 23, 2023 4:51 pm
Forum: Personal Consumer Issues
Topic: Problem getting passport
Replies: 21
Views: 1880

Re: Problem getting passport

ScubaHogg wrote: Thu Mar 23, 2023 12:59 pm FWIW I did expedited processing back in august. Took less than 2 weeks
The expedited processing is well worth the money. When you consider how long a PP lasts, it is really peanuts. A few years ago I got one renewed in 2 days when I discovered that I could not get a certain visa without a PP that had an expiration date inside one year.
by jebmke
Thu Mar 23, 2023 5:39 am
Forum: Investing - Theory, News & General
Topic: vanguard CD rates?
Replies: 3
Views: 597

Re: vanguard CD rates?

notoriousMG wrote: Thu Mar 23, 2023 5:37 am How long do you think Vanguard CD rates will take to update to the hike increase? Any experience from the past?
The rates quoted are determined by buyers and sellers who trade daily. They now reflect all the information available. What you see is what you get.
by jebmke
Wed Mar 22, 2023 5:37 pm
Forum: Personal Consumer Issues
Topic: Do you tip at Starbucks/Dunkin Donuts?
Replies: 138
Views: 8196

Re: Do you tip at Starbucks/Dunkin Donuts?

dukeblue219 wrote: Wed Mar 22, 2023 5:34 pm
lillycat wrote: Wed Mar 22, 2023 4:21 pm
dukeblue219 wrote: Wed Mar 22, 2023 2:33 pm
lillycat wrote: Wed Mar 22, 2023 1:38 pm A cup of coffee costs $6 at SB? No.
No it doesn't. A regular coffee is $2.65 at SB and $2.19 at Dunkin.
Yes, it does. I witness my DH order a giant cup at the SB drive thru all the time and it’s $6.
I have no idea what coffee costs at DD.
Then it's not coffee he is ordering, but some sort of latte, cappuccino, frappucino, or maybe a nitro cold brew that would be $10 at any sort of local cafe.
The margins on those are probably phenomenal. Many years ago I met with a group of investors doing roll-ups of Dunkin stores in Boston. They had ~ 25 stores. The margins on coffee were around 95%; they would give donuts away (free donut coupon) just to get people into the store to buy coffee.
by jebmke
Wed Mar 22, 2023 4:54 pm
Forum: Personal Consumer Issues
Topic: Do you tip at Starbucks/Dunkin Donuts?
Replies: 138
Views: 8196

Re: Do you tip at Starbucks/Dunkin Donuts?

Will do good wrote: Wed Mar 22, 2023 4:47 pm No. We over tip in America.
Only @ Lake Wobegon

But We Have Wall to Wall Floors in America
by jebmke
Wed Mar 22, 2023 3:27 pm
Forum: Personal Consumer Issues
Topic: Do you tip at Starbucks/Dunkin Donuts?
Replies: 138
Views: 8196

Re: Do you tip at Starbucks/Dunkin Donuts?

WapelloHawk wrote: Wed Mar 22, 2023 3:17 pm To tip or not tip on a $5 coffee at Starbucks does not seem like a BH-type topic.
You’d be surprised at how banal the topics can get
by jebmke
Wed Mar 22, 2023 2:08 pm
Forum: Personal Consumer Issues
Topic: Do you tip at Starbucks/Dunkin Donuts?
Replies: 138
Views: 8196

Re: Do you tip at Starbucks/Dunkin Donuts?

9-5 Suited wrote: Wed Mar 22, 2023 1:20 pm I always love when I meet up with someone from Europe and they just are in disbelief about how insane the pervasiveness of tipping culture is here. It’s like they walked into something that boggles their mind.
That's because the compensation system is different
by jebmke
Wed Mar 22, 2023 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Refund Question
Replies: 5
Views: 479

Re: IRS Refund Question

(Crossposted with the above.) Most likely the IRS adjusted your tax return based on information they received associated with your SS number. It could be any number of things. Perhaps you failed to report all of your income. Perhaps you claimed a credit or deduction to which you weren't entitled. Perhaps you owe federal taxes for a prior year. Perhaps you entered in the amount of federal withholding wrong. Unlikely but possible that TT made a mistake if you have a very unusual tax situation. Perhaps something else. The most common type of error is a data entry error into TT. You could double check all of your dollar amount entries on every line of every form. You should receive a letter from the IRS addressed to you at the address you prov...
by jebmke
Wed Mar 22, 2023 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Separation agreement vs. 401(k) plan rules
Replies: 3
Views: 311

Re: Separation agreement vs. 401(k) plan rules

I don't know but I'd guess that the separation agreement is mostly boiler-plate language. I think you should feel free to suggest clarifying language to ensure that you get the matching amount. I have done this multiple times on "boiler-plate" offer letters and my ex-pat agreement. I was once able to suggest insertion of a no-loss clause on a relocation letter that included home purchase assistance - they guaranteed that I would not lose money on my house since we had just moved less than 18 months ago. Always ask.

edit: I've been on the other end of separation agreements and agreed to amendments in the name of fairness. In some cases I had to push back on HR because they tend to like to stick to policy.
by jebmke
Wed Mar 22, 2023 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Estimating Required 2027 Retirement Income to Using Estimated Expenses in 2023 Dollars?
Replies: 8
Views: 606

Re: Estimating Required 2027 Retirement Income to Using Estimated Expenses in 2023 Dollars?

Thanks... Looking in 2023 dollars using the same estimated 23% effective tax rate estimates the $224,550 in expenses requires $291,523 in income. I realize that this is simpler to not try to guess at inflation (your point). My concern is it may underestimate the income (and in turn the required assets to generate the income) four years from now. The same estimate with 3% inflation requires about $38,000/year more income which requires approximately another $1M in assets to fund it. See what I mean? I have found it easier and no less precise to simply do everything in real dollars and not attempt to forecast inflation rates. Like you, I do not assume that statutory tax rates will be changed until legislation is passed and signed. Yes, but t...
by jebmke
Wed Mar 22, 2023 10:37 am
Forum: Personal Consumer Issues
Topic: Water hammer laundry machine. Let plumber handle?
Replies: 22
Views: 1480

Re: Water hammer laundry machine. Let plumber handle?

I used one of these to stop hammering from a sprinkler timer starting a watering cycle. One caution, there seems to be some variability from one to another. The first one I bought didn't work so I returned it for a replacement which did work.
by jebmke
Wed Mar 22, 2023 10:12 am
Forum: Personal Consumer Issues
Topic: Do you tip at Starbucks/Dunkin Donuts?
Replies: 138
Views: 8196

Re: Do you tip at Starbucks/Dunkin Donuts?

I tip at a local coffee shop (local roaster). They have a self-service area with regular coffee for those of us who don't drink contaminated coffee drinks. The nominal price is less than a whole dollar amount so I normally round up and leave dollars in the slot provided.
by jebmke
Wed Mar 22, 2023 10:04 am
Forum: Investing - Theory, News & General
Topic: How to optimize disallowed loss carryover
Replies: 3
Views: 327

Re: Disallowed loss carryover

You don't apply them. They are used to adjust your cost basis in remaining shares.
by jebmke
Wed Mar 22, 2023 10:03 am
Forum: Personal Finance (Not Investing)
Topic: SSA Can't Provide Estimates
Replies: 8
Views: 799

Re: SSA Can't Provide Estimates

dfin wrote: Wed Mar 22, 2023 10:01 am Thank you, that's rather unfortunate.
I found it pretty easy to do the calculations using AnyPIA. In fact, I was able to use this to discover that the amount on my determination letter was incorrect. After filing an appeal, they quickly made the adjustment before my benefit commenced in February.
by jebmke
Wed Mar 22, 2023 9:54 am
Forum: Personal Finance (Not Investing)
Topic: SSA Can't Provide Estimates
Replies: 8
Views: 799

Re: SSA Can't Provide Estimates

Something in their system triggers this. Even when I applied for SS I got the same thing; they didn't update my online number until after I had received my determination letter. The local SS office near me has been pretty accessible by phone so I had a workaround.
by jebmke
Wed Mar 22, 2023 8:25 am
Forum: Personal Finance (Not Investing)
Topic: Estimating Required 2027 Retirement Income to Using Estimated Expenses in 2023 Dollars?
Replies: 8
Views: 606

Re: Estimating Required 2027 Retirement Income to Using Estimated Expenses in 2023 Dollars?

I have found it easier and no less precise to simply do everything in real dollars and not attempt to forecast inflation rates.

Like you, I do not assume that statutory tax rates will be changed until legislation is passed and signed.
by jebmke
Tue Mar 21, 2023 7:39 pm
Forum: Personal Investments
Topic: Bad Work Situation Pushing me into retirement.
Replies: 176
Views: 17081

Re: Bad Work Situation Pushing me into retirement.

kchico wrote: Tue Mar 21, 2023 7:27 pm
rob wrote: Tue Mar 21, 2023 7:16 pm I don't see any way this works to be honest....
So Bogleheads don't use the 4% SWR?
maybe for a 25 year horizon - say at age 60+

Even that is a close one for many.
by jebmke
Tue Mar 21, 2023 7:31 pm
Forum: Investing - Theory, News & General
Topic: Where do companies stash their cash?
Replies: 10
Views: 1324

Re: Where do companies stash their cash?

My multinational used to keep everything we didn't need for working capital at a US money center bank. Above a certain amount there we moved to various instruments like commercial paper, treasury bills and some overnight deals with majors in country (DB, HSBC). We still had quite a bit in country - some countries required me to keep it in a local bank; South Africa for example woudn't let us move anything out of SAF unless we were paying an invoice to a non-SAF vendor, including inter-company. I always kept local deposits in local currency (edit: some exceptions -- some customer contracts were written in dollars and the customers delivered dollars) but often hedged them back to Euros or Dollars.
by jebmke
Tue Mar 21, 2023 7:22 pm
Forum: Personal Consumer Issues
Topic: Macrium Reflect free edition Discontinued
Replies: 9
Views: 752

Re: Macrium Reflect free edition Discontinued

zlandar wrote: Tue Mar 21, 2023 7:20 pm I bought a pack of 4 licenses for version 7 years ago. It's money well-spent IMO.

Last sale on version 8 was $70 for a pack of 4 licenses or $35 for one license. I would wait for a sale.
right; they will make a good deal for free users to migrate them but it won't happen until they approach deprecation day.

Would not surprise me to see others like Malewarebytes do the same thing.
by jebmke
Tue Mar 21, 2023 6:00 pm
Forum: Personal Consumer Issues
Topic: Macrium Reflect free edition Discontinued
Replies: 9
Views: 752

Re: Macrium Reflect free edition Discontinued

K72 wrote: Tue Mar 21, 2023 5:52 pm If you are even just slightly techie, I've found the Linux dd command works well, for either a byte-byte clone or binary image. All you need to do is boot from a Linux live USB flash drive and run the command.
I think it can also be done with DISM in the Command Prompt; I used to have a GUI for DISM - not sure if I kept it.
by jebmke
Tue Mar 21, 2023 5:08 pm
Forum: Personal Consumer Issues
Topic: Charity Navigator & QCDs
Replies: 62
Views: 3352

Re: Charity Navigator & QCDs

Why would I make a QCD from a Roth? At best it is a wash. If you itemize, you would save money by treating the Roth as non-taxable income, and give money from your other taxable income (e.g., Social Security or pension). The reason for my post was to show that one can indeed make a QCD from a Roth according to the IRS regulations. Probably because it makes no sense there was doubt that the IRS would allow someone to do it. If a Roth is inherited by a non-spouse isn't there a clock on distributing out the assets? Whereas taxable assets would step up and not be subject to a distribution clock. As you've pointed out, there are situations where it makes sense to withdraw from a Roth. But in that case, why go through the filing and documentatio...
by jebmke
Tue Mar 21, 2023 4:56 pm
Forum: Personal Consumer Issues
Topic: Charity Navigator & QCDs
Replies: 62
Views: 3352

Re: Charity Navigator & QCDs

Agent 99 wrote: Tue Mar 21, 2023 4:33 pm
prd1982 wrote: Tue Mar 21, 2023 12:19 pm Why would I make a QCD from a Roth? At best it is a wash. If you itemize, you would save money by treating the Roth as non-taxable income, and give money from your other taxable income (e.g., Social Security or pension).
The reason for my post was to show that one can indeed make a QCD from a Roth according to the IRS regulations. Probably because it makes no sense there was doubt that the IRS would allow someone to do it.
If a Roth is inherited by a non-spouse isn't there a clock on distributing out the assets? Whereas taxable assets would step up and not be subject to a distribution clock.
by jebmke
Tue Mar 21, 2023 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: 1099 income, deductions and depreciation
Replies: 16
Views: 741

Re: 1099 income, deductions and depreciation

MechDoc wrote: Tue Mar 21, 2023 3:47 pm (disregarded entity does not make much sense because I do not know what it is!)
It means that for tax purposes the IRS doesn't consider the entity to be real. all activity in the entity is straight passthrough to the individual. For example, if you have an LLC, even if it has an EIN if it is a passthrough it is reported on your personal 1040. There is no tax return for the entity. Fairly common with single member LLCs.
by jebmke
Tue Mar 21, 2023 3:28 pm
Forum: Investing - Theory, News & General
Topic: weighted expense ratio calculation?
Replies: 9
Views: 1130

Re: weighted expense ratio calculation?

Mine shows up in Portfolio Watch. I have no idea if it is accurate but it looks right.
by jebmke
Tue Mar 21, 2023 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: 1099 income, deductions and depreciation
Replies: 16
Views: 741

Re: 1099 income, deductions and depreciation

I would start with some of the publications that are available on the IRS site. Books might be good after that but I would be careful to (a) make sure it is recent and (b) always verify what they say against IRS publications. The IRS doesn't give a whit about what the books say when they audit you.

I'd also caution to take info you get on the internet with a grain of salt. I have found that many sites are either wrong on the law or contain dated information. It can be very hard to sort out. A case in point, several years ago I had an opportunity to take a very large 1341 deduction (Claim of Right). There was a lot of misinformation on this online. I finally ended up reading the code section to validate what the law actually said.
by jebmke
Tue Mar 21, 2023 2:16 pm
Forum: Personal Consumer Issues
Topic: Macrium Reflect free edition Discontinued
Replies: 9
Views: 752

Re: Macrium Reflect free edition Discontinued

I will likely shift to the paid version. I've been using Macrium for years.
by jebmke
Tue Mar 21, 2023 2:13 pm
Forum: Personal Investments
Topic: Taxable account restructuring
Replies: 15
Views: 1653

Re: Taxable account restructuring

MrJedi wrote: Tue Mar 21, 2023 7:23 am The ironic thing is that people generally want their taxable accounts to give off LESS dividends to protect from dividend tax drag every year.
that would be me
by jebmke
Tue Mar 21, 2023 1:40 pm
Forum: Investing - Theory, News & General
Topic: What counts as an Emergency Fund?
Replies: 153
Views: 8873

Re: What counts as an Emergency Fund?

secondopinion wrote: Tue Mar 21, 2023 1:32 pm I stand corrected that emergencies cannot be major and all at once. But in this case, that is a complete exhaustion of funds. More or less, this is not something an emergency fund would have helped regardless. In fact, it helped probably that stock growth has occurred over all of those years.

There is always a risk of getting hit with a massive bill, but the question is whether it is riskier not to invest even if it does hit.
That's exactly why we ditched our EF in our early 40s
by jebmke
Tue Mar 21, 2023 11:42 am
Forum: Personal Investments
Topic: Is it ok to park some Emergency Fund in Vanguard VMFXX?
Replies: 48
Views: 4973

Re: Is it ok to park some Emergency Fund in Vanguard VMFXX?

Mike Scott wrote: Tue Mar 21, 2023 10:19 am There should be no difference in access. Plan on a minimum of two-three business days for transfers to your linked bank account which is pretty standard timing for transfers between any linked accounts.
I've seen a lot of reports with much faster ACH. I know if I issue instructions in the morning, it will hit my USAA account the next business day. From what I've seen in anecdotal reports, it seems to depend on the destination bank. That said, I wouldn't cut it close if the timing was really an issue. I can't imagine a scenario where I would need cash in the bank within one day but who knows.
by jebmke
Tue Mar 21, 2023 11:37 am
Forum: Investing - Theory, News & General
Topic: What counts as an Emergency Fund?
Replies: 153
Views: 8873

Re: What counts as an Emergency Fund?

See part I bolded above. It seems you made a risk assessment and determined job loss was not a risk for you, or at least not a risk you felt the need to insure against. I'm glad this worked out for you, but just because it worked for you doesn't mean it will for someone else. More to the point, in my case, I'd never even heard of it. I claim no process and no success. I never heard anybody use the phrase "emergency fund" until Dave Ramsey, and if I had been thinking I was planning for an emergency, it would never have occurred to me that the emergency in question is a period of unemployment (duration of which obviously I have to predict). I suppose, and I have for a long time, that everybody has to choose his own emergency. I don...