Search found 504 matches

by tj-longterm
Wed Mar 18, 2020 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Wash sale rules for trusts
Replies: 12
Views: 552

Re: Wash sale rules for trusts

Gill wrote: Tue Mar 17, 2020 4:37 pm No, the trust is a completely separate taxpayer. Aren't you just the income beneficiary of the trust?
Gill
In one case, I believe the taxpayer is the still living grantor.
by tj-longterm
Tue Mar 17, 2020 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Wash sale rules for trusts
Replies: 12
Views: 552

Wash sale rules for trusts

I've finally (yay?) reached the point where I can take major tax loss harvest actions. However, the exchanges I would like to do seem like they potentially conflict with wash sale rules across accounts. For example, I'd like to exchange All World Ex-US for Total International. However, I am one of a...
by tj-longterm
Fri Sep 13, 2019 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: Medical expense deduction documentation
Replies: 16
Views: 1375

Medical expense deduction documentation

I'm planning to claim a large amount of medical expenses for 2018 (we haven't filed yet, just the extension), because we spent a ton on medical care that year (unfortunately). We exceed the standard deduction and the minimum medical expense amount with our deductions. However, these medical expenses...
by tj-longterm
Wed Sep 11, 2019 4:06 pm
Forum: Personal Investments
Topic: Is this a bad time to buy shares of a bond index fund?
Replies: 20
Views: 3005

Re: Is this a bad time to buy shares of a bond index fund?

It seems like it could be. But since the last time I thought that, not that long ago when everyone expected rates to all start going up, my bond funds have all made nice profits 😂

Rates could certainly go down, or may just not change for a long long time.

So 🤷‍♂️
by tj-longterm
Thu Sep 05, 2019 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Changing password, necessary on private network?
Replies: 8
Views: 609

Re: Changing password, necessary on private network?

The reasoning behind changing passwords frequently is not strong. But, accessing from home doesn’t fully protect an account. There are three main ways you are vulnerable: 1) your computer gets malware and your passwords are stolen as you enter them 2) you click a phishing link and enter your passwor...
by tj-longterm
Tue Jul 23, 2019 11:41 am
Forum: Personal Consumer Issues
Topic: Enhanced Multi-factor authentication for Vanguard
Replies: 9
Views: 1346

Re: Enhanced Multi-factor authentication for Vanguard

This article doesn’t really offer any evidence that the PIN code didn’t provide protection. It never actually stated whether the author used one or that it was relevant in this case. Additionally, his phone number was not hijacked and his service was successfully restored indicating a system that a...
by tj-longterm
Mon Jul 22, 2019 8:26 pm
Forum: Personal Consumer Issues
Topic: Enhanced Multi-factor authentication for Vanguard
Replies: 9
Views: 1346

Re: Enhanced Multi-factor authentication for Vanguard

I'm not sure the support is 100% pointless -- it provides evidence that you worked hard to secure the account. If someone gets your login and password, but is unable to login with the Yubikey and gets in using the significantly more insecure SMS method, I think it'll help your case in arguing who sh...
by tj-longterm
Mon Jul 22, 2019 7:57 pm
Forum: Personal Investments
Topic: Are Bonds Still Necessary Ballast in a Long-Term Trust Fund?
Replies: 33
Views: 2652

Re: Are Bonds Still Necessary Ballast in a Long-Term Trust Fund?

If this is an irrevocable trust, keep in mind that it's subject to basically the maximum tax rates. As such, you should possibly be considering munis over Total Bond. And, the "rebalancing" bonus is probably much smaller because the taxes of rebalancing may eliminate any rebalancing bonus. So, do yo...
by tj-longterm
Sun Jul 07, 2019 1:12 pm
Forum: Personal Investments
Topic: Retiree with no retirement accounts
Replies: 34
Views: 4835

Re: Retiree with no retirement accounts

OP, do you know how much their nest egg was when they retired and how long it lasted? I'm curious, if you don't mind. I'm not fully clear on all of this. They survived in large part on SS and Veterans benefits, as well as some additional part time work that he did on the side up until he died, as w...
by tj-longterm
Sun Jul 07, 2019 1:06 pm
Forum: Personal Investments
Topic: Retiree with no retirement accounts
Replies: 34
Views: 4835

Re: Retiree with no retirement accounts

Thank you for the excellent suggestions and also the idea that it may be beneficial for her to spend down some of her assets. I hadn't considered that possibility. Obviously, as someone else brought up, we especially need to factor in "what happens to us?" if she spends down her assets. My summary o...
by tj-longterm
Sun Jul 07, 2019 8:33 am
Forum: Personal Investments
Topic: Retiree with no retirement accounts
Replies: 34
Views: 4835

Re: Retiree with no retirement accounts

Two points. With the money from the house sale, she has money to pay rent without your help. At some future point, if she goes completely through that money, then certainly you could help her out. Why tie money up in a CD? Put it into a high yield account like Redneck (2.4% on $50k) which will be v...
by tj-longterm
Sun Jul 07, 2019 8:21 am
Forum: Personal Investments
Topic: Retiree with no retirement accounts
Replies: 34
Views: 4835

Retiree with no retirement accounts

I’m helping a relative (78 years old) figure out her finances after the death of her husband. Before his death, they managed to spend all of their retirement account savings ( :shock: ) and were living just on their social security and veterans benefits. When he died, that meant his social security ...
by tj-longterm
Fri Jun 21, 2019 11:25 am
Forum: Personal Investments
Topic: Opening a 529 for grandson
Replies: 8
Views: 463

Re: Opening a 529 for grandson

If it's a living (and not an irrevocable) trust, I'm not aware of an advantage to trying to have your living trust own the 529. Was there a particular reason you were thinking about doing it this way?
by tj-longterm
Wed Apr 03, 2019 11:08 am
Forum: Personal Investments
Topic: allocation change with "winning the game"
Replies: 39
Views: 4016

Re: allocation change with "winning the game"

There's no such thing as a 0% chance of failure. My personal belief is that if you believe you've "won the game," then treat a significant portion of your portfolio very conservatively and almost separately. This amount should be enough that if everything else went wrong, you wouldn't regret the amo...
by tj-longterm
Wed Apr 03, 2019 10:55 am
Forum: Investing - Theory, News & General
Topic: Allocation tracking tools?
Replies: 6
Views: 365

Re: Allocation tracking tools?

Thank you for the suggestions! A couple of these are new (or new to me) since I last looked. Maybe one of them will be "close enough" that I can stop dealing with a spreadsheet.
by tj-longterm
Wed Apr 03, 2019 9:54 am
Forum: Investing - Theory, News & General
Topic: Allocation tracking tools?
Replies: 6
Views: 365

Allocation tracking tools?

What does everyone use to track their personal portfolio allocations? When I first started investing, I used Quicken, and quickly learned it wasn't very great and didn't let me categorize things the way I wanted. Although I have somewhat simple portfolios, it's complicated by legacy low-cost basis s...
by tj-longterm
Tue Nov 06, 2018 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Catastrophic vs Bronze health plan for 25-28 year olds
Replies: 3
Views: 418

Re: Catastrophic vs Bronze health plan for 25-28 year olds

$30/mo difference is probably not worth losing sleep over and if you don’t have much in savings it might not be a bad expenditure in insurance. However, if you want to optimize, ask the following questions: 1) what is the worst case expenditure under each plan? Can you afford it? How much sleep will...
by tj-longterm
Wed Jun 13, 2018 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Using donor advised fund to diversify stock with large capital gains
Replies: 41
Views: 3361

Using donor advised fund to diversify stock with large capital gains

In addition to our regular Bogleheads-style portfolio, we are lucky enough to have a single stock (as a result of work) that has substantially appreciated -- nearly 100% of the value is capital gains. Our long term financial plan does not require the sale of this stock to fund our lifestyle or retir...
by tj-longterm
Fri Jun 08, 2018 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Best banks for checking accounts?
Replies: 33
Views: 5435

Best banks for checking accounts?

I and my family have been non-military USAA checking account holders for years, but because they limit functionality for non-military members (like overdraft protection), I'm considering leaving. Interest rates are low enough that it's not a concern, but I care about: - easy/fast transfers between f...
by tj-longterm
Sun Jun 26, 2016 7:45 am
Forum: Non-US Investing
Topic: Relative moving back to Russia, maintaining US account
Replies: 4
Views: 937

Relative moving back to Russia, maintaining US account

A close relative of mine is aging and has decided to move back to Russia in order to live near family members who aren't able to obtain permission to visit the US. She is a dual US/Russian citizen, and will be returning solely with the proceeds of the sale of a house and social security benefits (fr...
by tj-longterm
Sun Jun 26, 2016 7:34 am
Forum: Personal Investments
Topic: Vanguard cost basis information suddenly "not available online"
Replies: 12
Views: 2031

Re: Vanguard cost basis information suddenly "not available online"

Same issue here. Luckily I track it all separately in a spreadsheet, but I was hoping to verify my information today and was not able to do so.

Count it as a lesson to not rely on your broker's cost basis information :annoyed
by tj-longterm
Mon Jun 08, 2015 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: How risky is real estate (especially New York City real estate)?
Replies: 26
Views: 8818

How risky is real estate (especially New York City real estate)?

I have a good sense for the risk of the various aspects of my retirement portfolio, but little sense for just how risky real estate is. This is of particular concern to me, because I live in New York City, and am currently a renter. We thought about buying a few years ago, and now most places around...
by tj-longterm
Sat Apr 04, 2015 7:28 am
Forum: Personal Investments
Topic: No AA for the wealthy ?
Replies: 25
Views: 3514

Re: No AA for the wealthy ?

Theory (and data) would tend to suggest that you'll get higher total returns with some percent allocated to bonds. Having bonds is not *just* about reducing risk, it's also about increasing returns.
by tj-longterm
Fri Apr 03, 2015 9:10 am
Forum: Personal Investments
Topic: Getting a brokerage to convert Vanguard fund to admiral
Replies: 4
Views: 809

Re: Getting a brokerage to convert Vanguard fund to admiral

The conversion is a tax free event. Vanguard website has a page titled, Wondering how to convert to Admiral shares? Institutional shareholders may contact Vanguard for instructions on making the conversion. Yes, I've done this conversion at Vanguard before but the issue is getting the broker to fig...
by tj-longterm
Fri Apr 03, 2015 7:53 am
Forum: Personal Investments
Topic: Getting a brokerage to convert Vanguard fund to admiral
Replies: 4
Views: 809

Getting a brokerage to convert Vanguard fund to admiral

I manage an account outside of Vanguard (for a variety of reasons beyond my control), but it's invested in Vanguard funds. In particular, it's invested in Vanguard Long-Term Tax-Exempt Investor shares, but the brokerage also offers Vanguard Long-Term Tax-Exempt Admiral shares. Should it be possible ...
by tj-longterm
Wed Feb 25, 2015 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: Checking alternatives to USAA (non-military)
Replies: 8
Views: 2343

Re: Checking alternatives to USAA (non-military)

Thank you for the responses. I did in fact completely miss the very recent thread (I had found some much older ones). Thank you again for your thoughts!
by tj-longterm
Wed Feb 25, 2015 7:29 am
Forum: Personal Finance (Not Investing)
Topic: Checking alternatives to USAA (non-military)
Replies: 8
Views: 2343

Checking alternatives to USAA (non-military)

Hi, Although I'm grandfathered into a USAA checking plan, our family doesn't quality for most USAA services (our parents may have been in the military, but they won't sign up for USAA). I love a lot about USAA -- helpful customer service representatives, ATM fee credits, simple website with a lot of...
by tj-longterm
Tue Sep 09, 2014 7:16 am
Forum: Personal Finance (Not Investing)
Topic: Receiving Inheritance Distribution, Move to Avoid Tax?
Replies: 22
Views: 2896

Re: Receiving Inheritance Distribution, Move to Avoid Tax?

The person who you need to talk to is an account, lawyer, or the manager or trustee of the trust (in other worlds, not us!). You need to know the tax liability you face. It's likely small and not worth moving to save a few thousand dollars (your moving expenses may be greater). Frankly, even at a go...
by tj-longterm
Thu Aug 28, 2014 7:10 am
Forum: Personal Investments
Topic: Angel Investing
Replies: 6
Views: 1286

Re: Angel Investing

You don't have to apply. When you sign the investing paperwork, generally you just sign that you meet the requirements and that's it. I will caution you that if you talk to most professional angel investors who have been doing this a while they will tell you not to go into angel investing to make mo...
by tj-longterm
Fri Aug 08, 2014 7:55 am
Forum: Personal Finance (Not Investing)
Topic: Finding witnesses for a trust document
Replies: 31
Views: 9164

Re: Finding witnesses for a trust document

We had our bank (Wells Fargo) provide our notary, but they refused to provide any witnesses :?

Maybe I'll try asking again, or trying some other types of offices. I don't mind paying for it, I just want the documents to be valid!
by tj-longterm
Fri Aug 08, 2014 7:42 am
Forum: Personal Finance (Not Investing)
Topic: Finding witnesses for a trust document
Replies: 31
Views: 9164

Finding witnesses for a trust document

My wife and I need to amend some trust documents and we're supposed to have two witnesses sign off on them. However, we're very private about our finances and would rather not have friends or co-workers be witnesses to the legal documents. For various reasons, we've been advised that family members ...
by tj-longterm
Tue Apr 08, 2014 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: Should VG's Tax-Exempt funds be adjusted for % in your state
Replies: 4
Views: 569

Re: Should VG's Tax-Exempt funds be adjusted for % in your s

Thanks sscritic.

After lots of searching, I finally found this document, which may be useful to others because I don't believe Vanguard sent it to me: https://personal.vanguard.com/pdf/inbst_012014.pdf
by tj-longterm
Tue Apr 08, 2014 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Should VG's Tax-Exempt funds be adjusted for % in your state
Replies: 4
Views: 569

Should VG's Tax-Exempt funds be adjusted for % in your state

I owned some of Vanguard's tax-exempt bond funds last year and live in NY. Although I didn't consider this originally, according to the prospectus, greater than 5% of the fund is in NY muni bond funds. Does this mean that some portion of these funds is also tax exempt in New York? Where can I find t...
by tj-longterm
Mon Mar 03, 2014 5:30 pm
Forum: Personal Investments
Topic: Vanguard 1099-B - "long term" loss reported for 5 month hold
Replies: 9
Views: 1083

Re: Vanguard 1099-B - "long term" loss reported for 5 month

Did you sell any of the same securities around April 2013? If you had a wash sale, the purchase date (for tax purposes) and cost basis of the April 2013 purchase gets adjusted. Indeed, this is apparently the case. I thought I understood how wash sales were reported, but apparently was mistaken as I...
by tj-longterm
Sun Mar 02, 2014 2:23 pm
Forum: Personal Investments
Topic: Vanguard 1099-B - "long term" loss reported for 5 month hold
Replies: 9
Views: 1083

Re: Vanguard 1099-B - "long term" loss reported for 5 month

What are the purchase and sale dates on the 1099B. Do they match your records? Sale date is in october 2013, acquisition date is in april 2013. This matches the online vanguard records and the confirmation PDF for the sale on that date in october. It specifically shows Cost basis lot detail of Spec...
by tj-longterm
Sun Mar 02, 2014 1:47 pm
Forum: Personal Investments
Topic: Vanguard 1099-B - "long term" loss reported for 5 month hold
Replies: 9
Views: 1083

Vanguard 1099-B - "long term" loss reported for 5 month hold

I use Specific ID for all my sales at Vanguard. I sold a Tax-Exempt fund last year for a lot purchased less than 6 months before (at a loss). It's showing up at a "long-term" transaction both in the 1099-B (reported to IRS section) and on Vanguard's cost basis section. Is this possible that it's con...
by tj-longterm
Sun Feb 16, 2014 11:10 am
Forum: Investing - Theory, News & General
Topic: Prove to relative that indexing would have been better
Replies: 17
Views: 1689

Re: Prove to relative that indexing would have been better

I appreciate the concerns about alienating this person. I'm inclined to continue despite this risk because: 1) I care about the other beneficiaries 2) I think this person is willing to listen to the right facts -- as simple as some of this sounds to many of us, it's not simple -- and I have seen him...
by tj-longterm
Sun Feb 16, 2014 9:22 am
Forum: Investing - Theory, News & General
Topic: Prove to relative that indexing would have been better
Replies: 17
Views: 1689

Prove to relative that indexing would have been better

One of my relatives is an educated, intelligent person with a semi-formal finance and investing background. He invests his own assets... as well as the assets (high 7 figures) of a trust for which a number of his other relatives (not me) are (or will be) beneficiaries. About 20% of the investments a...
by tj-longterm
Sat Oct 19, 2013 11:06 am
Forum: Investing - Theory, News & General
Topic: Good occasional sources of Boglehead-like reading/updates
Replies: 1
Views: 397

Good occasional sources of Boglehead-like reading/updates

Hi all, I love this forum (I've been here since at least 2007, and probably longer at the old location), but when I started at had lots of time: I spent countless hours reading investment books, studying investment and reading and posting here. I made a solid IPS that has rarely been revised, sat th...
by tj-longterm
Fri Aug 16, 2013 8:01 pm
Forum: Personal Investments
Topic: How big a difference between All World and Total Intl anyway
Replies: 6
Views: 962

How big a difference between All World and Total Intl anyway

Ive long been (very slightly) regretting my decision to own VEU (All World Ex-US) instead of VXUS (Total International) because of its lack of small caps. While doing my semi-annual review of my portfolio recently, I realized that I have only about a 5% gain in my VEU holdings (equating to a little ...
by tj-longterm
Tue Jul 16, 2013 8:50 am
Forum: Investing - Theory, News & General
Topic: Article suggests "differentiated" asset locations superior
Replies: 7
Views: 1480

Re: Article suggests "differentiated" asset locations superi

Id bet you a virtual beer that their idea involves permanent insurance. Not sure what you mean -- they give an example of a differentiated portfolio in the blog post, and specifically recommend against whole life. It's simply a different method of allocating assets between retirement and taxable ac...
by tj-longterm
Tue Jul 16, 2013 7:28 am
Forum: Investing - Theory, News & General
Topic: Article suggests "differentiated" asset locations superior
Replies: 7
Views: 1480

Article suggests "differentiated" asset locations superior

For investors with primarily taxable, not tax-sheltered investments, a new article suggests the differentiated asset location is better than segregating tax-inefficient asset classes into retirement accounts: https://blog.wealthfront.com/differentiated-asset-location-a-case-for-certain-young-investo...
by tj-longterm
Sat Jun 29, 2013 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Are no foreign purchase fees on credit cards a scam?
Replies: 16
Views: 5084

Re: Are no foreign purchase fees on credit cards a scam?

But how true is this? Can't the card issuer just set the forex rate to be a bit more unfavorable (to the consumer) relative to their other cards that charge a fee for foreign transactions? In this way the usual 2-3% fee that most cards have is built into the less favorable exchange rates for these ...
by tj-longterm
Fri Jun 28, 2013 7:28 am
Forum: Personal Finance (Not Investing)
Topic: Solo 401k - same EIN used for nanny? [solved]
Replies: 6
Views: 923

Re: Solo 401k - same EIN used for nanny?

I would suspect that the Solo 401K EIN should match your Schedule C. In this case, it's likely your SSN. Also, could you use your personal social security # as the owner of the plan? Vanguard explicitly says that SSNs aren't allowed. Is the nanny a W-2 employee of the EIN you want to open the I401K...
by tj-longterm
Thu Jun 27, 2013 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401k - same EIN used for nanny? [solved]
Replies: 6
Views: 923

Solo 401k - same EIN used for nanny? [solved]

I'm considering contributing to a profit-sharing individual 401k for some consulting work I've been doing, and I'm required to provide an EIN. I don't have anything incorporated (most of the work I'm doing is subcontracting and low-risk so I haven't spend the time to do this), so I figured I could d...
by tj-longterm
Mon Jun 24, 2013 7:24 pm
Forum: Personal Investments
Topic: Should I Tax Harvest a LT Muni Bond Fund?
Replies: 7
Views: 1301

Re: Should I Tax Harvest a LT Muni Bond Fund?

I wouldn't TLH to a shorter fund, locking in losses, unless there is no other option. You're basically market-timing too late if you decide to shorten duration only after things get ugly ;) Fear of "locking in losses" is just bad psychology. If you held only cash and were buying bonds today, would ...
by tj-longterm
Thu Jun 20, 2013 9:03 pm
Forum: Personal Investments
Topic: Sell an ETF & buy equivalent mutual fund - wash sale?
Replies: 20
Views: 1753

Re: Sell an ETF & buy equivalent mutual fund - wash sale?

There is really no IRS guidance on this as far as I know.

However, Vanguard's ETFs and mutual funds are part of the same fund, so I would guess that these count as substantially identical.
by tj-longterm
Wed May 29, 2013 8:41 pm
Forum: Personal Investments
Topic: 3 Best ETF for very Lazy Portflolio strategy
Replies: 11
Views: 7712

Re: ETFs vs. Mutual Funds

I think you should consider mutual funds over ETFs, particularly if you plan regular investments: * Returns are usually better: http://www.efficientfrontier.com/ef/104/stupid.htm Taylor, this article is about comparing ETFs (in particular iShares) to Vanguard, not Vanguard Funds vs Vanguard ETFs. M...
by tj-longterm
Sat May 25, 2013 1:34 pm
Forum: Personal Investments
Topic: Muni Bond ETFs -- No Vanguard options?
Replies: 18
Views: 3334

Re: Muni Bond ETFs -- No Vanguard options?

Kevin M wrote:Why don't you just move the money to Vanguard?
It would be rather complicated and involve a change in corporate trustees, I believe. And I'm not sure that Vanguard offers trust services for self-directed (non-managed) accounts?
by tj-longterm
Sat May 25, 2013 1:02 pm
Forum: Personal Consumer Issues
Topic: Attention Mac Users - Vanguard Policy on On-line fraud
Replies: 17
Views: 3194

Re: Attention Mac Users - Vanguard Policy on On-line fraud

There's actually a very good reason that it is often recommended not to run anti-virus software on a Mac: the software runs with elevated privileges and so itself could be the target of an exploit that might not otherwise be easily possible on a Mac. Here's a good overview about malware on Macs: htt...