Search found 2721 matches

by neurosphere
Fri Apr 20, 2018 5:34 pm
Forum: Investing - Theory, News & General
Topic: NYT article: Everyone should hire a financial planner
Replies: 90
Views: 5829

Re: NYT article: Everyone should hire a financial planner

There may be times when you need a financial planner and times when you don't need a financial planner. But if you don't know whether you need a financial planner, you need a financial planner. 1210 I am neither disagreeing nor agreeing with this opinion. But it's certainly not one that's heard on ...
by neurosphere
Fri Apr 20, 2018 3:10 pm
Forum: Investing - Theory, News & General
Topic: NYT article: Everyone should hire a financial planner
Replies: 90
Views: 5829

Re: NYT article: Everyone should hire a financial planner

+1. And unlike WebMD, you can learn about financial planning online and be better than your "advisor" in a remarkably short time. I had to explain to one well-compensated advisor what tax loss harvesting was and why it was a priority. Agreed. And similar but different, I've had to explain to someon...
by neurosphere
Fri Apr 20, 2018 1:35 pm
Forum: Investing - Help with Personal Investments
Topic: Pay for medical school or Roth conversion
Replies: 15
Views: 772

Re: Pay for medical school or backdoor Roth

Important question I didn't see answered yet was whether you'd have any income during medical school? If not, you could convert some amount of that IRA to a Roth tax free, and/or "capital gain harvest" existing taxable investments. Also, your post is confusing because I think you are using imprecise...
by neurosphere
Fri Apr 20, 2018 12:40 pm
Forum: Investing - Theory, News & General
Topic: NYT article: Everyone should hire a financial planner
Replies: 90
Views: 5829

Re: NYT article: Everyone should hire a financial planner

If I'm reading the article correctly, it's saying that financial planners are saying everyone should hire a financial planner. Is this an article or a paid advertisement masquerading as a news article? That's what it sounded like to me, one giant advertisement, with quotes only from financial plann...
by neurosphere
Fri Apr 20, 2018 10:31 am
Forum: Investing - Theory, News & General
Topic: Where to find call dates for bonds in Vanguard Bond Funds
Replies: 7
Views: 238

Re: Where to find call dates for bonds in Vanguard Bond Funds

Macaulay Duration is the duration that mutual funds post. It is the average cash flows in years. Mutual funds use this because it is simple and has no subjective components to it. Effective duration measures interest rate sensitivity. It is much more complex and has subjective components to it. The...
by neurosphere
Fri Apr 20, 2018 9:54 am
Forum: Investing - Theory, News & General
Topic: Where to find call dates for bonds in Vanguard Bond Funds
Replies: 7
Views: 238

Re: Where to find call dates for bonds in Vanguard Bond Funds

You can tell something: bonds showed as prerefunded or escrowed to maturity have "maturity dates" that are generally the call date, not the original maturity. Edit: On reflection, it is probably only prerefunded that show the call date as escrowed to maturity would mean the original maturity date. ...
by neurosphere
Fri Apr 20, 2018 9:25 am
Forum: Investing - Theory, News & General
Topic: Where to find call dates for bonds in Vanguard Bond Funds
Replies: 7
Views: 238

Where to find call dates for bonds in Vanguard Bond Funds

I'm doing some self education about bond funds, such as working my way through the various formulas used to calculate effective duration for bond funds. Along the way, I (re) realized how big a difference there is between the average maturity and the effective duration in some of Vanguards long term...
by neurosphere
Thu Apr 19, 2018 9:32 pm
Forum: Investing - Theory, News & General
Topic: Lack of FDIC Insurance a big deal?
Replies: 39
Views: 2987

Re: Lack of FDIC Insurance a big deal?

That was an intrinsically risky situation and to protect the system, among other regulations, "regulation Q" put a cap on how much interest banks could pay. At one point, IIRC, the cap was 5-1/2% for commercial banks, 5-3/4% for S&L's, and 6% for credit unions. Unable to compete on interest rates, ...
by neurosphere
Thu Apr 19, 2018 12:58 pm
Forum: Investing - Theory, News & General
Topic: Muni Money Market funds starting to look good!
Replies: 111
Views: 18940

Re: Muni Money Market funds starting to look good!

Voltron wrote:
Thu Apr 19, 2018 12:51 pm
I always see posters create nice graphs. What resource do use to create the graph? Visualization is helpful.

What I want to do is create a graph for example a California resident in different federal tax brackets. It might help me decide my goals.
I used excel 2016.
by neurosphere
Thu Apr 19, 2018 9:23 am
Forum: Investing - Theory, News & General
Topic: Muni Money Market funds starting to look good!
Replies: 111
Views: 18940

Re: Muni Money Market funds starting to look good!

Just for fun, I plotted the SEC yields for the Vanguard NY Municipal bond fund vs those for the Limited and Short Term Tax Exempt bond funds. I converted the yields into taxable equivalent yields for the highest tax brackets for IRS and NYS/NYC (I used 37% federal and 12% NYS/NYC). I did not take in...
by neurosphere
Wed Apr 18, 2018 8:33 am
Forum: Investing - Theory, News & General
Topic: How do I properly calculate taxable yield for Vanguard Municipal Money Market?
Replies: 9
Views: 505

Re: How do I properly calculate taxable yield for Vanguard Municipal Money Market?

Here's just some basic education in tax-equivalent yields for any lurkers, and then some more info related to your specific question. Suppose you are contemplating putting $1000 away for one year. And your choices are a taxable savings account and a tax-free municipal money market. The taxable accou...
by neurosphere
Tue Apr 17, 2018 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Help me explain why pre-tax investing can help when retiring in same bracket
Replies: 83
Views: 6307

Re: Help me explain why pre-tax investing can help when retiring in same bracket

I have found myself in two social situations in as many weeks where I have needed to explain why having 100% of your assets in Roth is not the optimal asset location mix in the hypothetical case where one's withdrawal marginal rate equals one's working marginal rate (because you skim off the top wh...
by neurosphere
Mon Apr 16, 2018 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: $4,400 in AMT? sanity check, please?
Replies: 11
Views: 1465

Re: $4,400 in AMT? sanity check, please?

Also, not this this really matters once the dust settles, but we both claim 1 withholding allowance and we owe $10k this year. with a nice $93 penalty. last year we owed $1k, same withholding. again I know withholding is arbitrary and does not equate to taxes paid, but it sticks out as a red flag ....
by neurosphere
Sun Apr 15, 2018 6:12 pm
Forum: Personal Consumer Issues
Topic: Recommend airline luggage fitting in overhead bin?
Replies: 23
Views: 1858

Re: Recommend airline luggage fitting in overhead bin?

Doesn't it depend on the plane? I fly about 80 segments a year. On some flights, my bookbag barely fits into the overhead and most passengers gate-check their bags. So you should clarify the question and specify whether you just need the bag to get you through security and: 1) risk being required to...
by neurosphere
Sun Apr 15, 2018 4:32 pm
Forum: Personal Consumer Issues
Topic: 52 oz, the new orange juice size?
Replies: 21
Views: 1543

Re: 52 oz, the new orange juice size?

bob60014 wrote:
Sun Apr 15, 2018 2:54 pm
It goes along with the 5.2 Oz yogurts, less product, same or higher cost.

Now if I go to the pub and ask for a pint and they come back with a 12 Oz glass, look out!!
At least one local bar I go to gives 13oz pours. At least they don't call it a "pint". But cans = 12 oz and a draft beer is 13oz?
by neurosphere
Sat Apr 14, 2018 11:06 am
Forum: Personal Finance (Not Investing)
Topic: AMT can negate effect of state income & real estate deduction
Replies: 9
Views: 771

Re: State income taxes paid makes no difference for FY2017 Fed Liability

Last year I had also seen how with judicious choice of income, somebody could have close to 6 figures of spending money with shockingly low federal taxes by entering all other information in the tax software program before entering W2 data. Can you elaborate on this? Are you implying a bug, glitch,...
by neurosphere
Fri Apr 13, 2018 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: University 1098-T shows zero amount?
Replies: 7
Views: 481

Re: University 1098-T shows zero amount?

This is the most common question that has been emailed to me in the past several weeks, basically about incorrect 1098-Ts received. At least for medical schools, what I think is happening is that tuition is billed in December for the Jan-Jun semester which follows. For students who pay with loans or...
by neurosphere
Fri Apr 13, 2018 7:16 am
Forum: Investing - Theory, News & General
Topic: Muni Money Market funds starting to look good!
Replies: 111
Views: 18940

Re: Muni Money Market funds starting to look good!

So will it run up at the end of every quarter? I did see it run up at the end of the year and into early January and then run down throughout January. Just curious why the Muni Money Market does this and the Prime does not. This came up in another thread and I made a graph. Below is a graph of SEC ...
by neurosphere
Thu Apr 12, 2018 9:52 am
Forum: Investing - Help with Personal Investments
Topic: Inherited IRAs and Backdoor Roths
Replies: 10
Views: 332

Re: Inherited IRAs and Backdoor Roths

My understanding is that an inherited IRA, if properly titled, is not YOUR IRA at all, and is not included in the pro-rata type rules on the 8606. In fact, the 8606 instructions state that if you have a distribution from an inherited IRA that has a basis (i.e. previously taxed monies) you'll need mo...
by neurosphere
Wed Apr 11, 2018 6:12 pm
Forum: Personal Consumer Issues
Topic: Medical Records
Replies: 21
Views: 1264

Re: Medical Records

mega317 wrote:
Wed Apr 11, 2018 5:22 pm
123 wrote:
Wed Apr 11, 2018 1:57 pm
I don't think a current physician really spends much time looking at medical records from a prior physician.
This is wrong. Get your records.
Depends on the situation, but yes. Get your records.
by neurosphere
Wed Apr 11, 2018 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loan Repayment Plan
Replies: 41
Views: 1479

Re: Student Loan Repayment Plan

Spouses refusing to show income doesn't sound like "cannot reasonably access my spouse's income information" to me. I think that sentence is meant for people who are married but separated or something of the sort. Nope, there is a different option if one is legally separated from their spouse. Sepa...
by neurosphere
Wed Apr 11, 2018 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loan Repayment Plan
Replies: 41
Views: 1479

Re: Student Loan Repayment Plan

Regarding refinance to a lower interest rate, I am not too sure about that. The interest on REPAYE is simple interest while refinancing would make the interest compounding so unless you get really favorable interest rates, hard to beat the 6% simple. I think i would have to get something like 3% if...
by neurosphere
Wed Apr 11, 2018 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loan Repayment Plan
Replies: 41
Views: 1479

Re: Student Loan Repayment Plan

REPAYE I know is based on joint income. However, Navient was the one that told me they are having a problem with this because although they want to base it off of your joint income, they cannot force your spouse to share it with them. I know that sounds odd, I couldn't believe she told me this over...
by neurosphere
Wed Apr 11, 2018 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Student Loan Repayment Plan
Replies: 41
Views: 1479

Re: Student Loan Repayment Plan

In any cases, I would think he wants to stay on REPAYE either until he can pay off the entire loan or until the loan is forgiven. Right? And if available cash flow and/or minimum payments get to the point where there little chance of forgiveness, don't forget to consider the option of refinancing a...
by neurosphere
Wed Apr 11, 2018 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Student Loan Repayment Plan
Replies: 41
Views: 1479

Re: Student Loan Repayment Plan

I did the same quick and dirty analyses as you mentioned above. Assume you are making $500/month in payment however, there's $500 interest accrual and the gov't subsidize half. That's $250/monthly in interest accrued. 25 years, you have paid $500x12x25 = 150K in payment. $250x12x25 in interest and ...
by neurosphere
Wed Apr 11, 2018 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Student Loan Repayment Plan
Replies: 41
Views: 1479

Re: Student Loan Repayment Plan

Just a few additional pieces of math on the loans. At the current balance, rate and AGI, there is an annual interest subsidy of about $4000, for an effective interest rate of 4%. Any monthly payment under about $1000 will not reduce the principal, and will go only towards interest. It does not seem ...
by neurosphere
Tue Apr 10, 2018 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Help with ineligible 2016 + 2017 Roth contributions
Replies: 8
Views: 321

Re: Help with ineligible 2016 + 2017 Roth contributions

retiredjg wrote:
Tue Apr 10, 2018 4:38 pm
If they can get a benefit from married filing separately, they just have to give up their desire to contribute to Roth IRA or tIRA. It's a trade off.
Agreed! They can't change the 2016 filing status. So what's left to fix from that tax year is the (excess or ineligible) 2016 Roth contribution.
by neurosphere
Tue Apr 10, 2018 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Help with ineligible 2016 + 2017 Roth contributions
Replies: 8
Views: 321

Re: Help with ineligible 2016 + 2017 Roth contributions

Would amending their tax return(s) to mfj be less or more costly? Probably not an option, because MFS was selected in order to minimize student loan payments. I have no idea what happens if one amends returns later to MFJ. I'm not sure there is a mechanism to amend/adjust the loan payments. I'm VER...
by neurosphere
Tue Apr 10, 2018 3:51 pm
Forum: Investing - Theory, News & General
Topic: Allan Roth: Boosting Returns With Rebalancing
Replies: 11
Views: 1741

Re: Allan Roth: Boosting Returns With Rebalancing

I have evolved in the way I think about rebalancing (btw I haven't read the article). I've never put these thoughts down in words before, but let me give it a first-pass effort here, and revise if necessary. First my comparison for rebalancing is not to "not rebalancing". "Nobody" "not rebalances". ...
by neurosphere
Tue Apr 10, 2018 1:01 pm
Forum: Investing - Help with Personal Investments
Topic: Vangaurd Municipal Money Market VMSXX 1.39%
Replies: 19
Views: 2164

Re: Vangaurd Municipal Money Market VMSXX 1.39%

I'm failing to see how the Municipal fund is a better choice than the Prime for someone at the 25% bracket. The 1 year average return for VMSXX was 0.86% which is a tax-equivalent yield of 1.146% in the 25% bracket - lower than the 1.2% average 1 year return for VMMXX. Sorry, I was totally just eye...
by neurosphere
Tue Apr 10, 2018 11:58 am
Forum: Investing - Help with Personal Investments
Topic: Vangaurd Municipal Money Market VMSXX 1.39%
Replies: 19
Views: 2164

Re: Vangaurd Municipal Money Market VMSXX 1.39%

I'm pretty sure there are unlimited transfers between Vanguard's money market accounts. If you have enough in them, why not swap them back in forth as the rates change. Because when taking taxes into account, the Vanguard municipal funds still yield more than the Prime money market, for example. To...
by neurosphere
Tue Apr 10, 2018 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Help create a Financial Presentation: Calling all Bogleheads
Replies: 124
Views: 19785

Re: Help create a Financial Presentation: Calling all Bogleheads

Here is a presentation that was assembled for our local chapter (Metro-Boston). It provides a great introduction about Treasury Inflation Protected Securities (TIPS). Audience is 'General'. Format is Powerpoint. https://goo.gl/iTrE9U Great presentation. Thanks! I'm not sure I'll ever have an audien...
by neurosphere
Tue Apr 10, 2018 10:08 am
Forum: Investing - Help with Personal Investments
Topic: Vangaurd Municipal Money Market VMSXX 1.39%
Replies: 19
Views: 2164

Re: Vangaurd Municipal Money Market VMSXX 1.39%

I can't also seem to find a source for historical SEC yield data, wondering where you got this info? The distribution yield is what actually matters since that's what gets paid out but curious to see a historical comparison between the SEC yield and distribution yield. I used vanguards "historical ...
by neurosphere
Tue Apr 10, 2018 10:04 am
Forum: Personal Consumer Issues
Topic: Anyone tried a sunrise alarm clock?
Replies: 42
Views: 3191

Re: Anyone tried a sunrise alarm clock?

I'm a huge fan of using light to wake up in the mornings. Sleep medicine is one of my areas, and there is overwhelming scientific evidence that such clocks can be helpful for a lot of people (completely separate from just the fact that it's a nicer way to wake up). I'll be honest, before I did some ...
by neurosphere
Tue Apr 10, 2018 8:50 am
Forum: Personal Finance (Not Investing)
Topic: So confused about 1098-E form for student loan interest deduction on taxes?
Replies: 15
Views: 561

Re: So confused about 1098-E form for student loan interest deduction on taxes?

three of us have said yes, you can go ahead and take the deduction so long as the loan was for qualified educational expenses, and you have some form of documentation for that. It need not be the 1098E itself. What do you mean by some form of documentation that shows the loan was for qualified educ...
by neurosphere
Tue Apr 10, 2018 8:30 am
Forum: Personal Finance (Not Investing)
Topic: So confused about 1098-E form for student loan interest deduction on taxes?
Replies: 15
Views: 561

Re: So confused about 1098-E form for student loan interest deduction on taxes?

three of us have said yes, you can go ahead and take the deduction so long as the loan was for qualified educational expenses, and you have some form of documentation for that. It need not be the 1098E itself. What do you mean by some form of documentation that shows the loan was for qualified educ...
by neurosphere
Tue Apr 10, 2018 8:26 am
Forum: Investing - Help with Personal Investments
Topic: Vangaurd Municipal Money Market VMSXX 1.39%
Replies: 19
Views: 2164

Re: Vangaurd Municipal Money Market VMSXX 1.39%

The ends of the last 2 quarters were preceded by hikes in the FFR just a couple weeks before those ends. I would expect the same kind of hike in June before the end of this quarter. That's a good point. And I'll note that this known end-of-quarter effect is usually described as extra volatility , a...
by neurosphere
Tue Apr 10, 2018 8:02 am
Forum: Investing - Help with Personal Investments
Topic: Vangaurd Municipal Money Market VMSXX 1.39%
Replies: 19
Views: 2164

Re: Vangaurd Municipal Money Market VMSXX 1.39%

After some research, it seems this quarter-end effect is a well known thing for money market funds. I learn something every day! Best I can tell, at the end of the quarter there is decreased supply of the underlying financing instruments. This leads to increased volatility around quarter end. Accord...
by neurosphere
Tue Apr 10, 2018 7:42 am
Forum: Investing - Help with Personal Investments
Topic: Vangaurd Municipal Money Market VMSXX 1.39%
Replies: 19
Views: 2164

Re: Vangaurd Municipal Money Market VMSXX 1.39%

I plotted the SEC yield vs date for the past two years:

Image

The obvious peaks occurred on Oct 14, Jan 3, April 27, July 6, Oct 9, Jan 3 and "today".
by neurosphere
Tue Apr 10, 2018 7:38 am
Forum: Investing - Help with Personal Investments
Topic: Vangaurd Municipal Money Market VMSXX 1.39%
Replies: 19
Views: 2164

Re: Vangaurd Municipal Money Market VMSXX 1.39%

Says 1.40 on Vanguard web site now. Does that mean you expect this to drop going forward? Seems like all rates only going up, including some of my online savings accounts. They did the same thing at the end of last quarter. I'm just saying the YTD/last year numbers probably provide a better estimat...
by neurosphere
Tue Apr 10, 2018 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Help with ineligible 2016 + 2017 Roth contributions
Replies: 8
Views: 321

Help with ineligible 2016 + 2017 Roth contributions

Hi all, I recently gave a financial literacy lecture in Boston and have been conducting virtual "office hours" as I usually do and came across this situation that I want to talk through "out loud" and get some feedback, both in order to help this young couple communicate efficiently with their CPA a...
by neurosphere
Mon Apr 09, 2018 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: So confused about 1098-E form for student loan interest deduction on taxes?
Replies: 15
Views: 561

Re: So confused about 1098-E form for student loan interest deduction on taxes?

Ok thanks. I'm just still confused if I can take the standard interest loan deduction on my taxes without having a Form W-9S on file with a loan company. My answer: YES. Let me take a stab at this: The W9S instructions say "If your loan is a student loan incurred solely to pay for qualified higher ...
by neurosphere
Sun Apr 08, 2018 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Physicians: pay off student loans or wait?
Replies: 10
Views: 1101

Re: Physicians: pay off student loans or wait?

EXPECTING others to pay off your loans is just not in my mentality. I think it's reasonable for one to attempt to maximize their compensation. Compensation from employers comes in many forms. Loan repayment, moving expenses, providing health insurance, etc. By paying off loans now, in certain cases...
by neurosphere
Sun Apr 08, 2018 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Physicians: pay off student loans or wait?
Replies: 10
Views: 1101

Re: Physicians: pay off student loans or wait?

Some hospitals will offer extra money/salary to go to student loans as an inducement to employment. Often, the same cash bonus or retention loan can be negotiated regardless of student loan status. But I have indeed seen cases where those with loans get some "extra". In my personal experiences in ru...
by neurosphere
Sat Apr 07, 2018 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: Physicians: pay off student loans or wait?
Replies: 10
Views: 1101

Re: Physicians: pay off student loans or wait?

... I see many places that offer (up to 160K in loan forgiveness). Can you elaborate on what you "see"? In general, the loan forgiveness offered by employers is not a federal program, but rather a type of "perk". The hospital/employer pays for it, similar to paying moving or relocation expenses. As...
by neurosphere
Fri Apr 06, 2018 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about loan forgiveness program (PAYE - Pay As You Earn Plan)?
Replies: 5
Views: 341

Re: Questions about loan forgiveness program (PAYE - Pay As You Earn Plan)?

The federal student loan site will answer your questions, and previous posters have already provided come info. But here are my contributions and clarifications. If you are eligible and using PAYE, then your income for the purposes of determining your payments will be either only the borrowers incom...
by neurosphere
Tue Apr 03, 2018 12:12 pm
Forum: Investing - Help with Personal Investments
Topic: Any seasoned advisors to discuss best sectors/mutual funds for market out-performance?
Replies: 93
Views: 4443

Re: Any seasoned advisors to discuss best sectors/mutual funds for market out-performance?

I don't think there would be any actively managed or leveraged funds if everyone was satisfied market indexed returns. Index fund matching market returns (minus a tiny fee) beat 75% to 90% of actively managed funds. Those who invest in active funds* are those who do not understand or know about the...
by neurosphere
Tue Apr 03, 2018 12:06 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice: Bonds in taxable account (short time in California)
Replies: 9
Views: 880

Re: Portfolio advice: Bonds in taxable account (short time in California)

I am still awaiting advice on Bond funds in taxable account. VCAIX vs VWITX vs VTEAX? We are leaving California in about a year. See above for portfolio. Short answers: -- Not a fan of a indexed funds for tax-exempt bonds -- RE: california bond fund, doesn't matter much. In the short term you (may)...
by neurosphere
Mon Apr 02, 2018 12:31 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice: Bonds in taxable account (short time in California)
Replies: 9
Views: 880

Re: Portfolio advice: Public Service Loan Forgiveness/Retirement

Voluntarily pay all student loan interest? I have had the recommendation to pay the student loan interest on our loans every year to prevent them from being recapitalized as a hedge against not having forgiveness. This would increase SL payment to ~3k monthly from minimum ~1k monthly. Would love to...
by neurosphere
Mon Apr 02, 2018 10:18 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice: Bonds in taxable account (short time in California)
Replies: 9
Views: 880

Re: Portfolio advice: Public Service Loan Forgiveness/Retirement

My thoughts on your loan situation. Absolutely to NOT pay anything towards your loans! If you get PSLF, all that money is wasted. If you DON'T get PSLF, then anything put towards interest now is also wasted, because it does not reduce the rate of interest accrual. If desired, you should simply put a...