Search found 2061 matches

by Chip
Sun Jul 15, 2018 6:33 am
Forum: Investing - Help with Personal Investments
Topic: Should I simplify my portfolio and switch from 3 fund to 2 fund portfolio?
Replies: 22
Views: 1029

Re: Should I simplify my portfolio and switch from 3 fund to 2 fund portfolio?

Mr. Buffett said average Joe should stick to index funds. He also left this allocation for his wife, thus putting 2+2 together it makes most sense for me to do the same since I'm average Joe. You put 2+2 together and got 9. :D The recommendation for index funds is NOT a recommendation that you inve...
by Chip
Sun Jul 15, 2018 5:52 am
Forum: Investing - Help with Personal Investments
Topic: Should I simplify my portfolio and switch from 3 fund to 2 fund portfolio?
Replies: 22
Views: 1029

Re: Should I simplify my portfolio and switch from 3 fund to 2 fund portfolio?

I'm thinking maybe I could make my stock portfolio even more simple and get rid of 30% VXUS and switch it to 90% VTI and 10% BND. Why? Because American companies still have their income coming from other countries outside US. Warren Buffett also advises low cost S&P index 90% and 10% bond index for...
by Chip
Fri Jul 13, 2018 4:18 am
Forum: Personal Finance (Not Investing)
Topic: IRS CP2000 on Backdoor Roth, Did I do it right?
Replies: 22
Views: 1303

Re: IRS CP2000 on Backdoor Roth, Did I do it right?

I called the IRS, one thing they mentioned for 8606 in line 6, I need to put the balance of all my IRAs. Well, I only have a Roth IRA and I have a balance before 2016, let's say it's $40,000. He mentioned I needed to do that to satisfy this form going out. That line says only traditional and SEP, n...
by Chip
Wed Jul 11, 2018 5:49 am
Forum: Investing - Help with Personal Investments
Topic: Retirement Spending - which account?
Replies: 4
Views: 671

Re: Retirement Spending - which account?

You have 30% of your assets in taxable accounts. If you spent only from taxable at a 4% withdrawal rate it would likely last you just over 7 years (7*4%=28%), which coincidentally will be the amount of time after you retire before RMDs and SS kick in. So conceivably you could spend only from taxable...
by Chip
Tue Jul 10, 2018 4:40 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review
Replies: 5
Views: 652

Re: Portfolio Review

I had not considered excluding VBTLX in taxable. In theory, I understand thinking of the portfolio as a whole - in practice it is a little more challenging. I am not fully understanding the comment on VEXAX and need to research further. Assuming your VA tax rate is 5.75%, your total marginal tax ra...
by Chip
Mon Jul 09, 2018 8:10 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review
Replies: 5
Views: 652

Re: Portfolio Review

Hi, and welcome to the public side! Just a few quick comments as I don't have time right now to do a thorough review. Maybe later. Please excuse any curtness. Your overall allocation goals seem fine, both now and in the future. Though you may want to go ahead and move to at least 60/40 now since it ...
by Chip
Sun Jul 08, 2018 11:44 am
Forum: Personal Consumer Issues
Topic: Honda Accord Maintenance at 3 Years - Am I Getting Hosed?
Replies: 95
Views: 5297

Re: Honda Accord Maintenance at 3 Years - Am I Getting Hosed?

That is why I am asking - have a 2002 Honda and a 2006 Honda and neither have had a brake fluid flush nor have they had a caliper problem. NE environment, out in snow, no garage for these cars. Maybe you've been lucky or I've been unlucky. I note in the above post about manufacturers recommendation...
by Chip
Sun Jul 08, 2018 9:54 am
Forum: Personal Consumer Issues
Topic: Honda Accord Maintenance at 3 Years - Am I Getting Hosed?
Replies: 95
Views: 5297

Re: Honda Accord Maintenance at 3 Years - Am I Getting Hosed?

This is absolutely true and has been that way forever. Most all use the same type of fluid and the systems are mostly sealed .So why do some vehicle handbooks not require brake fluid flushes at all? Why is it that most vehicles never get a fluid flush and are absolutely fine 20 years later? Just cu...
by Chip
Sun Jul 08, 2018 5:58 am
Forum: Personal Consumer Issues
Topic: $50+ gas bill for $4 in gas?
Replies: 16
Views: 3011

Re: $50+ gas bill for $4 in gas?

Have other people noticed this trend of raising the fixed fees on utilities resulting in higher bills regardless of usage? I suspect that now that you can (at least here in IL) choose a different gas supplier other than the distributor the gas company has pushed for higher fixed fees. Welcome to th...
by Chip
Sun Jul 08, 2018 5:43 am
Forum: Personal Finance (Not Investing)
Topic: IRS letter on my 2016 return - taxes on backdoor Roth??
Replies: 10
Views: 2015

Re: IRS letter on my 2016 return - taxes on backdoor Roth??

I received one today too. By chance, did you use HR Block online for filing? Please check and make sure that the 2016 Form 8606 you filed is correct. It should look very similar to the one in this post . In particular, Lines 16-18 must be filled out and Line 18 should be zero or some relatively sma...
by Chip
Sat Jul 07, 2018 11:54 am
Forum: Personal Consumer Issues
Topic: garden hose
Replies: 46
Views: 4668

Re: garden hose

I need to replace my garden hose after 30 years plus. It is a black hose that I got at Sears. Any recommendations would be appreciated. I have those same hoses (Craftsman). The fittings on the ones I bought in the 80s started failing several years ago. I took them to Sears and they gave me complete...
by Chip
Sat Jul 07, 2018 7:07 am
Forum: Personal Consumer Issues
Topic: Replace car battery after X years or wait till it dies?
Replies: 162
Views: 19158

Re: Replace car battery after X years or wait till it dies?

Living in the midwest, and replacing my batteries only when they show signs of weakness or have actually failed, I have only once in almost 30 years driving had a battery last 6 years. 5 years is about the max, and I had one car that chewed through them every 6 months or so. When the 4-year-old bat...
by Chip
Sat Jul 07, 2018 5:53 am
Forum: Personal Finance (Not Investing)
Topic: IRS letter on my 2016 return - taxes on backdoor Roth??
Replies: 10
Views: 2015

Re: IRS letter on my 2016 return - taxes on backdoor Roth??

It appears from a few posts here that the IRS computers may be producing CP2000s for 2016 backdoor Roths that were reported correctly on returns. That seems to be the case you're describing. Here's my take on how to deal with that situation from another thread: https://www.bogleheads.org/forum/viewt...
by Chip
Thu Jul 05, 2018 2:36 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio check-up/review, advice for next major steps
Replies: 6
Views: 640

Re: Portfolio check-up/review, advice for next major steps

A couple of other thoughts: I assume you have health insurance through your employer. If there is an HSA (health savings account) compliant option you might examine that and see if it fits your situation. At 30 I had very little in medical expenses, though you may be different. An HSA would be a pla...
by Chip
Thu Jul 05, 2018 5:39 am
Forum: Investing - Help with Personal Investments
Topic: Where to put international?
Replies: 35
Views: 3438

Re: Where to put international?

I don't use total international. I've put developed large cap blend and value in taxable, EM and small cap in Roths. So my tax rates aren't relevant. But it's easy enough to use the spreadsheet and figure out the numbers for VTIAX/VXUS. I note that they are very close to VTI for the 12%/6% in tricer...
by Chip
Thu Jul 05, 2018 5:16 am
Forum: Investing - Help with Personal Investments
Topic: Where to put international?
Replies: 35
Views: 3438

Re: Where to put international?

I suppose if you live in a state that has no income tax and your income is so low that you don't pay federal income taxes either, international is more tax efficient than US. For most people, international is less tax efficient than US. OP would need to plug in his own numbers into the spreadsheet ...
by Chip
Thu Jul 05, 2018 4:49 am
Forum: Investing - Help with Personal Investments
Topic: Where to put international?
Replies: 35
Views: 3438

Re: Where to put international?

JustinR wrote:
Thu Jul 05, 2018 4:31 am
Place international in your tax-advantaged accounts.
Would you recommend that for me as well? Even though I am being PAID by the IRS (tax credit more than fund ERs plus fund taxes) to hold international in my taxable account?

As others have noted, it's not one size fits all.
by Chip
Thu Jul 05, 2018 4:20 am
Forum: Investing - Theory, News & General
Topic: Fidelity cash position
Replies: 42
Views: 4510

Re: Fidelity cash position

Are the other money market funds included in your "cash available to trade" amount? I also wonder if a cash account and a margin account are treated different or not. Yes, they are. Even better, they are considered "cash available to withdraw". At least that's my experience with FZDXX in both a tax...
by Chip
Thu Jul 05, 2018 4:05 am
Forum: Personal Finance (Not Investing)
Topic: IRS CP2000 on Backdoor Roth, Did I do it right?
Replies: 22
Views: 1303

Re: IRS CP2000 on Backdoor Roth, Did I do it right?

Normally Box 7 income on a 1099-MISC (non-employee compensation) would result in a Schedule C on your tax return. This would also result in a Schedule SE if over the income threshold.

There are some exceptions to this, but it would depend on the particular facts of the situation.
by Chip
Wed Jul 04, 2018 3:54 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio check-up/review, advice for next major steps
Replies: 6
Views: 640

Re: Portfolio check-up/review, advice for next major steps

Are there any specific records to keep besides knowing what was contributed, converted, and reinvested? Your contributions are shown on Form(s) 5498 that your IRA custodian sends out each year. Your conversions are also documented there. Plus you have your tax returns that show the conversions, non...
by Chip
Wed Jul 04, 2018 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: IRS CP2000 on Backdoor Roth, Did I do it right?
Replies: 22
Views: 1303

Re: IRS CP2000 on Backdoor Roth, Did I do it right?

schrute wrote:
Wed Jul 04, 2018 2:01 pm
Got it. It's a 1099-MISC so I think I can treat it as misc income, I've done in years past rather than Schedule SE.
Yes, that makes sense. I assume the income is in Box 3 of the 1099-MISC and not in Box 7?
by Chip
Wed Jul 04, 2018 2:02 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio check-up/review, advice for next major steps
Replies: 6
Views: 640

Re: Portfolio check-up/review, advice for next major steps

It looks like you've done an excellent job of putting the principles you read about here into practice. Any suggestions I make are really just fine tuning. Your allocations and asset locations look just about perfect. As to your questions: 1. Not an issue. 2. I would make the switch. You already hav...
by Chip
Wed Jul 04, 2018 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: IRS CP2000 on Backdoor Roth, Did I do it right?
Replies: 22
Views: 1303

Re: IRS CP2000 on Backdoor Roth, Did I do it right?

Ah, thanks for the response here! The form CP2000 has some income I earned (from AdSense on a 1099) which I didn't record, it was small and I don't contest that part. Is it possible to contest in part and accept in part the tax due? I think so, by saying in your response that you agree with X and d...
by Chip
Wed Jul 04, 2018 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: IRS CP2000 on Backdoor Roth, Did I do it right?
Replies: 22
Views: 1303

Re: IRS CP2000 on Backdoor Roth, Did I do it right?

Thanks. I read the other threads from folks, it seems around how to enter into TT. I actually couldn't find any with screenshots of the "correct" 8606 form or how it should look. Here's a screen shot (Step 5) of a Form 8606 from The Finance Buff (member tfb here). He also produced a nice series of ...
by Chip
Wed Jul 04, 2018 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: IRS CP2000 on Backdoor Roth, Did I do it right?
Replies: 22
Views: 1303

Re: IRS CP2000 on Backdoor Roth, Did I do it right?

One thing, on the front page of the 1040 in box 15a I have 5,500 (IRA distributions). 15b then has 0 (no taxable amount) . I imagine that part is also correct? Yes, that part is also correct. As I mentioned in another recent thread, your return may be exactly correct yet you get a letter due to an ...
by Chip
Tue Jul 03, 2018 5:09 am
Forum: Personal Finance (Not Investing)
Topic: Health Insurance for Retirees, % escalation
Replies: 34
Views: 2343

Re: Health Insurance for Retirees, % escalation

Megacorp retiree premiums for us have increased an average of 5.2%/year since 2002. I think that the company policy has been that retirees pay 1/3 of the actual premium cost while Megacorp pays 2/3. This obviously doesn't include changes to the plan, which have generally been to shift more cost to t...
by Chip
Tue Jul 03, 2018 3:58 am
Forum: Personal Finance (Not Investing)
Topic: IRS inquiry regarding backdoor Roth
Replies: 13
Views: 1993

Re: IRS inquiry regarding backdoor Roth

Okay, I did find some of those earlier threads. I should reiterate that my Turbo Tax generated 8606 looks exactly like The Finance Buff blog post I linked in the OP and my situation fits the form. I'm not sure what triggered the IRS letter. My TurboTax generated Form 8606 Line 8 is blank. But the I...
by Chip
Fri Jun 22, 2018 5:20 am
Forum: Personal Consumer Issues
Topic: Outdoor Wooden Steps Repair?
Replies: 19
Views: 1204

Re: Outdoor Wooden Steps Repair?

I agree with those who say wood filler is a bad idea. It will almost certainly flake off very quickly. The quick fix is the earlier suggestion to clean it up with a sharp chisel and sandpaper, then restain. If you smooth out the gouge so that there aren't any obvious jagged edges your eye won't be d...
by Chip
Thu Jun 21, 2018 1:19 pm
Forum: Investing - Help with Personal Investments
Topic: Early retirement myth
Replies: 14
Views: 1519

Re: Early retirement myth

It irritates me about the same amount as people who say "I'm a vegetarian plus I eat chicken and fish". :P
by Chip
Thu Jun 21, 2018 5:58 am
Forum: Personal Finance (Not Investing)
Topic: Paper tax return filed at deadline - still no refund 7 weeks later
Replies: 25
Views: 2038

Re: Paper tax return filed at deadline - still no refund 7 weeks later

md&pharmacist wrote:
Wed Jun 20, 2018 5:13 pm
If you can't get this, how can you possibly get my higher level recommendations? :confused
It isn't a bug, it's a feature.
by Chip
Thu Jun 21, 2018 5:45 am
Forum: Investing - Help with Personal Investments
Topic: Left Betterment, Need help simplifying portfolio in Vanguard
Replies: 10
Views: 1745

Re: Left Betterment, Need help simplifying portfolio in Vanguard

VEA - VANGUARD FTSE DEVELOPED MKTS ETF (VEA) vs Vanguard Total International Stock ETF (VXUS Which one is more diversified? VXUS is more diversified because it owns stocks from both developed markets like Canada and Germany as well as emerging markets like China and South Korea. VEA only owns stock...
by Chip
Wed Jun 20, 2018 1:58 pm
Forum: Investing - Help with Personal Investments
Topic: How to shelter 500k
Replies: 11
Views: 1429

Re: How to shelter 500k

To add to Jack FFR1846's post, you can't contribute to any kind of IRA unless you have "qualifying compensation", which usually means earned income like wages, salary or self employment earnings. Dividends, interest and capital gains don't count. You're about as tax efficient as you can get. I would...
by Chip
Wed Jun 20, 2018 1:50 pm
Forum: Personal Consumer Issues
Topic: dryer vent cleaning--your thoughts?
Replies: 44
Views: 6596

Re: dryer vent cleaning--your thoughts?

I cleaned my dryer exhaust duct a while back after too many years. It's a short, straight run of metal flex hose so it wasn't bad at all. However, while I had the dryer out from the wall I did some minor disassembly and cleaned the internal duct work. It was about half clogged with lint & debris (in...
by Chip
Wed Jun 20, 2018 12:49 pm
Forum: Forum Issues and Administration
Topic: Is there a way to block someone?
Replies: 22
Views: 3110

Re: Is there a way to block someone?

Sandtrap wrote:
Wed Jun 20, 2018 10:05 am
Eggads!
I hope I'm not this fellow. :shock:
It's not you, trust me.
by Chip
Wed Jun 20, 2018 5:09 am
Forum: Investing - Help with Personal Investments
Topic: 9 Mutual Funds Asset Allocation Help
Replies: 23
Views: 1364

Re: 9 Mutual Funds Asset Allocation Help

I agree with the recommendation for a 3 fund portfolio. Though many here recommend exposure to small stocks and value stocks, that is a decision you should come to on your own after MUCH research. Note that the Victory Sycamore Established Value Fund has an ER of .90%. The mantra here is to keep cos...
by Chip
Mon Jun 18, 2018 7:19 am
Forum: Investing - Help with Personal Investments
Topic: Creative Planning vs Vanguard PAS
Replies: 94
Views: 6040

Re: Creative Planning vs Vanguard PAS

I decided to use this site to compare my Creative Planning portfolio to the Bogle 4 Fund portfolio. Summary Creative Planning portfolio with 0.85% fee is WAS about equal to Bogle 4 Fund Creative Planning portfolio without fee is WAS a clear winner This suggests using the Creative Planning portfolio...
by Chip
Sat Jun 16, 2018 5:48 am
Forum: Investing - Theory, News & General
Topic: Should your employment/income source determine your investment choices?
Replies: 13
Views: 993

Re: Should your employment/income source determine your investment choices?

I guess what's being proposed is an extension of Milevsky's approach of defining a career as a stock or a bond. I haven't read his book on the subject to know whether he goes into figuring out what kind of stock a career could be. It's an interesting idea, but personally it's hard enough to figure o...
by Chip
Sat Jun 16, 2018 5:18 am
Forum: Investing - Help with Personal Investments
Topic: Roth conversion advice - charitable beneficiaries
Replies: 6
Views: 535

Re: Roth conversion advice - charitable beneficiaries

It's a fairly complex issue as you note. In addition to the charitable beneficiary tax rate when you're both gone, you also have to consider that if one of you goes the survivor has the same amount of RMDs but is faced with single filer tax rates. Further complicating the issue, if your long term ca...
by Chip
Fri Jun 15, 2018 11:32 am
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 12227

Re: MD&P just purchased X / sold Y [md&pharmacist]

Thanks for the info!

There is some sort of minor error on DXQLX. I have a closing price yesterday of 26.98. 7,205.005 shares * 26.98 = 194,391, vs. the 194,301 shown in your list. Can you clarify?
by Chip
Fri Jun 15, 2018 11:13 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review: IPS course-correction for small/value tilt
Replies: 9
Views: 630

Re: Portfolio Review: IPS course-correction for small/value tilt

If I add extended market to approximate total market, then that component would overlap with the SCV in my roth, whilst including small-growth, which would be worse for my value factor loads, right? I was approaching this from the "usual" way of thinking about tilted portfolios: start with a TSM fu...
by Chip
Fri Jun 15, 2018 5:55 am
Forum: Personal Consumer Issues
Topic: Bumper Repair
Replies: 9
Views: 575

Re: Bumper Repair

Thanks for that info. I had a similar bash on our old Camry and just pushed it out from the inside with a piece of wood. While the result was acceptable it would have been much better if I had used the heat gun.

Nicely done. :beer
by Chip
Fri Jun 15, 2018 5:36 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review: IPS course-correction for small/value tilt
Replies: 9
Views: 630

Re: Portfolio Review: IPS course-correction for small/value tilt

First, WOW do you ever have a good 401k. I think the approach seems pretty darn good, though I would suggest a couple of minor tweaks. Using the SP500 fund in your 401k makes sense because of the low expense ratio, but it's a tilt towards large. So either compensate by adding the extended market fun...
by Chip
Thu Jun 14, 2018 2:09 pm
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 12227

Re: MD&P just purchased X / sold Y [md&pharmacist]

There is nothing to 'get'. You keep making outrageous claims yet are unwilling to provide the data to back up those claims. It's clear that you probably don't even know how to calculate your actual returns to this point. If you want to learn something - together - there are plenty of exceptionally ...
by Chip
Thu Jun 14, 2018 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Preferred Services?
Replies: 19
Views: 1810

Re: Fidelity Preferred Services?

Do you hold any Fidelity fund? The page that I saw says $1M total and $250k with Fidelity. I do, a small holding in FSTVX (Fidelity Total Market Index Fund Premium Class). To clarify, all of the Vanguard ETFs that I own are held at Fidelity and therefore count towards Private Client status. So Priv...
by Chip
Thu Jun 14, 2018 8:17 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Preferred Services?
Replies: 19
Views: 1810

Re: Fidelity Preferred Services?

I too just call the Private Client dedicated number when I have a question. Always get someone on the phone right away. After they answer my question they sometimes remind me that I have a dedicated advisor that I can talk to if I wish. Interesting. I can't recall ever being reminded by a rep that ...
by Chip
Thu Jun 14, 2018 8:04 am
Forum: Personal Consumer Issues
Topic: Should I fix the car or get rid of it?
Replies: 20
Views: 1717

Re: Should I fix the car or get rid of it?

I was able to locate a former Subaru Master Technician that still does work on the side. He agreed to charge $750 if I purchase the parts, which cost around $600. I’ll update after the work is completed. This is good news. My only advice is don't buy cheap parts. There are lots of junky auto parts ...
by Chip
Mon Jun 11, 2018 1:37 pm
Forum: Investing - Help with Personal Investments
Topic: converting some traditional IRA to Roth
Replies: 45
Views: 2462

Re: converting some traditional IRA to Roth

Not tax free I couldn't have. [Edit: to clarify, the cash was either going to pay these taxes or it was going to sit there as cash. So my calculation was correct. But if I do decide to put the cash into a 457b instead, then you're right that of course this changes the math.] To make my point simple...
by Chip
Mon Jun 11, 2018 10:14 am
Forum: Personal Consumer Issues
Topic: Can we discuss whisk?
Replies: 29
Views: 3016

Re: Can we discuss whisk?

lthenderson wrote:
Mon Jun 11, 2018 9:30 am
In your case of the whisk, the current winner is the OXO Goodgrips Whisk.
My Rosle was a previous ATK winner. At 3x the price. :oops:
by Chip
Mon Jun 11, 2018 9:47 am
Forum: Investing - Help with Personal Investments
Topic: Creative Planning vs Vanguard PAS
Replies: 94
Views: 6040

Re: Creative Planning vs Vanguard PAS

I had started this post with the hope of gaining knowledge and whenever possible sharing it. Sad to say many posters want to analyze me or my motives. On the other hand, some posters have contributed valuable insights which have been helpful. I'd like to thank them. Here is a good discussion with s...
by Chip
Mon Jun 11, 2018 8:27 am
Forum: Investing - Help with Personal Investments
Topic: Creative Planning vs Vanguard PAS
Replies: 94
Views: 6040

Re: Creative Planning vs Vanguard PAS

I must say I'm having much trouble understanding where you are coming from. You say you are very concerned with tax efficient asset location. In just the time you have spent on this thread you could have learned absolutely everything you need to know about that subject and would be able to execute a...