Search found 8868 matches

by tadamsmar
Fri May 22, 2020 3:06 am
Forum: Personal Investments
Topic: Moved all Retirement Plans to Cash Last Wed Based on Tepper's Call
Replies: 95
Views: 11327

Re: Moved all Retirement Plans to Cash Last Wed Based on Tepper's Call

David Tepper?

He is actually a stock picker.

You aren’t doing what he is doing.

Tepper’s remarks were probably part of a pump and dump strategy for some of his shorts.

The Bogleheads here are sincerely practicing what they preach.
by tadamsmar
Thu May 21, 2020 6:30 am
Forum: Personal Investments
Topic: Diehards advice on missing the dip
Replies: 20
Views: 3253

Re: Diehards advice on missing the dip

Thanks to all for your insights. Btenny you've hit on one of the two main reasons why I'm hesitant to go all in into my desired allocation (60%) or even the riskier ones advised for people my age. The first one is that there's still uncertainty in the air. When investing there is always uncertainty...
by tadamsmar
Wed May 20, 2020 7:06 am
Forum: Personal Consumer Issues
Topic: How to get disinfecting wipes..seriously
Replies: 70
Views: 5051

Re: Wipes can spread bacteria

This study showed that wipes can spread MRSA: https://www.webmd.com/a-to-z-guides/news/20080603/germicidal-wipes-can-spread-bacteria#1 This is due to improper use. You might want to check the instructions on your wipes. My package of wipes say that you need to keep the surface wet for 4 minutes to ...
by tadamsmar
Tue May 19, 2020 10:37 am
Forum: Investing - Theory, News & General
Topic: Dr. Malkiel: “I believe that investors need to put more China into their portfolios“
Replies: 138
Views: 8749

Re: Dr. Malkiel: “I believe that investors need to put more China into their portfolios“

Burton Malkiel was a director of the Vanguard Group for 28 years, but left Vanguard in 2005China is what it is, but I do not give recommendations about China any extra weight just because they come from Burton Malkiel. He's been a China permabull since 2007, when he published From Wall Street to th...
by tadamsmar
Tue May 19, 2020 6:01 am
Forum: Personal Consumer Issues
Topic: How to get disinfecting wipes..seriously
Replies: 70
Views: 5051

Wipes can spread bacteria

This study showed that wipes can spread MRSA: https://www.webmd.com/a-to-z-guides/news/20080603/germicidal-wipes-can-spread-bacteria#1 This is due to improper use. You might want to check the instructions on your wipes. My package of wipes say that you need to keep the surface wet for 4 minutes to d...
by tadamsmar
Mon May 18, 2020 4:53 pm
Forum: Personal Consumer Issues
Topic: How to get disinfecting wipes..seriously
Replies: 70
Views: 5051

Re: How to get disinfecting wipes..seriously

The CDC has still not recorded a single case of transmission off a surface. You should probably worry less about this route. :sharebeer That's kinda funny. It's a bit hard to record if a transmission occurred via a contaminated surface vs. exposure to airborne droplets. I didn't know the CDC was ac...
by tadamsmar
Sun May 17, 2020 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Does Delaying Social Security Deliver an 8% Return?
Replies: 92
Views: 7422

Re: Does Delaying Social Security Deliver an 8% Return?

I think this is the true situation, but correct me if I am wrong.... Assume your FRA is 66 and your payment at 66 would be $1500. Each month of delay after age 66 up till 70, you have a opportunity to buy an immediate annuity. The offered annuity is for $10 each month, the offer will always be exact...
by tadamsmar
Sat May 16, 2020 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Does Delaying Social Security Deliver an 8% Return?
Replies: 92
Views: 7422

Re: Does Delaying Social Security Deliver an 8% Return?

I'm not sure what options are available for filing before age 70 but specifying that benefits should only begin at age 70. My friend actually get a five-digit retroactive check for that year's benefits back to the start of the year, or something, but he had simply missed out on two full years benef...
by tadamsmar
Thu May 14, 2020 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Best way to simulate the retirement, living off investments ; Not touching monthly salaries
Replies: 44
Views: 3205

Re: Best way to simulate the retirement, living off investments ; Not touching monthly salaries

- Calculate the cost of taxes, health insurance premiums, and anything else that is currently deducted from your check; at the end of the year, add that up, and add it to the spending from your "spendable funds" in the current checking account. Between the prepaid taxes/insurance deducted from your...
by tadamsmar
Thu May 14, 2020 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Best way to simulate the retirement, living off investments ; Not touching monthly salaries
Replies: 44
Views: 3205

Re: Best way to simulate the retirement, living off investments ; Not touching monthly salaries

You may want to simulate retirement expenses, but I don’t see what you plan accomplishes. Money is money. Yes money is money unless we withdrawal from investments and think that we do not have the salaries coming , difficult to be mentally prepared. Withdrawing like 4% or more from taxable, do need...
by tadamsmar
Thu May 14, 2020 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Best way to simulate the retirement, living off investments ; Not touching monthly salaries
Replies: 44
Views: 3205

Re: Best way to simulate the retirement, living off investments ; Not touching monthly salaries

Seems to me that you can just keep track of your expenses. You probably can already estimate your expenses for last year based on information that you already have. Seems like your plan involves increasing your taxable income a lot. You could more than double your taxable income by doing this. So it...
by tadamsmar
Tue May 12, 2020 8:19 am
Forum: Investing - Theory, News & General
Topic: Looking for alternative to Vanguard
Replies: 107
Views: 7041

Re: Looking for alternative to Vanguard

This indicates that a malicious actor can get a SIM swap from some Telcos without the sim pin:

https://www.zdnet.com/article/academic- ... g-attacks/
by tadamsmar
Tue May 12, 2020 7:31 am
Forum: Personal Investments
Topic: Thrift Savings Plan RMDs and the CARES Act
Replies: 9
Views: 955

Re: Thrift Savings Plan RMDs and the CARES Act

On May 6, the TSP relaxed the rollover deadline to July 15:

https://www.tsp.gov/whatsnew/Content/co ... erExtended
by tadamsmar
Tue May 12, 2020 7:29 am
Forum: Personal Finance (Not Investing)
Topic: Undoing your already-taken RMD for 2020
Replies: 117
Views: 7268

Re: Undoing your already-taken RMD for 2020

Please help me understand. I stopped a monthly RMD in April. RMDs come the first of the month. Can I repay February and March? You have until 7/15 to do both 60-day rollovers if the now Non-RMD distributions or the rollover destinations involve a non-IRA employer retirement plan. If the RMD is from...
by tadamsmar
Mon May 11, 2020 9:14 am
Forum: Personal Finance (Not Investing)
Topic: 2020 tax forecast
Replies: 8
Views: 738

Re: 2020 tax forecast

How can I forecast my 2020 taxes? Can I just create a “what if” tax return usIng my 2019 Turbo Tax software? How do I predict capital gains and dividends for 2020 — especially since there’s been so much market selling in 2020? I don’t want to get penalized for underpayment of taxes. I am aware that...
by tadamsmar
Sun May 10, 2020 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Undoing your already-taken RMD for 2020
Replies: 117
Views: 7268

Re: Undoing your already-taken RMD for 2020

Please help me understand. I stopped a monthly RMD in April. RMDs come the first of the month. Can I repay February and March? You have until 7/15 to do both 60-day rollovers if the now Non-RMD distributions or the rollover destinations involve a non-IRA employer retirement plan. If the RMD is from...
by tadamsmar
Sun May 10, 2020 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Undoing your already-taken RMD for 2020
Replies: 117
Views: 7268

Re: Undoing your already-taken RMD for 2020

Please help me understand. I stopped a monthly RMD in April. RMDs come the first of the month. Can I repay February and March? You have until 7/15 to do both 60-day rollovers if the now Non-RMD distributions or the rollover destinations involve a non-IRA employer retirement plan. If the RMD is from...
by tadamsmar
Sun May 10, 2020 12:08 pm
Forum: Investing - Theory, News & General
Topic: The advice you give vs the approach you use
Replies: 36
Views: 2118

Re: The advice you give vs the approach you use

I told my daughter and MIL to use Vanguard Target Retirement funds. I manage my MIL's account via Agent Authorization and it is all in Target Retirement Income. My daughter got the same advice from their accountant. I don't do that. I am not sure my own approach is better than the approach I recomme...
by tadamsmar
Sat May 09, 2020 9:11 am
Forum: Personal Investments
Topic: Limit Roth Conversion by IRMAA or Tax Bracket?
Replies: 19
Views: 1199

Re: Limit Roth Conversion by IRMAA or Tax Bracket?

I am 72, retired, and file as HoH. My MAGI for 2020 is expected to be $106K from pension, Soc Sec, etc. before making any Roth conversions. If I convert less than $30K to Roth this year, I can stay within my current IRMAA bracket and within a marginal income tax bracket of 24% federal (9.3% state)....
by tadamsmar
Sat May 09, 2020 7:39 am
Forum: Investing - Theory, News & General
Topic: Why is lump sum investment option better than DCA?
Replies: 156
Views: 5702

Re: Why is lump sum investment option better than DCA?

Advising DCA seems to be a kind of exposure therapy: https://en.wikipedia.org/wiki/Exposure_therapy It is the most effective phobia treatment. Of course it implies that it is best for the investor to find a way to bring himself to take on more market risk. In some scenarios, Bogleheads seem to treat...
by tadamsmar
Fri May 08, 2020 5:27 pm
Forum: Investing - Theory, News & General
Topic: Why is lump sum investment option better than DCA?
Replies: 156
Views: 5702

Dollar-Cost Averaging Is Not Rational, but It Is Normal and Can Be Wise

Investors want the utilitarian, expressive, and emotional benefits of the high expected returns of stocks, but they also want to avoid the expressive costs of the image of being a loser and the emotional costs of regret over losses. They tend to procrastinate when advised to invest in stocks immedi...
by tadamsmar
Fri May 08, 2020 8:24 am
Forum: Investing - Theory, News & General
Topic: Why is lump sum investment option better than DCA?
Replies: 156
Views: 5702

Re: Why is lump sum investment option better than DCA?

I am confused a bit about why people feel lump sum investment is a better option than DCA. The answer is because somebody backtested performance doing LS and DCA and found that LS was slightly better on average about 2/3rds of the time. That is, "better" can be used even if the it means only 0.0001...
by tadamsmar
Fri May 08, 2020 8:23 am
Forum: Investing - Theory, News & General
Topic: Why is lump sum investment option better than DCA?
Replies: 156
Views: 5702

Re: Why is lump sum investment option better than DCA?

I am confused a bit about why people feel lump sum investment is a better option than DCA. Any feedback on this would be helpful. I would just think that the DCA option would be safer so you are not putting all your eggs in one basket and if you invest over time it would appear to me to be more con...
by tadamsmar
Thu May 07, 2020 11:24 pm
Forum: Personal Investments
Topic: Limit Roth Conversion by IRMAA or Tax Bracket?
Replies: 19
Views: 1199

Re: Limit Roth Conversion by IRMAA or Tax Bracket?

Sport: My MAGI from pension and SS alone is about $100K. The additional $6K is from an RMD that I took in early Feb 2020 before CARES Act. No cap gain and only small dividends expected in 2020. There is no way that I can fall below the 24% tax bracket. The 22% tax bracket is possible only if I marr...
by tadamsmar
Thu May 07, 2020 5:33 pm
Forum: Personal Investments
Topic: Limit Roth Conversion by IRMAA or Tax Bracket?
Replies: 19
Views: 1199

Re: Limit Roth Conversion by IRMAA or Tax Bracket?

Sport: My MAGI from pension and SS alone is about $100K. The additional $6K is from an RMD that I took in early Feb 2020 before CARES Act. No cap gain and only small dividends expected in 2020. There is no way that I can fall below the 24% tax bracket. The 22% tax bracket is possible only if I marr...
by tadamsmar
Thu May 07, 2020 1:48 pm
Forum: Personal Investments
Topic: Limit Roth Conversion by IRMAA or Tax Bracket?
Replies: 19
Views: 1199

Re: Limit Roth Conversion by IRMAA or Tax Bracket?

Did you get the full covid stimulus payment this year or will you get it based on a 2018 or 2019 AGI being below the limit? I think your full payment may be $1700 as HoH if you have only one kid. That might factor in, since there is an effective 5% marginal tax increase for a range of AGIs for those...
by tadamsmar
Thu May 07, 2020 1:39 pm
Forum: Personal Investments
Topic: Limit Roth Conversion by IRMAA or Tax Bracket?
Replies: 19
Views: 1199

Re: Limit Roth Conversion by IRMAA or Tax Bracket?

I am 72, retired, and file as HoH. My MAGI for 2020 is expected to be $106K from pension, Soc Sec, etc. before making any Roth conversions. If I convert less than $30K to Roth this year, I can stay within my current IRMAA bracket and within a marginal income tax bracket of 24% federal (9.3% state)....
by tadamsmar
Thu May 07, 2020 11:53 am
Forum: Personal Investments
Topic: IRMAA and Roth Conversions
Replies: 22
Views: 2259

Re: IRMAA and Roth Conversions

I was just playing around with the effects of higher IRMAA premiums. I get Part B Medicare. This year I am limiting my AGI to 150,000 to get my full covid stimulus payment. But I would have gone to 174,000 AGI which keeps me in the 22% marginal bracket. If you are going to take a Part B Premium hit,...
by tadamsmar
Thu May 07, 2020 9:05 am
Forum: Personal Consumer Issues
Topic: Is there anything more environmentally friendly than Drano for unclogging a drain?
Replies: 80
Views: 4787

Re: Is there anything more environmentally friendly than Drano for unclogging a drain?

To be clear, I don't use Drano and I'm not suggesting you should. My comment is directed on your implied comments that it could harm the environment. While Drano in large quantity is a hazardous waste when included in your trash pickup, it is not an environmental hazard when discharged in household...
by tadamsmar
Thu May 07, 2020 8:30 am
Forum: Personal Consumer Issues
Topic: Is there anything more environmentally friendly than Drano for unclogging a drain?
Replies: 80
Views: 4787

Re: Is there anything more environmentally friendly than Drano for unclogging a drain?

What's so environmentally unfriendly about Drano? "It’s dangerous for you, harsh on your plumbing system, and bad for the environment." https://blog.jiffyondemand.com/why-plumbers-advise-against-drano/ I once had to replace a drain that was damaged by Draino. It is easier to just use a drain snake....
by tadamsmar
Wed May 06, 2020 8:12 pm
Forum: Personal Consumer Issues
Topic: 2020 travel plans
Replies: 95
Views: 4405

Re: 2020 travel plans

We have a paid reservations for a trip to Blowing Rock. We will probably cancel but we are keeping the option open for now. We will decide closer to a deadline where we might get most of our money back if the owner can re-book. After a certain date, we have no hope of any refund. We are not planning...
by tadamsmar
Wed May 06, 2020 7:57 am
Forum: Investing - Theory, News & General
Topic: Investor sues over 401k account fraud losses
Replies: 4
Views: 725

Re: Investor sues over 401k account fraud losses

Here is another suit involving the same fiduciary (Alight): When Heide Bartnett went to the mailbox in January 2019 and opened up her 401(k) statement, she expected to see a robust balance accrued after 10 years as a nutritional products saleswoman with Abbott Laboratories. Instead, the retiree from...
by tadamsmar
Wed May 06, 2020 7:24 am
Forum: Investing - Theory, News & General
Topic: Investor sues over 401k account fraud losses
Replies: 4
Views: 725

Investor sues over 401k account fraud losses

Investor has to sue over a $99,000 theft from a 401K account. “Between Oct. 24, 2016, and Jan. 2, 2017, Ms. Berman made at least 23 calls to the customer service center regarding the unauthorized distributions,” the lawsuit stated. “Ultimately … no money had been recovered, and Ms. Berman’s Lauder p...
by tadamsmar
Wed May 06, 2020 6:39 am
Forum: Investing - Theory, News & General
Topic: Looking for alternative to Vanguard
Replies: 107
Views: 7041

Re: Looking for alternative to Vanguard

Jacobi wrote:
Wed May 06, 2020 3:22 am
Doesn't Vanguard have a fraud protection policy?
Yes, here it is:

https://personal.vanguard.com/us/help/S ... ontent.jsp
by tadamsmar
Tue May 05, 2020 8:22 pm
Forum: Personal Consumer Issues
Topic: Is there anything more environmentally friendly than Drano for unclogging a drain?
Replies: 80
Views: 4787

Re: Is there anything more environmentally friendly than Drano for unclogging a drain?

What's so environmentally unfriendly about Drano? "It’s dangerous for you, harsh on your plumbing system, and bad for the environment." https://blog.jiffyondemand.com/why-plumbers-advise-against-drano/ I once had to replace a drain that was damaged by Draino. It is easier to just use a drain snake....
by tadamsmar
Tue May 05, 2020 8:06 pm
Forum: Personal Consumer Issues
Topic: Is there anything more environmentally friendly than Drano for unclogging a drain?
Replies: 80
Views: 4787

Re: Is there anything more environmentally friendly than Drano for unclogging a drain?

Drano will not harm standard PVC pipe found in homes. I my home, there is a visible metal drain at the bottom of ever sink and bathtub. These have a shiny metal finish and Draino ruins the finish. "Drano sits in a pipe until the clog dissolves, continually reacting and generating heat. Toilet bowls...
by tadamsmar
Tue May 05, 2020 7:55 pm
Forum: Personal Consumer Issues
Topic: Is there anything more environmentally friendly than Drano for unclogging a drain?
Replies: 80
Views: 4787

Re: Is there anything more environmentally friendly than Drano for unclogging a drain?

What's so environmentally unfriendly about Drano? "It’s dangerous for you, harsh on your plumbing system, and bad for the environment." https://blog.jiffyondemand.com/why-plumbers-advise-against-drano/ I once had to replace a drain that was damaged by Draino. It is easier to just use a drain snake.
by tadamsmar
Tue May 05, 2020 7:48 pm
Forum: Personal Consumer Issues
Topic: Is there anything more environmentally friendly than Drano for unclogging a drain?
Replies: 80
Views: 4787

Re: Is there anything more environmentally friendly than Drano for unclogging a drain?

I haven't used Draino or similar in years and use a zip plastic drain tool. Cheap and easy. https://www.menards.com/main/plumbing/drain-cleaning-tools/plumbing-snakes-augers/cobra-reg-zip-it-drain-tool-2-pack/00440bl-00140bl/p-1444426687256-c-8514.htm That's what I use. Or some other drain snake th...
by tadamsmar
Tue May 05, 2020 5:25 pm
Forum: Investing - Theory, News & General
Topic: Is G-fund safer today than previously?
Replies: 38
Views: 2540

Re: Is G-fund safer today than previously?

It's a bit confusing because the presentation is covering two different iterations of the L Funds. I think that as of now they are on a glide path from an old set of assumptions to a new set of assumptions. So, it is mix of an up-to-date efficient frontier and an out-of-date efficient frontier. And...
by tadamsmar
Tue May 05, 2020 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: How to minimize tax witholding without a penalty?
Replies: 16
Views: 972

Re: How to minimize tax witholding without a penalty?

Did you fail to get the full $1200 stimulus check based on your 2019 or 2018 AGI? I haven't received it yet, but since I was head of household in 2018 (and did a big Roth conversion in 2019), I am waiting to file my 2019 taxes until after I receive the stimulus money. So hopefully I will receive th...
by tadamsmar
Tue May 05, 2020 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: How to minimize tax witholding without a penalty?
Replies: 16
Views: 972

Re: How to minimize tax witholding without a penalty?

It's definitely something to think about. I just turned 60 and was planning to empty an inherited IRA this year to make my estate less complicated for my children, and cash in some savings bonds, for the same reason. Streamlining my estate has been an important goal to me, after dealing with my mot...
by tadamsmar
Tue May 05, 2020 1:58 pm
Forum: Investing - Theory, News & General
Topic: Is G-fund safer today than previously?
Replies: 38
Views: 2540

Re: Is G-fund safer today than previously?

The L Funds were professionally designed, yes, but not with a goal of being mean-variance efficient. The goal is indeed being mean-variance efficient. "The five TSP L Funds have asset allocations that correspond to points shown on the Efficient Frontier" https://www.tsp.gov/PDF/formspubs/FundsL.pdf...
by tadamsmar
Tue May 05, 2020 1:51 pm
Forum: Investing - Theory, News & General
Topic: Is G-fund safer today than previously?
Replies: 38
Views: 2540

Re: Is G-fund safer today than previously?

The L Funds were professionally designed, yes, but not with a goal of being mean-variance efficient. The goal is indeed being mean-variance efficient. "The five TSP L Funds have asset allocations that correspond to points shown on the Efficient Frontier" https://www.tsp.gov/PDF/formspubs/FundsL.pdf...
by tadamsmar
Tue May 05, 2020 12:06 pm
Forum: Investing - Theory, News & General
Topic: Is G-fund safer today than previously?
Replies: 38
Views: 2540

Re: Is G-fund safer today than previously?

The L Funds were professionally designed, yes, but not with a goal of being mean-variance efficient. The goal is indeed being mean-variance efficient. "The five TSP L Funds have asset allocations that correspond to points shown on the Efficient Frontier" https://www.tsp.gov/PDF/formspubs/FundsL.pdf
by tadamsmar
Tue May 05, 2020 11:36 am
Forum: Investing - Theory, News & General
Topic: Advantages of keeping your income below the stimulus check limits this year
Replies: 15
Views: 1897

Re: Advantages of keeping your income below the stimulus check limits this year

firebirdparts wrote:
Tue May 05, 2020 10:44 am
Well, it's only $1200. It doesn't need to be too complex.
As far as I know, it's unlimited. Depends on how many kids you manage to adopt this year, in some jurisdictions you can adopt within 6 months. It's maybe a bit late to conceive a bunch of kids for delivery in 2020. :wink:
by tadamsmar
Tue May 05, 2020 9:59 am
Forum: Investing - Theory, News & General
Topic: Is G-fund safer today than previously?
Replies: 38
Views: 2540

Re: Is G-fund safer today than previously?

G fund is the best instrument you will find for return vs risk. It is 0 risk. Investing is all about return vs risk. The portion of your portfolio you want in bonds or fixed income, I say put it in G fund and have an aggressive allocation in stocks. So many investors wish they could have money in t...
by tadamsmar
Tue May 05, 2020 9:46 am
Forum: Investing - Theory, News & General
Topic: Advantages of keeping your income below the stimulus check limits this year
Replies: 15
Views: 1897

Re: Advantages of keeping your income below the stimulus check limits this year

Don't let the "chance for a higher stimulus check" tail wag the income dog. My dad ran his second generation tax business from the time he bought it from my grandfather in 1963 until he passed away. One of his stories was of a customer who was irate because his new tax bill was higher than the prev...
by tadamsmar
Tue May 05, 2020 8:31 am
Forum: Investing - Theory, News & General
Topic: Advantages of keeping your income below the stimulus check limits this year
Replies: 15
Views: 1897

Advantages of keeping your income below the stimulus check limits this year

This is for people who did not get their full coronavirus stimulus check this year. They would be people or couples whose income exceeded the limit for getting the full check. I think the important income number is your AGI but I have not seen a good technical explanation of the exact definition of ...
by tadamsmar
Mon May 04, 2020 10:16 pm
Forum: Personal Investments
Topic: Tell me what I don't know about retirement?
Replies: 55
Views: 4864

Re: Tell me what I don't know about retirement?

Before retirement, your taxable income is mostly based on your salary. After retirement, particularly in early retirement, your taxable income is mostly based on your consumption. Later, the RMDs can grow large and ramp up your taxable income. But earlier, you may want to up your taxable income by d...