Search found 5345 matches

by Leesbro63
Sun Aug 12, 2018 11:24 am
Forum: Personal Finance (Not Investing)
Topic: SS 2019 COLA could be close to 3%
Replies: 26
Views: 2742

Re: SS 2019 COLA could be close to 3%

OK - interesting to know. I was in the "hold harmless" category - but am already back in the $134. Yes, I am in the $134 category now, but my wife is still lower, as she was never a higher earner. So is this higher inflation kinds of back-door good new for wealthier retirees...who would have even h...
by Leesbro63
Thu Aug 09, 2018 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 14200

Re: Will you pay for your kids' college/graduate education?

IMHO, parents should pay for education in proportion to what they can really afford. Country club parents, stretched to the financial limit, with two leased luxury cars who refuse to pay are cheating their children. But a hardworking two parent couple, with a house, a few cars and a summer trip to ...
by Leesbro63
Thu Aug 09, 2018 10:40 am
Forum: Investing - Theory, News & General
Topic: "The Longest Bull Market of All-Time?"
Replies: 15
Views: 2359

Re: "The Longest Bull Market of All-Time?"

Isn't it always that way? :wink:
by Leesbro63
Thu Aug 09, 2018 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 14200

Re: Will you pay for your kids' college/graduate education?

IMHO, parents should pay for education in proportion to what they can really afford. Country club parents, stretched to the financial limit, with two leased luxury cars who refuse to pay are cheating their children. But a hardworking two parent couple, with a house, a few cars and a summer trip to t...
by Leesbro63
Thu Aug 09, 2018 10:31 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Valuations Too High?
Replies: 204
Views: 11035

Re: Larry Swedroe: Valuations Too High?

This article from today's WSJ relates to this post. Says valuations are actually lower than not too long ago: https://www.wsj.com/articles/valuations-are-slipping-even-as-stocks-hover-near-records-1533812400?mod=hp_lead_pos3 "Despite another robust corporate earnings season, the S&P 500 has inched u...
by Leesbro63
Thu Aug 09, 2018 10:28 am
Forum: Investing - Theory, News & General
Topic: "The Longest Bull Market of All-Time?"
Replies: 15
Views: 2359

Re: "The Longest Bull Market of All-Time?"

With regard to stock valuations, there is this article from today's WSJ, making the case that valuations are NOT off-the-chart-high: https://www.wsj.com/articles/valuations-are-slipping-even-as-stocks-hover-near-records-1533812400?mod=hp_lead_pos3 "Despite another robust corporate earnings season, t...
by Leesbro63
Wed Aug 08, 2018 8:19 am
Forum: Investing - Help with Personal Investments
Topic: Clean up on Aisle 4 (help me clean up this mess)
Replies: 15
Views: 2571

Re: Clean up on Isle 4 (help me clean up this mess)

While you're waiting for replies, a few quick comments: You'll get better responses if you update your original post with the fund names and expense ratios. Additionally, for the 401ks, it would be relevant to know other available fund options aside from the ones you're already invested in (particu...
by Leesbro63
Tue Aug 07, 2018 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: step-up basis after a spouse's passing
Replies: 26
Views: 2438

Re: step-up basis after a spouse's passing

I don't totally understand this whole "community property" state thing. It seems that for the ultra rich, moving to a community property state in old age or if one spouse was in especially poor health would be a way to legally game the system. And it seems odd that the federal tax code allow a full ...
by Leesbro63
Mon Aug 06, 2018 11:14 am
Forum: Investing - Theory, News & General
Topic: 4% rule .. but when?
Replies: 35
Views: 4149

Re: 4% rule .. but when?

There is really no contradiction in the fact that person A can take $40k/year while person B can only take $20k. Yeah, there really IS a contradiction. It’s about valuations. Kitces has been in the forefront of dealing with this BIG contradiction that two people can have the same money. But, one ar...
by Leesbro63
Thu Aug 02, 2018 8:38 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Portfolio Pain Happens
Replies: 49
Views: 4680

Re: Larry Swedroe: Portfolio Pain Happens

One reason that I don't like sudden movements is that I have been burned by the "Nedsaid Effect" which pretty much says that the investments you sell tend to do better than what you buy to replace, at a ratio of 2:1 or even 3:1. It works with investment strategies, mutual funds, individual securiti...
by Leesbro63
Thu Aug 02, 2018 12:29 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1135
Views: 195511

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

For what it's worth, I see that Ally Bank now has a brokerage and is playing the bonus game. Another player, for us players!
by Leesbro63
Thu Aug 02, 2018 7:24 am
Forum: Investing - Theory, News & General
Topic: 4% rule .. but when?
Replies: 35
Views: 4149

Re: 4% rule .. but when?

So person A retires at year 2007 with $1M. This person decides he can live with $40k/year Person B has the same $1M at year 2007. At year 2009, the stock market has crashed and and lost 50% value, so $500k are left. This person decides he can live with $20k/year You could argue that 100% stocks is ...
by Leesbro63
Thu Aug 02, 2018 6:50 am
Forum: Investing - Theory, News & General
Topic: 4% rule .. but when?
Replies: 35
Views: 4149

Re: 4% rule .. but when?

So person A retires at year 2007 with $1M. This person decides he can live with $40k/year Person B has the same $1M at year 2007. At year 2009, the stock market has crashed and and lost 50% value, so $500k are left. This person decides he can live with $20k/year You could argue that 100% stocks is ...
by Leesbro63
Wed Aug 01, 2018 1:57 pm
Forum: Personal Consumer Issues
Topic: Why is new strip of lawn different color?
Replies: 18
Views: 1827

Re: Why is new strip of lawn different color?

Maybe the under the ground drain has holes, which is common, thus watering that area more than the other area. Hence the greener grass.
by Leesbro63
Wed Aug 01, 2018 1:52 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Portfolio Pain Happens
Replies: 49
Views: 4680

Re: Larry Swedroe: Portfolio Pain Happens

I dunno about “belief systems”. The 3 fund portfolio makes more and more sense to me every time I see a “factor bet” go bad or drags on too long.
by Leesbro63
Wed Aug 01, 2018 8:16 am
Forum: Investing - Help with Personal Investments
Topic: 1.9 M windfall. My plan; input requested
Replies: 30
Views: 4578

Re: 1.9 M windfall. My plan; input requested

Your plan is very reasonable. Keep in mind, real estate produces (much) more income and had better tax benefits than index funds or stocks. $1M down on a 3.5M 50 unit apartment complex will generate $100K in annual income, NET of expenses and CapEx. Factoring depreciation and other expenses, you le...
by Leesbro63
Tue Jul 31, 2018 2:33 pm
Forum: Investing - Help with Personal Investments
Topic: 1.9 M windfall. My plan; input requested
Replies: 30
Views: 4578

Re: 1.9 M windfall. My plan; input requested

Seems like a good plan overall. $30K vehicles (two of 'em) isn't excessive, but you might want to pretend those vehicles have to get paid off out of current income. In other words, if your current income won't support the vehicles, then you've just consumed wealth to subsidize your current burn rate...
by Leesbro63
Sat Jul 28, 2018 1:05 pm
Forum: Investing - Help with Personal Investments
Topic: If Vanguard has 388 funds why should I stick with a 3 fund portfolio?
Replies: 15
Views: 2449

Re: If Vanguard has 388 funds why should I stick with a 3 fund portfolio?

Remember that vanguard was in business for many years before there was such a thing as an index fund. I believe this to be incorrect Correct--Vanguard was associated with the Wellington Management Company, yet Vanguard's first fund was its S&P 500 fund. I don't believe that's correct either. I beli...
by Leesbro63
Sat Jul 28, 2018 7:00 am
Forum: Investing - Help with Personal Investments
Topic: If Vanguard has 388 funds why should I stick with a 3 fund portfolio?
Replies: 15
Views: 2449

Re: If Vanguard has 388 funds why should I stick with a 3 fund portfolio?

mhalley wrote:
Fri Jul 27, 2018 10:23 pm
Remember that vanguard was in business for many years before there was such a thing as an index fund.
I believe this to be incorrect
by Leesbro63
Wed Jul 25, 2018 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth IRA and Aggregation Rule
Replies: 22
Views: 1223

Re: Backdoor Roth IRA and Aggregation Rule

This is good advice/information. I will pass it along. Thank you again. Alan S.
by Leesbro63
Wed Jul 25, 2018 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth IRA and Aggregation Rule
Replies: 22
Views: 1223

Re: Backdoor Roth IRA and Aggregation Rule

Alan, what would be the basis for the 2015 return? Would you complete the Form 8606 for the non-SOL years to calculate the basis and how would you do that? This is my question as well. Even if the IRS says "don't worry about the first 2 years...", how would one figure out the proper basis for the 2...
by Leesbro63
Wed Jul 25, 2018 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth IRA and Aggregation Rule
Replies: 22
Views: 1223

Re: Backdoor Roth IRA and Aggregation Rule

This error represents a small portion of taxable income, so the IRS is not going to pursue back taxes for more than the last 3 tax years. Therefore, the only returns that need to be amended are 2015-2017. Further, the 2017 conversion can still be recharacterized to eliminate the taxation that would...
by Leesbro63
Wed Jul 25, 2018 7:38 am
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth IRA and Aggregation Rule
Replies: 22
Views: 1223

Re: Backdoor Roth IRA and Aggregation Rule

Yeah, I guess the only real fix is the real fix. To amend all the way back.
by Leesbro63
Tue Jul 24, 2018 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth IRA and Aggregation Rule
Replies: 22
Views: 1223

Re: Backdoor Roth IRA and Aggregation Rule

I am the original poster. What if the taxpayer converted the entire $50K IRA in tax year 2018 to a Roth, and paid the tax? Technically the old returns should be amended, but going back multiple years might not be practical or even accepted. If the IRS ever does figure out the error, the remedy would...
by Leesbro63
Tue Jul 24, 2018 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth IRA and Aggregation Rule
Replies: 22
Views: 1223

Re: Backdoor Roth IRA and Aggregation Rule

PFInterest wrote:
Tue Jul 24, 2018 4:29 pm
You mean the pro-rata rule? Yea big problem.
Yes, that.
by Leesbro63
Tue Jul 24, 2018 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth IRA and Aggregation Rule
Replies: 22
Views: 1223

Backdoor Roth IRA and Aggregation Rule

A family member has been doing the backdoor Roth IRA thing for about 5 years...contributing to a traditional, non-deductible IRA then converting to Roth shortly thereafter. This person today learned about the "aggregate rule", which, frankly, is news to me. There's about $50,000 in an old Traditiona...
by Leesbro63
Tue Jul 24, 2018 12:33 pm
Forum: Personal Consumer Issues
Topic: My New Car Buying Tips
Replies: 316
Views: 83672

Re: My New Car Buying Tips

Give it to charity and move on.
by Leesbro63
Tue Jul 24, 2018 12:05 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2222
Views: 1386179

Re: The Three-Fund Portfolio

Sorry if I have missed this info earlier in the thread, and I am not certain this is the place to post this question. I have been invested in essentially a three fund portfolio for many years, but I still have some straggling emerging markets and developed markets from the "old days" in my taxable ...
by Leesbro63
Mon Jul 23, 2018 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Inflation Adjusting for Standard of Living Increases
Replies: 3
Views: 423

Re: Inflation Adjusting for Standard of Living Increases

FiveK wrote:
Sun Jul 22, 2018 7:36 pm
See Would you rather be a billionaire in 1916, or an average American today? for some related discussion.
This is a great MMM thread. Thank you for the link.
by Leesbro63
Sun Jul 22, 2018 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Inflation Adjusting for Standard of Living Increases
Replies: 3
Views: 423

Inflation Adjusting for Standard of Living Increases

In doing some family genealogy, I came across the will of a person who died in 1912 and left various amounts to various people. I used an online calculator and can see that $1000 then is worth about $25,000 today. But I'm wondering about adjustment for productivity and standard of living. Does this ...
by Leesbro63
Thu Jul 19, 2018 7:51 pm
Forum: Personal Consumer Issues
Topic: My New Car Buying Tips
Replies: 316
Views: 83672

Re: My New Car Buying Tips

Two of them flatly refused to come down. I'm waiting on the third now, and wondering if this is collusion at play! Yep, this was inevitable. All dealers can share profitability and sales statistics among themselves. They to have their industry trade shows and meetings. They also can see each others...
by Leesbro63
Mon Jul 16, 2018 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Duration of Sequence of Return risk for long retirements
Replies: 49
Views: 3559

Re: Duration of Sequence of Return risk for long retirements

So maybe the solution is to delay retirement for 10 more years. Maybe the risk of “retiring now” (whenever “now” is) is too great.
by Leesbro63
Thu Jul 12, 2018 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Grandpa's 88 and has term life insurance
Replies: 39
Views: 2999

Re: Grandpa's 88 and has term life insurance

NotWhoYouThink wrote:
Thu Jul 12, 2018 3:01 pm
We don't know that his rates will remain constant in the future. IIRC, my term insurance policy would have allowed me to extend it past the 10 year term but at rates that started out high and got higher.
1 This. Are you sure the premiums won’t jump at some point?
by Leesbro63
Mon Jul 09, 2018 5:13 pm
Forum: Personal Consumer Issues
Topic: Neighbor’s Contractor Damaged Adjoining Property
Replies: 30
Views: 2187

Re: Neighbor’s Contractor Damaged Adjoining Property

I’m the OP. Thank you for the replies. I have a better understanding of the situation now and will show this thread to my buddy. If it can’t be worked out amicably, he’ll better know his options. No need to continue with discussion of giving legal advice vs not giving legal advice. I just wanted to ...
by Leesbro63
Mon Jul 09, 2018 2:57 pm
Forum: Personal Consumer Issues
Topic: Neighbor’s Contractor Damaged Adjoining Property
Replies: 30
Views: 2187

Neighbor’s Contractor Damaged Adjoining Property

A very good friend recently had concrete damaged on his property by a contractor’s heavy truck. Who does he go after? My guess is that the contractor will ignore it and have other legal roadblocks. But is the neighbor, himself, perhaps responsible, as the contractor was working as his agent? (I’m ju...
by Leesbro63
Mon Jul 09, 2018 1:44 pm
Forum: Investing - Help with Personal Investments
Topic: $13 Million Goal for Early Retirement (am I crazy?)
Replies: 179
Views: 33541

Re: $13 Million Goal for Early Retirement (am I crazy?)

HSA (paying for current expenses out of pocket and saving receipts): $10K cash at HSA bank $23K invested in Fidelity Total Market Index (FSTVX) with Fidelity as administrator I'm curious, if you are cash-flowing healthcare expenses, why do you have $10k in cash in your HSA? I'm not knocking the dec...
by Leesbro63
Mon Jul 09, 2018 6:26 am
Forum: Investing - Theory, News & General
Topic: WCI blog post - "This Real Estate Bubble - Likely Isn't a Bubble"
Replies: 58
Views: 6827

Re: WCI blog post - "This Real Estate Bubble - Likely Isn't a Bubble"

Gosh. If we've learned one thing from being on the planet and paying a modicum of attention the past 40 years or so, it is this. These types of articles or fun to read and talk about. Period. Don't base huge life decisions on the conclusions within. If you read the blog post, you sadly learn that m...
by Leesbro63
Sun Jul 08, 2018 7:41 pm
Forum: Investing - Theory, News & General
Topic: WCI blog post - "This Real Estate Bubble - Likely Isn't a Bubble"
Replies: 58
Views: 6827

Re: WCI blog post - "This Real Estate Bubble - Likely Isn't a Bubble"

Reply to two posts above: I don’t think certain areas going up qualifies as a true “bubble”. We’ve always had hot real estate areas. They change from time to time. A bubble implies a widespread, huge spurt in prices for a large geographic area.
by Leesbro63
Sun Jul 08, 2018 7:14 pm
Forum: Investing - Theory, News & General
Topic: WCI blog post - "This Real Estate Bubble - Likely Isn't a Bubble"
Replies: 58
Views: 6827

Re: WCI blog post - "This Real Estate Bubble - Likely Isn't a Bubble"

Theoretical wrote:
Sun Jul 08, 2018 7:06 pm
Lending standards being better is totally wrong.

Living in Dallas, we definitely have a bad housing bubble going on right now here. Good news is it looks fairly limited.
Isn’t “limited” the thing that determines whether bubble or not a bubble is not a bubble?
by Leesbro63
Sun Jul 08, 2018 6:27 pm
Forum: Investing - Theory, News & General
Topic: WCI blog post - "This Real Estate Bubble - Likely Isn't a Bubble"
Replies: 58
Views: 6827

Re: WCI blog post - "This Real Estate Bubble - Likely Isn't a Bubble"

Bubble? Maybe in California. No bubble here in the Midwest. Healthy gains, but what bubble?
by Leesbro63
Thu Jul 05, 2018 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Bogus PayPal Debt Collection Letter
Replies: 2
Views: 394

Bogus PayPal Debt Collection Letter

Today I received a very authentic-looking collection letter from ACI "American Coradius International LLC" attempting to collect $146.91 from an alleged PayPal debt that I (do not) owe. The letter offers to "accept $110.19". if paid immediately. Oddly, the letter is addressed to my current address. ...
by Leesbro63
Wed Jul 04, 2018 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: Do We need health insurance??
Replies: 137
Views: 9255

Re: Do We need health insurance??

How does one accumulate $14m and not recognize huge risk?
by Leesbro63
Mon Jul 02, 2018 2:38 pm
Forum: Investing - Theory, News & General
Topic: Dividends are not coupons(interest)
Replies: 32
Views: 1900

Re: Dividends are not coupons(interest)

I think the issue became an issue due to the rise in popularity of bond mutual funds over the last generation. Until not too many years ago (less than 10), bond fund payments were known as "interest" and reported as "interest" on Federal tax returns. Somewhere about 2012, this changed and bond fund ...
by Leesbro63
Wed Jun 27, 2018 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: "Who's John Bogle?"
Replies: 17
Views: 2404

Re: "Who's John Bogle?"

My experience is that, sadly, very few “average investors” have ever heard of Mr. Bogle.
by Leesbro63
Wed Jun 27, 2018 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: 529 Withdrawal TIming
Replies: 17
Views: 2752

Re: 529 Withdrawal TIming

It sounds like perhaps the IRS has finally gotten up to speed with 529 withdrawals. I haven't seen any comments here lately regarding issues. In the past there were a lot of posts about it.
by Leesbro63
Wed Jun 27, 2018 2:48 pm
Forum: Investing - Theory, News & General
Topic: When does purchasing equities lose its marginal utility?
Replies: 48
Views: 2583

Re: When does purchasing equities lose its marginal utility?

One doesn't know what the future will bring. I caused some rather heated reaction in another thread by stating that if you need to cut back your lifestyle due to relatively common events, then you failed to plan and save properly. People were talking about stuff that I don't consider to be "black s...
by Leesbro63
Wed Jun 27, 2018 2:47 pm
Forum: Investing - Theory, News & General
Topic: When does purchasing equities lose its marginal utility?
Replies: 48
Views: 2583

Re: When does purchasing equities lose its marginal utility?

But I'd argue that you don't know if you win or lose until you're on your deathbed. :thumbsup That was my point as well. You don't know that you had 'enough' until the 'game' is over. True, but if you try to solve for all edge cases you never retire. So pretty much every who retires early makes thi...
by Leesbro63
Wed Jun 27, 2018 2:42 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2222
Views: 1386179

Re: The Three-Fund Portfolio

For what it's worth, my book arrived from Amazon today. I look forward to reading it. Thank you, Taylor Larimore!
by Leesbro63
Wed Jun 27, 2018 10:54 am
Forum: Investing - Theory, News & General
Topic: When does purchasing equities lose its marginal utility?
Replies: 48
Views: 2583

Re: When does purchasing equities lose its marginal utility?

As to the original question: It's a conundrum. You need the long term horsepower of equities to keep you up with inflation during your remaining lifetime, which might be long. But you don't want the risk of a 1929 or even a 1966 situation. I like the 50/50 solution, although there are those who say ...