Search found 5206 matches

by Leesbro63
Tue Apr 24, 2018 8:04 pm
Forum: Personal Consumer Issues
Topic: Negotiating for a new Toyota.[my fault comparing apples and oranges]
Replies: 34
Views: 2734

Re: Negotiating for a new Toyota.[my fault comparing apples and oranges]

My dealer (not Toyota) didn't allow negotiating (permanent dealer policy), but gave me a $500 discount for going with a color that the manager wanted to move. Then why is he/she your dealer? Are you THAT loyal to spend maybe thousands more because a dealer told you they don’t negotiate? This makes ...
by Leesbro63
Tue Apr 24, 2018 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance Changing Lifestyle
Replies: 78
Views: 8278

Re: Inheritance Changing Lifestyle

With regard to the charity thing: why not do the Warren Buffett approach? Give nothing (ok, a little) now, enjoy the income from an increasing principal amount (even after drawing out the 2-3% income) and leave more to charity when you die. As W.B. figures out years ago: charities will still need mo...
by Leesbro63
Mon Apr 23, 2018 6:57 am
Forum: Investing - Theory, News & General
Topic: Floating Net Worth w/ VT after 5 Years
Replies: 47
Views: 4681

Re: Floating Net Worth w/ VT after 5 Years

The “go to” stock fund for Bogleheads has been Vanguard Total Market (USA). Vanguard Total World makes sense to me. What would be the argument against it (in other words, sticking with Vanguard Total Market/stocking with USA vs World).
by Leesbro63
Tue Apr 17, 2018 4:47 pm
Forum: Investing - Theory, News & General
Topic: How Warren Buffett Won His Multi-Million Dollar Long Bet
Replies: 27
Views: 3403

Re: How Warren Buffett Won His Multi-Million Dollar Long Bet

Very interesting read. One question though for the Total market gurus here: Why does one of the most successful investors in the world, repeatedly stress (in his 2018 annual letter) that one should invest in the American economy for the long term, specifically the S&P 500. He never once mentions in...
by Leesbro63
Tue Apr 17, 2018 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Yet another CP2000 for Roth IRA conversion thread
Replies: 10
Views: 753

Re: Yet another CP2000 for Roth IRA conversion thread

I had something very similar happen a few years ago. I just returned the CP2000, by certified mail, with a note that I believed "everything was filed properly as per the attached". And attached a copy of Forms 1040 and 8606 with the pertinent areas circled in red Sharpie. I got a "get out of jail fr...
by Leesbro63
Tue Apr 17, 2018 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Relative Never Took RMDs on Inherited IRA From 2004
Replies: 19
Views: 2352

Re: Relative Never Took RMDs on Inherited IRA From 2004

I have never heard of an instance where the IRS assessed the 50% penalty tax either proactively or as a result of a denial of a waiver request on Form 5329. If it ever happens it is rare. I had an opportunity recently to speak briefly with a former IRS Commissioner and asked him about this, that is...
by Leesbro63
Tue Apr 17, 2018 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Relative Never Took RMDs on Inherited IRA From 2004
Replies: 19
Views: 2352

Re: Relative Never Took RMDs on Inherited IRA From 2004

What if you distributed the entire IRA now? After you get done with 13 years of distributions, the amount left might not be worth the hassle going forward. If you did that, you could still appeal to the IRS for a waiver of the penalty, as you've taken all possible RMDs as part of liquidating the acc...
by Leesbro63
Mon Apr 16, 2018 4:23 pm
Forum: Personal Consumer Issues
Topic: High Mileage Car Lease
Replies: 14
Views: 728

Re: High Mileage Car Lease

If you really need to lease and burn miles, you can simply get the cheapest lease contract then sell your car prior to your return to the dealer. The mileage would be irrelevant except the cost you will get when you sell it. The depreciation should be less than the mileage overage penalty. But hone...
by Leesbro63
Mon Apr 16, 2018 2:12 pm
Forum: Personal Consumer Issues
Topic: High Mileage Car Lease
Replies: 14
Views: 728

Re: High Mileage Car Lease

If you really need to lease and burn miles, you can simply get the cheapest lease contract then sell your car prior to your return to the dealer. The mileage would be irrelevant except the cost you will get when you sell it. The depreciation should be less than the mileage overage penalty. But hone...
by Leesbro63
Mon Apr 16, 2018 1:34 pm
Forum: Personal Consumer Issues
Topic: High Mileage Car Lease
Replies: 14
Views: 728

Re: High Mileage Car Lease

You can buy extra miles at the time of the lease. The actual cost will vary depending in what you are keasing. I think that is cheaper per mile than having to pay for going over the mileage allowance at the end of a lease. The trick, if course, is only paying for the extra miles that you’ll actuall...
by Leesbro63
Mon Apr 16, 2018 1:13 pm
Forum: Personal Consumer Issues
Topic: High Mileage Car Lease
Replies: 14
Views: 728

High Mileage Car Lease

I'm wondering if there are such things as 20,000 per year car leases, for say a Corolla or Camry? And is a lease for that kind of mileage practical/a decent value? I totally get it that leasing is usually more expensive than buying and not a Boglehead thing to do. But putting that aside, I guess I'm...
by Leesbro63
Sat Apr 14, 2018 4:27 pm
Forum: Investing - Theory, News & General
Topic: Trinity Study updated to 2018
Replies: 113
Views: 9905

Re: Trinity Study updated to 2018

Taylor had the great luck to retire in 1982. What about the Taylors of 1966 and 1939?
by Leesbro63
Fri Apr 13, 2018 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Estimated Taxes: Do you have to pay in equal installments?
Replies: 45
Views: 9298

Re: Estimated Taxes: Do you have to pay in equal installments?

None of this is as onerous now that interest rates are near zero for short term money. It becomes more important when rates are high and there’s a real cost to paying too much too soon.
by Leesbro63
Fri Apr 13, 2018 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Federal Tax Credit If Filing After Apr 17
Replies: 10
Views: 383

Re: Federal Tax Credit If Filing After Apr 17

Thank you all for teasing out the answer. I’m glad we were able to confirm that this refund is applied to the first quarter estimated payment.
by Leesbro63
Fri Apr 13, 2018 7:41 am
Forum: Personal Finance (Not Investing)
Topic: Federal Tax Credit If Filing After Apr 17
Replies: 10
Views: 383

Re: Federal Tax Credit If Filing After Apr 17

I agree it’s a reasonable conclusion and I thank you for trying to help me confirm this. But it’s not clear that this actually confirms it.
by Leesbro63
Fri Apr 13, 2018 7:18 am
Forum: Personal Finance (Not Investing)
Topic: Federal Tax Credit If Filing After Apr 17
Replies: 10
Views: 383

Re: Federal Tax Credit If Filimg After Apr 17

I did some web research but could not find an answer to this specific question. However, I pulled up this years TurboTax and checked out how I would record the application of last years tax refund to this years return. It turns out that the only question I am asked to accomplish this is the amount ...
by Leesbro63
Fri Apr 13, 2018 7:17 am
Forum: Personal Finance (Not Investing)
Topic: Federal Tax Credit If Filing After Apr 17
Replies: 10
Views: 383

Re: Federal Tax Credit If Filimg After Apr 17

I'm not certain what you are asking. Do you want the IRS to hold your refund and apply it your taxes for 2018 income? If so, I think the IRS would consider it paid on the date you file your taxes. Until you actually file, the IRS does not know the exact amount of your refund. Yes, I guess I was not...
by Leesbro63
Fri Apr 13, 2018 6:25 am
Forum: Personal Finance (Not Investing)
Topic: Federal Tax Credit If Filing After Apr 17
Replies: 10
Views: 383

Federal Tax Credit If Filing After Apr 17

Does the credit apply retroactively to April 17th? Meaning, let’s say you file for an extension in April then actually file Form 1040 (or whatever) in October. It turns out that you have a large refund due. If you apply that refund to the current tax year, does the IRS apply it as if it was paid on ...
by Leesbro63
Thu Apr 12, 2018 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: How do I make sure IRS receives my manual tax return ?
Replies: 84
Views: 5096

Re: How do I make sure IRS receives my manual tax return ?

I always make sure I get a refund. Even if just for $3. Sometimes this requires making an estimated payment a few weeks before filing. The refund is proof that they got your tax return.
by Leesbro63
Tue Apr 10, 2018 5:38 am
Forum: Personal Finance (Not Investing)
Topic: Ivy school education. Is it worth it?
Replies: 238
Views: 12446

Re: Ivy school education. Is it worth it?

To OP, If your child is an avg student in HS, the likihood of them succeeding in an Ivy is extremely slim. Very rarely will one suddenly turn on a switch and start improving their study habits in upper education. It is much better for someone to enroll in the school that is their level where they c...
by Leesbro63
Mon Apr 09, 2018 8:03 am
Forum: Investing - Theory, News & General
Topic: Swedroe: Look Beyond 60/40 Portfolio
Replies: 237
Views: 14850

Re: Swedroe: Look Beyond 60/40 Portfolio

Leesbro, Thank you so much for posting that. I guess a 1973-74 scenario, where BOTH stocks and bonds went down at the same time, is the kind of thing that spooks me (and Dr. Bernstein). In 1973-1974, intermediate bonds had positive returns , while stocks lost 40%. I've already reported about it in ...
by Leesbro63
Sun Apr 08, 2018 3:46 pm
Forum: Investing - Theory, News & General
Topic: Swedroe: Look Beyond 60/40 Portfolio
Replies: 237
Views: 14850

Re: Swedroe: Look Beyond 60/40 Portfolio

So if the 10 year treasury bond went from today’s 2.8% to 7% in 2 years, what would happen to the principal value and how long would the higher coupon payments take to get even? Somewhere Dr. Bernstein did a video about the dangers of anything longer than short term bonds. This is my concern. I don...
by Leesbro63
Sun Apr 08, 2018 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Ivy school education. Is it worth it?
Replies: 238
Views: 12446

Re: Ivy school education. Is it worth it?

Here’s my .02: If your kid gets into a true Ivy, it’s probably worth it. For second tier, I would base the decision on how much debt will be needed vs a top state school. If the difference is significant, go state. If the parent can afford it, however, $250,000 Carnegie-Mellon might well be worth th...
by Leesbro63
Sun Apr 08, 2018 1:52 pm
Forum: Investing - Theory, News & General
Topic: Swedroe: Look Beyond 60/40 Portfolio
Replies: 237
Views: 14850

Re: Swedroe: Look Beyond 60/40 Portfolio

So if the 10 year treasury bond went from today’s 2.8% to 7% in 2 years, what would happen to the principal value and how long would the higher coupon payments take to get even? Somewhere Dr. Bernstein did a video about the dangers of anything longer than short term bonds. This is my concern.
by Leesbro63
Sat Apr 07, 2018 8:06 am
Forum: Investing - Theory, News & General
Topic: Swedroe: Look Beyond 60/40 Portfolio
Replies: 237
Views: 14850

Re: More data?

Good post, Taylor. But this might be guilty of selective data picking. What about if you added the 10 years BEFORE this? Leesbro63: I did the best I could. If you can find the data please post it. Thank you and best wishes. Taylor Perhaps someone better than me with charts, etc. can post it. My mem...
by Leesbro63
Sat Apr 07, 2018 7:00 am
Forum: Investing - Theory, News & General
Topic: Swedroe: Look Beyond 60/40 Portfolio
Replies: 237
Views: 14850

Re: Inflation and Bond Returns

I’m not sure that those of you who take comfort in a relative higher interest payment, as a result of a bond fund decline, are factoring in what could happen if rates rise from near zero to anything even close to historic levels. For anything other than short term bonds. It will take years and year...
by Leesbro63
Fri Apr 06, 2018 6:26 pm
Forum: Investing - Theory, News & General
Topic: Swedroe: Look Beyond 60/40 Portfolio
Replies: 237
Views: 14850

Re: Swedroe: Look Beyond 60/40 Portfolio

Rising bond payments don’t offset the decline in bond prices. Of course they do. Maybe not the first year, but you do break even at some point. Inflation is the real danger for bond funds, not rising interest rates. Technically you are right. Practically, though, rising interest rates lower bond pr...
by Leesbro63
Fri Apr 06, 2018 5:06 pm
Forum: Investing - Theory, News & General
Topic: What can we learn from secret millionaires.
Replies: 93
Views: 16544

Re: What can we learn from secret millionaires.

Reading about the primary "secret millionaire" in the story sounds like she gave $0 to charities during her lifetime - waited until the end and forked over 2/3rds to charities. With the tax incentive for charities vanishing (at least for me) I've considered similar. Stop giving today and just wait ...
by Leesbro63
Fri Apr 06, 2018 1:33 pm
Forum: Investing - Theory, News & General
Topic: Swedroe: Look Beyond 60/40 Portfolio
Replies: 237
Views: 14850

Re: Swedroe: Look Beyond 60/40 Portfolio

Rising bond payments don’t offset the decline in bond prices. Of course they do. Maybe not the first year, but you do break even at some point. Inflation is the real danger for bond funds, not rising interest rates. Technically you are right. Practically, though, rising interest rates lower bond pr...
by Leesbro63
Fri Apr 06, 2018 12:03 pm
Forum: Investing - Theory, News & General
Topic: Swedroe: Look Beyond 60/40 Portfolio
Replies: 237
Views: 14850

Re: Swedroe: Look Beyond 60/40 Portfolio

Rising bond payments don’t offset the decline in bond prices.
by Leesbro63
Fri Apr 06, 2018 11:02 am
Forum: Investing - Theory, News & General
Topic: Swedroe: Look Beyond 60/40 Portfolio
Replies: 237
Views: 14850

Re: Swedroe: Look Beyond 60/40 Portfolio

I actually think the REAL problem is good health care and public health! People are living longer than they can save for. It's human nature to spend what you have and that's what most people do. I listened to Dr. Bernstein's new podcast yesterday and he talked about deferring gratification while you...
by Leesbro63
Fri Apr 06, 2018 10:55 am
Forum: Investing - Theory, News & General
Topic: Bogle on stock turbulence: ‘never seen a market this volatile to this extent in my career’
Replies: 88
Views: 12330

Re: Bogle on stock turbulence: ‘never seen a market this volatile to this extent in my career’

I watched Mr. Bogle on TV yesterday and was very surprised to hear him say this. I'm 58 and have been investing for about 30 years. I remember all sorts of volatile periods. With all due respect to Mr. Bogle, perhaps the higher point swings of the current era make the market SEEM more volatile than ...
by Leesbro63
Fri Apr 06, 2018 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Kiddie Tax and 50+% Self Supporting?
Replies: 8
Views: 636

Re: Kiddie Tax and 50+% Self Supporting?

2017 Tax year, 23 YO child graduated college in May 2017, and I’d like to K-1 some income from a Trust I am trustee for, if we can avoid the Kiddie tax. Child worked full time August thru Dec, and earned about $14k. Clearly, I provided most of her support Jan thru May, but much less so afterwards. ...
by Leesbro63
Fri Apr 06, 2018 9:48 am
Forum: Investing - Theory, News & General
Topic: Swedroe: Look Beyond 60/40 Portfolio
Replies: 237
Views: 14850

Re: Swedroe: Look Beyond 60/40 Portfolio

willthrill81 wrote:
Fri Apr 06, 2018 9:45 am
There is significantly less risk with a 60/40 portfolio, but most of the risk that remains (85%) is due to the 60% allocation to stocks.
That might be the case historically, but what about now, with interest rates starting at near zero?
by Leesbro63
Fri Apr 06, 2018 6:02 am
Forum: Personal Finance (Not Investing)
Topic: $30M Umbrella Insurance?
Replies: 31
Views: 3747

Re: $30M Umbrella Insurance?

It's not clear to me why someone's umbrella coverage should equal their net worth. If I have a $5M networth, why do I need five times the coverage as the guy with $1M of networth? Or perhaps more of an issue is why does the guy with $1M of networth "only" need 1/5th the coverage as the guy with $5M....
by Leesbro63
Thu Apr 05, 2018 1:41 pm
Forum: Investing - Help with Personal Investments
Topic: Tranquilizing Fear of Dip after Initial Investment
Replies: 23
Views: 1686

Re: Tranquilizing Fear of Dip after Initial Investment

I suggest the OP maybe meant "paralyzing" fear. Tranquilizing would something different! :sharebeer
by Leesbro63
Wed Apr 04, 2018 11:14 am
Forum: Personal Finance (Not Investing)
Topic: This-millennial-couple-is-saving-150000-a-year-and-plans-to-retire-by-2029-heres-how-they-
Replies: 136
Views: 10401

Re: This-millennial-couple-is-saving-150000-a-year-and-plans-to-retire-by-2029-heres-how-they-

Don't you guys know how the internet works? Here is the internet frugality rule: Everyone that saves less than you is a consumerist spendthrift. Everyone that saves more than you is a sad miser. This is a great quote. Lots of truth there. I could never live like the couple in the article, but there...
by Leesbro63
Wed Apr 04, 2018 11:09 am
Forum: Personal Finance (Not Investing)
Topic: 2018 Camry. What's wrong with me?
Replies: 99
Views: 5387

Re: 2018 Camry. What's wrong with me?

Last weekend I test drove a 2018 Camry. After the drive I walked away feeling numbed. It seemed the new Camry didn't instill any sense of emotions into me. No wows. No oohs. Nothing. It was a nice compliant drive but lacking any connections and excitement. Could it be that I already set up myself f...
by Leesbro63
Wed Apr 04, 2018 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Second Marriage & Beneficiaries Conundrum
Replies: 50
Views: 4203

Re: Second Marriage & Beneficiaries Conundrum

I don't think I like any situation where the intended outcome depends on the surviving spouse to voluntarily follow the plan. Too much can go wrong. A new spouse for the surviving spouse. A surviving spouse who becomes impaired and has a Power of Attorney that acts in the interest of surviving spous...
by Leesbro63
Wed Apr 04, 2018 10:39 am
Forum: Personal Finance (Not Investing)
Topic: 2018 Camry. What's wrong with me?
Replies: 99
Views: 5387

Re: 2018 Camry. What's wrong with me?

Funny. I got an '18 Camry as a rental car recently and was totally impressed at the improvements. Particularly they lowered the center console for more leg-movement room side to side. Dollar for dollar a Camry with a standard option package seems like a great deal/value/quality.
by Leesbro63
Tue Apr 03, 2018 7:18 am
Forum: Personal Finance (Not Investing)
Topic: What age is the best to give a child control of an inheritance?
Replies: 192
Views: 10684

Re: What age is the best to give a child control of an inheritance?

I like 35, maybe even 30 or half at each of those two ages. Someone suggested 21. Really bad idea, IMHO. It might zap the beneficiary’s desire to do the hustle. Not to mention the possibility of a bad marriage that the money can get tangled up in. Out of curiosity - isn’t it a good idea to zap the ...
by Leesbro63
Mon Apr 02, 2018 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: What age is the best to give a child control of an inheritance?
Replies: 192
Views: 10684

Re: What age is the best to give a child control of an inheritance?

You sound like you really have your head on straight. Your grandma can be proud.
by Leesbro63
Mon Apr 02, 2018 2:12 pm
Forum: Investing - Theory, News & General
Topic: William Bernstein: Retirement Investing and Spending in two easy steps
Replies: 77
Views: 9004

Re: William Bernstein: Retirement Investing and Spending in two easy steps

If tax brackets are inflation-indexed using the same inflation measure as used for TIPs, then the real after-tax return of TIPs in a taxable account is unaffected by the tax effects of inflation. The issue is with holding individual TIPs in taxable space as you pay tax annually on nominal income yo...
by Leesbro63
Mon Apr 02, 2018 10:00 am
Forum: Personal Finance (Not Investing)
Topic: What age is the best to give a child control of an inheritance?
Replies: 192
Views: 10684

Re: What age is the best to give a child control of an inheritance?

Definitely need to re-do our will, thanks to this conversation. For full control of a lot of money, 35-40 sounds about right. By that time, they will have established themselves in a career, possibly started a family, been able to make smaller financial mistakes on their own that they (hopefully) l...
by Leesbro63
Mon Apr 02, 2018 7:50 am
Forum: Personal Consumer Issues
Topic: Keeping car for 4-5 years: Buy or lease?
Replies: 20
Views: 3003

Re: Keeping car for 4-5 years: Buy or lease?

Keep it simple, surely. Buy a Civic or Corolla (maybe Prius if the difference vs Corolla isn’t that much). Pay cash. Maintain. Sell easily in 3-5 years. Leasing makes sense if you are sure you can match the lease term to your need. It sounds like your need is fuzzy though.
by Leesbro63
Mon Apr 02, 2018 7:23 am
Forum: Investing - Theory, News & General
Topic: William Bernstein: Retirement Investing and Spending in two easy steps
Replies: 77
Views: 9004

Re: William Bernstein: Retirement Investing and Spending in two easy steps

With SS I have enough if I experience no complications. I do have LTCi, but if more than 3 years, I could run out of money. So I don't want just a TIPS ladder, but the 8-) :o In general an inflation indexed annuity and insurance is the better approach. If there is such a thing as not playing the ga...
by Leesbro63
Mon Apr 02, 2018 7:19 am
Forum: Investing - Theory, News & General
Topic: William Bernstein: Retirement Investing and Spending in two easy steps
Replies: 77
Views: 9004

Re: William Bernstein: Retirement Investing and Spending in two easy steps

I bought into the idea if you have enough and won the game stop playing. But I would state my stop playing is just a lower risk AA. So, I really keep playing but not risking at much. Why beacuse I have enough. So now perserving some of the capital is important to me. I still want the stock gains bu...
by Leesbro63
Mon Apr 02, 2018 4:55 am
Forum: Investing - Theory, News & General
Topic: William Bernstein: Retirement Investing and Spending in two easy steps
Replies: 77
Views: 9004

Re: William Bernstein: Retirement Investing and Spending in two easy steps

Super early retirement (30s, 40s) and even “ordinary” early retirement are totally different things than standard retirement. There’s a lot more time for things to go wrong, for the world to change and even to recover from an early bad result. And there’s the ability to return to the workforce if ne...
by Leesbro63
Sun Apr 01, 2018 9:14 pm
Forum: Investing - Theory, News & General
Topic: William Bernstein: Retirement Investing and Spending in two easy steps
Replies: 77
Views: 9004

Re: William Bernstein: Retirement Investing and Spending in two easy steps

With a LMP approach, someone who is early retiring and needs $40,000 a year in income needs to have over $3,000,000 million just to build the TIPS ladder. Since "enough" appears to mean you need to have even more than that, are we saying that to use a LMP an early retiree needs $4,000,000 to $6,000...