Search found 469 matches

by gerntz
Tue Dec 31, 2019 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: Financial planners/asset managers reasonable cost...
Replies: 15
Views: 1331

Re: Financial planners/asset managers reasonable cost...

Here is what I want (call it what you like....financial planning, asset management or whatever): I want someone to invest my financial assets with the goal of capital preservation but at same time at least beating inflation. I don't really care to beat the market. I am 70 and DW is 62. I want the f...
by gerntz
Tue Dec 31, 2019 2:47 pm
Forum: Personal Investments
Topic: Secure act - should I shift to taxable
Replies: 69
Views: 8300

Re: Secure act - should I shift to taxable

So after reading the changes coming with secure act, I have even more concerns now with retirement account tax bombs. I absolutely do not want to leave a multi-million dollar tax bomb to my daughter that she will have to liquidate in 10 years, that is insane. So I’m thinking I need to drop my 401k ...
by gerntz
Sun Jul 07, 2019 9:58 am
Forum: Personal Consumer Issues
Topic: Gillette Skinguard razor
Replies: 5
Views: 978

Re: Gillette Skinguard razor

Just curious, if it's working for you why do you need other people's opinion, lol? I guess I don't 'need' other opinions, but am curious. I can't imagine that I am suggesting a razor the the manufacturer and I admit that does not produce a 'close' shave. When is a comfortable shave more important t...
by gerntz
Sat Apr 06, 2019 9:21 am
Forum: Investing - Theory, News & General
Topic: Schwab Fixed Monthly Fee CFP Advice
Replies: 24
Views: 2750

Re: Schwab Fixed Monthly Fee CFP Advice

Don't forget the point Zweig made in WSJ that Schwab requires at least 6% of assets be kept in their own bank savings account at 0.7% interest currently. Money markets paying 2.25%. Net, that 1.55% difference on 6% of assets costs equals about 0.10% loss of income. Schwab may recommend as high at 30...
by gerntz
Wed Aug 15, 2018 8:31 pm
Forum: Personal Investments
Topic: Just left Edelman Financial and need help
Replies: 7
Views: 1391

Re: Just left Edelman Financial and need help

I thought DFA required you having an advisor approved by them.
by gerntz
Sat Jun 23, 2018 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: Sibling wants to share house sale proceeds - best way to avoid gift taxes?
Replies: 22
Views: 3085

Re: Sibling wants to share house sale proceeds - best way to avoid gift taxes?

When dad and mom passed away, their house was inherited by one of my sisters (this was not an an issue in the family, it is a long story but we all agreed and were happy for her to have the house). Many years later, sister has gotten married, and she and brother-in-law are selling this house. They ...
by gerntz
Sat Jun 23, 2018 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes from dividends getting high.. how to handle?
Replies: 24
Views: 3290

Re: Taxes from dividends getting high.. how to handle?

If you don't want div income, invest in low div growth stocks. The income comes from selling the stocks - when you wish to have the income.
by gerntz
Sat Jun 23, 2018 3:37 pm
Forum: Personal Investments
Topic: help, inheritance of $3.5M, read & read BogleH, & still in the dark
Replies: 33
Views: 5159

Re: help, inheritance of $3.5M, read & read BogleH, & still in the dark

(1) I would hire a financial advisor for 0.5-1.0% at Fidelity or Charles Schwab with fiduciary responsibility. That will take the management off your hands--the people on this forum groove on doing it your self, but that is not normal for most. At $2.5M+ of investment assets, 0.5% advisor fee is wa...
by gerntz
Mon Feb 05, 2018 8:28 pm
Forum: Personal Investments
Topic: Going from 80/20 to 50/50-Help me pick a fund
Replies: 16
Views: 2718

Re: Going from 80/20 to 50/50-Help me pick a fund

Don't do anything & you'll be 50/50 shortly.
by gerntz
Sun Jan 28, 2018 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 198
Views: 19222

Re: Stats on When People Take Social Security

Historical patterns have been consistent - cannot get much of a current 62 year old delaying % until they themselves reach 70. Please see the additional post above about how much the average and mean retired family have in their spending budget and where it is sourced. Thanks, but looks to me the a...
by gerntz
Sun Jan 28, 2018 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Transfer money to family members to take advantage of lower tax rates
Replies: 35
Views: 4382

Re: Transfer money to family members to take advantage of lower tax rates

First of all, they would blow through the zero bracket quickly. Second, what you are describing is a sham transaction and would be ignored by the IRS. OP, the recipient of the gift inherits your cost basis for capital gains purposes. If I understand it correctly, let's say you gifted stock worth $1...
by gerntz
Sun Jan 28, 2018 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Transfer money to family members to take advantage of lower tax rates
Replies: 35
Views: 4382

Re: Transfer money to family members to take advantage of lower tax rates

First of all, they would blow through the zero bracket quickly. Second, what you are describing is a sham transaction and would be ignored by the IRS. OP, the recipient of the gift inherits your cost basis for capital gains purposes. If I understand it correctly, let's say you gifted stock worth $1...
by gerntz
Sun Jan 28, 2018 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 198
Views: 19222

Re: Stats on When People Take Social Security

From this chart it looks like the vast majority file when they stop working, so if they stop at 62 they file at 62 and if they stop at 65 they file at 65.... https://www.ssa.gov/policy/docs/ssb/v71n4/v71n4p1.html I don't see that from data provided. Please explain. What saddens me is the % of peopl...
by gerntz
Sun Jan 28, 2018 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 198
Views: 19222

Re: Stats on When People Take Social Security

If the most recent trends continue that US Life expectancy go down, then I suppose that may be "good" for the financial health of the SS retirement system. :confused https://www.usatoday.com/story/news/2017/12/21/u-s-life-expectancy-drops-second-year-drug-deaths-spike-cdc/970283001/ Sure....
by gerntz
Sun Jan 28, 2018 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 198
Views: 19222

Re: Stats on When People Take Social Security

From this chart it looks like the vast majority file when they stop working, so if they stop at 62 they file at 62 and if they stop at 65 they file at 65.... https://www.ssa.gov/policy/docs/ssb/v71n4/v71n4p1.html I don't see that from data provided. Please explain. What saddens me is the % of peopl...
by gerntz
Sun Jan 28, 2018 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card Recommendation for daughter
Replies: 5
Views: 710

Re: Credit Card Recommendation for daughter

The Citi MC & Fidelity Visa are both 2% back on everything. Keeping track of rotating higher % back categories may be more effort than worth to her. I say keep it simple at this stage in her life/career.
by gerntz
Sun Jan 28, 2018 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Buying a house, 15yr vs 30yr loan?
Replies: 29
Views: 4588

Re: Buying a house, 15yr vs 30yr loan?

With new $750K limit on mortgage interest deduction, I think any mortgage larger than that more & more favors 15 years the larger over $750K it gets; i.e., you don't want to be paying interest you can't deduct.
by gerntz
Sun Jan 28, 2018 9:00 am
Forum: Personal Finance (Not Investing)
Topic: TurboTax glitch w/Form 1116 when e-filing
Replies: 13
Views: 1639

Re: TurboTax glitch w/Form 1116 when e-filing

Thanks as we use it.

Unless 1116 changed from '16, seems quite odd that it would have an issue in '17.
by gerntz
Sun Jan 28, 2018 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Capital Gains Tax Question
Replies: 8
Views: 1825

Re: Capital Gains Tax Question

chabil wrote: Sat Jan 27, 2018 8:16 pm The capital gains can affect your MAGI income for Medicare tax.
We're getting trapped on this for '17 due to MLP reorganizing & throwing off a bunch of unwanted LTCG.
by gerntz
Fri Jan 19, 2018 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 198
Views: 19222

Re: Stats on When People Take Social Security

If you are a single female, you are somewhat shortchanged by early SS since the tables SSA uses are unisex and females, on average, live longer. Since a single female gets the same monthly benefit as a single male of same age and SS payments in, & on average females live longer, they are not ge...
by gerntz
Tue Jan 16, 2018 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 198
Views: 19222

Re: Stats on When People Take Social Security

I'll start taking SS in a few months when I reach 70. Looking back, I think that was only the best idea if we have a stock market huge crash before I die. Otherwise, taking it at 62 would have kept our taxes down over my life & thus netted us ahead.
by gerntz
Thu Dec 14, 2017 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming a Fee-Only Financial Advisor Help
Replies: 19
Views: 3155

Re: Becoming a Fee-Only Financial Advisor Help

How much will you pay me to let you be my advisor?
by gerntz
Sat Nov 18, 2017 11:31 am
Forum: Personal Investments
Topic: Windfall and advice
Replies: 52
Views: 7749

Re: Windfall and advice

There's nothing wrong with having an advisor with a low expense indexing philosophy to get you started and help you set up a plan, and then beginning to manage the portfolio yourself. Well, if said advisor puts you in funds that require an advisor, such as DFA, hard to get away from said advisor wi...
by gerntz
Sat Nov 18, 2017 11:26 am
Forum: Personal Investments
Topic: To buy or not to buy tax-exempt bonds?
Replies: 6
Views: 1066

Re: To buy or not to buy tax-exempt bonds?

I'd be more concerned with return than expense ratio meaning that if a state-specific fund for your state historically returns better FOR YOU than a mixed/all state fund & it's highly rated, I'd go with the state-specific one. Me, I use state-specific funds & buy individual bond offerings.
by gerntz
Mon Nov 13, 2017 1:47 pm
Forum: Personal Investments
Topic: 2M savings investment help
Replies: 49
Views: 11492

Re: 2M savings investment help

Why add the complexity of a ladder of individual munis when you could put it all in Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX)? https://personal.vanguard.com/us/funds/snapshot?FundId=0542&FundIntExt=INT With varying maturities of individual bonds, in my estimation, it rep...
by gerntz
Mon Nov 13, 2017 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Why pay cash for a car?
Replies: 250
Views: 37525

Re: Why pay cash for a car?

Well, even tho it costs more, I lease now. I fear the rapid technology changes today will leave me stuck with an outdated car 3-4 years from now.
by gerntz
Sat Oct 21, 2017 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone here with net worths north of $1 mil use financial advisors?
Replies: 349
Views: 57911

Re: Does anyone here with net worths north of $1 mil use financial advisors?

I just want to offer a slightly different perspective. Pretty much by definition, if you're on this site, it's because you enjoy handling your own investments. Why would you hire a financial advisor? Some people would just rather not put in the effort of choosing investments, balancing, etc., so th...
by gerntz
Sun Sep 10, 2017 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Who actually buys lottery scratch offs?
Replies: 43
Views: 4216

Re: Who actually buys lottery scratch offs?

I'm not poor/desperate enough.
by gerntz
Tue Feb 21, 2017 4:34 pm
Forum: Personal Investments
Topic: Gold vs 401k
Replies: 45
Views: 4951

Re: Gold vs 401k

Gold's drop as a currency happened well before the US$ value increased - by about two years. It hasn't dropped in $ value since the $ took off mid-2014 - the point I was making. Net, it's kept pace with the $ as a currency since then. You're right that you cheery picked 6 years ago. I'm either very...
by gerntz
Tue Feb 21, 2017 4:32 pm
Forum: Personal Investments
Topic: Gold vs 401k
Replies: 45
Views: 4951

Re: Gold vs 401k

Gold's drop as a currency happened well before the US$ value increased - by about two years. It hasn't dropped in $ value since the $ took off mid-2014 - the point I was making. Net, it's kept pace with the $ as a currency since then. You're right that you cheery picked 6 years ago. I'm either very...
by gerntz
Mon Feb 20, 2017 3:44 pm
Forum: Personal Investments
Topic: Gold vs 401k
Replies: 45
Views: 4951

Re: Gold vs 401k

There have been some problems with this graph brought up in the past, mostly about the lack of accurate records kept in the early 1800's, but it is somewhat useful to make a point nevertheless. http://www.marottaonmoney.com/wp-content/uploads/2014/09/9298-figure-1.jpg Gold will probably get a bump ...
by gerntz
Sun Feb 19, 2017 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Credit cards vs. Cash
Replies: 123
Views: 11270

Re: Credit cards vs. Cash

TxAg wrote:

Agreed. I rarely have cash on me and when I do, I tend to spend a few bucks here and there without a second thought. I prefer using the card...keeps my wallet thin
So how do you gift to the guy that asks if you can spare some change?
by gerntz
Sun Feb 19, 2017 5:55 pm
Forum: Personal Investments
Topic: Vanguard RMD taxes withheld for Ohio tax
Replies: 2
Views: 551

Re: Vanguard RMD taxes withheld for Ohio tax

Take the withdrawal & write a check to OH from it.
by gerntz
Sun Feb 19, 2017 5:53 pm
Forum: Personal Investments
Topic: Gold vs 401k
Replies: 45
Views: 4951

Re: Gold vs 401k

To ignore the inherent beauty of gold & silver & the ability to form them into pleasing shapes is mindlessness. Why value art? It's just paint thrown/smeared on canvas or wood.
by gerntz
Sun Feb 19, 2017 5:49 pm
Forum: Personal Investments
Topic: Gold vs 401k
Replies: 45
Views: 4951

Re: Gold vs 401k

There have been some problems with this graph brought up in the past, mostly about the lack of accurate records kept in the early 1800's, but it is somewhat useful to make a point nevertheless. http://www.marottaonmoney.com/wp-content/uploads/2014/09/9298-figure-1.jpg Gold will probably get a bump ...
by gerntz
Sun Feb 19, 2017 5:47 pm
Forum: Personal Investments
Topic: Gold vs 401k
Replies: 45
Views: 4951

Re: Gold vs 401k

rattlenap wrote:The real value of it is $500 per once or less.
The real value is the price. Anything else is opinion - and wrong.
by gerntz
Sun Feb 19, 2017 5:45 pm
Forum: Personal Investments
Topic: Gold vs 401k
Replies: 45
Views: 4951

Re: Gold vs 401k

HarleyHabit wrote:Number 1 reason I decided not to touch gold. Eventually in my lifetime I believe we will be able to make the stuff.
LOL
by gerntz
Sun Feb 19, 2017 5:42 pm
Forum: Personal Investments
Topic: Gold vs 401k
Replies: 45
Views: 4951

Re: Gold vs 401k

1. You can't just look at changes in the S&P 500 over time without including dividends . If you include reinvested dividends (which is what most investors do), the S&P 500 returned 324% since 1/1/1997 (his 20 year period)- which beats the return for both gold and silver that he stated. In t...
by gerntz
Sun Feb 19, 2017 5:38 pm
Forum: Personal Investments
Topic: Gold vs 401k
Replies: 45
Views: 4951

Re: Gold vs 401k

Hi guys, I'm 21 and have my first real career after college. I'm deciding how to invest. I want to put away 20% throughout my career life. I'm confused. This guy has a video which seems to have supporting wvidence that gold and silver returns are far superior to the dow, and sp 500. I'm thinking of...
by gerntz
Fri Jan 20, 2017 4:00 pm
Forum: Personal Investments
Topic: What's a bearish investor to do?
Replies: 33
Views: 6302

Re: What's a bearish investor to do?

So the problem with gold is when to get in (when will it go lower?) and when to get out (when will the next crisis really be over?). That's market timing. The long term return of gold has not been good so your money there could be wasted (not growing as you expect). If you own an ounce of gold now,...
by gerntz
Wed Jan 18, 2017 8:42 am
Forum: Personal Investments
Topic: What's a bearish investor to do?
Replies: 33
Views: 6302

Re: What's a bearish investor to do?

So the problem with gold is when to get in (when will it go lower?) and when to get out (when will the next crisis really be over?). That's market timing. The long term return of gold has not been good so your money there could be wasted (not growing as you expect). If you own an ounce of gold now,...
by gerntz
Mon Jan 16, 2017 3:36 pm
Forum: Personal Investments
Topic: Cardinal Sin - went to cash the day before 2016 election
Replies: 56
Views: 7839

Re: Cardinal Sin - went to cash the day before 2016 election

Don't see a reason to be upset over what's happened in these 2.5 months. Heck, I'm down about 1.5% since election due to gold & bonds. Just decide where you want to be & stick with it. An advisor once asked me how big an assets loss I could stomach. I said 40%. He said that in a black swan e...
by gerntz
Mon Dec 12, 2016 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Age to Take Social Security: The Ideal and the Reality
Replies: 83
Views: 14983

Re: Age to Take Social Security: The Ideal and the Reality

I honestly don't fully understand the "wait" decision from a financial standpoint. You are taking a lot of risk by not taking the money. And the payback timeline for a breakeven analysis for most people is in their early 80s, which is at roughly the current mortality age for men/women. Th...
by gerntz
Mon Dec 12, 2016 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Age to Take Social Security: The Ideal and the Reality
Replies: 83
Views: 14983

Re: Age to Take Social Security: The Ideal and the Reality

I think it is naïve to think that most people have the option of waiting till 70 to collect SS. You either have to be in a profession that will allow you to work till 70 or you will need to have saved enough to cover the gap from the time you retire to age 70. Most on this board are lucky enough to...
by gerntz
Mon Dec 12, 2016 8:36 am
Forum: Personal Investments
Topic: Playing with some tax numbers
Replies: 13
Views: 1541

Re: Playing with some tax numbers

Buy a tax prep program & plug in the numbers.
by gerntz
Sun Dec 11, 2016 8:18 pm
Forum: Personal Investments
Topic: Long-Term Gains and taxes (early retirement strategy)
Replies: 16
Views: 2619

Re: Long-Term Gains and taxes (early retirement strategy)

You can use that appreciated stock for gifting & deduct the current value while the cap gains tax goes away if gifted to charity. That's actually my current strategy; monthly I buy more VTSAX shares with what I would've contributed to a couple of charities and then once a year I donate shares i...
by gerntz
Sun Dec 11, 2016 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: 2016 Federal Taxes underwithheld
Replies: 37
Views: 3522

Re: 2016 Federal Taxes underwithheld

Another way to add extra to get the total withholding needed would be to withdraw the necessary amount from a tax-deferred account and arrange that ALL of it be "withheld". If you are old enough (you are in retirement), there would be no penalty. Any rules about quarterly requirements wou...
by gerntz
Sun Dec 11, 2016 8:21 am
Forum: Personal Investments
Topic: Long-Term Gains and taxes (early retirement strategy)
Replies: 16
Views: 2619

Re: Long-Term Gains and taxes (early retirement strategy)

If the growth is mostly from dividend reinvestment, then your capital gains may a good deal less than you might be guessing they are. Do you know what your cost basis is for your various lots? JW yeah - I finally went through and calculated (to the best of my knowledge) my cost basis for all the sh...
by gerntz
Fri Dec 09, 2016 12:11 pm
Forum: Personal Investments
Topic: Where does Gold fit in passive investing
Replies: 18
Views: 2933

Re: Where does Gold fit in passive investing

I hold gold ETF's to the tune of 6-7% of assets. I see them as a cash reserve as easily accessible as a CD. It can only be devalued by those that don't see it as having value & not by governments. That alone is a significant reason to hold for me. I don't get the commodity view of gold at all. I...