Search found 465 matches

by gerntz
Wed Aug 15, 2018 8:31 pm
Forum: Investing - Help with Personal Investments
Topic: Just left Edelman Financial and need help
Replies: 7
Views: 1181

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: 2882

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: 2940

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: Investing - Help with Personal Investments
Topic: help, inheritance of $3.5M, read & read BogleH, & still in the dark
Replies: 33
Views: 4742

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: Investing - Help with Personal Investments
Topic: Going from 80/20 to 50/50-Help me pick a fund
Replies: 16
Views: 2506

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: 17754

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: 3996

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: 3996

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: 17754

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: 17754

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. If expect...
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: 17754

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: 612

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: 3737

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: 1372

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: 1613

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: 17754

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 gettin...
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: 17754

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: 2861

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: Investing - Help with Personal Investments
Topic: Windfall and advice
Replies: 52
Views: 6395

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: Investing - Help with Personal Investments
Topic: To buy or not to buy tax-exempt bonds?
Replies: 6
Views: 951

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: Investing - Help with Personal Investments
Topic: 2M savings investment help
Replies: 49
Views: 10856

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 replica...
by gerntz
Mon Nov 13, 2017 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Why pay cash for a car?
Replies: 250
Views: 33249

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: 249
Views: 36992

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: 3908

Re: Who actually buys lottery scratch offs?

I'm not poor/desperate enough.
by gerntz
Tue Feb 21, 2017 4:34 pm
Forum: Investing - Help with Personal Investments
Topic: Gold vs 401k
Replies: 45
Views: 4370

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: Investing - Help with Personal Investments
Topic: Gold vs 401k
Replies: 45
Views: 4370

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: Investing - Help with Personal Investments
Topic: Gold vs 401k
Replies: 45
Views: 4370

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: 10365

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: Investing - Help with Personal Investments
Topic: Vanguard RMD taxes withheld for Ohio tax
Replies: 2
Views: 476

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: Investing - Help with Personal Investments
Topic: Gold vs 401k
Replies: 45
Views: 4370

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: Investing - Help with Personal Investments
Topic: Gold vs 401k
Replies: 45
Views: 4370

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: Investing - Help with Personal Investments
Topic: Gold vs 401k
Replies: 45
Views: 4370

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: Investing - Help with Personal Investments
Topic: Gold vs 401k
Replies: 45
Views: 4370

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: Investing - Help with Personal Investments
Topic: Gold vs 401k
Replies: 45
Views: 4370

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 the 5 yea...
by gerntz
Sun Feb 19, 2017 5:38 pm
Forum: Investing - Help with Personal Investments
Topic: Gold vs 401k
Replies: 45
Views: 4370

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: Investing - Help with Personal Investments
Topic: What's a bearish investor to do?
Replies: 33
Views: 6030

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: Investing - Help with Personal Investments
Topic: What's a bearish investor to do?
Replies: 33
Views: 6030

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: Investing - Help with Personal Investments
Topic: Cardinal Sin - went to cash the day before 2016 election
Replies: 56
Views: 7496

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 event, ma...
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: 13934

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. The IRS expe...
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: 13934

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: Investing - Help with Personal Investments
Topic: Playing with some tax numbers
Replies: 13
Views: 1464

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: Investing - Help with Personal Investments
Topic: Long-Term Gains and taxes (early retirement strategy)
Replies: 16
Views: 2465

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 inste...
by gerntz
Sun Dec 11, 2016 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: 2016 Federal Taxes underwithheld
Replies: 37
Views: 3445

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 would NOT app...
by gerntz
Sun Dec 11, 2016 8:21 am
Forum: Investing - Help with Personal Investments
Topic: Long-Term Gains and taxes (early retirement strategy)
Replies: 16
Views: 2465

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: Investing - Help with Personal Investments
Topic: Where does Gold fit in passive investing
Replies: 18
Views: 2661

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. It by...
by gerntz
Sun Nov 13, 2016 8:23 pm
Forum: Investing - Help with Personal Investments
Topic: REITs, Gold & Commodities
Replies: 23
Views: 3747

Re: REITs, Gold & Commodities

Richard, sometimes asset classes like Gold and Commodities will help a portfolio and sometimes they wont. Gold over very, very long periods of time have about a zero percent return over inflation. Stocks will help a portfolio & sometimes they won't. I take by "very, very long periods of time" you m...
by gerntz
Sun Nov 13, 2016 8:18 pm
Forum: Investing - Help with Personal Investments
Topic: Investing and Taxes
Replies: 4
Views: 731

Re: Investing and Taxes

Since Tuesday, I get the idea that tax rates & deductions are all going to change for 2018 anyway. Net, hard to make long-term decisions based on taxes now.
by gerntz
Sun Nov 13, 2016 8:15 pm
Forum: Investing - Help with Personal Investments
Topic: Age 92 Dad Wants to Boost stocks
Replies: 52
Views: 7237

Re: Age 92 Dad Wants to Boost stocks

David Jay wrote:If it is money he doesn't need, there is a legitimate argument for assuming more risk to (likely) increase the value of the estate.
Exactly.
by gerntz
Sun Nov 13, 2016 8:14 pm
Forum: Investing - Help with Personal Investments
Topic: Age 92 Dad Wants to Boost stocks
Replies: 52
Views: 7237

Re: Age 92 Dad Wants to Boost stocks

My father, 92 years young, told me today that he wants to raise his allocation from 30% stocks to 50%. After talking to him again about the dangers of market timing, he's willing to moderate his stance a bit. For someone his age and with an adequate portfolio to meet his needs, do you think 50-50 i...