Search found 4679 matches

by dratkinson
Wed Nov 13, 2019 4:27 pm
Forum: Personal Investments
Topic: How much to convert from Trad-IRA to Roth
Replies: 11
Views: 585

Re: How much to convert from Trad-IRA to Roth

I've found it easy to use Excel1040.com to answer what-if fed tax return questions: https://sites.google.com/site/excel1040/ Now. --Download Excel1040. --Enter your last tax return data into Excel1040 to create a known baseline tax return. --Tweak your baseline to see how much you can convert withou...
by dratkinson
Tue Nov 12, 2019 5:00 am
Forum: Personal Investments
Topic: Bond for a recovering "xen of bad choices"
Replies: 13
Views: 1293

Re: Bond for a recovering "xen of bad choices"

Today was a holiday. The bond markets were closed, but the stock markets were open. This is why you were able to speak to a Vanguard CSR (customer service representative). ... I already submitted the order (what did you buy?) , and even though holiday, looks like it is executed and vanguard rep told...
by dratkinson
Mon Nov 11, 2019 5:32 pm
Forum: Personal Investments
Topic: Bond for a recovering "xen of bad choices"
Replies: 13
Views: 1293

Re: Bond for a recovering "xen of bad choices"

The short answer. Your worry suggests you should start with VWIUX. The long answer. The TFB article does demonstrate that VWLUX is more risky than VWIUX. And if you foresee the need to spend the principal any time soon then you want to avoid VWLUX. In my case, I don't need to spend principal so opt ...
by dratkinson
Sun Nov 10, 2019 5:50 pm
Forum: Personal Investments
Topic: Bond for a recovering "xen of bad choices"
Replies: 13
Views: 1293

Re: Bond for a recovering "xen of bad choices"

Money in taxable (account) investments must be tax efficient. --REIT is not tax efficient---distributions taxed as ordinary income. --TSM and TISM are tax efficient. TSM annual return is ~100% QDI (qualified dividend income, taxed like LTCG). T I SM annual return is ~70% QDI + ~10% FTC (foreign tax ...
by dratkinson
Sat Nov 09, 2019 4:45 am
Forum: Personal Investments
Topic: For TLH purposes is it better to have everything at one brokerage?
Replies: 4
Views: 410

Re: For TLH purposes is it better to have everything at one brokerage?

The most important part of the TLH is the day you sell to harvest your loss. That date is under your control whether you have one or multiple brokerage/fund family homes. Assume selling/TLHing at brokerage/fund family S , and buying at brokerage/fund family B . The greatest delay is the time taken f...
by dratkinson
Sat Nov 09, 2019 3:26 am
Forum: Personal Investments
Topic: How to optimize $2k bonus for Chase private banking
Replies: 7
Views: 1210

Re: How to optimize $2k bonus for Chase private banking

The short answer. The right hand giveth. The left hand (s) taketh away. I'd pass. The long answer. I'm in the stage of life where I'm trying to simplify my life, so no longer chase account opening bonuses or bank teaser rates. Instead I find it much simpler to get my bonuses by using a 2% CC to pay ...
by dratkinson
Thu Nov 07, 2019 5:40 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting - Is it worth it?
Replies: 93
Views: 14226

Re: Tax Loss Harvesting - Is it worth it?

... It can also be very useful when rebalancing. I was able to use TLH at the end of last year when the market tanked to make some major adjustments to the holdings in my AA. As a result, what would have been a five-figure capital gain was reduced to four-figures. Tax loss harvesting has its uses, ...
by dratkinson
Tue Nov 05, 2019 7:17 am
Forum: Personal Consumer Issues
Topic: Portable Lantern
Replies: 16
Views: 1026

Re: Portable Lantern

Consider how else you might use a lantern and/or headlamp and buy products that do double-duty---satisfies your lighting need today, and for the future in your home and car. Review LED headlamps: http://www.google.com/search?q=review+led+headlamp Review LED lantern: http://www.google.com/search?q=re...
by dratkinson
Mon Nov 04, 2019 5:46 am
Forum: Investing - Theory, News & General
Topic: Vanguard without Jack Bogle - Allan Roth
Replies: 28
Views: 4376

Re: Vanguard without Jack Bogle - Allan Roth

Vanguard rolled its Insured Long Term Tax Exempt fund (VILPX) into its long term national muni fund (VWLTX). This happened in late 2008 during the Great Recession and after several large insurance companies (AIG,...) had filed for bankruptcy protection. I wondered at the time if the two were related.
by dratkinson
Sun Nov 03, 2019 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Best way for someone in Asia to receive funds?
Replies: 12
Views: 807

Re: Best way for someone in Asia to receive funds?

Recall Western Union has offices co-located with Bank of China.
Search: http://www.google.com/search?q=western+ ... k+of+china
by dratkinson
Sun Nov 03, 2019 12:11 pm
Forum: Investing - Theory, News & General
Topic: Tax loss harvesting in M1
Replies: 13
Views: 1625

Re: Tax loss harvesting in M1

If you can’t sell specific shares, then sell the entire fund/ETF if it shows a loss. But make sure that M1 hasn’t made purchases in the past 30 days that might cause a wash sale, including reinvested dividends. (Not that wash sales are illegal or cannot be recovered, but you should know whether or ...
by dratkinson
Sat Nov 02, 2019 9:49 am
Forum: Personal Finance (Not Investing)
Topic: H&R BLOCK Pre-Order 2019 Software Offer
Replies: 100
Views: 7699

Re: H&R BLOCK Pre-Order 2019 Software Offer

IRS Free File online tax return software. Free fed+state+efile if income <$66K (2018 AGI). I like the OLT (Online Tax) product as it seems to be the least restrictive, and have used it since 2012 tax year. SS kicked me over the free file limit for 2018TY so paid OLT $7.95 for fed, $7.95 for state. ...
by dratkinson
Fri Nov 01, 2019 9:52 am
Forum: Personal Consumer Issues
Topic: Halloween Candy - Favorites; Throw it in the Bag
Replies: 61
Views: 3229

Re: Halloween Candy - Favorites; Throw it in the Bag

Almond Joy, Mounds, Hershey bars.


I miss Mars bars in the light green wrapper (60s). Newer stuff (70s+) didn't taste the same.
by dratkinson
Mon Oct 28, 2019 10:59 am
Forum: US Chapters
Topic: Suggestions for the Wiki
Replies: 461
Views: 317398

Re: Suggestions for the Wiki

Suggest restructuring Wiki pages related to planning for children so all are accessed from one top-level page. Suggest new top-level page “Accounts for children”, that links to: --“Custodial savings account and custodial Roth IRA account for children” (re-title topic) Existing: https://www.boglehead...
by dratkinson
Mon Oct 28, 2019 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Best free software to calculate 2019 income tax?
Replies: 6
Views: 860

Re: Best free software to calculate 2019 income tax?

Excel1040.com. "Just the facts, ma'am." --Joe Friday
by dratkinson
Sun Oct 27, 2019 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: TaxAct Discounts for 2019 version
Replies: 27
Views: 1902

Re: TaxAct Discounts for 2019 version

There's also Excel1040.com, a down-loadable spreadsheet. It's fed only and has to be mailed.

As it does capital gains, I've used it several times to play whatifs (research bond fund candidates and AMT exposure) because it's fast to enter only the needed numbers (everything else can be left blank).
by dratkinson
Sat Oct 26, 2019 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: TaxAct Discounts for 2019 version
Replies: 27
Views: 1902

Re: TaxAct Discounts for 2019 version

A vote for OLT (Online Tax) for free fed+state+efile if income <$66K (2018). Enter OLT from IRS referral link to get freefile option. When I started using it several years ago, it seemed to be the least restrictive IRS freefile option. I continue using it for the same reason. It carries over my old ...
by dratkinson
Tue Oct 22, 2019 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: Is principal portion of mortgage counted for savings rate purposes?
Replies: 126
Views: 6663

Re: Is principal portion of mortgage counted for savings rate purposes?

Is repayment of mortgage principal savings? Like do-anything cash-in-hand money? I don't believe so. Semantics. Since a mortgage is a voluntary liability that reduces net worth, you could argue that our net worth would be increased by not having a mortgage. (Believe some folks may use this argument ...
by dratkinson
Mon Oct 21, 2019 7:13 am
Forum: Investing - Theory, News & General
Topic: what was vanguard like before the internet?
Replies: 74
Views: 7298

Re: what was vanguard like before the internet?

Started with Vanguard in 2005: phone call to receive startup kit. Mailed check to fund mmkt in taxable. Made a mistake* on my first online transaction. Called Vanguard and they fixed it. (* Could buy only 5 funds/transaction, so when using percentages (recency bias: copying Aronson Family taxable po...
by dratkinson
Sat Oct 19, 2019 3:03 am
Forum: Personal Investments
Topic: Selling muni bonds now or later?
Replies: 8
Views: 1094

Re: Selling muni bonds now or later?

Suggested (public library) book:
--The Only Guide to a Winning Bond Strategy You'll Ever Need, Swedroe.


Can't help with individual bonds as I decided it was not a skill I wanted to learn, so defer to the wisdom of others.


Welcome.
by dratkinson
Sat Oct 19, 2019 2:41 am
Forum: Personal Finance (Not Investing)
Topic: I bought a STOLEN vehicle!!!
Replies: 106
Views: 15172

Re: I bought a STOLEN vehicle!!!

Aftermath.

IRS Topic No. 515 Casualty, Disaster, and Theft Losses: https://www.irs.gov/taxtopics/tc515
by dratkinson
Fri Oct 18, 2019 5:19 pm
Forum: Personal Consumer Issues
Topic: Are Really Large Battery Brands Fungible?
Replies: 29
Views: 3300

Re: Are Really Large Battery Brands Fungible?

#1. Store batteries until needed? No. I'd be uncomfortable leaving the batteries in storage until the power goes out and then remember to reconnect them. Why? You might forget. (Or you might be gone and spouse might forget, or not remember how.) Ditto if you were absent during a heavy rain + power ...
by dratkinson
Thu Oct 17, 2019 4:32 pm
Forum: Investing - Theory, News & General
Topic: Best CDs beat intermediate bonds?
Replies: 7
Views: 1201

Re: Best CDs beat intermediate bonds?

Before finding the BH way, I came to invest exclusively in CDs... because I lost money everywhere else. Now I invest in a 3-fund portfolio in taxable, and an all-equities "shoot for the moon" play in a small Roth. Higher fixed income yield. I skew to longer-duration and riskier muni funds for more r...
by dratkinson
Thu Oct 17, 2019 2:59 pm
Forum: Personal Consumer Issues
Topic: Are Really Large Battery Brands Fungible?
Replies: 29
Views: 3300

Re: Are Really Large Battery Brands Fungible?

Idea: Belt and suspenders. Are you on a utility water system so you could add a water-powered (2nd backup) sump pump? Search: http://www.google.com/search?q=water-powered+sump+pump Just as a CYA in case your batteries do fail, or you experience heavy rain and an extended power outages. Idea: Interst...
by dratkinson
Tue Oct 15, 2019 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: Convincing a small business employer to offer a 401k/Simple IRA
Replies: 9
Views: 687

Re: Convincing a small business employer to offer a 401k/Simple IRA

Employer's retirement plan. Pro. --If employer offered plan, then employer could personally save more for retirement. (Ditto employees.) --If plan allows after-tax contributions, then employer can use mega backdoor Roth technique. (Ditto.) Con. --More work (someone must administer the plan, must min...
by dratkinson
Mon Oct 14, 2019 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Frustrated with dentist fees
Replies: 82
Views: 6192

Re: Frustrated with dentist fees

After military retirement, I solved my dental insurance problem (in/out of network, not/covered procedures,...) by opting-out. I've self-insured for 20yrs. Most recently: --New patient exam, x-rays, and cleaning: ~$400. (Old dentist closed office.) --Root canal and temporary crown: ~$1100. (My last ...
by dratkinson
Mon Oct 14, 2019 4:39 pm
Forum: Personal Consumer Issues
Topic: How to retrieve measuring stick stuck inside oil delivery pipe?
Replies: 29
Views: 1678

Re: How to retrieve measuring stick stuck inside oil delivery pipe?

Time for more tools. :) See: Recall inspection cameras attached to flexible lighted cables. http://t0.gstatic.com/images?q=tbn:ANd9GcRrGftAyBf3mUtnX6XHTxruNEf0GA_fTmQnJKBt3ndWJpyqqXZ-Jdo5dlaMTw Search: http://www.google.com/search?q=inspection+camera&tbm=isch Grab: --Tongs, if long enough. Could may...
by dratkinson
Mon Oct 14, 2019 2:53 am
Forum: Personal Investments
Topic: Extricating Myself From an Advisor and Investment Bank
Replies: 36
Views: 2372

Re: Extricating Myself From an Advisor and Investment Bank

... I've read conflicting ideas about the SWR. Based on what I've read about the Trinity study, 4% looks pretty solid so 2.5% looks EXTREMELY solid =) I just read this: https://www.bogleheads.org/wiki/Trinity_study_update and it doesn't mention 2.5%. Could you please explain how that number came ab...
by dratkinson
Sun Oct 13, 2019 2:07 pm
Forum: Personal Investments
Topic: Extricating Myself From an Advisor and Investment Bank
Replies: 36
Views: 2372

Re: Extricating Myself From an Advisor and Investment Bank

Others have covered moving your investments in-kind to a new investment home. You can try to maintain a professional relationship with your existing investment manager, but you may discover that you were only renting an assumed friendship. Don't dwell on it if this turns out to be the case. Planning...
by dratkinson
Sat Oct 12, 2019 7:17 pm
Forum: Personal Investments
Topic: Municipal Bond Now vs In Retirement?
Replies: 12
Views: 1080

Re: Municipal Bond Now vs In Retirement?

You may be able to continue using munis if you can withstand more risk. Disclosure. I was in the 15% fed tax bracket immediately after retirement but could see that increasing dividends would push me into the 25% tax bracket. SS would only add to my problems. My solution in 15% tax bracket. I used L...
by dratkinson
Sat Oct 12, 2019 6:38 pm
Forum: Personal Consumer Issues
Topic: Car renting
Replies: 29
Views: 2421

Re: Car renting

<t>Rent-A-Wreck.<br/> <br/> In a prior life, 4 of us younger guys rented an old/huge/gas-guzzler 6-passenger sedan for cheap while working for a week in Colorado Springs. Recalled restrictions were: (1) we had to stay in local area and (2) were not allowed to drive up Pike's Peak---14K feet up, brak...
by dratkinson
Sat Oct 12, 2019 6:00 pm
Forum: Personal Investments
Topic: Total Bond or Intermediate-Term Tax-Exempt in taxable?
Replies: 16
Views: 1693

Re: Total Bond or Intermediate-Term Tax-Exempt in taxable?

Total annual bond fund distributions = total bond fund principal x SEC yield. Simplifying assumption. While above answers for your bond fund candidates may not exactly match reality, their rankings should hold. Excel1040.com. May be easier to use than TT for "what-if" fed tax simulations, but you're...
by dratkinson
Fri Oct 11, 2019 4:39 pm
Forum: Personal Investments
Topic: Please criticize my plan to go from cash to Total bond
Replies: 6
Views: 1584

Re: Please criticize my plan to go from cash to Total bond

Works for me.
--1yr of living expense in cash equivalents: savings, CDs, mmkt.
--3yrs in IT bonds---last tier of formal EFs, home projects, new car, dry powder fund.
--Multiple years in higher risk/reward bonds.
--Everything else in equities.
by dratkinson
Fri Oct 11, 2019 4:02 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 1082
Views: 119770

Re: What frugal thing did you do today?

Blew out my sprinkler system a few hours before a forecast winter storm. Used a larger (CL find) 240v air compressor as the former HF pancake compressor didn't really supply enough air. Larger compressor means it can do the job unattended---no need to switch air off/on to rebuild pressure. While com...
by dratkinson
Thu Oct 10, 2019 11:04 am
Forum: Investing - Theory, News & General
Topic: Plz share what you did to minimize retirement taxes
Replies: 32
Views: 4006

Re: Plz share what you did to minimize retirement taxes

Converted my small tIRA to rIRA in year of military retirement... to git'er done. Foolish, should have waited one year and spread it over several years to avoid bumping up tax brackets. In my defense, this was before finding this forum. Paid cash for home to keep more of limited pension in my pocket...
by dratkinson
Sun Oct 06, 2019 9:43 am
Forum: US Chapters
Topic: Retirement Class of 1998
Replies: 62
Views: 10492

My savings bonds vs. muni bond funds decision.

It's wonderful to read your story Sheepdog!! I wish that annual "class reunion" posts of 10 years, 20 years and 30 years + would become regular threads. We need to hear more about retirees' experiences and to would enjoy celebrating the successes along with you lucky folks. Unfortunately I didn't k...
by dratkinson
Wed Oct 02, 2019 2:53 am
Forum: Personal Investments
Topic: When to Tax loss harvest & portfolio benchmarking
Replies: 10
Views: 1043

Re: When to Tax loss harvest & portfolio benchmarking

What's the best use for the loss represented by your unsold stock? Had to find my offline notes. [begin notes] IRS netting rules for ST and LT capital gains/losses. (From review of IRS QDI and CGs worksheet.) From grabiner: https://www.bogleheads.org/forum/viewtopic.php?p=2770994#p2770994 "You can n...
by dratkinson
Tue Oct 01, 2019 4:51 pm
Forum: Personal Investments
Topic: When to Tax loss harvest & portfolio benchmarking
Replies: 10
Views: 1043

Re: When to Tax loss harvest & portfolio benchmarking

I have 2 questions, unrelated 1) I inherited a stock which was passed on to me which had already had a huge decline from $100k to $8k (unfortunately my granny had a diff investing theory as I :oops: ), I am able to recognize the loss for tax loss harvesting as I was able to transfer it in-kind with...
by dratkinson
Mon Sep 30, 2019 6:54 pm
Forum: Personal Investments
Topic: How doe the TYPICAL investor balance against interest And inflation spike risk?
Replies: 24
Views: 1936

Re: How doe the TYPICAL investor balance against interest And inflation spike risk?

My solution to interest-rate and inflation risk spikes. I could be wrong. The short answer. Plan for the worst (your typical), hope for the best. --I try to plan for typical LT events, not for spikes (infrequent temporary events). But… --I believe longer-duration, higher-yield bonds help to offset i...
by dratkinson
Fri Sep 27, 2019 12:50 pm
Forum: Forum Issues and Administration
Topic: Forum software upgrade bug reports and change requests
Replies: 497
Views: 156783

Re: Forum software upgrade bug reports and change requests

I just stumbled across this thread. One thing I wish would happen, since I save tabs with threads I am interested in, is if I clicked on the thread title or reloaded (either one would do) the posts since I last put the thread in the tab would appear. Now in order to update it, unless I am missing s...
by dratkinson
Wed Sep 25, 2019 5:51 pm
Forum: Personal Investments
Topic: funds appropriate for tIRA and rothIRA split
Replies: 8
Views: 600

Re: funds appropriate for tIRA and rothIRA split

BH funds appropriate for traditional and Roth. Suspected I would forget something. Sorry for the confusion. Data points. Traditional retirement accounts (Should have broken out tIRA vs t401k.) --Contributions are deductible, up to a certain income limit, then you lose the deductions (don't know it o...
by dratkinson
Tue Sep 24, 2019 8:28 pm
Forum: Personal Investments
Topic: funds appropriate for tIRA and rothIRA split
Replies: 8
Views: 600

Re: funds appropriate for tIRA and rothIRA split

Data points. Traditional retirement accounts --Contributions are deductible, up to a certain income limit, then you lose the deductions (don't know it off the top of my head, so search for it). If your contributions are non-deductible, then you want to use the "backdoor Roth" technique. --Withdrawa...
by dratkinson
Tue Sep 24, 2019 6:45 pm
Forum: Personal Consumer Issues
Topic: Stump Grinder - Ridiculous Side Hustle??
Replies: 51
Views: 7387

Re: Stump Grinder - Ridiculous Side Hustle??

My neighbor and I had several large trashy trees removed from our back yards and the stumps ground. A tractor would not have gotten through our narrow gates. Instead, a much smaller and more maneuverable walk-behind stump grinder was used. The chips were left and were not a problem as we scattered t...
by dratkinson
Tue Sep 24, 2019 4:33 pm
Forum: Personal Investments
Topic: Coming to the realization that Traditional is probably wiser
Replies: 42
Views: 6897

Re: Coming to the realization that Traditional is probably wiser

$78,950 taxable income + $24,400 standard deduction = $103,350 gross income You can defer $16k each to Traditional 401k/403b which drops you to $103k Adjusted Gross Income and thus to the 12% bracket. Rest $3k each to Roth 401k/Roth 403b It might be even less to Traditional 403b/401k if you have me...
by dratkinson
Sun Sep 22, 2019 5:51 pm
Forum: Personal Investments
Topic: Coming to the realization that Traditional is probably wiser
Replies: 42
Views: 6897

Re: Coming to the realization that Traditional is probably wiser

--The benefit of a Roth is so great that high-income folks pay more in taxes to use the "Backdoor Roth" and "Mega Backdoor Roth" techniques. You've in a much lower tax bracket so your tax cost is much lower to get into your Roths. You did say your opinion was skewed, but this one is hardly fair. :h...
by dratkinson
Sat Sep 21, 2019 3:13 pm
Forum: Personal Investments
Topic: Coming to the realization that Traditional is probably wiser
Replies: 42
Views: 6897

Re: Coming to the realization that Traditional is probably wiser

Data points. (Based on my skewed opinion.) --You've stated long before I did, so you're doing okay. --Assuming you've read The Millionaire Next Door , then you are familiar with the examples of millionaire retired teachers. In which case they probably don't need the RMDs and would prefer to avoid t...
by dratkinson
Wed Sep 18, 2019 2:30 am
Forum: Personal Investments
Topic: Is private wealth management worth it?
Replies: 47
Views: 6119

Re: Is private wealth management worth it?

Individual muni bonds. Before going the individual muni bond route, read Swedroe's bond book and search for his forum topics describing the individual muni "characteristics to avoid" used by his firm BAM---Birmingham Asset Management, to reject bonds selected for its clients. Recall some of the cha...
by dratkinson
Tue Sep 17, 2019 1:39 pm
Forum: Personal Investments
Topic: Is private wealth management worth it?
Replies: 47
Views: 6119

Re: Is private wealth management worth it?

Congratulations on the sale of your business. Suggested reading. (Get books from public library.) Managing a windfall. --Wiki topic "Managing a windfall": https://www.bogleheads.org/wiki/Managing_a_windfall Investing. -- The Bogleheads’ Guide to Investing . -- The Only Guide to a Winning Bond Strate...
by dratkinson
Fri Sep 13, 2019 11:13 am
Forum: Personal Investments
Topic: Teenager wants to save...
Replies: 29
Views: 2144

Re: Teenager wants to save...

Recommended reading for all young investors. Both cover personal finance topics. Choose your flavor, or both to reinforce learning. The Only Investment Guide You’ll Every Need , Andrew Tobias. How to Make the Most of Your Money , Jane Bryant Quinn. The Bogleheads’ Guide to Investing . A structured ...