Search found 4341 matches

by dratkinson
Tue Nov 13, 2018 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: How to deposit cash in online account with no local branch
Replies: 43
Views: 4217

Re: How to deposit cash in online account with no local branch

I bank with Schwab and do not have a local bank account. When I receive large amounts of cash I just buy a money order from Western Union in the grocery store. It only costs a few dollars and you can take a picture of the money order and deposit it just like a check. I find paying this small fee is...
by dratkinson
Mon Nov 12, 2018 5:10 pm
Forum: Personal Consumer Issues
Topic: Worth fixing a 30-year-old Maytag dryer?
Replies: 66
Views: 12809

Re: Worth fixing a 30-year-old Maytag dryer?

Even if you don't do anything else, be sure to replace the hoses to the washing machine if you have not replaced them in the last ten years or so. These get brittle and if they break while you are not home then they can cause major water damage. This is a good recommendation for everyone. Even bett...
by dratkinson
Sat Nov 10, 2018 2:32 pm
Forum: Investing - Help with Personal Investments
Topic: Muni Bond funds and Capital Gains
Replies: 11
Views: 1100

Re: Muni Bond funds and Capital Gains

All bond funds can distribute capital gains generated from internal fund operation. It's not a common occurrence, but also not uncommon. A capital event (gain/loss) is generated when the fund sells an individual bond for less/more than they paid for it. I believe this only happens when a bond is sol...
by dratkinson
Sat Nov 10, 2018 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: Doing taxes by hand
Replies: 83
Views: 4777

Re: Doing taxes by hand

I have used Free Fillable Forms for the past several years. I like that it does much of the math for me but otherwise it is exactly like doing it with pencil & paper, but I can still efile. ... I've used freefile s/w (fed, state, efile) the past few years and like OLT, it seems to offer the most le...
by dratkinson
Wed Nov 07, 2018 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: How to deposit cash in online account with no local branch
Replies: 43
Views: 4217

Re: How to deposit cash in online account with no local branch

CUs have more shared branch locations that banks. So I use a local B&M CU that is part of the CU co-op network. (It's like walking into Wells Fargo and being able to access your accounts at Chase, Citi, and BofA.) Account inactivity and escheatment. --Account inactivity (fees) was a problem for me i...
by dratkinson
Sat Nov 03, 2018 2:12 pm
Forum: Investing - Help with Personal Investments
Topic: Tax-efficient fund placement
Replies: 8
Views: 774

Re: Tax-efficient fund placement

Tried a few "bond" thing over the years. --CDs. No purchase limit, lower yield, taxable. --Safe bonds in tax advantaged. Purchase limit, low-yield, low-growth, boring. --Savings bonds. Purchase limit, low-yield, fed taxable, low state tax benefit, another account to manage. --Munis. No purchase limi...
by dratkinson
Sat Nov 03, 2018 1:26 pm
Forum: Personal Consumer Issues
Topic: Buying a mini-van
Replies: 25
Views: 1796

Re: Buying a mini-van

While researching mini-vans, be sure to include the Honda Pilot. While it's listed as an SUV, it test drove more like a very quiet comfortable car.
by dratkinson
Sat Nov 03, 2018 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: Help a new guy!
Replies: 21
Views: 1674

Re: Help a new guy!

Partial answer. Just starting out, maxing your savings rate is more important than hitting your exact AA (asset allocation: stock/bond ratio). Using an all-in-one fund in your tax-advantaged space (IRA, 401k, his, hers) offers some advantages. --Gets your desired stock/bond AA now so simpler to mana...
by dratkinson
Fri Nov 02, 2018 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Can I have my SS deposited directly into a Vanguard MM fund?
Replies: 7
Views: 1183

Re: Can I have my SS deposited directly into a Vanguard MM fund?

Yes. I do. Used the same Vanguard bank routing information I used to set up a DD from my employer. As mine is a Vanguard mutual fund account, not a brokerage account, my DD is to tax-exempt mmkt. I'm guessing that your mutual fund account has checking associated with it, hence the routing and accou...
by dratkinson
Fri Nov 02, 2018 2:36 pm
Forum: Investing - Theory, News & General
Topic: Tax loss harvesting date calcuator
Replies: 3
Views: 432

Re: Tax loss harvesting date calcuator

If I wish to tax loss harvest a VEU purchase made 10/1/18... Family accounts. Does your information include all family accounts? I ask because a recent poster lost a TLH because his wife purchased the same fund recently enough in her account to trigger the replacement shares/wash sale issue when he...
by dratkinson
Fri Nov 02, 2018 1:12 pm
Forum: Investing - Help with Personal Investments
Topic: Panic set in... now what?
Replies: 63
Views: 10901

Re: Panic set in... now what?

Food for thought. You may find these (public library) books to be helpful. -- The Boglehead's Guide to Retirement Planning . -- How to Make Your Money Last , Jane Bryant Quinn. Data points. --Need a mix of stock/bonds to survive the pressure of retirement withdrawals. --A 4% SWR (safe withdrawal rat...
by dratkinson
Fri Nov 02, 2018 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: Panic set in... now what?
Replies: 63
Views: 10901

Re: Panic set in... now what?

#1. Stop listening to market news. That stuff is a killer of nerve. #2. Right-size your investments. We can help you do that. You've lived long enough to know the market will do what it will do. You also know that over the long term the market goes up. So bailing out of the market now may be more ri...
by dratkinson
Fri Nov 02, 2018 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Can I have my SS deposited directly into a Vanguard MM fund?
Replies: 7
Views: 1183

Re: Can I have my SS deposited directly into a Vanguard MM fund?

Yes.

I do. Used the same Vanguard bank routing information I used to set up a DD from my employer. As mine is a Vanguard mutual fund account, not a brokerage account, my DD is to tax-exempt mmkt.
by dratkinson
Thu Nov 01, 2018 12:40 pm
Forum: Investing - Theory, News & General
Topic: Turnover effect on Dividend Yields Taxes
Replies: 2
Views: 227

Re: Turnover effect on Dividend Yields Taxes

My faulty memory recalls our preferred taxable holdings should have a turnover rate of <25%. Avoiding STCG (short-term capital gains) and increasing the opportunity to receive QDI (qualified dividend income) are probably the reasons. Once a fund turns over 100%/yr, then any gains would seem to be ST...
by dratkinson
Tue Oct 30, 2018 11:32 am
Forum: Investing - Theory, News & General
Topic: "The long term...."
Replies: 10
Views: 1377

Re: "The long term...."

The recommended vehicles and time horizons for saving for goals is:
0-5 yrs: insured savings.
>5 yrs: safe bond funds.
>10 yrs: safe stock funds.

So long term could be as short a 10 years.
by dratkinson
Mon Oct 29, 2018 11:58 am
Forum: Investing - Theory, News & General
Topic: Emergency Fund as Part of Bond Portfolio? What fund to use?
Replies: 4
Views: 689

Re: Emergency Fund as Part of Bond Portfolio? What fund to use?

Also see next, plus its internal links. "Are you too wealthy for a LIQUID emergency fund?": viewtopic.php?f=10&t=262554
by dratkinson
Sat Oct 27, 2018 6:41 pm
Forum: Investing - Theory, News & General
Topic: Emergency Fund as Part of Bond Portfolio? What fund to use?
Replies: 4
Views: 689

Re: Emergency Fund as Part of Bond Portfolio? What fund to use?

Enough. The senior BHs say, "When we have enough, then we don't need a dedicated EF because all of our investments become our EF." I've embraced this advice. A few year back I got on a kick to simplify my life while reaching for additional yield; I believed I could tolerate the additional risk. I n...
by dratkinson
Sat Oct 27, 2018 2:53 am
Forum: Personal Consumer Issues
Topic: How many miles (total) on car before buying another car ?
Replies: 114
Views: 7153

Re: How many miles (total) on car before buying another car ?

Protective tech. If protective tech is your #1 priority, then should replace every year to get new protective tech or better implementations of older protective tech. Theft protection. Do what you can, add after-market anti-theft tech if you must, and let insurance cover the rest. Fuel economy. You ...
by dratkinson
Thu Oct 25, 2018 1:06 pm
Forum: Investing - Help with Personal Investments
Topic: Wash sale with TLH
Replies: 9
Views: 510

Re: Wash sale with TLH

If Vanguard knows. If Vanguard knows about both taxable accounts, they'll take care of adjusting the cost basis of wife's purchase. It's your choice whether/when you sell wife's shares---now or later---as Vanguard does the remembering for you. If Vanguards doesn't know. If Vanguard does not know ab...
by dratkinson
Wed Oct 24, 2018 2:12 pm
Forum: Investing - Help with Personal Investments
Topic: Corporate vs Muni default rate
Replies: 3
Views: 446

Re: Corporate vs Muni default rate

I used this reference a few years back while researching single-state muni funds.
Bond credit rating: https://en.wikipedia.org/wiki/Bond_credit_rating
by dratkinson
Wed Oct 24, 2018 5:22 am
Forum: Personal Finance (Not Investing)
Topic: ESPP purchase doesn't add up
Replies: 12
Views: 877

Re: ESPP purchase doesn't add up

Not a seasoned investor. No experience with to ESPP. Tax on sale. I looked at my 2016 1099B (most recent) and see box 4 is for any Fed Tax Withheld. Tax on purchase. But how is an ESPP discount taxed and reported on a purchase? See: http://www.google.com/search?q=How+is+ESPP+discount+taxed%3F+W-2 Ab...
by dratkinson
Tue Oct 23, 2018 3:11 am
Forum: Investing - Help with Personal Investments
Topic: My Edward Jones IRA is out performing my Vanguard 401K
Replies: 65
Views: 8203

Re: My Edward Jones IRA is out performing my Vanguard 401K

Example: VTSAX (Vanguard total US stock market index, $10K min investment for Admiral shares) has distributed 100% QDI (qualified dividend income, previously taxed at corporate rate) for the past several years. Not to nitpick, but this is not actually true. My 2016 and 2017 1099-DIV's show VTSAX pa...
by dratkinson
Mon Oct 22, 2018 5:12 pm
Forum: Investing - Help with Personal Investments
Topic: My Edward Jones IRA is out performing my Vanguard 401K
Replies: 65
Views: 8203

Re: My Edward Jones IRA is out performing my Vanguard 401K

BH My Edward Jones IRA is out performing my Vanguard 401K Congratulations. You are the only person I’ve seen come here who was happy with their EJ investments. :) Just wanted to emphasize two points, and provide two additional avenues to investigate your IRA investments. From articpinapplecorp two p...
by dratkinson
Sun Oct 21, 2018 8:30 pm
Forum: Personal Consumer Issues
Topic: Headlamp for dog walking
Replies: 30
Views: 2099

Re: Headlamp for dog walking

You don't need much light to walk at night when your eyes are dark-adapted---a full moon is sufficient. And lower power = longer runtime. I was given a Petzl Tikkina as a gift several years back. --Then: ~5 & ~20 lumen modes, 3xAAA batteries last a long time, ~$20. Well-rated by outdoorgearlab. --No...
by dratkinson
Sun Oct 21, 2018 7:21 pm
Forum: Personal Consumer Issues
Topic: No power in half the house
Replies: 17
Views: 1668

Re: No power in half the house

Glad OP got problem fixed. Guessing multiple local residents called about same problem so power company suspected common equipment fault. Had an intermittent power problem after moving in. Half the house would temporarily lose power, and then be restored---digital clocks flashing "12:00", UPS alarm ...
by dratkinson
Sun Oct 21, 2018 6:21 pm
Forum: Investing - Help with Personal Investments
Topic: Municipal Money Market Fund
Replies: 15
Views: 1448

Re: Municipal Money Market Fund

Might consider the ST muni fund (VWSTX). --Lower annual price fluctuations. --As daily accrual, no IRS 6mo holding period requirement. --As ST bond, no Vanguard frequent trading policy---can withdraw today, deposit tomorrow. --But a 1099B on every withdrawal, so average cost basis might be easiest t...
by dratkinson
Thu Oct 18, 2018 7:35 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Precious Metals and Mining Fund is changing
Replies: 84
Views: 11943

Re: Vanguard Precious Metals and Mining Fund is changing

Prospectus implied this would be an active fund, so we'll need to wait and see what Wellington Mgmt buys to get a better idea of direction. I have a loss in this fund. Acknowledge the uncertainty and urge to run for the exit. But it's in my play money Roth IRA, so can't TLH. And play money is for th...
by dratkinson
Wed Oct 17, 2018 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Wallet-size personal investing handout to jumpstart learning.
Replies: 10
Views: 1165

Re: Wallet-size personal investing handout to jumpstart learning.

... My one concern about your card is that the first two underlined points remind me of those ads: "One scientifically proven trick to get abs of steel that your doctor doesn't want you to know!" In this case it's true, but I think well-adjusted 21st century adults have learned to immediately dismi...
by dratkinson
Wed Oct 17, 2018 3:49 am
Forum: Personal Finance (Not Investing)
Topic: Wallet-size personal investing handout to jumpstart learning.
Replies: 10
Views: 1165

Re: Wallet-size personal investing handout to jumpstart learning.

My old PC doesn't let me print to a PDF file. (It might if I got out the old install CDROM and could find a PDF driver.) And it will not be until next weekend when I'm again at the public library with their better machines. So.... But I do like the idea of having others take a cut at making this a u...
by dratkinson
Tue Oct 16, 2018 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Wallet-size personal investing handout to jumpstart learning.
Replies: 10
Views: 1165

Wallet-size personal investing handout to jumpstart learning.

BH Wallet-size personal investing handout to jumpstart learning If you like this idea, feel free to modify it for yourself. In my beginning here, I was so excited by my changed investing success that I told everyone I met. Most seemed to be politely interested, so I don’t know if they did/could foll...
by dratkinson
Tue Oct 16, 2018 10:25 am
Forum: Investing - Help with Personal Investments
Topic: Introduction and some questions!
Replies: 13
Views: 1376

Re: Introduction and some questions!

Suggested books. -- The Boglehead's Guide to Retirement Planning . -- How to Make Your Money Last , Jane Bryant Quinn. Most parts will not apply to your situation, skim them so you know they exist. Then read in-depth the parts that do. General advice. Where recommended author agree, that is the cent...
by dratkinson
Tue Oct 16, 2018 8:48 am
Forum: Investing - Help with Personal Investments
Topic: First time TLH Questions, constrained by spouse's work
Replies: 17
Views: 1399

Re: First time TLH Questions, constrained by spouse's work

If you sell all the shares purchased with the dividends before doing the TLH, you would avoid the wash sale. I believe this is incorrect. Works in taxable because you’re selling the replacement shares and thus realizing the “disallowed” loss that would have been added to their cost basis anyway. Do...
by dratkinson
Mon Oct 15, 2018 11:06 pm
Forum: Personal Consumer Issues
Topic: What the heck is growing in my yard?
Replies: 71
Views: 5938

Re: What the heck is growing in my yard?

Only deer I every got was with a 327 (in '62 Chevy Impala). Forester BIL harvested it after calling the police. Cost me a headlight and trim ring. Think I eventually ate some of that deer.


Waste not, want not. After you eat the inside out of roadkill, can turn the outside into carrion luggage.
by dratkinson
Mon Oct 15, 2018 10:32 pm
Forum: Investing - Help with Personal Investments
Topic: First time TLH Questions, constrained by spouse's work
Replies: 17
Views: 1399

Re: First time TLH Questions, constrained by spouse's work

... If you sell all the shares purchased with the dividends before doing the TLH, you would avoid the wash sale. I thought about that. But didn't know how it would work. Why? The TA accounts are probably set up to use average cost basis, ...so how would OP target the sale to specific share lots---t...
by dratkinson
Mon Oct 15, 2018 8:58 pm
Forum: Investing - Help with Personal Investments
Topic: First time TLH Questions, constrained by spouse's work
Replies: 17
Views: 1399

Re: First time TLH Questions, constrained by spouse's work

BH First time TLH Questions, constrained by spouse's work The short answer. --Every purchase (new money, reinvested distributions) results in replacement shares. --Every replacement share results in a wash sale when paired with a TLH (31-day window, plus/minus). --To reduce wash sale potential, own ...
by dratkinson
Sun Oct 14, 2018 12:46 pm
Forum: Investing - Help with Personal Investments
Topic: 56-year-old beginning the Boglehead journey - portfolio & tax efficiency questions
Replies: 7
Views: 1078

Re: 56-year-old beginning the Boglehead journey - tax efficiency question

BH 56-year-old beginning the Boglehead journey - tax efficiency question Everything affects everything. You shouldn’t make any change without considering everything. So instead of trying to piecemeal your solution---asking one question at a time---it's a more efficient use of your time to tackle eve...
by dratkinson
Sat Oct 13, 2018 4:37 pm
Forum: Personal Consumer Issues
Topic: Gas Fireplaces
Replies: 22
Views: 1696

Re: Gas Fireplaces

Product manual. You'll need to read closely to determine if the unit will fit your application. All seem to be laid out a little different, so the information you seek may be buried in different sections. If it does not specifically say it will work for your application, then don't trust that it wil...
by dratkinson
Sat Oct 13, 2018 1:07 pm
Forum: Personal Consumer Issues
Topic: Gas Fireplaces
Replies: 22
Views: 1696

Re: Gas Fireplaces

BH Gas Fireplaces Interesting to read what others have done. OP’s issues. Check the manufacturer's product manual carefully to understand unit’s capabilities. --Ensure it says it will work during a power outage. --Determine if control is for flame height (doesn’t control room temperature), or is a t...
by dratkinson
Sat Oct 13, 2018 6:48 am
Forum: Investing - Theory, News & General
Topic: Is EMH a tautology?
Replies: 108
Views: 4892

Re: Is EMH a tautology?

BH Is EMH a tautology EMH's scientific value. I don't have the background to dis/prove it. And reading discussions of deep theory (strong, weak, semi-strong) soon make my head hurt. As an average investor, I need simple action steps to execute. EMH's personal value. It offers an explanation for why ...
by dratkinson
Thu Oct 11, 2018 1:39 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone tax loss harvesting bond funds?
Replies: 12
Views: 1132

Re: Anyone tax loss harvesting bond funds?

rookie question: if one is in a tax-free fund like the vanguard California Tax Exempt (VACDX), is tax loss harvesting even doable? VADCX perhaps? The short answer. Yes. A TLH is based on the fund's NAV. So if you have a loss on paper, you account for that on your taxes if you sell. Just like if you...
by dratkinson
Thu Oct 11, 2018 1:01 pm
Forum: Investing - Help with Personal Investments
Topic: anybody sell I Bonds to buy something else?
Replies: 38
Views: 3595

Re: anybody sell I Bonds to buy something else?

Got on a simplification + tax-efficiency kick in 2015. (Forum had recently discussed ways to simplify our investments/lives prior to the onset of old age mental decline.) Adopted livesoft's idea to increase tax-efficiency. What? Get rid of investments that produce Sch B part I income. Why? Taxed as ...
by dratkinson
Thu Oct 11, 2018 12:05 pm
Forum: Personal Consumer Issues
Topic: Keep a backup hot water heater?
Replies: 104
Views: 5610

Re: Keep a backup hot water heater?

Replace your WH now if it worries you. If long outside of its warranty period, it may be too late to try to extend its life by replacing anode now*. * Tried to have my anode replaced when I bought house. Plumber wanted to know age of WH (manufacture date on metal tag) and its warranty period (model ...
by dratkinson
Thu Oct 11, 2018 8:34 am
Forum: Personal Consumer Issues
Topic: Feeling Guilt among family/peers
Replies: 42
Views: 5268

Re: Feeling Guilt among family/peers

Might want to focus on the benefits of practicing stealth wealth vs conspicuous consumption. Practicing stealth wealth avoids a lot of problems (guilt, loan requests,...). Search: http://www.google.com/search?q=stealth+wealth For family/peers, if the talk turns to money, can volunteer something like...
by dratkinson
Wed Oct 10, 2018 9:24 pm
Forum: Investing - Theory, News & General
Topic: Vanguard - You'll need to sign up for security codes soon
Replies: 182
Views: 24132

2FA security code can be waived. It was for me.

(Read this page. Didn't read previous pages.) Received Vanguard email saying monthly statement was ready. Followed bookmarked URL to Vanguard statement webpage. (Old PC doesn't like Vanguard's new homepage or personal homepage.) Statement webpage request intercepted by login screen. (As normal. Old ...
by dratkinson
Wed Oct 10, 2018 4:38 am
Forum: Investing - Help with Personal Investments
Topic: Retirement Portfolio Review Request - 5 years later
Replies: 10
Views: 1687

Re: Retirement Portfolio Review Request - 5 years later

Couple additional points I found out: 1) No charges or fees for brokerage link on current retirement plan - and it's a full trading capability brokerage account up to 100%, all available mutual funds, stocks, ETF's, etc. No issue with rolling over the old accounts - it appears I could roll over dir...
by dratkinson
Tue Oct 09, 2018 11:55 am
Forum: Investing - Help with Personal Investments
Topic: Retirement Portfolio Review Request - 5 years later
Replies: 10
Views: 1687

Re: Retirement Portfolio Review Request - 5 years later

BH Retirement Portfolio Review Request - 5 years later Old 403b/401k. If former employers are charging you more to hold your money, may have option to... --Roll them into IRA(s). (More control.) --Roll them into current employer's 401k. (Have read this has more protection than IRA. Research this.) R...
by dratkinson
Mon Oct 08, 2018 6:48 am
Forum: Personal Finance (Not Investing)
Topic: A strategy to pay off home at retirement?
Replies: 57
Views: 4292

Re: A strategy to pay off home at retirement?

Generally, I like the idea of being mortgage-free in retirement. One less thing to worry about. Idea. You might be able to have your cake and eat it too. How? Maybe consider paying off your house with a reverse mortgage. I have no idea how the numbers work out. Don't know if a RM is a good idea if ...
by dratkinson
Sat Oct 06, 2018 8:04 am
Forum: Personal Finance (Not Investing)
Topic: A strategy to pay off home at retirement?
Replies: 57
Views: 4292

Re: A strategy to pay off home at retirement?

Generally, I like the idea of being mortgage-free in retirement. One less thing to worry about. Idea. You might be able to have your cake and eat it too. How? Maybe consider paying off your house with a reverse mortgage. I have no idea how the numbers work out. Don't know if a RM is a good idea if i...
by dratkinson
Thu Oct 04, 2018 7:34 pm
Forum: Investing - Help with Personal Investments
Topic: What's the best method for immediately selling off my ESPP shares?
Replies: 25
Views: 2056

Re: What's the best method for immediately selling off my ESPP shares?

BH What's the best method for immediately selling off my ESPP shares. I always calculated the minimum share price to not end up with a loss after commissions and did a limit order for that. Why did I not want a loss? I often had new shares being purchased within 30 days and didn’t want to end up wit...
by dratkinson
Sun Sep 30, 2018 11:18 am
Forum: Personal Consumer Issues
Topic: Water on Countertop in Basement
Replies: 15
Views: 1244

Re: Water on Countertop in Basement

Idea. --Buy a water alarm ("The Watchdog" water alarm, HD, 9v). --Dry the spot. --Put water alarm in same spot. --Wait for it to alarm and then go see where the water is coming from. When done with this experiment. Place water alarm in basement near water heater, or under first-floor water sources (...