Search found 4369 matches

by dratkinson
Fri Dec 14, 2018 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone have a Simple checking account?
Replies: 9
Views: 796

Re: Anyone have a Simple checking account?

Money is fungible. You don't need to chase bank teaser rates when you can get 2% cashback (which is tax-free) from a CC. Simple actions steps. --Enroll in creditors' ABP (automatic bill payment) plans to pay your annual bills by 2% CC. --Pay your monthly CC bills from your existing checking. So you'...
by dratkinson
Fri Dec 14, 2018 7:54 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding underpayment penalty
Replies: 14
Views: 1211

Re: Avoiding underpayment penalty

Don't know the answer, but would it work to send in the additional tax due with mailed form 4868 (...extension of time to file)?
by dratkinson
Thu Dec 13, 2018 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Is it a Five-Twenty-Nine or a Five-Two-Nine Plan
Replies: 29
Views: 1429

Re: Is it a Five-Twenty-Nine or a Five-Two-Nine Plan

profet wrote:
Thu Dec 13, 2018 1:53 pm
Potato, Potato...

That doesn't work nearly as well in text.
In text, I believe it's "Potato, Potahto".

An opposite example is the word "idea". In text, the "r" is silent.
by dratkinson
Tue Dec 11, 2018 1:41 pm
Forum: Investing - Help with Personal Investments
Topic: Tax-Exempt Bonds for a 22%/24% Marginal Tax Rate?
Replies: 5
Views: 809

Re: Tax-Exempt Bonds for a 22%/24% Marginal Tax Rate?

BH Tax-Exempt Bonds for a 22%/24% Marginal Tax Rate? When I first began here, I was much more conservative while learning. One of the things I've learned is that I can tolerate a little more risk than I first believed. VWLTX/VWLUX. When I went through this exercise while still in the 15% fed tax bra...
by dratkinson
Tue Dec 11, 2018 11:34 am
Forum: Personal Finance (Not Investing)
Topic: TLH when not itemizing
Replies: 6
Views: 803

Re: TLH when not itemizing

sorry - just one more clarification/follow-up question. my understanding is that losses can be used to offset capital gains but not dividend income. after all of your cap gains are offset, then you can use up to $3,000 of losses against any ordinary income including dividends. is that correct ? tha...
by dratkinson
Mon Dec 10, 2018 3:49 pm
Forum: Investing - Help with Personal Investments
Topic: Would this be a wash sale?
Replies: 4
Views: 312

Re: Would this be a wash sale?

Different fund companies + different fund managers + different indexes = not substantially identical funds. From my offline notes: Substantially identical security. For the purpose of avoiding a wash sale, what is a substantially identical security? From: http://www.bogleheads.org/forum/viewtopic.ph...
by dratkinson
Sat Dec 08, 2018 5:10 pm
Forum: Investing - Theory, News & General
Topic: Benchmark for Tax Equivalent Yield?
Replies: 8
Views: 636

Re: Benchmark for Tax Equivalent Yield?

BH Benchmark for Tax Equivalent Yield The total bond market index fund (TBM) is the one cited in the 3-fund portfolio, so it's the one I use as a benchmark. In total market investing (capital appreciation + distributions), distributions are the major component of bond fund total return. So, within r...
by dratkinson
Sat Dec 08, 2018 4:39 pm
Forum: Investing - Help with Personal Investments
Topic: Best Re-balancing technique . . .
Replies: 20
Views: 1393

Re: Best Re-balancing technique . . .

It's easiest to rebalance by sending new money to the ONE asset most under its desired allocation. --If the one asset is in an employer's retirement plan, then you will need to talk to HR. --If the one asset is in an IRA, then you buy it... if you are allowed the contribution. --If the one asset is ...
by dratkinson
Sat Dec 08, 2018 2:48 pm
Forum: Personal Consumer Issues
Topic: LED light bulbs
Replies: 127
Views: 15301

Re: LED light bulbs

After using the 4' kitchen LEDs (above) and finding them acceptable, decided to try replacing a few screw-in used-every-evening bulbs. Long story short. EcoSmart LED bulbs have a 50% failure rate at 2 years. So I'm back to using my CFLs and incandescents*. Will use up what I have while waiting for L...
by dratkinson
Mon Dec 03, 2018 3:56 pm
Forum: Investing - Theory, News & General
Topic: Comparison of tax deferred vs.taxable investments
Replies: 15
Views: 1096

Re: Comparison of tax deferred vs.taxable investments

... Big picture, I can't contribute much to my 401k so I have to put most in taxable and also max Roth IRAs. ... I am doing this exercise because I am considering other jobs and want to attempt to get a fair comparison of salary and all benefits, and this 401k situation is the elephant in the room....
by dratkinson
Sat Dec 01, 2018 7:14 pm
Forum: Investing - Help with Personal Investments
Topic: New to Vanguard (from NWM)
Replies: 17
Views: 996

Re: New to Vanguard (from NWM)

BH advice. All else being equal between two investments, choose the one with the lowest cost. The money you don't spend is yours to keep. Another asset placement option. 401k --S&P500 index fund. Why? Cheapest option. Max this every year. You don’t have to use the higher cost options if you can get...
by dratkinson
Fri Nov 30, 2018 5:43 pm
Forum: Investing - Help with Personal Investments
Topic: New to Vanguard (from NWM)
Replies: 17
Views: 996

Re: New to Vanguard (from NWM)

BH New to Vanguard (from NWM) Get a new FA. Why? I don't believe you are being well served by your FA. Why? --rIRA should be low cost. VA (variable annuity) adds cost. --tIRA should be low cost. VA adds cost. --FA’s advice to not contribute to 401k---when you have low-cost S&P500 option available---...
by dratkinson
Fri Nov 30, 2018 3:16 pm
Forum: Investing - Help with Personal Investments
Topic: What would you do with $6,000 in gold and silver?
Replies: 40
Views: 3323

Re: What would you do with $6,000 in gold and silver?

Search: http://www.google.com/search?q=deduct+loss+on+gold+silver Sell. Deduct loss. Buy TSM (total US stock market index fund). Why? --Gold and silver are commodities. Over the long run they should keep up with inflation. Though at occasional times of market uncertainty they do seem to run up in va...
by dratkinson
Tue Nov 27, 2018 7:46 pm
Forum: Personal Consumer Issues
Topic: Name something you had to have and now you regret purchasing it?
Replies: 444
Views: 54399

Re: Name something you had to have and now you regret purchasing it?

Here's a future regret http://wagonmaster.com Here's my future regret, and current regret I ever sold my 67 bug!!! https://www.classicvwbugs.com/ Miss my bay window bus. Really liked it, except for freezing to death in Omaha. Was at the library recently and stumbled across a YouTube video of someon...
by dratkinson
Sat Nov 24, 2018 6:35 am
Forum: Investing - Help with Personal Investments
Topic: Asset allocation for $5,500
Replies: 8
Views: 1060

Re: Asset allocation for $5,500

"Closed to new investors" = If you currently have money in the fund, then you can add more. Call customer service representative to confirm. Another option. You can use an all-in-one fund and let the fund company manage the allocation for you. The all-in-one funds should be investing in the same und...
by dratkinson
Sat Nov 24, 2018 6:12 am
Forum: Personal Finance (Not Investing)
Topic: Personal Finance Tracking Website to Look Like Microsoft Money "Spreadsheet"?
Replies: 5
Views: 927

Re: Personal Finance Tracking Website to Look Like Microsoft Money "Spreadsheet"?

I'm not familiar with Mint or PC. Still using MYM---Managing Your Money, orphaned desktop personal finance s/w. Idea. Can you download Mint or PC data? If "Yes" then download to Excel and roll-your-own application to do what you want. It'll keep you off the street and out of trouble for a few days. ...
by dratkinson
Thu Nov 22, 2018 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: HSBC online savings; comments?
Replies: 14
Views: 1442

Re: HSBC online savings; comments?

Opened an HSBC account is 2007. Kept it too long after rates dropped. Glad I closed it. One less bother. I made the same mistake 10 years or so ago. Now I use them only because it is hard to move every deposit and automatic payment. It's a terrible bank. Move your deposits and automatic payments. Yo...
by dratkinson
Tue Nov 20, 2018 5:35 pm
Forum: Investing - Help with Personal Investments
Topic: My Name is Paul, and I am a Larimore Boglehead
Replies: 19
Views: 4576

Re: My Name is Paul, and I am a Larimore Boglehead

Hello, Paul. Thank your for your testimony. I've appreciated your sharing over the years.
by dratkinson
Tue Nov 20, 2018 5:25 pm
Forum: Investing - Help with Personal Investments
Topic: Old new investor just woke up needs to catch up
Replies: 59
Views: 6106

Re: Old new investor just woke up needs to catch up

After you pay off your consumer debt, and max all your tax-advantaged retirement plans, then can begin taxable investing. Taxable investing is just like tax-advantaged investing---shoot for the highest risk-adjusted return while minimizing costs (loads, fees, taxes)---only you must pay more attentio...
by dratkinson
Mon Nov 19, 2018 3:00 pm
Forum: Investing - Theory, News & General
Topic: timing muni bond fund sale to maximize tax benefits
Replies: 14
Views: 968

Re: timing muni bond fund sale to maximize tax benefits

Since you've owned BMBX for a while, you know this answer. When your tax-exempt dividends are paid, does the NAV drop the next day? --No, then dividends are not embedded in the NAV. You will get prorated dividend whenever you sell. --Yes, then dividends are embedded in the NAV. You will get the divi...
by dratkinson
Sat Nov 17, 2018 6:12 pm
Forum: Investing - Help with Personal Investments
Topic: Tax lose harvesting bond funds?
Replies: 7
Views: 657

Re: Tax lose harvesting bond funds?

Can tax lose harvesting be done with bond funds? Would changing from intermediate to short term be considered a wash sale? The short answer. An intermediate-term index bond fund and short-term index bond fund follow different indexes, so the funds are not substantial identical. From my offline note...
by dratkinson
Sat Nov 17, 2018 5:54 pm
Forum: Investing - Help with Personal Investments
Topic: Tax lose harvesting bond funds?
Replies: 7
Views: 657

Re: Tax lose harvesting bond funds?

Muni bond TLHing, the short answer on holding period. --Monthly accrual, monthly paid. Must hold shares >half year to protect TE dividends. --Daily accrual, monthly paid. >half year holding period does not apply. From my offline notes: "Daily-accrual" muni fund. A daily-accrual muni fund (not ETF) i...
by dratkinson
Sat Nov 17, 2018 5:40 pm
Forum: Investing - Help with Personal Investments
Topic: 37 year old requests assistance with questions at end.
Replies: 8
Views: 1363

Re: 37 year old requests assistance with questions at end.

... Legacy Employer His 401k (of the total portfolio this is 29%) $7.50 book keeping fee a quarter ... Questions: Should I move my 401k from my legacy employer to my new employer? I have to pay $40 annual for new employer 401k. Is it a major cost to leave my legacy 401k as it is? Should I move it t...
by dratkinson
Sat Nov 17, 2018 4:46 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Daily Market Alerts
Replies: 4
Views: 606

Re: Vanguard Daily Market Alerts

Believe most consider the daily market moves to only noise so should be ignored. The only information we need is the state of our asset allocation (AA) when we have new money to invest, so we can rebalance back to our target AA. Curious. Do you use the daily alerts to trigger transactions? Or is thi...
by dratkinson
Sat Nov 17, 2018 4:18 pm
Forum: Personal Consumer Issues
Topic: which snow blower ?
Replies: 58
Views: 3542

Re: which snow blower ?

I believe most electric snowthrowers* limit cord length to 100', so your 120' driveway may be too far to use an electric. * Snowthrower = single stage. Snowblower = two-stage, second being an impeller. I believe a snowthrower works better with wet snow because the discharge path is straighter---fewe...
by dratkinson
Sat Nov 17, 2018 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: Disclosure: My Colorado muni bond fund: WTCOX.
Replies: 7
Views: 1634

My first TLH of WTCOX.

Reminder. WTCOX is a monthly accrual IT Colorado municipal bond fund. I TLHed covered shares of this fund 7-9 Nov. I was worried about how it would play out. Why? --Westcore Funds (a small fund family) had recently merged into Segall Bryant & Hammill Funds (another small fund family), both now doing...
by dratkinson
Fri Nov 16, 2018 4:34 pm
Forum: Investing - Help with Personal Investments
Topic: My Edward Jones IRA is out performing my Vanguard 401K
Replies: 76
Views: 10243

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

Thank you everyone for the replies. I finally got a chance catch up with my EJ advisor (we just had a new born baby so been busy!). Here is what he said: ...With Guided Solutions, .. Of course if the index is the best performing asset is that asset class, we will use that index (and typically Index...
by dratkinson
Thu Nov 15, 2018 12:02 pm
Forum: Personal Consumer Issues
Topic: Lexus NX vs RX
Replies: 10
Views: 1124

Re: Lexus NX vs RX

More pothole resistant: steel, smaller wheel, high-profile tire. Less pothole resistant: aluminum, larger wheel, low-profile tire. Have been next-vehicle shopping recently and wanting a 15" steel wheel running a high-profile tire---like what's currently on my '90 Montero. Never lost a wheel or tire ...
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: 45
Views: 4722

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: 13119

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: 1176

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: 4968

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: 45
Views: 4722

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: 788

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: 1838

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: 1704

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: 1196

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: 458

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: 11053

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: 11053

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: 1196

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: 254

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: 1394

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: 700

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: 700

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: 7227

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: 518

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: 452

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: 886

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: 76
Views: 10243

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...