Search found 44 matches

by macrocarpa77
Thu Nov 03, 2011 7:39 pm
Forum: Investing - Theory, News & General
Topic: Tax treatment of physical gold in an IRA?
Replies: 4
Views: 553

Re: Tax treatment of physical gold in an IRA?

This was also my understanding. Once any withdrawal is made that tax would be due and payable. If the gold is held in a Roth IRA there would be no tax on the sale or eventual distribution. My assumption, which might be wrong, was that we were talking about a Roth. I should have clarified earlier as...
by macrocarpa77
Thu Nov 03, 2011 4:24 pm
Forum: Investing - Theory, News & General
Topic: Tax treatment of physical gold in an IRA?
Replies: 4
Views: 553

Re: Tax treatment of physical gold in an IRA?

There is a lengthy list of investments the IRS allows one to hold in an IRA -- including physical gold. They aren't just limited to traditional stocks, bonds and mutual funds. About the only thing you *can't* purchase in an IRA is a collectible -- like artwork. Other than that, just about anything g...
by macrocarpa77
Thu Nov 03, 2011 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Software for Social Security Disability Income?
Replies: 3
Views: 610

Re: Tax Software for Social Security Disability Income?

As mentioned earlier, Social Security income due to disability is generally treated the same as Social Security retirement income. As far as the multiple methods one can use to figure tax due on lump sum payments, I would be surprised if that wasn't included in pretty much any tax package. I know fo...
by macrocarpa77
Wed Oct 12, 2011 9:33 am
Forum: Personal Consumer Issues
Topic: What to do with all my old books?
Replies: 23
Views: 2234

Another vote for amazon. I recently cut down my library. Anything worth $8 or more went on amazon. The rest were donated to the local thrift store or thrown away if severely damaged.
by macrocarpa77
Thu Oct 06, 2011 4:49 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in Gold
Replies: 58
Views: 9253

So please shoo her away from gold funds and toward owning bullion. I disagree. While I prefer bullion, I think owning the GLD is equally valid. Owning gold through an ETF is much more affordable. The spread on bullion is significant not to mention annual storage costs. You may also want to encourag...
by macrocarpa77
Wed Oct 05, 2011 11:46 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in Gold
Replies: 58
Views: 9253

Re: Investing in Gold

My sister is considering investing in gold. Is this a good idea right now? She is considering two funds: If her investment plan calls for a gold allocation then yes. I don't know anything about the funds you mentioned. My holdings are in physical bullion however a gold ETF such as GLD would work as...
by macrocarpa77
Wed Sep 28, 2011 9:38 pm
Forum: Personal Consumer Issues
Topic: Question for bogleheads with no kids
Replies: 225
Views: 18221

Re: Question for bogleheads with no kids

I am 30 and my gf is 27, she is wanting to have a kid in a couple of years and right now the thought of becoming financially independent excites me a lot more than a kid(hope that's not messed up). No, that's not messed up at all. Some people don't place a high priority on having their own children...
by macrocarpa77
Sun Sep 25, 2011 11:58 pm
Forum: Personal Consumer Issues
Topic: Cash appropriate for wedding gift?
Replies: 45
Views: 6752

Re: Cash appropriate for wedding gift?

I'm thinking $100 is appropriate with a card? Anything wrong with this? Two weeks ago I attended the wedding of a couple of high school friends. I went single (divorced). In the 15 years since high school, we've exchanged hellos a few times but that's it. I actually settled with $50. $100 seemed al...
by macrocarpa77
Sat Sep 24, 2011 12:11 am
Forum: Investing - Help with Personal Investments
Topic: What would you do as a $1,000 "fun" investment?
Replies: 60
Views: 6128

Re: What would you do as a $1,000 "fun" investment

So I opted to open up a brokerage account and I'm going to toss my $1,000 in. I'd like to put it in to something that's fairly risky on the risk/return continuum. I was thinking about a small cap ETF, but I've never owned shares of an individual stock before so there's some novelty in that as well....
by macrocarpa77
Wed Sep 21, 2011 7:57 pm
Forum: Investing - Help with Personal Investments
Topic: Closing Vanguard Account Issues
Replies: 18
Views: 3071

Re: Closing Vanguard Account Issues

I know it won't work, but I'm going to send a demand letter to Vanguard's CEO threatening to sue I sympathize with your situation. This does seem odd because Vanguard usually is so loose about instructions by mail in the first place. Odd that they require a notary when things like asset transfers c...
by macrocarpa77
Wed Sep 21, 2011 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Title Insurance on the land and new construction....
Replies: 22
Views: 4750

2) What I most want to know is .......since I have title insurance on the real property and since I am the original owner of the improvement (because I built this house) what is the purpose of getting title insurance on the improvement I am more concerned with title defects than a mechanics lien I ...
by macrocarpa77
Mon Sep 12, 2011 11:46 pm
Forum: Personal Consumer Issues
Topic: Should I save my old cell phones?
Replies: 19
Views: 3126

Re: Should I save my old cell phones?

Keep one or two more recent models if you are with the same carrier. It sounds like you are still with Verizon. If your new phone begins to die you can go on the Verizon web site and do an ESN swap back to your old phone. If it's completely dead, they can do this over the phone with you. Aside from ...
by macrocarpa77
Mon Sep 12, 2011 11:40 pm
Forum: Personal Finance (Not Investing)
Topic: Selling an underwater house
Replies: 28
Views: 4406

Re: Selling an underwater house

Monthly payment (principal, interest, insurance, tax) is $1743. It is rented out at $1250. Tenant takes excellent care of the property and has always paid on time. However, market rent is closer to $1700-$1750. This seems like a problem. There is rarely a good reason to rent a property below market...
by macrocarpa77
Wed Sep 07, 2011 7:39 pm
Forum: Investing - Help with Personal Investments
Topic: Stock certificates - defunct companies?
Replies: 6
Views: 1953

Oh, if you don't mind, I'd be very interested to hear how you make out on this -- in particular with Volvo. If you would update the thread regarding the Volvo shares, that would be really cool. That's an interesting situation there dealing directly with a foreign company.
by macrocarpa77
Wed Sep 07, 2011 7:37 pm
Forum: Investing - Help with Personal Investments
Topic: Stock certificates - defunct companies?
Replies: 6
Views: 1953

Re: Stock certificates - defunct companies?

I have several stock certificates of Allied Signal, Inc (merged with Honeywell in 1999) and Mack Trucks (now owned by the Volvo Group). How can I determine if they have any value? Thanks. I helped a family member once with a similar situation. She had physical certificates for shares in a company w...
by macrocarpa77
Tue Sep 06, 2011 10:06 pm
Forum: Personal Consumer Issues
Topic: I Don't have an Iphone!!!
Replies: 34
Views: 3820

I'll hang on to VTSAX, and have all those iPhone users pay me, than pay for an iPhone! :D
by macrocarpa77
Tue Sep 06, 2011 9:23 pm
Forum: Investing - Theory, News & General
Topic: Are CD's bonds?
Replies: 38
Views: 3290

The answer to this question really depends on context. If we are talking about asset allocation in order to minimize risk while maximizing returns it's inappropriate to consider a CD a bond. Stocks and bonds are only loosely correlated. Generally, a bull market in stocks depresses bond prices and vi...
by macrocarpa77
Mon Sep 05, 2011 12:51 pm
Forum: Personal Consumer Issues
Topic: Any fountain pen aficionados?
Replies: 19
Views: 3231

And of course you had a "desk blotter," for fountain pens too. At home, the "secretary" (furniture for writing) would have had one. Usually intended to be somewhat elegant or goodlooking, it was a sort of frame with four leather corners--like photo corners--holding down a big piece of, yes, blottin...
by macrocarpa77
Mon Sep 05, 2011 12:37 am
Forum: Personal Consumer Issues
Topic: Any fountain pen aficionados?
Replies: 19
Views: 3231

What's a fountain pen?

Ok, ok... I know what one is but some of us younger folks have never even seen one in real life, let alone actually use one. And a "dip pen" what is that? a step up from a turkey quill?

:lol:
by macrocarpa77
Thu Sep 01, 2011 10:16 pm
Forum: Personal Finance (Not Investing)
Topic: I've just made $2Million Now What?
Replies: 52
Views: 11721

Re: I've just made $2Million Now What?

My first reaction is to simply continue to maintain my current allocations and just top off each category with $2Million. Do you all agree with that approach? While this seems reasonable to me, I would urge you to take a breath first. I think time is on your side here. Have you fully appreciated th...
by macrocarpa77
Tue Aug 30, 2011 10:21 pm
Forum: Personal Consumer Issues
Topic: extended warranty for washer & dryer
Replies: 18
Views: 3911

Re: extended warranty for washer & dryer

I can buy five years extended warranty for $233.99 for washer and $215.99 for dryer. Are these appliance warranty plans worth buuying These extended warranties are almost always a losing proposition. With that said, I've purchased extended warranties on two things. One was a high end Kenmore washer...
by macrocarpa77
Sun Aug 28, 2011 11:45 pm
Forum: Investing - Theory, News & General
Topic: 53% of Stock Trading is High Frequency Trading
Replies: 64
Views: 6578

I strongly disagree about being blase about high frequency traders. The money they're skimming is coming right out of the market's total return. Automated high frequency trading isn't something I've studied much at all so I don't understand how "skimming" might be occurring which would come "right ...
by macrocarpa77
Sun Aug 28, 2011 11:35 pm
Forum: Investing - Theory, News & General
Topic: Take out a Loan, Purchase a Rental Property
Replies: 4
Views: 764

Re: Take out a Loan, Purchase a Rental Property

Borrowing money to purchase investment property is par for the course. As an aside, I notice you mentioned buying a house. It's usually difficult to get a reasonable return on single family homes. The price per unit goes down significantly once you get to 4 or more units. I highly recommend this boo...
by macrocarpa77
Sun Aug 28, 2011 11:22 pm
Forum: Investing - Help with Personal Investments
Topic: What is the IRS' definition of a trust?
Replies: 6
Views: 1107

I've seen "trust account" used in two ways. There are probably others. The first case is a trust account that I keep security deposits in which actually belong to renters. In this instance, it's called a trust account under state law. I'm required to keep security deposits in a separate account from...
by macrocarpa77
Sun Aug 28, 2011 11:04 pm
Forum: Personal Consumer Issues
Topic: name of glass tubes inside 1970's TV?
Replies: 68
Views: 11255

For anyone who is hardcore into tubes or radio, this youtube video is amazing! http://www.youtube.com/watch?v=gl-QMuUQhVM It shows a radio amateur making tubes from scratch. Blowing glass -- the whole nine yards. It culminates in the assembly of of a functional CW transceiver built from his hand mad...
by macrocarpa77
Sun Aug 28, 2011 10:59 pm
Forum: Personal Consumer Issues
Topic: What plant should I get?
Replies: 23
Views: 2231

What about a Peace Lilly? I've never kept one but they are supposed to be like tanks and they flower.

While it's probably more than you want to take up right now, there is no reason you can't mix plants and fish! Search google for dutch or amano aquariums. They are simply stunning!
by macrocarpa77
Sun Aug 28, 2011 2:20 pm
Forum: Investing - Theory, News & General
Topic: I bonds
Replies: 38
Views: 6109

blevine wrote:Buy bonds with a fixed rate of zero ?
Well, I don't consider I Bonds to be bonds in the sense of investing in a bond fund. With the exception of being locked in for 12 months, I treat I Bonds like cash.
by macrocarpa77
Sun Aug 28, 2011 1:19 pm
Forum: Investing - Help with Personal Investments
Topic: Yet Another Roth Excess Contribution Story
Replies: 4
Views: 833

That's certainly an option.
by macrocarpa77
Sun Aug 28, 2011 1:03 pm
Forum: Investing - Help with Personal Investments
Topic: Yet Another Roth Excess Contribution Story
Replies: 4
Views: 833

That sounds like a reasonable approach that meshes well with my somewhat obsessive need to tie up loose ends like this. Thank you.
by macrocarpa77
Sat Aug 27, 2011 11:03 pm
Forum: Investing - Theory, News & General
Topic: I bonds
Replies: 38
Views: 6109

Does anyone have a good read on how early in the month you need to mail in your order for I-Bonds to the Federal Reserve so that you receive that month's date for the bonds? Mailed out a check on 8/11 and it posted to my account 8/16. Haven't received the physical bonds yet though. Those bonds from...
by macrocarpa77
Sat Aug 27, 2011 10:22 pm
Forum: Investing - Help with Personal Investments
Topic: Yet Another Roth Excess Contribution Story
Replies: 4
Views: 833

Yet Another Roth Excess Contribution Story

I've noticed the forum archives are full of Roth excess contribution issues but I wasn't able to find any similar to mine. Just for the heck of it, I pulled out some old tax returns -- nothing like some exciting reading, no? Anyway, it turns out that in 2004 I made an excess contribution of $30 and ...
by macrocarpa77
Sat Aug 27, 2011 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Just got fired, now what?
Replies: 49
Views: 11285

I actually didn't get any termination paperwork. Is this normal (in CA)? I will call and ask on Monday. When I was laid off shortly out of college -- I was probably about your age now -- I was given a letter explaining the status of things like our 401k, employee paid insurance, a very small severa...
by macrocarpa77
Fri Aug 26, 2011 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: Just got fired, now what?
Replies: 49
Views: 11285

Oh and as nisiprius suggested, find out if you are eligible for unemployment insurance. When I was 22 and laid off for the first time, I didn't even know that I was eligible for unemployment. You can probably file online -- even over the weekend.
by macrocarpa77
Fri Aug 26, 2011 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: Just got fired, now what?
Replies: 49
Views: 11285

Just a thought. You mentioned you recently graduated. Aside from finding new employment I imagine expenses are on your mind. If you have student loans look at the available deferment options. I did a deferment a couple years after I graduated college due to unemployment. It really helped out the bot...
by macrocarpa77
Thu Aug 25, 2011 6:38 pm
Forum: Investing - Help with Personal Investments
Topic: Estimating Cost of Tax Inefficient Funds in 15% Tax Bracket
Replies: 8
Views: 1494

leonard, While I may not always be in the 15% tax bracket, barring tax reform of catastrophic proportion or an enormous shift in my career (foreseeable years in advance) I will firmly remain in the 15% tax bracket. While I used to be in the 28% bracket, it's unlikely I'm going back. Does this change...
by macrocarpa77
Thu Aug 25, 2011 5:32 pm
Forum: Investing - Help with Personal Investments
Topic: Estimating Cost of Tax Inefficient Funds in 15% Tax Bracket
Replies: 8
Views: 1494

Estimating Cost of Tax Inefficient Funds in 15% Tax Bracket

I'm looking to figure out the costs due to tax inefficency of holding a bond fund versus a stock fund in a taxable account. My marginal tax rate is 15%. My portfolio consists primarily of the following three funds in several tax advantaged accounts: Vanguard Total Stock Market Adm. VTSAX Vanguard To...
by macrocarpa77
Thu Aug 18, 2011 9:26 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6714
Views: 1462972

50-years later you can now get a movie from a Redbox or Blockbuster Express vending machine on any street corner for $1, or in some case free with a coupon code. Throw in a box of milk duds for 0.50 cents and there's your entertainment for the night, just as cheap as it was 50 years ago. That's the...
by macrocarpa77
Thu Aug 18, 2011 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone buy a new car recently? Paperwork comment/question.
Replies: 37
Views: 6332

Two years ago a purchased a used car from a dealer using a cashiers check. As Watty mentioned above, part of the paperwork said something about financing if my check was bad. Additionally, I did fill out a credit application. I don't recall seeing the dealer listed on any of my credit reports though...
by macrocarpa77
Thu Aug 18, 2011 12:26 pm
Forum: Investing - Theory, News & General
Topic: The tax efficiency of gold
Replies: 9
Views: 1714

As a practical matter physical bullion can be very tax efficient for the simple reason that many people break the law and fail to report their gains.
by macrocarpa77
Wed Aug 17, 2011 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Renter, First Time Not Paying
Replies: 72
Views: 12247

Nova, just wanted to suggest you take a look at the Mr. Landlord site: bbs2.mrlandlord [dot] com

Don't be put off by the clunkiness of the bulletin board. I've owned and managed properties and this is site is a gem of information.
by macrocarpa77
Tue Aug 16, 2011 4:24 pm
Forum: Investing - Help with Personal Investments
Topic: Has anyone tried to use kids SS to add I-bonds to portfolio?
Replies: 27
Views: 2409

As far as the mechanics go I think you can buy them for anyone. 10 years ago I purchased I bonds for my fiance. Of course, at the time of redemption we were married.
by macrocarpa77
Mon Aug 15, 2011 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: Online savings account
Replies: 10
Views: 2031

SallieMae has a savings account currently paying 1.10%. It's no frills. EFT transfers only -- no ATM card or checks.
by macrocarpa77
Sun Aug 14, 2011 8:19 pm
Forum: Investing - Help with Personal Investments
Topic: Introduction and Conversion of Re-Characterized IRA to Roth
Replies: 3
Views: 615

Alan, Thank you for your post. I knew there was a reason I had treated that account as "separate" and your post reminded me exactly why -- it was a non-deductible contribution. An 8086 was filed. I see there is plenty of info available on conversions of partially non-deductible IRAs so thanks for po...
by macrocarpa77
Sun Aug 14, 2011 2:17 pm
Forum: Investing - Help with Personal Investments
Topic: Introduction and Conversion of Re-Characterized IRA to Roth
Replies: 3
Views: 615

Introduction and Conversion of Re-Characterized IRA to Roth

Hi, all! Thanks all for the great information you have made so easily available in this forum. It's really quite a treasure! While I've been a lurker for quite a while, I've just now created an account and I'm looking forward to participating more rather than just reading. I had to re-characterize a...