Search found 2518 matches

by Leif
Tue Jan 15, 2019 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Screwed myself on salary negotiations, how do I get past this?
Replies: 25
Views: 2580

Re: Screwed myself on salary negotiations, how do I get past this?

You are not alone. I was an independent contractor at a company. They asked me what I needed to be hired as an employee. I gave them a number. They immediately said yes. I thought wow, I think I just gave them too low a number. The feeling did not last too long. They were pretty generous with raises...
by Leif
Sun Jan 13, 2019 7:42 pm
Forum: Personal Consumer Issues
Topic: ID during International Travel
Replies: 14
Views: 806

Re: ID during International Travel

Clark Howard used to recommend leaving the passport in the safe at the hotel but keeping a paper copy of the passport on you. Now he recommends you just photograph the passport on your phone (but keep the original back in the hotel safe). I have an interesting story. Back in the 80s I traveled over...
by Leif
Sun Jan 13, 2019 4:32 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 279
Views: 39367

Re: Vanguard Municipal Money Market VMSXX 1.39%

I received a PM saying that the Google spreadsheet I shared that uses ImportHTML to get the SEC yields was crashing. I checked, and it was working fine for me. A subsequent PM indicated that it was crashing Chrome, but not FireFox (I have been using mostly Firefox lately). I verified that it is cra...
by Leif
Sun Jan 13, 2019 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Review after one month with Fidelity Cash Management
Replies: 62
Views: 18953

Re: Review after one month with Fidelity Cash Management

Sorry to bump an old post, but felt it was better on this thread that starting something new. I'm thinking of opening a CMA at Fidelity for consolidation purposes. I have a CMA and a standard brokerage account. There are pluses and minuses with CMA. The core account is FDIC insured. That is good. T...
by Leif
Sat Jan 12, 2019 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Roth conversion
Replies: 36
Views: 2930

Re: Roth conversion

I've started the "mega" (as the OP defined it) conversions. I've estimated my retirement income and calculated my conversion amount for each year to keep me within my tax bracket. I do the conversions quarterly to match my estimated tax payments. I will be converting equities that I want to keep in ...
by Leif
Fri Jan 11, 2019 12:53 pm
Forum: Investing - Theory, News & General
Topic: Around 43K in dividends last year - feel good about it ?
Replies: 160
Views: 13491

Re: Around 43K in dividends last year - feel good about it ?

Yes, correct. The OP seemingly wants to go from a situation where there is some tax cost to a nirvana where there is no tax cost. As you suggest low turnover index funds are about as tax efficient as it gets, possibly excepting a one-off such as BRK. The only other option I can think of, and keep i...
by Leif
Fri Jan 11, 2019 12:27 pm
Forum: Investing - Theory, News & General
Topic: Around 43K in dividends last year - feel good about it ?
Replies: 160
Views: 13491

Re: Around 43K in dividends last year - feel good about it ?

Perhaps I don't understand the OPs question, because I sure don't understand many of the responses. The OP has equity in both retirement accounts and taxable. They distribute dividends. $14K of which was in taxable, thus subject to possible taxes. The equity market was down in 2018. Is this all agre...
by Leif
Thu Jan 10, 2019 7:44 pm
Forum: Investing - Theory, News & General
Topic: Around 43K in dividends last year - feel good about it ?
Replies: 160
Views: 13491

Re: Around 43K in dividends last year - feel good about it ?

I would rather have dividend income, most of which is qualified at 15%, then interest income which is at a higher marginal rate.

2018 was a down year for equities. It happens. But as my CDs come to term I'm buying equities with the portion that I will not be needing for retirement spending.
by Leif
Wed Jan 09, 2019 5:21 pm
Forum: Investing - Theory, News & General
Topic: BHers, what is your Roth IRA %?
Replies: 113
Views: 5261

Re: BHers, what is your Roth IRA %?

20% of my tax-deferred account [traditional IRA] is in a tax-exempt money market fund. When you originally wrote "tax exempt", did you possibly mean "tax-deferred"? I don't know where the quote came from. Not from me. That would be incredibly stupid to put a tax-exempt money market fund in a tax de...
by Leif
Wed Jan 09, 2019 3:55 pm
Forum: Investing - Theory, News & General
Topic: BHers, what is your Roth IRA %?
Replies: 113
Views: 5261

Re: BHers, what is your Roth IRA %?

I have about 20% of my IRA money in tax exempt. That placement is unnecessary since the money is not taxed while it is in the IRA. When it is withdrawn, it is taxed as ordinary income, not tax-exempt. I suggest putting the tax-exempt funds in your taxable account instead, where the tax-exempt statu...
by Leif
Wed Jan 09, 2019 2:00 pm
Forum: Investing - Theory, News & General
Topic: BHers, what is your Roth IRA %?
Replies: 113
Views: 5261

Re: BHers, what is your Roth IRA %?

I'm doing Roth conversions on a quarterly basis.

I have about 20% of my IRA money in tax exempt.
by Leif
Tue Jan 08, 2019 4:09 pm
Forum: Investing - Help with Personal Investments
Topic: TLH and Roth Conversion
Replies: 6
Views: 264

Re: TLH and Roth Conversion

Nicolas wrote:
Tue Jan 08, 2019 3:07 pm
I sold IJR (iShares Core S&P 600 Small Cap ETF) in my taxable account on December 10 to realize a tax loss. I intend to buy it back on January 11, 31 days later.
32 days. The reason it attracted my attention is I sold on 12/11 for TLH and will buy back on 1/11.
by Leif
Sun Jan 06, 2019 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: What Do You Spend The Most On Annually?
Replies: 158
Views: 8247

Re: What Do You Spend The Most On Annually?

Retired. I don't keep a detailed list of expenses. But based on my budget with approx. expenses my top 3 are:

1, Taxes
2, Travel
3. Medical insurance
by Leif
Sun Jan 06, 2019 1:42 pm
Forum: Investing - Theory, News & General
Topic: For those retired a few years
Replies: 58
Views: 4766

Re: For those retired a few years

COBRA a big extra expense. But that is just a short term bridge to medicare.

More money spent on travel. I'm planning to go "wild" on that while health allows.

A bit less spent on car insurance and commuting. Overall higher at this point. But switching to medicare from COBRA will be a big help.
by Leif
Fri Jan 04, 2019 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 714
Views: 92173

Re: How much money do you want to retire?

At 60 with insurance and enough 25 years of expenses + SS + Pension. How do you determine what is enough for 25 years of expenses? A serious question. Last year * 25 or a more detailed analysis? Every year, we receive spending report from our credit cards. That's our starting point. We add all the ...
by Leif
Wed Jan 02, 2019 11:56 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 714
Views: 92173

Re: How much money do you want to retire?

wander wrote:
Wed Jan 02, 2019 6:39 pm
At 60 with insurance and enough 25 years of expenses + SS + Pension.
How do you determine what is enough for 25 years of expenses? A serious question. Last year * 25 or a more detailed analysis?
by Leif
Sun Dec 30, 2018 3:47 pm
Forum: Personal Consumer Issues
Topic: Corvette vs Cayman/Boxster......anyone owned both?
Replies: 57
Views: 4558

Re: Corvette vs Cayman/Boxster......anyone owned both?

I've had both. The Corvette a LONG time ago, '84. A lot of fun, but not reliable. I needed to replace the engine. I had the Boxster for 3 years. Reliable, also fun, but not as much fun as the Corvette. I now have a Tesla Model S for 2 years. It has had some reliability problems. As fast as the Boxst...
by Leif
Sat Dec 29, 2018 5:45 pm
Forum: Investing - Help with Personal Investments
Topic: Roth conversion. Penalty if withdrawn before 59.5? Suggestions for early retirement.
Replies: 33
Views: 1841

Re: Roth conversion. Penalty if withdrawn before 59.5? Suggestions for early retirement.

........................................ There are two 5 year periods. One for contributions and one for conversions. .............................................................. There is NO 5 yr clock for contributions which may withdrawn at any time w/o tax/penalty. I was just referencing Kitce...
by Leif
Sat Dec 29, 2018 4:48 pm
Forum: Investing - Help with Personal Investments
Topic: Roth conversion. Penalty if withdrawn before 59.5? Suggestions for early retirement.
Replies: 33
Views: 1841

Re: Roth conversion. Penalty if withdrawn before 59.5? Suggestions for early retirement.

I like the way Kitces describes it, which I think covers the Note. Linked above and again here. https://www.kitces.com/blog/understanding-the-two-5-year-rules-for-roth-ira-contributions-and-conversions/ There are two 5 year periods. One for contributions and one for individual conversions. Unlike t...
by Leif
Sat Dec 29, 2018 3:54 pm
Forum: Investing - Help with Personal Investments
Topic: Roth conversion. Penalty if withdrawn before 59.5? Suggestions for early retirement.
Replies: 33
Views: 1841

Re: Roth conversion. Penalty if withdrawn before 59.5? Suggestions for early retirement.

OVER AGE 59.5 FIVE YEARS OR MORE SINCE OPENING FIRST ROTH IRA All Distributions Are Qualified No Taxes No Penalties Note: The table is not applicable to timely distributions of excess contributions or return of regular contributions. The ordering rules for withdrawals is contributions, conversions ...
by Leif
Sat Dec 29, 2018 12:47 pm
Forum: Investing - Help with Personal Investments
Topic: Best place to park funds needed in one year
Replies: 13
Views: 1258

Re: Best place to park funds needed in one year

I assume this is for your taxable account. Given your high tax bracket, location, and timing, I suggest looking at a state MM muni fund. VYFXX is a possibility. 7 day yield is currently 1.59%
by Leif
Sat Dec 29, 2018 11:59 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10137
Views: 1786924

Re: U.S. stocks in free fall

Doom&Gloom wrote:
Wed Dec 26, 2018 6:22 pm
To paraphrase William Faulkner: The worst is never over. In fact, it isn't even the worst.
D&G,

I agree. To quote myself, "Murphy was a wild-eyed optimist".
by Leif
Tue Dec 25, 2018 10:33 pm
Forum: Investing - Help with Personal Investments
Topic: Emergency Fund - Vanguard Prime Money Market, Ultra Short Bond, or ST Investment Grade?
Replies: 13
Views: 1568

Re: Emergency Fund - Vanguard Prime Money Market, Ultra Short Bond, or ST Investment Grade?

Emergency funds are not meant as a vehicle for squeezing every last basis point of interest. You want it as as safe as possible. You already have Prime MM account. I would stay with that.
by Leif
Tue Dec 25, 2018 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: PenFed 3% CDs maturing: Thank you Bogleheads
Replies: 22
Views: 3839

Re: PenFed 3% CDs maturing: Thank you Bogleheads

I set up a CD ladder, in my taxable account, about 5 years ago. Penfed 5 Yr. was the first rung of the ladder. As in the OPs case mine are now coming due.

I also need to give a big thanks to the Bogleheads for making me aware of PenFed.
by Leif
Mon Dec 24, 2018 1:56 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10137
Views: 1786924

Re: U.S. stocks in free fall

motorcyclesarecool wrote:
Mon Dec 24, 2018 11:03 am
Wahoo! I just TLH’d again! Thanks for the vast universe of TLH partners, Vanguard!
I TLH a few weeks ago. The partner is Vanguard Treasury MM. Nice place to wait until the 30 day cooling off period is over. The market has certainly been cooling off.
by Leif
Wed Dec 19, 2018 4:34 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10137
Views: 1786924

Re: U.S. stocks in free fall

munemaker wrote:
Wed Dec 19, 2018 3:34 pm
Fed took away the punch bowl.
I think they are slowly draining the bowl.
by Leif
Wed Dec 19, 2018 2:09 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10137
Views: 1786924

Re: U.S. stocks in free fall

It's interesting to see the sharp drop on the Dow with the 1/4 rate increase. Bet was 66% for the increase. I'm surprised the probability got down that low. The predication of 2 more increases for 2019 is lower than previous predication.
by Leif
Tue Dec 18, 2018 11:41 am
Forum: Investing - Help with Personal Investments
Topic: IRA RMDs
Replies: 11
Views: 708

Re: IRA RMDs

1. She needs to take an RMD for 2019 (based upon the balance of her IRA on 12/31/2018), and this can be done anytime prior to April 30, 2020 (although when we get together over the holidays we will probably just set it up to come during 2019 and every year afterwards) That is true. However, the sec...
by Leif
Sat Dec 15, 2018 1:37 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10137
Views: 1786924

Re: U.S. stocks in free fall

It looks like 2018 is shaping up to be my worst year since 2008. I had small (< 1%) losses in 2011 & 2015. Behind the 8 ball is getting additional meaning. Not that once a decade is much to complain about.
by Leif
Mon Dec 10, 2018 12:57 pm
Forum: Personal Consumer Issues
Topic: Electric bill with LED
Replies: 102
Views: 7098

Re: Electric bill with LED

AC in the summer is my biggest electric bill expense. I noticed a decrease in my bill with going to double pane windows. I replaced my most heavy used lights with LEDs (kitchen/dinning area). Didn't notice much of a change. All depends on your usage. I was surprised to see, in my local Home Depot, t...
by Leif
Sun Dec 09, 2018 9:23 pm
Forum: Investing - Theory, News & General
Topic: Low need to take risk - decrease allocation to stocks?
Replies: 42
Views: 3220

Re: Stock and Bond Allocation

Taylor Larimore wrote:
Sun Dec 09, 2018 8:37 pm
Money that I cannot afford to lose is in safe fixed-income. The rest is in stocks.
That's the trick, isn't it? Determining money you cannot afford to lose. No way to know the future.
by Leif
Sun Dec 09, 2018 8:31 pm
Forum: Investing - Theory, News & General
Topic: Low need to take risk - decrease allocation to stocks?
Replies: 42
Views: 3220

Re: Low need to take risk - decrease allocation to stocks?

I also have a low need for equity risk. I recently retired. I'm at 50/50 allocation. I was at 70% equity about 10 years ago. I've further diversified to include TIPS, short and intermediate bonds, large cap blend, small cap value, REITs, and international. I'll let AA float with the market, but sell...
by Leif
Tue Dec 04, 2018 5:19 pm
Forum: Investing - Help with Personal Investments
Topic: Spousal benefits for husband who's wife is on SSDI?
Replies: 5
Views: 405

Re: Spousal benefits for husband who's wife is on SSDI?

I guess you are referring to (d) in the link? (d) You are not entitled to an old-age or disability benefit based upon a primary insurance amount that is equal to or larger than the full wife's or husband's benefit. Since it says old-age or disability . I guess the exception to this, however, if when...
by Leif
Tue Dec 04, 2018 4:29 pm
Forum: Investing - Help with Personal Investments
Topic: Spousal benefits for husband who's wife is on SSDI?
Replies: 5
Views: 405

Spousal benefits for husband who's wife is on SSDI?

This is the scenario: 1. Wife is 59 and on SSDI (Social Security Disability) 2. Husband just turned 66 (FRA). Normally in this case the husband cannot collect spousal benefits (delay his own benefits until 70) unless the spouse has filed (earliest being 62). However if the wife is on disability is t...
by Leif
Tue Nov 13, 2018 12:46 pm
Forum: Investing - Help with Personal Investments
Topic: Move savings to Prime Money Market Fund (VMMXX)
Replies: 55
Views: 7971

Re: Move savings to Prime Money Market Fund (VMMXX)

Treasury MM would be great if... 1. It did not have a $50k min 2. I could withdraw money immediately to my bank (vs the T+2 settlement) 3. It were the default brokerage sweep fund, so you just have to transfer money in and out, with no extra buying/selling step. $50K min to open . I was told by a r...
by Leif
Tue Nov 13, 2018 11:34 am
Forum: Investing - Help with Personal Investments
Topic: Dimensional Funds
Replies: 18
Views: 1765

Re: Dimensional Funds

I purchased some DFA funds many years ago (early 90s). I still have those funds, however, for some time now I dropped the advisor. In my experience the advisor was not providing service that justified the expense. However, if they keep you from selling all your equity at or near the bottom of the ma...
by Leif
Sun Nov 11, 2018 11:14 pm
Forum: Investing - Help with Personal Investments
Topic: Move savings to Prime Money Market Fund (VMMXX)
Replies: 55
Views: 7971

Re: Move savings to Prime Money Market Fund (VMMXX)

For these reasons I prefer Vanguard's Federal MM over Prime MM. How do I find out how much of Federal MM is taxable in my state? I found the PDF that showed the taxable percentages for their municipal funds, but nothing on Federal MM. 69.86% from US Govt Obligations. https://personal.vanguard.com/p...
by Leif
Wed Nov 07, 2018 2:45 pm
Forum: Investing - Help with Personal Investments
Topic: Move savings to Prime Money Market Fund (VMMXX)
Replies: 55
Views: 7971

Re: Move savings to Prime Money Market Fund (VMMXX)

However, since we are in NYC (about 10% marginal state/local tax), the Federal Money Market (VMFXX) or Treasury Money Market (VUSXX) could return more after-tax, so I may need to revisit this. I'm also in a high tax state. I used the Treasury MM fund which gives me a higher after tax return then Pr...
by Leif
Fri Nov 02, 2018 7:41 pm
Forum: Personal Consumer Issues
Topic: Thoughts on the New Macbook Air?
Replies: 70
Views: 4137

Re: Thoughts on the New Macbook Air?

It hurts my eyes to stare at an obviously inferior screen (non-retina) and it's easily worth $0.02/minute not to. Used Pro or 12 is ok with me, just has to have retina display now. I'm surprised so many are so strong on the retina display. Although I ended up with a MBP with Retina, the Retina was ...
by Leif
Fri Nov 02, 2018 7:24 pm
Forum: Personal Consumer Issues
Topic: Thoughts on the New Macbook Air?
Replies: 70
Views: 4137

Re: Thoughts on the New Macbook Air?

I'm hoping I can get 8 years of service out of my MacBook Pro 2014 like you did on your 2010. Perhaps longer with SSD instead of a magnetic based drive. didnt the 2014 mbp all have ssds? Yes, I have SSD (256 GB), mid 2014 MBP. Perhaps you misread my post. I was just saying because I have SSD I may ...
by Leif
Fri Nov 02, 2018 10:25 am
Forum: Personal Consumer Issues
Topic: Thoughts on the New Macbook Air?
Replies: 70
Views: 4137

Re: Thoughts on the New Macbook Air?

livesoft wrote:
Fri Nov 02, 2018 9:24 am
I have to chuckle that any business or home user has to even worry about CPU speeds nowadays. I/O and disk access are the rate-limiting steps, aren't they?
Depends on the application.
by Leif
Fri Nov 02, 2018 10:12 am
Forum: Personal Consumer Issues
Topic: Thoughts on the New Macbook Air?
Replies: 70
Views: 4137

Re: Thoughts on the New Macbook Air?

I don't like their dropping of ports. I use the USB port for backups. I don't like they got rid of the magnetic power plug. That saved my bacon on a number of occasions. I know they have converter plugs, but that seems like something that will probably get lost. The new processor is slower in GHz, b...
by Leif
Wed Oct 31, 2018 2:56 pm
Forum: Investing - Theory, News & General
Topic: Large cap value, small cap, mid cap, etc. index funds
Replies: 15
Views: 1064

Re: Large cap value, small cap, mid cap, etc. index funds

Before polling was removed from the Bogleheads site most said that they do tilt. Difficult to determine if that is still true today. I do tilt to small and value in both US and international. I believe it lower correlation between funds which should result in an overall smoother ride with more rebal...
by Leif
Tue Oct 30, 2018 6:26 pm
Forum: Investing - Help with Personal Investments
Topic: FUSVX vs. VFIAX for IRA [Fidelity vs. Vanguard 500 Index]
Replies: 10
Views: 1622

Re: FUSVX vs. VFIAX for IRA [Fidelity vs. Vanguard 500 Index]

6/half dozen on the funds. Fidelity does have a $50 closing fee on their IRAs. I'm not sure if Vanguard has a closing fee. Neither Fidelity nor Vanguard have any IRA closeout or transfer fees. Good News! I've been hit with the $50 parting shot in the past. Glad to see they have removed it. Others h...
by Leif
Sat Oct 27, 2018 6:03 pm
Forum: Investing - Theory, News & General
Topic: In retirement, when do you stop withdrawing from stocks in a downturn?
Replies: 141
Views: 9528

Re: In retirement, when do you stop withdrawing from stocks in a downturn?

For me, it's hard to withdraw from stocks whenever they're down from their peak, even a percent or two. But I guess that's unrealistic. I don't think so, if you are not a slave to a constant AA. McClung talks about withdrawing from fixed income for cash needs. Stocks are never purchased (other then...
by Leif
Wed Oct 24, 2018 9:30 am
Forum: Investing - Theory, News & General
Topic: Changing to higher equities allocation during a major crash?
Replies: 26
Views: 2660

Re: Changing to higher equities allocation during a major crash?

I recall a few people said they were going to 100% equities in 2008-9. I've not read what happened with those people since. Did they dial back once the market recovered to pre-2008 levels? In 2008-9 I was in my 50s. I did rebalance for a while, but got tired of catching that falling knife. However, ...
by Leif
Fri Oct 19, 2018 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 714
Views: 92173

Re: How much money do you want to retire?

1st post on BH. age 64 Target for retirement 1.6 mil, now at 1.8 mostly in tax deferred accounts. Planning to cut working hours in about a year. Reduced contribution to 403b to min needed to get full match. Concerned that minimum required distribution will push me into higher marginal tax rate. Wel...
by Leif
Fri Oct 19, 2018 11:15 am
Forum: Investing - Help with Personal Investments
Topic: keep cash in after-tax for bridge to Social Security ?
Replies: 38
Views: 3639

Re: keep cash in after-tax for bridge to Social Security ?

I've got a whopping big after-tax CD maturing in October. If I decide to buy equities with it, I'd need to sell some in tax-deferred (to maintain my AA). But I don't have any equities in my TIRA (aka. TIAA-CREF RA), so I'd have to sell some in my Roth. And I'm not sure that makes sense. I agree wit...
by Leif
Tue Oct 02, 2018 11:30 am
Forum: Personal Finance (Not Investing)
Topic: Question About Tax Optimal Decumulation/Spending
Replies: 6
Views: 786

Re: Question About Tax Optimal Decumulation/Spending

Typical drawdown order is first taxable account, then tax deferred, then tax free (Roth). That advice may a bit dated for someone with larger qualified accounts and therefore may not be the best choice. Following that method may just mean much larger tax bills later in life due to RMDs. In addition...