Search found 2431 matches

by Leif
Sat Aug 11, 2018 7:31 pm
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 198
Views: 16326

Re: "Don't Obsess About Expense Ratios"

dwickenh wrote:
Sat Aug 11, 2018 11:09 am
Anyone that thinks there wont be sales pitches is kidding themselves.
Perhaps your experience is different, but I've not received any sales pitches from Fidelity. I've been with Fidelity for over 30 years. I have no reason to think they will start now.
by Leif
Fri Aug 10, 2018 11:48 pm
Forum: Investing - Help with Personal Investments
Topic: Multiple tIRA accounts-- any reason to not consolidate?
Replies: 17
Views: 1180

Re: Multiple tIRA accounts-- any reason to not consolidate?

If your tIRA is from a company rollover that may make a difference. Some companies allow you to take funds from a previous company and move them to the new company's 401(k) or equivalent. To do that you need to keep the old company's funds separate from other IRA funds. That is the reason I was give...
by Leif
Fri Aug 10, 2018 8:08 pm
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 198
Views: 16326

Re: "Don't Obsess About Expense Ratios"

He's so right. I'm almost afraid that this zero expense ratio thing might be a bait and switch. Can you give us a single example from the last 50 years of a brokerage who has engaged in bait and switch by lowering ERs only to later increase them? Vanguard. But I would not call it bait and switch. M...
by Leif
Fri Aug 10, 2018 11:21 am
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 162
Views: 13930

Re: "Open Social Security" calculator: feature requests, bug reports, etc

Given the factors I mentioned in the last post, I wonder how useful this calculator is? It might lead to more confusion than clarity for most people, and might lead to some people taking SS earlier than would be best for them. What it calculates is just one minor part of the info to be considered w...
by Leif
Thu Aug 09, 2018 2:58 pm
Forum: Investing - Help with Personal Investments
Topic: keep cash in after-tax for bridge to Social Security ?
Replies: 32
Views: 2660

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
Wed Aug 08, 2018 10:30 am
Forum: Investing - Theory, News & General
Topic: Where to Hold TIPS?
Replies: 20
Views: 1547

Re: Where to Hold TIPS?

States are free to tax the dividends produced by RICs in any way they see fit. And some states have rather peculiar rules in that regard (see NY, CA, maybe others). Although I don't have a TIPS fund in taxable, this is all news to me. I tried a search, but could not find anything specific, like a t...
by Leif
Tue Aug 07, 2018 7:28 pm
Forum: Investing - Help with Personal Investments
Topic: keep cash in after-tax for bridge to Social Security ?
Replies: 32
Views: 2660

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

By "moving equities into tax-deferred", you mean if you're forced to sell equity in after-tax, at low prices, for spending needs, and then you rebuy it in tax-deferred so as not to have had a net loss in equity (and to keep your AA on target) ? Yes. The proposal was to keep equities in taxable and ...
by Leif
Tue Aug 07, 2018 12:04 am
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 198
Views: 16326

Re: "Don't Obsess About Expense Ratios"

Cost matters.
Jack Bogle wrote: The grim irony of investing, then, is that we investors as a group not only don't get what we pay for, we get precisely what we don't pay for. So if we pay for nothing, we get everything.
by Leif
Mon Aug 06, 2018 1:19 pm
Forum: Investing - Theory, News & General
Topic: Where to Hold TIPS?
Replies: 20
Views: 1547

Re: Where to Hold TIPS?

I hold VTIP (Vanguard Short term TIPS) in my tIRA. I would not hold in my Roth since that is for my higher expected return assets (equities). Since I'm in a high tax state I would consider VTIP for my taxable. However, I prefer to hold equities due to the taxable advantage in qualified dividends, LT...
by Leif
Sun Aug 05, 2018 1:05 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity charges to close accounts!
Replies: 81
Views: 28109

Re: Fidelity charges to close accounts!

I just got hit with a $50 fee for rolling a Fidelity 401k ($70k or so in there) into a new Fidelity rollover IRA (done online). No mention of it while setting the IRA up, which is annoying. I have a feeling that a quick call will get it resolved, but any other advice on how to do it the quickest? I...
by Leif
Mon Jul 30, 2018 6:32 pm
Forum: Investing - Help with Personal Investments
Topic: Retirees: how much cash?
Replies: 61
Views: 6251

Re: Retirees: how much cash?

73% equities, 26.6% bonds, 0.4% cash. I have always kept a minimal amount in cash. Cash is not bad these days compared to bonds, but I won't be moving any money there. Some have enough income from taxable (dividends & capital gains, rental income, interest, pensions, annuities, SS) to keep the ligh...
by Leif
Sun Jul 29, 2018 3:31 pm
Forum: Investing - Help with Personal Investments
Topic: keep cash in after-tax for bridge to Social Security ?
Replies: 32
Views: 2660

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

... or game the system by buying something that's similar enough but not "substantially identical". The is very common in TLH. You may sell TSM and buy S&P500 for example. What would bother me is moving more equities into my tax deferred. As I look to RMDs I want the higher expected return assets o...
by Leif
Sun Jul 29, 2018 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: Retirees: how much cash?
Replies: 61
Views: 6251

Re: Retirees: how much cash?

Leif: I have a CD (5 year) ladder in which two CD's mature per year. One around the beginning of the year, and one in the middle of the year. I count my CD's as cash because of my ability to decide when they mature, if I want to use that money or put it back into another CD because I don't need it ...
by Leif
Sun Jul 29, 2018 10:23 am
Forum: Investing - Help with Personal Investments
Topic: Retirees: how much cash?
Replies: 61
Views: 6251

Re: Retirees: how much cash?

Cash is one part of my portfolio that I don't think of in terms of % of portfolio, tho' I have that stat. Cash I think of in terms of cash flow and time. People think of cash in different ways. To me cash is immediately spendable without selling and no risk of market loss. That is primarily money ma...
by Leif
Fri Jul 27, 2018 9:52 pm
Forum: Personal Consumer Issues
Topic: Suggest an electric car: Volt? Alternative?
Replies: 49
Views: 3802

Re: Suggest an electric car: Volt? Alternative?

I'm not really a fan of hybrids since you get all the maintenance headaches. Below is a link to a video of low cost EVs. If you are in a cooler part of the country then a Leaf may be a good choice. I understand with new/improved models that came out recently and a new model soon, a used car can be p...
by Leif
Thu Jul 26, 2018 4:51 pm
Forum: Investing - Help with Personal Investments
Topic: keep cash in after-tax for bridge to Social Security ?
Replies: 32
Views: 2660

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

I've setup cash and CDs to last me until 70 when SS and RMDs kick in. Just as you are thinking. Stocks should be for investing for goals with a 10+ year time horizon. Certainly not the case here. If you are in a particularly high tax bracket you could look for Muni money markets and short term muni ...
by Leif
Thu Jul 19, 2018 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: Heresy: Is It Worth Converting tIRAs to Roth?
Replies: 46
Views: 4455

Re: Heresy: Is It Worth Converting tIRAs to Roth?

None of us know the tax rates in the future. But we do know that under current law taxes will go back up to the pre-2018 levels. Extended or not, again we don't know. My tax brackets are similar to the OP. I recently retired. I've decided I want to take advantage of the current tax rates. So I'm con...
by Leif
Sun Jul 15, 2018 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: What rate of return are you using for retirement projections?
Replies: 99
Views: 9506

Re: What rate of return are you using for retirement projections?

I use Mr. Bogle's projections for the next 10 years from the Bogleheads conference. From the October 2017 conference the projection. Wiki - Historical and expected returns Ten-Year Expected Long Term Nominal Returns (2017) Asset Class Expected Nominal Return U.S. Stocks (broad market) 4% U.S. Bonds ...
by Leif
Sat Jul 14, 2018 7:45 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 231
Views: 27151

Re: Vanguard Municipal Money Market VMSXX 1.39%

Yes I’ve switched to prime again. I think I’m going to stick with it because the yield is stable and only going up. 2.05% is competitive with the best non risk liquid yields. I came to the same conclusion last cycle. Now I'm in the Treasury fund (has the best TEY for me). Even though Kevin's spread...
by Leif
Wed Jul 11, 2018 6:07 pm
Forum: Investing - Theory, News & General
Topic: Bucket Portfolio article by Christine Benz
Replies: 85
Views: 6621

Re: Bucket Portfolio article by Christine Benz

A bucketeer thinks his strategy is superior because he is betting that the really bad scenario (10 years or more of bear market) won't happen. He will truly be in a world of hurt if his bet does not pan out. :( BobK i don't believe you will get Christine to agree that she "is betting that the reall...
by Leif
Wed Jul 11, 2018 1:40 am
Forum: Investing - Theory, News & General
Topic: Bucket Portfolio article by Christine Benz
Replies: 85
Views: 6621

Re: Bucket Portfolio article by Christine Benz

So avoid bucket schemes and instead, focus on your AA... In listening to presentations by Christine her point is that the bucket scheme helps to determine an appropriate AA. So it is reversed of what you suggest. Below is an approximation of what Christine is recommending. To get more details you c...
by Leif
Wed Jul 04, 2018 5:14 pm
Forum: Investing - Theory, News & General
Topic: Treasury Auction - Nobody Came: "Great T-Bill Massacre"
Replies: 145
Views: 12287

Re: Treasury Auction - Nobody Came: "Great T-Bill Massacre"

Are there any statistics published that show a breakdown of Treasury auction participation by country? If so it might show if a sudden drop in one country's participation compared to earlier auctions.
by Leif
Wed Jul 04, 2018 4:41 pm
Forum: Investing - Help with Personal Investments
Topic: When is ok to change your IPS?
Replies: 21
Views: 1296

Re: When is ok to change your IPS?

My IPS has expected changes built in. So as I age I want my portfolio to become more conservative. I was having my equity decline 2%/year until at 50%. The IPS should give you a guidepost in trying times, such as the Great Recession. It will hopefully prevent you from selling ALL at the peak point o...
by Leif
Wed Jul 04, 2018 3:06 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 1326
Views: 106287

Re: To take or not to take delivery of Tesla 3

DW and I test drove a Model S twice and rented a Model X off of Turo for 4 days, and the fit and finish of our 3 is definitely way better than the X, and IMO better than the S, although we only had test drives for those two. That is great news, since some think increased production means a drop in ...
by Leif
Tue Jul 03, 2018 4:37 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Portfolio Withdrawals
Replies: 21
Views: 2269

Re: Retirement Portfolio Withdrawals

I've gone with very conservative. I built a CD ladder to carry me during retirement to 70, when SS & RMDs will kick in. I've read others have all stock in taxable and will draw on that, with a rebalance in their retirement account. This way has the advantage of having only LTCG and dividends, which...
by Leif
Tue Jul 03, 2018 4:26 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Portfolio Withdrawals
Replies: 21
Views: 2269

Re: Retirement Portfolio Withdrawals

I've gone with very conservative. I built a CD ladder to carry me during retirement to 70, when SS & RMDs will kick in. I've read others have all stock in taxable and will draw on that, with a rebalance in their retirement account. This way has the advantage of having only LTCG and dividends, which ...
by Leif
Tue Jul 03, 2018 4:07 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 1326
Views: 106287

Re: To take or not to take delivery of Tesla 3

TomatoTomahto wrote:
Tue Jul 03, 2018 3:06 pm
Whatever, if you made that promise, I think I will honor it in your stead. This whole thread is so resolutely OT and divisive that I’ve lost the desire to post.
I agree with OT. The OT is even repeating itself. I've got nothing more to add.
by Leif
Tue Jul 03, 2018 12:16 am
Forum: Investing - Theory, News & General
Topic: Vanguard Prime Money Market Fund (VMMXX) breaks 1.00 (% not $)
Replies: 234
Views: 42339

Re: VMMXX at 2%

I was using the Synchrony Bank HY Savings Account and they provided good service and competitive interest, but I recently moved nearly all of my cash into the VG Treasury MM Fund to eliminate the state tax liability. I may never use an online bank again, but if I did, I wouldn't hesitate to go back...
by Leif
Mon Jul 02, 2018 11:02 pm
Forum: Investing - Help with Personal Investments
Topic: Do you own just 5% of anything?
Replies: 65
Views: 4920

Re: Do you own just 5% of anything?

< 5% in money market funds.
by Leif
Mon Jul 02, 2018 12:35 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 1326
Views: 106287

Re: To take or not to take delivery of Tesla 3

I think it is best to read the posts of those that have bought a Model 3, and to a lesser extent those that have bought a Tesla vehicle such as an S or X. Those that say they are shorting the stock, and don't own an EV, are not reliable sources of information IMO.
by Leif
Tue Jun 26, 2018 9:48 am
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 1326
Views: 106287

Re: To take or not to take delivery of Tesla 3

Um, I'm gonna disagree. Tesla gets its cells from Panasonic. Several other East Asian companies have similar or greater production ability, engineering, ability to scale with demand, and plausibly equal or lower costs. And are contracting with the other car makers. My Bolt cells are from LG. I gonn...
by Leif
Tue Jun 26, 2018 9:19 am
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 162
Views: 13930

Re: "Open Social Security" calculator: feature requests, bug reports, etc

FYI - Just saw Open Social Security calculator highlighted in an article in MarketWatch. The two free calculators pretty much agree in all these relatively straightforward cases. I like the “compare alternative” feature in Open Social Security. We see in one case a difference of five years in the cl...
by Leif
Mon Jun 25, 2018 8:40 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation
Replies: 14
Views: 1423

Re: Asset Allocation

These are good picks for funds. Low cost, good stock diversification. A total US and International market funds are excellent choices for tax efficiency in a taxable account. I would use the Vanguard total market. I've found Fidelity 500 fund does generate some capital gains for your taxable account...
by Leif
Sat Jun 23, 2018 10:13 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 1326
Views: 106287

Re: To take or not to take delivery of Tesla 3

I used to be excited about upcoming EVs from other traditional car manufactures but as time goes by it all seems like vaporware. Nothing of substance just promises. Until they can produce 100s of thousands of EVs a year, they won't be a threat to Tesla. The manufactures, in many cases, have been th...
by Leif
Wed Jun 20, 2018 3:28 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 1326
Views: 106287

Re: To take or not to take delivery of Tesla 3

Remember that no other EV is close to reaching the fed tax sales limit. so once they reach that limit (3 to 5 years at a minimum), TSLA should hit the first phase-out cap (200k deliveries) in the coming days. If after July 1 for the 200,000'th delivery, the current federal tax credit gets cut in ha...
by Leif
Wed Jun 20, 2018 1:46 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 1326
Views: 106287

Re: To take or not to take delivery of Tesla 3

Remember that no other EV is close to reaching the fed tax sales limit. so once they(other manufacturers) reach that limit (3 to 5 years at a minimum), then we will see how their sales will be. GM delivery through May 2018 is 181,555. Estimated to reach 200,000 either Q4 2018 or Q1 2019. Tesla will...
by Leif
Wed Jun 20, 2018 11:40 am
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 162
Views: 13930

Re: "Open Social Security" calculator: feature requests, bug reports, etc

ObliviousInvestor wrote:
Wed Jun 20, 2018 11:07 am
If the input PIA is the user's true PIA (i.e., already accounting for WEP), there's no need for further WEP-related adjustments.
I don't recall a "true PIA" on the SS statement.
by Leif
Wed Jun 20, 2018 11:26 am
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 162
Views: 13930

Re: "Open Social Security" calculator: feature requests, bug reports, etc

Still not working for Safari (perhaps due to the lack of Java support in Safari?). But not a problem for me. I use Chrome. Hmm. I have your DoB inputs via PM. Did you change anything else other than those and the PIA inputs? Also, when you say it's not working, what exactly is happening? Do you get...
by Leif
Wed Jun 20, 2018 10:34 am
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 162
Views: 13930

Re: "Open Social Security" calculator: feature requests, bug reports, etc

Still not working for Safari (perhaps due to the lack of Java support in Safari?). But not a problem for me. I use Chrome. For WEP calculations don't you need to know the number of years of Substantial Earnings? It appears you are assuming 30+ years of substantial earnings (no WEP effects). But that...
by Leif
Wed Jun 20, 2018 9:42 am
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 1326
Views: 106287

Re: To take or not to take delivery of Tesla 3

As for hybrids, I don't like the mechanical complexity and still have the maintenance burden of ICE cars. That is why we switched from a 2010 Prius (non-plugin) to the LEAF (instead of plugin hybrids like the Volt or newer Prius). Like most people we have a second vehicle that is currently an ICE a...
by Leif
Tue Jun 19, 2018 11:28 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 1326
Views: 106287

Re: To take or not to take delivery of Tesla 3

Gas stations. 100x the coverage. Correct, compared to Tesla. 168,000 retail gas stations. Compared to public charging stations 10X. Number of households in the US 126,000,000. Per world bank % with electricity in US, 100%. Basically everyone has "fuel" from their house. A few have issues with apart...
by Leif
Tue Jun 19, 2018 11:01 pm
Forum: Investing - Help with Personal Investments
Topic: 5 yr cd at 3%
Replies: 12
Views: 1874

Re: 5 yr cd at 3%

Purepoint Financial has 3 years CD @ 3% Also looks like 6 month EWP. Not too bad. Not clear from their document if this is against interest only, or can dip into principle. Seems like Purepoint eats into principal "Early Withdrawal Penalties: We will assess a penalty if you withdraw all or a portio...
by Leif
Tue Jun 19, 2018 9:42 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 1326
Views: 106287

Re: To take or not to take delivery of Tesla 3

I'm confused. My advice, take delivery. This EV is a joy to drive. So much so that I cannot imagine buying another gasoline engine (ICE) vehicle. ... I will be interested to see how things go when the tax credit ends. It is unlikely that I would have purchased the car I did if I didn’t have the fede...
by Leif
Tue Jun 19, 2018 9:35 pm
Forum: Investing - Help with Personal Investments
Topic: 5 yr cd at 3%
Replies: 12
Views: 1874

Re: 5 yr cd at 3%

retiredbuthappy wrote:
Tue Jun 19, 2018 4:29 pm
PenFed is offering 5 yr CDs at 3%.
I guess I'll wait until we get back to 4%. But seems good.
RbH
They also changed with EWP. It is now 30% of the term, for 5 years that is 18 months. But, at least it cannot dip into principle.
by Leif
Tue Jun 19, 2018 9:29 pm
Forum: Investing - Help with Personal Investments
Topic: 5 yr cd at 3%
Replies: 12
Views: 1874

Re: 5 yr cd at 3%

howdy007 wrote:
Tue Jun 19, 2018 9:22 pm
Purepoint Financial has 3 years CD @ 3%
Also looks like 6 month EWP. Not too bad. Not clear from their document if this is against interest only, or can dip into principle.
by Leif
Tue Jun 19, 2018 11:02 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 231
Views: 27151

Re: Vanguard Municipal Money Market VMSXX 1.39%

Looking at the Portfolio composition of Prime, VMMXX, the bulk of the holdings is in "Yankee/Foreign" (42.8%). Does anyone know what this is?
by Leif
Sat Jun 16, 2018 10:56 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 231
Views: 27151

Re: Vanguard Municipal Money Market VMSXX 1.39%

A limitation of calculators like this is they don't take into account factors that can create marginal tax rates that are not the same as the tax brackets. For example, my federal marginal tax rate is 27%, due to marginal income pushing qualified dividends from being taxed at 0% to 15%, which added...
by Leif
Sat Jun 16, 2018 6:27 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 231
Views: 27151

Re: Vanguard Municipal Money Market VMSXX 1.39%

And here's a more sophisticated one at Fidelity: https://gpi.fidelity.com/ftgw/interfaces/tey/ Kevin, have you tried the Fidelity calculator compared to your spreadsheet? The Fidelity calculator used the same marginal rates, but came with a different rate when compared to CDs. I was specifically lo...
by Leif
Sat Jun 16, 2018 4:29 pm
Forum: Investing - Theory, News & General
Topic: Flaw in Logic? CD ladder instead of bond funds
Replies: 63
Views: 4952

Re: Flaw in Logic? CD ladder instead of bond funds

I probably would have done the same if I needed/wanted to reduce equity %. I’m about 3 years from beginning withdrawal at 61 or so and am at 50/50 equity/FI with the same split between taxable and tax deferred. So in my case I think I’ll fund living expenses by selling equities in taxable and rebal...