Search found 6585 matches

by inbox788
Tue Nov 19, 2019 2:23 am
Forum: Personal Investments
Topic: Pension and Bonds
Replies: 3
Views: 477

Re: Pension and Bonds

My wife and I are fortunate enough to both have lucrative pensions and 401k matches through our employer. My question is with a pension in my back pocket is there any need for bonds in my portfolio asset allocation? I’m currently 85/15 Equities to bonds and I’m 35 planning to retire at 55. How lucr...
by inbox788
Tue Nov 19, 2019 2:14 am
Forum: Personal Investments
Topic: How to Decide Between Roth Conversion and Cap Gains Harvesting?
Replies: 35
Views: 1498

Re: How to Decide Between Roth Conversion and Cap Gains Harvesting?

How important is selling the appreciated assets to diversify? Do you have concentrated positions? Or is it just that if you had unused zero capital gains bracket space you would take some capital gains to use it? The latter. I looked at this a while back in case I found myself in the situation (cer...
by inbox788
Tue Nov 19, 2019 1:35 am
Forum: Personal Investments
Topic: 1-3 large stock holdings keeping me from reaching proper asset allocation - need advice
Replies: 14
Views: 891

Re: 1-3 large stock holdings keeping me from reaching proper asset allocation - need advice

I agree 60/40 vs 50/50 is a non-issue. The issue is risk. The chances of large losses or of large gains are greater in that 9% slice of Microsoft than they are in bonds for that money. Only you A final official Boglehead comment is that no one should ever hold an investment for sentimental reasons,...
by inbox788
Mon Nov 18, 2019 10:51 pm
Forum: Personal Investments
Topic: Moving $380K in individual stocks to index fund
Replies: 46
Views: 2297

Re: Moving $380K in individual stocks to index fund

- $380K Individual stocks, all held long-term with significant gains My stock holding are MSFT $230K, HUM $54K, UNH $38K, CMCSA $21K, SGENX $16K, GLW $14.5K, EPC $4K, CSCO $4K, CTL $1K. $314K is taxable gain, so 15% federal CGT + 5.75% Virginia CGT = roughly $65K in capital gains tax. Not a bad ret...
by inbox788
Mon Nov 18, 2019 7:29 pm
Forum: Personal Investments
Topic: 20-25 years till retirement- LifeStrategy Moderate Growth Fund ?
Replies: 40
Views: 1880

Re: Divorced couple confused about whether to invest towards retirement in 20/25 years or pay down mortgage?

NEW QUESTION: Do we continue saving and invest towards retirement over the next 20/25 years or take all the money we have in cash (except emergency funds) and pay down the mortgage? I think you're doing great and wouldn't make many changes. You're paying about $2000/month mortgage or $25k/year. If ...
by inbox788
Mon Nov 18, 2019 5:32 pm
Forum: Personal Investments
Topic: Why don’t we use this leverage strategy?
Replies: 12
Views: 1538

Re: Why don’t we use this leverage strategy?

"Past performance is no guarantee of future results"

https://www.sec.gov/fast-answers/answersmperfhtm.html

Where is your free lunch coming from? I think you're taking higher risk, and you'll discover that in the future when you least expect or desire it.
by inbox788
Mon Nov 18, 2019 4:45 pm
Forum: Personal Consumer Issues
Topic: Another Laptop Question
Replies: 29
Views: 1704

Re: Another Laptop Question

I don't like keeping old gear around. As soon as I buy something new, the old one must either be sold, donated, or recycled. My solution for dealing with CDs in a new machine has been a USB CD drive. I pull it out at least once a year to install turbotax. That's a great attitude! I'm the opposite, ...
by inbox788
Mon Nov 18, 2019 1:27 pm
Forum: Personal Investments
Topic: Mortgage? Pay cash?
Replies: 44
Views: 3171

Re: Mortgage? Pay cash?

If I were going to get a mortgage and try and play the arbitrage game, I’d likely invest in VWIAX (Vanguard Wellesley Income Admiral). It usually runs around 40/60, has had low volatility in the past, and is pretty inexpensive for an actively managed fund. I already have a small position in an IRA ...
by inbox788
Sun Nov 17, 2019 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: Equal Inheritance for Children
Replies: 66
Views: 6356

Re: Equal Inheritance for Children

I didn't see anyone mention life insurance, and whether it would make sense in your particular situation. If you could qualify for $1M 20 year term life for $3-5k/year, or about $100k for 20 years, it could dramatically alter your thinking. In 20 years, you'd be $100k poorer, but know a lot more abo...
by inbox788
Sun Nov 17, 2019 7:05 pm
Forum: Personal Investments
Topic: Charitable gift annuities - doing well by doing good?
Replies: 19
Views: 887

Re: Charitable gift annuities - doing well by doing good?

If you don't need the immediate income or aren't it to diversify, similar to delaying the purchase of an SPIA, you could wait and let your equities grow and/or might draw a higher percentage rate. Time it to coincidence with a higher marginal tax rate and one when you itemize and make other charitab...
by inbox788
Sun Nov 17, 2019 4:08 am
Forum: Investing - Theory, News & General
Topic: SP500 is very top heavy right now
Replies: 132
Views: 10785

Re: SP500 is very top heavy right now

That's how market cap weighting works. You buy more of a company when it is overvalued, and less when it is undervalued. There is no rebalancing when the top holdings decline in value. You just lose value. That’s also how the sp500 index works. When overvalued companies decline, the index goes down...
by inbox788
Sat Nov 16, 2019 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Is this a fair price for a wealth manager financial advisor?
Replies: 43
Views: 3221

Re: Is this a fair price for a wealth manager financial advisor?

Look, I'm 70'years old (still working because I want to). Have a wife who has no interest in financial manners. I've never had a paid financial advisor, though Charles Schwab did give guidelines for my profit sharing plan until some new law was passed by Congress (Erisa, I think). Now I have a plet...
by inbox788
Sat Nov 16, 2019 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Is this a fair price for a wealth manager financial advisor?
Replies: 43
Views: 3221

Re: Is this a fair price for a wealth manager financial advisor?

Scheduled to meet with a fee only financial advisor next week. Their group's fee is 10k per year plus 0.1% AUM. On investable assets of almost $5 million would be close to $15,000 per year. This seems high to me. What would be fair? I know you guys will say do it yourself using a three fund portfol...
by inbox788
Sat Nov 16, 2019 7:28 pm
Forum: Personal Investments
Topic: Factoring heirs into overall asset allocation
Replies: 10
Views: 715

Re: Factoring heirs into overall asset allocation

Perhaps I didn't communicate well --- by "appropriate glide path for each", one of the "each" was ... "the heirs themselves". Indeed, one of the many variables is what is appropriate as an asset allocation glide path for them. I don't pretend that I can get this stuff just right (!), but I do think...
by inbox788
Sat Nov 16, 2019 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to use Apple Pay Cash
Replies: 19
Views: 1812

Re: Best way to use Apple Pay Cash

Most likely, IMHO, is FedNow coming in and subsuming at least Zelle, if not everyone, and possibly making checks obsolete (finally...). After all, unlike all those other options it's backed by the Federal Reserve. Hard to beat that. Wow! About time. I didn't know they were authorized to do that. In...
by inbox788
Sat Nov 16, 2019 6:58 pm
Forum: Personal Investments
Topic: Questions about Fidelity Charitable DAF
Replies: 34
Views: 1899

Re: Questions about Fidelity Charitable DAF

The way I understood the article is they got the tax deduction of the value of the stock on the day they donated it, but because Fidelity then sold it all at once, the value dropped, so the DAF took a big hit. The amount in the DAF available to grant to charities could have been much higher if Fide...
by inbox788
Sat Nov 16, 2019 6:02 pm
Forum: Personal Investments
Topic: Factoring heirs into overall asset allocation
Replies: 10
Views: 715

Re: Factoring heirs into overall asset allocation

One approach would be to make an estimate of the sizes of those two pools of money, and then separately work out what might be an appropriate glide path for each. What you haven't considered is the glidepath of the heirs themselves and how they're tracking and whether your pot mixes with their pot....
by inbox788
Fri Nov 15, 2019 6:12 pm
Forum: Personal Investments
Topic: I need to rebalance, but hate paying capital gains tax.
Replies: 39
Views: 2994

Re: I need to rebalance, but hate paying capital gains tax.

I just checked my asset allocation for the first time in a long time. I am significantly higher in stocks than I'm supposed to be. I have made all the changes I can in my tax-deferred accounts, but am still overweight stocks. At this point, I assume I should just sell stocks in my taxable account, ...
by inbox788
Fri Nov 15, 2019 4:05 pm
Forum: Personal Investments
Topic: Questions about Fidelity Charitable DAF
Replies: 34
Views: 1899

Re: Questions about Fidelity Charitable DAF

it is no longer yours. I have not heard of any DAF that leaves the contribution in the vehicle in which it was transferred. Anyone? There is a story in the news about a lawsuit alleging that Fidelity Charitable failed to honor a promise to unload a particular asset slowly (in order to prevent its p...
by inbox788
Fri Nov 15, 2019 11:50 am
Forum: Investing - Theory, News & General
Topic: SP500 is very top heavy right now
Replies: 132
Views: 10785

Re: SP500 is very top heavy right now

If this information were actionable (is it?), it would seem to point to reducing equity exposure - as the implication is that a crash is coming; pulling your money from large caps and placing it it into small caps and/or international won’t save you from a crash. I don't think it's a matter of smal...
by inbox788
Thu Nov 14, 2019 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: too late for additional life insurance?
Replies: 12
Views: 997

Re: too late for additional life insurance?

I have decent life insurance coverage through my employer, and a small whole life insurance policy that a family member took out for me when I was an infant, but due to laziness and forgetfulness have no self-purchased term life insurance. :oops: And I have a spouse and young kids. I'm seeing the d...
by inbox788
Thu Nov 14, 2019 2:14 pm
Forum: Investing - Theory, News & General
Topic: SP500 is very top heavy right now
Replies: 132
Views: 10785

Re: SP500 is very top heavy right now

What were the top 5 companies’ names for 1999? I think this context matters when assessing the validity of the comparison. Today they are: Microsoft Apple Amazon Facebook Berkshire [Google is actually 3rd or 4th -- might need to add up 2 classes of stock; same with Berkshire to a lesser degree] htt...
by inbox788
Thu Nov 14, 2019 5:27 am
Forum: Personal Investments
Topic: Ally as a one stop shop
Replies: 31
Views: 3396

Re: Ally as a one stop shop

My advice would be to stop seeking a one-stop shop and use a mix of financial institutions, focusing on the strengths of each one. That strategy has led me to having multiple accounts with at least 8 institutions, not counting Ally. I don't have any accounts at Ally yet, but have been tempted, but ...
by inbox788
Thu Nov 14, 2019 4:29 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 1989
Views: 207637

Re: U.S. stocks continue to soar!

Inflation is trending above the fed's target https://www.calculatedriskblog.com/2019/11/cleveland-fed-key-measures-show.html No it's not (yet). Core PCE is for September and increased 1.7% year-over-year (Core PCE is below 2%) PCE and CPI Inflation: What’s the Difference? "The Federal Reserve, howe...
by inbox788
Wed Nov 13, 2019 4:56 pm
Forum: Personal Consumer Issues
Topic: (Sigh) "Wasting" year-old smoke detector batteries...
Replies: 93
Views: 4826

Re: (Sigh) "Wasting" year-old smoke detector batteries...

Can you use the still-working batteries in a less life-critical device? If not, is there any small local organization you can donate them to for that purpose? PJW Not less life-critical, but more. I used to get recycled 9V batteries from someone I knew that worked in a hospital surgical room. They ...
by inbox788
Wed Nov 13, 2019 1:44 pm
Forum: Personal Consumer Issues
Topic: (Sigh) "Wasting" year-old smoke detector batteries...
Replies: 93
Views: 4826

Re: (Sigh) "Wasting" year-old smoke detector batteries...

OP, your tester is measuring open voltage, which isn't accurate, especially with older batteries. A load test is better measure for performance. This tester is supposed to be testing with a standardized load. What makes you think it is measuring open voltage? (Sigh) Made me check. GBT-500A Because ...
by inbox788
Tue Nov 12, 2019 1:28 pm
Forum: Personal Consumer Issues
Topic: (Sigh) "Wasting" year-old smoke detector batteries...
Replies: 93
Views: 4826

Re: (Sigh) "Wasting" year-old smoke detector batteries...

I always wait until the detectors themselves start giving the low battery intermittent beep. This always happens at 2 AM! This is a downside to waiting until they chirp, they do tend to do it in the middle of the night. A little excitement is good for you! Oh yeah. I just learned something about my...
by inbox788
Tue Nov 12, 2019 1:22 pm
Forum: Personal Investments
Topic: "Tax advantaged Annuity" advised for friend
Replies: 35
Views: 1570

Re: "Tax advantaged Annuity" advised for friend

No, I don't agree with this [yet] because I believe she is not really in an annuity now, she is likely in some kind of savings/deposit account with the life insurance company that paid out the benefit. See the thread I linked to above. She may really be getting a risk-free 2.8% rate, which would be...
by inbox788
Tue Nov 12, 2019 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Homebuying in Los Angeles - Advice Needed
Replies: 64
Views: 5151

Re: Homebuying in Los Angeles - Advice Needed

While this is theoretically true, I will take the opposite side of the argument. If you are planning on moving in 15 years then just rent. If you can rent a $1.25M home for $5k then the landlord is subsidizing your rent. Had to think about it a little, but figured out that just because the landlord...
by inbox788
Tue Nov 12, 2019 11:48 am
Forum: Personal Investments
Topic: "Tax advantaged Annuity" advised for friend
Replies: 35
Views: 1570

Re: "Tax advantaged Annuity" advised for friend

... She has found a new advisor, and he is suggesting she put $270,000.00 into a "tax advantaged annuity." This is l/5 of her savings and she has a pension, social security, and rent from 2 houses coming in, so she has enough to live on from that. The money is to build a house on a lot she owns and...
by inbox788
Mon Nov 11, 2019 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: How to Calculate Qualified Expense (for 529 Plan) for College Student Living at Home
Replies: 19
Views: 1335

Re: How to Calculate Qualified Expense (for 529 Plan) for College Student Living at Home

If you charge them a FMV rent, it is considered income. You don't want that hassle. If they share housing expenses (mortgage, property taxes, utilities, etc...), it is not. Not to mention, you are leaving out the "board" part of room and board. In many cases their share of housing expenses will be ...
by inbox788
Mon Nov 11, 2019 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Homebuying in Los Angeles - Advice Needed
Replies: 64
Views: 5151

Re: Homebuying in Los Angeles - Advice Needed

Best laid plans... Anyway, if there's a fair to good chance you'll live there for 15 years, then buying is a good choice. People used to say it took 5-7 years to break even on the purchase cost (realtor fees, mortgage fees, moving costs, etc.), and I'd guess it hasn't changed that much. You can affo...
by inbox788
Mon Nov 11, 2019 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: What to put into Revocable Living Trust?
Replies: 8
Views: 1212

Re: What to put into Revocable Living Trust?

Yes, for the reasons you stated, the RLT should be the contingent beneficiary or maybe even the primary beneficiary of the life insurance. Gill No, OP, you shouldn't be thinking "or" or "maybe". It needs to be what you want, and you need to ensure that what you want and how you say you want it is c...
by inbox788
Sun Nov 10, 2019 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: What to put into Revocable Living Trust?
Replies: 8
Views: 1212

Re: What to put into Revocable Living Trust?

Yes, for the reasons you stated, the RLT should be the contingent beneficiary or maybe even the primary beneficiary of the life insurance. Gill No, OP, you shouldn't be thinking "or" or "maybe". It needs to be what you want, and you need to ensure that what you want and how you say you want it is c...
by inbox788
Sun Nov 10, 2019 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: H&R BLOCK Pre-Order 2019 Software Offer
Replies: 118
Views: 9520

Re: H&R BLOCK Pre-Order 2019 Software Offer

Any difference between Windows and Mac version? Are they nearly identical or is one version superior or more advanced? Download forces you to choose one (looks like you get both on CD). Can you download the other version without paying another fee? I couldn't find the answers on their website or se...
by inbox788
Sun Nov 10, 2019 12:25 am
Forum: Personal Consumer Issues
Topic: Fully loaded 2016 Lexus RX350 for $34K - good deal?
Replies: 11
Views: 1364

Re: Fully loaded 2016 Lexus RX350 for $34K - good deal?

Lexus owners, wanted to get your thoughts on this 2016 RX350 "fully loaded" with 28k miles. It has these features: Heads up display Pano roof Heated and cooled seats Lexus Safety Sense+ Mark Levinson audio 360 Camera No-haggle price is $34K ($37.5K OTD) Honestly the only features we want are heated...
by inbox788
Sat Nov 09, 2019 7:40 pm
Forum: Personal Investments
Topic: Is this a real strategy?
Replies: 21
Views: 2709

Re: Is this a real strategy?

I don't know, but doesn't seem like a good outcome. Google Finance show the current Div yield 0.35%, not so good. FWIW, VZ and T are yielding 4 and 5%. A while back I looked into mREITS like Annaly Capital (NLY) for the nearly double digits yields. Stock has had ups and downs, mostly down now, but D...
by inbox788
Sat Nov 09, 2019 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: H&R BLOCK Pre-Order 2019 Software Offer
Replies: 118
Views: 9520

Re: H&R BLOCK Pre-Order 2019 Software Offer

This may be shameful but I use HR Block's online software because I like the interview format. I then go to OnLine Taxes and do my taxes again. I like to be sure the numbers match from one program to another. I then use OLT to file because I like their prices. I think federal and state are about $1...
by inbox788
Sat Nov 09, 2019 5:36 am
Forum: Personal Investments
Topic: Investing in Taxable Account. Good or bad?
Replies: 20
Views: 2105

Re: Investing in Taxable Account. Good or bad?

Taxable: good HSA and Roth: better 401k matching: best I will need to do a bit more research into these types of accounts and I’ll also have to speak with my accountant to see how this would impact my taxes. There do seem to be quite a few “rules” with investing in these accounts which in all honest...
by inbox788
Fri Nov 08, 2019 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Just learned something about HSAs and independent children that I did not know
Replies: 36
Views: 3538

Re: Just learned something about HSAs and independent children that I did not know

I don’t understand why you would both be eligible to contribute the family max, $14k, if you are 1 family. It's a very specific loophole. Nice loophole if it's correct. I'd try to max out the tax advantage space, too. Young Adult Coverage Under current law, if your plan covers children, you can now...
by inbox788
Fri Nov 08, 2019 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: HSA, 1 account, spouse turning 55
Replies: 12
Views: 580

Re: HSA, 1 account, spouse turning 55

It's a shame they can't streamline this and just allow the extra catch-up contribution to go into the shared account. My wife will be eligible a year before me, but I'm not sure it's worth opening another HSA to capture that... agreed..Opening a new account just for the $1k catch up seems ridiculou...
by inbox788
Fri Nov 08, 2019 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity - promotion bonus
Replies: 43
Views: 6225

Re: Fidelity - promotion bonus

Do those of you who say it’s not worth the effort still go to 9 to 5 jobs? My thinking is that if you are willing to work for an hourly wage then you should almost certainly be willing to “work” to get these account bonuses. Unless your income is extremely high the bonus will pay way more on the ho...
by inbox788
Fri Nov 08, 2019 5:27 am
Forum: Personal Finance (Not Investing)
Topic: Stock Cost Basis for Sales
Replies: 5
Views: 438

Re: Stock Cost Basis for Sales

We inherited some in-kind stocks unfort a big mish mash of small positions in lousy quality stocks, so we are selling the positions once we get them. A number of the stocks have had mergers/splits/spin-offs etc. since the date of our loved ones death several years ago, which in some cases makes the...
by inbox788
Fri Nov 08, 2019 5:14 am
Forum: Personal Finance (Not Investing)
Topic: Transferring Daughter's Funds to Her Efficiently
Replies: 16
Views: 1436

Re: Transferring Daughter's Funds to Her Efficiently

My wife and I have been saving money gifted to our daughter since early childhood. We have been saving her money in our taxable account at Vanguard in a LifeStrategy fund. Now that she is 20, we would like to start transferring those funds to her. She is a student and has low income, and is not rec...
by inbox788
Fri Nov 08, 2019 2:18 am
Forum: Personal Investments
Topic: Payflex HSA fees announcement
Replies: 6
Views: 2439

Re: Payflex HSA fees announcement

Fees are back :annoyed Sharing for others who may not have seen. ...I don't have a lot invested (5.5k growing by about 400 in deposits a month (family limit)), but it's annoying that now I need to consider whether what I have invested and the expense fees on those funds, plus the new expense fee is...
by inbox788
Thu Nov 07, 2019 6:33 pm
Forum: Investing - Theory, News & General
Topic: Cost basis step up on death of spouse?
Replies: 43
Views: 2851

Re: Cost basis step up on death of spouse?

Consider the case where, at the time of marriage, the partner with the most assets is the older one and thus likely to die sooner. Would it then make sense, for the sake of inheritance, to continue to maintain separate accounts, in which case the younger spouse would inherit 100% fully stepped up? ...
by inbox788
Thu Nov 07, 2019 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Help Dad do estate planning math and make adjustments
Replies: 45
Views: 2608

Re: Help Dad do estate planning math and make adjustments

You could ask Daughter #2 and Daughter #3 how much the beach house is worth to them and give them that amount in cash! This way, each daughter would have received the beach house or the equivalent value of the beach house. Who are you trying to please? Who's going to make the final determination of ...
by inbox788
Thu Nov 07, 2019 2:07 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 1989
Views: 207637

Re: U.S. stocks continue to soar!

Looks like it will be another great day to be invested in the stock market! If you have a balanced portfolio you lost money today. 1) The day's not over Now that the day is over. BND down -0.51% VOO +0.35% VXUS +0.39% VTI +0.34% DIA +0.82% Dow beat the SP500 today thanks mostly to UNH, GS, AAPL and...
by inbox788
Thu Nov 07, 2019 1:23 pm
Forum: Personal Investments
Topic: Best way to sell off invididual stock investment portfolio?
Replies: 14
Views: 1298

Re: Best way to sell off invididual stock investment portfolio?

It looks like I'd be in the 35% bracket based on income, although all of these stocks are from 2016-2017 or earlier so long term capital gains I believe. I have bonds in my 401K, stocks in the Roth, and more stocks in taxable (but VTI, VXUS). I'd like to sell all of these and put them into SCHD (th...
by inbox788
Thu Nov 07, 2019 11:25 am
Forum: Investing - Theory, News & General
Topic: Cost basis step up on death of spouse?
Replies: 43
Views: 2851

Re: Cost basis step up on death of spouse?

Also, how is the property titled? I realize I am asking you to trust the information of one lawyer Boglehead (me) over what you are reading in LegalZoom and the other DIY resources referenced in this thread. All I can tell you is that in Texas, what you are reading (and repeating here) is wrong. Th...