Search found 2501 matches

by am
Tue Apr 24, 2018 9:49 am
Forum: Investing - Help with Personal Investments
Topic: 5% prepaid card versus int. Muni
Replies: 6
Views: 787

Re: 5% prepaid card versus int. Muni

I am in the process of simplifying my accounts. I set up 5 netspend and 2 insight visa prepaid cards years ago which offer 5% fdic taxable accounts. It takes time to remove the interest accumulated via ach bank transfer and a pain to keep track of all the passwords for the accounts which I have to ...
by am
Tue Apr 24, 2018 8:18 am
Forum: Investing - Help with Personal Investments
Topic: 5% prepaid card versus int. Muni
Replies: 6
Views: 787

Re: 5% prepaid card versus int. Muni

I'm confused by one thing you wrote -- your state bracket doesn't matter for that fund. Regardless the plan is good if you are comfortable with some fluctuation which you probably should be for being in a high bracket and having a multi tier emergency fund. My state makes me pay taxes on muni incom...
by am
Sun Apr 22, 2018 3:10 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone in high bracket using short or Ltd. term muni for EF?
Replies: 19
Views: 730

Re: Anyone in high bracket using short or Ltd. term muni for EF?

Also, I am curious how you calculate the 3.27% TEY. Vanguard's website gives the SEC yield as 2.04% for VMLUX (this is the Admiral share class of limited-term tax exempt). Divide by (1-0.32) and you get 3% TEY. If one is subject to the 3.8% NIIT, that boosts TEY to 3.18%. This differs from your fig...
by am
Sun Apr 22, 2018 2:55 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone in high bracket using short or Ltd. term muni for EF?
Replies: 19
Views: 730

Re: Anyone in high bracket using short or Ltd. term muni for EF?

Yes, use the Vanguard short term muni bond fund for all our cash equivalents, including EF. Have done so for a few years, keep our bank checking account which we use to pay most bills via online billpay with only enough to cover immediate expenses and when need additional funds do ACH transfers fro...
by am
Sun Apr 22, 2018 2:51 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone in high bracket using short or Ltd. term muni for EF?
Replies: 19
Views: 730

Re: Anyone in high bracket using short or Ltd. term muni for EF?

Yes, use the Vanguard short term muni bond fund for all our cash equivalents, including EF. Have done so for a few years, keep our bank checking account which we use to pay most bills via online billpay with only enough to cover immediate expenses and when need additional funds do ACH transfers fro...
by am
Sun Apr 22, 2018 2:44 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone in high bracket using short or Ltd. term muni for EF?
Replies: 19
Views: 730

Re: Anyone in high bracket using short or Ltd. term muni for EF?

I kind of do. I used to use short term muni mutual funds as my EF for a bit. Then I started to invest in actual muni bonds maturing within the time frame I was comfortable with. I kind of eventually gave up on an EF because I always had bonds maturing soon enough for my risk tolerance. Depending on...
by am
Sun Apr 22, 2018 2:42 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone in high bracket using short or Ltd. term muni for EF?
Replies: 19
Views: 730

Re: Anyone in high bracket using short or Ltd. term muni for EF?

welderwannabe wrote:
Sun Apr 22, 2018 2:15 pm
Municipal money market fund is 1.52% right now. Not sure how long that will hold, but its hard to beat at the moment.
With rates moving higher, not sure why you say that?
by am
Sun Apr 22, 2018 1:25 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone in high bracket using short or Ltd. term muni for EF?
Replies: 19
Views: 730

Re: Anyone in high bracket using short or Ltd. term muni for EF?

Also, I am curious how you calculate the 3.27% TEY. Vanguard's website gives the SEC yield as 2.04% for VMLUX (this is the Admiral share class of limited-term tax exempt). Divide by (1-0.32) and you get 3% TEY. If one is subject to the 3.8% NIIT, that boosts TEY to 3.18%. This differs from your fig...
by am
Sun Apr 22, 2018 1:23 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone in high bracket using short or Ltd. term muni for EF?
Replies: 19
Views: 730

Re: Anyone in high bracket using short or Ltd. term muni for EF?

I recently moved some funds from Ally's no-penalty CD into limited-term tax exempt. I'm comfortable with the term risk. Vanguard states the average duration is 2.5 years. There is also some credit risk. I'm not sure how to evaluate this. Reading about unsustainable pension obligations has made me u...
by am
Sun Apr 22, 2018 12:28 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone in high bracket using short or Ltd. term muni for EF?
Replies: 19
Views: 730

Anyone in high bracket using short or Ltd. term muni for EF?

Like the subject, anyone using short to Ltd. term muni funds from vanguard as their primary source of liquid cash or emergency fund? Seems like the max drawdown is <5% historically but tax equivalent yields for someone in 32% bracket is 2.77% for short term and 3.27% for Ltd term. My Amex taxable sa...
by am
Sun Apr 22, 2018 12:19 pm
Forum: Investing - Help with Personal Investments
Topic: mutual funds or etfs, why each
Replies: 33
Views: 2140

Re: mutual funds or etfs, why each

why pick mutual funds over etf's taxable trading account? or tax deferred? multiple threads on it here to learn from. I like them mostly because of the ability to buy fractional shares. With ETFs I have to buy a whole number of shares which makes for leftover cash when I am trying to invest a certa...
by am
Sun Apr 22, 2018 8:58 am
Forum: Investing - Help with Personal Investments
Topic: 5% prepaid card versus int. Muni
Replies: 6
Views: 787

5% prepaid card versus int. Muni

I am in the process of simplifying my accounts. I set up 5 netspend and 2 insight visa prepaid cards years ago which offer 5% fdic taxable accounts. It takes time to remove the interest accumulated via ach bank transfer and a pain to keep track of all the passwords for the accounts which I have to c...
by am
Sat Apr 21, 2018 3:19 pm
Forum: Investing - Theory, News & General
Topic: What If Rip Van Winkle Invested In The Stock Market?
Replies: 6
Views: 1202

Re: What If Rip Van Winkle Invested In The Stock Market?

Good article and reminder.I think most bogleheads know to buy, hold and ignore the noise. Calamities, wars, crashes etc. are all noise when it comes to the markets. Slow steady and boring is the path to riches in the markets if you want to do it the boglehead way.
by am
Thu Apr 19, 2018 8:01 pm
Forum: Investing - Theory, News & General
Topic: Lack of FDIC Insurance a big deal?
Replies: 39
Views: 3547

Re: Lack of FDIC Insurance a big deal?

I wonder if it’s better to be backed by vanguard/fidelity or fed gov/fdic during next crisis? The assets aren't really 'backed' by Vanguard. Vanguard just manages the assets that stand for themselves, are held in custody by another party/bank, and have a third party accounting firm audit. If the as...
by am
Thu Apr 19, 2018 7:54 pm
Forum: Investing - Theory, News & General
Topic: Lack of FDIC Insurance a big deal?
Replies: 39
Views: 3547

Re: Lack of FDIC Insurance a big deal?

I wonder if it’s better to be backed by vanguard/fidelity or fed gov/fdic during next crisis?
by am
Thu Apr 19, 2018 7:36 pm
Forum: Investing - Theory, News & General
Topic: Lack of FDIC Insurance a big deal?
Replies: 39
Views: 3547

Re: Lack of FDIC Insurance a big deal?

patrick wrote:
Thu Apr 19, 2018 7:24 pm
Popular Direct now has an FDIC insured savings account yielding 2%. Why settle for 1.8% uninsured when you can get 2.0% insured?
If your at 32% bracket muni mm.yields 1.5% which is 2.5% or so tax equivalent when you count fed + state + investment tax.
by am
Thu Apr 19, 2018 1:10 pm
Forum: Investing - Theory, News & General
Topic: Lack of FDIC Insurance a big deal?
Replies: 39
Views: 3547

Re: Lack of FDIC Insurance a big deal?

Did mm accounts exist during the Great Depression? If so, what happened?
by am
Thu Apr 19, 2018 11:27 am
Forum: Investing - Theory, News & General
Topic: Lack of FDIC Insurance a big deal?
Replies: 39
Views: 3547

Re: Lack of FDIC Insurance a big deal?

From the prospectus for prime money market: “You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. The Fund may impose a fee upon sale of your shares or may temporarily suspend your abil...
by am
Sun Apr 15, 2018 4:59 pm
Forum: Investing - Theory, News & General
Topic: Trinity Study updated to 2018
Replies: 113
Views: 9990

Re: Trinity Study updated to 2018

Trying to predict the future with math and past performance. And then we debate it ad nauseum. I like Taylor’s method. Make sure you have a reasonable amount to cover basics (ss, pension, annuity) or enough $ to get there if early retirement. In bad years, you may have to buckle down, not travel, ea...
by am
Sun Apr 15, 2018 4:32 pm
Forum: Investing - Help with Personal Investments
Topic: Max % of tax exempt bonds in portfolio?
Replies: 10
Views: 764

Re: Max % of tax exempt bonds in portfolio?

I think 25% of your portfolio, and half of your bonds, in munis is totally within reason. Also note that in the 24% bracket the yields on VWIUX and VBTLX are close. If you're uncomfortable just add in a little total bond in taxable. 2.96 vbtlx versus 3.42 vwiux int. Muni TEY at 24% bracket and 4.1 ...
by am
Sun Apr 15, 2018 3:36 pm
Forum: Investing - Help with Personal Investments
Topic: Max % of tax exempt bonds in portfolio?
Replies: 10
Views: 764

Re: Max % of tax exempt bonds in portfolio?

Our asset allocation goal is 50% stocks and 50% bonds. With a large portion of our portfolio being in a taxable account we need a good chunk of bonds in taxable. With pension issues and some shakiness in municipal finances is there a maximum % that it is reasonable to have in muni bonds? If we go w...
by am
Sat Apr 14, 2018 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: Insight Card (APY 5%) full personal review
Replies: 32
Views: 2822

Re: Insight Card (APY 5%) full personal review

5 percent is nice, but this sounds like a pain in the butt. Yes, it does. And what if you jump through all those hoops and then Insight changes the rules to something like 5% on the first $1,000 (like Netspend), and 0.01% on everything above $1,000? Or what if they start charging a $10/mo fee if yo...
by am
Fri Apr 13, 2018 7:14 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone in high bracket switching to muni. Money market?
Replies: 14
Views: 1252

Re: Anyone in high bracket switching to muni. Money market?

Municipal bond interest is excluded from the NIIT That is a big plus for high income individuals to use munis for income https://www.irs.gov/taxtopics/tc559 Thanks for posting. So for high brackets, munis are 3.8% more valuable than just the tax equivalent calculation. Seems like this added tax app...
by am
Fri Apr 13, 2018 3:50 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone in high bracket switching to muni. Money market?
Replies: 14
Views: 1252

Re: Anyone in high bracket switching to muni. Money market?

I use Ltd Term TE; it is running about 2% after tax right now. Thought about this fund, 2.82 yield investor shares at my bracket. But, there’s a 30 day hold from buying every time you sell. Taxable event every time you sell. High to low price over last decade is nearly 5%. But 381 dollars extra (ba...
by am
Fri Apr 13, 2018 3:26 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone in high bracket switching to muni. Money market?
Replies: 14
Views: 1252

Re: Anyone in high bracket switching to muni. Money market?

If I remember correctly, somebody posted on another thread that the muni mm yield jumps intermittently only to descend to lower less competitive levels, whereas prime mm does not. Plus muni mm doesn’t have fdic and is riskier than a high yield savings. Next crisis may involve municipalities, and whi...
by am
Thu Apr 12, 2018 10:32 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone in high bracket switching to muni. Money market?
Replies: 14
Views: 1252

Anyone in high bracket switching to muni. Money market?

At 32% marginal bracket now 2.10% tax equivalent yield for Vang. Muni mm. Amex savings which I’m using for some of my cash holding is 1.55 taxable. Seems with rising rates coming, the money market will better keep up and probably beat the high yield savings account. I considered short to limited ter...
by am
Thu Apr 12, 2018 8:29 pm
Forum: Investing - Help with Personal Investments
Topic: Top 3?
Replies: 10
Views: 1577

Re: Top 3?

Precious metals and mining, emerging markets, and small cap int.
by am
Wed Apr 11, 2018 9:38 pm
Forum: Investing - Help with Personal Investments
Topic: Emergency Fund Investing
Replies: 24
Views: 1813

Re: Emergency Fund Investing

Also consider short term or limited term muni for high brackets. These fluctuate < 5% most of the time,
by am
Wed Apr 11, 2018 7:07 am
Forum: Investing - Help with Personal Investments
Topic: Investor to admiral shares conversion question
Replies: 11
Views: 768

Investor to admiral shares conversion question

My partners brokerage currently has Vang. Intermed. Muni fund investor shares. Yesterday, I invested enough to have over 50k in the fund and am eligible for admiral shares. Can I do the conversion myself online (investor—>admiral vwiux) or should I call? Is this a taxable event if I do it myself onl...
by am
Sun Apr 08, 2018 11:42 am
Forum: Investing - Help with Personal Investments
Topic: Very short term investment
Replies: 17
Views: 1134

Re: Very short term investment

What about https://personal.vanguard.com/us/funds/snapshot?FundIntExt=INT&FundId=1492&funds_disable_redirect=true The return (current SEC yield 2.17%) is comparable to a 1-year CD but the fund has no early withdrawal penalty. The underlying bonds are investment grade and are held to maturity, with ...
by am
Sun Apr 08, 2018 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Wanting to start medical info blog- things to consider
Replies: 5
Views: 340

Wanting to start medical info blog- things to consider

I had a discussion over the holidays with a physician I know who was thinking of starting a medical information blog as a hobby and income source. He enjoys writing and thinks this would help him and patients. In particular, he was thinking of writing about medical topics he sees in his practice so ...
by am
Thu Apr 05, 2018 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Recommendations
Replies: 43
Views: 3623

Re: Credit Card Recommendations

Depending on how often you fly internationally, the Amex Schwab Platinum is worth considering. It gets you 5x points on airfare, which are then redeemable for cash at 1.25c/each into your Schwab account. That makes it a 6.25% cash back card on airfare purchases. It's easy to come out ahead in the f...
by am
Wed Apr 04, 2018 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Insight Card (APY 5%) full personal review
Replies: 32
Views: 2822

Re: Insight Card (APY 5%) full personal review

BogleMelon wrote:
Wed Apr 04, 2018 3:14 pm
am wrote:
Wed Apr 04, 2018 3:11 pm
I have one for myself and one for wife. What’s the limit? Seems like the 5% won’t last too long as netspend limits it to 1k and I don’t know of any others.
Currently the limit is $5000 per card
I’ve got total of 10k on 2 cards, can I get anymore cards?
by am
Wed Apr 04, 2018 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Insight Card (APY 5%) full personal review
Replies: 32
Views: 2822

Re: Insight Card (APY 5%) full personal review

I have one for myself and one for wife. What’s the limit? Seems like the 5% won’t last too long as netspend limits it to 1k and I don’t know of any others.
by am
Sun Apr 01, 2018 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Retire at 55, what's the magic number
Replies: 90
Views: 10024

Re: Retire at 55, what's the magic number

I’d be worried about health insurance costs. For me, 33x expenses(including discretionary expenses)- (ss x 2) - (20k state pension at 62) + 30k for health from 55-65. Wouldn’t living expenses include healthcare? Well, I’m thinking of current expenses which do not include health since it’s paid by m...
by am
Sun Apr 01, 2018 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: Asset protection
Replies: 5
Views: 400

Re: Asset protection

I think malpractice insurance is enough in almost all cases. Awards over policy limits are very rare. If your very wealthy and still practicing medicine, consider a place like the VA where your liability is limited.
by am
Sun Apr 01, 2018 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Retire at 55, what's the magic number
Replies: 90
Views: 10024

Re: Retire at 55, what's the magic number

I’d be worried about health insurance costs. For me, 33x expenses(including discretionary expenses)- (ss x 2) - (20k state pension at 62) + 30k for health from 55-65.
by am
Sun Apr 01, 2018 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: Prepaid card 5% savings account and safety
Replies: 1
Views: 325

Prepaid card 5% savings account and safety

I am using 5% savings accounts associated with netspend and insight prepaid debit cards as part of my cash reserves which is about 20k (2 insights, 10 netspend and brinks for wife and myself). Of late as yields are starting to slowly rise, I have started to wonder about safety of these cards? Is thi...
by am
Sun Apr 01, 2018 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: 4% SWR - planning for worst, hoping for better
Replies: 37
Views: 2159

Re: 4% SWR - planning for worst, hoping for better

I've played with Firecalc and such tools plugging in different withdrawal amounts and seeing the "odds" of success . The 4% studies are more of academic interest than really being all that useful since people expenses are not constant in retirement. You also need to consider the definition of "fail...
by am
Sun Apr 01, 2018 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: 4% SWR - planning for worst, hoping for better
Replies: 37
Views: 2159

Re: 4% SWR - planning for worst, hoping for better

I've played with Firecalc and such tools plugging in different withdrawal amounts and seeing the "odds" of success . The 4% studies are more of academic interest than really being all that useful since people expenses are not constant in retirement. You also need to consider the definition of "fail...
by am
Sun Apr 01, 2018 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on tax situation- optimizing w2 pay versus business income s corp
Replies: 2
Views: 200

Re: Advice on tax situation- optimizing w2 pay versus business income s corp

Roughly optimal salary would be a "take-home pay" of $18,500 plus FICA, tax withholding, etc. 25 percent company match gives you a 401k of $23,125. (Add $6k to salary if 50 or older). However, the IRS expects the salary to be in line with reasonable compensation for the field. I'd guess this would ...
by am
Sun Apr 01, 2018 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Resign from job or possible termination
Replies: 76
Views: 9086

Re: Resign from job or possible termination

When we say fired for cause, or not renewed for cause, do we mean doing something unethical or dishonest, or is this simply not performing up to par? If not performing up to par, perhaps due to personal difficulties or toxic environment, how do you go about finding the next opportunity and what do y...
by am
Sun Apr 01, 2018 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Advice on tax situation- optimizing w2 pay versus business income s corp
Replies: 2
Views: 200

Advice on tax situation- optimizing w2 pay versus business income s corp

Partner has a blog (non service business) on pace to earn about 100k this year with an s corp. We are at the upper 32% or maybe lower 35% bracket together where I am a w2 worker. She maxes out solo 401k+ max profit sharing. Was wondering about optimal amount of her w2 wages versus pass through busin...
by am
Mon Mar 26, 2018 9:50 pm
Forum: Personal Consumer Issues
Topic: Question for physicians-- is my taking call worth it?
Replies: 61
Views: 6481

Re: Question for physicians-- is my taking call worth it?

If you can opt out with no consequences than it is a no brainer to not to do it. As they say, you can’t take the money with you. Plus all the money you make may not be used if you drop deads from all the stress and pain.
by am
Wed Mar 21, 2018 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Recommendations
Replies: 43
Views: 3623

Re: Credit Card Recommendations

I’ve been happy with 2% fidelity visa for everyday, chase freedom for 5% quarterly categories, chase sapphire reserve for travel and dining 4.5% back when using portal (plus I get free travel insurance), amazon prime visa for 5% amazon and occasional bonus categories (dining right now). I keep a fre...
by am
Wed Mar 14, 2018 9:12 pm
Forum: Investing - Help with Personal Investments
Topic: 200K sitting in brokerage account
Replies: 20
Views: 3240

Re: 200K sitting in brokerage account

200k all at once and forget about it. If your a long term investor it won’t matter.
by am
Tue Mar 06, 2018 7:31 pm
Forum: Investing - Theory, News & General
Topic: Crypto Index Fund
Replies: 26
Views: 2145

Re: Crypto Index Fund

At least it will be very tax efficient as there won’t be any dividends. Don’t think capitol gains will be distributed either as it won’t be regulated like mutual funds. How will it rebalance? Given the volatility, this may be on a daily basis. Fun little product, kinda like gambling every day but no...
by am
Tue Mar 06, 2018 4:38 pm
Forum: Personal Consumer Issues
Topic: Free Trades with Fidelity
Replies: 5
Views: 655

Re: Free Trades with Fidelity

I wanted to share how to get 10 or so commission free trades on Fidelity. I have politely requested free trades from a representative through Fidelity chat, and they have granted my request each time. Go here: https://www.fidelity.com/customer-service/overview and click chat with a representative t...
by am
Mon Mar 05, 2018 12:04 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe’s New Book Available: Reducing Risk Of Black Swans
Replies: 127
Views: 12392

Re: Larry Swedroe’s New Book Available: Reducing Risk Of Black Swans

I wonder if any retail investor has actually come ahead of a three funder after fees, taxes, implementation costs, etc?
by am
Wed Feb 28, 2018 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Chase sapphire reserve versus BOF premium rewards
Replies: 36
Views: 3659

Re: Chase sapphire reserve versus BOF premium rewards

It depends. I never consider card X against card Y as the importance is in how does card X mesh with my other cards vs card Y. One card is a cash back card (BofA) and the other is a travel card (CSR). It 100% depends on what the individual needs from the card. As far as strictly cash back, the 2.62...