Search found 7550 matches

by stan1
Tue Nov 19, 2019 11:42 am
Forum: Personal Investments
Topic: High ER 401K fund choice
Replies: 9
Views: 294

Re: High ER 401K fund choice

How long do you plan to stay with this company? What is your federal and state tax bracket? What are your ages? Thanks for the reply. Probably a minimum of 5 years, hopefully much longer (although on average most people in my specialty change jobs 1-2x). Federal tax bracket is 32% (our combined inc...
by stan1
Tue Nov 19, 2019 10:55 am
Forum: Personal Investments
Topic: High ER 401K fund choice
Replies: 9
Views: 294

Re: High ER 401K fund choice

That's an awful plan. Often this means your employer is relying on high expense ratio funds to reimburse plan administration costs. It's pretty surprising to see plans like this still in existence. There have been multiple class action law suits about high expense funds but maybe in a small business...
by stan1
Tue Nov 19, 2019 7:29 am
Forum: Personal Investments
Topic: Vanguard Charitable Transfer Duration
Replies: 3
Views: 120

Re: Vanguard Charitable Transfer Duration

My experience was Vanguard Charitable is not fast. Personally I'd give them 1-2 more days more before calling. Keep in mind Vanguard Charitable has a minimum grant of $500. If that doesn't meet your needs you can transfer your DAF from Vanguard Charitable to Fidelity Charitable where the minimum gra...
by stan1
Mon Nov 18, 2019 7:18 pm
Forum: Personal Investments
Topic: 20-25 years till retirement- LifeStrategy Moderate Growth Fund ?
Replies: 47
Views: 2134

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

If it was me I would invest your current portfolio (excluding emergency funds), max out all retirement accounts, and then if you still have money to save I would make 1 or 2 extra payments towards the mortgage principal every year. If you have even more money after that I would keep investing in th...
by stan1
Mon Nov 18, 2019 6:35 pm
Forum: Personal Investments
Topic: 20-25 years till retirement- LifeStrategy Moderate Growth Fund ?
Replies: 47
Views: 2134

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

If it was me I would invest your current portfolio (excluding emergency funds), max out all retirement accounts, and then if you still have money to save I would make 1 or 2 extra payments towards the mortgage principal every year. If you have even more money after that I would keep investing in the...
by stan1
Mon Nov 18, 2019 8:52 am
Forum: Personal Investments
Topic: How to Decide Between Roth Conversion and Cap Gains Harvesting?
Replies: 35
Views: 1504

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

How much of these assets do you reasonably expect to leave to your heirs? Your heirs will get stepped up cost basis on the taxable account (no capital gains taxes owed). If you expect much of this account to be left to your heirs there's not much reason to do gain harvesting. Once you start doing RM...
by stan1
Sun Nov 17, 2019 12:46 pm
Forum: Personal Investments
Topic: Multi-tired emergency fund
Replies: 14
Views: 1316

Re: Multi-tired emergency fund

In rough order of what we'd do (although could make arguments order would be different depending upon specific circumstances): - Credit card, paid off within 30 days - Checking (for places that won't take credit card) - Money market or high yield savings (where depends on yield) - Credit card, paid ...
by stan1
Sat Nov 16, 2019 8:41 pm
Forum: Personal Investments
Topic: Taxable account
Replies: 12
Views: 1644

Re: Taxable account

I found all of this interesting. Does anybody have an example or a link to an article on what the potential tax impact for let's say $10,000 U.S. of FZROX vs ITOT in a taxable account? In my taxable account I am looking to hold one broad based U.S. Stock index and have currently been keeping a tiny...
by stan1
Sat Nov 16, 2019 2:13 pm
Forum: Personal Investments
Topic: Factoring heirs into overall asset allocation
Replies: 10
Views: 716

Re: Factoring heirs into overall asset allocation

Sure, once you have more than "enough" you may decide to do multiple things to benefit your heirs. You could choose a riskier asset allocation. You could gift them money now, pay for family vacations, pay for grandchildren's education expenses, or similar. You could convert Traditional IRAs to Roth ...
by stan1
Sat Nov 16, 2019 2:06 pm
Forum: Personal Investments
Topic: How to sell my Aunts shopping plaza?
Replies: 29
Views: 3359

Re: How to sell my Aunts shopping plaza?

It is possible someone who would be interested in the liquor store would also be interested in the real estate, and vice versa. You might try to talk to the commercial real estate broker about that option. That might not get the best price but it may get a faster total outcome if your aunt really do...
by stan1
Sat Nov 16, 2019 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Question about applying for a mortgage with a non-working spouse
Replies: 24
Views: 797

Re: Question about applying for a mortgage with a non-working spouse

Why are you carrying small amounts of credit card debt if you make $300K/year even in NYC (yes its expensive)? Are you not paying off all the cards each month?
by stan1
Sat Nov 16, 2019 9:56 am
Forum: Personal Finance (Not Investing)
Topic: Question about applying for a mortgage with a non-working spouse
Replies: 24
Views: 797

Re: Question about applying for a mortgage with a non-working spouse

If neither of you haven't missed any payments on your debts and they are "small and manageable" it won't impact your ability to buy a house at all. That's assuming no bankruptcies or foreclosures. What is your credit score now? If your wife is on the loan with you and you pass away she still has the...
by stan1
Sat Nov 16, 2019 9:01 am
Forum: Personal Investments
Topic: Ultra Short Term Treasury ETFs
Replies: 36
Views: 2615

Re: Ultra Short Term Treasury ETFs

I will give Vanguard a call on Monday, but does anyone know if Vanguard has the ETF-equivalent of VMMXX? I can't find it, so I'm assuming not but thought i'd throw it out there. Out of luck on that one, Vanguard does not have ETF equivalents of their money market funds. OP, why are you insistent th...
by stan1
Sat Nov 16, 2019 8:47 am
Forum: Investing - Theory, News & General
Topic: Selling before Year End Distributions
Replies: 13
Views: 1233

Re: Selling before Year End Distributions

If you were to sell it now would all of your gains be long term? The distribution will be both long term and short term gains. If you really don't want to hold this active fund in taxable any longer yes I'd sell it in entirety now for a long term gain rather than take the distributions which will be...
by stan1
Sat Nov 16, 2019 8:33 am
Forum: Personal Investments
Topic: Ultra Short Term Treasury ETFs
Replies: 36
Views: 2615

Re: Ultra Short Term Treasury ETFs

Caduceus wrote:
Sat Nov 16, 2019 6:02 am
I will give Vanguard a call on Monday, but does anyone know if Vanguard has the ETF-equivalent of VMMXX? I can't find it, so I'm assuming not but thought i'd throw it out there.
Out of luck on that one, Vanguard does not have ETF equivalents of their money market funds.
by stan1
Fri Nov 15, 2019 9:46 pm
Forum: Personal Investments
Topic: Ultra Short Term Treasury ETFs
Replies: 36
Views: 2615

Re: Ultra Short Term Treasury ETFs

For those of you using treasury bills (not ETFs) for cash funds in a brokerage fund what did you use to buy stocks around December 26, 2018 (best buying opportunity in a few years)? Isn't that the reason you are holding cash in a brokerage account to begin with? No market timing lecture please. ETF ...
by stan1
Fri Nov 15, 2019 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: California Divorce, Our Son
Replies: 28
Views: 4042

Re: California Divorce, Our Son

He shouldn’t do anything with finances (including transferring funds to you) until he speaks with an attorney. A transfer before or during a divorce proceeding might be unfavorably viewed by the spouse’s attorney or the judge. An amicable split of the finances with the aid of a mediator may cost th...
by stan1
Fri Nov 15, 2019 1:59 pm
Forum: Investing - Theory, News & General
Topic: Is the FIRE Movement Responsible for this Historic Bull Market Run
Replies: 76
Views: 6034

Re: Is the FIRE Movement Responsible for this Historic Bull Market Run

"Retire Early" means different things to different people. To some it means not working. To others it means a different job that's fewer hours, less stress, or more enjoyable. Maybe we used to call that semi-retired. This seems to be a big part of the misunderstanding between BH and FIRE communities...
by stan1
Fri Nov 15, 2019 12:29 pm
Forum: Personal Consumer Issues
Topic: Name on an International Ticket
Replies: 10
Views: 781

Re: Name on an International Ticket

You'd probably want to ask on FlyerTalk as well although I think you can also search and you'll see many different situations and outcomes. What did American Express say when you talked to them? Did your wife use the Amex website or talk to a live person? If a live person that rep should have emphas...
by stan1
Fri Nov 15, 2019 12:22 pm
Forum: Personal Investments
Topic: Mortgage? Pay cash?
Replies: 44
Views: 3178

Re: Mortgage? Pay cash?

In the big picture if the cost of the new house is less than 20% of your net worth it is unlikely to make much of a difference and it becomes a personal preference. Personally I would probably pay cash for the new house with taking out a loan for the difference between the sales price of the current...
by stan1
Fri Nov 15, 2019 10:37 am
Forum: Personal Investments
Topic: Portfolio review. How’s it look?!
Replies: 6
Views: 746

Re: Portfolio review. How’s it look?!

You are doing fine. Manage your expenses. First and foremost to that is communication with your spouse to set your priorities. After that its understanding where the money is going and making sure it is being spent in alignment with your shared priorities. Contribute enough to both 401Ks to get matc...
by stan1
Fri Nov 15, 2019 10:19 am
Forum: Personal Investments
Topic: Did anyone get this email from Vanguard?
Replies: 7
Views: 697

Re: Did anyone get this email from Vanguard?

It's an SEC requirement for any brokerage to collect this information and make a good faith effort to do so (such as sending you an email), but you as a client are not legally obligated to provide it.

Reference the SEC website:
https://www.sec.gov/fast-answers/answer ... fohtm.html
by stan1
Fri Nov 15, 2019 10:15 am
Forum: Investing - Theory, News & General
Topic: Is the FIRE Movement Responsible for this Historic Bull Market Run
Replies: 76
Views: 6034

Re: Is the FIRE Movement Responsible for this Historic Bull Market Run

There was a notion a few years ago that boomer 401K and IRA retirement accounts were responsible for the historic bull run and that the market would tank when they started to retire and withdraw. Hasn't happened. Individual super savers (greatest generation "millionaires next door", boomers with a $...
by stan1
Fri Nov 15, 2019 9:02 am
Forum: Personal Investments
Topic: Vanguard funds at Merrill Edge is there a catch?
Replies: 16
Views: 688

Re: Vanguard funds at Merrill Edge is there a catch?

What is the cost to buy these funds? Looks like $19.95 per purchase. That adds up if you are purchasing regularly. Maybe not a big deal if you are going to buy once and hold for a long time without making additional investments. Use ETF share classes of those funds (VOO and BND) instead which have ...
by stan1
Fri Nov 15, 2019 8:42 am
Forum: Personal Consumer Issues
Topic: Name on an International Ticket
Replies: 10
Views: 781

Re: Name on an International Ticket

You would be at the mercy of a half dozen different people to cut you a break throughout the process. Maybe all of them would even if they aren't supposed to do so but I wouldn't want the hassle of denied boarding especially if you are traveling with your wife. I think its an expensive lesson learne...
by stan1
Fri Nov 15, 2019 7:53 am
Forum: Personal Investments
Topic: Vanguard funds at Merrill Edge is there a catch?
Replies: 16
Views: 688

Re: Vanguard funds at Merrill Edge is there a catch?

What is the cost to buy these funds? Looks like $19.95 per purchase. That adds up if you are purchasing regularly. Maybe not a big deal if you are going to buy once and hold for a long time without making additional investments. Use ETF share classes of those funds (VOO and BND) instead which have z...
by stan1
Fri Nov 15, 2019 7:45 am
Forum: Personal Consumer Issues
Topic: Apple T2 Security Chip: Upgrade Worth It for Security?
Replies: 1
Views: 303

Re: Apple T2 Security Chip: Upgrade Worth It for Security?

Secure boot and improved data encryption are not hype buy they are hopefully features you never see because they just work in the background. I usually use my laptop at a table with the clamshell closed and an external monitor so TouchID is not usable to me. This chip would not be a deciding factor ...
by stan1
Thu Nov 14, 2019 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: HDHP over BCBS Basic for Feds?
Replies: 70
Views: 3264

Re: HDHP over BCBS Basic for Feds?

Do you have any concerns about the Rx coverage? I'm used to a flat $10 copay vs 25%. Is 25% good? Not sure how much generic drugs cost these days. Many of the FEHB plans now have prescription cost calculators so you can put in what you use. Prescription drug coverage for non-generic drugs has becom...
by stan1
Thu Nov 14, 2019 8:58 pm
Forum: Personal Investments
Topic: Questions about Fidelity Charitable DAF
Replies: 34
Views: 1900

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 stan1
Thu Nov 14, 2019 8:50 pm
Forum: Personal Investments
Topic: Asset protection
Replies: 8
Views: 677

Re: Asset protection

Umbrella policy

Do not own a liability trap such as a swimming pool, trampoline, ATV, boat, horse, etc. that could cause injury to another party

Homestead exemption (varies by state)

Lower risk career that is less likely to incur litigation

LLC for rental property
by stan1
Thu Nov 14, 2019 7:25 pm
Forum: Personal Consumer Issues
Topic: Non-Specific Return Address
Replies: 12
Views: 807

Re: Non-Specific Return Address

You told us you are on the HOA board in the other thread where you wanted to inform future buyers of your neighbor's property about the noisy landscaping crew. Is your board seat up for re-election or are you trying to support other candidates? Seems very strange that your primary concern would be w...
by stan1
Thu Nov 14, 2019 5:04 pm
Forum: Investing - Theory, News & General
Topic: Erosion of credit quality in Total Bond
Replies: 18
Views: 1300

Re: Erosion of credit quality in Total Bond

hudson wrote:
Thu Nov 14, 2019 1:17 pm
Personally, I would go with CDs. 5 Year CDs are out there paying 3% at times.
Agree CDs have their place. For my mom (now 86) I was able to buy 3% 5 year CDs in Jan 2014 and 3.5% 5 year CDs in Jan 2019. Sometimes one gets lucky with timing.
by stan1
Thu Nov 14, 2019 11:40 am
Forum: Personal Investments
Topic: If one is pessimistic about both stocks and bonds, does a SPIA make sense?
Replies: 64
Views: 3193

Re: If one is pessimistic about both stocks and bonds, does a SPIA make sense?

There are SPIA products with fixed inflation adjustments (e.g. 2%) but I don't think you will find one that floats with the CPI. No insurance company these days is going to take on that risk for you the way that Social Security still does or a corporate pension might have in the past. If you could f...
by stan1
Thu Nov 14, 2019 10:02 am
Forum: Personal Investments
Topic: Loss harvesting between gold ETFs
Replies: 5
Views: 307

Re: Loss harvesting between gold ETFs

Talk to a CPA or your tax adviser first. A CPA or tax advisor has no additional information to offer so you'd basically be paying for someone to help you assess your risk tolerance. Either you TLH in this situation because there is no known or specific prohibition on doing so or you don't do it out...
by stan1
Thu Nov 14, 2019 8:52 am
Forum: Personal Investments
Topic: Loss harvesting between gold ETFs
Replies: 5
Views: 307

Re: Loss harvesting between gold ETFs

I have some losses in the IAU Gold ETF. Can I sell my entire IAU position and immediately buy SGOL instead, and declare a loss for tax purposes? Or are the two funds TOO similar? The IRS has not told us their answer. In the case of different S&P 500 index funds they've had over 40 years to let us k...
by stan1
Thu Nov 14, 2019 8:33 am
Forum: Personal Finance (Not Investing)
Topic: What are the best jobs to downshift into?
Replies: 32
Views: 4291

Re: What are the best jobs to downshift into?

Right, there are non-profits that do medical research and non-profits that feed the homeless. Not quite the same expectations.
by stan1
Thu Nov 14, 2019 8:27 am
Forum: Personal Finance (Not Investing)
Topic: What are the best jobs to downshift into?
Replies: 32
Views: 4291

Re: What are the best jobs to downshift into?

Excluding doing the same work part time or consulting for the same line of work. Two ideas that came to me: working for a nonprofit you care about and working at a golf course. For a non-profit there are paid and unpaid (volunteer positions). Most community based non-profits I'm familiar with have ...
by stan1
Wed Nov 13, 2019 6:00 pm
Forum: Investing - Theory, News & General
Topic: New era for TSP "I" Fund?
Replies: 72
Views: 12281

Re: New era for TSP "I" Fund?

The FRTIB met today and reaffirmed their decision to convert the I Fund to an All World Ex US index. https://www.govexec.com/pay-benefits/2019/11/tsp-board-reaffirms-decision-broaden-international-fund-despite-congressional-pressure/161280/?oref=ge-featured-river-secondary Board Chairman Michael Ken...
by stan1
Wed Nov 13, 2019 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: Employer requesting increased travel
Replies: 36
Views: 2950

Re: Employer requesting increased travel

You are a fundraiser. They want you to raise more money, and they think the way to do it is with more face time with potential donors. If you can raise more money without traveling I am sure they will be happy. But keep in mind that higher education has an infinite thirst for more money. I suspect ...
by stan1
Tue Nov 12, 2019 9:24 pm
Forum: Personal Consumer Issues
Topic: Blankets/Bedding for Cold Winter Nights
Replies: 56
Views: 3497

Re: Blankets/Bedding for Cold Winter Nights

Three or four medium sized dogs. More flexibility than two large dogs.
by stan1
Tue Nov 12, 2019 9:02 pm
Forum: Personal Investments
Topic: Searching for broad ETF that tilts value
Replies: 11
Views: 399

Re: Searching for broad ETF that tilts value

yaqub wrote:
Tue Nov 12, 2019 8:53 pm
And no, we're not attached to QQQ. I imagine a lot of folks here don't look on it too favorably, so we're open to suggestions on replacement- VTI, probably?
Yes, I would recommend VTI, SCHB, ITOT, or even an S&P 500 fund/ETF rather than pairing QQQ (or VUG) with VTV and rebalancing manually.
by stan1
Tue Nov 12, 2019 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Homebuying in Los Angeles - Advice Needed
Replies: 65
Views: 5242

Re: Homebuying in Los Angeles - Advice Needed

Also a well located Los Angeles area home is likely to be 40-100+ years old. Upkeep comes at a cost even if you pay a premium for a house that has already been "modernized". You might enjoy making the home your own for your family to enjoy but maybe you'd rather not spend your time that way. That's ...
by stan1
Tue Nov 12, 2019 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Homebuying in Los Angeles - Advice Needed
Replies: 65
Views: 5242

Re: Homebuying in Los Angeles - Advice Needed

2) Paying $5k rent for a $1.25M house is 0.4%/mo. The rule of thumb for landlords is 1% a month is a deal worth looking at because it's potentially cash flow positive. At 0.4% I'm reasonably sure LA landlords are cash flow negative. So basically, you are ripping off a landlord by renting, but that'...
by stan1
Mon Nov 11, 2019 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Will I be audited?
Replies: 51
Views: 4237

Re: Will I be audited?

What does audit insurance cost? Just curious. AuditDefense through TurboTax is $40/year. Their website says they have 11,000,000 members. Do the math! It's low cost insurance that it seems a lot of people are willing to pay into even though very few will need it. People are afraid of audits for no ...
by stan1
Mon Nov 11, 2019 3:29 pm
Forum: Personal Investments
Topic: 5 fund portfolio
Replies: 10
Views: 1354

Re: 5 fund portfolio

FSKAX - Total US Stock Market -- 40% FTIHX - Total non-US stock market -- 20% FXNAX - Total US Bond Index -- 20% FREL - Fidelity REIT index -- 10% IAU - Gold etf -- 10% OK, I'll give it a guess based on what you've told us (see above). Seems you don't want to tell us yet what you've chosen for some...
by stan1
Mon Nov 11, 2019 2:59 pm
Forum: Personal Investments
Topic: USAA Giving Fund (Donor Advised Fund)
Replies: 10
Views: 408

Re: USAA Giving Fund (Donor Advised Fund)

What is the minimum grant amount at USAA? One advantage of Fidelity Charitable is that the minimum grant is $50. That makes it very easy to donate to all the causes that come up during the course of the year. As a counter example the minimum grant at Vanguard is $500. I often want to donate less tha...
by stan1
Mon Nov 11, 2019 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Homebuying in Los Angeles - Advice Needed
Replies: 65
Views: 5242

Re: Homebuying in Los Angeles - Advice Needed

It's a personal preference and a lifestyle choice. If you can really rent a $1.25M home for $5000/month that's a pretty good deal (especially since property taxes alone at 1% would be $12,500/year).
by stan1
Mon Nov 11, 2019 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: What is reasonable HOA reserve?
Replies: 13
Views: 1294

Re: What is reasonable HOA reserve?

In our HOA's case funding the reserves to 100% of requirements in the reserve study would mean sitting on over $500K. Our board does not feel that is a good use of owners funds. We chose to fund at 70% (the property values are far above the maximum for FHA and VA loans). Our association is responsib...
by stan1
Mon Nov 11, 2019 1:25 pm
Forum: Personal Consumer Issues
Topic: Mobile finance apps - do you use them?
Replies: 22
Views: 1061

Re: Mobile finance apps - do you use them?

If you don't have them on your phone is there a reason for it? There's no factual reason to not use them, but some people just prefer not to. An abundance of caution is not a factual reason but it is a valid personal preference you are free to make. If you are a high profile individual (politician,...
by stan1
Mon Nov 11, 2019 1:19 pm
Forum: Personal Consumer Issues
Topic: Kohl's credit card refuse to refund undelivered order
Replies: 27
Views: 1209

Re: Kohl's credit card refuse to refund undelivered order

Here is a link to the Federal Trade Commission's website on disputing credit card charges: https://www.consumer.ftc.gov/articles/0219-disputing-credit-card-charges Note it says you must dispute the charge in writing within 60 days of the first bill to assert and exercise your rights. The Fair Credit...