Search found 3817 matches

by Artsdoctor
Mon Apr 22, 2019 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: If FIRECalc shows 100% success rate, what holds you back from retiring?
Replies: 38
Views: 2067

Re: If FIRECalc shows 100% success rate, what holds you back from retiring?

From a financial point of view, there's no reason for us to continue working. Two things, however, factor in to continuing to work. First, the fear of going back to the bad old days of a pre-existing illness precluding any meaningful coverage is pretty intense; there seems to be this crazy belief am...
by Artsdoctor
Sat Apr 20, 2019 1:27 pm
Forum: Investing - Theory, News & General
Topic: Does 100% stocks make sense for very high net worth individuals
Replies: 126
Views: 12837

Re: Does 100% stocks make sense for very high net worth individuals

The question is vague and cannot be answered unless you want to answer it as "sometimes." You're going to have to define "very high net worth individuals." If you the Investopedia definition, that would be between $5M and $30M. There's a very big difference between those numbers. And I would think y...
by Artsdoctor
Fri Apr 19, 2019 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: What I don’t understand about Donor Advised Funds...
Replies: 54
Views: 3959

Re: What I don’t understand about Donor Advised Funds...

5. Try to separate out emotion from reason in making your decision. I've heard some very odd, emotion-laden, peculiar arguments against using DAFs. One poster has described the use of DAFs as "a jerk move," which is truly incomprehensible to me. Some people see DAFs as open to abuse, which I suppos...
by Artsdoctor
Fri Apr 19, 2019 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: What I don’t understand about Donor Advised Funds...
Replies: 54
Views: 3959

Re: What I don’t understand about Donor Advised Funds...

I have read numerous (but not all) threads about DAFs, and blogs and info on the Schwab, Fidelity, etc sites. I am still unclear about the fluctuation of value of the donation after the initial appreciated stock shares are sold. Say I open an account with $10000 worth of stocks. They give me a tax ...
by Artsdoctor
Fri Apr 19, 2019 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Optimizing credit card airline points
Replies: 65
Views: 2437

Re: Optimizing credit card airline points

While it's important to optimize your accumulation of points, it's equally important to know how to use them effectively. Since you're going to be retired, I'd strongly recommend that you spend some time familiarizing yourselves with The Point Guy's website. There is a ton of extremely helpful infor...
by Artsdoctor
Thu Apr 11, 2019 5:50 pm
Forum: Investing - Theory, News & General
Topic: Vanguard is Discontinuing their VanguardAdvantage Accounts
Replies: 586
Views: 44893

Re: Vanguard is Discontinuing their VanguardAdvantage Accounts

I've already posted in the Fidelity as a one stop shop thread. https://www.bogleheads.org/forum/viewtopic.php?f=2&t=266538&p=4488715#p4488715 I'm posting here as well since I hope this thread has more folks familiar with how Advantage accounts work. Here's my post from the other thread. " I've sear...
by Artsdoctor
Mon Apr 08, 2019 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: CA Subtraction, Addition for Tax-Exempt Dividends
Replies: 20
Views: 2540

Re: CA Subtraction, Addition for Tax-Exempt Dividends

That’s wha I said. Use the % in the income column, not the % in the asset column for the CA adjustment. Where in Turbotax can we enter this? I'm looking through the California section and having trouble finding the appropriate place? I see that percentages of some Vanguard funds (including the Prim...
by Artsdoctor
Fri Apr 05, 2019 5:52 pm
Forum: Investing - Theory, News & General
Topic: Vanguard is Discontinuing their VanguardAdvantage Accounts
Replies: 586
Views: 44893

Re: Vanguard is Discontinuing their VanguardAdvantage Accounts

^ How true! Everyone has to come up with their own arbitrary line on how much they are comfortable with that concept.
by Artsdoctor
Fri Apr 05, 2019 1:03 pm
Forum: Investing - Theory, News & General
Topic: Vanguard is Discontinuing their VanguardAdvantage Accounts
Replies: 586
Views: 44893

Re: Vanguard is Discontinuing their VanguardAdvantage Accounts

^ Between the settlement fund and the linked money market fund to the Vanguard account, I earned a lot more interest last year than $300. Everyone's financial situation is different. However, you're right that it's not going to make or break anyone. On a more fundamental level, it's probably more ab...
by Artsdoctor
Thu Apr 04, 2019 8:16 pm
Forum: Investing - Theory, News & General
Topic: Vanguard is Discontinuing their VanguardAdvantage Accounts
Replies: 586
Views: 44893

Re: Vanguard is Discontinuing their VanguardAdvantage Accounts

At any rate, even if I was keeping minimal balances, and juggling my inflows and outflows, I still don't see why I wouldn't use a money market fund. It's just a better rate. UBS checking account MM sweep is paying about 2% right now. It's just like any other checking account you'd have. If you have...
by Artsdoctor
Thu Apr 04, 2019 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Federal tax refund? What are you doing with it?
Replies: 54
Views: 2365

Re: Federal tax refund? What are you doing with it?

I have always viewed large tax refunds as failures to plan appropriately. And this year I failed miserably. TurboTax saved me from making even more miserable miscalculations because I put in my estimates in November and found my faulty withholding numbers then. I haven't withheld any federal taxes s...
by Artsdoctor
Tue Apr 02, 2019 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Review after one month with Fidelity Cash Management
Replies: 84
Views: 24723

Re: Review after one month with Fidelity Cash Management

From the other thread. These are the 3 main setups. SPAXX, SPRXX, and FZDXX are the main money market funds people should look at. For those interested in this thread, here is a Fidelity comparison of SPAXX, SPRXX, and FZDXX . Tabs at the top of that display show additional information. I included ...
by Artsdoctor
Tue Apr 02, 2019 6:52 pm
Forum: Personal Consumer Issues
Topic: "The best and worst U.S. states for retirement"
Replies: 259
Views: 21549

Re: "The best and worst U.S. states for retirement"

The point I'm trying to make is that retirees have differing priorities. These lists are truly meaningless although perhaps they offer destinations that one would not think of right away when planning for retirement. I'm a physician who prizes excellent medical care so my priorities are going to be ...
by Artsdoctor
Tue Apr 02, 2019 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: TOD/POD/Trust question
Replies: 22
Views: 1434

Re: TOD/POD/Trust question

Hoops, California has a reputation of having a difficult probate process. However, bsteiner, a prominent poster on the forum, has provided very convincing studies which would rebut that. If your assets are titled correctly and have beneficiaries listed correctly, settling your estate could be quite ...
by Artsdoctor
Tue Apr 02, 2019 2:50 pm
Forum: Personal Consumer Issues
Topic: "The best and worst U.S. states for retirement"
Replies: 259
Views: 21549

Re: "The best and worst U.S. states for retirement"

Hard to argue with Florida (especially Sarasota) at #1......I'm good :happy It is true that parts of Florida are gorgeous and the weather is terrific. Add the favorable state tax structure, and it's no wonder that so many people retire there. However, Florida has always been regarded as having amon...
by Artsdoctor
Tue Apr 02, 2019 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Review after one month with Fidelity Cash Management
Replies: 84
Views: 24723

Re: Review after one month with Fidelity Cash Management

From the other thread. These are the 3 main setups. SPAXX, SPRXX, and FZDXX are the main money market funds people should look at. For those interested in this thread, here is a Fidelity comparison of SPAXX, SPRXX, and FZDXX . Tabs at the top of that display show additional information. I included ...
by Artsdoctor
Sun Mar 31, 2019 7:22 pm
Forum: Personal Investments
Topic: Fido Screws Up and Says "Tough Luck"
Replies: 32
Views: 3119

Re: Fido Screws Up and Says "Tough Luck"

So will you still do business with someone that made you "feel a bit shafted"? What is your own corrective action? I just transferred my Roth, the HSA, and a brokerage account, set up a checking account, and received the Fidelity Visa. I wanted everything under one roof, something that Vanguard cou...
by Artsdoctor
Fri Mar 29, 2019 3:19 pm
Forum: Personal Investments
Topic: Would you change your stock/bond allocation if you had access to an unusually generous stable value fund? (TIAA Trad)
Replies: 48
Views: 2561

Re: Would you change your stock/bond allocation if you had access to an unusually generous stable value fund? (TIAA Trad

When I left the university, I moved everything I had in TIAA/CREF into TIAA Trad, treating it as part of my fixed income AA (replacing a chunk I had in a bond fund with an ER I didn't like in my taxable account). I'm all for the 4% option unless you really need the flexibility at the cost of a perc...
by Artsdoctor
Fri Mar 29, 2019 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: To Escrow, or to NOT Escrow
Replies: 24
Views: 907

Re: To Escrow, or to NOT Escrow

Just curious to see what everyone else here does... We were able to put down 20% of down on our house in 2017. Our mortgage rate is @ 4.0%. Our Principal % Interest comes out to $1069.41/month Property taxes were originally ($5,610.) $467/month in 2017, and then increased to ($5,994) $499/month in ...
by Artsdoctor
Fri Mar 29, 2019 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Anybody else get a huge tax increase due to SALT deduction changes?
Replies: 101
Views: 6947

Re: Anybody else get a huge tax increase due to SALT deduction changes?

Did anybody else here get a huge tax increase as a result of the cap on the SALT deduction ? I knew the tax law changes were going to hit high-earners in high-tax states but I hadn't seen too many threads/complaints around tax-time on this board, so I figured it wouldn't be too bad. Rude surprise, ...
by Artsdoctor
Fri Mar 29, 2019 3:00 pm
Forum: Investing - Theory, News & General
Topic: Anyone else concerned about future tinkering of LS Funds?
Replies: 21
Views: 1701

Re: Anyone else concerned about future tinkering of LS Funds?

Vanguard has made a lot of changes to their TD and LS funds and leaves the door open to make others. Soon after introduction they upped the equity allocations as I recall. Many of the fund content changes were ok but some I found questionable e.g. adding significant allocation to International bond...
by Artsdoctor
Fri Mar 29, 2019 2:54 pm
Forum: Investing - Theory, News & General
Topic: I hate bonds
Replies: 116
Views: 12866

Re: I hate bonds

^ It's been a very long time since I've had a TIAA account but I remember the TIAA Traditional fund having very competitive rates but you could only sell a portion of the fund each year. If I remember correctly, it took me 10 years to liquidate the fund altogether. The rates were so competitive that...
by Artsdoctor
Fri Mar 29, 2019 1:54 pm
Forum: Investing - Theory, News & General
Topic: I hate bonds
Replies: 116
Views: 12866

Re: I hate bonds

Eventually, you'll learn to appreciate bonds. Actually, Larry Swedroe has often stated that an investor can do perfectly well holding all of their fixed income in CDs. I know of at least one other 'good' financial advisor who also prefers CDs to bond funds for investors. I'm not saying whether that...
by Artsdoctor
Fri Mar 29, 2019 1:48 pm
Forum: Personal Investments
Topic: Post 59.5 tIRA withdrawals to fund Roth’s
Replies: 9
Views: 890

Re: Post 59.5 tIRA withdrawals to fund Roth’s

Cloneman, It's nearly always going to be easier to transfer within Vanguard. You already have the IRA, you'd open a Roth, and then you'd transfer directly from the IRA to the Roth. If you'd like, you can even transfer a mutual fund holding directly from the IRA to the Roth, which could not be more e...
by Artsdoctor
Wed Mar 27, 2019 6:18 pm
Forum: Personal Investments
Topic: Avoiding tax torpedo at 70.5
Replies: 36
Views: 4518

Re: Avoiding tax torpedo at 70.5

You're in a great position. Off the cuff, you'll want to maximize your flexibility options. As others have mentioned: Rollover everything into your IRA. From the IRA, you can make Roth conversions in the amounts you're comfortable with (say, pushing your AGI up to the 22% bracket as an example). You...
by Artsdoctor
Wed Mar 27, 2019 5:39 pm
Forum: Investing - Theory, News & General
Topic: Anyone else concerned about future tinkering of LS Funds?
Replies: 21
Views: 1701

Re: Anyone else concerned about future tinkering of LS Funds?

That's a good point. I probably just need to live with the imperfections of a balanced fund if that is what I want! :D For many, LifeStrategy funds are not tax-efficient enough to hold in a taxable account so holding them in a tax-deferred account (or Roth) would be preferable. If you're doing that...
by Artsdoctor
Wed Mar 27, 2019 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax error - Under reporting threshold changes
Replies: 10
Views: 778

Re: TurboTax error - Under reporting threshold changes

I've also discovered an error in the TurboTax software this year, but it has to do with calculation of the NIIT. However, I can also say that a lot of accountants are struggling to be correct 100% of the time as well this year since the new tax law roll-out was done in such a slipshod way. And they'...
by Artsdoctor
Wed Mar 27, 2019 5:15 pm
Forum: Personal Investments
Topic: Dividends in VMMXX
Replies: 2
Views: 435

Re: Dividends in VMMXX

What is the schedule for reinvesting dividends in VMMXX? Is it monthly or weekly? I thought it's daily ... My current situation is as follows. Bought VMMXX shares on Feb 25 ($5K) Dividend generated on Feb 26 ($0.70) Reinvestment amount generated on Feb 28 ($1.01) After that, there is nothing more i...
by Artsdoctor
Wed Mar 27, 2019 5:13 pm
Forum: Personal Investments
Topic: Post 59.5 tIRA withdrawals to fund Roth’s
Replies: 9
Views: 890

Re: Post 59.5 tIRA withdrawals to fund Roth’s

Just turned 60 and have a tIRA AND t401k with over $800k total. I have Roth’s that I started for both me and DW 10 years ago during the market swoon to start to build tax free retirement income. I am going to delay SS at least to FRA. Retiring this year. Will use Pension $50k per year Non-Cola and ...
by Artsdoctor
Wed Mar 27, 2019 5:03 pm
Forum: Investing - Theory, News & General
Topic: I hate bonds
Replies: 116
Views: 12866

Re: I hate bonds

I feel I have a relatively good grasp on stock market funds, how they work, why you choose this fund or that fund,but bonds are way more complicated in my opinion. After trying to learn more about bonds ,I have realized that I haven't even scratched the surface on understanding them. Kinda of like ...
by Artsdoctor
Wed Mar 27, 2019 4:53 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 800
Views: 77606

Re: What frugal thing did you do today?

Today, I asked the accountant to add back a $300 credit on the state income tax form which he forgot. It'll save me only about $30 in taxes and in the general scheme of things, would have saved us both more time than the $30 was worth had I said nothing.
by Artsdoctor
Wed Mar 27, 2019 4:47 pm
Forum: Investing - Theory, News & General
Topic: Deferring HSA by paying medical Out-of-Pocket: Overblown?
Replies: 42
Views: 3575

Re: Deferring HSA by paying medical Out-of-Pocket: Overblown?

It seems as though it's widely accepted investing advice to defer using your HSA for medical expenses. The advise is to pay medical out of pocket and save the receipts and get reimbursed at a later date. I have a few questions: 1) How much HSA do you need at minimum for retirement? HSA would only b...
by Artsdoctor
Tue Mar 26, 2019 4:32 pm
Forum: Personal Consumer Issues
Topic: International bank transfers
Replies: 4
Views: 322

Re: International bank transfers

I have transferred money in euros to European accounts from our Fidelity brokerage account in the past. I don't remember the fees involved but when I did it, I thought that it was a better deal than going through our Wells Fargo or Bank of America accounts.
by Artsdoctor
Tue Mar 26, 2019 11:12 am
Forum: Personal Consumer Issues
Topic: How to Sell a Wyland Painting on My Bathroom Wall?
Replies: 74
Views: 6273

Re: How to Sell a Wyland Painting on My Bathroom Wall?

Thanks for all of the ideas and suggestions so far, everyone! I hadn't even thought about the complication introduced by the weak points in the drywall where it attaches to the studs and also where it forms a seam with adjoining drywall panels. Sounds like a certified pain in the ass to remove unda...
by Artsdoctor
Fri Mar 22, 2019 8:43 pm
Forum: Personal Investments
Topic: Muni bond fund in taxable account: state (CA) or national
Replies: 24
Views: 1618

Re: Muni bond fund in taxable account: state (CA) or national

Thanks a lot for all your valuable comments. I'll go with the National Muni fund. Beside the broader diversification across all states vs. CA alone it also has a slighly lower E/R (0.17 National Muni vs 0.19 for the CA Muni). So this will off-set a little bit the state-tax, which will be marginal a...
by Artsdoctor
Tue Mar 19, 2019 7:00 pm
Forum: Personal Consumer Issues
Topic: Uber fraud - what to do?
Replies: 28
Views: 3499

Re: Uber fraud - what to do?

This is a glitch in the Uber software. It has been written about before. I don't think it's because the driver forgot to terminate the trip (that's another problem altogether). You can't really call Uber but you can try and notify them via the app. I've generally had good experiences with price corr...
by Artsdoctor
Tue Mar 19, 2019 6:51 pm
Forum: Personal Investments
Topic: What is your U.S./ex-U.S. stock allocation?
Replies: 84
Views: 2794

Re: What is your U.S./ex-U.S. stock allocation?

https://personal.vanguard.com/pdf/ISGGEB.pdf Seriously? Your US / ex-US allocation is a PDF? Why would an investor choose their US:international allocation based on opinions of anonymous posters on a website? Wouldn't you generally want to have some reasoning behind the decision? You're going to fi...
by Artsdoctor
Tue Mar 19, 2019 8:32 am
Forum: Investing - Theory, News & General
Topic: Vanguard is Discontinuing their VanguardAdvantage Accounts
Replies: 586
Views: 44893

Re: Vanguard is Discontinuing their VanguardAdvantage Accounts

Is it even possible to pull from Vanguard? Last time I called, they were confused about the black voodoo magic that is the ACH pull. They told me I could only push to a linked bank account. In general, you can't pull, unless you have the Vanguard Advantage account. But this is going away, and hence...
by Artsdoctor
Mon Mar 18, 2019 5:23 pm
Forum: Investing - Theory, News & General
Topic: Vanguard is Discontinuing their VanguardAdvantage Accounts
Replies: 586
Views: 44893

Re: Vanguard is Discontinuing their VanguardAdvantage Accounts

Once you push it to Fidelity, it's available (there's no hold as there would be if it's pulled from Vanguard by Fidelity). That is probably correct but if you initiate that pull at Fidelity from your linked bank the funds are available to use as soon as the screen refreshes. Same as pulling from yo...
by Artsdoctor
Mon Mar 18, 2019 2:11 pm
Forum: Investing - Theory, News & General
Topic: Vanguard is Discontinuing their VanguardAdvantage Accounts
Replies: 586
Views: 44893

Re: Vanguard is Discontinuing their VanguardAdvantage Accounts

I also question what "noon" is exactly, but I can definitely attest to the fact that if you're pushing money from Vanguard to Fidelity you're going to have it about as fast as if you were transferring money from one Vanguard account to another. Once you push it to Fidelity, it's available (there's n...
by Artsdoctor
Fri Mar 15, 2019 8:03 pm
Forum: Investing - Theory, News & General
Topic: Vanguard is Discontinuing their VanguardAdvantage Accounts
Replies: 586
Views: 44893

Re: Vanguard is Discontinuing their VanguardAdvantage Accounts

... Fidelity Bill Pay: Ours is a joint account at Fidelity with each of us having a unique user name and PW for the same account. If I logon and send a bill pay check it only has my name on it; my wife's name doesn't show. I called Fidelity and after they checked with the outside bill pay vendor, U...
by Artsdoctor
Fri Mar 15, 2019 10:29 am
Forum: Personal Investments
Topic: Wellington Fund (VWENX) vs. LifeStrategy Moderate Growth Fund (VSMGX)
Replies: 11
Views: 1485

Re: Wellington Fund (VWENX) vs. LifeStrategy Moderate Growth Fund (VSMGX)

You can't compare the funds at all. You'll need to decide how much international equity (and fixed income) you want to be exposed to. VSMGX has far more international and more emerging market exposure than VWENX so there's really no point in comparing those funds. I would take a look at what asset a...
by Artsdoctor
Fri Mar 15, 2019 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Property tax hacks in California
Replies: 53
Views: 4879

Re: Property tax hacks in California

Prop 13 extension to children/grandchildren will go, I'd say sooner rather than later. On the other hand, how did you increase your original 400k cost basis to 1.4M ? For 1M you can probably rebuild the house. My example was just an illustration using round numbers. However, I've been surprised at ...
by Artsdoctor
Thu Mar 14, 2019 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Property tax hacks in California
Replies: 53
Views: 4879

Re: Property tax hacks in California

You can find a county that wants new residents and they will keep the taxes on your new place the same as on your old place. Look up Prop 60 and 90 rules. Our neighbors moved and did this. This "its a secret" shtuff smells like a con/sales pitch. Prop 60/90 is good to know about, and I’m keeping it...
by Artsdoctor
Thu Mar 14, 2019 3:27 pm
Forum: Investing - Theory, News & General
Topic: Vanguard is Discontinuing their VanguardAdvantage Accounts
Replies: 586
Views: 44893

Re: Transition from Advantage Checking to Brokerage Checking

One more wrinkle to figure out is the transition from Advantage checking to plain-vanilla brokerage checking. Vanguard had originally announced that setting up the latter required shutting down the former, but one doesn't need an advanced degree in banking to realize that not all checks get cashed ...
by Artsdoctor
Thu Mar 14, 2019 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Property tax hacks in California
Replies: 53
Views: 4879

Re: Property tax hacks in California

We have a million dollar home in CA and we pay about $6k in property taxes. There is no hack. Thank Prop 13 and ridiculous home prices. We bought it at $400k 8 years ago. We pay about 7K a year on our 1.4M house in the Bay Area. Thanks to Prop 13. Eventually it'll catch up for you, too. It may not ...
by Artsdoctor
Mon Mar 11, 2019 7:18 pm
Forum: Personal Investments
Topic: Time to get serious-Retirement within 1 year!
Replies: 8
Views: 1860

Re: Time to get serious-Retirement within 1 year!

I'm not a fan of Roth conversions unless you're really in a low marginal tax bracket. In concept, you're going to compare your marginal tax rate now with yours in the future (something that is not knowable). Given your information, I don't think that's what you want to do. View all of your accounts ...
by Artsdoctor
Mon Mar 11, 2019 6:18 pm
Forum: Personal Investments
Topic: Time to get serious-Retirement within 1 year!
Replies: 8
Views: 1860

Re: Time to get serious-Retirement within 1 year!

You have the money but you have way too many investments. You can easily consolidate the majority of your holdings and if it's done in a tax-advantaged account, there will be no tax ramifications to consolidate.
by Artsdoctor
Mon Mar 11, 2019 9:05 am
Forum: Personal Investments
Topic: Should I go all in with Vanguard or "diversify" with Fidelity?
Replies: 37
Views: 4024

Re: Should I go all in with Vanguard or "diversify" with Fidelity?

With Vanguard phasing out their Advantage program, I've come to the conclusion that diversification across institutions isn't a bad thing. I would have preferred to have everything in one place and I'm NOT concerned about one institution "going down." However, as much as I disliked Vanguard's decisi...