Search found 4083 matches

by Artsdoctor
Tue Nov 12, 2019 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: Homebuying in Los Angeles - Advice Needed
Replies: 54
Views: 3630

Re: Homebuying in Los Angeles - Advice Needed

Poppy, With your income and your long-term plans, you'll be fine buying and I'd encourage it. Since you've been living here for a while, you probably understand the traffic situation. I happen to enjoy driving in LA but we live about 2 miles from work so any driving is for non-work travel. If it's a...
by Artsdoctor
Tue Nov 12, 2019 8:31 pm
Forum: Personal Investments
Topic: Taxable account
Replies: 7
Views: 873

Re: Taxable account

Hi, All New to this site. Currently in my taxable account I hold VGHCX, VLXVX, VYM, VNQ. Does anyone think these are decent investments? ( I do VTSAX in my back door roth, my 401k Through my job is an S/P 500 index, and have an old 403b that is invested in 50% international vanguard fund) Side note...
by Artsdoctor
Tue Nov 12, 2019 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: HSA catch-up contribution to 2 separate accounts
Replies: 7
Views: 353

Re: HSA catch-up contribution to 2 separate accounts

What if you are not doing this correctly and you are instead placing the total catch-up into one account...? This does not feel like that big of a risk to me, and if anything maybe it’s even making the IRS’s life a little easier. Thank you. I'm not sure I understand your question correctly but perh...
by Artsdoctor
Sun Nov 10, 2019 8:01 pm
Forum: Personal Investments
Topic: Asset allocation significance
Replies: 16
Views: 1557

Re: Asset allocation significance

Thanks, I do plan to use McClung's method in the future. It's interesting, I almost typed, "when I retire" meaning at 70. I think I just need to recognize that for now I see myself preparing to enter a "pre-retirement" phase where I'm living out of a different bucket. Maybe after a year or two I'll...
by Artsdoctor
Sun Nov 10, 2019 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: What happens if a QCD check is not cashed before January 1?
Replies: 14
Views: 782

Re: What happens if a QCD check is not cashed before January 1?

The general consensus seems to be that the same rules for charitable contributions would apply to a QCD (meaning, if I write a check to the charity and can prove that it was sent on December 31, that's sufficient). Actually, that's not the case. The QCD rules require action by the custodian, not ju...
by Artsdoctor
Sun Nov 10, 2019 1:14 pm
Forum: Personal Investments
Topic: Muni guidance for $15m portfolio
Replies: 11
Views: 2784

Re: Muni guidance for $15m portfolio

Two points. One, trying to figure out what interest rates will do is a fool's errand. Two, you're so young that you can absorb some of the shocks inherent to funds with longer (not really long) duration. You can easily use the California fund and the national fund, with maturities up to you. If inte...
by Artsdoctor
Sun Nov 10, 2019 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: What happens if a QCD check is not cashed before January 1?
Replies: 14
Views: 782

Re: What happens if a QCD check is not cashed before January 1?

You might be able to dig deeply into the IRS communications postings, but it's my understanding that this has not been tested. The general consensus seems to be that the same rules for charitable contributions would apply to a QCD (meaning, if I write a check to the charity and can prove that it was...
by Artsdoctor
Sun Nov 10, 2019 11:54 am
Forum: Personal Investments
Topic: Asset allocation significance
Replies: 16
Views: 1557

Re: Asset allocation significance

I'm a fairly new widow trying to get a handle on the change that my new situation has brought me. Our original plan, as 2 self-employed people with one (me) not wanting to take Social Security until 70, was to work until 70 or close to it, and at the time it looked like we needed to. At that time, ...
by Artsdoctor
Sat Nov 09, 2019 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Do I Understand Safe Harbor rules correctly?
Replies: 27
Views: 2473

Re: Do I Understand Safe Harbor rules correctly?

For high earners you must have 110% of the total tax bill you owed last year withheld from your pay checks. ..... The exception is if you make 4 equal estimated payments on time. For 2019, TurboTax says "If your prior year's Adjusted Gross Income was greater than $150,000, then you must pay [by wit...
by Artsdoctor
Sat Nov 09, 2019 9:20 am
Forum: Investing - Theory, News & General
Topic: Eric Balchunas, Senior ETF Analyst at Bloomberg is my guest on this "Bogleheads on Investing" podcast.
Replies: 14
Views: 1186

Re: Eric Balchunas, Senior ETF Analyst at Bloomberg is my guest on this "Bogleheads on Investing" podcast.

It's a great interview. Extremely thorough. There is another thread here which recently discussed Vanguard's perceived preference for ETFs when designing a model portfolio for clients. I was a bit surprised at this because Vanguard has publicly been very neutral and even has a "pro/con" page outlini...
by Artsdoctor
Fri Nov 08, 2019 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: Health Insurance: Public-exchange ACA plans on HealthCare.gov - Do they have advantages over private plans?
Replies: 7
Views: 665

Re: Health Insurance: Public-exchange ACA plans on HealthCare.gov - Do they have advantages over private plans?

We are self-employed and shopping for a health insurance plan for 2020. We have been considering the public exchange ACA plans on HealthCare.gov. I just looked at some of the plans and although the plans are all HMO, the coverage still seems pretty decent. For example, with the Blue Cross Blue Shie...
by Artsdoctor
Fri Nov 08, 2019 7:11 pm
Forum: Personal Investments
Topic: How much is too much in an HSA?
Replies: 51
Views: 4218

Re: How much is too much in an HSA?

From what I read I think we can. But I am not certain. Yes, you can. Pub. 969 (linked previously), for an IRS publication, is quite readable. In there one finds "You can receive tax-free distributions from your HSA to pay or be reimbursed for qualified medical expenses you incur after you establish...
by Artsdoctor
Fri Nov 08, 2019 3:08 pm
Forum: Personal Investments
Topic: How much is too much in an HSA?
Replies: 51
Views: 4218

Re: How much is too much in an HSA?

Since a recent study showed that an average married couple can spend up to $250k on healthcare in retirement, I'd say just keep socking it away. Fidelity's latest estimate is that an average 65 year old couple will spend $285K (2019 dollar$) in medical expenses, not including over the counter, visi...
by Artsdoctor
Fri Nov 08, 2019 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Best month to take RMDs?
Replies: 86
Views: 4543

Re: Best month to take RMDs?

No. IRS rule is that you must satisfy your RMD before converting to a Roth in a given calendar year. You can distribute your RMD into a taxable account in January, then do a Roth conversion, and take monthly withdrawals from the taxable account. Can you refer me to the exact IRS rule on that, for m...
by Artsdoctor
Fri Nov 08, 2019 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Best month to take RMDs?
Replies: 86
Views: 4543

Re: Best month to take RMDs?

I would take them early in the year so I could have the rest of the year to do Roth conversions. (The RMD must be removed before doing conversions each year.) Im not so sure about that...I did that once...did a conversion prior to taking my rmd and my financial advisor said I was OK with that as lo...
by Artsdoctor
Thu Nov 07, 2019 9:04 pm
Forum: Personal Investments
Topic: taxation when rebalancing??
Replies: 14
Views: 919

Re: taxation when rebalancing??

As my username implies, I am an investing simpleton, but please answer me this: Once I have my desired asset allocation that I intend to rebalance once annually, won't I get a tax hit when I sell stock or bond to achieve my desired allocation? If yes, is the standard wisdom that any such tax hit is...
by Artsdoctor
Thu Nov 07, 2019 8:11 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting - Is it worth it?
Replies: 93
Views: 14226

Re: Tax Loss Harvesting - Is it worth it?

I have not done any tax lost harvesting in a long time. Just buying and staying the course. I recall an interview where Mr. Bogle did not seem to recommend it. But again, everyone should take a look at their own situation. I would never expect a Pennsylvanian, like Mr. Bogle, to give me tax advice ...
by Artsdoctor
Thu Nov 07, 2019 8:04 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting - Is it worth it?
Replies: 93
Views: 14226

Re: Tax Loss Harvesting - Is it worth it?

Tax loss harvesting is simply a means of turning lemons into lemonade. The preferred outcome is to never have capital losses, either real or theoretical, but that is not realistic. At its core TLH is simply a means of delaying paying capital gains taxes on an investment. If you have a paper loss in...
by Artsdoctor
Thu Nov 07, 2019 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Best month to take RMDs?
Replies: 86
Views: 4543

Re: Best month to take RMDs?

Once you reach the YEAR that you turn 70-1/2, the first money out of the account counts as an RMD. You can't first convert to a Roth and then take your RMD later that year. Well, at least one person agrees with me. :sharebeer Not only do I agree with you, but Ed Slott does as well. :sharebeer https...
by Artsdoctor
Thu Nov 07, 2019 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Best month to take RMDs?
Replies: 86
Views: 4543

Re: Best month to take RMDs?

I don't think anyone can say definitively which month is best to take an RMD because there are pros and cons to any decision. In a vacuum, you'd think that you'd want the money grow tax-free as long as possible so taking a December RMD is the best option. Additionally, there's an incredibly nice fea...
by Artsdoctor
Thu Nov 07, 2019 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: Best month to take RMDs?
Replies: 86
Views: 4543

Re: Best month to take RMDs?

Can you refer me to the exact IRS rule on that, for my education? I looked briefly at the IRS website, form 8606 and found nothing that talks about timing. From IRS Pub 590-B: Required minimum distribution. The amount that must be distributed each year is referred to as the required minimum distrib...
by Artsdoctor
Thu Nov 07, 2019 6:03 pm
Forum: Personal Investments
Topic: How much is too much in an HSA?
Replies: 51
Views: 4218

Re: How much is too much in an HSA?

As others have said, worst case you end up using the HSA like a traditional IRA, I see no down side saving as much as possible (with the caveat that you actually invest your HSA funds, as opposed to just letting it sit in cash). Actually, I think the "worst case" is when neither you or your spouse ...
by Artsdoctor
Thu Nov 07, 2019 5:01 pm
Forum: Personal Investments
Topic: How much is too much in an HSA?
Replies: 51
Views: 4218

Re: How much is too much in an HSA?

CnC, In absolute terms, I don't think you can save too much in your HSA. It's pretax savings, your gains are tax-free, and you pull it out tax-free for medical (and dental) expenses. However, you have to be aware of potential opportunity costs. If you're saving plenty in all of the other investment ...
by Artsdoctor
Tue Nov 05, 2019 8:43 pm
Forum: Personal Investments
Topic: Muni bonds vs treasury bonds- Am I looking at this correctly?
Replies: 11
Views: 1061

Re: Muni bonds vs treasury bonds- Am I looking at this correctly?

OP, I went through similar situation. I did read many posts from Grabiner and other experts but couldn't decide for many days. I finally ended-up with Vanguard Tax-Exempt Bond ETF 30 days SEC is 1.71. https://investor.vanguard.com/etf/profile/VTEB I gave weight to simplicity i.e. single fund vs two...
by Artsdoctor
Tue Nov 05, 2019 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: Health Insurance Options For FIRE Newly Diagnosed with Cancer
Replies: 22
Views: 2461

Re: Health Insurance Options For FIRE Newly Diagnosed with Cancer

All of your questions are right on target so here are some clarifications and suggestions. First, health care insurance is local. If you're looking at individual plans, this will all depend on your state: how many plans do you have to choose from? What's the website offer in terms of comparison? In ...
by Artsdoctor
Tue Nov 05, 2019 7:40 pm
Forum: Personal Investments
Topic: Vanguard suggesting I move to ETF's
Replies: 40
Views: 3636

Re: Vanguard suggesting I move to ETF's

^ Maybe. I hope they're not talking out both sides of their mouths. Publicly, they seem to be educating people on the pros and cons of both. On their webcasts and podcasts, they're publicly remaining neutral. https://investor.vanguard.com/etf/etf-vs-mutual-fund I don't see logistically how mutual fu...
by Artsdoctor
Tue Nov 05, 2019 5:48 pm
Forum: Personal Investments
Topic: Vanguard suggesting I move to ETF's
Replies: 40
Views: 3636

Re: Vanguard suggesting I move to ETF's

I'm surprised that Vanguard is actually recommending ETFs over mutual funds. I would have guessed that they would have been neutral. I don't a reason to prefer one over the other. They're different and they'll probably provide similar returns. The tax treatment wouldn't really be different. The pros...
by Artsdoctor
Tue Nov 05, 2019 9:41 am
Forum: Personal Investments
Topic: Roth Conversion of an individual TIPS bond
Replies: 9
Views: 423

Re: Roth Conversion of an individual TIPS bond

The price on your 2041 will ultimately fall to 100 (currently 132.20) when it matures. However, unless we enter a prolonged period of deflation, the accrued principal will continue to increase. If you project out an inflation rate of only 1.5% each year, the principal will increase above the current...
by Artsdoctor
Mon Nov 04, 2019 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Health Insurance Company Reviews
Replies: 15
Views: 1231

Re: Health Insurance Company Reviews

It's possible that the smaller plans will be to provide something that you can use, but I would definitely consider them higher risk. It's not that unusual for smaller plans to have extraordinarily limited physicians and hospitals in the plan, and they don't have the resources to shoulder the vagari...
by Artsdoctor
Mon Nov 04, 2019 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Increased income = Increased worry need direction
Replies: 4
Views: 756

Re: Increased income = Increased worry need direction

To the OP: Good job. I'm not so sure you need much help since it appears you're doing quite well. You can easily spend some time on the Wiki at Bogleheads and you'll find more than information that should help you. When you mention "tax advisor," I assume you're talking about an accountant. You can ...
by Artsdoctor
Mon Nov 04, 2019 5:53 pm
Forum: Personal Investments
Topic: Muni bonds vs treasury bonds- Am I looking at this correctly?
Replies: 11
Views: 1061

Re: Muni bonds vs treasury bonds- Am I looking at this correctly?

In order to compare your total return, using the SEC yield is a reasonable starting point. I'd argue that you want to also look at the distribution yield as well since that will also give you a reasonable idea of taxes which you'll pay. There are plenty of threads on SEC yield versus distribution yi...
by Artsdoctor
Mon Nov 04, 2019 5:16 pm
Forum: Personal Investments
Topic: Muni bonds vs treasury bonds- Am I looking at this correctly?
Replies: 11
Views: 1061

Re: Muni bonds vs treasury bonds- Am I looking at this correctly?

With your marginal tax rates, municipal bond funds would be very attractive. In answer to your question, a 10-year muni historically will pay about 80% of a 10-year treasury. However, that ratio has changed (and will continue to change periodically) so that you are now getting closer to similar yiel...
by Artsdoctor
Sat Nov 02, 2019 5:12 pm
Forum: Personal Investments
Topic: Principal fees ridiculous!
Replies: 32
Views: 3140

Re: Principal fees ridiculous!

My daughter who is a newly minted registered nurse started her first job. The 403B provider is Principal. They charge a crazy .76 to administer the 403B and the default investment option for her is a target date fund that charges an unbelievable 1.0% management fee! The only non-principal funds ava...
by Artsdoctor
Fri Nov 01, 2019 4:09 pm
Forum: Personal Investments
Topic: Question on capital gains on selling a mutual fund
Replies: 9
Views: 921

Re: Question on capital gains on selling a mutual fund

You might want to review your cost basis data. There are several ways to calculate cost basis, but if you want to use Specific Lot ID, make sure that that is the one chosen for your Fidelity fund. I no longer have equity funds in a taxable account at Fidelity, but up until last year (when I sold my ...
by Artsdoctor
Fri Nov 01, 2019 3:56 pm
Forum: Personal Investments
Topic: Alternative to Muni Bond Fund (VMATX) due to MAGI Impact?
Replies: 7
Views: 536

Re: Alternative to Muni Bond Fund (VMATX) due to MAGI Impact?

You starting answering your own question towards the end of your post. It is true that tax-exempt income gets added to your AGI for calculating Medicare premiums. I would argue that it's not about eliminating the impact of income but of reducing the impact, so it's about tempering your expectations....
by Artsdoctor
Thu Oct 31, 2019 6:30 pm
Forum: Investing - Theory, News & General
Topic: Re-Invested Capital Gain Distributions - Tax Implications
Replies: 19
Views: 1210

Re: Re-Invested Capital Gain Distributions - Tax Implications

ArtsCDoctor: I'll ask about the balance in the account that yielded the $42K in capital gains. I'm quite certain it was less than $500K. Why should he/we be furious in this scenario? So this is where finance and psychology will come together. Whatever you do, don't forget that he has probably taken...
by Artsdoctor
Thu Oct 31, 2019 6:09 pm
Forum: Investing - Theory, News & General
Topic: Climate change and the muni bond market
Replies: 11
Views: 1071

Re: Climate change and the muni bond market

I do think that it's a reasonable factor in putting together a portfolio. The traditional thinking has to invest in the municipalities with high credit ratings and essential services for revenue bonds. As a Californian, I have come to the realization that essential services would generally include e...
by Artsdoctor
Wed Oct 30, 2019 5:03 pm
Forum: Investing - Theory, News & General
Topic: Re-Invested Capital Gain Distributions - Tax Implications
Replies: 19
Views: 1210

Re: Re-Invested Capital Gain Distributions - Tax Implications

I reviewed my father-in-law's 2018 tax return. He's 84 years old, still practicing law, and quite competent in personal finance. One of the items I discussed with him is the significant number ($42K) shown for his IRS reported capital gains -- Schedule 1, line 13. He said all these gains are re-inv...
by Artsdoctor
Wed Oct 30, 2019 4:58 pm
Forum: Personal Investments
Topic: Taditional 401K Vs Roth 401K for a resident physician?
Replies: 20
Views: 1209

Re: Taditional 401K Vs Roth 401K for a resident physician?

I would put as much as possible in a Roth 401k during residency. Fellowship, too, if that is in the future. After that, she will almost certainly do better by using tax-deferred accounts and she will probably not be contributing to a Roth for many decades once she's an attending.
by Artsdoctor
Mon Oct 28, 2019 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Charitable DAF - some churches currently disqualified
Replies: 3
Views: 581

Re: Fidelity Charitable DAF - some churches currently disqualified

I ran into a problem contributing to an Episcopal church. Apparently the individual parish was not qualified as a 501(c)(3) charity but the diocese was qualified. The parish is over one hundred years old. Vanguard worded the donee so that the diocese was designated as the beneficiary but the indivi...
by Artsdoctor
Mon Oct 28, 2019 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: AMEX Platinum Card - Review?
Replies: 47
Views: 2807

Re: AMEX Platinum Card - Review?

Of course, without the fee go for AMEX Platinum. On an apples to apples basis AMEX Platinum is inferior to Sapphire Reserve (we currently have both, but that is redundant and we will probably ditch AMEX when it would come time to renew); but without the annual fee AMEX turns into a huge bargain and...
by Artsdoctor
Mon Oct 28, 2019 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: AMEX Platinum Card - Review?
Replies: 47
Views: 2807

Re: AMEX Platinum Card - Review?

The problem with the Amex platinum is the credits are difficult to use so paying the annual fee is not as worth it as in the past. With the annual fee waved it is a no brainer. Everyone will need to do the calculations based on their expense patterns. The Uber credits are awarded monthly and if you...
by Artsdoctor
Mon Oct 28, 2019 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: AMEX Platinum Card - Review?
Replies: 47
Views: 2807

Re: AMEX Platinum Card - Review?

Thanks for starting the thread. Timely as I was thinking about getting the Amex Platinum. Any opinions from folks who have the Amex Platinum and Chase Sapphire Reserve? Any advantages to getting the Amex Platinum if you already have the CSR card? (I don't get the annual fee exemption OP has). As fa...
by Artsdoctor
Mon Oct 28, 2019 5:23 pm
Forum: Personal Investments
Topic: Allan Roth and Bill Bernstein fixed income portfolio?
Replies: 51
Views: 5948

Re: Allan Roth and Bill Bernstein fixed income portfolio?

Quote from Allan Roth in a NYT article (2014) he links to on his site: "Allan S. Roth, founder of the investment advisory firm Wealth Logic, in Colorado Springs, whose corporate motto is “Dare to be dull,” avoids bonds altogether for his personal portfolio and those of many of his clients. He prefe...
by Artsdoctor
Mon Oct 28, 2019 4:29 pm
Forum: Investing - Theory, News & General
Topic: Total International vs separate funds
Replies: 24
Views: 1727

Re: Total International vs separate funds

^ Agreed. Emerging markets tend to be the most volatile so TLH opportunities are more readily available than most other asset classes. But the major factor was that I just tired of it so I folded everything into Total International.
by Artsdoctor
Sun Oct 27, 2019 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: I no longer plan on retiring early
Replies: 110
Views: 15100

Re: I no longer plan on retiring early

Hello Bogleheads, I wanna share this « milestone ». I have pursued early retirement for the past 6-7 years and If things go smoothly, I should hit my number in 3-4 years, and retire prior to hitting 50. That was the plan. According to our IPS, number to retire was 2M, spouse wants to keep working f...
by Artsdoctor
Sun Oct 27, 2019 2:28 pm
Forum: Investing - Theory, News & General
Topic: Total International vs separate funds
Replies: 24
Views: 1727

Re: Total International vs separate funds

Holding separate funds does not require re-balancing if you are holding at market weight, because if you start at market weight, any changes to your holdings are still going to be the new market weight. So there is no re-balancing benefit. The only benefit I can think of is tax loss harvesting--by ...
by Artsdoctor
Thu Oct 24, 2019 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Is principal portion of mortgage counted for savings rate purposes?
Replies: 126
Views: 6664

Re: Is principal portion of mortgage counted for savings rate purposes?

^ I find it hard to believe that anyone would seriously argue that house equity is not part of net worth. If you're aiming to put aside 30% of your pre-tax earnings into your retirement savings, I'm not sure what benefit it is to count portions of mortgage payments in your plans. It seems like menta...
by Artsdoctor
Thu Oct 24, 2019 5:18 pm
Forum: Personal Investments
Topic: Top tax bracket for life, taking RMDs, stop making 401k contributions?
Replies: 22
Views: 1871

Re: Top tax bracket for life, taking RMDs, stop making 401k contributions?

The reason why your parents have "absurdly high" RMDs is because they've been able to sock away absurdly high amounts into their tax-deferred account(s). The limits for solo 401k's are very high (currently $56,000 and more for a spouse, per year). The government's going to want some of that tax defe...
by Artsdoctor
Thu Oct 24, 2019 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Is principal portion of mortgage counted for savings rate purposes?
Replies: 126
Views: 6664

Re: Is principal portion of mortgage counted for savings rate purposes?

Yes, in many formulas it is. If you consider everything not spent is saved then it is. It is not consumed and the asset could be sold, like any other asset to get the money back. This is why house principle is included in net worth calculations. No one would argue that any equity you have in your h...