Search found 4223 matches

by Artsdoctor
Fri May 22, 2020 8:08 pm
Forum: Investing - Theory, News & General
Topic: Where to park cash in Fidelity?
Replies: 62
Views: 6040

Re: Where to park cash in Fidelity?

I buy treasury bills at auction on auto roll. Yes, but T bills are not cash. You might THINK they are, and I did, but they are not. I tried to sell T bills as the price reached par a month or so out from maturity and couldn't find a buyer at Fidelity so I couldn't get rid of them. I raised a stink ...
by Artsdoctor
Thu May 21, 2020 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Employer cut 403b contribution to zero
Replies: 85
Views: 5586

Re: Employer cut 403b contribution to zero

I'm sorry to hear about the loss of your employer match to your 403 plan. In speaking to many of my colleagues around the country, I've noticed dramatic and swift changes in compensation to faculty and staff. The changes I've seen have included base salary cuts up to 15%, termination of employer mat...
by Artsdoctor
Sat May 02, 2020 7:01 pm
Forum: Investing - Theory, News & General
Topic: Risk of Muni Bonds
Replies: 56
Views: 5236

Re: Risk of Muni Bonds

There's also an ETF from Vanguard: Vanguard Tax-Exempt Bond ETF (VTEB). The concerns over individual municipalities defaulting is why I kept a national tax-exempt bond fund, even when living in a high tax state. Vanguard has NY and CA tax-exempt funds, but to be exempt from state tax, those funds b...
by Artsdoctor
Sat May 02, 2020 6:46 pm
Forum: Personal Investments
Topic: Playbook for harvesting gains and dividends during retirement
Replies: 7
Views: 435

Re: Playbook for harvesting gains and dividends during retirement

What is the playbook for withdrawals during retirement (bogleheads follow)? Assumptions: 65 yrs old and eligible for Medicaid / Medicare Investments both in taxable and tax deferred account Relying on regular withdrawals from taxable and tax deferred accounts + Social Security for income If you're ...
by Artsdoctor
Wed Apr 29, 2020 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Podcast - Wade Pfau: The 4% Rule Is No Longer Safe
Replies: 162
Views: 10093

Re: Podcast - Wade Pfau: The 4% Rule Is No Longer Safe

I don't think Pfau ever believed the 4% rule was safe did he? He said that the Rule might have worked 90% to 95% of the time when interest rates were in the 5-6% range - that is, historical data. Now he thinks a 4% rule might work 60-70% of the time with current interest rates. He thinks that a “3%...
by Artsdoctor
Wed Apr 29, 2020 11:42 am
Forum: Personal Investments
Topic: TLH - but now have short terms gains!
Replies: 19
Views: 1205

Re: TLH - but now have short terms gains!

Why do people TLH and use the S&P and the total market? There are about ten or so total market funds that are substantially different, am I missing something? You're absolutely correct, of course. There are several alternatives and easy TLH "partners." I think that it's just the sheer size and incr...
by Artsdoctor
Tue Apr 28, 2020 5:23 pm
Forum: Personal Investments
Topic: TLH - but now have short terms gains!
Replies: 19
Views: 1205

Re: TLH - but now have short terms gains!

Thank you all. I’m fine holding either fund forever. The OCD person in me likes to have the fewest funds possible. Plus it screws up my AA Excel document - But that’s not a deal breaker and easily remedied. Perhaps I’ll consolidate if there is another downturn in the near future. DAF is another gre...
by Artsdoctor
Sat Apr 25, 2020 6:37 pm
Forum: Personal Investments
Topic: TLH - but now have short terms gains!
Replies: 19
Views: 1205

Re: TLH - but now have short terms gains!

When you TLH, try to find a fund that you really wouldn't mind holding "forever." During the 2008-2009 bear market, it was not unusual to be TLHing in between two or three funds in order to clock in the losses, and no one could anticipate when the nadir would be. I "got caught" in Vanguard's Large C...
by Artsdoctor
Sun Apr 19, 2020 3:58 pm
Forum: Personal Consumer Issues
Topic: Issues with face masks?
Replies: 92
Views: 5947

Re: Issues with face masks?

If the OP was wearing a surgical mask, her difficulty breathing would not have been caused by airflow and was probably due to anxiety. If she was wearing an N95, she may well have been uncomfortable breathing since they require some getting used to. There's a lot of misunderstandings out there. Fir...
by Artsdoctor
Sun Apr 19, 2020 9:43 am
Forum: Personal Consumer Issues
Topic: Issues with face masks?
Replies: 92
Views: 5947

Re: Issues with face masks?

If the OP was wearing a surgical mask, her difficulty breathing would not have been caused by airflow and was probably due to anxiety. If she was wearing an N95, she may well have been uncomfortable breathing since they require some getting used to. There's a lot of misunderstandings out there. Firs...
by Artsdoctor
Wed Apr 15, 2020 3:33 pm
Forum: Personal Investments
Topic: My friend says his Roth and 401k are higher than before the pandemic started
Replies: 49
Views: 5579

Re: My friend says his Roth and 401k are higher than before the pandemic started

Easy: bonds. I have tax-advantaged accounts to which I've added nothing in years and they're up about 7% or so this year. I don't have any equities in those accounts and they only contain TIPS with a smattering of nominal bonds and CDs. This has nothing to do with market timing or anything, but I pr...
by Artsdoctor
Wed Apr 15, 2020 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Capital Loss Carryover for Tax Filing Error?
Replies: 14
Views: 426

Re: Capital Loss Carryover for Tax Filing?

... but did include on 2017 Tax Return. (didn't use the 3,000 available as it wasn't needed) ... I don't understand. What does this mean? You don't get to choose which years you use the carryover. Good point. I'm under the assumption that the $3,000 loss MUST be carried over on the 1040. I never th...
by Artsdoctor
Wed Apr 15, 2020 10:57 am
Forum: Personal Investments
Topic: Too many munis?
Replies: 18
Views: 891

Re: Too many munis?

Here's an idea: In my IRA, I own the iShares Ultra Short Term Bond ETF. I thought that was safe, but it did take a short-term dive recently. So it's not as safe as I thought. I could switch that out for a VG treasury fund, or one of the Vanguard Bond Index funds, which are heavy on treasuries. Perh...
by Artsdoctor
Wed Apr 15, 2020 10:02 am
Forum: Investing - Theory, News & General
Topic: Why is the market reacting poorly to plunging retail sales and manufacturing today?
Replies: 32
Views: 2395

Re: Why is the market reacting poorly to plunging retail sales and manufacturing today?

I don't understand it - I thought it was all priced in already! Did they really not expect this kind of bad news? The "bad news" isn't yet all out there. The volatility that we've been seeing has a lot of emotional baggage associated with it and there's really no reason I can see anywhere that woul...
by Artsdoctor
Wed Apr 15, 2020 9:59 am
Forum: Personal Investments
Topic: Too many munis?
Replies: 18
Views: 891

Re: Too many munis?

Yes. I'm fortunate to have accumulated a relatively sizable amount of investable assets. This past year, the dividends from my stock funds (in taxable) combined with my freelance income resulted in a relatively high income. Plus I live in NYC, where taxes abound. So there's a discrepancy in your st...
by Artsdoctor
Sat Apr 11, 2020 11:13 am
Forum: Personal Investments
Topic: Follow Bernstein or Bogle
Replies: 99
Views: 7356

Re: Follow Bernstein or Bogle

^ If you're at all interested in setting up a TIPS ladder, our own #Cruncher and also Wade Pfau give extremely detailed and easy-to-follow instructions. However, this is an extremely expensive time to set up an LMP. Interest rates are incredibly low and the price of TIPS is just too high to do it, i...
by Artsdoctor
Thu Apr 09, 2020 5:22 pm
Forum: Personal Investments
Topic: Follow Bernstein or Bogle
Replies: 99
Views: 7356

Re: Follow Bernstein or Bogle

I’d like to go back to Bernstein for a moment. The entire premise of LMP is to match assets to liability. The liability that is being matched is basic costs of living going years into the future. No one I know believes that going forward, costs of living will be nominal. They will fluctuate based u...
by Artsdoctor
Wed Apr 08, 2020 3:25 pm
Forum: Investing - Theory, News & General
Topic: Head Fakes and Dead Cats .. your thoughts on the rally?
Replies: 386
Views: 32132

Re: Head Fakes and Dead Cats .. your thoughts on the rally?

You call it a "market rally." I call it "market volatility." I don't think that a daily gain of 5% is any more calming than a daily decline of 5%. Even in the worst of bear markets, there are days and sometimes weeks of upswings. Extraordinary volatility is a bad indicator in either direction.
by Artsdoctor
Wed Apr 08, 2020 9:17 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1585
Views: 217810

Re: Fidelity as a one stop shop

I wouldn't worry too much about the safety of the muni MM funds, but would not keep money in them that I might want to use for rebalancing into stocks in the event of a large decline accompanied by increased liquidity stress on munis, which could potentially trigger redemption fees and/or liquidity...
by Artsdoctor
Wed Apr 08, 2020 9:08 am
Forum: Personal Investments
Topic: Follow Bernstein or Bogle
Replies: 99
Views: 7356

Re: Follow Bernstein or Bogle

I’m 64 and retired, my husband is a dentist hoping to work another 5 years but his office is closed indefinitely due to the pandemic. We have 95k in cash which is probably 4-6 months of expenses. We have no debt and own our home. We have a 500 k HELOC we can dig into for more cash if needed. We pan...
by Artsdoctor
Tue Apr 07, 2020 9:28 am
Forum: Personal Investments
Topic: TLH of 6-figure loss?
Replies: 68
Views: 5019

Re: TLH of 6-figure loss?

TLH only defers taxes, it does not prevent paying taxes ultimately when you sell in retirement... by TLH your cost basis is lowered resulting in larger cap gains when you sell. There isn't a free lunch as some here are suggesting! Actually, this is not necessarily true. If you do nothing and you ul...
by Artsdoctor
Tue Apr 07, 2020 9:12 am
Forum: Personal Finance (Not Investing)
Topic: How have Donor Advised Funds held up so far?
Replies: 26
Views: 1222

Re: How have Donor Advised Funds held up so far?

We use our donor advised fund as a way to re-balance. We made two very large contributions to our DAF on 11/26/19 and 12/16/19, which totaled 30% of our projected adjusted gross income of 2019. We used shares purchased during the 2008-2009 meltdown when tax-loss harvesting (Vanguard Large Cap stock...
by Artsdoctor
Mon Apr 06, 2020 1:55 pm
Forum: US Chapters
Topic: Bogleheads community discussion - Coronavirus
Replies: 1653
Views: 72322

Re: I have COVID-19. Some thoughts.

The OP may never know where the infection was contracted. We now appreciate that some people transmit the virus while totally asymptomatic and some people transmit the virus when pre-symptomatic (perhaps 1-3 days prior to getting symptoms). We'd like to think that there is some immunity after being ...
by Artsdoctor
Mon Apr 06, 2020 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: How have Donor Advised Funds held up so far?
Replies: 26
Views: 1222

Re: How have Donor Advised Funds held up so far?

We use our donor advised fund as a way to re-balance. We made two very large contributions to our DAF on 11/26/19 and 12/16/19, which totaled 30% of our projected adjusted gross income of 2019. We used shares purchased during the 2008-2009 meltdown when tax-loss harvesting (Vanguard Large Cap stock ...
by Artsdoctor
Mon Feb 24, 2020 8:29 pm
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 3949
Views: 296718

Re: Coronavirus and the market

This is a very sobering thread. There are 7 pages, and much of the information is just inaccurate. Unless you are an infectious disease specialist who has direct ties to a top notch public health expert, I would caution everyone to stay open-minded and question what you think you might know. It is e...
by Artsdoctor
Mon Feb 24, 2020 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1585
Views: 217810

Re: Fidelity as a one stop shop

So, if one has enough assets (I am not sure how much though - can someone clarify?), one does not need the CMA. Everything a CMA does can be done via a brokerage account. Is all of this correct? A brokerage account also has a debit card? Any reason to open two brokerage accounts for fraud purposes ...
by Artsdoctor
Sun Feb 23, 2020 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: using HSA as investment account - do you need to store receipts?
Replies: 6
Views: 732

Re: using HSA as investment account - do you need to store receipts?

I contribute to HSA every year but don't use it for medical expenses for that year. My plan is to just let it grow tax free and tax deferred so I may use it for any major expenses later in my life. Given this intent is there any reason to save receipts of all your medical expenses over the years. I...
by Artsdoctor
Sat Feb 22, 2020 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1585
Views: 217810

Re: Fidelity as a one stop shop

I was disappointed to see that Fidelity Government Money Market Fund (SPAXX) did not qualify for any state tax exemption on the USGO income in CA (and NY and CT) for 2019 (it had for 2018, with 56.92% of income from USGO, so I was assuming it would for 2019 too). State tax exempt income was 48.59%,...
by Artsdoctor
Thu Feb 20, 2020 6:10 pm
Forum: Personal Investments
Topic: Choosing CA municpal bonds, go it alone or Schwab fixed income specialist?
Replies: 14
Views: 1277

Re: Choosing CA municpal bonds, go it alone or Schwab fixed income specialist?

Thank you all for the universal endorsement of funds over individual bonds. When I was younger I had more enthusiasm for researching fundamentals, but at this stage of the game I prefer simplicity as long as I am not sacrificing yield. Schwab offers Vanguard funds for a nominal fee, but perhaps the...
by Artsdoctor
Thu Feb 20, 2020 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: California HSA - How to complete Schedule CA?
Replies: 12
Views: 933

Re: California HSA - How to complete Schedule CA?

Option A is technically correct. Option B will get you to where you want to go as well. Remember that your HSA administrator will not report earnings to any entity (federal or state) so it is on the honor system when it comes to HSAs for CA, AL, and NJ residents. It would only come into play if you ...
by Artsdoctor
Fri Feb 14, 2020 4:22 pm
Forum: Personal Investments
Topic: Delays in Vanguard Charitable?
Replies: 9
Views: 663

Re: Delays in Vanguard Charitable?

I have an approved grant that I submitted in December and scheduled for today. This was the first time I attempted to schedule one in advance rather than disbursing immediately / ASAP. It has had "approved" status for over a month. I wasn't sure whether the date I selected was the date the charity ...
by Artsdoctor
Thu Feb 13, 2020 6:48 pm
Forum: Personal Investments
Topic: Delays in Vanguard Charitable?
Replies: 9
Views: 663

Re: Delays in Vanguard Charitable?

I have never had a delay like this. Even with all of the stipulations and possible research needed for small organizations, this is too long. I would call them ask them.
by Artsdoctor
Sat Feb 08, 2020 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Physician assistant salary?
Replies: 39
Views: 7514

Re: Physician assistant salary?

About 140-150k in CA. This is a generality. The range is all over the place, at least in Southern California. Surgery? Underserved area? Salary tied to pharmacy? Specialty? There are definitely PAs outside of the major metropolitan areas making well over $200K within a few years of graduating. Conv...
by Artsdoctor
Sat Feb 08, 2020 7:55 pm
Forum: Personal Investments
Topic: How often do Vanguard Target Date Funds rebalance?
Replies: 9
Views: 1074

Re: How often do Vanguard Target Date Funds rebalance?

My 401k is all invested in Vanguard Target Date Funds for many years but I couldn't answer my friend when he asked how often do Vanguard Target Date Funds rebalance? Is it monthly? yearly? or does it rebalance when the funds proportions change (growth or loss)? I couldn't find it at Vanguard websit...
by Artsdoctor
Tue Feb 04, 2020 8:17 pm
Forum: Personal Investments
Topic: Inherited IRA questions. How aggressive should I be?
Replies: 37
Views: 1614

Re: Inherited IRA questions. How aggressive should I be?

How you should allocated the Inherited IRA is as much about tax efficiency as your overall aggressiveness and risk tolerance as an investor. Tax efficiency depends on how the rest of your portfolio is constructed. Generally, most folks believe that you want to hold the bond portion of your portfoli...
by Artsdoctor
Tue Feb 04, 2020 8:09 pm
Forum: Personal Investments
Topic: Inherited IRA questions. How aggressive should I be?
Replies: 37
Views: 1614

Re: Inherited IRA questions. How aggressive should I be?

Here is what I did with an inherited IRA at Fidelity: I used the entire amount and bought FQIFX which is the Fidelity Freedom Index fund with a 60/40 asset allocation. There was no need to "manage" this fund and no need to pay Fidelity any extra money for this. The expense ratio is 0.12%. Totally s...
by Artsdoctor
Fri Jan 31, 2020 8:31 pm
Forum: Investing - Theory, News & General
Topic: ESG outperforming - will you add any ESG funds to your portfolio?
Replies: 63
Views: 3839

Re: ESG outperforming - will you add any ESG funds to your portfolio?

Morningstar just interviewed their director of research regarding ESG funds. He covered the history and did a nice job laying out the state of current investments and future goals. If you're at all interested in investing using ESG funds, listening might be helpful: https://www.morningstar.com/podca...
by Artsdoctor
Sun Jan 26, 2020 10:02 am
Forum: Personal Investments
Topic: Asset Allocation within a few years of retirement
Replies: 28
Views: 2237

Re: Asset Allocation within a few years of retirement

Have 3-5 years in cash and short term bonds in case a bad bear comes along and you have time to recover without portfolio withdrawals. Keep your allocation as is. I believe that 4% swr is safe enough if you have disposable income built in. I don’t like the 2-3% swr proponents on here. You're right ...
by Artsdoctor
Sat Jan 25, 2020 6:20 pm
Forum: Investing - Theory, News & General
Topic: SS as a bond and Asset Allocation
Replies: 28
Views: 1307

Re: SS as a bond and Asset Allocation

No. Good luck trying to value it. You'd have to include your sex, age at beginning to draw, health, marital status, spousal benefits, survivor benefits, inflation projections, and other things I don't even want to think about. And then you'd ultimately have to ask yourself what you're going to do w...
by Artsdoctor
Sat Jan 25, 2020 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: HSA receipts
Replies: 64
Views: 3695

Re: HSA receipts

I don't think an EOB would be acceptable as a receipt. The EOB does not prove that you paid for the service or what the provider actually billed you. Also, many providers will offer a discount for large bills that are pre-paid or paid in full within a certain time period. Hence, you would need docu...
by Artsdoctor
Sat Jan 25, 2020 10:04 am
Forum: Investing - Theory, News & General
Topic: SS as a bond and Asset Allocation
Replies: 28
Views: 1307

Re: SS as a bond and Asset Allocation

No. Good luck trying to value it. You'd have to include your sex, age at beginning to draw, health, marital status, spousal benefits, survivor benefits, inflation projections, and other things I don't even want to think about. And then you'd ultimately have to ask yourself what you're going to do wi...
by Artsdoctor
Fri Jan 24, 2020 5:58 pm
Forum: Investing - Theory, News & General
Topic: How Did 2001-2002 and 2007-2008 Influence Your Investing Philosophy? Or Did It?
Replies: 113
Views: 5781

Re: How Did 2001-2002 and 2007-2008 Influence Your Investing Philosophy? Or Did It?

I began investing in the mid-1980's so I experienced Black Monday in 1987, the bear market of 2000-2002, and the financial crisis of 2007-2008. I am very thankful to have experienced those periods and they certainly did influence my investment behavior. First, I learned a lot about my risk tolerance...
by Artsdoctor
Fri Jan 24, 2020 1:56 pm
Forum: Personal Investments
Topic: ROTH Withdrawal -- Did I Screw It Up??
Replies: 6
Views: 547

Re: ROTH Withdrawal -- Did I Screw It Up??

I'm not sure why your tax software is giving you those numbers. You should be able to withdraw your contributions to your Roth IRA at any time. Does the software give you some sort of worksheet that you can enter your contribution, conversion, and earnings amounts?
by Artsdoctor
Fri Jan 24, 2020 1:41 pm
Forum: Personal Investments
Topic: Exchange VWALX for VWIUX - taxable event?
Replies: 4
Views: 280

Re: Exchange VWALX for VWIUX - taxable event?

Gary: When you have a taxable account, it's best to assume that EVERY transaction is a taxable event. Even tax-exempt interest can be "taxable" in the form of Medicare premium surcharges for some people. Of course, there will always be exceptions (converted mutual fund shares to ETF shares, for exam...
by Artsdoctor
Thu Jan 23, 2020 8:24 pm
Forum: Personal Investments
Topic: Doe anyone make money with bonds?
Replies: 39
Views: 5083

Re: Doe anyone make money with bonds?

^ The Vanguard California fund is VCADX which is a state-specific muni fund. The other fund you mentioned is Total Bond Fund which is fully taxable. They're both intermediate-term but carry very different bonds.
by Artsdoctor
Thu Jan 23, 2020 9:23 am
Forum: Personal Investments
Topic: Doe anyone make money with bonds?
Replies: 39
Views: 5083

Re: Doe anyone make money with bonds?

^ SEC yield and distribution yield are different things. It doesn't matter how you want to differentiate yield from gains because money is money. If the bond fund balance is higher by 6.82% at the end of the year, you've made money. If you can offset the capital gains with losses elsewhere, you've e...
by Artsdoctor
Wed Jan 22, 2020 10:33 pm
Forum: US Chapters
Topic: Sad news: LadyGeek's husband has passed
Replies: 352
Views: 26558

Re: Sad news: LadyGeek's husband has passed

LadyGeek, You have always been an essential part of Bogleheads and have been an incredibly strong and vibrant voice of reason here. We are so very sorry for your loss, and I think I can speak for everyone when I say that if there is anything any one of us can do to make this very difficult journey a...
by Artsdoctor
Wed Jan 22, 2020 7:15 pm
Forum: Personal Investments
Topic: Doe anyone make money with bonds?
Replies: 39
Views: 5083

Re: Doe anyone make money with bonds?

Before California taxes - Yes, after - No :D Seriously, they are returning so little and if you have to pay taxes then it's a negative real return. You can hold them in your tax advantaged but then you're using up valuable tax advantaged space that could be better used for fast growing assets like ...
by Artsdoctor
Wed Jan 22, 2020 3:46 pm
Forum: Personal Investments
Topic: Change from Joint to Individual with VG - really frustrated, any idea?
Replies: 2
Views: 331

Re: Change from Joint to Individual with VG - really frustrated, any idea?

Just got off the phone with a VG rep for 55 mins... and it's not done! The agent first asked me to open an individual account, which I did. -- I guess this step was correct? Then he tried to do an exchange (but I told him specifically I want an in-kind transfer, no exchanges!!) by selling and buyin...
by Artsdoctor
Wed Jan 22, 2020 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard tax documents now becoming available
Replies: 32
Views: 3747

Re: Vanguard tax documents now becoming available

Vanguard has been pushing, quite hard, for existing accountholders on the old mutual fund platform to "update" to a brokerage platform. And all new accounts are on the brokerage platform. The 1099-DIV forms will not be available to any accountholder on the brokerage platform until mid-February altho...