Bogleheads.org

Artsdoctor

No. SALT is restricted to $10K on federal forms. However, your property taxes can still be deducted on your state income tax form. (And remember that if you were in the AMT, we were not deducting real estate taxes anyway so you may not notice a big difference this year. Try running some projections ...

Artsdoctor

I don’t know why he hates cat food so much. He also doesn’t like shopping carts in the underpass.

Artsdoctor

Sure. You could live in a territory like American Somoa, a protectorate like Puerto Rico, an independent city like Washington D.C. or be a member of an American Tribe and live on a reservation. You also could be born to two American citizen parents abroad and never repatriate. Yes! And you can stil...

Artsdoctor

Dr. Bernstein is certainly not a proponent of bailing from equities altogether. Like everyone, his philosophy has evolved over time but I know that he is a big proponent of taking care of necessities first. You can call it a Liability Matched Portfolio approach or "safety-first" philosophy but he an...

Artsdoctor

The real risk is not that your portfolio would under-perform in comparison so some index or some asset allocation on the efficient frontier. The real risk is that you would not have enough money in retirement. That's why the most prudent approach is that recommended by Bill Bernstein: - Liability M...

Artsdoctor

Very intriguing thread! I have to admit that before I opened it, I thought "no way" but I was incredibly wrong. So of course you can be a US citizen and not be resident of a state (the easiest category would be someone who is a US citizen and lives abroad). I didn't look into the tax issues but the ...

Artsdoctor

Ron, You're right in questioning what sort of consensus, if any, one can reach on this forum. I don't think there are any rules because there are just fundamental differences in approach. There is probably one thing, above all, that perhaps we can agree on. Whatever one decides to do, there should b...

Artsdoctor

I don't think you can eliminate psychological intolerance but you can acknowledge it and hopefully let it pass. I can't think of anyone who wasn't psychologically spooked in late 2008; the best anyone could have hoped for was white-knuckling it through the whole process. I'm going to guess that the...

Artsdoctor

Any interest bearing debt instrument, I consider a bond. Perhaps. But how about those 10-year "bonds" which had no interest (or even had negative interest)? Those were debts but without any interest whatsoever. https://www.barrons.com/articles/beware-of-global-bonds-in-a-world-without-yield-1466173...

Artsdoctor

Funny, my answer would be EVERYONE. Young investors as any prolonged bear marked in stocks will lead to layoffs. The most overconfident aspect I have seen from even folks on this site is their confidence of not getting fired when the next downturn occurs. Retirees if timing is poor the sequence of ...

Artsdoctor

Think it's time for me to get an account as it would be useful for my trips to NY. Are there major differences that I should be aware of? I assume it's easy to set up/use the apps. The other links above can hash out the differences/preferences. I've used both of many years and in many cities; you c...

Artsdoctor

Great question and the answer is not intuitive. The correct way to calculate this is to figure the RMD from each separate tax-deferred account. Then, you add up those RMDs required for your IRAs, SEP-IRAs, SIMPLEs; you can take that total amount from any of those accounts. Then, you look at the tota...

Artsdoctor

Artking, Remember, you're always going to have a safe haven of some sort to pay your routine bills so hopefully when you're talking about stocks and bonds, you're talking about money you don't need right now. Investments, by definition, refer to future returns, not current returns. If both equities ...

Artsdoctor

There have been articles and books written on this very topic. However, as an individual investor, you could do much worse than just looking on Investopedia:

https://www.investopedia.com/terms/c/ca ... alents.asp

Artsdoctor

Funny, my answer would be EVERYONE. Young investors as any prolonged bear marked in stocks will lead to layoffs. The most overconfident aspect I have seen from even folks on this site is their confidence of not getting fired when the next downturn occurs. Retirees if timing is poor the sequence of ...

Artsdoctor

OP, It is very simple. Those that are not prepared for a bear market worry about the bear market. I have a very simple philosophy in life. If I am worried about something, I would take action to prepare for it. I would not let my worry linger around. It makes my life relatively stress free. KlangFo...

Artsdoctor

Using asset allocation to manage volatility and downside risk is a standard BH tenet. Psychological risk is what most financial writers spend their time on, i.e., the risk that someone's fear or nerves or whatever will cause them to sell equities unnecessarily at a low. Determining your psychologic...

Artsdoctor

Hi, I started to invest using a 3 funds portfolio 1 year ago. Last January I did not do anything when the market dropped. I was not even aware about it... I just maxed out my 401k and continued investing in my taxable account. No TLH or additional investing... If I look at my portfolio today, I thi...

Artsdoctor

When my mother was living in a CCRC, the facility provided a breakdown each year as to what portion of her monthly fee was a medical deduction for tax purposes. I would check with the facility. I doubt that the whole fee is deductible. With advanced care (full nursing home care, for example), it's ...

Artsdoctor

You might want to start here:

https://turbotax.intuit.com/tax-tips/fa ... /L34jePeT9

Artsdoctor

Calculated, You're most likely over-thinking this and your calculations will be inaccurate anyway since rates are rapidly changing. You're almost always going to come out ahead with the CA MM on an after-tax yield although it'll be relatively close and not worth worrying about. Your tax brackets sta...

Artsdoctor

I’ve inadvertently become someone’s investment adviser. A dear friend who’s in her nineties calls me up and asks me if this is a good time to buy stocks. I always tell her that I don’t know where the stock market is heading, and that anyone who claims to know is either lying, stupid, or crazy. She ...

Artsdoctor

Sometimes I buy some mutual fund and then I see that it has distributed its annual or quarterly dividends the next day. It probably would have been better had I bought it the next day for tax purposes. Is there a good strategy for this? How close to the quarterly or annual distribution is too close...

Artsdoctor

I'm in the Kaiser Northern California Region and regional pharmacy policies may differ but... I would speak with your Doctor first. Its simply more expedient than asking the Pharmacist, who then has to relay your request to the provider. Unless your doctor is monitoring your condition closely, with...

Artsdoctor

Holding an emerging market fund alone is somewhat problematic. Where to do you put it? The volatility is greater so the opportunity for tax-loss harvesting would make an argument for a taxable account. Likewise, there's a foreign tax credit, also arguing for the taxable account. However, the tax "ef...

Artsdoctor

I'm not a big fan of target date funds because one person's target allocation may be very different than another's (I can be "retiring" in 2025 and have nothing in common at all with another person retiring in 2025 but yet we're supposed to be investing the same?). I think that the LifeStrategy fund...

Artsdoctor

Mervin, It is true that your brokerage firm can keep track of a lot. Certainly there won't be any problems with dividend reports. I use the specific lot ID cost basis method for figuring out my capital gains and I have a lot of non-covered securities dating back many, many years; consequently, I can...

Artsdoctor

There is definitely something to said for simplicity. I will say that I was intimidated at first and thought it would be a hassle keeping track of HSA numbers. However, if you already have a taxable account, you're already keeping track of dividends and gains; folding the HSAs into just another taxa...

Artsdoctor

I have never held TIPS in our HSA accounts and had been investing very aggressively over many years in mine (spouse's HSA started a few years after mine and was slightly less aggressively invested). Like you, I have used the HSA accounts as investment accounts and did not reimburse ourselves for man...

Artsdoctor

Your net worth is all of your assets less your liabilities. Since a home is an asset, it belongs on the balance sheet. +1 The value of your home is an asset. But the remaining mortgage (principal still to be paid off) is a liability. Calculating your net worth is one way to see if you are making pr...

Artsdoctor

since net worth is a meaningless figure, why does it matter? This is a question that has been raised many, many times. Many of us would like to think that we'll stay in our homes for the rest of our lives, but this often is not the case. Knowing how much home equity you have can help make some deci...

Artsdoctor

I was also specifically looking for this tonight. Thank you for sharing as nothing was noted on the news tab of the fund. Once every quarter, Vanguard will create a list of each fund declaring a distribution. The list will have specific dates when the record date will occur. Abuss, the declaration ...

Artsdoctor

I have been able to deposit money directly into prime MM from my bank account without the money going into Fedreal MM. I think you just designate the destination and the source. It was a single step transaction. Definitely. You can "buy" into any fund from your banking account (you just have to con...

Artsdoctor

Note that if the RMD plus additional amounts are all used to subsidize increased pre tax contributions to 401k or similar owned accounts, there is no current tax impact because the inherited IRA distribution will be offset by the lower Box 1 W-2 amount. Essentially the money has moved into your own...

Artsdoctor

You should always be prepared for a recession. And you should always be prepared for stock market crash (they are not really the same thing.) I believe that the equity risk premium only exists because there really is a risk. If there were a simple way to avoid the risk, everyone would use it, there...

Artsdoctor

I have been able to deposit money directly into prime MM from my bank account without the money going into Fedreal MM. I think you just designate the destination and the source. It was a single step transaction. Definitely. You can "buy" into any fund from your banking account (you just have to con...

Artsdoctor

From what I understand, if you setup "Vanguard Advantage" in your account (flagship only offering), you can designate the PMM to be a checking-like account. Meaning you can direct deposit to it and write checks against it. Is that correct? No. Vanguard Advantage account will only only the Federal M...

Artsdoctor

There's really no surprise in all of this. What the insurance company think you're paying towards your deductible and what you actually pay can be quite a difference. However, you can't really budget for that because it's not predictable. For example, you may have a coupon this year but not the next...

Artsdoctor

There are multiple reasons. You can find plenty of descriptions on this throughout the internet financial pages. You can start with today's news and work backwards, depending on your baseline knowledge: https://www.nytimes.com/2018/09/26/us/politics/federal-reserve-raises-interest-rates.html?action=...

Artsdoctor

It sounds as if you have plenty of cash and easy access to money. Try as I might, and I feel like I'm taking one of the standardized tests here, I can't find, and definitely can't calculate, the interest rate you're paying on the HELOC. You say you're paying $4,000 on a $20,000 balance over two year...

Artsdoctor

Something I've never understood about using CAPE as a timing strategy to increase or decrease equity allocation. It's well accepted knowledge that CAPE does not correlate well with short term equity returns (5 years or less) but does correlate with long term equity returns (10 years or longer). tha...

Artsdoctor

I don't think there's one right answer here. A couple of things to consider, although you can make an argument in either direction. I am a big proponent of decent cash flow and being able to pull from a variety of sources for emergency cash, so there's that. If you have a very specific purpose for s...

Artsdoctor

What about a HELOC taken out on Property #1, but spent on Property #2? (As a down payment and property improvements) From the IRS website: "The Tax Cuts and Jobs Act of 2017, enacted Dec. 22, suspends from 2018 until 2026 the deduction for interest paid on home equity loans and lines of credit, unl...

Artsdoctor

Sergio, Clearly, your description echoes the national sentiment. One thing you can take a little solace in: your premiums are run through your corporation (correct?). Consequently, at least you're paying premiums with pre-tax dollars. I realize that that is little solace but I can tell you that many...

Artsdoctor

If you ever have any doubt which fund is accruing interest daily, there is a tab at the top right corner of the Account Page which allows to check the Balance by Date. When you click on that, you'll actually how much interest you've accumulated for the bond (or money market) fund.

Artsdoctor

Any idea why a lot of Schwab mutual funds and ETFs only pay once a year? Any advantage or disadvantage over quarterly distributions? I personally prefer the 1/4 for better averaging over time. Just curious as to why they set it up this way. At the risk of sounding as if I've been around a very long...

Artsdoctor

^ Squawk, Two things to consider. First, if you're thinking about TLH'ing an equity fund AND you're going to need to money in a couple of years, consider taking the money from elsewhere, such as a short-term bond fund or cash; putting aside money you'll in the near term in equities entails a bit of ...

Artsdoctor

I harvested from VWIUX (V. Int. Muni) to VMLUX (V. Limited T. Muni) on Sep. 14th...today is Sep 22d. VMLUX has a loss big enough to harvest. The price difference between those dates is .02. (2 cents). You must have a very large position to make that harvest worthwhile. I admit that I dislike TLH be...

Artsdoctor

Most of my MM money is in prime. I do have 30% of my EFund in Federal MM (settlement fund), but that is mainly for easy of buying tbills in my efund when I want to. Federal does have the added benefit of being free from liquidity gates or haircuts in periods of stress. Perfect synopsis. It's really...

Artsdoctor

^ I have nothing to add Huey's explanation since it's perfect. Logistically, you may not wind up getting the price listed in the WSJ because Vanguard tends to sell in relatively large blocks in order to get the best price (you might get a great price when you buy 50 bonds but a different [less attra...

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