Search found 2934 matches

by Artsdoctor
Fri Nov 17, 2017 5:31 pm
Forum: Investing - Help with Personal Investments
Topic: Is it a bad idea to invest several times a month?
Replies: 13
Views: 1092

Re: Is it a bad idea to invest several times a month?

I'm starting to get in the habit of investing any additional money I get/save throughout the month (e.g. refund check, etc) with Fidelity. These amounts are sometimes as small as a few dollars. In terms of context, I already max out my tax advantaged accounts and have sufficient emergency fund so t...
by Artsdoctor
Fri Nov 17, 2017 5:25 pm
Forum: Investing - Help with Personal Investments
Topic: Spending Taxable to Zero during Retirement
Replies: 21
Views: 1651

Re: Spending Taxable to Zero during Retirement

Thank you for your replies thus far. Somehow I seemed to have left the impression that I am spending down my taxable account in isolation from my tax advantage accounts. As I stated in my original post I am using withdawals from my taxable for both expenses and income tax on partial Roth conversion...
by Artsdoctor
Thu Nov 16, 2017 1:44 pm
Forum: Investing - Help with Personal Investments
Topic: reached 54K IRS limit, now will miss employer match, what to do
Replies: 19
Views: 996

Re: reached 54K IRS limit, now will miss employer match, what to do

This will help people understand the $54,000 limit ($55,000 limit for 2018):

http://www.bankrate.com/finance/taxes/r ... imits.aspx

White Maxima, we've all made mistakes so just learn from this and move on.
by Artsdoctor
Thu Nov 16, 2017 1:37 pm
Forum: Investing - Help with Personal Investments
Topic: Bond fund in a ROTH
Replies: 19
Views: 1358

Re: Bond fund in a ROTH

Are there situations when it makes sense to hold a bond fund in a ROTH IRA? Appreciate any thoughts. jte Sure. You can always think of situations where this might be totally reasonable. The theory is that you'd like to grow your Roth as much as possible and tap it last. This would generally mean th...
by Artsdoctor
Wed Nov 15, 2017 7:45 pm
Forum: Investing - Help with Personal Investments
Topic: sell fidelity index mutual fund and replace with etf index for tax benefit?
Replies: 11
Views: 864

Re: sell fidelity index mutual fund and replace with etf index for tax benefit?

I am not seeing vast difference between corresponding funds FSTVX vs VTSAX Fidelity® Total Market Index Fund - Premium Class vs Vanguard Total Stock Market Index Fund Admiral I see about $1.50 vs $1.20 and both have comparable NAV. Am I wrong in my guesstimate? No, you're correct. There is very lit...
by Artsdoctor
Wed Nov 15, 2017 6:20 pm
Forum: Investing - Help with Personal Investments
Topic: Capital Gains in IRA [are they taxable?]
Replies: 8
Views: 616

Re: Capital Gains in IRA [are they taxable?]

Hi All, New member here. Here's my questions: I recently rolled over an Edward Jones IRA to Vanguard. All of my IRA funds are still in Franklin Funds, which was what they were in in the Edward Jones fund. I want to exchange them for Vanguard funds, but Vanguard is telling me I must sell the Frankli...
by Artsdoctor
Wed Nov 15, 2017 2:37 pm
Forum: Investing - Help with Personal Investments
Topic: sell fidelity index mutual fund and replace with etf index for tax benefit?
Replies: 11
Views: 864

Re: sell fidelity index mutual fund and replace with etf index for tax benefit?

I am purposely sparing all details as I think I have a simple and more focused question for which they are not necessary. I know my question has been loosely answered here before in other posts, and also touched on in the wiki,.... I just want to make sure there is nothing I am missing (read: hand-...
by Artsdoctor
Wed Nov 15, 2017 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: POAs may not be that powerful
Replies: 80
Views: 3941

Re: POAs may not be that powerful

It use to be easier, but now adding Vanguard full agent authorization requires you, two witnesses that are not the agent, and a notary. Four people together at the notary's desk, including the notary. It's the most elaborate requirement for notarizing a form that I have ever encountered. My bank (W...
by Artsdoctor
Wed Nov 15, 2017 12:29 pm
Forum: Investing - Theory, News & General
Topic: Do you subscribe to taking risk only on the equity side
Replies: 40
Views: 2169

Re: Do you subscribe to taking risk only on the equity side

This is open for debate. Bogle himself has recommended using corporate bonds for a portion of your fixed income portfolio. And certainly the Total Bond Fund holds a lot more than just treasuries. In the past, I've definitely used a significant amount of corporate bonds on the fixed income side. I do...
by Artsdoctor
Tue Nov 14, 2017 4:14 pm
Forum: Investing - Theory, News & General
Topic: GE and the myth of "safe blue-chip stocks"
Replies: 73
Views: 6999

Re: GE and the myth of "safe blue-chip stocks"

...The price of GE is the lowest since the depths of the financial crisis of 2009. To her, this is a golden opportunity... I wonder if there are any shares of Enron still extent? Just think how low the prices of Enron is. Perhaps there are some Enron employees that still have printed stock certific...
by Artsdoctor
Tue Nov 14, 2017 2:33 pm
Forum: Investing - Theory, News & General
Topic: GE and the myth of "safe blue-chip stocks"
Replies: 73
Views: 6999

Re: GE and the myth of "safe blue-chip stocks"

While posting a Wikipedia page is something I would generally not do, it can sometimes to helpful to take a walk down memory lane:

https://en.wikipedia.org/wiki/Historica ... 14.2C_1929

Nothing is forever.
by Artsdoctor
Tue Nov 14, 2017 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Brokered CDs - often better return secondary market
Replies: 16
Views: 1573

Re: Brokered CDs - often better return secondary market

^ He bought a discount CD, not a premium CD. Yes, brokered CDs on the secondary market can offer higher yields. You should still anticipate holding them until maturity. You won't be able to take advantage of a typical non-brokered CD's escape clause (cashing in early with minimal forfeiture of inter...
by Artsdoctor
Tue Nov 14, 2017 2:11 pm
Forum: Investing - Theory, News & General
Topic: The 4% rule DOES fail but still makes sense!
Replies: 135
Views: 8139

Re: The 4% rule DOES fail but still makes sense!

Here is a case written by sambb in one of my other threads. Similar examples have appeared in other places. I don't know if anyone had good answers. ***************************** What about the following: Need 100k/year, so desire to have 2.5M (4%) withdrawal. Lets say right now in 2017, i hit 2.5M...
by Artsdoctor
Tue Nov 14, 2017 1:55 pm
Forum: Investing - Help with Personal Investments
Topic: [Solved] Starting investing in a long-run bull market: advices ?
Replies: 15
Views: 1436

Re: Starting investing in a long-run bull market: advices ?

Hello bogleheads, I plan to start investing at the beginning of 2018, I'm currently researching my options (allocations, which ETFs, brokers, ...). My current goal is to save for a house in around 10-15 years and for retirement in around 20-25 years. I plan to use the buy-and-hold strategy with var...
by Artsdoctor
Mon Nov 13, 2017 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: POAs may not be that powerful
Replies: 80
Views: 3941

Re: POAs may not be that powerful

When I was helping an elderly person I found that not a single company or financial institution would accept a perfectly valid DPOA. NOT ONE! For things that were in a revocable trust there was no problem. But the power of attorney was completely useless. I have a DPOA for myself but I am not expec...
by Artsdoctor
Mon Nov 13, 2017 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Long term capital gains tax - effective tax is higher than 15%
Replies: 15
Views: 1050

Re: Long term capital gains tax - effective tax is higher than 15%

You mentioned 35% tax bracket which implies high income. At higher levels of income (>200K single, 250K MFJ), additional taxes apply on investment income. Net Investment Income Tax (NIIT). IRS FAQ on NIIT: https://www.irs.gov/newsroom/net-investment-income-tax-faqs If you itemize deductions, high i...
by Artsdoctor
Sun Nov 12, 2017 10:04 am
Forum: Investing - Help with Personal Investments
Topic: LifeStrategy Fund in Taxable account
Replies: 16
Views: 1391

Re: LifeStrategy Fund in Taxable account

^ There's nothing wrong with holding LifeStrategy funds. They're convenient and couldn't be easier. If someone isn't interesting in managing one's personal finances, they're great. From a tax point of view, which is specifically what the OP asked about, they're not optimal. The funds are made up of ...
by Artsdoctor
Sat Nov 11, 2017 6:58 pm
Forum: Investing - Help with Personal Investments
Topic: LifeStrategy Fund in Taxable account
Replies: 16
Views: 1391

Re: LifeStrategy Fund in Taxable account

My parents are nearing the age where they will need to start taking Required Minimum Distributions (RMD) and it seems like they don’t need the money to live on, so they will likely just reinvest the money in a taxable account. They currently have their money in a Traditional IRA, Vanguard LifeStrat...
by Artsdoctor
Sat Nov 11, 2017 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: Donor Advised funds
Replies: 44
Views: 1659

Re: Donor Advised funds

Anonymity is probably the number one reason we use one. Much of our giving is local. The only way to stay off lists, getting called and having to go to local events is to make the donations anonymously. Even the local financial firms (wealth management) tap into the donor lists for client prospecti...
by Artsdoctor
Sat Nov 11, 2017 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Donor Advised funds
Replies: 44
Views: 1659

Re: Donor Advised funds

You've got it backwards. It doesn't expand your tax deferred space, but the charity's. It's not your tax deferred space, but the charity's. For exactly that reason, not to mention the costs, you proposal is inferior. Right. Absent administrative or other reasons such as those DM200 elaborated on, b...
by Artsdoctor
Sat Nov 11, 2017 3:56 pm
Forum: Investing - Theory, News & General
Topic: David Blanchett: Liability Driven Investing Misapplied
Replies: 16
Views: 1206

Re: David Blanchett: Liability Driven Investing Misapplied

Blanchett offers reasonable points, with one of them being the downward push of the overall portfolio toward the "overly conservative" side. This is true. I don't think that a Liability Matching Portfolio is for everyone. I also would not advocate that the vast majority of any portfolio is an LMP fo...
by Artsdoctor
Sat Nov 11, 2017 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Donor Advised funds
Replies: 44
Views: 1659

Re: Donor Advised funds

DAFs are the way to go for all the reasons you outlined and more. The only small obstacle is that you can't really legally commit to donating $X each year (as in, "I pledge to donate $X each year over the next 10 years). However, if it's a non-binding and recurrent donation, no problem. One thing I...
by Artsdoctor
Sat Nov 11, 2017 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Donor Advised funds
Replies: 44
Views: 1659

Re: Donor Advised funds

DAFs are the way to go for all the reasons you outlined and more. The only small obstacle is that you can't really legally commit to donating $X each year (as in, "I pledge to donate $X each year over the next 10 years). However, if it's a non-binding and recurrent donation, no problem. One thing I'...
by Artsdoctor
Fri Nov 10, 2017 7:30 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Total Corporate Bond ETF (VTC)
Replies: 6
Views: 991

Re: Vanguard Total Corporate Bond ETF (VTC)

Interesting. It's so new that it hasn't even had its first distribution yet. The website information is pretty spartan. I don't see the duration listed. It's supposed to be a combination of three ETFs: the short-tern, intermediate-term, and long-term corporate bond ETFs. Maybe I'm missing the stats,...
by Artsdoctor
Fri Nov 10, 2017 7:23 pm
Forum: Investing - Theory, News & General
Topic: Yay, my question was answered by Jack
Replies: 40
Views: 3637

Re: Yay, my question was answered by Jack

^ STC: I think that the crux of the question surrounded asset allocation. The Balanced Fund is 60/40 and a lot of retirees would find that too equity-heavy. Bogle has often talked about "age in bonds" or even 110-age for the bond allocation so if you're well into retirement, you might wonder how he ...
by Artsdoctor
Fri Nov 10, 2017 7:16 pm
Forum: Investing - Theory, News & General
Topic: Initial Vanguard capital gains distribution announcement
Replies: 14
Views: 1670

Re: Initial Vanguard capital gains distribution announcement

I wonder why the Institutional and Institutional Plus Total Market Index funds are throwing off CG distributions, and the Admiral and Investor share classes are not. When it comes to mutual funds versus ETFs, there really shouldn't be any differences in CG distributions if they're the same (VTSAX ve...
by Artsdoctor
Fri Nov 10, 2017 7:09 pm
Forum: Investing - Help with Personal Investments
Topic: Are You Comfortable With State Specific Muni Money Funds
Replies: 7
Views: 701

Re: Are You Comfortable With State Specific Muni Money Funds

David,

I think the OP was focusing on the tax-exempt money market funds; I had to do a second re-read myself. I don't think there's any utility in using a national tax-exempt money market fund and a state-specific money market fund both diversification purposes.
by Artsdoctor
Thu Nov 09, 2017 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: 11 month no pnealty CD 1.55% 1K Minnimum
Replies: 11
Views: 1934

Re: 11 month no pnealty CD 1.55% 1K Minnimum

At this point, the rate isn't all that different from FDIC-insured online savings accounts. It depends how much you're going to be depositing but convenience and liquidity count for something. Compare rates:

https://www.depositaccounts.com/savings/
by Artsdoctor
Wed Nov 08, 2017 11:20 pm
Forum: Personal Finance (Not Investing)
Topic: Morningstar: Cognitive decline in aging. A strong case for portfolio simplification?
Replies: 98
Views: 7580

Re: Morningstar: Cognitive decline in aging. A strong case for portfolio simplification?

As my name means, I am 67 retired and have Dementia with Lewy Bodies. It sucks. I now sitting in my room at my new home in CCRC, but I did take great moves to get my finances in order so my wife would be able to manage things, which she had never done with finances before. All legal paperwork done....
by Artsdoctor
Wed Nov 08, 2017 4:16 pm
Forum: Investing - Help with Personal Investments
Topic: Are You Comfortable With State Specific Muni Money Funds
Replies: 7
Views: 701

Re: Are You Comfortable With State Specific Muni Money Funds

The difference is pretty insignificant and I'd go with whatever is easiest. In hopes of simplifying, I'd keep the cash at the institution where you're going to me using it most. It's also not worth stressing out too much because there is a certain private equity component which might come into play ...
by Artsdoctor
Wed Nov 08, 2017 4:12 pm
Forum: Investing - Theory, News & General
Topic: Open a Roth but Vanguard minimum investment too high?
Replies: 19
Views: 989

Re: Open a Roth but Vanguard minimum investment too high?

You have a lot of options. You describe Admiral shares in your original post, but there are ways around that one. If you like, you can use STAR at first. It's 60/40 and it's $1000 minimum. Or, the minimum for LifeStrategy funds is $3,000. You'll get excellent diversification, and you'll keep the sam...
by Artsdoctor
Wed Nov 08, 2017 9:24 am
Forum: Investing - Theory, News & General
Topic: "I took all my money out of the stock market and it feels amazing"
Replies: 69
Views: 8664

Re: "I took all my money out of the stock market and it feels amazing"

Wait a minute. Let's back up a minute here. Where's the money? She inherited money in the early 1980's. You'd have to assume that it was placed in a taxable account and it wasn't an inherited 401k (she didn't mention taking any out--no RMD's from an inherited 401k were described). She has continued...
by Artsdoctor
Wed Nov 08, 2017 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Poll-How much do you have in your HSA?
Replies: 50
Views: 4705

Re: Poll-How much do you have in your HSA?

hoppy08520 wrote:
Wed Nov 08, 2017 7:56 am
Artsdoctor wrote:
Tue Nov 07, 2017 7:44 pm
Mine since 2005, spouse since 2008. Combined balance is about $135K.
Nice! I think you're in first place so far, which is quite an achievement on this forum. :sharebeer
I would bet no. But I would not have been able to do it WITHOUT the forum.
by Artsdoctor
Tue Nov 07, 2017 8:08 pm
Forum: Investing - Help with Personal Investments
Topic: From 100% equity to 80/20. Overnight or over a year?
Replies: 23
Views: 1862

Re: From 100% equity to 80/20. Overnight or over a year?

You didn't mention where you'd be doing the selling. If you're going to sell equities in a tax-advantaged account, and if you're committed to holding a 80/20 AA, I can't see why you couldn't sell everything you need now to reach the desired AA. However, if your sales are going to result in a signifi...
by Artsdoctor
Tue Nov 07, 2017 8:03 pm
Forum: Investing - Theory, News & General
Topic: "I took all my money out of the stock market and it feels amazing"
Replies: 69
Views: 8664

Re: "I took all my money out of the stock market and it feels amazing"

Wait a minute. Let's back up a minute here. Where's the money? She inherited money in the early 1980's. You'd have to assume that it was placed in a taxable account and it wasn't an inherited 401k (she didn't mention taking any out--no RMD's from an inherited 401k were described). She has continued ...
by Artsdoctor
Tue Nov 07, 2017 7:51 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Advice for paying off Mortgage.
Replies: 6
Views: 617

Re: Investment Advice for paying off Mortgage.

Dojo, I think that 8% nominal return annually is a bit hopeful. If it's going to happen, it's going to be all in equities. If you were 100% invested in equities the whole time, you'd be put in a position eventually where you'd be invested fully in stocks 1-2 years prior to needing the money. This wo...
by Artsdoctor
Tue Nov 07, 2017 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: Poll-How much do you have in your HSA?
Replies: 50
Views: 4705

Re: Poll-How much do you have in your HSA?

Mine since 2005, spouse since 2008. Combined balance is about $135K. Started with TSM but then converted to Balanced at age 55. Gradually reimbursing expenses which are greater than 10 years old.
by Artsdoctor
Tue Nov 07, 2017 7:36 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with single state muni fund?
Replies: 8
Views: 681

Re: What to do with single state muni fund?

^ Actually, the CA intermediate fund beats the national intermediate fund most years although you wouldn't want to make decisions going forward based on past returns. The OP will be paying state income tax on both funds (provided the state has income tax). Aside from diversification, I don't see the...
by Artsdoctor
Tue Nov 07, 2017 6:57 pm
Forum: Investing - Theory, News & General
Topic: Amortize Premium Munis to Call Date or Maturity Date?
Replies: 18
Views: 1045

Re: Amortize Premium Munis to Call Date or Maturity Date?

^ Yes, that's generally true, especially in the current environment. However, you can't really know for sure when you're buying the bond, which is why you'd do well to buy callable bonds with call dates that are not too far off the maturity date. I know it goes without saying, but that's also why yo...
by Artsdoctor
Tue Nov 07, 2017 5:03 pm
Forum: Investing - Theory, News & General
Topic: Amortize Premium Munis to Call Date or Maturity Date?
Replies: 18
Views: 1045

Re: Amortize Premium Munis to Call Date or Maturity Date?

The call feature is meant to benefit the issuer, so if a call date passes and you still have the bond, it's probably because the coupon is low. Remember that amortization takes the purchase price (your basis) and then gradually reduces it to par. The amortization amounts have nothing to do with what...
by Artsdoctor
Tue Nov 07, 2017 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: When did you start investing in taxable accounts?
Replies: 23
Views: 2467

Re: When did you start investing in taxable accounts?

We started our taxable account in the mid-1980's. If I remember correctly, our combined income was probably $50,000. We have always contributed the maximum annual amount to all tax-deferred accounts, Roths (although this was a rare opportunity), and HSAs.
by Artsdoctor
Tue Nov 07, 2017 4:51 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with single state muni fund?
Replies: 8
Views: 681

Re: What to do with single state muni fund?

The CA fund has out-performed the national fund so far this year so it's not as if you're holder a slacker fund! All of that said, you may as well benefit from the diversification of the national fund but I don't see why you'd have to "pay for the privilege" by incurring significant capital gains ta...
by Artsdoctor
Tue Nov 07, 2017 2:35 pm
Forum: Investing - Theory, News & General
Topic: Amortize Premium Munis to Call Date or Maturity Date?
Replies: 18
Views: 1045

Re: Amortize Premium Munis to Call Date or Maturity Date?

This is a confusing topic because there is a distinct difference between how you might amortize a premium taxable callable bond, and how you would amortize a premium callable tax-exempt bond. You have to be very careful when you're reading the IRS rules in order to make sure that you're differentiat...
by Artsdoctor
Mon Nov 06, 2017 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Morningstar: Cognitive decline in aging. A strong case for portfolio simplification?
Replies: 98
Views: 7580

Re: Morningstar: Cognitive decline in aging. A strong case for portfolio simplification?

Pssst. "Apple, table, penny." How many people know what I am talking about? Zen question: is it really cheating to know the answer to a memory test by heart? You're not really supposed to remember the three items after you leave the office. And you're not supposed to teach everyone the only three t...
by Artsdoctor
Mon Nov 06, 2017 2:05 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Slaughtering The High Dividend Sacred Cow
Replies: 192
Views: 12807

Re: Larry Swedroe: Slaughtering The High Dividend Sacred Cow

Larry is describing Meb Faber's research, which was discussed on Faber's podcast about two months ago. If you're at all interested in a decent discussion, you can listen to it here:

http://mebfaber.com/2017/09/14/episode- ... trategies/
by Artsdoctor
Sat Nov 04, 2017 3:15 pm
Forum: Investing - Help with Personal Investments
Topic: HSA reimbursement post retirement
Replies: 24
Views: 1598

Re: HSA reimbursement post retirement

^ I'd have to agree with this as well. Unfortunately, there are many of us who have had to fund our HSAs independently. I don't really have paranoia of the IRS. In the past, I've received letters requesting clarification and/or documentation which went off without a hitch. I don't think I'd run into...
by Artsdoctor
Fri Nov 03, 2017 8:29 am
Forum: Personal Finance (Not Investing)
Topic: Max HSA?
Replies: 12
Views: 1202

Re: Max HSA?

You have good points. You should definitely get the maximum employer match because it's a 100% return on your money. If your medical expenses are inevitable, then you might very well benefit from maximizing your HSA contributions. This would depend on your cash flow. However, you would still get tax...
by Artsdoctor
Fri Nov 03, 2017 8:21 am
Forum: Investing - Help with Personal Investments
Topic: HSA reimbursement post retirement
Replies: 24
Views: 1598

Re: HSA reimbursement post retirement

^ My point exactly. It's not a big deal going forward: most HSA-eligible plans actually have HSA listed on the card or an online plan title. Going back 15 years would require a lot of detective work but the receipts have plan numbers so the insurance company should be able to substantiate the eligib...