Search found 3492 matches

by Artsdoctor
Thu Oct 18, 2018 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Step-up of basis on spouse’s death
Replies: 10
Views: 575

Re: Step-up of basis on spouse’s death

The one year "loop hole" has been around for a while. Although tax dodges seem to be rampant and even bragged about publicly in some circles, there are some minimal rules that have been in effect for a long time. It sounds as if your dad's CPA is reasonable. Find out about Roth conversions since he'...
by Artsdoctor
Thu Oct 18, 2018 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Step-up of basis on spouse’s death
Replies: 10
Views: 575

Re: Step-up of basis on spouse’s death

Zombies, You're right. There are steps that couples can indeed take when one spouse has an expected life span much shorter than the other's. I am not an expert here, so please bear that in mind. First, the rules are very different when you live in a community property state (like California). When y...
by Artsdoctor
Thu Oct 18, 2018 3:57 pm
Forum: Investing - Help with Personal Investments
Topic: What the heck to do with $2M windfall
Replies: 15
Views: 2459

Re: What the heck to do with $2M windfall

Windfaller, Congratulations on the windfall. Unfortunately, there's no possible way to make any recommendations because there are too many variables. The plan would be completely different if you're 35 versus 65; likewise, it'd be very different if this represents nearly 100% of your portfolio versu...
by Artsdoctor
Thu Oct 18, 2018 3:52 pm
Forum: Investing - Help with Personal Investments
Topic: 2018 Income Tax Simulation
Replies: 10
Views: 1800

Re: 2018 Income Tax Simulation

Bumping for some more input regarding best 2018 tax simulator. We have about ten weeks to make any moves to optimize our situation. For estimating 2018 taxes, the "what if?" worksheets of TurboTax, TaxAct, etc. may be the most accurate if one has an extremely complex situation. If one has merely a ...
by Artsdoctor
Wed Oct 17, 2018 7:13 pm
Forum: Investing - Help with Personal Investments
Topic: Investing During Retirement
Replies: 15
Views: 1545

Re: Investing During Retirement

May I respectfully disagree (gasp!) with many of my fellow Bogleheads on selecting a bond fund or individual bonds at this particular juncture in the economic cycle? Instead of putting a portion (20%, 40%, 60%) of your money in bonds or a bond fund (short term or not), put your risk off money in sh...
by Artsdoctor
Wed Oct 17, 2018 6:48 pm
Forum: Investing - Theory, News & General
Topic: "Retirement age uncertainty increases the savings needed for success"
Replies: 46
Views: 4042

Re: "Retirement age uncertainty increases the savings needed for success"

Blanchett has always done great research. I'm going to disagree slightly with his premise slightly, though, because the uncertainty surrounding healthcare insurance has only increased over time. What was considered relatively stable 2 years ago, would not be considered as stable now; this might make...
by Artsdoctor
Wed Oct 17, 2018 6:40 pm
Forum: Investing - Help with Personal Investments
Topic: Investments for HSA
Replies: 8
Views: 832

Re: Investments for HSA

Hello - Newbie here,with a question I’ve been wondering about for awhile. I currently have about $13,500 in an HSA through HSA Bank, with an attached TD Ameritrade account. I am hoping to keep it invested to use in retirement. However, I have yet to figure out what the best investments for this acc...
by Artsdoctor
Wed Oct 17, 2018 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: CA property tax > $10K, any options to deduct all?
Replies: 15
Views: 2015

Re: CA property tax > $10K, any options to deduct all?

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 with some of the online tax projection programs to see what you're in for. This is an important point. In high tax states like NY a...
by Artsdoctor
Tue Oct 16, 2018 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: CA property tax > $10K, any options to deduct all?
Replies: 15
Views: 2015

Re: CA property tax > $10K, any options to deduct all?

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 ...
by Artsdoctor
Sat Oct 13, 2018 6:41 pm
Forum: Investing - Theory, News & General
Topic: Who worries about a bear market in stocks?
Replies: 71
Views: 5655

Re: Who worries about a bear market in stocks?

I don’t know why he hates cat food so much. He also doesn’t like shopping carts in the underpass.
by Artsdoctor
Sat Oct 13, 2018 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Can a US citizen be a resident of NO state?
Replies: 61
Views: 17819

Re: Can a US citizen be a resident of NO state?

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...
by Artsdoctor
Sat Oct 13, 2018 5:19 pm
Forum: Investing - Theory, News & General
Topic: Who worries about a bear market in stocks?
Replies: 71
Views: 5655

Re: Who worries about a bear market in stocks?

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...
by Artsdoctor
Sat Oct 13, 2018 5:09 pm
Forum: Investing - Theory, News & General
Topic: Psychological vs. Real Risk
Replies: 21
Views: 1498

Re: Psychological vs. Real Risk

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...
by Artsdoctor
Sat Oct 13, 2018 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Can a US citizen be a resident of NO state?
Replies: 61
Views: 17819

Re: Can a US citizen be a resident of NO state?

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 ...
by Artsdoctor
Sat Oct 13, 2018 12:30 pm
Forum: Investing - Theory, News & General
Topic: Psychological vs. Real Risk
Replies: 21
Views: 1498

Re: Psychological vs. Real Risk

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...
by Artsdoctor
Sat Oct 13, 2018 9:09 am
Forum: Investing - Theory, News & General
Topic: Psychological vs. Real Risk
Replies: 21
Views: 1498

Re: Psychological vs. Real Risk

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...
by Artsdoctor
Fri Oct 12, 2018 7:57 pm
Forum: Investing - Help with Personal Investments
Topic: 6 month Treasury Note: "Bond" or "Cash"?
Replies: 47
Views: 3546

Re: 6 month Treasury Note: "Bond" or "Cash"?

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...
by Artsdoctor
Fri Oct 12, 2018 7:47 pm
Forum: Investing - Theory, News & General
Topic: Who worries about a bear market in stocks?
Replies: 71
Views: 5655

Re: Who worries about a bear market in stocks?

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 ...
by Artsdoctor
Fri Oct 12, 2018 6:05 pm
Forum: Personal Consumer Issues
Topic: Which one: Lyft or Uber?
Replies: 44
Views: 2845

Re: Which one: Lyft or Uber?

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...
by Artsdoctor
Fri Oct 12, 2018 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: How are RMD's handled if you have more than one IRA account?
Replies: 3
Views: 528

Re: How are RMD's handled if you have more than one IRA account?

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...
by Artsdoctor
Fri Oct 12, 2018 4:05 pm
Forum: Investing - Help with Personal Investments
Topic: When stocks and bonds drop at the same time, what do you do?
Replies: 40
Views: 4418

Re: When stocks and bonds drop at the same time, what do you do?

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 ...
by Artsdoctor
Fri Oct 12, 2018 3:53 pm
Forum: Investing - Help with Personal Investments
Topic: 6 month Treasury Note: "Bond" or "Cash"?
Replies: 47
Views: 3546

Re: 6 month Treasury Note: "Bond" or "Cash"?

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
by Artsdoctor
Fri Oct 12, 2018 3:43 pm
Forum: Investing - Theory, News & General
Topic: Who worries about a bear market in stocks?
Replies: 71
Views: 5655

Re: Who worries about a bear market in stocks?

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 ...
by Artsdoctor
Fri Oct 12, 2018 3:36 pm
Forum: Investing - Theory, News & General
Topic: Who worries about a bear market in stocks?
Replies: 71
Views: 5655

Re: Who worries about a bear market in stocks?

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...
by Artsdoctor
Fri Oct 12, 2018 3:32 pm
Forum: Investing - Theory, News & General
Topic: Psychological vs. Real Risk
Replies: 21
Views: 1498

Re: Psychological vs. Real Risk

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...
by Artsdoctor
Wed Oct 10, 2018 3:27 pm
Forum: Investing - Help with Personal Investments
Topic: Taking advantage of the current correction
Replies: 28
Views: 3573

Re: Taking advantage of the current correction

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...
by Artsdoctor
Tue Oct 09, 2018 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: Elder care tax question(s)
Replies: 27
Views: 1715

Re: Elder care tax question(s)

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 ...
by Artsdoctor
Tue Oct 09, 2018 6:44 pm
Forum: Investing - Help with Personal Investments
Topic: Tax-effective yields for various MM Funds
Replies: 16
Views: 1170

Re: Tax-effective yields for various MM Funds

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...
by Artsdoctor
Tue Oct 09, 2018 6:34 pm
Forum: Investing - Help with Personal Investments
Topic: Investment advice for a friend in her nineties
Replies: 22
Views: 1846

Re: Investment advice for a friend in her nineties

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 ...
by Artsdoctor
Tue Oct 09, 2018 6:24 pm
Forum: Investing - Help with Personal Investments
Topic: Buying right before a dividend and capital gain distributions
Replies: 6
Views: 1183

Re: Buying right before a dividend and capital gain distributions

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...
by Artsdoctor
Tue Oct 09, 2018 6:12 pm
Forum: Personal Consumer Issues
Topic: Medicare drug question - days or pills?
Replies: 18
Views: 825

Re: Medicare drug question - days or pills?

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...
by Artsdoctor
Mon Oct 08, 2018 9:57 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Why Emerging Markets Matter
Replies: 82
Views: 6291

Re: Larry Swedroe: Why Emerging Markets Matter

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...
by Artsdoctor
Sat Oct 06, 2018 12:43 pm
Forum: Investing - Help with Personal Investments
Topic: Target date retirement fund vs three funds
Replies: 14
Views: 1475

Re: Target date retirement fund vs three funds

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...
by Artsdoctor
Sat Oct 06, 2018 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Maximizing tax advantaged room in California HSA
Replies: 8
Views: 665

Re: Maximizing tax advantaged room in California HSA

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...
by Artsdoctor
Sat Oct 06, 2018 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Maximizing tax advantaged room in California HSA
Replies: 8
Views: 665

Re: Maximizing tax advantaged room in California HSA

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...
by Artsdoctor
Fri Oct 05, 2018 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Maximizing tax advantaged room in California HSA
Replies: 8
Views: 665

Re: Maximizing tax advantaged room in California HSA

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...
by Artsdoctor
Tue Oct 02, 2018 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Why is Home Part of NW [Net Worth]
Replies: 98
Views: 6700

Re: Why is Home Part of NW

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...
by Artsdoctor
Mon Oct 01, 2018 7:53 am
Forum: Personal Finance (Not Investing)
Topic: Why is Home Part of NW [Net Worth]
Replies: 98
Views: 6700

Re: Why is Home Part of NW

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...
by Artsdoctor
Fri Sep 28, 2018 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: When does VTSAX pay its dividend this month?
Replies: 16
Views: 4559

Re: When does VTSAX pay its dividend this month?

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 ...
by Artsdoctor
Fri Sep 28, 2018 12:20 pm
Forum: Investing - Help with Personal Investments
Topic: How to set up direct deposit to Vanguard Prime Money Market?
Replies: 29
Views: 3268

Re: How to set up direct deposit to Vanguard Prime Money Market?

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...
by Artsdoctor
Wed Sep 26, 2018 5:31 pm
Forum: Investing - Help with Personal Investments
Topic: Non-spousal Inherited IRA
Replies: 18
Views: 1409

Re: Non-spousal Inherited IRA

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...
by Artsdoctor
Wed Sep 26, 2018 5:22 pm
Forum: Investing - Help with Personal Investments
Topic: Preparing for My First Recession?
Replies: 63
Views: 7252

Re: Preparing for My First Recession?

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...
by Artsdoctor
Wed Sep 26, 2018 5:19 pm
Forum: Investing - Help with Personal Investments
Topic: How to set up direct deposit to Vanguard Prime Money Market?
Replies: 29
Views: 3268

Re: How to set up direct deposit to Vanguard Prime Money Market?

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...
by Artsdoctor
Wed Sep 26, 2018 5:17 pm
Forum: Investing - Help with Personal Investments
Topic: How to set up direct deposit to Vanguard Prime Money Market?
Replies: 29
Views: 3268

Re: How to set up direct deposit to Vanguard Prime Money Market?

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...
by Artsdoctor
Wed Sep 26, 2018 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone else noticed that HDHP are actually better for those needing expensive Rx?
Replies: 18
Views: 2270

Re: Has anyone else noticed that HDHP are actually better for those needing expensive Rx?

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...
by Artsdoctor
Wed Sep 26, 2018 5:04 pm
Forum: Investing - Theory, News & General
Topic: Economic reasons for rate increase by the Fed?
Replies: 71
Views: 6107

Re: Economic reasons for rate increase by the Fed?

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=...
by Artsdoctor
Wed Sep 26, 2018 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Does it make sense to payoff my HELOC?
Replies: 9
Views: 819

Re: Does it make sense to payoff my HELOC?

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...
by Artsdoctor
Wed Sep 26, 2018 2:22 pm
Forum: Investing - Theory, News & General
Topic: Misunderstanding of using CAPE for equity allocation
Replies: 5
Views: 521

Re: Misunderstanding of using CAPE for equity allocation

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...
by Artsdoctor
Wed Sep 26, 2018 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Does it make sense to payoff my HELOC?
Replies: 9
Views: 819

Re: Does it make sense to payoff my HELOC?

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...