Search found 557 matches

by Greenberry
Fri Nov 23, 2018 1:10 pm
Forum: Personal Investments
Topic: More TLH questions
Replies: 38
Views: 3655

Re: More TLH questions

For the OP, your options are broader than sit in a MM for 30 days or switch to another EAFE fund. You could move to something like a total international fund tracking a different index (world ex-us instead of developed markets) that would likely behave mostly similarly to your current fund, but be d...
by Greenberry
Sun Jan 25, 2009 12:23 am
Forum: Investing - Theory, News & General
Topic: Slicing and Dicing International for Maximum Tax Efficiency
Replies: 1
Views: 661

Sorry I don't have time for a long reply, but a reasonable answer is that FTSE is more tax-efficient than Euro + Pac + EM held separately. It gives off a greater percentage of qualified dividends, gets the full FTC, and is less likely to distribute capital gains (especially if/when countries migrate...
by Greenberry
Fri Nov 07, 2008 10:05 am
Forum: Investing - Theory, News & General
Topic: Mental Accounting?
Replies: 20
Views: 2864

Where I've noticed this is in the 1% fees, for not remaining in a particular fund for 60 days, 90 days or one year. A 1% fee is irrelevant in this market. (note: I saw this when I TLH into other funds) Linda-room42 Wow, I just don't know where to start with this thread, so I picked Linda's at rando...
by Greenberry
Wed Nov 05, 2008 10:53 am
Forum: Personal Investments
Topic: Placing market orders for major ETF's
Replies: 18
Views: 5982

Note that 1 roundtrip between VTI and VV costs you more in spread than you save in 1-2 years of ER difference between etf and investor shares. For $100k+, the admiral class is better than etfs for those funds for just this reason.
by Greenberry
Sun Nov 02, 2008 4:06 pm
Forum: Personal Investments
Topic: Undoing my '08 Roth contribution?
Replies: 121
Views: 38594

I don't think this will work. From what I recall about the rule that allows you to undo the Roth contribution, taking advantage of it prevents you from making any further contributions this year. That's a recent tax law change due to this loophole. I don't have a citation, though, and could easily b...
by Greenberry
Wed Oct 01, 2008 6:54 am
Forum: Personal Investments
Topic: Portfolio help - wanting to move out of Target Retirement
Replies: 11
Views: 2571

Re: Portfolio help - wanting to move out of Target Retiremen

This is one possible way to arrange those funds amoung the accounts. The TSM is in the taxable account because it is very tax efficient. It would be a core holding. The other funds should be in tax protected accounts because they are less tax efficient. I'm sorry, but the quote above is incorrect. ...
by Greenberry
Wed Oct 01, 2008 6:45 am
Forum: Personal Investments
Topic: WIP (int'l TIPS) too unpredictable?
Replies: 13
Views: 3136

Big problem with WIP (and all foreign bonds) is that you care about after-tax returns. If you hold them in taxable, you can recapture foreign taxes paid, but are stuck paying ordinary income rates each year on the income. If you hold them in US tax-advantaged, then you lose all of the foreign taxes ...
by Greenberry
Wed Oct 01, 2008 6:42 am
Forum: Personal Investments
Topic: Tax loss harvesting question
Replies: 8
Views: 2240

For $50, Vanguard will exchange your TM international fund for the VEU share class, which would allow you to avoid the redemption fee.
by Greenberry
Tue Sep 09, 2008 1:37 am
Forum: Personal Investments
Topic: Tax Efficiency: Small Cap Index Fund in Taxable Account
Replies: 9
Views: 3794

If the former estimate of a 40% gain is close to accurate, you're likely best off keeping it in NAESX. However, you can direct future taxable contributions to more efficient funds for a taxable account (like FTSE all-world ex-US or TSM). Furthermore, you can have any future distributions from NAESX ...
by Greenberry
Mon Sep 08, 2008 1:48 am
Forum: Personal Investments
Topic: Stagnant traditional IRA
Replies: 9
Views: 2220

Either convert to a Roth, or if your 401k plan allows, you might be able to transfer it into your 401k.
by Greenberry
Fri Aug 15, 2008 12:46 am
Forum: Personal Finance (Not Investing)
Topic: Best thing to do with kids' $$$?
Replies: 13
Views: 3363

Re: Don't discount IBonds/TIPS for kids

I think you should reconsider your aversion to savings bonds and would suggest one other option. 1. Savings Bonds "mature" in 30 years. However, that does not mean you can not redeem them earlier. In Treasury speak "mature"ing means they cease earning interest. Savings bonds may...
by Greenberry
Sun Aug 10, 2008 2:04 pm
Forum: Investing - Theory, News & General
Topic: Help me with tax equiv calculation for muni fund w/ AMT
Replies: 8
Views: 2032

I guess that I should restate the premise. If you would like to fit bonds, reits and small value into your portfolio, and you have only limited tax free space, then you should fill the tax free space with reits and small value. The idea here is is that you can always own bonds in a taxable account ...
by Greenberry
Sun Aug 10, 2008 1:59 pm
Forum: Personal Investments
Topic: Need strategy for new retirees
Replies: 31
Views: 6187

Re: Need strategy for new retirees

Hello SpringMan, Thanks for the post. I am not from the old school, I am from the old country, meaning I came over from Europe and never had much of a mind on money – more on intellect, philosophy and ideology, so I have a lot to learn. The reason I was thinking about Schwab (before I read all the ...
by Greenberry
Sat Aug 09, 2008 9:12 pm
Forum: Investing - Theory, News & General
Topic: Help me with tax equiv calculation for muni fund w/ AMT
Replies: 8
Views: 2032

Greenberry, I assume that you get more bang for the buck filling your IRA and 401K's with reits and/or small value. After all, munis offer the perfect way to avoid cluttering your tax advantaged accounts with bonds. You wind up with the same yield after taxes when all is said and done. I'm not sure...
by Greenberry
Sat Aug 09, 2008 7:05 pm
Forum: Investing - Theory, News & General
Topic: Question about tax situation described in the Wiki
Replies: 15
Views: 2841

If you ignore the fund for the moment, and consider how much you'd have to pay for an individual bond that will distribute $100 in interest tomorrow, you'd find that that individual bond would be worth $100 more the day before it distributed the dividend vs. the day afterwards (ignoring the small am...
by Greenberry
Sat Aug 09, 2008 12:07 pm
Forum: Personal Investments
Topic: Tax loss harvesting -- short term losses?
Replies: 9
Views: 2218

Also, note that there's a 0.25% purchase fee on All-world ex-US as a fund, and Total International has a 2% short-term redemption fee if you hold the shares less than 60 days. Make sure your "substantial loss" is large enough that you don't lose more in costs to do the switches than you ga...
by Greenberry
Sat Aug 09, 2008 12:04 pm
Forum: Personal Investments
Topic: Need strategy for new retirees
Replies: 31
Views: 6187

Grok's suggestion looks reasonable to me. If you want to simplify it even further, you could easily use Vanguard's Target Retirement Income fund in each of your accounts.
by Greenberry
Sat Aug 09, 2008 11:54 am
Forum: Personal Investments
Topic: Question about MAGI/Roth
Replies: 13
Views: 3915

Depending on how desperate you are to avoid income, you or she could take an unpaid leave of absence, which would definitely reduce your MAGI for Roth purposes.
by Greenberry
Sat Aug 09, 2008 11:50 am
Forum: Investing - Theory, News & General
Topic: Help me with tax equiv calculation for muni fund w/ AMT
Replies: 8
Views: 2032

Personally, I find it a lot easier to think of things as after-tax yields, which are what you actually earn, rather than "tax-equivalent" yields, which you split with the IRS. It's also very easy to calculate after-tax yields: just multiply by the after-tax rate. In the case of the muni fu...
by Greenberry
Wed Jul 30, 2008 10:23 am
Forum: Investing - Theory, News & General
Topic: TLH VV and VTI repetitively?
Replies: 41
Views: 5460

Maybe I've also been biased because I file separately from my wife, and according to the Investopedia article on the subject, I'm only eligible for a maximum of $1500 off, not $3000. If the answer isn't too personal, why do you file separately? Have you done the math to see how tax you'd pay filing...
by Greenberry
Wed Jul 30, 2008 9:47 am
Forum: Investing - Theory, News & General
Topic: TLH VV and VTI repetitively?
Replies: 41
Views: 5460

As an aside, the bid-ask spreads that you pay when harvesting losses on an ETF may be a good reason to stick to regular Vanguard funds in a taxable account (at least for VTI/VV) -- at least until you have enough gains that future TLH events are unlikely, after which you could pay $50 to convert to a...
by Greenberry
Wed Jul 30, 2008 9:41 am
Forum: Investing - Theory, News & General
Topic: VWO vs EEM today
Replies: 43
Views: 7253

Re: EEM to VWO transfer

I thought that transferring money from EEM to VWO within Vanguard was not a taxable event. I would like somebody to confirm this . It is very much a taxable event in a taxable account. EEM is an ETF sold by iShares -- perhaps you thought EEM referred to Vanguard's Emerging Markets Index Fund? Even ...
by Greenberry
Thu Jul 24, 2008 9:35 am
Forum: Personal Investments
Topic: VTINX - All eggs in one basket?
Replies: 43
Views: 16721

As mentioned, you're really paying that advisor ~20% of your yearly spending rate and are likely much better off in something like Vanguard's Target Retirement 2010 or Target Retirement Income fund.
by Greenberry
Thu Jul 24, 2008 12:59 am
Forum: Investing - Theory, News & General
Topic: VEA vs. VTI which is more tax efficient.
Replies: 11
Views: 3835

Right, long term I will have VTI, VEA, and VWO (Emerging Markets) as my core holdings in taxable. But, for the short term I will likely be putting some of VTI and/or VEA in my tax deferred ... Hence the hypothetical question I posed. In the end, I suppose either way will probably end up with a simi...
by Greenberry
Sun Jun 22, 2008 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Pay your house off before you retire
Replies: 181
Views: 33967

Is the tax argument valid ? If it is why not keep a mortage and offset it with bonds. In short, no. However, mortgage debt is better than other debt, such as car loans or credit card debt, from a tax perspective. Keep in mind that someone has to be willing to loan you money for the mortgage -- and ...
by Greenberry
Tue May 13, 2008 10:37 am
Forum: Personal Investments
Topic: Asset Allocation help greatly appreciated...work in progress
Replies: 12
Views: 2980

And just so you don't think everyone here is a slicer, I'd vote you simplify the portfolio. You're having a tough time making decisions and are splitting the difference, which is just giving you needless complexity. You don't need both short and intermediate term treasury funds -- pick one. Likewise...
by Greenberry
Tue May 13, 2008 10:26 am
Forum: Personal Finance (Not Investing)
Topic: USAA vs PenFed
Replies: 47
Views: 24896

Is the AMA checking service (statements, copies, etc) to the same level as 4 star checking? There are some differences, but I think it's better overall. You get monthly statements in the mail, unless you ask for electronic versions. You don't get your actual checks back, but I don't think 4 star do...
by Greenberry
Tue May 13, 2008 3:01 am
Forum: Personal Finance (Not Investing)
Topic: USAA vs PenFed
Replies: 47
Views: 24896

I think I'll stick with the 4-star checking, though. I push any "extra" cash to my Vanguard Money Market, so I don't think any additional interest on my checking account would be worth the hassle factor. The point is that the AMA account earns about the same interest as Vanguard's Prime, ...
by Greenberry
Sun May 11, 2008 12:06 am
Forum: Personal Finance (Not Investing)
Topic: USAA vs PenFed
Replies: 47
Views: 24896

AMA account can be effectively used as a checking account even if technically it's a brokerage account. Interest rate varies depending on the sweep account you choose, but if you put it in the FDIC insured money market it's usually about 0.1 to 0.2% less than VG Prime. April was 2.15%, if I recall. ...
by Greenberry
Sat May 10, 2008 11:58 pm
Forum: Personal Finance (Not Investing)
Topic: Exclusive online banking and getting cash
Replies: 19
Views: 4756

Call your bank, tell them to raise the daily ATM withdrawal limit.
by Greenberry
Thu Apr 24, 2008 1:02 am
Forum: Investing - Theory, News & General
Topic: Richard Ferri's position on International Reits
Replies: 42
Views: 12000

You need to consider the entire cost, not just the management expense ratio. The problem with international REITs is that in addition to the 0.48% ER, you have the location issue: big dividends, so tax inefficient if held in taxable, but if you hold them in tax-deferred, you lose about 15% of the yi...
by Greenberry
Fri Apr 18, 2008 7:00 am
Forum: Personal Investments
Topic: VTSMX - VS- Combo of large/mid/small Funds & Re-balancin
Replies: 9
Views: 5094

As Laura said, you want to consider the allocations within the context of your portfolio. However, all of the options you've given are within a few percentage points of Total Stock Market Index in terms of allocations, so I don't see what you're hoping to gain by splitting them up like this? You're ...
by Greenberry
Fri Apr 18, 2008 6:48 am
Forum: Personal Investments
Topic: 401k advice - VFINX vs EXHAX with fee
Replies: 11
Views: 2579

There's no way I'd pay 1.13% for EXHAX, even if it "has done better" than Vanguard's fund because while there's no guarantee about whether it will do better in the future, there is a guarantee that they will charge you a whole lot more going forward. Why don't you post all of the options a...
by Greenberry
Tue Apr 15, 2008 4:21 pm
Forum: Personal Investments
Topic: Asset Allocation/Portfolio help for risk averse individual
Replies: 22
Views: 4500

Sorry I don't have time for a long reply, but briefly: There are lots of types of annuities and broadly, only the SPIA is worthwhile but the others are generally to be avoided. Many research studies have suggested that SPIAs are an "optimum" investment for many, and they're the default req...
by Greenberry
Tue Apr 15, 2008 4:15 pm
Forum: Investing - Theory, News & General
Topic: Wealth Reversion to Mean, Excess Leverage, and EMH
Replies: 43
Views: 6402

The best analogy I've read, with apologies for not remembering a source to cite: It's possible to find a $20 bill on the street, but that does not mean it's worth my time to go out and walk the streets of NYC in search of $20 bills lying on the street. The analogy to EMH is left as an exercise for t...
by Greenberry
Tue Apr 15, 2008 4:09 pm
Forum: Personal Investments
Topic: AA - Do you consider Pension and Soc Sec Income
Replies: 26
Views: 6267

Everyone talks about spending needs, but in reality most people can adapt, so it's not really "what income do you need in retirement?" Instead, I'd suggest considering what amount of spending would allow you to survive, even if it's distasteful. That's your true need. Then consider how muc...
by Greenberry
Tue Apr 15, 2008 5:47 am
Forum: Personal Investments
Topic: Asset Allocation/Portfolio help for risk averse individual
Replies: 22
Views: 4500

Given your past different approaches to money, in your situation I wouldn't combine portfolios with my fiance and would treat them separately -- at least until after I'd been married for a few years and convinced that money issues were not a problem in the marriage. I would also likely look into pur...
by Greenberry
Mon Apr 14, 2008 5:21 pm
Forum: Investing - Theory, News & General
Topic: Dialogue with Andy re portfolio management
Replies: 48
Views: 8204

[quote="Wagnerjb].... However, if I had to pay 0.45% to Parametrics to implement this for me, the index fund route would clearly make more sense. As I explained in my note to Pete on "expected return", my portfolio has the same expected return as the large cap market.[/quote] Hi Andy,...
by Greenberry
Mon Apr 14, 2008 5:02 pm
Forum: Investing - Theory, News & General
Topic: Question about 1099-DIV for FTSE, taxes...
Replies: 3
Views: 1551

And for the foreign country name, you can enter "various"
by Greenberry
Mon Apr 14, 2008 5:01 pm
Forum: Personal Investments
Topic: Please help simplify my portfolio
Replies: 3
Views: 1929

I like Piperwarrior's suggestions, but I think with only 15k of capital gains on a "mid 6 figure portfolio" with 20+% in taxable that the lower ER and potentially greater tax efficiency of Vanguard funds would make up for the capital gains taxes that you would pay in just a few years. If I...
by Greenberry
Sat Apr 12, 2008 8:46 pm
Forum: Investing - Theory, News & General
Topic: Dialogue with Andy re portfolio management
Replies: 48
Views: 8204

I see little-to-no reason to hold an S&P 500 index fund when you could hold Total Stock Market instead to avoid the front-running aspect as well as tax-efficiently holding small cap stocks, so the whole front-running aspect is moot. To me, the big cost that Andy is paying is that he's holding do...
by Greenberry
Sat Apr 12, 2008 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Prepaid Cell Phone Plan Comparison Website
Replies: 60
Views: 26257

You can use t-mobile prepaid wherever you get service (in the US) without additional long-distance or roaming charges -- it only uses up the minutes you've purchased.
by Greenberry
Tue Apr 08, 2008 9:07 pm
Forum: Investing - Theory, News & General
Topic: Vanguard to offer global equity ETF
Replies: 51
Views: 15897

I actually prefer having separate funds for US and international -- not because of rebalancing issues that ddb mentioned -- but because the tax implications are different between domestic and foreign investments when held in IRAs/401ks. It makes sense to hold as much of your foreign equity in taxab...
by Greenberry
Sun Apr 06, 2008 6:16 am
Forum: Personal Investments
Topic: Need Help Easing Into Bond
Replies: 21
Views: 4699

Also, FTSE has a higher percentage of qualified dividend income, worth depending on bracket about 0.05% a year. Its biggest advantage over total international is that it won't distribute large CG when countries migrate from emerging to developed markets. That in a taxable account is worth the purcha...
by Greenberry
Sun Apr 06, 2008 5:48 am
Forum: Personal Investments
Topic: Please Critique 26 Year Old's Retirement Portfolio
Replies: 5
Views: 2598

If you want REIT and small value, piperwarrior's suggestion makes sense. If not, your original portfolio is great. One small change would be to use Total International Index inside the Roth instead of FTSE -- slightly less expensive without a purchase fee.
by Greenberry
Sun Apr 06, 2008 5:34 am
Forum: Personal Investments
Topic: Wash Sale Rule Question
Replies: 34
Views: 6736

larmewar, you do have control over the purchases in the IRA because you enabled dividend reinvestment. In the future, you might want to turn that off for 30 days after you tax loss harvest, or avoid TLH for the 30 days before distributions occur. kent, if you're talking solely about taxable accounts...
by Greenberry
Fri Apr 04, 2008 11:20 am
Forum: Investing - Theory, News & General
Topic: "Asset Location for Taxable Investors"
Replies: 25
Views: 6812

The recommendations presented here are excellent and appropriate. My question is what do you do if you have already invested a large amount in actively managed funds in a taxable account, and these funds have appreciated significantly, thus liquidating to place in a tax deferred account would trigg...
by Greenberry
Wed Apr 02, 2008 9:15 pm
Forum: Investing - Theory, News & General
Topic: Vanguard to offer global equity ETF
Replies: 51
Views: 15897

I actually prefer having separate funds for US and international -- not because of rebalancing issues that ddb mentioned -- but because the tax implications are different between domestic and foreign investments when held in IRAs/401ks. It makes sense to hold as much of your foreign equity in taxabl...
by Greenberry
Wed Apr 02, 2008 9:03 pm
Forum: Personal Investments
Topic: Blank slate portfolio - suggestions?
Replies: 8
Views: 1544

Re: Blank slate portfolio - suggestions?

How about filling every account with Target Retirement 2020? It has 29.4% in bonds. Don't be misled by 2020. You do not have to retire around 2020. You just have to pick a Target Retirement fund that matches your asset allocation. For some reason, I also have an aversion to those "Target"...
by Greenberry
Wed Apr 02, 2008 8:47 pm
Forum: Personal Investments
Topic: target retirement funds vs. setting up own allocations
Replies: 6
Views: 1970

If you don't have a taxable investing account and have access to Vanguard's Target Retirement funds in each of your other accounts, then absolutely going with Target Retirement in all of your accounts would make a lot of sense. Simple and low-cost -- great option.