Search found 946 matches

by SpaceCowboy
Mon Feb 22, 2021 4:58 am
Forum: Investing - Theory, News & General
Topic: Margin loan for cash flow
Replies: 44
Views: 3023

Re: Margin loan for cash flow

Dern tootin' you can die with a margin loan if you like. Your estate will pay it off and yer stepped up basis means you don't owe no stinkin' capital gains. And you don't have to make no stinkin' payments so long as you meet the cotton pickin' maintenance margin. Some people do this, I reckon. +1 f...
by SpaceCowboy
Mon Feb 22, 2021 4:39 am
Forum: Personal Finance (Not Investing)
Topic: Report 1099-G WA Family Leave? No clear guidance
Replies: 5
Views: 361

Re: Report 1099-G WA Family Leave? No clear guidance

Why would it be tax free? If you're getting a 1099, the IRS is getting it too and will expect to see the income reported.
Disclaimer: I know nothing about this particular benefit.
I did find this:
https://www.cpapracticeadvisor.com/payr ... ve-taxable
by SpaceCowboy
Sat Feb 20, 2021 10:40 am
Forum: Investing - Theory, News & General
Topic: Hope you weren't born in 1960
Replies: 70
Views: 12468

Re: Social Security Born in 1960 Notch

CBO released an update on the expected decline in AWI, which projected a 0.5% decline. That seems to be an underestimate to me. How did you determine that the CBO's current numbers are an underestimate? There’s been a large loss of lower paid jobs in the economy. Lower paid jobs have not recovered ...
by SpaceCowboy
Sat Feb 20, 2021 1:56 am
Forum: Investing - Theory, News & General
Topic: Hope you weren't born in 1960
Replies: 70
Views: 12468

Social Security Born in 1960 Notch

[Thread merged into here --admin LadyGeek] Those of us born in 1960 will potentially see a lifetime reduction in benefits. This was discussed in this thread https://www.bogleheads.org/forum/viewtopic.php?f=10&t=311036&start=50 CBO released an update on the expected decline in AWI, which pro...
by SpaceCowboy
Sat Feb 20, 2021 1:47 am
Forum: Personal Investments
Topic: Any experience with Toyota Income Driver Notes?
Replies: 14
Views: 2202

Re: Any experience with Toyota Income Driver Notes?

I just signed up for these. I’m currently using MBFS Demand Notes, but their interest rate has steadily declined to 1.10% now. Thus, the Toyota ones are a much better deal at 1.50%.
I’m wondering why I never heard about them before. Saw them on the ER Forum too.
by SpaceCowboy
Mon Feb 01, 2021 2:31 pm
Forum: Personal Investments
Topic: What happens after a merger?
Replies: 4
Views: 275

Re: What happens after a merger?

Looks like a small deal. It's probably all cash. Root 9B's website has already disappeared and links to Deloitte's. He'll probably get 7 cents a share, which is approximately the current price.
by SpaceCowboy
Mon Feb 01, 2021 2:26 pm
Forum: Personal Investments
Topic: What happens after a merger?
Replies: 4
Views: 275

Re: What happens after a merger?

It is an automatic process. Depending on the deal, it may require a vote of the shareholders. If your son does nothing, and the deal closes, he will be given the consideration for his RTNB shares in his account, either cash, shares in Newco or some combination.
by SpaceCowboy
Mon Feb 01, 2021 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Statement Availability
Replies: 2
Views: 304

Vanguard Statement Availability

I don’t understand when statements from Vanguard are available. Today is 2/1 and I’m trying to download January statements. For some reason the statements for my personal accounts are not available, but statements for a charity that I help with investments are. Weird!
by SpaceCowboy
Tue Jan 26, 2021 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: 2nd draw PPP loan - Already received 1st draw
Replies: 5
Views: 388

Re: 2nd draw PPP loan - Already received 1st draw

Yes. If you had a 25% drop in any quarter, example April-June between 2019 & 2020.
by SpaceCowboy
Sun Jan 24, 2021 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Brokerage promotion
Replies: 2
Views: 267

Re: Brokerage promotion

The ACAT transfer system used by the brokerage industry is very safe and used routinely to process large amounts.
by SpaceCowboy
Mon Jan 18, 2021 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Sole proprietor. Generating 1099-misc for my income
Replies: 26
Views: 1571

Re: Sole proprietor. Generating 1099-misc for my income

Glad that it worked well for your wife. Thanks for the response. Insurance companies and leftover amounts directly by patients are paid as the income for my sole proprietorship business. This is the first year so I honestly don’t know how it is supposed to work. Would the insurance companies send a...
by SpaceCowboy
Sun Jan 17, 2021 1:40 am
Forum: Personal Finance (Not Investing)
Topic: For those retired or FI, how much do you spend annually?
Replies: 112
Views: 10705

Re: For those retired or FI, how much do you spend annually?

@SpaceCowboy It does matter where you live. I have a very nice house that runs about $6K a year in property tax. High end insurance runs about $5K (Car, umbrella and house but not including healthcare). Healthcare would be about $24K unless I qualified for ACA in which case it would be a lot less. ...
by SpaceCowboy
Sun Jan 17, 2021 1:14 am
Forum: Personal Finance (Not Investing)
Topic: For those retired or FI, how much do you spend annually?
Replies: 112
Views: 10705

Re: For those retired or FI, how much do you spend annually?

When I read these threads, I just don’t understand how people live on such tight budgets. Granted I live in a HCOL area, SoCal, in a nice suburb, but if I just look at insurance costs (health, house, car, earthquake, umbrella) and property taxes, that adds up to over $40k annually. That’s without fo...
by SpaceCowboy
Thu Jan 14, 2021 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Self employed for half the year... trying to figure out taxes
Replies: 15
Views: 608

Re: Self employed for half the year... trying to figure out taxes

*Edit: I guess my main question is whether or not I can still deduct expenses for my half year self-employment income (IRA contributions seem to be useless given my income amount last year). I spent quite a lot of it on office expenses, as well as a new mortgage. I want to be saving as much as poss...
by SpaceCowboy
Thu Jan 14, 2021 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Self employed for half the year... trying to figure out taxes
Replies: 15
Views: 608

Re: Self employed for half the year... trying to figure out taxes

go_mets wrote: Thu Jan 14, 2021 3:30 pm Not too late to contribute to solo401k where you can save a lot more.
https://www.mysolo401k.net/solo-401k/so ... and-types/
I believe the solo 401(k) needed to be setup before the end of the year. Contributions can be made until you file taxes.
by SpaceCowboy
Wed Jan 13, 2021 5:10 pm
Forum: Investing - Theory, News & General
Topic: Safe Withdrawal Rates For Elderly >95
Replies: 23
Views: 1909

Re: Safe Withdrawal Rates For Elderly >95

In my particular case, I'm more concerned about the tax deductibility of the home health aides for the purposes of NYS and NYC taxes. Don't know if they differ, but it's something to consider.
by SpaceCowboy
Wed Jan 13, 2021 3:29 pm
Forum: Investing - Theory, News & General
Topic: Safe Withdrawal Rates For Elderly >95
Replies: 23
Views: 1909

Re: Safe Withdrawal Rates For Elderly >95

Living 10 more years is definitely unlikely, but it's not inconceivable: almost 10% of people who are alive at age 95 survive another 10 years. I wonder what the stat is for people who have entered the phase where they require 24/7 care. Personally, I just don’t know anyone with a family member who...
by SpaceCowboy
Wed Jan 13, 2021 3:25 pm
Forum: Investing - Theory, News & General
Topic: Safe Withdrawal Rates For Elderly >95
Replies: 23
Views: 1909

Re: Safe Withdrawal Rates For Elderly >95

I’m trying to avoid the tax issue because of the future step-up in basis. Okay. But that has absolutely nothing to do with a safe withdrawal rate. Agreed. It’s more my reluctance to sell equities with built-in gains and thus recognize an expense that may not be necessary. I’ve almost sold all the f...
by SpaceCowboy
Wed Jan 13, 2021 2:12 pm
Forum: Investing - Theory, News & General
Topic: Safe Withdrawal Rates For Elderly >95
Replies: 23
Views: 1909

Re: Safe Withdrawal Rates For Elderly >95

The concept of safe withdrawal rates is nonsensical if you are over age 70 because annuities significantly outperform stocks/bonds by that age. See aacalc.com/docs/when_to_annuitize for calculation details. I didn't think you could buy an annuity at anywhere near age 95+? Although I never understoo...
by SpaceCowboy
Wed Jan 13, 2021 2:08 pm
Forum: Investing - Theory, News & General
Topic: Safe Withdrawal Rates For Elderly >95
Replies: 23
Views: 1909

Re: Safe Withdrawal Rates For Elderly >95

If you look at the current IRS RMD table, with a new table effective in 2022 based on longer life expectancies, below are the 2021 RMD numbers based on age: -95. 11.05% -96. 12.34% -97. 13.16% -98. 14.08% -99. 14.93% -100 15.87% Maybe this may give you a guideline of reasonable distributions based ...
by SpaceCowboy
Wed Jan 13, 2021 4:53 am
Forum: Personal Finance (Not Investing)
Topic: Offshore Bank Account?
Replies: 33
Views: 4134

Re: Offshore Bank Account?

The last time I looked into this, I concluded that Singapore was a good jurisdiction to open an account in. They had a strong legal system, strong bank privacy laws and let US citizens open accounts, both banking and investment. I don't believe this has changed. My motivations were both diversificat...
by SpaceCowboy
Wed Jan 13, 2021 4:42 am
Forum: Investing - Theory, News & General
Topic: Safe Withdrawal Rates For Elderly >95
Replies: 23
Views: 1909

Safe Withdrawal Rates For Elderly >95

I have an elderly parent and am using withdrawals from their portfolio to fund their expenses. What do people consider to be a "safe" withdrawal for someone who is quite elderly (95-100)? The expenses for 24x7 care are quite high. Fortunately Mr. Market has been good. I've also been reluct...
by SpaceCowboy
Tue Jan 05, 2021 8:35 pm
Forum: Personal Investments
Topic: 401k Stable value fund questions
Replies: 13
Views: 1080

Re: 401k Stable value fund questions

I doubt that it is your own company’s debt. Insurance companies usually provide the stable value wrapper for these funds. It’s much less volatile/risky than an intermediate fund. Unless you chose a fund with only US government debt, it also has less default risk. I use stable value, CDs and TIPS for...
by SpaceCowboy
Tue Jan 05, 2021 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard nightmare [Can't contact Vanguard - Trust taxes coming due]
Replies: 16
Views: 1954

Re: Vanguard nightmare [Can't contact Vanguard - Trust taxes coming due]

Vanguard is notoriously bad at recognizing trustees or POAs not designated on the firm’s paperwork. I ended up transferring my Mom’s account because of this.
I’d probably send paperwork express mail along with the instructions for the withdrawal.
Good luck.
by SpaceCowboy
Tue Jan 05, 2021 7:31 pm
Forum: Personal Investments
Topic: Use Donor Advised Fund or Traditional IRA?
Replies: 9
Views: 456

Re: Use Donor Advised Fund or Traditional IRA?

Gill wrote: Tue Jan 05, 2021 5:37 pm
FIREchief wrote: Tue Jan 05, 2021 5:26 pm
SpaceCowboy wrote: Tue Jan 05, 2021 5:03 pm If your RMDs cover your giving, then use those.
Why would you use the RMD instead of a QCD?
I believe he's saying use QCD's to the extent of your RMD.
Gill
That’s what I meant. Thanks for clarifying.
by SpaceCowboy
Tue Jan 05, 2021 5:03 pm
Forum: Personal Investments
Topic: Use Donor Advised Fund or Traditional IRA?
Replies: 9
Views: 456

Re: Use Donor Advised Fund or Traditional IRA?

If your RMDs cover your giving, then use those. However, if you’re using other funds for your charitable giving DAFs are great, especially during your accumulation years. They allow bunching of your charitable deductions by donating larger amounts in a single year into the DAF and then making the ac...
by SpaceCowboy
Sat Jan 02, 2021 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: MYGA under age 59.5 penalties
Replies: 8
Views: 569

Re: MYGA under age 59.5 penalties

I also believe you can avoid this by rolling into another MYGA at maturity until you reach 59.5. You might also be able to avoid it by using qualified (IRA or 401k) funds to buy it and roll the proceeds over into an IRA on maturity. I jumped on the MYGA bandwagon in 2019. Good CDs are non-existent r...
by SpaceCowboy
Sat Jan 02, 2021 4:13 pm
Forum: Investing - Theory, News & General
Topic: New "Bogleheads on Investing" podcast with estate expert Frazer Rice
Replies: 28
Views: 2361

Re: New "Bogleheads on Investing" podcast with estate expert Frazer Rice

The most interesting tidbit to me was that you could avoid state income taxes on trusts by having a trustee in a no income tax state. On researching it more, there are additional requirements that don't make it suitable for your standard living trust, but it sounds interesting for a high net worth i...
by SpaceCowboy
Tue Nov 03, 2020 8:34 pm
Forum: Investing - Theory, News & General
Topic: What Fixed Income Investment for Decent Yield
Replies: 9
Views: 930

Re: What Fixed Income Investment for Decent Yield

Surprised at your experience. The MYGA rates from high quality insurers I’ve seen are not much higher than the top 1 yr CD rates available on the market. I don’t consider them competitive given the liquidity penalty and minimal potential increase in yield. I would likely strongly prefer the stable ...
by SpaceCowboy
Tue Nov 03, 2020 8:28 pm
Forum: Investing - Theory, News & General
Topic: What Fixed Income Investment for Decent Yield
Replies: 9
Views: 930

Re: What Fixed Income Investment for Decent Yield

What's your opinion on corporate bonds? VTC has a 3.04% 30 day SEC Yield. https://investor.vanguard.com/etf/profile/overview/vtc SEC yield will continue to fall as higher yield bonds reach maturity and are replaced by new, lower rate bonds. I am holding a corporate bond fund and I have been watchin...
by SpaceCowboy
Tue Nov 03, 2020 5:04 pm
Forum: Investing - Theory, News & General
Topic: What Fixed Income Investment for Decent Yield
Replies: 9
Views: 930

What Fixed Income Investment for Decent Yield

I'm an early retiree and am struggling with where to invest the fixed income side of my portfolio. Since I retired 7 years ago, I've been a big fan of CDs. Have always been able to find special CD deals around 3%, but that is impossible now. Not a fan of total bond at current depressed yields. As my...
by SpaceCowboy
Fri Aug 07, 2020 4:17 am
Forum: Personal Finance (Not Investing)
Topic: Ally 1% bonus, up to $250, sign up by 3/23
Replies: 252
Views: 23980

Re: Ally 1% bonus, up to $250, sign up by 3/23

Unlike most people, Ally is refusing to pay me the $250 bonus. I did enroll in the promotion and received confirmation emails in March. No email in mid July. They say because I deposited the $25k into a CD titled in the name of my living trust, I’m not eligible. They claim Trust accounts are not eli...
by SpaceCowboy
Sat Jul 11, 2020 2:38 pm
Forum: Investing - Theory, News & General
Topic: New Stone Ridge interval funds, 1) bitcoin futures, 2) for 65-year-old women only (sort of)
Replies: 28
Views: 1994

Re: New Stone Ridge interval funds, 1) bitcoin futures, 2) for 65-year-old women only (sort of)

Nisi you’re correct there is a redemption price at death, so that your heirs get most of your investment back. There is a mechanism to return the residual value after 25 years to remaining living shareholders, but if the actuaries are right, i believe the predicted amount is $0. If the actuaries are...
by SpaceCowboy
Sat Jul 11, 2020 2:18 pm
Forum: Investing - Theory, News & General
Topic: Why [was] QSPIX steadily declining?
Replies: 172
Views: 19494

Re: Why [was] QSPIX steadily declining?

More important, QSPIX is not nearly big enough to be the market. Any investments it makes are made against the market overall, not just a small handful of people who pay attention to what Asness does. Huge amounts of money are bet every day, amplified by leverage and derivatives. Perhaps an activel...
by SpaceCowboy
Sat Jul 11, 2020 1:47 pm
Forum: Investing - Theory, News & General
Topic: New Stone Ridge interval funds, 1) bitcoin futures, 2) for 65-year-old women only (sort of)
Replies: 28
Views: 1994

Re: New Stone Ridge interval funds, 1) bitcoin futures, 2) for 65-year-old women only (sort of)

2.5% cumulative over a 25 year period is terrible. It’s not 2.5% annually for 25 years. Happy to take the opposite side of this bet. I’ll even agree to put it in a rolling treasury ladder so you have zero credit risk. I’ll take the reinvestment risk. So send me your $20 and I’ll send you a $1 per y...
by SpaceCowboy
Sat Jul 11, 2020 4:58 am
Forum: Investing - Theory, News & General
Topic: New Stone Ridge interval funds, 1) bitcoin futures, 2) for 65-year-old women only (sort of)
Replies: 28
Views: 1994

Re: New Stone Ridge interval funds, 1) bitcoin futures, 2) for 65-year-old women only (sort of)

I hate interval funds, because of the liquidity restrictions. However, the second fund is kind of interesting. Isn’t this basically trying to create a tontine, which would actually be a useful product. If the fees are less than a SPIA, it might be worth investigating. Understanding the disclaimer a...
by SpaceCowboy
Sat Jul 11, 2020 4:25 am
Forum: Investing - Theory, News & General
Topic: New Stone Ridge interval funds, 1) bitcoin futures, 2) for 65-year-old women only (sort of)
Replies: 28
Views: 1994

Re: New Stone Ridge interval funds, 1) bitcoin futures, 2) for 65-year-old women only (sort of)

I hate interval funds, because of the liquidity restrictions. However, the second fund is kind of interesting. Isn’t this basically trying to create a tontine, which would actually be a useful product. If the fees are less than a SPIA, it might be worth investigating. Understanding the disclaimer a...
by SpaceCowboy
Tue Jul 07, 2020 2:50 pm
Forum: Personal Investments
Topic: How much bid/ask spread on ETF is too much?
Replies: 14
Views: 736

Re: How much bid/ask spread on ETF is too much?

I did not know about VIOV until recently, so all my SCV is in IJS. I plan to TLH using IJS -> AVUV -> VIOV (final) when the time comes. SLYV is very tax inefficient. AVUV is also unknown in terms of tax efficiency, but my plan is to use that as a temporary TLH intermediate. SLYV, VIOV, and IJS all ...
by SpaceCowboy
Mon Jul 06, 2020 6:10 pm
Forum: Investing - Theory, News & General
Topic: New Stone Ridge interval funds, 1) bitcoin futures, 2) for 65-year-old women only (sort of)
Replies: 28
Views: 1994

Re: New Stone Ridge interval funds, 1) bitcoin futures, 2) for 65-year-old women only (sort of)

I simply report what I found at Stone Ridge Asset Management Funds , one under the "bitcoin futures" tab, one under the "LIFEX" tab. Background: Stone Ridge Asset Management offers a number of interval funds. Interval funds are not mutual funds. They occupy a middle ground betwe...
by SpaceCowboy
Mon Jul 06, 2020 5:29 pm
Forum: Investing - Theory, News & General
Topic: Why [was] QSPIX steadily declining?
Replies: 172
Views: 19494

Re: Why [was] QSPIX steadily declining?

So I just took a look at the monthly returns from the fund. In October 2018 the fund started going south. Since then there have been only 2 months with positive returns, January 2019 and September 2019. The last quarter has been particularly poor. In April, the fund suffered its largest monthly loss...
by SpaceCowboy
Sun Jul 05, 2020 4:30 pm
Forum: Investing - Theory, News & General
Topic: Why [was] QSPIX steadily declining?
Replies: 172
Views: 19494

Re: Why [was] QSPIX steadily declining?

AQR does a quarterly attribution analysis, but it is not publicly available. It's only available to RIAs. So any friendly financial advisors want to share?
by SpaceCowboy
Sun Jul 05, 2020 3:50 pm
Forum: Investing - Theory, News & General
Topic: Have Bogleheads soured on TIPS due to performance or structure?
Replies: 41
Views: 2621

Re: Have Bogleheads soured on TIPS due to performance or structure?

I have a TIPS ladder as a bridge to taking SS at age 70. Yields on TIPS have been too low to justify purchases in the last year. What are you buying instead of TIPS? Traditionally I was buying 5 year CD specials. All yielded 3%+. Since that's no longer true, I've bought a couple of MYGAs recently.
by SpaceCowboy
Sun Jul 05, 2020 2:42 pm
Forum: Investing - Theory, News & General
Topic: Have Bogleheads soured on TIPS due to performance or structure?
Replies: 41
Views: 2621

Re: Have Bogleheads soured on TIPS due to performance or structure?

I will add that the category of TIPS that Bogleheads seems to be least scared of are short-term TIPS, which make little sense for most investors. I've never understood the need for short term TIPS. One of the major risks to holding long term bonds is inflation and TIPS explicitly protects against t...
by SpaceCowboy
Sun Jul 05, 2020 1:55 pm
Forum: Investing - Theory, News & General
Topic: Blockchain: Disruption of Financial Intermediaries
Replies: 23
Views: 1902

Re: Blockchain: Disruption of Financial Intermediaries

To me the most obvious place where blockchain will make an impact is DTC. DTC keeps track of who owns each share or security. Seems to me that blockchain could essentially replace the current system at DTC and the members could just keep the ledger themselves.
by SpaceCowboy
Sun Jul 05, 2020 1:48 pm
Forum: Investing - Theory, News & General
Topic: Why [was] QSPIX steadily declining?
Replies: 172
Views: 19494

Re: Why [was] QSPIX steadily declining?

...As for recent performance, you'd have to ask someone who gets the attribution analysis updates but it surely has something to do with value underperformance as others have suggested. AQR chooses to list this fund among its "alternatives" fund, not among its "equities fund." (...
by SpaceCowboy
Sat Jul 04, 2020 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Best CD rates thread
Replies: 857
Views: 113439

Re: Best CD rates thread

Did anyone look at MYGAs? Recently there was a thread on this https://bogleheads.org/forum/viewtopic.php?p=5231074 CDs are guaranteed by FDIC (within limits), while admittedly there is no such guarantee for MYGAs. MYGAs may be covered by the state's insurance guaranty fund (less secure than FDIC fo...
by SpaceCowboy
Sat Jul 04, 2020 10:45 am
Forum: Investing - Theory, News & General
Topic: Why [was] QSPIX steadily declining?
Replies: 172
Views: 19494

Re: Why [was] QSPIX steadily declining?

Just resurrecting this for a minute. Didn't get an answer to my question, only a title change ("was" substituted to "is"). Looks like reinstating the original title is long overdue. :happy I haven’t seen the latest performance attribution reports, but I think value is still weig...
by SpaceCowboy
Sun Apr 19, 2020 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Anybody using a stock portfolio LOC?
Replies: 37
Views: 1727

Re: Anybody using a stock portfolio LOC?

I have one with Schwab. I use it for 1-2 days when I need to open a CD special or something similar. It comes with free wires, so that’s handy. You get a larger credit line than you would with a margin account. The interest is lower than a margin account unless you have a negotiated margin rate or u...
by SpaceCowboy
Sun Apr 19, 2020 6:26 pm
Forum: Investing - Theory, News & General
Topic: Are bonds broken right now, really?
Replies: 10
Views: 1682

Re: Are bonds broken right now, really?

That said, short- to intermediate-duration bonds would suffer less and recover faster if rates/inflation did go up. There are also alternatives including but not limited to high-yield savings, CDs, I Bonds, EE Bonds, etc... that aren't subject to price volatility. I must say that I’ve been able to ...
by SpaceCowboy
Thu Mar 19, 2020 4:41 pm
Forum: Investing - Theory, News & General
Topic: Interval Funds in this Crash LENDX
Replies: 1
Views: 233

Re: Interval Funds in this Crash LENDX

I saw in another thread that LENDX is having pretty good returns YTD. However, I don’t think this is real. The underlying loans are not really marked to market. As long as the payments are current, the loans will be carried at par. It’s only once they start to default that they will be marked down o...