Search found 2845 matches

by G-Money
Wed Jun 13, 2018 9:08 am
Forum: Personal Finance (Not Investing)
Topic: COBRA Experts Needed: Newborn Coverage
Replies: 11
Views: 1120

Re: COBRA Experts Needed: Newborn Coverage

Pajamas wrote:
Tue Jun 12, 2018 9:10 pm
Yes, no penalty if you are not covered for one or two months.

https://www.healthcare.gov/health-cover ... m-the-fee/
Thanks!
by G-Money
Tue Jun 12, 2018 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: COBRA Experts Needed: Newborn Coverage
Replies: 11
Views: 1120

Re: COBRA Experts Needed: Newborn Coverage

Thanks BeneIRA! Good catch regarding the possibility of the deductible resetting. I’ll look into it to see what my plan says. Thanks also for clarifying the rules regarding social security numbers. What you should do if you are concerned with coverage at your new employer: Wait until five or so days...
by G-Money
Tue Jun 12, 2018 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: COBRA Experts Needed: Newborn Coverage
Replies: 11
Views: 1120

COBRA Experts Needed: Newborn Coverage

I will be leaving my current job at the end of the month. Health insurance at my new employer begins on the 31st day of employment. We’re expecting a baby in mid-July. Spouse and children are and will be covered under my health insurance policy. What I think I know: Coverage under COBRA can be elect...
by G-Money
Fri Mar 23, 2018 2:44 pm
Forum: Investing - Help with Personal Investments
Topic: Spousal Roth or Traditional IRA - 2017 & 2018
Replies: 23
Views: 1316

Re: Spousal Roth or Traditional IRA - 2017 & 2018

Thank you. You’re right, that in the 20-22% range, the consequences of making the “wrong” choice won’t be severe. At this point, I’m inclined to contribute to Traditional for the portion of 2017’s income in the 30% bracket, then immediately convert that portion to Roth in the 22% bracket. Seeing tha...
by G-Money
Fri Mar 23, 2018 1:58 pm
Forum: Investing - Help with Personal Investments
Topic: Spousal Roth or Traditional IRA - 2017 & 2018
Replies: 23
Views: 1316

Re: Spousal Roth or Traditional IRA - 2017 & 2018

Are the 2017 numbers correct? $54,500 is a lot of itemized deductions and personal exemptions. Plausible if you have a bunch of kids Bingo. Also bunched deductions in 2017 after the tax reform passed. The 2017 numbers were pulled from my draft 1040. It would take ~$1 million traditional balance to ...
by G-Money
Fri Mar 23, 2018 10:17 am
Forum: Investing - Help with Personal Investments
Topic: Spousal Roth or Traditional IRA - 2017 & 2018
Replies: 23
Views: 1316

Re: Spousal Roth or Traditional IRA - 2017 & 2018

I suggest traditional deductible IRA contributions. Thanks. May I ask why? 1) Traditional contributions will ordinarily be better for most people, because of the of the effect of progressive nature of the tax code at the time of withdrawal. Please Google the TFB blog post "The Case Against Roth 401...
by G-Money
Fri Mar 23, 2018 9:28 am
Forum: Investing - Help with Personal Investments
Topic: Spousal Roth or Traditional IRA - 2017 & 2018
Replies: 23
Views: 1316

Re: Spousal Roth or Traditional IRA - 2017 & 2018

If wife doesn't already have Traditional account, use Roth for 2017 and 2018. If she has an existing Traditional account, Traditional for 2017 and Roth for 2018. Spouse does not yet have Traditional. Is your rationale to just keep things simple? Yes. It's a bit of a coin flip on whether to go Roth ...
by G-Money
Fri Mar 23, 2018 9:01 am
Forum: Investing - Help with Personal Investments
Topic: Spousal Roth or Traditional IRA - 2017 & 2018
Replies: 23
Views: 1316

Re: Spousal Roth or Traditional IRA - 2017 & 2018

ruralavalon wrote:
Fri Mar 23, 2018 8:28 am
I suggest traditional deductible IRA contributions.
Thanks. May I ask why?
by G-Money
Fri Mar 23, 2018 9:00 am
Forum: Investing - Help with Personal Investments
Topic: Spousal Roth or Traditional IRA - 2017 & 2018
Replies: 23
Views: 1316

Re: Spousal Roth or Traditional IRA - 2017 & 2018

I would take do Roth for both 2017 and 2018. Given you are planning to work for 30 years and you max your 401k, you're pretax account will eventually catch up and surpass your Roth accounts. Roth will give you more flexibility for a traditional retirement age (no RMDs). Thanks. I’ve run some very r...
by G-Money
Fri Mar 23, 2018 8:53 am
Forum: Investing - Help with Personal Investments
Topic: Spousal Roth or Traditional IRA - 2017 & 2018
Replies: 23
Views: 1316

Re: Spousal Roth or Traditional IRA - 2017 & 2018

See wiki on traditional vs Roth if you haven't already. This is mainly tax arbitrage and depends on your predictions for your future tax situation. Personally I'd do traditional at the 30% marginal rate and probably Roth at 20/22%, but your situation may be different. (Roth at 20/22% could still be...
by G-Money
Fri Mar 23, 2018 8:35 am
Forum: Investing - Help with Personal Investments
Topic: Spousal Roth or Traditional IRA - 2017 & 2018
Replies: 23
Views: 1316

Re: Spousal Roth or Traditional IRA - 2017 & 2018

rkhusky wrote:
Fri Mar 23, 2018 6:57 am
If wife doesn't already have Traditional account, use Roth for 2017 and 2018. If she has an existing Traditional account, Traditional for 2017 and Roth for 2018.
Spouse does not yet have Traditional. Is your rationale to just keep things simple?
by G-Money
Fri Mar 23, 2018 5:30 am
Forum: Investing - Help with Personal Investments
Topic: Spousal Roth or Traditional IRA - 2017 & 2018
Replies: 23
Views: 1316

Re: Spousal Roth or Traditional IRA - 2017 & 2018

FiveK wrote:
Thu Mar 22, 2018 10:35 pm
Are the 2017 numbers correct? $54,500 is a lot of itemized deductions and personal exemptions. Plausible if you have a bunch of kids
Bingo. Also bunched deductions in 2017 after the tax reform passed. The 2017 numbers were pulled from my draft 1040.
by G-Money
Thu Mar 22, 2018 9:54 am
Forum: Investing - Help with Personal Investments
Topic: Spousal Roth or Traditional IRA - 2017 & 2018
Replies: 23
Views: 1316

Spousal Roth or Traditional IRA - 2017 & 2018

Need to decide whether spouse’s IRA contributions for 2017 and 2018 should go to Roth or Traditional. Her contribution to Traditional IRA would be fully deductible. Numbers below are before any Traditional IRA contributions. I am ignoring state taxes because both Roth and Traditional IRAs are treate...
by G-Money
Sun Mar 29, 2015 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: I'm thinking about making very large 529 contributions ASAP
Replies: 76
Views: 8712

Re: I'm thinking about making very large 529 contributions A

boglewannabe, Be careful with grandparent 529s. You should only use them for the last year of each child's college education. See here: http://www.savingforcollege.com/grandparents/answer.php?grandparent_faq_id=10 Ok then, thanks - I read that and it looks like we should put 1 year estimated tuitio...
by G-Money
Sun Mar 29, 2015 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: I'm thinking about making very large 529 contributions ASAP
Replies: 76
Views: 8712

Re: I'm thinking about making very large 529 contributions A

boglewannabe,

Be careful with grandparent 529s. You should only use them for the last year of each child's college education. See here: http://www.savingforcollege.com/grandpa ... _faq_id=10
by G-Money
Sat Mar 28, 2015 4:27 am
Forum: Investing - Theory, News & General
Topic: Vanguard FTSE All-World ex-US Small-Cap ETF
Replies: 20
Views: 4996

Re: Vanguard FTSE All-World ex-US Small-Cap ETF

jd88, The most recent example is the Vanguard Global ex-US Real Estate Index Fund. It has total assets of $3.0 billion, with about $2.5 billion in the ETF share class. It added an Admiral Share class last February. In comparison, Vanguard's All-World ex-US Small Cap Index Fund has total assets of ab...
by G-Money
Wed Mar 25, 2015 10:33 am
Forum: Investing - Theory, News & General
Topic: U.S. cash pouring into international
Replies: 23
Views: 3251

Re: U.S. cash pouring into international

Must be Vanguard's move from 30% to 40% international in its TargetRetirement and LifeStrategy funds. :P
by G-Money
Sun Mar 22, 2015 6:15 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Ex-US Small Cap Value Petition
Replies: 24
Views: 4582

Re: Vanguard Ex-US Small Cap Value Petition

Given the relative lack of demand for VSS (<$3 billion, compared to >$15 billion for VBR), I wouldn't hold my breath.
by G-Money
Sun Mar 22, 2015 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Now? PenFed ARM?
Replies: 9
Views: 1673

Re: Refinance Now? PenFed ARM?

PenFed's 5/5 ARM used to be a popular option in part because it charged no closing costs. That no longer appears to be the case, although the origination fee is still waived for that loan. To figure out if it's a good deal, you'll need to compare the interest you'll pay with your current loan over t...
by G-Money
Mon Mar 16, 2015 11:12 am
Forum: Investing - Help with Personal Investments
Topic: Help: iShares lists different holdings for same ETF (AOR)
Replies: 5
Views: 1225

Re: Help: iShares lists different holdings for same ETF (AOR

I think you're right. But that's a pretty big jump in 2 weeks.

I don't see any announcement of a shift in policy for the fund. Will keep an eye on this fund for a while before jumping in to see how much it shifts around.
by G-Money
Mon Mar 16, 2015 7:05 am
Forum: Investing - Help with Personal Investments
Topic: Help: iShares lists different holdings for same ETF (AOR)
Replies: 5
Views: 1225

Help: iShares lists different holdings for same ETF (AOR)

I am considering moving all of my household's retirement investments to all-in-one funds (i.e., Target Retirement- or LifeStrategy-type funds). Everything is in tax sheltered accounts. My 401k only has high expense funds, but it has a free brokerage window at TDAmeritrade, which offers 100 commissio...
by G-Money
Sat Feb 14, 2015 11:30 pm
Forum: Investing - Help with Personal Investments
Topic: Just no petroleum or defense?
Replies: 49
Views: 4977

Re: Just no petroleum or defense?

I also don't generally believe socially responsible investing works in practice, although it is a nice idea in theory. If you're committed to doing it, perhaps consider a separately managed account? I would imagine this would give you some measure of control to tailor your investments in a fashion t...
by G-Money
Wed Jan 28, 2015 2:01 pm
Forum: Investing - Help with Personal Investments
Topic: Roth vs. Traditional 401K - with a twist
Replies: 18
Views: 1570

Re: Roth vs. Traditional 401K - with a twist

While your city/state tax brackets may not change, the contributions to Roth 401k are subject to those state/city taxes. If you contribute to Traditional 401k, those contributions would not be taxed by Fed, State or city. That's a substantial tax benefit that comes off the top of income stack. Not ...
by G-Money
Tue Jan 06, 2015 5:52 pm
Forum: Investing - Theory, News & General
Topic: Was it a mistake to move into PenFed 5-year CDs a year ago?
Replies: 55
Views: 7571

Re: Was it a mistake to move into PenFed 5-year CDs a year a

Nope. I still have 4 and 6 years left to see if it was a mistake. I like my chances.
by G-Money
Tue Dec 30, 2014 7:22 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Expenses
Replies: 29
Views: 4210

Re: Vanguard Expenses

A few thoughts. 1. The expense ratio is not a wholly arbitrary number that a fund company decides to charge. It is a ratio derived by dividing certain expenses incurred over the course of a year by the net assets under management on a particular date. It is backward looking, and, to my knowledge, it...
by G-Money
Tue Dec 23, 2014 4:29 am
Forum: Investing - Theory, News & General
Topic: vanguard international bond fund
Replies: 22
Views: 6117

Re: vanguard international bond fund

I recently read a Vanguard article that basically said Yes international bonds have longer duration and lower yield but that doesn't mean they are a bad investment now and that duration isn't all its cracked up to be. Did any one read that article? any thoughts about it? I think this is the article...
by G-Money
Thu Nov 20, 2014 4:07 pm
Forum: Investing - Help with Personal Investments
Topic: Rick Ferri 60/40 portfolio
Replies: 18
Views: 6051

Re: Rick Ferri 60/40 portfolio

My guess is that you read an older copy of his Asset Allocation book. Back then EAFE and were separate funds for instance. Now days, Vanguard and others have combined things to make things much simpler. So for instance, a nearly identical portfolio today on the equity side might simply be: 30% VTSA...
by G-Money
Wed Nov 12, 2014 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: 30% In International Stocks?
Replies: 59
Views: 10289

Re: 30% In International Stocks?

The median Boglehead that responds to these polls has right around 30% of equity (not portfolio) in international: http://www.bogleheads.org/forum/viewtopic.php?f=1&t=121863&p=1783030 (Aug 2013) http://www.bogleheads.org/forum/viewtopic.php?f=10&t=103617 (Oct 2012) http://www.bogleheads.org/forum/vi...
by G-Money
Wed Oct 29, 2014 9:42 am
Forum: Personal Consumer Issues
Topic: Trade in a 2012 Cruze w/ 58k miles for an 05 Z71 Tahoe 182k
Replies: 16
Views: 1486

Re: Trade in a 2012 Cruze w/ 58k miles for an 05 Z71 Tahoe 1

I'm not much of a "car guy," but I can't imagine wanting to trade in a reliable but too-small car that's 2 years old with <60k miles for a 10-year old car with nearly 200k miles on it. How long do you expect the Tahoe to last? I would expect cars that age with that many miles are due for lots of mai...
by G-Money
Tue Oct 21, 2014 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Employer Reimbursing Health Insurance Premiums - Taxable???
Replies: 12
Views: 1337

Re: Employer Reimbursing Health Insurance Premiums - Taxable

I have individual health insurance that is medically underwritten. It is considered a "grandfathered plan" under the ACA. My employer has been reimbursing me for the premiums of this plan. Historically, this was done pre-tax. The premium reimbursements were not disclosed on my w-2. My employer rece...
by G-Money
Tue Oct 21, 2014 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Employer Reimbursing Health Insurance Premiums - Taxable???
Replies: 12
Views: 1337

Re: Employer Reimbursing Health Insurance Premiums - Taxable

It seems that the rules don't apply to plans with fewer than two active employees: " In accordance with Code § 9831(a)(2) and ERISA § 732(a), the market reforms do not apply to a group health plan that has fewer than two participants who are current employees on the first day of the plan year" (fro...
by G-Money
Tue Oct 21, 2014 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Employer Reimbursing Health Insurance Premiums - Taxable???
Replies: 12
Views: 1337

Re: Employer Reimbursing Health Insurance Premiums - Taxable

pshonore wrote:More info if you're an active employee:

https://news.leavitt.com/health-care-re ... rohibited/
Thanks. No mention of grandfathered individual market plans, but perhaps that's intentional.
by G-Money
Tue Oct 21, 2014 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Employer Reimbursing Health Insurance Premiums - Taxable???
Replies: 12
Views: 1337

Re: Employer Reimbursing Health Insurance Premiums - Taxable

From that same article: "IRS on its website said if an employer pays the cost of an accident or health insurance plan — outside payment from a retirement plan — for employees and their spouse and dependents, the payments are not wages and are not subject to Social Security; Medicare; or federal une...
by G-Money
Tue Oct 21, 2014 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Employer Reimbursing Health Insurance Premiums - Taxable???
Replies: 12
Views: 1337

Re: Employer Reimbursing Health Insurance Premiums - Taxable

When I looked into this as an employer, I came to the same conclusion, that it is taxable income. Remember, this costs the employer more (as well as costing you more), so it is not something he wants any more than you do. There may be workarounds (eg cafeteria plans), but that is beyond me. Thanks ...
by G-Money
Tue Oct 21, 2014 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Employer Reimbursing Health Insurance Premiums - Taxable???
Replies: 12
Views: 1337

Employer Reimbursing Health Insurance Premiums - Taxable???

I have individual health insurance that is medically underwritten. It is considered a "grandfathered plan" under the ACA. My employer has been reimbursing me for the premiums of this plan. Historically, this was done pre-tax. The premium reimbursements were not disclosed on my w-2. My employer recen...
by G-Money
Mon Oct 20, 2014 6:13 am
Forum: Investing - Help with Personal Investments
Topic: Dumb CD question
Replies: 10
Views: 1147

Re: Dumb CD question

Call_Me_Op wrote:Interestingly, my credit union offers a 5 year CD with no early withdrawal penalty.
That is interesting. Are you sure that CU allows early redemptions?
by G-Money
Mon Oct 20, 2014 6:11 am
Forum: Investing - Help with Personal Investments
Topic: Dumb CD question
Replies: 10
Views: 1147

Re: Dumb CD question

If your holding period was 21 months, you'd come out ahead using the 21 month CD and not the 34 or 60 month. I use the spreadsheet at the bottom of this wiki page to run the math. http://www.bogleheads.org/wiki/Comparing_CDs
by G-Money
Thu Oct 16, 2014 2:04 pm
Forum: Investing - Help with Personal Investments
Topic: TBM too much treasury?
Replies: 67
Views: 7414

Re: TBM too much treasury?

Look past that single sentence in the Bogleheads philosophy. We have a bigger tent here than that. You can overweight asset classes (think the many threads on tilting and slice-and-dice) or shun them altogether (not just HY; a non-negligible portion don't even invest in international equities, and ...
by G-Money
Thu Oct 16, 2014 1:47 pm
Forum: Investing - Help with Personal Investments
Topic: TBM too much treasury?
Replies: 67
Views: 7414

Re: TBM too much treasury?

As a thought experiment, I am curious what a 'Total Capital Market' fund would look like. A fund that holds stocks (common and preferred; domestic and international) and bonds (government and corporate; safe and junk; domestic and international) in their proportion to total market capitalization. F...
by G-Money
Thu Oct 16, 2014 1:46 pm
Forum: Investing - Help with Personal Investments
Topic: TBM too much treasury?
Replies: 67
Views: 7414

Re: TBM too much treasury?

Fair enough, you can exclude any sector of any market from your portfolio for any reason you wish. I could exclude railroad companies from my portfolio because I don't like trains, but my reason would not be based on Boglehead principles. The difference is I quoted language from the Boglehead Wiki ...
by G-Money
Thu Oct 16, 2014 1:08 pm
Forum: Investing - Help with Personal Investments
Topic: TBM too much treasury?
Replies: 67
Views: 7414

Re: TBM too much treasury?

Thus, if the overall bond market allocates some value to high yield bonds, why are Bogleheads "trying to pick the specific securities or sectors of the market" by excluding the bond market allocation to high yield bonds? In addition to the reasons eloquently stated by ogd, I would also suggest beca...
by G-Money
Thu Oct 16, 2014 12:55 pm
Forum: Investing - Help with Personal Investments
Topic: TBM too much treasury?
Replies: 67
Views: 7414

Re: TBM too much treasury?

Thus, if the overall bond market allocates some value to high yield bonds, why are Bogleheads "trying to pick the specific securities or sectors of the market" by excluding the bond market allocation to high yield bonds? In addition to the reasons eloquently stated by ogd, I would also suggest beca...
by G-Money
Tue Oct 14, 2014 9:36 am
Forum: Investing - Help with Personal Investments
Topic: Any reason not to buy the International Bond Index Fund?
Replies: 15
Views: 4047

Re: Any reason not to buy the International Bond Index Fund?

On the other hand, I don't think an allocation to VTABX will result in any great harm, either.
by G-Money
Tue Oct 14, 2014 9:35 am
Forum: Investing - Help with Personal Investments
Topic: Any reason not to buy the International Bond Index Fund?
Replies: 15
Views: 4047

Re: Any reason not to buy the International Bond Index Fund?

Higher fees, higher risk, questionable benefit. That's my reasoning, too. VTABX (Total International Bond Admiral) has a higher ER, lower credit quality, and longer average duration than VBTLX (Total Bond Admiral). But there yield is nearly 100 bp lower than VBTLX. So VTABX offers more risk than VB...
by G-Money
Mon Aug 25, 2014 5:39 pm
Forum: Investing - Theory, News & General
Topic: Vanguard sued for [failing to charge market rates to and then paying taxes on services to its mutual funds]
Replies: 806
Views: 148671

Re: Vanguard sued for charging too little

G-Money, what is your opinion on this lawsuit? Do you think the client-ownership structure is at risk? I don't have an opinion. Not a corporate/tax attorney, so really have no idea what the issues are and whether there's any merit to the claim. Not following the case with great interest; just happe...
by G-Money
Mon Aug 25, 2014 4:51 pm
Forum: Investing - Theory, News & General
Topic: Vanguard sued for [failing to charge market rates to and then paying taxes on services to its mutual funds]
Replies: 806
Views: 148671

Re: Vanguard sued for charging too little

"Danon left Sullivan & Cromwell after four years, then worked at three other Wall Street firms over the next six years. Such firm-hopping at big law shops, Colon says, is common" I wonder if "firm-hopping" is actually that common. Three firms in six years? Yes, it is. Particularly for associates in...
by G-Money
Mon Aug 25, 2014 4:44 pm
Forum: Investing - Theory, News & General
Topic: Vanguard sued for [failing to charge market rates to and then paying taxes on services to its mutual funds]
Replies: 806
Views: 148671

Re: Vanguard sued for charging too little

Danon has let his bar association memberships lapse... Whoa. Why did he do that? My guess is the rest of the sentence answers the question: . . . and he said he didn't expect to work as a corporate tax lawyer again. Was he expecting the bar association to begin disciplinary action against him, and ...