Search found 40 matches

by lairdb
Wed Nov 13, 2019 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: Homeowner's: notice of non-renewal. Where/how to shop?
Replies: 41
Views: 5016

Re: Homeowner's: notice of non-renewal. Where/how to shop?

To wrap things up, worked with SelectQuote (agent was good and careful and high-service, if anybody wants a referral); wrote new policies for home, cars, and umbrella, with Travelers.

Thanks, all.
by lairdb
Fri Sep 13, 2019 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Homeowner's: notice of non-renewal. Where/how to shop?
Replies: 41
Views: 5016

Re: Homeowner's: notice of non-renewal. Where/how to shop?

I would consider self-insuring on the house -- but the liability does concern me. Statistics are one thing, but I don't want to be the black swan. Tail risk is real -- at least in my head. so you are making a decision emotionally and not thinking thro' it. What if the insurance company you choose g...
by lairdb
Sun Sep 08, 2019 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Homeowner's: notice of non-renewal. Where/how to shop?
Replies: 41
Views: 5016

Re: Homeowner's: notice of non-renewal. Where/how to shop?

Wow -- thanks to all for some good discussion. USAA and AMICA do not use independent agents. They have no agents, you deal direct. Right. The OP didn't list USAA or AMICA as their choices. I suggested another way to "shop". If you go to AMICA you will get an AMICA quote. That may be what they want. ...
by lairdb
Thu Sep 05, 2019 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: Homeowner's: notice of non-renewal. Where/how to shop?
Replies: 41
Views: 5016

Homeowner's: notice of non-renewal. Where/how to shop?

Twenty-two years ago (and single, and not paying as much attention as I do now, and etc.) I went with AAA for homeowners, because that's where my auto was. So far so good: no home claims; a few minor auto claims. They've dropped me due to their own reduced appetite for wildfires. (I'm not adjacent t...
by lairdb
Tue Aug 13, 2019 10:20 am
Forum: Personal Consumer Issues
Topic: Use "promo codes" to save money
Replies: 24
Views: 8901

Re: Use "promo codes" to save money

You may want to also consider the Honey extension for Chrome. It is helpful on certain sites, like Amazon (so browse to Amazon using the Bogleheads referral link, select your products, then at checkout, have Honey automatically check for coupon codes). http://joinhoney.com Sorry for bumping an old ...
by lairdb
Mon Jul 23, 2018 3:51 pm
Forum: Personal Investments
Topic: Switching from Total Market Fund to ETF
Replies: 4
Views: 634

Re: Switching from Total Market Fund to ETF

mega317 wrote:
Mon Jul 23, 2018 2:30 pm
Substantially similar is "not a thing" as the TV people say.
Correct and sorry -- meant to type "substantially identical".
by lairdb
Mon Jul 23, 2018 2:19 pm
Forum: Investing - Theory, News & General
Topic: Rebalancing in a taxable account isn't so simple
Replies: 77
Views: 15861

Re: Rebalancing in a taxable account isn't so simple

When you say "add muni bond funds, cash, CDs", that's new money and/or dividends, right? If your taxable equities have price appreciation that exceeds the new money and/or dividends for long enough to reach a rebalancing threshold, then you have the situation I'm talking about. Yes, but you just ke...
by lairdb
Mon Jul 23, 2018 2:11 pm
Forum: Personal Investments
Topic: Switching from Total Market Fund to ETF
Replies: 4
Views: 634

Re: Switching from Total Market Fund to ETF

Question for the tax nerds: Substantially similar? In other words, is this an (intentional) wash sale, requiring (allowing) OP to keep the original basis and date? I'd be inclined to think it's not, and therefore triggers a tax event. Would it be if they had the identical index, or the identical act...
by lairdb
Mon Jul 23, 2018 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Setting up dedicated computer for investment/finance
Replies: 12
Views: 2220

Re: Setting up dedicated computer for investment/finance

There was just another thread on someone using a Chromebook for just investments/finance. I am surprised at the number of people bringing this up/doing this. It strikes me as a bit paranoid. If you have the skills/knowledge to setup LInux, you should probably know how to avoid malware and viruses a...
by lairdb
Wed Nov 15, 2017 4:30 pm
Forum: Investing - Theory, News & General
Topic: Rebalancing in a taxable account isn't so simple
Replies: 77
Views: 15861

Re: Rebalancing in a taxable account isn't so simple

Sure. But while all of those people undoubtedly exist, they are unusual. My point is that most people, including most Bogleheads, have a profile of gradually increasing income with age, beginning at a level where they cannot max out tax-advantaged accounts, and ending with their highest investable ...
by lairdb
Wed Nov 15, 2017 3:40 pm
Forum: Investing - Theory, News & General
Topic: Rebalancing in a taxable account isn't so simple
Replies: 77
Views: 15861

Re: Rebalancing in a taxable account isn't so simple

Think about it - to be most likely to have this problem, three conflicting things need to be true: 1. Significant proportion of your investments in taxable, a situation usually caused by having too much investable income for your tax-advantaged accounts 2. Your investable income represents a small ...
by lairdb
Wed Nov 15, 2017 11:35 am
Forum: Investing - Theory, News & General
Topic: Rebalancing in a taxable account isn't so simple
Replies: 77
Views: 15861

Re: Rebalancing in a taxable account isn't so simple

Since my necropost actually found some interest, I'll tag a couple of threads where this has come up before, by egotistically quoting myself: https://www.bogleheads.org/forum/viewtopic.php?p=3357165#p3357165 [...] My sense is that very few people actually max their IRA's and employer plans. The thou...
by lairdb
Wed Nov 15, 2017 11:26 am
Forum: Investing - Theory, News & General
Topic: Rebalancing in a taxable account isn't so simple
Replies: 77
Views: 15861

Re: Rebalancing in a taxable account isn't so simple

I agree. AMT can also ensure that capital gains are taxed at a rate that makes rebalancing in taxable a bad idea - our effective marginal federal capital gains rate for 2016 was 25.8%. Delaying payment of capital gains tax can therefore create a lot of value, and this means avoiding the need to reb...
by lairdb
Tue Nov 14, 2017 8:26 pm
Forum: Investing - Theory, News & General
Topic: Rebalancing in a taxable account isn't so simple
Replies: 77
Views: 15861

Re: Rebalancing in a taxable account isn't so simple

I realize this is something of a necro-post, and probably no-one will see it, but this thread has annoyed me a bit (and I'm waiting for my code to compile ). If you find this too much work you could consider going with a robo advisor (Wealthfront, Betterment, etc.). They will handle all the tax effi...
by lairdb
Fri May 05, 2017 4:09 pm
Forum: Investing - Theory, News & General
Topic: Are we all forgetting our taxable accounts?
Replies: 79
Views: 13688

Re: Are we all forgetting our taxable accounts?

This thread has gone a few different directions, but it caught my eye because I struggled to understand some of the conventional wisdom/customary guidance/wiki advice -- until I understood that much of it is aimed at people who are not maxing their tax-advantaged, or are, but don't have much existin...
by lairdb
Mon Feb 20, 2017 8:30 pm
Forum: Personal Investments
Topic: Asset placement between different accounts
Replies: 18
Views: 1550

Re: Asset placement between different accounts

Regardless, the conventional advice on asset placement is not based on someone with an annual income of $350,000 and relatively limited tax-advantaged space. Folks with limited tax-advantaged space need to focus on tax-efficient investing. They can use their limited tax-advantaged space for really ...
by lairdb
Mon Feb 20, 2017 8:08 pm
Forum: Personal Investments
Topic: Asset placement between different accounts
Replies: 18
Views: 1550

Re: Asset placement between different accounts

$6,750 is family HSA. I believe jhfenton means most people can't afford to max out their tax-advantaged space, not that they choose not to. In his example, filling all his tax-advantaged space takes $53,750. Median household income in the US in 2015 was $55,775. Yes, but the audience here is not me...
by lairdb
Mon Feb 20, 2017 7:26 pm
Forum: Personal Investments
Topic: Asset placement between different accounts
Replies: 18
Views: 1550

Re: Asset placement between different accounts

I think you've missed a basic point. You should not set up a portfolio with only stock in taxable and only bonds in tax -advantaged accounts. Instead, you should fill whatever tax-advantaged accounts you have with (in this case) 60/40 ratio of stocks and bonds. A taxable account should not be used ...
by lairdb
Mon Feb 20, 2017 4:28 pm
Forum: Personal Investments
Topic: Asset placement between different accounts
Replies: 18
Views: 1550

Re: Asset placement between different accounts

Your protagonist should not have set up the portfolio that way. But let's say it got there by happenstance which can happen. Seems to me it's almost inevitable, though. Quick crude model says that if I start my protagonist at 60/40, TSM in taxable, TBM in tax-advantaged, apply recent trailing rates...
by lairdb
Mon Feb 20, 2017 1:11 pm
Forum: Personal Investments
Topic: Asset placement between different accounts
Replies: 18
Views: 1550

Re: Asset placement between different accounts

[...] It is rarely suggested to do rebalancing in taxable because it can generate taxes. You can effectively rebalance by adding money to the fund that doesn't have enough. And a person could rebalance while doing a tax loss harvest. But generally, rebalancing is done in the tax-advantaged accounts...
by lairdb
Sun Feb 12, 2017 11:50 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401(k) purely to receive rollovers?
Replies: 21
Views: 2610

Re: Solo 401(k) purely to receive rollovers?

If you want to rationalize something there are ample opportunities on the internet. Especially, when you cherry pick a quote out of context and neglect to provide the full text as in your particular disingenuous case. "Doesn’t have to be much. $10 is fine, but even better if it is enough money that...
by lairdb
Sun Feb 12, 2017 8:55 pm
Forum: Personal Consumer Issues
Topic: USAA 2.5% Cash Back Credit Card
Replies: 278
Views: 61184

Re: USAA 2.5% Cash Back Credit Card

Nice, I wish I was eligible to join USAA. My primary is FIDO 2% and I switch around between Discover, Amex, Chase Ink and CAP1(no FOREX) depending on the purchase. Since travel rewards are not as important to me, this USAA card would be the best simplify everything card. Huh -- that's me as well (w...
by lairdb
Sun Feb 12, 2017 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401(k) purely to receive rollovers?
Replies: 21
Views: 2610

Re: Solo 401(k) purely to receive rollovers?

Stumbled across this ( http://whitecoatinvestor.com/pennies-and-the-backdoor-roth-ira/ ) today -- the middle portion of the article ("Opening A “Business” To Get An Individual 401(k) For A Rollover") essentially captures this idea. The author declares "Step 2: Make some money. Doesn’t have to be muc...
by lairdb
Thu Feb 02, 2017 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401(k) purely to receive rollovers?
Replies: 21
Views: 2610

Re: Solo 401(k) purely to receive rollovers?

Can you point to documentation stating this? I'd be interested to see the requirement to terminate the 401k plan if the business ceases to operate - after all, it is a retirement plan and businesses come and go well before a sole proprietor is ready to retire. Thanks To nyclon's point, if I separat...
by lairdb
Thu Feb 02, 2017 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401(k) purely to receive rollovers?
Replies: 21
Views: 2610

Solo 401(k) purely to receive rollovers?

Something occurred to me recently, and I can't find a reason it's against the rules -- but if it's not, I can't figure out why it's doesn't come up more often. Theory: A solo 401(k) that can receive rollovers, - can receive rollovers from a 401(k), and - can receive rollovers from a tIRA. A sole pro...
by lairdb
Mon Jan 02, 2017 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: So how long do I hold onto the basis of this stock?
Replies: 6
Views: 937

Re: So how long do I hold onto the basis of this stock?

1) What livesoft said. You need the basis information -- not the computer it's stored on. If you can't print, you could export to Excel/CSV, or install a printer driver to print the records to PDF and then keep the PDF on your real computer (or print it from your real computer). 2) If you really wan...
by lairdb
Tue Jan 12, 2016 12:54 pm
Forum: Personal Investments
Topic: TLH: Does it matter if it is sold as short-term or long-term losses?
Replies: 22
Views: 3083

Re: TLH: Does it matter if it is sold as short-term or long-term losses?

Epsilon Delta wrote: ST losses are never worse than LT losses, but they are only better if you realize ST gains. If you're a pretty passive investor you may never realize ST gains so it's not worth a lot of effort to harvest ST gains v. LT gains.
Plus the slight ($3000) offset of Ordinary Income, right?
by lairdb
Mon Feb 09, 2015 3:59 pm
Forum: Personal Consumer Issues
Topic: Worth Upgrading to LED Lighting?
Replies: 70
Views: 11182

Re: Worth Upgrading to LED Lighting?

I'm a little picky about light, so I have tried about half a dozen LEDs over the years (never CFLs -- can't stand the spectrum.) Most recently, I tried the Cree TrueWhite recessed retrofit (CRI reportedly 93). Easy retrofit (12 fixtures total) and the light quality is still a little cooler than the ...
by lairdb
Thu Jul 31, 2014 1:10 pm
Forum: Investing - Theory, News & General
Topic: Huff Post: How Financially Literate Is the Investing Public?
Replies: 52
Views: 6181

Re: Huff Post: How Financially Literate Is the Investing Pub

So, I'm with all of you on 12 being imprecise for various reasons, but I also make the same argument about 16. (I don't care about the others, because I got them right.) I read "employer provides a 50% match up to $2,000" as "employer provides a 50% match up to $2,000 of contributions ", not "employ...
by lairdb
Mon Apr 14, 2014 11:32 am
Forum: Personal Consumer Issues
Topic: Traveling by train in the UK for the firs time, help!
Replies: 29
Views: 2439

Re: Traveling by train in the UK for the firs time, help!

I found TransportDirect.info invaluable for figuring out the options both for small and large trips. It's effectively an aggregator of all the transport options and a route planner. The train-related thing that took the most mental adjustment was that the large stations are 1)served by multiple trai...
by lairdb
Thu Apr 03, 2014 5:21 pm
Forum: Personal Investments
Topic: Move IRA to 401(k) to simplify backdoor RIRA?
Replies: 2
Views: 337

Move IRA to 401(k) to simplify backdoor RIRA?

I'm not sure I'm modeling this correctly, or appreciating all the factors. My wife (52yo, filing jointly) has a TIRA worth about 44K. (She also has an inherited TIRA, but I believe that doesn't enter into the backdoor RIRA calculation -- stop me here if I've got that wrong.) She also has a 401(k) at...
by lairdb
Tue Feb 11, 2014 4:34 pm
Forum: Personal Consumer Issues
Topic: Need a new all in one printer
Replies: 55
Views: 6621

Re: Need a new all in one printer

My Brother MFC recently died (after long and meritorious service) and I replaced it with the Epson WF-3520, based largely on the discussion at Wirecutter . Strongly recommend reading their article, not necessarily to get that specific item, but because they are very good at considering and exposing ...
by lairdb
Tue Jan 14, 2014 2:19 pm
Forum: Personal Consumer Issues
Topic: Investors beware... account security IS important!
Replies: 89
Views: 13536

Re: Investors beware... account security IS important!

stlutz wrote:I think there is a theory vs. real world conflict here.
This thread needs some xkcd.

Image
by lairdb
Tue Jan 07, 2014 4:47 pm
Forum: Personal Investments
Topic: Take tax hit to move to lower cost fund?
Replies: 12
Views: 1219

Re: Take tax hit to move to lower cost fund?

Unless we anticipate CG rates going down, how would spreading out the sell affect the eventual tax consequences? If you were close to the next marginal cg bracket it would make a difference, but I'm guessing you're not. I keep forgetting that there are CG brackets -- yes, I'll have to keep an eye o...
by lairdb
Tue Jan 07, 2014 2:22 pm
Forum: Personal Investments
Topic: Take tax hit to move to lower cost fund?
Replies: 12
Views: 1219

Re: Take tax hit to move to lower cost fund?

If I've already got 50.54% unrealized gains in BSPAX What is the total value of your BSPAX fund? Does it matter to the calculation or decision? Enough that getting out all at once would kick me into a higher bracket if it were OI, but I don't think it matters here, does it? Presumably, both funds a...
by lairdb
Mon Jan 06, 2014 9:10 pm
Forum: Personal Investments
Topic: Take tax hit to move to lower cost fund?
Replies: 12
Views: 1219

Take tax hit to move to lower cost fund?

I think I've modeled this correctly by brute force, but I'm certain there's an easier way to arrive at the answer -- I just don't have my head wrapped around the math sufficiently. Suppose I have an investment in a market index fund with a higher-than-desirable ER. However, moving it to a lower ER f...
by lairdb
Thu Nov 21, 2013 4:00 pm
Forum: Personal Consumer Issues
Topic: oriental rugs
Replies: 17
Views: 1960

Re: oriental rugs

Decide whether you are interested in something of oriental appearance regardless of make and origin, a modern machine-made rug which happens to come from the Orient, a contemporary "town" or "village" hand-woven rug from the Orient, or something antique/heirloom grade. If you're considering anywhere...
by lairdb
Mon Nov 04, 2013 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: Incentive Stock Options Converting To Cash
Replies: 21
Views: 3012

Re: Incentive Stock Options Converting To Cash

This is part of where you could use a pro -- but I think it's going to be ordinary income. Moving ISO gains out of ordinary income depends on having a holding period: two years from date of grant and one year from date of exercise. If we have your story right, you have vested, but have not yet exerc...
by lairdb
Mon Nov 04, 2013 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Incentive Stock Options Converting To Cash
Replies: 21
Views: 3012

Re: Incentive Stock Options Converting To Cash

There are a lot less than 1000 employees - like maybe half that. That sounds like a good-sized company. Were you an early employee? I'm pretty sure they're not going to disclose the number of outstanding shares. Then, it would be a simple math problem to determine the value of the stock. In that ca...
by lairdb
Mon Nov 04, 2013 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Incentive Stock Options Converting To Cash
Replies: 21
Views: 3012

Re: Incentive Stock Options Converting To Cash

The most significant things you want to know; these will drive everything else: - How many shares are outstanding , including issued grants? ("Authorized" may be in the plan document, but is probably out of date and doesn't matter. "Outstanding" (i.e. actually given to people) is the key number. "Hi...