Search found 712 matches

by desiderium
Wed Nov 07, 2018 8:00 am
Forum: Personal Finance (Not Investing)
Topic: DAF - Vanguard or Fidelity? (donor advised fund)
Replies: 26
Views: 1584

Re: DAF - Vanguard or Fidelity? (donor advised fund)

Both, despite the redundancy it seems easier VG DAF is easy to fund from VG, only a few clicks. OTOH, funding Fidelity DAF from VG takes more time and forms. I placed 5 years' worth of giving into my VG DAF in 2017 ahead of the new tax law. Fidelity DAF charges a fee annually, so I use for smaller c...
by desiderium
Sun Nov 04, 2018 9:11 pm
Forum: Personal Consumer Issues
Topic: Time to splurge. MB E class, BMW 5 or Audi 6?
Replies: 70
Views: 5977

Re: Time to splurge. MB E class, BMW 5 or Audi 6?

Having driven an E class for a number of years, I now drive a 3- series. The MB was a big heavy slug by comparison. Be sure you are going to be happy with the bigger cars. Ride etc smoother but not so much fun to drive I think. Had a great time at the Welt during a trip to Munich and would consider ...
by desiderium
Sun Nov 04, 2018 9:03 pm
Forum: Investing - Help with Personal Investments
Topic: Another TLH excecution question
Replies: 6
Views: 605

Re: Another TLH excecution question

What is your tax filing hassle? Your VG brokerage statement gives you the dividends received and classifies it as qualifying or ordinary. If you have capital gains, it will list all the sales and gains received, same for losses. If you use tax filing software, many can import the data directly so no...
by desiderium
Sat Nov 03, 2018 8:50 am
Forum: Personal Consumer Issues
Topic: Multiple newspaper and magazine subscriptions - how much do you pay to stay informed?
Replies: 51
Views: 2374

Re: Multiple newspaper and magazine subscriptions - how much do you pay to stay informed?

Online we pay for the NY Times and the Washington Post. We pay for print subscriptions to the Economist and a rotating smattering of other sources. I strongly disagree with some of the others in the thread who object to paying for news services. You get what you pay for. And if you're not paying fo...
by desiderium
Fri Nov 02, 2018 8:16 am
Forum: Investing - Theory, News & General
Topic: Apple's share plummeting: should we 'kick out the largest stock' as Rob Arnott suggests?
Replies: 40
Views: 2058

Re: Apple's share plummeting: should we 'kick out the largest stock' as Rob Arnott suggests?

Most individual stocks will underperform the average Therefore, any scheme that identifies a stock to throw out of the average will make some sense and is likely work more often than not. The problem is that returns are driven by the minority of positions that outperform. Identifying these in advanc...
by desiderium
Sun Oct 28, 2018 10:51 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice
Replies: 14
Views: 1368

Re: Portfolio Advice

Your assets are way to complex and duplicative.
Treat your accounts as one portfolio
For the smaller accounts, choose only one fund
Generally higher growth assets (stocks) in the Roths
Since most of your assets are in retirement accounts, you can simply change your asset allocation
by desiderium
Sat Oct 27, 2018 11:10 am
Forum: Personal Consumer Issues
Topic: "consultation fee": standard for preventative colonoscopy?
Replies: 61
Views: 3415

Re: "consultation fee": standard for preventative colonoscopy?

I can't speak to the financial aspects or insurance, but some are questioning this practice and it's not necessarily black and white. For example, the GI doc may want to evaluate you himself to see if you even need a colonoscopy, potentially saving you or the system from unnecessary cost or care. T...
by desiderium
Sat Oct 27, 2018 9:15 am
Forum: Personal Consumer Issues
Topic: "consultation fee": standard for preventative colonoscopy?
Replies: 61
Views: 3415

Re: "consultation fee": standard for preventative colonoscopy?

You can die from a colonoscopy. The sedation can make you forget to breathe or stress your heart; you can bleed after a biopsy or succumb after a perforation of the colon. It is possible to identify people at higher risk for these complications and either mitigate the risk or perhaps decide that the...
by desiderium
Wed Oct 24, 2018 8:32 am
Forum: Investing - Help with Personal Investments
Topic: TLH - VTIAX to VFWAX
Replies: 10
Views: 872

Re: TLH - VTIAX to VFWAX

I am considering moving from VTIAX to VFWAX for TLH. I have about 7k in loss. - Is this reasonable for tax purposes given the wash sale rules? ---Yes - VFWAX has significantly less number of stocks, so it seems I am taking a risk in going to less diversified fund. Although I know both generally tra...
by desiderium
Sun Oct 21, 2018 6:52 pm
Forum: Personal Consumer Issues
Topic: High End Wrist Watches (Gone Crazy)
Replies: 254
Views: 30214

Re: High End Wrist Watches (Gone Crazy)

I visited a local watch seller at my local mall, and checked out a few watches from Rolex and Breitling. As someone who is learning about high end mechanical watches, I would say they were a disappointment. Sure they were nice, almost too shiny and blingy, but the casebacks were solid metal, so you...
by desiderium
Fri Oct 19, 2018 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Bankivity 7: New user questions
Replies: 1
Views: 226

Re: Bankivity 7: New user questions

Have used Banktivity (previously iBank) for ~5 years now and overall satisfied. Occasional glitches promptly addressed by their customer service. The automatic download function is a separate subscription, ~$60/year I believe. For me it has been worthwhile. I use it for my spending--bank and credit ...
by desiderium
Fri Oct 19, 2018 12:59 am
Forum: Investing - Theory, News & General
Topic: 30 yr TIPs auction: Oct. 18: 1.2% real yield?
Replies: 44
Views: 3992

Re: 30 yr TIPs auction: Oct. 18: 1.2% real yield?

To be fair, it’s not as if bond yields have no natural level. But the natural level is I think roughly related to gdp growth. Ie I think long term real rates might be some function of long term real gdp growth. And I don’t think that level is lower than it used to be. I respectfully disagree. Aging...
by desiderium
Fri Oct 19, 2018 12:50 am
Forum: Personal Consumer Issues
Topic: High End Wrist Watches (Gone Crazy)
Replies: 254
Views: 30214

Re: IWC Watch, any thoughts?

What does spending more on a watch get you? High quality materials, such as precious metals. Higher durability. Higher level of precision of the time-keeping mechanism. (Though this only applies to mechanical watches, since the highest precision is actually found in Quartz watches, which are dirt c...
by desiderium
Wed Oct 17, 2018 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Social Security [impact of earnings on benefits]
Replies: 29
Views: 2847

Re: Social Security [impact of earnings on benefits]

There is a pretty interesting calculator called Maxifi. It is not free, something like $99 for a year access It does all these calculations year by year It accounts for taxable investments, Roth and Traditional It accounts for working and SS claiming for both you and your spouse You can run scenario...
by desiderium
Wed Oct 17, 2018 8:26 am
Forum: Investing - Help with Personal Investments
Topic: help with asset location
Replies: 4
Views: 522

Re: help with asset location

You should game this out for yourself on a spreadsheet It depends on your tax bracket, relative sizes of your taxable vs ira and overall asset allocation. Other parameters include desire to make charitable contributions (which can be made as qcd's from your IRA and count toward RMD), estate plans et...
by desiderium
Sat Oct 13, 2018 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Weigh in on our Marital Argument =)-- HCOL edition
Replies: 70
Views: 5537

Re: Weigh in on our Marital Argument =)-- HCOL edition

Stay in the neighborhood. Big suburban house is a false economy and entails time and commuting costs that are not being calculated. Time not spent with kids is incalculable in terms of regrets. Debt is low at present so stretching for a bigger home is probably fine. Without financializing the choice...
by desiderium
Sat Oct 06, 2018 11:54 pm
Forum: Personal Finance (Not Investing)
Topic: A strategy to pay off home at retirement?
Replies: 57
Views: 4306

Re: A strategy to pay off home at retirement?

Pepito,

I have the same physiology. I finished paying mine off recently. Similar age and timeline. I think at 150k the liquidity concern is small compared to the upsides. I would direct savings to the mortgage while you continue employment and try to get it done.
by desiderium
Sat Oct 06, 2018 1:32 pm
Forum: Investing - Help with Personal Investments
Topic: Learned some lessons... back for fresh approach
Replies: 17
Views: 2183

Re: Learned some lessons... back for fresh approach

Ok, I’m tracking on the muni feedback. With a state income tax rate approaching 10%, I was fixated on finding a MN state fund. With some quick research I see a fund like SMTFX with MN munis and compared it to VWIUX. SMTFX has a higher expense ratio at .8 and a five yr return of 3.9 plus it would sa...
by desiderium
Sat Sep 29, 2018 1:35 am
Forum: Personal Consumer Issues
Topic: PV Solar (Sunpower vs. Panasonic HIT) & To Roof or Not to Re-roof
Replies: 12
Views: 1218

Re: PV Solar (Sunpower vs. Panasonic HIT) & To Roof or Not to Re-roof

How long will it take to pay off your investment in the solar panels? For the cost of the installation, how much energy will it produce? Subtract your tax credits and the savings on the roof and figure your cost/kwh X production Allow for tiered pricing on the electricity and degradation of the pane...
by desiderium
Tue Sep 25, 2018 8:49 am
Forum: Personal Consumer Issues
Topic: Is there any point to keeping old X-rays?
Replies: 8
Views: 734

Re: Is there any point to keeping old X-rays?

Doubt it would be useful given the age
Quandaries on chest X-rays are for the most part resolved with CT scans, rather than referring to an ancient image
Xray films can be recycled, might check with a radiology department to see if they want it.
by desiderium
Tue Sep 25, 2018 8:45 am
Forum: Personal Consumer Issues
Topic: Losing Passion for Hobbies. Cheap or normal aging?
Replies: 71
Views: 9061

Re: Losing Passion for Hobbies. Cheap or normal aging?

Adult growth and development
Embrace it
by desiderium
Mon Sep 24, 2018 7:39 am
Forum: Personal Consumer Issues
Topic: Best Credit Card for Redeeming Points on Hotels
Replies: 6
Views: 793

Re: Best Credit Card for Redeeming Points on Hotels

Don’t know about ski locations but Hyatt was always more valuable than SPG to me anyway. Chase UR transfer to Hyatt and of course the Chase Hyatt CC. Ditto this. You can get some great value booking on Hyatt points than paying cash on same reservations (many times an effective 50% savings). World o...
by desiderium
Sat Sep 22, 2018 7:29 am
Forum: Investing - Theory, News & General
Topic: Buckingham Strategic Wealth #12 on Barron's
Replies: 13
Views: 1753

Re: Buckingham Strategic Wealth #12 on Barron's

Wonder how many forum members are donating their 1% to his firm. H There are firms that provide “value” to their clients. Don’t be fixated on cost - Old saying “penny wise, pound foolish”. Buying the cheapest could cost you dearly. Buckingham is a good option to consider for those wanting a fiducia...
by desiderium
Thu Sep 20, 2018 10:04 pm
Forum: Personal Consumer Issues
Topic: Buy-Out BMW Lease / Buy More Practical New Model / Buy Practical Used Model? Help
Replies: 82
Views: 3624

Re: Buy-Out BMW Lease / Buy More Practical New Model / Buy Practical Used Model? Help

With your income most would say the BMW is too much car. But the fact that you are asking the question means you have some insight into this problem, so good for you. How much cash to you have to purchase a car? I would limit the car to what you can pay for with cash. After that develop a long rang...
by desiderium
Thu Sep 20, 2018 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: Leasing Cars in Retirement
Replies: 98
Views: 7649

Re: Leasing Cars in Retirement

More false information here. First of all, the dealer determines the residual value of the lease, not the manufacturer. Second, you don't "get the sales tax back" when you trade-in. A traded-in vehicle simply reduces the taxable amount of the new vehicle sale. Why anyone would trade-in and get thou...
by desiderium
Tue Sep 18, 2018 10:39 pm
Forum: Personal Consumer Issues
Topic: Buy-Out BMW Lease / Buy More Practical New Model / Buy Practical Used Model? Help
Replies: 82
Views: 3624

Re: Buy-Out BMW Lease / Buy More Practical New Model / Buy Practical Used Model? Help

With your income most would say the BMW is too much car. But the fact that you are asking the question means you have some insight into this problem, so good for you. How much cash to you have to purchase a car? I would limit the car to what you can pay for with cash. After that develop a long range...
by desiderium
Tue Sep 18, 2018 8:38 am
Forum: Personal Finance (Not Investing)
Topic: How should I insure a condo purchased for my dad?
Replies: 4
Views: 330

Re: How should I insure a condo purchased for my dad?

I am doing exactly what you propose with a condo unit. I have an owners policy on the condo as a"landlord" policy, no personal effects. It isn't that expensive, less than $300/yea because the HOA insures the building; you are insuring the inside and any liability (e.g., your faucet leaks and damages...
by desiderium
Tue Sep 11, 2018 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Mr.No - another should I pay off my mortgage, post
Replies: 31
Views: 2701

Re: Mr.No - another should I pay off my mortgage, post

I am a generally a pay it off guy but you have too many young kids! Congratulations on your beautiful family. You have an enormous responsibility and that argues strongly to stay liquid.
by desiderium
Tue Sep 11, 2018 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: My daughter's inheritance.
Replies: 64
Views: 8991

Re: My daughter's inheritance.

At the risk of being contrary to the dominant paradigm here: You daughter’s youth and understandable lack of focus on the financial work involved plus tax and trust issues do argue for considering a full service fiduciary fee only financial adviser. I would suggest exploring Buckingham asst manageme...
by desiderium
Tue Sep 11, 2018 8:08 pm
Forum: Investing - Help with Personal Investments
Topic: Going off-track of asset allocation due to high savings rate
Replies: 47
Views: 2985

Re: Going off-track of asset allocation due to high savings rate

corn18 wrote:
Tue Sep 11, 2018 4:38 pm


I do think about buying an Audi R8 V10 convertible each year, but then I read my IPS and it gets me back on track.
Corn18, I thought your weak spot was watches
by desiderium
Sun Sep 09, 2018 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: How to choose a real estate agent?
Replies: 24
Views: 2169

Re: How to choose a real estate agent?

I've thought about this as we will eventually sell our current home and downsize. It is desirable and valuable. I would do what others in business do. Write up an RFP. List your priorities, e.g. net proceeds, time to sale, competitive commission etc. Do some research on real estate agents--find out ...
by desiderium
Sat Sep 08, 2018 12:44 pm
Forum: Investing - Help with Personal Investments
Topic: Simplify and reduce costs of portfolio
Replies: 3
Views: 432

Re: Simplify and reduce costs of portfolio

You have digested the wisdom of this forum, and your plan is sound, simple and inexpensive. Don't forget Mr. Larimore for his work on this lesson. Keep saving, for example car payment once the loan is finished Keep reading and thinking and reading about your asset allocation. 90% equities is on the ...
by desiderium
Sat Sep 08, 2018 5:51 am
Forum: Personal Consumer Issues
Topic: Buy a house that needs full renovation?
Replies: 40
Views: 1774

Re: Buy a house that needs full renovation?

This sort of project is inevitably a personal growth experience The competitive bidding suggests that the after renovation value is consistent with the market I would get a contractor to walk through all this with you and get some validation for your numbers. Also, be realistic about your budget. Ca...
by desiderium
Sat Sep 08, 2018 5:46 am
Forum: Personal Consumer Issues
Topic: Building a web site-how to, costs?
Replies: 13
Views: 846

Re: Building a web site-how to, costs?

Costs are minimal
Use Wordpress, tools for building and subsequent editing and enhancement are straightforward
Multiple plug and play options for the pay transaction.

Good luck!
by desiderium
Thu Sep 06, 2018 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Charitable Tax Deductions
Replies: 46
Views: 3556

Re: Charitable Tax Deductions

Echoing several points: We use our DAF to improve the deductibility of our charitable contributions, which is even more relevant with the newest tax code. We front loaded 5 years of contributions in 2017, before the "less favorable" conditions for charitable deductibility kicked in. We are distribut...
by desiderium
Wed Sep 05, 2018 9:36 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice - age 52 retired
Replies: 6
Views: 1327

Re: Portfolio Advice - age 52 retired

I think many people run turbotax in the late fall to estimate their Roth conversions up to the end of your tax bracket. This leads to free money, so you should do it. Regard all your assets as one portfolio; it doesn't matter how much equity is in one account. A three fund portfolio mixed with targe...
by desiderium
Mon Sep 03, 2018 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Does leasing car leave me more freedom to invest?
Replies: 39
Views: 3101

Re: Does leasing car leave me more freedom to invest?

BMW and MB generally lease with high residuals. This makes the equity argument more difficult at lease return time for these vehicles. This has been my experience but others might have had more success The benefits of ownership increase with holding time but n many cases it takes 7 years or so to br...
by desiderium
Sun Sep 02, 2018 8:27 am
Forum: Investing - Help with Personal Investments
Topic: BofA/Merrill Edge or Chase Sapphire Banking/CPC?
Replies: 59
Views: 6073

Re: BofA/Merrill Edge or Chase Sapphire Banking/CPC?

BofA/ME works well for me. I keep 100k parked in ME receiving bonus and platinum honors benefits. No reason to hassle with mutual funds at ME, am using ETFs and trading is free. They do track specific lots. I rarely trade and this works fine for me. As others have said, ME customer service is great....
by desiderium
Sat Sep 01, 2018 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Using your home as old age care self-insurance?
Replies: 74
Views: 5890

Re: Using your home as old age care self-insurance?

Your scenario appears realistic I have a disproportionate value in my home vs liquid assets. It is a fabulous place that we love. Realistically, we will eventually tire of the upkeep and move to a small apartment/condo with the opportunity to harvest a good deal of value. We are using this to plan f...
by desiderium
Wed Aug 29, 2018 9:15 am
Forum: Investing - Help with Personal Investments
Topic: Municipal Bond Ladder / Tax Efficient Allocation of New Funds
Replies: 23
Views: 1932

Re: Municipal Bond Ladder / Tax Efficient Allocation of New Funds

I think the real issue with the loans (for me at least) is your fixed income holdings. A mortgage is similar in concept to a negative bond. So you are effectively borrowing funds at 3.75% (slightly less to give effect to the tax deduction) to lend it out at whatever you are getting from your muni l...
by desiderium
Sun Aug 26, 2018 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Payoff?
Replies: 27
Views: 2698

Re: Mortgage Payoff?

My opinion is conditioned by the fact that I just paid of my mortgage and am really enjoying the feeling. In my view, holding adjustable rate debt tied to short-term interest rates doesn't look great right now, and playing stocks with a short term horizon in relation to your ARM reset seems pretty r...
by desiderium
Sun Aug 05, 2018 8:07 am
Forum: Investing - Help with Personal Investments
Topic: 20 year old beginning Boglehead in need of advice
Replies: 7
Views: 844

Re: 20 year old beginning Boglehead in need of advice

You are already ahead of the game, maybe even too far ahead At this point you have apprehended some financial truths that took many of us decades and $$ mistakes to understand, so good for you. Take your budding investing account and invest it simply. Observe what happens when dividends roll in and ...
by desiderium
Tue Jul 17, 2018 8:50 pm
Forum: Investing - Help with Personal Investments
Topic: Rearranging my investments at age 30. How to handle old 403(b), new taxable account, heavy CD ladder asset?
Replies: 10
Views: 1255

Re: Rearranging my investments at age 30. How to handle old 403(b), new taxable account, heavy CD ladder asset?

You seem to be trying to recapitulate your asset allocation in each of our accounts You can think of everything as one big account, then put the assets where they might be advantageous. For example, it is usually recommended to keep your international funds in the taxable account, where you will be ...
by desiderium
Thu Jul 12, 2018 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Preparing non-technocrat spouse $ Mgmt
Replies: 25
Views: 2465

Re: Preparing non-technocrat spouse $ Mgmt

This is something I have considered as well I came across a fee-capped fiduciary FA firm that is local. As a firm it is not just one person with an opinion, but a well established ongoing investment philosophy (boglehead, essentially). I have not hired them because I have not been able to reduce my ...
by desiderium
Tue Jul 03, 2018 8:22 am
Forum: Investing - Help with Personal Investments
Topic: Newbie here needing portfolio review
Replies: 18
Views: 1557

Re: Newbie here needing portfolio review

Your investment plan is overly complicated and is costing you way too much. In other words, you don't actually have a plan other than a bunch of things chosen to look sophisticated and kick back money to the adviser. Vanguard will help with the logistics of moving your accounts. You should pick up t...
by desiderium
Mon Jun 25, 2018 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Career Burn Out: Should I quit high paying job and take a sabbatical?
Replies: 55
Views: 7034

Re: Career Burn Out: Should I quit high paying job and take a sabbatical?

Thanks everyone for the replies! My plan for now is to try and stick it out until the end of the year so I can collect on the bonus and RSU payout. Meanwhile I will keep saving aggressively and adding to my stash. Also, if things don't improve I plan to have a talk with my boss and see if we can co...
by desiderium
Thu Jun 14, 2018 8:20 am
Forum: Personal Consumer Issues
Topic: Home Sellers - do you read Buyer inspection reports?
Replies: 25
Views: 2440

Re: Home Sellers - do you read Buyer inspection reports?

I have gotten my own inspection reports prior to selling, using a highly respected local person. Then I fix most of the issues on the report and disclose it to prospective buyers. They of course are free to get their own inspection, but I feel my downside risk is known. By disclosing this before off...
by desiderium
Wed May 30, 2018 8:11 am
Forum: Personal Finance (Not Investing)
Topic: Should I buy into this medical practice?
Replies: 26
Views: 3262

Re: Should I buy into this medical practice?

One concern is in regard to earnings estimates. Reimbursement rates for imaging is under lots of pressure from payers, and in some areas contracting is capricious. I would look at the numbers carefully and get some independent advice on the valuation. If everything is rented, then where does the 3M ...
by desiderium
Wed May 30, 2018 7:27 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review: Very conservative, primarily interested in capital preservation
Replies: 30
Views: 4602

Re: Portfolio Review Request: Very conservative, primarily interested in capital preservation, unlikely to ever "retire"

Thank you for the kind words. I do have a general life plan and an objective I’m trying to reach, but it’s not a glamorous one or one that’s generally acceptable to most people. Thus, I don’t mention it. :) Wombat, your sense of humor is remarkable. I hope you will eventually elaborate on your stor...
by desiderium
Mon May 28, 2018 7:59 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review for a DIY'er approaching retirement
Replies: 16
Views: 2386

Re: Portfolio Review for a DIY'er approaching retirement

You appear to have experimented with a number of investing approaches and your portfolio reflects the aftermath. I think you need and investment policy statement (IPS, see the WIKI); you appear to have a rough idea about this already If you want to hold/trade stocks, decide on a percentage of your p...