Search found 468 matches

by wassabi
Mon Dec 02, 2019 5:40 am
Forum: Personal Investments
Topic: Virginia 529 Question
Replies: 14
Views: 1026

Re: Virginia 529 Question

Thanks to everyone for the replies. I got excited at first thinking I was reducing my overall AGI, but turns out it's just a tax deduction. Still nice to have, but not nearly as lucrative as the former option. I believe you are underestimating the lucrative deal here. As anon_investor pointed out, ...
by wassabi
Sat Nov 30, 2019 7:56 am
Forum: Personal Investments
Topic: Virginia 529 Question
Replies: 14
Views: 1026

Re: Virginia 529 Question

Thanks to everyone for the replies. I got excited at first thinking I was reducing my overall AGI, but turns out it's just a tax deduction. Still nice to have, but not nearly as lucrative as the former option.
by wassabi
Fri Nov 29, 2019 6:51 pm
Forum: Personal Investments
Topic: Virginia 529 Question
Replies: 14
Views: 1026

Virginia 529 Question

We have a newborn and so I'm looking into the Virginia 529. We're VA residents and receive a deduction of up to $4,000 per year from our state income tax. Let's assume my state tax liability is zero (I paid exactly the amount I owe from each paycheck). Doesn't it make sense to contribute $4,000 to t...
by wassabi
Sat Nov 09, 2019 7:48 am
Forum: Personal Investments
Topic: What to do with small SIMPLE IRA?
Replies: 11
Views: 636

Re: What to do with small SIMPLE IRA?

A SIMPLE IRA can only be rolled over to another SIMPLE IRA for two years after the first contribution. A withdrawal or Roth conversion during the two year period would be subject to a 25% penalty. She started the account in June 2019, so it looks like we'll have to keep the Fidelity account until J...
by wassabi
Fri Nov 08, 2019 6:26 am
Forum: Personal Investments
Topic: What to do with small SIMPLE IRA?
Replies: 11
Views: 636

What to do with small SIMPLE IRA?

My wife was with a company for only a few months and had to leave (we had a child). She has a $700 SIMPLE IRA and I'm wondering if we should open a Rollover IRA with Vanguard or just cash it out. She has a brokerage and Roth IRA at Vanguard but would be required to open the Rollover account. Is it w...
by wassabi
Wed Sep 18, 2019 5:26 pm
Forum: Personal Investments
Topic: [Convince Me that Wellesley is the only fund I need in retirement]
Replies: 23
Views: 2612

Re: Convince Me

People (including me) have toyed with the idea of combining Wellesley with a LifeStrategy or Target fund to give more diversification than just Wellesley alone. I recently did this for my mother-in-law's portfolio and have been very happy with the outcome. Two funds that automatically rebalance are...
by wassabi
Mon Aug 12, 2019 6:58 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard ongoing glitches, August 12-13, 2019]
Replies: 256
Views: 17753

Re: Wellesley 56.05% drop today

mindboggling wrote:
Mon Aug 12, 2019 6:57 pm
It's the middle of August. The interns are in charge.
Vanguard IT hasn't given much confidence lately.
by wassabi
Wed Jul 31, 2019 8:57 pm
Forum: Investing - Theory, News & General
Topic: Does TSP’s S + C Funds = Total Stock Market?
Replies: 11
Views: 1109

Re: Does TSP’s S + C Funds = Total Stock Market?

Not to change the subject, but I can't help but ask since you listed that example; So no G fund? So many people think G fund is super great cause it's ~ LT treasury rates with no duration, but you aren't necessarily impressed? This might be a separate topic but don’t you have any G fund interest? A...
by wassabi
Fri Jul 12, 2019 5:50 pm
Forum: Investing - Theory, News & General
Topic: Index Fund Creator Jack Bogle Didn't Like ETFs Being Used For Speculation
Replies: 84
Views: 4479

Re: Why Index Fund Creator Jack Bogle Hated ETFs

Two of these in 38 mintues? https://www.bogleheads.org/forum/viewtopic.php?f=10&t=285504&newpost=4639063&view=unread#unread Seems like we are being trolled. No, I believe the OP is posting in response to the other thread, in which many Bogleheads commented that Jack Bogle was wrong about ETFs. Howa...
by wassabi
Sat Jul 06, 2019 2:47 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle was right: smart beta ETFs are closet trackers (including Vanguard’s)
Replies: 21
Views: 2863

Re: Jack Bogle was right: smart beta ETFs are closet trackers (including Vanguard’s)

OP, why are you posting so many threads about Jack Bogle's wisdom, quotes, etc.?
by wassabi
Wed Jun 26, 2019 5:22 am
Forum: Personal Investments
Topic: Mother's Portfolio - Need Help
Replies: 15
Views: 1281

Re: Mother's Portfolio - Need Help

Good point. She has very little taxable income. We'll look into Roth conversions. Where does your mother buy her health insurance? If it's through the ACA exchange, large Roth conversions might incur significant costs in reduced premium tax credits and loss of access to Silver cost sharing reductio...
by wassabi
Wed Jun 12, 2019 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: New Federal employee ... Choosing Healthcare
Replies: 19
Views: 1602

Re: New Federal employee ... Choosing Healthcare

Not a federal employee myself, but know a lot of folks who are. If you are located in an area where you have a choice of Kaiser - such as Washington DC area - suggest you seriously consider Kaiser. I think the costs tend to be low (relatively) and the quality is good. In addition, there are many go...
by wassabi
Fri Jun 07, 2019 5:15 am
Forum: Investing - Theory, News & General
Topic: Holding Vanguard mutual funds at Fidelity, any problems with this?
Replies: 7
Views: 618

Re: Holding Vanguard mutual funds at Fidelity, any problems with this?

The main disadvantage is the large fee for buying them. If you want vanguard products elsewhere, it is usually better to buy the ETFs. How about if one has a million dollar portfolio and only buys 1-2 funds. That would be a one-time cost of $75-$150, right? On a balance of $1M, that seems fair to o...
by wassabi
Wed May 29, 2019 8:00 pm
Forum: Personal Investments
Topic: Fee to Reinvest Wellesley Dividends in Schwab IRA?
Replies: 1
Views: 274

Fee to Reinvest Wellesley Dividends in Schwab IRA?

My mother in law's Rollover IRA is her primary account located with Schwab. If she purchases Wellesley Income (VWIAX) from Schwab, my understanding is she will pay a $75 fee. Is that the only fee she will pay for the duration of ownership or will she have to pay a transaction fee each time she reinv...
by wassabi
Mon May 27, 2019 8:16 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value Tilt in TSP
Replies: 4
Views: 427

Re: Small Cap Value Tilt in TSP

Small cap value is a subset of small cap - presumably something like the 1/3 most valuey-est of the small cap stocks. You can tilt to mid/small cap in the TSP by increasing your holding of the S fund. However, there is nothing in the TSP that will push you toward value, small cap or otherwise. Keep...
by wassabi
Mon May 27, 2019 8:00 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value Tilt in TSP
Replies: 4
Views: 427

Small Cap Value Tilt in TSP

I want to tilt SCV and would ideally use my TSP funds; however, the only option I have is the S Fund. From what I've read here on the forum it appears S Fund is more closely aligned to Vanguard Extended Market (VEXAX). Per TSP's description: The S Fund's investment objective is to match the performa...
by wassabi
Wed May 22, 2019 5:18 am
Forum: Personal Investments
Topic: VTSAX or VTWAX over the next 35 years?
Replies: 173
Views: 24190

Re: VTSAX or VTWAX over the next 35 years?

vineviz wrote:
Tue May 21, 2019 4:55 pm
X528 wrote:
Sun May 19, 2019 10:00 am
Don't the studies by Vanguard and many others clearly show the benefits of investing globally?
Yes, very much so.
Do you recommend 100% VTWAX or some kind of tilt for better diversification?
by wassabi
Mon May 20, 2019 5:49 pm
Forum: Investing - Theory, News & General
Topic: Does stock allocation truly matter?
Replies: 61
Views: 5990

Re: Does stock allocation truly matter?

I've been a fan of the total world stock index. Do you think one should diversify the total world even further by overweighting small caps and emerging markets? That would be less diversified, being equivalent to using part of the money to buy the total world index capitalization weighted, and use ...
by wassabi
Mon May 20, 2019 5:23 pm
Forum: Investing - Theory, News & General
Topic: Does stock allocation truly matter?
Replies: 61
Views: 5990

Re: Does stock allocation truly matter?

Thank you. I'm continually baffled that the importance of diversification is so often misunderstood and/or dismissed. Thanks for all your analysis. I read this and your other post about diversification and am pretty confused now. I thought VTSMX was considered diversified because one owns the entir...
by wassabi
Fri May 17, 2019 5:42 pm
Forum: Personal Investments
Topic: VTSAX or VTWAX over the next 35 years?
Replies: 173
Views: 24190

Re: VTSAX or VTWAX over the next 35 years?

Because lostdog attacks those with proUS investment views as idiots who are forsaking their duty to the younger generation of investors. even going after Taylor Larimore above, and deriding Bogle's advice as outdated I don't think it's a fair assessment to say lostdog "went after" Taylor. It's perf...
by wassabi
Fri May 17, 2019 4:43 am
Forum: Personal Investments
Topic: VTSAX or VTWAX over the next 35 years?
Replies: 173
Views: 24190

Re: VTSAX or VTWAX over the next 35 years?

Don’t stop lostdog. You were one of the few who got me to ask more questions and divert some of my investments to a more global portfolio. Agree. These threads are insightful and serve as a good reminder about international investing. Doesn't matter if some of the same information is repeated; that...
by wassabi
Wed May 08, 2019 5:34 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Wellington and Wellsley over the last 20 years
Replies: 60
Views: 8167

Re: Vanguard Wellington and Wellsley over the last 20 years

DB2 wrote:
Wed May 08, 2019 4:28 pm
That's because of the year (1999) you selected. The stock market shortly after took two very big hits: from 2000-03 and in 2008-09. Bonds helped out a ton during that time span.

With that said, they both have been good balanced funds.

This is the answer.
by wassabi
Tue May 07, 2019 5:06 am
Forum: Personal Finance (Not Investing)
Topic: What if I Never Buy a House?
Replies: 109
Views: 17125

Re: What if I Never Buy a House?

DonIce wrote:
Wed May 01, 2019 11:30 am
rashad3000 wrote:
Wed May 01, 2019 11:11 am
I can't IMAGINE paying 5x my income. Our home cost about 1.3x our income.
When I bought my house (900 sqft townhouse) it was 7x my income. Just the reality of living in VHCOL areas.
5x income for home ownership is easily the norm in the Washington DC area. It's depressing.
by wassabi
Sun May 05, 2019 4:30 pm
Forum: Personal Investments
Topic: US $2Trillion for Infrastructure
Replies: 9
Views: 948

Re: US $2Trillion for Infrastructure

If it seems likely to you, don’t you think the pros have already capitalized and that company’s valuations reflect the upside potential already? No. There is speculation the government might invest $2T. That's not a one-time event into one company, otherwise I would agree it's already priced in. In...
by wassabi
Thu Apr 25, 2019 7:52 pm
Forum: Personal Investments
Topic: Dump international?
Replies: 228
Views: 17583

Re: Dump international?

VTWAX only truly makes sense if it is 100% of your stock position. I've been transitioning to VTWSX but have a large taxable position in VTSAX. Not willing to take the take hit to transfer the shares; however, I've been transferring my tax deferred accounts to VTWSX. I'm early 40s so about 20 years...
by wassabi
Sun Apr 21, 2019 6:04 am
Forum: Personal Investments
Topic: Vanguard or Schwab for Retiree and Power of Attorney
Replies: 38
Views: 1791

Re: Vanguard or Schwab for Retiree and Power of Attorney

This thread has been very informative to me about the standard Schwab POA form NOT being durable. That is of high concern to me. My Dad's IRA which I manage along with Roth's for both DW and me are at Schwab. What I have found is that one needs to submit their own Durable POA and a Schwab Attorney-...
by wassabi
Sat Apr 20, 2019 3:33 pm
Forum: Personal Investments
Topic: Vanguard or Schwab for Retiree and Power of Attorney
Replies: 38
Views: 1791

Re: Vanguard or Schwab for Retiree and Power of Attorney

Schwab LPOA ends if your MIL is incapacitated, and you will not be able to even buy/sell, never mind transfers.Set up an outside checking account for her with you/your spouse on the account. Use Schwab Moneylink to set up recurring automatic transfers for monthly bills. You can take over that check...
by wassabi
Sat Apr 20, 2019 10:28 am
Forum: Personal Investments
Topic: Vanguard or Schwab for Retiree and Power of Attorney
Replies: 38
Views: 1791

Re: Vanguard or Schwab for Retiree and Power of Attorney

I can just relate my own experience at Schwab with a POA. I've done this for my inlaws since late 2007, no issues or problems with either online activity or calling in on her behalf (now just mother-in-law), or local office transactions. Those calls involved things like taxable reporting issues, qu...
by wassabi
Sat Apr 20, 2019 10:20 am
Forum: Personal Investments
Topic: Vanguard or Schwab for Retiree and Power of Attorney
Replies: 38
Views: 1791

Re: Vanguard or Schwab for Retiree and Power of Attorney

Note that you MAY be able to utilize your MIL's userid to sign into her accounts at any financial institution. While you have POA, do not think that this is ok to do. It may be ok in your mind, but if the institution catches on they can freeze and then close your accounts. Thanks for your comment a...
by wassabi
Sat Apr 20, 2019 9:56 am
Forum: Personal Investments
Topic: Vanguard or Schwab for Retiree and Power of Attorney
Replies: 38
Views: 1791

Re: Vanguard or Schwab for Retiree and Power of Attorney

My mother-in-law is a widow (early 60s) who knows very little about finances and is incapable of managing her portfolio. She relies on me to manage her finances and keep her on a budget. I'm her power of attorney and thus have legal authority to act on her behalf. Her portfolio is about $1.1M and i...
by wassabi
Sat Apr 20, 2019 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Best Credit Card for College Freshman
Replies: 50
Views: 2395

Re: Best Credit Card for College Freshman

We set aside $500 in a secured credit card account. We didn't have to cosign, and the college student could build credit in her name. The bank reviews her credit every year and decides whether to send back the money and give her an unsecured credit card. I did it this way a long time ago as well and...
by wassabi
Sat Apr 20, 2019 9:39 am
Forum: Personal Investments
Topic: Vanguard or Schwab for Retiree and Power of Attorney
Replies: 38
Views: 1791

Vanguard or Schwab for Retiree and Power of Attorney

My mother-in-law is a widow (early 60s) who knows very little about finances and is incapable of managing her portfolio. She relies on me to manage her finances and keep her on a budget. I'm her power of attorney and thus have legal authority to act on her behalf. Her portfolio is about $1.1M and is...
by wassabi
Sun Mar 24, 2019 7:42 am
Forum: Personal Consumer Issues
Topic: A 23% increase from ATT Wireless
Replies: 84
Views: 6967

Re: A 23% increase from ATT Wireless

Jags4186 wrote:
Thu Mar 21, 2019 6:32 am
Everyone seriously need to get on prepaid. This postpaid nonsense drives me nuts. Left it a long time ago.
I was postpaid (two iPhones) and paying $140 with corporate discount. Switched to prepaid last month and paying $70/month. Service is identical. Wasted so much money before switching.
by wassabi
Thu Feb 28, 2019 5:53 am
Forum: Personal Investments
Topic: Couple years in the making, porfolio review time!
Replies: 11
Views: 1768

Re: Couple years in the making, porfolio review time!

My life became a lot simpler once I started to look at AA across my spouse and my entire portfolios. She has no good bond funds and I have no good international so we just set the % in each of our accounts to get what we want overall. We just keep a fairly simple spreadsheet that does all of the ma...
by wassabi
Tue Feb 26, 2019 5:46 am
Forum: Personal Finance (Not Investing)
Topic: Turbotax and Vanguard: Importing information
Replies: 7
Views: 800

Re: Turbotax and Vanguard: Importing information

I was doing my taxes today with turbotax. I was able to import dividend and interest information from Fido but not from Vanguard. Apparently Vanguard's data was not ready. However when I sign into Vanguard I can see all relevant tax forms posted there. Anybody has any advice or similar experience? ...
by wassabi
Thu Feb 21, 2019 5:48 am
Forum: Investing - Theory, News & General
Topic: TSP share price in Google Sheets like GoogleFinance
Replies: 19
Views: 12208

Re: TSP share price in Google Sheets like GoogleFinance

Lots of others are trying to overcome some deficiencies with GoogleFinance. Not sure how long it takes for Google to pick up new funds. In the meantime, this usually works: =importxml("https://www.bloomberg.com/quote/VFSAX:US", "//span[@class='priceText__1853e8a5']") In the formula above, replace V...
by wassabi
Wed Feb 20, 2019 1:54 pm
Forum: Investing - Theory, News & General
Topic: TSP share price in Google Sheets like GoogleFinance
Replies: 19
Views: 12208

Re: TSP share price in Google Sheets like GoogleFinance

Thanks for the tip. I was able to update my sheets to reflect the new link. Separately, Vanguard recently converted VTWSX to VTWAX and google does not recognize the ticker (VTWAX). Does anyone know how long it usually takes google to index the ticker so that the Sheets app recognizes it and pulls in...
by wassabi
Tue Feb 19, 2019 5:30 pm
Forum: Investing - Theory, News & General
Topic: How to use Vanguard Portfolio Watch for rebalancing
Replies: 109
Views: 74167

Re: How to use Vanguard Portfolio Watch for rebalancing

Google Sheets works well for me and has for years. It imports fund prices and allows me to calculate percentages. No pie charts (that I know of), but I don't need them. I use Google Sheets as well and it definitely does have pie charts. I love it for the ability to import prices and then display my...
by wassabi
Mon Feb 11, 2019 8:18 am
Forum: Personal Investments
Topic: 100% equities and looking to keep it simple
Replies: 13
Views: 1889

Re: 100% equities and looking to keep it simple

If you want simple and you want 45% international then you should just buy 100% Vanguard Total World (VTWAX) and be done with it.
by wassabi
Sat Feb 09, 2019 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Is $53 too much for life insurance for me and my wife?
Replies: 36
Views: 2807

Re: Is $53 too much for life insurance for me and my wife?

I got 500k term life insurance with no medical exam for $340/year from Lincoln Financial. The product I got was geared toward "younger" people hence no requirement for medical exam; however, I was hardly young when I got it (39 years old). My wife is a few years younger and she pays about $300/year ...
by wassabi
Mon Jan 21, 2019 10:51 am
Forum: Investing - Theory, News & General
Topic: Vanguard Total World Stock (VTWAX) and All-World ex-US Small Cap Admiral Shares (VFSAX) now available (February 7)
Replies: 181
Views: 23488

Re: Vanguard Total World Stock and All-World ex-US Small Cap Admiral Shares should launch February 5

Later this year you will be able to roll your own Total World at 53/47 or whatever it is then with TSP C, S and I for an overall ER of 0.03%, assuming the I fund contract holds to 0.03% at renewal. The I fund will be reconstituted later this year to track the MSCI all-country ex-US IMI index so the...
by wassabi
Sat Jan 05, 2019 10:05 pm
Forum: Personal Consumer Issues
Topic: Vanguard Statements - Print or Electronic
Replies: 69
Views: 4173

Re: Vanguard Statements - Print or Electronic

Definitely electronic. I download monthly and yearly statements and keep them backed up to multiple locations with my regular computer backups.
by wassabi
Sat Dec 22, 2018 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: How to tax loss harvest?
Replies: 20
Views: 1907

Re: How to tax loss harvest?

i didn't realize IRAs counted towards the wash sale and it looks like vanguard had JUST reinvested a bit of dividends in my roth IRA on the 21st. This effectively means I can't do a TLH this year for VTSAX right? I have this same exact problem - a wash sale triggered by a reinvested dividend in a r...
by wassabi
Sat Dec 22, 2018 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: How to tax loss harvest?
Replies: 20
Views: 1907

Re: How to tax loss harvest?

With the market crash... I wouldn't look at this as a market crash. A crash would be a sharp drop (maybe 10%+?) in an index in just one or two trading days. Technically, we're in a correction for the Dow Jones and S&P 500, but this isn't a crash. International has been a sore spot as well. I know i...
by wassabi
Sat Dec 08, 2018 10:18 am
Forum: Personal Finance (Not Investing)
Topic: YNAB: Age of Money
Replies: 21
Views: 3004

Re: YNAB: Age of Money

I'm at 125 days, but never really attributed any value to the metric.
by wassabi
Sat Dec 01, 2018 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Federal Employee Health Insurance
Replies: 20
Views: 1106

Re: Federal Employee Health Insurance

Although not a Federal employee, we have been on Kaiser (Washington DC area) for much of the past 40 years -- and never would have gone off Kaiser - except for employer coverage. In my opinion and experience, most folks will save even more on kaiser if they utilize the features fully - such as no c...
by wassabi
Sat Dec 01, 2018 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Federal Employee Health Insurance
Replies: 20
Views: 1106

Re: Federal Employee Health Insurance

Are you looking for self or will your wife also come onto this policy? It will be wife and me (Self + 1) with an expected dependent in the next two years. Wife is currently on Kaiser (via Marketplace) and I am on CareFirst (via current employer). Why did you write, " Blue Cross is between $40-$100 ...
by wassabi
Sat Dec 01, 2018 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Federal Employee Health Insurance
Replies: 20
Views: 1106

Federal Employee Health Insurance

I'm starting a federal position in January and have to select health insurance. I've been with CareFirst for 15+ years and have never had an issue. My wife has been with Kaiser for years and loves it for the centralized facilities, records, etc. We will be on the same plan and have narrowed it down ...
by wassabi
Sat Dec 01, 2018 9:31 am
Forum: Personal Consumer Issues
Topic: Encrypted messaging: Threema vs Wickr
Replies: 16
Views: 1773

Re: Encrypted messaging: Threema vs Wickr

If Signal isn't an option, I'd consider using Wire. Wire allows you to use a login name instead of a phone number. I believe the app uses Signal's protocol and is open source.