Search found 879 matches

by Longdog
Sat Sep 23, 2017 9:13 am
Forum: Investing - Help with Personal Investments
Topic: the tax efficiency conundrum
Replies: 7
Views: 735

Re: the tax efficiency conundrum

That’s a helpful perspective, thanks. I just hate the thought of $50k sitting unproductive earning 1.5% much of which will be paid in taxes. Seems only slightly better than burying it in the back yard. Remember, that $50K sitting in Wellesley is not guaranteed to be at least $50K in a year. It migh...
by Longdog
Fri Sep 22, 2017 5:13 pm
Forum: Investing - Help with Personal Investments
Topic: can I rely solely on the value of my home to retire?
Replies: 25
Views: 2639

Re: can I rely solely on the value of my home to retire?

I think putting all your proverbial retirement eggs in one basket (your home) is risky, but theoretically it could work. Your financial advisor, however, is motivated to get you to invest as much as possible with him, to maximize his assets under management and his fees. So while he does have a vali...
by Longdog
Fri Sep 22, 2017 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: Division of trust assets after death
Replies: 10
Views: 686

Re: Division of trust assets after death

I think it depends on the trustee’s willingness to do this, but even more so on the beneficiaries of the trust. Who is the trustee? Assuming the two beneficiaries are on good terms and want to honor the wishes of their father, I would suspect a well-drafted and appropriately witnessed letter signed ...
by Longdog
Thu Sep 21, 2017 6:44 am
Forum: Investing - Help with Personal Investments
Topic: I won the Lottery. Need sound advice.
Replies: 204
Views: 19031

Re: I won the Lottery. Need sound advice.

With this windfall, you do have an opportunity to improve your life by paying off that bad debt especially, but only if you change your ongoing financial behavior by living a more sustainable lifestyle. By accumulating so much bad debt, even with your very good combined income, that suggests you wer...
by Longdog
Wed Sep 20, 2017 7:27 pm
Forum: Investing - Help with Personal Investments
Topic: Tax implications for converting rollover IRA to Roth
Replies: 5
Views: 423

Re: Tax implications for converting rollover IRA to Roth

Do you envision an early retirement or future years when your tax rates will be much lower? I don't know if the math works out, but if so perhaps simply contributing annually to a non-deductible IRA without doing the subsequent Roth conversion can fill up her tax-advantaged space for a future, oppor...
by Longdog
Wed Sep 20, 2017 7:14 pm
Forum: Forum Issues and Administration
Topic: Why so many 'negative' responses?
Replies: 20
Views: 1754

Re: Why so many 'negative' responses?

heybro wrote:
Wed Sep 20, 2017 6:28 pm
I have never seen anyone say 'sounds good!' I think is my point.
Sounds good! :wink:
by Longdog
Wed Sep 20, 2017 9:26 am
Forum: Investing - Theory, News & General
Topic: Net Worth divided between taxable and tax-advantaged accounts
Replies: 4
Views: 929

Net Worth divided between taxable and tax-advantaged accounts

A recent thread discussing net worth and percentiles by age, as well as the oft-quoted 4% rule started me thinking that it makes a big difference, in terms of spendable income based on net worth, how much is in a taxable account, how much in a Roth account, and how much is in a pre-tax account. A $1...
by Longdog
Mon Sep 18, 2017 6:59 am
Forum: Investing - Help with Personal Investments
Topic: My in-laws' nest egg of $50k
Replies: 34
Views: 4220

Re: My in-laws' nest egg of $50k

I agree with the above -- treat their nest egg as an emergency fund and don't take out a mortgage on the condo. One thing to consider -- in all likelihood, one of them is going to predecease the other and the survivor's Social Security will be reduced. My best guess is that it will fall to about $8...
by Longdog
Sun Sep 17, 2017 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Problem setting up Quicken for Fidelity Visa Elan
Replies: 13
Views: 3617

Re: Problem setting up Quicken for Fidelity Visa Elan

Thought I would resurrect this old thread with a question: Has anyone else that uses Quicken for Mac (I am using the 2017 version) been successful in setting up direct downloads into Quicken with their Fidelity Visa from Elan? Currently I download transactions from the Fidelity rewards website but ...
by Longdog
Sun Sep 17, 2017 11:16 am
Forum: Personal Finance (Not Investing)
Topic: annualcreditreport.com possible vulnerability (apache struts framework)
Replies: 21
Views: 1946

Re: annualcreditreport.com possible vulnerability (apache struts framework)

At this point, financial institutions should not extend credit without a written signature and should be fully liable if they extend credit to someone fraudulently. What good is a written signature? My signature appears on a government website and when I specifically asked for it to be retracted I ...
by Longdog
Sun Sep 17, 2017 8:37 am
Forum: Personal Consumer Issues
Topic: Should I contact a lawyer?
Replies: 69
Views: 3393

Re: Should I contact a lawyer?

I am an engineer, and on day one of every job I've had, I've had to sign over all intellectual property rights for anything I create while employed that is in any way connected to their line of business, regardless of whether it was done on my own time or theirs. So, I find it interesting that this ...
by Longdog
Sun Sep 17, 2017 8:24 am
Forum: Investing - Help with Personal Investments
Topic: Initial investment for a student
Replies: 10
Views: 399

Re: Initial investment for a student

If she had a Vanguard account, she'd be able to purchase Vanguard Total Market ETF without any commission, at any amount. However, there might be an account maintenance fee at that level of assets that would make it not worth it. Will this be in a taxable account or Roth IRA?
by Longdog
Sun Sep 17, 2017 7:36 am
Forum: Personal Finance (Not Investing)
Topic: annualcreditreport.com possible vulnerability (apache struts framework)
Replies: 21
Views: 1946

Re: annualcreditreport.com possible vulnerability (apache struts framework)

There has been one large hack after another in the news over the past years, and they keep occurring on a regular basis. At this point, people should accept that there is no security or secrecy regarding their demographic and financial information. If it hasn't been stolen and released into the wil...
by Longdog
Sat Sep 16, 2017 7:58 am
Forum: Personal Finance (Not Investing)
Topic: Mother-In-Law dying, Wife wants to buy a Porsche
Replies: 51
Views: 5002

Re: Mother-In-Law dying, Wife wants to buy a Porsche

I would suggest that, as your instincts already seem to suggest, now is not the time to try to talk your wife out of anything. This is obviously a very difficult and emotional time. When your MIL eventually passes, if your wife still feels that a Porsche will somehow compensate her for the stress an...
by Longdog
Wed Sep 13, 2017 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Milestone Reached - "Quarter Millionaire!"
Replies: 41
Views: 4625

Re: Milestone Reached - "Quarter Millionaire!"

I'm sorry, but I can only give you 25% of a hearty congratulations! :wink:
by Longdog
Tue Sep 12, 2017 6:19 am
Forum: Investing - Help with Personal Investments
Topic: first time CD through V Brokerage: any cautions?
Replies: 9
Views: 1163

Re: first time secondary CD through V Brokerage: any cautions?

1) if you pay a premium over par, then that premium is not FDIC insured. This is just what I needed, thanks. So this is why they have higher yields. there is another reason for the higher yields of brokered CDs vs say regular CDs. Regular CDs often have an early withdrawal feature. This lets you ge...
by Longdog
Sun Sep 10, 2017 2:13 pm
Forum: Investing - Help with Personal Investments
Topic: Sell deceased's "wrong-state" muni bonds?
Replies: 27
Views: 1824

Re: Sell deceased's "wrong-state" muni bonds?

Have you received quotes ... Others can correct me but every time I've been involved with type of transaction, it's kinda like "Let's see what this baby goes for." I think there's no way to know until it sells since it's dependent on so many factors. Even for the same entity (same bridge, turnpike,...
by Longdog
Sat Sep 09, 2017 9:29 am
Forum: Investing - Theory, News & General
Topic: Dividends and Withdrawal Rate
Replies: 39
Views: 3142

Re: Dividends and Withdrawal Rate

OP here. We are invested 50/50, have pensions, and our expenses are low. No SS yet. So far, almost 2 years in to retirement, we don't need a lot from our portfolio. The dividends come from our taxable stock funds only. I don't see why this is a bad strategy in our circumstances. (Folks assume an aw...
by Longdog
Sat Sep 09, 2017 7:27 am
Forum: Personal Consumer Issues
Topic: Luxury car: perception vs reality
Replies: 118
Views: 6061

Re: Luxury car: perception vs reality

msk wrote:
Sat Sep 09, 2017 7:10 am
My rule-of-thumb for the past 50 years has been, Never Buy a Car Costing More Than 6 Months Income.
I'm curious - would that be earned income only, or earned + unearned income (interest, dividends, cap gains)?
by Longdog
Wed Sep 06, 2017 7:11 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 61
Views: 5119

Re: To take or not to take delivery of Tesla 3

I had reserved Tesla 3 when it was announced. I did it because $35K-$7.5K price was too attractive to NOT put my name on the list. According to the web site I can get the delivery by Dec-Feb time frame if I select the $49K car. This is with 310 miles + premium options package. That price still does...
by Longdog
Wed Sep 06, 2017 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited Savings Bonds
Replies: 30
Views: 1886

Re: Inherited Savings Bonds

My first question is will the Treasury even reissue savings bonds that have reached their maturity? No. Once they matured, the only option is to redeem the bonds. Also no to basis step-up. Also, the interest should have been reported on an income tax return for the year when the Savings Bonds matur...
by Longdog
Fri Sep 01, 2017 1:53 pm
Forum: Investing - Help with Personal Investments
Topic: Need tax advice selling wellington
Replies: 33
Views: 1859

Re: Need tax advice selling wellington

I would like to sell wellington and go an with index funds but need tax advice on how to do this. I make about 35K in income a year with wellington and have no other income. I have a 40k gain in wellington. How do I sell wellington in the best way as not to get hit hard with taxes. I am also on oba...
by Longdog
Wed Aug 30, 2017 5:36 pm
Forum: Investing - Help with Personal Investments
Topic: Corrected Consolidated 1099 from Vanguard - Help!
Replies: 10
Views: 828

Re: Corrected Consolidated 1099 from Vanguard - Help!

If the original form indicated "Cost Basis Not Reported to IRS" and the new form also indicates "Cost Basis Not Reported to IRS" and the only thing different is the cost basis value, then you may not need to do anything. The value in the first 1099-B may have only been for your convenience, but it w...
by Longdog
Tue Aug 29, 2017 6:32 am
Forum: Investing - Help with Personal Investments
Topic: Relative angry I will not co-sign
Replies: 90
Views: 8031

Re: Relative angry I will not co-sign

windaar wrote:
Tue Aug 29, 2017 6:03 am
Are there other ways that I can help, or is this relationship just a lost cause at the point?
Assuming this relative is a fully-functioning adult, it seems to me it is a lost cause, not of your own making.
by Longdog
Tue Aug 29, 2017 6:25 am
Forum: Investing - Help with Personal Investments
Topic: new job, near Roth IRA limit, what to do?
Replies: 7
Views: 732

Re: new job, near Roth IRA limit, what to do?

kinvest wrote:
Mon Aug 28, 2017 11:55 pm
1) Keep old 401(k) and utilize backdoor Roth IRA
This is your best option. Keep in mind that it is not a forever decision. You can leave it in the old 401k for years, and at some point change your mind then roll it over to another employer's 401k or an IRA.
by Longdog
Tue Aug 29, 2017 4:30 am
Forum: Personal Finance (Not Investing)
Topic: Purchasing a Health Plan - Not Marketplace
Replies: 46
Views: 2628

Re: Purchasing a Health Plan - Not Marketplace

Any ACA compliant plan must cover pre-existing conditions, whether purchased on the exchange or not (i.e., directly from the insurance provider).
by Longdog
Thu Aug 17, 2017 5:34 pm
Forum: Investing - Help with Personal Investments
Topic: Sell VTSAX to pay off car loan?
Replies: 12
Views: 740

Re: Sell VTSAX to pay off car loan?

thangngo wrote:
Thu Aug 17, 2017 5:28 pm
If you don't have no other source of income, then it makes sense to sell stocks for cash to pay off the loan.

If you have other source of income, selling stocks in taxable account is next to the worst thing you can do.
What's the worst thing?
by Longdog
Thu Aug 17, 2017 5:33 pm
Forum: Investing - Help with Personal Investments
Topic: Sell VTSAX to pay off car loan?
Replies: 12
Views: 740

Re: Sell VTSAX to pay off car loan?

I currently have a car loan for $11,250k at 5.1% APR that will ammoratize in 1 year if all payments are paid on time. I hold many shares of VTSAX and have considered selling to pay off the car loan, and just using the money that would be put towards the loan back into the market, buying VTSAX. I be...
by Longdog
Sun Aug 13, 2017 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Expect to spend $2.6M on healthcare?
Replies: 66
Views: 6455

Re: Expect to spend $2.6M on healthcare?

I don't think that's the right calculation, unless you run a tab on all your medical expenses with the intent to pay them all in one lump sum the day prior to your expiration date.
by Longdog
Sun Aug 13, 2017 1:11 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2018!
Replies: 21
Views: 3138

Re: Roll Call for the Retirement Class of 2018!

I am targeting June 2018 at age 53. I have already exceeded my number, having accumulated much more than I ever imagined I could, mostly, I believe, by LWBYM (LBYM with an exclamatory "way" thrown in). Disregarding tax liabilities, charity, and health insurance - an important consideration causing m...
by Longdog
Sat Aug 12, 2017 8:29 am
Forum: Personal Finance (Not Investing)
Topic: When to pay estimated taxes on mutual fund distributions in December 2018?
Replies: 32
Views: 1985

Re: When to pay estimated taxes on mutual fund distributions in December 2018?

Fidelity's mutual funds for Total U.S. Stock Market and international will pay a hefty distribution in December 2018. Each around $0.97 per share in dividends and $0.30 per share in capital gains. If investors wait until April 2019 to pay the taxes due, this could create a penalty for owing more th...
by Longdog
Tue Aug 08, 2017 4:29 am
Forum: Investing - Help with Personal Investments
Topic: Accidentally held onto RSU's
Replies: 10
Views: 1742

Re: Accidentally held onto RSU's

If you regularly donate to charities, consider donating the shares with the highest appreciation instead of cash. You avoid the capital gains tax and get to take the full deduction.
by Longdog
Mon Aug 07, 2017 4:16 pm
Forum: Personal Consumer Issues
Topic: Bose Noise Cancelling Headphones
Replies: 49
Views: 3940

Re: Bose Noise Cancelling Headphones

qc35's, factory refurbished, your favorite auction site... ~260ish if you search. On our last vacation we hit an outlet store and I got a pair of QC35s over-ears for flying and use around the house, along with a pair of QC30 buds (extra 25% off!) for walking the dog. Your dog is happy with the QC30...
by Longdog
Sun Aug 06, 2017 8:14 pm
Forum: Personal Consumer Issues
Topic: Bose Noise Cancelling Headphones
Replies: 49
Views: 3940

Re: Bose Noise Cancelling Headphones

I use my QC35s on the hour train ride to/from work, as well as on plane rides. I used to be an audiophile but gave up the search for perfection, and am happy enough with "very good." For Bluetooth, Noise Canceling, over the ear headphones they're very comfortable, sound very good, and have excellent...
by Longdog
Sun Aug 06, 2017 6:13 am
Forum: Personal Finance (Not Investing)
Topic: 401k loan for house down payment?
Replies: 11
Views: 1088

Re: 401k loan for house down payment?

Any risks? Yes. If you leave a job (whether voluntarily or not), you will be required to pay back the balance of the 401k loan or it becomes treated as an early withdrawal from the 401k and subject to taxes and, if you are under 55, a 10% penalty.
by Longdog
Fri Aug 04, 2017 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: 1099 from estate proceeds that are gifted MAGI impact
Replies: 6
Views: 552

Re: 1099 from estate proceeds that are gifted MAGI impact

I think the individual can disclaim the inheritance, in which case it will be as if it never happened. But if she/he accepts the inheritance, I think the cost basis of the real property will be approximately, if not exactly, their portion of the proceeds reported on the 1099. So, it really wouldn't ...
by Longdog
Tue Aug 01, 2017 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Number of withdrawals permitted/personal savings account
Replies: 11
Views: 1100

Re: Number of withdrawals permitted/personal savings account

Is it possible that your "month" was not the 1st - 31st of the month, but mid-month to mid-month?
by Longdog
Tue Aug 01, 2017 1:42 pm
Forum: Personal Consumer Issues
Topic: Tesla Model 3 or Chevy Bolt?
Replies: 330
Views: 33026

Re: Tesla Model 3 or Chevy Bolt?

I have a feeling Tesla will start to include the enhanced autopilot feature as standard once the Federal tax credit ends, to compensate for that loss. Since the cars will have all of the hardware necessary, it won't be difficult to do. That would tick me off since I paid 5k and it still drives like...
by Longdog
Tue Aug 01, 2017 7:05 am
Forum: Personal Consumer Issues
Topic: Tesla Model 3 or Chevy Bolt?
Replies: 330
Views: 33026

Re: Tesla Model 3 or Chevy Bolt?

I have a feeling Tesla will start to include the enhanced autopilot feature as standard once the Federal tax credit ends, to compensate for that loss. Since the cars will have all of the hardware necessary, it won't be difficult to do. It might be difficult. Right now, there is disagreement re what...
by Longdog
Tue Aug 01, 2017 6:06 am
Forum: Personal Consumer Issues
Topic: Tesla Model 3 or Chevy Bolt?
Replies: 330
Views: 33026

Re: Tesla Model 3 or Chevy Bolt?

I am curious to see what happens when the federal rebate ends for Tesla. Certainly it had a BIG impact on sales in Hong Kong. I heard they have around 1/2 million reservations for the 3. California ended rebates for roof top solar, so I doubt they will ride to the rescue of Tesla when the federal r...
by Longdog
Sun Jul 30, 2017 6:49 am
Forum: Investing - Help with Personal Investments
Topic: CD Ladder
Replies: 16
Views: 2043

Re: CD Ladder

Ran a CD lader with Fidelity, 3, 6, 9 and 12 months. All 4 of them showed up as First Bank of China. Is this a major risk as its not diversified? I saw this and didn't buy yet. What do you folks think? Depends how it is registered, how much money is in the ladder, and how much other money you might...
by Longdog
Tue Jul 25, 2017 1:44 pm
Forum: Investing - Theory, News & General
Topic: Changes in your risk profile
Replies: 13
Views: 807

Re: Changes in your risk profile

Longdog asks: "If your "need" to take risk has decreased because of the recent strong market performance, and you act on that need by reducing the amount of "new" money being put into the market, would that be considered market timing? " Uh, why would an adult, capable of looking after him/herself,...
by Longdog
Tue Jul 25, 2017 12:58 pm
Forum: Investing - Theory, News & General
Topic: Changes in your risk profile
Replies: 13
Views: 807

Re: Changes in your risk profile

That would be considered market timing. If the strong market performance resulted in rebalancing bands being triggered, then that is a different story. But in that case I would just buy more bonds with new money and continue investing as usual otherwise. That's not quite what happened. What happene...
by Longdog
Tue Jul 25, 2017 12:01 pm
Forum: Investing - Theory, News & General
Topic: Changes in your risk profile
Replies: 13
Views: 807

Changes in your risk profile

We know your asset allocation should be based on your need, willingness, and ability to take risk. If your "need" to take risk has decreased because of the recent strong market performance, and you act on that need by reducing the amount of "new" money being put into the market, would that be consid...
by Longdog
Tue Jul 25, 2017 11:49 am
Forum: Investing - Help with Personal Investments
Topic: Inherited taxable account: how to get from there to here
Replies: 10
Views: 1025

Re: Inherited taxable account: how to get from there to here

On item 2, sell everything now and out them into your desired allocation. Since you state this is an inheritance, there was a step-up in basis on the date of death. Thus, the only capital gains you have are from the day of death.
by Longdog
Sun Jul 23, 2017 5:50 pm
Forum: Investing - Help with Personal Investments
Topic: Pension buyout option
Replies: 11
Views: 903

Re: Pension buyout option

I had almost the exact same offer a few years ago. I did a calculation by figuring what rate of return I'd need to earn to purchase an immediate annuity at age 65 paying out the $420 per month. I used the current price of immediate annuities. I forget the exact number, but I think I calculated I'd n...
by Longdog
Sun Jul 23, 2017 7:23 am
Forum: Personal Finance (Not Investing)
Topic: My risk tolerance suddenly went down
Replies: 33
Views: 5582

Re: My risk tolerance suddenly went down

I have a job offer. It's an hour away, most of which is train. I start in 2 weeks. My pay is going up substantially... Going to have to recalibrate my life a bit.. it's +45k above my last job I want to avoid the bank account shock of having too much income so I'm thinking about maxing out their 401...
by Longdog
Sat Jul 22, 2017 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Teenager taking out loans to establish good credit
Replies: 24
Views: 1457

Re: Teenager taking out loans to establish good credit

It's quite likely that you'll be offered a credit card once you start college, even without a credit score. It's the only time in your life that will happen. Take advantage of it, use it for small charges monthly, and pay off IN FULL each month. Don't charge anything that you don't have the cash to ...
by Longdog
Sat Jul 22, 2017 12:53 pm
Forum: Investing - Theory, News & General
Topic: Fraud???
Replies: 15
Views: 2697

Re: Fraud???

I made a small transaction on Vanguard last night, and received a confirmation. This morning I received an email from Vanguard saying confirmation of my account profile update was available at Vanguard.com. However, I did not make any update on my account profile. I called Vanguard, including the n...
by Longdog
Thu Jul 20, 2017 2:24 pm
Forum: Personal Consumer Issues
Topic: SAT scores - whats the point??
Replies: 37
Views: 2008

Re: SAT scores - whats the point??

Because colleges have academic reputations that they strive to uphold. It is their credibility as an institution that is at stake.