Search found 1352 matches

by Longdog
Mon Nov 11, 2019 3:01 pm
Forum: Personal Investments
Topic: Tax Gain Harvesting and Dividend Schedule
Replies: 33
Views: 1310

Re: Tax Gain Harvesting and Dividend Schedule

I think you meant to say that index funds are more tax efficient than actively managed funds. However, both VTI and VTSAX are index funds, one the ETF version and one the mutual fund version of the exact same index. The only difference between them is 0.01% of Expense Ratio, so an investment of $26...
by Longdog
Mon Nov 11, 2019 9:47 am
Forum: Personal Investments
Topic: Tax Gain Harvesting and Dividend Schedule
Replies: 33
Views: 1310

Re: Tax Gain Harvesting and Dividend Schedule

I think you meant to say that index funds are more tax efficient than actively managed funds. However, both VTI and VTSAX are index funds, one the ETF version and one the mutual fund version of the exact same index. The only difference between them is 0.01% of Expense Ratio, so an investment of $26,...
by Longdog
Sat Nov 09, 2019 9:48 am
Forum: Personal Finance (Not Investing)
Topic: shocking hospital fee estimate
Replies: 45
Views: 3957

Re: shocking hospital fee estimate

This is our healthcare system. Its also why many of the well-off Bogleheads, "coincidentally" are physicians. I've always thought tech was a better honeypot than medicine. You can get started younger, and with less debt and less overhead. Plus no one dies or sues you. Plus the hours are better and ...
by Longdog
Tue Nov 05, 2019 4:49 pm
Forum: Personal Investments
Topic: FIFO - Which shares get sold when you have standing orders and submit a new order?
Replies: 9
Views: 321

Re: FIFO - Which shares get sold when you have standing orders and submit a new order?

Share lots aren’t assigned to a sale until the sale settles two business days later. Does that help? Thanks! So it sounds like until the sale settles, which they haven’t for the two 60 day good till cancelled orders, the oldest shares would be selected for the newest order. Right? Not what I wanted...
by Longdog
Tue Nov 05, 2019 4:46 pm
Forum: Personal Investments
Topic: Thoughts on investing small amounts in individual stocks and using the proceeds to buy those company's products?
Replies: 11
Views: 565

Re: Thoughts on investing small amounts in individual stocks and using the proceeds to buy those company's products?

You’re tying together unrelated transactions and trying to rationalize that emotional behavior as financially meaningful.
by Longdog
Tue Nov 05, 2019 4:40 pm
Forum: Personal Investments
Topic: FIFO - Which shares get sold when you have standing orders and submit a new order?
Replies: 9
Views: 321

Re: FIFO - Which shares get sold when you have standing orders and submit a new order?

Share lots aren’t assigned to a sale until the sale settles two business days later. Does that help?
by Longdog
Tue Nov 05, 2019 5:46 am
Forum: Personal Investments
Topic: Are CDs worth investing in these days?
Replies: 3
Views: 1115

Re: Are CDs worth investing in these days?

If short-term rates drop to zero, or near zero as they did about 10 years ago, the 1.8% CD she purchased now would seem like a great deal!
by Longdog
Mon Nov 04, 2019 5:37 pm
Forum: Personal Investments
Topic: After tax 401k contributions
Replies: 13
Views: 792

Re: After tax 401k contributions

Could those after tax contributions be rolled over to a Roth IRA when you eventually leave the company? If so, there could be a significant future benefit.
by Longdog
Sun Nov 03, 2019 6:03 pm
Forum: Personal Investments
Topic: Is there a typical age (or years until retirement) where Roth IRA stops making sense vs pre-tax (401k)?
Replies: 17
Views: 2375

Re: Is there a typical age (or years until retirement) where Roth IRA stops making sense vs pre-tax (401k)?

Generally, if your current marginal tax bracket is higher than your expected tax bracket in retirement, than pre-tax contributions make the most sense. If the opposite is the case, then Roth contributions are generally more beneficial.
by Longdog
Wed Oct 30, 2019 5:50 am
Forum: Personal Finance (Not Investing)
Topic: Apple Pay. Does anyone use it?
Replies: 178
Views: 10561

Re: Apple Pay. Does anyone use it?

I use it when I can. It saves me maybe 5 seconds on every transaction. With all that extra time I now have available I’ve started a multi-billion dollar business. 😀

In other words, it’s fine, it’s somewhat convenient, but its actual value is very oversold in my opinion.
by Longdog
Fri Oct 25, 2019 7:40 am
Forum: Personal Finance (Not Investing)
Topic: Who does your tax returns?
Replies: 103
Views: 5162

Re: Who does your tax returns?

I do it myself, and have used both TurboTax and H&R Block software. I understand every item and every calculation. If you’re not doing it yourself (perhaps using Turbotax or similar software package), or at least carefully reviewing what someone else has done for you so that you can do it yourself t...
by Longdog
Tue Oct 22, 2019 1:15 pm
Forum: Personal Consumer Issues
Topic: Brisket Recipe
Replies: 19
Views: 2404

Re: Brisket Recipe

I was reading with great anticipation, mouth watering, hoping your post was going to finish with an open invitation to all Bogleheads to come to your house for some smokin’ delicious brisket. :wink:
by Longdog
Sun Oct 20, 2019 7:33 am
Forum: Personal Finance (Not Investing)
Topic: Will there be taxes due on a pension if withdrawn
Replies: 15
Views: 1054

Re: Will there be taxes due on a pension if withdrawn

Is the $261,000 an actual cash balance that can be rolled over to your IRA, or is that the present value of the monthly payments starting at some point in time?
by Longdog
Sat Oct 19, 2019 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Homebuyer wants me to do a 1031 exchange. Um, what?
Replies: 81
Views: 8473

Re: Homebuyer wants me to do a 1031 exchange. Um, what?

How are you supposed to know why the buyer is buying, or what other transactions he/she has or will have? I thought the specifics of the property itself (price, income, whatever) were what was need, so the buyer is documenting the similarity/etc., of the properties (the one the buyer is selling as ...
by Longdog
Thu Oct 17, 2019 8:27 am
Forum: Personal Consumer Issues
Topic: Remembering a Beloved Family Pet
Replies: 14
Views: 950

Re: Remembering a Beloved Family Pet

I’m very sorry you’re going through this. I lost my 15 year old dachshund few months ago, and while I know I gave him a long and fantastic life despite many, many health issues, I still miss him so much. I have his ashes in a nice urn with the best picture I ever took of him on the front, as well as...
by Longdog
Wed Oct 16, 2019 5:51 am
Forum: Personal Investments
Topic: Are dividend from VTSAX qualified dividends?
Replies: 2
Views: 510

Re: Are dividend from VTSAX qualified dividends?

Mostly they are but not 100%
by Longdog
Sun Oct 13, 2019 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: 2020 Social Security Maximum Taxable Earnings $137,700
Replies: 39
Views: 5111

Re: 2020 Social Security Maximum Taxable Earnings $137,700

It's interesting that taxable earnings are able to increase at over twice the rate of inflation. This used to puzzle me before I FIREd, but now it is meaningless to me. Does anybody know why this is the case? For those that are not yet 62, future benefits are greater whenever average wage inflation...
by Longdog
Sun Oct 13, 2019 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: 2020 Social Security Maximum Taxable Earnings $137,700
Replies: 39
Views: 5111

Re: 2020 Social Security Maximum Taxable Earnings $137,700

It's interesting that taxable earnings are able to increase at over twice the rate of inflation. This used to puzzle me before I FIREd, but now it is meaningless to me. Does anybody know why this is the case? For those that are not yet 62, future benefits are greater whenever average wage inflation...
by Longdog
Fri Oct 11, 2019 5:43 am
Forum: Personal Finance (Not Investing)
Topic: GE Pension Buyout
Replies: 82
Views: 10860

Re: GE Pension Buyout

It might be helpful to know the rest of your situation (e.g. health, paying for kid's college, other pensions, retirement investments, taxable investments, want to leave an inheritance, etc.). Since you are 15+ years away from RMDs (maybe even longer if they raise the age), in some situations, it m...
by Longdog
Thu Oct 10, 2019 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: GE Pension Buyout
Replies: 82
Views: 10860

Re: GE Pension Buyout

I started my career at GE in 1987 and worked there for 12 years. During that time i vested in their DC pension plan. This week GE froze its pension for current employees, and offered a buyout to former employees who have not started receiving benefits. I received (online) a buyout letter which spel...
by Longdog
Wed Oct 09, 2019 7:47 pm
Forum: Personal Investments
Topic: Roth IRA’s odd contribution question
Replies: 13
Views: 1044

Re: Roth IRA’s odd contribution question

It is your gross earned income of $28k that supports the contribution to the Roth IRA not that those dollars actually are used or taxed on your return. You can absolutely contribute to Roth from your savings to the full $7k each if you wish. Cheers I believe that this is incorrect. There is a basic...
by Longdog
Sat Sep 28, 2019 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: financially clueless senior MIL who thinks she’s rich
Replies: 162
Views: 20132

Re: financially clueless senior MIL who thinks she’s rich

I filled out this personalized LE calculator for a women born in 1935 going out of my way to give what I believed were the most LE-favorable answer to each of many questions, and the life expectancy came out 107. Again I deliberately tried to get a maximum answer (no stress, sleep well, exercise a ...
by Longdog
Tue Sep 24, 2019 5:47 am
Forum: Personal Investments
Topic: Garrett Fee Only
Replies: 18
Views: 1978

Re: Garrett Fee Only

A couple of thoughts. First, if you’re only talking about “a few years” then it would seem like an easy calculation of multiplying your yearly expenses by the number of years of travel, and adjusting upward a bit for inflation. Keep that amount in a laddered CD or similar arrangement because you can...
by Longdog
Sun Sep 22, 2019 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Retirement date of 12/31/2019 vs. 2/28/2020
Replies: 18
Views: 1369

Re: Retirement date of 12/31/2019 vs. 2/28/2020

Every extra day/month/year you work is one less day you have to fend for yourself. :happy That, of course, is the whole premise of the “One More Year (OMY)” phenomenon. If it were me, if the job was tolerable, I’d wait a couple more months and max out additional retirement accounts. At some point yo...
by Longdog
Sat Sep 21, 2019 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: How to value RSU during salary negotiation
Replies: 36
Views: 3142

Re: How to value RSU during salary negotiation

It seems like the new role is a step down, financially, from your current role. More stress; less compensation. If you can’t get total compensation at least 10% higher, but more likely 15% higher, I’d pass. What do you hope to gain from it?
by Longdog
Thu Sep 19, 2019 4:54 pm
Forum: Personal Investments
Topic: How to Interpret a Zero Coupon Municipal Bond
Replies: 44
Views: 2382

Re: How to Interpret a Zero Coupon Municipal Bond

. If your goal is to take risk on the equity side and leave the fixed income side for safety, you could do better than holding an individual zero coupon NJ bond insured by a company which filed for bankruptcy. Why would that be anyone’s goal? If someone wanted to put their entire nest egg in a sing...
by Longdog
Wed Sep 18, 2019 10:26 am
Forum: Personal Investments
Topic: 1Mil$ Dollar-Cost Averaging is a strategy
Replies: 48
Views: 2814

Re: 1Mil$ Dollar-Cost Averaging is a strategy

I think you should first determine what his overall asset allocation should be based on need, ability, and desire to take risk, then allocate all of his portfolio based on that analysis.
by Longdog
Sat Sep 14, 2019 4:34 am
Forum: Personal Consumer Issues
Topic: What to expect at a Jewish funeral?
Replies: 7
Views: 2190

Re: What to expect at a Jewish funeral?

You will do fine. In my experience the family will welcome your attendance and will be happy to answer questions with regard to ceremony, customs, or traditions.
by Longdog
Tue Sep 10, 2019 9:41 am
Forum: Personal Consumer Issues
Topic: Man’s life savings stolen from hijacked cellphone number
Replies: 241
Views: 28582

Re: Man’s life savings stolen from hijacked cellphone number

Maybe I'm too old fashioned. Home computers are for financial transactions. Cell phones are for calls and email and contain no financial information. I never use my phone for financial transactions. Never. I have two home iPads which I use for financial transactions via web page. No passwords store...
by Longdog
Sun Sep 08, 2019 6:43 pm
Forum: Personal Investments
Topic: Cash Balance Pension Early Termination - Lump Sum/Annuity
Replies: 9
Views: 842

Re: Cash Balance Pension Early Termination - Lump Sum/Annuity

Wouldn’t the basis on the IRA be zero?
by Longdog
Sun Sep 08, 2019 8:49 am
Forum: Personal Consumer Issues
Topic: Elderly Parents have 3 day layover in Fort Lauderdale. What to do?
Replies: 24
Views: 2354

Re: Elderly Parents have 3 day layover in Fort Lauderdale. What to do?

I’m not suggesting this would occupy all their time, but if they stay in that area they might enjoy a visit to the Morikami Museum and Japanese Gardens (https://morikami.org/)
by Longdog
Thu Sep 05, 2019 7:49 pm
Forum: Personal Consumer Issues
Topic: Pre-paid Funeral Expenses
Replies: 66
Views: 3970

Re: Pre-paid Funeral Expenses

One benefit is that at a time of extreme stress and sorrow, it reduces at least one source of stress so family members can only focus on grieving the loss of their loved one. The bigger benefit is that it removes those funds from assets that count against Medicaid eligibility. This would be most ap...
by Longdog
Wed Sep 04, 2019 6:03 am
Forum: Personal Consumer Issues
Topic: Pre-paid Funeral Expenses
Replies: 66
Views: 3970

Re: Pre-paid Funeral Expenses

One benefit is that at a time of extreme stress and sorrow, it reduces at least one source of stress so family members can only focus on grieving the loss of their loved one. The bigger benefit is that it removes those funds from assets that count against Medicaid eligibility. This would be most app...
by Longdog
Thu Aug 29, 2019 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: Lump sum rollover to IRA-are withdrawals penalized before 59 1/2?
Replies: 5
Views: 198

Re: Lump sum rollover to IRA-are withdrawals penalized before 59 1/2?

You would probably be better to withdraw from your 401k than your IRA. If you leave a company on or after you are 55, then you can withdraw from that company's 401k free of penalty right away. You wouldn't have to worry about the rule of 59 1/2 in this case. Good luck!
by Longdog
Wed Aug 28, 2019 10:04 am
Forum: Personal Investments
Topic: Individual municipal bonds vs municipal bond funds
Replies: 17
Views: 1082

Re: Individual municipal bonds vs municipal bond funds

The second bond had an initial offering price of $125.91 and a yield to its first call date (6/15/2027) of 1.54%.
by Longdog
Sat Aug 17, 2019 8:22 pm
Forum: Personal Investments
Topic: Plan for my mom
Replies: 30
Views: 2418

Re: Plan for my mom

In addition to all the suggestions here about how to invest your mom’s limited assets, and depending on your financial situation, I would encourage you and your siblings (if any) to discuss and agree to start putting aside a small amount each month/year so that you’re prepared to step in to suppleme...
by Longdog
Thu Aug 15, 2019 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: question about Anthem announcement: not paying for outpatient MRI and CT
Replies: 14
Views: 1984

Re: question about Anthem announcement: not paying for outpatient MRI and CT

jacoavlu wrote:
Thu Aug 15, 2019 4:22 pm
Specifics matter.
They sure do. How would a layperson know enough to make the best decision for him or herself? It seems like every party involved in the transaction has their own angle, so you don’t know who to trust.
by Longdog
Thu Aug 08, 2019 7:23 pm
Forum: Personal Consumer Issues
Topic: Omega watch expenses
Replies: 38
Views: 3089

Re: Omega watch expenses

Just in case you hadn't heard, the radio station WWVB (Colorado's beacon) is going to be shutdown in the proposed budget for NIST's 2019 budget. :( No I had not heard that. I hope it doesn’t happen or my ultra-accurate watch will become just an ordinary watch. And the atomic clocks in my house will...
by Longdog
Thu Aug 08, 2019 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: ACA refund vs subsidy
Replies: 6
Views: 451

Re: ACA refund vs subsidy

You don’t actually have to make that decision until the last day of the year.
by Longdog
Tue Aug 06, 2019 1:10 pm
Forum: Personal Investments
Topic: Optimal way to receive a bonus (several variables involved)
Replies: 3
Views: 355

Re: Optimal way to receive a bonus

Can it be directed to a Roth 401k? (Kind of doubt it.) If not, then take it as a taxable amount, and contribute to your 401k whatever is needed to get your maximum company match. Also, I think the federal withholding will be 22% not 24%.
by Longdog
Tue Aug 06, 2019 12:59 pm
Forum: Investing - Theory, News & General
Topic: Is this right? "if you live off dividends, a crash in stocks prices doesn't matter"
Replies: 247
Views: 18982

Re: Is this right? "if you live off dividends, a crash in stocks prices doesn't matter"

I'm just curious about the dividend approach, what are the specific pros can cons. I prefer to determine the timing of my income rather than having a company I invest in determine it by declaring a dividend. How do you do this? By calling the CFOs of all of the companies you own stock in and instru...
by Longdog
Tue Aug 06, 2019 10:47 am
Forum: Investing - Theory, News & General
Topic: Is this right? "if you live off dividends, a crash in stocks prices doesn't matter"
Replies: 247
Views: 18982

Re: Is this right? "if you live off dividends, a crash in stocks prices doesn't matter"

I'm just curious about the dividend approach, what are the specific pros can cons. I prefer to determine the timing of my income rather than having a company I invest in determine it by declaring a dividend. How do you do this? By calling the CFOs of all of the companies you own stock in and instru...
by Longdog
Sat Aug 03, 2019 5:42 pm
Forum: Personal Investments
Topic: Tax question on MF exchange
Replies: 7
Views: 410

Re: Tax question on MF exchange

Did you buy it all in a single transaction?
by Longdog
Fri Aug 02, 2019 7:23 pm
Forum: Investing - Theory, News & General
Topic: Where should I put money I don’t need?
Replies: 11
Views: 1413

Re: Where should I put money I don’t need?

If you have any loans, pay them down or pay them off.
by Longdog
Wed Jul 31, 2019 9:36 am
Forum: Personal Investments
Topic: Passing assets to our children
Replies: 9
Views: 757

Re: Passing assets to our children

One thing to consider is that it is beneficial to inherit appreciated securities (as opposed to receiving them as a gift during an individual's lifetime) because there will be a step-up in basis to the beneficiary, lowering the tax obligation if/when they are sold.
by Longdog
Wed Jul 31, 2019 6:57 am
Forum: Personal Consumer Issues
Topic: Should I finance new car purchase?
Replies: 16
Views: 1418

Re: Should I finance new car purchase?

I don’t think you can go wrong with any of those car options, and any of the financing options you listed (especially the zero percent Subaru loan, but even the 1.9% loans are not a big deal) if those loans are factory financing and don’t require a dealer contribution. All are great cars. I get that...
by Longdog
Sun Jul 21, 2019 5:21 am
Forum: Investing - Theory, News & General
Topic: Maxing a Roth IRA through conversion Annually
Replies: 5
Views: 674

Re: Maxing a Roth IRA through conversion Annually

You could contribute lump sum to a Money Market fund in a traditional IRA, do the conversion to Roth, and then within the Roth do the DCA.
by Longdog
Fri Jul 19, 2019 2:38 pm
Forum: Personal Investments
Topic: Journey to retiring at 52.
Replies: 14
Views: 2010

Re: Journey to retiring at 52.

PVW wrote:
Fri Jul 19, 2019 12:10 pm
For my financial plan, I'm not planning to die early, so I'm only concerned with the probability of going broke if I live to 100. My heirs will be happy if I die early.
Are you really that unpleasant a person? I appreciate your honesty in saying so. :happy
by Longdog
Fri Jul 19, 2019 2:22 pm
Forum: Investing - Theory, News & General
Topic: Vanguard says VTI is more tax-efficient than VTSAX
Replies: 32
Views: 3341

Re: Vanguard says VTI is more tax-efficient than VTSAX

For ETF's, how long you've held matters so you're only paying taxes on your actual share of the gains. Stock ETFs have a declaration date, an ex-dividend date, and a distribution date whenever a distribution occurs. If you hold the ETF prior to the ex-dividend date, you will get the full declared d...
by Longdog
Fri Jul 19, 2019 12:09 pm
Forum: Investing - Theory, News & General
Topic: Vanguard says VTI is more tax-efficient than VTSAX
Replies: 32
Views: 3341

Re: Vanguard says VTI is more tax-efficient than VTSAX

For ETF's, how long you've held matters so you're only paying taxes on your actual share of the gains. Stock ETFs have a declaration date, an ex-dividend date, and a distribution date whenever a distribution occurs. If you hold the ETF prior to the ex-dividend date, you will get the full declared d...