Search found 1179 matches

by Longdog
Fri Jan 18, 2019 5:12 am
Forum: Investing - Theory, News & General
Topic: Government shutdown and US Treasuries
Replies: 14
Views: 2034

Re: Government shutdown and US Treasuries

One of the ratings agencies (Fitch) warned that they are considering lowering the rating for U.S. debt if the shutdown persists too long. Standard and Poors did this in 2011. So, clearly, there are experts in analyzing credit worthiness who are concerned.
by Longdog
Thu Jan 17, 2019 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security work only 1 quarter in a year
Replies: 6
Views: 707

Re: Social Security work only 1 quarter in a year

Whatever you earn will count toward your 2019 earnings. If it’s in the top 35 years, then sure, it will count in your benefits calculation.
by Longdog
Thu Jan 17, 2019 2:51 pm
Forum: Investing - Help with Personal Investments
Topic: Should I buy Company Stock in 401(k)
Replies: 8
Views: 525

Re: Should I buy Company Stock in 401(k)

Simple: no, you should not buy your company's stock in your 401k.
by Longdog
Wed Jan 16, 2019 7:47 pm
Forum: Investing - Help with Personal Investments
Topic: Not getting transaction confirmation emails
Replies: 12
Views: 614

Re: Not getting transaction confirmation emails

I still get transaction confirmations by email to my gmail account. They have not stopped, and I even received several this past week including today. They do not go to spam.
by Longdog
Sun Jan 13, 2019 6:54 am
Forum: Personal Finance (Not Investing)
Topic: How would you interpret this comment from boss about possible redundancy package?
Replies: 8
Views: 1080

Re: How would you interpret this comment from boss about possible redundancy package?

I would try to find another position in the company for a month or two but if, after a reasonable period of time it seems unlikely, bring up the idea of the severance package again. I interpret their offering of a “soft” severance package as an indication that additional layoffs are coming and this ...
by Longdog
Sat Jan 12, 2019 1:06 pm
Forum: Investing - Help with Personal Investments
Topic: IRS trouble due to "U.S. Savings Bond Interest Previously Reported"?
Replies: 5
Views: 488

Re: IRS trouble due to "U.S. Savings Bond Interest Previously Reported"?

Is this a hypothetical question? Like maybe you are wondering whether you should include the EE bond interest on a final return that hasn't been filed yet? (In which case, I think the answer is that you ("you" being the person who inherits the EE bonds from the deceased) keep the relevant pages of ...
by Longdog
Sat Jan 12, 2019 1:03 pm
Forum: Investing - Help with Personal Investments
Topic: IRS trouble due to "U.S. Savings Bond Interest Previously Reported"?
Replies: 5
Views: 488

Re: IRS trouble due to "U.S. Savings Bond Interest Previously Reported"?

Has anyone ever had a problem with the IRS due to subtracting inherited savings bond interest that was included on the decedent's final tax return? It seems like making a large amount of interest reported on a 1099-INT go away with a single line of generic text and no documentation might raise a re...
by Longdog
Sat Jan 12, 2019 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 561
Views: 59357

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

So I guess the "mass exodus" day is January 15 (the day we are free to transfer out our funds)?? That is right around the corner... January 16th. through January 15th , although if you do a transfer or anything else during the day on the 15th, it happens overnight, so that should be fine, but why p...
by Longdog
Sat Jan 12, 2019 10:13 am
Forum: Personal Finance (Not Investing)
Topic: 2017 State Tax Refunds Federally Taxable in 2018!!!
Replies: 16
Views: 2131

Re: 2017 State Tax Refunds Federally Taxable in 2018!!!

I agree that this doesn't sound right. The determination for whether a state tax refund for tax year 2017 (refunded in 2018) is Federally taxable in 2018 should be the same as it was for 2017. In other words, if it wasn't actually deducted in 2017 then it shouldn't be treated as taxable in 2018. In ...
by Longdog
Fri Jan 11, 2019 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Millionaire by 40 and How you Did it?
Replies: 90
Views: 10161

Re: Millionaire by 40 and How you Did it?

Wrote a book on "how to be a millionaire by 40". Sold one million copies at $1 each on Facebook. :) There was an old Steve Martin joke where he said he had a scheme about how to become a millionaire. He starts the joke with "First, get a million dollars". I started with $10M at age 30... :wink:
by Longdog
Tue Jan 08, 2019 3:38 pm
Forum: Investing - Help with Personal Investments
Topic: TLH and Roth Conversion
Replies: 6
Views: 264

Re: TLH and Roth Conversion

Although it appeared to be just a transfer of shares, unless the broker retitled the shares from one account to another I think transactionally it probably is a sale in your traditional IRA, a transfer of cash to your Roth IRA, and a purchase in your Roth IRA. I’m not claiming 100% certainty but my ...
by Longdog
Tue Jan 08, 2019 7:45 am
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting
Replies: 15
Views: 1326

Re: Tax Loss Harvesting

Well I made a huge mistake so thought I would share my misfortune and possibly prevent someone else making this mistake. I did tax loss harvesting in Vanguard after tax account of my trust and my wife's trust. My transactions did one at a time and went great. When doing the process for my wife it a...
by Longdog
Mon Jan 07, 2019 5:39 pm
Forum: Investing - Help with Personal Investments
Topic: High income earner with high debt.
Replies: 20
Views: 1971

Re: High income earner with high debt.

Nate79 wrote:
Sun Jan 06, 2019 9:37 pm
I would max out your retirement (which compared to your income doesnt even move the needle so it is mostly meaningless) and then pound on that debt. Debt free in two years max. Live like a broke doc. I would also build up a decent emergency fund asap.
A broke doctor with a $47k car. 😉
by Longdog
Mon Jan 07, 2019 8:31 am
Forum: Investing - Theory, News & General
Topic: Embarrassed to ask... dividends and Total Return
Replies: 39
Views: 4723

Re: Embarrassed to ask... dividends and Total Return

There's literally nothing good about dividends. Why do people keep defending them? Dividends should be reframed as: An annoying guy randomly sells off portions of your investments a few times a year, giving you extra taxes and lowering your return. I understand the dividend argument, I do. On the o...
by Longdog
Mon Jan 07, 2019 6:58 am
Forum: Investing - Theory, News & General
Topic: Embarrassed to ask... dividends and Total Return
Replies: 39
Views: 4723

Re: Embarrassed to ask... dividends and Total Return

They don't. Dividends don't make you wealthier at all. They do just the opposite: reduce your return. How do dividends "reduce your return?" Taxes Any time you sell shares or receive a dividend taxes are involved. Assuming at some point you want to use your assets for some tangible purpose, taxes w...
by Longdog
Sun Jan 06, 2019 8:46 am
Forum: Investing - Help with Personal Investments
Topic: Stopping 401k to buy up cash-flowing real estate?
Replies: 24
Views: 1863

Re: Stopping 401k to buy up cash-flowing real estate?

Like EHoops said, this probably isn't the ideal forum to ask this question unless you are sincerely looking for people to poke holes in your idea - which does seem like what you're going for! What you are proposing is fine, but isn't really a Boglehead style of investing. In my opinion, owning renta...
by Longdog
Sun Jan 06, 2019 7:28 am
Forum: Investing - Help with Personal Investments
Topic: 2019 tIRA to Roth conversion -- now or later?
Replies: 12
Views: 851

Re: 2019 tIRA to Roth conversion -- now or later?

How about converting some now and some later? Or maybe do a monthly conversion of 1/12 your annual target amount? Doesn't have to be all at once.
by Longdog
Sat Jan 05, 2019 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Tax withholding on stock option exercise
Replies: 10
Views: 354

Re: Tax withholding on stock option exercise

I exercised stock option late last year. The brokerage house withheld taxes from the proceeds: 22% for federal and 10.23% for state. My 2018 tax withholdings on W-2 incomes were enough before the exercise, but now not so. How can I avoid the under-withholding penalty when tax time comes? Make an es...
by Longdog
Sat Jan 05, 2019 4:39 am
Forum: Personal Finance (Not Investing)
Topic: HRBlock Appears to be Calculating Tax Wrong 1/4/2019
Replies: 25
Views: 2155

Re: HRBlock Appears to be Calculating Tax Wrong 1/4/2019

Also, realize that there will be a software update on or about January 10, and then there will be additional software updates every couple of weeks for a while. Bug fixes, form updates, and stuff like that.
by Longdog
Fri Jan 04, 2019 2:24 pm
Forum: Investing - Help with Personal Investments
Topic: Question on transferring a mega-backdoor Roth to a new custodian
Replies: 5
Views: 269

Re: Question on transferring a mega-backdoor Roth to a new custodian

It is up to your employer whether your 401k rules allow you to transfer Roth 401k funds to another custodian while you are still employed. This is typically referred to as an in-service distribution of after-tax contributions, but your description makes it sound as if you actually converted those af...
by Longdog
Fri Jan 04, 2019 9:15 am
Forum: Investing - Help with Personal Investments
Topic: 2019 Lump Sum IRA Contribution
Replies: 28
Views: 1939

Re: 2019 Lump Sum IRA Contribution

I have both stocks and bonds in my pre-tax 401k, and only stocks in my Roth IRA. My process of doing a back-door Roth is that I contribute to the traditional IRA and direct those new funds into the Money Market Fund. Then, on the day that I do the trad IRA -> Roth IRA conversion, I direct the Roth I...
by Longdog
Fri Jan 04, 2019 9:00 am
Forum: Investing - Help with Personal Investments
Topic: 2019 Lump Sum IRA Contribution
Replies: 28
Views: 1939

Re: 2019 Lump Sum IRA Contribution

Do honestly think there is even a remote chance that this is the bottom and you bought "on sale"? I'll bet you a dollar to a donut that you ain't seen nothing yet 8-) So let me understand this offer. You are willing to put up one dollar, to be paid out if the person taking you up on your offer "has...
by Longdog
Tue Jan 01, 2019 9:26 am
Forum: Investing - Theory, News & General
Topic: CNN Headline: The Dow finishes off its worst December since the Great Depression
Replies: 15
Views: 2650

Re: CNN Headline: The Dow finishes off its worst December since the Great Depression

Socal77 wrote:
Mon Dec 31, 2018 8:00 pm
It's a rare down year for total stock market... The next couple years will be very interesting IMO. :happy
Every year is interesting, isn't it?
by Longdog
Tue Jan 01, 2019 9:20 am
Forum: Investing - Help with Personal Investments
Topic: Opinions sought re: age-related investing issue
Replies: 39
Views: 2071

Re: Opinions sought re: age-related investing issue

3. Assuming a portfolio of $500,000, you'd be paying $5000 to your advisor, but your advisor might be "making you 4-7%" which is what the advisor she interviewed said he projected to be able to do, thus making it worth the price. In her case, the advisor is a relative, I believe, so she is inclined...
by Longdog
Tue Jan 01, 2019 7:42 am
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 338
Views: 23554

Re: Talk me out of buying a Tesla Model 3

HopeToGolf wrote:
Tue Jan 01, 2019 7:28 am

I bought EAP at the time of purchase, why buy a Tesla without the self-driving...right?
On the other hand, why buy a car that's so much fun to drive and rely on the car to drive itself, depriving yourself of the fun driving experience?
by Longdog
Tue Jan 01, 2019 6:41 am
Forum: Investing - Help with Personal Investments
Topic: Beginning or End of Year Roth Conversion
Replies: 4
Views: 436

Re: Beginning or End of Year Roth Conversion

I am not sure of the benefit of doing a Roth conversion and a withdrawal in the same year. Is it simply to allow for the possibility of tax free growth within the Roth from the beginning to the end of the year? If you know you need the money for expenses this year, it does not seem prudent to keep i...
by Longdog
Mon Dec 31, 2018 7:31 pm
Forum: Investing - Theory, News & General
Topic: Risks of secondary muni bonds?
Replies: 15
Views: 642

Re: Risks of secondary muni bonds?

And second, you are paying for the management of the portfolio - the bond analysis, decisions on which bonds to purchase, replacing bonds that mature or are called, selling bonds prior to maturity, etc. In theory those sorts of management costs should be reflected in the ER, no? The funds we're tal...
by Longdog
Mon Dec 31, 2018 6:05 pm
Forum: Investing - Theory, News & General
Topic: Risks of secondary muni bonds?
Replies: 15
Views: 642

Re: Risks of secondary muni bonds?

I think there are two primary differences, neither of which you mentioned. First is concentration risk. A mutual fund will hold hundreds of individual bond issues, so any individual bond represents a very small percentage of the portfolio, and any problem with a bond will not sink the entire portfol...
by Longdog
Mon Dec 31, 2018 7:40 am
Forum: Investing - Help with Personal Investments
Topic: VG fee for stock sale $7.09 instead of $7.00
Replies: 8
Views: 732

Re: VG fee for stock sale $7.09 instead of $7.00

Calculating cost basis on my mother's AT&T stock and all its spinoffs was one of the great pleasures of my life. Glad it's all sold. I previously worked for AT&T and I’m pretty sure my boss, a long time Bell Labs employee, was one of the few people in the world who had meticulously tracked all of t...
by Longdog
Mon Dec 31, 2018 5:14 am
Forum: Investing - Help with Personal Investments
Topic: Buying More Paper Assets or Rental Properties
Replies: 15
Views: 1299

Re: Buying More Paper Assets or Rental Properties

I do not want to turn this into a paper asset vs. rental property debate. <snip> Should I continue down the rental property path or increase taxable account? Any advice would be greatly appreciated. These two statements seem contradictory. I don’t know how the second question can be answered withou...
by Longdog
Sun Dec 30, 2018 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Father with Dementia Took a Full IRA Distribution
Replies: 56
Views: 5485

Re: Father with Dementia Took a Full IRA Distribution

I'm so sorry about your situation. This is probably not the case, but just in case - you can redeposit an IRA distribution back into an IRA within 60 days of the distribution, in which case the IRS will consider it a tax free rollover.
by Longdog
Sun Dec 30, 2018 8:16 am
Forum: Personal Consumer Issues
Topic: Remove damaged coating from prescription glasses
Replies: 29
Views: 2357

Re: Remove damaged coating from prescription glasses

livesoft wrote:
Thu Dec 27, 2018 7:20 am
Once my glasses got run over by a car (my head hurt, too).
:D I'll bet it did!
by Longdog
Sun Dec 30, 2018 5:41 am
Forum: Investing - Help with Personal Investments
Topic: Question on how to avoid partial wash sale when doing TLH
Replies: 5
Views: 396

Re: Question on how to avoid partial wash sale when doing TLH

There was another thread recently that indicated that since you cannot identify specific shares within an IRA, you’d need to get rid of them all prior to the tax loss harvest maneuver in your taxable account. I’d suggest waiting until next year when the 30 days have passed, then reconsidering the TL...
by Longdog
Sat Dec 29, 2018 1:08 pm
Forum: Personal Consumer Issues
Topic: Spam calls to cell phone...
Replies: 121
Views: 13596

Re: Spam calls to cell phone...

I have my cell phone set so that it only rings if the call is coming from a recognized number in my contact list. Any other call is silent. A legitimate caller will leave a message, and I will get it. Spam callers generally do not leave messages, and if they do it's only because the automated syste...
by Longdog
Sat Dec 29, 2018 8:53 am
Forum: Personal Consumer Issues
Topic: Spam calls to cell phone...
Replies: 121
Views: 13596

Re: Spam calls to cell phone...

I have my cell phone set so that it only rings if the call is coming from a recognized number in my contact list. Any other call is silent. A legitimate caller will leave a message, and I will get it. Spam callers generally do not leave messages, and if they do it's only because the automated system...
by Longdog
Sat Dec 29, 2018 8:49 am
Forum: Investing - Help with Personal Investments
Topic: VTI Dividend and Incorrect Execution
Replies: 7
Views: 688

Re: VTI Dividend and Incorrect Execution

It's never happened to me. If they did not follow the reinvestment settings for the account and ETF that were in place when the distribution occurred, call them and I'm confident they can reverse/correct the mistake. I would suggest that you double check the settings, though, just to make sure. They...
by Longdog
Sat Dec 29, 2018 7:08 am
Forum: Investing - Help with Personal Investments
Topic: What do you do with dividends?
Replies: 51
Views: 4434

Re: What do you do with dividends?

I have a few actively managed, albeit not horrible, stock mutual funds that I acquired before becoming aware of the virtues of indexing. They have significant unrealized capital gains, and I am currently in a high tax bracket. If I could do so without a significant tax liability, I'd sell them and m...
by Longdog
Fri Dec 28, 2018 8:00 am
Forum: Investing - Theory, News & General
Topic: Buying dips not recommended?
Replies: 52
Views: 3759

Re: Buying dips not recommended?

dwickenh wrote:
Thu Dec 27, 2018 5:52 pm
adamthesmythe wrote:
Thu Dec 27, 2018 5:44 pm
Always buy just before the upturn.
and only buy the ones that are going up!
And sell the day it reaches its peak.
by Longdog
Wed Dec 26, 2018 7:32 pm
Forum: Personal Consumer Issues
Topic: AT&T Landline - what's considered "Long Distance"
Replies: 22
Views: 1285

Re: AT&T Landline - what's considered "Long Distance"

Wow, this is like a vintage post. I thought the days of caring about local or long distance were gone and that pretty much all calling plans now have unlimited local and lost distance calling, with international being the only metered service any more.
by Longdog
Tue Dec 25, 2018 12:00 pm
Forum: Investing - Help with Personal Investments
Topic: Annual exclusion amount of gifting of RSU by a couple
Replies: 6
Views: 435

Re: Annual exclusion amount of gifting of RSU by a couple

Are you sure you can transfer ownership of your unvested RSUs? Or are you referring to the resulting shares of stock after vesting? If they’re vested, then they’re no longer RSUs but simply shares of stock. The receiver of the gift will inherit your cost basis, so when they sell they may have a tax ...
by Longdog
Sun Dec 23, 2018 6:47 pm
Forum: Investing - Theory, News & General
Topic: Does anybody not TLH due to slightly different returns?
Replies: 26
Views: 1087

Re: Does anybody not TLH due to slightly different returns?

What would happen if President TDG exchanges back into Total Stock 31 days later, under different scenarios of what happened in that short time frame (e.g., if the market rose 1%, 2% or lost 1%, 2%)? I know, Mr. President, you’re trying to limit the number of variables by assuming 1 TLH maneuver and...
by Longdog
Sun Dec 23, 2018 12:45 pm
Forum: Investing - Theory, News & General
Topic: When is the next all time high? An historical perspective
Replies: 15
Views: 2072

Re: When is the next all time high? An historical perspective

Is this another way to say, “always look at the bright side of life?”
by Longdog
Sat Dec 22, 2018 10:59 am
Forum: Investing - Help with Personal Investments
Topic: TLH right after dividend payments
Replies: 9
Views: 624

Re: TLH right after dividend payments

Longdog is not quite correct because they wrote "$500 of your loss will not be deductible." That's not right. Determine the number of shares purchased in the Roth IRA with the reinvested dividend. The loss on that number of shares is washed and will be permanently disallowed. That number should be ...
by Longdog
Sat Dec 22, 2018 9:27 am
Forum: Investing - Help with Personal Investments
Topic: TLH right after dividend payments
Replies: 9
Views: 624

Re: TLH right after dividend payments

I was taking a look at my taxable account this morning and between VLCAX and VTIAX I have about $26k in losses (lucky me!). Dividends were paid out yesterday across my taxable and roth accounts for about $3k. Do I understand correctly that if I TLH the $26k, the only impact of the $3k is that it be...
by Longdog
Sat Dec 22, 2018 7:16 am
Forum: Personal Consumer Issues
Topic: Making Large Purchases with Credit Card and Immediately Paying Off- Bad for Credit Score?
Replies: 44
Views: 3883

Re: Making Large Purchases with Credit Card and Immediately Paying Off- Bad for Credit Score?

I wouldn't pay it off the next day, but definitely pay it off in full (with all the other charges) when the next payment is due on the credit card. Give yourself the opportunity to earn a bit of interest on it, in addition to the 2% cash back.
by Longdog
Fri Dec 21, 2018 7:12 am
Forum: Investing - Help with Personal Investments
Topic: Should I redirect new 401k to Stable Value in light of current trends?
Replies: 16
Views: 1144

Re: Should I redirect new 401k to Stable Value in light of current trends?

It is timing the market, but if it makes you more comfortable, then that probably means you are a bit uncomfortable with your current asset allocation - which is totally fine, and a valuable lesson to learn when you are early in your investing career. Over time, as investors, we learn about our own ...
by Longdog
Mon Dec 17, 2018 7:06 am
Forum: Personal Consumer Issues
Topic: Should I buy a Tesla?
Replies: 123
Views: 6053

Re: Should I buy a Tesla?

Does it make sense that Tesla wants to sell you their car at retail but pay wholesale for your car? Makes about as much sense as Audi, BMW, Honda, Toyota, Ford, Hyundai, Kia etc., wanting to do the same. Regardless of dealer, trade-ins are usually sold at auction and show up on a used car lot somew...
by Longdog
Sat Dec 15, 2018 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Obamacare (ACA) Ruled Unconstitutional by Texas Federal Court
Replies: 190
Views: 14493

Re: Obamacare Ruled Illegal by Texas Federal Court

They already did eliminate the mandate in the new tax law. That's the entire premise of this ruling. "Resolution of these claims rests at the intersection of the ACA, the Supreme Court’s decision in NFIB, and the TCJA. In NFIB, the Supreme Court held the Individual Mandate was unconstitutional unde...
by Longdog
Sat Dec 15, 2018 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Obamacare (ACA) Ruled Unconstitutional by Texas Federal Court
Replies: 190
Views: 14493

Re: Obamacare Ruled Illegal by Texas Federal Court

This really is a non-issue. I haven’t read the entire ruling, but I read the order. The "problem" the court found with the law seems easily fixable by the legislature. Entitlements, especially those that are directed to the well-off, are nearly impossible to eliminate. It is too politically costly....
by Longdog
Sat Dec 15, 2018 8:20 am
Forum: Investing - Help with Personal Investments
Topic: I made a mistake by not selling when the market was high this year
Replies: 153
Views: 19424

Re: I made a mistake by not selling when the market was high this year

cheese_breath wrote:
Sat Dec 15, 2018 12:03 am
No, you're making a mistake right now in thinking you can time the market.

The mistake you made before is not understanding your risk tolerance and defining an asset allocation to accommodate it.
+1

Well articulated.