Search found 1317 matches

by Longdog
Sat Aug 17, 2019 8:22 pm
Forum: Personal Investments
Topic: Plan for my mom
Replies: 30
Views: 2247

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: 1862

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: 2963

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: 396

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: 338

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: 17892

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: 17892

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: 379

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: 1343

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: 703

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: 1340

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: 622

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: 1957

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: 3206

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: 3206

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
Thu Jul 18, 2019 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: Safe harbor rule if I have large capital gain this year?
Replies: 5
Views: 454

Re: Safe harbor rule if I have large capital gain this year?

I'm sure there are exceptions depending on how the house was previously held, but if you just inherited the house directly from a decedent, wouldn't there be a step up in basis to the time of death? If so, unless the value of the house skyrocketed since the individual died, there would be very littl...
by Longdog
Thu Jul 18, 2019 8:26 am
Forum: Personal Finance (Not Investing)
Topic: Early claim of SS if you quit working before 62
Replies: 7
Views: 885

Re: Early claim of SS if you quit working before 62

Look for the program AnyPIA from the Social Security Administration website. It allows you to model various earning and retirement date scenarios to project your social security benefit. Also, look up "bend points" as they relate to social security. You will find that if you've reached the second be...
by Longdog
Sun Jul 14, 2019 7:14 pm
Forum: Personal Consumer Issues
Topic: Can the dealer be trusted?
Replies: 17
Views: 1986

Re: Can the dealer be trusted?

Like so many things, I think it depends. Is this a new or used car? If used, is it a certified pre-owned? Who is the car manufacturer? If used, is the dealer a franchisee of the car manufacturer? If it's a new car with a new car warranty, I wouldn't be too concerned. If its a low mileage certified p...
by Longdog
Fri Jul 05, 2019 9:23 am
Forum: Personal Finance (Not Investing)
Topic: How much did FIRE affect your SS payments?
Replies: 17
Views: 2505

Re: How much did FIRE affect your SS payments?

There is a tool, published by the social security administration, called anypia that can project your SS payments under a variety of assumptions about future earnings and starting time.
by Longdog
Thu Jul 04, 2019 9:31 am
Forum: Personal Investments
Topic: Got more than enough for retirement. What to do now?
Replies: 42
Views: 4081

Re: Got more than enough for retirement. What to do now?

At three times projected needs and the desire to be conservative ... 1/3 would fit nicely into a TIPS ladder providing inflation security, 1/3 in a mix of intermediate term treasuries and CDs for liquidity protection and the remaining 1/3 in diversified equities such as the Total Stock Market or S&...
by Longdog
Thu Jul 04, 2019 7:07 am
Forum: Personal Investments
Topic: Got more than enough for retirement. What to do now?
Replies: 42
Views: 4081

Re: Got more than enough for retirement. What to do now?

I would have a 50/50 stock/bond allocation and set it and forget it. +1, or possibly a 40/60 portfolio. At vanguard Vanguard LifeStrategy Conservative Growth Fund (VSCGX) would be a simple choice. I like this approach better than midareff's, only because everything sits in ONE fund and withdrawals ...
by Longdog
Wed Jul 03, 2019 8:01 am
Forum: Personal Finance (Not Investing)
Topic: Staying the course is so hard (support thread)
Replies: 110
Views: 11178

Re: Staying the course is so hard (support thread)

I don't know... I guess I'm asking if buying a much more expensive house is really stupid. I know I should stay the course and not be stupid and fall into the "giant house" trap. But at the same time, I want a little more from life than a smaller cramped house and just saving every dollar I earn. I...
by Longdog
Sat Jun 29, 2019 6:56 am
Forum: Personal Finance (Not Investing)
Topic: Siblings and Inherited Property
Replies: 53
Views: 6626

Re: Siblings and Inherited Property

Something doesn't seem right to me, or maybe I don't understand the eventual transaction. You have an inherited house that is evenly split between four siblings. Case 1: If the house is worth $200K, and is evenly owned between 4 people, then each person has equity of $50K. Case 2: If the house is wo...
by Longdog
Thu Jun 27, 2019 11:15 am
Forum: Personal Consumer Issues
Topic: Need guidance on a tricky situation
Replies: 21
Views: 1208

Re: Need guidance on a tricky situation

Agree with everyone who says pay your friend back, thank your friend for helping you out, and apologize for the inconvenience. And then move on with your life with your friendship intact.
by Longdog
Tue Jun 25, 2019 8:39 am
Forum: Personal Investments
Topic: Botched transfer? Security sold instead of transferred
Replies: 12
Views: 802

Re: Botched transfer? Security sold instead of transferred

I opened a Roth IRA at TDA (where I have the rest of my accounts). I asked TDA for a transfer from Vanguard to TDA. I specifically asked for my securities to be transferred. I just got an email that Vanguard sold my BND. I guess this is not the end of the world and I can rebuy it at TDA when the mo...
by Longdog
Mon Jun 24, 2019 12:38 pm
Forum: Personal Consumer Issues
Topic: citi discontinuing citi price rewind
Replies: 65
Views: 5356

Re: citi discontinuing citi price rewind

No doubt it's a great a perk but I've never had to use it. I didn't sign up the card for this benefit and this benefit wouldn't have been a strong motivator for me to sign up for this card or the other. So at least for me, this was the right decision on Citi's part. Now if they can somehow increase...
by Longdog
Wed Jun 19, 2019 5:43 am
Forum: Personal Consumer Issues
Topic: Verizon to Xfinity Mobile for Cell Services
Replies: 13
Views: 957

Re: Verizon to Xfinity Mobile for Cell Services

I switched about two years ago from VZW to Xfinity Mobile and it’s been great. Absolutely no difference in coverage since it uses VZW network, and much less expensive than VZW because I use less than 1GB of data per month. Very satisfied.
by Longdog
Tue Jun 11, 2019 6:32 am
Forum: Personal Investments
Topic: bizarre letter from Vanguard
Replies: 17
Views: 4246

Re: bizarre letter from Vanguard

You need over $50K in Vanguard funds or ETFs. If you have more than that, but it is in mutual funds or ETFs from other companies, individual stocks, individual bonds or CDs, etc., then you would not qualify.

Or... could just be a strange glitch.
by Longdog
Thu Jun 06, 2019 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Do I adjust capital gains/losses for short term trading fees?
Replies: 10
Views: 565

Re: Do I adjust capital gains/losses for short term trading fees?

They are investment fees, and do not impact your basis. Think of them in the same category as advisor fees and such. They would have been previously deductible (to the extent over 2% of AGI) as investment expense but are no longer Mike I realize that Katietsu's broker is not reporting them as commi...
by Longdog
Wed Jun 05, 2019 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: Tax -IRA transfer from Fidelity to Merrill Edge
Replies: 10
Views: 432

Re: Tax -IRA transfer from Fidelity to Merrill Edge

It's income... like a dividend or cap gains on a stock or fund inside your IRA No 1099 (as long as you don't withdraw it) you'll pay tax on the money when you eventually withdraw Does not count against your contribution limits for the year since it isn't a contribution Mike It will eventually be su...
by Longdog
Wed Jun 05, 2019 7:07 pm
Forum: Investing - Theory, News & General
Topic: Brilliant stock picker John Neff, who ran Vanguard’s Windsor Fund and built Penn’s endowment, dies at 87
Replies: 9
Views: 1531

Re: John Neff former manager of Windsor Fund dies at 87

He was one of the folks who inspired me to start my investing "career" in value funds. So sad that someone so brilliant and accomplished succumbed to Alzheimer's. RIP Mr. Neff.
by Longdog
Tue Jun 04, 2019 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security deductions after maxing out Social Security benefit?
Replies: 23
Views: 2393

Re: Social Security deductions after maxing out Social Security benefit?

the max salary of 35 years ago is adjusted upward in the benefits calculation and contributes the same as maxing out the salary this year. Not quite. See the table in this post: https://www.bogleheads.org/forum/viewtopic.php?f=2&t=277289&p=4466735#p4466735 Yeah I thought there might be some noise i...
by Longdog
Tue Jun 04, 2019 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Social Security deductions after maxing out Social Security benefit?
Replies: 23
Views: 2393

Re: Social Security deductions after maxing out Social Security benefit?

Your SS benefit may continue to increase after 35 full years, but it will be slower than if you had zero earnings years in your record. If you make more in the current year than in an old year in your 35-year record, in inflation adjusted terms, the current year earnings bump that old year out of t...
by Longdog
Tue Jun 04, 2019 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Social Security deductions after maxing out Social Security benefit?
Replies: 23
Views: 2393

Re: Social Security deductions after maxing out Social Security benefit?

They will continue to be deducted as they always have been. No benefit to you, but beneficial to others. Another thing to be aware of (but for you its too late to do anything about) is that due to the way social security benefits are calculated, once you reach what is called the "second bend point" ...
by Longdog
Fri May 24, 2019 7:58 am
Forum: Personal Investments
Topic: Best way to backdoor Roth IRA
Replies: 37
Views: 3028

Re: Best way to backdoor Roth IRA

I’m planning to do the same thing. I just don’t understand why there is a looks hole or back door, why can’t the law be adjusted to allow direct Roth contribution? As part of tax reform they did explicitly call this procedure out as being allowed, but chose not to eliminate the income limitation on...
by Longdog
Tue May 21, 2019 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Payable On Death Account to Complement Will
Replies: 66
Views: 3606

Re: Payable On Death Account as Will Substitute

This family member does have a will that names the same two people as his sole heirs. He doesn't want to change that. It just seems to me that having the POD account simplifies his intentions, since his Vanguard taxable account is his main financial asset. But there is a will for anything outside t...
by Longdog
Tue May 21, 2019 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Payable On Death Account to Complement Will
Replies: 66
Views: 3606

Re: Payable On Death Account as Will Substitute

I am the original poster: Clarification: This family member does have a will that names the same two people as his sole heirs. He doesn't want to change that. It just seems to me that having the POD account simplifies his intentions, since his Vanguard taxable account is his main financial asset. B...
by Longdog
Mon May 20, 2019 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: What can a $120K spending budget do in early retirement years?
Replies: 23
Views: 4464

Re: What can a $120K spending budget do in early retirement years?

I don't think people make a conscious decision to do One More Year. I think it's more out of fear of not having enough to support their current lifestyle in a worst case scenario, or not having something specific that they are driven to do once they retire. In my opinion, you are unique in consideri...
by Longdog
Wed May 15, 2019 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: I accidentally retired, and need tax advice
Replies: 48
Views: 6385

Re: I accidentally retired, and need tax advice

I think you really need to have a good handle on your expenses to make the best decision for yourself on what to do next, how to allocate your portfolio, whether to get another job, etc.
by Longdog
Wed May 15, 2019 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: I accidentally retired, and need tax advice
Replies: 48
Views: 6385

Re: I accidentally retired, and need tax advice

IngognitoUSA wrote:
Tue May 14, 2019 6:49 pm
triggertreat wrote:
Tue May 14, 2019 6:38 pm
Go back to work? What do you mean accidentally retired?
I have heard of getting accidentally pregnant but not accidentally retired.
It's a slightly different process... :happy
by Longdog
Mon May 13, 2019 8:39 pm
Forum: Forum Issues and Administration
Topic: For how long will the forum be around?
Replies: 94
Views: 7969

Re: For how long will the forum be around?

Based on the 4% rule, there is a 92% chance of it lasting my lifetime.
by Longdog
Mon May 06, 2019 6:03 am
Forum: Personal Finance (Not Investing)
Topic: Will vs POD?
Replies: 16
Views: 1995

Re: Will vs POD?

.....If you want to be buried in a nice place make sure you have that planned and sufficient assets in the probate estate to pay for it..... As a general rule, yes, you want to pass assets directly to beneficiaries when advisable, bypass probate, to reduce the size of estate (It is calculated on th...
by Longdog
Sat Apr 27, 2019 7:34 pm
Forum: Personal Investments
Topic: Municipal Bonds in Retirement?
Replies: 8
Views: 1117

Re: Municipal Bonds in Retirement?

Are you comparing muni bonds versus corporate bonds in retirement, or is there a different comparison you have in mind when you ask about munis in retirement? One interesting thing for an early retiree, munis do not interfere with traditional IRA to Roth conversions. So, you could potentially have m...
by Longdog
Sat Apr 27, 2019 7:27 pm
Forum: Personal Consumer Issues
Topic: weber grills
Replies: 34
Views: 3012

Re: weber grills

I have a 14 year old 3 burner Weber Genesis that I love. I've replaced the thermometer on the front panel (less than $10) a wheel (less than $20) and the flavorer bars a few times (about $40 every ~4 years or so). It still works great and offers great control over the flame intensity. I believe ther...
by Longdog
Wed Apr 24, 2019 9:18 am
Forum: Personal Investments
Topic: Is company’s 401k match based on base salary or social security salary?
Replies: 41
Views: 2803

Re: Is company’s 401k match based on base salary or social security salary?

Present last year's calculation to the HR person, and ask what in the plan documents has changed to reduce the amount. If she cannot point to some plan documentation spelling out a change, then you have every right to insist that the prior year's calculation be used.
by Longdog
Wed Apr 24, 2019 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Whats the Point of Climbing the Corporate Ladder?
Replies: 164
Views: 17621

Re: Whats the Point of Climbing the Corporate Ladder?

Where I work, the inverse is actually true. The higher you climb, the easier it is for you to be fired. Perhaps, but at least if you are higher up you have a fighting chance at influencing your fate. Peons have to just accept layoffs as they come. In other words, you want to be at the table, not on...
by Longdog
Wed Apr 24, 2019 8:54 am
Forum: Personal Finance (Not Investing)
Topic: Whats the Point of Climbing the Corporate Ladder?
Replies: 164
Views: 17621

Re: Whats the Point of Climbing the Corporate Ladder?

During my career, quite a while ago, I had to “let go” people who had basically retired on the job. Not saying the OP would do this but a mindset of low ambition, lack of improvement, complaining about the bosses, etc can often mean being unemployed in your early ‘50’s. If you aren’t progressing it...
by Longdog
Tue Apr 23, 2019 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: What, if anything, do I owe this guy?
Replies: 82
Views: 8349

Re: What, if anything, do I owe this guy?

Dude's a swindler, but you still should act with honor. IMO just call him and tell him you've reconsidered and have decided to manage your own assets. Don't explain yourself any further, draw a hard line there. That's the minimum you owe him and IMO should be the only thing you give him. Emotionall...
by Longdog
Sat Apr 20, 2019 8:39 am
Forum: Personal Investments
Topic: Vanguard security
Replies: 40
Views: 3382

Re: Vanguard security

This lack of availability doesn’t scream security to me. Should I be concerned about someone hacking my account? I am most concerned about my inability to contact Vanguard. Has anyone else had this occur? Security and convenience are two different, and largely opposite things. The fact that they lo...
by Longdog
Fri Apr 19, 2019 9:13 am
Forum: Personal Investments
Topic: investing beyond the three fund portfolio
Replies: 7
Views: 749

Re: investing beyond the three fund portfolio

I don't understand the need for investing to be "exciting." Investing is about funding your future and maximizing the chance that there will be sufficient funds so you won't have to worry about money at some point in your life. You're certainly free to do with your money whatever legal thing you wan...