Search found 1125 matches

by Longdog
Thu Dec 13, 2018 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: Gift Tax/ Form 709 Question
Replies: 1
Views: 97

Re: Gift Tax/ Form 709 Question

For those who have filed IRS Form 709 for amounts gifted above the annual exclusion limit, does the filing of 709 require any additional follow up reporting when I file taxes the next tax year? (Assuming no additional gifts are made) Also, if I file Form 709 for gifts made in 2018, will my 2019 tax...
by Longdog
Wed Dec 12, 2018 12:48 pm
Forum: Investing - Help with Personal Investments
Topic: Can I transfer 2019 IRA money to Vanguard right now so I can put it in Jan 2?
Replies: 26
Views: 2396

Re: Can I transfer 2019 IRA money to Vanguard right now so I can put it in Jan 2?

An excellent point. There is no reason to keep your money in cash until January. If the money was invested in stocks and they appreciate in the next month, then when you sell it to put it into the IRA you'll have a short-term gain with taxes due on it. If it goes down, you'll have a short term loss...
by Longdog
Wed Dec 12, 2018 12:36 pm
Forum: Investing - Help with Personal Investments
Topic: Can I transfer 2019 IRA money to Vanguard right now so I can put it in Jan 2?
Replies: 26
Views: 2396

Re: Can I transfer 2019 IRA money to Vanguard right now so I can put it in Jan 2?

You could take it a step further and invest it in the taxable account now at the same asset allocation you will use in January once it's moved into the IRA. For example, if 2019's IRA contribution will go to 50/50 Total US Stock and Total Int'l Stock, you could put $3,000 each into VTSAX and VTIAX ...
by Longdog
Tue Dec 11, 2018 8:15 pm
Forum: Investing - Help with Personal Investments
Topic: In order to not receive a dividend, what date do I need to SELL a mutual fund on?
Replies: 19
Views: 1510

Re: In order to NOT receive a dividend, what date do I need to sell a mutual fund on?

Does this from 2010 help? -> https://www.bogleheads.org/forum/viewtopic.php?t=65205 longdog is probably not completely correct based on that thread. Okay - I stand corrected. To get the dividend you need to own the shares at the close of business on the record date, which you can achieve by buying ...
by Longdog
Tue Dec 11, 2018 7:16 pm
Forum: Investing - Help with Personal Investments
Topic: In order to not receive a dividend, what date do I need to SELL a mutual fund on?
Replies: 19
Views: 1510

Re: In order to NOT receive a dividend, what date do I need to sell a mutual fund on?

slamfire wrote:
Tue Dec 11, 2018 5:45 pm
In order to NOT receive a dividend, what date do I need to sell a Vanguard mutual fund on?
The sell order must be in before 4pm the day BEFORE the record date.
by Longdog
Mon Dec 10, 2018 8:24 am
Forum: Investing - Help with Personal Investments
Topic: Roth conversion taxes- how to pay them?
Replies: 13
Views: 1308

Re: Roth conversion taxes- how to pay them?

Until I qualify for Medicare, for the next 2 years, I am trying to keep my yearly income under the ACA cap of about $48K. That way I can qualify for an ACA subsidy. So, my plan is to move sufficient money from the IRA's to a Roth, in 2018, to yield $60K after taxes, and then use this money over the...
by Longdog
Sun Dec 09, 2018 10:13 am
Forum: Investing - Help with Personal Investments
Topic: Can I transfer 2019 IRA money to Vanguard right now so I can put it in Jan 2?
Replies: 26
Views: 2396

Re: Can I transfer 2019 IRA money to Vanguard right now so I can put it in Jan 2?

You could take it a step further and invest it in the taxable account now at the same asset allocation you will use in January once it's moved into the IRA. For example, if 2019's IRA contribution will go to 50/50 Total US Stock and Total Int'l Stock, you could put $3,000 each into VTSAX and VTIAX ...
by Longdog
Thu Dec 06, 2018 7:02 am
Forum: Investing - Theory, News & General
Topic: Who else is getting excited? [about the market]
Replies: 139
Views: 11882

Re: Who else is getting excited?

I can’t help it, but when I read headlines such as “worst market to invest since the 1970s as almost all markets decline” or worst quarter in 7 years etc, I view that as positive news for a long term investor. Only for long term investors who have just started investing and have many years ahead of...
by Longdog
Tue Dec 04, 2018 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: County not accepting 2018 property taxes in 2018 - need help with ideas.
Replies: 138
Views: 6735

Re: County not accepting 2018 property taxes in 2018 - need help with ideas.

How much are your property taxes? When you previously itemized, if you capped your property tax at $10,000 would you still have exceeded the new standard deduction for your filing status, which you indicate is $24,000?
by Longdog
Mon Dec 03, 2018 8:31 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA
Replies: 5
Views: 407

Re: Backdoor Roth IRA

As long as you are confident that you will have earned income equal to or greater than your contribution, you can contribute as early as January 2, the first business day of the year. I suppose you could enter the order on January 1, but it won't transact until January 2. :happy
by Longdog
Sun Dec 02, 2018 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Proper way to retire
Replies: 57
Views: 6360

Re: Proper way to retire

At my company, I’m told (second hand, but seems credible) that once you give notice you can no longer take any PTO. Depending on how frustrated you are, your relationship with your boss and peers, your desire (or not) to keep the door open for a future rehire, and your general ethics and morals, you...
by Longdog
Sat Dec 01, 2018 6:51 pm
Forum: Investing - Help with Personal Investments
Topic: Saving for Retirement when one has a Pension
Replies: 60
Views: 5760

Re: Saving for Retirement when one has a Pension

If it is a private employer with a pension, realize that while an employer cannot legally take away earned future benefits, they can (and likely will) at some point freeze the pension and suspend future contributions. Even many states (e.g. Illinois is the most egregious one) do not have their pensi...
by Longdog
Tue Nov 27, 2018 4:53 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard email : Conversions to Roth IRAs can no longer be reversed
Replies: 10
Views: 984

Re: Vanguard email : Conversions to Roth IRAs can no longer be reversed

I really don't understand what they were trying to accomplish by killing recharacterizations, I mean, so many things can be missed or not known 100% that might make you want to undo some or part of a Roth conversation, I just don't see why this was changed. Do a search on “Roth IRA horse race” and ...
by Longdog
Tue Nov 27, 2018 2:01 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads Greatest Hits
Replies: 27
Views: 3653

Re: Bogleheads Greatest Hits

I like the threads that start with, “I know you shouldn’t time the market, but...”
by Longdog
Fri Nov 23, 2018 9:04 am
Forum: Personal Finance (Not Investing)
Topic: H&R Block 2018 Tax Software Deluxe $18.00 - Black Friday sale
Replies: 257
Views: 18307

Re: H&R Block 2018 Tax Software Deluxe Federal + State $29.95

$18 at Amazon now. Thank you! I've been using Turbotax for years, and last year was the first year I tried H&R Block because the price at the time I wanted to get it was around $14 so I figured it was worth a shot. I don't believe it's as good as Turbotax for my taste, and I was all set to wait for...
by Longdog
Mon Nov 19, 2018 4:53 am
Forum: Investing - Help with Personal Investments
Topic: Current Retirees: Do you touch your principal?
Replies: 79
Views: 8232

Re: Current Retirees: Do you touch your principal?

I really don’t know or care. I target spending 3% of my portfolio plus SS, pension and annuity income. I pay no attention to the amount of income generated by the portfolio. Gill Does that mean you reinvest all dividends, and sell off assets as needed? Or, do you allow dividends to accumulate in a ...
by Longdog
Fri Nov 16, 2018 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 493
Views: 49545

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

^Yes, people who maxed it should expect the full $1k. I was curious for any datapoints that confirm the specifics of the calculation. (By the way, I made many transactions in and out during that time, it's my hub account, so it seems it's just the balances on those two dates that matter.) Just got ...
by Longdog
Fri Nov 16, 2018 4:52 am
Forum: Personal Consumer Issues
Topic: Cremation seminar – with complimentary lunch
Replies: 86
Views: 6345

Re: Cremation seminar – with complimentary lunch

Doom&Gloom wrote:
Thu Nov 15, 2018 10:35 pm
strafe wrote:
Thu Nov 15, 2018 10:16 pm
Is your question about the seminar or the provenance of the lunch? I’d guess that it tastes like chicken.
Well-done steak.
I’m thinking barbecue.
by Longdog
Thu Nov 15, 2018 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with RMD - 91 Year Old Mom
Replies: 18
Views: 1560

Re: What to do with RMD - 91 Year Old Mom

Jelloanddon wrote:
Thu Nov 15, 2018 12:35 pm
PFInterest wrote:
Thu Nov 15, 2018 11:31 am
cash....
what does she want?
Is there anything we could do to minimize taxes?
To provide a meaningful answer to that requires a more complete understanding of your mom’s financial situation. Sources of income, accounts, asset allocation within the accounts, etc.
by Longdog
Thu Nov 08, 2018 6:29 pm
Forum: Investing - Theory, News & General
Topic: Do you prefer etfs or mutual funds?
Replies: 52
Views: 4798

Re: Do you prefer etfs or mutual funds?

This is my first thread! My question... Do you prefer etfs or mutual funds? I honestly prefer etfs. They have daily liquidity and are tax efficient. I encourage you to do more research. ETFs are no more or less liquid or tax efficient than index mutual funds. My Thesis is simple. I want fast conven...
by Longdog
Tue Nov 06, 2018 6:25 am
Forum: Investing - Theory, News & General
Topic: Anyone ever “borrow” against their emergency fund?
Replies: 23
Views: 2524

Re: Anyone ever “borrow” against their emergency fund?

Yes, I also view my emergency fund as a liquidity fund, sometimes fronting some money over a short period of time, when I am 100% certain that the money will be replaced.
by Longdog
Sun Nov 04, 2018 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block 2018 Tax Software Deluxe $18.00 - Black Friday sale
Replies: 257
Views: 18307

Re: H&R Block 2018 Tax Software Deluxe Federal + State $29.95

TurboTax told me last year (for tax year 2017) that TurboTax next year (2018 tax year) would not run on my aging Mac. BTW - for anyone with straightforward taxes, TaxAide will do your taxes for you, efile 'em, and efile your State tax - all for no charge. Yes, I recall that too. It requires Mac OS ...
by Longdog
Thu Nov 01, 2018 6:51 am
Forum: Personal Consumer Issues
Topic: $50 Prepaid Visa Card for Taking Test Drive at Jeep Dealership
Replies: 29
Views: 2060

Re: $50 Prepaid Visa Card for Taking Test Drive at Jeep Dealership

I’ve done this numerous times at various manufacturers and dealers, but most likely because I enjoy learning about and test driving new cars. They are always invitations mailed to me - I don’t seek them out. I always go in and tell them that I’m only there for the gift, not currently in the market, ...
by Longdog
Mon Oct 29, 2018 3:39 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard as a trustee
Replies: 33
Views: 3160

Re: Vanguard as a trustee

I am also interested in hearing about experiences with Vanguard as a trustee for an irrevokable trust. In particular, is there any way that the trust (with Vanguard as trustee) can own a share of a family LLC (limited liability corporation)? (The LLC mainly holds about 9,000 acres of pastureland th...
by Longdog
Sun Oct 28, 2018 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard as a trustee
Replies: 33
Views: 3160

Re: Vanguard as a trustee

I am also interested in hearing about experiences with Vanguard as a trustee for an irrevokable trust. In particular, is there any way that the trust (with Vanguard as trustee) can own a share of a family LLC (limited liability corporation)? (The LLC mainly holds about 9,000 acres of pastureland th...
by Longdog
Mon Oct 22, 2018 5:29 pm
Forum: Investing - Help with Personal Investments
Topic: My Edward Jones IRA is out performing my Vanguard 401K
Replies: 76
Views: 10242

Re: My Edward Jones IRA is out performing my Vanguard 401K

Do the returns take into account the asset under management fee?
by Longdog
Tue Oct 16, 2018 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 493
Views: 49545

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

How do you "sign up" for this offer? https://www.allypaybacktime.com/ Thanks. Is this only for new money that goes in after signing up? What if I move some money out of Ally and then move it back in after a few days. Would that count too? I doubt it. That's kind of abusing the system. My guess is t...
by Longdog
Wed Oct 10, 2018 3:31 pm
Forum: Investing - Help with Personal Investments
Topic: TLH with a recent purchase in Vanguard Roth (FIFO)
Replies: 6
Views: 318

Re: TLH with a recent purchase in Vanguard Roth (FIFO)

It's all described in excruciating detail: https://www.bogleheads.org/forum/viewtopic.php?t=179414 But a day like today I think shows why one should not be afraid of wash sales. As a general rule, isn’t a wash sale with replacement shares in a retirement account always to be avoided? What’s the ben...
by Longdog
Wed Oct 10, 2018 6:28 am
Forum: Personal Finance (Not Investing)
Topic: Quicken 2019 for Mac
Replies: 13
Views: 1392

Re: Quicken 2019 for Mac

I switched from the Windows version to the Mac version a couple of years ago. It is functional, but a vastly inferior product to the Windows version. Many bugs. In some cases the screen flows and organization of the data is different and more cumbersome (less intuitive) to navigate. They are not the...
by Longdog
Tue Oct 09, 2018 12:23 pm
Forum: Investing - Help with Personal Investments
Topic: Can CD interest be LTCG?
Replies: 2
Views: 381

Re: Can CD interest be LTCG?

No, it is interest, no matter when and how you receive it.
by Longdog
Mon Oct 08, 2018 1:31 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 318
Views: 21707

Re: Talk me out of buying a Tesla Model 3

Fellow Bogleheads, I made the mistake of test driving a Tesla Model 3 Performance this weekend. The car blew me away and now I want one. Yep - that's how they get you. I know that to most on this forum, anything above and beyond a Corolla or a Prius is a waste of money so I'll make an appeal to tho...
by Longdog
Thu Oct 04, 2018 12:16 pm
Forum: Investing - Help with Personal Investments
Topic: Help - Question about my Financial Planner
Replies: 6
Views: 474

Re: Help - Question about my Financial Planner

Hello! I am new here, and I am fairly new to investing in general. I greatly appreciate any help you can provide. I started with a financial planner approximately 6 months ago. The individual came highly referred, has an outstanding resume, and I have great trust in him as a person. All the above s...
by Longdog
Thu Oct 04, 2018 7:46 am
Forum: Investing - Theory, News & General
Topic: Fidelity to Vanguard in-kind rollover
Replies: 1
Views: 216

Re: Fidelity to Vanguard in-kind rollover

Why is it so important to do this transfer in-kind?
by Longdog
Mon Oct 01, 2018 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Suze Orman - "I hate the FIRE movement."
Replies: 75
Views: 9673

Re: Suze Orman - "I hate the FIRE movement."

.... She believes that most people should plan on working until age 70. ... .... She believes that unemployment will be 25% in a decade or two ... No cognitive dissonance there. Was thinking the same thing. Mutually exclusive premises. In other words, since 25% of the people won’t be able to find w...
by Longdog
Wed Sep 26, 2018 7:27 pm
Forum: Personal Consumer Issues
Topic: Tesla Model 3 Owners: Your experience so far
Replies: 75
Views: 10753

Re: Tesla Model 3 Owners: Your experience so far

1. Was it worth the money? That's a judgement call only you can make for yourself. I'd say it competes favorably, from a price and performance perspective, with the Audi A4 and BMW 3-series, which were my benchmarks for comparison. So if you think those are worth the money, then absolutely. 2. Month...
by Longdog
Tue Sep 11, 2018 7:27 pm
Forum: Investing - Theory, News & General
Topic: "Find out if your fund is declaring a dividend this month"
Replies: 5
Views: 1328

Re: "Find out if your fund is declaring a dividend this month"

For ETFs, I've observed that the ex-dividend date is two business days after the declaration date.
by Longdog
Thu Sep 06, 2018 1:12 pm
Forum: Investing - Help with Personal Investments
Topic: Warning about "unsettled trade" problem with Vanguard
Replies: 9
Views: 1129

Re: Warning about "unsettled trade" problem with Vanguard

This is obviously very important to you, so you should move all of your assets to another broker that does not have this flaw on their trading platform, though it could be difficult to verify that before you make the move. Given your experience you will be well prepared to test out the new platform ...
by Longdog
Tue Sep 04, 2018 4:46 am
Forum: Investing - Help with Personal Investments
Topic: How To Invest Windfall When At Market Top
Replies: 26
Views: 4377

Re: How To Invest Windfall When At Market Top

Your friend should be comfortable with his decision, and should not rush into it. You will get various opinions, I’m sure. If it were me, I’d dollar cost average over a couple of years, which contrasts with the predominant advise you’re likely to get here. Best case, the market goes through a correc...
by Longdog
Sun Sep 02, 2018 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Time required for outgoing wires from Ally Bank
Replies: 17
Views: 1354

Re: Time required for outgoing wires from Ally Bank

That’s not what their form says. “ Requests received and verified before 3 pm ET, on a business day, will process that same day • Requests received and verified after 3 pm ET, or on a weekend or holiday, will process the next business day • The wire transfer fee is $20. When you wire money from you...
by Longdog
Fri Aug 31, 2018 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Passing on Long Term losses to heirs
Replies: 8
Views: 593

Re: Passing on Long Term losses to heirs

inbox788 wrote:
Fri Aug 31, 2018 1:39 pm
The biggest challenge is predicting the timing of the death. If you could do that accurately, getting a one year life insurance policy may have a higher payout.
If you could do that accurately you might have other (legal/criminal) issues to contend with. :wink:
by Longdog
Tue Aug 28, 2018 1:40 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in Taxable account for early retirement
Replies: 18
Views: 1259

Re: Investing in Taxable account for early retirement

Side notes: I recognize that I can pull from the Roth IRA prior to 59 and only have to pay taxes. What taxes? Sorry, I didn't complete that thought. It would be income tax and/or capital gains on the earnings. You don’t owe taxes on earnings that occur within a Roth IRA, even when you withdraw them...
by Longdog
Sun Aug 19, 2018 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Money Market Funds vs. Online Banks
Replies: 38
Views: 3898

Re: Money Market Funds vs. Online Banks

In my opinion, there is no reason. Although I know they are not absolutely equivalent, I believe the safety differences are inconsequential, plus the Money Market Fund can be used to write checks from (>$250). Also, it is super easy to do ACH transfers in either direction, should the economics rever...
by Longdog
Mon Aug 06, 2018 3:48 am
Forum: Investing - Theory, News & General
Topic: How are muni rates determined?
Replies: 25
Views: 1800

Re: how are muni rates determined?

When the bond is called early, does the buyer get back face value ($1000), or the premium ($1200) paid? (I'd be most annoyed to have a bond called and get back $1000 on a bond that cost me $1200.) Most likely neither. The call price is stated in the terms and usually slightly higher than the face v...
by Longdog
Sun Aug 05, 2018 11:05 am
Forum: Investing - Theory, News & General
Topic: How are muni rates determined?
Replies: 25
Views: 1800

Re: how are muni rates determined?

The standard advice around here is not to buy stocks from your own employer. I would think (although I have never heard it explicitly stated) that there might be a downside to buying bonds from your own city. It’s not that you shouldn’t buy any stocks of your own employer, it’s more that you should...
by Longdog
Sat Aug 04, 2018 7:12 pm
Forum: Investing - Theory, News & General
Topic: How are muni rates determined?
Replies: 25
Views: 1800

Re: how are muni rates determined?

leftcoaster wrote:
Sat Aug 04, 2018 7:01 pm
Where can I find the ratings from Moody’s for a city rather than a particular issue?
If the particular issue is a general obligation (GO) bond of the city, they will be one and the same.
by Longdog
Sat Aug 04, 2018 6:30 pm
Forum: Investing - Theory, News & General
Topic: Invest in Tesla?
Replies: 330
Views: 26159

Re: Invest in Tesla?

For anyone considering purchasing or shorting TSLA, here is a great dramatization :happy of the TSLA short hypothesis:
https://m.youtube.com/watch?time_contin ... xEClGh6Mus
by Longdog
Mon Jul 23, 2018 9:57 am
Forum: Personal Consumer Issues
Topic: Dealing with HOA Notice
Replies: 118
Views: 10150

Re: Dealing with HOA Notice

There is a federal rule regarding placement of antennas and satellite dishes which may supersede the HOA regulations. Look it up and if it applies, use that reference to dispute the satellite dish. That won’t help with the window A/C. Strange that they would say no violations when you moved in, but ...
by Longdog
Fri Jul 20, 2018 4:57 pm
Forum: Investing - Help with Personal Investments
Topic: How should I move my taxable account from Fidelity to Vanguard?
Replies: 5
Views: 592

Re: How should I move my taxable account from Fidelity to Vanguard?

If you have an emergency fund with sufficient funds, you could simultaneously sell the Fidelity funds and buy VTSAX at Vanguard using the emergency fund as a short-term liquidity fund that will get replenished within a day or two from the proceeds of your Fidelity transaction.
by Longdog
Thu Jul 19, 2018 4:00 am
Forum: Personal Finance (Not Investing)
Topic: Should I get a warranty for my new glasses?
Replies: 24
Views: 1452

Re: Should I get a warranty for my new glasses?

Are these your first set of glasses? If not, use your past experience with scratching or damaging glasses as your guide. If it’s never been an issue before, there’s no reason to expect it to be an issue now.