Search found 1415 matches

by BigJohn
Thu Dec 07, 2017 3:51 pm
Forum: Investing - Help with Personal Investments
Topic: Which to do - Roth conversion or LTCG?
Replies: 21
Views: 948

Re: Which to do - Roth conversion or LTCG?

While this is the one that catches a lot of people, there are many other jumps and discontinuities in the actual incremental tax rate you can see. Here are a couple of discussions on this topic https://www.bogleheads.org/forum/viewtopic.php?p=2645133#p2645133 https://www.bogleheads.org/forum/viewtop...
by BigJohn
Wed Dec 06, 2017 6:51 pm
Forum: Investing - Help with Personal Investments
Topic: Factoring in value as a strategy
Replies: 10
Views: 933

Re: Factoring in value as a strategy

I don't tilt but lots of people here do. I agree with comments above that you really need to understand and believe in the tilts before you invest. Even proponents of tilts will tell you that you need to be prepared for years (sometimes many years) of under performance while waiting for the benefits...
by BigJohn
Wed Dec 06, 2017 8:19 am
Forum: Personal Finance (Not Investing)
Topic: Input on HSA Providers
Replies: 4
Views: 424

Re: Input on HSA Providers

I'm guilty of not searching for prior discussions before I posted. My thanks to all for the help.
by BigJohn
Tue Dec 05, 2017 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: Input on HSA Providers
Replies: 4
Views: 424

Input on HSA Providers

One of my children is looking to open an HSA account. He needs to choose a provider but this is not something with which I have any experience so would appreciate feedback from this group. All input on good or bad experiences with specific providers welcome, thanks.
by BigJohn
Mon Dec 04, 2017 5:09 pm
Forum: Investing - Help with Personal Investments
Topic: Complete Beginner to investing, 24 years old
Replies: 15
Views: 1415

Re: Complete Beginner to investing, 24 years old

Great advice and reading material from ruralavalon.
by BigJohn
Mon Dec 04, 2017 5:05 pm
Forum: Investing - Help with Personal Investments
Topic: A " Bond Tent" During the "Retirement Red Zone?"
Replies: 52
Views: 4590

Re: A " Bond Tent" During the "Retirement Red Zone?"

My concern is .... now...a decade into early retirement.... I'm just not that comfortable decreasing my bond allocation..... emotionally .... I feel the sequence of returns risk is always in front of me. If you take an LMP approach to your bond allocation it will slowly drift down over time. Of cou...
by BigJohn
Sun Dec 03, 2017 5:59 pm
Forum: Investing - Theory, News & General
Topic: Vanguard customer service reps need some training
Replies: 66
Views: 6784

Re: Vanguard customer service reps need some training

Earl Lemongrab wrote:
Sun Dec 03, 2017 2:21 pm
Phone calls are always my last resort, as the electronic trail isn't as certain (unless you record your own calls).
+1 on phone calls as last resort. In addition to electronic trail, it’s jus too prone to miscommunication and/or misunderstanding.
by BigJohn
Sun Dec 03, 2017 2:11 pm
Forum: Investing - Help with Personal Investments
Topic: A " Bond Tent" During the "Retirement Red Zone?"
Replies: 52
Views: 4590

Re: A " Bond Tent" During the "Retirement Red Zone?"

I felt it would require too much stock sell off just prior to retirement, and too much realized capital gains' For some of us, much of our equity position may be inside a 401K or similar plan...we can reallocate without triggering taxable events, particularly during the last few years of retirement...
by BigJohn
Sun Dec 03, 2017 10:04 am
Forum: Investing - Help with Personal Investments
Topic: A " Bond Tent" During the "Retirement Red Zone?"
Replies: 52
Views: 4590

Re: A " Bond Tent" During the "Retirement Red Zone?"

Are you saying those things have an effect on when a bond tent does and does not work? That is, it works with some withdrawal rates but not with others? And it works with some withdrawal strategies but not others? That makes it sound pretty fragile, like anyone on Bogleheads who ended up doing it, ...
by BigJohn
Sun Dec 03, 2017 6:22 am
Forum: Investing - Help with Personal Investments
Topic: A " Bond Tent" During the "Retirement Red Zone?"
Replies: 52
Views: 4590

Re: A " Bond Tent" During the "Retirement Red Zone?"

AlohaJoe, a couple of questions about your cases for the graphs. What withdrawal rate were you using for those case? Also, what withdrawal strategy was assumed (ie equal withdrawal from stocks and bonds at all times or bonds only during downturn or ??)?
by BigJohn
Sun Dec 03, 2017 12:17 am
Forum: Investing - Help with Personal Investments
Topic: A " Bond Tent" During the "Retirement Red Zone?"
Replies: 52
Views: 4590

Re: A " Bond Tent" During the "Retirement Red Zone?"

Retired just over two years ago and am following an approach similar to this based on Bernstein’s Ages of the Investor and LMP (liability matching portfolio) approach. There are several variations on this theme to manage sequence of return risk in early retirement.
by BigJohn
Fri Dec 01, 2017 5:08 pm
Forum: Investing - Help with Personal Investments
Topic: Have you moved to ETF's? Why or why not?
Replies: 33
Views: 2274

Re: Have you moved to ETF's? Why or why not?

I use only mutual funds. As usual, Nisi covers all the bases as to why.
by BigJohn
Fri Dec 01, 2017 5:04 pm
Forum: Investing - Help with Personal Investments
Topic: Complete Beginner to investing, 24 years old
Replies: 15
Views: 1415

Re: Complete Beginner to investing, 24 years old

Welcome to the forum! For someone just starting out I'd suggest reading William Bernstein's "If You Can". It's written by a very well respected author, it's only 16 pages long and it's specifically written for people just starting out. Best of all it's available for free here http://www.etf.com/docs...
by BigJohn
Thu Nov 30, 2017 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: Treatment of lump-sum for unused sick time
Replies: 10
Views: 861

Re: Treatment of lump-sum for unused sick time

Retired from my MegaCorp about 2.5 years ago and received a lump sum payment for unused vacation a few weeks after I retired. It did show up as regular income on my W-2 so should qualify for IRA contributions. However, I was unable to use it as the basis for additional contribution to my 401(k) as a...
by BigJohn
Wed Nov 29, 2017 4:52 pm
Forum: Investing - Help with Personal Investments
Topic: Multiple Roth's merged into one
Replies: 10
Views: 843

Re: Multiple Roth's merged into one

I have two Roth accounts. One master account for the conversions that are past the recharacterization date and the other for last year's conversion. After the recharacterization deadline (around 10/15), I move last year's conversion into the master account then do this year's conversion into the new...
by BigJohn
Wed Nov 29, 2017 4:46 pm
Forum: Investing - Help with Personal Investments
Topic: How much to convert to Roth without raising tax bracket
Replies: 12
Views: 1529

Re: How much to convert to Roth without raising tax bracket

I use previous year's TurboTax to do this estimation and it works well. If your taxes aren't increasing, I suspect you are entering the conversion incorrectly. Is your AGI going up consistent with the amount converted?
by BigJohn
Tue Nov 28, 2017 7:56 am
Forum: Investing - Theory, News & General
Topic: Bonds - Throw it all on the table!!!
Replies: 201
Views: 33127

Re: Bonds - Throw it all on the table!!!

Long bonds are not usually recommended in a typical stock/bond portfolio except for some high equity positions when long Treasuries may be beneficial. Doc, I'm confused. The int term index fund doesn't contain long bonds, as least by my understanding. Everything is in the 5-10 year range. On the ot...
by BigJohn
Tue Nov 28, 2017 12:45 am
Forum: Investing - Theory, News & General
Topic: Bonds - Throw it all on the table!!!
Replies: 201
Views: 33127

Re: Bonds - Throw it all on the table!!!

If I were only allowed to have two funds in my portfolio the bond part might be a Total bond Market Fund although I would prefer a Bloomberg Barclays U.S. Intermediate Government/Credit Bond Index fund which seems to be more in keeping with Bogle's current thinking. The fact that Vanguard does not ...
by BigJohn
Thu Nov 23, 2017 8:15 pm
Forum: Investing - Theory, News & General
Topic: VG wants everyone to transfer to a brokerage account?
Replies: 110
Views: 11793

Re: VG wants everyone to transfer to a brokerage account?

Just logged on and you are correct. Was there ever a time where you had to use the settlement fund or have I just been misinformed for 10 years? I think when VG first had brokerage accounts this was the case but they have added capability since then. For a long time I resisted upgrading for just th...
by BigJohn
Wed Nov 22, 2017 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Filing Illinois Income Taxes Online
Replies: 11
Views: 914

Re: Filing Illinois Income Taxes Online

bob60014 wrote:
Wed Nov 22, 2017 4:04 pm
Very straightforward and no issues especially if you don't have any special circumstances.
I've helped my parents do theirs and agree although their return is very straight forward.
by BigJohn
Tue Nov 21, 2017 6:04 pm
Forum: Investing - Help with Personal Investments
Topic: Spending Taxable to Zero during Retirement
Replies: 42
Views: 5030

Re: Spending Taxable to Zero during Retirement

Retired three years ago at age 58 and my plan to age 70 is much like yours. I'm a firm believer in having diverse investment types so I'm doing efficient Roth conversions with intent to be about 50/50 tIRA/Roth at age 70. This gives me flexibility to optimize giving and inheritance based on children...
by BigJohn
Sat Nov 18, 2017 5:34 pm
Forum: Investing - Help with Personal Investments
Topic: Do you include the sale of your home as part of your retirement planning?
Replies: 91
Views: 5044

Re: Do you include the sale of your home as part of your retirement planning?

I do not include it. I sort of consider selling the house as my self-insured LTC policy. However, I think there are valid arguments to go either way.
by BigJohn
Fri Nov 17, 2017 5:50 pm
Forum: Investing - Help with Personal Investments
Topic: Does Vanguard hunt down overseas investors?
Replies: 8
Views: 1514

Re: Does Vanguard hunt down overseas investors?

"US Financial Institutions are going to great lengths to track their customers and to protect their businesses." I was under the impression that they are a huge organization without the time for this kind of thing, but I could be wrong... Hmmm.... it's a matter of legal compliance and companies are...
by BigJohn
Wed Nov 15, 2017 5:54 pm
Forum: Investing - Theory, News & General
Topic: Improving returns on total bond market without changing the risk profile
Replies: 8
Views: 1196

Re: Improving returns on total bond market without changing the risk profile

The composition of TBM has moved around a lot so not sure comparison to a static mix is valid. See this post for details
viewtopic.php?p=2652414#p2652414
by BigJohn
Tue Nov 14, 2017 9:13 pm
Forum: Investing - Help with Personal Investments
Topic: In-plan roth conversion and NUA
Replies: 2
Views: 255

Re: In-plan roth conversion and NUA

newportcoug, I have some experience with NUA but unfortunately none with respect to the impact of Roth conversions so I can't be of much help. I will say that I believe the wiki is incorrect in saying that NUA can only be done using pretax dollars. I and many others at my giant mega-corp have extrac...
by BigJohn
Tue Nov 14, 2017 9:03 pm
Forum: Local Chapters and Bogleheads Community
Topic: Suggestions for the Wiki
Replies: 389
Views: 201114

Re: Suggestions for the Wiki

I was reading this discussion which quotes the wiki on NUA treatement viewtopic.php?f=1&t=232202 . The wiki says you have to use pretax money for NUA but I don't believe this is correct. I worked for a giant mega-corp and extracted my NUA shares using after tax dollars about 2.5 years ago. This is o...
by BigJohn
Tue Nov 14, 2017 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: POAs may not be that powerful
Replies: 94
Views: 5297

Re: POAs may not be that powerful

I did it online for my folks awhile ago. Many years ago you could in fact setup full agent authorization on-line at VG but they changed that some time ago. Now you can set-up only a very limited authorization on-line. For full authorization you have to use their paper form and get the signatures no...
by BigJohn
Tue Nov 14, 2017 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: POAs may not be that powerful
Replies: 94
Views: 5297

Re: POAs may not be that powerful

They say is 2 different ways. "Do not share" and "This protection does not apply to unauthorized activity caused in whole or in part by your fraudulent, intentional, or negligent acts or omissions, including activity by a person whom you have intentionally or negligently permitted to transact in yo...
by BigJohn
Tue Nov 14, 2017 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: POAs may not be that powerful
Replies: 94
Views: 5297

Re: POAs may not be that powerful

and for this, let's try to ignore Vanguard's peculiar treatment of PoA's (as in, refusing to recognize them; let's assume they are operating within PA law, and DO recognize a DPoA, etc., for this) ResearchMed, did you see my post above about the changes VG has made? https://www.bogleheads.org/forum...
by BigJohn
Tue Nov 14, 2017 8:44 am
Forum: Personal Finance (Not Investing)
Topic: POAs may not be that powerful
Replies: 94
Views: 5297

Re: POAs may not be that powerful

2. How full is full agent authorization? For instance, there appears to be no way to set up phone alerts or set up a secondary mailing address of a statement or change other account settings online. I wonder if that can be done in some other way? I have full agent authorization on my wife's IRA acc...
by BigJohn
Tue Nov 14, 2017 12:06 am
Forum: Personal Finance (Not Investing)
Topic: POAs may not be that powerful
Replies: 94
Views: 5297

Re: POAs may not be that powerful

Unfortunately, if you have to act for an incapacitated person, the limited agent authorization does not allow the range of actions that might be required. The full agent authorization requires a notarized signature which is often not possible. The agent authorization of an incapacitated person that ...
by BigJohn
Mon Nov 13, 2017 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: POAs may not be that powerful
Replies: 94
Views: 5297

Re: POAs may not be that powerful

Vanguard just says the equivalent of "We don't care, use our "Agent Authorization" forms or nothing". Full stop. ResearchMed, I was one of those on the original discussions and was complaining loudly to VG a few years back. In discussion with my Flagship Rep recently, I found out that VG has modifi...
by BigJohn
Sun Nov 12, 2017 10:51 am
Forum: Investing - Help with Personal Investments
Topic: Is short term tips etf appropriate for part of emergency fund?
Replies: 21
Views: 1551

Re: Is short term tips etf appropriate for part of emergency fund?

dbr wrote:
Sun Nov 12, 2017 9:01 am
TIPS funds pay out the inflation increment in the dividend anyway so there is no phantom income problem.
I didn't realize this, thanks
by BigJohn
Sun Nov 12, 2017 5:23 am
Forum: Investing - Help with Personal Investments
Topic: Is short term tips etf appropriate for part of emergency fund?
Replies: 21
Views: 1551

Re: Is short term tips etf appropriate for part of emergency fund?

I assume that your ER is in a taxable account. If so, most here generally recommend not holding TIPS in a taxable account because of the tax on the phantom income ( https://www.bogleheads.org/wiki/Treasury_Inflation_Protected_Security#Tax_considerations ). Any other short duration government bond fu...
by BigJohn
Thu Nov 09, 2017 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Morningstar: Cognitive decline in aging. A strong case for portfolio simplification?
Replies: 98
Views: 7973

Re: Morningstar: Cognitive decline in aging. A strong case for portfolio simplification?

The real simplification financially is to have all the oney in 1 or 2 accounts so you only have to deal with a couple companies rather than a half dozen (imagine someone with a bank account, Treasury direct, a IRAs at 2 different companies, 3 401(k)s, taxable accounts...). You might need to make th...
by BigJohn
Wed Nov 08, 2017 6:39 pm
Forum: Investing - Help with Personal Investments
Topic: Would love some help with Rollover
Replies: 3
Views: 318

Re: Would love some help with Rollover

The total bond vs IT bond index question has been discussed a lot. Here is one discussion that you might find helpful, you can do a forum search for others viewtopic.php?p=3248212#p3248212
by BigJohn
Wed Nov 08, 2017 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: Morningstar: Cognitive decline in aging. A strong case for portfolio simplification?
Replies: 98
Views: 7973

Re: Morningstar: Cognitive decline in aging. A strong case for portfolio simplification?

tadamsar, I agree and probably should have modified my comment to say those are things to consider. I've modified mine to only make sure my children know where accounts are and how to access records they might need much like what you describe. At one point it contained details on untaken company pen...
by BigJohn
Wed Nov 08, 2017 6:23 pm
Forum: Investing - Help with Personal Investments
Topic: Talk me out of a barbelling / Larry-type portfolio
Replies: 22
Views: 1330

Re: Talk me out of a barbelling / Larry-type portfolio

I think there's very good reason for them to persist based on risk. But you're right, there's no guarantee. Just like there's no guarantee that large caps beat bonds over the next 20 years. IMO this is not a valid analogy. Small cap value stocks are a special "flavor" of stocks with some history of...
by BigJohn
Wed Nov 08, 2017 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Morningstar: Cognitive decline in aging. A strong case for portfolio simplification?
Replies: 98
Views: 7973

Re: Morningstar: Cognitive decline in aging. A strong case for portfolio simplification?

Nisi, can't say I've tested it but instructions to access are in my death book. No different than making sure you're kids know where the paper statements are in my mind, maybe even easier for them because they are used to paperless.
by BigJohn
Wed Nov 08, 2017 9:01 am
Forum: Personal Finance (Not Investing)
Topic: Morningstar: Cognitive decline in aging. A strong case for portfolio simplification?
Replies: 98
Views: 7973

Re: Morningstar: Cognitive decline in aging. A strong case for portfolio simplification?

Retired about 3 years ago and have been focused on simplification for about the last 5 years with a bit more left to do. Some things I did consistent with this great line from nisiprius.. Simplification, no more and no less. Simplification at the expense of optimization, and at the expense of ego. 1...
by BigJohn
Mon Oct 16, 2017 5:35 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Convert: To the max of your likely future bracket or the one just below?
Replies: 5
Views: 798

Re: Roth Convert: To the max of your likely future bracket or the one just below?

All good advice above and consistent with my plans to convert at about the same tax rate. However, there are a lot of unknowns and your heirs tax rate can be as or more important than yours. It can also be less than obvious what your marginal tax rate really is with all the phase-in, phase-out break...
by BigJohn
Mon Oct 16, 2017 6:00 am
Forum: Investing - Help with Personal Investments
Topic: Bonds v. bond funds
Replies: 36
Views: 2133

Re: Bonds v. bond funds

I understand what Inam reading but can’t get past the Ihebhundreds of time I read that Funds carry different risk than individual bonds. The latter, diversification risk and the former, the risk that bonds aren’t held to maturity. I suppose the latter risk is meaningless if due to redemptions and o...
by BigJohn
Sat Oct 14, 2017 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: Innovis and ChexSystems freeze confirmation letters
Replies: 52
Views: 7239

Re: Innovis and ChexSystems freeze confirmation letters

Requested both on 9/16. Letter from Innovis took about 2.5 weeks. Letter from Chexsystems arrived today, so 4 weeks.
by BigJohn
Wed Oct 11, 2017 4:02 pm
Forum: Investing - Help with Personal Investments
Topic: Formulaic employee stock option selloff
Replies: 2
Views: 271

Re: Formulaic employee stock option selloff

How much of your net worth is tied up in these options? If it's more than 10%, I'd personally shy away from price targets. You could end up holding all the way down if things don't go well. At one point I had a significant portion of my net worth in company stock and decide to get it below 10% by se...
by BigJohn
Wed Oct 11, 2017 3:52 pm
Forum: Investing - Help with Personal Investments
Topic: Do I lose NUA if I quit my job?
Replies: 7
Views: 823

Re: Do I lose NUA if I quit my job?

Here are the IRS requirements for using NUA from this source https://www.fidelity.com/viewpoints/personal-finance/company-stock You must meet all four of the following criteria to take advantage of the NUA rules: 1) You must distribute your entire vested balance in your plan within one tax year (tho...
by BigJohn
Sun Oct 08, 2017 7:03 am
Forum: Investing - Theory, News & General
Topic: Vanguard's long-term outlook for TIPS
Replies: 92
Views: 7519

Re: Vanguard's long-term outlook for TIPS

With respect to my portfolio and beyond, I view my role as being a risk manager, not a return maximizer. Along these lines, I view TIPS as insurance against an inflation surprise. Like all insurance, you usually hope you'll never need it and there is always a cost. Only you can decide if the cost o...
by BigJohn
Sun Oct 08, 2017 6:47 am
Forum: Investing - Theory, News & General
Topic: What is a “bond bubble”?
Replies: 35
Views: 3450

Re: What is a “bond bubble”?

Stormbringer wrote:
Sun Oct 08, 2017 5:37 am
That makes me think then that a ladder of individual bonds might be superior for capital preservation than a bond fund.
Not necessarily
https://www.bogleheads.org/wiki/Individ ... _bond_fund
by BigJohn
Sat Oct 07, 2017 6:39 am
Forum: Personal Finance (Not Investing)
Topic: Is a security freeze at Innovis really needed?
Replies: 70
Views: 30376

Re: Is a security freeze at Innovis really needed?

Received PIN from Innovis on Wednesday, right at 2 weeks since I did the freeze. Still waiting for PIN from ChexSystems.
by BigJohn
Mon Oct 02, 2017 7:39 am
Forum: Personal Finance (Not Investing)
Topic: Balancing liquidation of company stock (post-NUA) with Roth conversions
Replies: 6
Views: 422

Re: Balancing liquidation of company stock (post-NUA) with Roth conversions

I'm in a very similar situation. My Roth conversion economics worked out to show that I really had to choose between conversion and any substantial sale of NUA stock. As you said, it's a good problem to have but the LTCG component of the NUA stock is so large (~85% of the value) that any sale essent...
by BigJohn
Wed Sep 27, 2017 8:14 pm
Forum: Investing - Help with Personal Investments
Topic: Wm. Bernstein's Latest Portfolio?
Replies: 4
Views: 1241

Re: Wm. Bernstein's Latest Portfolio?

I'm with Dandy in implementing what Dr Bernstein calls a Liability Matching Portfolio (LMP). I retired three years ago and am currently age 61. My plan going into retirement was to hold 60/40 forever but.... after reading Dr Bernstein's "The Ages of the Investor" and "Deep Risk" I decided to make a ...