Search found 1553 matches

by BigJohn
Mon Aug 06, 2018 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Durable Power of Attorney: Implementation Report
Replies: 21
Views: 1460

Re: Durable Power of Attorney: Implementation Report

Vanguard - A Hard to walk into the Vanguard office since it is over 300 miles away. However, my Vanguard reps, one when I was caring for my aunt and another more recently when I began managing my father's finances, guided us through all the necessary steps and set up new accounts in my aunt's name ...
by BigJohn
Mon Aug 06, 2018 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Do We need health insurance??
Replies: 137
Views: 9255

Re: Do We need health insurance??

Health insurance gives you rates for services that are negotiated by the insurance company. A hospitalization that can cost $250,000 at the hospital "rack (cash) rate" for something like a heart pacemaker or a cardiac stent with a couple of days in the hospital can get a negotiated rate of $75,000 ...
by BigJohn
Mon Aug 06, 2018 2:04 pm
Forum: Investing - Help with Personal Investments
Topic: Any Experience? - Vanguard Customer Service When Transferring Accounts from Large Brokerage Firm
Replies: 19
Views: 1019

Re: Any Experience? - Vanguard Customer Service When Transferring Accounts from Large Brokerage Firm

I moved an account from Wells to VG about a year ago without issue. Agree with comments above about how to make sure it goes smoothly. I'd add that sending them a secure email on their site (not from your personal email account) in advance with an attached pdf of the account statement may ease the p...
by BigJohn
Sat Aug 04, 2018 7:22 pm
Forum: Investing - Help with Personal Investments
Topic: Transferring UTMA Account to Beneficiary
Replies: 7
Views: 561

Re: Transferring UTMA Account to Beneficiary

Had to log-on to VG for something else and got curious. To initiated this on-line go to "My Accounts" then "Account Maintenance" then "Account Ownership" (under Personal Profile). Down the left side you'll see an option to remove yourself from a UGMA/UTMA account. The former minor has 14 days to com...
by BigJohn
Sat Aug 04, 2018 5:46 pm
Forum: Investing - Help with Personal Investments
Topic: Transferring UTMA Account to Beneficiary
Replies: 7
Views: 561

Re: Transferring UTMA Account to Beneficiary

I’ve done this before with my kids a few years back. Not sure were the link is these days but there was a way to initiate this process on-line. It requires email contact info for the former minor who will get notified of the incoming account. They have some maximum time in which to respond. I can’t ...
by BigJohn
Thu Aug 02, 2018 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Charitable giving strategy
Replies: 43
Views: 2225

Re: Charitable giving strategy

I used to do United Way through work payroll deduction. It was easy and the norm. Unfortunately, their percentage overhead costs continued to grow so that less and less was getting to local charities over the years. Once I retired I changed to directly supporting local charities that I knew would sp...
by BigJohn
Mon Jul 30, 2018 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: Transunion Credit Lock or Freeze? Credit Report Hell!
Replies: 9
Views: 1135

Re: Transunion Credit Lock or Freeze? Credit Report Hell!

A short article about the difference. My two cents.... I don’t trust these companies as far as I could throw them and opted for the freeze.

https://www.forbes.com/sites/nickclemen ... 6b10c124ce
by BigJohn
Sun Jul 29, 2018 5:11 am
Forum: Investing - Theory, News & General
Topic: Vanguard Paper on Roth Conversion Analysis
Replies: 123
Views: 9145

Re: Vanguard Paper on Roth Conversion Analysis

After the cumulative effects from several years of RMDs, how does one plan on leaving a larger tIRA/401k balance? A Roth account does not have RMDs and for the inherited smaller (younger=smaller) RMDs are non-taxable allowing for further tax free growth. Also many heirs may end up in higher tax bra...
by BigJohn
Sat Jul 28, 2018 8:11 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Paper on Roth Conversion Analysis
Replies: 123
Views: 9145

Re: Vanguard Paper on Roth Conversion Analysis

But why no talk/analytics about the Roth IRA and it's value as an estate-planning tool? I think this is probably the most important feature (for me at least). In my mind this is just a different scenario on the tax rate questions. It also brings more assumptions and complications as well as you nee...
by BigJohn
Sat Jul 28, 2018 4:59 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Paper on Roth Conversion Analysis
Replies: 123
Views: 9145

Re: Vanguard Paper on Roth Conversion Analysis

For a pure retirement calculation - "nothing at all." You can certainly play around with tIRA balances and Roth balances and see which runs out of money first depending on your spending model - which is in a sense what I do by adjusting the average tax rate of earnings of Roth funds and the % tIRA ...
by BigJohn
Fri Jul 27, 2018 1:02 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Paper on Roth Conversion Analysis
Replies: 123
Views: 9145

Re: Vanguard Paper on Roth Conversion Analysis

I wish there was an "explain to me like I'm 5" version of this thread. Pretty much everything posted anywhere right now screams convert to Roth because taxes are on sale. I continue to agree with Five K... the 50,000 foot view is convert if you expect your conversion marginal tax rate to be lower o...
by BigJohn
Thu Jul 26, 2018 6:54 am
Forum: Investing - Theory, News & General
Topic: Vanguard Paper on Roth Conversion Analysis
Replies: 123
Views: 9145

Re: Vanguard Paper on Roth Conversion Analysis

The tax code is indeed complex, but the marginal tax rate is simply calculated by "dividing the amount of additional taxes that will be due (or reduced) by the amount of income involved." One can (and should) broaden the definition of "tax" in this case to include income-related things such as IRMA...
by BigJohn
Wed Jul 25, 2018 7:38 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Paper on Roth Conversion Analysis
Replies: 123
Views: 9145

Re: Vanguard Paper on Roth Conversion Analysis

Yeah, that single tax bracket is a killer. That's why we are converting into the 22% bracket. Survivor will definitely be in the 22% single bracket, if not the 24%. I'm not sure people realize the impact of being single on their tax bracket after being MFJ for a while. It's something to consider .....
by BigJohn
Wed Jul 25, 2018 7:32 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Paper on Roth Conversion Analysis
Replies: 123
Views: 9145

Re: Vanguard Paper on Roth Conversion Analysis

In the case of someone who took their pension as a lump sum (ugh), I hope they did it early enough to convert $900k of it to a Roth (leaving them $675k -- converted at average 25% bracket), to match up with now a smaller $1.1 million in the IRA. I also hope they stay married because being single is...
by BigJohn
Wed Jul 25, 2018 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice will vs trust for my situation
Replies: 24
Views: 1435

Re: Need advice will vs trust for my situation

I concur with those who recommend some type of trust. My caveat, from experiences of many, is that under no circumstances would I name a specific corporate trustee. If no family is available, I'd tap that trusted, level-headed friend. This doesn't mean the friend has to do the work themselves. It m...
by BigJohn
Wed Jul 25, 2018 5:51 pm
Forum: Investing - Theory, News & General
Topic: size/liquidity of your emergency fund in retirement?
Replies: 9
Views: 1149

Re: size/liquidity of your emergency fund in retirement?

For simplicity sake I’ve reduced my accounts to holdings at VG and a brick and mortar bank for checking, savings and safety deposit box. In retirement, the “emergency” I plan for is different than it was while working. I have no pension and have not yet started SS so all income is from investment po...
by BigJohn
Wed Jul 25, 2018 5:32 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Paper on Roth Conversion Analysis
Replies: 123
Views: 9145

Re: Vanguard Paper on Roth Conversion Analysis

I think you missed my point - if you have at least 5% of your savings going toward the Roth (95% IRA / 5% Roth) then your retirement tax bracket never goes above 12%, because you spend down the Roth money only when necessary. I’m missing something here when you say “never” goes above 12%. It doesn’...
by BigJohn
Tue Jul 24, 2018 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice will vs trust for my situation
Replies: 24
Views: 1435

Re: Need advice will vs trust for my situation

Like others, I’m no expert and many of these issues are governed by state law so getting expert, local advice is critical. I will mention one other worry that may be an issue depending on state law. If you just give your daughter the money and then she gets divorced, half of your money could end up ...
by BigJohn
Mon Jul 23, 2018 9:06 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Size Factor Not Dead
Replies: 46
Views: 4481

Re: Larry Swedroe: Size Factor Not Dead

I would say the answer is you wait your entire investing career. I think one should only develop a factorized plan if it is well thought out up front and the investor intends to stick to it for the duration. Part of thinking it out well is considering the possibility that the premium has been finan...
by BigJohn
Mon Jul 23, 2018 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Best Available 2018 tax estimator
Replies: 44
Views: 7592

Re: Best Available 2018 tax estimator

Yea, that was my thinking as well but thought I’d ask.
by BigJohn
Mon Jul 23, 2018 6:06 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Size Factor Not Dead
Replies: 46
Views: 4481

Re: Larry Swedroe: Size Factor Not Dead

So, full disclosure, I’m not a factor investor, just too risky and uncertain for my SWAN needs. However, this “short term burst” idea triggered a couple of questions.... How long do you wait for a burst? What if the factor has been significantly (not totally) arbitraged away by lower cost and higher...
by BigJohn
Mon Jul 23, 2018 8:28 am
Forum: Investing - Help with Personal Investments
Topic: Pension Lump Sum: Short-term bonds?
Replies: 37
Views: 2041

Re: Pension Lump Sum: Short-term bonds?

To each his own but I personally wouldn't consider FFRHX a "safe" bond investment for early retirement. It looks like it's ~90% below investment grade (ie junk) bank notes (not Corporate bonds). In the 2008/09 financial crisis it dropped ~20% while a total bond index fund essentially sailed through....
by BigJohn
Sun Jul 22, 2018 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: Best Available 2018 tax estimator
Replies: 44
Views: 7592

Re: Best Available 2018 tax estimator

Do any of these tools handle prior year AMT credits? With the changes I’m hoping to finally be able to use some of the credits to do a bigger Roth conversion but haven’t found an estimator yet that has the capability.
by BigJohn
Sat Jul 21, 2018 5:28 pm
Forum: Investing - Help with Personal Investments
Topic: Pension Lump Sum: Short-term bonds?
Replies: 37
Views: 2041

Re: Pension Lump Sum: Short-term bonds?

I think it’s appropriate for you to be conservative with this investment due to early retirement sequence of return risk. How conservative is a matter of personal choice. If you “have enough”, don’t have the need to take risk and will sleep better at night, I’m not not sure I’d worry too much about ...
by BigJohn
Tue Jul 17, 2018 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: FireCalc: How big a grain of salt?
Replies: 58
Views: 4704

Re: FireCalc: How big a grain of salt?

Reading through this thread, I am beginning to wonder how anyone retires without a constant fear of running out of money. Then that makes me wonder if anyone voluntarily retires or is everyone just forced out to live out their days in fear of financial calamity. TimeLord, you ran FC with conservati...
by BigJohn
Thu Jul 05, 2018 5:58 pm
Forum: Investing - Theory, News & General
Topic: SS taken at 62 vs. 70, but measured from 70+
Replies: 189
Views: 11646

Re: SS taken at 62 vs. 70, but measured from 70+

My two cents... you can do all the return calls you want but the big unknowns of market return and longevity make any decision an educated guess at best. I struggled with this question for a while and I’m deferring to 70 for two reasons. First, I have a large portion of my portfolio in tax deferred ...
by BigJohn
Tue Jun 05, 2018 6:53 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard platform
Replies: 23
Views: 2294

Re: Vanguard platform

You may be right. But a higher fee for less service on the old platform? Well, it would fit with VG's philosophy of customers paying for what they use. At some point the old platform will have a few people clinging to it for some benefit (eg faster 1009's). The cost per person will grow. Why should...
by BigJohn
Mon Jun 04, 2018 8:40 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard platform
Replies: 23
Views: 2294

Re: Vanguard platform

livesoft wrote:
Sun Jun 03, 2018 3:16 pm
Who knows? Maybe they will offer holdouts $100 to switch? :)

Ever been on a plane when they ask for volunteers who will get voucher to be bumped?
While possible, my bet would be that they start charging an annual fee for the old platform at some point.
by BigJohn
Sun May 27, 2018 4:26 pm
Forum: Investing - Help with Personal Investments
Topic: Does Wells Fargo Advisors Require Medallian Signature Guarantee
Replies: 15
Views: 1223

Re: Does Wells Fargo Advisors Require Medallian Signature Guarantee

Last year I transferred a joint taxable account from WF to VG. The names on the accounts were identical. I initiated the process with VG, told my WF advisor what was happening and no medallion signature was required. From what understand, the answer might be different if names are not identical. Not...
by BigJohn
Thu May 24, 2018 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: Legally Exempt IRAs from Medigap Countable
Replies: 5
Views: 696

Re: Legally Exempt IRAs from Medigap Countable

As others have said, the rules vary by state so you can’t necessarily transport answers. My experience working this for my father in Illinois was that IRA’s counted as assets unless they had been setup to generate regular income. The states definition of regular income was a payment at least monthly...
by BigJohn
Tue May 15, 2018 5:10 pm
Forum: Investing - Help with Personal Investments
Topic: rolling over Company Stock out of 401k to IRA
Replies: 2
Views: 245

Re: rolling over Company Stock out of 401k to IRA

I did an NUA distribution of highly appreciated company stock. To me it’s more about expected tax rates than now vs later. If you roll into an IRA, the entire value will be taxed as ordinary income. The key question is do, you expect to be in the 15% tax bracket or the 30+% bracket? If in the 15% br...
by BigJohn
Fri May 11, 2018 9:04 pm
Forum: Investing - Theory, News & General
Topic: Savings Bond Wizard to be eliminated 5/18
Replies: 68
Views: 13080

Re: Savings Bond Wizard to be eliminated 5/18

I moved my SB Wizard inventories to the SB Calculator over the weekend. The transfer went without a problem and the saved file opened up later without a hitch. In terms of functionality the SB Calculator seems to do everything I used SB Wizard for so no worries there. At least for me this was as pa...
by BigJohn
Thu May 10, 2018 5:35 pm
Forum: Investing - Theory, News & General
Topic: Savings Bond Wizard to be eliminated 5/18
Replies: 68
Views: 13080

Re: Savings Bond Wizard to be eliminated 5/18

I moved my SB Wizard inventories to the SB Calculator over the weekend. The transfer went without a problem and the saved file opened up later without a hitch. In terms of functionality the SB Calculator seems to do everything I used SB Wizard for so no worries there. At least for me this was as pai...
by BigJohn
Tue May 01, 2018 3:09 pm
Forum: Investing - Help with Personal Investments
Topic: Converting my Vanguard account to the brokerage platform
Replies: 7
Views: 755

Re: Converting my Vanguard account to the brokerage platform

Here’s my post in a discussion on the topic. No signifcant differences but.... your definition of significant might not be the same as mine. https://www.bogleheads.org/forum/viewtopic.php?p=3880927#p3880927 One other difference if you have check writing on individual mutual funds. In the brokerage a...
by BigJohn
Sun Apr 22, 2018 1:23 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone in high bracket using short or Ltd. term muni for EF?
Replies: 19
Views: 1048

Re: Anyone in high bracket using short or Ltd. term muni for EF?

I use limited term fund as my second tier emergency fund (first tier is in savings account linked to checking account with overdraft protection).
by BigJohn
Tue Apr 17, 2018 3:21 pm
Forum: Investing - Theory, News & General
Topic: Why is the SEC yield the one that Vanguard displays?
Replies: 39
Views: 4444

Re: Why is the SEC yield the one that Vanguard displays?

alex_686 wrote:
Tue Apr 17, 2018 11:16 am
I think I know the trick here. The SEC yield covers all income, less expenses. So both coupon and capital appreciation. The fund only distributes coupon income.
Are you sure? I’m no expert but how can any fund company know what the capital appreciation will be looking forward 30 days?
by BigJohn
Sun Apr 15, 2018 9:15 pm
Forum: Investing - Theory, News & General
Topic: Unimpressive category averages of managed futures, multialternative, market neutral, etc.
Replies: 82
Views: 6202

Re: Unimpressive category averages of managed futures, multialternative, market neutral, etc.

Well, not back to picking winners, but focus on just a specific passive formulaic example. For example, I have QSPRX market neutral style premia fund. it invests in 4 styles across multiple asset classes. The 4 styles are value, CS Momentum, defensive, carry. The asset classes are stocks, bonds, co...
by BigJohn
Sat Apr 14, 2018 9:47 pm
Forum: Investing - Theory, News & General
Topic: Unimpressive category averages of managed futures, multialternative, market neutral, etc.
Replies: 82
Views: 6202

Re: Unimpressive category averages of managed futures, multialternative, market neutral, etc.

Had a little trouble following this, but with such diverse funds falling under the generic names “Managed Futures, market neutral, multialternative” doesn’t seem fair to group a bunch together and take average. Probably to evaluate each fund individually. But now you're back to picking one of the f...
by BigJohn
Sat Apr 14, 2018 4:28 pm
Forum: Investing - Theory, News & General
Topic: Unimpressive category averages of managed futures, multialternative, market neutral, etc.
Replies: 82
Views: 6202

Re: Unimpressive category averages of managed futures, multialternative, market neutral, etc.

Thanks Nisi for the work. I am not sure why we are surprised.... Unless one has a good way of finding the few winners out of the losers AHEAD of time there is no point of even considering all these different alternative approaches..... So that means you have to figure out which ones will outperform...
by BigJohn
Sat Apr 14, 2018 12:57 pm
Forum: Investing - Theory, News & General
Topic: vanguard notice - retiring our old investment platform
Replies: 50
Views: 7407

Re: vanguard notice - retiring our old investment platform

I switched my accounts in stages over the past few years with no issue. Here are answers based on my experience Was your original share lot information preserved? Yes, I converted one taxable account and cost basis information was preserved without issue. Can you reinvest mutual fund distributions? ...
by BigJohn
Fri Apr 13, 2018 6:51 pm
Forum: Investing - Theory, News & General
Topic: vanguard notice - retiring our old investment platform
Replies: 50
Views: 7407

Re: vanguard notice - retiring our old investment platform

Everyone has a price .... $100? $1000? Maybe this is where it is headed. I agree that everyone has a price but I’ll bet at some point the incentives comes in the form of an extra charge to stay on the old platform. This would be consistent with VG’s philosophy of owners paying for the services used...
by BigJohn
Fri Apr 13, 2018 2:45 pm
Forum: Investing - Help with Personal Investments
Topic: Why traditional IRA better than Roth IRA
Replies: 87
Views: 8225

Re: Why traditional IRA better than Roth IRA

I don't understand the example of Social Security taxation. "Common belief" is not law. If it isn't written into law that Social Security will not be taxed, then of course it can (will) be taxed in the future. Other have addressed the point that a law is not a contract. For the history of SS taxati...
by BigJohn
Fri Apr 13, 2018 7:02 am
Forum: Investing - Help with Personal Investments
Topic: Why traditional IRA better than Roth IRA
Replies: 87
Views: 8225

Re: Why traditional IRA better than Roth IRA

That’s a tad naive in my opinion. There’s nothing in the law that says Congress can’t change the rules and make Roth withdrawals taxable in the future. Likely? No. Possible? Yes. I agree this is a possibility and would not look to the executive or judiciary to change the course if it happens. While...
by BigJohn
Thu Apr 12, 2018 4:52 pm
Forum: Investing - Theory, News & General
Topic: Unimpressive category averages of managed futures, multialternative, market neutral, etc.
Replies: 82
Views: 6202

Re: Unimpressive category averages of managed futures, multialternative, market neutral, etc.

wickywack wrote:
Thu Apr 12, 2018 10:52 am
This is sobering data. I suspect all these trendy categories all had much better returns up to the point that they became trendy.
Yup, the premise of one of my favorite books by Dr Bernstein, “Skating Where the Puck Was”.
by BigJohn
Thu Apr 12, 2018 4:36 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA conversion question
Replies: 11
Views: 813

Re: Roth IRA conversion question

I’m 3 years into retirement and in the same boat. I agree with comments above that going to top of existing bracket may not be the right strategy. Its also important to recognize that there is actually no “best” answer. The outcome is way too dependent on things beyond your control (longevity, retur...
by BigJohn
Thu Apr 12, 2018 4:20 pm
Forum: Investing - Help with Personal Investments
Topic: Why traditional IRA better than Roth IRA
Replies: 87
Views: 8225

Re: Why traditional IRA better than Roth IRA

One other complication I haven’t seen mentioned. By the time you start RMDs you are also talking SS. At some points along the income curve this can result in quite high incremental taxes. As the RMD adds income which gets taxed, it can pull in up to 85% of your SS into your AGI as well. So for examp...
by BigJohn
Tue Apr 10, 2018 5:54 am
Forum: Investing - Theory, News & General
Topic: Swedroe: Look Beyond 60/40 Portfolio
Replies: 237
Views: 17228

Re: Swedroe: Look Beyond 60/40 Portfolio

stlutz, thanks for the response. I fully agree with your points that it's a concern to think of these as being an alternative to much safer fixed income assets. It's a deal breaker for me having decided to lower my portfolio risk in early retirement. They could be appropriate for others as long as t...
by BigJohn
Mon Apr 09, 2018 10:17 pm
Forum: Investing - Theory, News & General
Topic: Swedroe: Look Beyond 60/40 Portfolio
Replies: 237
Views: 17228

Re: Swedroe: Look Beyond 60/40 Portfolio

Dave, thanks for your response. I hope it works out and the premia gods smile on you :beer
by BigJohn
Mon Apr 09, 2018 9:32 pm
Forum: Investing - Theory, News & General
Topic: Swedroe: Look Beyond 60/40 Portfolio
Replies: 237
Views: 17228

Re: Swedroe: Look Beyond 60/40 Portfolio

stlutz / Random Walker, Putting all discussion of validity of risk premia aside, would you guys invest in these funds with the liquidity risks as documented in the prospectus that I posted above? For me (and I think for many), that would be a deal breaker regardless of how robust or large the premia...