Search found 1393 matches

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: 1313

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: 1103

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: 221

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: 198361

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: 80
Views: 4033

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: 80
Views: 4033

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: 80
Views: 4033

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: 80
Views: 4033

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: 80
Views: 4033

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: 80
Views: 4033

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: 1464

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: 1464

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: 7607

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: 304

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: 7607

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: 1246

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: 7607

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: 7607

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: 764

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: 2032

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: 7014

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: 245

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: 778

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: 7235

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: 3319

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: 29073

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: 391

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: 1222

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 ...
by BigJohn
Mon Sep 25, 2017 9:47 am
Forum: Investing - Help with Personal Investments
Topic: How do I retain check writing on bond fund?
Replies: 21
Views: 1849

Re: How do I retain check writing on bond fund?

I had the same issue today. Sent VG and email describing the problem and will post the answer back here if someone else has not done so before. Heard back from VG. Email apologized for the issue with incorrect link and indicated that they had recorded my desire to keep check writing with no further...
by BigJohn
Sat Sep 23, 2017 10:12 pm
Forum: Investing - Help with Personal Investments
Topic: How do I retain check writing on bond fund?
Replies: 21
Views: 1849

Re: How do I retain check writing on bond fund?

I had the same issue today. Sent VG and email describing the problem and will post the answer back here if someone else has not done so before.
by BigJohn
Thu Sep 21, 2017 7:20 am
Forum: Personal Finance (Not Investing)
Topic: Is a security freeze at Innovis really needed?
Replies: 70
Views: 29073

Re: Is a security freeze at Innovis really needed?

Caduceus wrote:
Thu Sep 21, 2017 4:18 am
I can't seem to freeze my Innovis and the call wait times exceed 30 mins the last two times I've tried. Has anyone had the same problem?
Did mine with Innovis on-line this past weekend, very quick and easy. Waiting for PIN via snail mail.
by BigJohn
Sun Sep 17, 2017 7:20 am
Forum: Personal Finance (Not Investing)
Topic: Is a security freeze at Innovis really needed?
Replies: 70
Views: 29073

Re: Is a security freeze at Innovis really needed?

patricia, I had a similar question about SageStream and ARS which I asked here. https://www.bogleheads.org/forum/viewtopic.php?p=3535228#p3535228 About the only place I've seen these smaller companies mentioned is on the Doctor of Credit website. Innovis is a mixed bag but more frequently mentioned....
by BigJohn
Sat Sep 16, 2017 11:35 pm
Forum: Personal Finance (Not Investing)
Topic: Wiki article - Credit freeze
Replies: 49
Views: 6651

Re: Wiki article - Credit freeze

need403bhelp, thanks for perspective on Doctor of Credit, sounds like a credible source. The details in the CFPB link and your experience with LexisNexis report are a bit disturbing but I guess not too surprising. At least for right now, the point of diminishing returns for me seems to be to freeze ...
by BigJohn
Sat Sep 16, 2017 11:19 pm
Forum: Personal Finance (Not Investing)
Topic: Is a security freeze at Innovis really needed?
Replies: 70
Views: 29073

Re: Is a security freeze at Innovis really needed?

It seems that all of systems of the 3 majors are overwhelmed, and some users are reporting very different experiences. Just so everyone realizes that PIN generation, as indicated above, may not be what you experience just because someone else has. My experience: Experian - I choose my own PIN, as d...
by BigJohn
Sat Sep 16, 2017 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Is a security freeze at Innovis really needed?
Replies: 70
Views: 29073

Re: Is a security freeze at Innovis really needed?

Both Innovis and ChexSystem told me that the unlock PIN code will come via US snail mail. Equifax gave me .pdf file for the 10 digit unlock PIN code. How do Experian and TU handle giving the unlock code after successful freeze? I did a freeze on-line at all five this morning. Here's a summary of ho...
by BigJohn
Sat Sep 16, 2017 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Wiki article - Credit freeze
Replies: 49
Views: 6651

Re: Wiki article - Credit freeze

Lady Geek, great initiative. I just completed this freeze on-line at Equifax, Experion, Transunion, Innovis and ChexSystem. Not sure how detailed you want to get nor how often these details might change but here is a summary of my on-line experience for you to use as you see fit. Equifax - system ge...
by BigJohn
Tue Sep 05, 2017 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: If I died today, what would my spouse do?
Replies: 69
Views: 14234

Re: If I died today, what would my spouse do?

I think some of the comments here are mixing two different problems. The first and most pressing Is how does my family replace the real time management of accounts, bills, taxes, etc. if you are the spouse that is solely responsible for this, I view it as irresponsible to not make plans for the "hit...
by BigJohn
Mon Aug 14, 2017 5:48 pm
Forum: Investing - Theory, News & General
Topic: What a Low Return Outlook Means for Your Retirement?
Replies: 42
Views: 5586

Re: What a Low Return Outlook Means for Your Retirement?

All of these discussions seem to lead to the same idea, that we should be thinking about SWR as the sum of two components: spending required to maintain absolute minimum desired standard of living, and then additional spending to cover luxuries and other non-necessities. Perhaps it's 3% + 1% = 4%. ...
by BigJohn
Mon Aug 14, 2017 5:28 pm
Forum: Investing - Help with Personal Investments
Topic: Unitized ESOP Fund in Company 401k Eligible for NUA?
Replies: 6
Views: 524

Re: Unitized ESOP Fund in Company 401k Eligible for NUA?

Here are the 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 (though ...
by BigJohn
Mon Aug 07, 2017 5:48 pm
Forum: Investing - Help with Personal Investments
Topic: Roth conversions
Replies: 7
Views: 870

Re: Roth conversions

Each year's Roth conversion has a separate five-year clock, so separate, empty accounts makes this easier to track. Not sure how old the OP is but the separate five-year clocks disappear at age 59.5. See this post for more details https://www.bogleheads.org/forum/viewtopic.php?p=2626277#p2626277 Ev...
by BigJohn
Wed Jul 12, 2017 7:36 pm
Forum: Investing - Help with Personal Investments
Topic: $400,000 Roth Conversions Between Ages 66-69?
Replies: 156
Views: 25590

Re: $400,000 Roth Conversions Between Ages 66-69?

I'm in favor of Roth IRAs, but a retirement fund is a 20 or thirty or more year deal. We cannot possibly know what tax policies and other policies will be in place (e.g., Medicare) over time. Seems to me diversifying future tax risk would include some balance of pre- and post-tax funds. Yet the pre...
by BigJohn
Thu Jun 29, 2017 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: A TIPS is maturing in Fidelity. What to do?
Replies: 44
Views: 2941

Re: A TIPS is maturing in Fidelity. What to do?

And I don't have a clear notion of how much time I want to spend on managing my money. On one hand, I have better things to do with my time than watching CD and TIPS rates. On the other hand, once I start looking into something I want to bring it to a closure. Putting the money into a short-term TI...
by BigJohn
Thu Jun 29, 2017 5:19 pm
Forum: Investing - Theory, News & General
Topic: Effect of bankruptcy on ira
Replies: 23
Views: 2200

Re: Effect of bankruptcy on ira

Some pertinent details here https://www.irahelp.com/slottreport/your-ira-protected-creditors-you-may-be-surprised http://www.thetaxadviser.com/content/dam/tta/issues/2014/jan/stateirachart.pdf Not an expert but my read is that federal bankruptcy laws provide some protection but that state laws gover...
by BigJohn
Thu Jun 29, 2017 5:01 pm
Forum: Investing - Theory, News & General
Topic: Vanguard upgraded my accounts - angry [Brokerage Services]
Replies: 159
Views: 21986

Re: Vanguard upgraded my accounts - angry

Thanks GreyingDuke and EngCapt, my discussions with VG on this are a 2 - 3 years old and they said that capability was coming. I guess it has arrived and I was unaware.
by BigJohn
Thu Jun 29, 2017 6:56 am
Forum: Investing - Theory, News & General
Topic: Vanguard upgraded my accounts - angry [Brokerage Services]
Replies: 159
Views: 21986

Re: Vanguard upgraded my accounts - angry

One disadvantage for the new platform is that you cannot direct dividends to your bank. In the new platform, dividends have to go to the MM settlement account and then manually transferred elsewhere. This is why all my accounts are new platform except my taxable account. I'm sure at some point VG mi...
by BigJohn
Mon Jun 12, 2017 3:54 pm
Forum: Investing - Help with Personal Investments
Topic: Should equals take SS at FRA or Early to preserve portfolio?
Replies: 30
Views: 3097

Re: Should equals take SS at FRA or Early to preserve portfolio?

But anything additional we save in taxable will help make Roth conversions easier. TimeLord, not sure how old you guys are but amount in taxable is just one potential constraint. The other major constraint is having enough years before RMDs and SS kick-in at age 70. After that the lower tax bracket...
by BigJohn
Sun Jun 11, 2017 6:09 pm
Forum: Investing - Help with Personal Investments
Topic: Should equals take SS at FRA or Early to preserve portfolio?
Replies: 30
Views: 3097

Re: Should equals take SS at FRA or Early to preserve portfolio?

and hopefully end up with only a small portion remaining in tax deferred. Why are you hoping and not calculating? While there are too many variables to be exact, run a few scenarios with your expected retirement expenses coming from various sources between now and age 70. Based on prior posts my se...
by BigJohn
Fri Jun 02, 2017 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Drowning in debt
Replies: 52
Views: 5532

Re: Drowning in debt

Chan_va wrote:Sell the asset and pay off the HELOC. You are arbitraging a potential gain of 5% vs. a certain loss of 4%. Sure you get a tax deduction now on the 4%, but you will also pay taxes on the other end on the gain.
This is what I would do in your shoes.
by BigJohn
Wed May 31, 2017 5:21 am
Forum: Investing - Help with Personal Investments
Topic: Is anyone here allocated 30/70 a la Rick Ferri's "new center of gravity?"
Replies: 35
Views: 5910

Re: Is anyone here allocated 30/70 a la Rick Ferri's "new center of gravity?"

Age 60/59, retired two years with a target allocation of 35/65 and planning on deferring SS until age 70. I got to this target using Bill Bernstein's LMP approach to help manage sequence of return risk. It also helps that I have an SWR below 3% and therefore have no pressing need to take more risk. ...
by BigJohn
Sun May 28, 2017 7:09 am
Forum: Investing - Help with Personal Investments
Topic: Intermediate vs Short Term TIPS Fund
Replies: 45
Views: 4788

Re: Intermediate vs Short Term TIPS Fund

OK Bob, I'll quite asking you then, thanks