Search found 1523 matches

by BigJohn
Thu May 24, 2018 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: Legally Exempt IRAs from Medigap Countable
Replies: 5
Views: 557

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: 216

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: 60
Views: 8369

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: 60
Views: 8369

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: 680

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: 868

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: 3970

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: 5587

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: 5587

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: 5587

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: 6687

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: 6687

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: 7370

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: 7370

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: 5587

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: 717

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: 7370

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: 15746

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: 15746

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: 15746

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...
by BigJohn
Mon Apr 09, 2018 5:06 pm
Forum: Investing - Help with Personal Investments
Topic: How to 'reverse' Roth contribution (due to too high MAGI)
Replies: 6
Views: 553

Re: How to 'reverse' Roth contribution (due to too high MAGI)

Also, does anyone have any comment on my question regarding whether I should go ahead and file an extension for this year's taxes? I generally do not like to file extensions (I'd rather just be done with it :happy ) but I don't think it's realistic to resolve this issue within the next week? I’m he...
by BigJohn
Mon Apr 09, 2018 4:56 pm
Forum: Personal Consumer Issues
Topic: And yet another example why Vanguard is a 4th tier firm in regard to customer service…
Replies: 20
Views: 1885

Re: And yet another example why Vanguard if a 4th tier firm in regard to customer service…

nisiprius wrote:
Mon Apr 09, 2018 4:53 pm
This posting said that Vanguard would be increasing password length to 20 characters before the end of 2013. Anybody know if they did it? (Sorry, I don't want to try experiments on my password myself).
Yes, I have a 20 character password with VG.
by BigJohn
Sun Apr 08, 2018 9:58 pm
Forum: Investing - Theory, News & General
Topic: Swedroe: Look Beyond 60/40 Portfolio
Replies: 237
Views: 15746

Re: Swedroe: Look Beyond 60/40 Portfolio

I don't know whether it's passive but these comments in the prospectus for SRRIX make investing here even more risky than I originally thought. The Fund’s Shares are not listed and the Fund does not currently intend to list its Shares for trading on any national securities exchange. There is current...
by BigJohn
Sun Apr 08, 2018 5:33 pm
Forum: Investing - Theory, News & General
Topic: Swedroe: Look Beyond 60/40 Portfolio
Replies: 237
Views: 15746

Re: Swedroe: Look Beyond 60/40 Portfolio

One needs to look at cost per unit value added to the portfolio as well. An inefficient portfolio has costs associated with it as well; they just are not immediately obvious to most of us.. Dave, thanks for the response. I won't profess to understanding all of the details which maybe why I find it ...
by BigJohn
Sun Apr 08, 2018 4:24 pm
Forum: Investing - Theory, News & General
Topic: Swedroe: Look Beyond 60/40 Portfolio
Replies: 237
Views: 15746

Re: Swedroe: Look Beyond 60/40 Portfolio

Maybe the Theory Board isn't your speed? Full disclosure... I'm a simple 3/4 fund investor in early retirement and don't tilt. I just don't see the need to take incremental risk at this point. However, the healthy debates on this forum from people who do invest in low cost tilts (Larry was always o...
by BigJohn
Sun Apr 08, 2018 9:12 am
Forum: Investing - Theory, News & General
Topic: Swedroe: Look Beyond 60/40 Portfolio
Replies: 237
Views: 15746

Re: Swedroe: Look Beyond 60/40 Portfolio

To be honest, as much credence as Larry puts on the predictive value of CAPE, I'm surprised that he's not recommending stronger tilts toward international equities and, in particular, emerging markets, which have more attractive valuations than U.S. equities. This can be done without an advisor and...
by BigJohn
Sat Apr 07, 2018 5:32 pm
Forum: Investing - Theory, News & General
Topic: Swedroe: Look Beyond 60/40 Portfolio
Replies: 237
Views: 15746

Re: Swedroe: Look Beyond 60/40 Portfolio

greg24 wrote:
Fri Apr 06, 2018 4:36 pm
Larry should be ashamed of himself.

Expense ratios:

QSPRX 1.50%
QRPRX 1.33%
Wow :shock: :shock:

Same reaction for subsequent posts on other recommended fund ERs. Modifying your plan to accept lower return sure seems much preferred to paying this level of fees, at least to me.
by BigJohn
Thu Mar 29, 2018 4:52 pm
Forum: Investing - Help with Personal Investments
Topic: Warning: Max out 401k early - lose some of the match
Replies: 46
Views: 5396

Re: Warning: Max out 401k early - lose some of the match

My Mega-Corp 401k worked exactly the same way with only whole percentages and no true-up, even for represented employees. The had warning language in big bold letters about the issue so no one could claim ignorance. I handled by undershooting percentage of annual contributions and doing the true-up ...
by BigJohn
Thu Mar 29, 2018 4:41 pm
Forum: Investing - Help with Personal Investments
Topic: Rollover to Vanguard requires brokerage account?
Replies: 22
Views: 1840

Re: Rollover to Vanguard requires brokerage account?

I rolled over my 401k to VG in 2015. The only option available for a opening a new account on-line then was the brokerage account. I also had a couple of grandfathered old style mutual fund accounts. Since then I’ve convert those to brokerage accounts in order to transfer/combine a smaller taxable a...
by BigJohn
Mon Mar 19, 2018 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: Second Marriage & Beneficiaries Conundrum
Replies: 50
Views: 4403

Re: Second Marriage & Beneficiaries Conundrum

I did not mean to imply that a spouse must pass ALL of their assets to their individual children upon death to the exclusion of the spouse, I meant to say that to the extent that a spouse intends to pass some of their assets to their children, they should make arrangements to do so immediately upon...
by BigJohn
Mon Mar 19, 2018 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Second Marriage & Beneficiaries Conundrum
Replies: 50
Views: 4403

Re: Second Marriage & Beneficiaries Conundrum

I think this scenario illustrates why a spouse in a blended family (where the children are not in common from both spouses) who intends to leave something to his or her kids should make arrangements to do so directly upon that spouse's death without the involvement of the surviving spouse. To do an...
by BigJohn
Sun Mar 18, 2018 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: Second Marriage & Beneficiaries Conundrum
Replies: 50
Views: 4403

Re: Second Marriage & Beneficiaries Conundrum

I’d read the Condon book just to get educated on issues and potential solutions so you can ask the right questions. Then work with a good estate attorney to implement the plan. I’ve got no worries managing my own investment but would never take a DIY approach to estate planning and my situation isn’...
by BigJohn
Sat Mar 17, 2018 6:19 am
Forum: Personal Finance (Not Investing)
Topic: Turbotax Requires Drivers License for EFile
Replies: 24
Views: 2258

Re: Turbotax Requires Drivers License for EFile

I'll add the following to my personal experience above where no DL number was required by TT to efile a Federal return. I am a volunteer tax preparer with AARP TaxAide. We've efiled hundreds of Federal returns using the IRS approved software and training. I can assure you that none of these returns ...
by BigJohn
Fri Mar 16, 2018 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: Turbotax Requires Drivers License for EFile
Replies: 24
Views: 2258

Re: Turbotax Requires Drivers License for EFile

I filed a few weeks ago. During preparation TT gave me a message that DL number was required. I ignored that and kept going. TT never asked again and I was able to efile my and my kids Federal returns without entering DL numbers. Nor sure there is a difference but just for reference, I used TT Delux...
by BigJohn
Wed Mar 14, 2018 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: Missing my Microsoft Money - any equivalents?
Replies: 48
Views: 8946

Re: Missing my Microsoft Money - any equivalents?

BigJohn, it has been nearly a year since you posted, but I do hope that you will receive/see my post. You indicated you successfully loaded Sunset and your MM files onto your new computer. My question is: do you have Windows 10 on your new computer? I had successfully loaded MM onto a new computer ...
by BigJohn
Sat Mar 10, 2018 6:04 pm
Forum: Investing - Help with Personal Investments
Topic: Contingent Beneficiaries
Replies: 6
Views: 964

Re: Contingent Beneficiaries

I’m no expert but based on everything I’ve read naming your estate as beneficiary for your retirement accounts is not a good idea if you want to minimize taxes. See this article about why.

https://www.irahelp.com/slottreport/why ... eneficiary
by BigJohn
Mon Mar 05, 2018 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care: Excellent Morningstar article [75 Must-Know Statistics About Long-Term Care]
Replies: 23
Views: 2717

Re: Long Term Care: Excellent Morningstar article [75 Must-Know Statistics About Long-Term Care]

Yes I that's the thing. The most likely need for LTC is for a length of time that I personally would have no trouble paying for. The tail risk is one that is not covered by many (most?) LTC plans available. So insurance doesn't seem to help me. I agree, an interesting article here by Michael Kitces...
by BigJohn
Wed Feb 28, 2018 9:40 pm
Forum: Investing - Help with Personal Investments
Topic: Wills, Trusts, etc
Replies: 4
Views: 390

Re: Wills, Trusts, etc

Based on recommendations from others on this site, I've recently finished "Beyond the Grave, Revised and Updated" by Jeffery Condon. It's not a DIY book but it does a good job of walking you through a range of issues like this with pros/cons on various options. You'll still need to engage a good est...
by BigJohn
Fri Feb 16, 2018 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: I'm Cancelling My Home Insurance
Replies: 156
Views: 11606

Re: I'm Cancelling My Home Insurance

All the umbrella policies I’ve looked at require underlying liability insurance with specific limits. If your individual policy is below those limits, you’re required to increase them in order to qualify for umbrella underwriting. The intent of umbrella is for very rare circumstances were the underl...
by BigJohn
Tue Feb 13, 2018 8:15 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard VXUS QDI% 2017
Replies: 9
Views: 641

Re: Vanguard VXUS QDI% 2017

Have you looked at the trade off of losing the foreign tax credit if you hold in IRA/401K?
by BigJohn
Sun Feb 11, 2018 7:56 am
Forum: Investing - Help with Personal Investments
Topic: Arguments against rising equity glide path?
Replies: 40
Views: 2690

Re: Arguments against rising equity glide path?

AlohaJoe, thanks for the follow-up info, very informative.
by BigJohn
Sun Feb 11, 2018 1:05 am
Forum: Investing - Help with Personal Investments
Topic: Arguments against rising equity glide path?
Replies: 40
Views: 2690

Re: Arguments against rising equity glide path?

Assuming that this means higher return or ending value, I think there are lots of good arguments that rising equity may not be optimal. No, that's not what it means in this context. But you are right that defining success is important. So now I’m curious, what criteria for success did McClure mean ...
by BigJohn
Sun Feb 11, 2018 12:35 am
Forum: Investing - Help with Personal Investments
Topic: Arguments against rising equity glide path?
Replies: 40
Views: 2690

Re: Arguments against rising equity glide path?

In reading over the comments posted by AlohaJoe it occurred to me that a key question is the need to define the objective. It's difficult to tell for sure without more context but many of those comments seem geared toward "improved performance". Assuming that this means higher return or ending value...
by BigJohn
Sat Feb 10, 2018 7:27 pm
Forum: Investing - Help with Personal Investments
Topic: Arguments against rising equity glide path?
Replies: 40
Views: 2690

Re: Arguments against rising equity glide path?

The rising equity path makes a lot more sense as a result as opposed to being the plan. Here's what I mean. One can put a retirement plan together by create a base level of income (beyond Social Security) using fixed income and/or annuities. With this money, the plan is to spend it down to zero. Th...
by BigJohn
Fri Feb 09, 2018 7:54 pm
Forum: Investing - Help with Personal Investments
Topic: University of California - New employee Dilemma : Pension Choice or Savings Choice?
Replies: 12
Views: 1178

Re: University of California - New employee Dilemma : Pension Choice or Savings Choice?

My daughter faced a similar choice in a different state. Ultimately her choice was the 401k given that it was much more portable to another employer and she was fairly certain she would not stay with that employer for the long term. The other question that might be asked is can the terms of the pens...
by BigJohn
Fri Feb 09, 2018 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: NUA / 401(k) 1099-R rollover, is it correct?
Replies: 19
Views: 873

Re: NUA / 401(k) 1099-R rollover, is it correct?

Since the company stock was transferred to a taxable brokerage account, the stock won't qualify for rollover treatment to an IRA, and it would be taxable correct? So can't I just attach a statement to my income tax return to indicate that and explain why the inclusion in income does not tie to the ...
by BigJohn
Wed Feb 07, 2018 10:40 pm
Forum: Personal Finance (Not Investing)
Topic: NUA / 401(k) 1099-R rollover, is it correct?
Replies: 19
Views: 873

Re: NUA / 401(k) 1099-R rollover, is it correct?

hunterhe, just to help as much as possible pulling this altogether I'd add the following. The experience I related in my original post is fully consistent with what Alan S has indicated should happen. My box 2a was zero because the entire cost basis was attributed to after-tax contributions so there...
by BigJohn
Wed Feb 07, 2018 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: NUA / 401(k) 1099-R rollover, is it correct?
Replies: 19
Views: 873

Re: NUA / 401(k) 1099-R rollover, is it correct?

I did the same type of transactions in 2015. I received two different 1099-R’s from my 401k plan. The one for the rollover to a tIRA showed a total distribution with code G as expected. The other was for the NUA stock transfer. It also showed a total distribution with the total stock value in Box 1,...
by BigJohn
Thu Feb 01, 2018 8:37 pm
Forum: Investing - Help with Personal Investments
Topic: Input on South Carolina 401(a) Investment Options
Replies: 10
Views: 1504

Re: Input on South Carolina 401(a) Investment Options

Hey icecube, welcome to the forum!

She went with a Vanguard Target Retirement fund at Valic. No issues to date.
by BigJohn
Wed Jan 31, 2018 6:39 pm
Forum: Investing - Theory, News & General
Topic: looking for positive experiences transferring to Vanguard
Replies: 39
Views: 2455

Re: looking for positive experiences transferring to Vanguard

In the past three years I have transferred a 401k, a lump sum pension and a taxable account to VG without a hitch.