Search found 4567 matches

by MnD
Fri May 22, 2020 7:22 am
Forum: Investing - Theory, News & General
Topic: Taxable Account - a Swiss Army Knife for Savers
Replies: 33
Views: 4642

Re: Taxable Account - a Swiss Army Knife for Savers

1986-1990 we built up a $70K taxable account 100% equity and never added to it again. IRA limits were very low, my 401-K limit was low and DW did not have a 401-K option. By 1990 we had enough options to direct what we wanted to save to retirement accounts. We never considered it a retirement accoun...
by MnD
Thu Apr 30, 2020 7:44 am
Forum: Investing - Theory, News & General
Topic: Time to rebalance by selling stocks?
Replies: 24
Views: 1998

Re: Time to rebalance by selling stocks?

Rebalanced to 70/30 on 3/17 close (from 64/36) and currently 73/27.
So per my IPS below I will not be rebalancing now.
by MnD
Mon Apr 27, 2020 9:06 am
Forum: Personal Finance (Not Investing)
Topic: IRS Get My Payment up and running
Replies: 369
Views: 24315

Re: IRS Get My Payment up and running

My son was finally able to get past the dead end status message and enter his bank info on Friday April 25 and the system said it accepted it. Today 4/27 the system updated to say he will be getting a paper check mailed and it will likely go to an old address since that's the one on his 2018 return....
by MnD
Mon Apr 27, 2020 9:03 am
Forum: Personal Finance (Not Investing)
Topic: IRS Get My Payment up and running
Replies: 369
Views: 24315

Re: IRS Get My Payment up and running

Alan S. wrote:
Sat Apr 25, 2020 10:21 pm
Has anyone here received their rebate who is subject to AGI income phaseout?
Yes, direct deposited on April 15 for about 25% of the max.
by MnD
Fri Apr 24, 2020 9:57 am
Forum: Personal Consumer Issues
Topic: Coronavirus (Consumer Issues) How you are preparing?
Replies: 1590
Views: 128878

Re: Coronavirus (Consumer Issues) How you are preparing?

I just went on a grocery run this afternoon, and the place seemed decimated. It was far worse than in the first couple of weeks of the lockdown. Here in north central CT, the Stop&Shop chain is about the biggest grocer you can find. Now the shortages weren't just in TP and cleaning products. Produc...
by MnD
Tue Apr 21, 2020 9:29 am
Forum: Investing - Theory, News & General
Topic: Are we better off now than Dec 2018?
Replies: 200
Views: 12791

Re: Are we better off now than Dec 2018?

I think people need to ask themselves why they are freaked out about a US stock market that is just about where it was in Dec 2018. Why not just take what you had back then “off the table”. THINK about this! We are looking to be in far worse shape over the next year than anything that was remotely ...
by MnD
Mon Apr 20, 2020 8:27 am
Forum: Investing - Theory, News & General
Topic: SS and Pension
Replies: 40
Views: 2815

Re: SS and Pension

I looked at my current pension (and later SS) as income streams and I also calculated their net present value and looked at them as assets. It was all very informative and I was reassured how things seemed to cross-check such as pension providing about 50% of our income and NPV of pension being abou...
by MnD
Sun Apr 19, 2020 7:53 am
Forum: Investing - Theory, News & General
Topic: Are you comfortable with your emergency fund arrangements?
Replies: 44
Views: 3480

Re: Are you comfortable with your emergency fund arrangements?

Yes, very comfortable as always over the decades with our entire portfolio serving (among other things) as an emergency fund along with ample credit, a modicum of cash in what we call our house/spending/quarterly tax account and enough to pay current bills in checking. Never had some bolted on cash ...
by MnD
Fri Apr 17, 2020 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Pulling forward tax savings from stimulus and TLH
Replies: 5
Views: 239

Pulling forward tax savings from stimulus and TLH

So for 2020 I'll receive the $2400 stimulus credit in early 2021 when I file (as my 2019 income was too high). I will also able to deduct $3000 from ordinary income at 22% tax rate ($660 savings) due to 2020 tax loss harvesting. To pull this forward I plan to reduce my federal estimated quarterly ta...
by MnD
Fri Apr 17, 2020 9:34 am
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 3949
Views: 296718

Re: Coronavirus and the market

The trigger has been pulled in terms of a significant economic slowdown regardless of good news on treatments vaccines ect. In 2007 the trigger was the subprime mortgage meltdown but the status of sub-prime mortgage securities was not what drove the market in later 2008 and 09 to the bottom nor dete...
by MnD
Fri Apr 17, 2020 8:49 am
Forum: Personal Consumer Issues
Topic: Frugal quarantine habits to keep
Replies: 87
Views: 8233

Re: Frugal quarantine habits to keep

On-line shopping and curbside pickup at the giant deep discount liquor store fairly near us is working great and see no reason to return to in-store shopping especially at the over-priced small liquor store closest to us. On-line shopping results in more mindful purchasing of exactly what we want an...
by MnD
Fri Apr 17, 2020 8:41 am
Forum: Investing - Theory, News & General
Topic: Stimulus payment reduced by previous Roth conversion
Replies: 28
Views: 1835

Re: Stimulus payment reduced by previous Roth conversion

Will not be doing any Roth conversions because of this as will be at the cusp of 150K in 2020 without conversions. 2019 income resulted in very little payment but will get the remainder in 2020 unless I do something to goose income. I'm also skeptical about the increased merits of Roth converting ju...
by MnD
Thu Apr 16, 2020 8:54 am
Forum: Personal Finance (Not Investing)
Topic: How many paid for kids' college?
Replies: 282
Views: 13464

Re: How many paid for kids' college?

I'm surprised that no one has mentioned that college financial aid packages assume that parents are willing to pay to the extent the college deems they can. If you are high income and refuse to pay, it makes things very difficult for your child. Many parents don't get this and create a huge problem...
by MnD
Wed Apr 15, 2020 9:02 am
Forum: Personal Finance (Not Investing)
Topic: [Government stimulus payments]
Replies: 351
Views: 27160

Re: [Government stimulus payments]

Got some of it today (mostly capped) but should get the remainder when I file for 2020 if I manage sources of 2020 income correctly. Went into a non-bank brokerage account I used for my 2019 refund - was wondering if that would cause a problem but it did not. Tax loss harvesting in March will help a...
by MnD
Tue Apr 14, 2020 9:33 am
Forum: Personal Finance (Not Investing)
Topic: How many paid for kids' college?
Replies: 282
Views: 13464

Re: How many paid for kids' college?

We paid for both kids - up to the total cost of 4-year attendance at the flagship in-state State U. That just set our contributor limit - kids could go where they wanted. Both selected schools within that limit as they did not want debt. My parents did this for myself and my four siblings so paying ...
by MnD
Tue Apr 14, 2020 9:22 am
Forum: Investing - Theory, News & General
Topic: Charles Schwab on AA -"Youre Fifty now what?"
Replies: 15
Views: 1600

Re: Charles Schwab on AA -"Youre Fifty now what?"

70/30 for life, age 57 retired. Pension provides ~50% of income and covers all needs and some wants. Low fixed expenses. Not frugal, like spending money. So we have both the capacity to take risk as well as the temperament _and_ significant utility for the additional income that a higher AA to equit...
by MnD
Mon Apr 13, 2020 10:08 am
Forum: Personal Finance (Not Investing)
Topic: What opportunities are there to take advantage of the coronavirus situation?
Replies: 26
Views: 3719

Re: What opportunities are there to take advantage of the coronavirus situation?

Tax loss harvested Rebalanced Got the cool weather things planted in garden on time for a change. Moved my fitness program to 100% outdoors (running and cycling) and now building running mileage to 40 miles per week from low 30's. Bought a much better bike helmet (don't want to end up in hospital ar...
by MnD
Mon Apr 13, 2020 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Helping in-law - hasn't filed taxes since 2010
Replies: 54
Views: 3864

Re: Helping in-law - hasn't filed taxes since 2010

People have covered the filing. Why didn't she file? Are there underlying issues? I wouldn't ignore those. This is reckless behavior. This type of return can be filed online for free (I know that probably didn't exist 10 years ago) in less than 10 minutes per year! I'm not a psychologist but I've r...
by MnD
Mon Apr 13, 2020 7:51 am
Forum: Personal Finance (Not Investing)
Topic: Helping in-law - hasn't filed taxes since 2010
Replies: 54
Views: 3864

Re: Helping in-law - hasn't filed taxes since 2010

I believe refunds are not paid on returns more than 3 years old. So 2015 and older are gone unless you owe. 2016 returns can be filed through 7/15/20 and still get a refund. And it has to received by 7/15, not just mailed. I believe the SOL is three years from the filing due date of the missed 2016...
by MnD
Sun Apr 12, 2020 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Helping in-law - hasn't filed taxes since 2010
Replies: 54
Views: 3864

Re: Helping in-law - hasn't filed taxes since 2010

Thanks for all the advice. I believe she has W-2's for at least a few years back and that's really all the info she needs as she does not have other income or anything that would be a credit or itemized deduction. I think I'll use the "fast approaching deadline for 2016" to get her to get me the W-2...
by MnD
Sat Apr 11, 2020 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Helping in-law - hasn't filed taxes since 2010
Replies: 54
Views: 3864

Helping in-law - hasn't filed taxes since 2010

Made $50-65k annually in W-2 wages with withholding done by employer. Single, no dependents, renter, no investment income or interest. No 401-K or IRA. Owes a lot in student loans - not sure how current she is on them or what her payment history was. I think she elected 2 exemptions versus 1 so prob...
by MnD
Tue Apr 07, 2020 12:04 pm
Forum: Personal Investments
Topic: First Time TLH
Replies: 18
Views: 840

Re: First Time TLH

No reason not to sell all lots. What are you going to do with the money you get from selling? "You tell me!" Seriously, that was one of many questions. I don't mind ending up back in VTSAX for the long haul. But am I correct that I must wait 31 days to avoid a wash sale? SCHB doesn't attempt to tra...
by MnD
Thu Apr 02, 2020 6:39 pm
Forum: Investing - Theory, News & General
Topic: Don't like bonds? They are outperforming stocks since 1999
Replies: 63
Views: 4760

Re: Don't like bonds? They are outperforming stocks since 1999

I'm going to back up the truck and buy 6.5% yield 10-year treasuries at par tomorrow.
Thanks for the tip!
by MnD
Thu Apr 02, 2020 2:03 pm
Forum: Investing - Theory, News & General
Topic: New era for TSP "I" Fund?
Replies: 119
Views: 17178

Re: New era for TSP "I" Fund?

Anyone know more than I do about a timeline for implementation of this? Every time I try to search for news on it I only find months-old information; the latest that Congress opposed certain investments but the TSP board President said it was still moving forward- however, no timeline was provided....
by MnD
Sun Mar 29, 2020 9:16 am
Forum: Investing - Theory, News & General
Topic: Why decreasing stock allocation after a big dip can sometimes make sense
Replies: 131
Views: 5946

Re: Why decreasing stock allocation after a big dip can sometimes make sense

People who "use" a bear market to permanently adjust their AA to a new lower equity level via the loss and their inability to bring themselves to rebalance simply had an inappropriate asset allocation prior to the decline when the sky was blue and winds were calm. That was the time to adjust the ass...
by MnD
Sat Mar 28, 2020 10:18 am
Forum: Personal Finance (Not Investing)
Topic: What have you learned from this situation that you will take action on?
Replies: 158
Views: 14387

Re: What have you learned from this situation that you will take action on?

Since this is in personal finance I'd have to say I learned nothing other than to note a lot of people clearly don't have a plan or can't stick to their plan. Having a 4 short sentences IPS that covers rebalancing and includes a retirement income plan has been a great help to me. Had a little fun wi...
by MnD
Fri Mar 27, 2020 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: unemployment insurance for gig and misclassified workers
Replies: 21
Views: 1512

Re: unemployment insurance for gig and misclassified workers

Yay! This plugged a huge gap for misclassified and gig workers which have grown greatly in the recent "good" times. https://www.nytimes.com/article/coronavirus-stimulus-package-questions-answers.html Are gig workers, freelancers and independent contractors covered in the bill? Yes, self-employed peo...
by MnD
Fri Mar 27, 2020 9:51 am
Forum: Personal Consumer Issues
Topic: Coronavirus (Consumer Issues) How you are preparing?
Replies: 1590
Views: 128878

Re: Coronavirus (Consumer Issues) How you are preparing?

We've had no liquid hand sanitizer, no isopropyl alcohol, no hydrogen peroxide and no skin-approved sanitizer wipes since the get-go. When we shop we look and _never_ find any of the above but aren't making special trips to multiple stores just to look for above. We have no need to shop for a couple...
by MnD
Fri Mar 27, 2020 8:29 am
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 3949
Views: 296718

Re: Coronavirus and the market

Ascenia (Ann Taylor, LOFT, Dressbarn, Lane Bryant, Catherines and Justice) "temporarily" closes all 2800 stores and furloughs 100% of sales associates. https://www.streetinsider.com/Corporate+News/Ascena+Retail+Group+%28ASNA%29+has+closed+all+2%2C800+stores+and+furloughed+all+associates+-+Source/166...
by MnD
Thu Mar 26, 2020 11:08 am
Forum: Investing - Theory, News & General
Topic: VCIT
Replies: 9
Views: 453

Re: VCIT

I think I learned a good lesson as of late about corporate bonds. I own about 50 K of VCIT in my Roth that I bought about 2 years ago. If I sell between 85 and 86 it is what I bought it for. I am thinking of saying good bye to corporate bonds. Any thoughts about owning corporate bonds going forward...
by MnD
Thu Mar 26, 2020 10:50 am
Forum: Personal Investments
Topic: Rick Ferri says to put aside something for "Bingo Money"
Replies: 76
Views: 9164

Re: Rick Ferri says to put aside something for "Bingo Money"

I haven't even looked at it now as I really stick to my 3 fund portfolio, but in the financial crisis I made good $$$ on bonds of GM and Ford. I bought for pennies on the dollar. You have more protection than the stock (which garners no protection really) if they file for bankruptcy protection (whi...
by MnD
Thu Mar 26, 2020 9:15 am
Forum: Personal Consumer Issues
Topic: Are you still going to the grocery store or using a delivery service? Which?
Replies: 279
Views: 21009

Re: Are you still going to the grocery store or using a delivery service? Which?

Been going weekly but now not going for two weeks (at least).
Pickup curbside service at King Soopers (Krogers) was non-functional when I checked a couple days ago.
I'm not going to use up a delivery or pickup slot for "wants" when there are so many with needs.
by MnD
Thu Mar 26, 2020 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Does schwab provide auto daily liquidation like Fidelity?
Replies: 4
Views: 512

Re: Does schwab provide auto daily liquidation like Fidelity?

Managing ins and outs in cash and money market balances at Schwab provides regular math-based activities for customers, thus I consider it a plus. :mrgreen:
by MnD
Thu Mar 26, 2020 8:52 am
Forum: Personal Investments
Topic: Rick Ferri says to put aside something for "Bingo Money"
Replies: 76
Views: 9164

Re: Rick Ferri says to put aside something for "Bingo Money"

Bought 200 shares of RCL at 23 to get onboard credit during cruises. After some thought I rebalanced (with 2%) into it at 32.5. Little to lose, much to gain. :greedy To be fair bankruptcy is certainly a possibility. But I’ll take my chances. We’re playing bingo remember. I haven't even looked at it...
by MnD
Thu Mar 26, 2020 8:32 am
Forum: Personal Investments
Topic: Rick Ferri says to put aside something for "Bingo Money"
Replies: 76
Views: 9164

Re: Rick Ferri says to put aside something for "Bingo Money"

How about Royal Caribbean? BTW, I holding tight with my 3 fund but I have considered putting some money into some of the cruise ship stocks. Bought 200 shares of RCL at 23 to get onboard credit during cruises. After some thought I rebalanced (with 2%) into it at 32.5. Little to lose, much to gain. ...
by MnD
Wed Mar 25, 2020 2:49 pm
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 3949
Views: 296718

Re: Coronavirus and the market

The only good reason I see would be simplicity. My fixed income is all in the G Fund and some FDIC insured prepaid accounts earning 5%+ with limited max balances. I expect the G Fund rate to fall next month from its current 1.25%. At that rate, I'm more willing to spend some time squeezing extra yi...
by MnD
Wed Mar 25, 2020 9:18 am
Forum: Personal Investments
Topic: what fixed income today?
Replies: 37
Views: 1954

Re: what fixed income today?

Treasurys. Yes, I know they pay close to zero. But zero is better than a loss. I'd guess a lot of people are dumping their blended and corporate bond funds after taking the recent price decline and moving into treasuries on the basis of recent performance and perception of "safety". If they move in...
by MnD
Tue Mar 24, 2020 5:32 pm
Forum: Personal Investments
Topic: Total Bond Fund Wash Sale Alternatives
Replies: 4
Views: 257

Re: Total Bond Fund Wash Sale Alternatives

You sold your bond funds that had some credit risk credit after the credit risk showed up and they lost money. You are now asking about moving to funds that are credit risk free but to varying degrees are subject to interest risk. To some extent that would be locking in your losses in credit and con...
by MnD
Tue Mar 24, 2020 9:47 am
Forum: Investing - Theory, News & General
Topic: TLH Partners for ESGV and VSGX?
Replies: 3
Views: 214

Re: TLH Partners for ESGV and VSGX?

Tough one. I consider ESGV and VSGX to be new best in class products so finding good TLH partners can be tough. Similiar situation for someone invested in VG Total World Stock (VT) Consider iShares: XSUS for US ESG A mix of XSEA and and XSEM to approximate VSGX At first glance I don't consider these...
by MnD
Tue Mar 24, 2020 9:28 am
Forum: Investing - Theory, News & General
Topic: the ‘emotional/psychological’ side of investing at this point in time
Replies: 17
Views: 1248

Re: the ‘emotional/psychological’ side of investing at this point in time

we pick our assets (and set our overall AA %s), Please, explain this to me: Some time in the past, which I assume to be last January or earlier, you picked your AA based on the determination of the level of risk you are comfortable with, as you wrote. Now, it turns out that stocks are not as risky ...
by MnD
Mon Mar 23, 2020 3:33 pm
Forum: Investing - Theory, News & General
Topic: A Call For Compassion
Replies: 58
Views: 4646

Re: A Call For Compassion

Selling into this decline just makes matters worse for themselves, the markets and by crowing about it to others that now might be considering it. It's like the people that continue to overshop for grocery despite having plenty. It's putting stress on the suppliers and grocery stores that can't keep...
by MnD
Mon Mar 23, 2020 2:49 pm
Forum: Personal Investments
Topic: Exchange IXUS to IEFA is that a wash sale?
Replies: 8
Views: 284

Re: Exchange IXUS to IEFA is that a wash sale?

Not a wash sale. But if you see IEFA flat or at a loss any time in the future consider selling it and buying VXUS. IXUS and VXUS are much better tax loss pairs as they are both track much more complete international indexes. IEFA is missing 30% of the international market - namely all emerging marke...
by MnD
Mon Mar 23, 2020 11:12 am
Forum: Investing - Theory, News & General
Topic: Which industry is most likely to survive CoronaCrash?
Replies: 14
Views: 892

Re: Which industry is most likely to survive CoronaCrash?

Any zombie businesses that should have gone out of business a log time ago but were hanging on with cheap credit under super-relaxed terms and a booming economy that kept some level of barely acceptable traffic coming through the doors are toast. This is going thin out the weak among just about ever...
by MnD
Mon Mar 23, 2020 8:52 am
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 3949
Views: 296718

Re: Coronavirus and the market

Idle speculation alert..... Monday opens are going to be rough for a few weeks due to investors both big and small ruminating over the weekend and some percentage convincing themselves to sell at the open to "save themselves". If you've mentally throw in the towel on Saturday afternoon you aren't go...
by MnD
Sun Mar 22, 2020 5:56 pm
Forum: Personal Investments
Topic: I feel no fear and no pain. Is now the time to reallocate more toward equity?
Replies: 43
Views: 2540

Re: I feel no fear and no pain. Is now the time to reallocate more toward equity?

Vanguard 2050 is 90/10 and if during this time you find you have the capacity and willingness to take on more risk to 90/10, I'd say go for it. It's not a huge change risk-wise. But after that, install a rule-based allocation strategy going forward. No more changing allocation based on feelings duri...
by MnD
Sun Mar 22, 2020 1:45 pm
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 3949
Views: 296718

Re: Coronavirus and the market

This dataset seems useful for tracking job loss/regain in the small biz restaurant, food & beverage, retail and services sector. -39% as of yesterday. :shock: https://docs.google.com/spreadsheets/d/e/2PACX-1vTf0Ce37p3B0Qy-5BZPh1p9-WwEekPOxVdpMsumy6JFeCIt9EO6ZxbGNpnNxjdf9Mr9USeIMqjq9YU0/pubhtml?urp=...
by MnD
Sun Mar 22, 2020 11:08 am
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 3949
Views: 296718

Re: Coronavirus and the market

The Italian stock market index was down 41% from recent Feb 19 peak to March 12 recent trough.
Has been trading generally up since March 12.
https://www.borsaitaliana.it/borsa/indi ... IB&lang=en
by MnD
Sun Mar 22, 2020 10:03 am
Forum: Investing - Theory, News & General
Topic: You planned for drop, but you hadn't counted on x
Replies: 20
Views: 1699

Re: You planned for drop, but you hadn't counted on x

Most of us here had a carefully developed AA, so the drop wasn't unplanned for. But I was curious what unexpected surprises folks have experienced thus far despite their planning. I have a tab on my spreadsheet where I calculate how my funds look hypothetically with a 70% crash, so today's low figu...
by MnD
Sun Mar 22, 2020 9:26 am
Forum: Investing - Theory, News & General
Topic: I won the game but kept playing
Replies: 133
Views: 11714

Re: I won the game but kept playing

$2.2M is the new $2.8M. And given single and joint life expectancies, you "game" may have 40 or more years to run. Nothing feels better than having stayed the course during a crash and watching your portfolio rebound while those that bailed and locked in their losses wring their hands day after day,...
by MnD
Sat Mar 21, 2020 5:11 pm
Forum: Investing - Theory, News & General
Topic: How did you TLH during this correction?
Replies: 65
Views: 3501

Re: How did you TLH during this correction?

GWX+SCHC --> VSS
More complete indexing and one less fund. :beer
GWX was a tax gain harvest but bagged an overall loss for future gains or against ordinary income.
Also VXUS --> IXUS