Search found 3715 matches

by MnD
Mon Oct 22, 2018 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Federal taxes in retirement
Replies: 25
Views: 1967

Re: Federal taxes in retirement

If I was in this boat we'd both retire, defer the higher income-earner SS to 70, take the lower earner SS at 62 and up the % withdrawal rate on the portfolio to 4-5% with a variable (percentage of annual portfolio) approach which will mitigate a runaway portfolio balance to the upside situation. You...
by MnD
Sat Oct 20, 2018 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: Received strange letter from IRS
Replies: 14
Views: 2691

Re: Received strange letter from IRS

I got a strange letter a few years ago from the hospital saying they were working on the bill for my back surgery and stay tuned.
My expected share was several thousand dollars and this was about 3 months after surgery.
No bills ever arrived!
Hope you get the same outcome. :beer
by MnD
Sat Oct 20, 2018 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Depositing Cash if it was gifted?
Replies: 112
Views: 6071

Re: Depositing Cash if it was gifted?

I was paid cash for a used car and deposited something like $8K in cash. Zero issues - deposit took about 15 seconds - he had some kind of bill counter. I did not get the evil eye and the clerk was not pulling out Treasury report forms from under the counter as I walked away. :mrgreen: If it was me ...
by MnD
Sat Oct 20, 2018 3:27 pm
Forum: Investing - Help with Personal Investments
Topic: Liquid Investment for Schwab High Yield Brokerage excess funds?
Replies: 6
Views: 360

Re: Liquid Investment for Schwab High Yield Brokerage excess funds?

Yes, we charge everything possible and all cards are set to be due and autopaid on the same day of the month. So 28 days in advance I have an exact estimate of what will be due and can adjust accordingly if direct deposits to checking won't cover it. Usually it's the other way - 28 days out I'm movi...
by MnD
Sat Oct 20, 2018 1:35 pm
Forum: Investing - Theory, News & General
Topic: "Safe" Withdrawal Rate for Early Retirees (or any retiree)
Replies: 224
Views: 17884

Re: "Safe" Withdrawal Rate for Early Retirees (or any retiree)

The message in those articles is that a little flexibility isn't going to do much at all for you in a poor sequence of returns. In a typical sensationalist blogging manner, these blog articles base their message on a volatile 80/20 stocks/bonds portfolio, with no accompanying Social Security, pensi...
by MnD
Sat Oct 20, 2018 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Where would you go for financial guidance if you win the Megamillions?
Replies: 152
Views: 12573

Re: Where would you go for financial guidance if you win the Megamillions?

Jackpot! 1 megaball match ($2), 1 megaball plus one number match ($4) and one 3 out of 6 number in Lotto (state lottery game) match ($3). A $9 dollar haul on only a $15 investment thanks to my diversified approach to lottery portfolio design. I'm off to erase my history in Google images and call the...
by MnD
Sat Oct 20, 2018 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 650
Views: 80241

Re: How much money do you want to retire?

We desire the the same or better very non-frugal financial lifestyle in retirement that we have have had while working in the years leading up to retirement. How that translates to a lump portfolio sum is highly individualized depending on numerous factors and variables. 41 days out from R-Day! :beer
by MnD
Sat Oct 20, 2018 12:13 pm
Forum: Investing - Help with Personal Investments
Topic: Liquid Investment for Schwab High Yield Brokerage excess funds?
Replies: 6
Views: 360

Re: Liquid Investment for Schwab High Yield Brokerage excess funds?

I have checking plus brokerage with 25% of brokerage funds in SWVXX, and 25% each in a 3-bill 13-week t-bill ladder maturing (at most) in 4 weeks, 9 weeks and 13 weeks. SWVXX is invested at 2.03% and the 13-week t-bills current investment rate is 2.31% which is 2.43% taxable equivalent yield assumin...
by MnD
Sat Oct 20, 2018 11:28 am
Forum: Investing - Theory, News & General
Topic: "Safe" Withdrawal Rate for Early Retirees (or any retiree)
Replies: 224
Views: 17884

Re: "Safe" Withdrawal Rate for Early Retirees (or any retiree)

The message in those articles is that a little flexibility isn't going to do much at all for you in a poor sequence of returns. In a typical sensationalist blogging manner, these blog articles base their message on a volatile 80/20 stocks/bonds portfolio, with no accompanying Social Security, pensi...
by MnD
Sat Oct 20, 2018 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Where would you go for financial guidance if you win the Megamillions?
Replies: 152
Views: 12573

Re: Where would you go for financial guidance if you win the Megamillions?

15+ years ago my coworker won large (>100MM)... didn't change the name... probably no one really knows (nor still remembers) they won.. this country moves on quick... (they did not even try to conceal it by claiming anonymously).. seems to have worked out for them but they were smart and down to ea...
by MnD
Sat Oct 20, 2018 8:43 am
Forum: Investing - Theory, News & General
Topic: "Safe" Withdrawal Rate for Early Retirees (or any retiree)
Replies: 224
Views: 17884

Re: "Safe" Withdrawal Rate for Early Retirees (or any retiree)

These are my favorite threads. We all want to know IF we should be ok in our decisions. I have seen lots of comments about "flexibility" and the notion people will not blindly just follow the 4% rule from the Trinity Study. I have not seen anyone mention the articles specifically addressing the myt...
by MnD
Fri Oct 19, 2018 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Where would you go for financial guidance if you win the Megamillions?
Replies: 152
Views: 12573

Re: Where would you go for financial guidance if you win the Megamillions?

CULater wrote:
Fri Oct 19, 2018 1:56 pm
One in 88 quadrillion odds of winning both mega millions Friday and powerball on Saturday. But I'm going for it!
Rookie mistake!
I bought a few Mega-Millions and a few Lotto's (1 in 5 million odds of $1.7M) so at least I have a decent chance of winning one jackpot. 8-)
by MnD
Fri Oct 19, 2018 11:51 am
Forum: Investing - Theory, News & General
Topic: Total Bond Market Fund - interest rates rising!
Replies: 116
Views: 10792

Re: Total Bond Market Fund - interest rates rising!

TBM price doesn't move with short-term rates. Intermediate terms rates bottomed around July 1 , 2016 at under 1.5%. TBM performance July 1, 2016 to date is negative. Bonds are not self-correcting from (in retrospect) poor investing decisions such as lending out your money for 1.5% at an average matu...
by MnD
Thu Oct 18, 2018 11:21 am
Forum: Investing - Theory, News & General
Topic: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"
Replies: 203
Views: 10723

Re: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"

i certainly wouldn't consider my entire record of global market cap equity investing with annual contributions (blue line) since 2001 a "disaster" at 7.92% CAGR versus 9.09% for US only. Nor would I make any changes, especially during a very recent relatively short period of US out-performance post-...
by MnD
Thu Oct 18, 2018 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Where would you go for financial guidance if you win the Megamillions?
Replies: 152
Views: 12573

Re: Where would you go for financial guidance if you win the Megamillions?

Why all the concern about anonymity? My state is full of rich people especially during ski season and unless they are pop culture or sports celebrities no-one bothers them. And family - I guess every family is different but I had a sibling sell a business for an eye-popping sum and no-one in the fam...
by MnD
Wed Oct 17, 2018 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Approach to rescinding a job acceptance
Replies: 50
Views: 3926

Re: Approach to rescinding a job acceptance

Phone call. You didn't know what the counter was until you gave notice so tough luck for the other company but oh well. If you are good you may not be blacklisted now that employers don't hold all the cards. Same thing with interviewing at multiple employers, accepting a position from company A and ...
by MnD
Wed Oct 17, 2018 12:01 pm
Forum: Investing - Theory, News & General
Topic: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"
Replies: 203
Views: 10723

Re: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"

To be accurate, the "other side" of this type of thread (which I've never observed in 10+ years here) would be a regular barrage of posts advocating 100% non-US only investing with subtle and not so subtle digs at US public, non-profit and private institutions, markets, laws, and culture along with ...
by MnD
Wed Oct 17, 2018 9:31 am
Forum: Investing - Theory, News & General
Topic: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"
Replies: 203
Views: 10723

Re: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"

The hypocrisy in these endless anti-international investing threads, started and flogged ad-nauseum by the same relatively small group of posters is getting tiresome and are clearly intended to be divisive. I think it's more about getting in subtle and not so subtle digs against people and their ins...
by MnD
Wed Oct 17, 2018 9:18 am
Forum: Investing - Theory, News & General
Topic: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"
Replies: 203
Views: 10723

Re: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"

But, every time the “internationalists” meet someone who doesn’t want to transfer wealth to the rest of the world, they deride this decision with ageist remarks about Jack Bogle, or remarks about how “provincial” it is. “Provincial” is a polite way of saying “stupid”. Fractional owners of any compa...
by MnD
Tue Oct 16, 2018 9:17 am
Forum: Investing - Theory, News & General
Topic: Vanguard screws up rollover from TSP
Replies: 28
Views: 2514

Re: Vanguard screws up rollover from TSP

That's especially bad considering the TSP is not some little "brand X" 401-K plan.
by MnD
Tue Oct 16, 2018 8:53 am
Forum: Investing - Theory, News & General
Topic: "Safe" Withdrawal Rate for Early Retirees (or any retiree)
Replies: 224
Views: 17884

Re: "Safe" Withdrawal Rate for Early Retirees (or any retiree)

If your objective is to translate decades of "saving for retirement" into retirement income, the medium and low inflation adjusted SWR's (3-4%) lack much utility, other than providing a pretty good stake in the richest person in the graveyard contest. Here's 5% of annual portfolio balance spend wit...
by MnD
Mon Oct 15, 2018 6:37 pm
Forum: Investing - Theory, News & General
Topic: "Safe" Withdrawal Rate for Early Retirees (or any retiree)
Replies: 224
Views: 17884

Re: "Safe" Withdrawal Rate for Early Retirees (or any retiree)

If your objective is to translate decades of "saving for retirement" into retirement income, the medium and low inflation adjusted SWR's (3-4%) lack much utility, other than providing a pretty good stake in the richest person in the graveyard contest. Here's 5% of annual portfolio balance spend with...
by MnD
Mon Oct 15, 2018 3:43 pm
Forum: Investing - Theory, News & General
Topic: 8-week t-bill debuts tomorrow 10/16
Replies: 3
Views: 1032

8-week t-bill debuts tomorrow 10/16

The 8-week placeholder has been added to the Treasury yield curve tables. Seems like an odd addition. Maybe a good core holding for money-market funds to stay under 60 days? Effective Tuesday, October 16, 2018, with the inaugural auction of the new benchmark 8-week Treasury bill, Treasury plans to i...
by MnD
Mon Oct 15, 2018 2:40 pm
Forum: Investing - Help with Personal Investments
Topic: Exchanging VT total world stock for VTI & VXUS
Replies: 14
Views: 803

Re: Exchanging VT total world stock for VTI & VXUS

To my questions -- am I correct in assuming that if I buy VTI & VXUS in the same proportions as VT (a float-adjusted market-cap weighted fund), I can leave them alone with no re-balancing and I'll accomplish the same hands-off result across both funds as I currently have owning VT (this is the reas...
by MnD
Mon Oct 15, 2018 1:16 pm
Forum: Investing - Theory, News & General
Topic: Treasuries in higher tax state
Replies: 12
Views: 1137

Re: Treasuries in higher tax state

If you buy Treasury bonds in a brokerage account, you will pay spreads, just as on any other trade in a brokerage account. However, spreads on Treasuries are very low. Alternatively, you can buy new-issue Treasury bonds from Treasury Direct. Schwab also and probably others. Just purchased my monthl...
by MnD
Mon Oct 15, 2018 11:09 am
Forum: Personal Finance (Not Investing)
Topic: 1040-ES missed Sept 15 payment
Replies: 3
Views: 541

1040-ES missed Sept 15 payment

A family member (single recent grad) started a 1099 job around August 1 and did not make an estimated tax payment on/before Sept 15. Should he make a late Q3 payment now, or just wait till he files in January? The question is basically does making a late Q3 payment save any interest/penalties versus...
by MnD
Mon Oct 15, 2018 10:23 am
Forum: Investing - Theory, News & General
Topic: Is your Taxable account crowed with "highly correlated" but not "substantially identical' funds? how else can you TLH
Replies: 15
Views: 1077

Re: Is your Taxable account crowed with "highly correlated" but not "substantially identical' funds? how else can you TL

Maybe this has been answered before, but do brokers report to IRS if for example you sell VOO (vanguard S&P and buy VTI Vanguard total stock or in more similar ETF, sell VTI and but ITOT ( Ishare total stock). In the second case I know that IRS would most likely treat it as similar but was wonderin...
by MnD
Mon Oct 15, 2018 10:14 am
Forum: Investing - Theory, News & General
Topic: Sears, a 125 year old company is now a penny stock.
Replies: 123
Views: 14495

Re: Sears, a 125 year old company is now a penny stock.

My first piece of plastic was a Sears charge card back around 1975. I had just graduated from college and couldn't qualify for anything else yet. The only credit app rejection of my life was for a Sears card. Just graduated and had a couple gas station cards. Shortly after applied for a Visa at my ...
by MnD
Sun Oct 14, 2018 10:29 pm
Forum: Investing - Help with Personal Investments
Topic: invest in sears bond maturing next week 10/15 , trading at 58c on the $
Replies: 18
Views: 2582

Re: invest in sears bond maturing next week 10/15 , trading at 58c on the $

I bought a truckload of General Motors bonds pre-bankruptcy at a variety of prices with an average something like 12 cents on the dollar. Ended up +165% but while I was waiting for recovery the market was up that much so it was not worth the risk. But I learned a lot about corporate bonds in bankrup...
by MnD
Sat Oct 13, 2018 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Is it worth filing FAFSA even if you know you'll get nothing?
Replies: 70
Views: 4898

Re: Is it worth filing FAFSA even if you know you'll get nothing?

Some schools make you fill it out even to be eligible for merit based scholarships. I think some schools use merit scholarships to "top up" financing for households with students with demographics they want but that are just over the line for receiving need aid. DD's roommate had incoming credentia...
by MnD
Sat Oct 13, 2018 11:14 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Federal Money Market compared to Prime Money Market
Replies: 19
Views: 2088

Re: Vanguard Federal Money Market compared to Prime Money Market

If I was at Vanguard I'd put 75% in a 3-date 13-week t-bill ladder (2.40% current TEY at 5% state tax), 25% in Prime or Federal and do a lot better than what's being discussed here. The tax benefit on Federal MM puts the TEY up high enough IMO that the Prime non-sweep purchase and sale requirements ...
by MnD
Sat Oct 13, 2018 10:10 am
Forum: Investing - Theory, News & General
Topic: Timing of non-sweep MM fund sale to cover t-bill purchase
Replies: 4
Views: 281

Re: Timing of non-sweep MM fund sale to cover t-bill purchase

Yes it is a margin account and I agree everything settling Thursday should be fine based on reading my brokerages guidance.
I had been selling the MM fund on Mondays but I will try selling Wednesdays and report back if anything unexpected happens.
by MnD
Sat Oct 13, 2018 9:11 am
Forum: Investing - Theory, News & General
Topic: Timing of non-sweep MM fund sale to cover t-bill purchase
Replies: 4
Views: 281

Timing of non-sweep MM fund sale to cover t-bill purchase

13 and 26 week t-bills (typically) sell at auction on Mondays and settle that Thursday. My non-sweep purchased money market fund settles funds next day so a Wednesday sale settles Thursday. So is it ok to wait to sell MM on Wednesday to have both the T-bill and and MM funds settle Thursday and avoid...
by MnD
Fri Oct 12, 2018 10:26 pm
Forum: Investing - Theory, News & General
Topic: Who worries about a bear market in stocks?
Replies: 71
Views: 5680

Re: Who worries about a bear market in stocks?

Don't feed the troll.
by MnD
Wed Oct 10, 2018 9:53 pm
Forum: Personal Finance (Not Investing)
Topic: Do you use your own cards for work travel?
Replies: 16
Views: 1118

Re: Do you use your own cards for work travel?

Ah the good old days!
For many years now my Megagov employer requires using the Megagov card - so no goodies in this dept.
by MnD
Wed Oct 10, 2018 6:46 pm
Forum: Investing - Theory, News & General
Topic: When will you backup the truck on stocks
Replies: 95
Views: 8287

Re: When will you backup the truck on stocks

Only if and when rebalancing bands are exceeded and then I will purchase the exact amount of equity through sales of FI to restore AA to target and the midpoint of bands. New money goes in at AA as always. No tinkering, no hunches, no emotion. If rebalancing bands are exceeded, stocks very much will...
by MnD
Tue Oct 09, 2018 1:30 pm
Forum: Investing - Theory, News & General
Topic: “It’s probably wise to sell to the sleeping point.” - Jack Bogle
Replies: 83
Views: 11557

Re: “It’s probably wise to sell to the sleeping point.” - Jack Bogle

With periodic rebalancing, you are buying into the teeth of a bear market. I plan to do just that. However, it is no guarantee against losses. In fact, you buy into losses. I wonder how many of us would be ready, willing, and able to keep buying all the way down if the stock market loses twenty, or...
by MnD
Mon Oct 08, 2018 3:49 pm
Forum: Investing - Theory, News & General
Topic: Fidelity 1.8% money market fund with unlimited checkwriting and free ATMs
Replies: 23
Views: 2069

Re: Fidelity 1.8% money market fund with unlimited checkwriting and free ATMs

I predict for cash management that banks (both brick and mortar and stand-alone on-line) are going to be the next landline phone and cable TV subscription as far as things that people born after a certain year have zero use for. Neither of my kids have a local or stand-alone on-line banking account...
by MnD
Mon Oct 08, 2018 12:36 pm
Forum: Investing - Theory, News & General
Topic: Fidelity 1.8% money market fund with unlimited checkwriting and free ATMs
Replies: 23
Views: 2069

Re: Fidelity 1.8% money market fund with unlimited checkwriting and free ATMs

I predict for cash management that banks (both brick and mortar and stand-alone on-line) are going to be the next landline phone and cable TV subscription as far as things that people born after a certain year have zero use for. Neither of my kids have a local or stand-alone on-line banking account....
by MnD
Mon Oct 08, 2018 10:11 am
Forum: Investing - Theory, News & General
Topic: Fidelity 1.8% money market fund with unlimited checkwriting and free ATMs
Replies: 23
Views: 2069

Re: Fidelity 1.8% money market fund with unlimited checkwriting and free ATMs

I am switching banks to get 1.8% on my checking account. With a Fidelity cash management account, you can put your savings/checking money into a government money market account currently getting 1.8% (minus ~.30% fees) and you get unlimited check writing and ATM use on all of your money, plus ATM f...
by MnD
Mon Oct 08, 2018 9:26 am
Forum: Investing - Theory, News & General
Topic: “It’s probably wise to sell to the sleeping point.” - Jack Bogle
Replies: 83
Views: 11557

Re: “It’s probably wise to sell to the sleeping point.”

If someone is close to retirement or in retirement and has the retirement secured, I’d say don’t mess around. Consider doing something more definitive than just 5-10% to lock in the gains of the last decade. Monte Carlo Simulation can be very helpful for these decisions. 8 weeks from retirement and...
by MnD
Sun Oct 07, 2018 5:47 pm
Forum: Investing - Theory, News & General
Topic: “It’s probably wise to sell to the sleeping point.” - Jack Bogle
Replies: 83
Views: 11557

Re: “It’s probably wise to sell to the sleeping point.” - Jack Bogle

Whose sleeping point? I try to keep in mind that as the self-appointed “money management guy” in the family, loved ones are counting on me not to screw it up. I’m not going to be able to explain away a devastating market loss to family members by quoting Bogleheadian strictures against market timin...
by MnD
Sun Oct 07, 2018 4:35 pm
Forum: Investing - Theory, News & General
Topic: Why not a 2 fund portfolio like Bogle suggests
Replies: 79
Views: 13643

Re: Why not a 2 fund portfolio like Bogle suggests

No, BNDW is horrible. VT= Vanguard Total World Equity Index DODLX = Dodge and Cox Global Bond DODLX is even worse. ER of .45 on a bond fund? Not to mention that hefty chunk of 43% near-junk BAA grade bonds... I've yet to be disappointed in Dodge and Cox income funds paired with equity index funds. ...
by MnD
Sun Oct 07, 2018 3:10 pm
Forum: Investing - Theory, News & General
Topic: Why not a 2 fund portfolio like Bogle suggests
Replies: 79
Views: 13643

Re: Why not a 2 fund portfolio like Bogle suggests

VT and BNDW is even better. Way more diversification and so so simple. VT= Vanguard Total World Equity Index BNDW=Vanguard Total World Bond Index Someone should write a book about this. No, BNDW is horrible. VT= Vanguard Total World Equity Index DODLX = Dodge and Cox Global Bond DODLX is even worse...
by MnD
Sun Oct 07, 2018 12:24 pm
Forum: Investing - Theory, News & General
Topic: 40-60% drawdown in bonds
Replies: 42
Views: 3755

Re: 40-60% drawdown in bonds

The inflation adjusted drawdown in Vanguard intermediate and long term Treasury index funds (Admiral) since July 1, 2016 are around -8.8% and -17.0% respectively. I substituted July 2016-August 2018 inflation for July 2016-September 2018 since September 2018 numbers are not out yet.
by MnD
Sun Oct 07, 2018 9:38 am
Forum: Investing - Theory, News & General
Topic: 40-60% drawdown in bonds
Replies: 42
Views: 3755

40-60% drawdown in bonds

1940-81 were not happy times for the fixed income investor. 1982 through mid-2016 cemented the "bonds are for safety" mentality into nearly every current investor, but one wonders if that concrete isn't getting a little old. https://www.bloomberg.com/view/articles/2018-02-12/bond-bear-markets-aren-t...
by MnD
Sun Oct 07, 2018 9:08 am
Forum: Investing - Theory, News & General
Topic: “It’s probably wise to sell to the sleeping point.” - Jack Bogle
Replies: 83
Views: 11557

Re: “It’s probably wise to sell to the sleeping point.” - Jack Bogle

I have a hard time understanding this concept: sell to the sleeping point. I am not sure what that actually means. It seems to me that in a recession/crisis, the correlation of stocks and bonds moves to '1', and both tank. Did people with a 50% allocation to bonds really sleep all that much better ...
by MnD
Sun Oct 07, 2018 8:29 am
Forum: Investing - Theory, News & General
Topic: “It’s probably wise to sell to the sleeping point.” - Jack Bogle
Replies: 83
Views: 11557

Re: “It’s probably wise to sell to the sleeping point.”

If someone is close to retirement or in retirement and has the retirement secured, I’d say don’t mess around. Consider doing something more definitive than just 5-10% to lock in the gains of the last decade. Monte Carlo Simulation can be very helpful for these decisions. 8 weeks from retirement and...