Search found 4887 matches

by Earl Lemongrab
Tue Aug 14, 2018 12:10 am
Forum: Investing - Help with Personal Investments
Topic: RMD's: take distributions vs selling
Replies: 34
Views: 2198

Re: RMD's: take distributions vs selling

Perhaps I just don't understand what you're saying. My perception was that due to distributions (regardless of the reason) you had to sell stocks at depressed prices. But it really seems that the reason is because you use balanced funds of some sort and you want to keep doing that, so you always sel...
by Earl Lemongrab
Mon Aug 13, 2018 5:27 pm
Forum: Investing - Help with Personal Investments
Topic: RMD's: take distributions vs selling
Replies: 34
Views: 2198

Re: RMD's: take distributions vs selling

Ok, but again, it wasn't the RMDs forcing you do anything. You needed money to live on. And since you had both stocks and bonds you should have rebalanced after withdrawals. Using target funds is a choice not a mandate. Last comment. I have no rebalancing to make as I used 'then and use now only ba...
by Earl Lemongrab
Mon Aug 13, 2018 4:18 pm
Forum: Investing - Help with Personal Investments
Topic: RMD's: take distributions vs selling
Replies: 34
Views: 2198

Re: RMD's: take distributions vs selling

Ok, but again, it wasn't the RMDs forcing you do anything. You needed money to live on. And since you had both stocks and bonds you should have rebalanced after withdrawals. Using target funds is a choice not a mandate.
by Earl Lemongrab
Mon Aug 13, 2018 4:12 pm
Forum: Investing - Help with Personal Investments
Topic: Moving from Vanguard to Fidelity
Replies: 49
Views: 6004

Re: Moving from Vanguard to Fidelity

My insurance company is a mutual, meaning I am actually a shareholder. Yet I don't assume that this will result in better rates or customer service. If it did, then the mutuals would have swept the others from the field by now. If it makes you feel good to think, "I'm an owner so they have to look o...
by Earl Lemongrab
Mon Aug 13, 2018 4:09 pm
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 199
Views: 16386

Re: "Don't Obsess About Expense Ratios"

Remember that tracking error can be positive.
by Earl Lemongrab
Mon Aug 13, 2018 4:08 pm
Forum: Personal Consumer Issues
Topic: Using Uber Without A Cellular Data Connection
Replies: 18
Views: 1628

Re: Using Uber Without A Cellular Data Connection

I'll keep that in mind if I try again. Assuming I haven't gotten a phone by then. I don't need rides often.
by Earl Lemongrab
Mon Aug 13, 2018 4:07 pm
Forum: Investing - Help with Personal Investments
Topic: REIT placement... Why not a Roth? Why tax-deferred?
Replies: 25
Views: 1496

Re: REIT placement... Why not a Roth? Why tax-deferred?

livesoft wrote:
Mon Aug 13, 2018 3:43 pm
I was waiting for that question. No, because the dividends would not be qualified while I was waiting for the darn thing to lose money.
Excellent. You get a gold star this time.
by Earl Lemongrab
Mon Aug 13, 2018 3:31 pm
Forum: Investing - Help with Personal Investments
Topic: Moving from Vanguard to Fidelity
Replies: 49
Views: 6004

Re: Moving from Vanguard to Fidelity

Vanguard is client-owned which is the ideal model. It is not client-owned. It is owned by the funds. At Vanguard, there are no outside owners, and therefore, no conflicting loyalties. The company is owned by its funds, which in turn are owned by their shareholders—including you, if you're a Vanguar...
by Earl Lemongrab
Mon Aug 13, 2018 3:28 pm
Forum: Investing - Help with Personal Investments
Topic: REIT placement... Why not a Roth? Why tax-deferred?
Replies: 25
Views: 1496

Re: REIT placement... Why not a Roth? Why tax-deferred?

livesoft wrote:
Sun Aug 12, 2018 10:03 am
If I owned a REIT fund that was going to lose money, then I would want to own it in my tax-deferred accounts.
Wouldn't you want it in taxable?
by Earl Lemongrab
Mon Aug 13, 2018 3:25 pm
Forum: Investing - Help with Personal Investments
Topic: Best placement for Small Cap Value? Taxable, Roth or 403b7?
Replies: 20
Views: 1163

Re: Best placement for Small Cap Value? Taxable, Roth or 403b7?

My small cap value is a mix of IJS and VBR. Initially my Roth was pretty well taken up by REIT and there wasn't a SCV index fund in the 401(k). Later even the active fund was discontinued. So I bought SCV in taxable. As time went on, I used the Mega Backdoor Roth to really increase my Roth holdings,...
by Earl Lemongrab
Mon Aug 13, 2018 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: RMD's: take distributions vs selling
Replies: 34
Views: 2198

Re: RMD's: take distributions vs selling

I will just say that it is the rare case, indeed, that somebody is forced to "sell low" in an IRA for RMD reasons. In 2008, I was forced to sell low for RMD (which was used for expenses), to my chagrin. It was very unpleasant. You can look at my very long thread from back then https://www.boglehead...
by Earl Lemongrab
Mon Aug 13, 2018 2:58 pm
Forum: Investing - Help with Personal Investments
Topic: RMD's: take distributions vs selling
Replies: 34
Views: 2198

Re: RMD's: take distributions vs selling

ryman554 wrote:
Sun Aug 12, 2018 5:33 pm
Selling in IRA and buying in taxable is no net tax cost for gains or anything. (Ok, there are esoteric wash sale rules to worry about)
That can't result in a wash sale. You have to sell for a tax loss. The other way around can be a problem.
by Earl Lemongrab
Mon Aug 13, 2018 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: 61 Year old in need of advice
Replies: 12
Views: 941

Re: 61 Year old in need of advice

How does he get paid? 1099 as an independent contractor? Or does he work for a placement company that issues a W2. If truly independent he can and should have been making use of a solo 401(k). Before anything else, that question needs to be answered. No good advice can be issued, other than maybe do...
by Earl Lemongrab
Mon Aug 13, 2018 2:36 pm
Forum: Investing - Help with Personal Investments
Topic: Does Wash sale extension of holding period apply to gains?
Replies: 7
Views: 322

Re: Does Wash sale extension of holding period apply to gains?

Tax losses, even on shares held long-term, can be taken against ordinary income at 3k/year with carryover. There's really nothing equivalent for gains, so no need to include it in the law. As Livesoft was saying, the term is "substantially identical". I am of the belief that no funds from different ...
by Earl Lemongrab
Mon Aug 13, 2018 2:13 pm
Forum: Personal Consumer Issues
Topic: Using Uber Without A Cellular Data Connection
Replies: 18
Views: 1628

Re: Using Uber Without A Cellular Data Connection

You can order Uber from a computer if you have access to one. Can you? I tried that and it didn't work. They have a desktop app. You can get an account all set up with Google Voice, but when it came time to order a car it didn't work. I asked about it and received the following: Just to let you kno...
by Earl Lemongrab
Mon Aug 13, 2018 2:02 pm
Forum: Personal Consumer Issues
Topic: Uninsured Motorist coverage
Replies: 30
Views: 1668

Re: Uninsured Motorist coverage

I suspect most states that have required insurance also require proof at plate renewal. The problem, as noted, is that you only have to have it at the time. If cancelled or not renewed (some companies advertise month-to-month required minimum insurance *wink *wink). The state could have a mechanism ...
by Earl Lemongrab
Mon Aug 13, 2018 12:58 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1117
Views: 193623

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

michaeljc70 wrote:
Mon Aug 13, 2018 12:51 pm
Thanks, but TDA is where I am moving the account from. They gave me $1200 last year.
Well, I'd contact Merrill Edge and tell them you were looking at moving that kind of money and see. Remember that there are often more offer codes than are publicly advertised.
by Earl Lemongrab
Mon Aug 13, 2018 12:49 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1117
Views: 193623

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I was going to transfer my IRA to Etrade, but at the bottom of their terms it says not valid for retirement accounts. In looking around currently, it seems like Ally is the best option. I am looking to move an IRA in the 500k-1000k range. They are offering $1200. Is there any better option for my s...
by Earl Lemongrab
Mon Aug 13, 2018 12:39 pm
Forum: Investing - Help with Personal Investments
Topic: Moving from Vanguard to Fidelity
Replies: 49
Views: 6004

Re: Moving from Vanguard to Fidelity

cegibbs wrote:
Mon Aug 13, 2018 7:38 am
Vanguard is client-owned which is the ideal model.
It is not client-owned. It is owned by the funds.
by Earl Lemongrab
Mon Aug 13, 2018 10:58 am
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 199
Views: 16386

Re: "Don't Obsess About Expense Ratios"

He's so right. I'm almost afraid that this zero expense ratio thing might be a bait and switch. Can you give us a single example from the last 50 years of a brokerage who has engaged in bait and switch by lowering ERs only to later increase them? Fidelity, specifically with the Fidelity Spartan Mon...
by Earl Lemongrab
Mon Aug 13, 2018 10:55 am
Forum: Investing - Help with Personal Investments
Topic: Roth IRA max salary
Replies: 9
Views: 1280

Re: Roth IRA max salary

I have money in a taxed Vanguard account I invested last year. My goal is to roll this money into the 2 Roths we have each year. This is a confusing statement. You can't roll a taxable account into an IRA. If you mean that you plan to sell the assets to fund the Roths, that's probably not a great i...
by Earl Lemongrab
Sun Aug 12, 2018 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: Beating $55K annual 401K limit?
Replies: 7
Views: 1911

Re: Beating $55K annual 401K limit?

If you're lucky, your employer will be like Megacorp. They not only allowed after-tax by itself, but matched the contributions just as they would with pretax and Roth. Of course, you want in-service distribution or Roth conversion of the after-tax available. It's good that your new plan doesn't make...
by Earl Lemongrab
Sun Aug 12, 2018 3:34 pm
Forum: Investing - Theory, News & General
Topic: New York Times--Vanguard Warns of Worsening Odds for the Economy and Markets
Replies: 63
Views: 8531

Re: New York Times--Vanguard Warns of Worsening Odds for the Economy and Markets

Why would I think that Vanguard has any valuable insight into market movements years in the future? What sort of resources have they invested in researching the issue? If a lot, I wonder why they would spend the money. If not much, then what is the information worth?
by Earl Lemongrab
Sun Aug 12, 2018 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Is your monthly expense really that stable or in reality, pretty volatile?
Replies: 46
Views: 3021

Re: Is your monthly expense really that stable or in reality, pretty volatile?

... If you read a story someone else wrote, and I make one up, then yeah. I don't think we have the same story, if you need a plan to control your spending and I don't . Thank you, Earl Lemongrab, for making my point for me. Just like my elderly relative who barely gets by anti-budget people imply ...
by Earl Lemongrab
Sun Aug 12, 2018 3:01 pm
Forum: Investing - Theory, News & General
Topic: Switching broker, how to track cost basis for hundreds of small lots
Replies: 2
Views: 392

Re: Switching broker, how to track cost basis for hundreds of small lots

As Livesoft says, basis generally comes over as part of ACATS. It will often lag by several days. However, you should record all of the information. Go to Gainskeeper (My Account->Gain/Loss) at TDA, and look at the Unrealized Gain/Loss. There will be a table with all your holdings and basis informat...
by Earl Lemongrab
Sun Aug 12, 2018 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Is your monthly expense really that stable or in reality, pretty volatile?
Replies: 46
Views: 3021

Re: Is your monthly expense really that stable or in reality, pretty volatile?

... Budgets are for those that need them. It's a tool. In the right circumstances, you should have one. Others have no need. I don't need to control spending with a budget because I have "internal" control over it through innate frugality. Every purchase I make has been carefully considered, either...
by Earl Lemongrab
Sun Aug 12, 2018 2:43 pm
Forum: Investing - Theory, News & General
Topic: Mutual Funds vs. ETF's
Replies: 22
Views: 1120

Re: Mutual Funds vs. ETF's

Really the main way to get fractional shares with ETFs is through reinvesting distributions. I don't do that. For one thing, I don't want the fractionals because I move my assets around, and having the sale regardless of cost is annoying. But the main reason is that I direct new funds to lagging ass...
by Earl Lemongrab
Sun Aug 12, 2018 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Is your monthly expense really that stable or in reality, pretty volatile?
Replies: 46
Views: 3021

Re: Is your monthly expense really that stable or in reality, pretty volatile?

I think there's a meme , as originally defined, not an ironic picture with text on it, that budgeting is terrible and inflexible and nobody in the real world possibly can follow it. I have an elderly relative who for years has said budgets are for poor people . He barely scrapes by month to month. ...
by Earl Lemongrab
Sun Aug 12, 2018 2:15 pm
Forum: Investing - Help with Personal Investments
Topic: Does my rollover IRA count for pro-rata calculations?
Replies: 15
Views: 816

Re: Does my rollover IRA count for pro-rata calculations?

Also, rolling it back to an IRA would interfere with a Backdoor Roth again. Another option is to generate some self-employment income and adopt a one-participant 401k (not Vanguard) and rollover the IRA assets there. I like this idea. But why can't we just use the individual 401k at Vanguard? Their...
by Earl Lemongrab
Sun Aug 12, 2018 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: 401K loan vs taxable vs Roth IRA
Replies: 10
Views: 482

Re: 401K loan vs taxable vs Roth IRA

You're a perfect candidate for a 401(k) loan. You have the resources to pay it back if needed. Also, the new laws greatly extend the required payback period after job loss. As long as your plan isn't one of those the suspends contributions while you have a loan, then it's really a no-brainer to me. ...
by Earl Lemongrab
Sun Aug 12, 2018 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Is your monthly expense really that stable or in reality, pretty volatile?
Replies: 46
Views: 3021

Re: Is your monthly expense really that stable or in reality, pretty volatile?

There are scheduled, but infrequent, expenses. Insurance payments, property tax, that sort of thing. When I did my pre-retirement analysis, those were pro-rated over the year to get the rough monthly needs. Unforeseen emergency situations, like water heater replacement or auto repair, come up. That ...
by Earl Lemongrab
Sun Aug 12, 2018 12:53 pm
Forum: Personal Consumer Issues
Topic: How often do you check your brokerage accounts
Replies: 66
Views: 3771

Re: How often do you check your brokerage accounts

Once a month. I would not do it once or twice a year. Prompt detection and reporting is vital. I guarantee that if there's fraud and don't report it for six months, they won't be very happy with you.
by Earl Lemongrab
Sun Aug 12, 2018 12:43 pm
Forum: Personal Consumer Issues
Topic: Tipping lawn service and trash pickup
Replies: 17
Views: 1152

Re: Tipping lawn service and trash pickup

If lawn care is an individual with whom you have a relationship, maybe. If it's a service with multiple employees, no. I don't know how you go about tipping trash. We have three separate pickups, trash, recycling, and yard waste, with different people on the route. Often they come early in the morni...
by Earl Lemongrab
Sun Aug 12, 2018 12:32 pm
Forum: Forum Issues and Administration
Topic: Multi Quote
Replies: 5
Views: 391

Re: Multi Quote

If you do that, I hope you trim down the quotes. I hate where there's a big wall of quote and down at the bottom a one-line comment. Or worse, a "+1".
by Earl Lemongrab
Sat Aug 11, 2018 11:48 pm
Forum: Investing - Theory, News & General
Topic: The Bigger Story: Fidelity Expense Ratios
Replies: 83
Views: 7133

Re: The Bigger Story: Fidelity Expense Ratios

Vanguard is not-for-profit. If Fidelity, which is for-profit undercuts, there's likely something going on somewhere in terms of quality, security, or service that may not obvious on the surface. Just because a company is not trying to make a profit doesn't mean that they are guaranteed to have the ...
by Earl Lemongrab
Sat Aug 11, 2018 4:22 pm
Forum: Investing - Help with Personal Investments
Topic: Stable Income vs Bond Fund
Replies: 8
Views: 930

Re: Stable Income vs Bond Fund

I would not recommend trying to replicate an asset allocation in multiple accounts. It's complexity for no value. I don't mind complexity if I get something out it. Use the best accounts to implement the overall strategy. A 2% stable-value fund isn't great, but not terrible. Megacorp's is paying abo...
by Earl Lemongrab
Sat Aug 11, 2018 4:13 pm
Forum: Investing - Help with Personal Investments
Topic: Sell and use proceeds to buy another ETF in Vanguard?
Replies: 7
Views: 415

Re: Sell and use proceeds to buy another ETF in Vanguard?

You didn’t ask but just want to ensure you understand an exchange of mutual funds is a convenience but is no different really than a separate sell/buy. My main reason to bring this up is to ensure you know it’s still a potentially taxable event. Actually it is different. If you sold then bought a m...
by Earl Lemongrab
Sat Aug 11, 2018 4:05 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA max salary
Replies: 9
Views: 1280

Re: Roth IRA max salary

How long do you plan to work? If not long (and coming out of retirement I wouldn't think long) it doesn't matter much what the 401(k) costs are.
by Earl Lemongrab
Sat Aug 11, 2018 4:03 pm
Forum: Investing - Help with Personal Investments
Topic: Multiple tIRA accounts-- any reason to not consolidate?
Replies: 17
Views: 1181

Re: Multiple tIRA accounts-- any reason to not consolidate?

If you do consolidate, you should check into getting a transfer bonus. Of course, you'll likely do better with a completely different custodian. Depends on how much is in the accounts, of course.
by Earl Lemongrab
Sat Aug 11, 2018 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: Untangling a Trad IRA
Replies: 9
Views: 726

Re: Untangling a Trad IRA

NotWhoYouThink wrote:
Fri Aug 10, 2018 12:25 pm
You have to do the rollover first, because otherwise any conversion would have to be pro-rated.
That's not accurate. Pro-rata is based on the value of IRAs on 12/31.
by Earl Lemongrab
Sat Aug 11, 2018 3:56 pm
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 199
Views: 16386

Re: "Don't Obsess About Expense Ratios"

When Vanguard lowers its fee or ERs, it's because they're your buddy and looking out for you because they have your best interests at heart. If another company lowers theirs below Vanguard it's because they're trying to set a trap for you. Mwa-ha-ha. Companies trying to make a profit are inherently ...
by Earl Lemongrab
Sat Aug 11, 2018 3:49 pm
Forum: Investing - Help with Personal Investments
Topic: Untangling a Trad IRA
Replies: 9
Views: 726

Re: Untangling a Trad IRA

Thanks all for the advice. I will likely rollover after the first of the month (after interest is paid) leaving $5600. There might be a $95 transfer fee and not sure from which part it would be deducted so I'd rather err on the side of paying a little extra tax upon Roth conversion once the majorit...
by Earl Lemongrab
Sat Aug 11, 2018 3:48 pm
Forum: Investing - Help with Personal Investments
Topic: Untangling a Trad IRA
Replies: 9
Views: 726

Re: Untangling a Trad IRA

I don't think the order matters but you do have to make sure that you don't put any basis into the 401K. This can be tricky since the value in the TIRA may vary w/ market changes. Some suggest that you do the Roth conversion version first to be sure this conversion takes all of the basis into the R...
by Earl Lemongrab
Sat Aug 11, 2018 3:35 pm
Forum: Investing - Theory, News & General
Topic: Wash sale rules
Replies: 8
Views: 675

Re: Wash sale rules

Scenario 3: I bought 100 shares of XYZ 200 days ago and then bought another 100 shares of XYZ yesterday. If I sell the 100 shares I purchased 200 days ago today at a loss do i get to claim the loss on my taxes or is it considered a wash sale because I purchased 100 shares yesterday? BUT THEN, I sel...
by Earl Lemongrab
Sat Aug 11, 2018 3:32 pm
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 199
Views: 16386

Re: "Don't Obsess About Expense Ratios"

Finridge wrote:
Fri Aug 10, 2018 7:53 pm
UpperNwGuy wrote:
Mon Aug 06, 2018 6:47 pm
Can you give us a single example from the last 50 years of a brokerage who has engaged in bait and switch by lowering ERs only to later increase them?
Betterment
What Betterment mutual funds are there?
by Earl Lemongrab
Sat Aug 11, 2018 3:29 pm
Forum: Investing - Theory, News & General
Topic: The Bigger Story: Fidelity Expense Ratios
Replies: 83
Views: 7133

Re: The Bigger Story: Fidelity Expense Ratios

iceport wrote:
Sat Aug 11, 2018 1:45 pm
I'm amazed at how casually other folks can approach moving their funds around. Do you ever check to see if there was an unintended market-timing cost?
I use ETFs. I always move my assets in-kind. There is no market-timing.
by Earl Lemongrab
Sat Aug 11, 2018 3:28 pm
Forum: Investing - Theory, News & General
Topic: The Bigger Story: Fidelity Expense Ratios
Replies: 83
Views: 7133

Re: The Bigger Story: Fidelity Expense Ratios

Jeff Albertson wrote:
Fri Aug 10, 2018 6:41 pm
Any guarantees that Fidelity will continue these low fees in the future? I
Any guarantee Vanguard will continue their low fees?
by Earl Lemongrab
Sat Aug 11, 2018 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Should I accept a large cash gift from my mother?
Replies: 41
Views: 4647

Re: Should I accept a large cash gift from my mother?

Just to be clear, because the OP mentioned Medicare, it's Medicaid. That's state-sponsored charity. Some nice places have Medicaid accommodations. Some might even scale payment for indigent patients. However, you're cutting down the number of opportunities. If I ever have to go into assisted care, I...
by Earl Lemongrab
Sat Aug 11, 2018 12:45 pm
Forum: Personal Consumer Issues
Topic: Advice requested: making a HO claim for a roof/hail
Replies: 21
Views: 955

Re: Advice requested: making a HO claim for a roof/hail

My insurance agent told me that storm damage claims don't affect personal rates, but will for the area. If you have damage, and you don't at least have a roofer look at it, then you have the potential for a leak that causes other damage. The insurance company would then be VERY unhappy that you didn...
by Earl Lemongrab
Sat Aug 11, 2018 12:18 pm
Forum: Personal Consumer Issues
Topic: Car Donation
Replies: 12
Views: 906

Re: Car Donation

Regarding tax Deductions, from my understanding, if your car is worth > $500, you can only deduct what a charity gets for your car. Basically, unless the charity uses it. Sometimes with a good running vehicle they will give it or lend it to a family that needs transportation, or use themselves for ...