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by Earl Lemongrab
Wed Aug 15, 2018 12:01 am
Forum: Investing - Help with Personal Investments
Topic: More cash instead of bonds
Replies: 14
Views: 1275

Re: More cash instead of bonds

For those replies from people owning FSITX, I know what the current yield is, but actual return YTD is -1.24%. Yield seems to have been completely overtaken by actual performance. I'm not sure how to justify owning this instead of 1-year T-Bills, for example. But that's already happened. It tells y...
by Earl Lemongrab
Tue Aug 14, 2018 11:53 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1121
Views: 193958

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

NoHeat wrote:
Tue Aug 14, 2018 8:20 pm
Afterwards, my thought was that the one-time earnings of 0.25%
This is the wrong way to think of it. It's not earnings on your assets, it's reward for the effort you put in. How long did spend doing it? Hour maybe? Pretty good hourly rate.
by Earl Lemongrab
Tue Aug 14, 2018 11:50 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA max salary
Replies: 13
Views: 1810

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
Tue Aug 14, 2018 2:55 pm
Forum: Investing - Help with Personal Investments
Topic: More cash instead of bonds
Replies: 14
Views: 1275

Re: More cash instead of bonds

When I set up my portfolio in 2007, I decided on 50/50 bond index fund and stable value. I don't see any reason to change. A core principle of my IPS is that I have no talent for timing markets. That includes bonds.
by Earl Lemongrab
Tue Aug 14, 2018 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: Moving rollover IRA to 401k- timing and lost returns.
Replies: 6
Views: 299

Re: Moving rollover IRA to 401k- timing and lost returns.

How much is in fixed-income currently in the 401(k)? One way to minimize is to sell the funds in the IRA and at the same time reallocate the 401(k) to have more stocks. In essence the stocks you sell in the IRA become part of your fixed income. When thr rollover is complete, rebalance to plan in the...
by Earl Lemongrab
Tue Aug 14, 2018 2:03 pm
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 209
Views: 17292

Re: "Don't Obsess About Expense Ratios"

Just found this thread and read all 200 posts quickly but I completely concur with rkhusky. Yes, 4 bp is $400 annually on $1m but if you have that much or more, you know that you do not care about such a small amount. That is not correct. I have twice that, but $400 still means a lot to me. That di...
by Earl Lemongrab
Tue Aug 14, 2018 1:58 pm
Forum: Investing - Help with Personal Investments
Topic: VTI vs VTSMX
Replies: 10
Views: 734

Re: VTI vs VTSMX

I use ETFs (although not that one) because I want the lowest cost and the ability to hold my assets anywhere I want. Admiral shares are generally not available for purchase at other custodians, although sometimes you can transfer and possibly reinvest elsewhere.
by Earl Lemongrab
Tue Aug 14, 2018 1:27 pm
Forum: Personal Consumer Issues
Topic: Should I be worried about potential identity theft? Bizarre email/name mix up?
Replies: 16
Views: 787

Re: Should I be worried about potential identity theft? Bizarre email/name mix up?

When you get email receipts, very often it's by reciting your email address to the cashier. If either makes a mistake, then the wrong address gets the receipt. There's a guy with a comic strip comment site, who talks about "Idiot Bill Bickel". That's another guy with the same name who keep using the...
by Earl Lemongrab
Tue Aug 14, 2018 1:03 pm
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 209
Views: 17292

Re: "Don't Obsess About Expense Ratios"

Just found this thread and read all 200 posts quickly but I completely concur with rkhusky. Yes, 4 bp is $400 annually on $1m but if you have that much or more, you know that you do not care about such a small amount. That is not correct. I have twice that, but $400 still means a lot to me. That di...
by Earl Lemongrab
Tue Aug 14, 2018 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA max salary
Replies: 13
Views: 1810

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
Tue Aug 14, 2018 12:55 pm
Forum: Investing - Help with Personal Investments
Topic: 61 Year old in need of advice
Replies: 14
Views: 1396

Re: 61 Year old in need of advice

He gets pain via 1099 as independent contractor... Not sure how or where he got that right I do know that he refinanced his home last year not sure with who. So do you think the solo 401K is still an option? Hopefully not too much pain :) Certainly a 401(k) is a possibility. However, the arrangemen...
by Earl Lemongrab
Tue Aug 14, 2018 12:49 pm
Forum: Personal Consumer Issues
Topic: What's the reason you would buy reading glasses at...
Replies: 42
Views: 2223

Re: What's the reason you would buy reading glasses at...

Small type is becoming tough for me. I don't bother with readers or bifocals though. For the computer, I take off my regular glasses and increase the font size in browsers. Similarly for e-books on the iPad I can set the font where I need it. Now, oddly to me, browsers like Firefox on the iPad don't...
by Earl Lemongrab
Tue Aug 14, 2018 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: RMD's: take distributions vs selling
Replies: 35
Views: 2341

Re: RMD's: take distributions vs selling

You won't let this go, will ya. I won't either then. It obviously is important to you to understand. I told you like it was. No, in 2008, I couldn't arrange selling bonds in those IRAs.. I didn't have any bond funds there to sell as I wrote, only balanced funds from which I was taking out for expen...
by Earl Lemongrab
Tue Aug 14, 2018 12:10 am
Forum: Investing - Help with Personal Investments
Topic: RMD's: take distributions vs selling
Replies: 35
Views: 2341

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: 35
Views: 2341

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: 35
Views: 2341

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: 6085

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: 209
Views: 17292

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: 24
Views: 2135

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: 1516

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: 6085

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: 1516

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: 21
Views: 1263

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: 35
Views: 2341

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: 35
Views: 2341

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: 14
Views: 1396

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: 6
Views: 331

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: 24
Views: 2135

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: 1686

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: 1121
Views: 193958

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: 1121
Views: 193958

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: 6085

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: 209
Views: 17292

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: 13
Views: 1810

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: 1920

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: 66
Views: 8964

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: 3063

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: 394

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: 3063

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: 1126

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: 3063

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: 817

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: 489

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: 3063

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: 67
Views: 3878

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: 1157

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: 416

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: 90
Views: 7640

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: 941

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: 417

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...