Search found 72713 matches

by livesoft
Sat Sep 19, 2020 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: EIN v. SSN for W-9 (Independent Contractor)
Replies: 3
Views: 249

Re: EIN v. SSN for W-9 (Independent Contractor)

Should be no problem. I have always given my SSN to clients, but I use my EIN with my solo 401(k). The two get linked for sure on Form 1040 Schedule C: https://www.irs.gov/pub/irs-pdf/f1040sc.pdf
by livesoft
Sat Sep 19, 2020 1:52 pm
Forum: Personal Investments
Topic: Losing Money with Index Funds
Replies: 109
Views: 6983

Re: Losing Money with Index Funds

Over the past decade, it seems like the consensus has shifted to "invest in 100% stocks until age X" where X is somewhere between 30 and 50. I don't like that. Think hard about what these guys are saying. Let me just state for the record that our portfolio is not 100% stocks and has a significant f...
by livesoft
Sat Sep 19, 2020 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: The WR in practice [Withdrawal Rate]
Replies: 28
Views: 1705

Re: The WR in practice [Withdrawal Rate]

tibbitts wrote: Sat Sep 19, 2020 1:37 pmNow that we know OP is a guy, he can be more confident in his plan than if he weren't.
I'm trying to figure that statement out. LOL! Maybe because life expectancy is different?

Some folks have getting married as a backup plan, but I don't think gender matters with marriage.
by livesoft
Sat Sep 19, 2020 1:38 pm
Forum: Personal Investments
Topic: Roth IRA funds - where to invest them
Replies: 11
Views: 709

Re: Roth IRA funds - where to invest them

Many people including myself do exactly what you are proposing, so jump right to it!
by livesoft
Sat Sep 19, 2020 1:34 pm
Forum: Investing - Theory, News & General
Topic: 529 account setup
Replies: 4
Views: 313

Re: 529 account setup

I like your scheme. I don't know how practical it is switching plans to another beneficiary as I have never done it. However, we had 529 plans with this scheme: One parent is custodian of 529 plans with only equities; the other parent is custodian of 529 plans with only fixed income. The plans are i...
by livesoft
Sat Sep 19, 2020 1:19 pm
Forum: Personal Investments
Topic: Losing Money with Index Funds
Replies: 109
Views: 6983

Re: Losing Money with Index Funds

Why would you cash out to enjoy your money? Instead, you would enjoy your money by selling assets every year and leaving the rest invested. If you wanted to, you could reduce the perceived risk of your portfolio by reducing the percentage allocated to equities. But going 100% cash? That leaves you o...
by livesoft
Sat Sep 19, 2020 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house before a potential corporate restructure - good or bad?
Replies: 17
Views: 937

Re: Buying a house before a potential corporate restructure - good or bad?

A friend of mine told me how he had to lay off dozens of people hired to work in a new location just after they had moved there and bought homes. The folks he fired had worked less than a month in the new place. The employer is a huge corporation and a household name.
by livesoft
Sat Sep 19, 2020 12:23 pm
Forum: Personal Investments
Topic: Losing Money with Index Funds
Replies: 109
Views: 6983

Re: Losing Money with Index Funds

So let's say they reinvested early March 2020, and let's say in 2024 the economy recovers, and they have a $3 million(maybe enough for retirement to them) will they be in a good situation if they decide to cash out ALL of their investments?? I guess I want to know what does everyone here think will...
by livesoft
Sat Sep 19, 2020 12:01 pm
Forum: Personal Investments
Topic: Losing Money with Index Funds
Replies: 109
Views: 6983

Re: Losing Money with Index Funds

What if BEFORE 2008, they sell their shares or cash out, and after the economy recovers, they reinvest all that money again, will they be in a better situation?? Clearly, hindsight is wonderful and I can claim that my hindsight is better than 20/20. But instead of reinvesting "after the economy rec...
by livesoft
Sat Sep 19, 2020 11:57 am
Forum: Personal Investments
Topic: Voyager vs Voyager Select and 4% Rule
Replies: 10
Views: 1092

Re: Voyager vs Voyager Select and 4% Rule

Thank you, I have made a correction in red to my earlier response. :happy
by livesoft
Sat Sep 19, 2020 10:27 am
Forum: Personal Consumer Issues
Topic: Best strength training app/program for runners
Replies: 4
Views: 328

Re: Best strength training app/program for runners

Don't know about "best" as everyone is different, but this is a general all-around set of exercises that I use to mix things up:
https://www.nytimes.com/guides/well/str ... lyometrics with links to others
by livesoft
Sat Sep 19, 2020 10:22 am
Forum: Investing - Theory, News & General
Topic: Questions to ask a prospective financial advisor
Replies: 112
Views: 4538

Re: Questions to ask a prospective financial advisor

Perhaps a question to ask at the outset is:

When I am ready to ditch you, how would you like to be told?

just to get that out of the way and not have some of the other threads we see from time to time. :mrgreen:
by livesoft
Sat Sep 19, 2020 10:18 am
Forum: Personal Investments
Topic: Losing Money with Index Funds
Replies: 109
Views: 6983

Re: Losing Money with Index Funds

dratkinson wrote: Sat Sep 19, 2020 10:13 amPutting appropriate bonds in taxable allows you to skew retirement plans to equities for increased untaxed growth.
But that is at the expense of putting appropriate equity funds in taxable that allows you to skew your overall portfolio for increased untaxed growth. :twisted:
by livesoft
Sat Sep 19, 2020 10:14 am
Forum: Investing - Theory, News & General
Topic: REITS no longer cheap
Replies: 101
Views: 16689

Re: REITS no longer cheap

Short worthy?
by livesoft
Sat Sep 19, 2020 9:04 am
Forum: Personal Investments
Topic: Strategies for scenarios when using taxable with no EF
Replies: 20
Views: 1182

Re: Strategies for scenarios when using taxable with no EF

If I am not mistaken, your spouse is still working at the moment. You are not mistaken. The OP is a one-earner family, but different from us in that our children are all out of college and gainfully employed, so I think at the moment we have the lowest expenses (adjusted for inflation) that our fam...
by livesoft
Sat Sep 19, 2020 8:55 am
Forum: Personal Investments
Topic: Strategies for scenarios when using taxable with no EF
Replies: 20
Views: 1182

Re: Strategies for scenarios when using taxable with no EF

MathIsMyWayr wrote: Sat Sep 19, 2020 8:50 am Interesting that KlangFool and livesoft have such quite opposite views on EF/taxable accounts for drawing (large) expenses from. ....
For myself, I am retired, not working, and not looking for a job. My expenses are moderate such that many folks would say they are low.
by livesoft
Sat Sep 19, 2020 8:51 am
Forum: Personal Investments
Topic: Portfolio Critique - mid 60s
Replies: 8
Views: 807

Re: Portfolio Critique - mid 60s

I found it extremely interesting that you have 6 nearly identical ETFs in your taxable account in nearly identical dollar amounts. It would take a conscious effort to make that happen. It would be nearly impossible for that to happen as a result of tax-loss harvesting, too. Can you please shed some ...
by livesoft
Sat Sep 19, 2020 8:39 am
Forum: Personal Investments
Topic: Losing Money with Index Funds
Replies: 109
Views: 6983

Re: Losing Money with Index Funds

I am curious, what was the biggest amount of money you ever lost with investing in index funds? And how did you get through it? :shock: In March 2020, our portfolio dropped 7-figures. We got through it by rebalancing and thus the portfolio gained back 7-figures and more since. BTW, I am sure someth...
by livesoft
Sat Sep 19, 2020 8:35 am
Forum: Personal Investments
Topic: Voyager vs Voyager Select and 4% Rule
Replies: 10
Views: 1092

Re: Voyager vs Voyager Select and 4% Rule

We are Voyager Select. There are zero benefits to Voyager, Voyager Select, and other stupid names at Vanguard. If you are Rowboat status you will get the same treatment [if you elect to have e-delivery of all statements and junk mail from Vanguard (see nisiprius's comment below)].
by livesoft
Sat Sep 19, 2020 8:33 am
Forum: Personal Consumer Issues
Topic: Getting rid of silverfish
Replies: 14
Views: 1467

Re: Getting rid of silverfish

My go-to for most bug control is diatomaceious earth lightly dusted around floorboards, edges, crevices, back of cabinets... Also boric powder lightly dusted works, too. Sometimes call roach powder. Around the edges of carpets, etc. Silverfish will eat paper, glue found in books, wallpaper, old doc...
by livesoft
Fri Sep 18, 2020 9:05 pm
Forum: Personal Investments
Topic: Is retirement in 2 years possible?
Replies: 29
Views: 3237

Re: Is retirement in 2 years possible?

It seems that when you stop working is when your income tax rate will go to 0%. If not, why not?

Also, I am going to guess that your portfolio gained about million dollars since March 23. Is that right?
by livesoft
Fri Sep 18, 2020 8:36 pm
Forum: Personal Investments
Topic: TIAA Real Estate Movement
Replies: 80
Views: 6250

Re: TIAA Real Estate Movement

Not planning to buy back.
by livesoft
Fri Sep 18, 2020 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: Requesting Expenses and Financial Status Checkup
Replies: 8
Views: 577

Re: Requesting Expenses and Financial Status Checkup

I don't mind be the first to comment on the $1000 food bill. My family of 3 (including millennial 200+ pound male athlete) gets takeout maybe 3 times a week since restaurants are not the place to go nowadays. That gives us quite a lot of leftovers, so covers many meals. I am just wondering if you ar...
by livesoft
Fri Sep 18, 2020 6:31 pm
Forum: Personal Investments
Topic: Strategies for scenarios when using taxable with no EF
Replies: 20
Views: 1182

Re: Strategies for scenarios when using taxable with no EF

Do you keep 1-2 months expenses and then invest everything else in taxable? No. We have about 2 weeks of expenses in our checking account. Most expenses are charged to a credit card or two. Is there a strategy or anything more efficient when selling from taxable beyond selling shares with LTCG befo...
by livesoft
Fri Sep 18, 2020 4:31 pm
Forum: Investing - Theory, News & General
Topic: what % of stocks in SP500 returns better than index?
Replies: 27
Views: 2425

Re: what % of stocks in SP500 returns better than index?

On average 50% of the stocks perform better than the index and the other 50% perform worse. Problem is there's no way to know ahead of time who will outperform :twisted: Are you sure? Your statement doesn't make sense, does it? You have heard something like this before: If you put Bill Gates and Wa...
by livesoft
Fri Sep 18, 2020 2:57 pm
Forum: Personal Consumer Issues
Topic: Toddler Education
Replies: 24
Views: 1297

Re: Toddler Education

OK, change "3 hour" to "3 minutes" or "30 minutes" or "1 hour" or something! Just get outside and do something every day.

And sunset is no excuse. Get headlamps and use them. Some animals are easier to find in the dark because their eyes shine back at you and also they are more active at night.
by livesoft
Fri Sep 18, 2020 2:55 pm
Forum: Personal Investments
Topic: Reinvesting One Fund's Dividends into Another Fund
Replies: 1
Views: 218

Re: Reinvesting One Fund's Dividends into Another Fund

No, it would not change the way dividends are treated for tax purposes and would not change the 1099-DIV that you would get.
by livesoft
Fri Sep 18, 2020 1:36 pm
Forum: Personal Consumer Issues
Topic: Pretending to enjoy sports for business/social reasons
Replies: 83
Views: 4615

Re: Pretending to enjoy sports for business/social reasons

I am not a closet sport hater, but i don't keep track of any of the local teams nor other sports goings on around the world. I think it has benefits because that lets others tell me about their teams, their fantasy football players, and their work which can involve sports. All I have to do is listen...
by livesoft
Fri Sep 18, 2020 1:09 pm
Forum: Personal Investments
Topic: Vanguard Total Stock Market Style box
Replies: 10
Views: 978

Re: Vanguard Total Stock Market Style box

Not that I know of, but let me ask why it would matter. Basically, I think VTI gets divided up by percentiles anyways, so I think it should not change its style box. Instead the style box boundaries change to match the contents of the total stock market index fund. If one has noticed changes, then t...
by livesoft
Fri Sep 18, 2020 11:52 am
Forum: Personal Consumer Issues
Topic: Toddler Education
Replies: 24
Views: 1297

Re: Toddler Education

How about a 3 hour free-form walk-in-the-woods every day? You can talk about all the plants, insects, snakes, lizards, frogs, tadpoles, fish, turtles, rabbits, squirrels, birds, and other animals that you come across. Plus the rocks, stones, dirt, trash that you find tells a story, too.
by livesoft
Fri Sep 18, 2020 10:24 am
Forum: Personal Investments
Topic: Moving Roth IRA from TIAA to Vanguard
Replies: 9
Views: 490

Re: Moving Roth IRA from TIAA to Vanguard

Vanguard will not be able to accept the TIAA Traditional Annuity paying 3% nor the TIAA Real Estate Account. You will need to decide if these are investments that you want to keep and if you want to keep adding to them.
by livesoft
Fri Sep 18, 2020 9:59 am
Forum: Personal Investments
Topic: College Savings or “Other” Strategy
Replies: 16
Views: 936

Re: College Savings or “Other” Strategy

Since you are in the 35% marginal income tax bracket and have huge assets, your children will not be getting any financial aid. 529 plans are designed exactly for wealthy people with your situation. Start using 529 plans for each of your children now. If your income stays high, then you will not be ...
by livesoft
Thu Sep 17, 2020 1:54 pm
Forum: Personal Consumer Issues
Topic: Another Digital Piano Thread
Replies: 15
Views: 965

Re: Another Digital Piano Thread

My spouse bought a Yamaha CLP-645. Yamaha does go on sale. Costco sometimes has a sale, too. I will say that her time invested in the hunt for the instrument took longer than all the minutes that she has played it in the past year.

So now we have two pianos in the house that don't get played.
by livesoft
Thu Sep 17, 2020 1:26 pm
Forum: Personal Investments
Topic: Received Inheritance After Retirement
Replies: 10
Views: 1531

Re: Received Inheritance After Retirement

Some of your inheritance may be in the form of inherited IRAs, so you will need to understand the rules with those. Some of your inheritance may be in the form of cash, stocks, mutual funds in a so-called taxable account. Such money can just be invested into your asset allocation in a tax-efficient ...
by livesoft
Thu Sep 17, 2020 1:12 pm
Forum: Investing - Theory, News & General
Topic: Asset Allocation Across Accounts- Age and Taxable vs Non-Taxable
Replies: 20
Views: 979

Re: Asset Allocation Across Accounts- Age and Taxable vs Non-Taxable

This is discussed quite a bit, so you must've missed some of the posts and threads. I don't do asset allocation like you perhaps because my income is not as high as yours and I am happy to hardly pay any income taxes. I have no bonds in taxable. I have tax-efficient equity funds in taxable. For your...
by livesoft
Thu Sep 17, 2020 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: What one Book to read about personal finance?
Replies: 40
Views: 2406

Re: What one Book to read about personal finance?

Lots of investing books, but not personal finance books have been mentioned. I think a big tome which can be used a reference and read "just in time" when needed might be better: Jane Bryant Quinn: Making the Most of Your Money Now A problem is that if it cannot be seen and used on a smart phone, th...
by livesoft
Thu Sep 17, 2020 12:22 pm
Forum: Personal Consumer Issues
Topic: Inbound International Package STUCK @ USPS
Replies: 4
Views: 303

Re: Inbound International Package STUCK @ USPS

We moved from Europe to the US. My company paid for the move, so we had our entire household goods in a shipping container. We saw that it arrived in US customs in the port of Baltimore, then disappeared. We lost all our shipped possessions. We collected the insurance. Things happen.
by livesoft
Thu Sep 17, 2020 12:03 pm
Forum: Personal Consumer Issues
Topic: Any experience with artificial turf?
Replies: 13
Views: 563

Re: Any experience with artificial turf?

The rest of the yard is nicely landscaped with native plants so it does well. In that case artificial turf would look even more incongruent. Perhaps if you put a golf hole cup in it and a flag that would make fake turf look better? Our neighbors have such a golf green in their back yard. Or go all ...
by livesoft
Thu Sep 17, 2020 10:42 am
Forum: Investing - Theory, News & General
Topic: what percent of retirement should be invested in tax deferred vs tax free accounts?
Replies: 39
Views: 3074

Re: what percent of retirement should be invested in tax deferred vs tax free accounts?

There is no definitive answer to "should be invested." The way tax laws are nowadays, it does look like even folks in low tax brackets could benefit from tax-deferred accounts and not everyone needs to do Roth accounts. There are two reasons for this: (a) One may not be in a low tax bracket unless t...
by livesoft
Thu Sep 17, 2020 10:23 am
Forum: Personal Investments
Topic: Where to start - advising my DS #2
Replies: 28
Views: 1891

Re: Where to start - advising my DS #2

... You can always convert them to ETFs in the future without a fee of you so desire. This is not completely true in the strict sense. Most Vanguard mutual funds do not have ETF equivalents. But yes, some of the Vanguard index mutual funds can be converted to ETFs without a sell and subsequent buy,...
by livesoft
Thu Sep 17, 2020 10:18 am
Forum: Personal Investments
Topic: Record date vs. Reinvest ex-dividend date?
Replies: 14
Views: 489

Re: Record date vs. Reinvest ex-dividend date?

This is of course true. However, see the column headings on Vanguard's distribution schedule https://personal.vanguard.com/pdf/DIVDAT_092020.pdf Vanguard does a disservice to its clients by publishing stuff like that. The column heading is really "reinvest date for mutual funds" and "ex-dividend da...
by livesoft
Thu Sep 17, 2020 10:10 am
Forum: Personal Investments
Topic: Record date vs. Reinvest ex-dividend date?
Replies: 14
Views: 489

Re: Record date vs. Reinvest ex-dividend date?

Hypothetical: Let’s say a fund closes at $100 a share on the Record date, but $99 on the Reinvest ex-dividend date. My question is only: Which, out of those two numbers on the two different dates, will my dividends buy/be reinvested at? The record date, or the reinvest ex-div date? That’s where I’m...
by livesoft
Thu Sep 17, 2020 9:57 am
Forum: Personal Investments
Topic: Investing with goal of early retirement, help?
Replies: 22
Views: 1243

Re: Investing with goal of early retirement, help?

To clarify, if you are 50 years old and you have a fund set aside just for the next 10 years and have a 100% chance of expense coverage, you'd go 100% equity on that portion? Or are you saying you should just combine buckets 1 and 2? If it is the former, good luck to you my friend! Yes, I would go ...
by livesoft
Thu Sep 17, 2020 8:51 am
Forum: Personal Investments
Topic: Investing with goal of early retirement, help?
Replies: 22
Views: 1243

Re: Investing with goal of early retirement, help?

You may want to read the response again. This is the bridge fund (part 2), only. So if you are 50 and this bridge fund needs to last between 50-59, you want it mostly in bonds. You mis-interpreted what I wrote. I am disagreeing completely with you. That is, I already know you disagree with me. The ...
by livesoft
Thu Sep 17, 2020 8:50 am
Forum: Personal Investments
Topic: VG stock all in one?
Replies: 6
Views: 629

Re: VG stock all in one?

Yes, there is: VT.
by livesoft
Thu Sep 17, 2020 8:27 am
Forum: Personal Investments
Topic: Investing with goal of early retirement, help?
Replies: 22
Views: 1243

Re: Investing with goal of early retirement, help?

...Your AA would likely be mostly bonds. That may work for someone who can save a ton of money, but I would not have stopped full-time work at age 50 if my taxable account or overall portfolio had an AA of "mostly bonds." Our taxable account was 100% equities and still is more than 12 years later. ...
by livesoft
Thu Sep 17, 2020 7:44 am
Forum: Personal Investments
Topic: Investing with goal of early retirement, help?
Replies: 22
Views: 1243

Re: Investing with goal of early retirement, help?

Is there a way to help determine how much I will need in the years 45 - 59.5? I keep thinking I will need 2 million if I want to retire by 45. Not with enough confidence because there are too many unknowns. There is one simple answer: Save/invest 50% to 60% of your current gross income and then see...
by livesoft
Thu Sep 17, 2020 7:42 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20070
Views: 2745345

Re: U.S. stocks in free fall

TheTimeLord wrote: Thu Sep 17, 2020 7:34 am So anyone going to be buying at the open?
Maybe if the market drops 5% or so. Doesn't look like that is going to happen.
by livesoft
Thu Sep 17, 2020 7:07 am
Forum: Personal Investments
Topic: Investing with goal of early retirement, help?
Replies: 22
Views: 1243

Re: Investing with goal of early retirement, help?

One can retire early by 1. Reducing expenses and 2. Saving and investing a lot of money -or- 3. Getting a lot of money from some place else. Perhaps that reads a bit tritely, but the before-age-55/59.5 thing is simple: Save/invest enough money in your retirement plans that are taxed advantaged and A...
by livesoft
Wed Sep 16, 2020 7:09 pm
Forum: Personal Investments
Topic: Throwing In The Towel on Portfolio Management
Replies: 50
Views: 5608

Re: Throwing In The Towel on Portfolio Management

We own a Fidelity Freedom Index fund and a Vanguard LifeStrategy Moderate Growth fund, so your plan sounds great to me. The main issue is taxes. You may wish to simply stop managing your taxable account and let it carry on as if you were dead. Speaking of taxes, how do those two fund-of-funds fit i...