Search found 56264 matches

by livesoft
Tue Nov 21, 2017 12:29 am
Forum: Investing - Help with Personal Investments
Topic: Do I need a cash reserve
Replies: 7
Views: 509

Re: Do I need a cash reserve

You don't need a cash reserve. Period.

See also: https://earlyretirementnow.com/2017/03/ ... h-cushion/

I predict that you will keep hearing conflicting things about a cash reserve.
by livesoft
Mon Nov 20, 2017 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: Help w/ NY state tax return and attachments
Replies: 3
Views: 239

Re: Help w/ NY state tax return and attachments

Thanks for all the responses. HRBlock tax software would not allow e-filing because of the Attachment for Line 18. I think there will always be at least 2 adjustments for Line 18: The actual 401(k) contribution and half the SS and medicare taxes, thus HRBlock puts "See Attachment" in the space and c...
by livesoft
Mon Nov 20, 2017 11:17 pm
Forum: Investing - Help with Personal Investments
Topic: Slice and Dice
Replies: 6
Views: 203

Re: Slice and Dice

Some years it adds a lot and some years it doesn't. There is no way to predict the future. As for managing lots of funds, I will say that you can have lots of funds and not manage them at all, so I am not sure what you mean by managing. That is, just because you own shares in a fund it does not mean...
by livesoft
Mon Nov 20, 2017 11:05 pm
Forum: Investing - Help with Personal Investments
Topic: Add international value?
Replies: 4
Views: 211

Re: Add international value?

For your reading pleasure: Simplified Merriman, less funds, same or better performance: https://www.bogleheads.org/forum/viewtopic.php?t=38374 I don't own any international value except DGS and have done fine without it. If you like symmetry (and who doesn't?), then why not 4 funds equally weighted?
by livesoft
Mon Nov 20, 2017 10:33 pm
Forum: Investing - Help with Personal Investments
Topic: Post for Livesoft
Replies: 27
Views: 2823

Re: Post for Livesoft

Wow that is an impressive feat with the small-cap fund! I am 100% equity, with 20% US SCV (VIOV), so not as well setup for such a maneuver. I don't think it was so impressive. Your VIOV has a 3-month performance of 12.7%. So you just needed to buy shares 3 months ago. :twisted: For some performance...
by livesoft
Mon Nov 20, 2017 10:28 pm
Forum: Investing - Help with Personal Investments
Topic: Post for Livesoft
Replies: 27
Views: 2823

Re: Post for Livesoft

I would start with Why Smart People Make Big Money Mistakes and How to Correct Them by Gilovich and Belsky.
by livesoft
Mon Nov 20, 2017 10:14 pm
Forum: Investing - Help with Personal Investments
Topic: Post for Livesoft
Replies: 27
Views: 2823

Re: Post for Livesoft

Yes, but I did write "Other than that ...." I have also noticed that folks do not rebalance when I would and do.
by livesoft
Mon Nov 20, 2017 9:30 pm
Forum: Investing - Help with Personal Investments
Topic: Post for Livesoft
Replies: 27
Views: 2823

Re: Post for Livesoft

staythecourse wrote:
Mon Nov 20, 2017 8:38 pm
Or more importantly does it even make a difference to read the books.
I agree with the above statement. For many people, it will make no difference to read the books.
by livesoft
Mon Nov 20, 2017 8:35 pm
Forum: Investing - Help with Personal Investments
Topic: Post for Livesoft
Replies: 27
Views: 2823

Re: Post for Livesoft

Wow. That's absolutely amazing. It is kind of amazing --- especially when I stated that I make only a few more transactions than a lot of other people. But I will say that I tend not to make small dollar-amount trades anymore because such small amounts won't have a significant change to my portfoli...
by livesoft
Mon Nov 20, 2017 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block Software
Replies: 41
Views: 3823

Re: H&R Block Software

I prefer HRBlock because I've used it the past 2 years and before that TurboTax, so I have some experience with both. I can get HRBlock essentially for free after rebate/bonus, so that's why I use it.
by livesoft
Mon Nov 20, 2017 8:00 pm
Forum: Investing - Help with Personal Investments
Topic: Post for Livesoft
Replies: 27
Views: 2823

Re: Post for Livesoft

Why do you choose to manually reinvest dividends rather than automatic? Just curious. 1. In taxable, I usually spend the dividends nowadays. 2. In tax-advantaged, I use dividends for rebalancing purposes. 3. Not all of our dividends are manually invested. In some accounts, the dividends are automat...
by livesoft
Mon Nov 20, 2017 7:30 pm
Forum: Investing - Help with Personal Investments
Topic: Post for Livesoft
Replies: 27
Views: 2823

Re: Post for Livesoft

I am happy to report my turnover number. I keep what I think are excellent records, so the number is easy to find. So for 2017, if my portfolio value at the beginning was $X, so far I have 70.0% of $X in buys and 69.6% of sells. I have not had to do any tax-loss harvesting in 2017 at all. For 2016, ...
by livesoft
Mon Nov 20, 2017 6:55 pm
Forum: Investing - Help with Personal Investments
Topic: Post for Livesoft
Replies: 27
Views: 2823

Re: Post for Livesoft

No, it doesn't.

To see something sticky-worthy, see Robert T's post.
by livesoft
Mon Nov 20, 2017 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: Do I have to report a thank-you dinner as income to the IRS?
Replies: 14
Views: 1707

Re: Do I have to report a thank-you dinner as income to the IRS?

I was teaching a few weeks ago at a foreign university. I was taken out many times to very nice restaurants for fabulous dinners that I didn't have to pay for. I am sure somebody put them on their expense account. I gained 10 lbs in less than a week. I am not going to pay taxes on my weight gain.
by livesoft
Mon Nov 20, 2017 5:54 pm
Forum: Investing - Help with Personal Investments
Topic: Post for Livesoft
Replies: 27
Views: 2823

Re: Post for Livesoft

General guidance: I would suggest that you become a student of behavioral finance and read all the books by folks like Gilovich & Belsky, Kahneman, Ariely, Zweig, Thaler, Swedroe, and others. I contend that most people have problems when it comes to investing unemotionally. Indeed, I think the trans...
by livesoft
Mon Nov 20, 2017 5:47 pm
Forum: Investing - Help with Personal Investments
Topic: Post for Livesoft
Replies: 27
Views: 2823

Re: Post for Livesoft

Working and pulling the plug: I wanted to reach financial independence from an early age. I may be the original Mr Money Mustache :) I told my friends that I wanted to retire early. I had a plan. But I had a great career doing something that I loved to do. I would have worked for free (but don't tel...
by livesoft
Mon Nov 20, 2017 5:34 pm
Forum: Investing - Help with Personal Investments
Topic: Post for Livesoft
Replies: 27
Views: 2823

Re: Post for Livesoft

Actual investments I have listed many times before. Large-cap US: VTI, VV, VLCAX, VFIAX Small-cap US: VBR, IJS Large-cap foreign: VEA, VEU, but in 2015 we owned VTIAX in order to create this thread: https://www.bogleheads.org/forum/viewtopic.php?t=179414 Small-cap foreign: VSS, VFSVX, DGS Fixed inco...
by livesoft
Mon Nov 20, 2017 5:26 pm
Forum: Investing - Help with Personal Investments
Topic: Post for Livesoft
Replies: 27
Views: 2823

Re: Post for Livesoft

My spouse: Apparently likes what I do with our portfolio and will do what I ask. For instance, I asked her to move money from her SDBA back into VFIAX in order to get the recent dividends back to $0.00. She has talked to her CEO and HR folks to campaign for a better 401(k) at my behest and has been ...
by livesoft
Mon Nov 20, 2017 5:22 pm
Forum: Investing - Help with Personal Investments
Topic: Post for Livesoft
Replies: 27
Views: 2823

Re: Post for Livesoft

Trigger points: Discussed ad nauseum: https://www.bogleheads.org/forum/viewtopic.php?t=194427 I will generally increase equities by 3% to 15% of portfolio on a bona fide livesoft RBD. I will generally rebalance back to standard asset allocation shortly thereafter (see purple line in the above thread...
by livesoft
Mon Nov 20, 2017 4:34 pm
Forum: Investing - Help with Personal Investments
Topic: Post for Livesoft
Replies: 27
Views: 2823

Re: Post for Livesoft

Hmmm, lots of questions and most have all been answered at some point or another in my previous posts. I'll try to summarize over the next few days. I'll start with this link to my asset allocation: https://www.bogleheads.org/forum/viewtopic.php?t=150267 I have increased fixed income percentage in 2...
by livesoft
Mon Nov 20, 2017 3:50 pm
Forum: Investing - Theory, News & General
Topic: Fellow TDA bogleheads [TDA dropping Vanguard ETFs from commission-free list]
Replies: 465
Views: 39504

Re: Fellow TDA bogleheads [TDA dropping Vanguard ETFs from commission-free list]

airelleofmusic wrote:
Mon Nov 20, 2017 2:19 pm
Just changed my ETF today VEU replacement for SPDW/SPEM perfect !
And were you charged a commission for selling VEU?
by livesoft
Mon Nov 20, 2017 1:57 pm
Forum: Investing - Help with Personal Investments
Topic: Transferring all funds to new elections
Replies: 7
Views: 361

Re: Transferring all funds to new elections

I don't see any problems switching to some of the lower-cost funds.

I'll guess that the switch from SCV to SC is simply because a low-expense-ratio SCV index fund is not available in the 457 plan.
by livesoft
Mon Nov 20, 2017 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Help w/ NY state tax return and attachments
Replies: 3
Views: 239

Help w/ NY state tax return and attachments

Ugh! Once again I received a notice of tax due from NY State. I'm tired of it, so I would like to see if I am doing something wrong and/or if I can do something better. Basically, I file a NY non-resident return for self-employed income I earn in NY. I don't make much money, so I am able to contribu...
by livesoft
Mon Nov 20, 2017 11:25 am
Forum: Personal Consumer Issues
Topic: Recommend a daily driver
Replies: 24
Views: 869

Re: Recommend a daily driver

Rifampin wrote:
Mon Nov 20, 2017 10:52 am
Situation: Going off to grad school so I will need something that is reliable and comfortable for 3-4 hr drives and stop & go traffic.
Sorry, but I don't follow the reasoning. When I was in grad school, I walked or rode a bike. Both my legs and my bike were very reliable.
by livesoft
Mon Nov 20, 2017 11:13 am
Forum: Investing - Help with Personal Investments
Topic: Cost basis question about Vanguard's covered/uncovered mutual fund shares
Replies: 28
Views: 1281

Re: Cost basis question about Vanguard's covered/uncovered mutual fund shares

What I'm having trouble understanding is how average cost basis can be considered the same as FIFO or SpecID. With average costs basis, you just gather all the purchases over all time in the fund, compare them as a group to the sale price, and use that percent of unrealized gain for all sales of sh...
by livesoft
Mon Nov 20, 2017 10:53 am
Forum: Investing - Help with Personal Investments
Topic: Transferring all funds to new elections
Replies: 7
Views: 361

Re: Transferring all funds to new elections

I don't want to assume this is in a tax-advantaged account and not a taxable account, so please tell us.
by livesoft
Mon Nov 20, 2017 9:12 am
Forum: Investing - Help with Personal Investments
Topic: Just Moved $1.6MM from 401K to Vanguard IRAs - now what?
Replies: 10
Views: 1519

Re: Just Moved $1.6MM from 401K to Vanguard IRAs - now what?

I think you are on your own with this -- except for maybe the possibility of help from your spouse. Have you asked her?

The neat thing is that it doesn't matter what you try since you can always change it. So why not try LifeStrategy Moderate Growth VSMGX?
by livesoft
Mon Nov 20, 2017 9:09 am
Forum: Investing - Help with Personal Investments
Topic: Thoughts on my portfolio?
Replies: 3
Views: 289

Re: Thoughts on my portfolio?

Your presented list of ETFs is well within what is typically seen on this forum.

There has to be overlap between QQQ and VOO, right?

You are missing small-cap foreign. QQQ is no substitute for small/mid-cap US.
by livesoft
Mon Nov 20, 2017 8:42 am
Forum: Personal Consumer Issues
Topic: Uber for someone who knows only taxis
Replies: 47
Views: 1951

Re: Uber for someone who knows only taxis

Just make sure you get into the right car: The one that you have agreed to use. Check car make/color, driver name, etc.
by livesoft
Mon Nov 20, 2017 8:28 am
Forum: Investing - Help with Personal Investments
Topic: Cost basis question about Vanguard's covered/uncovered mutual fund shares
Replies: 28
Views: 1281

Re: Cost basis question about Vanguard's covered/uncovered mutual fund shares

Whenever one sells at Average Cost, one sells shares FIFO. One can also sell with Specific ID and identify the shares to shares FIFO. FIFO is a method of identifying shares for record keeping. It is not a cost basis method. I can also say this: If you sell the first shares you bought, what is the co...
by livesoft
Mon Nov 20, 2017 7:49 am
Forum: Personal Consumer Issues
Topic: Uber for someone who knows only taxis
Replies: 47
Views: 1951

Re: Uber for someone who knows only taxis

I'm not so experienced with Uber, but very experienced with taxis worldwide. I have used Uber in San Francisco a few times with no issues including weird hours. Also on Long Island in the suburbs. I used Didi Chuxing in China for a 1 hour trip which was excellent. My daughter uses Uber all the time ...
by livesoft
Sun Nov 19, 2017 9:48 pm
Forum: Investing - Help with Personal Investments
Topic: Reducing Costs with 401k with Fidelity
Replies: 7
Views: 532

Re: Reducing Costs with 401k with Fidelity

Here is some information: https://www.bogleheads.org/wiki/Fidelity

And see also: https://www.bogleheads.org/wiki/Approxi ... ock_market

The fund 1. you listed is also a commingled pool and not strictly a mutual fund.
by livesoft
Sun Nov 19, 2017 6:36 pm
Forum: Investing - Theory, News & General
Topic: Oregon makes you save, unless you object. NYT article
Replies: 50
Views: 3368

Re: Oregon makes you save, unless you object. NYT article

OK, consider this a starter program with starter accounts. Suppose Oregon forced people into IRAs when their balances reached $1,000? Wouldn't there be a clamoring by financial sharks institutions to capture that money? But as we know, there would be almost no inertia to change to something with low...
by livesoft
Sun Nov 19, 2017 5:32 pm
Forum: Investing - Theory, News & General
Topic: Oregon makes you save, unless you object. NYT article
Replies: 50
Views: 3368

Re: Oregon makes you save, unless you object. NYT article

I agree that nudging is worth it. I'm only asking if this was the best nudge. Suppose the money spent by the state of Oregon went into showing people how to do direct deposit into an IRA? That might have started a trend that other states could copy.
by livesoft
Sun Nov 19, 2017 3:08 pm
Forum: Investing - Theory, News & General
Topic: Oregon makes you save, unless you object. NYT article
Replies: 50
Views: 3368

Re: Oregon makes you save, unless you object. NYT article

It is kind of a tragedy that folks in the legislature and elsewhere ended up on a high horse. One day after the Oregon plan fails, maybe they will explain. I am really surprised that the NYTimes author doesn't mention methods for saving for retirement with low lower cost and better or equal benefits...
by livesoft
Sun Nov 19, 2017 2:51 pm
Forum: Investing - Theory, News & General
Topic: Oregon makes you save, unless you object. NYT article
Replies: 50
Views: 3368

Re: Oregon makes you save, unless you object. NYT article

^OK, record keeping can be expensive, but the alternative of just opening an IRA seems to avoid all those fees, doesn't it?
by livesoft
Sun Nov 19, 2017 2:35 pm
Forum: Investing - Help with Personal Investments
Topic: Best Method To Correct Roth IRA Excess Contributions
Replies: 9
Views: 376

Re: Best Method To Correct Roth IRA Excess Contributions

What will be your eligible Roth IRA contribution in 2018? A few years ago, we simply paid the excise tax for overcontribution and then said the it was fixed when we were eligible to contribute the next year. The reason we did this was that our Roth IRAs had gone up substantially during the year. So ...
by livesoft
Sun Nov 19, 2017 1:55 pm
Forum: Investing - Theory, News & General
Topic: Book for new college graduate
Replies: 19
Views: 989

Re: Book for new college graduate

New college graduates would do well to read IRS Publication 17. It's free.
by livesoft
Sun Nov 19, 2017 1:53 pm
Forum: Investing - Help with Personal Investments
Topic: Trev H Four-Fund Portfolio Tax Loss Harvesting Partner Options
Replies: 20
Views: 918

Re: Trev H Four-Fund Portfolio Tax Loss Harvesting Partner Options

stan1 wrote:
Sun Nov 19, 2017 1:31 pm
Very few people actually do 1 to 1.
I am one of those people.
by livesoft
Sun Nov 19, 2017 1:44 pm
Forum: Investing - Theory, News & General
Topic: Oregon makes you save, unless you object. NYT article
Replies: 50
Views: 3368

Re: Oregon makes you save, unless you object. NYT article

Question for those who run a small business (like the hair salon in the article): what is the cost for the employer to set up a low cost (to employees) retirement plan? I think the cost is $0.00 to tell employees that they should open an IRA someplace. Consider that a married couple could be $11,00...
by livesoft
Sun Nov 19, 2017 1:38 pm
Forum: Investing - Theory, News & General
Topic: Question about Vanguard Total Bond Market ETF (BND)
Replies: 8
Views: 830

Re: Question about Vanguard Total Bond Market ETF (BND)

My bond allocation is split between Total Bond Market Index and Short-term corporate bond index. I think my current bond fund allocation is about 60:40 between these two funds, but it changes often and in a big way. Why? No particular reason, but I have traded term-risk for credit-risk. I also use t...
by livesoft
Sun Nov 19, 2017 1:24 pm
Forum: Investing - Help with Personal Investments
Topic: Trev H Four-Fund Portfolio Tax Loss Harvesting Partner Options
Replies: 20
Views: 918

Re: Trev H Four-Fund Portfolio Tax Loss Harvesting Partner Options

For VSS, I would not hold it in a taxable account, so I don't have to TLH it. But if I did I would sell VSS at a loss and buy some large-cap international. Then new contributions would go into VSS after 30 days. Or I would exchange back into VSS if the VEU or VEA that I bought has a loss in that 30 ...
by livesoft
Sun Nov 19, 2017 1:19 pm
Forum: Investing - Help with Personal Investments
Topic: How to take income from IRA?
Replies: 8
Views: 498

Re: How to take income from IRA?

While it doesn't matter much, I think many people just sell some shares that exceed the portfolio percentages that they desire from their well-thought-out asset allocation plan and that cost the least fees (i.e. should be no cost) to sell. For example, equities are up about 20% in 2017, but bonds ar...
by livesoft
Sun Nov 19, 2017 1:06 pm
Forum: Investing - Theory, News & General
Topic: Experience with 401K "Self Directed Brokerage Account"
Replies: 9
Views: 600

Re: Experience with 401K "Self Directed Brokerage Account"

I was a fiduciary for my corporate 401(k) plan before I retired. It didn't bother me at all.
by livesoft
Sun Nov 19, 2017 1:02 pm
Forum: Investing - Theory, News & General
Topic: Oregon makes you save, unless you object. NYT article
Replies: 50
Views: 3368

Re: Oregon makes you save, unless you object. NYT article

@TravelforFun, all good points that you made. As for the $2 billion funding requirements, I am not sure how much the AOTC $2500 a year for 4 years costs, but I am glad that I made almost $20,000 from that government largesse. I would use some money going to AOTC to pay for a plan like I suggested. :...
by livesoft
Sun Nov 19, 2017 10:27 am
Forum: Investing - Theory, News & General
Topic: Dormant Bank Accounts
Replies: 3
Views: 532

Re: Dormant Bank Accounts

I had a dormant bank account at USAA closed. At first, USAA said the money was escheated to the State as per dormant account rules, but they lied to me. We have none of these savings account things, so we have put that fact in notes to our wills, so that our potential heirs don't waste time looking ...
by livesoft
Sun Nov 19, 2017 10:22 am
Forum: Investing - Theory, News & General
Topic: Oregon makes you save, unless you object. NYT article
Replies: 50
Views: 3368

Re: Oregon makes you save, unless you object. NYT article

I was appalled by the fee as well. They act like they are doing everyone a favor, but one could also set up direct deposit to a low-expense-ratio Vanguard IRA. Of course, I realize that some payrolls are by check still and not direct deposited into a bank account or an investment account. The main t...
by livesoft
Sat Nov 18, 2017 11:30 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Total Bond BND vs VBTLX (etf vs fund)?
Replies: 9
Views: 689

Re: Vanguard Total Bond BND vs VBTLX (etf vs fund)?

You are not missing out on any tax savings by owning VBTLX instead of BND.

But based on what I think I know about your situation, I don't think you should own VBTLX nor BND in a taxable account.
by livesoft
Sat Nov 18, 2017 11:08 pm
Forum: Investing - Theory, News & General
Topic: Investment Portfolio Tracking & Spreadsheets
Replies: 21
Views: 1268

Re: Investment Portfolio Tracking & Spreadsheets

I track my portfolio with MS Money. I want to make sure that my 100+% turnover each year in the total portfolio is making me more money with no taxes than simply putting the money in the same asset allocation in a LifeStrategy or Target Retirement fund. That's because if that wasn't happening, then ...