Search found 30 matches

by maximuum
Sun Nov 24, 2019 8:06 am
Forum: Personal Investments
Topic: International Fund Location with Highest Tax Bracket
Replies: 20
Views: 1255

Re: International Fund Location with Highest Tax Bracket

Many many members on here split hairs over 2-3 basis points of expense ratio. I think 17 basis points is a reasonable thing to easily optimize, all else things equal.
by maximuum
Tue Nov 19, 2019 4:07 pm
Forum: Personal Investments
Topic: International Fund Location with Highest Tax Bracket
Replies: 20
Views: 1255

Re: International Fund Location with Highest Tax Bracket

In the highest tax bracket, the fund with the highest yield goes in tax deferred first, especially if it has non qualified dividends. With U.S. equities yielding roughly 2%, bonds less than 2%, and international 3%, international should go in tax deferred. International also has a lower percentage o...
by maximuum
Sun Nov 10, 2019 9:28 am
Forum: Personal Investments
Topic: Bonds in your taxable - any examples?
Replies: 10
Views: 1061

Re: Bonds in your taxable - any examples?

For high tax rate individuals, the investment with the highest dividend should go in tax deferred. This is currently international investments at around 3% yield. It is a wash whether U.S. or bonds go in taxable now as both have about a 2% yield.
by maximuum
Fri Oct 11, 2019 7:23 pm
Forum: Personal Investments
Topic: How to TLH from VTIAX to IXUS on VG website?
Replies: 13
Views: 872

Re: How to TLH from VTIAX to IXUS on VG website?

Convert your shares of VTIAX to VXUS (etf), then tax loss harvest to IXUS.
by maximuum
Sun Sep 08, 2019 7:19 am
Forum: Investing - Theory, News & General
Topic: Vanguard Strategic Model Portfolios - Why???
Replies: 14
Views: 2726

Re: Vanguard Strategic Model Portfolios - Why???

They split it for tax location reasons. You can have this portfolio run at Betterment, and the growth funds are placed in taxable with their low dividends. The value funds are placed in tax deferred (if room is available) due to their higher dividend yield and hence higher tax rate.
by maximuum
Mon Jul 15, 2019 10:03 am
Forum: Personal Investments
Topic: Bonds in Tax Deferred vs Munis in Taxable?
Replies: 16
Views: 1845

Re: Bonds in Tax Deferred vs Munis in Taxable?

A couple reasons you might want to consider stocks in taxable and bonds in tax deferred is: 1. If you ever drop out of the highest tax bracket, bonds in tax deferred are preferable and selling your munis to optimize that may cause taxes to be realized. 2. Step-up cost basis upon death along with pot...
by maximuum
Mon Jul 01, 2019 9:25 am
Forum: Personal Investments
Topic: Tilting to VUG in California After-Tax?
Replies: 14
Views: 854

Re: Tilting to VUG in California After-Tax?

Another possibility for taxable that I’ve started to contribute to in a high tax bracket/high state tax situation is Vanguard’s multifactor ETF-VFMF. It has 100% qualified dividends and a 1.72% yield last year (presumably because of the inclusion of momentum). You can also split your bonds with taxa...
by maximuum
Thu Jun 13, 2019 4:39 pm
Forum: Personal Investments
Topic: DIY for UHNW
Replies: 55
Views: 6692

Re: DIY for UHNW

You may want to consider VTSAX (perhaps with a small value fund) instead of the tax managed funds. While the tax managed funds are just a few basis points more tax efficient than VTSAX, they might change the stocks they are tracking or close (like tax managed international). With VTSAX, you know exa...
by maximuum
Mon Jun 03, 2019 8:28 pm
Forum: Personal Investments
Topic: Recommended DFA funds through 457 plan
Replies: 13
Views: 1061

Re: Recommended DFA funds through 457 plan

DGEIX- It’s a fund of funds (DFA core funds) which DFA decides on the asset allocation. It is all stocks though, so make sure that’s what you want.
by maximuum
Sat Mar 09, 2019 3:47 pm
Forum: Personal Investments
Topic: Puzzled: How to add more bonds+international after running out of tax-advantaged room?
Replies: 15
Views: 2233

Re: Puzzled: How to add more bonds+international after running out of tax-advantaged room?

At what difference is it worthwhile to hold federal muni bonds in taxable instead of stocks in a state with no muni bond fund? Ie at 20% + 3.8% in the highest tax bracket with a high state tax (like Maryland) would you place your bonds in an intermediate tax exempt bond fund and stocks in tax deferr...
by maximuum
Wed Jan 16, 2019 8:03 pm
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 856
Views: 58155

Re: John Bogle is dead at 89

Thank-you John Bogle for helping the hard-working men and women of the world get a fair chance at investing. The world lost a truly great altruistic man.
by maximuum
Mon Dec 03, 2018 6:36 pm
Forum: Personal Investments
Topic: VMNVX Vanguard Global Min Vol Fund in Taxable
Replies: 10
Views: 1243

Re: VMNVX Vanguard Global Min Vol Fund in Taxable

I think the main difference is VTSAX is unlikely to ever pay out a capital gains distribution since it is a share class of the ETF VTI. On the other hand, VMNVX may have to pay out capital gains taxes occasionally. Last year, I don't believe VMNVX had any capital gains so it appeared to have similar...
by maximuum
Mon Jul 09, 2018 2:25 pm
Forum: Investing - Theory, News & General
Topic: Morningstar: What to Consider When Picking Multifactor ETFs
Replies: 84
Views: 7047

Re: Morningstar: What to Consider When Picking Multifactor ETFs

I am also still waiting on an international multi-factor fund with decent loading for a taxable account. Vanguard international small (VSS) has no value loads and is very tax inefficient. Schwab fundamental international small (FNDC) also has essentially no value load. The ishares international smal...
by maximuum
Tue Jul 03, 2018 11:16 am
Forum: Investing - Theory, News & General
Topic: Morningstar: What to Consider When Picking Multifactor ETFs
Replies: 84
Views: 7047

Re: Morningstar: What to Consider When Picking Multifactor ETFs

Does the fact that VFMFX (mutual fund) is not a share class of VFMF (ETF) mean that VFMF should preferentially be used in taxable accounts?
by maximuum
Thu Oct 26, 2017 7:10 am
Forum: Investing - Theory, News & General
Topic: USAA Launches Multi-Factor ETFs
Replies: 2
Views: 800

USAA Launches Multi-Factor ETFs

I thought this was an interesting addition to the current multi-factor ETFs. It appears they are combining value and momentum which is a favorite on these boards. The expense ratios are reasonable too:

http://www.etf.com/sections/daily-etf-w ... etf-lineup
by maximuum
Sat Sep 09, 2017 4:06 pm
Forum: Investing - Theory, News & General
Topic: SEC plans to approve Vanguard request to list actively managed ETFs
Replies: 13
Views: 2356

Re: SEC plans to approve Vanguard request to list actively managed ETFs

I wonder if this means the active mutual funds will be share classes of the etf's like Vanguard's index funds? That would make the active mutual funds with etf's much more tax efficient.
by maximuum
Wed Mar 15, 2017 8:30 pm
Forum: Investing - Theory, News & General
Topic: Motif Investing Implementation of Ultimate Buy and Hold
Replies: 34
Views: 6608

Re: Merriman Ultimate Buy and Hold RoboAdvisor

No access to DFA. Motif is really a brokerage platform that allows a basket of 30 trades for $9.95. I believe the etf trades are market orders though. Again, it does allow fractional shares though. Merriman was kind enough to load up a plethora of his recommended UB&H recommended portfolios so the a...
by maximuum
Wed Mar 15, 2017 8:16 pm
Forum: Investing - Theory, News & General
Topic: Motif Investing Implementation of Ultimate Buy and Hold
Replies: 34
Views: 6608

Re: Merriman Ultimate Buy and Hold RoboAdvisor

The point of this post was to point out he picked out many target allocation portfolios utilizing his best etf picks in Motif investing (rather than Vanguard, Fidelity, etc). Motif will execute up to 30 trades (including fractional shares) for $9.95. The etf picks Merriman includes are many mentione...
by maximuum
Wed Mar 15, 2017 4:55 pm
Forum: Investing - Theory, News & General
Topic: Motif Investing Implementation of Ultimate Buy and Hold
Replies: 34
Views: 6608

Re: Merriman Ultimate Buy and Hold RoboAdvisor

I would envision using this tax efficiently. So use his UB&H motif in taxable and then available cheap bond funds in tax deferred. I agree this could be difficult to implement in tax deferred if specific funds aren't available.
by maximuum
Wed Mar 15, 2017 4:29 pm
Forum: Investing - Theory, News & General
Topic: Motif Investing Implementation of Ultimate Buy and Hold
Replies: 34
Views: 6608

Motif Investing Implementation of Ultimate Buy and Hold

Hello, I was curious what the Bogleheads thought of Paul Merriman's UB&H portfolios he set up on Motif investing. I think this could be a very good alternative to traditional robo-advisors. Perhaps the Bogleheads could even set up factor based (i.e. size value .2/.3/.4) or low dividend taxable motif...
by maximuum
Sun Mar 12, 2017 3:29 pm
Forum: Investing - Theory, News & General
Topic: Getting deeper small-cap value exposure in taxable is almost free
Replies: 51
Views: 11652

Re: Getting deeper small-cap value exposure in taxable is almost free

Grabiner,

I believe you have previously stated you don't believe it is worth it to value invest in taxable accounts. Does this mean you have changed your mind and are willing to use these small value etf's in taxable?
by maximuum
Fri Feb 24, 2017 7:30 pm
Forum: Investing - Theory, News & General
Topic: Factor based investing
Replies: 3
Views: 706

Factor based investing

I was curious what everybody's thought was on this article that challenges factor based investing:

http://www.dualmomentum.net/2017/02/fac ... h.html?m=1

Interesting look at a common topic here!
by maximuum
Wed Jan 04, 2017 4:11 pm
Forum: Personal Investments
Topic: Schwab Intelligent Portfolio Tilt
Replies: 3
Views: 1098

Re: Schwab Intelligent Portfolio Tilt

Does the above stated strategy sound reasonable? Use robo for taxable equities then bonds in tax deferred? Also, my wife has no interest in investing so I want a strategy that she can roll straight to an advisor I trust. The alternative would be a Vanguard PAS type portfolio I set up myself and then...
by maximuum
Sat Dec 31, 2016 6:05 pm
Forum: Personal Investments
Topic: Schwab Intelligent Portfolio Tilt
Replies: 3
Views: 1098

Schwab Intelligent Portfolio Tilt

Hello, For a variety of reasons (mainly behavioral), I have been looking at Schwab Intelligent Portfolios for my taxable account. The plan would be to use their highest equity allocation with the 6% cash. I like that the fees are taken out pre-tax since no funds have to be sold to pay the expense ra...
by maximuum
Sun Mar 25, 2012 11:30 am
Forum: Personal Consumer Issues
Topic: online tax prep software that can handle backdoor Roth?
Replies: 4
Views: 1668

Re: online tax prep software that can handle backdoor Roth?

I attempted to do this in H&R block. Upon printing my return, all of part 1 (questions 1 through 15) did not populate in form 8606. On opening the software form of 8606, there is a question that states if you converted all of your traditional IRA to a Roth IRA and did not receive any additional IRA ...
by maximuum
Thu Dec 29, 2011 9:04 pm
Forum: Investing - Theory, News & General
Topic: Payroll tax cut - "recapture" tax on wealthy
Replies: 40
Views: 4164

Re: Payroll tax cut - "recapture" tax on wealthy

So what is the best way to minimize taxes for a 1099 position? Defer taxes to a 401k the first 2 months or wait until 2 months are up and then defer to a 401?
by maximuum
Sat Oct 08, 2011 2:08 pm
Forum: Personal Investments
Topic: Where to park a 6 month emergency fund near 100k?
Replies: 51
Views: 6199

One thing you might not have considered is safety against malpractice claims. In many states, your home/529/401k/403b are exempt from claims. Hence, I am paying off my mortgage, student loans, and building a large 529 for my daughter prior to building up a taxable portfolio. Something to consider.....
by maximuum
Mon Sep 20, 2010 7:47 pm
Forum: Personal Investments
Topic: New Job, New 401k
Replies: 3
Views: 1142

Thanks for the reply. The expense ratio for PTTRX is in fact 0.46% even in my 401k. I guess within my 401k there aren't many great ones for either international or bond funds. My old 403b did restric rollovers to an IRA after leaving. Essentially, it has to stay in its current holding until I'm 56 y...
by maximuum
Mon Sep 20, 2010 4:44 pm
Forum: Personal Investments
Topic: New Job, New 401k
Replies: 3
Views: 1142

New Job, New 401k

Hello, I've been following this website for some time and appreciate any potential advice. I have just started a new job with a bit of a wimpy 401k plan in terms of options and was looking for some advice. The 401k plan does have models (ie growth model has 80% stocks, 20% bonds) with ER of 0.5% or ...
by maximuum
Mon Jun 16, 2008 4:07 pm
Forum: Personal Investments
Topic: Need portfolio simplification and advice
Replies: 1
Views: 630

Need portfolio simplification and advice

Hello, A little about my current story. I am currently a resident physician and plan on getting engaged soon. This is a very exciting time, but it does complicate the portfolio/money situation a bit. I also think that I need rearrange some of my finances. I have read a few books prior to resideny on...