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misterlucky

I just had this conversation with a knowledgeable accountant, since I'm in a similar situation. Financing with a Heloc (Home equity line of credit) or construction loan/mortgage is a good option because interest rates are low, the interest you pay is deductible if you itemize on your taxes, and coul...

misterlucky

Thanks for all your help T !
Keep the party going!

misterlucky

Wow, it's a tax minefield. Thanks Cyclesafe for the excellent intel. Like SLS, if the eventual plan is to leave these VA's to a daughter, should the daughter be named as primary beneficiary (assuming wife will have enough inheritance from other non-annuity sources). Or stated differently, if wife in...

misterlucky

Great information. Thank you all. My demographic/family situation is like SLS's. The NQ VA's are old from the 90's. This discussion has spurred me to look closer at the complicated tax consequences, as well explained by Cyclesafe (Last in-First out, inherited stretch option for daughter, etc.). When...

misterlucky

Small Law Survivor and Cyclesafe, Thanks for your posts on this topic. I've read through the longer thread started in December too. Have you explored the fees for Fidelity variable annuities? I looked at their website and fees seemed to be 0.25 or 0.1% plus index fund subaccount fees of 0.17% (for b...

misterlucky

Any opinions on Mitsubishi Variable Refrigerant Flow (VRF) heat pump units? They don't have to start up with at full speed when the thermostat calls for heat or cooling. I don't have one but am just starting to research. Looks like Mitsub. and Trane are working together! "...Formed in 2018, Mit...

misterlucky

Wow, that's wild !

misterlucky

Thanks for replies and advice. Sounds like Retire4lyfe is in similar situation-- build new house, move in, then sell old one. Timing the materials cost, then sale of previous home, is always subject to uncertainty. Builders locally are very busy but looking for future projects. Here's what I'm think...

misterlucky

Thanks for advice. Futures market insight helpful and Forbes article provides clear rationale: "...Will the shortage let up anytime soon? Jalbert at Fastmarkets RISI says lumber supplies will be encumbered for months, but could begin to level off by the end of the year....trade disputes between...

misterlucky

I've been seeing articles about skyrocketing lumber prices and supply chain problems for building materials. Reasons seem to be mills closing due to Covid and increased consumer demand. Builders and subcontractors seem to be really busy in my mid-Atlantic area with interest rates being so low. Does ...

misterlucky

Thanks posters for info on high annual fee cards.

misterlucky

Really good discussion topic. Thanks for posting. Yes, I do for miles and hotel points but with some basic groundrules: I never pay an annual fee or interest or late payment penalty. They dilute the value of any points you might use in the future. I use a spreadsheet to track when to call to cancel ...

misterlucky

Hi BH's, While gathering tax data for a 3 member LLC partnership (all immediate family members), I heard from accountant that with the new 2018 tax law, expenses are no longer deductible and are now treated as distributions to the partners based on their ownership percentages. Does this seem right t...

misterlucky

2 additional notable quotes: Motto of HMS Vanguard: We Lead. "Reversion to the mean" explaining the future fate of high priced financial wizards who tout a winning streak. I had the pleasure of talking with Jack at a past Bogleheads conference. I was astounded at how kind, approachable, an...

misterlucky

Ok thanks posters.

misterlucky

smectym wrote: ↑Mon Dec 04, 2017 8:35 am I’m like friar1610 above. Own a large Vanguard VA funded back in an earlier millennium. I bought it because we were maxed out on tax-deferred space in 401(k)/IRA. I certainly haven’t lost money or gone broke because I purchased a Vanguard Variable Annuity. I...

misterlucky

Health insurance is the biggest financial hurdle to early retirement, as BH members have posted. My family of 3 sees premiums going over $2500/month. I just finished an interesting book, The Healing of America , by TR Reid. He travels the world interacting with various countries' healthcare systems ...

misterlucky

This was a very interesting discussion with great insights and intra-family dynamics! Tarkus- you've done great and properly realize that you could still be spent into oblivion. I'd reject the Wealth Advisory and keep doing your pragmatic DIY Boglehead program. A fee-only planner or your accountant ...

misterlucky

Great interview. Taylor - thanks for posting. CNBC should consider 23 hours of Jack, then 1 hour of the noisemakers. 2 quick points: For those of us who rebalance in bands, this is an opportunity to do something, if it fits our plan (I exchanged some from Total Bond into Total Stock). And second, Ja...

misterlucky

Novice123- - Congratulations, you've found the Bogleheads early in your career! Don't fall for "DDM's" dumb doctor financial mistakes like your peers will. - Maximize savings; if you're unsure, throw it into Vang Balanced Index fund and a MM emergency fund. - Minimize personal and business...

misterlucky

The boat trip out to Fort Sumter is really worth it. Great scenery, easy to visualize history taking place, and a good museum out there.

misterlucky

I share the same question as Index Fan, even after reading TFB's book. I understand that buying an individual TIP, say $10K, guarantees $10K of purchasing power at maturity; but I'm a simple fund guy, does a TIPs fund purchase now have a similar guarantee, or can fund behavior (with interest rate sw...

misterlucky

Do any Bogleheads know a reputable publishing attorney? I'm a first time nonfiction author and would like to have someone to ask some basic questions and look over agent or publisher contracts for any glaring problems. Thanks!

misterlucky

Young investors who maximize their 401k or IRA contributions, without any substantial savings outside of retirement accounts, assume they're doing the right thing. How should they split their savings to build liquid and tax qualified wealth? 50/50? Others? (Assume no company match.)

misterlucky

Dear Jack, – Is "own your age in bonds" still good all-weather advice for upcoming generations? – Holding a TIPS mutual fund in a retirement account is a popular BH concept. I've read Explore Tips by The Finance Buff, but I'm still not clear on how future interest rate swings can effect th...

misterlucky

I watched an interview this weekend on BookTV with Harry Markopolos. He continually stressed the need for every investor to do their due diligence. I'm wondering if he has ever offered his opinion on indexing and Vanguard?

misterlucky

Landy- Your 3 behavior options are interesting. Choice 1, not rebalancing, is probably very popular. This path sacrifices potential future gains, but I wonder by how much for routine AA's like 60/40, 50/50 etc. Choice 2, reducing equities, really bucks the boglehead philosophy. Choice 3, rebalancing...

misterlucky

ok, thanks. No NC pension available . I found some NC bond funds but, as you said, they're load or otherwise ugly!

misterlucky

I was wondering if anyone knows a decent North Carolina tax exempt fund. I recently moved here and currently hold Vanguard limited term and intermed term tax exempt bond funds and tax exempt MMarket. My accountant tells me I have to see how much dividend income was from NC, and the remainder gets ad...

misterlucky

I was actually a bass drummer in a bagpipe band!
My favorites were Lord Lovet's Lament, Scotland the Brave, Highland Cathedral and High Road to Gairloch.

misterlucky

Same status as Snowman. I tlh'd out of VEA and VWO and missed the big price jump of VEU. I'll just sit in cash and watch for a possible dip over the 30 day period. If the lows don't get re-tested, then I'll probably rebuy VEA and VWO after the wash period. At least I'll have the tlh carryover for th...

misterlucky

I exchanged TBM into TSM, Intl stock and Diversified value twice this week (within Vang Variable annuities) to maintain my 50/50 AA. There certainly is blood in the streets, and there may be more, who knows? The global economy is a mess, but those who capitulate or lower their AA are espousing the c...

misterlucky

Thanks PW for the clear, concise post!

misterlucky

My question is, when you successfully harvest a short term cg loss, it would offset any short term cg on next years tax return. If there's more loss than gain,what would it offset next? What is the sequence, and would it eventually offset dividend income? Are there income phaseouts for the offsets? ...

misterlucky

Thank you all for your insights. I'm still not really clear on if Veu rebalances to 80/20 devel/emerg on it's own. If EM's tank to 15% of the index, Veu doesn't buy more to restore the 80/20 ratio- if that's correct, then I really wouldn't reap the benefits of rebalancing between intl stock and EM s...

misterlucky

I'm considering using Veu (FTSE exUS) for my intl stock allocation. Does it rebalance itself between developed and emerging mkts (80/20), or is that just what it currently holds? Would using Vea and Vwo have any advantages? It's a taxable acct, so I'd like to avoid actively rebalancing. Thanks!

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Re: Finance or Cash Flow Remodel

Re: Happy 97th Birthday, Taylor Larimore

Re: Independent Vanguard Advisor on the Transamerica Variable Annuity Transition:

Re: Independent Vanguard Advisor on the Transamerica Variable Annuity Transition:

Re: Independent Vanguard Advisor on the Transamerica Variable Annuity Transition:

Re: Trane HVAC - Bad Experience

Re: Bad time to build a new house?

Re: Bad time to build a new house?

Re: Bad time to build a new house?

Bad time to build a new house?

Re: After financial independence, do you play credit card bonus games?

Re: After financial independence, do you play credit card bonus games?

New Tax Law LLC partnership

Re: Tributes to Jack Bogle

Re: Variable annuities Yes/No

Re: Variable annuities Yes/No

Re: health insurance after retirement?

Re: Wealth advisory services

Publishing attorney referral?

Young investor strategy

BH9 Q&A

harry markopolos and vanguard

Any recommended NC tax exempt funds?

tax loss harvest-what offsets what?

Vanguard VEU rebalancing question