Search found 322 matches

by CRTR
Tue Jul 14, 2020 1:49 pm
Forum: Personal Investments
Topic: Best brokerage/bank for HNW
Replies: 17
Views: 1877

Re: Best brokerage/bank for HNW

Schwab I know for a fact they used to do asset based mortgage lending (2 years ago). Their mortgages are service by Quicken. Schwab has been making inroads into the IPO arena. They sued Goldmann a couple years ago for blocking access. More recently, they had been offering IPOs via JP Morgan and Cre...
by CRTR
Tue Jul 14, 2020 3:40 am
Forum: Personal Investments
Topic: Best brokerage/bank for HNW
Replies: 17
Views: 1877

Re: Best brokerage/bank for HNW

Schwab I know for a fact they used to do asset based mortgage lending (2 years ago). Their mortgages are service by Quicken. Schwab has been making inroads into the IPO arena. They sued Goldmann a couple years ago for blocking access. More recently, they had been offering IPOs via JP Morgan and Cred...
by CRTR
Wed Jul 08, 2020 5:38 pm
Forum: Personal Investments
Topic: Retirement plan change . . .am I about to do something stupid??
Replies: 31
Views: 4541

Re: Retirement plan change . . .am I about to do something stupid??

I really appreciate the time and effort you're putting into my post. Your input has caused me to reconsider and evaluate quite a few things. In addition, you reminded me of something the FA mentioned, which I had forgotten and is going to cost me some more! lol I honestly don't get where she was com...
by CRTR
Tue Jul 07, 2020 5:50 pm
Forum: Personal Investments
Topic: Retirement plan change . . .am I about to do something stupid??
Replies: 31
Views: 4541

Re: Retirement plan change . . .am I about to do something stupid??

I did play around with asset location. Initially, I did so to double check the FA advice I received. My original AA plan was pretty much as you describe, with almost all my fixed income in my tIRA. For my unique situation, she recommended 80/20 fixed income/equity AA in my taxable. with 100 %equiti...
by CRTR
Tue Jul 07, 2020 11:50 am
Forum: Personal Investments
Topic: Retirement plan change . . .am I about to do something stupid??
Replies: 31
Views: 4541

Re: Retirement plan change . . .am I about to do something stupid??

It wasn't exactly off the cuff. :) Our situation is very similar to yours, though we also have to consider the effects of single vs. married tax rates should one of us die early. Have you analyzed the effects of moving your low growth assets into your tIRA? I calculate your overall asset allocation...
by CRTR
Mon Jul 06, 2020 5:46 pm
Forum: Investing - Theory, News & General
Topic: What is your contrarian/alternative play?
Replies: 46
Views: 4404

Re: What is your contrarian/alternative play?

1.. Entire taxable account (aside from a bunch of old, appreciated holdings which I'm giving to charities) is in a facsimile of Harry Browne's Permanent Portfolio: 25% VO 25% VGLT 25% VGSH 25% IAU Started in 2016 and ever since, it has done EXACTLY as it was supposed to: rock stable. A SD of ~5%, un...
by CRTR
Mon Jul 06, 2020 4:24 pm
Forum: Personal Investments
Topic: Retirement plan change . . .am I about to do something stupid??
Replies: 31
Views: 4541

Re: Retirement plan change . . .am I about to do something stupid??

Let me propose a different way of thinking about this. The 3.4M you have outside of your tIRA is quite sufficient to meet your needs. It appears that you will leave most of your assets to charity when you pass. As such, while some of your current and proposed large conversions will reduce RMDs and ...
by CRTR
Sun Jul 05, 2020 4:52 pm
Forum: Personal Investments
Topic: Retirement plan change . . .am I about to do something stupid??
Replies: 31
Views: 4541

Re: Retirement plan change . . .thoughts, criticisms??

On the other hand, I have a 25 year history of paying large tax bills and know how it annoys me. I'm sorry it annoys you. Perhaps a little thanks for paying those taxes is in order? Thank you for paying taxes. Thank you for aany and all of the money that filtered down to my dear friends and relativ...
by CRTR
Sun Jul 05, 2020 3:09 pm
Forum: Personal Investments
Topic: Retirement plan change . . .am I about to do something stupid??
Replies: 31
Views: 4541

Re: Retirement plan change . . .am I about to do something stupid??

This can be improved by converting a lot more each year. $200K is 6% of the tIRA value, which likely grows at least $200K more each year. So you would be barely treading water , not making any progress with lowering the balance. You can confirm this by comparing the year-end balances of the tIRA ea...
by CRTR
Sun Jul 05, 2020 2:45 pm
Forum: Personal Investments
Topic: Retirement plan change . . .am I about to do something stupid??
Replies: 31
Views: 4541

Re: Retirement plan change . . .am I about to do something stupid??

you made it, and now you trying to time market?? why? the only thing you need to do now is to enjoy where you at. i dont understand why you need to do anything. If I do nothing, I'll be hit with at least a $45k/year tax bill, for the rest of my life, starting at age 72 . . .that's assuming a modest...
by CRTR
Sun Jul 05, 2020 2:40 pm
Forum: Personal Investments
Topic: Retirement plan change . . .am I about to do something stupid??
Replies: 31
Views: 4541

Re: Retirement plan change . . .am I about to do something stupid??

Who are the beneficiaries of your estate? If you plan to leave a portion of your estate to a qualified charity, leave that portion in your tax deferred account rather than converting it to Roth. 100% of my tIRA and any possessions (real estate, cars, etc etc) will go to qualified charities. My taxa...
by CRTR
Sun Jul 05, 2020 2:35 pm
Forum: Personal Investments
Topic: Retirement plan change . . .am I about to do something stupid??
Replies: 31
Views: 4541

Re: Retirement plan change . . .thoughts, criticisms??

1. My advice is to go almost 100% equities in after tax account and put bonds in Traditional IRA or Roth for tax efficiency. If market drops and you need to sell lower value equities in your after tax account, at the same time you buy lower value equities in your T-IRA or Roth IRA, transferring bon...
by CRTR
Sun Jul 05, 2020 12:02 pm
Forum: Personal Investments
Topic: Retirement plan change . . .am I about to do something stupid??
Replies: 31
Views: 4541

Re: Retirement plan change . . .thoughts, criticisms??

I don’t understand the rationale for making a large Roth conversion in the year the market tanks by say 20% (your Option 1). Could you please explain? How about go the opposite direction and pack all your bond holdings in the tIRA to lower expected return in that account? You would make correspondi...
by CRTR
Sun Jul 05, 2020 9:14 am
Forum: Personal Investments
Topic: Retirement plan change . . .am I about to do something stupid??
Replies: 31
Views: 4541

Re: Retirement plan change . . .thoughts, criticisms??

Congratulations on the wealth you’ve accumulated! I have a personal theory or maybe it’s a superstition that when people go to extraordinary lengths to avoid taxes that it usually works against them. My preference for you fwiw is to devote more energy into enjoying the money while you’re still yout...
by CRTR
Sun Jul 05, 2020 3:54 am
Forum: Personal Investments
Topic: Retirement plan change . . .am I about to do something stupid??
Replies: 31
Views: 4541

Retirement plan change . . .am I about to do something stupid??

I almost feel a bit embarrassed posting this. I'm seeking input, opinions, feedback, criticism for a new, a bit unconventional plan I'm considering. I would love to know if this is a stupid idea or what I'm forgetting before I pull the trigger. The decision won't affect my life or lifestyle but may ...
by CRTR
Fri Jul 03, 2020 1:45 pm
Forum: Personal Investments
Topic: Converting VTSAX to VTI
Replies: 12
Views: 1572

Re: Converting VTSAX to VTI

I have my Vanguard holdings at Etrade I DID a partial conversion of VTWAX to VT. It was super easy: one phone call. I chose the lots. I transferred the VT to new Merrill account (to get small cash bonus and increased BofA credit card bonus). I kept track of the basis and am glad I did because the b...
by CRTR
Fri Jul 03, 2020 8:36 am
Forum: Personal Investments
Topic: Converting VTSAX to VTI
Replies: 12
Views: 1572

Re: Converting VTSAX to VTI

I have my Vanguard holdings at Etrade I DID a partial conversion of VTWAX to VT. It was super easy: one phone call. I chose the lots. I transferred the VT to new Merrill account (to get small cash bonus and increased BofA credit card bonus). I kept track of the basis and am glad I did because the ba...
by CRTR
Fri Jun 26, 2020 8:40 am
Forum: Investing - Theory, News & General
Topic: DFA Entering ETF space
Replies: 34
Views: 2977

Re: DFA Entering ETF space

hmmm . . . .seems redundant to the John Hancock ETFs they manage. Wonder if they'll end that relationship?
by CRTR
Tue May 26, 2020 9:24 am
Forum: Personal Investments
Topic: Etrade vs Vanguard
Replies: 20
Views: 1549

Re: Etrade vs Vanguard

I feel uniquely qualified to comment given we've had accounts at both Etrade and Vanguard for >20 years. We are Flagship clients at Vanguard and have some sort of special status at Etrade (they keep changing the name: used to be Platinum, then Premium, now "Special Active Trader" status). As GALAWDA...
by CRTR
Sat Apr 18, 2020 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Possible to move in retirement without HUGE capital gain tax
Replies: 19
Views: 1555

Re: Possible to move in retirement without HUGE capital gain tax

Here is another option: Rent out the home for two years then sell it. Since they used the home as their primary residence at least two of the past five years, they will be able to exclude $500,000 of the gain. With the remaining funds, purchase another rental property via a 1031 exchange. If they wa...
by CRTR
Sat Apr 18, 2020 10:28 am
Forum: Personal Investments
Topic: VTMSX Vanguard Tax-Managed Small Cap Fund
Replies: 15
Views: 1123

Re: VTMSX Vanguard Tax-Managed Small Cap Fund

I've owned it for o ~20 years (started buying when first established) and have nothing but happy thoughts about it. I don't recall ever having any capital gains distributions. In fact, I wish I had put more money in it because it has been my best performing US equity fund, by a considerable margin. ...
by CRTR
Thu Feb 06, 2020 7:46 pm
Forum: Investing - Theory, News & General
Topic: Fama/French - is Value investing over?
Replies: 2
Views: 403

Re: Fama/French - is Value investing over?

rkhusky wrote:
Thu Feb 06, 2020 6:25 pm
Already discussed here:
viewtopic.php?f=10&t=302292

Unfortunately, searching Bogleheads for "3525096" does not pull up the prior discussion.
Thanks!! Somehow I missed it.
by CRTR
Thu Feb 06, 2020 6:14 pm
Forum: Investing - Theory, News & General
Topic: Fama/French - is Value investing over?
Replies: 2
Views: 403

Fama/French - is Value investing over?

just an FYI: Ran across this today: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3525096 Seems the value premium has diminished significantly over the past 28 years. Question remains whether this is an anomaly or the start of the end or reversion to mean . . . Has anyone on this site ever sai...
by CRTR
Mon Feb 03, 2020 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Need help with valuation of small company
Replies: 12
Views: 895

Re: Need help with valuation of small company

Why sell if all you have to do is collect money ? My guess is there is more work and risk than just collecting money. If so, then you are trying to sell a job not an income stream.. Good point. There really isn't much risk other than my initial $1200 outlay. Given I am moving to another state and w...
by CRTR
Mon Feb 03, 2020 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Need help with valuation of small company
Replies: 12
Views: 895

Re: Need help with valuation of small company

One way to model it would be to calculate the present value of an asset that yields $3000 every year for the next 5 years. You also need an interest rate to go with it, which is what the interest rate somebody would charge based on a risk assessment of that cash flow. For instance, the interest rat...
by CRTR
Sun Feb 02, 2020 10:59 pm
Forum: Personal Finance (Not Investing)
Topic: Need help with valuation of small company
Replies: 12
Views: 895

Re: Need help with valuation of small company

You could auction your share to the other four through secret bidding? Or semi-open bidding like on eBay? I.e. you put a time limit, say, one week, and inform all of the highest bid received each day. Per the corporation docs, I'm supposed to sell back to corp first. If that doesn't work, I'm suppo...
by CRTR
Sun Feb 02, 2020 10:57 pm
Forum: Personal Finance (Not Investing)
Topic: Need help with valuation of small company
Replies: 12
Views: 895

Re: Need help with valuation of small company

A normal part of launching a small LLC or partnership is a partnership agreement or an equivalent document for an LLC. This document would include what would happen with the death/incapacitation/retirement of a partner/member. It would also include language about valuation of the partnership/LLC. I...
by CRTR
Sat Feb 01, 2020 11:38 pm
Forum: Personal Finance (Not Investing)
Topic: Need help with valuation of small company
Replies: 12
Views: 895

Need help with valuation of small company

I'm retired and shuttering the last remnants of my employment. I am a shareholder in a small billing service company. There are 5 shareholders (equal amounts) . We each contributed ~$1200 to the startup costs. There are no significant assets other than ~$20000 in our business checking account and a ...
by CRTR
Sat Feb 01, 2020 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: are online trusts ok...
Replies: 16
Views: 1329

Re: are online trusts ok...

Personally, I have not but my father used Quicken Willmaker Plus for his estate planning (~2007). He did everything correctly, including titling their houses and accounts to trust. They lived in California. I was able (as successor trustee and executor) to process the estate seamlessly. For a simple...
by CRTR
Fri Jan 24, 2020 9:31 pm
Forum: Personal Investments
Topic: Best place to park 150k capital gains tax due 14 months from now
Replies: 10
Views: 1570

Re: Best place to park 150k capital gains tax due 14 months from now

Gill wrote:
Fri Jan 24, 2020 8:23 pm
Sure, I’d go with a CD maturing around 4/15/21 or a bit earlier.
Gill
+1
Don't think you can beat a CD right now for such a short time interval.
Check depositaccounts.com for the best rates when you decide to buy.
by CRTR
Thu Jan 16, 2020 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: 529 rollover/ownership change question
Replies: 9
Views: 591

Re: 529 rollover/ownership change question

Vanguard manages plans in a number of states. Perhaps you can find one that allows change of ownership. Then you could probably do a two step process 1) Transfer from TN to another states plan that allows change of ownership 2) Change owner. Good luck. I agree this stuff is WAY too complicated. Hea...
by CRTR
Thu Jan 16, 2020 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: 529 rollover/ownership change question
Replies: 9
Views: 591

Re: 529 rollover/ownership change question

You can not rollover a 529 account with one owner to another owner. If the current owner has a plan that does not allow a change of ownership. Use the following process: The current owner opens a 529 account with the same beneficiary at a plan that allows a change of ownership. Preferably at the pl...
by CRTR
Wed Jan 15, 2020 11:38 pm
Forum: Personal Finance (Not Investing)
Topic: 529 rollover/ownership change question
Replies: 9
Views: 591

Re: 529 rollover/ownership change question

The ability to change ownership in a 529 plan is plan-specific and is governed by the rules of each state. See the link below. If you scroll down you will see that some state allow it and others do not. Going down to TN, i see that TN does not allow change of ownership. This is a state regulation, ...
by CRTR
Wed Jan 15, 2020 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: 529 rollover/ownership change question
Replies: 9
Views: 591

529 rollover/ownership change question

Hope I can get steered in the right direction or get the answer. I called Vanguard today and received 2 different answers (after ~25 years with Vanguard, I've just about had it with them -- another post for another day)... Here is the situation: my girlfriend is the owner of a 529 plan at Vanguard. ...
by CRTR
Sun Jan 05, 2020 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Estate Planning
Replies: 22
Views: 3171

Re: Estate Planning

It's often the other way around. We often look for out-of-state trustees. Some states, such as New York and New Jersey, tax a trust that's created by a resident, except if there's no trustee in the state, no real or tangible property in the state, and no income from sources in that state. As a resu...
by CRTR
Fri Jan 03, 2020 3:07 pm
Forum: Personal Investments
Topic: Do I need three bond funds?
Replies: 12
Views: 864

Re: Do I need three bond funds?

Here's my two cents . . . . . my Mom used to be in PAS. Her advisor had her using 4 bond funds: total bond, total international bond, intermediate and short term investment grade. The investment grade bond choices surprised me a bit. I spoke with her CFP and his rationale for choosing them over stan...
by CRTR
Thu Jan 02, 2020 12:38 pm
Forum: Personal Investments
Topic: Buying individual stocks as my “index” fund
Replies: 44
Views: 2474

Re: Buying individual stocks as my “index” fund

Here's a nice little discussion the math supporting Index Fund over individual stocks ownership. Bottom line, unless you own all the stocks in an index or don't believe in market efficiency, you're going to lose. https://www.advisorperspectives.com/articles/2019/12/02/the-myth-of-overdiversification
by CRTR
Sun Dec 29, 2019 9:19 am
Forum: Personal Investments
Topic: Is there any way to setup automatic investing with ETF's?
Replies: 26
Views: 1893

Re: Is there any way to setup automatic investing with ETF's?

Is there a way to setup automatic investing into an ETF like VTI? I want to dollar cost average monthly into VTI, but I didn't see an option to do that with an ETF as I can with the mutual fund VTSAX. Thanks. No there isn’t. Using the Google search bar will reveal prior threads on this. Cheers Yes,...
by CRTR
Sat Dec 28, 2019 11:54 am
Forum: Personal Investments
Topic: Finally -- Dimensional Fund Advisors makes unprecedented slash of fee
Replies: 4
Views: 509

Re: Finally -- Dimensional Fund Advisors makes unprecedented slash of fee

This was posted earlier and "slash" is hype. The itty bitty amount of fee reduction probably mostly comes from the same expenses divided by the organic growth of the assets just from the stock markets going up 20% to 30% in 2019, but only after they paid everybody big bonuses. Sorry I missed the ot...
by CRTR
Sat Dec 28, 2019 11:35 am
Forum: Personal Investments
Topic: Finally -- Dimensional Fund Advisors makes unprecedented slash of fee
Replies: 4
Views: 509

Finally -- Dimensional Fund Advisors makes unprecedented slash of fee

Looks like Dallmer has had a positive effect. Market forces probably also factored in here: I remember reading that DFA had significant net outflows in 2018. In this era of cost cutting, it's hard to justify higher ER funds, especially when superimposed on AUM fees. They still have a ways to go thou...
by CRTR
Fri Dec 27, 2019 9:03 am
Forum: Investing - Theory, News & General
Topic: 59.5 asset allocation
Replies: 24
Views: 2849

Re: 59.5 asset allocation

I'm 59, retired and at 40/60 now. I'm heavy on fixed income for now due to a Bulletshare and a CD ladder, which I'm using for Roth conversions and to fund living expenses through 2026.

My ultimate goal is ~60/40, for lack of any better ideas.
by CRTR
Sat Dec 21, 2019 1:49 pm
Forum: Personal Investments
Topic: Holding Vanguard IRA at Merrill Lynch
Replies: 10
Views: 624

Re: Holding Vanguard IRA at Merrill Lynch

I was thinking of moving my Vanguard IRA to Merrill Lynch EDGE (self-directed account) where I also have a managed brokerage account. The IRA is all Vanguard funds and I would keep them all Vanguard. I am retired, not working, will not be adding new money to IRA just re-allocating and will soon sta...
by CRTR
Sat Dec 21, 2019 11:07 am
Forum: Personal Investments
Topic: Retirement Financial Assessment site
Replies: 4
Views: 603

Re: Retirement Financial Assessment site

This will keep you busy for a while! There are a bunch of them; unfortunately, not one is perfect. I recently retired and trialed as many as I could find. Following is a list or sites I think you two should check out. The one (or two or three) you choose will depend on your needs and interface prefe...
by CRTR
Wed Dec 18, 2019 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Health Insurance during retirement
Replies: 28
Views: 2775

Re: Health Insurance during retirement

here's a nice way of looking at it . . . if you can handle his verbosity . . .

https://www.kitces.com/blog/vanguard-me ... ojections/
by CRTR
Sun Dec 01, 2019 10:09 am
Forum: Personal Investments
Topic: Asset Allocation... never been in recession / don’t need the money
Replies: 13
Views: 1362

Re: Asset Allocation... never been in recession / don’t need the money

I’ve never been through a recession so I don’t have real data for how I may react in a down market. I also don’t need the money any time soon - at least for another 20-30 years if I retire early. Not sure where this way of thinking came from. I see it a lot on BH. Historically, "recessions" have ve...
by CRTR
Fri Nov 29, 2019 2:33 pm
Forum: Personal Investments
Topic: Invest cash in conservative manner until next recession
Replies: 119
Views: 10770

Re: Invest cash in conservative manner until next recession

historically, "recessions" have very little, if any, predictable effect on market performance. Why do you think things will be different with the next recession?

https://awealthofcommonsense.com/2015/0 ... ecessions/
by CRTR
Thu Nov 28, 2019 9:35 am
Forum: Personal Investments
Topic: Vanguard Life Strategy Moderate Growth
Replies: 18
Views: 1982

Re: Vanguard Life Strategy Moderate Growth

livesoft wrote:
Thu Nov 28, 2019 6:26 am
The only con is perhaps tax efficiency if held in a taxable account, but basically there are only pros. We own this fund in an inherited IRA. I would not pay a tax cost to switch, but I do recommend it.
+1
by CRTR
Tue Nov 26, 2019 5:30 pm
Forum: Personal Investments
Topic: I would like to add a SCV tilt in International. What's the best ETF with low E.R.?
Replies: 22
Views: 2524

Re: I would like to add a SCV tilt in International. What's the best ETF with low E.R.?

here's another thread that discusses this and goes over some of the trading issues when investing in this market segment:

viewtopic.php?f=1&t=295860&sid=4f6ebf02 ... 8e6c0388bf
by CRTR
Tue Nov 26, 2019 12:25 pm
Forum: Personal Investments
Topic: Targeting International Small Cap Value
Replies: 30
Views: 2120

Re: Targeting International Small Cap Value

It's definitely worth pointing out that the likelihood of eating the spread when buying avantis ETFs is very high. I think I've only avoided it once in six or so trades. If you were selling, I bet you could trade in the middle since the ETFs are getting net inflows right now. The market maker is go...
by CRTR
Tue Nov 26, 2019 10:33 am
Forum: Personal Investments
Topic: Targeting International Small Cap Value
Replies: 30
Views: 2120

Re: Targeting International Small Cap Value

batman2020 wrote:
Tue Nov 26, 2019 9:20 am

Is there any info I could review on the best methods for placing limit orders on ETF's? I'm fairly new to this, thanks in advance.
here's another link for you. I found this particularly helpful!
https://www.vanguard.com/pdf/ISGETF.pdf