Search found 3110 matches

by Dale_G
Wed Sep 13, 2017 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Turned down for umbrella insurance
Replies: 57
Views: 7205

Re: Turned down for umbrella insurance

skeptical wrote:
Wed Sep 13, 2017 10:19 am
..... I have a clean credit history, driving history, and have made almost no claims for house/auto.
My color - The "almost no claims" might be part of the problem, depending on the frequency and number of claims.

Dale
by Dale_G
Tue Sep 12, 2017 7:55 pm
Forum: Investing - Help with Personal Investments
Topic: Late starters trying to reduce skew between taxable & tax deferred
Replies: 21
Views: 3109

Re: Late starters trying to reduce skew between taxable & tax deferred

You might look at a low cost variable annuity such as is available from Vanguard, especially if you believe you might be in a lower tax bracket and/or move to a lower tax state on retirement. Only bonds/REITs belong there and you need a long time horizon to overcome the slightly higher expenses. Ski...
by Dale_G
Sun Sep 10, 2017 9:48 pm
Forum: Investing - Theory, News & General
Topic: Recent Hurricanes Provide Good Lesson For Investors
Replies: 30
Views: 5522

Re: Recent Hurricanes Provide Good Lesson For Investors

Not that I want to profit from disasters, but my timber REIT is doing very well. Meanwhile I am listening to the wind howl due to Irma.

Take care folks.

Dale
by Dale_G
Sat Sep 09, 2017 7:09 pm
Forum: Investing - Help with Personal Investments
Topic: Sell deceased's "wrong-state" muni bonds?
Replies: 27
Views: 2509

Re: Sell deceased's "wrong-state" muni bonds?

You have asked for advice - and I hope you will get what you are looking for. But in return, please help educate us by revealing why the bonds do not receive a stepped up basis.

Thanks,

Dale
by Dale_G
Fri Sep 08, 2017 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: Paying Taxes Quarterly
Replies: 21
Views: 2636

Re: Paying Taxes Quarterly

dcop - there are no penalties for over paying - or over withholding. Instead of filing quarterly estimated taxes however, consider having taxes withheld from your tax deferred distributions. If you have taxes withheld the IRS treats them as being paid uniformly throughout the tax year. You could ski...
by Dale_G
Mon Sep 04, 2017 2:32 pm
Forum: Investing - Theory, News & General
Topic: Fixed Income: Percentage Of Portfolio Or Specific $ Amount?
Replies: 21
Views: 3176

Re: Fixed Income: Percentage Of Portfolio Or Specific $ Amount?

A little over a year ago I decided to "cap" my bond holdings at a fixed number of dollars. That number is far in excess of any semi-reasonable spending need. At my age, I won't bother to adjust the number for inflation. My equity portion of the portfolio is presently 72%. Given reasonable bond and e...
by Dale_G
Sun Sep 03, 2017 4:19 pm
Forum: Investing - Help with Personal Investments
Topic: Top Hat vs taxable dilemma
Replies: 12
Views: 1811

Re: Top Hat vs taxable dilemma

My simple Google search for Top Hat losses due to employer failure comes up with nothing. I am sure there have been some losses, but they must have been rare. I was very happy to participate in the Top Hat plan at my company - a large two person partnership . In some years I deferred more than 70% o...
by Dale_G
Sat Sep 02, 2017 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Disclaiming Multiple IRAs
Replies: 14
Views: 1398

Re: Disclaiming Multiple IRAs

celia wrote:
Sat Sep 02, 2017 4:51 pm
Funds B and C would be split equally among the contingent beneficiaries of the original account.
For clarification: Funds B and C would be split according to the percentages allocated to each of the contingent beneficiaries, not necessarily equally.

Dale
by Dale_G
Fri Sep 01, 2017 7:16 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard - How to combine spouse accounts
Replies: 28
Views: 5901

Re: Vanguard - How to combine spouse accounts

Just tell the rep you want to "gift" the shares to your wife, they should be able to understand that. No tax consequences.

Make sure you do not sell the shares and move the cash - that would have tax consequences.
by Dale_G
Sun Aug 27, 2017 3:11 pm
Forum: Investing - Help with Personal Investments
Topic: approaching 70, and a totally new situation.
Replies: 31
Views: 4781

Re: approaching 70, and a totally new situation.

celia wrote:
Sun Aug 27, 2017 1:55 pm
This philosophy also holds for the pension and SS. You never paid taxes on the money you contributed, so the monthly benefits you receive will have to be shared with Uncle Sam.
The SS "contributions" are in fact after tax.

Dale
by Dale_G
Sat Aug 26, 2017 12:19 pm
Forum: Investing - Theory, News & General
Topic: The Unsolvable Puzzle by Morgan Housel
Replies: 11
Views: 2221

Re: The Unsolvable Puzzle by Morgan Housel

Definitely a thought provoking piece of work. Time moves on.

Dale
by Dale_G
Fri Aug 25, 2017 4:08 pm
Forum: Investing - Help with Personal Investments
Topic: Dan Wiener Independent Advisor for Vanguard Investors
Replies: 45
Views: 15158

Re: Dan Wiener Independent Advisor for Vanguard Investors

Since target date funds are a "fund of funds", they will always have a higher expense ratio than creating one yourself. There is no added expense for Vanguard Target Date funds beyond that due to the underlying funds. The TD funds do use the slightly higher cost Investor class of funds rather than ...
by Dale_G
Sun Aug 20, 2017 5:20 pm
Forum: Investing - Theory, News & General
Topic: too much money in indexes?
Replies: 19
Views: 4471

Re: too much money in indexes?

When you see more than 50% active funds consistently beating an appropriate index after fees, the tide will turn . I will then join the active crowd. I don't see that happening anytime soon.

Dale
by Dale_G
Wed Aug 16, 2017 4:39 pm
Forum: Investing - Help with Personal Investments
Topic: LifeStrategy for all taxable
Replies: 8
Views: 997

Re: LifeStrategy for all taxable

The yield of the LifeStrategy Moderate Growth fund is just a bit more than 2%. That translates into a current income of about $12,000. If this is your only income, you will not have any tax obligation now - and probably not well into the future.

Have fun,

Dale
by Dale_G
Wed Aug 16, 2017 4:31 pm
Forum: Investing - Help with Personal Investments
Topic: Do you manage your asset allocation like a Target Fund?
Replies: 23
Views: 3136

Re: Do you manage your asset allocation like a Target Fund?

No downward glide path here. Five years ago I modified my IPS to allow our equity allocation to rise - with only partial re-balancing along the way. A bit more than a year ago, I further modified the IPS to cap bonds at a maximum dollar amount - an amount that is far beyond what I ever expect to use...
by Dale_G
Tue Aug 15, 2017 6:01 pm
Forum: Investing - Help with Personal Investments
Topic: Active vs. Passive Bond Fund
Replies: 8
Views: 1396

Re: Active vs. Passive Bond Fund

I don't have a problem with l ow cost actively managed bond funds. Only about 20% of my bonds are indexed: Total Bond Market (VBTLX) + emerging market bonds (VWOB and PCY). The 80% consists of: Short Term Investment Grade (VFSUX), High Yield (VWEAX), Core Bond (VCOBX), and Intermediate and Long Term...
by Dale_G
Fri Aug 11, 2017 11:28 pm
Forum: Investing - Help with Personal Investments
Topic: AA, IPS. Tinkering trap?
Replies: 11
Views: 1384

Re: AA, IPS. Tinkering trap?

So after two months, the cold hard reality of what you have written is sinking in :D . I think a revision is perfectly okay. You need to be comfortable with your IPS, and it is very reasonable to make minor tweaks until you really believe it is something you can live with. But after a few tweaks, yo...
by Dale_G
Wed Aug 09, 2017 4:12 pm
Forum: Investing - Help with Personal Investments
Topic: Did I mess up? Transferred some of bro's trust money into his Roth IRA
Replies: 4
Views: 1021

Re: Did I mess up? Transferred some of bro's trust money into his Roth IRA

In this case, "transfers" = "distributions". The money has been moved out of the trust.
by Dale_G
Fri Aug 04, 2017 4:12 pm
Forum: Investing - Help with Personal Investments
Topic: switching to vanguard from a financial advisor
Replies: 6
Views: 793

Re: switching to vanguard from a financial advisor

To reinforce the point: livesoft is correct. Your relatives can transfer the DFA funds "in kind" to Vanguard and keep them. They just can't buy any more. The easy solution, keep the DFA funds and no tax ramifications. Use new money to buy Vanguard funds or ETFs.

Dale
by Dale_G
Mon Jul 24, 2017 12:38 pm
Forum: Investing - Help with Personal Investments
Topic: Rich kid want to transfer stock to parents, good or bad idea ?
Replies: 25
Views: 4181

Re: Rich kid want to transfer stock to parents, good or bad idea ?

I think it is a perfectly good idea for your son to make gifts to you. Likely lower family taxes on investment returns in the short term. And anything left over in a taxable account after you pass can be returned to him with a stepped up basis.

Dale
by Dale_G
Sat Jul 22, 2017 12:55 pm
Forum: Investing - Theory, News & General
Topic: Fraud???
Replies: 15
Views: 3082

Re: Fraud???

Did you look at your profile to see if anything changed?

Log in - hover over "my accounts" - select "account maintenance" and then check each of your profile items.

Dale
by Dale_G
Wed Jul 19, 2017 8:13 pm
Forum: Investing - Theory, News & General
Topic: Most Americans don't trust financial advisers
Replies: 64
Views: 8202

Re: Most Americans don't trust financial advisers

A couple years back, I had a session with a Vanguard financial advisor to setup a plan for me. He recommended that I sell all individual stocks and invest instead with Vanguard mutual funds. Made me wonder. Was this truly a better financial plan, or was he trying to move assets from ones that don't...
by Dale_G
Wed Jul 19, 2017 7:43 pm
Forum: Investing - Help with Personal Investments
Topic: Ameriprise Variable Annuity - Sell now or wait?
Replies: 3
Views: 769

Re: Ameriprise Variable Annuity - Sell now or wait?

All in, your annuity fees probably exceed 2% per year. If you "move" the proceeds of the annuity to a Vanguard IRA, it will cost you 1% in surrender charges, but you will save 1% in fees for the balance of the year. Pretty much a wash. So do it now and get it over with. In the long term you are like...
by Dale_G
Mon Jul 10, 2017 3:44 pm
Forum: Investing - Help with Personal Investments
Topic: Looking ahead on my RMD in Nov. or Dec. 2017
Replies: 9
Views: 1395

Re: Looking ahead on my RMD in Nov. or Dec. 2017

Makes total sense tuffy. When I retired in 2001 my IRA was about twice the size of my taxable account. The taxable account was all equities - the IRA was about a 50/50 split equities/bonds. I didn't need to spend the RMDs when they started, so I took the RMDs from equity - and after taxes withheld, ...
by Dale_G
Sat Jul 08, 2017 10:56 pm
Forum: Personal Finance (Not Investing)
Topic: Annuity Strategies from Annuity Owners.....
Replies: 6
Views: 1454

Re: Annuity Strategies from Annuity Owners.....

Broken - it is late at night for me but I wanted to provide a short response to your post. I am quite familiar with older Vanguard VAs and have annuitized two. Before doing anything, carefully read your contract in the "annuitization" section. Since yours is an older VA, you may find that that the g...
by Dale_G
Sat Jul 08, 2017 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: Closing Credit Cards - Advice on Oldest
Replies: 7
Views: 1027

Re: Closing Credit Cards - Advice on Oldest

Sometimes not much happens. A few years ago I closed an old AMEX Gold card and opened a AMEX Blue card as a replacement. I liked the 6% rebate for groceries (and drugs at the grocery store). Both TransUnion and Equifax show the Blue Card account as dating from October 1971 - the old Gold card start ...
by Dale_G
Sat Jul 08, 2017 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: How does fixed pension affect your target net worth?
Replies: 8
Views: 1689

Re: How does fixed pension affect your target net worth?

If you can sell your pension at its net present value, you can include it in your net worth. If you can't sell it, it is simply an income stream that lasts as long as you do. That said, an assured income stream may allow you to be somewhat more aggressive with the equity portion of the portfolio. Dale
by Dale_G
Fri Jul 07, 2017 10:14 pm
Forum: Investing - Theory, News & General
Topic: Retirement is Risky Business
Replies: 41
Views: 8344

Re: Retirement is Risky Business

Risk 20: Being taken to the cleaners by your Retirement Income Certified Professional risk

Dale
by Dale_G
Fri Jul 07, 2017 10:04 am
Forum: Investing - Theory, News & General
Topic: Vanguard Posts on Investment Process
Replies: 2
Views: 715

Re: Vanguard Posts on Investment Process

Annual client engagements: More than 1,400
A bit cryptic Paul, but I don't think it refers to individual investor "clients". Modern corporate newspeak in action.

Dale
by Dale_G
Wed Jun 28, 2017 2:10 pm
Forum: Investing - Theory, News & General
Topic: Taxes on I Series Bonds negate purchasing power protection?
Replies: 12
Views: 2213

Re: Taxes on I Series Bonds negate purchasing power protection?

Since the I Bond composite rate can never go below 0%, you'd outstrip inflation after taxes if you experienced a prolonged period of DEflation. The greater the deflation rate and longer the deflation period, the higher the after-tax REAL return would be on the I Bonds. And, as was mentioned above, ...
by Dale_G
Sun Jun 25, 2017 2:05 pm
Forum: Personal Consumer Issues
Topic: can't logon to vanguard account [Website Down]
Replies: 92
Views: 6491

Re: Is Vanguard Website Down

allwin wrote:Clearing cookies fixed it for me.
It also worked for me - thanks for posting the instructions.

Dale
by Dale_G
Sat Jun 24, 2017 11:50 am
Forum: Personal Consumer Issues
Topic: can't logon to vanguard account [Website Down]
Replies: 92
Views: 6491

Re: Is Vanguard Website Down

Yeah - weird. I got the 404 error with Chrome, but Microsoft Edge worked. I expect Vanguard has some IT guys working on the weekend and they will fix it.

Dale
by Dale_G
Fri Jun 23, 2017 9:49 pm
Forum: Investing - Theory, News & General
Topic: Good Article on Bubbles and Staying the Course
Replies: 27
Views: 4357

Re: Good Article on Bubbles and Staying the Course

I enjoyed the article - a little different perspective on the formation of bubbles.

Dale
by Dale_G
Mon Jun 19, 2017 3:57 pm
Forum: Investing - Theory, News & General
Topic: "Find out if your fund is declaring a quarterly dividend in June."
Replies: 32
Views: 6413

Re: "Find out if your fund is declaring a quarterly dividend in June."

Since many funds share the same board of directors, the directors must be very busy figuring out the dividends from say 11:30 pm to a few seconds before midnight. :D

Dale
by Dale_G
Sat Jun 17, 2017 5:17 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard High-Yield Corporate Fund Investor Shares VWEHX
Replies: 47
Views: 6988

Re: Vanguard High-Yield Corporate Fund Investor Shares VWEHX

How much money would you have to put in VWEHX to supply $400/month, indexed to inflation, for an indefinite period? Would this be uniquely less than the investment required using any variety of other investments? How many investments might be suggested that most likely could produce that result wit...
by Dale_G
Tue Jun 13, 2017 9:53 pm
Forum: Investing - Theory, News & General
Topic: Discrepancy in Reported Fund Price - What to Do?
Replies: 13
Views: 1615

Re: Discrepancy in Reported Fund Price - What to Do?

Not just one month. My accounts are fine, but for one Total Bond Market (Admiral) account I informally "advise", the reinvest price was $11.01 for each month from 06/30/16 through 04/28/17. Edit 06/14/17: Actually, all of the reinvested dividends purchased shares at the correct price on the day of t...
by Dale_G
Sat Jun 10, 2017 11:56 pm
Forum: Investing - Help with Personal Investments
Topic: Joint bank account w/parent or not?
Replies: 28
Views: 4126

Re: Joint bank account w/parent or not?

sport is correct - a Pay On Death or Transfer On Death designation on the account takes care of the succession issue. That said, one of my sons is a joint holder on a checking account maintained by my wife and I. The objective is for him to easily move money around for mom if I give up the ghost. So...
by Dale_G
Thu Jun 08, 2017 10:24 pm
Forum: Investing - Help with Personal Investments
Topic: Changing IRA to 3 fund - do I just do it all tonight?
Replies: 13
Views: 1610

Re: Changing IRA to 3 fund - do I just do it all tonight?

Moving money from one fund (or stock) to another in an IRA is not a taxable event.

Dale
by Dale_G
Thu Jun 08, 2017 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: Investing cash reserve
Replies: 16
Views: 2469

Re: Investing cash reserve

I am with willthrill. My last "emergency" was about 1965. I am glad I did not keep my EF in a very low yielding but "safe" place for the past 52 years.

Dale
by Dale_G
Thu Jun 08, 2017 3:15 pm
Forum: Investing - Help with Personal Investments
Topic: Best reinvestment timing for liquidated assets from a rollover?
Replies: 5
Views: 692

Re: Best reinvestment timing for liquidated assets from a rollover?

You were in the market - and temporarily out. There is no reason at all not to immediately go back to your original asset allocation - except market timing.

Dale
by Dale_G
Sun Jun 04, 2017 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: Adding beneficiaries to a non-retirement account
Replies: 14
Views: 1921

Re: Adding beneficiaries to a non-retirement account

TheJoker wrote:My approach was to set up a trust. My non-retirement assets are in a trust and I can change the trust at any time. Also the trust avoids probate (a high cost in California, as everything else.)

The Joker
Accounts with designated beneficiaries are also not subject to probate.

Dale
by Dale_G
Sun May 28, 2017 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: tax exempt bond funds
Replies: 25
Views: 2872

Re: tax exempt bond funds

So, the questions are: How much are the gains - and are they short or long term - and what is the tax damage? I agree with others that the durations of the Limited Term and Intermediate Term are significantly different enough so that you should match the duration (and hoped for return) to your needs...
by Dale_G
Sat May 27, 2017 3:07 pm
Forum: Investing - Theory, News & General
Topic: Why are capital gains taxed lower than div/interest?
Replies: 20
Views: 2280

Re: Why are capital gains taxed lower than div/interest?

So I bought $1,000 of ZYX stock in May of 1960. Yesterday I decided to sell it. It never paid dividends but the $1,000 investment had grown to $8,289. Wowee. Well, not wowee. The entire gain of $7,289 was due to inflation. A crappy investment with no real return, but the taxman wants their due. At a...
by Dale_G
Mon May 22, 2017 9:39 pm
Forum: Investing - Help with Personal Investments
Topic: Do you keep extra money available for investing
Replies: 37
Views: 4721

Re: Do you keep extra money available for investing

My really dry powder (cash equivalents) amounts to 0.5% of the portfolio. But I keep that only so I don't have to bother reconciling the checking account or pay any attention to credit card purchases. Otherwise I am fully invested. In the event that equities decline about 16% from here (and lower th...
by Dale_G
Sun May 21, 2017 12:34 am
Forum: Investing - Theory, News & General
Topic: Barclays Online Savings account increases their interest rates
Replies: 6
Views: 1546

Re: Barclays Online Savings account increases their interest rates

We are excited to let you know .... I am glad to know that someone is excited - but it isn't me. A big $5.00 annual increase for a $10,000 investment. Oops, make that about $3.20 after taxes. Not bad, only losing about 1.3% due to inflation. Actually, watching a mosquito learn to fly is a lot more ...
by Dale_G
Sun May 21, 2017 12:07 am
Forum: Investing - Help with Personal Investments
Topic: Need help deciding between 401k Intl fund or 401k brokerage Intl Fund
Replies: 4
Views: 539

Re: Need help deciding between 401k Intl fund or 401k brokerage Intl Fund

There is no need to keep both funds. The BlackRock fund includes emerging markets while the Vanguard Developed Markets fund does not. Stick with the BlackRock fund, there is no need to pay a fee to purchase VDIVX . The dividend issue is really a non-issue. In your regular 401k, the BlackRock accumul...
by Dale_G
Mon May 08, 2017 11:04 pm
Forum: Investing - Theory, News & General
Topic: Profit from country's collapse (ordinary investor)
Replies: 18
Views: 2448

Re: Profit from country's collapse (ordinary investor)

I own (indirectly) Venezuelan bonds through VWOB and PCY Emerging Market Debt ETFs - to the tune of a small domestic automobile. As of the 10/31/2016 annual reports, VWOB held 2.4% and PCY held 3.7% of their portfolios in Venezuela. The prospect of a gain or loss in a particular country is a drop in...
by Dale_G
Mon May 08, 2017 9:50 pm
Forum: Investing - Theory, News & General
Topic: TSP Investment Options questioned
Replies: 10
Views: 1409

Re: TSP Investment Options questioned

I think the idea is to take something simple and easy to understand - then add a bunch of stuff to it to make it complex and difficult to understand.

Drum roll! Time for a couple million federal workers to hire a financial advisor.

Dale
by Dale_G
Tue May 02, 2017 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: Car Warranty Lies
Replies: 32
Views: 5228

Re: Car Warranty Lies

Did you "review" the warranty - or actually read the terms and conditions. The answer will be in the contract. I hope you weren't misled, but the time to read the contract is before you sign it regardless of what a salesman tells you.

Dale
by Dale_G
Mon May 01, 2017 5:52 pm
Forum: Investing - Help with Personal Investments
Topic: Is NOW an okay time?
Replies: 15
Views: 2877

Re: Is NOW an okay time?

goblue100 - a very nice presentation. No telling what the future brings, but it should provide some confidence for those worried about investing at "all time highs".

Keep track of your post, I'm sure you will get a chance to recycle it many times in the future.

Dale