Search found 3021 matches

by Dale_G
Mon Feb 06, 2017 5:43 pm
Forum: Investing - Help with Personal Investments
Topic: Increased deferrals into NQ deferred comp, use taxable to pay off our house or pay monthly expenses?
Replies: 4
Views: 537

Re: Increased deferrals into NQ deferred comp, use taxable to pay off our house or pay monthly expenses?

Yes, the plan docs should tell all. But the rules have changed since I was involved. Your plan probably has a generic name (mine was a "Top Hat plan). I suggest you also do a Google search that may provide a less "legal" description of such plans that may help you interpret your documents.

Dale
by Dale_G
Sun Feb 05, 2017 6:45 pm
Forum: Investing - Theory, News & General
Topic: Ratio: Pain of Loss v. Happiness of Equal Size Gain
Replies: 22
Views: 1943

Re: Ratio: Pain of Loss v. Happiness of Equal Size Gain

For me it is highly non-linear. I am happy with a 20% increase, but don't care much about a 20% decline - that is when I automatically begin selling bonds and buying equities. At +/- 20% loss/gain I think I care about 0.2 for the loss and 2 for the gain. At +/- 30% loss/gain I am probably 1:1. At a ...
by Dale_G
Sat Feb 04, 2017 8:25 pm
Forum: Investing - Help with Personal Investments
Topic: Increased deferrals into NQ deferred comp, use taxable to pay off our house or pay monthly expenses?
Replies: 4
Views: 537

Re: Increased deferrals into NQ deferred comp, use taxable to pay off our house or pay monthly expenses?

40% to a NQ plan is pretty aggressive. I sometimes put 70% of gross in my plan, but it was late in my working years. It worked out okay. I deferred 42% in taxes and ended up paying 25% tax on the distributions. In my day there was a "springing trust" that activated if the company assets were reduced...
by Dale_G
Tue Jan 31, 2017 6:30 pm
Forum: Investing - Theory, News & General
Topic: Are you changing your AA based on current events?
Replies: 68
Views: 4363

Re: Are you changing your AA based on current events?

What is different today? War, declared or not?, political unrest?, pestilence? uncertainty everywhere? The situation is normal, nothing new here. As long as capitalism survives, I will maintain my AA. The "current events" are already known to everyone and the markets have adjusted the expectations f...
by Dale_G
Tue Jan 31, 2017 4:49 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones Guided Solutions Fees
Replies: 47
Views: 15057

Re: Edward Jones Guided Solutions Fees

New rules will soon be in force that require advisors to put the customer first with respect to retirement accounts. It is called "fiduciary responsibility". Jones will no longer be able to justify selling people the "loaded" funds where they presently earn most of their money. To keep the revenue g...
by Dale_G
Tue Jan 31, 2017 2:20 pm
Forum: Investing - Theory, News & General
Topic: Does credit risk show up at the wrong time? [A look at 89 years of corporate bond data]
Replies: 42
Views: 4298

Re: Does credit risk show up at the wrong time? [A look at 89 years of corporate bond data]

Thank you lack_ey. A very nice presentation. It is certain to arouse some conversation.

note: I own a very healthy amount of corporates.

Dale

edit: fixed spelling :annoyed
by Dale_G
Thu Jan 26, 2017 11:17 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard High-Yield Corp. Adm. VWEAX
Replies: 16
Views: 2968

Re: Vanguard High-Yield Corp. Adm. VWEAX

If you do hold this fund, count it as half stocks and half bonds in your asset allocation. It may have high returns in normal years, but it will probably lose about half as much as the stock market when the market crashes; this is what happened in 2008. I agree that junk may look like 50% equity du...
by Dale_G
Thu Jan 26, 2017 10:16 pm
Forum: Investing - Help with Personal Investments
Topic: All in VANGUARD is that ok??
Replies: 64
Views: 9448

Re: All in VANGUARD is that ok??

Except for a checking account and a few I bonds, everything is at Vanguard. I've been at Vanguard since 1982. I have no qualms.

Dale
by Dale_G
Tue Jan 24, 2017 1:54 am
Forum: Personal Finance (Not Investing)
Topic: TurboTax is playing games again.
Replies: 52
Views: 11732

Re: TurboTax is playing games again.

I have full confidence that TT Deluxe will handle my 1099Bs. But I also have full confidence that Intuit is a company that loves to be hated. They certainly seem to go out of their way to arouse disdain, frustration and anger.

Dale
by Dale_G
Mon Jan 23, 2017 11:38 am
Forum: Investing - Help with Personal Investments
Topic: % taxable bonds needed for rebalancing taxable equity?
Replies: 26
Views: 1907

Re: % bonds for rebalancing taxable equity rule of thumb?

Why not do your rebalancing in tax deferred accounts? This avoids any tax implications due to rebalancing in the taxable account.

Dale
by Dale_G
Mon Jan 23, 2017 12:30 am
Forum: Personal Finance (Not Investing)
Topic: HELP ! Letter from NY on State income tax
Replies: 22
Views: 2751

Re: HELP ! Letter from NY on State income tax

If the check was not cashed, something went awry. Maybe you, maybe them or maybe the post office (unlikely). But NY is not going to send a bunch of SWAT guys to bust down your doors at 2am. With a tax bill of <$50, the penalty and interest are likely to be minimal. Stuff happens. Pay up and put it b...
by Dale_G
Sat Jan 21, 2017 4:06 pm
Forum: Investing - Help with Personal Investments
Topic: Help w/ Detailed Equity Allocation
Replies: 4
Views: 535

Re: Help w/ Detailed Equity Allocation

The three fund portfolio is simple, but not simplistic. Unless you want to overweight large, mid or small caps, you are duplicating stuff that is already held in the Total Stock Market fund. If you really feel the need to have more funds, split the bond portion into whatever makes you happy.

Dale
by Dale_G
Thu Jan 19, 2017 11:14 pm
Forum: Investing - Help with Personal Investments
Topic: Robo-advisors vs Vanguard
Replies: 36
Views: 9687

Re: Robo-advisors vs Vanguard

Emergency fund: none. Debt: credit card debt of $3000, planning to pay off within the next couple months. Loans of $11k, paying in small amounts every month. Should I just not even think about investing at the moment given my situation and my plan to go back to school for 2 more years which will on...
by Dale_G
Thu Jan 19, 2017 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Part B costs
Replies: 14
Views: 1889

Re: Medicare Part B costs

Yup, a little confusing. This is the first year that my part B premium is different than my wife's. Spirit Rider provided an easy to understand explanation. Mystery solved.

Dale
by Dale_G
Sat Jan 14, 2017 10:35 pm
Forum: Investing - Help with Personal Investments
Topic: Dollar-Cost-Average over HOW MANY years?
Replies: 61
Views: 5221

Re: Dollar-Cost-Average over HOW MANY years?

If the OP is interested in the maximum return, the probability is that DCA should be done over 1/365th of a year. Sometimes this has to be delayed to the next day the market is open.

Dale
by Dale_G
Sat Jan 14, 2017 10:25 pm
Forum: Investing - Help with Personal Investments
Topic: Need advice for Vanguard fund choices for $1.6M
Replies: 19
Views: 2952

Re: Need advice for Vanguard fund choices for $1.6M

Duckie is on the money. Since you have children who will eventually inherit whatever you do not spend, bonds belong in tax deferred accounts to the extent possible and equities in taxable accounts to the extent possible. Forget about balanced funds in the taxable account, in your tax bracket you wil...
by Dale_G
Sat Jan 14, 2017 1:05 am
Forum: Personal Finance (Not Investing)
Topic: cruise around the world
Replies: 16
Views: 2184

Re: cruise around the world

very doable. The costs are higher these days, but the wife and I did a fair amount of cruising in retirement. One of our trips was 54 days - Europe, Africa, Antartica and South America. Another (forgot the number of days) - Australia, Asia, South America, North America. Both of the trips were less t...
by Dale_G
Sat Jan 14, 2017 12:41 am
Forum: Personal Finance (Not Investing)
Topic: Check image - illegible
Replies: 12
Views: 1782

Re: Check image - illegible

Next time use a pen with black ink - and not with a fine tip. In more than 60 years of writing checks, I have never had anyone claim that they had not received/cashed a check. While your original check has been destroyed, I believe that digital records exist that could track your check back to the a...
by Dale_G
Tue Jan 10, 2017 1:10 am
Forum: Investing - Help with Personal Investments
Topic: [403(b) Fidelity or TIAA Cref allocation, and do I want one?]
Replies: 137
Views: 6652

Re: EJ not [costing me as much as] others?

Stock markets go up and down from time to time, but investment expenses go on forever - or however long you are willing to put up with them.

Dale
by Dale_G
Tue Jan 10, 2017 12:26 am
Forum: Investing - Theory, News & General
Topic: How Bad was 2008, really?
Replies: 224
Views: 22415

Re: How Bad was 2008, really?

... snip...but for me the real fear would be the fear of stocks going down for like...decades. What is so scary about a 2 year blip? You hit the nail on the head. At the market low on March 9, 2009 the S&P 500 had declined 56.8% from the high on October 9, 2007 (dividends excluded). On March 9, 200...
by Dale_G
Mon Jan 09, 2017 12:20 am
Forum: Investing - Help with Personal Investments
Topic: Disadvantage of Tax loss harvesting
Replies: 65
Views: 4887

Re: Disadvantage of Tax loss harvesting

The oldest of my six figure tax losses were realized in 2008/2009. So far I have benefited from 7 years of reducing ordinary income by $3,000/yr. I have used up a bit of the tax loss carry-forward to rebalance from domestic to international. At 79 years old, I do not expect to use the entire balance...
by Dale_G
Tue Jan 03, 2017 12:48 am
Forum: Investing - Help with Personal Investments
Topic: Bonds go in taxable/
Replies: 13
Views: 3765

Re: Bonds go in taxable/

the whitecoatinvestor is comparing a Roth account to a taxable account. That is not the same situation as comparing a traditional IRA or 401k account to a taxable account. Yes, if you can stuff your equities into a Roth IRA or Roth 401k, it is ok, but not so if you are using a traditional IRA or tax...
by Dale_G
Fri Dec 30, 2016 1:11 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Plans and Tax Deferred investing - references
Replies: 25
Views: 2262

Re: Retirement Plans and Tax Deferred investing - references

Barefootgirl, a Google search on "Retirement Plans and Tax Deferred Investing" comes up with 929,000 hits, so there is a lot of ground to cover here. It will be easier for people to make suggestions if you can indicate what areas you are specifically interested in.

Dale
by Dale_G
Fri Dec 30, 2016 12:55 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard inherited annuity -- pay tax for it in 2016 or 2017
Replies: 8
Views: 838

Re: Vanguard inherited annuity -- pay tax for it in 2016 or 2017

It is the sell date that counts - not the date you actually receive the money.
by Dale_G
Wed Dec 28, 2016 11:39 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Tax-Exempt Bond Fund Wash Sale?
Replies: 4
Views: 763

Re: Vanguard Tax-Exempt Bond Fund Wash Sale?

Sufficiently different - otherwise known as "not substantially identical".
by Dale_G
Wed Dec 28, 2016 11:29 pm
Forum: Investing - Help with Personal Investments
Topic: IRA to ROTH Conversion in Advance of RMD
Replies: 14
Views: 1497

Re: IRA to ROTH Conversion in Advance of RMD

If mom has not made any after tax contributions to her IRA, the easy way to simulate the Traditional to Roth conversion in TurboTax is to simply enter the conversion dollars as a 1099-int. Since interest and the conversion dollars are taxed at the same rates, you will see exactly the same tax impact...
by Dale_G
Fri Dec 23, 2016 11:57 pm
Forum: Investing - Help with Personal Investments
Topic: How has Financial Independence changed your life?
Replies: 55
Views: 8197

Re: How has Financial Independence changed your life?

Financial independence is about freedom and being able to make choices rather than having choices made for you. My choice is to make things easy. I enjoy the investing experience but have no interest on the spending side. All of our bills are on autopay (except the IRS). I haven't kept a check regis...
by Dale_G
Fri Dec 23, 2016 11:15 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard transfer nightmare....
Replies: 35
Views: 4254

Re: Vanguard transfer nightmare....

Nobody likes to pay $1,000 in fees, but the OP has to look at the bigger picture. 1. What would it have cost to sell the funds at US Bank versus Vanguard? 2. How much will be be saved in fees at Vanguard versus US Bank in the coming years? My guess is that even with the Vanguard fees to exchange out...
by Dale_G
Thu Dec 22, 2016 1:02 am
Forum: Investing - Help with Personal Investments
Topic: How is your all-up money distributed
Replies: 6
Views: 1218

Re: How is your all-up money distributed

5% of my net worth is in my paid off home, the rest is in the market. I did the real estate thing in 1960-1990 with multi-family apartments. The real estate was okay, but it was a lot more work than passive investing. Be careful with your choices, you may have to live with them for a long time. Dale
by Dale_G
Sun Dec 18, 2016 12:43 am
Forum: Investing - Help with Personal Investments
Topic: Fidelity ERs - Look Into Your Crystal Ball
Replies: 21
Views: 2080

Re: Fidelity ERs - Look Into Your Crystal Ball

Fidelity has been cost competitive with Vanguard for the past 15 years. The only real difference is they now have a far broader selection of funds, but still somewhat smaller than Vanguard. Fidelity does have cost competitive equity index funds today, but for most of the past 15 years their typical...
by Dale_G
Wed Dec 14, 2016 10:47 am
Forum: Investing - Help with Personal Investments
Topic: TLH Question
Replies: 3
Views: 469

Re: TLH Question

The short term tax exempt fund is not "substantially identical" to the funds that were sold. There will be no wash sale due to the purchase of the short term fund.

Dale
by Dale_G
Tue Dec 13, 2016 5:53 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable Account Investing
Replies: 14
Views: 3849

Re: Taxable Account Investing

First, unless your parents are very well off, I suggest you start paying "rent". It might be a hard sell, but unless they use it, it will probably return to you with a stepped up basis at a later date - hopefully much later. I am an advocate for equities in taxable at your presumed tax rate. Come RM...
by Dale_G
Sun Dec 11, 2016 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: Home Office/Mileage question (Self-Employed)
Replies: 3
Views: 593

Re: Home Office/Mileage question (Self-Employed)

3. I also do a little bit of 1099 tutoring at the same tutoring center, but after my FT job. So my daily commute those days would look like : home-> W2 work -> 1099 tutoring ->home. So if I were to start logging my mileage from W2 job to 1099 job, can I deduct mileage on that leg of the trip? The s...
by Dale_G
Sun Dec 11, 2016 1:12 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio review; seeking to leave financial advisors
Replies: 20
Views: 2321

Re: Portfolio review; seeking to leave financial advisors

Congratulations. You have made the right decision.

Dale
by Dale_G
Wed Dec 07, 2016 11:32 pm
Forum: Investing - Theory, News & General
Topic: article of interest regarding Vanguard as a monopoly
Replies: 27
Views: 3531

Re: article of interest regarding Vanguard as a monopoly

I don't often take the time to quarrel with academics. I am retired, but they have more time on their hands than I do.
This growing power has undercut middle-class living standards.
No substantiation, no data , nothing. A stupid article.

Dale
by Dale_G
Tue Dec 06, 2016 11:54 am
Forum: Investing - Help with Personal Investments
Topic: Another "emergency fund in muni bonds" question...
Replies: 14
Views: 1922

Re: Another "emergency fund in muni bonds" question...

It is a perfectly good idea. I am sure you have adequate cash flow to take care of a broken dishwasher without resorting to your emergency fund.

My last "emergency" that couldn't be fixed with a checking account was in 1962.

Dale
by Dale_G
Mon Dec 05, 2016 6:43 pm
Forum: Investing - Help with Personal Investments
Topic: HDVest fees
Replies: 4
Views: 1068

Re: HDVest fees

Almost all of the time the fund expenses are taken from the dividends if the dividends are high enough, but the net effect is the same. The investor's returns are reduced by the amount of the underlying fund expenses. Hopefully your friend can be convinced to look at the costs - and her foregone ret...
by Dale_G
Mon Dec 05, 2016 4:21 pm
Forum: Investing - Help with Personal Investments
Topic: HDVest fees
Replies: 4
Views: 1068

Re: HDVest fees

It may be that the "advisor" is actually someone different, but operating under the HD Vest umbrella. That said, it is very unlikely that the 1.7% fee shown on the report includes the underlying expenses of the funds in the portfolio. Unfortunately, it looks like your friend is paying total fees of ...
by Dale_G
Sun Dec 04, 2016 11:53 pm
Forum: Investing - Theory, News & General
Topic: Vanguard ETFs Less Tax Efficient Than Other ETFs?
Replies: 37
Views: 4506

Re: Vanguard ETFs Less Tax Efficient Than Other ETFs?

Maybe i missed it, but Vanguard index funds should be less tax efficient than a fund that tracks the same index - if that fund has a higher expense ratio. The expenses of running (all or almost all) funds are taken from the dividends paid by the underlying shares owned by the funds. Suppose we are c...
by Dale_G
Sun Dec 04, 2016 11:08 am
Forum: Investing - Help with Personal Investments
Topic: Adjust Bond Holdings?
Replies: 8
Views: 950

Re: Adjust Bond Holdings?

Offshore wrote: ... snip ... #2) Vanguard's website specifically recommends short term holdings across the board, in all bond categories.
Short term across the board? Where do you see this?

Dale
by Dale_G
Sat Dec 03, 2016 4:00 pm
Forum: Investing - Help with Personal Investments
Topic: What happens to my ROTH IRA with Betterment when my green card expires?
Replies: 11
Views: 1905

Re: What happens to my ROTH IRA with Betterment when my green card expires?

Note: niner, you would not be able to make IRA contributions in 2018 and beyond. Contributions can only be made to the extent you have US based employment income.

Dale
by Dale_G
Wed Nov 30, 2016 12:34 am
Forum: Investing - Help with Personal Investments
Topic: Financial Adviser Advice-FormulaFolios
Replies: 27
Views: 4264

Re: Financial Adviser Advice-FormulaFolios

kfk, I am definitely not an expert, but it is generally it is not a good idea to buy a product that claims to combine insurance with any investment aspect. Insurance and investments are two totally different things. If you need/want insurance, buy it. If you need or want to invest, then do that, but...
by Dale_G
Sun Nov 27, 2016 5:34 pm
Forum: Investing - Help with Personal Investments
Topic: Setting stop loss orders on mutual funds
Replies: 11
Views: 2006

Re: Setting stop loss orders on mutual funds

P.S. Consider the following strategy. Go to the casino. Keep playing until it is either a) the end of the day, or b) you have lost 5% of the money you came with (to mimic a "stop-loss" order). Do you believe this is a guaranteed strategy that is sure to make money in the long run? If you think it i...
by Dale_G
Sun Nov 27, 2016 5:34 pm
Forum: Investing - Help with Personal Investments
Topic: Setting stop loss orders on mutual funds
Replies: 11
Views: 2006

Re: Setting stop loss orders on mutual funds

P.S. Consider the following strategy. Go to the casino. Keep playing until it is either a) the end of the day, or b) you have lost 5% of the money you came with (to mimic a "stop-loss" order). Do you believe this is a guaranteed strategy that is sure to make money in the long run? If you think it i...
by Dale_G
Sun Nov 27, 2016 5:33 pm
Forum: Investing - Help with Personal Investments
Topic: Setting stop loss orders on mutual funds
Replies: 11
Views: 2006

Re: Setting stop loss orders on mutual funds

P.S. Consider the following strategy. Go to the casino. Keep playing until it is either a) the end of the day, or b) you have lost 5% of the money you came with (to mimic a "stop-loss" order). Do you believe this is a guaranteed strategy that is sure to make money in the long run? If you think it i...
by Dale_G
Sun Nov 27, 2016 5:32 pm
Forum: Investing - Help with Personal Investments
Topic: Setting stop loss orders on mutual funds
Replies: 11
Views: 2006

Re: Setting stop loss orders on mutual funds

P.S. Consider the following strategy. Go to the casino. Keep playing until it is either a) the end of the day, or b) you have lost 5% of the money you came with (to mimic a "stop-loss" order). Do you believe this is a guaranteed strategy that is sure to make money in the long run? If you think it i...
by Dale_G
Fri Nov 25, 2016 5:48 pm
Forum: Investing - Help with Personal Investments
Topic: More terror for newbies planning to TLH muni funds
Replies: 11
Views: 3198

Re: More terror for newbies planning to TLH muni funds

For most investors in the 25% (ordinary income) Federal tax bracket and higher, long term capital gains are taxed at a rate of 15% - not the 25% tax rate for wages, interest, etc. So the tax is 15% of the 4 cent capital gain distribution - or about 0.6 cents per share.

Dale
by Dale_G
Fri Nov 25, 2016 5:36 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Ohio Tax-Exempt Money Market Fund being liquidated
Replies: 5
Views: 1393

Re: Vanguard Ohio Tax-Exempt Money Market Fund being liquidated

Just sit tight for more news. Your money will not disappear. The national tax exempt MM fund is probably a good option for you, but for now you need to do nothing.

Dale