Search found 1727 matches

by retiringwhen
Wed Feb 19, 2020 10:55 pm
Forum: Investing - Theory, News & General
Topic: xkcd on stock picking
Replies: 27
Views: 3494

Re: xkcd on stock picking

The part about dropping the truly bad ones from your index fund - don't index funds do this automatically at some point anyway, like when the share price goes below a dollar or whatever that stock gets dropped? If that's how it works, then following the cartoon's scheme, you'd be dropping stocks th...
by retiringwhen
Wed Feb 19, 2020 10:50 pm
Forum: Investing - Theory, News & General
Topic: xkcd on stock picking
Replies: 27
Views: 3494

Re: xkcd on stock picking

Folks who don't know, there is a "punch line" on every comment in the tooltip for the image.

This one's punch line is:
On the news a few days later: "Buzz is building around the so-called 'camping Roomba' after a big investment. Preorders have spiked, and...
by retiringwhen
Wed Feb 19, 2020 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Had a baby and received generous check from her great grandparents. Now what?
Replies: 157
Views: 11644

Re: Had a baby and received generous check from her great grandparents. Now what?

Of course there are trade-offs. A relative who is not comfortable making an unrestricted gift that an infant will gain control of at the age of majority should not be writing a check made out to the infant. But in the OP's situation as described in this thread, that's what happened. The two options...
by retiringwhen
Wed Feb 19, 2020 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Had a baby and received generous check from her great grandparents. Now what?
Replies: 157
Views: 11644

Re: Had a baby and received generous check from her great grandparents. Now what?

Of course there are trade-offs. A relative who is not comfortable making an unrestricted gift that an infant will gain control of at the age of majority should not be writing a check made out to the infant. But in the OP's situation as described in this thread, that's what happened. The two options...
by retiringwhen
Wed Feb 19, 2020 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Had a baby and received generous check from her great grandparents. Now what?
Replies: 157
Views: 11644

Re: Had a baby and received generous check from her great grandparents. Now what?

No solution can replace fundamental trust either in living relationships or beyond the grave. Perhaps, but a least with a custodial/UTMA 529 account, the custodian will not be allowed to change the beneficiary. Trust but verify. The ability to change the beneficiary is a major benefit. In my case i...
by retiringwhen
Wed Feb 19, 2020 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Had a baby and received generous check from her great grandparents. Now what?
Replies: 157
Views: 11644

Re: Had a baby and received generous check from her great grandparents. Now what?

The problem here is that a gift that is specifically intended for one certain individual that is placed in a conventional 529 account (that is, not a custodial/UTMA 529) can easily be used for the benefit of someone else simply by changing the account beneficiary, thereby thwarting the intent of th...
by retiringwhen
Wed Feb 19, 2020 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Had a baby and received generous check from her great grandparents. Now what?
Replies: 157
Views: 11644

Re: Had a baby and received generous check from her great grandparents. Now what?

That's interesting, as it goes against my understanding that a gift/transfer to a UGMA/UTMA account cannot be altered, emended or revoked. However, as pointed out in the article quoted, there is an easy way to avoid the scenario where the assets in a UCMA/UTMA account are included in the estate of ...
by retiringwhen
Wed Feb 19, 2020 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Had a baby and received generous check from her great grandparents. Now what?
Replies: 157
Views: 11644

Re: Had a baby and received generous check from her great grandparents. Now what?

From a Federal Estate Tax perspective, the UTMA is included in this case, and from a state perspective, I can only speak to NJ, and it is included in NJ (based upon experience, I am not a tax or estate planning lawyer). Note, I did mention that is varies by state as with so much of this area of law...
by retiringwhen
Wed Feb 19, 2020 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Had a baby and received generous check from her great grandparents. Now what?
Replies: 157
Views: 11644

Re: Had a baby and received generous check from her great grandparents. Now what?

There are two options available to the great-grandparents. 1.) As suggested above, write a check to the baby's 529 setup by a parent, with the parent as a trustee. 2.) Open a 529 in baby's name, with a great-grand parent as trustee. Set the Success Trustee to one of the baby's parents. When the gra...
by retiringwhen
Wed Feb 19, 2020 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Had a baby and received generous check from her great grandparents. Now what?
Replies: 157
Views: 11644

Re: Had a baby and received generous check from her great grandparents. Now what?

And what if the custodian is not the donor, what if the custodian is actually acting just as the custodian and there were multiple donors where all gifts were concentrated into just one singular UTMA account? Unless we are talking about high six figures, seven figures; these potential concerns will...
by retiringwhen
Wed Feb 19, 2020 8:34 am
Forum: Personal Consumer Issues
Topic: Potential sue - Loss of money
Replies: 128
Views: 12416

Re: Potential sue - Loss of money

Listen to Sandrap, get a lawyer NOW and don't talk to the neighbor. The warning shots have been fired, you need to be prepared.
by retiringwhen
Wed Feb 19, 2020 8:29 am
Forum: Personal Finance (Not Investing)
Topic: Had a baby and received generous check from her great grandparents. Now what?
Replies: 157
Views: 11644

Re: Had a baby and received generous check from her great grandparents. Now what?

Having the grandfather fund the 529 directly is likely the best approach. It's the newborn's great-grandparents, which makes that option problematic, I think. They need to be both alive and cognizant (or have someone with power of attorney) to handle distribution 18 or more years from now. If they ...
by retiringwhen
Tue Feb 18, 2020 12:23 pm
Forum: Personal Consumer Issues
Topic: Potential sue - Loss of money
Replies: 128
Views: 12416

Re: Potential sue - Loss of money

Not trying to pile on here, but there's about one thread a week on Bogleheads where people are arguing about whether or not a realtor is useful. A realtor would have made sure the CC&R's were part of the disclosures during the sale, and would have explained what they were. That's what a realtor is ...
by retiringwhen
Tue Feb 18, 2020 12:12 pm
Forum: Personal Consumer Issues
Topic: Potential sue - Loss of money
Replies: 128
Views: 12416

Re: Potential sue - Loss of money

If the seller of the house to you did not disclose a deed/covenant restriction, I think you may have a beef with the seller regardless of the outcome here. Same with the Title Insurance Company. We just bought a house that resides within an HOA (in PA). The deed restrictions were prominent portions ...
by retiringwhen
Tue Feb 18, 2020 11:55 am
Forum: Personal Investments
Topic: How to most efficiently "clean up" taxable accounts?
Replies: 5
Views: 676

Re: How to most efficiently "clean up" taxable accounts?

I would be very careful to run an opportunity cost analysis of paying off the mortgage vs. paying those taxes. You haven't provided enough info to even begin to guess at the outcome. Are you getting tax advantages for the mortgage interest payments, what is the rate? how many years left. How long do...
by retiringwhen
Tue Feb 18, 2020 9:05 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 19300
Views: 2678612

Re: U.S. stocks in free fall

TheTimeLord wrote:
Tue Feb 18, 2020 8:58 am
Rebalancing band people should be ignoring the market and this thread.
But, but, but, I stopped following sports. What will I do to prognosticate?
by retiringwhen
Tue Feb 18, 2020 8:55 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 19300
Views: 2678612

Re: U.S. stocks in free fall

I don't even know what you folks are getting excited about. As far as I know, the only sector that's experienced any decent drops recently is oil/gas. Everything else seems to be holding up quite well. Apples earnings guidance has only pushed the market futures down less than .5% even after a long ...
by retiringwhen
Tue Feb 18, 2020 8:45 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 19300
Views: 2678612

Re: U.S. stocks in free fall

Okay people let's get in our lines. "This is a great buying opportunity" folks on the left and "this is the beginning of the long awaited bear market" folks on the right. We can do this people, just alternate posts be civil and no jumping the line. I need a third line: Patiently waiting to hit my r...
by retiringwhen
Tue Feb 18, 2020 8:36 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 19300
Views: 2678612

Re: U.S. stocks in free fall

1. Every time the market moves up or down, the news connects it to whatever headlines they have that day. We know that's ridiculous. It is not ridiculous at all, it just looks odd to people with long-term horizons. The EMH is predicated on the market responding to, taking stock of and repricing the...
by retiringwhen
Mon Feb 17, 2020 7:29 pm
Forum: Personal Investments
Topic: Vti& VTSAX in the same account
Replies: 4
Views: 311

Re: Vti& VTSAX in the same account

duplicate.
by retiringwhen
Mon Feb 17, 2020 7:29 pm
Forum: Personal Investments
Topic: Vti& VTSAX in the same account
Replies: 4
Views: 311

Re: Vti& VTSAX in the same account

I bought two shares of Vti for my kids for the price of $150 a share. I want to buy VTSAX for The automated investing. Is it ok to leave my etf shares and buy the mutual fund variant in the same account? Thanks. Yes. You can have both. And you can convert mutual fund shares into ETF shares (but not...
by retiringwhen
Mon Feb 17, 2020 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Had a baby and received generous check from her great grandparents. Now what?
Replies: 157
Views: 11644

Re: Had a baby and received generous check from her great grandparents. Now what?

I vote for the 529 plan. See my story on why the protections of the 529 are important from a custodial perspective: https://www.bogleheads.org/forum/viewtopic.php?f=1&t=265752&p=4247292#p4247292 As an aside, since it is a gift to your daughter though, technically it would need to be configured as a ...
by retiringwhen
Fri Feb 14, 2020 10:38 pm
Forum: Investing - Theory, News & General
Topic: Total Stock Market Index - Section 199A dividends this year
Replies: 169
Views: 21503

Re: Total Stock Market Index - Section 199A dividends this year

Will turbo tax do this deduction automatically for you when you import directly from Vanguard? Or is this something that has to be done manually? TT did create all of this automatically for my Vanguard 1099-B forms. As usual, the entry of US Gov't Obligations continues to be a manual task, but sinc...
by retiringwhen
Fri Feb 14, 2020 10:06 pm
Forum: Investing - Theory, News & General
Topic: Total Stock Market Index - Section 199A dividends this year
Replies: 169
Views: 21503

Re: Total Stock Market Index - Section 199A dividends this year

Will turbo tax do this deduction automatically for you when you import directly from Vanguard? Or is this something that has to be done manually? TT did create all of this automatically for my Vanguard 1099-B forms. As usual, the entry of US Gov't Obligations continues to be a manual task, but sinc...
by retiringwhen
Fri Feb 14, 2020 8:03 pm
Forum: Personal Investments
Topic: Horrible Experience with Vanguard [Login account security]
Replies: 163
Views: 10984

Re: Horrible Experience with Vanguard

The issue is that I updated my phone number on my Vanguard account, but I was not alerted at the time that I had to update it in another place for the security code. Now I cannot access my account online because I am locked out. I changed phone numbers over a year and a half ago. Vanguard does allo...
by retiringwhen
Fri Feb 14, 2020 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Sold some land: Is it gift or inheritance for tax purposes?
Replies: 17
Views: 1156

Re: Sold some land: Is it gift or inheritance for tax purposes?

Duh, I did not consider the gift angle. Again, I think local Real Estate Law will be important. BTW, if it was a gift in 1982, then the parents should have filled out a Gift tax Exemption form in 1982 as I am pretty sure the exemption was under $15K :wink: ( https://www.irs.gov/pub/irs-prior/f709--1...
by retiringwhen
Fri Feb 14, 2020 6:36 pm
Forum: Personal Investments
Topic: Horrible Experience with Vanguard [Login account security]
Replies: 163
Views: 10984

Re: Horrible Experience with Vanguard

Those are excellent security practices from Vanguard. If they did not do them, I would consider it a serious breach of security. Man in the Middle, social engineering and phone number theft are major growing cyber threats to financial companies these days. Asking the company to go around their proce...
by retiringwhen
Fri Feb 14, 2020 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Sold some land: Is it gift or inheritance for tax purposes?
Replies: 17
Views: 1156

Re: Sold some land: Is it gift or inheritance for tax purposes?

Who paid the property taxes all those years and whose name(s) have been on the title since 1982? Additionally, who had use and enjoyment of the property for the intervening 38 years? How formally was the stipulation that the kids could sell the property documented? I am no expert, but if the 4 child...
by retiringwhen
Fri Feb 14, 2020 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: [Help Determining IRA Basis - Did not file 8606]
Replies: 5
Views: 364

Re: [Help Determining IRA Basis - Did not file 8606]

I agree, #2 as commented upon is the correct path. Just one question for verification. Did you try to deduct the tradIRA contributions on your 2017 and 2018 tax returns? If yes, you have a much bigger problem as you will need to submit amended returns for both years along with a check (and penalties...
by retiringwhen
Fri Feb 14, 2020 5:18 pm
Forum: Investing - Theory, News & General
Topic: Total Stock Market Index - Section 199A dividends this year
Replies: 169
Views: 21503

Re: Total Stock Market Index - Section 199A dividends this year

What, if I may ask, Is QBI? Before I get the typical suggestion to Google, I must share the forum folks dislike googling, especially when someone posts tickers. "QBI" is a new one on me for sure! I typed "what is QBI?" into Google and this was the first link https://www.irs.gov/newsroom/qualified-b...
by retiringwhen
Fri Feb 14, 2020 9:28 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 19300
Views: 2678612

Re: U.S. stocks in free fall

I was wondering if it was your expectation that this thread be a beacon of calming advise when the poop its the fan. I ask because that is not my expectation> My expectation is for people to do what they seem to do here daily which is talk their book. In December OCT to DEC 2018, it was a good plac...
by retiringwhen
Thu Feb 13, 2020 9:44 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 6554
Views: 552096

Re: U.S. stocks continue to soar!

Wow! Right now I can put about $800 a month away. I live with my mother and don't pay rent. I'm hoping to put $10k for at least 3 years away, but I don't know what lies ahead in the near future. I'm putting away as much as I can NOW for as long as I can! I wasted MANY years of not saving and invest...
by retiringwhen
Thu Feb 13, 2020 8:25 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 19300
Views: 2678612

Re: U.S. stocks in free fall

.. When will this asset class finally get it's day in the sun? It's been something like 4 years of under performance now with the last 2 years being essentially non performant - i.e. close to zero. That is why they call it a RISK premium. Full disclosure: I ran a small but meaningful small / value ...
by retiringwhen
Wed Feb 12, 2020 2:02 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 6554
Views: 552096

Re: U.S. stocks continue to soar!

My 401k contributions started up again and they are all going to a total bond fund. Can't quite keep up with this silly equity market, though. Barely holding inside my 5% rebalance band. I have been putting all my 401K money into Total Bond for most of the last 6 years..... All except a short perio...
by retiringwhen
Wed Feb 12, 2020 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Donor advised fund / donating appreciated shares
Replies: 17
Views: 908

Re: Donor advised fund / donating appreciated shares

Seeking advice on setting up a donor advised fund and also how best to donate appreciated stock Questions: 1) Where should I open a donor advised fund? Based on information on the wiki I am leaning towards Fidelity because of low minimums. Willing to hear arguments against. I am a 99% Vanguard guy,...
by retiringwhen
Mon Feb 10, 2020 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: Fun Side Income in Retirement?
Replies: 50
Views: 4353

Re: Fun Side Income in Retirement?

I like doing taxes. I am thinking of becoming an enrolled agent and providing tax preparation services when I retire. I know I am strange. Try the The Volunteer Income Tax Assistance (VITA) program. Nationwide (mostly all volunteer) program provides a satisfying way to volunteer and satisfy your ta...
by retiringwhen
Mon Feb 10, 2020 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Fun Side Income in Retirement?
Replies: 50
Views: 4353

Re: Fun Side Income in Retirement?

Some of the dealers I see at hobby shows (coins, stamps, model trains, etc.) are older people who I suspect are doing it as an extension of their hobby and not as a way to make a living. ....or they are down-sizing their collection to make thinks simpler as their heirs won't want it. I cringed when...
by retiringwhen
Mon Feb 10, 2020 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Fun Side Income in Retirement?
Replies: 50
Views: 4353

Re: Fun Side Income in Retirement?

I like doing taxes. I am thinking of becoming an enrolled agent and providing tax preparation services when I retire. I know I am strange.
by retiringwhen
Mon Feb 10, 2020 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Grandma wants to skip generation with inheritance
Replies: 31
Views: 5851

Re: Grandma wants to skip generation with inheritance

There is a lot of speculation and complication in the earlier answers. I am going to make two assumptions. - The Grandmother really wants the give the money to her grand daughter and not include any other potential heirs (especially if that is her explicit desire). - The Father will follow explicit ...
by retiringwhen
Mon Feb 10, 2020 9:05 am
Forum: Investing - Theory, News & General
Topic: Total Stock Market Index - Section 199A dividends this year
Replies: 169
Views: 21503

Re: Total Stock Market Index - Section 199A dividends this year

I have been using a spreadsheet to calculate the total federal tax amount for shares of VTSAX that I own for withholding purposes. Can someone detail the calculations needed now that 199A is involved? For example, assume: 1000 shares of VTSAX owned in 2019 Dividend Distribution per Share $1.4061 To...
by retiringwhen
Fri Feb 07, 2020 3:46 pm
Forum: Investing - Theory, News & General
Topic: Total Stock Market Index - Section 199A dividends this year
Replies: 169
Views: 21503

Re: Total Stock Market Index - Section 199A dividends this year

Now TT is saying the 8995A form won't be ready until 2/20. The IRS has not (as of a search I did right now) released a final version of the instructions for the 2019 Form 8995A. They are still in draft version. I suspect Turbotax (or any of the other software packages) can't proceed until the IRS f...
by retiringwhen
Fri Feb 07, 2020 10:42 am
Forum: Personal Investments
Topic: My Highest ER Fund = Prime MM. WTH?
Replies: 39
Views: 2761

Re: My Highest ER Fund = Prime MM. WTH?

It's also a very high turnover actively managed fund. Since the ER for the Fed and Treasury MMs are lower, perhaps they're not active. They are active, KevinM did a lot of analysis of their behavior last year, they make bets on interest rates all the time and they change the components mixtures reg...
by retiringwhen
Fri Feb 07, 2020 10:17 am
Forum: Personal Investments
Topic: My Highest ER Fund = Prime MM. WTH?
Replies: 39
Views: 2761

Re: My Highest ER Fund = Prime MM. WTH?

I gave you a framework to try and answer the question, the above observation about ER's supports one of those possibilities.

I also suggest you read about just how much money Schwab makes on cash deposits.
by retiringwhen
Fri Feb 07, 2020 10:07 am
Forum: Personal Consumer Issues
Topic: Cheap Black Only Printer
Replies: 26
Views: 1149

Re: Cheap Black Only Printer

I bought the Brother HL-L2350DW Laser Printer last year for exactly the reason you are looking. I have to say after years of owning HP printers, the simplicity and reliability of the Brother printers is a breath of fresh air. We own an a Brother Ink jet multi-function as well and am very happy.
by retiringwhen
Fri Feb 07, 2020 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Engagement Ring Insurance
Replies: 60
Views: 3204

Re: Engagement Ring Insurance

When I purchased my now wife's engagement ring 31 years ago, it was the most expensive thing I owned (my used car was pretty well depreciated). I gave it to her when I proposed in NYC on a beautiful fall day. She said yes! :-) Anyway the rest of the day, she was walking around with her hand stretche...
by retiringwhen
Fri Feb 07, 2020 9:13 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 19300
Views: 2678612

Re: U.S. stocks in free fall

Looks like today could be a good day for bonds and bad for both US and ex-US equities based upon futures. Just another day in the neighborhood. I don't think volatility is even all that high.
by retiringwhen
Fri Feb 07, 2020 8:37 am
Forum: Investing - Theory, News & General
Topic: Variable Percentage Withdrawal (VPW)
Replies: 1000
Views: 336794

Re: Variable Percentage Withdrawal (VPW)

The retirement worksheet already supports the concept of continued income in retirement, but does it support the concept of a future, one-time income that is not recurring (e.g. receipt of an inheritance)? I have had a desire in the past to model potential future income streams (e.g., continuing to...
by retiringwhen
Fri Feb 07, 2020 8:18 am
Forum: Personal Investments
Topic: My Highest ER Fund = Prime MM. WTH?
Replies: 39
Views: 2761

Re: My Highest ER Fund = Prime MM. WTH?

So, try this, look around at all the fund complexes and try to find a Prime Money Market fund that has an ER even close to 0.16%. Next look around at any all fund complexes and try to find a Federal or Treasury Money Market that has a lower ER than Vanguard's Prime. Next look around at SEC Yields fo...
by retiringwhen
Thu Feb 06, 2020 10:49 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 6554
Views: 552096

Re: U.S. stocks continue to soar!

TheDDC wrote:
Thu Feb 06, 2020 9:59 pm
So who's got the scoop for tomorrow?
Prices will fluctuate.