Search found 178 matches

by gassert
Sat May 10, 2008 7:34 pm
Forum: Investing - Theory, News & General
Topic: Stimulus Package
Replies: 25
Views: 5342

Thad Thanks I *knew* there was some issue with using TT. Good info - finally. I dont really care b/c if I need 1800 I can tap the emergrnecy fund and then pay myself back, but I just didnt want to be tracking down the government for a couple months for few bucks. BTW, I already bought the TV. Like e...
by gassert
Fri May 09, 2008 8:26 pm
Forum: Investing - Theory, News & General
Topic: Stimulus Package
Replies: 25
Views: 5342

I filed my return mid Jan and had my redbate in hand by 2/1, so I cant imagine there's any delay there. Bobbie - the semantics aren't the issue. I was just pointing out to you that you can qualify for the money if your 2008 income is inside the range even if your 2007 income was too high. Thats the ...
by gassert
Fri May 09, 2008 7:29 pm
Forum: Investing - Theory, News & General
Topic: Stimulus Package
Replies: 25
Views: 5342

Bobbie

The payment is techincally a tax credit for your 2008 earned income, due to be reconciled in 2009. The government is simply prepaying in cash that $. So, if you are under the limits on your 2008 income you may receive the benfit in the form of a tax credit.
by gassert
Fri May 09, 2008 7:24 pm
Forum: Personal Investments
Topic: Retirement acct sound risky? (was Craft the perfect reply!)
Replies: 22
Views: 3993

Two things First, dont play with someone who is just trying to do his/her job. Save the being cute for another time. They may well love VG or indexing or never heard of your strategy, but they are driving to work and trying to make a living - doesnt matter if you or I agree with the company philospo...
by gassert
Fri May 09, 2008 6:14 pm
Forum: Investing - Theory, News & General
Topic: Stimulus Package
Replies: 25
Views: 5342

I still havent received it and I am in the direct deposit cateogy 21 through 75 May 9.

I am still curious what others experience has been on this issue.
by gassert
Fri May 09, 2008 6:04 pm
Forum: Investing - Theory, News & General
Topic: Inherited IRAs Resource
Replies: 9
Views: 3316

Hey - thanks a lot. I think I have the info I was looking for now. I wanted to "library" some good documents for future reference. Taylor, thats actually a pretty good summary. Thanks Karl, yes that was my understanding, thanks (not my personal account) but I was looking for a document for...
by gassert
Thu May 08, 2008 1:16 pm
Forum: Investing - Theory, News & General
Topic: Inherited IRAs Resource
Replies: 9
Views: 3316

Inherited IRAs Resource

What do you think is the best online resource for inherited IRAs (and retirement plans). Not interested in a book. Info on RMDs before/after original owners begin date? Info on divisors for inherited inherited IRAs? Details on how an estate executor can complete docs to allow a beneficiary as listed...
by gassert
Mon May 05, 2008 8:04 pm
Forum: Investing - Theory, News & General
Topic: Net Unrealized Appreciation (NUA)
Replies: 8
Views: 2121

You need to hold the stock for a year to get LTCG on gains after the NUA event, but can sell at the NUA event for LTCG from the oringal basis
by gassert
Sat May 03, 2008 9:16 am
Forum: Investing - Theory, News & General
Topic: Stimulus Package
Replies: 25
Views: 5342

Ah, got it. Thanks Dave. A google serch probably wouldve saved the post.

Thanks
by gassert
Sat May 03, 2008 7:34 am
Forum: Investing - Theory, News & General
Topic: Stimulus Package
Replies: 25
Views: 5342

Stimulus Package

I am a very concerned American citizen. I feel that I must do my part to support our slumping ecomony and pull it from the depths of recession. As a result I plan to immediately rush out upon receiving my family's $1800 and buy a flat screen tv. I plan to support BBY. I plan to support the companies...
by gassert
Thu May 01, 2008 1:00 pm
Forum: Personal Investments
Topic: aftertax contributions to 403b for Roth IRA conversion
Replies: 10
Views: 3035

Shawn - I am not looking at the IRC, nor do i want to but from personal experience, the benefits administrator is correct. It is very possible that the 403b and 457b may not count toward the 415 limit. Helping my father through this several years ago, in his last yr of retirement at a non-profit, th...
by gassert
Tue Apr 29, 2008 7:30 pm
Forum: Personal Investments
Topic: aftertax contributions to 403b for Roth IRA conversion
Replies: 10
Views: 3035

My limited understanding is that employer plans would likely send the after tax $ directly to you, not as a rollover and that pretax $ would be rolled to another custodian. so it would not work to contrbute after tax funds for 2010 conversion. IRAs, of course, are different.
by gassert
Tue Apr 29, 2008 3:27 pm
Forum: Personal Investments
Topic: Non-traditional usage of Roth: put stocks in, not bonds?
Replies: 20
Views: 4010

The idea of location is one of tax drag ONLY; it's not a discussion of whether or not the Roth is filled with riskier assets and potentially grows larger. There are many posts on this. It is necessary to look at the tax equiv AA. If you hold ALL risky assets in a Roth and ALL safe assets in a regula...
by gassert
Thu Apr 24, 2008 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Trio to Rome, Florence, Venice, Italy in June
Replies: 26
Views: 6900

IMO I would make Florence your base. It is by far the best of the 3 cities. You can take EASY day trips from there to Pisa and Siena. Small towns in Italy are preferable. Cinque Terre cities are probably also within reason for a night or two from your Florence base - a bit touristy in the summer com...
by gassert
Fri Apr 18, 2008 8:30 am
Forum: Personal Finance (Not Investing)
Topic: personal questions
Replies: 14
Views: 2659

He is required by law to gather certain pieces of information in order to give you or your husband advice. You certainly dont have to provide it and he will either not give advice or he will write something in his records that he guesses. It doesn't matter if you dont have $ with him, when he advise...
by gassert
Fri Apr 11, 2008 8:50 pm
Forum: Investing - Theory, News & General
Topic: $112 Oil
Replies: 29
Views: 5223

you guys split to start a new forum to get control over trolls that come in and post 20 threads of garbage yet I log in to look at whats happening and this crap is everywhere. take control please
by gassert
Tue Apr 08, 2008 8:07 pm
Forum: Personal Investments
Topic: rolling over American Funds from a 401(k)
Replies: 5
Views: 1483

99% of 401ks will require liquidation of the funds - so the answer is that they wont "deal" with you at all.
by gassert
Tue Apr 08, 2008 8:00 pm
Forum: Personal Investments
Topic: Financial advisor's personal portfolios
Replies: 0
Views: 877

Financial advisor's personal portfolios

Knowing that there are a lot of readers to the forum in the business, I pose this question: Do financial professionals whos personal income is ultimatley based on investors / clients performance (ie - long term market trends) see this as a risk when managing their own personal portfolios - in the sa...
by gassert
Fri Apr 04, 2008 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: Start as commission FP?
Replies: 32
Views: 6116

Prokofiev That is the best post of the thread- and highlights the diffilcut dilema that this industry faces. You wont get a teacher making 30K per yr to pay 2k for a plan or learn to DIY, but they sure will pay the Vailc rep 3% per yr for the crappy annuity. The advice is modest, but that's the game...
by gassert
Sun Mar 30, 2008 8:17 pm
Forum: Investing - Theory, News & General
Topic: Would you jump into the market right now?
Replies: 63
Views: 13331

So, now there are 2 posts saying "this time it's different". Use caution - we have never seen this before. It's so very encouraging to be old enough (still young though) to see the market cycles so clearly over a shot preiod of time. I can remember 8 yrs ago arguing about how it was or was...
by gassert
Mon Mar 17, 2008 7:56 pm
Forum: Investing - Theory, News & General
Topic: Dollars tough to sell in Amsterdam
Replies: 4
Views: 1340

Seriously, you fint that "embarassing"? How about the ideology that every mom and pop around the globe should be willing to accept dollars in the first place? That's embarassing. If i went to the family owned pizza joint down the road and pulled out euros, pounds, DMs, yen, or the stronges...
by gassert
Mon Mar 17, 2008 7:50 pm
Forum: Personal Investments
Topic: The danger of holding company stock
Replies: 21
Views: 6527

Ya, ask Cayne to loan them the company stock that makes up his entire net worth which has gone from a billion to a couple million

Little guys always piss on the big guys without discussing the concentrated risk that each posses since we only hear about the winners.
by gassert
Mon Mar 10, 2008 9:32 am
Forum: Investing - Theory, News & General
Topic: FHA Mortgages
Replies: 2
Views: 1793

Probably because they're not credit based.
by gassert
Mon Feb 18, 2008 5:23 pm
Forum: Personal Investments
Topic: Roth Conversion from 401K
Replies: 12
Views: 3120

I dont think that I totally agree with the first response. That may be true of money in an IRA, but not a 401. If you roll the 401 to an IRA, then 401 recordkeepers can/will send you your after tax money and then will send the pretax money to the new IRA. You can then convert the IRA to the Roth in ...
by gassert
Sat Feb 16, 2008 4:40 pm
Forum: Investing - Theory, News & General
Topic: Things are not looking good.
Replies: 62
Views: 18446

Mike - there probably isnt a more contrarian indicator than consumer sentiment. The graphs dont always show perfect -1 correlation, but the long term market moves are clearly opposite.
by gassert
Sat Feb 16, 2008 2:01 pm
Forum: Personal Investments
Topic: 401(k) Problem??
Replies: 2
Views: 1162

I would virtually guarantee that you are comparing returns from 2 different days. One is probably updated to reflect one day and one probably still had the old value.
by gassert
Fri Feb 15, 2008 8:24 pm
Forum: Personal Investments
Topic: municipal bond market?
Replies: 15
Views: 4296

When there is uncertainlty in the market and invesotrs as a whole are seeking safety, then they move to governament bonds becausd they are considered a "risk free" investment. Munis are obviously safe, but still considered riskier. For the main street investor munis and govt bonds are equa...
by gassert
Thu Feb 14, 2008 10:14 am
Forum: Personal Investments
Topic: Simple question concerning rolling over 403b into a Roth IRA
Replies: 3
Views: 1063

First - your employer 100% determines your ability to take money from the plan. They will have to tell you that. Second - if you convert your 403b to a Roth then it is a taxable event at your current income rates. You will have to decide if it is better to pay taxes now or when you retire. Your AGI ...
by gassert
Sun Feb 10, 2008 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: On demand hot water
Replies: 24
Views: 5746

We have gas now, so I figured that buying a gas unit would be easiest, but it sounds like it's not as simple as plug and play. Electric sounded good, but probably would require some modification. I'm not really worried about the endless supply of water, nor waiting a couple extra seconds. Just thoug...
by gassert
Sun Feb 10, 2008 10:37 am
Forum: Personal Finance (Not Investing)
Topic: On demand hot water
Replies: 24
Views: 5746

On demand hot water

I am replacing a hot water heater and when walking through HD I saw the on demand water system. Price is about $1000 instead of the old model $400 or so (I didnt shop around). It saves energy (I dont know how much) and saves space (which is an issue for us). Anyone have experience with the new syste...
by gassert
Sun Feb 10, 2008 10:34 am
Forum: Personal Investments
Topic: First home down payment
Replies: 17
Views: 4074

Boris - you cant gift through someone - I mean, I'm sure that you "could", but you cant.

Kayman - same thing. You "could" do anything, but it's not 2007. No reason not to just do it legally and have the second half of the loan forgiven in '09
by gassert
Fri Feb 08, 2008 8:44 pm
Forum: Personal Investments
Topic: How Much House Can I Afford (DC)?
Replies: 19
Views: 5343

"I'm personally against market timing, but in the DC case I think it makes sense to rent short term until the deal of a lifetime comes along"

That's classic !!
by gassert
Fri Feb 08, 2008 6:13 pm
Forum: Personal Investments
Topic: First home down payment
Replies: 17
Views: 4074

Easy answer As stated they can gift you $48k (if youre married) - 1/2 that if your not. If you require more than that, say another $48k, then all they need to do is give you the full $96k today with a letter stating that $48k of that is a loan of 0% interest due in '09. In Jan of '09 then they can i...
by gassert
Wed Feb 06, 2008 7:03 pm
Forum: Personal Investments
Topic: Help me figure out the taxable portion of Roth distribution
Replies: 3
Views: 1162

In short, I dont know the answer since Roths and this issue are new (someone will know, of course), My guess is that there in nothing taxable since it's an inherited account. Your basis (if there is tax) is the total sum of the distribution, less the lifetime contributions - no matter if it was 1 Ro...
by gassert
Sun Feb 03, 2008 8:19 pm
Forum: Investing - Theory, News & General
Topic: TIAA Real Estate Acount raises ER, again
Replies: 30
Views: 5497

stratton

It should be pointed out that there is no actual "insurance" here - just a promise to ensure liquidity by TIAA which could easily absorb the whole RE fund w/o issue in minutes. Hope I didnt mislead
by gassert
Sun Feb 03, 2008 2:48 pm
Forum: Investing - Theory, News & General
Topic: TIAA Real Estate Acount raises ER, again
Replies: 30
Views: 5497

Part of the recent fee increases is due to the theoretical cost of the liquidity insurance that TIAA offers the RE fund. I dont know what that number is, but someone posted after the Q3 ER increase that it was 20bps. I dont have any idea what conditions could possibly come about that would necessita...
by gassert
Wed Jan 30, 2008 11:39 am
Forum: Investing - Theory, News & General
Topic: If Fed is cutting rates, why is Muni Bond Fund down 1%?
Replies: 13
Views: 3224

It IS 100% about a flight to quality. How else do you explain that the muni yield curve has HIGHER yields (esp on the short end) than treasuries - and I'm not talking about tax equiv ylds even, which makes it almost ridiculous. Do I think that munis will default? No, but that's the risk that is bein...
by gassert
Tue Jan 29, 2008 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: Children as Luxury Goods
Replies: 157
Views: 34180

norak I have tried not to respnd to this post, but can avoid it. This is most certainly the most moronic post ive ever read. Trying to apply economic concepts to the decision to have kids clearly reveals that a) you should never have kids, b) you should free your significant other of the chains you ...
by gassert
Tue Jan 29, 2008 8:44 pm
Forum: Personal Investments
Topic: have annuity but don't plan to annuitize
Replies: 5
Views: 1984

Please dont overlook the difference between a qualified annuity (ie 403B) and a non-qualified annuity (contributed with after tax $). Vastly different.

OP should clarify the question.
by gassert
Tue Jan 29, 2008 8:40 pm
Forum: Investing - Theory, News & General
Topic: What would happen?
Replies: 6
Views: 1838

Wrong

If the Fed raised rates, that would mean they see positive things in the economy and the market would rise. Same reason that the market ususally falls when they cut rates - even though thats a good move for business.
by gassert
Tue Jan 29, 2008 8:35 pm
Forum: Investing - Theory, News & General
Topic: If Fed is cutting rates, why is Muni Bond Fund down 1%?
Replies: 13
Views: 3224

Not sure why you think that the Fed is setting the prices on your muni fund. Seems like someone with enough posts as you have would know that the Fed doesn't set yields on muni funds especially considering a) the Fed is working on the overnight rate and of course ZERO of your muni funds are pegged t...
by gassert
Sat Jan 26, 2008 8:24 pm
Forum: Personal Investments
Topic: Mortgages - Best Practices
Replies: 8
Views: 2501

scb

I have never seen a home for $80k (outside of 1970) so you may not be happy with the loan, but the price is right!
by gassert
Tue Jan 22, 2008 9:53 pm
Forum: Investing - Theory, News & General
Topic: Standard Deduction VS. Itemized Deduction
Replies: 18
Views: 4391

Vinny

Forget doing it on the cheap - you need to pay someone ASAP to do your taxes. DYI can come back to cause you prob;ems if you dont have a basic understanding.
by gassert
Tue Jan 22, 2008 8:26 pm
Forum: Investing - Theory, News & General
Topic: Spouce cosign on mortgage?
Replies: 3
Views: 1238

doesnt matter, except that she wont receive the positive credit reporting. If you kick, she owes the debt as part of the estate settlement.
by gassert
Tue Jan 22, 2008 8:24 pm
Forum: Personal Investments
Topic: Money markets vs. high-yield savings?
Replies: 8
Views: 2614

Rates are dropping and everything will generally folllow the fed. If ING is better than VG for ex, then use that, but expect that to change regularly. Imo, there is no free lunch and unless you have a teaser rate VG/TIAA will have the best mmkt yileds available.
by gassert
Tue Jan 22, 2008 8:23 pm
Forum: Personal Investments
Topic: Choosing between defined benefit and defined contribution
Replies: 16
Views: 3209

The primary question is how long you plan to stay in your job - a tough question to answer. Generally a good state DB plan like youre describing is good for the longer tenured employee, or an older employee with a high salary (ie, 55 and toip of pay scale and will work 5 years). If you're younger, t...
by gassert
Tue Jan 22, 2008 3:55 pm
Forum: Investing - Theory, News & General
Topic: Standard Deduction VS. Itemized Deduction
Replies: 18
Views: 4391

Exemptions are completely different and independent of Deductions. You get the exemptions no matter what. End of story. You then either itemize deductions or take the standard deduction. Itemizations are most typically charitable gifts, mortgage interest, and state tax. If you have been using exempt...
by gassert
Tue Jan 22, 2008 3:52 pm
Forum: Personal Investments
Topic: Any Reason Not to Cash Out VUL
Replies: 1
Views: 920

FYI - you can put in $12k/year each for your daughter for $24k/yr, so you can invet the full proceeds over the next 12mos witout issue. Further, if you are opening the 529 for the first time, you can do 5 years of contributions all at once, up front, so can invest all the CV today. Typically you pay...
by gassert
Sat Jan 05, 2008 8:04 pm
Forum: Personal Investments
Topic: Roth IRAs
Replies: 10
Views: 2363

there are literally a dozen reasons why turbo tax offers to track your IRA contributions. I could name about 10. Although it's clearly not necessary if yout wish to input that info/
by gassert
Sat Jan 05, 2008 12:41 pm
Forum: Personal Investments
Topic: New ROTH IRA for a Retired Person
Replies: 7
Views: 1691

Disco - there is absolutely zero disadvantage to a Roth. And an heir would not have ANY tax consequence and would be able to stretch over their lifetime. I mean - at a minumum he should go to the bank and "buy" a Roth IRA and invested in a CD. There are probably other strategies, but I'm s...