Search found 7531 matches

by jeffyscott
Fri Jan 25, 2019 10:13 am
Forum: Investing - Theory, News & General
Topic: Yield difference between total bond and MMF less than 1%
Replies: 94
Views: 6545

Re: Yield difference between total bond and MMF less than 1%

Ha! That's great Jeff. Believe it or not, my first two mortgages (now long paid off, thankfully) were at 16 3/4 and 12 1/2, and 30Y Treasuries were yielding 12%, which is about the time I first learned about "duration." Obviously, I'm way behind the times, with today's low interest rates. Right now...
by jeffyscott
Fri Jan 25, 2019 9:16 am
Forum: Investing - Theory, News & General
Topic: A cursory look at valuations
Replies: 32
Views: 2618

Re: A cursory look at valuations

long_gamma wrote:
Fri Jan 25, 2019 7:58 am
I thought FED model was thoroughly discredited. One is real yield and another is nominal yield.
Perhaps the comparison should be long term TIPS yields to stocks? Not much history there, though.
by jeffyscott
Fri Jan 25, 2019 9:05 am
Forum: Investing - Theory, News & General
Topic: Another frugality/contentment post from Morgan Housel
Replies: 28
Views: 2435

Re: Another frugality/contentment post from Morgan Housel

Especially liked this, which also describes financial freedom: "For me it’s been realizing that what makes people happy is having options – doing what you want, with who you want, when you want, where you want. And options come from savings and assets, which are the opposite of spending." Also not ...
by jeffyscott
Fri Jan 25, 2019 8:58 am
Forum: Investing - Theory, News & General
Topic: VCIT Rising
Replies: 17
Views: 1310

Re: VCIT Rising

VCIT is rising because interest rates have been falling. Forgive me for seeming stupid, but I thought rates were rising. What am I misunderstanding? It's an intermediate term corporate fund, 5, 7, and 10 year treasury rates were over 3% in October and are 2.5-2.7% now. So the intermediate term inte...
by jeffyscott
Fri Jan 25, 2019 8:48 am
Forum: Investing - Theory, News & General
Topic: Tell me your HSA strategy/advice
Replies: 52
Views: 4903

Re: Tell me your HSA strategy/advice

My understanding is that since my spouse has Medicare A, she CANNOT use the HSA for any medical expense: True or False False, she can not contribute to HSA, because she is covered by something other than HDHP. Since my spouse has Medicare A, can I defer $3,650 (max single) or $7000 (max family) in ...
by jeffyscott
Fri Jan 25, 2019 8:34 am
Forum: Investing - Theory, News & General
Topic: Yield difference between total bond and MMF less than 1%
Replies: 94
Views: 6545

Re: Yield difference between total bond and MMF less than 1%

The duration of a 7 year CD is about 3.5Y How are you coming up with that? With a 3.3% yield (based on rate for 7 year, new issue brokered CDs), duration is over 6 years, as calculated here: https://www.money-education.com/resources/calculators/duration-calculation I thought, apparently incorrectly...
by jeffyscott
Fri Jan 25, 2019 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Home insurance going up every year...
Replies: 58
Views: 3442

Re: Home insurance going up every year...

As a side note, I know in some locations, you could just demolish a ruined structure and move to a super cheap house to avoid the costs of rebuilding, but some folks are in certain neighborhoods are required to rebuild to the same (or better) standards and quality as before. I'm not the person goin...
by jeffyscott
Thu Jan 24, 2019 10:07 pm
Forum: Investing - Theory, News & General
Topic: Yield difference between total bond and MMF less than 1%
Replies: 94
Views: 6545

Re: Yield difference between total bond and MMF less than 1%

gmaynardkrebs wrote:
Thu Jan 24, 2019 9:38 pm
The duration of a 7 year CD is about 3.5Y
How are you coming up with that? With a 3.3% yield (based on rate for 7 year, new issue brokered CDs), duration is over 6 years, as calculated here: https://www.money-education.com/resourc ... alculation
by jeffyscott
Thu Jan 24, 2019 10:47 am
Forum: Investing - Theory, News & General
Topic: Reasons to own Vanguard ETFs over Admiral shares?
Replies: 94
Views: 7937

Re: Reasons to own Vanguard ETFs over Admiral shares?

shawn_lad wrote:
Thu Jan 24, 2019 10:12 am
Just confirmed this with Vanguard CSR. Indeed, there are a few funds like one(s) above have additional fee for purchase while corresponding ETF does not!
Those fees are noted in the list of funds here:
https://investor.vanguard.com/mutual-fu ... enses-fees
by jeffyscott
Thu Jan 24, 2019 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Home insurance going up every year...
Replies: 58
Views: 3442

Re: Home insurance going up every year...

Last time I did this - Amica was by far the most expensive option so I would definitely dump them. They are known for good customer service but charge a large amount over others for it. I don't think anyone should assume that is the case for all. While we switched from Amica, after shopping last su...
by jeffyscott
Wed Jan 23, 2019 10:01 pm
Forum: Investing - Theory, News & General
Topic: Reasons to own Vanguard ETFs over Admiral shares?
Replies: 94
Views: 7937

Re: Reasons to own Vanguard ETFs over Admiral shares?

There are a few other admiral index funds with purchase and/or redemption fees: Two corporate bond index funds, EM gov't bond index, Global ex-US Real Estate, International Dividend Appreciation, and International High Dividend Yield.
by jeffyscott
Wed Jan 23, 2019 9:50 pm
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 924
Views: 73433

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

More drama, this time on Fidelity’s part. No indication that they’d received the funds yet, so I called. Over a half hour holding, no information. They emailed me to call them back. More time on hold. Apparently they had received the check but wouldn’t accept it, I was told they needed a letter on ...
by jeffyscott
Wed Jan 23, 2019 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Home insurance going up every year...
Replies: 58
Views: 3442

Re: Home insurance going up every year...

Similar experience, though with much lower rates, went from American Family to Amica to independent agent over about 20 years in this house. Most recent change from Amica to independent changed a 25% increase for auto, home, umbrella into a decrease of similar magnitude. Amica was going from about $...
by jeffyscott
Wed Jan 23, 2019 8:38 am
Forum: Investing - Theory, News & General
Topic: Fidelity Mutual Fund Withholding State Taxes?
Replies: 1
Views: 202

Re: Fidelity Mutual Fund Withholding State Taxes?

My guess is that this has to do with foreign taxes? I know that is a thing with foreign funds and, if held in taxable, there is a related tax credit. This: http://www.klgates.com/files/Upload/DC_IM_03-Organizing_Mutual_Fund.pdf says no state income taxes (issue 9). This might be of interest also: ht...
by jeffyscott
Wed Jan 23, 2019 8:23 am
Forum: Investing - Theory, News & General
Topic: How much international stock for U.S. retirees?
Replies: 19
Views: 1784

Re: How much international stock for U.S. retirees?

73 and retired but not yet accessing my port much thanks to pension and SS. Conservative AA (43% equity at the moment). About 21% international equity with intent not to drop below 20% nor exceed 25%. Don't know if that's the right answer; it feels right to me but not suggesting anyone follow my le...
by jeffyscott
Tue Jan 22, 2019 2:43 pm
Forum: Investing - Theory, News & General
Topic: Retirement readiness checklist.
Replies: 43
Views: 3808

Re: Retirement readiness checklist.

I did not do 2 or 3, instead I used pessimistic assumptions in a cash flow spreadsheet that I made. I assumed 1% real return, 75% of promised SS benefits with increases at 75% of CPI, and no increases in pension. I also discounted our assets, which are and were 40% in stocks, by about 20%. I too, ba...
by jeffyscott
Mon Jan 21, 2019 9:22 am
Forum: Personal Consumer Issues
Topic: Sicily over Italian cities?
Replies: 49
Views: 3294

Re: Sicily over Italian cities?

Not liking does not equal top site. I don’t like Times Square but few would argue that it isn’t a top place to visit in New York City. I’m not a big out doors person but who is going to argue that the Grand Canyon isn’t one of the top natural wonders in the world? You don’t want to go to Vatican Ci...
by jeffyscott
Mon Jan 21, 2019 8:00 am
Forum: Investing - Theory, News & General
Topic: Morningstar betaquote
Replies: 2
Views: 301

Re: Morningstar betaquote

The new graphs do let you compare you have to click on "see interactive chart" or something like that.

But I don't like it either, I don't like the default chart view. It can be changed, but they don't save your preferences so you have to redo the changes each time.
by jeffyscott
Mon Jan 21, 2019 7:56 am
Forum: Investing - Theory, News & General
Topic: Automatic Investing in new Fidelity HSA (Individual)
Replies: 10
Views: 932

Re: Automatic Investing in new Fidelity HSA (Individual)

Does Fidelity offer an automatic investing plan using cash in your settlement account? Schwab has something like this where you can set up automatic investments, specifying that the funds will come from "cash in account". I never used it, but recall that it says if the cash isn't there it just skips...
by jeffyscott
Mon Jan 21, 2019 7:36 am
Forum: Investing - Theory, News & General
Topic: Was the great bond bull market just plain bull?
Replies: 18
Views: 2550

Re: Was the great bond bull market just plain bull?

Now, imagine that you put $1,000 into a brand new 30-year Treasury bond on that same day, 9/30/1981. Since this is a bond you would expect to realize something close to the bond yield if you held it to maturity, around 15%. Yields then fell for the next 30 years to around 3%. Wow, a 15% starting yi...
by jeffyscott
Mon Jan 21, 2019 7:13 am
Forum: Personal Finance (Not Investing)
Topic: Divorce w/child. Spouse wants to move.
Replies: 128
Views: 8330

Re: Divorce w/child. Spouse wants to move.

And there is pretty much always 50/50 custody unless one person gives it up or is incompetent. Uh, no. There's pretty much always a custodial and a non-custodial parent. I.E. every other weekend, split holidays, and 2 weeks in the summer or whatever. Splitting time 50/50 (which I think the OP meant...
by jeffyscott
Sun Jan 20, 2019 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: Divorce w/child. Spouse wants to move.
Replies: 128
Views: 8330

Re: Divorce w/child. Spouse wants to move.

And there is pretty much always 50/50 custody unless one person gives it up or is incompetent. Uh, no. There's pretty much always a custodial and a non-custodial parent. I.E. every other weekend, split holidays, and 2 weeks in the summer or whatever. Splitting time 50/50 (which I think the OP meant...
by jeffyscott
Sun Jan 20, 2019 1:46 pm
Forum: Personal Consumer Issues
Topic: 2019 Camry vs RAV4
Replies: 39
Views: 3783

Re: 2019 Camry vs RAV4

How often would you be moving large items? Have you considered the 2019 Toyota Hatchback? The hatchback and ability to fold the rear seats down gives it some versatility for the occasional trip to IKEA or Home Depot. Like the OP, we also would consider a variety of different style vehicles. But hav...
by jeffyscott
Sun Jan 20, 2019 11:51 am
Forum: Investing - Theory, News & General
Topic: So when do you sell?
Replies: 27
Views: 2705

Re: So when do you sell?

My goal is to avoid the rice paddy to rice paddy in three generations curse, and also the five generation immigrant reversion to the mean: 1st gen - hardworking immigrant/labor 2nd gen - merchant/small business owner 3rd gen - professional/corporate 4th gen - artist/bohemian 5th gen - labor Well sa...
by jeffyscott
Sun Jan 20, 2019 11:18 am
Forum: Personal Consumer Issues
Topic: 2019 Camry vs RAV4
Replies: 39
Views: 3783

Re: 2019 Camry vs RAV4

How often would you be moving large items? Have you considered the 2019 Toyota Hatchback? The hatchback and ability to fold the rear seats down gives it some versatility for the occasional trip to IKEA or Home Depot. Like the OP, we also would consider a variety of different style vehicles. But hav...
by jeffyscott
Sun Jan 20, 2019 11:00 am
Forum: Personal Consumer Issues
Topic: Sicily over Italian cities?
Replies: 49
Views: 3294

Re: Sicily over Italian cities?

Never been to Sicily, but done Rome, Venice, Florence. Rome has so much to see and the pace can be frantic. Venice and Florence are smaller, more relaxed, and frankly just more enjoyable. If I could choose 1, it would be Florence, for the city, the art, and for the adjacent wine country. To us Flor...
by jeffyscott
Sun Jan 20, 2019 10:34 am
Forum: Personal Consumer Issues
Topic: Sicily over Italian cities?
Replies: 49
Views: 3294

Re: Sicily over Italian cities?

Going to Italy and just going to Sicily to me is like visiting America and choosing to go to Colorado over New York, Washington, Boston, etc. What if you live your whole life in the US but never visit New York, Washington, Boston? :) While we did visit relatives in the Boston area once, have never ...
by jeffyscott
Sun Jan 20, 2019 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Divorce w/child. Spouse wants to move.
Replies: 128
Views: 8330

Re: Divorce w/child. Spouse wants to move.

And I presume the child has friends who will be missed. Obviously the ex-spouse is asking everyone to cooperate with the ex’s plan which is good for the ex. Two year olds do not have friends they will miss. They moved from where one spouse had lived and has family to where the other spouse had live...
by jeffyscott
Sat Jan 19, 2019 11:32 am
Forum: Investing - Theory, News & General
Topic: So when do you sell?
Replies: 27
Views: 2705

Re: So when do you sell?

My goal is to avoid the rice paddy to rice paddy in three generations curse, and also the five generation immigrant reversion to the mean: 1st gen - hardworking immigrant/labor 2nd gen - merchant/small business owner 3rd gen - professional/corporate 4th gen - artist/bohemian 5th gen - labor Well sa...
by jeffyscott
Sat Jan 19, 2019 10:51 am
Forum: Investing - Theory, News & General
Topic: Tell me your HSA strategy/advice
Replies: 52
Views: 4903

Re: Tell me your HSA strategy/advice

Have never used this money for medical expenses, and have saved receipts, but the prospect of using them (and corresponding with the IRS on this subject) is discouraging. If so, why use this complicated strategy of saving receipts for years/decades? Aren't the benefits of that strategy pretty margi...
by jeffyscott
Sat Jan 19, 2019 9:09 am
Forum: Investing - Theory, News & General
Topic: "Wellness" incentive as IRA eligible compensation
Replies: 2
Views: 177

Re: "Wellness" incentive as IRA eligible compensation

Thanks, that states it explicitly: "The IRS treats as compensation any amount properly shown in box 1". That is just what I had been looking for, I had seen the IRS description of what counts as compensation for this purpose, but not that clear statement.
by jeffyscott
Sat Jan 19, 2019 8:54 am
Forum: Investing - Theory, News & General
Topic: "Wellness" incentive as IRA eligible compensation
Replies: 2
Views: 177

"Wellness" incentive as IRA eligible compensation

My health insurance from my former employer provides a small bonus of $300 in the form of a Visa gift card for doing a couple "wellness" related things. I have been issued a W-2 that has this $300 in box 1 (wages, etc.), and it also shows unpaid SS and Medicare taxes in box 14. The employer's websit...
by jeffyscott
Sat Jan 19, 2019 8:39 am
Forum: Investing - Theory, News & General
Topic: So when do you sell?
Replies: 27
Views: 2705

Re: So when do you sell?

If you don't need the money, do you just hold onto your investments for years until you die then pass them on to your heirs if you have them? Assuming we continue to not need or want to spend the money, I am thinking that we will begin distributing some to our children when we have RMDs and/or when...
by jeffyscott
Sat Jan 19, 2019 8:25 am
Forum: Investing - Theory, News & General
Topic: Tell me your HSA strategy/advice
Replies: 52
Views: 4903

Re: Tell me your HSA strategy/advice

...I pay for medical from tax-deferred retirement accounts — which may reduce RMDs later. Is there any difference between doing that versus paying current medical expenses from the HSA and then converting the same amount from tax-deferred to Roth? I'm retired and a bit more than 5 years from Medica...
by jeffyscott
Sun Jan 13, 2019 9:12 am
Forum: Investing - Theory, News & General
Topic: Schwab SWSXX going away
Replies: 37
Views: 2727

Re: Schwab SWSXX going away

But if both orders were submitted timely and executed on the same day I don't see why tmcc was charged a night's margin interest; Schwab should be called on that. If I place a transfer out and sell SWVXX the same day I get charged margin interest. IIRC if you buy SWVXX and sell an ETF the same day ...
by jeffyscott
Sun Jan 13, 2019 8:50 am
Forum: Investing - Theory, News & General
Topic: Opinion: Half of investment-grade bonds are only one step away from junk status
Replies: 23
Views: 2459

Re: Opinion: Half of investment-grade bonds are only one step away from junk status

Just buy the, lightly managed, Intermediate investment grade fund (VFIDX) instead, if you don't like the corporate index. Note that by owning BIV, you already own what is basically a combination of that same corporate bond index and a intermediate government bond index in about a 50/50 ratio. So if ...
by jeffyscott
Sat Jan 12, 2019 3:05 pm
Forum: Investing - Theory, News & General
Topic: fed funds rate effect bond funds?
Replies: 8
Views: 347

Re: fed funds rate effect bond funds?

There are three problems, all due to oversimplifications. The first is the Fed only sets the Federal Funds Rate, as you said, the target for overnight loans between creditworthy banks adjusting their bank reserves to conform with regulations. Another is the Fed does not set bond yields at all. A fr...
by jeffyscott
Sat Jan 12, 2019 2:46 pm
Forum: Investing - Theory, News & General
Topic: Schwab SWSXX going away
Replies: 37
Views: 2727

Re: Schwab SWSXX going away

Does Schwab let you trade directly from a "purchased" money market fund, as fidelity does? Or do you have to move funds to the FDIC sweep to cover trades. Fidelity includes the balance in purchased money market in the "cash to trade" balance. Fidelity allows only bank sweep for their new individual ...
by jeffyscott
Sat Jan 12, 2019 8:40 am
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 924
Views: 73433

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

To summarize, I initiated the transfer request on 11/20: 1. Health equity refused first attempt indicated that my money was still invested (Not true sold on 11/20). 2. Health equity refused the transfer request to Fidelity indicating that they would only talk to me. 3. Health equity charged me 2 mo...
by jeffyscott
Fri Jan 11, 2019 10:32 pm
Forum: Investing - Theory, News & General
Topic: Kitces - Retirement Tax Rate Equilibrium
Replies: 23
Views: 3515

Re: Kitces - Retirement Tax Rate Equilibrium

DrGoogle2017 wrote:
Fri Jan 11, 2019 9:16 pm
Thanks for posting the link. I read that single pays a tax rate of 32% at just $157k.
I wouldn't use "just" in association with that figure, but adding the $12K std deduction, puts at $169K.
by jeffyscott
Fri Jan 11, 2019 12:39 pm
Forum: Investing - Theory, News & General
Topic: Should I take $70K LTCG at 0% tax rate or transfer $70K from IRA to Roth @ 12%?
Replies: 21
Views: 1599

Re: Should I take $70K LTCG at 0% tax rate or transfer $70K from IRA to Roth @ 12%?

No kids to leave our money. We've not had to take any withdrawals from our IRA's. We live on approximately $50k after tax per year. We have no debts at all. We also have a low spending rate compared to our assets and pension income. I plan to Roth convert as much as possible at 12%, but not higher....
by jeffyscott
Fri Jan 11, 2019 10:14 am
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 924
Views: 73433

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

So far the only place I can find actual contribution amounts is on the monthly statement, but it doesn't list what year they are for, and I dont want to wait till February to adjust my current years contributions. I have talked/emailed with fidelity and so far they tell me to look at the transfer p...
by jeffyscott
Fri Jan 11, 2019 6:09 am
Forum: Investing - Theory, News & General
Topic: Kitces - Retirement Tax Rate Equilibrium
Replies: 23
Views: 3515

Re: Kitces - Retirement Tax Rate Equilibrium

Also, it was not pointed out that married taxpayers will eventually be filing single, and some for many years. In those years the marginal rates would rise considerably because the single tax brackets would more than offset the reduction of income coming from elimination of the lower SS benefit, an...
by jeffyscott
Thu Jan 10, 2019 5:27 pm
Forum: Investing - Theory, News & General
Topic: Reasons to own Vanguard ETFs over Admiral shares?
Replies: 94
Views: 7937

Re: Reasons to own Vanguard ETFs over Admiral shares?

I’m currently using Schwab ETFs at Schwab (rather than Vanguard funds at Vanguard) because I can buy a wider array of asset classes with a smaller amount of funds to get started. Schwab has no minimum on their mutual funds. So unless buying things that they do not offer as a mutual fund or it is a ...
by jeffyscott
Thu Jan 10, 2019 8:39 am
Forum: Personal Consumer Issues
Topic: Opinions on 2019 RAV4 and/or 2019 Santa Fe
Replies: 23
Views: 1871

Re: Opinions on 2019 RAV4 and/or 2019 Santa Fe

I'd have to update myself on the Santa Fe, but isn't it a bigger? Kind of inbetween CRV and Pilot, so maybe compare to Highlander also. Also, don't forget new Passport that now fills gap and might be closer comparison. FWIW, my neighbor who's owned a Santa Fe for about a decade and was happy wound ...
by jeffyscott
Wed Jan 09, 2019 3:45 pm
Forum: Personal Consumer Issues
Topic: Opinions on 2019 RAV4 and/or 2019 Santa Fe
Replies: 23
Views: 1871

Re: Opinions on 2019 RAV4 and/or 2019 Santa Fe

We are in the same boat and feel the specs (mpg, cargo space, safety tech,reliability) of the 2019 RAV4 hybrid are hard to beat. However, its look is polarizing and may not appeal to all. More expensive as well at higher trims. If mpg and premium fuel costs and cargo space are not important I would...
by jeffyscott
Wed Jan 09, 2019 3:24 pm
Forum: Investing - Theory, News & General
Topic: Reasons to own Vanguard ETFs over Admiral shares?
Replies: 94
Views: 7937

Re: Reasons to own Vanguard ETFs over Admiral shares?

Vanguard Admiral shares Mutual Fund pros: - cost less to buy: no bid / ask spread - less "care" needed to guess what limit order to place, etc. - no premium/discount to NAV to worry about (when needing to sell, persistent discount may prevent sale at "fair" price for a while) To me these are the ke...
by jeffyscott
Wed Jan 09, 2019 10:19 am
Forum: Investing - Theory, News & General
Topic: Expense ratios and returns for stock and bond mutual funds
Replies: 6
Views: 749

Re: Expense ratios and returns for stock and bond mutual funds

If you compare investment-grade corporate bond funds only, the low-cost funds should come out ahead. Vanguard Intermediate-Term Corporate Bond Index (available as an ETF VCIT), tracking an index of investment-grade corporate bonds, has above-average returns among corporate-only funds at Morningstar...
by jeffyscott
Wed Jan 09, 2019 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Wisconsin Real Estate Recovery
Replies: 6
Views: 801

Re: Wisconsin Real Estate Recovery

I think she has my other sister and I listed on a small 25k life insurance policy. I was thinking it would be enough to give her a decent burial. Check that, just read the link, the state gets her life insurance as well. Looks like I will be responsible for her burial expenses myself. It’s a long s...
by jeffyscott
Tue Jan 08, 2019 10:01 pm
Forum: Investing - Theory, News & General
Topic: Schwab vs TD Ameritrade on Treasury Fees
Replies: 10
Views: 694

Re: Schwab vs TD Ameritrade on Treasury Fees

Never called Further, but their customer service via email was fine for me when I had a couple questions. Are you aware of this site for HSA information: https://thehsareportcard.com/the-top-10-investor-hsas-1/ There's currently 16 pages of comments on the new fidelity HSA: https://www.bogleheads.or...