Search found 1280 matches

by pjstack
Fri Feb 28, 2014 6:18 pm
Forum: Personal Investments
Topic: Why bonds??
Replies: 29
Views: 5620

Re: Why bonds??

To the OP, "johnvcle": I'm not a heavy hitter on this forum; I mean that I don't have that much invested and don't know much about the minutiae of investing. My money is almost pocket change compared to some of the folks here. But, I remember when I bought into the idea that a pension and Social Sec...
by pjstack
Sat Feb 22, 2014 8:57 pm
Forum: Personal Investments
Topic: Form 8606 Info
Replies: 20
Views: 1940

Re: Form 8606 Info

Thank you "duckie". Thank you "retiredjg". (You too, "sscritic").

I've got it (at last).
by pjstack
Sat Feb 22, 2014 8:08 pm
Forum: Personal Investments
Topic: Form 8606 Info
Replies: 20
Views: 1940

Re: Form 8606 Info

Thanks "retiredjg", I think the light is slowly starting to dawn. When my wife decides to withdraw, all the money will be "qualified". Therefore she will not need to file a Form 8606, right? (Because no taxes are/will be due.) She will be over 59.5 years of age, will have owned the Roth for more tha...
by pjstack
Sat Feb 22, 2014 7:38 pm
Forum: Personal Investments
Topic: Form 8606 Info
Replies: 20
Views: 1940

Re: Form 8606 Info

Senility must be setting in. I called up and read the instructions for Form 8606 and my head is swimming! I can't for the life of me figure out the purpose of this form is for a Roth IRA. Those of you who have withdrawn from a Roth IRA please tell me what you did when you filed your 1040. I just don...
by pjstack
Sat Feb 22, 2014 6:11 pm
Forum: Personal Investments
Topic: Form 8606 Info
Replies: 20
Views: 1940

Re: Form 8606 Info

The instructions for Form 8606 have confused me, to wit: "You received distributions from a Roth IRA in 2013 (other than a rollover, recharacterization, or return of certain contributions—see the instructions for Part III, later)." Do "distributions" = "withdrawals"? I don't have a Roth IRA but my w...
by pjstack
Fri Feb 21, 2014 10:42 pm
Forum: Investing - Theory, News & General
Topic: Poll: Which of these abbreviations do you understand?
Replies: 66
Views: 3996

Re: Poll: Which of these abbreviations do you understand?

I clicked on VCR. Now I'm nervous. Please say it isn't a stock/ETF symbol! Nisiprius is just joking (right?). It stands for Video Cassette Recorder, right?

Am I the only one who still has one of these? (At least it isn't a Betamax.)
by pjstack
Fri Feb 21, 2014 6:04 pm
Forum: Personal Consumer Issues
Topic: The Onion: New Parents Wisely Start College Fund...
Replies: 7
Views: 1915

Re: The Onion: New Parents Wisely Start College Fund...

It's a really, really long story - about fraternities (with a spectacular intro) ... http://www.theatlantic.com/features/archive/2014/03/the-dark-power-of-fraternities/357580/ ... but these nuggets jumped out: (Snip) But college education, like weddings and funerals, tends to prompt irrational fina...
by pjstack
Fri Feb 21, 2014 5:24 pm
Forum: Personal Investments
Topic: What do you do with index funds when...
Replies: 49
Views: 3140

Re: What do you do with index funds when...

bigfoot12 wrote:the stock market begins to crash?

Very important. Do you sell your stock index funds to buy safe bonds, or do you hold?


Got any plans?
I continue to buy my balanced fund (60% stocks, 40% bonds) every month automatically on the 5th. That's it.

You don't really have a plan for saving, do you?
by pjstack
Fri Feb 21, 2014 5:17 pm
Forum: Investing - Theory, News & General
Topic: Financial magazine stock forecasts not so good.
Replies: 1
Views: 352

Financial magazine stock forecasts not so good.

Surprise! A small study of Kiplingers (and others) stock picks showed poor results.
http://living.msn.com/life-inspired/the ... uldnt-take

Gosh! All that expertise, and so-so results.
by pjstack
Thu Feb 20, 2014 5:42 pm
Forum: Investing - Theory, News & General
Topic: Daily Tax-Loss Harvesting with Wealthfront
Replies: 8
Views: 1643

Re: Daily Tax-Loss Harvesting with Wealthfront

Having daily tax losses sounds scary!
by pjstack
Wed Feb 19, 2014 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Tax report related question ( prepare it by my own or not)
Replies: 16
Views: 1023

Re: Tax report related question ( prepare it by my own or no

Poster "damjam" (above) gave good advice. Look at Form 1040 EZ, you will probably find that it will do just fine.
by pjstack
Mon Feb 17, 2014 7:59 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's Notice Regarding Typo on Form 1099-B
Replies: 5
Views: 1564

Re: Vanguard's Notice Regarding Typo on Form 1099-B

Well, I don't know what "non-covered" sales are, so maybe I'm not being helpful I only have two funds: Balanced Index (VBIAX) and Prime Money Mkt. Fnd. The greyed out area says:"Long-term transactions for which basis is reported to the IRS - Report on Form 8949, Part II, with Box D checked. Type of ...
by pjstack
Mon Feb 17, 2014 6:31 pm
Forum: Personal Consumer Issues
Topic: Continual phone solicitation by a debt consolidation company
Replies: 34
Views: 4125

Re: Continual phone solicitation by a debt consolidation com

For landlines, the answering machine is your friend!
Most sales calls hang up immediately.
I never answer until I recognize the voice on the other end.
The machines are very cheap nowadays, and well worth it.
by pjstack
Mon Feb 17, 2014 12:28 am
Forum: Personal Finance (Not Investing)
Topic: Do you balance your checking account?
Replies: 114
Views: 8318

Re: Do you balance your checking account?

Everybody balances their checking account if they look at the transactions online at all. By looking at the transactions and mentally flagging them as legit and realizing that some items haven't hit the account yet (for instance a bill payment going out next Wednesday), that's balancing already. Th...
by pjstack
Sun Feb 16, 2014 7:39 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's Notice Regarding Typo on Form 1099-B
Replies: 5
Views: 1564

Re: Vanguard's Notice Regarding Typo on Form 1099-B

Yes, I got a similar e-mail. The 1099-B I received says that the basis IS reported to the IRS. so I guess they must have corrected the typo on my copy.
by pjstack
Fri Feb 14, 2014 3:01 am
Forum: Investing - Theory, News & General
Topic: Zombie Gold
Replies: 3
Views: 921

Re: Zombie Gold

I said "never" (which may very well be proved wrong, because who knows?), probably because of inflation alone.

I bought my six coins at around $400 (each) in 1998.
by pjstack
Tue Feb 11, 2014 9:04 pm
Forum: Investing - Theory, News & General
Topic: Coming to terms with my awful track record
Replies: 20
Views: 2560

Re: Coming to terms with my awful track record

Yeah, it feels awful to lose a chunk of money. But don't be put off by people saying that it is (maybe) a good thing. When I was stationed in Las Vegas I figured out a "system" for winning at roulette (Casino owners LOVE guys like me with "systems"). Anyway, I won and thought, "working is for the bi...
by pjstack
Tue Feb 11, 2014 7:01 pm
Forum: Personal Investments
Topic: I-Bonds no longer reissued as paper?
Replies: 24
Views: 2080

Re: I-Bonds no longer reissued as paper?

Banks will cash them but they are not obligated to give you more than $1,000 in CASH.

But if you have an account at that bank they will transfer more than $1,000 to your account. Therefore, cash them at a bank where you have an account.
by pjstack
Sun Feb 09, 2014 12:48 pm
Forum: Personal Investments
Topic: Help Please! [Contributing to an IRA]
Replies: 5
Views: 420

Re: HELP PLEASE!

To the OP: Why do you think that the $500 should not be in a tax sheltered account?
by pjstack
Fri Feb 07, 2014 6:20 pm
Forum: Investing - Theory, News & General
Topic: Why are we not surprised? [Warren Buffett]
Replies: 4
Views: 1647

Re: Why are we not surprised?

I don't know the reason for the OP's post, but it's always nice to get a little positive reinforcement versus all the financial "noise" via CNBC, et al.
by pjstack
Fri Feb 07, 2014 5:32 pm
Forum: Investing - Theory, News & General
Topic: Do Bogleheads see this market dip as a buying point?
Replies: 127
Views: 17168

Re: Do Bogleheads see this market dip as a buying point?

Does anybody else who doesn't know what the hell they are talking about care to weigh in on this? A lot of support for this decision would certainly make me feel good. Hey, that describes me to a "t"! I don't have "extra" money to invest, but I do invest a certain amount automatically on the 5th of...
by pjstack
Thu Feb 06, 2014 3:31 am
Forum: Personal Finance (Not Investing)
Topic: Buying the most expensive house you can afford
Replies: 101
Views: 31889

Re: Buying the most expensive house you can afford

If a car dealer told you to buy the most expensive car you could afford, I think you would spot a flaw in the "rule of thumb" rather quickly. :D
by pjstack
Wed Feb 05, 2014 10:16 pm
Forum: Investing - Theory, News & General
Topic: Is 60/40 really the gold standard?
Replies: 35
Views: 6586

Re: Is 60/40 really the gold standard?

technovelist wrote:I can think of one other component that might be appropriate for a "gold standard" asset allocation. :D
You little devil, you. :twisted:
by pjstack
Tue Feb 04, 2014 1:49 am
Forum: Personal Investments
Topic: 2013 was good. Suggestion to park money in 2014.
Replies: 35
Views: 4277

Re: 2013 was good. Suggestion to park money in 2014.

Just curious; why did it take four years?
When did you get back in?
Did you add any money/savings during those four years?
by pjstack
Sat Feb 01, 2014 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Another Social Security spin......
Replies: 48
Views: 3842

Re: Another Social Security spin......

What do you folks think of my though process here? Is there anyone out there who thinks taking SS early has ANY REDEEMING VALUE....or are larger checks very late in life the be all & end all? I'm with you! I took it early (at 62); I didn't need the money as I was able to live OK on my military reti...
by pjstack
Thu Jan 30, 2014 1:33 am
Forum: Personal Finance (Not Investing)
Topic: Outstanding Steve Forbes Interview with Daniel Kahneman
Replies: 3
Views: 944

Re: Outstanding Steve Forbes Interview with Daniel Kahneman

I liked this quote: "But individual investors feel losses very keenly, and they should be aware of that. And what happens is if you’re not aware of that, when things go bad, you’ll want to change what you’re doing, and that’s the disaster in investing, I think. That’s here, it’s quite obvious that l...
by pjstack
Thu Jan 30, 2014 1:10 am
Forum: Investing - Theory, News & General
Topic: Bonds - Throw it all on the table!!!
Replies: 372
Views: 64808

Re: Bonds - Throw it all on the table!!!

I've reduced it all to one fund, VBIAX, which is "moderate growth" balanced fund, 60% stock and 40% bonds.
I also have some (paper) I-Bonds, which brings my total AA to more like 40% stock and 60% bonds.
by pjstack
Sat Jan 25, 2014 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: [What is] wrong with Treasury Direct website?
Replies: 79
Views: 11180

Re: [What is] wrong with Treasury Direct website?

You are being punished by Fate for laughing at us Luddites who have paper I-Bonds :D :twisted:
by pjstack
Tue Jan 21, 2014 7:32 pm
Forum: Investing - Theory, News & General
Topic: "The market is at an inflection point"
Replies: 16
Views: 2373

"The market is at an inflection point"

For those of you who follow the Elliot Wave theory (and I doubt many here do), here is an exposition of coming events. http://www.marketwatch.com/story/the-market-is-at-a-major-inflection-point-2014-01-21 It is a mind numbing series of "things to look for" to forecast the coming market pullback (or,...
by pjstack
Sat Jan 18, 2014 2:57 am
Forum: Personal Finance (Not Investing)
Topic: First Speeding Ticket: What Would You Do?
Replies: 72
Views: 8160

Re: First Speeding Ticket: What Would You Do?

Pay the $200 and move on.
by pjstack
Wed Jan 15, 2014 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Below Fair Market Value Rent vs Splitting Household Costs
Replies: 7
Views: 619

Re: Below Fair Market Value Rent vs Splitting Household Cost

You want to help out a friend for two months, right? (I guess he's a friend.)

Is it really going to cost you three hundred dollars in extra expenses?

Really?

Sorry, it's just not my idea of a favor.
by pjstack
Tue Jan 14, 2014 9:33 pm
Forum: Investing - Theory, News & General
Topic: AA in Retirement: Jane Bryant Quinn
Replies: 46
Views: 5955

Re: AA in Retirement: Jane Bryant Quinn

Goodness! If I'd known retirement was so complicated I would have been terrified when I retired from the Air Force at 43; I would have tried harder to get a job! But I didn't. Disclaimer: I had/have a military pension. I was single for most of the time until I got married at the tender age of 72. It...
by pjstack
Mon Jan 13, 2014 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: Tax returns - keep for 7 years? Longer?
Replies: 33
Views: 3793

Re: Tax returns - keep for 7 years? Longer?

I have mine from 1956. That's not "forever", but sometimes it feels like it!
by pjstack
Mon Jan 13, 2014 8:37 pm
Forum: Personal Investments
Topic: MF to ETF conversion
Replies: 4
Views: 470

Re: MF to ETF conversion

Thank you "jdilla1107", and thanks for the link, too.
by pjstack
Mon Jan 13, 2014 7:32 pm
Forum: Personal Investments
Topic: MF to ETF conversion
Replies: 4
Views: 470

Re: MF to ETF conversion

Are ETF's insured by SPIC? I don't think so; someone please correct me if I'm wrong.
by pjstack
Sun Jan 12, 2014 9:36 pm
Forum: Personal Consumer Issues
Topic: Poll: Understanding the average forum member age
Replies: 56
Views: 6289

Re: Poll: Understanding the average forum member age

enderland wrote:Holy wow I feel young at 25.
You are! You are! (Enjoy!)
by pjstack
Sun Jan 12, 2014 9:11 pm
Forum: Personal Investments
Topic: Paycheck deposits into taxable fund?
Replies: 2
Views: 371

Re: Paycheck deposits into taxable fund?

Looks good to me!
by pjstack
Thu Jan 09, 2014 7:48 pm
Forum: Personal Investments
Topic: Ibond questions
Replies: 27
Views: 2758

Re: Ibond questions

I buy (only) paper I-Bonds for three reasons: (1) I don't want to cope with the Treasury Direct web site (I am a Luddite). (2) I don't have enough extra money available to bother using the TD website anyway. (3) They are in my safety deposit box, and when found will LOOK like money (denominations pr...
by pjstack
Tue Jan 07, 2014 3:09 am
Forum: Personal Finance (Not Investing)
Topic: Looking for Actual Experiences with Umbrella Insurance
Replies: 79
Views: 12034

Re: Looking for Actual Experiences with Umbrella Insurance

I'm always surprised at the number of people who are afraid that springing for a couple of hundred bucks for a million dollars of coverage will somehow be "wasted". Heck, buy the bare minimum of coverage required by law! Nothing is ever going to happen to you ! I certainly hope all my insurance prem...
by pjstack
Sun Jan 05, 2014 5:33 pm
Forum: Investing - Theory, News & General
Topic: Do you invest in a taxable account?
Replies: 111
Views: 17475

Re: Do you invest in a taxable account?

I really have few other options. I live on a military pension and do not have "earned income".

My only tax deferred option is I-Bonds (which I have bought, but paper I-Bonds only).
by pjstack
Sat Jan 04, 2014 7:35 pm
Forum: Investing - Theory, News & General
Topic: Net Worth Survey, 2014 Edition
Replies: 149
Views: 39574

Re: Net Worth Survey, 2014 Edition

Ooops! #81 & 82 are double entries for me. Sorry. :oops: :oops:
by pjstack
Fri Jan 03, 2014 10:28 pm
Forum: Personal Investments
Topic: Vanguard automatic transactions - any pitfalls?
Replies: 12
Views: 1952

Re: Vanguard automatic transactions - any pitfalls?

Also, you can "skip a month" (if the need arises) through the Vanguard website.
by pjstack
Thu Jan 02, 2014 4:28 pm
Forum: Personal Consumer Issues
Topic: The Funniest Movie Ever
Replies: 227
Views: 23739

Re: The Funniest Movie Ever

"Young Frankenstein". Frau Blucher and Igor ("That's EYEgor")
by pjstack
Wed Jan 01, 2014 4:42 pm
Forum: Investing - Theory, News & General
Topic: REGISTRATION FOR THE 2014 BOGLEHEAD CONTEST
Replies: 537
Views: 33609

Re: REGISTRATION FOR THE 2014 BOGLEHEAD CONTEST

2033.20 (Hoping for a ten% increase!)
by pjstack
Thu Dec 26, 2013 2:42 pm
Forum: Investing - Theory, News & General
Topic: Putting together my annual list of sure things
Replies: 25
Views: 3096

Re: Putting together my annual list of sure things

There is always J.P. Morgan's "sure thing". When asked about the future of the markets, he said, "They will fluctuate".

Still a sure thing.
by pjstack
Tue Dec 17, 2013 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: More Forms for Federal Tax filing this year
Replies: 66
Views: 5734

Re: More Forms for Federal Tax filing this year

Ah, the perils of wealth! :)
by pjstack
Tue Dec 10, 2013 7:28 pm
Forum: Personal Consumer Issues
Topic: My experience with "Big Death"
Replies: 32
Views: 4673

Re: My experience with "Big Death"

I have arranged for a pre-paid cremation via the Neptune Society. I'm also an organ donor (although I'm doubtful if my presently 78 yr. old organs will be very useful!).
by pjstack
Tue Dec 03, 2013 5:11 pm
Forum: Personal Investments
Topic: Roth IRA money transfer.....
Replies: 4
Views: 525

Re: Roth IRA money transfer.....

Make sure it will be a custodian to custodian transfer. In other words, don't have a check made out to you or taxes will occur.