VTSAX (Vanguard total US stock market) is my only stock fund, but you may want to consider adding an international stock fund as well.
Best to you,
Dan
Search found 2288 matches
- Mon Jan 24, 2022 8:56 am
- Forum: Personal Investments
- Topic: Is Vanguard Total Stock all I need?
- Replies: 18
- Views: 2850
- Mon Jan 24, 2022 8:53 am
- Forum: Personal Investments
- Topic: Portfolio comparison using MYGA's vs: bond funds
- Replies: 14
- Views: 1490
Re: Portfolio comparison using MYGA's vs: bond funds
I have noticed that there have been several questions with replacing bond funds with MYGA's. I have also been exploring this and I would apprecite a Boglehead with professional software to compare my portfolio with a portfolio that replaces All bond funds with a fixed compounded rate of 3%, then 3.5% and 4%. Please compare average return, worst year and best year for each portfolio. I can't think of any reasonable way to run this comparison, in large parts because MYGAs aren't particularly interchangeable with bonds funds. They are more akin to CDs than anything else because of the fixed time horizon and interest rate. For most investors I wouldn't suggest a MYGA as a repl acement for a bond fund. Can you give the reasoning behind this sta...
- Sun Jan 16, 2022 1:18 pm
- Forum: Personal Finance (Not Investing)
- Topic: Social security question
- Replies: 11
- Views: 1432
Re: Social security question
My wife became a SAHM a number of years ago. In reviewing her social security statement, I see that she has 37 credits. From what I understand about social security, she needs 40 credits where 1 credit is $1,410 of earned wages. The benefits listed on the statement assume "Your estimated taxable earnings per year after 2020: $43,000" which is likely not going to be true since she probably won't return to work. Does anyone know if there is a way to run scenarios, e.g. if my wife works for a few months at Starbucks to get to 40 credits, what the retirement benefit would be at her retirement age? I'm just curious whether it's even worth it for her to do that. You may be overthinking this. If you have been married for more than 10 ye...
- Sun Jan 16, 2022 1:15 pm
- Forum: Personal Finance (Not Investing)
- Topic: Which do you think is better and why Medicare Advantage or Medigap?
- Replies: 206
- Views: 20930
Re: Which do you think is better and why Medicare Advantage or Medigap?
Look up a SHIP(Senior Health Insurance Program) counselor and call for an appointment. They will give you information on both
Medigap and Medicare Advantage as well as basic Medicare. They will not try to push you in one direction, but will educate you on the benefits of each one. They are state volunteers and do not make any money by suggesting certain policies.
Dan
Medigap and Medicare Advantage as well as basic Medicare. They will not try to push you in one direction, but will educate you on the benefits of each one. They are state volunteers and do not make any money by suggesting certain policies.
Dan
- Sun Jan 16, 2022 1:11 pm
- Forum: Personal Investments
- Topic: Wellesley for bonds allocation?
- Replies: 7
- Views: 1090
Re: Wellesley for bonds allocation?
Yes you can, but remember that it is more risky than a normal fund due to 40% of it being in value large cap stocks. If you want
50% of your allocation in bonds, don't count all of Wellesley, just 60% of it for bonds. You could do worse for sure!!!
Dan
- Sun Jan 16, 2022 1:01 pm
- Forum: Investing - Theory, News & General
- Topic: RIP Jack Bogle
- Replies: 71
- Views: 9096
Re: RIP Jack Bogle
Thanks Tony, I enjoy your 2 fund posts and am a big fan of yours!!abuss368 wrote: ↑Sun Jan 16, 2022 12:38 pmHi Dan -dwickenh wrote: ↑Sun Jan 16, 2022 9:05 am I am very happy to have attended a Boglehead conference and had the chance to shake Jack's hand. He also signed his
latest edition of "The Little Book of Common Sense Investing" for me and I will treasure it until I hand it down to my eldest
son.
I also miss hearing him speak of fresh ideas and confirmation of his great intelligence.
Dan
Your post speaks to me. My bookshelf only has Jack Bogle’s books remaining on it. All other books have been removed and donated. Jack’s books will always be on my shelf as I refer to them when questions arise. I too plan to provide to the kids someday and keep them in the family.
Best.
Tony
Dan
- Sun Jan 16, 2022 9:05 am
- Forum: Investing - Theory, News & General
- Topic: RIP Jack Bogle
- Replies: 71
- Views: 9096
Re: RIP Jack Bogle
I am very happy to have attended a Boglehead conference and had the chance to shake Jack's hand. He also signed his
latest edition of "The Little Book of Common Sense Investing" for me and I will treasure it until I hand it down to my eldest
son.
I also miss hearing him speak of fresh ideas and confirmation of his great intelligence.
Dan
latest edition of "The Little Book of Common Sense Investing" for me and I will treasure it until I hand it down to my eldest
son.
I also miss hearing him speak of fresh ideas and confirmation of his great intelligence.
Dan
- Sun Jan 16, 2022 8:58 am
- Forum: Investing - Theory, News & General
- Topic: What is the Radio Guy Selling?
- Replies: 13
- Views: 2118
Re: What is the Radio Guy Selling?
There's a weekly radio show that is frequently played in this area hosted by a very personable, fun RIA. He talks a lot about being a fiduciary (no surprise) and helping investors create a "stream of income" that they "can't outlive". He doesn't talk much about stocks, mutual funds, or bonds much. It's pretty much about creating that income you can't outlive. What do you think he's selling? My guess is of course some kind of annuity, but I'm not sure. He is selling people with all the "keywords and phrases" (aka frosting/drool factor) so they will contact him so that he can get them to walk into his office to sell them financial products and his services (cake). Even with a phone call, there might not be speci...
- Sun Jan 16, 2022 8:55 am
- Forum: Personal Finance (Not Investing)
- Topic: Eligible to convert Traditional to Roth IRA ?
- Replies: 5
- Views: 637
Re: Eligible to convert Traditional to Roth IRA ?
Look for the many posts on Backdoor Roths.
Dan
Dan
- Sat Jan 08, 2022 6:59 pm
- Forum: Investing - Theory, News & General
- Topic: Does "international" offer any diversification?
- Replies: 483
- Views: 36886
Re: International Diversification -- why why???
The U.S. economy is nothing like Japan"s Economy. Japan's problems were and are more related to a veryBlue456 wrote: ↑Sat Jan 08, 2022 2:53 pmInsurance against something like Japan.goldenteeth wrote: ↑Sat Jan 08, 2022 11:07 am Could people please give their opinion on why International Diversification is needed?
concentrated and less diverse economy than many countries.
- Sat Jan 08, 2022 6:54 pm
- Forum: Personal Consumer Issues
- Topic: Car pulling to left after alignment
- Replies: 27
- Views: 2327
Re: Car pulling to left after alignment
^^^^^^^Thisnewmoney wrote: ↑Sat Jan 01, 2022 12:50 pmYep that is my next stepJack FFR1846 wrote: ↑Fri Dec 31, 2021 6:36 pm Swap fronts to back....backs to front. Assuming you only hit front wheel on that medium.
- Thu Dec 30, 2021 9:57 am
- Forum: Personal Finance (Not Investing)
- Topic: Too late for Roth conversion?
- Replies: 3
- Views: 456
Re: Too late for Roth conversion?
Not too late, will happen at the end of the day today!!!
- Tue Dec 28, 2021 11:43 am
- Forum: Personal Investments
- Topic: Financial advisor for federal employees
- Replies: 37
- Views: 3369
Re: Financial advisor for federal employees
From what he has told me, it is an hourly charge for consultation. No Assets under management charges.retiredjg wrote: ↑Tue Dec 28, 2021 11:36 amI don't recall having seen this before. I went through the links under "get started" (at the very top)....definitely a Boglehead-like playbook!dwickenh wrote: ↑Tue Dec 28, 2021 10:25 am This may be a good source for low cost assistance with the TSP. I happen to know this guy and he is a true Boglehead. He is a federal employee along with his wife, so he has some great insights.
https://tspcounselor.com/
Dan
His fees are not mentioned, but if I were looking for advice for federal employees, this is a place I would look.
Dan
- Tue Dec 28, 2021 10:25 am
- Forum: Personal Investments
- Topic: Financial advisor for federal employees
- Replies: 37
- Views: 3369
Re: Financial advisor for federal employees
This may be a good source for low cost assistance with the TSP. I happen to know this guy and he is a true Boglehead. He is a federal employee along with his wife, so he has some great insights.
https://tspcounselor.com/
Dan
https://tspcounselor.com/
Dan
- Tue Dec 28, 2021 10:20 am
- Forum: Personal Consumer Issues
- Topic: Looking for golf destination 50-60 degree temps
- Replies: 17
- Views: 2224
Re: Looking for golf destination 50-60 degree temps
We live in the Crossville/Lake Tansi area of TN, the "Golf Capital of TN". Plenty of courses for all levels. You could do a lot worse than here for golfing at this time of the year. Yesterday it was 68 and sunny. It will get colder at times during the winter but we get very little in the way of snow, and you will always be able to golf throughout the winter months. Another area we know well is Myrtle Beach, SC. This time of the year it is much quieter and more amenable for golfing. Stay away during the summer months; it is a madhouse then and too hot. This week it is hitting about 70 but will fall back into the upper 50s next week. Lots of sunshine, though. Sorry for the delayed reply to all your comments. We live in a rural area...
- Thu Dec 23, 2021 9:48 am
- Forum: Personal Finance (Not Investing)
- Topic: Custodial Account as Training Wheels?
- Replies: 11
- Views: 948
Re: Custodial Account as Training Wheels?
Compounding with time is the answer. I just started a UTMA at Fidelity for my great neice who just turned 1 year old
I started it with 3K and add 100 per month so far. Her mother is a youth minister and makes very low wages, but it is a
job she loves. I think it's a good use of money instead of a material purchase I likely would not enjoy.
Dan
- Sun Dec 19, 2021 10:01 am
- Forum: Investing - Theory, News & General
- Topic: HumbleDollar article…good reading
- Replies: 7
- Views: 2641
Re: HumbleDollar article…good reading
Keep reading Charlie Ellis as he seems to always favor 100% equities if you can sleep at night.Carol88888 wrote: ↑Sun Dec 19, 2021 9:39 am "If our spending does not exceed our income, then the bond layer can be small, probably zero."
Bingo! That's my justification for 100% equity.
- Sun Dec 19, 2021 9:58 am
- Forum: Personal Consumer Issues
- Topic: GoodRx
- Replies: 25
- Views: 3115
Re: GoodRx
You mean it never showed a savings over paying without Good rx ?
- Fri Dec 17, 2021 8:08 pm
- Forum: Investing - Theory, News & General
- Topic: What is your age and asset allocation ?
- Replies: 1156
- Views: 150821
Re: What is your percentage split between stocks and bonds?
50/50 .... Half the time I wish I had more, the other half I'm glad I don't.....
Dan
Dan
- Thu Dec 16, 2021 7:50 am
- Forum: Investing - Theory, News & General
- Topic: What adjustments are you making to your portfolio for 2022?
- Replies: 141
- Views: 12839
Re: What adjustments are you making to your portfolio for 2022?
Re-balance when needed and travel to as many destinations as possible.....
Life is short, enjoy it while you can.
Dan
Life is short, enjoy it while you can.
Dan
- Sun Dec 05, 2021 7:50 pm
- Forum: Investing - Theory, News & General
- Topic: "Mix And Match" by Jonathan Clements
- Replies: 11
- Views: 3193
Re: "Mix And Match" by Jonathan Clements
Taylor,
I read that on his website and immediately thought of you Taylor!!! You have never changed your stance in the time
I have been active on this website. If I ever think of adding some fund or ETF, I think of your wisdom and stay the course
with my 3 funds.
Best wishes and health to you,
Dan
I read that on his website and immediately thought of you Taylor!!! You have never changed your stance in the time
I have been active on this website. If I ever think of adding some fund or ETF, I think of your wisdom and stay the course
with my 3 funds.
Best wishes and health to you,
Dan
- Sun Dec 05, 2021 7:42 pm
- Forum: Investing - Theory, News & General
- Topic: BST seems awesome. Too good to be true? [BlackRock Science and Technology Trust]
- Replies: 7
- Views: 1081
Re: BST seems awesome. Too good to be true?
Maybe because there is no guarantee that it will continue to have exceptional returns. It's down this year so maybe reversion to the mean. Who knows, place your bets.......
- Sat Nov 27, 2021 10:13 am
- Forum: Personal Finance (Not Investing)
- Topic: LTC Strategies - Options and what are people doing?
- Replies: 61
- Views: 5754
Re: LTC Strategies - Options and what are people doing?
Self insuring may not be as expensive as suggested. SO's sister is in Long Term Care at 72000 per year but also has income of 5400.00 per month from pension, SS, investments, 2 small annuities. This leaves a shortfall of 600.00 per month not including spending money(200 per month is plenty it seems). It appears that saving 200,000 to 400,000 in conservative investments would have been a mistake in her case. She is 80 with health problems and life expectancy of less than 7 years. 10,000 per year for 7 years would total 70,000 needed for long term care. Every case is different, but I think the amounts to save for self insurance should take into account current income from other sources. Medical bills could add up to 5000 per year to the total...
- Sat Nov 27, 2021 10:02 am
- Forum: Personal Investments
- Topic: Willing to share your Taxable Portfolio?
- Replies: 381
- Views: 57299
Re: Willing to share your Taxable Portfolio?
70% VTSAX
30% Ultra short term bond(sold my residence and holding for purchase in 2-3 years)
Dan
30% Ultra short term bond(sold my residence and holding for purchase in 2-3 years)
Dan
- Sat Nov 27, 2021 9:52 am
- Forum: Investing - Theory, News & General
- Topic: Thinking about dialing back on int'l bonds and adding tips
- Replies: 19
- Views: 2055
- Fri Nov 12, 2021 6:49 am
- Forum: Personal Investments
- Topic: Unable to convert tIRA to Roth.
- Replies: 6
- Views: 763
Re: Unable to convert tIRA to Roth.
This ^^^^^^runninginvestor wrote: ↑Fri Nov 12, 2021 6:44 am Does it say you have funds available to withdraw? It'll take 7-10 days for funds to clear for withdrawal.
Additionally, you have another Roth IRA setup to put the funds into, right?
- Fri Nov 05, 2021 8:06 pm
- Forum: Personal Investments
- Topic: U.S. vs International Stock Allocation
- Replies: 203
- Views: 22301
Re: U.S. vs International Stock Allocation
75/25 is fine.john963red wrote: ↑Fri Nov 05, 2021 6:18 pm Is there a rule of thumb for deciding on the stock allocation between U.S. and international for a three fund portfolio? I was reading the Bogleheads wiki, "Domestic/International," where it mentioned a 70/30 split being the most efficient. However, it's clear this may not have been updated in a long while, since the data used ends at 2007. Is this choice of allocation entirely up to the investor? For example, would a 75/25 split leave you terrible worse off when compared to a 70/30 US/international split?
- Mon Nov 01, 2021 9:29 am
- Forum: Personal Investments
- Topic: Is Vanguard so bad?
- Replies: 402
- Views: 46659
Re: Is Vanguard so bad?
Annuity salesman, life insurance salesman, other brokerages, financial advisors with high ER funds to sell........
I made a flawless trade at 6 a.m. this morning, no issues.
- Mon Nov 01, 2021 7:34 am
- Forum: Personal Investments
- Topic: Help with portfolio, in early 60s, wife about to retire UPDATE
- Replies: 17
- Views: 2452
Re: Help with portfolio, in early 60s, wife about to retire UPDATE
The new IRA at Vanguard would be in her name, with you as the beneficiary (presumably :D ). As mentioned above, no tax due if you sell the Walmart stock either in the existing 401k or after it is transferred to Vanguard as long as it stays in an IRA. That would be correct. As noted we have been discussing moving to Vanguard strictly for convenience sake, to have our money in one place, and for more investment options. There are very few options in this company-based account. I helped my Sister in law do a Walmart 401K to Vanguard IRA rollover 2 years ago. She liquidated everything in the 401K and just moved the cash over to Vanguard. She wanted a 1 fund solution with conservative risk and automatic re-balancing. She is invested in Wellesle...
- Mon Nov 01, 2021 7:18 am
- Forum: Personal Investments
- Topic: Corporate Bonds?
- Replies: 34
- Views: 4110
Re: Corporate Bonds?
Like most, trying to beat the paltry returns on HYSAs, looking around. As well, like many, have nearly dead money on the sidelines. Thoughts on corporate bonds? eg. Apple, T Mobile, etc.? I don't see them mentioned often....understand there are risks, similar to the stock itself. Just would appreciate any thoughts or words from first hand experience. Thank you. The only way I would invest in corporate bonds is via a corporate bond fund. IMO there is no good reason to take on the risk of an individual company defaulting on their bonds. Sometimes, even large respected companies fall on hard times. GE, Kodak, etc. Comparing corporate bond funds to government bond funds, you get a little more yield for a little more risk. Individual Treasury b...
- Sun Oct 24, 2021 4:41 pm
- Forum: Investing - Theory, News & General
- Topic: Jack Bogle -- "A Kinder, Gentler Capitalist"
- Replies: 16
- Views: 2344
Re: Jack Bogle -- "A Kinder, Gentler Capitalist"
Thank you Taylor for linking the article and carrying on in the spirit of Jack!!
Dan
Dan
- Tue Oct 05, 2021 10:44 am
- Forum: Personal Investments
- Topic: Taxable Investment Acct - Joint or Individual
- Replies: 13
- Views: 1726
Re: Taxable Investment Acct - Joint or Individual
I had a taxable account step up cost basis experience with Vanguard in 2019 and they handled it seamlessly. They confirmed the event without a death certificate and concluded it promptly.
Dan
Dan
- Sun Oct 03, 2021 8:32 am
- Forum: Investing - Theory, News & General
- Topic: 2021 was the year International was finally going to outperform
- Replies: 354
- Views: 28953
Re: 2021 was the year International was finally going to outperform
I only need 15 to 20 years as no one gets out of this alive!!!secondopinion wrote: ↑Fri Oct 01, 2021 2:02 pmPrecisely; unless we expect economic world domination by the US (the result of meaningful outperformance on to infinity), outperformance of the US will only go so far and then it is an ebb and flow. Why should I expect the US to do continue to do better after 30-50 years?
Dan
- Mon Sep 13, 2021 7:59 am
- Forum: Personal Finance (Not Investing)
- Topic: problems with Paypal
- Replies: 20
- Views: 1968
Re: problems with Paypal
Have been using Paypal for over 12 years without any problems. I enjoy the ease of receiving money for mortgages I own.
Dan
Dan
- Mon Sep 06, 2021 9:21 pm
- Forum: Personal Consumer Issues
- Topic: Insurance Question
- Replies: 9
- Views: 1113
Re: Insurance Question
I agree that i would get USAA involved for leverage, if no other reason. This should be a covered loss as the damage is not due to typical wear and was a sudden event caused by incorrect towing. Remember that you may have a deductible that will apply- likely a comprehensive deductible. I never handled such a claim in more than 23 years of auto claims experience, it was usually taken care of by the tow company. Dan Again, what insured peril applies to this loss? Typical comprehensive perils include Theft, Fire, Flood, Wind (like tornados),Vandalism, Falling objects (like trees). Damage during transport is often considered a covered loss under collision or comprehensive. The tow truck was transporting the vehicle and damage ensued. The conta...
- Mon Sep 06, 2021 6:25 pm
- Forum: Personal Consumer Issues
- Topic: Insurance Question
- Replies: 9
- Views: 1113
Re: Insurance Question
I agree that i would get USAA involved for leverage, if no other reason. This should be a covered loss as the damage is not due to
typical wear and was a sudden event caused by incorrect towing. Remember that you may have a deductible that will apply- likely a comprehensive deductible. I never handled such a claim in more than 23 years of auto claims experience, it was usually taken care
of by the tow company.
Dan
typical wear and was a sudden event caused by incorrect towing. Remember that you may have a deductible that will apply- likely a comprehensive deductible. I never handled such a claim in more than 23 years of auto claims experience, it was usually taken care
of by the tow company.
Dan
- Wed Aug 25, 2021 5:17 pm
- Forum: Personal Investments
- Topic: What is your opinion of using Vanguard Voice verification?
- Replies: 56
- Views: 7150
Re: What is your opinion of using Vanguard Voice verification?
+1 same hereruralavalon wrote: ↑Wed Aug 25, 2021 3:29 pm I use voice verification, it seems to work fine. I don't call very often, maybe once a year.
Dan
- Wed Aug 25, 2021 5:08 pm
- Forum: Personal Consumer Issues
- Topic: Household going carbon neutral
- Replies: 42
- Views: 2917
Re: Household going carbon neutral
I've already done this to save money, but if that helps carbon emissions I'll take credit. Geothermal, insulated, hybrid vehicles, recycled heat pump water heater. What sort of geothermal do you have in IL? (And go Cards!) I have 3- 150ft holes behind my home that were drilled in 2011 when the house was built. Heatpump located in the basement that recirculates the heated geo solution through the water heater for reduced costs. I'm all electric with average bills below 100.00 and many months in the 60-70 dollar range. I also upgraded to R-15 in the walls with good blown in insulation in the attic. Payback with tax rebate for the Geo was about 48 months in 2011. Best to you, Dan That is really cool. Is it just for hot water? Or do you actual...
- Wed Aug 25, 2021 5:06 pm
- Forum: Personal Investments
- Topic: What brokerage/app for a new custodial account for my son
- Replies: 10
- Views: 931
Re: What brokerage/app for a new custodial account for my son
I am currently working with Vanguard to open a UGMA account for a 9 month old relative. This will come under her control at the age specified by state statutes where the minor is located.
- Wed Aug 25, 2021 4:58 pm
- Forum: Personal Consumer Issues
- Topic: Household going carbon neutral
- Replies: 42
- Views: 2917
Re: Household going carbon neutral
I have 3- 150ft holes behind my home that were drilled in 2011 when the house was built. Heatpump located invanbogle59 wrote: ↑Wed Aug 25, 2021 4:46 pmWhat sort of geothermal do you have in IL?
(And go Cards!)
the basement that recirculates the heated geo solution through the water heater for reduced costs. I'm all electric
with average bills below 100.00 and many months in the 60-70 dollar range. I also upgraded to R-15 in the walls with
good blown in insulation in the attic. Payback with tax rebate for the Geo was about 48 months in 2011.
Best to you,
Dan
- Wed Aug 25, 2021 4:53 pm
- Forum: Personal Investments
- Topic: Why am I bothering with a taxable account?
- Replies: 56
- Views: 8730
Re: Why am I bothering with a taxable account?
Those with lower incomes can use the taxable account to control income during the Affordable Care Act years before Medicare.
It worked great for me.
Dan
It worked great for me.
Dan
- Wed Aug 25, 2021 4:43 pm
- Forum: Personal Consumer Issues
- Topic: Household going carbon neutral
- Replies: 42
- Views: 2917
Re: Household going carbon neutral
I've already done this to save money, but if that helps carbon emissions I'll take credit. Geothermal, insulated, hybrid vehicles, recycled heat pump water heater.
- Sat Aug 21, 2021 8:00 pm
- Forum: Personal Consumer Issues
- Topic: Geothermal is not worth it in my case - correct?
- Replies: 28
- Views: 3429
Re: Geothermal is not worth it in my case - correct?
I had geo installed in a new build in 2011 in the St Louis Metro area(Illinois side) at a cost of 12500. They drilled 3 x 150 ft holes verticle and I received a 30% tax rebate for a total cost of about 8750.00 The conventional system cost would have been 4400, so total cost difference for geo was 4350.00 I was all electric and my heating and cooling bills averaged under 100.00 per month total electric bill. I believe the savings were closer to 50% in an energy efficient/insulated home. My payback was 48 months. I never had any problems and also had a cleanable filter. Sold the house this July and new owner was amazed at the energy savings. YMMV.
Dan
Dan
- Sat Aug 21, 2021 6:53 pm
- Forum: Investing - Theory, News & General
- Topic: Vanguard's Wellesley Income fund is incredible
- Replies: 716
- Views: 177131
Re: Vanguard's Wellesley Income fund is incredible
That's my 2 funder!!! Well 3 as I put 25% in VBTLX and 25% in VBILX on the bond side.
Dan
- Sun Aug 15, 2021 12:58 pm
- Forum: Personal Finance (Not Investing)
- Topic: How to prove to IRS that this P2P payment was not an income?
- Replies: 25
- Views: 2639
Re: How to prove to IRS that this P2P payment was not an income?
You can "gift" someone up to $15,000 a year (2021 amount) https://smartasset.com/retirement/gift-tax-limits Which means despite being required to charge interest on a loan, you can forgive the interest as a "gift" to them as long as it's under $15,000 in the year. As a side note, if the entire amount (principal and interest) is under $15,000 the whole thing can just be chalked up to a "gift" without tax implications. It happens to be around 14K. But this got me thinking what if it was, say 20k. I would honestly never think of even bringing up the interest while borrowing or loaning to a friend/family. But of course laws are laws and don't care about our personal principles/beliefs. I currently have a 118,000 l...
- Sun Aug 15, 2021 9:17 am
- Forum: Investing - Theory, News & General
- Topic: Vanguard money market
- Replies: 15
- Views: 2427
Re: Vanguard money market
You could try the ultra short term bond fund at .37 at the moment
https://investor.vanguard.com/mutual-fu ... view/vusfx
It is not a money market, but the ultra short term nature of the bonds makes it
less likely to bleed during interest rate changes. CDs might also be a choice.
Dan
https://investor.vanguard.com/mutual-fu ... view/vusfx
It is not a money market, but the ultra short term nature of the bonds makes it
less likely to bleed during interest rate changes. CDs might also be a choice.
Dan
- Sun Aug 15, 2021 9:11 am
- Forum: Personal Finance (Not Investing)
- Topic: How to prove to IRS that this P2P payment was not an income?
- Replies: 25
- Views: 2639
Re: How to prove to IRS that this P2P payment was not an income?
So do whatever until you are audited sounds a little dangerous... interest and penalties are a real thing with the IRS. You makelivesoft wrote: ↑Sun Aug 15, 2021 9:02 am What you do before an audit will not matter I think. You can do all the same stuff after an audit. So simply wait for the audit if it happens and ask the IRS what they need if they ask you for more information.
Family members lend money all the time to each other. The IRS knows this already. IRS auditors almost certainly have lent money to their own family members.
the auditors sound human, when we all know they are not:) Maybe you have an inside track to the IRS auditors that most people are unaware.
Best,
Dan
- Sun Aug 15, 2021 8:59 am
- Forum: Personal Finance (Not Investing)
- Topic: How to prove to IRS that this P2P payment was not an income?
- Replies: 25
- Views: 2639
Re: How to prove to IRS that this P2P payment was not an income?
There is a required minimum interest rate posted monthly by the Fed/IRS. You would be required to report interest, or it should be a gift with no pay back. Link to rates below....
https://apps.irs.gov/app/picklist/list/ ... Rates.html
https://apps.irs.gov/app/picklist/list/ ... Rates.html
- Mon Jul 26, 2021 8:12 am
- Forum: Personal Investments
- Topic: Choosing bonds for family nest egg
- Replies: 7
- Views: 1018
Re: Choosing bonds for family nest egg
Link for New York Long term shows a duration of 5.1 years which would match most intermediate bond funds.
Maybe take a look at it paired with a short term fund?
Added benefit of federal and state tax free.
https://investor.vanguard.com/mutual-fu ... olio/vnytx
Dan
Maybe take a look at it paired with a short term fund?
Added benefit of federal and state tax free.
https://investor.vanguard.com/mutual-fu ... olio/vnytx
Dan
- Sun Jun 06, 2021 8:57 am
- Forum: Personal Consumer Issues
- Topic: How much do you spend on a hotel per night on a family vacation?
- Replies: 171
- Views: 23330
Re: How much do you spend on a hotel per night on a family vacation?
I'm a big fan of Drury Inns due to clean rooms, reasonable cost(110 to 125), free dinner, free drinks(3 per night), and hot breakfast. It's really great if you're feeding a family.