Search found 2288 matches

by dwickenh
Sun Jan 01, 2023 4:01 pm
Forum: Forum Issues and Administration
Topic: Time to thank those that keep this Forum going.
Replies: 27
Views: 8506

Re: Time to thank those that keep this Forum going.

Great response and thanks to all that donated so far.

Dan
by dwickenh
Thu Dec 29, 2022 2:07 pm
Forum: Forum Issues and Administration
Topic: Time to thank those that keep this Forum going.
Replies: 27
Views: 8506

Re: Time to thank those that keep this Forum going.

Bump this for more exposure and hopefully donations!!! Feel free to move this
to personal investing for more exposure.

Dan
by dwickenh
Thu Dec 29, 2022 11:13 am
Forum: Forum Issues and Administration
Topic: Time to thank those that keep this Forum going.
Replies: 27
Views: 8506

Time to thank those that keep this Forum going.

It is the time of year to give thanks(and money) to those that keep this forum up to date. I would not be anywhere close to the success in investing I have experienced without the great input from posters here. I realize it takes time to keep this forum running smoothly and I wanted to thank the people behind the scene. There are too many to name, but I appreciate all of you. My contribution today is a reminder to others that there is no charge for the great experience and information received here.

You donated $75.00 USD to paypal@gostynska.com

Thank you for using PayPal

If you feel the same way, there is a link at the top of the forum for "Support this site".

Dan
by dwickenh
Wed Dec 28, 2022 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Software
Replies: 78
Views: 7640

Re: Tax Software

I use taxSlayer as it is the one I use as a VITA tax volunteer. It is easy to use for me. I do my own taxes and get my information from Vanguard, Fidelity, and 3 Banks. I do not know of one that holds all the information and does the taxes in one operation. Dan I've been training to be an AARP tax aide and they say Taxslayer does not calculate the taxable part of pensions correctly and have us use a workaround. Do you guys do that too? That is correct for Illinois- Social Security is not taxable and Taxslayer removes it from the Illinois return. You have to deduct the pensions(not taxable in Illinois) other than D code in box 7 as it is taxable in Illinois. Annuities are mostly the ones where a separate calculation has to be done for the f...
by dwickenh
Sat Dec 10, 2022 7:37 am
Forum: Personal Investments
Topic: Do You Diversify Bond Portion of Three-Fund Portfolio? (Bond Health Check)
Replies: 21
Views: 1593

Re: Do You Diversify Bond Portion of Three-Fund Portfolio? (Bond Health Check)

My SS and pension cover 100% of my budget at this time. I use a blend of VBTLX(total bond) and VBILX(intermediate bond index) for my 40-50% in bonds. I may shorten the duration in a couple years at 70 in anticipation of RMDS starting. My tax deferred account is 85% bonds at this time.
I think your allocation for fixed income is as good as any.

Best to you,

Dan
by dwickenh
Mon Dec 05, 2022 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Estimating 2022 Income and Tax Planning
Replies: 31
Views: 3127

Re: Estimating 2022 Income and Tax Planning

LifeIsGood wrote: Mon Dec 05, 2022 8:13 am A Roth conversion wouldn’t change my MAGI but I could tweak how much of my IRA RMD would go to a QCD.
I’ve made sufficient estimated tax payments to satisy safe harbor requirements.
sycamore wrote: Mon Dec 05, 2022 7:32 am
LifeIsGood wrote: Mon Dec 05, 2022 6:18 am I haven't made my QCD yet. Last year I could have increased my QCD by $3K and saved $6K in IRMAA charges !
livesoft wrote: Mon Dec 05, 2022 5:33 am However, what action do you plan to take to avoid a penalty tax? Just knowing the exact numbers and doing nothing about it is the same as not knowing the numbers.
I guess you mean taking a QCD instead of a withdrawal to yourself or a Roth conversion?
A Roth conversion would change your Magi as you can't do a Roth conversion with your RMD.
by dwickenh
Sun Nov 27, 2022 10:12 am
Forum: Personal Investments
Topic: Not Reinvest Dividends In Taxable as a Source of Cash?
Replies: 27
Views: 2674

Re: Not Reinvest Dividends In Taxable as a Source of Cash?

livesoft wrote: Sat Nov 26, 2022 2:36 pm We are retired and we have our taxable account dividends sent to our checking account to pay expenses. We do not reinvest those dividends.

OTOH, the dividends show up only four times a year near the end of every calendar quarter (March, June, September, and December), so that's not enough to pay all our expenses throughout the year.
Same here, that is the only income I am taking from any accounts(taxable/TIRA, Roth). The tax is already being paid so
I have it sent to my regular checking account 4 times a year. I need to spend more, but the dividends, SS check, and pension
pay all of my bills. That will change soon with a new house being built in Tennessee this spring.
by dwickenh
Wed Nov 23, 2022 8:49 am
Forum: Personal Finance (Not Investing)
Topic: Question about step-up in basis upon death of first spouse
Replies: 20
Views: 1586

Re: Question about step-up in basis upon death of first spouse

05/13/2019 1,125.9150 $61.64 $69,395.77 $109,720.42

+$40,324.65
+$40,324.65
+58.11%
The shares in this lot have been adjusted due to inheritance.
05/13/2019 493.2090 $65.91 $32,507.37 $48,063.22

+$15,555.85
+$15,555.85
+47.85%

It appears like this in my cost basis.
by dwickenh
Wed Nov 23, 2022 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Question about step-up in basis upon death of first spouse
Replies: 20
Views: 1586

Re: Question about step-up in basis upon death of first spouse

At Vanguard they all got a 50% step up in basis. It was easy to get this accomplished by phone with the Vanguard Rep Dan Dan, does this show up on any paperwork from Vanguard, and online in your account? How about on your statements? Yes it actually changes the cost basis on 50% of each fund in a joint taxable account. Yes it shows the new reduced cost basis and the lots are actually spit into 2 lots with the same reduced cost basis. It shows online as that is the only way I see the statements. Dan Regarding the "reduced" highlighted above... Wouldn't the new cost basis would be increased (stepped up), not reduced? Yes you are correct, I used the wrong term. The cost basis is increased to reflect the new cost basis. Cap gains wou...
by dwickenh
Tue Nov 22, 2022 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: Question about step-up in basis upon death of first spouse
Replies: 20
Views: 1586

Re: Question about step-up in basis upon death of first spouse

marcopolo wrote: Tue Nov 22, 2022 8:25 pm
dwickenh wrote: Tue Nov 22, 2022 8:13 pm At Vanguard they all got a 50% step up in basis. It was easy to get this accomplished by phone with the Vanguard Rep

Dan
Thanks.
Do you get a choice, or the call is just to get them to do the step up, and it is always 50% on all shares?
No, I did not get a choice. They handled it the one available way to get the step up.
by dwickenh
Tue Nov 22, 2022 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Question about step-up in basis upon death of first spouse
Replies: 20
Views: 1586

Re: Question about step-up in basis upon death of first spouse

Miriam2 wrote: Tue Nov 22, 2022 8:42 pm
dwickenh wrote: Tue Nov 22, 2022 8:13 pm At Vanguard they all got a 50% step up in basis. It was easy to get this accomplished by phone with the Vanguard Rep

Dan
Dan, does this show up on any paperwork from Vanguard, and online in your account? How about on your statements?
Yes it actually changes the cost basis on 50% of each fund in a joint taxable account. Yes it shows the new reduced cost
basis and the lots are actually spit into 2 lots with the same reduced cost basis. It shows online as that is the only way
I see the statements.

Dan
by dwickenh
Tue Nov 22, 2022 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Question about step-up in basis upon death of first spouse
Replies: 20
Views: 1586

Re: Question about step-up in basis upon death of first spouse

At Vanguard they all got a 50% step up in basis. It was easy to get this accomplished by phone with the Vanguard Rep

Dan
by dwickenh
Sun Nov 20, 2022 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Gifts below annual exclusion limit / taxes
Replies: 2
Views: 300

Re: Gifts below annual exclusion limit / taxes

You are correct, no reporting requirements under the gift exclusion limit. I would label this as gift in the payment so it would not be construed as a loan or purchase.
by dwickenh
Thu Nov 17, 2022 10:00 pm
Forum: Personal Investments
Topic: Portfolio for my Surviving Spouse
Replies: 4
Views: 776

Re: Portfolio for my Surviving Spouse

I agree your plan looks solid, but maybe look to make a move to a condo/villa in the same development as part of the plan if feasible. A house may be more than she wants to handle with outside maintenance/yard. A condo with outside maintenance included would be a blessing at some point. I hope your plans take years to be needed, but I don't blame you for thinking ahead.

Good luck to you,

Dan
by dwickenh
Thu Nov 17, 2022 9:51 pm
Forum: Personal Investments
Topic: Which funds do YOU have in your taxable account?
Replies: 138
Views: 18412

Re: Which funds do YOU have in your taxable account?

Taxable account holds VTSAX(total us stock market) and VEXEX(Vanguard Extended Market Index Fund Admiral Share) and 72K in the settlement fund for a house purchase in May 2023. The rest of the house purchase money is in High Yield savings paying about the same as the settlement fund.
by dwickenh
Mon Nov 14, 2022 8:53 am
Forum: Investing - Theory, News & General
Topic: What purpose do annuities serve?
Replies: 60
Views: 5242

Re: What purpose do annuities serve?

bsteiner wrote: Mon Nov 14, 2022 8:29 am
dwickenh wrote: Sun Nov 13, 2022 10:18 pm
bsteiner wrote: Sat Nov 12, 2022 9:24 pm
David Jay wrote: Sat Nov 12, 2022 8:18 pm ...
There are fees, typically 2% - 3% per year.
...
In exchange for the 2% to 3% a year (though a few are less expensive), you get to turn your dividends and capital gains into ordinary income, and you give up the basis step-up at death.
You don't get the dividends!! There is so much wrong with the fixed indexed annuity that the few benefits are outweighed be the terrible returns and the endless fine print. That's why the salesman gets 6-8% commission to talk you into these things.
I meant the dividends you would have received if you had invested some or all of the money in stocks instead of buying the annuity.
That makes sense. I just wanted to clarify for those that read it differently.

Best to you,

Dan
by dwickenh
Sun Nov 13, 2022 10:18 pm
Forum: Investing - Theory, News & General
Topic: What purpose do annuities serve?
Replies: 60
Views: 5242

Re: What purpose do annuities serve?

bsteiner wrote: Sat Nov 12, 2022 9:24 pm
David Jay wrote: Sat Nov 12, 2022 8:18 pm ...
There are fees, typically 2% - 3% per year.
...
In exchange for the 2% to 3% a year (though a few are less expensive), you get to turn your dividends and capital gains into ordinary income, and you give up the basis step-up at death.
You don't get the dividends!! There is so much wrong with the fixed indexed annuity that the few benefits are outweighed be the terrible returns and the endless fine print. That's why the salesman gets 6-8% commission to talk you into these things.
by dwickenh
Sat Nov 12, 2022 10:09 am
Forum: Investing - Theory, News & General
Topic: What purpose do annuities serve?
Replies: 60
Views: 5242

Re: What purpose do annuities serve?

The 14.5 cap is also likely restricted by a participation rate of 10-50% that applies before the cap. the month to month cap restricts gains to 1% a month, but allows all of monthly losses to reduce gains. SO's fixed indexed annuities averaged 2.6 % for the years 2014-2021. 10 year government Bonds would have done better. Everything involved is tilted to the benefit of the insurance company.
by dwickenh
Sat Nov 12, 2022 9:59 am
Forum: Investing - Theory, News & General
Topic: What purpose do annuities serve?
Replies: 60
Views: 5242

Re: What purpose do annuities serve?

It protects against living longer than your money lasts. Dying early(mortality credits) is what supplies the funds for those that live much longer. If you know the age of your death, it would be easy......

Dan
by dwickenh
Sat Nov 12, 2022 9:53 am
Forum: Investing - Theory, News & General
Topic: What purpose do annuities serve?
Replies: 60
Views: 5242

Re: What purpose do annuities serve?

Most people don't understand annuities, even after they own them. SPIA is a single premium immediate annuity. You give an insurance company an amount of money and they give it back to you with some interest over your lifetime. If you die, they keep the money unless you pay extra for a refund of premium. Fixed indexed annuities are high expense, low return products that are meant to make great profits for the agents selling them. I have studied the fixed indexed annuity due to my SO having 2 of these with over 7 figures invested. We are slowly trying to unwind them as the penalty phase expires. Lack of liquidity is a major problem. Limited retirement funds may make a SPIA(no fees) a good choice for some people. The MYGA(multi year guaranteed...
by dwickenh
Sat Nov 12, 2022 9:37 am
Forum: Investing - Theory, News & General
Topic: My experience with finding my ideal risk tolerance band
Replies: 8
Views: 821

Re: My experience with finding my ideal risk tolerance band

I like 50/50 for allocation so half the time I wish I had more equities, half the time less equities. This year has been weird with both losing value. I have not adjusted allocation other than re-balancing. You just need to find one you can stick with not matter what the market gives you. The best allocation is one that you can stick with through all swings in the market. Adjusting based on emotions is a guarantee to lose or under perform.

Best of luck to you,

Dan
by dwickenh
Sat Nov 12, 2022 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Ally Online Savings/Money Market Rate Increases
Replies: 745
Views: 124442

Re: Ally Online Savings Rate Increase

Bask Bank is currently 3.60 interest rate for apy of 3.65. I've had my house money(300K) there since March 2022. They seem to increase rates before anyone else. There are some stipulations to work around. 100,000 limit per month going into the account unless you do it by phone with a rep. No problem taking it out and sending it to my Vanguard acct. I've never had an Ally account, but i'm sure they are fine.
by dwickenh
Sun Oct 30, 2022 9:47 am
Forum: Personal Consumer Issues
Topic: Acadia National Park vacation questions
Replies: 13
Views: 1514

Re: Acadia National Park vacation questions

We did a September visit and it was great weather. Make sure you visit the Jordan's Pond restaurant and have the Popovers for dessert. Great place to eat and good scenery there as well.

Dan
by dwickenh
Sun Oct 30, 2022 9:44 am
Forum: Personal Investments
Topic: Help with new TSP Contribution Limits
Replies: 6
Views: 905

Re: Help with new TSP Contribution Limits

A boglehead here has a website and information that might be informative for you.

https://tspcounselor.com/
by dwickenh
Sun Oct 30, 2022 9:40 am
Forum: Personal Investments
Topic: Did my broker [cheat] Grandma?
Replies: 87
Views: 13505

Re: Did my broker [cheat] Grandma?

jebmke wrote: Fri Oct 28, 2022 5:24 pm I see this all the time at Taxaide. One taxpayer was convinced to move her late husbands small portfolio (~$200K) to a managed account at a bank. The fees were more than the dividend income.
Agreed, they might as well just kick the cane out from under her too. It makes me sick to see this when I'm doing their taxes as a Taxaide.

Dan
by dwickenh
Sun Oct 30, 2022 9:36 am
Forum: Investing - Theory, News & General
Topic: Dividend Stocks: Port in a Storm?
Replies: 433
Views: 42697

Re: Rob Berger on Dividends.

chris319 wrote: Sun Oct 30, 2022 9:16 am
Wellesley and Wellington make up 41% of my portfolio, my expenses are low, and in significantly below average market scenarios their distributions very nicely cover my expenses, net of Social Security.
It sounds like you've got it made.

I don't know why you're paying any mind to Rob Berger's video much less discussing it here.
I agree he has it made, and I do enjoy Rob Berger's youtube videos as well.

Dan
by dwickenh
Sun Oct 30, 2022 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Tax Software
Replies: 78
Views: 7640

Re: Tax Software

I use taxSlayer as it is the one I use as a VITA tax volunteer. It is easy to use for me. I do my own taxes and get my information from Vanguard, Fidelity, and 3 Banks. I do not know of one that holds all the information and does the taxes in one operation.

Dan
by dwickenh
Fri Oct 28, 2022 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Need a pep talk about how to advocate for myself after I was t-boned & car totaled by a possibly drunk red light-runner?
Replies: 41
Views: 3255

Re: Need a pep talk about how to advocate for myself after I was t-boned & car totaled by a possibly drunk red light-run

Make sure you have coverage for the medical bills as most B.I. adjusters will not pay on the medical bills until settlement is reached. I would go through your own insurance for the car damage and check to see if you have Medical Payments on your auto policy. The severity of the injuries should dictate if an attorney is needed, but that is your decision. I have handled B.I. claims for a major insurer in the past, but retired as a trainer for Physical damage claims.

Good luck with your claim and I hope your health improves.

Dan
by dwickenh
Fri Oct 28, 2022 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Need a pep talk about how to advocate for myself after I was t-boned & car totaled by a possibly drunk red light-runner?
Replies: 41
Views: 3255

Re: Need a pep talk about how to advocate for myself after I was t-boned & car totaled by a possibly drunk red light-run

Cheez-It Guy wrote: Fri Oct 28, 2022 5:19 am Lawyers always recommend getting a lawyer.

If I was an insurance adjuster with the authority to do so, I'd give people who represented themselves larger settlements based on principle. The system we have seems rigged by and for lawyers.

Good luck!
+1
by dwickenh
Tue Oct 25, 2022 7:05 am
Forum: Investing - Theory, News & General
Topic: New view of bonds?
Replies: 120
Views: 10098

Re: New view of bonds?

So far I have stayed the course with 2 intermediate bond funds. I may shorten the duration in the future due to reaching RMD age in 6 years. Maybe Jack would say something different now, but I'm still "staying the course".

Dan
by dwickenh
Sun Oct 16, 2022 8:44 am
Forum: Personal Finance (Not Investing)
Topic: Original Medicare vs. Medicare Advantage
Replies: 481
Views: 43875

Re: Original Medicare vs. Medicare Advantage

I've been saving my premium that I would be paying for plan G Medigap and have 3600.00 in the account for 36 months at 100.00 per month. This will more than cover my 3400.00 oop max for my UHC Medicare Advantage plan. Over my life expectancy, I would have to max out my OOP amount 7 times to come out even with the G medigap premium. I'm thinking if I max it 7 times, I'm likely already passed on to greener pastures. I can afford the premiums, but i'm not sure it is a bargain. Medigap is good for some people, Medicare Advantage works for others. As a SHIP volunteer, I get to explain this to Medicare eligible people all the time. I never recommend one over the other.

Dan
by dwickenh
Mon Oct 10, 2022 5:20 pm
Forum: Investing - Theory, News & General
Topic: "Bear Market Musings"
Replies: 19
Views: 3050

Re: "Bear Market Musings"

That same letter came to my e-mail and it was an interesting read. I sent it on to my brother and 2 of my kids.

It is worth the time to read and reinforces much of what we suspect is true.

Best,

Dan
by dwickenh
Sat Oct 08, 2022 7:25 am
Forum: Personal Investments
Topic: Help! I am lost and don't know what to do...
Replies: 43
Views: 7000

Re: Help! I am lost and don't know what to do...

I won't beat around the bush here: First, given your financial situation (your expenses are covered by other sources), you don't need to hit home runs here. So you have a few ways of thinking about the extra money: 1. Assess your tolerance for risk. Have you weathered the volatility of markets with relative ease in the past? Or did you have strong urges to "go to cash"? 2. Invest for your heirs - In this case the investment horizon is considered long, in this case something more aggressive like a 70/30 or 80/20 if you have a tolerance for risk, and won't make behavioral mistakes . 3. Invest for extra spending money in retirement - In this case, I'd be a bit more careful, and look at something like a 60/40 to 70/30. As a reference...
by dwickenh
Sat Oct 01, 2022 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Qualified annuity 10% penalty free transfer to an IRA
Replies: 1
Views: 235

Qualified annuity 10% penalty free transfer to an IRA

My fiance has an excessive amount of her net worth wrapped up in fixed indexed annuities. Some are qualified and some are after tax. She would like to take the 10% penalty free distribution from the qualified annuities and transfer it directly to her IRA. Are there any problems with doing
the annuity to IRA transfer? She does not want to do an exchange to another annuity.

Thanks in advance,

Dan
by dwickenh
Sun Sep 11, 2022 4:02 pm
Forum: Personal Investments
Topic: Money Market Yields Increasing??
Replies: 10
Views: 1964

Re: Money Market Yields Increasing??

I do the same, currently Bask Bank and VUSXX.

Dan
by dwickenh
Mon Sep 05, 2022 12:36 pm
Forum: Personal Consumer Issues
Topic: Sam's Club raising the ante
Replies: 69
Views: 8495

Re: Sam's Club raising the ante

sport wrote: Mon Sep 05, 2022 9:14 am
Stinky wrote: Mon Sep 05, 2022 8:26 am Taking your SO to lunch at the Sam’s or Costco food court is the ultimate expression of Boglehead frugality.
Even better, DW and I will split a Costco hot dog. :mrgreen:
Holy cow, You're the MAN!!!
by dwickenh
Mon Sep 05, 2022 7:51 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle - Two Fund Portfolio
Replies: 2645
Views: 320057

Re: Jack Bogle - Two Fund Portfolio

vineviz wrote: Thu Aug 25, 2022 4:44 pm
OuterBanks wrote: Thu Aug 25, 2022 11:51 am I would like to propose replacing the Total Bond Market Index Fund portion of this portfolio with Cash, Money Market Fund, and/or I-Bonds. No reason to take risks where the rewards aren’t worth it.
I would also suggest replacing Total Stock Market Fund with cash.

Have you seen the terrible year-to-date returns?
Thank you vineviz, you nailed it with that comment. Recency bias is everywhere right now.

Dan
by dwickenh
Mon Sep 05, 2022 7:34 am
Forum: Personal Consumer Issues
Topic: Sam's Club raising the ante
Replies: 69
Views: 8495

Re: Sam's Club raising the ante

Stinky wrote: Wed Aug 31, 2022 5:55 pm
Fremdon Ferndock wrote: Wed Aug 31, 2022 4:10 pm Got this email from Sam's:
Starting October 17, annual membership fees will move from $45 to $50 for Club members and $100 to $110 for Plus members.
Inflation bites everyone I guess.
Still cheaper than Costco membership.

And the three-meat pizza slice at the Sam’s “Cafe” is to die for. Gooey and deliciously greasy. :twisted:
Not to mention the 1.50 Hot Dog and drink special!! That will tame some inflation, but maybe give you heartburn. Great deal
and I take SO there for lunch sometimes(cheapskate).
by dwickenh
Sat Aug 27, 2022 8:32 am
Forum: Personal Investments
Topic: Q?: Most Efficient Use of Realized Capital Losses?
Replies: 10
Views: 1282

Re: Q?: Most Efficient Use of Realized Capital Losses?

just my 2 cents: Assuming 37% tax brkt.

26 year x( .37 x 3000)= 28,860 ordinary income taxes saved
78000 x (.20 +.03)= 17,940 cap gains taxes saved

I'm not an expert so take with a grain of salt.

Dan
by dwickenh
Tue Aug 23, 2022 7:10 am
Forum: Investing - Theory, News & General
Topic: What's in Rick Ferri's portfolio?
Replies: 132
Views: 34461

Re: What's in Rick Ferri's portfolio?

Thanks for another great podcast!!!

Dan
by dwickenh
Sun Aug 21, 2022 8:10 am
Forum: Investing - Theory, News & General
Topic: "Investors Are Shunning Vanguard’s Best Funds"
Replies: 34
Views: 7848

Re: "Investors Are Shunning Vanguard’s Best Funds"

Vikingfan wrote: Sun Aug 21, 2022 8:04 am As an investor in the Wellington fund I find it comforting to have someone rebalance and manage a portfolio style I agree with. I am not trying to beat the market, just sleep easier knowing that some Wharton whiz kids are keeping an eye on things.
+1 I like your style!!!

Dan
by dwickenh
Sun Aug 21, 2022 7:52 am
Forum: Investing - Theory, News & General
Topic: "Investors Are Shunning Vanguard’s Best Funds"
Replies: 34
Views: 7848

Re: "Investors Are Shunning Vanguard’s Best Funds"

I read the article before you posted it. I was surprised at the results of the active funds, but then remembered these are low cost active funds. Costs are not included for taxes created by yearly cap gains so there could be a different result in a taxable account.

Dan
by dwickenh
Sun Aug 14, 2022 7:56 am
Forum: US Chapters
Topic: Searching for Lost Contributors
Replies: 537
Views: 138183

Re: Searching for Lost Contributors

Sandtrap wrote: Sun Aug 14, 2022 7:52 am Is "toons" still active????

J🌺
He was here on Aug 12th so still kicking and active.

Dan
by dwickenh
Sun Aug 07, 2022 7:59 am
Forum: Personal Finance (Not Investing)
Topic: Medicare Advantage because of Kaiser questions
Replies: 38
Views: 4200

Re: Medicare Advantage because of Kaiser questions

I definitely wouldn’t choose a Medicare Advantage plan rather than a Medigap plan just to stick with Kaiser. If you can afford the premium you will have much greater flexibility for the rest of your life by being able to go to any provider that accepts Medicare anywhere you go. My mom is 88 and plan F and we never have to wonder whether the Medicare provider is in plan. Priceless. Cheers I usually value your advice, but I disagree on this one. I was with UnitedHealthcare for 40 years in my working life and currently have a Medicare Advantage plan through them that is a PPO. It has a very large provider base and I don't need a referral to see a specialist. I am not against Medigap plans, but they are not the only insurance that works for se...
by dwickenh
Tue Jul 19, 2022 9:21 am
Forum: Investing - Theory, News & General
Topic: Do you follow a model portfolio/ If so, Who?
Replies: 59
Views: 8219

Re: Do you follow a model portfolio/ If so, Who?

Currently following the 2 funder with 6 funds due to tax loss harvesting. This would qualify as a Bogle 2 fund I believe.
by dwickenh
Wed Jul 13, 2022 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Home Connect American Family insurance - exclude detached structure?
Replies: 1
Views: 288

Re: Home Connect American Family insurance - exclude detached structure?

Are you running a business out of your garage? That is usually an indicator of additional liability exposure as is the rental of a mobile home. That is not a detached structure so much as a separate residence being rented. Certain claims could be denied due to misrepresentation of the risks involved.
I don't have a work around for you, but if you have an agent, ask him about the company asking you questions.

Good luck,

Dan
by dwickenh
Wed Jul 13, 2022 8:33 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle - Two Fund Portfolio
Replies: 2645
Views: 320057

Re: Jack Bogle - Two Fund Portfolio

The S&P 500 is good enough. Warren Buffet thinks so. Jack Bogle thinks so. Taylor Larimore himself thinks so. I think us in the Two Fund Portfolio will be fine. If not, oh well. Maybe it'd be easier for us to understand why you think the S&P 500 is not a good investment if we understood exactly what you were looking for. But as it stands, I can't understand how anyone would think the investing in the S&P 500/TSM with a diversified basket of bonds is a bad idea. What counts is that it works for you. And, as you've stated, you're in good company. Isn't it odd that you're somewhat taken to task for your choice? Any investment that's truly such a great opportunity (especially one that has "been on sale" for so many years,...
by dwickenh
Sun Jul 10, 2022 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Redacted
Replies: 19
Views: 2153

Re: Confused by gift tax

Gill wrote: Sun Jul 10, 2022 5:16 am
bob1234 wrote: Sun Jul 10, 2022 3:04 am Out of curiosity, if person A gifts person B $1M, then person B gifts back person A $1M, do the gifts automatically offset or has each person reduced their lifetime exemption by $1M?
They wouldn’t even be considered gifts. The transaction taken as a whole is a loan.
Gill
And subject to the federal minimum interest for a family loan currently 3.22% for July on over 10 year loan.. I just did such a loan to my
granddaughter for student loan. The rate quoted by Discover for her loan was 12.77%. No way was I going to let her pay that interest.