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- Thu Feb 01, 2024 5:40 am
- Forum: Personal Consumer Issues
- Topic: Problem downloading Vanguard CSV data
- Replies: 24
- Views: 2384
- Wed Jan 31, 2024 12:14 pm
- Forum: Personal Investments
- Topic: Fidelity vs Vanguard for Taxable Accounts
- Replies: 49
- Views: 5746
Re: Fidelity vs Vanguard for Taxable Accounts
You're correct, assuming that your capital gains tax rate actually will be 15% and that you won't have capital losses to offset those gains.
- Tue Jan 30, 2024 7:47 am
- Forum: Personal Investments
- Topic: Vanguard Transaction Method
- Replies: 76
- Views: 5361
Re: Vanguard Transaction Method
That is a good question.HomeStretch wrote: ↑Tue Jan 30, 2024 7:36 am If a trade was made late Friday, it’s hard to understand how the funds sold, settled and transferred by Saturday. So perhaps the $ have not left your account....
My guess is the OP is using "transaction" not in the buy/sell a security sense but rather a transfer money sense.
Perhaps account transfer via ACATS?
- Sun Jan 28, 2024 8:45 pm
- Forum: Personal Finance (Not Investing)
- Topic: What would you do if you found someone else's lost credit/debit card?
- Replies: 42
- Views: 3645
Re: What would you do if you found someone else's lost credit/debit card?
Contact the owner.
Failing that I'd call the bank.
Maybe a million other things I'd do. But the last thing would be to ask about it on Nextdoor.
- Sun Jan 28, 2024 4:09 pm
- Forum: Investing - Theory, News & General
- Topic: RMD distributions no longer transferred to non-retirement accounts
- Replies: 45
- Views: 9294
Re: RMD distributions no longer transferred to non-retirement accounts
That's not the only way.Chaminade wrote: ↑Sat Jan 27, 2024 1:24 pm Am I understanding correctly that the only way to move RMD distribution into non-retirement taxable Vanguard Brokerage account is to 1) sell funds in my rollover IRA to meet RMD obligation 2) move those funds into Federal Money Market in my Brokerage Account 3) choose which non-retirement accounts I wish to purchase, or add to, and manually move the funds from Federal Money Market?
Another way is transfer shares "in kind". You don't sell the shares beforehand. You indicate you want to transfer $X of a mutual fund you own from your Vanguard IRA to your Vanguard taxable account.
- Sat Jan 27, 2024 8:30 pm
- Forum: Personal Investments
- Topic: Vanguard ST Tips
- Replies: 24
- Views: 1968
Re: Vanguard ST Tips
Maybe we could stay on topic? I.e., chasbwdc's personal situation, not other people's.
- Sat Jan 27, 2024 8:19 pm
- Forum: Personal Consumer Issues
- Topic: Advice on leak into basement drywall
- Replies: 28
- Views: 2707
Re: Advice on leak into basement drywall
You're correct that we can't post images directly to the Bogleheads site; you must host them elsewhere. See here for instructions: https://www.bogleheads.org/wiki/Posting ... eads_forumvalueinvestor wrote: ↑Sat Jan 27, 2024 7:16 pm I am trying to attach a picture but I was not able to find a way to attach files to posts. There is no option other than to link to an image that needs to be hosted on some other website. Can anyone please help?
Thank you!
I use postimages.org.
- Sat Jan 27, 2024 5:58 pm
- Forum: Personal Investments
- Topic: Anyone build a "TIPS" ladder with iShares iBonds?
- Replies: 35
- Views: 3872
Re: Anyone build a "TIPS" ladder with iShares iBonds?
It's good to ask that question before buying the fund! Here are two replies:
1. Every ETF has a prospectus. I think it's worthwhile reading such things. Others never read a prospectus. What are your thoughts about that?
2. Check the fund provider's website for details of the fund, including the current holdings. A Google search will get you there.
Here's the link: https://www.ishares.com/us/products/333 ... m-tips-etf. Expand the "Holdings" section.
Suggest you compare the holdings of the 2024 (in particular) versus the 2028 ETF.
- Sat Jan 27, 2024 7:16 am
- Forum: Personal Investments
- Topic: Is paying off a 2.99% mortgage always a bad idea?
- Replies: 332
- Views: 24984
Re: Is paying off a 2.99% mortgage always a bad idea?
If you take always literally, then no, not always.Triple digit golfer wrote: ↑Sat Jan 27, 2024 5:50 am "Is paying off a 2.99% mortgage always a bad idea?"
Sometimes it is, for some people.
For Triple digit golfer specifically it is likely a good idea to pay off the mortgage so Tdg can spend less time windering about mortgage payoffs and more on getting his golf score down to two digits.
- Sat Jan 27, 2024 7:05 am
- Forum: Personal Consumer Issues
- Topic: HR Block Deluxe wants to charge me $39.95 for the State program
- Replies: 64
- Views: 6063
Re: HR Block Deluxe wants to charge me $39.95 for the State program
There are various scenarios where they need to retain your data, at least for a period of time.
I say that based on my general understanding that Intuit TurboTax acts an Electronic Return Originator. There are laws and IRS regulations about ERO responsibilities, which include how long they can or even must retain certain data.
I say that based on my general understanding that Intuit TurboTax acts an Electronic Return Originator. There are laws and IRS regulations about ERO responsibilities, which include how long they can or even must retain certain data.
- Fri Jan 26, 2024 8:55 pm
- Forum: Personal Finance (Not Investing)
- Topic: QQ: Regular Wages, Capital Gains - what are the taxes you will pay?
- Replies: 7
- Views: 659
Re: QQ: Regular Wages, Capital Gains - what are the taxes you will pay?
No, sorry to say that's incorrect.CeeKay1729 wrote: ↑Fri Jan 26, 2024 8:46 pmhuh?? Doesn't you std deduction decrease your AGI so 52,400-std deduction = 23,200, which is still within the 0% bracket?Silk McCue wrote: ↑Fri Jan 26, 2024 8:35 pm Your $29,200 std deduction is taxed at $0. The next dollars up to $23,200 is to the top of the 10% bracket. So $2320 is the tax on those dollars.
Cheers
There is no 0% bracket per se. The 0% really refers to the standard deduction being subtracted from your adjusted gross income to determine your taxable income.
Here's a web site that graphically shows how tax brackets work:
https://engaging-data.com/tax-brackets/ ... =0&yr=2024
- Fri Jan 26, 2024 6:57 pm
- Forum: Personal Investments
- Topic: TurboTax form 8606 for Nondeductible IRA
- Replies: 12
- Views: 1843
Re: TurboTax form 8606 for Nondeductible IRA
I have nondeductible contributions mingled with my IRA and now taking my RMD. it is kind of a mess but it can be calculated. The last two years TurboTax did a beautiful job. This time not so much. First I don't think all my files got transferred, although most did. The form 8906 was completely missing, then after talking to rep. she made it appear. But now I have the form but it is not doing the calculations right. I have spent hours on the phone with this. Can I hope this will correct itself magically when I turn TT on tomorrow? How do I even check if all the numbers and data transferred properly from 2022? I have been using TT for 15 years and never had a problem until now. Anyone else having similar problem? I'm not having that problem ...
- Thu Jan 25, 2024 9:27 pm
- Forum: Personal Finance (Not Investing)
- Topic: Vanguard 1099 downloads on TurboTax
- Replies: 13
- Views: 1902
Re: Vanguard 1099 downloads on TurboTax
All this talk about uploading is confusing.
I use TurboTax installed locally on my computer. I download a 1099 PDF from my brokerages to my local computer. Then I hand enter the data in to TT.
I could download them directly in to TT using TT, of course, but that's still downloading.
Are people who talk of uploads using TT online instead of the download/desktop version? Like you're uploading to the cloud or whatever?
P.S. I've been uploading and downloading since the days of 300 baud modems so I'm pretty sure which way is up
I use TurboTax installed locally on my computer. I download a 1099 PDF from my brokerages to my local computer. Then I hand enter the data in to TT.
I could download them directly in to TT using TT, of course, but that's still downloading.
Are people who talk of uploads using TT online instead of the download/desktop version? Like you're uploading to the cloud or whatever?
P.S. I've been uploading and downloading since the days of 300 baud modems so I'm pretty sure which way is up
- Thu Jan 25, 2024 9:17 pm
- Forum: Investing - Theory, News & General
- Topic: ACATS, individual bonds and cost basis
- Replies: 6
- Views: 1117
Re: ACATS, individual bonds and cost basis
In general I know brokerages are required to track basis for bonds like they do for stocks, ETFs, or mutual funds. But there may be some finer points about individual bonds.
Suggest you ask in the long thread on Taxation of Treasury bills, notes and bonds.
Suggest you ask in the long thread on Taxation of Treasury bills, notes and bonds.
- Thu Jan 25, 2024 5:42 pm
- Forum: Personal Finance (Not Investing)
- Topic: Vanguard 1099 downloads on TurboTax
- Replies: 13
- Views: 1902
Re: Vanguard 1099 downloads on TurboTax
Not all 1099s are ready at the same time... maybe you have a fund that is typically late to deliver the 1099 like REIT?
- Thu Jan 25, 2024 8:18 am
- Forum: Personal Investments
- Topic: Mutual fund in i401k w/Fidelity
- Replies: 7
- Views: 522
Re: Mutual fund in i401k w/Fidelity
Hi, I’m putting 60k into my i401k for 2023 to avoid income taxes, but I’d just like the equivalent of a hysa around 5% to avoid risk. Is it a bad idea to just use one of Fidelity’s top performing mutual funds in an i401k? Any suggestions appreciated. It's not clear what you meant by that bolded statement. If you meant the top performing money market fund as an alternative to a HYSA, that's cool But if you meant "top performing" as your way of deciding which stock or bond fund to use, that's decidedly un-Boglehead. Avoid performance chasing. First decide on an asset allocation and then pick low cost index funds. Market cap weighted index funds for stocks. For bonds there are other variables. Are you looking for suggestions along t...
- Thu Jan 25, 2024 6:53 am
- Forum: Personal Investments
- Topic: FKDNX, FISEX, FKGRX Novice Investor
- Replies: 9
- Views: 827
Re: FKDNX, FISEX, FKGRX Novice Investor
I just moved FKDNX $11,000, FISEX $4,000, and FKGRX $3000 from Edward Jones to Fidelity. It was my Roth, so I just did a rollover. What’s next? Should I change each to something that is comparable to like a Vanguard, changing FKDNX to VGT? I plan to retire in 3 years. I will have monthly pension for life. I want to invest in stocks (ETFs) that are fairly aggressive. I will not be using my Roth for another 10 to 15 years. I will be 55 at retirement. I would pick a single fund, either ETF or mutual fund per your preference - the "wrapper" doesn't matter much. A "total stock market" fund is plenty aggressive. No need to pick sectors (like Health Care or Tech) or market cap (like small or mega) in the hopes one will "o...
- Thu Jan 25, 2024 6:38 am
- Forum: Personal Investments
- Topic: Sold Taxable fund. Reporting Documents?
- Replies: 5
- Views: 752
- Thu Jan 25, 2024 6:27 am
- Forum: Personal Finance (Not Investing)
- Topic: Identifying Roth IRA Account Merrill
- Replies: 5
- Views: 508
Re: Identifying Roth IRA Account Merrill
No need for concern. Other people have noticed the same thing, see this reddit thread.
Don't you mean "Roth" ?
It's not an acronym
- Wed Jan 24, 2024 7:00 pm
- Forum: Personal Finance (Not Investing)
- Topic: Taxes
- Replies: 4
- Views: 890
Re: Taxes
If I do fund my husband's IRA for 2023, should I do a traditional IRA or a Roth? A general rule of thumb is to make a deductible (Traditional) contribution if your marginal tax rate now (maybe 22% ?) is higher than what your marginal rate will be when you withdraw during retirement. Of course the future rate is unknowable. I think for most typical "workers" (myself included) that Traditional is a reasonable default choice. If you want to dig into the details, here are two Bogleheads wiki articles about Trad versus Roth: Traditional versus Roth and Traditional versus Roth examples . As you can tell from those articles, it can be pretty complicated. Should I temporarily pause the 403b contribution to save up the downpayment? Depend...
- Wed Jan 24, 2024 5:50 pm
- Forum: Personal Investments
- Topic: Sold Taxable fund. Reporting Documents?
- Replies: 5
- Views: 752
Re: SOLD TAXABLE FUND. REPORTING DOCUMENTS?
Is the 1099-B I received plus the Realized Gains and Losses statement all I need to report my taxes? It's often the case all you need is the 1099-B but not always. For example: 1. It's possible your broker made a mistake on the 1099. That does not absolve the taxpayer of reporting the correct numbers when filing a tax return. 2. Maybe you have another brokerage account where some of your trades caused a wash sale. You are responsible for reporting the wash sale; the brokerages in this scenario don't know there was a wash sale and therefore can't report it. 3. You sold noncovered shares . For example, mutual fund shares you bought back in 2010. Brokerages were not and are not required to keep track of basis for shares bought before a certai...
- Mon Jan 22, 2024 7:05 am
- Forum: US Chapters
- Topic: 🎁 🎉Happy 100th Birthday to Taylor Larimore 🎊🎂
- Replies: 429
- Views: 43350
Re: 🎁 🎉Happy 100th Birthday to Taylor Larimore 🎊🎂
Happy birthday Taylor
You're one of a kind!
You're one of a kind!
- Mon Jan 22, 2024 7:03 am
- Forum: Personal Investments
- Topic: iShares iBonds ETFs by BlackRock - thoughts?
- Replies: 12
- Views: 1769
Re: iShares iBonds ETFs by BlackRock - thoughts?
I suggest reviewing several previous BH threads on the subject. Lots of good opinions and facts for your perusal.
Here's a Google search for them:
https://www.google.com/search?q=ishares ... eheads.org
Here's a Google search for them:
https://www.google.com/search?q=ishares ... eheads.org
- Sun Jan 21, 2024 1:15 pm
- Forum: Investing - Theory, News & General
- Topic: Difference between VBTLX and BND
- Replies: 19
- Views: 3687
Re: Difference between VBTLX and BND
Backtesting VBTLX with BND I find that BND performs a bit worse in the long term over VBTLX, not quite sure why. Jan 2008-Dec 2023: VBTLX had an annualized 2.80% CAGR BND had an annualized 2.71% CAGR https://www.portfoliovisualizer.com/backtest-portfolio?s=y&sl=1cSPqynd65m9N9olxTtsk1 Might have to do with how dividends are reinvested. That PV backtest was configured to reinvest dividends but you're right it could be related -- PV is making an assumption about when the dividend would be reinvested and at what price. And what about any bid/ask spread? Same thing applies to the original purchase as well. Maybe PV's FAQ explains how it works exactly, I'm not sure. For a real-life investor, you won't get the same reinvestment price or date ...
- Sun Jan 21, 2024 12:22 pm
- Forum: Investing - Theory, News & General
- Topic: Difference between VBTLX and BND
- Replies: 19
- Views: 3687
Re: Difference between VBTLX and BND
Backtesting VBTLX with BND I find that BND performs a bit worse in the long term over VBTLX, not quite sure why. Jan 2008-Dec 2023: VBTLX had an annualized 2.80% CAGR BND had an annualized 2.71% CAGR https://www.portfoliovisualizer.com/backtest-portfolio?s=y&sl=1cSPqynd65m9N9olxTtsk1 Might have to do with how dividends are reinvested. That PV backtest was configured to reinvest dividends but you're right it could be related -- PV is making an assumption about when the dividend would be reinvested and at what price. And what about any bid/ask spread? Same thing applies to the original purchase as well. Maybe PV's FAQ explains how it works exactly, I'm not sure. For a real-life investor, you won't get the same reinvestment price or date ...
- Sun Jan 21, 2024 12:16 pm
- Forum: Personal Investments
- Topic: Would selling iShares MSCI and buying VXUS create a wash sale
- Replies: 12
- Views: 1027
Re: Would selling iShares MSCI and buying VXUS create a wash sale
That has not been my experience at Schwab. I have a Schwab account where selling shares of an ETF and buying shares of an ETF can be done immediately. I wonder if you are selling a mutual fund where sale occurs after the market close, so money would not be available the same day to buy VXUS. I received a warning about (paraphrasing here) letting funds settle or being restricted to trade in the future. I was selling and trying to purchase ETF during market hours. Maybe we need a margin account? Or maybe the trade would have gone through dispite the warning? Either way, waiting 2 days for the trade to settle isn't too much trouble. It was likely (IMO) a warning about what not to do after buying the ETF, i.e., don't sell what you just purchas...
- Sun Jan 21, 2024 12:12 pm
- Forum: Investing - Theory, News & General
- Topic: Do Bond Funds Really Make Sense for the Long Run?
- Replies: 399
- Views: 39310
Re: Do Bond Funds Really Make Sense for the Long Run?
Thanks for collecting, analyzing, synthesizing and reporting that historyMcQ wrote: ↑Sat Jan 20, 2024 9:58 pm ...Per alpha4, the paper is here: https://papers.ssrn.com/sol3/papers.cfm ... id=4457203. It's being revised for journal submission under a title like, "Before Bogle: How Much Could Investors Have Got?"
The material below is a short tutorial on the history of bond mutual funds, from one of the appendices to the paper.
...
(and of course thanks to those you leaned on).
I love a good history lesson
- Sun Jan 21, 2024 8:07 am
- Forum: Personal Investments
- Topic: Any way to sell FXAIX and buy VOO with no time out of market?
- Replies: 23
- Views: 2329
Re: Any way to sell FXAIX and buy VOO with no time out of market?
I-Know-Nothing wrote: ↑Sun Jan 21, 2024 8:05 amI’m considering transferring this IRA to Robinhood to get the 3% match they’re offering right now. Robinhood doesn’t allow people to own mutual funds in their accounts. I’d have to convert my holdings to an ETF first.
I guess you're following the thread on that offer?
- Sun Jan 21, 2024 7:56 am
- Forum: Personal Investments
- Topic: Any way to sell FXAIX and buy VOO with no time out of market?
- Replies: 23
- Views: 2329
Re: Any way to sell FXAIX and buy VOO with no time out of market?
+1 to what livesoft said.
And also, why do you want to switch? They're both S&P 500 funds. Both very low-cost. Both very well-run.
Switching from buying and selling at NAV for a mutual fund to market-based pricing for an ETF means you risk taking a small hit (and to be fair a chance at a small gain). And also a small hit from buying ETF at a premium of maybe 1 or 2 basis points (again to be fair, maybe VOO is trading at a discount when you place your order).
And also, why do you want to switch? They're both S&P 500 funds. Both very low-cost. Both very well-run.
Switching from buying and selling at NAV for a mutual fund to market-based pricing for an ETF means you risk taking a small hit (and to be fair a chance at a small gain). And also a small hit from buying ETF at a premium of maybe 1 or 2 basis points (again to be fair, maybe VOO is trading at a discount when you place your order).
- Sun Jan 21, 2024 7:48 am
- Forum: Personal Finance (Not Investing)
- Topic: Social Security Calcuation
- Replies: 12
- Views: 1361
Re: Social Security Calcuation
Your question is rather involved but I will only speak to one aspect of it... to help you decide when to claim, try out the Open Social Security website. It's written by Boglehead Mike Piper. It gives you an idea of the "optimal" claiming date by computing the Present Value of various scenarios based on your PIAs, ages, etc. Just as importantly it lets you see how much difference it would make if you moved the date back a month or two or a year or whatever.
Edited to add: Parkinglotracer beat me to it. I second his idea!
Edited to add: Parkinglotracer beat me to it. I second his idea!
- Sun Jan 21, 2024 7:24 am
- Forum: Personal Investments
- Topic: Adios, Vanguard
- Replies: 465
- Views: 96200
Re: Adios, Vanguard
I haven't used Vanguard in a long while. Our family uses Fidelity, with some legacy trust accounts at Schwab. But I will say that Vanguard has taken a principle stand against starting up crypto funds and crypto ETFs in an attempt to look out for retail investors. So there's still some BogleBones left under today's Vanguard. Yesterday's NY Times has a good article on Bitcoin funds and mentions Vanguard (may require subscription): https://www.nytimes.com/2024/01/19/business/crypto-bitcoin-funds-investing.html Morningstar's John Rekenthaler has an article on the subject as well: https://www.morningstar.com/alternative-investments/vanguard-got-bitcoin-right (no subscription). I don't speculate or invest in crypto so I'm not going to leave Vang...
- Sun Jan 21, 2024 7:12 am
- Forum: Personal Finance (Not Investing)
- Topic: did not convert 100% to backdoor roth conversion
- Replies: 17
- Views: 2263
Re: did not convert 100% to backdoor roth conversion
Welcome to the forum!
- Sun Jan 21, 2024 7:12 am
- Forum: Personal Investments
- Topic: How can PortfolioVisualizer help me stop clinging to Contrafund?
- Replies: 32
- Views: 3794
Re: How can PortfolioVisualizer help me stop clinging to Contrafund?
... No, it can't predict how any market segment will perform in the future. If growth has outperformed value, or US has outperformed international, comparing returns is not of any use in determining whether this outperformance will continue. What it is useful for doing is comparing which segments will perform well in which markets. Contrafund outperformed the S&P 500 when growth outperformed value, and it is reasonable to expect that to continue. Treasury bond funds outperformed other bond funds when the stock market crashed; again, this is a reasonable future expectation. ... ... When stating that Contrafund outperformed the S&P 500 when growth outperformed value, and it is reasonable to expect that to continue. Treasury bond fund...
- Sat Jan 20, 2024 8:33 am
- Forum: Investing - Theory, News & General
- Topic: Vanguard Cash Plus Account
- Replies: 511
- Views: 69552
Re: Vanguard Cash Plus Account
The same advantages and disadvantages of a brokerage account for an individual account also apply to a trust account. That's a whole separate discussion, of which there's been many on BH.
There may be some advantages and disadvantages that only apply to trust accounts.
- Sat Jan 20, 2024 8:29 am
- Forum: Investing - Theory, News & General
- Topic: Robinhood 3% IRA Match
- Replies: 1550
- Views: 119694
Re: 3% IRA transfer bonus at Robinhood: Worth it?
Seems interesting but if OP is leaving Vanguard for bad customer service then I would guess Robinhood would be a step down. Since you're just holding ETFs in an IRA, many common sources of Vanguard errors - incorrect mutual fund pricing, incorrect 1099-B statements, incorrect tax lot information - aren't even possible . And if they have tech issues, you can just wave them away like the blind Vanguard loyalists always do: "I don't need the website to work reliably, looking at your account is a bad idea anyway!" :happy In other threads we learned that some posters received incorrect 1099's from non-Vanguard brokerages: Why so many mistakes on my 1099? [Ally Invest] Heads up - public.com says they've flubbed their 1099's [made a mis...
- Sat Jan 20, 2024 8:17 am
- Forum: Investing - Theory, News & General
- Topic: Morningstar article: Do Stocks Really Make Sense for the Long Run?
- Replies: 180
- Views: 27614
Re: Morningstar article: Do Stocks Really Make Sense for the Long Run?
... * Would McQ's assertion "The addition of bonds to a stock portfolio is guided by Modern Portfolio Theory" be more historically accurate if appended with "(although the idea was not introduced by MPT, as it was already a practice followed by some investment managers for decades, an example being Wellington in 1929)"? Good question. And, maybe this is my inferring rather than McQ's implying, is there some unstated assumption that investors or their advisors are even using MPT to begin with? It's not clear to me what's the context for "The addition of bonds to a stock portfolio...". Don't some investors/advisors start with an understanding if an investor's needs, wants, and concerns/risk tolerance? Then consi...
- Sat Jan 20, 2024 7:51 am
- Forum: Personal Investments
- Topic: Pro rata, Roth conversions and 401k rollover questions
- Replies: 10
- Views: 1025
Re: Pro rata, Roth conversions and 401k rollover questions
Both the White Coat Investor and The Finance Buff are Bogleheads who IMO do a great job sharing helpful information on their respective web sites.rajac wrote: ↑Sat Jan 20, 2024 12:12 amThis resource is amazing. I wish I would have found this sooner. It would've saved me tons of time researching.Navillus1968 wrote: ↑Fri Jan 19, 2024 9:02 pm You sound like you understand the backdoor Roth process much better than most first-timers, so that is great.
Just in case you wanted to learn more about backdoor Roth- here is an excellent tutorial on the BDR, at the White Coat Investor website- https://www.whitecoatinvestor.com/backd ... ial/#steps
For example here's an older article from TFB https://thefinancebuff.com/the-backdoor ... ow-to.html.
- Sat Jan 20, 2024 7:44 am
- Forum: Investing - Theory, News & General
- Topic: Good time for small cap out performance?
- Replies: 41
- Views: 5461
Re: Good time for small cap out performance?
Put some clothes on that naked link!
- Sat Jan 20, 2024 7:42 am
- Forum: Personal Finance (Not Investing)
- Topic: No-state-income-tax states are not good for retirees.
- Replies: 413
- Views: 39641
Re: No-state-income-tax states are not good for retirees.
If only the OP had put a question mark at the end of the subject... "No-state-income-tax states are not good for retirees?"
Betteridge's law of headlines is an adage that states: "Any headline that ends in a question mark can be answered by the word no."
Betteridge's law of headlines is an adage that states: "Any headline that ends in a question mark can be answered by the word no."
- Sat Jan 20, 2024 7:36 am
- Forum: Personal Finance (Not Investing)
- Topic: Son graduated, can I still claim him as a dependent?
- Replies: 24
- Views: 3662
Re: Son graduated, can I still claim him as a dependent?
Not sure if it was mentioned already but if it turns out that OP can claim son as a dependent (regardless of whether OP actually does claim) then the son must file his tax return affirmatively indicating that someone else can claim him as a dependent. The IRS cross checks this.
- Sat Jan 20, 2024 7:28 am
- Forum: Investing - Theory, News & General
- Topic: "Which Investments to Keep Out of Your Taxable Account"
- Replies: 27
- Views: 5399
Re: "Which Investments to Keep Out of Your Taxable Account"
The Bogleheads wiki has a related article about Tax-efficient fund placement.
The topic of target or other balanced funds is discussed in the section https://www.bogleheads.org/wiki/Tax-eff ... nced_funds.
For beginning investors it would be good to read both the M* and wiki articles.
The topic of target or other balanced funds is discussed in the section https://www.bogleheads.org/wiki/Tax-eff ... nced_funds.
For beginning investors it would be good to read both the M* and wiki articles.
- Sat Jan 20, 2024 7:20 am
- Forum: Personal Investments
- Topic: My traditional IRA has nondeductible post tax contributions - Doh!
- Replies: 5
- Views: 649
Re: My traditional IRA has nondeductible post tax contributions - Doh!
Leaving it alone is a reasonable option.
I made non-deductible contributions in the last millennium (before Roth IRA existed). Since then, during a few years of no and low income, I did Roth conversions (pro rated) at very low tax rates. Maybe you will be in a similar situation in the future.
- Sat Jan 20, 2024 7:10 am
- Forum: Personal Consumer Issues
- Topic: Microsoft One Drive
- Replies: 37
- Views: 4580
Re: Microsoft One Drive
If I didn't want to use OneDrive, I would go to Windows Explorer. Then the C drive Then Users Then I would go to my user folder. Under that is Documents. You'll also see OneDrive; steer clear. I'd make subfolders under documents and keep everything there...just like the old days. After several hours of trying to find an excel document that vanished, with just a path that said the document must have moved? (it was asking me ) I have finally figured out to do just what you said. I did this a couple of times, saved my document, saw it said "saved in this PC", noted down the path. I am not 100% sure I will see this tomorrow. This is how it has been. Yes! Just for giggles...back to the MS-DOS days (DOS is still alive kind-of...underne...
- Fri Jan 19, 2024 8:30 pm
- Forum: Investing - Theory, News & General
- Topic: Vanguard Cash Plus Account
- Replies: 511
- Views: 69552
Re: Vanguard Cash Plus Account
From https://investor.vanguard.com/accounts- ... us-account:
The Vanguard Cash Plus Account is a brokerage account offered by Vanguard Brokerage Services.
- Fri Jan 19, 2024 7:42 pm
- Forum: Personal Investments
- Topic: Is there a 2023 version of this?
- Replies: 10
- Views: 1662
Re: Is there a 2023 version of this?
thanksiamthewalrus wrote: ↑Fri Jan 19, 2024 11:11 am It's available now, https://investor.vanguard.com/content/d ... n-2024.pdf
- Fri Jan 19, 2024 7:27 pm
- Forum: Personal Consumer Issues
- Topic: What are you listening to now
- Replies: 5832
- Views: 591075
Re: What are you listening to now
This morning we listened to Creedence Clearwater. Revival greatest hits. Yesterday we walked to Sgt. Peppers. I made for 60 minutes1 first time in a while. :) Congrats on the walking milestone! Here are some "walking" tunes... Walk on the Water by Creedence Clearwater Revival - https://www.youtube.com/watch?v=vYYay49KsZE I'm Walking by Fats Domino - https://www.youtube.com/watch?v=oqs5gkyH930 Walk On By by Dionne Warwick - https://www.youtube.com/watch?v=vsGsCvJWEo8 Walkin' Blues by Paul Butterfield Blues Band - https://www.youtube.com/watch?v=T9dkse6R3Tg Walkin' After Midnight by Patsy Cline - https://www.youtube.com/watch?v=bsRNCvHXHHU Walk of Life by Dire Straits - https://www.youtube.com/watch?v=kd9TlGDZGkI Walk this Way by R...
- Fri Jan 19, 2024 2:51 pm
- Forum: Personal Investments
- Topic: 20% Short-Term TIPS in Rollover But Not Roth?
- Replies: 7
- Views: 492
Re: 20% Short-Term TIPS in Rollover But Not Roth?
Go back to basics: what are your spending needs and how much is covered by your Social Security benefits?
I think if SS covers, say, 50% or more of your spending you don't need much if any in TIPS. Wouldn't hurt to have more inflation adjusted assets but may not help much either.
I think if SS covers, say, 50% or more of your spending you don't need much if any in TIPS. Wouldn't hurt to have more inflation adjusted assets but may not help much either.
- Thu Jan 18, 2024 6:22 pm
- Forum: Personal Finance (Not Investing)
- Topic: Bank of America/Merrill Edge - Preferred Rewards
- Replies: 7057
- Views: 891395
Re: Bank of America/Merrill Edge - Preferred Rewards
Platinum Honors. It's one of the tiers. You need $100k in assets at ME or BoA. There are other tiers. See https://promotions.bankofamerica.com/pr ... rewards/en.
The higher the tier the greater the multiplier applied to the base reward rate.
PH tier seems to give the best reward bang for the asset buck.
- Thu Jan 18, 2024 6:10 pm
- Forum: Personal Investments
- Topic: Possible replacement suggestion for VEIRX (Vanguard Equity-Income Fund Admiral )
- Replies: 11
- Views: 1260
Re: Possible replacement suggestion for VEIRX (Vanguard Equity-Income Fund Admiral )
Hopefully many light bulbs are turning on in OP's head regarding backtests.
Here are 3 different time periods:
S&P 500 utterly destroys Equity Income.
Equity Income utterly destroys S&P 500
9.91% vs 9.75%, call it a draw
Pardon the hyperbole
The best result of doing so would be to realize it's a bad idea to make investment decisions based on backtests alone.
Here are 3 different time periods:
S&P 500 utterly destroys Equity Income.
Equity Income utterly destroys S&P 500
9.91% vs 9.75%, call it a draw
Pardon the hyperbole
The best result of doing so would be to realize it's a bad idea to make investment decisions based on backtests alone.
- Thu Jan 18, 2024 7:01 am
- Forum: Personal Investments
- Topic: Checklist: Moving from VG to Fidelity
- Replies: 32
- Views: 3964
Re: Checklist: Moving from VG to Fidelity
Thanks. The only issue is that if the ETF market price is discount to NAV and the conversion happens at NAV, does that mean the loss is only temporary while the Market reprices to fair value? Or can it be stuck below NAV for an extended period in which case I will have a loss when I sell it. Take a look at https://ycharts.com/companies/VTI/discount_or_premium_to_nav for the premium/discount on VTI. Sometimes there's a tiny premium of 0.01%. Sometimes it's 0.02%. Other times there's a tiny discount. A few times it goes up or down by 0.04%. And of course other times there's no premium or discount. There's no certainty you'll end up selling for a "loss" relative to NAV. You might even sell at a gain. The other thing is that you woul...