Minnesota BH Fall Main Meeting 10/27/18

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Fallible
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Minnesota BH Fall Main Meeting 10/27/18

Post by Fallible » Mon Sep 10, 2018 12:53 pm

Save the date and note the new meeting location!

Hello Financial Friends!

Autumn is falling into place and we are gearing up for the Main Meeting next month. Please mark your calendars for Saturday 10/27/2018 in the morning from 9:30 to 11:30am. The new meeting location is the Ridgedale Library, Rohlf Room, first floor, 12601 Ridgedale Drive, Minnetonka, MN. The meeting agenda is in a separate post below.

This meeting truly has something for everyone! Following a briefing on the important 2018 tax law changes, the agenda will be rich with many breakout sessions covering robust topics for the beginner investor to the seasoned saver looking to refine his or her portfolio. Get your financial muscles in shape for the end of the year and come visit with your Boglehead Buddies. We've missed seeing you this summer!

And for those of you who like podcasts, watch the forum for Rick Ferri's announcement on the 1st Bogleheads On Investing podcast w/ Jack Bogle himself!
viewtopic.php?f=10&t=258540&newpost=4111241

Looking forward to seeing you next month!

Minnesota Bogleheads
Visit us at www.Bogleheads.org

EDIT: Updates with agenda now posted below.
Last edited by Fallible on Fri Sep 28, 2018 6:15 pm, edited 2 times in total.
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Fallible
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Re: Minnesota BH Fall Main Meeting 10/27/18

Post by Fallible » Thu Sep 27, 2018 5:08 pm

Fallible wrote:
Mon Sep 10, 2018 12:53 pm
Save the date and note the new meeting location!

Hello Financial Friends!

Autumn is falling into place and we are gearing up for the Main Meeting next month. Please mark your calendars for Saturday 10/27/2018 in the morning from 9:30 to 11:30am. The new meeting location is the Ridgedale Library, Rohlf Room, first floor, 12601 Ridgedale Drive, Minnetonka, MN. The meeting agenda will be available here by Oct. 1.

This meeting truly has something for everyone! Following a briefing on the important 2018 tax law changes, the agenda will be rich with many breakout sessions covering robust topics for the beginner investor to the seasoned saver looking to refine his or her portfolio. Get your financial muscles in shape for the end of the year and come visit with your Boglehead Buddies. We've missed seeing you this summer!

And for those of you who like podcasts, watch the forum for Rick Ferri's announcement on the 1st Bogleheads On Investing podcast w/ Jack Bogle himself!
viewtopic.php?f=10&t=258540&newpost=4111241

Looking forward to seeing you next month!

Minnesota Bogleheads
Visit us at www.Bogleheads.org
EDITS again with agenda now posted below.
Last edited by Fallible on Fri Sep 28, 2018 6:17 pm, edited 1 time in total.
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Peter Foley
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Re: Minnesota BH Fall Main Meeting 10/27/18

Post by Peter Foley » Fri Sep 28, 2018 5:17 pm

The format for this meeting will be a bit different from the last few. There will be a short presentation and two breakout sessions with about a half dozen topics to choose from in each session. More details to come soon.

Fallible
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Re: Minnesota BH Fall Main Meeting 10/27/18

Post by Fallible » Fri Sep 28, 2018 5:53 pm

UPDATING with the Agenda for the Minnesota Bogleheads Fall Main Meeting, Saturday, October 27, 2018, 9:30-11:30 AM, at the newly renovated Ridgedale Library, Rohlf meeting room, 12601 Ridgedale Drive, Minnetonka, MN.
Map to Ridgedale: https://goo.gl/maps/RfjeU4RitMm


AGENDA:

9:30 Introduction: Welcome, opening remarks, splinter group update [Diann]

9:40 15-Minute Brief: 2018 Tax Reform: Basic overview of changes as we approach end-of-year [Dick]

10:00 Breakout Session 1: 40 minutes in length; choose one topic/table to attend and participate

10:40 5-minute break

10:45 Breakout Session 2: 40 minutes in length, choose one topic/table to attend and participate

11:25 Wrap Up: Please return chairs and tables. Thanks for attending!


15-MINUTE BRIEF: 2018 TAX REFORM - PRESENTER: DICK S

Whenever tax laws change, it’s natural to wonder how it’s going to affect you. The recent passing of the Tax Cuts and Jobs Act of 2017 is a massive change to our tax system, and it will likely take years before its far-reaching impacts are fully understood. Let’s walk through some of the most significant changes and what they could mean for you, as you plan for your 2018 taxes. This brief overview will be high-level, with a more detailed breakout session available if you wish to learn more.


BREAKOUT SESSION 1 (10:00 to 10:40am: Breakout Tables located in the Rohlf Meeting room, hallway, and Ladyslipper Room 275)

A. Diann - Health Savings Accounts (HSAs) as a Stealth Investment Vehicle

B. Phil - Book Review: The Bogleheads' Guide to the Three-Fund Portfolio by Taylor Larimore (2018)

C. Chris - Asset Class Returns: What can you reasonably expect?

D. Lee - A Healthy Way to be Overweight: The Rationale for Favoring the Health Care Sector in your Non-Core Holdings

E. Tom - Estate Planning: From the Basics to the Complex

F. Bonnie - Preparing For Retirement: "My Story" - practical tips and resources


BREAKOUT SESSION 2 (Breakout tables located in the Rohlf Meeting room, hallway, and Ladyslipper Room 275.)

A. Dick - Sharpen Your Financial Know-How with this 25-Question Quiz

B. Andrew - Financial Topics For Beginners

C. Chris - Investment Lessons From History: The Breakout

D. Sandra & Diane - Tax-Loss Harvesting in Taxable
Accounts

E. Chip - Tax Reform: Preparing for Your 2018 Tax Returns

F. Tom - Roth IRAs: To Roth or Not to Roth, That is the question


UPCOMING MEETINGS - Contact information. Online resources.

BH Main Group Fall/Winter/Spring | Saturday mornings | Local libraries | mnbogleheads@gmail.com

BH East Group Dec 1 | Caribou, 3100 White Bear Ave | no pre-set agendas | Still Phil | buckp@mac.com

BH West Group Jan TBD | west sub libraries | Saturdays | Sandra | MNWestinvest@gmail.com

Facebook MN Bogleheads | sign up for closed group | check for updates and local information

Bogleheads.org national forum and Wiki | Index index.php

John C. Bogle Center for Financial Literacy https://boglecenter.net/ | non-profit that helps support the forum, Wiki
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Financial Engineer
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Re: Minnesota BH Fall Main Meeting 10/27/18

Post by Financial Engineer » Fri Sep 28, 2018 9:07 pm

What a great lineup! See you at Ridgedale Library everyone.
Do you think the market is pricey? S&P 500 CAGR from 1929 peak (CAPE = 32.6) to 1982 low (CAPE = 6.7) was 3.8% real (7.3% nominal). Stay the course.

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Peter Foley
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Re: Minnesota BH Fall Main Meeting 10/27/18

Post by Peter Foley » Sat Sep 29, 2018 7:35 pm

The Roth IRA topic is really broad and it would be helpful to know what facets of Roths and Roth conversions are most of interest.

In a very broad sense here are potential subtopics:
1. Would you invest differently in a Roth?
2. Why would you do a Roth conversion? (Multiple possibilities here.)
3. How do you do it cost effectively?
4. What are some pitfalls and negative consequences?
5. What are the rules for accessing Roth contributions, Roth earnings, and Roth conversions w/o tax or penalty?

Fallible
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Re: Minnesota BH Fall Main Meeting 10/27/18

Post by Fallible » Sun Sep 30, 2018 6:48 pm

NOTE: We will continue adding to the posted agenda more detailed descriptions of the breakouts. Below are descriptions from Chris, moderator of two breakouts:

Title: Investment Lessons From History - The Breakout

Description: I will review several of my favorite slides from my main presentation at the last MN Bogleheads meeting on 4/28/18. The point will be to offer the breakout participants a chance to ask any questions they may have with more time than was available after the presentation.


Title: Asset Class Returns – What Can you Reasonably Expect?

Description: A primer on what contributors to asset class performance are observable in the present, how mean reversion can be accounted for, and how using them both together can bracket a range of reasonable outcomes for future returns. Stocks, Bonds and Real Estate returns will be discussed.
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Peter Foley
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Re: Minnesota BH Fall Main Meeting 10/27/18

Post by Peter Foley » Sat Oct 06, 2018 7:08 pm

A timely breakout will be on the topic of tax law changes. Federal tax law changed for 2018, Minnesota tax law did not.

Breakout description:

Title: Tax reform. Preparing for your 2018 tax return
Description: We will review the tax reform law passed last year and look at how it is likely to impact your returns next year. Please bring questions and suggestions.

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Peter Foley
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Re: Minnesota BH Fall Main Meeting 10/27/18

Post by Peter Foley » Wed Oct 10, 2018 4:20 pm

The Minnesota Department of Revenue has updated their website in anticipation of the 2018 tax filing season. Copied from an e-mail I received:

Minnesota Department of Revenue
October 9, 2018: Minnesota Department of Revenue Updates 2019 Filing Season for Tax Year 2018 FAQ
Minnesota Department of Revenue sent this bulletin at 10/09/2018 04:17 PM CDT
October 9, 2018: Minnesota Department of Revenue Updates 2019 Filing Season for Tax Year 2018 FAQ

Since the end of the 2018 Legislative Session, the Minnesota Department of Revenue has been working to update the state tax filing systems for taxpayer use in 2019. This process happens annually, starting after the end of the legislative session. This year, we are updating the tax filing systems to accommodate the differences between the federal and Minnesota tax laws. There were significant revisions to the federal tax laws, but Minnesota’s tax laws have not significantly changed.

Updated FAQs
We have updated our 2019 Filing Season for Tax Year 2018 FAQs with answers to some of your questions. We have also reorganized the FAQs to make them easier to use.
http://www.revenue.state.mn.us/Pages/Ta ... -FAQs.aspx

Final Draft Forms
We have posted final drafts 2018 Minnesota tax forms and instructions for software developer use on our website.
http://www.revenue.state.mn.us/tax_prof ... -Form.aspx

NOTE: These forms are subject to change. Do not use these forms to file returns.

For more information about the 2019 filing season, see our Tax Law Changes webpage. http://www.revenue.state.mn.us/Pages/law_changes.aspx

Fallible
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Re: Minnesota BH Fall Main Meeting 10/27/18

Post by Fallible » Thu Oct 11, 2018 8:49 pm

As promised, here are more detailed descriptions of two more breakouts, both on taxes (full agenda above):

Sandra & Diane
Title:  Tax loss harvesting in taxable accounts. 
Description: Use this tax deferral strategy to offset capital gains with losses, and avoid pitfalls like wash sales.

Chip
Title: Tax reform. Preparing for your 2018 tax return
Description: We will review the tax reform law passed last year and look at how it is likely to impact your returns next year.  Please bring questions and suggestions.
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Jazzysoon
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Re: Minnesota BH Fall Main Meeting 10/27/18

Post by Jazzysoon » Mon Oct 15, 2018 11:33 am

Thank You for organizing this, I know it can take a bit of time to put events together. I'm a newer BH and am looking forward to attending.

Fallible
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Re: Minnesota BH Fall Main Meeting 10/27/18

Post by Fallible » Mon Oct 15, 2018 3:38 pm

Jazzysoon wrote:
Mon Oct 15, 2018 11:33 am
Thank You for organizing this, I know it can take a bit of time to put events together. I'm a newer BH and am looking forward to attending.
Great! "Newer" is even better.
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