Bogleheads.org

My Costco now carries eggs labeled as "Pasture-raised". Use of the term Pasture-raised is not regulated, so make of it what you will.

I don't think there is any real difference in taste between Costco's pasture-raised vs cage-free eggs, but I do think there is some difference in the treatment of the animals.

What is the copyright policy of this forum?

Edit: Found it here: rules#section-8.

Looks like this potentially runs afoul of copyright infringement, given ongoing lawsuits and the fact that OpenAI & others are licensing content. Whether there is anything that can be done is another matter. Perhaps DMCA takedowns issued to the specific GPT on the GPT Store? https://arstechnica.com/tech-policy/202 ... textbooks/

You didn't mention primary home in the first post, so I'm going to go ahead and assume you have a paid-off home worth at least $2M. If that assumption is correct, that puts your net worth at over $12M. Is this post serious?

kalarama wrote: ↑Fri Mar 01, 2024 1:20 pm There have been several articles recently talking about whether BOXX should be treated as a section 1258 "conversion transaction".

"Congress draft Code section 1258, the Tax Code’s anti-conversion statute. (“Conversion” refers to the converting of higher-taxed “ordinary” income into lower-taxed capital gains.)"

Tax Gimmick in a BOXX
https://www.taxpolicycenter.org/taxvox/tax-gimmick-boxx

Good article. I don't know much about the anti-conversion statute, but on its face this seems to present a nontrivial risk of using BOXX.

I listened to it and found it interesting. Two comments: 1) If their strategy is explicitly aimed at individual investors, the practical implementation seems both obscure and time-consuming. 2) There was a comment from both of them, "if your net worth goes up, your spending must go up proportionally" (and the converse). I am not sure where this would come from other than as a convenient mathematical assumption, but it struck me as an important assumption. I would wager this proportionality is not true of many Bogleheads, and furthermore goes against a lot of scientific research on happiness. And it certainly is not federal law that one must spend proportionally to one's net worth. If that proportionality is broken, then it short c...

I asked ChatGPT to help me understand, using your standard example, but with VTI and VXUS with 1k in each. ... This seems to not land at the same conclusion. Is there a mistake here? ChatGPT does not actually understand anything, and it is well known that it will come to wrong conclusions with highly intricate mathematical and/or detail-oriented calculations. You have been given a very good explanation from an extremely knowledgeable person. ChatGPT isn't even close to being in the same league. My advice: don't ignore the good advice from the expert and run to a chatbot. You're absolutely right -- I meant no disrespect. I don't feel that I'm ignoring the experts advice, but I am looking to understand myself, and I'm not quite there yet. Th...

The reason it is often better for CA residents to hold US stocks in taxable and foreign stocks in tax-advantaged is that foreign stocks have higher dividend yields. Here is my standard example: US stock fund has a 2% dividend yield, all qualified. Foreign stock fund has a 3% dividend yield, 2/3 qualified, but with 8% of the dividend (0.24% total) withheld as foreign tax. In a 24% tax bracket, both funds have a 0.30% tax cost. The foreign fund has an extra 0.24% tax on the non-qualified dividend, which is equal to the foreign tax credit. Thus, in a no-tax state, you would be indifferent between the two funds in a taxable account. But in a 9.3% CA tax bracket, the CA tax on the US fund is 0.19%, and on the foreign fund is 0.28%, so the forei...

JB? Let's spell out names and other acronyms not in the common vernacular, please.

So someone created a distributed compute cloud and called it crypto, to get cpu cycles for free?

Word police aside, it sounds absolutely intended to build and reinforce compulsive behavior. Intermittent rewards are a built-in feature here. Similarly look at apps / games with microtransactions.

I wouldn't let my kids come anywhere near this app.

I would vote to hear your thoughts on "How to combine asset class funds for better returns and less risk".

Before I tried it, manual tax loss harvesting was a little intimidating (even more so before companies were forced by law to keep track of basis). But I would never pay a 0.4% management fee just to get tax loss harvesting. On a $1 million portfolio, you'd be paying $4,000/year, whereas the annual deduction of $3,000/year on income might save you only ~$1,000/year. I get your point, but I assume that people who sign up for Direct Indexing do so in order to offset capital gains elsewhere (or to exclude a stock from the index that they hold elsewhere). If they do it only to deduct $3000 from ordinary income, then I agree it seems hardly worth the cost. I'm sorry, I figured it was clear that if you TLH manually, you can still offset capital g...

Certainly do it yourself works! But if the whole index keeps increasing you may never have the opportunity to TLH for years at a time. That's the advantage of direct indexing - you can take advantage of the parts of the index that are down substantially even when the whole index is up. This year proved that this product harvested a fair amount more than just harvesting the ETF would have, unless you timed the harvest to exactly when the ETF was at its lowest. That's true, I forgot to account for being able to TLH the individual components even if the index as a whole increases. From previous discussions on this style of direct indexing at TLH, I seem to recall mention of possibility of becoming stuck overweight in certain stocks, but I am ...

Before I tried it, manual tax loss harvesting was a little intimidating (even more so before companies were forced by law to keep track of basis). But I would never pay a 0.4% management fee just to get tax loss harvesting. On a $1 million portfolio, you'd be paying $4,000/year, whereas the annual deduction of $3,000/year on income might save you only ~$1,000/year.

TLH is quite simple as you only have to take action once every few years to obtain the vast majority of the benefit. Bogleheads, IMO, can save themselves the 0.4% and do it themselves.

There are tax credit / stimulus check phaseouts for higher AGI, so reducing AGI is sometimes beneficial.

Or middle click to open in new tab. Or ctrl-click.

VictorStarr wrote: ↑Thu Dec 22, 2022 6:00 pm Money transfers between Fidelity brokerage and CMA accounts are instantaneous at any time of the week and of the day.
To the best of my knowledge you can NOT pull from the CMA, just transfer when you need or schedule recurring transfer of funds between your CMA and brokerage accounts.

anon_investor wrote: ↑Thu Dec 22, 2022 5:59 pm I have a Fido CMA I used like a checking account and a separate Fido brokerage where I buy ETFs. My pay check is direct deposited into my Fido CMA and the funds are considered settle and available for immediate withdrawal. Each pay check I transfer funds from my Fido CMA to my Fido brokerage, the transfer is instant and I can immediately trade and buy ETFs in my Fido brokerage.

Thanks, that sounds perfect then.

I'm in the process of trying to consolidate my checking/savings from other banks to Fidelity and have a question. I would like to have separate brokerage (for investment) and CMA (for checking/debit activities & external interface).

If you want to invest in the brokerage account (eg, buy VTI), can it automatically pull from the CMA? Or do you have to wait a day to transfer from CMA to brokerage and wait for it to settle?

(I know CMA can pull cash from the brokerage account for debits if you enable Cash Manager, but I'm asking about the other direction.)

Maybe this would be a good thought exercise. Imagine someone else, say, a neighbor, with > $5M net worth. Do you think that person could retire? What about just "slow down"? What financial scenarios would you be troubled by?

I pose the question this way because sometimes even incredibly smart, talented people who have worked their way up, do not seem to appreciate how well they have done for themselves financially. Perhaps reframing the question will let you see it in a different light.

I just wanted to say this thread proved extremely useful to me. I did exactly the same thing as OP earlier this year, with reinvested dividends in a Roth IRA triggering a partial wash sale. Glad to have the thorough analysis here to help me figure out the consequences.

LadyGeek's excellent moderation is no small part of why this site continues to be so successful. Thank you to LadyGeek!

As reported by others, I had to make a free basic account in order to access the interactive chart.

I received notice yesterday that the builder is increasing the price of all units by 6.5%. “Sign the amendment to the contract, or get out.” I am obviously going to sue them. Nothing in my contract gives them this option and is clearly a breach. I have consulted with a couple of real estate attorneys and they are initially believing this is a breach. They have strung this along for 1 year and are just now springing this on us with 2-3 months left until closing. I am sure the builder has consulted with their attorneys before sending that notice. If that is the case, they would have their bases covered. Not always the case. Large corporations routinely tell people their legal rights are less than they truly are to cow them into submission.

Of course, it is right in the name.

The NYTimes rate is also negotiable down to $4/month.

HueyLD wrote: ↑Sat Apr 23, 2022 10:24 am

TCG236 wrote: ↑Sat Apr 23, 2022 10:15 am What happens if you create a second registration in your spouse's name in your account, but forget to check "This is a gift." and then attempt to purchase $10,000 with that second registration?

Why don’t you give it a try in your account and let us know how it goes?

This happened to me -- the purchase order went through. I realized right away and started panicking. Fortunately, the purchase wouldn't occur until the next day, and I was able to go into "pending" purchases and cancel it. I don't know what would have happened the next day when the purchase would have actually occurred.

I meant what can be done, primarily from a tax optimization standpoint. The lower earner is not really concerned about taxes, given historically not paying a lot of tax. Our effective tax rate is about 20%. I'd like to see a solo 401k set up to increase retirement savings from self-employed earnings and minimize taxable income. I already max HSA, 401k, dependent care, etc. If he opts not to do this, I believe the best alternative is to channel savings into a 529 plan for child's education, right? A solo 401k could be quite beneficial if used by the lower earner. The marginal tax rate is what is important for analysis, not the average rate. It looks like for Married Filing Jointly, you're in the 24% federal bracket, plus whatever the state ...

It's been two years or so since I used it, but Chase accounts at the time could Zelle $2,000 per day (at the time it was called Chase QuickPay). I opened a Chase account specifically for the higher Zelle limit with which to pay rent (and I still had to split it over two transactions, marked Part 1 and Part 2).

Taylor, Thank you and Merry Christmas!

Yes, you are correct. I had the exact same question recently: If you change jobs mid-year, is there a separate $58k total contribution limit for the new job's 401k?

So I did this change today, although relatively moot for this year (I try and max out my 401k early each year). Given anticipated growth rates and my expectations that taxes will rise, I think it makes sense to just take the hit now (even at the current tax rate..). I may change my mind by 2022, but, worth doing for the near term. I reread the thread, and taking everything in, I concur with retiredjg that your desire to stop contributing to tax-deferred may be premature. I wouldn't be so hasty to stop tax-deferred in your situation. Since you're in the 35% bracket now, it seems highly unlikely you'll be above the 35% bracket when RMDs kick in. Particularly if you plan on retiring before age 70, then you can perform Roth conversions for man...

You definitely shouldn't choose taxable over Roth. I don't know of a way to contribute to a roth with high income. Personal IRA is out of range. Backdoor Roth conversion would increase tax burden on current income and at least right now that doesn't make sense. After couple stops earning roth is a good idea, but it would have to be back door. conversions. Am I missing something? Note: Edited because I conflated conversions and back door roths. You asked about stopping tax-deferred contributions and instead placing the money in taxable, because of large RMDs in the future and resulting taxes. Well, if that is on the table, then you may as well invest in a Roth 401k instead of Traditional 401k, since money in a Roth account is more valuable ...

You definitely shouldn't choose taxable over Roth.

What is your net worth? Saving 80% of net income sounds like you may have quite a bit.

From a risk perspective, buying a $1.3 M house with $2M net worth is quite different than with a net worth of $200k.

To really analyze it you'd have to get into the details. How much does an extra $1,000 get you when buying pension years? You could then compare that with the expected value of investing $1,000 in Roth.

In the absence of any other information, I would be suspicious that buying pension years is not a good deal for you compared to Roth investing in the market, but everything depends on the details.

jplee3 wrote: ↑Tue Apr 20, 2021 12:04 pm BTW: The hiring manager responded to my request on salary and said that the final number is subject to HR's review of my experience and credentials. It seems like I won't know the exact number until after I accept/sign the dotted line. This seems inherently risky...

That can't be real. Nobody accepts a job without knowing the compensation and benefits. It's not a serious offer until you know those things, and you should treat it as such.

waltman300 wrote: ↑Sat Apr 17, 2021 3:49 pm Okay so do others agree that those reviews are mostly fake then for that other unknown brand electric toothbrush which has so many good reviews?

Amazon has an absolutely massive problem with fake reviews. Both positive reviews and negative reviews (e.g. from competitors).

h82goslw wrote: ↑Sat Apr 17, 2021 6:58 pm

Jacotus wrote: ↑Sat Apr 17, 2021 6:41 pm What is the purpose of having a 529 if you are single?

One could still be single and have a child

That is quite true .

What is the purpose of having a 529 if you are single?

Vanguard households trade infrequently Fewer than one-quarter of Vanguard households trade in any given year, and those that do typically only trade twice. Most traders’ behavior is consistent with rebalancing or is professionally advised... Trading and product holdings are correlated: Households with individual securities and ETFs are more than three times as likely to trade as Vanguard households overall. This, in part, reflects the restrictions on frequent trading in mutual funds as well as traders’ preferences to use vehicles where they can trade freely (and where they incur their own transaction costs). are any of you individual security and ETF holders "frequent traders"?? I'd speculate that most of the frequent traders are...

Wisdom from one's parents is always welcome in my book. Many people receive no formal education on personal investing, and so if they aren't lucky enough to stumble on it or if they don't realize how important the subject is to learn, they may go a long time without taking the important first few steps. Your assistance on getting them started with investing and making sure they know they have someone they can trust to answer questions would go a long way, and be just as valuable as direct monetary assistance. (Cue give a person a fish vs teach a person to fish). My opinion is that giving your children money now will have a bigger impact on their lives than waiting many years to give later. Though it may be prudent to wait to give large amou...

bsteiner wrote: ↑Thu Apr 15, 2021 7:34 pm The details are complicated but it applies where there’s sufficient common or related ownership.

Thank you. Very glad to get confirmation from those much more knowledgeable than I.

ofckrupke wrote: ↑Thu Apr 15, 2021 7:09 pm Yes, at least provided that the two employers are not part of the same control group. An example of two such employers might be a medical center associated with a university and the university itself. Someone who transitions midyear from medical center to university payroll may need to aggregate the year's additions to a single limit.

Thanks! I wasn't sure what the IRS meant by a "related employer" since they gave no explanation or examples on that webpage.

This question arose in this thread by dboeger1: https://www.bogleheads.org/forum/viewtopic.php?p=5947547#p5947547. I am not sure of the answer because of the IRS's lack of providing a sufficient number of clear examples. I am changing jobs mid year and it's difficult to find the answer. I know that the elective deferral limit (pretax or Roth contributions) of $19,500 is shared across all 401k or 403b plans, but this question is about the total $58,000 limit for all additions (employee or employer). The IRS says thus: https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-401k-and-profit-sharing-plan-contribution-limits Greg is not able to make further elective salary deferrals to his solo 401(k) plan because he has...

5) I believe the $58k total 401(k) contribution limit is per account. If that's the case, after subtracting deferrals and employer matches, I think I may have something like $90k of total Mega Backdoor Roth space in a job-switch year, assuming both employer plans support this. Am I right about this, and if so, is it normal that I'm salivating? Unfortunately, this is not the case. The $58k limit is across all 401k plans. So even if you switch jobs, you cannot contribute more. The limit is also shared with any 403b plans, but 457 plans have a separate limit. Really? I could have sworn I saw a Bogleheads topic concluding it was per account. Looking at the IRS site seems to confirm: https://www.irs.gov/retirement-plans/plan-participant-employe...

dboeger1 wrote: ↑Thu Apr 15, 2021 12:42 am 5) I believe the $58k total 401(k) contribution limit is per account. If that's the case, after subtracting deferrals and employer matches, I think I may have something like $90k of total Mega Backdoor Roth space in a job-switch year, assuming both employer plans support this. Am I right about this, and if so, is it normal that I'm salivating?

Unfortunately, this is not the case. The $58k limit is across all 401k plans. So even if you switch jobs, you cannot contribute more. The limit is also shared with any 403b plans, but 457 plans have a separate limit.

Edit: this may be wrong. See below.

Once your assets grow beyond a certain point, it can make sense to keep only a fixed amount in bonds (N years expenses) and the rest in stocks. With a high net worth you'll be fine no matter what, so if you want extra growth, I don't see anything wrong with this course.

Your marginal tax rate now & at retirement, not your effective rate, is what matters for this decision. Your marginal federal and state tax rates can be determined from your Taxable Income. The rule of thumb is that if you expect your marginal tax rate to be lower in retirement, i.e. your income to be much smaller, then traditional contributions (401k or IRA) serve you better than Roth. Note that your income may be too high to have tax-deductible Traditional IRA contributions. If you file as single, have a 401k plan, and make more than $76,000, then you can't deduct anything. https://www.irs.gov/newsroom/new-income-ranges-for-ira-eligibility-in-2021 Your income may also be too large for direct Roth IRA contributions, in which case you'd...

The title of the thread talks about prenups but the question seems to be less about prenups than about handling general differences in financial preferences between spouses. The latter requires extensive and ongoing open communications with your partner.

You said your conversations didn't go so well, but it sounds like you effectively communicated your preferences to each other. That seems like a good start to me. Having different preferences is normal, and so is finding common ground to compromise.

There is no limit on Roth conversions, and you don't need earned income to do a Roth conversion.

If your income is very low right now, so you'll be in a low tax bracket, and you expect your tax bracket to increase, then yes you can save on taxes by doing Roth conversions now.