Search found 12614 matches

by jebmke
Thu May 13, 2021 5:24 pm
Forum: Personal Investments
Topic: Tax Loss Harvesting - key points to keep in mind
Replies: 6
Views: 592

Re: Tax Loss Harvesting - key points to keep in mind

I normally keep a short list of TLH pairs -- where I would move the money to when selling the asset with the loss. Each destination must be something I'm willing to hold forever. The new asset may never show a loss in the future and I may end up holding it a long time. Fortunately Vanguard has a lot...
by jebmke
Thu May 13, 2021 4:57 pm
Forum: Personal Consumer Issues
Topic: Hiking solo in the [Smoky] Mountains
Replies: 49
Views: 2766

Re: Hiking solo in the Smoking Mountains

Do people think that they can make friends with wildlife? You are in their environment. Respect their space and keep your distance. You're not out there hunting them, and they are not out there hunting you. In general, that's true. But I still wore snake-proof boots in northern Florida (rattlesnake...
by jebmke
Thu May 13, 2021 4:39 pm
Forum: Personal Consumer Issues
Topic: Hiking solo in the [Smoky] Mountains
Replies: 49
Views: 2766

Re: Hiking solo in the Smoking Mountains

ScoobyDoo wrote: Thu May 13, 2021 4:35 pm
SmallSaver wrote: Thu May 13, 2021 1:51 pm Black bears aren't al that dangerous, and if you're just day hiking on popular trails...
FAMOUS LAST WORDS, I’m sure!!! LOL
Only for the slowest person in your party.
by jebmke
Thu May 13, 2021 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Maryland Pension Exclusion and Private Pension
Replies: 11
Views: 654

Re: Maryland Pension Exclusion and Private Pension

I am assuming you are referring to this page https://marylandtaxes.gov/forms/20_forms/502R.pdf. I am not quite able to see the exact definition for an annuity purchased with pretax IRA money. At the time of distribution, it is no longer an IRA but an annuity. Which of the 7 categories does it fall ...
by jebmke
Thu May 13, 2021 3:16 pm
Forum: Personal Consumer Issues
Topic: Hiking solo in the [Smoky] Mountains
Replies: 49
Views: 2766

Re: Hiking solo in the Smoking Mountains

I do not carry any bear spray when hiking in the mountains in the east. Even if accompanied by someone, I do text the coordinates of my entry to the trail to someone close to me (usually sibling) so that they know when and where I entered. Then I confirm my return with a text so they know I'm not lo...
by jebmke
Wed May 12, 2021 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Maryland Pension Exclusion and Private Pension
Replies: 11
Views: 654

Re: Maryland Pension Exclusion and Private Pension

vineviz wrote: Wed May 12, 2021 5:21 pm Yes, but I’m pretty sure that a purchased annuity would also have code “D” used in conjunction with code “7” whereas a QRP distribution should not include code “D”.
I've seen hundreds of 1099-Rs that were purchased annuities that had code "7"
by jebmke
Wed May 12, 2021 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Maryland Pension Exclusion and Private Pension
Replies: 11
Views: 654

Re: Maryland Pension Exclusion and Private Pension

Another thing is the back side for MD Form 502R has the exact definitions of what does and doesn't qualify based on the tax code. I believe this form exists so they can forecast what it would cost to extend the exclusion to IRAs. Yes. Also spelled out in instructions and administrative releases. I ...
by jebmke
Wed May 12, 2021 4:29 pm
Forum: Investing - Theory, News & General
Topic: Vanguard short term inflation protected bonds (TIPS)
Replies: 18
Views: 1431

Re: Vanguard short term inflation protected bonds (TIPS)

If anyone knows it is out there it is expected.
by jebmke
Wed May 12, 2021 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Maryland Pension Exclusion and Private Pension
Replies: 11
Views: 654

Re: Maryland Pension Exclusion and Private Pension

vineviz wrote: Wed May 12, 2021 3:10 pm You're correct: the code in Box 7 will indeed give you the information you need to figure out whether the distribution is from a qualified plan or not
No it will not. A purchased annuity may well have a distribution code “7”
by jebmke
Wed May 12, 2021 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Maryland Pension Exclusion and Private Pension
Replies: 11
Views: 654

Re: Maryland Pension Exclusion and Private Pension

. I understand that a private pension (annuity purchased with non-qualified money) is fully taxable in the state of Maryland. I am assuming there will be a 1099-R with the Box 7, IRA/SEP/SIMPLE checkbox unchecked. I have never seen a 1099-R from a private pension so my assumption may be totally wro...
by jebmke
Wed May 12, 2021 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: How did you figure out what to Retire TO?
Replies: 51
Views: 3103

Re: How did you figure out what to Retire TO?

Is there anything you learned after you retired that would have been helpful to think through before you made your "retire to" decision, and perhaps would have influenced you to take a different path? I think the main lesson is to stay flexible. As it turned out, for perfectly good reason...
by jebmke
Wed May 12, 2021 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: who notifies Vanguard beneficiaries?
Replies: 18
Views: 2463

Re: who notifies Vanguard beneficiaries?

Accounts that have specific *named individuals* designated as beneficiaries (such as most IRAs, 401ks,life insurance, TOD/POD transfer on death or payable on death titled bank and brokerage accounts) are not locked down, since they are not actually part of the estate. I don't recall the exact titli...
by jebmke
Wed May 12, 2021 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: who notifies Vanguard beneficiaries?
Replies: 18
Views: 2463

Re: who notifies Vanguard beneficiaries?

If your executor or trustee won't do this basic task, you should choose someone else. Yes; my wife has been personal representative for two family estates and part of the role is to notify beneficiaries. My memory is fuzzy but I think the court instructions were to not advise specifics until an inv...
by jebmke
Tue May 11, 2021 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: IRS hasn't processed 2019 tax amendment(Mail delivered to IRS August 2020), not showing up in IRS portal, what to do ?
Replies: 43
Views: 3189

Re: IRS hasn't processed 2019 tax amendment(Mail delivered to IRS August 2020), not showing up in IRS portal, what to do

cricket49 wrote: Tue May 11, 2021 5:18 pm I got on the IRS website yesterday and they processed my 2019 tax return as of May 10. It only took
them 15 months but I am glad this is over. :annoyed
For comparison purposes, I e-filed my 2020 return on 4/26/21 and my (small) refund hit the bank today.
by jebmke
Tue May 11, 2021 2:46 pm
Forum: Investing - Theory, News & General
Topic: The selloff in semiconductors is getting ridiculous
Replies: 10
Views: 2506

Re: The selloff in semiconductors is getting ridiculous

Longtime semiconductor equipment company employee here: Maybe you don't have a long term sense of history of the semiconductor industry. Historically the industry has been cyclic -- boom and bust. worked in automation business for 30+ years. We supplied a lot to the industry -- fab equipment OEMs a...
by jebmke
Tue May 11, 2021 10:57 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 5149
Views: 1331793

Re: What Book Are You Currently Reading? Part VI

Ratification , by Pauline Maier. This is the history of the debates over ratification of the U.S. Constitution in the years 1787-1788 via conventions elected by voters in the 13 original States and the regions which soon became the States of Kentucky, Vermont and Maine. I thought the book was very ...
by jebmke
Tue May 11, 2021 9:52 am
Forum: Personal Investments
Topic: what to do with an unanticipated, realized capital gain?
Replies: 3
Views: 334

Re: what to do with an unanticipated, realized capital gain?

Had I known this was going to happen ahead of time, I would have donated that stock to my DAF. That would have been the ideal strategy; I've done this a couple of times. I'm surprised you were not notified. It is my understanding that all shareholders are sent proxy documents outlining the terms of...
by jebmke
Tue May 11, 2021 9:45 am
Forum: Personal Consumer Issues
Topic: Bird watchers – what birds are you seeing?
Replies: 1195
Views: 56355

Re: Bird watchers – what birds are you seeing?

In our Tulip Poplar trees: Black-Throated Blue, 2 Northern Parulas, 2-3 Blackpoll Warblers. A dozen Least Sandpipers working the mud flats out back. Two Green Herons now so likely nesting here again this year. Assortment of regulars every day include various finches, Pine Siskins, Brown Thrasher (th...
by jebmke
Tue May 11, 2021 7:21 am
Forum: Personal Finance (Not Investing)
Topic: Mysterious deposit from IRS
Replies: 12
Views: 3326

Re: Mysterious deposit from IRS

Thanks for all the input. I'm setting up an account with the IRS to investigate this further. The IRS has to snail mail me account registration info, so it may take a week or so. I was laid off from my job last year and did collect unemployment benefits in 2020 and 2021. Although my income was well...
by jebmke
Mon May 10, 2021 2:55 pm
Forum: Personal Investments
Topic: Why not put everything in SPHD and be done with it?
Replies: 31
Views: 3780

Re: Why not put everything in SPHD and be done with it?

A big chunk of market growth is appreciation (possibly aka speculation). Dividends drive growth, but are not the only return. And 51 stocks is in no way diversified enough for me. International for example? Expense ratio of 0.3% not bad, but Total Stock is way lower. Even if one wants a value tilt,...
by jebmke
Mon May 10, 2021 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Annualized Income for tax filing: Form 2210
Replies: 5
Views: 258

Re: Annualized Income for tax filing: Form 2210

And I"m supposed to track dime and penny dividend payment from each mutual funds I have? Setting aside the question of materiality, aren't these all reported on your monthly statements? Personally, for a small item like $20 of bank interest I'd just divide by 12 and prorate according to the mo...
by jebmke
Sun May 09, 2021 7:40 pm
Forum: Personal Consumer Issues
Topic: How do you pay for a car?
Replies: 32
Views: 2466

Re: How do you pay for a car?

When we returned from an ex-pat life in 2006 I bought a car with American Express; we didn't have the cash in a US bank. I'm not sure it is that easy now. Normally we pay cash for cars (last car I bought - in late 2007 -- the dealer took a personal check); my wife bought a new car in 2018 and they g...
by jebmke
Sun May 09, 2021 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: No 2020 1099-G for state tax refund or fed refund interest?
Replies: 3
Views: 276

Re: No 2020 1099-G for state tax refund or fed refund interest?

I had a client that received a 1099-int for federal interest on a late refund so this was not a systemic issue.
by jebmke
Sun May 09, 2021 4:44 pm
Forum: Personal Consumer Issues
Topic: Are there quiet central air conditioners (the outside unit)?
Replies: 18
Views: 1512

Re: Are there quiet central air conditioners (the outside unit)?

We replaced a lot of windows in the last few years and that cut down on sound from our outside unit (vintage 2013 Bryant) quite a bit. I have to be close to that wall to hear it start up. The only time I notice it is when it is going through a defrost cycle in winter (heat pump) when it sound a bit ...
by jebmke
Sat May 08, 2021 11:34 am
Forum: Investing - Theory, News & General
Topic: What Ever Happened to "Your Age In Bonds"?
Replies: 116
Views: 9223

Re: What Ever Happened to "Your Age In Bonds"?

Just not true that low bond yields mean investors need to take more risk. The market is probably correct that long-term inflation will stay low, and intermediate-term bonds will continue beating inflation as they historically have. Low nominal yields are fine if interest rates stay low, which all o...
by jebmke
Sat May 08, 2021 9:10 am
Forum: Investing - Theory, News & General
Topic: What Ever Happened to "Your Age In Bonds"?
Replies: 116
Views: 9223

Re: What Ever Happened to "Your Age In Bonds"?

Negative (real) interest rates probably a factor.
by jebmke
Fri May 07, 2021 4:53 pm
Forum: Personal Consumer Issues
Topic: Where on my IRS website account do I find 1099/W2 income reported?
Replies: 3
Views: 419

Re: Where on my IRS website account do I find 1099/W2 income reported?

They don't allow you to see it until you file a return. Not sure why, but one guess would be to prevent someone from seeing whether a 1099 WASN'T sent in. Is that recent? A couple of years ago I helped a client file back returns for multiple years. She had no records and was able to get the W2s and...
by jebmke
Fri May 07, 2021 1:28 pm
Forum: Personal Investments
Topic: Retirees: Monthly vs Quarterly vs Annual Distributions
Replies: 76
Views: 4837

Re: Retirees: Monthly vs Quarterly vs Annual Distributions

That's essentially the same as my "let the allocation drift" alternative. It is still $100K of fixed income (zero duration). Purely a duration choice. I choose not to take the consequences of zero duration over the long haul. Historically that has been the correct decision. As I said, wit...
by jebmke
Fri May 07, 2021 1:03 pm
Forum: Personal Investments
Topic: Retirees: Monthly vs Quarterly vs Annual Distributions
Replies: 76
Views: 4837

Re: Retirees: Monthly vs Quarterly vs Annual Distributions

100K emergency comes, I spend down EF then replenish back up via 3% withdrawal rate, like 5K/mo. I also use a percentage-based withdrawal method, so I'm keeping the damage constant at all times with respect to my equities AA. That's essentially the same as my "let the allocation drift" al...
by jebmke
Fri May 07, 2021 11:38 am
Forum: Personal Investments
Topic: Retirees: Monthly vs Quarterly vs Annual Distributions
Replies: 76
Views: 4837

Re: Retirees: Monthly vs Quarterly vs Annual Distributions

My entire portfolio is my EF. But yes, if you have little or no bonds, the EF is the bonds. Cash is just a zero duration bond in that regard. But I hold zero cash except what is needed to pay for next month's bills. I guess I'd be curious how you protect your equities portion. Let's say you're 60/4...
by jebmke
Fri May 07, 2021 10:56 am
Forum: Personal Investments
Topic: Retirees: Monthly vs Quarterly vs Annual Distributions
Replies: 76
Views: 4837

Re: Retirees: Monthly vs Quarterly vs Annual Distributions

My entire portfolio is my EF. But yes, if you have little or no bonds, the EF is the bonds. Cash is just a zero duration bond in that regard. But I hold zero cash except what is needed to pay for next month's bills.
by jebmke
Fri May 07, 2021 10:46 am
Forum: Personal Investments
Topic: Retirees: Monthly vs Quarterly vs Annual Distributions
Replies: 76
Views: 4837

Re: Retirees: Monthly vs Quarterly vs Annual Distributions

To me, a decently large EF makes sense under all circumstances. If the market is down and you didn't want to withdraw (sell low), your EF allows you not to. Many people have a reasonably balanced portfolio of equity and bonds. In that case, you would not be selling when the market is down, you'd be...
by jebmke
Fri May 07, 2021 10:18 am
Forum: Personal Investments
Topic: Tax Planning - Best way to realize capital loss
Replies: 3
Views: 240

Re: Tax Planning - Best way to realize capital loss

I have used a little of a mixed strategy with losses over the years. I harvested a ton of them in '08-09. I used them in a couple of situations where I had high ER funds that I should never have bought and used the losses to dump these. I also used them to re-balance a couple of times. For individua...
by jebmke
Fri May 07, 2021 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Taxes: W2 Box 16 NOT blank despite living in FL
Replies: 5
Views: 314

Re: Taxes: W2 Box 16 NOT blank despite living in FL

As Rick has said, the facts of the situation matter. If the income was earned in another state, your partner may need to file a non-resident return in that state. This is often the situation in my area where someone works part or all of the time in Delaware but lives in Maryland. They file a residen...
by jebmke
Fri May 07, 2021 8:58 am
Forum: Investing - Theory, News & General
Topic: Confused about dividend investing, market downturns and early retirement
Replies: 88
Views: 5745

Re: Confused about dividend investing, market downturns and early retirement

Unless on has all (or mostly) stock holdings, there is no need to "sell during a downturn." With a reasonably balanced portfolio of equity and bonds, one would be selling bonds to buy equity (re-balancing) and food in a downturn.
by jebmke
Fri May 07, 2021 8:07 am
Forum: Personal Consumer Issues
Topic: Country Club
Replies: 56
Views: 4931

Re: Country Club

Another consideration I haven’t seen mentioned (and possibly a nonissue), but what is the exit cost/ability? Particularly with what I believe to be a decline in golf participation over the last decade, it seems like I’ve heard of situations where members can not give up their club membership until ...
by jebmke
Fri May 07, 2021 7:35 am
Forum: Personal Consumer Issues
Topic: Country Club
Replies: 56
Views: 4931

Re: Country Club

For me, the main question to answer is - are we a country club family? If the answer to that is yes, then the second question is - are the members of this country club people we are comfortable with? If that answer is yes, then you've made your decision. It's a very personal decision. Me, I can't e...
by jebmke
Thu May 06, 2021 2:44 pm
Forum: Personal Investments
Topic: Retirees: Monthly vs Quarterly vs Annual Distributions
Replies: 76
Views: 4837

Re: Retirees: Monthly vs Quarterly vs Annual Distributions

as needed. Much of our expenses are on credit cards or direct debit. I've line up all the DDs for right around the first of the month. In the last week of the prior month, all the CCs close for the month so I know exactly what is due on CCs and DDs. If I don't have it covered with money in the bank ...
by jebmke
Thu May 06, 2021 8:05 am
Forum: Forum Issues and Administration
Topic: Posts about cyber currencies
Replies: 22
Views: 914

Re: Posts about cyber currencies

I'm not a moderator but I would say, no, they won't ban these posts. Among other reasons, the forums are not strictly about "investments." There are sub-forums on non-investment financial topics as well as a forum on consumer topics.
by jebmke
Wed May 05, 2021 5:45 pm
Forum: Personal Investments
Topic: When should I sell some stocks funds/Rebalance to preserve potential future losses?
Replies: 17
Views: 1741

Re: When should I sell some stocks funds/Rebalance to preserve potential future losses?

The market will drop. If you are can't handle a drop, you have too much stock, gains or no gains. I always tried to re-balance with new money as much as possible. But what you are describing isn't re-balancing, it is a change in your target. True, maybe I need to go down to an 80/20. How should I a...
by jebmke
Wed May 05, 2021 5:16 pm
Forum: Personal Investments
Topic: When should I sell some stocks funds/Rebalance to preserve potential future losses?
Replies: 17
Views: 1741

Re: When should I sell some stocks funds/Rebalance to preserve potential future losses?

The market will drop. If you are can't handle a drop, you have too much stock, gains or no gains.

I always tried to re-balance with new money as much as possible. But what you are describing isn't re-balancing, it is a change in your target.
by jebmke
Wed May 05, 2021 7:58 am
Forum: Personal Investments
Topic: how to hedge your portfolio against rising interest rates
Replies: 14
Views: 632

Re: how to hedge your portfolio against rising interest rates

What does a surging CPI look like now? In the 70s and very early 80s I recall inflation rates hit mid-teens percent. My first mortgage was 14%.
by jebmke
Wed May 05, 2021 7:36 am
Forum: Personal Finance (Not Investing)
Topic: New car purchase with credit card(s)
Replies: 19
Views: 1553

Re: New car purchase with credit card(s)

We did it back in 2006 when we returned to the US. Most of our "free cash" was in a non-US bank at the time and we needed a car quickly. I put it on my green American Express card.
by jebmke
Tue May 04, 2021 5:07 pm
Forum: Investing - Theory, News & General
Topic: Keeping track of my investments?
Replies: 18
Views: 1505

Re: Keeping track of my investments?

If you keep them all at one brokerage, they will keep track of everything for you.
by jebmke
Tue May 04, 2021 1:34 pm
Forum: Personal Investments
Topic: Retirees: Distributions in down markets
Replies: 43
Views: 3070

Re: Retirees: Distributions in down markets

We have always simply withdrawn when and if needed, not before. In '09 we actually increased our spending quite a bit; prices for travel were too good to pass up and crowds were thin. It was also a good time to get home improvements done since contractors were available and prices were rock bottom.
by jebmke
Mon May 03, 2021 5:02 pm
Forum: Personal Investments
Topic: Can I retire by end of year
Replies: 27
Views: 3713

Re: Can I retire by end of year

70% stocks / 30% bonds or 60% stocks / 40% bonds (Not yet completely settled on this and would appreciate some guidance) the difference between these is negligible. 10% of stocks or 0% of stocks (Unsure) again, probably not material difference. IMO less than 20-25% weighting on a "factor"...
by jebmke
Mon May 03, 2021 3:49 pm
Forum: Personal Consumer Issues
Topic: Transplanted Satsuma Tree
Replies: 4
Views: 497

Re: Transplanted Satsuma Tree

Our tree guy suggests not using any fertilizer the first year a tree is relocated. Generally the plant will be focusing most of its early growth in the roots.
by jebmke
Mon May 03, 2021 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: What if filing taxes late
Replies: 3
Views: 487

Re: What if filing taxes late

Based on many recent reports, Direct Pay (and EFTPS) are more reliable than making the payment through a software firm. They may have resolved the issues with software interface to MEF filing system but for weeks, payments were being delayed for many days.
by jebmke
Mon May 03, 2021 6:10 am
Forum: Personal Finance (Not Investing)
Topic: end-of-life values statement
Replies: 42
Views: 5031

Re: end-of-life values statement

Didn’t read, not actionable for me wrt you. Most relevant feedback should be from family and whoever is your medical POA recipient as well as your doc. Agree with post about standard formats. Providers will be very familiar with them.