Search found 3391 matches

by Chip
Wed Jun 23, 2021 6:57 am
Forum: Investing - Theory, News & General
Topic: Roth Conversions - McQuarrie study
Replies: 247
Views: 17260

Re: Roth Conversions - McQuarrie study

It raises a general question that must have come up in past Boglehead forums (which I'd like to peruse if anyone has links to hand): what percentage of income needs to be replaced in retirement? And does it vary by level of affluence? (of course). From my POV there is quite a bit of disdain here fo...
by Chip
Mon Jun 21, 2021 2:20 pm
Forum: Investing - Theory, News & General
Topic: Roth Conversions - McQuarrie study
Replies: 247
Views: 17260

Re: Roth Conversions - McQuarrie study

Based on my calculations it appears that Rob & Sue can't retire in the manner envisioned in the base case and maintain anywhere close to their pre-retirement spending level. My calculations all are in constant 2020 dollars, so tax brackets don't change and neither does social security. Investmen...
by Chip
Mon Jun 21, 2021 5:28 am
Forum: Investing - Theory, News & General
Topic: Roth Conversions - McQuarrie study
Replies: 247
Views: 17260

Re: Roth Conversions - McQuarrie study

That point about pensions is one of several knowledge gains for me from attending this forum. I hadn't grasped the military retiree case in particular, not part of my circle. That's a Silicon Valley circle, highly compensated employees, no defined benefit pension, none of the excess employer-side c...
by Chip
Fri Jun 18, 2021 8:20 am
Forum: Investing - Theory, News & General
Topic: Roth Conversions - McQuarrie study
Replies: 247
Views: 17260

Re: Roth Conversions - McQuarrie study

Bogleheads: Edward McQuarrie here, happy to answer questions directly. Thanks very much for participating! I agree that the behavioral finance issues you mention often seem to be allowed to overwhelm the math involved. At least in some/many of the discussions here. It also seems that the personal c...
by Chip
Mon Jun 14, 2021 12:32 pm
Forum: Personal Investments
Topic: "Tax Loss Harvesting" in a Financial Advisor pitch: help me understand
Replies: 22
Views: 1550

Re: "Tax Loss Harvesting" in a Financial Advisor pitch: help me understand

This sounds similar to something that was pitched to another Boglehead a while back, especially since the term "tax alpha" was used. Thread here: https://www.bogleheads.org/forum/viewtopic.php?f=1&t=279488 I had some rather uncharitable things to say about the way that particular advis...
by Chip
Fri Jun 11, 2021 4:10 pm
Forum: Personal Consumer Issues
Topic: Updated:Provia Patio Doors (Steel or Fiberglass)??
Replies: 28
Views: 1981

Re: Help me choose:Provia or American Craftman for Glass Patio Doors??

The provia door that the contractor quoted me is "Heritage Smooth Fiberglass Patio Door with Clear Glass" with Aluminum Frame Cladding. I believe that the Heritage line is a little higher grade than the Signet. My installation has the cladding you mentioned. Its purpose is to cover any ex...
by Chip
Fri Jun 11, 2021 1:52 pm
Forum: Personal Consumer Issues
Topic: Updated:Provia Patio Doors (Steel or Fiberglass)??
Replies: 28
Views: 1981

Re: Help me choose:Provia or American Craftman for Glass Patio Doors??

We replaced a front door last year with a Provia Signet (fiberglass) with sidelights. We're very happy with the quality but we definitely paid for it. It took 8+ weeks from order to installation. Not surprising, as it was semi-custom built. The Provia catalog I have shows swinging patio doors availa...
by Chip
Fri Jun 11, 2021 10:43 am
Forum: Investing - Theory, News & General
Topic: One Bogleheads idea I have a hard time understanding...
Replies: 108
Views: 14551

Re: One Bogleheads idea I have a hard time understanding...

I love Buffet, but his comment doesn't make sense to me. He says active investors, as a group, must get average returns (assuming they own 50% and passive investors own the other 50%). But that doesn't sound right. It could be that active investors identify the creme de la creme and beat the passiv...
by Chip
Fri Jun 11, 2021 7:51 am
Forum: Personal Consumer Issues
Topic: Buying a new car during the chip shortage.
Replies: 32
Views: 2917

Re: Buying a new car during the chip shortage.

That may be true in your neck of the woods, but we just bought a Honda in May and the dealers in Houston had PLENTY of cars to sell and sold one to us below MSRP including sales tax, title, license, inspection, junk fees, etc. When my spouse was shopping there were plenty of vehicles for sale at To...
by Chip
Fri Jun 11, 2021 5:43 am
Forum: Personal Consumer Issues
Topic: Buying a new car during the chip shortage.
Replies: 32
Views: 2917

Re: Buying a new car during the chip shortage.

The Honda salespeople I see at golf every week say they are very short of cars and selling everything at MSRP. One is expecting to take off the month of July due to not having cars to sell.

But, as you note, they are paying top dollar for used cars.
by Chip
Wed Jun 09, 2021 8:47 am
Forum: Personal Consumer Issues
Topic: Credit Freeze && Secured Credit card application
Replies: 7
Views: 542

Re: Credit Freeze && Secured Credit card application

Thank you for the advice. I will try the appeal route once the denial letter arrives. I am fine with unfreezing for the window of the application process. If the application can be completed while on the call with customer service that would be best for me. I just went through this process. As ment...
by Chip
Sun May 30, 2021 8:13 am
Forum: Personal Consumer Issues
Topic: Remote meat thermometer
Replies: 24
Views: 1794

Re: Remote meat thermometer

Agree with the Thermoworks recommendation. While I don't have a wireless unit I have several of their other products and the quality is top notch.
by Chip
Sat May 29, 2021 6:03 am
Forum: Personal Consumer Issues
Topic: ATT Mark the Spot going away
Replies: 7
Views: 1580

Re: ATT Mark the Spot going away

"We're the phone company. We don't have to care."

https://vimeo.com/355556831
by Chip
Fri May 28, 2021 4:55 am
Forum: Personal Finance (Not Investing)
Topic: Mom in Hospice, Questions about TIRA
Replies: 50
Views: 5003

Re: Mom in Hospice, Question about MRD

Lee_WSP wrote: Thu May 27, 2021 8:53 pm Not to mention that the tax savings aren't going to be all that great to begin with as the 12% bracket fills up incredibly fast.
Which may or may not be an issue depending on the amount of medical deductions.
by Chip
Thu May 27, 2021 1:06 pm
Forum: Personal Investments
Topic: Tax rate on gold etf?
Replies: 12
Views: 761

Re: Tax rate on gold etf?

I think several of the responses are "sort of" right, but incomplete. First, GLD isn't an ETF, it's a grantor trust as indicated in the PDF linked above. The pass through nature of the trust ensures that holders of the trust are treated as if they directly own their share of the assets of ...
by Chip
Thu May 27, 2021 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Consolidating in Taxable Brokerage Account
Replies: 10
Views: 627

Re: Consolidating in Taxable Brokerage Account

Yes, it makes sense to reduce taxes. No, it doesn't make sense to have assets decrease in value, so that you pay less taxes, unless the decrease in value is less than the decrease in taxes owed. If I had a choice of selling at $200 and paying capital gains on $100, or selling at $125 and paying cap...
by Chip
Thu May 27, 2021 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Consolidating in Taxable Brokerage Account
Replies: 10
Views: 627

Re: Consolidating in Taxable Brokerage Account

Your second option is nonsensical. You've made money, and you want to wait until you've made less money, or lost money, to sell, because you don't like profit? The second option makes all kinds of sense if the OP switches from the undesired ETFs to desired funds in the same asset class. That result...
by Chip
Wed May 26, 2021 12:10 pm
Forum: Personal Consumer Issues
Topic: My Honda Didn't Last
Replies: 110
Views: 12500

Re: My Honda Didn't Last

My wife's 2013 Accord was a pale comparison to the older Accords Interesting. We had an '82 and an '87 Accord and now have a '13 (4 cyl CVT). While all were/have been quite reliable, I would judge the '13 as the best of them. At 100k I've replaced two batteries and repaired a broken sunvisor. Requi...
by Chip
Wed May 26, 2021 7:10 am
Forum: Personal Consumer Issues
Topic: My Honda Didn't Last
Replies: 110
Views: 12500

Re: My Honda Didn't Last

this specific 100,000 mile example aside, there's a phenomenon where brand reputations linger far longer in consumer conscience than reflective of reality. the reality being that ownership changes, management changes, operating philosophy changes, product team changes, manufacturing pipeline change...
by Chip
Sun May 23, 2021 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Help Needed w/Form 4797: Reporting Sale of Rental House
Replies: 19
Views: 1625

Re: Help Needed w/Form 4797: Reporting Sale of Rental House

We could assign a value to the water heater. But doesn't the same question from above apply? Whatever "gain" we show for selling a used water heater comes out of the gain for the rest of the property. It would really complicate the spreadsheet I'm using to sort out the cost basis and depr...
by Chip
Sun May 23, 2021 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Do You Know Anyone Who Went BK in Retirement - Why? [Bankrupt]
Replies: 100
Views: 12351

Re: Do You Know Anyone Who Went BK in Retirement - Why? [Bankrupt]

mptfan wrote: Sun May 23, 2021 9:08 am How long was "eventually?" And what was a large percentage, 30%?
73.65% as of last spring. And it's not over yet.

https://madoffvictimfund.com/case-updat ... ring-2020/
by Chip
Sun May 23, 2021 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Annualized Income Form 2210
Replies: 4
Views: 328

Re: Annualized Income Form 2210

If we withhold a sufficient amount for taxes from the pretax distributions, will that accomplish our goals? DH has not yet claimed SS, but after he does--I was wondering if increased tax withholding from the SS payments would work also? Withholding from pre-tax distributions should work well. Some ...
by Chip
Sun May 23, 2021 7:05 am
Forum: Personal Finance (Not Investing)
Topic: Help Needed w/Form 4797: Reporting Sale of Rental House
Replies: 19
Views: 1625

Re: Help Needed w/Form 4797: Reporting Sale of Rental House

Is it necessary to use the same 1989 improvement ratio (82/18) to split the gross proceeds, or is it OK to estimate a different improvement ratio based on the 2021 assessment data (71/29) to split the proceeds? Legitimately changed market conditions might warrant the revision, but the decision won'...
by Chip
Fri May 21, 2021 3:16 am
Forum: Personal Investments
Topic: Large Net Unrealized Appreciation in a 401K review
Replies: 21
Views: 2980

Re: Large Net Unrealized Appreciation in a 401K review

Do you see any issues with the above? I would be a little concerned about initiating the IRA transfer before separating from service, but I will definitely defer to Alan's expertise on this. But even without that concern it might be simpler to wait and complete both transactions after he retires. B...
by Chip
Thu May 20, 2021 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: unreported FICA tax for severance pay
Replies: 17
Views: 1327

Re: unreported FICA tax for severance pay

What codes are in Box 12? In my experience codes M & N are used to detail FICA and Medicare taxes owed but not withheld. If entered properly then tax programs handle them well.
by Chip
Thu May 20, 2021 3:12 pm
Forum: Personal Investments
Topic: Fixed Index Annuities as Portion of Fixed Inc Allocation
Replies: 8
Views: 697

Re: Fixed Index Annuities as Portion of Fixed Inc Allocation

Barcever wrote: Thu May 20, 2021 11:33 am My agent says the minimum annual return would be about 5%.
Ask him to personally guarantee that in writing (if you don't get 5%, he makes up the difference). His response will tell you everything you need to know.
by Chip
Thu May 20, 2021 1:44 pm
Forum: Personal Investments
Topic: Large Net Unrealized Appreciation in a 401K review
Replies: 21
Views: 2980

Re: Large Net Unrealized Appreciation in a 401K review

Hello - do you mind going a little more into this? My dad is 69 and planning on retiring later this year. He does have some company stock in his 401k that he was thinking about applying NUA treatment to. However - 2 years ago he did take a 25k distribution from this 401k. Does this mean his 401k is...
by Chip
Wed May 19, 2021 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: How Long Is The Wait Until The First SS Deposit
Replies: 3
Views: 563

Re: How Long Is The Wait Until The First SS Deposit

My main concern is when to stop paying for Medicare as I elected to have Medicare premiums deducted from my SS payments. I would strongly suggest that you keep paying your Medicare premiums until you receive a social security deposit in an amount that shows the Medicare premium has been deducted. Y...
by Chip
Wed May 19, 2021 7:58 am
Forum: Forum Issues and Administration
Topic: New Forum Policy Prohibiting Discussions of Cryptocurrency, Market Manipulation Schemes, etc as Investing Strategies
Replies: 270
Views: 16376

Re: New Forum Policy Prohibiting Discussions of Cryptocurrency, Market Manipulation Schemes, etc as Investing Strategies

I'm almost always I'm favour of stronger moderation on the internet forums I frequent. For every 1 forum "ruined" by excess moderation, I've seen 500 ruined by too little moderation. Absolutely. Those who protest this policy have probably never been on a forum where all of the thoughtful ...
by Chip
Mon May 03, 2021 11:55 am
Forum: Personal Investments
Topic: Fidelity Taxable Account - investment options?
Replies: 12
Views: 1338

Re: Fidelity Taxable Account - investment options?

I believe if you want automated investing at Fidelity the only reasonable option for US stocks is FSKAX. Tax efficiency, while generally not as good as VTSAX, is still better than MANY other funds. You might want to quantify the actual tax cost before worrying excessively about it. Some may suggest ...
by Chip
Sun May 02, 2021 4:08 am
Forum: Investing - Theory, News & General
Topic: High value tax advantaged account questions
Replies: 44
Views: 2886

Re: High value tax advantaged account questions

I do not see a difference in having funds in after tax account or tax advantaged accounts for LTCi porposes. You can always retain a specific amount in tax advantaged accounts earmarked for a 'medical emergency' and convert the rest as you choose but having 'too much' in tax advantaged accounts wil...
by Chip
Sun Apr 25, 2021 1:47 pm
Forum: Personal Consumer Issues
Topic: Considering switching from Tracfone to Tello
Replies: 25
Views: 1632

Re: Considering switching from Tracfone to Tello

A couple of years ago, Tracfone changed things so that the "add 1 year for $50" option only appears if you bought your phone directly from Tracfone. (One of my daughters and I can still get this deal, but it won't show up for my daughter who bought her phone from Apple.) But so far I've b...
by Chip
Sat Apr 24, 2021 3:22 pm
Forum: Investing - Theory, News & General
Topic: Find the Dividend: Can You Identify Where a Dividend Payment Affected Equity Price?
Replies: 101
Views: 6857

Re: Find the Dividend: Can You Identify Where a Dividend Payment Affected Equity Price?

So the argument has now morphed from dividends not affecting stock prices to dividends exercising restraint on incompetent management.

Okay. Glad we cleared that up about the effect on stock prices.
by Chip
Sat Apr 24, 2021 10:02 am
Forum: Investing - Theory, News & General
Topic: Find the Dividend: Can You Identify Where a Dividend Payment Affected Equity Price?
Replies: 101
Views: 6857

Re: Find the Dividend: Can You Identify Where a Dividend Payment Affected Equity Price?

A triumph of cherry picking. No, merely illustrating the the payment of dividends DOES affect the price of the stock. If you believe a large dividend can affect the stock price why wouldn't you believe that a smaller one would as well? In your examples the dividend as a percentage of the stock pric...
by Chip
Sat Apr 24, 2021 9:31 am
Forum: Investing - Theory, News & General
Topic: Find the Dividend: Can You Identify Where a Dividend Payment Affected Equity Price?
Replies: 101
Views: 6857

Re: Find the Dividend: Can You Identify Where a Dividend Payment Affected Equity Price?

Can you see it on this chart? I can.

Microsoft paid a $3/share dividend in late 2004. Ex-dividend date was 11/15/04.
by Chip
Sat Apr 24, 2021 6:59 am
Forum: Personal Investments
Topic: Investing in Private Equity Fund
Replies: 32
Views: 2625

Re: Investing in Private Equity Fund

It’s a bit like hedge funds and similar; you won’t be invited to invest in the good ones. We know of a few good ones, but they don’t want our money :D because they don’t need it. Time to haul out the classic Groucho Marx quote: “I don’t want to belong to any club that would accept me as one of its ...
by Chip
Thu Apr 22, 2021 6:04 am
Forum: Personal Finance (Not Investing)
Topic: Asset DISplacement strategies
Replies: 1
Views: 170

Re: Asset DISplacement strategies

In what order would you draw these down? For me it would depend on marginal tax rate during that 10 year period vs. after. Considering both the 11 year period from when the NQDC payments stop plus the period after you have to start RMDs. I would use the withdrawals to try to equalize marginal tax r...
by Chip
Wed Apr 21, 2021 3:53 pm
Forum: Investing - Theory, News & General
Topic: Deleted-Dividend Portfolio (SCHD) vs Stock-Bond (VTI-BND) Portfolio
Replies: 130
Views: 7968

Re: Dividend Portfolio (SCHD) vs Stock-Bond (VTI-BND) Portfolio

I think you should compare 100% SCHD to 70% VTSAX/30% Bitcoin. It would have similar validity to the comparison you made.
by Chip
Wed Apr 21, 2021 1:38 pm
Forum: Personal Investments
Topic: Advice on a brokerage trading error
Replies: 13
Views: 528

Re: Advice on a brokerage trading error

If you did it in a phone call there should be a recording. Ask the manager of the office to find the phone records. If you gave it to them in writing it ought to be easy for them to find.
by Chip
Tue Apr 20, 2021 4:00 am
Forum: Personal Consumer Issues
Topic: Considering switching from Tracfone to Tello
Replies: 25
Views: 1632

Re: Considering switching from Tracfone to Tello

At Tracfone, you can purchase an additional year of service for $50. I've been using Tracfone for years (Verizon service), no complaints, why switch? I used to be able to do that but I haven't been able to the last couple of years. I would buy the cheapest "card" on the website then was a...
by Chip
Sun Apr 18, 2021 11:37 am
Forum: Personal Consumer Issues
Topic: Tool for precise 90 degree cut with utility knife blade?
Replies: 36
Views: 2785

Re: Tool for precise 90 degree cut with utility knife blade?

If you clamped a metal straight edge to it could you do it by hand?
by Chip
Sat Apr 17, 2021 5:38 am
Forum: Personal Investments
Topic: Short Term TIPs ETF (VTIP) - Does it make sense?
Replies: 10
Views: 1203

Re: Short Term TIPs ETF (VTIP) - Does it make sense?

Can you explain any good reasoning for why people like you and me are not 100% TIPS? I have the same problem you do. I was slightly burned by the TIPS price drop in 11/08. I was ready to buy cratering stocks, but I had to sell cratering TIPS to do so. So now I have some nominal Treasuries. Fighting...
by Chip
Sat Apr 17, 2021 5:16 am
Forum: Investing - Theory, News & General
Topic: Value strategies
Replies: 24
Views: 1854

Re: Value strategies

retired@50 wrote: Fri Apr 16, 2021 5:54 pm Chip,
I think the squiggly character (tilde) in front of the $140k is supposed to indicate an approximate number, not a negative number.
Thanks! The font was small enough on my screen that the squiggle wasn't really visible. It looked like a minus sign. OP, my apologies.
by Chip
Fri Apr 16, 2021 4:02 pm
Forum: Investing - Theory, News & General
Topic: Value strategies
Replies: 24
Views: 1854

Re: Value strategies

Less than a year ago you said that your net worth was -140k and that you were very early in your career. If you don't like stock market values then pay down debt. Trying to guess which segment of the market is going to perform well is a fool's errand. I don't know where you are getting this informa...
by Chip
Fri Apr 16, 2021 6:20 am
Forum: Personal Consumer Issues
Topic: local dealers offering to buy car for more than you paid?
Replies: 35
Views: 2322

Re: local dealers offering to buy car for more than you paid?

There is definitely a shortage of some used cars. I know some car salesmen socially and all of them have been talking about rapidly rising prices at the auctions they attend. One of them told me of making 7.5k profit on a Honda sale recently -- it was just a little profit on the new Accord, but the ...
by Chip
Fri Apr 16, 2021 5:25 am
Forum: Personal Consumer Issues
Topic: Wi-Fi router recommendations
Replies: 28
Views: 2310

Re: Wi-Fi router recommendations

What I am looking for is a plug and play Wi-Fi router that has a strong signal. As jebmke said, it depends on the size of your space and how you use your network. Here's a lengthy thread where I asked for router recommendations. Note the extremely wide range of responses. It turned out that a simpl...
by Chip
Fri Apr 16, 2021 5:10 am
Forum: Investing - Theory, News & General
Topic: Value strategies
Replies: 24
Views: 1854

Re: Value strategies

Less than a year ago you said that your net worth was -140k and that you were very early in your career.

If you don't like stock market values then pay down debt. Trying to guess which segment of the market is going to perform well is a fool's errand.
by Chip
Thu Apr 15, 2021 4:35 am
Forum: Investing - Theory, News & General
Topic: What’s the problem with dividends?
Replies: 379
Views: 20765

Re: What’s the problem with dividends?

dboeger1 wrote: Thu Apr 15, 2021 4:03 am That's an interesting point I've never heard before, but I feel like it's also a bit misleading. Shouldn't the dividend theoretically be offset by an equally negative change in share price?
Sure, but you don't get the full amount of that tax "benefit" until you sell the entire position.
by Chip
Wed Apr 14, 2021 4:51 am
Forum: Personal Consumer Issues
Topic: Cicadas
Replies: 76
Views: 8596

Re: Cicadas

All you wanted to know about cicadas (and more!): https://www.cicadamania.com/

DW and I have our hearing protection ready. It will be necessary when working outdoors. Seriously.