Search found 5324 matches

by dratkinson
Wed May 05, 2021 6:35 pm
Forum: Personal Consumer Issues
Topic: Bird watchers – what birds are you seeing?
Replies: 1157
Views: 54359

Re: Bird watchers – what birds are you seeing?

LadyGeek wrote: Wed May 05, 2021 12:22 pm...
The way I heard it: "Red touches yellow, he's a killing fellow. Red touches black, killing lack."
I was taught growing up in '60s Arkansas: "Red and yellow, kill a fellow. Red and black, nice to Jack."
by dratkinson
Wed May 05, 2021 4:15 am
Forum: Personal Consumer Issues
Topic: Bird watchers – what birds are you seeing?
Replies: 1157
Views: 54359

Re: Bird watchers – what birds are you seeing?

Had lunch with some friends in the mountains a few days ago. Afterward, sitting on their covered porch, while the afternoon sun warmed our toes, saw a small, dark bird with white patches on its cheeks, working up and down a tree trunk. Looking through their bird book, believe it was a Tree Swallow. ...
by dratkinson
Tue May 04, 2021 5:45 pm
Forum: Investing - Theory, News & General
Topic: Do I have to read the prospectus before buying an index fund?
Replies: 88
Views: 5542

Re: Do I have to read the prospectus before buying an index fund?

Yes, you must read the prospectus for each fund you own. After reading a few, you can skim the boilerplate paragraphs describing risk of ownership. "Got it, nothing out of the ordinary, these are the standard ways I could lose money." But the other stuff is important and you need to be awa...
by dratkinson
Mon May 03, 2021 7:01 pm
Forum: Investing - Theory, News & General
Topic: Qualified Versus Unqualified Dividends
Replies: 7
Views: 935

Re: Qualified Versus Unqualified Dividends

I've tried to match up the yearend distributions estimate and 1099DIV. My conclusion. When a fund declares STCG/LTCG from internal fund operation: --LTCG from internal fund operation are reported on 1099DIV box 2a, which flows to Sch D line 13. --STCG from internal fund operation are reported on 109...
by dratkinson
Mon May 03, 2021 4:53 pm
Forum: Personal Investments
Topic: First time poster seeking advice for lump sum
Replies: 4
Views: 570

Re: First time poster seeking advice

I have really enjoyed reading this forum and it has helped us move toward our long term goals. I appreciate any advice that the board brings for our current situation. Thanks in advance! Emergency funds: 9 to 12 months expenses Debt: No debt, renting. Tax Filing Status: Married Filing Jointly Tax R...
by dratkinson
Sun May 02, 2021 4:40 pm
Forum: Personal Investments
Topic: IRS NOT Letting me buy $5k additional ibonds with refund (2nd Year in a row)
Replies: 9
Views: 1636

Re: IRS NOT Letting me buy $5k additional ibonds with refund (2nd Year in a row)

I'm surprised to hear this. Would have thought this problem would have been resolved by now. Several years back, I played the "I bond fed tax refund game", and won. At the time, many posters said they couldn't get $5K in I bonds, but they did get a mailed $5K check. :annoyed At the time th...
by dratkinson
Sun May 02, 2021 3:59 pm
Forum: Personal Investments
Topic: What is your favorite portfolio management tool or calculator?
Replies: 32
Views: 2934

Re: What is your favorite portfolio management tool or calculator?

I track my investments in Excel. My list of other favorite free tools. --"Morningstar, Portfolio X-Ray Tool". (Free access from public library account. What is your investing style?) --"FINRA Fund Analyzer". (What are your investment cost? Doesn't include costs added FA.) --"...
by dratkinson
Tue Apr 27, 2021 7:34 pm
Forum: Personal Investments
Topic: New to the forum! Please advise?
Replies: 12
Views: 1074

Re: New to the forum! Please advise?

You didn't say, but we are assuming that you are in the highest fed+state income tax brackets. +1 on the idea to take a sabbatical. The future is unknowable, don't believe you have enough to handle a worst case event, and so don't believe you can safely retire today, while living in a HCOL area.* Rh...
by dratkinson
Mon Apr 26, 2021 3:26 pm
Forum: Personal Consumer Issues
Topic: Planning to buy only one tire, instead of two (on an axle, as usually recommended)...
Replies: 9
Views: 918

Re: Planning to buy only one tire, instead of two (on an axle, as usually recommended)...

....all of which leads to the question in my original post (since no one knows if there are "minor differences in tire diameters"...That was the focus of my question. Minor differences, with an open differential, don't make a difference. And all other differentials are also designed to co...
by dratkinson
Sun Apr 25, 2021 2:48 pm
Forum: Personal Consumer Issues
Topic: Planning to buy only one tire, instead of two (on an axle, as usually recommended)...
Replies: 9
Views: 918

Re: Planning to buy only one tire, instead of two (on an axle, as usually recommended)...

If it doesn't have a limited slip differential, you've got a one wheel drive vehicle. You could literally put different size tires on each wheel and it would not hurt the vehicle. Look at old, clapped out pickups for sale. Chances are very good that you won't get even 2 tires that are the same. Not...
by dratkinson
Sat Apr 24, 2021 7:01 pm
Forum: Investing - Theory, News & General
Topic: Purchasing state specific Tax EXEMPT FUND
Replies: 10
Views: 1234

Re: Purchasing state specific Tax EXEMPT FUND

I did some analysis. I don't think there is a state specific fund for my state. So just buying the bond funds for NJ and NY makes sense. If there's no fund for your state, then a national municipal bond fund is your best bet. Less risk, better return than a state-specific fund, and taxes are the sa...
by dratkinson
Sat Apr 24, 2021 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Creative ways to reduce AGI
Replies: 32
Views: 4621

Re: Creative ways to reduce AGI

Transfer any balances where you might be earning interest to accounts which pay nothing. This is livesoft's idea of reducing the amount of tax paid on ordinary income reported on Sch B part 1, by moving it to part 2 (QDI, LTCG), or off Sch B all together (FTC, tax-exempt dividends). So I... --Got r...
by dratkinson
Fri Apr 23, 2021 6:58 pm
Forum: Personal Investments
Topic: I savings bonds for emergency fund
Replies: 50
Views: 4273

Re: I savings bonds for emergency fund

Another option. Depending upon how large your EF is, your risk tolerance and tax bracket, you might want to consider a higher-yield tax-efficient bond fund in taxable. Disclosure. Before. I used savings bonds (EE+I), bought annual limits, and played annual fed tax refund game. But eventually realize...
by dratkinson
Fri Apr 23, 2021 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Creative ways to reduce AGI
Replies: 32
Views: 4621

Re: Creative ways to reduce AGI

Maybe this search will give you some good ideas. Search: https://www.google.com/search?q=pay+zero+tax+on+6+figure+income+site%3Abogleheads.org%2Fforum Failing in that, you could: --Refinance your home at a much higher interest rate to take advantage of the higher mortgage tax deduction. --Join a cul...
by dratkinson
Thu Apr 22, 2021 6:52 pm
Forum: Personal Investments
Topic: I invest in 10 Vanguard funds. How should I consolidate this mess?
Replies: 27
Views: 3563

Re: I invest in 10 Vanguard funds. How should I consolidate this mess?

... Thanks. Yes, my bonds are barely above what I invested in them. I'm going to liquidate them to cover a down payment on a house, then rebalance my IRAs and 401k. I know you are probably very busy and don't believe you have the time for a forum review, believe all you need is the answer to one or...
by dratkinson
Wed Apr 21, 2021 5:56 pm
Forum: Personal Consumer Issues
Topic: Visible Wireless vs Total Wireless
Replies: 19
Views: 3062

Re: Visible Wireless vs Total Wireless

I switched to visible from regular Verizon several mos ago. The plan itself is fine, but the hotspot is horrible if you plan on using that feature. Meaning the hotspot speed cap or some other issue? +1 What was your issue? If it's the restricted 5Mbps download speed, or only one connected device, t...
by dratkinson
Wed Apr 21, 2021 5:12 pm
Forum: Personal Investments
Topic: I invest in 10 Vanguard funds. How should I consolidate this mess?
Replies: 27
Views: 3563

Re: I invest in 10 Vanguard funds. How should I consolidate this mess?

Taxable account? Assuming your funds are in taxable, you don't want to make any change that will earn tax dollars for uncle sugar and his nephews at state. But if you get a chance to TLH (tax-loss harvest) your other funds, then do so and put that money into TSM (total us stock market index) or TIS...
by dratkinson
Wed Apr 21, 2021 4:19 pm
Forum: Personal Investments
Topic: Order of Taxation - STCG vs LTCG
Replies: 4
Views: 326

Re: Order of Taxation - STCG vs LTCG

You might find the concept of "income stacking", in this old topic, to be helpful.
See: viewtopic.php?p=1247382#p1247382

Can also wade through the "Qualified Dividends and Capital Gain Tax Worksheet---line 16"
by dratkinson
Tue Apr 20, 2021 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: I want to buy cash with my credit card. Will the IRS allow this adventure of mine?
Replies: 50
Views: 5984

Re: I want to buy cash with my credit card. Will the IRS allow this adventure of mine?

Sidebar. See current related topic, "If I pay my income tax using my credit card with a high rewards percentage, do I need to pay taxes on the rewards?": https://www.bogleheads.org/forum/viewtopic.php?p=5877360#p5877360 Note linked article in which a determined couple used: --CCs to buy gi...
by dratkinson
Tue Apr 20, 2021 5:50 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 2841
Views: 280739

Re: [What TV Show Have You Recently Watched?]

Broken Man 1999 wrote: Tue Apr 20, 2021 3:11 pm I have binge-watched Criminal Minds ... very well done.
Recall each show ended with an interesting quote. Liked to look up additional quotes by same author.

Search: https://www.google.com/search?q=criminal+minds+quotes
by dratkinson
Tue Apr 20, 2021 5:32 pm
Forum: Personal Consumer Issues
Topic: Vinyl Fence
Replies: 45
Views: 3184

Re: Vinyl Fence

Ugh, vinyl. Have pity on your neighbors and use wood instead of a material Not Found in Nature that they'll have to look at all the time. Sorry, but I will have to strongly disagree here. Not a big fan of fences in general and consider privacy fences as inherently unattractive, but the looks of the...
by dratkinson
Sat Apr 17, 2021 4:10 pm
Forum: Personal Investments
Topic: Roth Conversions in Retirement
Replies: 23
Views: 2294

Re: Roth Conversions in Retirement

Problem. By moving your 403b/457 into a tIRA, you have created a prorata problem for your multi-year Roth conversions. No problem here. The tax cost of converting pre-tax traditional funds to Roth is independent of the tIRA balance. Things would be different if we were talking about the backdoor Ro...
by dratkinson
Sat Apr 17, 2021 3:22 pm
Forum: Personal Investments
Topic: Roth Conversions in Retirement
Replies: 23
Views: 2294

Re: Roth Conversians in Retirement

If you will need RMDs to pay retirement living expenses, then no need to do Roth conversions as conversions just pay tax early. But, if you don't need/want RMDs/taxes, then Roth conversion will turn off unneeded RMDs, and so minimize tax in later retirement. Problem. If you convert all in one year, ...
by dratkinson
Sat Apr 17, 2021 1:34 pm
Forum: Personal Investments
Topic: Newbie Taxable Acct Question re: LTCG
Replies: 4
Views: 283

Re: Newbie Taxable Acct Question re: LTCG

Idea. Close is good enough.
--Keep the VT that you have, and begin buying VTI+VXUS with new money, including redirected VT distributions.
--And if the day comes when VT has a net loss, then TLH (tax-loss harvest) it to VTI+VXUS.

This way will take longer to unload VT, but it'll save you tax dollars.
by dratkinson
Fri Apr 16, 2021 7:46 pm
Forum: Personal Investments
Topic: VWLUX as my bond fund
Replies: 3
Views: 833

Re: VWLUX as my bond fund

Recall many on the forum recommend VWIUX, because it's an IT (intermediate-term) national (vs single-state) muni fund. Why? IT bonds are reported to be on the sweet spot of the risk/reward yield curve. National muni fund is safer than a single-state muni fund. Disclosure. But I prefer VWLUX (and a s...
by dratkinson
Fri Apr 16, 2021 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Can I make a Roth for my daughter?
Replies: 31
Views: 3119

Re: Can I make a Roth for my daughter?

dink2win wrote: Thu Apr 15, 2021 12:04 pm Yes, I do this for my wife. I also call it "matching"
Believe IRS calls it a "spousal IRA".
Search: https://www.google.com/search?q=spousal+ira
by dratkinson
Fri Apr 16, 2021 6:11 pm
Forum: Personal Investments
Topic: Bond ladder vs. Bond fund (edited)
Replies: 8
Views: 1132

Re: Bond ladder vs. Bond fund

... I realize that tax exempt bond interest will be added to my AGI for IRMAA purposes. IRMAA. All income affects AGI, which affects IRMAA. AGI is based on actual income, not taxable-equivalent income. So munis with their lower yield, affect AGI/IRMAA less than higher-yield taxable bonds. Bottom li...
by dratkinson
Fri Apr 16, 2021 4:06 pm
Forum: Personal Consumer Issues
Topic: Hoover Vacuum Problem (Mystery Solved)
Replies: 21
Views: 1288

Re: Hoover Vacuum Problem (Mystery Solved)

... 2. A can of Coca Cola that was on a shelf in the closet above where the vacuum is stored sprung a leak. That explains the "sticky brown liquid" seeping from the vacuum. That can normally would have been consumed a long time ago. However, we have that variety of Coke for one particular...
by dratkinson
Thu Apr 15, 2021 12:18 pm
Forum: Personal Investments
Topic: sell all rental homes in one year or stager them yearly
Replies: 21
Views: 1683

Re: sell all rental homes in one year or stager them yearly

Good problem to have. I vote: maximize your after-tax income to invest in your taxable account. Believe 2018 was the first year of the current tax code (signed Dec 2017). And it was to have a 10yr sunset, after which time tax brackets would return to former higher rates. Assuming it does, better to ...
by dratkinson
Mon Apr 12, 2021 12:45 pm
Forum: Personal Investments
Topic: I cant find anything better than S&P
Replies: 74
Views: 8142

Re: I cant find anything better than S&P

Just putting money in S&P is what I am doing. I tried to look into buying real estate Buying individual stocks and etc. But everything seems like a lot of hassle and more risk than just cruising with DCA into the market. Do you guys have any other suggestion where to put money? Just doing this ...
by dratkinson
Sat Apr 10, 2021 9:07 am
Forum: Personal Consumer Issues
Topic: [On-going Scams - Post them here]
Replies: 456
Views: 34560

Re: [On-going Scams - Post them here]

Mentioned that I'd had a call from a scammer who said I'd been over-charged and they wanted to give back the money. Told them to keep the money... which confused them. I hung up and thought nothing more about it. But, have since learned more about what I missed by not playing their game. Most intere...
by dratkinson
Fri Apr 09, 2021 8:35 am
Forum: Personal Investments
Topic: I cant find anything better than S&P
Replies: 74
Views: 8142

Re: I cant find anything better than S&P

cegibbs wrote: Fri Apr 09, 2021 7:18 am S&P500 is a fantastic investment. Warren Buffett and Jack Bogle approved.
Search "Warren Buffett 10 year bet": https://www.google.com/search?q=warren+ ... 0+year+bet
by dratkinson
Wed Apr 07, 2021 9:40 am
Forum: Personal Investments
Topic: What to do with inherited Nuveen muni bonds
Replies: 9
Views: 807

Re: What to do with inherited Nuveen muni bonds

Your tax brackets suggest munis are appropriate. When I was researching single-state muni funds, recall reading Nuveen prospectus and finding lots to dislike: AMT, leverage,... forget all what else---lots of stuff I recalled reading that we should avoid. Student exercise. --Read prospectus for all y...
by dratkinson
Wed Apr 07, 2021 12:13 am
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 2376
Views: 282268

Re: Post your Financial Milestone Announcements Here

I'm really excited that I finally have a retirement plan in place. I'm young but anxiety around finances kept me putting it off for like 3 years because I just couldn't do it. 1 week on the bogleheads wiki and forum... it's set I went with the 3 fund with % bonds = age for simplicity. Couldn't beli...
by dratkinson
Tue Apr 06, 2021 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: I feel like my friend is about to make a massive financial mistake
Replies: 153
Views: 22425

Re: I feel like my friend is about to make a massive financial mistake

... So, you could suggest to your friend, why not just add up all the money he is going to kick into this project, divide that number by 5 , and write 4 checks, each for that amount; one to his gf and one to each of the gf's siblings. They get free money. Then they all go in as equal partners. It's...
by dratkinson
Tue Mar 30, 2021 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Voluntary state withholding from qualified pension?
Replies: 14
Views: 841

Re: Voluntary state withholding from qualified pension?

I need to withhold for fed + state, to cover income from pension + SS + taxable distributions. Pension. I ask employer to withhold for fed + state. SS. I ask SS to withhold for fed. (SS does not withhold for state.) Tax-deferred withdrawals. Have read we can withhold tax on withdrawals (conversions,...
by dratkinson
Tue Mar 30, 2021 4:44 pm
Forum: Personal Consumer Issues
Topic: How to fix leaky/drafty sliding patio door window?
Replies: 5
Views: 491

Re: How to fix leaky/drafty sliding patio door window?

I really only cared about air infiltration during the winter. Summer cooling comes from swamp cooler... air's gotta go out somewhere. I push a thick foam backer rod into the space between sliding door and frame. I can still open door, with some difficulty, but must reinsert backer rod afterwards. Se...
by dratkinson
Sun Mar 28, 2021 9:13 pm
Forum: Personal Investments
Topic: Desperately asking for help - Thank you!
Replies: 39
Views: 5454

Re: Desperately asking for help - Thank you!

Thank you for pointing this out. I looked these two tax exempt bond index history and I do see they had losses. I am concerning if they are good safe bonds and if so, the ultimate result should be gain (income/capital). My understanding may not be correct and I feel I don't have other choices. … Th...
by dratkinson
Sat Mar 27, 2021 4:09 pm
Forum: Personal Investments
Topic: Desperately asking for help - Thank you!
Replies: 39
Views: 5454

Re: Desperately asking for help - Thank you!

RadAudit made me remember something. What? Another way to guesstimate an appropriate AA. The forum generally advises that we set our AA based on bonds: age-in-bond (conservative), age-10-in-bonds (aggressive), or age-20-in-bonds (very aggressive). But Adrian's Rule comes at setting our AA from the o...
by dratkinson
Fri Mar 26, 2021 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Bank Account - Checking
Replies: 38
Views: 3549

Re: Bank Account - Checking

... Disclosure. I use presidential.com (bank) for primary checking ($1500 min balance to avoid $5 fee); later added local B&M canvas.org (CU) for local access, free 0.10% savings and 0% (backup) checking; and ABP by CC technique to boost their yield on 1yr of living expense kept there. The conv...
by dratkinson
Thu Mar 25, 2021 8:12 am
Forum: Personal Finance (Not Investing)
Topic: Bank Account - Checking
Replies: 38
Views: 3549

Re: Bank Account - Checking

Most local credit union have free checking with $0 fees. Most do not ask you to use debit cards X times per month. If online is ok I would go with https://www.alliantcreditunion.org/ .55% on saving easy move money to checking as needed Here is $100 for opening it https://ww2.alliantcreditunion.org/...
by dratkinson
Thu Mar 25, 2021 6:44 am
Forum: Investing - Theory, News & General
Topic: I bonds vs. tax advantaged accounts
Replies: 16
Views: 1871

Re: I bonds vs. tax advantaged accounts

Buying I bonds with your tax refund makes doing taxes less onerous. Disclosure. Several years back, I simplified my investments, by redeemed all savings bonds to replace them with no-annual-contribution-limit municipal bond funds, to get the munis' fed+state tax benefits, and higher after-tax income...
by dratkinson
Thu Mar 25, 2021 6:34 am
Forum: Personal Investments
Topic: Desperately asking for help - Thank you!
Replies: 39
Views: 5454

Re: Desperately asking for help - Thank you!

The simpler are your investments, the fewer moving pieces to worry you. To that end, use: --In your tax-advantaged accounts (tax-deferred (401k, traditional IRA,...), tax-free (Roth IRA,...)), use an all-in-one fund. It'll manage itself. --In your taxable account, use total stock market index fund, ...
by dratkinson
Wed Mar 24, 2021 8:37 am
Forum: Personal Investments
Topic: Talk me out of changing AA to 50% stocks
Replies: 43
Views: 4703

Re: Talk me out of changing AA to 50% stocks

While increasing your stock asset allocation when the market is near a peak is usually the wrong time to do it, one could argue that you're just shifting some funds from a highly concentrated equity position in a single business to the overall stock market. Asset allocation should be considered ove...
by dratkinson
Wed Mar 24, 2021 7:14 am
Forum: Personal Consumer Issues
Topic: [On-going Scams - Post them here]
Replies: 456
Views: 34560

Re: [On-going Scams - Post them here]

Beware of emails with something like this: Dear Subscriber, #xxxxxxxxxxxxxxx Unfortunately your free trial is ending in 2 days. But thank you for choosing to stay with us! Your subscription will be continued using a payment method you already provided. The plan you selected will cost you only $89.9...
by dratkinson
Tue Mar 23, 2021 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Which U.S. military bases are the best locations to work as a civilian RN?
Replies: 19
Views: 2386

Re: Which U.S. military bases are the best locations to work as a civilian RN?

If you want the Colorado experience, there are several bases (AF, Army) around Colorado Springs; USAF Academy and Peterson AFB come immediately to mind and lower cost of living that in Denver. But would think younger folks looking for adventure should enjoy the experience of living overseas. Then re...
by dratkinson
Mon Mar 22, 2021 10:53 pm
Forum: Personal Consumer Issues
Topic: Overthinking my Lawnmower Purchase (Push vs. Riding)
Replies: 56
Views: 3011

Re: Overthinking my Lawnmower Purchase (Push vs. Riding)

Why don't you just get some neighbor kid to mow it and move on? I called three lawn services for estimates and, based on their averages, that would cost $900-1,000 per year. That's not something I'm willing to pay in perpetuity for an incredibly easy activity. I think you have justified the expense...
by dratkinson
Mon Mar 22, 2021 10:21 pm
Forum: Personal Investments
Topic: Considering $1M conversion from TIRA to my Roth. Talk me out of it!
Replies: 58
Views: 4703

Re: Considering $1M conversion from TIRA to my Roth. Talk me out of it!

Suggest reading this to wag your Equilibrium Tax Bracket, for a single-filer after RMDs start: https://www.kitces.com/blog/tax-rate-equilibrium-for-retirement-taxable-income-liquidations-roth-conversions Then consider annually converting up to the top of your Equilibrium Tax Bracket. Assuming you ha...
by dratkinson
Mon Mar 22, 2021 12:52 pm
Forum: Personal Investments
Topic: New invester
Replies: 6
Views: 534

Re: New invester

Recommended timeframes and vehicles to save for short-term goals.
<5yrs: insured savings, CDs, mmkt, savings bonds. (Savings bonds have 1yr lockout and annual purchase limits.)
5-10yrs: safe bond funds.
>10yrs: safe equity funds.


Welcome.
by dratkinson
Mon Mar 22, 2021 11:50 am
Forum: Personal Investments
Topic: Retirement in a year and need help with planning
Replies: 5
Views: 1388

Re: Retirement in a year and need help with planning

Question. Can OP make a charitable donation of his rental properties ($1.25M) and get a dollar-for-dollar deduction on a 1yr conversion of his $1.3M TSP?