Search found 598 matches

by RubyTuesday
Tue Apr 06, 2021 7:06 am
Forum: Personal Consumer Issues
Topic: Should I buy a SLR camera without a built in flash?
Replies: 90
Views: 3280

Re: Should I buy a SLR camera without a built in flash?

D850 is arguably the best DSLR available. Great very low noise high dynamic range sensor, great autofocus system, professional grade everything. If you buy it, I suggest exploring Godox flashes. Great quality and value. That said, do you really want or need professional equipment? And do you even wa...
by RubyTuesday
Mon Apr 05, 2021 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: Can someone become bankrupt from gift contracts?
Replies: 16
Views: 1771

Re: Can someone become bankrupt from gift contracts?

My favorite case of an attempt to enforce a gift made in writing involved Mark McCluskey, a St. Louis Missouri attorney. According to the St Lous Post Dispatch: “Mark McCloskey’s first taste of ownership may have been on his 20th birthday, in 1976. A card from his parents, Bruce and Lois “Carol” Mc...
by RubyTuesday
Mon Apr 05, 2021 4:15 pm
Forum: Investing - Theory, News & General
Topic: The Atlantic: The Autopilot Economy -- Economists ... are Worried That Index Funds are Hurting Markets
Replies: 28
Views: 3401

Re: Atlantic Hit Piece on Index Investing

[Post merged into here --admin LadyGeek] [OT comments removed by admin LadyGeek] Somehow they are trying to make the argument that indexing is bad because everybody enjoys the winnings instead of guessing winners or letting active investors gamble. Hmmm. https://www.theatlantic.com/ideas/archive/20...
by RubyTuesday
Mon Apr 05, 2021 10:00 am
Forum: Investing - Theory, News & General
Topic: The Atlantic: The Autopilot Economy -- Economists ... are Worried That Index Funds are Hurting Markets
Replies: 28
Views: 3401

Re: The Atlantic: The Autopilot Economy -- Economists ... are Worried That Index Funds are Hurting Markets

Read the entire article. She surprisingly spends a lot of time extolling the virtues of passive index investing for individuals! Most of the fears and concerns she raises (or are raised by others with vested interests) are speculative with little to no research or data behind them. The words “might”...
by RubyTuesday
Sun Apr 04, 2021 7:56 pm
Forum: Personal Investments
Topic: Best all-in-one, set it and forget portfolio?
Replies: 36
Views: 3129

Re: Best all-in-one, set it and forget portfolio?

Set it and forget it single fund implies very little need for customer service. Just need accurate and timely 1099s and low fees. There’s no “best” but many good. And Vanguard, Fidelity, Schwab are all probably good enough to service you.
by RubyTuesday
Sun Apr 04, 2021 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Safe Harbor - Do Estimated Tax Payments Count?
Replies: 10
Views: 1169

Re: Safe Harbor - Do Estimated Tax Payments Count?

See instructions for IRS form 2210. You can also use the “short method” if you paid the same amount of estimated tax on each of the four payment due dates. So figure out your safe harbor amount, subtract any withholdings, and divide the remainder by 4 and make 4 equal payments. Otherwise pay estimat...
by RubyTuesday
Sun Apr 04, 2021 6:25 pm
Forum: Personal Investments
Topic: Roth conversion
Replies: 28
Views: 1759

Re: Roth conversion

If you know how much you’re going to do and don’t expect any surprises, then do it early in the year IMO since the expectation is the market will go up and you’re not thinking you can time the market. If you aren’t sure how much you’ll convert due to other taxable income unknowns or other unknowns i...
by RubyTuesday
Sun Apr 04, 2021 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Should I opt for deferred compensation ? seeking advise
Replies: 31
Views: 3080

Re: Should I opt for deferred compensation ? seeking advise

IIRC the distributions from a deferred compensation plan are taxed as ordinary/regular income. As a result if you invest in equities in a deferred compensation plan you will not have the advantages of long-term capital gains treatment of any gains on equity investments in the account. So the taxes ...
by RubyTuesday
Sun Apr 04, 2021 9:11 am
Forum: Investing - Theory, News & General
Topic: In 2020, did the Fed by investment grade corporate bonds?
Replies: 11
Views: 1084

Re: In 2020, did the Fed by investment grade corporate bonds?

Technically they bought ETFs (a.k.a. The index or the market) that covered IG and HY. It was a one off deal to address a liquidity crisis. They did not target fallen angels. From the second link in zonto’s post above, the following quotes indicate 1) they setup special purpose vehicle to directly p...
by RubyTuesday
Sun Apr 04, 2021 7:30 am
Forum: Personal Finance (Not Investing)
Topic: Should I opt for deferred compensation ? seeking advise
Replies: 31
Views: 3080

Re: Should I opt for deferred compensation ? seeking advise

I wouldn’t fool with it if you’re planning to retire in 5 years. The tax gains in your situation are not that big. There’s also risk that 1) your employer goes bust - low I know 2) your employer is acquired or otherwise shuts the plan. The latter happened to me and resulted in the one time distribu...
by RubyTuesday
Sat Apr 03, 2021 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Tales from this insane real estate market
Replies: 410
Views: 49098

Re: Tales from this insane real estate market

I think there is some exaggeration in the California exodus. However, check how much it costs to rent a U-Haul from LA (or any other California city) to Nashville (or any other city in the southeast) and then check the exact opposite trip on the same day. It will probably cost FIVE TIMES as much to...
by RubyTuesday
Fri Apr 02, 2021 6:21 pm
Forum: Investing - Theory, News & General
Topic: 30 Years and 100% VTI
Replies: 111
Views: 12350

Re: 30 Years and 100% VTI

Historically we know 100% equities will always win out in the highest return (10.29%): https://advisors.vanguard.com/VGApp/iip/advisor/csa/analysisTools/portfolioAnalytics/historicalRiskReturn Emphasis mine. The words “will always” when referring to something that has already happened seems inappro...
by RubyTuesday
Fri Apr 02, 2021 4:56 pm
Forum: Investing - Theory, News & General
Topic: 30 Years and 100% VTI
Replies: 111
Views: 12350

Re: 30 Years and 100% VTI

Historically we know 100% equities will always win out in the highest return (10.29%): https://advisors.vanguard.com/VGApp/iip/advisor/csa/analysisTools/portfolioAnalytics/historicalRiskReturn Emphasis mine. The words “will always” when referring to something that has already happened seems inappro...
by RubyTuesday
Fri Apr 02, 2021 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Why do I owe so much in Taxes?
Replies: 55
Views: 6737

Re: Why do I owe so much in Taxes?

So many tax related questions would be resolved if the poster understood the difference between tax withholdings and taxes.
by RubyTuesday
Thu Apr 01, 2021 6:31 pm
Forum: Personal Investments
Topic: Personal Rep from vangusrd
Replies: 7
Views: 575

Re: Personal Rep from vangusrd

livesoft wrote: Thu Apr 01, 2021 5:49 pm to get you to use the less old platform?
See what you did there... :D
by RubyTuesday
Thu Apr 01, 2021 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: (Invalid?) Relocation repayment agreement
Replies: 13
Views: 920

Re: (Invalid?) Relocation repayment agreement

Does your relocation have to be repaid if you are terminated? The change could potentially be considered constructive termination, but since it was applied broadly perhaps not. If the numbers are significant or you’re really tweaked about it see a lawyer or roll the dice.
by RubyTuesday
Thu Apr 01, 2021 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Pledged Security Mortgage
Replies: 2
Views: 159

Re: Pledged Security Mortgage

Following, but no experience in these.
by RubyTuesday
Thu Apr 01, 2021 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Which is more forward-looking? Solar panels or Roth investment?
Replies: 20
Views: 968

Re: Which is more forward-looking? Solar panels or Roth investment?

Roth is more forward looking to me. I do not use enough energy to make solar panels worthwhile. Has Peloton connected their machines into the power grid yet? That would be pretty cool, but wouldn’t generate much power. When I’m really working pretty hard on cycle I’m generating about 300 Watt secon...
by RubyTuesday
Thu Apr 01, 2021 7:41 am
Forum: Personal Consumer Issues
Topic: Pedestal Sink - Disposal?
Replies: 15
Views: 893

Re: Pedestal Sink - Disposal?

Your local waste disposal company or city dept. is best way to get this answered. For our area, you can put large items in alley next to your property once a month and city will pick up sometime during a certain week of the month. Scavengers usually clear anything of “value” well before the city get...
by RubyTuesday
Wed Mar 31, 2021 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: $1M / $5M Geico Umbrella Policy in Florida: Are These Numbers Insane?
Replies: 40
Views: 3492

Re: $1M / $5M Geico Umbrella Policy in Florida: Are These Numbers Insane?

I’m with State Farm and I believe they require home and auto. Mine is cheaper (I forget but approximately $600 for $5M).
by RubyTuesday
Mon Mar 29, 2021 8:10 pm
Forum: Personal Investments
Topic: Setting up automatic ACH transfers of dividends/interest?
Replies: 17
Views: 1020

Re: Setting up automatic ACH transfers of dividends/interest?

At Vanguard I have dividends deposited to settlement account. Then from there I use automatic transfers to move money monthly to bank account. I have it set for $X,000/month. When there is less than $X,000 in settlement it transfers the entire balance. So if you truly want all the dividends, perhaps...
by RubyTuesday
Mon Mar 29, 2021 8:05 pm
Forum: Investing - Theory, News & General
Topic: Dividends vs no dividends. A case study.
Replies: 53
Views: 3846

Re: Dividends vs no dividends quantified

Others have nailed your mistake, you are not recognizing that you are derisking the portfolio by not reinvesting dividends. To have an accurate comparison, either ... 1) reinvest dividends and they should have same similar performance except for taxes, and you’ve been paying taxes on dividends. or ....
by RubyTuesday
Mon Mar 29, 2021 3:57 pm
Forum: Personal Investments
Topic: Overpaying Your Quarterly Taxes to Purchase Paper I Bonds
Replies: 4
Views: 655

Re: Overpaying Your Quarterly Taxes to Purchase Paper I Bonds

Once we figured our taxes for 2020, we made an online payment (essentially same as a payment with request for extension though we didn’t file for an extension). This will bring our refund to $5040 and I’ll get $40 in direct deposit to go with my $5k of I Bonds. Payment scheduled for 4/1 and I’ll e-f...
by RubyTuesday
Sat Mar 27, 2021 3:45 pm
Forum: Investing - Theory, News & General
Topic: Most effective yearly withdrawal strategy in Retirement
Replies: 30
Views: 3047

Re: Most effective yearly withdrawal strategy in Retirement

In taxable, turn off dividend reinvestment (should be anyway for ease in rebalancing). Setup monthly transfer from brokerage to checking of $x based on spending or all if dividends are regularly insufficient. Supplement by selling monthly (or quarterly or whatever) based on needs.
by RubyTuesday
Fri Mar 26, 2021 6:58 pm
Forum: Investing - Theory, News & General
Topic: Are 3x leveraged ETFs the long-term winning strategy?
Replies: 652
Views: 30536

Re: Are 3x leveraged ETFs the long-term winning strategy?

I had a look at the Wikipedia article of the Kelly Criterion, but from I understood, it mostly applies to situations where you either gain or lose money. Since (I think) we all assume that "stonks only go up" in the long-run, I don't see how I can calculate the probability of losing money...
by RubyTuesday
Fri Mar 26, 2021 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Black Swan insurance
Replies: 45
Views: 3496

Re: Black Swan insurance

For young working age people, disability insurance is an important piece of the puzzle I think. I’m familiar with these in the context of employer sponsored plans, but not sure whether a parent/or child could but for an adult child in grad school?
by RubyTuesday
Thu Mar 25, 2021 10:07 pm
Forum: Personal Consumer Issues
Topic: Digital persona - curating your online presence
Replies: 28
Views: 2076

Re: Digital persona - curating your online presence

I used LinkedIn with real name for networking while working. I occasionally use Facebook with real name to connect with some friends (locked down as much as possible). I use Facebook with fake name for some gaming applications. Everything else is not under real name. All that said, it wouldn’t surpr...
by RubyTuesday
Thu Mar 25, 2021 8:45 pm
Forum: Personal Consumer Issues
Topic: Landlord Committing Mortgage Fraud
Replies: 7
Views: 1522

Re: Landlord Committing Mortgage Fraud

Sure sounds like he’s committing mortgage and insurance fraud. I wouldn’t remove photos, or do anything that implicated me in any way with his potential fraud. I would actually be inclined to ask why he would ask me to do that, but there’s risk in that. You could face retaliation, lose your rental, ...
by RubyTuesday
Thu Mar 25, 2021 2:15 pm
Forum: Investing - Theory, News & General
Topic: Use VNTC as successor trustee?
Replies: 9
Views: 462

Re: Use VNTC as successor trustee?

I haven’t researched this carefully, but I believe you can hire a directed corporate trustee that administers the trust but isn’t responsible for investments. I think fees are probably 35-55 basis points, so perhaps that’s an option. There are several trust experts in the forum who will likely weigh...
by RubyTuesday
Thu Mar 25, 2021 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement: Pension or lump sum ?
Replies: 30
Views: 3037

Re: Retirement: Pension or lump sum ?

I really do think you’re thinking about this the right way. Assuming things go as planned, lump sum is likely optimal financially, but comes with risks. The pension and healthcare are insurance against things not going as planned. Only you and spouse can decide whether the tax cost is worth the insu...
by RubyTuesday
Thu Mar 25, 2021 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement: Pension or lump sum ?
Replies: 30
Views: 3037

Re: Retirement: Pension or lump sum ?

The pre-tax value of the $100k annuity (pension) is much better than you could buy from an immediate annuity for lump sum of $1.5M. But if you really are going to remain in current tax brackets based on wife’s income, I think you’re right to think the lump sum will work out better net of taxes. If I...
by RubyTuesday
Thu Mar 25, 2021 1:47 pm
Forum: Investing - Theory, News & General
Topic: Use VNTC as successor trustee?
Replies: 9
Views: 462

Re: Use VNTC as successor trustee?

When we thought through the issue, we chose a mid-sized Trust Company with a local office as our corporate successor trustee. We made the decision not to use VNTC for several reasons: - VNTC doesn’t do real estate - we liked having local people to handle some potential personal aspects of trust mana...
by RubyTuesday
Thu Mar 25, 2021 1:37 pm
Forum: Investing - Theory, News & General
Topic: Use VNTC as successor trustee?
Replies: 9
Views: 462

Re: Use VNTC as successor trustee?

Does anyone here have VG National Trust Company designated as their successor trustee? I have long had them designated as such, but during a recent succession documents review, again noted their fee structure. At the lowest rung, I think it is 0.25% per annum for administering a trust and 0.30% for...
by RubyTuesday
Tue Mar 23, 2021 10:48 pm
Forum: Investing - Theory, News & General
Topic: Vanguard 2021 Dividend Schedule
Replies: 11
Views: 1811

Re: Vanguard 2021 Dividend Schedule

How do some funds have Ex-dividend/reinvest dates that are before the record date? A quick scan it appears to only be ETFs. How can an ETF go ex-dividend before the record date, which I thought was the day that determines who gets the dividend. To account for the T+2 settlement. Example: day 1: if ...
by RubyTuesday
Tue Mar 23, 2021 7:56 pm
Forum: Investing - Theory, News & General
Topic: Vanguard 2021 Dividend Schedule
Replies: 11
Views: 1811

Re: Vanguard 2021 Dividend Schedule

How do some funds have Ex-dividend/reinvest dates that are before the record date? A quick scan it appears to only be ETFs.

How can an ETF go ex-dividend before the record date, which I thought was the day that determines who gets the dividend.
by RubyTuesday
Tue Mar 23, 2021 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: JTWRS Problems - what are my options?
Replies: 136
Views: 10458

Re: JTWRS Nightmare - what are my options?

I’m a little confused based on my experience with Vanguard and a local bricks and mortar bank. We have joint brokerage acct and checking acct that are JTWROS and I regularly transact on just my signature/authorization, including wiring funds to a credit union acct titled only to me (for a great CD r...
by RubyTuesday
Tue Mar 23, 2021 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Home Purchase and Realtor Bidding Advice
Replies: 22
Views: 1884

Re: Home Purchase and Realtor Bidding Advice

In many some cases your realtor has a fiduciary responsibility to the seller, not you. Did you enter into buyers agency agreement?

IANAL
by RubyTuesday
Tue Mar 23, 2021 8:39 am
Forum: Personal Investments
Topic: Interesting retirement strategy
Replies: 45
Views: 5515

Re: Interesting retirement strategy

Without knowing his entire portfolio allocation and tax location, it’s impossible to know even what he’s really doing. For example, our entire 457b balance is in stable value, but we have sizable taxable acct and overall ~70/30 AA. And IMO this is good strategy for us as SV pays more than any other ...
by RubyTuesday
Tue Mar 23, 2021 8:24 am
Forum: Personal Investments
Topic: Questions about an inactive solo 401k Fidelity
Replies: 12
Views: 811

Re: Questions about an inactive solo 401k Fidelity

So ... 1) don’t know anything about solo 401k 2) don’t know anything about solo 401k 3) on 12/31/2021 any balance in your trad IRAs without basis (e.g. pre-tax contributions, rollovers of pre-tax 401ks, and earnings on non-deductible contributions) will impact tax on conversion per pro-rata. So if 1...
by RubyTuesday
Tue Mar 23, 2021 8:05 am
Forum: Personal Investments
Topic: Questions about an inactive solo 401k Fidelity
Replies: 12
Views: 811

Re: Questions about an inactive solo 401k Fidelity

You can't do a conversion for a prior year only contributions so you'll have to do the conversion on 2021 taxes. If this refers to the backdoor roth part, I don’t understand. For 2020 taxes (which I have not filed yet), I thought I can contribute to nondeductable tIRA, then convert to Roth right aw...
by RubyTuesday
Mon Mar 22, 2021 7:04 pm
Forum: Personal Investments
Topic: Considering $1M conversion from TIRA to my Roth. Talk me out of it!
Replies: 58
Views: 4584

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

In my humble opinion, it’s a terrible idea. You would be in the HIGHEST marginal federal tax bracket (do you have state income tax too?). Consider converting up to the top of the 22 or 24% brackets at most. If it helps, think of it this way... right now Uncle Sam shares in any losses in your tIRA.
by RubyTuesday
Mon Mar 22, 2021 6:37 pm
Forum: Personal Investments
Topic: Huge Windfall + Vanguard PAS, Here's What They Allocated For Me
Replies: 68
Views: 7687

Re: Huge Windfall + Vanguard PAS, Here's What They Allocated For Me

It’s probably fine for your age, but if my head math is working is that about 95/5 equity/fixed income? And about 60/40 domestic to intl? I would probably do more in fixed income and also maybe a little heavier domestic. But without knowing your other details (mortgage, etc), it’s a fine enough allo...
by RubyTuesday
Fri Mar 19, 2021 2:51 pm
Forum: Personal Investments
Topic: Move from Intermediate US Treasuries to TIPS?
Replies: 58
Views: 4697

Re: Move from Intermediate US Treasuries to TIPS?

And with unexpected inflation being a risk that I worry about, most of my fixed income is in inflation protected securities, namely TIPS funds and Series I savings bonds (some is also in CDs and stable value fund).
by RubyTuesday
Fri Mar 19, 2021 2:46 pm
Forum: Personal Investments
Topic: Move from Intermediate US Treasuries to TIPS?
Replies: 58
Views: 4697

Re: Move from Intermediate US Treasuries to TIPS?

"Would this be a good time..." betrays a desire (or expected ability) to market time. I have neither. At any rate, IMO both nominal bonds and TIPS are priced based on expected inflation. So to the extent that you're right and inflation is expected to rise, investors have taken that expecta...
by RubyTuesday
Fri Mar 19, 2021 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Should I mail my tax returns? IRS paying interest.
Replies: 23
Views: 1816

Re: Should I mail my tax returns? IRS paying interest.

Swivelguy wrote: Fri Mar 19, 2021 12:56 pm What if rates rise? Consider the interest rate risk. You don't know how long of a duration bond you're buying, so it's hard to know whether it is well-matched to your investment time horizons!
Wouldn't IRS rates increase if interest rates increase?
by RubyTuesday
Fri Mar 19, 2021 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Should I mail my tax returns? IRS paying interest.
Replies: 23
Views: 1816

Re: Should I mail my tax returns? IRS paying interest.

So new CD/savings account replacement???
- send in $20K overpayment
- file taxes by mail
- request payment in Series I Savings Bonds ($5K) and $15K cash.
- collect interest from IRS on $20K
by RubyTuesday
Fri Mar 19, 2021 12:52 pm
Forum: Investing - Theory, News & General
Topic: Grok's tip #7: Skip foreign bonds!
Replies: 145
Views: 30233

Re: Grok's tip #7: Skip foreign bonds!

It's was interesting reading my own post there from 2013, funny how some of your own thoughts from past may appear strange to you. Your body's cells regenerate (at different rates depending on the cell) and after about 7-10 years your entire body has replaced itself... you are quite literally not t...
by RubyTuesday
Fri Mar 19, 2021 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Capital Gains Harvesting with Pension deduction phaseout
Replies: 0
Views: 163

Capital Gains Harvesting with Pension deduction phaseout

Hi, We're in an interesting situation which I'm trying to think through and would appreciate the perspective of the boglehead hive mind... These numbers are illustrative, but not actual. We receive state pension of $30,000. Our state has income tax that is effectively 6%. The pension is excluded fro...
by RubyTuesday
Mon Mar 15, 2021 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: [Third stimulus payment - mega-thread]
Replies: 362
Views: 25853

Re: Received 3rd stimulus check 3/12/21

Nothing indicated at bank website, but IRS site says scheduled for payment on 3/17.