Search found 76506 matches

by livesoft
Tue Aug 03, 2021 8:53 pm
Forum: Investing - Theory, News & General
Topic: Index vs ETC
Replies: 13
Views: 647

Re: Index vs ETC

^You may be surprised to find out that the index ETF VTI is taxed exactly the same way as the index mutual fund VTSAX.
by livesoft
Tue Aug 03, 2021 7:37 pm
Forum: Personal Investments
Topic: Backdoor Roth vs Brokerage account
Replies: 2
Views: 237

Re: Backdoor Roth vs Brokerage account

A Backdoor Roth is the process of making a non-deductible traditional IRA contribution and then converting traditional IRA assets to a Roth IRA. That is two things in the process: Contribution, then Conversion. When thought of that way, there should be less confusion. Generally, conversions of a tra...
by livesoft
Tue Aug 03, 2021 6:07 pm
Forum: Investing - Theory, News & General
Topic: Index vs ETC
Replies: 13
Views: 647

Re: Index vs ETC

Many exchanged-traded funds are index funds. For instance, look up the ticker symbol VTI. It is an ETF. Is it an index fund? What did you find out?
by livesoft
Tue Aug 03, 2021 4:22 pm
Forum: Personal Consumer Issues
Topic: New Garmin GPS - charging issue or not?
Replies: 43
Views: 1464

Re: New Garmin GPS - charging issue or not?

Thanks for the update. It's nice that it seems to be working for you.
by livesoft
Tue Aug 03, 2021 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: Moving To Texas - Need State Bank and/or Financial Institution Recommendation
Replies: 4
Views: 407

Re: Moving To Texas - Need State Bank and/or Financial Institution Recommendation

Wells Fargo, Bank of America, Chase, Citibank, and all other national banks are represented here. We use WellsFargo which has provided everything for us for free for decades including free checks, no fee ATMs, no fee international ATM, free accounts, a free no-commission investment account and super...
by livesoft
Tue Aug 03, 2021 4:05 pm
Forum: Personal Investments
Topic: Need help with portfolio balancing.
Replies: 5
Views: 582

Re: Need help with portfolio balancing.

3. Tax implications of selling current equities in taxable account to move to a low cost index fund. IRS Publication 550 as well as IRS Form 1040 Schedule D details the tax implications. I personally would recommend that you sell all the individual stocks as soon as you can perhaps this way: 1. Sel...
by livesoft
Tue Aug 03, 2021 3:57 pm
Forum: Personal Investments
Topic: taxable brokerage account
Replies: 6
Views: 594

Re: taxable brokerage account

any other suggestions to increase bond allocation? Buy more bond fund shares in your tax-deferred accounts if they are not 100% bond funds already. Otherwise, if tax-deferred accounts are already 100% bond fund, AND if one is in a high tax bracket, look into tax-exempt muni bond funds for one's tax...
by livesoft
Tue Aug 03, 2021 3:23 pm
Forum: Personal Investments
Topic: Available funds?
Replies: 6
Views: 341

Re: Available funds?

anglophile wrote: Tue Aug 03, 2021 3:12 pmI may have to do that, because otherwise I will never finish my post! As I said below, there are dozens of choices of funds available to me on the CREF site.
Well, maybe you can only list [a few of] the index funds with expense ratios below 0.25% for starters?
by livesoft
Tue Aug 03, 2021 2:39 pm
Forum: Personal Investments
Topic: Available funds?
Replies: 6
Views: 341

Re: Available funds?

I think there is a difference between "Available funds" meaning which choices of funds one can use and "Available to trade."

Just put what you know and perhaps you can edit later when you learn more.
by livesoft
Tue Aug 03, 2021 2:10 pm
Forum: Investing - Theory, News & General
Topic: How Much Cash or Cash Equivalents Do You Keep Around?
Replies: 99
Views: 9036

Re: How Much Cash or Cash Equivalents Do You Keep Around?

Just an update to my earlier post in this thread. I sold some equity ETF shares at a loss in my taxable account in order raise cash to pay a credit card bill. The shares were purchased in late June with quarterly dividends paid by other things in my taxable account. Many folks would not have investe...
by livesoft
Tue Aug 03, 2021 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Deceased relative assets managed by Ameriprise
Replies: 11
Views: 724

Re: Deceased relative assets managed by Ameriprise

Many custodians will only do the beneficiary payouts/transfers to new accounts with them. Then you move them to your custodian of choice by paying a non-small account transfer and closure fee. Yes, it's a racket, but there is generally no way to avoid it. Please make sure your new accounts at Amerip...
by livesoft
Tue Aug 03, 2021 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Marginal Tax Rates due to Phase-out of Tax Credits?
Replies: 2
Views: 173

Re: Marginal Tax Rates due to Phase-out of Tax Credits?

The only true resource is Tax-Prep Software or the like.

See, for example, this thread: viewtopic.php?t=295815 where tax-prep software was used, but
https://www.bogleheads.org/wiki/Tools_a ... ce_toolbox was used.
by livesoft
Tue Aug 03, 2021 12:49 pm
Forum: Investing - Theory, News & General
Topic: MarketWatch article about FIRE, 4% SWR and 30+ yr retirement
Replies: 48
Views: 3150

Re: MarketWatch article about FIRE, 4% SWR and 30+ yr retirement

Early Retirement Now has explored all this in great detail, so I think it is not a bad thing that others are finding not dissimilar results. https://earlyretirementnow.com/safe-withdrawal-rate-series/ Of course, Vanguard has a vested interest in having investors save and invest even more money with ...
by livesoft
Tue Aug 03, 2021 12:06 pm
Forum: Personal Investments
Topic: Question about putting high proportion of income into 401k
Replies: 20
Views: 1326

Re: Question about putting high proportion of income into 401k

Thanks everyone -1) Breaking the payroll system - since if I went ahead with 90% then my remaining gross income would be $176. But there is no employer deductions for health insurance etc. would just be payroll taxes/income/medicare taxes, so maybe it wouldn't matter since those are just percentage...
by livesoft
Tue Aug 03, 2021 11:35 am
Forum: Personal Investments
Topic: Your opinions: VTI or VOO?
Replies: 18
Views: 1539

Re: Your opinions: VTI or VOO?

VTI. I think the non-S&P500 stocks in it are important to have, plus one probably doesn't have to worry about the S&P500 index being reconstituted and creating a taxable event.
by livesoft
Tue Aug 03, 2021 10:38 am
Forum: Investing - Theory, News & General
Topic: Why Even The Most Elite Investors Do Dumb Things When Investing--NPR
Replies: 20
Views: 3043

Re: Why Even The Most Elite Investors Do Dumb Things When Investing--NPR

I was struck by this: And they decided to compare them to the simplest alternative investment strategy they could think of, "which is almost literally throwing a dart at a list of the names that exist in their portfolio and buying or selling that instead of the company that the investor actuall...
by livesoft
Tue Aug 03, 2021 9:17 am
Forum: Personal Investments
Topic: Question about putting high proportion of income into 401k
Replies: 20
Views: 1326

Re: Question about putting high proportion of income into 401k

Yes, it would make sense. As for Roth 401(k) vs Traditional 401(k), you will want to prepare a "What if?" tax return I would think. In the end you will probably want to use the Traditional 401(k) contribution to reduce your tax bracket so that you do not pay any income taxes on your realiz...
by livesoft
Tue Aug 03, 2021 9:01 am
Forum: Personal Investments
Topic: New Accounts Set Up
Replies: 6
Views: 428

Re: New Accounts Set Up to avoid Wash-Sale Rule

I avoid wash sales simply: I just look when I have purchased shares and when I am going to purchase shares. Simple.

I believe that many people who go to great complicated lengths to avoid wash sales just really do not understand wash sales.
by livesoft
Tue Aug 03, 2021 8:56 am
Forum: Personal Consumer Issues
Topic: What FootWear Has The Softest Souls In The Heel Area?
Replies: 34
Views: 1757

Re: What FootWear Has The Softest Souls In The Heel Area?

Maybe raise and strengthen the rest of your foot and not use your heels at all?
by livesoft
Tue Aug 03, 2021 8:17 am
Forum: Personal Investments
Topic: Does becoming a Vanguard Select Client offer me anything?
Replies: 4
Views: 835

Re: Does becoming a Vanguard Select Client offer me anything?

I don't think there is any significant difference in service between Voyager Select and Flagship Select.
by livesoft
Mon Aug 02, 2021 7:26 pm
Forum: Personal Investments
Topic: What benefit does reaching Flagship status give me?
Replies: 67
Views: 5581

Re: What benefit does reaching Flagship status give me?

Don't forget the criteria is not simply $1M at Vanguard. It is at least $1M of Vanguard products at Vanguard.
by livesoft
Mon Aug 02, 2021 7:18 pm
Forum: Personal Consumer Issues
Topic: How to find a GP who aligns with my philosophy/needs?
Replies: 26
Views: 2567

Re: How to find a GP who aligns with my philosophy/needs?

One could just be in a location where such a GP does not exist within a reasonable distance. Telemedicine perhaps? Do you have any friends or acquaintances who match up to your philosophy / needs? Perhaps they have found somebody they like? I have asked relatively complete strangers for physician re...
by livesoft
Mon Aug 02, 2021 5:53 pm
Forum: Personal Investments
Topic: Need help with portfolio balancing.
Replies: 5
Views: 582

Re: Need help with portfolio balancing.

Welcome to the forum. It is difficult to look at your list of numbers and do math with them. That is why the usual requested form requests percentages. Have you see the description? -> https://www.bogleheads.org/wiki/Asking_ ... _questions
by livesoft
Mon Aug 02, 2021 5:34 pm
Forum: Personal Investments
Topic: Tax planning re: investments
Replies: 6
Views: 634

Re: Tax planning re: investments

I do not believe it would be wise to sell to incur LTCG for no reason. After all, there is a good chance that one of you will die and the step-up basis can be applied to something. Or you can donate to charity to get a tax deduction in the year you might need to realize some capital gains. Or you ca...
by livesoft
Mon Aug 02, 2021 5:29 pm
Forum: Personal Consumer Issues
Topic: How Do You Tell Who Is Winning The Olympics
Replies: 9
Views: 783

Re: How Do You Tell Who Is Winning The Olympics

I find it sad that one cares about which country has the most medals. I would rather celebrate the performances of the athletes no matter what their citizenship is.
by livesoft
Mon Aug 02, 2021 5:10 pm
Forum: Personal Investments
Topic: Purchase of ETF in Rollover IRA
Replies: 2
Views: 230

Re: Purchase of ETF in Rollover IRA

It really doesn't matter what you do as Fidelity will probably call you up if you place a $1 million single order. OTOH, if you want to play around and try all kinds of different orders to see which order types that you like, then this would not be a bad time to try out some in order to teach yourse...
by livesoft
Mon Aug 02, 2021 5:05 pm
Forum: Personal Investments
Topic: What benefit does reaching Flagship status give me?
Replies: 67
Views: 5581

Re: What benefit does reaching Flagship status give me?

Short answer: No added useful benefits.

But long answer is this question is not uncommon:
https://www.google.com/search?q=flagshi ... eheads.org
by livesoft
Mon Aug 02, 2021 4:27 pm
Forum: Personal Investments
Topic: How to rebalance
Replies: 2
Views: 323

Re: How to rebalance

Given your criteria, selling equities in your Roth is the only way to go unless you have a ton of money to contribute to your 401(k) or you want to donate a ton of your taxable account to charity and get a tax deduction, too.
by livesoft
Mon Aug 02, 2021 7:52 am
Forum: Personal Consumer Issues
Topic: Grand Canyon
Replies: 27
Views: 2240

Re: Grand Canyon

Any of the lodges in the park at the South Rim will be fine. They are all pretty much the same. That is, if you can book a room. But you already noted that you are staying at Yavapai, so why the question
by livesoft
Mon Aug 02, 2021 7:40 am
Forum: Personal Consumer Issues
Topic: Grand Canyon
Replies: 27
Views: 2240

Re: Grand Canyon

I've seen lots of people riding mules down or hiking down to spend the night at Phantom Ranch, then riding mules back up the next morning. So far, from the South Rim I have only walked down to the river and up to the North Rim and back which is over 42 miles round trip or about 50 miles if you add i...
by livesoft
Sun Aug 01, 2021 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: Share net worth details with kids when filing FAFSA or CSS?
Replies: 8
Views: 1038

Re: Share net worth details with kids when filing FAFSA or CSS?

Yes. There was nothing on the FAFSA that my children could not figure out by seeing where and how we lived. Perhaps it helped that all their friends appeared to be wealthier, but I don't know. And as far as their friends and our family go, they can all figure out a range of our net worth pretty easi...
by livesoft
Sun Aug 01, 2021 6:48 pm
Forum: Investing - Theory, News & General
Topic: How to invest only in a taxable account?
Replies: 65
Views: 5249

Re: How to invest only in a taxable account?

We haven't had any net realized capital gains in our taxable accounts in quite a while, say 10 years or more. That sounds like it requires some careful planning. Does it involve intentional losses somehow? I'm having a hard time seeing how to do it with a simple total stock + total bond. It require...
by livesoft
Sun Aug 01, 2021 6:32 pm
Forum: Investing - Theory, News & General
Topic: Social security estimation accuracy
Replies: 16
Views: 1600

Re: Social security estimation accuracy

Frankly, I haven't worried about it because I doubt the numbers will be off by more than a few restaurant lunches per month.

What kind of differences are you seeing? Thousands of dollars a month? Hundreds? Less than a hundred? Less than $50?
by livesoft
Sun Aug 01, 2021 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Sell the model 3?
Replies: 9
Views: 1323

Re: Sell the model 3?

If you have a low-interest rate mortgage, then paying it off now loses the future optionality later when CD interest rates and/or bond yields might be 5%.
by livesoft
Sun Aug 01, 2021 6:07 pm
Forum: Investing - Theory, News & General
Topic: How to invest only in a taxable account?
Replies: 65
Views: 5249

Re: How to invest only in a taxable account?

Tax-loss harvesting helps to offset realized capital gains, but in the meantime, unrealized capital gains are not taxed. https://www.bogleheads.org/wiki/Tax_loss_harvesting We haven't had any net realized capital gains in our taxable accounts in quite a while, say 10 years or more. And bond yields a...
by livesoft
Sun Aug 01, 2021 5:09 pm
Forum: Personal Investments
Topic: Partial back door Roth
Replies: 4
Views: 427

Re: Partial back door Roth

Do you have any Traditional IRA or SEP IRA or SIMPLE IRA or Rollover IRA at any custodian anywhere? If you do, you would be subject to pro rata rule. I laughed when I read that because one is subject to the pro rata rule whether one has "any Traditional IRA or SEP IRA or SIMPLE IRA or Rollover...
by livesoft
Sun Aug 01, 2021 2:13 pm
Forum: Personal Consumer Issues
Topic: Home Depot appliance installation
Replies: 23
Views: 1532

Re: Home Depot appliance installation

Ancient microwaves that bit the dust rarely (as in never) are the same size (width, height, depth) as new ones. While I was away my family's microwave died and they just bought a countertop one that in no way resembled the size of the built-in one. When I looked, there is no microwave made anymore t...
by livesoft
Sun Aug 01, 2021 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: What is the best on-line tax software?
Replies: 13
Views: 1387

Re: What is the best on-line tax software?

What words would you use when; 1 dollar of earned income from a part time job also makes 85 cents of your Social Security taxable income; then you pay 12% Federal Tax on the $1.85, 22.2 cents; which also converts $1.85 of your tax free LTCGs in taxable LTCGs at a 15% tax rate, 27.75 cents; the tota...
by livesoft
Sun Aug 01, 2021 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Calling all doctors, kid wants to be a doctor!?
Replies: 49
Views: 5631

Re: Calling all doctors, kid wants to be a doctor!?

The two physicians in my family earned undergraduate degrees from UVA. That's an anecdote.

I'd leave it up to your child to find out all the answers to your questions and just wouldn't worry about it at all myself.
by livesoft
Sun Aug 01, 2021 12:02 pm
Forum: Personal Investments
Topic: Why are these two index funds rated differently
Replies: 12
Views: 1206

Re: Why are these two index funds rated differently

.... Over the past 10 year period, $10,000 growth S&P 500 Index Total Return: $41,688.89 VIIIX : $41,665.77 , a -0.01% difference from the index return , which is less than the current ER would imply SWPPX : $41,427.53 , a -0.06% difference from the index return , which is more than the current...
by livesoft
Sun Aug 01, 2021 10:15 am
Forum: Investing - Theory, News & General
Topic: Fidelity Total Market in taxable - FZROX (ZERO) vs. FSKAX (Total Market) SmackDown
Replies: 77
Views: 5670

Re: Fidelity Total Market in taxable - FZROX (ZERO) vs. FSKAX (Total Market) SmackDown

I thought the conclusion would be that you would invest the same amount in each of FZROX, FSKAX, and a 3rd fund such as VTI. You would just spend any leftover dollar or penny. Also you would withdraw the money for taxes from each of the funds, for a true after-tax result. Then you would keep track i...
by livesoft
Sun Aug 01, 2021 9:55 am
Forum: Personal Finance (Not Investing)
Topic: What is the best on-line tax software?
Replies: 13
Views: 1387

Re: What is the best on-line tax software?

Interesting choice of words. My income is not double-taxed nor triple-taxed nor quadruple-taxed. I usually get the desktop version of HRBlock Tax Prep software when it goes on sale around Thanksgiving and use that to estimate income taxes. Its about $20. Before that date, I use the previous version ...
by livesoft
Sun Aug 01, 2021 8:22 am
Forum: Personal Investments
Topic: Hold Cash or Convert to Bonds in Taxable
Replies: 7
Views: 830

Re: Hold Cash or Convert to Bonds in Taxable

Option 3 is my recommendation and what we actually do. Never had a problem doing this:
https://www.bogleheads.org/wiki/Placing ... ed_account
by livesoft
Sun Aug 01, 2021 7:29 am
Forum: Personal Investments
Topic: Set up ROTH's for adult kids without them knowing
Replies: 45
Views: 3140

Re: Set up ROTH's for adult kids without them knowing

Maybe the adult children already have their own Roth IRAs but didn't tell their dad about them? But the OP can do anything they want to with their own Roth IRA including dividing it into 3 separate Roth IRAs with 3 separate beneficiaries. I think it would just be better to have one Roth IRA and put ...
by livesoft
Sun Aug 01, 2021 7:27 am
Forum: Personal Investments
Topic: Do I understand backdoor Roth?
Replies: 10
Views: 816

Re: Do I understand backdoor Roth?

You can always convert some of your traditional IRAs to a Roth IRA and pay the income taxes. The IRS considers that you have one single tradtional IRA. That is, your so-called rollover IRA and what you are calling your traditional IRA are really ONE.SINGLE.TRADITIONAL IRA as far as the IRS and your ...
by livesoft
Sun Aug 01, 2021 6:36 am
Forum: Investing - Theory, News & General
Topic: what is the purpose of bonds as investment? They suck, no?
Replies: 72
Views: 7433

Re: what is the purpose of bonds as investment? They suck, no?

Bonds help one from losing a million dollars in stocks -- at least until one can afford to lose a million dollars in stocks.
by livesoft
Sun Aug 01, 2021 5:29 am
Forum: Personal Investments
Topic: I would appreciate any comments on my asset allocation and fund selection
Replies: 7
Views: 882

Re: I would appreciate any comments on my asset allocation and fund selection

Your listed portfolio is well within the typical set of portfolios presented on the forum and not dissimilar to my own portfolio There is nothing special about it and will be fine. However, since your mention books: It seems you have read some older books where Ferri, Bernstein, et al. recommended s...
by livesoft
Sat Jul 31, 2021 5:35 pm
Forum: Personal Investments
Topic: Nearly all fixed income in cash: Wrong decision?
Replies: 64
Views: 6166

Re: Nearly all fixed income in cash: Wrong decision?

Vanguard Total US Bond Market Index fund VBTLX is actually UP UP UP +3.2% since March 18, 2021. I think one can time the bond market somewhat in that when a bond fund like VBTLX drops around 4%, one should rebalance into it. There are of course no guarantees, but I think all fixed income in cash is ...
by livesoft
Sat Jul 31, 2021 2:47 pm
Forum: Personal Investments
Topic: Moving accounts with VSMGX to Fidelity/Schwab
Replies: 10
Views: 522

Re: Moving accounts with VSMGX to Fidelity/Schwab

I haven't seen anywhere that reinvestment of mutual fund distributions creates an extra fee or commission. Why not check that out for yourself?
by livesoft
Sat Jul 31, 2021 1:54 pm
Forum: Personal Investments
Topic: Newbie wants to cut ties from Advisors????
Replies: 11
Views: 1551

Re: Newbie wants to cut ties from Advisors????

I see really no point in transferring from a Fidelity tax-managed account to a Wealthfront tax-managed account. I would imagine the tax costs to do so would overwhelm any possible (unlikely) advantage to do that and would switch ties to another advisor and not cut ties. May I ask about the Fidelity ...