Search found 10619 matches

by David Jay
Sat May 08, 2021 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Quit Claim Deed
Replies: 4
Views: 152

Re: Quit Claim Deed

Much of marital property law is state specific. In which state do you reside?
by David Jay
Sat May 08, 2021 11:50 am
Forum: Personal Investments
Topic: Form 8606- Amended return or Form only?
Replies: 2
Views: 178

Re: Form 8606- Amended return or Form only?

Form 8606 can be filed separately, no need to amend.

Form 8686 can even be filed separately for a number of past years, if necessary.
by David Jay
Fri May 07, 2021 10:32 pm
Forum: Investing - Theory, News & General
Topic: When will asset prices come down?
Replies: 54
Views: 3181

Re: When will asset prices come down?

Snuffycuts99 wrote: Fri May 07, 2021 7:26 pmThe only question remains...shall it be a Rolex Pearlmaster or a '53 Corvette?
“or” ???

Embrace the healing power of “and” :happy
by David Jay
Fri May 07, 2021 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Liquidate investments for down payment while being tax efficient
Replies: 3
Views: 270

Re: Liquidate investments for down payment while being tax efficient

A few thoughts: 1. The most tax efficient sales would be sales of stock holdings with no gains , or at least minimal gains. Do you have any recent RSUs with very little gain? 2. The next most efficient sales would be sales of stock holdings with long-term gains, as they are taxed at a lower rate tha...
by David Jay
Fri May 07, 2021 3:41 pm
Forum: Personal Investments
Topic: Seeking Alt Dealflow - RIA in MidAtl or Southeast
Replies: 4
Views: 378

Re: Seeking Alt Dealflow - RIA in MidAtl or Southeast

I just wanted to reply so you would not feel that you were being ignored. I see that well over 100 people have viewed your post, so there are people here who are willing to help. I think there are two limiting factors for getting a lot of feedback to your inquiry here on Bogleheads. One or the other...
by David Jay
Fri May 07, 2021 11:41 am
Forum: Investing - Theory, News & General
Topic: Confused about dividend investing, market downturns and early retirement
Replies: 60
Views: 3401

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

Non-dividend paying stock isn't really all that different from Bitcoin or Pokemon Cards. It relies on the Greater Fool theory. No matter how many times in how many different threads you say exactly the same thing, it is still a false assertion. A company with real earnings and/or physical assets ha...
by David Jay
Fri May 07, 2021 10:30 am
Forum: Investing - Theory, News & General
Topic: Please review small value tilt portfolio
Replies: 20
Views: 1164

Re: Please review small value tilt portfolio

How much value tilt is optimal??? And that, detective, is the right question. (movie reference) Several analyses have suggested that the "small" factor has disappeared, beginning shortly after it was first described. Value has underperformed over the last dozen years. Will value come back...
by David Jay
Fri May 07, 2021 10:12 am
Forum: Investing - Theory, News & General
Topic: Why the disdain for managed funds like ARKK that destroy total market funds?
Replies: 890
Views: 74890

Re: Why the disdain for managed funds like ARKK that destroy total market funds?

SlowMovingInvestor wrote: Fri May 07, 2021 8:29 am
David Jay wrote: Fri May 07, 2021 8:14 am
SlowMovingInvestor wrote: Fri May 07, 2021 7:22 am Portfolio: 50% DOGE, 10% SPACs, 10% Frozen OJ futures, 10% MOON ETF, 10% NFTs , 5% FOMO ETF, 5% New Jersey Delis with $100M market cap :)
What, no GME? That thread is over 4500 posts long...
Too conservative :happy
Yup, that makes perfect sense...
by David Jay
Fri May 07, 2021 10:09 am
Forum: Personal Investments
Topic: How much do you trust FIRECalc?
Replies: 17
Views: 2030

Re: How much do you trust FIRECalc?

If it projects that you have, say, $3.2M at age 55, it would be reasonable to withdraw 3.5% or about $110,000 a year. Do keep in mind that the spending power of $110,000 will be considerably less in 2032 than in 2021, but still likely well more than your $56K minimum living expense. ...and you still...
by David Jay
Fri May 07, 2021 8:14 am
Forum: Investing - Theory, News & General
Topic: Why the disdain for managed funds like ARKK that destroy total market funds?
Replies: 890
Views: 74890

Re: Why the disdain for managed funds like ARKK that destroy total market funds?

SlowMovingInvestor wrote: Fri May 07, 2021 7:22 am Portfolio: 50% DOGE, 10% SPACs, 10% Frozen OJ futures, 10% MOON ETF, 10% NFTs , 5% FOMO ETF, 5% New Jersey Delis with $100M market cap :)
What, no GME? That thread is over 4500 posts long...
by David Jay
Thu May 06, 2021 1:31 pm
Forum: Investing - Theory, News & General
Topic: [Question About Fund Tickers]
Replies: 7
Views: 426

Re: Dum Question

The fund or ETF provider can choose the name. It must be unique, they can’t choose a name of any other stock or fund (i.e. you can’t name your ETF XOM - Exxon Mobil Corp.)
by David Jay
Thu May 06, 2021 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Question on Backdoor Roth IRA
Replies: 8
Views: 574

Re: Question on Backdoor Roth IRA

.I would make the 2020 non-deductible TIRA contribution into a separate, new TIRA by 5/17. Then I would get to work transferring the Rollover IRA to the 401k (or you can go ahead and do that today). Once the Rollover IRA is in the 401k, then I would convert the new TIRA to Roth IRA. There is a slig...
by David Jay
Thu May 06, 2021 1:13 pm
Forum: Non-US Investing
Topic: Should I add small-cap ETF?
Replies: 5
Views: 470

Re: Should I add small-cap ETF?

In my opinion, your Vanguard FTSE All World UCITS ETF (VWRA) is the only stock fund you need. It is fully diversified across world equity markets. Any "tilt" (shifting away from market capitalization) introduces behavioral challenges. If small cap underperforms for 10 or 15 years, will you...
by David Jay
Thu May 06, 2021 1:06 pm
Forum: Personal Investments
Topic: Rollover and Roth Conversion
Replies: 8
Views: 649

Re: Rollover and Roth Conversion

The other side is that this is a lot of work to save taxes on $1200. In, say, the 24% tax bracket, that is only $288.

Doing a 401K reverse rollover only makes sense (from an effort standpoint) if you intend to do "backdoor Roth" contributions in future years.
by David Jay
Thu May 06, 2021 1:02 pm
Forum: Personal Investments
Topic: Trying To Understand the Utility of Roth Conversion
Replies: 36
Views: 3522

Re: Trying To Understand the Utility of Roth Conversion

The real issue is the tax rate for the surviving spouse in later years as the RMD percentage increases. Imagine at age 90 having an RMD of, say, $120,000 as a single filer. That puts one in the 28% tax bracket (after 2026 tax rate reversion). I agree with the necessity of observing ACA and IRMAA lim...
by David Jay
Thu May 06, 2021 12:32 pm
Forum: Personal Investments
Topic: Rollover and Roth Conversion
Replies: 8
Views: 649

Re: Rollover and Roth Conversion

In my opinion, you should use process #1 because you are assured of completing the 401K before you perform the conversion (and assure no tax consequence). With #2 there are possible unknowns that may create a tax liability. For instance, with #2, if you were fired the day you perform the conversion ...
by David Jay
Thu May 06, 2021 9:07 am
Forum: Investing - Theory, News & General
Topic: Tradestation denies account
Replies: 3
Views: 390

Re: Tradestation denies account

Welcome to the forum! You may find someone here who has an account with Tradestation, but there will not be many Bogleheads with Tradestation accounts. We are primarily a buy-and-hold community using broad-based index mutual funds/ETFs as core holdings and focused on lifetime portfolios. Here is a l...
by David Jay
Wed May 05, 2021 10:15 pm
Forum: Personal Investments
Topic: Fidelity says I am in good shape with a 5% withdrawal. Living to 85 starting at 55. What do you think?
Replies: 60
Views: 8385

Re: Fidelity says I am in good shape with a 5% withdrawal. Living to 85 starting at 55. What do you think?

59Gibson wrote: Wed May 05, 2021 9:05 pmIf you're close to retirement you can simply put in your current expenses/yr., not income ...
Actually, you would need to put in your expenses times 1.25, the calculator assumes you can live on 80% of your current salary.

I am afraid that is what the OP may have done to get a 95% success rate.
by David Jay
Wed May 05, 2021 6:40 pm
Forum: Personal Investments
Topic: Fidelity says I am in good shape with a 5% withdrawal. Living to 85 starting at 55. What do you think?
Replies: 60
Views: 8385

Re: Fidelity says I am in good shape with a 5% withdrawal. Living to 85 starting at 55. What do you think?

Sorry, but that is a terribly simplistic calculator. It really only works for those who have not yet retired. For instance, it assumes that I will need 80% of my current income in retirement (I need 100% of my current retirement income in retirement), SS payment is based on my current income assumin...
by David Jay
Wed May 05, 2021 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Wait until 70 to claim SS. Is this always best?
Replies: 68
Views: 5037

Re: Wait until 70 to claim SS. Is this always best?

We are definitely following up to confirm what eligibility she may have from her working years. It's very close to the 40 credits requirement. Sounds like that could be a significant consideration if she is eligible. If she has 39 quarters, she may want to “help out” at some friend’s establishment ...
by David Jay
Wed May 05, 2021 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Wait until 70 to claim SS. Is this always best?
Replies: 68
Views: 5037

Re: Wait until 70 to claim SS. Is this always best?

We are definitely following up to confirm what eligibility she may have from her working years. It's very close to the 40 credits requirement. Sounds like that could be a significant consideration if she is eligible. If she has 39 quarters, she may want to “help out” at some friend’s establishment ...
by David Jay
Wed May 05, 2021 11:27 am
Forum: Personal Investments
Topic: Help for passive investment
Replies: 3
Views: 391

Re: Help for passive investment

Welcome to the forum! The Global Stock Index already includes approximately 15-20% small cap, so the above equity allocation represents an approximate 37-40% allocation to Small Cap. This is a severe tilt away from market capitalization. I suggest you do a site search for “small cap tilt”, a number ...
by David Jay
Wed May 05, 2021 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Retirement - Spenddown planning
Replies: 37
Views: 2649

Re: Retirement - Spenddown planning

For instance, the 4% SWR virtually assures that you will have more money at death than at retirement. I've always found the 4% SWR "rule" to be meaningless and dangerous in the absence of specifics about asset allocations. If somebody places 100% of their assets in fixed income at today's...
by David Jay
Wed May 05, 2021 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Wait until 70 to claim SS. Is this always best?
Replies: 68
Views: 5037

Re: Wait until 70 to claim SS. Is this always best?

bloom2708 wrote: Wed May 05, 2021 10:58 am Would not her .5x be increased by 50% of your .24x increase.
No, OP is correct. Spousal results in a total benefit 50% of PIA, not 50% of age 70 benefit.
by David Jay
Wed May 05, 2021 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Wait until 70 to claim SS. Is this always best?
Replies: 68
Views: 5037

Re: Wait until 70 to claim SS. Is this always best?

First, verify whether or not your spouse has 40 quarters of work experience. Because of the 90% bracket and wage inflation, if she qualifies for SS benefits they will be a useful sum. My wife had 41 quarters, many years were tiny because they were part time when she was in college, but her age 62 PI...
by David Jay
Wed May 05, 2021 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Retirement - Spenddown planning
Replies: 37
Views: 2649

Re: Retirement - Spenddown planning

I don't mean to discourage you, but the 300 pound gorilla in the room is that the future is unknown. For instance, the 4% SWR virtually assures that you will have more money at death than at retirement. Because the SWR uses the worst sequence of returns (1929 style) immediately after start of retire...
by David Jay
Tue May 04, 2021 5:34 pm
Forum: Personal Investments
Topic: Wash Sale Rule
Replies: 5
Views: 413

Re: Wash Sale Rule

Eastcoaster212 wrote: Tue May 04, 2021 5:18 pmI mean am i losing money or what? I just simply don't get it. :-(
Remember, wash sales are about taxes. Whether or not you can claim a specific loss on your 2021 taxes. It has nothing to do with whether or not you have made money on your trades.
by David Jay
Tue May 04, 2021 11:54 am
Forum: Personal Investments
Topic: Schwab vs. Vangard Question / Mortgage vs. Bond Question
Replies: 13
Views: 782

Re: Schwab vs. Vangard Question / Mortgage vs. Bond Question

There is at least one thread a weekend arguing about it. As a relative newcomer, let me share something I wrote to my spouse in my "after I am gone" letter. I recommended that she consult BH with investing questions and left her with this advice: " If the long-time members largely ag...
by David Jay
Tue May 04, 2021 11:45 am
Forum: Personal Investments
Topic: Schwab vs. Vangard Question / Mortgage vs. Bond Question
Replies: 13
Views: 782

Re: Schwab vs. Vangard Question / Mortgage vs. Bond Question

From my reading here I understand that expense ratio is an important consideration. It is an important consideration but not the only consideration. Tax-efficiency is also important. This does not matter in your Inherited IRA but in the taxable portion of the inheritance it makes a big difference. ...
by David Jay
Tue May 04, 2021 11:30 am
Forum: Personal Investments
Topic: Schwab vs. Vangard Question / Mortgage vs. Bond Question
Replies: 13
Views: 782

Re: Schwab vs. Vangard Question / Mortgage vs. Bond Question

BUT, I know most people go Vanguard, so I am curious what factors I am missing. Thanks I am not as confident as you that this is actually the case. In my experience at BH, the most widely recommended brokerages are, in alphabetical order: Fidelity, Schwab and Vanguard. All three are low-cost, fund ...
by David Jay
Tue May 04, 2021 10:54 am
Forum: Personal Investments
Topic: Question about Backdoor Roth conversion and existing tIRA
Replies: 14
Views: 837

Re: Question about Backdoor Roth conversion and existing tIRA

For some reason, I never thought about simply converting the whole thing so that future growth won't be taxed. That is a great idea. Would we have to talk to fidelity about a complete conversion? Or is that something she/I could do ourselves? I have never done a conversion at Fidelity but at Vangua...
by David Jay
Tue May 04, 2021 9:47 am
Forum: Personal Investments
Topic: Question about Backdoor Roth conversion and existing tIRA
Replies: 14
Views: 837

Re: Question about Backdoor Roth conversion and existing tIRA

For some reason, I never thought about simply converting the whole thing so that future growth won't be taxed. That is a great idea. Would we have to talk to fidelity about a complete conversion? Or is that something she/I could do ourselves? I have never done a conversion at Fidelity but at Vangua...
by David Jay
Tue May 04, 2021 8:58 am
Forum: Investing - Theory, News & General
Topic: Vanguard Target Date Fund + TIPS Fund
Replies: 5
Views: 695

Re: Vanguard Target Date Fund + TIPS Fund

Vanguard Target Date funds begin to add TIPS about 5 years before the fund “date”, so 5 years before projected retirement date. At the moment, TR 2025, TR 2020 and TR Income all hold some TIPS.
by David Jay
Mon May 03, 2021 6:32 pm
Forum: Investing - Theory, News & General
Topic: Basic Investing Principles: the Video
Replies: 11
Views: 686

Re: Basic Investing Principles: the Video

Astones wrote: Mon May 03, 2021 5:47 pm Or, in other words,

1. buy VTI
2. never sell it

:P
You are obviously in the "accumulation" stage of life... :wink:
by David Jay
Mon May 03, 2021 6:07 pm
Forum: Personal Investments
Topic: Question about Backdoor Roth conversion and existing tIRA
Replies: 14
Views: 837

Re: Question about Backdoor Roth conversion and existing tIRA

1) How does this work whereas she currently already has money in her Traditional IRA? Does this make things complicated? She will pay taxes on the pre-tax money in the tIRA on a pro-rated basis. There is a complete wiki on this topic here: https://www.bogleheads.org/wiki/Backdoor_Roth 2) Assuming t...
by David Jay
Mon May 03, 2021 4:20 pm
Forum: Investing - Theory, News & General
Topic: Basic Investing Principles: the Video
Replies: 11
Views: 686

Re: Basic Investing Principles: the Video

How about these: Bogleheads Philosophy: 1 Develop a workable plan 2 Invest early and often 3 Never bear too much or too little risk 4 Diversify 5 Never try to time the market 6 Use index funds when possible 7 Keep costs low 8 Minimize taxes 9 Invest with simplicity 10 Stay the course And at this wik...
by David Jay
Mon May 03, 2021 4:15 pm
Forum: Personal Investments
Topic: target retirement fund in a taxable account
Replies: 61
Views: 3721

Re: target retirement fund in a taxable account

+1 to retiredjg’s post. The decision whether to contribute to Roth v. Traditional starts with evaluating your marginal tax rate now at contribution vs. your rate at withdrawal in retirement. If your rate is higher now, then Traditional makes sense. If lower now, then Roth makes sense. Consider maki...
by David Jay
Mon May 03, 2021 2:50 pm
Forum: Personal Investments
Topic: target retirement fund in a taxable account
Replies: 61
Views: 3721

Re: target retirement fund in a taxable account

retiredjg wrote: Mon May 03, 2021 2:14 pmYou are very likely now at the lowest tax rate you will ever be. It is good to get money into Roth IRA while rates are low and then use it (tax free) when rates are higher.
+1
by David Jay
Mon May 03, 2021 12:27 pm
Forum: Investing - Theory, News & General
Topic: Time to lighten up on growth?
Replies: 9
Views: 863

Re: Time to lighten up on growth?

What does your IPS say? I presume your IPS includes a rebalancing plan to move assets out of classes that have overperformed and reposition them in classes that have underperformed on a scheduled basis.
by David Jay
Mon May 03, 2021 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Sending money to mentally unstable relative without revealing my home address
Replies: 39
Views: 3457

Re: Sending money to mentally unstable relative without revealing my home address

tashnewbie wrote: Mon May 03, 2021 12:18 pm Open a PO Box and send a money order or certified check???
I like this idea - it let's you have a return address and you can send it certified mail to confirm delivery.
by David Jay
Mon May 03, 2021 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Sending money to mentally unstable relative without revealing my home address
Replies: 39
Views: 3457

Re: Sending money to mentally unstable relative without revealing my home address

I believe that you can have your bank/credit union create a cashier's check (that is a check from the bank to your relative, not from you). Then put it in an envelope with no return address. You do have a small risk that the postal service loses the envelope, but this is a relatively small risk and ...
by David Jay
Mon May 03, 2021 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: SS Spousal Benefit & COLA Question
Replies: 11
Views: 985

Re: SS Spousal Benefit & COLA Question

My wife started her own SS benefit when she reached FRA at 66. I am currently delaying my SS benefit until I turn 70. When I apply for my benefit, my wife will then apply for Spousal Benefit (her FRA benefit is/was less than 50% of my PIA.). My question is: When she starts to draw the Spousal Benef...
by David Jay
Mon May 03, 2021 11:59 am
Forum: Personal Finance (Not Investing)
Topic: SS Spousal Benefit & COLA Question
Replies: 11
Views: 985

Re: SS Spousal Benefit & COLA Question

David, Thanks for the info. I think I get it and just to confirm. My wife reached FRA of 66 in Dec 2017 at which time she started to draw her SS benefit. 8 months later (Aug 2018), I turned 66 (FRA) and started a Spousal benefit based on her benefit, thus delaying my benefit. I will turn 70 in Aug ...
by David Jay
Mon May 03, 2021 11:42 am
Forum: Personal Finance (Not Investing)
Topic: SS Spousal Benefit & COLA Question
Replies: 11
Views: 985

Re: SS Spousal Benefit & COLA Question

Not meaning to nitpick, but unless I'm mistaken, PIA refers to Primary Insurance Amount which is the amount the claimant would receive at their full retirement age, adjusted every year for COLA if there is one. Your definition sounds like a PIA is established for age 62, 63 and so on. Everything is...
by David Jay
Mon May 03, 2021 9:51 am
Forum: Personal Investments
Topic: target retirement fund in a taxable account
Replies: 61
Views: 3721

Re: target retirement fund in a taxable account

Maybe you want to put this in Roth IRAs instead of a taxable account, too? At your income level you definitely qualify for Roth accounts. I would put $12,000 ($6000 each) into a pair of Roth accounts for 2020 before May 17 (special deal this year only) and then put $12,000 into the Roths for 2021. ...
by David Jay
Mon May 03, 2021 9:47 am
Forum: Personal Investments
Topic: target retirement fund in a taxable account
Replies: 61
Views: 3721

Re: target retirement fund in a taxable account

The only thing wrong is that TDF are not very tax efficient. If you’re leaving it there 10-20 years I would just use VYSAX or VTI. Those are better in a taxable account. I was considering ETF's because they are more tax efficient, and was also considering the digital advisor, but I keep reading tha...
by David Jay
Mon May 03, 2021 9:35 am
Forum: Personal Investments
Topic: GMNA going forward
Replies: 4
Views: 699

Re: GMNA going forward

Don’t be lured by better numbers in those other funds. Their yields are dropping as well as the higher yield bonds in those funds are maturing and being replaced by new - and lower yielding - bonds. We are all in the same boat. There is no yield right now. Don’t chase that rabbit. [edit: I am not sa...
by David Jay
Mon May 03, 2021 9:22 am
Forum: Personal Finance (Not Investing)
Topic: SS Spousal Benefit & COLA Question
Replies: 11
Views: 985

Re: SS Spousal Benefit & COLA Question

One funky thing (to me, at least..) is that “PIA” is adjusted every year by the amount of the annual COLA. So your 2021 PIA is 1.3% higher than your 2020 PIA. Rather than adding a COLA to your age 62 PIA, the Social Security Administration incorporates it right into your number. Your wife’s personal...
by David Jay
Mon May 03, 2021 9:06 am
Forum: Personal Finance (Not Investing)
Topic: SS Spousal Benefit & COLA Question
Replies: 11
Views: 985

Re: SS Spousal Benefit & COLA Question

All These benefits are COLA adjusted based on age 62 of the person whose benefit is being used for the calculation . If you are the same age, it doesn’t matter, the COLA is the same. But if there is an age difference then the starting “top-off” amount of the spousal will be based on your COLA, not h...
by David Jay
Mon May 03, 2021 9:01 am
Forum: Personal Finance (Not Investing)
Topic: Selling investment property - how much to fix up beforehand?
Replies: 5
Views: 625

Re: Selling investment property - how much to fix up beforehand?

Breezy wrote: Mon May 03, 2021 8:40 amI've been trying to convince my spouse to sell for a while & it seems he's open to it, so I'd like to move fast before he changes his mind.
This.

List it now, the market is hot.