Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Yes. Roth IRAs have RMDs if they're inherited.
Thus the handling of my RMD may not be representative (though I suspect it is). My IRA divisor needs to be looked up only once, while for traditional IRA RMDs, a table has to be consulted each yea…
This is a company that rarely misses an opportunity to kick people when they're down. For example, not only did it fail to help people of its own volition after 2008 with their mortgages, it denied refinancing that should have been granted under th…
I can't say what is typical, but after reading your post, I looked to see that Fidelity has already calculated the 2019 RMD for my Roth IRA.
My next step is to check Fidelity's figure. It did make a mistake in a prior year (they put down 4x the co…
It's confusing because there are two different questions that are answered by age, but the ways they use age are different:
Q: When must you begin RMDs?
A: in the year you turn 70.5, sort of - you've got until April 1 of the following year to act…
Okay, now I see the disclaimer.
All it is saying is that if you want to exit the year with the same number of dollars you entered it, after subtracting out the RMD, you need a certain growth rate. It is calculating that rate on the assumption tha…
Technically, that's not quite correct for employer-sponsored plans. Something I didn't discover until recently. It's the sponsor's responsibility, not yours, to compute a valuation number. While the sponsor should do that near the end of the y…
For someone supposedly so concerned about the fate of the steel industry, you'd think he would have heard of Youngstown steel. Or at least his "handlers" would have. Yeah, sure.
"Truman rested his seizure order on legally vague national-emergenc…
It depends on the methodology of the index in question.
For example, S&P has pure style indexes. "There are no overlapping stocks, and stocks are weighted in proportion to their relative style propensity" (not pure cap weighted).
On the other…
There are many variants of "eat your own cooking" and many rationales given for it. The suggestion appeared in a paragraph beginning: "Stopping the bleeding is a more difficult question. Have your investors lost faith in you? "
Barn doors and hor…
The key word is "settled" - not made, not promised, but settled. There had been a deal made with Iran, a deal made on global warming, a bipartisan deal with the Senate to fund the government, a deal with the American people to bill Mexico for the …
Admittedly an opinion piece, but food for thought: "When the Bubble Bursts, Consider the Anti-Bubble"
https://www.nytimes.com/2018/12/29/opinion/tech-bubble-bursting-stock-market.html
There are nations and industries in sound economic shape that are…
I disagree with your interpretation of the quoted statement (quoted from where?)
It suggests that employees should invest only in "funds managed by the firm", not just funds they manage, and not just managers but all employees.
Regarding employees…
Is this Bill Gross's fund ?!?!?!
Yes and no. If the question is whether Gross manages this fund, Shadow's yes is the answer.
If the question is whether this is the billion dollar fund that garnered all the PR, the answer is no. This fund is a te…
I purchased a rebate item from Staples ages ago (possibly a ream of paper a year ago). Three weeks ago, USPS Informed Delivery shows me an image of a letter in transit from Staples marked "Abandoned Property Rebates".
After waiting so long for th…
Is there a way to tell a daily accrual fund from one that is not by looking at the fund's price history on Yahoo?
Also, from Yahoo or M* is there a way to tell the next distribution date for STATX
The prospectus reads: FUND DISTRIBUTIONS
Th…
On a side note, SS just sent us letters raising our IRMAA Part B and D to $270 next year.That's quite a surcharge. Congratulations! Well played, sir.
(Meant as a compliment.)
There's pushing the envelope and there's playing well within the lines. Not completing one's first RMD until April 1 of the year after which one turns 70½ is the latter.
One might as well suggest that contributing to a 2018 IRA in March 2019 is a …
QCD = Quantum ChromoDynamics. Wait, this isn't a physics forum?
The only Qualified Charitable Deductions I ever handled were when I helped my mother with hers.
As far as IRMAA goes, I never met anyone named Irma(a). Nor, with good tax planning,…
While I appreciate the thought, I'm not infallible (as @Junkster well knows) and I prefer the adage: teach someone to fish ...
With that in mind, IMHO the best source is the documentation (RTFM), not some person, even the manager who may not be res…
I'm not quite clear on what you're asking. I've got the part where you have to take your first RMD by April 1 (note 1, not 15) of next year, and you've taken half so far (in the form of QCDs).
It sounds like you want to use the other half for inc…
Are you sure? When I tried asking it to trade STATX, I got: "The symbol you entered is not a mutual fund symbol. Please verify the symbol."
The Schwab page for STATX has '-' next to "Availability", and next to minimum initial investment for "Basi…
Difficult to find the application forms (or even current prospectuses) online, but I came up with some things that may do. Though it's probably better to contact the fund directly for the forms.
Curious too that the prospectus says explicitly that…
Another thing I have noticed are those who have pensions in retirement see things through an entirely different lens than those of us without a pension.You're probably right, but it's something that seems so illogical.
These days, many pensions of…
Acting Secretary of Defense, like Whitaker is acting Attorney General. Well, not exactly. Whitaker was never confirmed for any role by the Senate.
Apropos to your subject line: John McCain Once Suggested Trump’s New Secretary of Defense Patrick…
Government shutdown would halt many IRS operations (Journal of Accountancy)
But have no fears ... ongoing IRS activities will include "continuing to complete and test upcoming filing year programs; processing electronic returns, up to the point of …
"Audio from Nixon White House recording system." (Note at start of 2nd video.) I suppose we should be grateful that Rose Mary Woods wasn't involved with the post editing.
I've never been fond of Cash, but if one is going to post videos, IMHO thi…
Commercial banks only fit the category [of institutional investors] when they buy treasuries or other IG bonds for their balance sheet.
So you too are disagreeing with the cited page. It says that "institutional investors ... buy and sell securitie…
Weird headline. I don't know about you, but when I hear T shares I think about Janus, e.g. JSCVX ($2.9B), JATTX ($11B), etc.
With only $145M total AUM in those newfangled "transaction" class shares (per article), I'd completely forgotten abou…
IBM's pension plan is relatively well funded. In the 90s and 00s its move to a cash balance plan cut its liabilities in a major way, but had the effect of discriminating against older workers. It settled a suit for $320 million. Mother Jones …
"institutional investors are nonbank organizations ... there are six types of institutional investors ... Commercial banks"
Uh huh. In addition to commercial banks, there are also investment banks like Goldman Sachs. Aside from mutual funds, th…
It may be a little late for this, given that many funds have already made distributions, but if you have taxable funds projecting large distributions, you may be better off selling right before the ex-date (so that you don't get the divs).
For exam…
I doubt that the CDs are in street name (one master account), because then (I believe) all the CDs in the master account combined would have only $250K worth of FDIC insurance.
If you're drawing interest for cash flow, then monthly interest makes s…
FWIW, I called both Fidelity and TRP a couple of days ago regarding which funds could be moved where, converting share classes, etc. Not your typical "the sky is falling" call, more of an "end of year planning, how can I outmaneuver your restricti…
Thanks! I didn't get a notice on this, but after reading your post I found more info at:
https://thepointsguy.com/news/bofa-cash-rewards-pick-bonus-category/
Helps me somewhat (I do have a Cash Rewards card as a legacy of the Schwab Visa card), b…
Sounds a bit like BUFTX, which I used to follow. A difference, or a question, is whether BCSVX is focused on those sectors by design, or because that's just where the companies it likes now are found. Though with a 3% turnover, I suppose it doesn…
There are no perfect funds, which is why I asked about thoughts. Tough year or not, BCSVX is turning in (relatively speaking) outstanding performance. I'm trying to remember why I didn't include this fund in my list. Could be the somewhat high…
To each one's own. Portfolio visualizer says that these funds have an R² ranging from 76% (DRIOX and GPIIX) to 90% (GPIIX and PRIDX) based on monthly returns. With DRIOX at least, that's not an insignificant degree of differentiation. So I se…
Thanks for the thoughts.
I agree (with slick) that it usually takes some time for a new manager to put his own imprint on a fund. Not infrequently the old fund does at least as well as the new fund even after that. A too easy example is PIMCO/B…
"Corporations are people, my friend."
https://www.washingtonpost.com/politics/mitt-romney-says-corporations-are-people/2011/08/11/gIQABwZ38I_story.html
They are not natural persons but ones conceived by humans.
Hmm, maybe I should rethink my ch…
