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Suppose there were a cap, where all amounts greater than the cap had to be withdrawn:
Age 71: $1,000,000
Age 72: $ 970,000
Age 73: $ 940,000
...
Age 81: $ 700,000
...
Age 91: $ 400,000
...
Age 101:$ 100,000
Age 102:$ 80,000
Age 103:$ …
Sorry to be pedantic here, but why?
There is a public interest in seeing that people save enough for retirement, so that, in the old British vernacular, they do not go on the dole.
What is the public interest in seeing that wealth is transferred t…
The idea of IRAs remains retirement. RMDs are a way of forcing the retiree to draw (most) of the money out of the tax shelter.
Would you use caps the same way, e.g. by lowering the cap each year for a retiree, and require anything above that c…
IMHO, the suggested rationale that RMDs be eliminated (or at least pushed back a few years, say, to age 75) because some people (a) are working now so don't need the money (b) will need the benefit of longer tax deferrals on those few years of RMDs…
The benefits for high-net worth investors if required minimum distributions (RMDs) are eliminated are hard to miss.... “Often times, these clients would prefer not to get taxed either because their income is very high or they would prefer to keep th…
Normally when I see these tables, I just go ooohh, look at the pretty pictures.
But when there's coloring outside the lines, I take a closer look. The S&P 500 sector performance table shows eleven rows of sectors (plus a row for the S&P 5…
This is why ETFs like ProShares Ex-Tech (SPXT) will be picking up these stocks. My comment there:
https://www.mutualfundobserver.com/discuss/discussion/comment/105938/#Comment_105938
The point is that these firms don't just "dominate our digital…
Now, I was under the impression that all EFTS (electronic fund transfers) went through the ACH (automatic clearing house). Was that impression incorrect?
...
PS - Thanks for the tip @msf. I always initiate EFTs (outgoing and incoming) with T Row…
Do you mean ETF or EFT? An ETF trasnfer would be an ACAT securites transfer; an EFT would be an ACH transfer of cash. Usually banks don't charge for ACH transfers.
https://www.nerdwallet.com/blog/banking/ach-transfers-costs-send-money-banks-onli…
I'm sure a lot of people here recognize that 2.1% across the board pay increase that was rejected was the inflation rate for 2017 (and 2016). In real terms this amounts to a 2.1% pay cut for all federal workers, instead of their treading water.
A…
Just out - NYPost list of "affordable" NY neighborhoods. Starting with Windsor Terrace, where townhouses go for a mere $1.5M and up.
The best cheap[sic] neighborhoods in New York City
https://nypost.com/2018/08/29/the-best-cheap-neighborhoods-in-n…
You got it. It sounds like you want to exit. If you are going to exit, selling before distribution is better.
Either way, your gross income will be the same (except for potential appreciation/loss while waiting to sell). But in terms of tax y…
@msf
Thanks for feedback. If i sell now do you know if I'll still get hit with the cap gains distributions they'll do later in year? That would be a double whammy of my cap gains plus the distributions from the fund
Nope - it's an either or. You r…
Harbor is saying that it will realize all gains in the portfolio this year. If all gains are realized, any attempt to optimize by selling lowest gain shares first would be pointless.
Still, I agree that the vast majority if not all of the net cap…
So I'm one of the poor SOBs thats still in this fund. Have held since '94. I assume I should sell my position as soon as possible? Is there any way I can limit the cap gains I get hit with? Makes me sick thinking about it.If the projected distrib…
This is actually a good exercise in statistics and confounding factors.
Trump is supposedly citing a recent opinion piece where someone googled Trump, and the sources that came up were almost all left or center. Not that the articles were biased,…
I'm not sure what you're saying here. Is it that Harbor should have fired Castegren in 2000, since that's the last good year you identify? In that case, perhaps it was Ivy International Growth (now Ivy Global Growth) IVINX that had the right ide…
If the index name is to be believed (ex-IT, not ex-IT and communications), this means that the reconstituted index and fund will include such "non-technology" (but communications) names as Google (Alphabet) and Facebook. In part because these tech…
When you get to three dots, watch out for ghosts ...
https://www.theatlantic.com/national/archive/2012/02/some-three-dot-journalism-in-honor-of-herb-caen/252489/
Vanguard is owned by its funds - not publically owned.
Fidelity is private - Johnson family, plus.
Capital Research - private
Nuveen - owned by TIAA, a not-for-profit company
Dimensional Fund Advisors, LP - private
He was a good and honest man, "on the other side of the aisle". We are sadly lacking of others of his character and bravery, on any side of any aisle. May he rest in well-deserved peace.
"That moral compass is what distinguished McCain, more than hi…
Not aging population so much as lower demand by young people. Pick your favorite news source, the year you want your story from, and get an explanation for that reduced demand:
https://duckduckgo.com/?q=Young+people+fewer+cars
Thanks Ted, that made my day.
Ever since my MR2 (original series), I've had my eye on a Miata. Unfortunately, even by my forgiving standards, the Miata lacks space. So last year we settled on a VW GTI (Mk VII). Better on paper, and a great litt…
Do you know if Vanguard prime MM can lose principal? ThxI'm interpreting this question a little differently from Sven.
Any MMF can lose money, even Treasury MMFs (should the US government decide that it doesn't want to make timely payments).
T…
@MFO Members: What's the fascination with David Sherman? Although CBLDX is only seven months old, Sherman so far hasn't pulled any rabbits out of a hat. The fund in its short life ranks in the 90 percentile. Isn't that what it's supposed to do - …
I'd thought you might have meant that, except for the portion: "the money flows into tiny funds are too volatile".
If the concern really were with small funds, then excluding small share classes would have been a quick and dirty way to ensure that…
(Curiously, I was able to read it directly; no tricks, no special software. Though I am on a new machine, and Barron's might be counting articles.)
A nit to pick: FBTCX and FBIOX are not different share classes of the same fund, but shares of two…
Hi @ DavidV, I also own AOFAX and according to Morningstar has it's ytd at 40.51% and rolling 1 year at 55.21%. I'm thinking there are probally some other funds that got missed as well.
It didn't get missed. "Here are 10 funds that have turned $10…
Glad it made sense. It's still worth answering your pre-edit comment, to make it clearer (I hope).
Different disciplines have their own jargon. Words may look like English (or French, or whatever), but the words don't necessarily mean what you t…
"C shares are going away because they are a bad deal for investors. B shares were a similarly bad deal and they are pretty much, if not completely, extinct."
Good riddance. IMHO for long term investors (even those who moved from fund to fund), C s…
Context matters. The title of the graphic: $Trillions
Here's what the Financial Times Lexicon says about "billion":
It was certainly very confusing for a long time having the two systems operating side by side and notes always had to be added to …
As I posted in another thread, I don't believe the model is sustainable for mutual funds.
As the cost to provide accounts tends to zero, the minimum balance for a stock/ETF account (to cover those costs with securities lending) also tends toward ze…
I haven't (yet) tried Chase, though I have tried the other three majors, and have been rather underwhelmed. I've used them primarily to meet mins for other services (e.g. getting bonus cash back on BofA credit cards with my Merrill Edge account), …
What do you mean when you say that in Asia and in Europe the word "trillion" means 10^18? "Trillion" is an English word, it has no meaning in other languages. Even if a word in one language looks identical to a word in another language, they're s…
If one is going to take an absolute position, there's no point in agonizing over how much a supposedly foreign fund has invested in Amazon, or in any other domestic company.
Would you say that because 0.32% of SGOVX is NEM (Newmont Mining); that mu…
It was pretty clear what Ben meant. That said, I've never seen "international" fund used to mean a fund with substantial (say, over 20%) domestic holdings.
But I have seen "global" or "world" applied to funds that are "international", i.e. str…
