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.
One can use Portfolio Visualizer (PV) to see how he arrived at the age 70 investment portfolio values. PV shows slightly lower values. That is possibly because when one asks PV for a 6% rate of return, it doesn't use 6%/12 (0.5 basis points) for t…
Out of curiosity, I fed lisinopril into GoodRx, and the cheapest price it gave me for a 90 day supply was at a supermarket without a coupon. If you use a GoodRx coupon at the same place it would cost over 10% more.
Update: New monthly premium for Part B will be $170.10 per month, which is an increase of $21.60 per month. Also, Part B deductible will increase from $203 annually in 2021 to $233 annually in 2022. Everywhere I had read indicated around a $10 a …
It depends on the physician or other medical provider.
I used an ACA plan that didn't include one of my doctors and he charged me a reasonably modest cash rate. Same for some physical therapy sessions that I paid for out of pocket while I sicc…
The first thought through my mind was: the IRS would never consider TWVLX "substantially identical" to whatever index one would like. For tax purposes at least that would get laughed out of court.
The article conflates active share and correlat…
Funds can and often do drift across category boundaries. I would not want to see a fund whipsawed between categories every three months (funds disclose portfolios quarterly) just because it added (or subtracted) 3 or 4 percent in equities, or edge…
One can always go straight to the horse's mouth:
https://www.troweprice.com/personal-investing/campaign/summit-program.html
This is essentially the same basic information that T. Rowe Price sent to customers last month via email, though it adds a l…
If you do not try to deduct expenses that have no relationship to the purpose of the business, I don't think the IRS cares what you do with it.
The IRS does care. If it regards your business as a mere hobby, e.g. because you've failed to turn a p…
Agreed, a distinct TIN (EIN/SSN) would seem to be sufficient.
No need to go through the process of creating an LLC. An EIN can be assigned to any business. I have an EIN as a sole proprietor - it's required to have an individual 401(k).
https:/…
I agree opt out programs significantly increase participation rates above that of opt in programs. They may be the most effective way of boosting participation. However there is the danger of unintended consequences for lower income workers that…
Roth IRA used to have $2,000 limit when it started in 1998. Many people don’t have jobs with 401K) and 403(b) plans. How can one save enough for retirement with $6,000 and 1,000 catch-up, per year?
"Fifteen percent of households in the labor force …
Vanguard ...
Oh and another thing. They sense of "rounding" is illogical regarding how many shares they give you for whatever price even when you are investing nice whole $ amounts e.g. $1000.
It seems every institution has its own calculation qui…
I'm a little surprised that one could circumvent the $10K limit per year by using a revocable trust. For tax purposes, revocable trusts are treated as an extension of the individual. That's different from irrevocable trusts which (except for gran…
Taxes apply when redeemed
Just one tax - federal. Savings bonds, like Treasuries, are exempt from state and local taxes. Making their rates look even better.
The text in the originally cited piece immediately following the quoted section reads:
Now, the only problem with this cool story is there’s no evidence it ever really happened. Google results turn up plenty of stories about this supposed “study” — …
I replicated your test transfer several hours before you mentioned Yodlee. Only later, an hour or two after you subsequently named it as the third party did I try again. I tried again because as you noted Vanguard started providing alternative pa…
On wonders if Vanguard is listening.
As BaluBalu had not (until an hour ago) identified the third party, and because I did not recall being prompted by Vanguard to provide Yodlee any information, I started a test transfer. Sure enough, in the pro…
We did an IRA transfer from Fidelity to Vanguard a year ago that went via ACAT, just as Observant1 described. When I spoke with Vanguard I was told that the medallion guarantee requirement originates with the sending brokerage. If they don't req…
Most of Vanguard's index funds offer ETF class shares, so one can avoid using the Vanguard platform to invest in those funds. However, none of Vanguard's allocation index funds (target date, target risk, or "traditional balanced") or tax managed i…
RPHYX of course now closed.
Here's the August 24, 2021 supplement to the fund prospectus:
August 27, 2021 (the "Revised Closing Date") ...
After the Revised Closing Date, the following eligible investors may also open new accounts:
· New shareh…
reserving the right to reject orders exceeding ...
You were given imprecise information. Fidelity, like most fund sponsors, puts in boilerplate allowing them to reject any purchase, including a purchase via an exchange if they feel it would disru…
I don't believe that funds can outright reject redemption orders (though they can postpone orders as was done in Sept 2001 when the markets were shut down). However, funds can place restrictions that might trigger on large orders. It is easy to i…
No deductions. None. And I assume the tax applies to all income. For all taxpayers including businesses, which is the subject of this thread.
So we eliminate the deduction that mutual funds get for passing through their earnings to investors. …
LMZIX is (pardon the redundancy) BrandywineGlobal Global High Yield, as opposed to BGHSX, BrandwineGlobal High Yield without the global in the fund name. Two different funds.
Fidelity charges nothing to sell TF funds. However, as Crash noted, B…
The separate currency is a point in favor of viewing Macau bonds as different from Chinese bonds. (Puerto Rico's bonds are a different story.) On the other hand, Macau's government seems substantially subservient to mainland China, raising doubts…
It's difficult to find US vs International % exposure on M*
http://portfolios.morningstar.com/fund/summary?t=HYSAX
(substitute your favorite ticker for other funds)
One does need to be careful with definitions, though. Apparently M* thinks that …
Firstrade was founded in 1985 by John Liu under the name First Flushing Securities. ... It has been overseen by founder and CEO John Liu since its beginnings as a financial services provider for a diverse customer base in the Flushing neighborhood …
M*'s methodology does have a recent (read: three year) performance bias. It averages a fund's three year, five year, and ten year ratings. Since the three year performance is part of the five year and ten year metrics, those recent years get wei…
Is there any chance you could buy a similar fund at Fidelity, just to be on the safe side ?
You can buy TSHIX with a $2500 min in a Fidelity IRA though there's a transaction fee.
Alternatively, TASHX is available NTF.
We've seen this before:
There was once a king in India who was a big chess enthusiast and had the habit of challenging wise visitors to a game of chess. One day a traveling sage was challenged by the king. The sage having played this game all his li…
Your post helps tremendously in understanding what you're thinking about. Much appreciated.
My head is full of loosely connected thoughts that would take too long to organize coherently now, so I'll just toss out a few for the moment.
I like BLS…
Since 10 year rules, inherited accounts and 401(k)s have been mentioned, I'll throw in another technical detail:
A lump sum distribution from an employer sponsored plan inherited from a participant born before 1936 can apply 10 year income averagin…
I’ve been looking at this issue myself and there’s one important wrinkle to keep in mind. While you can take your total RMDs from any or all of your affected accounts, the accounts must all be of the same type. For example, if you have both IRAs and…
Continuing on to #4:
4. Use the life expectancy withdrawal method
The life expectancy withdrawal method determines your annual RMD by ...
For all of us, this can be very confusing.
I take exception to that statement :-)
since they started 'adjusting' them in the 80s.
CPI figures have been adjusted since day one (1919). In 1921 the government cobbled together a national figure from an unweighted average of 32 city figures.
https://www.bls.gov/cpi/additional-resou…
My initial objection was to the assertion as to the reasons for the removal of home prices, nothing more.
You not only objected but offered an alternative explanation regarding the CPI-U calculation. My comments pertained to that alternative expl…
Two petty technical points:
- You're supposed to calculate the RMD for each IRA and then add them together. Usually that comes out the same as adding the values together and then dividing, since:
$A / N years + $B / N years = $(A+B) / N years.
B…
The Barron's quote of Carson which elicited your comment was about how including home costs in the CPI-U would make that number much higher. It concerned the CPI-U, or what Carson calls "the official price report".
You posited (in)frequency of…
