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Everything posted by D_House

  1. Since we're talking estate planning... If I do go to a lawyer, what should I already have done, what do I need to bring, and what questions should I be prepared to answer at a consultation so that I can make productive use of the time? Also, how do I pick an estate lawyer?
  2. Round 9: Smerz - Flashing Round 10: Miguel - So I Lie I'll stop here as work is crushing me but thanks all for sharing; I have a TON of new music to listen to now.
  3. Sorry for slacking. Round 2: Twin Shadow - Johnny & Jonnie Soundtrack to my summer. 80s dub influences. Plus I'm a sucker for a sax solo. Round 3: Kali Uchis - Telepatia More summer vibes. Pool sitting music. Round 4: Amyl and the Sniffers: Guided by Angels "This video is the equivalent of being the only one on coke while all your mates are on weed" Round 5: Shannon and the Clams: Year of the Spider Found through a prior FBG draft.
  4. This. And if you regularly make charitable contributions, you can lump give this year (IE pay forward your expected giving over the next few years this year). One way to do this is through a donor advised fund. After funding the DAF, that money is no longer yours and is earmarked to give to charity but you get to decide to which charities and when. Fidelity and Vanguard both offer DAFs, which makes it easy to donate appreciated shares. Lumping is also a good strategy to lower tax burden if you regularly give but not enough to meet the standard deduction. By lumping 2-3 years worth's of contributions into one tax year you can exceed the standard deduction and get "credit" for at least some of your giving.
  5. WSJ Editorial Board’s Contrarian Take: [quote]The Food and Drug Administration gave hope to millions of Americans suffering from Alzheimer’s disease on Monday by approving Biogen’saducanumab, the first treatment shown to slow cognitive decline. Credit to Acting Commissioner Janet Woodcock for resisting pressure from the public-health left who campaigned against the drug… …The FDA’s approval offers much-needed reassurance to U.S. drug makers that it won’t bow to political pressure and let biotech breakthroughs go to waste.[/quote]
  6. Enjoyed the EHT small batch quite a bit. Well balanced with vanilla caramel cherry and bread notes with a medium body and minimal burn. Easy drinker that I’d love to pick up for home consumption if I could ever find it.
  7. Thanks guys will try the EHT. The Stagg Jr sounds like it might be bit much for me proof-wise.
  8. Halp! Urgent bourbon advice needed. The below are all on the bourbon menu of a restaurant I’m headed to tonight, all $16-20: Stagg Jr $20 Eagle Rare 10 $16 EH Taylor Small Batch $16 Elmer T Lee $18 Which one should I pick and why? I’ve never had any Buffalo Trace product (can’t find in my neck of the woods). The bourbons I’ve enjoyed the most are Woodford Double Oaked and 4 Roses Single Barrel. TIA!
  9. You have to sign up for a treasury direct account: https://www.treasurydirect.gov Not sure if it’s been mentioned but the annual $10k I bond limit is per SSN. So for a married couple you can buy $20k in I bonds yearly. The only way to get paper I bonds is by requesting as your tax refund or for overpayment. And it’s a $5k limit.
  10. I have also been accumulating I bonds and will plan to buy at the end of May. These beat any HYSA, CD, or short term bond fund by a mile. I bonds are great for any funds where your goal is reasonable liquidity and capital preservation. Here's an article in which one financial writer presents how to use them as an 11 month CD. A few more details on them: 1. You get credited interest for the entire month, regardless of purchase date, so buying at the end of the month is preferred 2. Interest earned is state and local income tax exempt 3. Interest earned is also federal income tax free if used for 'qualified higher education expenses', though income limits apply All that said, your money is probably better off in dogecoin.
  11. Sorry about your restaurant and happy to hear you made it through! Bonds are ballast for your portfolio and a source of "dry powder" if you have the stomach to rebalance during stock market drawdowns. For an early accumulator they are not as important as closer to retirement. And as a small business owner I am guessing you have some debt, which can be thought of as negative bonds. Hopefully you have a large emergency fund and if that is the case than no bonds is reasonable. But high dividend stocks are not bonds and I don't think there's any evidence that they are less prone to big drops than the broader market. Vanguard's high dividend yield fund (VYM) did worse vs it's S&P fund (VOO) during the big drawdowns in March 2020. So don't expect them to be "safer" than your indexes in your IRA (assuming you have total market funds). And don't forget taxes. They are a major factor in returns. Dividends are basically forced capital gains. If you want to implement a dividend-focused strategy it makes more sense to do it in your tax-protected space as you won't pay any taxes on dividends. One way to do this is to sell off lots of your indexes in your IRAs and buy equivalent amounts of the same index in your taxable. Then use the freed up cash in your IRA to invest in the dividend stocks you like. Index funds are also easier to tax-loss harvest (which you can only do in your taxable accounts) than are individual securities.
  12. Bought my first individual stonks! Took positions in SE, MELI, and STNE in a new Fidelity HSA. Equal weighted and making up a total of 3% of my portfolio. I wanted more emerging market exposure but don't like the risks/moral hazards of investing in China and think e-commerce will continue to grow in SE Asia and Latin America. After recent tech sell off seemed like a good time to get in. Bought to hold. My goal is to beat Vanguard's EM index (VWO).
  13. Looks great! Are you paying Schwab extra (beyond the expense ratio) for them to pick the specialty index fund?
  14. This looks like an MLP Holding can make tax time tricky: “Downsides of MLPs Perhaps the biggest hassle to being an MLP limited partner is that you will have to file the infamous Internal Revenue Service (IRS) Schedule K-1 form. The K-1 is a complicated form and may require the services of an accountant—even if you did not sell any units. Also, K-1 forms are notorious for arriving late, after many tax preparers thought they had completed their taxes. Also, as an added problem, some MLPs operate in multiple states. Income received may require state tax returns filed in several states, which will increase your costs. Another tax-related negative is that you cannot use a net loss—more losses than profits—to offset other income. However, net losses may carry forward to the following year. When you eventually sell all your units, a net loss can then be used as a deduction against other income. A final negative is limited upside potential—historically—but this is to be expected from an investment that is going to produce a gradual yet reliable income stream over several years.” The above borrowed from here.
  15. We went with the ‘something else’ (Devenir) for two reasons: it’s integrated through HSA bank so no additional log in and password; and we can auto-invest into mutual funds at a pre-set allocation. They have Vanguard index funds among the options. Downside is the 0.3 % AUM for up to $50k invested. So max $150/yr for the convenience of automation. Worth it to me.
  16. If you have a qualifying high deductible health plan you can open up an HSA independent of your employer/insurer. You can still take the deduction on your income taxes but because the funds don’t come from your paycheck you don’t get to dodge payroll taxes. As mentioned above, I just opened one with Fidelity. I picked them because they don’t have any fees.
  17. What HSA custodians do you all use? We switched our HDHPs from my employer's to my wife's this year as the monthly insurance premiums were lower AND her employer makes a $1k contribution to her HSA every year. Win-win. Her plan uses HSA Bank. We had our old HSA at Payflex. Without an active plan, Payflex charges a couple monthly fees (a 0.2% AUM fee on top of a monthly $5 "maintenance fee"). I can't roll my old HSA into hers because despite making "family" level contributions, the accounts themselves are individual. Those old HSA funds are now mid-transfer to Fidelity (where there are no fees whatsoever). They were 100% in VSMAX (Vanguard small cap index) but Payflex made us sell out for the transfer. So the funds are out of the market until they settle at Fidelity. On the plus side, it looks like there is a much wider selection of investment options at Fidelity.
  18. I looked up the fund for you: American Funds PMC Active Core Portfolio - Moderate growth. It looks like a well-diversified static allocation portfolio mixed between domestic and international stocks and bonds. This is Vanguard's 0.13 expense ratio LifeStrategy Moderate Growth Fund. This is not an apples-to-apples comparison as I simply went off of the selected fund's strategy of "Moderate Growth". The American Funds portfolio is 73% equities to fixed income, while the Vanguard is 60%. Over the past eight years, the Vanguard fund has returned 8.5% to 7.75% for the American Funds portfolio. Note the listed expense ratio in the link to the American Funds portfolio is 0.53, so I'm not sure if the 1.25% fee you were quoted includes that, or is on top of it. So for every $10,000 invested in the portfolio that your advisor selected, you pay $112-165 more without evidence of outperformance over this particular simpler set and forget option.
  19. Trump Administration Will Let More Doctors Prescribe Drug To Fight Opioid Addiction They've waived the need for an X-waiver. This is an important step towards providing greater access to life-saving treatment.
  20. So you had 3 liquid meals throughout the day? Is the 590 calories inclusive of the oat milk?
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