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Courtesy of Google:
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warshawsky TIAA annuity
Mark Warshawsky worked for TIAA and wrote a paper about this 20 years…
I first tried instant X-ray before "rolling my own". I couldn't ignore the fact that M* only shows larger holdings.
Two of SCHD's top ten holdings, Lockheed Martin (LMT) and Blackrock (BLK), are not shown to overlap with the S&P 500. (They'r…
msf
I am sure I am not alone in dying to know what (7.) ff is.
The next step follows from my last sentence: "Of course the weightings of each company are completely different in SCHD and S&P 500."
The percentage of holding overlap, independe…
Specifically, if you exclude SCHD's last 25 or so holdings (out of ~100), which contribute a minuscule amount to performance, you do see that the remainder appear to be in SP500 (I'm not 100% positive about this, as I got tired searching within the …
Thank you Lewis. Despite my apparently long winded posts, I have been trying to be somewhat terse. In doing so, I jettisoned nuance.
We're not even in a once in a century pandemic; we're in the middle of at least two. But that's not popular i…
Global hybrids are difficult to find. Two good ones are SGENX & TIBAX, both no-load/NTF at Fido & Schwab. TIBAX also has an unleveraged CEF cousin TBLD that can be bought anywhere.The cheaper TIBIX share class can be purchased (with a TF) in…
Some things can appear so obvious that they become difficult to explain, yet be so unclear to others. I watched an economics teacher struggle to explain something having to do with averages, I forget what. As a 3rd party observer, these differen…
>> what have you done lately
? SCHD longterm performance shows this is, again, a rather misleading way to put it.
>> Had you looked at the same figures at another point in time,
sure, cherrypick away
You pick one trading day out of…
You're proving my point - it's all about "what have you done lately".
Had you looked at the same figures at another point in time, say on SCHD's 10 year anniversary (10/31/2021), SCHD's cumulative performance would have underwhelmed:
10 year: 309.…
I guess I could try switching to physical NYT and Washington Post but the amount of paper we would have to take to the landfill weekly is overwhelming
It's not like the old days, when a Sunday paper could clock in at 12 pounds. These days it seems…
Your cynicism is not unjustified, though the process of introducing streamlined reports was a bit more neutral than that.
From the SEC proposal:
We request comment on the proposed scope of disclosure for the annual report, including the following: …
Over the long term they do slightly better than FXAIX
Do they do any better, or are you just looking relative to a particular moment in time (i.e. now)? Comparing their three year rolling cumulative returns by calendar years (e.g. Jan 2019-Dec 2…
Can’t read Morningstar’s “analyst ratings” because I don’t subscribe.
Try your local library. As I'm typing this, I have the M* analyst (AI) report open from my library.
Here’s the lead-in from Morningstar’s site …
”A middling Parent Pillar rati…
The SEC allows funds a 60 day lag in filing their annual and semiannual reports (also their quarterlies).
https://www.sec.gov/rules/final/33-8393.htm
Worse (or better, depending on your perspective), funds will be phasing in the annual report equiv…
I agree with Yogi that TIAA annuities are solid, low cost investment options. Except for TIAA Traditional, the fact that they are annuities is essentially a non-issue; what matters is the all-in cost.
Prior to SECURE 2.0, annuitized contracts (wh…
@msf, K&LGates link is a good in that it collects various IRA related changes by Secure 2.0.
I think that QLAC, being DIA from retirement accounts, solved one RMD issue in 2014; prior to 2014 change, the DIAs from retirement accounts involved c…
The other new twist is you can convert up to $200,000 ( used to be $160,000 I think) or 25% of your IRA into a QLAC tax free, so you can lower your RMD. I have not dug into it yet, but I think you can pick an annuity date at anytime in the future, …
Let me add : "
Account Service Fee Per Year
(for certain fund account balances below $1,000,000)
$20"
"Certain" means (except for Flagship customers) funds that one holds on Vanguard's legacy mutual fund platform. Not a concern for new Vangua…
I haven't looked, but I'm sure Schwab's .34 ER on MMFs doesn't reflect any discount, so it'll probably go up, too.
As with Vanguard, Schwab's waiver is peanuts; 1 basis point. Not worth a moment's thought.
https://www.schwabassetmanagement.com/pro…
Whether conversions, having the up front tax hit, make sense … that’s a different matter and msf for one has effectively, I think, cast that into doubt. Still, conversions at lower market valuations seem a good idea to me.
Assuming no change in ta…
A few observations about this fund:The fund modified its objective (region) on March 1, 2012. Prior to that, it was the Emerging Europe & Mediterranean Fund. (Summary Prospectus, March 1, 2012)
Russia was always the 800 lb gorilla in the fund,…
I was looking at the 5498 that someone over age 73 received from Fidelity. It mistakenly read:
Our records indicate that you will be 72 or older in 2023. Once you reach age 72, the Internal Revenue Service (IRS) requires that you take a required m…
I got data from 2021 from Fido. about 50% of the SPAXX yield was state tax free. I don't know what % then was in Repos, but I bet that it was 50% and Repos are not state tax free
https://www.fidelity.com/tax-information/prior-year-tax-exempt-incom…
Last time I was there they were advertising 20-50% off but most of what was left was only 20% off so no better than a BBB coupon (and I was getting emails offering 25% off entire purchases at all their stores not just the one closing).
As with JCP,…
You can always put forth a proposal for the annual meeting if you own shares directly.
While that's what many people think, that's not quite the way it works.
Companies don't want Johnny-come-latelies buying a share just before the record date jus…
Now I see where that foreign figure comes from - click on the issuer type "tab" under "Weighted Exposure".
The latest SEC filings (including monthly filings) go only through September. Looking at the annual report (with Sept data), only 75% of th…
So, one famous maker of blue jeans hired Vietnamese workers because they could be paid in peanuts. The jeans were manufactured, finished, ready to wear. Then they were shipped to Saipan.
Reread the article you cited. All the manufacturing was don…
Two sectors where prices have grown the fastest for many years are two which IMHO should be accessible to all: education and health care.
From an 1887 letter from the Commissioner of the Department of Education, referencing Thomas Jefferson's …
I received the same email as well.
A couple of oddities about the Vanguard fund:
- Vanguard doesn't show its annual report on the fund page
(You can find it at the SEC here; search for multi-sector)
- On the page linked to by Yogi, the fund i…
HSAFX is available with a transaction fee at Schwab and Vanguard-not available at E-Trade.
Unavailable also at Merrill Edge. But it is available at Firstrade (all funds NTF). At least it shows up at Firstrade if one logs into an account ($500 mi…
Important to remember the intent of why legislation forcing debt limits was created in the first place.
The intent was to give the Treasury more flexibility, not to constrain the Treasury or Congress.
As noted in the first line of Congressional Re…
Getting a bit OT here; I hope people will indulge me as I'm a bit sensitive on this, having grown up in a home in what is now NY's 3rd Congressional district.
In election campaigns, there are two principal, not mutually exclusive, approaches. Per…
You've identified a key reason why people can come out ahead by doing conversions.
I showed the arithmetic in my Jan 14 post. Basically by pre-paying taxes (via conversion), you're moving tax money from outside into your Roth. So you never a…
DECEMBER 4, 2000
Effective immediately, Vanguard Health Care Fund has raised its minimum initial
investment amount to $25,000 for all new accounts, including IRAs and custodial
accounts for minors.
https://www.sec.gov/Archives/edgar/data/734383/00…
Most people are familiar with the idea that if one pays T-IRA taxes from the IRA proceeds, and if tax rates don't change, then it doesn't matter whether one puts money into a T-IRA or into a Roth IRA.
For example, with a tax rate of 25%, and $1,000…
That brings up estate taxes (in Mass and Oregon, those kick in at $1M). Prepaying taxes reduces the size of the estate and thus the amount potentially subject to estate taxes.
Roth conversions are one way to prepay taxes. Another is to pay taxe…
Under the assumption that one will pay taxes on a T-IRA withdrawal using proceeds from the IRA, it doesn't matter which assets go into the traditional, and which go into the Roth.
Let's assume that the tax rate upon withdrawal is 25%. Let's assum…
Reverse-splits for mutual funds don't make any (rational) sense. They don't trade like stocks, and trading and margin considerations don't apply.
99.9% of the time, I agree with this. There is the oddball exception where there is a sensible ration…
