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PaperclipPerfector  6mo ago (text post)   26059 thread views

Culture War Roundup for the week of April 29, 2024

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What is Data Secrets Lox? Can you describe a bit more about that?

It's the "official" builtin board style forum of (like the 3rd cousin?) of themotte. I think the relationship is roughly like:

lesswrong 
   └─> slatestarcodex ──> astralcodexten <─> datasecretslox
              └──> r/slatestarcodex ──> r/themotte ──> themotte

Obviously the full history is a bit more complicated and there is a bunch of cross mixing between the branches.

DSL was created by users of the open threads on SSC when the blog went down IIRC. So very closely related to TheMotte's origin

Yes, exactly. I would describe it as more esoteric in that there are many more threads with diverse topics. Also the general vibe is a bit more relaxed and personal beefs are tolerated somewhat more.

The finance board is just bogleheads.org which is pretty public at this point. I mostly stick to a few niche topics (like TIPS investing) that have dedicated posters, but there is a lot of good information there for people who are new to investing.

Why TIPS? Do you ladder treasuries for deep cash? SGOV/BIL holder here.

BOXX > SGOV for tax reasons, in my opinion.

SGOV dividends are largely federal tax exempt since it's 90%+ treasuries. I don't think that's the case for BOXX?

No. SGOV dividends (as well as treasuries) are taxed as ordinary income at a rate of up to 40.8%. Add in state taxes, and you're paying nearly half of your already paltry income. It's a very bad deal.

BOXX is taxed as capital gains and only when you sell. If you hold for a year, the maximum rate is 23.8%. Note that this is a somewhat novel product so there might be ruling against it in the future, but in theory it works.

Perhaps you are confusing SGOV for a muni, which is generally not taxed at the federal level. These have other downsides, such as higher risk and lower yields.

In any case, lending money to the government is a pretty awful deal. They dilute you constantly and charge you extortive taxes for the privilege. In the end you're much better off owning a shiny rock (might write a post about this later).

No. SGOV dividends (as well as treasuries) are taxed as ordinary income at a rate of up to 40.8%. Add in state taxes, and you're paying nearly half of your already paltry income. It's a very bad deal.

No, you're definitely mistaken.

https://investor.vanguard.com/investor-resources-education/taxes/how-government-bonds-are-taxed

Federal bonds, including treasuries, are state tax exempt (though you still pay federal tax).

In any case, lending money to the government is a pretty awful deal. They dilute you constantly and charge you extortive taxes for the privilege. In the end you're much better off owning a shiny rock (might write a post about this later).

VTSAX right now is paying more than almost any bank account and the taxes are less than you'd pay on bank interest due to the state tax exemption. It's not bad for an asset as safe as a savings account.

Comparing zero risk assets to gold doesn't really make sense.

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The TIPS are for my version of a liability matching portfolio. The main idea is to ensure that we have an inflation-adjusted income floor in retirement that matches current spending, so that in theory our lifestyle will not need to change for financial reasons.

In our particular case I am penciling in my retirement at 63 and wife's when I am 68 (she is younger). We'll both start drawing SS when I am 70. So I need amount A for years 63-67, amount B for years 68-69, and amount C for years 70+ (currently planned through 82). These amounts are obviously estimates but reasonably good ones, and they exclude items like college which are accounted for separately. Once these floors are established, then the majority of the rest of the portfolio will be in global stock index funds with some in Treasurys.

I have about 2/3 of this locked in already. Currently there is a gap in TIPS availability from 2035-2039 which coincides with part of my plan. The 2035s will be available next year as 10y and I will just buy them as they become available. Then for some of the other years I will fill in as money becomes available.

This strategy is not for everyone but my wife is particularly risk averse and we do not need to take any additional risks to ensure a solid retirement. My goal is to preserve our current lifestyle - I'm not trying to hit the jackpot. The overall allocation is about 33% stock, 39% TIPS, 28% T-bills at this point.

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