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Re: How to respond when someone asks how much money you make

I'm a government contractor and they are government employees who are curious how much more money they could make as a contractor. Part of the problem my have been that they are government employees. Civil service employees with their grades and formulas used for salaries tend to be aware of what o...
by CABob
Fri Jan 30, 2015 3:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to respond when someone asks how much money you make?
Replies: 48
Views: 3471

Re: The lowest stock allocation you plan to stay with

This is an interesting conversation. The comparison between the "youngsters" looking years down the road and the "seniors" looking at the near term is especially interesting to me. I am 75 and been retired for over 10 years and am currently at a 45% equity allocation. I don't ant...
by CABob
Fri Jan 30, 2015 3:17 pm
 
Forum: Investing - Theory, News & General
Topic: The lowest stock allocation you plan to stay with
Replies: 45
Views: 1745

Re: Would anyone go 100% bonds if...

I would think that most of the super wealthy folks in this category would be thinking beyond their personal needs for their own lifetime. Therefore they would be investing for heirs, charities, foundations, etc. I would think that would translate to at least a 20-30% equity allocation and maybe sign...
by CABob
Fri Jan 30, 2015 3:08 pm
 
Forum: Investing - Theory, News & General
Topic: Would anyone go 100% bonds if...
Replies: 19
Views: 1021

Re: Which Vanguard stock funds?

If you believe in an indexing approach to investing (which I do) and a lazy and simplified portfolio (which I do) and you want it all in equity investments, then I think that you should have a total US stock market fund and a total international stock market fund in allocation percentages that you a...
by CABob
Fri Jan 30, 2015 2:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Which Vanguard stock funds?
Replies: 13
Views: 1232

Re: Free checking account for irrevocable trust

Free checking accounts without a lot of conditions (minimum balance, number of transactions, direct deposits, etc.) are getting very difficult to find imo. Adding to this the fact that it is an irrevocable trust sounds like a problem. Have you checked with the bank at which you have your regular acc...
by CABob
Thu Jan 29, 2015 7:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Free checking account for irrevocable trust
Replies: 3
Views: 284

Re: New career as Financial Planner late in Life?

What I don't know is how to provide financial planning services to everyone who needs it without charging them about 1/7th of their expected returns.
By spending time and contributing to this forum. :beer
by CABob
Thu Jan 29, 2015 4:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: New career as Financial Planner late in Life?
Replies: 29
Views: 2497

Re: New career as Financial Planner late in Life?

By any chance, would anyone out there in Boglehead land work for Fidelity or Vanguard? There may well be, but, it is doubtful that they would identify themselves here. As others have stated I think it would be difficult to establish a business and prosper in the timeframe you envision. Perhaps cont...
by CABob
Thu Jan 29, 2015 3:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: New career as Financial Planner late in Life?
Replies: 29
Views: 2497

Re: Vanguard RMD Service

plannerman wrote:Vanguard actually made an error in calculating DW's RMD last year, so you can't take anything for granted.

Interesting since the calculation is quite simple. Was there some thing about your situation that made it prone to an error?
by CABob
Wed Jan 28, 2015 9:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard RMD Service
Replies: 14
Views: 1816

Re: Expense ratio of individual stocks at Vanguard

This link provides the fees and commissions that Vanguard charges for accounts and transactions. This does not address fund expense ratios, but, at others have said individual stocks do not have an expense ratio.
by CABob
Wed Jan 28, 2015 2:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Expense ratio of individual stocks at Vanguard
Replies: 16
Views: 1224

Re: Wealthfront automated investment service

The latest issue of the AAII Journal has an article about investments services that you may find informational.
http://www.aaii.com/journal/article/wha ... etop&acc=n
by CABob
Wed Jan 28, 2015 1:53 pm
 
Forum: Investing - Theory, News & General
Topic: Wealthfront automated investment service
Replies: 19
Views: 1454

Re: What mutual fund companies do you use?

Vanguard and Scottrade.
by CABob
Tue Jan 27, 2015 11:53 pm
 
Forum: Investing - Theory, News & General
Topic: What mutual fund companies do you use?
Replies: 61
Views: 2660

Re: Recommend a clickless mouse

The click is a result of providing tactile feedback, so that people definitely know whether they've pressed hard enough or not. It's the same reason some of us love the old IBM keyboards, and why almost every mouse you try will make some sound when you click it. Yes, I recall the older IBM keyboard...
by CABob
Mon Jan 26, 2015 2:59 pm
 
Forum: Personal Consumer Issues
Topic: Recommend a clickless mouse
Replies: 33
Views: 2344

Re: Vanguard RMD Service

Another alternative if you want more control is to do your own calculations and then set up automatic withdrawals - of course if you just want one withdrawal per year then it's real easy . Maybe or maybe not. I had all of my RMD taken in early November last year. Vanguard did the calculation and I ...
by CABob
Sun Jan 25, 2015 7:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard RMD Service
Replies: 14
Views: 1816

Re: Drinking water

Have you tried a lemon slice in a pitcher of water stored in the refer?
by CABob
Sun Jan 25, 2015 3:58 pm
 
Forum: Personal Consumer Issues
Topic: Drinking water
Replies: 45
Views: 3003

Re: Anyone still keep DVDs?

Heck, I've still got some VHS tapes. And some blank tapes and a machine to record and play them.
:o
by CABob
Sun Jan 25, 2015 1:08 pm
 
Forum: Personal Consumer Issues
Topic: Anyone still keep DVDs?
Replies: 25
Views: 1478

Re: Some RMD Questions

Well, I can't find what I am looking for: Automated process that reinvests RMDs in a taxable account. I can do either of the following: ⋅ Use their automated RMD service to distribute to an attached bank account. ⋅ Manually distribute RMDs to a taxable investment account. I can'...
by CABob
Sat Jan 24, 2015 4:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Some RMD Questions
Replies: 28
Views: 1511

Re: How do I utilize a VG Taxable account?

allroads wrote:Am I simply better funding Roth from my checking account if possible?

That would be the cleanest and without a tax impact.
by CABob
Sat Jan 24, 2015 12:08 am
 
Forum: Investing - Help with Personal Investments
Topic: How do I utilize a VG Taxable account?
Replies: 19
Views: 2331

Re: TV sound options for hearing impaired

I have no direct experience, but, you might want to check out products available from LSS Products.
by CABob
Fri Jan 23, 2015 5:56 pm
 
Forum: Personal Consumer Issues
Topic: TV sound options for hearing impaired
Replies: 12
Views: 984

Re: Credit card FICO, is it a gimmick? EMV+sign, useful?

livesoft wrote: I know that my CreditKarma score dropped when I paid off my mortgage and dropped again when I got a car loan.

So you (your score) were penalized for paying off a loan and also when you took out another loan?
:confused :confused :confused
by CABob
Fri Jan 23, 2015 5:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Credit card FICO, is it a gimmick? EMV+sign, useful?
Replies: 20
Views: 1680

Re: Intuit Turbo Tax Refund

I find it interesting that for the past couple of years there has been a TT representative that has posted on this forum to respond to some of the criticisms regarding their product. I haven't noticed him posting this year while the criticism has increased. Perhaps he was shown the door over this f...
by CABob
Fri Jan 23, 2015 5:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Intuit Turbo Tax Refund
Replies: 23
Views: 2135

Re: Women's Face Moisturizer/Lotion

Props to Joe M for even trying this task.
I think its a great idea, but, I don't have the courage to try it.
:wink:
by CABob
Fri Jan 23, 2015 4:40 pm
 
Forum: Personal Consumer Issues
Topic: Women's Face Moisturizer/Lotion
Replies: 51
Views: 3379

Re: How do I utilize a VG Taxable account?

next year can I directly transfer money from this account into my Roth? Or must I cash out money from the taxable account and then fund the Roth? I think your questions have been answered by others, but, I wanted to make sure that this one was understood. The money to fund the Roth can come from a ...
by CABob
Fri Jan 23, 2015 4:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: How do I utilize a VG Taxable account?
Replies: 19
Views: 2331

Re: Intuit Turbo Tax Refund

I find it interesting that for the past couple of years there has been a TT representative that has posted on this forum to respond to some of the criticisms regarding their product. I haven't noticed him posting this year while the criticism has increased.
by CABob
Fri Jan 23, 2015 4:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Intuit Turbo Tax Refund
Replies: 23
Views: 2135

Re: Credit card FICO, is it a gimmick? EMV+sign, useful?

I am getting the impression that the CC credit score is at least partly a gimmick. It would seem to have some value when comparing today's score with another one from the same source a month or year ago. I'm not sure it has any value to specifically find out what a lending institution will determine...
by CABob
Fri Jan 23, 2015 4:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Credit card FICO, is it a gimmick? EMV+sign, useful?
Replies: 20
Views: 1680

Re: Providing Information to a friend

Would she read a book if you gave it to her? The Wiki page on books is a good starting placehttps://www.bogleheads.org/wiki/Category:Books_and_authors My personal recommendation would be Eric Tyson's, Personal Finance for Dummies. http://www.amazon.com/Personal-Finance-Dummies-Eric-Tyson/dp/11181178...
by CABob
Fri Jan 23, 2015 3:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Providing Information to a friend
Replies: 4
Views: 407

Re: Microsoft Money Plus Sunset

Thanks, PJW, Your reply and experience is helpful. I haven't had the pleasure of downloads using Money for some time so that is not a new issue. As I indicated my primary usage is for a manual record of bank account transactions. I have had and I guess will continue to have an issue with record keep...
by CABob
Thu Jan 22, 2015 9:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Microsoft Money Plus Sunset
Replies: 12
Views: 1321

Re: Microsoft Money Plus Sunset

Thanks all for your replies. It looks like Money Plus is what I need.
by CABob
Wed Jan 21, 2015 4:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Microsoft Money Plus Sunset
Replies: 12
Views: 1321

Re: Vanguard too successful?

Interesting article and I picked up something to mention at the next cocktail party.
This fanatic invests in the Nifty 5000.
:beer
by CABob
Wed Jan 21, 2015 4:25 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard too successful?
Replies: 13
Views: 2136

Re: "When you've won the game, stop playing"

There is another conversation started regarding this article at viewtopic.php?f=2&t=156119&p=2342349#p2342349
by CABob
Tue Jan 20, 2015 5:16 pm
 
Forum: Investing - Theory, News & General
Topic: "When you've won the game, stop playing"
Replies: 83
Views: 8353

Re: Bernstein article:How to tell if your nest egg is big en

Taylor has also initiated a conversation on this subject at viewtopic.php?f=10&t=156151&newpost=2342333
by CABob
Tue Jan 20, 2015 5:15 pm
 
Forum: Investing - Theory, News & General
Topic: "When you've won the game, stop playing"
Replies: 83
Views: 8353

Microsoft Money Plus Sunset

I have been using MS Money for a number of years for checking and savings accounts including bill paying. A few years ago my bank stopped interfacing with Money for bill paying and Microsoft stopped supporting Money. I started to use my banks online bill paying service but continued to use Money for...
by CABob
Tue Jan 20, 2015 5:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Microsoft Money Plus Sunset
Replies: 12
Views: 1321

Re: 401k brokerage fee for Vanguard funds

I am sure JPM is making some money from some place. My understanding is that Vanguard does not share any of its ER with anyone else. Therefore this makes me think that either you or your employer is contributing to JPM's bottom line. Your job is to find out who and how. The answer may be in your emp...
by CABob
Tue Jan 20, 2015 12:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k brokerage fee for Vanguard funds
Replies: 8
Views: 651

Re: Should parents setup Revocable Living Trust?

A couple of reasons for setting up a trust is to avoid the costs of probate and keep information away from public. For the majority of folks I don't think the public information aspect of probate is that much of a concern. The cost of probate is a state by state issue. In many states the costs are r...
by CABob
Tue Jan 20, 2015 12:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should parents setup Revocable Living Trust?
Replies: 8
Views: 890

Re: RMD withdrawals.

Having gone back and forth in my thinking about the best timing for RMD's from a strictly financial point of view, I was persuaded by a different voice -- my wife -- who said she really wants to get a "monthly paycheck" to regulate our household spending during the year. Having gone back ...
by CABob
Mon Jan 19, 2015 3:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: RMD withdrawals.
Replies: 43
Views: 3252

Re: RMD withdrawals.

I have seen several threads on Ed Slott's IRA Forum in which those who inherited an IRA were stuck in an adverse situation because of failure of the IRA owner to have taken the RMD prior to death. Though that's not automatically a logistical problem--it's not that hard to take the RMD as the heir, ...
by CABob
Mon Jan 19, 2015 10:50 am
 
Forum: Personal Finance (Not Investing)
Topic: RMD withdrawals.
Replies: 43
Views: 3252

Re: Poll: Your Max. REIT Allocation

About 6% up until recently. Zero now due to a simplification of my portfolio.
by CABob
Sun Jan 18, 2015 11:37 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: Your Max. REIT Allocation
Replies: 54
Views: 4039

Re: A quick poll--pension annuity vs. lump sum

There are tax implications to lump sum distributions. See: http://www.irs.gov/taxtopics/tc412.html Good point. I and I assume others were thinking that if a lump sum distribution were taken it would be rolled into and IRA without it being a taxable event at the time. Taking a lump sum as a taxable ...
by CABob
Sun Jan 18, 2015 9:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: A quick poll--pension annuity vs. lump sum
Replies: 62
Views: 3686

Re: A quick poll--pension annuity vs. lump sum

This was such an important decision for me that I had my CPA "run the numbers." His analysis showed conclusively that I should take the monthly annuity, which I did. Everyone's situation varies, but in this case I think it's worth consulting with a financial professional before you pull t...
by CABob
Sun Jan 18, 2015 7:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: A quick poll--pension annuity vs. lump sum
Replies: 62
Views: 3686

Re: Does 3-funds offer higher returns or lower risk?

I think that the addition of international increases diversity and thereby decreases volatility and decreases risk. It may (or may not) provide higher returns over a long period of time.
by CABob
Sun Jan 18, 2015 2:57 pm
 
Forum: Investing - Theory, News & General
Topic: Does 3-funds offer higher returns or lower risk?
Replies: 30
Views: 2621

Re: Can't purchase Index funds at Ameriprise?

BogleMe wrote:Wonder why they can't purchase the fund but can the ETF.

That is the nature of ETFs. They are made to be traded on a stock exchange so any institution that can buy and sell securities on a stock exchange can buy and sell ETFs. There may be a commission involved with the transaction.
by CABob
Sun Jan 18, 2015 12:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can't purchase Index funds at Ameriprise?
Replies: 11
Views: 951

Re: The Three Fund Portfolio

If I wished to invest $11,500 annually in a 3 Fund Portfolio while meeting the following requirements: 1. max my Roth IRA contribution ($5500) 2. use a 60:40 stock:bond allocation what could be some ways to do it (or alternate solutions)? Also, since some of the funds would lie in taxable accounts,...
by CABob
Sun Jan 18, 2015 12:20 pm
 
Forum: Investing - Theory, News & General
Topic: The Three Fund Portfolio
Replies: 1012
Views: 446418

Re: A quick poll--pension annuity vs. lump sum

I took the lump sum. I'm not sure it was the correct decision, but, I have been satisfied so far. Perhaps the significant benefit to the decision was that it brought me to the M* Diehard forum for advice and eventually to this forum. I took the advice given by several folks (including Taylor) and be...
by CABob
Sun Jan 18, 2015 11:14 am
 
Forum: Personal Finance (Not Investing)
Topic: A quick poll--pension annuity vs. lump sum
Replies: 62
Views: 3686

IRS Publication 590 [Revised to 590-A and 590-B]

For those not aware, there is a new edition of IRS Publication 590 now available. It is now in two parts with 590A dealing with contributions and 590B dealing with distributions.
IRS Pub 590 A and B
My apologies if this has already been pointed out.
by CABob
Sat Jan 17, 2015 4:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: IRS Publication 590 [Revised to 590-A and 590-B]
Replies: 7
Views: 976

Re: Book Recommendations on Home Maintenance

I don't have one, but the Home Depot DIY book looks good to me. Home Depot also has a number of books on specific subject areas. I have a series of books by Time Life on various repair/improvement subjects. I've had them for years, but, it looks as if something similar is still available http://www....
by CABob
Sat Jan 17, 2015 2:54 pm
 
Forum: Personal Consumer Issues
Topic: Book Recommendations on Home Maintenance
Replies: 4
Views: 651

Re: garbage disposals - are these still used?

I didn't realize that it was a regional or cultural thing. My parents had a combination sink/dishwasher with a disposer probably about 1950. As I think about it this should have been quite surprising since we were a very frugal family. It seemed as if we were one of the first families to have a dish...
by CABob
Sat Jan 17, 2015 2:34 pm
 
Forum: Personal Consumer Issues
Topic: garbage disposals - are these still used?
Replies: 52
Views: 3682

Re: Vanguard ETFs, Are fractional shares allowed?

I think that would depend on where the ETFs are held.
by CABob
Sat Jan 17, 2015 12:33 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard ETFs, Are fractional shares allowed?
Replies: 12
Views: 944

Re: Reporter doing story on Turbo Tax Fracas

a little history: The developers of TT were the people who started SecondStory-TaxAct. Some LDS accountants. It was a longtime ago when this happened. SecondStory sold out a couple of years ago to another data company-InfoSys. Why I know this, At the time when the developers of TT (DOS era) I saw t...
by CABob
Sat Jan 17, 2015 12:12 am
 
Forum: Personal Finance (Not Investing)
Topic: Reporter doing story on Turbo Tax Fracas
Replies: 52
Views: 7118

Re: Instant coffee

It's been a number of years since I have had any extensive use of instant coffee, but, when I did use it at work because of convenience I used Kava and thought it was a couple of notches above others.
by CABob
Fri Jan 16, 2015 5:16 pm
 
Forum: Personal Consumer Issues
Topic: Instant coffee
Replies: 34
Views: 3344

Re: cash position in ira or 401k?

I have a fairly high percentage of portfolio in cash as compared to many, but, none of it is in my tax deferred account.
by CABob
Fri Jan 16, 2015 4:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: cash position in ira or 401k?
Replies: 19
Views: 1617

Re: Benefits of Second Home

I don't recall conversations critical of second homes, but, I'll take your word for it that they exist. What I suspect, however, is that those critical are suggesting that such a purchase is not a good investment financially. Where you get a lot of pleasure and piece of mind and can afford it, I say...
by CABob
Fri Jan 16, 2015 4:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Benefits of Second Home
Replies: 35
Views: 3185
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