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Re: Please Help with Mom's Variable Annuity and Budget

Carter, A statement follows from me that is rare, but not never. The sister is evil. She has manipulated your mother into everything. There is some guilt she has laid on your mother probably. I cannot believe these people have two properties and 2 car loans. It sounds like they spend the nights watc...
by Calm Man
Thu Jul 24, 2014 9:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Please Help with Mom's Variable Annuity and Budget
Replies: 13
Views: 720

Re: Mutual fund account with Vanguard or MerrillEdge?

If you would let bonuses be a consideration in your equation, I'd go with Merrill Edge and collect bonus. I don't do anything for 1-time bonuses investment-wise. Good luck.
by Calm Man
Thu Jul 24, 2014 5:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Mutual fund account with Vanguard or MerrillEdge?
Replies: 24
Views: 614

Re: Please Help with Mom's Variable Annuity and Budget

Sister certainly helps to suck mom dry with her spending and expecting mom to pay. In addition mom won't say no, and has been a spend thrift herself. She just recently started to panic now that the ship is sinking. Calm man, it looks like the Ira is tied to the VA...are you saying there is a way to...
by Calm Man
Thu Jul 24, 2014 12:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Please Help with Mom's Variable Annuity and Budget
Replies: 13
Views: 720

Re: Buying a car- 2011 Lexus IS 250 9k miles

I think that a young man making 70K should spend as little as possible on a car, not buy himself a Lexus, even if used.
by Calm Man
Thu Jul 24, 2014 11:38 am
 
Forum: Personal Consumer Issues
Topic: Buying a car- 2011 Lexus IS 250 9k miles
Replies: 25
Views: 1586

Re: Please Help with Mom's Variable Annuity and Budget

Carter, This is so sad to see that I think most of us are in shock. Two adults living together, one a teacher no less, who are in such a mess. I guess they typical advice would be in order. To pay down debts, to spend as little as possible and to optimize the IRA. I"m not sure the VA is the way...
by Calm Man
Thu Jul 24, 2014 11:36 am
 
Forum: Investing - Help with Personal Investments
Topic: Please Help with Mom's Variable Annuity and Budget
Replies: 13
Views: 720

Re: Do you split in-state and fed munis? If so, how?

My muni bonds are all invested in CA, not split across a national fund. I justify it as my muni holdings represent 10% of my overall portfolio. Avoiding the 9.3% CA tax hit makes the single state risk worthwhile for me. If you itemize, you should adjust the 9.3% state tax hit by your federal margin...
by Calm Man
Thu Jul 24, 2014 11:20 am
 
Forum: Investing - Help with Personal Investments
Topic: Do you split in-state and national munis? If so, how?
Replies: 16
Views: 629

Re: Variable Annuity funding BY Cd's good or bad?

Calm Man Thank you ... that was my thinking also .... problem solved .... but just wanted confirmation. It is indeed my pleasure to actually help somebody !!! Let me take it further as you are likely rather young. Don't ever let little amounts bother you for anything. I have drummed this finally su...
by Calm Man
Wed Jul 23, 2014 10:19 pm
 
Forum: Investing - Theory, News & General
Topic: Variable Annuity funding BY Cd's good or bad?
Replies: 6
Views: 292

Re: Will not using my dishwasher cause problems?

I wouldn't sweat it. I just wouldn't use it at all. I lived in a house I owned for 9 years and never used the dishwasher as I lived alone. I sold the house and no hit squad ever came after me. I then lived with a wife for 2 years (that ended quickly) and she ran the dishwasher every day. It seemed t...
by Calm Man
Wed Jul 23, 2014 9:51 pm
 
Forum: Personal Consumer Issues
Topic: Will not using my dishwasher cause problems?
Replies: 41
Views: 1652

Re: Dumb 3rd grade math question about beach house rental

I must be out of my mind. I am sitting here thinking that either the person who did the inviting should pay it all, or, if it was agreed to split it, what difference does it make if one pair is there for 6 or 8 or 10 days? Does the cost differ materially except for maybe some less use of electricity...
by Calm Man
Wed Jul 23, 2014 9:38 pm
 
Forum: Personal Consumer Issues
Topic: Dumb 3rd grade math question about beach house rental
Replies: 45
Views: 2469

Re: Riding the Rails--my Amtrak trip

I am getting concerned reading about the delays. I hate planes. Did I say I hate planes. I only take them when I must and only for must business trips, which hopefully will be over soon. I am "spoiled" by Amtrak on the Northeast corridor which is not horrible although almost every time I a...
by Calm Man
Wed Jul 23, 2014 9:22 pm
 
Forum: Personal Consumer Issues
Topic: Riding the Rails--my Amtrak trip
Replies: 32
Views: 2291

Re: Variable Annuity funding BY Cd's good or bad?

OP, are you saying you are concerned about income taxes on $150 per month of CD income? That should be of no consequence as it is tiny.
by Calm Man
Wed Jul 23, 2014 9:15 pm
 
Forum: Investing - Theory, News & General
Topic: Variable Annuity funding BY Cd's good or bad?
Replies: 6
Views: 292

Re: Need Help and totally confused!!

I'm very sorry for your loss. I hope you don't mind if I do a little hijacking here. Every time one of our men talk about how the wife can't or won't learn anything about investing, I point out just what this poster is saying. And guess what? She's completely competent and can do fine. She has to le...
by Calm Man
Wed Jul 23, 2014 9:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need Help and totally confused!!
Replies: 28
Views: 1677

Re: Do you split in-state and fed munis? If so, how?

I am in a minority. I only use CA IT TE. Many others recommend no more than 50% in CA, the rest in National. For me, most of my bonds are not in taxable, so the amounts just aren't that big. I think at the peak, I was 50% CA muni and 50% taxable in tax-deferred accounts (if you can make sense of ta...
by Calm Man
Wed Jul 23, 2014 9:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do you split in-state and national munis? If so, how?
Replies: 16
Views: 629

Re: What's Golf Course Frontage Worth - Indianapolis

I once looked into one of these communities. The real estate agent was being very positive about being on a tee. I figured that having my back yard right near the tee would mean a whole bunch of people having no choice but to look at me all day if in the backyard, that I wold have to see them all da...
by Calm Man
Wed Jul 23, 2014 6:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: What's Golf Course Frontage Worth - Indianapolis
Replies: 19
Views: 1136

Re: Please help settle an argument

When one takes a car loan, one doesn't have title to the car. It hated that when I had a loan when I had my first car many years ago. Never again. We are in a world of low returns and low interest rates. Anything can go down in value just like up. If you have the cash, I say pay it. Quibbling about ...
by Calm Man
Wed Jul 23, 2014 2:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Please help settle an argument
Replies: 23
Views: 1865

Re: Riding the Rails--my Amtrak trip

Excellent report. Please keep posting.
For OP or others who have done something similar -- an itinerary with so many train segments is a lot to keep track of I guess. But for the conductors on the train, does one need to print out 12 "tickets" or how is this managed?
by Calm Man
Wed Jul 23, 2014 1:58 pm
 
Forum: Personal Consumer Issues
Topic: Riding the Rails--my Amtrak trip
Replies: 32
Views: 2291

Re: Reaching Severe Burnout - Can I Scale Back Career?

I too felt stressed out reading the post. If you were married to my daughter, I would pray to the lord that you did not go ahead and have children until this is all settled. I am also suggesting that throwing a baby into the mix with you in this state could have very disastrous results. First get th...
by Calm Man
Wed Jul 23, 2014 1:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Reaching Severe Burnout - Can I Scale Back Career?
Replies: 42
Views: 3432

Re: Wife returning to work - Wisconsin Retirement System qs

Just for clarification, is this system such that each employee has his/her own account so what you are investing is all your own and does not go into some general fund like most other states where you get an annuity (in whole or part)? If so that's good and then you would just invest it as a part of...
by Calm Man
Wed Jul 23, 2014 9:58 am
 
Forum: Investing - Help with Personal Investments
Topic: Wife returning to work - Wisconsin Retirement System qs
Replies: 9
Views: 458

Re: If Argentina Defaults

I do not know the politics of nor the inner workings of Argentinian business. I am dismayed to read several posters here who do not appear to have an axe to grind actually propose that the country operates in a literally mob-like manner. But I do know that Argentina has defaulted on its debts in the...
by Calm Man
Wed Jul 23, 2014 9:51 am
 
Forum: Investing - Theory, News & General
Topic: If Argentina Defaults
Replies: 21
Views: 1904

Re: If Argentina Defaults

What about betting on the Argentinian soccer team?
by Calm Man
Tue Jul 22, 2014 9:29 pm
 
Forum: Investing - Theory, News & General
Topic: If Argentina Defaults
Replies: 21
Views: 1904

Re: Help with fixing my portfolio

[OT comment removed by admin LadyGeek]
by Calm Man
Tue Jul 22, 2014 8:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with fixing my portfolio
Replies: 6
Views: 543

Re: Vanguard Account Owners - has this happened to you?

Wow. Glad they will reverse it. I have never heard of anything like that and as Id o not check my Vanguard nor banking accounts daily, it is very disquieting. OP, could you please ask your Flagship re to explain to you WHAT HAPPENED? And could you then tell us?
by Calm Man
Tue Jul 22, 2014 8:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard Account Owners - has this happened to you?
Replies: 17
Views: 2536

Re: Inheritance: Cash or Investments?

OP, listen to livesoft on this one (and almost anything). If you get it in cash, the executor will have to do the tax filing for all of the sales, investments, etc and you start with a fully clean slate.
by Calm Man
Tue Jul 22, 2014 7:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Inheritance: Cash or Investments?
Replies: 15
Views: 1277

Re: Thoughts on [not] rebalancing

I think it's fine not to rebalance. Particularly at the time that is most beneficial, where if the asset falling (say stocks in a big crash) keeps falling and you might bail out. Here is the problem with never rebalancing, which I am beginning to ponder: Let's say you are 50/50 (I'm guilty). And you...
by Calm Man
Tue Jul 22, 2014 2:47 pm
 
Forum: Investing - Theory, News & General
Topic: Thoughts on [not] rebalancing
Replies: 12
Views: 658

Re: Intimidated by Trustee and Investment Advisor

OP, I have read this a few times. There is a lot at stake here. It is possible, but not certain, that you are being robbed. Maybe not. At this point, you can relieve your anxieties by simply getting your own lawyer who has a responsibility to you and you only. Pay him/her by the hour. It will be wi...
by Calm Man
Tue Jul 22, 2014 2:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Intimidated by Trustee and Investment Advisor
Replies: 32
Views: 3667

Re: Slice and Dicers -- Plans when you can't manage it anymo

OP, you are speaking as though your wife is mentally defective. I doubt she is. Why don't you give her a chance? That said, I see no reason to be more complicated than a 3-fund or even 2-fund portfolio.
by Calm Man
Tue Jul 22, 2014 1:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Slice and Dicers -- Plans when you can't manage it anymore?
Replies: 38
Views: 2143

Re: Buying in ok neighborhood vs good neighborhood

No way I'm paying 620K (or 400K or zero K) to be 8 blocks from an area with Your words):
Burglary and theft from motor vehicle
Retail theft
burglary to garage or apt
Armed robbery
Aggravated assault.

At least I don't see murders on the list. But still. Are you kidding?
by Calm Man
Tue Jul 22, 2014 12:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying in ok neighborhood vs good neighborhood
Replies: 27
Views: 1657

Re: VMMXX: Finally Pulled the Trigger

What's wrong with keeping cash in a money market?
by Calm Man
Mon Jul 21, 2014 10:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: VMMXX: Finally Pulled the Trigger
Replies: 20
Views: 2641

Re: Beneficiaries

Why don't you trust your spouse to look after your kids should you die? Looking after them doesn't mean she can't remarry and use the money she inherited on her new husband, his kids from a previous marriage, and the kids they will have together. Oh, and if anything is left over, a tuppence for the...
by Calm Man
Mon Jul 21, 2014 10:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Beneficiaries
Replies: 23
Views: 1333

Re: Intimidated by Trustee and Investment Advisor

OP, I have read this a few times. There is a lot at stake here. It is possible, but not certain, that you are being robbed. Maybe not. At this point, you can relieve your anxieties by simply getting your own lawyer who has a responsibility to you and you only. Pay him/her by the hour. It will be wil...
by Calm Man
Mon Jul 21, 2014 9:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Intimidated by Trustee and Investment Advisor
Replies: 32
Views: 3667

Re: How to track expenses to the penny?

I would suggest that tracking spending to the penny is a losing mentality. Until you can get past that, I think you're not in good shape. Rather, round off to the nearest -- you fill in the blanks.
by Calm Man
Mon Jul 21, 2014 9:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to track expenses to the penny?
Replies: 40
Views: 2528

Re: How would you handle this situation if it was you.

You are in a tough situation. However, I would not ever by "a crappy house" (your words). I also would suggest you move out of the basement with no kitchen and into a real apartment. One thing that you maybe didn't consider was the cost of the car. Gee, your car loan alone is more than you...
by Calm Man
Mon Jul 21, 2014 5:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: How would you handle this situation if it was you.
Replies: 15
Views: 1930

Re: Hw many credit cards to own?

I have had one for the last 20 years. I like simplicity. One automatic debit per month to pay it. It is a Chase Freedom Card. I know I don't get maximal possible benefits but I don't care. I will never borrow any money for anything ever again but I know your credit score gets checked on occasion, fo...
by Calm Man
Mon Jul 21, 2014 4:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Hw many credit cards to own?
Replies: 68
Views: 3754

Re: Downsizing to Apartment

I downsized somewhat unintentionally when I had a divorce about 5 years ago. It wasn't as big a downsize as it should have been as it is a 3 bedroom apartment (well I thought my daughters would sleep here on occasion - they have once in 5 years). But not having to take care of anything except call t...
by Calm Man
Mon Jul 21, 2014 3:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Downsizing to Apartment
Replies: 15
Views: 1810

Re: Bond strategy resilient to rate increase

Many of us are interested in how this works out if you actually do it. It would seem to me that the rates will change only if the announcement differs from the expectations. The expectations are usually right from what I've seen, leading me to believe that there is an informal or tacit understanding...
by Calm Man
Mon Jul 21, 2014 3:24 pm
 
Forum: Investing - Theory, News & General
Topic: Bond strategy resilient to rate increase
Replies: 13
Views: 1445

Re: Should I open a solo 401k?

I might or might not bother depending on whether this will be for many years or just one. Here's why: You already recognize that you cannot make the Employee contribution again. So all you can do for the solo is 20% of your net profit for your moonlighting. That is a max of 7K. Now if you know you w...
by Calm Man
Mon Jul 21, 2014 3:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I open a solo 401k?
Replies: 9
Views: 668

Re: Helping My Grandmother

I live in NJ so I know it is costly. I agree with you OP that she simply can't put her limited funds into the mortgage. I also don't think I like your idea about putting her in stocks at all. There's just not enough there. It sounds to me like your grandmother, who is a home owner and drives a car,...
by Calm Man
Mon Jul 21, 2014 11:57 am
 
Forum: Investing - Help with Personal Investments
Topic: Helping My Grandmother
Replies: 54
Views: 3115

Re: American in need of Premier team to root for

I started watching the Premier League last year when they became a fixture on Saturdays and Sundays on NBC sports. In fact there are usually 2 time slot of games on Saturday, 1 or 2 on Sunday, and "Monday night soccer" in the UK which is on TV here at 3 PM. EVERY game is on TV, either on N...
by Calm Man
Mon Jul 21, 2014 11:47 am
 
Forum: Personal Consumer Issues
Topic: American in need of Premier team to root for
Replies: 21
Views: 1026

Re: Pet fish recommendations

This comes from an animal lover. Better might be to show the child what it is for a fish to live in a mayonnaise jar as some are suggesting. You can show them the fish in a store (usually in a big tank) and ask the child how do they think the fish would feel if limited to a small jar or bow. Maybe t...
by Calm Man
Sun Jul 20, 2014 9:43 pm
 
Forum: Personal Consumer Issues
Topic: Pet fish recommendations
Replies: 22
Views: 1599

Re: Helping My Grandmother

I live in NJ so I know it is costly. I agree with you OP that she simply can't put her limited funds into the mortgage. I also don't think I like your idea about putting her in stocks at all. There's just not enough there. It sounds to me like your grandmother, who is a home owner and drives a car, ...
by Calm Man
Sun Jul 20, 2014 9:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Helping My Grandmother
Replies: 54
Views: 3115

Re: RMDs on Vanguard Inherited IRA

Is this an inherited IRA that you inherited this year, so that the first RMD is next year? I had something similar at Fidelity. The auto-RMD function could not be set up until after that first calendar year was past and the IRA value on 12/31/2013 was available. So for you, do you have to wait unti...
by Calm Man
Sun Jul 20, 2014 12:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: RMDs on Vanguard Inherited IRA
Replies: 21
Views: 1074

Re: RMDs on Vanguard Inherited IRA

I do the RMD calculation myself, but Vanguard also does it for me. I had three siblings who also were beneficiaries of my Dad's IRA, so I was not the sole beneficiary. I think Vanguard means the sole beneficiary of the (new) inherited IRA (i.e., only your name and the original owner's name appears ...
by Calm Man
Sun Jul 20, 2014 11:34 am
 
Forum: Personal Finance (Not Investing)
Topic: RMDs on Vanguard Inherited IRA
Replies: 21
Views: 1074

Re: RMDs on Vanguard Inherited IRA

I think this is you. Other designated beneficiary. Use the life expectancy listed in the table next to the beneficiary's age as of his or her birthday in the year following the year of the owner's death. Reduce the life expectancy by one for each year since the year following the owner's death. Did...
by Calm Man
Sat Jul 19, 2014 7:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: RMDs on Vanguard Inherited IRA
Replies: 21
Views: 1074

Re: RMDs on Vanguard Inherited IRA

There are 2 other siblings, who frankly had no right to be born !!!! Firstborn children have been found to be responsible, assertive, task-oriented, perfectionistic, and supporters of authority. Because they often look after their younger siblings, they get experience leading and mentoring others, ...
by Calm Man
Sat Jul 19, 2014 7:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: RMDs on Vanguard Inherited IRA
Replies: 21
Views: 1074

Re: RMDs on Vanguard Inherited IRA

Final questions -- 2 of them. So I found the Table of Single Life Expectancy for IRAs for beneficiaries. Good enough. Now, in year 2015 (the first year I have to take the RMD), I begin the year at age 62 and if I live will turn 63 during the year. From what I am reading it indeed seems that I would ...
by Calm Man
Sat Jul 19, 2014 7:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: RMDs on Vanguard Inherited IRA
Replies: 21
Views: 1074

Re: RMDs on Vanguard Inherited IRA

Thank you all. Indeed, I am NOT the sole beneficiary. There are 2 other siblings, who frankly had no right to be born !!!! So it sounds like I am on my own. I am therefore I think going to view it as a nuisance account as it is about 1% of my total assets and just accelerate its removal.
by Calm Man
Sat Jul 19, 2014 6:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: RMDs on Vanguard Inherited IRA
Replies: 21
Views: 1074

RMDs on Vanguard Inherited IRA

There is another thread going on about RMDs but it is very long. I wanted to isolate this matter. Some people in the other thread mentioned that they were taking RMDs with inherited IRAs. I have an inherited at Vanguard that I must begin taking RMDs next year (I am under 70.5). The calculation is a ...
by Calm Man
Sat Jul 19, 2014 5:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: RMDs on Vanguard Inherited IRA
Replies: 21
Views: 1074

Re: I was tempted to market time and didn't

It is fine to have some side account for "action". Just when were you going to exercise your strategy this time. The market closed down on Thursday - you then concluded that it was a good time to buy - good decision. By the time the markets opened Friday, they were up. The only way you cou...
by Calm Man
Sat Jul 19, 2014 4:26 pm
 
Forum: Investing - Theory, News & General
Topic: I was tempted to market time and didn't
Replies: 19
Views: 1806

Re: Divesting Stock with Sentimental Value

OP, I am glad you are showing her this thread. Please have her read this. I would indeed keep this separate in all ways including as part of your allocation. It sounds like you have children or plan to. OK mom, here you go. You and OP's marriage might fail. But let's assume it doesn't. Let's recogni...
by Calm Man
Sat Jul 19, 2014 2:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Divesting Stock with Sentimental Value
Replies: 39
Views: 1837
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