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Re: Vanguard Money Market Fund - keep open ?

Regarding the switch to all funds and everything in the brokerage account -- I have been resisting it despite encouragement from my Flagship rep. One of the few numbers I have memorized is the account # for all of my mutual funds, which is the same. I like my account # and would rather it not change...
by Calm Man
Tue Nov 25, 2014 11:53 am
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard Money Market Fund - keep open ?
Replies: 17
Views: 1488

Re: Turbo Tax - Returns for different people & different sta

If your mother's state tax return is relatively straightforward, the NYS Tax Department offers an easy to use interface where you can efile her return directly with them for free. http://www.tax.ny.gov/pit/efile/pit_webfile.htm Even though I had a free NYS module (with free state efile) included in...
by Calm Man
Tue Nov 25, 2014 11:26 am
 
Forum: Personal Consumer Issues
Topic: Turbo Tax - Returns for different people & different states
Replies: 6
Views: 623

Turbo Tax - Returns for different people & different states

I have always downloaded TurboTax for myself (I file a NJ state return) and done my mother's online (she lives in NY). I will need the Home & Business for 2014 while she will need a lesser version. I see now that TurboTax says you can file up to 5 federal returns. But it seems that one can downl...
by Calm Man
Tue Nov 25, 2014 10:48 am
 
Forum: Personal Consumer Issues
Topic: Turbo Tax - Returns for different people & different states
Replies: 6
Views: 623

Re: 23 year old... Can I afford a Rolex?

I cannot answer your question. I can say that as a man who is substantially older than you, I cannot imagine how somebody can have a value system that is so diametrically opposed to mine.
by Calm Man
Sat Nov 22, 2014 8:47 pm
 
Forum: Personal Consumer Issues
Topic: 23 year old... Can I afford a Rolex?
Replies: 167
Views: 11277

Re: Trapped deciding between 2 Jobs: Can I renege on my offe

OP, I would like you to make sure that B really does have professional development. A contract job means that you are not an employee and development has to be limited because otherwise you are an employee. And although many people do not care, this company is funded a lot by the government and they...
by Calm Man
Wed Nov 19, 2014 6:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Trapped deciding between 2 Jobs: Can I renege on my offer?
Replies: 36
Views: 2926

Re: Seeking advice on denied medical/dental insurance claim

OP, I would simply be prepared to pay. Period. That is if you do have a procedure and continued PT. (Does the PT help?) I have looked through various sites and went to a very fine source which is Aetna that publishes a lot of guidelines on what they cover and what they do not. It is very clear that ...
by Calm Man
Wed Nov 19, 2014 6:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Seeking advice on denied medical/dental insurance claim
Replies: 3
Views: 515

Re: Vanguard restates Individual 401(k) plan doc

I called. They said it was a formality. I trust Vanguard. I just signed it and mailed it in. I didn't even keep the large document.
by Calm Man
Sun Nov 02, 2014 8:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard restates Individual 401(k) plan doc
Replies: 3
Views: 705

Re: Career change: realistic expectations and risks

OP, I do not know much about the military or work in IT. I for out of going to the military because so student deferments. I use IT of course. I would figure that computer companies want people current in software. It's almost like the younger the better. Every day you spend in the military, while i...
by Calm Man
Thu Oct 30, 2014 9:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Career change: realistic expectations and risks
Replies: 27
Views: 2826

Re: Choosing between Pension or Matched funds for retirement

I cannot give you an answer. What I can do is to suggest to you that I do not believe that any defined benefit plan, be it private or public, is guaranteed to not be changed in the next bunch of years. Note that the prior statement does not mean taking away vested benefits but simply changed going f...
by Calm Man
Mon Oct 27, 2014 5:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Choosing between Pension or Matched funds for retirement
Replies: 4
Views: 557

Re: NJ - Buying house in flood zone (FEMA)?

I live in Mercer County NJ and was not aware we had flood zones here as we are so far inland and for the most part not near bodies of water.. Mercer County NJ borders the Delaware River. There are section of homes between Route 29 and the river near Sullivan Way that have been flooded numerous time...
by Calm Man
Fri Oct 24, 2014 8:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: NJ - Buying house in flood zone (FEMA)?
Replies: 48
Views: 2763

Re: Elder Law attorney (Trusts, Medicaid, nursing homes)

I am almost 62. I cannot conceive, that 2 years from now. I would impoverish myself on paper (OPs words) to get Medicaid to potentially pay for my nursing home in 20 years and have to ask my child to write checks for me until then. I do not even want to get tot the ethics of this, which is making me...
by Calm Man
Fri Oct 24, 2014 7:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Elder Law attorney (Trusts, Medicaid, nursing homes)
Replies: 30
Views: 2013

Re: NJ - Buying house in flood zone (FEMA)?

I live in Mercer County NJ and was not aware we had flood zones here as we are so far inland and for the most part not near bodies of water.. Are you absolutely certain that the basement has never flooded (people sometimes tell mistruths on disclosures)? But also, you have mandatory flood insurance ...
by Calm Man
Fri Oct 24, 2014 11:24 am
 
Forum: Personal Finance (Not Investing)
Topic: NJ - Buying house in flood zone (FEMA)?
Replies: 48
Views: 2763

Re: Keep My 50/50 AA -- but modify the pieces

I think it's great. Others will argue, and perhaps correctly, that you would gain more diversification by adding international stocks (although generally they won't suggest international bonds). Maybe it would increase returns a tad, maybe not. I love what you are doing.
by Calm Man
Thu Oct 23, 2014 9:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Keep My 50/50 AA -- but modify the pieces
Replies: 20
Views: 1609

Re: TSA [is it a hassle to opt out of scanning?]

Option 1: don't fly or have to deal with TSA at all. Option 2: get the scan and take the very slight carcinogenic risk (very small). You can call me "neurotic" but I get very anxious any time those 2 or 3 low tech containers are out of my sight. I have read too much about items being stole...
by Calm Man
Thu Oct 23, 2014 1:09 pm
 
Forum: Personal Consumer Issues
Topic: TSA [is it a hassle to opt out of scanning?]
Replies: 42
Views: 2256

Re: IBM: Stock Buybacks Gone Wrong?

Kodak. Xerox. IBM now probably. I simply have no clue what IBM has to offer any more that other more nimble companies do. I am unaware that I now have any products or services related to IBM or any of the businesses I work with. I see Dell or Lenovo computers, Microsoft office products, google drive...
by Calm Man
Tue Oct 21, 2014 9:21 pm
 
Forum: Investing - Theory, News & General
Topic: IBM: Stock Buybacks Gone Wrong?
Replies: 65
Views: 4151

Re: My First Aggressive Portfolio - Mid-Cap/Small-Cap Tilt

It is great to come up with these ideas and we tend to do this when young. I suggest that whatever you do, simply compare it to Taylor's 3-fund portolio with the same allocation and I really doubt you will outperform it. You may, you may not, it will probably be even minus any additional taxes and e...
by Calm Man
Tue Oct 21, 2014 8:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: My First Aggressive Portfolio - Mid-Cap/Small-Cap Tilt
Replies: 9
Views: 846

Re: Why include International Index in AA?

There are some, including Jack Bogle and Warren Buffet, who do not feel that you need international. A third revered person (Calm Man) also believes that you do not need international although I have Life Strategy Moderate Growth in my IRA and that has some international stocks and bonds.
by Calm Man
Tue Oct 21, 2014 6:21 pm
 
Forum: Investing - Theory, News & General
Topic: Why include International Index in AA?
Replies: 39
Views: 2830

Re: "Differentiated" vs. "Segregated" asset allocation

Thank you for posting this. I always find new analyses and approaches interesting. I wish they would have defined exactly what "Differentiated Asset Location" was or if they did, I couldn't find it or understand it.
by Calm Man
Tue Oct 21, 2014 1:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: "Differentiated" vs. "Segregated" asset allocation
Replies: 3
Views: 291

Re: Rebalancing with dividends

This is probably silly but when I look at the transaction history showing individual purchases for a fund, I prefer to have fewer of them and I like having them in round numbers. It's just easier for me to visualize.
by Calm Man
Sun Oct 19, 2014 8:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Rebalancing with dividends
Replies: 9
Views: 1416

Re: Thoughts on Paul Merriman's Portfolio

The 2 portfolios shown at the top of the post have 11 and 13 stocks. That seems like such a pain compared to a 2 or 3 funds portfolio. And the Merriman portfolios have specific percentages so rebalancing these must be a time consuming task with I presume tax consequences. I cannot imagine doing that...
by Calm Man
Sat Oct 18, 2014 6:41 pm
 
Forum: Investing - Theory, News & General
Topic: Thoughts on Paul Merriman's Portfolio
Replies: 38
Views: 2345

Re: If those airline passengers get sick- airline stocks wil

Fliers get sick all the time either due to turbulence, or excessive alcohol consumption, or both. This is the reason for airlines providing paper bags at each seat. Now, every case of sickness will be second-guessed as an exotic disease starting with letter E. Cleaning up after every case of sickne...
by Calm Man
Sat Oct 18, 2014 4:27 pm
 
Forum: Investing - Theory, News & General
Topic: If those airline passengers get sick- airline stocks will
Replies: 22
Views: 1765

Re: Help Create a Portfolio Generating 2,500 a month on 600K

OP, I do not think that you really mean all of what you wrote once you read what I say below. But if you did, I recommend that you consider removing yourself from involvement in this matter with your mother. 1. You indicated that you wanted a certain return on investment. Check. 2. You indicated tha...
by Calm Man
Sat Oct 18, 2014 4:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help Create a Portfolio Generating 2,500 a month on 600K
Replies: 22
Views: 3871

Re: Anyone cancelling travel plans?

I don't think that Ebola per se at the moment would be my chief concern. However, much as I have always been interested in potential cruises, I have avoided them and likely will continue to. Again, not Ebola but a slew of possibilities known and unknown. Unlike almost anything else, including an air...
by Calm Man
Sat Oct 18, 2014 1:49 pm
 
Forum: Personal Consumer Issues
Topic: Anyone cancelling travel plans?
Replies: 117
Views: 6432

Re: Maximum Number of Medicare Hospital Days

Jimb from ATL provided a great summary that he wrote. Indeed, usually the person is sent from the hospital to a facility that provides skilled nursing/rehab services for as long as it is medically necessary. Medically necessary is not simple, like a doctor saying so, because all doctors would say so...
by Calm Man
Wed Oct 15, 2014 6:51 pm
 
Forum: Personal Consumer Issues
Topic: Maximum Number of Medicare Hospital Days
Replies: 10
Views: 798

Re: Should I share financial info with potential guardian?

A lot of people deal with this type of matter. As a rule, I think unless you have a shortened life expectancy, I do not think it advisable to have somebody a generation older than you as guardian for somebody a generation younger than you. And this lady is described as clueless financially so she wo...
by Calm Man
Wed Oct 15, 2014 4:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I share financial info with potential guardian?
Replies: 5
Views: 758

Re: Fleeting RBD for large-cap US and emerging markets?

Kevin, nice post and here is a thought. First, I am not an RBD type of guy and do not even bother rebalancing. However, I think you are a mutual fund holder. In that case, it has to be closing price. Imagine a 20% decline midday and closing flat. If you bother with ETFs however, then you can act at ...
by Calm Man
Wed Oct 15, 2014 4:03 pm
 
Forum: Investing - Theory, News & General
Topic: Fleeting RBD for large-cap US and emerging markets?
Replies: 16
Views: 1253

Re: $72k in 3 fund or a $72k 2 bed/1 bath condo rented

OP, you might have time to do the work/bookkeeping, etc involved in the condo rental. You are young I take it. You likely will not make a great deal more with the condo than the 3 fund portfolio and possibly less. But you can guarantee you will spend more time on it, have more complicated tax filing...
by Calm Man
Wed Oct 15, 2014 3:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: $72k in 3 fund or a $72k 2 bed/1 bath condo rented
Replies: 21
Views: 1528

Re: -11.33% YTD, asking for some guidance

I'll try to help OP, but a lot of others have tried in this thread. You seem to be stuck in the idea of "losing" more or losing less. You are looking at different assets over a short period of time and making comparisons between funds. If you wanted to lose less recently, then you would ch...
by Calm Man
Wed Oct 15, 2014 3:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: -11.33% YTD, asking for some guidance
Replies: 57
Views: 3439

Re: Does "substantially identical" apply to combined securit

I believe that there is no chance that this would be viewed as a wash sale unless you yourself decided to declare it to be one. Who could possibly be in a position to declare it such otherwise?
by Calm Man
Tue Oct 14, 2014 12:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Does "substantially identical" apply to combined securities?
Replies: 31
Views: 1518

Re: Pension buyout help

OP, it is great that your parents are asking you questions and that you are trying to help. That said, I strongly recommend that you refer them to this site or possibly a fee only planner. Without realizing it, you have given them a completely incorrect explanation about rollovers to IRAs which migh...
by Calm Man
Tue Oct 14, 2014 12:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Pension buyout help
Replies: 6
Views: 256

Re: Now what? - Lost check to IRS

I learned this letter years ago. OP, I would wait a bit more and then in a few weeks if it hasn't cleared make a cost/benefit decision on stopping payment vs the estimated tax penalty. If it is a small payment, the penalty would be better. But here is what I learned a few years ago when my items sen...
by Calm Man
Tue Oct 14, 2014 7:52 am
 
Forum: Personal Finance (Not Investing)
Topic: Now what? - Lost check to IRS
Replies: 9
Views: 1182

Re: Leaning towards buying a 1-BR condo in Bay Area

How much does it cost?
by Calm Man
Mon Oct 13, 2014 8:25 pm
 
Forum: Personal Consumer Issues
Topic: Leaning towards buying a 1-BR condo in Bay Area
Replies: 21
Views: 2122

Re: Minimizing AMT impact

An increase in charity will definitely help. But you have hit part of the nail on the head without realizing it. Given that I live in the Northeast, where our tax burden is so high, there is no hope that I will ever escape the AMT. However, last year when I used TurboTax, I noticed that if I changed...
by Calm Man
Mon Oct 13, 2014 6:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Minimizing AMT impact
Replies: 18
Views: 2011

Re: Abigail Johnson Named Head of Fidelity Investments

If I owned Fidelity, I could not imagine possibly naming my daughter the head of it. Just kidding. We have no idea if she is good,, bad or neither. And if not good, you can be certain you won't be hearing about it. I sure wouldn't listen to somebody telling me not to name my daughter the head.
by Calm Man
Mon Oct 13, 2014 6:02 pm
 
Forum: Investing - Theory, News & General
Topic: Abigail Johnson Named Head of Fidelity Investments
Replies: 5
Views: 1108

Re: Shed into gym?

I think it is a good idea if he will use it. I just wonder how much gym space one man needs or could actually fill up? Some weights, a treadmill, what else? But in all fairness to the worker, I think that $2000 is far too little. I would pay him at least $5000.
by Calm Man
Mon Oct 13, 2014 6:00 pm
 
Forum: Personal Consumer Issues
Topic: Shed into gym?
Replies: 23
Views: 2138

Re: Preventing animals from chewing through garage threshold

Pardon my naievete here but several comments and even OP have thought that removing the food from the garage at all would help. How do the animals know the seed are in there if the garage door is closed? Do they smell it? If so, is there a way to have a scent of some type to dissuade them like preda...
by Calm Man
Mon Oct 13, 2014 5:52 pm
 
Forum: Personal Consumer Issues
Topic: Preventing animals from chewing through garage thresholds
Replies: 23
Views: 1563

Re: Bought a house, now time to think about retirement (help

You should be OK. You have just undertaken 2 of the greatest expenses you will have. A house and a child. Have a few more children and it will be tougher although others here will tell you not to worry about the costs of children. Good luck.
by Calm Man
Sun Oct 12, 2014 8:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Bought a house, now time to think about retirement (help)
Replies: 27
Views: 2001

Re: You may be getting charged rent for a router/modem you o

After about 4 years of service, even though I own my own modem, I began to get two modem notations on my bills: 1. Customer owned rental : 0 charge. 2. Modem rental fee $8. I called monthly and always got the call center with very polite people from the Philippines. Eventually I made them promise at...
by Calm Man
Sun Oct 12, 2014 4:39 pm
 
Forum: Personal Consumer Issues
Topic: You may be getting charged rent for a router/modem you own
Replies: 34
Views: 4020

Re: Need Help Responding to Debt Collector (for invalid requ

OP, you indicate that the subject line lead you to believe it involved the timeshare. What did it say that made you conclude that?
by Calm Man
Sun Oct 12, 2014 3:57 pm
 
Forum: Personal Consumer Issues
Topic: Need Help Responding to Debt Collector (for invalid request)
Replies: 11
Views: 1013

Re: Non performance by executrix

OP, can you clarify? When you say she is not responding do you mean that she will not answer the phone or an email? Did she used to talk to your spouse and now has stopped? Also, you mention vacations, new homes -- are you saying that this executrix has done that since the death and suspect she has ...
by Calm Man
Sat Oct 11, 2014 8:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Non performance by executrix
Replies: 39
Views: 3308

Re: Aca insurance/medicaid

I don't understand. Are the two of you actually considering the possibility of having no income (or profit as you are calling it)? How do you plan on meeting expenses as Medicaid is only for health insurance. And are you prepared to only be able to go to doctors who take Medicaid? What does your job...
by Calm Man
Sat Oct 11, 2014 4:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Aca insurance/medicaid
Replies: 13
Views: 1244

Re: convenience vs cost (Vanguard vs NY 529)

I would do exactly what you concluded..
by Calm Man
Sat Oct 11, 2014 4:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: convenience vs cost (Vanguard vs NY 529)
Replies: 8
Views: 984

Re: Gains and Losses from Periodic Investments

Greyfox, thank you very much for an excellent effort and sharing it with us.
by Calm Man
Sat Oct 11, 2014 2:54 pm
 
Forum: Investing - Theory, News & General
Topic: Gains and Losses from Periodic Investments
Replies: 13
Views: 1420

Re: Pension lump sum payout [and help with portfolio]

I would absolutely not wait for 30 years to get $310 a month regardless of whether it is a medical center in poor financial shape or Fort Knox paying me. I would want it out of my mind. I suggest rolling it to an IRA and investing it according to your desired asset allocation.
by Calm Man
Sat Oct 11, 2014 12:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: Pension lump sum payout [and help with portfolio]
Replies: 17
Views: 748

Re: Current market volatility

"You guys think we are in for more declines in the coming weeks? I actually just sold a bunch of my funds after the 2% increase on Wed and havent bought back in yet. I was about to do some rebalancing but im thinking i should maybe hold it in cash until things calm down a bit. My bonds have be...
by Calm Man
Sat Oct 11, 2014 12:34 pm
 
Forum: Investing - Theory, News & General
Topic: Current market volatility
Replies: 21
Views: 1769

Re: over-59.5 in-service withdrawal from 401K ?

The company 401K provider will almost certainly mail you the check even though you don't want it. Then you mail it to Vanguard. You will get a 1099R from the 401K provider. But you will report the gross as what you get and the taxable as zero. So there are no IRS problems but you do have to deal wit...
by Calm Man
Fri Oct 10, 2014 5:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: over-59.5 in-service withdrawal from 401K ?
Replies: 9
Views: 656

Re: "Vanguard converting mutual fund accounts to brokerage?

I don't want it !!! I only use MFs and I don't want the darned brokerage account nor have to look at it..
by Calm Man
Fri Oct 10, 2014 5:47 pm
 
Forum: Investing - Theory, News & General
Topic: "Vanguard converting mutual fund accounts to brokerage?
Replies: 105
Views: 12314

Re: Tax deduction (if any) of air commuting?

There are many people I know who have offices right near the home. It is fairly common in NYC almost de facto and in NJ where I am, there are these offices where you rent some space, have a desk and access to a printer, etc. That is completely legitimate and I have never done it but have thought abo...
by Calm Man
Thu Oct 09, 2014 6:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax deduction (if any) of air commuting?
Replies: 5
Views: 451

Re: Is a fall in portfolio value "only on paper"?

I don't believe the "only on paper" thing because I want my money to be real money and not fake-o money. After I read "Why Smart People Make Big Money Mistakes" by Gilovich and Belsky, I gave up a lot of bad habits such as this "only on paper" thing. In particular, I h...
by Calm Man
Thu Oct 09, 2014 5:20 pm
 
Forum: Investing - Theory, News & General
Topic: Is a fall in portfolio value "only on paper"?
Replies: 86
Views: 4058
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