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Re: Unable to access Vanguard funds

If Vanguard is not doing what they need to resolve your account access, I would go straight to another company and transfer my accounts. Except that it may not be easy to transfer accounts that don't "exist". I'll grant you that I have never had this problem, but I suspect there is a comm...
by Dale_G
Mon Sep 29, 2014 6:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Unable to access Vanguard funds
Replies: 6
Views: 500

Re: Fidelity Puritan in IRA after retirement

Puritan is a good fund, but tax efficiency in an IRA or 401k is meaningless because no taxes are due on the current income. Your plan to hold equity funds in the taxable account is correct from the tax efficiency standpoint. If you need to hold more bonds in the IRA/401k as a result to adding new fu...
by Dale_G
Mon Sep 29, 2014 1:46 am
 
Forum: Investing - Help with Personal Investments
Topic: Fidelity Puritan in IRA after retirement
Replies: 6
Views: 404

Re: Read too many books... help untangle

I've been investing for a long time, and my assets now amount to about 3 times my gross lifetime earnings as a wage slave. There was some stupidity in my early years and it was only in the last 25 years or so that low cost index investing became easily available. I never "tilted", the simp...
by Dale_G
Sat Sep 27, 2014 6:57 pm
 
Forum: Investing - Theory, News & General
Topic: Read too many books... help untangle
Replies: 35
Views: 2331

Re: Heating duct cleaning for an old house

Ive owned homes with forced air heating cooling for more than 40 years. At my wife's insistence I've occassionally pulled some of the registers and inspected the first 10 feet or so of the ducts. I've never found more than a few "dust bunnies". It is easy enough to take a look. In any case...
by Dale_G
Fri Sep 26, 2014 9:26 pm
 
Forum: Personal Consumer Issues
Topic: Heating duct cleaning for an old house
Replies: 3
Views: 336

Re: New VG upgraded account feature - shows "in progress"?

I won't be upgrading: You’ll no longer be able to receive Vanguard fund distributions by check, by automatic transfer to your bank account, or by automatic reinvestment into another Vanguard fund. If you currently use these services, after the upgrade we’ll move the Vanguard fund distributions to yo...
by Dale_G
Thu Sep 25, 2014 11:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: New VG upgraded account feature - shows "in progress"?
Replies: 13
Views: 1014

Re: Inheritance advice

regthirteen, take a really deep breath, then take another one for good measure. I am sure a whole lot of people in your situation with a big hunk of new money, and little investing experience, would have done exactly the same thing. There will be no lasting harm. For the time being leave the money i...
by Dale_G
Thu Sep 25, 2014 11:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Inheritance advice
Replies: 5
Views: 890

Re: 3 Fund Portfolio Vs. Vanguard Advisor Recommendations

JaneyLH, you have it about right. When experts disagree, it probably doesn't make much difference. Total Bond market is probably fine, but I own Intermediate Investment grade, High Yield, and Short Term Investment Grade in addition to Total Bond Market. The bond market is brutally efficient, so the ...
by Dale_G
Wed Sep 24, 2014 12:35 am
 
Forum: Investing - Help with Personal Investments
Topic: 3 Fund Portfolio Vs. Vanguard Advisor Recommendations
Replies: 15
Views: 1631

Re: Employer finding out you have a financial cushion?

In my semi-grownup days (over the age of 30) I always made it a point to let my employer know that I worked for fun, not because I had to - as in, "When the fun stops, I stop working". It worked well for me, but maybe only because I never worked in later life for an outfit that based layof...
by Dale_G
Wed Sep 24, 2014 12:11 am
 
Forum: Personal Finance (Not Investing)
Topic: Employer finding out you have a financial cushion?
Replies: 72
Views: 8126

Re: Can anyone help w/ Debt & Credit Score?

snip .... but in general most people can negotiate their own settlements especially if we are just talking about a few accounts. Call up, tell them you're broke but can come up with a third of the bill if they will settle for that. Maybe they push and you agree to pay half. This is very bad advice ...
by Dale_G
Tue Sep 23, 2014 11:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can anyone help w/ Debt & Credit Score?
Replies: 19
Views: 1030

Re: Dan Wiener

And do not give him your email address. Following the link to "unsubscribe" in his emails doesn't unsubscribe. Apparently it just lets him know that your email address is live, so he redoubles his effort to ensnare you. I send his emails to "junk", but it is a waste of bandwidth....
by Dale_G
Tue Sep 23, 2014 4:00 pm
 
Forum: Investing - Theory, News & General
Topic: Dan Wiener
Replies: 18
Views: 2095

Re: Variable Annuity: add to it? why?

One thing I would consider consider is what the guaranteed interest rate is at the time of annuitization. Older contracts may have interest rates are above market at the time of annuitization. I am talking about actual interest rates rather than the phony-baloney rate of return that includes a retur...
by Dale_G
Sat Sep 20, 2014 6:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Variable Annuity: add to it? why?
Replies: 13
Views: 561

Re: Estimated SS COLA for 2015

I wish my grocery store based prices on cpi :D

In any case I expect an increase in medicare insurance will eat up any increase in the SS "payment".

Dale
by Dale_G
Wed Sep 17, 2014 6:26 pm
 
Forum: Investing - Theory, News & General
Topic: Estimated SS COLA for 2015
Replies: 11
Views: 1116

Re: Jason's Zweig's new dictionary ---enjoy

Wow! This is definitely worth a bookmark.

If I fall asleep while watching TV and accidentally end up on CNBC, I'll know what they are talking about.

Dale
by Dale_G
Wed Sep 17, 2014 3:36 pm
 
Forum: Investing - Theory, News & General
Topic: Jason's Zweig's new dictionary ---enjoy
Replies: 27
Views: 2489

Re: Hearing aids - for those that use them

Thank all of you for responding, and especially for the VA tips - and it looks like Costco is a good backup. Yes, I will see an Audiologist. For fun I did take a couple of on line hearing tests. This one http://myhearingtest.net/ seems decent for a rough view. With reference to my hearing at 250 Hz,...
by Dale_G
Sun Sep 14, 2014 10:10 pm
 
Forum: Personal Consumer Issues
Topic: Hearing aids - for those that use them
Replies: 29
Views: 1773

Hearing aids - for those that use them

So, a long time ago I spent too much time within 3 feet of the muzzle of 30 and 50 caliber machine guns, and a bit farther away from mortars and howitzers. Basically my hearing is "shot". It doesn't bother me much except these days my spouse has taken up mumbling and the TV talking heads t...
by Dale_G
Sun Sep 14, 2014 12:51 am
 
Forum: Personal Consumer Issues
Topic: Hearing aids - for those that use them
Replies: 29
Views: 1773

Re: Ethics of Multi-Generational Tax Optimization

I am 77 and don't see any likelihood that I will ever be in a lower tax bracket than my heirs. But if I were in a lower bracket than what I expect the heirs to be in, I would be glad to do Roth conversions for their eventual benefit. If I get to the point when I "didn't think of this", I w...
by Dale_G
Sat Sep 13, 2014 11:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Ethics of Multi-Generational Tax Optimization
Replies: 23
Views: 1827

Re: I've never been a fan of commodity funds

And often when the outcome is bad, it is because the strategy is bad.

Bad strategies lead to bad outcomes more often than good strategies lead to good outcomes.

Get it? If not, stick with the bad strategy.

Dale
by Dale_G
Thu Sep 11, 2014 11:25 pm
 
Forum: Investing - Theory, News & General
Topic: I've never been a fan of commodity funds
Replies: 28
Views: 2308

Re: POLL : SP500 next : 1900 or 2200?

Everyone who voted 1900 has sold their shares to buy them back at 1900, I presume? No. I don't do anything based on what I guess or what the probabilities are, so I am not selling equities. The market decides for me. But, assuming bonds stay the same, the S&P500 has to go to about 1740 before I...
by Dale_G
Sun Sep 07, 2014 6:00 pm
 
Forum: Investing - Theory, News & General
Topic: POLL : SP500 next : 1900 or 2200?
Replies: 14
Views: 947

Re: Question about Jonathan Clements's article on rebalancin

A well written article by Jonathan Clements. He makes it clear that rebalancing from equities to bonds reduces risk at the cost of some reduction in potential returns. To answer the OP's question: I rebalance between equities and bonds in both directions - and I also rebalance between domestic and i...
by Dale_G
Sun Sep 07, 2014 4:57 pm
 
Forum: Investing - Theory, News & General
Topic: Question about Jonathan Clements's article on rebalancing
Replies: 8
Views: 973

Re: POLL : SP500 next : 1900 or 2200?

Since a move to 1900 is only 5% and a move to 2200 is 10%, I suspect that 1900 is almost twice as likely.

Dale
by Dale_G
Sat Sep 06, 2014 9:46 pm
 
Forum: Investing - Theory, News & General
Topic: POLL : SP500 next : 1900 or 2200?
Replies: 14
Views: 947

Re: Poll: Cash Holdings

My cash holdings consist of checking accounts and money market funds. As a percentage of invested assets, the cash position rounds to zero. I am retired however, and SS + tiny pension + annuity + RMDs amount to far more than our ordinary living expenses. I looked back at my records of 13 years ago a...
by Dale_G
Sat Sep 06, 2014 9:41 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: Cash Holdings
Replies: 65
Views: 3637

Re: Considering divesting international position...

So International equity fund performance has trailed that of domestic funds for some time. I guess that is why this old-timer has been rebalancing out of domestic funds and moving the proceeds to international for a couple of years now. It is not easy to sell "leaders" and buy "lagger...
by Dale_G
Sat Sep 06, 2014 7:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Considering divesting international position...
Replies: 12
Views: 593

Re: Own individual stocks? Advisor recommends 20% in blue ch

I have an advisor who is recommending keeping 15%-20% of our portfolio in quality blue chip individual stocks. Your advisor probably recognizes that he doesn't bring much to the party these days, so he brings up this "15%-20% blue chip stocks" thingy to justify the cost of his advice. Ind...
by Dale_G
Sat Sep 06, 2014 12:19 am
 
Forum: Investing - Help with Personal Investments
Topic: Own individual stocks? Advisor recommends 20% in blue chips?
Replies: 38
Views: 2659

Re: Annuity - Lump Sum vs. Regular Payments

DO NOT ANNUITIZE, NEVER and NEVER EVER ANNUITIZE. I am guessing that the annuity is variable or maybe an indexed.If so move most, like 80-90 to the annuity' s equivalence to cash. From the cash anisotropic with drawbacks. Alternatively, close annuity and ladder some CDs. Wrong wrong wrong . Annuiti...
by Dale_G
Fri Sep 05, 2014 11:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Annuity - Lump Sum vs. Regular Payments
Replies: 7
Views: 407

Re: POLL: What was the first stock you ever bought?

Atlas Consolidated Mining - a Philippine gold miner. I bought it sometime in 1960 - in the full folly of youth!

Dale
by Dale_G
Fri Sep 05, 2014 6:13 pm
 
Forum: Investing - Theory, News & General
Topic: POLL: What was the first stock you ever bought?
Replies: 74
Views: 2860

Re: Do I Even Need a Trust?

I don't know about California, but many states have Living Will, Health Care Directives and the like available on line. There are some advantages to trusts. There is some asset protection for grantees and removal of the assets from the estates of grantees. If the heirs are spendthrifts or have speci...
by Dale_G
Wed Sep 03, 2014 11:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do I Even Need a Trust?
Replies: 31
Views: 1958

Re: Estimated taxes / Vanguard information . . . HELP!

I guess I'm not explaining this very well. I just want to know if Vanguard reports capital gains before the IRS estimated tax due dates (4/15, 6/15, 9/15, and 1/15). The real problem being that the quarters are different lengths: 3, 2, 3, and 4 months long. Capital gains? Are you talking about capi...
by Dale_G
Wed Sep 03, 2014 11:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Estimated taxes / Vanguard information . . . HELP!
Replies: 20
Views: 864

Re: Variable annuity 100k in fees help (UPDATE)

It is too late for me to post much tonight Trevor. In the meantime I suggest that you take a deep breath and relax. There is no need to do anything immediately. Measure twice and cut once as the old adage goes.

I will post later.

Dale
by Dale_G
Tue Sep 02, 2014 11:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Variable annuity 100k in fees help (UPDATE)
Replies: 45
Views: 3143

Re: Asset Location Question - Out of Room?

I am pretty much in the same boat. My tax free/tax deferred accounts are 98.5% bonds. There isn't much room for rebalancing there! My taxable account is a mix of equity and muni funds. I assume you are not reinvesting the equity dividends in the equity funds the in the taxable account. Sending those...
by Dale_G
Mon Sep 01, 2014 10:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Asset Location Question - Out of Room?
Replies: 1
Views: 251

Re: Should I bite the bullet and pay 50k in fees?

Trevor, be very careful during your meeting with your "advisor". I looked at the Jackson Elite Access prospectus and at one of the Hartford Director prospectuses. There is no surprise here, both are typical high expense annuities. With a quick look it does not appear that the Jackson annui...
by Dale_G
Mon Sep 01, 2014 1:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I bite the bullet and pay 50k in fees?
Replies: 39
Views: 4156

Re: How to become a millionaire retiree -- then and now

I may as well take the record low starting salary until someone even more grown up shows up. My first job out of school as a EE in 1960 paid $6,000 a year - and we were supposed to work a half day on Saturday. Yeah, a defense contractor out west paid $7,200, but those jobs were almost temporary in n...
by Dale_G
Sun Aug 31, 2014 11:09 pm
 
Forum: Investing - Theory, News & General
Topic: How to become a millionaire retiree -- then and now
Replies: 67
Views: 9941

Re: Should I bite the bullet and pay 50k in fees?

I think dickenjb has nailed what happened: OK I think I figured it out. You inherited an annuity and your soon-to-be-former advisor had you cash it out. You had to pay taxes at that time on the appreciation since there is no step up in basis on death. No 10% early withdrawal penalty since you inheri...
by Dale_G
Sat Aug 30, 2014 6:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I bite the bullet and pay 50k in fees?
Replies: 39
Views: 4156

Re: Anyone used Vanguard Flagship Services With Portfolio $1

One of the nice features of being a Flagship client is the ability to have other family members under your "Flagship Umbrella", which means they also get Flagship perks even though they don't have the $1mm invested at Vanguard. It was "family members" years ago, but I believe it...
by Dale_G
Sat Aug 30, 2014 3:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Anyone used Vanguard Flagship Services With Portfolio $1M+
Replies: 41
Views: 4327

Re: Help with Vanguard Annuity decision

boomergeneration, my 1999 Vanguard VA also permitted a "partial annuitization". If your contract also permits this, you could annuitize some portion the assets using any one of the annuity options - maybe for a 5 or 10 year designated period. If interest rates go up, Monumental may increas...
by Dale_G
Fri Aug 29, 2014 1:07 am
 
Forum: Investing - Help with Personal Investments
Topic: Help with Vanguard Annuity decision
Replies: 7
Views: 729

Re: Help with Vanguard Annuity decision

If the terms and options are identical, I am a little surprised that a "new" annuity would pay out more than a 10 year old Vanguard variable annuity given today's low interest rates. Take a good look at the "Annuity Tables" that are included in your annuity contract. Make sure yo...
by Dale_G
Thu Aug 28, 2014 6:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with Vanguard Annuity decision
Replies: 7
Views: 729

Re: Market Corrections — Befriending the Beast

Nice charts - I am a little surprised at the number of years that don't even have a 15% "correction". The data don't bode well for those who are waiting to invest at lower prices.

Dale
by Dale_G
Tue Aug 26, 2014 3:14 pm
 
Forum: Investing - Theory, News & General
Topic: Market Corrections — Befriending the Beast
Replies: 18
Views: 2900

Re: Paul Krugman's "Hawks Crying Wolf"

mxa01 wrote:Personally, I look forward to a return to "normal" inflation of three to five per cent so my Stable Value funds start earning more than 2% ;)


I hope you are joking, but 5% inflation is no joke.

Dale
by Dale_G
Sun Aug 24, 2014 11:48 am
 
Forum: Investing - Theory, News & General
Topic: Paul Krugman's "Hawks Crying Wolf"
Replies: 5
Views: 1137

Re: What to consider while purchasing an existing business?

fourwedge, I don't want to throw cold water on this venture, but you really have to do due diligence. It is your money, but a mistake could cost you a lot of heartache and far more than $50,000. What is the form of the business. Is it a sole proprietorship, partnership, LLC or corporation. Are you b...
by Dale_G
Fri Aug 22, 2014 1:49 am
 
Forum: Personal Finance (Not Investing)
Topic: What to consider while purchasing an existing business?
Replies: 50
Views: 3930

Re: Why only stocks in a taxable account at retirement?

Stuff changes. When I retired in 2001, my end of year holdings were 18% taxable and 82% tax deferred/tax free. The taxable accounts primarily held equity funds and the tax preference funds held a mix of equities and bonds. Today (about 13 years later) the mix is 68% taxable and 38% tax deferred/tax ...
by Dale_G
Wed Aug 20, 2014 5:52 pm
 
Forum: Investing - Theory, News & General
Topic: Why only stocks in a taxable account at retirement?
Replies: 26
Views: 1877

Re: Would you buy these funds that were recommended?

JenMom, your advisor may not be a bad person, he has a family to feed or maybe just payments on his BMW. You are a potential source of those funds. You are very wise not to invest with him. It is your money and you should keep as much of it for yourself as possible. I agree with nisiprius, don't bot...
by Dale_G
Mon Aug 18, 2014 6:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Would you buy these funds that were recommended?
Replies: 30
Views: 1530

Re: Vanguard Agent Authorization

I (we?) have done successive logins for as long as Vanguard has had internet access - up to 30 odd years ago. I think there must be something more involved in the OP's incident.

Dale
by Dale_G
Mon Aug 18, 2014 6:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard Agent Authorization
Replies: 40
Views: 2725

Re: Choosing and paying an executor

I suspect you can also specify a dollar amount as the fee.

I have the impression that fees are negotiable and that State mandated fees are the maximum that could be charged without judicial review. Wrong?

Dale
by Dale_G
Mon Aug 18, 2014 2:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Choosing and paying an executor
Replies: 10
Views: 873

Re: Point of clarification - ETFs in Roth

Correct, you cannot convert ETF shares to mutual fund shares. But in the Roth, there are no tax consequences if you sell the ETF and then buy the mutual fund. You will have to wait 3 days however for the money from the sale of the ETF to become available to buy the mutual fund.

Dale
by Dale_G
Sat Aug 16, 2014 3:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Point of clarification - ETFs in Roth
Replies: 12
Views: 582

Re: Need Advice RE Investment Advisor...or not

The Target Retirement funds are an excellent choice. The 2020 fund is about 60% equities - and that might be about right for you. "Management" of the fund will require no effort, but you might want to spend 10 minutes each quarter to look at the quarterly reports. I have plenty of time, so...
by Dale_G
Fri Aug 15, 2014 6:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need Advice RE Investment Advisor...or not
Replies: 10
Views: 766

Re: Tangible vs Intangibles when choosing an investment comp

toto238 wrote:Social relationship you have with an advisor/broker


I would be very careful with this one. Investing should be strictly a business matter. You have to be able to ask hard questions of your advisor - and be willing to fire him/her at anytime.

Dale
by Dale_G
Fri Aug 15, 2014 3:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tangible vs Intangibles when choosing an investment company
Replies: 18
Views: 779

Re: Re-title Vanguard Brokerage account

I did the reverse whadyaknow, - moved funds from the living trust accounts into personal accounts.

Yup there is a form for that. The Vanguard rep is right. No hassle.

Dale
by Dale_G
Wed Aug 13, 2014 10:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Re-title Vanguard Brokerage account
Replies: 3
Views: 389

Re: Advice for my mother (Widowed @ 62)

where do you live? There may be local offices of major firms that will not rip you off.

Dale
by Dale_G
Wed Aug 13, 2014 5:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice for my mother (Widowed @ 62)
Replies: 13
Views: 1385

Re: Changed Roth to Vanguard: 1 month later 2 cent check

Let it go. In the worst case you will receive a 1099 that shows the 2 cent disbursement. The 0.2 cent penalty will not apply since you are entitled to remove Roth contributions at any time. But is good to know that you previous custodian was not interested in ripping you off for another 2 cents. Dale
by Dale_G
Wed Aug 13, 2014 10:34 am
 
Forum: Investing - Help with Personal Investments
Topic: Changed Roth to Vanguard: 1 month later 2 cent check
Replies: 13
Views: 1241

Re: BI: High Yield six-sigma event

Emergency circumstances. Vanguard funds can postpone payment of redemption proceeds for up to seven calendar days. In addition, Vanguard funds can suspend redemptions and/or postpone payments of redemption proceeds beyond seven calendar days at times when the NYSE is closed or during emergency circ...
by Dale_G
Tue Aug 12, 2014 6:23 pm
 
Forum: Investing - Theory, News & General
Topic: BI: High Yield six-sigma event
Replies: 24
Views: 2078
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