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Re: Bad(?) advice given about Target Date Retirement funds

To me a glide path is an important reason why I like lifecycle funds, and an important reason why I recommend them to people for simplicity. I think on average a person needing basic advice is better off picking a lifecycle fund and then rebalancing later, vs. picking a life strategy fund and rebala...
by Iorek
Mon Aug 18, 2014 11:14 am
 
Forum: Investing - Theory, News & General
Topic: Bad(?) advice given about Target Date Retirement funds
Replies: 71
Views: 3951

Re: Tell Vanguard they need 2 factor authentication

I thought they had a version of 2 factor-- it's just that you don't notice it because trusted computers have a cookie on them (but logging in from a new computer would trigger it)?
by Iorek
Fri Aug 08, 2014 4:58 pm
 
Forum: Personal Consumer Issues
Topic: Tell Vanguard they need 2 factor authentication
Replies: 52
Views: 2317

Re: T. Rowe Price study says Roth generally better - thought

If you are maxing out at Roth 401(k) you are investing more money than if you max out a regular 401(k) because of those extra taxes you are paying now. In a sense, a Roth 401(k) allows you to invest more than the $17,500 maximum. :moneybag Even if your tax rate goes way down in retirement, those ta...
by Iorek
Fri Aug 08, 2014 2:14 pm
 
Forum: Investing - Theory, News & General
Topic: T. Rowe Price study says Roth generally better - thoughts?
Replies: 14
Views: 1018

Re: An 'Inversion' Deal Could Raise Your Taxes

columbia wrote:Do these companies move from TSM to TISM?


I don't know, but I did see someone say they thought inversions were a good thing for VG shareholders because they diversified their portfolios, which doesn't make a lot of sense to me.
by Iorek
Fri Aug 08, 2014 8:30 am
 
Forum: Investing - Theory, News & General
Topic: An 'Inversion' Deal Could Raise Your Taxes
Replies: 14
Views: 1113

Re: Riding the Rails--my Amtrak trip

I was just trying to sell my family on a train trip to Glacier-- looking forward to more reports!
by Iorek
Thu Aug 07, 2014 8:16 am
 
Forum: Personal Consumer Issues
Topic: Riding the Rails--my Amtrak trip
Replies: 78
Views: 9014

Re: An 'Inversion' Deal Could Raise Your Taxes

Yes, that's true, but only because, in the example the WSJ made up, shares you bought for $10 have been sold for $40, and since it's an acquisition agreed to by enough people you have no choice but to sell. The Journal cautions against being in such a position because the payment isn't in money but...
by Iorek
Wed Aug 06, 2014 3:32 pm
 
Forum: Investing - Theory, News & General
Topic: An 'Inversion' Deal Could Raise Your Taxes
Replies: 14
Views: 1113

Re: Which car would you choose?

Assuming the cars are equally nice to start, it seems the cost of ownership is a steady $2k/yr. In that case I would go with the 15 year one because in another 15 years chances are technology will have changed enough that I'll be happy to buy a new car.
by Iorek
Wed Aug 06, 2014 1:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Which car would you choose?
Replies: 13
Views: 699

Re: Vanguard sued for charging too little

And I just don't see how a state or federal taxing authority can stick its nose into internal management and demand higher rates that would produce a tax liability. This is really a normative argument. I don't know state tax law, so maybe it's possible, but it would be an odious policy at best. The...
by Iorek
Tue Aug 05, 2014 3:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard sued for charging too little
Replies: 173
Views: 19101

Re: Vanguard sued for charging too little

But, if Megacorp fully owned ABC, Inc. and XYZ, Inc., it could cause them to do whatever it wants, because it is beholden to no other shareholders, and all three entities would file one common tax return. I'm not sure what you mean by "all three entities would file one common tax return" ...
by Iorek
Tue Aug 05, 2014 10:41 am
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard sued for charging too little
Replies: 173
Views: 19101

Re: Stop Passing Up This Great Deal - In Money Magazine

Looked at the first page of the T Rowe Price study the article cites and it appears they used a very lazy (and Roth-favorable) way of estimating taxes on the taxable account (where the savings from a tIRA were invested): " a 25% tax is subtracted annually from the taxable account during the yea...
by Iorek
Tue Aug 05, 2014 10:16 am
 
Forum: Investing - Theory, News & General
Topic: Stop Passing Up This Great Deal - In Money Magazine
Replies: 80
Views: 10897

Re: Assistance Requested! First Time to US + NYC/DC

A lot of DC is very much unsafe. What tourist attractions do you know that are in unsafe areas? It's not that they're in unsafe areas... it's that they're unsafe-area-adjacent. A block or two in the wrong direction is a huge mistake (not unlike many other cities... just that in DC the unsafe areas ...
by Iorek
Fri Aug 01, 2014 7:46 am
 
Forum: Personal Consumer Issues
Topic: Assistance Requested! First Time to US + NYC/DC
Replies: 15
Views: 929

Re: Vanguard sued for charging too little

ASUGrad, I may be wrong but I don't think the funds themselves have any employees. AIUI, the people who do all the day to day management of the funds are employed by Vanguard.
by Iorek
Wed Jul 30, 2014 12:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard sued for charging too little
Replies: 173
Views: 19101

Re: help me sell my i series bonds

Here's an algorithm to help in answering this type of question, manuvns: ⋅ Enter I Bonds one year or older into my I Bond Portfolio Calculator . (To simplify the display, in your case I combined ones with the same purchase month.) ⋅ Run the macro to compute the redemption values...
by Iorek
Wed Jul 30, 2014 10:08 am
 
Forum: Investing - Help with Personal Investments
Topic: help me sell my i series bonds
Replies: 4
Views: 1004

Re: Stocks: losing money for 20-30 years not uncommon

Am I reading the chart wrong? It looks like the US worst case for 20 years was not loss, as the OP suggests, but a 19% gain?
by Iorek
Tue Jul 29, 2014 10:53 pm
 
Forum: Investing - Theory, News & General
Topic: Stocks: losing money for 20-30 years not uncommon
Replies: 43
Views: 4262

Re: Was ready to pull plug on Janus..until

Janus-- that's a blast from the past. I have to say in the 1990s I did very well with them, but not so much post-2000. I am a total buy and hold investor but they were one of the first and only investments I ever sold, because I lost confidence in how they made investment decisions. Anyway, there ar...
by Iorek
Tue Jul 29, 2014 4:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Was ready to pull plug on Janus..until
Replies: 66
Views: 4011

Re: Bank accounts: POD or Trust?

I would do POD if you want it passing outside the will (or rely on the terms of the will to put the money into trust if you don't want it going to minors).
by Iorek
Tue Jul 29, 2014 3:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Bank accounts: POD or Trust?
Replies: 2
Views: 504

Re: Annuities and asset allocation

I think the issue is very similar to the question of how to treat SS, so while there may be reasons to differ on how to treat SS for purposes of AA, I can't really think of a reason to treat an annuity differently from how you treat SS for purposes of AA?
by Iorek
Mon Jul 28, 2014 2:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Annuities and asset allocation
Replies: 32
Views: 1535

Re: I see a place

where they call it the War of Northern Aggression. A rose by any other name is still helping out a fellow man. Anyone can call it what they will I guess but it's not a good habit to say things that are stupid. Times and people change ... But they change slower in some parts of the country than othe...
by Iorek
Mon Jul 28, 2014 10:24 am
 
Forum: Personal Consumer Issues
Topic: Mecklenburg County, VA
Replies: 9
Views: 829

Re: Tips for incorpating a charity

I used to know some tax lawyers at a large firm who would semi-regularly do 501(c)(3) applications as a pro bono (free) service to charities.
by Iorek
Mon Jul 28, 2014 9:52 am
 
Forum: Personal Finance (Not Investing)
Topic: Tips for incorpating a charity
Replies: 10
Views: 522

Re: Kitchen Remodel... Or Not?

My initial thought was go for it - enjoy it, but a $70k kitchen remodel on a $250,000 home took me aback. If having a spectatular kitchen is worth it to you, I guess that's okay, but know that if you sold the place afterwards, you probably wouldn't get a third of that back. JT I admit I had somewha...
by Iorek
Mon Jul 28, 2014 9:48 am
 
Forum: Personal Consumer Issues
Topic: Kitchen Remodel... Or Not?
Replies: 53
Views: 2895

Re: Kitchen Remodel... Or Not?

I have started to realize that when we move out of our house, which hopefully won't be for 25-30+ years, it will be a tear down. Makes me a little sad to think about but I guess on other hand we don't have to worry about whether people like our decorating decisions. ;) I think longtimelurker gave so...
by Iorek
Mon Jul 28, 2014 8:53 am
 
Forum: Personal Consumer Issues
Topic: Kitchen Remodel... Or Not?
Replies: 53
Views: 2895

Re: Mutual fund account with Vanguard or MerrillEdge?

FYI, in case anyone did not mention this, is that ML probably has a fee for closing your account, so you might want to factor that into your calculations.
by Iorek
Fri Jul 25, 2014 4:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Mutual fund account with Vanguard or MerrillEdge?
Replies: 35
Views: 1784

Re: i bonds or EE bonds?

Which savings bond will give better return for the next 20 years?Which also means will inflation be over 4% on average over the next 20 year period? Remember EE bonds have guaranteed 20 year return John This was the OP. There's nothing there about choosing equity instead, or holding your savings bo...
by Iorek
Fri Jul 25, 2014 10:05 am
 
Forum: Investing - Theory, News & General
Topic: i bonds or EE bonds?
Replies: 46
Views: 6129

Re: Seeking sample retirement portfolios

I like this post ("150 portfolios better than yours") from EmergDoc.
by Iorek
Fri Jul 25, 2014 9:12 am
 
Forum: Investing - Help with Personal Investments
Topic: Seeking sample retirement portfolios
Replies: 13
Views: 1373

Re: Just purchased a condo. Insurance question

FWIW, when I lived in a condo I bought my HO-6 from the same company that the condo ass'n used for its insurance because I figured that way there would never be an argument between companies as to which policy should cover damage.
by Iorek
Sat Jul 19, 2014 10:29 am
 
Forum: Personal Finance (Not Investing)
Topic: Just purchased a condo. Insurance question
Replies: 10
Views: 961

Re: [Poll] % of 3 funds in your financial asset portfolio?

I counted ibonds as not part of the total, but not in 3-fund. Is that "right"?
by Iorek
Fri Jul 18, 2014 3:03 pm
 
Forum: Investing - Theory, News & General
Topic: [Poll] % of 3 funds in your financial asset portfolio?
Replies: 31
Views: 1723

Re: I-Bonds: Physical or Digital?

If you poke around this is discussed occasionally and I think it's fair to say it's a matter of personal preference but the differences are pretty minor. I converted mine because I thought they would be easier to manage and not to lose, esp. since the majority of our bonds are electronic, but some p...
by Iorek
Fri Jul 18, 2014 2:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: I-Bonds: Physical or Digital?
Replies: 5
Views: 636

Re: Withdraw from 529 or FL Prepaid for tuition by grandpare

My grandson is starting college this fall, would it be better to pay the school tuition from the Fl Prepaid account or his 529 plan. Does it even matter? he is going to college not a university and his prepaid plan covers university prices so he should have excess funds. He is hoping to go to a uni...
by Iorek
Tue Jul 15, 2014 2:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Withdraw from 529 or FL Prepaid for tuition by grandparent
Replies: 3
Views: 424

Re: POLL: Emerging Markets Tilt

I'd be curious if there was a poll option for underweighting emerging markets (which I do, but as much or more because of available investment vehicles in my retirement accounts as any philosophical decision).
by Iorek
Tue Jul 15, 2014 10:02 am
 
Forum: Investing - Help with Personal Investments
Topic: POLL: Emerging Markets Tilt
Replies: 12
Views: 763

Re: Estate planning book?

I think the Nolo Willmaker book is a good overview for wills and estates (even for people not using it as DIY will). The Willmaker I know is not a book; it is a computer program. Willmaker is made by Quicken, although Nolo attorneys are involved in providing legal advice: Quicken WillMaker Plus is ...
by Iorek
Tue Jul 15, 2014 9:53 am
 
Forum: Personal Finance (Not Investing)
Topic: Estate planning book?
Replies: 12
Views: 1257

Re: Estate planning book?

I think the Nolo Willmaker book is a good overview for wills and estates (even for people not using it as DIY will).
by Iorek
Tue Jul 15, 2014 8:58 am
 
Forum: Personal Finance (Not Investing)
Topic: Estate planning book?
Replies: 12
Views: 1257

Re: If you had $100K how would you invest it?

If it was me, I would probably use some of the money to convert the traditional IRA to Roth, once your taxable income is lower (which also gives you the option of a backdoor Roth). I would probably also start putting 10k a year into ibonds, and keep the rest of the money in an internet bank for a ye...
by Iorek
Tue Jul 15, 2014 8:32 am
 
Forum: Investing - Help with Personal Investments
Topic: If you had $100K how would you invest it?
Replies: 10
Views: 2229

Re: Family cabin planning

I know a family with a similar situation and I think at some point some cousins simply bought out the other cousins because it was unworkable. I suppose you could also put it into some kind of trust or corporate form and then give people shares of that, but I don't know how practical that is over th...
by Iorek
Fri Jul 11, 2014 3:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Family cabin [Estate] planning
Replies: 25
Views: 1995

Re: Take the money and run? (Pension Buyout Offer)

Is the pension insured by PBGC? If so, I might take it, although I tend to be on the conservative side and it might not be enough money to worry about.
by Iorek
Tue Jul 08, 2014 2:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Take the money and run? (Pension Buyout Offer)
Replies: 15
Views: 2053

Re: Is this a Wash Sale?

This may be obvious but if your existing position has unrealized gains then you don't need to worry about a wash sale.
by Iorek
Tue Jul 08, 2014 2:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is this a Wash Sale?
Replies: 10
Views: 728

Re: Kitchen Remodel - Appliance Brand/Model Recommendations

If you want dual ovens I would look at the GE-- last when we looked they had the most usable dual ovens (at least until you got to the super-expensive brands like Wolf).

FWIW we ended up with a GE range, Kitchenaid dishwasher, and LG fridge.

Agree gardenweb is very helpful.
by Iorek
Fri Jul 04, 2014 1:02 pm
 
Forum: Personal Consumer Issues
Topic: Kitchen Remodel - Appliance Brand/Model Recommendations
Replies: 49
Views: 3650

Re: Transplant hard drive from old to a new laptop?

stevep001 wrote:The hard drive is the part of the laptop that wears out. You'd be better off migrating the disk image to a new physical drive.


+1
by Iorek
Tue Jul 01, 2014 10:40 am
 
Forum: Personal Consumer Issues
Topic: Transplant hard drive from old to a new laptop?
Replies: 16
Views: 710

Re: Vanguard Financial Plan and TSP

I wouldn't expect Vanguard CFs to know the G Fund, as it's an unusual scenario for them and that fund won't fit into their templates. So if you want the G Fund, just keep it regardless of what Vanguard recommends. I understand the G fund is unusual, but I think it's irresponsible to allow people to...
by Iorek
Tue Jun 10, 2014 10:44 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard Financial Plan and TSP
Replies: 15
Views: 1535

Re: Retirement Planning

We recently had an influx of cash to our taxable acct, so have stopped IRA withdrawals for the rest of this year. I have added 30K in cash to taxable which we will use if necessary. Is there any way to hold that somewhere other than MM fund which charges .17%? I might be better off keeping it all i...
by Iorek
Tue Jun 10, 2014 10:41 am
 
Forum: Investing - Help with Personal Investments
Topic: Retirement Planning
Replies: 41
Views: 4075

Re: New Happy-in-Retirement Book

I cannot believe I looked at or took the test. If you rent, have no mortgage and drive an American car (well that I won't do, a remnant from the bailout a few years ago), I think you are committed to pergatory. +1 That was a bizarre survey. It's like he had a few factoids and then figured he could ...
by Iorek
Sun Jun 08, 2014 3:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: New Happy-in-Retirement Book
Replies: 10
Views: 1354

Re: Home Mortgage question for a 60 year old

I think it would be against the law for a lender to charge higher rates based on age. Anecdotally, a relative recently got a 30 year mortgage at 70.

I have heard it is more difficult, but not impossible, to get a mortgage once you are retired.
by Iorek
Sun Jun 08, 2014 3:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Home Mortgage question for a 60 year old
Replies: 12
Views: 1270

Re: Expense ratio? How much difference does it make?

Admiral class components will give better results over your years of investing. But the TR funds rebalance for you. You need to decide if/how your asset allocation will change over time. You are starting with an 80/20 stock/bond allocation which might be appropriate for someone at the beginning of ...
by Iorek
Sat Jun 07, 2014 5:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Expense ratio? How much difference does it make?
Replies: 25
Views: 1821

Re: Expense ratio? How much difference does it make?

Admiral class components will give better results over your years of investing. But the TR funds rebalance for you. Hi, From what I've read about re-balancing, can you please tell if my understanding is correct? e.g. Today if we decide 50/30/20 for a 3-fund portfolio, then once a year, we should re...
by Iorek
Sat Jun 07, 2014 3:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Expense ratio? How much difference does it make?
Replies: 25
Views: 1821

Re: Vanguard Financial Plan and TSP

During the in-person consultation the planner said VG thinks of the G fund as a stable value fund, but when I pointed out that the G fund interest rate is really more comparable to an intermediate bond fund (which they were recommending we purchase) she agreed. What do you think stable value rates ...
by Iorek
Fri Jun 06, 2014 5:41 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard Financial Plan and TSP
Replies: 15
Views: 1535

Vanguard Financial Plan and TSP

We went through the Vanguard Financial Plan process recently and I thought I'd mention a few things specific to feds, as I think there are a few of us on the board. I won't try to describe the whole process, as I think other posts, and especially tfb's blog posts (which I read carefully before start...
by Iorek
Fri Jun 06, 2014 3:24 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard Financial Plan and TSP
Replies: 15
Views: 1535

Re: Checking account instead of savings account?

I have similar issues. One thing I've tried is having a round floor of say, $5,000, in the checking account, and try and train myself not to think of that $5k as "available". I do keep some money in a separate online account, because I like having that to fall back, esp. when the interest ...
by Iorek
Sat May 31, 2014 2:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Checking account instead of savings account?
Replies: 11
Views: 1345

Re: Difficulty opening Treasury Direct account

... Does Treasury Direct use one of the credit bureaus (Equifax, Experian, Transunion) to verify identity with their online application? Yes, at least it used to be Experian. That would seem a little odd since they could just use their own IRS, and they have lots of tax records on me. Congress lega...
by Iorek
Sat May 31, 2014 10:59 am
 
Forum: Investing - Help with Personal Investments
Topic: Difficulty opening Treasury Direct account
Replies: 15
Views: 1305

Re: Do assets help with mortgage rates?

I've actually had the bank take retirement accounts off the application because if you don't need them to qualify it's just more documentation to produce/process. But in reality I wonder if those two people would have identical credit scores.
by Iorek
Thu May 29, 2014 6:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do assets help with mortgage rates?
Replies: 11
Views: 1152

Re: Bonds - Throw it all on the table!!!

These arguments all make me feel better about roughly replicating our asset allocation across our different accounts (although I recognize that is probably the opposite of the intended effect).
by Iorek
Wed May 28, 2014 9:29 pm
 
Forum: Investing - Theory, News & General
Topic: Bonds - Throw it all on the table!!!
Replies: 135
Views: 14948

Re: Bonds - Throw it all on the table!!!

I was advised to dump VAIPX TIPS during my Vanguard portfolio review at the beginning of last year. I didn't. In hindsight, it turned out to be good advice, but I stuck to my original plan. (which was vetted on this very forum) :wink: That is interesting. I have read a few threads lately where Bogl...
by Iorek
Mon May 26, 2014 10:00 am
 
Forum: Investing - Theory, News & General
Topic: Bonds - Throw it all on the table!!!
Replies: 135
Views: 14948
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