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Re: Vanguard Money Market Fund - keep open ?

I would close it AND I wouldn't keep money in it. It is a useful account to have if you want to move money from your bank but don't want to immediately trade or want to get out of one investment and have the cash available to do something else. This is my recommendation too, assuming you meant &quo...
by JamesSFO
Wed Nov 26, 2014 1:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard Money Market Fund - keep open ?
Replies: 17
Views: 1479

Re: Vanguard Money Market Fund - keep open ?

Seems like a no brainer to close it. banks especially on line banks offer better deals -- especially if you use a debit card a lot (which I don't). Prime and all mutual fund money markets are unlikely to do well in the future do to restrictions relating to quality and duration/term of investments t...
by JamesSFO
Wed Nov 26, 2014 11:32 am
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard Money Market Fund - keep open ?
Replies: 17
Views: 1479

Re: Paying my parents a salary not to touch their nest egg

Professor Emeritus wrote:Your plan makes no financial or familial sense that I can see. I would start by buying LTC insurance for them. Otherwise put the same money in trust for your kids, their grandchildren. If they need help buy an apartment for them to live in.


This, 1000 times this. It make no sense.
by JamesSFO
Tue Nov 25, 2014 8:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paying my parents a salary not to touch their nest egg
Replies: 50
Views: 4291

Re: Vanguard Money Market Fund - keep open ?

I would (edit) NOT (end edit) close it AND I wouldn't keep money in it. It is a useful account to have if you want to move money from your bank but don't want to immediately trade or want to get out of one investment and have the cash available to do something else. EDITED: Autocorrect took away my ...
by JamesSFO
Tue Nov 25, 2014 1:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard Money Market Fund - keep open ?
Replies: 17
Views: 1479

Re: Vanguard Ultra-Short-Term Bond Fund coming in early 2015

nisiprius wrote:....that says anything about tax recordkeeping issues.


Given that the 1099B's now track tax lots, is this an issue?
by JamesSFO
Mon Nov 24, 2014 9:14 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard Ultra-Short-Term Bond Fund coming in early 2015.
Replies: 39
Views: 4100

Re: Vanguard Ultra-Short-Term Bond Fund coming in early 2015

Agreed, there is a thin but definite line between Money Market and Ultra Short Term, enough that I can see Vanguard's gist if not totally agree with it. Even after the crash, MM's are seen as just shy of completely safe, and a floating NAV shakes that perception psychologically if not logically. An...
by JamesSFO
Mon Nov 24, 2014 7:45 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard Ultra-Short-Term Bond Fund coming in early 2015.
Replies: 39
Views: 4100

New Jan 2015 Brokerage Fees from Vanguard

Didn't cut and paste nicely from the email, looks like things basically stayed the same or if you are flagship select, improved. 500 free trades now. Assets invested in Vanguard funds and Vanguard ETFs® Vanguard ETFs* Stocks and non-Vanguard ETFs Less than $50,000 (Standard)** Free Online. First 25 ...
by JamesSFO
Mon Nov 24, 2014 4:19 pm
 
Forum: Investing - Theory, News & General
Topic: New Jan 2015 Brokerage Fees from Vanguard
Replies: 5
Views: 1276

Re: Fidelity Rewards Amex Activation Experience

Keep in mind that this card is serviced by FIA Card Services (formerly MBNA; now owned by Bank of America) not Fidelity.
by JamesSFO
Sat Nov 22, 2014 10:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Fidelity Rewards Amex Activation Experience
Replies: 20
Views: 1172

Re: After-tax Solo 401k Custodians

Got it now, I suspect the $ spent on the custom 401K to allow this are going to be pricey.
by JamesSFO
Fri Nov 21, 2014 4:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: After-tax Solo 401k Custodians
Replies: 7
Views: 625

Re: After-tax Solo 401k Custodians

If you are making $80-100K why wouldn't you want the tax deduction? One of the reasons people here get so excited about after tax contributions-to-Roth is that they cannot do the deferral at all. It's not clear to me that if you have the option of say deferring an extra $5K (over the $18K for 2015) ...
by JamesSFO
Fri Nov 21, 2014 4:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: After-tax Solo 401k Custodians
Replies: 7
Views: 625

Re: repositioning cruise to Europe?

I would not normally describe a transatlantic cruise as a repositioning cruise, but rather as a transatlantic. Usually a repositioning cruise refers to shorter 1-3 day affairs where a ship is moved for PVSA (passenger vessel services act) purposes e.g. Vancouver to Seattle or vice versa. A transatla...
by JamesSFO
Fri Nov 21, 2014 2:40 pm
 
Forum: Personal Consumer Issues
Topic: repositioning cruise to Europe?
Replies: 11
Views: 1364

Re: After-tax Solo 401k Custodians

Is there some reason you wouldn't want to try and just get all $52K (2014; $53K 2015) in as deductible if you are making enough money?
by JamesSFO
Fri Nov 21, 2014 12:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: After-tax Solo 401k Custodians
Replies: 7
Views: 625

Re: Proposed Lifetime Retirement Investment Approach

I'm not sure I understand the proposal entirely, what I'm getting is that from age 25-40, 100% stocks + mostly Roth tax sheltered investing, from age 40+ invest new money in bonds so you gradually get bonds. It seems like this is just a weird glide slope, is there some particular reason that this gl...
by JamesSFO
Fri Nov 21, 2014 12:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Proposed Lifetime Retirement Investment Approach
Replies: 28
Views: 2307

Re: fidelity refusing custodian custodian rollover

It never ceases to amaze me the wonderful knowledge of the collective minds at Bogleheads. So first off, I'd like to thank everyone for their input. Boiling down the salient points from our discussion, I took from all the comments: 1. It's 60, not 30 days for the check to make its way from old cust...
by JamesSFO
Fri Nov 21, 2014 8:31 am
 
Forum: Personal Finance (Not Investing)
Topic: fidelity refusing custodian custodian rollover
Replies: 35
Views: 2825

Re: An alternative to alternative investments [QSPIX]

I'm not sure if these articles have been posted before, if so, apologies. The first two articles explain in very simple terms exactly what the fund is supposed to do for your portfolio. Essentially it's the diversification Holy Grail: increase returns while reducing volatility. The price of this ma...
by JamesSFO
Thu Nov 20, 2014 4:33 pm
 
Forum: Investing - Theory, News & General
Topic: An alternative to alternative investments [QSPIX]
Replies: 138
Views: 8942

Re: An alternative to alternative investments [QSPIX]

mhalley wrote:I'm seeing an er of 2.11 on my fidelity account. Must need to put in the 5 mill go get that low 1.5 er.
Mike


No, that's the ER before the cap of 1.5.
by JamesSFO
Wed Nov 19, 2014 7:24 pm
 
Forum: Investing - Theory, News & General
Topic: An alternative to alternative investments [QSPIX]
Replies: 138
Views: 8942

Re: Help Beginner Investment with Fidelity

livesoft wrote:Why not just use the Vanguard Target Retirement 2050 fund for your 401(k) money?


Presumably it's not an option in his Fidelity 401K? :shock:
by JamesSFO
Wed Nov 19, 2014 5:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help Beginner Investment with Fidelity
Replies: 10
Views: 757

Re: Help Beginner Investment with Fidelity

The fund you listed (Fidelity Freedom® 2050) is a mishmash of stuff, it is not an index fund, I would strongly consider: Fidelity Spartan Total Market Index Fund (FSTVX) Fidelity Spartan Global ex U.S. Index Fund (FSGDX) and a small amount of bonds if desired. If you are a beginning you really aren'...
by JamesSFO
Wed Nov 19, 2014 12:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help Beginner Investment with Fidelity
Replies: 10
Views: 757

Re: Should you use a 401k if you'll def. be in a higher brac

Thanks for the replies so far. I wasn't specific to begin with so I apologize for the confusion. This question is based in reality but I was purposefully vague because it's a mental exercise, not a question seeking advice. I started thinking about this while talking to a 28yo friend expecting a low...
by JamesSFO
Wed Nov 19, 2014 9:22 am
 
Forum: Investing - Theory, News & General
Topic: Should you use a 401k if you'll def. be in a higher bracket?
Replies: 18
Views: 2329

Re: Actual experience with California probate court?

Edit to add, Nolo Press has a good summary of the statutory fees, $21K for a $900K estate even with a mortgage -- http://www.nolo.com/legal-encyclopedia/california-probate-an-overview.html Again, if you can do it without legal help (not all can) may be fine to use a will; but there is NO universe in...
by JamesSFO
Tue Nov 18, 2014 10:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Actual experience with California probate court?
Replies: 11
Views: 1161

Re: Actual experience with California probate court?

CA Attorney here, not your attorney, not legal advice, not a will/trust attorney.... But the will/trust attorneys in CA I consulted all recommend revocable trust if you own a house. As I recall from the last time I researched this it was a mix of the statutory fees for probate if an attorney was use...
by JamesSFO
Tue Nov 18, 2014 10:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Actual experience with California probate court?
Replies: 11
Views: 1161

Re: Chip and Signature (not PIN) in Europe

PenFed card works in unattended kiosks throughout Europe, you do set PIN when applying for the card and recently when we were there in last 90 days, didn't get prompted for PIN even.
by JamesSFO
Tue Nov 18, 2014 12:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Chip and Signature (not PIN) in Europe
Replies: 15
Views: 785

Re: VBS upgrade roll out has started

I got the e-mail last week, "Action requested on your accounts by XX, 2014" It seems like there's little benefit if I had no complaints and the possibility for downsides, lost ability to do things I can do now, etc. So, how do I decline it? Just let it pass? Call the rep and say no thanks...
by JamesSFO
Mon Nov 17, 2014 10:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: VBS upgrade roll out has started
Replies: 92
Views: 13186

Re: VBS upgrade roll out has started

Thanks James. The approach you describe sounds straightforward. Just curious- what is your thinking around creating a new combined account and transferring stocks and funds into it, versus just taking the existing mutual fund account and transferring the stocks into that? Alansteven Reusing either ...
by JamesSFO
Mon Nov 17, 2014 9:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: VBS upgrade roll out has started
Replies: 92
Views: 13186

Re: VBS upgrade roll out has started

If you use quicken MAKE a new account for the merged brokerage. Basically download all of the holdings into "Old Q MF" and "Old Brokerage" de-active both. And create a new account, e.g. "New Combined" and move shares of everything but your settlement account over in Qui...
by JamesSFO
Mon Nov 17, 2014 5:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: VBS upgrade roll out has started
Replies: 92
Views: 13186

Re: is 3.20% Vanguard brokered CD best deal around?

It is not right to compare the 2 I guess, because they are just different, but purpose of the thread is not to compare them , So why did you compare them? You seemed to want to thump your chest about the performance of your CDs... the purpose of the thread is to ... ...IMHO, as with many of your th...
by JamesSFO
Sun Nov 16, 2014 6:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: is 3.20% Vanguard brokered CD best deal around?
Replies: 48
Views: 4322

Re: is 3.20% Vanguard brokered CD best deal around?

I'm still not understanding YOUR original statement where you said this year YOUR 4% CD's were outperforming the [US] stock market. I understand your entire lecture, I'm not trying to talk you out of your buckets, I'm just asking what you were trying to say above. all I was saying that in 3 months ...
by JamesSFO
Sun Nov 16, 2014 5:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: is 3.20% Vanguard brokered CD best deal around?
Replies: 48
Views: 4322

Re: is 3.20% Vanguard brokered CD best deal around?

.... but I agree, stock market returned less than my 4% CDs this year so far hardly killing it.... .... just to clarify further, I am not down YTD in fact I am up 10.1% last I checked (probably more now) but I am down in a 3 months time span... Ah so the facts are shifting again, I took your origin...
by JamesSFO
Sun Nov 16, 2014 4:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: is 3.20% Vanguard brokered CD best deal around?
Replies: 48
Views: 4322

Re: ETF=passive, while mutual funds (including index) = acti

Series 7... https://en.wikipedia.org/wiki/Series_7_Exam Or from the SEC http://www.sec.gov/answers/series7.htm Individuals who want to enter the securities industry to sell any type of securities must take the Series 7 examination—formally known as the General Securities Representative Examination....
by JamesSFO
Sun Nov 16, 2014 4:32 pm
 
Forum: Investing - Theory, News & General
Topic: ETF=passive, while mutual funds (including index) = active ?
Replies: 7
Views: 771

Re: is 3.20% Vanguard brokered CD best deal around?

.... but I agree, stock market returned less than my 4% CDs this year so far hardly killing it.... .... just to clarify further, I am not down YTD in fact I am up 10.1% last I checked (probably more now) but I am down in a 3 months time span... Ah so the facts are shifting again, I took your origin...
by JamesSFO
Sun Nov 16, 2014 3:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: is 3.20% Vanguard brokered CD best deal around?
Replies: 48
Views: 4322

Re: Needed: Vanguard solo 401k document before latest revisi

PM me for email and I will send the 2010 version
by JamesSFO
Sun Nov 16, 2014 1:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Needed: Vanguard solo 401k document before latest revisions
Replies: 1
Views: 185

Re: Vanguard Individual 401K Rollovers

Just got off the phone with Vanguard rep - he told me that the Vanguard Individual/Solo 401K does not accept rollovers? I have a Rollover (traditional) IRA that I would like to roll into my Individual 401K. I am reading the 401(K) Basic Plan Document, page 36 covers rollover contributions, first li...
by JamesSFO
Sun Nov 16, 2014 1:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard Individual 401K Rollovers
Replies: 31
Views: 2533

Re: is 3.20% Vanguard brokered CD best deal around?

.... but I agree, stock market returned less than my 4% CDs this year so far hardly killing it.... :confused https://www.google.com/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=vtsax VTSAX (VG Total Stock Admiral Shares) has a YTD return of 11.10% according to google. And Morni...
by JamesSFO
Sun Nov 16, 2014 1:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: is 3.20% Vanguard brokered CD best deal around?
Replies: 48
Views: 4322

Re: is 3.20% Vanguard brokered CD best deal around?

I do have a bucket portfolio, and I am happy with it, not interested in looking at it as a one big piece, I have 3 pieces and I manage them separately from each other... I posted on here my retirement piece of portfolio with 11 funds that I have in it, but basically Vanguard stock/bond/fixed with t...
by JamesSFO
Sun Nov 16, 2014 9:43 am
 
Forum: Investing - Help with Personal Investments
Topic: is 3.20% Vanguard brokered CD best deal around?
Replies: 48
Views: 4322

Re: is 3.20% Vanguard brokered CD best deal around?

My stock portfolio lost 11% in end of Sept/Oct, and even in November when we had a record run and I made 2 new deposits the value still is not back up to even... now that's a real risk that can show up very quickly and not only jeopardize purchasing power, it jeopardizes the initial investment in a...
by JamesSFO
Sun Nov 16, 2014 9:07 am
 
Forum: Investing - Help with Personal Investments
Topic: is 3.20% Vanguard brokered CD best deal around?
Replies: 48
Views: 4322

Re: Vanguard Brokerage or Mutual Funds?

If you don't plan to invest in individual stocks or ETFs then just politely decline.
by JamesSFO
Sat Nov 15, 2014 8:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard Brokerage or Mutual Funds?
Replies: 16
Views: 936

Re: is 3.20% Vanguard brokered CD best deal around?

https://www.depositaccounts.com/cd/6-year-cd-rates.html

has various options, also PenFed will probably do its rate specials in December (timing may be off for you)
by JamesSFO
Sat Nov 15, 2014 7:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: is 3.20% Vanguard brokered CD best deal around?
Replies: 48
Views: 4322

Re: Best CD Inside a 529 College Savings Plan?

California's plan also has a stable value fund - https://www.scholarshare.com/

Looks like it may be lower than the one mentioned above, it's the Principal Plus investment
by JamesSFO
Sat Nov 15, 2014 9:01 am
 
Forum: Investing - Help with Personal Investments
Topic: Best CD Inside a 529 College Savings Plan?
Replies: 5
Views: 573

Re: VBS upgrade roll out has started

"Rabbi, can't we just pretend you turned me away three times?" LOL. :sharebeer Yeah, I think basically it is discretionary right now for Flagship reps to do this. It's a huge help though in terms of the number of accounts I have which went down from like 8 to 3. My parents went from like ...
by JamesSFO
Sat Nov 15, 2014 8:06 am
 
Forum: Personal Finance (Not Investing)
Topic: VBS upgrade roll out has started
Replies: 92
Views: 13186

Re: Conflicting Free FICO Scores

What FICO score am I seeing on my DISCOVER CARD bill? Read the linked piece here: There is more than one type of FICO score. Barclaycard gives the FICO 8 score, with a range of 300 to 850. PenFed gives the FICO NextGen score, with a range of 150 to 950. Source: http://ficoforums.myfico.com/t5/Under...
by JamesSFO
Sat Nov 15, 2014 8:04 am
 
Forum: Personal Finance (Not Investing)
Topic: Conflicting Free FICO Scores
Replies: 11
Views: 997

Re: VBS upgrade roll out has started

BTW I got my account upgraded (Flagship) but it took some pestering, minimal fuss in Quicken and all is well. Much easier to have one single account like at Fidelity and elsewhere for all of my holdings of one type. Where did you start with the pestering? I can't find the right button to push. I em...
by JamesSFO
Fri Nov 14, 2014 8:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: VBS upgrade roll out has started
Replies: 92
Views: 13186

Re: Conflicting Free FICO Scores

At 819 and 798 these aren't really problems. Your scores could potentially be higher but at 760 on the 850 scale you're already getting the best terms. I'm not sure what the equivalent would be on the NextGen scale. Yes, I'm not actually deeply concerned. I was more confused the link provided earli...
by JamesSFO
Fri Nov 14, 2014 11:00 am
 
Forum: Personal Finance (Not Investing)
Topic: Conflicting Free FICO Scores
Replies: 11
Views: 997

Re: 401k Rollover to T-IRA, Backdoor Roth, and Pro-Rata

retiredjg wrote:However, if you do keep the old 401k, you will always have a good storage place for any future 401k plans that you need to rollover.


I've not seen 401K plans generally accept incoming rollovers when the participant has left the plan. Otherwise agree with retiredjg
by JamesSFO
Fri Nov 14, 2014 8:03 am
 
Forum: Investing - Help with Personal Investments
Topic: 401k Rollover to T-IRA, Backdoor Roth, and Pro-Rata
Replies: 20
Views: 1400

Re: Chip and Pin: busted by hackers before it's even here

Here's another security vulnerability report on spoofing EMV, it is related to the UK research paper but another example of problems: http://krebsonsecurity.com/2014/10/replay-attacks-spoof-chip-card-charges/ In this case it looks like an implementation error, but still this quote at the end is a he...
by JamesSFO
Fri Nov 14, 2014 8:00 am
 
Forum: Personal Consumer Issues
Topic: Chip and Pin: busted by hackers before it's even here
Replies: 17
Views: 1496

Re: Chip and Pin: busted by hackers before it's even here

Actually there is a variety of evidence that Chip & PIN is not in fact as safe as the banks claim: News summary: http://www.darkreading.com/vulnerabilities---threats/flaws-in-emv-chip-and-pin-undercut-security/d/d-id/1269155 Research paper on vulnerability: http://www.cl.cam.ac.uk/~sjm217/papers...
by JamesSFO
Fri Nov 14, 2014 7:56 am
 
Forum: Personal Consumer Issues
Topic: Chip and Pin: busted by hackers before it's even here
Replies: 17
Views: 1496

Re: Conflicting Free FICO Scores

You can create a FICO score from looking at different credit reports. Is there some kind of inconsistency in how the agencies are reporting your credit report? I recognize this, I naïvely assumed that the "product" FICO was delivering to the credit card companies for the free credit score...
by JamesSFO
Fri Nov 14, 2014 12:49 am
 
Forum: Personal Finance (Not Investing)
Topic: Conflicting Free FICO Scores
Replies: 11
Views: 997

Re: Conflicting Free FICO Scores

There is more than one type of FICO score. Barclaycard gives the FICO 8 score, with a range of 300 to 850. PenFed gives the FICO NextGen score, with a range of 150 to 950. Source: http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/The-many-flavors-of-FICO-Editions-versions-and-variations/td...
by JamesSFO
Fri Nov 14, 2014 12:48 am
 
Forum: Personal Finance (Not Investing)
Topic: Conflicting Free FICO Scores
Replies: 11
Views: 997

Conflicting Free FICO Scores

So I now have two banking products that provide true FICO scores (a PENFED visa and Barclays Visa), but the two show different points, I find that confusing because I would have assumed that both FICO scores would be using the same credit report + model. Apparently not. Also confusingly I am being t...
by JamesSFO
Fri Nov 14, 2014 12:17 am
 
Forum: Personal Finance (Not Investing)
Topic: Conflicting Free FICO Scores
Replies: 11
Views: 997

Re: Company changing 401K provider. Time for in-service r/o?

Bucket 1. The old plan stunk compared to my existing Vanguard rollover IRA selections. As long as there are no hidden expenses, and based on earlier responses from folks, these BR CT Indexes appear good. Glad you are happy; FWIW, I've never heard of a plan allowing rollovers of Bucket 1 pre-59.5 wi...
by JamesSFO
Thu Nov 13, 2014 12:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Company changing 401K provider. Time for in-service r/o?
Replies: 17
Views: 1416
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