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Re: Add new bank to vanguard account

There's a systematic process using ACH (the mechanism that the transfer will actually use) that Vanguard goes through with the bank to validate that the account you have set up actually exists. Since it's an overnight process (on both ends and in the middle) it takes few days to complete. As long as...
by Steelersfan
Sat Jan 24, 2015 9:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Add new bank to vanguard account
Replies: 13
Views: 637

Re: How to climb up in a megacorp

Early in your career it's especially important to work for the best and most respected manager you can, and learn from them as much as you can. They've been successful because they know what the company values and are good at it. If that's not who you're working for now, try your hardest to get a tr...
by Steelersfan
Fri Jan 23, 2015 8:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to climb up in a megacorp
Replies: 23
Views: 2590

Re: Is my employer's 'retiree' practice common?

While I got employee/retiree health insurance until I turned 65 I don''t think there is any "normal" any more.

Companies are looking to their bottom line more than their (ex-)employees benefit, for better or for worse, depending on which side of the equation you're on.
by Steelersfan
Tue Jan 20, 2015 10:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is my employer's 'retiree' practice common?
Replies: 16
Views: 2452

Re: Quick Estate Planning Question

Go to the top of the page and click on Forum Search. Put "bsteiner" in the Search For Author box. Read his responses to many questions folks have asked on this forum about estate planning and trust matters. That will give you a good start for common questions people have. He has many years...
by Steelersfan
Tue Jan 20, 2015 10:37 am
 
Forum: Personal Finance (Not Investing)
Topic: Quick Estate Planning Question
Replies: 2
Views: 267

Re: Flagship financial planner advice?

They did one for me several years ago when I consolidated most of my assets at Vanguard. After answering their questionnaire, they made what I thought were useful and well considered suggestions. The dialogue during the review of their suggested portfolio was good. They did not make any attempt to p...
by Steelersfan
Sun Jan 18, 2015 4:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Flagship financial planner advice?
Replies: 32
Views: 3056

Re: How to transfer estate without including tax man

The difference is several M$ going to a charity or going to the government for taxes. I would prefer the money go to charity since the government already had it's first bite out of the apple. Unless you want to leave her more than $5,430,000 (indexed in future years for inflation) there's no federa...
by Steelersfan
Wed Jan 14, 2015 10:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to transfer estate without including tax man
Replies: 27
Views: 2394

Re: How to transfer estate without including tax man

If any asset you purchased during your lifetime has appreciated in value and you're still holding that asset at time of death, then that increase is not taxed since the asset value gets reset at your passing. To the extent your heirs pay an inheritance tax on that, the tax on the increase in value ...
by Steelersfan
Tue Jan 13, 2015 4:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to transfer estate without including tax man
Replies: 27
Views: 2394

Re: How to transfer estate without including tax man

If any asset you purchased during your lifetime has appreciated in value and you're still holding that asset at time of death, then that increase is not taxed since the asset value gets reset at your passing. To the extent your heirs pay an inheritance tax on that, the tax on the increase in value i...
by Steelersfan
Tue Jan 13, 2015 11:58 am
 
Forum: Investing - Help with Personal Investments
Topic: How to transfer estate without including tax man
Replies: 27
Views: 2394

Re: Medallion Signature Guarantee? T.Rowe Price to Vanguard

When I transferred a Dreyfus managed 401K to a Vanguard IRA, Dreyfus required one. My local bank branch gave me mine, but it appears those are harder to get these days as banks keep reducing functionality (i.e. expense) at their branch locations.
by Steelersfan
Sun Jan 11, 2015 4:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medallion Signature Guarantee? T.Rowe Price to Vanguard Xfer
Replies: 8
Views: 887

Re: Social Security and Pension Question:

There's also the matter of how much stomach churn an individual is willing to endure if they have a portfolio that's 80% plus in the stock market.

I'm willing and able (if experience holds in the future) to endure some, but not as much as an 80% plus portfolio might lay on me.
by Steelersfan
Sun Jan 11, 2015 4:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Social Security and Pension Question:
Replies: 36
Views: 3580

Re: If you were going to retire at 57 what would your number

But the answer is going to be quite different if you're a single person with no mortgage whose living expenses are $50,000 a year vs a married couple with kids starting college who might need in excess of $100,000 a year. Drawing $100,000 a year from investable assets of $1,000,000 for 10 years isn'...
by Steelersfan
Sun Jan 11, 2015 11:50 am
 
Forum: Investing - Help with Personal Investments
Topic: If you were going to retire at 57 what would your number be?
Replies: 35
Views: 4004

Re: what to do with soon-to-be vested company stocks

A lot depends on the company and the industry you're in. I always waited until close to the expiration date of the options, but my company (and industry) were very mature, stable and growing. If I were in another situation, I would be inclined to exercise them much sooner, taking tax implications in...
by Steelersfan
Sat Jan 10, 2015 10:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: what to do with soon-to-be vested company stocks
Replies: 7
Views: 475

Re: Social Security and Pension Question:

JW Nearly Retired wrote:Same here...... & my risk gauge comes out the same too. But maybe Bogle actually knows something as well. :)
JW


I believe he knows so much more than any of us we're not even living in the same planet. :happy
by Steelersfan
Sat Jan 10, 2015 10:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Social Security and Pension Question:
Replies: 36
Views: 3580

Re: Social Security and Pension Question:

My pension and SS cover my living expenses with some to spare. My pension is not inflation adjusted. SS obviously is. I decided on a 60%/40% AA as one that was reasonably aggressive so I'm likely to leave a nice bundle for my heirs, without going overboard on risk such that I'll leave little or not...
by Steelersfan
Sat Jan 10, 2015 9:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Social Security and Pension Question:
Replies: 36
Views: 3580

Re: Keeping CC Receipts

They get deposited in a pile for a couple of months until the pile gets too big then they all go in the trash.
by Steelersfan
Sat Jan 10, 2015 7:21 pm
 
Forum: Personal Consumer Issues
Topic: Keeping CC Receipts
Replies: 45
Views: 3495

Re: Social Security and Pension Question:

My pension and SS cover my living expenses with some to spare. My pension is not inflation adjusted. SS obviously is. I decided on a 60%/40% AA as one that was reasonably aggressive so I'm likely to leave a nice bundle for my heirs, without going overboard on risk such that I'll leave little or noth...
by Steelersfan
Sat Jan 10, 2015 5:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Social Security and Pension Question:
Replies: 36
Views: 3580

Re: Bank transfer to purchase Vanguard fund didn't go throug

Their system (not a human) automatically reversed mine when I did something similar last year at this time.
by Steelersfan
Fri Jan 09, 2015 9:48 am
 
Forum: Investing - Help with Personal Investments
Topic: Bank transfer to purchase Vanguard fund didn't go through
Replies: 3
Views: 637

Re: Bank transfer to purchase Vanguard fund didn't go throug

It takes a while (several days) for the notice that the bank side of the transaction failed to get to Vanguard, but it surely will. Until that electronic notice gets sent and arrives at Vanguard, they still think it's going to happen. Wait until you see that the transaction failed on the Vanguard en...
by Steelersfan
Thu Jan 08, 2015 2:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bank transfer to purchase Vanguard fund didn't go through
Replies: 3
Views: 637

Re: New vanguard Rep

Give him a month or two to get his feet on the ground.

If he disappoints you over that time period, ask for a change.
by Steelersfan
Tue Jan 06, 2015 8:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: New vanguard Rep
Replies: 25
Views: 2738

Re: How Many Credit Cards do you have?

Capital One QuickSilver- 1.5% Cash Back all purchases - $0 Annual Fee My main credit card Chase Freedom - 5% Cash Back on various categories that change every Qtr- $0 Annual Fee This is actually my back-up card for when I travel. I only use the 5% cash back when it's a category that I normally use a...
by Steelersfan
Tue Jan 06, 2015 6:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: How Many Credit Cards do you have?
Replies: 99
Views: 12599

Re: Do you keep manuals/packaging for products you buy?

I keep the manuals in a file but throw out the boxes after a few weeks.

Every few years I weed out the manual file for things I don't have any more. Being a card carrying boglehead, that's not very many. :happy
by Steelersfan
Sun Jan 04, 2015 9:12 pm
 
Forum: Personal Consumer Issues
Topic: Do you keep manuals/packaging for products you buy?
Replies: 34
Views: 2046

Re: Flagship [Switch Vanguard Financial Advisor]

SpringMan wrote:My experience is that my Flagship representative is not the one that gives financial advice. They are more of an experienced customer service rep that coordinates with the CFPs that actually dispense advice.


+1
by Steelersfan
Sat Jan 03, 2015 2:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Flagship [Switch Vanguard Financial Advisor]
Replies: 8
Views: 1550

Re: Net Worth Survey, 2015 Edition

If I remember correctly, you found a way in previous years to present the data in a form that was digestible so we could see where we stand compared to other folks who post on this forum, understanding that were a very unusual bunch.

When will you do that?
by Steelersfan
Thu Jan 01, 2015 9:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Net Worth Survey, 2015 Edition
Replies: 132
Views: 21792

Re: Is this malware?

Another question…. If I didn't click on anything on the redirected to website why would that mean I probably don't have malware? How did I get redirected in the first place? I guess you could, it's just not likely. What you see on the screen is not what the actual URL characters are. They mask the ...
by Steelersfan
Wed Dec 31, 2014 3:20 pm
 
Forum: Personal Consumer Issues
Topic: Is this malware?
Replies: 11
Views: 1255

Re: Is this malware?

Unless you clicked on something on the bogus page you got directed to it's not likely you got any malware installed on your PC. There's a free version of "Malwarebytes Anti-Malware" that you can run that catches a lot of malware that might be hiding on your PC. Google the name and try it o...
by Steelersfan
Wed Dec 31, 2014 1:44 pm
 
Forum: Personal Consumer Issues
Topic: Is this malware?
Replies: 11
Views: 1255

Re: Should I Cancel My Life Insurance?

I don't remember how to do the 5-yr probability for the above ages (and I am too old and too lazy to try to relearn it anymore) but it looks to me as if there is a ~1% probability each year, but the math gets a little more involved in calculating a 5-year probability, but I'm guessing greater than ...
by Steelersfan
Mon Dec 29, 2014 9:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I Cancel My Life Insurance?
Replies: 61
Views: 4633

Re: Declare inheritance from deceased relative this year or

Some states have an inheritance tax that the recipient of an estate pays. Here's a list, but I'm not sure it's entirely current.

http://wills.about.com/od/stateestatetaxes/a/inheritancetaxchart.htm
by Steelersfan
Mon Dec 29, 2014 8:15 am
 
Forum: Personal Finance (Not Investing)
Topic: Declare inheritance from deceased relative this year or next
Replies: 13
Views: 1820

Re: What Movie Have You Recently Watched?

jginseattle wrote:Foxcatcher. It's very good, but it may be too deliberately paced for some.


Agree, and I thought it was really good too.
by Steelersfan
Sun Dec 28, 2014 7:22 pm
 
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 444
Views: 52626

Re: SIPC protection

Thanks Bull. The link explains that "cash" as defined by SIPC is a very narrow category, and does not include money market funds - including the core account. Huh? " If your brokerage firm sweeps cash into a money market mutual fund or into another securities investment, your account...
by Steelersfan
Sun Dec 28, 2014 9:51 am
 
Forum: Personal Finance (Not Investing)
Topic: SIPC protection
Replies: 33
Views: 1845

Re: Non-mutual fund retirement trusts.. Safe?

I mostly just didn't want to get Madoff'd or have something bad happen if TRowe went bankrupt. I've been with the same company my entire career so most of my retirement money is stuck in this plan. In additional the securities are actually held by a custodian, usually a large (audited) bank, which ...
by Steelersfan
Sat Dec 27, 2014 9:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Non-mutual fund retirement trusts.. Safe?
Replies: 10
Views: 881

Re: Goodish frozen supermarket chicken nuggets?

Another is the suggestion of Bell & Evans nuggets from Whole Foods. I can't imagine that they're more expensive than the Perdue/Tyson nuggets but I'm sure they are ... hopefully they are the Rolex of chicken nuggets. I'll look for them the next time I'm at Whole Foods. Put your zip code in the ...
by Steelersfan
Sat Dec 27, 2014 7:06 pm
 
Forum: Personal Consumer Issues
Topic: Goodish frozen supermarket chicken nuggets?
Replies: 23
Views: 1977

Re: Should I Cancel My Life Insurance?

Be sure your wife clearly understand your overall financial position and the assets you have. When I considered dropping my insurance the wife's first reaction was "no way". She was completely uninvolved in our investments so did not have a clear picture of where we stood. When we went ove...
by Steelersfan
Sat Dec 27, 2014 5:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I Cancel My Life Insurance?
Replies: 61
Views: 4633

Re: SIPC protection

Nisiprius's Investment Company Institute quote says: Different regulations apply to commodity-based ETFs, which hold 4 percent of ETF assets. ETFs that invest in commodity futures are regulated by the Commodity Futures Trading Commission (CFTC),... The prospectus says: USO’s investment objective is ...
by Steelersfan
Sat Dec 27, 2014 5:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: SIPC protection
Replies: 33
Views: 1845

Re: Should I sell My American Funds?

I have one chunk in an American Funds mutual fund I bought through a friend who was a Financial Adviser. I don't regret that in the least from all the other good things he did for me. But at this point the capital gains are significant enough I've decided to keep it rather than pay the taxes. If the...
by Steelersfan
Sat Dec 27, 2014 1:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I sell My American Funds?
Replies: 48
Views: 5005

Re: Should I Cancel My Life Insurance?

Mine was through my company, but in similar situation (my numbers weren't as large) I canceled mine.

So yes.
by Steelersfan
Sat Dec 27, 2014 1:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I Cancel My Life Insurance?
Replies: 61
Views: 4633

Re: SIPC protection

nisiprius gets the essence of the issue correct, but the investment/securities business is devilishly complicated. Schwab appear to have outsourced the accounting for it's funds to the Boston Financial Data Services (BFDS). They do the actual back room and data processing for the customer accounts. ...
by Steelersfan
Fri Dec 26, 2014 10:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: SIPC protection
Replies: 33
Views: 1845

Re: What percentage of your retirement expenses will be cove

I have my living expenses covered by SS and a pension and keep my AA at 60%/40%, or age - 25 in bonds.

I think of the portfolio as investing for my heirs and that my AA is an appropriate level of risk to take.
by Steelersfan
Thu Dec 25, 2014 7:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: What percentage of your retirement expenses will be covered
Replies: 34
Views: 3554

Re: Hack attack

And technically phishing isn't hacking.

Although if you are able to acquire credentials using phishing techniques (disguised, fake emails) that could lead to or help exploit a hack.
by Steelersfan
Thu Dec 25, 2014 4:23 pm
 
Forum: Personal Consumer Issues
Topic: Hack attack
Replies: 6
Views: 1537

Re: Do I-Bonds Count (as part of your bond allocation)?

leonidas wrote:They do for me as well as CDs.


+1
by Steelersfan
Thu Dec 25, 2014 1:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do I-Bonds Count (as part of your bond allocation)?
Replies: 24
Views: 2315

Re: Advice re cashing in life insurance policy in estate

If you make $13,000 a year payments for 20 years (a reasonable but not certain life expectancy) that's $260,000. For a $1,000,000 - $300,000 = $700,000 payout increase, that's a pretty good return. You're forgetting opportunity cost of the cash value and additional premium payments. Also, he could ...
by Steelersfan
Wed Dec 24, 2014 10:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Advice re cashing in life insurance policy in estate
Replies: 25
Views: 1276

Re: Advice re cashing in life insurance policy in estate

If you make $13,000 a year payments for 20 years (a reasonable but not certain life expectancy) that's $260,000. For a $1,000,000 - $300,000 = $700,000 payout increase, that's a pretty good return.
by Steelersfan
Wed Dec 24, 2014 9:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Advice re cashing in life insurance policy in estate
Replies: 25
Views: 1276

Re: [Legality of advisor's 401b plan changes without consent

I too have a hard time believing that the leaders of the company didn't know what was going on. Maybe all of them didn't, but whoever authorized the change somewhere in the management chain almost certainly authorized him to make changes. if they didn't know what he was going to do, shame on him/her...
by Steelersfan
Wed Dec 24, 2014 9:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Legality of advisor's 401b plan changes without consent]
Replies: 13
Views: 1666

Re: How much notice to give prior to Retirement ?

If you can manage to be laid off rather than retiring on your own, you'll come out ahead, with the severance to kick-start your retirement. Of course, the question is whether, if they know you're going to retire, will they avoid laying you off to save the severance, or offer you a voluntary lay-off...
by Steelersfan
Tue Dec 23, 2014 8:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much notice to give prior to Retirement ?
Replies: 62
Views: 4545

Re: Voya 401(k)'s insanely high ER's on Vanguard funds

I agree that the employer is the responsible one as they signed up for the deal and as a note my very large plan used ING/VOYA and had very low expenses but that's what having billions in your plan can do for you if the plan committee is on top of things. And if the company willing willing to bear ...
by Steelersfan
Tue Dec 23, 2014 2:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Voya 401(k)'s insanely high ER's on Vanguard funds
Replies: 29
Views: 3145

Re: What % of net worth is your home?

Toons wrote:6% :happy


+1

:happy :happy

It's good to live a simple life as a retired empty nester.
by Steelersfan
Mon Dec 22, 2014 9:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: What % of net worth is your home?
Replies: 127
Views: 10748

Re: Voya 401(k)'s insanely high ER's on Vanguard funds

Your employer may be having Voya jack up the ER to cover their internal (HR) costs for providing a 401k plan. Voya then may be remitting the extra employee fees back to the company. Still - there are worse ER's than .83. I echo the advice to see if there is some other fund offered with a lower ER.
by Steelersfan
Mon Dec 22, 2014 8:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Voya 401(k)'s insanely high ER's on Vanguard funds
Replies: 29
Views: 3145

Re: Should my work associates be worried?

For the last several years companies have been off loading pension obligations to other companies (like insurance companies) more and more, who turn the pension obligation into an annuity. Depending on the health of the company's pension plan and the comparative health of the company who bought the ...
by Steelersfan
Sun Dec 21, 2014 9:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should my work associates be worried? [Pension plan]
Replies: 16
Views: 3593

Re: Should my work associates be worried?

I've been receiving payments from a former employer as I selected an annuity on separation in 1992. During that time my employer has used several different organizations to process the payments , including Fidelity and now Wells Fargo. These processors have nothing to do with the security of the an...
by Steelersfan
Sun Dec 21, 2014 7:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should my work associates be worried? [Pension plan]
Replies: 16
Views: 3593

Re: Supplementing Health Insurance

generalzodschicken wrote:EDIT: According to this http://www.hhs.gov/healthcare/rights/limits/ , it sounds like this is no longer an issue - or am I missing something?


With the new(ish) health care law I think you've now got the right information as long as you're in one of their approved plans.
by Steelersfan
Fri Dec 19, 2014 10:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Supplementing Health Insurance
Replies: 3
Views: 290

Re: Charitable Contribution from IRA

It seems to me that the whole issue of dates around year end are so murky that it's safest to write the check to a charity with plenty of time for them to receive and deposit it. There's: the date you wrote the check, the date you mailed it, the check arrival at the charity date, the charity deposit...
by Steelersfan
Fri Dec 19, 2014 9:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Charitable Contribution from IRA
Replies: 41
Views: 1766
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