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Re: Whole Life Insurance 'Gift' from Parents

Short story. I kept the policy my parents bought for me. Believe I've probably broken even and beneficiary will gain. Long story. My parent did the same thing when I was in my mid-20s. Not knowing any better I kept the MetLife policy and reimbursed them for it. Assumed I was getting a good deal... b...
by dratkinson
Wed Mar 25, 2015 7:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Whole Life Insurance 'Gift' from Parents
Replies: 24
Views: 1274

Re: why they requires my username and pass word

Automatic login doesn't work if the cookie is gone.

Your PC's BH cookie is probably being deleted. Check all settings to ensure your cookie is being saved.

Believe browsers can save/delete cookies when they close.

Some 3rd party utilities (CCleaner,...) can save/delete cookies at PC startup.
by dratkinson
Wed Mar 25, 2015 5:58 pm
 
Forum: Forum Issues and Administration
Topic: why they requires my username and pass word
Replies: 7
Views: 719

Re: Teaching a responsible teen about money

The Only Investment Guide You'll Every Need, by Andrew Tobias, covers a wide range of financial topics every young adult should know.
by dratkinson
Mon Mar 23, 2015 6:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Teaching a responsible teen about money
Replies: 12
Views: 964

Re: Convince a Newly Converted Boglehead to sell AAPL shares

You don't need to sell just because you are a new BH. Sell only for other (good) reasons. BHs are allowed a 5% fun-money account to scratch the speculative itch. As your BH investments grow, your AAPL position% will drop naturally. To reinvest dividends or not is also your decision. If for fun: then...
by dratkinson
Mon Mar 23, 2015 6:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convince a Newly Converted Boglehead to sell AAPL shares
Replies: 20
Views: 1929

Re: Best Bank for Checking Account

Could use bankrate.com to identify free checking accounts. Could call your local credit unions as CUs seem to have more free accounts than banks. Wherever you go, double check the fee structure as some things you may want to do (link to external accounts with ACH push/pull) may entail a fee. Ensure ...
by dratkinson
Mon Mar 23, 2015 5:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Best Bank for Checking Account
Replies: 29
Views: 2490

Re: new portfolio.

In above I struggled to give the textbook answer. In this I'll tell you what I'm doing and why. My tax brackets: 25% fed, 5% state. Compare current SEC yields and TEYs. VBMFX: SEC yield = 1.94% . (Long-term) total bond market (TBM). VWITX: SEC yield = 1.61%, TEY = 2.15 %. Intermediate-term national ...
by dratkinson
Thu Mar 19, 2015 8:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: new portfolio.
Replies: 5
Views: 560

Re: new portfolio.

... Questions for tax efficiency purposes: 1-I know my Target fund and Wellington in brokerage account are not tax efficient- should I sell and buy a simple 3-4 fund like total stock market index funds+total international index funds+total bond index funds or tax exempt bond fund for my brokerage a...
by dratkinson
Thu Mar 19, 2015 1:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: new portfolio.
Replies: 5
Views: 560

Re: new portfolio.

Bump. Just noticed OP was edited to include requested information.
by dratkinson
Thu Mar 19, 2015 10:48 am
 
Forum: Investing - Help with Personal Investments
Topic: new portfolio.
Replies: 5
Views: 560

Re: Single father Needs help on retirement portfolio (o)(o)

Questions: 1. Am I on the right track if I plan to retire at age of 55 or 62 (if not 55)? What can I do to retire at age of 55 or 62? It looks like you are investing $45-50K/year. That is encouraging, but is it enough? It depends upon your retirement living expenses. There are internet options repo...
by dratkinson
Thu Mar 19, 2015 10:36 am
 
Forum: Investing - Help with Personal Investments
Topic: Single father Needs help on retirement portfolio (o)(o)
Replies: 14
Views: 1663

Re: just cashed in EE bonds - tax question

Recall form 4868 (Application for Automatic Extension of Time to File U.S. Individual Income Tax Return) is an acceptable way of paying taxes owed by the due date (next April). Could earn interest on the otherwise government loan until then.
by dratkinson
Wed Mar 18, 2015 5:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: just cashed in EE bonds - tax question
Replies: 13
Views: 1063

Re: Asset Location of Bonds in Highest Tax Bracket

I believe it's okay to change if your long term plan has changed. But I would not change because of a short term market move. Bonds in tax advantaged space is the conservative wisdom, but it results in lower growth for TA. There is an opposite approach called "shoot for the moon in TA" tha...
by dratkinson
Wed Mar 18, 2015 4:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Asset Location of Bonds in Highest Tax Bracket
Replies: 10
Views: 716

Re: Guidance Kindly Requested (Portfolio Review)

Suggestions. 401k. Your best (lowest-cost, broadest index) options seem to be: 70%, SSgA S&P 500 Index NL-C 0.06 30%, Vanguard Total Bond Market Index-Admiral 0.08 If you must, you can pick up VEXMX (total stock market completion index) in your IRA. Traditional/Roth IRAs. The simple choice is: A...
by dratkinson
Tue Mar 17, 2015 6:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Guidance Kindly Requested (Portfolio Review)
Replies: 11
Views: 1211

Re: Advice on guiding an hour discussion with military

Will this discussion be with enlisted or officers? Only one or two O's will be in the mix. Edit: Mostly middle/upper enlisted. No lower enlisted. Pity, lower enlisted need it most and have more time to make compounding work for them. I like the idea of sending them here for a quick review. May need...
by dratkinson
Mon Mar 16, 2015 5:21 pm
 
Forum: Investing - Theory, News & General
Topic: Advice on guiding an hour discussion with military
Replies: 35
Views: 1918

Re: Guidance Kindly Requested (Portfolio Review)

Your IRAs. Do a forum search for "leaving American funds". You will be encouraged to do this. You can't do anything about past expenses, but you can about future expenses. So don't worry about your paid front loads as they are a sunk cost/tuition paid for your financial education. Moving t...
by dratkinson
Sat Mar 14, 2015 10:40 am
 
Forum: Investing - Help with Personal Investments
Topic: Guidance Kindly Requested (Portfolio Review)
Replies: 11
Views: 1211

Re: Advice on "Robo-Investment" tools

The short answer. The 3-fund portfolio is the simple 90% solution. Tweak it as necessary for your situation. The long answer. Step 1. Gather background investing information to create your plan. Begin reading in the Wiki (screen top right). Read all of the introductory stuff, so you know the forum's...
by dratkinson
Fri Mar 13, 2015 1:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice on "Robo-Investment" tools
Replies: 14
Views: 934

Re: How many really understand how investing works?

People need products and services to live. Businesses supply products and services to consumers (people) for an expected profit. Businesses need capital to operate. Investors, through the investment markets (stock, bond) supply businesses with needed capital for an expected return/profit. The popula...
by dratkinson
Wed Mar 11, 2015 5:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: How many really understand how investing works?
Replies: 37
Views: 3136

Re: Help with opening investment accounts

Call Vanguard and open your (plural) 2014 Roth IRAs with them. Invest in a simple Target (date) Retirement fund (becomes more conservative/more bonds as you age), or a LifeStrategy fund (maintains the same asset allocation as you age): one fund for each of you. These can be mutual fund accounts or b...
by dratkinson
Mon Mar 09, 2015 5:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with opening investment accounts
Replies: 10
Views: 712

Re: Reducing Costs for Internet Service Provider (ISP)

Outlier. All2Easy dail-up, 56Kbps, $5/mo.
by dratkinson
Sun Mar 08, 2015 1:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Reducing Costs for Internet Service Provider (ISP)
Replies: 10
Views: 1078

Re: My Vanguard Momentum Trading Blog

In for the ride. (Added) Commend your courage in posting your momentum strategy and allowing us to follow along. I'm interested in a momentum play and will post my strategy too. From previous topics, I recall: A momentum play requires high-yield, low-correlation assets. (Implies no bonds.) Selling h...
by dratkinson
Sun Mar 08, 2015 1:46 pm
 
Forum: Investing - Theory, News & General
Topic: My Vanguard Momentum Trading Blog
Replies: 18
Views: 1657

Re: investment advice for a non-american

Don't panic. And keep your towel close. I began investing in my 50s. It can be done, by focusing on living below your means, and maximizing your investing. The investing advice is the same for everyone: Own [1] the whole world in stocks, [2] safe bonds from your home country, and [3] minimize your i...
by dratkinson
Fri Mar 06, 2015 9:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: investment advice for a non-american
Replies: 1
Views: 144

Re: Another Bond Fund Question

If it doesn't make a difference, then no need to worry. If it does make a difference, then choose your best (highest return, lowest risk) option. You could try a simulation. This is what I did to evaluate my options. This exercise took one evening. As a baseline, I used excel1040.com to duplicate my...
by dratkinson
Fri Mar 06, 2015 8:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Another Bond Fund Question
Replies: 14
Views: 936

Re: Think or Swim with Invest Tools toolbox

Does anyone have experience and suggestion on the value of this tool for basic investing of stocks.... (1) Tools sold to time the market. Tool opinion? Yes. The tool is of great valuable, to the company selling it, as they will make money from you as long as you pay their fees. Logic. If it truly a...
by dratkinson
Thu Mar 05, 2015 9:06 pm
 
Forum: Investing - Theory, News & General
Topic: Think or Swim with Invest Tools toolbox
Replies: 3
Views: 398

Re: Young Investor

Can start an IRA at a bank for very little. Add to it as you can. Transfer it when you get enough to meet the starting limit elsewhere. If a savings account IRA were offered, that would be easy to add-to/transfer. CDs would be a little more work, and transferring early would mean breaking/interest p...
by dratkinson
Thu Mar 05, 2015 7:43 pm
 
Forum: Investing - Theory, News & General
Topic: Young Investor [Below minimum amount to invest - possible?]
Replies: 10
Views: 1156

Re: Riding Snoblower (riding/standing sulky)

Submitted for what it is worth. Stumbled across an idea for a "riding" walk-behind snowblower, by using a riding sulky. Could maybe re-purpose a lawn mower sulky. Would need to ensure snowblower could pull it without wheel slip and transmission damage. A Gravely L comes to mind, but that m...
by dratkinson
Thu Mar 05, 2015 3:57 am
 
Forum: Personal Consumer Issues
Topic: Riding Snoblower
Replies: 13
Views: 1240

Re: Riding Snoblower

I don't understand the issue of not being comfortable with a walk-behind snowblower, because there are fewer controls than on a lawn tractor, and using them is no more difficult than walking behind a self-propelled lawnmower. Besides... they're fun! $2-3K will not get you a good used riding snowblow...
by dratkinson
Tue Mar 03, 2015 8:37 pm
 
Forum: Personal Consumer Issues
Topic: Riding Snoblower
Replies: 13
Views: 1240

Re: new car battery

Check with Consumer Reports. Remember seeing highly recommended ones for ~$80 from Costco and NAPA. Interstate was also highly recommended but more expensive. One BH has experience with battery technology and told us the battery lead lattice can be damaged in an accident, resulting in compromised pe...
by dratkinson
Tue Mar 03, 2015 7:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: new car battery
Replies: 45
Views: 2751

Re: Help- I keep investing my emergency fund in the stock ma

Options. (1) Invest your EF in something that is harder to access: US savings bonds, insured CDs, ST bond fund, or a combination. Doing so allows you to "do something" (idle hands are the devil's workshop), yet keeps the principle safer than in stocks, so more guaranteed to be available fo...
by dratkinson
Tue Mar 03, 2015 6:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help- I keep investing my emergency fund in the stock market
Replies: 18
Views: 2374

Re: What is your favorite consumer product?

Can opener. Kuhn Rikon Safety Deluxe Lid Lifter. Cuts top off sideways so it can be reused to store opened can in refrigerator. Emergency lights. Lite Saver, from CS-power.com. 3-in-1 light: night light, work light, power failure light. Stopped looking for house backup lighting solutions when if fou...
by dratkinson
Mon Mar 02, 2015 12:40 pm
 
Forum: Personal Consumer Issues
Topic: What is your favorite consumer product?
Replies: 174
Views: 11208

Re: Combo Laundry Room/Food Pantry

While you are giving your wife what she wants, can add this to your list of convenience items. A sloping garage floor (slightly, toward the doors) makes cleaning it so much easier, just hose it out. Will also handle carrying away runoff from snow/ice brought in on vehicles. Additionally, can install...
by dratkinson
Sun Mar 01, 2015 6:12 pm
 
Forum: Personal Consumer Issues
Topic: Combo Laundry Room/Food Pantry
Replies: 14
Views: 984

Re: Nearing 40 and Never Invested

Mutual fund vs. ETF (Exchange Traded [mutual] Fund). Think of them as different share classes of the same fund. Notice this link from Vanguard's Total Stock Market Index Fund, Investor Shares class: https://personal.vanguard.com/us/funds/snapshot?FundId=0085&FundIntExt=INT Notice below the title...
by dratkinson
Fri Feb 27, 2015 2:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Nearing 40 and Never Invested
Replies: 55
Views: 5300

Re: Combo Laundry Room/Food Pantry

I love the utility of my small one, but it could do so much more. It's between the garage-kitchen and makes unloading/storing groceries very easy. Electric dryer vents into garage. Have never noticed a heat/moisture problem with stored items. --Wish it were bigger so I had more storage for canned go...
by dratkinson
Fri Feb 27, 2015 1:32 pm
 
Forum: Personal Consumer Issues
Topic: Combo Laundry Room/Food Pantry
Replies: 14
Views: 984

Re: Car Accident in Front Yard

+1 Can't hurt to check first. They might be willing to let you pay your nephew just to make you happy. If all you have are small plastic pieces, would think setting a bagging mower to scalp the lawn would pick those up. Pay nephew to pick large pieces, use mower to vacuum up small pieces, and shovel...
by dratkinson
Fri Feb 27, 2015 12:10 pm
 
Forum: Personal Consumer Issues
Topic: Car Accident in Front Yard
Replies: 34
Views: 2996

Re: Advice and direction for a beginner

^^^ That's helpful. The form you found to rollover to an American IRA is an attempt to keep your money with American funds. You can just as easily rollover to Vanguard, Fidelity, TRPrice, et al, by calling them and requesting *their* form. Double-check this as I could be wrong. When you retire, your...
by dratkinson
Fri Feb 27, 2015 11:43 am
 
Forum: Investing - Help with Personal Investments
Topic: Advice and direction for a beginner
Replies: 12
Views: 1660

Re: cold air from electric socket

You can cheaply make your own electrical outlet sealing pads from thin flat foam packing material. Don't recall where I've seen it, but would check with ACE or Home Depot. I re-purposed what I'd received in the shipments. Remove electrical cover. Lay it on the packing foam. Trace outline/openings wi...
by dratkinson
Thu Feb 26, 2015 8:20 pm
 
Forum: Personal Consumer Issues
Topic: cold air from electric socket
Replies: 17
Views: 1699

Re: No VWIUX at Fidelity

If you expect to own a 3-fund Vanguard portfolio, double-check the availability of VTSMX/VTSAX (and your international choice) at Fidelity. I don't have a Fidelity account, so this is half-remembered hearsay from others: You can't get Vanguard Admirals shares at Fidelity. If it proves to be true tha...
by dratkinson
Thu Feb 26, 2015 7:46 pm
 
Forum: Investing - Theory, News & General
Topic: No VWIUX at Fidelity
Replies: 17
Views: 1367

Re: Is a generator worth it?

Lots of past topics on backup/emergency generators. Can search for them. Recall interesting reading. Street cred for doing good deeds with the neighbor(s) is overrated. It can backfire such that it comes to be *expected* that you will solve their problems. Increasing requests will cause you to feel ...
by dratkinson
Thu Feb 26, 2015 6:57 pm
 
Forum: Personal Consumer Issues
Topic: Is a generator worth it?
Replies: 105
Views: 5513

Re: Can someone please help me with this investment thing!

We need to get your history before offering a retirement prognosis. Please add the information requested in the sticky "Asking Portfolio Questions". Copy/edit offline/paste into your original post. Use your post's Edit button to edit your post. While the requested additional information is...
by dratkinson
Wed Feb 25, 2015 5:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can someone please help me with this investment thing!
Replies: 17
Views: 1215

Re: Advice and direction for a beginner

Things I forgot in above. Costs matter. This is Mr Bogle's mantra. In your 401k, that, plus having a broad index fund (S&P500 index), guided my recommendation. If you had a cheaper money-market fund, and could get the employer's match and then roll everything over to Vanguard, I'd have recommend...
by dratkinson
Wed Feb 25, 2015 3:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice and direction for a beginner
Replies: 12
Views: 1660

Re: Advice and direction for a beginner

Here's the revised post. Hopefully I got everything. I was confused on some sections so let me know if I should editing anything. Thanks again. Emergency funds: Yes Slowly bring this up to 6 mos. of living expenses. Debt: None Tax Filing Status: Single Tax Rate: 15% Federal, 5.75% State (I had a ha...
by dratkinson
Wed Feb 25, 2015 2:30 am
 
Forum: Investing - Help with Personal Investments
Topic: Advice and direction for a beginner
Replies: 12
Views: 1660

Re: Accurate home blood pressure monitor?

Timely topic. Searched more reviews and exchanged an Ho-metics (Walgreens branded, second failure in ~3 years) for an Omron BP760. It was what they had in stock and was $59 if you signed up for their free rewards program, otherwise ~$80. Initial impression: Omron is quieter and quicker than exchange...
by dratkinson
Sat Feb 21, 2015 10:01 pm
 
Forum: Personal Consumer Issues
Topic: Accurate home blood pressure monitor?
Replies: 42
Views: 6363

Re: All-World ex-US vs Total International Stock

Remembering. Back in the day when VGTSX was a fund of funds, it didn't qualify for the foreign tax credit, so you bought its three components: Europe, Pacific, and Emerging Markets funds. The FTSE fund solved the FTC problem, but lost EM. I thought the FTSE fund had EM all along at least it did whe...
by dratkinson
Sat Feb 21, 2015 9:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: All-World ex-US vs Total International Stock
Replies: 19
Views: 2281

Re: All-World ex-US vs Total International Stock

Remembering. Back in the day when VGTSX was a fund of funds, it didn't qualify for the foreign tax credit, so you bought its three components: Europe, Pacific, and Emerging Markets funds. The FTSE fund solved the FTC problem, but lost EM.
by dratkinson
Fri Feb 20, 2015 10:19 am
 
Forum: Investing - Help with Personal Investments
Topic: All-World ex-US vs Total International Stock
Replies: 19
Views: 2281

Re: What is your favorite consumer product?

Invisible Fence -- lets my dog enjoy our yard for hours in good weather. In today's 1 degree cold, lets her do her business quickly while I finish my cup of coffee in the warm kitchen. As close to priceless as it gets in my life. I had a friend whose dog disappeared from his yard when he had one of...
by dratkinson
Fri Feb 20, 2015 9:56 am
 
Forum: Personal Consumer Issues
Topic: What is your favorite consumer product?
Replies: 174
Views: 11208

Re: Reward checking account paying 3+% interest -- good idea

I've thought before about these types of accounts, but never could figure out a way to automate the required transactions so I wouldn't forget and owe the fee. As this 3+% is taxable, just decided to buy more stocks as LTCGs receive favorable tax treatment, but ordinary interest does not. Over the l...
by dratkinson
Fri Feb 20, 2015 9:48 am
 
Forum: Personal Finance (Not Investing)
Topic: Reward checking account paying 3+% interest -- good idea?
Replies: 5
Views: 892

Re: American Funds departure or stay?

Research "sunk cost fallacy", as you seem to be responding to this behavioral error. Call Vanguard and have them initial your Roth IRA transfer to them. If you have not done so, make your 2014 Roth contribution before 15 April. Most of us have a "friend" story. I bought whole lif...
by dratkinson
Thu Feb 19, 2015 7:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: American Funds departure or stay?
Replies: 17
Views: 874

Re: Has anyone restored windows?

My house is not as old as yours, but it still has the original single-pane aluminum windows, but vinyl storm windows were added later. Checked on an Energy Star (.gov) website where you enter your home description, utility bills, appliances info, and it recommends upgrade idea. Long story short: it ...
by dratkinson
Wed Feb 18, 2015 3:50 am
 
Forum: Personal Consumer Issues
Topic: Has anyone restored windows?
Replies: 25
Views: 1939

Re: Cast Iron Skillet Cooking

Speaking of cornbread. I remember my parent's cornbread as being sweet, but long ago forgot recipe. It was cooked in a CI skillet with a broken handle, so like a large cake pan. Come forward to today. At supper with friends, enjoyed their cornbread and asked about recipe. Turned out it was from a bo...
by dratkinson
Wed Feb 18, 2015 3:08 am
 
Forum: Personal Consumer Issues
Topic: Cast Iron Skillet Cooking
Replies: 109
Views: 13614

Re: Tax Exempt Investing

Only other gotcha I can think of is the Alternative Minimum Tax. SS taxation. Given: We have one total fixed income investment. When I look at the SS tax worksheet, I see ordinary dividends (from higher-yield taxable bonds, if that is our choice) come in on line 3. Tax exempt dividends (from lower-y...
by dratkinson
Tue Feb 17, 2015 2:55 am
 
Forum: Investing - Help with Personal Investments
Topic: Tax Exempt Investing
Replies: 11
Views: 1165
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