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Re: Charitable Contribution from IRA

You can either exclude the QCD from income, or deduct it as an itemized deduction. You cannot do both. No double dipping!! If you itemize anyway without the donation, doing either has the same effect. If you don't itemize without the donation, you actually double dip up to the top of the standard d...
by jsl11
Wed Dec 17, 2014 1:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Charitable Contribution from IRA
Replies: 13
Views: 533

Re: freezer door won't stay closed GE profile

We have a GE French Door model, so the refrigerator doors are side-by-side. There is a small latch at the top of each of those doors. Does your fridge have such latches, and if so, are they in working order?
Jeff
by jsl11
Mon Dec 15, 2014 11:06 pm
 
Forum: Personal Consumer Issues
Topic: freezer door won't stay closed GE profile
Replies: 8
Views: 841

Re: How FINRA saved my Grandma's bacon

The last time I looked up the rules for stopping a check, it said that the stoppage would only be in effect for 6 months. So, even if a check was stopped, it might be possible for it to be cashed after that time. OP may wish to ask the bank if any such problem could occur. For such a large amount, i...
by jsl11
Mon Dec 15, 2014 4:40 pm
 
Forum: Investing - Theory, News & General
Topic: How FINRA saved my Grandma's bacon
Replies: 21
Views: 1999

Re: 3-funds, annual rebalancing, and then what??

I would suggest that it would help to not be so nervous about your investments. The market goes up, so? The market goes down, so? You know very well that the market goes up and down. If your allocation is right, there should be nothing to be concerned about. Personally, I watch it every day. I also ...
by jsl11
Sun Dec 14, 2014 6:40 pm
 
Forum: Investing - Theory, News & General
Topic: 3-funds, annual rebalancing, and then what??
Replies: 17
Views: 1189

Re: What is a move-up car after mid-size sedan?

Two other good possibilities are the Toyota Avalon, or the Acura of your choice.
Jeff
by jsl11
Sat Dec 13, 2014 8:32 pm
 
Forum: Personal Consumer Issues
Topic: What is a move-up car after mid-size sedan?
Replies: 63
Views: 4011

Re: TIPS Mutual Funds

A related question: If you hold a Vanguard TIPS fund, do you hold the shorter fund, the longer fund, or some of each?
Jeff
by jsl11
Sat Dec 13, 2014 2:23 pm
 
Forum: Investing - Theory, News & General
Topic: TIPS Mutual Funds
Replies: 42
Views: 2863

Re: Is it worth purchasing Ibonds on the verge retirement?

N52570 wrote:Ok good! Do I need to purchase it before the end of the year for 2014 or do I have until April 15th?
Thanks everyone.

If you want an allocation for 2014, the end of December is your deadline. In January, you can purchase another 10K as your 2015 allocation if you wish.
by jsl11
Thu Dec 11, 2014 2:06 pm
 
Forum: Investing - Theory, News & General
Topic: Is it worth purchasing Ibonds on the verge retirement?
Replies: 25
Views: 2437

Re: Why are high 401k fees maintained in competitive equilib

This is certainly true. The reasons this does not exist are political and beyond the scope of this board. Jeff Is it beyond the scope? This board is titled "Theory" so I assume all theory goes, including economic theory and political theory. Or if you do restrict it to investment theory, ...
by jsl11
Wed Dec 10, 2014 9:28 pm
 
Forum: Investing - Theory, News & General
Topic: Why are high 401k fees maintained in competitive equilibrium
Replies: 46
Views: 2151

Re: Why are high 401k fees maintained in competitive equilib

rca1824 wrote:It seems we would all be better off if individuals had the right to completely replace 401ks with IRAs, and have their employer match paid directly into their IRA of choice.
This is certainly true. The reasons this does not exist are political and beyond the scope of this board.
Jeff
by jsl11
Wed Dec 10, 2014 12:02 pm
 
Forum: Investing - Theory, News & General
Topic: Why are high 401k fees maintained in competitive equilibrium
Replies: 46
Views: 2151

Re: Why are high 401k fees maintained in competitive equilib

Companies choose those plans so the employees will pay the fees instead of the employer. This makes it a low cost plan for the company. The plans that are low cost for the employees generally cost the employer more than the other ones. In other words, someone has to pay the fees.
Jeff
by jsl11
Tue Dec 09, 2014 7:30 pm
 
Forum: Investing - Theory, News & General
Topic: Why are high 401k fees maintained in competitive equilibrium
Replies: 46
Views: 2151

Re: Instruments and kids

As for buying instruments. Every one we have bought has been quality instruments. A decent mid-high end digital piano and decent band and orchestra instruments. Don't regret that one bit although the price can be a bite. I definitely believe in putting real instruments in kids hands not toys or pie...
by jsl11
Tue Dec 09, 2014 11:45 am
 
Forum: Personal Consumer Issues
Topic: Instruments and kids
Replies: 31
Views: 1915

Re: Car Repair

However, if you spend 3K to repair the 12 year old car, all the rest of the parts are old and higher mileage. So, other expensive repairs may follow soon. With a newer car, it may be very reliable once the 3K repair is done.
by jsl11
Mon Dec 08, 2014 10:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Car Repair
Replies: 1
Views: 339

Re: Withholding of Taxes on MRDs

For federal taxes, Vanguard will withhold 0%, 10% or more than 10%, whatever you request. They will not withhold 1% to 9%.
For state taxes, Vanguard will withhold for some states but not for others. Contact Vanguard to learn the policy for your state.
Jeff
by jsl11
Mon Dec 08, 2014 5:11 pm
 
Forum: Investing - Theory, News & General
Topic: Withholding of Taxes on MRDs
Replies: 8
Views: 581

Re: Zion National Park

I would also suggest a stop at Bryce Canyon. It is not too far, and well worth the time to see it. It is a magical place.
Jeff
by jsl11
Sat Dec 06, 2014 10:26 pm
 
Forum: Personal Consumer Issues
Topic: Zion National Park
Replies: 16
Views: 1180

Re: Vanguard cd question [Brokered CDs]

I believe that some brokered CDs are callable.
Jeff
by jsl11
Sat Dec 06, 2014 8:48 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard cd question [Brokered CDs]
Replies: 17
Views: 1971

Re: Instruments and kids

Both kids started at age ten. He played trumpet and she played clarinet. They both played through college years. They played in concert, marching, and jazz bands. My daughter travelled to Europe on a concert tour. It was a worthwhile experience for both of them.
Jeff
by jsl11
Sat Dec 06, 2014 8:41 pm
 
Forum: Personal Consumer Issues
Topic: Instruments and kids
Replies: 31
Views: 1915

Re: Anyone have Bank pay incorrect RMD?

It is a little unclear as to how the bank is paying the interest, whether daily or monthly. I've calculated what the RMDs would have been both ways and it matters very little, particularly at these pathetic interest rates. RMDs are calculated based on the account balance as of December 31 of the pr...
by jsl11
Sat Dec 06, 2014 1:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anyone have Bank pay incorrect RMD?
Replies: 12
Views: 1100

Re: Long-Lasting Incandescents + LED Question

When we moved in, there were two CFL bulbs in the garage door opener - which burned out very quickly. From what I've read, CFLs should not be used in this situation because of the physical vibrations. We replaced with LEDs and they are functioning great. I had just the opposite result. I had incand...
by jsl11
Fri Dec 05, 2014 5:45 pm
 
Forum: Personal Consumer Issues
Topic: Long-Lasting Incandescents + LED Question
Replies: 64
Views: 4859

Re: Someone tried to login to my vanguard account yesterday

Meh... happens at least 4 times a year to me (got the usual letter earlier in the week as I expect it around quarter end)... Vanguard refuses to fix the issue even though they can see what's happening (talked to their x level support not just phone reps)... it's another customer who cannot remember...
by jsl11
Fri Dec 05, 2014 11:25 am
 
Forum: Investing - Theory, News & General
Topic: Someone tried to login to my vanguard account yesterday
Replies: 29
Views: 2955

Re: Buying a kids first car -- considerations?

You seem to be concerned about cost and convenience for you and your child. I would suggest that her safety should be the prime concern. In general, my opinion is that high school students should not have their own car. The convenience is not worth the risk. I remember when I learned to drive and d...
by jsl11
Thu Dec 04, 2014 11:16 pm
 
Forum: Personal Consumer Issues
Topic: Buying a kids first car -- considerations?
Replies: 25
Views: 2578

Re: Buying a kids first car -- considerations?

You seem to be concerned about cost and convenience for you and your child. I would suggest that her safety should be the prime concern. In general, my opinion is that high school students should not have their own car. The convenience is not worth the risk. I remember when I learned to drive and du...
by jsl11
Thu Dec 04, 2014 5:01 pm
 
Forum: Personal Consumer Issues
Topic: Buying a kids first car -- considerations?
Replies: 25
Views: 2578

Re: Hypothetical - Index Funds Don't Exist

I would invest in low cost Vanguard active mutual funds. Some of these have expense ratios not much more than index funds.
Jeff
by jsl11
Thu Dec 04, 2014 4:43 pm
 
Forum: Investing - Theory, News & General
Topic: Hypothetical - Mutual Funds Don't Exist
Replies: 26
Views: 1814

Re: Low Price Nikon Camera

Thanks to everyone for their comments and advice. Even though the price is attractive, I have decided that this is not the camera for me.
Jeff
by jsl11
Thu Dec 04, 2014 10:58 am
 
Forum: Personal Consumer Issues
Topic: Low Price Nikon Camera
Replies: 31
Views: 1754

Low Price Nikon Camera

I was in the local Costco store today and saw a special price on a Nikon Coolpix L830. It is the complete kit including a case, strap, and an 8GB card. This camera has a 34X optical zoom and a 68X total zoom. It has other features such as image stability, image tracking, 1080p video recording and st...
by jsl11
Wed Dec 03, 2014 6:11 pm
 
Forum: Personal Consumer Issues
Topic: Low Price Nikon Camera
Replies: 31
Views: 1754

Re: How do you rebalance?

Other choices:
In the accumulation phase, you can rebalance with contributions.
In the withdrawal phase, you can rebalance with withdrawals.
Jeff
by jsl11
Wed Dec 03, 2014 2:20 am
 
Forum: Investing - Theory, News & General
Topic: How do you rebalance?
Replies: 40
Views: 3141

Re: Will Vanguard ever offer a passbook savings account?

Not going to happen. The way a bank makes money on deposits, Checking but especially Savings, to to create a loan portfolio that uses those funds as the source to support the loans. That would put Vanguard in the lending business, a place where they surely don't want to be - way outside their core ...
by jsl11
Tue Dec 02, 2014 10:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Will Vanguard ever offer a passbook savings account?
Replies: 36
Views: 2355

Re: Will Vanguard ever offer a passbook savings account?

Not going to happen. The way a bank makes money on deposits, Checking but especially Savings, to to create a loan portfolio that uses those funds as the source to support the loans. That would put Vanguard in the lending business, a place where they surely don't want to be - way outside their core ...
by jsl11
Tue Dec 02, 2014 10:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Will Vanguard ever offer a passbook savings account?
Replies: 36
Views: 2355

Re: Commission fees and monthly contributioins

If you want a fund that is not included in a 401k plan, perhaps putting it in an IRA would be a good option.
Jeff
by jsl11
Tue Dec 02, 2014 8:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: My investment choices
Replies: 8
Views: 248

Re: Will Vanguard ever offer a passbook savings account?

True, but what is the advantage of doing that through a bank affiliated with VG vs any other bank. Nothing stopping anyone from doing it today. The advantage is that VG would not need to get involved with all the complications and requirements for being in the banking business. They would just be a...
by jsl11
Tue Dec 02, 2014 5:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Will Vanguard ever offer a passbook savings account?
Replies: 36
Views: 2355

Re: Things to do on new year's eve..

I would suggest that it is more important to be aware of things to do before the end of the old year rather than what to do in the new year. The end of the year is a deadline for some important things you may need to do. January activities are less urgent.
Jeff
by jsl11
Tue Dec 02, 2014 5:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Things to do on new year's eve..
Replies: 18
Views: 2164

Re: Will Vanguard ever offer a passbook savings account?

If it is not practical for Vanguard to open a bank, it may be possible for them to offer bank products by arrangement with an existing bank. They have done similar things with insurance companies for term insurance and annuities. Jeff It seems to me if they owned a bank it would be a separate entit...
by jsl11
Tue Dec 02, 2014 5:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Will Vanguard ever offer a passbook savings account?
Replies: 36
Views: 2355

Re: Will Vanguard ever offer a passbook savings account?

If it is not practical for Vanguard to open a bank, it may be possible for them to offer bank products by arrangement with an existing bank. They have done similar things with insurance companies for term insurance and annuities.
Jeff
by jsl11
Tue Dec 02, 2014 5:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Will Vanguard ever offer a passbook savings account?
Replies: 36
Views: 2355

Re: Valuation of EE Savings Bonds

The Dan wrote: It highlights the need to keep your heirs informed of the value of your saving bond holdings, especially since TreasuryDirect doesn't issue statements. I bet that in the coming years, lots of electronic savings bonds will end up going unredeemed.

This is why some greatly prefer paper bonds.
by jsl11
Tue Dec 02, 2014 2:29 pm
 
Forum: Investing - Theory, News & General
Topic: Valuation of EE Savings Bonds
Replies: 48
Views: 3712

Re: Spending changes in retirement? Vanguard CFP

I would suggest that for the first 5 years, the main variable would be travel. Travel is the one major item that is limited by the requirement to be "on the job" every day. Of course, when you retire, that restriction is gone, and you are free to travel as much as you like (and can afford)...
by jsl11
Tue Dec 02, 2014 1:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Spending changes in retirement? Vanguard CFP
Replies: 9
Views: 769

Re: STRS Ohio Choice - What to do?

Although you did not say, presumably you are aware that the Ohio STRS arrangements are in lieu of Social Security. Accordingly, I would suggest the DB option and do the DC investing outside of STRS. Having a regular fixed "paycheck" deposited in your checking account during retirement is a...
by jsl11
Tue Dec 02, 2014 1:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: STRS Ohio Choice - What to do?
Replies: 15
Views: 1141

Re: Looking for affordable winter activities.

It seems that everyone is suggesting outdoor activities. However, when the winter weather is not so nice, an indoor activity may be preferable. My activity is Duplicate Bridge. It is always warm and dry in the bridge clubs. The cost for 3 hours of entertainment is $6.00 to $7.50 in my area. For info...
by jsl11
Mon Dec 01, 2014 9:45 pm
 
Forum: Personal Consumer Issues
Topic: Looking for affordable winter activities.
Replies: 19
Views: 1635

Re: Small,Mid,Sp500 vs total stock market : VANGUARD

A separate fund for Healthcare is just a marketing scheme, to attract your money to a fund for which they can charge more than an index fund. It won't succeed in improving your results because the market has already adjusted the valuations of healthcare firms for the anticipated boom in healthcare....
by jsl11
Mon Dec 01, 2014 12:25 am
 
Forum: Investing - Help with Personal Investments
Topic: Small,Mid,Sp500 vs total stock market: Vanguard
Replies: 23
Views: 2013

Re: Tax deductions for donating a lot

I also realize any similar items combined that total $5000 require me to hire a person to appraise the items in order to deduct them. I'll probably have to do this with many of the clothing items because their garages are filled. Any suggestions? It should be noted that used clothing is worth only ...
by jsl11
Mon Dec 01, 2014 12:16 am
 
Forum: Personal Finance (Not Investing)
Topic: Tax deductions for donating a lot
Replies: 20
Views: 1422

Re: Long-Lasting Incandescents + LED Question

There are several reasons why CFLs may fail prematurely. Sometimes it's an incompatible fixture type, sometimes it's other factors like excess vibration (CFLs don't like that.) My garage door opener has two bulbs in it. The original incandescent bulbs lasted only a year or so, apparently due to the...
by jsl11
Sun Nov 30, 2014 10:38 pm
 
Forum: Personal Consumer Issues
Topic: Long-Lasting Incandescents + LED Question
Replies: 64
Views: 4859

Re: Torn between paying down mortgage or investing

I would suggest option "A". 3.375% guaranteed is an excellent rate for the 2 to 3 years it will be tied up. After you buy your new house, and pay all the additional and unexpected expenses, you will know for sure how much is left over to invest. You can decide then what to do with any &quo...
by jsl11
Sun Nov 30, 2014 5:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Torn between paying down mortgage or investing
Replies: 5
Views: 658

Re: Safe Withdrawal Rates - Is the 4% rule still good?

Is there really anyone who thinks when they actually get to retirement they can spend a level 4% and nothing bad can happen? IOW there seems some element of knocking over a straw man in criticizing 'safe withdrawal rate' when it comes to all but the most naive investors. I would suggest that the te...
by jsl11
Sun Nov 30, 2014 5:00 pm
 
Forum: Investing - Theory, News & General
Topic: Safe Withdrawal Rates - Is the 4% rule still good?
Replies: 84
Views: 7956

Re: How much to have Vanguard withhold on RMD

... The federal government requires a minimum of 10% Do you mean you can't withhold between 1-9%? As I mentioned previously I don't have anything withheld. At Vanguard, you can withhold zero, or any amount of 10% or more. Vanguard will not withhold 1 to 9%. In addition, do not forget state income t...
by jsl11
Sun Nov 30, 2014 4:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much to have Vanguard withhold on RMD
Replies: 36
Views: 2651

Re: Where to put extra non retirement money?

If you plan on buying a house in the next year, you should be saving for the down payment and other costs associated with moving. A new house will generally include renovations and repairs, some new furniture, and perhaps appliances, and perhaps some new tools and equipment. So, unless you have alre...
by jsl11
Sat Nov 29, 2014 7:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where to put extra non retirement money?
Replies: 8
Views: 1263

Re: How much to have Vanguard withhold on RMD

Hello all My wife will be taking RMDs on an inherited traditional IRA this year, first time. Question: Vanguard asks how much withhold - How much is best? Do you do the 10% suggested? Do you figure out your expected tax rate and do that? Does it really matter? Will we get penalized if we only withh...
by jsl11
Sat Nov 29, 2014 2:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much to have Vanguard withhold on RMD
Replies: 36
Views: 2651

Re: TV buying recommendations

DSInvestor wrote:We're very happy with our Samsung LED TVs.

We are too. Costco is a good place to buy them.
by jsl11
Sat Nov 29, 2014 11:50 am
 
Forum: Personal Consumer Issues
Topic: TV buying recommendations
Replies: 44
Views: 3029

Re: How to anticipate yearly cost for paid-off home

It's hard to predict these costs. For example, you may have an association fee, or you may not. Repairs and maintenance on an older home can be much more than on a newer one. Winter heating cost is greatly dependent on insulation and windows. Wood siding needs to be painted, vinyl siding does not. H...
by jsl11
Fri Nov 28, 2014 12:14 am
 
Forum: Personal Finance (Not Investing)
Topic: How to anticipate yearly cost for paid-off home
Replies: 7
Views: 1350

Re: Safe Withdrawal Rates - Is the 4% rule still good?

Is there really anyone who thinks when they actually get to retirement they can spend a level 4% and nothing bad can happen? IOW there seems some element of knocking over a straw man in criticizing 'safe withdrawal rate' when it comes to all but the most naive investors. I would suggest that the te...
by jsl11
Thu Nov 27, 2014 12:58 pm
 
Forum: Investing - Theory, News & General
Topic: Safe Withdrawal Rates - Is the 4% rule still good?
Replies: 84
Views: 7956

Re: Valuation of EE Savings Bonds

By the way, as an interesting side note, at least to me, but maybe no one else, E bonds when they first came out in something like 1939, were called, or maybe it was the law title, was something like "retirement savings bonds." The idea was that you could buy the bonds hold them for up to...
by jsl11
Wed Nov 26, 2014 6:17 pm
 
Forum: Investing - Theory, News & General
Topic: Valuation of EE Savings Bonds
Replies: 48
Views: 3712

Re: Physician Assistant - Employee or Independent Contractor

Raymond wrote:Looking at this link (INDEPENDENT CONTRACTOR TEST - INTERNAL REVENUE SERVICE) I think my situation does not pass the test.

It seems you have answered your own question.
by jsl11
Wed Nov 26, 2014 2:33 am
 
Forum: Personal Finance (Not Investing)
Topic: Physician Assistant - Employee or Independent Contractor?
Replies: 25
Views: 2473

Re: CapitalOne360 won't give me an ATM-only card?

My bank offers an ATM only card, but they charge $1 per month for that where there is no charge for the debit card. I asked for the ATM only card, and asked them to waive the charge. Much to my surprise, they agreed.
by jsl11
Tue Nov 25, 2014 7:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: CapitalOne360 won't give me an ATM-only card?
Replies: 22
Views: 1869
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