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Re: Helping my sister consolidate to Vanguard after 30 yrs

Probably the best thing to do is transfer everyhing over, then gradually convert over. Looks like the funds er are <1%, better than 1.5 aum fee plus underlying fund fees. The savings in er will eventually make up for the 15%. Capital gains tax. Hope for a down year to get some tax loss harvesting. M...
by mhalley
Mon Jul 21, 2014 6:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Helping my sister consolidate to Vanguard after 30 yrs
Replies: 6
Views: 827

Re: How would you handle this situation if it was you.

School can be very helpful in your career, but many people get degrees in "german polka history" and then realize they can't get a job related to their field of study. What kind of career do you want? The rule of thumb is to not have more than a years worth of salary in student loan debt. ...
by mhalley
Mon Jul 21, 2014 6:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: How would you handle this situation if it was you.
Replies: 15
Views: 1909

Re: Apple TV

The wireless G speed (54mb/sec is what is the old technology, the direct ethernet connection does away with that bottleneck. so as long as you don't mind having to directly hook it up to the router then it is no problem. Since you are an Apple guy,I agree that you should look into getting one of the...
by mhalley
Sat Jul 19, 2014 3:23 am
 
Forum: Personal Consumer Issues
Topic: Apple TV
Replies: 33
Views: 1923

Re: Unlimited Book Subscription vs Amazon Kindle Unlimited

I just put up a post regarding the new kindle unlimited plan. I went ahead and signed up as the first month is free. I posted a link at the other post that points to the list of books available, but I will post it again here. http://www.amazon.com/b/ref=s9_al_bw_brwse?_encoding=UTF8&node=9069934...
by mhalley
Fri Jul 18, 2014 10:46 pm
 
Forum: Personal Consumer Issues
Topic: Unlimited Book Subscription vs Amazon Kindle Unlimited
Replies: 7
Views: 1323

Re: Options/guidance for a lazy person to be fit

Motivation is a quandary. Certainly I knew I was fat and out of shape before I finally decided to do something about it. As a physician, I knew how unhealthy my sedentary lifestyle and poor diet was. Everyone has that final straw that pushes them over the edge, whether it is weighing yourself and be...
by mhalley
Fri Jul 18, 2014 7:23 pm
 
Forum: Personal Consumer Issues
Topic: Options/guidance for a lazy person to be fit
Replies: 79
Views: 5097

Kindle Unlimited

For those who enjoy reading in the ebook format, Kindle just came out with their new netflix/spotify program for books, Kindle Unlimited. For 9.99 a month, you can read up to 10 books at a time from their kindle unlimited list. Currently about 600k titles , tho 100k are in foreign languages. For hea...
by mhalley
Fri Jul 18, 2014 7:03 pm
 
Forum: Personal Consumer Issues
Topic: Kindle Unlimited
Replies: 0
Views: 403

Re: Apple TV

All of these type devices depend on having fast internet service to get decent picture/sound quality. If you don't have the internet speed, then you are not going to have a good experience. If you have good basic internet speed, then there could be several problems. Are you hooked up wired are wirel...
by mhalley
Fri Jul 18, 2014 7:28 am
 
Forum: Personal Consumer Issues
Topic: Apple TV
Replies: 33
Views: 1923

Re: Options/guidance for a lazy person to be fit

I recently lost 80 pounds after becoming a couch potato and eating everything in site for way too long. The factor that did it for me was when I realized that I was closer to 300 than to 200 pounds. That really motivated me to do something. I did it using calorie counting using the MYFITNESSPAL app ...
by mhalley
Fri Jul 18, 2014 6:54 am
 
Forum: Personal Consumer Issues
Topic: Options/guidance for a lazy person to be fit
Replies: 79
Views: 5097

Re: Please approve my asset allocation!

There are many roads to dublin, so there are many permutations using these funds. You might consider total stock market instead of S&P 500. Your proposed portfolio seems reasonable. Check out some of these portfolios:
http://whitecoatinvestor.com/150-portfo ... han-yours/

Mike
by mhalley
Fri Jul 18, 2014 4:25 am
 
Forum: Investing - Help with Personal Investments
Topic: Please approve my asset allocation!
Replies: 16
Views: 1022

Re: Is this a Vanguard quirk?

I don't know what Vanguard's thinking is. It would probably take longer to transfer the account than to do an online will kit, assuming that would be adequate to your estate planning needs.
Mike
by mhalley
Wed Jul 16, 2014 1:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is this a Vanguard quirk? [Adding beneficiaries to account]
Replies: 20
Views: 2313

Re: Birthday gift for a 10 year old girl

Sorry, should have been more specific. I was talking about the ipod touch. You are correct about the multiplicity of ipods.
Mike
by mhalley
Sun Jul 13, 2014 8:09 pm
 
Forum: Personal Consumer Issues
Topic: Birthday gift for a 10 year old girl
Replies: 28
Views: 1431

Re: Birthday gift for a 10 year old girl

Ipods can connect to the internet, assuming you have wifi (or go to mcdonalds) they basicly do everything an iphone can when they are connected to a wifi network, they just can't do it by themselves. My grandaughter turned 11 yesterday, and she wanted some toys that go with the skylanders video game...
by mhalley
Sun Jul 13, 2014 11:19 am
 
Forum: Personal Consumer Issues
Topic: Birthday gift for a 10 year old girl
Replies: 28
Views: 1431

Re: Planning to purchase first home - need education

Make sure you have a good home inspection and have the homeowners correct any major problems. Remember that lots of things are negotiable. Sometimes you can get the homeowner to pay part of the closing costs. Visit the neighborhood at several times of day and several days of the week. Who knows, per...
by mhalley
Sun Jul 13, 2014 5:02 am
 
Forum: Personal Finance (Not Investing)
Topic: Planning to purchase first home - need education
Replies: 11
Views: 1310

Re: Questions on my 401k options

It doesn't just invest in bonds, it does swaps, derivatives, options, futures contracts, etc etc. that is prbly why thos numbers arw weird. you can see exactly what it invests in by reading the prospectus.
Mike
by mhalley
Fri Jul 11, 2014 3:13 am
 
Forum: Investing - Help with Personal Investments
Topic: Questions on my 401k options
Replies: 6
Views: 784

Re: Online classes?

by mhalley
Fri Jul 11, 2014 1:35 am
 
Forum: Investing - Theory, News & General
Topic: Online classes?
Replies: 7
Views: 1036

Re: Realtor Recommendations in General and for Fishers, Indi

You might start by getting a recommendation from the National Assn of Exclusive Buyers Agents http://naeba.org/?gclid=CjwKEAjw8_idBRCExfC15My3owwSJACSDX_WITSSn_ogGcUSh4bS976IVtYJ8c5Utcth2c-lAoGcGxoC5orw_wcB Then you could interview them, or else look at a review website such as Angies List or Yelp. ...
by mhalley
Fri Jul 11, 2014 1:20 am
 
Forum: Personal Consumer Issues
Topic: Realtor Recommendations in General and for Fishers, Indiana
Replies: 4
Views: 772

Re: What to invest in with Vanguard?

What do you want to invest the money for? Do you want it for retirement, or for a goal not so far down the road, such as a car or a house down payment? You talk about retirement saving, but also talk about keeping it "liquid" which implies you want to use it sooner than 40 yrs from now. I ...
by mhalley
Thu Jul 10, 2014 5:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: What to invest in with Vanguard?
Replies: 19
Views: 2666

Re: The value of a ROTH conversion in retirement

What do people think the maximim you should convert in a year, assuming no ss yet, living expenses drawn from taxable. Convert up to 15%, 25% income tax? Bracket? I-orp is recommending i do up to 25%.
Mike
ps I tried to use the Retire module spreadsheet, and it made my head hurt.
by mhalley
Wed Jul 09, 2014 11:24 pm
 
Forum: Investing - Theory, News & General
Topic: The value of a ROTH conversion in retirement
Replies: 21
Views: 2795

Re: Separate taxable account for <10 year time horizon

Those all sound like reasonable choices given your ability to take risk with them. I don't know if 25% is a high enuff bracket to justify the tax exempt fund. I'm too lazy to look at the yields right now. http://www.aaii.com/journal/article/munis-vs-taxables-how-to-determine-the-taxable-equivalent-y...
by mhalley
Tue Jul 08, 2014 10:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Separate taxable account for <10 year time horizon
Replies: 4
Views: 851

Re: Help holding persoanl finance workshops

How about reaching out to local civic clubs? Perhaps organizations such as thr jaycees, lions club, shriners, rotary, etc?
Mike
by mhalley
Tue Jul 08, 2014 10:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help holding persoanl finance workshops
Replies: 18
Views: 1313

Re: Toys for a Lazy Cat

You could always automate the laser pointer so you don't have to do it yourself.
http://www.amazon.com/FroliCat-BOLT-Int ... _lmf_tit_3
Mike
by mhalley
Mon Jul 07, 2014 7:16 pm
 
Forum: Personal Consumer Issues
Topic: Toys for a Lazy Cat
Replies: 46
Views: 2871

Re: Replacing the front door to house

I think the reason is that it is much harder to hang a door than to put in a pre-hung door. It will be much more in labor cost if it doesn't want to hang exactly right. . Certainly you can order just the door, but it can be a real pain to get them to hang right. I had to adjust one of my interior be...
by mhalley
Mon Jul 07, 2014 7:02 pm
 
Forum: Personal Consumer Issues
Topic: Replacing the front door to house
Replies: 20
Views: 3042

Re: Vanguards Devil's Advocate

Well, there are a lot of other schools of thought. One is that you can pick your own stocks, by doing the appropriate research. Jim Cramer is the main proponent of this right now. He has lots of books out to show you how by doing your "homework" you can "get rich carefully" Anoth...
by mhalley
Sun Jul 06, 2014 5:35 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguards Devil's Advocate
Replies: 55
Views: 7117

Re: rmds [Required Minimum Distributions]

Whether to take all of the money from the ira vs taxable depends on several things. It might be a combination, taking only enough from ira to reach say 15% tax rate and the res from taxable if you have enough there to cover your living expenses. You will want to minimize taxes as much as possible. A...
by mhalley
Sun Jul 06, 2014 5:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: rmds [Required Minimum Distributions]
Replies: 10
Views: 1141

Re: Am I on the right track at age 34?

Here is a chart about how much people should have saved by age and salary: http://www.businessinsider.com/retirement-savings-guide-2014-3 at 35 and 100k salary, it says you should have 150k. So looks like you are on relatively on track. (note that the chart states it is for retirement at age 65, but...
by mhalley
Sat Jul 05, 2014 7:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Am I on the right track at age 34?
Replies: 19
Views: 2276

Re: Evaluating annuities, agent non-responsive

It is unbelievable that the person that made the huge commission off this elder will not even return a phone call. I would call this salesmans superior to complain, perhaps even make a complaint to the state regulatory board. Perhaps vanguard could help to evaluate them? https://investor.vanguard.co...
by mhalley
Sat Jul 05, 2014 6:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Evaluating annuities, agent non-responsive
Replies: 6
Views: 557

Re: Rolling over a 401(k) questioin

Is he over 59 1/2? Will he/you be taking ss? Are you still working? You might consider doing partial rollovers into roth iras for several years to minimize future rmds. Run the numbers at i-orp using different scenarios, And see if that might be an option.
http://www.i-orp.com/
Mike
by mhalley
Sat Jul 05, 2014 3:23 am
 
Forum: Personal Finance (Not Investing)
Topic: Rolling over a 401(k) question
Replies: 8
Views: 807

Re: Worried about my parents' financial health

Dave Ramsey often has similar calls to his radio show (more along the lines of parents with extreme debt, but also with regards to savings/investing. He often quotes something referred to as "Powdered Butt Syndrome"." Here are a couple of links about it: http://www.daveramsey.com/inde...
by mhalley
Fri Jul 04, 2014 11:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Worried about my parents' financial health
Replies: 10
Views: 1082

Re: FICO Scores: Which one do you get?

I don't pay for mine. I use CreditKarma and review my credit reports annually at annualcreditreport.com.

https://www.creditkarma.com/


https://www.annualcreditreport.com/index.action


Mike
by mhalley
Fri Jul 04, 2014 4:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: FICO Scores: Which one do you get?
Replies: 20
Views: 1695

Decumulation accounts, Open Fidelity Cash MGT?

Getting ready to retire in Oct and thinking of how best to set up my withdrawals. All of my taxable money is at Vanguard, so that is where the first several years of living expenses will come from. I also have an old 401k at Fidelity, and current 401k at Schwab, and for the first few years I will be...
by mhalley
Thu Jul 03, 2014 7:48 pm
 
Forum: Personal Consumer Issues
Topic: Decumulation accounts, Open Fidelity Cash MGT?
Replies: 8
Views: 799

Re: Time to buy a tv or wait 2 years?

There is always some better technology right around the corner. Right now, there is hardly any 4k content to watch. Will there be a bunch in 2 yrs, 5 yrs, 10 yrs? I dunno. With most things going to streaming, are you gonna be able to stream 4k content? I kinda doubt it. Will there be 4k dvds? Probab...
by mhalley
Thu Jul 03, 2014 12:49 am
 
Forum: Personal Consumer Issues
Topic: Time to buy a tv or wait 2 years?
Replies: 66
Views: 5682

Re: Formula for padding portfolio for crash

I think everyone has this fear as they approach retirement. I am scheduled to retire in Oct this year, and I keep debating with myself about whether I should rebalance to a little safer aa. At 50 you do have a higher risk of running out of money due to the extra 10 years your savings will have to la...
by mhalley
Wed Jul 02, 2014 5:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Formula for padding portfolio for crash
Replies: 14
Views: 1217

Re: Re-hired at firm, given incorrect 401k info

I think yiou also need to consider the time value of money in the situation. If he missed out on 2k now, that could be worth 6k or more when he retires, depending on his age. I certainly don't blame the op for being angry, he just needs to curb the anger and be calm and logical in trying to get the ...
by mhalley
Wed Jul 02, 2014 5:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Re-hired at firm, given incorrect 401k info
Replies: 27
Views: 2291

Re: I'm worthless

The good news is that last month you had a negative net worth, so there is no where to go from here but UP!
Keep up the good work and your net worth will sky rocket.
Mike
by mhalley
Wed Jul 02, 2014 5:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: I'm worthless [Net worth is zero]
Replies: 33
Views: 5022

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

Its always better to do a reinstall of software and migrate your data onto a new computer, but it is a pita, so i understand why you want to try moving the hard drive. If you have a large amount of programs and you really don't want to do the reinsttall, i have used laplinks pcmover to migrate in th...
by mhalley
Tue Jul 01, 2014 10:07 pm
 
Forum: Personal Consumer Issues
Topic: Transplant hard drive from old to a new laptop?
Replies: 16
Views: 671

Re: what is my tax bracket after retirement

Thanks for the tip about taxczster, great app
Mike
by mhalley
Tue Jul 01, 2014 2:23 am
 
Forum: Personal Finance (Not Investing)
Topic: what is my tax bracket after retirement
Replies: 11
Views: 1523

Re: Optimal Strategy for IRA/non-IRA accounts (facing RMDs)

You might try running the numbers through I-orp. I-orp is a free online calculator , here is a summary of what it does: The Optimal Retirement Planner (ORP) computes the plan that maximizes your annual retirement spending. Before retirement ORP determines which retirement savings account to contribu...
by mhalley
Mon Jun 30, 2014 6:33 pm
 
Forum: Investing - Theory, News & General
Topic: Optimal Strategy for IRA/non-IRA accounts (facing RMDs)
Replies: 4
Views: 386

Re: Kindle - Which one to buy?

I purchased the very fist kindle when it came out, and I really liked it. Unfortunately I wear glasses, and with my glasses on even with the progressive lenses I had to increase the font size to the point or having to turn the pages quite frequently. So when the IPAD came out and I got one, I starte...
by mhalley
Sat Jun 28, 2014 11:57 pm
 
Forum: Personal Consumer Issues
Topic: Kindle - Which one to buy?
Replies: 36
Views: 2019

Re: Suze Orman or Dave Ramsey?

I wouldn't say Dave is an advocate of Index funds. I was listening the other day when he went on a rant about people who dis his recommendation of using loaded funds, talking about how in the long run you would be much better off finding a loaded mutual fund with a good track record instead of buyin...
by mhalley
Fri Jun 27, 2014 7:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Suze Orman or Dave Ramsey?
Replies: 85
Views: 16278

Re: Factoring In A Pension With Retirement Calculators

ESPlanner does a good job with comparing different scenarios. You can try the basic one and run it through with or without the pension. http://basic.esplanner.com/ I guess the biggest thing to worry about is the stability of the pension. Since it is federal, it is very safe, so I think you can count...
by mhalley
Thu Jun 26, 2014 12:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Factoring In A Pension With Retirement Calculators
Replies: 7
Views: 690

Re: Do frozen fruits have to be washed?

One thing I forgot to mention, most of the contamination seems to come from produce form foreign countries. I think the container has to say where the fruit comes from, so if you see "product of usa" the safety should be better. The law is called COOL labeling (country of origin label) htt...
by mhalley
Mon Jun 23, 2014 3:12 am
 
Forum: Personal Consumer Issues
Topic: Do frozen fruits have to be washed?
Replies: 17
Views: 1496

Re: Fiduciary Account for Non responsible adult

Unfortunately, many folks with mental illness do not take their medication. Whether it is from side effects, money issues, etc etc. Most folks I see in the ED, when I ask if they are taking their pych meds are not taking them. Of course, this is a skewed population, as those that are doing well on t...
by mhalley
Mon Jun 23, 2014 3:03 am
 
Forum: Personal Consumer Issues
Topic: Fiduciary Account for Non responsible adult
Replies: 7
Views: 796

Re: Do frozen fruits have to be washed?

Frozen fruit and vegetables are generally prewashed before freezing. Rarely, hepatitis or listeria outbreaks have been linked to frozen berries. So, if you are a germaphobe, it won't hurt to wash them, but it may not remove all the virus/bacteria. However, if the berries are contaminated, it would b...
by mhalley
Sun Jun 22, 2014 6:09 pm
 
Forum: Personal Consumer Issues
Topic: Do frozen fruits have to be washed?
Replies: 17
Views: 1496

Re: Nurse Practitioner

I am not an np but work with one in my ED in south charleston, wv. I worked with her as a nurse before she went to np school. She certainly enjoys it more than being a nurse. She basically functions independently in our ER, seeing all but the sickest patients. She does all the standard ER stuff exce...
by mhalley
Sun Jun 22, 2014 7:00 am
 
Forum: Personal Finance (Not Investing)
Topic: Nurse Practitioner
Replies: 3
Views: 1059

Re: Credit report for kids?

Apparantly few states have laws that let you freeze a childs credit. The credit bureaus have fought allowing child credit freezes for years. http://www.clarkhoward.com/news/clark-howard/personal-finance-credit/maryland-wants-tackle-child-identity-theft-problem/nLQ8j/ Clark Howard has also talked abo...
by mhalley
Sat Jun 21, 2014 12:18 am
 
Forum: Personal Finance (Not Investing)
Topic: Credit report for kids?
Replies: 5
Views: 464

Re: Risk of rolling IRA into Transamerica 401k?

The biggest thing is to try to be protactive, telling your hr dept how great the 401k is, how it would be a shame if there would be no cheap index funds etc. In my experience the first 401k was bad, the next two were ok but not great. Fotunately they both had a brokerage option where you could by ch...
by mhalley
Thu Jun 19, 2014 11:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Risk of rolling IRA into Transamerica 401k?
Replies: 10
Views: 657

Re: Home Warranty education needed

Clark howard talked about home warrantys the other day. His conclusio -grat for the seller, as it makes the home more attractive, but yhey are generally awful when u actually try to use them.
Mike
by mhalley
Thu Jun 19, 2014 12:04 am
 
Forum: Personal Consumer Issues
Topic: Home Warranty education needed
Replies: 10
Views: 673

Re: Risk of rolling IRA into Transamerica 401k?

There is always a risk that the 401k can change. During my 25 yr career i have had 3 different 401k providers. The risk of the plan changing is definately there. Does that risk justify not transferring the ira over to your 401k? Maybe. How long do you have till retirement? If a relativlely short tim...
by mhalley
Wed Jun 18, 2014 8:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Risk of rolling IRA into Transamerica 401k?
Replies: 10
Views: 657
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