Search found 1212 matches

Return to advanced search

Re: What to say to financial planners/insurance brokers

Someone told me long ago that a good salesman has an answer for everything except "NO".
I have found this to be true.
Just say "no". Repeat as necessary. No explanations, excuses, etc. Just "no".
Especially no explanations, unless you really want to prolong the agony.
by pjstack
Wed Apr 23, 2014 12:02 am
 
Forum: Personal Finance (Not Investing)
Topic: What to say to financial planners/insurance brokers
Replies: 11
Views: 816

Re: Question about Probate cost

P.S. While other states have TOD deeds for real estate, CA is not one of them. https://www.nolo.com/legal-encyclopedia/free-books/avoid-probate-book/chapter5-1.html Yes, that's true. We almost had a law that permitted TOD for houses, but it became over-complicated in the legislature and failed pass...
by pjstack
Mon Apr 21, 2014 5:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Question about Probate cost
Replies: 17
Views: 977

Re: Possible fraud? Getting mail about a car I don't own.

I get occasional letters from a Toyota dealership saying they "need" my model/year Toyota and will pay $xxx for it.

I did not buy my car at that dealership but I did take it in for maintenance once, so I guess I'm on their list forever!
by pjstack
Sun Apr 20, 2014 7:30 pm
 
Forum: Personal Consumer Issues
Topic: Possible fraud? Getting mail about a car I don't own.
Replies: 16
Views: 1406

Re: Tax cost of "one fund in taxable"

I have already taken the OP's approach, and for the same reason. I chose the 60/40 balanced fund, but I also kept a little Total Market to try and balance against my I-Bonds.
by pjstack
Sun Apr 20, 2014 1:49 pm
 
Forum: Investing - Theory, News & General
Topic: Tax cost of "one fund in taxable"
Replies: 7
Views: 1026

Re: Does Vanguard charge Rebalancing fees?

Of course, there are taxes involved if you sell a fund (in taxable accounts, not IRA's).
by pjstack
Fri Apr 18, 2014 12:28 am
 
Forum: Investing - Theory, News & General
Topic: Does Vanguard charge Rebalancing fees?
Replies: 19
Views: 1271

Re: Child's Roth

sscritic wrote:I promised I wouldn't look again, but then see what happened? I am so ashamed of looking stuff up for other people. I really have to stop.

Awwww! I hope you never stop! You are a boon to the instruction-impaired.
by pjstack
Tue Apr 15, 2014 9:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Child's Roth
Replies: 27
Views: 1403

Re: Mother Of Bog! I'm Uncertain/Frightened To Buy Fund

Browse our Wiki, it has a lot of good info and explanations. (The link is on the very top bar, right hand side.)
by pjstack
Sun Apr 13, 2014 11:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: I Really Would Appreciate Your Advice!
Replies: 72
Views: 2732

Re: Making a Will (Young Couple)

That was our logic, and so we bought the software. I like it (keep in mind I don't have anything to compare it to), and also like that I can easily update our documents using it as we have other children without having to go back to a lawyer each time. Actually, after using it now, I feel like I wo...
by pjstack
Sat Apr 12, 2014 2:21 am
 
Forum: Personal Finance (Not Investing)
Topic: Making a Will (Young Couple)
Replies: 16
Views: 1285

Re: Playing Defense

" well versed in technical analysis "? Oh, dear. I'm afraid you are on the wrong forum. Every week here someone posts that they got out/stayed in when "the market" was too high/too low and don't know whether or not to invest now because the market is rising/is falling. It's never...
by pjstack
Fri Apr 11, 2014 8:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Playing Defense [against possible market correction]
Replies: 36
Views: 2950

Re: What's a good credit score?

One way is to decrease your debt to credit ratio. If you can increase your credit limit (and possibly decrease your credit usage) that will help your ratio. Even if you pay off the balance(s) every month (good), you probably have a balance whenever the agency decides to check it, therefore you will ...
by pjstack
Mon Apr 07, 2014 6:40 pm
 
Forum: Personal Consumer Issues
Topic: What's a good credit score?
Replies: 25
Views: 2069

Re: 1 Nice car vs 2 Decent cars (daily driver/weekend car)?

Even when I was single I often had two vehicles. One for work and a van for camping. Some days, when one car was "down" (maybe in the garage for work, or just wouldn't start) it was very convenient to simply drive the other vehicle and sort out whatever problem the other vehicle had at my ...
by pjstack
Sun Apr 06, 2014 12:49 am
 
Forum: Personal Finance (Not Investing)
Topic: 1 Nice car vs 2 Decent cars (daily driver/weekend car)?
Replies: 34
Views: 2513

Re: Auto Accident Advice

This molehill is well on its way to being a mountain!! Let me get this straight: you run into me and you want me to sign a "release"? Suppose I tell you to put your release where the sun don't shine and demand you fork over your insurance information? (I imagine your deductible is greater ...
by pjstack
Fri Apr 04, 2014 4:15 am
 
Forum: Personal Finance (Not Investing)
Topic: Auto Accident Advice
Replies: 31
Views: 1708

Re: Earthquake insurance in California

The problem is that seismologists are quacks, and they stir up either complacency or panic. They make excellent talking heads after a quake, but where they beforehand? At the end of the day, they know as much as Joe Average - not much. Real scientists must be infuriated by the media time these CalT...
by pjstack
Mon Mar 31, 2014 11:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Earthquake insurance in California
Replies: 27
Views: 1436

Re: Poll: how did you decide on stock/bond allocation?

Other: I guessed. I'm not sure if it was the right guess. I'm planning on changing my allocation slowly to see if I like it better.

I could call that "rebalancing", but it's still a guess .
by pjstack
Sun Mar 30, 2014 12:56 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: how did you decide on stock/bond allocation?
Replies: 35
Views: 1862

Re: Paper bonds vs Treasury Direct

I don't understand this sentiment of "I want paper bonds because I don't trust electronic media" or "I'm afraid my heirs will overlook electronic assets"...are all your other assets not electronic? Your stocks funds? Your bond funds? Your CDs? Your savings/checking accounts? How...
by pjstack
Sun Mar 23, 2014 11:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Paper bonds vs Treasury Direct
Replies: 24
Views: 1557

Re: Edward Jones Advisory Solutions account

I see "edventure" bumped up this post after it was almost two years old! That smells to me like an Edward Jones broker (or shill) that has implemented a search engine. It reminds me of the old Morningstar forum days when "brownshoe" would persistently sing the praises of the now ...
by pjstack
Sat Mar 22, 2014 11:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Edward Jones Advisory Solutions account
Replies: 58
Views: 10257

Re: Paper bonds vs Treasury Direct

Going to bank safety deposit box and cashing them in on the spot. Many banks won't cash paper bonds anymore, like mine for example. Which bank is that? Banks are not required to give out more than $1,000 in cash , but if you have an account at that bank they will transfer larger amounts to your acc...
by pjstack
Sat Mar 22, 2014 4:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Paper bonds vs Treasury Direct
Replies: 24
Views: 1557

Re: Issues with income from sharing a home

My opinion, which I have expressed in other threads, is that the tax law never intended to include arrangements such as this, in which expenses in living arrangements are shared. I don't think this is any different than many other transactions in daily life such as buying someone lunch or picking u...
by pjstack
Fri Mar 21, 2014 3:04 am
 
Forum: Personal Finance (Not Investing)
Topic: Issues with income from sharing a home
Replies: 17
Views: 706

Re: Using Life Expectancy Tables for RMD

sscritic, is alcohol involved? You're in a "mood"!
(Or, are you doing your taxes? That accounts for most of my "moods".)
by pjstack
Sun Mar 16, 2014 5:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Using Life Expectancy Tables for RMD
Replies: 22
Views: 1423

Re: Was frugality a mistake? The downsides of saving too mu

The comic strip "Pearls Before Swine" has a comment on this situation:
http://www.gocomics.com/pearlsbeforeswine#.UyS5rYePKLg
Enjoy!
by pjstack
Sat Mar 15, 2014 4:43 pm
 
Forum: Personal Consumer Issues
Topic: Was frugality a mistake? The downsides of saving too much.
Replies: 115
Views: 8814

Re: Dividends Taxed Differently ?

technovelist wrote:The taxes would be the same either way, given that they are from a taxable account.

Well, I don't know about that. If he moved (sold shares) equal to the dividend(s), the money would be a long term capital gain (assuming, as he said) the funds have been invested for 25 years.
by pjstack
Fri Mar 14, 2014 5:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Dividends Taxed Differently ?
Replies: 24
Views: 1166

Re: Large capital gain this year

henrytow wrote:I'll come clean: I have a Ph.D. in economics, a CFA, and used to teach CFA classes. I a m not an idiot.


I'm fascinated to see how all this works out. Please keep us informed.
Thank you.
by pjstack
Tue Mar 11, 2014 11:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Large capital gain this year
Replies: 68
Views: 2994

Re: I Bonds - buy now or wait for May?

Clever_Username wrote:
Edit : Follow-up question: I know I can't buy through Vanguard, but is there a way within Vanguard to track my I-Bonds (or, for that matter, existing EE bonds)?


Here's a link to the savings bond calculator: http://www.treasurydirect.gov/BC/SBCPrice
by pjstack
Tue Mar 11, 2014 7:31 pm
 
Forum: Investing - Theory, News & General
Topic: I Bonds - buy now or wait for May?
Replies: 25
Views: 4444

Re: Purchasing physical gold??

I still have my six gold coins (4 bullion, 2 numismatic) that I bought for ~$400 each.

So there! (Nynah! Nynah!) :D
by pjstack
Tue Mar 11, 2014 7:17 pm
 
Forum: Personal Consumer Issues
Topic: Purchasing physical gold??
Replies: 45
Views: 4251

Re: Large capital gain this year

I see posts like this (Eeek! I owe capital gain taxes!) fairly often on this forum. Which makes me ask this question (really): Has anyone on this board ever received a raise in salary and immediately stormed into the bosses' office and screamed, " How dare you give me a raise? Now I have to pay...
by pjstack
Tue Mar 11, 2014 7:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Large capital gain this year
Replies: 68
Views: 2994

Re: Son moving to LA - neighborhood/town recommendations?

vbdoug wrote:He should go to one of the South Bay Beach Cities; Manhattan, Hermosa or South Redondo. It is expensive but he will have the time of his life.

They are a mere hop, skip, and a jump from west Torrance. An easy drive. He'll find the way!
by pjstack
Sat Mar 08, 2014 3:21 am
 
Forum: Personal Consumer Issues
Topic: Son moving to LA - neighborhood/town recommendations?
Replies: 43
Views: 3067

Re: stayed out of the market, what to do now?

My biggest fear at this point is that I may be doing exactly what people warn about...buying the high. Most stock market measures indicate inflated prices (PE, market-cap to revenue, etc.). If I invest any significant amount and it goes down, I will feel like a complete loser. Just like Zvi Bodie s...
by pjstack
Fri Mar 07, 2014 2:34 am
 
Forum: Investing - Help with Personal Investments
Topic: stayed out of the market, what to do now?
Replies: 64
Views: 7406

Re: question about the consequence of reinvesting dividends

Or, lets say I had owned a fund for several years and had reinvested dividends the entire time (up to the day that I sold), then sold all my holdings in the fund. would I pay short term gains on the entire sell, or just on the shares bought with the reinvested dividends. Again, lets assume that I u...
by pjstack
Mon Mar 03, 2014 9:42 pm
 
Forum: Investing - Theory, News & General
Topic: question about the consequence of reinvesting dividends
Replies: 20
Views: 1191

Re: The Great 100 thousand dollar pension question.

I won't give you any financial analysis because I'm no good at it (Lots of others on this board are far better), but the option of retiring early is really valuable. School, college, etc. opportunities and so on and so forth are really worth considering. I retired from the military at 44 years old a...
by pjstack
Sat Mar 01, 2014 2:22 am
 
Forum: Personal Finance (Not Investing)
Topic: The Great 100 thousand dollar pension question.
Replies: 65
Views: 6162

Re: Why bonds??

To the OP, "johnvcle": I'm not a heavy hitter on this forum; I mean that I don't have that much invested and don't know much about the minutiae of investing. My money is almost pocket change compared to some of the folks here. But, I remember when I bought into the idea that a pension and ...
by pjstack
Fri Feb 28, 2014 7:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why bonds??
Replies: 25
Views: 2266

Re: Form 8606 Info

Thank you "duckie". Thank you "retiredjg". (You too, "sscritic").

I've got it (at last).
by pjstack
Sat Feb 22, 2014 9:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Form 8606 Info
Replies: 20
Views: 1148

Re: Form 8606 Info

Thanks "retiredjg", I think the light is slowly starting to dawn. When my wife decides to withdraw, all the money will be "qualified". Therefore she will not need to file a Form 8606, right? (Because no taxes are/will be due.) She will be over 59.5 years of age, will have owned t...
by pjstack
Sat Feb 22, 2014 9:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Form 8606 Info
Replies: 20
Views: 1148

Re: Form 8606 Info

Senility must be setting in. I called up and read the instructions for Form 8606 and my head is swimming! I can't for the life of me figure out the purpose of this form is for a Roth IRA. Those of you who have withdrawn from a Roth IRA please tell me what you did when you filed your 1040. I just don...
by pjstack
Sat Feb 22, 2014 8:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Form 8606 Info
Replies: 20
Views: 1148

Re: Form 8606 Info

The instructions for Form 8606 have confused me, to wit: "You received distributions from a Roth IRA in 2013 (other than a rollover, recharacterization, or return of certain contributions—see the instructions for Part III, later)." Do "distributions" = "withdrawals"? I ...
by pjstack
Sat Feb 22, 2014 7:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Form 8606 Info
Replies: 20
Views: 1148

Re: Poll: Which of these abbreviations do you understand?

I clicked on VCR. Now I'm nervous. Please say it isn't a stock/ETF symbol! Nisiprius is just joking (right?). It stands for Video Cassette Recorder, right?

Am I the only one who still has one of these? (At least it isn't a Betamax.)
by pjstack
Fri Feb 21, 2014 11:42 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: Which of these abbreviations do you understand?
Replies: 66
Views: 2183

Re: The Onion: New Parents Wisely Start College Fund...

It's a really, really long story - about fraternities (with a spectacular intro) ... http://www.theatlantic.com/features/archive/2014/03/the-dark-power-of-fraternities/357580/ ... but these nuggets jumped out: (Snip) But college education, like weddings and funerals, tends to prompt irrational fina...
by pjstack
Fri Feb 21, 2014 7:04 pm
 
Forum: Personal Consumer Issues
Topic: The Onion: New Parents Wisely Start College Fund...
Replies: 7
Views: 1605

Re: What do you do with index funds when...

bigfoot12 wrote:the stock market begins to crash?

Very important. Do you sell your stock index funds to buy safe bonds, or do you hold?


Got any plans?


I continue to buy my balanced fund (60% stocks, 40% bonds) every month automatically on the 5th. That's it.

You don't really have a plan for saving, do you?
by pjstack
Fri Feb 21, 2014 6:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: What do you do with index funds when...
Replies: 49
Views: 1785

Financial magazine stock forecasts not so good.

Surprise! A small study of Kiplingers (and others) stock picks showed poor results.
http://living.msn.com/life-inspired/the ... uldnt-take

Gosh! All that expertise, and so-so results.
by pjstack
Fri Feb 21, 2014 6:17 pm
 
Forum: Investing - Theory, News & General
Topic: Financial magazine stock forecasts not so good.
Replies: 1
Views: 242

Re: Daily Tax-Loss Harvesting with Wealthfront

Having daily tax losses sounds scary!
by pjstack
Thu Feb 20, 2014 6:42 pm
 
Forum: Investing - Theory, News & General
Topic: Daily Tax-Loss Harvesting with Wealthfront
Replies: 2
Views: 379

Re: Tax report related question ( prepare it by my own or no

Poster "damjam" (above) gave good advice. Look at Form 1040 EZ, you will probably find that it will do just fine.
by pjstack
Wed Feb 19, 2014 7:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax report related question ( prepare it by my own or not)
Replies: 16
Views: 618

Re: Vanguard's Notice Regarding Typo on Form 1099-B

Well, I don't know what "non-covered" sales are, so maybe I'm not being helpful I only have two funds: Balanced Index (VBIAX) and Prime Money Mkt. Fnd. The greyed out area says:"Long-term transactions for which basis is reported to the IRS - Report on Form 8949, Part II, with Box D ch...
by pjstack
Mon Feb 17, 2014 8:59 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard's Notice Regarding Typo on Form 1099-B
Replies: 5
Views: 1252

Re: Continual phone solicitation by a debt consolidation com

For landlines, the answering machine is your friend!
Most sales calls hang up immediately.
I never answer until I recognize the voice on the other end.
The machines are very cheap nowadays, and well worth it.
by pjstack
Mon Feb 17, 2014 7:31 pm
 
Forum: Personal Consumer Issues
Topic: Continual phone solicitation by a debt consolidation company
Replies: 34
Views: 2081

Re: Do you balance your checking account?

Everybody balances their checking account if they look at the transactions online at all. By looking at the transactions and mentally flagging them as legit and realizing that some items haven't hit the account yet (for instance a bill payment going out next Wednesday), that's balancing already. Th...
by pjstack
Mon Feb 17, 2014 1:28 am
 
Forum: Personal Finance (Not Investing)
Topic: Do you balance your checking account?
Replies: 114
Views: 4921

Re: Vanguard's Notice Regarding Typo on Form 1099-B

Yes, I got a similar e-mail. The 1099-B I received says that the basis IS reported to the IRS. so I guess they must have corrected the typo on my copy.
by pjstack
Sun Feb 16, 2014 8:39 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard's Notice Regarding Typo on Form 1099-B
Replies: 5
Views: 1252

Re: Zombie Gold

I said "never" (which may very well be proved wrong, because who knows?), probably because of inflation alone.

I bought my six coins at around $400 (each) in 1998.
by pjstack
Fri Feb 14, 2014 4:01 am
 
Forum: Investing - Theory, News & General
Topic: Zombie Gold
Replies: 3
Views: 786

Re: Coming to terms with my awful track record

Yeah, it feels awful to lose a chunk of money. But don't be put off by people saying that it is (maybe) a good thing. When I was stationed in Las Vegas I figured out a "system" for winning at roulette (Casino owners LOVE guys like me with "systems"). Anyway, I won and thought, &q...
by pjstack
Tue Feb 11, 2014 10:04 pm
 
Forum: Investing - Theory, News & General
Topic: Coming to terms with my awful track record
Replies: 20
Views: 2098

Re: I-Bonds no longer reissued as paper?

Banks will cash them but they are not obligated to give you more than $1,000 in CASH.

But if you have an account at that bank they will transfer more than $1,000 to your account. Therefore, cash them at a bank where you have an account.
by pjstack
Tue Feb 11, 2014 8:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: I-Bonds no longer reissued as paper?
Replies: 24
Views: 1565

Re: HELP PLEASE!

To the OP: Why do you think that the $500 should not be in a tax sheltered account?
by pjstack
Sun Feb 09, 2014 1:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help Please! [Contributing to an IRA]
Replies: 5
Views: 209
Next

Return to advanced search