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Re: Vanguard Lost $50k

Thanks to everyone for their advice here. I have finally received a wire transfer from Vanguard returning the 50k, there was no explanation forthcoming on what happened. They did offer to reimburse any fees I incurred (which was none) which I appreciate. I am still disconcerted over this experience....
by reason-logic
Thu Sep 11, 2014 10:53 am
 
Forum: Personal Consumer Issues
Topic: Vanguard Lost $50k
Replies: 103
Views: 10820

Re: Vanguard Lost $50k

I appreciate all of the advice, except for those who somehow think I am a plant for some other brokerage or am sitting in a hot tub (even if I liked hot tubs I do not know what that has to do with my situation). I am a retired businessman who learned that the most important asset to any business tra...
by reason-logic
Mon Sep 08, 2014 2:39 am
 
Forum: Personal Consumer Issues
Topic: Vanguard Lost $50k
Replies: 103
Views: 10820

Vanguard Lost $50k

Need some advice. I made a mutual fund purchase of $50k on 8-29-14. On 9-2, Vanguard transferred the 50k from my bank account, then transferred another 50k (for a total of 100k) via ACH. I noticed on 9-3, called my bank they confirmed Vanguard requested the funds and the bank transferred the 100k to...
by reason-logic
Sat Sep 06, 2014 11:13 am
 
Forum: Personal Consumer Issues
Topic: Vanguard Lost $50k
Replies: 103
Views: 10820

Re: Intra-Family Mortgage

Yes. My son relocated and started a new job 3 years ago. He could not qualify for a mortgage.

We loaned him the money to purchase the home. I hired an attorney to draft the note and have the mortgage recorded just like a bank would do. He has made every payment on time.
by reason-logic
Sat Jun 07, 2014 12:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Intra-Family Mortgage
Replies: 32
Views: 2863

Re: Share Options - need advice

Stock options are complex, especially with private companies. There can be significant tax exposure if you exercise the options (and turn them into shares) without guaranteed liquidity event the the event he options are non-qualified. However, if you can afford to exercise and own the shares for one...
by reason-logic
Thu May 29, 2014 2:09 am
 
Forum: Investing - Theory, News & General
Topic: Share Options - need advice
Replies: 4
Views: 282

Re: Costs that go down/away or go up/first appear in retirem

I retired about 6 years ago, a few things that may go up; 1. Utilities, if you worked and your home was idle during the day. 2. Recreation. You have a lot more time to enjoy. 3. Health Care, obvious. 4. Meals (if in your job you travelled and some meals were covered by employer via expense reports)....
by reason-logic
Thu May 29, 2014 2:03 am
 
Forum: Personal Finance (Not Investing)
Topic: Costs that go down/away or go up/first appear in retirement
Replies: 30
Views: 2914

Re: West coast snowbird questions

I retired in 2008 and moved from the Bay Area to Gig Harbor, WA (about 45 minutes SW of Seattle). As a life long Californian, I too worried about the winters, but frankly that is overblown. I live adjacent to Puget Sound and kayak almost every day from April through end of October. We may get one sn...
by reason-logic
Sat May 17, 2014 1:31 am
 
Forum: Personal Consumer Issues
Topic: West coast snowbird questions
Replies: 14
Views: 1287

Re: heirs and bequest motivation

I am fortunate to have 3 wonderful children (all adult and working) and six grandchildren (I am 55). I felt the best thing I could do now was to completely fund 529s for all of my grandchildren. This has the advantages of 1) tax free income in the 529s; 2) allow my children to have immediate financi...
by reason-logic
Sat May 10, 2014 2:03 am
 
Forum: Personal Finance (Not Investing)
Topic: heirs and bequest motivation
Replies: 52
Views: 3848

Re: time off for interview

Don't lie or be dishonorable, tell your current employer the truth.
by reason-logic
Fri Apr 18, 2014 1:58 am
 
Forum: Personal Finance (Not Investing)
Topic: time off for interview
Replies: 11
Views: 1425

Re: I need a new coffee maker, any recommendations?

The best coffee make I have owned is a Jura.
by reason-logic
Fri Apr 18, 2014 1:57 am
 
Forum: Personal Consumer Issues
Topic: I need a new coffee maker, any recommendations?
Replies: 66
Views: 14899

Re: *poor* Bogleheads

I have done well financially in the past 10 years, but I spent many years before that with a very meager income. This forum will help you in many ways. I suspect if you are reading this, you have the desire to be a better manager of your money. So participate, please. You will learn a lot and who kn...
by reason-logic
Fri Apr 18, 2014 1:56 am
 
Forum: Forum Issues and Administration
Topic: *poor* Bogleheads
Replies: 78
Views: 13387

Re: California Taxes - Am I Missing Something?

I was born and raised in CA, but finally had enough of not being able to get ahead financially due to the high costs involved there. I moved to WA in 2008 and have found out the real "tax" on my living standards I experienced when I lived in CA: 1. As mentioned by others, 13% top income ta...
by reason-logic
Tue Apr 08, 2014 2:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: California Taxes - Am I Missing Something?
Replies: 142
Views: 10878

Re: I think low cost of living trumps retiring in a no state

I moved from CA to WA when I retired. No income tax here really helps, plus the cost of living is much lower. Other than Alaska, I suspect all of the other no income tax states also have low cost of living. The high income tax states like CA, NY, NJ also have high cost of living.
by reason-logic
Thu Dec 26, 2013 11:28 am
 
Forum: Personal Finance (Not Investing)
Topic: I think low cost of living trumps retiring in a no state in
Replies: 80
Views: 5378

Re: Retiring at 50

I retired 4 months shy of my 50th birthday. That was 5 years ago. Here is what I have learned: 1. If you are married or in relationship, make sure you communicate on goals. When I worked, I travelled extensively. After retirement, I switched my need to "manage" to things around the house, ...
by reason-logic
Sat Nov 23, 2013 10:56 am
 
Forum: Personal Consumer Issues
Topic: Retiring at 50
Replies: 67
Views: 8805

Re: CapitalOne 360 check upload problems

You can mail the deposit to them.
by reason-logic
Fri Oct 11, 2013 1:38 am
 
Forum: Personal Finance (Not Investing)
Topic: CapitalOne 360 check upload problems
Replies: 6
Views: 964

Re: Fair or not [Financially supporting one child over anoth

Since life is not fair, use you best judgement. Treat your children like the individuals they are. I have 3 grown children, all older than 30. One has borrowed money numerous times, has always paid me back on time. One has never asked for money. The third has "borrowed" money but never att...
by reason-logic
Fri Oct 11, 2013 1:33 am
 
Forum: Personal Finance (Not Investing)
Topic: Fair or not [Financially supporting one child over another]
Replies: 57
Views: 4266

Re: Loan Help for a newbie

You want to take out a mortgage. You can find current mortgage rates on the internet by checking http://www.bankrate.com or other sites for a range of rates. Generally the less you borrow the lower the rate, and also the shorter the term of the loan the lower the rate, so a 15 year mortgage is cheap...
by reason-logic
Fri Oct 11, 2013 1:23 am
 
Forum: Personal Finance (Not Investing)
Topic: Loan Help for a newbie
Replies: 13
Views: 572

Re: Debt consolidation

Have them check Lending Club.


www.lendingclub.com
by reason-logic
Mon Oct 07, 2013 10:33 am
 
Forum: Personal Finance (Not Investing)
Topic: Debt consolidation
Replies: 2
Views: 268

Re: Palm Springs Area CA

I was born in CA desert and lived (mostly) in CA until I retired to WA in 08. California has nice winter weather. But based on experience, be ready for following: 1. Nation's highest state income tax. 2. Very high electricity cost (important AC costs a lot in the desert summers). 3. Very high water/...
by reason-logic
Tue Oct 01, 2013 1:10 am
 
Forum: Personal Consumer Issues
Topic: [Moving to] Palm Springs Area CA
Replies: 34
Views: 1802

Re: AA-tracking tool?

I use Investoscope on OSX.

Not free but works great with funds, stocks and bonds. You can enter dividends, interest and reinvestments and track IRR by asset or portfolio.

http://www.investoscope.com/
by reason-logic
Thu Aug 22, 2013 1:43 am
 
Forum: Investing - Help with Personal Investments
Topic: AA-tracking tool?
Replies: 30
Views: 2297

Re: Municipal Bonds - Pro's and Con's

I have invested significant amounts into individual muni's. I have built a ladder of bonds with an average maturity of 5 years. You can purchase bonds on the secondary market through Vanguard Brokerage service. I recommend you screen for bonds that are insured, are at least A rated and diversify, di...
by reason-logic
Fri Aug 16, 2013 1:32 am
 
Forum: Investing - Help with Personal Investments
Topic: Municipal Bonds - Pro's and Con's
Replies: 28
Views: 3374

Re: Class action law suits

Ever wonder if we would all be better off it everyone opted out of these (typically) silly lawsuits and then made more on our investments when companies had better earnings by not paying out these settlements along with both side's attorney fees?
by reason-logic
Wed Jul 24, 2013 1:45 am
 
Forum: Personal Consumer Issues
Topic: Class action law suits
Replies: 30
Views: 2685

Re: The hazards of retiring ...

I retired at 50, I will risk Alzheimer's rather than working until 70 and dying of a heart attack or stroke. Better to enjoy your time while you have it, as 100 years from now we will all be in the same place.
by reason-logic
Wed Jul 24, 2013 1:42 am
 
Forum: Personal Consumer Issues
Topic: The hazards of retiring ...
Replies: 73
Views: 8434

Re: Leaving Wells Fargo Brokerage

I was a long time Wells customer (started with Norwest and ended at Wells Fargo Private Bank). I found the relationship was all about fees. They wanted a % of asset deal to manage my funds and would not even provide a firm commission schedule for their full service broker. I too have had it with the...
by reason-logic
Tue Jul 23, 2013 1:32 am
 
Forum: Investing - Theory, News & General
Topic: Leaving Wells Fargo Brokerage
Replies: 53
Views: 4528

Re: Finding Notary

If you have a PMA or Private Bank account at Wells they will do at no cost.
by reason-logic
Mon Jul 22, 2013 12:47 am
 
Forum: Personal Finance (Not Investing)
Topic: Finding Notary
Replies: 26
Views: 1155

Re: At what networth is it not worth working at X salary?

I really struggle with this. I am 54, net worth $24 million, but I am still insecure about running out of money. My old firm pays me 80k a month for 12 hours a week. Am I insecure, a workaholic or just nuts? You work 12 hours per week for $960,000 per year? Sounds like a good gig but at $24 million...
by reason-logic
Fri Jul 12, 2013 12:28 am
 
Forum: Personal Finance (Not Investing)
Topic: At what networth is it not worth working at X salary?
Replies: 34
Views: 6060

Re: ReInventing/RePacking Yourself to get a job

I was a CEO of a private firm with more than10,000 employees. I hired a lot of senior people during my career I never hired people that tried to "reinvent" themselves or be something he/she was not. My best advice, be who you are. That way, when you get a position you can be yourself and b...
by reason-logic
Thu Jul 11, 2013 1:33 am
 
Forum: Personal Finance (Not Investing)
Topic: ReInventing/RePacking Yourself to get a job
Replies: 6
Views: 952

Re: How to get over finance envy

Time is always more important than money. If you work hard, invest and live right, you can retire at 50 while all those high egos that need the approval of strangers and spend money on fancy cars, expensive clothes and a HCOL lifestyle will work until they are 75. Would you rather have 25 more years...
by reason-logic
Thu Jul 11, 2013 1:27 am
 
Forum: Personal Finance (Not Investing)
Topic: How to get over finance envy
Replies: 167
Views: 17727

Re: How does one not continue running an inherited business?

Take the emotions out of the picture. Would you buy this business if not owned by mom and pop? If not, find a broker, sell it and do what you want to do with your life I spend may years in corporations that purchased family owned businesses. Most don't make it past the founders generation. Sell the ...
by reason-logic
Thu Jul 11, 2013 1:18 am
 
Forum: Personal Finance (Not Investing)
Topic: How does one not continue running an inherited business?
Replies: 6
Views: 830

Re: At what networth is it not worth working at X salary?

Nightowl,

Thanks, I guess I feel the same way but listening to yourself is often taking the worst advice.
by reason-logic
Thu Jul 11, 2013 1:13 am
 
Forum: Personal Finance (Not Investing)
Topic: At what networth is it not worth working at X salary?
Replies: 34
Views: 6060

1 Broker or 2

I am using Vanguard for all of my mutual fund needs. I am also using Vanguard Brokerage Services for all of my individual stock and bond holdings. I also have a brokerage account at Wells Fargo Advisors with a portfolio of individual muni bonds, which I am closing. Question, when I close the Wells F...
by reason-logic
Thu Jul 11, 2013 1:07 am
 
Forum: Investing - Help with Personal Investments
Topic: 1 Broker or 2
Replies: 10
Views: 889

Re: At what networth is it not worth working at X salary?

I really struggle with this. I am 54, net worth $24 million, but I am still insecure about running out of money. My old firm pays me 80k a month for 12 hours a week. Am I insecure, a workaholic or just nuts?
by reason-logic
Thu Jul 11, 2013 12:54 am
 
Forum: Personal Finance (Not Investing)
Topic: At what networth is it not worth working at X salary?
Replies: 34
Views: 6060

Re: Email more efficient than phone calls?

It takes 20 emails back and forth to do the same amount of communicating as one phone call, or better yet, an in person meeting.

It is sad we are losing the ability as a culture to have two way communication. Text messages, voice mail and email are all one way communication.
by reason-logic
Thu Jul 11, 2013 12:50 am
 
Forum: Personal Consumer Issues
Topic: Email more efficient than phone calls?
Replies: 42
Views: 2436

Re: Detroit to default on $2.5B of debt

Remember, even if a Detroit bond is insured, you also need to look at the health of the insurer. There are huge muni defaults in San Bernardino, Stockton, Jefferson County now Detroit. So a weak insurer with exposures to all of these might not have capacity to pay (this is not like the FDIC) so you ...
by reason-logic
Thu Jul 04, 2013 11:28 am
 
Forum: Investing - Theory, News & General
Topic: Detroit to default on $2.5B of debt
Replies: 63
Views: 7628

Re: iPhone 5 advice/thoughts

I have used both BB and iPhone 5.

Love the iPhone, but hate they keyboard. BB much better if you do a lot of typing of emails.
by reason-logic
Fri Jun 14, 2013 1:37 am
 
Forum: Personal Consumer Issues
Topic: iPhone 5 advice/thoughts
Replies: 15
Views: 1032

Replacing A Private Bank

I currently maintain about 10% of my portfolio in cash in FDIC insured accounts. For the past 5 years, I have been a part of Wells Fargo Private Bank. I qualified (they have a minimum $1 million "relationship" requirement) by keeping 1+ million in muni bonds in Wells Trade and about $50k i...
by reason-logic
Fri May 31, 2013 2:29 am
 
Forum: Investing - Help with Personal Investments
Topic: Replacing A Private Bank
Replies: 4
Views: 1507

Re: Refusing to pay doctor bill, consequences

Pay the bill to protect credit rating then sue to recover in small claims court.
by reason-logic
Sat May 18, 2013 1:35 pm
 
Forum: Personal Consumer Issues
Topic: Refusing to pay doctor bill, consequences
Replies: 57
Views: 4566

Re: Vanguard simplifies online bond and CD trading.

Yes after trying others I would use VBS or Treasury Direct.
by reason-logic
Tue Mar 19, 2013 1:57 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard simplifies online bond and CD trading.
Replies: 19
Views: 3575

Re: What's your number? Why?

$20,000,000 with $0 debt by 55.

Rest of life with no worry.
by reason-logic
Tue Mar 19, 2013 1:53 am
 
Forum: Investing - Theory, News & General
Topic: What's your number? Why?
Replies: 258
Views: 23319

Re: Vanguard simplifies online bond and CD trading.

I have used VBS, Scottrade and two other on-line brokers to purchase a significant number of bonds, I think VBS has the best or equal pricing in most cases when spreads and commissions are included. It would be nice, however, if one could sell bonds on-line. I have sold some TIPS online at VBS but c...
by reason-logic
Mon Mar 18, 2013 1:13 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard simplifies online bond and CD trading.
Replies: 19
Views: 3575

Re: Are Bonds Capital Gains or Income Taxed?

What about a redemption of a zero coupon muni? How is this taxed if purchased on secondary market?
by reason-logic
Mon Mar 18, 2013 1:03 am
 
Forum: Investing - Theory, News & General
Topic: Are Bonds Capital Gains or Income Taxed?
Replies: 11
Views: 1243

Re: [POLL] What would you like Vanguard to change or improve

Include a bond maturity ladder in VBS accounts with a bond portfolio of individual bonds, include a duration calculation of bond portfolio.
by reason-logic
Mon Mar 18, 2013 12:59 am
 
Forum: Investing - Theory, News & General
Topic: [POLL] What would you like Vanguard to change or improve?
Replies: 92
Views: 6987

Re: phone calls where no one is there

I have found that many are automated call centers doing surveys or fundraising. Make sure you are on the FTC Do Not Call list for all your lines.
by reason-logic
Mon Mar 18, 2013 12:56 am
 
Forum: Personal Consumer Issues
Topic: phone calls where no one is there
Replies: 26
Views: 3978

Re: Sales tax and state taxes in federal law

I moved from California to a state with no state income tax in 08 when I retired. I have been deducting sales tax on my federal return since that time, I believe this was recently extended as part of the "fiscal cliff" legislation. It is important to have documentation. I purchased a Neat ...
by reason-logic
Sun Mar 17, 2013 9:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Sales tax and state taxes in federal law
Replies: 15
Views: 943

Re: The Fine line between responsible and selfish/material

I have met many wealth but unhappy individuals in my life. Many of these people are so afraid of either losing what they have, or so concerned about having more than everyone else, that they never enjoy what they have earned. A lot of these people lived a spartan lifestyle, died, and their children ...
by reason-logic
Sun Mar 17, 2013 9:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: The Fine line between responsible and selfish/material
Replies: 104
Views: 8593

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