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Re: How long do sofas really last

Its going to vary a lot. Unfortunately, the quality associated with historically middle of the road brand names doesn't seem to be a guarantee of long life any more. I bought a La-Z-Boy middle of the road cloth covered recliner in about 1980 that lasted until 1993. It was still comfortable but we el...
by tractorguy
Tue Mar 31, 2015 6:16 pm
 
Forum: Personal Consumer Issues
Topic: How long do sofas really last
Replies: 43
Views: 3582

Re: Mother has residual trust with questionable aspects

In your shoes, I would try to find the documents that establish the trust and find out what the terms are. Of particular interest are the named trustee. The trustee has control of the money until the conditions of the trust are met. Also of interest are the terms under which money can be removed fro...
by tractorguy
Tue Mar 31, 2015 5:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Mother's trust fund for retirement: Crazy allocation, etc.
Replies: 10
Views: 1045

Re: Urgent Care Centers - When should they be used?

I've used urgent care 2-3 times/year for the 5 years. I wouldn't consider an emergency room unless its possibly life threatening. The one I go to in my area is part of the same conglomerate as my primary care physician and shares all records. I get seen by a doctor who is generally younger and a new...
by tractorguy
Sun Mar 22, 2015 4:55 pm
 
Forum: Personal Consumer Issues
Topic: Urgent Care Centers - When should they be used?
Replies: 45
Views: 3663

Re: Help needed with Edward Jones and 401/403 accounts

You said: My EJ advisor and office manager is very friendly and personable. That being said my husband likes EJ and believe he is making us money. It's hard to tell when we occasionally add money or change Funds. I don't feel he is as bad as some I have seen on this forum. Our last change in our acc...
by tractorguy
Thu Mar 19, 2015 11:45 am
 
Forum: Investing - Help with Personal Investments
Topic: Help needed with Edward Jones and 401/403 accounts
Replies: 20
Views: 1517

Re: Help needed with Edward Jones and 401/403 accounts

You've got a lot of accounts and a lot of funds in each account. It's going to take some effort on your part to first figure out what you actually are invested in, then figure out what you WANT to be invested in, and finally figure out how to move from where you are to where you will be in a way tha...
by tractorguy
Wed Mar 18, 2015 6:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help needed with Edward Jones and 401/403 accounts
Replies: 20
Views: 1517

Re: Should I put some money into a IRA while semi-retired?

Yes I meant 70. However I don't have to take RMD's until 75 so I still defer the taxes on last years income for 13 years.
by tractorguy
Mon Mar 16, 2015 11:21 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I put some money into a IRA while semi-retired?
Replies: 5
Views: 401

Should I put some money into a IRA while semi-retired?

I'm retired with income from investments and a fixed pension. These put me at the lower range of the 28% federal tax bracket. In addition, last year, I exercised some restricted stock grants and had some consulting income. These two additional income sources bumped me up to the top of the 28% federa...
by tractorguy
Mon Mar 16, 2015 11:16 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I put some money into a IRA while semi-retired?
Replies: 5
Views: 401

Re: Acct maintenance - Statements - Confirmation emails???

I've converted as much as possible to a paperless system. I download the yearly statements the same time as I download the yearly 1099's and store them on my computer. My computer is backed up two ways (local NAS drive and in the cloud with Crashplan) so I don't worry about ever losing any of these....
by tractorguy
Sat Mar 07, 2015 9:37 am
 
Forum: Investing - Help with Personal Investments
Topic: Acct maintenance - Statements - Confirmation emails???
Replies: 15
Views: 1047

Re: Acct maintenance - Statements - Confirmation emails???

I've converted as much as possible to a paperless system. I download the yearly statements the same time as I download the yearly 1099's and store them on my computer. My computer is backed up two ways (local NAS drive and in the cloud with Crashplan) so I don't worry about ever losing any of these....
by tractorguy
Sat Mar 07, 2015 9:37 am
 
Forum: Investing - Help with Personal Investments
Topic: Acct maintenance - Statements - Confirmation emails???
Replies: 15
Views: 1047

Re: not sure about my adviser

I will post all the holdings but where is the best place to find the expense ratio for a fund? Or is it a calculation? When I transitioned an inheritance from Edward Jones to Vanguard, I looked up all the funds they had me in on Morningstar. http://www.morningstar.com/ For example, if I look up PCL...
by tractorguy
Fri Mar 06, 2015 2:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: not sure about my adviser
Replies: 68
Views: 5560

Re: Higher Downpayment a Good Idea?

IMOP you should buy the house you're going to be happiest with for the longest time. Saving money on a house to put more in the stock market is a bad decision if you end up moving again in 3 years because you've outgrown it or the neighborhood is worse than you thought it was. The transaction cost o...
by tractorguy
Thu Mar 05, 2015 7:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Higher Downpayment a Good Idea?
Replies: 32
Views: 2779

Re: switching from Edward Jones

Thanks so much for the info on the 401k funds. I'm kind of nervous that I'm in some front load funds and didn't realize it... a big contribution is being processed now. Not sure if a change I make today will be in effect for that bonus. Guess it won't hurt to try if I know what to change it to. Any...
by tractorguy
Thu Mar 05, 2015 7:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: switching from Edward Jones
Replies: 54
Views: 4498

Re: Work wants me to train for promotion before giving it to

I was a mega Corp engineering manager with 150 people in my division for 8 years. Any staff member who refused any training for any reason was taken off my list of people who were to be considered for a promotion. If you were working for me and you tried to refuse to cover for an employee who was le...
by tractorguy
Mon Mar 02, 2015 10:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Work wants me to train for promotion before giving it to me?
Replies: 18
Views: 1255

Re: Consumer Cellular increases Minutes, Texts, & Data

Thank for the notice. I would have struggled to understand my next bill without this clarification. This is good news for me as I am usually right at the limit for data use. It will save me a bit.
by tractorguy
Mon Mar 02, 2015 10:35 pm
 
Forum: Personal Consumer Issues
Topic: Consumer Cellular increases Minutes, Texts, & Data
Replies: 14
Views: 936

Re: Quicken downloads and 2 factor ID in Vanguard

I'm using two step verification and Quicken 2015 with no problem with transaction downloads.
by tractorguy
Sun Feb 15, 2015 4:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Quicken downloads and 2 factor ID in Vanguard
Replies: 12
Views: 758

Google two step verification & overseas travel

I've been using Google two step verification with my cell phone & so far its worked just as advertised and has increased my comfort level. However, I'm planning to take an overseas vacation in April and the phone I've got set up to receive the authorization codes won't be able to receive calls w...
by tractorguy
Mon Feb 09, 2015 3:35 pm
 
Forum: Personal Consumer Issues
Topic: Google two step verification & overseas travel
Replies: 10
Views: 603

Re: If you like a job but the company has financial issues..

Its rare these days for a company to avoid rough patches. From management's perspective, how good an employee are you and how good have your ratings been? The megacorp I worked for had roughly 4 groups of workers. They were: * Contract employees. They were always the first to be let go when times go...
by tractorguy
Sun Feb 08, 2015 1:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: If you like a job but the company has financial issues....
Replies: 18
Views: 1851

Re: Selling duds. Righting the ship after firing FA.

You are going to find very few on this site who will invest in individual stocks and they will be shouted down by the rest of us. (in a nice way hopefully). Because there is no tax penalty, almost all of us will tell you to sell all of the individual stocks in your 401k immediately and buy a low cos...
by tractorguy
Wed Jan 21, 2015 1:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Selling duds. Righting the ship after firing FA.
Replies: 4
Views: 778

Re: What is the international portion of your portfolio and

I find these kinds of statements so fascinating coming from Bogleheads ... on the one hand, a belief that you can't outsmart the market and that the market is relatively efficient, but, at the exact same time, a conflicting belief that somehow the markets can't gauge geographical, political or econ...
by tractorguy
Mon Jan 19, 2015 6:37 pm
 
Forum: Investing - Theory, News & General
Topic: What is the international portion of your portfolio and why?
Replies: 140
Views: 12318

Re: What is the international portion of your portfolio and

My stock international exposure is 20% and all of my bonds are in my home country (U.S.). I am aware that this is lower than market weight would indicate but it is intentionally so. If I was planning to retire in a country that didn't have its currency as the world's defacto trading currency and tha...
by tractorguy
Fri Jan 16, 2015 6:33 pm
 
Forum: Investing - Theory, News & General
Topic: What is the international portion of your portfolio and why?
Replies: 140
Views: 12318

Re: Getting out of Edward Jones ...

I'm going to add another vote to transferring in kind ASAP. When I did this with an inherited estate, I did it as a 4 step process. 1) Talk to Vanguard and have them initiate the paperwork to transfer everything in kind. You don't need to give your EJ broker an opportunity to beg you to stay by talk...
by tractorguy
Tue Jan 13, 2015 12:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Getting out of Edward Jones ...
Replies: 25
Views: 2705

Re: Edward Jones Fees

You said: Fund is composed of municipal funds and stocks This could mean that you own one or more mutual funds that specialize in municipal bonds and stocks or it could mean that Edward Jones has acted as your broker and you own individual bonds and stocks. Which one is it? If you own mutual funds, ...
by tractorguy
Tue Jan 13, 2015 12:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Edward Jones Fees
Replies: 24
Views: 2209

Quicken Premier 2015 available from Amazon for $49.99

I realize that many here don't use it, but for those who do, Amazon is showing Quicken Premier 2015 (the version you need to track investments) available for 49.99. This is about 1/2 the price it was listed at when it came out. Prices apparently dropped about $20.00 around New Years. My 2012 version...
by tractorguy
Sun Jan 11, 2015 1:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Quicken Premier 2015 available from Amazon for $49.99
Replies: 2
Views: 502

Re: Just left meeting with my advisor....

I'm going to add to the chorus that's telling you to run away from your adviser. I'm self directing a portfolio that's larger than yours with most of my assets in Vanguard index funds. If it wasn't for capital gains tax, they'd all be in index funds. I've got a 64% equity, 36% bond investments and h...
by tractorguy
Fri Jan 09, 2015 10:18 am
 
Forum: Investing - Help with Personal Investments
Topic: Just left meeting with my advisor....
Replies: 57
Views: 7900

Re: Feeling a bit lost...should we buy a house?

I don't know about Europe. Studies I've seen for the U.S. show that average home prices basically follow inflation but with huge standard deviation based on which local city you look at and when you look at it. So, buying a house now, you would be making an investment that had an expected value of b...
by tractorguy
Tue Dec 30, 2014 12:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Feeling a bit lost...should we buy a house?
Replies: 17
Views: 2958

Re: Facebook is Outrageous

This interesting discussion on the value of Facebook just reinforces my view that indexing is the only way to have high assurance that I'll get to participate in the next great spurt of technology driven wealth generation. Every generation seems to have one and they all seem to be in a brand new fie...
by tractorguy
Mon Dec 29, 2014 11:43 am
 
Forum: Investing - Theory, News & General
Topic: Facebook is Outrageous
Replies: 78
Views: 10063

Re: butterflies investing $500K

I've learned in the last 30 years that the really bad investment decisions are made in panic. So, IMOP, you should put together an ISP when you are calm and then implement the plan. If you are nervous about investing a 500K lump sum, then by all means dollar cost in over a year or so. In theory, you...
by tractorguy
Sat Dec 27, 2014 11:54 am
 
Forum: Investing - Help with Personal Investments
Topic: butterflies investing $500K
Replies: 28
Views: 3809

Re: new computer for wireless network

To expand on what others have said, once its set up you don't need to physically connect anything to the router. A wired connection is still faster than wireless but this doesn't mean much unless you're into streaming movies and playing on line games simultaneously. A wired connection is also theore...
by tractorguy
Mon Dec 22, 2014 9:28 am
 
Forum: Personal Consumer Issues
Topic: new computer for wireless network
Replies: 22
Views: 1725

Re: Withdrawing from Mom's Investments

IMOP, the schedule for withdrawals probably isn't as important as deciding on a plan, writing it down and sticking to it. Its much better to put together the plan now when stress is low than to be in a down year and agonizing over the decision. Do a mind experiment on the plan to see if you and your...
by tractorguy
Sun Dec 21, 2014 2:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Withdrawing from Mom's Investments
Replies: 9
Views: 1176

Re: Looking to move inheritance from high-fee advisor

When I had a similar size inheritance from my mother, I did this in 4 steps. 1) Turn off auto re-investment immediately at the current broker. There is no point in putting more money in to funds you're going to sell (and possibly incuring loads) so that you can pay capital gains taxes on them when y...
by tractorguy
Fri Dec 19, 2014 6:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Looking to move inheritance from high-fee advisor
Replies: 30
Views: 3098

Re: Quick ?? RE 100k investment

Why don't you just apply it to your downpayment? I doubt a 5-7 year CD would offer a higher rate than your mortgage. It's also unlikely you'll find any other risk-free investments that have a higher rate. SAM My apologies for the ambiguity. I already bought the second house before I sold the first ...
by tractorguy
Thu Dec 18, 2014 2:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Quick ?? RE 100k investment
Replies: 5
Views: 568

Re: Why a Boglehead doesn't invest in individual companies?

Continuing my journey to becoming a Boglehead, I want to know why you don't invest in individual companies? High risk the only reason? The problem is that most stocks are losers . A chart from this Chase whitepaper: http://i57.tinypic.com/osz5hi.png This is the performance of individual stocks in t...
by tractorguy
Thu Dec 18, 2014 1:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why a Boglehead doesn't invest in individual companies?
Replies: 142
Views: 16297

Re: Managing a windfall & fixing my high-fee portfolio

You should be able to improve your portfolio in a 4 step process. Step 0: If you have not done so, call your adviser today and tell them to suspend reinvestment of any dividends in all of your funds. There is no point in putting more money in to them so that you can then turn around and pay short te...
by tractorguy
Tue Dec 16, 2014 12:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Managing a windfall & fixing my high-fee portfolio
Replies: 21
Views: 3510

Re: Paying Estimated Taxes, Due Date, Paying Monthly/Online?

I've got online accounts set up at both the federal and state IRS. When I do my yearly taxes, I go ahead and figure out what my minimum withholding will be to avoid a penalty for the next year, log on to the IRS online accounts, and set up 4 quarterly withdrawals from my bank checking account to the...
by tractorguy
Tue Dec 16, 2014 12:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Paying Estimated Taxes, Due Date, Paying Monthly/Online?
Replies: 17
Views: 1811

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

If you haven't been lusting after a particular car all the time you've been building up your nest egg then you probably won't get much joy out of getting an "upscale" model for the sake of having a luxury brand. My spouse is like that. To her, a car is an appliance that gets her to the thi...
by tractorguy
Mon Dec 15, 2014 12:39 pm
 
Forum: Personal Consumer Issues
Topic: What is a move-up car after mid-size sedan?
Replies: 63
Views: 4310

Re: How to automatically transfer tenants rent to my account

PNC bank allows auto bill paying from one private account to another and has done so for at least 8 years. That is how I was paying my daughter's allowance when she was a freshman in college. I got tired of remembering to transfer the money to her account every month and she was living close enough ...
by tractorguy
Thu Dec 11, 2014 1:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to automatically transfer tenants rent to my account?
Replies: 22
Views: 2131

Re: Leaving my job. Moving to Shanghai. Help with finances!

Check with your partner's company to find out if what (if any) benefits they provide for married trailing spouses. My former company paid for medical benefits, home leave (one round trip air ticket to the city you left from), extra life insurance, and some other things for the spouse of the employee...
by tractorguy
Wed Dec 10, 2014 11:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Leaving my job. Moving to Shanghai. Help with finances!
Replies: 24
Views: 3176

Re: Who Paid for the wedding?

I paid for my 27 year old daughter's wedding in Cambridge Mass. this year (not a cheap area). With a sit down dinner for about 100 it came to a little over $18K. I think this was more than reasonable for a wonderful party that a lot of my good friends were invited to. This is the third of four daugh...
by tractorguy
Mon Dec 08, 2014 10:45 am
 
Forum: Personal Consumer Issues
Topic: Who Paid for the wedding?
Replies: 94
Views: 6827

Re: I'm scared - online hacking

Let's put this into perspective. The Sony hack appears to be done by the same nation state that invaded South Korea in 1950 and started a 3 year shooting war that has never officially ended. Although the attack on Sony is certainly very frustrating for Sony's employees and customers and has a good c...
by tractorguy
Sat Dec 06, 2014 11:22 pm
 
Forum: Personal Consumer Issues
Topic: I'm scared - online hacking
Replies: 44
Views: 5226

Re: Suddenly Retired, do I have enough?

If I understand your numbers right, you're expecting to spend about $120K/year with an aftertax income of about 84K/year from your annuities and pensions. This leaves a shortfall of about $36K/year that will have to be made up from investments. On a $1.25M portfolio, this is about 2.9% which is much...
by tractorguy
Sat Dec 06, 2014 5:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Suddenly Retired, do I have enough?
Replies: 42
Views: 7072

Re: Performance Graphs [Help with fund choices]

Although many on this board won't admit it, the funds you have picked aren't that bad. I just skimmed their entries on Morningstar & I think all of them are no load & have expense ratios below the industry average. You could have done much, much worse. In my experience, the problem with acti...
by tractorguy
Thu Nov 27, 2014 11:04 am
 
Forum: Investing - Help with Personal Investments
Topic: Performance Graphs [Help with fund choices]
Replies: 45
Views: 4484

Re: smartphone over wifi - still possible?

I recently switched from AT&T to Consumer Cellular and my phone bill was cut in half. We have one smart phone in the family and one dumb. CC lets you mix and match their voice calling and data plans. The way it works, is you decide how many minutes you need/month and buy that. Then, you decide h...
by tractorguy
Fri Nov 21, 2014 11:00 am
 
Forum: Personal Consumer Issues
Topic: smartphone over wifi - still possible?
Replies: 31
Views: 3200

Re: Anyone use finance s/ware Quicken/MoneyDance etc ?

I've been using Quicken since 1997. My must have features are: 1. Automatic downloads from all my accounts (credit cards, banks, & investments). There is no way I'm going to type all of these transactions into something. 2. Reminders of bill due dates. (see below) 3. Auto characterization of all...
by tractorguy
Sat Nov 08, 2014 12:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anyone use finance s/ware Quicken/MoneyDance etc ?
Replies: 23
Views: 1314

Re: Water Powered Sump-Pump Backups?

The house I'm in had a Basement Watchdog when I bought it 5.5 years ago. The main pump will cycle every time we get a major thunderstorm. I think its run off the battery 3 times in the last 5 years. At least one of those times, the main pump didn't run because the switch for it malfunctioned. I repl...
by tractorguy
Wed Oct 01, 2014 9:00 am
 
Forum: Personal Consumer Issues
Topic: Water Powered Sump-Pump Backups?
Replies: 19
Views: 1176

Re: Where to start work as an engineering major?

Its good that you are asking these questions before you spend a lot more time at school. However, as other posters have said, the most important question you should be asking is what do you like to do and what is your skill set? Everything else will follow. I'm a retired technical manager (Assistant...
by tractorguy
Tue Sep 30, 2014 12:49 pm
 
Forum: Personal Consumer Issues
Topic: Where to start work as an engineering major?
Replies: 32
Views: 3198

Re: Vanguard Recommending Quicken Changes

I followed directions for the change using Quicken 2012 Premier on a windows 7 machine with no problems. Have those who hit a stonewall tried re-installing Quicken, installing all Quicken updates, and then following directions from a copy of the backup you made before you started this process? I've ...
by tractorguy
Wed Sep 24, 2014 10:19 am
 
Forum: Personal Consumer Issues
Topic: Vanguard Recommending Quicken Changes
Replies: 62
Views: 7075

Re: Consulting fees: non working travel time

I am a retired engineer who is also doing some part time consulting for lawyers. I decided to charge full rates for the first 2 hours of travel and half time after that. Charge door to door in 15 minute increments with a 12 hour/day cap. Door to door is home to hotel, or hotel to hotel, or hotel to ...
by tractorguy
Mon Sep 22, 2014 4:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Consulting fees: non working travel time
Replies: 36
Views: 2709

Re: Home buying questions

re closing costs: There are several on line calculators that will give you an estimate for your particular situation. I'd check a couple of them to get an estimate. Some of these costs will be there even if you pay cash. You have to pay for inspections, title searches, etc. even if you pay cash. I w...
by tractorguy
Sun Sep 21, 2014 11:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Home buying questions
Replies: 5
Views: 925

Re: Advisor switching companies, self management a possibili

Now is a good time to get your GF to understand what this relationship with her advisor is costing her and where his real interests are. Have her ask the advisor for an idea of what he will do with her money assuming she brings it to him. It is likely that he will want to sell the investments he mad...
by tractorguy
Sun Sep 21, 2014 11:28 am
 
Forum: Investing - Help with Personal Investments
Topic: Advisor switching companies, self management a possibility
Replies: 14
Views: 1116

Re: Shuffling between TSP, Edward Jones, and Vanguard

I would move my investments with Edward Jones to Vanguard immediately. My parents had accounts with EJ for decades. Not only did EJ make a ton of money from them over the years, but my parents would get phone calls for "portfolio reviews" every six months or so that frequently resulted in ...
by tractorguy
Sat Sep 20, 2014 4:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Shuffling between TSP, Edward Jones, and Vanguard
Replies: 14
Views: 1533
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