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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: 27
Views: 2217

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: 527

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: 54
Views: 4404

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: 18
Views: 2420

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: 1673

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: 4034

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: 2000

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: 3054

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: 6496

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: 4846

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: 6804

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: 4142

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: 2674

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: 1182

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: 1038

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: 3002

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: 6472

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: 2489

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: 882

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: 1085

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: 1471

Re: Do you keep paper copies of your investment statements?

I don't get any paper statements so I don't have to worry about keeping or shredding them. I download activity from Vanguard to my Quicken register weekly so have a weekly check to see if anything unexpected happens. I do not look at the monthly statements from Vanguard because I trust that this is ...
by tractorguy
Tue Sep 09, 2014 1:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you keep paper copies of your investment statements?
Replies: 33
Views: 1973

Re: Good Modern Science Fiction

I like the Takeshi Kovacs series by Richard Morgan. Its not fantasy but the "Science" makes some rather large assumptions re the directions technology is going to go.

I agree that its getting harder to find science fiction that isn't fantasy or a recycle of 30 year old ideas.
by tractorguy
Mon Sep 08, 2014 8:36 pm
 
Forum: Personal Consumer Issues
Topic: Good Modern Science Fiction
Replies: 138
Views: 7111

Re: Employer finding out you have a financial cushion?

I think this is going to be highly employer dependent. My experience at a megacorp is that the company bent over backwards to ensure that all promotions and raises were supported by documented performance of the employee. Individual raises were defined by a formula that had as its only inputs perfor...
by tractorguy
Mon Sep 08, 2014 9:39 am
 
Forum: Personal Finance (Not Investing)
Topic: Employer finding out you have a financial cushion?
Replies: 72
Views: 8568

Re: Why does the stock market "always go up"? Will this pers

I suggest you read, A Splendid Exchange: How Trade Shaped the World by William J. Bernstein (May 14, 2009) . He gives an interesting historical perspective on the differences between the hugely long period of time (think Egypt at the time of the Pharaos) when the economy only grew at the rate of pop...
by tractorguy
Mon Sep 08, 2014 9:19 am
 
Forum: Investing - Theory, News & General
Topic: Why does the stock market "always go up"? Will this persist?
Replies: 42
Views: 3970

Re: Take slightly better job if you had to wait 1 year for 4

My answer to your question has two parts. 1) +1 on negotiating a signing bonus to cover the shortfall. I'd go for a higher salary first, then try for a hiring bonus if the salary increase gets turned down. The person who is hiring you or his immediate supervisor probably have authority to grant eith...
by tractorguy
Tue Sep 02, 2014 9:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Take slightly better job if you had to wait 1 year for 401k?
Replies: 19
Views: 933

Re: Advice on job opportunity abroad: taxes, cost of living,

IMOP, you're being offered a lousy deal. Your company is avoiding all risk of hiring an unknown local and not compensating you for the taking the risk of pulling up stakes and moving to a foreign country. I was an expat in the UK and Japan for a U.S. multinational for 10 years, returning in 2008. My...
by tractorguy
Mon Sep 01, 2014 10:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Advice on job opportunity abroad: taxes, cost of living, etc
Replies: 13
Views: 1257

Re: Best way to control someones account.

Before setting up trust, I suggest you also talk to a CPA re taxes (both income and inheritance). My parents set up education trusts to partially cover my daughters college tuition. As administrator I had to do the federal and state income tax every year. My impression was that the tax rates for tru...
by tractorguy
Tue Aug 19, 2014 8:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Best way to control someones account.
Replies: 22
Views: 1926

Re: “The more I learn, the more I realize how much I don't k

I also like your asset allocation but the more important thing is what you will think about it in the next downturn. Were you invested in 2008? During the drop, did you sell stocks, leave it alone, or buy more because they were cheap? Your behaviour during 2008-2010 is a good predictor of your behav...
by tractorguy
Fri Aug 15, 2014 7:53 am
 
Forum: Investing - Help with Personal Investments
Topic: “The more I learn, the more I realize how much I don't know"
Replies: 18
Views: 1957

Re: Poll - Do you use Quicken?

I use Quicken on a Windows 7 machine to both track investments and to remind me when to pay utility and CC bills. I log in once a week, take care of bill paying reminders, and then auto download bank, credit card, and investment account updates. Most weeks this takes 15 minutes. At the beginning of ...
by tractorguy
Sat Aug 09, 2014 1:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Poll - Do you use Quicken?
Replies: 85
Views: 5599

Re: How many Accounts do you log into and how do you manage?

I have no idea how many active accounts & passwords I have but its well over 100. Monthly, I only check about a dozen to pay bills and check status (2 credit cards, 2 banks, 2 brokerage houses, 3 utilities, etc.).However, everything from the newspaper to hotels.com to frequent flier programs to ...
by tractorguy
Thu Aug 07, 2014 10:51 am
 
Forum: Personal Consumer Issues
Topic: How many Accounts do you log into and how do you manage?
Replies: 52
Views: 3011

Re: Options for "mortgage pre-payment plan"

+1 on paying all of your "fund" towards your mortgage immediately. You'll reduce your loan balance and interest cost the day your payment is credited to your account. If you've decided that you want to pay it down there is no reason to let your money sit in a bank that is paying less inter...
by tractorguy
Fri Aug 01, 2014 7:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Options for "mortgage pre-payment plan"
Replies: 17
Views: 1243

Re: Vanguard not vigilant about taxes?

I can't tell what the OP is expecting Vanguard to do. The funds I invest in all have objectives that are a variant on "invest companies to reflect a market index and match the returns of the index." None of them have the proviso "except when mergers or buyouts affect capital gains tax...
by tractorguy
Wed Jul 23, 2014 4:32 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard not vigilant about taxes?
Replies: 15
Views: 1788

Re: Intimidated by Trustee and Investment Advisor

I'm not a lawyer but have had to deal with a trust when my father died. My mother was the trustee and the financial advisor was Edward Jones. I don't particularly like Edward Jones fee structure but they at least were totally professional and transparent about the investments and who owned them. IMO...
by tractorguy
Mon Jul 21, 2014 2:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Intimidated by Trustee and Investment Advisor
Replies: 32
Views: 4163

Re: Which kind of bike for recent retiree?

There are so many bike styles out there because each one appeals to a different kind of rider. We have many bike shops along the Fox River trail (western Chicago Suburb) that let you rent bikes for a day to ride on the trail. If I were just getting restarted, I'd probably rent one and take it out fo...
by tractorguy
Mon Jul 21, 2014 11:09 am
 
Forum: Personal Consumer Issues
Topic: Which kind of bike for recent retiree?
Replies: 48
Views: 2938

Re: Buying a camper

We had a pop up trailer for 5 years when our children were younger. Took it everyplace from Florida to Idaho and I can't say that I ever felt that set up times were too much of an issue. It was usually a dead heat between me getting the trailer torn down in the morning and my spouse getting the 4 gi...
by tractorguy
Tue Jul 15, 2014 3:47 pm
 
Forum: Personal Consumer Issues
Topic: Buying a camper
Replies: 26
Views: 2835

Re: Allstate's Drivewise Program

I've been using drivewise for a few years. I save 13% on my car (which I use for about 6500 miles/year), pay full rates on spouses car which we put 16500 miles on per year. As the other poster said, Drivewise monitors mileage, hard braking, events of speed over 80, and time of day you're driving. My...
by tractorguy
Tue Jul 15, 2014 3:14 pm
 
Forum: Personal Consumer Issues
Topic: Allstate's Drivewise Program
Replies: 3
Views: 758

Re: Two month car rental

I rented a Cruze for 3 weeks in California. I wouldn't do it again. My back started hurting the second day of driving and didn't stop until I was home for 3 days. The seats don't have any lower back support and I couldn't get it adjusted to get comfortable. I talked to a neighbor who used to be a GM...
by tractorguy
Wed Jul 02, 2014 4:48 pm
 
Forum: Personal Consumer Issues
Topic: Two month car rental
Replies: 28
Views: 2085

Re: US citizens abroad cannot invest through a US brokerage

I lived abroad from 1998-2008. This is not new. At that time, I had to maintain a U.S. mailing address (not a PO box) that was the address of record for all my accounts with Vanguard, Fidelity, & Schwab. I never asked the firms why I needed a U.S. postal address but I'm guessing that they are no...
by tractorguy
Wed Jul 02, 2014 10:22 am
 
Forum: Investing - Theory, News & General
Topic: US citizens abroad cannot invest through [Fidelity]
Replies: 97
Views: 9081

Re: Reliable car for a long commute

Find a car that has seats that fit her. You may need to rent one for a couple of days and take some longer (several hour) test drives to judge this. For long trips, we've opted for 6 way power seats with lumbar adjustment. I tried Honda and the seats just didn't fit me. We've settled on a Camry LXE ...
by tractorguy
Wed Jun 18, 2014 4:29 pm
 
Forum: Personal Consumer Issues
Topic: Reliable car for a long commute
Replies: 19
Views: 970

Re: Great long-term reliability data for used cars

Reliability (Which I define as it always starts, everything fits properly, and everything works for the first five years) and Durability (How long it keeps running before it gets too expensive to repair) are not the same thing. The web site referenced in this string is all about Durability. JD Power...
by tractorguy
Sun Jun 15, 2014 8:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Great long-term reliability data for used cars
Replies: 3
Views: 615

Re: Young boglehead: Materials science, chemE, or mechE for

You should check the prerequisites for the courses you will need to get a masters in the degree options you are considering. Engineers typically take more math than chemistry majors are required to. They also take courses (structural mechanics, etc.) that are unique to engineering. I think you will ...
by tractorguy
Fri Jun 06, 2014 8:13 am
 
Forum: Personal Finance (Not Investing)
Topic: Young boglehead: Materials science, chemE, or mechE for grad
Replies: 28
Views: 1975

Re: Mistake: extra dirt

Keep the dirt, don't pay the supplier. It's their mistake. If they wanted you to pay for it, they would have said so (and I would have refused). My experience with dirt is that it will be no problem making a couple of extra yards disappear in the garden and yard. It will just be a little extra work ...
by tractorguy
Thu Jun 05, 2014 8:01 pm
 
Forum: Personal Consumer Issues
Topic: Mistake: extra dirt
Replies: 24
Views: 2211

Re: does frugality result in lower career ambition?

I think there may be correlation between spending style and career ambition but I don't think its cause and affect. IMOP, they are both the result of a particular outlook on life. I've known many highly competitive people who are ambitious for bigger job titles and also spend a lot on big, expensive...
by tractorguy
Mon Jun 02, 2014 2:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: does frugality result in lower career ambition?
Replies: 113
Views: 9050

Re: Medical Residency Retirement - Why don't we get a match?

Disclaimer; I've never worked in a hospital and don't know anything about their cost and pay structure. However, I was trained as an engineer (another discipline that trains its practitioners to focus on quality and doesn't talk much about business realities in school). In my career, I spent enough ...
by tractorguy
Mon Jun 02, 2014 9:16 am
 
Forum: Personal Finance (Not Investing)
Topic: Medical Residency Retirement - Why don't we get a match?
Replies: 57
Views: 3648

Re: Appreciated Securities...Concentrated Positions Question

I don't think its super critical to sell right now (at 7%, this is a large but not overly so part of your portfolio). If you've been re-investing dividends, then you may have some short term gains. I'd hold those for a year to convert them to long term and then sell. Its a bit of a toss up if you wa...
by tractorguy
Thu May 29, 2014 12:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Appreciated Securities...Concentrated Positions Questions
Replies: 7
Views: 463

Re: declining job due to travel

As others have said, you need to decide what you want out of life and what you'd be happy with as a career 5/10/15 years from now. I'd also think about what you want to be doing when the kids are older and don't need all of the quality time with Dad. I've got a lot of friends in engineering that are...
by tractorguy
Fri May 23, 2014 8:22 am
 
Forum: Personal Finance (Not Investing)
Topic: declining job due to travel
Replies: 92
Views: 12254

Re: How to Attack Wife's Student Loans

You don't say what the interest rate is on the loans. My approach to them would be dependent on this. If its low, (< about 4%), I'd probably pay them off in 12 months or so. If its higher than 4%, I'd pick the highest rate loan, pay it off now, and then make payments on the other one while the emerg...
by tractorguy
Thu May 22, 2014 4:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to Attack Wife's Student Loans
Replies: 25
Views: 1904

Re: Buy house or car first?

I'm in agreement with your husband. I would not exhaust my emergency fund by spending every penny I have on a house down payment when I know that I have a possible big bill coming in the form of a car repair or down payment on a replacement. I would also never spend all I have on a down payment in g...
by tractorguy
Wed May 21, 2014 9:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buy house or car first?
Replies: 6
Views: 770

Re: Factoring TLH Into Decision Whether To Use An Advisor

Livesoft pointed out the possible benefit of... tax-loss harvesting now could shift the future long-term capital gains tax for this individual from 20% to 0% . How likely is this to really happen? To pay a 20% long term capital gain, the tax payer would have to be in the 39.6% federal bracket (incom...
by tractorguy
Mon May 19, 2014 2:04 pm
 
Forum: Investing - Theory, News & General
Topic: Factoring TLH Into Decision Whether To Use An Advisor
Replies: 34
Views: 1467
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