Search found 2821 matches

by 123
Wed Feb 14, 2018 7:25 pm
Forum: Investing - Help with Personal Investments
Topic: Suggestions for Reasonably Safe Funds
Replies: 27
Views: 1758

Re: Suggestions for Reasonably Safe Funds

If you're so adverse to risk perhaps just a ladder of CDs would work. There is not much return but there is not much risk. There is no free lunch.
by 123
Wed Feb 14, 2018 4:56 pm
Forum: Investing - Help with Personal Investments
Topic: How to advise a parent
Replies: 19
Views: 1320

Re: How to advise a parent

Vanguard Personal Adviser Service PAS has a minimum of $50,000.00 and an annual fee of .3%. All by telephone only.
by 123
Wed Feb 14, 2018 2:50 pm
Forum: Investing - Theory, News & General
Topic: Increasing SS PIA by working again
Replies: 27
Views: 1442

Re: Increasing SS PIA by working again

There is also an "indexing" feature that depends on the year you attain age 60. Wages you earned in the years before the year you attained age 60 are indexed (generally increased) whereas earnings in the year you are 60 or older are just taken at face value, without indexing, this has a tendency to ...
by 123
Wed Feb 14, 2018 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Helping Mom with Taxes
Replies: 40
Views: 1822

Re: Helping Mom with Taxes

I doesn't sound like there is anything that TurboTax or another tax program hasn't seen before. A look at the prior year return (even a couple of years old) will undoubtedly answer all of the questions you have. I've done return for elderly friends and relatives over the years and they're a snap wit...
by 123
Wed Feb 14, 2018 1:12 am
Forum: Personal Finance (Not Investing)
Topic: C-Suite etiquette advise needed
Replies: 27
Views: 3577

Re: C-Suite etiquette advise needed

The response by luminous is excellent.
by 123
Wed Feb 14, 2018 12:10 am
Forum: Personal Finance (Not Investing)
Topic: Turbotax: How Do You Re-Order Interest & Dividends?
Replies: 4
Views: 495

Re: Turbotax: How Do You Re-Order Interest & Dividends?

Just delete them and enter them again to achieve your desired order.
by 123
Tue Feb 13, 2018 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Accountant not doing taxes while you are there
Replies: 21
Views: 2110

Re: Accountant not doing taxes while you are there

Perhaps he doesn't want you watching while he uses TurboTax or a similar licensed product. If he could whip it out and be done in 5 to 15 minutes you wouldn't feel he really earned his fee, better for the CPA to keep the "magic" behind a curtain.
by 123
Tue Feb 13, 2018 8:59 pm
Forum: Personal Consumer Issues
Topic: rule of thumb of when to sell your car
Replies: 50
Views: 3276

Re: rule of thumb of when to sell your car

I would sell when the car becomes "unreliable" and cannot be repaired to be reliable at a reasonable cost. An alternative point is when you are ashamed to be associated with the car. If a car worth $1,000 needs a $1,500 repair it cannot be repaired at reasonable cost. If you are ashamed of the appea...
by 123
Tue Feb 13, 2018 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Ramifications of naming your trust as your 401k beneficiary
Replies: 7
Views: 925

Re: Ramifications of naming your trust as your 401k beneficiary

The required RMD for 2018 is the one for the account owner (deceased). That's the way it works. Edited to add: Vanguard says: "If you inherit the IRA, you must begin taking RMDs by December 31 of the year after the year of the IRA owner's death, based on the longer of: Your life expectancy expectanc...
by 123
Tue Feb 13, 2018 12:14 pm
Forum: Investing - Help with Personal Investments
Topic: Where To Allocate 600,000 Fixed Income?
Replies: 11
Views: 1414

Re: Where To Allocate 600,000 Fixed Income?

If you want the security of CDs in this interest rate environment I would put no more then half of it in 12 month CDs and hold the rest in a high money market savings account. In 2 or 3 months I would revisit the rate available on 12 month, or alternate period CDs, and perhaps buy another. You do no...
by 123
Mon Feb 12, 2018 11:29 pm
Forum: Personal Consumer Issues
Topic: Depositing check with 2 names in the "Payee" section
Replies: 11
Views: 935

Re: Depositing check with 2 names in the "Payee" section

While it's not pretty you can "wash" the funds through your own account if your own financial institution will accept the deposit with all endorsement, including yours, and then you write a replacement check from your account. Edited to add: If you have a financial institution (bank/brokerage) that ...
by 123
Mon Feb 12, 2018 11:19 pm
Forum: Personal Consumer Issues
Topic: Depositing check with 2 names in the "Payee" section
Replies: 11
Views: 935

Re: Depositing check with 2 names in the "Payee" section

Dealing with real people is bound to lead to problems. Have you tried depositing it at the bank's ATM?
by 123
Mon Feb 12, 2018 11:04 pm
Forum: Investing - Help with Personal Investments
Topic: realized startup equity / schwab private client
Replies: 15
Views: 764

Re: realized startup equity / schwab private client

If you use any advising service from anyone, with probably the exception of Vanguard PAS, you will likely be on a hit-list of customers who can be sold more products by advisers from Schwab or wherever you find your adviser. I've found the only way to be "off the radar" is to manage your own investm...
by 123
Mon Feb 12, 2018 10:02 pm
Forum: Investing - Help with Personal Investments
Topic: Where to invest funds from home sale?
Replies: 17
Views: 1012

Re: Where to invest funds from home sale?

At her age I would just use CD's. It doesn't seem appropriate to take any risk. Why bear any risk of loss?

Edited to add:
Some of the internet bank insured money market savings accounts pay 1.4% or more so you can put some there if you want to see what happens with interest rates.
by 123
Mon Feb 12, 2018 9:04 pm
Forum: Personal Consumer Issues
Topic: Help me help my niece (College costs, financial aid, etc)
Replies: 41
Views: 2446

Re: Help me help my niece (College costs, financial aid, etc)

Deciding on a college can involve a lot of difficult decisions. Some colleges manipulate students by establishing a high "list price" and then offering many, if not all, students a scholarship. They know students are more likely to actually enroll at a school that offers them a substantial scholarsh...
by 123
Mon Feb 12, 2018 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: What are the chances of corrected 1099s?
Replies: 19
Views: 1173

Re: What are the chances of corrected 1099s?

The only corrected 1099s I've ever received have been in connection with international mutual funds or ETFs so that seems to be the main "risk" area from our experience.
by 123
Mon Feb 12, 2018 12:03 pm
Forum: Personal Consumer Issues
Topic: I’m not renewing my Costco membership.
Replies: 80
Views: 7037

Re: I’m not renewing my Costco membership.

duckcalldan wrote:
Mon Feb 12, 2018 9:43 am
... I’m not going to renew my membership when it expires at the end of February...
Sorry it no longer works for you. Sorry to see you go but it does means the lines may be a little shorter for those of us that remain...
by 123
Sun Feb 11, 2018 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Family expecting “comps”
Replies: 38
Views: 4668

Re: Family expecting “comps”

If your business is food and drinks and they expect freebies, maybe turnabout is fair play. You and your family should stop by the offenders home at dinner time and announce "It's your turn to be the host, we're here to join you for dinner".
by 123
Sun Feb 11, 2018 1:13 am
Forum: Investing - Theory, News & General
Topic: Why should we care about inflation?
Replies: 58
Views: 4975

Re: Why should we care about inflation?

Inflation facilitates the confiscation of resources by the government via taxes. That portion of an assets value that increases only due to inflation is taxed the same as any other increase in asset value. If I have an asset that increases in value only due to inflation and I sell it I lose on the t...
by 123
Sun Feb 11, 2018 1:01 am
Forum: Investing - Theory, News & General
Topic: Borrow vs Pay Cash
Replies: 24
Views: 1837

Re: Borrow vs Pay Cash

I try to avoid financing and pay cash whenever possible. Monthly payments on indebtedness are an annoyance. I've got better things to do with my time. There are bigger fish to fry.
by 123
Sun Feb 11, 2018 12:47 am
Forum: Personal Consumer Issues
Topic: Does it ever make sense to buy a new car?
Replies: 103
Views: 6301

Re: Does it ever make sense to buy a new car?

Since my first new car that I bought for cash a year after getting out of college I've always bought new cars. I've kept each of them 10 - 20 years with no regrets.
by 123
Sun Feb 11, 2018 12:43 am
Forum: Investing - Help with Personal Investments
Topic: Rollover Options After leaving company
Replies: 2
Views: 175

Re: Rollover Options After leaving company

I would generally suggest just leaving it at Schwab except if there are significant fees involved. I've got a friend who has a Schwab 401k but it is part of a "Brokerage Link" that costs him something like $12 a quarter. The main decision about whether to leave it as Schwab may depend on how much an...
by 123
Sun Feb 11, 2018 12:30 am
Forum: Personal Consumer Issues
Topic: Financially secure, horrible workplace but just can't FIRE
Replies: 54
Views: 6191

Re: Financially secure, horrible workplace but just can't FIRE

Among the people I've worked with it seems that those that are highly "connected" with people they work with tend to stick it out and longest and retire later while those who weren't really "invested" in their jobs retire as early as they can. Those that were "connected" with the people they worked ...
by 123
Sun Feb 11, 2018 12:18 am
Forum: Personal Consumer Issues
Topic: Home printer
Replies: 21
Views: 960

Re: Home printer

We had a Brother black and white laser printer that lasted for 7 or 8 years and we replaced it with a similar simple Brother for something like $70 from Office Depot. Works great for us. We print under 1,000 pages a year. We get along fine with black and white. Since we've now got smart phones we se...
by 123
Sat Feb 10, 2018 1:43 am
Forum: Personal Finance (Not Investing)
Topic: American National Life Insurance - No medical exam?!
Replies: 4
Views: 487

Re: American National Life Insurance - No medical exam?!

A web search indicates that the no medical exam policy is based on an acceptable medical history and has limits in terms of policy value. Seems like they may still check for prescription history indicators as well as info from MIB (Medical Information Bureau). An insurance company can "cut a lot of ...
by 123
Fri Feb 09, 2018 7:27 pm
Forum: Investing - Help with Personal Investments
Topic: Use of professional financial advisor for portion of assets
Replies: 5
Views: 460

Re: Use of professional financial advisor for portion of assets

Professional management with Vanguard Intermediate-Term Corporate Bond ETF has an expense ratio of .07% might be a better deal.
by 123
Thu Feb 08, 2018 5:24 pm
Forum: Personal Consumer Issues
Topic: Scrapping old computer parts
Replies: 24
Views: 1337

Re: Scraping old computer parts

If you've got a lot of old computer parts I would stuff them (loose) into one of the computers you're turning in for recycling. I think places are less likely to take a box of loose parts. If they're in a desktop computer you could say the computer got noisy so you stopped using it if anyone asks, t...
by 123
Thu Feb 08, 2018 11:02 am
Forum: Personal Consumer Issues
Topic: Tip amount for daily newspaper delivery
Replies: 21
Views: 1133

Re: Tip amount for daily newspaper delivery

We're in a HCOL area and get a couple of newspapers daily, all delivered by the same carrier. If we've had the same carrier all year (for the most part) we'll tip $100 at Christmas. If it's less than a year we adjust it. We can usually identify a change in carrier due to a difference in paper placem...
by 123
Thu Feb 08, 2018 1:52 am
Forum: Investing - Help with Personal Investments
Topic: Inheritance, Schwab, Vanguard, Confusion.
Replies: 10
Views: 1120

Re: Inheritance, Schwab, Vanguard, Confusion.

While I love Schwab and heartily recommend them there is a problem when buying Vanguard mutual funds at Schwab. If you buy Vanguard mutual fund shares at Schwab each purchase has a special transaction fee of about $60. As an alternative you can get similar Schwab branded funds at Schwab without any ...
by 123
Wed Feb 07, 2018 10:47 pm
Forum: Personal Consumer Issues
Topic: Xfinity mobile is burning through data
Replies: 17
Views: 1546

Re: Xfinity mobile is burning through data

Is there anyone else on Xfinity account with you? Maybe the usage "account" value includes others besides yourself.
by 123
Wed Feb 07, 2018 10:25 pm
Forum: Investing - Help with Personal Investments
Topic: Why does my wife have this portfolio?
Replies: 32
Views: 3749

Re: Why does my wife have this portfolio?

Her portfolio totals almost $600K. With a 1% AUM fee (common these days) she is paying her adviser probably something like $6,000 a year. Why not ask her if you can spend $6,000 annually (of your own separate funds) willy-nilly and call it even? You could spend it on going out and vacations (without...
by 123
Wed Feb 07, 2018 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: Do I have to pay taxes on a bank checking account bonus?
Replies: 16
Views: 1596

Re: Do I have to pay taxes on a bank checking account bonus?

I found an interesting comment on Bankrate.com about credit card rewards: "The IRS thinks of the rewards as a discount on the purchase rather than some kind of gain in income or wealth. These “rebates” include cash back, miles or points toward merchandise." https://www.bankrate.com/finance/credit-ca...
by 123
Wed Feb 07, 2018 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: Removing personal info on internet
Replies: 10
Views: 1665

Re: Removing personal info on internet

I don't think there is much you can do about what is already out there. Try not to get arrested. It seems that there are numerous sites that specialize in arrest records and posting booking photos who, for a fee, will remove their postings about you. But there are a lot of those sites. I was researc...
by 123
Wed Feb 07, 2018 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 223
Views: 13476

Re: free dinner investing seminar

In my area I've seen newspaper ads and heard radio adds for living trust seminars as well as cemetery/cremation seminars. Most of these seem to be free lunch arrangements aimed at an older crowd who is available in the middle of the day.
by 123
Wed Feb 07, 2018 7:51 pm
Forum: Investing - Help with Personal Investments
Topic: Selling a mutual fund to buy an ETF
Replies: 6
Views: 438

Re: Selling a mutual fund to buy an ETF

For a mutual fund sale to settle in one day you have to meet the cut-off time established by your broker, you also have to consider your time-zone. Many brokerage firms have cut-off times for mutual fund purchases and sales that may be earlier then the closing time of the stock exchange. If you don'...
by 123
Wed Feb 07, 2018 7:38 pm
Forum: Personal Consumer Issues
Topic: Getting Rid of Ants in the House?
Replies: 46
Views: 2492

Re: Getting Rid of Ants in the House?

The best ant poison is one you can easily make yourself. You need Borax and sugar. Borax is usually available in the grocery store as Boraxo in a big box for something like $7. You can also add it (the Boraxo only) to you laundry to make your detergent work better in addition to killing aunts. You s...
by 123
Wed Feb 07, 2018 4:56 pm
Forum: Personal Consumer Issues
Topic: How to stop mail for former occupants?
Replies: 103
Views: 5760

Re: How to stop mail for former occupants?

After returning mail with a notation "No longer at this address" for a time some stuff would still come. So what I started to do was mailing the envelope (or catalog address page) back in a stamped envelope with a notation to please change mailing address to: the address of the sender as indicated o...
by 123
Wed Feb 07, 2018 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: No Emergency Funds yet Major Car Emergency
Replies: 47
Views: 2995

Re: No Emergency Funds yet Major Car Emergency

I wouldn't pay for a new engine on a car that old. You may want to check back with the mechanic and find out if the engine they quoted you the price on was a rebuilt engine or a used engine from a wreck. An engine from a wreck can be totally fine, you may want to find out how many miles it had on it...
by 123
Tue Feb 06, 2018 11:07 pm
Forum: Personal Consumer Issues
Topic: Free standing gas stove vent is hot!
Replies: 7
Views: 752

Re: Free standing gas stove vent is hot!

You have a potentially very dangerous situation. We had a contractor try to install a fireplace insert but he could not make it work properly. We ended up getting a replacement unit from fireplace store and having them install it. It turned out the initial contractor lacked insight into how the air ...
by 123
Tue Feb 06, 2018 10:26 pm
Forum: Investing - Help with Personal Investments
Topic: Requesting Advice on Plan
Replies: 12
Views: 599

Re: Requesting Advice on Plan

You're in your mid 50's and have like 3 years to go to be a nurse practitioner. How long do you plan to work? What age do you plan to retire at? I don't necessarily see an cost/benefit return to such a career change at your age but personal/professional satisfaction is something that cannot be quant...
by 123
Tue Feb 06, 2018 10:12 pm
Forum: Investing - Help with Personal Investments
Topic: Employer sponsored program expenses
Replies: 6
Views: 448

Re: Employer sponsored program expenses

One aspect to consider when evaluating funds is the share class. A particular mutual fund may have multiple share classes that are sold for different purposes. Retail investors may get one class while a different class might be used in investments like 401Ks. Evaluate the share class available to yo...
by 123
Tue Feb 06, 2018 10:07 pm
Forum: Investing - Help with Personal Investments
Topic: variable annuity or CDs in parents IRA
Replies: 16
Views: 791

Re: variable annuity or CDs in parents IRA

On the contrary the variable annuity can be a very risky investment. It is a contract that is totally dependent on the continued financial health of the insurance company that issued it. In that sense there is a very high concentration of risk. Sure there may be other investment within the umbrella ...
by 123
Tue Feb 06, 2018 9:53 pm
Forum: Personal Consumer Issues
Topic: Visiting SAN FRANCISCO
Replies: 31
Views: 2104

Re: Visiting SAN FRANCISCO

...It will be COLD in August. Bring a jacket and hoodies. I am not kidding. The fog rolls in and you ain't gonna believe it. It is cold. Locals call it a "heat wave" when it gets over 70 degrees. Heat waves rarely last more than 3 days before the fog returns. San Francisco can be a cozy place to vi...
by 123
Tue Feb 06, 2018 9:43 pm
Forum: Investing - Help with Personal Investments
Topic: Living abroad. Retirement savings options?
Replies: 45
Views: 4988

Re: Living abroad. Retirement savings options?

Are there retirement account options available to you in your EU country? Have you investigated any tax treaty provisions that might apply to them? Some countries can have very different approaches to taxes and what is taxed, when it is taxed, and how much it is taxed. Looking at options for retirem...
by 123
Tue Feb 06, 2018 12:49 pm
Forum: Investing - Help with Personal Investments
Topic: sell and wait for further drop on Tax-Advantaged accounts?
Replies: 8
Views: 542

Re: sell and wait for further drop on Tax-Advantaged accounts?

Maybe it will take a long-time for "Lower" to happen. And as many postings on this board have indicated once you get out of the market frequently you don't get around to getting back until it's too late, if ever. A few months back we had a sudden excess of cash in a taxable account so we sold a equi...
by 123
Mon Feb 05, 2018 11:12 pm
Forum: Investing - Help with Personal Investments
Topic: Newly widowed mother-in-law asset allocation
Replies: 17
Views: 1217

Re: Newly widowed mother-in-law asset allocation

Agreed the accounts need simplification. I don't know that dividing a portfolio on a time horizon basis gets you anything. A simple 3 fund or 4 fund approach would likely work just as well. Just a comment. The husband must have enjoyed picking investments and not selling them to have such a fracture...
by 123
Mon Feb 05, 2018 9:55 pm
Forum: Investing - Help with Personal Investments
Topic: Rebalance after today's drop?
Replies: 32
Views: 4346

Re: Rebalance after today's drop?

I would hold off and re-balance either monthly, quarterly, or annually, not necessarily at the end of any period. My biggest concern about the target retirement funds and other fund-of-funds is that they re-balance frequently, probably daily.
by 123
Mon Feb 05, 2018 1:22 am
Forum: Personal Finance (Not Investing)
Topic: Average dude with just W-2 and some 1099-INT income
Replies: 18
Views: 1660

Re: Average dude with just W-2 and some 1099-INT income

For some reason, my turbotax is telling me that i'm better off with itemized deduction.. wonder why It may know, based on the data that has been supplied to it, that itemized deductions are better. If your W-2 or other inputs show state taxes paid/withheld it may be that those alone are enough to m...
by 123
Sun Feb 04, 2018 10:17 pm
Forum: Investing - Help with Personal Investments
Topic: New investor with windfall
Replies: 4
Views: 665

Re: New investor with windfall

Alphaomegan wrote:
Sun Feb 04, 2018 4:43 pm
...I grappled with dumping it into the SEP IRA all at once (this is an option, as I did not contribute in 2017), but I was too afraid of buying high...
Couldn't you have directed the contribution to a money market fund initially?
by 123
Sun Feb 04, 2018 2:19 pm
Forum: Personal Consumer Issues
Topic: Collecting
Replies: 16
Views: 1078

Re: Collecting

I think collecting of all kinds has declined for a lot of reasons. I think the rise of electronic communication and electronic payments have contributed to the decline in interest in stamp collecting and coin collecting. There is a certain sense of romance with old stamps and old coins that is just ...