Bogleheads.org

AllieTB1323

This is the amt. of time I was told to expect for an IRA transfer request. "It is easier to change a 'No' to a 'Yes' than the reverse." You are experiencing Marketing 101. It probably won't take that long. Always best to under promise and then over deliver. Vanguard quoted five to six weeks to move...

AllieTB1323

My opinion is that you should have at least two main locations for assets, money holdings, etc. as a precaution against some temporary glitch in access to your assets. That could be anything from an IT fiasco, hacking, suspected fraud on your account, etc. Going beyond that seems unnecessary. It co...

AllieTB1323

We owned a sucessful C-Corp privately held service business for thirty years and always valued it as a net zero in our net worth. Our investments were split 60/40. The rationale was the business at it's worst was worth the salvage value of the office furniture.

AllieTB1323

That is the reason for the question. Dividend tax rates could prove to be lower for say 200K in net profit before salary, 100K in salary and get the rest in dividends after paying payroll, futa/suta, income-tax. Maybe 0% if taxable income is less than 75k if I understood correctly, assuming one can...

AllieTB1323

Both taxable and retirement are split between Fidelity and Vanguard.

AllieTB1323

Had a C-Corp for about 27 years and I took a salary at the upper levels of range for managers in my industry and took the rest a dividends. I also personally owned the building the business occupied and set the rent at the upper level of the local prevailing rent. The rent/dividend question is indus...

AllieTB1323

Our trailer trailer. It is now on consignment at a local dealer. Live and learn.

AllieTB1323

Apple's Numbers. We put maybe 90% of our spending on credit cards. Most of our expenses are reoccurring. Our income is fixed so we are basically running a monthly cash profit and loss.

AllieTB1323

Leave a few dollars in a dormant account for 5 years, and then begrudge the brokerage for their small transfer fee. The sign of an extreme Boglehead. :oops: I agree. Not only was this an extremely unprofitable account. An account closing/transfer fee is the norm for the industry not withstanding Va...

AllieTB1323

mouses wrote: ↑
Tue Sep 05, 2017 9:22 am
And people wonder why I insist on paper statements and keep offline records.

Did anyone explain how the money got "lost"? That would be interesting to know.

Also, it's wise to routinely backup pdfs of the statements and any trade confirmations to the cloud.

AllieTB1323

During the 90's we had our one and only advisor. He had too much our money concentrated in the Munder NetNet B fund. That fund went sky high until it didn't We were caught when the bubble popped. We were lucky to get out with a small profit. We weren't his only victims; other clients were far less l...

AllieTB1323

Use FSITX at Fidelity and BND with a touch of VCIT at VG.

AllieTB1323

To us it was a hair on fire buying opportunity.

AllieTB1323

A mutual fund manager would be in the investing hall of fame if they could beat a comparable index fund by 1% a year over the long term. They also do stock picking as their full time job and have staff to help them. Thinking that you might be the market by a significant percent when you only spend ...

AllieTB1323

It's a bit late for this suggestion now, but for others... DRIVE the car, the exact model, you are considering buying. Drive it for an extended time, not just 10 minutes around the dealership. Take it on bumpy roads, fast highways, etc., for a few hours. Also keep in mind that if one is driving dem...

AllieTB1323

Three credit cards. One, Fidelity Visa is on auto pay the other two I manually schedule the payment two days before the due date. I put everything on the cards which sometimes gives us a larger balance which may or may not affect our credit score. We don't worry because those days are behind us. It'...

AllieTB1323

We have VWINX happy with it. A more "Boglesque" similar fund (or "Sharpesque") might be Life Strategy Moderate Growth VSMGX, which is total market index. Believe performance is a notch above VWINX. In Fidelity I use PONDX as a surrogate which seems to match VWINX Given VWINX is basically 40 : 60 wo...

AllieTB1323

A Fidelity site search for "FIDELITY FREEDOM" will return a list of their target date funds. Don't consider the Fidelity Freedom Funds. They have higher expense ratios. Consider only the Fidelity Freedom Index Funds. They have lower expense ratios. Yup, Fido has about 33 target dated funds of which...

AllieTB1323

tennisplyr wrote:I'm in Vanguard (75%) and Fidelity (25%). Does anyone else believe they shouldn't have all their eggs in one basket??

My thoughts exactly. I worry more about the backend IT function than I do about liquidity.

AllieTB1323

Mike Scott wrote:There is something very satisfying about laying a hard drive on an anvil and smacking it with an 8lb sledge. It's effective as well as being cheap entertainment.

In much the same fashion I put one in a large vise then tried to put a ninety degree bend in the case using a hand sledge.

AllieTB1323

I leave $5 on the desk. This is one of the few activities where I still use cash. The only other things that come to mind are the barbershop and to pay for parking at the stadiums in Philly to see one of my teams lose again. Ditto, five bucks a night. For us it's a trip to Seattle to watch the M's ...

AllieTB1323

I pay all our utility bills using a Cash Back reward CC. The CC is on autopay from the check account.

FYI: Debit cards, since they are a direct line to the checking account scare the heck out of me.

AllieTB1323

chinto wrote:
bondsr4me wrote:
Wricha wrote:Personally over the course of 30 years I have been with all three, Schwab's service is heads above Fidelity and heads and shoulders above Vanguard (this is capital offense on this site)
+1

I tend to agree with it all.

Don
I agree too.

Yup, never cross the third rail of Vanguardism.

AllieTB1323

Since my Fido index funds have an insignificant lowered cost than the comparable Vanguard fund then they are inferior. Thanks for setting me straight.

AllieTB1323

Personally over the course of 30 years I have been with all three, Schwab's service is heads above Fidelity and heads and shoulders above Vanguard (this is capital offense on this site) +1 I tend to agree with it all. Don Haha, make that a +2. In my world this is an example of experimenter bias.

AllieTB1323

See the difference? Not in the fund, but in the fee. Why pay more? People do because Fidelity makes the first fund very visible, but you've got to dig deeper to find the other (lower class index) fund. Why do you suppose that is? Be careful out there. Know what you're paying. Don't be duped. Vangua...

AllieTB1323

My father's actions always spoke louder than his words. He was the epitome of stealth wealth. I had no idea how much money he had until he passed away, but I always knew from the way he conducted himself that he had great financial confidence and assurance. Now I know why. My dad always said people...

AllieTB1323

You can apply to have the IMRR recalculated/reduced when or if you or your spouse stop working or your income is reduced to the next lowest income tier. Otherwise, you will have to wait for SSA to adjust it downward based on your future lower-MAGI tax return. You will need to verify your new income...

AllieTB1323

Vanguard Wellesley (VWIAX), Own a small position and haven't any plans to sell. Our timeline is measured in decades so the day to day noise isn't important. Reflexive trading raises costs and brings down the return. Isn't Jack Bogle's advise something like "Don't do something; just stand there&...

AllieTB1323

Seller financed business sales are scary. Check around, too many come back to the seller. I'm a proud, retired former owner of a small service business. The business provided us with about 300K per year. We sold it for about 3.5X the cash flow. We financed the sale. Our goal was NOT to have the buye...

AllieTB1323

what are the most convincing arguments people have heard against passive investing or in favor of active investing? Vanguard Wellington +1 Wife & I hold Wellington & Wellesley in our TIRAs. With those track records & ER's it feels kinda wrong to call them active. Ditto, DW and I have he...

AllieTB1323

Two retirement accounts and a brokerage account at Fidelity. One brokerage account at Vanguard. Two money market accounts; one is at AMEX and the other is at GS. DW isn't comfortable having everything at one firm. Think it is wise to invest in TSM at both VG and Fidelity? Can't see it being a probl...

AllieTB1323

Is the account taxable? If so wouldn't the rebalancing of the individual funds trigger a potential tax liability?

AllieTB1323

Two retirement accounts and a brokerage account at Fidelity. One brokerage account at Vanguard. Two money market accounts; one is at AMEX and the other is at GS. DW isn't comfortable having everything at one firm.

AllieTB1323

A few years ago we moved a taxable account from RBC to Fidelity. No problem. It was painless; they did all the work.

AllieTB1323

We are not frugal, but we are very much LBYM. Last year, our expenses were 43% of our total gross income. What didn't go to taxes was invested. I've found that there's probably greater satisfaction to be had in small, frequent luxury items. Opt for a $20 sushi lunch when I feel like it? Sure. Drop ...

AllieTB1323

From experience I can say RBC will charge an account closure fee but it is money well spent.

AllieTB1323

I too have always enjoyed Larry's informative, insightful and thought provoking posts. Bogleheads will be less without them. I can only hope that Larry will take a break and then decide to come back and participate at a level that he is more comfortable with and ignoring the "noise." I kn...

AllieTB1323

Before you start putting a bunch of stuff on the lawn, have the soil tested so you know what the deficiencies are. We had very low PH soil so it took a couple of years to raise the PH. Then we had the front lawn killed and seeded in the fall. This fall we will kill the back yard and seed. Unless yo...

AllieTB1323

Always had one number - enough to support same financial lifestyle as when working (plus a buffer) when not working. Shedding debt and dependants are as important as savings in this equation if not more so. 22 months out and looking good - set my date in 1990 and haven't changed it other than a few...

AllieTB1323

Twice, the first was getting talked into purchasing Munder NetNet B during the dot.com boom. It went straight up and defied Newtonian physics on the way down. The second was believing anything Washington Mutual management said about the company's stability. Made a great tax deduction. Munder taught ...

AllieTB1323

Our two girls were responsible for clearing the dining room table, loading the dishwasher, making their beds etc. Yup, we almost always ate dinner together at the table. As they became teenagers they also worked part time at our business. I think the work and chores helped our girls become organized.

AllieTB1323

I would absolutely move the IRA to Vanguard and get it set up however you want. Do a search for "three fund portfolio" or pick a Target Date fund that suits. The "basis" of the Oakmark should be the value at the time of the inheritance. The only tax consequences would be on gain...

AllieTB1323

The fund is an odd duck. I have a very small allocation in it. Here is a recent WSJ article about the fund.

https://www.wsj.com/articles/getting-sh ... 1488554133

AllieTB1323

Costco m not sure about shipping We write 5 checks a month mostly to a home cleaner and a trainer. They'd prefer cash but will accept a check. So the Costco quantity should last about 5 years. We try to charge everything. If we have to write a check, we mostly use the billpay function at Vanguard o...

AllieTB1323

In a prior life I was an agronomist and owned and operated a private soil testing lab. So can I ask some questions then please? I just assume that homeowners who have soil tests done dig up a little bit of soil from one place in the yard and send it off. I can imagine that different parts of the ya...

AllieTB1323

Throw away the estimate if they're not doing a soil test. As someone earlier suggested, go to m forums. Spend $20 for a soil test and post the results there. They will give you a plan for what you need to do with mostly non-chemical fertilizers. They are very helpful and in a few seasons I had a lu...

AllieTB1323

Also, check to see if your state has laws governing the financial exploitation of vulnerable adults. We used the Washington State DSHS to chase away a few grifters angling for my stepfather's assets.

AllieTB1323

Cut them a little slack because they are growing rapidly. Just reached $4 trillion in assets. They are kind of the Costco of the investing world. Low prices and best products but minimal customer service to keep costs down. Don't know about you but I'm less than tolerant about service providers scr...

AllieTB1323

Do you have a copy of the trust document? If not, get one. You are entitled to it, and should insist. If PNC is the trustee, talk to their trust department. Then read through the trust to see what rights you have to appoint or change trustees. Also read what the trust directs the trustees to do. Ma...

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