Search found 198 matches

by John151
Wed May 04, 2016 3:08 pm
Forum: Investing - Theory, News & General
Topic: How many funds in your portfolio?
Replies: 75
Views: 2978

Re: How many funds in your portfolio?

I have a local checking account, TIAA Traditional, and U.S. Savings Bonds. All of my other investments are in Vanguard funds: a money market fund, four bond funds (split between taxable and tax-deferred accounts), and two stock index funds (one domestic and one international, both of them in taxable...
by John151
Sun May 01, 2016 5:39 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Limited-Term Tax-Exempt Fund > Ally Bank?
Replies: 12
Views: 1157

Re: Vanguard Limited-Term Tax-Exempt Fund > Ally Bank?

I keep a bit over two percent of my savings in a Vanguard money market fund in case of emergencies. I also have about eight percent of my savings in Vanguard’s Limited-Term Tax-Exempt Bond Fund. I consider it to be emergency money, but I haven’t had to draw on it so far, and I’ve had the fund for se...
by John151
Thu Apr 28, 2016 10:13 pm
Forum: Investing - Help with Personal Investments
Topic: Help getting out of a tiaa traditional
Replies: 22
Views: 830

Re: Help getting out of a tiaa traditional

TIAA-CREF offers a number of stock and bond funds, some with higher fees than Fidelity funds. But TIAA Traditional is considerably more stable, and the yield is net of expenses. In other words, you get the full 3%. I’d keep it all in TIAA Traditional. In fact, that’s what I do.
by John151
Thu Apr 28, 2016 9:41 pm
Forum: Investing - Help with Personal Investments
Topic: Help getting out of a tiaa traditional
Replies: 22
Views: 830

Re: Help getting out of a tiaa traditional

I count TIAA Traditional as a bond, and it forms about 25% of my bond allocation. I’d add to it if I could, but I can’t, because I’m retired. And I wish I didn’t have to start taking required minimum distributions from it, beginning next year. It has a very good and very dependable yield, and with v...
by John151
Mon Apr 25, 2016 5:37 pm
Forum: Personal Consumer Issues
Topic: Pros/Cons of Condo Living?
Replies: 43
Views: 3986

Re: Pros/Cons of Condo Living?

Picking up on something ladders11 said, you should try to find out how many units in the association are owner-occupied and are likely to stay that way. Mortgage lenders may shy away from associations where over half of the units are rentals. This might not be a problem when you’re buying, but it co...
by John151
Mon Apr 25, 2016 3:36 pm
Forum: Personal Consumer Issues
Topic: Pros/Cons of Condo Living?
Replies: 43
Views: 3986

Re: Pros/Cons of Condo Living?

I've lived in a condo association for over thirty years, and I've spent some of those years as a board member. Board members are almost always well-intentioned, but they're unpaid volunteers, and there's a limit to how much they're willing to do. For example, in my association, the board is required...
by John151
Sun Apr 24, 2016 12:00 am
Forum: Investing - Help with Personal Investments
Topic: Sell ibonds? Or hold?
Replies: 15
Views: 1574

Re: Sell ibonds? Or hold?

I had some I Bonds with a fixed rate of less than 1%. I sold them last year. Fortunately, I had bought a lot of I Bonds when the fixed rate was considerably more than 1%, and I’m hanging onto those. Money that I might have invested in new I Bonds is going into a tax-exempt bond fund instead.
by John151
Sun Apr 17, 2016 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Refund (Where Did It Go)
Replies: 21
Views: 1268

Re: Tax Refund (Where Did It Go)

I usually arrange my withholdings so that I’ll owe a small amount to the IRS. It’s been several years since I received a refund.
by John151
Sun Apr 17, 2016 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: How Did You File Your Income Taxes for 2015?
Replies: 101
Views: 4138

How Did You File Your Income Taxes for 2015?

Most of us have filed our 2015 income taxes by now, and it would be interesting to see how we filed them. Did you do your taxes by hand? Did you have a paid preparer do them for you? Or did you use computer software, and, if so, which software package did you use? I’d been filing with TurboTax for o...
by John151
Sat Apr 16, 2016 2:51 pm
Forum: Investing - Help with Personal Investments
Topic: Count TIAA Traditional towards the bond allocation?
Replies: 17
Views: 950

Re: Count TIAA Traditional towards the bond allocation?

hafjell wrote:I can't find the ER for TIAA Traditional. Any ideas?

I think the stated interest rate is net of expenses, so it’s already been factored in.
by John151
Fri Apr 15, 2016 10:21 pm
Forum: Investing - Help with Personal Investments
Topic: I Bonds before end of the month?
Replies: 20
Views: 3655

Re: I Bonds before end of the month?

I bought the legal limit on I Bonds when the fixed rate was between 3.6% and 1%. When the fixed rate dropped below 1%, I stopped buying them (but didn't sell them). With new money, I thought I’d do as well or better with a tax exempt bond fund. And I think I have.
by John151
Fri Apr 15, 2016 1:45 pm
Forum: Investing - Help with Personal Investments
Topic: Count TIAA Traditional towards the bond allocation?
Replies: 17
Views: 950

Re: Count TIAA Traditional towards the bond allocation?

I count TIAA Traditional as a bond, and it makes up about 25% of my bond allocation. It’s a great investment. I’d like to add to it, but I can’t, now that I’m retired. And I’m sorry that I’ll have to start taking required minimum distributions from it next year. I’d like to hold TIAA Traditional for...
by John151
Tue Apr 12, 2016 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: what's your Withdrawal Rate for this and last year?
Replies: 79
Views: 6476

Re: Retirees: what's your Withdrawal Rate for this and last year?

Let’s say that I take a required minimum distribution of $25,000 by selling shares in my IRA. Let’s say that I pay $7,500 in federal and state income taxes on that amount, and that I reinvest the remainder in a taxable account. What is the size of my withdrawal? Is it the full $25,000? Or is it $25,...
by John151
Tue Apr 12, 2016 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: what's your Withdrawal Rate for this and last year?
Replies: 79
Views: 6476

Re: Retirees: what's your Withdrawal Rate for this and last year?

Fortunately I have not had to withdraw from retirement savings. SS,Pension, a few dividends have been sufficient. Wouldn't spending dividends be the same as a withdrawal? I think it’s a matter of definition. To me, a withdrawal would involve selling shares. I wouldn’t count spending the income from...
by John151
Tue Apr 12, 2016 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Retirees: what's your Withdrawal Rate for this and last year?
Replies: 79
Views: 6476

Re: Retirees: what's your Withdrawal Rate for this and last year?

Toons wrote:Fortunately I have not had to withdraw from retirement savings.
SS,Pension, a few dividends have been sufficient.

+1
by John151
Sun Apr 10, 2016 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: Savings Bonds
Replies: 3
Views: 573

Re: Savings Bonds

Do you want to increase your stock allocation? If so, cash in the bonds and invest the proceeds in a stock index fund, such as Vanguard Total Stock Market. If not, invest the proceeds in a tax-exempt bond fund, such as Vanguard Limited-Term Tax-Exempt. Or you could invest in both.
by John151
Sat Apr 02, 2016 1:44 pm
Forum: Investing - Theory, News & General
Topic: Who needs Money Market accounts any more?
Replies: 55
Views: 6112

Re: Who needs Money Market accounts any more?

I can’t imagine doing without the money market fund I have at Vanguard. Dividends from my other Vanguard funds are paid into it. I keep about two percent of my assets in it as an emergency reserve. I can write checks on it whenever I need to. And it’s paying slightly more (0.42%) than my local check...
by John151
Tue Mar 29, 2016 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: What is your current Cash to Investment ratio?
Replies: 112
Views: 5739

Re: What is your current Cash to Investment ratio?

I’m sixty-eight and have about two percent of my savings in cash (a checking account and a money market fund). As I enter my seventies, I plan to gradually increase cash to 5%. It doesn’t bother me that cash pays so little. I just like knowing the money is there if I need it.
by John151
Tue Mar 08, 2016 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Turbo Tax - Deluxe or Premier?
Replies: 20
Views: 1328

Re: Turbo Tax - Deluxe or Premier?

I’ve gotten tired of TurboTax’s opaque pricing, so this year I calculated my federal and state taxes using the online versions of both TurboTax and TaxAct. The results were exactly the same, but the prices were very different: $71.98 for TurboTax, and $14.98 for TaxAct. I went with TaxAct.
by John151
Thu Mar 03, 2016 4:54 pm
Forum: Investing - Help with Personal Investments
Topic: Do You Give Your Friends Investment Advice?
Replies: 58
Views: 4142

Do You Give Your Friends Investment Advice?

I would never give a friend investment advice unless he asks me to, and I’m hesitant about giving advice even then. If a friend followed my advice with poor results, I’d feel partly responsible, and I might end up losing his friendship as well. So when friends ask for advice on their investments, I ...
by John151
Sat Feb 20, 2016 2:50 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Prime Money Market (Settlement fund) - quick question
Replies: 10
Views: 1639

Re: Vanguard Prime Money Market (Settlement fund) - quick question

I have dividends from my Vanguard stock and bond mutual funds deposited into my Prime Money Market Fund. Proceeds from the sale of Vanguard funds go into the fund as well. I also use it as a cash reserve, either to purchase shares in other Vanguard funds, or to be used in case of emergencies. Curren...
by John151
Thu Feb 18, 2016 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: TaxAct 2015
Replies: 52
Views: 5784

Re: TaxAct 2015

I used TurboTax as discounted by Vanguard for many years, and then switched to TaxAct when Vanguard dropped its discounts. I was able to complete and efile my federal and state returns in an hour or two, without any problems or glitches. My federal return was accepted within minutes, and my state re...
by John151
Wed Feb 03, 2016 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: What age did you retire
Replies: 84
Views: 6876

Re: What age did you retire

I qualified for early retirement at fifty-five and decided to go for it. I’ve never regretted my decision.
by John151
Sat Jan 30, 2016 2:53 pm
Forum: Investing - Theory, News & General
Topic: Who else is holding in cash? [For future investing]
Replies: 66
Views: 5077

Re: Who else is holding in cash?

I’m a conservative retiree pushing seventy, and my targets are 5% in cash, 65% in bonds, and 30% in stocks. Right now I have 2% in cash, 66% in bonds, and 32% in stocks. I’m slightly overweighted in bonds and stocks, so new money is going into cash. In my case, that means a money market fund. It doe...
by John151
Sat Jan 23, 2016 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: Do you use the service of a CPA or you do your tax yourself?
Replies: 88
Views: 6429

Re: Do you use the service of a CPA or you do your tax yourself?

My taxes are usually pretty simple: Form 1040, Schedule B, and sometimes Schedule D. I prepared my taxes by hand for about twenty-five years, and then switched to TurboTax in the late 1990’s. As a Vanguard investor, I was able to use TurboTax for free until this year, when Vanguard discontinued its ...
by John151
Fri Jan 22, 2016 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: TaxAct Plus vs TurboTax vs H&R Block for 2015
Replies: 117
Views: 9737

Re: TaxAct Plus vs TurboTax vs H&R Block for 2015

I calculated my federal and state income taxes for 2015 using both TurboTax and TaxAct. The results were exactly the same, but the prices were very different: $71.98 for TurboTax, and $14.98 for TaxAct. I’m going with TaxAct.
by John151
Wed Jan 20, 2016 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: TaxAct Plus Federal + State - $15!!
Replies: 32
Views: 3515

Re: TaxAct Plus Federal + State - $15!!

Many thanks for posting this link! TaxAct was able to import some of the personal information from my TurboTax return for 2014. I had to enter my investment income manually, but my investment income was fairly simple this time, and I found TaxAct to be easier to navigate than TurboTax. I think I’ll ...
by John151
Sat Jan 09, 2016 10:12 pm
Forum: Investing - Help with Personal Investments
Topic: Should I Switch to Vanguard Federal Money Market?
Replies: 4
Views: 993

Should I Switch to Vanguard Federal Money Market?

I’ve read that later this year Vanguard investors with brokerage accounts will have to switch from Prime Money Market to Federal Money Market as their settlement account. I invest in a number of Vanguard funds, but I don’t have a brokerage account with Vanguard, and I don’t plan to move my Vanguard ...
by John151
Wed Jan 06, 2016 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard TurboTax - Not Available 2015?
Replies: 327
Views: 38566

Re: TurboTax

I am using the Basic version of TurboTax. It has the same functionality (in terms of forms produced) that the higher versions have. It may not have the same "wizards" or "hand-holding" but it will produce the exact same forms. Will it e-file the forms as well, or would you have ...
by John151
Wed Dec 02, 2015 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard TurboTax - Not Available 2015?
Replies: 327
Views: 38566

Re: Vanguard TurboTax - Not Available 2015?

I’m still curious as to why Vanguard pulled the plug on TurboTax. With all the bad press that Intuit gets with TurboTax marketing and misinformation, why would Vanguard even want to be remotely associated with Intuit? What if Vanguard increased the cost of all Vanguard Admiral funds a little bit fo...
by John151
Wed Dec 02, 2015 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard TurboTax - Not Available 2015?
Replies: 327
Views: 38566

Re: Vanguard TurboTax - Not Available 2015?

I’m still curious as to why Vanguard pulled the plug on TurboTax. Did Vanguard fear legal liability if a Vanguard client who used Vanguard’s discounts to purchase TurboTax later decided for some reason to sue TurboTax?
by John151
Tue Dec 01, 2015 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard TurboTax - Not Available 2015?
Replies: 327
Views: 38566

Re: Vanguard TurboTax - Not Available 2015?

Here’s what Vanguard says about TurboTax. This is from an email sent to Flagship clients today. "Update for TurboTax users Vanguard will continue to offer access to TurboTax® products to clients on our website, but we're discontinuing our discounted and complimentary offerings beginning with th...
by John151
Tue Dec 01, 2015 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard TurboTax - Not Available 2015?
Replies: 327
Views: 38566

Re: Vanguard TurboTax - Not Available 2015?

Many of TurboTax’s customers were angry about TurboTax’s a la carte pricing last year. Perhaps Vanguard’s clients complained to Vanguard about it, and perhaps Vanguard decided to pull the plug for that reason.
by John151
Tue Dec 01, 2015 12:07 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard TurboTax - Not Available 2015?
Replies: 327
Views: 38566

Re: Vanguard TurboTax - Not Available 2015?

Vanguard usually posts its TurboTax discounts in mid-December, so I wouldn’t expect to see any discounts posted before then.
by John151
Thu Sep 17, 2015 12:10 pm
Forum: Investing - Help with Personal Investments
Topic: Online Banks and Tax-Exempt Bond Funds
Replies: 3
Views: 434

Online Banks and Tax-Exempt Bond Funds

Is there any advantage in investing in an online bank savings account or CD if you’re in the 28% bracket or above? Would you do just as well, or better, in a short-term tax-exempt bond fund?
by John151
Fri Aug 28, 2015 7:48 pm
Forum: Investing - Help with Personal Investments
Topic: If stocks dropped 30% next Monday, would you rebalance?
Replies: 103
Views: 7212

Re: If stocks dropped 30% next Monday, would you rebalance?

I rebalanced during the two previous bear markets, but I probably won’t do it again. I’m older now, I'm retired, and I have enough in bonds to see me through to the end of my days. I don’t need to put additional money at risk in stocks.
by John151
Fri Aug 28, 2015 1:43 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Prime Money Market
Replies: 28
Views: 4839

Re: Vanguard Prime Money Market

Vanguard’s Prime Money Market Fund, formerly paying only 0.01%, is now paying a whopping 0.05%. Is it just me, or is cash getting kind of frothy?
by John151
Mon Aug 24, 2015 2:19 pm
Forum: Investing - Theory, News & General
Topic: The Bogleheads' Silent Majority
Replies: 255
Views: 36245

Re: The Bogleheads' Silent Majority

Miss Market is having a bad hair day, or so I heard.


Miss Market is a drama queen. Ignore her.
by John151
Wed Aug 12, 2015 1:17 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Prime Money Market
Replies: 28
Views: 4839

Re: Vanguard Prime Money Market

We're on a roll!
by John151
Tue Jun 02, 2015 4:29 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Prime Money Market
Replies: 28
Views: 4839

Vanguard Prime Money Market

The SEC yield on Vanguard's Prime Money Market Fund has risen from 0.01% to 0.02%. I'm trying to decide what to do with the extra income!
by John151
Fri May 01, 2015 4:05 pm
Forum: Investing - Theory, News & General
Topic: What do you consider "cash"
Replies: 32
Views: 3158

Re: What do you consider "cash"

Maximum liquidity. If I have to sell something, it is not cash. What do you think happens when you "cash" a check. Hint, they don't go to your box and take out your money. you exchange a bank obligation for currency. When you write a check, or cash a check, I'd say that you're withdrawing...
by John151
Fri May 01, 2015 2:54 pm
Forum: Investing - Theory, News & General
Topic: What do you consider "cash"
Replies: 32
Views: 3158

Re: What do you consider "cash"

To me, an asset that you have to "cash in" before you can spend it isn't "cash." But I don't see any harm in thinking of CDs as cash, as long as your bank will let you withdraw your money on short notice, and with only a modest penalty for early withdrawal.
by John151
Mon Apr 27, 2015 9:01 pm
Forum: Investing - Theory, News & General
Topic: Who's holding cash?
Replies: 86
Views: 7963

Re: Who's holding cash?

Different people have different definitions of "cash." For me, "cash" means a checking account, a savings account, or a money market fund. Some people count bank CD's and I Bonds as cash, but to me they seem more like bonds. I currently have only about one percent of my investmen...
by John151
Mon Mar 30, 2015 8:30 pm
Forum: Investing - Theory, News & General
Topic: Did you learn anything from 2008?
Replies: 105
Views: 10783

Re: Did you learn anything from 2008?

I learned that I could stomach a stock market meltdown, and I learned that I could handle buying stocks even as they plunged. I also learned that I don't want to do that again.
by John151
Sat Mar 21, 2015 4:30 pm
Forum: Investing - Help with Personal Investments
Topic: Rising Interest Rates and Vanguard's Prime Money Market
Replies: 3
Views: 811

Rising Interest Rates and Vanguard's Prime Money Market

How far would short-term interest rates have to rise before Vanguard's Prime Money Market starts paying a dividend of one percent? Would a one percent rise in short-term rates get us there? Or would interest rates have to go higher than that?
by John151
Wed Mar 11, 2015 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: I hate the new Vanguard Web navigation!!!
Replies: 47
Views: 5691

Re: I hate the new Vanguard Web navigation!!!

GoldenFinch wrote:
John151 wrote:I'm still having problems with the disappearing drop-down menus. Is anyone else? It's making it devilishly difficult to navigate the website.


Yes, this happened to me before and continues. I thought maybe it was because I use an iPad?


I'm using an iMac running Mac OS 10.7.5 and Firefox 36.0.1.
by John151
Wed Mar 11, 2015 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: I hate the new Vanguard Web navigation!!!
Replies: 47
Views: 5691

Re: I hate the new Vanguard Web navigation!!!

I'm still having problems with the disappearing drop-down menus. Is anyone else? It's making it devilishly difficult to navigate the website.
by John151
Sun Mar 08, 2015 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: I hate the new Vanguard Web navigation!!!
Replies: 47
Views: 5691

Re: I hate the new Vanguard Web navigation!!!

You may be right about Vanguard's paternalism, Angst. Vanguard's new website makes little sense otherwise. It was so much easier when they provided links up front, and when the Watch List was at the bottom of the home page.
by John151
Sun Mar 08, 2015 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: I hate the new Vanguard Web navigation!!!
Replies: 47
Views: 5691

Re: I hate the new Vanguard Web navigation!!!

I've found a workaround: I've made separate bookmarks for Vanguard's home page, Vanguard's list of funds, my Watch List, and my account balances. This works, but it really shouldn't be necessary.

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