Search found 6919 matches

by Kevin M
Mon May 02, 2016 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: Well Done Ally Bank - CD purchase
Replies: 54
Views: 8435

Re: Well Done Ally Bank - CD purchase

I was looking at Barclay's with their current 2.05% 5-year CD. Any thoughts? Also curious about Barclays. We're there in a savings and not sure we should be there. Anyone have experience with their on-line savings account or CD's, or how they stand up to Ally? Barclays is fine for what they offer. ...
by Kevin M
Sun May 01, 2016 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 New Money Market Account, 1% on over 10k
Replies: 80
Views: 9796

Re: Capital One 360 New Money Market Account, 1% on over 10k

I opened this MM with Capital One. But I dont see any option to add a beneficiary. It gives some options about Living Trust, but I dont want to pay attorney fees to set it up just so I can add a beneficiary where other banks let you do that directly. Anyone here know a workaround for it? Thanks! Pr...
by Kevin M
Fri Apr 29, 2016 2:17 am
Forum: Personal Finance (Not Investing)
Topic: 29 yo and married: Do I need a will and/or trust?
Replies: 10
Views: 897

Re: 29 yo and married: Do I need a will and/or trust?

I think you should get the Nolo Press book on creating your own living trust and read it. It will give you a solid foundation to more forward in your decision making. I have learned a lot from that book (and others), and have actually used the templates to create living trusts for family members. It...
by Kevin M
Fri Apr 29, 2016 1:48 am
Forum: Personal Finance (Not Investing)
Topic: Inherited property and family issues
Replies: 39
Views: 3095

Re: Inherited property and family issues

Agree that inherited property should be sold ASAP unless beneficiary co-owners are like-minded, business oriented, individuals who agree that it's in their best interest to retain the property as co-owners. My three brothers and I inherited my dad's condo. One of the brothers had an emotional attach...
by Kevin M
Wed Apr 20, 2016 9:04 pm
Forum: Investing - Help with Personal Investments
Topic: Don't Include 529s in Portfolio, Correct?
Replies: 14
Views: 1246

Re: Don't Include 529s in Portfolio, Correct?

Can't imagine how you could stay the course during downturns if you lump college savings in with retirement funds. Different timeframes and goals. It depends on your situation and how much you understand the fungibility of your investments. I'm already retired, and with last child just having gradu...
by Kevin M
Wed Apr 20, 2016 5:06 pm
Forum: Investing - Help with Personal Investments
Topic: Don't Include 529s in Portfolio, Correct?
Replies: 14
Views: 1246

Re: Don't Include 529s in Portfolio, Correct?

Yes, I do. Money is fungible, and I have access to a good stable value fund in a 529, so this just counts as part of my fixed income allocation. College expenses are funded out of taxable accounts so far. I may just keep 529 and change beneficiary to granddaughter.

Kevin
by Kevin M
Mon Apr 18, 2016 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: [Tax filing mistakes made by your CPA (or yourself)]
Replies: 69
Views: 4075

Re: [Tax filing mistakes made by your CPA (or yourself)]

My problem is that I paid those options the prior year. It's a big-ish problem because this has gone on for a number of years but now I need to re-file my prior year taxes because I'd be taxed twice say in 2014 when I sold them and 2015 when they expire. And the problem is I can only go back 2 year...
by Kevin M
Sun Apr 17, 2016 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: [Tax filing mistakes made by your CPA (or yourself)]
Replies: 69
Views: 4075

Re: [Tax filing mistakes made by your CPA (or yourself)]

Kevin M, I believe what happened in our exchange was a problem with reading tone on a message board. The "Google" tax pros I'm referring to are those who argue over every item, causing you to spend hours and hours explaining and then are upset with fees. Did not mean it to be derogatory t...
by Kevin M
Sat Apr 16, 2016 11:30 am
Forum: Personal Finance (Not Investing)
Topic: [Tax filing mistakes made by your CPA (or yourself)]
Replies: 69
Views: 4075

Re: [Tax filing mistakes made by your CPA (or yourself)]

I can't comment on the situation for your friend that you are asking about because I don't know the facts of the situation <snip> I presented what I think are the relevant facts. I truly was hoping for some more substantial feedback on the actual facts I presented and my understanding of the applic...
by Kevin M
Fri Apr 15, 2016 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: [Tax filing mistakes made by your CPA (or yourself)]
Replies: 69
Views: 4075

Re: [Tax filing mistakes made by your CPA (or yourself)]

Here are some mistakes made by the CPA of the trustee of a trust of which a good friend of mine is the beneficiary. These are mistakes on the pro-forma 8949s and Schedule D she provided as guidance in filling out his tax return, and on the K-1 issued as a result of the 1041 she prepared. This all is...
by Kevin M
Fri Apr 15, 2016 6:23 pm
Forum: Investing - Theory, News & General
Topic: Where to park $$$ while DCA/VCA
Replies: 31
Views: 1090

Re: Where to park $$$ while DCA/VCA

Kevin, thank you for your balanced thoughts. After much deliberation, I've decided to full invest now (also in keeping with Toons' short but sweet advice) with the option to overbalance with the next correction. Great! This is a much better idea than holding the money out of the market. Good luck! ...
by Kevin M
Fri Apr 15, 2016 3:37 pm
Forum: Investing - Theory, News & General
Topic: Where to park $$$ while DCA/VCA
Replies: 31
Views: 1090

Re: Where to park $$$ while DCA/VCA

Long-story made short: they get the slightest nausea with the next bear market because of their disinterest. I've chosen a ~50-50 breakdown for them, tilting it on the more aggressive end for their age given their investments, income, and savings outside of their IRA's. It's simple and split about ...
by Kevin M
Fri Apr 15, 2016 1:42 pm
Forum: Investing - Theory, News & General
Topic: Where to park $$$ while DCA/VCA
Replies: 31
Views: 1090

Re: Where to park $$$ while DCA/VCA

DCA/VCA is a reasonable thing to consider when investing a lump of cash that you have just received out of nowhere. In my opinion, it is not a reasonable approach to consider for money that has just come out of the market. Although I agree in general, I'll continue to mildly champion the other side...
by Kevin M
Fri Apr 15, 2016 12:55 pm
Forum: Investing - Theory, News & General
Topic: Where to park $$$ while DCA/VCA
Replies: 31
Views: 1090

Re: Where to park $$$ while DCA/VCA

EDIT: Some clarifying posts were added while I was writing this. I'll let it stand as is, but keep in mind that it was written without the fuller context. What attracts me to DCA/VCA is that it provides some hedge against 2016 being the next 2008 (or 2000, etc.). Becoming 100% vested at the market t...
by Kevin M
Fri Apr 15, 2016 12:17 pm
Forum: Investing - Help with Personal Investments
Topic: Count TIAA Traditional towards the bond allocation?
Replies: 17
Views: 949

Re: Count TIAA Traditional towards the bond allocation?

It's much more effective to think in terms of relatively risky assets and relatively safe assets for the top level asset allocation. Unless you own real estate or other risky assets, this basically translates into stocks and fixed income, so think "fixed income" instead of "bonds"...
by Kevin M
Thu Apr 14, 2016 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Filed my Form 4868 this week (extension to file tax return)
Replies: 31
Views: 1109

Re: Filed my Form 4868 this week (extension to file tax return)

A parent who is using tax software to help an adult child complete a tax return may find the deadline comes too soon. <snip> Returns mailed to him on April 1 should have arrived on April 4, but probably didn't fit in his apartment mailbox; so they were returned to me on April 12, too late to count ...
by Kevin M
Thu Apr 14, 2016 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Filed my Form 4868 this week (extension to file tax return)
Replies: 31
Views: 1109

Re: Filed my Form 4868 this week (extension to file tax return)

I help a friend with his taxes, and this year I had him file federal and state extensions, along with payments of the fairly large anticipated tax bills. There was a large mistake on a K-1 he received for a distribution from his deceased dad's trust related to the sale of the dad's home, and the tru...
by Kevin M
Mon Apr 11, 2016 5:59 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard California LT Muni Bond VCITX
Replies: 6
Views: 349

Re: Vanguard California LT Muni Bond VCITX

I own some of this fund and the CA Intermediate-Term fund, but only to maintain a little exposure to term risk and the unique credit risk associated with munis (different than corporate credit risk). The bulk of my fixed income (70%) is in CDs purchased directly from banks and credit unions, as thes...
by Kevin M
Sun Apr 10, 2016 2:36 pm
Forum: Investing - Help with Personal Investments
Topic: Long term cd vs bonds?
Replies: 10
Views: 781

Re: Long term cd vs bonds?

But interest rates could go higher or lower, and bond funds are meant to mitigate changing interest rate conditions, and that is why they always should be a significant part of your asset allocation. I disagree. The primary purpose of fixed income is to provide safety, hopefully with some real retu...
by Kevin M
Sun Apr 10, 2016 2:16 pm
Forum: Investing - Help with Personal Investments
Topic: Long term cd vs bonds?
Replies: 10
Views: 781

Re: Long term cd vs bonds?

This is an excellent CD. Yield way above the competition, and an early withdrawal penalty of only six months of interest. I recently bought a similarly good CD (84 month, 3%, EWP=180 days interest), but it was (and still is) available only as an IRA CD. I offered a proof of why even a 5-year CD at 2...
by Kevin M
Sun Apr 10, 2016 12:48 pm
Forum: Investing - Help with Personal Investments
Topic: Creating sub-accounts in vanguard
Replies: 13
Views: 2462

Re: Creating sub-accounts in vanguard

Creating separate accounts and using a spreadsheet to track them is a simple solution to the problem--as long as you're comfortable with spreadsheets. Just use one column in the sheet to identify the purpose of the account, with the other columns used for account number, fund name, ticker, shares, p...
by Kevin M
Sun Apr 10, 2016 12:07 pm
Forum: Investing - Help with Personal Investments
Topic: Improve bond holdings?
Replies: 43
Views: 2891

Re: Improve bond holdings?

I've been working all week on Andrews FCU. Luckily I had pdf's of drivers license, etc.. Took all week to get the basic account opened. <snip> Online banking sure takes some hours of work. This is a perfect example of what I mentioned above. Different people have different experiences with opening ...
by Kevin M
Sat Apr 09, 2016 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Mango prepaid card - 4.8% (effective) APY
Replies: 470
Views: 270019

Re: Mango prepaid card - 4.8% (effective) APY

I've just started this after reading another thread. After so many accounts, I think Ally limits ACH transfers to 6 per month. With folks who have many accounts, do you use a different bank for ACH push/pulls? As others have mentioned, use a checking account. I use Ally as my hub bank, since it's g...
by Kevin M
Sat Apr 09, 2016 1:22 pm
Forum: Investing - Help with Personal Investments
Topic: Improve bond holdings?
Replies: 43
Views: 2891

Re: Improve bond holdings?

I hadn't thought about doing a direct transfer. The liquidity of my IRA investments is not a major concern (I don't plan on touching them until RMDs), but a put option obviously has value if rates increase. Yes, it's a bit of a mindset change, but once you do one, you may find that doing IRA transf...
by Kevin M
Fri Apr 08, 2016 8:40 pm
Forum: Investing - Help with Personal Investments
Topic: Improve bond holdings?
Replies: 43
Views: 2891

Re: Improve bond holdings?

As Taylor Larimore has so often taught us: "Stocks let us eat well. Bonds let us sleep well." If your portfolio is large enough, you don't need stocks to eat well. And holding some bonds doesn't seem to help a lot of people when their stocks tank. Little sayings like this don't really hel...
by Kevin M
Fri Apr 08, 2016 8:06 pm
Forum: Investing - Help with Personal Investments
Topic: Improve bond holdings?
Replies: 43
Views: 2891

Re: Improve bond holdings?

It makes sense to argue that a CD is better than a treasury of the same term due to credit risk (same for both), term risk (advantage to CD given possibility of early withdrawal) and substantially higher yield. Treasuries have advantages for some investors (a highly liquid market, possibility of sa...
by Kevin M
Thu Apr 07, 2016 3:23 pm
Forum: Investing - Help with Personal Investments
Topic: Improve bond holdings?
Replies: 43
Views: 2891

Re: Improve bond holdings?

If you believe bond markets are efficient, it is easy to prove that a good 5-year CD provides a higher risk-adjusted yield than any of your bond funds (or my bond funds).... Mechanically, how are you buying CDs in taxable and tax deferred? Direct, Vanguard brokered, something else? BTW, how do you ...
by Kevin M
Thu Apr 07, 2016 3:04 pm
Forum: Investing - Theory, News & General
Topic: guaranteed 5% vs stocks?
Replies: 113
Views: 13208

Re: guaranteed 5% vs stocks?

Use it for fixed income instead of bonds. With 5% on fixed income, I think 80/20 stock/fixed is fine, but depends on your guesstimate for expected return on stocks. It is safe and not a scam. There's a long thread on these types of accounts. This thread is devolving away from the original topic of ...
by Kevin M
Wed Apr 06, 2016 4:37 pm
Forum: Investing - Help with Personal Investments
Topic: Improve bond holdings?
Replies: 43
Views: 2891

Re: Improve bond holdings?

If you believe bond markets are efficient, it is easy to prove that a good 5-year CD provides a higher risk-adjusted yield than any of your bond funds (or my bond funds). You can easily find a 5-year CD with a yield (APY) of 2%: 5 Year CD Rates . Yield on the 5-year Treasury is 1.20%: Daily Treasury...
by Kevin M
Wed Apr 06, 2016 2:13 pm
Forum: Investing - Theory, News & General
Topic: guaranteed 5% vs stocks?
Replies: 113
Views: 13208

Re: guaranteed 5% vs stocks?

Use it for fixed income instead of bonds. With 5% on fixed income, I think 80/20 stock/fixed is fine, but depends on your guesstimate for expected return on stocks.

It is safe and not a scam. There's a long thread on these types of accounts.
by Kevin M
Wed Apr 06, 2016 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: 1099-R for recharacterization
Replies: 1
Views: 114

Re: 1099-R for recharacterization

Enter all 2015 1099-R for 2015 return. Tax software should guide you, and handle it correctly, but check to be sure no tax paid on recharacterization.
by Kevin M
Tue Apr 05, 2016 5:47 pm
Forum: Personal Consumer Issues
Topic: Tesla Model 3 anyone?
Replies: 279
Views: 17869

Re: Tesla Model 3 anyone?

With respect the the profitability discussion, this might be of interest. Here is The Secret Tesla Motors Master Plan (just between you and me) that Elon shared in his August 2006 blog post: So, in short, the master plan is: Build sports car Use that money to build an affordable car Use that money t...
by Kevin M
Tue Apr 05, 2016 5:29 pm
Forum: Personal Consumer Issues
Topic: Tesla Model 3 anyone?
Replies: 279
Views: 17869

Re: Tesla Model 3 anyone?

With fast changing technologies, it's usually better to defer upgrading? Because you suffer from a degree of obsolescence every time you make a purchase, so better to have a more obsolete car for a few more years, and then be back at bleeding edge? As with any fast moving hardware technology, you'r...
by Kevin M
Mon Apr 04, 2016 7:10 pm
Forum: Personal Consumer Issues
Topic: Tesla Model 3 anyone?
Replies: 279
Views: 17869

Re: Tesla Model 3 anyone?

All I'm asking is for Tesla believers to understand that it doesn't fit everyone yet. Absolutely. Like I said, I wouldn't want one of my kids to buy one, but just because of the cost; other than that, I think an EV with a rated range of 240 miles would work fine for them. But there certainly are ot...
by Kevin M
Mon Apr 04, 2016 4:46 pm
Forum: Personal Consumer Issues
Topic: Tesla Model 3 anyone?
Replies: 279
Views: 17869

Re: Tesla Model 3 anyone?

So far it looks like we have a car that took "months and months to even get parts" after a fender bender <snip> It's true that some Tesla owners have had this experience, but from posts on one of the Tesla forums, others have had repairs like this done quite quickly. It's also often point...
by Kevin M
Sat Apr 02, 2016 9:05 pm
Forum: Personal Consumer Issues
Topic: Tesla Model 3 anyone?
Replies: 279
Views: 17869

Re: Tesla Model 3 anyone?

My fiancee came up with a reason to buy a Model 3 today (we already have a Model S, in case you haven't been following along): we wouldn't have to worry so much about parking a $100K car places where it won't get dinged, and getting in fender benders that could put the car in the shop for who knows ...
by Kevin M
Fri Apr 01, 2016 8:15 pm
Forum: Personal Consumer Issues
Topic: Tesla Model 3 anyone?
Replies: 279
Views: 17869

Re: Tesla Model 3 anyone?

@Kevin M, in addition to the range reducers you mentioned, for those of us not lucky enough to be living in California, cold temperatures will affect range also. Yeah, forgot to mention that one, since it hasn't affected me much yet. Most driving at 50 degrees F or higher. Of course if I were to he...
by Kevin M
Fri Apr 01, 2016 3:26 pm
Forum: Personal Consumer Issues
Topic: Tesla Model 3 anyone?
Replies: 279
Views: 17869

Re: Tesla Model 3 anyone?

Road trips are a joy in the Model S. Recently did a 5-day, leisurely round trip from SF Bay Area to Valencia (southern California) and back. Preferred not to drive I-5, so went down Hwy 101, and back between Cambria and Seaside along the Big Sur coastline on Hwy 1. Beautiful, and so much fun in the ...
by Kevin M
Tue Mar 29, 2016 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: What is your current Cash to Investment ratio?
Replies: 112
Views: 5715

Re: What is your current Cash to Investment ratio?

OK, I'll bite. According to some of the definitions of "cash" apparently being used here, I have about 50% of my portfolio in cash. But most of my "cash" has a higher risk-adjusted return than any of your bonds (and my bonds). Nisiprius stated more eloquently what I have been try...
by Kevin M
Tue Mar 29, 2016 10:50 am
Forum: Investing - Theory, News & General
Topic: Simplified account structure for Vanguard clients?
Replies: 14
Views: 2012

Re: Simplified account structure for Vanguard clients?

Old news, siamond--lots of discussion about this. Although my own accounts aren't yet eligible for upgrade, I have upgraded a number of family member accounts, and it was very easily done in a few minutes online with no glitches. In one thread I went through quite a bit of detail about how the upgra...
by Kevin M
Tue Mar 29, 2016 10:41 am
Forum: Investing - Help with Personal Investments
Topic: Why I'm Bailing from my Bond Fund
Replies: 25
Views: 3288

Re: Why I'm Bailing from my Bond Fund

nisiprius wrote:<snip> after re-reading john94549's initial post, I don't understand why john94549 is bailing from his bond fund. I don't actually see a reason.

You must have missed my reply:
Kevin M wrote:You didn't say why.

It was the second reply. Still waiting for a reply to that.

Kevin
by Kevin M
Tue Mar 29, 2016 10:35 am
Forum: Personal Finance (Not Investing)
Topic: What is your current Cash to Investment ratio?
Replies: 112
Views: 5715

Re: What is your current Cash to Investment ratio?

Is a bond with 3 year maturity cash? I guess it can be whatever you want it to be. I would not consider it to be cash but on the other hand I have some EE savings bonds that I consider to be cash. That is because I can relatively easily convert them to cash at a known value. OK, so your definition ...
by Kevin M
Tue Mar 29, 2016 1:39 am
Forum: Personal Finance (Not Investing)
Topic: What is your current Cash to Investment ratio?
Replies: 112
Views: 5715

Re: What is your current Cash to Investment ratio?

Is a bond with 3 year maturity cash?
by Kevin M
Tue Mar 29, 2016 1:24 am
Forum: Investing - Help with Personal Investments
Topic: Why I'm Bailing from my Bond Fund
Replies: 25
Views: 3288

Re: Why I'm Bailing from my Bond Fund

You didn't say why.
by Kevin M
Mon Mar 28, 2016 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: CD Rates dropping?
Replies: 24
Views: 2415

Re: CD Rates dropping?

So I think we can say that the rate or yield of every fixed-income security with a maturity of five years can be described in terms of the 5-year Treasury rate plus the applicable spread, whether or not the particular security is actually pegged to the 5-year Treasury. For example, "credit spre...
by Kevin M
Mon Mar 28, 2016 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: CD Rates dropping?
Replies: 24
Views: 2415

Re: CD Rates dropping?

How do you become a member at Patelco? Per their website you need to live, work, or worship in a northern Calif. city or have a family member or roommate that is already a member. I believe there are lots of organizations that also qualify you, but best to just call them and ask. I have had a repor...
by Kevin M
Mon Mar 28, 2016 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: CD Rates dropping?
Replies: 24
Views: 2415

Re: CD Rates dropping?

We can also compare the average national rate on 5-year CDs to the 5-year Treasury rate over last three years: https://research.stlouisfed.org/fred2/graph/fredgraph.png?g=3YnX Note how little the average CD rate varies compared to the Treasury rate. Of course the average CD rate is way lower than co...
by Kevin M
Mon Mar 28, 2016 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: CD Rates dropping?
Replies: 24
Views: 2415

Re: CD Rates dropping?

I'm curious as to what Bogleheads believe these falling interest rates portend. Disinflation, economic slow-down, downward pressure on US and International stock prices, strength in nominal bond prices, etc.? I don't really see "falling interest rates" when it comes to Treasuries. Here is...
by Kevin M
Mon Mar 28, 2016 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on Housing Prices Trajectory in the Bay Area?
Replies: 77
Views: 5933

Re: Thoughts on Housing Prices Trajectory in the Bay Area?

Here's an interesting tidbit for those who like to quibble about the details of an earthquake-related black swan event: Due to a widespread practice by insurers to indemnify San Francisco properties from fire, but not earthquake damage, most of the destruction in the city was blamed on the fires. So...

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