Search found 232 matches

by OakPhilliesFan
Tue May 02, 2017 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Most "technologically savvy" bank?
Replies: 32
Views: 3466

Re: Most "technologically savvy" bank?

whodidntante wrote:demonstrating their competence with a long track record of zero security breeches


Where does one get a pair of those?
by OakPhilliesFan
Sun Apr 30, 2017 5:38 am
Forum: Personal Finance (Not Investing)
Topic: Where did you buy your Long Term Disability Insurance ?
Replies: 36
Views: 2622

Re: Where did you buy your Long Term Disability Insurance ?

Is there any other website or resource to shop for DI ? Is there a company like "Vanguard" of DI? To my knowledge, the top-tier carriers are Guardian, Principal, Standard, and Ameritas. Guardian is considered the best if you can get it. I don't know of any general way to rank the others. ...
by OakPhilliesFan
Fri Feb 17, 2017 4:59 pm
Forum: Investing - Help with Personal Investments
Topic: RMD timing question (turning 70.5 and still working)
Replies: 11
Views: 738

Re: RMD timing question (turning 70.5 and still working)

Thanks to everyone for your replies so far. It's been extremely helpful. Does anyone know the answer to this: It's my understanding that if you are still working at age 70.5+, the retirement account at your current employer (401k/403b) is exempt from RMDs. I should have made clearer in the original ...
by OakPhilliesFan
Fri Feb 17, 2017 3:14 pm
Forum: Investing - Help with Personal Investments
Topic: RMD timing question (turning 70.5 and still working)
Replies: 11
Views: 738

Re: RMD timing question (turning 70.5 and still working)

2. RMDs are based on each account's balance as of a given date; playing a shell game among different accounts won't change the total balance of all accounts and thus won't change the total sum of RMDs. It's my understanding that if you are still working at age 70.5+, the retirement account at your ...
by OakPhilliesFan
Fri Feb 17, 2017 3:00 pm
Forum: Investing - Help with Personal Investments
Topic: RMD timing question (turning 70.5 and still working)
Replies: 11
Views: 738

Re: RMD timing question (turning 70.5 and still working)

Much depends on the size of the institution with the TIAA service and how much Traditional he has. The larger the institution, the better the plan's ER and likely choice of investments. To my knowledge, all of his contributions are traditional and in employer-sponsored plans. He works for a large p...
by OakPhilliesFan
Fri Feb 17, 2017 2:33 pm
Forum: Investing - Help with Personal Investments
Topic: RMD timing question (turning 70.5 and still working)
Replies: 11
Views: 738

RMD timing question (turning 70.5 and still working)

My father turned 70 a few days ago, so 2017 is the year in which he turns 70.5. He has several retirement accounts totaling around $1M (could be more, but close enough for the purposes of this question). He is still working, has a good income (don't know exact number but must be 33% federal), and ha...
by OakPhilliesFan
Tue Jan 17, 2017 3:51 pm
Forum: Investing - Help with Personal Investments
Topic: improperly administered SIMPLE IRA: who is responsible?
Replies: 5
Views: 734

Re: improperly administered SIMPLE IRA: who is responsible?

Interesting, does the IRS even know what the IRS is doing? Annual Notice to Eligible Employees You must notify each employee before the beginning of the election period of: The employee’s opportunity to make or change a salary reduction choice under the SIMPLE IRA plan; The employees’ ability to se...
by OakPhilliesFan
Tue Jan 17, 2017 1:57 pm
Forum: Investing - Help with Personal Investments
Topic: improperly administered SIMPLE IRA: who is responsible?
Replies: 5
Views: 734

improperly administered SIMPLE IRA: who is responsible?

My employer has a SIMPLE IRA plan. According to the IRS , one requirement is as follows: Before the beginning of each annual election period, you must notify each employee of: 1. The employee’s opportunity to make or change a salary reduction choice under the SIMPLE IRA plan; 2. The employees’ abili...
by OakPhilliesFan
Tue Jan 17, 2017 12:56 am
Forum: Investing - Help with Personal Investments
Topic: My co-worker boasting about his investments. What do you think about his selections?
Replies: 57
Views: 5426

Re: My co-worker boasting about his investments. What do you think about his selections?

Almost all of these go ahead Boglehead wisdom. Bogleheads generally don't place bets on sectors (energy, financials, etc.) or try to time the market. The only common deviation from broad market indexes is via "factors" -- small/large cap, value/growth, etc. It's my understanding that the l...
by OakPhilliesFan
Fri Jan 13, 2017 11:13 pm
Forum: Personal Finance (Not Investing)
Topic: Saving on tax software
Replies: 15
Views: 2084

Re: Saving on tax software

Credit Karma is rolling out free tax prep software soon.
by OakPhilliesFan
Fri Jan 06, 2017 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: "Settlement" fund help.
Replies: 33
Views: 3074

Re: "Settlement" fund help.

Well this isn't going well but my "settlement" fund is shrinking even though I'm not making any trades. Maybe when it matches what is actually there Quicken will work. Why things are "settling" many days after a "trade" is beyond me. Vanguard could be robbing me blind ...
by OakPhilliesFan
Wed Jan 04, 2017 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: "Settlement" fund help.
Replies: 33
Views: 3074

Re: "Settlement" fund help.

I just recently purchased an ETF which required me to sell prime mm for the settlement fund in order to pay for the ETF. I did like it much better when the mm fund was the settlement fund. I don't understand what you mean. The money market fund is, and has always been, the settlement fund in Vangua...
by OakPhilliesFan
Tue Jan 03, 2017 11:43 pm
Forum: Personal Finance (Not Investing)
Topic: "Settlement" fund help.
Replies: 33
Views: 3074

Re: "Settlement" fund help.

I am confused: is it the Vanguard balance that keeps growing or the balance that Quicken shows for this Vanguard fund? The "settlement" fund total grows but then Vanguard subtracts what I bought. It looks something like this; it started with 10,000, then I buy a fund for 5,000 and it will...
by OakPhilliesFan
Tue Jan 03, 2017 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: "Settlement" fund help.
Replies: 33
Views: 3074

Re: "Settlement" fund help.

You will not be able to get the new "settlement" fund to go away. I don't want it to go away as it has money in it; the problem is it shows ten times what I have. It grows every time I make a trade even though the money was taken out. This must be machine friendly because it is not human ...
by OakPhilliesFan
Tue Jan 03, 2017 9:12 pm
Forum: Investing - Help with Personal Investments
Topic: SIMPLE IRA 5304 vs. 5305
Replies: 27
Views: 1973

Re: SIMPLE IRA 5304 vs. 5305

Ace77: I just wanted to confirm that Vanguard will let you set up a frozen SIMPLE IRA for receiving rollovers from your employer's custodian. I've been doing this myself for nearly the past 2 years. Vanguard charges a $25/year fee for the frozen SIMPLE IRA, but that's minor compared to the benefit. ...
by OakPhilliesFan
Mon Dec 19, 2016 8:02 pm
Forum: Investing - Help with Personal Investments
Topic: 401k layman terms please
Replies: 16
Views: 1308

Re: 401k layman terms please

Next year I'll be 50. My maximum will be 24,000. For the look of things I will have to do more than 8.5%. I like to use this calculator to try to figure out in basic terms how money might grow. Based on the numbers you've given, with a conservative 3% real rate of return (i.e. return after inflatio...
by OakPhilliesFan
Fri Dec 16, 2016 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: 401k layman terms please
Replies: 16
Views: 1308

Re: 401k layman terms please

I'm probably making a little more than 73k as you can see on the image below. That's an actual summary. If you've been with this company since 1995 and have a balance of $64k, that's only about $3k per year (64 / 21) of contributions/growth. Is this your entire retirement fund? No IRAs, pensions, a...
by OakPhilliesFan
Mon Nov 14, 2016 12:06 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3943
Views: 1036295

Re: U.S. stocks in freefall

Thanks for unlocking this! Best thread in the forums Yeah, it's really nice to have a long record of people's responses to potentially significant events, including the current one. I've experienced much bigger stock market events since I started investing, though not yet anything like 2008. But th...
by OakPhilliesFan
Wed Nov 09, 2016 7:07 am
Forum: Investing - Help with Personal Investments
Topic: Just remember...stay the course.
Replies: 45
Views: 6531

Re: Just remember...stay the course.

I am very, very freaked out right now. If the question is the stock market, S&P 500 futures are at about -2.5% right now (50 points). Probably mostly due to uncertainty about the future administration. Longer term effects are unknown and perhaps unknowable, but there isn't much to freak out abo...
by OakPhilliesFan
Wed Nov 09, 2016 4:47 am
Forum: Investing - Help with Personal Investments
Topic: Just remember...stay the course.
Replies: 45
Views: 6531

Re: Just remember...stay the course.

With this US election, this is merely one in an ongoing series. There is literally no way of knowing how things will play out. So you have to stay the course. It may well be that we will look back in a few years and see this as quite minor compared to some other major, earth shattering event somewh...
by OakPhilliesFan
Fri May 27, 2016 11:42 pm
Forum: Investing - Theory, News & General
Topic: Joshua Kennon: Investing in index funds for beginners
Replies: 18
Views: 2765

Re: Joshua Kennon: Investing in index funds for beginners

Again, equal weighting and some alternative weightings (though I'm not sure where you're going with fundamental weighting as that didn't seem to be mentioned?) has been discussed here a lot. I just found the wiki page on Alternative indices -- never ended up there before for some reason -- and it g...
by OakPhilliesFan
Fri May 27, 2016 11:02 pm
Forum: Investing - Theory, News & General
Topic: Joshua Kennon: Investing in index funds for beginners
Replies: 18
Views: 2765

Re: Joshua Kennon: Investing in index funds for beginners

What are you really asking about, anyway? There doesn't seem to be much insightful or new here. I wasn't able to fully grasp what he was saying in some parts, so I couldn't tell to what extent his comments were cogent, interesting, or reasonable. I guess I was just wondering what people's reactions...
by OakPhilliesFan
Fri May 27, 2016 10:19 pm
Forum: Investing - Theory, News & General
Topic: Joshua Kennon: Investing in index funds for beginners
Replies: 18
Views: 2765

Joshua Kennon: Investing in index funds for beginners

I thought this might be of interest: m I am not knowledgeable enough to respond on a point-by-point basis, but most of his arguments sound exaggerated and overblown to me. If I understand his criticism of the S&P 500 index correctly, he's simply arguing for fundamental equal weight indexing -- s...
by OakPhilliesFan
Sun May 22, 2016 4:15 pm
Forum: Investing - Theory, News & General
Topic: anyone else unable to make Vanguard's site remember which portal you chose?
Replies: 5
Views: 518

anyone else unable to make Vanguard's site remember which portal you chose?

Two years ago, when I first opened my Vanguard account, I went to vanguard.com and chose their website for personal investors. It asked me if I wanted to save that preference for future visits, and I said yes. From then on, whenever I went to vanguard.com, I would be taken directly to the personal i...
by OakPhilliesFan
Sat May 14, 2016 7:26 pm
Forum: Investing - Help with Personal Investments
Topic: Is now a bad time to transfer money to Vanguard???
Replies: 48
Views: 5748

Re: Is now a bad time to transfer money to Vanguard???

inbox788 wrote:10 minus 8 equals positive 2. Sounds about right to me.


1.10 * 0.92 = 1.012

So, a 10% gain followed by an 8% loss leaves you with a 1.2% overall gain.
by OakPhilliesFan
Sat May 14, 2016 3:20 pm
Forum: Investing - Help with Personal Investments
Topic: helping a couple near retirement catch up
Replies: 18
Views: 2350

Re: helping a couple near retirement catch up

I have to ask, why aren't they posting here? Not doing so may suggest they really aren't committed to learning or saving. I think they just feel overwhelmed by figuring this all out and could use some hand-holding in the beginning. They had never heard of index funds until a few days ago, so I don'...
by OakPhilliesFan
Sat May 14, 2016 3:12 pm
Forum: Investing - Help with Personal Investments
Topic: helping a couple near retirement catch up
Replies: 18
Views: 2350

Re: helping a couple near retirement catch up

I am assuming their health is average for their ages unless the OP says otherwise. He is in good health, as far as I know. She is too but she's pretty overweight so that could lead to problems in the future. Him: 71 years old, has one adult daughter, retired contractor, Social Security $19,000, als...
by OakPhilliesFan
Fri May 13, 2016 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab Voice ID - Anybody try it yet?
Replies: 6
Views: 1321

Re: Schwab Voice ID - Anybody try it yet?

They always ask me to sign up when I call. It sounds convenient but I guess I am skeptical that it's as secure as the usual way. My skepticism is based in ignorance rather than evidence. I simply haven't looked into how these systems work. Not saying Schwab doesn't know what it's doing, but it's alw...
by OakPhilliesFan
Fri May 13, 2016 10:44 pm
Forum: Investing - Help with Personal Investments
Topic: helping a couple near retirement catch up
Replies: 18
Views: 2350

Re: helping a couple near retirement catch up

I believe he should be able to contribute 6.5k to a spousal Roth IRA. Thank you for this suggestion -- I didn't realize this was an option! Would a SPIA be a reasonable solution to provide an income stream in retirement? Based on some quick quotes I just ran, it looks like they can get ~7% back per...
by OakPhilliesFan
Fri May 13, 2016 6:34 pm
Forum: Investing - Help with Personal Investments
Topic: helping a couple near retirement catch up
Replies: 18
Views: 2350

Re: helping a couple near retirement catch up

Their situation seems odd. Their expenses are really the key, something about their expenses has prevented much savings. Without a history of significant savings it really seems unlikely that they will "change their spots" at their ages, particularly since the wife earns a good income at ...
by OakPhilliesFan
Fri May 13, 2016 3:47 pm
Forum: Investing - Help with Personal Investments
Topic: helping a couple near retirement catch up
Replies: 18
Views: 2350

Re: helping a couple near retirement catch up

Yes, it's obviously true that they have historically spent too much. I don't really know what their current spending levels are or how willing and able they will be to cut them. Just as an example, they have two pets and I know they would never give them up and will probably replace them when one di...
by OakPhilliesFan
Fri May 13, 2016 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: helping a couple near retirement catch up
Replies: 18
Views: 2350

helping a couple near retirement catch up

An older couple recently asked me to help them figure out what their retirement options are. They have not been good retirement savers over the years and are now trying to catch up, to the extent possible. Here are the basics: Emergency funds: don't have an exact number but apparently they have a de...
by OakPhilliesFan
Fri May 13, 2016 12:38 pm
Forum: Investing - Help with Personal Investments
Topic: Is now a bad time to transfer money to Vanguard???
Replies: 48
Views: 5748

Re: Is now a bad time to transfer money to Vanguard???

In the accounts we're moving to Vanguard, we are moving them in-kind but these companies have them in cash right now. Should they not be? Our bad advisor had to get his hand in there and told us to do that to make the transfer easier. It was our understanding that Vanguard would be cashing them out...
by OakPhilliesFan
Wed May 11, 2016 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Mutual Funds OR ETFs?
Replies: 12
Views: 1427

Re: Mutual Funds OR ETFs?

I prefer index ETF's because they are WAY cheaper than index mutual funds. The only downside is you have to buy in whole share increments, instead of fractional shares that mutual funds allow. At Vanguard, investor shares (the highest expense ratio) are still generally 0.20% or lower. So sure, 0.12...
by OakPhilliesFan
Wed May 11, 2016 12:05 am
Forum: Personal Finance (Not Investing)
Topic: Mutual Funds OR ETFs?
Replies: 12
Views: 1427

Re: Mutual Funds OR ETFs?

Both are fine. They are just different ways of doing the same thing in most cases. See ETFs vs. mutual funds on the Wiki for more information. Mutual funds are simpler to manage and in my opinion should be the default choice unless you have a specific good reason to use ETFs.
by OakPhilliesFan
Tue May 10, 2016 11:17 am
Forum: Investing - Theory, News & General
Topic: liquid cash in retirement: keep 2-3 years of expenses?!
Replies: 17
Views: 3267

Re: liquid cash in retirement: keep 2-3 years of expenses?!

One thing I didn't get from the excerpt is the general portfolio these guys recommend. If it's 100% equities except this cash reserve it's a different matter than if the rest of the portfolio is a 50/50 stock/bond split (which in my mind makes the cash portion a bit redundant). Yeah, that's a very ...
by OakPhilliesFan
Mon May 09, 2016 5:30 pm
Forum: Investing - Theory, News & General
Topic: liquid cash in retirement: keep 2-3 years of expenses?!
Replies: 17
Views: 3267

liquid cash in retirement: keep 2-3 years of expenses?!

I'm 35, so I admit that I haven't thought too hard about managing cash flow in retirement. I'm aware of SWR, VPW, SPIAs, etc. But recently I saw a link to this Simply Money podcast . At around 11:00 the two hosts start discussing emergency funds. It's a fairly standard discussion until about 14:10: ...
by OakPhilliesFan
Mon May 09, 2016 1:31 am
Forum: Investing - Theory, News & General
Topic: NY Federal Reserve President Signals Higher US Interest Rates
Replies: 26
Views: 3177

Re: NY Federal Reserve President Signals Higher US Interest Rates

I've read that raising interest rates in the US while they are negative abroad could have unexpected consequences. Apparently it's never happened before. I am no expert on monetary policy, but I thought one reason to raise interest rates was to slow inflation. Inflation is not exactly high right now...
by OakPhilliesFan
Sat May 07, 2016 11:31 pm
Forum: Investing - Theory, News & General
Topic: Outrageous Index Funds
Replies: 12
Views: 2356

Re: Outrageous Index Funds

Sunny Sarkar wrote:In my first job, we had an ING administered 401k which sported a small cap index fund with an ER of 2.11%, and this is before the other fees charged by the 401k to the participants. :oops:


Maybe this is a good time to bring out my "madcap index fund" joke...
by OakPhilliesFan
Sat May 07, 2016 10:47 pm
Forum: Investing - Theory, News & General
Topic: Outrageous Index Funds
Replies: 12
Views: 2356

Re: Outrageous Index Funds

These are the kinds of fees that have been driving me nuts with my wife’s IRA account through her employer. We knew about the fees, but not much we could do in order to graciously accept the company match. Do you mean a SIMPLE IRA or a SEP IRA? Those are the only employer-sponsored IRAs I am aware ...
by OakPhilliesFan
Sat May 07, 2016 10:35 pm
Forum: Investing - Theory, News & General
Topic: a deep dive into IPOs and look at new paper
Replies: 2
Views: 364

Re: a deep dive into IPOs and look at new paper

It's just one data point, but I remember the hype surrounding the Alibaba IPO. It opened at 92.70 on September 19, 2014. It's now down to 79.20. I suppose someone just rearranged the digits. :D
by OakPhilliesFan
Sat May 07, 2016 8:48 pm
Forum: Investing - Help with Personal Investments
Topic: basic trust questions
Replies: 3
Views: 549

basic trust questions

A while back my father (69) mentioned that at some point he set up a trust for my sister (30) and me (35). I assume there is a separate trust for each of us. As far as I know, he paid someone to set up the trusts but is not paying anyone to manage the investments on an ongoing basis. I know nothing ...
by OakPhilliesFan
Sat May 07, 2016 5:01 pm
Forum: Forum Issues and Administration
Topic: Is the smiley face angry?
Replies: 12
Views: 2199

Re: Is the smiley face angry?

whodidntante wrote:I think we are sorely missing a facepalm emoji.


Not sure if sarcasm, but someone forgot to check the sidebar... :oops:
by OakPhilliesFan
Sat May 07, 2016 4:54 pm
Forum: Investing - Theory, News & General
Topic: Help talk me out of this...
Replies: 25
Views: 2460

Re: Help talk me out of this...

My Megacorp does this all of the time. What would you think it is unethical? We get a notice that X fund will be discontinued by a certain date the balances we have in that fund will automatically be moved to a new fund. We have the choice to decide if we want our balances to go to another fund. Be...
by OakPhilliesFan
Sat May 07, 2016 4:40 pm
Forum: Investing - Theory, News & General
Topic: Help talk me out of this...
Replies: 25
Views: 2460

Re: Help talk me out of this...

I have a good 401k that offers both very low cost index funds and a variety of active funds, but the active funds get changed out periodically if they don't perform well. Funds that didn't perform well over the past several years get kicked out, and they instead offer funds that have done well. Ugh...
by OakPhilliesFan
Sat May 07, 2016 1:54 pm
Forum: Personal Consumer Issues
Topic: how much cash do you carry in your wallet?
Replies: 152
Views: 19049

Re: how much cash do you carry in your wallet?

Wildebeest: I've heard that argument before. I disagree for various reasons, but it isn't purely a matter of personal preference. There are some things it's inconvenient or impossible to buy with cash. What about airline tickets, or any other thing that can't be conveniently purchased in person? The...
by OakPhilliesFan
Fri May 06, 2016 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: denied Schwab overdraft credit line and trying to understand why
Replies: 30
Views: 3890

Re: denied Schwab overdraft credit line and trying to understand why

That is an absurd amount of credit. You have to watch the card companies. If you pay your bills they keep upping your credit line. Every once in a while just call them and cut the limits back to something reasonable. If you are approaching a big purchase, call them and ask to increase it. They will...
by OakPhilliesFan
Fri May 06, 2016 1:57 pm
Forum: Personal Consumer Issues
Topic: how much cash do you carry in your wallet?
Replies: 152
Views: 19049

Re: how much cash do you carry in your wallet?

Going to Iceland in a few weeks with the intention of not taking out any local currency when we arrive. I went to Iceland a couple years ago and one of my mistakes was taking cash out from the ATM. You can pay for everything with a credit card there, at least in Reykjavik. One reason I asked this q...
by OakPhilliesFan
Fri May 06, 2016 1:39 pm
Forum: Personal Consumer Issues
Topic: how much cash do you carry in your wallet?
Replies: 152
Views: 19049

how much cash do you carry in your wallet?

I've noticed that people differ a fair amount in how much cash they carry around. I very rarely have more than $100 and often less. This is because I pay for most things with cards, plus carrying large amounts of cash makes me uncomfortable. One time someone who owed me about $300 offered to give me...