Search found 3309 matches

by Steelersfan
Tue Sep 26, 2017 7:28 am
Forum: Investing - Help with Personal Investments
Topic: proxy vote
Replies: 3
Views: 142

Re: proxy vote

Nope. Mine stopped as soon as I voted. I think I deleted the message also. That may have contributed.
by Steelersfan
Sat Sep 23, 2017 7:14 am
Forum: Investing - Help with Personal Investments
Topic: Head-scratcher -- does Vanguard ever mistakenly charge fees?
Replies: 10
Views: 918

Re: Head-scratcher -- does Vanguard ever mistakenly charge fees?

Is Vanguard your broker or are you using someone else to purchase the mutual funds? Are they ETF's or regular mutual funds?
by Steelersfan
Thu Sep 21, 2017 2:53 pm
Forum: Investing - Theory, News & General
Topic: VG wants everyone to transfer to a brokerage account?
Replies: 53
Views: 3993

Re: VG wants everyone to transfer to a brokerage account?

I've been getting them for months. Having only Vanguard mutual funds which I rarely trade, I keep ignoring it.

I expect some day I won't be able to put it off, they'll convert me, and that will be OK too.
by Steelersfan
Wed Sep 20, 2017 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: Who has needed to use their umbrella insurance?
Replies: 113
Views: 14017

Re: Who has needed to use their umbrella insurance?

Interesting recap of some actual claims.... http://www.galleninsurance.com/wp-content/uploads/2011/08/10-Actual-Claims-On-a-Personal-Umbrella-Policy.pdf I wonder how many policies were covered and over how many years it took to find those 10 cases? Where they all that firm's or did they go scouting...
by Steelersfan
Wed Sep 20, 2017 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard PAS Seems Inflexable
Replies: 24
Views: 1770

Re: Vanguard PAS Seems Inflexable

Vanguard is a cost driven company and motivated to keep costs low by offering standardized products; few frills and little customization. Many of the "don't like Vanguard" posts have that as the root source of aggravation.

Either accept that and go with their model, or better to look someplace else.
by Steelersfan
Sun Sep 10, 2017 6:27 am
Forum: Investing - Help with Personal Investments
Topic: University of California Retirement Plan Proprietary Funds
Replies: 7
Views: 724

Re: University of California Retirement Plan Proprietary Funds

They're keeping the same investment adviser just changing from a publicly traded mutual fund to one administered solely for their clients. That lets them side step the marketing and reporting costs of a publicly traded mutual fund. http://ucnet.universityofcalifornia.edu/news/2017/07/fund-improvemen...
by Steelersfan
Sat Sep 09, 2017 4:27 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Mother's Portfolio
Replies: 18
Views: 1383

Re: Help with Mother's Portfolio

I don't know what the state tax situation is in NJ, but in PA both Social Security and pensions are not subject to PA income taxes. That may give her a little boost.
by Steelersfan
Sat Sep 09, 2017 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Thought on including this in net equity calculations
Replies: 7
Views: 492

Re: Thought on including this in net equity calculations

I always did, but I was never considering my net worth as anything but an interesting number, not to guide my financial decisions.
by Steelersfan
Sat Sep 09, 2017 1:06 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Mother's Portfolio
Replies: 18
Views: 1383

Re: Help with Mother's Portfolio

Minty - yes there will be some capital gains with the sale of all the assets. But this will need to be done eventually anyway. I'm thinking Mom's tax bracket is lower than both my own and my sister's so better to pay it now than as an inheritance. If she holds the assets until she passes the cost b...
by Steelersfan
Thu Sep 07, 2017 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One -- Again!
Replies: 51
Views: 8342

Re: Capital One -- Again!

Welcome to the wonderful world of tabletizing interfaces. They simplify the interface and make everything huge so it works good on a 8" tablet versus something with a keyboard and mouse. I hate all the new interfaces...takes forever to do anything. Too much flash. All sizzle and no steak. They're b...
by Steelersfan
Thu Sep 07, 2017 11:54 am
Forum: Investing - Help with Personal Investments
Topic: How long does TreasuryDirect take to convert paper I bonds?
Replies: 66
Views: 14877

Re: How long does TreasuryDirect take to convert paper I bonds?

swebby wrote:
Thu Sep 07, 2017 10:23 am
Just an update.. it took 2 wks for me to get the money on those 357 bonds that my Daddy left us. They've really cleaned up their act.

I had the money before I even thought to try and check the status.
I had the same experience. I mailed mine in mid August
by Steelersfan
Wed Sep 06, 2017 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited Savings Bonds
Replies: 30
Views: 1886

Re: Inherited Savings Bonds

Here's the help page on Treasury Direct on redeeming bonds, including paper ones:

https://www.treasurydirect.gov/indiv/re ... redeem.htm
by Steelersfan
Sat Sep 02, 2017 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Disclaiming Multiple IRAs
Replies: 14
Views: 1114

Re: Disclaiming Multiple IRAs

I agree with mhalley, it's OK to disclaim portions of whatever asset would be inherited.
by Steelersfan
Sat Sep 02, 2017 4:00 am
Forum: Personal Finance (Not Investing)
Topic: How many "investment" accounts do you have?
Replies: 61
Views: 6136

Re: How many "investment" accounts do you have?

Vanguard taxable mutual fund (not brokerage, yet)
Vanguard IRA
Treasury Direct (going away next year via gifts)
Online CD
Checking account at local bank

I'd shut down the online CD if my local bank offered more competitive rates, to get down to three accounts.
by Steelersfan
Fri Sep 01, 2017 7:30 pm
Forum: Personal Consumer Issues
Topic: Day trips from Las Vegas
Replies: 16
Views: 1619

Re: Day trips from Las Vegas

Zion is awesome, in my top three of National Parks. Valley of Fire state park is on the way and worth a stop. I thought Red Rock Canyon a little better than Valley of Fire but why go out of the way. Forget Death Valley.
by Steelersfan
Fri Sep 01, 2017 2:07 pm
Forum: Investing - Help with Personal Investments
Topic: Question about pension and risk
Replies: 36
Views: 2147

Re: Question about pension and risk

I'm in a similar financial situation and decided, since I'm essentially investing for my heirs, to go with 60%/40%.

In practice I'm not sure the returns will be that much different than 40%/60%.
by Steelersfan
Wed Aug 30, 2017 9:27 pm
Forum: Investing - Help with Personal Investments
Topic: Deferred compensation plan? risky?
Replies: 59
Views: 2369

Re: Deffered compensation plan? risky?

Not a comment on the worthiness of this plan or choosing to use it, but the company I worked for had a fixed income option that payed well above either prevailing rates or their cost of capital. I think they viewed as a perk to reward their top officials. I stayed in it until I retired, and well gla...
by Steelersfan
Mon Aug 28, 2017 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: QCDs from Vanguard
Replies: 38
Views: 2362

Re: QCDs from Vanguard

Thanks to the folks who made recommendations how to combine RMD's and QCD's. I start both next year and this thread has been useful to determine how to do them in combo. I would likely have ended up like the OP without his post.
by Steelersfan
Mon Aug 28, 2017 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: QCDs from Vanguard
Replies: 38
Views: 2362

Re: QCDs from Vanguard

I suspect "the system" doesn't know if you want to take the QCD in addition to your regular RMD or as a distribution to partially meet your required RMD. You know it's the later, it doesn't.
by Steelersfan
Sun Aug 27, 2017 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: LTCi or RM
Replies: 18
Views: 813

Re: LTCi or RM

In many situations, once one has paid in to a policy for years, it's generally best to keep it as the amount paid in would likely be lost. Actually, isn't the amount paid in lost weather you continue or not. Shouldn't the evaluation be made based on current premiums and policy benefits, irrespectiv...
by Steelersfan
Sun Aug 27, 2017 6:56 pm
Forum: Investing - Help with Personal Investments
Topic: approaching 70, and a totally new situation.
Replies: 31
Views: 4161

Re: approaching 70, and a totally new situation.

' Have fun! I see no need to change anything. Paying taxes just comes along with most types of income. People don't decline a pay raise because they would have to pay more in taxes. +1 My situation is very much like the original posters and I agree with this, even with keeping his asset allocation ...
by Steelersfan
Fri Aug 25, 2017 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Does it make sense to accelerate paying off mortgage now that I am 57 yrs old?
Replies: 24
Views: 2698

Re: Does it make sense to accelerate paying off mortgage now that I am 57 yrs old?

I had a 15 year mortgage that would continue into my retirement. I always paid extra principal. When I actually retired I decided to pay it off, just to eliminate that monthly expense. I don't think there's a whole lot of financial difference one way or the other. Whether you can itemize the mortgag...
by Steelersfan
Wed Aug 23, 2017 8:12 pm
Forum: Personal Consumer Issues
Topic: Non-fiction bucket list
Replies: 110
Views: 9329

Re: Non-fiction bucket list

You probably need some substantial background in mathematics, but Music of the Primes by Marcus du Sautoy is the only book that ever motivated me to look up the author's email address and send him a note of appreciation. Beautify written account of this enigmatic topic.
by Steelersfan
Wed Aug 23, 2017 9:13 am
Forum: Investing - Help with Personal Investments
Topic: What do you do with RMD money you don't need?
Replies: 51
Views: 4148

Re: What do you do with RMD money you don't need?

I believe the conventional wisdom is: 1. put the money in a taxable account (and match the same AA where the money was). 2. gifts to children 3. You could donate the money to charity. If you do this, you probably want to do it as a QCD (qualified charitable deduction). There are specific ways that ...
by Steelersfan
Wed Aug 16, 2017 8:05 am
Forum: Personal Finance (Not Investing)
Topic: Travelers Checks Question
Replies: 6
Views: 838

Re: Travelers Checks Question

The aren't a scam since they have physical offices in many major U.S. cities and airports, but they probably do charge pretty heft fees.

https://www.travelex.com/stores-by-stat ... y-exchange
by Steelersfan
Wed Aug 16, 2017 7:44 am
Forum: Personal Finance (Not Investing)
Topic: Tax on I-Bonds Transfer
Replies: 14
Views: 866

Re: Tax on I-Bonds Transfer

One other bit of (unasked for) advice: If/when you do gift the bonds, make sure that you give documentation to the new owner(s) of the bonds about the amount of accrued interest on which you already paid tax at the time of the gift. (Some sort of documentation that would satisfy the IRS in an audit...
by Steelersfan
Tue Aug 15, 2017 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Tax on I-Bonds Transfer
Replies: 14
Views: 866

Re: Tax on I-Bonds Transfer

3. If I don't make it all the way to when they mature, my estate has to pay taxes for however long they've been held. There's no step up basis for the accrued interest. I am not a lawyer, but my understanding from what lawyers (eg. bsteiner) have said in these forums on the matter is that there are...
by Steelersfan
Tue Aug 15, 2017 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Tax on I-Bonds Transfer
Replies: 14
Views: 866

Re: Tax on I-Bonds Transfer

Perhaps do the rollover into a 529. https://www.fastweb.com/financial-aid/articles/how-do-i-roll-over-us-savings-bonds-into-a-529-college-savings-plan I don't know the rules, but don't see why this couldn't be done. At some future point, change the beneficiary to the grandchildren and then they use...
by Steelersfan
Tue Aug 15, 2017 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: Tax on I-Bonds Transfer
Replies: 14
Views: 866

Re: Tax on I-Bonds Transfer

Suppose you do transfer the bonds to your children. Will your children (who will now be the "owner" (s) referred to in the rules) have been at least 24 years old when the bonds were originally issued? (Not when they received the bonds as a gift ... when the bonds were originally issued to you.) It ...
by Steelersfan
Tue Aug 15, 2017 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: Tax on I-Bonds Transfer
Replies: 14
Views: 866

Re: Tax on I-Bonds Transfer

Did you ever consider holding on to the existing Savings Bonds and simply gifting money that the parents could use to purchase new I Bonds in their name which could then be used, tax-free, for your grandchildren's education? Seems like a simple solution unless you simply don't have the money to gif...
by Steelersfan
Tue Aug 15, 2017 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Family Tree Template?
Replies: 9
Views: 888

Re: Family Tree Template?

I use these fill in the blank pedigree charts. You can save them on your PC and add information as you collect it. You can then print it out or email it to whoever you want: http://www.mymcpl.org/_uploaded_resources/MGC-ancestorchart.pdf http://misbach.org/download/pedigree_chart.pdf You can google ...
by Steelersfan
Tue Aug 15, 2017 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Tax on I-Bonds Transfer
Replies: 14
Views: 866

Re: Tax on I-Bonds Transfer

Not sure thats how the program works: from http://www.kiplinger.com/article/taxes/T055-C001-S000-using-savings-bonds-for-college-tuition.html I bonds and EE bonds issued after 1989 are eligible for the tax break. To qualify, you -- the bond owner -- must have been at least 24 years old when the bon...
by Steelersfan
Tue Aug 15, 2017 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Tax on I-Bonds Transfer
Replies: 14
Views: 866

Tax on I-Bonds Transfer

I have four I-Bonds in a single Treasury Direct account which I want to transfer to my two children to pay tuition when their kids go to college. Each of my children has two kids. I learned that when I transfer the bonds to them I will incur tax on the accrued interest. If I could somehow get the bo...
by Steelersfan
Fri Aug 11, 2017 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: Long term tax planning
Replies: 11
Views: 974

Re: Long term tax planning

Because of the significant capital gain, I will most likely hold on to them forever and use the step up for the kids. That's an excellent strategy given today's tax policy, and is what I"m doing. However I'm several decades further along in life than you. What tax policy will be in 30 to 40 (or mor...
by Steelersfan
Wed Aug 09, 2017 12:13 pm
Forum: Personal Consumer Issues
Topic: Issue with PNC Bank
Replies: 8
Views: 724

Re: Issue with PNC Bank

It must be that carrying history over to a second card was never designed or programmed in whatever credit card systems they're using. It's possible the system doesn't even run at PNC but at some third party processor. If that's the case there's nothing customer service can do for you, and adding th...
by Steelersfan
Wed Aug 09, 2017 6:57 am
Forum: Investing - Help with Personal Investments
Topic: What is an appropriate lower risk asset allocation once one has "won the game"
Replies: 50
Views: 6124

Re: What is an appropriate lower risk asset allocation once one has "won the game"

ThrustVectoring wrote:IIRC, John Bogle has investments for his inheritance as something like 60% equity / 40% bonds.
While nowhere near Bogle's level of assets but with the same objective, that's what I stick with.
by Steelersfan
Thu Aug 03, 2017 2:41 pm
Forum: Personal Consumer Issues
Topic: Hospitals are offering their own insurance plans
Replies: 15
Views: 1519

Re: Hospitals are offering their own insurance plans

As a charitable organization they are not supposed to be in competition with tax paying businesses. If they are, they are supposed to pay taxes on any profit from the business. Google "UBTI" for more info. I don't know how they do it but they do. They are very astute business guys running the place...
by Steelersfan
Thu Aug 03, 2017 1:57 pm
Forum: Personal Consumer Issues
Topic: Hospitals are offering their own insurance plans
Replies: 15
Views: 1519

Re: Hospitals are offering their own insurance plans

It already happened in Pennsylvania with the University of Pittsburgh Medical Center getting into the health insurance industry. Initially you might expect that insurance companies owning the services would remove one layer of profit motive and therefore benefit consumers. But in reality it gives i...
by Steelersfan
Mon Jul 31, 2017 8:58 pm
Forum: Investing - Help with Personal Investments
Topic: BNY Mellon Funds???
Replies: 16
Views: 1231

Re: BNY Mellon Funds???

I believe all the funds mentioned are Money Market Funds, not Collective Trust Funds. They are completely different animals.

I'm sure our contrarian will tell us where I'm wrong.
by Steelersfan
Mon Jul 31, 2017 5:51 pm
Forum: Investing - Help with Personal Investments
Topic: BNY Mellon Funds???
Replies: 16
Views: 1231

Re: BNY Mellon Funds???

You implicitly made the statement BNY Mellon would lend from their own book to provide liquidity to its own funds to bail out its own managed funds, if they did they would be capped or prohibited by federal reserve regulations and the OCC, along with NYS Department of Financial Services. That is wh...
by Steelersfan
Mon Jul 31, 2017 3:22 pm
Forum: Investing - Help with Personal Investments
Topic: Should i diversify from Vanguard?
Replies: 25
Views: 1993

Re: Should i diversify from Vanguard?

Investors are getting most or all of their principal back. Earnings are long gone (since they never exisied), so if someone was banking on them, they're out of luck. From a February, 2017 article. I believe there have been a few more more recoveries and distributions since then: Once the distributio...
by Steelersfan
Mon Jul 31, 2017 11:03 am
Forum: Investing - Help with Personal Investments
Topic: BNY Mellon Funds???
Replies: 16
Views: 1231

Re: BNY Mellon Funds???

2. He's looking at investing in a 457 retirement plan. You don't (probably can't) do much buying or selling of funds in those accounts. I was talking about the buying or selling by the funds not of the funds. Thanks for the clarification. In an index fund within a retirement plan I would not expect...
by Steelersfan
Mon Jul 31, 2017 9:30 am
Forum: Investing - Help with Personal Investments
Topic: BNY Mellon Funds???
Replies: 16
Views: 1231

Re: BNY Mellon Funds???

A couple of comments about the previous post: 1. Those are collective trust funds so you will never get or see a ticker symbol 2. He's looking at investing in a 457 retirement plan. You don't (probably can't) do much buying or selling of funds in those accounts. 3. I agree BNY Mellon's retail mutual...
by Steelersfan
Mon Jul 31, 2017 6:09 am
Forum: Investing - Help with Personal Investments
Topic: BNY Mellon Funds???
Replies: 16
Views: 1231

Re: BNY Mellon Funds???

Trashguy58 wrote:Well that's definitely more info than I could find!

Thanks for the info on the bond fund!

I assume a collective trust fund is safe??? Can't say I was familiar with that type of fund..
They're perfectly safe as long as they're managed by a reputable institution, which BNY Mellon certainly is.
by Steelersfan
Sun Jul 30, 2017 8:22 pm
Forum: Investing - Help with Personal Investments
Topic: Should i diversify from Vanguard?
Replies: 25
Views: 1993

Re: Should i diversify from Vanguard?

What's the difference between Vanguard and Madoffs ponzi scheme? I mean I know Vanguard is not a ponzi scheme but what is the difference between a regular mutual fund and what Madoff had? Was he not set up as a mutual fund? Why wasn't he regulated by the government? He was not a mutual fund, and he...
by Steelersfan
Sun Jul 30, 2017 7:38 pm
Forum: Investing - Help with Personal Investments
Topic: Should i diversify from Vanguard?
Replies: 25
Views: 1993

Re: Should i diversify from Vanguard?

Custody One of the warning signs of the Ponzi schemes conducted by Bernie Madoff and Stanford Financial was that both institutions self-custodied their assets. That is, the same institution was responsible both for managing the assets and for holding them. By contrast, Vanguard (and every other US-...
by Steelersfan
Sun Jul 30, 2017 5:46 pm
Forum: Investing - Help with Personal Investments
Topic: BNY Mellon Funds???
Replies: 16
Views: 1231

Re: BNY Mellon Funds???

Those are collective trust funds and perfectly fine. They track indexes and have lower fees than even Vanguard's index funds. They just don't have ticker symbols. Here's info on "BNY Mellon Aggregate Bond Index" : http://www.mercerhrs.com/microsite/cbs/newhire/pdf/BNY_Mellon_Bond.pdf I can't find in...
by Steelersfan
Sun Jul 30, 2017 8:53 am
Forum: Personal Consumer Issues
Topic: Medicare Plan F and Part D: Use a Broker or Not?
Replies: 19
Views: 1603

Re: Medicare Plan F and Part D: Use a Broker or Not?

I used a broker the first two times I was shopping for a Medigap plan. The first time was excellent. The second, not good at all. I think she was just too busy to give good service. One thing I learned is that some insurance companies won't let brokers sell their plans. I know that because the first...
by Steelersfan
Fri Jul 28, 2017 6:16 pm
Forum: Personal Consumer Issues
Topic: TSA Pre-check for free
Replies: 75
Views: 5744

Re: TSA Pre-check for free

I'm over 65 so that might matter, and I get pre-check for free about 80% of the time on several different airlines.