Search found 333 matches

by Wakefield1
Tue Mar 28, 2017 10:52 am
Forum: Investing - Help with Personal Investments
Topic: Where can I buy Vanguard Funds w/o Fees ?
Replies: 31
Views: 1769

Re: Where can I buy Vanguard Funds w/o Fees ?

I do believe that I started by writing to Vanguard and asking for an investment packet or something,there might have been separate packets with applications for opening an IRA and a taxable account-you needed the right one(s) filled out the return by mail sheets,might have enclosed a check with it a...
by Wakefield1
Thu Mar 16, 2017 1:29 pm
Forum: Forum Issues and Administration
Topic: Extremely Short 'Stay Logged In' Time
Replies: 15
Views: 1200

Re: Extremely Short 'Stay Logged In' Time

I thought this was a computer/browser/cookies handling issue.
Might play with permissions settings for this one website in Firefox.
by Wakefield1
Thu Mar 16, 2017 1:25 pm
Forum: Investing - Theory, News & General
Topic: Vanguard the Trendsetter
Replies: 1
Views: 477

Re: Vanguard the Trendsetter

I am trying to remember when the first no load sales of mutual funds were offered and by whom? I think that information was in one of Mr. Bogle's books but can't remember it. As I remember even Wellington and/or its predecessor was sold with a load charge when it debuted Interesting as to how Wellin...
by Wakefield1
Thu Mar 16, 2017 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Convincing Someone To Dump A Bad Financial Advisor
Replies: 39
Views: 3136

Re: Convincing Someone To Dump A Bad Financial Advisor

The issue of a typical financial advisor
The issue of an especially bad churning financial advisor
The issue of a shark-that could be shown to be doing something unusual or illegal to draw down customer accounts to themselves-
slightly different issues
by Wakefield1
Thu Mar 16, 2017 9:23 am
Forum: Personal Finance (Not Investing)
Topic: Convincing Someone To Dump A Bad Financial Advisor
Replies: 39
Views: 3136

Re: Convincing Someone To Dump A Bad Financial Advisor

If these expensive FAs provided Real Estate services and handled buy/sell/closings/mortgage services and counseling there might be some justification for their services
if not just about useless
by Wakefield1
Wed Mar 15, 2017 4:47 pm
Forum: Investing - Theory, News & General
Topic: Vanguard: "Important: We've been unable to reach you by email"
Replies: 31
Views: 2756

Re: Vanguard: "Important: We've been unable to reach you by email"

Something is up with Verizon e-mail,apparently I have to go through some kind of trouble to keep my e-mail account working by March 23 or something. Sounds like a pain in the neck. The people who try to get you to buy Fios every so often,price from one sales pitch to the next seems to vary such that...
by Wakefield1
Wed Mar 15, 2017 11:25 am
Forum: Personal Consumer Issues
Topic: Cost of Dental Implant
Replies: 63
Views: 4590

Re: Cost of Dental Implant

Hello -- I'm a general dentist in NJ -- PLEASE don't go to another country to have this done. I have seen too many cases of failing, poorly done dentistry done in other countries. The patients come back to the US and now have to pay to have things redone. It's awful. That being said, the "All-...
by Wakefield1
Wed Mar 15, 2017 9:06 am
Forum: Investing - Help with Personal Investments
Topic: $160k from Edward Jones, where to put it? Help please with 2 retirement accounts.
Replies: 8
Views: 670

Re: $160k from Edward Jones, where to put it? Help please with 2 retirement accounts.

Edward Jones seems to come up from time to time in discussion on the Forum but I guess there are various other investment shops that are about the same? Remember the advertisements for a certain shop where "when (xxxxxxx) speaks people listen"? And a barroom or sports arena suddenly went c...
by Wakefield1
Tue Mar 14, 2017 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Surprise financial disaster, severe debt $300K caused by brother-in-law - Please help!
Replies: 212
Views: 38834

Re: Surprise financial disaster, severe debt $300K caused by brother-in-law - Please help!

I have just found this discussion and read the entire thing in one go. Here are some comments that have not come up before: 1. If the OP's brother in law has no assets of his own, such as IRA or 401(k), he may request in the divorce a half of the marital assets and a half of his ex-wife's IRA, 401(...
by Wakefield1
Mon Mar 13, 2017 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: "We’re not going back to the ‘80s, but expect the Fed to raise rates" by Joe Davis of Vanguard
Replies: 28
Views: 3509

Re: "We’re not going back to the ‘80s, but expect the Fed to raise rates" by Joe Davis of Vanguard

The increasing of interest rates to more normal levels is in my view way overdue. I for one don't like having to use a microscope to see what my interest rate is on my savings accounts or to see what the bank has actually paid me for having money deposited with them. It has been tough on our senior...
by Wakefield1
Mon Mar 13, 2017 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: "We’re not going back to the ‘80s, but expect the Fed to raise rates" by Joe Davis of Vanguard
Replies: 28
Views: 3509

Re: "We’re not going back to the ‘80s, but expect the Fed to raise rates" by Joe Davis of Vanguard

Higher mortgage rates and no more "no money down no down payment easy financing of your new house no credit check required" should help to stop the outrageous runaway rise in the cost of houses-if it isn't so drastic as to shut down the building of new houses
by Wakefield1
Mon Mar 13, 2017 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Finding The "Sweet Spot" on a Roth Conversion
Replies: 26
Views: 2544

Re: Finding The "Sweet Spot" on a Roth Conversion

Additional Info: Status = MFJ Taxable Income w/o Conversion: $41,737 Currently retired and drawing Soc. Sec. 70% taxable RMD's start 4/2019 Est. RMD = $73,000 Thanks everyone for your input. Very helpful. So looks tempting to do conversions for the two years left before RMDs start if they can be ke...
by Wakefield1
Mon Mar 13, 2017 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Surprise financial disaster, severe debt $300K caused by brother-in-law - Please help!
Replies: 212
Views: 38834

Re: Surprise financial disaster, severe debt $300K caused by brother-in-law - Please help!

Where did the Individual Retirement Arrangement balance go?
This sounds like simply a white collar felon. Nothing more.
by Wakefield1
Sun Mar 12, 2017 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion from an IRA Account with only After Tax Money
Replies: 28
Views: 1419

Re: Roth Conversion from an IRA Account with only After Tax Money

Might want to look at Grabiner's post in "SS taxes" about the impact of possible Social Security and Required Minimum Distributions starting at about age 70 Perhaps just convert a small amount from IRAs to Roth IRA per year so as not to trigger humongous taxes or push into a higher bracket...
by Wakefield1
Sat Mar 11, 2017 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion from an IRA Account with only After Tax Money
Replies: 28
Views: 1419

Re: Roth Conversion from an IRA Account with only After Tax Money

In the unlikely event that someone has IRAs that they want to Roth convert and all contributions that were made were after tax/non deductible,there would still be tax due for the conversion due to accumulated growth in the IRA in excess of its "basis".
by Wakefield1
Sat Mar 11, 2017 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion from an IRA Account with only After Tax Money
Replies: 28
Views: 1419

Re: Roth Conversion from an IRA Account with only After Tax Money

Are you looking at your own Forms 8606? Or a blank form you found on the internet? Mine That's really good news because it can be very time consuming to reconstruct this information. If your memory is correct, you should have something like $24k on line 14 of the last form? Only < 7K there now,used...
by Wakefield1
Sat Mar 11, 2017 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion from an IRA Account with only After Tax Money
Replies: 28
Views: 1419

Re: Roth Conversion from an IRA Account with only After Tax Money

retiredjg wrote:Are you looking at your own Forms 8606? Or a blank form you found on the internet?

Mine
by Wakefield1
Sat Mar 11, 2017 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion from an IRA Account with only After Tax Money
Replies: 28
Views: 1419

Re: Roth Conversion from an IRA Account with only After Tax Money

Looking at these things (8606's) seems I made "nondeductible" contributions through 1997,I know that when I was aware of the Roth IRA I no longer used any of my precious contribution space of $2000./year for the plain IRA (vs. Roth IRA sharing the combined space) so I suppose 1998 was the ...
by Wakefield1
Sat Mar 11, 2017 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion from an IRA Account with only After Tax Money
Replies: 28
Views: 1419

Re: Roth Conversion from an IRA Account with only After Tax Money

I believe there was no such thing as a Roth IRA when I filled out my first 8606 (had $90. that was non-deductible).
by Wakefield1
Sat Mar 11, 2017 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion from an IRA Account with only After Tax Money
Replies: 28
Views: 1419

Re: Roth Conversion from an IRA Account with only After Tax Money

1986-did they have form 8606 then? (Going to look for how far back mine go) I see I have my first one from 1989 if you have Form 8606 for all of the years you made after tax IRA contributions then you should be able to figure the numbers for your current Roth Conversion(s) using them and the new one...
by Wakefield1
Fri Mar 10, 2017 2:42 pm
Forum: Personal Consumer Issues
Topic: can you recommend good tires
Replies: 50
Views: 2260

Re: can you recommend good tires

My experience with Michelin is that it is excellent, but start to get dry rot at about 5 years when there is still lots of unused tread left. That's likely not dry rot. Michelins can get small cracks but they do not affect safety or performance. A lot of people get concerned about these and believe...
by Wakefield1
Fri Mar 10, 2017 2:35 pm
Forum: Personal Consumer Issues
Topic: can you recommend good tires
Replies: 50
Views: 2260

Re: can you recommend good tires

I don't like dealing with chain tire stores-last couple sets of tires I have bought came from Tire Rack and I had a mechanic I trust deal with mounting and balancing them -the tire stores do a sloppy balance in my opinion and are also prone to grossly overtightening the lug nuts or bolts (might not ...
by Wakefield1
Fri Mar 10, 2017 2:24 pm
Forum: Personal Consumer Issues
Topic: New wheels and tires - strategy recommendation
Replies: 16
Views: 1117

Re: New wheels and tires - strategy recommendation

That racecar probably needs winter tires or hibernation in a nice garage during winter.
by Wakefield1
Fri Mar 10, 2017 2:19 pm
Forum: Personal Consumer Issues
Topic: wife in car accident - next steps?
Replies: 28
Views: 1976

Re: wife in car accident - next steps?

1) This *IS* an emergency - it's ok to dip into emergency fund, as needed. 2) When our late model minivan was totalled a bit under 3 years ago, to my recollection the insurance adjuster showed us 2 or 3 comps that were actually for sale to use as a basis for their offer. i.e. You could buy THIS rep...
by Wakefield1
Fri Mar 10, 2017 2:13 pm
Forum: Personal Consumer Issues
Topic: wife in car accident - next steps?
Replies: 28
Views: 1976

Re: wife in car accident - next steps?

As used cars go-are there any minivans that are apt to be reliable used? The full size Ford that was discontinued a few years ago "Panther" "P71" Are any of those that are still around good used cars? (A former police car would probably have been thrashed) 20 or 30 years ago-the ...
by Wakefield1
Thu Mar 09, 2017 1:55 pm
Forum: Personal Consumer Issues
Topic: Are Fiat Cars Junk?
Replies: 71
Views: 4769

Re: Are Fiat Cars Junk?

As the end of the war approached did the Tigers even have any gasoline left in them?
by Wakefield1
Thu Mar 09, 2017 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: SS taxes
Replies: 26
Views: 2729

Re: SS taxes

Classical foot in the door or camel's nose under the tent wall-started out at 50% and then went to 85%
by Wakefield1
Thu Mar 09, 2017 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Can "excess" cash from IRA RMDs be put into a Roth IRA?
Replies: 3
Views: 283

Re: Can "excess" cash from IRA RMDs be put into a Roth IRA?

Do a Roth Conversion(partial?) after making the RMD for that year?
by Wakefield1
Thu Mar 09, 2017 11:34 am
Forum: Investing - Theory, News & General
Topic: Did you buy SNAP?
Replies: 85
Views: 6420

Re: Did you buy SNAP?

SNA ? That is the tool truck business Snap On! Snap-On makes some really high quality tools. They were one of our first choices for buying/stocking a new tool at my old job. I don't buy individual stocks, but I don't like that I don't understand Snapchat's business model other then "hopefully ...
by Wakefield1
Thu Mar 09, 2017 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Qualified dividends
Replies: 5
Views: 378

Re: Qualified dividends

This is above my level of knowledge but I remember something on Vanguard's website or the instructions on the back of their statement warning that "qualified dividends" on some of their statements sent to you are not qualified for you if you did not hold the security that produced them for...
by Wakefield1
Wed Mar 08, 2017 11:21 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA cash out
Replies: 9
Views: 779

Re: Roth IRA cash out

If you have a regular IRA and have to take Required Minimum Distributions(and pay tax) from it;then taking money out of your Roth IRA does NOT reduce or affect the requirement that you take the Minimum Distributions yearly from the regular IRA. During the year as I understand,after you have taken th...
by Wakefield1
Wed Mar 08, 2017 10:24 am
Forum: Investing - Help with Personal Investments
Topic: Individual Funds Vs. Fund of Funds
Replies: 26
Views: 679

Re: Individual Funds Vs. Fund of Funds

Perhaps there are extra expenses in the Deferred Comp. plan that are greater for someone having several Vanguard funds vs. the single Vanguard "fund of funds" if so wouldn't savings be possible by rolling over the entire Deferred Comp. plan to an individual rollover IRA at Vanguard or some...
by Wakefield1
Tue Mar 07, 2017 12:00 pm
Forum: Investing - Theory, News & General
Topic: What is the difference between Total Return and SP500 index?
Replies: 47
Views: 2714

Re: What is the difference between Total Return and SP500 index?

This year my Vanguard 500 Index had all of its dividends listed as "qualified"on my tax document so at least in that regard the tax bite is a little smaller than;say;the tax bite on the same $ value of bond fund dividends
by Wakefield1
Tue Mar 07, 2017 11:53 am
Forum: Investing - Theory, News & General
Topic: What is the difference between Total Return and SP500 index?
Replies: 47
Views: 2714

Re: What is the difference between Total Return and SP500 index?

The S&P 500 index tracks the combined market value of the 500 stocks in the S&P 500 index. The S&P 500 Total Return index tracks the return of these 500 stocks with dividends reinvested: https://finance.yahoo.com/quote/%5ESP500TR The difference between the SP500 and the SP500 total retu...
by Wakefield1
Tue Mar 07, 2017 11:51 am
Forum: Investing - Theory, News & General
Topic: What is the difference between Total Return and SP500 index?
Replies: 47
Views: 2714

Re: What is the difference between Total Return and SP500 index?

The S&P 500 index tracks the combined market value of the 500 stocks in the S&P 500 index. The S&P 500 Total Return index tracks the return of these 500 stocks with dividends reinvested: https://finance.yahoo.com/quote/%5ESP500TR The difference between the SP500 and the SP500 total retu...
by Wakefield1
Tue Mar 07, 2017 10:39 am
Forum: Investing - Theory, News & General
Topic: What is the difference between Total Return and SP500 index?
Replies: 47
Views: 2714

Re: What is the difference between Total Return and SP500 index?

Is owning some Vanguard Index 500 Fund plus some proportionate amount of "Vanguard Extended Market Index Fund" about the same as owning "Total(USA) Stock Market"?
by Wakefield1
Tue Mar 07, 2017 10:35 am
Forum: Investing - Theory, News & General
Topic: What is the difference between Total Return and SP500 index?
Replies: 47
Views: 2714

Re: What is the difference between Total Return and SP500 index?

I suspect the tracking and management system for the present Vanguard Index 500 Fund might have changed from the original "Index Trust" ("Bogle's Folly") which of course shook up the professional investments world (did what he said it would,beat the aggregate of the managed funds...
by Wakefield1
Mon Mar 06, 2017 7:38 pm
Forum: Investing - Theory, News & General
Topic: Did you buy SNAP?
Replies: 85
Views: 6420

Re: Did you buy SNAP?

SNA ? That is the tool truck business Snap On!
by Wakefield1
Mon Mar 06, 2017 6:24 pm
Forum: Investing - Theory, News & General
Topic: What is the difference between Total Return and SP500 index?
Replies: 47
Views: 2714

Re: What is the difference between Total Return and SP500 index?

Vanguard Total Stock Market Index vs. the original Index Trust now the S&P 500 Index?
"Total Return" is just a metric to apply to compare just about any investments.
by Wakefield1
Sun Mar 05, 2017 11:14 am
Forum: Personal Consumer Issues
Topic: Advice on relocation or staying put
Replies: 81
Views: 4552

Re: Advice on relocation or staying put

Greater Harrisburg PA area? (Said to have had local budget bankruptcy but last time I was there didn't see any evidence of that) Punxsutawney PA? (plenty snow and cold,not too much heat in summer and not as cloudy as Pacific NW) Southern Valley of Virginia has beautiful farmland with mountains eithe...
by Wakefield1
Sun Mar 05, 2017 11:00 am
Forum: Personal Consumer Issues
Topic: Downsides to Living in Same Neighborhood Entire Life?
Replies: 17
Views: 1771

Re: Downsides to Living in Same Neighborhood Entire Life?

The question would be whether to leave the Pittsburgh area or not but as long as you know the area and its neighborhoods and you know you are in a good one there would be no reason not to stay in that neighborhood Is Punxsutawney/Indiana/Adrian assumed to be in the greater Pittsburgh area? no runawa...
by Wakefield1
Sat Mar 04, 2017 10:43 pm
Forum: Personal Consumer Issues
Topic: Downsides to Living in Same Neighborhood Entire Life?
Replies: 17
Views: 1771

Re: Downsides to Living in Same Neighborhood Entire Life?

Travel is a great thing-see other places where you might find attractive for making a home
New Mexico? Big Bend area of Texas? Southern Appalachians?
At least your area is probably not deteriorating or defiling its own history
by Wakefield1
Thu Mar 02, 2017 7:12 pm
Forum: Investing - Help with Personal Investments
Topic: Why not utilize leveraged ETF's?
Replies: 24
Views: 1086

Re: Why not utilize leveraged ETF's?

Does leverage "cost"?
by Wakefield1
Thu Mar 02, 2017 11:02 am
Forum: Investing - Help with Personal Investments
Topic: Roth IRA or Taxable Account? 30 Years old and new
Replies: 24
Views: 1521

Re: Roth IRA or Taxable Account? 30 Years old and new

If contributing now if Vanguard is custodian,make sure you specify which year it (they) are for,2016 or 2017 (or contributions for both?) ----AND make sure once the transaction has gone through that they have the year (years) right!!
by Wakefield1
Thu Mar 02, 2017 10:51 am
Forum: Personal Consumer Issues
Topic: Grass trimmer
Replies: 50
Views: 2124

Re: Grass trimmer

Another thing to think of-some of the higher line Stihl machines-such as FS 130 and "Kombimotor" have interchangeable heads or sections available that allow one powerhead/engine to drive a sickle bar (used as hedge trimmer) or "chainsaw on a stick" as well as the string head--I a...
by Wakefield1
Thu Mar 02, 2017 10:27 am
Forum: Investing - Theory, News & General
Topic: "How Pensions and Social Security Affect Asset Allocation"
Replies: 19
Views: 3318

Re: "How Pensions and Social Security Affect Asset Allocation"

If I have pensions and Social Security I have more freedom in investing,including taking more chances of making mistakes. More freedom to either be too aggressive or too "conservative"(failing to overcome inflation and therefor losing buying power).
by Wakefield1
Wed Mar 01, 2017 6:16 pm
Forum: Investing - Help with Personal Investments
Topic: Possibly Financially Independent and Feeling Miserable
Replies: 153
Views: 15532

Re: Possibly Financially Independent and Feeling Miserable

Are you including your home in this $$ number? I'm not quite sure what you mean. We do not currently own a home (we currently rent an apartment), so the net worth number is the total, "liquid" amount of assets that we have (although we do have an additional $110K or so in cash that we pla...
by Wakefield1
Wed Mar 01, 2017 5:48 pm
Forum: Investing - Help with Personal Investments
Topic: Possibly Financially Independent and Feeling Miserable
Replies: 153
Views: 15532

Re: Possibly Financially Independent and Feeling Miserable

Perhaps read one/some of the late Dr. George Sheehan's books Become obsessed with your 10K or Marathon P.R. to the exclusion of constantly looking at the portfolio valuations on the account logons Think twice about quitting a good employment situation-or move towards a position of being able to ment...
by Wakefield1
Tue Feb 28, 2017 4:06 pm
Forum: Personal Consumer Issues
Topic: Grass trimmer
Replies: 50
Views: 2124

Re: Grass trimmer

In the Stihl equipment the true 2 stroke stuff (FS 80?) seemed to have more range of response to the trigger throttle,the 4-mix (like FS 130) seems to have more of an on/off effect with the throttle. I don't know if they even have some of the 2-strokes anymore,the EPA requirements seem to be making ...
by Wakefield1
Tue Feb 28, 2017 10:36 am
Forum: Personal Consumer Issues
Topic: Grass trimmer
Replies: 50
Views: 2124

Re: Grass trimmer

DaftInvestor wrote:I'd definitely go gas. You don't want to be dragging a cord around on a 1 acre property and battery/rechargeable trimmers aren't that powerful - you'll spend 3x the amount of time trimming due to weak power than you would with something gas powered.


THIS ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

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