Search found 370 matches

by brak
Thu Jan 18, 2018 10:49 pm
Forum: Investing - Help with Personal Investments
Topic: Saving for college
Replies: 3
Views: 256

Saving for college

I am posting this on behalf of close friends who have a ten year old son. They are now in the position where they can start putting around $700/month away for his college education. What sort of savings vehicle would you suggest they use? They live in California.
by brak
Mon Jan 15, 2018 7:42 pm
Forum: Investing - Help with Personal Investments
Topic: Paying for college
Replies: 13
Views: 889

Re: Paying for college

Now I know where to look. Much thanks!
by brak
Mon Jan 15, 2018 6:45 pm
Forum: Investing - Help with Personal Investments
Topic: Paying for college
Replies: 13
Views: 889

Re: Paying for college

So i just emailed my accountant asking him if we use the trust for college, can we still get educational tax credits and claim her as a dependent, and his answer was literally "yes". How should i dig deeper? Thanks again.
by brak
Mon Jan 15, 2018 6:00 pm
Forum: Investing - Help with Personal Investments
Topic: Paying for college
Replies: 13
Views: 889

Re: Paying for college

Thank you. So are you suggesting that the 529 and UGMA be tapped first?
by brak
Mon Jan 15, 2018 5:50 pm
Forum: Investing - Help with Personal Investments
Topic: Paying for college
Replies: 13
Views: 889

Re: Paying for college

livesoft - can you expound on that please? I want to be savvy about this. We have control of the trust until she is 35, if that helps. Thanks. We just got a handle on what her college expenses would be, and since I thought there would be the chance that it would be spent in the next four years I inv...
by brak
Mon Jan 15, 2018 5:40 pm
Forum: Investing - Help with Personal Investments
Topic: Paying for college
Replies: 13
Views: 889

Re: Paying for college

College is about $40,000/year. 529 plan has $70,000; UGMA has $70,000; trust has $140,000.I also see graduate school in her future.
by brak
Mon Jan 15, 2018 4:47 pm
Forum: Investing - Help with Personal Investments
Topic: Paying for college
Replies: 13
Views: 889

Paying for college

My daughter is heading off to college this September. Her funds for college are stashed in three places: 1. a 529 plan (in a stable value fund), 2. a trust fund which is currently in Wellington Fund, and an UTMA account (CD's). I am needing input as to the order in which I draw down these accounts a...
by brak
Wed Jan 03, 2018 10:52 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Balanced vs Tax-Managed Balanced Index
Replies: 14
Views: 1408

Re: Vanguard Balanced vs Tax-Managed Balanced Index

Thank you. It is a taxable account.
by brak
Wed Jan 03, 2018 9:53 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Balanced vs Tax-Managed Balanced Index
Replies: 14
Views: 1408

Vanguard Balanced vs Tax-Managed Balanced Index

Under the new tax law, my father will be in the 22% bracket. Is he better off investing the the Vanguard Balanced Index fund or the Vanguard Tax-Managed Balanced Index fund? Thanks.
by brak
Wed Dec 20, 2017 11:26 pm
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 878
Views: 48755

New tax bill and muni bonds

I am trying to figure out how the new tax structure effects the decision to invest in muni rather than taxable bonds, and how one figures out which is more advantageous. Thanks much in advance.
by brak
Sun Dec 17, 2017 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Turbo tax and overseas bank accounts
Replies: 9
Views: 715

Turbo tax and overseas bank accounts

Two questions: 1. what is the best computerized income tax program to use? 2. in general, are such programs able to take into account overseas bank accounts? Thanks in advance.
by brak
Thu Dec 14, 2017 5:12 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 392
Views: 58326

Re: Retirement Account Stolen by Identity theft

Pondering - fortunately, no attorney fees were charged us.
by brak
Wed Dec 13, 2017 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 392
Views: 58326

Re: Retirement Account Stolen by Identity theft

Thanks again for all the support folks. In response to the questions and comments. I received no interim reports from Transamerica unless I called them. Whenever I called they told me that they had no news to report, that the case was still being investigated and that I could not talk to the investi...
by brak
Wed Dec 13, 2017 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 392
Views: 58326

Re: Retirement Account Stolen by Identity theft

So, all's well that ends well. The money is back in the account, there is no indication from Transamerica as to who the thief was, and after the New Year I will be transferring the account to Vanguard. Thanks again for all your help and support.
by brak
Sat Dec 02, 2017 8:38 am
Forum: Personal Consumer Issues
Topic: Price of haircut?
Replies: 194
Views: 10868

Re: Price of haircut?

Can people include whether they are balding or have a full head of hair, as this could influence the need to have your hair styled some which would in turn effect the price.
by brak
Wed Nov 22, 2017 5:45 pm
Forum: Personal Consumer Issues
Topic: Public or Montessori Private School
Replies: 60
Views: 4344

Re: Public or Montessori Private School

There is also a lot of focus in Montessori on kids working in groups and learning how to collaborate.
by brak
Wed Nov 22, 2017 12:54 pm
Forum: Personal Consumer Issues
Topic: Public or Montessori Private School
Replies: 60
Views: 4344

Re: Public or Montessori Private School

We sent our daughter to Montessori school in Wisconsin for grades 2-8, after thoroughly researching the public schools in our area. While it was expensive, we do not regret it for a second. What the Montessori system excels at is instilling an intellectual curiosity and love of learning. From my dau...
by brak
Mon Nov 20, 2017 9:11 pm
Forum: Investing - Help with Personal Investments
Topic: Do I need a cash reserve
Replies: 7
Views: 956

Do I need a cash reserve

I am retired, primarily invested in index funds with a 60/40 split. I keep hearing conflicting things about whether I need a cash reserve past a six month emergency fund. Seems like some people feel that since a retiree is no longer in the accumulation phase they need two to three years of cash to t...
by brak
Sun Nov 19, 2017 7:52 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisor Services/Portfolio Review
Replies: 45
Views: 3658

Re: Vanguard Personal Advisor Services/Portfolio Review

rivercityrivercity - I am curious as to why the advisor counseled you against keeping two to three years of expenses in cash on hand. It was my impression that once retired, you wanted to do this so that you could try to avoid having to sell during a market downturn. Have I missed the boat?
by brak
Sat Nov 18, 2017 8:56 am
Forum: Investing - Help with Personal Investments
Topic: Current precarious equity environment for a retiree
Replies: 43
Views: 3563

Re: Current precarious equity environment for a retiree

Livesoft - would you be willing to share the details of your asset allocation? It would be quite helpful to me.
by brak
Sun Nov 05, 2017 12:36 pm
Forum: Investing - Help with Personal Investments
Topic: PRIMECAP Fund
Replies: 63
Views: 3091

Re: PRIMECAP Fund

I hold some Primecap in a taxable fund. Bought it thirty years ago when I was young(er) and stupid. How tax inefficient is it? And I assume it would be a mistake to sell it with a six- figure capital gain, correct?
by brak
Thu Nov 02, 2017 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 392
Views: 58326

Re: Retirement Account Stolen by Identity theft

Thanks Earl. I do now!
by brak
Thu Nov 02, 2017 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 392
Views: 58326

Re: Retirement Account Stolen by Identity theft

rrppve - sorry for the wrong name - darn autocorrect!
by brak
Thu Nov 02, 2017 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 392
Views: 58326

Re: Retirement Account Stolen by Identity theft

ripple - great idea! Thanks.
by brak
Thu Nov 02, 2017 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 392
Views: 58326

Re: Retirement Account Stolen by Identity theft

Broken Man - once the funds are restored I'll be helping him transfer the account to Vanguard.
by brak
Thu Nov 02, 2017 6:47 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 392
Views: 58326

Re: Retirement Account Stolen by Identity theft

EHEngineer - sure. I am having an attorney review the affidavit before I have my father sign it. Transamerica says it will take a week from the time they receive the affidavit.
by brak
Wed Nov 01, 2017 11:38 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 392
Views: 58326

Re: Retirement Account Stolen by Identity theft

There was no non-disclosure agreement.
by brak
Wed Nov 01, 2017 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 392
Views: 58326

Re: Retirement Account Stolen by Identity theft

So today I called Transamerica and pushed harder, but in a polite and respectful way. Said that since the phone agents really did not have much information about the ongoing investigation, I wanted to speak to someone in the fraud crimes unit. I was told that the phone agents do not have a telephone...
by brak
Tue Oct 31, 2017 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 392
Views: 58326

Re: Retirement Account Stolen by Identity theft

Thanks to everyone for hanging in there with me. No further developments to report but will keep you posted.
by brak
Mon Oct 30, 2017 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 392
Views: 58326

Re: Retirement Account Stolen by Identity theft

Thank you Lady Geek. I very much appreciate it.
by brak
Sun Oct 29, 2017 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 392
Views: 58326

Re: Retirement Account Stolen by Identity theft

Oh one other point which may or may not mean anything. Someone was asking why the account was with Transamerica? It was the hospital at which my father worked that hired Transamerica to be the custodian of all of the hospital IRAs. I asked my father if he remembers ever getting a custodian agreement...
by brak
Sun Oct 29, 2017 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 392
Views: 58326

Re: Retirement Account Stolen by Identity theft

Murdoch - I assure you that there is not more to the case than I am disclosing. I plan to begin pushing on Transamerica shortly. I simply want to wait until our police department has dealt with them and I can find out from Regions Bank whatever I can find out, so that I have as much knowledge as pos...
by brak
Sun Oct 29, 2017 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 392
Views: 58326

Re: Retirement Account Stolen by Identity theft

Doom&Gloom - I have already talked with an attorney, have not as yet retained him. Opinion seems to be split here as to when is the best time to bring an attorney if I am reading it right. That's why I put down the sequence of events as I see it. Thanks,
by brak
Sun Oct 29, 2017 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 392
Views: 58326

Re: Retirement Account Stolen by Identity theft

retiredjg - just to clarify, I was asked by the police to follow-up with Regions Bank to ascertain the status of the account. Through snafus on their part, I just recently sent them the paperwork that they required to start an investigation from my end, though Transamerica says they have been in con...
by brak
Sun Oct 29, 2017 7:26 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 392
Views: 58326

Re: Retirement Account Stolen by Identity theft

As always, your advice is great. Here'y plan of attack at this point: 1. give the police this week to call me to see if they were able to light a fire under Transamerica; 2. after police call me, I call Transamerica this week to get a status report; 2. I call Regions Banks this week to see what they...
by brak
Sat Oct 28, 2017 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 392
Views: 58326

Re: Retirement Account Stolen by Identity theft

Thanks DavidRoseMountain..will do! The police have contacted Transamerica and should hear from them this week - will wait until this week passes and then take the prescribed action.
by brak
Sat Oct 28, 2017 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 392
Views: 58326

Re: Retirement Account Stolen by Identity theft

Hi Doom&Gloom - I have a lawyer. What would you have me do at this point? I would appreciate the feedback.
by brak
Sat Oct 28, 2017 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 392
Views: 58326

Re: Retirement Account Stolen by Identity theft

MPTfan - I will try to answer your questions but then I think it may be a good idea move away from this line of discussion, since I think we can round and round on the issue of whether Transamerica provided enough protection on my father's account, unless there are people with expertise who care to ...
by brak
Sat Oct 28, 2017 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 392
Views: 58326

Re: Retirement Account Stolen by Identity theft

From my research, it appears that many institutions have a higher level of protection than does Transamerica. These higher levels of protection include 1. a higher level of password protection, so that a password is created that cannot be gotten from the internet or stolen records, i.e. the name of ...
by brak
Thu Oct 26, 2017 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 392
Views: 58326

Re: Retirement Account Stolen by Identity theft

EHEngineer - no medallion signature requirement, only notary.....thanks.
by brak
Wed Oct 25, 2017 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 392
Views: 58326

Re: Retirement Account Stolen by Identity theft -UPDATE

So here's an update - any input is most welcome. Since the last report: 1. Depending on to whom I talk at Transamerica (IRA custodian), their investigation of this case either has or hasn't begun, and it has or will begin by their asking Regions Bank for the money back. Transamerica will not tell me...
by brak
Wed Oct 25, 2017 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 392
Views: 58326

Re: Retirement Account Stolen by Identity theft

STAY TUNED....UPDATE SHOULD BE COMING LATER TODAY OR TOMORROW...WHAT A JOURNEY!!!! AND BOY, CAN I USE INPUT.
by brak
Thu Oct 19, 2017 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 392
Views: 58326

Re: Retirement Account Stolen by Identity theft

You folks are giving me both great input and support - I really appreciate it. At this point I have briefed an attorney on the case. The recommendation is that next week I call Transamerica, ask them for an update on the investigation, and inform them that it is my expectation that they make this wh...
by brak
Thu Oct 19, 2017 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 392
Views: 58326

Re: Retirement Account Stolen by Identity theft

I was just notified that the case was assigned to a detective on our city's police force. I was given no indication of when I might hear from him or anything else, but I ws given his email address and told that if I have any further further information I should email him.
by brak
Thu Oct 19, 2017 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 392
Views: 58326

Re: Retirement Account Stolen by Identity theft

If anyone would like to double-check me by going to the Transamerica website to check out disputed claims, I would consider it a favor.
by brak
Thu Oct 19, 2017 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 392
Views: 58326

Re: Retirement Account Stolen by Identity theft

From what I can tell from looking at Trans America's website, it appears that the mandatory arbitration does not apply aa my father did not use their website to either open or transact business in the IRA, nor has it been used to deal with Transamerica in any other way other than their sending me fo...