Search found 4230 matches

by dratkinson
Fri Jul 20, 2018 7:12 pm
Forum: Investing - Help with Personal Investments
Topic: $800,000 Windfall. Love the 3-Fund portfolio approach. Wealth Managers in contact
Replies: 31
Views: 3238

Re: $800,000 Windfall. Love the 3-Fund portfolio approach. Wealth Managers in contact

BH $800,000 windfall. Love the 3-fund portfolio. Question. Are you planning to retire in the US? I ask because you said this was a US windfall, implying you might have other country options. If “Yes, you will retire in another country”, then some answers might change to increase tax efficiency. (I’m...
by dratkinson
Thu Jul 19, 2018 4:37 pm
Forum: Investing - Theory, News & General
Topic: I may have understood why it's so hard to save and invest
Replies: 62
Views: 6891

Re: I may have understood why it's so hard to save and invest

This is one advantage of automating the process. Do the work once to have the money automatically taken out of your paycheck (or bank account). Then you can sit back and relax while you slowly build up your investments. Try not to look at the balance too often, especially when the market is going d...
by dratkinson
Tue Jul 17, 2018 3:48 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for young colleague please
Replies: 26
Views: 2051

Re: Advice for young colleague please

"Part of what you earn is your's to keep." Recall reading this in the book The Richest Man in Babylon . Also recall it has an interesting idea on "getting out of debt". Your friend earns $80K/yr, is ~$40K (= $1.4K Chase + $3K Amex + $5K auto + $33K student loans) in debt, and if she has saved less t...
by dratkinson
Mon Jul 16, 2018 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: For those of you who handle all the finances, how do you keep your spouse "in the know"
Replies: 107
Views: 12627

Re: For those of you who handle all the finances, how do you keep your spouse "in the know"

All my information is kept as paper in a locking file cabinet. But I did worry that I might need access to something if I were every away from home for an extended time. What to do? Remote access solution. (1) I wrote all needed information into a text file. (2) Then I used a utility intended to cre...
by dratkinson
Sun Jul 15, 2018 5:06 pm
Forum: Investing - Help with Personal Investments
Topic: need help pls
Replies: 19
Views: 1044

Re: need help pls

Previously mentioned tax programs. Research them to see if you can use them. --Savers tax credit: https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-savings-contributions-savers-credit --Earned income tax credit: https://www.irs.gov/credits-deductions/individuals/earned-income...
by dratkinson
Sat Jul 14, 2018 9:16 pm
Forum: Personal Consumer Issues
Topic: manual typewriters?
Replies: 43
Views: 2377

Re: manual typewriters?

I have a Smith Corona portable around here somewhere. (Looked, can't find it.) Parents bought it in the late '60s when I took a HS typing class. Then it followed me to college. Recall developing a rudimentary form of cut and paste to write a report. I assemble all of my notes by stapling them to not...
by dratkinson
Sat Jul 14, 2018 6:56 pm
Forum: Investing - Help with Personal Investments
Topic: portfolio help
Replies: 12
Views: 846

Re: portfolio help

Forgot something. What? Once you've paid off your mortgage, if you need to, you can get a reverse mortgage to help make ends meets. My neighbor had a reverse mortgage. Believe she received ~50% of the home's appraised value and took the money as a monthly payment---like withdrawing from a HELOC. Qui...
by dratkinson
Sat Jul 14, 2018 5:37 pm
Forum: Investing - Theory, News & General
Topic: [How do I transfer money from Vanguard New York Municipal Money Market Fund?]
Replies: 14
Views: 631

Re: [How do I transfer money from Vanguard New York Municipal Money Market Fund?]

Mmkt funds are regulated by Investment Company Act of 1940 (act of congress), not banking regulations. So the banking limitation of 6-withdrawals/mo (savings/mmkt accounts) does not apply. Your money is generally available upon demand, but there many be restrictions upon redemptions, and if so then ...
by dratkinson
Fri Jul 13, 2018 8:17 pm
Forum: Investing - Help with Personal Investments
Topic: New 18 year old need advice
Replies: 15
Views: 834

Re: New 18 year old need advice

^^^ I was editing while you were replying, so you missed the new section "gift tax" (under 529 plan). Otherwise I only made minor tweaks to wording in other sections. But please quickly rescan to ensure you didn't missing anything that might change your understanding. Chase 1yr CD rate? Had to go lo...
by dratkinson
Fri Jul 13, 2018 7:02 pm
Forum: Investing - Help with Personal Investments
Topic: New 18 year old need advice
Replies: 15
Views: 834

Re: New 18 year old need advice

BH New 18 year old need advice. Agree. You may want to invest in some experiences between semesters, and after graduation before starting work. Agree. Putting your mother’s $30K into savings/CD-ladder sounds like a good plan to pay for your known college expenses. You could do this today: --$7K into...
by dratkinson
Thu Jul 12, 2018 8:52 pm
Forum: Investing - Help with Personal Investments
Topic: portfolio help
Replies: 12
Views: 846

Re: portfolio help

BH portfolio help. looking for advice with current allocation of retirement funds/assets. We are a couple both 65, wife is retired with a STRS pension of $3500 per month, I am considering taking my SS later this year when I reach 66, will receive $1320/month. Currently have $150,000 in cash, and $35...
by dratkinson
Thu Jul 12, 2018 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency fund checkup
Replies: 19
Views: 1481

Re: Emergency fund checkup

OP here, I'd like to reiterate that I'm not asking for advice for about where to put my emergency fund nor wether or not to save for moving expenses. I'm only asking as to whether or not I have reasonably estimated all one-time costs associated with selling a ~$300k house, moving ~1500 miles, and b...
by dratkinson
Wed Jul 11, 2018 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency fund checkup
Replies: 19
Views: 1481

Re: Emergency fund checkup

What are you missing? An EF should be refillable. A rIRA (all your tax-advantaged accounts) is not. If you remove $5K from your rIRA to pay for this move, you'll lose the otherwise tax-free market growth from now until withdrawn in retirement. Assume 7% market growth over 40yrs and you are giving up...
by dratkinson
Wed Jul 11, 2018 1:44 pm
Forum: Investing - Help with Personal Investments
Topic: Any Dry Powder Strategies?
Replies: 103
Views: 5803

Re: Any Dry Powder Strategies?

BH Any Dry Powder Strategies Yeah, money in equities is not "dry powder". Of course it isn't. The dry powder is the 40% bonds in the Balance Index Fund. Depends on "how dry". There are degrees of "dry powder" from dry to really dry. The fixed portion of Balanced Income Fund is "dry". CD's or CD ladd...
by dratkinson
Tue Jul 10, 2018 8:19 pm
Forum: Investing - Help with Personal Investments
Topic: What's up with Wells Fargo
Replies: 27
Views: 2876

Re: What's up with Wells Fargo

Hope OP's 3-fund portfolio is cheap and not a WF special. I'm assuming if there is activity in the account, then it is not an abandoned account. I have a low-balance savings account at a local B&M CU just to have a local financial home and a place to walk in, deposit checks, and withdraw cash. One y...
by dratkinson
Sat Jul 07, 2018 5:55 pm
Forum: Investing - Help with Personal Investments
Topic: Finding an adviser for lower-income immigrant couple?
Replies: 13
Views: 1025

Re: Finding an adviser for lower-income immigrant couple?

BH Finding an adviser for lower-income immigrant couple. Agree. They should find a cheaper bank. Might want to look into moving their banking to a credit union. Why? Lower cost. My COOP-linked CU has a free zero-interest checking option, mails monthly statements, and has an 800# for phone access to ...
by dratkinson
Fri Jul 06, 2018 6:59 pm
Forum: Personal Consumer Issues
Topic: Car Title - How do I have it reissued across State lines
Replies: 6
Views: 763

Re: Car Title - How do I have it reissued across State lines

Remember sending something to WY when my vehicle was paid off; that may have resulted in a reissued title. When I registered my vehicle in CO, was told by DMV that "re-titling to CO costs money and gets you nothing." So left it titled where I bought it, in WY. WY didn't care that I left it titled th...
by dratkinson
Fri Jul 06, 2018 2:46 pm
Forum: Investing - Theory, News & General
Topic: Capping Emergency Fund
Replies: 53
Views: 4776

Re: Capping Emergency Fund

I believe 6-12mos of liquid savings is about right for a 1st-tier EF (checking, savings, mmkt, CDs,...). Why? --I worry about liquidity if I have only 6mos. --I worry about lost return if I have more than 12mos. Keeping 6-12mos in 1st-tier EFs seems to be the sweet spot to avoid day-to-day worry (li...
by dratkinson
Fri Jul 06, 2018 2:30 pm
Forum: Investing - Theory, News & General
Topic: “We have a lot to do, and very little time, so we must work slowly.”
Replies: 21
Views: 3857

Re: “We have a lot to do, and very little time, so we must work slowly.”

"There is never enough time to do it right the first time, but there is always enough time to do it over." Related to Murphy's law.
by dratkinson
Thu Jul 05, 2018 11:39 am
Forum: Investing - Help with Personal Investments
Topic: 47 and clueless - direction needed
Replies: 60
Views: 8235

Re: 47 and clueless - direction needed

... [Thanks.] Taking a break now. Happy 4th of July!! :sharebeer Looks like you've made a good start. Return when you are ready to take the next bite out of the elephant. When you do return, it would be better to resume in a new topic. Why? Otherwise your current situation description/questions wou...
by dratkinson
Mon Jul 02, 2018 3:08 am
Forum: Investing - Help with Personal Investments
Topic: 47 and clueless - direction needed
Replies: 60
Views: 8235

Re: 47 and clueless - direction needed

... I have definitely gone in circles looking at Target Retirement 2040 fund, LifeStrategy Growth 80/20 and LifeStrategy Moderate Growth 60/40. I moved the TR 2040 fund off the table because I didn't really want it changing on me at the wrong time or any surprises. I chose the LS Growth 80/20 becau...
by dratkinson
Sun Jul 01, 2018 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: What are these Bank & Credit Union Fees?
Replies: 16
Views: 1455

Re: What are these Bank & Credit Union Fees?

I've recently rediscovered that my bank and CU have telephone access systems (bank by phone). And have begun using that to check account balances, transactions completed,... because it's faster than going online or waiting on the phone to talk to a human.
by dratkinson
Sun Jul 01, 2018 1:40 pm
Forum: Investing - Help with Personal Investments
Topic: 47 and clueless - direction needed
Replies: 60
Views: 8235

Re: 47 and clueless - direction needed

... To update: 1. I have done an "in kind" transfer w/ both of the funds I had, FBLAX (Franklin Balanced Fund Class A) and FKINX (Franklin Income Fund Class A) 2. Within that transfer time the price of them dropped a bit (of course) and I really wanted to "time" the market but from ALL of my readin...
by dratkinson
Sat Jun 30, 2018 10:45 am
Forum: Investing - Help with Personal Investments
Topic: Need help starting with taxable investing
Replies: 9
Views: 620

Re: Need help starting with taxable investing

Extended EF tier. If you use your EF (emergency fund) for a home down payment, then you will have no EF to fix the small things you find when you move in. To that end, maybe you would want to consider building an extended EF tier. VTSMX is part of the recommended 3-fund portfolio which also include...
by dratkinson
Sat Jun 30, 2018 8:33 am
Forum: Investing - Help with Personal Investments
Topic: Need some math help with Solin based portfolio
Replies: 9
Views: 809

Re: Need some math help with Solin based portfolio

Could use M*'s Xray feature.
--See what sector weights are created by Solin's recommended portfolio.
--Then attempt to replicate it by starting with VTSMX and adding sector funds to create similar weights.

Achieving an approximate match is probably good enough.
by dratkinson
Fri Jun 29, 2018 12:28 pm
Forum: Investing - Help with Personal Investments
Topic: 47 and clueless - direction needed
Replies: 60
Views: 8235

Re: 47 and clueless - direction needed

This article* provides links to recommended calculators to help you wag your retirement finances. See: Financial Calculators: http://www.humbledollar.com/money-guide/financial-calculators/ * Author is a respected financial writer and suggests we use 6% as a conservative growth rate in our retirement...
by dratkinson
Mon Jun 25, 2018 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Why tax amount determined by software lower than schedule?
Replies: 8
Views: 804

Re: Why tax amount determined by software lower than schedule?

Been there, done that.

1040 line 44, says see instructions.

Instructions, last sentence, says use CG worksheet if you meet conditions.

It's a useful exercise to work through the CG worksheet, as it reinforces the wisdom in the Wiki topic on "Principles of tax-efficient fund placement".
by dratkinson
Mon Jun 25, 2018 8:40 am
Forum: Investing - Help with Personal Investments
Topic: Caps Gains Tax Strategy
Replies: 12
Views: 1104

Re: Caps Gains Tax Strategy

Option. Be happy. You have a $40K after-tax profit in less than 1yr. Do it again. Option. To avoid the STCG tax, can donate the proceeds to your favorite charity. Though I seem to recall from forum discussions that the tax consequences are better if you donate appreciated shares, rather than the pro...
by dratkinson
Thu Jun 21, 2018 8:24 pm
Forum: Investing - Help with Personal Investments
Topic: Evaluate me? and appreciated advice taken
Replies: 9
Views: 1049

Re: Evaluate me? and appreciated advice taken

This is another option: 457. --Vanguard TR ~2055 (=2018 + (65-28)) IRA. --Vanguard TR ~2055 Taxable brokerage account at Vanguard. (Use ETF share class if taxable brokerage at Fidelity.) --VTSMX --VGTSX or VFWIX --VMLTX --VCITX Why? Simplicity. --Vanguard will manage your TA (tax-advantaged) account...
by dratkinson
Thu Jun 21, 2018 7:54 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes for buy fund from selling other funds?
Replies: 11
Views: 656

Re: Taxes for buy fund from selling other funds?

... I am in North Carolina. I already have $11k in Total Bond market ETF. Should I switch it to VWITX ? I would. I did. But! I only made that decision after living with safer bonds for ~5yrs after my forum review. During that time I was learning more about investing (reading some of the recommended...
by dratkinson
Thu Jun 21, 2018 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Taxes for buy fund from selling other funds?
Replies: 11
Views: 656

Re: Taxes for buy fund from selling other funds?

Capital gains taxes. --The shares you've owned for 1yr or less are taxed at your STCG (short-term capital gains) rate. --The shares you've owned for MORE than 1yr are taxed at your LTCG (long-term capital gains) rate. The taxes on investment incomes seems to be the old fed tax bracket rates, not the...
by dratkinson
Thu Jun 21, 2018 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Best books for teens about money/debt/credit cards/power of compounding interest, etc.?
Replies: 9
Views: 864

Re: Best books for teens about money/debt/credit cards/power of compounding interest, etc.?

I give these 3 books as graduation gifts. -- The Only Investment Guide You’ll Every Need , Andrew Tobias. Cover personal finance topics. ( How to Make the Most of Your Money , Jane Bryant Quinn, is also reported to be good, but I've never read it.) -- The Boglehead’s Guide to Investing : structured ...
by dratkinson
Thu Jun 21, 2018 9:04 am
Forum: Investing - Help with Personal Investments
Topic: Evaluate me? and appreciated advice taken
Replies: 9
Views: 1049

Re: Evaluate me? and appreciated advice taken

What options (symbol, name, expense ratio) do you have in your 457 plan? What are you currently using? An all-in-one target-date retirement fund would be easy to live with if available in your 457. And in your IRA. All-in-one funds are not recommended for taxable account due to use of taxable bonds....
by dratkinson
Wed Jun 20, 2018 10:01 pm
Forum: Investing - Help with Personal Investments
Topic: 47 and clueless - direction needed
Replies: 60
Views: 8235

Re: 47 and clueless - direction needed

... Sorry, I'm just trying to understand the fees and mistakes of my past so I can understand and make better choices moving forward. Please tell me they make it complicated on purpose so I don't feel like a complete dork. Search Investopedia for a description of investing fees. Search: http://www....
by dratkinson
Wed Jun 20, 2018 11:25 am
Forum: Investing - Help with Personal Investments
Topic: NEW Here! 401K/IRA - AA Assistance
Replies: 3
Views: 316

Re: NEW Here! 401K/IRA - AA Assistance

Option: Tax-exempt municipal bond fund. The 22% tax bracket is a little low for using municipal bonds in taxable, but I do it. (Required ~5yrs before I decided it was an okay choice for me.) Given that you want to bring your investments into line with the 3-fund portfolio, your logical bond choice i...
by dratkinson
Mon Jun 18, 2018 8:33 pm
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 1115
Views: 271060

Re: Best watch for around $5,000?

I wouldn't mind having a new watch, but I'd want it to be constructed to avoid the need for periodic maintenance and return trips to the jeweler. Desired features --solar powered --battery that does not need to be changed --time set by WWV --style---simple dress watch in bright or black stainless st...
by dratkinson
Sat Jun 16, 2018 8:39 pm
Forum: Personal Consumer Issues
Topic: A vehicle that "sits up" but can't afford CRV
Replies: 63
Views: 5303

Re: A vehicle that "sits up" but can't afford CRV

If she loves the CRV, then I'd opt to have it repaired. This is what I've done to maintain a '90 Montero. It's major repairs have cost less than 1yr of new car payments. And those repairs have been ~10yrs apart. The last repair was for approximately its blue book value. I keep it running since I can...
by dratkinson
Sat Jun 16, 2018 8:14 pm
Forum: Personal Consumer Issues
Topic: convert 4 wire to a 3 wire switch
Replies: 15
Views: 1605

Re: convert 4 wire to a 3 wire switch

Could return the switch and install a solar module on the porch light. Options to automate the porch light and bypass the switch rewiring issue. --Install a screw-in solar module inside the porch light. --Install a post lamp solar controller in a spacer box that moves the porch light ~1 inch from th...
by dratkinson
Sat Jun 16, 2018 7:18 pm
Forum: Investing - Help with Personal Investments
Topic: 47 and clueless - direction needed
Replies: 60
Views: 8235

Re: 47 and clueless - direction needed

BH 47 and clueless, direction needed Age 47 Income $33K Annual living expense $14K ($1200/month) Federal tax rate 12%, Indiana tax rate 3.23% Emergency fund (EF) $10K. Insurances, property taxes, vehicle registration,… covered separately. Home paid for. Annual retirement contributions $6K, but plan...
by dratkinson
Fri Jun 15, 2018 9:24 pm
Forum: Investing - Help with Personal Investments
Topic: 47 and clueless - direction needed
Replies: 60
Views: 8235

Re: 47 and clueless - direction needed

BH 47 and clueless, direction needed Age 47 Income $33K Annual living expense $14K ($1200/month) Federal tax rate 12%, Indiana tax rate 3.23% Emergency fund (EF) $10K. Insurances, property taxes, vehicle registration,… covered separately. Home paid for. Annual retirement contributions $6K, but plann...
by dratkinson
Thu Jun 14, 2018 10:34 am
Forum: Investing - Help with Personal Investments
Topic: 47 and clueless - direction needed
Replies: 60
Views: 8235

Re: 47 and clueless - direction needed

Sorry about your F-T problems, but it is a simple matter to get onto a better path. Decide where you want to move your IRA (Vanguard, Fidelity,...). Call them and they can walk you through the process of setting up your new account. Then they will do the work to move your old IRA from F-T, so you do...
by dratkinson
Tue Jun 12, 2018 9:01 pm
Forum: Investing - Help with Personal Investments
Topic: Next Steps for Single 34 Year Old with Savings and Roth IRA (VASGX)
Replies: 37
Views: 3175

Re: Next Steps for Single 34 Year Old with Savings and Roth IRA (VASGX)

BH Next Steps for Single 34 Year Old with Savings and Roth IRA (VASGX) Without knowing your plans for the future, it's a little difficult to provide exact guidance. So I'll be general. Assumptions. --Your major goal is to save more for retirement. --You are paying into SS. --If you have sufficient s...
by dratkinson
Mon Jun 11, 2018 5:06 pm
Forum: Personal Consumer Issues
Topic: Light Camping Trailer
Replies: 42
Views: 3582

Re: Light Camping Trailer

Check out the Teardrop and Tiny Travel Trailer forum.
See: http://tnttt.com/

Careful thought, as it can be as addictive as the BH forum.
by dratkinson
Mon Jun 11, 2018 4:47 pm
Forum: Personal Consumer Issues
Topic: Two Year Old Leftover Car
Replies: 15
Views: 1415

Re: Two Year Old Leftover Car

If the 2017-2018 safety features are similar, I'd consider the 2017. What does your insurance company say a 2017 model is worth if totaled as soon as you take it off the lot? I'd want to pay considerably less than that. I'd start by offering 75% of what the insurance company says they'd pay for it t...
by dratkinson
Sat Jun 09, 2018 8:00 pm
Forum: Investing - Theory, News & General
Topic: Why Edward Jones?
Replies: 76
Views: 12570

Re: Why Edward Jones?

... The fiduciary rule is making things confusing for me - why would they get rid of it? I think since I’m in a position of coming from a career where I was able to save a lot and be ready for retirement early If I wanted, I have less external pressures on conflict of interest. Internally I won’t t...
by dratkinson
Sat Jun 09, 2018 6:14 pm
Forum: Investing - Theory, News & General
Topic: Why Edward Jones?
Replies: 76
Views: 12570

Re: Why Edward Jones?

... At my son's work, a Morgan Stanley financial advisor made the rounds and asked him where he kept his investments. My son replied, "At Vanguard." The Morgan Stanley guy made a face, "Oooh, you settle for just average." If I had been your son, I would have been tempted to reply, “Safe from the li...
by dratkinson
Thu Jun 07, 2018 9:28 pm
Forum: Personal Consumer Issues
Topic: To remove coffee tea stain from mug, use QxyClean
Replies: 9
Views: 1020

To remove coffee tea stain from mug, use QxyClean

It was time to knock back the stains in my mug. Never had much success with multiple different cleaners as they required a lot of scrubbing to remove only a little stain each time so required several cleaning over multiple days to clean a mug. Long story short. This time I tried a little generic oxy...
by dratkinson
Thu Jun 07, 2018 3:22 am
Forum: Investing - Theory, News & General
Topic: Understanding Vanguard statement
Replies: 41
Views: 2653

Re: Understanding Vanguard statement

BH Understanding Vanguard statement I started from an_asker's work to see if I could understand what was happening. No joy. Found some discrepancies that should be double-checked before we can proceed. Purchases and Withdrawals 60,250 Market Apprec/deprec 573 Div, interest and cap gains 8 Value on A...
by dratkinson
Wed Jun 06, 2018 2:48 pm
Forum: Investing - Theory, News & General
Topic: Understanding Vanguard statement
Replies: 41
Views: 2653

Re: Understanding Vanguard statement

I aligned everything in columns, but when submitted it came out different (bad), as in above post. Hopefully you can read it with a little effort. ALL of your aligned text must be BETWEEN the code brackets. In your work above, the majority of your text is BELOW the code brackets. Try it again. You ...
by dratkinson
Wed Jun 06, 2018 5:41 am
Forum: Investing - Theory, News & General
Topic: Understanding Vanguard statement
Replies: 41
Views: 2653

Re: Understanding Vanguard statement

Don't know how to use code tools dratkinson, but wish I did so I could simulate the look of statement. I don't think I am able to formulate my questions any better, so thanks for everyone trying to help. It just seems like the Purchases number is arbitrary so that the Purchases + Appreciation + div...