Search found 60 matches

by informal guide
Tue Apr 25, 2017 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Transferring DAF funds from VG to Fidelity
Replies: 9
Views: 478

Re: Transferring DAF funds from VG to Fidelity

We did a transfer the other way - a partial transfer from the Fidelity CGF to a Vanguard Charitable account (not mine - -I only have an account at Fidelity). I did it because the cause I was supporting held their assets in a Vanguard Charitable account. We also moved money successfully from Fidelity...
by informal guide
Mon Apr 24, 2017 4:29 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard NY MMF vs. Savings Accounts
Replies: 4
Views: 496

Re: Vanguard NY MMF vs. Savings Accounts

The SEC yield is after all fund expenses. Bank (or credit union) savings and money market accounts, don't generally charge fees, but they certainly do incur expenses - - the expenses are bundled into the "declared" rate of interest. What this means for investors is that the banks set the i...
by informal guide
Sat Apr 22, 2017 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: IRS refund today!
Replies: 43
Views: 3330

Re: IRS refund today!

I wish I could have e-filed, to get my refund faster. Unfortunately, I had to include a rarely used form this year that is not supported by turbo-tax (Form 926), so I had to mail. As someone who has required minimum distributions from an inherited retirement account, I try to estimate my taxes in mi...
by informal guide
Thu Apr 20, 2017 11:14 am
Forum: Personal Finance (Not Investing)
Topic: How to reduce my income tax
Replies: 31
Views: 3048

Re: How to reduce my income tax

Have you considered a high deductible health plan, coupled with a health savings account? I found the health savings account (HSA) to be great - - if contributions are deducted from your pay, it is truly triple tax free -- unlike 401k accounts, one doesn't even pay FICA and Medicare taxes on the dol...
by informal guide
Thu Apr 20, 2017 11:02 am
Forum: Investing - Help with Personal Investments
Topic: Seven corrections on Vanguard tax information statements
Replies: 2
Views: 512

Seven corrections on Vanguard tax information statements

This year I received seven different corrections on my lengthy Vanguard brokerage tax information statement - -literally more than 300 pages of wasted postage and paper for 1-2 insignificant changes (such as a $1 difference in a tax-exempt bond premium). Each week another one seemed to arrive. I had...
by informal guide
Thu Apr 20, 2017 10:47 am
Forum: Personal Consumer Issues
Topic: Fidelity card 2% but NOT as statement credit
Replies: 27
Views: 2531

Re: Fidelity card 2% but NOT as statement credit

For me, the Fidelity card works well. I certainly like the 2% into my Fidelity account; I also like being able to see balances and access from my Fidelity logon, rather than having to go to a separate logon. I have two minor beefs - one is the 1% foreign transaction fee - -certainly better than some...
by informal guide
Tue Apr 18, 2017 9:29 am
Forum: Personal Consumer Issues
Topic: Cabo San Lucas ?
Replies: 13
Views: 1446

Re: Cabo San Lucas ?

My wife and I love Cabo and have gone there every year since 2008. Significant wealth in the Cabo area is made and lost in local real estate and time shares. You won't get through the airport without being accosted by shills for the business, offering you lots of freebies. If, at any time you do suc...
by informal guide
Mon Apr 03, 2017 10:16 pm
Forum: Investing - Theory, News & General
Topic: Alliant savings now 1.05%
Replies: 8
Views: 1506

Re: Alliant savings now 1.05%

For my short term reserves, I prefer he yield pick-up with a version without FDIC that is a run by Vanguard- - -VFSTX, Short term Investment Grade bond fund, yielding 2.00% or its admiral class equivalent, yielding about 10 bp more (for $50K minimum). If Federal/State taxes are at 35% or higher, I u...
by informal guide
Thu Mar 30, 2017 12:41 pm
Forum: Investing - Theory, News & General
Topic: anyone have AAII membership
Replies: 8
Views: 962

Re: anyone have AAII membership

I joined (as a life member) some 35 years ago. I still get their publications, etc. they do not accept ads, but do have occasional cross marketing campaigns for things like money market funds. My view is they are interesting, with occasional very good articles in their journal. I find their year-end...
by informal guide
Tue Mar 14, 2017 10:25 am
Forum: Investing - Help with Personal Investments
Topic: Need help saving for college in Taxable Account
Replies: 9
Views: 759

Re: Need help saving for college in Taxable Account

We have two children DD - 16 yr and DS - 14 yr. We have saved $110,000 in 529 plans total for both of them. That should cover about 2 years of college expenses for each one of them. 1. Keep funding 529 accounts. Risk here is that if kids get scholarship or get a lot of AP credits then the money in ...
by informal guide
Tue Mar 14, 2017 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Passive Income offset
Replies: 7
Views: 650

Re: Passive Income offset

You might want to consider residential rental real estate, if you feel comfortable with the long term market price changes in a local market. In some localities one can buy a property, with deductible mortgage financing, that can generate positive cash flows but incur passive losses, due to deprecia...
by informal guide
Tue Jan 10, 2017 2:28 pm
Forum: Investing - Theory, News & General
Topic: Fidelity cuts index fund fees (but returns are lower).
Replies: 47
Views: 5530

Re: Fidelity cuts index fund fees (but returns are lower).

I have owned FSTVX in a taxable account for years. Student points out that 2016 performance net of expense ratios versus VTSAX are identical (12.66%). However, for those of us with taxable accounts, Fidelity has distributed taxable capital gains for each of the last two years at an annualized rate ...
by informal guide
Tue Jan 10, 2017 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone went to top 10 business school? Got a 730 on GMAT. Thoughts?
Replies: 25
Views: 7442

Re: Anyone went to top 10 business school? Got a 730 on GMAT. Thoughts?

I second the "go for it" suggestion. You may get some money too. A family member recently applied to several top 10 MBA business schools (after 3 1/2 years of work). She got into 3 of 4 where she applied - -but the interesting thing was that, without her asking or applying, 2 of 3 offered ...
by informal guide
Mon Jan 09, 2017 5:08 pm
Forum: Investing - Theory, News & General
Topic: Fidelity cuts index fund fees (but returns are lower).
Replies: 47
Views: 5530

Re: Fidelity cuts index fund fees (but returns are lower).

I have owned FSTVX in a taxable account for years. Student points out that 2016 performance net of expense ratios versus VTSAX are identical (12.66%). However, for those of us with taxable accounts, Fidelity has distributed taxable capital gains for each of the last two years at an annualized rate o...
by informal guide
Sat Jan 07, 2017 12:08 pm
Forum: Investing - Theory, News & General
Topic: Large cash allocation in Fidelity's index funds
Replies: 13
Views: 1592

Re: Large cash allocation in Fidelity's index funds

My understanding is that index funds frequently have a cash position - --but that they maintain exposure (but do not leverage) to the market being followed with comparable futures positions to ensure a fully invested position. There are two different reasons for doing this - -one, to handle daily ca...
by informal guide
Thu Jan 05, 2017 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: NYS 529 Deduction Question
Replies: 4
Views: 537

Re: NYS 529 Deduction Question

My understanding is there are no carryover provisions in the NY plan (unlike Ohio). However, the good news (in the program description) is that rollover contributions from a non-NY plan to NY plan do get the NYS tax deduction. So you could make a larger contribution to the Ohio or Vanguard Nevada pl...
by informal guide
Fri Dec 09, 2016 9:37 pm
Forum: Personal Consumer Issues
Topic: Vacation ideas in Europe or South America - Feb 18-25??
Replies: 9
Views: 818

Re: Vacation ideas in Europe or South America - Feb 18-25??

An up and coming place my wife and I would recommend is Cartagena, Columbia. Last year there were nonstop flights from Miami and Altanta, among other US gateways to South America. It is a beautiful walled city (going back to 1533) that is tropical in climate and right on the Carribean. One could mak...
by informal guide
Fri Dec 02, 2016 9:21 am
Forum: Investing - Theory, News & General
Topic: Vanguard VA questions
Replies: 5
Views: 601

Re: Vanguard VA questions

The answer to both of your questions is yes. It is good that it is managed by advisor services, because there are no tax consequences of rebalancing within an annuity.
by informal guide
Wed Nov 30, 2016 10:16 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity DAF contribution experience
Replies: 14
Views: 710

Re: Fidelity DAF contribution experience from Vanguard brokerage

I just last week had a very speedy and favorable experience transferring NYSE stocks from my Vanguard brokerage account to my Fidelity DAF. I submitted the Fidelity paperwork (completed totally online from the Fidelity DAF site) directly to Vanguard -- I was told by Vanguard that because it is going...
by informal guide
Mon Nov 21, 2016 9:58 am
Forum: Investing - Help with Personal Investments
Topic: How closely do Vanguard fund and ETF versions track each other?
Replies: 8
Views: 1016

Re: How closely do Vanguard fund and ETF versions track each other?

If you are tax loss harvesting now and have dividend reinvesting, I suggest you turn off the dividend reinvest feature for the security you are tax loss harvesting. VTIAX last year paid its December dividend reinvestment on December 18. If it pays it the same date this year and you reinvest, you wil...
by informal guide
Sun Nov 20, 2016 6:01 pm
Forum: Investing - Help with Personal Investments
Topic: 529 Plan options for NJ residents working in NY
Replies: 12
Views: 1056

Re: 529 Plan Interest accumulation investments in NY and NV

Grok: "To me this is an example of "returnless risk". The yield on this "Vanguard Interest Accumulation Portfolio" is a meager 1.06%. And one has to worry about insurance companies going bust. I'd rather take the 0.36% from the fidelity bank account as it is federally insure...
by informal guide
Sun Nov 20, 2016 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Paid Loss Ratios for Car Insurance
Replies: 7
Views: 731

Re: Paid Loss Ratios for Car Insurance

Gretchen is a talented journalist who is willing to write about a wide variety of financial topics for the Times . One certainly cannot argue with the analysis of loss ratios. However, I am not inclined to agree with her basic conclusion: Companies with higher paid loss ratios dispense more money to...
by informal guide
Sat Nov 19, 2016 8:23 pm
Forum: Personal Consumer Issues
Topic: Dehumidifier for our basement
Replies: 19
Views: 1330

Re: Dehumidifier for our basement

We picked up one of the Chinese ones (Aeonaire) )at our local Costco last summer for a very good price - -if my memory is correct it is a 70 pint model for about $150. It has done wonders for our basement, We built a shelf just above the "slop sink" in the basement and it sits there draini...
by informal guide
Sat Nov 19, 2016 8:05 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2016!
Replies: 234
Views: 28397

Re: Roll Call for the Retirement Class of 2016!

Thanks, Meriam!

But I haven't yet started the dive to understand Medicare signup and options (except for allthe $$ I;ve paid into it!) - -it will be my spring project!
by informal guide
Sat Nov 19, 2016 3:34 pm
Forum: Investing - Help with Personal Investments
Topic: 529 Plan options for NJ residents working in NY
Replies: 12
Views: 1056

Re: 529 Plan options for NJ residents working in NY

two amplifications to Grok87's answer. 1) The math for the impact of the NY/NJ tax situation is rather complex. As I understand it,it comes down to the marginal tax rate for your income level in each state. As long as you pay NY income taxes (remember to include NYC taxes too), you do get the benefi...
by informal guide
Sat Nov 19, 2016 3:08 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2016!
Replies: 234
Views: 28397

Retirement Class of 2016 - COBRA benefit discovered

I retired from a long term financial services job January 31 of 2016, at just over 63 1/2. Talk about reduced stress! But on the other hand,I certainly have needed to and have enjoyed being proactive in business-related and social interactions. I discovered a neat little health care quirk of my reti...
by informal guide
Fri Nov 18, 2016 11:58 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard account upgrade question
Replies: 4
Views: 1019

Re: Vanguard account upgrade question

My understanding is whenever Vanguard "daily accrual" funds, like bond and money market funds (except for inflation-protected funds) are closed or transferred to a brokerage account (the upgrade process or a transfer to another institution or registration at Vanguard), the accrued dividend...
by informal guide
Fri Nov 18, 2016 11:34 am
Forum: Investing - Help with Personal Investments
Topic: Where to park cash - Nov 2016
Replies: 6
Views: 1664

Re: Where to park cash - Nov 2016

My preference, for simplicity sake, is to use one of two Vanguard funds - Short Term Investment Grade or Limited Term Muni bond funds (SEC yields of 1.63% and 1.09%) I typically draw upon these assets once or twice a quarter. I find the downsides of this approach to be more than offset by the upside...
by informal guide
Sun Nov 13, 2016 9:04 am
Forum: Investing - Theory, News & General
Topic: Reinvest dividends or sweep to settlement account
Replies: 20
Views: 1545

Re: Reinvest dividends or sweep to settlement account

IMHO, it depends on whether you are still an accumulator or are drawing down assets for living (i.e., retired), as well as whether the accounts are tax-deferred/exempt (IRA, 529, and HSA). Even as an accumulator in taxable accounts, I prefer to direct dividends to settlement account to avoid the una...
by informal guide
Sat Nov 12, 2016 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: Experience selling car to Carmax?
Replies: 52
Views: 17886

Re: Experience selling car to Carmax?

The one thing to consider when selling a car (whether toCarmax or anyone else) versus trading on a newer car is the sales tax. In our state (PA) one pays sales tax one the net of the car purchased vs. the trade. So unless you get more then 6-7% above your trade value, trading is the easy way and fin...
by informal guide
Thu Nov 10, 2016 9:29 am
Forum: Investing - Help with Personal Investments
Topic: WOW, What a Total Bond and bonds in general drop!
Replies: 37
Views: 6242

Re: WOW, What a Total Bond and bonds in general drop!

I am fine with that movement. My limit order for VCLT (Vanguard long term corporate ETF) finally executed yesterday, having been on the books since June (in an HSA account) . I had some new funds I wanted in the long term bond market (to better balance my shorter than market weight term bond positio...
by informal guide
Thu Nov 10, 2016 9:19 am
Forum: Personal Consumer Issues
Topic: Recommendations carry-on luggage with suiter
Replies: 7
Views: 891

Re: Recommendations carry-on luggage with suiter

Nova1967 wrote:Don't travel with linen shirts


But for comfort and style it is hard to beat a nice linen guayabera in Latin America! :)
by informal guide
Wed Nov 02, 2016 4:38 pm
Forum: Investing - Help with Personal Investments
Topic: Is Vanguard still the best place for my account?
Replies: 32
Views: 3995

Re: Is Vanguard still the best place for my account?

I agree with all the comments above - - i currnetly have acocunts at both Fidelity and Vanguard. It really comes down to what's important to you. Fidelity and Schwab have ATM reimbursements and more capabilities for the very active brokerage traders. Vanguard offers free Vanguard ETF trades and low ...
by informal guide
Sun Oct 23, 2016 5:50 pm
Forum: Investing - Help with Personal Investments
Topic: Emulating Vanguard total stock market
Replies: 10
Views: 996

Re: Emulating Vanguard total stock market

Vanguard recreates the total stock market index in its variable annuity total stock market index portfolio, with the following two funds: 500 Index 82.1% Extended Market Index 17.9% The only issue with this approach is that some defined contgribution plans do not include the extended market index fu...
by informal guide
Sat Oct 22, 2016 12:07 pm
Forum: Personal Consumer Issues
Topic: Cheapskate for not flying business class?
Replies: 81
Views: 7036

Re: Cheapskate for not flying business class?

If one is tempted to fly business on long haul flights, consider a Boglehead approach. We live within 120 miles of several international airports that include non-US flag airlines. If you have the luxury of knowing a couple or more months before your flights, shop Business class prices - -I find the...
by informal guide
Fri Oct 21, 2016 7:28 pm
Forum: Investing - Theory, News & General
Topic: NY Times first in a series about 403(b)s with public K-12
Replies: 121
Views: 14019

Re: NY Times first in a series about 403(b)s with public K-12

I encourage all to read this story. It is truly a travesty for a highly deserving group of beneficiaries! I find the 403(b) suits recently filed against the big university 403(b)s such as Duke and MIT laughable versus the way these deserving folks - particularly public employees not a protected by E...
by informal guide
Mon Oct 17, 2016 6:56 am
Forum: Personal Finance (Not Investing)
Topic: Donating lots of stuff and two cars...
Replies: 11
Views: 1598

Re: Donating lots of stuff and two cars...

Turbotax has free offering called its deductible that I use for tracking my clothing and household goods donations. My wife and daughters are clothes hounds so some years the amount is substantial. My process is to make a list of items (including condition) and take a photo of them and attach it to ...
by informal guide
Thu Oct 13, 2016 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard or Fidelity Brokerage
Replies: 28
Views: 3112

Re: Vanguard or Fidelity Brokerage

I vote for Fidelity. I found the structure of Vanguard confusing, and got no help when I asked for it from them. Basically I had "cash" which was in their MFF, and "buying funds" entailed moving money from one "fund" (my cash MMF) to another type of fund, which confuse...
by informal guide
Wed Oct 12, 2016 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard or Fidelity Brokerage
Replies: 28
Views: 3112

Re: Vanguard or Fidelity Brokerage

I've had brokerage relationships with both for decades and hold dozens of positions with each, including many dividend reinvestment lots. Vanguard has gotten much better than it was, but still comes up short in handling cost basis tracking. On the Fidelity website, I can input my cost basis for for ...
by informal guide
Mon Oct 10, 2016 12:07 pm
Forum: Investing - Help with Personal Investments
Topic: VG's tax exempt MMF yield now competitive with online savings
Replies: 23
Views: 3214

Re: VG's tax exempt MMF yield now competitive with online savings

It is interesting to see the daily cash flows in the tax exempt and other Vanguard money market funds that are now disclosed on the Web. https://personal.vanguard.com/us/funds/snapshot?FundIntExt=INT&FundId=0045#tab=2 The changes associated with money market reform have certainly impacted those ...
by informal guide
Tue Oct 04, 2016 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Retirement based on not on #, but healthcare?
Replies: 62
Views: 4824

Re: Retirement based on not on #, but healthcare?

Obamacare policies are based on age, so the premiums are brutal for people in their early 60s. Dottie57 has a good idea about 63.5 and then use COBRA until Medicare kicks in. You could also get on a spouse plan if your spouse has access to one. I also retired at 63.5, and am using COBRA until I hit...
by informal guide
Mon Oct 03, 2016 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Anyone have experience using LLC for family 2nd home?
Replies: 3
Views: 1045

Re: Anyone have experience using LLC for family 2nd home?

Two brothers and I set up a NJ LLC in 2013 for this purpose (none of us reside in NJ) that, indeed, owns a second house that our families share - one that was formerly owned outright by our late mother. We get along famously, but we set it up to memorialize decision making and facilitate transfers w...
by informal guide
Sat Oct 01, 2016 8:53 pm
Forum: Investing - Help with Personal Investments
Topic: Tax on capital gains earnings withdrawn from 529 Plan
Replies: 3
Views: 370

Re: Tax on capital gains earnings withdrawn from 529 Plan

All earnings are taxed from non-qualified withdrawals as ordinary income (that is, the amount over what you put into the 529) without the lower rate for dividends and capital gains. There are exceptions to 10% tax penalty - -it does not apply to, among other things, amounts withdrawn because the ben...
by informal guide
Fri Sep 30, 2016 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance - Best Way to Buy
Replies: 9
Views: 856

Re: Term Life Insurance - Best Way to Buy

Also, I'd suggest you consider lower rated companies if you are looking at term insurance (maybe down to Single A). They tend to be more competitive in rates and my understanding is that, historically, even life companies who go into rehabilitation (e.g., Mutual Benefit and Executive Life) have paid...
by informal guide
Fri Sep 30, 2016 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Term insurance cost after initial term - typical increase?
Replies: 16
Views: 1808

Re: Term insurance cost after initial term - typical increase?

I had a 10 year term for around $1 MM, taken out in 2001 or so. I was in good health, and knew my kids would be out of college when the 10 years expired. The new premium billed in 2012 was 12X (well over $20K) the old premium - -that made for a very easy decision to drop. Instead I substituted half ...
by informal guide
Thu Sep 29, 2016 6:19 pm
Forum: Investing - Theory, News & General
Topic: why not just buy BRK
Replies: 91
Views: 8981

Re: why not just buy BRK

Interesting thread! In the 80's I bought 2 shares of BRK (before the days of A and B shares) - -certainly a big investment, but less than several other individual securities I then owned.. It was then likely about 7% of my stock portfolio (then I held little in mutual funds).Today the value of it is...
by informal guide
Tue Sep 27, 2016 11:44 am
Forum: Investing - Theory, News & General
Topic: Variable SPIA: Why Not?
Replies: 18
Views: 1494

Re: Variable SPIA: Why Not?

If one is convinced that a SPIA is appropriate (a big if!) the question is the mortality assumptions that go into calculating the initial (variable) payout and the comfort level with a variable payment. Also, the backing for variable SPIA's are indeed the "separate accounts" that hold mutu...
by informal guide
Tue Sep 27, 2016 11:13 am
Forum: Investing - Help with Personal Investments
Topic: HSA transfer question / Help
Replies: 6
Views: 637

Re: HSA transfer question / Help

I am confident that HSA Administrators would be glad to help you do a transfer to them. A few months ago I did an HSA transfer from HSA Administrators to a Fidelity HSA (Apparently HSA's are only available at Fidelity to individuals who work or worked for a company where Fidelity was a provider - -t...
by informal guide
Sun Sep 25, 2016 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Relocating from place with no state tax to a place with state tax
Replies: 9
Views: 1361

Re: Relocating from place with no state tax to a place with state tax

One side comment about your upcoming move. If you are saving for a child or grandchild's college education, I'd suggest you consider postponing any 529 plan contributions until you get to Colorado. Colorado offers an unlimited state income tax deduction for contributions to Colorado 529 plans. The C...

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