Search found 3198 matches

by kenschmidt
Sat Jan 21, 2017 4:38 pm
Forum: Investing - Help with Personal Investments
Topic: ACH problem with Vanguard
Replies: 6
Views: 423

Re: ACH problem with Vanguard

I would ask to escalate this quickly at Vanguard. There is money missing from your account and that is serious. I would speak to a supervisor and / or ask to speak to some in Compliance or Legal. I would do the same at the bank. There is money missing and that is a big no no at a financial instituti...
by kenschmidt
Sat Jan 21, 2017 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Medical Charges vs Contract Price - Non Covered Work
Replies: 64
Views: 1882

Re: Medical Charges vs Contract Price - Non Covered Work

It is a screwed up system. I understand why you are aggravated, I would be too. $150 is probably too low of a charge - after all, the doctor came three times if I understand correctly. That's only $50 per visit which is really low to me. It wouldn't cover what I would expect to make to perform work,...
by kenschmidt
Sat Jan 21, 2017 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Pension plan termination options - advice sought
Replies: 6
Views: 600

Re: Pension plan termination options - advice sought

It is impossible to decide without some numbers. Lump sum amount, monthly payment amount, terms of the deal with the insurance company, etc. That said, if it is a relatively small amount, the easiest option might be to take the lump sum and roll it into a rollover IRA. I have a rollover IRA at Vamgu...
by kenschmidt
Thu Jan 19, 2017 7:29 pm
Forum: Investing - Theory, News & General
Topic: When Bad Things Happen to Good Funds
Replies: 6
Views: 1252

Re: When Bad Things Happen to Good Funds

I still hold some active funds, but I do look for relatively low cost and especially in my opinion, low turnover, which I believe is a silent killer of performance. One big complaint I have of many active funds is that as they have some success and gather more assets, they never seem to pass any eco...
by kenschmidt
Thu Jan 19, 2017 6:48 pm
Forum: Investing - Help with Personal Investments
Topic: Pension options vs Term-Life policy
Replies: 11
Views: 721

Re: Pension options vs Term-Life policy

In fairness to this forum, I think that if you had omitted the Christie comments from your original post, you would have likely avoided some or all of the unwanted commentary. You have a nice pension, a nice salary and a good opportunity to retire at a relatively young age. I would bet you worked ve...
by kenschmidt
Thu Jan 19, 2017 3:45 pm
Forum: Personal Consumer Issues
Topic: should I scrap my car after this accident
Replies: 23
Views: 1258

Re: should I scrap my car after this accident

Based on a quick search of used cars, the CarMax offer was, ahem, not a good one. Let's leave it at that since this is a family forum. Value on your car pre-accident was much closer to the $13k the adjuster quoted you unless there was some other damage or condition problem with your car. So, I would...
by kenschmidt
Wed Jan 18, 2017 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: ok to pull plug and retire?
Replies: 51
Views: 6355

Re: ok to pull plug and retire?

You had me at $9.8 million. Your withdrawal rate will be below 2%; you should be in great shape to retire whenever you'd like.
by kenschmidt
Tue Jan 17, 2017 12:55 pm
Forum: Investing - Theory, News & General
Topic: Spending HSA money versus other
Replies: 21
Views: 1927

Re: Spending HSA money versus other

Are you maxing out other tax deferral accounts that have better expense ratios such as IRA or 401(k)? Your strategy does make sense if you are using all of the other options already; if not, you'd probably be better served putting your cash into an IRA at Vanguard than using that cash for medical ex...
by kenschmidt
Mon Jan 16, 2017 5:54 pm
Forum: Investing - Theory, News & General
Topic: Selling Old Coins?
Replies: 20
Views: 1504

Re: Selling Old Coins?

Hello Taylor - If these are non-collectible coins (if I am understanding you correctly), they will still have value as silver bullion. This would include silver dollars, half dollars, quarters and dimes minted before 1965. They can be sold online at sites such as Provident Metals (http://www.provide...
by kenschmidt
Mon Jan 16, 2017 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Why nobody understands importance of high-deductible insurance?
Replies: 115
Views: 10062

Re: Why nobody understands importance of high-deductible insurance?

i would imagine the average Boglehead would have no problem writing a check on the spot for $1000 or more while for the average person this would be a major problem. It might not be for the average person if they stopped paying so much in premiums for a comprehensive style insurance policy with low...
by kenschmidt
Sun Jan 15, 2017 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Why nobody understands importance of high-deductible insurance?
Replies: 115
Views: 10062

Re: Why nobody understands importance of high-deductible insurance?

DSInvestor wrote:IMO, high deductible insurance is great if one has cash reserves with which to meet the higher deductible. Many do not.


Agreed. I would imagine the average Boglehead would have no problem writing a check on the spot for $1000 or more while for the average person this would be a major problem.
by kenschmidt
Sun Jan 15, 2017 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Amended return question
Replies: 2
Views: 204

Re: Amended return question

You would file a 1040X; this looks somewhat like the 1040 form except you only fill in numbers that have changed from the original 1040 you filed and recalculate the taxes due or overpaid. Any tax software can guide you through this or you can do it by hand; it is not too difficult.
by kenschmidt
Sun Jan 15, 2017 2:26 pm
Forum: Personal Consumer Issues
Topic: How High is Your TV?
Replies: 41
Views: 3333

Re: How High is Your TV?

When we switched to a flat panel TV, we bought a new stand for it; it is about 20 inches high. With our 60" TV, it works well as the center of the screen is approximately eye level when sitting. I too do not like looking up at TVs mounted high above a fireplace for example. There are stands you...
by kenschmidt
Sun Jan 15, 2017 2:20 pm
Forum: Personal Consumer Issues
Topic: Streaming TV for Elderly Parents
Replies: 39
Views: 2799

Re: Streaming TV for Elderly Parents

Are you sure this is a good idea for your parents? Just because it is cheaper does not make it better. My mom is 85 and lives alone. TV is company for her. She doesn't understand streaming or having different types if input. What you are describing would be a diasaster. Carefully evaluate the entir...
by kenschmidt
Sat Jan 14, 2017 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: New vs. Used Car Purchase
Replies: 26
Views: 1741

Re: New vs. Used Car Purchase

Buying new is always a waste of money. There is a big depreciation from brand new to even one year old. This steep drop in value continues, less dramatically, for the next few years. Buying a relatively low mileage car at 3-5 years old seems the most economical. They should still be in good shape w...
by kenschmidt
Sat Jan 14, 2017 2:51 pm
Forum: Personal Consumer Issues
Topic: Upgrade or just buy new? [Computer]
Replies: 44
Views: 2433

Re: Upgrade or just buy new?

When did you buy your PC and what are its general specs (processor, memory, HD size, monitor size, etc.)?

Most likely, you should just buy a new PC and go ahead and treat yourself to a new monitor as well unless your current monitor is larger than say 19 inches.
by kenschmidt
Sat Jan 14, 2017 1:07 pm
Forum: Investing - Help with Personal Investments
Topic: I can do this. Right?
Replies: 6
Views: 700

Re: I can do this. Right?

I agree with the others that it seems tight. As a state employee, are you eligible for any type of pension payment when you retire or in the future?
by kenschmidt
Sat Jan 14, 2017 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Very confused with W4 Allowances
Replies: 33
Views: 2368

Re: Very confused with W4 Allowances

The calculator posted above should get you there, but as a more simple back of the envelope calculation, adding a child will net you a $1000 tax credit and a dependent exemption that will be roughly equivalent to another $1000 in taxes saved at the 25% tax bracket. So, roughly speaking, you will owe...
by kenschmidt
Sat Jan 14, 2017 11:14 am
Forum: Personal Finance (Not Investing)
Topic: 225th anniversary lady liberty coin
Replies: 14
Views: 1388

Re: 225th anniversary lady liberty coin

It will always have a floor price equal to the value of the gold in the coin; I think you are correct in that this coin will be priced similarly to other mint products - i.e., a fairly modest premium over the spot price of gold. It is a collectible coin and so it's future value will be determined by...
by kenschmidt
Fri Jan 13, 2017 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Integrating American Opportunity Tax Credit and 529 Withdrawals
Replies: 16
Views: 655

Re: Integrating American Opportunity Tax Credit and 529 Withdrawals

That's what we do: always paid at least $4,000 in tuition and a lot of the rest from a 529 plan. I've never seen anything that discouraged this, so I'm curious what you've been reading. I can say that tax software (TurboTax, HRBlock) doesn't ask questions that would suggest this, but one can certai...
by kenschmidt
Fri Jan 13, 2017 8:06 am
Forum: Personal Consumer Issues
Topic: what local pharmacy?
Replies: 57
Views: 2827

Re: what local pharmacy?

We use Kroger.
by kenschmidt
Wed Jan 11, 2017 7:54 pm
Forum: Investing - Help with Personal Investments
Topic: Best fund to complement VPMAX [Vanguard Primecap]
Replies: 3
Views: 414

Re: Best fund to complement VPMAX [Vanguard Primecap]

If you are looking to balance out Primecap but stay in the large company arena, you could use Value Index; if you are looking to include more small company stocks, you could consider Small Value Index. I am answering from the standpoint of a fund that will complement the style of Primecap, not looki...
by kenschmidt
Wed Jan 11, 2017 2:40 pm
Forum: Investing - Theory, News & General
Topic: How Bad was 2008, really?
Replies: 189
Views: 12127

Re: How Bad was 2008, really?

I posted in the original Sheepdog thread, so I won't repeat myself here, but it was really bad. It's not just the market drop, it's everything else. Just a few personal observations of that time: A neighbor was a recently retired Executive VP of a large regional bank (top 20 in size). He was at a le...
by kenschmidt
Wed Jan 11, 2017 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: 401k reached critical mass - 21% increase in one year
Replies: 14
Views: 1629

Re: 401k reached critical mass - 21% increase in one year

For example, Vanguard Target Retirement 2025:

2016: +7.48%
1 year: 13.15%

All that due to a 10 day difference between the two numbers.
by kenschmidt
Wed Jan 11, 2017 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: 401k reached critical mass - 21% increase in one year
Replies: 14
Views: 1629

Re: 401k reached critical mass - 21% increase in one year

The first couple of weeks of January 2016 were pretty brutal for the market while the first two weeks of 2017 where pretty good, So if you are looking at 1 year returns 2016-2017 (vs. 2016 calendar year), you might see a nice boost there.
by kenschmidt
Tue Jan 10, 2017 7:00 pm
Forum: Personal Consumer Issues
Topic: Are $50 drugstore and supermarket "drones" any fun?
Replies: 18
Views: 2101

Re: Are $50 drugstore and supermarket "drones" any fun?

The small helicopters are very fun and easy to fly indoors - especially if you have some higher ceilings - so might be a quick and cheap way to get a feel for flying depending on exactly what you are wanting to do: https://www.amazon.com/Syma-S107-S107G-Helicopter-Colors/dp/8499000606/ref=sr_1_6?s=t...
by kenschmidt
Mon Jan 09, 2017 6:46 pm
Forum: Local Chapters and Bogleheads Community
Topic: Sad News About a Respected Forum Member
Replies: 100
Views: 13161

Re: Sad News About a Respected Forum Member

Sorry to hear this sad news. You'll be missed, buddy, :(
by kenschmidt
Sun Jan 08, 2017 2:27 pm
Forum: Investing - Theory, News & General
Topic: Are Commodities Still a Good Portfolio Diversifier?
Replies: 51
Views: 2542

Re: Are Commodities Still a Good Portfolio Diversifier?

Actually, by "diversification benefit" do you mean internal to the fund, from shifting weights of underlying exposures? Or are you talking about a whole-portfolio-level rebalancing bonus? Scaled to the weight of... wait a sec, how large is your weighting to the fund, anyway? Whole portfol...
by kenschmidt
Sun Jan 08, 2017 1:27 pm
Forum: Investing - Theory, News & General
Topic: Are Commodities Still a Good Portfolio Diversifier?
Replies: 51
Views: 2542

Re: Are Commodities Still a Good Portfolio Diversifier?

I'm curious. What do you estimate to be the long-run expected returns (including fund fees, costs)? I really bought this as a portfolio diversified than for straight up return. However, with the caveat that returns are notorious hard to predict, I would expect that the underlying commodities would ...
by kenschmidt
Sun Jan 08, 2017 12:29 pm
Forum: Investing - Theory, News & General
Topic: Are Commodities Still a Good Portfolio Diversifier?
Replies: 51
Views: 2542

Re: Are Commodities Still a Good Portfolio Diversifier?

Your experience sounds like mine. On the writings of Larry Swedroe I bought PCRIX about 8 years ago. Luckily it is not a large part of my portfolio. I really don't want to sell it when it is lower than when I bought it and more importantly when I have not given it a chance during a rising inflation...
by kenschmidt
Sun Jan 08, 2017 11:35 am
Forum: Investing - Theory, News & General
Topic: Inferences for 2017 equity returns based on 2016 returns
Replies: 6
Views: 390

Re: Inferences for 2017 equity returns based on 2016 returns

Momentum. My experience is that asset classes may have a couple to three year runs of good or poor returns. It's hardly ever a case of X did good, Y did bad, so next year X will do bad and Y will do good. There's no discernible pattern at a detail level but I do believe that over some period of time...
by kenschmidt
Sat Jan 07, 2017 8:57 pm
Forum: Personal Consumer Issues
Topic: Getting help for aging Grandmother
Replies: 16
Views: 1363

Re: Getting help for aging Grandmother

To add, our progression was Home Instead at condo, assisted living, assisted living wth Home Instead (I never realized that this was an option) and then a short stint in full skilled nursing care. In assisted living, there were also different levels of care at different price tags. At the beginning,...
by kenschmidt
Sat Jan 07, 2017 8:51 pm
Forum: Personal Consumer Issues
Topic: Getting help for aging Grandmother
Replies: 16
Views: 1363

Re: Getting help for aging Grandmother

We used Home Instead for my mother and father in law and they were great overall. This was in Ohio. The aides are only required to perform certain tasks directly associated with care but some of them offered to do light cleaning, ironing, etc. at their discretion. Also, there is some capacity to req...
by kenschmidt
Sat Jan 07, 2017 3:34 pm
Forum: Investing - Help with Personal Investments
Topic: Networth Allocation: Home Equity
Replies: 16
Views: 1071

Re: Networth Allocation: Home Equity

Mine is about 25%. I don't consider my home as a part of my portfolio or part of my REIT allocation. Nor do I consider my mortgage a negative bond. The primary residence is completely out of the portfolio in my mind.
by kenschmidt
Sat Jan 07, 2017 12:44 pm
Forum: Investing - Help with Personal Investments
Topic: Lower expense ratio vs increased diversification for international stock index fund?
Replies: 18
Views: 869

Re: Lower expense ratio vs increase diversification for international stock index fund?

Just to look at this a different way, the expense difference on a $10,000 is $5.50. Even on $100k, it is only $55. It is a very small amount; if it were my decision, I would go for the more diversified Vamguard fund, partly because I understand how it is run and that Vanguard will minimize hidden co...
by kenschmidt
Sat Jan 07, 2017 10:17 am
Forum: Investing - Theory, News & General
Topic: "The 401k Problem We Refuse to Solve"
Replies: 49
Views: 4243

Re: "The 401k Problem We Refuse to Solve"

There isn't a "401(k) problem." It's just a savings problem. The 401(k) might help a little, but come on. Even the match for most people doesn't amount to all that much. Most of us would have been just fine if 401(k)s had never been invented. It's not like you can't save for retirement in...
by kenschmidt
Sat Jan 07, 2017 10:04 am
Forum: Investing - Theory, News & General
Topic: "The 401k Problem We Refuse to Solve"
Replies: 49
Views: 4243

Re: "The 401k Problem We Refuse to Solve"

Social Security remains the safety net that many Americans will rely on--and that will be limited. Limited? Social Security is extremely generous by global standards. That's why tens of millions of Americans are able to retire on nothing but it. The equivalent old age pension in Australia maxes out...
by kenschmidt
Fri Jan 06, 2017 5:18 pm
Forum: Investing - Theory, News & General
Topic: Are Commodities Still a Good Portfolio Diversifier?
Replies: 51
Views: 2542

Re: Are Commodities Still a Good Portfolio Diversifier?

I have a commodities fund and I love it. When stocks go up, it goes down and when stocks go down, it goes down. A true pleasure to own over the past - meh, 10 years? (I've owned it about 14). / \ || Gallows humor above. I think I am back to zero return on my holding after a (finally) decent return t...
by kenschmidt
Fri Jan 06, 2017 5:07 pm
Forum: Investing - Theory, News & General
Topic: I am timing the market. Why am I wrong?
Replies: 89
Views: 5719

Re: I am timing the market. Why am I wrong?

Evidence has shown that it is very difficult to beat the market. But very difficult does not mean impossible. So - rather than convince you that you are wrong, I will relay a short story about a discussion I had with a couple of co-workers. For some reason. we began talking about investing. None of ...
by kenschmidt
Fri Jan 06, 2017 11:26 am
Forum: Personal Consumer Issues
Topic: Is Iphone/Ipad fingerprint signin reasonably secure?
Replies: 54
Views: 3684

Re: Is Iphone/Ipad fingerprint signin reasonably secure?

I have found that the Apple iPad Smart Cover is very effective at wiping those key cards - typically by accident, unfortunately.
by kenschmidt
Fri Jan 06, 2017 10:48 am
Forum: Personal Consumer Issues
Topic: Kansas City trip advice
Replies: 23
Views: 1400

Re: Kansas City trip advice

Mmmm, KC BBQ!
by kenschmidt
Fri Jan 06, 2017 10:45 am
Forum: Investing - Theory, News & General
Topic: Ownership of international stock during wars
Replies: 25
Views: 2074

Re: Ownership of international stock during wars

German and Japanese companies with very few exceptions went bankrupt at the end of WW2 and while some were restructured and survived, investors in the original companies were wiped out. I don't believe that is accurate. The Credit Suisse Yearbook (https://www.credit-suisse.com/us/en/about-us/resear...
by kenschmidt
Fri Jan 06, 2017 10:38 am
Forum: Personal Consumer Issues
Topic: Requirements to change passwords frequently?
Replies: 31
Views: 2014

Re: Requirements to change passwords frequently?

The NIST article posted by AlohaJoe is a good one. Your password HAS to be stored somewhere so that it can be compared against the value when you are logged in. Typically, these passwords are encrypted (hashed) into a different value and then an encryption key or keys used to translate (encrypt) the...
by kenschmidt
Fri Jan 06, 2017 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Auto Insurance Settlement Advice
Replies: 19
Views: 1102

Re: Auto Insurance Settlement Advice

Lawyer-up, my friend. It will be well worth it. :moneybag +1. It is amazing how the doors suddenly swing open when an attorney is involved. I was in a (non-injury) situation a few years ago and when my attorney got engaged, the other party crumbled and basically said what will it take to settle thi...
by kenschmidt
Thu Jan 05, 2017 7:55 pm
Forum: Investing - Help with Personal Investments
Topic: Experienced investor: For your portfolio, at what point compound interest really kick in for you? $500k? $1million+?
Replies: 35
Views: 4425

Re: Experienced investor: For your portfolio, at what point compound interest really kick in for you? $500k? $1million+

I think for me, it was when I realized that a really bad or really good year could either wipe out or double my entire contribution of new money for the year. I believe it was around $150k or so; when the market bottomed around 2003, I noticed it had dropped to something like $118k and I feel like a...
by kenschmidt
Thu Jan 05, 2017 3:22 pm
Forum: Personal Consumer Issues
Topic: Is Iphone/Ipad fingerprint signin reasonably secure?
Replies: 54
Views: 3684

Re: Is Iphone/Ipad fingerprint signin reasonably secure?

Note that there is still a lock code but you can set it to something more complicated (less convenient but that's what the fingerprint is for).
by kenschmidt
Thu Jan 05, 2017 3:20 pm
Forum: Personal Consumer Issues
Topic: Is Iphone/Ipad fingerprint signin reasonably secure?
Replies: 54
Views: 3684

Re: Is Iphone/Ipad fingerprint signin reasonably secure?

I recently updated my iPad and switched over to the fingerprint scan. I think it is very secure, an improvement over the lock code.
by kenschmidt
Thu Jan 05, 2017 3:10 pm
Forum: Investing - Help with Personal Investments
Topic: Annuities
Replies: 9
Views: 777

Re: Annuities

Highly likely a bad choice for her. As others have said, look for a free look period where the annuity can be cancelled without a fee.
by kenschmidt
Wed Jan 04, 2017 7:17 pm
Forum: Investing - Theory, News & General
Topic: History of loads going no load. Any insight???
Replies: 2
Views: 292

Re: History of loads going no load. Any insight???

i think most companies figured out if they steal the money a little at a time, people tend to notice it a lot less than if they steal it all up front. So 12b-1 and other expense fees get layered on and charged every year. Forever.
by kenschmidt
Wed Jan 04, 2017 7:11 pm
Forum: Personal Consumer Issues
Topic: [Seeking advice] I messed up. What's next?
Replies: 30
Views: 2850

Re: [Seeking advice] I messed up. What's next?

When I graduated long ago, a number of companies required a 3.0 GPA to get on the interview list. A few top tier companies required a 3.4. In this day of computer screening, I think you are going to be auto screened out of at least some opportunities. I think you could either perhaps get a certifica...

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