Search found 1007 matches

by lawman3966
Fri Apr 29, 2016 8:46 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Fee's [too high?]
Replies: 50
Views: 3090

Re: Investment Fee's [too high?]

Hi Everyone. Was wondering...Is 1% fee to my advisor and 2% to the actively managed fund he hooked me up with too much to pay on a annual basis? $405K is what I rolled over from my employment 401K when I retired last July. Thank You Kim I can honestly say that the fees you report above are the wors...
by lawman3966
Fri Apr 22, 2016 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Income AMount
Replies: 10
Views: 1614

Re: Retirement Income AMount

As others have noted, variation in the definition of "comfortably" makes the question nearly unanswerable. Median household income (see link) in Florida ranges from about $30K to about $50K a year depending on what country you're in , which is pre-tax by all indications. I suspect that a n...
by lawman3966
Wed Apr 20, 2016 1:27 pm
Forum: Investing - Theory, News & General
Topic: SPIA contract review
Replies: 1
Views: 263

Re: SPIA contract review

I was also told they do not show you the contract until *after* SPIA purchase. I find this hard to believe. If it's true, the whole idea would be a non-starter for me, as I wouldn't even consider handing over money prior to reviewing the contract. I'd be particularly careful about believing that yo...
by lawman3966
Wed Apr 20, 2016 1:17 pm
Forum: Investing - Theory, News & General
Topic: the fiduciary rule in practice
Replies: 4
Views: 537

Re: the fiduciary rule in practice

Now that I think about it, this is probably an incomplete summary, because there must be a bunch of customers rolling over their 401(k)'s who hadn't been paying any AUM fee at all. I'm not sure how they justify that. I can't speak to the application of the Fiduciary rule in general to this situatio...
by lawman3966
Sat Apr 16, 2016 3:01 pm
Forum: Investing - Help with Personal Investments
Topic: Roth or employer 401k
Replies: 4
Views: 424

Re: Roth or employer 401k

Your post appears to assume that contributions to a 401K or a Roth are mutually exclusive options. They are in fact independent of one another. Your Roth IRA contribution eligibility depends on whether your income exceeds the Roth contribution income (MAGI income that is) phaseout range, not whether...
by lawman3966
Fri Apr 08, 2016 8:59 pm
Forum: Investing - Help with Personal Investments
Topic: Petitioning for Better 401(k) - Fiduciary Question
Replies: 14
Views: 985

Re: Petitioning for Better 401(k) - Fiduciary Question

Newport offers vanguard funds on its platform. Thank you - that is good to know. I guess I neglected to respond on this point. At the newly created firm, we went with Employee Fiduciary which we were pleased with. At EF, you can choose pretty much any mutual fund you want. However, they provided a ...
by lawman3966
Thu Apr 07, 2016 1:31 pm
Forum: Investing - Help with Personal Investments
Topic: Petitioning for Better 401(k) - Fiduciary Question
Replies: 14
Views: 985

Re: Petitioning for Better 401(k) - Fiduciary Question

I fought this battle for many years and will relay what I can from that experience. I doubt that success will come from contending that your company is violating some sort of law or DOL rule by selecting a plan with higher fees. If that were the case, the high-fee providers simply wouldn't exist. I ...
by lawman3966
Fri Mar 25, 2016 2:07 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey's Investing Advice or: A Chris Hogan: America's Voice on Retirement Story
Replies: 55
Views: 8541

Re: Dave Ramsey's Investing Advice or: A Chris Hogan: America's Voice on Retirement Story

Some hucksters are just plain hucksters. But other people, if they are charismatic, adopt the air of a pastor, are highly athletic, or are otherwise likeable or cool, are instead helpful well-intentioned people who may be slightly wrong on a detail here or there. Researcher after financial researche...
by lawman3966
Fri Mar 25, 2016 1:36 pm
Forum: Investing - Help with Personal Investments
Topic: Fisher Investment
Replies: 26
Views: 2500

Re: Fisher Investment

Since other posters have responded to the marketing data question, I will address my experience dealing with Fischer investments. I submitted an online request to get a pamphlet of theirs. The reading material was ok, but nothing that led me to change any of my investments, or to become a client of ...
by lawman3966
Wed Mar 16, 2016 4:29 am
Forum: Personal Finance (Not Investing)
Topic: Landlord wont return deposit
Replies: 76
Views: 5851

Re: Landlord wont return deposit

If a new lease is not offered, the Tenant may continue to rent the apartment on a month-to- month basis (with the rest of the lease remaining the same), or as otherwise permitted by law. Either way the Tenant must notify the Landlord of the Tenant's decision to stay or to leave at least seventy- fi...
by lawman3966
Tue Mar 15, 2016 1:03 am
Forum: Investing - Help with Personal Investments
Topic: Researching Individual OTC Stocks
Replies: 18
Views: 1383

Re: Researching Individual OTC Stocks

What I learned from this is that you have to use Google. I agree that Google is a valuable resource (to be continued). Avantameds is a misspelling-- if I have the right company, it is Avantamed, an Irish medical devices company (not at all unlikely given Irish tax rates etc.) However, Google works ...
by lawman3966
Sun Mar 13, 2016 7:10 pm
Forum: Investing - Help with Personal Investments
Topic: Researching Individual OTC Stocks
Replies: 18
Views: 1383

Re: Researching Individual OTC Stocks

I wouldn't surprise me at all if in a couple of years, this was all revealed as a fraud. Well, I was trying to be diplomatic, but yes, this was the concern back in 2014. BTW, are you an accredited investor? Are your friends? I wonder if folks with $1M+ readily admit losing $10k to poor investments ...
by lawman3966
Sun Mar 13, 2016 12:44 am
Forum: Investing - Help with Personal Investments
Topic: Researching Individual OTC Stocks
Replies: 18
Views: 1383

Re: Researching Individual OTC Stocks

That somehow doesn't seem like a screaming buy to me. Why are you interested in this stock other than someone is saying "We're going public soon!"?? Penny stocks are thinly traded (read highly illiquid), very risky and often manipulated (pump and dump) because they're unregulated. Why wou...
by lawman3966
Sat Mar 12, 2016 10:20 pm
Forum: Investing - Help with Personal Investments
Topic: Researching Individual OTC Stocks
Replies: 18
Views: 1383

Re: Researching Individual OTC Stocks

You want http://www.otcmarkets.com. For example, http://www.otcmarkets.com/stock/ACNV/financials#. Thanks for the links. Though I now have the information in front of me, I must say that, not being experienced reading this type of statement, the data looks like hieroglyphics to me. I declined to in...
by lawman3966
Sat Mar 12, 2016 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: Laid off, bouncing ideas.
Replies: 33
Views: 3360

Re: Laid off, bouncing ideas.

For better or worse, I've been in this position a couple of times. I have dealt with Unemployment insurance admins in two states in the last three years. I believe you have a few months in which to file for UI benefits, though I don't really see the benefit of waiting. I wanted to move to another st...
by lawman3966
Sat Mar 12, 2016 9:05 pm
Forum: Investing - Help with Personal Investments
Topic: Researching Individual OTC Stocks
Replies: 18
Views: 1383

Researching Individual OTC Stocks

A little over a year ago, I was offered the chance to invest in a startup company, based on the success of a prior startup run by the same principals. I didn't invest at the time, but am trying to keep up with developments in the two companies. The companies are: (1) Accelera Innovations (ACNV); (2)...
by lawman3966
Fri Mar 11, 2016 11:55 pm
Forum: Personal Consumer Issues
Topic: How much car to buy $$
Replies: 57
Views: 5010

Re: How much car to buy $$

Since the other posters have responded conventionally, I'd like to take this opportunity to take a different tack. In brief, the growth of ride sharing services is such that these services will compete with car ownership, and likely drive down the value of personal vehicle ownership, and with it the...
by lawman3966
Fri Mar 11, 2016 3:32 am
Forum: Investing - Theory, News & General
Topic: where is the fee hiding?
Replies: 16
Views: 1818

Re: where is the fee hiding?

There's not really enough information in your post for an observer to determine where a fee, if present, is hiding. I had a friend who invested through another big name wealth management firm. He insisted he was only paying 1% in fees. In his case, the additional fees were embedded in the ERs of the...
by lawman3966
Thu Mar 10, 2016 1:42 am
Forum: Personal Finance (Not Investing)
Topic: Layoff Advice
Replies: 41
Views: 4522

Re: Layoff Advice

I would speak to a lawyer before signing anything causing you to forego a lawsuit. Depending on your situation, you could start looking for a job now, or planning a fun vacation as others have suggested. Depending on what you are offered insurance-wise, you could start considering whether to maintai...
by lawman3966
Wed Mar 09, 2016 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Book copyright infringement: how to stop someone?
Replies: 31
Views: 2514

Re: Book copyright infringement: how to stop someone?

What other options do I have? I prefer not to hire an attroney because of the legal cost. This is the wrong approach, IMHO. You will lose much more through inaction than by hiring an attorney. The government will track someone down for a traffic violation but it does not offer much help when it com...
by lawman3966
Wed Mar 09, 2016 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Book copyright infringement: how to stop someone?
Replies: 31
Views: 2514

Re: Book copyright infringement: how to stop someone?

The only meaningful advice anyone here can give you is to contact an attorney with some experience in this area. If you type "copyright attorney -insert your city- " into Google, you should obtain several options quickly. It's simply wrong to say that one can't enforce Copyright law in thi...
by lawman3966
Mon Mar 07, 2016 3:19 am
Forum: Personal Finance (Not Investing)
Topic: Roommate issue
Replies: 18
Views: 2679

Re: Roommate issue

Two points regarding this matter. First, I have been in several roommate situations, and more recently have gone through numerous background checks. Short stays and frequent moves adversely affect one component of a renter's background check, even if the renter has perfect credit and has never faile...
by lawman3966
Sun Mar 06, 2016 1:39 am
Forum: Personal Consumer Issues
Topic: Strategy for shifting to low cost carrier: ETF and Unlock Fees
Replies: 0
Views: 222

Strategy for shifting to low cost carrier: ETF and Unlock Fees

I am about 14 months into a 24 month smartphone contract with AT&T. I would like to shift to a lower cost carrier and am trying to determine the most cost effective way to go. My understanding is that leaving AT&T and keeping my current phone would require paying (a) the ETF (of about $185) ...
by lawman3966
Sat Mar 05, 2016 1:25 am
Forum: Investing - Help with Personal Investments
Topic: Dumping our advisor and Ameriprise.
Replies: 19
Views: 2303

Re: Dumping our advisor and Ameriprise.

I am curious about that extra charge you mention. We are paying Ameriprise the 1% and then another 750. to the advisor bringing the total up to about 3200 a year. That alone kills me when I see it but wasn't sure I could do it all my self. Thank you. Personally, I'd be surprised if your fees are li...
by lawman3966
Thu Mar 03, 2016 11:05 pm
Forum: Investing - Help with Personal Investments
Topic: Double expense fees? Can it happen?
Replies: 15
Views: 982

Re: Double expense fees? Can it happen?

The way you're using the term "double fees", it is easy possible to pay two or more fees simultaneously. I have linked to a Bloomberg news video article discussing fees in 401K. As I recall, the moderator indicates that one 401K plan included a total of seventeen fees. I had a 401K plan pe...
by lawman3966
Sun Feb 28, 2016 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Average Retirement Income 2016
Replies: 32
Views: 5413

Re: Average Retirement Income 2016

I found the data to be vague and somewhat misleading. I quote the following to illustrate the point. "According to Retirement USA, the median amount of asset income for households where either the householder or spouse was aged 65 or older was $1,542 for those households who received any asset ...
by lawman3966
Sun Feb 21, 2016 1:31 am
Forum: Investing - Theory, News & General
Topic: Investing Magazines
Replies: 36
Views: 3615

Re: Investing Magazines

I would have to agree with some posters above in saying that most of those magazines are a waste of time and money. Before subscribing to any publication, you'd have to ask whether you intend to act on any of the advice you see in it. If so, then you'd have to determine whether you plan to change yo...
by lawman3966
Thu Feb 18, 2016 7:25 pm
Forum: Local Chapters and Bogleheads Community
Topic: HAPPY 9TH BIRTHDAY TO THE BOGLEHEADS FORUM
Replies: 12
Views: 888

Re: HAPPY 9TH BIRTHDAY TO THE BOGLEHEADS FORUM

Mel, Many thanks for the anniversary reminder. Upon joining, I assumed I'd learn a lot from this forum, and I have. One thing that surprised me though is that members of the financial media read this forum to learn rather than to teach. I have twice been contacted by financial journalists from well ...
by lawman3966
Thu Feb 18, 2016 7:19 pm
Forum: Personal Consumer Issues
Topic: VERY low cost/low use cell phone service/plan
Replies: 29
Views: 2039

Re: VERY low cost/low use cell phone service/plan

I faced this situation in 2012, and opted to go with a prepaid Verizon phone. It was a no-brainer in my case. The coverage for my Sprint smartphone was weak in the area, and I was paying about $100 a month. I bought a feature phone, and ended up paying about $10 a month on a Verizon prepaid plan, wi...
by lawman3966
Thu Feb 18, 2016 1:44 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401K for self employed - (limitations worth it?)
Replies: 46
Views: 2277

Re: Solo 401K for self employed - (limitations worth it?)

I got a solo 401K with Fidelity in 2012, and it was enormously beneficial. I wasn't interested in doing a Roth, and so didn't investigate whether this option was available. My employer didn't offer a 401K during 2012, but the solo 401K offered me the chance to make a $28K deductible contribution for...
by lawman3966
Thu Feb 18, 2016 2:29 am
Forum: Personal Finance (Not Investing)
Topic: Applied for 100 jobs, no callbacks. What's up?
Replies: 103
Views: 8781

Re: Applied for 100 jobs, no callbacks. What's up?

Have you considered using a recruiter that specializes in your field of interest? Recruiters frequently have access to jobs that are not on the web and you also have the ability to get feedback from them regarding your resume and company's interest in your experiences. The Judge Group is one recrui...
by lawman3966
Wed Feb 10, 2016 12:40 pm
Forum: Personal Consumer Issues
Topic: Failure to Credit Return of Internet Modem
Replies: 14
Views: 792

Re: Failure to Credit Return of Internet Modem

Did you get a receipt when you returned the modem? Yes. I got a receipt and dutifully stapled it to my last bill and filed it away, incorrectly believing that my Comcast issues were now closed. The receipt includes the return date, a brief sentence thanking me for returning the equipment, and the a...
by lawman3966
Wed Feb 10, 2016 3:16 am
Forum: Personal Consumer Issues
Topic: Failure to Credit Return of Internet Modem
Replies: 14
Views: 792

Failure to Credit Return of Internet Modem

As part of a recent move, I canceled my internet service and, as required, returned my internet modem to a local outlet of the mega-Cable company (Comcast) that provided the service and the modem that I'd rented. A week later, I got an auto-call from the company indicating a need to return the equip...
by lawman3966
Wed Feb 03, 2016 4:44 am
Forum: Investing - Help with Personal Investments
Topic: which ETF or ISHARE are the best performing for oil
Replies: 12
Views: 811

Re: which ETF or ISHARE are the best performing for oil

I find them to all be equally good. That is because I avoid buying any of them, and in the process avoid all of: (a) the possibility of a significant loss, given the volatility of commodity prices; (b) the trading costs arising from constantly attempting to time the market; and (c) the anxiety of fe...
by lawman3966
Tue Feb 02, 2016 9:48 pm
Forum: Investing - Help with Personal Investments
Topic: EJones Advisor wants to talk!
Replies: 84
Views: 6834

Re: EJones Advisor wants to talk!

The above posters have suggested a reasonable and responsible reply. If you want to be creative, you could offer to meet with him on the proviso that he listens to a pitch from you about your managing his retirement money by investing it with Vanguard. After all, if he's with EJ, he must subscribe t...
by lawman3966
Thu Jan 21, 2016 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Software for Multiple Years and Multiple States
Replies: 1
Views: 252

Tax Software for Multiple Years and Multiple States

I'm new to using tax software and need features that most users may not request. I need to file returns for 2014 and 2015, both of which involve partial-year returns for multiple states. I would also like my tax software product to be able to effectively estimate my 2016 taxes (including Obamacare p...
by lawman3966
Thu Jan 21, 2016 5:29 am
Forum: Investing - Theory, News & General
Topic: It sure looks like a good time to invest in oil
Replies: 111
Views: 12963

Re: It sure looks like a good time to invest in oil

“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful” -- Warren Buffet It sure looks like oil stocks are on clearance now. For example, Vanguard Energy ETF (VDE) is down about 50% from the middle of 2014. I tend to be very disciplined with my 90 / 10 stocks / bonds AA. But what are...
by lawman3966
Wed Jan 20, 2016 4:54 pm
Forum: Investing - Help with Personal Investments
Topic: Fisher Investments?
Replies: 11
Views: 839

Re: Fisher Investments?

Don't walk, run. Also, don't give them your phone # unless you feel like getting a new one soon. Ditto that. I once gave them my tel # in order to get a free stock analysis of some sort. They then spam-called me for about two years. That put me off giving my phone number to any company, not just th...
by lawman3966
Wed Jan 20, 2016 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Eligibility documents for Obamacare premium tax credit
Replies: 13
Views: 928

Re: Eligibility documents for Obamacare premium tax credit

Though I don't know the details of how the bureaucracy works, personally, I would not ignore any paperwork requests/requirements. I am receiving a premium subsidy (apparently, what the above posters are calling an "advanced premium subsidy") on my ACA plan in WA state. A few weeks ago, I r...
by lawman3966
Tue Jan 19, 2016 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Do retirees care about their credit score?
Replies: 35
Views: 2479

Re: Do retirees care about their credit score?

In addition to the insurance references above, I'd add that a good credit score can be very helpful for anyone trying to rent a residence. Most B-heads are wealthier than average and don't need to worry about that. However, I currently share a residence, and having a good credit score is indispensab...
by lawman3966
Sat Jan 02, 2016 12:00 am
Forum: Personal Finance (Not Investing)
Topic: SIL looking at a MLM "opportunity" - how to protect her?
Replies: 18
Views: 2609

Re: SIL looking at a MLM "opportunity" - how to protect her?

I confess that I haven't heard this particular concern before. If fear of personal liability is the issue, the first item on the agenda would be get a qualified attorney to review any contracts carefully before signing them. After being laid off from a Fortune 500 company, my sister started doing ma...
by lawman3966
Wed Dec 30, 2015 5:11 pm
Forum: Investing - Help with Personal Investments
Topic: Disappointed with Vanguard account
Replies: 13
Views: 2255

Re: Disappointed with Vanguard account

I admit to being a little surprised that this situation would impose a significant impediment to your investing plans. I am also not surprised that this limitation exists. Do other mutual fund companies offer this capability? Why not just conduct the operations as separate transactions? This should ...
by lawman3966
Wed Dec 30, 2015 2:06 am
Forum: Personal Finance (Not Investing)
Topic: Net Worth
Replies: 57
Views: 6228

Re: Net Worth

SO, the underlying question is "Is investing different for high net worth individuals?", or would someone with 2 million be served just as well with a 'simple' portfolio as someone with 10 grand? Does the high net worth investor have more concerns than the "average" investor? Ta...
by lawman3966
Tue Dec 29, 2015 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Fed retired, TSP to ROTH withdrawals possible?
Replies: 39
Views: 2338

Re: Fed retired, TSP to ROTH withdrawals possible?

I read the "Withdrawing Your TSP Account After Leaving Federal Service" and saw the verbiage on page 6 saying I could transfer monthly payments to an IRA IF my "payments were expected to last less than 10 years". Hummm..., I'm planning on payments lasting me the rest of my life ...
by lawman3966
Sat Dec 26, 2015 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Downsize my car to save money?
Replies: 30
Views: 2379

Re: Downsize my car to save money?

I mostly agree with the above, but wanted to chime in on one additional point. If you both sell the current vehicle and buy your next vehicle to/from dealers, I would expect that the transaction costs, including profit margin, licensing, titling, and taxes would come to at least $3K-4K. One poster s...
by lawman3966
Mon Dec 21, 2015 2:01 am
Forum: Personal Finance (Not Investing)
Topic: FIRECalc - Take Social Security Benefits Early is Better?
Replies: 51
Views: 4186

Re: FIRECalc - Take Social Security Benefits Early is Better?

Does this make sense to you? :confused Thank you. I noticed the same thing, and consequently enter my SS numbers starting at age 65, when using Firecalc. The great thing about SS, is that you can plan to start taking benefits at age 70, but later modify that decision should circumstances warrant. H...
by lawman3966
Fri Nov 13, 2015 2:06 pm
Forum: Investing - Help with Personal Investments
Topic: Sever ties with Edward Jones
Replies: 11
Views: 1197

Re: Sever ties with Edward Jones

You will not owe any tax if you transfer directly to a Vanguard Roth account. Could you clarify what you mean by a "redemption fee"? You should not have to pay taxes on dividends or capital gains for stock sold within a Roth account regardless of where the account is held. If by redemption...
by lawman3966
Fri Nov 13, 2015 1:59 pm
Forum: Personal Consumer Issues
Topic: How to sell exercise equipment?
Replies: 30
Views: 2295

Re: How to sell exercise equipment?

The sales price and concern about the potential buyers was one issue. However, since others have addressed these two, I wanted to address the moving/damage/insurance concern. A local fitness equipment store told me they would not pay more than $50 for the bike, making the trip to their store unprodu...
by lawman3966
Tue Aug 25, 2015 1:08 pm
Forum: Investing - Theory, News & General
Topic: Solo 401(k) question
Replies: 31
Views: 2359

Re: Solo 401(k) question

I hate to post another I-don't-know-the-answer reply, but feel that I have no choice. A few years ago, I needed to find out whether I could open a solo 401K based on having been paid with a 1099 form from a prior employer. I asked on several sites (possibly including this one - I can't recall) inclu...
by lawman3966
Mon Aug 03, 2015 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: COBRA Vs ACA after job loss and move
Replies: 38
Views: 2278

Re: COBRA Vs ACA after job loss and move

jalbert wrote:Moda health in Oregon.

-jalbert


Thanks.
Do you know if there's an equivalent to this in other states? The states of greatest interest in my case are Colorado and Washington.

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