Search found 1018 matches

by lawman3966
Mon May 30, 2016 3:01 pm
Forum: Investing - Theory, News & General
Topic: Any thoughts on this? [Why advisors don't like target funds]
Replies: 27
Views: 3354

Re: Any thoughts on this? [Why advisors don't like target funds]

https://www.mainstreet.com/article/why-target-date-funds-are-disliked-by-financial-advisors Many Thanks! Maybe for the same reason vampires don't like silver bullets? I used a demo of Vanguard's target date funds' automatic asset allocation adjustment over time to successfully argue for an advisor-...
by lawman3966
Sun May 29, 2016 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Disability???
Replies: 23
Views: 995

Re: Social Security Disability???

I don't understand what the issue is, to be honest. I know several people who are on SSDI, and I expect to apply for it myself. As you indicated, you have worked and contributed to the system all your life, and now need the system. You should therefore apply for it. My recollection is that you can w...
by lawman3966
Mon May 23, 2016 12:46 am
Forum: Personal Consumer Issues
Topic: I bought the wrong car - know it after 15 days
Replies: 150
Views: 20453

Re: I bought the wrong car - know it after 15 days

I second (or perhaps fifth by now) the recommendation to see physical therapist, but wanted to add a point or two. A couple of years ago, I compared the seats in a 1995 Nissan Altima which had soft seats that I found comfortable to those in a 2012 Honda Civic which had firms seats that I found uncom...
by lawman3966
Sat May 21, 2016 7:39 pm
Forum: Personal Consumer Issues
Topic: series/ movies filmed in your home town?
Replies: 87
Views: 2657

Re: series/ movies filmed in your home town?

No filming here that I know of but Radar O'Reilly of Mash was born here and James T. Kirk will be born near here in a couple hundred years. My home town of Montreal was the scene for "The Whole Nine Yards". One hometown character shown in the film was Mr. Biddles who ran (may still do so)...
by lawman3966
Sat May 21, 2016 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Hail damage on roof; what to do with Insurance Providers' $9,950 check
Replies: 51
Views: 3754

Re: Hail damage on roof; what to do with Insurance Providers' $9,950 check

Can't you cash the check and do nothing? Something about this doesn't seem right. Is this not insurance fraud? I don't believe that it's fraud. If you're concerned about legal matters, you could call the insurance company and ask whether having received the payment requires you to conduct the repai...
by lawman3966
Thu May 19, 2016 9:08 pm
Forum: Investing - Help with Personal Investments
Topic: Is my Financial Advisor worth his salt?
Replies: 56
Views: 3262

Re: Is my Financial Advisor worth his salt?

Depending what your husband does/earns, you are likely not able to contribute to an IRA directly (there's always the backdoor option though). My understanding is anyone can contribute up to $5500/year after-tax to a traditional IRA. My husband is similar to me in earning, 150k/year and he does that...
by lawman3966
Wed May 18, 2016 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: Why the Low Quantitative Score on the GMAT?
Replies: 26
Views: 1641

Re: Why the Low Quantitative Score on the GMAT?

I took the GMAT twice: once without preparation (and did ok, but not great), and a second time after substantial practice. I improved my combined score from about an 85 percentile on the first try to a 99 percentile on the second. However, this was several decades ago, and my understanding is that t...
by lawman3966
Tue May 17, 2016 11:13 pm
Forum: Personal Finance (Not Investing)
Topic: My dilemma ... 1099 or W2. Client assures me no difference.
Replies: 29
Views: 1814

Re: My dilemma ... 1099 or W2. Client assures me no difference.

Thank you all for such quick response. So, my "loss" is around 2.5% but ability to write off things make this 3% insufficient. If I rent an apartment and have a 3rd bedroom set up as office, I am assuming I can write off part of that monthly rent? Regarding 401k ... I get 401k from my 150...
by lawman3966
Tue May 17, 2016 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: My dilemma ... 1099 or W2. Client assures me no difference.
Replies: 29
Views: 1814

Re: My dilemma ... 1099 or W2. Client assures me no difference.

The opportunity to receive 1099 income is likely more beneficial than harmful for you. Your W2 income exceeds the cap for social security taxation. Accordingly, what would normally be a double SS tax for you won't materialize since there should no SS tax to pay for the year over and above the SS tax...
by lawman3966
Sun May 15, 2016 12:25 pm
Forum: Personal Consumer Issues
Topic: Unlocking Phone after Paying ETF [Early Termination Fee]
Replies: 7
Views: 715

Re: Unlocking Phone after Paying ETF

Am I the only one who got confused by the ETF reference here? Ok, on an investment board, ETF might normally refer to an Exchange Traded Fund. However, in the top post, I used the fully expanded term Early Termination Fee and linked it to the abbreviation ETF, which is commonly used in the cell-pho...
by lawman3966
Sun May 15, 2016 2:09 am
Forum: Personal Consumer Issues
Topic: Unlocking Phone after Paying ETF [Early Termination Fee]
Replies: 7
Views: 715

Unlocking Phone after Paying ETF [Early Termination Fee]

I have been investigating how to get out of the remainder of a two-year contract with AT&T (with 8 months left in the contract) without losing use of the phone. I am trying to determine whether I should be able to have phone unlocked after I pay the early termination fee (ETF). AT&T customer...
by lawman3966
Fri Apr 29, 2016 8:46 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Fee's [too high?]
Replies: 60
Views: 4452

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: 1737

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: 292

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: 583

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: 451

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: 1014

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: 1014

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: 8995

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: 2598

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: 6122

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: 1447

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: 1447

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: 1447

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: 1447

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: 3427

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: 1447

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: 5361

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: 1848

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: 4609

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: 2584

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: 2584

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: 2768

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: 229

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: 2423

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: 1015

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: 5516

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: 3647

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: 918

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: 2089

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: 2373

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: 9090

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: 815

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: 815

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: 843

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: 7031

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: 259

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: 13188

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: 878

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: 967

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...

Go to advanced search