Search found 4186 matches

by mickeyd
Thu Aug 25, 2016 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Self-made Millionaires: how did hitting 7 figures change you?
Replies: 259
Views: 27783

Re: Self-made Millionaires: how did hitting 7 figures change you?

Years ago when we realized that we had hit the two comma (7 figure) mark DW was beside herself with joy for some reason. I recall telling her not to get too excited because each of us had just reached the 1/2 million club (2 x1/2 =1) and still needed to save and invest. She became very interested in...
by mickeyd
Thu Aug 25, 2016 7:14 pm
Forum: Investing - Help with Personal Investments
Topic: Timing for RMD withdrawals?
Replies: 33
Views: 2573

Re: Timing for RMD withdrawals?

RMD is a requirement to pay taxes, not a requirement to spend.

I think that I first read that here a while ago.
by mickeyd
Sun Aug 21, 2016 4:47 pm
Forum: Investing - Help with Personal Investments
Topic: Timing for RMD withdrawals?
Replies: 33
Views: 2573

Re: Timing for RMD withdrawals?

Once you determine the RMD for an upcoming year, is the best way to make the withdrawal as equal monthly withdrawals (I guess like dollar cost averaging in reverse.) or as a single transaction at either the start or end of the year? I took my first RMD last December as my IPS dictates. This year I ...
by mickeyd
Sat Aug 20, 2016 1:24 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisor Services
Replies: 36
Views: 4498

Re: Vanguard Personal Advisor Services

. . . it's been a uniformly positive and pleasant experience and I'm really glad to have them there for me as I work my way up to being a full fledged Boglehead . . . Thanks. Thanks to our shipmate Pennywise for your comments. This is one [of the very few] positive comments about Vanguard services ...
by mickeyd
Wed Aug 17, 2016 8:18 pm
Forum: Investing - Help with Personal Investments
Topic: Pension and taxes...
Replies: 8
Views: 987

Re: Pension and taxes...

Contact Vanguard. They will assist you in the rollover to an IRA.
by mickeyd
Tue Aug 16, 2016 9:28 am
Forum: Personal Finance (Not Investing)
Topic: FICO Scores: Which one do you get?
Replies: 39
Views: 7881

Re: FICO Scores: Which one do you get?

My Visa (thru USAA) and my Discover card both show a FICO score for free.
by mickeyd
Sun Aug 14, 2016 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: FICO Score??
Replies: 69
Views: 5711

Re: FICO Score??

My FICO score varies between 800 and 820 each month that I check it at Discover card. I have the same financial situation each month, always repay my CC balance and have no other loans. I can not logically understand why there is such a flux each month. I don't check it any more since I have no futu...
by mickeyd
Sun Aug 14, 2016 5:51 pm
Forum: Investing - Help with Personal Investments
Topic: Rollover IRA to Roth conversion, how to pay tax and have 100% of it go to my Roth?
Replies: 30
Views: 1673

Re: Rollover IRA to Roth conversion, how to pay tax and have 100% of it go to my Roth?

I have done several Roth conversions over the years and, as suggested, made an exchange from one VG account to another with no tax withholding. I then filed an estimated quarterly income tax via EFTPS using money that I had in savings.
by mickeyd
Sun Aug 14, 2016 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Joint Accounts - How do you use it?
Replies: 103
Views: 5437

Re: Joint Accounts - How do you use it?

In short: I don't think this is more than a very minor issue on our horizon--a very minor inconvenience at the time of losing a spouse.


So in Doom&Gloom's case, the separate accounts are individual accounts with only one person on the account. Is that correct?
by mickeyd
Sun Aug 14, 2016 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Joint Accounts - How do you use it?
Replies: 103
Views: 5437

Re: Joint Accounts - How do you use it?

In our case, our "separate" accounts are actually both joint accounts


Thanks hcj. Makes sense now. To each his/her own.
by mickeyd
Sun Aug 14, 2016 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Joint Accounts - How do you use it?
Replies: 103
Views: 5437

Re: Joint Accounts - How do you use it?

Since DW and I use our CCs to purchase just about everything and pay it off via automatic payment next month from our joint checking account, I have a Q for those with separate accounts. Does your spouse have access to that account (can he/she withdraw funds if you die?) If not what happens at death?
by mickeyd
Sun Aug 14, 2016 12:53 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3109
Views: 707158

Re: U.S. stocks in freefall

Did you make any course corrections once you felt you have won the game? I did what seemed correct to do under the circumstances. I looked up the definition of "simplicity" and used that for a guide. I am headed from 60/40 to 40/60 and using the basic 3 fund approach for my major stash. S...
by mickeyd
Sat Aug 13, 2016 12:06 pm
Forum: Personal Consumer Issues
Topic: How well do robot vacuums work?
Replies: 26
Views: 2415

Re: How well do robot vacuums work?

We have been using a Roomba for years and are quite happy with it. I believe it works on magic.
by mickeyd
Sat Aug 13, 2016 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Joint Accounts - How do you use it?
Replies: 103
Views: 5437

Re: Joint Accounts - How do you use it?

Hard Hitter,

Can you explain why this set-up is necessary? What questions would be asked?

2 personal checking accounts (wife/husband) where $200-$300 goes into those accounts each on a monthly basis and is their "no questions ask" money
by mickeyd
Sat Aug 13, 2016 11:22 am
Forum: Investing - Theory, News & General
Topic: Bogle's Folly now worth $3,500,000,000,000
Replies: 12
Views: 2451

Bogle's Folly now worth $3,500,000,000,000

Many of you may have read this article from the VG website. Enjoy it again, if you like. Mr. Bogle's mission led to the launch of Vanguard in 1975 and the first index mutual fund in 1976. It took a few years for indexing and the Vanguard way to gain traction. The First Index Investment Trust was ori...
by mickeyd
Fri Aug 12, 2016 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Edward Jones did not withhold Inherited IRA taxes
Replies: 5
Views: 381

Re: Edward Jones did not withhold Inherited IRA taxes

it was taxes on the RMD. He had to take a ~$9,000 RMD but they didn't take anything out for taxes.


When he received a check for $9k instead of $6750, it should have been obvious that taxes were not deducted. Just sayin...
by mickeyd
Fri Aug 12, 2016 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Edward Jones did not withhold Inherited IRA taxes
Replies: 5
Views: 381

Re: Edward Jones did not withhold Inherited IRA taxes

Do I have any recourse?


Not a tax guy but...probably not. Paying taxes us an individual responsibility.

What taxes are due? RMD?
by mickeyd
Fri Aug 12, 2016 3:53 pm
Forum: Investing - Theory, News & General
Topic: Confession~ I timed the market today
Replies: 31
Views: 3335

Confession~ I timed the market today

I know it was Boglehead wrong, but I could not help myself. I generally think that my annual onetime RMD should be taken in December, like last year. When the S&P500 once again topped out @ 2185.71 yesterday and had little movement today, I could not resist it and took 50% of my RMD today. I pla...
by mickeyd
Thu Aug 11, 2016 2:37 pm
Forum: Investing - Help with Personal Investments
Topic: Total Stock Market Index
Replies: 21
Views: 2583

Re: Total Stock Market Index

My plan was to keep putting the max contributions for at least another 5 years into the TSMI and then eventually buy bonds to lessen my aggression as I am getting older.


That's good plan. Keep it simple until your basic investment increases over time. That's what I did and it worked out well.
by mickeyd
Thu Aug 11, 2016 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Questions on withdrawing retirement $'s
Replies: 15
Views: 1907

Re: Questions on withdrawing retirement $'s

Can you transfer funds directly (and of course be taxed on it) or do you have to sell a certain amount of funds move cash into the new account (pay taxes on that) and then purchase new funds?



Yes. That's the way that I do it (exchange from IRA to established taxable fund).
by mickeyd
Tue Aug 09, 2016 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Questions on withdrawing retirement $'s
Replies: 15
Views: 1907

Re: Questions on withdrawing retirement $'s

I would like Vanguard just to take that 2.25 % yearly equally from each fund across the board.


Doug, How many funds are you referring to? Perhaps it's time to consider simplifying your stash by cutting it down to 2 or 3 funds.
by mickeyd
Tue Aug 09, 2016 3:03 pm
Forum: Investing - Help with Personal Investments
Topic: Annuities vs the market
Replies: 18
Views: 1641

Re: Annuities vs the market

I was specifically interested in taking about half of my savings, approximately $800K and placing it in an annuity that would start when I retire. How did you become interested in this strategy? Sounds like an idea that a FA would come up with in order to generate a nice little annuity commission. ...
by mickeyd
Tue Aug 09, 2016 2:52 pm
Forum: Investing - Theory, News & General
Topic: Vanguard - why don't I 'feel' good about them?
Replies: 36
Views: 3441

Re: Vanguard - why don't I 'feel' good about them?

Fido and VG are both great investment companies. Though only Fido needs to feed the Johnson family
by mickeyd
Mon Aug 08, 2016 3:49 pm
Forum: Investing - Theory, News & General
Topic: Vanguard upgrading to Brokerage account comes with some nuisances
Replies: 64
Views: 6565

Re: Vanguard upgrading to Brokerage account comes with some nuisances

"Upgrade" is a pretty vague word. It often is preceded by the word free. I spoke with my Flagship Rep about this months ago and advised her that I did not care one way or the other. So, I was fine with it all remaining as it now is.

I guess that makes me an upgrade rejecter.
by mickeyd
Sat Aug 06, 2016 12:15 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3109
Views: 707158

Re: U.S. stocks in freefall

What are YOU doing with your money?



Since I have already "won the game" (as Dr. Bernstein puts it), I am staying the course (as Mr. Bogle puts it).
by mickeyd
Wed Aug 03, 2016 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: daves ramsey new ELPs [Endorsed Local Providers]
Replies: 37
Views: 3159

Re: daves ramsey new ELPs

As far as I can tell, this is just a rebranding, no real change to the ELP program.


Remember, Dave is in business to make $.
by mickeyd
Wed Aug 03, 2016 2:23 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisor Services
Replies: 36
Views: 4498

Re: Vanguard Personal Advisor Services

Granted, some people did not panic and stuck to their guns during 2008 and bravo to them, but there was widespread panic even on this forum.


I was around here in 2008 and recall no widespread panic at all. On the contrary, it was pretty calm.
by mickeyd
Sun Jul 31, 2016 1:42 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisor Services
Replies: 36
Views: 4498

Re: Vanguard Personal Advisor Services

Well you are age 40 and already have your first million. You obviously have been successful up to this point on your own. Why do you think that you need an advisor?

If I thought I needed an advisor, I would sign up for PAS.
by mickeyd
Sun Jul 31, 2016 1:15 pm
Forum: Personal Consumer Issues
Topic: New Tipping Practice?
Replies: 130
Views: 6265

Re: New Tipping Practice?

That's my point. Starting to remind me of the cashiers who ask me if I want to make a donation when I just pop into the store to pick up a quart of milk. That's really annoying. I donate to charity, but ones I know. I don't like to be put in the embarrassing position of saying no in a store to some...
by mickeyd
Sun Jul 31, 2016 12:51 pm
Forum: Personal Consumer Issues
Topic: New Tipping Practice?
Replies: 130
Views: 6265

Re: New Tipping Practice?

I'm unfamiliar with "food runners" and what they do.

Do they just pick up your food from the prep area/counter and deliver it to you or do they also refill water glasses, inquire about your happiness, clear the table after you depart etc.?
by mickeyd
Sat Jul 30, 2016 3:30 pm
Forum: Personal Consumer Issues
Topic: New Tipping Practice?
Replies: 130
Views: 6265

Re: New Tipping Practice?

We frequently order over the phone at a nearby Asian food place that serves up terrific chow. I always pick it up as it's only a few blocks away and only takes about 15 minutes to be ready. When I pay with a CC there is a place for tip and I always draw a line thru that and bring the total down and ...
by mickeyd
Thu Jul 28, 2016 2:14 pm
Forum: Investing - Theory, News & General
Topic: Investors are getting ripped off on index fund fees
Replies: 4
Views: 1541

Investors are getting ripped off on index fund fees

Index funds that charge high ER fees have been mentioned here on occasion in the past. This article notes that 401(k) investors are becoming wise to this often-used situation. Looks as though the general public may be waking up. Bogleheads have been aware of this forever. In the New York Life lawsui...
by mickeyd
Tue Jul 26, 2016 4:17 pm
Forum: Investing - Theory, News & General
Topic: ConsumerReports Sep 2016~Robo Platforms
Replies: 3
Views: 512

Re: ConsumerReports Sep 2016~Robo Platforms

Little noted specifically about VG but I assumed that it was PAS that they referred to as they quoted to Frank Kolimago of VG PAS in the article.
by mickeyd
Tue Jul 26, 2016 3:41 pm
Forum: Investing - Theory, News & General
Topic: ConsumerReports Sep 2016~Robo Platforms
Replies: 3
Views: 512

ConsumerReports Sep 2016~Robo Platforms

In a recent Consumer Reports article about ROBO-Advisers, a survey of over 150,000 CR subscribers selected Vanguard rated #1 by large investors (>$500,000 invested) and rated #1 by small investors (<$500,000). Vanguard was only mentioned in passing a few times in the body of the article though. The ...
by mickeyd
Tue Jul 26, 2016 2:24 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Prime Money Market Fund (VMMXX) Question?
Replies: 33
Views: 9916

Re: Vanguard Prime Money Market Fund (VMMXX) Question?

I got zero notice. Checked spam and message on my account. Nothing. You must not be in the Vanguard loop. I have received several notices via email in the last 6 months or so in addition to a call from my Flagship Rep (along with other issues) a couple of months ago. Like others have said, it's bei...
by mickeyd
Sat Jul 23, 2016 12:56 pm
Forum: Personal Consumer Issues
Topic: HOA Swimming Pool Trespassing Issue
Replies: 100
Views: 7003

Re: HOA Swimming Pool Trespassing Issue

Contact the insurance company that has the liability coverage on the pool. If one of those kids gets injured or killed while in the pool you can be sure that the parents will sue the HOA. Insurance company will have many ideas on how to resolve problem as the have a financial stake in this. Money ta...
by mickeyd
Thu Jul 21, 2016 2:53 pm
Forum: Investing - Theory, News & General
Topic: BOGLEHEAD CONTEST -- 2016 Mid-Year Report
Replies: 26
Views: 2740

Re: BOGLEHEAD CONTEST -- 2016 Mid-Year Report

Once again I find myself in the top 62. Still not good enough...
by mickeyd
Wed Jul 06, 2016 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Has a bank offered you a "Special" CD rate?
Replies: 16
Views: 1935

Re: Has a bank offered you a "Special" CD rate?

The only recent offer that I recall getting in the mail is from Discover Bank (I do not bank there) who offered 0.95% and a $100 bonus for the online savings account. Not an offer that motivated me.
by mickeyd
Wed Jul 06, 2016 10:56 am
Forum: Personal Finance (Not Investing)
Topic: 2.05% Five year CD looking very tempting with FDIC
Replies: 3
Views: 918

Re: 2.05% Five year CD looking very tempting with FDIC

These stinko rates sure make me happy that I stashed a good bit @ NFCU in December (2.5%/30 month CD). It's a good thing that interest rates are no longer important. :annoyed
by mickeyd
Mon Jul 04, 2016 12:30 pm
Forum: Local Chapters and Bogleheads Community
Topic: The Declaration of Independence
Replies: 44
Views: 3424

Re: The Declaration of Independence

It occurs to me that 240 years ago this group of men that met in Philadelphia to cobble together this document were some of the most remarkable individuals to be living on the earth at the same time, in the same place. What would have been the results if even one of them would have stayed home? Happ...
by mickeyd
Sun Jul 03, 2016 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: Need assistance with wife's 403b and annuities
Replies: 7
Views: 672

Re: Need assistance with wife's 403b and annuities

Welcome here KindeyMD. My DW was faced with a similar situation years ago and she also opted to not participate in a plan that had such steep ERs. You have to ask yourself why it costs so much to pay for an equity fund (59 bps) when one can easily obtain a Vanguard Total Stock Market (TSM) index fun...
by mickeyd
Sun Jul 03, 2016 1:36 pm
Forum: Investing - Theory, News & General
Topic: "Less is More"
Replies: 15
Views: 3037

Re: "Less is More"

I once was employed by a firm whose CEO bragged that he selected all 50 mutual fund options in the firm's 401(k) program. 2% each. As I had access to those records, I checked. Yes, he had selected all 50 funds to have his deduction applied to each pay period.

Unbelievable, yet true.
by mickeyd
Sun Jul 03, 2016 1:29 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Int'l Dividend Fund
Replies: 13
Views: 1815

Re: Vanguard Int'l Dividend Fund

Looks like another lame VG experiment in trying to be everything to everyone. Does the investment world really need another niche fund?
by mickeyd
Sat Jun 25, 2016 12:17 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3109
Views: 707158

Re: U.S. stocks in freefall

What's all that racket I hear out front?

"Hey you guys, get off of my lawn." 8-)

Now back to my favorite napping place.
by mickeyd
Thu Jun 23, 2016 9:10 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle will Appear on Webinar [June 15]
Replies: 66
Views: 5270

Re: Jack Bogle will Appear on Webinar [June 15]

This JB interview, paired up with the recent John Oliver show on retirement problems, make a good pair of links to suggest to someone who is looking for basic retirement investment advice.
by mickeyd
Thu Jun 23, 2016 9:04 am
Forum: Investing - Theory, News & General
Topic: NFL QB scammed in Ponzi operation
Replies: 1
Views: 637

NFL QB scammed in Ponzi operation

It never seems to end, wealthy athletes involved is questionable investments that will make them rich quickly. So few of them are guided to Vanguard it seems. “We allege that Narayan exploited athletes and other clients who trusted him to manage their finances," said Shamoil Shipchandler, direc...
by mickeyd
Tue Jun 21, 2016 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Eletronic Delivery vs Mail [fund statements, tax forms]
Replies: 46
Views: 2345

Re: Eletronic Delivery vs Mail

I prefer getting it all printed on paper as God and Bogle intended it to be. In addition, I can always get anything online. This way I can also insure future employment of my favorite USPS letter carrier and local recycling truck driver.
by mickeyd
Sun Jun 19, 2016 11:31 am
Forum: Investing - Theory, News & General
Topic: Reporter doing story on active funds in taxable account
Replies: 3
Views: 531

Re: Reporter doing story on active funds in taxable account

I am not a candidate for the reporter's article as I've been a passive investor for many years. Articles based on active vs. passive seem to be popular this season.

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