Search found 4321 matches

by mickeyd
Sun May 14, 2017 5:30 pm
Forum: Personal Consumer Issues
Topic: How much to tip movers?
Replies: 44
Views: 3329

Re: How much to tip movers?

I have moved a half-dozen times and don't recall if I ever tipped on any of those moves. I probably have one more move in me. Should I tip before, after or both ends for my next move?
by mickeyd
Sat May 13, 2017 1:26 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard's safest all-equity fund
Replies: 59
Views: 4900

Re: Vanguard's safest all-equity fund

I don't know about "safest." We all have our own definition, I think. There is always risk involved with equities. It's the nature of the beast. The Total Stock Market Index (TSM) fund includes about 4000 stocks. That's my choice for reasons too many to list here. It regularly beats 75%+ o...
by mickeyd
Thu May 11, 2017 4:14 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey's ELP's pay him to not understand investment fees
Replies: 24
Views: 2421

Re: Dave Ramsey's ELP's pay him to not understand investment fees

He says that you can expect a 12% return from an all stock portfolio tilted heavily towards growth.

He says that an 8% withdrawal rate is safe for retirees.


I have been surprised that someone does not sue Dave. Yea, I know...free speech etc. 8-)
by mickeyd
Sun May 07, 2017 3:18 pm
Forum: Investing - Theory, News & General
Topic: PMMF 2% FEE~Possible
Replies: 2
Views: 281

PMMF 2% FEE~Possible

I read the following regarding PMMF in the 2/28/2017 Semiannual Report. "A fee of up to 2% may be imposed by the fund board on the sale of shares if the fund's weekly liquid assets fall below specified thresholds of the total assets...The fee would reduce the dollar amount you receive for your ...
by mickeyd
Sat Apr 29, 2017 3:35 pm
Forum: Personal Consumer Issues
Topic: The Wolf of Wall Street is on FX tonight - Worth watching???
Replies: 29
Views: 2610

Re: The Wolf of Wall Street is on FX tonight - Worth watching???

I recall seeing the "cleaned up" version a while ago and it had certain vulgarities silenced and had "black boxes" where certain female body parts (the good ones) were supposed to be.It was better in the theater. As I recall, Jordan Belfort has a bit part near the end of the flic...
by mickeyd
Sat Apr 29, 2017 3:21 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Prime Money Market Fund (VMMXX)
Replies: 24
Views: 3561

Re: Vanguard Prime Money Market Fund (VMMXX)

As mentioned earlier, you will always pay taxes on any interest earned. IRS is good about getting its pound of flesh. I recall (as do many others) when PMMF had a yield of 5%+ and led the field. As it dropped below 1%, I moved my savings to Ally online (pays 1.05% now I believe). I can see me jumpin...
by mickeyd
Sat Apr 29, 2017 1:04 pm
Forum: Personal Consumer Issues
Topic: TV show recommendations?
Replies: 489
Views: 195536

Re: TV show recommendations?

F A R G O

As mentioned before, best show on TV for the last few years.
by mickeyd
Thu Apr 27, 2017 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: CCRC Tax Deduction?
Replies: 14
Views: 1080

Re: CCRC Tax Deduction?

I have a copy of a memo from a CCRC that we are considering regarding this topic. "The portion of these fees allocable to medical care by independent living residents has been determined in accordance with the percentage method, under which the ratio of total expenses allocable to resident medi...
by mickeyd
Mon Apr 24, 2017 6:36 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodbye."
Replies: 336
Views: 36643

Re: Larry Swedroe says "Goodby."

Say it ain't so Larry!
by mickeyd
Mon Apr 24, 2017 6:24 pm
Forum: Personal Consumer Issues
Topic: Are CCRCs a good deal? [Continuing Care Retirement Community]
Replies: 30
Views: 2667

Re: Are CCRCs a good deal?

It is only going to get worse as the number of elderly explodes in this country over coming years. That is the understatement of the generation. DW and I will be taking the CCRC trail soon. We have looked @ numerous places and attended dog-n-pony shows galore, along with tasty lunches. Our deposit ...
by mickeyd
Sat Apr 22, 2017 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank - Savings Account Rate Increased!
Replies: 70
Views: 8269

Re: Ally Bank - Savings Account Rate Increased!

MNGopher wrote:So, if you have a million with Ally, you will make an extra 5 hundred this year? :?
If you have a million with Ally, you'd be smart to move $750,000 to another bank since only $250 is FDIC insured.
by mickeyd
Sat Apr 22, 2017 1:30 pm
Forum: Investing - Theory, News & General
Topic: Ally Bank Just Raised 5yr CD to 2.25%
Replies: 28
Views: 3961

Re: Ally Bank Just Raised 5yr CD to 2.25%

A bit OT, but VGs PMMF is has a SEC yield of 0.93%.
by mickeyd
Wed Apr 19, 2017 3:33 pm
Forum: Personal Consumer Issues
Topic: Mens Blue Jeans - What are we buying now?!
Replies: 86
Views: 8109

Re: Mens Blue Jeans - What are we buying now?!

The best place I can locate that sells jeans for about $5 is Goodwill. They have easily 1000 pair in a local store.
by mickeyd
Wed Apr 19, 2017 3:30 pm
Forum: Investing - Theory, News & General
Topic: Ally Bank Just Raised 5yr CD to 2.25%
Replies: 28
Views: 3961

Re: Ally Bank Just Raised 5yr CD to 2.25%

All of the banks should be playing to game soon. It's worth my while to wait a bit.
by mickeyd
Mon Apr 17, 2017 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: "Vanguard's free RMD Service: Sign up before you turn 70½"
Replies: 23
Views: 2664

Re: "Vanguard's free RMD Service: Sign up before you turn 70½"

I have my IRA @ VG and do not use this service. I take my RMD around the end of the year and VG sends me a notice entitled "Required Minimum Distribution Confirmation Summary" each January advising me of my RMD requirements for the year. I use that as a guide when taking my distribution on...
by mickeyd
Sun Apr 09, 2017 4:01 pm
Forum: Investing - Help with Personal Investments
Topic: Front-end loads
Replies: 21
Views: 1857

Re: Front-end loads

I recently moved my and my wife's ROTH IRAs from American Funds to Vanguard


Welcome here mmecham,

Most Bogleheads have learned to consider past financial errors as a cost of our financial education. Now that you are on-board with VG, you may wish to do the same.
by mickeyd
Tue Apr 04, 2017 6:04 pm
Forum: Personal Consumer Issues
Topic: Cost of Booze on a Cruise
Replies: 68
Views: 6718

Re: Cost of Booze on a Cruise

My wife and I are taking a Holland America Baltic Sea cruise June (2017). We have not been on a cruise before and are wondering about the cost of wine and beer by the glass. HAL provides costs for various packages but I don't see cost per single drink. Also, I am wondering whether they offer craft ...
by mickeyd
Sat Apr 01, 2017 12:15 pm
Forum: Investing - Theory, News & General
Topic: Why are tax-exempt money market yields so high?
Replies: 25
Views: 5109

Re: Why are tax-exempt money market yields so high?

With a yield of 0.71%, it still does not compare favorably with a simple online account (FDIC insured) @ Ally that has an APY of 1%.
by mickeyd
Sat Mar 25, 2017 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO vs. USAA auto insurance
Replies: 55
Views: 14671

Re: GEICO vs. USAA auto insurance

Subscribers Savings Account
)

This term has not been used for this kind of USAA account for a number of years. It is currently called Subscribers Account.
by mickeyd
Sat Mar 18, 2017 4:35 pm
Forum: Investing - Theory, News & General
Topic: Bogle Interview CNN - Sat.
Replies: 71
Views: 5160

Bogle CNN Interview

[Thread merged into here, see below. --admin LadyGeek]

Just ran across this interview. Did not notice if it was posted today.

"By Wall street standards, I'm am idiot"

Classic Bogle.

Staythecourse.

http://www.cnn.com/videos/tv/2017/03/18 ... conomy.cnn
by mickeyd
Sat Mar 11, 2017 2:22 pm
Forum: Investing - Help with Personal Investments
Topic: High Expenses Company 401k
Replies: 14
Views: 1142

Re: High Expenses Company 401k

My question is at what point is an ER too high? How would you analyze, what would you do? It might be a good idea for you to realize that this is YOUR retirement plan. Sure your boss is in it too, but his selection of funds seems very costly to the other employees. You and other employees should me...
by mickeyd
Wed Mar 01, 2017 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: American General Life term-life policy
Replies: 7
Views: 522

Re: American General Life term-life policy

I am thinking of changing my agent and/or going for another term-life with another company. The agent should be able to give you specific information that you require. This delayed issue is holding up his commission also. He cares a great deal more about his money than your insurance. If he can not...
by mickeyd
Sun Feb 26, 2017 2:35 pm
Forum: Investing - Theory, News & General
Topic: Vanguard opens special offices for $1 million clients
Replies: 64
Views: 10967

Re: Vanguard opens special offices for $1 million clients

I reside nowhere near any of these proposed VG locations. Even if VG opened up a local shop, I doubt if I would be motivated to drop by and make an investment when it is so easy to manipulate my stash online now. However, if there was a free lunch involved, I'd probably be inspired to make a visit. ...
by mickeyd
Sat Feb 25, 2017 1:45 pm
Forum: Investing - Theory, News & General
Topic: Buffett Annual Letter 2016 [Jack Bogle is a hero]
Replies: 69
Views: 5882

Re: Buffett praises index funds, Bogle; unaware of Bogle's statue

Besides other obvious questions--is he advising against small-caps?


I think he is just keeping it simple. Once one gets to a certain age, simplicity seems to be an overriding aspect to equity investments.

Keeping it simple for 72 + years.
by mickeyd
Wed Feb 22, 2017 4:24 pm
Forum: Investing - Help with Personal Investments
Topic: New Boglehead Millionaire
Replies: 65
Views: 8161

Re: New Boglehead Millionaire

Investing really is easy when you follow the Boglehead approach.


Reminds me of a quote that I have captured from Dr. Bernstein "Dieting and investing are both simple, but neither is easy."
by mickeyd
Sat Feb 18, 2017 2:58 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3511
Views: 905993

Re: U.S. stocks in freefall

Uncle Pennybags wrote:
Doom&Gloom wrote:I hit a milestone today. Sell everything; thank me later 8-)

I'm selling all stock and buying cigars; time for a commodity play.


I see that move going up in smoke.
by mickeyd
Thu Feb 16, 2017 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: Credit cards vs. Cash
Replies: 123
Views: 7537

Re: Credit cards vs. Cash

CC for everything.

Next subject.
by mickeyd
Sun Feb 05, 2017 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Is whole life necessary with no debt?
Replies: 22
Views: 1683

Re: Is whole life necessary with no debt?

Welcome here bmh33, We have zero debt...recently paid off the house, no car loans, no credit cards, etc We have around $800k in savings and both have term life insurance policies Congratulations. You have a wonderful financial start. Don't screw it up by buying an unnecessary WL policy that is sure ...
by mickeyd
Sun Feb 05, 2017 3:51 pm
Forum: Local Chapters and Bogleheads Community
Topic: How Did You Become A Boglehead? What Led You Here?
Replies: 168
Views: 14860

Re: How Did You Become A Boglehead? What Led You Here?

Welcome here Dek17, though I'm a newcomer as of this January, perhaps I'm already becoming a Boglehead even though I haven't posted much - yet. Nothing is official until you are advised of the secret Boglehead password and secret handshake. At that time you will receive the official Boglehead member...
by mickeyd
Tue Jan 31, 2017 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Donating an old car
Replies: 26
Views: 1706

Re: Donating an old car

A few years ago I donated my 15YO Camry to St. Vincent DePaul. They ended up receiving $1800 cash from the process.
by mickeyd
Sun Jan 29, 2017 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax is playing games again.
Replies: 52
Views: 10113

Re: TurboTax is playing games again.

Signed up for TT Deluxe online for $24.99 @ USAA. Pretty sure that's all I'll need this year. Still miss free TT @ VG tho.
by mickeyd
Sun Jan 29, 2017 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Employer Delaying 2016 401k Match
Replies: 17
Views: 1624

Re: Employer Delaying 2016 401k Match

What does it say in your plan's Summary Plan Description (SPD) document about employer match? Employer matching contributions are generally discretionary, and they can be stopped anytime. There is no law that employers should match your 401k contributions. What I would be concerned about is if the ...
by mickeyd
Sun Jan 29, 2017 4:25 pm
Forum: Investing - Help with Personal Investments
Topic: Variable Life Insurance
Replies: 9
Views: 685

Re: Variable Life Insurance

Hey jamieblu, Welcome here. I am a little nauseated that my advisor didn't mention any of the 'cons' associated with this policy. Don't look for the insurance agent to clutter up his/her sales pitch with cons. His/her job is to concentrate on the pros while distracting you from the cons. That's the ...
by mickeyd
Sat Jan 28, 2017 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Changing FICO Score
Replies: 42
Views: 4320

Re: Changing FICO Score

Now that my FICO score regularly is listed on both my DC and VISA card I notice that it bounces from about 790 to 830 or so monthly for no apparent reason. I do not intend on taking out a loan soon, so it really makes no difference to me. Just one more thing in the world of high finance to not worry...
by mickeyd
Wed Jan 25, 2017 4:58 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle on CNBC & Reforms
Replies: 11
Views: 1716

Re: Jack Bogle on CNBC & Reforms

I have heard him say this at other times. I believe that his numbers reflect the fact that ETFs can be easily sold any time of the day but MF only at the end of the day. It indicates that ETF owners do not tend to hold their funds thru thick and thin while MF investors stay the course. Just my 2 cen...
by mickeyd
Wed Jan 11, 2017 4:42 pm
Forum: Investing - Theory, News & General
Topic: Bogle worried Vanguard is getting too big
Replies: 68
Views: 12713

Re: Bogle worried Vanguard is getting too big

Index fund investing only works if everyone doesn't do it.


I do not care what everyone does. I only care about me and mine.
by mickeyd
Sat Jan 07, 2017 4:32 pm
Forum: Investing - Theory, News & General
Topic: S&P 500 up 1.85% in first four days of 2017
Replies: 10
Views: 1648

Re: S&P 500 up 1.85% in first four days of 2017

McGilicutty wrote:It sure is nice to make money just by sitting on the old keister.


You really only made money if you liquidated your funds and got cash. Let the arguments begin!
by mickeyd
Sat Jan 07, 2017 4:21 pm
Forum: Investing - Theory, News & General
Topic: "Yield surge: Remember the real role of bonds"
Replies: 50
Views: 6475

Re: "Yield surge: Remember the real role of bonds"

Tim Buckley and Bill McNabb discussed this at length during Thursday's Webinar. I believe that they said stay the course also.
by mickeyd
Sat Jan 07, 2017 4:13 pm
Forum: Investing - Help with Personal Investments
Topic: Certificate of Deposit
Replies: 3
Views: 582

Re: Certificate of Deposit

markotide wrote:Are short term cd's a good place to put money so as to keep it safe.... Other options ?


Hey markotide.

Welcome here.

CDs in a FDIC insured bank or other federally insured institution, are a good place for short-term cash that keep money safe. Many choices. What are you saving for?
by mickeyd
Sat Jan 07, 2017 3:55 pm
Forum: Investing - Theory, News & General
Topic: Bogle worried Vanguard is getting too big
Replies: 68
Views: 12713

Re: Bogle worried Vanguard is getting too big

Bogle says that it "troubles" him, but does not suggest that Vanguard investors should direct their investments elsewhere. I believe that Vanguard can handle to troubles of Bogle with ease.
by mickeyd
Sat Jan 07, 2017 3:31 pm
Forum: Investing - Help with Personal Investments
Topic: should i surrender my fixed indexed annuity
Replies: 13
Views: 1065

Re: should i surrender my fixed indexed annuity

Hey akanki99, Welcome here. Since you acquired this annuity less than 2 years ago I strongly suggest that you file a complaint with your state Commissioner of Insurance. If your agent got about 5% commission that would be about $18K. I have seen questionable transactions for much less. Most states h...
by mickeyd
Sat Jan 07, 2017 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: cancelling whole life policy
Replies: 3
Views: 470

Re: cancelling whole life policy

2. I am unclear if the broker's hesitation was pure laziness or whether there is some better way to handle replacing policies. Not sure what his motivation was to have you lie on the application for LI. Ethics alert! Ask to speak with the agent's manager or supervisor and ask for an explanation tha...
by mickeyd
Sat Jan 07, 2017 3:06 pm
Forum: Investing - Theory, News & General
Topic: Kiplinger's 6 Vanguard Index Funds to Buy and Hold Forever
Replies: 7
Views: 2410

Re: Kiplinger's 6 Vanguard Index Funds to Buy and Hold Forever

Nice review of ETFs. Wonder why I had a Vanguard pop-up on my screen? :shock:
by mickeyd
Sat Jan 07, 2017 2:48 pm
Forum: Investing - Help with Personal Investments
Topic: New to Bogle
Replies: 24
Views: 1436

Re: New to Bogle

Hey cholondo. Welcome here. Does rebalancing all of these accounts while the stock market is high going to cost me anything in the long term What many of us do is follow the Plan or IPS that we construct at the beginning of things. Years from now (if you continue to invest like you do now) you will ...
by mickeyd
Thu Jan 05, 2017 7:55 pm
Forum: Personal Consumer Issues
Topic: Tipping sole proprietor for local tour or cooking class - how much?
Replies: 6
Views: 881

Re: Tipping sole proprietor for local tour or cooking class - how much?

If the tour guide is an independent contractor, I don't see any reason to add more to his/her fee. If he charged you the right price, no added fee is required. Buy him a beer at the end of the deal.
by mickeyd
Wed Jan 04, 2017 2:32 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard statement error
Replies: 4
Views: 820

Re: Vanguard statement error

Call VG ASAP and they will correct or tell you why not.
by mickeyd
Tue Jan 03, 2017 4:02 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle interview with MarketWatch
Replies: 3
Views: 728

Re: Jack Bogle interview with MarketWatch

Great interview. Much thanks for the link. It contains many "Bogleisms". I liked this best... The idea of bonds is not that you will get a higher return, but that you will feel more comfortable with your portfolio and be able to follow the basic Bogle principle of ‘Don’t do something, just...
by mickeyd
Tue Jan 03, 2017 11:33 am
Forum: Personal Finance (Not Investing)
Topic: USAA Dividend Distribution
Replies: 28
Views: 2968

Re: USAA Dividend Distribution

USAA Subscribers Account recipients do not receive "dividends". It's a different deal than USAA folks that may receive dividends.

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