Search found 7011 matches

by tadamsmar
Tue Jan 17, 2017 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard on finding a dead person's password
Replies: 54
Views: 4185

Re: Vanguard on finding a dead person's password

This link:

https://investor.vanguard.com/inherit/

implies that what you need to deal with a dead person's account is their name, address, the last 4 digits of the SS number, and a death certificate.
by tadamsmar
Tue Jan 17, 2017 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard on finding a dead person's password
Replies: 54
Views: 4185

Re: Vanguard on finding a dead person's password

C'mon folks, We get this type of thread every year. The OP posted a link to a page that is almost 3 years old. Vanguard should probably delete it now as it conflicts with their online fraud [prevention] policy that was referenced earlier: https://personal.vanguard.com/us/help/SecurityOnlineFraudPle...
by tadamsmar
Mon Jan 16, 2017 6:09 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard on finding a dead person's password
Replies: 54
Views: 4185

Re: Vanguard on finding a dead person's password

fourwheelcycle wrote:The people noted above may need to know the deceased's account numbers in order to advise Vanguard of their interest in the accounts...


Some seem to believe that Vanguard can't figure out who owns what.

It that plausible?
by tadamsmar
Sun Jan 15, 2017 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard on finding a dead person's password
Replies: 54
Views: 4185

Re: Vanguard on finding a dead person's password

Sharing your password is not exactly the same as leaving it in a place where it can be accessed if you die. This issue is important because transactions made using a shared password are considered to be authorized by the account holder under the policies of every mutual fund company and brokerage t...
by tadamsmar
Sun Jan 15, 2017 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard on finding a dead person's password
Replies: 54
Views: 4185

Re: Vanguard on finding a dead person's password

For retirement assets our durable powers of attorney give each of us the right to manage them. Again, having the passwords is handy. Why would that be handy? Does the POA authorize the spouse to use your Vanguard account before your death? Does the POA authorize the spouse to use your Vanguard acco...
by tadamsmar
Sun Jan 15, 2017 8:05 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard on finding a dead person's password
Replies: 54
Views: 4185

Re: Vanguard on finding a dead person's password

Compound wrote:The need to sleuth around for passwords seems very strange to me -- not sure why they'd suggest this.

Account numbers -- well, that makes some sense.


I have an inventory of assets sheet in my lock box. All provide is the name of firms holding the accounts. Is there a reason to provide more?
by tadamsmar
Sun Jan 15, 2017 5:23 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard on finding a dead person's password
Replies: 54
Views: 4185

Vanguard on finding a dead person's password

On a page entitled "Dealing with a loved one's death", Vanguard says: Ideally, you (or a family member, friend, advisor, or attorney) know where your loved one stored this information, along with financial account numbers and passwords. You may have to put on your detective hat and search ...
by tadamsmar
Fri Jan 13, 2017 8:11 pm
Forum: Investing - Theory, News & General
Topic: How Bad was 2008, really?
Replies: 187
Views: 11538

Re: How Bad was 2008, really?

Some of us learned what "breaking the buck" meant. Some money market fund investments, one of the safest investments, actually lost money. "On September 16, 2008, The Reserve Primary Fund broke the buck when its net asset value (NAV) fell to 97 cents per share. It was one of the first...
by tadamsmar
Fri Jan 13, 2017 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: Saving on tax software
Replies: 3
Views: 505

Saving on tax software

I use H&R Block software.

The version that I wanted to buy for download was $10 cheaper when I logged into an existing account.

Also they have a "free" version that includes Schedule A. Might apply to some Bogleheads. But maybe they make some money on state returns or e-filing.
by tadamsmar
Thu Jan 12, 2017 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Doing an intra-family loan
Replies: 18
Views: 971

Re: Doing an intra-family loan

You might be better off "loaning" her an amount that you would be happy to gift her in the event that she is unable to repay the loan in the future. This seems like very treacherous waters to be wading into with many potential downsides. There certainly are risks that I will not get the m...
by tadamsmar
Thu Jan 12, 2017 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Doing an intra-family loan
Replies: 18
Views: 971

Re: Doing an intra-family loan

Actually, I did not understand what my daughter was talking about. She wanted us to gift them $200,000 for the down payment and then they would gift us back the money later. It would officially be a gift. Someone told her this would work, but: 1. I have to understand what to do to avoid gift taxes i...
by tadamsmar
Thu Jan 12, 2017 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Doing an intra-family loan
Replies: 18
Views: 971

Re: Doing an intra-family loan

But you mention a 1031 exchange, which only applies to like-kind investment property. Are you saying that they want to borrow $200K from you to make a down payment to buy an investment property? No that was just an event from a few years ago where I learned that buyers sometimes have to compete ove...
by tadamsmar
Thu Jan 12, 2017 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Doing an intra-family loan
Replies: 18
Views: 971

Re: Doing an intra-family loan

Research the issue of whether a bank will give her a mortgage with an outstanding $200,000 loan. It is my understanding that they probably will not. That's what I thought, too. When we bought a home, the realtor said that any big deposit showing up in my bank account would get a lot of scrutiny. I ...
by tadamsmar
Thu Jan 12, 2017 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Doing an intra-family loan
Replies: 18
Views: 971

Doing an intra-family loan

My daughter may be asking for a $200,000 loan for a down-payment on buying a family home in LA.

I was looking at how to do it in a way that is consistent with IRS rules. Looks a little complicated. Some websites recommend using a lawyer and an accountant.

Anyone have experience with this?
by tadamsmar
Tue Jan 10, 2017 3:34 pm
Forum: Investing - Help with Personal Investments
Topic: How to politely fire my financial advisor
Replies: 66
Views: 6231

Re: How to politely fire my financial advisor

Mine seemed to immediately understand when I said the V-word, Vanguard. Way back in 1999.
by tadamsmar
Tue Jan 10, 2017 12:44 pm
Forum: Investing - Theory, News & General
Topic: How Bad was 2008, really?
Replies: 187
Views: 11538

Re: How Bad was 2008, really?

For me, this was the most memorable thread from that period: https://www.bogleheads.org/forum/viewtopic.php?t=30085 There is a serious discussion about "having to take less risk" by some influential Bogleheads. I think that phrase is just a euphemism for capitulation. That aspect of Plan B...
by tadamsmar
Fri Jan 06, 2017 9:21 pm
Forum: Investing - Theory, News & General
Topic: I am timing the market. Why am I wrong?
Replies: 89
Views: 5692

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

What do you have the 85% non-stock allocation in? The best PE studies shows about a 2% average yearly real return for the market at these high PEs. But Bonds don't perform well either starting from here. The best reaction to high PEs is to assume low returns and save more. But, because of the volati...
by tadamsmar
Fri Jan 06, 2017 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: What do I need? Will/trust/health directives?
Replies: 4
Views: 415

Re: What do I need? Will/trust/health directives?

ResearchMed makes a good point about the children. We did not have any minor children when we went to a lawyer for our wills. We had DIY wills before that.
by tadamsmar
Fri Jan 06, 2017 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: What do I need? Will/trust/health directives?
Replies: 4
Views: 415

Re: What do I need? Will/trust/health directives?

When I went to a lawyer for a will, I also set up a Power of Attorney (POA), a Health Care Power of Attorney, and an Advanced Directive. My wife and I set up these documents. The POA covers my affairs if I am not able to. It designates a primary and alternate to have POA. The Health Care POA designa...
by tadamsmar
Fri Jan 06, 2017 10:16 am
Forum: Investing - Theory, News & General
Topic: Skeptical of the hidden risk in Value - convince me
Replies: 37
Views: 2332

Re: Skeptical of the hidden risk in Value - convince me

Risk is the risk of losing money. Not sure if there is a formula for relating volatility to the risk of losing money, and if there is then the consumption schedule would have to be a factor. Volatility also impacts investment growth. For a given average yearly return, higher year-wise volatility mea...
by tadamsmar
Fri Jan 06, 2017 9:52 am
Forum: Investing - Theory, News & General
Topic: All your eggs in one basket vs. concern about being hacked?
Replies: 41
Views: 4143

Re: All your eggs in one basket vs. concern about being hacked?

Vanguard says to search for passwords after the death of a loved one: Ideally, you (or a family member, friend, advisor, or attorney) know where your loved one stored this information, along with financial account numbers and passwords. You may have to put on your detective hat and search through pa...
by tadamsmar
Fri Jan 06, 2017 8:35 am
Forum: Investing - Theory, News & General
Topic: All your eggs in one basket vs. concern about being hacked?
Replies: 41
Views: 4143

Re: All your eggs in one basket vs. concern about being hacked?

If you are concerned about this stuff then you might want to visit your Vanguard account maintenance page. Check out the Alerts section and the Security Profile section. A few things of interest: Phone alerts Security codes Physical USB security keys Computer access restrictions Account permissions:...
by tadamsmar
Fri Jan 06, 2017 3:17 am
Forum: Personal Finance (Not Investing)
Topic: Is it safe to use debit cards? Anybody here have one compromised?
Replies: 67
Views: 4492

Re: Is it safe to use debit cards? Anybody here have one compromised?

Aren't there federal and state laws that protect consumers making credit card purchases that don't exist for debit card purchases? For those we are subject to the "goodwill" of banks! :shock: Correct ... There are federal protections, just not as good as for credit cards. https://www.cons...
by tadamsmar
Thu Jan 05, 2017 8:10 pm
Forum: Investing - Theory, News & General
Topic: Skeptical of the hidden risk in Value - convince me
Replies: 37
Views: 2332

Re: Skeptical of the hidden risk in Value - convince me

I was just thinking about the notion of hidden risk in Value. I know Fama seems to think it's the best explanation of Value's out-performance. I do a good bit of analysis of money management in gambling which is basically the same analysis as for any other investment risk. I don't see that there is...
by tadamsmar
Thu Jan 05, 2017 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Is it safe to use debit cards? Anybody here have one compromised?
Replies: 67
Views: 4492

Re: Is it safe to use debit cards? Anybody here have one compromised?

If you don't monitor your bank statement for fraud, then you are liable for check fraud losses and debit card fraud losses after 30-60 days under federal law. Basically the same routine statement review is required to avoid large losses for checks and debit cards. So, are checks any safer? Credit ca...
by tadamsmar
Thu Jan 05, 2017 3:58 pm
Forum: Investing - Theory, News & General
Topic: Skeptical of the hidden risk in Value - convince me
Replies: 37
Views: 2332

Re: Skeptical of the hidden risk in Value - convince me

Assuming that you have thought about how much of premium investors might be willing to pay for stocks with higher Return-on-Equity ROE, what does that have to do with the price of eggs? Everything. So-called growth stocks have higher ROE than so-called Value stocks. If Company A and B, with ROE 10%...
by tadamsmar
Thu Jan 05, 2017 3:53 pm
Forum: Investing - Theory, News & General
Topic: Skeptical of the hidden risk in Value - convince me
Replies: 37
Views: 2332

Re: Skeptical of the hidden risk in Value - convince me

Assuming that you have thought about how much of premium investors might be willing to pay for stocks with higher Return-on-Equity ROE, what does that have to do with the price of eggs? Everything. So-called growth stocks have higher ROE than so-called Value stocks. If Company A and B, with ROE 10%...
by tadamsmar
Thu Jan 05, 2017 11:59 am
Forum: Investing - Theory, News & General
Topic: Skeptical of the hidden risk in Value - convince me
Replies: 37
Views: 2332

Re: Skeptical of the hidden risk in Value - convince me

For kicks, I went over to portfoliovisualizer, and entered in VG mid-cap value (VMVIX) 100%, vs. VG mid-cap growth (VMGRX). VMVIX was 18.24% SD vs. VMGRX at 17.28%. A higher SD, implies greater volatility, which implies greater risk. I imagine you could pick any number of other similar comparisons,...
by tadamsmar
Thu Jan 05, 2017 11:52 am
Forum: Investing - Theory, News & General
Topic: Skeptical of the hidden risk in Value - convince me
Replies: 37
Views: 2332

Re: Skeptical of the hidden risk in Value - convince me

Gambling to me is the "small cap growth" phenomenon writ large. You know that on average the house wins *but* you might hit the jackpot. I think that's called "right skew returns"? Money management in gambling involves exposing only a fraction of your bankroll, could be a small ...
by tadamsmar
Thu Jan 05, 2017 10:51 am
Forum: Investing - Theory, News & General
Topic: Skeptical of the hidden risk in Value - convince me
Replies: 37
Views: 2332

Skeptical of the hidden risk in Value - convince me

I was just thinking about the notion of hidden risk in Value. I know Fama seems to think it's the best explanation of Value's out-performance. I do a good bit of analysis of money management in gambling which is basically the same analysis as for any other investment risk. I don't see that there is ...
by tadamsmar
Wed Jan 04, 2017 1:07 pm
Forum: Investing - Help with Personal Investments
Topic: Don't Shoot. Questioning 401k
Replies: 28
Views: 2956

Re: Don't Shoot. Questioning 401k

I've been reading a lot on this forum and I get the general consensus of how conservative and retirement-focused this community is. I've used feedback from folks here to fight our bad 401k program at my previous job and made lots of great changes. As I elect to participate in my new 401k plan (no m...
by tadamsmar
Wed Jan 04, 2017 12:37 pm
Forum: Investing - Theory, News & General
Topic: Champion of 401K Lament the Revolution they Started
Replies: 75
Views: 4472

Re: On Point - Big Worries For Your 401(K) Retirement Plan

Check the greeness of the grass other side of the fence by googling news on pensions.

Seems to be a lot of cuts and defaults for retirees who worked in dying industries.
by tadamsmar
Wed Jan 04, 2017 12:31 pm
Forum: Investing - Theory, News & General
Topic: Champion of 401K Lament the Revolution they Started
Replies: 75
Views: 4472

Re: On Point - Big Worries For Your 401(K) Retirement Plan

Rainmaker41 wrote:Was this already broadcast? I can't find it.


Broadcast at 11 today.

http://www.wbur.org/onpoint

Looks like the podcast is not posted yet. Maybe in 24 hours since yesterday's show is posted. Should have a link here
when it is posted:

http://www.wbur.org/onpoint/archive
by tadamsmar
Wed Jan 04, 2017 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Another view on Vanguard security
Replies: 20
Views: 2258

Re: Another view on Vanguard security

Not exactly hacking, it isn't Vanguard, and this isn't in the U.S., but Family who had £45,000 stolen from Santander bank account won't get money back . There were about a couple levels of incompetency involved here for the fraudsters to successfully pull off this heist. Besides Symantec's latest a...
by tadamsmar
Tue Jan 03, 2017 8:22 pm
Forum: Personal Consumer Issues
Topic: Running electrical wire (Romex) on outside of house without conduit. Allowed?
Replies: 29
Views: 2574

Re: Running electrical wire (Romex) on outside of house without conduit. Allowed?

I couldn't imagine a reputable electrician doing work that was dangerous or against code. So, I'm kind-of left in a quandary. I could continue using this style and I could rather easily add another outlet. Or I would have to go back and undo all the old work and add conduit to the entire length of ...
by tadamsmar
Tue Jan 03, 2017 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Another view on Vanguard security
Replies: 20
Views: 2258

Re: Another view on Vanguard security

Mutual fund and brokerages have reimbursement guarantees, but you have responsibilities: https://personal.vanguard.com/us/help/SecurityOnlineFraudPledgeContent.jsp Note that these exist because there are no federal guarantees for mutual funds and brokerages like those for personal bank and credit ca...
by tadamsmar
Tue Jan 03, 2017 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Another view on Vanguard security
Replies: 20
Views: 2258

Re: Another view on Vanguard security

Since V confirms transactions and especially address change--how could someone clean out my accounts- unless I disregard all emails. Any observations would be appreciated I believe adding a new bank account takes a few weeks, plus triggers a mailed notice. Plus, the email notices. I think it would ...
by tadamsmar
Mon Jan 02, 2017 6:52 am
Forum: Investing - Theory, News & General
Topic: Bogle worried Vanguard is getting too big
Replies: 66
Views: 11124

Re: Bogle worried Vanguard is getting too big

Getting big can present a problem for active mutual funds, and Vanguard has some of those.

But I can't see it as a problem for brokering cap-weighted index funds, unless it got so close to 100% that there were too few price setters left and that is far from happening.
by tadamsmar
Sun Jan 01, 2017 5:19 pm
Forum: Investing - Help with Personal Investments
Topic: Over weight Roth when rebalancing?
Replies: 7
Views: 546

Re: Over weight Roth when rebalancing?

No, I use my Roth to fill deficiencies in my boat anchor of a 401k. I did a Roth conversion, so Roth is becoming a bigger percentage of my allocation. If your Roth approximately tracks your overall allocation, then it's not much of an issue. This issue also apply to taxable funds if they include a ...
by tadamsmar
Sun Jan 01, 2017 9:50 am
Forum: Investing - Help with Personal Investments
Topic: Over weight Roth when rebalancing?
Replies: 7
Views: 546

Over weight Roth when rebalancing?

I find my tax-deferred holdings worth less than my Roth holdings due to taxes.

Do you account for this when you rebalance?
by tadamsmar
Fri Dec 30, 2016 4:13 pm
Forum: Investing - Theory, News & General
Topic: Appreciating Bogle and Reversion to the Mean
Replies: 12
Views: 1278

Re: "The Telltale Chart"

Bogleheads: I heard Mr. Bogle give a speech about " Reversion to the Mean ." This is the link: The Telltale Chart Happy New Year! Taylor For the returns of market sectors, of managed investment portfolios, and even of the market itself mysteriously return, over time, to norms of one kind ...
by tadamsmar
Fri Dec 30, 2016 3:22 pm
Forum: Investing - Theory, News & General
Topic: Appreciating Bogle and Reversion to the Mean
Replies: 12
Views: 1278

Re: Appreciating Bogle and Reversion to the Mean

If you say it returns to the mean, then put your money where your mouth is. Except you are mistaken about what you think RTM implies. If a series of coin flips comes up heads 75% of the time, the next series of coin flips IS NOT expected to come up tails 75% of the time. It is expected to be 50/50....
by tadamsmar
Fri Dec 30, 2016 6:08 am
Forum: Investing - Help with Personal Investments
Topic: TSP F Fund or Vanguard Funds?
Replies: 38
Views: 1948

Re: TSP F Fund or Vanguard Funds?

This indicates that the average maturity on the bonds that determine the G Fund rate is about 11 years.

https://www.tsp.gov/PDF/formspubs/FundG.pdf

I think that means you get approximately the 10 year treasury bond rate on what amounts to a savings account with no risk of a decline.
by tadamsmar
Fri Dec 30, 2016 5:48 am
Forum: Investing - Help with Personal Investments
Topic: TSP F Fund or Vanguard Funds?
Replies: 38
Views: 1948

Re: TSP F Fund or Vanguard Funds?

The TSP L 2050 Fund uses The G Fund for 75% of the bond allocation. This is an allocation planned by experts. I know you are young and appropriately going for a high equity allocation. But I don't think you should discount the G Fund vs other bond funds, it's like a savings account on steroids. Your...
by tadamsmar
Tue Dec 27, 2016 6:06 am
Forum: Personal Finance (Not Investing)
Topic: Can I help settle my father in law's estate without an attorney?
Replies: 44
Views: 3161

Re: Can I help settle my father in law's estate without an attorney?

I used the tax value as estate value, and it was not challenged. But I now don't think it's kosher. I later noticed that tax values did not go up when a NASCAR driver bought a farm in the neighborhood at 2 times it's tax value. The county rezoned part of that land commercial and the per acre value o...
by tadamsmar
Mon Dec 26, 2016 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Can I help settle my father in law's estate without an attorney?
Replies: 44
Views: 3161

Re: Can I help settle my father in law's estate without an attorney?

What do you mean regarding "negotiation with the other co-owner." I'm not clear how title is held, but I was anticipating the possibility one owner may wish to sell and the other not. Also, there could be disagreements over other matters concerning the property which could require legal i...
by tadamsmar
Mon Dec 26, 2016 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Can I help settle my father in law's estate without an attorney?
Replies: 44
Views: 3161

Re: Can I help settle my father in law's estate without an attorney?

When I was an executor, I just filed the paperwork with the Clerk of Court and the Clerk must have arranged for the deeds to be updated. The farm was no harder than the rest.
by tadamsmar
Mon Dec 26, 2016 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Can I help settle my father in law's estate without an attorney?
Replies: 44
Views: 3161

Re: Can I help settle my father in law's estate without an attorney?

Thank you all for your replies. This is in Nebraska. I am hoping we can meet with the attorney in the next few days. I know that he has already begun some of the estate work, I believe papers have been filed establishing my mother in law as executor/personal representative, to obtain a federal EIN ...
by tadamsmar
Mon Dec 26, 2016 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Can I help settle my father in law's estate without an attorney?
Replies: 44
Views: 3161

Re: Can I help settle my father in law's estate without an attorney?

Here's a summary for Nebraska: https://www.legalconsumer.com/inheritancelaw/topic.php?TopicID=20&ST=NE Note the "Informal Probate" process. That sounds similar to the process in NC for the 2 wills where I was executor. Just some filings and approvals involving the Clerk of Court in my ...
by tadamsmar
Mon Dec 26, 2016 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Can I help settle my father in law's estate without an attorney?
Replies: 44
Views: 3161

Re: Can I help settle my father in law's estate without an attorney?

I have settled 2 estates without a lawyer. I used an appraiser for one of them to divide up some valuable antiques. I used a free notary at my bank. Both wills involved a farm but the value was less in the 1990's. They were in NC. They both went through probate. It was straightforward, just some sho...

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