Search found 165 matches

by tooluser
Tue Oct 17, 2017 9:45 pm
Forum: Investing - Theory, News & General
Topic: Fellow TDA bogleheads [TDA dropping Vanguard ETFs from commission-free list]
Replies: 285
Views: 13089

Re: Fellow TDA bogleheads [TDA dropping Vanguard ETFs from commission-free list]

I just happen to be in the middle of trying to transfer some ETFs (Vanguard and iShares) from TD Ameritrade to a new Merrill Edge account. My impression so far is that ME is incompetent, though I am reserving final judgment on that. Several trivial mistakes on their part (e.g. two typos they made wh...
by tooluser
Sun Oct 15, 2017 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Freeze - What did you do?
Replies: 71
Views: 5451

Re: Pension Freeze - What did you do?

One way my former employer handled it was to use (age + years of service) as its threshold. In that way, older employees with less service were held harmless (which had to help with "disparate impact" lawsuits) and younger, longer-term loyal employees were also held harmless. You might suggest some...
by tooluser
Wed Oct 11, 2017 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Card - Should I get a Replacement
Replies: 47
Views: 2554

Re: Social Security Card - Should I get a Replacement

As I recall it was just a blue slip of cardboard, not exactly secure or anything. Mine was heavy stock paper, not even paperboard, yet alone cardboard. It was stolen in a burglary a couple of years ago. At the time, to replace it would have meant sitting in the social security office several miles ...
by tooluser
Mon Oct 09, 2017 2:58 pm
Forum: Personal Consumer Issues
Topic: Do you want your receipt?
Replies: 99
Views: 7435

Re: Do you want your receipt?

investorpeter wrote:
Sat Oct 07, 2017 12:22 pm
(... if I'm doing the laundry, it will not be found until the next time I wear those pants and find a little ball of paper at the bottom of my pocket). What do Bogleheads do?
I always carefully uncrumple the little ball of paper to see if there is still any writing on it. :confused
by tooluser
Sat Oct 07, 2017 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Freeze - What did you do?
Replies: 71
Views: 5451

Re: Pension Freeze - What did you do?

Wow, so you're represented by a (weak) union, yet the benefits are not negotiated in the contract? In my workplace any adjustment to the retirement benefits would require us agreeing to a change in the CBA. Also, as mentioned above, some union pension plans ("multi-employer") are not covered by the...
by tooluser
Sat Oct 07, 2017 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Freeze - What did you do?
Replies: 71
Views: 5451

Re: Pension Freeze - What did you do?

It is a bit of a race to the bottom. Part of a business and government trend to push risk to individuals. On the business side it has become acceptable to do this and a company might be questioned as to why they aren't doing this to maximize earnings. On the government side there is always a concer...
by tooluser
Sat Oct 07, 2017 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Freeze - What did you do?
Replies: 71
Views: 5451

Re: Pension Freeze - What did you do?

Several times I have seen or heard of the series of layoffs that go something like; 1) Great package that anyone that is eligible for should jump at especially if they have other healthcare options and want to retire early. 2) Still really good and most people will be able find other work and do OK...
by tooluser
Fri Oct 06, 2017 10:55 pm
Forum: Investing - Help with Personal Investments
Topic: Third time in my 32 year career I have been laid off
Replies: 87
Views: 10020

Re: Third time in my 32 year career I have been laid off

Condolences, I feel a little better now, maybe. :? (See Pension Freeze thread.)
If I were in your position I would seek a little more for assets or income. Not a whole lot though. Very tempting.
Plan B - retire at a more modest lifestyle. Freedom isn't free.
by tooluser
Fri Oct 06, 2017 10:26 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Freeze - What did you do?
Replies: 71
Views: 5451

Re: Pension Freeze - What did you do?

2) My company gave credit for additional years of service in the lump sum calculation to people who had worked there more than ten years. This helped the older employees do OK . I am not sure how common that is. Thank you to all the comments so far. The item 2) above I had not considered and may be...
by tooluser
Fri Oct 06, 2017 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Freeze - What did you do?
Replies: 71
Views: 5451

Re: Pension Freeze - What did you do?

I’m surprised a freeze would have such a significant impact to a long-term employee unless you expect your income to ramp upconsiderably in next two years? You’re entitled to what you’ve already accrued All depends on the formula. I have seen plenty of plans that really add significantly to the pay...
by tooluser
Fri Oct 06, 2017 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Freeze - What did you do?
Replies: 71
Views: 5451

Re: Pension Freeze - What did you do?

Since you are a saver, it may be to your advantage that future contributions are now in your name. In some sense, maybe. My initial calculations have indicated a significant loss in NPV. At least a couple of years in savings and earnings. I have to tune that calculation up to really know. If the st...
by tooluser
Fri Oct 06, 2017 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Freeze - What did you do?
Replies: 71
Views: 5451

Re: Pension Freeze - What did you do?

Some organizations do pension freezes to encourage a higher level of attrition, often primarily older workers. It's easier if people leave on their own without any layoffs. They aren't doing it to benefit employees. Not quite "on their own", but your point is valid. My company has engaged in such "...
by tooluser
Fri Oct 06, 2017 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Freeze - What did you do?
Replies: 71
Views: 5451

Re: Pension Freeze - What did you do?

Also, he is not losing anything, all earned credits will stand. Yes, this is factually correct. For now. Psychologically, it diminishes each and every employee, and therefore the company as a whole. No real progress is made, and the slope is downward. As is acknowledged at bogleheads.org, the psych...
by tooluser
Fri Oct 06, 2017 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Freeze - What did you do?
Replies: 71
Views: 5451

Re: Pension Freeze - What did you do?

Dottie57 wrote:
Fri Oct 06, 2017 7:58 pm

How in the world can a pension have a npv of 10k? How long have you worked for the company and what would you have received on annual basis?
My point exactly - that's a low amount that only short-timers would amass. I'm sure my NPV is much higher and I cannot receive a lump sum.
by tooluser
Fri Oct 06, 2017 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Freeze - What did you do?
Replies: 71
Views: 5451

Re: Pension Freeze - What did you do?

Tooluser, I' am sorry to hear of your pension. I think the faster you can get to acceptance the better for you & your family. What I would do is pick 1 fund. Something like the LifeStrategy fund, that is very diversified with a low ER. Then, I put would as much money into it as possible. I would no...
by tooluser
Fri Oct 06, 2017 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Freeze - What did you do?
Replies: 71
Views: 5451

Re: Pension Freeze - What did you do?

I am very sorry to hear this. I kind of hate to say this, but have you thought of contacting a lawyer or contacting your state's department of labor. Too me it seems too good for the company to be able to not follow through on what is essentially part of your payment for work. What state is this oc...
by tooluser
Fri Oct 06, 2017 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Freeze - What did you do?
Replies: 71
Views: 5451

Re: Pension Freeze - What did you do?

I assume you are not a represented employee. They can't take back what you have vested in the defined benefit plan. All companies are doing away with defined benefit plans and switching to defined contribution plans. Depending on the company match and investment choices you can do better investing ...
by tooluser
Fri Oct 06, 2017 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Freeze - What did you do?
Replies: 71
Views: 5451

Re: Pension Freeze - What did you do?

There is nothing TO do!! :( This decision was made essentially to save the company as likely they were hemorrhaging and had to stop the bleeding. It is happening everywhere. Even the UC is now pushing defined contribution plans. That is why so many recommend not counting pensions when calculating r...
by tooluser
Fri Oct 06, 2017 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Freeze - What did you do?
Replies: 71
Views: 5451

Pension Freeze - What did you do?

My company has stated it will freeze the pension plans at the end of the next fiscal year. I am wondering what others did in similar situations. It's a hard freeze where they will maintain any vested benefit but move onto a completely new defined contribution plan for all. The new plan is somewhat g...
by tooluser
Thu Sep 28, 2017 9:44 pm
Forum: Investing - Theory, News & General
Topic: VG wants everyone to transfer to a brokerage account?
Replies: 95
Views: 8590

Re: VG wants everyone to transfer to a brokerage account?

I finally received an invite e-mail a few weeks ago, having been a customer for about 20 years, and owning nothing but mutual funds there. Everything has transferred smoothly. Trust accounts require a mailed-in form, the others were completed with very little effort on-line. It opens the door to eas...
by tooluser
Sat Sep 23, 2017 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: california homeowners - do you have earthquake insurance?
Replies: 79
Views: 6289

Re: california homeowners - do you have earthquake insurance?

temblor.net is quite interesting. While I heard about earthquakes in Oklahoma, this site really highlights it. Voltron, thanks for sharing Ditto from Los Angeles, Voltron. Assuming that site is accurate (I have no reason to believe it isn't)... It looks like I would pay approx. 0.2% per year of the...
by tooluser
Fri Sep 22, 2017 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: Age you retired
Replies: 112
Views: 8232

Re: Age you retired

Retired July 28 2017. Age58. Put in 39 years with UPS. 37 fulltime as a pkg car driver. Needless to say this Christmas is going to be heaven! :D A long time ago, my Dad gave a UPS driver a large piece of cheese as a "tip". One Christmas we had the same guy putting packages on our porch night after ...
by tooluser
Fri Sep 22, 2017 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: Age you retired
Replies: 112
Views: 8232

Re: Age you retired

Retired July 28 2017. Age58. Put in 39 years with UPS. 37 fulltime as a pkg car driver. Needless to say this Christmas is going to be heaven! :D A long time ago, my Dad gave a UPS driver a large piece of cheese as a "tip". One Christmas we had the same guy putting packages on our porch night after ...
by tooluser
Fri Sep 15, 2017 10:47 pm
Forum: Personal Finance (Not Investing)
Topic: Help buying first house in Huntsville, Alabama
Replies: 12
Views: 1157

Re: Help buying first house in Huntsville, Alabama

Make sure the policy includes wind coverage. Huntsville is in tornado alley. I've heard good things about the schools in Madison. A realtor saves you time, especially if you're moving in from elsewhere and will only be in town house hunting for a short time before the move. If you don't use a realt...
by tooluser
Fri Sep 15, 2017 10:25 pm
Forum: Personal Consumer Issues
Topic: Is it really Worth it to brown bag your lunch at work?
Replies: 313
Views: 18284

Re: Is it really Worth it to brown bag your lunch at work?

Brown paper lunch bags: approx. $0.10 each at Amazon.com Reusable lunch bags: approx. $5-10 each at Amazon.com So you're wasting $20-30 a year if you're not using a reusable bag. Disclaimer: I almost never bring my lunch. Special circumstances only. Otherwise I would eat at my desk too often. I need...
by tooluser
Fri Sep 15, 2017 10:06 pm
Forum: Personal Consumer Issues
Topic: Should I upgrade an old but functional vanity?
Replies: 23
Views: 1394

Re: Should I upgrade an old but functional vanity?

The selling advice I have gotten from real estate agents in the past is to not update anything, only fix broken items. Very few improvements pay back 100% or more (e.g. adding a second bathroom to a one bathroom house). So don't do it for the money. However, if you're going to live there a while, an...
by tooluser
Mon Sep 04, 2017 10:22 pm
Forum: Investing - Theory, News & General
Topic: The "interest rates are so low....why would you"arguments
Replies: 62
Views: 6419

Re: The "interest rates are so low....why would you"arguments

indexonlyplease wrote:
Mon Sep 04, 2017 7:19 am
Higher taxes
Higher electric bill
Higher water bill
Higher lawn and landscape expenses
When thinks start to break everything cost more
And no shared walls.

Worth every penny.
by tooluser
Sat Sep 02, 2017 10:10 pm
Forum: Investing - Theory, News & General
Topic: What if?- a glut of 'baby-boomers' buying SPIAs at age 75-85?
Replies: 23
Views: 1781

Re: What if?- a glut of 'baby-boomers' buying SPIAs at age 75-85?

What does this refer to? Oh! An equal # of baby boomers still under age 65 when Gen Xers reach avg. age 65. They are never the majority working population? Yep. It tweaks me to no end that the general population has been led to believe that Gen X is irrelevant, when they are nearly as large a group...
by tooluser
Sat Sep 02, 2017 9:52 pm
Forum: Investing - Theory, News & General
Topic: What if?- a glut of 'baby-boomers' buying SPIAs at age 75-85?
Replies: 23
Views: 1781

Re: What if?- a glut of 'baby-boomers' buying SPIAs at age 75-85?

Gen X always rules, because of Billy Idol: https://www.google.com/search?q=billy+idol+gen+x&ie=utf-8&oe=utf-8 Didn't know Idol was in a band called Generation X (starting in 1976) did you? I did not! And history of rock n roll is one of my minor hobbies! I caught their top hit on youtube and am now...
by tooluser
Sat Sep 02, 2017 8:31 pm
Forum: Investing - Help with Personal Investments
Topic: Financial reading website with regular updates
Replies: 19
Views: 4448

Re: Financial reading website with regular updates

This site is, hands down, the BEST investment/retirement site i have found. Ditto. Bogleheads.org greatly changed my investing philosophy, and more importantly my confidence and success at it. There is some noise here, but it tends be well-intentioned and food for thought, rather than an urgent emo...
by tooluser
Sat Sep 02, 2017 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Do I really need a trust?
Replies: 55
Views: 5790

Re: Do I really need a trust?

Thank you for posting details. When I had mine set up I had very little time allotted and went the professional route. While after the fact I could determine that the lawyer did a good job, I could not research so many ins, outs, and gotchas to have confidence myself beforehand. It can be done.
by tooluser
Sat Sep 02, 2017 8:04 pm
Forum: Investing - Theory, News & General
Topic: What if?- a glut of 'baby-boomers' buying SPIAs at age 75-85?
Replies: 23
Views: 1781

Re: What if?- a glut of 'baby-boomers' buying SPIAs at age 75-85?

No glut that I can see: http://www.pewresearch.org/fact-tank/2016/04/25/millennials-overtake-baby-boomers/ft_16_04-25_generations2050/ What's sad is that at no time will Gen X rule. What's never reported is that they will be a significant influence for the foreseeable future. Ignore at your peril. 8-)
by tooluser
Sat Aug 19, 2017 8:31 pm
Forum: Personal Consumer Issues
Topic: Kitchen knife set. Good quality - Recommendations
Replies: 55
Views: 4499

Re: Kitchen knife set. Good quality - Recommendations

Seriously consider buying exactly the knives you need, regardless of manufacturer. You can buy the block, sharpener, and a pair scissors separately too. There is something satisfying about wielding good tools of identical, high quality manufacture - think Snap-On or Craftsman wrenches. Familiarity. ...
by tooluser
Fri Aug 11, 2017 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: Do I really need a trust?
Replies: 55
Views: 5790

Re: Do I really need a trust?

I am single in California and have a trust to protect my non-beneficiary assets from what I consider to be a predatory government. The money my estate will save in probate costs will allow my heirs to send my ashes to the stars. Weird maybe, but it works for me as justification of the cost. Make you...
by tooluser
Sat Aug 05, 2017 9:29 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Puts Rivals on Notice: Fee Wars Will Only Heat Up
Replies: 62
Views: 6144

Re: "Vanguard Puts Rival Firms On Notice: Fee Wars Will Only Heat Up"

When might expenses go to zero as a matter of standard practice in the industry? What will the average investor give up to get that cost? I always expect to pay for a service. If not monetary, you are paying in some other way. Exactly. Referencing other replies as well, I'm intrigued by why funds c...
by tooluser
Sat Aug 05, 2017 9:03 pm
Forum: Personal Consumer Issues
Topic: LED light bulbs
Replies: 97
Views: 8661

Re: LED light bulbs

So I did the math! I catalogued all the lightbulbs on my property by number, type, and wattage. I excluded bulbs in appliances since they are not used enough to make much of a difference. I also excluded bulbs in fixtures that would need to be changed if I changed the bulb type, since that would mak...
by tooluser
Fri Aug 04, 2017 10:42 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Puts Rivals on Notice: Fee Wars Will Only Heat Up
Replies: 62
Views: 6144

Re: "Vanguard Puts Rival Firms On Notice: Fee Wars Will Only Heat Up"

When might expenses go to zero as a matter of standard practice in the industry?
What will the average investor give up to get that cost?
by tooluser
Thu Aug 03, 2017 10:50 pm
Forum: Personal Consumer Issues
Topic: LED light bulbs
Replies: 97
Views: 8661

Re: LED light bulbs

I haven't done a detailed analysis, but my electric bill does not seem to be high enough to make higher efficiency anything worthwhile. Too long a payback period. Years ago I switched to mainly compact fluorescents, due to the lesser heat load when I did not have air conditioning. I don't like their...
by tooluser
Tue Aug 01, 2017 7:50 pm
Forum: Investing - Help with Personal Investments
Topic: Best Vanguard account
Replies: 52
Views: 3987

Re: Best Vanguard account

When do you need the money? What asset allocation (stocks/bonds percentage) would you like to support that timeframe, given your need, ability, and willingness to tolerate the risk of loss of principal? - Wellington is approximately 65/35 percent stocks/bonds. - Lifestrategy Moderate is 60/40. - Tar...
by tooluser
Wed Jul 26, 2017 10:46 pm
Forum: Investing - Theory, News & General
Topic: How are folks handling the unprecedented rise in the market ?
Replies: 166
Views: 18623

Re: How are folks handling the unprecedented rise in the market ?

The market is still up.
Did you have the Block Party yet? (That's a metaphor, by the way.)
Take a little off the top. Enjoy. This is what good times are for.
by tooluser
Wed Jul 26, 2017 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: Should you wait until the due date to pay credit card balance?
Replies: 126
Views: 8585

Re: Should you wait until the due date to pay credit card balance?

I pay it off shortly after receiving the statement. I want to get it off my To Do list and not have to think about it. The float is real but trivial to me, especially with interest rates so low (or possibly zero in a checking account). But...when I was younger and funds were very tight, once a month...
by tooluser
Mon Jul 24, 2017 10:03 pm
Forum: Investing - Theory, News & General
Topic: "At Midyear, Vanguard on Pace to Break 2016 Inflows"
Replies: 6
Views: 848

Re: "At Midyear, Vanguard on Pace to Break 2016 Inflows"

Iliketoridemybike wrote:I wonder what happens in a falling market when index ETF's outpace managed in declines.
Has this historically been true?
by tooluser
Mon Jul 24, 2017 9:58 pm
Forum: Investing - Help with Personal Investments
Topic: "If You Can"-style Rebalancing
Replies: 14
Views: 1789

Re: "If You Can"-style Rebalancing

jjface wrote:...don't be too precise about it all!!
Yes, "close" or "in the direction of goodness" is good enough.
It's all going to move around again the very next trading day.
by tooluser
Mon Jul 24, 2017 9:48 pm
Forum: Personal Consumer Issues
Topic: Lifetime Tire Alignment
Replies: 35
Views: 2891

Re: Lifetime Tire Alignment

There is no tire alignment. What firestone is offering is wheel alignment. Shops do offer lifetime tires rebalance which last until you replace them with new ones. Wheel alignment stays with the life of the car (shops use VIN to track). I do have lifetime wheel alignment on my car and it paid off t...
by tooluser
Mon Jul 24, 2017 9:17 pm
Forum: Personal Consumer Issues
Topic: Books not to read.
Replies: 155
Views: 12639

Re: Books not to read.

Rama II, "by Arthur C Clarke", but actually written by someone else. After 100 pages of exposition with zero plot advancement, I had to resign it to the trash heap. "Heck no!" to donating it. Why extend the misery to someone else? :( Yet the first book was so intriguing - that one could have been a ...
by tooluser
Sat Jul 22, 2017 7:17 pm
Forum: Personal Consumer Issues
Topic: Am I getting good advice - replace the AC, not the 21 year old furnace
Replies: 33
Views: 2937

Re: Am I getting good advice - replace the AC, not the 21 year old furnace

At 21 years old I would replace both units, same as with washer/dryer or kitchen appliances (though those don't tend to come in pairs). You've gotten value from them. However, if I personally did not use the AC I would probably skip it and not worry about resale. Additional items to consider: - If y...
by tooluser
Fri Jul 21, 2017 9:07 pm
Forum: Personal Consumer Issues
Topic: Flying first class/ business......
Replies: 21
Views: 4179

Re: Flying first class/ business......

By "upgrade" did you mean buy a coach ticket and upgrade from there? Or to upgrade your seats by buying business or first class seats in the first place? I am of large stature so I always fly business or first class. I physically cannot fit in a coach seat. I want a guarantee that I will get the cla...
by tooluser
Sun Jul 16, 2017 11:09 pm
Forum: Personal Finance (Not Investing)
Topic: california homeowners - do you have earthquake insurance?
Replies: 79
Views: 6289

Re: california homeowners - do you have earthquake insurance?

I live in Los Angeles (many years, having experienced several big earthquakes so far) and came to the conclusion that I still do not require it, despite the improvements in the last few years. The very high deductible makes it very unattractive to me. Most of the value of property here is in the lan...
by tooluser
Sun Jul 16, 2017 9:55 pm
Forum: Investing - Theory, News & General
Topic: How are folks handling the unprecedented rise in the market ?
Replies: 166
Views: 18623

Re: How are folks handling the unprecedented rise in the market ?

Don't forget the block party! Really, you won't regret it. Get out there and have a good time.

Then, this fall, roll up your sleeves and do something very meaningful and which may not be as fun, but you know needs doing.

Put all your resources to good use.
Live! This is what good times are for!