Search found 356 matches

by WolfgangPauli
Fri May 22, 2020 9:27 pm
Forum: Personal Investments
Topic: What to do with cash?
Replies: 29
Views: 4057

Re: What to do with cash?

Long term Municipal bond fund (VWLTX or VTEB) is a good option for parking cash for 1+ year horizon I am not sure about that and certainly not just because of the turmoil on the MUNI BOND market. Three things bother me with this: 1) The OP does not appear to be in the tax bracket where the tax bene...
by WolfgangPauli
Fri May 22, 2020 9:20 pm
Forum: Investing - Theory, News & General
Topic: TIAA warns on negative yields on money market funds
Replies: 71
Views: 4705

Re: TIAA warns on negative yields on money market funds

T-bills out to six months are trading at negative yields. Money's cheap. That is one way to look at it. However, the other side is this makes retirement saving and planning very difficult. We always here how little Americans have saved for retirement. Negative and 0 yields actually make this proble...
by WolfgangPauli
Fri May 22, 2020 9:18 pm
Forum: Personal Investments
Topic: Does larger portfolio make one more or less risk tolerant
Replies: 25
Views: 1944

Re: Does larger portfolio make one more or less risk tolerant

I'm wondering how most people here direct their portfolio as they enter middle age. If someone has accumulated the holy grail of 25 times their annual expenses, but still has 20 odd years to retirement, should they stop playing or play even more given the ability to take on more risk? Should they m...
by WolfgangPauli
Fri May 22, 2020 9:13 pm
Forum: Investing - Theory, News & General
Topic: TIAA warns on negative yields on money market funds
Replies: 71
Views: 4705

Re: TIAA warns on negative yields on money market funds

Looks like negative rates may be coming sooner rather than later as giant TIAA warns. TIAA has put a limited, short-term expense waiver in place to help prevent the CREF Money Market Account from having negative yields https://www.tiaa.org/public/land/moneymarketchanges?tc_mcid=em_MMarket_IAS_Assig...
by WolfgangPauli
Fri May 22, 2020 8:56 pm
Forum: Investing - Theory, News & General
Topic: Who's right about the future? Stock or Bond market?
Replies: 50
Views: 4415

Re: Who's right about the future? Stock or Bond market?

The problem is this market is all about the Fed. Many articles have now been written (and cannot wait for "Margin Call Part Deux" to come out as a movie) about the actions of the Fed in Mid March and continuing now. They are buying corporate bonds (including hi yield), treasuries and everything in b...
by WolfgangPauli
Fri May 22, 2020 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: Auto Insurance question
Replies: 4
Views: 352

Re: Auto Insurance question

Adult child who lives out of state and maintains and will continue to maintain apartment out of state. Out of state driver's license. Doesn't own a vehicle. Has moved back for several months due to Corona virus concerns. Expect her to stay till fall maybe longer. We occasionally let her use our veh...
by WolfgangPauli
Fri May 22, 2020 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: Advice Needed regarding debt
Replies: 42
Views: 3046

Re: Advice Needed regarding debt

I hope the members can provide some advice regarding my niece’s debt. She makes about $31,000 a year and is 33 years old. Her debts are as follows: Credit card 1 = 11508 Credit Card 2 = 1300 - in collections Credit Card 3 = 7368 - in collections Roommate has judgement - 2900 Car Loan - 11,370 - cur...
by WolfgangPauli
Fri May 22, 2020 8:36 pm
Forum: Personal Consumer Issues
Topic: Del Webb 55+ communities?
Replies: 21
Views: 3341

Re: Del Webb 55+ communities?

Do any of you live in a DW community or have thoughts about them vs. other similar active retirement communities? Looking for thoughts/opinions, etc. Florida based would be my first choice. Thanks We looked at a beautiful one in Nocatee which is just south of Jacksonville and North of St. Augustine...
by WolfgangPauli
Sat May 16, 2020 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Fraudulent charges... Getting really tired of the number of times this happens and resulting hassle.
Replies: 56
Views: 4418

Re: Fraudulent charges... Getting really tired of the number of times this happens and resulting hassle.

One good thing coming out of all this COVID stuff is the fast movement to touches purchases - which means you never have to put out your credit card. Whenever I can, I use Apple Pay as it is virtually indestructible. A lot of gas stations will now take it at the pump which means no risk of skimming....
by WolfgangPauli
Sun May 10, 2020 10:17 am
Forum: Personal Consumer Issues
Topic: Shipping Wine in Warm Weather
Replies: 23
Views: 1273

Re: Shipping Wine in Warm Weather

We belong to several California wine clubs, and our shipments always come standard UPS (signature required for delivery). No climate control on the trucks. With one exception, the wineries only schedule shipments from October through April to avoid the summer heat. The one exception is a sparkling ...
by WolfgangPauli
Sat May 09, 2020 9:45 pm
Forum: Personal Consumer Issues
Topic: Various retirement locations in FLA?
Replies: 8
Views: 1068

Re: Various retirement locations in FLA?

We truly love Jacksonville and chose it as a retirement area because it is specifically not dominated by retirees. When you go to Naples / Ft. Myers for example it is almost 100% retirees and a lot of snowbirds. Jacksonville, to us, is a town which has a lot of work going on which makes it pretty ex...
by WolfgangPauli
Mon Apr 13, 2020 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Moving states to avoid capital gains taxes
Replies: 42
Views: 3717

Re: Moving states to avoid capital gains taxes

Hi Everyone, I am in my mid 30s and I have started running some investment projections now that my wife and I are starting to build up money in our taxable investment account. We currently live in California and have no plans to move, but what I started thinking about is the taxes we would have to ...
by WolfgangPauli
Sat Apr 11, 2020 7:25 am
Forum: Personal Finance (Not Investing)
Topic: Executive pay cut request: How to respond?
Replies: 130
Views: 12922

Re: Executive pay cut request: How to respond?

Many companies are asking executives to take pay cuts in this environment. It is likely I'll be asked to take one, so I would like to respond appropriately. My view is that a 25% pay cut is reasonable due to lower productivity when working from home. I'm happy to agree to that with the understandin...
by WolfgangPauli
Sat Apr 11, 2020 6:42 am
Forum: Personal Finance (Not Investing)
Topic: Executive pay cut request: How to respond?
Replies: 130
Views: 12922

Re: Executive pay cut request: How to respond?

Something I've never understood is, why do companies ever give severance? As a steely eyed capitalist, when times are tough and people need to get laid off, where do the companies suddenly find the money to pay severances? They pay severance to avoid being sued. If you get a severance you will be a...
by WolfgangPauli
Sat Apr 11, 2020 6:38 am
Forum: Personal Finance (Not Investing)
Topic: 3 decades of homes in central/south MA at risk for crumbling foundations
Replies: 6
Views: 1259

Re: 3 decades of homes in central/south MA at risk for crumbling foundations

Hi All, MA government passed a law in 2018 that created a special commission to access whether some MA homes were built with contaminated concrete. The official report from that special commission was released ~4 months ago. The answer appears to be yes, and further: The MA special commission recom...
by WolfgangPauli
Fri Apr 10, 2020 8:53 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Munis Increasingly Risky
Replies: 205
Views: 19628

Re: Larry Swedroe: Munis Increasingly Risky

I am sure this will start an entire discussion of "moral Hazard" but the Fed has just played its hand. It will not let the Muni market die:

https://seekingalpha.com/article/433454 ... -be-enough
by WolfgangPauli
Fri Apr 10, 2020 7:55 pm
Forum: Investing - Theory, News & General
Topic: Why not go EE bonds (instead of bond funds)?
Replies: 176
Views: 10558

Re: Why not go EE bonds (instead of bond funds)?

My only issue is my advisor wants everything in a revocable trust. This means we are stuck with only buying $10K per year (the limit on the trust account is as if it is one person). Any thoughts on this? If I buy them outside the trust and register "with" do I protect us so if one dies the other ge...
by WolfgangPauli
Fri Apr 10, 2020 7:47 pm
Forum: Investing - Theory, News & General
Topic: I don't understand the case for EE bonds
Replies: 500
Views: 52737

Re: I don't understand the case for EE bonds

The 3.5% is guaranteed if you hold to 20 years. On the 20th year you will see a huge jump in interest as it "settles up" so you have earned 3.5%. You have to keep for 20 years to get it.. . And therein lies the problem. You have to live for 20 more years. For some of us, that might be a gamble. Tru...
by WolfgangPauli
Fri Apr 10, 2020 7:45 pm
Forum: Personal Investments
Topic: I-Bonds: March 2020 BLS CPI-U report
Replies: 18
Views: 1802

Re: I-Bonds: March 2020 BLS CPI-U report

Agreed. I honestly believed it would happen in May. Since, it will not I can imagine the combined rate going to 0 in November. If that does happen and someone wants to hold this for just a year, the 3 month penalty would be moot since it would be the last three months of zero. Hence, while I am a l...
by WolfgangPauli
Sun Apr 05, 2020 5:47 am
Forum: Investing - Theory, News & General
Topic: Why not go EE bonds (instead of bond funds)?
Replies: 176
Views: 10558

Re: Why not go EE bonds (instead of bond funds)?

Bought these over the years (I bonds too when their fixed rates were higher). Given ER is essentially a 20 yr bond, plan to buy 20 years before you need to redeem. Personally would not buy once in your 50s or older, but in 30s/40s as some portion of your bond allocation, why not ? Any shorter time ...
by WolfgangPauli
Sat Apr 04, 2020 6:52 am
Forum: Personal Investments
Topic: Question on Registering I/EE Bonds and Limits
Replies: 1
Views: 204

Question on Registering I/EE Bonds and Limits

Hi, I have a few questions on this topic and they may have been answered somewhere but I cannot find them. So, here goes: 1. I created a third treasury account (My wife and I each have one) for our Family revocable trust (Attorney wants everything in our trust). So, in this account, can I buy $20K o...
by WolfgangPauli
Sat Apr 04, 2020 6:40 am
Forum: Investing - Theory, News & General
Topic: I don't understand the case for EE bonds
Replies: 500
Views: 52737

Re: I don't understand the case for EE bonds

While I still have serious issues with the illiquidity of EE bonds, I must say that the 3.53% yield is probably quite attractive to a lot of folks right now. To be honest, I'm surprised that there is so little mention of them. 20 year Treasuries are only yielding 1.60% right now. Am I missing somet...
by WolfgangPauli
Sat Apr 04, 2020 6:35 am
Forum: Personal Consumer Issues
Topic: Stand Mixer
Replies: 59
Views: 2827

Re: Stand Mixer

FULL DISCLOSURE: I Worked at the plant where the KAID StandMixer is Made (In USA, Ohio) I assume you are talking about a Kitchenaid SM as it really is the only kind. I happen to have 4 of them as I use them as "Jewelry for my kitchen" but practically they are the best "tool" you can have in a kitch...
by WolfgangPauli
Sat Apr 04, 2020 6:27 am
Forum: Investing - Theory, News & General
Topic: Why not go EE bonds (instead of bond funds)?
Replies: 176
Views: 10558

Re: Why not go EE bonds (instead of bond funds)?

I generally do not compare all these asset classes as I do believe in theory that once you win, why keep playing. EE bonds essentially take money "off the table" as they are so secure. So, I try to align my investment time horizon with my needs time horizon and get what I need - not worrying about i...
by WolfgangPauli
Sat Mar 28, 2020 6:55 am
Forum: Personal Consumer Issues
Topic: Stand Mixer
Replies: 59
Views: 2827

Re: Stand Mixer

FULL DISCLOSURE: I Worked at the plant where the KAID StandMixer is Made (In USA, Ohio) I assume you are talking about a Kitchenaid SM as it really is the only kind. I happen to have 4 of them as I use them as "Jewelry for my kitchen" but practically they are the best "tool" you can have in a kitche...
by WolfgangPauli
Fri Mar 27, 2020 9:52 pm
Forum: Investing - Theory, News & General
Topic: Where's Warren Buffett During This Crisis?
Replies: 155
Views: 20825

Re: Where's Warren Buffett During This Crisis?

Maybe we will hear from him when there will be blood in the streets, when everybody will be fearful and scared to death. :beer He will be greedy when the others will be fearful. :greedy BTW my portfolio is down only 2.5% and I am already starting to be fearful. :mrgreen: Wow, only down 2.5%.. .You ...
by WolfgangPauli
Mon Feb 10, 2020 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Am I crazy to consider quitting my job?
Replies: 128
Views: 14067

Re: Am I crazy to consider quitting my job?

We were of the belief our single biggest responsibility was to our children. We would live in a smaller home, have less "luxuries" whatever it took.. The children came first. To accomplish that, we concluded one of us had to be home full time from the day our son was born. We just decided who based ...
by WolfgangPauli
Wed Feb 05, 2020 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: Gifting of Money and the Gift Tax Exemption
Replies: 16
Views: 1683

Re: Gifting of Money and the Gift Tax Exemption

Also, there is the problem of explaining the family loan to the mortgagee. I stand by my earlier advice, i.e., write the check for the full amount and file the return. Gill Good point. Yes, that is the issue with the loan whereby the mortgage company will see that as a bona fide loan (not a "wink w...
by WolfgangPauli
Wed Feb 05, 2020 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Gifting of Money and the Gift Tax Exemption
Replies: 16
Views: 1683

Gifting of Money and the Gift Tax Exemption

Hello, We plan on giving our son and daughter in law about $80K for a house down payment. As I understand it, my wife and I each can give each of them $15K - in total $60K. The remaining $20k would go against the lifetime exemption. I have two questions: 1. Just confirming that is correct? 2. Do we ...
by WolfgangPauli
Wed Jan 01, 2020 4:13 pm
Forum: Personal Investments
Topic: Retitling Savings Bonds / I Bonds to Trust
Replies: 3
Views: 255

Re: Retitling Savings Bonds / I Bonds to Trust

Wow.. thank you.. OK I think I have the mechanics down but I do have a couple of questions: 1. Is there any tax implication you can think of? I am hoping it is just a "retitling". 2. My wife has savings bonds as well as myself. Can we consolidate into the trust with both? 3. I guess you answered thi...
by WolfgangPauli
Wed Jan 01, 2020 1:06 pm
Forum: Investing - Theory, News & General
Topic: Shiller: Homeownership is a bad investment
Replies: 480
Views: 65198

Re: Re:

I bought my house 18 years ago for $625,000. Today, I could easily sell it for $2,100,000, probably more, but let's assume I could make $1,500,000 profit on the sale for ease of calculations. (There are three houses for sale on my street and all are listed at more than $3,00,0000.) please let us kn...
by WolfgangPauli
Wed Jan 01, 2020 12:49 pm
Forum: Personal Investments
Topic: Retitling Savings Bonds / I Bonds to Trust
Replies: 3
Views: 255

Retitling Savings Bonds / I Bonds to Trust

Hi, I am working on retitling my savings bonds (Both EE and I) to my revocable living trust. I find the information for paper bonds but what do I do with electronic bonds? Also, this is a trust for both me and my wife .. will we still be able to buy the full amount given that it is the two of us or ...
by WolfgangPauli
Tue Dec 31, 2019 9:32 am
Forum: Personal Finance (Not Investing)
Topic: 401k catch-up contributions
Replies: 25
Views: 1425

Re: 401k catch-up contributions

It is just more contribution. Not like it is a separate account or something but my two jobs I have had both required a separate sign up and on my pay stub they are separated out. I wonder if that is because the employer is required to verify you are in fact, over 50. I am not sure but it appears th...
by WolfgangPauli
Tue Dec 31, 2019 9:27 am
Forum: Personal Investments
Topic: Does my home's equity replace bond investing?
Replies: 50
Views: 2581

Re: Does my home's equity replace bond investing?

I agree with the poster who said do not consider your home as an investment - it is a place to live and hopefully you will get your money out of it but it is nothing more than a place to live. For all the reasons stated but specifically because of lack of liquidity I would never equate it to a bond....
by WolfgangPauli
Tue Dec 31, 2019 9:19 am
Forum: Personal Consumer Issues
Topic: Apple iMac 2013? Replace with Fusion? Or all SSD? Security? Questions
Replies: 38
Views: 2806

Re: Apple iMac 2013? Replace with Fusion? Or all SSD? Security? Questions

It all depends on what you use your computer for. If you are just using it as a storage device and email terminal then fine, I would keep it going as long as possible. However, if you are truly using the features of a computer and you are "all in" on the apple ecosystem I would replace it immediatel...
by WolfgangPauli
Thu Dec 26, 2019 9:38 pm
Forum: Personal Consumer Issues
Topic: Long Plane trip - 16 Hours to Shanghai
Replies: 67
Views: 6160

Re: Long Plane trip - 16 Hours to Shanghai

Great advice. Anyone have recommendations on the best neck pillow? Also, my plan was to manage my sleep "as if" I was already there. I am going to try to sleep as fast as possible on the plane then get up and stay awake for a good 10 hours. I land Saturday night SH time and I plan on then going righ...
by WolfgangPauli
Thu Dec 26, 2019 9:31 pm
Forum: Personal Consumer Issues
Topic: Long Plane trip - 16 Hours to Shanghai
Replies: 67
Views: 6160

Re: Long Plane trip - 16 Hours to Shanghai

[Inappropriate paragraph removed - Moderater Flyer24] And, as someone else said, be prepared to have passengers actually try crawling over you. I had one chap try to step directly in my lap instead of giving me time to get out of my aisle seat to let him by. One thing I did do is go to seatguru to ...
by WolfgangPauli
Thu Dec 26, 2019 7:29 am
Forum: Personal Consumer Issues
Topic: Long Plane trip - 16 Hours to Shanghai
Replies: 67
Views: 6160

Long Plane trip - 16 Hours to Shanghai

Hi, Going to Shanghai for work for 2 weeks in February. I am on a Delta flight out of Atlanta non-stop and that makes it over 16 hours in the plane. I am in a new section called "Premium 1". It is above Delta Comfort but not full reclining business class. FYI, the ticket cost $1,100 v. BC which is c...
by WolfgangPauli
Thu Dec 26, 2019 7:20 am
Forum: Personal Finance (Not Investing)
Topic: Can I pay taxes (via credit card) before filling them?
Replies: 33
Views: 3269

Re: Can I pay taxes (via credit card) before filling them?

Cyanide123 wrote:
Tue Nov 26, 2019 2:48 am
I do this with my quarterly payments since i pay 6 figures in taxes.

I use the alliant 2.5 percent credit card (3 percent for the first year), pay 1.87% in fee, and then deduct the fee as a business expense.
If you deduct the fee as an expense do you claim the 2.5% as income?
by WolfgangPauli
Wed Dec 25, 2019 8:59 pm
Forum: Personal Investments
Topic: 401K plan after leaving company
Replies: 23
Views: 1007

Re: 401K plan after leaving company

May want to consider leaving in 401(k) for other reasons. A 401(K) provides some legal protections an IRA does not. This article discusses some real basics and recommends checking with your state to determine the protections, especially in bankruptcy, of your 401K v. IRA: https://www.kiplinger.com/a...
by WolfgangPauli
Wed Dec 25, 2019 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Goodbye USAA
Replies: 72
Views: 9105

Re: Goodbye USAA

OP, it depends what state you live in. I found in Florida that GEICO crushes USAA. However, in California USAA was much better (just speaking about monthly payments - not CS or claims). But yes, you should ALWAYS check against other companies to see what alternate prices are. Same goes for cell pho...
by WolfgangPauli
Wed Dec 25, 2019 8:28 pm
Forum: Personal Consumer Issues
Topic: Yet Another Retiring to Florida Thread - Pros/Cons
Replies: 87
Views: 8745

Re: Yet Another Retiring to Florida Thread - Pros/Cons

sailor18 wrote:
Wed Dec 25, 2019 7:35 pm
There is a perception among some younger people (children and grandchildren as potential visitors) that there is "nothing" to do in Florida except play golf, shop and go out to dinner
Go to the Beach too...
by WolfgangPauli
Wed Dec 25, 2019 8:27 pm
Forum: Personal Investments
Topic: Age 62 - just lost job - seeking advice
Replies: 110
Views: 12094

Re: Age 62 - just lost job - seeking advice

+1
birnhamwood wrote:
Wed Dec 25, 2019 6:55 pm
I agree totally with Jack FFR1846.

Don't let pride get in the way of a job. Both of you should settle for anything that brings in a minimum age, preferably with health benefits. School bus drivers are needed, janitors, teacher aides, groundskeepers, etc., etc., just to mention one area.
by WolfgangPauli
Tue Dec 24, 2019 9:13 pm
Forum: Personal Consumer Issues
Topic: Honda Lane keep assist
Replies: 94
Views: 6164

Re: Honda Lane keep assist

We need to save this thread and come back to it in about 5 years or so. Old enough to remember: 1. Who needs that iPhone.. No one will need music in their pocket or "apps". I just call. 2. "I am not going to let the car shift for me, I know better, I will always have a manual shifter. 3. A device in...
by WolfgangPauli
Tue Dec 24, 2019 8:59 pm
Forum: Personal Investments
Topic: Why no Dividend?
Replies: 33
Views: 3566

Re: Why no Dividend?

Just out of curiosity, why did you do that? I was always told (by Vanguard) to ensure you do not "buy" the dividend. My understanding of this process is the following (all numbers are made up): 1. You buy $1000 worth of VTSAX a few days before the dividend 2. VTSAX pays a $10 dividend. The value of ...
by WolfgangPauli
Sat Nov 30, 2019 12:18 am
Forum: Personal Consumer Issues
Topic: Yet Another Retiring to Florida Thread - Pros/Cons
Replies: 87
Views: 8745

Re: Yet Another Retiring to Florida Thread - Pros/Cons

Florida and Sarasota is great but there are also other nice areas on the east coast such as St. Augustine, Jupiter, Vero Beach, Melbourne Beach. Almost, all of your "cons" are less of a factor north of Cape Canaveral as a major hurricane has never struck land there because of the odd shape of the F...
by WolfgangPauli
Sat Nov 30, 2019 12:12 am
Forum: Personal Consumer Issues
Topic: Honda Lane keep assist
Replies: 94
Views: 6164

Re: Honda Lane keep assist

I have a Volvo S90 with a system called "auto pilot" which I assume is the same as lane assist and I absolutely love it. Combined with adaptive cruise control it makes long drives much easier and for the few times you may be less attentive then you need to be, it is fantastic. It also protects again...
by WolfgangPauli
Tue Oct 01, 2019 8:02 pm
Forum: Personal Investments
Topic: Munis in Taxable or Bonds in the 401K?
Replies: 41
Views: 3180

Re: Munis in Taxable or Bonds in the 401K?

Can anyone comment if there is a role for a total bond fund in taxable account? This is unanswerable unless we knew everything about you. Need to know if you need the money soon (in which case it would argue for bonds over stocks), need to know how much you have etc. etc. The key to this advice (wh...
by WolfgangPauli
Tue Oct 01, 2019 7:56 pm
Forum: Investing - Theory, News & General
Topic: Should I convert taxable accounts of Vanguard MF to ETF
Replies: 13
Views: 1326

Re: Should I convert taxable accounts of Vanguard MF to ETF

I am starting to think the ETF equivalent fund would be better in case there is a bit of a run on the MF requiring them to sell and driving huge cap gains to me. What does this statement mean? I thought one disadvantage of a MF is if there is a lot of selling of the fund by fund owners then the fun...