Search found 4320 matches

by FIREchief
Mon May 25, 2020 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: Investors: be aware of weakness in 2FA + strengthening
Replies: 103
Views: 5513

Re: Investors: be aware of weakness in 2FA + strengthening

Does this apply in any way to 2FA that uses semantic VIP, such as at Fidelity? No. Thanks. I thought so. One more reason to prefer Fidelity. Fidelity also does voice recognition and allows transfer lockdowns. Yep. They also provide immediate text notifications of transfers and tend to subject mine ...
by FIREchief
Mon May 25, 2020 11:14 pm
Forum: Investing - Theory, News & General
Topic: Pros/Cons of taxable accounts for both spouses
Replies: 7
Views: 594

Re: Pros/Cons of taxable accounts for both spouses

One con is that in a community property state the separate property of a surviving spouse does not get a step up in capital gains basis upon the death of one spouse. Community property and inherited property do. I don't believe that separate accounts would necessarily constitute separate property. ...
by FIREchief
Mon May 25, 2020 6:07 pm
Forum: Personal Investments
Topic: Is Vanguard's Personal Advisor Service Worth It???
Replies: 54
Views: 4097

Re: Is Vanguard's Personal Advisor Service Worth It???

Be aware that they will most likely not allow you to use mutual funds and will put your money in ETF’s. I was told I will be transitioned to ETF’s by September and it’s one of the reason I’m discontinuing the PAS. I'm pretty certain that this is entirely a marketing strategy. If the PAS advisor inv...
by FIREchief
Mon May 25, 2020 6:02 pm
Forum: Personal Investments
Topic: Is Vanguard's Personal Advisor Service Worth It???
Replies: 54
Views: 4097

Re: Is Vanguard's Personal Advisor Service Worth It???

afan wrote:
Fri May 22, 2020 6:28 am
If you want to pay for something you don't need, better to pay 0.3% than 1.5% but the right figure is zero.
Yep. I think this pretty much sums it up.
by FIREchief
Mon May 25, 2020 4:53 pm
Forum: Investing - Theory, News & General
Topic: Value of Liquidity
Replies: 12
Views: 629

Re: Value of Liquidity

Second, I wouldn't use a HELOC as an emergency fund if it results in a high total loan to value ratio with you primary mortgage loan. That will increase the risk that it gets frozen if values drop. We have no first mortgage, and the HELOC, if fully drawn, would only result in a 20-25% LTV. Yep. Bac...
by FIREchief
Mon May 25, 2020 3:00 pm
Forum: Investing - Theory, News & General
Topic: Vanguard reviews “commodities futures” for inclusion in Target Date Retirement Funds
Replies: 32
Views: 2769

Re: Vanguard reviews “commodities futures” for inclusion in Target Date Retirement Funds

Also I don’t see the advantage of PAS over the TDF. They seem to offer pretty much the same portfolio as a TDF. If one chooses the 4 fund portfolio what would be the advantage of using PAS over buying a TDF as a practical matter? Vanguard used to offer a free portfolio review annually , i think as ...
by FIREchief
Mon May 25, 2020 2:27 pm
Forum: Investing - Theory, News & General
Topic: Value of Liquidity
Replies: 12
Views: 629

Re: Value of Liquidity

A zero balance HELOC makes an excellent emergency fund. Unless there is a financial crisis happening. https://money.cnn.com/2008/04/18/real_estate/heloc_freeze.moneymag/index.htm?section=money_pf That's interesting. I don't have a HELOC anymore because we sold our house and downsized to an apartmen...
by FIREchief
Mon May 25, 2020 1:39 pm
Forum: Investing - Theory, News & General
Topic: Value of Liquidity
Replies: 12
Views: 629

Re: Value of Liquidity

A zero balance HELOC makes an excellent emergency fund.
by FIREchief
Mon May 25, 2020 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Last-minute lien on home found - sign (as seller) anyway?
Replies: 12
Views: 1172

Re: Last-minute lien on home found - sign (as seller) anyway?

The WF HELOC is listed (with account number & balance) as going to be paid off on their 2007 refinance application...the balance is also listed on the settlement statement. Does this mean that the HELOC does have an outstanding balance? How much is it? Dollars? Thousands? I don't understand all thi...
by FIREchief
Sun May 24, 2020 11:46 pm
Forum: Personal Finance (Not Investing)
Topic: Investors: be aware of weakness in 2FA + strengthening
Replies: 103
Views: 5513

Re: Investors: be aware of weakness in 2FA + strengthening

I don't know either, but my guess is the conversation would go something like this at most investment companies. Customer: I need to reset my password but don't remember the answers to my security questions. Customer Support: How can you not remember what high school you went to? Customer: I put gi...
by FIREchief
Sun May 24, 2020 11:45 pm
Forum: Personal Finance (Not Investing)
Topic: Investors: be aware of weakness in 2FA + strengthening
Replies: 103
Views: 5513

Re: Investors: be aware of weakness in 2FA + strengthening

I don't know either, but my guess is the conversation would go something like this at most investment companies. Customer: I need to reset my password but don't remember the answers to my security questions. Customer Support: How can you not remember what high school you went to? Customer: I put gi...
by FIREchief
Sun May 24, 2020 10:57 pm
Forum: Personal Finance (Not Investing)
Topic: Investors: be aware of weakness in 2FA + strengthening
Replies: 103
Views: 5513

Re: Investors: be aware of weakness in 2FA + strengthening

I have no idea, because I haven't used Vanguard in years. That said, it's good to keep our accounts as secure as possible, but we don't really hear any reports of these worst case scenarios happening. Anything "could" happen, but I'm guessing most of the theft going on is caused by people not prote...
by FIREchief
Sun May 24, 2020 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: Investors: be aware of weakness in 2FA + strengthening
Replies: 103
Views: 5513

Re: Investors: be aware of weakness in 2FA + strengthening

I don't know either, but my guess is the conversation would go something like this at most investment companies. Customer: I need to reset my password but don't remember the answers to my security questions. Customer Support: How can you not remember what high school you went to? Customer: I put gi...
by FIREchief
Sun May 24, 2020 3:50 pm
Forum: Investing - Theory, News & General
Topic: Why did you change your investing approach?
Replies: 26
Views: 1359

Re: Why did you change your investing approach?

I like Rick Ferri's four stages of an investor's life: 1. Darkness 2. The light 3. Complexity 4. Simplicity I moved from #1 to #2 around 2008 and from #2 to #3 a couple years later. I'm striving for #4 now. That's fantastic! I hadn't seen that before. That said, once I "saw the light" (fortunately ...
by FIREchief
Sun May 24, 2020 3:09 pm
Forum: Investing - Theory, News & General
Topic: Businesses that are permanently destroyed due to COVID?
Replies: 34
Views: 2693

Re: Businesses that are permanently destroyed due to COVID?

Crowded bars and clubs are going to take the worst of this. I see them rising again after we have a vaccine or herd immunity, but I can see a great many going under. Clubs and effective social distancing are just not compatible. One of my employees asked me to help her set up her 401k late last yea...
by FIREchief
Sun May 24, 2020 3:06 pm
Forum: Investing - Theory, News & General
Topic: Peer to peer lending in this day and age
Replies: 43
Views: 2409

Re: Peer to peer lending in this day and age

...I know that Larry Swedroe recommended P2P investments... He didn't recommend direct individual investments in peer-to-peer lending. As a part of a portfolio, he recommended a combination of one mutual fund and three interval funds--QSPRX, AVRPX, SRRIX, and LENDX--in equal amounts. The relative c...
by FIREchief
Sun May 24, 2020 3:00 pm
Forum: Investing - Theory, News & General
Topic: Businesses that are permanently destroyed due to COVID?
Replies: 34
Views: 2693

Re: Businesses that are permanently destroyed due to COVID?

I think the NCAA, the NFL, the NBA, the NHL, and MLB will all fold. Let's say that TV accounts for half the revenue of the pro teams (I believe it is much more than that in the NFL, not sure about the others). If nobody gets to go to the games in the fancy tax-payer financed stadiums, do you really...
by FIREchief
Sun May 24, 2020 2:54 pm
Forum: Investing - Theory, News & General
Topic: Businesses that are permanently destroyed due to COVID?
Replies: 34
Views: 2693

Re: Businesses that are permanently destroyed due to COVID

Drive in movie theaters may make a comeback. You really think there are hoards of people who want to watch a movie in their car with it's crappy sound systems and so-so picture versus watching it at home with their hidef TV and much better sound systems? Other than teenagers looking to get away. fr...
by FIREchief
Sun May 24, 2020 2:50 pm
Forum: Investing - Theory, News & General
Topic: Businesses that are permanently destroyed due to COVID?
Replies: 34
Views: 2693

Re: Businesses that are permanently destroyed due to COVID?

I really like the distancing in restaurants. Long over due. I went to an Outback yesterday and it was nice to have dinner without having to listen to some loud mouth in the next booth or have somebody's kids poking the back of my seat. We used to have a steakhouse here that had ceiling high walled o...
by FIREchief
Sun May 24, 2020 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Investors: be aware of weakness in 2FA + strengthening
Replies: 103
Views: 5513

Re: Investors: be aware of weakness in 2FA + strengthening

How would somebody "phish" my Symantec VIP? Are they going to call me and ask me for the current code? :confused Yes. Or you'll click on an email to log into a fake Fidelity website, entering your valid credentials and code from Symantec VIP which the attacker then uses to log into the real Fidelit...
by FIREchief
Sun May 24, 2020 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Amended Tax Return Status Unavailable?
Replies: 6
Views: 264

Re: Amended Tax Return Status Unavailable?

Neither my 2019 1040 or the 1040-X I sent a month later have shown up on-line at the IRS. Both were sent certified mail and arrived fine. I think I sent the 1040 in mid-March.
by FIREchief
Sun May 24, 2020 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Investors: be aware of weakness in 2FA + strengthening
Replies: 103
Views: 5513

Re: Investors: be aware of weakness in 2FA + strengthening

You can make recovery via email, but in Vanguard's view, email may be less secure than SMS. For 99% of the population, the recovery to your email is via SMS. You can make recovery via snail mail. This works great for credit card companies, but you have to tolerate being without access to your accou...
by FIREchief
Sun May 24, 2020 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Investors: be aware of weakness in 2FA + strengthening
Replies: 103
Views: 5513

Re: Investors: be aware of weakness in 2FA + strengthening

How would somebody "phish" my Symantec VIP? Are they going to call me and ask me for the current code? :confused
by FIREchief
Sun May 24, 2020 12:39 am
Forum: Personal Finance (Not Investing)
Topic: Investors: be aware of weakness in 2FA + strengthening
Replies: 103
Views: 5513

Re: Investors: be aware of weakness in 2FA + strengthening

HawkeyePierce wrote:
Sat May 23, 2020 11:11 pm
FIREchief wrote:
Sat May 23, 2020 10:45 pm
Does this apply in any way to 2FA that uses semantic VIP, such as at Fidelity?
No.
Thanks. I thought so. One more reason to prefer Fidelity.
by FIREchief
Sun May 24, 2020 12:38 am
Forum: Personal Finance (Not Investing)
Topic: Investors: be aware of weakness in 2FA + strengthening
Replies: 103
Views: 5513

Re: Investors: be aware of weakness in 2FA + strengthening

You can make recovery via email, but in Vanguard's view, email may be less secure than SMS. For 99% of the population, the recovery to your email is via SMS. You can make recovery via snail mail. This works great for credit card companies, but you have to tolerate being without access to your accou...
by FIREchief
Sat May 23, 2020 10:45 pm
Forum: Personal Finance (Not Investing)
Topic: Investors: be aware of weakness in 2FA + strengthening
Replies: 103
Views: 5513

Re: Investors: be aware of weakness in 2FA + strengthening

Does this apply in any way to 2FA that uses semantic VIP, such as at Fidelity?
by FIREchief
Sat May 23, 2020 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: Turning 65, Medicaire questions
Replies: 68
Views: 4096

Re: Turning 65, Medicaire questions

I didn't read through all the previous posts so apologize if this has already been discussed; I asked several of the top Medicare supplement providers in my area why I should choose them versus someone else. Didn't get any good answers. They said they all have the same coverage. Brokers just recomm...
by FIREchief
Sat May 23, 2020 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: Turning 65, Medicaire questions
Replies: 68
Views: 4096

Re: Turning 65, Medicaire questions

Here is the thing I believe the hi G is a great value and I will tell my clients it is but in general nobody wants to buy it.In my state the N plan is actually the best value after the hi deductible plans for most people but I have told many times by client they don't won't it because there is a 20...
by FIREchief
Sat May 23, 2020 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard as Trustee of Estate Trust
Replies: 99
Views: 5494

Re: Vanguard as Trustee of Estate Trust

Considering how risk averse most bogleheads are, it really should get the seal of approval. I sort of look at it like fire insurance, you're not getting it because you want your house to burn down. Except the divorce rate is around 50% and the odds your home burning down is like .001%. But getting ...
by FIREchief
Sat May 23, 2020 5:05 pm
Forum: Investing - Theory, News & General
Topic: TIAA warns on negative yields on money market funds
Replies: 71
Views: 4695

Re: TIAA warns on negative yields on money market funds

It becomes a more realistic problem, if your broker is charging 30 basis points for a money market account - which was what was happening at TIAA. See Jp Morgan MM fund: https://am.jpmorgan.com/us/en/asset-management/gim/adv/products/d/jpmorgan-100-u-s-treasury-securities-money-market-fund-morgan-4...
by FIREchief
Sat May 23, 2020 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Turning 65, Medicaire questions
Replies: 68
Views: 4096

Re: Turning 65, Medicaire questions

I didn't read through all the previous posts so apologize if this has already been discussed; I asked several of the top Medicare supplement providers in my area why I should choose them versus someone else. Didn't get any good answers. They said they all have the same coverage. Brokers just recomm...
by FIREchief
Sat May 23, 2020 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard as Trustee of Estate Trust
Replies: 99
Views: 5494

Re: Vanguard as Trustee of Estate Trust

I agree that it's not easy to avoid commingling. IMO the best way to keep nonmarital property separate is through a prenuptial or postmarital agreement. I'm not certain of the context you are envisioning here. If I'm a parent and trying to determine the safest way to leave assets to my adult childr...
by FIREchief
Sat May 23, 2020 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Turning 65, Medicaire questions
Replies: 68
Views: 4096

Re: Turning 65, Medicaire questions

I went with the Regence Plan G. I figure I can always change later, I wanted the best. Some states don't allow you to change plans going forward without a physical. That's kind of where I'm at right now (I have a few years do decide). I don't want to over think this. If we can easily afford Plan G ...
by FIREchief
Sat May 23, 2020 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard as Trustee of Estate Trust
Replies: 99
Views: 5494

Re: Vanguard as Trustee of Estate Trust

I agree that it's not easy to avoid commingling. IMO the best way to keep nonmarital property separate is through a prenuptial or postmarital agreement. I'm not certain of the context you are envisioning here. If I'm a parent and trying to determine the safest way to leave assets to my adult childr...
by FIREchief
Sat May 23, 2020 2:43 pm
Forum: Investing - Theory, News & General
Topic: TIAA warns on negative yields on money market funds
Replies: 71
Views: 4695

Re: TIAA warns on negative yields on money market funds

What is different here is that CREF Money Market Account is not a traditional money-market fund with a share price of $1.00 per share, earning all its value from dividends. It is a subaccount in the CREF variable annuity with a variable share price; if the yield is 1%, a share price might go from $...
by FIREchief
Sat May 23, 2020 2:42 pm
Forum: Investing - Theory, News & General
Topic: TIAA warns on negative yields on money market funds
Replies: 71
Views: 4695

Re: TIAA warns on negative yields on money market funds

Both Schwab and Fidelity would have negative yields on their treasury money market funds, if they were not waiving some of the fees. They each are waiving just enough so that net yield is 0.01%. Though why anyone would pay them 0.3-0.4% to manage a portfolio of T-bills is a mystery to me. ^^^this. ...
by FIREchief
Sat May 23, 2020 2:25 pm
Forum: Investing - Theory, News & General
Topic: Where to park cash in Fidelity?
Replies: 62
Views: 6017

Re: Where to park cash in Fidelity?

I buy treasury bills at auction on auto roll. Yes, but T bills are not cash. You might THINK they are, and I did, but they are not. I tried to sell T bills as the price reached par a month or so out from maturity and couldn't find a buyer at Fidelity so I couldn't get rid of them. I raised a stink ...
by FIREchief
Sat May 23, 2020 1:42 pm
Forum: Investing - Theory, News & General
Topic: The Taleb Asness 'debate' in the light of Bogleheads philosophy
Replies: 146
Views: 6913

Re: The Taleb Asness 'debate' in the light of Bogleheads philosphy

Bogleheadism "works" because it is not based on Gaussian distributions, or any distributions. It is based on old fashioned practical observations, like: - the economy grows over time, and businesses make profits - US markets are reasonably efficient - "doing stuff" is costly (paying analysts/adviso...
by FIREchief
Fri May 22, 2020 7:59 pm
Forum: Personal Investments
Topic: Looking for a Roth IRA with rebalancing. (Hegdefundie adventure)
Replies: 19
Views: 976

Re: Who do you use for your Roth IRA?

I'm looking for a 0 fee self guided Roth IRA to use for Hedgefundies adventure, something with rebalancing features would be nice. Only one I've found so far that has what I like features wise is M1 Finance except I don't like the way they fill orders. Fidelity in my experience has great order fill...
by FIREchief
Fri May 22, 2020 7:22 pm
Forum: Personal Investments
Topic: Looking for a Roth IRA with rebalancing. (Hegdefundie adventure)
Replies: 19
Views: 976

Re: Who do you use for your Roth IRA?

I'm looking for a 0 fee self guided Roth IRA to use for Hedgefundies adventure, something with rebalancing features would be nice. Only one I've found so far that has what I like features wise is M1 Finance except I don't like the way they fill orders. Fidelity in my experience has great order fill...
by FIREchief
Fri May 22, 2020 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard as Trustee of Estate Trust
Replies: 99
Views: 5494

Re: Vanguard as Trustee of Estate Trust

If a judgement has occurred, giving, say, a creditor the ability to seize (do they call it "attach"?) distributions, does that mean the beneficiary can basically never use trust assets again, unless/until the creditor has been fully paid? That seems like a bit of a "scorched earth" solution -- the ...
by FIREchief
Fri May 22, 2020 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Tax attorney weirdness
Replies: 40
Views: 3196

Re: Tax attorney weirdness

In our case, and I trust most others, tax planning comes down to guesses: guess how your portfolio will grow/shrink, guess how long you’ll live, guess what will happen to tax structure and rates and when, guess what your health care expenses will be and how the government will or won’t be involved ...
by FIREchief
Fri May 22, 2020 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Tax attorney weirdness
Replies: 40
Views: 3196

Re: Tax attorney weirdness

Why do you think that "there's very little an individual can do?" :confused The rest of my statement was, there's very little an individual can do beyond what's regularly discussed on Bogleheads (and should be familiar to a good CPA or maybe, as another poster suggested, financial planner). The typ...
by FIREchief
Fri May 22, 2020 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Tax attorney weirdness
Replies: 40
Views: 3196

Re: Tax attorney weirdness

As another poster mentioned, in most cases there's very little an individual can do to reduce his or her income tax liability, beyond contributing to retirement plans, tax-efficient investing, and other fairly straightforward techniques you'll see discussed regularly on this site (and which an expe...
by FIREchief
Fri May 22, 2020 12:48 am
Forum: Personal Finance (Not Investing)
Topic: Tax attorney weirdness
Replies: 40
Views: 3196

Re: Tax attorney weirdness

As another poster mentioned, in most cases there's very little an individual can do to reduce his or her income tax liability, beyond contributing to retirement plans, tax-efficient investing, and other fairly straightforward techniques you'll see discussed regularly on this site (and which an expe...
by FIREchief
Thu May 21, 2020 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: Renting house to in-laws
Replies: 22
Views: 1610

Re: Renting house to in-laws

and did I mention the two young children whom we are now caring for full time in addition to our demanding jobs? Is the implication here that if your in-laws lived close by that they would help you with this? A fair inference but not the intended one. I only meant to say that we happen to be in a p...
by FIREchief
Thu May 21, 2020 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: Renting house to in-laws
Replies: 22
Views: 1610

Re: Renting house to in-laws

frankandbeans wrote:
Thu May 21, 2020 6:45 pm
and did I mention the two young children whom we are now caring for full time in addition to our demanding jobs?
Is the implication here that if your in-laws lived close by that they would help you with this?
by FIREchief
Thu May 21, 2020 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: Tax attorney weirdness
Replies: 40
Views: 3196

Re: Tax attorney weirdness

If there was a legal way to avoid paying taxes everybody on this board would be doing it. There are many legal ways to avoid paying taxes and many on the board are "doing it." 8-) Can't think of a legal way to "avoid" paying taxes. Can you give one example? Sure. Wait to sell your appreciated after...
by FIREchief
Thu May 21, 2020 7:23 pm
Forum: Investing - Theory, News & General
Topic: TIPS Yield Curve & Changing Inflation Expectations
Replies: 61
Views: 4914

Re: TIPS Yield Curve & Changing Inflation Expectations

The ten year reopening auctioned today at a real yield of -0.47%. That's about two basis points lower than the secondary market was trading just before the auction. The secondary market now dropped to align with the auction results. Pretty much as expected and (again) #cruncher's spreadsheet formul...
by FIREchief
Thu May 21, 2020 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Tax attorney weirdness
Replies: 40
Views: 3196

Re: Tax attorney weirdness

New Providence wrote:
Thu May 21, 2020 5:57 pm
If there was a legal way to avoid paying taxes everybody on this board would be doing it.
There are many legal ways to avoid paying taxes and many on the board are "doing it." 8-)