Search found 1671 matches

by MikeG62
Mon May 20, 2019 8:04 am
Forum: Personal Investments
Topic: Individual treasuries vs treasury funds
Replies: 11
Views: 714

Re: Individual treasuries vs treasury funds

...Am I crazy for using treasury funds? No not crazy at all. With the fund, you are paying the expense ratio that you would avoid if buying individual Treasuries so there is that. If you purchase through Fidelity you could select "auto-roll" on purchase and your funds would never sit awaiting reinv...
by MikeG62
Sun May 19, 2019 10:08 am
Forum: Personal Finance (Not Investing)
Topic: If I Knew Then What I Know Now
Replies: 102
Views: 38740

100 Things I Wish Someone Had Told Me After College And Before I Entered The Real World

[Thread merged into here, see below (next page). --admin LadyGeek] There have been threads along this line before. However, I came across this one today, which contains quite a (long) list of "gem's" for those early in their career, and thought it was worth sharing: http://www.jefferies.com/Letters...
by MikeG62
Sun May 19, 2019 8:00 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Credit Card - 0% APR for 18 Months
Replies: 17
Views: 1868

Re: Fidelity Credit Card - 0% APR for 18 Months

Oh, thank you for pointing this out. My go to card is Bank of America Platinum ($95 AF) for all travel b/c I get 3.5 Travel cashback + Excellent Travel Insurances and Trip Cancellation Protections (which is worth more vs cashback or points for my situations, given I have 2 8 yr olds and they often ...
by MikeG62
Sun May 19, 2019 7:38 am
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Insurance
Replies: 28
Views: 1850

Re: Long Term Care Insurance

When making the choice, ask yourself what risk you are trying to insure. I am married. For me personally, the risk I would need insurance for would be one spouse requiring a very long time in care. By a long time I mean substantially more than 3 years, maybe above 10 years. In such a case I would w...
by MikeG62
Sat May 18, 2019 10:01 am
Forum: Personal Investments
Topic: Am I being ripped off?
Replies: 42
Views: 4679

Re: Am I being ripped off?

I don't think that is correct. The bonds OP bought are Treasury Notes and TN's pay interest periodically at the coupon rate. This is different from original issue 6-month Treasury Bills, which are sold at a discount to face value (where the interest is the difference between what you pay and what y...
by MikeG62
Sat May 18, 2019 9:49 am
Forum: Investing - Theory, News & General
Topic: How to avoid 1 week of not investing when buying treasury bills
Replies: 21
Views: 1902

Re: How to avoid 1 week of not investing when buying treasury bills

The difference in yield between 1-month T-bills and Vanguard's settlement MM fund is about 5 bps. That's an almost negligible opportunity cost. Sure, but that doesn't help if you want to hold 3 or 6 month Treasuries. Rereading my post, I see how it could come across as suggesting the OP should use ...
by MikeG62
Sat May 18, 2019 9:42 am
Forum: Personal Investments
Topic: Am I being ripped off?
Replies: 42
Views: 4679

Re: Am I being ripped off?

Your calculations assume you purchased the bills at auction and hold to maturity. Are you sure the bills weren’t bought on the secondary market? If so perhaps your 6 month bills are maturing at a variety of dates up to 6 months which could account for the lower than expected income. To be sure, if ...
by MikeG62
Sat May 18, 2019 9:32 am
Forum: Personal Investments
Topic: Taxes and suggested Fidelity 3 fund portfolio
Replies: 11
Views: 1063

Re: Taxes and suggested Fidelity 3 fund portfolio

Hello! ...I have about $500K that I am looking to put into a taxable Fidelity account. Of course Fidelity wants me to use their portfolio management service at a cost of 1.04% AUM. Their main selling point is that they can minimize my taxes by actively managing my portfolio by being on a constant l...
by MikeG62
Sat May 18, 2019 9:18 am
Forum: Personal Investments
Topic: Am I being ripped off?
Replies: 42
Views: 4679

Re: Am I being ripped off?

...I asked them to clarify where this number comes from but they haven’t replied yet. I’m probably extremely naive but I simply cannot imagine they’re literally robbing me... I'd call them and ask for an explanation over the phone. This is not something that should require any research on their par...
by MikeG62
Sat May 18, 2019 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Best credit union for mortgage?
Replies: 26
Views: 1490

Re: Best credit union for mortgage?

OP, you may want to have a look at Pen Fed CU. I know several friends that took out mortgages with them about a decade or so ago (all were very pleased). I had a HELOC with them for a period of time as well. No issues or difficulties encountered.

Good luck.
by MikeG62
Fri May 17, 2019 2:06 pm
Forum: Personal Investments
Topic: Tilting very slightly towards small & mid caps. Is this a good idea?
Replies: 34
Views: 2429

Re: Tilting very slightly towards small & mid caps. Is this a good idea?

...Any help in tweaking the percentages would be appreciated. I agree with the majority of the other posters - probably not going to make as much difference as your % allocation to international and/or fixed income. Having said that, my personal target allocation for my US equities is roughly 50% L...
by MikeG62
Fri May 17, 2019 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone use Treasury Direct ?
Replies: 34
Views: 1896

Re: Anyone use Treasury Direct ?

Not terribly bad for 27-day treasury yield at 2.4% compared to best FDIC insured bank accounts (yes, some pay 2.5% even today) Anyone use https://www.treasurydirect.gov/RS/UN-AccountCreate.do ? Experience ? I am not familiar with the process at Treasury Direct. Since I purchase directly through Fid...
by MikeG62
Fri May 17, 2019 8:43 am
Forum: Personal Investments
Topic: Simple question about FZDXX yield on Fidelity monthly statement
Replies: 1
Views: 283

Re: Simple question about FZDXX yield on Fidelity monthly statement

I am in that fund and don't know the answer myself. I did see the following information with regard to the EY on the second to last page of my April statement: " The Indicated Annual Dividend (IAD) is an estimate of a security's dividend payments for the next 12 months calculated based on prior and/...
by MikeG62
Fri May 17, 2019 8:24 am
Forum: Personal Investments
Topic: Income stream post retirement.
Replies: 35
Views: 3171

Re: Income stream post retirement.

One thing to keep in mind is that your expenses will vary a lot from year to year and with the phase of retirement you are in so it would be real hard to try to match your actual income needs. I have tracked totals for the last seven years. The annual total (excluding income taxes) ranges from +27%...
by MikeG62
Thu May 16, 2019 11:20 am
Forum: Personal Investments
Topic: Does your retirement plan work if stocks are flat or in decline for decades?
Replies: 180
Views: 10212

Re: Does your retirement plan work if stocks are flat or in decline for decades?

On a related note, many are quick to dismiss something like the Great Depression ever occurring again. While I tend to be an optimistic person, and I'm certainly an aggressive investor, I cannot see how people are so quick to dismiss the mere possibility of such an event. Depending on one's age, th...
by MikeG62
Thu May 16, 2019 10:55 am
Forum: Personal Investments
Topic: Does your retirement plan work if stocks are flat or in decline for decades?
Replies: 180
Views: 10212

Re: Does your retirement plan work if stocks are flat or in decline for decades?

On a related note, many are quick to dismiss something like the Great Depression ever occurring again. While I tend to be an optimistic person, and I'm certainly an aggressive investor, I cannot see how people are so quick to dismiss the mere possibility of such an event. Depending on one's age, th...
by MikeG62
Thu May 16, 2019 8:01 am
Forum: Personal Investments
Topic: Does your retirement plan work if stocks are flat or in decline for decades?
Replies: 180
Views: 10212

Re: Does your retirement plan work if stocks are flat or in decline for decades?

On a related note, many are quick to dismiss something like the Great Depression ever occurring again. While I tend to be an optimistic person, and I'm certainly an aggressive investor, I cannot see how people are so quick to dismiss the mere possibility of such an event. Depending on one's age, th...
by MikeG62
Thu May 16, 2019 7:48 am
Forum: Personal Investments
Topic: Does your retirement plan work if stocks are flat or in decline for decades?
Replies: 180
Views: 10212

Re: Does your retirement plan work if stocks are flat or in decline for decades?

On a related note, many are quick to dismiss something like the Great Depression ever occurring again. While I tend to be an optimistic person, and I'm certainly an aggressive investor, I cannot see how people are so quick to dismiss the mere possibility of such an event. Depending on one's age, th...
by MikeG62
Thu May 16, 2019 7:22 am
Forum: Personal Investments
Topic: Income stream post retirement.
Replies: 35
Views: 3171

Re: Income stream post retirement.

Hi guys, Wanted to pick your collective brains wrt how to setup a periodic income stream post-retirement. I'm still a fair bit away but was just curious how people manage this. Lets assume you've got your savings invested completely. How do you structure this so you have incoming cash every month (...
by MikeG62
Wed May 15, 2019 6:28 am
Forum: Personal Consumer Issues
Topic: Last Pass with Vanguard and USAA
Replies: 38
Views: 3281

Re: Last Pass with Vanguard and USAA

I have used LastPass for several years now. All my online accounts use password generated by LastPass and my login details are all stored in LastPass. For the second factor authentication when logging into LastPass, I use Duo Mobile. So I need my phone with me in order to log into LastPass. Also, I ...
by MikeG62
Tue May 14, 2019 8:42 am
Forum: Personal Investments
Topic: Does your retirement plan work if stocks are flat or in decline for decades?
Replies: 180
Views: 10212

Re: Does your retirement plan work if stocks are flat or in decline for decades?

Not if you get the fixed annuity. TravelforFun What makes you think annuity companies could afford to continue to meet their commitments in those market conditions? While I agree that annuities are riskier than many believe them to be, my understanding is that annuity companies are investing the pr...
by MikeG62
Mon May 13, 2019 8:03 am
Forum: Personal Investments
Topic: Parking/Investing $100k in a tax-advantaged manner
Replies: 12
Views: 1026

Re: Parking/Investing $100k in a tax-advantaged manner

I would not buy equities with funds I needed sometime in the next two years.

You could pick up some yield in Treasuries. That is what I would do (am doing myself with excess cash).
by MikeG62
Mon May 13, 2019 6:35 am
Forum: Investing - Theory, News & General
Topic: Municipal Bond Mutual Funds and ETFs - Does it matter what state you live in?
Replies: 9
Views: 878

Re: Municipal Bond Mutual Funds and ETFs - Does it matter what state you live in?

Does this mean you have to pay state taxes on the dividends from all 49 of the states that you don't live in? No it does not. You only pay state income taxes in those states where you have a requirement to file. Generally speaking, this would be the state you live in as well as the state you work i...
by MikeG62
Sun May 12, 2019 7:08 am
Forum: Investing - Theory, News & General
Topic: Municipal Bond Mutual Funds and ETFs - Does it matter what state you live in?
Replies: 9
Views: 878

Re: Municipal Bond Mutual Funds and ETFs - Does it matter what state you live in?

If someone buys a municipal bond mutual fund or ETF, does it matter which state you live in when it comes to being tax-exempt for the dividend payments? Or are 100% of the dividend payments always tax-exempt no matter which state you live in? (the state you file taxes in) Muni's are Federally tax-e...
by MikeG62
Sun May 12, 2019 6:37 am
Forum: Personal Finance (Not Investing)
Topic: W-2 earner looking to lower effective tax rate
Replies: 28
Views: 3369

Re: W-2 earner looking to lower effective tax rate

There just isn't enough info given to sort this out. It is really hard to figure how a single earning married couple files married filing separately. If you are married filing jointly, at 600k of taxable income your effective rate is 27%. At $1 million of taxable income it is 31%. Agree with this -...
by MikeG62
Sun May 12, 2019 6:13 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3698
Views: 684427

Re: What's Your Credit Card Rewards Strategy?

Does anyone know when Fidelity posts rewards to your brokerage account for their Visa 2% cash back card? We hit 2500 points during this billing cycle, which ends on 5/17. That should trigger a $50 deposit. Just wondering when it gets deposited, if anyone knows. Thanks. My rewards post at the end of...
by MikeG62
Sat May 11, 2019 7:30 am
Forum: Personal Investments
Topic: Bain BCSF shares
Replies: 2
Views: 328

Re: Bain BCSF shares

Hi, I have some Bain BCSF pre-ipo shares with a lockup that expires May 13th https://finance.yahoo.com/quote/BCSF/analysis?p=BCSF . They live in my tax advantaged account and have outperformed the S&P500. If it was you would you sell them or hang on? Why, why not? Is anybody familiar with this part...
by MikeG62
Sat May 11, 2019 7:09 am
Forum: Personal Finance (Not Investing)
Topic: Help me pull the trigger-need to quit
Replies: 41
Views: 5090

Re: Help me pull the trigger-need to quit

My question is, can we truly afford to do this and my DH retire at 50 ? Is this risky? Things I'm concerned about are- -stability of the market- what if returns for the next ten years are very, very low? -kids expenses seem to keep going up, I know there will be driving and orthodontics, etc on the...
by MikeG62
Fri May 10, 2019 7:05 pm
Forum: Personal Investments
Topic: Why are intermediate term bonds (VWITX) often recommended on these forums over short term bonds (VWSTX)?
Replies: 24
Views: 2437

Re: Why are intermediate term bonds (VWITX) often recommended on these forums over short term bonds (VWSTX)?

Why not keep at least some of your money in Vanguard’s Prime Money Market Fund? It has a competitive SEC Yield, safe from interest rate increases and is very liquid. Is getting perhaps 0.5% more somewhere else really worth the risk? In my opinion, there is nothing wrong with holding VMMXX as the ve...
by MikeG62
Fri May 10, 2019 3:51 pm
Forum: Personal Investments
Topic: Why are intermediate term bonds (VWITX) often recommended on these forums over short term bonds (VWSTX)?
Replies: 24
Views: 2437

Re: Why are intermediate term bonds (VWITX) often recommended on these forums over short term bonds (VWSTX)?

...In other words, why would anyone invest in intermediate term bonds instead of short term bonds with these current yields? What if interest rates decline from current levels? I’d rather be in the longer-term (vs. short-term) bond fund in a declining rate environment. Since we don’t really know if...
by MikeG62
Thu May 09, 2019 4:30 pm
Forum: Personal Investments
Topic: Does a 3 Year CD Substitute For Bonds in your AA?
Replies: 10
Views: 887

Re: Does a 3 Year CD Substitute For Bonds in your AA?

I'm curious, when you look at AA, you have 30% in stocks and 70% in bonds, would you consider a CD ladder the same as bonds? I think it can be, if the weighted average term of the CD ladder is long enough. Having said that, with regard to the title of this thread, I would not consider a 3-year CD a...
by MikeG62
Wed May 08, 2019 8:47 am
Forum: Personal Finance (Not Investing)
Topic: 529 strategy with no alternate beneficiaries
Replies: 21
Views: 1176

Re: 529 strategy with no alternate beneficiaries

Isn’t there some sort of generational-skipping consequence, for taxpayers subject to federal estate tax, for changing the beneficiary from a child to a grandchild? According to this article, "Generation-skipping transfer taxes do not apply to a beneficiary change unless the new beneficiary is two o...
by MikeG62
Wed May 08, 2019 8:04 am
Forum: Personal Investments
Topic: The 4% rule
Replies: 94
Views: 6397

Re: The 4% rule

m@ver1ck wrote:
Wed May 08, 2019 12:20 am
...and say a conservative 6% return rate
I do not believe that 6% is a "conservative" future return rate on a balanced portfolio (of equities and fixed income).
by MikeG62
Wed May 08, 2019 7:46 am
Forum: Personal Finance (Not Investing)
Topic: 529 strategy with no alternate beneficiaries
Replies: 21
Views: 1176

Re: 529 strategy with no alternate beneficiaries

Isn’t there some sort of generational-skipping consequence, for taxpayers subject to federal estate tax, for changing the beneficiary from a child to a grandchild? According to this article, "Generation-skipping transfer taxes do not apply to a beneficiary change unless the new beneficiary is two o...
by MikeG62
Wed May 08, 2019 7:14 am
Forum: Personal Finance (Not Investing)
Topic: 529 strategy with no alternate beneficiaries
Replies: 21
Views: 1176

Re: 529 strategy with no alternate beneficiaries

Grandkids! We are older parents, so there's a reasonable likelihood we won't be around to see grandkids, though I hope we are still around. I do not believe that closes off the option of having the funds there for future grandkids, who are born after you and your wife are gone. You can leave the 52...
by MikeG62
Tue May 07, 2019 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: taxable vs mortgage paydown
Replies: 16
Views: 1509

Re: taxable vs mortgage paydown

38 y.o. married with 3 kids (7,5,0) Home mortgage debt = 149k (3.125% fixed 30 year) Unless you donate a lot to charity, you are (likely) taking the standard deduction, so paying down that mortgage is a risk-free, tax-free 3.125% return . Exactly how I look at it (and one of the reasons I paid my m...
by MikeG62
Tue May 07, 2019 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Walk away from my auto lease?
Replies: 154
Views: 7339

Re: Walk away from my auto lease?

...You might need an independent but certified mechanic and have them do an inspection , if you really did not do anything wrong, and he can confirm the vehicle had a defect which resulted in transmission exploding (how does this even happen) you might have a case. I would do this. I asked before, ...
by MikeG62
Tue May 07, 2019 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: 529 strategy with no alternate beneficiaries
Replies: 21
Views: 1176

Re: 529 strategy with no alternate beneficiaries

Grandkids! We are older parents, so there's a reasonable likelihood we won't be around to see grandkids, though I hope we are still around. I do not believe that closes off the option of having the funds there for future grandkids, who are born after you and your wife are gone. You can leave the 52...
by MikeG62
Tue May 07, 2019 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Handling Stock Grants
Replies: 12
Views: 690

Re: Handling Stock Grants

I am not in the camp of never, ever hold shares of stock of your employer. I am, therefore, also not in the sell immediate upon vest camp either. I get the risk (too much of your financial life tied to one company), but I think it depends on the company. I was a senior executive in a public company ...
by MikeG62
Tue May 07, 2019 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Walk away from my auto lease?
Replies: 154
Views: 7339

Re: Walk away from my auto lease?

I'm 1 year into a 2 year lease of a 2018 vehicle with currently 5000 miles. Recently the transmission exploded and the maker is refusing to fix it under warranty because they say there is no sign of mechanical defect. Estimate for the repair is $5,000. Needless to say this is very distressing. I'm ...
by MikeG62
Tue May 07, 2019 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Aligning Insurance and Umbrella Limits
Replies: 16
Views: 1009

Re: Aligning Insurance and Umbrella Limits

Also if you have grown or semi-grown children living in your house (or legally residing with you while away at college), it's a good idea for them to have insurance with the same carrier and agent as you. There seems to be some gray area as to when a not-fully-launched adult or almost-adult is stil...
by MikeG62
Tue May 07, 2019 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Aligning Insurance and Umbrella Limits
Replies: 16
Views: 1009

Re: Aligning Insurance and Umbrella Limits

Until recently I was not eligible for umbrella coverage in the US so I set the liability coverage fairly high ($1MM) on insurance for two rental properties I have. I am now eligible for umbrella and the insurer requires I maintain $300,000 on the underlying policies. Should I reduce them from $1MM ...
by MikeG62
Tue May 07, 2019 7:40 am
Forum: Personal Investments
Topic: I tried to fire my financial advisor of 12 years today...
Replies: 127
Views: 13218

Re: I tried to fire my financial advisor of 12 years today...

So I tried to fire him today and it was tough. He made a lot of arguments that were confusing and frankly over my head. He also said he's immediately lower the fee to 1%. I like him a lot and it was hard trying to break up with him. I would tell him the decision has been made and you simply want to...
by MikeG62
Tue May 07, 2019 7:17 am
Forum: Personal Investments
Topic: Short Term Treasury Fund for Cash Savings?
Replies: 28
Views: 2533

Re: Short Term Treasury Fund for Cash Savings?

I'm looking at the bond section of Fidelity and it seems overwhelming. Confusing when I look at it. I will have to just take my time and study it. Here are the steps to purchase at Fidelity. Click on Investment Products>Fixed Income and CD's>Individual Bonds>US Treasury>Find US Treasury Bonds>New I...
by MikeG62
Mon May 06, 2019 7:56 pm
Forum: Personal Investments
Topic: Short Term Treasury Fund for Cash Savings?
Replies: 28
Views: 2533

Re: Short Term Treasury Fund for Cash Savings?

I'm looking at the bond section of Fidelity and it seems overwhelming. Confusing when I look at it. I will have to just take my time and study it. Here are the steps to purchase at Fidelity. Click on Investment Products>Fixed Income and CD's>Individual Bonds>US Treasury>Find US Treasury Bonds>New I...
by MikeG62
Mon May 06, 2019 2:48 pm
Forum: Investing - Theory, News & General
Topic: Equity funds for taxable accounts
Replies: 23
Views: 2677

Re: Equity funds for taxable accounts?

Be prepared to marry forever the equity mutual funds and ETFs you buy in a taxable account because divorce is often a taxing experience. Consider using only total US and total International ETFs. Avoid theme funds, factors, and trendy funds because your love will eventually fade. This keeps your po...
by MikeG62
Mon May 06, 2019 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: If your net worth is over $3 million, how did you do it?
Replies: 389
Views: 95593

Re: If your net worth is over $3 million, how did you do it?

First off I had a high paying job for a long time. Without that my method would not have yielded the results it did. We lived well below our means (but far from frugally). Resisted the urge to keep up with the Joneses. Saved entire annual bonus and proceeds from selling equity grants. We dipped into...
by MikeG62
Mon May 06, 2019 7:03 am
Forum: Personal Investments
Topic: Vanguard, Fidelity and cybercriminals
Replies: 13
Views: 2283

Re: Vanguard, Fidelity and cybercriminals

Interesting 60 Minutes report tonight on how easy it is for cybercriminals to hack into computer networks of cities, hospitals, etc, and encrypt and hold data hostage unless ransom is paid. I would assume that Vanguard, Fidelity, etc have the latest 'state of the art' systems to prevent something l...
by MikeG62
Mon May 06, 2019 6:56 am
Forum: Personal Investments
Topic: Boglehead investing through a major downturn
Replies: 36
Views: 3652

Re: Boglehead investing through a major downturn

I don't think one can under appreciate the difference of weathering a downturn during your working years and contributing to your nest egg and retired and having no earned income . I weathered 2000 and 2008 with a secure job knowing that I was continuing to make money and retirement was an aftertho...
by MikeG62
Sun May 05, 2019 10:09 am
Forum: Personal Investments
Topic: Dynamic Asset Allocation Strategy -- Thoughts?
Replies: 10
Views: 1133

Re: Dynamic Asset Allocation Strategy -- Thoughts?

Kitces has written on dynamic asset allocation strategies. See one example here...

https://www.kitces.com/blog/valuation-b ... lidepaths/