Search found 779 matches

by MikeG62
Fri Jun 22, 2018 11:00 am
Forum: Personal Finance (Not Investing)
Topic: What do you include in your grocery budget?
Replies: 33
Views: 1048

Re: What do you include in your grocery budget?

Anything that I buy at the grocery store or Target. In addition to food, all household goods (paper towels, toilet paper, dishwasher soap, laundry detergent), personal care items (toothpaste, deodorant, hair care, shampoo, conditioner, shaving blades), and cleaning supplies (granite cleaner, toilet...
by MikeG62
Fri Jun 22, 2018 8:19 am
Forum: Personal Finance (Not Investing)
Topic: Moving Cash to Fido Cash Management Account
Replies: 11
Views: 875

Re: Moving Cash to Fido Cash Management Account

...I also had an issue when a friend paid me with a check. I have had issues depositing checks - both through mobile app as well as using an ATM. This usually results where the person signs the check in such a way that part of their signature goes over one (or more) of the printed account numbers o...
by MikeG62
Fri Jun 22, 2018 7:10 am
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 456
Views: 100590

Re: Anyone regret paying off mortgage early?

No regrets at all.
by MikeG62
Fri Jun 22, 2018 7:04 am
Forum: Personal Finance (Not Investing)
Topic: Moving Cash to Fido Cash Management Account
Replies: 11
Views: 875

Re: Moving Cash to Fido Cash Management Account

OP, what is driving your decision to close the BofA account? With direct deposit of paychecks, you can avoid the monthly fee so it should not be costing you fees to maintain the account. Also, if your kids maintain an account at BofA (Core Checking) they can avoid any fees as well by virtue of the f...
by MikeG62
Fri Jun 22, 2018 6:55 am
Forum: Personal Consumer Issues
Topic: Did you celebrate when you finally hit $1m?
Replies: 70
Views: 4197

Re: Did you celebrate when you finally hit $1m?

It was a while ago, but my recollection was no celebration, just satisfaction in achieving the milestone. Then focus changed to accumulating the next million. Same thing happened when that was achieved and so on and so forth. If you want to spend some on, or celebrate with, the family go right ahead...
by MikeG62
Thu Jun 21, 2018 2:47 pm
Forum: Investing - Help with Personal Investments
Topic: Treasury Direct Question
Replies: 22
Views: 1960

Re: Treasury Direct Question

Thanks. This is (FY18) the first year I have purchased T-bills, which is why I had the tax filing question. I'm currently buying T-bills through Treasury Direct website rather than buying treasuries through a brokerage. Based on reading through the responses on this question, it seemed as though th...
by MikeG62
Thu Jun 21, 2018 2:39 pm
Forum: Investing - Help with Personal Investments
Topic: For Those Who Purchased Ally No Penalty CD's in Dec/Jan
Replies: 60
Views: 7679

Re: For Those Who Purchased Ally No Penalty CD's in Dec/Jan

Procedure for purchasing Treasury bonds at auction? As per my post above, I am embarking on this process myself. Today I placed an order for 75 six-month Treasury bonds through Fidelity. This auction was announced today, the auction itself is Monday (the 25th) and settlement date is next Thursday t...
by MikeG62
Thu Jun 21, 2018 12:32 pm
Forum: Investing - Theory, News & General
Topic: Does an IPS really need to be 5 pages long to be valuable?
Replies: 54
Views: 2152

Re: Does an IPS really need to be 5 pages long to be valuable?

...My initial IPS was something like a full 8 pages long as I am a firm believer in the benefits of understanding the process by which my decisions are made. Putting things in writing helped to not only clarify my thinking, but increased my understanding of critical concepts related to my own micro...
by MikeG62
Thu Jun 21, 2018 11:07 am
Forum: Investing - Help with Personal Investments
Topic: For Those Who Purchased Ally No Penalty CD's in Dec/Jan
Replies: 60
Views: 7679

Re: For Those Who Purchased Ally No Penalty CD's in Dec/Jan

I closed my Ally no penalty CDs a few weeks ago and bought 3mo T-bills at auction. For me, the state tax benefit made it worth it. Hi, could you please explain what the procedure is for doing this? I am newb to this. Thanks. The procedure for closing your no-penalty Ally CD or the procedure for pur...
by MikeG62
Wed Jun 20, 2018 12:42 pm
Forum: Investing - Help with Personal Investments
Topic: For Those Who Purchased Ally No Penalty CD's in Dec/Jan
Replies: 60
Views: 7679

Re: For Those Who Purchased Ally No Penalty CD's in Dec/Jan

OP here. I have finally decided on a strategy for my excess cash. I have begun the process to close my Ally no-penalty CD's (I have nine of them) and move the funds to Fidelity, where I plan to begin purchasing 6-month Treasuries. My intention is to make that investment in roughly six equal monthly...
by MikeG62
Wed Jun 20, 2018 12:20 pm
Forum: Investing - Help with Personal Investments
Topic: Treasury Direct Question
Replies: 22
Views: 1960

Re: Treasury Direct Question

… if you put in a bid for say 25 bonds, have you always gotten the full 25 bonds or just a portion of the bid? You'd never get just a portion because your order of 25 would be a "non-competitive" bid [2] and, as PJW says in his excellent post above , First they accept all the noncompetitive bids, t...
by MikeG62
Wed Jun 20, 2018 7:26 am
Forum: Investing - Help with Personal Investments
Topic: For Those Who Purchased Ally No Penalty CD's in Dec/Jan
Replies: 60
Views: 7679

Re: For Those Who Purchased Ally No Penalty CD's in Dec/Jan

OP here. I have finally decided on a strategy for my excess cash. I have begun the process to close my Ally no-penalty CD's (I have nine of them) and move the funds to Fidelity, where I plan to begin purchasing 6-month Treasuries. My intention is to make that investment in roughly six equal monthly ...
by MikeG62
Wed Jun 20, 2018 7:12 am
Forum: Investing - Help with Personal Investments
Topic: Treasury Direct Question
Replies: 22
Views: 1960

Re: Treasury Direct Question

For my needs, I'd never buy anything but US Savings Bonds at Treasury Direct. As far as treasuries go, I get the same price at Vanguard (and one can elsewhere) but have the flexibility of already holding my treasuries at Vanguard where I have the bulk of all my other investments. It's so much easie...
by MikeG62
Wed Jun 20, 2018 7:06 am
Forum: Personal Finance (Not Investing)
Topic: Tracking spending before retirement useful for estimating retirement expenses?
Replies: 72
Views: 4021

Re: Tracking spending before retirement useful for estimating retirement expenses?

...What's actionable about tracking expenses? And by that I mean details on spending versus the big picture. Our savings (both retirement and non-retirement) comes out first, then spending and usually some is left over that gets added to extra savings or put in a big-ticket item spending account. O...
by MikeG62
Wed Jun 20, 2018 6:46 am
Forum: Personal Finance (Not Investing)
Topic: $1M Term Life Insurance
Replies: 14
Views: 1566

Re: $1M Term Life Insurance

OP, How old are you? Reason I ask is that at some point in the future you will likely no longer need life insurance (such as once you retire and your spouse/family is no longer dependent on your paycheck - could be years earlier than that too). So going out 35 years is probably not necessary and you...
by MikeG62
Tue Jun 19, 2018 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: I don't trust my own estimate of expenses
Replies: 29
Views: 2168

Re: I don't trust my own estimate of expenses

Hi, I have been looking for a reliable, close-to-accurate way to estimate expenses for retirement planning purposes. I have seen a few "calculators" and other tables and spreadsheets, which of course give me widely different results. I know the best way is to look back at what you actually spend, a...
by MikeG62
Tue Jun 19, 2018 10:23 am
Forum: Personal Finance (Not Investing)
Topic: How much (green) cash at home for emergency ?
Replies: 114
Views: 8609

Re: How much (green) cash at home for emergency ?

Here in the Northeast... Although the only storm that most folks would recognize is "Sandy" we have had a dozen or so weather related situations over 15 years where cash has been very handy. In most all of these there have been fairly widespread power outages of between 1 and 15 days where banks/AT...
by MikeG62
Mon Jun 18, 2018 7:56 am
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 11480

Re: MD&P just purchased X / sold Y [md&pharmacist]

In summary, I don’t see the point So why don't you ignore the thread and let those of who would like to see where it goes keep following? Because there are a lot of young and new investors who come to this site for sensible investing advice. These folks could get the wrong ideas following a thread ...
by MikeG62
Sun Jun 17, 2018 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Do you cancel old credit cards?
Replies: 47
Views: 4133

Re: Do you cancel old credit cards?

I apply for credit cards to get the bonus miles and cancel them before renewal. I probably apply for 4 or 5 cards every year. This has gotten much more difficult ever since Chase implemented the 5/24 rule. :( As to the OP's question, personally I don't cancel existing cards unless there is an annua...
by MikeG62
Sun Jun 17, 2018 8:43 am
Forum: Personal Finance (Not Investing)
Topic: Tracking spending before retirement useful for estimating retirement expenses?
Replies: 72
Views: 4021

Re: Tracking spending before retirement useful for estimating retirement expenses?

...here are the many ways our lives will be very different: In our working, kid raising, years, we chose where to live based on availability of jobs, quality of school districts, etc.; other considerations were secondary. Now our priorities are mild year-round climate and access to outdoor recreati...
by MikeG62
Fri Jun 15, 2018 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2692
Views: 520223

Re: What's Your Credit Card Rewards Strategy?

Got a targeted offer for the Chase United Explorer card - 60K miles when spending $3,000 in first three months (plus 5K additional for each authorized user added - after the AU places a charge on their card). This is better than the standard offer I see (40K miles) or even the typical upgraded offe...
by MikeG62
Fri Jun 15, 2018 6:37 am
Forum: Investing - Theory, News & General
Topic: Diversified portfolio but still too much Apple, Microsoft, etc.
Replies: 13
Views: 1436

Re: Diversified portfolio but still too much Apple, Microsoft, etc.

OP, you could consider an equal weight S&P 500 index fund (something like RSP) which would take care of the concentration concern you have. I am not saying you should do that, just that you could do it. Alternatively, make sure you hold a fair share of mid and small cap stocks. This would help dilut...
by MikeG62
Fri Jun 15, 2018 5:52 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard or Charles Schwab account
Replies: 25
Views: 2692

Re: Vanguard or Charles Schwab account

If you already have a Fidelity account, why do you want to spread your money across two different brokerage firms (unless you're dissatisfied with Fidelity)? Their index funds are similar to those at Schwab and Vanguard (hence the term), with similar expense ratios. There's something to be said for...
by MikeG62
Thu Jun 14, 2018 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Question for those who used 529 plans
Replies: 46
Views: 2342

Re: Question for those who used 529 plans

OP, I used 529 accounts for both my daughters. It is difficult to answer the question you asked because investments were made into the plan over a very long period of time. It is not like I made one investment when they were young and left it untouched for 15 years. I will say that with regard to th...
by MikeG62
Thu Jun 14, 2018 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Preferred Services?
Replies: 19
Views: 1698

Re: Fidelity Preferred Services?

...At the last meeting, we had an interesting conversation about the tax inefficiency of FSTVX vs VTSAX Marcopolo, Curious as to the specifics of this conversation. From a quick look at both funds, it appears the after-tax returns as a % of the before-tax returns are almost identical (I compared th...
by MikeG62
Thu Jun 14, 2018 7:22 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Preferred Services?
Replies: 19
Views: 1698

Re: Fidelity Preferred Services?

To answer: As a private client, I get 2 things. One, as mentioned, I get free turbo tax, which can be downloaded if you are clever (I am). The other is that when I ask my private client manager to not bother me, he doesn't bother me. The downside is that if I call, I'm immediately tagged as a priva...
by MikeG62
Thu Jun 14, 2018 7:01 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2692
Views: 520223

Re: What's Your Credit Card Rewards Strategy?

Got a targeted offer for the Chase United Explorer card - 60K miles when spending $3,000 in first three months (plus 5K additional for each authorized user added - after the AU places a charge on their card). This is better than the standard offer I see (40K miles) or even the typical upgraded offer...
by MikeG62
Thu Jun 14, 2018 6:29 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Preferred Services?
Replies: 19
Views: 1698

Re: Fidelity Preferred Services?

...At the last meeting, we had an interesting conversation about the tax inefficiency of FSTVX vs VTSAX Marcopolo, Curious as to the specifics of this conversation. From a quick look at both funds, it appears the after-tax returns as a % of the before-tax returns are almost identical (I compared th...
by MikeG62
Wed Jun 13, 2018 12:06 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisory Services vs. Schwab Intelligent Advisory
Replies: 41
Views: 4809

Re: Vanguard Personal Advisory Services vs. Schwab Intelligent Advisory

...But if I did need my portfolio managed, I would convert to a balanced fund. This is the same thing that PAS or Intelligent Portfolio or Advisory provides, but without the fees. It is the same thing afan (honest question, not trying to be argumentative)? Wouldn't PAS or Schwab IP lower the equity...
by MikeG62
Mon Jun 11, 2018 2:59 pm
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 11480

Re: MD&P just purchased X / sold Y [md&pharmacist]

Hi everyone. A number of Bogleheads have asked me to post how and when I buy such highly performing funds, and sell my under-performers. Barring a major correction/bear, looking to maintain an average 30-40% 1 year annualized return portfolio. OP, if you can maintain an average annualized return of...
by MikeG62
Fri Jun 08, 2018 8:30 am
Forum: Personal Finance (Not Investing)
Topic: How much to budget for a week long vacation for 2?
Replies: 79
Views: 4266

Re: How much to budget for a week long vacation for 2?

A friend and I were discussing how much you put in a budget for the average nice week long vacation for 2 (obviously it will vary trip to trip). I was interested in the answer because in retirement I am budgeting for several of these a year and would like to double check my assumption. My answer wa...
by MikeG62
Mon Jun 04, 2018 8:49 am
Forum: Personal Finance (Not Investing)
Topic: Leave Job (Philly) and move To Arizon (Phoenix)?
Replies: 67
Views: 4976

Re: Leave Job (Philly) and move To Arizon (Phoenix)?

...I wouldn't call the summers here brutal. If you live here you get used to it. My parents typically do not leave their house between 9 and 5 during the summer months unless they have to. This has been the case for pretty much as long as they have been there. So not everyone “gets used to it” as y...
by MikeG62
Mon Jun 04, 2018 8:07 am
Forum: Personal Finance (Not Investing)
Topic: Leave Job (Philly) and move To Arizon (Phoenix)?
Replies: 67
Views: 4976

Re: Leave Job (Philly) and move To Arizon (Phoenix)?

Summers are hot, but very dry. I spend quite a bit of time in New York and D.C. for work, and I’d much rather have 110 in Phoenix (with humidity at or below 7-8%) compared to 95 or 100+ back east with substantial humidity. My parents have lived in Sun City for almost 25 years. I’ve been out there c...
by MikeG62
Sat Jun 02, 2018 7:37 am
Forum: Personal Finance (Not Investing)
Topic: Value of Umbrella Insurance Policy
Replies: 18
Views: 1964

Re: Value of Umbrella Insurance Policy

I carry the following limits on my auto policy - $300/$300/$50 The limit of liability on my umbrella policy is $1M I have had these limits for years. Under what types of circumstances should I consider increasing the limits on my coverage? Thank you, Luigi Luigi, Umbrella Insurance is the cheapest ...
by MikeG62
Sat Jun 02, 2018 5:32 am
Forum: Investing - Theory, News & General
Topic: To be or not to be complex, that is the question
Replies: 146
Views: 11690

Re: To be or not to be complex, that is the question

TheTimeLord wrote:
Wed May 30, 2018 8:23 am
The older I get the more appealing simplicity is because I want to spend time living my life not managing my portfolio.
^This
by MikeG62
Fri Jun 01, 2018 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: is Having more and needing less normal?
Replies: 113
Views: 8589

Re: is Having more and needing less normal?

...I guess I’m reallly wondering if this feeling is the aging process, or if it is possible to be active, or even more active after retirement but with a simplified and less consumable lifestyle? I’ll preface this by saying I don’t know if the topic is actionable, but I would certainly appreciate s...
by MikeG62
Wed May 30, 2018 7:00 am
Forum: Personal Finance (Not Investing)
Topic: Do you have a monthly household budget?
Replies: 63
Views: 3932

Re: Do you have a monthly household budget?

I posted this to a similar question a few months back:

viewtopic.php?f=2&t=240364&p=3760717&hi ... t#p3760717
by MikeG62
Tue May 29, 2018 11:59 am
Forum: Investing - Help with Personal Investments
Topic: US Tres bill on Fidelity
Replies: 9
Views: 718

Re: US Tres bill on Fidelity

The 1.9% Treasury rate is the "annualized" yield. You'd get 2/365's of that amount. I would not bother with anything with a term this short - just leave it in cash until a better option surfaces. Said settlement of 5/31/2018, not maturity of 5/31/2018. If it's new issue, it's maturing 3 months late...
by MikeG62
Tue May 29, 2018 8:00 am
Forum: Investing - Help with Personal Investments
Topic: US Tres bill on Fidelity
Replies: 9
Views: 718

Re: US Tres bill on Fidelity

The 1.9% Treasury rate is the "annualized" yield. You'd get 2/365's of that amount. I would not bother with anything with a term this short - just leave it in cash until a better option surfaces.
by MikeG62
Tue May 29, 2018 6:54 am
Forum: Investing - Help with Personal Investments
Topic: When and how often do you rebalance
Replies: 52
Views: 3890

Re: When and how often do you rebalance

Another good article from Michael Kitces on rebalancing... https://www.kitces.com/blog/how-rebalancing-usually-reduces-long-term-returns-but-is-good-risk-management-anyway/ Executive summary: "The conventional view of portfolio rebalancing is that it is a strategy to enhance long-term returns by per...
by MikeG62
Mon May 28, 2018 4:16 pm
Forum: Investing - Help with Personal Investments
Topic: When and how often do you rebalance
Replies: 52
Views: 3890

Re: When and how often do you rebalance

OP, this write up by Michael Kitces may be of some help to you:

https://www.kitces.com/blog/best-opport ... hresholds/

FWIW, I am following the tolerance band approach.
by MikeG62
Sat May 26, 2018 10:49 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2692
Views: 520223

Re: What's Your Credit Card Rewards Strategy?

i use the following: chase sapphire reserve: food/dining/travel chase freedom: 5% categories chase freedom unlimited: default card amazon: amazon amex blue cash preferred: groceries bank of america cash rewards: gas unfortunately, a combination of me not traveling often enough, and not wanting to u...
by MikeG62
Sat May 26, 2018 7:15 am
Forum: Investing - Theory, News & General
Topic: I'm an indexer... but...
Replies: 37
Views: 4384

Re: I'm an indexer... but...

OP, you are comparing a growth oriented fund to the overall market during a period of time when growth stocks have outperformed value stocks. The outperformance is therefore not surprising.

Whether growth will outperform value over the next 5-10 years is anybody's guess.
by MikeG62
Sat May 26, 2018 6:41 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2692
Views: 520223

Re: What's Your Credit Card Rewards Strategy?

i use the following: chase sapphire reserve: food/dining/travel chase freedom: 5% categories chase freedom unlimited: default card amazon: amazon amex blue cash preferred: groceries bank of america cash rewards: gas unfortunately, a combination of me not traveling often enough, and not wanting to u...
by MikeG62
Sat May 26, 2018 6:30 am
Forum: Personal Finance (Not Investing)
Topic: My first CP2000 letter from IRS! Am I missing something?
Replies: 23
Views: 3530

Re: My first CP2000 letter from IRS! Am I missing something?

Although a different fact pattern, my daughter received a CP2000 on Thursday relating to the American Opportunity Tax Credit taken by her in 2016. IRS is questioning whether the amount of Tuition reported by her University on form 1098-T was actually paid (her University only reports Tuition and rel...
by MikeG62
Sat May 26, 2018 6:07 am
Forum: Personal Finance (Not Investing)
Topic: Chase Savings Account emptied out!
Replies: 77
Views: 12328

Re: Chase Savings Account emptied out!

So all three accounts at Chase got targeted. I closed down one and put restrictions on the other two (so I can see my history for 60 days). Don't think my passwords were used to login. Chase let's you see which devices were used to login, and other than my cellphone and megacorp issued PC, there we...
by MikeG62
Fri May 25, 2018 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Variable Percentage Withdrawal
Replies: 23
Views: 2708

Re: Variable Percentage Withdrawal

May I repeat my almost 20 year successful VPW system and history? My withdrawal rate history has certainly oscillated, but that was expected, so planned for. For me, planning for a big vacation in Europe or Asia, new autos, or buying and maintaining a lake cottage (all of which are in our history),...
by MikeG62
Fri May 25, 2018 7:04 am
Forum: Investing - Help with Personal Investments
Topic: Anybody had CD with Columbia Bank, NJ
Replies: 12
Views: 826

Re: Anybody had CD with Columbia Bank, NJ

My first post. After delaying for 3 years finally getting around to opening a CD. Using depositaccounts as well as bankrate website, found that Columbia Bank, NJ has rate of 2.96% (3.00% APY) for 36 month with premature penalty loss of 1 yr. We live in NJ. Does anybody have experience with the CD f...
by MikeG62
Fri May 25, 2018 6:41 am
Forum: Investing - Help with Personal Investments
Topic: What account to withdraw from?
Replies: 8
Views: 1038

Re: What account to withdraw from?

Thanks for all of the help. I appreciate it the responses. I agree with the others that you should run the math assuming differing mixes of withdrawals from your taxable and tax deferred accounts (ranging from withdrawing 100% from taxable to 100% from tax deferred accounts and differing mixes inbe...
by MikeG62
Wed May 23, 2018 7:01 am
Forum: Investing - Help with Personal Investments
Topic: All else aside - General Allocation Thoughts
Replies: 9
Views: 807

Re: All else aside - General Allocation Thoughts

Agree with the others - those changes are likely too small to make a huge difference over a long period of time. FWIW, my personal bias would be to allocate to equities as follows: LC 50% MC 25% SC 25% I'd also split the equities roughly 80/20 (maybe 75/25) between US and foreign markets (including ...