Search found 1180 matches

by Geologist
Fri Oct 12, 2018 8:47 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Federal Money Market compared to Prime Money Market
Replies: 19
Views: 2088

Re: Vanguard Federal Money Market compared to Prime Money Market

Vanguard provides a sheet that lists the percentage of income for each fund, including money market funds, derived from federal debt not subject to state and local taxation each year when the 1099 is issued. This information can't be included on the 1099 because the IRS doesn't permit it, by the way...
by Geologist
Mon Sep 10, 2018 8:20 pm
Forum: Investing - Theory, News & General
Topic: Medallion Signature guarantee?
Replies: 28
Views: 2360

Re: Medallion Signature guarantee?

I'm assuming that the OP is settling the estate on his own. I am involved in my mother's estate now (with my brother) and each time one of us has required a medallion signature guarantee, the paralegal with the lawfirm handling the estate has dealt with it. This is one of the things that we're payin...
by Geologist
Mon Sep 03, 2018 1:15 pm
Forum: Investing - Theory, News & General
Topic: Does it make sense to invest in individual stocks (like Kanye West) if you stick to what you know?
Replies: 110
Views: 5783

Re: Does it make sense to invest in individual stocks if you stick to what you know?

It's a bad idea. The question you should ask is what do you know that the professionals in the market don't. The answer is NOTHING. I mean suppose you're a doctor or a surgeon. The guy actively managing the big Fidelity fund will know much less than you about drugs and stuff like that; he will hold...
by Geologist
Mon Sep 03, 2018 1:06 pm
Forum: Investing - Help with Personal Investments
Topic: Donor advised fund
Replies: 21
Views: 700

Re: Donor advised fund

Presumably the fund writes checks, but that isn't really your problem. If by "check writing ability" you mean "do you get checks to send to charities?", the answer is no. Officially, you just make recommendations and the fund itself makes the donations (by check, possibly electronically if the chari...
by Geologist
Fri Aug 17, 2018 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Score mysteriously dropped
Replies: 10
Views: 1147

Re: Credit Score mysteriously dropped

What difference does it make? It sounds like you still have a very high score, anyway.
by Geologist
Tue Jul 31, 2018 9:44 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard IRA transfer: send Certified or Regular mail
Replies: 11
Views: 622

Re: Vanguard IRA transfer: send Certified or Regular mail

I normally send regular mail, but if all you want is a tracking number, you can use a USPS flat rate envelope. It will get there in two days. I would agree with this. There have been a number of items I've needed to send to Vanguard dealing with my mother's estate and I've often used priority mail....
by Geologist
Sun Jun 10, 2018 9:20 pm
Forum: Investing - Theory, News & General
Topic: Indexing will fail investors in next decade
Replies: 57
Views: 9520

Re: Indexing will fail investors in next decade

So, the land that UAE created, really helped lower those property values right? 8-) Rock bottom prices! The fact that some countries go through the trouble of making a tiny bit of land sort of solidifies my point. I like my odds with real estate by a mile since land is a finite commodity and they a...
by Geologist
Fri Jun 08, 2018 8:22 am
Forum: Personal Consumer Issues
Topic: To remove coffee tea stain from mug, use QxyClean
Replies: 9
Views: 1079

Re: To remove coffee tea stain from mug, use QxyClean

I use baking soda. It's a mild abrasive plus it is ultimately soluble in water so easy to clean up. This avoids any concerns about the toxicity of cleaners too.
by Geologist
Sat Jun 02, 2018 11:25 am
Forum: Investing - Help with Personal Investments
Topic: TIAA commingles Roth and non-Roth retirement funds?
Replies: 14
Views: 1228

Re: TIAA commingles Roth and non-Roth retirement funds?

It is just different from what you are used to. Your quarterly statement will show pre-tax and after-tax Roth contributions and total values for each separately. (At least my quarterly statements do so.) TIAA can account for these separately within a single contract (and of course they have to do so...
by Geologist
Tue May 08, 2018 8:44 am
Forum: Investing - Help with Personal Investments
Topic: Converting Admiral fund to ETF
Replies: 24
Views: 1752

Re: Converting Admiral fund to ETF

I tried to avoid investor shares. Even if the difference it's not that big 0.1% over the years is something In dollars, the difference is not big . For $9,999 (the maximum you could have in Investor shares without qualifying for Admiral), 0.1% extra would cost you $10 per year. For that to be signi...
by Geologist
Fri Apr 20, 2018 9:36 am
Forum: Investing - Theory, News & General
Topic: Where to find call dates for bonds in Vanguard Bond Funds
Replies: 19
Views: 1187

Re: Where to find call dates for bonds in Vanguard Bond Funds

First, the duration will be shorter than the maturity date because that is the nature of duration (except for zero-coupon bonds). The duration is much shorter than maturity for the reason you mention. Second, I don't think you will be able to get the information you want. That is one of the "prices"...
by Geologist
Thu Apr 19, 2018 6:06 am
Forum: Investing - Theory, News & General
Topic: The cost of maintaining stable NAV in money market funds
Replies: 5
Views: 896

Re: The cost of maintaining stable NAV in money market funds

In the long ago (15+ years), Prime MM was rather higher than it is now. It seems to me it was up around 0.30%. I always had the impression that this was because it had to deal with all the expenses of checkwriting when it was the main money market fund.
by Geologist
Sat Apr 14, 2018 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: DAF question
Replies: 18
Views: 1410

Re: DAF question

There has been a general view that benefits that are nominal in value don’t affect the deductibility of the gift. Admission discounts may fall under that category for membership. However, as earlier posters have stated, it is the (Donor Advised) Fund that is making the donation and you are a third p...
by Geologist
Sun Apr 01, 2018 7:57 am
Forum: Investing - Theory, News & General
Topic: Brokered CDs
Replies: 17
Views: 2638

Re: Brokered CDs

If you look, some banks do not offer their brokered CDs in some states. While this is a limited limitation, it will apply to some purchasers. Other explanations: 1) banks only offer a limited amount of CD principal value. As the higher yields are purchased, that tends to mean the banks offering lowe...
by Geologist
Sun Apr 01, 2018 7:51 am
Forum: Personal Finance (Not Investing)
Topic: [Estate tax] on savings accounts?
Replies: 19
Views: 1273

Re: death tax on savings accounts?

The answer depends on the state one lives in and maybe even on the state the beneficiary lives in. Previous responses have neglected to mention that a state has its own tax system beyond the Federal tax system. Based on the facts given, I was assuming the estate was below the limits of any state. G...
by Geologist
Sun Apr 01, 2018 7:50 am
Forum: Personal Finance (Not Investing)
Topic: [Estate tax] on savings accounts?
Replies: 19
Views: 1273

Re: death tax on savings accounts?

Furthermore, none of this depends on whether the savings account is in your living trust or not. It is all part of your estate.
by Geologist
Thu Mar 29, 2018 7:43 am
Forum: Investing - Help with Personal Investments
Topic: bid-ask spread for limit orders
Replies: 24
Views: 1906

Re: bid-ask spread for limit orders

I agree with livesoft. For $3500, any Vanguard expense ratio is inconsequential in dollars and cents. The 0.19% expense ratio that "sounds high" will cost $6.65 per year. So even if you could find a fund that cost nothing, you would save less than $7 per year. You therefore need to make your choice ...
by Geologist
Sun Mar 25, 2018 6:35 pm
Forum: Investing - Theory, News & General
Topic: How old were you when you started spending your “principal”?
Replies: 90
Views: 9264

Re: How old were you when you started spending your “principal”?

I am not being hopelessly pedantic, although some readers may think I am. Principal is money somebody owes somebody else. If you own stocks, directly or indirectly, nobody owes you nothing. Capital is what you have, and it includes gains and losses. Principal only applies if you lent somebody money...
by Geologist
Sun Mar 25, 2018 6:17 pm
Forum: Investing - Help with Personal Investments
Topic: Can I contribute to a IRA (traditional or Roth) if my income is above $200K?
Replies: 4
Views: 528

Re: Can I contribute to a IRA (traditional or Roth) if my income is above $200K?

Also, you need to be younger than 70.5 to make a contribution to a traditional IRA. Therefore, the "backdoor" Roth IRA will not be available to you the year you reach that age or older.
by Geologist
Sat Mar 24, 2018 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: Reporting Interest on Schedule B
Replies: 14
Views: 1004

Re: Reporting Interest on Schedule B

I also go by the institution. I get a 1099 from the Hornswogglers Bank and it just gives a total at the bottom (even if it lists each account separately), so I just list Hornswogglers Bank and the total amount on the tax forms.
by Geologist
Tue Mar 20, 2018 9:24 pm
Forum: Investing - Help with Personal Investments
Topic: Need help with Tax Exempt Money Market Fund
Replies: 9
Views: 1255

Re: Need help with Tax Exempt Money Market Fund

Thanks for all the tips, I really appreciate it. I just don't like owing taxes at the end of the year, I'd rather get a lower monthly dividend. Just one more quick question, if i transfer my PRIME money market into the Tax Exempt one - would I expect any "capital gains" tax? My guess is no because ...
by Geologist
Sun Mar 18, 2018 9:25 am
Forum: Investing - Theory, News & General
Topic: TIAA traditional question
Replies: 14
Views: 1341

Re: TIAA traditional question

I don't think you can get specific numbers or an equation. My father and then my mother as a survivor received payments from a Traditional TIAA annuity for a total of 32 years. It included the base amount plus "additional payments". The additional payments increased over the years, but these were de...
by Geologist
Sun Mar 18, 2018 8:02 am
Forum: Investing - Help with Personal Investments
Topic: How best to use carryover capital losses?
Replies: 17
Views: 1604

Re: How best to use carryover capital losses?

2. I'd always thought that you can use up only $3k/year of losses max. But apparently you can use all your losses against your gains. Where does the $3k limit come from? I appreciate any and all feedback on this! :sharebeer The $3000 limit applies to the use of capital losses against ordinary incom...
by Geologist
Sun Mar 18, 2018 7:53 am
Forum: Personal Finance (Not Investing)
Topic: Tax Exemptions, W-4s, and Tax Liability
Replies: 12
Views: 1142

Re: Tax Exemptions, W-4s, and Tax Liability

I see nothing wrong with having an additional dollar amount of withholding. It is what I do and the advantage of doing so is that it makes fine tuning throughout the year easier. That is, it is simpler to change the additional dollar amount up and down than to change the number of exemptions.
by Geologist
Sun Mar 11, 2018 2:31 pm
Forum: Investing - Help with Personal Investments
Topic: Buying a plot of land for retirement
Replies: 35
Views: 3804

Re: Buying a plot of land for retirement

Raw land is one of the worse investments on the planet (exaggeration :shock: kidding). Because: It has the lowest rate of property appreciation and predictability compared to improved lots (built on). It does not earn money (unless you rent it out for some type of use). It costs money to own (insur...
by Geologist
Sun Mar 04, 2018 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: How to recover 2016 income tax inappropriately withheld?
Replies: 7
Views: 426

Re: How to recover 2016 income tax inappropriately withheld?

I agree with earlyout. Line 71 is not the right line for you to be looking at. That line is only for people who paid excess social security taxes (FICA) while working (hence the statement about W2 employers). Your mother had income taxes withheld from this social security payment. It is an income ta...
by Geologist
Sun Feb 25, 2018 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: Moving Fla to PA Before Filing Income Tax
Replies: 9
Views: 590

Re: Moving Fla to PA Before Filing Income Tax

Your friends should also be ready to demonstrate when their PA-sourced residency and income commenced. I assume they have a job there, so the starting date for that would be easy to document. (That is what I did for NC.) If they are retired, there are other methods of showing when they arrived.
by Geologist
Sun Feb 25, 2018 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: Moving Fla to PA Before Filing Income Tax
Replies: 9
Views: 590

Re: Moving Fla to PA Before Filing Income Tax

I moved from Texas to North Carolina to start a job on January 15, 2001. In 2002, I received a letter of inquiry from the NC Dept of Revenue asking why I hadn't filed a NC state income tax return (or any state income tax return for the tax year 2000). This was after I filed my first NC state income ...
by Geologist
Sat Feb 24, 2018 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: bypass trusts still good?
Replies: 8
Views: 780

Re: bypass trusts still good?

In some states, there are estate/inheritance taxes for which bypass trusts can be useful. Having said that, you say you have received advice from your lawyer (who I presume is experienced with estate law for your state and knows your situation). Why then ask for advice on an anonymous forum? While t...
by Geologist
Sat Feb 24, 2018 8:09 am
Forum: Investing - Theory, News & General
Topic: Vanguard Prime Money Market Fund (VMMXX) breaks 1.00 (% not $)
Replies: 234
Views: 44278

Re: Vanguard Prime Money Market Fund (VMMXX) breaks 1.00 (% not $)

I use GS Savings which is paying 1.5%, but I see VMMXX is paying 1.5% now so thoughts are I will move some money to this so that I can move it quickly if there is a buying opportunity in equities. Question, how risky is VMMXX. How are they able to hold $1 for so long when I see their portfolio is 7...
by Geologist
Sun Feb 18, 2018 4:30 pm
Forum: Investing - Help with Personal Investments
Topic: Muni Bond market
Replies: 29
Views: 3264

Re: Muni Bond market

Annette Thau, in The Bond Book , discusses the individual municipal bond market at considerable length. The major issue is that most individual municipal bonds seldom trade, not something to do with foreign investors. She discusses how to research individual bonds and what screening criteria to cons...
by Geologist
Wed Feb 07, 2018 7:14 am
Forum: Personal Finance (Not Investing)
Topic: Questions about reporting an internship with a 1099-MISC
Replies: 36
Views: 2518

Re: Questions about reporting an internship with a 1099-MISC

For livesoft's benefit, a raft of government agencies support academic endeavors including NASA. Whether they grant degrees or teach classes is irrelevant. The comparison to private engineering firms or Google is also irrelevant because they are government agencies. Many issue stipends to students u...
by Geologist
Mon Feb 05, 2018 4:43 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard federal money market interest
Replies: 4
Views: 862

Re: Vanguard federal money market interest

A second problem with your idea (beyond your not getting the interest you supposed) is that Vanguard will not permit you to purchase money market shares on day 1 with external funds and sell them and transfer the money out two days later.
by Geologist
Sun Feb 04, 2018 5:58 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Brokerage Funds
Replies: 3
Views: 502

Re: Vanguard Brokerage Funds

What purpose are you investing this money for? When are you likely to want it as cash again? Without answers to those questions, it is hard to give you advice.
by Geologist
Sun Feb 04, 2018 5:47 pm
Forum: Personal Consumer Issues
Topic: Electric Water Heater - Which one?
Replies: 8
Views: 1079

Re: Electric Water Heater - Which one?

What about electricity consumption? In my experience looking at water heaters of one manufacturer at one retailer (which was Lowe's), those with longer warranties had more insulation and lower electricity consumption. This was enough of a difference that it made up for the additional capital expendi...
by Geologist
Sun Feb 04, 2018 10:50 am
Forum: Investing - Help with Personal Investments
Topic: Taxable account dividends and capital gains
Replies: 14
Views: 1579

Re: Taxable account dividends and capital gains

It doesn't bother me to have a large number of tax lots because that's why I have a computer. Maintaining your asset allocation is another matter and could call for reinvesting or sending to a bank account/money market account so you can re-allocate the funds. If you are going to do this, it makes n...
by Geologist
Thu Feb 01, 2018 4:15 pm
Forum: Investing - Help with Personal Investments
Topic: Municipal bond INDEX funds?
Replies: 3
Views: 862

Re: Municipal bond INDEX funds?

Does anybody know of any municipal bond INDEX funds? I'm aware of etf's that follow indexes, but I'm interested in funds. I've read John Bogle refer to Vanguard's municipal bond offerings as "quasi-index" funds that appear to follow indexes, but that are still managed. Vanguard does offer one index...
by Geologist
Wed Jan 31, 2018 10:41 pm
Forum: Investing - Help with Personal Investments
Topic: I have an overwhelming gift I'm in need of help of please.
Replies: 89
Views: 8936

Re: I have an overwhelming gift I'm in need of help of please.

If you feel overwhelmed, then you certainly should not make any large decision about the money immediately. Take your time. The wiki has a section on how to deal with windfalls.
by Geologist
Wed Jan 31, 2018 10:34 pm
Forum: Personal Finance (Not Investing)
Topic: 1099-B Gain Reporting
Replies: 5
Views: 481

Re: 1099-B Gain Reporting

Whether you transferred the money out of the mutual fund complex to an external bank account or just to a money market account in the same mutual fund complex, the act of selling the mutual fund is a sale. Even if it is called an exchange of mutual fund assets, you are selling one mutual fund to buy...
by Geologist
Wed Jan 31, 2018 10:15 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Intermediate-Term Tax-Exempt Fund
Replies: 9
Views: 2562

Re: Vanguard Intermediate-Term Tax-Exempt Fund

In many states, the part of Intermediate Bond Index dividends that are derived from US Treasuries will be exempt from state income taxes. If this is true in your state, have you accounted for this in doing your analysis of tax benefits of taxable vs. tax-exempt? This gives a slight boost to the "tax...
by Geologist
Wed Jan 31, 2018 10:51 am
Forum: Personal Consumer Issues
Topic: undergrad major shortlist process
Replies: 20
Views: 1618

Re: undergrad major shortlist process

How old is this girl? I think her interests (in the end) will outweigh almost everything else...But it is likely she will not learn about a broad enough spectrum of the world before college. That is one of the purposes of college: to expose students to things they didn't know existed before. I had a...
by Geologist
Sat Jan 27, 2018 8:46 pm
Forum: Investing - Help with Personal Investments
Topic: "Muni Bonds Time Bomb" Barron's
Replies: 47
Views: 6019

Re: "Muni Bonds Time Bomb" Barron's

There are an enormous diversity of muni issuers. It is not just governmental issuers themselves. What does the article say about this or does it just wave its hands widely about "state and local issues." Many of the revenue issuers have no pension obligations (O'Hare Airport, water or sewer bonds, p...
by Geologist
Sat Jan 27, 2018 7:19 pm
Forum: Investing - Theory, News & General
Topic: Will the expense ratio of VWRD ever drop? (NRA)
Replies: 9
Views: 1638

Re: Will the expense ratio of VWRD ever drop? (NRA)

I'm not sure what you mean when you say "0.25% is quite a lot". What you should be worried about is the difference, since you can't get your investment for free (by the way, I don't know what the tickers mean; it is customary on this board to explain what funds these are). The difference is 0.05% fo...
by Geologist
Sat Jan 27, 2018 6:59 pm
Forum: Investing - Theory, News & General
Topic: Who is buying 20 and 30 year bonds?
Replies: 15
Views: 1926

Re: Who is buying 20 and 30 year bonds?

I think you are underestimating the importance of institutions in the bond market. For US government bonds (of all maturities), $100 million trades are routine. Such trades are not conducted by individuals or even (most of the time) by mutual funds held by individuals, but the largest institutions (...
by Geologist
Thu Jan 25, 2018 6:39 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard fund minimum question.
Replies: 14
Views: 1320

Re: Vanguard fund minimum question.

To reiterate what others have briefly mentioned: Suppose Vanguard converts your Admiral shares to Investor shares. If you are just below $10,000, the added expense will cost you very little in dollars and cents (you don’t say which fund, but typically about $10 per year), so that is not something to...
by Geologist
Mon Jan 22, 2018 8:54 pm
Forum: Investing - Theory, News & General
Topic: Vanguard opens special offices for $1 million clients
Replies: 131
Views: 34076

Re: Vanguard opens special offices for $1 million clients

I would have said yesterday because I sent a secure email yesterday, but I was just notified that I have a response, so the answer is today. I would agree that most of the time a single rep was no big deal. Some came and went without my ever dealing with them. I am, however, now dealing with exactl...
by Geologist
Mon Jan 22, 2018 4:32 pm
Forum: Investing - Theory, News & General
Topic: Vanguard opens special offices for $1 million clients
Replies: 131
Views: 34076

Re: Vanguard opens special offices for $1 million clients

I'm not sure how you read the link, and I am not going to look. I'm just going to report what is going on: When I reached Flagship status, I was assigned a specific person as "my" representative. Now the specific rep has changed from time to time over the years but it remains the case to this date ...
by Geologist
Mon Jan 22, 2018 3:43 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard New Issue Brokered CDs (again)
Replies: 5
Views: 916

Re: Vanguard New Issue Brokered CDs (again)

What do you mean by "more interest"?

Some people might choose a bank that is offering lower interest than Safra because they already have CDs from Safra and have reached the FDIC limit. There may be some states in which Safra is not offering its CDs.
by Geologist
Mon Jan 22, 2018 3:40 pm
Forum: Investing - Theory, News & General
Topic: Vanguard opens special offices for $1 million clients
Replies: 131
Views: 34076

Re: Vanguard opens special offices for $1 million clients

It is interesting that this year old conversation was revived. I am wondering if anyone has heard, seen, or experienced any changes or actions with regard to the "special offices"? It seems to me that perhaps some of the perks for the million dollar clients have in fact been deleted such as the ded...
by Geologist
Sun Jan 21, 2018 4:16 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA - How do I tell the tax year of a contribution?
Replies: 9
Views: 621

Re: TIAA - How do I tell the tax year of a contribution?

In the old days, which were only 15 years ago, my employer mailed a check (total for all employees) to TIAA each month. You should not be surprised that in December this check never arrived until January. Nonetheless, these were December contributions. Nothing changes just because money moves electr...