Search found 194 matches

by Lastrun
Tue Feb 18, 2020 3:39 pm
Forum: Personal Investments
Topic: What to look for in a Financial Planner/Advisor??
Replies: 33
Views: 1801

Re: What to look for in a Financial Planner/Advisor??

What to look for in a Financial Planner/Advisor?? The exit. :D Bingo. +1 Honestly, based on what is sounds like you are looking for, a rainy weekend of heavy reading and month or so reading this board, will give you what you need on investing. What you need to look at are topics such as the basics ...
by Lastrun
Thu Feb 06, 2020 11:54 am
Forum: Personal Investments
Topic: Who is buying I Bonds before May 1st?
Replies: 20
Views: 2243

Re: Who is buying I Bonds before May 1st?

I am waiting until April 10, but expect I will pull the trigger then for the year. I think the TIPSWatch guy always has good advice on this.

https://seekingalpha.com/article/431528 ... e-for-2020
by Lastrun
Thu Feb 06, 2020 11:10 am
Forum: Personal Investments
Topic: Ally 13 month CD 2.10% (offer good through 3/31/20)
Replies: 22
Views: 3248

Re: Ally 13 month CD 2.10% (offer good through 3/31/20)

Also, if you are renewing, on the drop down list for what type of CD you want to rollover into, the 13 month select is not in order--meaning between the 12 and 18 month CDs, it is at the bottom of the list after the 5 year. For a few seconds, I thought it was not available as a rollover.
by Lastrun
Tue Feb 04, 2020 11:44 am
Forum: Personal Finance (Not Investing)
Topic: who do you bank with and why?
Replies: 97
Views: 6376

Re: who do you bank with and why?

[Do you know why you get such quick transfers to Ally. I know many who do not. My experience has been very good with Ally on transfers. Almost monthly, I transfer a low to mid 5 figure sum to Ally from a local-yocal bank. It is in the Ally account and available, by 6am the next morning. These would...
by Lastrun
Wed Jan 29, 2020 10:16 am
Forum: Investing - Theory, News & General
Topic: Article: 'Is the Fama-French Model Dead?'
Replies: 28
Views: 2150

Re: Article: 'Is the Fama-French Model Dead?'

The interesting line I lifted is this one: " I have never seen a good argument for how these factors help manage risk, but I understand how they are very useful in explaining why returns were down last month." Yes, that one stuck out to me as well. One of the most convincing arguments I have read o...
by Lastrun
Sun Jan 19, 2020 2:58 pm
Forum: Personal Investments
Topic: Is it worth it for me to start backdoor Roth-ing?
Replies: 8
Views: 932

Re: Is it worth it for me to start backdoor Roth-ing?

quadog wrote:
Sun Jan 19, 2020 2:49 pm
I’m maxing out 401k contributions.
Can you contribute the two traditional IRAs into your 401K? This is what I did. We have a great 401K at work though.
by Lastrun
Sun Jan 19, 2020 2:11 pm
Forum: Personal Investments
Topic: 11 month No penalty CDs
Replies: 3
Views: 873

Re: 11 month No penalty CDs

A couple of points and thoughts: You are correct on how the no penalty CDs (NPCD) work. There is a short lock up period (typically a week) and then you can withdrawal at any time after that with accrued interest and no penalty. For the past 6 months or so these NPCDs have been attractive with the on...
by Lastrun
Sat Jan 18, 2020 1:28 pm
Forum: Personal Investments
Topic: Ally to require SSN for benefiaries, points to new FDIC rule
Replies: 38
Views: 2361

Re: Ally to require SSN for benefiaries - blames new FDIC rule

Otherwise, how do beneficiaries EVER inherit funds in such cases? The reality of the situation is that most financial institutions do NOT distribute directly from the decedent's account. Assume no trust is involved. They will either distribute to the estate if there is no beneficiary, or to the ben...
by Lastrun
Sat Jan 18, 2020 12:53 pm
Forum: Personal Investments
Topic: Ally to require SSN for benefiaries, points to new FDIC rule
Replies: 38
Views: 2361

Re: Ally to require SSN for benefiaries - blames new FDIC rule

stan1 wrote:
Sat Jan 18, 2020 12:47 pm
Seems like you have several choices:
. . . . .
2) Put account into trust and leave to heirs that way instead of PoD
. . . . .
This works and there is also another option. Designate a revocable trust as the DB and use your SSN for the tax id for the trust.
by Lastrun
Sat Jan 18, 2020 12:51 pm
Forum: Personal Investments
Topic: Ally to require SSN for benefiaries, points to new FDIC rule
Replies: 38
Views: 2361

Re: Ally to require SSN for benefiaries - blames new FDIC rule

Presumably, when you are hit by the bus, places will use other information to match against their records. Exposing SSN of beneficiaries is a risk (to them). That is not my experience. The DB, executor or trustee will contact the financial institution and they will request W-9s for the BDs before a...
by Lastrun
Sat Jan 18, 2020 12:37 pm
Forum: Personal Investments
Topic: Ally to require SSN for benefiaries, points to new FDIC rule
Replies: 38
Views: 2361

Re: Ally to require SSN for benefiaries - blames new FDIC rule

I am confused by this thread: First, most POD/TOD/BD forms I have seen (Schwab, Fidelity, etc.) ask for the SSN of each beneficiary. If you are designating a beneficiary for your Ally account today, you also assume the worst that the POD/TOD will become active tomorrow when you are hit by a bus. Tom...
by Lastrun
Thu Jan 16, 2020 1:18 pm
Forum: Personal Investments
Topic: Which Merrill Edge money market fund to use?
Replies: 16
Views: 1382

Re: Which Merrill Edge money market fund to use?

Most ME folks here are using the following ETFs:

BIL
SHV
ICSH
GSY

There are some others mentioned a little less frequently:

NEAR
MINT
JPST

They have a mix of bonds and longer duration. I have also seen the VG short treasury ETF mentioned. You can get BPTXX at ME for a $5K minimum.
by Lastrun
Mon Jan 13, 2020 3:05 pm
Forum: Personal Consumer Issues
Topic: Upgrade Bank of America Credit Card?
Replies: 29
Views: 2267

Re: Upgrade Bank of America Credit Card?

investor997 wrote:
Mon Jan 13, 2020 2:49 pm
Why not? It's free money. The Cash Rewards card has no annual fee, plus it looks like it's got a $200 sign-up bonus available.
Yep, good point, I got the bonus, but simplicity is also something I am interested in.

$175 is laying open on the street, why not pick it up.
by Lastrun
Mon Jan 13, 2020 2:02 pm
Forum: Personal Consumer Issues
Topic: Upgrade Bank of America Credit Card?
Replies: 29
Views: 2267

Re: Upgrade Bank of America Credit Card?

But note that the BofA Cash Rewards Card at the 5.25% level is limited to $2,500 of spend per quarter. For me, I am questioning whether it is worth it to run an additional card for $175 per year (5.25% versus 3.5%*$10,000).
by Lastrun
Fri Jan 10, 2020 3:10 pm
Forum: Personal Consumer Issues
Topic: phone scam
Replies: 30
Views: 2684

Re: phone scam

If you had read the texted security code, that would be a big issue. Why? Say I (the scammer) have your Vanguard username and password. I login into VG but hit the two factor authentication function and it asks to send a text code to my cell phone for verification. I, the scammer, then spoof you on...
by Lastrun
Thu Jan 09, 2020 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: Generation skipping tax and 529 plans
Replies: 4
Views: 611

Re: Generation skipping tax and 529 plans

It makes very little sense to use up any life time exclusion unless necessary. Also when you couple the annual exclusion, the 529 front load rule, the direct payment exclusion in 2503(e), and HEET trusts its hard to come up with a compelling scenario to use lifetime exclusion for education related ...
by Lastrun
Sun Jan 05, 2020 10:01 pm
Forum: Investing - Theory, News & General
Topic: 2020 I Bonds: what's your plan?
Replies: 33
Views: 4330

Re: 2020 I Bonds: what's your plan?

New Tipswatch article is out.

https://seekingalpha.com/article/431528 ... e-for-2020

Basic thrust is .20 is perhaps as good as it will get in 2020, but perhaps wait until mid April to see where things are.
by Lastrun
Thu Jan 02, 2020 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Is it worth chasing savings account interest rates?
Replies: 14
Views: 1257

Re: Is it worth chasing savings account interest rates?

I used to, and I gave it up. One key is always to do the math. How much benefit will you be getting, in dollars ? Because it might be better just to organize your grocery coupons. This^^^^^^ I almost started to rate chase this fall when rates drop but realized I would “make” far more working on the...
by Lastrun
Sat Dec 28, 2019 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Best brick and mortar savings rates for child
Replies: 17
Views: 1122

Re: Best brick and mortar savings rates for child

My two cents: First TD Bank and TDA are not linked (even before the acquisition by Schwab). I don't think the interest rate is really going to matter that much unless the child is going to be earning and/or stashing away a fair amount of money. What is more important to me is that while growing up t...
by Lastrun
Wed Dec 25, 2019 11:06 am
Forum: Personal Finance (Not Investing)
Topic: White Coat Investor: Enough is Enough!
Replies: 289
Views: 30954

Re: White Coat Investor: Enough is Enough!

I have been doing this for my whole life. So does many others. But, it is impossible for some people. +1. This was actually the great compromise with DW. We set our savings goals and don’t worry about the rest of the budget. Makes the financial partnership much easier. But I appreciate the fact tha...
by Lastrun
Tue Dec 24, 2019 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: 46 Years Old - Term Life Insurance - How much, how long?
Replies: 9
Views: 1308

Re: 46 Years Old - Term Life Insurance - How much, how long?

A couple of thoughts. I am 57 and my term policy will time out at 62. That was intentional, but I have some regrets. First, as to amount, health can turn on a dime, so consider the amount carefully. If you are still healthy later on you can reduce coverage with a new policy, but the opposite is not ...
by Lastrun
Mon Dec 23, 2019 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Non-qualified trust as beneficiary of an IRA
Replies: 40
Views: 2302

Re: Non-qualified trust as beneficiary of an IRA

I believe that a conduit trust must distribute all amounts withdrawn from the IRA immediately to the trust beneficiary. Otherwise, it would be an accumulation trust (and would have to meet the additional IRS requirements). Yes correct, this is the essence of the "see through" But my issue is with t...
by Lastrun
Mon Dec 23, 2019 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Non-qualified trust as beneficiary of an IRA
Replies: 40
Views: 2302

Re: Non-qualified trust as beneficiary of an IRA

Are you all saying that professionals are drafting conduit trusts that both (a) restrict the power of the trustee to withdraw amounts from the IRA and receive only the RMDs, and (b) only allow the trustee to distribute the RMD to the beneficiary. I can see the latter (b), but can't imagine (a). Dist...
by Lastrun
Mon Dec 23, 2019 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Non-qualified trust as beneficiary of an IRA
Replies: 40
Views: 2302

Re: Non-qualified trust as beneficiary of an IRA

One article mentioned depending on how the trust is worded it may explicitly say it is to distribute on an RMD schedule. Indeed, I cannot imagine such a rigid trust. Seems like some possible scare mongering. Despite a conduit provision to distribute the RMD to the beneficiaries, the Trustee could p...
by Lastrun
Wed Dec 18, 2019 11:05 am
Forum: Investing - Theory, News & General
Topic: Article: EE Bonds are the best Long Term bond
Replies: 84
Views: 8796

Re: Article: EE Bonds are the best Long Term bond

At what age would it be reasonable to stop purchasing $10k per year EE's. Thinking of my first purchase at age 57. I plan to stop purchasing them when my wife is age 65, meaning taking her to age 85. One way to look at EE bonds is a CD with a hefty early withdrawal penalty because of the cliff on d...
by Lastrun
Mon Dec 16, 2019 10:28 am
Forum: Personal Investments
Topic: New I Bond Fixed rate .20%
Replies: 10
Views: 2006

Re: New I Bond Fixed rate .20%

Lastrun, do you really think E Bonds are worth it? It is a tough call. Sometimes, I wonder whether the EEs are worth it. I do not have the same "remorse" with the I Bonds. Good arguments for and against. But I am blessed that the EE bonds will not be a significant enough percentage of my assets to ...
by Lastrun
Sun Dec 15, 2019 9:22 am
Forum: Personal Investments
Topic: New I Bond Fixed rate .20%
Replies: 10
Views: 2006

Re: New I Bond Fixed rate .20%

I am highly liquid, almost 58 and don't need the money anytime soon. I am in the same situation with extra income with everything else maxed out. I am waiting until March to see which way the winds are blowing. But pulling the trigger now is a reasonable approach. Before the April and November anno...
by Lastrun
Wed Dec 11, 2019 4:21 pm
Forum: Personal Consumer Issues
Topic: [On-going Scams - Post them here]
Replies: 229
Views: 11680

Re: another too clever scam

Yeah, I really doubt that Google gave him any kind of scam website as a top search - ad driven or not. Either he got his computer hijacked, or he went down some rabbit hole of sketchy upon sketchy websites that were far from Google. I was in the bank the other day waiting to send a wire. Older gent...
by Lastrun
Tue Dec 10, 2019 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Whole Life w/ LTC Rider vs Savings Account
Replies: 12
Views: 713

Re: Whole Life w/ LTC Rider vs Savings Account

Certainly no expert here, but I am not sure the accelerated benefit rider on the Lincoln policy is the same as the new true hybrid policies. Hopefully some of the experts can chime in here. For example, here is an excerpt from Brighthouse: Long-term care (LTC) benefits provided by riders to the poli...
by Lastrun
Sun Dec 08, 2019 7:33 am
Forum: Personal Finance (Not Investing)
Topic: RIC-E Trust Alternatives
Replies: 3
Views: 359

Re: RIC-E Trust Alternatives

Some threads on this. Tread carefully. Hotel California.

viewtopic.php?t=120672

viewtopic.php?t=18309

viewtopic.php?t=10253
by Lastrun
Fri Dec 06, 2019 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Your credit card debt dies when you die (usually)
Replies: 128
Views: 6107

Re: Your credit card debt dies when you die (usually)

The concept of an unscrupulous credit card company in the OP is fine. The concept of this thread, please re-read the title of the thread, is incorrect, at least under VA law. The approach should be two-fold, have all your assets TOD or joint and PRAY that there are no other probate assets, and PRAY ...
by Lastrun
Fri Dec 06, 2019 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Your credit card debt dies when you die (usually)
Replies: 128
Views: 6107

Re: Your credit card debt dies when you die (usually)

Finally, I suspect most people on this board would want their debts paid. I do not want my heirs to voluntarily pay any of my unsecured debt after I die. What does your Will say? Bet it says upon my death pay my debts---most do. I do not expect my will to be used since I expect my assets to pass ou...
by Lastrun
Fri Dec 06, 2019 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Your credit card debt dies when you die (usually)
Replies: 128
Views: 6107

Re: Your credit card debt dies when you die (usually)

Finally, I suspect most people on this board would want their debts paid. I do not want my heirs to voluntarily pay any of my unsecured debt after I die. What does your Will say? Bet it says upon my death pay my debts---most do. Your personal representative may also be required by law in some state...
by Lastrun
Fri Dec 06, 2019 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Why I love banks
Replies: 79
Views: 10216

Re: Why I love banks

Is it possible to just move a portion of one's assets? For example, lets say you have in your brokerage account: $200k in VTI and $100k in BND can you just move $100k of VTI leaving the rest behind? If I understand your question right, this is what I did. I moved certain securities I had at Vanguar...
by Lastrun
Sun Dec 01, 2019 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken 2019 and forward
Replies: 238
Views: 20958

Re: Quicken 2019 and forward

I use Premier, mostly because I have many investments and accounts. I use Deluxe, and have many investments and accounts. Just like with TurboTax, the marketing of these products is very misleading. The only differences between Deluxe and Premier are Quicken BillPay (which I never used and wouldn't...
by Lastrun
Sat Nov 30, 2019 5:25 am
Forum: Personal Investments
Topic: All in one Funds
Replies: 16
Views: 2284

Re: All in one Funds

You might prefer one of the Vanguard LifeStrategy funds, since their allocation does not change over time like those of the Target Retirement funds. Here’s more info: https://investor.vanguard.com/mutual-funds/lifestrategy/#/ Wait, I thought the VG Target Retirement Income Fund WAS fixed? And the 2...
by Lastrun
Sat Nov 30, 2019 5:19 am
Forum: Personal Finance (Not Investing)
Topic: Alliant Credit Union security?
Replies: 8
Views: 716

Re: Alliant Credit Union security?

Have you ever given your credentials to an aggregation site? The reason is I had a similar issue with Capital One just last week but my account there has been closed for about a year. Only thing I could think of is was at one time that account was linked to Personal Capital that I also do not use an...
by Lastrun
Wed Nov 27, 2019 9:17 am
Forum: Personal Consumer Issues
Topic: How is Columbia SC, for living ? transition to semi retirement ?
Replies: 26
Views: 3052

Re: How is Columbia SC, for living ? transition to semi retirement ?

Oppressively hot and humid during summer. Sandy soil everywhere, but beach is still hours away. +1 The humidity is really high. There would have to be winter year around in Minnesota for me to relocate there. +1 I live about 60 minute north of Columbia. During the summers the heat is very oppressiv...
by Lastrun
Sat Nov 23, 2019 6:23 am
Forum: Personal Finance (Not Investing)
Topic: Are complicated credit card cash back strategies worth it?
Replies: 131
Views: 11596

Re: Are complicated credit card cash back strategies worth it?

I believe the correct adage is actually, "It is better to give than to receive." Do you sincerely believe the opposite? That these debtors should buy your meals and subsidize your vacations? Do you mean to return the favor any time soon? Can you tell me why you should be paid for spending money? Do...
by Lastrun
Fri Nov 22, 2019 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge Combo
Replies: 18
Views: 2292

Re: Bank of America/Merrill Edge Combo

^^^^^ Not sure this is right so double check. My understanding is that you MUST have a BofA checking account for the 90 day clock to start. I transferred ETFs into ME, and then opened the no fee checking account. After 90 days I got the status and they upgraded the checking account. I also would loo...
by Lastrun
Wed Oct 16, 2019 8:42 pm
Forum: Personal Investments
Topic: How can I beat Vanguard Prime Money Market Fund in retirement account?
Replies: 22
Views: 3603

Re: How can I beat Vanguard Prime Money Market Fund in retirement account?

I had a similar issue where I needed to use ETFs to emulate a money market fund. I found this along the way at Betterment and it got me thinking. https://www.betterment.com/legal/smart-saver/ . They use NEAR and SHV so they goose a short term tbill ETF with an ultra short bond fund to create an in h...
by Lastrun
Mon Oct 14, 2019 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: BoA preferred rewards - worth it for very high spend?
Replies: 16
Views: 1617

Re: BoA preferred rewards - worth it for very high spend?

The cash rewards card that gives 3.5 for Costco and 5.25 for a category of your choice is limited to $2500 in spend every quarter so keep that in mind. The premium rewards card that gives 3.5 travel/dining and 2.625 on all purchases does not have a cap I don’t see a big hassle in maintaining status...
by Lastrun
Mon Oct 07, 2019 4:19 pm
Forum: Personal Investments
Topic: New Merrill Edge cash solutions (possibly?)
Replies: 38
Views: 5461

Re: New Merrill Edge cash solutions (possibly?)

It is the Premium Rewards with the $95 fee. You do however, get a travel incidentals credit of $100 (luggage), $100 TSA credit, and the Visa Hotel benefits (late check-in/checkout, upgrade, free breakfast and $25 hotel cash). Also, the insurance programs for the card are not half-bad. So for some th...
by Lastrun
Tue Aug 06, 2019 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: high yield savings vs. no penalty CDs
Replies: 28
Views: 2956

Re: high yield savings vs. no penalty CDs

No penalty CD offers potential to get best of both worlds, maybe. . . . This really tips the balance for me - if your time frame is a year or two I don't think APY should be your top deciding factor, since they are so close - the difference in earned interest is pretty small. I would much rather fa...
by Lastrun
Thu Aug 01, 2019 2:40 pm
Forum: Investing - Theory, News & General
Topic: Vanguard promoting their Actively managed funds
Replies: 54
Views: 4800

Re: Vanguard promoting their Actively managed funds

Agree, they are promoting it. VGs head of active was on a Bloomberg show last week.

https://www.bloomberg.com/news/videos/2 ... rius-video
by Lastrun
Tue Jul 16, 2019 7:47 pm
Forum: Personal Investments
Topic: Ultra short term bond ETF comparison - saving account alternative
Replies: 6
Views: 1701

Re: Ultra short term bond ETF comparison - saving account alternative

I’m in the same boat using Merrill with no good MM option. I think the best to replicate a MM is SHV, because it’s all Treasury and cash holdings. Many others hold corporate debt, some BBB grade, etc. +1 I looked at this hard as well for ME/BofA. I also ditto Vineviz’s approach to juice the return ...
by Lastrun
Sat Jun 29, 2019 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Basic LLC Questions
Replies: 10
Views: 906

Re: Basic LLC Questions

No tax savings from either. There should be liability protection if properly structured and operated. Assuming you sell your inventory you will recognize ordinary income in amount of gross income minus expenses. From my experience as part of a small LLC, the liability protection is commonly limited...
by Lastrun
Sat Jun 29, 2019 12:15 pm
Forum: Investing - Theory, News & General
Topic: "Alice's Adventures in Factorland"
Replies: 209
Views: 11920

Re: "Alice's Adventures in Factorland"

Rossington Again suggest a different perspective TSM investors are the ones "rolling the dice" concentrating their bet in one factor and it has large percentage of assets concentrated in few stocks (so most susceptible to bubbles). Those that diversify across unique sources of risk are avoiding the...
by Lastrun
Sat Jun 29, 2019 10:16 am
Forum: Investing - Theory, News & General
Topic: Simplicity (Three Fund) vs. Return (Slightly more complex):
Replies: 45
Views: 3823

Re: Simplicity (Three Fund) vs. Return (Slightly more complex):

Comparisons are tough in my opinion as very quickly you are comparing portfolios with very different metrics (stock-bond percentages, standard deviation, etc.) But I think to answer your question, for me, I will compare something with VBINX (Vanguard Balanced Index Investor Shares)--60/40, almost 30...
by Lastrun
Fri Jun 28, 2019 4:49 pm
Forum: Personal Investments
Topic: Merrill Edge alternatives to Vanguard Money Market Funds
Replies: 11
Views: 1619

Re: Merrill Edge alternatives to Vanguard Money Marker Funds

Forgive my ignorance but what is the risk of something like GBIL or SHV? I’m using this as a s hort term savings account and don’t want to be subject to any loss of principal . My objective was to keep everything with ME and get a safe return around 2% . If that isn’t possible I’ll just open up an ...