Search found 1487 matches

by Stinky
Sat Aug 24, 2019 6:33 pm
Forum: Personal Investments
Topic: Should I wait to reset my AA or would that be market timing?
Replies: 11
Views: 641

Re: Should I wait to reset my AA or would that be market timing?

grabiner wrote:
Sat Aug 24, 2019 3:13 pm
The way to see that you are not market timing is that you are making a permanent move. You are changing to a different allocation
+1
by Stinky
Sat Aug 24, 2019 12:32 pm
Forum: Personal Investments
Topic: Responding to a CP2000 Notice
Replies: 54
Views: 4161

Re: Responding to a CP2000 Notice

White Coat Investor wrote:
Sat Aug 24, 2019 12:19 pm

The IRS is my pen pal. We exchange letters at least once a quarter
As the old saying goes, “With friends like this, who needs enemies.” :happy
by Stinky
Sat Aug 24, 2019 9:51 am
Forum: Personal Consumer Issues
Topic: iphone battery issue?
Replies: 32
Views: 1388

Re: iphone battery issue?

If you take it to an apple store they may fix it on the spot or just swap it for a new one. They did that for my iPad once when the wifi appeared broken. You may need to make an appointment though. I also have AT&T service, but always go the Apple store for any type of service / questions. Thankful...
by Stinky
Sat Aug 24, 2019 9:45 am
Forum: Personal Investments
Topic: Wiki Capital gains question
Replies: 3
Views: 230

Re: Wiki Capital gains question

The point being made is that if you invest new money and purchase shares the day before capital gains are reported you will owe taxes on that purchase the next day. You don’t want to do that. Cheers +1 By way of illustration, assume that a mutual fund distributes capital gains on December 20, and t...
by Stinky
Sat Aug 24, 2019 9:39 am
Forum: Personal Investments
Topic: Inherited IRA
Replies: 6
Views: 454

Re: Inherited IRA

Be aware that you will pay taxes on the money withdrawn from the IRA. If you have another source of taxable funds AND the inherited IRA was a transfer / beneficiary distribution from a parent and set up as such, you can defer taxes on the IRA over your calculated life expectancy, only taking RMDs e...
by Stinky
Sat Aug 24, 2019 9:34 am
Forum: Investing - Theory, News & General
Topic: Is the S&P 500 good enough?
Replies: 28
Views: 2466

Re: Is the S&P 500 good enough?

Is it perfect? No.

Is it good enough? In my view, yes.
by Stinky
Fri Aug 23, 2019 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: How to help an employee who is in debt and requesting a loan
Replies: 72
Views: 3962

Re: How to help an employee who is in debt and requesting a loan

I think Dave Ramsey courses can be helpful. Of course the employee needs to have a teachable spirit. +1 Dave Ramsey often talks about people “being sick and tired of being sick and tired”. Until people reach the point of being sick and tired, they will not change. I think that Dave Ramsey’s budgeti...
by Stinky
Fri Aug 23, 2019 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Optional Life Insurance (through employer)?
Replies: 29
Views: 933

Re: Optional Life Insurance (through employer)?

Smart. 19 years gets us to the point both would hypothetically be entering college so I like having the foundation of 20 years to start, so I'll scrap the 10 year from this approach. Then I guess it just comes down to crunching some numbers on need (or want) then getting some quotes and making fina...
by Stinky
Fri Aug 23, 2019 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Does it matter if your "potential" estate attorney is near retirement?
Replies: 20
Views: 1084

Re: Does it matter if your "potential" estate attorney is near retirement?

When I have a choice, I wouldn’t hire a professional with whom I hope to have a long term relationship who is decades older than me. I’d try to find someone closer to my age.

Applies to doctors, lawyers, accountants, etc.
by Stinky
Fri Aug 23, 2019 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Optional Life Insurance (through employer)?
Replies: 29
Views: 933

Re: Optional Life Insurance (through employer)?

I really like these suggestions. So for example, this setup could look something like this? 10 year policy for ~ 1mil 20 year policy for ~ 500k 30 year policy for ~ 250k Not saying those are the firm numbers I'd select, but knowing that after 10 years passes and the much larger policy drops off I w...
by Stinky
Fri Aug 23, 2019 9:31 am
Forum: Personal Investments
Topic: Vtsax calculation
Replies: 13
Views: 1013

Re: Vtsax calculation

Growing $25,000 to $92,081 over 16 years is a compound annual growth rate of 8.49%. That would be OP’s return if the investment was made exactly 16 years ago, and dividends were reinvested. If dividends were not reinvested, the rate of return is higher. We can’t know this rate of return until we kno...
by Stinky
Thu Aug 22, 2019 7:58 am
Forum: Personal Investments
Topic: Back at This 401k Thing Again.
Replies: 4
Views: 427

Re: Back at This 401k Thing Again.

The difference between the target date funds (Lifepath) and the individual funds mentioned above is so minor you could easily just choose the target date funds and simplify your life. I agree. You have some good choices here in either individual funds or target date funds. It's good that the funds ...
by Stinky
Wed Aug 21, 2019 8:04 pm
Forum: Personal Investments
Topic: My company is going to Fidelity for retirement services. Should I open a private acct now ? Or wait until after the move
Replies: 6
Views: 628

Re: My company is going to Fidelity for retirement services. Should I open a private acct now ? Or wait until after the

Kumsajack wrote:
Wed Aug 21, 2019 12:21 pm

My question is should I wait until January to open a private account with Fidelity ? Or start now, so I can get on with the consolidation.
I’d do it now, while it’s on your mind.

You’re simplifying your portfolio, and there’s no reason to delay that.
by Stinky
Wed Aug 21, 2019 7:56 pm
Forum: Personal Investments
Topic: How do bond ratings degrade during recession?
Replies: 9
Views: 609

Re: How do bond ratings degrade during recession?

Your real concern isn't the letter grades, but the change in prices due to default risk. To see this effect, compare the returns of different types of bonds in the fall of 2008, when the stock market crashed. Vanguard Intermediate-Term Investment-Grade lost 13% top to bottom, and took eight months ...
by Stinky
Wed Aug 21, 2019 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: Optional Life Insurance (through employer)?
Replies: 29
Views: 933

Re: Optional Life Insurance (through employer)?

Nate79 wrote:
Wed Aug 21, 2019 5:17 pm
Shop term4sale or zander for level term insurance.
+1.

These are two excellent sites. I personally prefer Zander.com.
by Stinky
Wed Aug 21, 2019 7:33 pm
Forum: Investing - Theory, News & General
Topic: Personal Advisor Services rocked today!
Replies: 20
Views: 3568

Re: Personal Advisor Services rocked today!

Thanks for sharing your story. Glad that you had a very good meeting.

So often people will post only their bad experiences. It’s refreshing to hear some good too.
by Stinky
Wed Aug 21, 2019 7:22 pm
Forum: Personal Investments
Topic: Do you view a Pension like bonds as part of you portfolio?
Replies: 12
Views: 557

Re: Do you view a Pension like bonds as part of you portfolio?

I look at my asset allocation both ways - Primary look is excluding PV of the pension, because those are the assets I can get my hands on. Secondary look includes the PV of the pension, based on an amortization of the cash-out amount that I was offered at time of retirement. I adopted this way of lo...
by Stinky
Wed Aug 21, 2019 7:29 am
Forum: Personal Investments
Topic: 401k Rollover disaster
Replies: 31
Views: 2097

Re: 401k Rollover disaster

Welcome to the Board! Glad that you're posting here. It looks like you rolled from your 401(k) to an IRA. Is that correct? If so, you should take charge of your financial assets. I expect that you're paying fees to your "slick financial advisor" - maybe 1% per year, maybe more. Move the assets to Va...
by Stinky
Wed Aug 21, 2019 5:58 am
Forum: Personal Investments
Topic: Should I stay or get out of Index Universal Life Insurance
Replies: 14
Views: 750

Re: Should I stay or get out of Index Universal Life Insurance

I'm confused by the information provided. Have you been paying $335 per month on your UL policy for the last 8 years? If so, you've paid just over $32,000 for a policy that currently has a surrender value of just over $30,000. Clearly a horrible "investment", at least to date. Your results would hav...
by Stinky
Wed Aug 21, 2019 5:46 am
Forum: Personal Investments
Topic: Inverted Yield Curve - Anyone making portfolio changes?
Replies: 26
Views: 2757

Re: Inverted Yield Curve - Anyone making portfolio changes?

tommy2punch wrote:
Tue Aug 20, 2019 11:52 pm
Hey all,
Just curious to see if any of you have made changes to a more conservative portfolio based on the inverted yield curve? Interested to hear your thoughts!
Would that be "market timing"?

Seems to me that it would be .....
by Stinky
Tue Aug 20, 2019 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: Should you buy less life insurance if you qualify for Social Security Death benefits?
Replies: 8
Views: 462

Re: Should you buy less life insurance if you qualify for Social Security Death benefits?

My goals for my family were for my children and wife to be able to enjoy a stable home, including my wife to be able to maintain our standard of living in retirement even if I was dead. I didn't want my wife to have to lower her standard of living after the children were launched. SS benefits would...
by Stinky
Tue Aug 20, 2019 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Pension or Hybrid LTC?
Replies: 7
Views: 369

Re: Pension or Hybrid LTC?

Wenonah wrote:
Tue Aug 20, 2019 12:36 pm
He is not planning on leaving his wife any pension because the hybrid policy will take care of her.
Two really bad ideas in one sentence.

Bad idea - not leaving his wife any pension.

Even worse idea - buying a whole life policy with a LTC rider.
by Stinky
Tue Aug 20, 2019 3:18 pm
Forum: Personal Investments
Topic: Anyone else more aggressive in retirement than required?
Replies: 52
Views: 4037

Re: Anyone else more aggressive in retirement than required?

Retired 20 years ago, current age 75 with COLA pension enough for my needs. 100% stocks portfolio that I plan to retain to my grave. I give away to my potential heirs 3.5% of my portfolio each year. If you can withstand the stomach churns as the market tanks, and have enough NW, I see no special re...
by Stinky
Tue Aug 20, 2019 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Re: Applying for Medicare / Any Problems Submitting Requested Documents?
Replies: 25
Views: 1253

Re: Applying for Medicare / Any Problems Submitting Requested Documents?

No I don't have a Medicare card yet. I am 7 months from age 65. Maybe when I am 3 months from 65 the SSA website will show me more options? I was thinking I could start reviewing options by creating an account but maybe I have to wait. I don’t think that you can have a myMedicare account until you ...
by Stinky
Tue Aug 20, 2019 10:25 am
Forum: Personal Investments
Topic: Boglehead Baby
Replies: 13
Views: 1162

Re: Boglehead Baby

Ps. I “gifted “ my kids their college and they emerged debt free and a FICO score of 820 because I put the credit cards in their name , which I controlled and paid them on time every month for four years. The result. Full college degrees, no debt and great credit. I was very proud of being able to ...
by Stinky
Tue Aug 20, 2019 10:01 am
Forum: Personal Investments
Topic: Advice Requested: My Mom's Edward Jones Account
Replies: 30
Views: 2946

Re: Advice Requested: My Mom's Edward Jones Account

You are all so absolutely AWESOME.... My mom did mention to me that her Edward Jones adviser had discovered that the annuity thing may not be such a good idea. I will get more information from her about it and post it. I'll call my mom, Linda, today and see when we can meet to discuss her next step...
by Stinky
Tue Aug 20, 2019 8:47 am
Forum: Investing - Theory, News & General
Topic: GE shares tank more than 13% after Madoff whistleblower calls it a ‘bigger fraud than Enron'
Replies: 101
Views: 10284

Re: GE shares tank more than 13% after Madoff whistleblower calls it a ‘bigger fraud than Enron'

I've finally read the report. It is absolutely devastating concerning the LTC business. I was in the insurance business, and worked with rate calculations and rate increases on health insurance for my company (thankfully, we didn't write LTC business). GE got the worst tranche of just about the wors...
by Stinky
Tue Aug 20, 2019 8:08 am
Forum: Personal Investments
Topic: Advice Requested: My Mom's Edward Jones Account
Replies: 30
Views: 2946

Re: Advice Requested: My Mom's Edward Jones Account

Actually the information about the listing of her annuity is just on her Edwards Jones paperwork. The paperwork, I am just looking at it now, reads: Annuities -- Held at Vendor Venture Opportunity Annuity A from John Hancock In Gratitude, Anne (and Linda) If you'll post some information about the a...
by Stinky
Tue Aug 20, 2019 7:56 am
Forum: Personal Investments
Topic: Help getting out from under Northwestern and onto my own
Replies: 22
Views: 1687

Re: Help getting out from under Northwestern and onto my own

Welcome to the Forum! Glad that you found us. Congratulations on recognizing that you're getting hosed by NW Mutual, and making the decision to move to Vanguard. Thankfully, you have made the decision to move before your (incredibly high) AUM fee with NW Mutual is taking too much of a bite from your...
by Stinky
Tue Aug 20, 2019 7:48 am
Forum: Personal Finance (Not Investing)
Topic: Re: Applying for Medicare / Any Problems Submitting Requested Documents?
Replies: 25
Views: 1253

Re: Applying for Medicare / Any Problems Submitting Requested Documents?

Both my wife and I enrolled in Medicare online and with zero problems or complications. I was able to sign up for Medicare online with no problem. However, we ran into problems with DW. She was a SAHM and did not have enough quarters to qualify for coverage on her own - so she had to apply as my sp...
by Stinky
Tue Aug 20, 2019 7:43 am
Forum: Personal Finance (Not Investing)
Topic: Would You Refinance Under the Following Circumstances
Replies: 16
Views: 972

Re: Would You Refinance Under the Following Circumstances

Thanks all for the replies. Plan to go ahead with the application to refinance. I am not finding better rates for my zip code at this time. I think that's a good decision. You just need to plan to stay in the house for three years or more. OP, I'm sure you've considered this, but by moving from a 3...
by Stinky
Tue Aug 20, 2019 7:38 am
Forum: Personal Finance (Not Investing)
Topic: Paying credit card "current balance" vs. "statement balance"
Replies: 48
Views: 4299

Re: Paying credit card "current balance" vs. "statement balance"

bgf wrote:
Mon Aug 19, 2019 7:07 pm

not a gamechanger either way but if BHs didnt argue over minutiae there'd be like 3 posts a day ;-)
Truer words were never spoken .....
by Stinky
Mon Aug 19, 2019 9:30 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 11852
Views: 2026694

Re: U.S. stocks in free fall

I'd like to announce my new investment strategy: I'll only be in the markets on Tuesdays. :moneybag :moneybag :moneybag https://i.imgur.com/dqzA6rC.png I can't lose! h/t https://www.wsj.com/articles/welcome-to-turnaround-tuesday-11565080984?shareToken=st7921150e8f01442c8a7194bc6f48c13d Remember - T...
by Stinky
Mon Aug 19, 2019 6:54 pm
Forum: Personal Investments
Topic: Advice Requested: My Mom's Edward Jones Account
Replies: 30
Views: 2946

Re: Advice Requested: My Mom's Edward Jones Account

My gosh! If I counted correctly, 29 separate positions between the two accounts. This is unnecessary “diversification” on steroids. I’d ditch all of the funds in the IRA, transfer the cash to Vanguard, and invest in a simple three factor fund, in line with your mothers asset allocation plan. I’d als...
by Stinky
Mon Aug 19, 2019 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card annual fee coming up - what to do?
Replies: 20
Views: 1889

Re: Credit card annual fee coming up - what to do?

I’d go for 1 - ask for a fee waiver. It will only cost you a three minute phone call, and if you like the card, you can then keep it.

If the first option fails, then go to 3 - lapse the current card, and reapply. Get the signup bonus.
by Stinky
Mon Aug 19, 2019 6:39 pm
Forum: Personal Investments
Topic: Selling losses to offset Gains
Replies: 8
Views: 433

Re: Selling losses to offset Gains

Jerry55 wrote:
Mon Aug 19, 2019 5:29 pm

I have GE stock which is down about $4,700 and am tired of holding it, wondering if I should sell and use it to offset gains.
If you’re tired of holding a stock, sell it.

It’s frosting on the cake that you can use the loss on GE to offset other gains.
by Stinky
Mon Aug 19, 2019 5:40 pm
Forum: Personal Investments
Topic: Should I convert my small IRA accounts to Roth to avoid pro-rata?
Replies: 10
Views: 902

Re: Should I convert my small IRA accounts to Roth to avoid pro-rata?

$4.39 converted to Roth will cost you $1-$2 in taxes.

Just do it. Simplify your financial life!
by Stinky
Mon Aug 19, 2019 2:25 pm
Forum: Personal Investments
Topic: Understanding capital gains tax
Replies: 17
Views: 1621

Re: Understanding capital gains tax

OK......Thanks!! You guys can stop. LOL! Waaaaay more complicated than I thought. My brain will never process all this. I appreciate all the effort! You can see the current unrealized gain on your fund on the Vanguard website. If the $200k sale is your entire Total Stock Market position, and your a...
by Stinky
Mon Aug 19, 2019 2:09 pm
Forum: Personal Investments
Topic: Advice regarding company call options set to expire soon...
Replies: 14
Views: 402

Re: Advice regarding company call options set to expire soon...

Welcome to the Forum! You’ve got about 2 months until the options expire. You could exercise today. Or part today and the remainder before expiration. I wouldn’t hold the stock after exercise. Most Bogleheads shy away from owning single stocks. This is no different. Don’t forget that you’ll owe tax ...
by Stinky
Mon Aug 19, 2019 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: How late in life to buy long term disability at work?
Replies: 7
Views: 608

Re: How late in life to buy long term disability at work?

At my former employer, retirement age for LTD was defined in terms of the definition in the defined benefit pension plan.

The pension plan defined retirement age as 65.
by Stinky
Mon Aug 19, 2019 11:50 am
Forum: Personal Investments
Topic: When Did You Ease Up On Saving Aggressively?
Replies: 170
Views: 12737

Re: When Did You Ease Up On Saving Aggressively?

Dear Friends, At what point do you let up on the aggressive savings gas pedal? When you are close to your number? After reaching? Never? Financial calculators suggest that we may reach our number (~25x expenses) in 2-3 years depending on the market. We LBYM (save ~45%), however, my spouse thinks we...
by Stinky
Mon Aug 19, 2019 7:26 am
Forum: Personal Investments
Topic: Transfering of Lincoln Investment retirement account to Vanguard
Replies: 10
Views: 821

Re: Transfering of Lincoln Investment retirement account to Vanguard

staticchair04 wrote:
Mon Aug 19, 2019 2:11 am
I'd like to thank all of u who replied to may post and thank u for your great advice.
I will cancel my appointment with my financial advisor,
look into cashing out my whole life, and make contact with a Vanguard rep.
Thanks again.
Great news! Let us know how it turns out.
by Stinky
Mon Aug 19, 2019 7:25 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 1431
Views: 139984

Re: U.S. stocks continue to soar!

TIme for Soar thread again.

Futures up strong this morning.
by Stinky
Sun Aug 18, 2019 9:12 pm
Forum: Personal Investments
Topic: Transfering of Lincoln Investment retirement account to Vanguard
Replies: 10
Views: 821

Re: Transfering of Lincoln Investment retirement account to Vanguard

Welcome to the Forum! You’ve made a good decision to leave Lincoln and cancel whole life. Rest assured of that. Don’t meet with your “advisor”; it’s likely that he’ll try to keep you where you are or sell you something new. Rather, post your portfolio and your questions here. There are a lot of real...
by Stinky
Sun Aug 18, 2019 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance
Replies: 8
Views: 486

Re: Life Insurance

I’d personally feel comfortable buying a term life policy from any company on Select Quote. SBLI is fine.
by Stinky
Sun Aug 18, 2019 8:09 pm
Forum: Personal Investments
Topic: Taxable brokerage accounts
Replies: 13
Views: 2005

Re: Taxable brokerage accounts

I would invest it all in VTSAX. Keep your bonds in tax-advantaged accounts. Absent any other information from OP, this is the path that I would suggest. Okay I have always wondered, how do you keep an asset allocation if you stocks and bonds are in different accounts? I only tax advantaged accounts...
by Stinky
Sun Aug 18, 2019 4:22 pm
Forum: Personal Investments
Topic: Prudential Premier Retirement B / HDI v3.0 Annuity
Replies: 13
Views: 654

Re: Prudential Premier Retirement B / HDI v3.0 Annuity

robindbee wrote:
Sun Aug 18, 2019 1:33 pm
a broker friend (who stands to earn about $5,000 if he can make this sale) suggested this for $100K I have sitting in Vanguard Prime MM (as Roth).

Prudential Premier Retirement B / HDI v3.0 Annuity.
Don’t walk away. Run!!
by Stinky
Sun Aug 18, 2019 2:45 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg: U.S. Weighs Selling 50- and 100-Year Bonds
Replies: 36
Views: 3601

Re: Bloomberg: U.S. Weighs Selling 50- and 100-Year Bonds

Remember modified duration is just the first derivative the slope of the curve at a point on tangency Some things are just obvious. Modified duration is just the first derivative the slope of the curve at a point on tangency. You can tell because of the way it is. Took the words right out of my mou...
by Stinky
Sun Aug 18, 2019 11:15 am
Forum: Personal Investments
Topic: Taxable brokerage accounts
Replies: 13
Views: 2005

Re: Taxable brokerage accounts

UpperNwGuy wrote:
Sun Aug 18, 2019 9:59 am
I would invest it all in VTSAX. Keep your bonds in tax-advantaged accounts.
Absent any other information from OP, this is the path that I would suggest.
by Stinky
Sun Aug 18, 2019 11:11 am
Forum: Investing - Theory, News & General
Topic: Bloomberg: U.S. Weighs Selling 50- and 100-Year Bonds
Replies: 36
Views: 3601

Re: Bloomberg: U.S. Weighs Selling 50- and 100-Year Bonds

As a taxpayer, I love the idea of issuing very long-term bonds like this.