Search found 71 matches

by Monster99
Mon Apr 02, 2018 6:18 pm
Forum: Investing - Help with Personal Investments
Topic: Hold on Transfered Cash
Replies: 1
Views: 166

Hold on Transfered Cash

I recently linked my bank account to my Vanguard account (previously I would just send in a check...). I understand the 5 day hold on a check that they receive to clear from the bank, but I was surprised to see the same hold period for electronic transfer - I don't think the bank will transfer money...
by Monster99
Thu Mar 29, 2018 7:45 am
Forum: Investing - Help with Personal Investments
Topic: SpecId cost-basis in upgraded brokerage account
Replies: 1
Views: 198

Re: SpecId cost-basis in upgraded brokerage account

For my account, it took about 3 days. I would also recommend doing a screen capture that shows that the selection is SpecID for your funds. Things happen, and it is better to have proof they were SpecID.
by Monster99
Tue Mar 27, 2018 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Downloading 1099s into H & R Block
Replies: 12
Views: 574

Re: Downloading 1099s into H & R Block

The only issue I have come across with downloading is the fact that you can't designate the % Government obligations for each fund - helpful for my state (IN) return as they don't tax government obligations.
by Monster99
Tue Mar 27, 2018 12:27 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard sends out erroneous "not enough money in settlement fund" notice]
Replies: 94
Views: 6119

Re: Vanguard "system issue" 3/27/18 [erroneous "not enough money in settlement fund" notice]

Are they (Vanguard) responsible for lost interest since they sold my Prime MM in error? I doubt They will even acknowledge that a problem even existed, let alone apologize to their customers.....
by Monster99
Tue Mar 27, 2018 9:57 am
Forum: Investing - Theory, News & General
Topic: [Vanguard sends out erroneous "not enough money in settlement fund" notice]
Replies: 94
Views: 6119

Re: Vanguard "system issue" 3/27/18 [erroneous "not enough money in settlement fund" notice]

Same Issue here - Looks like they sold some of my Prime MM to cover a transaction when my settlement account had more than enough. This is the second screw-up in the last few months and will finally generate enough activation energy for me to switch to Fidelity or Schwab. I guess they consider my 2M...
by Monster99
Thu Mar 22, 2018 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: What Budget? Do you keep one?
Replies: 116
Views: 7088

Re: What Budget? Do you keep one?

I tracked saving and spending in MSMoney for about 10 years before retiring. Now I track spending with Excel and have a basic budget with monthly spending guidelines. Being debt-free (no mortgage or CC debt) really helps with the budget - We find that my pension and the dividends from the taxable ac...
by Monster99
Fri Mar 16, 2018 8:26 am
Forum: Investing - Help with Personal Investments
Topic: If you were to fully fund 2 Roths 22k tommorow.
Replies: 20
Views: 1407

Re: If you were to fully fund 2 Roths 22k tommorow.

Vanguard balanced index (admiral shares) 60/40 and low cost.
by Monster99
Fri Mar 09, 2018 6:11 pm
Forum: Investing - Help with Personal Investments
Topic: CRISPR Cas9 [Molecular biology - Targeted genome editing]
Replies: 14
Views: 1812

Re: CRISPR Cas9 [Molecular biology - Targeted genome editing]

I was a biochemist for a large pharma co. and have done a small amount of molecular biology, and can say it is quite useful, but not all that easy-to-use. Still will be interesting to see if it can be utilized to its full potential in the next 10 years...
by Monster99
Fri Mar 09, 2018 6:02 pm
Forum: Investing - Help with Personal Investments
Topic: Tax withholding from tIRA to Roth
Replies: 4
Views: 481

Re: Tax withholding from tIRA to Roth

Thanks to all for the responses!
by Monster99
Fri Mar 09, 2018 6:00 pm
Forum: Investing - Help with Personal Investments
Topic: Freezing credit reports and opening CDs
Replies: 22
Views: 1860

Re: Freezing credit reports and opening CDs

mbres60 wrote:
Fri Mar 09, 2018 5:34 pm
I may be naive but why would opening a CD require a credit check?
Credit has been frozen for years, no problem with purchasing CD's....
by Monster99
Fri Mar 09, 2018 6:22 am
Forum: Investing - Help with Personal Investments
Topic: Tax withholding from tIRA to Roth
Replies: 4
Views: 481

Tax withholding from tIRA to Roth

Age - 62 tIRA - 800,000 Roth 75,000 Pension income + capital gains - ~60,000 At age 70 Pension + SS (DW and myself) Will cover over 100% of expenses This year will be the first year for me to convert tIRA funds to the Roth account. The question I have is about tax withholding from the conversion. If...
by Monster99
Mon Mar 05, 2018 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: Estimated Taxes
Replies: 19
Views: 1700

Re: Estimated Taxes

I just finished my 2017 return, got back $800 in federal. I will have ~$200,000 LTCG in 2018. From the below highlight, I don't need to make estimated tax.Correct ? https://www.irs.gov/businesses/small-businesses-self-employed/estimated-taxes Penalty for Underpayment of Estimated Tax If you didn’t ...
by Monster99
Tue Feb 27, 2018 10:28 pm
Forum: Investing - Theory, News & General
Topic: The Flexible Retirement Planner
Replies: 23
Views: 2727

Re: The Flexible Retirement Planner

Good Morning - Longtime lurker and infrequent poster here. I am familiar with many of the free financial tools often referenced on the site (i.e. FIRECalc), but was wondering whether any posters are familiar with The Flexible Retirement Planner? I have been using it to model out different financial...
by Monster99
Wed Feb 21, 2018 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Safe to file taxes now?
Replies: 57
Views: 4917

Re: Safe to file taxes now?

Anybody use H&R Block Deluxe tax software? Software says not all Federal forms are final and softwar update coming Feb 23. There will certainly be some revisions to forms. The 1040 will need to add a line in the adjustments section for Tuition and Fees Deduction. Schedule A will need to add a line ...
by Monster99
Tue Feb 13, 2018 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Going Paperless Issues
Replies: 68
Views: 4319

Re: Going Paperless Issues

Had my cc compromised (twice) - after rhe second time, I now do everything though snail mail...
by Monster99
Thu Feb 01, 2018 9:44 pm
Forum: Investing - Help with Personal Investments
Topic: Question about switching to SpecID at Vanguard
Replies: 5
Views: 486

Re: Question about switching to SpecID at Vanguard

Be sure to take screen captures before confirming the sale - I had a sale with specID that Vanguard documented as FIFO...
by Monster99
Mon Jan 29, 2018 7:20 pm
Forum: Investing - Theory, News & General
Topic: What taxes in retirement?
Replies: 6
Views: 1335

Re: What taxes in retirement?

nolesrule wrote:
Mon Jan 29, 2018 11:00 am
There is the 3.8% Net Investment Income Tax on investment earnings that fall above an AGI of 250k MFJ.
This, plus if your investments generate a lot of dividends and capital gains, you could be looking at ATM issues...
by Monster99
Mon Jan 29, 2018 7:16 pm
Forum: Investing - Help with Personal Investments
Topic: Reinvest dividends in taxable account?
Replies: 13
Views: 1238

Re: Reinvest dividends in taxable account?

being retired, I take the div and capital gains from the taxable account in cash. If I don't need it for living expenses I reinvest where needed to keep my allocation at 55/40/5 (stock/bonds/cash).
by Monster99
Tue Jan 23, 2018 10:10 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard lists my cost-basis (cost per share) the same for all lots
Replies: 14
Views: 1136

Re: Vanguard lists my cost-basis (cost per share) the same for all lots

I had this happen also - sold 3 lots with SpecID and the confirmation said ave cost. took one phone call to get straight, but I now have been reluctant to move my 401K to Vanguard if they can't get simple transactions straight. I wonder if they realize how much additional business they lose because ...
by Monster99
Wed Jan 10, 2018 9:15 am
Forum: Investing - Theory, News & General
Topic: Running Maximum Withdrawal Percentage: Any data on this?
Replies: 26
Views: 1680

Re: Running Maximum Withdrawal Percentage: Any data on this?

You could use the IRS RMD tables to withdraw from your total portfolio - That would pull all the funds out over your timeframe and leave no legacy.
by Monster99
Mon Jan 08, 2018 10:31 am
Forum: Investing - Theory, News & General
Topic: Present value of stable income in retirement
Replies: 3
Views: 707

Present value of stable income in retirement

Does the present value (pv) calculations of your social security and pension affect your AA in retirement? I am wondering how stable income affects bond allocation in retirement....
by Monster99
Sat Jan 06, 2018 11:00 pm
Forum: Investing - Theory, News & General
Topic: 2018 Hedge Fund contest
Replies: 137
Views: 11623

Re: 2018 Hedge Fund contest

Name - Perfect Pyramid Planning

Long
Netflix. NFLX
Amazon. AMZN
General Electric. GE

short
Tesla. TSLA
Intel. INTC
Twitter. TWTR
by Monster99
Wed Jan 03, 2018 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes [Do it yourself or use tax software?]
Replies: 39
Views: 2972

Re: Taxes [Do it yourself or use tax software?]

H&R Block software - used TT before but got tired of them changing things with the software to maximize their profit.

Picked up CD version of Deluxe with State for $20 from Amazon, but the forms update won't be available until Jan 5.....
by Monster99
Sat Dec 30, 2017 4:42 pm
Forum: Investing - Help with Personal Investments
Topic: Will I be taxed again on my 401k?
Replies: 28
Views: 1949

Re: Will I be taxed again on my 401k?

To think about -
Hurricanes, mosquitoes, oppressive heat in the summer, ect.....
by Monster99
Thu Dec 28, 2017 1:47 pm
Forum: Investing - Theory, News & General
Topic: This is Unbelievable - another Vanguard customer support odyssey
Replies: 40
Views: 7176

Re: This is Unbelievable - another Vanguard customer support odyssey

I have recently retired and am thinking of rolling my 401K over next year - It is 90% t401K and 10% roth 401K. From the way the funds are tracked in the 401K, they look "co-mingled", in that if I move money to a different fund, the money is 90% traditional and 10% roth. I am really concerned that th...
by Monster99
Wed Dec 27, 2017 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Andrews FCU failed to withhold state tax from RMD
Replies: 9
Views: 899

Re: Andrews FCU failed to withhold state tax from RMD

I had a unexpected large distribution from a fund for December, and contacted my state DOR (Indiana). The said that I could make a one-time payment before the end of the year. It also will be deductible this tax year, if I itemize.
by Monster99
Fri Dec 22, 2017 4:51 pm
Forum: Investing - Theory, News & General
Topic: Vanguard’s take on the tax bill
Replies: 14
Views: 3285

Re: Vanguard’s take on the tax bill

But you won't be able to re-characterize the losers back to tIRA at the end of the year. Once you have converted to the roth, no going back.....
by Monster99
Mon Dec 18, 2017 10:06 am
Forum: Investing - Theory, News & General
Topic: Why is Vanguard switching all accounts to brokerage accounts?
Replies: 65
Views: 9989

Re: Why is Vanguard switching all accounts to brokerage accounts?

Must be the trust - we have only individual accounts.
by Monster99
Mon Dec 18, 2017 10:02 am
Forum: Investing - Help with Personal Investments
Topic: Dividends
Replies: 40
Views: 4230

Re: Dividends

This is an interesting discussion. I'm interested in hearing strategies used by investors in taxable accounts to reinvest dividends in such a way as to minimize the creation of bunches of additional tax lots. Retired - I direct dividends to cash, then what is not needed for living expenses is reinv...
by Monster99
Mon Dec 18, 2017 9:51 am
Forum: Investing - Help with Personal Investments
Topic: Dividends
Replies: 40
Views: 4230

Re: Dividends

This is an interesting discussion. I'm interested in hearing strategies used by investors in taxable accounts to reinvest dividends in such a way as to minimize the creation of bunches of additional tax lots. Retired - I direct dividends to cash, then what is not needed for living expenses is reinv...
by Monster99
Sun Dec 17, 2017 10:01 am
Forum: Investing - Theory, News & General
Topic: Why is Vanguard switching all accounts to brokerage accounts?
Replies: 65
Views: 9989

Re: Why is Vanguard switching all accounts to brokerage accounts?

I converted to brokerage last year and my wife converted this year - no paperwork and took less than 10 minutes of my time. A few days later all accounts were converted. The only thing I dislike is the 1099 forms come later in the new year.
by Monster99
Fri Dec 15, 2017 10:51 am
Forum: Investing - Theory, News & General
Topic: Just not getting it [Stock Picking versus TSM]
Replies: 98
Views: 14829

Re: Just not getting it

I think everyone here, including me, has felt the way you feel at some point. Mostly I think about how much better my husband's and my portfolio could be doing if only I had taken this opportunity or that opportunity. One way to deal with these feelings is to take a small percentage of your portfol...
by Monster99
Mon Dec 11, 2017 10:45 pm
Forum: Investing - Help with Personal Investments
Topic: Ever have Vanguard change the basis of a sale?
Replies: 2
Views: 317

Re: Ever have Vanguard change the basis of a sale?

Thanks for the reply - I actually eliminated my entire position, so it's really not an issue this time but could be a problem in the future. Good idea to print out the order details for protection. Never had an issue with selling shares at my old brokerage (Scottrade) but if Vanguard can't get somet...
by Monster99
Mon Dec 11, 2017 9:11 pm
Forum: Investing - Help with Personal Investments
Topic: Ever have Vanguard change the basis of a sale?
Replies: 2
Views: 317

Ever have Vanguard change the basis of a sale?

I sold three lots of a stock for TLH online, and the sale was changed from SpecID to FIFO even though the stock was set to SpecID and was confirmed before placing the order. As soon as the sale was complete, a window popped up saying default sale was FIFO and to call Vanguard. I did, but they were n...
by Monster99
Sat Dec 09, 2017 8:50 pm
Forum: Investing - Theory, News & General
Topic: Which is better: Wellesley or 5-yr 2.5% CD?
Replies: 51
Views: 4334

Re: Which is better: Wellesley or 5-yr 2.5% CD?

my SIL is like the OP's friend - she wants no risk of principal. I have discussed with her the fact about inflation eroding the purchasing power ad nausea, but she wants no principal loss. My brother actually invested $ for her in Wellesley and after 1 month it lost a slight amount and she wanted hi...
by Monster99
Sat Dec 09, 2017 8:20 pm
Forum: Investing - Theory, News & General
Topic: Why is Vanguard switching all accounts to brokerage accounts?
Replies: 65
Views: 9989

Re: Why is Vanguard switching all accounts to brokerage accounts?

I habe resisted and kept mutual funds only. Do my reasons make sense? 1. Dividends and cap gains from mutual funds go to an additional Federal money market which is taxable so one has to then move that to a tax free money market if they want to avoid taxable interest. 2. The 1099 shows aggregate nu...
by Monster99
Fri Dec 08, 2017 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Tax Gain Harvesting
Replies: 6
Views: 795

Re: Tax Gain Harvesting

Woops... Wash sale pertains to a loss not to gains so the step-up would be doable in 15% bracket....
by Monster99
Fri Dec 08, 2017 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Tax Gain Harvesting
Replies: 6
Views: 795

Re: Tax Gain Harvesting

The latter. Michael Kitces has a detailed explanation of the mechanics: https://www.kitces.com/blog/understanding-the-mechanics-of-the-0-long-term-capital-gains-tax-rate-how-to-harvest-capital-gains-for-a-free-step-up-in-basis/ I read the article, but selling for capital gain harvest and then repur...
by Monster99
Wed Dec 06, 2017 12:17 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard e-delivery
Replies: 34
Views: 3449

Re: Vanguard e-delivery

Does e-delivery mean e-delivery or do you still get a heap of regular mail? They send you regular mail when you make certain changes, like your address. They will send one letter to the old address and one to the new address. I'm chuckling at the question if I have any e-statements from 1994. I was...
by Monster99
Wed Dec 06, 2017 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Best solution for digitizing documents?
Replies: 43
Views: 3941

Re: Best solution for digitizing documents?

I use a HP multi-function printer to scan documents - it has a sheet feeder that can stack uptp 20 to 25 pages and it can do pdf, gif ect. formats. I bought it for less than 100 bucks and it will even fax...😁
by Monster99
Mon Dec 04, 2017 7:17 am
Forum: Investing - Theory, News & General
Topic: One answer to the Dividend stocks puzzle from behavioral finance
Replies: 184
Views: 14040

Re: One answer to the Dividend stocks puzzle from behavioral finance

Just finishing McClung's book on retirement spending. Will add these to my winter reading list. Thanks!
by Monster99
Sun Dec 03, 2017 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Spousal Benefit
Replies: 23
Views: 2582

Re: Social Security Spousal Benefit

That's my plan for SS for the DW and myself. Original plans were disrupted by the sneaky change in 2015.
by Monster99
Sun Dec 03, 2017 6:22 pm
Forum: Investing - Theory, News & General
Topic: One answer to the Dividend stocks puzzle from behavioral finance
Replies: 184
Views: 14040

Re: One answer to the Dividend stocks puzzle from behavioral finance

Times change and strategies change - The internet and low-cost brokers are relatively new, as it used to be difficult and expensive to purchase MF's and stocks. Dividend reinvestment programs (DRIP's) were an inexpensive and effective way to increase wealth and participate in the market. It is cert...
by Monster99
Sun Dec 03, 2017 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Spousal Benefit
Replies: 23
Views: 2582

Re: Social Security Spousal Benefit

Be sure to read up of SS or talk to SSA - File and suspend is no longer available to people under a certain age. Spouse would claim SS on their own record until the higher paid (higher contributor) files for SS. The "Deeming" rules were changed in 2015.
by Monster99
Sun Dec 03, 2017 6:01 pm
Forum: Investing - Theory, News & General
Topic: One answer to the Dividend stocks puzzle from behavioral finance
Replies: 184
Views: 14040

Re: One answer to the Dividend stocks puzzle from behavioral finance

Times change and strategies change - The internet and low-cost brokers are relatively new, as it used to be difficult and expensive to purchase MF's and stocks. Dividend reinvestment programs (DRIP's) were an inexpensive and effective way to increase wealth and participate in the market.
by Monster99
Sat Dec 02, 2017 5:02 pm
Forum: Personal Consumer Issues
Topic: travel golf club case?
Replies: 8
Views: 631

Re: travel golf club case?

Thank you everyone, I went ahead and purchased the Club Glove. And yes, his set of golf clubs belonged to his father. He hasn't mentioned wanting to change anything out but maybe I'll keep those in mind for gifts for future occasions. Thank you! As a gift buy him a club fitting with a Pro for $200-...
by Monster99
Fri Dec 01, 2017 7:24 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Cost Basis
Replies: 25
Views: 1891

Re: Vanguard Cost Basis

I have a record of every purchase for every fund I own. Most are uncovered shares that date back into the 90's. One "new feature" of the brokerage account is that the December statement no longer shows year-to-date transactions, only the month of Dec. transactions. I like to print out the year-to-da...
by Monster99
Wed Nov 29, 2017 9:47 am
Forum: Personal Finance (Not Investing)
Topic: H&R Block Software
Replies: 131
Views: 12542

Re: H&R Block Software

Deal of the Day at Amazon today, 11/29. As I type this, the 2017 Deluxe + State + Refund CD, Windows download, and Mac download, are all $19.99. Other versions also available at a discount. https://www.amazon.com/s/browse/ref=gbps_img_s-3_0ee9_63282478?node=17450869011&smid=ATVPDKIKX0DER&pf_rd_p=30...
by Monster99
Mon Nov 27, 2017 10:18 pm
Forum: Investing - Help with Personal Investments
Topic: Divs and Cap Gains are killing me
Replies: 123
Views: 13052

Re: Divs and Cap Gains are killing me

Take a look at the estimated capital gain for Dodge & Cox stock fund - December distribution of over $8 bucks a share .....