Search found 274 matches

by MrPotatoHead
Wed Apr 25, 2018 11:18 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab Vs Fidelity Vs Vanguard
Replies: 31
Views: 2347

Re: Schwab Vs Fidelity Vs Vanguard

A lot of us would do an asset allocation using low cost index and or ETFs. If that is the case, why do we need a great customer service? My experience has been you have little need for it if you investment world is plain vanilla and never pushed the envelope in to areas unkown to you. Just in Q1 th...
by MrPotatoHead
Tue Apr 24, 2018 11:08 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab Vs Fidelity Vs Vanguard
Replies: 31
Views: 2347

Re: Schwab Vs Fidelity Vs Vanguard

I recommend Fidelity and Schwab. Vanguard is "just fine" but I don't actively recommend them because I have run into IT and customer service issues here. Each broker has their issues, but most of my issues have been caused by Vanguard. There is absolutely nothing wrong with Vanguard funds or ETFs. ...
by MrPotatoHead
Tue Apr 24, 2018 9:40 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab Vs Fidelity Vs Vanguard
Replies: 31
Views: 2347

Re: Schwab Vs Fidelity Vs Vanguard

You might want to note, if you roll a 401K plan into an IRA vs leaving it where it is or rolling it into your new employer's 401k plan you lose the superior creditor protection of the 401K plan. Most people consider access to a stable value fund essentially unique to retirement plans) as a major plu...
by MrPotatoHead
Mon Apr 23, 2018 12:07 am
Forum: Investing - Help with Personal Investments
Topic: What to do with an inherited Roth IRA
Replies: 10
Views: 1031

Re: What to do with an inherited Roth IRA

My grandfather has amassed roughly 4.5M in a Roth IRA and he was asking me what the beneficiaries (my mom, aunt and uncle)should do with it once he passes. All of the beneficiaries are financially dependent but they are still working because they enjoy it. Im not sure if they should follow the 5 ye...
by MrPotatoHead
Sun Apr 22, 2018 10:58 am
Forum: Investing - Help with Personal Investments
Topic: Best Alternative to a Pension (DB )
Replies: 12
Views: 960

Re: Best Alternative to a Pension (DB )

I believe the answer depends on why you want the equivalent of a pension in the first place, which to the best of knowledge you have not posted. A steady income stream that you are unlikely to outlive can be had through several means with various pluses and minuses. Considerations such as the desire...
by MrPotatoHead
Thu Apr 19, 2018 11:03 pm
Forum: Investing - Theory, News & General
Topic: Financial "coaching"/consulting certifications?
Replies: 13
Views: 1114

Re: Financial "coaching"/consulting certifications?

Sigh...

You might wish to review this: Chartered Mutual Fund Counselor(CMFC).

http://www.cffpinfo.com/cmfc
by MrPotatoHead
Thu Apr 19, 2018 10:55 pm
Forum: Investing - Help with Personal Investments
Topic: Opinion on Vanguard Personal Advisor Services
Replies: 12
Views: 1510

Re: Opinion on Vanguard Personal Advisor Services

Hi all, I have ~80K with Vanguard currently. I plan to add another 20K to it next month. My current portfolio consists of the following - VFIAX (30%) - VTSAX (30%) - VTIAX (30%) - VBMFX (10%) I don't actively manage or rebalance my portfolio. I don't do TLH either. Lately, I have been wondering if ...
by MrPotatoHead
Thu Apr 19, 2018 5:23 pm
Forum: Investing - Help with Personal Investments
Topic: Financial planners [looking for one]
Replies: 26
Views: 1968

Re: Financial planners [looking for one]

Anyone can call themselves a financial planner or adviser. There is a difference between being a financial planner or investment adviser and a CFP or ChFC. A Certified Financial Planner(CFP) or ChFC (I would prefer that designation) is suppose to be a generalist and not an investment specialist. The...
by MrPotatoHead
Thu Apr 19, 2018 4:59 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity 4 fund that would be better than freedom fund?
Replies: 15
Views: 1158

Re: Fidelity 4 fund that would be better than freedom fund?

Fido's 4 in 1 fund is a good fund if rebalancing etc is what you want. You can assemble it yourself and save but the added ER is not bad at all. Just realize it targets 15% bonds so if you want more you can add a fund. It is a very good buy and forget type of fund giving you an instant portfolio and...
by MrPotatoHead
Thu Apr 19, 2018 12:12 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: What Hampers Pension Plans
Replies: 30
Views: 2766

Re: Larry Swedroe: What Hampers Pension Plans

Sadly, Larry makes no mention of the most likely primary source of the underfunding: In contrast, the following might be of interest, in regard to Illinois, your state may differ. Below is the title of the paper, that summarizes the article: A dramatic rise in pension benefits – not funding shortfa...
by MrPotatoHead
Wed Apr 18, 2018 8:31 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: What Hampers Pension Plans
Replies: 30
Views: 2766

Re: Larry Swedroe: What Hampers Pension Plans

Sadly, Larry makes no mention of the most likely primary source of the underfunding: In contrast, the following might be of interest, in regard to Illinois, your state may differ. Below is the title of the paper, that summarizes the article: A dramatic rise in pension benefits – not funding shortfa...
by MrPotatoHead
Wed Apr 18, 2018 8:02 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity account customization.
Replies: 2
Views: 445

Fidelity account customization.

I have an account at Fidelity, the wifey has an account at Fidelity, and my adult children have accounts at Fidelity. I have full authority on all the accounts, so when I log in I am able to see and trade on their accounts. I went into the customization features and was able to create group names fo...
by MrPotatoHead
Tue Apr 17, 2018 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: Wanting to leave Fidelity
Replies: 90
Views: 8660

Re: Wanting to leave Fidelity

I moved almost all of our investments from Fidelity to Vanguard. The main reason was unsolicited calls from my Fidelity "Account Executive" urging me to take advantage of some flaky investment opportunity. Every call sounded like his hair was on fire and that the world was ending today. Not my way ...
by MrPotatoHead
Tue Apr 17, 2018 9:21 pm
Forum: Investing - Theory, News & General
Topic: Cash instead of bonds?
Replies: 56
Views: 5437

Re: Cash instead of bonds?

I would suggest that his advice makes more or less sense when taken in context of what percent your annual expense are of your total investable assets. In other words, if your annual expenses are 1-2% of your total investment portfolio, heck yeah this will work. On the other hand if two years of exp...
by MrPotatoHead
Tue Apr 17, 2018 8:54 pm
Forum: Investing - Theory, News & General
Topic: Firstrade Makes a Splash With 700 Commission-Free ETFs (Including Vanguard!)
Replies: 12
Views: 1546

Re: Firstrade Makes a Splash With 700 Commission-Free ETFs (Including Vanguard!)

I have had an account at First Trade for over 10 years now I suspect. I consider Schwab and Fidelity to have first tier customer service, ScottTrade (now TDAmerica) second tier, and Vanguard to have 4th tier. In that range I would place FirstTrade as strong third tier customer service. They are very...
by MrPotatoHead
Sun Apr 15, 2018 8:47 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Don’t Underestimate Buyback Power
Replies: 12
Views: 2346

Re: Larry Swedroe: Don’t Underestimate Buyback Power

Bed Bath & Beyond, anyone? :D Are they still in business? I thought they went out with Carson's, Fields, Sears, K-Mart and Penny's. Well, maybe some of these are still in business and someone shops there. Kind of sad too as I shop local and not on the net but they have no presence in my area any lo...
by MrPotatoHead
Sun Apr 15, 2018 6:25 pm
Forum: Investing - Theory, News & General
Topic: 'Qualified Opportunity Zones' - are they worthwhile?
Replies: 3
Views: 328

Re: 'Qualified Opportunity Zones' - are they worthwhile?

I'm glad to see they consider golf clubs and country clubs to be "sinful": As an FYI, you may get around that by recharacterizing the purpose as a watershed for abating storm sewer runoff while providing recreational opportunities. The golf course is just there to pay for what is in reality a giant...
by MrPotatoHead
Sun Apr 15, 2018 5:56 pm
Forum: Investing - Theory, News & General
Topic: 'Qualified Opportunity Zones' - are they worthwhile?
Replies: 3
Views: 328

Re: 'Qualified Opportunity Zones' - are they worthwhile?

Yippee, in before the thread is locked. I could make a lot of experience based comments for question one, but simply cannot see them fitting in with the guidelines I'll answer to the title question posted,this way. You need to understand that the point is not necessarily if the project is profitable...
by MrPotatoHead
Sun Apr 15, 2018 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Could you support family on 1 income?
Replies: 88
Views: 5681

Re: Could you support family on 1 income?

We have always been a one earner household. The one earner though was, uh, very, uh...hmmm...willing to work in order to provide for the family. It is a matter of knowledge, budgeting, a market return contingency plan, and of course market returns that will get you there. We have been doing it for a...
by MrPotatoHead
Sun Apr 15, 2018 12:38 pm
Forum: Investing - Help with Personal Investments
Topic: Alternative website for those in lower tax brackets?
Replies: 59
Views: 5244

Re: Alternative website for those in lower tax brackets?

When I personally started here I had less than 50k total retirement savings. Now I do have a firefighter job with a PERS pension (hopefully), but the investment advice I got here has steered me to a $750,000 combined retirement account with minimal work. In 5.5 years went from 50K to 750K - sweet! ...
by MrPotatoHead
Sun Apr 15, 2018 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: Alternative website for those in lower tax brackets?
Replies: 59
Views: 5244

Re: Alternative website for those in lower tax brackets?

While I appreciate the wisdom and practicality of the Bogleheads forum, I often find the advice here (and other investment sites) slanted toward those with hefty investment accounts. This is true of many investment sites. For instance, when comparing the after-tax return of mutual funds, often the ...
by MrPotatoHead
Sun Apr 15, 2018 1:31 am
Forum: Investing - Help with Personal Investments
Topic: Simplifying Investment Life
Replies: 12
Views: 1853

Re: Simplifying Investment Life

My opinion only, unless the 401K plan's offering are horrible it is foolhardy. You are forgoing a great deal of creditor asset protection. You may also be foregoing asset classes that are not available outside of a 401K plan such as a stable value fund. in the long term most employers will improve ...
by MrPotatoHead
Sat Apr 14, 2018 9:38 pm
Forum: Investing - Help with Personal Investments
Topic: Simplifying Investment Life
Replies: 12
Views: 1853

Re: Simplifying Investment Life

My opinion only, unless the 401K plan's offering are horrible it is foolhardy. You are forgoing a great deal of creditor asset protection. You may also be foregoing asset classes that are not available outside of a 401K plan such as a stable value fund. in the long term most employers will improve t...
by MrPotatoHead
Sat Apr 14, 2018 8:31 pm
Forum: Investing - Help with Personal Investments
Topic: What advantages do a personalized portfolio have over a target date fund, in your opinion?
Replies: 50
Views: 3179

Re: What advantages do a personalized portfolio have over a target date fund, in your opinion?

Simply put they do not take into account your entire asset base nor your need to take risk. For instance my children have their 401k plans at one place and their Roth IRAs and brokerage accounts elsewhere. So the target date funds are nonsensical for them. In addition for the purpose that fixed inco...
by MrPotatoHead
Sat Apr 14, 2018 7:10 pm
Forum: Investing - Theory, News & General
Topic: vanguard notice - retiring our old investment platform
Replies: 50
Views: 6169

Re: vanguard notice - retiring our old investment platform

I e-mailed Vanguard and asked them citing the information I posted and in full Vanguard customer service mode they did what I have come to expect, they simply pointed me back to the exact same information I e-mailed to them with no additional explanation. Unlike you I don't trust Vanguard at all, n...
by MrPotatoHead
Sat Apr 14, 2018 3:40 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard vs Independent Certified Financial Planner
Replies: 15
Views: 1339

Re: Vanguard vs Independent Certified Financial Planner

Understand that a CFP and ChFC is more a total finance related quarterback than an investment specialist. In general they work with a large team of specialist they bring in to do specific analysis, for example estate planning, taxation, insurance etc. A CFP and ChFC is client facing with deep interp...
by MrPotatoHead
Sat Apr 14, 2018 3:25 am
Forum: Investing - Theory, News & General
Topic: vanguard notice - retiring our old investment platform
Replies: 50
Views: 6169

Re: vanguard notice - retiring our old investment platform

JoMoney wrote:
Fri Apr 13, 2018 4:47 pm
MrPotatoHead wrote:
Thu Apr 12, 2018 11:08 pm
.
OP, I'm curious, can you tell us if you currently have an old "Vanguard mutual fund only" account, or do you currently have an old-platform Vanguard Brokerage account (holding individual stocks/bonds, ETFs, and non-vanguard mutual funds) ?
Mutual Fund Only account...
by MrPotatoHead
Sat Apr 14, 2018 3:24 am
Forum: Investing - Theory, News & General
Topic: vanguard notice - retiring our old investment platform
Replies: 50
Views: 6169

Re: vanguard notice - retiring our old investment platform

Went though this mini drill when I talked to CSR about converting from investor shares to admiral shares. --Me: Will my cost basis be maintained. --CSR: Yes. Not! Didn't work that way as Vanguard lumped all of my investor share lots into one admiral share lot. --My cost basis information didn't agr...
by MrPotatoHead
Sat Apr 14, 2018 3:18 am
Forum: Investing - Theory, News & General
Topic: vanguard notice - retiring our old investment platform
Replies: 50
Views: 6169

Re: vanguard notice - retiring our old investment platform

Like many I received this notice: Over the past few years, we've made some improvements to our investment platform. As a result of these improvements, we'll be retiring our old investment platform—which is what you're using today—and asking all our clients to transition to the new one. We'd make th...
by MrPotatoHead
Fri Apr 13, 2018 2:25 pm
Forum: Investing - Help with Personal Investments
Topic: Why traditional IRA better than Roth IRA
Replies: 87
Views: 6812

Re: Why traditional IRA better than Roth IRA

One thing I do not think anyone has mentioned so far is, in general (thought not absolute) a ROTH IRA is normally preferred as part of an inheritance. So for legacy builders, that is an important consideration. This is not a minor point if you wish to pass assets to another generation.
by MrPotatoHead
Thu Apr 12, 2018 11:27 pm
Forum: Personal Finance (Not Investing)
Topic: Wanting to leave Fidelity
Replies: 90
Views: 8660

Re: Wanting to leave Fidelity

I have not had a issue with Fidelity since 1983. I believe they have stellar customer service and products. That bias being stated I also am a Schwab fan and they have a very nice banking system (but they do not have a 2% credit card). On the other hand i believe Vanguard to be a 4th tier firm when ...
by MrPotatoHead
Thu Apr 12, 2018 11:08 pm
Forum: Investing - Theory, News & General
Topic: vanguard notice - retiring our old investment platform
Replies: 50
Views: 6169

vanguard notice - retiring our old investment platform

Like many I received this notice: Over the past few years, we've made some improvements to our investment platform. As a result of these improvements, we'll be retiring our old investment platform—which is what you're using today—and asking all our clients to transition to the new one. We'd make the...
by MrPotatoHead
Thu Apr 12, 2018 7:59 am
Forum: Investing - Theory, News & General
Topic: Why not annuitize most of portfolio?
Replies: 104
Views: 8062

Re: Why not annuitize most of portfolio?

Here is the point, insurance companies thought they could turn a profit on long term care policies; they have proven to be disasters with company after company exiting the market despite soaring premiums. In the case of the annuities we are talking about (SPIA) the insurance company has to get it r...
by MrPotatoHead
Wed Apr 11, 2018 7:59 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Liens [Purchasing tax liens]
Replies: 5
Views: 533

Re: Tax Liens [Purchasing tax liens]

Potentially each State and County has its own rules....that adds a whole lot of complication. You need to understand the market you are buying in and the ramifications of what happens when someone never pays their taxes and you hold a certificate. You then need to know the municipal laws on abandone...
by MrPotatoHead
Wed Apr 11, 2018 7:47 pm
Forum: Investing - Theory, News & General
Topic: Retirees: Who's increasing their equities as they age?
Replies: 74
Views: 5196

Re: Retirees: Who's increasing their equities as they age?

We will increase our equities as we age, current AA 55/45 1. When we gets Medicare 2. When we collect SS at 70 Our goal is to grow the portfolio for future generations. +1 MrPotatoHead and Will do good : I understand changing asset allocation when you collect SS at 70 because you will have a lower ...
by MrPotatoHead
Wed Apr 11, 2018 5:49 pm
Forum: Investing - Theory, News & General
Topic: Retirees: Who's increasing their equities as they age?
Replies: 74
Views: 5196

Re: Retirees: Who's increasing their equities as they age?

We will increase our equities as we age, current AA 55/45 1. When we gets Medicare 2. When we collect SS at 70 Our goal is to grow the portfolio for future generations. +1 MrPotatoHead and Will do good : I understand changing asset allocation when you collect SS at 70 because you will have a lower ...
by MrPotatoHead
Wed Apr 11, 2018 5:26 pm
Forum: Investing - Theory, News & General
Topic: Why not annuitize most of portfolio?
Replies: 104
Views: 8062

Re: Why not annuitize most of portfolio?

Given what I have written, I have no idea why anyone would sleep comfortably with an annuity if they had a probable lengthy lifespan yet in front of them. I think what you are saying is that because we might start living longer, insurance companies will be allowed to reneg on guarantees they had pr...
by MrPotatoHead
Tue Apr 10, 2018 11:29 pm
Forum: Investing - Theory, News & General
Topic: Retirees: Who's increasing their equities as they age?
Replies: 74
Views: 5196

Re: Retirees: Who's increasing their equities as they age?

Will do good wrote:
Tue Apr 10, 2018 6:07 pm
We will increase our equities as we age, current AA 55/45

1. When we gets Medicare
2. When we collect SS at 70

Our goal is to grow the portfolio for future generations.
+1
by MrPotatoHead
Tue Apr 10, 2018 11:28 pm
Forum: Investing - Theory, News & General
Topic: Retirees: Who's increasing their equities as they age?
Replies: 74
Views: 5196

Re: Retirees: Who's increasing their equities as they age?

For some it is simply that retirement is a math equation and an increase in your asset base or a decrease in the need for your portfolio to generate revenue (i.e. the onset of SS or a pension) may dramatically your asset allocation as a matter of practicality. For example I am still vacillating on k...
by MrPotatoHead
Tue Apr 10, 2018 10:55 pm
Forum: Investing - Theory, News & General
Topic: Why not annuitize most of portfolio?
Replies: 104
Views: 8062

Re: Why not annuitize most of portfolio?

For kicks I plugged our 401K/Roth/IRA balance into a calculator and was amazed at the nearly 5% joint life payout amount. What peace of mind that could bring! I am hoping to have a dialogue about these products, here is what I am looking for: 1. Has anyone here done this or have close experience wi...
by MrPotatoHead
Tue Apr 10, 2018 10:31 pm
Forum: Investing - Theory, News & General
Topic: How much money can a CPA save you?
Replies: 52
Views: 5682

Re: How much money can a CPA save you?

Cripes am I the only person who files his own taxes with pencil and paper? Feeling like a dinosaur...
by MrPotatoHead
Mon Apr 09, 2018 5:51 pm
Forum: Personal Consumer Issues
Topic: And yet another example why Vanguard is a 4th tier firm in regard to customer service…
Replies: 20
Views: 1792

Re: And yet another example why Vanguard if a 4th tier firm in regard to customer service…

I don't think some of you understand the issue. There was no issue with my Vanguard password in terms of Vanguard being able to accept it, EXCEPT for the fact their software is buggy and they could not tell that a password with 6 of the 15 characters were altered they still claimed it was the same p...
by MrPotatoHead
Mon Apr 09, 2018 4:02 pm
Forum: Personal Consumer Issues
Topic: And yet another example why Vanguard is a 4th tier firm in regard to customer service…
Replies: 20
Views: 1792

And yet another example why Vanguard is a 4th tier firm in regard to customer service…

And yet another example why Vanguard if a 4th tier firm in regard to customer service… So I have a formula I use to generate my passwords for a website. Plus a randomization factor. Today I logged in to change my password at Vanguard and it kept rejecting my new password, claiming it was the same as...
by MrPotatoHead
Sun Apr 08, 2018 8:59 pm
Forum: Investing - Theory, News & General
Topic: Are we in bear territory?
Replies: 49
Views: 6100

Re: Are we in bear territory?

If so, prepare all food a distance from where you sleep at nights, store all food in metal animal proof containers away from the sleeping area.
by MrPotatoHead
Sun Apr 08, 2018 7:10 pm
Forum: Investing - Help with Personal Investments
Topic: Continue investing?
Replies: 11
Views: 2137

Re: Continue investing?

If you define wealth as 5 million on up by the time you are 50 I think you will find few people are able to hit it as a target through broad based index style investing alone. However a small number are able to get lucky with a stock or via their own business and this able to build wealth and then t...
by MrPotatoHead
Sun Apr 08, 2018 5:12 pm
Forum: Investing - Help with Personal Investments
Topic: If you want an actively managed fund, which one would you use?
Replies: 68
Views: 4084

Re: If you want an actively managed fund, which one would you use?

Please note, the fund I am going to suggest you look at is not actually considered actively manged, but an enhanced strategy ETF. Note I said look at and evaluate, as I keep intending to kick the tires heavily but have yet to get around to it. However I have looked at it a few times and am intrigued...
by MrPotatoHead
Sun Apr 08, 2018 4:51 pm
Forum: Investing - Theory, News & General
Topic: 529 plan use in 2018 - Homeschooling
Replies: 20
Views: 1992

Re: 529 plan use in 2018 - Homeschooling

engin33r wrote:
Sun Apr 08, 2018 4:44 pm
Please post your reply. I am interested!
Copied you privately...
by MrPotatoHead
Sun Apr 08, 2018 4:40 pm
Forum: Investing - Theory, News & General
Topic: 529 plan use in 2018 - Homeschooling
Replies: 20
Views: 1992

Re: 529 plan use in 2018 - Homeschooling

All four of our children started college at 14-15 years of age, all graduated in STEM areas, 3 of the 4 are actual professionals, and all plan on unschooling their own children as we did. By unschooling I mean we used a modified Montessori approach to education. MrPotatoHead, 1. Did you design the ...
by MrPotatoHead
Fri Apr 06, 2018 9:13 pm
Forum: Investing - Theory, News & General
Topic: What can we learn from secret millionaires.
Replies: 93
Views: 16550

Re: What can we learn from secret millionaires.

What are the chances I'd be born into a good home to parents that were clean (no drugs), in a great country that is stable and has an established path to earning power for it's citizens, and the infrastructure to support it? Or that I'd have the same cultural background as the majority of citizens,...