Search found 8224 matches

by BL
Fri Sep 21, 2018 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: Trustee for sixty something sister
Replies: 19
Views: 1675

Re: Trustee for sixty something sister

Maybe 60% in a 10-yr SPIA
https://www.immediateannuities.com/
and 40% in a balanced fund like Vanguard Balanced Fund,
then at 10 yr mark, buy a life SPIA with the money from the fund if healthy.
by BL
Fri Sep 21, 2018 4:42 pm
Forum: Personal Consumer Issues
Topic: My Very First Smartphone — Please Critique This Plan
Replies: 96
Views: 4111

Re: My Very First Smartphone — Please Critique This Plan

since you are familiar with Tracfone you could just buy a smartphone and continue using Tracfone. we recently bought a new smartphone from Tracfone for right at $100. +1 With an unlocked phone and no contract you can move on to another provider anytime you wish! Way before I started using mine, I p...
by BL
Fri Sep 21, 2018 3:47 pm
Forum: Personal Consumer Issues
Topic: My Very First Smartphone — Please Critique This Plan
Replies: 96
Views: 4111

Re: My Very First Smartphone — Please Critique This Plan

I stuck with Tracfone when I switched to smartphone and am happy with that. I ported the number from flip-phone. I ported remaining minutes as well, so I have too many of them. I buy 1 gb every now and then for $10. Car's speaker pulls music from my phone as well as calls. I have an unlocked Moto G5...
by BL
Thu Sep 20, 2018 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: Elderly parents are in debt - Need advice
Replies: 39
Views: 4646

Re: Elderly parents are in debt - Need advice

Please consult a qualified elder care attorney in the state of your parents' residence. A 15-minute quick consult might even be free as these attorneys expect, because of the complexity of the laws, to obtain a new client. As others have posted, it is imperative you make no moves on your own until ...
by BL
Wed Sep 19, 2018 12:54 am
Forum: Personal Consumer Issues
Topic: Inexpensive source for greeting cards?
Replies: 27
Views: 1491

Re: Inexpensive source for greeting cards?

Hallmark program to make your own cards using blank card paper with envelopes. Reasonable cost and always available. I think an earlier edition was easier to add photos or words.
by BL
Mon Sep 17, 2018 10:25 am
Forum: Investing - Help with Personal Investments
Topic: Switched from Edward Jones - Need advice on selling equities
Replies: 7
Views: 737

Re: Switched from Edward Jones - Need advice on selling equities

Did the cost basis transfer from EJ? If so, you should be able to find the unrealized gains on V website for each stock. Sell all with losses (short term is fine), then lowest gainers (held over a year) or large single holdings until you have equal amount of gains to off-set losses. After that you d...
by BL
Sun Sep 16, 2018 7:50 am
Forum: Investing - Help with Personal Investments
Topic: Mom has retired and I need to help
Replies: 12
Views: 2105

Re: Mom has retired and I need to help

If she gives to charity, she can do QCD out of her RMDs and pay no tax on that. I changed to MM from bonds for a part of my investment. It bothered me to lose money on total bond market even with increasing rates (negative total returns). I am older than she is. What are her emotions related to inve...
by BL
Sun Sep 16, 2018 12:05 am
Forum: Investing - Help with Personal Investments
Topic: Mom has retired and I need to help
Replies: 12
Views: 2105

Re: Mom has retired and I need to help

Watty wrote:
Sat Sep 15, 2018 5:31 pm

Set them up to reinvest dividends or capital gains distributions since there is no sense in buying more of them.
I believe you omitted a not in this advice.
by BL
Sat Sep 15, 2018 11:29 pm
Forum: Personal Finance (Not Investing)
Topic: 38% pay cut for dream job?
Replies: 61
Views: 5123

Re: 38% pay cut for dream job?

It sounds fantastic and your spouse is willing for you to take this dream job. Go for it!
by BL
Fri Sep 14, 2018 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: 3 fund vs EJ
Replies: 16
Views: 993

Re: 3 fund vs EJ

A compromise might be to keep the funds he has now at V and try your suggestion with new purchases.
by BL
Wed Sep 12, 2018 11:09 pm
Forum: Investing - Help with Personal Investments
Topic: Another high expense-ratio 401(k), Help!
Replies: 22
Views: 1236

Re: Another high expense-ratio 401(k), Help!

I would skip international and consider picking it up in Roth or taxable.

Maybe wait a bit and then campaign for an S&P 500 type index fund.

You need to contribute to defer taxes.
by BL
Wed Sep 12, 2018 6:26 pm
Forum: Personal Consumer Issues
Topic: Medicare and related statements
Replies: 7
Views: 443

Re: Medicare and related statements

Check online to see if you can switch to e-statements.
by BL
Wed Sep 12, 2018 4:49 pm
Forum: Investing - Help with Personal Investments
Topic: I have 401k investments - what about my Roth IRA?
Replies: 8
Views: 436

Re: I have 401k investments - what about my Roth IRA?

ChristopherRobin wrote:
Wed Sep 12, 2018 3:30 pm
TwstdSista wrote:
Wed Sep 12, 2018 3:16 pm
I'd invest in a Total Stock Market Index Fund and/or a Total International Index Fund. Easy peasy!
Are you saying to invest in the same Total Market Index Fund as my 401(k) or use a different fund altogether?
Fidelity has a similar total stock and probably international.
by BL
Wed Sep 12, 2018 3:19 pm
Forum: Investing - Help with Personal Investments
Topic: I have 401k investments - what about my Roth IRA?
Replies: 8
Views: 436

Re: I have 401k investments - what about my Roth IRA?

TwstdSista wrote:
Wed Sep 12, 2018 3:16 pm
I'd invest in a Total Stock Market Index Fund and/or a Total International Index Fund. Easy peasy!
+1
Is it at Vanguard?
by BL
Wed Sep 12, 2018 12:54 pm
Forum: Personal Consumer Issues
Topic: where to learn to sew?
Replies: 29
Views: 1601

Re: where to learn to sew?

Ask around for leads on old machines and cotton scraps. Agree that well-cared-for old machines are likely better than cheap newer ones. Pre-1963 Singers, any Kenmore (last made by Janome), might be good. Berninas are/were expertly engineered, even the most basic ones. There are others as well. Maybe...
by BL
Wed Sep 12, 2018 8:45 am
Forum: Investing - Help with Personal Investments
Topic: Need to make major rebalance to bonds - help
Replies: 19
Views: 2002

Re: Need to make major rebalance to bonds - help

Any good blended or balanced funds in your 401K? Sometimes the ER is lower than solo bond funds. Also, muni bond funds, especially Vanguard's are low cost and can help solve your problem. well, I'm not sure how to assess "good". my choices are Fidelity Stable Pool Fund (ER 0.49%) PIMCO Total Return...
by BL
Wed Sep 12, 2018 8:38 am
Forum: Personal Finance (Not Investing)
Topic: My daughter's inheritance.
Replies: 63
Views: 8018

Re: My daughter's inheritance.

You might find a bank that participates in CDARS which lets them handle a large amount of money in guaranteed CDs: https://en.wikipedia.org/wiki/Certificate_of_Deposit_Account_Registry_Service Jane Bryant Quinn has some easy to read books (and articles on her web site) that may serve as a handy refe...
by BL
Wed Sep 12, 2018 1:06 am
Forum: Investing - Help with Personal Investments
Topic: Need to make major rebalance to bonds - help
Replies: 19
Views: 2002

Re: Need to make major rebalance to bonds - help

Fidelity Stable Pool Fund (ER 0.49%)
?
What interest rate does this pay? It might work as a "bond".

It is ok to have some bonds in a Roth.

I-bonds defer taxes up to 30 years and are state tax-exempt.
by BL
Wed Sep 12, 2018 12:15 am
Forum: Personal Finance (Not Investing)
Topic: My daughter's inheritance.
Replies: 63
Views: 8018

Re: My daughter's inheritance.

... I have heard mention of Garrett here, also I think The Finance Buff who posts here can be hired to locate someone. https://adviceonlyfinancial.com/ ... $200 to find someone, isn't that expensive? Especially as the final fees itslef can go from $1500 to $2000. Maybe, but if it steers you away fr...
by BL
Tue Sep 11, 2018 11:30 pm
Forum: Personal Finance (Not Investing)
Topic: dumb dentist question - canceling whole life insurance
Replies: 19
Views: 1882

Re: dumb dentist question - canceling whole life insurance

I would ask the company for an in-force illustration that shows guaranteed amounts: What is inforce illustration? An inforce illustration is a picture of your insurance policy as it stands now. It will show the exact results of what has happened from the initial policy inception to today with future...
by BL
Tue Sep 11, 2018 7:40 am
Forum: Investing - Help with Personal Investments
Topic: Switching investment fund
Replies: 9
Views: 617

Re: Switching investment fund

Open your Vanguard account, in the Menu, select My Accounts and go to Cost basis. In the Total Gain/Loss column, a red Gain means that if you sold your fund, you would have a capital gain that will add to your taxable income. If you look up "capital gains", you'll see that they are taxed at either ...
by BL
Tue Sep 11, 2018 7:16 am
Forum: Investing - Help with Personal Investments
Topic: AA for funds earmarked for parents' care
Replies: 5
Views: 399

Re: AA for funds earmarked for parents' care

I like your having some in cash-like fixed income for sudden needs and lower risk, especially since you don't have any in your own AA. Maybe check out some state tax-free possibilities such as I-bonds or other federal MM or treasury bills or bonds. Prime MM pays 2.08% taxable now so is not bad for c...
by BL
Mon Sep 10, 2018 12:14 am
Forum: Personal Consumer Issues
Topic: where to learn to sew?
Replies: 29
Views: 1601

Re: where to learn to sew?

Check out patternReview.com. The are the "bogleheads" of the sewing world. There are all kinds of subjects and you can ask for advice there. They also have some online classes. Haven't checked for a while (too busy here!) They are also on social media.
by BL
Sun Sep 09, 2018 10:06 pm
Forum: Investing - Help with Personal Investments
Topic: Money Market vs CD vs Bond fund vs .... Cash
Replies: 11
Views: 2566

Re: Money Market vs CD vs Bond fund vs .... Cash

You could put part of the Chase cash into Vanguard money market funds and still have quick access, even check writing. Ally online bank would probably have higher rates than Chase with quick access and FDIC insurance.
by BL
Sun Sep 09, 2018 9:58 pm
Forum: Investing - Help with Personal Investments
Topic: Switching investment fund
Replies: 9
Views: 617

Re: Switching investment fund

It would help if you name the fund, so each person doesn't have to look them up.

Also, are these in retirement accounts or taxable accounts?
by BL
Sun Sep 09, 2018 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: My daughter's inheritance.
Replies: 63
Views: 8018

Re: My daughter's inheritance.

I would add that I agree with the Vanguard PAS as maybe the only sure way not to get burned. They charge 0.3%/year and put you into low-ER index funds and won't try to sell you high-expense funds or insurance products. You may have a legal responsibility to use a manager if you are not prepared to j...
by BL
Sun Sep 09, 2018 8:22 am
Forum: Investing - Help with Personal Investments
Topic: Received $1m windfall with additional upside; looking for feedback on plan to hedge against market correction
Replies: 44
Views: 7508

Re: Received $1m windfall with additional upside; looking for feedback on plan to hedge against market correction

Re #4, I did set aside $50k in VG's muni money market and it literally has not moved a single cent for the past 10 days. Does it only reprice once a month or something? I see it's 1 on the 1-5 risk/reward scale, but still did not expect it to have seemingly zero volatility! I have the Prime MM. It ...
by BL
Sat Sep 08, 2018 1:02 pm
Forum: Investing - Help with Personal Investments
Topic: Equities verses Annuities
Replies: 7
Views: 1059

Re: Equities verses Annuities

The older you are when you buy a SPIA, the larger the monthly payment is going to be. Look at ImmediateAnnuities.com for estimates at various ages and investments. Compare age 65, 70, 75. Your money is never available once you buy it; only the monthly payment is going to come for the rest of your li...
by BL
Sat Sep 08, 2018 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Variable Life Insurance Policy worth it?
Replies: 9
Views: 943

Re: Variable Life Insurance Policy worth it?

Get term in place first before dropping it. Look at term4sale to get an idea of price (Do you need 10 or 20 year term or some of each?) Contact a local independent insurance broker who will shop around several companies for the best choice for your situation. Then I would contact the existing insura...
by BL
Sat Sep 08, 2018 9:57 am
Forum: Investing - Help with Personal Investments
Topic: Helping my dad with his IRA
Replies: 16
Views: 1216

Re: Helping my dad with his IRA

Hi My dad who is 71yrs old has $159,000 in IRA CD in a local bank. It earns 1.8%. I'm wondering if there is a better option out there for him. He wants to make sure he preserves the money but it would be nice if it could earn more than 1.8%. Does anyone have any ideas? See what the rules are for te...
by BL
Sat Sep 08, 2018 9:41 am
Forum: Investing - Help with Personal Investments
Topic: Helping my dad with his IRA
Replies: 16
Views: 1216

Re: Helping my dad with his IRA

Does he want help? Does he have any stock or bond investments? This may not be the age to start investing in them. You must keep it (most of it) in an IRA or he will have to pay taxes on that amount. He probably takes out an RMD amount each year and pays tax on that. However IRAs can be transferred ...
by BL
Mon Sep 03, 2018 7:14 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for an 87-year-old?
Replies: 36
Views: 2128

Re: Advice for an 87-year-old?

Look around town to see what rates are available at his and other banks and credit unions locally. Perhaps his bank has 1 loss=leader CD. Just let him know on paper, and leave changes to him if he chooses. Be available to help as needed. Encourage him to spend on something he would really like, but ...
by BL
Thu Aug 30, 2018 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Relative Never Took RMDs on Inherited IRA From 2004
Replies: 31
Views: 4624

Re: Relative Never Took RMDs on Inherited IRA From 2004

I assume you will withdraw at least the required amount before submitting this to the IRS.
by BL
Wed Aug 29, 2018 10:04 am
Forum: Investing - Help with Personal Investments
Topic: What to do after losing $117k in stock market?
Replies: 199
Views: 28114

Re: What to do after losing $117k in stock market?

Locate a G.A. and start attending immediately! Your future self will thank you.
http://www.gamblersanonymous.org/ga/loc ... /table/VA/

Also find a gamblers/addiction counselor ASAP. G.A. might be able to recommend a person.
by BL
Wed Aug 29, 2018 12:09 am
Forum: Personal Consumer Issues
Topic: Ladies: bra shopping question
Replies: 63
Views: 8615

Re: Ladies: bra shopping question

I also stocked up on a bunch but need to replace them. I tend to buy most of my clothes in bunches. Thanks everyone, for the ideas. After looking at the links, my first plan is Nordstroms in person; I'm tired of mailing things back. I took a close look at one of my bras this morning, with the idea ...
by BL
Tue Aug 28, 2018 12:20 pm
Forum: Investing - Help with Personal Investments
Topic: Rebalancing 2018
Replies: 16
Views: 1826

Re: Rebalancing 2018

BL, I really appreciate your suggestions., and thoughts. Looking at what's available for me to choose from I have: FADMX Strategic Income Fund, (this one was also listed in Kiplinger's 5/2018 Best of..) FASHX as a short duration high income bond fund, and several Government funds that are all in th...
by BL
Mon Aug 27, 2018 5:15 pm
Forum: Investing - Help with Personal Investments
Topic: Rebalancing 2018
Replies: 16
Views: 1826

Re: Rebalancing 2018

One of the suggestions I see here is: Don't Look! The less you look, the less painful and also the less likely you are to mess with it. (Yes, you want to make sure you contribution went in, but that is all you need to do.) I believe Fidelity had a paper that said dead people did better on their acco...
by BL
Sun Aug 26, 2018 10:20 pm
Forum: Personal Finance (Not Investing)
Topic: Can't handle being in debt (mentally)
Replies: 34
Views: 3599

Re: Can't handle being in debt (mentally)

Posted a while back about a close friend who was on the verge of using his Roth IRA to payoff his debt. He is not in the greatest financial situation as far as overall wealth. However his debt is small in the grand scheme of things. Initially he tried setting up a payment plan to eliminate the debt...
by BL
Sun Aug 26, 2018 9:14 am
Forum: Investing - Help with Personal Investments
Topic: How to Begin with 1M
Replies: 117
Views: 14579

Re: How to Begin with 1M

I think Vanguard is ideal for someone who is unsure of investing. They have great low-cost (low-ER) funds and won't lead you into expensive choices like others may or may not. Contacting the V PAS would give you some idea of what they suggest for investing. It could be 4-10 low-ER funds covering US ...
by BL
Sun Aug 26, 2018 7:53 am
Forum: Investing - Help with Personal Investments
Topic: Rebalancing 2018
Replies: 16
Views: 1826

Re: Rebalancing 2018

If losing a tiny bit in bonds is disturbing (I agree it is frustrating), what will you feel when you lose 10, 20, 30, or more in equities? Perhaps you need more in bonds, maybe CDs, money market, short term bonds, etc. The old rule of thumb is "age in bonds", so that would be 40/60 stock/bond ratio....
by BL
Thu Aug 23, 2018 5:27 pm
Forum: Investing - Help with Personal Investments
Topic: Should I Go With Vanguard PAS After This Recommendation?
Replies: 28
Views: 2232

Re: Should I go with Vanguard PAS After This Recommendation?

They may tax loss harvest with total stock one place and S&P 500 in other. Did they break it into what goes into each account?
by BL
Thu Aug 23, 2018 5:17 pm
Forum: Investing - Help with Personal Investments
Topic: Should I Go With Vanguard PAS After This Recommendation?
Replies: 28
Views: 2232

Re: Should I go with Vanguard PAS After This Recommendation?

3-fund is pretty simple. Looks good. No bonds is more questionable, unless you requested it.

edit: Sorry, I was looking at the summary. Still, not bad.
by BL
Thu Aug 23, 2018 2:01 pm
Forum: Forum Issues and Administration
Topic: Rating system for posts/posters ?
Replies: 60
Views: 2569

Re: Rating system for posts/posters ?

I do miss seeing the date joined and number of posts made that I saw on the bigger screen. That helped me as a newbie. It's still there. I see you joined Sunday, Mar 1, 2009 at 3:28pm and have 8196 posts. I see it from a computer - but not from my smartphone (Android-Chrome). I'm guessing BL is on ...
by BL
Thu Aug 23, 2018 1:52 pm
Forum: Personal Consumer Issues
Topic: Alexa for seniors, especially blind or low vision
Replies: 13
Views: 1147

Re: Alexa for seniors, especially blind or low vision

I picked up a Fire 10 on Prime day with Alexa hoping to use it for senior assistance: calling, asking Alexa for temp., news, jokes, timer, music, etc. Results to be determined.
by BL
Thu Aug 23, 2018 8:48 am
Forum: Forum Issues and Administration
Topic: Rating system for posts/posters ?
Replies: 60
Views: 2569

Re: Rating system for posts/posters ?

I do miss seeing the date joined and number of posts made that I saw on the bigger screen. That helped me as a newbie.
by BL
Thu Aug 23, 2018 8:28 am
Forum: Investing - Help with Personal Investments
Topic: Variable Annuity- Alternative Investments
Replies: 11
Views: 672

Re: Variable Annuity- Alternative Investments

No experience, but would suggest you do what you want for yourself, but not lead this person down this path at all!
by BL
Wed Aug 22, 2018 3:22 pm
Forum: Investing - Help with Personal Investments
Topic: Target funds for both taxable and tax advantage account?
Replies: 24
Views: 2011

Re: Target funds for both taxable and tax advantage account?

You have to decide how much you value simplicity. As noted above, there are some options. The main issue is the taxable account. You can easily use Target Retirement (TR) funds in tax advantaged accounts - 401, 403, 457, IRA, etc. Here are a few options for the taxable account, each with different ...
by BL
Wed Aug 22, 2018 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Suggestions for a Generous Grandparent?
Replies: 53
Views: 4351

Re: Suggestions for a Generous Grandparent?

Agree that each child should be treated the same.

When/if she gives or bequeaths to her children, each should be given the same, except for special needs, etc. (Per stirpes may not always seem fair to next generation, but at least it is standard procedure.)
by BL
Wed Aug 22, 2018 10:58 am
Forum: Investing - Help with Personal Investments
Topic: IRAs now liquid; reinvestment quandry
Replies: 13
Views: 695

Re: IRAs now liquid; reinvestment quandry

I would suggest that "buy low sell high" has almost nothing to do with setting up your portfolio. There are other ways than dividends to get cash to live on. Selling equities gives the same end result. You are taking value from the fund whether it is from CG or dividends. I like having Jane Bryant Q...
by BL
Wed Aug 22, 2018 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Life Insurance - does this seem reasonable? (Added another ? about company)
Replies: 19
Views: 879

Re: Life Insurance - does this seem reasonable? (Added another ? about company)

If you have a good independent agent in your town, they should be able to shop around for you after considering your health status. An experienced independent agent should have dealt with a number of insurance companies and know how their rates tend to work. Term4sale.com may work in a similar manne...