Search found 411 matches

by mtmingus
Thu Jul 30, 2020 5:56 pm
Forum: Personal Investments
Topic: Poor service at Vanguard making me re-think my decision
Replies: 96
Views: 7900

Re: Poor service at Vanguard making me re-think my decision

We are super happy with our banking experiences at Fidelity.
by mtmingus
Mon Jul 27, 2020 7:17 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 19464
Views: 2695520

Re: U.S. stocks in free fall

One sizeable holding Vanguard Wellesley Income Fund -0.04% today.
by mtmingus
Sat Jul 25, 2020 10:32 am
Forum: Personal Consumer Issues
Topic: What surprised you the most once you retired?
Replies: 251
Views: 26384

Re: What surprised you the most once you retired?

minesweep wrote:
Sun Jul 19, 2020 8:52 pm
flyingaway wrote:
Sun Jul 19, 2020 10:55 am
Can we hear some "negative" surprises in retirement?
Time seems to go faster in retirement (I thought it would be the opposite). Retired 19 1/2 years ago.
Interestingly, WFH full-time now, this seems to be true too.
by mtmingus
Fri Jul 24, 2020 8:08 am
Forum: Investing - Theory, News & General
Topic: Which financial intrument(s) are best for shorting the dollar?
Replies: 20
Views: 1465

Re: Which financial intrument(s) are best for shorting the dollar?

fredflinstone wrote:
Fri Jul 24, 2020 7:43 am
if the dollar weakens, gold should perform well.
Last a few weeks the market has been telling this.
by mtmingus
Thu Jul 23, 2020 7:17 pm
Forum: Investing - Theory, News & General
Topic: Your thoughts on negative interest rates
Replies: 162
Views: 6277

Re: Your thoughts on negative interest rates

TheDDC wrote:
Thu Jul 23, 2020 12:23 am
There is an alternative. Invest more in stocks, or at the very least in a 20/80 fund. A 20/80 fund will quickly become the new “fixed income” fund in such an interest rate environment.

-TheDDC
Fidelity Freedom® Index Income Fund FIKFX 20:80.
by mtmingus
Tue Jul 21, 2020 1:09 pm
Forum: Investing - Theory, News & General
Topic: Retirees, share your epiphanies..
Replies: 126
Views: 14738

Re: Retirees, share your epiphanies..

protagonist wrote:
Tue Jul 21, 2020 9:53 am
I'll share this post of mine from 2015, hoping it may be helpful:
Thanks for sharing!
by mtmingus
Wed Jul 15, 2020 9:00 am
Forum: Investing - Theory, News & General
Topic: [Vanguard partners with Infosys for Defined Contribution recordkeeping]
Replies: 260
Views: 16013

Re: Vanguard laying off 1300 employees as part of outsourcing deal with Infosys

I have seen companies sacrifice quality for costs, eventually incurring more costs.
by mtmingus
Tue Jul 14, 2020 8:54 pm
Forum: Personal Investments
Topic: All in with Wellesley
Replies: 57
Views: 4988

Re: All in with Wellesley

Another Wellesley Income long term holder here. But if we trust portfoliovisualizer, we could do as well with a 2-index fund portfolio at Fidelity and Vanguard: 35 stocks + 65 bond (or 40:60): https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=2&startYear=1985&firstMonth=1&endYear...
by mtmingus
Tue Jul 14, 2020 5:10 pm
Forum: Personal Investments
Topic: 73 YO Retiree with House Sale Cash
Replies: 6
Views: 854

Re: 73 YO Retiree with House Sale Cash

Target Retirement Income funds VTINX from Vanguard and FIKFX (less equity and more bond + cash) from Fidelity.
by mtmingus
Tue Jul 14, 2020 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Relinquishing CA residency
Replies: 28
Views: 3068

Re: Relinquishing CA residency

Basically if your source of income is in CA for the entire year 2020, but you moved in July 2020 to a state of your parents' residence (WFH), you are still considered a full-year CA resident in terms of CA state tax. If all of your income is in CA, you pay CA tax on all of it whether you are a resi...
by mtmingus
Tue Jul 14, 2020 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Relinquishing CA residency
Replies: 28
Views: 3068

Re: Relinquishing CA residency

Basically if your source of income is in CA for the entire year 2020, but you moved in July 2020 to a state of your parents' residence (WFH), you are still considered a full-year CA resident in terms of CA state tax.
by mtmingus
Tue Jul 14, 2020 6:08 am
Forum: Personal Investments
Topic: What should I do with my money next?
Replies: 18
Views: 3039

Re: What should I do with my money next?

Most likely your parent do not need your contribution in the now added living expenses from you.
But do not even give it a thought is a different thing.
by mtmingus
Sun Jul 12, 2020 2:46 pm
Forum: Personal Consumer Issues
Topic: Visiting dentist during pandemic (still under stay home orders)
Replies: 30
Views: 2459

Re: Visiting dentist during pandemic (still under stay home orders)

I heard that some dentists billed the extra costs of PPE's 100% to their patients instead of cost-sharing.
by mtmingus
Sat Jul 11, 2020 6:28 pm
Forum: Personal Consumer Issues
Topic: Chase Bank Bonus Issue
Replies: 43
Views: 3607

Re: Chase Bank Bonus Issue

Not surprised, it's Chase.
A few years ago I cancelled an airbnb reservation due to weather condition but couldn't get a full refund. My Chase credit card had trip cancellation insurance but they denied to cover it.
by mtmingus
Sat Jul 11, 2020 7:51 am
Forum: Investing - Theory, News & General
Topic: Were You Around During Dotcom Bubble?
Replies: 182
Views: 11259

Re: Were You Around During Dotcom Bubble?

A former coworker was very successful in his early IT career and investment life. He had a 7 figure investment account during the peak time in his 30's. But after the burst, he told me he practically got divorced three times from 2000~2002. I didn't have much money to play with at that time after th...
by mtmingus
Wed Jul 01, 2020 5:52 pm
Forum: Personal Consumer Issues
Topic: What are you listening to now
Replies: 793
Views: 42664

Re: What are you listening to now

Spotify.
by mtmingus
Wed Jul 01, 2020 5:48 pm
Forum: Personal Consumer Issues
Topic: Dual Monitor Stand
Replies: 9
Views: 837

Re: Dual Monitor Stand

Adjustable Standing Desk
by mtmingus
Mon Jun 29, 2020 9:26 am
Forum: Personal Consumer Issues
Topic: Does HELOC appraisal affect future home sale?
Replies: 6
Views: 469

Re: Does HELOC appraisal affect future home sale?

Banks have every reasons to be error on the safe/conservative side in HELOC loans. My HELOC was lower than the comparable units sold at that time in my neighborhood - but they did not send anyone to inspect house.
by mtmingus
Sat Jun 27, 2020 8:15 am
Forum: Personal Investments
Topic: Why Morgan Stanley Says the 60/40 Portfolio Is Doomed
Replies: 107
Views: 11079

Re: Why Morgan Stanley Says the 60/40 Portfolio Is Doomed

Some folks have pensions, they can afford higher equity allocations than the rest of us. Especially when their SS and pensions cover their living expenses.
by mtmingus
Mon Jun 22, 2020 7:22 am
Forum: Investing - Theory, News & General
Topic: Jeremy Siegel on MiB Podcast: 60/40 is risky and more
Replies: 146
Views: 16684

Re: Jeremy Siegel on MiB Podcast: 60/40 is risky and more

Good summary, Mr. Vulcan. Other points: M1 and M2 are increasing which will lead to spending boom and inflation. This didn't happen in '08. Going off gold standard allowed tax cuts and Fed to buy bonds at the same time. Bonds now less attractive, increase allocation to stocks. This is because he th...
by mtmingus
Fri Jun 19, 2020 7:46 am
Forum: Personal Consumer Issues
Topic: Recommend a good SOCK. Yes, I said SOCK!
Replies: 83
Views: 8928

Re: Recommend a good SOCK. Yes, I said SOCK!

Another Darn Tough family here. We buy at LLBean when they have store wide & online sales.
by mtmingus
Tue Jun 16, 2020 7:24 pm
Forum: Personal Investments
Topic: Marcus or Ally
Replies: 157
Views: 16263

Re: Marcus or Ally

"Email from Marcus:

"Effective today, the rate on our Marcus high-yield Online Savings Account has been adjusted to 1.05% from 1.30% APY."
by mtmingus
Tue Jun 16, 2020 6:57 am
Forum: Personal Investments
Topic: our portfolio can you asist
Replies: 9
Views: 1096

Re: our portfolio can you asist

Sizable annuity income 3.6k/mo.
What about estimated social security?
by mtmingus
Mon Jun 15, 2020 12:39 pm
Forum: Investing - Theory, News & General
Topic: WSJ: 1/3rd of investors over 65 sold ALL their equities between Feb 20-May 15th.
Replies: 81
Views: 8221

Re: WSJ: 1/3rd of investors over 65 sold ALL their equities between Feb 20-May 15th.

Sold all their equities, and stayed in non-equities, or sold and purchased other equities, during this period?
by mtmingus
Wed Jun 10, 2020 5:25 pm
Forum: Personal Consumer Issues
Topic: Face mask recommendations
Replies: 173
Views: 12714

Re: Face mask recommendations

by mtmingus
Thu Jun 04, 2020 6:12 pm
Forum: Personal Consumer Issues
Topic: Instacart Question
Replies: 27
Views: 2087

Re: Instacart Question

But your ratings on the shoppers will affect their bonuses.
by mtmingus
Tue Jun 02, 2020 6:39 am
Forum: Personal Investments
Topic: Optimal Bond Fund
Replies: 39
Views: 3144

Re: Optimal Bond Fund

Great recommendations on LTT, TIP, TB. I was happy with my MMF when MMF yields were close to 2%. Only a couple of months things changed a lot. My 401k MMF interests payout in May was 4% of that in March (no subtraction)! I was forced to move most of my MMF into BCOIX (Baird Core Plus Bond Fund) in m...
by mtmingus
Tue May 26, 2020 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: How Will Corona Virus affect the Real Estate Market ?
Replies: 53
Views: 5869

Re: How Will Corona Virus affect the Real Estate Market ?

How much longer of these unprofitable airbnb investors could hold for their properties?
by mtmingus
Mon May 18, 2020 6:06 am
Forum: Personal Finance (Not Investing)
Topic: Oregon income tax on severance from Texas?
Replies: 6
Views: 573

Re: Oregon income tax on severance from Texas?

If I remember correctly, there was one time I looked at someone' tax returns when he changed jobs from Illinois to California. He paid his Illinois tax as a partial resident based on his dates of residence, not on his Illinois W2.
by mtmingus
Mon May 18, 2020 5:50 am
Forum: Personal Consumer Issues
Topic: Sump Pump Dual System
Replies: 28
Views: 1288

Re: Sump Pump Dual System

I had a plumber quote me over $2k for a Zoeller system like you're describing. I bought this for $690 (with battery) on amazon and installed it in an hour: https://www.amazon.com/Wayne-Battery-Backup-Sump-System/dp/B07H4S6X9N?th=1 The previous sump setup had two plug-in pumps with an alternating sw...
by mtmingus
Sun May 17, 2020 12:26 pm
Forum: Personal Consumer Issues
Topic: Sump Pump Dual System
Replies: 28
Views: 1288

Re: Sump Pump Dual System

I had a plumber quote me over $2k for a Zoeller system like you're describing. I bought this for $690 (with battery) on amazon and installed it in an hour: https://www.amazon.com/Wayne-Battery-Backup-Sump-System/dp/B07H4S6X9N?th=1 The previous sump setup had two plug-in pumps with an alternating sw...
by mtmingus
Sun May 17, 2020 12:20 pm
Forum: Personal Consumer Issues
Topic: Sump Pump Dual System
Replies: 28
Views: 1288

Re: Sump Pump Dual System

Re the battery discussion - the Walmart deep cycle was a good deal for me. They run sub-$100, avoid crazy shipping costs vs online orders (lead is heavy!), and seem to last as long as other brands (especially sitting still, at a stable temp, on a charger.) Plus, I found that Walmart would give me m...
by mtmingus
Sun May 17, 2020 11:54 am
Forum: Personal Consumer Issues
Topic: Sump Pump Dual System
Replies: 28
Views: 1288

Re: Sump Pump Dual System

I have the exact model you are considering. I installed it last year and it appears well made and I really like the LCD battery charger. It definitely costs more than some of the "basement watchdog" type units that are sold @ Home Depot and Lowes. To me, it was money well spent. You also need to fi...
by mtmingus
Sun May 17, 2020 11:35 am
Forum: Personal Consumer Issues
Topic: Sump Pump Dual System
Replies: 28
Views: 1288

Re: Sump Pump Dual System

I really like the Zoeller pumps and their battery backup systems, and highly recommend them based on personal experience. Backstory: I lived in a 1700's house with a fieldstone basement that, left to its own devices, could easily take on a foot or two of water on a stormy night. We had bad (intermi...
by mtmingus
Sun May 17, 2020 10:07 am
Forum: Personal Consumer Issues
Topic: Sump Pump Dual System
Replies: 28
Views: 1288

Re: Sump Pump Dual System

Chuck107 wrote:
Sun May 17, 2020 9:45 am
Why not have a water powered backup and forget the battery?

https://www.amazon.com/Zoeller-503-0005 ... =hi&sr=1-5

Disclaimer... I have never had one, I just know they exist.
Pretty novel!
by mtmingus
Sun May 17, 2020 9:30 am
Forum: Personal Consumer Issues
Topic: Sump Pump Dual System
Replies: 28
Views: 1288

Re: Sump Pump Dual System

Thanks David and Galaxy8.
Wayne is another brand I thought about too. One of the mostly reviewed choices at amzn.
by mtmingus
Sun May 17, 2020 9:19 am
Forum: Investing - Theory, News & General
Topic: Appreciating the magnitude of Sequence of Returns immediately after retirement
Replies: 115
Views: 6105

Re: Appreciating the magnitude of Sequence of Returns immediately after retirement

Sequence of Returns is a well known issue for decumulation. There is a clear explanation on the wiki, showing what happens when one reverses sequence of returns in retirement: https://www.bogleheads.org/wiki/User:Leeraar/Sequence_of_return_risk Well known concept BUT, this is one of the very few we...
by mtmingus
Sun May 17, 2020 8:58 am
Forum: Personal Finance (Not Investing)
Topic: GiftRocket - Online gift card
Replies: 4
Views: 294

Re: GiftRocket - Online gift card

I used this service to send cash gifts to friends in the past but did not designate them to any particular merchants.
by mtmingus
Sun May 17, 2020 8:54 am
Forum: Personal Consumer Issues
Topic: Sump Pump Dual System
Replies: 28
Views: 1288

Sump Pump Dual System

Currently I have a single Zoeller sump pump and it has been running fine for many years. I am thinking of replacing it with a dual system a primary pump and a battery backed up secondary. One system comes to my mind is Zoeller 508-0006 Aquanot 508 ProPak53 Preassembled Sump Pump System with Battery ...
by mtmingus
Sat May 16, 2020 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: Fraudulent charges... Getting really tired of the number of times this happens and resulting hassle.
Replies: 70
Views: 6277

Re: Fraudulent charges... Getting really tired of the number of times this happens and resulting hassle.

When you started a dispute on a fraud charge on your credit card, do you get this charge removed immediately, or this charge will stay and you are liable until this is proven in your favor?
by mtmingus
Sat May 16, 2020 9:07 am
Forum: Personal Consumer Issues
Topic: Alternatives to Craftsman Tools
Replies: 98
Views: 6540

Re: Alternatives to Craftsman Tools

The only things I like in local estate sales: good old tools!
I don't care the brands, if they are old, they are good.
by mtmingus
Fri May 15, 2020 9:23 am
Forum: US Chapters
Topic: How Is Your Job Being Impacted By The Current Crisis?
Replies: 505
Views: 53117

Re: How Is Your Job Being Impacted By The Current Crisis?

State and Fev governments should have rescue plans for most of our health organizations for their sacrifices in this pandemic - and likely future ones!
by mtmingus
Fri May 15, 2020 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance- What to do at end of Term?
Replies: 37
Views: 2545

Re: Term Life Insurance- What to do at end of Term?

I am 30yo and my fiancé and I are shopping for 20 year term life insurance. we plan on starting a family soon and are building a home. My question is when the term ends I will be 50, and I might want/need life insurance until I'm 65. Most of the term policies are convertible to permanent life insur...
by mtmingus
Fri May 15, 2020 7:52 am
Forum: US Chapters
Topic: How Is Your Job Being Impacted By The Current Crisis?
Replies: 505
Views: 53117

Re: How Is Your Job Being Impacted By The Current Crisis?

Announced:
No raises, no performance bonuses for the coming annual reviews.

Most employees cannot plan for vacations this year and employer will not adjust the PTOs carry-over policies.
by mtmingus
Tue May 12, 2020 6:24 pm
Forum: Personal Investments
Topic: DH Laid Off - can we retire early?
Replies: 40
Views: 4970

Re: DH Laid Off - can we retire early?

Can you elaborate on “no tax on retirement?” Do you mean withdrawals from tax-deferred accounts aren’t taxed? Or that you pay less — or no tax — once you reach a certain age? Or that Social Security isn’t taxed? I'm sorry, I meant that Illinois does not tax retirement income, so no tax on withdrawa...
by mtmingus
Sun May 03, 2020 2:51 pm
Forum: Personal Consumer Issues
Topic: Lawnmower recommendation
Replies: 65
Views: 4145

Re: Lawnmower recommendation

Honda or Toro Make sure to maintain when the season is over by running fuel reservoir dry, change plug, change oil, and check air filter. Also check blade(s) to see if they need to be sharpened. +1 to whomever mentioned buying used. Check FB marketplace or Craigslist for mowers. That’s how I purcha...
by mtmingus
Sat May 02, 2020 7:50 am
Forum: Personal Finance (Not Investing)
Topic: IRS Get My Payment up and running
Replies: 369
Views: 25150

Re: IRS Get My Payment up and running

gailwinters wrote:
Sat May 02, 2020 7:05 am
We were able to enter our information on Sat. April 25. We are now scheduled for DD on May 6.
Same here: April 25 -> May 06:

We scheduled your payment to be deposited on May 06, 2020 to the bank account below
xxxxx