Search found 211 matches

by Bronco Billy
Tue May 26, 2020 6:51 pm
Forum: Personal Investments
Topic: Question about Edward Jones disapproval
Replies: 40
Views: 3705

Re: Question about Edward Jones disapproval

My dad passed away and was left 1/3 of his accounts. The accounts were split up into thirds and we all three reinvested with EJ. My only experience was company FIDO accounts and few VG funds in a scottrade account. Then I find out about EJ front end load fees, 4% i think maybe a little less rate the...
by Bronco Billy
Sun May 03, 2020 1:19 pm
Forum: Personal Consumer Issues
Topic: Will Walmart replace a battery without a receipt?
Replies: 33
Views: 1933

Re: Will Walmart replace a battery without a receipt?

Correct, I'm not the original owner which is why I don't have the receipt. Store policies change all the time and I was seeing if anybody had luck in a scenario like mine before heading out 20 miles to the nearest Walmart. Sorry but scams like these are what cost everyone more money for items. :(
by Bronco Billy
Fri May 01, 2020 10:27 pm
Forum: Personal Consumer Issues
Topic: Will Walmart replace a battery without a receipt?
Replies: 33
Views: 1933

Re: Will Walmart replace a battery without a receipt?

I think there is a good chance they will but dont think they will care what the date says. They will scan the id tag and see when it says it was sent out to Walmart. Without the recept i believe that is what they will go by. With computer s today I think the scan will probably show when and where is...
by Bronco Billy
Wed Apr 15, 2020 9:06 am
Forum: Personal Investments
Topic: Dividend ETF
Replies: 10
Views: 721

Re: Dividend ETF

UpperNwGuy wrote:
Tue Apr 14, 2020 9:34 pm
I think you should go to Portfolio Visualizer and compare the total returns of a dividend ETF with Total Stock and show us what you found.
DGRO beats VTI by about $500.
by Bronco Billy
Mon Mar 23, 2020 3:06 pm
Forum: Personal Investments
Topic: AIG Annuity
Replies: 3
Views: 270

Re: AIG Annuity

Mom (94) has an AIG Annuity paying 3%. My brother and I have POA for her. It's at or close to maturity. There are 3 options: 1 Extend maturity. 2 Surrender contract and receive account value in lump sum distribution. 3 Annuitize (but they don't show what the payouts would be) Hopefully STINKY will ...
by Bronco Billy
Sun Mar 22, 2020 9:58 pm
Forum: Personal Consumer Issues
Topic: So what are you cooking
Replies: 267
Views: 15529

Re: So what are you cooking

Oatmeal, 1/2 cup of Oats and 1 cup water in Microwave for 2 minutes add milk and sugar to taste.
by Bronco Billy
Tue Mar 17, 2020 10:50 pm
Forum: Personal Consumer Issues
Topic: Get a 2nd Refrigerator for Home, and put in garage - Good idea?
Replies: 88
Views: 4943

Re: Get a 2nd Refrigerator for Home, and put in garage - Good idea?

TheNightsToCome wrote:
Sat Mar 14, 2020 11:34 pm
We put the old one in the garage when we purchased new. It's handy.
That is what we did. I am in the shop /man cave a lot. I buy a lot of things on sale at the grocery and use it to freeze the meat. Enjoy the ice machine also.
by Bronco Billy
Sun Mar 15, 2020 12:19 pm
Forum: Personal Investments
Topic: Income Annuities Now?
Replies: 10
Views: 762

Re: Income Annuities Now?

I don't see any way to download a copy of the contract, or any actual details. With treasuries yielding less than 1%, I think i'd skip their probably 100 page contract anyway. Dale Your question just asked who was selling them. My first annuities were bought by the FA I had before we parted ways. I...
by Bronco Billy
Sat Mar 14, 2020 11:19 pm
Forum: Personal Investments
Topic: Income Annuities Now?
Replies: 10
Views: 762

Re: Income Annuities Now?

Dale_G wrote:
Sat Mar 14, 2020 11:03 pm
Who is selling 5 year annuities with a 3-4% APR???

Dale
I got one here for 3.92% several months ago but it looks like the 5 year is
down to 3.25 now.

https://sslco.com/content/personal-choice
by Bronco Billy
Sun Mar 08, 2020 12:10 pm
Forum: Personal Investments
Topic: Living off dividends in retirement?
Replies: 106
Views: 8034

Re: Living off dividends in retirement?

TN_Boy wrote:
Sun Mar 08, 2020 9:06 am
Oh, and a dividend-only strategy is subject to notable variations in returns. Dividends can get cut.
Unlike Stocks and Mutual Funds ever go down. How is your last couple of weeks doing? It would be my guess if the Dividend get CUTS the stock or MF has also lost value.
by Bronco Billy
Sat Mar 07, 2020 5:06 pm
Forum: Personal Investments
Topic: Living off dividends in retirement?
Replies: 106
Views: 8034

Re: Living off dividends in retirement?

abuss368 wrote:
Sat Mar 07, 2020 4:23 pm
I had a started a thread to discuss the Vanguard High Yield Dividend Fund but it did not seem to have many responses.
Annuities and Dividends on BH IMO are looked at with colored glasses. The three fund approach is what is popular here.
by Bronco Billy
Sat Mar 07, 2020 5:02 pm
Forum: Personal Investments
Topic: Living off dividends in retirement?
Replies: 106
Views: 8034

Re: Living off dividends in retirement?

The February dividend check is from companies (held by SPHD) that declared their dividends well before the the sell-off. It'll be a month or more before you find out what changes there are to dividends issued by the companies (held by SPHD) and thus if there's any change to the dividend you receive...
by Bronco Billy
Sat Mar 07, 2020 2:37 pm
Forum: Personal Investments
Topic: Living off dividends in retirement?
Replies: 106
Views: 8034

Re: Living off dividends in retirement?

If your friend wants to own individual stocks, I would suggest he/she look at the ones I posted. Those companies have been increasing & paying dividends for 40 years. Their share prices got beat down in 2008/2009 but they all continued to pay and increase dividends. The stock prices of these compan...
by Bronco Billy
Sat Mar 07, 2020 2:20 pm
Forum: Personal Investments
Topic: Living off dividends in retirement?
Replies: 106
Views: 8034

Re: Living off dividends in retirement?

What did the dividend income come to during the sell off? My guess would be the dividend income went UP. I have SPHD and it pays a monthly dividend. Current value is down about 10%. On Dec 31 it paid $358. On Feb. 28 it paid $365. I think you meant the dividend yield went up. The income stayed the ...
by Bronco Billy
Sat Mar 07, 2020 11:43 am
Forum: Personal Investments
Topic: Living off dividends in retirement?
Replies: 106
Views: 8034

Re: Living off dividends in retirement?

lostdog wrote:
Sat Mar 07, 2020 11:30 am
What did the dividend income come to during the sell off?
My guess would be the dividend income went UP. I have SPHD and it pays a monthly dividend. Current value is down about 10%. On Dec 31 it paid $358. On Feb. 28 it paid $365.
by Bronco Billy
Sun Feb 16, 2020 7:05 am
Forum: Personal Consumer Issues
Topic: When will 5G be available in Rural US?
Replies: 70
Views: 4583

Re: When will 5G be available in Rural US?

Be ready to BUY a new phone. Its my understanding most phones will not work on 5G.

https://www.tomsguide.com/us/att-5g-net ... 29855.html
by Bronco Billy
Mon Feb 03, 2020 6:26 pm
Forum: Personal Investments
Topic: Vanguard to Vanguard rollover. Should I receive a 1099-R?
Replies: 16
Views: 1032

Re: Vanguard to Vanguard rollover. Should I receive a 1099-R?

This was a direct rollover between different plans and will generate a 1099R. There will also be a 5498 when the receiving plan is an IRA. You should have the 1099R no later than the coming week. Does the plan have your correct address? If you do not receive the 1099R in the next few days, call the...
by Bronco Billy
Mon Feb 03, 2020 1:48 pm
Forum: Personal Consumer Issues
Topic: Citibank new customer $400/$500/$700/$1500 banking bonus
Replies: 13
Views: 1654

Re: Citibank new customer $400/$500/$700/$1500 banking bonus

Lot of small print with Citibank. Also you may want make sure of the interest rate you will be getting.
by Bronco Billy
Sun Feb 02, 2020 2:27 pm
Forum: Personal Investments
Topic: Vanguard to Vanguard rollover. Should I receive a 1099-R?
Replies: 16
Views: 1032

Re: Vanguard to Vanguard rollover. Should I receive a 1099-R?

For sure I am no expert on this. The Form 5498 seems to be more of a FYI than something that needs to be reported on ur taxes. It just states the rollover Contributions and Fair market value. Below is what i copied from VG website and looks like you may not get it until May. 5498 What it's used for ...
by Bronco Billy
Sun Feb 02, 2020 12:07 pm
Forum: Personal Investments
Topic: Vanguard to Vanguard rollover. Should I receive a 1099-R?
Replies: 16
Views: 1032

Re: Vanguard to Vanguard rollover. Should I receive a 1099-R?

You said THIS year (2020?) not sure you would get anything until 2021. I did a Rollover in 2019 from my Fido 401k to a new Fido IRA. So far i have not received anything in the mail from Fido. When i click on Fido web site Tax info i DO have "Form 5498" for this rollover and my Roth rollover. I will ...
by Bronco Billy
Mon Jan 27, 2020 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: [Marcus Savings Account - Interest rate is now 1.7%]
Replies: 167
Views: 22691

Re: [Marcus Savings Account - Interest rate is now 1.7%]

Marcus is the only bank I know of that offers bonuses to current customers and the worst cross selling you’ll see is some e-mails about personal loans. Considering this is $200 for $20,000 for a couple, and you’ll be earning 1.7% on top of it, and you won’t need to open new accounts, this is as low...
by Bronco Billy
Sat Jan 25, 2020 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: [Marcus Savings Account - Interest rate is now 1.7%]
Replies: 167
Views: 22691

Re: [Marcus Savings Account - Interest rate is now 1.7%]

ReformedSpender wrote:
Thu Jan 23, 2020 8:58 am
tj wrote:
Wed Jan 22, 2020 7:40 pm
I got an email that they are offering me $100 to increase my balance by $10,000 and hold for 60 days.
100 bucks is a 100 bucks but this is a whopping 1% bonus. Doesn't get me too excited.
Do you have a better place for us to get a BONUS?
by Bronco Billy
Sat Jan 18, 2020 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited IRA Questions
Replies: 13
Views: 828

Re: Inherited IRA Questions

Kenkat wrote:
Sat Jan 18, 2020 2:45 pm
Bronco Billy wrote:
Sat Jan 18, 2020 2:40 pm
I have my dads inherited IRA that i have been taking RMD for the last few years. With this new rule change am I now under the new 10 year rule? I am only 66 years old.
No, existing inherited IRAs are grandfathered under the original rules.
Thank You!!
by Bronco Billy
Sat Jan 18, 2020 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited IRA Questions
Replies: 13
Views: 828

Re: Inherited IRA Questions

I have my dads inherited IRA that i have been taking RMD for the last few years. With this new rule change am I now under the new 10 year rule? I am only 66 years old.
by Bronco Billy
Wed Jan 01, 2020 11:32 pm
Forum: Personal Investments
Topic: Dividends not working how I thought they did.
Replies: 69
Views: 10477

Re: Dividends not working how I thought they did.

So what then is the benefit of dividends? Is there any? If you get qualified Dividends the taxes are cheaper. The tax rate on qualified dividends for investors that have ordinary income taxed at 10% or 12% is 0%. Those that pay income tax rates greater than 12% and up to 35% (for ordinary incomes o...
by Bronco Billy
Fri Dec 13, 2019 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity 401k to a Fidelity IRA?
Replies: 6
Views: 350

Re: Fidelity 401k to a Fidelity IRA?

I rolled over my 401k to a IRA with Fido this year. I called Fido and they helped me with it and it took about a week. They were able to move some funds and had to sell a couple. Lot more options now.
by Bronco Billy
Tue Dec 03, 2019 8:58 am
Forum: Investing - Theory, News & General
Topic: Dividend Investing?
Replies: 52
Views: 5081

Re: Dividend Investing?

Dividends trigger taxes. I don't like taxes, so I avoid dividends. "Qualified" dividends get preferential tax treatment. That was my understanding about the 15% rate. It also depends whether we talking about "retirement" accounts or taxable accounts. Do we care if its in a IRA that we are not pulli...
by Bronco Billy
Tue Dec 03, 2019 12:45 am
Forum: Investing - Theory, News & General
Topic: Dividend Investing?
Replies: 52
Views: 5081

Re: Dividend Investing?

It looks to me that people in the over the 22% tax bracket would be better off doing dividend investment. Its my understanding if you can get qualified Dividends they are only taxed at 15%. So why would you not want to pay lower taxes? My problem is I how do you know if they pay a qualified Dividend?
by Bronco Billy
Tue Nov 26, 2019 5:32 am
Forum: Personal Investments
Topic: Surrendering Annutiy with Higher Withdrawal Balance Than cash Balance
Replies: 9
Views: 855

Re: Surrendering Annutiy with Higher Withdrawal Balance Than cash Balance

In June 2019 Vanguard announced its exit from selling annuities to consumers. The shift encompasses both variable annuities and income annuities. The variable annuities were offered by Transamerica. The variable business will be phased out over 12-18 months with administration moving to Transamerica...
by Bronco Billy
Sat Nov 23, 2019 1:46 am
Forum: Personal Investments
Topic: Annuities in the "Bond" Asset Mix
Replies: 12
Views: 1121

Re: Annuities in the "Bond" Asset Mix

The LIFO rule will also hurt you in taxes, because the taxable gains come out first. If you put $90K into an annuity and it grows to $100K, and you then take the penalty-free $10K withdrawal, you pay tax on the entire $10K, so you give up any tax-deferred growth on that $10K. Mine is a non-qualifie...
by Bronco Billy
Fri Nov 22, 2019 6:28 pm
Forum: Personal Investments
Topic: Annuities in the "Bond" Asset Mix
Replies: 12
Views: 1121

Re: Annuities in the "Bond" Asset Mix

Pay attention to exactly how you get your money out. For Sure... My annuity has ONLY a 30 day window to make the decision to annuitize, renew or cash it in. The lowest Surrender charge on my annuity is 5% and the only time its waived is in the 30 day window or during a free yearly withdrawal. I got...
by Bronco Billy
Thu Nov 21, 2019 11:51 pm
Forum: Personal Finance (Not Investing)
Topic: Where/how to keep cash on hand or equivalent?
Replies: 55
Views: 4457

Re: Where/how to keep cash on hand or equivalent?

Safety Deposit box at the bank.
by Bronco Billy
Thu Nov 21, 2019 11:46 pm
Forum: Personal Investments
Topic: Annuities in the "Bond" Asset Mix
Replies: 12
Views: 1121

Re: Annuities in the "Bond" Asset Mix

Most people here do not like Annuities. I just renewed my Personal Choice Annuity in July for another 5 years. To me it's like a CD and its paying 3.7%. It has high Surrender charges if you need to get it out. If you can't leave it for 5 years you don't want to get in. Its only rated a B++ company b...
by Bronco Billy
Tue Nov 19, 2019 10:46 pm
Forum: Personal Investments
Topic: How Do I Invest My Mom's $180,000 Estate?
Replies: 11
Views: 1383

Re: How Do I Invest My Mom's $180,000 Estate?

Before i knew better when my dad passed away he had 2 accounts with EJ. I got 1/3 of both a IRA and brokerage account. EJ FA said he had to sell it to divide it up into 3 equals share he said. He sold it my third he bought was with front loaded (over 4%) Franklin and American funds. These fund also ...
by Bronco Billy
Wed Nov 13, 2019 9:37 pm
Forum: Personal Investments
Topic: Buy some VYM [Vanguard High Dividend Yield]?
Replies: 33
Views: 3970

Re: Buy some VYM [Vanguard High Dividend Yield]?

LilyFleur wrote:
Wed Nov 13, 2019 8:32 pm
If you end up paying more for your Medicare because you fall off the IRMAA cliff(s)
Not a problem, I am on my wifes medical, she younger making good money. I just retired in July and believe it will be hard to get down into the 15% tax bracket next year.
by Bronco Billy
Wed Nov 13, 2019 7:11 pm
Forum: Personal Investments
Topic: Buy some VYM [Vanguard High Dividend Yield]?
Replies: 33
Views: 3970

Re: Buy some VYM [Vanguard High Dividend Yield]?

I am trying to keep an open mind about whats wrong with buying Stock or funds that pay good dividends. I been in the 22-24% tax bracket and don't see what is wrong with paying the lesser 15% tax for Dividends and capital gains. I bought 75k of SPHD a few weeks ago that pays a monthly dividend. I can...
by Bronco Billy
Sun Nov 03, 2019 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: My Social Security not sending verification code
Replies: 20
Views: 1456

Re: My Social Security not sending verification code

michaeljc70 wrote:
Sun Nov 03, 2019 4:59 pm
Right- but if you switch from text to email or vice versa for verification they have to send you snail mail to get it done.
I guess you don't live where there is a SS brick and mortar office. If so maybe they could do it faster..

I checked mine and its working ok.
by Bronco Billy
Sun Nov 03, 2019 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: My Social Security not sending verification code
Replies: 20
Views: 1456

Re: My Social Security not sending verification code

I guess it shows the correct number? But if like mine it only shows the last four. Could it be possible one of the other digits is incorrect? What about saying "NO" it is no longer valid and must be changed and re-enter the number or try a new number to send txt too... Just a guess... :happy
by Bronco Billy
Tue Oct 15, 2019 11:25 pm
Forum: Personal Finance (Not Investing)
Topic: FAFSA - tips for filling out
Replies: 25
Views: 2749

Re: FAFSA - tips for filling out

You might read this thread.... I didn't know what I was doing and made a ton of mistakes but not sure it made any difference. I didnt read the fine print and found out i didn't know how to figure "Net Worth" Our income is pretty high but we will do another one this year to see if it help. Good Luck....
by Bronco Billy
Mon Oct 14, 2019 10:29 am
Forum: Personal Finance (Not Investing)
Topic: What’s the proper way to pay yourself in retirement?
Replies: 66
Views: 9070

Re: What’s the proper way to pay yourself in retirement?

Just to expand a little, in a taxable account, if you plan to spend some money, it does not make sense to reinvest distributions and then turn around and sell shares. Thank You .. So if your plan is to use SS, cash or savings from CD or annuities keep on reinvesting the gains. That is just unnecess...
by Bronco Billy
Tue Oct 01, 2019 10:12 am
Forum: Personal Investments
Topic: Edward Jones investment choices, how to find
Replies: 18
Views: 1592

Re: Edward Jones investment choices, how to find

I don't think EJ allows clients to directly choose anything. Her con, err, salesman may have some fact sheets available to read through I was able to pick the American funds I wanted. I was grandfathered and don't pay any AUM fee on old money. I dont put any new money in EJ. I have left my money wi...
by Bronco Billy
Sun Sep 22, 2019 1:14 pm
Forum: Personal Investments
Topic: Login to SSA.gov is a PAIN but ...
Replies: 9
Views: 1352

Re: Login to SSA.gov is a PAIN but ...

It's called two factor verification and can be set-up at many organizations, Fidelity included. I believe i have the two Factor set up but just trying to figure out a way I would be notified if my MONEY was moving out of my accounts. If you account gets hacked they would be start enough to disable ...
by Bronco Billy
Sun Sep 22, 2019 11:42 am
Forum: Personal Investments
Topic: Login to SSA.gov is a PAIN but ...
Replies: 9
Views: 1352

Re: Login to SSA.gov is a PAIN but ...

It's called two factor verification and can be set-up at many organizations, Fidelity included. I believe i have the two Factor set up but just trying to figure out a way I would be notified if my MONEY was moving out of my accounts. If you account gets hacked they would be start enough to disable ...
by Bronco Billy
Sun Sep 22, 2019 11:26 am
Forum: Personal Investments
Topic: Login to SSA.gov is a PAIN but ...
Replies: 9
Views: 1352

Login to SSA.gov is a PAIN but ...

I really hate to have to enter a 6 digit pin EACH time i login into the Social Security website but wouldn't we be so much safer if companies like VG and FIDO required that kind of pin sent to our phones to enter before any withdrawals or transfers. Would that not save our accounts from being HACKED...
by Bronco Billy
Sat Sep 14, 2019 12:17 pm
Forum: Investing - Theory, News & General
Topic: Fidelity beating vanguard now? switch to Fidelity?
Replies: 121
Views: 7035

Re: Vanguard is Falling Behind Compared to Fidelity

H-Town wrote:
Sat Sep 14, 2019 11:31 am
I wouldn't enjoy seeing anyone bending over backwards for my benefits.
I didn't ask or need Vanguard to bend over for me ....After waiting over 3 WEEKS trying to get a transfer sent, I just wanted Vanguard to do something.
by Bronco Billy
Sat Sep 14, 2019 12:12 pm
Forum: Investing - Theory, News & General
Topic: Fidelity beating vanguard now? switch to Fidelity?
Replies: 121
Views: 7035

Re: Vanguard is Falling Behind Compared to Fidelity

I agree. Vanguard customer service has slipped badly over the last 3 years or so. I also agree. I also have accounts at both but it seems FIDO is doing more to earn your business. With Vanguard you get NO action. With Vanguard I had to MAIL a transfer request 3 times and it was NEVER was Sent to Ja...
by Bronco Billy
Sun Sep 08, 2019 9:57 pm
Forum: Personal Investments
Topic: [Moving from Edward Jones to Vanguard]
Replies: 18
Views: 2205

Re: [Moving from Edward Jones to Vanguard]

Can you leave some money in the account and have everything but the cash transferred to whomever? Would that not be a way to keep the online account open and save the $95 closure fee?
by Bronco Billy
Sun Sep 01, 2019 9:58 am
Forum: Personal Investments
Topic: Inherited IRA investments
Replies: 13
Views: 1735

Re: Inherited IRA investments

celia wrote:
Sun Sep 01, 2019 12:08 am
You don't have to sell anything unless you're changing your holdings. You can take RMDs in-kind, meaning the shares will be pulled from the IRA and put into your taxable account.
If you move shares from Inherited IRA to you taxable account will you still pay taxes on that move?