Search found 786 matches

by RickBoglehead
Wed Oct 17, 2018 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Where would you go for financial guidance if you win the Megamillions?
Replies: 49
Views: 2451

Re: Where would you go for financial guidance if you win the Megamillions?

I would look for legal advice, not financial advice, at least initially. Setting up the proper legal entities to shelter the riches from the public eye, and also to possibly claim the prize without divulging my identity. On the financial side, I'd be looking for tax advice. I wouldn't do any esoteri...
by RickBoglehead
Wed Oct 17, 2018 6:52 pm
Forum: Investing - Help with Personal Investments
Topic: Evaluation of Portfolio
Replies: 2
Views: 260

Re: Evaluation of Portfolio

I think I must be missing something. The portfolio has too much in stocks and too little in bonds. The only solution is to sell something on the stock side. Do this for living expenses and do more if needed to get back close to the target of 60% bonds. I gather the retiree does not wish to sell the...
by RickBoglehead
Wed Oct 17, 2018 3:06 pm
Forum: Personal Consumer Issues
Topic: Would you ever buy a lottery ticket?
Replies: 32
Views: 1116

Re: Would you ever buy a lottery ticket?

No. I've bought maybe 1/2 dozen in my lifetime, but never again. Have relatives that give them as gifts, my wife got $8 worth for her birthday and got a $2 payout. Same relatives are always tight for money...
by RickBoglehead
Wed Oct 17, 2018 12:46 pm
Forum: Investing - Help with Personal Investments
Topic: Evaluation of Portfolio
Replies: 2
Views: 260

Evaluation of Portfolio

No, this isn't a request on the same portfolio provided earlier. This is for a Retiree who has their investments managed by the OP. Emergency funds: 1 month, sell investments every few months depending on dividend / interest / capital gain flow. Debt: Mortgage 3%, balance of $170,000. Refinanced in ...
by RickBoglehead
Wed Oct 17, 2018 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 144
Views: 11145

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

Does a push from Vanguard to Ally qualify for this bonus once you register your email? Vanguard does not show up while setting up external accounts thru Ally. Yes, you can send from Vanguard to Ally, assuming you have setup your Ally on Vanguard to send to. No, you cannot pull from Vanguard to Ally...
by RickBoglehead
Wed Oct 17, 2018 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 144
Views: 11145

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

For those trying to figure out how to get funds from Vanguard to Ally as separate people, and worried about the amount of time it might take Vanguard to setup Ally as a bank, here's what I'm doing: 1) On a different online bank, my spouse signed in and created an INDIVIDUAL account, in addition to o...
by RickBoglehead
Wed Oct 17, 2018 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 144
Views: 11145

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

Does a push from Vanguard to Ally qualify for this bonus once you register your email? Vanguard does not show up while setting up external accounts thru Ally. Yes, you can send from Vanguard to Ally, assuming you have setup your Ally on Vanguard to send to. No, you cannot pull from Vanguard to Ally...
by RickBoglehead
Wed Oct 17, 2018 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 144
Views: 11145

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

I emailed Ally yesterday with this question: Says funds must be deposited by 10/31/18 in one place, 11/5/18 in another. Which is it? Answer: 11/5/18. They also said: he promotion is based on an overall increase in funds to your account during the funding period. If you withdraw funds and deposit the...
by RickBoglehead
Wed Oct 17, 2018 7:54 am
Forum: Investing - Help with Personal Investments
Topic: Evaluation of Portfolio
Replies: 2
Views: 202

Re: Evaluation of Portfolio

I recommend consolidating your bond holdings into one fund that covers the market at a low cost. VBILX is an excellent choice as it is 50% govt/treasury and 50% investment Grade corporate. You apparently do not have to worry about capital gains with bonds so this should be an easy thing to do and s...
by RickBoglehead
Wed Oct 17, 2018 7:19 am
Forum: Investing - Help with Personal Investments
Topic: Evaluation of Portfolio
Replies: 2
Views: 202

Evaluation of Portfolio

Joined 8 months ago, been soaking in all the info on the site as well as reading several of the recommended texts. Finally felt it was worth getting other perspectives, I've always self-managed our investments, and over the years have made some mistakes (individual stocks, tech investments before th...
by RickBoglehead
Tue Oct 16, 2018 7:48 pm
Forum: Investing - Help with Personal Investments
Topic: Adding significant contribution to grandson's Utah 529
Replies: 6
Views: 535

Re: Adding significant contribution to grandson's Utah 529

You can gift $70000 per grand parent (5 year) to a 529 plan. Utah (vanguard) has static fund plan or aged based. I like the static one because of low fee and better control of AA. You have 10 years to let it grow. Not very long horizon. 60/40 (40US/20intl/40bond) or 70/30 (40US/30Intl/30bond) balan...
by RickBoglehead
Tue Oct 16, 2018 6:49 pm
Forum: Investing - Help with Personal Investments
Topic: "MegaMillions and Powerball jackpots combined are now $1B" - Good investment?
Replies: 55
Views: 2660

Re: "MegaMillions and Powerball jackpots combined are now $1B" - Good investment?

I am thinking of purchasing $10 worth of tickets for each. I understand by math it's almost equal to throwing cash in sewage. But counting in two exciting and expecting nights before the drawing time, I guess the 20 bucks investment is worthwhile? :mrgreen: https://www.cnn.com/2018/10/16/us/megamil...
by RickBoglehead
Tue Oct 16, 2018 6:46 pm
Forum: Personal Consumer Issues
Topic: Jury duty - already booked vacation
Replies: 35
Views: 3713

Re: Jury duty - already booked vacation

jharkin wrote:
Tue Oct 16, 2018 11:23 am
The summons should have information about deferrals, hardship exemptions and transfer requests + a phone number to call and discuss special circumstances.
This ^^^^
by RickBoglehead
Tue Oct 16, 2018 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 144
Views: 11145

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

How risky would it be to deposit an amount that would bring my balance over the FDIC limit for those 3 months? In what scenarios would the difference between the balance and the FDIC limit be lost? And just to make sure, during the 3 months period, would I be able to move the money between Ally acc...
by RickBoglehead
Tue Oct 16, 2018 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 144
Views: 11145

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

The actual calculation for measurement data / balance is still unclear to me. Here is my exact situation: 10/5 balance = $273k 10/9 credit = -250k (mortgage paydown) 10/9 debit = +5.3k (online check deposit) 10/10 debit = +1k (ACH in) 10/15 debit = +85k (ACH in) 10/16 debit = +0.5k (ACH in) So curr...
by RickBoglehead
Tue Oct 16, 2018 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 144
Views: 11145

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

What's the risk here? I can't figure out why Ally is just throwing away money. 1/15/19 seems like an awfully short amount of time. If Ally goes bankrupt, we're covered by FDIC, correct? Yep, it's odd, but I suppose it's on par with the brokerage transfer bonuses and the belief that it will lead to ...
by RickBoglehead
Tue Oct 16, 2018 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 144
Views: 11145

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

I have never chased rewards, so I have a logistical question. All of my money is in my local credit union. How do I get such a significant chunk moved externally? In order to put a down payment on my mortgage I had to do a wire transfer, at something like $50 cost. To get my money to and from Ally,...
by RickBoglehead
Tue Oct 16, 2018 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 144
Views: 11145

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

What's the risk here? I can't figure out why Ally is just throwing away money. 1/15/19 seems like an awfully short amount of time. If Ally goes bankrupt, we're covered by FDIC, correct? You have some belief that Ally is near bankruptcy? :oops: https://media.ally.com/2018-07-26-Ally-Financial-Report...
by RickBoglehead
Tue Oct 16, 2018 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Home Insurance Policy
Replies: 2
Views: 264

Re: Home Insurance Policy

You might want to ask them what this is for... Then, when you understand it you can decide if you want/need to purchase it. A quick Google search shows that it might be "EXTENDED DWELLING REPLACEMENT COST COVERAGE TO 150% OF STATED COVERAGE A LIMIT". So then the obvious questions are: - versus what?...
by RickBoglehead
Tue Oct 16, 2018 9:09 am
Forum: Investing - Help with Personal Investments
Topic: How to invest maturing CDs
Replies: 9
Views: 803

Re: How to invest maturing CDs

You can buy brokered CDs at Vanguard.
by RickBoglehead
Tue Oct 16, 2018 7:42 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 144
Views: 11145

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

I'm worried about the withdrawals clause: "Withdrawals made during the Retention Period may reduce the Cash Bonus amount. Cash Bonus payout will occur within 30 calendar days following fulfillment of these requirements." Does this mean that any withdrawals made prior to 1/15 will reduce the cash bo...
by RickBoglehead
Tue Oct 16, 2018 6:31 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 144
Views: 11145

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

Almost 5% yield for a couple of months plus whatever interest you're getting from the account it's in? Seems too good to be true...? I figure 1% for 3 months (10/15 to 1/15) = 4% APR + 1.9% APR = 5.9% APR for the 3 month period. It's actually higher. Funds don't need to arrive until 10/31, so they ...
by RickBoglehead
Mon Oct 15, 2018 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 144
Views: 11145

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

Was going to sell bonds for TLH, now I know where to park it. aaagh I have a large CD in transit from Northwest Federal Credit Union - lots of us have these 3% CDs maturing this month. I enrolled but I'll be surprised if I get the bonus since I initiated the transfer from Ally last Friday. The 2.5% ...
by RickBoglehead
Mon Oct 15, 2018 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Gift for two of four grandchildren
Replies: 18
Views: 2170

Re: Gift for two of four grandchildren

My mother has already gifted $25K each to two of her four grandchildren, done in two payments each over two calendar years for tax purposes. This is her gift for the grandchildren going to college. There are two more grandchildren who are a few years younger. Grandma is not in great health. Grandma...
by RickBoglehead
Mon Oct 15, 2018 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Girlfriend lost job, getting a lump sum severance... What should we do next
Replies: 36
Views: 3023

Re: Girlfriend lost job, getting a lump sum severance... What should we do next

A couple of things. 1) The day after she is laid off, she should file for unemployment compensation. 2) Her lump sum payment may be taxed as a lump sum payment, even higher than her normal paycheck, at least from a withholding standpoint. 3) Spending $40 - $45,000 on a wedding is simply nuts, IMO. S...
by RickBoglehead
Mon Oct 15, 2018 9:49 am
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 368
Views: 32914

Re: free dinner investing seminar

I don't get the angst over taking advantage of a free meal. Look at it this way, they invited you, so you're doing the polite thing by accepting their invitation. Angst - a feeling of deep anxiety or dread, typically an unfocused one about the human condition or the state of the world in general. D...
by RickBoglehead
Mon Oct 15, 2018 9:43 am
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 368
Views: 32914

Re: free dinner investing seminar

Howard Donnelly wrote:
Mon Oct 15, 2018 9:00 am
It's obvious that some of you are just mooches.
Mooch: "to get or take without paying or at another's expense; sponge."
This ^^^
by RickBoglehead
Mon Oct 15, 2018 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Long-term Care Insurance
Replies: 84
Views: 3514

Re: Long-term Care Insurance

We researched this option and decided to not pursue after reading dozens of accounts of people stuck in a situation where the premiums rose dramatically or companies left the business. Articles worth reading, all under the heading "Unprepared": Millions Bought Insurance to Cover Retirement Health Co...
by RickBoglehead
Mon Oct 15, 2018 9:31 am
Forum: Investing - Help with Personal Investments
Topic: help with personal finance and alternatives
Replies: 7
Views: 439

Re: help with personal finance and alternatives

A couple of points. First, you could have acted on this when you left that company. Second, if you had the opportunity to participate in the 401k of the new company that you knew you were going to leave, you should have done that. If you roll it over to an IRA, they will put it in a Rollover IRA, no...
by RickBoglehead
Sun Oct 14, 2018 6:54 pm
Forum: Investing - Help with Personal Investments
Topic: Determining capital gains?
Replies: 16
Views: 410

Re: Determining capital gains?

Vanguard shows the cost basis online.
by RickBoglehead
Sun Oct 14, 2018 6:44 pm
Forum: Personal Consumer Issues
Topic: Failing Updates With Windows 7 Professional
Replies: 16
Views: 733

Re: Failing Updates With Windows 7 Professional

Windows 7 was released in 2009. Support ended. Updates must be paid for now. I am unsure how you pay and install on Professional. Windows 10 is stable. I work it hard every day for years. It is time. Not correct. Microsoft ended mainstream support for Windows 7 on January 13, 2015, but extended sup...
by RickBoglehead
Sun Oct 14, 2018 12:54 pm
Forum: Personal Consumer Issues
Topic: Need new email address. Gmail or ???
Replies: 70
Views: 5011

Re: Need new email address. Gmail or ???

While our privacy is increasingly at risk, one needs to understand what goes on today with GMail. None of your emails are private, Google not only scans your emails for data but lets 3rd parties do the same. So when you type in that email you're sending, realize that machines are reading that and se...
by RickBoglehead
Sun Oct 14, 2018 11:20 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Retirement funds
Replies: 5
Views: 660

Re: Vanguard Retirement funds

It is important that you understand that by moving from the 2020 fund to the 2025 fund, you will be increasing your stock exposure from about 53% to 63% for your investment. This chart has the specifics: https://institutional.vanguard.com/VGApp/iip/site/institutional/investments/portfoliodetails?fu...
by RickBoglehead
Sun Oct 14, 2018 8:15 am
Forum: Personal Finance (Not Investing)
Topic: Joint Home Owners - Property Tax and Mortgage Deductions
Replies: 9
Views: 993

Re: Joint Home Owners - Property Tax and Mortgage Deductions

You should consult a California estate attorney.
by RickBoglehead
Sun Oct 14, 2018 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Savings account or Vanguard MM?
Replies: 4
Views: 504

Re: Savings account or Vanguard MM?

Ally allows multiple accounts, Vanguard has mins and not really designed for that.
by RickBoglehead
Sat Oct 13, 2018 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: Will or Trust?
Replies: 9
Views: 870

Re: Will or Trust?

Peter Foley wrote:
Sat Oct 13, 2018 6:44 pm
One of the reasons to have a trust is a need to have a trustee control assets after death. Is that an issue here?

Does Texas have transfer on death deeds?
Yes they do. That's what a Lady Bird deed is.

Florida, Texas, Michigan, Vermont, and West Virginia.
by RickBoglehead
Sat Oct 13, 2018 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: I'm an employer looking to get the best 401k deal for my employees!
Replies: 17
Views: 1195

Re: I'm an employer looking to get the best 401k deal for my employees!

Both Vanguard and Fidelity do this. As someone that has found Fidelity's NetBenefits service to be appalling, I'd suggest looking elsewhere, especially on a small program where you won't matter.

https://institutional.vanguard.com/web/ ... plan/focus
by RickBoglehead
Sat Oct 13, 2018 8:20 pm
Forum: Personal Consumer Issues
Topic: Suit for Teenager
Replies: 18
Views: 1174

Re: Suit for Teenager

Kohl’s.
by RickBoglehead
Sat Oct 13, 2018 10:23 am
Forum: Personal Consumer Issues
Topic: FYI for anyone leasing a Ford
Replies: 6
Views: 780

Re: FYI for anyone leasing a Ford

You could have bought it, kept it for a year, and then sold it when you buy a new one. Hopefully you ran those numbers.
by RickBoglehead
Sat Oct 13, 2018 10:22 am
Forum: Personal Consumer Issues
Topic: Not convinced with insurance
Replies: 45
Views: 3448

Re: Not convinced with insurance

I come to visit you at your house, and I trip/slip on the front walk and hit my head. I'm in the hospital for weeks, have brain damage, and spend my life in a rehab facility. My wife is going to go after your assets as well as you lifetime earnings to pay for my care. That's why you carry more than ...
by RickBoglehead
Sat Oct 13, 2018 9:38 am
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 368
Views: 32914

Re: free dinner investing seminar

I'm always perplexed at the effort that some people put into getting free things, or very discounted things, that show little valuation for their time or personal information. When a business invites people to a seminar, as others have stated they spend money that the people that do business with th...
by RickBoglehead
Sat Oct 13, 2018 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Buy new car with 25% tax credit vs. Keep old car
Replies: 9
Views: 898

Re: Buy new car with 25% tax credit vs. Keep old car

The purchase price of the 10 year old car is irrelevant. Make sure you'll actually get the full tax credit. If you evaluate this from a financial aspect, it never makes any sense to not keep the old vehicle unless you have a catastrophic failure. We just sold our 9 year old vehicle for $8,500, paid ...
by RickBoglehead
Sat Oct 13, 2018 6:25 am
Forum: Personal Finance (Not Investing)
Topic: Source of Funds - HSA ?
Replies: 3
Views: 302

Re: Source of Funds - HSA ?

Are you still covered by a HDHP (high deductible health plan)? If no, or if collecting Medicare, you cannot contribute to an HSA. If ypu do have an HDHP, you can rollover an IRA into it, subject tomthe annual contribution limit, once in your lifetime. If you funded an HSA without being covered by a ...
by RickBoglehead
Fri Oct 12, 2018 10:28 pm
Forum: Personal Finance (Not Investing)
Topic: Filed 1040 extension, do I mail my return to where I normally would mail to?
Replies: 3
Views: 263

Re: Filed 1040 extension, do I mail my return to where I normally would mail to?

I filed a 1040 extension and it's obviously due Monday. I went to IRS.gov, but it's not clear if I would mail it to the same place as if its April 15? Do you typically mail to your location or do you have to send it somewhere else? I've never done an extension prior to this year so not sure. I'm as...
by RickBoglehead
Fri Oct 12, 2018 10:26 pm
Forum: Personal Finance (Not Investing)
Topic: Bank lost beneficiary paperwork, says must go through probate
Replies: 18
Views: 2494

Re: Bank lost beneficiary paperwork, says must go through probate

FIL was responsible to keep copies of all forms and check his designations yearly. Without proof, she has no options.
by RickBoglehead
Fri Oct 12, 2018 10:06 pm
Forum: Investing - Help with Personal Investments
Topic: Help picking Broker
Replies: 8
Views: 740

Re: Help picking Broker

TLH isn't an investment strategy IMO.
by RickBoglehead
Fri Oct 12, 2018 8:17 am
Forum: Personal Consumer Issues
Topic: TV recommendation for my father
Replies: 47
Views: 1668

Re: TV recommendation for my father

Several points: 1) I have experience giving an elderly person "new-fangled" technology. It was a miserable failure. My FIL never had cable, always had a rotating antenna on the roof, and used digital converter boxes when analog TV went away. He was able to rotate the antenna, tune the digital box, a...
by RickBoglehead
Thu Oct 11, 2018 10:10 am
Forum: Investing - Help with Personal Investments
Topic: Which market should I go for, to profit most from the correction?
Replies: 35
Views: 3020

Re: Which market should I go for, to profit most from the correction?

Puzzling why the OP comes to this forum, when he's buying stocks, not low-priced index mutual funds.

I need to invest the second 50% of my ROTH IRAs as well as my i401k (employer contribution), so I'll be doing that in the next few days. But not into stocks, into index funds.