Search found 5319 matches

by SpringMan
Tue Apr 10, 2018 10:46 am
Forum: Investing - Theory, News & General
Topic: Retirees: Who's increasing their equities as they age?
Replies: 74
Views: 5123

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

Our 40/60 portfolio has gradually been shifting towards 50/50 because we take RMDs from bonds and invest it in Tax Managed Small Cap fund in our taxable account.
by SpringMan
Tue Apr 03, 2018 2:34 pm
Forum: Investing - Help with Personal Investments
Topic: Index Admiral Shares or ETF's??
Replies: 20
Views: 1018

Re: Index Admiral Shares or ETF's??

Generally I prefer mutual funds but there are good reasons for ETFs. Many Vanguard sector specific index funds have 100K minimums for admiral shares, their ETF shares can be purchased in any integer share amount. REITs are the exception with 10K minimums for admiral class. Perhaps another case for u...
by SpringMan
Tue Apr 03, 2018 2:05 pm
Forum: Personal Consumer Issues
Topic: Microsoft tech support scam - how to recover?
Replies: 39
Views: 4175

Re: Microsoft tech support scam - how to recover?

Of course these scammers are not really Microsoft, they usually say they are with Windows technical support implying Microsoft. I tell them how strange this is since I am using a Mac at which time they hangup. They often direct users to the event manager which normally has some errors. They often ca...
by SpringMan
Tue Mar 27, 2018 1:20 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard sends out erroneous "not enough money in settlement fund" notice]
Replies: 94
Views: 6108

Re: Concerns with Vanguard

What was the computer glitch this morning? I had a Vanguard computer glitch this morning too, 3/27/2018. Maybe the OP's was different. Yesterday I bought a fund in our joint taxable account with what was in our settlement. The money in the settlement account was from an RMD that showed up from a sa...
by SpringMan
Tue Mar 27, 2018 7:35 am
Forum: Investing - Help with Personal Investments
Topic: Should I sell Wellington Fund Today?
Replies: 30
Views: 3920

Re: Should I sell Wellington Fund Today?

Also Wellington fund admiral just raised their expense ratio by a whopping one basis point from .16% to .17% :o .
by SpringMan
Sun Mar 11, 2018 1:59 pm
Forum: Investing - Help with Personal Investments
Topic: Should I Take MY RMD Now Or Wait Until Later In The Year?
Replies: 20
Views: 1616

Re: Should I Take MY RMD Now Or Wait Until Later In The Year?

I am taking my RMDs in quarterly installments and having tax withholding deducted from each. I was surprised by the way VBS handles state of MI. withholding. I put in 3% in the field and executed the transaction. They took out 4.5%. Why doesn't VBS validate the field upon data entry if it is not acc...
by SpringMan
Sun Mar 11, 2018 9:05 am
Forum: Personal Finance (Not Investing)
Topic: H&R Block vs TurboTax (spoiler: HRB is awful)
Replies: 70
Views: 6682

Re: H&R Block vs TurboTax (spoiler: HRB is awful)

Speaking of playing little games, TurboTax is guilty of that too in my opinion. I got fooled a few years ago. Here is what to watch out for with the TT Deluxe package. When filing the state using efile, don't let them pay for the efile with money from your refund. There is an extra fee for this on t...
by SpringMan
Sun Mar 04, 2018 5:00 am
Forum: Investing - Help with Personal Investments
Topic: Finally get it, Step 2 - Get rid of FA at Fidelity?
Replies: 65
Views: 4474

Re: Finally get it, Step 2 - Get rid of FA at Fidelity?

Financial advisors paid according to assets under management, AUM, may not give objective advise. Bad advise may benefit them. Questions on taking a pension or a lump sum settlement when the lump sum goes to AUM. Similarly true for any lump sum windfall. If asked should I pay down a mortgage or inve...
by SpringMan
Thu Mar 01, 2018 10:34 am
Forum: Investing - Help with Personal Investments
Topic: How can two mutual funds have the same symbol?
Replies: 1
Views: 398

How can two mutual funds have the same symbol?

I noticed yahoo finance recognizes VEGBX, Vanguard Emerging Markets Bond fund admiral, as Van Kampen Equity Growth B. with same symbol? By the way, Morningstar finally has added VEGBX to its database as the Vanguard Emerging Markets Bond fund.
by SpringMan
Mon Feb 19, 2018 4:03 pm
Forum: Investing - Theory, News & General
Topic: Understanding an ETF by it's Name
Replies: 24
Views: 887

Re: Understanding an ETF by it's Name

How about the Wellington and Wellesely funds? Those names don't seem to mean much at all. (Disclaimer: haven't invested in them.) They are not ETFs. Those are fine - as you said they don't mean anything. If you want to know what it means you need to crack open the prospectus. The SEC is more worrie...
by SpringMan
Mon Feb 19, 2018 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Downloading VG Brokerage to TT
Replies: 6
Views: 350

Re: Downloading VG Brokerage to TT

I had this problem shortly after VBS posted the 1099 form on the web. I just assumed I was too early and entered the information manually. Warning, I imported my Fidelity by downloading into TT. It was successful but had me as the sole owner of a joint account. This was easy to fix manually.
by SpringMan
Mon Feb 19, 2018 3:39 pm
Forum: Investing - Theory, News & General
Topic: Understanding an ETF by it's Name
Replies: 24
Views: 887

Re: Understanding an ETF by it's Name

randomizer wrote:
Mon Feb 19, 2018 3:36 pm
How about the Wellington and Wellesely funds? Those names don't seem to mean much at all. (Disclaimer: haven't invested in them.)
They are not ETFs.
by SpringMan
Mon Feb 19, 2018 3:30 pm
Forum: Investing - Help with Personal Investments
Topic: Best Investment Options with Zero Earned Income
Replies: 16
Views: 1066

Re: Best Investment Options with Zero Earned Income

Any chance you have a working spouse? If so that opens up IRA possibilities for a spousal IRA contribution for yourself. This could be a Roth or traditional your choice.
by SpringMan
Sun Feb 18, 2018 5:51 pm
Forum: Personal Consumer Issues
Topic: Do you wear a wedding band? [at a job interview]
Replies: 157
Views: 9844

Re: Do you wear a wedding band?

Not currently, my fingers out grew my 1970 era wedding band. Ditto for my college ring which I bought in 1969. Ditto for my wife too. She had hers made bigger but due to arthritis in her knuckles she can't wear them. We are both okay with no rings, been married over 47 years.
by SpringMan
Thu Feb 08, 2018 8:12 am
Forum: Investing - Help with Personal Investments
Topic: Converting Vanguard ETFs to Admiral Shares Workaround
Replies: 15
Views: 934

Re: Converting Vanguard ETFs to Admiral Shares Workaround

There is not anyway to avoid a taxable event going from ETFs to mutual funds assuming the holdings are in a taxable account. There is no such thing as an ETF to mutual fund conversion. Going the other direction for many Vanguard index funds (but not all) a conversion is possible and it is not a taxa...
by SpringMan
Fri Feb 02, 2018 8:35 am
Forum: Investing - Theory, News & General
Topic: Emerging Market Bond Fund Choice
Replies: 23
Views: 3068

Re: Emerging Market Bond Fund Choice

My VEGBX dividend just showed up too.
by SpringMan
Thu Feb 01, 2018 7:15 pm
Forum: Investing - Theory, News & General
Topic: Emerging Market Bond Fund Choice
Replies: 23
Views: 3068

Re: Emerging Market Bond Fund Choice

I bought VEGBX last week in a Roth. Our stock/bond target needed to be rebalanced due to the recent equity run up. Morningstar does not recognize VEGBX (admiral shares) but does recognize VEMBX (investor shares). They have been notified, in the meantime I use VEMBX for portfolio xray purposes. Spri...
by SpringMan
Sat Jan 27, 2018 5:50 pm
Forum: Investing - Help with Personal Investments
Topic: VSMGX compared to VBIAX
Replies: 3
Views: 528

Re: VSMGX compared to VBIAX

I like VBIAX slightly better of the two but Wellington fund is my personal choice for a Vanguard moderate balanced fund. These funds are best held in a tax advantaged account or if in a low tax bracket, otherwise there is a Tax Managed Balanced fund that is very good.
by SpringMan
Wed Jan 24, 2018 8:24 am
Forum: Investing - Theory, News & General
Topic: Post Your Morningstar Box Style
Replies: 88
Views: 5992

Re: Post Your Morningstar Box Style

In retirement since 2004.

39% Stocks (28% international, 72% domestic)
21 20 24
8 9 9
3 3 2

61% Bonds (primarily domestic VBTLX, with some emerging markets, VEGBX, and some PIMIX, PIMCO Income)
0 35 0
0 22 0
12 0 0
by SpringMan
Tue Jan 23, 2018 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: What did you do with your first RMD withdrawal money?
Replies: 69
Views: 5950

Re: What did you do with your first RMD withdrawal money?

After being fully retired for several years I decided to take a part time job with a food catering company to keep myself occupied. That qualifies me for a Roth IRA so part of my RMD pays state and federal taxes, part into a Roth and the rest into Vanguard personal account . Not your situation but ...
by SpringMan
Tue Jan 23, 2018 8:35 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Advisor Recommendation
Replies: 9
Views: 829

Re: Vanguard Advisor Recommendation

If you go with a single fund solution, consider you may not need VPAS anymore.
by SpringMan
Sun Jan 21, 2018 4:36 pm
Forum: Personal Consumer Issues
Topic: Medical Appointment Cancellation Policies/Fees
Replies: 36
Views: 2196

Re: Medical Appointment Cancellation Policies/Fees

I had an appointment with my primary care doctor and found out at the last minute my wife had accidentally taken off with my car keys as well as her own. I called his office, explained the situation and rescheduled. There was no charge even though there is a sign displayed in his office about fees f...
by SpringMan
Sun Jan 21, 2018 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Turbotax Online vs CD/download
Replies: 11
Views: 1544

Re: Turbotax Online vs CD/download

I bought the TT Deluxe CD with one state form for $40. My CD reader on my old desktop stopped working so I looked at the download version. The CD version was $40 and the download version was $50 on Amazon which makes no sense to me. I bought a $20 external USB optical drive and the TT disk loaded fi...
by SpringMan
Sat Jan 13, 2018 9:34 am
Forum: Investing - Help with Personal Investments
Topic: FHIGX (Fidelity Municipal Income) as a "second tier" saving s/emergency fund?
Replies: 7
Views: 555

Re: FHIGX (Fidelity Municipal Income) as a "second tier" saving s/emergency fund?

Nothing wrong with this fund but cheaper Vanguard equivalents are available. I am a Michigan resident and have considered FMHTX, Fidelity Michigan Municipal Income fund, with ER of .49% because Vanguard does not offer a Michigan state specific fund. Have not pulled the trigger yet.
by SpringMan
Fri Jan 12, 2018 10:09 am
Forum: Investing - Help with Personal Investments
Topic: Looking for Best Alternatives for VTMFX
Replies: 7
Views: 662

Re: Looking for Best Alternatives for VTMFX

No but maybe by doing so you could hold all your bond allocation in your IRAs and not bother with tax exempts in you taxable account.
by SpringMan
Fri Jan 12, 2018 9:29 am
Forum: Investing - Help with Personal Investments
Topic: Looking for Best Alternatives for VTMFX
Replies: 7
Views: 662

Re: Looking for Best Alternatives for VTMFX

The alternative is two funds instead of one with 50% in each. If Emerald City is in a state with an income tax, consider a state specific municipal bond fund for that state. Stock fund could be total stock market. Doing two funds may give you more tax loss harvesting possibilities. Also consider an ...
by SpringMan
Sun Jan 07, 2018 1:01 pm
Forum: Investing - Theory, News & General
Topic: Emerging Market Bond Fund Choice
Replies: 23
Views: 3068

Re: Emerging Market Bond Fund Choice

I bought VEGBX last week in a Roth. Our stock/bond target needed to be rebalanced due to the recent equity run up. Morningstar does not recognize VEGBX (admiral shares) but does recognize VEMBX (investor shares). They have been notified, in the meantime I use VEMBX for portfolio xray purposes.
by SpringMan
Thu Dec 28, 2017 4:55 pm
Forum: Investing - Theory, News & General
Topic: S&P500 Indexing stay away? - does article make valid points?
Replies: 18
Views: 2863

Re: S&P500 Indexing stay away? - does article make valid points?

They are talking about ETFs which they say are untested. I do remember the "flash crash" which miss-priced many ETFs. I owned VG Large Cap index fund, VLACX, which has ETF share class VV. VV went nuts during the trading day but the mutual fund VLCAX was fine at the end of the day. Regarding FAANG st...
by SpringMan
Wed Dec 20, 2017 3:29 pm
Forum: Investing - Help with Personal Investments
Topic: Milestone
Replies: 5
Views: 540

Re: Milestone

If you have been investing for a long time it certainly is possible to make seven figures in earnings. The rule of 72 says divide the rate of return into 72 and that is how long it takes money to double.
by SpringMan
Wed Dec 20, 2017 11:51 am
Forum: Investing - Help with Personal Investments
Topic: Milestone
Replies: 5
Views: 540

Re: Milestone

Congrats but my guess is you don't mean total gains of $1M but rather account value which includes original cost basis plus gains/losses.
by SpringMan
Tue Dec 19, 2017 3:09 pm
Forum: Investing - Help with Personal Investments
Topic: adding mid cap and REIT to VTSAX - wise ?
Replies: 5
Views: 603

Re: adding mid cap and REIT to VTSAX - wise ?

Small caps over time returned a couple percent more than large caps albeit with more risk. Mid caps over time return somewhere in between. I would not say tilting is wise but nothing wrong with it. Personal preference as nothing wrong with simple either. Only use a tax advantaged account for REITs i...
by SpringMan
Tue Dec 19, 2017 2:52 pm
Forum: Investing - Help with Personal Investments
Topic: Second Opinions on my Current Allocation 21y.o.
Replies: 10
Views: 1442

Re: Second Opinions on my Current Allocation 21M

Suggestion would be that the OP edit the title of their post if they really don't have an allocation of 21 M. I was a bit curious how a child of poor alcoholic parents inherited 21 million.
by SpringMan
Sun Dec 17, 2017 8:25 pm
Forum: Investing - Theory, News & General
Topic: Do you have bonds in Roths as a retiree?
Replies: 35
Views: 2984

Re: Do you have bonds in Roths as a retiree?

Our tax deferred accounts are all bond funds. Our taxable accounts are all index stock funds both domestic and foreign. Our Roths contain some bonds too, Wellesley income for example. Overall we are 60/40, bonds to stocks (age-10 in bonds).
by SpringMan
Wed Dec 13, 2017 9:36 pm
Forum: Investing - Theory, News & General
Topic: Is Nationwide a good company?
Replies: 10
Views: 1442

Re: Is Nationwide a good company?

Nationwide is on your side. Was there ever a better sign that a company is not, if fact "on your side"? https://www.aol.com/article/news/2017/11/21/elderly-couple-suing-police-nationwide-insurance-after-hibiscus-gets-mistaken-for-marijuana-growing-operation/23284583/ Nationwide was not on their side.
by SpringMan
Sun Dec 10, 2017 12:34 pm
Forum: Investing - Theory, News & General
Topic: Why is Vanguard switching all accounts to brokerage accounts?
Replies: 65
Views: 9974

Re: Why is Vanguard switching all accounts to brokerage accounts?

Seems like converting an IRA to a Roth now requires using the MM settlement account rather than in-kind conversion at VBS. Try to verify this. I just tested an exchange of shares in a Vg fund from taxable to ROTH and it appeared it was allowed. (I didn't actually submit the trade request.) I verifi...
by SpringMan
Sun Dec 10, 2017 10:50 am
Forum: Investing - Help with Personal Investments
Topic: Recommendation Best fund for retirees in taxable
Replies: 20
Views: 901

Re: Recommendation Best fund for retirees in taxable

Vanguard's Tax Managed Balanced fund, VTMFX, is 50% US stocks and 50% tax exempt bonds might fit. The down side of not holding pure stock funds or pure TE bond funds in a taxable account is you may lose tax loss harvesting possibilities and more difficulty rebalancing.
by SpringMan
Sun Dec 10, 2017 10:36 am
Forum: Investing - Help with Personal Investments
Topic: Dividends ETF
Replies: 7
Views: 709

Re: Dividends ETF

Almost all ETFs pay dividends, so if you mean the dividend-paying Total US Stock Market index ETF like VTI or ITOT or the Total International Stock Market Index ETF like VXUS or ACWX, then Yes! It is very wise to have such ETFs in your taxable account if they will not fit into your Roth IRA or your...
by SpringMan
Sun Dec 10, 2017 10:29 am
Forum: Investing - Theory, News & General
Topic: Why is Vanguard switching all accounts to brokerage accounts?
Replies: 65
Views: 9974

Re: Why is Vanguard switching all accounts to brokerage accounts?

You lose some options when going to a VG Brokerage account but you gain some too. I never cared for the multiple accounts web presentation when you hold ETFs (even Vanguard's free to trade ones). I always preferred Fidelity's presentation. I was happy to convert to VG Brokerage. In doing the convers...
by SpringMan
Sat Dec 09, 2017 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: What did you do with your first RMD withdrawal money?
Replies: 69
Views: 5950

Re: What did you do with your first RMD withdrawal money?

After being fully retired for several years I decided to take a part time job with a food catering company to keep myself occupied. That qualifies me for a Roth IRA so part of my RMD pays state and federal taxes, part into a Roth and the rest into Vanguard personal account . Not your situation but ...
by SpringMan
Fri Dec 08, 2017 9:26 am
Forum: Personal Finance (Not Investing)
Topic: What did you do with your first RMD withdrawal money?
Replies: 69
Views: 5950

Re: What did you do with your first RMD withdrawal money?

Our first RMD was this year. It was my spouse's. Next year we both have RMDs. Mine is almost 4 times hers. Federal taxes were withheld and the remainder reinvested in a joint taxable account. Coincidentally we made an equal contribution to our grandkids college plans
by SpringMan
Sat Nov 11, 2017 12:23 pm
Forum: Investing - Theory, News & General
Topic: Retirees: I got this!!
Replies: 82
Views: 10562

Re: Retirees: I got this!!

I don't feel comfortable if long term care is in our future. Do not have LTC insurance because of negatives I have heard. There is risk associated with self insuring. I think this is a concern for those even with insurance. Mad Money's host Jim Cramer claimed it cost him more in lawyer's fees than t...
by SpringMan
Sat Nov 11, 2017 11:46 am
Forum: Investing - Theory, News & General
Topic: Yay, my question was answered by Jack
Replies: 40
Views: 4148

Re: Yay, my question was answered by Jack

Tax Managed Balanced fund may make more sense IMO if one is using a taxable account. It is 50/50 stock/bond rather than 60/40.
by SpringMan
Thu Nov 09, 2017 12:13 pm
Forum: Personal Consumer Issues
Topic: Is the new Chevy Equinox any good?
Replies: 59
Views: 6884

Re: Is the new Chevy Equinox any good?

As a GM retiree I get an employee discount. I also get a Chrysler discount through one of my sons. We test drove a Dodge Journey and the Equinox. I did not like the dealer/salesman tactics and the high doc fee that the Dodge dealer wanted to charge. My sister has a Honda CRV and has been good for he...
by SpringMan
Wed Nov 08, 2017 8:30 am
Forum: Investing - Theory, News & General
Topic: "I took all my money out of the stock market and it feels amazing"
Replies: 69
Views: 9671

Re: "I took all my money out of the stock market and it feels amazing"

I have a friend that sold all his taxable account stocks a couple years ago locking in his profits. Because of this one year income bump, he and his jointly filing spouse were hit with higher medicare payments. This came as a complete surprise to them though it should not have. He never got back in ...
by SpringMan
Sun Nov 05, 2017 7:52 am
Forum: Investing - Help with Personal Investments
Topic: PRIMECAP Fund
Replies: 63
Views: 3523

Re: PRIMECAP Fund

I am a fan of PRIMECAP fund. Held it for years but sold it when I started obsessing about low expense ratios. Bought it back recently in my wife's Roth. It is limited to 25K per year so I am waiting to add another 25K for admiral shares. Ditto for Capital Opportunity fund. I like PRIMECAP Core as we...
by SpringMan
Sun Oct 29, 2017 4:00 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Managed Balanced Fund vs Total Stk Mkt plus Tax Exempt Bond Index
Replies: 28
Views: 2595

Re: Tax Managed Balanced Fund vs Total Stk Mkt plus Tax Exempt Bond Index

In a state with an income tax, I might use a state specific tax exempt bond fund. Unfortunately Vanguard does not have a Michigan TE bond fund. Fidelity does have such a fund, FMHTX but the ER is .49%. I am torn between a national Vanguard Tax Exempt fund with a decent ER and the MI Tax Exempt bond ...
by SpringMan
Sun Oct 29, 2017 10:32 am
Forum: Personal Finance (Not Investing)
Topic: VG free turbo tax?
Replies: 26
Views: 2514

Re: VG free turbo tax?

Fidelity's website does not mention free turbo tax as a benefit. If this benefit exists for larger accounts you would think they would advertise it.
by SpringMan
Sun Oct 29, 2017 9:32 am
Forum: Personal Finance (Not Investing)
Topic: What was the main reason you retired?
Replies: 210
Views: 17278

Re: What was the main reason you retired?

Retired at 57 and am now 70. I still have PTSD from my years of working for EDS (Electronic Data Systems). I had a good job at of GM in 1984 when GM bought EDS and transferred their computer people to EDS. Though at the time EDS was a wholly owned subsidiary of GM, it had its own set of inferior ben...
by SpringMan
Sun Oct 29, 2017 9:05 am
Forum: Personal Consumer Issues
Topic: New TV, what's important?
Replies: 42
Views: 3435

Re: New TV, what's important?

Be sure to check that the TV actually has a tuner builtin. IMO any TV without a tuner should be called a monitor and not a TV but some brands don't do that. Many folks want to get over the air TV with an antenna and keep the option of cord cutting open. Today I would probably go for 4K and HDR but s...
by SpringMan
Sun Oct 29, 2017 8:40 am
Forum: Personal Finance (Not Investing)
Topic: VG free turbo tax?
Replies: 26
Views: 2514

Re: VG free turbo tax?

Fidelity does not offer free TT either. Last year Fidelity offered a discount on TT. When I looked into it, I could get the same discount from Amazon so no big deal. Maybe Fidelity has different perks for super sized accounts. I am more minnow sized than whale sized.