Search found 141 matches

by bradinsky
Sat Oct 19, 2019 6:55 am
Forum: Personal Investments
Topic: Got tricked into a VUL, $40K already in - Need advice with my options
Replies: 22
Views: 2858

Re: Got tricked into a VUL, $40K already in - Need advice with my options

Sorry to see that you were sold something so inappropriate for your age & situation at the time. Leave now! Take what money you can from this, and consider it a life lesson. Do not invest your money into anything YOU do not fully understand!
by bradinsky
Fri Oct 18, 2019 11:11 am
Forum: Personal Investments
Topic: social security 'extra security' feature?
Replies: 25
Views: 1992

Re: social security 'extra security' feature?

So sorry everyone! That wasn’t there last time I logged in.
by bradinsky
Fri Oct 18, 2019 10:24 am
Forum: Personal Investments
Topic: social security 'extra security' feature?
Replies: 25
Views: 1992

Re: social security 'extra security' feature?

The only”extra” security is the code they text to you after you log in with your password.
by bradinsky
Fri Oct 18, 2019 10:10 am
Forum: Personal Investments
Topic: social security 'extra security' feature?
Replies: 25
Views: 1992

Re: social security 'extra security' feature?

They send you a letter to your house with a code that you enter. It proves that not only can you answer all of the questions asked during regular registration, it proves you also live at the address Social Security has on file for you. Thanks, was aware of the USPS code, though, "that" is the featu...
by bradinsky
Fri Oct 18, 2019 9:11 am
Forum: Personal Investments
Topic: social security 'extra security' feature?
Replies: 25
Views: 1992

Re: social security 'extra security' feature?

I use it. See post above.
by bradinsky
Fri Oct 18, 2019 7:59 am
Forum: Personal Investments
Topic: social security 'extra security' feature?
Replies: 25
Views: 1992

Re: social security 'extra security' feature?

It adds about an extra 40 seconds to my log in time. Based on the fact that I access my social security account once every year or so, it’s no big deal. As sophisticated as on line identity theft has become, I welcome the extra layer of security. If my password is ever compromised, without access t...
by bradinsky
Thu Oct 17, 2019 6:44 pm
Forum: Personal Investments
Topic: social security 'extra security' feature?
Replies: 25
Views: 1992

Re: social security 'extra security' feature?

It adds about an extra 40 seconds to my log in time. Based on the fact that I access my social security account once every year or so, it’s no big deal. As sophisticated as on line identity theft has become, I welcome the extra layer of security. If my password is ever compromised, without access to...
by bradinsky
Tue Oct 15, 2019 7:14 pm
Forum: Personal Investments
Topic: USAA dividends question
Replies: 5
Views: 434

Re: USAA dividends question

Just checking. :happy Otherwise it doesn’t make a lot of sense.
by bradinsky
Tue Oct 15, 2019 6:40 pm
Forum: Personal Investments
Topic: USAA dividends question
Replies: 5
Views: 434

Re: USAA dividends question

Is that the current number of shares you hold, or is that the number of shares held on 9/30?
by bradinsky
Tue Oct 15, 2019 6:01 pm
Forum: Personal Investments
Topic: Is VUSXX Really Safer Than FDIC Insured Bank Account?
Replies: 22
Views: 1881

Re: Is VUSXX Really Safer Than FDIC Insured Bank Account?

I believe joint accounts at FDIC participating banks are insured for $250K per account owner. Therefore, a couple could have $500K in a single account, and the full amount would be insured. Rest assured, if our banking system should ever fail, you shouldn’t expect Vanguard, Schwab or Fidelity to be ...
by bradinsky
Tue Oct 15, 2019 7:35 am
Forum: Personal Investments
Topic: How much to hold in cash?
Replies: 36
Views: 3278

Re: How much to hold in cash?

2 years in CDs, high yield MMA & checking. It helps my wife sleep well at night :happy
by bradinsky
Mon Oct 14, 2019 5:14 am
Forum: Personal Investments
Topic: Breaking from federal service and going fee basis - retirement options?
Replies: 4
Views: 426

Re: Breaking from federal service and going fee basis - retirement options?

Does “breaking federal service” mean that you are quitting, or just taking a break?
by bradinsky
Thu Oct 10, 2019 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: GE Pension Buyout
Replies: 77
Views: 8773

Re: GE Pension Buyout

Even though #3 appears to be the best option, I would take the cash offer(#1) & run. Currently, there are way too many red flags at GE to feel comfortable with the future payments. I’d love to believe that they will survive intact, and even thrive, but I wouldn’t bet on it. #3 says you took that gam...
by bradinsky
Mon Oct 07, 2019 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: Psychologically adverse to start drawing down in retirement
Replies: 77
Views: 7104

Re: Psychologically adverse to start drawing down in retirement

I have only recently gone through this after I was "involuntarily" retired five years ago. Well, maybe not so involuntarily. I was laid off four (4) years before planned retirement. After several interviews with snot-nosed kids, more impressed with themselves than finding out what I could bring to ...
by bradinsky
Mon Oct 07, 2019 9:00 am
Forum: Personal Investments
Topic: Where to put cash at Schwab taxable acct
Replies: 18
Views: 2141

Re: Where to put cash at Schwab taxable acct

Stick around Mr. Paulson. You aren’t the first person to post incorrectly, and you surely will not be the last. I have, and it is somewhat humbling. But you can learn many things from the intelligent & experienced posters here.
by bradinsky
Sun Oct 06, 2019 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Psychologically adverse to start drawing down in retirement
Replies: 77
Views: 7104

Re: Psychologically adverse to start drawing down in retirement

I just turned 67. DW& I are both on social security without any additional pensions. All my life I have worked hard & saved as much as possible. Now we need to withdraw from savings / investments. Although this has been planned for & is necessary, I find this to be difficult to do. Very much contrar...
by bradinsky
Sat Oct 05, 2019 6:01 am
Forum: Personal Finance (Not Investing)
Topic: Tax guy my mom hired has me paying suspiciously high tax on investments
Replies: 46
Views: 6367

Re: Tax guy my mom hired has me paying suspiciously high tax on investments

IMO, $1000 to $3000 per year in taxes on a $300K trust doesn’t seem out of line. Check the tax return for yourself, and ask questions. You should familiarize yourself with the rules & process so you know what to expect in the future. Not knowing for sure would drive me crazy..
by bradinsky
Fri Oct 04, 2019 8:14 pm
Forum: Personal Investments
Topic: Sold stock and received check- not sure if I should cash it
Replies: 2
Views: 725

Re: Sold stock and received check- not sure if I should cash it

If it’s for an amount you are agreeable with, I’d cash it. If they sent you a 2nd check, that’s the one I wouldn’t cash :oops:
by bradinsky
Fri Oct 04, 2019 8:09 pm
Forum: Personal Investments
Topic: Deducting building costs from business income?
Replies: 6
Views: 391

Re: Deducting building costs from business income?

Is the building owned personally, by the business, or another entity that you control?
by bradinsky
Thu Oct 03, 2019 6:03 pm
Forum: Personal Investments
Topic: TD Ameritrade Screw Up.... what to do to make it right?
Replies: 12
Views: 1354

Re: TD Ameritrade Screw Up.... what to do to make it right?

After being a hands on business owner for 40 years, you realize that all businesses occasionally make mistakes. IMO the measure of a good, ethical business is how fast they respond to a problem & how well they handle it. I think they did well by you.
by bradinsky
Thu Oct 03, 2019 8:04 am
Forum: Personal Investments
Topic: I pulled out... How do I get back in?
Replies: 100
Views: 12964

Re: I pulled out... How do I get back in?

Pick a target date fund that matches your AA and invest everything. Having a 5 fund portfolio might temp you to tinker, and that’s what put you into this position in the first place.
by bradinsky
Thu Oct 03, 2019 6:20 am
Forum: Personal Investments
Topic: Registered Investment Advisers typical fees
Replies: 10
Views: 1090

Re: Registered Investment Advisers typical fees

Maybe your friends actually made 35%, and the advisor skimmed off 15% :D No one works for free.
by bradinsky
Wed Oct 02, 2019 6:11 am
Forum: Personal Investments
Topic: Creating "your own Index ETF"
Replies: 14
Views: 841

Re: Creating "your own Index ETF"

Unless you have a lot of time to invest in this, it seems that creating your own index-like fund/etf would be much more time consuming & trouble that it was worth.
by bradinsky
Tue Oct 01, 2019 9:01 pm
Forum: Personal Investments
Topic: VTI now has lower fees than VTSAX
Replies: 30
Views: 3580

Re: VTI now has lower fees than VTSAX

Really? With a $50,000 investment, .01% equals $5. Not worth the time or trouble.
by bradinsky
Tue Oct 01, 2019 8:54 pm
Forum: Personal Investments
Topic: Retirees - do you hold extra cash for a bear market?
Replies: 93
Views: 9348

Re: Retirees - do you hold extra cash for a bear market?

5 years worth in CDs & high yield MMA. It’s a SWAN thing, primarily for my DW.
by bradinsky
Tue Oct 01, 2019 7:45 pm
Forum: Personal Investments
Topic: Considering switch from Vanguard to eTrade...pros, cons and other input?
Replies: 48
Views: 3068

Re: Considering switch from Vanguard to eTrade...pros, cons and other input?

Our accounts are at Schwab & we hold Vanguard funds there. If you are a buy & hold investor, and purchase funds in large amounts, say $50K, IMO the $49.95 fee is inconsequential.
by bradinsky
Tue Oct 01, 2019 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: Luxury condo
Replies: 56
Views: 4654

Re: Luxury condo

Are the HOA fees $300 per month?
by bradinsky
Mon Sep 30, 2019 5:40 am
Forum: Personal Investments
Topic: Pay Off Car Loan or Invest in Taxable Account?
Replies: 4
Views: 469

Re: Pay Off Car Loan or Invest in Taxable Account?

Pay it off. That is a guaranteed 4% return, which is more than you’re getting from your checking account. After that, start making saving & investments a priority. Good luck!

Brad
by bradinsky
Wed Sep 25, 2019 6:35 pm
Forum: Personal Investments
Topic: Merrill Lynch Advisor wants to meet for coffee
Replies: 108
Views: 9238

Re: Merrill Lynch Advisor wants to meet for coffee

Tell them you are broke. You lost everything in a bad investment. Financial sales people will definitely not want to deal with a poor person. :happy Over the years, I have told many financial solicitors exactly that. Certainly helps to cut down on the number of calls. If that doesn’t work, just get ...
by bradinsky
Mon Sep 23, 2019 7:18 pm
Forum: Personal Investments
Topic: What to do next with our money
Replies: 22
Views: 4247

Re: What to do next with our money

Wow! $800 per month. I think that for some people, shopping is a sport. Let’s go to the mall & see if we can find something to buy. It really has nothing to do with needs, and sure is counter-productive to the “boglehead” way of thinking. Oh well, guess it helps keep our retail stores in business.
by bradinsky
Sat Sep 21, 2019 7:57 pm
Forum: Personal Investments
Topic: Insurance Co 4.05% Cash Value
Replies: 8
Views: 754

Re: Insurance Co 4.05% Cash Value

Many years ago, when I was young, and financially ignorant, I purchased a whole life policy that guaranteed a lousy (at the time) 4%. I still have the policy. It has significant cash value, and the 4% generates enough interest to pay the monthly premiums & adds to the cash value. At this point, I fe...
by bradinsky
Sat Sep 21, 2019 7:45 pm
Forum: Personal Investments
Topic: Recommendations Needed for Flat Rate Fee only Fiduciary Advisor
Replies: 8
Views: 715

Re: Recommendations Needed for Flat Rate Fee only Fiduciary Advisor

Rick Ferri. He is a contributor on this forum. You can find him by searching Ferri, using the Boglehead search bar. Fee only.
by bradinsky
Sat Sep 21, 2019 4:18 pm
Forum: Personal Investments
Topic: Reporting Annuity Insurance Agent
Replies: 8
Views: 948

Re: Reporting Annuity Insurance Agent

I would contact your state insurance board. I’m sure they would take a dim view of conduct like that.
by bradinsky
Fri Sep 20, 2019 7:25 pm
Forum: Personal Investments
Topic: Time for a portfolio check-up (55M, $1.5M)
Replies: 10
Views: 2442

Re: Time for a portfolio check-up (55M, $1.5M)

Out of curiosity, what is a CCRC?
by bradinsky
Mon Sep 16, 2019 6:08 am
Forum: Personal Investments
Topic: Now what?
Replies: 15
Views: 1550

Re: Now what?

“I’m a money manager, thank you, and for the record I’m pretty good at it.”
by bradinsky
Wed Sep 11, 2019 8:32 pm
Forum: Personal Investments
Topic: Too Late To Get Back Into Stocks?
Replies: 115
Views: 9452

Re: Too Late To Get Back Into Stocks?

OP,
If you haven’t see this before, check this out.
https://awealthofcommonsense.com/2014/0 ... ket-timer/
by bradinsky
Wed Sep 11, 2019 8:16 pm
Forum: Personal Investments
Topic: Too Late To Get Back Into Stocks?
Replies: 115
Views: 9452

Re: Too Late To Get Back Into Stocks?

After 40 years as a manufacturing business owner in Ohio, I’m convinced that China must be dealt with now, or you will see the eventual ruin of the vast majority of that business type in this country. It’s not a level playing field by any means, and has not been for many years.

Brad
by bradinsky
Wed Sep 11, 2019 7:48 pm
Forum: Personal Investments
Topic: Too Late To Get Back Into Stocks?
Replies: 115
Views: 9452

Re: Too Late To Get Back Into Stocks?

Why are so many people looking up at the high stock and bond markets and seeing the sky falling? The overall picture looks very good to me and the administration will try hard not to screw it up before the election next year.
+1
by bradinsky
Wed Sep 11, 2019 5:57 pm
Forum: Personal Investments
Topic: Too Late To Get Back Into Stocks?
Replies: 115
Views: 9452

Re: Too Late To Get Back Into Stocks?

Fake news year for sure!
by bradinsky
Sun Sep 08, 2019 7:45 pm
Forum: Personal Investments
Topic: Windfall - Investment Advice
Replies: 18
Views: 1921

Re: Windfall - Investment Advice

OP,
Retired this year after owning & managing my business for 40 years. I would be very cautious about making any financial decisions, or rock solid plans, until the deal is done. Dreaming is fun, but things(s***) happen. Best of luck to you!

Brad
by bradinsky
Fri Sep 06, 2019 8:25 pm
Forum: Personal Investments
Topic: Using "dry powder" to buy the dips for a mostly buy-and-holder
Replies: 17
Views: 2892

Re: Using "dry powder" to buy the dips for a mostly buy-and-holder

From Vanguard: Portfolio Vanguard Wellesley® Income Fund seeks to provide long-term growth of income and a high and sustainable level of current income, along with moderate long-term capital appreciation. Learn more about this portfolio's investment strategy and policy. Stock style Large Medium Smal...
by bradinsky
Thu Sep 05, 2019 5:35 am
Forum: Personal Finance (Not Investing)
Topic: Timing Retirement to Minimize Taxes
Replies: 14
Views: 1682

Re: Timing Retirement to Minimize Taxes

Thank you for the info! It’s never to late to learn.

Brad
by bradinsky
Thu Sep 05, 2019 5:15 am
Forum: Personal Finance (Not Investing)
Topic: Timing Retirement to Minimize Taxes
Replies: 14
Views: 1682

Re: Timing Retirement to Minimize Taxes

Out of curiosity, what is DROP?
by bradinsky
Tue Aug 20, 2019 8:30 pm
Forum: Personal Investments
Topic: Fisher Investment solicitation
Replies: 27
Views: 2451

Re: Fisher Investment solicitation

I posted this last week: ”From a meeting I had with a Fisher Investment “officer” a few years back: they believe in 100% equities, they sell you out at the top of the market & buy you back in at the bottom. Imagine that! Slick & persuasive literature, but no hard facts on their recent performance, e...
by bradinsky
Wed Aug 14, 2019 7:16 am
Forum: Personal Investments
Topic: E. Jones/Vanguard and now Fisher Investments
Replies: 44
Views: 7943

Re: E. Jones/Vanguard and now Fisher Investments

From a meeting I had with a Fisher Investment “officer” a few years back: they believe in 100% equities, they sell you out at the top of the market & buy you back in at the bottom. Imagine that! Slick & persuasive literature, but no hard facts on their recent performance, except for their best year ...
by bradinsky
Fri Jul 26, 2019 8:15 am
Forum: Personal Investments
Topic: which money market - banks or funds?
Replies: 17
Views: 1318

Re: which money market - banks or funds?

Never thought I’d live to see the day that smoking marijuana would be legal, and society would try to ostracize, and sometimes even jail, cigarette smokers. I’m living in a world I don’t fully understand. :? Myself, I’m a non smoker & non grass guy. Weird huh?