Search found 783 matches

by HomeStretch
Sun Jul 21, 2019 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Undo Joint Account with Parents?
Replies: 38
Views: 2470

Re: Undo Joint Account with Parents?

Durable POA. Like you and dbr, I was surprised the bank was so difficult about the DPOA and refused to do a medallion guarantee for parents’ new Vanguard accounts setup. My parents health issues and moving away from an expensive financial advisor were more immediate concerns so we did what was simpl...
by HomeStretch
Sun Jul 21, 2019 7:05 pm
Forum: Personal Investments
Topic: Portfolio Allocation Questions
Replies: 2
Views: 214

Re: Portfolio Allocation Questions

Tax Filing Status: Single Widow I was shooting for a 3 fund portfolio, but have mostly not sold the T.Roe price funds because of large taxable gains and no cost basis for them (fund has no info., cost basis goes back 30 years) Were the T. Rowe Price funds held jointly with your spouse and thus elig...
by HomeStretch
Sun Jul 21, 2019 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Undo Joint Account with Parents?
Replies: 38
Views: 2470

Re: Undo Joint Account with Parents?

Modify the arrangement with your parents’ accounts if necessary but make sure whatever you end up with works. I am a joint account holder on parent’s checking account and have POA for their brokerage account. At their request, I handle their finances including bill pay and investments as they are n...
by HomeStretch
Sun Jul 21, 2019 5:15 pm
Forum: Personal Investments
Topic: Can You Please Help With 401k Allocation?
Replies: 4
Views: 211

Re: Can You Please Help With 401k Allocation?

Not enough info provided in your post to give advice. You or your sister need to post more info (see “Asking Portfolio Questions”) similar to the way you posted your info in another thread when you asked about 401k allocation for yourself.
by HomeStretch
Sun Jul 21, 2019 4:19 pm
Forum: Personal Investments
Topic: Review of late start portfolio and future recommendation
Replies: 17
Views: 1252

Re: Review of late start portfolio and future recommendation

Changes are coming! I am working towards a refinance of the mortgage going from 7.25 to 3.5-3.75 range. Thanks for the Push, megabad, homestretch, bradinsky, and cherijoh. This will allow an increase to retirement savings by at least $20,000 per year starting this year. Congratulations! At age 54, ...
by HomeStretch
Sun Jul 21, 2019 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Dogs and homeowners insurance company
Replies: 34
Views: 1297

Re: Dogs and homeowners insurance company

I have never heard of an insurer visiting in person. They normally interview you online or via phone about your risk profile, always including dogs. Training is not a factor since the best trained dogs can be drawn into a fight and injure someone. AMICA sent an appraiser to look at my house. Travel...
by HomeStretch
Sun Jul 21, 2019 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Dogs and homeowners insurance company
Replies: 34
Views: 1297

Re: Dogs and homeowners insurance company

jebmke wrote:
Sun Jul 21, 2019 1:44 pm
Every time we have insured a house, car (or taken out umbrella insurance) we were asked about dogs, teenage drivers, boats, airplanes and swimming pools.
+1 and trampolines.
by HomeStretch
Sun Jul 21, 2019 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: CP2000: where to send response
Replies: 10
Views: 479

Re: CP2000: where to send response

An option is to make the payment online and reference the date and amount in your letter.
by HomeStretch
Sun Jul 21, 2019 1:24 pm
Forum: Personal Investments
Topic: Dynamic Spending model and Vanguard advisor advice
Replies: 16
Views: 844

Re: Dynamic Spending model and Vanguard advisor advice

+1 on posting in the “Asking Portfolio Questions” format to get better feedback. As far as spending rate goes, if she can keep her spending below $80k and check in with advisor periodically on her portfolio vs. withdrawal rates, I think she will be fine. The Vanguard Star fund was sold so reviewing ...
by HomeStretch
Sun Jul 21, 2019 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Undo Joint Account with Parents?
Replies: 38
Views: 2470

Re: Undo Joint Account with Parents?

Modify the arrangement with your parents’ accounts if necessary but make sure whatever you end up with works. I am a joint account holder on parent’s checking account and have POA for their brokerage account. At their request, I handle their finances including bill pay and investments as they are no...
by HomeStretch
Sun Jul 21, 2019 9:05 am
Forum: Personal Investments
Topic: Portfolio Review - How would you allocate this cash to rebalance? Do my financial plans make sense?
Replies: 11
Views: 568

Re: Portfolio Review - How would you allocate this cash to rebalance? Do my financial plans make sense?

Pay off the car loan @1.99% if that rate is higher than or same as your Ally savings rate after tax (37%). For example, if you are using the Ally 2.1% savings account, paying off the loan would make sense.
by HomeStretch
Sun Jul 21, 2019 8:53 am
Forum: Personal Consumer Issues
Topic: Replacement Windows
Replies: 28
Views: 1461

Re: Replacement Windows

In our west-facing rooms which get warm from solar heat, we did the following which helped a lot: 1. Vista film on skylights (we chose a lighter color for aesthetics), 2. Low-E windows 3. Natural grass/wood shades (inset mount) that we leave closed when we aren’t using rooms during summers days to k...
by HomeStretch
Sun Jul 21, 2019 8:45 am
Forum: Personal Investments
Topic: Locked out of a brand new Treasury Direct account?
Replies: 9
Views: 1002

Re: Locked out of a brand new Treasury Direct account?

A good reason to just purchase Treasuries through your brokerage account. I’ve been doing that for over a year now. Other than for the ability to purchase in sizes of under $1,000, I don’t get why people bother with TD. I also buy T-Bills and T-Notes through my brokerage account. But I-Bonds and EE...
by HomeStretch
Sun Jul 21, 2019 8:26 am
Forum: Personal Consumer Issues
Topic: **Most Cost, Time Effective Way to Repair Yard after Septic Repair? (with pictures)
Replies: 24
Views: 1211

Re: Most Cost, Time Effective Way to Repair Yard after Septic Repair? (with pictures)

The link says the picture can’t be opened on Apple iOS device. Despite how the yard looks now, a buyer should be thrilled about a new septic system. I think getting a couple quotes from reliable local landscapers to reseed in the fall that you can share with buyers plus a closing credit of cost to a...
by HomeStretch
Sun Jul 21, 2019 4:05 am
Forum: Personal Investments
Topic: Basic Qs on Taxable account
Replies: 5
Views: 756

Re: Basic Qs on Taxable account

If you can roll your traditional and rollover IRAs into your 401k, a backdoor roth is a great choice for your first $6k ($7k age 50+) of after tax savings with the rest of your savings going to low cost total market index funds in a taxable brokerage account.
by HomeStretch
Sun Jul 21, 2019 3:50 am
Forum: Personal Investments
Topic: complete newbie trying to get out of ameriprise
Replies: 4
Views: 654

Re: complete newbie trying to get out of ameriprise

I use and like Fidelity’s solo 401k. You will need to do a plan amendment I believe as part of transferring custodians. Fidelity should be able to help with this. Good luck with the upcoming move! You will save money from fees each year plus a simplified portfolio will be much easier to manage this ...
by HomeStretch
Sat Jul 20, 2019 8:33 pm
Forum: Personal Consumer Issues
Topic: issues with roofer
Replies: 11
Views: 1209

Re: issues with roofer

donall wrote:
Sat Jul 20, 2019 6:08 pm
Yes, those long nails can be problematic. One of those nails pierced the AC line resulting in $900 repair.
Yes, just had my AC line repaired due to a roof nail piercing it!
by HomeStretch
Sat Jul 20, 2019 7:32 pm
Forum: Personal Investments
Topic: Vanguard transaction: "Death distribution" ?
Replies: 14
Views: 1489

Re: Vanguard transaction: "Death distribution" ?

If it was my account, I would call Vanguard Monday morning about any unknown distributions. Good luck!
by HomeStretch
Sat Jul 20, 2019 5:20 pm
Forum: Personal Investments
Topic: Portfolio review, ~10 years from retirement
Replies: 9
Views: 857

Re: Portfolio review, ~10 years from retirement

Is your actual asset allocation at your desired 70-30? I don’t see a lot of bonds listed in your holdings. Yes, there's ~6% in FTABX (muni bond fund), 13.5% in Dodge & Cox Bond, (intermediate bond), and ~11% in MetWest Total Return (intermediate bond). Do you have a good bond choice in your/spouse’...
by HomeStretch
Sat Jul 20, 2019 12:06 pm
Forum: Personal Investments
Topic: What percentage of Vanguard
Replies: 27
Views: 1754

Re: What percentage of Vanguard

Consolidating accounts to fewer brokerages is a good goal IMO especially in retirement. We currently use Vanguard (2/3) and Fidelity (1/3). By the year before we have to take RMDs, spouse/I plan to have all 401ks rolled into one IRA each so we only have one place each to take RMDs from. We may move ...
by HomeStretch
Sat Jul 20, 2019 11:54 am
Forum: Personal Investments
Topic: Portfolio review, ~10 years from retirement
Replies: 9
Views: 857

Re: Portfolio review, ~10 years from retirement

Your portfolio looks fairly simple and low cost. Is your actual asset allocation at your desired 70-30? I don’t see a lot of bonds listed in your holdings. My preference is for all bonds in a 401k as it is more tax efficient in our case (maybe yours is different). Plus we will be using an ACA plan w...
by HomeStretch
Sat Jul 20, 2019 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Should relative incomes be a factor in wedding gift?
Replies: 50
Views: 3064

Re: Should relative incomes be a factor in wedding gift?

No, I don’t use relative incomes in determining a wedding gift. We are in a HCOL area where the cost per guest for weddings, bar/bat mitzvahs, etc. is high. So we do try to keep current with the costs so our gift at least covers our dinner cost. For nieces and nephews (we are close with all), we cur...
by HomeStretch
Sat Jul 20, 2019 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Corporate Acquisition - Key Person
Replies: 16
Views: 1180

Re: Corporate Acquisition - Key Person

Whatever the retention package is, get it documented in a written signed agreement. Consider having it reviewed by an employment attorney prior to signing especially if it covers significant equity compensation under company benefit plan(s) or if you have a current non-compete agreement or one is in...
by HomeStretch
Fri Jul 19, 2019 8:09 pm
Forum: Personal Investments
Topic: Review of late start portfolio and future recommendation
Replies: 17
Views: 1252

Re: Review of late start portfolio and future recommendation

mdpii wrote:
Fri Jul 19, 2019 8:02 pm
To answer your question on numbers, we are aggressively paying down the mortgage. The finance rate is 7.5%.
Have you looked at refinancing your high mortgage rate?

ETA - what’s your rate on your two car loans?
by HomeStretch
Fri Jul 19, 2019 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Marcus Bank 1% Bonus for New Funds up to $50k ($500 bonus)
Replies: 60
Views: 4917

Re: Marcus Bank 1% Bonus for New Funds up to $50k ($500 bonus)

Please let me know if anyone successfully opened or funded the Marcus account by transferring (pushing) funds from Vanguard. I typically use an intermediary bank for such actions, but it would be much easier (and potentially less time-consuming) directly from Vanguard. If so, how long did the push ...
by HomeStretch
Fri Jul 19, 2019 8:10 am
Forum: Personal Investments
Topic: This is bad right?? [my investment earnings]
Replies: 40
Views: 3617

Re: This is bad right?? [my investment earnings]

+1 on posting using the “Asking Portfolio Questions”. You will learn a lot preparing your post, get great advice and can develop a game plan before you leave your advisor. This should give you confidence in your plan going forward especially if the advisor tries to instill any doubt about leaving. D...
by HomeStretch
Fri Jul 19, 2019 7:07 am
Forum: Personal Investments
Topic: Edward J rep is not answering my Questions
Replies: 63
Views: 9343

Re: Edward J rep is not answering my Questions

10 or so holdings. Each with 4.25 and higher loads. MRGAX 5.75% load & 42% turnover, MFBFX 4.25% load & 38% turnover, MACFX 5.75% load & 6% turnover ok. Plus 6 or so more that I consider trash. 1. Turn off dividend reinvestment to stop buying more of the 10 holdings and instruct advisor in writing ...
by HomeStretch
Thu Jul 18, 2019 3:32 pm
Forum: Personal Investments
Topic: Just sat through a wealth-management sales pitch.
Replies: 96
Views: 9667

Re: Just sat through a wealth-management sales pitch.

I was not really a "practice" run for the music man, and OP you were not just helping to meet a first month pitch quota. We were each set up as the mark for a particularly disingenuous and cynical variation of affinity selling. But we can't be the only two people who have been hit up this way. +1 I...
by HomeStretch
Thu Jul 18, 2019 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Marcus Bank 1% Bonus for New Funds up to $50k ($500 bonus)
Replies: 60
Views: 4917

Re: Marcus Bank 1% Bonus for New Funds up to $50k ($500 bonus)

Thanks for sharing!

Anyone have advice on best way to transfer money from Vanguard to Marcus? I’m wondering if Vanguard will link a new Marcus account quickly enough to push the funds. Alternatively, I could write a check from a Vanguard money market fund and mail to Marcus. Thanks.
by HomeStretch
Thu Jul 18, 2019 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Lesson Learned on selling old books like a 1608 Breeches Bible?
Replies: 8
Views: 960

Re: Lesson Learned on selling old books like a 1608 Breeches Bible?

If you decide to try and sell it, first research the names in the inscription. If they are of any historical significance, it may increase the value of the book.
by HomeStretch
Thu Jul 18, 2019 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Inherited Property comes with Easement for Encroachments
Replies: 10
Views: 719

Re: Inherited Property comes with Easement for Encroachments

Have you consulted a local real estate attorney for advice? The answer probably depends on the town/state the property is in.
by HomeStretch
Thu Jul 18, 2019 9:40 am
Forum: Personal Finance (Not Investing)
Topic: ACA subsidy vs Roth conversions
Replies: 32
Views: 2129

Re: ACA subsidy vs Roth conversions

Sounds like this is almost a rule of thumb, as long as the ObamaCare rules don't change, and one has ways to control his/her income in retirement. Should those of us not yet in retirement (but close) plan to wait until Medicare kicks in (age 65ish) but before SS starts (age 70) to Roth Convert? I a...
by HomeStretch
Thu Jul 18, 2019 8:49 am
Forum: Personal Consumer Issues
Topic: gift for a college bound niece
Replies: 12
Views: 555

Re: gift for a college bound niece

Great gift! Any chance you can give niece a card explaining your gift intention and allow her to choose the model that best suits her?
by HomeStretch
Thu Jul 18, 2019 6:51 am
Forum: Personal Finance (Not Investing)
Topic: [State] Residency v. Domicile
Replies: 6
Views: 795

Re: [State] Residency v. Domicile

It might be worth a consultation with a tax professional with experience with your situation. In addition to advice on how to handle your GA filing status, if you do end up filing MFS as a GA resident advice could be helpful on how to best allocate non-W2 income and deductions as there might be opti...
by HomeStretch
Thu Jul 18, 2019 6:35 am
Forum: Personal Consumer Issues
Topic: Selling Older Devices (SmartPhones) online
Replies: 13
Views: 981

Re: Selling Older Devices (SmartPhones) online

+1 on gazelle for sales of my old phones. Easy process, reputable company. Prices offered were higher than trade-in offered by my carrier (AT&T).
by HomeStretch
Thu Jul 18, 2019 6:12 am
Forum: Personal Finance (Not Investing)
Topic: Substantial position in an individual stock
Replies: 31
Views: 2208

Re: Substantial position in an individual stock

If you have been reinvesting dividends, you could: 1. Turn off dividend reinvestment so you don’t buy more 2. Sell your most recent tax lots from reinvested dividends > 1 year old which most likely have the highest basis and therefore lowest long term gain. To reduce your position substantially, you...
by HomeStretch
Wed Jul 17, 2019 9:52 pm
Forum: Personal Consumer Issues
Topic: French patio door recommendations
Replies: 3
Views: 331

Re: French patio door recommendations

My wood clad Andersen door/screens have held up well. Still operate smoothly. I have 3 sets of wood clad Jeld Wen doors/screens - love the doors but their screen system is not ideal as there is a ridge mid-door that causes the screens to hang up or jump track. I hear they changed the design due to c...
by HomeStretch
Wed Jul 17, 2019 9:45 pm
Forum: Personal Consumer Issues
Topic: replacing mulch bed recommendations
Replies: 34
Views: 2039

Re: replacing mulch bed recommendations

I get weeds in my mulched beds (with Preen) as well as the areas with stone around my pool. Neither is a perfect solution and require periodic spraying to keep weeds under control. I removed the pachysandra and Boston ivy planted by the former owner as they spread into the lawn and provided ground c...
by HomeStretch
Wed Jul 17, 2019 9:25 pm
Forum: Personal Consumer Issues
Topic: Garage Organization
Replies: 57
Views: 3894

Re: Garage Organization

+1 on the Rubbermaid Fast Track System. I have the system in my garage and shed. There are shelves, baskets, hooks, bins for balls, etc that hang off the rails. Sturdy, customizable for your space/needs and durable. For the garage, I also added a Hyloft that hangs from the ceiling joists at the fron...
by HomeStretch
Wed Jul 17, 2019 3:03 pm
Forum: Personal Investments
Topic: Consolidating Investments
Replies: 6
Views: 434

Re: Consolidating Investments

Consolidation is good. +1 on using Roth IRA/401k before Taxable account so future growth is tax free. I suggest avoiding a balanced fund (VTMFX) in your Taxable account and instead invest separately in VTSAX Total Stock Market Fund and a tax-exempt Bond Fund with a duration that matches your medium-...
by HomeStretch
Wed Jul 17, 2019 1:24 pm
Forum: Personal Consumer Issues
Topic: How Much- Installation Roman Shade (Window Treatment)
Replies: 4
Views: 412

Re: How Much- Installation Roman Shade (Window Treatment)

The quoted price doesn’t surprise me. Hired labor is expensive plus perhaps the cost includes incidental mounting materials (screws, brackets). Not hard to DIY install but I have also hired out just for the convenience of having it done and off the list. Half the battle can be just getting someone t...
by HomeStretch
Wed Jul 17, 2019 1:17 pm
Forum: Personal Consumer Issues
Topic: Deck with Lattice skirt
Replies: 13
Views: 997

Re: Deck with Lattice skirt

Agree with comments about proper grading, drainage etc under deck.

We had a problem with “critters” getting under the deck so we stapled plastic mesh behind the lattice to eliminate all but the mice. We also attached one lattice panel with hinges as a small “door” to access under deck.
by HomeStretch
Wed Jul 17, 2019 9:48 am
Forum: Personal Investments
Topic: Portfolio Checkup
Replies: 61
Views: 3791

Re: Portfolio Checkup

Congratulations, looks great. The hardest part will be to not “tinker”. If you enjoy “tinkering” perhaps there are other financial areas that you can work on.
by HomeStretch
Wed Jul 17, 2019 6:38 am
Forum: Investing - Theory, News & General
Topic: [Merrill Lynch charges high fees]
Replies: 43
Views: 4081

Re: [Merrill Lynch charges high fees]

If your dad wants your help with the transition and/or ongoing investments management, file a power of attorney with the new brokerage to allow you to do this. As POA, you can setup an online account.

Best of luck!
by HomeStretch
Tue Jul 16, 2019 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: Tax on realized gains to buy 1st home?
Replies: 2
Views: 193

Re: Tax on realized gains to buy 1st home?

It would be a nice perk... But gains on proceeds from the sale of taxable investments used for a first time home purchase are subject to income taxes. If you are able to itemize, the tax savings from additional deductions for property taxes and interest paid, if applicable, could offset taxes, if an...
by HomeStretch
Tue Jul 16, 2019 6:51 am
Forum: Personal Finance (Not Investing)
Topic: Should i disclose my liability insurance policy limits?
Replies: 20
Views: 2293

Re: Should i disclose my liability insurance policy limits?

Due to the litigation, agree with advice to consult with insurance company and, if necessary, your attorney on whether to disclose your auto policy limit. But if I agreed to do so, I would not want any information about my umbrella policy disclosed including the fact I even have one.
by HomeStretch
Mon Jul 15, 2019 5:50 pm
Forum: Personal Investments
Topic: Was going with AXA a bad move?
Replies: 32
Views: 2027

Re: Was going with AXA a bad move?

Consider moving the Roth IRA right now to another brokerage while you are deciding how to handle the annuity within the traditional IRA. No sense leaving another account, even one with a small balance, at the mercy of your advisor.
by HomeStretch
Mon Jul 15, 2019 1:23 pm
Forum: Personal Investments
Topic: Portfolio Checkup
Replies: 61
Views: 3791

Re: Portfolio Checkup

I should probably max out all the Roth space I have first, and then max out the 403b space, is that the order people usually do it in, or does it happen concurrently? I don’t think it matters unless you receive an employer 403b match per pay period where you would miss out on your full match if you...
by HomeStretch
Mon Jul 15, 2019 11:06 am
Forum: Personal Investments
Topic: Portfolio Checkup
Replies: 61
Views: 3791

Re: Portfolio Checkup

Best way to automate, to maintain allocation going forward? After you adjust your contribution allocation with retiredjg’s help, your portfolio will now be at your desired allocation. From time to time, you may need to rebalance by manually adjusting your invested account balances if they become si...