Search found 29 matches

by woolie
Mon Oct 26, 2020 6:47 pm
Forum: Personal Investments
Topic: Invested in ROTH while over MAGI
Replies: 2
Views: 289

Re: Invested in ROTH while over MAGI

Contact the broker who has the account (Vanguard, Fidelity, etc). They will explain their process to you. It is not a big deal, especially since you caught it within a few days. Basically you will just withdraw the contribution, but as a return of excess contribution rather than an ordinary withdraw...
by woolie
Wed Oct 07, 2020 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: husband passed away, no will. Is probate court necessary?
Replies: 24
Views: 5132

Re: husband passed away, no will. Is probate court necessary?

Thanks everyone for the comments, it's what I love about this community. galawdawg - the link to the PA vehicle registry info was spot on, thanks especially for that. I just got off the phone with Jane, and suggested that she do a consult with an attorney, especially with regards to the home and the...
by woolie
Tue Oct 06, 2020 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: husband passed away, no will. Is probate court necessary?
Replies: 24
Views: 5132

husband passed away, no will. Is probate court necessary?

A friend's husband (I will call him Joe) passed suddenly, with no will. He is survived by his wife (I will call her Jane) and young-adult son. She is completely bewildered about what to do - they were in their fifties and not expecting to deal with this. Jane has asked me for help. I'm no expert but...
by woolie
Tue Sep 15, 2020 9:07 am
Forum: Personal Investments
Topic: Where to start - advising my DS #2
Replies: 28
Views: 2064

Re: Where to start - advising my DS #2

It’s great that you’re starting him early. Time will be on his side. However, i would recommend not putting much into a Roth or other retirement account. Maybe just the minimum to open one and then $50 a month automatic contribution. This will get his feet wet and set up good habits. But his priorit...
by woolie
Wed Sep 02, 2020 8:09 am
Forum: Personal Investments
Topic: Confused here in MA
Replies: 56
Views: 4994

Re: Confused here in MA

Greetings fellow Massachusettsian! I doubt you’re persona non grata at Vanguard. I would guess the disconnect is the person you talk to when inquiring about advisory services is trained to “close the sale” whereas you have lots of questions up front. That said, if you’ve tried them twice and not cli...
by woolie
Tue Aug 25, 2020 3:10 pm
Forum: Personal Investments
Topic: New to investing, need help please
Replies: 13
Views: 781

Re: New to investing, need help please

Welcome to the forum. And congratulations on the baby! Count me as another vote for the three fund portfolio. Simple, low cost, high quality. It’s the Costco of investing. One thing you might consider is a larger emergency fund. Three months can go by quickly. One way to do this would be to simply l...
by woolie
Tue Aug 25, 2020 7:46 am
Forum: Personal Finance (Not Investing)
Topic: Pursue Inheritance Asset or Let it Go?
Replies: 14
Views: 2141

Re: Pursue Inheritance Asset or Let it Go?

My condolences on your loss. You’re fortunate to have had an Auntie who cared about you so much and who had enough wealth to leave large inheritances. It is funny, in a sad way, how common your situation is. Relatives who got along fine previously get drawn into disputes over money, even over small ...
by woolie
Mon Jul 27, 2020 10:38 pm
Forum: Personal Investments
Topic: TIPS
Replies: 20
Views: 1966

Re: TIPS

I’m not a fan of TIPS. Their benefit is narrow. In circumstances where stocks are in decline, nominal interest rates are low, and inflation is high, TIPS would be the one thing in the portfolio that has good returns. That could happen, but it would be unusual for those circumstances to persist for a...
by woolie
Sun Jul 19, 2020 9:12 am
Forum: Personal Investments
Topic: First Post - Retired - Portfolio Structure Help
Replies: 6
Views: 811

Re: First Post - Retired - Portfolio Structure Help

Double Deacon, Congratulations on attaining a combination of portfolio size and lifestyle/spending habits that, as many have pointed out, will last the remainder of life under just about any scenario. In my view, your big risks are not asset allocation or withdrawal rate, but elsewhere. Some things ...
by woolie
Sun Jul 19, 2020 7:24 am
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 3011
Views: 1917732

Re: The Three-Fund Portfolio

Congratulations. I am about to make a shift to a Three-Fund approach after years of more complex (and most likely inadvertent) over-weighted higher risk diversification. CycloRosta: Inadvertent is a good way of describing my situation as well. I ended up where I was by seeking to fill in the gaps t...
by woolie
Sun Jul 19, 2020 7:06 am
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 3011
Views: 1917732

Re: The Three-Fund Portfolio

abuss368 wrote: Sat Jul 18, 2020 9:43 pm
Great news! Remember Jack Bogle’s advice: “Simplicity is the master key to financial success”!
:sharebeer
by woolie
Sun Jul 19, 2020 7:02 am
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 3011
Views: 1917732

Re: The Three-Fund Portfolio

Woolie: I know the other Boglehead who gave you suggestions are as pleased as I am with your new and much improved portfolio. Thank you for letting us know. Best wishes Taylor Jack Bogle's Words of Wisdom: "There may be better investment strategies than owning just three broad-based index funds but...
by woolie
Sat Jul 18, 2020 9:21 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 3011
Views: 1917732

Re: The Three-Fund Portfolio

I did it! I made the leap and I converted from six funds down to three. I am early 50’s, and have followed Burton Malkiel’s portfolio suggestion from A Random Walk Down Wall Street for many years. It has served me well. My retirement savings is already higher than I dared hope it would ever be when ...
by woolie
Mon Jun 29, 2020 9:34 pm
Forum: Personal Investments
Topic: Choosing a 529 - am I splitting hairs?
Replies: 10
Views: 1081

Re: Choosing a 529 - am I splitting hairs?

I am a Massachusetts resident and have used the Fidelity 529 for years. Used their target date index funds, set it and forget it. It really adds up over time. Would put a little in with every bonus, tax return, etc. also when they would get birthday money from grandparents we would give them some to...
by woolie
Mon Mar 09, 2020 8:37 pm
Forum: Personal Investments
Topic: Just opened a Roth IRA
Replies: 4
Views: 356

Re: Just opened a Roth IRA

Welcome! I opened a Roth IRA at vanguard over 20 years ago and it has worked out great for me. Is this Roth IRA your only retirement account? If so, it makes sense to make your asset allocation within the Roth (although, as mhalley pointed out, due to fund minimums it may make sense to keep it simpl...
by woolie
Sat Nov 23, 2019 9:23 am
Forum: Personal Finance (Not Investing)
Topic: Selling truck on Craigslist
Replies: 42
Views: 2180

Re: Selling truck on Craigslist

I sold a vehicle on Craigslist and it went well. Insist on cash. Do not even consider any form of check. If they don’t want to carry that much, you can offer to go to their bank with them, they can make a withdrawal and you can sign the title in the bank lobby. Finally, take a photo of both sides of...
by woolie
Mon Nov 04, 2019 9:27 pm
Forum: Personal Investments
Topic: Employee stock purchase plan - a no-brainer?
Replies: 11
Views: 1291

Re: Employee stock purchase plan - a no-brainer?

Thanks everyone! I really appreciate how we share experiences in this community. I will probably cash out immediately upon vesting, as I'm conservative by nature and wouldn't want to build up a significant holding of any single stock, let alone my employer's. I may leave a little invested, just so I...
by woolie
Sat Nov 02, 2019 1:37 pm
Forum: Personal Investments
Topic: Employee stock purchase plan - a no-brainer?
Replies: 11
Views: 1291

Employee stock purchase plan - a no-brainer?

Hi Friends, I've got a new job at a new MegaCorp, and there's an Employee Stock Purchase Plan (ESPP) offered. I've never worked for an employer that offered these, so this is new territory for me. It seems like a no-brainer, but I'd appreciate any warnings about pitfalls of these plans to watch out ...
by woolie
Sun Oct 20, 2019 2:39 pm
Forum: Personal Investments
Topic: 401(k) to 401(k) rollover considerations
Replies: 7
Views: 674

Re: 401(k) to 401(k) rollover considerations

Thanks everyone! I’ll dig a little deeper, to understand the full costs of each plan.
by woolie
Sat Oct 19, 2019 7:20 pm
Forum: Personal Investments
Topic: 401(k) to 401(k) rollover considerations
Replies: 7
Views: 674

401(k) to 401(k) rollover considerations

Hi, I started a new job, and I need to decide what to do with my 401(k) balance from my previous employer. I've pretty well decided against rolling the old 401(k) into an IRA. The fund choices are OK, so an IRA rollover would be giving up the stronger creditor protection of the 401(k) for a small de...
by woolie
Mon Sep 02, 2019 11:22 am
Forum: Personal Finance (Not Investing)
Topic: is health coverage overlap bad?
Replies: 4
Views: 796

Re: is health coverage overlap bad?

I read the terms of my COBRA coverage carefully today, and confirmed that double coverage isn't actually possible. The terms state that continuation coverage will be terminate if any beneficiary becomes covered under another group health plan, or by Medicare. So, if I am able to land a job with bene...
by woolie
Sat Aug 31, 2019 7:39 am
Forum: Personal Finance (Not Investing)
Topic: is health coverage overlap bad?
Replies: 4
Views: 796

is health coverage overlap bad?

Would appreciate any experience with moving from one plan to another, and especially if being covered by two different plans simultaneously is problematic. Here's my situation. I was laid off from megacorp in mid-July. Very nice severance package which includes COBRA. I can stay on the PPO health in...
by woolie
Sun Apr 14, 2019 6:40 pm
Forum: Personal Consumer Issues
Topic: How to get rid of musty smell in house
Replies: 18
Views: 2089

Re: How to get rid of musty smell in house

Damp Rid. You can get it at home depot, target, etc. It makes a big difference.
by woolie
Sat Jan 19, 2019 4:47 pm
Forum: Personal Consumer Issues
Topic: diagnostic fee for car under warranty?
Replies: 15
Views: 6898

Re: diagnostic fee for car under warranty?

thanks for the comments everyone!
by woolie
Sat Jan 19, 2019 7:48 am
Forum: Personal Consumer Issues
Topic: diagnostic fee for car under warranty?
Replies: 15
Views: 6898

diagnostic fee for car under warranty?

I brought my car (2016 Mazda 3) into the local Mazda dealer for service on a recall. While there, I told them that the entertainment system would occasionally reboot itself for no discernible reason. They told me there would be a $130 diagnostic fee, which would be waived if they found a problem cov...
by woolie
Sat Jan 12, 2019 1:01 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Treasury vs Federal MoneyMarket
Replies: 9
Views: 1294

Re: Vanguard Treasury vs Federal MoneyMarket

I use the Treasury MM fund because it's state-tax free and is the safest of the MM funds. I keep a few years living expenses in this fund. My main concern is: What if the stock markets shut down for a few months during a financial crisis. Will I have excess to the money in the Treasury MM fund? May...
by woolie
Sat Jan 12, 2019 12:29 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Treasury vs Federal MoneyMarket
Replies: 9
Views: 1294

Re: Vanguard Treasury vs Federal MoneyMarket

I am a legacy owner, similar to your situation. I still have the VTMM in each of our Roths with about $50 in each to keep it open, but I don’t really need them. I use it for our emergency fund in our taxable, and transact directly to/from our bank account. I prefer the VTMM over the Federal in taxa...
by woolie
Sat Jan 12, 2019 12:03 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Treasury vs Federal MoneyMarket
Replies: 9
Views: 1294

Re: Vanguard Treasury vs Federal MoneyMarket

Thanks! I totally blanked on the state income tax factor. Being a resident of MA you'd think I would be aware of that :oops:
In any case, it's good to know there's a rational reason for me to use this fund, besides the kick I get from feeling like I sneaked into a fancy club through a side door.
by woolie
Sat Jan 12, 2019 10:49 am
Forum: Investing - Theory, News & General
Topic: Vanguard Treasury vs Federal MoneyMarket
Replies: 9
Views: 1294

Vanguard Treasury vs Federal MoneyMarket

Any other Treasury MM owners out there? I use it for my emergency fund, even though I have WAY less than the $50k minimum. How did this happen? When I first started investing at Vanguard in the 90s, I went looking for the most conservative fund they had, which was Treasury moneymarket. At the time t...