Search found 157 matches

by Chip Munk
Sat Jul 11, 2020 1:23 pm
Forum: Investing - Theory, News & General
Topic: Allan Roth: Vanguard Leaning More On ETFs
Replies: 39
Views: 3799

Re: Allan Roth: Vanguard Leaning More On ETFs

Dumb question. Can we convert from admiral shares to ETF shares in a Vanguard IRA? And I really mean convert , without taking any risk of a share price changing between a sell and a buy operation? If yes, how? PS. I am absolutely not there yet, just pondering about possibilities... Yes, you can do ...
by Chip Munk
Tue Jul 07, 2020 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: Merrill Edge $900 preferred rewards brokerage bonus
Replies: 53
Views: 4311

Re: Merrill Edge $900 preferred rewards brokerage bonus

The value of the shares can absolutely change during the transfer, and the bonus is linked to the final value (200k) in Merrill Edge when the shares land. So as suggested above, you need to transfer 200k+ a buffer worth of shares. My experience: I did this transfer from 2 different brokerages into ...
by Chip Munk
Tue Jul 07, 2020 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Merrill Edge $900 preferred rewards brokerage bonus
Replies: 53
Views: 4311

Re: Merrill Edge $900 preferred rewards brokerage bonus

The value of the shares can absolutely change during the transfer, and the bonus is linked to the final value (200k) in Merrill Edge when the shares land. So as suggested above, you need to transfer 200k+ a buffer worth of shares. My experience: I did this transfer from 2 different brokerages into ...
by Chip Munk
Sun Jul 05, 2020 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion
Replies: 9
Views: 614

Re: Roth Conversion

That will be true if you have absolutely no other Ordinary Income such as interest, non-qualified dividends, pension payments, etc. Any of those will reduce the amount available for Roth conversions. So for example if you have $13,000 in interest and non-qualified dividends, then your maximum Roth c...
by Chip Munk
Fri Jul 03, 2020 12:59 pm
Forum: Personal Investments
Topic: Converting VTSAX to VTI
Replies: 12
Views: 1556

Re: Converting VTSAX to VTI

Re: the timing question, my confusion is over the share price used for the conversion. I've never done the conversion at Vanguard but I have a strong suspicion they will use NAV price at end of day for both the mutual fund and the ETF. Please report back once you learn how it works. Regards, Thanks...
by Chip Munk
Fri Jul 03, 2020 12:51 pm
Forum: Personal Investments
Topic: Converting VTSAX to VTI
Replies: 12
Views: 1556

Re: Converting VTSAX to VTI

I don't mean to ask for personal information. But whether you are dividing an inheritance or buying a charitable annuity with apprciated shares (my reason for converting), does it really make that much difference whether the conversion is $32,000 or $32,250? And if it does matter, I don't pay commi...
by Chip Munk
Fri Jul 03, 2020 12:07 pm
Forum: Personal Investments
Topic: Converting VTSAX to VTI
Replies: 12
Views: 1556

Re: Converting VTSAX to VTI

The conversion is tax free, so at one level, you don’t care about the timing. Keep track of the basis, in case the new brokerage doesn’t. If the tax lots are mixed, ask the phone rep how to determine your basis. Thanks! Re: the timing question, my confusion is over the share price used for the conv...
by Chip Munk
Thu Jul 02, 2020 9:00 pm
Forum: Personal Investments
Topic: Converting VTSAX to VTI
Replies: 12
Views: 1556

Re: Converting VTSAX to VTI

The answer to the first question is a partial conversion is possible. I don't know if you can control it by tax lot or not, you'd have to call Vanguard to perform the conversion anyway, so you can ask this while you're on the line. Thanks! The partial conversion is the bigger issue, so that's a rel...
by Chip Munk
Thu Jul 02, 2020 8:05 pm
Forum: Personal Investments
Topic: Converting VTSAX to VTI
Replies: 12
Views: 1556

Converting VTSAX to VTI

I want to convert some of the shares of VTSAX (Total Market Index Fund, Admiral shares) in my Joint account at Vanguard to VTI (the ETF equivalent), and then transfer the VTI shares to another brokerage. I've never converted any shares before so I'm not sure how it works. Can I convert just some of ...
by Chip Munk
Thu Jul 02, 2020 12:02 pm
Forum: Personal Consumer Issues
Topic: Device for men's haircuts
Replies: 50
Views: 4514

Re: Device for men's haircuts

So, I hate getting haircuts because it's none of their business what my name or phone or line of work is, and then I have to do fine tuning after I get home. I'd like to do it myself, but I figure the hair makes a big mess for me to clean up. Would someone share how they clean up their cut hair? Th...
by Chip Munk
Sun Jun 28, 2020 1:15 pm
Forum: Personal Investments
Topic: ETF Novice
Replies: 42
Views: 2274

Re: ETF Novice

I’m way out of my league here and wouldn’t even pay attention to ETF’s if I wasn’t being “ forced “ to by PAS. I’ll have to clarify again with him in a few weeks but I’m fairly confident he told me clients of PAS are going to be required to use ETF’s. He described it as being cheaper and that’s why...
by Chip Munk
Tue Jun 23, 2020 10:06 am
Forum: Personal Investments
Topic: Vanguard Personal Advisors Services
Replies: 78
Views: 5178

Re: Vanguard Personal Advisors Services

I am kind of surprised that the advisor would offer this up as an option. My sister-in-law is in the process of moving assets to Vanguard (divorce settlement) and I was thinking of advising her to do the same thing (given them a portion and then manage the rest in a similar allocation to how they a...
by Chip Munk
Tue Jun 23, 2020 8:40 am
Forum: Personal Investments
Topic: PAS advisor portfolio [Why did they setup my accounts like this?]
Replies: 184
Views: 8616

Re: PAS advisor portfolio

Yes, I don’t like spending the money for PAS either.I too am frugal. Even though I “ spent” over 200k by panicking in March. Re: the PAS fee, I try to look at the bigger picture. There are many things DH and I do ourselves now that we're retired that we used to pay other people to do. We eat more m...
by Chip Munk
Mon Jun 22, 2020 9:51 pm
Forum: Personal Investments
Topic: Vanguard Personal Advisors Services
Replies: 78
Views: 5178

Re: Vanguard Personal Advisors Services

and obviously has an awareness of them if my wife or children find the need to contact him in the future. i would make sure they are all authorized to discuss the account with him then. Other bogleheads have mentioned it's been a mess when one spouse passes away with PAS, they assign a new advisor ...
by Chip Munk
Mon Jun 22, 2020 6:06 pm
Forum: Personal Investments
Topic: PAS advisor portfolio [Why did they setup my accounts like this?]
Replies: 184
Views: 8616

Re: PAS advisor portfolio

I agree with dbr. In four days you have gone from asking a question about the different allocations in the two IRA accounts to deciding that you do not want to follow the advice provided by PAS at all, since you now disagree regarding the need for international funds. However, in your post below, y...
by Chip Munk
Sun Jun 21, 2020 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 421
Views: 48924

Re: "Open Social Security" calculator: feature requests, bug reports, etc

As of today, Open Social Security has a new feature. Specifically, the output now includes a color-coded graph that shows the desirability of a bunch of the different filing dates all at once. (In many cases, it shows all of the options, but there are some situations where a 2-dimensional graph sim...
by Chip Munk
Thu Jun 11, 2020 12:25 pm
Forum: Personal Investments
Topic: End of year Roth conversion tool?
Replies: 7
Views: 399

Re: End of year Roth conversion tool?

Last December I used this "Federal Income Tax Form 1040 (Excel Spreadsheet) Income Tax Calculator" to play with Roth conversion amounts: https://sites.google.com/site/excel1040/ There is currently a 2020 Forecast version available for download on that site. Last year I planned to convert to the top ...
by Chip Munk
Tue Jun 09, 2020 11:21 am
Forum: Personal Consumer Issues
Topic: Can I salvage this suitcase?
Replies: 38
Views: 2431

Re: Can I salvage this suitcase?

Since it's a carry on, I would be concerned that putting it in the overhead bin could subject other people's carry on, coat, etc. to any lingering odor coming from that bag. I would replace the bag.
by Chip Munk
Sun Jun 07, 2020 7:02 pm
Forum: Personal Investments
Topic: Ally, CIT Bank, Capital One, Marcus Bank -- Choice for CDs
Replies: 10
Views: 1501

Re: Ally, CIT Bank, Capital One, Marcus Bank -- Choice for CDs

I have CDs at both Capital One and Ally. I found it easy to set up and fund CDs at both places. I have also called customer support at both places and found the reps to be helpful and friendly.
by Chip Munk
Tue Jun 02, 2020 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Late husband's life insurance from childhood
Replies: 21
Views: 2620

Re: Late husband's life insurance from childhood

I bought my wife's 1/2 carat engagement ring 38 years ago using the cashed in $1000 insurance policy my parents bought when I was born. I think they bought it to cover burial costs in case I died as a child. When they knew of my plans to propose they suggested using the policy for the ring. Cheers ...
by Chip Munk
Thu May 21, 2020 12:35 pm
Forum: Personal Investments
Topic: Does Capital one send emails when their interest rate decreases?
Replies: 29
Views: 1545

Re: Does Capital one send emails when their interest rate decreases?

I'm not aware of any banks that notify account holders when interest rates drop. Cap. One recently dropped from 1.5% to 1.3% APY on their Performance Savings account (within the last week or days, I think). I first noticed the rate drop on Tuesday (5/19) afternoon. I have been checking the rate eve...
by Chip Munk
Thu May 21, 2020 11:54 am
Forum: Personal Investments
Topic: Does Capital one send emails when their interest rate decreases?
Replies: 29
Views: 1545

Re: Does Capital one send emails when their interest rate decreases?

Thanks Chip - If I may also ask when you do a direct deposit with them - how long does it take for your money to be in your account? When I deposit my money with them it takes 5 business days - during this time do you know if we earn interest? I wasn't sure and was curious myself so I looked in the...
by Chip Munk
Thu May 21, 2020 11:33 am
Forum: Personal Investments
Topic: Does Capital one send emails when their interest rate decreases?
Replies: 29
Views: 1545

Re: Does Capital one send emails when their interest rate decreases?

The most recent drop in the rate for the 360 Performance Savings account was from 1.5% to 1.3%. Prior to that I had a money market account with Capital One that experienced a couple of rate drops over the past year. I have never received any notification from Capital One about rates dropping for eit...
by Chip Munk
Tue May 19, 2020 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 Savings Promo
Replies: 108
Views: 13162

Re: Capital One 360 Savings Promo

I just checked the rate on Capital One's 360 Performance Savings account and it has been lowered to 1.3% from 1.5%.
by Chip Munk
Fri May 15, 2020 6:25 pm
Forum: Personal Investments
Topic: Investment advisor
Replies: 6
Views: 477

Re: Investment advisor

I am currently invested in mutual funds and individual stocks, and very heavy in equities, so need help with diversification. We were in a similar situation when we signed up for Vanguard's PAS. We didn't have the right investments in the right accounts, and had too much sitting in cash due to anal...
by Chip Munk
Sat May 09, 2020 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: SS Protective Filing Date and Retroactive Benefits
Replies: 6
Views: 507

Re: SS Protective Filing Date and Retroactive Benefits

You may be able to get a month out of this if you schedule late in a month for an appointment early in the next month. The chance that the local SS office can't see you for 2 months is highly unlikely - they have people retiring every month and probably have the traffic flow down pretty good. I ful...
by Chip Munk
Fri May 08, 2020 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: SS Protective Filing Date and Retroactive Benefits
Replies: 6
Views: 507

Re: SS Protective Filing Date and Retroactive Benefits

Protective finding dates appear (on quick perusal of SS website) to only apply to disability programs. Are you currently on Social Security Disability? I don't think protective filing dates apply only to disability claims but when you google the phrase, most of the results are about SSDI or SSI cla...
by Chip Munk
Fri May 08, 2020 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: SS Protective Filing Date and Retroactive Benefits
Replies: 6
Views: 507

Re: SS Protective Filing Date and Retroactive Benefits

Your benefit amount increases every month that you delay, so there is no free lunch. Your actual benefit will be permanently reduced by 4% by taking a retroactive 6 months of payments. Is getting a quick chunk of cash worth losing 4% of all your future payments? That is the battle I've been fightin...
by Chip Munk
Thu May 07, 2020 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: SS Protective Filing Date and Retroactive Benefits
Replies: 6
Views: 507

SS Protective Filing Date and Retroactive Benefits

I have a question about whether establishing a protective filing date for Social Security benefits would allow me to claim more than 6 months of retroactive benefits. I reached my FRA this year and had planned to start my benefit this month, with DH filing a restricted application for spousal benefi...
by Chip Munk
Sat May 02, 2020 5:39 pm
Forum: Investing - Theory, News & General
Topic: [Berkshire Hathaway Annual Shareholder meeting]
Replies: 49
Views: 3820

Re: Berkshire Hathaway Annual Shareholder meeting

JoMoney wrote:
Sat May 02, 2020 5:08 pm
I'm a bit delayed so I can listen with the speed stepped up a little
Thank you for this! I'm watching on YouTube, also a bit delayed, and I did not know this feature existed until I read your comment just now. Setting the Playback Speed to 1.5 is working very well.
by Chip Munk
Tue Apr 28, 2020 10:24 am
Forum: Investing - Theory, News & General
Topic: Why an increase in March IRS Minimum Present Value Segment Rates ?
Replies: 6
Views: 744

Re: Why an increase in March IRS Minimum Present Value Segment Rates ?

Thank you, Chip. Your response is most helpful. I found the definition of segment rates and documented it below. Our challenge is to find mutual funds or ETFs that correlate with the definition. While what you figured above, Chip is close enough, our challenge is to find something closer. When figu...
by Chip Munk
Mon Apr 27, 2020 2:34 am
Forum: Investing - Theory, News & General
Topic: Why an increase in March IRS Minimum Present Value Segment Rates ?
Replies: 6
Views: 744

Re: Why an increase in March IRS Minimum Present Value Segment Rates ?

I check these rates every month too and was puzzled as well. I know next to nothing about this topic and haven't been successful finding information about how these segment rates are calculated, other than that they are based at least in part on corporate bond yields. Assuming that the yields on som...
by Chip Munk
Mon Apr 13, 2020 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Quarterly Taxes
Replies: 43
Views: 2581

Re: Quarterly Taxes

I'm waiting until July 15th to pay the federal and state tax due for 2019 and the 2020 Q1 and Q2 estimated tax payments. The funds to pay our taxes are in an online savings account earning interest so I'm content to let the money sit there until July. My email client allows me to set up Tasks that p...
by Chip Munk
Fri Apr 10, 2020 1:36 am
Forum: Personal Consumer Issues
Topic: What are you doing for haircuts due to coronavirus shutdown?
Replies: 254
Views: 20880

Re: What are you doing for haircuts due to coronavirus shutdown?

Maybe it's a business opportunity to bring back the Flowbee that used to advertised on TV all the time. It cut hair as I recall but it had some kind of connection to a vacuum cleaner as well. I think that was from Wayne’s World. There’s no nice way to say this, but I would rather lose 30k then look...
by Chip Munk
Wed Apr 08, 2020 1:51 am
Forum: Personal Consumer Issues
Topic: Need to cancel or change Southwest flight, which way is best?
Replies: 6
Views: 588

Re: Need to cancel or change Southwest flight, which way is best?

It's easier to Change a flight than to Cancel and Book a new flight. The funds used for the original flight are automatically applied to the new one, including the Security fee. The original confirmation number carries over to the new flight so if you purchased EBCI (Early Bird Check-In), since it i...
by Chip Munk
Sun Apr 05, 2020 12:52 am
Forum: Personal Finance (Not Investing)
Topic: Massachusetts 2020 Q1+Q2 Est'd Tax Due Dates Extended
Replies: 1
Views: 220

Re: Massachusetts 2020 Q1+Q2 Est'd Tax Due Dates Extended

There is now an official announcement about the due date extension for the Q1 and Q2 2020 estimated tax payments: https://www.mass.gov/technical-information-release/tir-20-4-tax-filing-and-payment-relief-for-personal-income-and Pursuant to that authority, the Commissioner has determined that the fir...
by Chip Munk
Tue Mar 31, 2020 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Massachusetts 2020 Q1+Q2 Est'd Tax Due Dates Extended
Replies: 1
Views: 220

Massachusetts 2020 Q1+Q2 Est'd Tax Due Dates Extended

I called the Massachusetts DOR (Dept of Revenue) earlier today to ask about the due dates for the Q1 estimated tax payment since the website was still showing the payment was due on April 15th, even though the filing deadline and payment date for 2019 tax due had been extended to July 15th, and the ...
by Chip Munk
Fri Mar 27, 2020 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: RMDs May Not Be Required for 2020
Replies: 142
Views: 9907

Re: IRS Suspends RMD

Does anyone know if the waiver applies to the final RMD for someone who passed away in 2020? I will be receiving an Inherited IRA sometime this year and was prepared to split the final RMD among my siblings, but maybe we don't need to take that RMD after all? The wise and all-knowing Alan S. answer...
by Chip Munk
Fri Mar 27, 2020 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: RMDs May Not Be Required for 2020
Replies: 142
Views: 9907

Re: IRS Suspends RMD

Does anyone know if the waiver applies to the final RMD for someone who passed away in 2020? I will be receiving an Inherited IRA sometime this year and was prepared to split the final RMD among my siblings, but maybe we don't need to take that RMD after all?
by Chip Munk
Sun Mar 22, 2020 7:00 pm
Forum: Personal Investments
Topic: Tax Consequences on selling inherited Stock & Bond Funds
Replies: 5
Views: 341

Re: Tax Consequences on selling inherited Stock & Bond Funds

Originally we wanted Fidelity to just transfer the mother's funds directly into our joint account but they insisted the wife must establish an individual account to receive the funds. That's interesting. I went through this recently and was able to have the shares put into our joint account at Fide...
by Chip Munk
Sun Mar 22, 2020 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Ally 1% bonus, up to $250, sign up by 3/23
Replies: 190
Views: 15661

Re: Ally 1% bonus, up to $250

I opened the 1.75 percent 11 month No Penalty CD on March 14th and immediately funded through ACH from an existing bank in my Ally profile. Now that the funds are showing today, my CD rate is listed as 1.5 percent, which is the No Penalty CD rate as of today. Is that the way it's supposed to work? ...
by Chip Munk
Wed Mar 18, 2020 4:49 pm
Forum: Personal Investments
Topic: Early Retired and Seeking Roth Conversion Advice
Replies: 4
Views: 308

Re: Early Retired and Seeking Roth Conversion Advice

You don't mention having any Traditional IRAs but if you do and they contain non-deductible contributions, you should convert the T-IRA first and delay rolling your 401k into a T-IRA until the following year, due to the pro-rata rule. DH was in that situation so we converted his entire T-IRA the fir...
by Chip Munk
Wed Mar 18, 2020 1:58 pm
Forum: Personal Investments
Topic: Bank CDs or savings/checking account - which bank?
Replies: 4
Views: 419

Re: Bank CDs or savings/checking account - which bank?

I forgot to mention, Ally has a promotion going on now where you get a bonus if you transfer new money to Ally, and I think it includes CDs. It is being discussed here: viewtopic.php?f=2&t=307264&newpost=5108647
by Chip Munk
Wed Mar 18, 2020 1:29 pm
Forum: Personal Investments
Topic: Bank CDs or savings/checking account - which bank?
Replies: 4
Views: 419

Re: Bank CDs or savings/checking account - which bank?

I recently opened CDs at Ally Bank and it was very easy. You can compare their CD rates here: https://www.ally.com/bank/cd-rates/ You open the account online and if you fund the CD within 10 calendar days, you get the highest rate in effect during that 10-day window. If you don't get the money in wi...
by Chip Munk
Mon Mar 16, 2020 1:51 am
Forum: Personal Investments
Topic: If under FDIC limit, move all intermediate bonds to No-Penalty CD?
Replies: 24
Views: 1312

Re: If under FDIC limit, move all intermediate bonds to No-Penalty CD?

Yes. After opening the CD, you select the option to fund later or click to go back to the home/overview screen of your accounts. Then, at a later time (within 10 days I think), you select the CD in question and select “deposit checks” or “transfers”. I think the CD maturity date may be set when you...
by Chip Munk
Mon Mar 09, 2020 2:03 pm
Forum: Personal Investments
Topic: sell at loss then buy VTI?
Replies: 5
Views: 503

Re: sell at loss then buy VTI?

How does the settlement period work if the money needed to buy VTI is coming from the sale of something else? Can this be done on the same day, or do you have to sell your shares, wait a day or two for the trade to settle and then purchase VTI? I'm considering doing something similar (but selling a ...
by Chip Munk
Wed Mar 04, 2020 10:10 pm
Forum: Personal Investments
Topic: Partial Roth conversion
Replies: 11
Views: 717

Re: Partial Roth conversion

And one more option: It's also possible to do a Roth conversion at Vanguard via an in-kind transfer over the phone with a customer service rep. If you ask to transfer a fixed dollar amount, they use the previous day's closing price and calculate the number of shares to transfer. They can only go out...
by Chip Munk
Wed Mar 04, 2020 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Turbotax Error
Replies: 10
Views: 914

Re: Turbotax Error

Several years ago I found a bug in Turbo Tax. I reported it and they acknowledged it was a bug. They did not fix the bug until the following year, even though I think it would have been a fairly easy fix. Fortunately I figured out how to work around the bug and I was able to complete my return and e...
by Chip Munk
Wed Mar 04, 2020 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Ally 1.9% or Vanguard Treasury MM 1.51%? I live in CA
Replies: 36
Views: 3848

Re: Ally 1.9% or Vanguard Treasury MM 1.51%? I live in CA

If Ally drops the rate on the 13-month NP CD after the account is open but before the bank transfer is completed to the fund the CD, does Ally honor the higher rate? Ally advertises a 10-day best rate guarantee: if you fund your CD within 10 days of opening it, you get the best rate offered within ...
by Chip Munk
Tue Mar 03, 2020 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Ally 1.9% or Vanguard Treasury MM 1.51%? I live in CA
Replies: 36
Views: 3848

Re: Ally 1.9% or Vanguard Treasury MM 1.51%? I live in CA

If Ally drops the rate on the 13-month NP CD after the account is open but before the bank transfer is completed to the fund the CD, does Ally honor the higher rate? Ally advertises a 10-day best rate guarantee: if you fund your CD within 10 days of opening it, you get the best rate offered within ...