Search found 33 matches

by AvidGardener
Sat Jun 27, 2020 4:35 pm
Forum: Investing - Theory, News & General
Topic: Quick question regarding delayed SS for brother
Replies: 6
Views: 424

Re: Quick question regarding delayed SS for brother

Thank you all kindly for the information. I'm CSRS Fed retiree who will never collect SS (paid in during my teen years).
I will give my brother all the much appreciated excellent advice, links and information plus review with him.
Thank you, love all the kind ppl in this forum!
by AvidGardener
Sat Jun 27, 2020 2:43 pm
Forum: Investing - Theory, News & General
Topic: Quick question regarding delayed SS for brother
Replies: 6
Views: 424

Re: Quick question regarding delayed SS for brother

Thank you for the suggestion but my brother has extreame dyslexia. He does have many other talents like he's a master fisherman and mechanically inclined to troubleshoot / repair / design most anything.
by AvidGardener
Sat Jun 27, 2020 2:08 pm
Forum: Investing - Theory, News & General
Topic: Quick question regarding delayed SS for brother
Replies: 6
Views: 424

Quick question regarding delayed SS for brother

Brother born 1959 will retire at age 65 (2024)and intends to start SS at that time. I suggested he delay claiming SS until age 70 for max SS benefit if he is able to bridge / fund (401k withdrawal) his living expenses for the 5 years until age 70. Brother thinks if he doesn't have earned income up t...
by AvidGardener
Thu Jun 25, 2020 9:07 am
Forum: Personal Investments
Topic: Sell 40k taxable Total Bond to buy 2.25% CD question
Replies: 7
Views: 953

Re: Sell 40k taxable Total Bond to buy 2.25% CD question

BL and R G. I really appreciate your help and for sharing your knowledge!
I feel confident enough now, rather than just wondering, to make an informed decision. Thank you so much.
by AvidGardener
Thu Jun 25, 2020 12:03 am
Forum: Personal Investments
Topic: Sell 40k taxable Total Bond to buy 2.25% CD question
Replies: 7
Views: 953

Re: Sell 40k taxable Total Bond to buy 2.25% CD question

Thank you BL for providing the cap to stay in the 12% bracket. I probably need to review current distributions for 2020 and estimate 3rd and 4th quarter distributions plus his interest income to see if dad's going to be over 12% tax bracket since it's so close. Yes, taxes are complicated! I'm invest...
by AvidGardener
Wed Jun 24, 2020 10:58 pm
Forum: Personal Investments
Topic: Sell 40k taxable Total Bond to buy 2.25% CD question
Replies: 7
Views: 953

Re: Sell 40k taxable Total Bond to buy 2.25% CD question

Thank you for your reply, Dad doesn't collect social security only his Government CSRS pension. Adjusted gross income 2019 $51k, Federal Taxable income 37k. Long term gains are modest $4400 Oh, I see, if i consumed all the LT gains, that would increase dad's taxable income to approx 42k. Would I nee...
by AvidGardener
Wed Jun 24, 2020 9:47 pm
Forum: Personal Investments
Topic: Sell 40k taxable Total Bond to buy 2.25% CD question
Replies: 7
Views: 953

Sell 40k taxable Total Bond to buy 2.25% CD question

Dad has an add on CD at NFCU (75kmax) that matures in July 2021. I am considering selling 40k VBTLX Total Bond Index in taxable to reach the CD maximum. Dad is 88 and has progressing dementia. As Trustee am wondering if I should just continue slowly adding to the CD with pension or sell TB long term...
by AvidGardener
Fri Jun 12, 2020 6:42 am
Forum: Personal Investments
Topic: Short-term investment to replace with VUSXX (Vanguard Treasury Money Market Fund)
Replies: 14
Views: 1415

Re: Short-term investment to replace with VUSXX (Vanguard Treasury Money Market Fund)

I noticed Ally is advertising new reduced rates on their HYS this morning. I'm unsure if they also reduced their no penalty cd rate.
by AvidGardener
Mon May 04, 2020 11:51 am
Forum: Personal Investments
Topic: CDs as your fixed income, bonds, or both?
Replies: 13
Views: 1585

Re: CDs as your fixed income, bonds, or both?

Dad's Trust has a large CD maturing in June. I'm considering purchasing Ultra Short Term Bond Index VUBFX er 0.10 30d SEC 2.17% The Trust already met the goal of 100k in Total Bond Index VBTLX er 0.05 30d SEC 1.61% that I'm letting ride. That still leave around 100k invested in CDs in no penalty All...
by AvidGardener
Sun Jan 12, 2020 2:18 pm
Forum: Personal Investments
Topic: Assisting Parent with Dementia
Replies: 25
Views: 3450

Re: Assisting Parent with Dementia

Gratefully dad ask for help over three years ago when he was unable to handle routine financial matters and grocery shopping. A friend recommended an excellent Trust atty who updated my parent's Trust from the 80's (which I was already listed as Executor). The Trust atty brilliantly added my name as...
by AvidGardener
Mon Dec 09, 2019 11:48 am
Forum: Personal Investments
Topic: Need Additional International
Replies: 12
Views: 739

Re: Need Additional International

I picked up a small % of the new VWICX International Core actively managed er 0.45 to fill the gap of desired AA portfolio International % . Only time will tell if fund managers can beat/match VTIAX and if the higher er is worth the extra costs
by AvidGardener
Sat Nov 23, 2019 3:07 pm
Forum: Personal Investments
Topic: Portfolio review (age 87)
Replies: 7
Views: 803

Re: Portfolio review (age 87)

Thank you for the response Ohai, yes, hopefully dad will reach the big milestone of a century on earth since he has no health concerns other than normal age appropriate ailments. Dad's max AA 40/60 seems reasonable.
Like Watty mentioned with warning, I could always adjust my own portfolio.
by AvidGardener
Sat Nov 23, 2019 2:17 pm
Forum: Personal Investments
Topic: Portfolio review (age 87)
Replies: 7
Views: 803

Re: Portfolio review (age 87)

Thank you Watty, yes, all of dad's funds will be used towards his needs and future care. One of the goals is to beat inflation, Interesting, I have not considered adjusting my AA (currently 56/44) in preparation of inheritance. At my age (59), my risk tolerance max is 60/40 and that's with a CSR pen...
by AvidGardener
Sat Nov 23, 2019 12:57 pm
Forum: Personal Investments
Topic: Portfolio review (age 87)
Replies: 7
Views: 803

Re: Portfolio review (age 87)

Thank you Homestretch and mhalley for your recommendations! I have been slowly adding the 2k towards AA. I realize now I should have lump sum in. I will go ahead an wire his 50k to the Settlement Fund an wait until "I'm feeling lucky" day to buy more TB, TS & T Int S Very grateful for your advice, C...
by AvidGardener
Sat Nov 23, 2019 11:43 am
Forum: Personal Investments
Topic: Portfolio review (age 87)
Replies: 7
Views: 803

Portfolio review (age 87)

Emergency funds: yes Debt: none Tax Filing Status: single Tax Rate: 12%? Federal, 0% State State of Residence: Oklahoma Age: 87 Desired Asset allocation: 30% stocks / 60% bonds Desired International allocation: 10% of stocks Please provide a hint as to the size of your current total portfolio: mid ...
by AvidGardener
Tue Sep 17, 2019 8:43 pm
Forum: Personal Investments
Topic: What's the BEST money market fund now?
Replies: 7
Views: 2078

Re: What's the BEST money market fund now?

VMFXX Fed MM (settlement fund) 2.03% 7 day SEC VMMXX Prime MM 2.07% 7 day SEC All American/Redneck Bank MM 2.40% <$50k then 0.50%>$50k Redstone FCU <$2500 5.09% then 0.70%>$2500 (being a US Veteran qualifies membership) Popular Direct 2.50% limit unkn Wealthfront 2.32% Ally Bank 1.9% Goggle MM or HY...
by AvidGardener
Sun Sep 08, 2019 9:25 pm
Forum: Personal Investments
Topic: Irrevocable Trust funds allocation for Mom
Replies: 9
Views: 1125

Re: Irrevocable Trust funds allocation for Mom

My aging parent's mid six figure Living Trust portfolio current AA is 24% stock/ 6% International/ 51% VBTLX Total bond +CDs/ 19% Cash in HYS account paying 2.4% and two Rewards checking accounts earning 3% and 4%
by AvidGardener
Thu Aug 29, 2019 8:40 pm
Forum: Personal Investments
Topic: Investing Father's Assets Who Is In Nursing Home (POA)
Replies: 68
Views: 5107

Re: Investing Father's Assets Who Is In Nursing Home (POA)

$5400 is a reasonable fee for the revocable living trust documents. The Trust only prevents probate on assets titled to the Trust name . The trust attorney should file paperwork to retitle the home to the Trust name. Also, the Trust attorney should list all known assets in the Trust document, includ...
by AvidGardener
Sun Aug 25, 2019 9:51 pm
Forum: Personal Investments
Topic: Advise for my dad
Replies: 18
Views: 1692

Re: Advise for my dad

For me after establishing 3 month expenses/emergency fund, I opened my vanguard taxable brokage with VGSTX Vanguard Star $1000 minimum er 0.31. I add a modest amount monthly. Once that reaches 6k I may exchange 3k to add VTSAX Vanguard Total Stock. I also have an EasyStart NFCU 1 year CD paying 3.5%...
by AvidGardener
Fri Aug 16, 2019 2:17 pm
Forum: Personal Investments
Topic: Whats the Best 12-18 month CD
Replies: 12
Views: 1384

Re: Whats the Best 12-18 month CD

Navy Federal CU is offering 18mth 3% CD

https://www.navyfederal.org/products-se ... -rates.php
by AvidGardener
Wed Aug 14, 2019 9:57 pm
Forum: Personal Investments
Topic: Investing Father's Assets Who Is In Nursing Home (POA)
Replies: 68
Views: 5107

Re: Investing Father's Assets Who Is In Nursing Home (POA)

I am co-trustee of my 87yo dad's Living Revocable Trust mid 6 figures. Every penny that my dad saved and invested will be used for his confort and care during his twilight years. Any assets remaining will equally go heirs including the sale of his home.
by AvidGardener
Mon Aug 12, 2019 5:35 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard ongoing glitches, August 12-13, 2019]
Replies: 256
Views: 18824

Wellesley 56.05% drop today

[Thread merged into here, see below (next page). --admin LadyGeek]

What happened?!? Wellesley VWIAX was around $64.96 per share. I just looked, it's $28.62, losing $36.50 per share today. A 56.05% drop :confused
by AvidGardener
Tue Aug 06, 2019 8:40 am
Forum: Personal Investments
Topic: Ally & Marcus Dropping Some Interest Rates (Title Edited 8-8-19)
Replies: 59
Views: 8974

Re: Ally Dropping Interest Rate on their Online Savings Account 8-6-19

Snowman, Thank you for the info. We already have Redneck bank at 3% hy checking max of 10k with a few hoops. Now considering adding LMCU hy checking, thanks again
by AvidGardener
Tue Jul 16, 2019 11:10 pm
Forum: Personal Investments
Topic: Safest way to invest $1 mil for individual with cognitive impairment to protect their assets?
Replies: 33
Views: 4049

Re: Safest way to invest $1 mil for individual with cognitive impairment to protect their assets?

When updating dad's Trust at age 86, the trust atty recommended that I be named co-trustee. From that point on I've handled all of dad's investments and expenses. Dad wasn't savvy with past investments. Didn't even know what a CD is. He lives modest and had saved quite a bit of his pension for decad...
by AvidGardener
Fri Jul 12, 2019 10:10 am
Forum: Personal Investments
Topic: Failed to max out 401k before retiring
Replies: 4
Views: 1045

Re: Failed to max out 401k before retiring

Thank you HomeStretch, Yes! I have a few savings bonds, I'll look into purchasing more.
by AvidGardener
Fri Jul 12, 2019 7:32 am
Forum: Personal Investments
Topic: Failed to max out 401k before retiring
Replies: 4
Views: 1045

Re: Failed to max out 401k before retiring

Thank you for your response! No, I am not eligible to contribute to HSA at this time. Apprears a taxable brokerage is my only option.
by AvidGardener
Fri Jul 12, 2019 6:49 am
Forum: Personal Investments
Topic: Failed to max out 401k before retiring
Replies: 4
Views: 1045

Failed to max out 401k before retiring

I failed to maximize my tax deferred TSP (19k+6k) before I retired May 19. I am planning on placing 7k in a Roth sometime in November. Is there another avenue I may add taxed $ to max out tax deferred retirement savings? This is the last year I will have w-2 income. Thank you!
by AvidGardener
Wed Jul 10, 2019 9:10 pm
Forum: Personal Investments
Topic: variable life what to do with massive policy
Replies: 7
Views: 867

Re: variable life what to do with massive policy

Yes, I cashed out 6 terrible investments (my dad's) for a loss around 18k of the principle plus the decade the 190k was not invested properly. There's one more policy remaining, dad paid $137k; POD $143k; surrender value $111k that I am hesitate to cash out because I am unsure if able to recoup loss...
by AvidGardener
Sun Apr 21, 2019 8:09 am
Forum: Personal Investments
Topic: Saved over 80k, should I look for a Savings or MMA?
Replies: 15
Views: 2366

Re: Saved over 80k, should I look for a Savings or MMA?

All American/Redneck Bank FDIC mega money market pays 2.5% on balances <$50k. The checking pays 3% if you use the debit card 10 times per month on the 20th-20th of the month. located in Mustang Okla :D
by AvidGardener
Tue Apr 16, 2019 4:14 pm
Forum: Personal Investments
Topic: Continue to buy Bonds in Taxable?
Replies: 6
Views: 799

Re: Continue to buy Bonds in Taxable?

The goal is to take care of dad for the next decade or so. There is desire for growth of dad's savings, because of terrible annunities investments sold by a snake 10 years ago, earning only 0.85 on 75% of the money(now rectified/withdrawal). Plus a large sum earning zero % in checking for decades at...
by AvidGardener
Tue Apr 16, 2019 8:29 am
Forum: Personal Investments
Topic: Continue to buy Bonds in Taxable?
Replies: 6
Views: 799

Re: Continue to buy Bonds in Taxable?

The remaining 47% is CDs which mature over the next 12 months. Dad's tax lady suggested to stop buying CDs due to penalties if cashed early.
Thank you for your reply, actually we already purchased 3k of each fund, which I will probably exchange soon. Desired allocation is 30S/50B/20cash.
by AvidGardener
Mon Apr 15, 2019 11:59 pm
Forum: Personal Investments
Topic: Continue to buy Bonds in Taxable?
Replies: 6
Views: 799

Continue to buy Bonds in Taxable?

Soon I will upload portfolio for review (in correct format). Currently have 38% in VBTLX Total Bond in Taxable. Tax rate is 12%. Preparing to purchase additional Bonds (110k). Should I add all the funds to VBTLX Total Bonds since the tax rate is <30%? or should I add: VWIUX 50k Tax Exempt Intermedia...