Search found 105 matches

by SxSW
Sun Oct 11, 2020 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Social security. Take it at 62 [Motley Fool article]
Replies: 222
Views: 18613

Re: Social security. Take it at 62

A couple of questions to ask yourself:

Is it my primary goal in retirement to get as much as I can as quickly as I can from Social Security? Or are there other priorities, such as making sure I have income regardless of how long I live?
by SxSW
Sun Oct 04, 2020 10:58 am
Forum: Investing - Theory, News & General
Topic: Vanguard is pushing Personal Advisory Services
Replies: 91
Views: 7398

Re: Vanguard is pushing Personal Advisory Services

Also it sounds like Vanguard's advisory service only recommends Vanguard products. That immediately calls into question their fiduciary commitment. Only if there are investors for whom those funds might be inappropriate. Can you think of anyone? We know there is no actual profit or commissions gene...
by SxSW
Sun Oct 04, 2020 10:56 am
Forum: Personal Consumer Issues
Topic: Feedback/Tips -Texas to Grand Canyon to Utah and Back
Replies: 26
Views: 1522

Re: Feedback/Tips -Texas to Grand Canyon to Utah and Back

Zion is spectacular and worth several days to say the least. Canyonlands has several different areas, each worth at least a day. When in that area, you'll want to spend a day or so at Dead Horse Point State Park, which is like a miniature version of the Grand Canyon. You may want to scale back the t...
by SxSW
Sat Oct 03, 2020 10:03 am
Forum: Investing - Theory, News & General
Topic: Vanguard is pushing Personal Advisory Services
Replies: 91
Views: 7398

Re: Vanguard is pushing Personal Advisory Services

Also it sounds like Vanguard's advisory service only recommends Vanguard products. That immediately calls into question their fiduciary commitment. Only if there are investors for whom those funds might be inappropriate. Can you think of anyone? We know there is no actual profit or commissions gene...
by SxSW
Wed Sep 30, 2020 12:41 am
Forum: Investing - Theory, News & General
Topic: Vanguard is pushing Personal Advisory Services
Replies: 91
Views: 7398

Re: Vanguard is pushing Personal Advisory Services

TropikThunder wrote: Tue Sep 29, 2020 11:03 pm
Small Law Survivor wrote: Tue Sep 29, 2020 10:32 pm I have a named V. rep. She calls me up a few times a year out of the blue, just to talk, seemingly for nothing.
If she's bored or lonely, maybe she could jump in the general CSR queue for a bit?
And take a pay cut?
by SxSW
Tue Sep 29, 2020 9:12 am
Forum: Investing - Theory, News & General
Topic: Vanguard will be moving their mail operations to El Paso in the future
Replies: 48
Views: 8018

Re: Vanguard will be moving their mail operations to El Paso in the future

The concern is contractors will have access to our accounts and personal information. I have to mail checks once a year, there is no other way for me to do it as I'm a limited agent on two accounts; I don't have electronic bank deposit or withdrawal access. This really bothers me. :annoyed You real...
by SxSW
Sun Sep 20, 2020 4:42 pm
Forum: Personal Investments
Topic: Switch employers - Transfer of old 401k to new employer
Replies: 29
Views: 1926

Re: Switch employers - Transfer of old 401k to new employer

WFC has a very archaic process for transferring funds to Vanguard. WFC will mail paper check to me after my request and I need to mail same paper check to Vanguard. This process could take 2 weeks! What is the best way to minimize this transfer period. This is not archaic; this is standard rollover...
by SxSW
Thu Sep 17, 2020 10:55 am
Forum: Investing - Theory, News & General
Topic: Questions to ask a prospective financial advisor
Replies: 112
Views: 4996

Re: Questions to ask a prospective financial advisor

^Actually, I'm being serious. The people on this board constantly say "The client is getting screwed and they don't know how. They don't know how much they're paying when they pay a 1% fee." Really? And you think they can make decisions about which of the 5000 different mutual funds they should pur...
by SxSW
Thu Sep 17, 2020 10:26 am
Forum: Personal Investments
Topic: Vanguard Opening Account - The Old School Way
Replies: 13
Views: 1009

Re: Vanguard Opening Account - The Old School Way

If you send in an account application with an actual (non-voided) check, they process the application within 24 hours. But I was just following the instructions they gave me which was to send a "voided" check. :o I realize that, but you apparently spoke to a rep who didn't give you all the relevant...
by SxSW
Wed Sep 16, 2020 8:31 pm
Forum: Personal Investments
Topic: Vanguard Opening Account - The Old School Way
Replies: 13
Views: 1009

Re: Vanguard Opening Account - The Old School Way

If you send in an account application with an actual (non-voided) check, they process the application within 24 hours.
by SxSW
Tue Sep 15, 2020 11:09 pm
Forum: Personal Finance (Not Investing)
Topic: Misspelled Trust Name in IRS Form
Replies: 19
Views: 1249

Re: Misspelled Trust Name in IRS Form

A misspelling, even one letter, can cause difficulty if the legal trust docs don't match. Your attorney should get this fixed at his expense.
by SxSW
Tue Sep 15, 2020 11:03 pm
Forum: Personal Investments
Topic: Vanguard vs Fidelity vs E-Trade..etc Customer Service
Replies: 22
Views: 1482

Re: Vanguard vs Fidelity vs E-Trade..etc Customer Service

UpperNwGuy wrote: Tue Sep 15, 2020 9:45 pm What does a customer service representative do for you?
In my experience, they make mistakes processing my roll-ins and then give me the wrong information when I call to fix it.
by SxSW
Tue Sep 08, 2020 7:10 pm
Forum: Personal Investments
Topic: RESOLVED - Vanguard Annual Fee - Charged in Error
Replies: 16
Views: 1844

Re: Vanguard Annual Fee - Charged in Error

Turns out that Vanguard didn't reimburse it in the end, and I'm now following up again. Quite disappointing to be promised it initially and for Vanguard not to follow through, however, they are looking into it again and are going to try to make sure it does get reimbursed. The person I talk to ther...
by SxSW
Sun Sep 06, 2020 12:52 pm
Forum: Personal Investments
Topic: Do I really own anything if everything can require a Medallion signature which I can never get?
Replies: 71
Views: 7859

Re: Do I really own anything if everything can require a Medallion signature which I can never get?

Appreciate all the responses so far. Assuming all my accounts are exclusively in my name and names match up, would doing an ACATS transfer ever need a medallion signature? I saw _one_ post in another thread saying that ACATS doesn't need it. But not sure if that is one off or always the case. If th...
by SxSW
Thu Sep 03, 2020 10:36 am
Forum: Investing - Theory, News & General
Topic: Vanguard to shift accounts to brokerage?
Replies: 76
Views: 4156

Re: Vanguard to shift accounts to brokerage?

Not a lawyer but if the features they dropped amounted to denying you access to your monies and ability to invest then there could be a lawsuit. Remember we have clever lawyers who like to file class actions. It seems, unfortunately, this is sometime the only way for corporations to behave responsi...
by SxSW
Wed Sep 02, 2020 7:58 pm
Forum: Investing - Theory, News & General
Topic: Vanguard to shift accounts to brokerage?
Replies: 76
Views: 4156

Re: Vanguard to shift accounts to brokerage?

Not a lawyer but if the features they dropped amounted to denying you access to your monies and ability to invest then there could be a lawsuit. Remember we have clever lawyers who like to file class actions. It seems, unfortunately, this is sometime the only way for corporations to behave responsi...
by SxSW
Mon Aug 31, 2020 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity sent information packet about my Solo 401k to my wife
Replies: 28
Views: 3360

Re: Fidelity sent information packet about my Solo 401k to my wife

Regardless of any householding selections you made, account info on individual accounts should only be directed to the account owner. This sounds like a privacy violation to me, and Fidelity should be notified.
by SxSW
Sun Aug 30, 2020 9:39 am
Forum: Personal Investments
Topic: Fidelity 401k to Vanguard 401k direct rollover not possible?
Replies: 19
Views: 1147

Re: Fidelity 401k to Vanguard 401k direct rollover not possible?

I figure that there should be an option to directly transfer the shares without having to sell them, and I really don't want to have to do the liquidation option and have to deal with 10-40+ days being out of the market along with any market volatility. Do I really only have the option to liquidate...
by SxSW
Wed Aug 26, 2020 11:47 pm
Forum: Investing - Theory, News & General
Topic: Why does Vanguard hide its phone number?
Replies: 52
Views: 4738

Re: Why does Vanguard hide its phone number?

A few minutes searching and poking around the website produces this list: General Customer Service 877-662-7447 Core 800-662-2739 Voyager/Voyager Select 800-284-7245 Flagship 800-345-1344 Brokerage Services 800-992-8327 Large Transactions 610-669-4495 CD Orders 800-669-0516 Complex IRA Transactions ...
by SxSW
Wed Aug 19, 2020 9:34 am
Forum: Investing - Theory, News & General
Topic: Vanguard Flagship Services -- Another One Bites the Dust
Replies: 66
Views: 12578

Re: Vanguard Flagship Services -- Another One Bites the Dust

The primary job requirements for Flagship and PAS seemed to be "are they young" and "do they drink the Vanguard Kool-Aid", not "are they competent" and "can they reliably provide holistic guidance and/or advice". Young = cheap and compliant. It is quite problematic to have crew tasked with minister...
by SxSW
Fri Aug 14, 2020 9:28 am
Forum: Investing - Theory, News & General
Topic: Vanguard "sunsetting" CFP consultations
Replies: 137
Views: 11669

Re: Vanguard "sunsetting" CFP consultations

Vanguard claims to offer 'white glove' service, using that actual phrase. Do you have a link? The only Vanguard I can find with a quick search that claims to offer white glove service is a moving company. It was years ago on some kind of recruiting advertising I'd received, but I do remember that p...
by SxSW
Fri Aug 14, 2020 8:59 am
Forum: Investing - Theory, News & General
Topic: Vanguard "sunsetting" CFP consultations
Replies: 137
Views: 11669

Re: Vanguard "sunsetting" CFP consultations

zaboomafoozarg wrote: Sun Aug 09, 2020 9:54 am A lot of people seemed to expect some 'white-glove' service. I don't care about that, just give me cheap and decent.
Vanguard claims to offer 'white glove' service, using that actual phrase.
by SxSW
Thu Aug 13, 2020 11:55 pm
Forum: Personal Investments
Topic: would you pay $140 to sell funds at vanguard?
Replies: 21
Views: 1704

Re: would you pay $140 to sell funds at vanguard?

If it was an electronic transfer initiated before the sell order, once the request was received the funds could have been locked and it might not have been possible to sell the funds at that point. But if you gave 'good order' instructions on a recorded line ahead of time, you may have grounds for a...
by SxSW
Sat Aug 08, 2020 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Why would my employer limit after-tax 401k contributions to a small single digit percentage?
Replies: 20
Views: 1993

Re: Why would my employer limit after-tax 401k contributions to a small single digit percentage?

It could be that after you hit the $19.5K limit plus the catch-up limit of $6500 plus your employer contribution, all it takes is a small contribution into After Tax to hit the overall maximum contribution limit for your plan. There are also certain ratios an employer must maintain to adhere to HCE ...
by SxSW
Sat Aug 08, 2020 8:24 am
Forum: Investing - Theory, News & General
Topic: Vanguard "sunsetting" CFP consultations
Replies: 137
Views: 11669

Re: Vanguard "sunsetting" CFP consultations

marcopolo wrote: Fri Aug 07, 2020 8:13 pm
Imagine, the evil profit driven company providing superior service, and the altruistic "we are owners" company being less than friendly towards it's customer owners...
It's unthinkable, but there it is . . . the thing they said couldn't happen.
by SxSW
Mon Aug 03, 2020 9:15 pm
Forum: Personal Investments
Topic: Is it possible to disable online access to Vanguard?
Replies: 53
Views: 3562

Re: Is it possible to disable online access to Vanguard?

Vanguard's physical offices are located at Charlotte, North Carolina Scottsdale, Arizona Valley Forge, Pennsylvania Washington, D.C. Has anyone actually gone to the AZ campus? Has the AZ Bogleheads group had any Vanguard attendees? You can make an appointment to meet with a rep on campus, but why w...
by SxSW
Sun Aug 02, 2020 12:56 pm
Forum: Personal Investments
Topic: Is it possible to disable online access to Vanguard?
Replies: 53
Views: 3562

Re: Is it possible to disable online access to Vanguard?

Vanguard's physical offices are located at Charlotte, North Carolina Scottsdale, Arizona Valley Forge, Pennsylvania Washington, D.C. Has anyone actually gone to the AZ campus? Has the AZ Bogleheads group had any Vanguard attendees? You can make an appointment to meet with a rep on campus, but why w...
by SxSW
Sat Aug 01, 2020 11:05 pm
Forum: Personal Consumer Issues
Topic: Buying a new car using Costco
Replies: 42
Views: 4509

Re: Buying a new car using Costco

Costco is about the same as going through the fleet department. Some dealers won't honor a Costco referral, or will claim it doesn't apply to the model you want.
by SxSW
Fri Jul 31, 2020 9:00 pm
Forum: Personal Investments
Topic: Poor service at Vanguard making me re-think my decision
Replies: 96
Views: 8252

Re: Poor service at Vanguard making me re-think my decision

Some quotes from the article: Vanguard’s Partnership Plan pays out millions of dollars a year to Vanguard’s top executives, while limiting most employees to a bonus that is calculated using a set of variables related to their job “grade” and tenure to determine the payout... Previously, tenured emp...
by SxSW
Fri Jul 31, 2020 8:35 am
Forum: Personal Investments
Topic: Poor service at Vanguard making me re-think my decision
Replies: 96
Views: 8252

Re: Poor service at Vanguard making me re-think my decision

dave1054 wrote: Wed Jul 29, 2020 7:02 pm Vanguard will not up sell like other brokerages and this is a significant issue when the surviving spouse is not financially savvy.

Of course they will. Vanguard has sales departments like any other brokerage firm.
by SxSW
Tue Jul 28, 2020 7:01 pm
Forum: Personal Investments
Topic: 401k Help - Target Date Fund
Replies: 17
Views: 965

Re: 401k Help - Target Date Fund

Unhandled wrote: Tue Jul 28, 2020 11:30 am Employer sponsored plans always have higher expense ratios.
Not if they're using institutional class funds, in which case they'll have extremely low expense ratios.
by SxSW
Fri Jul 24, 2020 9:30 pm
Forum: Personal Investments
Topic: Timeline for moving IRA to Vanguard
Replies: 6
Views: 450

Re: Timeline for moving IRA to Vanguard

I have a done few 401k rollovers in the past few years to Vanguard. They all took around 2 weeks. A rollover and a transfer are two different things. If it's an ACAT transfer it should take about 6 business days once initiated. You didn't specify the method, so it's hard to say for sure. 4 to 6 wee...
by SxSW
Fri Jul 17, 2020 10:19 pm
Forum: Personal Investments
Topic: Jack and Vanguard Faithful Considering Fidelity Index Funds for Zero Minimum Investment
Replies: 103
Views: 8770

Re: The cost of small investments

I remember my first Boglehead Conference with Mr. Bogle at my home in March, 2000. We spent about an hour asking questions. One of of the questions was about Vanguard's high minimum investment. His reply (if my memory is correct) was: "It costs Vanguard about $2,500 to open an account. That number ...
by SxSW
Tue Jul 14, 2020 8:32 am
Forum: Personal Consumer Issues
Topic: Debt collection response
Replies: 16
Views: 1577

Re: Debt collection response

I used to work in collections. If you send them a "drop dead" letter, the next step would be for them to sue you if they feel it would be worth the effort. If the debt is more than a couple hundred dollars and they know where you work, or can easily find out, it's worth the effort because they can o...
by SxSW
Mon Jul 13, 2020 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: HELP! Columbia Threadneedle, Medallion Signatures, Notorized Doctor's Letter!
Replies: 22
Views: 2280

Re: HELP! Columbia Threadneedle, Medallion Signatures, Notorized Doctor's Letter!

You'd need to hire a mobile notary to visit the doctor to get the document notarized.
by SxSW
Fri Jul 10, 2020 8:41 pm
Forum: Personal Investments
Topic: Highly compensated employees(HCE) and 401K
Replies: 12
Views: 1404

Re: Highly compensated employees(HCE) and 401K

You would need to speak to your plan representative for details.
by SxSW
Tue Jul 07, 2020 8:42 pm
Forum: Investing - Theory, News & General
Topic: Vanguard will be moving their mail operations to El Paso in the future
Replies: 48
Views: 8018

Re: Vanguard will be moving their mail operations to El Paso in the future

The mantra of big business and MBAs is to maximize shareholder value. This means reducing expense. If it means outsourcing functions to reduce expense then so be it. The logical next move is to move call centers from PA to outside he US. With the requirement that reps be licensed within each state ...
by SxSW
Thu Jul 02, 2020 9:26 am
Forum: Personal Investments
Topic: Vanguard Digital Advisor "algorithm change"
Replies: 57
Views: 5297

Re: Vanguard Digital Advisor "algorithm change"

tj wrote: Wed Jul 01, 2020 12:18 pm I didn't think that Digital Advisor considered your outside investments.
In that case, it wouldn't be a holistic view as the OP claimed.
by SxSW
Wed Jul 01, 2020 9:56 am
Forum: Personal Investments
Topic: Vanguard Digital Advisor "algorithm change"
Replies: 57
Views: 5297

Re: Vanguard Digital Advisor "algorithm change"

Today, I noticed a bunch of trades in my account. My asset allocation just went from 65% equities to 85% equities. I didn't know what was up, so I called Vanguard. Turns out they changed their algorithm. Now, based on a more holistic picture of my risk tolerance, financial picture, etc, they have c...
by SxSW
Sat Jun 13, 2020 9:01 am
Forum: Personal Investments
Topic: Vanguard vs. Fidelity
Replies: 123
Views: 9736

Re: Vanguard vs. Fidelity

Vanguard is unique in the mutual fund industry in that it doesn't have stock that trades on the open market. Other mutual fund houses have stock that trades on the open market, which creates stockholders who expect a return on their investment through share price appreciation or dividends. Vanguard...
by SxSW
Sat Jun 13, 2020 8:34 am
Forum: Investing - Theory, News & General
Topic: Interesting New Article Taking A Fresh Look At Sharpe’s Arithmetic Of Active Management
Replies: 26
Views: 2637

Re: Interesting New Article Taking A Fresh Look At Sharpe’s Arithmetic Of Active Management

Uncorrelated wrote: Fri Jun 12, 2020 6:43 am
chatbotte wrote: Fri Jun 12, 2020 6:38 am Uncorrelated: Does Vanguard sell in advance of stocks being deleted from indexes as well?
I don't know. It sounds like a smart thing to do.
Sounds like style drift to me.
by SxSW
Fri Jun 05, 2020 8:58 pm
Forum: Personal Investments
Topic: Vanguard vs. Fidelity
Replies: 123
Views: 9736

Re: Vanguard's Fund Ownership

Vanguard's "mutual fund ownership bit" has been VERY " meaningful " for investors: "For the 10-year period ended December 31, 2018, 9 of 16 Vanguard bond index funds, 14 of 17 Vanguard balanced index funds, and 94 of 106 Vanguard stock index funds—for a total of 117 of 139 Vanguard index funds—outp...
by SxSW
Fri Jun 05, 2020 10:34 am
Forum: Personal Investments
Topic: Vanguard vs. Fidelity
Replies: 123
Views: 9736

Re: Vanguard vs. Fideli

The mutual fund ownership bit has never seemed to actually present in any way meaningful. Sure, you "own" a share - but by buying it you sign away proxy voting rights to the fund -- so the whole mutual ownership thing feels like a bit if a sham from the investors point if view. Note I still think v...
by SxSW
Fri Jun 05, 2020 10:24 am
Forum: Personal Investments
Topic: Vanguard vs. Fidelity
Replies: 123
Views: 9736

Re: Vanguard vs. Fidelity

If you opt for Fidelity, be sure you stick to the low cost offerings. They have many high cost products and will use them if you let them manage your account. Vanguard has no high cost products and no commissioned salespeople to sell you anything. How do you define high cost? Vanguard has several f...
by SxSW
Tue May 26, 2020 2:39 pm
Forum: Personal Consumer Issues
Topic: Develop scotch/wine palate quickly and effectively
Replies: 31
Views: 2653

Re: Develop scotch/wine palate quickly and effectively

oldfort wrote: Tue May 26, 2020 12:32 am
This is spot on. The OP should go read the Millionaire Next Door.
There's a quote from a grumpy guy in that book who says, "I drink Budweiser or whatever's cheaper!"

That attitude is downright silly. An extra couple of bucks gets you a much better product. Cheaper is not always better.
by SxSW
Mon May 25, 2020 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: Customer hasn't paid me not worth cost of lawyer but...
Replies: 48
Views: 5416

Re: Customer hasn't paid me not worth cost of lawyer but...

I used to be a collections manager, and the only thing that really mattered was that the client signed a contract. The contract was still in effect regardless of recessions, layoffs, pandemic, bankruptcy, etc. Someone in the home office had an adult kid who was a day late on a rent-to-own TV with an...
by SxSW
Sun May 10, 2020 9:50 am
Forum: Investing - Theory, News & General
Topic: Looking for alternative to Vanguard
Replies: 107
Views: 7230

Re: Looking for alternative to Vanguard

oldfort wrote: Sat May 09, 2020 9:10 pm Does Vanguard truly require a medallion guarantee to reset a password?
Of course not. Medallion Signature Guarantees are for asset transfers only.
by SxSW
Sun May 10, 2020 9:47 am
Forum: Investing - Theory, News & General
Topic: Looking for alternative to Vanguard
Replies: 107
Views: 7230

Re: Looking for alternative to Vanguard

Jeff Albertson wrote: Wed May 06, 2020 5:30 pm Sure are a lot of people here who think they know more about security than the security professionals at Vanguard.
A lot of people here know more than Vanguard employees on many topics, including investing.
by SxSW
Sun May 10, 2020 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Is my CPA overcharging me?
Replies: 24
Views: 3271

Re: Probably yes

1. Pay him. He provided the service. 2. Find someone else to help with your taxes. 3. You don't need a CPA unless your taxes are very complicated. 4. I pay $350/year for tax prep. Questions/answers are included. Have been using the same family-owned firm since 1980 tax year. Our return includes: se...
by SxSW
Sun Apr 19, 2020 8:43 pm
Forum: Personal Investments
Topic: Disappointed with Vanguard service. Better options?
Replies: 80
Views: 7278

Re: Disappointed with Vanguard service. Better options?

celia wrote: Sat Apr 18, 2020 2:59 pm By the way, most Vanguard employees are currently working from home, so they can't turn around and ask their supervisor a question when something comes up.
You realize employees at modern businesses all stay connected via Skype (or equivalent), right?