Search found 1390 matches

by hudson
Fri Jun 22, 2018 12:39 pm
Forum: Investing - Theory, News & General
Topic: Is individual Bonds better than Bond Fund?
Replies: 32
Views: 2112

Re: Is individual Bonds better than Bond Fund?

I think Larry Swedroe said that you should have at least 500K to go into individual bonds. He also said that one should stick with AAA/AA individual bonds. The issue of investing small amounts is an important one when it comes to municipal and corporate bonds. The reason is that larger blocks recei...
by hudson
Thu Jun 21, 2018 11:48 am
Forum: Investing - Theory, News & General
Topic: Is individual Bonds better than Bond Fund?
Replies: 32
Views: 2112

Re: Is individual Bonds better than Bond Fund?

I only own bond funds and will likely continue that way. I think Larry Swedroe said that you should have at least 500K to go into individual bonds. He also said that one should stick with AAA/AA individual bonds. My federal tax rate is 22% and my state tax rate is 5.75%. Therefore buying individual ...
by hudson
Thu Jun 21, 2018 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Wells Fargo Advisors (WFA) Transfer On Death (TOD)
Replies: 26
Views: 1898

Transfer Still Incomplete...Questions

Update from OP Two of us are now mostly OK; three are incomplete including two long term WFA customers; why not??; WFA said all 5 transfer requests OK on April 17th....It's June 21st. The cash position in the original TOD account has grown. Who gets that? I called the representative from the WF Boar...
by hudson
Sat Jun 16, 2018 3:28 pm
Forum: Personal Consumer Issues
Topic: Toyota 4 Runner
Replies: 39
Views: 3700

Re: Toyota 4 Runner

A 4 Runner IS a truck and drives like one. For me the joy is that it is old school and reliable beyond the norm. The components are heavy duty...built for functionality not a comfortable ride. Truly the last of a dying breed, if it is the right vehicle for you buy one while they are still available...
by hudson
Sat Jun 16, 2018 6:16 am
Forum: Investing - Theory, News & General
Topic: Which boglehead rule do you break--and are ok with
Replies: 152
Views: 11182

Re: Which boglehead rule do you break--and are ok with

I don't have a written investment plan. I don't hold at least 20% equities. I don't rebalance. What I really like is making a contribution and getting the varied, blunt, and expert feedback. Many of my "trial balloons" have been popped; many times the replies have changed my strategies. I've learned...
by hudson
Sun Jun 03, 2018 6:18 am
Forum: Investing - Theory, News & General
Topic: TLH for absolute dummies [Tax Loss Harvesting]
Replies: 279
Views: 43804

Re: TLH for absolute dummies [Tax Loss Harvesting]

People who use TurboTax or TaxAct, is it easy to input your losses and is the $3000 automatically deducted for you? For H&R Block Deluxe 2017...to see what your short and long term carryover losses are for 2018. Go to print your tax return and print it with everything...all of the H&R Block workshe...
by hudson
Sat Jun 02, 2018 5:07 pm
Forum: Investing - Theory, News & General
Topic: Maturing Credit Union 3% CD's this year
Replies: 37
Views: 3207

Re: Maturing Credit Union 3% CD's this year

According to livesoft, it's better to pull than push. He said that the pushers might forget you.
I recently tried to do a push from a brokerage to Vanguard and it took 3 months.
by hudson
Sat Jun 02, 2018 12:11 pm
Forum: Investing - Theory, News & General
Topic: Maturing Credit Union 3% CD's this year
Replies: 37
Views: 3207

Re: Maturing Credit Union 3% CD's this year

If you end up transferring out and it's an IRA, use PenFed form 735 to make the move. Interesting. I've always used the form of the receiving custodian to do IRA transfers, so in this case would normally use Fidelity's form. However, looking over PenFed Form 735, it looks like it is set up to do a ...
by hudson
Tue May 29, 2018 5:26 pm
Forum: Investing - Theory, News & General
Topic: Bernstein - CD + Treasuries + Munis VS Vanguard Total Bond ??
Replies: 14
Views: 2013

Re: Bernstein - CD + Treasuries + Munis VS Vanguard Total Bond ??

I have recently reread Bernstein's "Rational Expectations" where he recommends the fixed portion of a LMP (Liability Matching Portfolio) to be "riskless". Bernstein suggests zero costs/risk CD's, Tresasuries, and Munis (if in taxable) over something like the Vanguard Total Bond Fund. Bernstein also...
by hudson
Tue May 29, 2018 5:39 am
Forum: Personal Consumer Issues
Topic: My New Car Buying Tips
Replies: 288
Views: 75603

Re: My New Car Buying Tips

I have to tell you, the post above makes me wonder a bit. I am very "value conscious". But I'm not sure I'd want to work that hard to save $500 by beating up a car dealer that thoroughly...not that I love car dealers. My approach is to get a few bids at a few convenient dealers, maybe go back and f...
by hudson
Mon May 28, 2018 9:06 am
Forum: Personal Finance (Not Investing)
Topic: Why pay cash for a car?
Replies: 248
Views: 29342

Re: Why pay cash for a car?

Laziness. I did not want to have to unfreeze my credit cards even though this only takes about !5 minutes and costs me about $20.00. In addition, I had the money in a savings account and I have to pay tax on the interest and this increases my MAGI which increases Medicare IRMAA. I'm not sure if it ...
by hudson
Sun May 27, 2018 2:58 pm
Forum: Investing - Help with Personal Investments
Topic: Does Wells Fargo Advisors Require Medallian Signature Guarantee
Replies: 15
Views: 1141

Re: Does Wells Fargo Advisors Require Medallian Signature Guarantee

goldy18

I recently did a transfer for a transfer on death account. WFA required a notary stamp.
If you are doing a transfer to Vanguard, let Vanguard pull it over from WFA if possible. Receiving brokerages have something to gain and will work hard for you. Sending brokerages can forget you.
by hudson
Sat May 26, 2018 1:59 pm
Forum: Personal Consumer Issues
Topic: My New Car Buying Tips
Replies: 288
Views: 75603

Bought a New Toyota Using the Bidding System

I used the bidding system without saying anything about it. I used one 3x5 card to write the name and phone number of each dealer. I made changes as needed. I kept the OTD, Out the Door Price on that card...and the name of the contact person. I called each dealer by phone and gave them any informati...
by hudson
Wed May 23, 2018 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Wells Fargo Advisors (WFA) Transfer On Death (TOD)
Replies: 26
Views: 1898

Re: Wells Fargo Advisors (WFA) Transfer On Death (TOD)

No, we had a terrible Advisor. He is a liar and a cheat and he put our relative into some terrible funds. He actively tried to prevent us from getting the MSG. But the beneficiaries were listed on the account, and he did what he was required to do. It did require the beneficiaries to cooperate and ...
by hudson
Wed May 23, 2018 8:23 am
Forum: Personal Finance (Not Investing)
Topic: Wells Fargo Advisors (WFA) Transfer On Death (TOD)
Replies: 26
Views: 1898

Re: Wells Fargo Advisors Transfer On Death (TOD)

Our transfer from WF went very fast, because we did it in 2 steps. First, all the parties, who all lived in the same area, signed paperwork agreeing to the way the assets were split and mailed it in (there were some CDs and GNMA bonds that were difficult to split so they were allocated among the be...
by hudson
Wed May 23, 2018 7:56 am
Forum: Personal Finance (Not Investing)
Topic: Wells Fargo Advisors (WFA) Transfer On Death (TOD)
Replies: 26
Views: 1898

Transfer Took Place But With Errors

A 70% transfer; 30% did not come by mistake....human error...not a normal transfer error.
The helping person assigned by the board of directors called and asked me how it went and then took action to get the remaining 30%. This person is first class and does good work.
by hudson
Wed May 23, 2018 6:34 am
Forum: Personal Finance (Not Investing)
Topic: Wells Fargo Advisors (WFA) Transfer On Death (TOD)
Replies: 26
Views: 1898

Re: Wells Fargo Advisors Transfer On Death (TOD)

It would have been simpler without the transfer on death designation. With a death certificate and a court certificate evidencing their appointment, the executors could have collected the assets. Thanks bsteiner! I will consider that in my own planning! TODs are nice to avoid probate; I didn't know...
by hudson
Mon May 21, 2018 2:42 pm
Forum: Personal Consumer Issues
Topic: My New Car Buying Tips
Replies: 288
Views: 75603

Re: My New Car Buying Tips

Yes, that is what I have been doing, just trying to figure out when I get to a fair price. Some dealers were trying to do high plate and doc fees, one wanted $900 If you are doing the "out the door price" it doesn't matter what the charge for that or anything else. The "out the door price" is all y...
by hudson
Sat May 19, 2018 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Wells Fargo Advisors (WFA) Transfer On Death (TOD)
Replies: 26
Views: 1898

Re: Wells Fargo Advisors Transfer On Death (TOD)

It would have been simpler without the transfer on death designation. With a death certificate and a court certificate evidencing their appointment, the executors could have collected the assets. Thanks bsteiner! I will consider that in my own planning! TODs are nice to avoid probate; I didn't know...
by hudson
Sat May 19, 2018 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Wells Fargo Advisors (WFA) Transfer On Death (TOD)
Replies: 26
Views: 1898

Re: Question: What if beneficiaries don't cooperate?

Question: The Wells Advisor told me that they wouldn't do the TOD until they had transfer forms from all beneficiaries. That wasn't a problem in our case except for the long mailing times for two of us. Is that normal? What if the beneficiaries aren't cooperative or very slow. My Vanguard transfer-...
by hudson
Sat May 19, 2018 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Wells Fargo Advisors (WFA) Transfer On Death (TOD)
Replies: 26
Views: 1898

Re: Wells Fargo Advisors Transfer On Death (TOD)

It would have been simpler without the transfer on death designation. With a death certificate and a court certificate evidencing their appointment, the executors could have collected the assets. Thanks bsteiner! I will consider that in my own planning! TODs are nice to avoid probate; I didn't know...
by hudson
Sat May 19, 2018 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Wells Fargo Advisors (WFA) Transfer On Death (TOD)
Replies: 26
Views: 1898

Question: What if beneficiaries don't cooperate?

Question: The Wells Advisor told me that they wouldn't do the TOD until they had transfer forms from all beneficiaries. That wasn't a problem in our case except for the long mailing times for two of us. Is that normal? What if the beneficiaries aren't cooperative or very slow. My Vanguard transfer-h...
by hudson
Sat May 19, 2018 11:58 am
Forum: Investing - Help with Personal Investments
Topic: How to Invest $600K for Retirees
Replies: 26
Views: 4250

dump it all in safe fixed income and DRAW DOWN

I'm new to investing. My elderly parents (75 and 78 years old) are living with me. I'm helping them to manage their retirement saving fund worth of $600,000. Given the current market situations (a potential end of the bull market and rising bond yield), what are their best options? Their goal is to...
by hudson
Sat May 19, 2018 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Wells Fargo Advisors (WFA) Transfer On Death (TOD)
Replies: 26
Views: 1898

If I had to do it all over again or good practices for applying for a TOD

If I was going to start over I would follow my Vanguard Transfer Person's coaching: He said "put everything in an account at the same brokerage as the TOD account owner." I would contact the other beneficiaries and request that they do the same. It would be helpful to get 100% agreement. If not, be ...
by hudson
Thu May 17, 2018 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Wells Fargo Advisors (WFA) Transfer On Death (TOD)
Replies: 26
Views: 1898

Re: Wells Fargo Advisors Transfer On Death (TOD)

The compliance officer from the board of directors called and said that now it was a NON-ACATS transfer and that it would take longer.

Non-ACATS transfers:

https://ibkr.info/article/2173
by hudson
Wed May 16, 2018 5:04 pm
Forum: Investing - Theory, News & General
Topic: 2-year AA Munis at Vanguard and Fidelity Today
Replies: 134
Views: 9492

What about the Lazy Way?

Kevin,

I'm sure you've answered this before in many places.
How bad would it be to just go with Vanguard Intermediate Muni Admiral VWIUX...or iShares National Muni Bond ETF...MUB?
or Baird's (Conservative) Intermediate Muni BMBIX?
by hudson
Wed May 16, 2018 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Wells Fargo Advisors (WFA) Transfer On Death (TOD)
Replies: 26
Views: 1898

TOD in progress

The compliance officer from the WF Board of directors called and said that my transfer was under way; I should see the transfer in 4-5 days. It is an ACATS transfer. There were 565 views...maybe that helped....but the compliance officer seemed to be a very experienced and competent person. ACATS tra...
by hudson
Wed May 16, 2018 6:37 am
Forum: Personal Finance (Not Investing)
Topic: Wells Fargo Advisors (WFA) Transfer On Death (TOD)
Replies: 26
Views: 1898

Re: Wells Fargo Advisors Transfer On Death (TOD)

To me, it may be time to start copying state regulatory folks ....Wells has certainly had their share of bad publicity. Good luck...maybe you're nearer the end than the beginning! My state doesn't regulate Wells Fargo Advisors...I'm thinking the SEC Securities and Exchange Commission https://www.se...
by hudson
Wed May 16, 2018 5:24 am
Forum: Personal Finance (Not Investing)
Topic: Wells Fargo Advisors (WFA) Transfer On Death (TOD)
Replies: 26
Views: 1898

Re: Wells Fargo Advisors Transfer On Death (TOD)

The same 2 advisors have worked with other family members for years and have been well respected by some....so same people are "handling" the TOD. Can you get other family members to intervene and threaten to move their money? The threat to move may not bother an advisor who is leaving Wells Fargo....
by hudson
Wed May 16, 2018 5:13 am
Forum: Personal Finance (Not Investing)
Topic: Wells Fargo Advisors (WFA) Transfer On Death (TOD)
Replies: 26
Views: 1898

Re: Wells Fargo Advisors Transfer On Death (TOD)

I'm one of the viewers of this thread. I would not be surprised if there have been a lot fo employees leaving Wells Fargo, so that your issue simply falls to the next person who is new and doesn't know what to do. I would not be surprised if the "advisor" is looking for a new job, too. You did not ...
by hudson
Wed May 16, 2018 3:41 am
Forum: Personal Finance (Not Investing)
Topic: Wells Fargo Advisors (WFA) Transfer On Death (TOD)
Replies: 26
Views: 1898

Re: Wells Fargo Advisors Transfer On Death (TOD)

Note: not a lot of replies, but there have been 306 views...maybe someone influential from Wells who wants to serve the customer will read and help? Isn't it all about serving the customer? Here's my email to the Wells Fargo Board of Directors: My ____ passed away on _____; We applied for the transf...
by hudson
Tue May 15, 2018 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Wells Fargo Advisors (WFA) Transfer On Death (TOD)
Replies: 26
Views: 1898

Re: Wells Fargo Advisors Transfer On Death (TOD)

Thanks not4me! Every day lately, I've been looking for numbers to call at Wells. Usually, I'll try to call a number that I think is headquarters of Wells. When I say my problem is with WF Advisors, they put me on hold, call my Advisor, and talk with the advisor handling our TOD and give a status. I ...
by hudson
Mon May 14, 2018 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Wells Fargo Advisors (WFA) Transfer On Death (TOD)
Replies: 26
Views: 1898

Wells Fargo Advisors (WFA) Transfer On Death (TOD)

Short Version: Transfer on Death application started Feb. 15th; it's almost 3 months later and no transfer. Longer Version: There are several beneficiaries; we filed for the transfer around February 15th. We re-filed 3 times to get the paperwork right...caused by careless Wells errors. According to ...
by hudson
Tue May 08, 2018 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Deceased year RMD of inherited IRA
Replies: 37
Views: 10509

Re: Deceased year RMD of inherited IRA

Thanks Livesoft!
by hudson
Mon May 07, 2018 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Deceased year RMD of inherited IRA
Replies: 37
Views: 10509

Re: Deceased year RMD of inherited IRA

The general consensus that the year of death RMD can be aggregated among all the beneficiaries is based on the previously quoted IRS Reg that indicates the year of death RMD must be completed by "a beneficiary". "A beneficiary" means any beneficiary. Here is an article by Natalie Choate that addres...
by hudson
Mon May 07, 2018 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: Deceased year RMD of inherited IRA
Replies: 37
Views: 10509

Re: Deceased year RMD of inherited IRA

Thanks for clarification. I have tracked down other beneficiaries and I am now certain that they have withdrawn more than enough to cover the RMD for the final year. So it seems I don't need to do anything. Agree. From your earlier post it appears that 2013 was the year of death, so the RMD was sat...
by hudson
Tue May 01, 2018 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Question on Vanguard Money Market Account Check wise
Replies: 15
Views: 1404

Re: Question on Vanguard Money Market Account Check wise

We are negotiating on a car purchase and plan to pay for it with a check for the full amount. I'm a little off the subject. This is more about paying for a car with a check. I went to purchase a vehicle and had the money ready to go in my bank checking account. The sales manager said that they woul...
by hudson
Tue May 01, 2018 4:53 am
Forum: Personal Consumer Issues
Topic: My New Car Buying Tips
Replies: 288
Views: 75603

Re: My New Car Buying Tips

Thanks abeln2672! I always get James Bragg's package when buying a new car. His strategies change through the years. He used to be in favor of using the fax machine; now he favors a personal phone call followed up with emails. I also like to call him if needed. On my last bid process things weren't ...
by hudson
Wed Apr 25, 2018 5:12 pm
Forum: Personal Consumer Issues
Topic: Is my computer obsolete?
Replies: 60
Views: 4423

Re: Is my computer obsolete?

If affordable, I would go with this computer...see link below. I would uninstall any antivirus software that comes with it except for the built-in Windows Defender. I would buy Malwarebytes Premium. Computer: https://www.amazon.com/gp/product/B06X6CWKVJ/ref=oh_aui_search_detailpage?ie=UTF8&psc=1 (No...
by hudson
Wed Apr 25, 2018 4:52 pm
Forum: Personal Consumer Issues
Topic: Wedding - financial burden on couple and attendees
Replies: 168
Views: 10620

Re: Wedding - financial burden on couple and attendees

Are you saying that others in the family are asking you to intervene with this couple and talk them out of an expensive destination wedding? They want YOU to intervene for them?! Do you want to intervene? Do you want to speak just for yourself? Or others too? Intervening in someone's wedding plans ...
by hudson
Tue Apr 24, 2018 7:16 am
Forum: Personal Consumer Issues
Topic: IPhone Faulty Battery Diagnosis
Replies: 32
Views: 1658

Re: IPhone Faulty Battery Diagnosis

Definitely the plan but we have to time it a bit since the nearest place that will do so is 120 miles away and we thus far haven't been able to line up an appointment when we are there for other reasons. I replaced mine myself with a kit from Amazon. About $25, which included battery and tools. The...
by hudson
Mon Apr 23, 2018 5:58 pm
Forum: Personal Consumer Issues
Topic: IPhone Faulty Battery Diagnosis
Replies: 32
Views: 1658

Re: IPhone Faulty Battery Diagnosis

Owner of two Apple 6s phones with significantly degraded battery life. When new I used to go several days between charging. Now I have to top it off once during the day just to get through until evening. According to the Battery Health diagnosis, I have a maximum capacity of 79%. What gets me is be...
by hudson
Sun Apr 22, 2018 10:48 am
Forum: Personal Consumer Issues
Topic: AAA? What to do in car emergencies?
Replies: 90
Views: 5745

Re: AAA? What to do in car emergencies?

One thing concerns me. If there is a fire under the hood -- I suspect that's the most likely place -- is it safe to pop the hood or not? I would like to know the answer also...from a pro. My off the cuff answer would be.... I would pull the hood release and evacuate the area...unless it was a very ...
by hudson
Sun Apr 22, 2018 10:15 am
Forum: Personal Consumer Issues
Topic: AAA? What to do in car emergencies?
Replies: 90
Views: 5745

Re: AAA? What to do in car emergencies?

I keep AAA Plus; it works for me. I can change my own flats, but recently I had to call AAA because I couldn't get the wheel off. I've had AAA for over 20 years and have always been satisfied. I would always have a working cell phone while driving. Whenever possible, I would have a technician check ...
by hudson
Sun Apr 15, 2018 1:23 pm
Forum: Investing - Theory, News & General
Topic: 2-year AA Munis at Vanguard and Fidelity Today
Replies: 134
Views: 9492

Re: 2-year AA Munis at Vanguard and Fidelity Today

Wow! thanks for the details! I couldn't get back into my guest account so I think I'll just sign up for a brokerage account and re-read all of your hints a few times and come back and ask a few more questions. I need to get up to speed before my Penfed CDs run out...thanks again for that.
by hudson
Sun Apr 15, 2018 10:00 am
Forum: Personal Consumer Issues
Topic: Dealing with poorly assigned hotel rooms?
Replies: 41
Views: 3386

Re: Dealing with poorly assigned hotel rooms?

Your money was good; you didn't get your money's worth. The vendor owes you. If it was me, if time was available, I would make it my mission in life to request get my money back...plus extra for the trouble. I would call, write letters, do reviews, file a Better Business Bureau complaint. I would do...
by hudson
Sat Apr 14, 2018 7:11 pm
Forum: Investing - Theory, News & General
Topic: 2-year AA Munis at Vanguard and Fidelity Today
Replies: 134
Views: 9492

Re: 2-year AA Munis at Vanguard and Fidelity Today

Artsdoctor wrote:
Sat Apr 14, 2018 6:54 pm
The bond in question may indeed have a coupon of 5%. It's a premium bond and if the yield to maturity is under 2%, the premium is going to be high. But that's another conversation altogether.
Your insight is appreciated!
I do not understand how the yield can go from 5% to 2%.
by hudson
Sat Apr 14, 2018 6:25 pm
Forum: Investing - Theory, News & General
Topic: 2-year AA Munis at Vanguard and Fidelity Today
Replies: 134
Views: 9492

Re: 2-year AA Munis at Vanguard and Fidelity Today

I got a guest account at Fidelity for 30 days...easy. The first NC muni I came to is here...you've got to have a Fidelity account or a guest account to follow this link I suspect... https://fixedincome.fidelity.com/ftgw/fi/FIBondDetails?requestType=&displayFormat=TABLE&cusip=65825PCA6&ordersystem=TO...
by hudson
Sat Apr 14, 2018 5:34 pm
Forum: Investing - Theory, News & General
Topic: 2-year AA Munis at Vanguard and Fidelity Today
Replies: 134
Views: 9492

Re: 2-year AA Munis at Vanguard and Fidelity Today

Fidelity provides links to the latest municipal reports from the ratings agencies, and I'll sometimes scan those if they're recent. (I also was buying at Vanguard until I discovered that Fidelity had consistently better pricing). The Fidelity search results screen shows all of these attributes in a...
by hudson
Sat Apr 14, 2018 12:54 pm
Forum: Personal Consumer Issues
Topic: Post-Home Inspection Priority List
Replies: 4
Views: 437

Re: Post-Home Inspection Priority List

My wife and I recently purchased our first home, and after we received the home inspection, there were obviously some issues. We've narrowed down (after consulting with our realtor/attorney and the input from the home inspector) the priority list to the ones most critical to the health and safety i...