Search found 60 matches

by gowest
Tue Sep 24, 2019 8:26 am
Forum: Personal Investments
Topic: What to do next with our money
Replies: 22
Views: 4484

Re: What to do next with our money

You might read William Bernstein's "If You Can" free PDF. It is all about owning the whole stock market through low cost index funds. You will not get rich quickly, but you will get rich steadily. With average returns, you will end up with something like $3-4M real. Pay down those loans and you wil...
by gowest
Fri Mar 01, 2019 9:40 am
Forum: Investing - Theory, News & General
Topic: Vanguard is Discontinuing their VanguardAdvantage Accounts
Replies: 631
Views: 67477

Re: Discontinuing VanguardAdvantage Accounts

I am so mad about this. I just got the same email. No warning ahead of time, etc. The email is the warning ahead of time. Did you want a warning about the warning? Yes. I spent the last few weeks setting everything up with VanguardAdvantage. I talked to reps on the phone probably 5 or 6 times, who ...
by gowest
Thu Feb 28, 2019 4:54 pm
Forum: Investing - Theory, News & General
Topic: Vanguard is Discontinuing their VanguardAdvantage Accounts
Replies: 631
Views: 67477

Re: Discontinuing VanguardAdvantage Accounts

BoglePaul wrote:
Thu Feb 28, 2019 4:43 pm

Just keep the account and hopefully the replacement product will be ready by the sunset date. See above post.
I asked about that, and the Flagship rep with whom I spoke said that this was quite unlikely. FWIW
by gowest
Thu Feb 28, 2019 11:34 am
Forum: Investing - Theory, News & General
Topic: Vanguard is Discontinuing their VanguardAdvantage Accounts
Replies: 631
Views: 67477

Re: Discontinuing VanguardAdvantage Accounts

I called Vanguard and provided my feedback/criticisms. Now I need a new solution. Any suggestions? I would like a checking account with ACH transactions where I can earn a competitive rate on the cash sitting there (>2%). My regular checking account does not work because the money there earns nothin...
by gowest
Thu Feb 28, 2019 10:59 am
Forum: Investing - Theory, News & General
Topic: Vanguard is Discontinuing their VanguardAdvantage Accounts
Replies: 631
Views: 67477

Re: Discontinuing VanguardAdvantage Accounts

I am so mad about this. I just got the same email. No warning ahead of time, etc. I *JUST* finished setting up this account a couple of weeks ago. Switched everything from Ally, changed my direct deposit, changed all of my ACH transactions, set up checkwriting, got my ATM cards, etc., etc. And now t...
by gowest
Thu Feb 28, 2019 10:08 am
Forum: Personal Investments
Topic: Best online high yield savings suggestions
Replies: 37
Views: 5543

Re: Best online high yield savings suggestions

I have used Ally for years, and it has been great. That being said, I just recently started to switch everything over to Vanguard MM, which has similar (currently slightly higher) rates, and it puts everything in one place for me. It'll let me close my Ally account, which simplifies things just a to...
by gowest
Thu Feb 14, 2019 4:19 pm
Forum: Personal Investments
Topic: Source of Money in my Settlement Fund
Replies: 4
Views: 606

Re: Source of Money in my Settlement Fund

Login to the Vanguard website and look at the transaction history for your settlement fund. That should tell you what you need to know.
by gowest
Thu Feb 14, 2019 9:18 am
Forum: Personal Investments
Topic: Good time to invest in emerging markets?
Replies: 22
Views: 3794

Re: Good time to invest in emerging markets?

Hello Everyone, I have been reading Money & Kiplinger magazines, plus the reports that T. Rowe Price sends me periodically and one thing that they have in common is a conviction that this is a particularity good time to invest in emerging markets. I have been burned by emerging markets in the past,...
by gowest
Wed Feb 06, 2019 1:55 pm
Forum: Personal Investments
Topic: Can I time the market by paying down mortgage vs buying stocks ??
Replies: 16
Views: 1311

Re: Can I time the market by paying down mortgage vs buying stocks ??

Jack FFR1846 wrote:
Wed Feb 06, 2019 1:47 pm
There's clear consensus here on this.

But it comes in a pair:

Pay off your mortgage for the guaranteed return.
Don't pay off your mortgage to get the higher return of the market.

Pick one. ...
Or a third option... Split it and do some of both.
by gowest
Tue Jan 29, 2019 6:40 pm
Forum: Personal Investments
Topic: Risk comparison: VMMXX vs VMFXX vs VUSXX?
Replies: 23
Views: 7707

Re: Risk comparison: VMMXX vs VMFXX vs VUSXX?

Looks like VMMXX is out of the race, I'll probably do VUSXX but might just do VMFXX and treat it like a checking account almost. Not to veer too far off topic, but that's what I do. I have a VanguardAdvantage brokerage account, and in that account I hold VMFXX (among other funds). VMFXX serves a co...
by gowest
Tue Jan 29, 2019 12:36 pm
Forum: Personal Investments
Topic: Risk comparison: VMMXX vs VMFXX vs VUSXX?
Replies: 23
Views: 7707

Re: Risk comparison: VMMXX vs VMFXX vs VUSXX?

After researching the Vanguard MMF options, I decided to generally use VMFXX for the following reasons, in rough order of importance: Easy logistics as it's my settlement fund Decent tax equivalent yield as compared to VMMXX No minimum investment Fractionally less risky than VMMXX (though I'd consi...
by gowest
Mon Jan 28, 2019 2:05 pm
Forum: Personal Investments
Topic: 529 accounts - superfund logistics
Replies: 6
Views: 601

Re: 529 accounts - superfund logistics

... you do not have to file your federal taxes separately. You do have to file a gift tax return (which is separate from your income tax return) and declare that you are superfunding the 529s by spreading out the gits over 5 years. ... That makes a lot of sense. Some of the articles I read weren't ...
by gowest
Mon Jan 28, 2019 11:34 am
Forum: Personal Investments
Topic: 529 accounts - superfund logistics
Replies: 6
Views: 601

Re: 529 accounts - superfund logistics

edit: Just noticed you said $50K "each". Yeah that would be super funding. Personally I would just do the $30K each this year and do the remaining $20K next year. You aren't using up enough of the 5 year contributions available to make it worth giving up your option to contribute over the next 5 ye...
by gowest
Mon Jan 28, 2019 11:16 am
Forum: Personal Investments
Topic: 529 accounts - superfund logistics
Replies: 6
Views: 601

529 accounts - superfund logistics

Hi everyone, We have been saving for college in separate 529 accounts for our two kids. We're in a position now to "superfund" those accounts so that we will be finished contributing to them. In other words, once superfunded, we'll rely on the (hopefully) growth in the 529 accounts. We're also savin...
by gowest
Sat Jan 19, 2019 3:53 pm
Forum: Personal Investments
Topic: Should I dump our wealth planner/financial advisor?
Replies: 49
Views: 6130

Re: Should I dump our wealth planner/financial advisor?

Since I've spent my entire life on the Schwab platform, is it worth it moving everything to the Vanguard platform when I can still be invested in Vanguard funds while remaining with Schwab? What benefits would you have by continuing to use the Schwab platform (apart from the small "benefit" of not ...
by gowest
Fri Jan 18, 2019 11:29 am
Forum: Personal Investments
Topic: TLH - trade date vs. settlement date
Replies: 6
Views: 207

Re: TLH - trade date vs. settlement date

Silk McCue wrote:
Fri Jan 18, 2019 11:26 am
Covered before on other posts. I searched and found this.

viewtopic.php?t=204058

It is trade date and an authoritative source is provided.

Cheers
Thanks!
by gowest
Fri Jan 18, 2019 11:28 am
Forum: Personal Investments
Topic: TLH - trade date vs. settlement date
Replies: 6
Views: 207

Re: TLH - trade date vs. settlement date

How does your Dec 31, 2018 statement portray it? My 12/31/18 statement records the transaction just the same as I see it online (on Vanguard's website), meaning the statement shows BOTH the 12/31/18 trade date and the 1/2/19 settlement date. (It records it this way--including reference to the 1/2/1...
by gowest
Fri Jan 18, 2019 11:13 am
Forum: Personal Investments
Topic: TLH - trade date vs. settlement date
Replies: 6
Views: 207

TLH - trade date vs. settlement date

On Saturday, 12/29/18, I exchanged shares of two funds for purposes of tax loss harvesting. According to Vanguard, the actual "trade date" was Monday, 12/31/18. Also, Vanguard shows that the "settlement date" for these TLH exchanges was in 2019, specifically Wednesday, 1/2/19. Which date counts for ...
by gowest
Sat Jan 12, 2019 11:42 am
Forum: Personal Investments
Topic: What to do after maxing out all tax advantaged options?
Replies: 33
Views: 4464

Re: What to do after maxing out all tax advantaged options?

Me and my wife max out our def comps, Roth IRAs, and 529 ( Up to state credit - 10,000 ). Is there a boglehead school of though on the next logical move for excess savings? Ibonds to the max allowed, taxable account, reits, etc, etc....? For us, personally, our next steps after maxing the items you...
by gowest
Sat Dec 29, 2018 8:26 am
Forum: Personal Investments
Topic: Bills or Investing
Replies: 23
Views: 1487

Re: Bills or Investing

Sorry, the work done is I replaced the roof, all windows and the siding. As the amounts and interest rates I have no idea, just rough estimates. I did include the estimates in a previous message. Roof - 9k at 11% (I believe) Windows and siding - 9k at 0% (I believe) Mortgage - 146k at 4.5% (I belie...
by gowest
Tue Nov 13, 2018 1:22 pm
Forum: Personal Investments
Topic: Move savings to Prime Money Market Fund (VMMXX)
Replies: 55
Views: 10313

Re: Move savings to Prime Money Market Fund (VMMXX)

I just got off the phone with a Vanguard rep who told me in order to pay bills directly from my Federal MM sweep account, I would have to switch to a Vanguard Advantage account. Has this been others’ experience? Thanks for any insight. Yup, you can write checks off a money market fund, but if you w...
by gowest
Tue Oct 02, 2018 1:08 pm
Forum: Personal Investments
Topic: Beginner. Want to get mega-rich. Help with portfolio, tips, etc.
Replies: 87
Views: 9181

Re: Beginner. Want to get mega-rich. Help with portfolio, tips, etc.

There are a lot of good tips in this thread. I am writing to reinforce one basic idea, and it's an idea that needs to come BEFORE any investing. It sounds to me like you would benefit from first getting your "personal finance house" in good shape. You need to have a very clear understanding about yo...
by gowest
Wed May 16, 2018 7:53 pm
Forum: Personal Investments
Topic: Should I Pay Off My Mortgage When I Retire?
Replies: 49
Views: 4597

Re: Should I Pay Off My Mortgage When I Retire?

MichDad wrote:
Wed May 16, 2018 6:24 pm
This is an update from the OP.

I retired on March 31st. Earlier this month, I paid off our mortgage (about ten months early). My sleeping habits haven't changed.

MichDad
Congratulations! (I was about to vote to pay it off. I enjoyed perusing this thread.) Again, congrats!
by gowest
Thu May 10, 2018 1:09 pm
Forum: Personal Investments
Topic: Vanguard Developed Markets Index Fund as substitute for Total International Stock Fund?
Replies: 27
Views: 3774

Re: Vanguard Developed Markets Index Fund as substitute for Total International Stock Fund?

Is the Developed Markets Fund a reasonable substitute for Total International? Or should I stick to TR 2035? It's not quite the same, since it's missing emerging markets and small caps. According to my notes, total international can be approximated by the combination of 65% VTMGX (developed markets...
by gowest
Thu May 10, 2018 10:24 am
Forum: Personal Investments
Topic: Vanguard Developed Markets Index Fund as substitute for Total International Stock Fund?
Replies: 27
Views: 3774

Re: Vanguard Developed Markets Index Fund as substitute for Total International Stock Fund?

Is the Developed Markets Fund a reasonable substitute for Total International? Or should I stick to TR 2035? It's not quite the same, since it's missing emerging markets and small caps. According to my notes, total international can be approximated by the combination of 65% VTMGX (developed markets...
by gowest
Tue May 08, 2018 12:39 pm
Forum: Personal Investments
Topic: Investing 'extra' income for the first time
Replies: 5
Views: 1214

Re: Investing 'extra' income for the first time

401k With old employer: 18% BlackRock LifePath® Index 2045 Fund Class K Shares (BLKRK LP IDX 2045 K) (.23%)  (~58% domestic stock, 37% internationall stock, 3% bond, 1% other) **My current employer does not offer a 401(k) but will supposedly start offering one this year Just wanted to chime in to s...
by gowest
Tue May 08, 2018 12:04 pm
Forum: Personal Investments
Topic: When did you start drawing profits from taxable?
Replies: 48
Views: 4451

Re: When did you start drawing profits from taxable?

I will say this, the most profound "event" in my life was seeing my father retire perfectly at 68 with not a financial worry in the world only to get sick and pass 18 months after his last day of work. That was 9 years ago and I still haven't gotten over how "ripped off" he got. The thing is, he co...
by gowest
Mon May 07, 2018 9:59 am
Forum: Personal Investments
Topic: Start 529 Plan?
Replies: 45
Views: 3273

Re: Start 529 Plan?

Thanks for all the advice! For those who are funding above what expected college/grad expenses will be, what are your plans to do with the excess money? After kids graduate change the beneficiary to grandkids? black knight, We are in a similar situation to you and I wrestled with this issue. What w...
by gowest
Mon Apr 30, 2018 10:11 am
Forum: Personal Investments
Topic: Getting ready to do my first after tax investing. What do I need to know?
Replies: 11
Views: 1990

Re: Getting ready to do my first after tax investing. What do I need to know?

You should investigate tax loss harvesting (TLH). There are a LOT of posts on this forum that go through the details, so I'd recommend doing some searches and reading up on it. If you want to plan for TLH, you'll want to make sure you're choosing investments that fit well with your TLH plan, and you...
by gowest
Wed Apr 25, 2018 10:31 am
Forum: Personal Investments
Topic: I Bonds now or wait until May?
Replies: 10
Views: 1025

Re: I Bonds now or wait until May?

I would absolutely, positively wait until May 1. No question whatsoever. There is every likelihood that the fixed rate will increase slightly, and even 0.2% long-term would mean far more than snagging 6 months of the higher variable rate (especially since you're only delaying the drop from 2.5% to ...
by gowest
Wed Apr 25, 2018 9:21 am
Forum: Personal Investments
Topic: I Bonds now or wait until May?
Replies: 10
Views: 1025

I Bonds now or wait until May?

Hi everyone, As part of my EF and general cash savings (future car, theoretical kitchen makeover, nothing at all, etc.), I'm planning on placing $20k in I Bonds each year (for me and my wife). This will be my first year doing so, but I plan to continue each year. I generally keep about $50k in my EF...
by gowest
Thu Mar 01, 2018 8:58 am
Forum: Personal Investments
Topic: Starting from scratch, again
Replies: 5
Views: 1796

Re: Starting from scratch, again

The dilemma lies in the nontraditional belief that bonds should go in taxable accounts, as stated on some blog posts by White coat Investor and a few others. In the name of simplicity and my lack of understanding, I may just keep them in my 401K unless someone has a better explanation. To quote Tay...
by gowest
Wed Feb 28, 2018 11:59 am
Forum: Personal Investments
Topic: NY 529 and K-12
Replies: 19
Views: 2137

Re: NY 529 and K-12

Thanks. I have heard from two different tax advisors on this issue, and they have differing opinions. One says you need to be a NY resident (with NY income), the other says you don't need to be a resident (so long as you have NY income). And then in the latter case (non-resident), the advisor says t...
by gowest
Wed Feb 28, 2018 11:41 am
Forum: Personal Investments
Topic: NY 529 and K-12
Replies: 19
Views: 2137

Re: NY 529 and K-12

Interesting discussion. So do you have to be a resident of NY in order to get a deduction for contributions to a NY 529 plan? In other words, if you are resident of another state (not NY) but have income in NY (for example, through a partnership that does business in NY), can you deduct the contribu...
by gowest
Wed Feb 28, 2018 9:47 am
Forum: Personal Investments
Topic: Starting from scratch, again
Replies: 5
Views: 1796

Re: Starting from scratch, again

Since every one of your accounts is at Vanguard (or maybe you meant it has access to Vanguard funds, such as in your 401k accounts), and they all have the same purpose and time horizon (retirement), this should be fairly straightforward. Here's what I recommend considering: Your 80/20 AA can be form...
by gowest
Thu Feb 22, 2018 4:43 pm
Forum: Personal Investments
Topic: 529- Superfund in Bull market?
Replies: 4
Views: 762

Re: 529- Superfund in Bull market?

I think most here will say just to develop a plan and implement it as soon as you've finished developing it. In other words, since you already have a plan, go ahead and implement it by superfunding the accounts all at once. That being said, others would prefer to drip the money in, but mostly for a ...
by gowest
Thu Feb 22, 2018 4:23 pm
Forum: Personal Investments
Topic: Joint Taxable Account
Replies: 17
Views: 1706

Re: Joint Taxable Account

If you make it a joint account, there is no way to designate POD/TOD so it would have to go through a will and probate. this is definitely incorrect. Let me clarify. My point was simply that, as between OP and his/her spouse, for a joint account there is no designation, and no need to designate, si...
by gowest
Thu Feb 22, 2018 11:50 am
Forum: Personal Investments
Topic: Joint Taxable Account
Replies: 17
Views: 1706

Re: Joint Taxable Account

If you make it a joint account, there is no way to designate POD/TOD so it would have to go through a will and probate. I don't think this is correct as between you and your spouse. If it's a joint account, and one of you passes away, the other one still owns the account with no meaningful paperwor...
by gowest
Thu Feb 22, 2018 11:01 am
Forum: Personal Investments
Topic: TLH in a 3-fund portfolio with the same funds in taxable and tax-advantaged
Replies: 10
Views: 1291

Re: TLH in a 3-fund portfolio with the same funds in taxable and tax-advantaged

I would not exchange back to the original fund unless I had more losses. I wouldn't pay a penny of long-term capital gains on the not-identical replacement. Not sure what the reasoning for this is. I’d much rather pay a small amount of gains (which will be offset by my losses) to be able to stay in...
by gowest
Wed Feb 21, 2018 10:42 am
Forum: Personal Investments
Topic: TLH in a 3-fund portfolio with the same funds in taxable and tax-advantaged
Replies: 10
Views: 1291

Re: TLH in a 3-fund portfolio with the same funds in taxable and tax-advantaged

Thanks. Your comments are very helpful. Some follow-up: How do you decide when to TLH? If the market is declining, it seems like I won't want to TLH too soon (since I'll want to maximize the losses that may occur), but I also don't want to do it too late (since the market might reverse course and go...
by gowest
Tue Feb 20, 2018 12:29 pm
Forum: Personal Investments
Topic: TLH in a 3-fund portfolio with the same funds in taxable and tax-advantaged
Replies: 10
Views: 1291

TLH in a 3-fund portfolio with the same funds in taxable and tax-advantaged

Hi everyone, In January I opened a taxable account to complement my existing IRA accounts (all at Vanguard), and I'm trying to educate myself about tax loss harvesting. I've read some of livesoft's and others' posts about TLH (including livesoft's public service post that involved creating a wash sa...
by gowest
Wed Jan 24, 2018 3:28 pm
Forum: Personal Investments
Topic: Your bond allocation when you were 48
Replies: 125
Views: 9142

Re: Your bond allocation when you were 48

Still five years away, but my ISP says 65% equities and 35% bonds.
by gowest
Sat Jan 20, 2018 1:44 pm
Forum: Personal Investments
Topic: Lost money through Bitconnect scam - learned my lesson
Replies: 94
Views: 10522

Re: Lost money through Bitconnect scam - learned my lesson

Kudos to you for openly admitting your mistake. Everyone makes mistakes, but not everyone is mature enough and brave enough to admit to them. I'm sorry it happened to you, but in the long run the experience will serve you well by preventing you from making future similar mistakes. Good luck. +1 Don...
by gowest
Tue Jan 16, 2018 1:27 pm
Forum: Personal Investments
Topic: Gifted $1,000: Max out Roth or go towards smaller balances on credit cards?
Replies: 10
Views: 851

Re: Gifted $1,000: Max out Roth or go towards smaller balances on credit cards?

Use $387 of that $1000 to pay off the 27.9% credit card. Then use $613 to pay down the 23.9% credit card. Then find--somehow, someway--a way to accumulate another $1940 to pay off the rest of the credit cards. Then start an emergency fund so that you don't ever have to carry a balance on a credit ca...
by gowest
Thu Jan 11, 2018 5:15 pm
Forum: Personal Investments
Topic: How often should my AA adjust?
Replies: 17
Views: 1420

Re: How often should my AA adjust?

I only adjusted when certain life events happened and/or the total portfolio value reached a magic number. Examples: 1. Bought house. 2. Had kids. 3. Kids in High School and about to go to college 4. Stopped working full-time 5. Stopped working altogether I have to say, I do the same as livesoft's ...
by gowest
Thu Jan 11, 2018 12:03 pm
Forum: Personal Investments
Topic: How often should my AA adjust?
Replies: 17
Views: 1420

Re: How often should my AA adjust?

Okay, okay, I'll bite... :D You'll note that many of us use a different AA algorithm than a linear increase in bonds with age, but that wasn't your question... What AA algorithm do you / others use? I want to avoid an algorithm based on then-prevailing feelings about the marketplace (since I don't r...
by gowest
Thu Jan 11, 2018 11:19 am
Forum: Personal Investments
Topic: How often should my AA adjust?
Replies: 17
Views: 1420

How often should my AA adjust?

Hi everyone! I am in the middle of my annual rebalancing of my three-fund retirement portfolio consisting of total stock market (VTSAX), total international (VTIAX), and total bond (VBTLX). I was reviewing my written ISP for the coming years/decades, and I began to wonder why my I've set my AA to ad...
by gowest
Wed Oct 11, 2017 4:36 pm
Forum: Personal Investments
Topic: Adding money to 401K/403b late in the year.
Replies: 18
Views: 1558

Re: Adding money to 401K/403b late in the year.

Thanks, that's a bummer! I guess there's no way to retroactively deduct income from the previous months then. Oh well! Bloom, to clarify about that do most employers stop at exactly 18K or does it become complicated to put exactly that amount in since you might slightly over or undershoot? Most emp...
by gowest
Tue Oct 10, 2017 12:52 pm
Forum: Personal Investments
Topic: What is a good Asset Allocation
Replies: 48
Views: 4685

Re: What is a good Asset Allocation

My assets have reached a million and that definitely makes me more skiddish with our current political environment and the high value of stocks. I'm moving towards 80/20 stock bond ratio and 30% of stocks in international. This sounds like a market-timing approach, which isn't recommended. You need...
by gowest
Thu Oct 05, 2017 11:57 am
Forum: Personal Investments
Topic: Millionaire Next Door (Thank you Bogleheads)
Replies: 81
Views: 14696

Re: Millionaire Next Door (Thank you Bogleheads)

I love this sort of story. I read that book many years ago (Millionaire Next Door), and it's always great to hear about someone who has successfully accomplished what the book describes (since, as you know from the book, you wouldn't otherwise be able to tell just by judging how someone looks or wha...