Search found 245 matches

by backpacker61
Sat Dec 05, 2020 1:10 pm
Forum: Personal Investments
Topic: What to do with company ESPP shares?
Replies: 6
Views: 352

Re: What to do with company ESPP shares?

Investigate if you are eligible to contribute to a Health Savings Account.

https://www.bogleheads.org/wiki/Health_savings_account
by backpacker61
Sat Dec 05, 2020 12:29 pm
Forum: Personal Investments
Topic: Alternatives to Vanguard's Personal Advisory Service
Replies: 22
Views: 1384

Re: Alternatives to Vanguard's Personal Advisory Service

IMHO, you've already done the most important thing by consolidating your assets with one provider. Another step (perhaps you've already done it) would be to have the tax forms go directly from Vanguard to your tax accountant. Also, perhaps direct RMD's, dividends, and CG distributions to your checki...
by backpacker61
Sat Dec 05, 2020 10:46 am
Forum: Personal Investments
Topic: Investment advice - long term
Replies: 7
Views: 397

Re: Investment advice - long term

I have never invested in funds and i am not good at researching and balancing my portfolio regularly. Vanguard proposed 80%stock + 20% bonds while fidelity proposed 85%+15%. I am in my mid 30s and will need to continue to add funds in this account. I am confused as which one i should go with or i s...
by backpacker61
Sat Dec 05, 2020 9:24 am
Forum: Investing - Theory, News & General
Topic: The Robinhood "videogame"
Replies: 35
Views: 2977

Re: The Robinhood "videogame"

There is NO EXCUSE for ANYONE to not save for retirement via investing anymore. It used to be you had to pay commissions and have an advisor and so on. That hasn't been true in a really long time. I started my first "real job" in 1985, and it wasn't true then. The only thing missing at th...
by backpacker61
Fri Dec 04, 2020 1:36 pm
Forum: Investing - Theory, News & General
Topic: Can anyone reach Vanguard on the phone?
Replies: 74
Views: 3664

Re: Can anyone reach Vanguard on the phone?

I've had to call Vanguard many times this year (fallout from a death in the family). More times this year than in the previous 30 years combined. I've found the representatives I worked with to be knowledgeable, professional, and polite. I made a call on Wednesday (late afternoon) and was able to ge...
by backpacker61
Fri Dec 04, 2020 6:55 am
Forum: Personal Investments
Topic: Is there any advantage to using wealth management or private banking?
Replies: 32
Views: 2808

Re: Is there any advantage to using wealth management or private banking?

What professionals would you use to set up and trust with doing bill pay, taxes, etc. if you should become incapacitated and without trusted and/or available relatives /friends? Is it the (non-solo) practice with estate attorney and CPA/accountant? I know some set up with a bank's financial arm to ...
by backpacker61
Thu Dec 03, 2020 7:17 am
Forum: Personal Investments
Topic: After tax contributions to IRA
Replies: 3
Views: 311

Re: After tax contributions to IRA

Do most of you max out your IRA contributions in my position? I do; I've contributed to an IRA every year since 1985. Since 1987, my contributions have been non-deductible, and I've filed form 8606 with my taxes every year since then, to keep track of the non-deductible basis. Like the other poster...
by backpacker61
Wed Dec 02, 2020 8:26 pm
Forum: Personal Investments
Topic: Roth & Traditional IRA--Late Start at age 50
Replies: 6
Views: 560

Re: Roth & Traditional IRA--Late Start at age 50

FWIW, I think getting started saving for retirement around age 50 is actually pretty typical rather than late. Has she considered looking in state/county/municipal employment? Sometimes these employers offer much better benefits than the private sector for many positions; sometimes including a pensi...
by backpacker61
Mon Nov 30, 2020 2:12 pm
Forum: Personal Investments
Topic: Inheritance question
Replies: 7
Views: 1322

Re: Inheritance question

Whether setting up a trust is worthwhile or not can depend on probate costs (and complexity) in the state you live in.
by backpacker61
Sun Nov 29, 2020 10:14 am
Forum: Personal Investments
Topic: Purpose of Roth Income Limit
Replies: 14
Views: 2240

Re: Purpose of Roth Income Limit

Congress is punishing you for being successful.

The IRS just administers the tax system, it doesn't author it.
by backpacker61
Sun Nov 29, 2020 9:27 am
Forum: Personal Investments
Topic: Thinking we are close to winning the game (3 year Update)
Replies: 52
Views: 11448

Re: Thinking we are close to winning the game (3 year Update)

Congratulations; I think working 3 more years has shored up your situation considerably. I think you're fine to pull the plug. Like others, I think you could still pare down the number of funds. I would go 100% equity in the Roth and HSA accounts (swing for the fences in the longest term tax free ac...
by backpacker61
Sat Nov 28, 2020 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Questions - How much each spouse should pay in?
Replies: 15
Views: 1551

Re: Social Security Questions - How much each spouse should pay in?

Long term, I would think you would want one of the two SS benefits to reflect 35 years of full-time work. Best for the survivor.
by backpacker61
Sat Nov 28, 2020 8:35 am
Forum: Investing - Theory, News & General
Topic: Are Vanguard's Factor Funds' days numbered?
Replies: 35
Views: 2675

Re: Are Vanguard's Factor Funds' days numbered?

Vanguard's commitment to factor funds kind of reminds me of Fidelity's commitment to index funds 20 years ago, when their index funds were almost hidden on their web site and were all named "Spartan" funds. It felt like they offered them to keep investors that explicitly wanted them from b...
by backpacker61
Thu Nov 26, 2020 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 1324
Views: 175127

Re: How much money do you want to retire?

Countless words on this thread and this for me is the bottom line. Once you have 2 mil+ topped off with SS and payed off home, your set. Adding more is icing on the cake. In a document written by Darrow Kirkpatrick (who started the blog 'caniretireyet.com' and wrote 'Retire Sooner'), he concluded t...
by backpacker61
Thu Nov 26, 2020 10:49 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 1324
Views: 175127

Re: How much money do you want to retire?

Countless words on this thread and this for me is the bottom line. Once you have 2 mil+ topped off with SS and payed off home, your set. Adding more is icing on the cake. In a document written by Darrow Kirkpatrick (who started the blog 'caniretireyet.com' and wrote 'Retire Sooner'), he concluded t...
by backpacker61
Thu Nov 26, 2020 9:58 am
Forum: Personal Investments
Topic: Problem with turning over all of your money to one custodian, Vanguard
Replies: 50
Views: 6271

Re: Problem with turning over all of your money to one custodian, Vanguard

I wouldn't get carried away with it. My parents had 9 different accounts (that I'm aware of). Some were mutual funds held directly with the different fund firms, BDC's or CEF's directly held through the transfer agent (my Dad having originally held paper stock certificates; later held through the tr...
by backpacker61
Wed Nov 25, 2020 1:50 pm
Forum: Personal Investments
Topic: Alternatives to Vanguard, IT issues
Replies: 68
Views: 3492

Re: Alternatives to Vanguard, IT issues

I'll join in Vanguard bashing. I created the account last week and haven't been able to login to their web site since. Mobile app works (hence credentials are ok) but when I login via browser I get redirect errors. Spent an hour with their tech support, they are supposed to get back to me which I a...
by backpacker61
Tue Nov 24, 2020 11:14 am
Forum: Investing - Theory, News & General
Topic: If you roll your own financial analysis tools, what do you use?
Replies: 56
Views: 3479

Re: If you roll your own financial analysis tools, what do you use?

LibreOffice Calc and/or Google Sheets I use it to calculate/estimate my Social Security AIME, PIA, what years are in my 35-year SS earnings history, what year of earnings will be the next to get pushed out each year, how that will affect AIME, etc. I also use it for the 401K, to estimate what %-age ...
by backpacker61
Tue Nov 24, 2020 8:39 am
Forum: Personal Investments
Topic: The Anti-ESG portfolio
Replies: 40
Views: 2224

Re: The Anti-ESG portfolio

I laughed out loud reading your post and then realized you were (maybe?) serious. And giving it some thought you might actually make a killing on this idea! +1 Dang; great minds think alike. I would add to that: weed porn distilled spirits tobacco companies that do business in/with Israel gambling ...
by backpacker61
Tue Nov 24, 2020 8:04 am
Forum: Personal Investments
Topic: When to retire - early, mid, end of year
Replies: 40
Views: 3443

Re: When to retire - early, mid, end of year

In your Social Security table of years with earning entries, how would 2021 rate relative to the other years of earnings you have?

Would it displace another year of lower earnings if you worked the full year? By how much?
by backpacker61
Tue Nov 24, 2020 6:41 am
Forum: Personal Investments
Topic: TSP versus Vanguard IRA
Replies: 19
Views: 8983

Re: TSP versus Vanguard IRA

123 wrote: Sun Nov 22, 2020 7:52 pm If I had access to the TSP I would keep everything I could there if I was a boglehead indexer.
+1
by backpacker61
Sun Nov 22, 2020 8:58 am
Forum: Personal Investments
Topic: Considering switch from Vanguard to eTrade...pros, cons and other input?
Replies: 167
Views: 15429

Re: Considering switch from Vanguard to eTrade...pros, cons and other input?

I was under the mistaken impression that one could only get admiral shares at VG and otherwise you would hold investor class shares. It seems that I was mistaken. I guess I must have to wonder if you can achieve the same low costs, get a bonus, get access to more services - what is the downside to ...
by backpacker61
Sun Nov 22, 2020 7:39 am
Forum: Investing - Theory, News & General
Topic: Fed up With Flagship
Replies: 291
Views: 19464

Re: Fed up With Flagship

It was only "marathon" because they had to review each of the six legal documents they were guaranteeing my signature on. A couple of them required notarization also. They definitely do them, and have for years. That seems odd. Why would they need to review the documents? They are not end...
by backpacker61
Sun Nov 22, 2020 7:11 am
Forum: Investing - Theory, News & General
Topic: Fed up With Flagship
Replies: 291
Views: 19464

Re: Fed up With Flagship

I don't believe that any banks in my area provide them. That would surprise me. Wells Fargo does them; most banks do. I understand Bank of America doesn't. I had a marathon meeting with one of my bank's officers to get six of them a few months ago. If it took a "marathon meeting with one of yo...
by backpacker61
Sat Nov 21, 2020 7:16 pm
Forum: Investing - Theory, News & General
Topic: Fed up With Flagship
Replies: 291
Views: 19464

Re: Fed up With Flagship

I don't believe that any banks in my area provide them. That would surprise me. Wells Fargo does them; most banks do. I understand Bank of America doesn't. I had a marathon meeting with one of my bank's officers to get six of them a few months ago. If it took a "marathon meeting with one of yo...
by backpacker61
Sat Nov 21, 2020 7:03 pm
Forum: Investing - Theory, News & General
Topic: Fed up With Flagship
Replies: 291
Views: 19464

Re: Fed up With Flagship

FIREchief wrote: Sat Nov 21, 2020 2:41 pm
I don't believe that any banks in my area provide them.
That would surprise me. Wells Fargo does them; most banks do. I understand Bank of America doesn't.

I had a marathon meeting with one of my bank's officers to get six of them a few months ago.
by backpacker61
Sat Nov 21, 2020 6:53 pm
Forum: Investing - Theory, News & General
Topic: Multiple accounts....
Replies: 7
Views: 683

Re: Multiple accounts....

I would recommend consolidating down to one or two accounts, though. I worked with a parent into their 90's, and having scattered accounts got to be a bit much to deal with. There were multiple threats of escheatment, too, when they did not maintain regular contact with the providers of some of thei...
by backpacker61
Sat Nov 21, 2020 1:40 pm
Forum: Investing - Theory, News & General
Topic: Fed up With Flagship
Replies: 291
Views: 19464

Re: Fed up With Flagship

Does anyone with a Fidelity brokerage account know whether if you needed a Medallion Signature Guarantee you could get one from Fidelity? We could not get one from Vanguard when settling my parent's estate and it made for some serious nail biting as the bank where my sibling banked would not give h...
by backpacker61
Sat Nov 21, 2020 10:10 am
Forum: Personal Investments
Topic: Muni bonds in taxable
Replies: 21
Views: 3085

Re: Muni bonds in taxable

So you aren’t necessarily scared of having too much in the High Yield Tax Exempt. I know lots of posters on here treat that one like the plague but I figure it isn’t excessively risky. I guess my question is between the two, is one inherently better or is it just more yield for more potential risk ...
by backpacker61
Thu Nov 19, 2020 7:27 pm
Forum: Personal Investments
Topic: Fidelity $75 fee for Vanguard Funds
Replies: 44
Views: 4684

Re: Fidelity $75 fee for Vanguard Funds

heyyou wrote: Wed Nov 18, 2020 3:27 pm Just buy the store brand wherever you are shopping for index funds.
+1
by backpacker61
Thu Nov 19, 2020 7:07 pm
Forum: Personal Investments
Topic: Starting late at 37 and requesting your expertise/advise
Replies: 38
Views: 3050

Re: Starting late at 37 and requesting your expertise/advise

One minor point; I would prioritize funding the HSA (and investing the unspent balance) over filling up the 401K. Fund enough to get the employer match in the 401K, then fill the HSA. Bogleheads recommend this investment order: https://www.bogleheads.org/wiki/Prioritizing_investments And don't beat ...
by backpacker61
Thu Nov 19, 2020 6:42 pm
Forum: Personal Investments
Topic: Quick Question - Retirement Accounts and Annual Contribution Limits
Replies: 4
Views: 381

Re: Quick Question - Retirement Accounts and Annual Contribution Limits

I would guess it depends on which W-2 form the income for that pay period will be attributed to; 2020 or 2021.
by backpacker61
Tue Nov 17, 2020 7:23 pm
Forum: Investing - Theory, News & General
Topic: Fed up With Flagship
Replies: 291
Views: 19464

Re: Fed up With Flagship

I've never needed my Flagship rep. I'm curious. What service(s) do you need? The death of a family member can make you a very intense user of your brokerage's services until everything is dispositioned. Onboarding (asset transfers from consolidation), trust services (Trustee certification, Trust re...
by backpacker61
Tue Nov 17, 2020 12:53 pm
Forum: Personal Investments
Topic: Do you consolidate your accounts?
Replies: 29
Views: 2597

Re: Do you consolidate your accounts?

I wouldn't consider two to be too many.

I used to have 9, and that was too many.

I currently have 3 and am planning on winding it down some more to get to just two.
by backpacker61
Mon Nov 16, 2020 6:36 am
Forum: Personal Finance (Not Investing)
Topic: Record Keeping and Financial Statements - what to keep and how
Replies: 49
Views: 3139

Re: Record Keeping and Financial Statements - what to keep and how

I'm trying to shred/recycle other papers that I don't need to keep, as I plan to downsize to smaller living quarters in a few years. I'm a Fidelity client, so I'm planning to use Fidsafe to store electronic records (but haven't started yet). https://www.fidelity.com/learning-center/tools-demos/rese...
by backpacker61
Sun Nov 15, 2020 6:44 pm
Forum: Personal Investments
Topic: Too many IRAs?
Replies: 17
Views: 1226

Re: Too many IRAs?

Having worked with a parent deal with her finances into her 90's; I think it's a great idea to consolidate and simplify. This will only get more confusing to deal with as you age into your 80's and above. You might want to keep contributory IRA's separate from rollover IRA's, for asset protection re...
by backpacker61
Sun Nov 15, 2020 11:20 am
Forum: Personal Finance (Not Investing)
Topic: Record Keeping and Financial Statements - what to keep and how
Replies: 49
Views: 3139

Re: Record Keeping and Financial Statements - what to keep and how

This. My wife will be executor and trustee for her mother (who probably does not have long to live). In reviewing her financial affairs, she discovered that basis information is missing for most of the older stocks in her taxable portfolio (so for this purpose, her passing will solve many problems ...
by backpacker61
Sun Nov 15, 2020 9:17 am
Forum: Personal Finance (Not Investing)
Topic: Record Keeping and Financial Statements - what to keep and how
Replies: 49
Views: 3139

Re: Record Keeping and Financial Statements - what to keep and how

You need to keep cost basis information for any stock you own, that your brokerage does not have the cost information for. Most brokerages have been maintaining your cost basis information for about 20 years or so. I have a couple stocks I bought in about 1997, that went through 2 other brokerages b...
by backpacker61
Sun Nov 15, 2020 6:23 am
Forum: Personal Consumer Issues
Topic: Most comfortable shoe: please recommend
Replies: 81
Views: 6615

Re: Most comfortable shoe: please recommend

New Balance 990 (or whatever the latest 99x version is of that model) Most comfortable sneaker/tennis shoe I have ever owned. Pricey, but worth it +1 I wear New Balance 990v4; in 2A width. Yes, it's actually available in that width. I wore New Balance MW1569 lightweight boots for 485 miles thru hik...
by backpacker61
Sat Nov 14, 2020 7:41 pm
Forum: Personal Investments
Topic: Do I have too much HSA money?
Replies: 87
Views: 10768

Re: Do I have too much HSA money?

Spirit Rider wrote: Sat Nov 14, 2020 9:37 am It also could allow you to self-insure LTC expenses.
+1
Keep funding the HSA; then do not buy LTC insurance.
by backpacker61
Fri Nov 13, 2020 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Aging parents - who pays for expenses related to medical care
Replies: 109
Views: 5554

Re: Aging parents - who pays for expenses related to medical care

miamivice wrote: Fri Nov 13, 2020 1:10 pm We need to keep our jobs to pay for our children, our mortgage, and our other regular expenses.
+1
Your first obligation is to your children.
by backpacker61
Wed Nov 11, 2020 7:14 am
Forum: Personal Investments
Topic: Need help developing strategy for parents
Replies: 26
Views: 2579

Re: Need help developing strategy for parents

I think you need a strategy for working with your brother more than anything else. Come to an agreement?

Your VTTVX seemed fine to me.
by backpacker61
Wed Nov 11, 2020 7:00 am
Forum: Personal Consumer Issues
Topic: Anyone log into Vanguard web site successfully? [Antivirus software compatibility concerns]
Replies: 66
Views: 4975

Re: Anyone log into Vanguard web site successfully? (11/10/2020)

KlangFool wrote: Tue Nov 10, 2020 6:07 pm Folks,

It works on a separate computer. Something is wrong over here.

KlangFool
Yes, I had problems at times. Got in okay at other times.
Run Mozilla on Linux Mint 19.3 32 bit.
by backpacker61
Tue Nov 10, 2020 8:20 am
Forum: Personal Investments
Topic: Migrating legacy funds to new fund
Replies: 12
Views: 1336

Re: Migrating legacy funds to new fund

I own an extended stock market index fund (Fidelity's FSMAX), and it's definitely less tax efficient than a total stock market index fund. Luckily, I hold it in an IRA, so that doesn't matter. I think I would close the extended stock market fund out completely, put the resulting proceeds in VTSAX. I...
by backpacker61
Mon Nov 09, 2020 6:45 am
Forum: Personal Consumer Issues
Topic: How much do you spend per week on groceries?
Replies: 61
Views: 4751

Re: How much do you spend per week on groceries?

I've explained how in several previous threads. Basically, we eat the same things every day and we've figured out the most economical way to purchase them. We also do not make "meals", 90% of food is prepared on Sunday afternoons and placed in tupperware to be eaten throughout the week. N...
by backpacker61
Sun Nov 08, 2020 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: 39 Year-Old Offered Pension Lump Sum Buyout - Take It?
Replies: 74
Views: 6517

Re: 39 Year-Old Offered Pension Lump Sum Buyout - Take It?

I have heard horror stories of pension plans not being solvent and retirees getting cents on the dollar. Like in the Teamsters pensions plan or United Airlines, etc. The horror stories aren't comparable to the OP's situation. The Teamster's Central States pension with widely publicised issues is a ...
by backpacker61
Sun Nov 08, 2020 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: 39 Year-Old Offered Pension Lump Sum Buyout - Take It?
Replies: 74
Views: 6517

Re: 39 Year-Old Offered Pension Lump Sum Buyout - Take It?

Stinky wrote: Sun Nov 08, 2020 8:26 am I’d defer until 65.

The lump sum offer you’re receiving today is a low ball offer. Don’t take it.
+1
by backpacker61
Sat Nov 07, 2020 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: 39 Year-Old Offered Pension Lump Sum Buyout - Take It?
Replies: 74
Views: 6517

Re: 39 Year-Old Offered Pension Lump Sum Buyout - Take It?

For our 3 plans, my spouses maxes out at 66, my larger initially maxed out at 70, but last I looked it seems like they updated it to allow age 72 now with a higher payout (presumably aligned with the change to RMD's pushing back to 72 as well). (Could be 72.5, haven't checked that close... But the ...