Search found 740 matches

by Van
Sat Sep 26, 2020 4:26 pm
Forum: Personal Investments
Topic: Can CDs Purchased Elsewhere Be Transferred To Vanguard Brokerage?
Replies: 9
Views: 472

Re: Can CDs Purchased Elsewhere Be Transferred To Vanguard Brokerage?

I think it's unlikely that a CD purchased at a brick and mortar bank can be transfered like a brokered CD. The reason is that the retail arm of the bank that sold the CD at the bank likely wants to keep those assets on its books. With retail CDs they place a certain reliance that many of them will ...
by Van
Sat Sep 26, 2020 3:08 pm
Forum: Personal Investments
Topic: Can CDs Purchased Elsewhere Be Transferred To Vanguard Brokerage?
Replies: 9
Views: 472

Re: Can CDs Purchased Elsewhere Be Transferred To Vanguard Brokerage?

Are the CDs in question brokered CD's bought through another investment platform? Do they have a CUSPID? I have had no problem going from TD to Fidelity but you should call Vanguard to confirm. I don't actually have any CDs now that I want to transfer. All of CDs that I currently own were purchased...
by Van
Sat Sep 26, 2020 2:32 pm
Forum: Personal Investments
Topic: Can CDs Purchased Elsewhere Be Transferred To Vanguard Brokerage?
Replies: 9
Views: 472

Re: Can CDs Purchased Elsewhere Be Transferred To Vanguard Brokerage?

Thanks Alex_686. What does DTC eligible mean?
by Van
Sat Sep 26, 2020 2:23 pm
Forum: Personal Investments
Topic: Can CDs Purchased Elsewhere Be Transferred To Vanguard Brokerage?
Replies: 9
Views: 472

Can CDs Purchased Elsewhere Be Transferred To Vanguard Brokerage?

I like having everything in one place. All of my investments, including a number of CDs, are in my Vanguard Account. These CDs are all brokered CDs and were all purchased through my Vanguard Brokerage account. However, there are better CDs in terms of rates to be had other than those listed on the V...
by Van
Wed Sep 23, 2020 3:00 pm
Forum: Personal Investments
Topic: MYGA: State Insurance Coverage
Replies: 34
Views: 1654

Re: MYGA: State Insurance Coverage

I don't want to thread jack here, but if there are state guarantees, why are people so obsessed with the letter grade of the insurance company? Like I will see people take less interest for an "A" rated company versus a B-. If you are under the state limits (so you'll be made whole, and it's unlike...
by Van
Wed Sep 23, 2020 1:16 pm
Forum: Personal Investments
Topic: MYGA: State Insurance Coverage
Replies: 34
Views: 1654

Re: MYGA: State Insurance Coverage

I finally got a response from the PA Life & Health Guaranty Association. "$100,000 per person, per company, with a lifetime maximum of $300,000." So to be ultra cautious, I interpret the above as meaning you could have $300,000 outstanding at any time, providing you had never received any benefit in...
by Van
Wed Sep 23, 2020 7:32 am
Forum: Personal Investments
Topic: MYGA: State Insurance Coverage
Replies: 34
Views: 1654

Re: MYGA: State Insurance Coverage

Thanks Stinky.

I have sent 3 emails so far with no response. As you have suggested, if I don't receive a reply soon (today), I will call and see if that works.

I agree that the language is confusing and seemingly contradictory and that most Bogleheads could to better!
by Van
Tue Sep 22, 2020 9:12 pm
Forum: Personal Investments
Topic: MYGA: State Insurance Coverage
Replies: 34
Views: 1654

Re: MYGA: State Insurance Coverage

Vineviz, Thanks for your interest and contributions on this topic. You indicate that PA has a lifetime aggregate limit of $300K for an individual. Can you provide the reference, i.e. the language, for this? This is a game changer from my standpoint, as I would have more than that at risk. Thanks aga...
by Van
Tue Sep 22, 2020 6:57 pm
Forum: Personal Investments
Topic: MYGA: State Insurance Coverage
Replies: 34
Views: 1654

Re: MYGA: State Insurance Coverage

From what I've read after this thread started, I think Stinky is correct. In PA, the cap is $100K for a MYGA, not $300K.

But, regardless of whether it is $100K or $300K, is it per insurance company or per individual?
by Van
Tue Sep 22, 2020 1:45 pm
Forum: Personal Investments
Topic: MYGA: State Insurance Coverage
Replies: 34
Views: 1654

Re: MYGA: State Insurance Coverage

Are those limits in total per person? Or are those limits per person for each insurer, so one could use 2 or 3 different annuities from different insurers? And would an individual annuity count separately from a joint annuity where there is a couple involved? This alone would give couples 3x the co...
by Van
Tue Sep 22, 2020 1:30 pm
Forum: Personal Investments
Topic: MYGA: State Insurance Coverage
Replies: 34
Views: 1654

Re: MYGA: State Insurance Coverage

I'm glad I stumbled upon this thread. I'm also from Pennsylvania and have been considering a MYGA. There is a lot of references online that state Pa guarantees up to 300K. I think this is incorrect for a MYGA. The Pa website guarantee association, https://www.palifega.org, doesn't provide a clear a...
by Van
Mon Sep 21, 2020 6:50 pm
Forum: Personal Investments
Topic: MYGA: State Insurance Coverage
Replies: 34
Views: 1654

Re: MYGA: State Insurance Coverage

I think it might be $100,000 per insurance company. However, I could not find a clear cut statement to that effect on the PA website. So, I emailed a question. It's late on the east coast, so I don't expect an answer very soon. Moreover, it's the state of PA. :D
by Van
Mon Sep 21, 2020 6:30 pm
Forum: Personal Investments
Topic: MYGA: State Insurance Coverage
Replies: 34
Views: 1654

Re: MYGA: State Insurance Coverage

Are those limits in total per person? Or are those limits per person for each insurer, so one could use 2 or 3 different annuities from different insurers? And would an individual annuity count separately from a joint annuity where there is a couple involved? This alone would give couples 3x the co...
by Van
Mon Sep 21, 2020 4:41 pm
Forum: Investing - Theory, News & General
Topic: Is anyone waiting until after the election?
Replies: 145
Views: 12902

Re: Is anyone waiting until after the election?

The election-related stuff shouldn't be acted upon because most will fall into the trap of assuming their favored candidate will be better for the market. But the market doesn't really care who your favorite candidate is. Even though you will see various Wall Street types opining about what the mar...
by Van
Mon Sep 21, 2020 3:49 pm
Forum: Personal Investments
Topic: MYGA: State Insurance Coverage
Replies: 34
Views: 1654

Re: MYGA: State Insurance Coverage

Thanks HueyLD. It's not looking good. Looks like a $100,000 limit in PA.
by Van
Mon Sep 21, 2020 3:17 pm
Forum: Personal Investments
Topic: MYGA: State Insurance Coverage
Replies: 34
Views: 1654

Re: MYGA: State Insurance Coverage

Thanks Stinky, but your answer is not what I was hoping for. I believe you are considered very knowledgeable in this area, and so, your answer is probably correct. I'm glad I asked, as it would appear that I best limit my MYGA purchases to a maximum of $100,000. Perhaps some others will confirm what...
by Van
Mon Sep 21, 2020 3:06 pm
Forum: Personal Investments
Topic: MYGA: State Insurance Coverage
Replies: 34
Views: 1654

MYGA: State Insurance Coverage

The Pennsylvania Life & Health Guaranty Association covers annuities as follows: $300,000 if the contract has been annuitized $100,000 if the contract is in deferred status Am I correct in assuming that by their very nature all MYGAs have been annuitized? Anyone know what the deferred status refers ...
by Van
Sun Sep 20, 2020 7:22 pm
Forum: Investing - Theory, News & General
Topic: Is anyone waiting until after the election?
Replies: 145
Views: 12902

Re: Is anyone waiting until after the election?

Yep, I'm waiting. I've had some CDs come due in the last couple of months, and two more will mature at the end of September. With CD rates so low, I have not been able to make a decision on where to invest the proceeds. New CDs are not attractive to me at all. With real serious turmoil a possibility...
by Van
Sat Aug 22, 2020 6:03 am
Forum: Personal Consumer Issues
Topic: Hobbies that cost $$
Replies: 23
Views: 1892

Re: Hobbies that cost $$

Very expensive: anything equestrian.
by Van
Mon Aug 17, 2020 5:16 pm
Forum: Investing - Theory, News & General
Topic: Won the game
Replies: 49
Views: 7590

Re: Won the game

randomguy wrote: Tue Aug 11, 2020 8:24 am You won the game when you are dead and all your financial obligations have been completed. Up until then you are winning the game but it is still possible to lose to unexpected events.
Wow. Winning is so important to me I'm going to inject some curare this evening.
by Van
Mon Aug 17, 2020 1:31 pm
Forum: Personal Investments
Topic: Tales of Wells Fargo
Replies: 6
Views: 700

Tales of Wells Fargo

If you are not already a customer of Wells Fargo, don't ever think about becoming one. I received a letter in the mail today stating that my $90 annual payment for my Safe Deposit Box was overdue. I mailed a check to Wells Fargo on 6/22, and it has never been cashed (SO FAR). I called Wells Fargo, a...
by Van
Sun Aug 16, 2020 1:24 pm
Forum: Personal Investments
Topic: Is it time to hold cash instead of Bonds?
Replies: 76
Views: 10396

Re: Is it time to hold cash instead of Bonds?

Right now I am holding ICSH (ultra short term bond). Looks like it is getting slightly better return than any of the proposed alternatives. Can anyone tell me if this is a bad idea? I'm not a bond guru, so I won't attempt to offer an opinion on whether this is a bad idea or not. I sure hope some fo...
by Van
Thu Aug 13, 2020 4:20 pm
Forum: Personal Consumer Issues
Topic: Products that last forever
Replies: 238
Views: 15592

Re: Products that last forever

Plastic anything. UNFORTUNATELY.
by Van
Thu Aug 13, 2020 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Financially Independent young - why not retire?
Replies: 42
Views: 5734

Re: Financially Independent young - why not retire?

I retired at age 51. I've never regretted it. However, it might not be for everyone. Are you the type of person that needs to be busy doing something generally considered "useful" most of the time? If so, retirement at a young age might not suit your personality. As for me, I am pretty good at doing...
by Van
Wed Aug 12, 2020 1:44 pm
Forum: Personal Consumer Issues
Topic: Should I purchase a whole house generator?
Replies: 321
Views: 15792

Re: Should I purchase a whole house generator?

It depends on how often your power goes off, how long it usually stays off and how severe the consequences are of having no power. For example, do you have a well? If yes, no power means no water, a not very pleasant situation for sure. We have a well, our power goes off 2 to 4 times per year and so...
by Van
Sun Aug 09, 2020 3:40 pm
Forum: Personal Consumer Issues
Topic: Whole House Generator propane odor
Replies: 9
Views: 806

Re: Whole House Generator propane odor

We have a 20Kw propane fueled whole house generator. It has run numerous times over the 10 years we have had it. NEVER smelled propane odor.
by Van
Fri Aug 07, 2020 3:01 pm
Forum: Investing - Theory, News & General
Topic: Anyone else hoarding cash right now?
Replies: 201
Views: 21484

Re: Anyone else hoarding cash right now?

If you consider staggered CD as cash, then yes I have been significantly adding to these holdings. I considered this decision due to a special circumstance. I was exceptionally fortunate to purchase 3,4 and 5 year CD's (at 3-3.25%) that have an unlimited add on feature, so why not? Francis Is the "...
by Van
Wed Aug 05, 2020 6:09 pm
Forum: Personal Investments
Topic: Bond Fund Outside IRA: Reinvest Dividends?
Replies: 4
Views: 372

Re: Bond Fund Outside IRA: Reinvest Dividends?

I prefer to not reinvest stock or bond funds in taxable accounts. This makes taxes a little simpler, ie not as many tax lots, plus allows adjustment of aaa, plus prevents problems with tax loss harvesting. That has been my approach as well, but I'm thinking about reinvesting dividends at this point...
by Van
Wed Aug 05, 2020 4:12 pm
Forum: Personal Investments
Topic: Bond Fund Outside IRA: Reinvest Dividends?
Replies: 4
Views: 372

Bond Fund Outside IRA: Reinvest Dividends?

Most of the discussion involving bond funds deals with bond funds inside an IRA or other tax advantaged account. It seems "everyone" recommends reinvesting dividends. This apparently tends to offset and smooth out the total return of the fund as NAV fluctuates over time due to, for example, changes ...
by Van
Thu Jul 30, 2020 8:49 pm
Forum: Personal Consumer Issues
Topic: Books that changed your life
Replies: 242
Views: 22469

Re: Books that changed your life

Willy Wong American

A book I would guess almost no one has heard of. Published in 1952. I read it when I was a young boy of around of 12 years old. It deals with discrimination against a young Chinese boy in San Francisco (as I recall). Anyway it profoundly affected me.
by Van
Thu Jul 30, 2020 3:53 pm
Forum: Investing - Theory, News & General
Topic: Barron’s article on bonds
Replies: 89
Views: 5801

Re: Barron’s article on bonds

Please everyone. When you are talking about invested money, it is princiPAL not principle.
by Van
Mon Jul 27, 2020 11:44 am
Forum: Personal Investments
Topic: Move from MM to Total Bond and from S-T to Total bond
Replies: 9
Views: 1061

Re: Move from MM to Total Bond and from S-T to Total bond

mickeyd wrote: Mon Jul 27, 2020 11:31 am Market timing is seldom a winning strategy.
How do you know that?
by Van
Fri Jul 24, 2020 7:14 pm
Forum: Personal Investments
Topic: Risk in the Muni market
Replies: 8
Views: 648

Re: Risk in the Muni market

It just seems to me that most municipalities have to be looking at lower revenue given the pandemic. I know that is not very analytical, but several folks have expressed similar concern on this forum. I worry about a much higher default rate in municipal bonds going forward, especially since no end ...
by Van
Fri Jul 24, 2020 4:03 pm
Forum: Personal Investments
Topic: Risk in the Muni market
Replies: 8
Views: 648

Re: Risk in the Muni market

If it is not a substantially higher risk premium, then what is it that explains the tax-free yield of the Muni MM being essentially twice that of the taxable Prime MM?
by Van
Fri Jul 24, 2020 2:28 pm
Forum: Personal Investments
Topic: Risk in the Muni market
Replies: 8
Views: 648

Risk in the Muni market

SEC yield for Vanguard Municipal Money Market is 0.23%; SEC yield for Vanguard Prime Money Market is 0.12%.

Does that tell you all you need to know about the municipal market being very risky in the COVID era?
by Van
Wed Jul 22, 2020 4:46 pm
Forum: Personal Consumer Issues
Topic: What surprised you the most once you retired?
Replies: 267
Views: 31173

Re: What surprised you the most once you retired?

I discovered that I was really good at doing nothing.
by Van
Tue Jul 21, 2020 4:54 am
Forum: Personal Investments
Topic: Vanguard Utilities Index: Too Risky?
Replies: 17
Views: 1488

Re: Vanguard Utilities Index: Too Risky?

It seems unanimous so far. The Vanguard Utilities Index is deemed to be a poor choice for seeking yield in this low interest environment. It is too volatile and has the risk associated with stocks rather than bonds.

Thanks to everyone who took the time to respond.
by Van
Mon Jul 20, 2020 7:30 pm
Forum: Personal Investments
Topic: Vanguard Utilities Index: Too Risky?
Replies: 17
Views: 1488

Re: Vanguard Utilities Index: Too Risky?

The standard Boglehead answer is to invest for total return, not dividends. The answer you are looking for is preferred stock, not utilities. PFF is yielding 5.1% right now I'm not very knowledgeable about preferred stocks. How different is a fund comprised of utilities compared to a fund of prefer...
by Van
Mon Jul 20, 2020 7:03 pm
Forum: Personal Investments
Topic: Vanguard Utilities Index: Too Risky?
Replies: 17
Views: 1488

Re: Vanguard Utilities Index: Too Risky?

Mostly yield right now because my usual yield plays (CDs etc.) are near zero.
by Van
Mon Jul 20, 2020 6:40 pm
Forum: Personal Investments
Topic: Vanguard Utilities Index: Too Risky?
Replies: 17
Views: 1488

Vanguard Utilities Index: Too Risky?

Like a lot of folks I'm looking for some decent yield. This fund currently has a SEC yield of 3.54%, but Vanguard gives it the highest risk rating of 5. I think that risk rating is mainly because it is a narrow sector and not more diverse. But, man, it's utilities. What do you think? Do you have any...
by Van
Fri Jul 17, 2020 2:27 pm
Forum: Personal Investments
Topic: Bond Funds
Replies: 4
Views: 664

Re: Bond Funds

As I understand it, your NAV will decrease by 2 X the duration, 5.6%. The SEC yield will go up, but I don't know by exactly how much, nor do I know the time frame. Perhaps, one of the bond gurus will be able to give you a better answer.
by Van
Wed Jul 15, 2020 3:59 pm
Forum: Personal Investments
Topic: 100% cash in this unprecidented time?
Replies: 57
Views: 6881

Re: 100% cash in this unprecidented time?

What is the current yield on Vanguard Money Market Fund held in brokerage account? I am trying to work out monthly income I need since I am retired at this time. Thanks, The SEC yield on the brokerage sweep fund, the Federal Money Market, is 0.11%. I hope your need for monthly income is not too gre...
by Van
Mon Jul 13, 2020 4:26 pm
Forum: Personal Investments
Topic: 100% cash in this unprecidented time?
Replies: 57
Views: 6881

Re: 100% cash in this unprecidented time?

I'll admit it. I'm extremely nervous in this COVID-19 environment. How bad is this going to get? Nobody knows, of course. Will it pass in a few months, and then the stock market will gradually recover? Will it get really ugly, both socially with lawlessness and rioting and economically with more th...
by Van
Tue Jul 07, 2020 3:08 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Prime Money Market Fund
Replies: 75
Views: 6144

Re: Vanguard Prime Money Market Fund

A couple of months ago I moved a part of my money in Prime MM and Municipal MM into the Ultra Short Term Bond fund. So far, so good, but my time frame is very short, and I'm uncertain how I will view this move as time marches on.
by Van
Sun Jul 05, 2020 6:11 pm
Forum: Personal Consumer Issues
Topic: Buying house without realtors
Replies: 84
Views: 5087

Re: Buying house without realtors

I have bought 2 houses without a real estate company being involved. The paperwork is all done by the Title company (Abstract company) in some places. You don't need a real estate agent to hold your hand.
by Van
Mon Jun 29, 2020 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: What is the best financial decision you ever made?
Replies: 213
Views: 16787

Re: What is the best financial decision you ever made?

Deciding to sacrifice some fun during my youth to get a really good education (PhD in a a medical field). Nine years of undergraduate and graduate school, followed by a couple of years of postdoc studies. But it payed off financially more than I could have imagined.
by Van
Fri Jun 26, 2020 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: How much umbrella insurance?
Replies: 146
Views: 7740

Re: How much umbrella insurance?

The amount of the umbrella does not limit how much you can lose. It does establish a buffer between a judgement and your personal assets. It also covers the cost of defending a claim. At $5 million, any insurance company is going to be all in on defending a claim against you. Regardless of the size...
by Van
Thu Jun 25, 2020 5:54 pm
Forum: Personal Consumer Issues
Topic: What is the single best piece of exercise equipment you bought for your home?
Replies: 245
Views: 14859

Re: What is the single best piece of exercise equipment you bought for your home?

A stationary bike. It's in the basement and gets used regularly. Very good general exercise and cardio.