Search found 4574 matches

by mickeyd
Sun Sep 23, 2018 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care
Replies: 69
Views: 2931

Re: Long Term Care

I Have always thought that LTCi was over priced and a waste of money in the long term. Of course, insurance agents will advise you that this is incorrect. I know that I have saved many thousands of $s over the last 10 years by assuming the LTC risk myself.
by mickeyd
Sun Sep 16, 2018 1:40 pm
Forum: Investing - Help with Personal Investments
Topic: How to invest money that you may need in 6 months to a year.
Replies: 17
Views: 1815

Re: How to invest money that you may need in 6 months to a year.

PMMF is the correct response here. Currently has a yield of 2.09% but that will quickly jump up as soon as the FED bumps their rate up (this month?). FDIC insurance is a non-factor for such a short term.
by mickeyd
Sun Aug 19, 2018 5:01 pm
Forum: Investing - Help with Personal Investments
Topic: Retirees: Timing your withdrawals
Replies: 40
Views: 3712

Re: Retirees: Timing your withdrawals

When the stock market peaked a week or so ago I took out 50% of my RMD. This is the third year in a row that I have done this. Will take the balance of RMD before December unless the stock market decides to become bullish prior to that time. Sounds like market timing to me!
by mickeyd
Sun Aug 19, 2018 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Money Market Funds vs. Online Banks
Replies: 38
Views: 3677

Re: Money Market Funds vs. Online Banks

I dumped PMMF for Ally online a few years ago when rates were low-low. I have since dumped Ally for PMMF. Cash is king.
by mickeyd
Sat Aug 18, 2018 1:55 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard share price updating
Replies: 3
Views: 556

Re: Vanguard share price updating

Starting the week of August 13, I find non-vanguard mutual fund prices are not updated by 7pm, nor do they appear to be updated the following morning?
Maybe you are checking it too often. I never check, yet it somehow has always updated.

Stay the course.
by mickeyd
Sat Aug 11, 2018 2:11 pm
Forum: Personal Consumer Issues
Topic: Junk Mail
Replies: 28
Views: 2686

Re: Junk Mail

Without junk mail I'd never get a chance to fill up my recycling bin.
by mickeyd
Sat Aug 11, 2018 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Advisor Mandatory?
Replies: 36
Views: 3315

Re: Financial Advidor Mandatory?

Financial advisors and wealth managers are not in the business of giving advice. Rather, they are in the business of getting paid to give advice.

You can probably do it yourself.
by mickeyd
Fri Aug 10, 2018 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Should I tell my family/friend that they are making a financial mistake?
Replies: 87
Views: 8058

Re: Should I tell my family/friend that they are making a financial mistake?

Instead of offering financial advice (something that I will never do) ask something like this : "Gee uncle Bill, why did you choose XXX mutual fund?" and see where that leads you.
by mickeyd
Sat Aug 04, 2018 2:15 pm
Forum: Local Chapters and Bogleheads Community
Topic: How did you become a Boglehead?
Replies: 53
Views: 3743

Re: How did you become a Boglehead?

Like many others here I was always a Boglehead even before the term was invented 11+ years ago. I followed Vanguard Diehards a few years before this site was erected and Bogleheads was voted on to be the name we now enjoy.
by mickeyd
Sat Aug 04, 2018 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Yogi said it. It must be true.
Replies: 21
Views: 2605

Yogi said it. It must be true.

Many of you have probably seen this Vanguard article. Since it's baseball season, it's worth a repeat read.

https://investornews.vanguard/major-lea ... 18:101:INV:
by mickeyd
Thu Aug 02, 2018 3:48 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 737
Views: 70295

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

Any indication when Vanguard will follow suit? It’s a pain to transfer companies but this would be worth it I don't believe that VG uses loss-leaders or subsidizes funds as other MF companies do. The VG ER is truly what the cost to run the fund is. It's that simple. The Johnson family is rich and c...
by mickeyd
Wed Aug 01, 2018 4:28 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 737
Views: 70295

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

Any indication when Vanguard will follow suit? It’s a pain to transfer companies but this would be worth it I don't believe that VG uses loss-leaders or subsidizes funds as other MF companies do. The VG ER is truly what the cost to run the fund is. It's that simple. The Johnson family is rich and c...
by mickeyd
Tue Jul 31, 2018 3:35 pm
Forum: Personal Consumer Issues
Topic: Best BBQ in San Antonio
Replies: 41
Views: 3011

Re: Best BBQ in San Antonio

Try Black Board BBQ in Sisterdale. Wagyu Brisket alone is worth it, but add the wild boar sausage and your treat is complete.

Note: Only open Thurs-Sat noon-8.

https://jessicalynnstrom.com/2017/08/11/blackboard-bbq/
by mickeyd
Tue Jul 31, 2018 3:17 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard IRA transfer: send Certified or Regular mail
Replies: 11
Views: 618

Re: Vanguard IRA transfer: send Certified or Regular mail

For what it's worth, I have always sent stuff to VG via regular mail and have never had any trouble nor lack of speedy delivery. Probably just lucky.
by mickeyd
Mon Jul 30, 2018 1:24 pm
Forum: Personal Consumer Issues
Topic: Tips for staying active / injury-free into older age
Replies: 130
Views: 9698

Re: Tips for staying active / injury-free into older age

Consider living in a CCRC where they have a higher socioeconomic resident than the general population and that is reflected in their better health status.
by mickeyd
Mon Jul 30, 2018 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Are Credit Cards Actually Convenient?
Replies: 91
Views: 7150

Re: Are Credit Cards Actually Convenient?

Been using a CC to pay bills for about 50 years. I have always paid off the balance monthly (like all good Bogleheads). I consider it a convenience that I am taking advantage of to the fullest extent. Charge on!
by mickeyd
Sun Jul 22, 2018 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Universal Life Insurance question - What to do?!?!
Replies: 16
Views: 1373

Re: Universal Life Insurance question - What to do?!?!

I don't need this policy now.

Nuf said. Invest it.
by mickeyd
Sat Jul 21, 2018 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance Premiums on Credit Card
Replies: 12
Views: 937

Re: Life Insurance Premiums on Credit Card

I currently pay my P&C insurance (USAA) with my USAA Visa card. In addition I receive a 1.5% reward. The way that I look at it, I pay 1.5% less for my coverage because of this strategy.
by mickeyd
Sat Jul 21, 2018 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Universal Life Insurance question - What to do?!?!
Replies: 16
Views: 1373

Re: Universal Life Insurance question - What to do?!?!

Why did you purchase this policy? Has your situation changed?
by mickeyd
Sat Jul 21, 2018 3:05 pm
Forum: Investing - Theory, News & General
Topic: Learning the Boglehead way
Replies: 4
Views: 500

Re: Learning the Boglehead way

Your selected path looks good. Not sure if one path is better than another. The main thing is to read and devise a plan that fits your investment path. Stick with your plan. As Jack Bogle has often said, "Stay the course".

Good luck.
by mickeyd
Sat Jul 14, 2018 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Understanding cash value policy
Replies: 2
Views: 340

Re: Understanding cash value policy

He gave us a statement that shows dividends, cash value, surrender charges Insurance dividends are a tax free distribution to the policy owner (an overpayment of premium.) Any interest that they earn however, is taxable. Cash value is the amount of cash (not including divs) that policy owner will r...
by mickeyd
Sat Jul 14, 2018 1:49 pm
Forum: Investing - Theory, News & General
Topic: Getting antsy with indexing? Reporter doing story.
Replies: 12
Views: 2988

Re: Getting antsy with indexing? Reporter doing story.

Sorry, I can't qualify for this article.
by mickeyd
Sat Jul 14, 2018 1:45 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 239
Views: 30643

Re: Vanguard Municipal Money Market VMSXX 1.39%

I expected the muni MM fund TEYs to go above Prime MM sometime in July, but it peaked before that happened,
Come on Kevin, you know that market timing seldom works.
by mickeyd
Sat Jul 14, 2018 1:35 pm
Forum: Investing - Help with Personal Investments
Topic: Dave Ramsey made me laugh today
Replies: 63
Views: 6961

Re: Dave Ramsey made me laugh today

If Dave continues this assault on logical long-term diversified low-cost investing, he will surely fail to pass any future Boglehead initiation rites (including secret hand-shake and vocal password), should he ever complete the proper BH enrollment docs.
by mickeyd
Sat Jul 14, 2018 1:23 pm
Forum: Investing - Help with Personal Investments
Topic: transferring funds from individual 401k to T Ira?
Replies: 6
Views: 340

Re: transferring funds from individual 401k to T Ira?

solo 401k and traditional Ira at Vanguard,

possible? how? need to pay tax?
Not a taxable event if done properly. VG does thousands of these weekly. Call the 800 # and they will guide you to and easy landing. Many Bogleheads, including me, have done so with great ease.
by mickeyd
Sat Jul 07, 2018 2:16 pm
Forum: Investing - Theory, News & General
Topic: Where is the USA domestic investor ?
Replies: 11
Views: 1166

Re: Where is the USA domestic investor ?

By-passing international investments like VG Total International Stock Index fund (VTIAX) is a good way to not invest in companies like Shell, Tencent, Nestle, Samsung, HSBC, Toyota, Unilever and many others. By just slicing off 20% of your equity position and stashing it in the TIS fund creates a g...
by mickeyd
Sat Jul 07, 2018 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Having first child - Life Insurance question
Replies: 37
Views: 2715

Re: Having first child - Life Insurance question

Forget about the WL option. Search for 3-4 more term insurance options. Perhaps the Liberty Mutual option is the best option, but until you compare other term policies you will never know. BTW, stay away from insuring your new baby. Agents often like to add this to the package to boost their commiss...
by mickeyd
Sat Jul 07, 2018 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: What rate of return are you using for retirement projections?
Replies: 99
Views: 9802

Re: What rate of return are you using for retirement projections?

I do not make/rely on projections any more. I am satisfied to receive what the entire market is sequenced to give me.

My plan is working...
by mickeyd
Sat Jul 07, 2018 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: What I spent in 6 months on medicare
Replies: 159
Views: 13155

Re: What I spent in 6 months on medicare

DW and I are fortunate enough to be covered by Medicare/Tricare and our entire medical cost is only what is deducted from our SSA each month ($134?). Thank goodness the military (really we generous taxpayers) picks up the tab for all meds, labs etc. and requires no co-pay. Knowing that our medical e...
by mickeyd
Sat Jul 07, 2018 1:05 pm
Forum: Investing - Help with Personal Investments
Topic: Trying to hit grand slam with small % portfolio?
Replies: 49
Views: 3528

Re: Trying to hit grand slam with small % portfolio?

I just re-checked my financial plan and there is no mention of "grand-slam" or timing the market in that written document. There is, however, a note about "staying the course", whatever that is.
by mickeyd
Wed Jul 04, 2018 2:14 pm
Forum: Investing - Help with Personal Investments
Topic: 401k fees...what's "too high?"
Replies: 50
Views: 3408

Re: 401k fees...what's "too high?"

Not all 401(k)s have fees paid by the employee. I've been lucky, and I've never had separate fees in any of my 401(k)
That is a wonderful benefit. I wonder how many employees where you work realize how unique that is?
by mickeyd
Wed Jul 04, 2018 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Prime Money Market vs. 'Brick & Mortar' Savings Account
Replies: 18
Views: 2790

Re: Prime Money Market vs. 'Brick & Mortar' Savings Account

She recently asked me if there was a place to put her money while she waits for the 'dream house' that would ‘make more interest’ than she is getting now. I always hesitate to recommend how someone should invest their precious assets. One wrong turn, and you are the one that gave them bad advice. T...
by mickeyd
Wed Jul 04, 2018 12:56 pm
Forum: Investing - Help with Personal Investments
Topic: 401k fees...what's "too high?"
Replies: 50
Views: 3408

Re: 401k fees...what's "too high?"

44bps added to a low-cost VG fund seems steep to me. I would consider getting in up to the employer match and then starting an IRA @ VG for the same fund. Ask the HR department why the fees are so high in YOUR 401(k).

Good luck.
by mickeyd
Wed Jul 04, 2018 12:36 pm
Forum: Investing - Theory, News & General
Topic: Morningstar article [Bogleheads' Guide to the Three-Fund Portfolio]
Replies: 24
Views: 1898

Re: Morningstar article

Thanks for the post Mr BB. Great review for Taylor's newest book. Thus, for his book's audience--meaning me, and presumably you--Taylor's asset allocation is sufficient. Let's put it this way: It is a terrific starting point for novice investors and a perfectly sensible ending point for the experien...
by mickeyd
Wed Jul 04, 2018 12:22 pm
Forum: Investing - Help with Personal Investments
Topic: What happens if your Vanguard account has been hacked.
Replies: 21
Views: 3018

Re: What happens if your Vanguard account has been hacked.

What would Vanguard do to help me get my money back?
Though I have been a long-time VG investor, this is not an issue that I have ever lost any sleep over. I worry about other things like, when is it going to rain so that I will not have to spread water on my lawn in a regular manner.
by mickeyd
Tue Jul 03, 2018 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Large ACH from NavyFed to PenFed?
Replies: 19
Views: 1158

Re: Large ACH from NavyFed to PenFed?

I recently moved my CD $ (large amount) from NFCU to USAA and was given wrong info by CSR on the phone. I wanted them to send a cashiers check to USAA ASAP. I complained to NFCU folks who send the money that I was given poor advice by the other part of the CU. They comped me a Bank Wire ($14 normal ...
by mickeyd
Mon Jul 02, 2018 2:42 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Prime Money Market Fund (VMMXX) breaks 1.00 (% not $)
Replies: 234
Views: 43685

Re: Vanguard Prime Money Market Fund (VMMXX) breaks 1.00 (% not $)

Does anyone keep their emergency fund in this fund?
I retain all of my cash reserves in PMMF now that the SEC Yield pays over most online savings accounts APY. I do not have an "emergency fund," but my cash reserves serves the same purpose.
by mickeyd
Sat Jun 30, 2018 1:49 pm
Forum: Investing - Theory, News & General
Topic: Looking for feedback on article
Replies: 3
Views: 341

Re: Looking for feedback on article

Post it here and you will get dozens of thoughtful responses.
by mickeyd
Sat Jun 30, 2018 1:45 pm
Forum: Investing - Theory, News & General
Topic: Taylor's New Book: The Bogleheads' Guide to The Three-Fund Portfolio
Replies: 210
Views: 35315

Re: Taylor's New Book: The Bogleheads' Guide to The Three-Fund Portfolio

Thank you Taylor.
Thank you Mel.
Thanks you everyone who makes a contribution to this magnificent site.
by mickeyd
Fri Jun 29, 2018 2:54 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Prime Money Market Fund (VMMXX) breaks 1.00 (% not $)
Replies: 234
Views: 43685

Re: Vanguard Prime Money Market Fund (VMMXX) breaks 1.00 (% not $)

PMMF is a pretty solid place for your short-term cash. It seems to be increasing 2-3 bps weekly and is easily accessible. Lack of SGLI is not a problem as it has historically not "broken the buck." **Acronym Correction...SGLI stands for servicemans group life insurance. What I was reaching for was F...
by mickeyd
Wed Jun 27, 2018 3:43 pm
Forum: Investing - Theory, News & General
Topic: Vanguard 500 over Vanguard Total (US) Stock Market
Replies: 45
Views: 5167

Re: Vanguard 500 over Vanguard Total (US) Stock Market

I believe that I once heard Jack Bogle (who developed both funds in question) say that since 80% of the TSM was the same as the S&P500, he used the TSM to represent the US stock market.
by mickeyd
Tue Jun 26, 2018 4:34 pm
Forum: Personal Consumer Issues
Topic: San Antonio and Austin trip
Replies: 23
Views: 1578

Re: San Antonio and Austin trip

When I travel SA-A I always take Hwy 281. Stay away from I-35 as it is often a disaster.
by mickeyd
Mon Jun 25, 2018 11:28 am
Forum: Personal Finance (Not Investing)
Topic: CD Maturity notice
Replies: 13
Views: 1288

Re: CD Maturity notice

Since my maturity date was not until this Thursday (6-28) I called NFCU this AM and asked if transferring the CD$ to my share account (now 5$) and then exchanging it all to my USAA checking act in one shot would be faster/easier. I am advised that that there would be a $12 fee and the max could not ...
by mickeyd
Sat Jun 23, 2018 2:44 pm
Forum: Investing - Theory, News & General
Topic: Why won't Vanguard drop VTI & VOO expense to 0.03?
Replies: 39
Views: 3891

Re: Why won't Vanguard drop VTI & VOO expense to 0.03?

It has been my experience that VG increases or decreases the ER on funds when conditions warrant it to do so. Many other funds can/will support certain funds with fake ER for marketing purposes. They generally announce this in the prospectus.
by mickeyd
Sat Jun 23, 2018 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: CD Maturity notice
Replies: 13
Views: 1288

Re: CD Maturity notice

Mickeyd - Do you have any type of account (savings or checking) with NFCU? If so you could probably put the proceeds in one of those accounts and then electronically send it to USAA. I'm pretty sure that I should have done it that way as I have about $5 in some kind of NFCU account. . Hope I learn ...
by mickeyd
Sat Jun 23, 2018 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: CD Maturity notice
Replies: 13
Views: 1288

CD Maturity notice

When I received my (expected) CD maturity notice recently from NFCU I called them and requested that they send the money to my checking account @ USAA. After giving the rep all of the required banking information to complete the exchange, I was told that it may take a day or so to send the money as ...
by mickeyd
Sat Jun 23, 2018 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: When you cut spending, what do you cut?
Replies: 84
Views: 8788

Re: Retirees: When you cut spending, what do you cut?

Like others here, I was frugal in my youth, as I paid attention during ECON 101. Because of that, I do not have to cut spending during the last half of life, in fact we are spending more.
by mickeyd
Tue Jun 19, 2018 3:14 pm
Forum: Investing - Help with Personal Investments
Topic: Value of a Military Retirement
Replies: 30
Views: 3730

Re: Value of a Military Retirement

KYDOC have you considered the advantages of leaving active duty and joining the army reserves? With all of that AD time, your retirement pay (at age 60) would be pretty stout. Just an idea.
by mickeyd
Sat Jun 16, 2018 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: RMDs based on 1986 life expectancy versus today?
Replies: 23
Views: 2159

Re: RMDs based on 1986 life expectancy versus today?

The RMD is nothing more than a requirement to pay federal taxes. Spend away with what is left over. 8-)
by mickeyd
Sat Jun 09, 2018 3:12 pm
Forum: Investing - Theory, News & General
Topic: VMMXX (Vanguard Prime MM) risks
Replies: 71
Views: 9503

Re: VMMXX (Vanguard Prime MM) risks

When I want to wire funds for a syndicated real estate deal as an equity partner, I can just log onto Ally or call them, and boom!, my funds are wired. Since a MMF is not a bank, I do not believe that it can transfer cash ASAP like a bank can. The PMMF does, however, have a checking account that al...