Search found 172 matches

by HikerNC
Thu Jan 11, 2018 10:19 pm
Forum: Investing - Help with Personal Investments
Topic: 100% VTSAX (Vanguard Total Stock Mkt Idx Adm)??
Replies: 70
Views: 5437

Re: 100% VTSAX (Vanguard Total Stock Mkt Idx Adm)??

Kev, You've now provided additional relevant information. A guaranteed lifetime income that is presumably adjusted for inflation is a valuable asset to say the least. I have no idea what the value of your VTSAX portfolio is but knowing that you'll have a guaranteed stream of income is information th...
by HikerNC
Thu Jan 11, 2018 9:37 pm
Forum: Investing - Help with Personal Investments
Topic: 100% VTSAX (Vanguard Total Stock Mkt Idx Adm)??
Replies: 70
Views: 5437

Re: 100% VTSAX (Vanguard Total Stock Mkt Idx Adm)??

If your portfolio is 100% stocks and you're over 50 years old, I suggest you watch this PBS Frontline special from 2013:

https://www.youtube.com/watch?v=A3htnbwFgoM
by HikerNC
Sun Nov 26, 2017 11:38 am
Forum: Personal Finance (Not Investing)
Topic: Broker account security compendium thread
Replies: 28
Views: 2088

Re: Broker account security compendium thread

Question:

If a thief steals assets from a retirement account held at a financial institution, who suffers the loss?

a. The financial institution.
b. The customer.

What's the answer?
by HikerNC
Sat Nov 25, 2017 10:32 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2745
Views: 877841

Re: What Book Are You Currently Reading? Part VI

Upon hearing Michael Lewis (author of Moneyballll, The Big Short, etc.) list it as one of his favorite three books of all time, I read A Confederacy of Dunces," by John Kennedy Toole. And yes, it's hilarious. ROFL funny at times. The forward by Walker Percy explains so much.
by HikerNC
Tue Jul 04, 2017 4:54 pm
Forum: Personal Consumer Issues
Topic: John Deere series 100 lawn tractors
Replies: 28
Views: 2753

Re: John Deere series 100 lawn tractors

I agree that mowers built before 2000 are better than today's. I bought a used 1998 self-propelled walk-behind MTD with a 6 1/2 HP B&S engine three years ago (for $85 at a yard sale) and it's the best mower I've ever owned! It's a shame we can't buy new mowers with that quality. I believe that it he...
by HikerNC
Sun Jul 02, 2017 8:55 pm
Forum: Investing - Help with Personal Investments
Topic: Am I nuts? Buy dividend paying stocks to pay down LOC?
Replies: 13
Views: 1552

Re: Am I nuts? Buy dividend paying stocks to pay down LOC?

Pay off the LOC.

Interest obligations are certain.

Dividends at the levels you mentioned are suspect. The market is telling you that it doubts the continuation of such dividends; otherwise, the prices of the stocks would be higher.
by HikerNC
Sun May 21, 2017 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Should I sell my business?
Replies: 41
Views: 4119

Re: Should I sell my business?

From what you report about your financial position, I take it that you haven't been earning this kind of income for many years. For instance, you don't have commensurate assets and you even owe $22k on a minivan note. Before you decide to sell your business and relocate, I would recommend sitting do...
by HikerNC
Sun May 14, 2017 3:29 pm
Forum: Investing - Theory, News & General
Topic: Anyone catching the CNBC movie Madoff: from Millions to Billions???
Replies: 15
Views: 4993

Re: Anyone catching the CNBC movie Madoff: from Millions to Billions???

This appears to be a re-broadcast of the same two-night series (with Richard Dreyfuss) that aired on ABC network in 2016. The best thing about it was the focus on the whistle blower (Harry Markopolos) who attempted to tip off the FBI but to no avail. Neither the FBI nor the SEC came off as qualified...
by HikerNC
Mon May 08, 2017 12:11 pm
Forum: Local Chapters and Bogleheads Community
Topic: HAPPY BIRTHDAY MR. BOGLE: Let's Get The Party Started One Day Early
Replies: 68
Views: 4939

Re: HAPPY BIRTHDAY MR. BOGLE: Let's Get The Party Started One Day Early

Happy Birthday, Jack!

When anybody asks about the meaning of the Golden Rule, you will always be "Exhibit 1."

Thank you for making such a difference for investors everywhere.
by HikerNC
Sun Apr 02, 2017 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: FreedomPop Mobile Phone & Internet Service
Replies: 6
Views: 770

FreedomPop Mobile Phone & Internet Service

Does anyone have any experience or knowledge about FreedomPop Mobile Phone & Internet Service? Last week, I invested $1 to get a LTE SIM Kit (3-in-1 Voice/Data Bundle) as well as an 8 GB microSD card and free trial of FreedomPop Premium service. They claim that customers have the option to downgrade...
by HikerNC
Sat Mar 18, 2017 10:22 am
Forum: Investing - Theory, News & General
Topic: Bogle Interview CNN - Sat.
Replies: 71
Views: 6412

Bogle Interview on CNN Today - Link

[Merged HikerNC's thread and its replies into this existing thread - moderator prudent] I hope this doesn't break any rules but I'm posting a link to an excellent interview with Jack Bogle that aired on CNN this morning. http://www.cnn.com/videos/tv/2017/03/18/bogle-100-economics-0-emotions.cnn Hop...
by HikerNC
Tue Feb 28, 2017 10:58 pm
Forum: Investing - Theory, News & General
Topic: Fidelity drops equity trade fee to $4.95
Replies: 69
Views: 7321

Re: Fidelity drops equity trade fee to $4.95

I'd like to see Fidelity BrokerageLink drop its fees on non-NTF open-end mutual funds, now at $49.95 in my retirement plan that doesn't allow trading ETFs or stocks. Why the huge disparity?
by HikerNC
Sun Feb 26, 2017 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Why is only 92.8% of VTI 2016 dividends qualified for favorable tax treatment?
Replies: 3
Views: 714

Why is only 92.8% of VTI 2016 dividends qualified for favorable tax treatment?

For 2014 and 2015, 100% of Vanguard's Total Stock Market (either in Admiral shares or VTI) were classified as Qualified (resulting in favorable income tax treatment compared to nonqualified dividends) on Vanguard's 1099-Div. However in their 2016 1099-Div, only approx. 92.8% were qualified (again in...
by HikerNC
Sun Feb 26, 2017 12:37 pm
Forum: Investing - Help with Personal Investments
Topic: Donating Vanguard Admiral shares to Fidelity Charitable
Replies: 11
Views: 1295

Re: Donating Vanguard Admiral shares to Fidelity Charitable

No, don't call Vanguard. And you can accomplish your goals online yourself: First, transfer your security from your Vanguard account into your Fidelity brokerage account; you can do this yourself online at Fidelity. Second, after the transfer has happened, donate the security from your Fidelity brok...
by HikerNC
Thu Feb 23, 2017 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 396
Views: 78460

Re: Bank of America/Merrill Edge - Preferred Rewards

Thinking ahead, what is the fee to close or transfer either a Roth IRA or a non-retirement Bank of America Merrill Edge account down the road?

Do they offer free safe deposit boxes?
by HikerNC
Tue Jan 31, 2017 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Donor Advised Fund options
Replies: 23
Views: 1884

Re: Doner Advised Fund options

I too like Fidelity's lower minimums. And Fidelity makes it extremely easy for the customer to transfer securities from a Fidelity brokerage account to the Fidelity DAF. And Fidelity has repeatedly demonstrated a depth of support in DAFs. IMO, Fidelity has won this niche - game, set, match. Until Va...
by HikerNC
Mon Jan 30, 2017 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Health Reimbursement Arrangements again allowed for Small Businesses
Replies: 1
Views: 532

Health Reimbursement Arrangements again allowed for Small Businesses

The Wall Street Journal has published an article about how small businesses (defined as those with fewer than 50 employees) can once again establish deductible Health Reimbursement Arrangements: http://www.wsj.com/articles/tax-report-some-rare-good-news-for-small-businesses-paying-employee-health-co...
by HikerNC
Sun Dec 18, 2016 8:49 pm
Forum: Investing - Theory, News & General
Topic: Stable Value Funds in Portfolio
Replies: 45
Views: 6875

Re: Stable Value Funds in Portfolio

Regarding risk of stable value funds - especially from TIAA:

I know of medical school professors who have 2 or 3 million bucks in TIAA Traditional. Even former Fed Chair Benecke said that the TIAA Traditional was his largest retirement asset.

Must be a "sleep-well" investment!
by HikerNC
Sun Dec 18, 2016 1:33 pm
Forum: Investing - Theory, News & General
Topic: Stable Value Funds in Portfolio
Replies: 45
Views: 6875

Re: Stable Value Funds in Portfolio

Risk associated with stable value fund?? I seldom hear any discussion of the risks of stable value fund, namely the ability of the issue to pay. There's no FDIC coverage or even implicit promise by any government agency to protect investors in stable value funds. I would do a lot of due diligence on...
by HikerNC
Wed Dec 14, 2016 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity free Turbotax
Replies: 249
Views: 34979

Re: Fidelity free Turbotax

The offer was shown on my Fidelity account home page yesterday but I didn't have time to download it yesterday. Today, however, the offer now longer appears. I suppose it will show up again in January 2017.
by HikerNC
Mon Dec 12, 2016 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Quitting Job to Start a Business
Replies: 51
Views: 5110

Re: Quitting Job to Start a Business

Drew, Thanks for the followup. And congrats on the success of your "new," new business idea. You're in the ideal situation where you have dependable income from your government job as well as a separate income stream that, while not as dependable, can possibly grow. But again, as I said earlier, don...
by HikerNC
Mon Dec 05, 2016 4:50 pm
Forum: Personal Consumer Issues
Topic: Best printers for home use
Replies: 67
Views: 7080

Re: Best printers for home use

After resisting leaving HP Laserjet4, I finally bought a Brother monochrome All-in-one about a year ago. My only regret is that I didn't buy the Brother sooner. If you make lots of copies, be sure to get one that uses the TN-660 black-and-white ink cartridge ("Yields up to 2,600 pages") and I've als...
by HikerNC
Mon Nov 14, 2016 8:11 am
Forum: Investing - Help with Personal Investments
Topic: Will Stable Value Interest Keep up with Inflation
Replies: 3
Views: 872

Re: Will Stable Value Interest Keep up with Inflation

Anqiqueman, You are fortunate to have access to a stable value fund. In my opinion, while SV funds can be a key component to a portfolio, ones "overall asset allocation" (including both retirement and non-retirement assets) should contain at least 20% in diversified equities. But risk aversion is pe...
by HikerNC
Mon Oct 31, 2016 10:20 am
Forum: Investing - Theory, News & General
Topic: Required Minimum Distributions for 2016
Replies: 6
Views: 963

Re: Required Minimum Distributions for 2016

I like to keep at least the current year's RMD in a money market fund as this money really isn't "investment-worthy" unless it's in something like the TIAA guaranteed account or other stable value account.
by HikerNC
Sat Oct 29, 2016 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Quitting Job to Start a Business
Replies: 51
Views: 5110

Re: Quitting Job to Start a Business

I agree with most of the suggestions you've received already. But I would add a suggestion that you evaluate how much longer you might need to stay with your government employment to qualify for vested retirement benefits. For example, if by hanging on just one more year you would create a vested, p...
by HikerNC
Fri Oct 28, 2016 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Part B Premium "Hold Harmless Provision" for 2017
Replies: 3
Views: 1231

Re: Medicare Part B Premium "Hold Harmless Provision" for 2017

I am not new to Medicare. I am currently subject to IRMAA.
by HikerNC
Fri Oct 28, 2016 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Medicare Part B Premium "Hold Harmless Provision" for 2017
Replies: 3
Views: 1231

Medicare Part B Premium "Hold Harmless Provision" for 2017

From http://www.medicareinteractive.org : Each year, the Centers for Medicare & Medicaid Services (CMS) sets the following year’s Part B premium. In 2016 the Part B base premium will be $121.80. this includes a $3 surcharge amount as a result of the budget agreement which reduced the premium increas...
by HikerNC
Fri Oct 21, 2016 9:10 pm
Forum: Personal Consumer Issues
Topic: Replacement Windshield Wiper Blades
Replies: 38
Views: 3858

Re: Replacement Windshield Wiper Blades

I've never replaced the windshield wipers on my 2004 Subaru that I bought new. I'm convinced that the original equipment outlasts replacements but I've been surprised how long mine have lasted. Disclosure: My car is garaged most of the time. My car is over 12 years old and has approx 90,000 miles. I...
by HikerNC
Tue Sep 20, 2016 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: "Women and Investing" class offered by Employer
Replies: 84
Views: 7641

Re: "Women and Investing" class offered by Employer

Consuela Mack often features discussions of issues particularly of interest to women in her weekly PBS show Wealthtrack:

http://wealthtrack.com/women/
by HikerNC
Fri Sep 09, 2016 6:22 pm
Forum: Investing - Theory, News & General
Topic: ["Wells Fargo Fined for Years of Harm to Customers"]
Replies: 129
Views: 11571

Re: ["Wells Fargo Fined for Years of Harm to Customers"]

Wells Fargo has long prided itself in its ability to cross sell additional services to its banking customers. One could say they wrote the book. They incentivized employees to cross sell. And if you reward employees for opening additional accounts for existing customers without proper controls, you'...
by HikerNC
Mon Sep 05, 2016 12:48 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity vs TIAA-CREF for new retirement account
Replies: 23
Views: 5575

Re: Fidelity vs TIAA-CREF for new retirement account

You have two excellent vendor options. I was surprised that you did not list the TIAA Traditional R.A. (Guaranteed) account among the TIAA investment choices. Without it, your decision is pretty much a jump ball, but if the guaranteed account (with the 3% floor) is available in the TIAA vendor offer...
by HikerNC
Sun Aug 21, 2016 7:16 pm
Forum: Personal Consumer Issues
Topic: Free US Open Tennis This Week
Replies: 5
Views: 744

Re: Free US Open Tennis This Week

You'll see better tennis week at the Winston-Salem Open.

http://www.winstonsalemopen.com/

And the weather in Winston-Salem should be spectacular this week. Easy to fly into PTI and hotels are reasonable. Come watch John Isner, America's #1 rated Men's Tennis star.
by HikerNC
Fri Aug 19, 2016 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Personal umbrella liability insurance and Erisa accounts
Replies: 1
Views: 322

Personal umbrella liability insurance and Erisa accounts

I've always thought that the starting point for determining how much personal umbrella liability insurance to have is calculating the value of all of my assets. But I've been hearing that ERISA accounts (such as IRAs, 401k or 403b plans) are protected from creditors anyway so I'm not wondering if I ...
by HikerNC
Fri Aug 12, 2016 8:58 pm
Forum: Investing - Theory, News & General
Topic: Charles Ellis on Wealthtrack.com tonight. Link provided.
Replies: 14
Views: 2165

Charles Ellis on Wealthtrack.com tonight. Link provided.

I just watched Charles Ellis on Wealthtrack.com:

Here's a link:

http://wealthtrack.com/ellis-index-revolution/

Another great appearance.
by HikerNC
Fri Aug 12, 2016 9:59 am
Forum: Investing - Help with Personal Investments
Topic: Is there any reason to wait [to do a 2016 Roth conversion]
Replies: 21
Views: 2354

Re: Is there any reason to wait

As usual, there are many factors to consider before answering this: 1. What is the dollar amount of your planned rollover? 2. How old are you? 3. What is your marginal tax bracket including federal and state? 4. What would your tax rate be on this rollover? 5. What will your marginal tax bracket be ...
by HikerNC
Fri Aug 12, 2016 9:41 am
Forum: Personal Consumer Issues
Topic: How do you wire money?
Replies: 31
Views: 2783

Re: How do you wire money?

My credit union allows me to send up to two wire transfers each month FREE. So if you're a credit union member, check on this. Most banks do charge for this service, either to send or to receive.
by HikerNC
Mon Aug 08, 2016 8:44 pm
Forum: Investing - Help with Personal Investments
Topic: Newly retired Police Sergeant 457(b) plan
Replies: 25
Views: 3673

Re: Newly retired Police Sergeant 457(b) plan

Regarding state taxes on distributions from your 457b plan: I went back to New Jersey's Web site (link provided above) and copied the part that I believe pertains to your situation: If you were a New Jersey taxpayer while participating in the Plan, contributions to the Plan were included in your New...
by HikerNC
Mon Aug 08, 2016 7:54 pm
Forum: Investing - Help with Personal Investments
Topic: Newly retired Police Sergeant 457(b) plan
Replies: 25
Views: 3673

Re: Newly retired Police Sergeant 457(b) plan

Before you roll your State 457b plan over into an IRA, be certain that you won't be giving up certain state income tax benefits: http://www.state.nj.us/treasury/pensions/pdf/factsheets/fact07.pdf Pay special attention to the section "Taxes" and if you're not clear, it may pay to consult either your ...
by HikerNC
Fri Jul 08, 2016 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken
Replies: 33
Views: 2984

Re: Quicken

I'm still using Quicken 2000 that I received free by opening a credit card account 16 years ago. Fortunately, they sent it to me in both floppy disks as well as CDs so I've been able to load it on several computers I've owned since 2000.

It works great for me.
by HikerNC
Sun Jun 26, 2016 8:50 pm
Forum: Investing - Help with Personal Investments
Topic: Andrews Federal Credit Union / share certificates in general
Replies: 10
Views: 1572

Re: Andrews Federal Credit Union / share certificates in general

I would like to transfer $100,0000 to Andrews FCU to invest in their 84 month 3% Share Certificate.
How do I find out more about this CD? I couldn't find a reference to it at their Web site.

Thanks.
by HikerNC
Sun Jun 19, 2016 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: What is Jack Bogle's favorite book?
Replies: 0
Views: 405

What is Jack Bogle's favorite book?

In this week's Vanguard webinar, Jack Bogle was asked to name his favorite book. I'm not sure I remember what book he named. My best guess is "A Team of Rivals" by Doris Kearns Goodwin, but I'm not sure that's right. I also remember that he named "A Random Walk down Wall Street" as a good investment...
by HikerNC
Fri Jun 17, 2016 9:18 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2745
Views: 877841

Re: What Book Are You Currently Reading? Part VI

A Random Walk Down Wall Street, 10th Edition. By the great Burton G. Malkiel. A genius cloaked in humility.
by HikerNC
Wed Jun 15, 2016 9:48 pm
Forum: Investing - Theory, News & General
Topic: 60:40 is dead: Charles Sizemore
Replies: 51
Views: 7649

Re: 60:40 is dead: Charles Sizemore

Sizemore's "advice" should come with a warning label: "Snake Oil"
by HikerNC
Thu May 19, 2016 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Major - Accounting or Finance
Replies: 41
Views: 712

Re: Major - Accounting or Finance

Accounting or Finance? My answer would include the question of where your interests lie. And I'll point you to a great way to help you assess where your interests lie by suggesting that you go to your guidance counselor and take the Kuder Preference test or whatever interest test they offer. The "te...
by HikerNC
Sun May 08, 2016 5:57 pm
Forum: Local Chapters and Bogleheads Community
Topic: HAPPY BIRTHDAY, MR. BOGLE! May 8, 2016
Replies: 52
Views: 4835

Re: HAPPY BIRTHDAY, MR. BOGLE! May 8, 2016

Happy Birthday, Mr. Bogle.

As a youngster growing up in the South, I noticed that the words "Much Obliged" meant a sincere thank you for the heart.

To you, Mr. Bogle, I say, "Much Obliged." Forever.

Sincerely,

Jim in Greensboro
by HikerNC
Fri Apr 22, 2016 7:14 pm
Forum: Investing - Theory, News & General
Topic: James Dale Davidson's prediction of 2016 collapse
Replies: 46
Views: 22172

Re: James Dale Davidson's prediction of 2016 collapse

Dear O.P., The best advice I can give you is to read "The Four Pillars of Investing" by William Bernstein. It's full of timeless wisdom for investing. This book is to the prospective investor what a flu shot is to folks who don't want to get flu. This book will convince you to ignore not only the li...
by HikerNC
Fri Apr 01, 2016 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Freedom Unlimited card 1.5% back + bonus
Replies: 85
Views: 12790

Re: Chase Freedom Unlimited card 1.5% back + bonus

You're right. I clicked on the bottom of the Chase Freedom Unlimited link and found this: https://creditcards.chase.com/a1/freedom/cal2Q2016 But then I realized that I had clicked on "Looking for Chase Freedom?" so the Chase Freedom Unlimited card does not have 5% seasonal categories. That's a diffe...
by HikerNC
Fri Apr 01, 2016 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Freedom Unlimited card 1.5% back + bonus
Replies: 85
Views: 12790

Re: Chase Freedom Unlimited card 1.5% back + bonus

This card also offers 5% reward for a given category each quarter; for instance the 5% reward applies to all grocery store purchases between April 1 and June 30, 2016 as well as to purchases at Sam's Club and BJ's Wholesale. Of course, your credit score will take a hard hit if you apply for the card...
by HikerNC
Thu Mar 24, 2016 10:20 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2745
Views: 877841

Re: What Book Are You Currently Reading? Part VI

John Grisham's Sycamore Row after finishing Grisham's A Time to Kill. Both in Ford County, MS. Excellent.