Search found 4508 matches

by dratkinson
Sun Apr 21, 2019 2:46 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 800
Views: 77607

Re: What frugal thing did you do today?

Worked on spring yard clean-up, and collected a ton of small branches and twigs that came down over the winter. Stacked them on the firewood rack behind the shed, and these will come in handy for fire pit fires without having to buy bundles of wood at the gas station or Home Depot. +1 I was slow to...
by dratkinson
Sat Apr 20, 2019 4:28 pm
Forum: Personal Consumer Issues
Topic: Locast: An Approach to Cord Cutting?
Replies: 8
Views: 1858

Re: Locast: An Approach to Cord Cutting?

You want to cut the cord and watch local over-the-air (OTA) TV? Believe you want a TV antenna. Search tvfool.com and antennaweb.com. If you want to stream local OTA TV to internet-connected devices, believe there are devices that can make that happen. Recall Tivo Roamio can do this. Tivo Roamio requ...
by dratkinson
Thu Apr 18, 2019 12:44 pm
Forum: Investing - Theory, News & General
Topic: In which companies do you own a single share, or token amount, of stock?
Replies: 75
Views: 3956

Re: In which companies do you own a single share, or token amount, of stock?

Owned individual stocks when I thought I knew more about investing than I did. Lost money. Invested in friend's business. Lost money. I've been skinned too many times to care about "skin in the game". Most recently owned a few shares resulting from MET demutualization. The annual dividends were neve...
by dratkinson
Mon Apr 15, 2019 3:27 pm
Forum: Investing - Theory, News & General
Topic: What is your one favorite fixed income for retirement?
Replies: 45
Views: 5310

Re: What is your one favorite fixed income for retirement?

All investments are personal decisions, so suggest reading both recommended bond books to come up to speed on your options. Search Wiki for list of recommended "books". Why read both bond books? Where recommended authors agree, that is the central road to Dublin. Where recommended authors disagree, ...
by dratkinson
Mon Apr 15, 2019 2:53 pm
Forum: Personal Investments
Topic: Fidelity is making it hard for my daughter to fund a Roth
Replies: 55
Views: 5790

Re: Fidelity is making it hard for my daughter to fund a Roth

On the topic of the CU CO-OP shared branch network. Assume any CU that is not your's is a "foreign" CU. ... I've never tried to contribute to an IRA at my CU from a remote CU CO-OP shared branch location, but it can't hurt to ask if it can be done. ... It's been a long time and I'd forgotten what ca...
by dratkinson
Mon Apr 15, 2019 4:30 am
Forum: Personal Investments
Topic: Fidelity is making it hard for my daughter to fund a Roth
Replies: 55
Views: 5790

The CU CO-OP shared branch network.

... The nearest CU branch is the same two-hour-each-way drive that would also get her to the "local" Fidelity office. ... Glad it worked out for you. I didn't know your daughter's CU was 2-hours away. That changes my answer, but only slightly. Try this next time. If her CU is part of the CU CO-OP s...
by dratkinson
Sun Apr 14, 2019 4:35 pm
Forum: Personal Investments
Topic: Roth IRA for child
Replies: 48
Views: 4515

Re: Roth IRA for child

I believe hanging mistletoe is a cultural holiday thing. (I remember going to get mistletoe with my father and then giving it to family for the holidays. He used his .22 squirrel rifle to shoot it out of trees. Knew of mistletoe locations from previous squirrel hunts.) It depends upon individual kid...
by dratkinson
Sun Apr 14, 2019 2:32 pm
Forum: Personal Investments
Topic: Fidelity is making it hard for my daughter to fund a Roth
Replies: 55
Views: 5790

Re: Fidelity is making it hard for my daughter to fund a Roth

So here is what went down after my original post... My daughter made a copy of her driver's license (front side only) and sent it to the address given to her by a Fidelity representative on the phone with a nice letter asking for her account to be freed up. My daughter kept trying to use the now ex...
by dratkinson
Sat Apr 13, 2019 5:27 pm
Forum: Investing - Theory, News & General
Topic: Post your Investment Policy Statement IPS here
Replies: 62
Views: 64486

Re: Post your Investment Policy Statement IPS here

Do I follow my IPS? Yes, but.... My IPS has been in "draft" for >10 years. It gets modified as I learn more. Or when I correct an investing mistake in my play money account to remove self-induced tracking errors. "When one discovers they are riding a dead horse, the best policy is to dismount." So t...
by dratkinson
Thu Apr 11, 2019 5:55 pm
Forum: Personal Investments
Topic: Fidelity is making it hard for my daughter to fund a Roth
Replies: 55
Views: 5790

Re: Fidelity is making it hard for my daughter to fund a Roth

Fax. When I need one, I use the free fax machine at my public library. Your daughters 2018 Roth IRA contribution. At this late date, I would not count on Fidelity to resolve its issues in time. Instead I'd open her 2018 Roth at your/her local bank as a 6mo CD... just to get her 2018 contribution on ...
by dratkinson
Thu Apr 11, 2019 3:49 am
Forum: Investing - Theory, News & General
Topic: Which bonds in taxable?
Replies: 19
Views: 2136

Re: Which bonds in taxable?

I'm in the 22-25% fed tax bracket. Been there, done that. Sometimes IT muni (VWITX) was better. Sometimes TBM was better. Which to buy? I solved the problem for myself by buying VWLTX (Vanguard's long-term national muni fund). I don't foresee being forced to sell so don't worry about price fluctuat...
by dratkinson
Wed Apr 10, 2019 6:28 pm
Forum: Investing - Theory, News & General
Topic: Which bonds in taxable?
Replies: 19
Views: 2136

Re: Which bonds in taxable?

I'm in the 22-25% fed tax bracket. Been there, done that. Sometimes IT muni (VWITX) was better. Sometimes TBM was better. Which to buy? I solved the problem for myself by buying VWLTX (Vanguard's long-term national muni fund). I don't foresee being forced to sell so don't worry about price fluctuati...
by dratkinson
Mon Apr 08, 2019 6:11 am
Forum: Personal Investments
Topic: Vanguard Checkwriting Account
Replies: 20
Views: 1793

Re: Vanguard Checkwriting Account

If you need to write normal checks, then you need a normal bank/credit union checking account. Why? Because those can have money pushed into them from an external source (deposit pay,...), and pulled from them from an external source (automatic bill payment plan,...). While you might be able to push...
by dratkinson
Mon Apr 08, 2019 4:46 am
Forum: Personal Finance (Not Investing)
Topic: Feedback Re: Using OLT.com for tax filing?
Replies: 5
Views: 450

Re: Feedback Re: Using OLT.com for tax filing?

Update. Payment for state tax return. Finished my (paper) returns (fed+state) for the year after 2nd draft. Told OLT to "finalize" my return by clicking "file tax returns" (don't remember exact wording) tab. It was then that OLT told me that I had not paid to prepare state tax return. State return w...
by dratkinson
Sat Apr 06, 2019 3:33 pm
Forum: Personal Investments
Topic: Which Tax-Exempt Bond Fund?
Replies: 3
Views: 570

Re: Which Tax-Exempt Bond Fund?

BH Which Tax-Exempt Bond Fund. From memory, your options are. --VWSTX, ST national, daily-accrual, very safe, very stable NAV, very low yield. Boring. Why bother? --VMLTX, Ltd-term national, daily-accrual. --VWITX, IT national, daily-accrual. --VTEAX, IT national index, monthly-accrual (must own und...
by dratkinson
Thu Mar 28, 2019 1:40 am
Forum: Personal Consumer Issues
Topic: 2012 Honda Fit MPG issue
Replies: 49
Views: 3061

Re: 2012 Honda Fit MPG issue

Call Honda of America. --Tell them you are an unhappy GM customer. --Tell them you are thinking about buying a Honda, but will only buy from the dealer with the highest customer service satisfaction rating in your area. --Get the name/address of the top 3 dealers in your area. --Get an appointment t...
by dratkinson
Sun Mar 24, 2019 8:32 pm
Forum: Personal Investments
Topic: Tax Exempt Bonds as a Diversifier?
Replies: 41
Views: 2073

Re: Tax Exempt Bonds as a Diversifier?

BH Tax-exempt bonds as diversifier. New to topic. I don’t see any bonds as being a diversifier, I see them as reducing the risk of stock ownership. In a crash… --Stocks can lose 50-90% of their value. (Lost 40% in 2008.) --Bonds can lose 5-15% of their value. --Stock and bond crashes are not typical...
by dratkinson
Sat Mar 23, 2019 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Close my AT&T Universal Card?
Replies: 43
Views: 2687

Re: Close my AT&T Universal Card?

I am feeling slightly wistful. My first credit card was a MasterCard issued by United Virginia Bank in 1975. For decades I continued to pay the modest annual fee ($15 later $18) to keep it open for sentimental memories and also to maintain the length of my credit history. But for many years I did n...
by dratkinson
Sat Mar 23, 2019 2:07 am
Forum: Personal Finance (Not Investing)
Topic: Close my AT&T Universal Card?
Replies: 43
Views: 2687

Re: Close my AT&T Universal Card?

Discover card didn't start until 1985 or so. I was an early adopter because Sears owned it at the time an pushed them in their stores. One of the first CC bonuses I got was for signing up for that in 1986. What. Me. Wrong. Again. Today. So what else is new? Had to go look. Seems you are correct. So...
by dratkinson
Fri Mar 22, 2019 5:24 pm
Forum: Personal Consumer Issues
Topic: Lawnmower(s)
Replies: 43
Views: 2943

Re: Lawnmower(s)

My current mower is a Snapper Convertible---bag, mulch, broadcast---with a disk transmission and 6hp B&S engine. I bought it used (CL) after talking to small engine shop. It can cost as much as a new mower to replace a gear transmission, but a disk transmission is cheap and simple to fix. If the eng...
by dratkinson
Fri Mar 22, 2019 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Close my AT&T Universal Card?
Replies: 43
Views: 2687

Re: Close my AT&T Universal Card?

I also have an AT&T Universal Card. It was called "Universal" because it combined a credit card (Visa or Mastercard) with an AT&T telephone credit card. So you only needed one card instead of two. There are 30 minutes a month of AT&T long distance included with the card. Now that's old school. 8-) ...
by dratkinson
Sun Mar 17, 2019 9:03 pm
Forum: Personal Investments
Topic: Tax-Exempt Bond Fund options
Replies: 15
Views: 1628

Re: Tax-Exempt Bond Fund options

... If AGI is <500k, then is the amt even an issue with the high yield exempt fund? Yes, there are some income ranges less than $500K, where we were told to avoid AMT issues. In above linked forum topic, an external link contained a graphic of an "AMT bump" income range, where our taxes will increa...
by dratkinson
Sun Mar 17, 2019 6:01 pm
Forum: Personal Investments
Topic: Which bond fund to use in taxable?
Replies: 23
Views: 2094

Re: Which bond fund to use in taxable?

... I believe Thau recommend "maturities" not duration of <=10years. VWLTX (long-term) has an average maturity of 16 years. So, if following her recommendation wouldn't VWITX (I.T.) with an average maturity of 8.3 years be the choice? It's been a while since I read Thau... and thought she said "dur...
by dratkinson
Sun Mar 17, 2019 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Is there a free tax program that will print out the numbers?
Replies: 12
Views: 1120

Re: Is there a free tax program that will print out the numbers?

BH Is there a free tax program that will print out the numbers? I used OLT.com, one of the IRS freefile online software options. --It's the least restrictive s/w option for fed/ state/efile, and free if AGI <$66K. Otherwise $7.95. this gives the impression the state filing costs $9.95 to file: https...
by dratkinson
Sun Mar 17, 2019 3:39 pm
Forum: Personal Investments
Topic: Tax-Exempt Bond Fund options
Replies: 15
Views: 1628

Re: Tax-Exempt Bond Fund options

VWITX is the textbook answer. Why? Because it's an intermediate-term (duration) fund, so sits on the sweet spot on the risk/return yield curve. It's also a "daily-accrual" fund so exempt from the IRS 6-month holding period requirement to protect tax-exempt dividends. Meaning you can buy shares toda...
by dratkinson
Sat Mar 16, 2019 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Is there a free tax program that will print out the numbers?
Replies: 12
Views: 1120

Re: Is there a free tax program that will print out the numbers?

I used OLT.com, one of the IRS freefile online software options. --It's the least restrictive s/w option for fed/state/efile, and free if AGI <$66K. Otherwise $7.95. --I don't love doing taxes. --The tax forms changed this year and just easier to see what OLT did, vs figuring it out for myself. But ...
by dratkinson
Sat Mar 16, 2019 8:21 pm
Forum: Personal Investments
Topic: Tax-Exempt Bond Fund options
Replies: 15
Views: 1628

Re: Tax-Exempt Bond Fund options

VWITX is the textbook answer. Why? Because it's an intermediate-term (duration) fund, so sits on the sweet spot on the risk/return yield curve. It's also a "daily-accrual" fund so exempt from the IRS 6-month holding period requirement to protect tax-exempt dividends. Meaning you can buy shares today...
by dratkinson
Sat Mar 16, 2019 7:48 pm
Forum: Personal Investments
Topic: Which bond fund to use in taxable?
Replies: 23
Views: 2094

Re: Which bond fund to use in taxable?

I'm in the 22% fed tax bracket. --Tried CD. Insured, low yield, early withdrawal penalty, didn't like chasing teaser rates. --Tried treasuries. Their safe, low yield eventually bored me to tear. --Tried savings bonds. Tax deferred until redeemed, then state tax exempt. Low state tax benefit is of li...
by dratkinson
Fri Mar 15, 2019 3:30 pm
Forum: Personal Investments
Topic: TaxAct entering consolidated 1099-B
Replies: 10
Views: 936

Re: TaxAct entering consolidated 1099-B

Related question. Is the form 8949 required for covered shares? I ask because my Sch D is populated with the correct totals from the 1099Bs reflecting ST and LT sales, but the ST and LT forms 8949 did not print with my draft tax return. (If it matters, I'm using OLT, not TA this year.) This is one ...
by dratkinson
Thu Mar 14, 2019 6:06 pm
Forum: Personal Investments
Topic: TaxAct entering consolidated 1099-B
Replies: 10
Views: 936

Re: TaxAct entering consolidated 1099-B

Related question. Is the form 8949 required for covered shares? I ask because my Sch D is populated with the correct totals from the 1099Bs reflecting ST and LT sales, but the ST and LT forms 8949 did not print with my draft tax return. (If it matters, I'm using OLT, not TA this year.) This is one o...
by dratkinson
Thu Mar 14, 2019 5:40 pm
Forum: Personal Investments
Topic: Another Edward Jones defector
Replies: 51
Views: 7688

Re: Another Edward Jones defector

I just saw EJ advertisement in my son's daycare. A piggy bank with EJ logo on it and inviting for college fund investments. Someone is going to sucked into it not just paying for their own kids college but also paying for advisor's retirement. I want to put a boglehead logo or a copy of book next t...
by dratkinson
Thu Mar 14, 2019 4:53 pm
Forum: Personal Investments
Topic: Bonds or Stocks in IRA account?
Replies: 8
Views: 620

Re: Bonds or Stocks in IRA account?

Thank you all. I have a reasonable allocation in my total bond and brokerage and accounts. Vanguard personal adviser recommended that I should re-balance my accounts to have more bonds in my IRA account, and also since this money is basically my inheritance to my kids. So my question remains whethe...
by dratkinson
Tue Mar 12, 2019 4:35 pm
Forum: Personal Consumer Issues
Topic: Has any retiree taken classes at 4-year college - for interest - e.g. Spanish
Replies: 108
Views: 5794

Re: Has any retiree taken classes at 4-year college - for interest - e.g. Spanish

Cross link to another ongoing topic. Have you used a 529 plan in retirement?: https://www.bogleheads.org/forum/viewtopic.php?p=4430557#p4430557 Says the Department of Education keeps an updated list of international Eligible Educational Institutions that can be paid for from 529 plan. No link to li...
by dratkinson
Tue Mar 12, 2019 3:01 pm
Forum: Investing - Theory, News & General
Topic: The Bogleheads' Guide to Retirement Planning
Replies: 6
Views: 1333

Re: The Bogleheads' Guide to Retirement Planning

Haven't read it yet, but it's on my list. I have read Quinn's "How to Make Your Money Last". Since her tome tries to answer all questions for all people, logically, most topics did not apply to me, so I skimmed them for general information. But read in depth the topics which did apply to me. I belie...
by dratkinson
Tue Mar 12, 2019 2:37 pm
Forum: Personal Investments
Topic: Bonds or Stocks in IRA account?
Replies: 8
Views: 620

Re: Bonds or Stocks in IRA account?

Since: --$1 in tax-free (Roth) is worth more than $1 in taxable. --$1 in taxable is worth more than $1 in tax-deferred. --Everything withdrawn from tax-deferred is taxed as ordinary income---QDI/LTCG benefit lost. The general advices is: --Put taxable bonds in tax-deferred, since their tax treatment...
by dratkinson
Tue Mar 12, 2019 1:28 pm
Forum: Personal Consumer Issues
Topic: Has any retiree taken classes at 4-year college - for interest - e.g. Spanish
Replies: 108
Views: 5794

Re: Has any retiree taken classes at 4-year college - for interest - e.g. Spanish

Cross link to another ongoing topic. Have you used a 529 plan in retirement?: https://www.bogleheads.org/forum/viewtopic.php?p=4430557#p4430557 Says the Department of Education keeps an updated list of international Eligible Educational Institutions that can be paid for from 529 plan. No link to lis...
by dratkinson
Mon Mar 11, 2019 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: Should I leave my local bank
Replies: 43
Views: 3494

Re: Should I leave my local bank

Try pulling the money from Ally instead of pushing it from your local bank. Ally's daily transfer limits are undoubtedly higher. Thanks, looks like it worked. BF +1. Read all of your bank/CU account agreements. They will tell you the cheapest way to use your account features. Example. My local B&M ...
by dratkinson
Sun Mar 10, 2019 3:41 pm
Forum: Personal Investments
Topic: Have you used a 529 plan in retirement?
Replies: 10
Views: 1238

Re: Have you used a 529 plan in retirement?

Interesting idea.

What happens to a 529 plan if I don't use all of it? Can I will it to an heir?
by dratkinson
Sun Mar 10, 2019 3:36 pm
Forum: Personal Investments
Topic: Tax efficiency in a taxable account
Replies: 20
Views: 2183

Re: Tax efficiency in a taxable account

1. I don't own ETFs so could be mistaken. See correction, below. Thanks. Recall ETFs are bought as whole shares, mutual funds as fractional shares. Meaning if you want to reinvest distributions, then you want to own mutual funds (distributions can be reinvested), not ETFs (distributions can not be r...
by dratkinson
Sat Mar 09, 2019 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: Feedback Re: Using OLT.com for tax filing?
Replies: 5
Views: 450

Lessons learned.

Spent the afternoon with OLT. Lesson learned. This year I need to file a paper fed return. In the process of finishing my draft fed/state returns, I must have clicked a link that said "send to the IRS/state". Don't remember doing it, but.... Long story short. --Once you click "send to the IRS/state"...
by dratkinson
Fri Mar 08, 2019 11:11 am
Forum: Investing - Theory, News & General
Topic: muni bond tax cost
Replies: 6
Views: 1045

Re: muni bond tax cost

I was in the 25% tax bracket. Now 22% tax bracket. Believe forum typically advises NOT to use munis <=25% tax brackets. I don't follow this advice. Why? --I've also researched "credit quality vs default risk" and can tolerate the risk of investment grade bonds, especially in a fund where I'll never ...
by dratkinson
Wed Mar 06, 2019 10:06 am
Forum: Personal Investments
Topic: Lots of cash .. Scared to put it to work now
Replies: 207
Views: 17419

Re: Lots of cash .. Scared to put it to work now

Is $900K cash a lot of money? Relatively: yes, for now. Absolutely: no, for retirement. Why? It is not self-sustaining because it's eroded by inflation. However well intended, I find it hard to take seriously the advice of someone who mentions inflation without at least acknowledging the availabili...
by dratkinson
Tue Mar 05, 2019 1:58 pm
Forum: Personal Investments
Topic: Lots of cash .. Scared to put it to work now
Replies: 207
Views: 17419

Re: Lots of cash .. Scared to put it to work now

At your age, $900k in cash and a paid-off home means you've effectively already won the game. 80/20 is for someone still in the accumulation phase - you could easily go 40/60 and be fine. Heck, you could put the entire sum in a treasuries ladder, and you would be fine. I would not characterize $900...
by dratkinson
Mon Mar 04, 2019 8:40 pm
Forum: Personal Consumer Issues
Topic: Has any retiree taken classes at 4-year college - for interest - e.g. Spanish
Replies: 108
Views: 5794

Re: Has any retiree taken classes at 4-year college - for interest - e.g. Spanish

How about studying a foreign language abroad? See: http://www.google.com/search?q=foreign+language+study+abroad See: http://www.google.com/search?q=four+year+college+study+abroad See: http://www.google.com/search?q=509+plan+study+abroad Idea. --Find a 4-year college with a relationship with a foreig...
by dratkinson
Mon Mar 04, 2019 12:58 pm
Forum: Personal Investments
Topic: Lots of cash .. Scared to put it to work now
Replies: 207
Views: 17419

Re: Lots of cash .. Scared to put it to work now

... ... I’m not sure there is anyone on here however who wasn’t thinking that December could have been the beginning of a bear market and slightly hesitant to add , few will admit tho :) Wrong. We have already made our “bear market” plans. So if one comes, we execute it. You should be praying to bu...
by dratkinson
Sun Mar 03, 2019 11:45 am
Forum: Personal Investments
Topic: Roth IRA for a child
Replies: 46
Views: 2240

Re: Roth IRA for a child

An answer is in Wiki topic: https://www.bogleheads.org/wiki/Accounts_for_kids

Find internal link to sample tax returns. One answer is to treat child's earnings as self-employment income.
by dratkinson
Sun Mar 03, 2019 11:18 am
Forum: Personal Investments
Topic: Lots of cash .. Scared to put it to work now
Replies: 207
Views: 17419

Re: Lots of cash .. Scared to put it to work now

Over the long run, the market always goes up*. Over the long run, the current price is always at a new high. Over the long run, the current price is the cheapest it is ever going to be. * Why? People. More people, every year, needing more goods/services, supplied by businesses, which translates into...
by dratkinson
Sat Mar 02, 2019 8:27 pm
Forum: Personal Consumer Issues
Topic: Thinking of Buying a Watch - Recommendations?
Replies: 74
Views: 4654

Re: Thinking of Buying a Watch - Recommendations?

... I had a watch once that had simulated hands. The problem was it included a seconds hand about the same size and shape as the minutes hand. I had to quit wearing it because I could never tell from a quick glance what the actual time was until I was sure which was the seconds hand and which was t...
by dratkinson
Sat Mar 02, 2019 1:01 pm
Forum: Personal Consumer Issues
Topic: Thinking of Buying a Watch - Recommendations?
Replies: 74
Views: 4654

Re: Thinking of Buying a Watch - Recommendations?

Idea to compute multiple time zones on Hamilton field watch, above. I notice the cities on the outer bezel are listed on 2 layers. I assume this is to get 24hours. So after the watch is set to your current time zone, then cities counter-clockwise from your current time zone are behind your time zone...
by dratkinson
Fri Mar 01, 2019 12:06 pm
Forum: Personal Consumer Issues
Topic: Tired of gas grills rusting out...
Replies: 99
Views: 11174

Re: Tired of gas grills rusting out...

Portable Kitchen makes a cast aluminum charcoal grill.