Search found 960 matches

by Prokofiev
Tue Sep 10, 2019 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: [Frustrated with Vanguard advisory service] Procedures on Death of a Spouse
Replies: 47
Views: 4282

Re: Vanguard Insane (?) Procedures on Death of a Spouse

Again, it appears many here are reacting to bad information and making quick judgements. I went through this process with VG in 2009,2011,2012 and 2016. Each time we were assigned a special representative to guide us through the forms and requirements. Each time we found the VG contact to be very he...
by Prokofiev
Tue Sep 10, 2019 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: [Frustrated with Vanguard advisory service] Procedures on Death of a Spouse
Replies: 47
Views: 4282

Re: Vanguard Insane (?) Procedures on Death of a Spouse

I believe Vanguard has a special group to handle account transfers and estate issues. When my father died, we had a knowledgeable VG transfer agent to help us go thru the process. They will not give tax advice except in the broadest terms, but they were very helpful doing the consolidation and trans...
by Prokofiev
Wed Sep 04, 2019 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4078
Views: 753720

Re: What's Your Credit Card Rewards Strategy?

Last week I was denied the bonus for the AmEx Hilton card w/130k bonus points. I have never had a Hilton card. I am only 3/24 under the Chase rules (doesn't really apply, I know) and have a 815 FICO. I was very surprised. Why? The box said I either had this bonus before ( I haven't) or I have had to...
by Prokofiev
Tue Aug 13, 2019 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: "Negotiating" Salary
Replies: 74
Views: 5505

Re: "Negotiating" Salary

I'm a senior director, although I hire individuals anywhere from 21yr old just finished undergrads to 40yr old PhD scientists, I'm the only individual in my department making $100k+. I don't know what conservative business you are in, but having senior PhD scientists all earning less than $100k is ...
by Prokofiev
Thu Aug 08, 2019 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: Real Life Experience. Credit Card Rewards and Transfer Bonus.
Replies: 58
Views: 2881

Re: Real Life Experience. Credit Card Rewards and Transfer Bonus.

Airline revenue management has gotten much more sophisticated over the last few years. Depending on the airline, booking 11 months out is likely *not* the optimal time to look for first/business class awards. Eg, Cathay Pacific used to reliably release 1-2 first class seats as awards on every fligh...
by Prokofiev
Thu Aug 08, 2019 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Real Life Experience. Credit Card Rewards and Transfer Bonus.
Replies: 58
Views: 2881

Re: Real Life Experience. Credit Card Rewards and Transfer Bonus.

Also, although we haven't needed to do this yet, IF we run out/run short, we can purchase AAdvantage points for about 1 cpp (cent per point). Given that we use them for premium international air travel, we get several times that much in ticket value. (And yes, we WOULD travel in J - business - clas...
by Prokofiev
Thu Aug 08, 2019 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Real Life Experience. Credit Card Rewards and Transfer Bonus.
Replies: 58
Views: 2881

Re: Real Life Experience. Credit Card Rewards and Transfer Bonus.

Also, although we haven't needed to do this yet, IF we run out/run short, we can purchase AAdvantage points for about 1 cpp (cent per point). Given that we use them for premium international air travel, we get several times that much in ticket value. (And yes, we WOULD travel in J - business - clas...
by Prokofiev
Fri Jul 05, 2019 10:13 am
Forum: Personal Consumer Issues
Topic: Theodore Roosevelt National Park or Badlands NP -- good for hiking in August?
Replies: 24
Views: 1424

Re: Theodore Roosevelt National Park or Badlands NP -- good for hiking in August?

No, it is just the opposite. It is an erosional landscape and the road is a rim road. So most any hike will be down into a valley. Many turn-outs are over-looks with no real hike involved. There is a fossil trail and one other near the Visitor Center. Badlands does not have mountains. It is an erosi...
by Prokofiev
Thu Jul 04, 2019 9:39 pm
Forum: Personal Consumer Issues
Topic: Anyone have any experience with AHI tour company for travel to Egypt or any other destination?
Replies: 4
Views: 477

Re: Anyone have any experience with AHI tour company for travel to Egypt or any other destination?

We were in Cairo and Luxor in February. I did not use any tour company and everything was fine. The "Egyptologist" is a very common designation in Egypt. There are 1000's of them and can be hired for almost nothing. A 3hr private tour of Luxor east bank was $45 for 3 of us and a car + driver was inc...
by Prokofiev
Thu Jul 04, 2019 5:43 pm
Forum: Personal Consumer Issues
Topic: Theodore Roosevelt National Park or Badlands NP -- good for hiking in August?
Replies: 24
Views: 1424

Re: Theodore Roosevelt National Park -- good for hiking in August?

I like caves. I have visited Wind Cave NP and Jewel Cave NM. Quite close to each other, but very different cave environments. I would visit both, especially if you have 5+ days there. But if you don't like caves . . . The Black Hills are at 4,000-7,000+ feet in elevation so it is cooler than TR Natl...
by Prokofiev
Thu Jul 04, 2019 5:15 pm
Forum: Personal Consumer Issues
Topic: Theodore Roosevelt National Park or Badlands NP -- good for hiking in August?
Replies: 24
Views: 1424

Re: Theodore Roosevelt National Park -- good for hiking in August?

I have been there several times and it can be very hot and sunny in August. But I enjoyed it. However, if you have never been to South Dakota, Badlands NP, Mt Rushmore, Wind Cave, Custer State park, etc. I would definitely go there first. More to do and see plus a little cooler up in the Black Hills...
by Prokofiev
Sun Jun 30, 2019 7:59 am
Forum: Personal Finance (Not Investing)
Topic: IRS Quarterly Payments From Vanguard Money Market?
Replies: 11
Views: 1077

Re: IRS Quarterly Payments From Vanguard Money Market?

For several years now, I have been paying all my state and federal estimated tax via credit card. Easy to do and worthwhile. Which credit card and which payer make it worthwhile for you? Various payment sites have different rates with specials, but lately I have used PAY1040 dotcom with a 1.89% fee...
by Prokofiev
Sun Jun 30, 2019 7:31 am
Forum: Personal Finance (Not Investing)
Topic: IRS Quarterly Payments From Vanguard Money Market?
Replies: 11
Views: 1077

Re: IRS Quarterly Payments From Vanguard Money Market?

For several years now, I have been paying all my state and federal estimated tax via credit card. Easy to do and worthwhile.
by Prokofiev
Sun Apr 28, 2019 9:41 am
Forum: Investing - Theory, News & General
Topic: TIPs vs total return portfolio in retirement
Replies: 27
Views: 2577

Re: TIPs vs total return portfolio in retirement

The article that you linked to was written in 2013, using the bond and TIPS rates from that year. The 5-yr TIPS was at -1.4% per the article. Below is a chart of the 10 yr constant maturity TIPS rate. It was -.6 or -.7% at that time. Even the 30yr was at +.3%. The assumptions that went into the arti...
by Prokofiev
Sun Mar 31, 2019 10:18 am
Forum: Investing - Theory, News & General
Topic: The real impact of inflation on Retired Folks?
Replies: 101
Views: 8335

Re: The real impact of inflation on Retired Folks?

I'm only in my 50's and can remember when a 16 oz bottle of soda pop cost 15 cents (and only 10 cents in small towns). More like $1.50-$2.00 these days. $3.00 at events. $4.00 at airports. $8.00 at stadiums. Back in the early 1970's, I would buy a 2-qt bottle of diet Coke for 99 cents. Sometimes on...
by Prokofiev
Fri Feb 22, 2019 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Do tax accountants add any value?
Replies: 50
Views: 3633

Re: Do tax accountants add any value?

This may sound like hyperbole . . . but EVERY single year where a tax consultant / CPA was involved I have found errors. No exceptions. This is not for my returns or my girlfriends - I do all those myself. But I became involved with my parents taxes during their final years and every one needed corr...
by Prokofiev
Sat Dec 08, 2018 1:19 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Understanding TIPS
Replies: 36
Views: 3807

Re: Larry Swedroe: Understanding TIPS

kolea wrote:
Fri Dec 07, 2018 12:25 pm
I have become a big proponent of TIPS, the bonds not the funds. I have been building a ladder of 5-year TIPS and this is largely replacing my TBM fund.
That seems to be a very short ladder.
by Prokofiev
Sun Nov 18, 2018 10:44 am
Forum: Investing - Theory, News & General
Topic: Ed Slott & Roth Conversions
Replies: 45
Views: 3866

Re: Ed Slott & Roth Conversions

One thing I always warn about yet seldom see mentioned by the "experts" is ignoring end-of-life medical expenses as a way to spend down a TIRA at 0%. My parents did not have long-term care insurance yet both ended-up in a nursing home. We spent around $400k of deductible medical expenses over their ...
by Prokofiev
Sun Nov 18, 2018 10:17 am
Forum: Personal Investments
Topic: Traditional IRA rollover to 403b witholding amount
Replies: 30
Views: 1088

Re: Traditional IRA rollover to 403b witholding amount

My question would be WHY you want to roll-over from Vanguard to the 403-b? Usually, you will have far less options and higher ERs in the 403b plan. Perhaps yours is different, but I don't see any advantage to this roll-over. Comments?
by Prokofiev
Sat Oct 20, 2018 5:55 pm
Forum: Investing - Theory, News & General
Topic: Thoughts on 5 year TIPS bonds?
Replies: 42
Views: 3897

Re: Thoughts on 5 year TIPS bonds?

According to Larry Swedroe the 5 year Treasury had a historical real return of 2.3% for 1926-2010. What has it been 2010-2018? It might be quite a wait to get real yields above 2.3%, but maybe not. You could always scale into a position over a few weeks or months if you are convinced that real rate...
by Prokofiev
Sat Oct 20, 2018 1:29 pm
Forum: Investing - Theory, News & General
Topic: Thoughts on 5 year TIPS bonds?
Replies: 42
Views: 3897

Re: Thoughts on 5 year TIPS bonds?

Right now, the TIPS yield curve is very flat. Real yields of 1.0 to 1.2% I have bought a large amount of 2yr, 4yr and 5yr TIPS, with yields at 1.1% I've been doing 2-3 year CDs at 3-3.2% in an IRA. I guess I should start looking at short term TIPS also, as I would not be surprised to see more than ...
by Prokofiev
Fri Oct 19, 2018 7:06 pm
Forum: Investing - Theory, News & General
Topic: Thoughts on 5 year TIPS bonds?
Replies: 42
Views: 3897

Re: Thoughts on 5 year TIPS bonds?

Right now, the TIPS yield curve is very flat. Real yields of 1.0 to 1.2% I have bought a large amount of 2yr, 4yr and 5yr TIPS, with yields at 1.1% I sold some of my longer maturities.That works for me. I can/might hold to maturity or sell them to get into the market if stock prices continue to tank...
by Prokofiev
Mon Oct 15, 2018 6:34 pm
Forum: Personal Consumer Issues
Topic: UPDATE: Credit Card Fraud - $30K
Replies: 66
Views: 9003

Re: UPDATE: Credit Card Fraud - $30K

Weren't you concerned/surprised that you did not receive alerts from Citi for the charges *you* made on that card during the 1-week period between email id being changed and the fake charges happening? No. I did not receive alerts for every charge made, on any of my credit cards. Only for change of...
by Prokofiev
Mon Oct 15, 2018 12:13 pm
Forum: Personal Consumer Issues
Topic: UPDATE: Credit Card Fraud - $30K
Replies: 66
Views: 9003

Re: UPDATE: Credit Card Fraud - $30K

I just received an Alert from Credit Karma concerning a data breach of TicketFly.com where my password was compromised (although this breach was some 6 months ago). The time of the breach matches closely with the time of my credit card account being hijacked and I had used this same password for bot...
by Prokofiev
Tue Oct 09, 2018 3:24 pm
Forum: Investing - Theory, News & General
Topic: Allan Roth doesn't like single premium annuities
Replies: 198
Views: 12048

Re: Allan Roth doesn't like single premium annuities

Not a scam, you are getting the higher payouts because of mortality credits. In other words, as an annuity owner, you get a higher payout because of those who die early. Hopefully, if you purchase one, you don't want to be one of those chumps who dies early. But this is a trade-off and there are tr...
by Prokofiev
Wed Sep 19, 2018 2:22 pm
Forum: Personal Consumer Issues
Topic: Long term stays/vacations
Replies: 11
Views: 1706

Re: Long term stays/vacations

Everyone is different. I thought I would travel for 3-6 months at a time when I retired years ago at age 47. And I have done a tremendous amount of traveling. Just returned from Bulgaria last night. But now all my trips are between 4-6 weeks maximum. That was certainly not the original plan. I find ...
by Prokofiev
Wed Sep 19, 2018 11:53 am
Forum: Personal Consumer Issues
Topic: UPDATE: Credit Card Fraud - $30K
Replies: 66
Views: 9003

Re: UPDATE: Credit Card Fraud - $30K

This is an update on my credit card fraud investigation. About 60 days after reporting the fraud to Citibank, they have credited my account with the 3- $10k charges for a total of $30k. My credit score is back above 800 and all is well. I was not expecting to hear anything back from them about this,...
by Prokofiev
Sat Sep 08, 2018 1:54 am
Forum: Personal Consumer Issues
Topic: What will you do when you find you have more money than expected?
Replies: 91
Views: 10321

Re: What will you do when you find you have more money than expected?

What I have done being in this position myself, is reduce risk in my portfolio. I no longer need to get 3-6% real from my investments and I have learned to value the stability of an inflation indexed, guaranteed income over a higher-risk, volatile stock heavy portfolio. As such, I am investing a muc...
by Prokofiev
Thu Aug 23, 2018 2:29 pm
Forum: Personal Consumer Issues
Topic: Test your cognitive biases
Replies: 89
Views: 5809

Re: Test your cognitive biases

Apparently, each test taker sees different questions, since I do not recognize any of the above mentioned questions. Toothpaste?

Mine concerned poison mushrooms, expensive cars, STD's, private drones and terrorism.
by Prokofiev
Thu Aug 23, 2018 3:42 am
Forum: Personal Consumer Issues
Topic: Test your cognitive biases
Replies: 89
Views: 5809

Re: Test your cognitive biases

Which is a greater threat to society.

Terrorist attacks or private drones?
by Prokofiev
Mon Aug 20, 2018 8:52 am
Forum: Personal Consumer Issues
Topic: UPDATE: Credit Card Fraud - $30K
Replies: 66
Views: 9003

Re: Credit Card Fraud - $30K

OP, Credit Karma's credit score isn't a real FICO score, it is Vantage 3.0, which virtually no one actually uses. I am sure your FICO score decreased as well, but not over 100 points. Best of luck getting this resolved. Yes, I thought over 100 points seemed very high. But this morning I received an...
by Prokofiev
Sat Aug 18, 2018 9:27 pm
Forum: Personal Consumer Issues
Topic: UPDATE: Credit Card Fraud - $30K
Replies: 66
Views: 9003

Re: Credit Card Fraud - $30K

How was that possible? This account was compromised from the web , not from using the card number or physical card. ...Someone needed my ID and Password to get into the system, ... How do you know this? Did they tell you this? I would be surprised if they shared this with you. I think it is more li...
by Prokofiev
Sat Aug 18, 2018 1:22 pm
Forum: Personal Consumer Issues
Topic: UPDATE: Credit Card Fraud - $30K
Replies: 66
Views: 9003

Re: Credit Card Fraud - $30K

due to the large value of the fraud, it is being handled by a special Citi fraud group. All of my financial institutions (except treasury direct) offer fraud protection for online fraud. I am required (in the fine print of the fraud protection) to let them investigate my computer to see if it is/wa...
by Prokofiev
Sat Aug 18, 2018 12:36 pm
Forum: Personal Consumer Issues
Topic: UPDATE: Credit Card Fraud - $30K
Replies: 66
Views: 9003

Re: Credit Card Fraud - $30K

Maybe the hacker has access to your email as well. The credit card notification setting could have been changed to a paperless option, such as email only. When that notification was sent to your inbox, it may have been quickly deleted. Then, after changing your email address, all subsequent changes...
by Prokofiev
Sat Aug 18, 2018 12:33 pm
Forum: Personal Consumer Issues
Topic: UPDATE: Credit Card Fraud - $30K
Replies: 66
Views: 9003

Re: Credit Card Fraud - $30K

Surprise to me you monitor your credit score more frequently than your account. Don’t you check all your accounts monthly? Seems main impact to credit would come after non-payment and may result in contacting credit company later than their requirements for fraud alert. I monitor almost all my cred...
by Prokofiev
Sat Aug 18, 2018 10:13 am
Forum: Personal Consumer Issues
Topic: UPDATE: Credit Card Fraud - $30K
Replies: 66
Views: 9003

UPDATE: Credit Card Fraud - $30K

I checked my credit using Credit Karma several weeks ago and found that my FICO score had dropped from 809 to 698. What happened? It showed that one of my credit cards that I seldom use was maxed-out at $30,000. I tried to log-in to the account, but it didn't recognize my password. Or my secret ques...
by Prokofiev
Sat Aug 11, 2018 3:00 pm
Forum: Personal Investments
Topic: Roth conversion advice for senior
Replies: 7
Views: 719

Re: Roth conversion advice for senior

While it may be a reasonable idea to Roth convert (over several years, depending on the size of the IRA), I would not convert 100% at 32% I was faced with the same dilema years ago with my parents money. It appeared that they would be in the 25% bracket forever. But that changed when they reached ag...
by Prokofiev
Wed Aug 08, 2018 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Employer will not indemnify me cause I am retired
Replies: 56
Views: 5830

Re: Employer will not indemnify me cause I am retired

"This is what I do in retirement. I love it! I wrote two books and I give both of them away. I have NO ads on my blog as I have plenty of money" In that case, you have answered your own question! This is what you love, you have plenty of money and you are not trying to profit or set-up a consulting ...
by Prokofiev
Wed Aug 08, 2018 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Employer will not indemnify me cause I am retired
Replies: 56
Views: 5830

Re: Employer will not indemnify me cause I am retired

My first question would be "Why are you doing this?" You are retired and I would look to move-on and do what I truly enjoy in life. Now if this IS what you truly enjoy and need to keep connected to old friends and co-workers, find happiness and direction in being involved, or just love the donuts, I...
by Prokofiev
Sun Mar 18, 2018 2:13 pm
Forum: Personal Investments
Topic: REITS and Swedroe
Replies: 71
Views: 9394

Re: REITS and Swedroe

"So pretty much you are saying that advice once given should never change. I just don't get it. " Well, when you write a book called "The ONLY Guide to Investment Strategy you will EVER Need" and you then need a different guide only several years later, it seems to redefine the words ONLY and EVER, ...
by Prokofiev
Tue Jan 09, 2018 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: home inspection on house I already live in?
Replies: 23
Views: 2543

Worth it for us

We had our new (1916) home inspected after our offer was accepted by the seller here in New Orleans. Best $295 we ever spent. 2 men spent 3 hours documenting with digital photos 95 problems with the property. Most were rather minor, but at least 12 or more were significant and some of those we would...
by Prokofiev
Sun Oct 08, 2017 6:35 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's long-term outlook for TIPS
Replies: 92
Views: 9927

Re: Vanguard's long-term outlook for TIPS

At 1% real or less, TIPS are a terrible way to GET rich. But an excellent way to STAY rich. If I was a young investor today, I would not think of owning TIPS in my portfolio. I would be 90% equities. But having taken advantage of the bull market of 1981-2000 (I averaged 15% real), I can easily get b...
by Prokofiev
Sun Oct 08, 2017 6:19 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's long-term outlook for TIPS
Replies: 92
Views: 9927

Re: Vanguard's long-term outlook for TIPS

Those "stodgy" old I Bonds with REAL rates of 3.0, 3.3, 3.4 and 3.6% are looking mighty good compared to TIPS right now. Because I backed up the truck over the years (and recommended that others do the same), they provide all the inflation protection I need, so I no longer have any reason to own TI...
by Prokofiev
Thu Feb 02, 2017 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard TIPS pricing incorrect
Replies: 8
Views: 1075

Re: Vanguard TIPS pricing incorrect

I know VG is a low cost player, but the value of my account and trading at correct prices is about as basic as it gets. Is Vanguard trading at incorrect prices? Being able to buy at 3-20% below the true price sounds like an opportunity. Yes, I asked them that! Instead of selling my TIPS cheap, can ...
by Prokofiev
Thu Feb 02, 2017 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard TIPS pricing incorrect
Replies: 8
Views: 1075

Re: Vanguard TIPS pricing incorrect

I was under the impression that Vanguard uses Tradeweb's platform for all of their online bond trading. Isn't this Tradeweb's glitch? And wouldn't some other brokers also be impacted? I'm going to bet "No" on that one. Because no bank or brokerage would ever allow incorrect pricing for days, weeks ...
by Prokofiev
Thu Feb 02, 2017 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard TIPS pricing incorrect
Replies: 8
Views: 1075

Vanguard TIPS pricing incorrect

A heads-up for those of you with individual TIPS bonds at VG. I just got off the phone with the VG bond desk. TIPS prices have been wrong for the past 3 days and you must do all buy/sell by calling the bond desk. It seems as if the inflation factor is being dropped again, which results in showing TI...
by Prokofiev
Thu Jan 19, 2017 10:24 am
Forum: Personal Investments
Topic: Building a TIPs Ladder
Replies: 14
Views: 3353

Re: Building a TIPs Ladder

"Interesting, thanks for all the replies. I am concerned that I may be at a price disadvantage in the secondary market (reason why I prefer new issues), but, do you think the stronger inflation protection by building the ladder all at once using secondary market more than offsets that concern?" Yes,...
by Prokofiev
Sun Jan 15, 2017 1:27 am
Forum: Investing - Theory, News & General
Topic: Flagship Reps
Replies: 91
Views: 10837

Re: Flafship Reps

I wont miss my Flagship rep. But I will miss the free TurboTax I have received for the past 10(?) years. The only real perk of Flagship.
by Prokofiev
Sat Oct 22, 2016 11:54 am
Forum: Personal Consumer Issues
Topic: Cheapskate for not flying business class?
Replies: 81
Views: 10075

Re: Cheapskate for not flying business class?

We have just returned from Australia on Qantas business class. In May we flew to Istanbul, Turkish Air business class. Both were well worth the investment. International business class is the new First class for most airlines and the service was incredible. Most important was the 180 degree flat sea...
by Prokofiev
Thu Sep 01, 2016 4:52 pm
Forum: Investing - Theory, News & General
Topic: RBD fans, Dan Wiener has news! [Really Bad Day]
Replies: 40
Views: 7009

Re: RBD fans, Dan Wiener has news! [Really Bad Day]

If it's so apparent, why share the new found secret wisdom with everyone in a yahoo article. If it was foolproof, the guy wouldn't need to be writing articles anymore. This seems to be the answer to every claim about how you can invest more effectively. "Obviously, if this guy could reliably get 0....