Search found 103 matches

by Admiral Fun
Tue Aug 11, 2020 7:44 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1569
Views: 206872

Re: Post your Financial Milestone Announcements Here

Hit 2 million for the first time in the middle of the day today but by closing it fell below. Does it count?
by Admiral Fun
Wed Jun 24, 2020 3:32 pm
Forum: Investing - Theory, News & General
Topic: Market timing liquid TIAA Traditional
Replies: 9
Views: 738

Re: Market timing liquid TIAA Traditional

With Vanguard total bond SEC yield at 1.4 and TIAA Trad (fully liqud GSRA version) returning a guaranteed 3% , is there an opportunity for market timing? Specifically, let's say someone put 100% of their bond allocation into the fully liquid version of TIAA CREF Traditional right now (guaranteed mi...
by Admiral Fun
Tue Jun 23, 2020 9:31 am
Forum: Investing - Theory, News & General
Topic: Market timing liquid TIAA Traditional
Replies: 9
Views: 738

Market timing liquid TIAA Traditional

Bogleheads, With Vanguard total bond SEC yield at 1.4 and TIAA Trad (fully liqud GSRA version) returning a guaranteed 3%, is there an opportunity for market timing? Specifically, let's say someone put 100% of their bond allocation into the fully liquid version of TIAA CREF Traditional right now (gua...
by Admiral Fun
Fri Jun 19, 2020 8:33 am
Forum: Personal Investments
Topic: Another 'should I pay off mortage?' thread
Replies: 28
Views: 2343

Re: Another 'should I pay off mortage?' thread

It looks like the fully liquid TIAA Cref Traditional in spouse’s 403b is returning 3%, which exactly offsets the 3% mortgage. It seems like a no-brainer to convert total bond market to (GSRA) TIAA trad and then NOT pay off the mortgage. Is there any reason not to do this? The dollar value of stocks ...
by Admiral Fun
Wed Jun 17, 2020 7:29 pm
Forum: Personal Investments
Topic: Another 'should I pay off mortage?' thread
Replies: 28
Views: 2343

Re: Another 'should I pay off mortage?' thread

And if the stock market falls, you can pay off the mortgage without taking a capital gain. That is what I did. In August 2019, rates were low enough that it would have been worth paying off my mortgage if I could do it without a capital gain on stock sales, but I couldn't. In March 2020, the stock ...
by Admiral Fun
Wed Jun 17, 2020 1:06 pm
Forum: Personal Investments
Topic: Another 'should I pay off mortage?' thread
Replies: 28
Views: 2343

Re: Another 'should I pay off mortage?' thread

Thanks for all the perspectives everyone - this really helped me think it through. As I suspected, there is no clear answer. I'm now leaning toward not paying off the mortgage (a coin toss goes defaults to the lazier decision). That way I keep liquidity, I avoid paying taxes + keep the value of the ...
by Admiral Fun
Wed Jun 17, 2020 10:20 am
Forum: Personal Investments
Topic: Another 'should I pay off mortage?' thread
Replies: 28
Views: 2343

Re: Another 'should I pay off mortage?' thread

On the question of tax-loss harvesting, it really depends on when you sell those assets. If you assume you're going to sell them eventually, then you've put the loss-harvesting to good use now (increasing your basis and reducing taxes when you sell). You're probably right that losing the rolling de...
by Admiral Fun
Wed Jun 17, 2020 10:04 am
Forum: Personal Investments
Topic: Another 'should I pay off mortage?' thread
Replies: 28
Views: 2343

Re: Another 'should I pay off mortage?' thread

KlangFool wrote:
Tue Jun 16, 2020 3:33 pm
OP,

What is your AA before and after paying off the mortgage?

KlangFool
Paying the mortgage will take us from 12% to 6% bonds, and in 7 years will have built bonds back up to current levels. We have a high risk tolerance and pretty much hate bonds.
by Admiral Fun
Tue Jun 16, 2020 3:10 pm
Forum: Personal Investments
Topic: Another 'should I pay off mortage?' thread
Replies: 28
Views: 2343

Re: Another 'should I pay off mortage?' thread

What's the interest rate on the mortgage? Regards, 3% fixed. I edited the original post What percentage of your net worth is the $122K? If it is more than 10% I'd keep investing. If it is less than 10% it won't make much of a difference. What did we do? We paid off our mortgage when it was about 7%...
by Admiral Fun
Tue Jun 16, 2020 2:18 pm
Forum: Personal Investments
Topic: Another 'should I pay off mortage?' thread
Replies: 28
Views: 2343

Another 'should I pay off mortage?' thread

Dear Bogleheads, We have 7 years left on a 15 year mortgage, fixed 3%, with a balance of $122,400. No plans to sell our house. We are considering converting $122,400 bonds-->stocks in 401k, and then selling the same amount of stocks from taxable (selling about 20% of taxable account). Instead of pay...
by Admiral Fun
Wed May 20, 2020 6:36 pm
Forum: Personal Consumer Issues
Topic: Coronavirus Flight Cancel Thread
Replies: 251
Views: 15843

Re: Coronavirus Flight Cancel Thread

Admiral Fun wrote:
Sat Apr 25, 2020 5:30 pm
Norwegian Air flight cancelled

We requested refund a month ago and are still waiting.

I’m not holding my breath.
It took nearly 7 weeks, but the Norwegian Air refund came through. I also got a cash refund for a United flight after a back-and-forth on Facebook messenger.
by Admiral Fun
Tue Apr 28, 2020 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: chase sapphire rewards strategy
Replies: 18
Views: 1559

Re: chase sapphire rewards strategy

Not cashing out. For now, I consider our 500k UR points as part of our emergency fund.

I’ll re visit the decision in January when the Sapphire Reserve renews. At that point I’ll probably either cash out or book some trips, depending on the state of the pandemic.
by Admiral Fun
Sat Apr 25, 2020 5:30 pm
Forum: Personal Consumer Issues
Topic: Coronavirus Flight Cancel Thread
Replies: 251
Views: 15843

Re: Coronavirus Flight Cancel Thread

Norwegian Air flight cancelled

We requested refund a month ago and are still waiting.

I’m not holding my breath.
by Admiral Fun
Fri Apr 24, 2020 1:27 pm
Forum: Personal Investments
Topic: Fixed AA funds way off target
Replies: 2
Views: 292

Fixed AA funds way off target

I noticed that the Vanguard fixed AA 529 options are really out of whack as of 3/31. The "moderate growth portfolio" is supposed to be 50/50 stocks-bonds but at the end of march was 36/64. The "conservative growth portfolio" is supposed to be 25/75, but at the end of march was 17/83. https://investo...
by Admiral Fun
Fri Apr 24, 2020 1:19 pm
Forum: Personal Investments
Topic: 529 AA 2-3 years from college
Replies: 12
Views: 619

Re: 529 AA 2-3 years from college

If the money falls short of covering the full 4 years, we would not pull from other sources. Does this mean she's on the hook for the shortfall? If so you might seek her input in allocation. This is a critical component of the decision tree. If year 4 is all loans, the student can borrow ~$7,500. I...
by Admiral Fun
Fri Apr 24, 2020 12:52 pm
Forum: Personal Investments
Topic: 529 AA 2-3 years from college
Replies: 12
Views: 619

Re: 529 AA 2-3 years from college

Our daughter's 529 has a mix of the "moderate growth portfolio" (supposed to be 50/50 but at the end of march was 36/64) and the "conservative growth portfolio" (supposed to be 25/75, but at the end of march was 17/83) https://investor.vanguard.com/529-plan/profile/performance/4512 How can we get th...
by Admiral Fun
Thu Apr 23, 2020 8:17 pm
Forum: Personal Investments
Topic: 529 AA 2-3 years from college
Replies: 12
Views: 619

Re: 529 AA 2-3 years from college

Hello Bogleheads, Our daughter is 2-3 years from college (possible gap year), and her 529 account is 40% in stocks, 60% in bonds. Due to the generosity of grandparents, the balance is fairly large - enough to cover 3 years at a private college. If the money falls short of covering the full 4 years,...
by Admiral Fun
Thu Apr 23, 2020 4:00 pm
Forum: Personal Investments
Topic: 529 AA 2-3 years from college
Replies: 12
Views: 619

529 AA 2-3 years from college

Hello Bogleheads, Our daughter is 2-3 years from college (possible gap year), and her 529 account is 40% in stocks, 60% in bonds. Due to the generosity of grandparents, the balance is fairly large - enough to cover 3 years at a private college. If the money falls short of covering the full 4 years, ...
by Admiral Fun
Sun Apr 19, 2020 8:50 pm
Forum: Investing - Theory, News & General
Topic: Will all liquid cash account [interest rates] go to zero?
Replies: 4
Views: 1313

Will all liquid cash account [interest rates] go to zero?

My fidelity money market is getting close to zero. Vanguard Prime Money Market is doing a bit better, and it could be worth moving there — but is it too likely to go to near zero before too long? Are all liquid cash accounts heading to zero?

May need some liquidity so CDs are not an option.
by Admiral Fun
Sat Apr 18, 2020 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: Durable power of attorney online forms
Replies: 4
Views: 279

Re: Durable power of attorney online forms

One very real consideration is that many financial institutions do not accept anything other than their home-grown POA forms, including those executed by someone's attorney as part of their estate planning services. <- in other words, not downloaded generic forms. My mother's POA forms have been ac...
by Admiral Fun
Sat Apr 18, 2020 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Durable power of attorney online forms
Replies: 4
Views: 279

Durable power of attorney online forms

My wife and I already have a last will and living will. Now we are looking to set up durable financial and medical power of attorney. Is anyone familiar with powerofattorney.com as a source for generic forms? Or are there other well regarded free or low-cost forms out there? I know that the default ...
by Admiral Fun
Fri Apr 17, 2020 3:28 pm
Forum: Personal Consumer Issues
Topic: Pause cell service without losing number
Replies: 13
Views: 938

Re: Pause cell service without losing number

Ok, thanks all. Good to know that there are options but no simple pause button. Out of laziness I may just keep paying. I'm a verizon phone service user and there IS a pause button. It is called "Suspending Service". Log into your My Verizon account and go to the device in question and you are give...
by Admiral Fun
Fri Apr 17, 2020 12:08 pm
Forum: Personal Consumer Issues
Topic: Pause cell service without losing number
Replies: 13
Views: 938

Re: Pause cell service without losing number

bob60014 wrote:
Fri Apr 17, 2020 8:57 am
You can probably do this online, depending on account type. There may be a minimum fee to keep the line/number available.

https://www.verizonwireless.com/support ... vice-faqs/
I’m on prepay so not sure this applies, but thanks :)
by Admiral Fun
Fri Apr 17, 2020 12:07 pm
Forum: Personal Consumer Issues
Topic: Pause cell service without losing number
Replies: 13
Views: 938

Re: Pause cell service without losing number

Ok, thanks all.

Good to know that there are options but no simple pause button.

Out of laziness I may just keep paying.
by Admiral Fun
Fri Apr 17, 2020 8:22 am
Forum: Personal Consumer Issues
Topic: Pause cell service without losing number
Replies: 13
Views: 938

Pause cell service without losing number

We have been paying for Verizon Prepay while in quarantine. I would like to pause my daughter’s service for the time being without losing her phone number. Any way to do this easily? Not interested in porting the number to google voice or spending too much time on hold with customer support. Thanks!
by Admiral Fun
Mon Apr 13, 2020 8:48 pm
Forum: Personal Consumer Issues
Topic: Wine Clubs... Value? Recommendations?
Replies: 13
Views: 1197

Re: Wine Clubs... Value? Recommendations?

Pennsylvania is now allowing residents to purchase wine via wine clubs. Previously we purchased via state liquor stores or limited amounts from grocery stores. Any advice, recommendations, etc., would be appreciated. I also live in PA. I was able to subscribe to Winc (haven’t received the shipment ...
by Admiral Fun
Fri Apr 10, 2020 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: [Government stimulus payments]
Replies: 360
Views: 29173

Re: just got my $1200 stimulus payment

I paid from my bank account for 2018 taxes and with a credit card for 2019 taxes. Never a refund. Is the IRS likely to transfer to my bank account or mail a check?
by Admiral Fun
Tue Mar 31, 2020 8:11 pm
Forum: Investing - Theory, News & General
Topic: What is your age/AA during this crisis?
Replies: 138
Views: 6660

Re: What is your age/AA during this crisis?

90/10 mid 40s, married... net worth was 2 mil, now about 1.5 mil. I’m probably 15-20 years from retirement so no reason to second guess or change my AA. I sleep pretty well. However, I do wish I had a bigger emergency fund. I’m directing all dividends to cash in order to build this up. I also am con...
by Admiral Fun
Sun Mar 29, 2020 9:46 am
Forum: Personal Investments
Topic: Withdrawing 529 $ without penalty [what counts as a "scholarship"]
Replies: 14
Views: 1977

Kiddie Tax Revisions

In 2019 her unearned income standard deduction will be $1100 if she has no earned income, $350 if her earned income is >= $750 and $0 if it is >= $12,200. The amount of the standard deduction will be tax-free. $2200 minus the above standard deductions will be taxable at the dependent's rate of 10%....
by Admiral Fun
Wed Mar 18, 2020 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Time to cash in Chase UR points?
Replies: 41
Views: 4084

Time to cash in Chase UR points?

I have 500,000 UR points but no way to use them for travel for the foreseeable future.

I usually get 1.5 value for them for travel, so redeeming them for 1 cent doesn’t seem too bad. Y’know, shore up the emergency fund. Plus who knows what will happen to the UR currency going forward.

Foolish?
by Admiral Fun
Mon Jan 06, 2020 9:07 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2266
Views: 387304

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I have a Merrill Edge IRA with a closure fee of around $50. I have all ETFs, no cash. Will Merrill sell a share to collect the fee? If not, how do they collect?

Edit: also curious about how other brokerages handle this situation.
by Admiral Fun
Thu Dec 26, 2019 1:06 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2266
Views: 387304

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I have one joint account and one taxable account.

Typically, can I get two transfer bonuses or just one? Or does this differ between brokerages?
by Admiral Fun
Thu Dec 26, 2019 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Best site for Credit Card recommendation
Replies: 5
Views: 390

Re: Best site for Credit Card recommendation

crablover wrote:
Thu Dec 26, 2019 11:45 am
Can anyone suggest a non biased site that can recommend a credit card based on our spending habits?

I am assuming Consumer Reports but was wondering if anyone found another site helpful?

thanks
Doctor of Credit. No affiliate links.
by Admiral Fun
Tue Dec 24, 2019 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Hosed by fees - how to balance UTMAs?
Replies: 12
Views: 869

Re: Hosed by fees - how to balance UTMAs?

how did UBS take fees due from two different accounts out of just one of them? That sounds just as illegal as the custodian moving money from one to the other. Yes, it sure does sound illegal to charge only one account. Not to mention, we had to pay state taxes on the capital gain when UBS sold my ...
by Admiral Fun
Mon Dec 23, 2019 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: Hosed by fees - how to balance UTMAs?
Replies: 12
Views: 869

Re: Hosed by fees - how to balance UTMAs?

Thanks all. Definitely should have dealt with this years ago. I’ll rectify the imbalance through addition as suggested. Ultimately it is small beans, just annoying.
by Admiral Fun
Mon Dec 23, 2019 8:22 am
Forum: Personal Finance (Not Investing)
Topic: Hosed by fees - how to balance UTMAs?
Replies: 12
Views: 869

Re: Hosed by fees - how to balance UTMAs?

livesoft wrote:
Mon Dec 23, 2019 5:25 am
Sounds illegal to me.
The UBS fees or my solution?
by Admiral Fun
Sun Dec 22, 2019 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Hosed by fees - how to balance UTMAs?
Replies: 12
Views: 869

Hosed by fees - how to balance UTMAs?

About 10 years ago a kindly family friend created UTMA accounts for our two children and gifted them each a few shares of Apple. Five years ago, the UBS (the brokerage firm that held the accounts) suddenly charged one of the kid's accounts hundreds of dollars in fees. They said that each of the two ...
by Admiral Fun
Thu Dec 19, 2019 12:45 pm
Forum: Personal Investments
Topic: May I expedite early retirement?
Replies: 71
Views: 7416

Re: May I expedite early retirement?

Can you take a 1-year unpaid leave to test out the early retirement waters?

Also investigate employer incentives for early retirement. Many colleges and universities have them, but you may be too young to qualify.
by Admiral Fun
Sun Nov 17, 2019 4:45 pm
Forum: Personal Investments
Topic: Withdrawing 529 $ without penalty [what counts as a "scholarship"]
Replies: 14
Views: 1977

Re: Withdrawing 529 $ without penalty [what counts as a "scholarship"]

It is unnecessary to transfer any 529 assets to a 529 in her name. Non-qualified 529 distributions to the beneficiary are taxable to the beneficiary. Keep in mind that such a 529 non-qualified distribution is considered unearned income subject to ordinary income Kiddie Taxes. In 2019 her unearned i...
by Admiral Fun
Sun Nov 17, 2019 10:11 am
Forum: Personal Investments
Topic: Withdrawing 529 $ without penalty [what counts as a "scholarship"]
Replies: 14
Views: 1977

Re: Withdrawing 529 $ without penalty [what counts as a "scholarship"]

Let's say I wanted to fund some college related expenses that are non-qualified (e.g. transportation). Let's further say that our daughter received a scholarship of $2100. I then transferred $2100 of the 529 to her name. She then uses the $2100 for non-qualified expenses, but would not be subject to...
by Admiral Fun
Sat Nov 09, 2019 10:14 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2266
Views: 387304

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

For TDAM, actual transfer needs to be completed by Oct 8th. Not just initiating transfer. Not much time -- it takes a few days for ACATs. Disappointing that the board missed this earlier :( ADDED: *Offer valid for preselected clients who respond to the offer. So not clear they would honor it if you...
by Admiral Fun
Thu Nov 07, 2019 8:15 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2266
Views: 387304

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Any hot tips for the best transfer bonus for a 100K Roth IRA? Schwab looks pretty good at $500 if I can find a referral (not asking for one here). https://www.schwab.com/public/schwab/nn/refer-prospect.html Merrill has one for $375, which is lower than a few weeks ago, but still decent I suppose. Lo...
by Admiral Fun
Mon Oct 28, 2019 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: bipolar/alcoholic/broke/jail time - how to move forward financially?
Replies: 37
Views: 4832

Re: bipolar/alcoholic/broke/jail time - how to move forward financially?

Thanks for your thoughtful responses everyone. Here are a few take home points so far... Mental health and AA should be first. Seek support from local social services departments, psychiatric care, and addiction clinics/groups Do everything possible to keep him in his home. Consult with an attorney ...
by Admiral Fun
Mon Oct 28, 2019 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: bipolar/alcoholic/broke/jail time - how to move forward financially?
Replies: 37
Views: 4832

bipolar/alcoholic/broke/jail time - how to move forward financially?

A cousin of mine has multiple struggles (bipolar/alcoholic/broke/a little jail time) at the age of 50. He held on to a professional career for about 15 years, but was let go and is now unemployable to anyone who runs a background check. He has a house with maybe $50,000 in equity, student loan bills...
by Admiral Fun
Wed Oct 16, 2019 5:59 pm
Forum: Personal Investments
Topic: Withdrawing 529 $ without penalty [what counts as a "scholarship"]
Replies: 14
Views: 1977

Re: Withdrawing 529 $ without penalty [what counts as a "scholarship"]

This seems to say no, but as says no clear determination. Thousands have dealt with this issue, I cannot imagine your school doesn't have some guidance. https://forum.savingforcollege.com/t/529-plan-penalty-free-distributions/11717/5 Talk to your HR people. If your tuition benefit is taxable (mine ...
by Admiral Fun
Wed Oct 16, 2019 11:44 am
Forum: Personal Investments
Topic: Withdrawing 529 $ without penalty [what counts as a "scholarship"]
Replies: 14
Views: 1977

Re: Withdrawing 529 $ without penalty [what counts as a "scholarship"]

Thanks all. Digging a little deeper, it appears that any "tax-free educational assistance" may count toward penalty-free withdraws from 529 plans. According to Fidelity: "Examples include Pell grants, tax-free scholarships and fellowships, tuition discounts, the Veteran's Educational Assistance Prog...
by Admiral Fun
Tue Oct 15, 2019 8:42 pm
Forum: Personal Investments
Topic: Withdrawing 529 $ without penalty [what counts as a "scholarship"]
Replies: 14
Views: 1977

Withdrawing 529 $ without penalty [what counts as a "scholarship"]

Due to the generosity of grandparents our kids have solid balances in their 529 plans. It is possible, however, that they will not need all the money. I now work at a University that provides a tuition benefit for children and has other options for tuition exchange and tuition credits at other insti...
by Admiral Fun
Mon Sep 23, 2019 7:03 am
Forum: Personal Consumer Issues
Topic: How to get a repair estimate for unrepairable items? (Extended warranty claim)
Replies: 21
Views: 1904

Re: How to get a repair estimate for unrepairable items? (Extended warranty claim)

It’s a Citi card. They are dropping the coverage but I submitted the warranty request before the deadline.

I’m only out $170 so not a huge deal. Still, I’m coming to think that most credit card insurance is garbage.
by Admiral Fun
Sun Sep 22, 2019 8:37 pm
Forum: Personal Consumer Issues
Topic: How to get a repair estimate for unrepairable items? (Extended warranty claim)
Replies: 21
Views: 1904

Re: How to get a repair estimate for unrepairable items? (Extended warranty claim)

In my experience they will take just about anything and except it as a repair estimate. In your case an email saying it is unrepairable should suffice and the credit card company will most likely pay out. they specifically asked for “a Repair Estimate by a certified, licensed or approved service pr...