Search found 56 matches

by eonny
Wed Oct 07, 2020 8:22 am
Forum: Personal Investments
Topic: Need money in 10 years
Replies: 4
Views: 458

Need money in 10 years

This is for a friend (really):

Have a ballon payment due in 10 years. Where to put the money for some appreciation and little chance of loss. Assume I won't need to withdraw until the balloon payment is due.


Thanks.
by eonny
Wed Sep 16, 2020 10:37 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card nightmare
Replies: 12
Views: 2152

Re: Credit card nightmare

bloom2708 wrote: Wed Sep 16, 2020 9:53 am Why did you not get a new/updated credit card number for over 2 years of charges?

Merchants do thousands of transactions. Spotting fraudulent charges is difficult. Although 2 years of the same charge seems strange.
I did, shortly after the charges appeared but the recurring orders did not stop.
by eonny
Wed Sep 16, 2020 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Credit card nightmare
Replies: 12
Views: 2152

Credit card nightmare

Two years ago I noticed a merchant charge on my credit card. Called the merchant, no record of an order, called the credit card and the amount was credited. Two years hence, the recurring charges happened every month, same time, roughly same amount, ($200), but without any prompting from me (phone c...
by eonny
Sat Mar 21, 2020 10:55 pm
Forum: Personal Investments
Topic: Nab capital losses
Replies: 3
Views: 237

Nab capital losses

Any advantage or disadvantage in selling to realize a capital loss? Take the money from the sale, wait 30 days, and rebuy? Net effect: Can deduct capital losses.
by eonny
Sat Dec 28, 2019 11:43 am
Forum: Personal Investments
Topic: Where's my dividend?
Replies: 16
Views: 2005

Re: Where's my dividend?

Found it. It's in my settlement account. Thanks all.
by eonny
Sat Dec 28, 2019 11:28 am
Forum: Personal Investments
Topic: Where's my dividend?
Replies: 16
Views: 2005

Re: Where's my dividend?

I'd notice a $700 plus deposit. I checked for all deposits after 18 Dec.
by eonny
Sat Dec 28, 2019 11:06 am
Forum: Personal Investments
Topic: Where's my dividend?
Replies: 16
Views: 2005

Where's my dividend?

I have Vanguard Equity-Income Fund Investor Shares (VEIPX) within my Roth. On 18 Dec 2019 the fund gave $753 long term capital gains and $355 as a dividend. I don't see where the money was reinvested nor do I see it was sent to my checking account. If the money were reinvested I'd see number of shar...
by eonny
Mon Aug 12, 2019 8:01 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard ongoing glitches, August 12-13, 2019]
Replies: 256
Views: 18951

Re: [Vanguard price glitches, incorrect market info for August 12, 2019]

All my funds are duplicated as of 1900 MST.
by eonny
Tue May 14, 2019 9:21 pm
Forum: Investing - Theory, News & General
Topic: Financial podcasts
Replies: 38
Views: 6066

Re: Financial podcasts

Your Money's Worth: By Kiplinger. Advice given so anyone can understand.
by eonny
Sat Mar 30, 2019 9:24 am
Forum: Personal Consumer Issues
Topic: Rental Car insurance
Replies: 17
Views: 1554

Re: Rental Car insurance

Last summer I had my first claim ever with a rental car: brutal hailstorm in Denver-Boulder area left dents and cracked glass. I use a Chase Sapphire Reserve card for rentals, which includes the usual rental coverages as the primary payer, meaning your own auto insurance is not involved. Took 4-5 m...
by eonny
Sat Mar 30, 2019 8:58 am
Forum: Personal Consumer Issues
Topic: Rental Car insurance
Replies: 17
Views: 1554

Rental Car insurance

Does anyone pay for the rental car insurance? I usually take it, mainly for peace of mind. I've heard if in a accident, without the extra insurance, it's a nightmare trying to use your own insurance and insurance from your credit card to cover losses. Does one's own insurance cover a rental car's lo...
by eonny
Fri Mar 29, 2019 9:28 am
Forum: Personal Consumer Issues
Topic: Shut off water before a vacation
Replies: 78
Views: 7085

Re: Shut off water before a vacation

Thanks all. I have a vacation mode on my hot water heater, I use this instead of shutting off. Seems no downside to shutting off my water, given the shut off valve is in good shape.
by eonny
Thu Mar 28, 2019 10:49 pm
Forum: Personal Consumer Issues
Topic: Shut off water before a vacation
Replies: 78
Views: 7085

Re: Shut off water before a vacation

One worries about a flood in one's house during a vacation. Is there any downside to shutting off the water at the main shut off valve before starting your vacation? This would be during a vacation of a week to a week and a half. No, turning off the water is a reasonable thing to do. Only thing you...
by eonny
Thu Mar 28, 2019 10:14 pm
Forum: Personal Consumer Issues
Topic: Shut off water before a vacation
Replies: 78
Views: 7085

Shut off water before a vacation

One worries about a flood in one's house during a vacation. Is there any downside to shutting off the water at the main shut off valve before starting your vacation? This would be during a vacation of a week to a week and a half.
by eonny
Sat Aug 19, 2017 7:14 pm
Forum: Personal Consumer Issues
Topic: Kitchen knife set. Good quality - Recommendations
Replies: 87
Views: 13771

Re: Kitchen knife set. Good quality - Recommendations

Cutco. A representative will come to your house to sharpen your knife.
by eonny
Sat Apr 29, 2017 7:05 am
Forum: Personal Finance (Not Investing)
Topic: Income Tax Schedule A
Replies: 5
Views: 634

Re: Income Tax Schedule A

If you did not do a total distribution from all of your Roths, I'm sorry to be the bearer of bad tidings but you must have messed up one or more of your inputs. Somehow TT thinks you did such a distribution, then it subtracted 2% of your AGI from the loss (basis less what you received in the distri...
by eonny
Sat Apr 29, 2017 6:46 am
Forum: Personal Finance (Not Investing)
Topic: Income Tax Schedule A
Replies: 5
Views: 634

Income Tax Schedule A

I used Turbo Tax for my 2016 taxes. I noticed Turbo found enough to allow me to itemize versus taking the standard deduction. I haven't itemized in decades, never had enough. What took me over the top was: Schedule A, line 23 with this note: Loss from total distribution of all Roth Iras, $xx,xxx (an...
by eonny
Sun Jan 17, 2016 8:55 pm
Forum: Personal Investments
Topic: Reverse dollar cost averaging
Replies: 18
Views: 3053

Re: Reverse dollar cost averaging

Should I take an amount out of an IRA at once or is it best to take it out as a kind of reverse dollar cost averaging and take our 1/12 every month? This would be coming out of my wife's IRA, she is 64, and this is to reduce the RMD when she reaches 70 and a half. You should not just be taking dist...
by eonny
Sun Jan 17, 2016 5:42 pm
Forum: Personal Investments
Topic: Reverse dollar cost averaging
Replies: 18
Views: 3053

Re: Reverse dollar cost averaging

Aptenodytes wrote:If you pick a decision rule and stick with it consistently, it won't matter because the fluctuations will balance out over time.
Money going into a mutual fund by dollar cost averaging is the most advantageous way to buy stock. Does it work the same way for money going out?
by eonny
Sun Jan 17, 2016 5:28 pm
Forum: Personal Investments
Topic: Reverse dollar cost averaging
Replies: 18
Views: 3053

Reverse dollar cost averaging

Should I take an amount out of an IRA at once or is it best to take it out as a kind of reverse dollar cost averaging and take our 1/12 every month?

This would be coming out of my wife's IRA, she is 64, and this is to reduce the RMD when she reaches 70 and a half.
by eonny
Tue Dec 29, 2015 10:48 pm
Forum: Personal Investments
Topic: How did my Target Retirement Fund decrease in value today?
Replies: 7
Views: 1455

Re: How did my Target Retirement Fund decrease in value today?

I still don't get it. Your fund goes down by the same amount of distributed money. This would be a zero-sum action and I gain nothing, what am I missing?
by eonny
Mon Nov 09, 2015 12:03 am
Forum: Personal Consumer Issues
Topic: Watch under $100
Replies: 46
Views: 6736

Watch under $100

Call me old school, but I like to wear an analog watch.

Tried a Timex but the thing ticks too loudly. Looking at Seiko, Citizen or Pulsar. I like the so-called railroad watch.

Any recommendations?
by eonny
Wed Oct 14, 2015 4:23 pm
Forum: Investing - Theory, News & General
Topic: Do you think Ric Edelman is correct, never pay down mortgage
Replies: 407
Views: 106419

Re: Do you think Ric Edelman is correct, never pay down mortgage

Turn this inside out:

Your house is paid off. Would you borrow money against the house to invest in the stock market? Probably not.
by eonny
Sun Sep 27, 2015 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security: Take then suspend
Replies: 20
Views: 1743

Re: Social Security: Take then suspend

If you do NOT file/suspend at FRA, and then at, say, age 68.5, you suddenly *need* that money, I think the "back up" period is either 6 months or 12 months, but that's all you can "recover", NOT the full amount that you "would have collected since FRA". Given this, seems all who intend to go to 70 b...
by eonny
Sun Sep 27, 2015 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security: Take then suspend
Replies: 20
Views: 1743

Re: Social Security: Take then suspend

Any increases would be applied to the rate at which you first started collecting (62 in this example). When I went into the local SS office a few years back and tried to suspend my benefit at age 66 1/2 (I had started collecting about 1 year earlier), they looked at me like I was crazy. I had my re...
by eonny
Sun Sep 27, 2015 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security: Take then suspend
Replies: 20
Views: 1743

Re: Social Security: Take then suspend

Any increases would be applied to the rate at which you first started collecting (62 in this example). It is becoming clearer. The only way to max out my social security, for the full amount due at 70, is not to collect anything until 70. So I need to consider if the reduced payments from 62 to 66 ...
by eonny
Sun Sep 27, 2015 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security: Take then suspend
Replies: 20
Views: 1743

Re: Social Security: Take then suspend

My understanding with this approach your benefits are not growing between 62-66. You get the 62 year old rate. When you suspend at 66, you are not collecting but you are gaining increased benefit for each month you are suspended. So in your case you would get approximately 100% of your FRA rate ins...
by eonny
Sun Sep 27, 2015 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security: Take then suspend
Replies: 20
Views: 1743

Social Security: Take then suspend

This from the Jill on Money radio program from expert on social security Mary Beth Franklin. I can take social security at 62 then at 66 I suspend. I wait until 70 and resume. Does this sound right? Why would I consider? I don't need social security to live so I planned on waiting but why not take t...
by eonny
Sun Sep 20, 2015 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security with a pension
Replies: 20
Views: 2334

Re: Social Security with a pension

A good starting point would be to look at; 1) Having the spouse with the lower SS benifit start at 62 2) When the person with the higher benifit reaches their full retirement age they either; file and suspend, or file a restricted application for just spousal benifits. 3) Then the person with the hi...
by eonny
Sun Sep 20, 2015 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Social Security with a pension
Replies: 20
Views: 2334

Social Security with a pension

I am 61, retired, and my expenses are met by my military pension. My wife and I have combined over a million in savings.

Given this scenario which makes more sense:

1. Take social security at 62 and invest it.

2. Delay social security for as long as possible.
by eonny
Fri Sep 18, 2015 9:32 pm
Forum: Personal Investments
Topic: Commercial Mortgage Bridge Loan (CMBL)
Replies: 1
Views: 991

Commercial Mortgage Bridge Loan (CMBL)

I heard Jordan Goodman, money answers.com rave about CMBL as an investment: http://www.moneyanswers.com/investing.html\\ I believe the minimum investment is $25,000 but you have a guaranteed 6% return and (this part was not guaranteed) you receive your investment amount back in a year. There is some...
by eonny
Wed Feb 25, 2015 12:51 am
Forum: Personal Consumer Issues
Topic: Recommend a quality (and reasonably priced) knife set
Replies: 64
Views: 5453

Re: Recommend a quality (and reasonably priced) knife set

Cutco, American made. Free sharpening, lived in New Jersey and Colorado and had the sharpener come to the house in both states.
by eonny
Tue Dec 30, 2014 10:56 am
Forum: Investing - Theory, News & General
Topic: [Why did my fund suddenly drop in value?]
Replies: 246
Views: 281129

Re: [Why did my fund suddenly drop in value?]

Not to belabor this point but: If my mutual fund is worth $100 pre ex-dividend date and, in effect, due to a partial stock split I wind up with $100 after dividend posting, the net effect is $0.00 added but having more stock: - any advantage to reinvesting, other than keeping the money in the same f...
by eonny
Tue Nov 04, 2014 1:11 pm
Forum: Investing - Theory, News & General
Topic: Dividend payout
Replies: 13
Views: 1794

Re: Dividend payout

Thanks all, I need to read and digest.
by eonny
Mon Nov 03, 2014 7:33 pm
Forum: Investing - Theory, News & General
Topic: Dividend payout
Replies: 13
Views: 1794

Re: Dividend payout

I was thinking more of a stock and bond balanced fund, STAR for example. Doesn't seem fair I only own a fund for a month yet get the full dividend.
by eonny
Mon Nov 03, 2014 7:24 pm
Forum: Investing - Theory, News & General
Topic: Dividend payout
Replies: 13
Views: 1794

Dividend payout

Let's say mutual fund X pays out their dividend on 31 Dec. If I buy X fund on 1 Dec, do I receive the dividend as if I owned the fund the whole year or a pro-rated amount given I owned the fund for only one month? This would be within an IRA fund.
by eonny
Fri May 09, 2014 9:38 am
Forum: Personal Investments
Topic: Retiring with a Three Fund Portfolio
Replies: 14
Views: 3183

Re: Retiring with a Three Fund Portfolio

Why not pick a life strategy fund from Vanguard, no worries about rebalancing?
by eonny
Wed Feb 26, 2014 8:22 pm
Forum: Investing - Theory, News & General
Topic: Retirement: Protect Your Critical First Decade
Replies: 38
Views: 4855

Retirement: Protect Your Critical First Decade

From Money magazine, Marcy 2014, by Michael Krtches. He offers a contrarian way to invest while in retirement. He argues: "...you can protect more savings by starting with a smaller stake in stocks and then gradually increasing your equity exposure. The idea is that if you can get through the early ...
by eonny
Thu Jul 25, 2013 6:54 am
Forum: Personal Investments
Topic: Home mortgage - tax deduction
Replies: 10
Views: 1526

Re: Home mortgage - tax deduction

More a matter of temperament than financial......Even getting the option to itemize wouldn't necessarily sway one to the mortgage option.
by eonny
Thu Jul 25, 2013 6:44 am
Forum: Personal Investments
Topic: What Are You Using for Your Emergency Funds?
Replies: 63
Views: 7254

Re: What Are You Using for Your Emergency Funds?

Is a short term bond fund too risky for emergency funds? It is frustrating to see my monthly interest on my emergency fund, $.18!
by eonny
Thu Jul 25, 2013 6:31 am
Forum: Personal Investments
Topic: Home mortgage - tax deduction
Replies: 10
Views: 1526

Home mortgage - tax deduction

I cannot supply the many variables but in general: Even with mortgage interest I will not be able to reach the standard deduction (the best I can figure my itemized is about $8000) so I lose out on the mortgage interest deduction. Should this make a case to just buy the house outright (I have the fu...
by eonny
Mon Apr 29, 2013 6:49 am
Forum: Personal Investments
Topic: supercharge my Roth?
Replies: 26
Views: 2138

Re: supercharge my Roth?

No, the problem is that it's a false logic. This has been discussed in many threads here. It makes no difference whether you hold stocks in Roth or traditional. You can prove this to yourself with arithmetic -- many people don't get it until they do the math. I didn't. One question, as one take dis...
by eonny
Sun Feb 03, 2013 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Cost basis on a stock
Replies: 2
Views: 661

Cost basis on a stock

I sold stock in December 2012. This was ESPP purchase, and it was purchased, including reinvesting the dividends, on 26 occasions. Question, do I need to list all 26 investments or could I average them up and show as just one purchase as a way to report cost basis to Uncle Sugar?
by eonny
Sun Nov 25, 2012 7:24 pm
Forum: Personal Consumer Issues
Topic: Online chess for kids
Replies: 11
Views: 1912

Re: Online chess for kids

I have been on ICC since 1996 and it is operated with the greatest integrity. Not saying you won't have any problems but if you did, alert the site administrators (on line all the time).
by eonny
Sun Nov 25, 2012 7:01 pm
Forum: Personal Consumer Issues
Topic: Online chess for kids
Replies: 11
Views: 1912

Re: Online chess for kids

It costs but the best is ICC, chessclub.com. They have a free trial.
by eonny
Sat Nov 24, 2012 11:04 am
Forum: Personal Investments
Topic: Invest now, or wait for a market crash
Replies: 23
Views: 4006

Re: Invest now, or wait for a market crash

I believe this meets the idea of "catch a falling knife." Tough to time.
by eonny
Mon Nov 12, 2012 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Tricare
Replies: 8
Views: 1487

Tricare

Tricare being the health insurance for military, both active and retired. I am using Tricare Prime in New Jersey, administered by US Family Health Plan. Does anyone use Tricare Prime (or Tricare Standard) outside of the Northeast? Wondering how you like the plan? Any problems with coverage? We are p...
by eonny
Fri Oct 26, 2012 7:52 pm
Forum: Personal Investments
Topic: Buckets using Vanguard Funds only
Replies: 12
Views: 1799

Re: Buckets using Vanguard Funds only

I presume the buckets indicate when the money will be needed. The Lifecycle would seem a simple way to go, they have levels of aggressiveness.
by eonny
Wed Oct 03, 2012 10:13 pm
Forum: Personal Investments
Topic: Bogleheads Guide to Retirement Planning
Replies: 4
Views: 880

Re: Bogleheads Guide to Retirement Planning

"least taxing way" is not always the best way, but what is written is true: 1. Distributions from taxable accounts. (Note the text does not say sell any shares, but says these are things you are going to get no matter what, that is, they are distributions). 2. Roth IRA (least taxing way since you d...
by eonny
Wed Oct 03, 2012 9:45 pm
Forum: Personal Investments
Topic: Bogleheads Guide to Retirement Planning
Replies: 4
Views: 880

Bogleheads Guide to Retirement Planning

Page 197, Which accounts should you withdraw from? It lists the least taxing way to withdraw is in the following order (one presumes a hierarchy of most to least taxing) 1. Taxable Accounts. 2. Roth IRA 2. Tax-Deferred Accounts. I thought the Roth would be last, he lists it number two. We are warned...