Search found 707 matches

by Austintatious
Sat Sep 22, 2018 4:00 pm
Forum: Investing - Help with Personal Investments
Topic: New to Investing, I feel lost
Replies: 38
Views: 1255

Re: New to Investing, I feel lost

Lots of good advice here, OP. Take the time to study, maybe starting with this article written by Bill Bernstein called "If You Can" It's written especially for young folks new to investing. It's relatively easy to understand, provides a lot of education about investing, and offers you very smart in...
by Austintatious
Sat Sep 22, 2018 11:30 am
Forum: Investing - Theory, News & General
Topic: Which Funds to Take RMD From
Replies: 27
Views: 3484

Re: Which Funds to Take RMD From

If you're not aware, Vanguard offers a free service that will help you "accomplish" your RMDs. I would be surprised if they would not assist in helping you end up with at the desired allocation, as part of their service. Here's a list of frequently asked questions regarding their rmd service: https:...
by Austintatious
Wed Sep 19, 2018 5:48 pm
Forum: Investing - Help with Personal Investments
Topic: What is the risk in buying Purchased Money Funds?
Replies: 4
Views: 408

Re: What is the risk in buying Purchased Money Funds?

This article is 5 years old but it's a doozy. It refers to money market funds as " a most dangerous investment", part of the "shadow banking" industry where banking depository-like options without FDIC protection are dangled before the consumer in the form of a few more basis points and perhaps a bi...
by Austintatious
Sun Sep 16, 2018 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: delaying claiming SS from age 64 to 70 while not working
Replies: 21
Views: 1516

Re: delaying claiming SS from age 64 to 70 while not working

Besides running your numbers on a calculator, you can set up your mySocialSecurity account via the SS website. Once accomplished, I think it will include a statement of your benefits including a projection for the benefit amount at age 70. Also, you can call SS and ask them to give you your age 70 p...
by Austintatious
Sat Sep 15, 2018 4:53 pm
Forum: Investing - Help with Personal Investments
Topic: CD rates--what to do?
Replies: 45
Views: 6330

Re: CD rates--what to do?

A related question--I have a 5-year CD purchased 2 years ago at 1.85% interest. The early withdrawal penalty is 150 days interest. It makes sense to pull the money out and pay the penalty in order to get another CD at 2.8% interest--right? I'm I missing something here with my math? Just wanted to m...
by Austintatious
Thu Sep 13, 2018 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Withholding from RMD'S
Replies: 10
Views: 861

Re: Withholding from RMD'S

As mentioned by mhalley, they will withhold whatever amount you want. Now, if you are outside the U.S. or the money is to be dispersed outside the U.S., then they will automatically withhold 30%. See the end of section 2 of this description of the Vanguard rmd service: https://personal.vanguard.com/...
by Austintatious
Thu Sep 13, 2018 9:22 am
Forum: Personal Consumer Issues
Topic: 401k "advice" to my associates
Replies: 51
Views: 2084

Re: 401k "advice" to my associates

I applaud your efforts to motivate your associates. Here's something you might consider. It's a relatively simple and short read yet right to the point and actually pretty compelling, in my opinion. Consider giving each of them a copy of Bernstein's "If You Can" in the book format ($5 to $6 at Amazo...
by Austintatious
Wed Sep 12, 2018 9:02 pm
Forum: Personal Consumer Issues
Topic: Subaru Forester - ready to buy
Replies: 43
Views: 4136

Re: Subaru Forester - ready to buy

i drove a 2018 Forester at the dealer in Austin a few months ago and I was quite favorably impressed with the comfortable ride, zippy acceleration and excellent vision all around. It imparts a feeling of roominess.
by Austintatious
Sun Sep 09, 2018 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Advice on personal loan options?
Replies: 16
Views: 1053

Re: Advice on personal loan options?

The plan you appear to have arrived at - returning to where the jobs are and maximizing income while minimizing expenses as you build a grubstake - is the plan that affords you the greatest stability and greater likelihood of success. It's the plan I suspect most here would advise, assuming that you...
by Austintatious
Sat Sep 08, 2018 7:43 pm
Forum: Investing - Help with Personal Investments
Topic: Financial Plan
Replies: 13
Views: 1082

Re: Financial Plan

OP, I don't know if this will be helpful but, while recently reading an article on Jonathan Clements' website "The Humble Dollar", I stumbled across this survey ultimately asking if one would pay $275 for a financial planner to review one's finances. It seems that Clements and an associate are looki...
by Austintatious
Sat Sep 08, 2018 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on personal loan options?
Replies: 16
Views: 1053

Re: Advice on personal loan options?

I fear that you are on the cusp of making a huge mistake. Undertaking debt, especially in the form of personal loans, on a roll of the dice that one's luck will change, especially when there's no real evidence of it, is a recipe for disaster. You say you're confident that you can turn things around ...
by Austintatious
Wed Sep 05, 2018 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: Should I keep my financial advisor
Replies: 130
Views: 7485

Re: Should I keep my financial advisor

Per the old moneychimp compound interest calculator, starting with next year's $6,000.00 and adding $6,000.00 each year to it (of course, that fee's gonna get even higher over time) for 30 years and assuming maybe a 5% real growth (actual growth could be less or could be more), and you'd have in exc...
by Austintatious
Mon Sep 03, 2018 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: A quick SS survivor benefit question..
Replies: 5
Views: 612

Re: A quick SS survivor benefit question..

Well, my apologies for the confusion, 47percent. Your PIA is certainly a factor to be considered.
by Austintatious
Mon Sep 03, 2018 5:18 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for an 87-year-old?
Replies: 36
Views: 2127

Re: Advice for an 87-year-old?

Placing it in a higher yield checking or money market account or maybe some CDs seems like a good idea to me. CapOne's 360 money market account is paying 1.85% right now. Other big banks like citi are offering relatively high yield checking accounts plus hundreds in bonuses right now. https://www.ba...
by Austintatious
Mon Sep 03, 2018 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: A quick SS survivor benefit question..
Replies: 5
Views: 612

Re: A quick SS survivor benefit question..

Referring to the link I've included above, towards the bottom of that page you'll see a section highlighted in dark blue entitled "How Much Would Your Survivors Receive". In the text in the light blue highlighting just below, it's made clear that the survivor's amount is based on the amount the dece...
by Austintatious
Mon Sep 03, 2018 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: A quick SS survivor benefit question..
Replies: 5
Views: 612

Re: A quick SS survivor benefit question..

Here's a page provided by Social Security. I am NOT an expert but, having said that, it's been my understanding that a survivor's benefit is calculated based, first , on the primary beneficiary's actual benefit amount as opposed to his primary insurance amount (PIA) and second , on when the survivor...
by Austintatious
Fri Aug 31, 2018 4:51 pm
Forum: Investing - Theory, News & General
Topic: "Mutual Funds and Securities Lending"
Replies: 32
Views: 1637

Re: "Mutual Funds and Securities Lending"

I don't see the relevance to Fidelity and their ZERO index fund offerings. Certainly the article doesn't even mention them. And in fact, Fidelity has promised (claimed, if you believe them) that all the returns of Securities Lending go to the fund. See this article: http://www.investmentnews.com/ar...
by Austintatious
Fri Aug 31, 2018 4:17 pm
Forum: Investing - Theory, News & General
Topic: "Mutual Funds and Securities Lending"
Replies: 32
Views: 1637

Re: "Mutual Funds and Securities Lending"

If a mutual fund has a 0 ER, like Fidelity's two funds now, does it really matter to the individual investor which of their revenue streams is covering those funds' costs? If you wanted to think of it as, say, their credit card business is funding the 0 ER funds operating costs, and ownership is ju...
by Austintatious
Fri Aug 31, 2018 2:31 pm
Forum: Investing - Theory, News & General
Topic: "Mutual Funds and Securities Lending"
Replies: 32
Views: 1637

Re: "Mutual Funds and Securities Lending"

I don't see the relevance to Fidelity and their ZERO index fund offerings. Certainly the article doesn't even mention them. And in fact, Fidelity has promised (claimed, if you believe them) that all the returns of Securities Lending go to the fund. See this article: http://www.investmentnews.com/ar...
by Austintatious
Fri Aug 31, 2018 1:15 pm
Forum: Investing - Help with Personal Investments
Topic: Approaching retirement, need to rebalance? SS plan?
Replies: 17
Views: 1610

Re: Approaching retirement, need to rebalance? SS plan?

You may have already fully explored your options under Social Security but, if not, you might benefit from running your situation through one of the calculators available online. Here's the user friendly version offered free to the public by forum member Mike Piper.

https://opensocialsecurity.com/
by Austintatious
Tue Aug 28, 2018 8:33 am
Forum: Personal Consumer Issues
Topic: Recommend a good SOCK. Yes, I said SOCK!
Replies: 48
Views: 3971

Re: Recommend a good SOCK. Yes, I said SOCK!

Darn Tough socks. Not inexpensive, but also not cheap. Lifetime warranty. Made in America of a wool blend. There is no finer sock, imho. I work outside, in boots, all day and night I will wear nothing else. Well... Smartwool socks too. I was sold on Smartwool but I've moved on to Darned Tough. Very...
by Austintatious
Mon Aug 27, 2018 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Man...opening a savings account with Ally is an arduous process.
Replies: 32
Views: 3047

Re: Man...opening a savings account with Ally is an arduous process.

Problem is, to get it done, one has to unfreeze credit accounts at all 3 bureaus which is not without costs. Beginning September 21, it will be free to freeze and unfreeze your credit across the country. See https://www.consumer.ftc.gov/blog/2018/06/free-credit-freezes-are-coming-soon-0 I had no id...
by Austintatious
Mon Aug 27, 2018 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Man...opening a savings account with Ally is an arduous process.
Replies: 32
Views: 3047

Re: Man...opening a savings account with Ally is an arduous process.

DW recently thought about taking advantage of a CapOne promo offering a $200 bonus for opening a new money market account and depositing $10k in the account. Given that their current rate is 1.75%, that deposit held for a year would essentially be a 12 month cd at 3.75% with no early withdrawal pena...
by Austintatious
Sat Aug 25, 2018 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Question for Social Security experts
Replies: 13
Views: 1711

Re: Question for Social Security experts

FBN2014, another non-expert here but I'll offer what I believe remains available to SS beneficiaries regarding the so called restricted application for spousal benefits. The law was changed a couple of years ago so that only those born before January 2, 1954 can take advantage of that option. You ob...
by Austintatious
Tue Aug 21, 2018 2:38 pm
Forum: Investing - Help with Personal Investments
Topic: Investing monthly Social Security payments
Replies: 33
Views: 2958

Re: Investing monthly Social Security payments

I suspect you've already given much thought to this but I'll ask anyway. Since it's not needed, have you thought about deferring your social security, maybe even to age 70? Compare the guaranteed 6 - 8 percent per year you'd realize by deferring to the unpredictable earnings you would realize from c...
by Austintatious
Sun Aug 19, 2018 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card to Pay off Overpayment of Student Debt
Replies: 18
Views: 1560

Re: Credit Card to Pay off Overpayment of Student Debt

I did this the last year I was paying off my student loans. I had emergency funds to cover the balance so the risk of job loss or not being able to keep up the payment was minimal. And my interest rate was 6.8% so I was willing to take a small risk for the savings. The challenge is that most of the...
by Austintatious
Sat Aug 18, 2018 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Online Banking - School Me
Replies: 21
Views: 2212

Re: Online Banking - School Me

OP, CapOne's money market account rate is at 1.75%. What's more, they're currently offering a $200 bonus to invitees who've not had another CapOne "savings product" in the last couple of years and who open their account and deposit $10,000 by August 31, 2018. I know that the offer has been extended ...
by Austintatious
Sat Aug 18, 2018 11:22 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1051
Views: 82177

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

Jonathan Clements on the Humble Dollar regarding this very subject. http://www.humbledollar.com/2018/08/newsletter-no-30/ "YOU CAN’T GET high returns without taking high risk—and yet many investors believe that U.S. stocks are not only safer than foreign shares, but also pretty much guaranteed to o...
by Austintatious
Mon Aug 13, 2018 8:51 am
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 195
Views: 17792

Re: "Open Social Security" calculator: feature requests, bug reports, etc

Mike, while it may seem obvious to most that the tool does not and cannot consider every factor unique to a user's situation, factors that the user should or at least might want to consider in deciding how and when to apply, it's just not going to be so obvious to everyone. There is an explanation o...
by Austintatious
Fri Aug 10, 2018 6:26 pm
Forum: Investing - Theory, News & General
Topic: The Bigger Story: Fidelity Expense Ratios
Replies: 98
Views: 10587

Re: The Bigger Story: Fidelity Expense Ratios

I have to wonder if this is "The Bigger Story": Family First How the owners of Fidelity get richer at everyday investors’ expense By Tim McLaughlin Filed Oct. 5, 2016, noon GMT The billionaire Johnson clan has a private venture capital arm that competes directly for lucrative deals with the Fidelity...
by Austintatious
Fri Aug 10, 2018 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 195
Views: 17792

Re: "Open Social Security" calculator: feature requests, bug reports, etc

Given the factors I mentioned in the last post, I wonder how useful this calculator is? It might lead to more confusion than clarity for most people, and might lead to some people taking SS earlier than would be best for them. What it calculates is just one minor part of the info to be considered w...
by Austintatious
Wed Aug 08, 2018 9:49 am
Forum: Investing - Help with Personal Investments
Topic: different types of interest penalties on withdrawal of CD. Which is better?
Replies: 8
Views: 615

Re: different types of interest penalties on withdrawal of CD. Which is better?

The math is mind-bending for me as well, considering all the possibilities, but it seems that the penalties at PenFed are substantially harsher for the longer term cd's since it could be far greater than CapOne's interest on just a 12 month period. For example, consider a $100,000 cd at 3% for 5 yea...
by Austintatious
Sun Aug 05, 2018 2:24 pm
Forum: Investing - Help with Personal Investments
Topic: Local Bank IRA
Replies: 10
Views: 568

Re: Local Bank IRA

With some exceptions, your local bank will not be offering competitive rates on deposit accounts compared to nationally available rates. That includes IRA certificates. Unless the banks in your parents' community are among those exceptions, they'd be better off looking elsewhere for IRA certificates...
by Austintatious
Fri Aug 03, 2018 11:42 am
Forum: Investing - Help with Personal Investments
Topic: Time to invest in Fidelity's new zero fee funds?
Replies: 70
Views: 4188

Re: Time to invest in Fidelity's new zero fee funds?

A note on Fidelity strategy: on their website, the breathless blurb on the Zero funds floats tantalizingly above a pitch for their advice service, which nicks you for 0.25 or so. Retail investor [=CONSUMER] brain: “Hey, wow, if I’m paying like ZERO for the fund then that frees up budget for me to p...
by Austintatious
Thu Aug 02, 2018 5:48 pm
Forum: Investing - Help with Personal Investments
Topic: Let's talk Bonds: BND, VCIT, BIV, LQD, SLQD?
Replies: 15
Views: 1777

Re: Let's talk Bonds: BND, VCIT, BIV, LQD, SLQD?

There's a current thread pondering whether one needs bonds other than treasuries.

viewtopic.php?p=4049244#p4049244
by Austintatious
Thu Aug 02, 2018 11:01 am
Forum: Personal Consumer Issues
Topic: weekender bag?
Replies: 30
Views: 2659

Re: weekender bag?

LL Bean continues to offer a wide variety of duffels. What's more. most are reasonably priced. And they're offering 20% off price for some of them right now.

https://www.llbean.com/llb/shop/904?pag ... gear-bags#
by Austintatious
Wed Aug 01, 2018 1:43 pm
Forum: Investing - Help with Personal Investments
Topic: Can someone help explain this employer retirement contribution wording?
Replies: 14
Views: 869

Re: Can someone help explain this employer retirement contribution wording?

The language is quite poorly done but here's my interpretation of what's intended: - There's a minimum, mandatory employee contribution of 3% that is fully matched by your employer. - You have the ability to make voluntary contributions above the mandatory amount and if that's at least an additional...
by Austintatious
Wed Jul 25, 2018 3:25 pm
Forum: Personal Consumer Issues
Topic: Intermittent Fasting
Replies: 50
Views: 3445

Re: Intermittent Fasting

Try looking at Mark Mattson's You Tube Ted Talk on intermittent fasting and brain health. He is a neurobiologist at NIH and Johns Hopkins. His research is showing that intermittent fasting may help protect your brain as you age, and he personally does it because of the results of his research. Inte...
by Austintatious
Wed Jul 25, 2018 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Union Bank 18-month CD @ 2.75% APY
Replies: 33
Views: 3298

Re: Union Bank 18-month CD @ 2.75% APY

12th month CD 2.30% https://www.purepoint.com/online-banking/certificates-of-deposit/high-yield One-year Treasury is at about 2.4%. One-year brokered CD at 2.35%, down from 2.45% recently (yesterday I believe). Kevin The rates at Live Oak Bank continue their steady climb. Their short term certifica...
by Austintatious
Wed Jul 25, 2018 10:21 am
Forum: Personal Consumer Issues
Topic: Intermittent Fasting
Replies: 50
Views: 3445

Re: Intermittent Fasting

A recent article out of Harvard Medical School saying that, if done properly, it is " safe and incredibly effective": So is this as good as it sounds? I was very curious about this, so I asked the opinion of metabolic expert Dr. Deborah Wexler, Director of the Massachusetts General Hospital Diabetes...
by Austintatious
Mon Jul 23, 2018 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Union Bank 18-month CD @ 2.75% APY
Replies: 33
Views: 3298

Re: Union Bank 18-month CD @ 2.75% APY

per TravelGeek "Personally, I don’t want accounts all over the place that I need to track. My hope is that PenFed offers a decent rate at the end of the year when my 3% CDs come due, so I can stick with them. The rest of my cash will remain with Ally and VG Prime MM." For the same reasons, I'm also ...
by Austintatious
Fri Jul 13, 2018 12:46 pm
Forum: Investing - Theory, News & General
Topic: 3.5% for 5 year CD at City Credit Union
Replies: 0
Views: 393

3.5% for 5 year CD at City Credit Union

I've edited this post to mention the substantial membership limitations referenced at the bottom of the post. Membership is simply not available to the general population as I'd first thought. My apologies. I just came across this City Credit Union CD offering on the deposit accounts web site. These...
by Austintatious
Fri Jul 13, 2018 11:48 am
Forum: Investing - Help with Personal Investments
Topic: Like Lifestrategy Funds but???
Replies: 32
Views: 3662

Re: Like Lifestrategy Funds but???

OP, this new thread re Vanguard International Bond fund may be of interest to you.

viewtopic.php?f=10&t=253868&newpost=401 ... ead#unread
by Austintatious
Thu Jul 12, 2018 8:39 am
Forum: Investing - Theory, News & General
Topic: Are Bonds Always Safe? — A Second Look at U.S. Portfolio Disasters
Replies: 108
Views: 9250

Re: Are Bonds Always Safe? — A Second Look at U.S. Portfolio Disasters

This thread reminds me of that all time movie classic: "I am shocked- shocked - to find that gambling is going on here!" "I am shocked - shocked - to find that bonds are not 100% safe from all those negative market influences out there!" Really? We (with the possible exception of rank beginners) hav...
by Austintatious
Wed Jul 11, 2018 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: PenFed or Navy Federal?
Replies: 30
Views: 2397

Re: PenFed or Navy Federal?

For those recommending Ally, I hear you but I'm just partial to credit unions, however imprudent that may be. My thanks to you and all the others who've responded.
by Austintatious
Wed Jul 11, 2018 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: PenFed or Navy Federal?
Replies: 30
Views: 2397

Re: PenFed or Navy Federal?

VictoriaF wrote:
Wed Jul 11, 2018 6:18 pm
I can walk to PenFed and to NavyFed. The walk to NavyFed is nicer and I use it more. I can't walk to Ally, but I use it anyway.

Victoria
Now, that's what I call living in a "walkable neighborhood". Showoff!
by Austintatious
Tue Jul 10, 2018 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: PenFed or Navy Federal?
Replies: 30
Views: 2397

Re: PenFed or Navy Federal?

Don't limit yourself to two choices. Check who offers the best rates on depositaccounts.com Then go with them, and switch later if for any reason you are dissatisfied. It's easy enough to move from one bank to another, so don't take your decision too seriously. My primary focus, here, is finding a ...
by Austintatious
Tue Jul 10, 2018 11:38 am
Forum: Personal Finance (Not Investing)
Topic: PenFed or Navy Federal?
Replies: 30
Views: 2397

Re: PenFed or Navy Federal?

Traveler - A month or two ago I temporarily had trouble with maturity instructions for NFCU certificates maturing. I called and brought the matter to their attention and they apparently fixed the issue. I've had five certificates maturing since then and the online maturity instructions have been ha...