Search found 189 matches

by drzzzzz
Wed Jul 11, 2018 4:23 pm
Forum: Investing - Theory, News & General
Topic: Disappointed with Fidelity's Online Interface
Replies: 19
Views: 1556

Re: Disappointed with Fidelity's Online Interface

If you want an IT interface that was just updated and is totally illogical try TIIA. I will take Fidelity's web-site any day over Vanguard's which seems to be less efficient and functional and limited in its applications.
by drzzzzz
Tue Jul 10, 2018 9:23 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Spending - which account?
Replies: 4
Views: 689

Retirement Spending - which account?

Confused about which account to use for retirement expenses. I am planning to retire next year at age 63 and delay taking social security until age 70. I have about 60% of my assets in tax-deferred accounts, 30% in taxable accounts, and 10% in roth accounts. I would like to do some Roth conversions ...
by drzzzzz
Wed Jul 04, 2018 3:41 pm
Forum: Investing - Help with Personal Investments
Topic: Terminating personal advisory service
Replies: 4
Views: 785

Re: Terminating personal advisory service

We just told the advisor that we would no longer be using them and gave them the date that we would stop. All accounts and positions stayed as is. I don't recall if they asked why were were leaving, but do recall they had asked why we had originally signed up with them and what had changed (I think,...
by drzzzzz
Mon Jul 02, 2018 4:02 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard is really pushing their Personal Adviser Service
Replies: 65
Views: 6281

Re: Vanguard is really pushing their Personal Adviser Service

While I have had multiple issues with Vanguard, I would presume that once her balance at Vanguard goes over a million and she is Flagship, they will do phone trades for no charge, just not sure that will happen till her balance shows her as flagship and of course they do encourage online transaction...
by drzzzzz
Thu Jun 21, 2018 10:11 pm
Forum: Investing - Help with Personal Investments
Topic: Short-term Treasury ETF vs just buying Treasuries
Replies: 41
Views: 2979

Re: Short-term Treasury ETF vs just buying Treasuries

For someone who just this week bought their first treasury bills at auction through the Fidelity website in both ra etirement and a brokerage account, using Fidelity's website was a breeze - no fee, you knew what the yield would be, and they have a very knowledgable and easy to reach fixed income gr...
by drzzzzz
Mon Jun 18, 2018 4:23 pm
Forum: Investing - Theory, News & General
Topic: Do you have to invest in Bond ETF?
Replies: 7
Views: 906

Re: Do you have to invest in Bond ETF?

At your age, all stock is fine since you have lot's of time to recover from the inevitable decline that will occur in stocks when they drop in price from a sell-off. Bonds are to help reduce volatility in a portfolio so you have less of a loss when the market goes through a down cycle and allows you...
by drzzzzz
Sat Jun 16, 2018 9:07 pm
Forum: Investing - Help with Personal Investments
Topic: When to "raise my rate" (Ally bank CD)
Replies: 19
Views: 2569

Re: When to "raise my rate" (Ally bank CD)

Consider breaking the CD and buying a 3-year brokered CD at 3%. According to https://www.depositaccounts.com/tools/break-cd-calculator.aspx, if you break a 2.35% CD with an EWP of 5 months of interest and invest it in a 3-year CD at 3%, you will earn about $100 more on $10K at the end of three year...
by drzzzzz
Mon Jun 11, 2018 10:04 pm
Forum: Investing - Help with Personal Investments
Topic: FSTVX (Fidelity Total Market Index Fund Premium Class) in Taxable account
Replies: 9
Views: 740

Re: FSTVX (Fidelity Total Market Index Fund Premium Class) in Taxable account

If FSTVX from Fidelity and VTSMX (Total Stock Market) from Vanguard are both labelled as total market and following similar indexes, why is tax efficiency so different for each fund or is it not really?
by drzzzzz
Tue May 29, 2018 9:36 pm
Forum: Investing - Help with Personal Investments
Topic: Creative Planning vs Vanguard PAS
Replies: 94
Views: 6071

Re: Creative Planning vs Vanguard PAS

We were using Vanguard PAS and left them - see the following thread and you will see some of my comments about why we stopped utilizing their services since they might be germaine to some of your issues https://www.bogleheads.org/forum/viewtopic.php?f=2&t=236085. I will also add that prior to Vangua...
by drzzzzz
Tue May 29, 2018 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: Recommendation for Independent Insurance Broker
Replies: 3
Views: 563

Recommendation for Independent Insurance Broker

hi
any recommendations for an independent insurance broker in the philly area or where to go about looking for one?
we have multiple policies (house, car, and umbrella) that I would like to get quotes on
thanks
by drzzzzz
Sun May 27, 2018 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO auto rates vs. USAA: too good to be true?
Replies: 174
Views: 29582

Re: GEICO auto rates vs. USAA: too good to be true?

We have had two claims with Geico in the last few years which were both within a month of each other and to the same car - the first claim was because a car backed into ours in a parking lot that was unwitnessed and the other was a deer that hit the front of the car. Geico was easy to work with, rec...
by drzzzzz
Fri May 18, 2018 2:42 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Stepfather's annuity
Replies: 14
Views: 1520

Re: Help with Stepfather's annuity

This might be off topic, but possibly of value to you as an FYI - I recently rolled over two annuities for my mother to a Fidelity IRA and I felt Fidelity went out of their way to keep me in the loop, overnight paperwork as needed, and meet tight deadlines in contrast to experiences that I have had ...
by drzzzzz
Fri May 18, 2018 9:17 am
Forum: Investing - Theory, News & General
Topic: Challenge: guess the effect of rebalancing (by interval or bands) in 2008-2009
Replies: 35
Views: 3983

Re: Challenge: guess the effect of rebalancing (by interval or bands) in 2008-2009

Vanguard had a white paper on rebalancing back in 2015 https://www.vanguard.com/pdf/ISGPORE.pdf and their conclusions which are below were similar: "Just as there is no universally optimal asset allocation, there is no universally optimal rebalancing strategy. The only clear advantage so far as main...
by drzzzzz
Thu May 17, 2018 2:24 pm
Forum: Investing - Theory, News & General
Topic: This is Unbelievable - another Vanguard customer support odyssey
Replies: 59
Views: 12344

Re: This is Unbelievable - another Vanguard customer support odyssey

I had this problem when I was helping a family member with a rollover - it was sitting in some area in Vanguard and was ultimately returned to start over again since they either didn't have the correct paperwork or instructions weren't clear - they didn't even bother letting my niece know they were ...
by drzzzzz
Wed Apr 25, 2018 4:36 pm
Forum: Investing - Help with Personal Investments
Topic: Fee Only Financial Planner - Recommendation
Replies: 3
Views: 520

Re: Fee Only Financial Planner - Recommendation

Others will send you to sites that offer multiple options for fiding a financial planner, but I have used Allan Roth from Wealthlogic - website is DaretobeDull.com - charges by the hour, well credentialled, and had a similar view to mine about finances which meant we were more in synch. I thought hi...
by drzzzzz
Tue Apr 24, 2018 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Using Vanguard’s advisors
Replies: 72
Views: 8533

Re: Using Vanguard’s advisors

livesoft wrote:
Tue Apr 24, 2018 1:49 pm
I have not seen how "most tax-efficient way" has ever been used by Vanguard when a transfer is done.
+1
by drzzzzz
Fri Apr 20, 2018 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about donating appreciated fund shares
Replies: 14
Views: 1331

Re: Questions about donating appreciated fund shares

I have gifted shares a few times, most recently the process was changed for me on how to gift since I was on the brokerage platform and the charitable institution had an older mutual fund account and Vanguard couldn't do across platform gifting (this time) so I had to change ownership of the shares ...
by drzzzzz
Fri Apr 20, 2018 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: Wanting to leave Fidelity
Replies: 97
Views: 11031

Re: Wanting to leave Fidelity

I will be curious to see what annoying calls if any that I receive from Fidelity since I am in the process of transferring two IRAs for my mother to Fidelity from another company and the Fidelity service that I have received so far has been outstanding. They have helped with paperwork, answered ques...
by drzzzzz
Fri Apr 20, 2018 9:18 pm
Forum: Investing - Help with Personal Investments
Topic: Financial planners [looking for one]
Replies: 30
Views: 2548

Re: Financial planners [looking for one]

I have used Allan Roth from Wealthlogic - website is DaretobeDull.com - charges by the hour, well credentialled, and had a similar view to mine about finances which meant we were more in synch. I thought his services were valuable and I would use him again, sometimes he posts on BH and is often quot...
by drzzzzz
Thu Apr 19, 2018 9:33 am
Forum: Investing - Help with Personal Investments
Topic: Annuity and Trust Beneficiary
Replies: 1
Views: 192

Annuity and Trust Beneficiary

hi I am trying to help my mother organize her finances who has a TSA annuity that has her living trust as the beneficiary. I recall reading that a living trust becomes irrevocable at the death of the trustee so does that mean either a lump sum payment to the trust or is it paid out at the time of de...
by drzzzzz
Thu Apr 19, 2018 8:00 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard customer experience
Replies: 22
Views: 2221

Re: Vanguard customer experience

I have had numerous issues with Vanguard and while still a customer the issues continue, but seem to be different from episode to episode. My philosophy is to watch what they do closely so problems can get corrected. The most recent was with my niece who mailed in a check for an IRA contribution and...
by drzzzzz
Sat Apr 14, 2018 9:11 pm
Forum: Investing - Help with Personal Investments
Topic: How can I Invest 4 million dollars to earn 120k (inflation adjusted) a year for life?
Replies: 93
Views: 18014

Re: How can I Invest 4 million dollars to earn 120k (inflation adjusted) a year for life?

It is dangerous to go without healthcare insurance. Quite a lot of people don't think so, but that's politics, so we cannot discuss it. It isn't about politics--the financial risk of a catastrophic illness can easily exceed the entire cost of a total loss on a home. And for someone who likes to rac...
by drzzzzz
Fri Apr 13, 2018 9:03 pm
Forum: Investing - Help with Personal Investments
Topic: Lazy Portfolio - Using Fidelity ETF's Vs Vanguard ETF's
Replies: 29
Views: 3214

Re: Lazy Portfolio - Using Fidelity ETF's Vs Vanguard ETF's

Can the poster or someone else explain the following statement to me that the OP included "The estimated 2018 distributions would be $30,000 for the Vanguard ETF's and $22,000 for the Fidelity/iShares ETF's. " If these portfolios are pretty similar if not nearly identical why are distributions estim...
by drzzzzz
Thu Apr 12, 2018 3:43 pm
Forum: Investing - Help with Personal Investments
Topic: TSA Annuity Accumulation and Income Phases
Replies: 3
Views: 279

Re: TSA Annuity Accumulation and Income Phases

Planning to call when I visit with my mom on Mionday since they won't talk to me unless she is there - I was just confused by the language and didn't know if anyone else had run across this.
by drzzzzz
Wed Apr 11, 2018 8:21 pm
Forum: Investing - Theory, News & General
Topic: Retirees: Who's increasing their equities as they age?
Replies: 74
Views: 5974

Re: Retirees: Who's increasing their equities as they age?

So much of this is recency bias because we have had an uptrending market for 8 years - when the stock market drops 50% and portfolios are smaller, people will think differently about stocks and I am sure investors in the Japanese stock market over the last 20 years have a different perspective as we...
by drzzzzz
Wed Apr 11, 2018 5:52 pm
Forum: Investing - Help with Personal Investments
Topic: TSA Annuity Accumulation and Income Phases
Replies: 3
Views: 279

TSA Annuity Accumulation and Income Phases

Hi Was hoping someone could clarify recent paperwork that my 88.5 year old mother received regarding a 403B annuity that she has (she has not contributed to this annuity for many years). The paperwork mentions that her annuity contract has an accumulation phase and an income phase and that the trans...
by drzzzzz
Thu Mar 29, 2018 12:11 pm
Forum: Investing - Help with Personal Investments
Topic: Gifting Appreciated Stock/Mutual Funds to Family
Replies: 3
Views: 346

Re: Gifting Appreciated Stock/Mutual Funds to Family

pshonore wrote:
Thu Mar 29, 2018 11:57 am
You may want to review this thread for some of the pitfalls:
viewtopic.php?p=3852513#p3852513
Thank you pshonore really helpful thread, I didn't find that topic link when I did a search earlier.
by drzzzzz
Thu Mar 29, 2018 11:08 am
Forum: Investing - Help with Personal Investments
Topic: Gifting Appreciated Stock/Mutual Funds to Family
Replies: 3
Views: 346

Gifting Appreciated Stock/Mutual Funds to Family

Hi I was reading this article by Michael Kitces on strategies for highly appreciated investments and embedded capital gains and there was a comment about giving the assets to charity, or possibly to children since their tax bracket might be lower - this got me to thinking about the reverse where you...
by drzzzzz
Wed Mar 21, 2018 10:20 am
Forum: Investing - Theory, News & General
Topic: Vanguard Personal Advisory opinion on Vanguard Total World Index Fund
Replies: 11
Views: 1826

Re: Vanguard Personal Advisory opinion on Vanguard Total World Index Fund

From using Vanguard Personal Advisory services in the past, they have their own set of built-in limitations about funds that they use. You should really ask them this question if the plan is for the future after your demise.
by drzzzzz
Wed Mar 21, 2018 8:54 am
Forum: Investing - Help with Personal Investments
Topic: Has anyone had problems gifting Vanguard shares to an organization?
Replies: 38
Views: 3949

Re: Has anyone had problems gifting Vanguard shares to an organization?

An update to the original question that was posted - I have been gifting shares regularly using the Giving Funds Shares to Organization form (as recently as December 2017); however, this week when I sent in the form for the same account and the same recipient organization, I was told it couldn't be ...
by drzzzzz
Sun Mar 18, 2018 8:53 pm
Forum: Investing - Theory, News & General
Topic: How much money can a CPA save you?
Replies: 52
Views: 6132

Re: How much money can a CPA save you?

This probably depends on the complexity of your return and how much tax law and research you want to put into it. It's also been beneficial for us since we also have to file state taxes in multiple states so discovering the nuances from each state is also not something we want to do.
by drzzzzz
Tue Mar 13, 2018 8:59 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard 1099 Roth Conversion Error in Statement?
Replies: 7
Views: 592

Re: Vanguard 1099 Roth Conversion Error in Statement?

Yes, it is an IRS requirement that a TIRA distribution (includes conversions) be reported in Box 2a as well as Box 1. As others have stated, the amount in 2a is actually a provisional amount subject to change by filing Form 8606 AS LONG as the taxable amount not determined box is also checked. Many...
by drzzzzz
Tue Mar 13, 2018 7:21 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard 1099 Roth Conversion Error in Statement?
Replies: 7
Views: 592

Re: Vanguard 1099 Roth Conversion Error in Statement?

stevew7 wrote:
Tue Mar 13, 2018 7:20 pm
Box 2b should be checked as taxable amount not determined.

Then you will fill out irs form 8606 with your tax return to establish the non deductible contribution in the traditional ira.
It is checked as taxable amount not determined, but box 2a has the full amount as taxable in Vanguard's form.
by drzzzzz
Tue Mar 13, 2018 6:55 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard 1099 Roth Conversion Error in Statement?
Replies: 7
Views: 592

Vanguard 1099 Roth Conversion Error in Statement?

Hi Planning to call Vanguard, but wanted to confirm my suspicions. My nephew did a non-deductible after-tax IRA contribution at Vanguard and then did a roth conversion a few days later on-line through Vanguard's website. The 1099-R that Vanguard sent has the gross distribution of $5500 in box 1, as ...
by drzzzzz
Wed Mar 07, 2018 10:03 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Questions - Vanguard Personal Advisor Services
Replies: 11
Views: 1156

Re: Retirement Questions - Vanguard Personal Advisor Services

Thanks everybody for the advise. FYI it is Admiral shares, I used the wrong ticker. [*]I'm going to drop the Intl bonds to 5%. [/list] I will be curious to see Vanguard PAS response when you suggest international bonds of 5% - in the past when we had discussions with them they insisted upon a highe...
by drzzzzz
Sat Mar 03, 2018 9:43 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Flagship Select Services
Replies: 17
Views: 2962

Re: Vanguard Flagship Select Services

FYI: Vanguard Trust Services does utilize VPAS, it’s a requirement. In addition to the fee structure of PAS, there’s an additional 0.2% for the Trust administration. Trusts must be >= 500K. You cannot hire VG, to solely distribute funds from a revocable Trust. Sachachtw - surprised by what you are ...
by drzzzzz
Thu Mar 01, 2018 5:33 pm
Forum: Investing - Theory, News & General
Topic: Donor Advised Fund (DAF) - Which Company to Use
Replies: 41
Views: 3739

Re: Donor Advised Fund (DAF) - Which Company to Use

Thanks for all the replies, I am entering a period for a few years where I want to do some roth conversions prior to RMD and social security. If I am not mistaken, the DAF allows me the opportunity to increase my contributions to the DAF which then should increase the space available for me to do Ro...
by drzzzzz
Wed Feb 28, 2018 10:25 pm
Forum: Investing - Theory, News & General
Topic: Donor Advised Fund (DAF) - Which Company to Use
Replies: 41
Views: 3739

Re: Donor Advised Fund (DAF) - Which Company to Use

After you start giving to a donor advised fund, are you required to distribute a certain percentage or dollar amount per year? What happens to the fund when you die? Actually, at Fidelity, you are required to make grant recommendations, although the time frame is very generous. You must make a reco...
by drzzzzz
Wed Feb 28, 2018 11:34 am
Forum: Investing - Theory, News & General
Topic: Donor Advised Fund (DAF) - Which Company to Use
Replies: 41
Views: 3739

Re: Donor Advised Fund (DAF) - Which Company to Use

After you start giving to a donor advised fund, are you required to distribute a certain percentage or dollar amount per year? What happens to the fund when you die?
by drzzzzz
Wed Jan 24, 2018 2:58 pm
Forum: Investing - Help with Personal Investments
Topic: Use VG PAS for transfer from my current advisor?
Replies: 6
Views: 474

Re: Use VG PAS for transfer from my current advisor?

We transferred some funds from another advisor to Vanguard using PAS services - you will have to check with PAS, but there were a few mutual funds and more esoteric investments that Vanguard couldn't transfer and needed to be liquidated before the transfer if we wanted them transferred. Most of our ...
by drzzzzz
Wed Jan 24, 2018 12:27 pm
Forum: Investing - Theory, News & General
Topic: Kitces article: A cash bucket in retirement? Nope
Replies: 150
Views: 12903

Re: Kitces article: A cash bucket in retirement? Nope

The drag on a portfolio from holding cash is way overblown. Online savings accounts, ibonds, CD's can perform almost as much as a short/intermediate bond fund but with less risk. Or call it a hefty emergency fund. Life happens and worrying about some small/negligible return difference between "bond...
by drzzzzz
Thu Jan 18, 2018 12:07 pm
Forum: Investing - Help with Personal Investments
Topic: Rebalancing bands tighter than 5 / 25?
Replies: 17
Views: 1448

Re: Rebalancing bands tighter than 5 / 25?

. Jrbdmb, To quote Larry Swedroe http://seekingalpha.com/article/2130243-portfolio-rebalancing-the-whys-and-the-hows ". . . I suggest you use a 5/25 percent rule in an asset class's allocation before rebalancing is considered. That is, rebalancing should be considered if the change in an asset clas...
by drzzzzz
Wed Jan 17, 2018 11:03 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Advisor Bullied Me
Replies: 32
Views: 5046

Re: Vanguard Advisor Bullied Me

Thanks for all the comments. Here are some clarifications: I had/have an IRA which I’m not old enough to touch yet. I do not know the difference between individual or stock funds, sorry. Last year I opened a taxable individual brokerage account. When I called to set up the new account I was told th...
by drzzzzz
Wed Jan 17, 2018 4:28 pm
Forum: Investing - Help with Personal Investments
Topic: Rebalancing bands tighter than 5 / 25?
Replies: 17
Views: 1448

Re: Rebalancing bands tighter than 5 / 25?

Is it reasonable to use tighter rebalancing bands like 2% / 10%? Note that my investments are at Vanguard and Merrill Edge (with free trades) so trading costs aren't a consideration; the only potential issue is additional taxable events in my non-retirement accounts. Sure. I'm an opportunistic reba...
by drzzzzz
Mon Jan 15, 2018 11:34 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisory Services vs. Schwab Intelligent Advisory
Replies: 41
Views: 5051

Re: Vanguard Personal Advisory Services vs. Schwab Intelligent Advisory

I'm in the same boat and have been talking with both VPAS and SIA. After the initial conversation with VPAS they will manage any AA that you decide. They'll try their best to save you from yourself, but ultimately will do what you want. Mostly this means that you will end up with additional Vanguar...
by drzzzzz
Wed Jan 10, 2018 11:04 am
Forum: Investing - Help with Personal Investments
Topic: Inflation Protected Bonds - Short or Longer Term Duration?
Replies: 11
Views: 1317

Inflation Protected Bonds - Short or Longer Term Duration?

While looking at Vanguard inflation protected bond funds they have both a short term fund VTIPX (vanguard short term inflation protected bond fund) and a fund with a much longer duration - VIPSX (Vanguard Inflation protected securities). For those that want to have inflation protected bond funds in ...
by drzzzzz
Mon Jan 08, 2018 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard app, mobile check deposits and all-in-one accounts
Replies: 8
Views: 1766

Re: Vanguard app, mobile check deposits and all-in-one accounts

I have complained to my Flagship rep about this issue for at least a year and a hal and he says they have no idea when it will get fixed. In the meantime, I also asked him to send me Vanguard addressed stamped envelopes so I can at least deposit checks without incurring a stamp expense. It's amazing...
by drzzzzz
Mon Jan 08, 2018 6:04 pm
Forum: Investing - Theory, News & General
Topic: Memo to those who have won the game: it's time to quit playing
Replies: 211
Views: 20861

Re: Memo to those who have won the game: it's time to quit playing

W Buffet has won the game long time ago but he is till playing the game. How to explain? It doesn't matter if you play or stop playing when you have his assets - money keeps coming in from dividends and capital gains. When you have so much, the portfolio can be 100% cash or 100% bonds or 100% stock.
by drzzzzz
Sun Jan 07, 2018 6:53 pm
Forum: Investing - Theory, News & General
Topic: Memo to those who have won the game: it's time to quit playing
Replies: 211
Views: 20861

Re: Memo to those who have won the game: it's time to quit playing

I find that people who provide commentary about not dialing back on risk, even if they have won the game, too often in the euphoria of an up market forget why they have been accumuilating assets and believe they are immune to markets dropping for long periods. Individuals assume the market will boun...
by drzzzzz
Thu Jan 04, 2018 8:26 pm
Forum: Investing - Theory, News & General
Topic: "VB Account Agreement"--Checkwriting? No written orders? What IS this really about?
Replies: 16
Views: 1631

Re: "VB Account Agreement"--is checkwriting on death row? What IS this really about?

I think this might be related to the following since it happened to us. Our older mutual fund account was upgraded to a brokerage account, but I didn't destroy the old checks on the prior prime account and continued to write checks on that account rather than through the new federal money market set...