Search found 2510 matches

by 123
Fri Nov 17, 2017 10:07 pm
Forum: Investing - Help with Personal Investments
Topic: Moving to fund-of-funds - any regrets/downsides?
Replies: 9
Views: 1082

Re: Moving to fund-of-funds - any regrets/downsides?

... Congrats on being a lazy rebalancer; I'm thinking that or none at all. A couple thoughts: 1. If the portfolio is small I guess an all-in-one fund is OK, but this is really like paying a financial advisor $1000 per million per year to maintain a 60-40 for you. I'd invest that cash in cigars-and-...
by 123
Fri Nov 17, 2017 9:33 pm
Forum: Personal Consumer Issues
Topic: Replace TVs with Smart Tvs or not?
Replies: 28
Views: 1554

Re: Replace TVs with Smart Tvs or not?

We got a 4K Smart TV when our plasma passed away. We use it with a cable box and also with the built-in Netflix and Amazon apps. We have found that the smart TV is more cumbersome to use then the Blu-ray player we used previously to get Netflix and Amazon programming. The Smart TV seems to update a ...
by 123
Fri Nov 17, 2017 5:56 pm
Forum: Personal Consumer Issues
Topic: Issue with Bank of America credit card
Replies: 8
Views: 871

Re: Issue with Bank of America credit card

Don't waste any more time on the phone. Write a snail mail complaint letter and send it to the President/CEO of Bank of America with account numbers, details, money amounts, etc. Real letters often are still regarded as "more serious" then phone calls or emails. Keep a copy of the letter and sent a ...
by 123
Thu Nov 16, 2017 11:36 pm
Forum: Investing - Help with Personal Investments
Topic: Moving to fund-of-funds - any regrets/downsides?
Replies: 9
Views: 1082

Re: Moving to fund-of-funds - any regrets/downsides?

badbreath wrote:
Thu Nov 16, 2017 8:06 pm
is this in taxable or tax deferred.
My initial conversion will be on tax deferred accounts. On taxable accounts I have gains so I'm not rushing to get taxed on those, I may just use dividends and new cash to build a position in LifeStrategy Moderate Growth, likely at Vanguard.
by 123
Thu Nov 16, 2017 6:05 pm
Forum: Personal Consumer Issues
Topic: Under the sink water filter
Replies: 14
Views: 750

Re: Under the sink water filter

If your water comes from a local utility you may want to check their website to see if they've got a "water quality" test result posted. Ours has one online and I think we get a paper brochure with the bill once a year or so. Then research the numbers to see if there is something you don't like. You...
by 123
Thu Nov 16, 2017 5:47 pm
Forum: Investing - Help with Personal Investments
Topic: Moving to fund-of-funds - any regrets/downsides?
Replies: 9
Views: 1082

Moving to fund-of-funds - any regrets/downsides?

I've been doing a three fund mix in our accounts for over 10 years. Along the way I've sometimes substituted CD's and treasuries for some of the fixed income size in some accounts. I re-balance once in awhile, I'm not religious about it. I figure my asset allocation can swing 10% and it's still okay...
by 123
Thu Nov 16, 2017 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: RE sale: long close vs. bird-in-hand
Replies: 28
Views: 1803

Re: RE sale: long close vs. bird-in-hand

The long close alternative could simply be a flipper who is placing a bet that the house will appreciate in the one year period. Sure, maybe they've got a good cover story, or the story is true but it belies their real intentions. If property values decline they will simply walk away from their 3%. ...
by 123
Thu Nov 16, 2017 4:20 pm
Forum: Investing - Help with Personal Investments
Topic: RMD's when changing broker?
Replies: 5
Views: 301

Re: RMD's when changing broker?

Taking your RMD from the old broker is the easiest way. You could also look at your form 5498 for the year ending 12/31/16 and calculate it and then take it was a withdrawal from the new broker if that can happen before year end. You should also have a IRA account statement that shows the account va...
by 123
Thu Nov 16, 2017 4:07 pm
Forum: Personal Consumer Issues
Topic: Chain of command
Replies: 24
Views: 2675

Re: Chain of command

Have some fun before you move on. Make sure these personal expenses for the employee involved are recognized and recorded as payroll/compensation for personal services and added to the employee's payroll record and W-2 reporting. You could probably also file an amended W-2 for prior years. Edited to...
by 123
Thu Nov 16, 2017 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Did balance transfer check to Capital1 - got letter that they had "confidential information" that check may not be paid!
Replies: 4
Views: 1001

Re: Did balance transfer check to Capital1 - got letter that they had "confidential information" that check may not be p

The issue may not be related to you at all. They may just have experience with the account that the check and/or routing code it is drawn on and it may have a history of bad checks from folks who abused those balance transfer checks.
by 123
Thu Nov 16, 2017 2:53 pm
Forum: Investing - Help with Personal Investments
Topic: Help for semi retired friend with 8 figure savings
Replies: 68
Views: 4792

Re: Help for semi retired friend with 8 figure savings

How much are his annual expenses?

How much more would he like to have and how fast?

Is he saving for something special? What?
by 123
Wed Nov 15, 2017 10:33 pm
Forum: Personal Consumer Issues
Topic: Chain of command
Replies: 24
Views: 2675

Re: Chain of command

Is your company a profit or non-profit? Is it publicly traded or privately held? Does it have a compliance and/or audit group? Does it have an external auditor? What is the cfo's relationship to the board of directors/owners? Lots of things can impact chain of command and what is tolerable/unethical...
by 123
Wed Nov 15, 2017 7:07 pm
Forum: Personal Consumer Issues
Topic: MoviePass-Too good to be true, but it's legit.
Replies: 121
Views: 12924

Re: MoviePass-Too good to be true, but it's legit.

I'm still enjoying my MoviePass. It works great. For those that haven't tried it yet you use the MoviePass debit card in connection with a smartphone app. The smartphone app is used to check-in at a theater. The "Check-in" is to let MoviePass know that you are at the theater (the app uses GPS). Afte...
by 123
Tue Nov 14, 2017 8:46 pm
Forum: Personal Consumer Issues
Topic: Michelin or Bridgestone?
Replies: 53
Views: 2358

Re: Michelin or Bridgestone?

Michelin Defenders have always seemed to be at the top of the tire ratings in Consumer Reports for a number of years. I think I've bought three sets of them (different vehicles). But maybe they're not trendy. I agree that Costco is a good place to get tires. Only problem is if the tires are out of w...
by 123
Tue Nov 14, 2017 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Borrowing from parents - what interest rate?
Replies: 52
Views: 3416

Re: Borrowing from parents - what interest rate?

Don't do it. Be a grown-up and get a regular loan from a bank. If for some reason you can't get a loan from a bank or other commercial lender it probably means that you're not financially ready to buy a house. If you have a loan from your parents they will not respect you as much as if you had gotte...
by 123
Tue Nov 14, 2017 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Losing all of your savings.
Replies: 41
Views: 5505

Re: Losing all of your savings.

i've lost all of my savings because of stupid investments. How should I mentaly deal with situaction like this? You may be able to recover some by offsetting your other income on your tax return. Depending on your tax rate and the amount of your income you could recover a significant amount through...
by 123
Tue Nov 14, 2017 10:58 am
Forum: Personal Consumer Issues
Topic: Paying for news?
Replies: 44
Views: 2290

Re: Paying for news?

... I can't be bothered going through a complex registration process so I can give them $1/month... The ones that I've come across requesting subscriptions seem to offer you only a TRIAL month for around $1 and, if you don't cancel, then bill you their standard digital subscription price, often $10...
by 123
Mon Nov 13, 2017 10:50 pm
Forum: Investing - Help with Personal Investments
Topic: Opinion of Total Stock Market Index
Replies: 21
Views: 2241

Re: Opinion of Total Stock Market Index

It's a great fund I use it as a core holding in a number of accounts.
by 123
Mon Nov 13, 2017 10:47 pm
Forum: Personal Consumer Issues
Topic: Getting a Margaritaville beverage maker repaired.
Replies: 5
Views: 571

Re: Getting a Margaritaville beverage maker repaired.

Did you look at replacements parts online? http://www.margaritavillecargo.com/replacement-parts/key-west/ Does the gear casing connection turn when the motor is on so that you could just get a new jar assembly with collar and blades? Next time it might be a good idea to have a "designated mixer" who...
by 123
Mon Nov 13, 2017 10:34 pm
Forum: Personal Consumer Issues
Topic: Selling my house in Miami, is it smart decision?
Replies: 15
Views: 1563

Re: Selling my house in Miami, is it smart decision?

A lot depends on if you intend to move to another area or if you're downsizing in the same area or if you've decided you'd rather rent.
by 123
Mon Nov 13, 2017 9:55 pm
Forum: Investing - Help with Personal Investments
Topic: Separate Unlinked Vanguard Account
Replies: 7
Views: 510

Re: Separate Unlinked Vanguard Account

markbco wrote:
Mon Nov 13, 2017 9:45 pm
To hide money from the spouse.... Not really.... But for all intents and purposes, yes.
We'll just assume that it's for a Christmas/Holiday/Birthday gift fund (for spouse). Perfectly okay.
by 123
Mon Nov 13, 2017 6:01 pm
Forum: Personal Consumer Issues
Topic: Buying a new smartphone as a surprise gift
Replies: 8
Views: 689

Re: Buying a new smartphone as a surprise gift

The current model of iphone SE will work on all carriers. Just get an unlocked one from an Apple store or online from Apple and present it as a gift. The person who gets it can then contact Verizon to switch over to the new phone.
by 123
Mon Nov 13, 2017 5:26 pm
Forum: Investing - Theory, News & General
Topic: Are actively managed funds that claim to beat the market actually "scams"?
Replies: 29
Views: 2380

Re: Are actively managed funds that claim to beat the market actually "scams"?

The funds themselves are likely not scams. The advertising and reviews of them may just put them in the most positive light by selectively discussing some aspect of their performance for some time period. Some actively managed funds could beat the market but for how long is anyone's guess. The key t...
by 123
Sun Nov 12, 2017 5:53 pm
Forum: Personal Consumer Issues
Topic: Better way to get rid of old fridge?
Replies: 38
Views: 2344

Re: Better way to get rid of old fridge?

... $15 seems like a "no brainer" bargain. Sometimes, I have seen "curb alerts" on our neighborhood email list for such items. Then, it costs ZERO - and someone gets it for their need/use. +1 Yes $15 is a bargain indeed. It could be even a better bargain depending on how large the old refrigerator ...
by 123
Sun Nov 12, 2017 1:40 am
Forum: Personal Finance (Not Investing)
Topic: 401k - Any way to use post-tax dollars but claim tax benefit?
Replies: 3
Views: 480

Re: 401k - Any way to use post-tax dollars but claim tax benefit?

Tax benefits for the current year can only be received for traditional 401K contributions made by payroll deduction. Each employer can set a limit on 401K contribution as a percentage of salary. My current employer allows up to a 100% of compensation pre-tax contribution to 401k (of course subject t...
by 123
Sat Nov 11, 2017 12:58 am
Forum: Personal Finance (Not Investing)
Topic: Can Vanguard alert me when there is a stock spinoff?
Replies: 5
Views: 495

Re: Can Vanguard alert me when there is a stock spinoff?

There's a website that purports to give spinoff info. I don't know how reliable they are: http://www.stockspinoffs.com
by 123
Fri Nov 10, 2017 10:41 pm
Forum: Personal Consumer Issues
Topic: Interesting Career Advice
Replies: 6
Views: 1184

Re: Interesting Career Advice

This person has made themselves "redundant". This frequently happens when companies merge and certain departments that perform duplicate services are shut down and their employees laid off. It can also happen when certain types of operations and activities are automated or outsourced. Just move on t...
by 123
Fri Nov 10, 2017 12:13 pm
Forum: Investing - Theory, News & General
Topic: Do you keep anything in your portfolio as a monument to your bad decisions?
Replies: 67
Views: 4196

Re: Do you keep anything in your portfolio as a monument to your bad decisions?

I've always gotten rid of the remnants of bad decisions. Webvan crashed and burned a few months after I bought it. Eventually I got around to calling up my broker and having them buy it for $0.00 (except I had to pay the trading fee) just to get it off my statement and hide my sin. It hurt the most ...
by 123
Thu Nov 09, 2017 9:15 pm
Forum: Personal Consumer Issues
Topic: Bicycle wheels - what's a reasonable budget
Replies: 38
Views: 1755

Re: Bicycle wheels - what's a reasonable budget

If you want lighter weight to go faster it is likely easier, healthier, and cheaper to lose weight yourself then to spend $$$ to save an extraordinary small amount of weight with replacement wheels and tires.
by 123
Thu Nov 09, 2017 8:21 pm
Forum: Investing - Help with Personal Investments
Topic: Transfer Assets (Fidelity)?
Replies: 7
Views: 1131

Re: Transfer Assets (Fidelity)?

When I started investing I had accounts at individual mutual fund companies. One of the best decisions I ever made was to consolidate all the assets by moving them to a single brokerage accounts. I used Schwab at the time but Fidelity is a fine choice as well. It's nice to get things all consolidate...
by 123
Thu Nov 09, 2017 8:01 pm
Forum: Investing - Help with Personal Investments
Topic: Bogleizing Widowed Mom's Portfolio (tax considerations)
Replies: 25
Views: 1663

Re: Bogleizing Widowed Mom's Portfolio (tax considerations)

Did the holdings in the taxable account come from your father and therefore take on a new basis? If so, I'd liquidate the entire portfolio. Gill Edit: On further thought, the number of items is so very extensive I'd recommend liquidating the entire portfolio regardless. + 1 Gill is right on, as usu...
by 123
Thu Nov 09, 2017 7:02 pm
Forum: Personal Consumer Issues
Topic: Best Approach for Purchasing Many Furnishings
Replies: 27
Views: 1674

Re: Best Approach for Purchasing Many Furnishings

For the most part try to buy smaller pieces of furniture. Your first piece of living room furniture can be a recliner. Buy a love seat instead of a 10 foot sofa. Buy a small dining room table and 4 chairs instead of a set with 8 chairs and leaves. Smaller pieces provide a few benefits, they make you...
by 123
Thu Nov 09, 2017 12:27 pm
Forum: Personal Consumer Issues
Topic: Worth changing 40 gal. to 30gal. hot water tank?
Replies: 90
Views: 4650

Re: Worth changing 40 gal. to 30gal. hot water tank?

The only potential reason to downsize a water heater would be that a same-size replacement won't fit. Newer water heaters are larger due to energy efficiency and more insulation. Before I would downsize I would carefully evaluate the recovery rate. If you every sell your house having only a "baby" w...
by 123
Wed Nov 08, 2017 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: Lending Money to Business Acquaintance
Replies: 17
Views: 1238

Re: Lending Money to Business Acquaintance

I would discourage you from loaning him any money under any circumstances. It does not appear likely that it would be paid back. His only alternative would seem to be bankruptcy. He is likely loaned out to the hilt everywhere else which is likely what brought him to your doorstep. I would let the ba...
by 123
Wed Nov 08, 2017 7:36 pm
Forum: Investing - Help with Personal Investments
Topic: RMD distribution timing
Replies: 32
Views: 2468

Re: RMD distribution timing

Jill07 wrote:
Fri Oct 27, 2017 6:56 pm
If you are required to take your RMD, I think it it is best to take it in January. Consider your survivors...
+1000% We have inherited IRAs and have automatic RMDs set for them very early in the year to minimize issues for those that likely inherit them.
by 123
Wed Nov 08, 2017 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Disability & Umbrella Insurance
Replies: 4
Views: 382

Re: Disability & Umbrella Insurance

Depending on your area there may also be earthquake or flood insurance available. Oh and don't forget long term care insurance.

For many potential risks the insurance industry has come up with something to attract business.
by 123
Wed Nov 08, 2017 7:22 pm
Forum: Personal Consumer Issues
Topic: Coffee
Replies: 51
Views: 3819

Re: Coffee

Taster's Choice House Blend suits me fine. When I was some years younger I used to enjoy coffee from the machines at 10 cents a cup.
by 123
Wed Nov 08, 2017 4:15 pm
Forum: Personal Consumer Issues
Topic: Car battery?
Replies: 53
Views: 3440

Re: Car battery?

I always buy Sears 'gold' batteries. Why? - There happens to be a Sears within a 10 minute drive - The batteries are probably just as good as others - 3 year warranty (never used it, batteries always seems to die about 4-5 years later after installation) - I get tires at Sears quite often, otherwis...
by 123
Wed Nov 08, 2017 4:05 pm
Forum: Personal Consumer Issues
Topic: DIY vs work extra and pay a pro
Replies: 37
Views: 2757

Re: DIY vs work extra and pay a pro

For me its never been about the money. I can afford to hire it out and perhaps many times it might have been cheaper in the long run to do so by the time I got it done and sometimes redone correctly. For me, it is about the satisfaction of doing it myself, it is about knowing that I can't blame any...
by 123
Wed Nov 08, 2017 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Did you tell anyone you paid off your mortgage?
Replies: 328
Views: 34406

Re: Did you tell anyone you paid off your mortgage?

I'd stay pretty quiet about paying off a mortgage. When we bought our latest house for cash and friends asked about our financing we simply said that we made a good-sized down payment and then we change the subject.
by 123
Wed Nov 08, 2017 12:32 pm
Forum: Personal Consumer Issues
Topic: Car battery?
Replies: 53
Views: 3440

Re: Car battery?

I went out to my car this morning and only got a click-click-click when I turned the key. I live in a mild climate so I don't worry too much about battery failure. This fall I've been feeling a little guilty about not preemptively replacing my battery since it was over 5 years old. Well I don't have...
by 123
Tue Nov 07, 2017 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: Eye Doctor $30 to get your Rx? Is this normal?
Replies: 78
Views: 5245

Re: Eye Doctor $30 to get your Rx? Is this normal?

The Federal Trade Commission website https://www.consumer.ftc.gov/articles/0116-prescription-glasses-and-contact-lenses advises: "The FTC enforces the Eyeglass Rule and Contact Lens Rule, which give you the right to get a prescription from your eye doctor – whether you ask for it or not – at no extr...
by 123
Mon Nov 06, 2017 9:50 pm
Forum: Investing - Help with Personal Investments
Topic: Living Off Savings to Max Retirement Accounts?
Replies: 27
Views: 2712

Re: Living Off Savings to Max Retirement Accounts?

It can cause tax issues if substantially all of your assets are in tax-deferred retirement accounts due to RMD issues. While tax-deferred retirement accounts are great you do lose the benefit of lower capital gains taxes because all the distributions are taxed as regular income. A mix of regular tax...
by 123
Mon Nov 06, 2017 4:21 pm
Forum: Personal Consumer Issues
Topic: Anyone understand Permanent Press washing machine cycle?
Replies: 7
Views: 790

Re: Anyone understand Permanent Press washing machine cycle?

Someone over at sears.com whispered the following to me: A washer on permanent press will wash clothes in warm water and rinse them in cool water, maintaining a mild agitation and spin. The warm water helps relax creases while the slow spin prevents new wrinkles from forming. A permanent press cycle...
by 123
Mon Nov 06, 2017 11:52 am
Forum: Personal Finance (Not Investing)
Topic: The power of cancellation
Replies: 15
Views: 2575

Re: The power of cancellation

I've been a subscriber to SiriusXM for over 10 years but I paid the full price only for the first 2 or 3 months. Since then it's been one deal after another with some gaps in service for a few weeks or a couple months. Of course I track expiration dates on my calendar and have never been auto-renewe...
by 123
Sun Nov 05, 2017 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Best option for large foreign currency transfer
Replies: 31
Views: 2125

Re: Best option for large foreign currency transfer

airelleofmusic wrote:
Sun Nov 05, 2017 1:32 pm
Also very interested in the topic.

Maybe you can use Revolut ? For 8$ a month, you have unlimited FX transactions at the market rate.
The problem is that everyone has their own market rate. It always sounds good but the reality is sometimes somewhat different.
by 123
Sun Nov 05, 2017 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Best option for large foreign currency transfer
Replies: 31
Views: 2125

Re: Best option for large foreign currency transfer

You may have two ways you can send the funds to the USA, depending on what entity you use on foreign side. The traditional way would be to transfer foreign currency to the USA and then the receiving bank/institution would exchange it for USD and credit it to the receiving account. In the traditional...
by 123
Sun Nov 05, 2017 12:19 am
Forum: Investing - Help with Personal Investments
Topic: What to do with proceeds from liquidating large concentrated position?
Replies: 8
Views: 793

Re: What to do with proceeds from liquidating large concentrated position?

You had the money invested in a single stock when you had it tied up in the stock of your employer. If you reinvest the proceeds into a Total Stock Market fund or ETF you are essentially the same asset allocation (though you might not have been aware of it) except more diversified. Did your investme...
by 123
Sat Nov 04, 2017 11:14 pm
Forum: Personal Finance (Not Investing)
Topic: Budgeting with significant other
Replies: 26
Views: 2143

Re: Budgeting with significant other

If either one of you no longer had earnings and/or income, due to disability or some other permanent situation, would that cause the end of the economic union?