Search found 7091 matches

by 123
Thu Apr 22, 2021 1:03 am
Forum: Personal Finance (Not Investing)
Topic: Should a trust always allow for a change of successor trustee?
Replies: 10
Views: 564

Re: Should a trust always allow for a change of successor trustee?

Beneficiaries could likely go to court and try to convince a judge to approve whatever change is needed. That could involve a considerable expense without a guarantee of success.
by 123
Wed Apr 21, 2021 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: Moving money between 2 banks?
Replies: 14
Views: 987

Re: Moving money between 2 banks?

Writing myself a check has worked very well when transferring funds from a brokerage account to a local brick and mortar branch. I deposit it at an ATM and it has routine holds.
by 123
Wed Apr 21, 2021 4:22 pm
Forum: Investing - Theory, News & General
Topic: vanguard lifestyle funds
Replies: 6
Views: 683

Re: vanguard lifestyle funds

... if something happens to me my wife won't have to worry about fund management and can just basically make one phone call to vanguard. +1 This was my rationale for using funds-of-funds in our retirement accounts. If you want 60/40 stocks/bonds you can use Vanguard LifeStrategy Moderate Growth (VS...
by 123
Wed Apr 21, 2021 4:01 pm
Forum: Personal Investments
Topic: Is Prudential worth it?
Replies: 28
Views: 1531

Re: Is Prudential worth it?

You could do it yourself (or use PAS) with Vanguard and save quite a bit on the expense ratios.

If you like your Prudential Guy/Gail you can still gift him/her up to $15K a year, you're kind of doing that now.
by 123
Wed Apr 21, 2021 3:51 pm
Forum: Personal Investments
Topic: I invest in 10 Vanguard funds. How should I consolidate this mess?
Replies: 20
Views: 1853

Re: I invest in 10 Vanguard funds. How should I consolidate this mess?

dan7800 wrote: Wed Apr 21, 2021 3:47 pm ...2) reinvest all cap gains and dividend into vti/vxus
+1 Agree. Stop automatic reinvestment on the funds you don't want to keep and redirect those dividends into the funds you want to hold onto.
by 123
Wed Apr 21, 2021 3:48 pm
Forum: Personal Consumer Issues
Topic: 12 year boat loan!
Replies: 29
Views: 2491

Re: 12 year boat loan!

I thought boat loans were primarily for financial advisers so they could get their yachts...
by 123
Wed Apr 21, 2021 2:40 pm
Forum: Personal Investments
Topic: Local Bank "Managed" Traditional IRA - Run Away Now?
Replies: 9
Views: 618

Re: Local Bank "Managed" Traditional IRA - Run Away Now?

...For reasons unknown to this family member, the local bank representative thought it was appropriate to place this modest nest egg into a managed account with a 0.4% quarterly AUM fee, all to hold 95% of the portfolio in various Vanguard bond funds.... Perhaps the local bank representative needed...
by 123
Tue Apr 20, 2021 9:16 pm
Forum: Personal Consumer Issues
Topic: Advice on repeated credit card fraud
Replies: 15
Views: 1559

Re: Advice on repeated credit card fraud

The update service provided by many credit card issuers to merchants is likely to blame. I had fraudulent charges posted to a credit card account by a major ride-share company (I have never used such services). I called the bank and they removed the charges, canceled the card number, and issued me a...
by 123
Tue Apr 20, 2021 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Closing Costs
Replies: 22
Views: 1592

Re: Closing Costs

A lot of the charges will vary based on the purchase price of the property and/or the loan amount. They could be excessive for a property selling for $250K but a bargain for a $10 million property.
by 123
Tue Apr 20, 2021 3:06 pm
Forum: Personal Consumer Issues
Topic: Sale of Expensive Home--Limit Showing
Replies: 34
Views: 3243

Re: Sale of Expensive Home--Limit Showing

You are still in the mind frame of "my home". When you move on to "the house I used to live in" mindset you will likely want to dispose of it ASAP without any restrictions. All that depends on you deciding, accepting, and welcoming where you next residence will be.
by 123
Tue Apr 20, 2021 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: How Long Would You Stay in a Boring Government Job?
Replies: 109
Views: 6222

Re: How Long Would You Stay in a Boring Government Job?

... we are expecting in August... The arrival of a child (or a 2nd child etc) can dramatically alter your, and your spouse's priorities. I would not plan to do anything different until perhaps a year after the child's birth. A child may make the required 8 - 4 routine more intolerable, or you may f...
by 123
Mon Apr 19, 2021 11:12 pm
Forum: Personal Consumer Issues
Topic: Raised Garden Beds - Building Material
Replies: 62
Views: 4107

Re: Raised Garden Beds - Building Material

Some very nice looking stuff here, and prices are hard to beat when comparing against cedar - https://www.metalgardenbeds.com/ Thank you very much for posting this. I have used cedar in the past but I saw an Australian gardening show on cable TV that used metal raised beds that I think I would like...
by 123
Mon Apr 19, 2021 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking advice about selling my home and buying another home
Replies: 2
Views: 427

Re: Seeking advice about selling my home and buying another home

Depending on the general trends on housing prices and loans in your area it might be difficult to get a small loan for $50K. Potentially you may get charged a higher rate. There are certain costs in loan origination and processing that make small loans more costly. You might want to call a few local...
by 123
Mon Apr 19, 2021 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: Feedback on First Republic Bank
Replies: 10
Views: 905

Re: Feedback on First Republic Bank

They seem to be expanding and focusing on wealthy areas. They have a presence in the SF Bay Area but I don't think you'll find their branches in any poor neighborhoods. Their marketing seems to emphasis a personal relationship between the customer and his banker, they want to take care of their cust...
by 123
Mon Apr 19, 2021 11:39 am
Forum: Personal Consumer Issues
Topic: downsize or remodel
Replies: 10
Views: 661

Re: downsize or remodel

If the cost of the remodel is less than 10% - 15% of the market value of the home you are probably better off remodeling from a financial perspective. Real estate commissions, closing costs, and the incidental costs of moving (including things like potential new appliances and window coverings for n...
by 123
Sun Apr 18, 2021 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: Should I continue with Group Universal Life (ex-employer)?
Replies: 6
Views: 416

Re: Should I continue with Group Universal Life (ex-employer)?

Generally typical group coverage that you get through an employer becomes much more expensive when you are no longer an employee and you convert it to an individual policy. Generally the only people that hold onto it are those that cannot get insurance elsewhere due to age or medical factors. Howeve...
by 123
Sun Apr 18, 2021 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Personal liability for filing complaint for financial adviser?
Replies: 51
Views: 4288

Re: Personal liability for filing complaint for financial adviser?

...We wrote a complaint up on Google and Yelp... I think you are more at-risk from a complaint on Google or Yelp that can be traced to you than you are from a formal complaint to a government agency like FINRA. You could also write a letter of complaint to the Director of Regulatory Compliance at S...
by 123
Sun Apr 18, 2021 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Would a Shift to Primarily WFH Affect Promotion Opportunity?
Replies: 32
Views: 2037

Re: Would a Shift to Primarily WFH Affect Promotion Opportunity?

If you are primarily WFH you have much less visibility and presence than someone who is on-site every day. Assuming there is nothing about your on-site presence that detracts from your professional creditability you are far better competitor for promotional opportunities when you have been on-site. ...
by 123
Sun Apr 18, 2021 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Do I still need life insurance?
Replies: 20
Views: 1983

Re: Do I still need life insurance?

If you have sufficient assets to retire within 1 year (and you can do that based on your expense level) then I would presume that life insurance on you is largely unnecessary since the intent of life insurance is generally to replace a stream of income lost due to a death of a breadwinner in the hou...
by 123
Sat Apr 17, 2021 10:56 pm
Forum: Personal Consumer Issues
Topic: Electric Shaver Replacement Head Replacements?
Replies: 14
Views: 972

Re: Electric Shaver Replacement Head Replacements?

Not long ago I bought a new electric razor for shaving. Philips Norelco Shaver 3500 S3212/82... Phillips Norelco has a 2 year warranty on their shavers. Contact the manufacturer for a replacement under the terms of the warranty. If you are outside the Amazon return period you have to deal with the ...
by 123
Sat Apr 17, 2021 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: What are some less-stressful finance/accounting jobs for semi-retiree/retiree?
Replies: 5
Views: 745

Re: What are some less-stressful finance/accounting jobs for semi-retiree/retiree?

You could contact a temporary placement agency, like a Robert Half, for possible opportunities. Robert Half does a lot of pre-screening of both employer and potential employee so matches can be pretty good. You can get temporary assignments to check the employer out.
by 123
Sat Apr 17, 2021 10:25 pm
Forum: Personal Consumer Issues
Topic: Temp change in remote location - tell employer?
Replies: 35
Views: 2885

Re: Temp change in remote location - tell employer?

You should likely at least mention it (perhaps in passing) to your manager. Depending on the employer they may have mechanisms that monitor and detect your ip address. A different ip address could raise an issue or a security exception, depending on the employer. If you always access your employer t...
by 123
Thu Apr 15, 2021 9:30 pm
Forum: Personal Consumer Issues
Topic: Hoover Vacuum Problem (Mystery Solved)
Replies: 21
Views: 1272

Re: Hoover Vacuum Problem

At 23 years of age many of the critical parts are undoubtedly made of plastic. Possibly a sturdy plastic but plastic none the less. Twenty-three years for the plastic to warp, dry out, and crack.

I see a new vacuum in your future.
by 123
Thu Apr 15, 2021 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: Another home insurance rant - do you really give them all that info?
Replies: 13
Views: 1281

Re: Another home insurance rant - do you really give them all that info?

Insurance companies have figured out that some people are more "unlucky" than others as far as likelihood of filing claims so the personal information is one thing they use to check credit information and other sources (including various claim history consolidators). If they don't have it ...
by 123
Thu Apr 15, 2021 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Advantage - What's the Deal?
Replies: 129
Views: 8336

Re: Medicare Advantage - What's the Deal?

My understanding is that Medicare Advantage plans get payment from Medicare for "taking care" of Medicare enrollees. That payment is monthly and can be based on the how the enrollee is stratified based on certain health care and medical issue criteria. If the insurance company (or HMO) man...
by 123
Wed Apr 14, 2021 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: Unknown phone numbers on credit reports?
Replies: 13
Views: 1263

Re: Unknown phone numbers on credit reports?

JS-Elcano wrote: Wed Apr 14, 2021 12:05 pm ...but today I found two telephone numbers that I don't recognize on two of my reports. My correct phone numbers were there too...
I would be tempted to call them and find out who answers them, perhaps asking to speak to "JS-Elcano".
by 123
Wed Apr 14, 2021 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: When to take Social Security
Replies: 13
Views: 1329

Re: When to take Social Security

If you have concerns about "rule changes" for Social Security you should likely take benefits as early as possible. If the rules change they can't take away what you have already received.
by 123
Tue Apr 13, 2021 7:12 pm
Forum: Personal Investments
Topic: Getting Rid of Old Investments
Replies: 6
Views: 872

Re: Getting Rid of Old Investments

You could be surprised at how advantageous the treatment of long-term capital gains can be compared to regular income for tax purposes. Great time to sell when the market is generally high now (of course the index you likely buy is high as well). Sometimes it's a good thing to pay taxes, better than...
by 123
Tue Apr 13, 2021 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: ACH Deposit received without routing and account number
Replies: 10
Views: 1447

Re: ACH Deposit received without routing and account number

My guess is that the phone number provided the linkage necessary to direct the payment to your Alliant account through whatever service the credit unions operate. (Particularly if it was a mobile number.) From my perspective it's presumptuous of them to assume that routing the payment directly to yo...
by 123
Tue Apr 13, 2021 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: Former employer won't change my employment status with 401k provider
Replies: 13
Views: 1081

Re: Former employer won't change my employment status with 401k provider

Fidelity is likely powerless to do anything to change your status without action and approval by your former employer. It might be helpful to contact the former employer and ask about your 401K status. They might have rules or procedures pertaining to vesting or periodic audits of the plan that use ...
by 123
Tue Apr 13, 2021 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: First child entering college in the fall... need some advice
Replies: 186
Views: 11950

Re: First child entering college in the fall... need some advice

At your household income level of $250K with only one child in college at a time I don't see any financial aid coming your direction. Assets not included on the initial post could further diminish opportunities for assistance. Congratulations on your self-sufficiency.
by 123
Tue Apr 13, 2021 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Medicare - just A + B?
Replies: 31
Views: 2288

Re: Medicare - just A + B?

When my uncle signed up for Medicare A+B he switched from an expensive Kaiser HMO plan that he had under COBRA to a Kaiser Medicare Advantage Plan. Kaiser seems to have Medicare Advantage Plans in many of their service areas but the prices vary. When he signed up we found that the plan was free in p...
by 123
Tue Apr 13, 2021 10:26 am
Forum: Personal Consumer Issues
Topic: 10+ year old used cars?
Replies: 64
Views: 5172

Re: 10+ year old used cars?

New cars are not important to us but I am too lazy to shop for a used car, it seems to require too much mental energy to evaluate all possible issues. So I always buy new and keep, it's easy to get 15 - 20 years out of a Toyota. With a couple of cars around the house a whiff of the new car smell eve...
by 123
Mon Apr 12, 2021 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: Defined Benefit Pension Plan
Replies: 32
Views: 1804

Re: Defined Benefit Pension Plan

This is a great way to turn potential long-term capital gains tax gains into ordinary income. I suspect you could afford to buy-and-hold. And you are doing this to save taxes?
by 123
Mon Apr 12, 2021 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Strategy for passing your Digital Assets upon your death?
Replies: 30
Views: 1821

Re: Strategy for passing your Digital Assets upon your death?

For financial accounts they are all set up as joint tenancy or with beneficiaries. We get paper statements for the primary purpose of any survivor to be able to identify accounts and their status. Spouse isn't very interested in it but I prepare a semi-annual spreadsheet listing all accounts, balanc...
by 123
Mon Apr 12, 2021 12:27 am
Forum: Personal Consumer Issues
Topic: What do you do with well worn clothing?
Replies: 39
Views: 3238

Re: What do you do with well worn clothing?

Our local trash service, operated by Recology, has recycling options for lots of things. For worn clothing, rags, towels, fabrics etc we are supposed to put them in a large clear plastic bag and place them in our blue recycling bin. You may want to check with your trash service to see what recycling...
by 123
Sun Apr 11, 2021 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Transfer out from E-Trade and consolidate with Vanguard, or not?
Replies: 16
Views: 893

Re: Transfer out from E-Trade and consolidate with Vanguard, or not?

With $5M+ in assets you may be better off consolidating at Fidelity or Schwab just due to the decline in Vanguard customer service that has been noted consistently in various posts. Of course the one advantage that Vanguard has as an consolidation brokerage is that in the event of a death of an acco...
by 123
Sun Apr 11, 2021 8:22 pm
Forum: Personal Consumer Issues
Topic: Would (did) you preemptively replace your Roof Shingles
Replies: 51
Views: 3488

Re: Would you preemptively replace your Roof

We did a gut remodel on a house before we moved in. The existing roof probably had at least 5 - 10 years of life left but we didn't want to have to possibly deal with the roof replacement time symptoms (leaks) after moving in. Preemptively replacing the roof helped us to sleep well at night.
by 123
Sun Apr 11, 2021 3:51 pm
Forum: Personal Consumer Issues
Topic: Marantec: Are Rolling Code Garage Door Openers Really Necessary?
Replies: 10
Views: 1100

Re: Marantec: Are Rolling Code Garage Door Openers Really Necessary?

I've anchored on a Marantec Synergy 370B DC belt drive because it is supposedly the quietest garage door opener available today. But it doesn't have a rolling code feature which has been standard on Genie and LiftMaster/Chamberlain openers for decades ... My read of their technology pagehttps://www...
by 123
Sun Apr 11, 2021 2:31 pm
Forum: Personal Investments
Topic: transfer betterment to vanguard?
Replies: 11
Views: 1010

Re: transfer betterment to vanguard?

...Lessons learned:... 2. don't "experiment" with relatively new brokers i.e. Betterment, who do not have a proven business model (hence their periodic increases in fees). +1 With the rapid development of financial technologies we see a lot of start-ups offering very innovative services a...
by 123
Sun Apr 11, 2021 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Financing to Purchase Law Firm
Replies: 45
Views: 3709

Re: Financing to Purchase Law Firm

I'm not a lawyer but I appreciate the business side of various enterprises. In this situation I would guess that likely half of the purchase price is based on the intangible "goodwill" of the enterprise, it's reputation and brand. That's likely that part that it's hard to get financing for...
by 123
Sun Apr 11, 2021 11:20 am
Forum: Personal Consumer Issues
Topic: USPS Delivery issues
Replies: 35
Views: 2565

Re: USPS Delivery issues

I have found that USPS performs excellent for me when I send regular first class mail. It is fast and fairly inexpensive. When I've used tracking or a service like Priority Mail, which sometimes you may need to, I've often been disappointed. From my experience there's a certain magic, mysteriousness...
by 123
Sat Apr 10, 2021 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Theory: The Only Four Situations Justifying Debt
Replies: 103
Views: 7046

Re: Theory: The Only Four Situations Justifying Debt

...3. Beating a deadline to make retirement contributions or repayments... If you have to borrow to contribute to a retirement plan or make a repayment you are a lost cause. This situation is clear evidence of a lack of planning and budgeting that is likely an on-going chronic condition. Borrowing ...
by 123
Fri Apr 09, 2021 11:14 pm
Forum: Personal Finance (Not Investing)
Topic: Financing to Purchase Law Firm
Replies: 45
Views: 3709

Re: Financing to Purchase Law Firm

Unless you've got the cash, or other assets that can serve as collateral, it would seem that it might be more economically feasible to hang out your own new independent shingle elsewhere. Do you have any other professional colleagues, either at the firm or elsewhere, who have significant assets and ...
by 123
Fri Apr 09, 2021 11:00 pm
Forum: Personal Consumer Issues
Topic: Electric water heater for a confined space
Replies: 20
Views: 1262

Re: Electric water heater for a confined space

Ask your condo HOA president or member of the governing board. The same battle has likely been dealt with in other units and they may be able to give you some guidance about what works and what doesn't. Some condo associations have relationships with plumbers who are familiar with how their plumbing...
by 123
Fri Apr 09, 2021 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: In-Laws' HOA demanding $8000 lumpsum payment
Replies: 91
Views: 10547

Re: In-Laws' HOA demanding $8000 lumpsum payment

Another potential deep-pocket to consider is the real estate agents and/or brokers involved on both the buyer's and seller's side.

If it was a "for sale by owner" (FSBO) this is one of the risks the buyer may potentially have to bear.
by 123
Fri Apr 09, 2021 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security decsion
Replies: 21
Views: 2344

Re: Social Security decsion

...is there any reason either one should take Social Security before they are forced to do so because of age? No one is every forced to take Social Security. You can totally ignore it if you wish. You can sign up for Medicare at 65 without signing up for monthly benefits. If you want part B of Medi...
by 123
Fri Apr 09, 2021 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: Help with making large mortgage principal payment
Replies: 9
Views: 786

Re: Help with making large mortgage principal payment

Send a check in the mail with a note on the check and a separate letter with the check that it is an extra payment to be applied to the principal of the loan. Or you could contact your mortgage servicer and ask them for the method that works best with them. Sending a paper check is the only pay to c...
by 123
Fri Apr 09, 2021 3:31 pm
Forum: Personal Consumer Issues
Topic: The Great Swing Set Dilemma
Replies: 56
Views: 4583

Re: The Great Swing Set Dilemma

I guess somebody still makes simply swingshttps://www.amazon.com/KLB-Sport-Frame-Metal-Swing/dp/B07TF56G1B/ref=sr_1_46?dchild=1&keywords=swing+set&qid=1617999538&sr=8-46 I'd suggest a simple swing (preceding link) and a playhouse like https://www.amazon.com/Backyard-Discovery-Timberlake-...
by 123
Fri Apr 09, 2021 12:35 am
Forum: Personal Investments
Topic: Help! Vanguard lost my money in a 403b trustee transfer
Replies: 9
Views: 1660

Re: Help! Vanguard lost my money in a 403b trustee transfer

If the third party administrator for the 403b plan is Newport Group on both sides of the transfer you should focus your efforts on them. I suspect Vanguard is just the custodian and that all the paperwork goes through the Newport Group as the administrator of the plans. You likely need to hold Newpo...