Search found 5951 matches

by sport
Mon Oct 23, 2017 9:44 am
Forum: Personal Finance (Not Investing)
Topic: How does/can Walmart offer such inexpensive prescriptions?
Replies: 87
Views: 4148

Re: How does/can Walmart offer such inexpensive prescriptions?

I think your confusion is because some PBMs charge the full copay no matter what and some charge just the pharmacy price if the copay is higher than the drug price. I believe Express Scripts does charge the higher amount while some others do not. My Part D plan uses Express Scripts. I frequently pa...
by sport
Sun Oct 22, 2017 1:12 pm
Forum: Personal Consumer Issues
Topic: Drum sets?
Replies: 10
Views: 531

Re: Drum sets?

When my children were in the high school band, a music teacher recommended this mail-order company. I bought accessories from them at good prices. https://www.wwbw.com/ Even if you do not wish to make a long-distance purchase, it should be useful for price comparisons.
by sport
Sun Oct 22, 2017 9:35 am
Forum: Investing - Theory, News & General
Topic: Mutual Fund "share price"
Replies: 22
Views: 854

Re: Mutual Fund "share price"

It's like taking a $100 check to the to the bank. The teller can give you five $20 bills, or twenty $5 bills. In either case, you get your $100 worth of cash. When you invest $100 in a mutual fund, you get $100 worth of shares.
by sport
Sat Oct 21, 2017 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Moving from one paid-for house to another
Replies: 22
Views: 1939

Re: Moving from one paid-for house to another

Thanks for the replies! We found a place we are interested in, but I need to get the detailed plan in place and am leaning towards a bridge loan. Anyone have any recommendations (or at least names) of places that offer bridge loans? Looks like this is not a product offered by big banks. I wanted a ...
by sport
Sat Oct 21, 2017 11:35 am
Forum: Personal Consumer Issues
Topic: Questions for Landlords - How clean is clean?
Replies: 37
Views: 2009

Re: Questions for Landlords - How clean is clean?

Offer her this deal: If she stops bothering you about cleanliness, you will not report her to the IRS for tax evasion.
by sport
Fri Oct 20, 2017 10:09 pm
Forum: Investing - Theory, News & General
Topic: For those near retirement and rebalanced to Bonds...
Replies: 34
Views: 3354

Re: For those near retirement and rebalanced to Bonds...

I used "age in bonds" until we reached 65% bonds. Then we kept the 65% going forward.
by sport
Fri Oct 20, 2017 9:09 pm
Forum: Investing - Help with Personal Investments
Topic: Advice on Advisor's choice of immediate variable annuity for retirement income
Replies: 21
Views: 1116

Re: Advice on Advisor's choice of immediate variable annuity for retirement income

My new advisor explained that their fees were lower, but did not explain their actual fees. ... There was also a contract signed in 2016, but it did not include any information about annuity commissions or management fees. Would you buy any other expensive product or service without knowing the pri...
by sport
Thu Oct 19, 2017 7:44 pm
Forum: Investing - Theory, News & General
Topic: For those near retirement and rebalanced to Bonds...
Replies: 34
Views: 3354

Re: For those near retirement and rebalanced to Bonds...

For most people, when you are near or in retirement, emphasis shifts from capital appreciation to capital preservation. Once you have "won the game", it does not seem to make sense to risk that situation trying for more that you don't need. I am retired and keep my allocation between 30% and 40%.
by sport
Thu Oct 19, 2017 10:29 am
Forum: Personal Consumer Issues
Topic: Pant Recommendations (Business Casual)
Replies: 31
Views: 1875

Re: Pant Recommendations (Business Casual)

Costco has some Kirkland Signature pants with a spring adjustable waist band. The spring is in the clasp. They look nice, come in 3 colors, and are $19.99. I tried to buy some, but they did not fit me.
by sport
Wed Oct 18, 2017 5:20 pm
Forum: Personal Consumer Issues
Topic: Costco auto buying service vs All State car buying services???
Replies: 12
Views: 1408

Re: Costco auto buying service vs All State car buying services???

I have used the Costco service. I consider the Costco price a starting point. You can negotiate further from there.
by sport
Wed Oct 18, 2017 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Car fund in index fun or savings?
Replies: 19
Views: 1331

Re: Car fund in index fun or savings?

I would recommend putting the money in a savings account or something similar. While you may plan on driving your current car for the next 10 years, life can happen and you may find yourself shopping for a new car next week because your current car got totaled. I agree with this. I used to use a mo...
by sport
Tue Oct 17, 2017 4:12 pm
Forum: Investing - Theory, News & General
Topic: 401(k) Rollover experience with Vanguard Question
Replies: 4
Views: 371

Re: 401(k) Rollover experience with Vanguard Question

I did this twice from my last employer. The 401k custodian insisted on sending a check to me. Vanguard told me to have the check made out to "Vanguard Fiduciary Trust Company FBO <sport>. I requested the check as instructed. When I received the check, I mailed it to Vanguard. The process was easy, a...
by sport
Tue Oct 17, 2017 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: how long did it take to get used to retirement
Replies: 95
Views: 8095

Re: how long did it take to get used to retirement

It took me five minutes. To me, the two most important benefits of retirement are 1. The freedom of not having a rigid time schedule. 2. The lack of stress. For me, enjoying the lack of stress was immediate. Now, 12 years later, I still enjoy it. I also resurrected an old hobby and have enjoyed spen...
by sport
Tue Oct 17, 2017 10:54 am
Forum: Investing - Theory, News & General
Topic: Funny book selection
Replies: 3
Views: 541

Re: Funny book selection

I hope the library had deleted that book from its collection. Otherwise, you bought a book that was stolen from the library and should be returned.
by sport
Tue Oct 17, 2017 12:38 am
Forum: Investing - Help with Personal Investments
Topic: Buying Employer Shares
Replies: 13
Views: 842

Re: Buying Employer Shares

If you buy the company stock, how long do you have to keep it? A small percentage of your portfolio in one company is not a significant problem. If you are not required to keep it too long, you can buy it at a discount and then sell it later and reinvest in whatever you wish.
by sport
Mon Oct 16, 2017 7:57 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Giving Less in Dividends than Competitors?
Replies: 13
Views: 2089

Re: Vanguard Giving Less in Dividends than Competitors?

Success in retirement investing does not come from dividends. It comes from total return. This is especially true in a 401k account. It does not matter whether a gain of one dollar is due to a dividend or a capital gain. You can spend that dollar regardless of how you earn it. Accordingly, total ret...
by sport
Fri Oct 13, 2017 7:52 am
Forum: Investing - Help with Personal Investments
Topic: VTSMX vs. VTI
Replies: 16
Views: 1369

Re: VTSMX vs. VTI

Thus the only difference between FSTVX and ITOT is the expense ratio? This is the reason you say you would use the free iShares ETF? Correct? I only use ETFs, other than my 401(k), period. I want flexibility and ETFs do the best job of that. I don't see any reason to use traditional mutual funds. I...
by sport
Thu Oct 12, 2017 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: Does IRS have equivalent of credit freeze?
Replies: 20
Views: 1428

Re: Does IRS have equivalent of credit freeze?

It would seem that the IRS could add an entry block to the tax form where they would ask you to enter your AGI (or some other value) from your previous year's tax form. That would stop a lot of fake returns immediately. This would be an inexpensive and reliable check of the validity of a return. Why...
by sport
Thu Oct 12, 2017 2:35 pm
Forum: Investing - Help with Personal Investments
Topic: Too old to invest at 70+ years?
Replies: 32
Views: 2442

Re: Too old to invest at 70+ years?

Can you afford to replace any money they might lose in the market? If so, a conservative AA such as 20/80 could make a lot of sense. So, if their investments are successful, they are ahead, and if they lose, you make it up.
by sport
Thu Oct 12, 2017 11:22 am
Forum: Investing - Theory, News & General
Topic: Schwab now offering Index funds at lower ER than Vanguard
Replies: 9
Views: 1249

Re: Schwab now offering Index funds at lower ER than Vanguard

IF the Schwab rates continue I would expect to see a competitive action from Vanguard. As I understand it, Vanguard does not "set" its expense ratios. Those ratios just reflect Vanguard's actual costs. As the size of Vanguard index funds increase, the ER will drop because the fixed costs are spread...
by sport
Wed Oct 11, 2017 4:51 pm
Forum: Personal Consumer Issues
Topic: [Prevent mail theft; sign for USPS Informed Delivery]
Replies: 187
Views: 11961

Re: [Prevent mail theft; sign for USPS Informed Delivery]

The mail shown in yesterday's email arrived today. The mail shown in today's email will probably arrive tomorrow. Earlier, mail was arriving the same day. So, sometimes it is accurate, and sometimes the mail is delayed.
by sport
Tue Oct 10, 2017 5:48 pm
Forum: Personal Consumer Issues
Topic: 2018 Honda Accord
Replies: 54
Views: 5371

Re: 2018 Honda Accord

Has anyone else been reading the reviews of the '18 Accord and/or planning to buy one? In the first head to head I've found (Motor Trend), it really outclasses the new Camry in just about every category: http://www.motortrend.com/cars/honda/accord/2018/2018-honda-accord-15t-vs-2018-toyota-camry-25-...
by sport
Sat Oct 07, 2017 4:32 pm
Forum: Personal Consumer Issues
Topic: Sent to collections by a hospital we've never been to?
Replies: 40
Views: 3355

Re: Sent to collections by a hospital we've never been to?

The OP stated that the bill they received was the "final bill" and the bill was sent to collections just before the payment arrived. The lesson to be learned from this is not to delay paying bills. It seems that if this bill has been paid in a timely manner, the entire event would have been avoided....
by sport
Sat Oct 07, 2017 2:10 pm
Forum: Personal Consumer Issues
Topic: small business car lease vs purchase a used vehicle
Replies: 5
Views: 398

Re: small business car lease vs purchase a used vehicle

I believe it is also possible to lease a used car.
by sport
Sat Oct 07, 2017 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Combining spouses separate accounts into one joint account. Any downsides?
Replies: 19
Views: 1430

Re: Combining spouses separate accounts into one joint account. Any downsides?

When we got married, we spoke to an attorney about this. He recommended separate accounts, except for a joint checking account, for the following reasons: 1. If one of us was sued for anything, the other's accounts would be not be threatened. 2. If one of us decided to make some hare-brained investm...
by sport
Sat Oct 07, 2017 10:03 am
Forum: Personal Finance (Not Investing)
Topic: RE tax question
Replies: 10
Views: 498

Re: RE tax question

If he made any "capital improvements" to the building, any money he spent on materials or outside labor would increase his cost basis. He should have receipts for these expenditures. Repairs that are not improvements do not count for this.
by sport
Fri Oct 06, 2017 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity: can no longer use first initial, middle name
Replies: 30
Views: 2545

Re: Fidelity: can no longer use first initial, middle name

A humorous version of this: I picked up a magazine in Vince's Barber Shop. The address label was addressed to "Vince B Shop".
by sport
Thu Oct 05, 2017 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: RMD Question
Replies: 30
Views: 2692

Re: RMD Question

The easy way to think about it is that the first withdrawals from an TIRA must satisfy any RMD requirement. After that, you can do anything you want. You can convert and you can withdraw. You cannot convert the RMD.
by sport
Wed Oct 04, 2017 8:25 pm
Forum: Investing - Theory, News & General
Topic: Throwing Down with a Primerica Advisor
Replies: 45
Views: 3253

Re: Throwing Down with a Primerica Advisor

Just say you are not interested, and cancel the meeting.
by sport
Wed Oct 04, 2017 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: RMD Question
Replies: 30
Views: 2692

Re: RMD Question

OK JW you have told me I am wrong but I did NOT find the answer in IRS pub 590. I looked before I posted and I just read it again in depth. I have read all the data in IRS Pub 590 and cannot find this detail. Everything I see says wait until you are 70.5 to take any distributions to make them count...
by sport
Wed Oct 04, 2017 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: RMD Question
Replies: 30
Views: 2692

Re: RMD Question

Your need to check the IRS website for more details on IRA withdrawals before you are 70.5. I am pretty sure you CANNOT take out any rmd money in the year you are 70.5 before that date and count it as rmd... So if you withdraw $10k before you are 70.5 it is taxable but does not count toward your rm...
by sport
Tue Oct 03, 2017 4:11 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Money Market - FDCXX
Replies: 8
Views: 725

Re: Fidelity Money Market - FDCXX

You should note that Vanguard does not have class A, class B, or class C shares. All their funds are no-load.
by sport
Tue Oct 03, 2017 4:09 pm
Forum: Investing - Help with Personal Investments
Topic: Taxes for taxable account
Replies: 12
Views: 1274

Re: Taxes for taxable account

Capital gains distributions are taxed at 15% (or zero) depending on your tax bracket. Qualified dividends are taxed the same as capital gains distributions. Non-qualified dividends are taxes as ordinary income. Capital gains are not taxed until you sell the holding.
by sport
Tue Oct 03, 2017 1:49 pm
Forum: Investing - Help with Personal Investments
Topic: Dumb, simple question? nonVanguard funds in Vanguard account?
Replies: 4
Views: 267

Re: Dumb, simple question? nonVanguard funds in Vanguard account?

You should also be aware that a taxable account, a TIRA account, a Roth IRA account, etc. are all separate accounts. You would have to open each of them separately.
by sport
Tue Oct 03, 2017 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Getting a better mortgage rate without refinancing?
Replies: 9
Views: 684

Re: Getting a better mortgage rate without refinancing?

About 6 months after I bought my first house, a friend did the same and got his mortgage at the same bank as I did. He got a little lower rate. I went to the bank and asked if I could get that rate too. I was told to write a letter to the mortgage dept. and request it. I sent the letter and got the ...
by sport
Tue Oct 03, 2017 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Senior citizens can lose everything [to professional guardians via court rulings]
Replies: 111
Views: 9245

Re: Senior citizens can lose everything [to professional guardians via court rulings]

IANAL, however, it seems that a trust would help to prevent such abuse. When you put your assets into a trust, you no longer own them. The trust owns them. The trust will also specify a successor trustee in case of incompetency. So, it would seem that a "guardian" would not be able to get control of...
by sport
Sun Oct 01, 2017 8:34 am
Forum: Personal Finance (Not Investing)
Topic: Moving from one paid-for house to another
Replies: 22
Views: 1939

Re: Moving from one paid-for house to another

Taking a bridge loan eliminates this problem but adds the hassle of a new loan. There will be costs of the mortgage even if you pay it off right after selling your condo. When we took out a mortgage on the new house, we got one that had no costs in exchange for a higher interest rate. Since we held...
by sport
Sat Sep 30, 2017 11:26 pm
Forum: Personal Finance (Not Investing)
Topic: Moving from one paid-for house to another
Replies: 22
Views: 1939

Re: Moving from one paid-for house to another

Here is what we did. We looked for a long time until we found exactly what we wanted. When we bought that, we took out a mortgage on the new house, and put the old house on the market. When the old house sold, we paid off the mortgage on the new house using the proceeds from the old one. We made sur...
by sport
Sat Sep 30, 2017 4:00 pm
Forum: Investing - Help with Personal Investments
Topic: How Safe are Stable Value Funds
Replies: 24
Views: 2000

Re: How Safe are Stable Value Funds

My understanding is the most stable value funds invest in a basket of very safe investments. However, a 401k plan I had at one time had a stable value fund that was 100% unsecured debt of the insurance company that administered the plan (Metropolitan). This type of stable value fund is a lot less sa...
by sport
Sat Sep 30, 2017 3:34 pm
Forum: Personal Consumer Issues
Topic: Is it a waste of money having your furnace checked every year?
Replies: 58
Views: 6018

Re: Is it a waste of money having your furnace checked every year?

True story: The old house I grew up in had a boiler and gravity radiators. As a child, it was a coal fired boiler and years later (long after I moved away after college), my father replaced it with an oil fired boiler. He did not pay attention to having it serviced regularly and there was a serious...
by sport
Sat Sep 30, 2017 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: time to transfer money to Vanguard, grumble, grumble
Replies: 28
Views: 3716

Re: time to transfer money to Vanguard, grumble, grumble

When I transferred 401k money to Vanguard, the instructions from Vanguard were to have the 401k custodian make out a check payable to "Vanguard Fiduciary Trust Company FBO <sport>". The 401k custodian mailed a check to my home, and mailed it to Vanguard with instructions on how to invest it in my TI...
by sport
Sat Sep 30, 2017 3:02 pm
Forum: Personal Consumer Issues
Topic: Is it a waste of money having your furnace checked every year?
Replies: 58
Views: 6018

Re: Is it a waste of money having your furnace checked every year?

We have the furnace inspected annually. I have it done for some assurance the furnace won't fail during the heating season. If it should fail, there is a danger of frozen pipes, toilets, etc. I consider it inexpensive insurance.
by sport
Sat Sep 30, 2017 12:27 pm
Forum: Personal Consumer Issues
Topic: I bought a car without thinking too much about value
Replies: 45
Views: 3993

Re: I bought a car without thinking too much about value

I think you did fine, except for the extended warranty that is not needed.
by sport
Sat Sep 30, 2017 12:23 pm
Forum: Personal Consumer Issues
Topic: GE Fridge Water Dispenser issue
Replies: 9
Views: 765

Re: GE Fridge Water Dispenser issue

Are you sure it is not just a blocked filter?
by sport
Sat Sep 30, 2017 5:07 am
Forum: Personal Consumer Issues
Topic: Caught by speed camera
Replies: 49
Views: 2689

Re: Caught by speed camera

If you do not pay the ticket, the state may not want to renew your vehicle registration the next time it expires. If that happens, you will have to pay anyway, plus a late fee.
by sport
Wed Sep 27, 2017 7:40 pm
Forum: Investing - Theory, News & General
Topic: VG using outsourcing to call me & I'm not happy
Replies: 76
Views: 7099

Re: VG using outsourcing to call me & I'm not happy

Perhaps the calls from "windows technical department" with an Indian accent has sensitized people to such calls.
by sport
Wed Sep 27, 2017 7:15 pm
Forum: Investing - Theory, News & General
Topic: RMD tax strategy if only SS + retirement accounts
Replies: 31
Views: 1678

Re: RMD tax strategy if only SS + retirement accounts

^ Hmm. This is news to me; I agree with sport. My mom doesn't have any taxes taken out of her social security check and pays the year's taxes with her December 1 RMD. Every April, having received her "total tax" amount for the prior year, she arranges to have that same amount taken out of the curre...
by sport
Wed Sep 27, 2017 6:52 pm
Forum: Investing - Theory, News & General
Topic: RMD tax strategy if only SS + retirement accounts
Replies: 31
Views: 1678

Re: RMD tax strategy if only SS + retirement accounts

I have been receiving SS payments for 12 years. I never had them withhold anything. This was never a problem. I now pay all the taxes by withholding from pension and from RMD.
by sport
Wed Sep 27, 2017 4:48 pm
Forum: Investing - Theory, News & General
Topic: RMD tax strategy if only SS + retirement accounts
Replies: 31
Views: 1678

Re: RMD tax strategy if only SS + retirement accounts

Two comments: 1.Once you reach the age of 70.5, you are eligible to make QCD donations to charities. This counts towards your RMD, but is not taxable. You cannot do this until you are actually 70.5. 2. You do not say who your IRA custodian is. However, Vanguard will withhold income taxes for some st...