Search found 6250 matches

by sport
Tue Jan 23, 2018 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Is this too much for us?
Replies: 8
Views: 735

Re: Is this too much for us?

Now that you know you can conceive, perhaps there will be more than one child in the future. There will also be a variety of new expenses going forward, such as expenses for sports or music lessons (and an instrument or two). Longer term, there will be college expenses to account for. IMO, it would ...
by sport
Tue Jan 23, 2018 2:57 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking of leaving my IRA split between my wife and sons
Replies: 6
Views: 385

Re: Thinking of leaving my IRA split between my wife and sons

If you leave a traditional IRA to a spouse, the spouse has a choice. They can keep the IRA as an inherited IRA with the associated RMDs, or they can roll over the inherited IRA into their own IRA with its RMD requirements. Anyone other than a spouse has to keep the IRA as an inherited IRA with its R...
by sport
Mon Jan 22, 2018 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Difference between AUM fee and fees included in the expense ratio
Replies: 7
Views: 355

Re: Difference between AUM fee and fees included in the expense ratio

Stuff like loads and 12b-1 are hidden in the ER. Actually, loads are in addition to the ER of a mutual fund. Sometimes, if there is an AUM fee, the loads may be reduced or eliminated, but not always. My understanding, and please correct me if I'm wrong, is that 12b-1 fees are also "in addition" to ...
by sport
Mon Jan 22, 2018 8:34 pm
Forum: Investing - Help with Personal Investments
Topic: Selling Company Stock
Replies: 1
Views: 145

Re: Selling Company Stock

If you make charitable contributions, you can use appreciated stock instead of cash. If you have held the stock more than one year, you can deduct the appreciated value of the shares and the charities pay no taxes on the gains.
by sport
Mon Jan 22, 2018 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of living comparison (HCOL vs LCOL)
Replies: 62
Views: 3383

Re: Cost of living comparison (HCOL vs LCOL)

If you want to make a meaningful comparison between an HCOL and a LCOL area, you need to be specific about the two areas. I will use Ohio as an example because I am familiar with it. Compared to Silicon Valley, NYC, Boston or, Washington DC, Cleveland is a LCOL area. However, other places in Ohio ha...
by sport
Mon Jan 22, 2018 7:46 pm
Forum: Investing - Theory, News & General
Topic: Backdoor Roth / step-transaction doctrine news: [Congress recognizes process]
Replies: 31
Views: 1855

Re: "Congress put its stamp of approval on [backdoor Roth]" - Forbes

Gronnie wrote:
Mon Jan 22, 2018 7:30 pm
So why don't they just explicitly remove the income restriction?
It's the government. It doesn't have to make sense.
by sport
Mon Jan 22, 2018 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: Difference between AUM fee and fees included in the expense ratio
Replies: 7
Views: 355

Re: Difference between AUM fee and fees included in the expense ratio

David Jay wrote:
Mon Jan 22, 2018 7:32 pm
Stuff like loads and 12b-1 are hidden in the ER.
Actually, loads are in addition to the ER of a mutual fund. Sometimes, if there is an AUM fee, the loads may be reduced or eliminated, but not always.
by sport
Sun Jan 21, 2018 5:58 pm
Forum: Personal Consumer Issues
Topic: Medical Appointment Cancellation Policies/Fees
Replies: 36
Views: 1980

Re: Medical Appointment Cancellation Policies/Fees

Or what about the new patient that doesn’t show up the 15 minutes before their appointment time to fill out paperwork and get their insurance and demographic info put into the system? They need to have their health history, meds, surgeries, allergies, etc put into the computer and then I still need...
by sport
Sun Jan 21, 2018 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Insurance - Replacement Cost
Replies: 9
Views: 508

Re: Insurance - Replacement Cost

If the house is a total loss, insurance will pay for demolition, removal of the wreckage, and the cost to completely rebuild. This is a different calculation than buying the house in the first place.
by sport
Sun Jan 21, 2018 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Anyone at Goldman Sachs/Marcus bank 1.5%?
Replies: 27
Views: 2432

Re: Anyone at Goldman Sachs/Marcus bank 1.5%?

Vanguard Money Market Prime fund has an SEC yield of 1.44% and I don't need to chase around to other companies. The only thing missing is FDIC. Simple is good.
by sport
Sat Jan 20, 2018 11:20 pm
Forum: Personal Finance (Not Investing)
Topic: Can Roth conversions count as RMDs?
Replies: 27
Views: 1688

Re: Can Roth conversions count as RMDs?

spammagnet wrote:
Sat Jan 20, 2018 10:50 pm
celia wrote:
Sat Jan 20, 2018 9:01 pm
If you don't need the RMD, you can always give it to charity by following Qualified Charitable Donation (QCD) rules, then convert. Neither you nor the charity will have to pay taxes on the QCD.
Did that change in any way with the new tax law?
No. The rules for QCDs remain the same.
by sport
Sat Jan 20, 2018 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: Partial RMD for QCD?
Replies: 7
Views: 297

Re: Partial RMD for QCD?

You can do this, but the IRA custodian must write the check to the charity. If the check is written to you, you cannot give some of it to a charity and claim it is a QCD. To clarify: The check made out to the charity can be sent to you and you can then present (or mail) the check to the charity. Is...
by sport
Sat Jan 20, 2018 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Partial RMD for QCD?
Replies: 7
Views: 297

Re: Partial RMD for QCD?

You can do this, but the IRA custodian must write the check to the charity. If the check is written to you, you cannot give some of it to a charity and claim it is a QCD.
by sport
Sat Jan 20, 2018 3:14 pm
Forum: Personal Consumer Issues
Topic: New Brake Pads
Replies: 64
Views: 3446

Re: New Brake Pads

Who quoted, a dealer or independent mechanic?
by sport
Sat Jan 20, 2018 1:46 am
Forum: Investing - Help with Personal Investments
Topic: Buying a CD at Vanguard
Replies: 5
Views: 1063

Re: Buying a CD at Vanguard

Why Vanguard? Ally and others usually offer better rates (I think)... Ally will give you a higher rate if it increases within 10 days of the start. They also offer no penalty CDs. Thanks for the reply. However, I did not ask where I should buy CDs. It would be more helpful if you could answer the q...
by sport
Fri Jan 19, 2018 10:24 pm
Forum: Investing - Help with Personal Investments
Topic: Buying a CD at Vanguard
Replies: 5
Views: 1063

Re: Buying a CD at Vanguard

I thought this would be an easy question and someone would be able to answer it before too long. Is it really that difficult a question?
by sport
Fri Jan 19, 2018 3:09 pm
Forum: Investing - Help with Personal Investments
Topic: Buying a CD at Vanguard
Replies: 5
Views: 1063

Buying a CD at Vanguard

I just purchased a new-issue CD at Vanguard. The confirmation states "New-issue CD orders will remain open until the end of the order period, generally two to three days before first settlement". The settlement date for my purchase is 1/31/2018. If CD rates increase while my order remains open, am I...
by sport
Thu Jan 18, 2018 9:36 pm
Forum: Personal Consumer Issues
Topic: Costco Citi removing Foreign Transaction Fees; No Fee/Reimbursed Fee International ATM; ; Free International Data
Replies: 38
Views: 3752

Re: Costco Citi removing Foreign Transaction Fees; No Fee/Reimbursed Fee International ATM; ; Free International Data

The only thing is that the Citi Costco VISA rewards can only be redeemed at Costco, while Chase offers many more options. Yes, you have to take the rebate certificate to Costco. However, you do not need to spend the rebate there. Costco will give you cash for the rebate certificate. Although it has...
by sport
Wed Jan 17, 2018 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: How will or might nonprofits be affected by tax law changes?
Replies: 36
Views: 1806

Re: How will or might nonprofits be affected by tax law changes?

It seems that many (most) people will no longer itemize their deductions. So, donations will be more "expensive" for these people. It would seem to follow that donations will decrease. The question is to what extent?
by sport
Wed Jan 17, 2018 1:43 pm
Forum: Personal Consumer Issues
Topic: Over-the-range Microwave recommendations
Replies: 9
Views: 389

Re: Over-the-range Microwave recommendations

We had a fancy GE unit with a touch screen control panel. It was fine until the panel failed. The replacement part would cost more than a new oven, so we bought a new Whirlpool instead. It is a fancier model than your budget allows. We are happy with it.
by sport
Wed Jan 17, 2018 1:37 pm
Forum: Investing - Help with Personal Investments
Topic: Separate Fund for Retirement Health Expenses, or Not?
Replies: 3
Views: 194

Re: Separate Fund for Retirement Health Expenses, or Not?

When I first retired, our maximum out of pocket was $4000 per person per year. So, I kept an extra 8K as part of my emergency fund. The insurance I have now has $1500 maximum OOP per person per year. That is low enough that I don't concern myself about it.
by sport
Wed Jan 17, 2018 12:48 pm
Forum: Personal Consumer Issues
Topic: Trying to help acquaintence - medicare costs
Replies: 75
Views: 2726

Re: Trying to help acquaintence - medicare costs

Our Aetna MA plan includes Part D. Aetna has stated that if we choose any other Part D plan (we get solicitations every year) we will be kicked out of the medical insurance part of the Aetna MA plan, as well as the Part D. So, if you like the medical insurance, don't try to change the Part D.
by sport
Tue Jan 16, 2018 2:07 pm
Forum: Investing - Theory, News & General
Topic: rebalancing
Replies: 5
Views: 399

Re: rebalancing

An additional option would be to rebalance into a bond fund with a shorter duration than Total Bond. If/when interest rates increase, the impact on the net asset value of the bond fund would be less. However, if short term interest rates increase and longer ones do not, this might not be true.
by sport
Tue Jan 16, 2018 2:04 pm
Forum: Investing - Help with Personal Investments
Topic: Is it reasonable to try to time the I-Bond market?
Replies: 13
Views: 1225

Re: Is it reasonable to try to time the I-Bond market?

If you think the I bond rate will be increasing, you have an additional opportunity to time the purchase. As you mentioned, the rates reset in May. However, they reset again in November. So, if the November rate may be higher than the May rate. Then again, it might be the same, or even lower. There ...
by sport
Mon Jan 15, 2018 9:13 pm
Forum: Investing - Help with Personal Investments
Topic: CDs & Savings as a substitute for bonds or bond funds
Replies: 20
Views: 2284

Re: CDs & Savings as a substitute for bonds or bond funds

Yeah, reinvestment of interest is a nice advantage of direct CDs. In addition to the automatic reinvestment of interest, some direct CDs automatically roll over to a new CD of the same maturity. This is a bad feature if the new rate is not competitive (perhaps by design) and requires the investor t...
by sport
Mon Jan 15, 2018 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: Owning house in a trust?
Replies: 17
Views: 1780

Re: Owning house in a trust?

First time homebuyer. When seller signed the contract it was signed “John Smith, not individually but solely as Trustee of the John Smith Revocable Trust.” What is advantage of owning a home within an individual trust? When DW and I had trusts drawn up, the attorney advised keeping the house out of...
by sport
Mon Jan 15, 2018 7:39 pm
Forum: Investing - Help with Personal Investments
Topic: CDs & Savings as a substitute for bonds or bond funds
Replies: 20
Views: 2284

Re: CDs & Savings as a substitute for bonds or bond funds

Yeah, reinvestment of interest is a nice advantage of direct CDs. In addition to the automatic reinvestment of interest, some direct CDs automatically roll over to a new CD of the same maturity. This is a bad feature if the new rate is not competitive (perhaps by design) and requires the investor t...
by sport
Mon Jan 15, 2018 7:22 pm
Forum: Personal Consumer Issues
Topic: Will IRS make paper tax forms available?
Replies: 23
Views: 1404

Re: Will IRS make paper tax forms available?

I also dislike the new IRS website. There seems to be some conspiracy afoot to redesign formerly workable websites into unusable messes designed to look like they're for preschoolers. I understand this format looks better on a smartphone. While they're at it, they use faint thin type so the new web...
by sport
Sun Jan 14, 2018 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: What unexpected emergencies require sizeable emergency cash funds available immediately in a checking account?
Replies: 93
Views: 7292

Re: What unexpected emergencies require sizeable emergency cash funds available immediately in a checking account?

I had a situation where the direct deposit of my pay check was bounced by the bank. I was an employee of that company for several years at that time and the direct deposit had always worked fine at that bank. Since I was expecting the money to arrive on pay day, I had written checks and mailed them ...
by sport
Sun Jan 14, 2018 3:40 pm
Forum: Personal Consumer Issues
Topic: Pre-purchase inspection: dealership or private mechanic?
Replies: 17
Views: 1191

Re: Pre-purchase inspection: dealership or private mechanic?

Would a dealer assign their most experienced technician to a job like this, or would they give it to "the new guy"? If they find anything wrong, you will just return the car, and the dealer will not get to do the repair. Either way, the dealer will not have much incentive to do a thorough job.
by sport
Sun Jan 14, 2018 2:20 pm
Forum: Personal Consumer Issues
Topic: Almost a pathological fear of debt, to my detriment?
Replies: 79
Views: 4512

Re: Almost a pathological fear of debt, to my detriment?

Off topic here, but I honestly believe housing prices are partly insane because of mortgages, which are a 'social accepted' means of financial engineering. In a world where mortgages would be illegal, housing prices would be farrrr lower than what they are now and much more reasonable to fully pay ...
by sport
Sun Jan 14, 2018 1:35 pm
Forum: Personal Consumer Issues
Topic: Replacement Suggestions For Microwave Oven
Replies: 22
Views: 1266

Re: Replacement Suggestions For Microwave Oven

The Google Maps street view of our house shows the GE service truck in the driveway. :annoyed Street View of my house shows a pile of rubbish waiting for the rubbish pickup folk. Really, Google ought to give people some advance notice :-) Street view of my house is half blocked by a big tree. If th...
by sport
Sun Jan 14, 2018 1:31 pm
Forum: Personal Consumer Issues
Topic: Almost a pathological fear of debt, to my detriment?
Replies: 79
Views: 4512

Re: Almost a pathological fear of debt, to my detriment?

Debt, like fire, is a tool. Used wisely, it is valuable. Used carelessly, you can get "burned". Saying "all debt is bad" is just as silly as saying "all fire is bad". That means you should not cook food because your house might burn down. As far as mortgage debt goes; you have to live somewhere. So,...
by sport
Sun Jan 14, 2018 12:56 pm
Forum: Investing - Theory, News & General
Topic: Why did Vanguard start an Institutional REIT fund?
Replies: 6
Views: 759

Re: Why did Vanguard start an Institutional REIT fund?

seugene wrote:
Sun Jan 14, 2018 12:03 pm
The retail fund will benefit from the institutional fund's lower expense ratio.
I would think that if fund A holds shares of fund B, then the shareholders of fund A get to pay the expenses of both funds. So, the retail fund may have higher expenses due to holding the institutional shares.
by sport
Sun Jan 14, 2018 12:00 pm
Forum: Investing - Theory, News & General
Topic: change in balanced fund, taxable event?
Replies: 4
Views: 330

Re: change in balanced fund, taxable event?

If the individual company holdings of the fund change, the net gain (or loss) would be a capital gain/loss. A capital gain would be distributed to the shareholders. A capital loss would be used to offset current and future capital gains.
by sport
Sat Jan 13, 2018 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: why do banks bother offering lousy CD rates?
Replies: 49
Views: 4724

Re: why do banks bother offering lousy CD rates?

Preying on them? That's a little harsh. I mean, the unauthorized Wells Fargo accounts is one thing... but choosing a smaller interest rate than an online account is just a matter of personal choice. When a bank offers an attractive CD rate, and then it automatically renews at a very low rate, "prey...
by sport
Sat Jan 13, 2018 5:59 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisory Services Fees
Replies: 33
Views: 2198

Re: Vanguard Personal Advisory Services Fees

dave1054 wrote:
Sat Jan 13, 2018 3:56 pm
My understanding that it is 0.3% regardless of portfolio size.
It would be interesting to know if anyone with a large portfolio tried to negotiate that fee and If they were successful.
by sport
Sat Jan 13, 2018 3:40 pm
Forum: Personal Consumer Issues
Topic: Replacement Suggestions For Microwave Oven
Replies: 22
Views: 1266

Re: Replacement Suggestions For Microwave Oven

When we built our new house, we put in a GE "over the range" microwave. It was a fancy model with a digital touch panel. After about 9 years, the touch panel died. The cost for a replacement part plus labor was more than $500. The appliance repair company was honest and told us that it did not pay t...
by sport
Sat Jan 13, 2018 3:29 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisory Services Fees
Replies: 33
Views: 2198

Re: Vanguard Personal Advisory Services Fees

Does the percentage used for Vanguard fees decrease for larger portfolios? Is it 0.30% regardless of the portfolio size?
by sport
Sat Jan 13, 2018 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: Pub 590B [Uniform Lifetime Table update?]
Replies: 5
Views: 347

Re: Pub 590B

I printed the table from Pub 590 in 2013. (590 had not been split into A & B at that time.) I calculated my 2018 RMD using that table and it matches Vanguard's calculation. So, It all seems to be correct. You could use the 2016 table to start with, and verify that it is unchanged when the new 590-B ...
by sport
Sat Jan 13, 2018 12:17 pm
Forum: Personal Consumer Issues
Topic: Emergency evacuation with pre-existing condition
Replies: 13
Views: 994

Re: Emergency evacuation with pre-existing condition

sil2017 wrote:
Sat Jan 13, 2018 12:12 pm
I am asking if hemorrhoid would be considered an emergency.
I cannot answer your other questions. However, based on experience, a hemorrhoid "situation" can become an emergency.
by sport
Sat Jan 13, 2018 3:57 am
Forum: Investing - Theory, News & General
Topic: When the Fed stops what do you do?
Replies: 17
Views: 2348

Re: When the Fed stops what do you do?

IInflation seems to be the predominant concern but I am allowing for a moderate increase in inflation by having a necessary SWR lower than the interest rate of the 30-year Treasuries. Who says that an inflation increase has to be "moderate"? You may not be old enough to remember what happened to in...
by sport
Sat Jan 13, 2018 3:41 am
Forum: Personal Finance (Not Investing)
Topic: why do banks bother offering lousy CD rates?
Replies: 49
Views: 4724

Re: why do banks bother offering lousy CD rates?

Inertia. That is why special rate CD’s are oddball lengths of time like 15 months. That way the person who put $20,000 in a 1 year CD 15 years ago never gets the special rate. There is a bank in my area that offers these special rate CDs at oddball maturities. Their CDs also renew for the same term...
by sport
Fri Jan 12, 2018 5:56 pm
Forum: Personal Consumer Issues
Topic: First time Medicare question
Replies: 18
Views: 939

Re: First time Medicare question

retire14 wrote:
Fri Jan 12, 2018 5:29 pm
I complained and they told me that Medicare paid for the physical, but the dr talked to me about some chronic conditions during that visit and they wanted to bill me for that. I had no chronic conditions.
You may want to think about finding another doctor.
by sport
Thu Jan 11, 2018 9:25 pm
Forum: Investing - Help with Personal Investments
Topic: Help me stop my addiction to stock market peeping!
Replies: 66
Views: 4485

Re: Help me stop my addiction to stock market peeping!

I check what the market is doing frequently. Multiple times per day. I do it only because I am curious. The only action I take is to rebalance if/when a rebalance band is hit, which seldom occurs. Otherwise I take no action at all. So, I do not consider it to be a problem. I am not euphoric when it ...
by sport
Thu Jan 11, 2018 9:13 pm
Forum: Investing - Theory, News & General
Topic: "6 Reasons The Rich Should Pay-Off Their Mortgage"
Replies: 126
Views: 20745

Re: "6 Reasons The Rich Should Pay-Off Their Mortgage"

No longer having a mortgage would mean our credit scores would go down. We paid off the mortgage on our first house in 1991. We had a mortgage on our second house for about one year, while we waited for the first house to sell. We then paid off the mortgage on the second house. That was 10 years ag...
by sport
Thu Jan 11, 2018 9:00 pm
Forum: Personal Consumer Issues
Topic: Trying to help acquaintence - medicare costs
Replies: 75
Views: 2726

Re: Trying to help acquaintence - medicare costs

Medicare Advantage and Part D still must contend with a zero benefit during the coverage gap (donut hole) and still pay some coinsurance once you have entered the catastrophic coverage level. There are so many plans, I guess it is hard to make general descriptions and always be correct. The MA plan...
by sport
Thu Jan 11, 2018 11:01 am
Forum: Personal Consumer Issues
Topic: Trying to help acquaintence - medicare costs
Replies: 75
Views: 2726

Re: Trying to help acquaintence - medicare costs

Perhaps she has a Medicare Advantage Plan through the state teachers retirement system. She would still have to pay the Part B premium, and the pension deduction would pay for the advantage plan. Incorrect. A Part C plan, aka Medicare Advantage Plan, REPLACES Medicare Parts A & B, and sometimes als...
by sport
Thu Jan 11, 2018 10:49 am
Forum: Personal Consumer Issues
Topic: Trying to help acquaintence - medicare costs
Replies: 75
Views: 2726

Re: Trying to help acquaintence - medicare costs

Perhaps she has a Medicare Advantage Plan through the state teachers retirement system. She would still have to pay the Part B premium, and the pension deduction would pay for the advantage plan. Incorrect. A Part C plan, aka Medicare Advantage Plan, REPLACES Medicare Parts A & B, and sometimes als...
by sport
Thu Jan 11, 2018 9:45 am
Forum: Personal Consumer Issues
Topic: Trying to help acquaintence - medicare costs
Replies: 75
Views: 2726

Re: Trying to help acquaintence - medicare costs

Perhaps she has a Medicare Advantage Plan through the state teachers retirement system. She would still have to pay the Part B premium, and the pension deduction would pay for the advantage plan.