Search found 7366 matches

by sport
Wed Nov 14, 2018 12:54 pm
Forum: Investing - Theory, News & General
Topic: Vanguard investor class shares on their way out?
Replies: 55
Views: 4640

Re: Vanguard investor class shares on their way out?

Is there really much more expense to Vanguard from "investor shares" than there are from "admiral shares"? It seems like the difference is mainly one of bookkeeping, and there can't be much added expense there. The expense is the same. However, the small size of the account does not allow a lower e...
by sport
Tue Nov 13, 2018 5:37 pm
Forum: Investing - Help with Personal Investments
Topic: 2 Questions
Replies: 7
Views: 518

Re: 2 Questions

Currently I am in the highest tax bracket there is. Generally speaking I should not hold any bonds in my taxable correct? Or is this overblown? Bond interest is taxed at your highest rate. Stock dividends are taxed at lower rates. IRA/401K withdrawals are taxed at your highest rate regardless of wh...
by sport
Tue Nov 13, 2018 5:21 pm
Forum: Investing - Help with Personal Investments
Topic: 2 Questions
Replies: 7
Views: 518

Re: 2 Questions

1. If you must sell investments under these circumstances, you can sell stocks in taxable (while they are down) and buy stocks in your 401K and IRA. This way, you will not effectively sell stocks at low prices and you will not invade your retirement accounts. 2. If you need to put bonds in taxable, ...
by sport
Tue Nov 13, 2018 5:14 pm
Forum: Investing - Help with Personal Investments
Topic: MM vs Bonds vs CDs for a 69 year old
Replies: 2
Views: 354

Re: MM vs Bonds vs CDs for a 69 year old

What are his total investable assets and what asset allocation will fit his desire, need, and ability to take risk?
by sport
Tue Nov 13, 2018 11:39 am
Forum: Personal Consumer Issues
Topic: Best Gutter Guard?
Replies: 15
Views: 1007

Re: Best Gutter Guard?

We used an inexpensive solution. We installed plastic shields over the gutters. They have a slot for water to enter, but the slots are too small for leaves. They have been up for 11 years now, with no problems. The drawback is that they cannot handle large amounts of water. So, when there is a heavy...
by sport
Tue Nov 13, 2018 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Short-Term Medical Plans
Replies: 3
Views: 201

Re: Short-Term Medical Plans

Considering the economic risk of not having good medical insurance, I would put up with the higher cost of a good plan. It is only for 1.5 years for you and 4 years for your spouse. You never know when medical costs may occur, due to accident, illness, or aging.
by sport
Mon Nov 12, 2018 9:04 pm
Forum: Personal Consumer Issues
Topic: Granddaughter needs $ help for university
Replies: 74
Views: 5223

Re: Granddaughter needs $ help for university

Almost there wrote:
Mon Nov 12, 2018 8:43 pm
It is a music scholarship and she is hoping to teach music some day.
If she has a career as a music teacher, she may (probably?) not be able to pay back the loans. There should be much less expensive schools where she can get a music degree.
by sport
Mon Nov 12, 2018 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: RMDs in the year one becomes 70 1/2
Replies: 24
Views: 1813

Re: RMDs in the year one becomes 70 1/2

Is the RMD pro-rated or do you need to take the full year RMD? Asking about the first yr RMD? You can delay the 1st RMD until April 1 of the yr after you turn 70.5. Therefore the 1st RMD can be 0-100% of the full yr RMD. Yes, but if you do that, the balance of the full year RMD must be taken the ne...
by sport
Mon Nov 12, 2018 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: RMDs in the year one becomes 70 1/2
Replies: 24
Views: 1813

Re: RMDs in the year one becomes 70 1/2

Dottie57 wrote:
Mon Nov 12, 2018 4:00 pm
Is the RMD pro-rated or do you need to take the full year RMD?
Please explain your question.
by sport
Sun Nov 11, 2018 10:49 pm
Forum: Investing - Help with Personal Investments
Topic: Decumulation phase of retirement: money market a safe place to park money needed over the next two years?
Replies: 8
Views: 1050

Re: Decumulation phase of retirement: money market a safe place to park money needed over the next two years?

hawkfan55 wrote:
Sun Nov 11, 2018 10:36 pm
You can also have federal/state taxes taken out from your withdrawal.
This is true for federal taxes. It is only true for taxes for some states but not other states. Vanguard will not withhold for my state.
by sport
Sun Nov 11, 2018 10:06 pm
Forum: Investing - Help with Personal Investments
Topic: Decumulation phase of retirement: money market a safe place to park money needed over the next two years?
Replies: 8
Views: 1050

Re: Decumulation phase of retirement: money market a safe place to park money needed over the next two years?

I've been following the recent threads posted about money market funds. I'm still a bit unclear on a few things. My husband and I have all our IRAs at Vanguard in a 50/50 basic four fund portfolio. At this point, we know that we will be taking money out and not much will be going in anymore. He is ...
by sport
Sun Nov 11, 2018 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: RMDs in the year one becomes 70 1/2
Replies: 24
Views: 1813

Re: RMDs in the year one becomes 70 1/2

Thanks all. Very helpful. So to dig deeper.....I understand that the rmd would come before a conversion. However, as long as I leave enough to satisfy the RMD amount, can I convert to a Roth in the year I turn 70.5 prior to doing a QCD after I become 70.5? The first money that comes out, must be th...
by sport
Sun Nov 11, 2018 5:52 pm
Forum: Personal Consumer Issues
Topic: Worth fixing a 30-year-old Maytag dryer?
Replies: 66
Views: 12703

Re: Worth fixing a 30-year-old Maytag dryer?

Even if you don't do anything else, be sure to replace the hoses to the washing machine if you have not replaced them in the last ten years or so. These get brittle and if they break while you are not home then they can cause major water damage. This is a good recommendation for everyone. Even bett...
by sport
Sat Nov 10, 2018 11:04 pm
Forum: Investing - Help with Personal Investments
Topic: What? I'm a Vanguard Owner?
Replies: 10
Views: 1705

Re: What? I'm a Vanguard Owner?

The most meaningful difference is that as an "owner" of Vanguard, you get their services at cost. At other investment companies, there are stockholders that make a profit from your business. Sometime you can escape that profit situation by buying loss leader products, just like at the grocery store....
by sport
Sat Nov 10, 2018 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: Savings Vehicle for Home Remodel
Replies: 5
Views: 476

Re: Savings Vehicle for Home Remodel

Its a toss up between an ultra-short term bond fund or playing the game of finding the most recent high yield money market account to open. If you can get 2.20%+ without locking up the money and without taking any risk of loss, that's a good deal Vanguard Money Market Prime fund has an SEC yield of...
by sport
Sat Nov 10, 2018 5:15 pm
Forum: Personal Consumer Issues
Topic: Worth fixing a 30-year-old Maytag dryer?
Replies: 66
Views: 12703

Re: Worth fixing a 30-year-old Maytag dryer?

We have a Maytag DE410 electric dryer and a Maytag A710 washer, both purchased new in 1983. When is the last time you replaced the washing machine hoses? Having the hose connection to a washing machine fail is a common cause of significant water damage. Even in an unfinished basement if it fails wh...
by sport
Sat Nov 10, 2018 4:09 pm
Forum: Personal Consumer Issues
Topic: Worth fixing a 30-year-old Maytag dryer?
Replies: 66
Views: 12703

Re: Worth fixing a 30-year-old Maytag dryer?

We have a Maytag DE410 electric dryer and a Maytag A710 washer, both purchased new in 1983. When is the last time you replaced the washing machine hoses? Having the hose connection to a washing machine fail is a common cause of significant water damage. Even in an unfinished basement if it fails wh...
by sport
Fri Nov 09, 2018 4:28 pm
Forum: Investing - Help with Personal Investments
Topic: IRA rollover vs. transfer
Replies: 9
Views: 431

Re: IRA rollover vs. transfer

We have been attempting to transfer a relatively small IRA from Union Bank to Vanguard. The funds are in a Union Bank IRA money market. They were automatically transferred from a prior employer because the amount was relatively small ($10,000 or so). My question is whether there is any significant ...
by sport
Fri Nov 09, 2018 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Double-check your contributions to tax-advantaged accounts this time of year
Replies: 15
Views: 1710

Re: Double-check your contributions to tax-advantaged accounts this time of year

Similarly, if you are in RMD territory, you need to make sure your RMD has been satisfied, or will be, before the end of the year.
by sport
Fri Nov 09, 2018 3:23 pm
Forum: Investing - Theory, News & General
Topic: Vanguard closure last week
Replies: 21
Views: 4537

Re: Vanguard closure last week

Seriously, I don't understand why those unhappy with VG don't spend their time more productively by moving their accounts elsewhere as opposed to complaining. There are other solutions than simply leaving. If Vanguard is an otherwise good broker, but has something you don't like, doesn't it make se...
by sport
Fri Nov 09, 2018 3:17 pm
Forum: Investing - Help with Personal Investments
Topic: IRA rollover vs. transfer
Replies: 9
Views: 431

Re: IRA rollover vs. transfer

I believe such transfers are limited to one per year for all your IRA accounts. So, you would not be able to do another one for a year.
by sport
Thu Nov 08, 2018 9:51 pm
Forum: Investing - Help with Personal Investments
Topic: Social Security as a percentage of portfolio
Replies: 14
Views: 1557

Re: Social Security as a percentage of portfolio

Future payments are not part of your net worth. They are current income when you get them. They reduce the amount of cash needed from your portfolio for expenses during retirement. So, if you need 60K per year for expenses, and you receive 20K from SS, then you need 40K from your portfolio. If you f...
by sport
Thu Nov 08, 2018 6:53 pm
Forum: Personal Consumer Issues
Topic: Kitchenware Plastic Alternatives
Replies: 9
Views: 888

Re: Kitchenware Plastic Alternatives

We use glassware for drinking containers. We use ceramic materials for dishes. Corning makes a ceramic product called Corelle. It is durable, hygienic, and reasonably priced. We also use an older product called Centura. It is similar to Corelle, but heavier.
by sport
Thu Nov 08, 2018 6:48 pm
Forum: Investing - Theory, News & General
Topic: Do you prefer etfs or mutual funds?
Replies: 52
Views: 4634

Re: Do you prefer etfs or mutual funds?

I greatly prefer traditional mutual funds. I believe they are simpler to purchase and sell. There are no complications such as spreads, limit orders, market orders, etc. You can purchase or sell any exact amount and the transaction occurs at the end of the day. There is no concern about whole shares...
by sport
Thu Nov 08, 2018 4:26 pm
Forum: Investing - Theory, News & General
Topic: Is there CD funds in VG to be used for IRA's?
Replies: 14
Views: 1398

Re: Is there CD funds in VG to be used for IRA's?

Use the pull down menu at the top of the Vanguard web page. Click on "investing". Then select "CDs and Bonds". Then click on find CDs. Choose the maturity you want to consider. This will show you the original issue CDs that are available. Click on the CD you want to buy. 10K minimum and 1K increment...
by sport
Thu Nov 08, 2018 4:20 pm
Forum: Investing - Help with Personal Investments
Topic: Automatic withdrawal with Vanguard
Replies: 24
Views: 1762

Re: Automatic withdrawal with Vanguard

OP, you have the money in a MM fund, and you want to make automatic transfers into the settlement fund. Well, the settlement fund is just another MM fund. It is the Federal MM fund instead of the Prime MM fund. Since you have the money in a MM anyway, why not just put it all into the settlement fun...
by sport
Thu Nov 08, 2018 2:12 pm
Forum: Investing - Help with Personal Investments
Topic: Automatic withdrawal with Vanguard
Replies: 24
Views: 1762

Re: Automatic withdrawal with Vanguard

OP, you have the money in a MM fund, and you want to make automatic transfers into the settlement fund. Well, the settlement fund is just another MM fund. It is the Federal MM fund instead of the Prime MM fund. Since you have the money in a MM anyway, why not just put it all into the settlement fund...
by sport
Wed Nov 07, 2018 11:01 pm
Forum: Personal Consumer Issues
Topic: Anyone here retire in two homes
Replies: 24
Views: 3041

Re: Anyone here retire in two homes

Of course, an alternative is to own a house in one place for most of the year and rent space for the remainder of the year in the other place. In my area, many people seem to own their home here and rent in Florida for the winter months.
by sport
Wed Nov 07, 2018 10:53 pm
Forum: Personal Finance (Not Investing)
Topic: How to deposit cash in online account with no local branch
Replies: 40
Views: 3811

Re: How to deposit cash in online account with no local branch

radiowave wrote:
Wed Nov 07, 2018 9:38 pm
And my B&M bank still has free donuts.
Free donuts? What bank is this? I want to move my account there. :shock:
by sport
Wed Nov 07, 2018 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: RMD questions
Replies: 10
Views: 707

Re: RMD questions

One other detail: RMDs are calculated based on the account balance on Dec 31 of the previous year. So, if you do not take an RMD in 2019, then your 2020 RMD will be larger than if you had taken the RMD. So, not only will you have to take two RMDs in 2020, and pay the taxes on them, your 2020 RMD wil...
by sport
Wed Nov 07, 2018 2:31 pm
Forum: Investing - Help with Personal Investments
Topic: CDs on vanguard.com
Replies: 10
Views: 1630

Re: CDs on vanguard.com

^ I have mixed feelings about this. Some people buy brokerage CDs as if they're buying bonds, with all of the risks and benefits associated with that. Some people spend an inordinate amount of time considering safety (consider all of the threads written about FDIC-insured savings accounts because m...
by sport
Wed Nov 07, 2018 2:12 pm
Forum: Personal Consumer Issues
Topic: Schiff Glucosamine tablets...........
Replies: 2
Views: 690

Re: Schiff Glucosamine tablets...........

Medical advice is not permitted here. However, we have found good prices on Glucosamine tablets at Costco. They also go on sale periodically and the price is better yet.
by sport
Tue Nov 06, 2018 2:44 pm
Forum: Investing - Theory, News & General
Topic: Is there CD funds in VG to be used for IRA's?
Replies: 14
Views: 1398

Re: Is there CD funds in VG to be used for IRA's?

You can buy brokered CDs where the cost is determined by the interest rate and remaining time to maturity. This is true for CDs on the secondary market. New issue CDs are bought at face value. At Vanguard, the minimum purchase for new issues is 10K and 1K increments above that . So, a 10K CD will c...
by sport
Tue Nov 06, 2018 10:52 am
Forum: Investing - Theory, News & General
Topic: Is there CD funds in VG to be used for IRA's?
Replies: 14
Views: 1398

Re: Is there CD funds in VG to be used for IRA's?

I have quite a few brokered CD's in my VG IRA account. Commission to buy is 1/10 of 1% and there is no commission to sell, and no penalty for selling before maturity date. The paper values of my CD's have gone down this year because of the rise in interest rates, but as long as I hold them to matur...
by sport
Sun Nov 04, 2018 4:46 pm
Forum: Personal Consumer Issues
Topic: Medicare drug costs ..
Replies: 6
Views: 399

Re: Medicare drug costs ..

they are each in "Tier 1" - preferred generic. I don't use any scripts but one thing I did learn this year is that unlike Medicare Part B, the drug plans do not have a uniform definition of what drugs are in Tier 1, Tier 2 etc (across insurance providers). When you compare plans from difference ins...
by sport
Sun Nov 04, 2018 12:59 am
Forum: Personal Consumer Issues
Topic: Buy house without agent
Replies: 28
Views: 2305

Re: Buy house without agent

We were in the exact same situation. We were working with a buyer's agent, and had not found anything. We looked at some new construction (it was still being built when we looked) and liked what we saw. We had no contract with the agent. We just thanked her for her efforts, and told her we had found...
by sport
Sat Nov 03, 2018 3:07 pm
Forum: Investing - Help with Personal Investments
Topic: UTMA Concepts
Replies: 7
Views: 599

Re: UTMA Concepts

I just used those accounts to keep my children's money separate from mine. If they earned it, or it was given to them, they kept it.
by sport
Sat Nov 03, 2018 3:03 pm
Forum: Personal Consumer Issues
Topic: Credit card Surcharges
Replies: 41
Views: 1765

Re: Credit card Surcharges

Of course, if you opt out of using a credit card to save the 4%, you lose the protection that comes with credit card purchases, such as the ability to withhold payment if the product is not what it is supposed to be, as well as any perks provided by the credit card bank, such as extended warranty, r...
by sport
Sat Nov 03, 2018 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: Looking for Fidelity managed mutual fund ideas
Replies: 11
Views: 621

Re: Looking for Fidelity managed mutual fund ideas

Vanguard has actively managed funds with reasonable ERs. The ERs are not as low as index funds, but they are generally much lower than what you would find elsewhere. If you would make more than a few transactions, the cost to buy them anywhere other than Vanguard would probably negate the advantage ...
by sport
Sat Nov 03, 2018 12:21 pm
Forum: Personal Consumer Issues
Topic: Credit card Surcharges
Replies: 41
Views: 1765

Re: Credit card SurCharges

Now that you know about the policy, one way around it is (gasp!) a paper check. An alternative would be to find another shop and tell the old one why you will no longer be a customer. Some small businesses do not accept checks. You have to ask the shop if they will accept them. If you are a long-te...
by sport
Sat Nov 03, 2018 10:59 am
Forum: Personal Consumer Issues
Topic: Credit card Surcharges
Replies: 41
Views: 1765

Re: Credit card SurCharges

Now that you know about the policy, one way around it is (gasp!) a paper check. An alternative would be to find another shop and tell the old one why you will no longer be a customer.
by sport
Sat Nov 03, 2018 10:29 am
Forum: Investing - Help with Personal Investments
Topic: CD ladder in distribution phase
Replies: 4
Views: 414

Re: CD ladder in distribution phase

Hi, Say I've got a lump sum of $100,000 and I want to distribute it using the 1/n method and I want to invest in a ladder of CD's while I'm depleting the lump sum. How do I set up the ladder and at the same time provide for each years 1/n portion to spend? Thanks, Mark This is how I would do it. Fi...
by sport
Fri Nov 02, 2018 3:13 pm
Forum: Investing - Help with Personal Investments
Topic: Is it a waste keeping money in a money market account?
Replies: 33
Views: 6991

Re: Is it a waste keeping money in a money market maccount?

There are Money Market Accounts at banks, and Money Market Funds at investment companies. Yields can vary considerably. Vanguard Prime Money Market Fund presently yields 2.21%. That yield is certainly not a "waste".
by sport
Fri Nov 02, 2018 3:04 pm
Forum: Personal Consumer Issues
Topic: Engineering school
Replies: 66
Views: 4836

Re: Engineering school

MildlyEccentric wrote:
Fri Nov 02, 2018 1:47 pm
CWRU in Cleveland, OH.
An excellent choice, also known as Case Western Reserve University.
by sport
Fri Nov 02, 2018 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: New Medicare Card
Replies: 3
Views: 544

New Medicare Card

DW and I received new Medicare Identification cards in the mail today. These new cards have a new Medicare number instead of the social security number shown on the old ones. These cards arrived without any advance notification, and were not requested. I also note that since we have a Medicare Advan...
by sport
Thu Nov 01, 2018 2:35 pm
Forum: Investing - Theory, News & General
Topic: What does your gut tell you; RMD now or in December?
Replies: 38
Views: 2198

Re: What does your gut tell you; RMD now or in December?

I have made QCDs throughout the year. Today, I withdrew the balance of the RMD. I took the money from a bond fund, so the status of the stock market is not a factor. My portfolio is smaller by the amount of tax withheld. I used last year's taxes to determine a safe harbor withholding amount.
by sport
Thu Nov 01, 2018 1:50 pm
Forum: Investing - Help with Personal Investments
Topic: Moved old 401K to a rollover IRA with Schwab..in cash
Replies: 9
Views: 543

Re: Moved old 401K to a rollover IRA with Schwab..in cash

If you cannot stand the thought of investing everything at a time that might turn out to be ill-chosen, you can invest part of it now, and the rest in stages. You could do half now, 25% after a month or two, and the rest after another month or two. Alternatively, you can reinvest on any schedule you...
by sport
Thu Nov 01, 2018 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Nationwide Private Client
Replies: 24
Views: 1755

Re: Nationwide Private Client

Just for comparison, you might want to price your insurance package with some of the direct companies that your agent cannot sell. You could try State Farm, Progressive, etc. You might be surprised.
by sport
Thu Nov 01, 2018 11:21 am
Forum: Investing - Help with Personal Investments
Topic: Limitations of RMD tool for reinvesting
Replies: 9
Views: 661

Re: Limitations of RMD tool for reinvesting

Just a reminder. If you want to make any QCDs (Qualified Charitable Distribution) and have it count towards your RMD, you must make the donation prior to completing your RMD for the year. If you make a QCD after completing the RMD, it will be a tax-free distribution, but it would not reduce your inc...
by sport
Wed Oct 31, 2018 2:29 pm
Forum: Personal Consumer Issues
Topic: USPS - Informed delivery - complain on missing items?
Replies: 53
Views: 3223

Re: USPS - Informed delivery - complain on missing items?

What I find informed delivery useful for is if I see something important is arriving, I make sure to collect my mail as soon as I can, to get to it before potential thieves can break into the box. Mail theft is extremely common in my area and seems to be unstoppable. A locking mailbox is useful for...