Search found 7265 matches

by sport
Sun Oct 21, 2018 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: First RMD is due last day of year
Replies: 31
Views: 1491

Re: First RMD is due last day of year

So, it's the date of withdrawal, not the date the charity gets/deposts the check. Can I expect Vanguard to cut the check on the day I call? I would expect them to cut the check either that day or the next. However, the transaction will occur on the day you call as long as it is a business day and y...
by sport
Sun Oct 21, 2018 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: First RMD is due last day of year
Replies: 31
Views: 1491

Re: First RMD is due last day of year

So, it's the date of withdrawal, not the date the charity gets/deposts the check. Can I expect Vanguard to cut the check on the day I call? I would expect them to cut the check either that day or the next. However, the transaction will occur on the day you call as long as it is a business day and y...
by sport
Sun Oct 21, 2018 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: 8 reasons why pensions are [good]
Replies: 65
Views: 4827

Re: 8 reasons why pensions are [good]

My pension is trash. I get $3750/mo after 40 yrs (about $93/mo/yr of service). No cola. Pension at 45k/yr in 2048. Income at 150k/yr. So that's only replacing 30% of income, and it doesn't go up for inflation either... so in 2048, it's probably feel like I am getting $1500/mo of today dollar. It's ...
by sport
Sun Oct 21, 2018 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: First RMD is due last day of year
Replies: 31
Views: 1491

Re: First RMD is due last day of year

I turn 70 next year on June 30, 2019, and I believe that means my first RMD must come out of my IRA on Dec 30, 2019. Not to derail the thread, but how does one deal with making a QCD for 2019 in this situation? You cannot make a QCD until you are "literally" 70.5, but having to execute it on EXACTL...
by sport
Sun Oct 21, 2018 4:24 pm
Forum: Investing - Help with Personal Investments
Topic: Transition old gifted stock shares to diversified portfolio while decreasing tax hit
Replies: 6
Views: 418

Re: Transition old gifted stock shares to diversified portfolio while decreasing tax hit

You might want to rethink the plan to pay off the 3.5% mortgage. You can earn that rate on CDs today, and rates seem to going higher. Putting money into a 4% CD is better financially than paying off a 3.5% loan. Even at 3.5%, saving the money provides some liquidity that a paid off house does not. Y...
by sport
Sun Oct 21, 2018 10:11 am
Forum: Personal Finance (Not Investing)
Topic: First RMD is due last day of year
Replies: 31
Views: 1491

Re: First RMD is due last day of year

There is one type of transaction that requires you to actually be 70.5 or older. That is making a Qualified Charitable Distribution (QCD). QCDs allow you to make donations to a qualified charity directly from your IRA and avoid paying the tax on that withdrawal. The best part is that a QCD can be pa...
by sport
Sun Oct 21, 2018 10:07 am
Forum: Personal Finance (Not Investing)
Topic: First RMD is due last day of year
Replies: 31
Views: 1491

Re: First RMD is due last day of year

Does my custodian file a different IRS form depending on whether my IRA withdrawal is intended as my RMD for a particular year or is it reported as any other IRA distribution? All withdrawals from an IRA are taxable in the year they are made. This is true for RMDs and any other withdrawals. The 109...
by sport
Sun Oct 21, 2018 10:02 am
Forum: Personal Finance (Not Investing)
Topic: 8 reasons why pensions are [good]
Replies: 65
Views: 4827

Re: 8 reasons why pensions are [good]

Because you have a stable source of income, less of your assets need to be held in fixed-income or other “safer” asset classes. Assets can be invested more aggressively for long-term capital gains Alternatively, since you have a stable source of income, you have less need to take risk for more capi...
by sport
Sun Oct 21, 2018 12:29 am
Forum: Personal Finance (Not Investing)
Topic: is it better to switch houses in a market downturn?
Replies: 4
Views: 848

Re: is it better to switch houses in a market downturn?

There are some other considerations: Usually a downturn in the housing market means that the economy is doing poorly. So, even though your old house is priced properly, you may have difficulty finding a buyer. In addition, if the economy is not doing well, your job may be in jeopardy. When condition...
by sport
Sun Oct 21, 2018 12:21 am
Forum: Personal Finance (Not Investing)
Topic: Consumer Price Index and medication etc. Why TIPS?
Replies: 5
Views: 548

Re: Consumer Price Index and medication etc. Why TIPS?

I have found that, over time, my prescription medications have become LESS expensive. When they were new, only brand name products were available, usually with a cost of about $100 per month. Now, the patents have expired, and generic brands are available, with costs about $5 per month. Lipitor is a...
by sport
Sat Oct 20, 2018 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Travelers Checks
Replies: 31
Views: 1619

Re: Travelers Checks

...I plan to take them to my bank the next time I go there. It's just two blocks up the street... Please let us know how that works out. My prediction is that you will encounter some kind of minor nuisance... for example, a fee for cashing them (even though you paid a fee to buy them in the first p...
by sport
Sat Oct 20, 2018 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Travelers Checks
Replies: 31
Views: 1619

Re: Travelers Checks

If your traveler's checks are lost or stolen, do you still have the receipt for them so that you can get them replaced? If so, how much of a hassle has it been to keep up with it for 10 years Yes, I still have the receipts. I have some of the checks in my name and some in DWs name. We carry each ot...
by sport
Sat Oct 20, 2018 7:41 pm
Forum: Investing - Help with Personal Investments
Topic: Municipal Money Market Fund
Replies: 15
Views: 1340

Re: Municipal Money Market Fund

If nothing else works for you, give Vanguard a call on Monday. They should be able to explain and help you.
by sport
Sat Oct 20, 2018 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Travelers Checks
Replies: 31
Views: 1619

Re: Travelers Checks

Is posting bail such a high-frequency event that one must plan for it? I have already lived longer than I ever expected to, and I have never had to post bail. Not that it couldn't happen, but I can't imagine changing even something very minor in anticipation of it happening. I have never needed to ...
by sport
Sat Oct 20, 2018 2:42 pm
Forum: Investing - Theory, News & General
Topic: Vanguard has switched to brokerage only accounts
Replies: 175
Views: 38374

Re: Vanguard has switched to brokerage only accounts

... The upgrade eliminated the problem of having your settlement fund in a different legal entity from your brokerage holdings which could cause several days delay in making trades ... :confused The old mutual fund accounts didn't have / require a "settlement fund" ... did they? We used the Prime M...
by sport
Sat Oct 20, 2018 1:01 pm
Forum: Investing - Theory, News & General
Topic: Vanguard has switched to brokerage only accounts
Replies: 175
Views: 38374

Re: Vanguard has switched to brokerage only accounts

The probability of Vanguard changing part of their new system to the old arcane system is iffy despite some people's wishes. It just seems very strange to print a statement that says YTD when the data is not YTD. Certainly they have the data, so why not print it. It is even more strange if you have...
by sport
Sat Oct 20, 2018 12:36 pm
Forum: Investing - Theory, News & General
Topic: Protecting large sums of cash.
Replies: 28
Views: 3002

Re: Protecting large sums of cash.

Second, ask your broker to confirm that the deposit account records for its brokered CDs reflect the broker’s role as an agent for its clients (for instance, by titling the account “XYZ Brokerage, as Custodian for Clients”). That way, each client who owns the CD can qualify for up to at least $250,...
by sport
Sat Oct 20, 2018 12:03 pm
Forum: Investing - Theory, News & General
Topic: Vanguard has switched to brokerage only accounts
Replies: 175
Views: 38374

Re: Vanguard has switched to brokerage only accounts

Doc wrote:
Sat Oct 20, 2018 10:25 am
Mel Lindauer wrote:
Fri Oct 19, 2018 8:36 am
Wish Vanguard would bring that great feature back to the brokerage platform (hint, hint).
<My Accounts> <Transaction History> (choose Account) (choose YTD) <Update Table> <Right Click> <Print>

All done. No hint needed. :D
Thank you. I was not aware of the feature.
by sport
Sat Oct 20, 2018 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Travelers Checks
Replies: 31
Views: 1619

Travelers Checks

We like to take long-distance auto trips. One concern I have about such trips is an unexpected need for cash. This could be due to auto towing and repairs in some remote area, or traffic fines in some small town court. My concern is that these cash needs could be large, and credit cards and personal...
by sport
Sat Oct 20, 2018 10:03 am
Forum: Investing - Theory, News & General
Topic: Total Bond Market Fund - interest rates rising!
Replies: 105
Views: 9622

Re: Total Bond Market Fund - interest rates rising!

You can buy CDs in IRAs, but it's not always easy especially if you need to move around to chase the best interest rates. In my case, I have about 800k in fixed income, currently all in the 401(k) split between bond index and stable value. The latter is paying around 2.65% annualized. YTD, they've ...
by sport
Sat Oct 20, 2018 9:46 am
Forum: Investing - Theory, News & General
Topic: Protecting large sums of cash.
Replies: 28
Views: 3002

Re: Protecting large sums of cash.

A bank account with 4 beneficiaries would have 1M FDIC insurance. Five or ten of these would do the job.
by sport
Fri Oct 19, 2018 3:58 pm
Forum: Investing - Help with Personal Investments
Topic: Mutual funds or ETFs in taxable accounts?
Replies: 12
Views: 1057

Re: Mutual funds or ETFs in taxable accounts?

I hold Vanguard mutual funds in my Vanguard accounts. In this situation, MFs are much easier. You can invest and reinvest any amount you wish. Buying and selling are simple. There are no market orders, stop loss orders, spreads, premiums, discounts, etc. If you want to buy $542.79 of a fund, you pla...
by sport
Fri Oct 19, 2018 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Depositing Cash if it was gifted?
Replies: 110
Views: 5817

Re: Depositing Cash if it was gifted?

It seems the banks (laws?) are getting stricter. My bank has a stack of notices on the counter that they will soon start requiring identification for a cash deposit of any amount.
by sport
Fri Oct 19, 2018 10:10 am
Forum: Investing - Theory, News & General
Topic: How does one emotionally keep it together during market swings?
Replies: 118
Views: 10977

Re: How does one emotionally keep it together during market swings?

Does anyone have advice on how to calm down a partner, that does not handle swings as relaxed as hoped? My wife and I invested in some standard ETFs (msci world, etc) as part of our investment strategy. However, she was shocked the other day to discover that "a part of our money is gone". I tried t...
by sport
Fri Oct 19, 2018 10:02 am
Forum: Investing - Theory, News & General
Topic: Vanguard has switched to brokerage only accounts
Replies: 175
Views: 38374

Re: Vanguard has switched to brokerage only accounts

Mel Lindauer wrote:
Fri Oct 19, 2018 8:36 am
The mutual fund platform statements did report year-to-date transactions.
They still do, if you are still on the old platform.
by sport
Fri Oct 19, 2018 12:14 am
Forum: Personal Finance (Not Investing)
Topic: Instant Issue Debit Card
Replies: 10
Views: 592

Re: Instant Issue Debit Card

My solution is to not use debit cards at all. I use credit cards for everything I can. If there is an error or fraud, I don't want the money to come out of my account and then I have to try to get it back. If there is a problem with the credit card, the bank just issues a new one. Furthermore, if t...
by sport
Thu Oct 18, 2018 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: Depositing Cash if it was gifted?
Replies: 110
Views: 5817

Re: Depositing Cash if it was gifted?

If they are old enough, there might be some extra value even if they are not in good condition. It could be worth a trip to a local coin shop to see what they tell you. You probably will not get the best price from them, but you could determine if there is any interest. If there is some interest, yo...
by sport
Thu Oct 18, 2018 8:00 pm
Forum: Investing - Help with Personal Investments
Topic: Fiduciary using funds with a front load?
Replies: 25
Views: 2066

Re: Fiduciary using funds with a front load?

She doesn't actually use or withdraw any money from this account, she survives on a pension and SSN entirely. If this is a traditional IRA account, and she is at least 70.5 years old this year, be sure she withdraws the RMD (required minimum distribution). There are stiff penalties for failure to m...
by sport
Thu Oct 18, 2018 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: Instant Issue Debit Card
Replies: 10
Views: 592

Re: Instant Issue Debit Card

My solution is to not use debit cards at all. I use credit cards for everything I can. If there is an error or fraud, I don't want the money to come out of my account and then I have to try to get it back. If there is a problem with the credit card, the bank just issues a new one. Furthermore, if th...
by sport
Thu Oct 18, 2018 6:30 pm
Forum: Investing - Help with Personal Investments
Topic: Fiduciary using funds with a front load?
Replies: 25
Views: 2066

Re: Fiduciary using funds with a front load?

Are you sure she paid those loads? Perhaps the loads are waived for an advisory account.
by sport
Thu Oct 18, 2018 6:08 pm
Forum: Investing - Theory, News & General
Topic: Forever Stamps as an Investment?
Replies: 32
Views: 3551

Re: Forever Stamps as an Investment?

I just bought $125.00 worth stamps at a collectors show. I paid between 30% and 45% off face value. I love old space themed stamps! You got a 40% discount for usable USPS stamps? If so that seems like it could be a mini-business. One problem with this is the low denominations of the stamps. How man...
by sport
Thu Oct 18, 2018 4:10 pm
Forum: Investing - Theory, News & General
Topic: Forever Stamps as an Investment?
Replies: 32
Views: 3551

Re: Forever Stamps as an Investment?

If the OP really wants to do this, Costco sells forever stamps at a small discount.
by sport
Thu Oct 18, 2018 4:09 pm
Forum: Investing - Theory, News & General
Topic: Forever Stamps as an Investment?
Replies: 32
Views: 3551

Re: Forever Stamps as an Investment?

LOL, who uses stamps anymore? I think I used 2 all of last year. QCD donations from an IRA account require paper checks to be mailed (unless you want to hand-deliver them). It is possible to have the IRA custodian mail them for you, but it is better to have them send the check to you so you can pho...
by sport
Wed Oct 17, 2018 9:49 am
Forum: Personal Consumer Issues
Topic: Best way to complain about Hertz bait-and-switch?
Replies: 53
Views: 4857

Re: Best way to complain about Hertz bait-and-switch?

Many years ago, I had a similar problem. I was renting a car from Hertz in northern Indiana in the winter. I had specified snow tires in my reservation. When I arrived at 10:00 PM, the car they had for me did not have snow tires. When I complained, the response was "do you want the car or not?" Sinc...
by sport
Wed Oct 17, 2018 9:33 am
Forum: Investing - Theory, News & General
Topic: Vanguard has switched to brokerage only accounts
Replies: 175
Views: 38374

Re: Vanguard has switched to brokerage only accounts

We are still on the old platform. The mutual fund portion of the quarterly statement is a real YTD. The brokerage account is only the last quarter. As long as Vanguard is preparing a statement, I cannot understand why they do not include the YTD info for the brokerage account. Certainly they have th...
by sport
Tue Oct 16, 2018 3:10 pm
Forum: Investing - Theory, News & General
Topic: Monthly vs. Annual Withdrawals
Replies: 15
Views: 1103

Re: Monthly vs. Annual Withdrawals

I'm taking required minimum distributions (RMD's) from my tax deferred account. I take the money out on a quarterly basis. That works reasonably well, and is a compromise between the alternatives proposed by the OP. I've been thinking of moving to monthly, just because of the "paycheck" feeling as ...
by sport
Tue Oct 16, 2018 10:46 am
Forum: Investing - Theory, News & General
Topic: Monthly vs. Annual Withdrawals
Replies: 15
Views: 1103

Re: Monthly vs. Annual Withdrawals

The comparison seems to be monthly vs. lump sum at the END of the year. If you need the money during the year, that will not work.
by sport
Tue Oct 16, 2018 9:46 am
Forum: Investing - Theory, News & General
Topic: Vanguard has switched to brokerage only accounts
Replies: 175
Views: 38374

Re: Vanguard has switched to brokerage only accounts

It's called "YTD", but in only shows "Income" YTD and the current month's transactions. I checked last year's Dec. statement and it did not include the full year's transactions like it used to do before the conversion to their Brokerage system; it only included the Dec. transactions. That means you...
by sport
Mon Oct 15, 2018 6:48 pm
Forum: Investing - Help with Personal Investments
Topic: When to TLH?
Replies: 11
Views: 1184

Re: When to TLH?

I just wait until the end of the year and sell anything that is down a significant amount. Generally I will sell around the middle of December and buy it back after 31 days, or so. If the amount of the loss is trivial, I won't bother.
by sport
Mon Oct 15, 2018 12:32 pm
Forum: Personal Consumer Issues
Topic: Boglehead's Car Talk
Replies: 35
Views: 3298

Re: Boglehead's Car Talk

Scott S wrote:
Mon Oct 15, 2018 11:52 am
RootSki wrote:
Sun Oct 14, 2018 9:24 pm
Life is too short to drive boring cars.
Oh, I dunno. Lots of millionaires drive boring cars like Honda Accords and Toyota Camrys. ;)
Perhaps that's how they became millionaires. :mrgreen:
by sport
Mon Oct 15, 2018 10:25 am
Forum: Personal Finance (Not Investing)
Topic: High APY Checking
Replies: 10
Views: 1033

Re: High APY Checking

My bank does the same thing with interest rates. So, I keep just enough in the checking account to cover expenses. Anything more than that I keep in a money market fund at Vanguard. I can transfer money between Vanguard and the checking account with a few clicks of the mouse (in either direction). I...
by sport
Mon Oct 15, 2018 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Girlfriend lost job, getting a lump sum severance... What should we do next
Replies: 36
Views: 3053

Re: Girlfriend lost job, getting a lump sum severance... What should we do next

I don't know the answers to your questions. However, you cannot afford to spend 40-45k on a wedding. My suggestion is to have a small reception for immediate family and close friends. This should cost no more than 2-3k.
by sport
Sun Oct 14, 2018 3:34 pm
Forum: Personal Consumer Issues
Topic: How Much Is Your Sewer Bill?
Replies: 78
Views: 3923

Re: How Much Is Your Sewer Bill?

Our bill ranges between $40 and $55 per month. That includes a $10 rainwater assessment for hard surfaces such as roofs and driveways.
by sport
Sun Oct 14, 2018 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Amica reocurring double digit increases in homeowners insurance
Replies: 39
Views: 4305

Re: Amica reocurring double digit increases in homeowners insurance

I am now echoing OP's concerns. My Amica auto and homeowner's each went up 25% this year alone. We have no new claims (no claims ever) and no adverse credit history, and nothing else about our personal situation has changed. It's impossible to compare across locations and situations but we pay $222...
by sport
Sun Oct 14, 2018 10:31 am
Forum: Personal Consumer Issues
Topic: Reducing overall medical costs. Do we do anything?
Replies: 67
Views: 3085

Re: Reducing overall medical costs. Do we do anything?

Lynette wrote:
Sun Oct 14, 2018 8:49 am
I may go for a flu shot.
A relative of mine was in her 30's when she died from the flu.
by sport
Sat Oct 13, 2018 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: Neighbor discussing finances with me
Replies: 64
Views: 5930

Re: Neighbor discussing finances with me

Before I retired, I was a member of the 401k committee for my employer. To avoid lawsuits, the company asked an attorney at a large law firm how to select mutual funds for the plan. The attorney provided a written plan that said to use Morningstar ratings, which are merely past results. I knew bette...
by sport
Sat Oct 13, 2018 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Neighbor discussing finances with me
Replies: 64
Views: 5930

Re: Neighbor discussing finances with me

cheese_breath wrote:
Sat Oct 13, 2018 3:56 pm
I agree with the others. Don't give advice unless asked. Although I'm curious if this 'bond fund' might really be an annuity where you 'experience the upside while being protected from the down side.'
Bingo!
by sport
Sat Oct 13, 2018 3:13 pm
Forum: Personal Consumer Issues
Topic: Reducing overall medical costs. Do we do anything?
Replies: 67
Views: 3085

Re: Reducing overall medical costs. Do we do anything?

On my plan, blood tests cost me nothing. So, there is no financial incentive for me to have fewer tests. What I do, though, is tell my PCP to skip running several blood tests that I know one of my specialists will order when I see the specialist. What I have done is ask my PCP for the blood test re...
by sport
Sat Oct 13, 2018 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Weigh in on our Marital Argument =)-- HCOL edition
Replies: 70
Views: 5373

Re: Weigh in on our Marital Argument =)-- HCOL edition

I would think about moving to a lower COL area. Even if your income would decrease a lot, so would your expenses. Here are some data for a comparison. A 12-year old house in my neighborhood recently was sold. It is a 3 BR 2.5 B house with 1950 sq. ft. and newly redecorated. Association fees are less...
by sport
Sat Oct 13, 2018 10:18 am
Forum: Personal Consumer Issues
Topic: Not convinced with insurance
Replies: 45
Views: 3548

Re: Not convinced with insurance

One other thing to consider about life insurance is "insurability". If you are in good health now, you can buy a term insurance policy with very low premiums. If you decide to wait, your health might decline in the interim and insurance would become either more expensive, or unavailable to you. The ...