Search found 6690 matches

by sport
Mon May 21, 2018 8:52 am
Forum: Investing - Help with Personal Investments
Topic: Need help firing my financial advisor
Replies: 12
Views: 1313

Re: Need help firing my financial advisor

jwkde wrote:
Mon May 21, 2018 6:47 am
Fidelity reimbursed the closing fee when I moved my assets from an FA to Fidelity. Not sure if Vanguard will do the same
From what other people have written, V will not reimburse such fees. OTOH, they will not charge such a fee if you leave them.
by sport
Mon May 21, 2018 2:14 am
Forum: Personal Finance (Not Investing)
Topic: Trusts and Bank Accounts
Replies: 16
Views: 895

Re: Trusts and Bank Accounts

Thank you for the explanation. It still seems unnecessarily complicated.
by sport
Sun May 20, 2018 10:40 pm
Forum: Investing - Help with Personal Investments
Topic: Need help firing my financial advisor
Replies: 12
Views: 1313

Re: Need help firing my financial advisor

If you are moving anything "in kind" from a taxable account, be sure to find out the cost basis before you move it. Once the move is made, your old account will be closed and the cost basis info (probably?) may no longer be available.
by sport
Sun May 20, 2018 7:19 pm
Forum: Personal Finance (Not Investing)
Topic: Trusts and Bank Accounts
Replies: 16
Views: 895

Re: Trusts and Bank Accounts

afan wrote:
Sun May 20, 2018 6:50 pm
You might try avoiding the checking account in the trust.
The checking account is not in the trust. This is part of the problem. We received the same advice you did about keeping the checking account out of the trust.
by sport
Sun May 20, 2018 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Trusts and Bank Accounts
Replies: 16
Views: 895

Re: Trusts and Bank Accounts

Sport, I think you need a new bank. Actually, it is two banks. :annoyed At the first bank, I withdrew the proceeds from a maturing CD. I wanted the check in my name. Bank said "no". It must be made out to "sport, trustee". At the second bank, I wanted to deposit the check into my checking account. ...
by sport
Sun May 20, 2018 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Trusts and Bank Accounts
Replies: 16
Views: 895

Re: Trusts and Bank Accounts

Gill wrote:
Sun May 20, 2018 4:04 pm
It doesn’t appear the bank is trustee so no trust officer involved.
Gill
Correct. I am the trustee.
by sport
Sun May 20, 2018 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Trusts and Bank Accounts
Replies: 16
Views: 895

Re: Trusts and Bank Accounts

The branch manager just said that trusts can cause inconvenience. Whenever I ask him the question "why" for anything, he tells me that he does not make the rules. He is nice and very friendly. He tries to help within the scope of his authority.
by sport
Sun May 20, 2018 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Trusts and Bank Accounts
Replies: 16
Views: 895

Trusts and Bank Accounts

Other than my checking account, I have my banking and financial accounts in a revocable trust. I have found that if I have a bank account, such as a CD, and I want to withdraw the money, the bank insists on making the check payable to me as trustee, rather than just me, despite my request to remove ...
by sport
Sun May 20, 2018 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Helping Adult Children (but not too much)
Replies: 95
Views: 6370

Re: Helping Adult Children (but not too much)

But I would pay for a wedding... We told our daughter how much we would pay towards her wedding. We gave them the money and told them they could spend it on the wedding, or they could do anything else they wanted with it. I hoped they would invest it for retirement, or use it towards the purchase o...
by sport
Sat May 19, 2018 9:19 pm
Forum: Personal Consumer Issues
Topic: Where to find movers for a couch?
Replies: 16
Views: 1040

Re: Where to find movers for a couch?

If the friend is using a mover for their move, perhaps they could also move the couch and drop it off at your place.
by sport
Sat May 19, 2018 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Very old series EE savings bond
Replies: 3
Views: 577

Re: Very old series EE savings bond

You will get a 1099 INT from the bank for 2018. The money is taxed as ordinary income for federal taxes. It is exempt from state taxes.
by sport
Sat May 19, 2018 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Helping Adult Children (but not too much)
Replies: 95
Views: 6370

Re: Helping Adult Children (but not too much)

Our grown children are self-sufficient. We do not feel that it is necessary to subsidize them. However, when one of them wanted to do an overseas adoption, we told them we would foot the bill for the adoption expenses. It came to about 30K. I feel that we purchased a grandchild and we are very happy...
by sport
Fri May 18, 2018 10:13 am
Forum: Personal Consumer Issues
Topic: Bonded Leather [Office chair]
Replies: 18
Views: 2166

Re: Bonded Leather [Office chair]

Jags4186 wrote:
Fri May 18, 2018 6:25 am
I’d just buy a new non leather chair.
That is what I did, a year and a half ago.
by sport
Tue May 15, 2018 8:51 pm
Forum: Personal Consumer Issues
Topic: Patio furniture cover in the northeast
Replies: 9
Views: 498

Re: Patio furniture cover in the northeast

Short answer: buy a car cover. Soft underneath and more pliable. My wife and I bought a large cast aluminum table for our deck. The salesman suggested a cover for $250...to make sure this table last the 20 plus years we plan to stay at our house we figure they know what they are talking about. Dumb...
by sport
Tue May 15, 2018 12:45 pm
Forum: Investing - Theory, News & General
Topic: Would you be willing to temporarily change your AA?
Replies: 27
Views: 1437

Re: Would you be willing to temporarily change your AA?

I will give a different opinion: Most market corrections are of the "ordinary" kind, just due to economic cycles and lower expected earnings for most companies. However, 2008 was very different, IMO. Our economic system was coming apart at the seems with major companies going bankrupt. Lehman Brothe...
by sport
Tue May 15, 2018 12:26 pm
Forum: Personal Consumer Issues
Topic: Car mileage, Fuel additives and other
Replies: 31
Views: 1403

Re: Car mileage, Fuel additives and other

Make sure your tires are properly inflated.
by sport
Tue May 15, 2018 12:15 pm
Forum: Personal Consumer Issues
Topic: Medical billing and negotiated rates ?
Replies: 8
Views: 729

Re: Medical billing and negotiated rates ?

Yes, if there were a negotiated rate for the primary care visit, it would apply to you. This is one of the benefits of dental plans. Even if there is a low annual maximum benefit and you exceed it, you still get the negotiated rates. Of course, this is true only if the doctor/dentist is in the netw...
by sport
Tue May 15, 2018 10:58 am
Forum: Personal Consumer Issues
Topic: Medical billing and negotiated rates ?
Replies: 8
Views: 729

Re: Medical billing and negotiated rates ?

Yes, if there were a negotiated rate for the primary care visit, it would apply to you. This is one of the benefits of dental plans. Even if there is a low annual maximum benefit and you exceed it, you still get the negotiated rates. Of course, this is true only if the doctor/dentist is in the netw...
by sport
Tue May 15, 2018 9:46 am
Forum: Investing - Theory, News & General
Topic: "5-Star Funds That Are Less Than Meets The Eye"
Replies: 4
Views: 972

Re: "5-Star Funds That Are Less Than Meets The Eye"

When my employer set up their 401k plan, they went to a major law firm and had them provide an investment policy statement. They did this to avoid the possibility of employee lawsuits for having an improper plan. This high-priced attorney specified choosing funds on the basis of Morningstar Star Rat...
by sport
Sat May 12, 2018 8:34 pm
Forum: Investing - Help with Personal Investments
Topic: Tax gain harvesting with two accounts at Vanguard
Replies: 7
Views: 386

Re: Tax gain harvesting with two accounts at Vanguard

PFInterest wrote:
Sat May 12, 2018 8:29 pm
There are restrictions for selling for a gain. Why do you want to?
If the tax bracket is low enough and the gain is small enough, there are no taxes for the realized capital gain.
by sport
Sat May 12, 2018 8:31 pm
Forum: Personal Consumer Issues
Topic: Water leaking from shared wall in condo - next steps?
Replies: 21
Views: 2297

Re: Water leaking from shared wall in condo - next steps?

Update: Wall was red herring. I was able to reproduce this by turning on washing machine at high water setting. It appears the drainage pipe either is pushing out water at too high pressure or it has a leak. As always, very thankful for the tips. I hope I don't ever get a leaky wall but if do, I wi...
by sport
Sat May 12, 2018 8:29 pm
Forum: Personal Consumer Issues
Topic: Why did Capital One 360 say my cell phone couldn't be verified?
Replies: 9
Views: 970

Re: Why did Capital One 360 say my cell phone couldn't be verified?

There are a lot of other banks. I would consider finding one that that was less troublesome.
by sport
Sat May 12, 2018 4:48 pm
Forum: Personal Consumer Issues
Topic: Water leaking from shared wall in condo - next steps?
Replies: 21
Views: 2297

Re: Water leaking from shared wall in condo - next steps?

Update: Wall was red herring. I was able to reproduce this by turning on washing machine at high water setting. It appears the drainage pipe either is pushing out water at too high pressure or it has a leak. As always, very thankful for the tips. I hope I don't ever get a leaky wall but if do, I wi...
by sport
Sat May 12, 2018 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Cancer - tips?
Replies: 37
Views: 6644

Re: Cancer - tips?

In addition to the power of attorney for financial affairs, you need a power of attorney for health care. You may also want a document that addresses extreme measures to keep you alive, if you do not want them (I forget the name for that document). You and your spouse also need documents to provide ...
by sport
Fri May 11, 2018 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Payment in Lieu of Health Benefits
Replies: 10
Views: 857

Re: Payment in Lieu of Health Benefits

If her employer paid her the full amount, they would also have to pay social security tax on that, unless she is over the limit. They do not need to pay SS tax on health care costs. So, the full amount would be too much. In my experience, when pay is offered in lieu of health insurance, the amount i...
by sport
Fri May 11, 2018 10:38 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Admiral vs Investor shares
Replies: 4
Views: 607

Re: Vanguard Admiral vs Investor shares

You must be above the minimum amount required in each account. You cannot aggregate them to reach the minimum.
by sport
Thu May 10, 2018 10:20 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Widower
Replies: 6
Views: 972

Re: Social Security Widower

In my experience, SS agents are just as likely to give you incorrect information as they are to be correct. You should find out the answers to the questions before you ask them.
by sport
Thu May 10, 2018 9:28 pm
Forum: Personal Consumer Issues
Topic: Used car, $20K-$25K
Replies: 43
Views: 3727

Re: Used car, $20K-$25K

Take a look at a Toyota Avalon. I believe it meets your requirements.
by sport
Thu May 10, 2018 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: How to find reputable person for Will/Trust?
Replies: 41
Views: 3037

Re: How to find reputable person for Will/Trust?

I asked an attorney who does not do this type of work. He recommended one that does.
by sport
Thu May 10, 2018 4:35 pm
Forum: Investing - Help with Personal Investments
Topic: Mail Check or Wire Funds from Vanguard IRA fund to Bank IRA CD??
Replies: 14
Views: 857

Re: Mail Check or Wire Funds from Vanguard IRA fund to Bank IRA CD??

I have a 2008 Vanguard IRA in a 2020 retirement fund. I want to transfer it to an Ally Bank IRA CD. You should also be aware that you can put your IRA money into a CD at Vanguard. There would be no transfer, you would get a good rate, and it would take just a few clicks on the mouse. The only hitch...
by sport
Thu May 10, 2018 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Liability or Comprehensive Insurance for $8K Book Value SUV
Replies: 14
Views: 607

Re: Liability or Comprehensive Insurance for $8K Book Value SUV

Then an uninsured driver hit me and it was her fault. I got nothing for my car since that's covered under comprehensive... In my state, that would be covered under collision coverage. Comprehensive is for fire, theft, malicious damage, weather damage, etc. I have $50 deductible comprehensive covera...
by sport
Thu May 10, 2018 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: RMDS, Taxes, Social Security timing
Replies: 16
Views: 1703

Re: RMDS, Taxes, Social Security timing

This is because the survivors benefit is 100% of the higher earner’s benefit, so maximizing this benefit provides a benefit for the maximum duration. If the survivor is the lower earner/lower SS benefit person, she/he will automatically get the higher benefit when that person passes. There is an ex...
by sport
Thu May 10, 2018 1:44 pm
Forum: Investing - Theory, News & General
Topic: Any issues with upgrading Vanguard taxable account to brokerage?
Replies: 19
Views: 1657

Re: Any issues with upgrading Vanguard taxable account to brokerage?

It is interesting/strange/puzzling that an "upgrade" results in the loss of functionality. I would think that an improvement in function would be more appropriate.
by sport
Thu May 10, 2018 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Liability or Comprehensive Insurance for $8K Book Value SUV
Replies: 14
Views: 607

Re: Liability or Comprehensive Insurance for $8K Book Value SUV

Liability insurance is essential. It keeps you from losing your assets if you are sued and lose. You could easily lose hundreds of thousands of $$$. Comprehensive coverage is usually inexpensive. It covers non-collision damage or theft of the vehicle.
by sport
Thu May 10, 2018 12:17 pm
Forum: Investing - Theory, News & General
Topic: Any issues with upgrading Vanguard taxable account to brokerage?
Replies: 19
Views: 1657

Re: Any issues with upgrading Vanguard taxable account to brokerage?

Getting back to the original question: There was a post that beneficiaries had disappeared and had to be specified again. You cannot have automatic transfer between funds. You may have to redo all the bank information. Everything goes through the sweep account. You cannot have directed distributions...
by sport
Wed May 09, 2018 8:14 pm
Forum: Investing - Help with Personal Investments
Topic: company matching
Replies: 4
Views: 586

Re: company matching

Two reasons:
1. They want to encourage you to contribute at least 6%.
2. If you contribute less than 6%, the matching money is less.
by sport
Wed May 09, 2018 8:06 pm
Forum: Investing - Theory, News & General
Topic: Rolling CD investing
Replies: 1
Views: 420

Re: Rolling CD investing

I would prefer to have longer term CDs and have an assortment of maturity dates. For example, as of now, a 2-year CD can be obtained that has a 2.75% rate. This is better than the one year rate. After one year, you can get another 2-year CD and then the maturity dates are staggered. Most often, peop...
by sport
Wed May 09, 2018 12:01 pm
Forum: Personal Consumer Issues
Topic: How to remove garden hose nozzle that is stuck on a hose
Replies: 40
Views: 2853

Re: How to remove garden hose nozzle that is stuck on a hose

My hose has brass fittings. To avoid this problem, I have tried to find a nozzle that is brass or has a brass insert to avoid corrosion caused by different metals. I have not had any luck finding a nozzle with brass threads. Plastic eliminates the problem. However, the plastic nozzles are usually ch...
by sport
Wed May 09, 2018 11:41 am
Forum: Investing - Help with Personal Investments
Topic: purchasing cd's
Replies: 18
Views: 1861

Re: purchasing cd's

This should tell you what you need to know about CDs at Vanguard.

https://personal.vanguard.com/us/conten ... ontent.jsp
by sport
Wed May 09, 2018 9:49 am
Forum: Personal Consumer Issues
Topic: Vehicle Tires and Dry Rot
Replies: 20
Views: 2065

Re: Vehicle Tires and Dry Rot

TresBelle65 wrote:
Wed May 09, 2018 5:36 am
What made me a bit suspicious is that the Toyota service writer has been trying to throw everything under the sun at me to add onto this simple service visit.
You might do better using a good independent mechanic instead of a dealer for service. Ask your friends for recommendations.
by sport
Mon May 07, 2018 3:47 pm
Forum: Investing - Help with Personal Investments
Topic: Stick with E*Trade or move to Vanguard?
Replies: 15
Views: 1409

Re: Stick with E*Trade or move to Vanguard?

If you like Etrade, you could get the ETF equivalent of the Vanguard Total Stock Market. The ETF has the same ER as the admiral fund.
by sport
Mon May 07, 2018 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Credit card payment allocation?
Replies: 7
Views: 881

Re: Credit card payment allocation?

You can generally figure that the bank will allocate the payment in the way that is best for the bank. So, any payment will go towards the balance that has a 0% rate, and then they can charge you interest on any new purchases. So, if you have such a card, it is better not to make new charges on it a...
by sport
Sun May 06, 2018 11:59 am
Forum: Personal Finance (Not Investing)
Topic: How much should I save or would be available for health care in retirement?
Replies: 43
Views: 4144

Re: How much should I save or would be available for health care in retirement?

I am a little surprised your MA plan is expensive - since one of the common benefits of MA (and MC) plans is lower costs. For the two of us, it costs $490/mo. This is what we get in return: We get an extensive Aetna network. Almost all hospitals/doctors/podiatrists etc. in the area are included. $1...
by sport
Sat May 05, 2018 12:15 pm
Forum: Investing - Theory, News & General
Topic: How do brokerages make $s on cheap index funds?
Replies: 57
Views: 4973

Re: How do brokerages make $s on cheap index funds?

If we want an estimate of the costs associated with operating a large index fund, all we need do is look at Vanguards published ERs. Since V operates at cost, those are the costs. For any other company offering comparable ERs, there cannot be much if any profit to be made. If there were, V would hav...
by sport
Sat May 05, 2018 9:04 am
Forum: Personal Finance (Not Investing)
Topic: How much should I save or would be available for health care in retirement?
Replies: 43
Views: 4144

Re: How much should I save or would be available for health care in retirement?

Having a Medigap plan with traditional Medicare makes more sense to me because the network would be much broader than an Advantage plan. For example, we live near Cleveland Clinic which is not covered in the majority of Advantage plans but is covered under traditional Medicare. I think it depends o...
by sport
Fri May 04, 2018 1:55 pm
Forum: Investing - Help with Personal Investments
Topic: Help with prev employer 401K into Vanguard tIRA
Replies: 1
Views: 121

Re: Help with prev employer 401K into Vanguard tIRA

Asset allocation is a personal thing. It should all of your investments, not just one account. Whether or not you include your spouses holdings is also a personal decision. It depends on your financial arrangements/agreements. For someone who is 50 yo. I would suggest between 40% and 50% bonds. I wo...
by sport
Fri May 04, 2018 1:42 pm
Forum: Investing - Help with Personal Investments
Topic: Navy Federal Credit Union CDs
Replies: 8
Views: 1004

Re: Navy Federal Credit Union CDs

You can get a 5-year brokered CD at Vanguard that yields 3.2%. So, 3% is not all that special.
by sport
Fri May 04, 2018 12:40 pm
Forum: Investing - Theory, News & General
Topic: Shorting - Can Someone Explain
Replies: 32
Views: 2170

Re: Shorting - Can Someone Explain

I am not an expert in this. However, shorting involves selling borrowed shares, and then buying them back at some future time when the price is (hopefully) lower and replacing the borrowed shares.
by sport
Fri May 04, 2018 11:19 am
Forum: Personal Consumer Issues
Topic: What Happens When A Car Dealer Goofs?
Replies: 12
Views: 2346

Re: What Happens When A Car Dealer Goofs?

I once ordered a car to my specs from a dealer on a cash deal. A few days after signing the papers, the sales manager called me and said there had been a mistake in the pricing. I said I was happy with the deal. He then tried to get me to add options that I did not want. I said no, thanks. Finally, ...
by sport
Fri May 04, 2018 9:55 am
Forum: Investing - Help with Personal Investments
Topic: I inherited 1 million dollars, should I open an IRA or keep adding money to this million dollar brokerage account
Replies: 52
Views: 5037

Re: I inherited 1 million dollars, should I open an IRA or keep adding money to this million dollar brokerage account

A taxable account and a Roth account will have the same growth. However, the Roth account is tax free. Tax free is much better than paying taxes.