Search found 7144 matches

by sport
Tue Sep 18, 2018 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: "Taking" RMDs
Replies: 15
Views: 869

Re: "Taking" RMDs

What would happen with RMDs if your account was filled only with assets that are lumpy (e.g., a dozen shares of AMZN at $1941 per share), or illiquid (e.g., shares of a non-publicly-traded stock, like a family farm)? You would have to either liquidate part of the holding, or transfer the ownership ...
by sport
Tue Sep 18, 2018 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Bank is the Devil
Replies: 25
Views: 2625

Re: Chase Bank is the Devil

Over my life, I've noticed a pattern- over time, good businesses I patronize end up not so good, even bad. Things change. They get bought out. New people get in charge. They decide the bottom dollar is more important than customer retention and good word of mouth referrals. So I stopped expecting a...
by sport
Tue Sep 18, 2018 12:24 pm
Forum: Investing - Theory, News & General
Topic: Money Market account in a Roth quick question
Replies: 6
Views: 353

Re: Money Market account in a Roth quick question

Roth contributions require earned income, and are part of your total IRA limit per year. There are also limits on income to be eligible for Roth contributions. Rollovers are different.
by sport
Tue Sep 18, 2018 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Bank is the Devil
Replies: 25
Views: 2625

Re: Chase Bank is the Devil

When I left my bank after having an account for 40 years, they did not even send me a letter to ask why I was leaving. They also never sent any offers to have me return to them. Apparently, they did not care.
by sport
Tue Sep 18, 2018 10:56 am
Forum: Personal Finance (Not Investing)
Topic: "Taking" RMDs
Replies: 15
Views: 869

Re: "Taking" RMDs

I first make QCDs throughout the year. Then I sell the remaining RMD amount and have federal tax withheld from the proceeds. I have to pay state tax a different way because Vanguard will not withhold for my state.
by sport
Tue Sep 18, 2018 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Chase Bank is the Devil
Replies: 25
Views: 2625

Re: Chase Bank is the Devil

There was a time when I became really unhappy with my bank. I found another bank. There are plenty to choose from.
I had been their customer for 40 years.
by sport
Tue Sep 18, 2018 9:47 am
Forum: Personal Consumer Issues
Topic: Inexpensive source for greeting cards?
Replies: 23
Views: 890

Re: Inexpensive source for greeting cards?

If you really want to save money on greeting cards, just use some blank stationery and write your own. A hand-written note is nicer than a printed card anyway and shows you took the time to think about the recipient. It adds a personal touch.
by sport
Tue Sep 18, 2018 9:28 am
Forum: Personal Consumer Issues
Topic: Spectrum Cable TV Charges
Replies: 15
Views: 1284

Re: Spectrum Cable TV Charges

One new thing irritates me : when surfing the channels I have to pass through channels we do not have, and with possibly a wrong click I could sign up for it.... An easy way around this problem is to surf through the "guide" instead of the actual channels. Then, when you find something you want to ...
by sport
Mon Sep 17, 2018 9:30 pm
Forum: Investing - Help with Personal Investments
Topic: rmd for IRAs at multiple institutions
Replies: 18
Views: 1118

Re: rmd for IRAs at multiple institutions

I don't actually calculate my RMDs. Fidelity, and Vanguard, tell me each year what the RMD for my account with each will be. All I do is make the withdrawals. My choice whether to taker it all from one, or part from each, so long as the total is right. It is worthwhile to calculate your RMDs to ver...
by sport
Mon Sep 17, 2018 7:43 pm
Forum: Personal Consumer Issues
Topic: Spectrum Cable TV Charges
Replies: 15
Views: 1284

Re: Spectrum Cable TV Charges

blevine wrote:
Mon Sep 17, 2018 6:59 pm
Come on, it’s a game. They always find a deal if you call and threaten to leave.
That is also true. However, in this case, they sent a list of their current fee schedule and it is less than what I have been paying. If I get a deal on top of that, it would be cheaper yet.
by sport
Mon Sep 17, 2018 5:51 pm
Forum: Personal Consumer Issues
Topic: Spectrum Cable TV Charges
Replies: 15
Views: 1284

Spectrum Cable TV Charges

We have Spectrum cable TV that was previously Time Warner Cable. We have been billed according to the Time Warner rate schedule. I spoke to a CSR at Spectrum today and learned that I can get lower rates by migrating from the Time Warner offerings and rates to the Spectrum offerings and rates. There ...
by sport
Sun Sep 16, 2018 3:58 pm
Forum: Investing - Theory, News & General
Topic: Equity allocation for Flagship clients?
Replies: 33
Views: 2327

Re: Equity allocation for Flagship clients?

As often quoted on Bogleheads, asset allocation is (should be) determined by your willingness, need, and ability to take risk. When an investor has substantial assets, their ability to take risk increases. However, their need to take risk decreases. So, it comes down to willingness, which is a perso...
by sport
Sun Sep 16, 2018 3:10 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 396
Views: 57128

Re: 2-year CDs at Vanguard and Fidelity Today

If you cannot cancel an order on-line, perhaps a phone call will do the job.
by sport
Sat Sep 15, 2018 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Beneficiary unallowed in joint taxable -move to single acct?
Replies: 10
Views: 706

Re: Beneficiary unallowed in joint taxable -move to single acct?

When we got married, our attorney advised that we keep all accounts, other than a joint checking account for paying bills, separate. That means instead of joint accounts, we each have accounts in our own names. If there is ever an occasion where either of us is sued for something, only the accounts ...
by sport
Sat Sep 15, 2018 12:33 pm
Forum: Personal Consumer Issues
Topic: Thoughts on Car Expenditures
Replies: 19
Views: 705

Re: Thoughts on Car Expenditures

OP talks about "average" income and "average" car prices. You have to be careful when talking about averages. The average net worth of Bill Gates and a homeless person is a very large number. However, it does not mean that they are both wealthy.
by sport
Fri Sep 14, 2018 11:35 pm
Forum: Personal Finance (Not Investing)
Topic: how to get out of a company 401k
Replies: 5
Views: 543

Re: how to get out of a company 401k

She could quit the job, roll over the 401K into an IRA, and then ask to be rehired.
by sport
Fri Sep 14, 2018 2:16 pm
Forum: Personal Consumer Issues
Topic: Any cello players here?
Replies: 6
Views: 296

Re: Any cello players here?

When my kids played in the band and orchestra, I found this company to be a good source for all things musical. It was recommended to me by DD music teacher.
https://www.wwbw.com/Cellos.wwbw?typeAheadRedirect=true
by sport
Fri Sep 14, 2018 10:02 am
Forum: Personal Consumer Issues
Topic: How to help teenager fix silly mistakes in math?
Replies: 50
Views: 3098

Re: How to help teenager fix silly mistakes in math?

A really fast way to check math equations is to use Casting Nines or casting out nines. I’ve done this since elementary school to catch stupid errors. Ex. 578 +123 ——— Add digits, but whenever there is a 9 or digits add to 9, omit them. You can keep adding individual digits to speed things along. K...
by sport
Thu Sep 13, 2018 6:47 pm
Forum: Personal Consumer Issues
Topic: Windows 10
Replies: 9
Views: 555

Re: Windows 10

I just had updates the last two days for Windows 7. It seems it takes a long time "to get things right".
by sport
Thu Sep 13, 2018 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Homeowner's Insurance - Price vs. Quality
Replies: 21
Views: 1516

Re: Homeowner's Insurance - Price vs. Quality

I have two suggestions:
1. Have all your casualty insurance with one company. This would include auto, personal articles, etc. The insurance companies give discounts for having multiple policies.
2. Pay the premium annually rather than monthly. There is often an extra charge for monthly payments.
by sport
Thu Sep 13, 2018 4:09 pm
Forum: Personal Consumer Issues
Topic: How to help teenager fix silly mistakes in math?
Replies: 50
Views: 3098

Re: How to help teenager fix silly mistakes in math?

DW works in the schools. Her advice is to ask the school for advice. There may be a guidance counselor, psychologist, or specialist who can provide professional advice.
by sport
Thu Sep 13, 2018 3:54 pm
Forum: Personal Consumer Issues
Topic: Is home alarm monitoring worth it?
Replies: 56
Views: 3658

Re: Is home alarm monitoring worth it?

Police response time will vary depending on jurisdiction and perhaps location within the jurisdiction. Some communities have diligent police presence, others not so much. So, any experiences you read about on the internet are merely anecdotal. It should also be noted that some communities will fine ...
by sport
Thu Sep 13, 2018 3:38 pm
Forum: Personal Consumer Issues
Topic: Going to the Everglade. A few questions please.
Replies: 18
Views: 897

Re: Going to the Everglade. A few questions please.

The one time I was in the Everglades, we were attacked by a swarm of hungry mosquitoes. Bring insect repellent.
by sport
Thu Sep 13, 2018 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Withholding from RMD'S
Replies: 10
Views: 845

Re: Withholding from RMD'S

V will withhold for federal taxes and state taxes for some states. The money withheld goes to the appropriate government(s) and gets reported to you on your 1099-R. V has a rule that federal withholding must be at least 10% of the amount withdrawn. Beyond that, it can be any amount you wish. V will ...
by sport
Thu Sep 13, 2018 12:49 pm
Forum: Investing - Help with Personal Investments
Topic: Question for RMD'ers with predominantly bond IRAs
Replies: 11
Views: 875

Re: Question for RMD'ers with predominantly bond IRAs

The bond holding in my IRA is split between Intermediate Term Inv Grade, and Short Term Inv Grade. I have been moving my RMD to Ultra Short Term bond fund at the beginning of the year. I then use that fund for QCDs and the remainder of my RMD. Federal income taxes are withheld from the RMD. Vanguard...
by sport
Wed Sep 12, 2018 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: Lab test prices - exasperating!
Replies: 101
Views: 5695

Re: Lab test prices - exasperating!

If I pay cash for labs, I know the price. If I run it through insurance, the lab inflates the price and then I have to pay the inflated price since it goes towards my deductible. I learned the hard way. I was charged a ridiculous amount because it was run through my insurance. I just got labs recen...
by sport
Wed Sep 12, 2018 4:46 pm
Forum: Personal Consumer Issues
Topic: Picking a Charity
Replies: 69
Views: 2595

Re: Picking a Charity

It's a very personal decision. I tend to choose local charities that I feel don't get a lot of attention and that don't constantly bug me for money, e.g., the local public library, local drug rehabilitation programs, local women's shelters, local children's homes. Not to dissuade you from local cha...
by sport
Wed Sep 12, 2018 4:42 pm
Forum: Investing - Help with Personal Investments
Topic: Laddered CDs
Replies: 28
Views: 2625

Re: Laddered CDs

With Fidelity you have the option to auto roll them. This might be the situation where direct issue CDs from FDIC insured bank or NCUA backed credit union might be preferable to brokered CDs. Direct issue CDs can, normally, be redeemed early (with a penalty), can compound the interest and can renew...
by sport
Wed Sep 12, 2018 3:56 pm
Forum: Personal Consumer Issues
Topic: Picking a Charity
Replies: 69
Views: 2595

Re: Picking a Charity

I have started to donate to Smile Train. They provide cleft palate surgery for free to poor children in the third world. It allows these children to have normal happy lives, instead of being shunned by their society. The cost for doing this is $250 per child. I feel that giving a child a normal life...
by sport
Wed Sep 12, 2018 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Lab test prices - exasperating!
Replies: 101
Views: 5695

Re: Lab test prices - exasperating!

I am not yet on Medicare. I hope they cover Vit D testing as I struggle to keep it where the doc wants it. If the price is anywhere around $200 that would be a shock if not covered. I know what that test is billed to large corporate customers and it is a tiny fraction of $200. I hope my doc has som...
by sport
Wed Sep 12, 2018 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: Laddered CDs
Replies: 28
Views: 2625

Re: Laddered CDs

With Fidelity you have the option to auto roll them. This might be the situation where direct issue CDs from FDIC insured bank or NCUA backed credit union might be preferable to brokered CDs. Direct issue CDs can, normally, be redeemed early (with a penalty), can compound the interest and can renew...
by sport
Wed Sep 12, 2018 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Implementing a QCD at Fidelity
Replies: 17
Views: 1264

Re: Implementing a QCD at Fidelity

So, if challenged, you can argue that you never had possession of the contribution. It was withdrawn from the IRA directly to the charity checking account. I like this. It is simple and you are in control without having to fill out forms with Fido, wait for checks, worry whether they got lost in th...
by sport
Wed Sep 12, 2018 10:48 am
Forum: Investing - Help with Personal Investments
Topic: Opinion's: Best time to withdraw RMD's when required to do so.
Replies: 22
Views: 1460

Re: Opinion's: Best time to withdraw RMD's when required to do so.

I want to be able to make QCDs throughout the year as some of them are not planned in advance. So, I make those QCDs and then withdraw the balance of the RMD late in the year. I have enough income tax withheld to meet the safe harbor rules at that time. QCDs are a wonderful tax break, and should not...
by sport
Wed Sep 12, 2018 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Implementing a QCD at Fidelity
Replies: 17
Views: 1264

Re: Implementing a QCD at Fidelity

Just to be clear: is an annual acknowledgment listing the total donated (maybe with itemizations) or must there be one for the QCD? Thanks The acknowledgements come from the charities that receive the QCD. The IRA custodian sends a 1099-R that shows withdrawals. The 1099 does not separate QCDs from...
by sport
Tue Sep 11, 2018 3:01 pm
Forum: Investing - Help with Personal Investments
Topic: RMD will turn 70 in Nov. 2018
Replies: 22
Views: 1709

Re: RMD will turn 70 in Nov. 2018

I turn 70 and 1/2 on December 28, 2019. But I won't know the amount my RMD is based on until Dec. 31, correct? Which means I can't make a payment until January 2020 at the earliest. It sounds like I have to make two payments in 2020? Every year the RMD amount is determined on December 31st I though...
by sport
Tue Sep 11, 2018 12:32 pm
Forum: Investing - Help with Personal Investments
Topic: RMD will turn 70 in Nov. 2018
Replies: 22
Views: 1709

Re: RMD will turn 70 in Nov. 2018

That is correct.
by sport
Tue Sep 11, 2018 11:02 am
Forum: Investing - Help with Personal Investments
Topic: RMD will turn 70 in Nov. 2018
Replies: 22
Views: 1709

Re: RMD will turn 70 in Nov. 2018

There is no problem having taxes withheld late in the year. Near the end of the year, I look at the amount I paid in taxes the previous year (safe harbor rules), subtract any withholding made elsewhere, and have that much withheld from RMD. I then finish taking the rest of the RMD before the end of ...
by sport
Tue Sep 11, 2018 10:59 am
Forum: Investing - Theory, News & General
Topic: Barron's--Vanguard Is Losing Battles on Two Fronts in Fee Wars
Replies: 53
Views: 4515

Re: Barron's--Vanguard Is Losing Battles on Two Fronts in Fee Wars

The 10K minimum is not accurate. In most cases, the minimum is 3K. 3K will get you investor class shares. When the account reaches 10K, it can be converted to admiral class shares. The difference in ER does not amount to much (in dollars) for amounts under 10K.
by sport
Tue Sep 11, 2018 10:51 am
Forum: Personal Consumer Issues
Topic: Vanguard electronic bank transfers
Replies: 22
Views: 2018

Re: Vanguard electronic bank transfers

1) If you open checkwriting on an account, and don't write any checks for an extended period of time (in my case, years), they will contact you to let you know they'll be turning off your checkwriting on that fund. The stated rationale is to improve security. Interesting, I had not heard that befor...
by sport
Tue Sep 11, 2018 10:33 am
Forum: Personal Consumer Issues
Topic: Vanguard electronic bank transfers
Replies: 22
Views: 2018

Re: Vanguard electronic bank transfers

Vanguard only offers check writing on MM funds and some bond funds. The Vanguard checks are not valid for less than $250, so they have limited usefulness. If I want to write a check using money in my Vanguard account, I just transfer the money to my regular checking account at my bank. It may take a...
by sport
Tue Sep 11, 2018 10:24 am
Forum: Investing - Help with Personal Investments
Topic: RMD will turn 70 in Nov. 2018
Replies: 22
Views: 1709

Re: RMD will turn 70 in Nov. 2018

If you want to make a QCD, it can only come from an IRA and only after you actually turn 70 1/2. If you want it to come from an RMD, from above it must be the first distribution of the year. It is correct that you must actually be 70.5 to make a QCD. However, if you want it to come from your RMD, y...
by sport
Mon Sep 10, 2018 4:48 pm
Forum: Investing - Theory, News & General
Topic: Medallion Signature guarantee?
Replies: 28
Views: 2260

Re: Medallion Signature guarantee?

You might contact other banks in your area and explain the situation. You could promise to move your banking business to them if they could provide the MSG. I would make those contacts in person at the nearest branch offices.
by sport
Mon Sep 10, 2018 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Another Pro Rata Question
Replies: 4
Views: 337

Re: Another Pro Rata Question

The simplest thing would be to roll the extra 1000 into the Roth. It would be a one-time event and you could do back-door Roth's in future years without any complications. It would also put this money into an account you have already selected.
by sport
Mon Sep 10, 2018 4:40 pm
Forum: Personal Consumer Issues
Topic: $25K car
Replies: 39
Views: 3515

Re: $25K car

Honda/Acura/Toyota/Lexus cars all have very high resale value. Therefore, it is generally better to buy these new because the good late model used ones are almost as expensive as new. Therefore, I would select either an Accord or a Camry, whichever you prefer.
by sport
Mon Sep 10, 2018 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: How to choose a real estate agent?
Replies: 24
Views: 2066

Re: How to choose a real estate agent?

We looked at houses casually trying to see if we could find something we liked. At one of the open houses, I met an agent that really impressed me. When we were ready to sell, we signed on with that agent. He was very good.
by sport
Sat Sep 08, 2018 3:46 pm
Forum: Personal Consumer Issues
Topic: Buying a new Toyota Camry. What extra options if any?
Replies: 53
Views: 2945

Re: Buying a new Toyota Camry. What extra options if any?

Don't drive the v6 - it isn't an option on the LE. And after you drive a v6 it is hard to want the 4 cylinder. The 4-cyl is underpowered. But I hear you can get it going 80mph going down a mountain. I have a 4-cyl. With the 6-speed transmission, it has adequate power. I believe the new ones have an...
by sport
Sat Sep 08, 2018 1:57 pm
Forum: Personal Consumer Issues
Topic: time for new pair of glasses
Replies: 36
Views: 2455

Re: time for new pair of glasses

You can get an eye exam at Costco without being a member (at least you can at my local store). You do have to be a member to buy glasses there, but the price of the glasses will be so much lower than what you can get at your eye doctor's shop or at a shop such as LensCrafters that it makes the cost...
by sport
Fri Sep 07, 2018 11:20 pm
Forum: Personal Finance (Not Investing)
Topic: Implementing a QCD at Fidelity
Replies: 17
Views: 1264

Re: Implementing a QCD at Fidelity

Advantage of mailing checks directly to charity: they have only your name and not your address, so can't hound you to donate more. One of the requirements for a QCD is that you must receive a letter of acknowledgement from the charity. So, if you do not give them your address, they cannot send you ...
by sport
Fri Sep 07, 2018 12:35 am
Forum: Personal Consumer Issues
Topic: Certified Pre-Owned Cars (CPO): Is this normal?
Replies: 30
Views: 2429

Re: Certified Pre-Owned Cars (CPO): Is this normal?

I would have stood up and walked to the door. If they really wanted to sell the car, they would chase me. Years ago, I had a salesman chase me into the parking lot when I stood firm on the price I was willing to pay.
by sport
Thu Sep 06, 2018 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Implementing a QCD at Fidelity
Replies: 17
Views: 1264

Re: Implementing a QCD at Fidelity

Even though you can take RMDs any time during the year you turn 70.5, you must actually be at least 70.5 to make a QCD. 70.4 will not qualify.