Search found 7393 matches

by sport
Mon Nov 19, 2018 11:26 pm
Forum: Personal Finance (Not Investing)
Topic: Forgot to file Municipal Income Tax
Replies: 14
Views: 1005

Re: Forgot to file Municipal Income Tax

I have never had a problem with RITA. The only complication I can think of was when I moved from one city to another within the area. There was no way to show two resident cities on the tax form. I called them and asked if I could enter things in two columns, even though the form only had one column...
by sport
Mon Nov 19, 2018 12:40 am
Forum: Investing - Help with Personal Investments
Topic: Money Market vs Bonds
Replies: 7
Views: 1399

Re: Money Market vs Bonds

Hi I have some cash that I may need for home improvements in the next year or two, so I don't want to put it in equities. I was thinking of putting in my Vanguard Money Market, but now am wondering if its would be better to put it in a Vanguard bond ETF (perhaps tax-exempt, as I am in the highest t...
by sport
Sun Nov 18, 2018 5:49 pm
Forum: Investing - Theory, News & General
Topic: Why do people think CD rates will keep going up?
Replies: 57
Views: 7008

Re: Why do people think CD rates will keep going up?

If you have a CD ladder, there is another consideration when selecting the term for a new CD. You might want to buy a CD that fits into the existing ladder so that you do not have two of them maturing at the same time.
by sport
Sun Nov 18, 2018 4:26 pm
Forum: Investing - Help with Personal Investments
Topic: LOST OVER $400 on CDs in 2 Weeks!
Replies: 24
Views: 4272

Re: LOST OVER $400 on CDs in 2 Weeks!

AlphaLess wrote:
Sat Nov 17, 2018 2:03 pm
If $250K, then $400K loss is nothing.
:?: :shock:
by sport
Sun Nov 18, 2018 4:18 pm
Forum: Personal Consumer Issues
Topic: sell current home before buying new home?
Replies: 17
Views: 1322

Re: sell current home before buying new home?

While we owned two houses, we stayed in the old one so it could be shown with furniture. After 6 months of this, I became concerned about the 12 month warranty on the new house (new construction). So, I asked our agent if we really needed to have the house furnished for showing. He told us it made n...
by sport
Sun Nov 18, 2018 2:10 pm
Forum: Investing - Theory, News & General
Topic: Ratio of stocks to bonds
Replies: 11
Views: 1169

Re: Ratio of stocks to bonds

Welcome to the forum! As PFInterest stated, there is no math behind such recommendations. At retirement ages, it largely depends if your goal is to maximize growth, or to preserve capital. I would also suggest that there is no upper limit on the desirability of having bonds in a portfolio. If an inv...
by sport
Sun Nov 18, 2018 1:39 pm
Forum: Investing - Help with Personal Investments
Topic: How exactly does Vanguard's RMD service work? Rebalancing?
Replies: 70
Views: 10348

Re: How exactly does Vanguard's RMD service work? Rebalancing?

Would anyone want to consider taking their RMD late in the year if the market tanks during the year ? This scenario would allow you to decide to take your RMD from the Bond side of the portfolio as opposed to the equity side. I start RMD's next year and that is my plan. I just signed up on Vanguard...
by sport
Sun Nov 18, 2018 1:34 pm
Forum: Investing - Theory, News & General
Topic: interesting call with my 80yr old mothers Fidelity advisor
Replies: 30
Views: 4828

Re: interesting call with my 80yr old mothers Fidelity advisor

For the last three years or so I have mentioned this to the adviser in past phone conference reviews, but no changes were made. I'm a bit confused. You've been on phone calls with your mother and the adviser for ~3 years. You've asked the adviser to sell something, and they agreed or did not agree,...
by sport
Sun Nov 18, 2018 12:32 pm
Forum: Personal Consumer Issues
Topic: sell current home before buying new home?
Replies: 17
Views: 1322

Re: sell current home before buying new home?

We looked for a home, on and off, for about 5 years. When we found what we wanted, we decided to buy it, and put the old one on the market. The new one was still under construction, so we hoped we could sell the old one before the new one was done. Well, it did not sell that fast. So, I spoke to a l...
by sport
Sun Nov 18, 2018 12:24 pm
Forum: Investing - Theory, News & General
Topic: Why do people think CD rates will keep going up?
Replies: 57
Views: 7008

Re: Why do people think CD rates will keep going up?

fortfun wrote:
Sun Nov 18, 2018 12:21 pm
I'm just not sure that 50k will be worth 60k in 5 years, in the stock market (could be more, could be less).
Since CDs are yielding more than your mortgage rate, you could put the money into CDs and not be concerned about the stock market.
by sport
Sun Nov 18, 2018 12:14 pm
Forum: Investing - Help with Personal Investments
Topic: How exactly does Vanguard's RMD service work? Rebalancing?
Replies: 70
Views: 10348

Re: How exactly does Vanguard's RMD service work? Rebalancing?

I don’t think it matters beginning or end of year, but I have concluded I prefer to manually sell my desired fund in one lump sum each year as an annual rebalancing. But whether you sell in one transaction, or select recurring withdrawals, same process to ach to bank like withdrawals from taxable a...
by sport
Sun Nov 18, 2018 11:01 am
Forum: Personal Finance (Not Investing)
Topic: [Backdoor Roth Conversion - Does pro-rata rule apply?]
Replies: 2
Views: 144

Re: [Backdoor Roth Conversion - Does pro-rata rule apply?]

Yes, the rule considers all your traditional IRA accounts. Otherwise, it would be very easy to circumvent the rule by opening a new account.
Welcome to the forum!
by sport
Sat Nov 17, 2018 11:54 pm
Forum: Investing - Theory, News & General
Topic: Why do people think CD rates will keep going up?
Replies: 57
Views: 7008

Re: Why do people think CD rates will keep going up?

I'm thinking of putting 50k in a 5 year 4% CD that will pay off my mortgage in 5 years, when I hope to retire. This will just help with cash flow in retirement. Many seem to think this is a poor idea. (Mortgage is 3%). Since you can get CDs that yield more than 3%, there is little to be gained by p...
by sport
Sat Nov 17, 2018 4:50 pm
Forum: Investing - Theory, News & General
Topic: interesting call with my 80yr old mothers Fidelity advisor
Replies: 30
Views: 4828

Re: interesting call with my 80yr old mothers Fidelity advisor

I would think that you could get the "extra" funds removed if you gave the advisor a choice: Remove those funds or we will transfer all the money out of Fidelity. While he may not want to remove them, or may need to get "permission" to remove them, it seems that they would rather do that than lose y...
by sport
Sat Nov 17, 2018 4:20 pm
Forum: Investing - Help with Personal Investments
Topic: New FA offering to pay annuity surrender fee
Replies: 18
Views: 1066

Re: New FA offering to pay annuity surrender fee

The "new" FA is not really offering to "pay" the surrender fees. They are just offering a limited time offset of high management fees. If FIL went to a self managed arrangement, there would be no such fees to offset . If he went to VPAS, the fee would be only 0.3% per year. Furthermore, once VPAS s...
by sport
Sat Nov 17, 2018 3:50 pm
Forum: Investing - Help with Personal Investments
Topic: New FA offering to pay annuity surrender fee
Replies: 18
Views: 1066

Re: New FA offering to pay annuity surrender fee

The "new" FA is not really offering to "pay" the surrender fees. They are just offering a limited time offset of high management fees. If FIL went to a self managed arrangement, there would be no such fees to offset . If he went to VPAS, the fee would be only 0.3% per year. Furthermore, once VPAS se...
by sport
Sat Nov 17, 2018 11:48 am
Forum: Investing - Help with Personal Investments
Topic: Approaching retirement
Replies: 7
Views: 970

Re: Approaching retirement

Approaching retirement and getting the jitters. I am fortunate to have substantial assets and not worry about financial aspects of retirement. I just want to preserve what I have, yet I know its crazy to go 100% in fixed income. I would be content to get 3 or 4% on my assets or even less in order t...
by sport
Fri Nov 16, 2018 8:10 pm
Forum: Investing - Help with Personal Investments
Topic: First grandchild
Replies: 21
Views: 1679

Re: First grandchild

I suspect most people on this board are not going to qualify for financial aid anyway (in the form of free money) due to their assets and income. Their grandchildren might qualify. Possible, but it is based on their parents' income in most cases, not their's. Unless something really bad would happe...
by sport
Fri Nov 16, 2018 4:53 pm
Forum: Investing - Help with Personal Investments
Topic: First grandchild
Replies: 21
Views: 1679

Re: First grandchild

munemaker wrote:
Fri Nov 16, 2018 4:04 pm
I suspect most people on this board are not going to qualify for financial aid anyway (in the form of free money) due to their assets and income.
Their grandchildren might qualify.
by sport
Fri Nov 16, 2018 2:58 pm
Forum: Personal Consumer Issues
Topic: Are gift cards for fund raising worth it?
Replies: 23
Views: 1129

Re: Are gift cards for fund raising worth it?

Many years ago, when I was in the high school band, we had a much better fund raising method. We put on two concerts per year, one in the fall and one in the spring. We sold tickets for those concerts. Of course, most sales went to the parents of the musicians. However, that was not the major part o...
by sport
Thu Nov 15, 2018 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: Finding an Attorney with Demonstrated, Credentialed Expertise In Elderlaw
Replies: 15
Views: 960

Re: Finding an Attorney with Demonstrated, Credentialed Expertise In Elderlaw

When I needed such an attorney, I asked an attorney friend who practiced another area of law for a recommendation. I was very pleased with his recommendation.
by sport
Thu Nov 15, 2018 9:35 pm
Forum: Personal Consumer Issues
Topic: Cremation seminar – with complimentary lunch
Replies: 68
Views: 4571

Re: Cremation seminar – with complimentary lunch

GerryL wrote:
Thu Nov 15, 2018 9:09 pm
Is this a reasonable use of time or is it on par with a time-share presentation?
Well, we all will have a need for funeral arrangements. Few, if any, people need a time-share.
by sport
Thu Nov 15, 2018 9:30 pm
Forum: Personal Consumer Issues
Topic: Granddaughter needs $ help for university
Replies: 111
Views: 9533

Re: Granddaughter needs $ help for university

I dunno why people think a music teacher is so poorly paid. They can charge $70-80/hour. How many hours a week? I know 3 people with PhDs in a music-related field, 2 with master's degrees, and 5 with undergrad degrees (4 of them are my cousins, all in the same family). Guess how many of them work i...
by sport
Thu Nov 15, 2018 4:44 pm
Forum: Investing - Help with Personal Investments
Topic: First grandchild
Replies: 21
Views: 1679

Re: First grandchild

I give my grandchild a sizeable check on his birthday. He is too young to know about money. So, I make the check payable to DD and let her decide how she wants to invest it for him.
by sport
Thu Nov 15, 2018 3:55 pm
Forum: Investing - Theory, News & General
Topic: Vanguard investor class shares on their way out?
Replies: 83
Views: 7606

Re: Vanguard investor class shares on their way out?

One would think their aggregate expenses should go down slightly once the complexities of managing multiple share classes are reduced. It seems that there is little, if any, cost to " managing multiple share classes". All the share classes are just one fund. The only difference is the ER that an in...
by sport
Thu Nov 15, 2018 10:57 am
Forum: Personal Finance (Not Investing)
Topic: How to deposit cash in online account with no local branch
Replies: 45
Views: 4629

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

Trism wrote:
Thu Nov 15, 2018 7:09 am
I love a good CD special, even when they require "new money."
My bank has a special CD for "new money". That annoyed me, so I took out some "old money". B&M banks have been very stingy when it comes to raising the interest rates on existing deposits. :annoyed
by sport
Wed Nov 14, 2018 5:45 pm
Forum: Personal Consumer Issues
Topic: Honda reliability slipping?
Replies: 58
Views: 7224

Re: Honda reliability slipping?

I take my cars to a local private mechanic for service. He specializes in service for Hondas and Toyotas. His personal car is a Toyota and so was his previous car.
by sport
Wed Nov 14, 2018 12:54 pm
Forum: Investing - Theory, News & General
Topic: Vanguard investor class shares on their way out?
Replies: 83
Views: 7606

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: 8
Views: 739

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: 8
Views: 739

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: 4
Views: 743

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: 1164

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: 213

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: 111
Views: 9533

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: 1850

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: 1850

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: 1085

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: 1085

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: 1850

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: 12912

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: 1730

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: 490

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: 12912

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: 12912

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: 434

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: 1723

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: 4699

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: 434

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: 1575

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: 908

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.