Search found 5615 matches

by Earl Lemongrab
Tue Nov 13, 2018 8:41 pm
Forum: Investing - Help with Personal Investments
Topic: TLH at Schwab- IXUS & VXUS
Replies: 5
Views: 321

Re: TLH at Schwab- IXUS & VXUS

Has anyone here has done a TLH at Schwab for IXUS (iShares total international ETF -tracks MSCI ACWI ex U.S. IMI Index) exchanged for VXUS (Vanguard total international ETF -tracks FTSE Global All Cap ex US Net US RIC)? I'm wondering if Schwab would flag this as a wash sale. The custodians are neve...
by Earl Lemongrab
Tue Nov 13, 2018 8:32 pm
Forum: Personal Consumer Issues
Topic: Granddaughter needs $ help for university
Replies: 73
Views: 4973

Re: Granddaughter needs $ help for university

First question to Grandaughter "Is this an accredited school? This sounds very much like the scholarship my niece got. The $$ numbers are very close. She qualified for scholarship to a school in New York all but $15,000 worth. When niece didn't keep going after 3 years she could Not transfer any cr...
by Earl Lemongrab
Tue Nov 13, 2018 8:28 pm
Forum: Investing - Help with Personal Investments
Topic: VGTSX/VTSAX or Just The VTWSX?
Replies: 6
Views: 861

Re: VGTSX/VTSAX or Just The VTWSX?

The sole advantage of Total World Stock over the two-fund combination is simplicity. It is a single fund in which you can hold hold all your stock, and you don't need to manage your US/foreign split on your own if you like its split. (This is the same reason to use balanced funds; you can buy separ...
by Earl Lemongrab
Tue Nov 13, 2018 1:54 pm
Forum: Personal Consumer Issues
Topic: Granddaughter needs $ help for university
Replies: 73
Views: 4973

Re: Granddaughter needs $ help for university

Let's assume it's a college like Oberlin (as the OP hasn't identified it). According to this site: https://www.oberlin.edu/admissions-and-aid/tuition-and-fees Tuition is about 54k, with about 16k for room/board/fees. So I'd guess that the scholarship is for tuition only. If these numbers are close t...
by Earl Lemongrab
Tue Nov 13, 2018 12:21 pm
Forum: Personal Consumer Issues
Topic: Favorite "free stuff"?
Replies: 131
Views: 9580

Re: Favorite "free stuff"?

So we've gotten $6 in return for our $450, which is still more than we have gotten from every library in the city combined. If you read e-books, you might want to look into whether your library has them (fairly likely). They're very easy most places. I do. I just signed up for a library card online...
by Earl Lemongrab
Tue Nov 13, 2018 12:12 pm
Forum: Investing - Theory, News & General
Topic: 2008 level
Replies: 14
Views: 2741

Re: 2008 level

Yeah, this was a puzzling post. The S&P 500 is significantly higher than at the end of October. It's about the same as it was in early July. On a total return basis, the index is up about 250% over the peak in 2008, almost 400% over the bottom. It's just been a choppy year. Not sure why people are ...
by Earl Lemongrab
Mon Nov 12, 2018 9:32 pm
Forum: Personal Consumer Issues
Topic: tipping for grocery delivery
Replies: 53
Views: 3957

Re: tipping for grocery delivery

Not to mention the periods of their shift when there aren't that many tables. If wait staff were so over-paid, then it would make sense for you quit your job and take that up.
by Earl Lemongrab
Mon Nov 12, 2018 7:06 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1336
Views: 224025

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Only 60 days ? You do have to keep the money there for a year, right ? That's not the way I remember it. They said the bonus would not post until I completed the 60 day holding period. I think I am free to move the money elsewhere without any retribution from Fidelity. Having said that, I have no p...
by Earl Lemongrab
Mon Nov 12, 2018 7:03 pm
Forum: Personal Consumer Issues
Topic: Favorite "free stuff"?
Replies: 131
Views: 9580

Re: Favorite "free stuff"?

Trism wrote:
Mon Nov 12, 2018 6:31 pm
So we've gotten $6 in return for our $450, which is still more than we have gotten from every library in the city combined.
If you read e-books, you might want to look into whether your library has them (fairly likely). They're very easy most places.
by Earl Lemongrab
Mon Nov 12, 2018 5:09 pm
Forum: Investing - Help with Personal Investments
Topic: Is NOW a good time to start ETF saving journey?
Replies: 13
Views: 1294

Re: Is NOW a good time to start ETF saving journey?

Other than taxes, there's no difference between not buying and selling. Anyone who sees a difference is anchoring on the present situation. If you have say $20k in cash and "wait" then it's the same as me selling 20k worth in an IRA and waiting. We both end up with $20k in cash and not holding that ...
by Earl Lemongrab
Mon Nov 12, 2018 5:06 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7810
Views: 1604813

Re: U.S. stocks in freefall

fortfun wrote:
Mon Nov 12, 2018 5:01 pm
Seems like this has become a self-fulfilling prophecy. Everyone I know says the market is at its peak and it has to correct.
Not everyone you know says that. Many of the people here don't, for instance.
by Earl Lemongrab
Mon Nov 12, 2018 5:02 pm
Forum: Investing - Help with Personal Investments
Topic: Severance | 401(k)
Replies: 20
Views: 1852

Re: Severance | 401(k)

Tell old company you over-contributed to 401(k) and request return of all (excess) contributions and earnings for 2019. You can try that. However, the old custodian doesn't have to cooperate. They look at their books and see no excess, and you can't provide any evidence of prior contributions. They...
by Earl Lemongrab
Mon Nov 12, 2018 4:58 pm
Forum: Investing - Help with Personal Investments
Topic: 401k rollover to Roth IRA - timing & taxes
Replies: 8
Views: 403

Re: 401k rollover to Roth IRA - timing & taxes

Just to clarify, are you age 59-1/2? That's the only way that you can do in-service rollovers of your pretax contributions, although company contributions would be eligible at any time. I doubt that the plan restricts you to rolling into a TIRA, although they might for electronic transfers. You coul...
by Earl Lemongrab
Mon Nov 12, 2018 3:17 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Roth IRA
Replies: 7
Views: 502

Re: Help with Roth IRA

It is very easy to move from Fidelity to Vanguard. Vanguard would be able to help you with the movie. I would move the Fidelity Roth IRA assets to cash to make the move. That doesn't make a lot of sense. Why be out of the market for days? Move the ETFs and sell there. Or stay at Fidelity and use lo...
by Earl Lemongrab
Mon Nov 12, 2018 3:01 pm
Forum: Investing - Theory, News & General
Topic: 2008 level
Replies: 14
Views: 2741

Re: 2008 level

Yeah, this was a puzzling post. The S&P 500 is significantly higher than at the end of October. It's about the same as it was in early July. On a total return basis, the index is up about 250% over the peak in 2008, almost 400% over the bottom. It's just been a choppy year. Not sure why people are s...
by Earl Lemongrab
Sun Nov 11, 2018 6:09 pm
Forum: Investing - Help with Personal Investments
Topic: What? I'm a Vanguard Owner?
Replies: 10
Views: 1701

Re: What? I'm a Vanguard Owner?

It's not really accurate. The funds own the company, and you own shares in the fund. You have no shares in the company. Nor any meaningful input. Certainly not like a mutual insurance company. I think the numerous posts we've seen indicate that you don't get better customer service. The non-profit n...
by Earl Lemongrab
Sun Nov 11, 2018 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: How long must you hold a Traditional IRA
Replies: 8
Views: 907

Re: How long must you hold a Traditional IRA

First, verify that they can deduct TIRA contributions. Do they have any workplace plans, 401(k) etc.

Second, do they have near-term need for the money? Otherwise it would be better to convert to a Roth next year instead of withdrawing.
by Earl Lemongrab
Sun Nov 11, 2018 2:24 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1336
Views: 224025

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

If you're talking rollovers from a 401(k), then up to a few weeks. Usually, if going to a different custodian, it will involve a check made out to the new account and then either sent to you to be forwarded or directly to the custodian. I wouldn't be concerned about a 60-day deadline.
by Earl Lemongrab
Sun Nov 11, 2018 1:27 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1336
Views: 224025

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Generally yes, although some won't give a bonus for rolling from a 401(k) they administer. So go to a different custodian. Occasionally there are offers that are not valid for IRAs.
by Earl Lemongrab
Sat Nov 10, 2018 8:09 pm
Forum: Personal Consumer Issues
Topic: tipping for grocery delivery
Replies: 53
Views: 3957

Re: tipping for grocery delivery

My God, people. They are pulling all the items according to your notes (green bananas for example, driving them to your home and bringing your groceries into your kitchen for you! Give them a couple bucks. If you don’t want to tip someone who is saving you time and effort, just go to the store your...
by Earl Lemongrab
Sat Nov 10, 2018 2:59 pm
Forum: Investing - Help with Personal Investments
Topic: Strategy during the last stock market decline
Replies: 50
Views: 4771

Re: Strategy during the last stock market decline

if your money is in a 401k they will not allow you to rebalance as much as you may want. If you try trading once a month they will probably slap on 90-day holding penalty if you try to trade frequently. Certainly not universally true, probably not even common. Megacorp had no restrictions on sellin...
by Earl Lemongrab
Sat Nov 10, 2018 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Admiral share class for total world stock
Replies: 21
Views: 1770

Re: Admiral share class for total world stock

In a tax deferred account I'd just use Total Stock Market and Total International Stock Market and rebalance once or twice per year. Right now the ratio is about 55% US to 45% Rest of World. If you always buy at market weight, there would not be a reason to rebalance. The only reason for rebalancin...
by Earl Lemongrab
Fri Nov 09, 2018 4:53 pm
Forum: Investing - Help with Personal Investments
Topic: Kitces article - coordinating multiple defined contribution plans
Replies: 8
Views: 903

Re: Kitces article - coordinating multiple defined contribution plans

One of Megacorp's plan features was a limit on contributions. The basic limit for employee deferrals+Roth+after-tax was 30% of salary. Catch-up had a separate limit of 50% of salary. As I was retiring early in 2018, I went ahead and put the max in catch-up even though I knew I wouldn't get anywhere ...
by Earl Lemongrab
Fri Nov 09, 2018 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: How much money did you receive from family? (Gifts/inheritance)
Replies: 46
Views: 4366

Re: How much money did you receive from family? (Gifts/inheritance)

As a young person in college, I received three years of living at home (moving out when I was 21). I don't know exactly what the monetary value of that was in the late 70s. I was working while in school so I saved money. When my mother passed away a few years back, she had some investments and savin...
by Earl Lemongrab
Thu Nov 08, 2018 9:13 pm
Forum: Personal Consumer Issues
Topic: tipping for grocery delivery
Replies: 53
Views: 3957

Re: tipping for grocery delivery

What is it you're concerned about? If you don't tip, they'll start coming late? Mash the stuff around? Those are things that if they start happening you complain to the service.

I never let fear rule my tipping decisions.
by Earl Lemongrab
Thu Nov 08, 2018 8:51 pm
Forum: Personal Consumer Issues
Topic: Favorite "free stuff"?
Replies: 131
Views: 9580

Re: Favorite "free stuff"?

Libraries are not free to get books, you're paying for them with your property taxes. I moved to an unincorporated area where the library is not a line item on the property tax bill. To get access to the local library they would require an annual payment equal to what that tax would be, and in my c...
by Earl Lemongrab
Thu Nov 08, 2018 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Documents
Replies: 32
Views: 2604

Re: estate Documents

I disagree with Earl. BSteiner and Gill are our resident estate lawyers, volunteering their time here as are other frequent responders. They respond in almost every thread here having to do with estate planning. They have to be careful about giving specific legal advice just as a doctor here can't ...
by Earl Lemongrab
Thu Nov 08, 2018 3:28 pm
Forum: Personal Consumer Issues
Topic: tipping for grocery delivery
Replies: 53
Views: 3957

Re: tipping for grocery delivery

oxothuk wrote:
Thu Nov 08, 2018 3:08 pm
This also reduces my inclination to eat out in restaurants, use the shuttle service for airport parking, etc. Tipping works through shaming, and has no place in what should be routine consumer transactions.
I have never seen anyone tip the shuttle driver.
by Earl Lemongrab
Thu Nov 08, 2018 3:27 pm
Forum: Personal Consumer Issues
Topic: Favorite "free stuff"?
Replies: 131
Views: 9580

Re: Favorite "free stuff"?

Definitely e-books from the public library. It's true, as was pointed out, that you pay for the service with taxes. But it's the same cost whether you use the library or not, so it's free in that sense. I have downloaded some free books from Amazon as well. These are generally the first in a series ...
by Earl Lemongrab
Thu Nov 08, 2018 3:14 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1336
Views: 224025

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Given TDA's new commission-free lineup, I'm less of a fan than I was in the past. I don't see a lot of reason to stay beyond required minimums for bonuses.
by Earl Lemongrab
Thu Nov 08, 2018 3:03 pm
Forum: Personal Consumer Issues
Topic: tipping for grocery delivery
Replies: 53
Views: 3957

Re: tipping for grocery delivery

No, I wouldn't tip unless there was extra service of some sort.

One of the lo-cal news reports was on grocery delivery. Sometimes items that are on sale at the store are not for delivery. So there can be extra cost beyond the delivery charge depending on what you get.
by Earl Lemongrab
Tue Nov 06, 2018 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: ACA in early retirement question.
Replies: 20
Views: 1361

Re: ACA in early retirement question.

One of the side-effects of having a pension is no ACA subsidy for me. That's kind of like saying " the problem with having a pile of gold is that people want to steal it". It's not a problem, and I was aware of the situation when I decided between annuity and lump sum. But it is something for peopl...
by Earl Lemongrab
Tue Nov 06, 2018 4:20 pm
Forum: Investing - Help with Personal Investments
Topic: In kind transfer from schwab?
Replies: 10
Views: 608

Re: In kind transfer from schwab?

Here's the Schwab page for the robo adviser. I agree that it doesn't sound like what the OP has. This says 5k is the minimum, not 50k.

https://intelligent.schwab.com/public/i ... /home.html
by Earl Lemongrab
Tue Nov 06, 2018 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: How much money are you leaving your kids after you die?
Replies: 234
Views: 14445

Re: How much money are you leaving your kids after you die?

Being first generation immigrants our parents are leaving us with bills. Therefore, our gift to our children would be to leave them with nothing. That is unless we die early. You're generally not responsible for your parents bills after they die. We are if they are the same bills we're paying right...
by Earl Lemongrab
Tue Nov 06, 2018 4:02 pm
Forum: Investing - Theory, News & General
Topic: Stable value vs. bonds: the yield/volatility tradeoff
Replies: 26
Views: 1231

Re: Stable value vs. bonds: the yield/volatility tradeoff

Aren't Stable Value Funds just an annuity from an insurance company? So you'd have non-diversified counterparty risk with a financial institution. Not all. Megacorp uses synthetic GICs. That means that the plan buys various bonds, then contracts with financial institutions (a pool of six) that prov...
by Earl Lemongrab
Tue Nov 06, 2018 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: ACA in early retirement question.
Replies: 20
Views: 1361

Re: ACA in early retirement question.

One of the side-effects of having a pension is no ACA subsidy for me.
by Earl Lemongrab
Tue Nov 06, 2018 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: How much money are you leaving your kids after you die?
Replies: 234
Views: 14445

Re: How much money are you leaving your kids after you die?

I don't have assets (or planned assets) of over $1 million, but I want to bounce my last check. My dad always says that we should expect about four dollars when he dies, and that's probably about what my daughter will get, too. That's always a nice quip, but the reality is that the future is so unc...
by Earl Lemongrab
Tue Nov 06, 2018 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: ACA in early retirement question.
Replies: 20
Views: 1361

Re: ACA in early retirement question.

Your previous employer allows you to get back into their plan after several years out of it after retirement? I think that is rather unusual? As I understand it, Megacorp's retiree plan lets you get in at any time, but only during the usual open enrollment. In fact they just sent me the forms for t...
by Earl Lemongrab
Tue Nov 06, 2018 2:59 pm
Forum: Investing - Theory, News & General
Topic: Is there CD funds in VG to be used for IRA's?
Replies: 14
Views: 1391

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 Earl Lemongrab
Tue Nov 06, 2018 2:58 pm
Forum: Investing - Help with Personal Investments
Topic: Save tuition money or fund 401(k)?
Replies: 10
Views: 887

Re: Save tuition money or fund 401(k)?

An MS can often be done while working. I did it twice. Many companies will pay the tuition in that case. If he's going to go full time, then likely he will get teaching or research assistant stipends.
by Earl Lemongrab
Tue Nov 06, 2018 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: ACA in early retirement question.
Replies: 20
Views: 1361

Re: ACA in early retirement question.

marcopolo wrote:
Tue Nov 06, 2018 2:34 pm
COBRA is limited to a 2% administrative fee.
Ok. Thanks for the correction.
by Earl Lemongrab
Tue Nov 06, 2018 2:38 pm
Forum: Investing - Theory, News & General
Topic: Stable value vs. bonds: the yield/volatility tradeoff
Replies: 26
Views: 1231

Re: Stable value vs. bonds: the yield/volatility tradeoff

When I developed my portfolio in 2007, I chose 50/50 stable value and bond index fund. Over that period, the bonds have been more volatile, as expected, but the overall performance has been pretty similar. This is the best time to buy bond funds in over a year, but that doesn't tell you much about w...
by Earl Lemongrab
Tue Nov 06, 2018 2:29 pm
Forum: Investing - Theory, News & General
Topic: Is there CD funds in VG to be used for IRA's?
Replies: 14
Views: 1391

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

Not the bank CDs that people often think about, where you buy at a certain interest rate and then keep until it runs out or break it with an early withdrawal penalty. Some banks and other financial institutions will offer those for IRAs. Brokerages typically do not. You can buy brokered CDs where th...
by Earl Lemongrab
Tue Nov 06, 2018 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: ACA in early retirement question.
Replies: 20
Views: 1361

Re: ACA in early retirement question.

What is the difference between a bridge insurance and a COBRA? COBRA is continuation of the insurance you had while working, with the insured paying all costs and usually a 10% administration cost. In most states this will run out in 18 months, although some have extended that. The "bridge" sounds ...
by Earl Lemongrab
Tue Nov 06, 2018 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: How much money are you leaving your kids after you die?
Replies: 234
Views: 14445

Re: How much money are you leaving your kids after you die?

I don't have children. My estate will be split among my many siblings.
by Earl Lemongrab
Tue Nov 06, 2018 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: How much money are you leaving your kids after you die?
Replies: 234
Views: 14445

Re: How much money are you leaving your kids after you die?

mmmodem wrote:
Tue Nov 06, 2018 1:47 pm
Being first generation immigrants our parents are leaving us with bills. Therefore, our gift to our children would be to leave them with nothing. That is unless we die early.
You're generally not responsible for your parents bills after they die.
by Earl Lemongrab
Tue Nov 06, 2018 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Ok to remove collision coverage?
Replies: 13
Views: 1013

Re: Ok to remove collision coverage?

Globalviewer58 wrote:
Tue Nov 06, 2018 1:46 pm
I dropped collision coverage on an older car and hit a deer early one morning a few months later. It would have been cheaper to keep the insurance coverage.
I thought that was normally comprehensive.
by Earl Lemongrab
Tue Nov 06, 2018 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: ACA in early retirement question.
Replies: 20
Views: 1361

Re: ACA in early retirement question.

How do the costs and coverages compare? No one really knows what's going to happen with ACA going forward. If it's reasonably close, I'd think hard about keeping what you have.
by Earl Lemongrab
Tue Nov 06, 2018 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Documents
Replies: 32
Views: 2604

Re: estate Documents

Perhaps he should have identified himself as such before saying that he wouldn't spend his time reading the book that I recommended. If I were Mr. Steiner, I wouldn't read it either. He is widely known on Bogleheads and doesn't need to introduce himself. Sorry, not going to agree with that. The OP ...
by Earl Lemongrab
Mon Nov 05, 2018 5:56 pm
Forum: Investing - Help with Personal Investments
Topic: New job, new 401k
Replies: 9
Views: 860

Re: New job, new 401k

Don't try to time the market. Come up with a reasonable allocation, then start investing to plan.

Post all of your current holdings and choices in the new plan as outlined in the sticky note at the top of the subforum.