Search found 200 matches

by BigPrince
Fri Jun 05, 2020 10:54 pm
Forum: Personal Investments
Topic: Help with 84 year old mom’s Vanguard 4-fund portfolio
Replies: 14
Views: 1473

Re: Help with 84 year old mom’s Vanguard 4-fund portfolio

My mom is 84 and she’s using Vanguard PAS. They suggested she put her money in the same 4 funds that they tell lots of others. Her current portfolio consists of: VBTLX $53,000 VTABX $23,200 VTIAX $22,000 VTSAX $43,600 Various CD’s valued at $125,000 Her only income is about $18,000 annually from so...
by BigPrince
Sun Feb 09, 2020 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Inaccurate tax summary WARNING! AGAIN.
Replies: 7
Views: 2093

Re: Inaccurate tax summary WARNING! AGAIN.

Good reminder. This topic comes up every year based on the timing of a Vanguard MMF’s dividend declaration date vs. payment date. So it’s just something to be aware of especially for anyone tracking income closely for ACA subsidy purposes, Roth conversions, etc. Foreign tax credits and the amount o...
by BigPrince
Thu Jan 02, 2020 9:44 am
Forum: Personal Finance (Not Investing)
Topic: How Vanguard Reports RMDs
Replies: 2
Views: 276

Re: How Vanguard Reports RMDs

Net Distribution is what left the IRA AFTER any withholding. Withholding DOES count toward our distribution. So in the eyes of the IRS, you took 30,000 out of the IRA.
by BigPrince
Sun Dec 22, 2019 7:35 pm
Forum: Personal Investments
Topic: Mail from Vanguard - Account could be turned over to state due to lack of interest
Replies: 97
Views: 9403

Re: Mail from Vanguard - Account could be turned over to state due to lack of interest

OP,

Do you have a joint account? Has that owner contacted VG or logged onto the website?
by BigPrince
Sun Dec 15, 2019 7:52 am
Forum: Personal Finance (Not Investing)
Topic: Has anyone been able to execute a Power of Attorney with Vanguard?
Replies: 66
Views: 7186

Re: Has anyone been able to execute a Power of Attorney with Vanguard?

Oddly enough, the agent authorization does not allow the agent to stop paper statements from being sent by mail. I seems the only way is to use the outside POA which is limited to one action at a time. Why is that odd? Seems like a smart choice. An full/limited agent has there delegated authority b...
by BigPrince
Sat Dec 14, 2019 1:37 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Forced Liquidation of Holders of UBS ETRACS Exchange Traded Notes
Replies: 16
Views: 1725

Re: Vanguard Forced Liquidation of Holders of UBS ETRACS Exchange Traded Notes

Why do you hold this type of asset with Vanguard? A person whose holdings were in Vanguard might have inherited or been gifted these shares. If they had a significant capital gain in a taxable account it would have made sense to hold them. There are several kinds of investments that Vanguard will l...
by BigPrince
Wed Dec 11, 2019 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: RMD in 1st year it is required
Replies: 22
Views: 2166

Re: RMD in 1st year it is required

An RMD is REQUIRED to land a in non-retirement account or bank account.

RMD CANNOT be converted to ROTH.
by BigPrince
Wed Nov 06, 2019 11:36 pm
Forum: Investing - Theory, News & General
Topic: The hidden cost of Fidelity’s ZERO funds
Replies: 66
Views: 8762

Re: The hidden cost of Fidelity’s ZERO funds

But the stock fund NAV drops when a dividend is paid, such that you have as much money before and after the payment of a stock dividend. So, not seeing how the delay of dividends affects the total return of a stock fund. Hmm... I should have thought of that. Now I think the article is wrong. But th...
by BigPrince
Thu Oct 10, 2019 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: GE Pension Buyout
Replies: 85
Views: 13463

Re: GE Pension Buyout

fatmike91 wrote:
Thu Oct 10, 2019 8:49 pm
I would take the lump sum. I would not want a sizable chunk of my retirement tied to GE's future.

/
I agree.

Take lump sum and don't wait for GE to impose a worse deal.
by BigPrince
Wed Oct 09, 2019 5:01 pm
Forum: Personal Investments
Topic: Vanguard login help.
Replies: 18
Views: 1661

Re: Vanguard login help.

Is anyone else having a hard time logging into Vanguard? I changed my password twice and keep getting incorrect password. Vanguard isn't taking phone calls until Monday morning. My life savings is not accessible and I'm concerned. What are your concerns? That a bad guy changed my password and robbe...
by BigPrince
Sat Oct 05, 2019 10:15 pm
Forum: Personal Investments
Topic: Vanguard login help.
Replies: 18
Views: 1661

Re: Vanguard login help.

J G Bankerton wrote:
Sat Oct 05, 2019 6:57 pm
Is anyone else having a hard time logging into Vanguard? I changed my password twice and keep getting incorrect password. Vanguard isn't taking phone calls until Monday morning. My life savings is not accessible and I'm concerned.
What are your concerns?
by BigPrince
Mon Sep 30, 2019 10:41 pm
Forum: Investing - Theory, News & General
Topic: Vanguards push for PAS
Replies: 18
Views: 3115

Re: Vanguards push for PAS

The reality is that millions of investors use these services and many are over paying for the results.

Why wouldn't Vanguard work to compete in that space and work toward everyone being treated fairly?
by BigPrince
Sun Sep 29, 2019 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: How to Avoid a Tax Penalty with a Roth Conversion
Replies: 50
Views: 4354

Re: How to Avoid a Tax Penalty with a Roth Conversion

My own experience and previous posts such as viewtopic.php?t=211958

Great point though on the non-deductible contributions for a traditional, never had considered that.
by BigPrince
Sun Sep 29, 2019 9:21 am
Forum: Personal Finance (Not Investing)
Topic: How to Avoid a Tax Penalty with a Roth Conversion
Replies: 50
Views: 4354

Re: How to Avoid a Tax Penalty with a Roth Conversion

** Note this is not a question about the Backdoor Roth IRA and avoiding the pro-rata rule by having $0 in Traditional/SIMPLE/SEP IRAs by Dec. 31 ** I plan to do a sizable Roth conversion in 2021 from a traditional 403B to a Roth IRA (via a traditional IRA in between).... There is no need to take th...
by BigPrince
Sat Aug 31, 2019 4:15 pm
Forum: Personal Investments
Topic: $1,000 a month or $180,000 Pension Question
Replies: 55
Views: 6064

Re: $1,000 a month or $180,000 Pension Question

As long as the pension seems reasonably sound financially, I'd definitely opt for $1,000/month for life over a $180k lump sum. A 6.67% lifetime payout at your age in three years is very solid. The problem I see is that at age 40, you are looking at 50 years of future pension payments. There is no s...
by BigPrince
Sat Aug 31, 2019 1:25 pm
Forum: Personal Investments
Topic: $1,000 a month or $180,000 Pension Question
Replies: 55
Views: 6064

Re: $1,000 a month or $180,000 Pension Question

For public pensions, one can search for the details of the City of Detroit pension cuts as an example. It varies by location as others have pointed out. There is also demographics to consider. If one is a member of a 70% funded state system in one of the fastest growing states as I am it is differe...
by BigPrince
Sat Aug 31, 2019 11:50 am
Forum: Personal Investments
Topic: $1,000 a month or $180,000 Pension Question
Replies: 55
Views: 6064

Re: $1,000 a month or $180,000 Pension Question

Take the Lump Sum. Read about all the broken pension promises from the last recession. Fear is a powerful thing. Resist it. Cheers And being fearless is simply stupid. Here is an article from 2014 that discusses broken pension promises. Some even declined to pay survivor benefits. https://dealbook....
by BigPrince
Sat Aug 31, 2019 9:18 am
Forum: Personal Investments
Topic: $1,000 a month or $180,000 Pension Question
Replies: 55
Views: 6064

Re: $1,000 a month or $180,000 Pension Question

Take the Lump Sum. Read about all the broken pension promises from the last recession. Fear is a powerful thing. Resist it. Cheers And being fearless is simply stupid. Here is an article from 2014 that discusses broken pension promises. Some even declined to pay survivor benefits. https://dealbook....
by BigPrince
Sat Aug 31, 2019 6:33 am
Forum: Personal Investments
Topic: $1,000 a month or $180,000 Pension Question
Replies: 55
Views: 6064

Re: $1,000 a month or $180,000 Pension Question

Take the Lump Sum.

Read about all the broken pension promises from the last recession.
by BigPrince
Sat Aug 17, 2019 11:06 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Plan - Should I opt out?
Replies: 16
Views: 1901

Re: Pension Plan - Should I opt out?

I would opt out because the promise they make today will not be the promise they keep tomorrow given your time horizon.
by BigPrince
Sat Jun 15, 2019 1:43 am
Forum: Personal Investments
Topic: Vanguard Financial Plan requires Brokerage Account? Bait and switch?
Replies: 45
Views: 3916

Re: Vanguard Financial Plan requires Brokerage Account? Bait and switch?

RandalThor wrote:
Fri Jun 14, 2019 9:39 pm
snip
Policies change. Watch when they stop offering complimentary advice. Good luck.
by BigPrince
Sat Jun 01, 2019 8:49 am
Forum: Personal Finance (Not Investing)
Topic: Required Minimum Distributions
Replies: 61
Views: 6142

Re: Required Minimum Distributions

Does anyone know if Vanguard can withhold federal and state income tax from RMDs? I don't see anything about withholding on Vanguard's website which suggests that they don't do it. Generally, you can always do Federal with a minimum of 10% if you opt for a withholding. State rules vary, so withhold...
by BigPrince
Sat Mar 09, 2019 10:17 pm
Forum: Investing - Theory, News & General
Topic: Vanguard is Discontinuing their VanguardAdvantage Accounts
Replies: 631
Views: 69811

Re: Vanguard is Discontinuing their VanguardAdvantage Accounts

Maybe people who have had significant amounts of money over the years already have banks and accounts to hold and flow money without particularly wanting to take it all to Vanguard. True. But if you don't market it and actually seem to hide it you will never know what the market could be. Why creat...
by BigPrince
Sun Mar 03, 2019 9:45 pm
Forum: Investing - Theory, News & General
Topic: Vanguard is Discontinuing their VanguardAdvantage Accounts
Replies: 631
Views: 69811

Re: Vanguard is Discontinuing their VanguardAdvantage Accounts

I can work around the loss of the Advantage account without too much hassle. I can't help thinking though, that if I were a new investor, I would not consider Vanguard when Schwab and Fidelity also offer inexpensive index funds AND a CMA. New investors would not have enough assets to qualify for Va...
by BigPrince
Fri Mar 30, 2018 1:55 pm
Forum: Investing - Theory, News & General
Topic: 401k vs Traditional IRA
Replies: 34
Views: 2645

Re: 401k vs Traditional IRA

. If you only have 5,500 you can save, that's probably exactly the person who should do a roth IRA. Second choice is roth 401k. Third would be 401k. Dead last is tIRA, unless you are SURE you will never want to use a backdoor roth. If you are sure of that, tIRA moves to third place. If you only hav...
by BigPrince
Thu Mar 29, 2018 7:37 pm
Forum: Investing - Theory, News & General
Topic: 401k vs Traditional IRA
Replies: 34
Views: 2645

401k vs Traditional IRA

Suppose one has access to identical funds at the same costs inside their 401k plan and traditional IRA.

Suppose the most you could afford to place toward retirement 5,500.

Which investment vehicle would you pick and why?

Thanks.
by BigPrince
Sat Mar 17, 2018 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: IRA Conversion "Income"
Replies: 4
Views: 529

Re: IRA Conversion "Income"

Thank you!
by BigPrince
Sat Mar 17, 2018 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: IRA Conversion "Income"
Replies: 4
Views: 529

Re: IRA Conversion "Income"

Depends whether you would be a "qualifying child" or a "qualifying relative". See Qualifying Child or Relative Flowchart.pdf or Line 6c—Dependents for some flowcharts. Thank you! So, I am trying to decipher the "QUALIFYING RELATIVE" chart and it defines "Gross income means all income you received i...
by BigPrince
Sat Mar 17, 2018 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: IRA Conversion "Income"
Replies: 4
Views: 529

IRA Conversion "Income"

I did a conversion in 2017 from a Traditional to a Roth.

I did not earn any income from a job last year.

Can I be claimed as a dependent if my conversion was greater than $4,050 (the limit a dependent can make and still qualify).

Thanks.
by BigPrince
Thu Jan 25, 2018 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Trip cancellation insurance
Replies: 47
Views: 3663

Re: Trip cancellation insurance

What are the reasons allowed for cancellation? At that price it sounds like you can for many reasons. Somewhat complex. They have what they term “covered” and “non covered” reasons. Covered includes illness, an injury that would require cancellation, a death in family—same for your traveling compan...
by BigPrince
Thu Jan 25, 2018 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Trip cancellation insurance
Replies: 47
Views: 3663

Re: Trip cancellation insurance

What are the reasons allowed for cancellation? At that price it sounds like you can for many reasons.
by BigPrince
Tue Jan 09, 2018 10:11 am
Forum: Personal Investments
Topic: US / Int’l Allocation
Replies: 6
Views: 665

Re: US / Int’l Allocation

Past performance doesn’t guarantee future results yada yada ... Given current valuations / globalization in general - what would be the % allocation if one was attempting to equate the world economy in terms of market share Total US / Int’l Index - 60/40? 50/50? I use Vanguard Total World Stock Ind...
by BigPrince
Mon Jan 08, 2018 1:51 pm
Forum: Personal Investments
Topic: Smallest % worth Allocating in your Portfolio
Replies: 30
Views: 2722

Re: Smallest % worth Allocating in your Portfolio

I think it depends on the size of the total portfolio. I think having a small allocation in a small portfolio ends up producing drag, adds complexity, adds fees (particularly if you can't make a breakpoint share class), and can be more difficult to manage to keep in proportion. Pick some basic asset...
by BigPrince
Mon Jan 08, 2018 10:21 am
Forum: US Chapters
Topic: Livesoft at 58,000 posts!
Replies: 36
Views: 4830

Re: Livesoft at 58,000 posts!

:sharebeer
by BigPrince
Sun Jan 07, 2018 1:56 pm
Forum: Personal Consumer Issues
Topic: Recommendations for 72 hours in Dublin, Ireland
Replies: 27
Views: 1956

Re: Recommendations for 72 hours in Dublin, Ireland

Kilmainham Gaol

I remember picking the hop on/off bus company that is run by the city as it had much better reviews a number of years ago when I visited. Be sure to check if this is still the case.
by BigPrince
Sat Jan 06, 2018 8:36 pm
Forum: Personal Investments
Topic: Is now not a good time to start investing?
Replies: 36
Views: 3745

Re: Is now not a good time to start investing?

If you are nervous starting out, consider beginning by dollar cost averaging in through fixed, continuous contributions throughout the year instead of a lump sum.

This way you will still experience any gains along the way or have the opportunity to buy cheaper on the way down.
by BigPrince
Fri Jan 05, 2018 6:09 pm
Forum: Non-US Investing
Topic: As a German: Should I go 100% US stocks?
Replies: 62
Views: 6997

Re: As a German: Should I go 100% US stocks?

As an American, I don't even go 100% US stocks. Why should a non-American?
by BigPrince
Fri Jan 05, 2018 10:52 am
Forum: Personal Investments
Topic: I am waiting for an opportunity to lump sum my 2018 contribution to Roth IRA:)
Replies: 16
Views: 1621

Re: I am waiting for an opportunity to lump sum my 2018 contribution to Roth IRA:)

It is feasible such an opportunity may not present itself, however if you this is the course of action you'd like, consider slowing dollar cost averaging in until the opportunity you feel may come comes.

Don't find yourself on the last trading day of the year higher and still not invested.
by BigPrince
Fri Jan 05, 2018 8:02 am
Forum: Investing - Theory, News & General
Topic: Hitting The Sell Button
Replies: 233
Views: 34061

Re: Hitting The Sell Button

Consider hitting the exchange button instead.
by BigPrince
Thu Jan 04, 2018 8:23 am
Forum: Personal Investments
Topic: married for part of year
Replies: 2
Views: 429

Re: married for part of year

The question on your return will be something to the effect of "Where you married as of 12/31/18."

Answering "YES" to this question will place you in the married brackets for Roth IRAs if you file a joint return.
by BigPrince
Wed Jan 03, 2018 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: How safe are retirement accounts?
Replies: 19
Views: 2108

Re: How safe are retirement accounts?

I think the argument goes the higher the tax on consumption is the lower the tax on income.

This would render the a ROTH less useful because it diminishes the usefulness of growing the ROTH tax free from income tax while one ends up paying more in sales tax.
by BigPrince
Wed Jan 03, 2018 1:10 pm
Forum: Personal Consumer Issues
Topic: Recommend me a backpack for business use
Replies: 21
Views: 2273

Re: Recommend me a backpack for business use

This recommendation is more of a travel bag but I think it looks professional enough to consider for business.

~"Tortuga is the Apple of backpacks." - Snarky Nomad (He actually didn't say that but compared them in his review to Apple)

https://www.tortugabackpacks.com
by BigPrince
Wed Jan 03, 2018 11:16 am
Forum: Personal Finance (Not Investing)
Topic: How safe are retirement accounts?
Replies: 19
Views: 2108

Re: How safe are retirement accounts?

Everyone here is a hardworking and disciplined saver doing their very best to sacrifice living large now so they can have a (financially) peaceful retirement. But I was wondering about the safety of our retirement funds ... especially from governments. While a govt. might not blatantly take away th...
by BigPrince
Wed Jan 03, 2018 10:42 am
Forum: Investing - Theory, News & General
Topic: When married, whose contribution should you prioritize?
Replies: 30
Views: 3356

Re: When married, whose contribution should you prioritize?

Bingo and I am sure it was a mess sorting out the finances that have co-mingled after a long term marriage. Having just done this and with ex and myself both members of the two comma club post divorce it really isn't that bad as long as one you cooperate and two you use a neutral financial adviser ...
by BigPrince
Wed Jan 03, 2018 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Keep Pension Or Rollover
Replies: 8
Views: 1004

Re: Keep Pension Or Rollover

You are still 20+ years out. You have to decide weather the promise they are making today is the promise they will keep tomorrow. Recent history has shown pensions are vulnerable to reductions for future retirees in times of economic duress. In some cases even to current retirees, read about Detroit...
by BigPrince
Wed Jan 03, 2018 10:23 am
Forum: Personal Investments
Topic: 2 fund vs 3 fund retirement portfolio for stability
Replies: 4
Views: 921

Re: 2 fund vs 3 fund retirement portfolio for stability

Consider reading about Japan's stock market and how it went from its high mark in the late 80's to go down and sideways to eventually losing 80% of its value in the the mid 2000's.

Diversifying international helps protect you against a long term stagnation of that sort.
by BigPrince
Tue Jan 02, 2018 7:04 pm
Forum: Investing - Theory, News & General
Topic: When married, whose contribution should you prioritize?
Replies: 30
Views: 3356

Re: When married, whose contribution should you prioritize?

DrGoogle2017 wrote:
Tue Jan 02, 2018 12:39 pm
I would split evenly. I know a few couple in long term marriage who have divorced in retirement. I would never have guessed.
Bingo and I am sure it was a mess sorting out the finances that have co-mingled after a long term marriage.
by BigPrince
Tue Jan 02, 2018 6:58 pm
Forum: Personal Investments
Topic: Question on Vanguard web site: hide fund with 0 balance
Replies: 12
Views: 7793

Re: Question on Vanguard web site: hide fund with 0 balance

This was helpful.

I also like that I can change account order.

Now I wish I could change the order of the funds within each account.
by BigPrince
Tue Jan 02, 2018 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Consolidate to Single Financial Institution?
Replies: 30
Views: 3432

Re: Consolidate to Single Financial Institution?

You should see what your total assets are and if that balance helps you attain a certain level of service that you would miss out on should your separate out your assts.

I also agree with the point that less institutions makes it easier to sort out your estate.