Search found 376 matches

by PatrickA5
Thu Apr 11, 2019 11:07 am
Forum: Investing - Theory, News & General
Topic: Vanguard is Discontinuing their VanguardAdvantage Accounts
Replies: 589
Views: 45321

Re: Vanguard is Discontinuing their VanguardAdvantage Accounts

- and, oh by the way, the $250 minimum on Prime MM no longer exists. This is very interesting. I use these checks for QCDs. After I verify this is the case, I will ask Vanguard for a new checkbook that does not state the $250 minimum on each check. Let us know what you find out since I was planning...
by PatrickA5
Wed Apr 10, 2019 10:18 am
Forum: Personal Investments
Topic: Vanguard Personal Advisor Services
Replies: 28
Views: 3351

Re: Vanguard Personal Advisor Services

In fact PAS will set up an asset allocation and hold it, rebalancing periodically. If you have sufficient assets to be a Flagship client (and perhaps Voyager Select, you'd need to check with them) you are entitled to a free annual plan. It's the same plan they'd use if you hired them. So it's up to...
by PatrickA5
Wed Apr 10, 2019 10:16 am
Forum: Personal Investments
Topic: Vanguard Personal Advisor Services
Replies: 28
Views: 3351

Re: Vanguard Personal Advisor Services

As part of getting older and my wife possibly having to take over our investments some day, I went ahead and collapsed all of my retirement accounts into Vanguard. In return, they provide a comprehensive management service, along with a Certified Financial Planner, at a low cost (.3%). I also depen...
by PatrickA5
Wed Apr 10, 2019 10:02 am
Forum: Personal Investments
Topic: 529 Plan - Withdrawal related questions
Replies: 17
Views: 956

Re: 529 Plan - Withdrawal related questions

Question 4. At any time, the account owner can withdraw any amount - -before, during, or after the student's attendance. The recordkeeper will ask for any withdrawal if it is a "Qualified withdrawal" or not and report what is indicated. The second sentence above is not correct. The 529 custodian do...
by PatrickA5
Tue Apr 09, 2019 12:25 pm
Forum: Personal Investments
Topic: Grandparents gifting options for grandkids college
Replies: 48
Views: 3160

Re: Grandparents gifting options for grandkids college

My DS's 529 will probably have about $50-75K left in it when he finishes up college next year. My initial thought is to just leave that money in the 529 for my grandkids. I'll probably change the beneficiary to myself until the grandkids (ages 4 and 1) get much closer to college age. We may even thr...
by PatrickA5
Thu Apr 04, 2019 10:26 pm
Forum: Personal Finance (Not Investing)
Topic: How reliable is H&R Block...?
Replies: 24
Views: 1582

Re: How reliable is H&R Block...?

I worked at Block for a number of years after I retired from Megacorp. I wouldn't just walk into a Block shop and take the next available tax preparer. I also wouldn't take a super complicated return to Block. There are a lot of good tax pros at Block and a lot that shouldn't be doing taxes at all. ...
by PatrickA5
Wed Mar 13, 2019 10:38 am
Forum: Personal Investments
Topic: Should I go all in with Vanguard or "diversify" with Fidelity?
Replies: 37
Views: 4029

Re: Should I go all in with Vanguard or "diversify" with Fidelity?

foxfirev5 wrote:
Tue Mar 12, 2019 5:37 pm
Also simplicity for the sake of simplicity is not an adequate justification.
Sure it is.
by PatrickA5
Tue Mar 12, 2019 1:02 pm
Forum: Investing - Theory, News & General
Topic: Vanguard is Discontinuing their VanguardAdvantage Accounts
Replies: 589
Views: 45321

Re: Vanguard is Discontinuing their VanguardAdvantage Accounts

I wonder if nearly everyone who has a VanguardAdvantage account has commented on this thread (ie it didn't appeal to many users outside active bogleheads). Combined with the minimum portfolio size requirement, I can see how the numbers might have just be too low to achieve the economies of scale to...
by PatrickA5
Thu Mar 07, 2019 1:59 pm
Forum: Investing - Theory, News & General
Topic: Vanguard is Discontinuing their VanguardAdvantage Accounts
Replies: 589
Views: 45321

Re: Vanguard is Discontinuing their VanguardAdvantage Accounts

If you call them they will send out the forms necessary to set up checking on your money market fund. I went ahead and closed my Advantage account while on the phone, but you don't have to. No reason to wait until 7/31 to set up check writing. I thought that you cannot have an Advantage Account bil...
by PatrickA5
Wed Mar 06, 2019 10:31 am
Forum: Investing - Theory, News & General
Topic: Vanguard is Discontinuing their VanguardAdvantage Accounts
Replies: 589
Views: 45321

Re: Vanguard is Discontinuing their VanguardAdvantage Accounts

I do not believe that anyone in this thread has offered an alternative with a lower opportunity cost (i.e. a higher interest rate on a checking account) than Fidelity currently does using CMA and money market funds. I have, find a local bank or credit union that will provide decent banking services...
by PatrickA5
Wed Mar 06, 2019 9:40 am
Forum: Investing - Theory, News & General
Topic: Vanguard is Discontinuing their VanguardAdvantage Accounts
Replies: 589
Views: 45321

Re: Vanguard is Discontinuing their VanguardAdvantage Accounts

The letter sent out to Vanguard Advantage account holders mentions that there is a way to request that your Advantage account be converted to a regular Vanguard brokerage account prior to the 7/31/2019 mandatory closure date. Has anyone done this yet? I assume that if I wish to engage in checkwriti...
by PatrickA5
Tue Mar 05, 2019 4:32 pm
Forum: Investing - Theory, News & General
Topic: Vanguard is Discontinuing their VanguardAdvantage Accounts
Replies: 589
Views: 45321

Re: Vanguard is Discontinuing their VanguardAdvantage Accounts

We regretfully visited a Fidelity Service Center today and opened a Cash Management Account (CMA) to replace our Vanguard Advantage Account. We’ve used the Advantage account for the past 15 years so we’re very disappointed that Vanguard has eliminated this service for its customers. The process at ...
by PatrickA5
Mon Mar 04, 2019 9:48 am
Forum: Investing - Theory, News & General
Topic: Vanguard is Discontinuing their VanguardAdvantage Accounts
Replies: 589
Views: 45321

Re: Vanguard is Discontinuing their VanguardAdvantage Accounts

That and a Flagship representative. Flagship reps are being phased out in favor of a Flagship call center whose reps are supposed to be more experienced. Not sure how Vanguard has decided how to do the phasing which seems to be multi-year. Might be based off usage e.g. people who use their dedicate...
by PatrickA5
Mon Mar 04, 2019 9:34 am
Forum: Investing - Theory, News & General
Topic: Vanguard is Discontinuing their VanguardAdvantage Accounts
Replies: 589
Views: 45321

Re: Vanguard is Discontinuing their VanguardAdvantage Accounts

How do you think your non-investor savey heirs would react to any of these situations, are they just lambs for the picking? My written letter to my executor (my wife and daughter) explain how to setup the Vanguard accounts with their PAS. Infact I've had several phone appointments with them and in ...
by PatrickA5
Sun Mar 03, 2019 11:43 am
Forum: Investing - Theory, News & General
Topic: Vanguard is Discontinuing their VanguardAdvantage Accounts
Replies: 589
Views: 45321

Re: Vanguard is Discontinuing their VanguardAdvantage Accounts

Settlement fund is gone but Vgd MM funds offer checkwriting. Not sure what that means. Fed Money Market account is the settlement account for our taxable joint account that happens to be an Advantage Account. When the Advantage account goes away I assume we will have a "normal" brokerage account wi...
by PatrickA5
Sat Mar 02, 2019 1:35 pm
Forum: Investing - Theory, News & General
Topic: Vanguard is Discontinuing their VanguardAdvantage Accounts
Replies: 589
Views: 45321

Re: Vanguard is Discontinuing their VanguardAdvantage Accounts

My Flagship rep called with a two pronged attack. Advantage is dead and I should sign up for PAS. I told him this seemed to be going a cross purposes as Vanguard was eliminating the possibility of being a one stop solution, then pitching PAS as a one stop solution. That idea seemed to surprise him....
by PatrickA5
Fri Mar 01, 2019 4:26 pm
Forum: Investing - Theory, News & General
Topic: Vanguard is Discontinuing their VanguardAdvantage Accounts
Replies: 589
Views: 45321

Re: Vanguard is Discontinuing their VanguardAdvantage Accounts]

I sent my Flagship rep an email venting our displeasure with the announcement. To their credit, I got a call back within an hour of the email. She apologized and was very nice. Of course, no mention of having something better down the road. But, after discussing the option of check writing on my Pri...
by PatrickA5
Fri Mar 01, 2019 4:16 pm
Forum: Investing - Theory, News & General
Topic: Vanguard is Discontinuing their VanguardAdvantage Accounts
Replies: 589
Views: 45321

Re: Discontinuing VanguardAdvantage Accounts

Hah! I also JUST transitioned to VanguardAdvantage, and spent yesterday evening setting up all my BillPay accounts, and deleting them at Bank of America. Not happy! :( I agree they seem to be driving away their higher net worth clients. I even transferred my DAF from Vanguard to Fidelity last year,...
by PatrickA5
Fri Mar 01, 2019 1:34 pm
Forum: Investing - Theory, News & General
Topic: Vanguard is Discontinuing their VanguardAdvantage Accounts
Replies: 589
Views: 45321

Re: Vanguard is Discontinuing their VanguardAdvantage Accounts]

As someone who mostly uses Vanguard ETFs and who has only called Vanguard twice in the last 10 years I'm fine with cutting expenses on services I don't use. I'm all in on cost accounting that allocates expenses to share classes based on actuals. Mutual fund owners who want to keep the legacy IT pla...
by PatrickA5
Fri Mar 01, 2019 11:58 am
Forum: Investing - Theory, News & General
Topic: Vanguard is Discontinuing their VanguardAdvantage Accounts
Replies: 589
Views: 45321

Re: Vanguard is Discontinuing their VanguardAdvantage Accounts]

I guess I should be glad that I left $5 in my Ally Savings and MM accounts, so I guess I could go back to using those. I was an Advantage account holder for several years, but didn't set up any bill paying and rarely wrote a check. Most of my bills are pulled from the various utilities, etc from my ...
by PatrickA5
Sat Feb 09, 2019 4:00 pm
Forum: Personal Investments
Topic: Is the VPAS Service worth the 0.30%?
Replies: 32
Views: 2347

Re: Is the VPAS Service worth the 0.30%?

I wrote up a couple of paragraphs in my "When I'm Dead" book about VPAS for DW to read when I'm gone. She knows nothing about investing and probably will never have any desire to know much. She's more than capable. Just don't think she will take the time. Who knows, maybe the fees will come down by ...
by PatrickA5
Sat Feb 02, 2019 1:42 pm
Forum: Personal Consumer Issues
Topic: Letting Dog out everyday for lunch... the roundtrip drive is killing me.. ideas?
Replies: 151
Views: 9686

Re: Letting Dog out everyday for lunch... the roundtrip drive is killing me.. ideas?

I guess you should feel lucky to have a job that you can take a hour and half every day. I don't have a dog, but a doggie door sounds like a good idea for most people. It wouldn't work at my house. I'd have racoons and all sorts of other night animals coming in for a visit. My DS and girlfriend both...
by PatrickA5
Thu Jan 31, 2019 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of college and 529
Replies: 642
Views: 25457

Re: Cost of college and 529

If I had to do it over, I would underestimate. DS will finish college with probably $50K left in the 529. What I didn't account for was that he would have 24 hours of college credit before even leaving high school. Also, middle child went to the local community college which was totally free for the...
by PatrickA5
Thu Jan 24, 2019 10:47 pm
Forum: Investing - Theory, News & General
Topic: Taxable vs Nontaxable retirement savings: is there an ideal ratio?
Replies: 36
Views: 4039

Re: Taxable vs Nontaxable retirement savings: is there an ideal ratio?

Currently, we're sitting at 77% tax deferred and 23% tax free (Roth). I plan on doing conversions over the next several years to get closer to 50/50. That should give us more options once RMDs and SS start (in 10 years) to manipulate what our tax outcome will be. At least that's the plan. Lots of mo...
by PatrickA5
Mon Jan 21, 2019 10:58 am
Forum: Personal Investments
Topic: For those with both Vanguard and Schwab
Replies: 43
Views: 2321

Re: For those with both Vanguard and Schwab

Back in 2014, I opened a Schwab checking account and liked it. I was even thinking about moving our retirement accounts over from VG. But, the first thing the financial advisor did when I mentioned moving our IRAs was try to sell me on some very high cost, in house, actively managed mutual funds. I ...
by PatrickA5
Sat Jan 12, 2019 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: New job, sales at Subaru
Replies: 72
Views: 9697

Re: New job, sales at Subaru

My wife was buying a car once. I tagged along because they had free cookies. She did all of the upfront talking and asking questions. Then the idiot turned to me and acted like I was the only one there. The guy (and dealership) forever lost a potential customer. They could have offered it 50% off an...
by PatrickA5
Sat Jan 12, 2019 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Roth conversion
Replies: 36
Views: 3049

Re: Roth conversion

We converted up to $160K last year - which would be the point where our American Opportunity Credit for DS's college would start to phase out. So, we stopped there. We're 60 now, and plan on doing some bigger conversions for the next 2 or 3 years and then some smaller conversion to the top of the 12...
by PatrickA5
Tue Jan 08, 2019 2:07 pm
Forum: Personal Consumer Issues
Topic: Paying "cash" for auto - possibly w regular credit card?
Replies: 57
Views: 4541

Re: Paying "cash" for auto - possibly w regular credit card?

Two of the three were offering $1,000 rebates if we financed. They absolutely would not take that amount off the price - believe me I tried. The first one I waited the 3 months and paid it off. The second one I waited until I could get an online account set up and paid it off immediately. I paid a ...
by PatrickA5
Tue Jan 08, 2019 2:01 pm
Forum: Personal Consumer Issues
Topic: Vanguard Statements - Print or Electronic
Replies: 47
Views: 2771

Re: Vanguard Statements - Print or Electronic

Paper Always. You need a paper trail when you'er gone for heirs to follow. Agreed. While I have everything delivered electronically, I do make a copy of the year end statements and put it in my book for my heirs. I replace the old one. I do this with everything - even including utility bills. Why? ...
by PatrickA5
Tue Jan 08, 2019 1:40 pm
Forum: Personal Consumer Issues
Topic: Paying "cash" for auto - possibly w regular credit card?
Replies: 57
Views: 4541

Re: Paying "cash" for auto - possibly w regular credit card?

It would be very rare for any dealer to accept a credit card. I've often paid my first payment at vehicle pickup with my credit card (plus tax, title), but all dealers have refused me the ability to buy the entire vehicle with a credit card. On a separate note, make sure you're not short-changing y...
by PatrickA5
Sun Jan 06, 2019 3:06 pm
Forum: Personal Investments
Topic: 2019 tIRA to Roth conversion -- now or later?
Replies: 21
Views: 1508

Re: 2019 tIRA to Roth conversion -- now or later?

My state allows up to 10K (each) of conversions (or withdrawals) free from state income tax. So, I do that $20K in conversions at the first of the year to get it out of the way. Towards the end of December, after I know what my ytd taxes look like, I do further conversions.
by PatrickA5
Fri Jan 04, 2019 6:06 pm
Forum: Personal Investments
Topic: Consolidate to Fidelity?
Replies: 50
Views: 3216

Re: Consolidate to Fidelity?

Question: Does Fidelity have "agent authorization" similar to Vanguard. Right now, at VG, I have full authority on DW's IRA's to do transactions, withdrawals, etc. It's more or less VG's way of giving out Durable POA. I also can see all of our accounts (mine and hers) on one screen when I log in. I...
by PatrickA5
Fri Jan 04, 2019 6:02 pm
Forum: Personal Investments
Topic: Consolidate to Fidelity?
Replies: 50
Views: 3216

Re: Consolidate to Fidelity?

Question: Does Fidelity have "agent authorization" similar to Vanguard. Right now, at VG, I have full authority on DW's IRA's to do transactions, withdrawals, etc. It's more or less VG's way of giving out Durable POA. I also can see all of our accounts (mine and hers) on one screen when I log in. I...
by PatrickA5
Fri Jan 04, 2019 6:00 pm
Forum: Personal Investments
Topic: Consolidate to Fidelity?
Replies: 50
Views: 3216

Re: Consolidate to Fidelity?

Question: Does Fidelity have "agent authorization" similar to Vanguard. Right now, at VG, I have full authority on DW's IRA's to do transactions, withdrawals, etc. It's more or less VG's way of giving out Durable POA. I also can see all of our accounts (mine and hers) on one screen when I log in. I...
by PatrickA5
Fri Jan 04, 2019 5:41 pm
Forum: Personal Investments
Topic: Consolidate to Fidelity?
Replies: 50
Views: 3216

Re: Consolidate to Fidelity?

Question: Does Fidelity have "agent authorization" similar to Vanguard. Right now, at VG, I have full authority on DW's IRA's to do transactions, withdrawals, etc. It's more or less VG's way of giving out Durable POA. I also can see all of our accounts (mine and hers) on one screen when I log in. Is...
by PatrickA5
Tue Jan 01, 2019 12:25 pm
Forum: Personal Investments
Topic: Vanguard personal advisor service (PAS) for high net worth?
Replies: 70
Views: 6901

Re: Vanguard personal advisor service (PAS) for high net worth?

I also do not recommend them because of their high cost ... I wrote an IPS "to give guidance to anyone who has taken over the responsibility of managing our investment portfolio." I tried very hard to keep it focused on the important things and to do so in a way that someone inexperienced with inve...
by PatrickA5
Wed Dec 26, 2018 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Automating expense tracking
Replies: 37
Views: 2688

Re: Automating expense tracking

I was curious to know if you all find the benefits of doing tracking your expenses worth the effort? I tracked our expenses for a two years leading up to my retirement which is planned for next year just so I could determine an accurate spending level for retirement planning purposes. Beyond that, ...
by PatrickA5
Tue Dec 25, 2018 11:03 am
Forum: Personal Investments
Topic: Better options for emergency Fund than Ally CDs/Savings?
Replies: 20
Views: 2774

Re: Better options for emergency Fund than Ally CDs/Savings?

I recently moved my Ally money to VG MMF (currently 2.4%). I left a tiny amount at Ally in case they have a CD sale. I suppose VG MMF could go back down if we have a recession, but I should have plenty of time to move my funds back out and into something better.
by PatrickA5
Wed Dec 19, 2018 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 532
Views: 58506

Re: Fidelity as a one stop shop

There's nothing wrong with trying to simplify your financial life. I used to be one of those people that tried to optimize everything financially. The result was to have a bunch of different accounts at different places - just to make (or save) a few bucks. Now that I'm older, I like the idea of hav...
by PatrickA5
Fri Dec 14, 2018 11:19 am
Forum: Personal Investments
Topic: 529 with a Windfall
Replies: 22
Views: 1754

Re: 529 with a Windfall

My state has a maximum $20K deduction per year. We contributed $100K (in 2011) to fully fund our son's 529. We then took $20K deductions over the next 5 years. You might check to see if your state's plan allows you to do something similar. We did have to file a gift tax return in 2011, but no money ...
by PatrickA5
Wed Dec 12, 2018 1:33 pm
Forum: Investing - Theory, News & General
Topic: What Happened to you during the Financial crisis of 2007–2008
Replies: 249
Views: 20951

Re: What Happened to you during the Financial crisis of 2007–2008

Lost 30% in 2008 compared to year end 2007. Never took a penny out of the market and over the next 8 years contributed over $500K to our retirement accounts (including employer contributions). So, we ended up fine. For us, the 2001/2002 was much worse since the company I worked for saw it's stock va...
by PatrickA5
Mon Dec 03, 2018 3:36 pm
Forum: Personal Investments
Topic: $96/year Planning
Replies: 10
Views: 2489

Re: $96/year Planning

I've gotten financial advice from Mark/Planvision. From my experience, I would recommend him to any boglehead that has read through the parts of the wiki that are relevant to them, feels mostly self-sufficient with their plans, but would like some targeted advice from someone with experience. Also ...
by PatrickA5
Mon Dec 03, 2018 1:48 pm
Forum: Personal Investments
Topic: Basic Bucket Theory
Replies: 40
Views: 4011

Re: Basic Bucket Theory

Ok, after reading all the comments (thank you all) regarding my initial idea of having several buckets I have a new plan... Bucket 1: 2 years of living expenses in a money market fund. Bucket 2: 25 years of living expenses with this allocation: 40% vtsax, 10% vtiax, 50% vbtlx I will be retiring in ...
by PatrickA5
Mon Dec 03, 2018 11:54 am
Forum: Personal Investments
Topic: Personnel turnover in Vanguard Personal Advisory Services
Replies: 22
Views: 2278

Re: Personnel turnover in Vanguard Personal Advisory Services

Yes, you can designate which accounts you'd like to have under management. Your other accounts, whether Vanguard funds, individual equities, other mutual funds, or outside accounts like 401(k), TSP, or deferred comp, will be considered (if you wish) in your PAS asset allocation and financial plan. ...
by PatrickA5
Mon Dec 03, 2018 10:44 am
Forum: Personal Investments
Topic: Personnel turnover in Vanguard Personal Advisory Services
Replies: 22
Views: 2278

Re: Personnel turnover in Vanguard Personal Advisory Services

Question: When you join PAS do they automatically charge the AUM on all VG assets?

I personally don't have a need for PAS, but when I die it might be a good plan for DW. I was wondering if there was a way to kind of "test" the PAS plan using just a portion of assets at VG?
by PatrickA5
Sun Dec 02, 2018 4:12 pm
Forum: Personal Investments
Topic: Fidelity Money Market Funds for everyday expenses
Replies: 101
Views: 18028

Re: Fidelity Money Market Funds for everyday expenses

SPRXX looks like Fidelity's highest-yield, taxable, retail MM fund. Not quite as good as Vanguard's prime money market, though. Fidelity Money Market Fund (SPRXX), current SEC Yield = 2.09%. Vanguard Prime Money Market Fund (VMMXX) current SEC Yield = 2.30%.. How would one use VMMXX for everyday ex...
by PatrickA5
Fri Nov 30, 2018 2:54 pm
Forum: Investing - Theory, News & General
Topic: Ally just raised Online Savings accounts to 2% APY
Replies: 66
Views: 6762

Re: Ally just raised Online Savings accounts to 2% APY

Ally is great. We used it for 5 years until last weekend, moved our savings to Prime MM. 2.26% :sharebeer Did the same thing, but kept my account open. There could be a year-end "special" that might get me back. But, until then, VG Prime MM is up to 2.30%. Ally would probably have to be pushing 3% ...
by PatrickA5
Thu Nov 29, 2018 10:07 am
Forum: Investing - Theory, News & General
Topic: Do Fidelity Offices/Advisors Add Value?
Replies: 44
Views: 2889

Re: Do Fidelity Offices/Advisors Add Value?

When I did the rollover of 2 workplace savings plans at Fidelity to a Fidelity Rollover IRA, the representative said that they would have the local office reach out to me. I got both a phone message and an e-mail. From the e-mail, they provided a link from which I could schedule an appointment. I w...
by PatrickA5
Wed Nov 28, 2018 6:58 pm
Forum: Investing - Theory, News & General
Topic: Do Fidelity Offices/Advisors Add Value?
Replies: 44
Views: 2889

Re: Do Fidelity Offices/Advisors Add Value?

None of us can answer for you. Only you know your wife. If you think she is comfortable making adjustments on a 3 fund portfolio then that is a valid approach. But you seem to indicate she may need some sort of support. Is it technical or emotional? Both? I will simply say we have been with Fidelit...
by PatrickA5
Wed Nov 28, 2018 4:58 pm
Forum: Investing - Theory, News & General
Topic: Do Fidelity Offices/Advisors Add Value?
Replies: 44
Views: 2889

Re: Do Fidelity Offices/Advisors Add Value?

It seems to me that if you kick the bucket first, it would be much harder for your wife to move everything to a place with an office than to just leave it. Leaving things at VG and suggesting that she sign up for PAS makes a lot more sense in terms of the burden that will fall on her. If I were goi...