Search found 356 matches

by PatrickA5
Sat Feb 09, 2019 4:00 pm
Forum: Personal Investments
Topic: Is the VPAS Service worth the 0.30%?
Replies: 32
Views: 2278

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: 9512

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: 24661

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: 3998

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: 2262

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: 70
Views: 9106

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: 3000

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: 4515

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: 2725

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: 4515

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: 19
Views: 1231

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: 2975

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: 2975

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: 2975

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: 2975

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: 6546

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: 2636

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: 2720

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: 265
Views: 28734

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: 1730

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: 20603

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: 2308

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: 3956

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: 2239

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: 2239

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: 16862

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: 6674

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: 2825

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: 2825

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: 2825

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...
by PatrickA5
Wed Nov 28, 2018 3:34 pm
Forum: Investing - Theory, News & General
Topic: Do Fidelity Offices/Advisors Add Value?
Replies: 44
Views: 2825

Re: Do Fidelity Offices/Advisors Add Value?

Naturally, the higher the level of a client’s knowledge the more easily will he be able to notice false and incomplete information as well as implausible and futile arguments given by the advisor. Finally, highly knowledgeable clients can easily compare the recommended products with alternative off...
by PatrickA5
Wed Nov 28, 2018 2:42 pm
Forum: Investing - Theory, News & General
Topic: Do Fidelity Offices/Advisors Add Value?
Replies: 44
Views: 2825

Re: Do Fidelity Offices/Advisors Add Value?

Do you have children that can be trusted with managing your assets? If your wife is not into money management, having responsible and capable child(ren) can be the next best thing. Alternatively, you can set up VG PAS in advance and treat the annual AUM fee as an insurance against possible future m...
by PatrickA5
Wed Nov 28, 2018 2:33 pm
Forum: Investing - Theory, News & General
Topic: Do Fidelity Offices/Advisors Add Value?
Replies: 44
Views: 2825

Re: Do Fidelity Offices/Advisors Add Value?

It seems like you are happy with Vanguard. Perhaps a solution would be to leave instructions that in the event of your passing, all of you and your wife's assets should transfer to Vanguard Personal Advisor Services. Yes there is the extra advisory fee, but it is very competitive relative to the in...
by PatrickA5
Wed Nov 28, 2018 2:13 pm
Forum: Investing - Theory, News & General
Topic: Do Fidelity Offices/Advisors Add Value?
Replies: 44
Views: 2825

Re: Do Fidelity Offices/Advisors Add Value?

That was one of the things that concerned me. Would DW be talked into some high cost investment?

But, when I pass would it be significantly easier for her (or kids when she passes) to go to an office to arrange things?
by PatrickA5
Wed Nov 28, 2018 12:36 pm
Forum: Investing - Theory, News & General
Topic: Do Fidelity Offices/Advisors Add Value?
Replies: 44
Views: 2825

Do Fidelity Offices/Advisors Add Value?

DW and I currently have all of our retirement accounts and a brokerage account at Vanguard. We've been fairly pleased over the years with Vanguard customer service and website - at least to the point that we wouldn't change just for improvements in those areas. We're also happy with the funds and co...
by PatrickA5
Tue Nov 27, 2018 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Real Estate upon death
Replies: 33
Views: 2073

Re: Real Estate upon death

I'd be inclined to wait it out and see how things progress in the future. If your FIL absolutely won't move to assisted living (if the time comes), it's very possible your SIL will end up being his day-to-day caregiver - that is if she wants to stay in the house. If that happens, the other siblings ...
by PatrickA5
Thu Nov 15, 2018 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Amazon says TurboTax 2018 will be released November 12
Replies: 85
Views: 10286

Re: Amazon says TurboTax 2018 will be released November 12

Downloaded my TT yesterday. I always buy it early so I can play around with the numbers and do the appropriate Roth conversions at the end of December. The main thing that I've noticed (about my tax situation) that is not ready is the $500 "other dependent credit". Oh, that and the education credits...
by PatrickA5
Thu Nov 15, 2018 1:43 pm
Forum: Personal Investments
Topic: Oops! Edward Jones tops Vanguard in customer survey
Replies: 50
Views: 5395

Re: Oops! Edward Jones tops Vanguard in customer survey

When I get my oil changed for my Infiniti, I go to the dealership. They have free cookies, drinks and a really nice service department with very friendly people. When I get my Honda's oil change, I go to Jiffy Lube. Dumpy office, personnel aren't friendly, etc. I pay more at the dealership but it's ...
by PatrickA5
Mon Nov 12, 2018 9:42 am
Forum: Personal Investments
Topic: Financial Engines thru Vanguard
Replies: 14
Views: 975

Re: Financial Engines thru Vanguard

I use it as one of several retirement calculators. I like it, but I think it tends to skew the projected income a little higher than most. I haven't studied the methodology much, but seems to be using a fairly high withdrawal rate. For example, plugging in my numbers, Financial Engines gives me a pr...
by PatrickA5
Sat Nov 10, 2018 1:38 pm
Forum: Personal Investments
Topic: Rearrange 3 fund portfolio or leave accounts mirrored
Replies: 16
Views: 1525

Re: Rearrange 3 fund portfolio or leave accounts mirrored

We have the same fund (VG Lifestyle Moderate) as the only holding in each of our retirement accounts (his/hers Roth and Traditional IRA's). This is basically a 4 fund portfolio and is super simple. No desire to make things more complicated by having different asset types in different accounts as I d...
by PatrickA5
Sat Nov 10, 2018 1:28 pm
Forum: Personal Investments
Topic: Vanguard customer service
Replies: 12
Views: 1732

Re: Vanguard customer service

I've had problems with VG and Fidelity customer service in the past. It's always hit or miss. My Flagship rep seems pretty good, but haven't used her much. The worst lack of knowledge I've experienced was when a Fidelity rep told me there is no way to have after tax "basis" in a Traditional IRA. I t...
by PatrickA5
Thu Nov 08, 2018 11:18 pm
Forum: Personal Finance (Not Investing)
Topic: Amazon says TurboTax 2018 will be released November 12
Replies: 85
Views: 10286

Re: Amazon says TurboTax 2018 will be released November 12

I pre-ordered a download last month. My CC was charged yesterday. When I log on to my Intuit account it says downloads will be available on the 7th (yesterday). I called Intuit and they said they were having problems making the downloads available. So, I guess I'll wait. Obviously, some forms will n...
by PatrickA5
Thu Nov 08, 2018 11:11 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax on TaxMarkDown.com
Replies: 42
Views: 4861

Re: TurboTax on TaxMarkDown.com

I pre-ordered directly from Intuit a month ago. Their website says it will be available on Nov 7th, but it still doesn't show up to be downloaded. I called Intuit and they said they were having problems making the downloads available - or something like that. I'll try again tomorrow.
by PatrickA5
Thu Nov 08, 2018 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Documents
Replies: 32
Views: 2725

Re: estate Documents

ITA with reading, learning, then hiring an attorney for consult and drawing up documents. I found these resources helpful. Most can be obtained from your library. They are popular, so request them rather than expect them to be available on the shelf. Books Making the Most of Your Money Now and How ...
by PatrickA5
Thu Nov 08, 2018 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: 1/3 of Baby Boomers have no retirement savings...
Replies: 77
Views: 8406

Re: 1/3 of Baby Boomers have no retirement savings...

I'm not following the logic of the chart.. why do the higher incomes need higher multiple of income saved? Are they discounting for the SS bend points offsetting more expenses for the lower income cohort? or something else? I would assume it has to do with lifestyle creep and the thought that the c...
by PatrickA5
Wed Nov 07, 2018 6:38 pm
Forum: Personal Investments
Topic: Move savings to Prime Money Market Fund (VMMXX)
Replies: 55
Views: 8463

Re: Move savings to Prime Money Market Fund (VMMXX)

wesgreen wrote:
Wed Nov 07, 2018 4:41 pm
Vanguard's Prime Money Market Fund works well as a checking account, but you're only allowed to write checks for at least $250.00.
If interested in a Vanguard Checking account, you might look into the VG Advantage account. No minimum check writing.
by PatrickA5
Wed Nov 07, 2018 6:35 pm
Forum: Personal Investments
Topic: Move savings to Prime Money Market Fund (VMMXX)
Replies: 55
Views: 8463

Re: Move savings to Prime Money Market Fund (VMMXX)

How do I find out how much of Federal MM is taxable in my state? I found the PDF that showed the taxable percentages for their municipal funds, but nothing on Federal MM. If you live in a state with state and local income taxes, don't overlook VMFXX either. The effective yield after tax might be ev...
by PatrickA5
Wed Nov 07, 2018 3:16 pm
Forum: Personal Investments
Topic: Move savings to Prime Money Market Fund (VMMXX)
Replies: 55
Views: 8463

Re: Move savings to Prime Money Market Fund (VMMXX)

FYI, Vanguard Federal MM has a 2.13% compound yield, and is just 11 bp behind Prime MM's 2.24% yield. Federal MM has some advantages over Prime MM. For example, in many states Federal MM is tax advantaged for state tax (unlike Prime MM, which is taxed 100% as income for state taxes). So for many pe...
by PatrickA5
Wed Nov 07, 2018 3:08 pm
Forum: Personal Investments
Topic: Move savings to Prime Money Market Fund (VMMXX)
Replies: 55
Views: 8463

Re: Move savings to Prime Money Market Fund (VMMXX)

I'm in the process of moving my savings out of Ally back to Vanguard. I have the Vanguard Advantage checking account that's tied to the Federal Money Market fund. I'll probably put some into Prime Money Market, too. I got tired of dealing with Ally CD's when the Prime Money Market is close to the be...
by PatrickA5
Tue Nov 06, 2018 10:59 am
Forum: Personal Investments
Topic: Fidelity-Very Negative Experience with Inheritance Services
Replies: 9
Views: 2934

Re: Fidelity-Very Negative Experience with Inheritance Services

I called the Inheritor Services number today to ask some background questions about the mechanics of Survivor Options on brokered CDs and payments to listed beneficiaries. Was on hold for 74 minutes before the Fido system abruptly hung up on me. Never did speak to anyone. Doesn't bode well for futu...