Search found 386 matches

by Oak&Elm
Sun Aug 04, 2019 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Gift to son question
Replies: 12
Views: 1141

Re: Gift to son question

Yes the money is going just to the son, we want him to be able to use this for the wedding if necessary, this is an early wedding gift. They are in Florida and we are in Minnesota so we won’t be there to help with a lot of the planning/ expenses
by Oak&Elm
Sun Aug 04, 2019 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: Gift to son question
Replies: 12
Views: 1141

Re: Gift to son question

Well it’s a wedding gift for both of them but the check will be in my sons name only. With the 2019 limit at 15k I just didn’t want to trigger any tax issues, obviously my wife could write a check for 15k and I could write a 2nd check for 10k but the funds would be coming from our joint checking acc...
by Oak&Elm
Sun Aug 04, 2019 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Gift to son question
Replies: 12
Views: 1141

Gift to son question

My wife and I are planning to give our son $25k for his wedding present, are there any tax issues if we write a single check for the full amount or do my wife and I each need to write a check for 1/2 to show this gift does not exceed the annual limit from one parent. Pretty sure it doesn’t matter bu...
by Oak&Elm
Tue May 28, 2019 11:58 am
Forum: Personal Investments
Topic: CD - EF Strategy
Replies: 13
Views: 749

Re: CD - EF Strategy

I do have other available funds if necessary, I was sorta thinking if something goes South I have 12 months of income without liquidating investments and paying cap gains.
by Oak&Elm
Tue May 28, 2019 11:40 am
Forum: Personal Investments
Topic: CD - EF Strategy
Replies: 13
Views: 749

Re: CD - EF Strategy

Yep, Redneck Bank is a great option too, so many choices. I had the MM account with Redneck but didn't like having to call if I wanted to move more than $5k at a time, Not sure what that was all about.
by Oak&Elm
Tue May 28, 2019 11:17 am
Forum: Personal Investments
Topic: CD - EF Strategy
Replies: 13
Views: 749

Re: CD - EF Strategy

I'm thinking each cd (12)would be $5k. The extra yield would be .004 (cd vs Vanguard prime MM) So $60k x .004 is $240/year. The cd's will renew themselves so after a year no work on my part.
by Oak&Elm
Tue May 28, 2019 10:33 am
Forum: Personal Investments
Topic: CD - EF Strategy
Replies: 13
Views: 749

CD - EF Strategy

Just wondering if this strategy is overly complicated? Looking at purchasing a 1 year cd at the current rate of 2.8% on the first day of each month. I would hold enough in there for a month's expenses. My thinking is this would work for my emergency fund and provide a little better yield. If I do ne...
by Oak&Elm
Fri May 24, 2019 5:12 pm
Forum: Personal Investments
Topic: Should I go to a Fidelity Office to Set up Account?
Replies: 39
Views: 3000

Re: Should I go to a Fidelity Office to Set up Account?

I recently helped a friend move from Fidelity to Vanguard for the same concerns you have expressed. Overly complicated, expensive advisor recommended portfolio. If I die before my DW (which is a very likely possibility) I took about an hour and wrote down exactly what to do with each account.... don...
by Oak&Elm
Wed Mar 20, 2019 6:25 pm
Forum: Investing - Theory, News & General
Topic: BIV Intermediate Bond up .6%
Replies: 2
Views: 312

BIV Intermediate Bond up .6%

Not that I watch this everyday but just noticed Vanguard Intermediate Bond Fund jumped .6% today. That’s the biggest one day move in this fund I’ve seen in a long time, glad I own a bunch but just wondering what made it move like this?
by Oak&Elm
Tue Mar 19, 2019 9:59 am
Forum: Personal Investments
Topic: How to get over a $25K stock market loss?
Replies: 125
Views: 10848

Re: How to get over a $25K stock market loss?

I am just unable to get over the $25K loss in a span of less than three months and it is affecting my personal life. I wake up every morning and the first thing I look up is prices of VGT and VTI and the day just goes downhill from there. I'm thinking there are 5,000+ folks on this forum (myself in...
by Oak&Elm
Tue Mar 12, 2019 10:27 am
Forum: Personal Investments
Topic: Spouse wants to buy individual stocks
Replies: 78
Views: 6057

Re: Spouse wants to buy individual stocks

If buying some individual stocks is the worst thing someone could say about a spouse....
+1
Be thankful this is your husbands "bad habit"
by Oak&Elm
Wed Mar 06, 2019 12:26 pm
Forum: Personal Investments
Topic: Pension or lump sum?
Replies: 35
Views: 3170

Re: Pension or lump sum?

Actuaries are very good at figuring out the lump sum payout versus the monthly benefit, usually it comes down to how long to you think you will live. Kinda morbid but that's basically the question. I think your fine either way, only thing I would question is how financially stable is this pension fu...
by Oak&Elm
Thu Feb 28, 2019 10:23 am
Forum: Personal Investments
Topic: Best online high yield savings suggestions
Replies: 34
Views: 4224

Re: Best online high yield savings suggestions

Like others have said they take turns offering the highest yields.
My favoties are:
Redneck Bank 2.5% up to $50k
Purepoint Bank 2.35% $10k min
Live Oak Bank 2.3% no min

Of these 3 favorites Live Oak also offers some of the best cd rates with low ewp
by Oak&Elm
Wed Feb 20, 2019 2:24 pm
Forum: Personal Investments
Topic: Moving money from financial advisor...
Replies: 31
Views: 1762

Re: Moving money from financial advisor...

After my parents passed away I was in charge of their and now my money. I could see for the first time how much this advisor cost my parents and it was tough. All I could think was how hard my parents worked and saved to provide this inheritance. My parents never learned to use a computer so a full ...
by Oak&Elm
Wed Feb 20, 2019 8:08 am
Forum: Personal Investments
Topic: PIMCO Total Return Fund
Replies: 10
Views: 1030

Re: PIMCO Total Return Fund

As for my John Hancock 401k cash option there is "Stable Value" but it comes with a .61 bp. The difficulty I have in balancing my AA is this account represents 1/3 of my total assets. Don't really want to 100% bonds in my ROTH just to avoid PIMCO
by Oak&Elm
Tue Feb 19, 2019 12:28 pm
Forum: Personal Investments
Topic: PIMCO Total Return Fund
Replies: 10
Views: 1030

Re: PIMCO Total Return Fund

Thanks ruralavalon,
Maybe I put to much emphasis on the er. I'm not comfortable at 75% stocks, sleep better at 60%
by Oak&Elm
Tue Feb 19, 2019 12:10 pm
Forum: Personal Investments
Topic: PIMCO Total Return Fund
Replies: 10
Views: 1030

PIMCO Total Return Fund

My 401k plan through work is with John Hancock. The fund options are not ideal, however they do offer a S&P 500 fund with a er of just .02%. I like that and have 75% of my assets in it. As for bonds my only option is PIMCO Total Return Fund (PTRAX) with an er of .80, not so great, that funds gets th...
by Oak&Elm
Fri Feb 08, 2019 3:46 pm
Forum: Personal Investments
Topic: VEXAX (extended market index) in taxable
Replies: 5
Views: 327

Re: VEXAX (extended market index) in taxable

You have a large-cap tilt right now which was not intended, so I would correct it by putting more money in VEXAX. If you ever have another TLH opportunity where both are in the negative, at that point you can consider returning to TSM
Good call bluquark
by Oak&Elm
Fri Feb 08, 2019 3:38 pm
Forum: Personal Investments
Topic: VEXAX (extended market index) in taxable
Replies: 5
Views: 327

Re: VEXAX (extended market index) in taxable

Thank you Ruralavalon, the other option I’m considering is new money I can just go towards TSM and just leave VFINX (Vanguard S&P 500) no harm in having 2 similar funds
by Oak&Elm
Fri Feb 08, 2019 3:05 pm
Forum: Personal Investments
Topic: VEXAX (extended market index) in taxable
Replies: 5
Views: 327

VEXAX (extended market index) in taxable

Late December I TLH from TSM to S&P 500. I would prefer TSM in my taxable account but now I’m kinda committed to the S&P 500 unless I want to switch back and get hit with cap gains. So I’m thinking I could just add Vanguard Extended Market (VEXAX) to get the small and mid cap stocks to get closer to...
by Oak&Elm
Tue Feb 05, 2019 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Access Accounts Work Computer
Replies: 16
Views: 836

Re: Access Accounts Work Computer

Buy a Chromebook, you can get a pretty nice one for about 300 bucks. ONLY login to sensitive accounts using said Chromebook, except in case of emergency
.

Good call, I will do just that. Thanks
by Oak&Elm
Tue Feb 05, 2019 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Access Accounts Work Computer
Replies: 16
Views: 836

Re: Access Accounts Work Computer

When it comes to computer vulnerability I would be what you would call a likely potenial victim. Thanks for the help,
by Oak&Elm
Tue Feb 05, 2019 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Access Accounts Work Computer
Replies: 16
Views: 836

Re: Access Accounts Work Computer

If I worked for a non tech company with a bunch of antique Windows 7 machines where my co-workers installed every crappy toolbar known to man I would stay far away
.

My work computer has windows 7. I think going forward I will play it safe and only login from home.
by Oak&Elm
Tue Feb 05, 2019 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Access Accounts Work Computer
Replies: 16
Views: 836

Re: Access Accounts Work Computer

Thanks Silk,
I work at a University and they seem to be up to speed on protecting our internet safety. I think I'm equally as safe accessing my accounts from either work or home.
by Oak&Elm
Tue Feb 05, 2019 7:33 am
Forum: Personal Finance (Not Investing)
Topic: Access Accounts Work Computer
Replies: 16
Views: 836

Access Accounts Work Computer

After a recent post about accessing your accounts from Starbucks or Public Library computer I have changed my ways. I have become more concerned, probably even paranoid about accessing my accounts online. I have in the past also logged in from my work computer. I am the only person to use my work co...
by Oak&Elm
Mon Feb 04, 2019 12:48 pm
Forum: Personal Investments
Topic: Why ally bank
Replies: 30
Views: 3923

Re: Why ally bank

I recently closed my Ally savings account only because I had 3 online banks plus 1 BM which is unnecessary. No issues whatsoever with Ally, the other two PurePoint and Live Oak Bank offered everything I needed and had better rates on savings and CD's.
by Oak&Elm
Thu Jan 31, 2019 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Public Library computers
Replies: 51
Views: 3959

Re: Public Library computers

Got it, best to only access accounts from home on my IP address on my computer. Thanks
by Oak&Elm
Thu Jan 31, 2019 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Public Library computers
Replies: 51
Views: 3959

Re: Public Library computers

I thought wireless was easier to hack
by Oak&Elm
Thu Jan 31, 2019 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Public Library computers
Replies: 51
Views: 3959

Public Library computers

I have deep concerns about accessing my accounts at say a coffee shop with free wireless WiFi but what about a public library with hard wired data? Anyone had issues?
by Oak&Elm
Mon Jan 28, 2019 3:30 pm
Forum: Forum Issues and Administration
Topic: Earliest “Joined “ Date
Replies: 7
Views: 862

Re: Earliest “Joined “ Date

Didn’t know that list was available.... never mind
by Oak&Elm
Mon Jan 28, 2019 3:23 pm
Forum: Forum Issues and Administration
Topic: Earliest “Joined “ Date
Replies: 7
Views: 862

Earliest “Joined “ Date

Just for fun I was wondering who can boast the earliest joined date? I have noticed several from 2007, mine is 3/18/15
by Oak&Elm
Sun Jan 27, 2019 10:41 am
Forum: Personal Investments
Topic: tIRA withdrawal question
Replies: 15
Views: 862

Re: tIRA withdrawal question

Not sure how the old Vanguard platform works but my guess is the fund settlement delay is figured in somehow,like they say I don’t care how you make the sausage just get it done.
by Oak&Elm
Sun Jan 27, 2019 8:38 am
Forum: Personal Investments
Topic: tIRA withdrawal question
Replies: 15
Views: 862

Re: tIRA withdrawal question

Most brokerages have a 1-3 day settlement delay between the time you sell your funds and they are available for withdrawal. The transaction fee I was referring to was for folks who have the broker execute their trade, if you are a diy there is no fee unless the brokerages don’t directly sell that fu...
by Oak&Elm
Sun Jan 27, 2019 7:23 am
Forum: Personal Investments
Topic: tIRA withdrawal question
Replies: 15
Views: 862

Re: tIRA withdrawal question

Hey, just wanted to say thanks for the helpful responses. I have a friend who just retired and I just want to help him help himself. Even though he’s a dinosaur with computers I think he can handle this. I think diy is less complicated than working with an advisor anyhow IMO and obviously saves you ...
by Oak&Elm
Sat Jan 26, 2019 8:14 pm
Forum: Personal Investments
Topic: tIRA withdrawal question
Replies: 15
Views: 862

Re: tIRA withdrawal question

So as for the withdrawal that’s all you need to do, sell it, let the funds settle, identify how much in taxes to withhold and than transfer to your checking/savings account ?
by Oak&Elm
Sat Jan 26, 2019 7:42 pm
Forum: Personal Investments
Topic: tIRA withdrawal question
Replies: 15
Views: 862

Re: tIRA withdrawal question

Well actually if he could just call Vanguard and say sell some of fund X and send me a check that would work even better, even if he gets charged for a broker assisted trade if he can limit it to once or twice a year that expense would be minimal
by Oak&Elm
Sat Jan 26, 2019 7:29 pm
Forum: Personal Investments
Topic: tIRA withdrawal question
Replies: 15
Views: 862

tIRA withdrawal question

Please bear with me I know this is a dumb question. When in retirement and you want to take funds from a tIRA is it a simple as sell a portion of an investment, wait for it to settle and then transfer it to your personal linked checking/ savings account? Is there a prompt to have federal and state t...
by Oak&Elm
Sat Jan 26, 2019 10:58 am
Forum: Investing - Theory, News & General
Topic: Fidelity Advisory Service
Replies: 17
Views: 1109

Re: Fidelity Advisory Service

I agree the best solution is for Bob to learn how to be a diy guy and not to worry about doing financial transactions online. He could always just subscribe to LifeLock or something if that helps him sleep at night, it would be far cheaper than any broker fees.
by Oak&Elm
Sat Jan 26, 2019 10:23 am
Forum: Investing - Theory, News & General
Topic: Fidelity Advisory Service
Replies: 17
Views: 1109

Re: Fidelity Advisory Service

Thanks everyone for the good advice, I’m meeting with my friend (Bob) next week to simply help him login to his current account with John Hancock. I will find out more what he really needs. My guess is all he wants is to consolidate his money to a local brokerage and invest in something conservative...
by Oak&Elm
Fri Jan 25, 2019 12:23 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Advisory Service
Replies: 17
Views: 1109

Re: Fidelity Advisory Service

It might be the best thing is coaching in how to not be frozen out of the electronic world.
No offense taken at all, you are right, at 65 yo he hopefully has many years ahead and it's time to learn a few things.
by Oak&Elm
Fri Jan 25, 2019 12:17 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Advisory Service
Replies: 17
Views: 1109

Re: Fidelity Advisory Service

Why not setup one time the target date funds for him?
I could help him get started, I'm thinking as a retired guy he may even enjoy learning and saving those fees, kinda like a part time job.
by Oak&Elm
Fri Jan 25, 2019 12:06 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Advisory Service
Replies: 17
Views: 1109

Re: Fidelity Advisory Service

Not sure what to do for him, he doesn't even know how to get on a computer and log in to an account, really starting from scratch. I guess if he asks me to help I could but I'm just a guy who handles his own investments. I don't want to be responsible for my friends money.
by Oak&Elm
Fri Jan 25, 2019 11:57 am
Forum: Investing - Theory, News & General
Topic: Fidelity Advisory Service
Replies: 17
Views: 1109

Fidelity Advisory Service

I have a friend who just retired and is planning to move his retirement 401k to Fidelity. He likes Fidelity because there is an office near his home. Since I'm a Vanguard guy plus 100% diy I never really looked at Advisory fees. Now that I dug into this it looks like Fidelity charges between .50% an...
by Oak&Elm
Thu Jan 24, 2019 4:10 pm
Forum: Personal Investments
Topic: Balanced (VBIAX) vs Wellington (VWENX) math question
Replies: 18
Views: 2548

Re: Balanced (VBIAX) vs Wellington (VWENX) math question

For the dividend calculation I just looked at the Vanguard website and averaged the last 4 or 5 distributions in my head, like I said this whole exercise took all of 2 minutes, didn’t really care about cap gains, just a ballpark number. Still don’t hate the idea of buying Wellington with this pile o...
by Oak&Elm
Thu Jan 24, 2019 3:30 pm
Forum: Personal Investments
Topic: Balanced (VBIAX) vs Wellington (VWENX) math question
Replies: 18
Views: 2548

Re: Balanced (VBIAX) vs Wellington (VWENX) math question

Radiowave,
Thank you, I was unaware that Vanguard provided that service. That greatly helps my strategy for setting up my wife.
by Oak&Elm
Thu Jan 24, 2019 3:05 pm
Forum: Personal Investments
Topic: Balanced (VBIAX) vs Wellington (VWENX) math question
Replies: 18
Views: 2548

Re: Balanced (VBIAX) vs Wellington (VWENX) math question

Thanks Tom,
I’m with you on the Life strategy funds or TD for that matter. Maybe the answer is two funds TSM and TBM and weekly mandatory training session with my wife. She has jokingly threatened to withdraw everything and put it in a checking account.
by Oak&Elm
Thu Jan 24, 2019 2:21 pm
Forum: Personal Investments
Topic: Balanced (VBIAX) vs Wellington (VWENX) math question
Replies: 18
Views: 2548

Re: Balanced (VBIAX) vs Wellington (VWENX) math question

Thanks everyone for your responses, I did this dividend calculation in about 2 minutes, all I was looking for was close enough. The bigger picture here is I’m trying to detail a financial plan for my wife in writing in the event I die before her. I’m 57 and have had serious health issues, she is 58 ...
by Oak&Elm
Thu Jan 24, 2019 9:45 am
Forum: Personal Investments
Topic: Balanced (VBIAX) vs Wellington (VWENX) math question
Replies: 18
Views: 2548

Balanced (VBIAX) vs Wellington (VWENX) math question

Balanced 60/40(VBIAX) vs Wellington 65/35(VWENX) math question on dividends. Looking to make a substantial purchase (for me) in a couple months. Looking at these 2 funds for a set it and forget situation, if I touch this money at all it would likely only be withdrawing the dividends, with that is my...
by Oak&Elm
Tue Jan 22, 2019 3:45 pm
Forum: Personal Investments
Topic: Lincoln Financial???
Replies: 8
Views: 684

Re: Lincoln Financial???

Thanks guys, good advice
by Oak&Elm
Tue Jan 22, 2019 2:55 pm
Forum: Personal Investments
Topic: Lincoln Financial???
Replies: 8
Views: 684

Re: Lincoln Financial???

Thanks Brad,
I’m actually more concerned about what she should do with the terminated 401k. It’s small enough to just cash the check, pay the taxes and penalties and move on. OTH I’m glad she wants to invest for retirement, back to roll it where?