Search found 3800 matches

by Steelersfan
Mon Jul 06, 2020 6:21 pm
Forum: Personal Investments
Topic: Requesting advice: Ed Jones (taxable) to Vanguard for folks in mid-90s
Replies: 46
Views: 2767

Re: Requesting advice: Ed Jones (taxable) to Vanguard for folks in mid-90s

EDITED TO ADD: My intent is to eventually move all to Vanguard within the coming year. Personally, I'd call Vanguard and inquire which of the assets can be moved over in-kind, and them move all of those over immediately, or at least once the folks get an account established. Then, I'd look at anyth...
by Steelersfan
Mon Jul 06, 2020 5:13 pm
Forum: Personal Investments
Topic: Requesting advice: Ed Jones (taxable) to Vanguard for folks in mid-90s
Replies: 46
Views: 2767

Re: Requesting advice: Ed Jones (taxable) to Vanguard for folks in mid-90s

I don't have any input beyond what others had said, but what a good person you must be for taking care of your parents as you are. And your thoughtful replies to the posts made here just reinforce that opinion.
by Steelersfan
Tue Jun 23, 2020 6:32 pm
Forum: Personal Consumer Issues
Topic: Made a horrible decision with regards to car. need guidance
Replies: 60
Views: 6214

Re: Made a horrible decision with regards to car. need guidance

Am I the only one who thinks he should just keep it? The biggest negative in buying in a new car is the day one depreciation which has already happened. If you could buy the exact same car today for $40k, would you? " I can't even drive it in winter there aren't any winter tires for it." , he said.
by Steelersfan
Wed Jun 17, 2020 7:48 pm
Forum: Personal Investments
Topic: Why Morgan Stanley Says the 60/40 Portfolio Is Doomed
Replies: 107
Views: 11004

Re: 60/40 split at 70 year old?

UpperNwGuy wrote:
Tue Jun 16, 2020 6:07 pm
I keep reading about people who plan to be 60/40 for life.
That's me. :D

My annual expenses are covered by SS and a pension.
by Steelersfan
Fri Jun 12, 2020 7:11 am
Forum: Personal Finance (Not Investing)
Topic: Chase reducing credit card limits
Replies: 127
Views: 13504

Re: Chase reducing credit card limits

I got the letter, reduced my limit from $30,000 to $9,000. I'm OK with that since it's my back-up card and I only use it in the quarters of the year and in the places when I get 5% cash back. That's never been more than $500.
by Steelersfan
Thu Jun 11, 2020 11:19 am
Forum: Personal Consumer Issues
Topic: Car Condos
Replies: 9
Views: 694

Re: Car Condos

I knew a guy in Boston who paid $70,000 for a parking space in a converted multi-level, open to the elements, parking garage. And that was in the 1980's.
by Steelersfan
Sat Jun 06, 2020 8:23 pm
Forum: Personal Investments
Topic: Retirees: what is your AA?
Replies: 80
Views: 3922

Re: Retirees: what is your AA?

Early 70's, pensions cover expenses. Asset allocation is 60%/40%, has been since I retired and I plan to stick with that.

I've gone a little above 60% currently since bonds don't seem good right now - low yield and high risk of price falling if/when interest rates rise.
by Steelersfan
Fri May 29, 2020 5:28 pm
Forum: Personal Investments
Topic: Vanguard Personal Advisor vs. Local Advisor
Replies: 23
Views: 1935

Re: Vanguard Personal Advisor vs. Local Advisor

What kinds of funds will the local advisor recommend to you?

If they have loads associated with them he's no bargain, and he may be getting a slice of that. If they have high expense ratios (more than .5%) that will be more on an annual basis than Vanguard's offering.
by Steelersfan
Sat May 23, 2020 11:23 am
Forum: Personal Investments
Topic: Ameriprise vs Vanguard PAS vs Three fund approach
Replies: 13
Views: 742

Re: Ameriprise vs Vanguard PAS vs Three fund approach

Ameriprise, hands down, is the worst alternative of those three.
by Steelersfan
Sun May 17, 2020 6:22 pm
Forum: Personal Consumer Issues
Topic: How to gift to your kids ?
Replies: 8
Views: 1302

Re: How to gift to your kids ?

The amount has increased over the years, but currently it's a $10,000 check to each adult child on their birthday. Grand kids aren't old enough to consider yet and some of the annual gift goes into 529 accounts for them anyway.

It's likely to go up in future years.
by Steelersfan
Wed May 13, 2020 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: Family member returning borrowed money?
Replies: 27
Views: 3107

Re: Family member returning borrowed money?

From what I know, the money laundering list involves cash transactions, i.e. the green stuff. You're not dealing with cash so no issue.
by Steelersfan
Wed May 13, 2020 8:40 pm
Forum: Personal Consumer Issues
Topic: Dental estimate for a gold crown
Replies: 28
Views: 2010

Re: Dental estimate for a gold crown

I've gotten a number of crowns over the last ten years, all porcelain and all still in place and working well. Whether you want to go with gold is up to you. My cost for each of them has been $1,050, but I think that's a lower than market price since the dental hygienists has said she's asked the De...
by Steelersfan
Wed May 13, 2020 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Naming Beneficiaries at Vanguard
Replies: 15
Views: 986

Re: Naming Beneficiaries at Vanguard

UpperNwGuy wrote:
Wed May 13, 2020 1:38 pm
Where in Vanguard's website is the page where you input your beneficiaries? I spent quite a while looking for it a few weeks back and came up empty handed.
Hover over "My Accounts", then click "Service Options Checklist" and "Set up beneficiaries" is item five on that page.
by Steelersfan
Fri May 08, 2020 12:58 pm
Forum: Personal Investments
Topic: Vanguard Check policy changing in July
Replies: 22
Views: 2018

Re: Vanguard Check policy changing in July

rkhusky wrote:
Fri May 08, 2020 10:51 am
Your Vanguard account and bank account will need to be titled identically.
Probably not identically. My Vanguard account has my middle initial and my banking account does not.
by Steelersfan
Tue May 05, 2020 8:18 pm
Forum: Personal Consumer Issues
Topic: can't log on [to Vanguard website]
Replies: 70
Views: 2450

Re: can't log on

Me too, at 9:15 EDT
by Steelersfan
Mon Apr 20, 2020 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: How to negotiate severance if laid off?
Replies: 75
Views: 6227

Re: How to negotiate severance if laid off?

Looks like my megacorp offers 1 week for every 6mths service. They pay for COBRA for 6mth post-layoff and stocks continue to vest for 6mth post-layoff. How would you guys rate this policy? Assuming I've been working for 3 years, that means I get 6 weeks payout. Including unused vacation time (about...
by Steelersfan
Sat Apr 18, 2020 11:48 am
Forum: Personal Investments
Topic: Northwestern Mutual 3.5% on Inherited Cash
Replies: 51
Views: 3776

Re: Northwestern Mutual 3.5% on Inherited Cash

Lafder wrote:
Sat Apr 18, 2020 8:44 am
3.5% sounds solid.

But what are the annual expenses?

3.5% minus 1% or 1.5% is not as great as 3.5%

lafder
There would be no annual expenses on the account. It would earn the whole 3.5%.
by Steelersfan
Fri Apr 17, 2020 7:59 pm
Forum: Personal Consumer Issues
Topic: How to deal with loud neighbor bass noise in NYC
Replies: 34
Views: 1881

Re: How to deal with loud neighbor bass noise in NYC

Resolve never to be in only the highest apartment with nothing above. j :happy I live on the top floor of a condo and living on the top floor certainly has it's advantages for eliminating some noise issues. But bass music travels just as well up as down. I hear it from time to time from the unit be...
by Steelersfan
Wed Apr 15, 2020 6:36 am
Forum: Personal Finance (Not Investing)
Topic: How many paid for kids' college?
Replies: 282
Views: 14053

Re: How many paid for kids' college?

We paid tuition and room and board for three at out of state Big 10 and ACC schools. They had zero interest in the universities in our state. Undergraduate only. Our state universities are relatively expensive so the move to an out of state school wasn't that much more. Two of the three got Masters ...
by Steelersfan
Tue Apr 14, 2020 7:20 am
Forum: Personal Consumer Issues
Topic: Wine Clubs... Value? Recommendations?
Replies: 13
Views: 1181

Re: Wine Clubs... Value? Recommendations?

Pennsylvania is now allowing residents to purchase wine via wine clubs. Previously we purchased via state liquor stores or limited amounts from grocery stores. Any advice, recommendations, etc., would be appreciated. I also live in PA. I was able to subscribe to Winc (haven’t received the shipment ...
by Steelersfan
Mon Apr 13, 2020 11:45 am
Forum: Personal Consumer Issues
Topic: Home/Auto/Umbrella insurance quote discrepancy
Replies: 8
Views: 517

Re: Home/Auto/Umbrella insurance quote discrepancy

I shopped State Farm (my auto insurer) and Erie (my home insurer) a few years ago when I decided to purchase umbrella insurance. Their quotes came within a few percent for the three products bundled. I went with Erie because I had a slightly better relationship with their agent. I've been very happy...
by Steelersfan
Wed Apr 01, 2020 8:17 pm
Forum: Personal Investments
Topic: wire funds from VG account
Replies: 5
Views: 386

Re: wire funds from VG account

How fast do you need to get them?
by Steelersfan
Tue Mar 31, 2020 5:10 pm
Forum: Personal Consumer Issues
Topic: Wine Club Recommendations?
Replies: 15
Views: 1195

Re: Wine Club Recommendations?

when I was in PA, you could not ship wines from out of state to your home. You had to ship to one of the state liquor store and pick up from there. Is that no longer true? You should check before you order anything. You can now ship wine to addresses in Pennsylvania and have been able to for severa...
by Steelersfan
Tue Mar 31, 2020 6:20 am
Forum: Personal Finance (Not Investing)
Topic: Undoing your already-taken RMD for 2020
Replies: 119
Views: 7767

Re: Undoing your already-taken RMD for 2020

Alan S. wrote:
Mon Mar 30, 2020 9:11 pm
Did Vanguard even ask about any other rollovers done in the last 12 months?
There is a one rollover limit, and VG does not know how many other IRA accounts a person may have, or if they have done a rollover elsewhere.
Yes, I was asked about that.
by Steelersfan
Mon Mar 30, 2020 6:29 pm
Forum: Personal Consumer Issues
Topic: Water line replacement - is HOA responsible?
Replies: 24
Views: 1506

Re: Water line replacement - is HOA responsible?

KlingKlang wrote:
Mon Mar 30, 2020 6:14 pm
I would think that the HOA would have no responsibility to pay for repairs that a homeowner incurred without consulting with the HOA ahead of time.
I agree, AND she would have to show proof that the repair was due to a condition under the common property.
by Steelersfan
Mon Mar 30, 2020 4:41 pm
Forum: Personal Consumer Issues
Topic: Tipping in new reality?
Replies: 80
Views: 4748

Re: Tipping in new reality?

I'm tipping much more at locally owned places I want to be in business when this is over. Much more.
by Steelersfan
Mon Mar 30, 2020 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Undoing your already-taken RMD for 2020
Replies: 119
Views: 7767

Re: Undoing your already-taken RMD for 2020

Anybody put money back in by simply transferring money from a taxable account back into the IRA via the Vanguard website? I don't really want to bug them with a call if I can do it electronically. Dale Dale, FWIW, my Vanguard rep actually suggested to make the rollover by phone to be sure Vanguard ...
by Steelersfan
Sun Mar 29, 2020 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Re-titling I Bonds to a Revocable Trust
Replies: 13
Views: 747

Re: Re-titling I Bonds to a Revocable Trust

I agree the Treasury Direct staff is very helpful. Call them and you'll get good guidance.
by Steelersfan
Sun Mar 29, 2020 8:58 pm
Forum: Personal Investments
Topic: vanguard RMD w/h
Replies: 23
Views: 1118

Re: vanguard RMD w/h

Correct me if I'm wrong, but the option to not a take an RMD is for the tax year 2020, so that's the RMD you take next year, not this year. I was wrong, it is this years's RMD. And if you've already taken it, like I did, you can roll it back in within 60 days. Now I just have to contact Vanguard to...
by Steelersfan
Sat Mar 28, 2020 1:16 pm
Forum: Personal Investments
Topic: vanguard RMD w/h
Replies: 23
Views: 1118

Re: vanguard RMD w/h

Correct me if I'm wrong, but the option to not a take an RMD is for the tax year 2020, so that's the RMD you take next year, not this year. I was wrong, it is this years's RMD. And if you've already taken it, like I did, you can roll it back in within 60 days. Now I just have to contact Vanguard to...
by Steelersfan
Sat Mar 28, 2020 12:56 pm
Forum: Personal Investments
Topic: vanguard RMD w/h
Replies: 23
Views: 1118

Re: vanguard RMD w/h

Correct me if I'm wrong, but the option to not a take an RMD is for the tax year 2020, so that's the RMD you take next year, not this year.
by Steelersfan
Sat Mar 21, 2020 7:16 pm
Forum: Personal Consumer Issues
Topic: PSA Census "origins" question
Replies: 31
Views: 1530

Re: PSA Census "origins" question

I've done my genealogy so know where my ancestors came from. I put the two main ones, England, Germany, and left out the several other minor ones.
by Steelersfan
Mon Mar 16, 2020 5:41 am
Forum: Personal Consumer Issues
Topic: Are you still going to the gym ...
Replies: 210
Views: 12592

Re: Are you still going to the gym ...

I do very early in the morning workouts at my local gym. The week-end was down a little, but there are always few people there when I go. Today (Monday) attendance was down 3/4. My gym (a national chain) is closing for two weeks starting tomorrow. I expect that will be extended. I'll use weights I h...
by Steelersfan
Fri Mar 13, 2020 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Cancel Europe Trip Now?
Replies: 10
Views: 1090

Re: Cancel Europe Trip Now?

If the virus is still at a level of concern in May they'll extend the cancellation date or cancel themselves with no penalty.

I'd wait and see.
by Steelersfan
Mon Mar 09, 2020 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: divorce division of assets
Replies: 2
Views: 513

Re: divorce division of assets

States treat the date of determination differently. It looks like North Carolina uses date of separation:

https://www.charlesullman.com/nc-family ... /#:~:text=
by Steelersfan
Mon Feb 10, 2020 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: Whole Life Policy - Buh Bye?
Replies: 10
Views: 1159

Re: Whole Life Policy - Buh Bye?

That's a bad policy. I've got one I've decided to keep that's even older. I pay twice what you do a year, but my death benefit is 10 times as much and increases $3,000 a year. I'll keep paying mine and my heirs can enjoy the proceeds.
by Steelersfan
Thu Feb 06, 2020 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Leaving Amica for Cincinnati, Erie, Travelers, or MetLife?
Replies: 31
Views: 2329

Re: Leaving Amica for Cincinnati, Erie, Travelers, or MetLife?

20 years with Erie and very satisfied. One claim, handled quickly and fairly and no rate increase.
by Steelersfan
Sun Feb 02, 2020 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Uneven crack in sidewalk in front of my house, am I liable?
Replies: 37
Views: 3354

Re: Uneven crack in sidewalk in front of my house, am I liable?

I'm on the board of a Condominium Association. The town notified us of several badly cracks/uneven places in our sidewalks. They were caused by trees between the sidewalk and the street, which the town owns. There's was no doubt it was our responsibility to fix them. Due to potential liability, we g...
by Steelersfan
Fri Jan 31, 2020 7:05 pm
Forum: Personal Investments
Topic: How to identify a company's transfer agent
Replies: 5
Views: 348

Re: How to identify a company's transfer agent

Transfer agents have been a game of musical chairs for decades. Banks get in the business, banks sell the business to someone else. Non-banks get in the business, they get out. Companies change transfer agents because they get a better "deal" from a different transfer agent. You might find that info...
by Steelersfan
Thu Jan 30, 2020 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: Should We Even Bother Applying for College Financial Aid?
Replies: 28
Views: 2154

Re: Should We Even Bother Applying for College Financial Aid?

We did not apply for financial aid because we thought we would not get it, and believed that if we got any, some other student/family would be denied who needed it more.
by Steelersfan
Thu Jan 23, 2020 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: Do trusts protect from estate taxes?
Replies: 12
Views: 1300

Re: Do trusts protect from estate taxes?

I have no opinions about PA inheritance tax because I am ignorant on that matter. However, I would be curious to know if PA taxes lifetime gifts in trust at the same rate as the inheritance tax. If not there could be a strategy to minimize PA taxes by relative making a lifetime gift in trust. Penns...
by Steelersfan
Thu Jan 23, 2020 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: Do trusts protect from estate taxes?
Replies: 12
Views: 1300

Re: Do trusts protect from estate taxes?

No, there is no savings in the decedent’s estate by leaving it in trust. The benefit is to the beneficiary. Gill And since Pennsylvania has an inheritance tax, I think the beneficiary of the original estate will still pay the Pennsylvania inheritance tax. The rate ranges from 0% to 15%, depending o...
by Steelersfan
Thu Jan 23, 2020 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: Do trusts protect from estate taxes?
Replies: 12
Views: 1300

Re: Do trusts protect from estate taxes?

I thought if your relative puts their assets in a revocable trust you still pay PA inheritance tax on what you inherit. I'm not sure about irrevocable trusts. But I'm no expert and may have that wrong. I don’t think you are reading bsteiner’s response correctly. He is speaking of the estate of the ...
by Steelersfan
Thu Jan 23, 2020 7:19 pm
Forum: Personal Finance (Not Investing)
Topic: Do trusts protect from estate taxes?
Replies: 12
Views: 1300

Re: Do trusts protect from estate taxes?

I thought if your relative puts their assets in a revocable trust you still pay PA inheritance tax on what you inherit. I'm not sure about irrevocable trusts.

But I'm no expert and may have that wrong.
by Steelersfan
Sun Jan 19, 2020 9:19 pm
Forum: Personal Investments
Topic: Stretch IRA Question
Replies: 13
Views: 911

Re: Stretch IRA Question

Is there a reason you and your spouse aren't gifting some money to your two sons every year now? Unless the sons need the money now, would it not be better for the OP to do Roth conversions? (shrug) I can't tell if the OP can do both or not, but it appears that tax avoidance is the primary driver o...
by Steelersfan
Sun Jan 19, 2020 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Divorced but ex is not pushing for Qdro
Replies: 19
Views: 3085

Re: Divorced but ex is not pushing for Qdro

I suspect her portion of the 401k would be the $200k plus however much that has appreciated based on the appreciation rate of your overall portfolio, not counting additions done by you or their appreciation. That's not an easy calculation. She has no claim on any addition money you have put in or th...
by Steelersfan
Fri Jan 17, 2020 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: Top 5 Accounting Program vs. Full Scholarship
Replies: 20
Views: 2133

Re: Top 5 Accounting Program vs. Full Scholarship

If we goes the state school route (which I support) I would look at the overall reputation of the school as much as the accounting program. Lots of kids change majors at least once, and having other good programs to switch to can be very useful.
by Steelersfan
Mon Jan 13, 2020 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Form 709 record keeping
Replies: 3
Views: 336

Re: Form 709 record keeping

I have a file called "Estate matters" where I keep information about accounts I have, plus some instructions that didn't need to be in my will. I put a copy of the (one so far) 709 I filed in there. When it's time for my executor to complete the estate tax return it will be right there.
by Steelersfan
Sun Jan 12, 2020 7:43 am
Forum: Personal Finance (Not Investing)
Topic: Should I get a Trust
Replies: 35
Views: 3605

Re: Should I get a Trust

I have experience as executor of small estates in Maryland and Delaware. Maryland has a flat assessment of total assets going through probate, even for small estate (1.75% if I recall). Thus, trusts reduce the amount of the those assessments. However, your POD/TOD beneficiary designations achieve t...