Search found 179 matches

by booch221
Sat Nov 02, 2019 7:38 pm
Forum: Personal Investments
Topic: Benefits of Flagship Status at Vanguard?
Replies: 65
Views: 7983

Re: Benefits of Flagship Status at Vanguard?

You'll also have access to these important benefits: Financial advice from a Certified Financial Planner™ professional through Vanguard Personal Advisor Services®. Our advisors can help you with specific investment questions or provide ongoing advisory and portfolio management services. Don't they ...
by booch221
Wed Jul 31, 2019 10:54 am
Forum: Personal Investments
Topic: Request feedback for using an annuity to reduce sequence of returns risk
Replies: 19
Views: 2300

Re: Request feedback for using an annuity to reduce sequence of returns risk

An annuity is appropriate for the last years of retirement. Only if you feel your in danger of running out of money before you die. One retirement researcher suggests a near 50/50 stock/bond allocation when starting retirement, then spending from only the bond portion until the stock funds have gro...
by booch221
Tue Jul 30, 2019 6:18 pm
Forum: Personal Investments
Topic: Request feedback for using an annuity to reduce sequence of returns risk
Replies: 19
Views: 2300

Re: Request feedback for using an annuity to reduce sequence of returns risk

Good luck in retirement. You'll find you can live on much less than you're making now.
Main reason: You don't have to save for retirement anymore.
Social Security, Medicare and pension fund contributions are no longer coming out of your paycheck, plus whatever additional you're saving on your own.
by booch221
Mon Jul 29, 2019 5:51 am
Forum: Personal Investments
Topic: Request feedback for using an annuity to reduce sequence of returns risk
Replies: 19
Views: 2300

Re: Request feedback for using an annuity to reduce sequence of returns risk

tj wrote:
Mon Jul 29, 2019 2:03 am
Was the annuity bought with IRA funds? Strange that is doesn't count as an end
Yes, It was bought with IRA funds.
What is an end?
by booch221
Sun Jul 28, 2019 7:22 pm
Forum: Personal Investments
Topic: Request feedback for using an annuity to reduce sequence of returns risk
Replies: 19
Views: 2300

Re: Request feedback for using an annuity to reduce sequence of returns risk

You already have two annuities (your pension and SS), you really don't need a third one. My partner (on my recommendation) bought an $10K immediate annuity with inflation adjustments. Even though he had SS and a state pension. It took 13 years to get the premium back. The distributions don't count t...
by booch221
Thu Jan 17, 2019 9:11 pm
Forum: Investing - Theory, News & General
Topic: Tributes to Jack Bogle
Replies: 158
Views: 17883

Re: Tributes to Jack Bogle

Nice article here from Bloomberg: "In a sea of superlatives, one number stands above all others: $1 trillion. That is an estimate of how much money John Bogle, who died Wednesday at age 89, has saved investors since he started Vanguard Group more than 43 years ago." https://www.bloomberg.com/opinion...
by booch221
Mon Jul 02, 2018 11:59 am
Forum: Personal Investments
Topic: Vanguard is really pushing their Personal Adviser Service
Replies: 65
Views: 7108

Re: Vanguard is really pushing their Personal Adviser Service

My sister is in the process of transferring another $270K from American Funds to Vanguard. This will bring her Vanguard balance to a little over $1 million. Today she called them asking for help in allocating the money into her Vanguard funds once the rollover was complete. They told her they would ...
by booch221
Sat Jun 30, 2018 9:40 pm
Forum: Personal Investments
Topic: Vanguard is really pushing their Personal Adviser Service
Replies: 65
Views: 7108

Re: Vanguard is really pushing their Personal Adviser Service

Do we know for sure that Vanguard hasn't notified anyone of these changes? Didn't a couple of the early posters say they had just gotten a notification letter? I never got notified and neither did my sister. We were completely taken by surprise when we called and were told Vanguard no longer provid...
by booch221
Sat Jun 30, 2018 2:30 pm
Forum: Personal Investments
Topic: Vanguard is really pushing their Personal Adviser Service
Replies: 65
Views: 7108

Re: Vanguard is really pushing their Personal Adviser Service

El Greco wrote:
Thu Jun 28, 2018 8:55 am
My only wish is that Fidelity offered the same service with the same AUM so that all of ones money doesn't need to be in one place.
What's AUM mean?
by booch221
Fri Jun 29, 2018 9:02 pm
Forum: Personal Investments
Topic: Vanguard is really pushing their Personal Adviser Service
Replies: 65
Views: 7108

Re: Vanguard is really pushing their Personal Adviser Service

You must be kidding me, you really think it’s a bait and switch? Did she sign a contract that said “we will give you a free update every year”? Every customer has certain expectations but that doesn’t mean they have to be met, some expectations border on the ridiculous (not saying your sisters is),...
by booch221
Fri Jun 29, 2018 6:29 pm
Forum: Personal Investments
Topic: Vanguard is really pushing their Personal Adviser Service
Replies: 65
Views: 7108

Re: Vanguard is really pushing their Personal Adviser Service

I had my first fist Vanguard Investment Plan done in 2007*. It was an 11 page document, with following sections: Your current investment holdings Your retirement outlook Your asset allocation Evaluating risk Recommended changes to your portfolio Your repositioned portfolio A simpler alternative Gene...
by booch221
Thu Jun 28, 2018 8:17 pm
Forum: Personal Investments
Topic: Vanguard is really pushing their Personal Adviser Service
Replies: 65
Views: 7108

Re: Vanguard is really pushing their Personal Adviser Service

Thank you Dave, I wasn't aware of this.
by booch221
Thu Jun 28, 2018 3:55 pm
Forum: Personal Investments
Topic: Vanguard is really pushing their Personal Adviser Service
Replies: 65
Views: 7108

Re: Vanguard is really pushing their Personal Adviser Service

greg24 wrote:
Thu Jun 28, 2018 2:12 pm

If you don't like the services Vanguard offers, you can move to another advisory service that will give you the advice you want.
So, people are not allowed to ask questions here without getting a dismissive answer?
by booch221
Thu Jun 28, 2018 12:47 pm
Forum: Personal Investments
Topic: Vanguard is really pushing their Personal Adviser Service
Replies: 65
Views: 7108

Re: Vanguard is really pushing their Personal Adviser Service

Why not charge a flat fee for Vanguard PAS? As it is now, if you have a $500K portfolio you pay an additional $1,500 over the normal fund fees. If you have a $1 million you pay $3,000--twice as much. Are they really doing twice as much work to manage the larger amount? Is it twice as expensive for t...
by booch221
Thu Jun 28, 2018 12:17 pm
Forum: Personal Investments
Topic: Vanguard is really pushing their Personal Adviser Service
Replies: 65
Views: 7108

Re: Vanguard is really pushing their Personal Adviser Service

Bingo! That's the dilemma faced by Vanguard the company in a nutshell. In order to keep costs low, and even drive them lower, they need to find a subset of investors willing to pay more for a presumed value-added service. Why drive the cost of funds so low then? Why not price them for what it costs...
by booch221
Thu Jun 28, 2018 11:28 am
Forum: Personal Investments
Topic: Vanguard is really pushing their Personal Adviser Service
Replies: 65
Views: 7108

Re: Vanguard is really pushing their Personal Adviser Service

It may well be as Rick says that rules have changed (or Vanguard's internal interpretation of those rules have changed) and they can no longer give out that kind of advice for free. I have had limited phone conversations with Vanguard, but during those that I have experienced, they have been extrem...
by booch221
Thu Jun 28, 2018 10:57 am
Forum: Personal Investments
Topic: Vanguard is really pushing their Personal Adviser Service
Replies: 65
Views: 7108

Re: Vanguard is really pushing their Personal Adviser Service

As to your original question, I'm not surprised that if you ask them for investment advice, they will urge you to be covered under their management plan. The thing is, when she rolled over her $730K in 2014, they promised her a FREE update every year because she had invested more than $500K. Now th...
by booch221
Thu Jun 28, 2018 10:35 am
Forum: Personal Investments
Topic: Vanguard is really pushing their Personal Adviser Service
Replies: 65
Views: 7108

Re: Vanguard is really pushing their Personal Adviser Service

She could exchange her 4 funds for a balanced fund: her choice of fixed (Life Strategy or Balanced Fund) or decreasing equity (Target date fund). No re-balancing, no worries! I think that's where we're headed, but there is no single fund that has a 50/50 stocks/bonds AA. In 2007 they prepared a pla...
by booch221
Wed Jun 27, 2018 9:00 pm
Forum: Personal Investments
Topic: Vanguard is really pushing their Personal Adviser Service
Replies: 65
Views: 7108

Re: Vanguard is really pushing their Personal Adviser Service

For free advice, come here! I do! I also read Paul Merriman's articles and listen to his podcasts. My AA is 50/50 stocks bonds invested in the Total Stock Market Fund, Total International Stock Market Fund, Total Bond Market Fund, and Total International Bond Market Fund. I'm 65 and have a pension....
by booch221
Wed Jun 27, 2018 8:52 pm
Forum: Personal Investments
Topic: Vanguard is really pushing their Personal Adviser Service
Replies: 65
Views: 7108

Re: Vanguard is really pushing their Personal Adviser Service

Just to take Vanguard's side, a $500000 three fund portfolio with no advisory service, they only make about $250 a year. If you get statements in the mail and you call them several times a year, i have to wonder how they are making money. They're the ones who keep cutting the cost of their funds an...
by booch221
Wed Jun 27, 2018 6:19 pm
Forum: Personal Investments
Topic: Vanguard is really pushing their Personal Adviser Service
Replies: 65
Views: 7108

Re: Vanguard is really pushing their Personal Adviser Service

What I’m saying is this change in attitude about the limit of “advice” they provide in a non-paying account may not be all about Vanguard, and they may be feeling the need to comply with SEC regulations like the rest of the investment Adviser industry. Rick Ferri Does the SEC tell them how much the...
by booch221
Wed Jun 27, 2018 5:52 pm
Forum: Personal Investments
Topic: Vanguard is really pushing their Personal Adviser Service
Replies: 65
Views: 7108

Vanguard is really pushing their Personal Adviser Service

My sister rolled her IRA over to Vanguard in 2014, and they prepared an investment plan. Her account totals approximately $730,000 all of it in four stock and bond index funds. Her AA is 50% stocks/50% bonds. When she rolled it over they told that she could get a free portfolio checkup every year. T...
by booch221
Sun Mar 18, 2018 1:08 pm
Forum: Personal Investments
Topic: Vanguard Global Wellesley Fund Pays First Quarter Dividend
Replies: 2
Views: 1547

Vanguard Global Wellesley Fund Pays First Quarter Dividend

The Vanguard Global Wellesley Income Fund paid it's first quarter dividend on March 16. Investor Shares (VGWIX) paid a dividend of $0.09140 with a reinvest price of $19.87. The fund launched on October 18, 2017 with an initial price of $20/share. The dividend is less than what you would have receive...
by booch221
Wed Feb 14, 2018 1:19 pm
Forum: Personal Investments
Topic: Did you learn anything from the market correction?
Replies: 160
Views: 15315

Re: Did you learn anything from the market correction?

I was bummed that my Vanguard balance was down $100K from January 26.
But It's still up $60K from December 31, 2107.
So I learned: Easy come, easy go...
by booch221
Tue Jan 16, 2018 4:32 pm
Forum: Personal Investments
Topic: Tax implications of rebalancing
Replies: 7
Views: 984

Re: Tax implications of rebalancing

I'm in the 22% tax bracket under the new tax law. I'm going to be 65 in February. I've been retired since 2009 and live entirely off my pension of $48,000/year. My asset allocation target is the same 50/50 for my taxable account and my traditional IRA and Roth. I have $1,145,691 in my IRA and $116,5...
by booch221
Tue Jan 16, 2018 1:59 pm
Forum: Personal Investments
Topic: Tax implications of rebalancing
Replies: 7
Views: 984

Tax implications of rebalancing

In 2015 I inherited about $169K and put it into the Vanguard Total Stock Market Index Fund. It has grown to $238,753 as of January 15. The asset allocation for my non-retirement taxable accounts is now 80% stocks and 20% bonds. My target is 50/50. I was thinking of moving the money to the Vanguard W...
by booch221
Tue Jan 02, 2018 2:10 am
Forum: Personal Investments
Topic: Retirement decision help!
Replies: 68
Views: 7959

Re: Retirement decision help!

Nothing wrong with 60% stocks as long as you can put up with slightly higher volatility. Personally, I'm 50/50 stocks/bonds. Some people will sleep better with 40% stocks. I would never go below 30% stocks. This is my favorite page on the entire Vanguard site. It shows Historical Risk/Return (1926–2...
by booch221
Mon Jan 01, 2018 9:38 pm
Forum: Personal Investments
Topic: Retirement decision help!
Replies: 68
Views: 7959

Re: Retirement decision help!

My choice was easy.
At age 54 I had the option of pension of $42K/year with automatic COLAs and free medical coverage including prescription drugs, OR a lump sum of $145K (no typo).
by booch221
Mon Jan 01, 2018 8:22 pm
Forum: Personal Investments
Topic: Retirement decision help!
Replies: 68
Views: 7959

Re: Retirement decision help!

60% stocks is more aggressive than how it would be managed in a annuity.
A annuity would be mostly invested in bonds.
by booch221
Mon Jan 01, 2018 6:32 pm
Forum: Personal Investments
Topic: Retirement decision help!
Replies: 68
Views: 7959

Re: Retirement decision help!

Is your AA 60/40 stocks/bonds?
by booch221
Sun Dec 31, 2017 1:20 am
Forum: Personal Investments
Topic: Windfall help
Replies: 10
Views: 1344

Re: Windfall help

I had $170,000 to invest last February. Like you, I was worried about buying at a top, so I started putting $10K into the Vanguard Total Stock Market Fund each month. Of course, the market went up and up in 2017. I've thought of dumping the rest of it in all at once, but of course, that would trigge...
by booch221
Sat Dec 30, 2017 1:26 pm
Forum: Personal Investments
Topic: Retirement decision help!
Replies: 68
Views: 7959

Re: Retirement decision help!

You said you need $75,000 of income in retirement. With you and your wife's Social Security you are already $42,000 there, leaving you $33,000 short. Ooops! I forgot that you are taking early retirement and won't be 55 until January 2019. Nor do we know the age of your wife. So you have to fill a m...
by booch221
Sat Dec 30, 2017 2:59 am
Forum: Personal Investments
Topic: Retirement decision help!
Replies: 68
Views: 7959

Re: Retirement decision help!

Look how long it would take you to get your principal back by taking the annuity. If you took the single life annuity of $6,693/month or $80,316/year it would take you a little over 17 years to get your $1,379,048 back. That's just the principal, no interest. If you die, your survivor gets nothing. ...
by booch221
Fri Dec 29, 2017 11:10 pm
Forum: Personal Investments
Topic: Did I just make rookie mistake?
Replies: 19
Views: 3807

Re: Did I just make rookie mistake?

Always check when the fund pays dividends before you make changes to your taxable account, most are quarterly, some twice a year, and this one only once an year.
by booch221
Fri Dec 29, 2017 10:57 pm
Forum: Personal Investments
Topic: Retirement decision help!
Replies: 68
Views: 7959

Re: Retirement decision help!

How much Social Security will you and your wife get?
by booch221
Mon Nov 06, 2017 12:51 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's Global Wellesley Income and Global Wellington Funds in registration [now available]
Replies: 129
Views: 38104

Re: Vanguard's Global Wellesley Income and Global Wellington Funds in registration

Both Wellesley and Wellington already have SOME foreign equities. Perhaps more will be added, plus the addition of international bonds. Wellesley Income has just 6% of its assets invested overseas, the Global Wellesley will have 45% in the US, 43% invested in Europe and the remaining 12% dedicated ...
by booch221
Thu Mar 16, 2017 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Which Version of TurboTax do I really need?
Replies: 4
Views: 1234

Re: Which Version of TurboTax do I really need?

OK, I finished my taxes using both TurboTax Basic and TurboTax Premier to see if there is any difference in how they handle rental property. TurboTax Premier gave me a refund $25 higher than Basic. Not enough to pay for the higher cost of the software. In the Q&A the only difference I could see was ...
by booch221
Sun Jan 08, 2017 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: How many $ to self fund long term care?
Replies: 75
Views: 10064

Re: How many $ to self fund long term care?

KlingKlang wrote:
flyingbison wrote:
delamer wrote:
And what do you expect your loved ones to do? (Don't say homicide.)
California, Colorado, Oregon, Vermont, and Washington have Death with Dignity statutes. In Montana, physician-assisted dying is legal by State Supreme Court ruling.
https://www.deathwithdignity.org/learn/access/
by booch221
Sun Jan 08, 2017 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: How many $ to self fund long term care?
Replies: 75
Views: 10064

Re: How many $ to self fund long term care?

I would ask Booch221 if his decision would have been different if he did not have his steady COLA'd pension, which much later in life he could use to pay for the ongoing long term care expenses if needed. Even with it, he suggests that there was some risk involved, since he describes foregoing the ...
by booch221
Sun Jan 08, 2017 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: How many $ to self fund long term care?
Replies: 75
Views: 10064

Re: How many $ to self fund long term care?

An older friend of mine always gave me the "I tell my wife to just shoot me" line for years because he was too cheap to buy LTC when I did. He had a stroke in his 50s and now he and his wife are in their 60s and she is taking care of him full time and shoveling snow, mowing the lawn, taking care of...
by booch221
Sun Jan 08, 2017 1:20 am
Forum: Personal Finance (Not Investing)
Topic: How many $ to self fund long term care?
Replies: 75
Views: 10064

Re: How many $ to self fund long term care?

TravelforFun wrote:
booch221 wrote: Are you married? What would your spouse do after you exhaust your asset paying for your LTC? We buy LTCi to protect our spouse.
Not married. Partner was turned down for LTC insurance do to preexisting conditions, but has plenty of dough to self fund as well.
by booch221
Sat Jan 07, 2017 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: How many $ to self fund long term care?
Replies: 75
Views: 10064

Re: How many $ to self fund long term care?

My mother had long term care insurance, and spent three years in assisted living, and three years in full nursing care. Although she was in a VERY nice place, run by the Sisters of Saint Joseph, no one should ever hope that they get to cash in on their long term care policy. Just as no one should ev...
by booch221
Fri Jan 06, 2017 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Which Version of TurboTax do I really need?
Replies: 4
Views: 1234

Which Version of TurboTax do I really need?

Hi, I've always found the TurboTax Basic CD version good enough for doing my taxes and handling the capital gains and losses from my mutual fund accounts, K-1 worksheets, etc. This year I bought a rental property and will need to do Schedule E, supplemental income and loss from rental real estate. I...
by booch221
Sun Dec 11, 2016 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: Using a capital loss for Roth conversion
Replies: 4
Views: 603

Re: Using a capital loss for Roth conversion

Thanks. Forgot about the $3000 limit on capital losses, and carryover provision.
Also forgot about the higher standard deduction for people over 65. Edited the post to reflect that.
Will try a dry run with TurboTax.
by booch221
Sun Dec 11, 2016 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Using a capital loss for Roth conversion
Replies: 4
Views: 603

Using a capital loss for Roth conversion

My sister is 66 this year. She gets about $28,000 from Social Security. She supplements this by drawing down on her taxable accounts. She is not taking anything from her IRA. Her only taxable income is about $6000 in mutual fund dividends. This year she will have a $7169 long-term capital loss and $...
by booch221
Mon Oct 17, 2016 1:19 pm
Forum: Personal Investments
Topic: Need $240K. Which funds should I withdraw from?
Replies: 7
Views: 1613

Re: Need $240K. Which funds should I withdraw from?

I've been using Average cost method basis. Can I change it to SpecID?
by booch221
Mon Oct 17, 2016 12:59 pm
Forum: Personal Investments
Topic: Need $240K. Which funds should I withdraw from?
Replies: 7
Views: 1613

Re: Need $240K. Which funds should I withdraw from?

I added the fund names in bold in the original post. I was reinvesting dividends and making additional contributions to the funds. I'm not sure how to get the tax lots and LT ST gain information. Is that something I can find on the Vanguard site? I looked at my Wellesley holding under personal perfo...
by booch221
Mon Oct 17, 2016 10:36 am
Forum: Personal Investments
Topic: Need $240K. Which funds should I withdraw from?
Replies: 7
Views: 1613

Need $240K. Which funds should I withdraw from?

I need to take $240,000 from my Vanguard individual account to purchase a house this week. Which funds should I take from in the most tax efficient way? I have $478,397.28 in these funds: VTSAX Total Stock Market Index Fund Admiral Shares $184,145.99 opened 1/5/2016 Unrealized gain: $6,808.50 VWIAX ...
by booch221
Mon Oct 03, 2016 2:02 pm
Forum: Personal Consumer Issues
Topic: Facebook's malware scan- legitimate or malware? Invasive?
Replies: 52
Views: 14251

Re: Facebook's malware scan- legitimate or malware? Invasive?

I get it only in the Chrome browser. I get it even when I switch to a different computer, with a different OS.
Everytime I get it they suggest downloading a different malware program.

Someone suggested uninstalling, and reinstalling Chrome.
by booch221
Mon Apr 13, 2015 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Need help with Form 1041 Schedule K-1
Replies: 6
Views: 2128

Re: Need help with Form 1041 Schedule K-1

You may want o go into Form view in TT and look at the K1 as input to make sure you did it right. If the estate is passing through a long term loss carryover, that could certainly account for a decrease in taxes but without seeing your entire return, that's just a guess. I talked to the executor an...