Search found 5444 matches

by FIREchief
Sun Nov 29, 2020 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: Timeshare surrender denied, no idea why, please help
Replies: 162
Views: 9847

Re: Timeshare surrender denied, no idea why, please help

This thread is amusing. We have two experienced lawyers saying that the OP has no legal obligations, but still a chorus of folks convinced that OP does. :P I haven’t seen anyone self-identify as a lawyer say anything like that. Experienced lawyers aren’t generally in the habit of making such a defi...
by FIREchief
Sun Nov 29, 2020 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Timeshare surrender denied, no idea why, please help
Replies: 162
Views: 9847

Re: Timeshare surrender denied, no idea why, please help

This thread is amusing. We have two experienced lawyers saying that the OP has no legal obligations, but still a chorus of folks convinced that OP does. :P
by FIREchief
Sun Nov 29, 2020 2:03 pm
Forum: Investing - Theory, News & General
Topic: Dollar Cost Averaging Merriam-Webster vs the Boglehead Wiki
Replies: 17
Views: 735

Re: Dollar Cost Averaging Merriam-Webster vs the Boglehead Wiki

I like the wiki def better. The dictionary one doesn’t really make sense if stocks go up more than down.
by FIREchief
Sat Nov 28, 2020 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: 30/F – Would it be worth purchasing a home?
Replies: 23
Views: 2270

Re: 30/F – Would it be worth purchasing a home?

I do have a couple friends pressuring me to buy a home now. They say even a $1MM purchase doesn't matter in this economy, that I should just put 5-10% down, and that I can always sell when the property appreciates. I feel like that's too risky. Good friends tend to make awful financial advisors. :o...
by FIREchief
Sat Nov 28, 2020 4:43 pm
Forum: Investing - Theory, News & General
Topic: Not Experiencing Any Problems With Vanguard
Replies: 162
Views: 11380

Re: Not Experiencing Any Problems With Vanguard

galawdawg wrote: Fri Nov 27, 2020 11:54 am
hudson wrote: Fri Nov 27, 2020 11:51 am Thanks galawdawg!
So would you classify Vanguard as for-profit? or "almost for-profit"? or "almost non-profit"?
According to DiStefano's reporting, Vanguard officials acknowledge it is a private, for-profit company.
That sounds just like Fidelity! :P
by FIREchief
Sat Nov 28, 2020 2:02 pm
Forum: Investing - Theory, News & General
Topic: Do TIPS actually protect against inflation?
Replies: 57
Views: 5965

Re: Do TIPS actually protect against inflation?

Are current TIPS simply sold with 0% real rates, and auction prices determine their negative real yield? Educate me, please. TIPS are sold with a minimum positive .125% coupon rate. The real yield is determined by the auction process, with negative real yields manifesting as purchase premiums (i.e....
by FIREchief
Fri Nov 27, 2020 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Thanksgiving: Are you Funding your DAF now?
Replies: 10
Views: 816

Re: Thanksgiving: Are you Funding your DAF now?

I did last week. I decided to exercise options because they were very deep into the money. I donated about a third of the value to my daf. I donated some old uncovered shares of index 500 fund. These are my only uncovered shares. As I donate them, I backfill with TSM. I did a similar thing at the e...
by FIREchief
Fri Nov 27, 2020 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Room for about $12k in 12% tax bracket: capital gain harvest, or partial Roth conversion?
Replies: 20
Views: 1378

Re: Room for about $12k in 12% tax bracket: capital gain harvest, or partial Roth conversion?

RustyShackleford wrote: Fri Nov 27, 2020 4:05 pm I favor Roth conversion: it's the gift that keeps on giving (since all the subsequent growth is tax-free).
Unless a person is subject to estate tax at either the state or federal level.
by FIREchief
Fri Nov 27, 2020 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Is there any reason to not add an asset to a living revocable trust?
Replies: 11
Views: 808

Re: Is there any reason to not add an asset to a living revocable trust?

I don't anticipate her ever needing to use the cash that is not currently part of the trust. It would likely remain untouched if she were to become incapacitated. Why would it matter whether or not she needed to spend some of it? Having it in an account owned by the trust, and accessible by a succe...
by FIREchief
Fri Nov 27, 2020 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Room for about $12k in 12% tax bracket: capital gain harvest, or partial Roth conversion?
Replies: 20
Views: 1378

Re: Room for about $12k in 12% tax bracket: capital gain harvest, or partial Roth conversion?

If you decide to tax gain harvest, keep in mind that the top of the zero percent capital gains bracket is $80,000, not the $80,250 top of the 12% ordinary income bracket. (MFJ, half for single)
by FIREchief
Thu Nov 26, 2020 3:18 pm
Forum: Investing - Theory, News & General
Topic: Website problem: Cannot perform transactions
Replies: 36
Views: 1962

Re: Website problem: Cannot perform transactions

Secondly Fidelity and Schwab are not providing their services for "free". Their customers silently pay for them by earning much lower rates on their cash balances than they could earn at Vanguard . Yes there are ways around this if you are a Schwab or Fidelity customer but they all involv...
by FIREchief
Wed Nov 25, 2020 8:43 pm
Forum: Investing - Theory, News & General
Topic: Not Experiencing Any Problems With Fidelity
Replies: 12
Views: 812

Re: Not Experiencing Any Problems With Fidelity

If people were having problems with Fidelity, I'm certain that we would have heard about it by now; especially since the number one reported "cure" for VG's ongoing and growing issues is to move everything to Fidelity. 8-)
by FIREchief
Wed Nov 25, 2020 7:50 pm
Forum: Investing - Theory, News & General
Topic: Not Experiencing Any Problems With Vanguard
Replies: 162
Views: 11380

Re: Not Experiencing Any Problems With Vanguard

Post here when you aren't experiencing any life-altering problems or minor inconveniences at Vanguard. I've never had any "life altering" problems with VG. I did have several minor to moderate inconveniences five to ten years ago. Not a single problem in the last five years. :P (I'm sure ...
by FIREchief
Wed Nov 25, 2020 7:47 pm
Forum: Investing - Theory, News & General
Topic: Website problem: Cannot perform transactions
Replies: 36
Views: 1962

Re: Website problem: Cannot perform transactions

Secondly Fidelity and Schwab are not providing their services for "free". Their customers silently pay for them by earning much lower rates on their cash balances than they could earn at Vanguard . Yes there are ways around this if you are a Schwab or Fidelity customer but they all involv...
by FIREchief
Wed Nov 25, 2020 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Quadruple-layered approach to securing Vanguard accounts
Replies: 2
Views: 412

Re: Quadruple-layered approach to securing Vanguard accounts

Non-expiring Sales Restriction Non-expiring Withdrawal Restriction I understand from reading a post somewhere here that it's possible to request a sales and withdrawals restriction on all your accounts at Vanguard through a written letter mailed to them, and that the restrictions can only be lifted...
by FIREchief
Tue Nov 24, 2020 7:43 pm
Forum: Personal Consumer Issues
Topic: Contact Lenses / Glasses
Replies: 40
Views: 1906

Re: Contact Lenses / Glasses

I first tried progressive lenses in the Ray Ban frames but they gave me flashbacks to the 70s so costco replaced them with equivalent non-progressive lenses and gave me a refund for the difference. That's funny. :P I tried progressives twice and hated those things. Not a thing wrong with a good sin...
by FIREchief
Tue Nov 24, 2020 5:04 pm
Forum: Personal Consumer Issues
Topic: Contact Lenses / Glasses
Replies: 40
Views: 1906

Re: Contact Lenses / Glasses

I first tried progressive lenses in the Ray Ban frames but they gave me flashbacks to the 70s so costco replaced them with equivalent non-progressive lenses and gave me a refund for the difference. That's funny. :P I tried progressives twice and hated those things. Not a thing wrong with a good sin...
by FIREchief
Tue Nov 24, 2020 3:26 pm
Forum: Investing - Theory, News & General
Topic: "Water Theory" -- pros and cons
Replies: 41
Views: 4550

Re: Water theory and its pros and cons

Greenman72 wrote: Tue Nov 24, 2020 12:01 pm Why don't more people do this?
I think a lot of people do everything you've described. Why do you think that they don't? :confused
by FIREchief
Tue Nov 24, 2020 2:38 pm
Forum: Personal Consumer Issues
Topic: Contact Lenses / Glasses
Replies: 40
Views: 1906

Re: Contact Lenses / Glasses

I have VSP for insurance so I should get some coverage towards at least contacts or glasses each year, but I'm curious to know where Bogleheads buy their prescription glasses or contact lenses. FYI. VSP has their own mail order operation, Eyeconic. You can get an exam/prescription from a local VSP ...
by FIREchief
Sun Nov 22, 2020 11:35 pm
Forum: Personal Finance (Not Investing)
Topic: Bank account added to trust, leave beneficaries blank?
Replies: 21
Views: 1250

Re: Bank account added to trust, leave beneficaries blank?

Luckywon wrote: Sun Nov 22, 2020 11:32 pm Of more concern, and I believe more likely, is that the bank does not understand the account is titled to a trust.
That was my guess.
by FIREchief
Sun Nov 22, 2020 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: Bank account added to trust, leave beneficaries blank?
Replies: 21
Views: 1250

Re: Bank account added to trust, leave beneficaries blank?

Last year we added a bank account to our revocable living trust. Our trust is an "asset protection" type with one beneficiary, so we would not want that cash to flow directly to the beneficiary. In reviewing our bank account information, I see that our trust beneficiary is still listed as...
by FIREchief
Sun Nov 22, 2020 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Bank account added to trust, leave beneficaries blank?
Replies: 21
Views: 1250

Re: Bank account added to trust, leave beneficaries blank?

Are you certain that the trust now owns that account? Yes, the account name shows our trust name and I remember the long visit when we had the account transferred to the trust with notarized signatures etc. The bank representative probably should have removed the beneficiary information at that tim...
by FIREchief
Sun Nov 22, 2020 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Bank account added to trust, leave beneficaries blank?
Replies: 21
Views: 1250

Re: Bank account added to trust, leave beneficaries blank?

Yes, there should be no beneficiary listed for the bank account. The terms of the trust should control its disposition along with all the trust assets. Gill In the case of "John and Mary Smith Trust", what happens if the successor trustee(?) cannot find any trust document after both John ...
by FIREchief
Sun Nov 22, 2020 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Bank account added to trust, leave beneficaries blank?
Replies: 21
Views: 1250

Re: Bank account added to trust, leave beneficaries blank?

Are you certain that the trust now owns that account?
by FIREchief
Sat Nov 21, 2020 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: Selling a house out of a trust to a family member; capital gains tax?
Replies: 4
Views: 371

Re: Selling a house out of a trust to a family member; capital gains tax?

meneyl wrote: Sat Nov 21, 2020 8:09 pm
FIREchief wrote: Sat Nov 21, 2020 7:57 pm Who was the grantor of this trust?
I believe our father set it up.
That sounds like a revocable, living trust. Is that correct?
by FIREchief
Sat Nov 21, 2020 7:36 pm
Forum: Investing - Theory, News & General
Topic: Fed up With Flagship
Replies: 291
Views: 19377

Re: Fed up With Flagship

I don't believe that any banks in my area provide them. That would surprise me. Wells Fargo does them; most banks do. I understand Bank of America doesn't. I had a marathon meeting with one of my bank's officers to get six of them a few months ago. If it took a "marathon meeting with one of yo...
by FIREchief
Sat Nov 21, 2020 7:10 pm
Forum: Investing - Theory, News & General
Topic: Fed up With Flagship
Replies: 291
Views: 19377

Re: Fed up With Flagship

I don't believe that any banks in my area provide them. That would surprise me. Wells Fargo does them; most banks do. I understand Bank of America doesn't. I had a marathon meeting with one of my bank's officers to get six of them a few months ago. If it took a "marathon meeting with one of yo...
by FIREchief
Sat Nov 21, 2020 6:33 pm
Forum: Investing - Theory, News & General
Topic: Tax Withholding on Roth conversions
Replies: 32
Views: 2116

Re: Tax Withholding on Roth conversions

Let's add this to our master list of how VG fails to provide the consumer with tools they want/need to accomplish their objectives. :annoyed
by FIREchief
Sat Nov 21, 2020 5:40 pm
Forum: US Chapters
Topic: Are you a Boglehead?
Replies: 107
Views: 4385

Re: Are you a Boglehead?

Probably. That said, I was LBYM investor in low cost domestic equity index funds for over 20 years before I found this forum. 8-) During that time, I was 100% equities, which would likely disqualify me for "Bogelhead" good standing status . :P Lots of Bogleheads are 100% equities with the...
by FIREchief
Sat Nov 21, 2020 5:32 pm
Forum: US Chapters
Topic: Are you a Boglehead?
Replies: 107
Views: 4385

Re: Are you a Boglehead?

Probably. That said, I was LBYM investor in low cost domestic equity index funds for over 20 years before I found this forum. 8-)

During that time, I was 100% equities, which would likely disqualify me for "Bogelhead" good standing status. :P
by FIREchief
Sat Nov 21, 2020 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Will, 401k and Beneficiaries
Replies: 4
Views: 548

Re: Will, 401k and Beneficiaries

I am 34yo (single) and am starting to think about a will for the first time. As background, my estate would probably be worth around $700k today with my current assets and life insurance through my employer. At a high level, I have 3 siblings and 2 parents (married). I have my parents as beneficiar...
by FIREchief
Sat Nov 21, 2020 2:41 pm
Forum: Investing - Theory, News & General
Topic: Fed up With Flagship
Replies: 291
Views: 19377

Re: Fed up With Flagship

Does anyone with a Fidelity brokerage account know whether if you needed a Medallion Signature Guarantee you could get one from Fidelity? We could not get one from Vanguard when settling my parent's estate and it made for some serious nail biting as the bank where my sibling banked would not give h...
by FIREchief
Sat Nov 21, 2020 12:44 am
Forum: Personal Finance (Not Investing)
Topic: Take the cash or the free dinner?
Replies: 117
Views: 13112

Re: Take the cash or the free dinner?

If it sounds too good to be true... It has been true for me, EVERY SINGLE TIME! :P They've given me juicy steaks, cash, show tickets, match play money (easily converted into real cash at the Blackjack table), and I've never paid a dime. 8-) As a bonus, they've provided a unique form of entertainmen...
by FIREchief
Fri Nov 20, 2020 7:54 pm
Forum: Investing - Theory, News & General
Topic: Fed up With Flagship
Replies: 291
Views: 19377

Re: Fed up With Flagship

We have discussed the possible problem with widows/widowers who might get taken advantage of by financial salespeople. However, there is another equally insidious possibility. Some of us, when we get older, will lose some and perhaps much of our capacity to make good judgements. From what I have re...
by FIREchief
Fri Nov 20, 2020 7:47 pm
Forum: Investing - Theory, News & General
Topic: Fed up With Flagship
Replies: 291
Views: 19377

Re: Fed up With Flagship

Count your blessings. I was forced to deal with Merrill Edge recently... :annoyed Can you tell us more? What happened? Not much. DW has a workplace plan with Merrill as custodian and the only easy exit path for rollover distributions is through a Merrill Edge rollover IRA. Let's just say that after...
by FIREchief
Fri Nov 20, 2020 7:43 pm
Forum: Investing - Theory, News & General
Topic: Fed up With Flagship
Replies: 291
Views: 19377

Re: Fed up With Flagship

My spouse is not a bogleheads financial planning enthusiast, but they are perfectly capable of managing affairs come my death or incapacity. Dislikes anything that smacks of unneeded complexity. VERY happy with a small number of cap weighted index funds. Also robust to unsolicited sales pitches. If...
by FIREchief
Fri Nov 20, 2020 7:14 pm
Forum: Investing - Theory, News & General
Topic: Fed up With Flagship
Replies: 291
Views: 19377

Re: Fed up With Flagship

I've never wanted or needed hand holding. My DW might. That said, a knowledgeable second set of eyes is not a bad thing. That second set of eyes might just be trying to sell your DW some expensive annuities, given the opportunity. Vanguard would not do that to her. The most Vanguard would sell is t...
by FIREchief
Fri Nov 20, 2020 6:37 pm
Forum: Investing - Theory, News & General
Topic: Fed up With Flagship
Replies: 291
Views: 19377

Re: Fed up With Flagship

I've never wanted or needed hand holding. My DW might. That said, a knowledgeable second set of eyes is not a bad thing. That second set of eyes might just be trying to sell your DW some expensive annuities, given the opportunity. Vanguard would not do that to her. The most Vanguard would sell is t...
by FIREchief
Fri Nov 20, 2020 6:01 pm
Forum: Investing - Theory, News & General
Topic: Fed up With Flagship
Replies: 291
Views: 19377

Re: Fed up With Flagship

These secrets like no-cost advisors for a mere $250K of assets, upon request, and waivers of purchase fees, upon request, aren't going to stay secret very long if you all keep posting them to the internet. I'd recommend keeping them close hold so 1000s of free loading Bogleheads don't descend on Fi...
by FIREchief
Fri Nov 20, 2020 5:58 pm
Forum: Investing - Theory, News & General
Topic: Fed up With Flagship
Replies: 291
Views: 19377

Re: Fed up With Flagship

What I would like to know is that when quarterly funds inflows are reported, and Vanguard just crushes the competition, do those numbers reflect new cash flowing into accounts held at Vanguard, or do they count all Vanguard investments held at all financial firms? If it's the former, well, that's p...
by FIREchief
Fri Nov 20, 2020 5:55 pm
Forum: Investing - Theory, News & General
Topic: Fed up With Flagship
Replies: 291
Views: 19377

Re: Fed up With Flagship

Some of us would find a personal rep to be a disadvantage- on the rare occasions that I would call Vanguard they would automatically route me to my Flagship rep, who was never available. So only then would I be given the option to talk to whoever was answering the phone. They were always fine. Now,...
by FIREchief
Fri Nov 20, 2020 5:19 pm
Forum: Investing - Theory, News & General
Topic: Fed up With Flagship
Replies: 291
Views: 19377

Re: Fed up With Flagship

fourwheelcycle wrote: Fri Nov 20, 2020 4:44 pm
FIREchief wrote: Fri Nov 20, 2020 4:10 pm Yikes!! I guess the lesson learned is not to have a rep assist with purchase of an external mutual fund at Fidelity. :shock:
Or, find a Fidelity rep who will wipe the charge off your account, which is what we did.
Yep. That's reassuring. 8-)
by FIREchief
Fri Nov 20, 2020 4:10 pm
Forum: Investing - Theory, News & General
Topic: Fed up With Flagship
Replies: 291
Views: 19377

Re: Fed up With Flagship

Fidelity recently charged my wife $500 to make two Vanguard mutual fund purchases in her rollover IRA account. How in the heck would they charge $500 for two mutual fund purchases? Their website currently indicates the following: Transaction Fee non-Fidelity funds: $49.95 per purchase. $0 on redemp...
by FIREchief
Fri Nov 20, 2020 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Upstream gifting with plan for downstream return
Replies: 8
Views: 590

Re: Upstream gifting with plan for downstream return

It is entirely legal and, as long as one year has elapsed, it should work as planned. LOL :P I think you already know the answer to this. 8-) That comment is too cryptic, Firechief. I know that this is a legal strategy because it has been covered by Barrons and many other publications. A previous t...
by FIREchief
Fri Nov 20, 2020 3:23 pm
Forum: Investing - Theory, News & General
Topic: Fed up With Flagship
Replies: 291
Views: 19377

Re: Fed up With Flagship

Fidelity recently charged my wife $500 to make two Vanguard mutual fund purchases in her rollover IRA account. How in the heck would they charge $500 for two mutual fund purchases? Their website currently indicates the following: Transaction Fee non-Fidelity funds: $49.95 per purchase. $0 on redemp...
by FIREchief
Fri Nov 20, 2020 12:28 am
Forum: Personal Finance (Not Investing)
Topic: Upstream gifting with plan for downstream return
Replies: 8
Views: 590

Re: Upstream gifting with plan for downstream return

ilan1h wrote: Fri Nov 20, 2020 12:18 am It is entirely legal and, as long as one year has elapsed, it should work as planned.
LOL :P

I think you already know the answer to this. 8-)
by FIREchief
Thu Nov 19, 2020 7:52 pm
Forum: Investing - Theory, News & General
Topic: Do TIPS actually protect against inflation?
Replies: 57
Views: 5965

Re: Do TIPS actually protect against inflation?

They offer good protection against unexpected inflation. The cost could be loss of yield if unexpected inflation does not occur. The back testing period you have presented was not a period of unexpected inflation. A very informative TIPS presentation is here: https://goo.gl/iTrE9U Naïve question - ...
by FIREchief
Thu Nov 19, 2020 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Logistics of buying new car with cash
Replies: 55
Views: 3730

Re: Logistics of buying new car with cash

bironology wrote: Thu Nov 19, 2020 5:48 am Walked into local bank branch and got a cashier’s check for the negotiated drive-off amount, straight to dealership to sign P&S, hand check over, done.
What is "P&S?"