Search found 190 matches

by GMT-8
Tue Feb 21, 2017 2:26 pm
Forum: Personal Investments
Topic: What is a smart tax strategy?
Replies: 13
Views: 1893

Re: What is a smart tax strategy?

If you have any desire to give to charitable causes, you can start a Donor-Advised Fund using Vanguard Charitable (not part of VG) and you can move / gift any of your highly-appreciated stocks to the fund. For example, if you have cost basis of $5000 and current value of $25,000 = you can give the $...
by GMT-8
Tue Feb 21, 2017 2:08 pm
Forum: Personal Investments
Topic: Moving away from Edward Jones to Vanguard
Replies: 52
Views: 18277

Re: Moving away from Edward Jones to Vanguard

I never put money into EJ, but one of my most satisfying accomplishments in the last 5 years was helping my former employee, who had become a very successful EJ financial advisor, to leave them and join another, more reputable firm. It's not Vanguard (yet), but I still have time to work on her. As o...
by GMT-8
Tue Feb 21, 2017 1:53 pm
Forum: Personal Investments
Topic: Short-Term Government Bond Index (VSBSX) tax question
Replies: 4
Views: 951

Re: Short-Term Government Bond Index (VSBSX) tax question

If you hold bond funds, then Vanguard will send you the end-of-year results and a report on the back (in very fine print showing the % of each holding and the taxability by state). I generally throw this into the pile of papers I take to my tax man. He generally snorts when he finds it, as he pages ...
by GMT-8
Mon Feb 20, 2017 9:36 pm
Forum: Personal Investments
Topic: Trying to understand TIAA Traditional
Replies: 25
Views: 5712

Re: Trying to understand TIAA Traditional

Your question is not elementary at all. We've been in TIAA for 25 years and don't really understand it. I think TIAA likes and maintains the "fog" of complexity which enables them to get teachers to stay the course. It seems well managed and reasonably priced but too mysterious for my liki...
by GMT-8
Mon Feb 20, 2017 7:59 pm
Forum: Personal Investments
Topic: The need for bonds if I have a pension?
Replies: 43
Views: 5004

Re: The need for bonds if I have a pension?

Hi ChuckNorris, I thought you made a lot more money than that in the movies and TV? Seriously, you might consider adjusting your post to indicate what you consider to be "average living expenses". Another poster recently said he brought home a bit more than you, but he was also spending $3...
by GMT-8
Mon Feb 20, 2017 7:28 pm
Forum: Personal Investments
Topic: Once having achieved 30X -- share your strategy?
Replies: 42
Views: 5380

Re: Once having achieved 30X -- share your strategy?

Sandtrap, I am trying to find my way too through this maze too, and the answers you are getting are helping me get more comfortable with our situation. We are both retired, 65 and 63, living in our own home, no debts, good climate, no dependents or heirs. A. We have: - state teacher's pension which ...
by GMT-8
Thu Jan 26, 2017 3:48 pm
Forum: Personal Consumer Issues
Topic: Is there a best way to buy a new vehicle that's not on the lot yet?
Replies: 24
Views: 3526

Re: Is there a best way to buy a new vehicle that's not on the lot yet?

I was in the car business for most of my career. Here's my advice, which is generally asked for and then disregarded by my family and friends, as cars are generally emotional and not rational purchases. You want a vehicle and these two dealers have isolated a single VIN you are happy with. Eliminate...
by GMT-8
Wed Jan 25, 2017 8:37 pm
Forum: Personal Investments
Topic: What Percentage (%) of Your Net Worth Should You Invest?
Replies: 13
Views: 7098

Re: What Percentage (%) of Your Net Worth Should You Invest?

This might not be exactly how you consider your portfolio, but I look at it this way (I am retired and 65 yrs old and no debt): 100% of actual & potential 08% Aftertax investments for us 24% Tax-deferred IRA investments for me 08% Tax-deferred IRA investments for spouse -> eventually annuity 08%...
by GMT-8
Wed Jan 25, 2017 7:00 pm
Forum: Personal Investments
Topic: Why is Vanguard not answering the phone
Replies: 31
Views: 5594

Re: Why is Vanguard not answering the phone

I just called and only waited 90 seconds to get to a Flagship representative (not my normal one). I am on the west coast and it's 4pm here, 7 pm in NY. I'm not sure that delays in answering the phone reduce my confidence but they do aggravate me. However I have never waited more than 3-4 minutes for...
by GMT-8
Wed Jan 25, 2017 6:53 pm
Forum: Personal Investments
Topic: 50 Year Old Late Starter With Questions
Replies: 58
Views: 7994

Re: 50 Year Old Late Starter With Questions

No, Vanguard does not charge you anything to take money out. I just confirmed this with a call to them. You may have to have withholding taken out if you withdraw from certain kinds of accounts, but I think that's an IRS thing, not VG. They do not charge for ACH money transfers, sending you a check ...
by GMT-8
Fri Jan 20, 2017 5:57 pm
Forum: Personal Investments
Topic: AA advice requested for married couple 37 yrs old
Replies: 17
Views: 2671

Re: AA advice requested for married couple 37 yrs old

OP, Can I make one observation? If you think about the downside of "working for the man" too often, "the man" will figure it out, and you will no longer be working for him. You'll be working for yourself or someone else. This happened to me and has happened to several others I kn...
by GMT-8
Fri Jan 20, 2017 4:58 pm
Forum: Personal Investments
Topic: 50 Year Old Late Starter With Questions
Replies: 58
Views: 7994

Re: 50 Year Old Late Starter With Questions

Hi CaliGirl, It appears you have some plans, many opinions and some questions. You have done some homework. Others on this site have chimed in with opinions which you have aggressively questioned or contested. This isn't Facebook; Bogleheads are quite different from one another AND different from th...
by GMT-8
Fri Jan 13, 2017 5:42 pm
Forum: Personal Investments
Topic: Just retired-requesting portfolio reallocation advice
Replies: 53
Views: 6057

Re: Just retired-requesting portfolio reallocation advice

Hi Kathy, I'm an Apple fan but prefer more simplicity and don't directly hold shares any more, so I would sell it, as you need money. Whittle it down rather if it pleases you. Or maybe use it to fund your donor-advised fund. We decided to take out our TIAA money, and we are 5 years into the process....
by GMT-8
Thu Jan 12, 2017 4:34 pm
Forum: Personal Investments
Topic: Just retired-requesting portfolio reallocation advice
Replies: 53
Views: 6057

Re: Just retired-requesting portfolio reallocation advice

Kate, My wife and I are in a similar situation; almost the same ages; also located in California. She is 2 years into retirement with a CALSTRS pension; I'm 4 years retired from industry with no pension but with substantial IRA, all at Vanguard. I will get decent SS and she will not get much for the...
by GMT-8
Thu Jan 12, 2017 3:58 pm
Forum: Personal Investments
Topic: How to allocate 3-6 million in assets to achieve goals?
Replies: 72
Views: 10364

Re: How to allocate 3-6 million in assets to achieve goals?

Allocating assets for investment purposes, or "low-risk holding", and withdrawing the assets for retirement are different subjects. I luckily started putting modest amounts into an IRA when they first came out ~ 40 years ago, and time & compound interest have been my friends. But withd...
by GMT-8
Tue Jan 10, 2017 4:54 pm
Forum: Personal Investments
Topic: Need advice on how much % net worth to hold in cash
Replies: 9
Views: 1569

Re: Need advice on how much % net worth to hold in cash

You want to avoid having to sell at a low point when you need cash. So think of the next couple years and your need for cash, and plan accordingly. One of the most painful things I've seen in the past 40 years was my friends needing money for home repairs, and having no cash reserves, and selling th...
by GMT-8
Wed Jan 04, 2017 1:04 pm
Forum: Personal Investments
Topic: Vanguard goof up on contribution to IRA?
Replies: 25
Views: 2448

Re: Vanguard goof up on contribution to IRA?

Nothing is as "clear as mud" except the fact that shortcuts can beget long term trouble. I've learned this the same way you just have. Granted I'm now 65 and this might not resonate with digital natives, but my process is: Write a letter of instruction to go with a purpose-written check Se...
by GMT-8
Wed Oct 12, 2016 2:54 pm
Forum: Personal Investments
Topic: TIAA Traditional, what is it, and death of spouse
Replies: 22
Views: 3839

Re: TIAA Traditional, what is it, and death of spouse

Thanks for spending the time, because it has helped me to understand this issue.
by GMT-8
Mon Jan 25, 2016 6:11 pm
Forum: Personal Investments
Topic: Moved my IRA to Vanguard. Have questions.
Replies: 15
Views: 1679

Re: Moved my IRA to Vanguard. Have questions.

The advantage of international investments is that other countries are likely to experience ups and downs on a different cycle or pace than we do. This provides some diversification for your portfolio - the "don't put all your eggs in one basket" philosophy. Some economies are mature and s...
by GMT-8
Sun Dec 21, 2014 6:41 pm
Forum: Personal Investments
Topic: What "actively" managed funds do you own?
Replies: 82
Views: 8403

Re: What "actively" managed funds do you own?

Windsor II in my after-tax space - about 10% of total portfolio.
Vanguard Equity Income Fund in my IRA - about 12% of portfolio
by GMT-8
Thu Jun 05, 2014 11:07 pm
Forum: Personal Investments
Topic: I just invested a lump sum
Replies: 33
Views: 6640

Re: I just invested a lump sum

Hey GerryL, I am in the same position and feel the same anxiety regarding de-vesting. In fact I have been retired 2 years and still haven't withdrawn any money from any of my index funds. At some point I will have to, but I have been postponing it just like Cat5. Investing or withdrawing -- either w...
by GMT-8
Wed Mar 19, 2014 9:22 am
Forum: Personal Investments
Topic: Trouble transferring outside account to Vanguard
Replies: 8
Views: 1128

Re: Trouble transferring outside account to Vanguard

I believe it can vary based on who the other party is - some places are reluctant to cough up your funds. Moving my 401(k) from my former employer held at "The Principal" took about 3 weeks! whereas other transfers have gone through in 3-4 days. Also, have you just opened the account with ...
by GMT-8
Mon Nov 25, 2013 11:44 pm
Forum: Personal Investments
Topic: Best Personal Service for Near-Retiree w/ $1m+
Replies: 34
Views: 3179

Re: Best Personal Service for Near-Retiree w/ $1m+

I have had the same Flagship rep for about 6-7 years. He's been with them 10 years. I've asked him to tackle a variety of issues, always had a reasonable response from him, and I'm happy. He will say "I'm not a CPA" or "I'm not a tax advisor" at the appropriate times.
by GMT-8
Mon Nov 25, 2013 12:33 pm
Forum: Personal Investments
Topic: Gift to young adult relatives
Replies: 30
Views: 2784

Re: Gift to young adult relatives

Thanks everyone for your input.
by GMT-8
Sun Nov 24, 2013 8:18 pm
Forum: Personal Investments
Topic: Gift to young adult relatives
Replies: 30
Views: 2784

Re: Gift to young adult relatives

Hi sscritic, I know this might sound absurd but until this year I've never taken money out of any of my Vanguard accounts (taxable or otherwise) so I haven't experienced the sell $3000/pay tax on $1200. I guess it's time to feel the pain. Or maybe I'll just use my bank account instead and postpone t...
by GMT-8
Sun Nov 24, 2013 8:03 pm
Forum: Personal Investments
Topic: Gift to young adult relatives
Replies: 30
Views: 2784

Re: Gift to young adult relatives

Hello again. Adam1712, I'm happy with Windsor II. Otherwise I would have sold it long ago. Unfortunately, the only other funds in my taxable accounts are Calif Tax-Exempt Muni Bonds, and I don't think that's the right place to start the kids. I didn't originally plan to sell the Windsor to fund thes...
by GMT-8
Sun Nov 24, 2013 7:36 pm
Forum: Personal Investments
Topic: Gift to young adult relatives
Replies: 30
Views: 2784

Re: Gift to young adult relatives

Thanks for the comments. I had originally thought of giving cash, then thought of trying to set up accounts for them, then it has evolved to this. My response to sscritic is I don't want to get rid of anything. Can you "get rid of a basis"? My advisor just told me what the cost basis is. I...
by GMT-8
Sun Nov 24, 2013 6:18 pm
Forum: Personal Investments
Topic: Gift to young adult relatives
Replies: 30
Views: 2784

Gift to young adult relatives

Hi All, My wife and I have 5 nieces and nephews who are all in their twenties. We would like to encourage them to start saving and to learn about investing. We're in our early Sixties, have no children of our own, and starting to enjoy retirement. The amount of money in the planned gifts is insignif...
by GMT-8
Wed Oct 02, 2013 2:34 pm
Forum: Personal Investments
Topic: How to unwind a profitable position and rebalance?
Replies: 14
Views: 1718

Re: How to unwind a profitable position and rebalance?

At the risk of twisting the thread a bit, the idea of using charitable contributions to reduce taxes when dipping into taxable accounts is a good one, in my opinion. The advantage of using a Donor-Advised Fund, like Vanguard Charitable, is that you can put money into it when you want to (or need to)...
by GMT-8
Wed Aug 21, 2013 12:39 pm
Forum: Personal Investments
Topic: Are these fees too high?
Replies: 65
Views: 8195

Re: Are these fees too high?

Yes. Move this stuff out of where it's sitting. Sooner is better. Call Vanguard and ask them to help you to open IRAs and make the transfer. They do this all the time; there's no need to get personal with the people you are leaving, and there's no charge. You can start by splitting your incoming cas...
by GMT-8
Fri May 31, 2013 11:44 pm
Forum: Personal Investments
Topic: What do I do with a rollover IRA?
Replies: 17
Views: 1814

Re: What do I do with a rollover IRA?

I agree you should combine it with one of your other accounts, but if you just moved it a few days ago perhaps you should wait a few months to make sure all the moving pieces stop moving. BTW - I believe it's the effective tax you pay which should concern you most, not the marginal tax bracket you a...
by GMT-8
Thu May 30, 2013 11:55 pm
Forum: Personal Investments
Topic: Getting Out of Edward Jones
Replies: 30
Views: 3342

Re: Getting Out of Edward Jones

Over the long run, you will save money with Vanguard. How much it is not possible to say.

There's never a better time than now to start planning the move, but there's no immediate need to rush to implement the changes.

You need to provide us with specific details to get useful help.

Good luck.
by GMT-8
Wed May 08, 2013 9:01 am
Forum: Personal Investments
Topic: Cash Withdrawal Option - Short Term
Replies: 3
Views: 421

Re: Cash Withdrawal Option - Short Term

You may have a contingency clause in your purchase agreement that if your first home fails to sell you can exit the deal on the new one. If so, the following strategy may be helpful. I was in just such a situation. My sale collapsed two weeks before closing on the new house. I went to the seller (wh...
by GMT-8
Tue May 07, 2013 11:28 pm
Forum: Personal Investments
Topic: Please critique this portfolio: 100% VT. [Total World Index]
Replies: 78
Views: 8929

Re: Please critique this portfolio: 100% VT. [Total World In

all bonds will do is dampen returns. And increase the number of days you see positive movement in your portfolio, and the number of nights you sleep well. Both of which are (in the words of the ad) priceless. Don't underestimate the need for constant reassurance that your strategy is worth sticking...
by GMT-8
Wed May 01, 2013 1:12 am
Forum: Personal Investments
Topic: Portfolio Q&A -- Probably Some Low-Hanging Fruit!
Replies: 66
Views: 4129

Re: Portfolio Q&A -- Probably Some Low-Hanging Fruit!

PortlandHead, You sound very bright, and stubborn. You have come to a website populated with risk- and expense-averse investors who generally follow a common investing strategy. Pay down debt, invest simply, minimize risk, reduce expense. No one has agreed with your repayment strategy. You don't hav...
by GMT-8
Wed May 01, 2013 12:11 am
Forum: Personal Investments
Topic: Brand New to Investing- Lost
Replies: 37
Views: 4217

Re: Brand New to Investing- Lost

1. Try to think "broad picture" and see your entire family portfolio as one. So you don't have to split your $5500, you can visualize it as a small part of the whole, with the $175k as a big part 2. If your wife's employment has ended, you should take that money and transfer it to an IRA s...
by GMT-8
Thu Apr 11, 2013 10:13 am
Forum: Personal Investments
Topic: 401K Rollover to IRA - Third Party Provider
Replies: 20
Views: 6304

Re: 401K Rollover to IRA - Third Party Provider

I rolled over a $350k 401(k) to Vanguard last year. Call them and ask for the transfer-in or concierge department. They will call your employer's fund manager or whoever is holding the 401(k) and do all the necessary levering to get your money freed up. They'll make sure the check is made out proper...
by GMT-8
Wed Feb 13, 2013 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Who taught you about money?
Replies: 91
Views: 8946

Re: Who taught you about money?

I was mostly self-taught. My grandfather (who developed Snowy Bleach, Glass Wax and Mr Bubble) taught me that growing your money meant spending less than you bring home. My step-father (who grew up desperately poor in West Virginia) taught me by example that chasing speculative investments, getting ...
by GMT-8
Mon Dec 03, 2012 1:52 pm
Forum: Personal Investments
Topic: I've decided to fire advisor - seeking some initial advice
Replies: 12
Views: 1878

Re: I've decided to fire advisor - seeking some initial advi

Decide on a couple Vanguard accounts where you want the money to end up. Your plan doesn't have to be perfect, you can always adapt later. Get your latest statements in your hand or on the desk. Then start by calling Vanguard and tell them you want to move money in and you need help. They have the r...
by GMT-8
Fri Mar 26, 2010 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: The Calculus of the Big Two: Housing Edition
Replies: 21
Views: 3048

Housing decisions can be more personal than financial

Hi Thatch,

I'm very happy with our house decisions but I don't consider houses an investment. A house is an expense to me, like a car or a mobile phone. Buy it if you can afford it.