Search found 9636 matches

by sport
Tue Mar 10, 2009 8:00 pm
Forum: Personal Consumer Issues
Topic: Signs your getting old, you have any to add...........
Replies: 92
Views: 11820

Ron wrote:I keep "stuff" even though I no longer have any use for it. Example? Still have a full box of carbon paper in the bottom drawer of my desk, yet I haven't had a typewriter for over 20 years.
What's a typewriter?
by sport
Tue Mar 10, 2009 4:43 pm
Forum: Personal Consumer Issues
Topic: Signs your getting old, you have any to add...........
Replies: 92
Views: 11820

Petrocelli wrote:Ypu get one of those pill-boxes with the days of the week on it.
Even more so, when your seven-day pill box is too small to hold all the pills and you have to go out and buy a bigger one.

Jeff
by sport
Sun Mar 08, 2009 11:32 pm
Forum: Personal Investments
Topic: Can I-Bonds Pay Negative Interest?
Replies: 11
Views: 2571

Hi Mel, I would suggest that if the Treasury really wanted to discontinue I bonds, they would just do so. They could justify the discontinuance by simply saying it is not an economical way to borrow money. Savings bonds are supposed to be a way for the "little guy" to save some money and b...
by sport
Sun Mar 08, 2009 11:01 pm
Forum: Personal Investments
Topic: Can I-Bonds Pay Negative Interest?
Replies: 11
Views: 2571

The new rate in May seems likely to be 0% again, with a 0% inflation adjustment. bill, I can understand the 0% inflation adjustment. In fact, it may even be negative. However, how do you conclude the fixed rate is likely to be 0%? In the past, high inflation adjustments have been accompanied by low...
by sport
Sat Mar 07, 2009 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: 05 Toyota Camry or 02 BMW 325i?
Replies: 50
Views: 12252

If you can find an 03 or 04 Camry with about 50K miles, it will cost less and last longer than an 05 with 92K. Jeff I disagree. All because it has lower miles doesn't mean it will last longer. There is also a time element involved here. Over time, hoses, belts , gaskets and seals will deteriorate r...
by sport
Sat Mar 07, 2009 1:46 am
Forum: Personal Finance (Not Investing)
Topic: 05 Toyota Camry or 02 BMW 325i?
Replies: 50
Views: 12252

If you want the car to last more than 4 years, I would try to find one with lower mileage. You should also be aware that the 02, 03, 04, and 05 Camrys are all very much the same. If you can find an 03 or 04 Camry with about 50K miles, it will cost less and last longer than an 05 with 92K. I own an 0...
by sport
Sat Mar 07, 2009 1:40 am
Forum: Personal Investments
Topic: "The Separate Account" on my 401K – risk?
Replies: 5
Views: 1455

Mark, Any properly run 401k will have the funds separated from those of the administrator. The funds should be held by a trustee, which is usually a bank. The insurance company merely administers the plan, and charges a fee for doing so. In such a case, the funds are also separate from the assets of...
by sport
Fri Mar 06, 2009 7:04 pm
Forum: Personal Investments
Topic: "The Separate Account" on my 401K – risk?
Replies: 5
Views: 1455

In my experience, a separate account means that the insurance company wants to add additional fees to the base mutual fund. By having a separate account, the price per share of that account can be different, and it allows the insurance company to assess its additional fees for administering the 401k...
by sport
Fri Mar 06, 2009 4:27 pm
Forum: Investing - Theory, News & General
Topic: Stable Value Fund Concerns Update
Replies: 9
Views: 2614

Donna, We were able to determine the structure of the fund from printed information provided by MetLife at that time. However, I retired 4 years ago, and I would not be aware of any changes that may have taken place since then. Please note that the investment I referred to was called a "Stable ...
by sport
Thu Mar 05, 2009 7:17 pm
Forum: Investing - Theory, News & General
Topic: Stable Value Fund Concerns Update
Replies: 9
Views: 2614

All stable value funds are not the same. Most are funded by an assortment of GICs that an insurance company has purchased. However, the 401k plan I had before I retired, was a MetLife plan. That plan had a stable value fund that was funded only by MetLife. There were no other investments held by the...
by sport
Tue Mar 03, 2009 12:22 pm
Forum: Personal Investments
Topic: Conservative Vanguard Product(s)?
Replies: 1
Views: 919

Jim, If you invest in stocks, you must be willing to accept the volatility that comes with that type of investment. Therefore, you should only have an allocation that you can live with. That being said, having no stocks is probably not a good idea. Most here will recommend at least a 20% holding. Ho...
by sport
Tue Mar 03, 2009 12:16 pm
Forum: Personal Investments
Topic: Whole Life Insurance -- Is it worth it?
Replies: 31
Views: 3807

You'll get a lot of people telling you that when you get old, you won't need insurance any longer. That may be true, but it is equally true that your need to leave money behind at death won't go away. This means that if you don't have insurance, you have less money to spend since money must be left...
by sport
Tue Mar 03, 2009 12:22 am
Forum: Personal Finance (Not Investing)
Topic: Experiences with Capital One Bank
Replies: 6
Views: 2037

Ray, Why don't you give them a try and see if you like dealing with them. If you don't, you can always switch to another bank. I recently became unhappy with my bank after many years. Switching was a not that big of a deal. We just had to get the direct deposits changed, which turned out to be easy....
by sport
Mon Mar 02, 2009 10:06 pm
Forum: Personal Investments
Topic: How Safe is Vanguard's Treasury MM Fund
Replies: 15
Views: 3281

There is one small risk in the Treasury MM fund. If the gross yield of the fund becomes less than the expenses of operating the fund, there could be a small drop in NAV below the $1.00 value the fund seeks to maintain. Since Vanguard expenses are so low, if that happened, the loss would be a small f...
by sport
Mon Mar 02, 2009 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: Is a masters degree worth $25,000?
Replies: 20
Views: 5130

If you have not already done so, talk to the admissions department of the university, and tell them you would like to pursue the degree, but finances are such that you feel you cannot afford to. Ask if financial assistance (not loans), or scholarships are available. It doesn't cost anything to ask. ...
by sport
Mon Mar 02, 2009 8:24 pm
Forum: Personal Consumer Issues
Topic: Mel's mother
Replies: 93
Views: 14663

Mel,
I am sorry to hear of your loss.

Jeff
by sport
Fri Feb 27, 2009 6:41 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's New Home Page
Replies: 18
Views: 5383

Just what I've come to expect from Vanguard as they wiped out the only thing I use on the page which is the funds to watch list I keep of my funds. Thanks for spending money to remove the only thing I use. Trying to earn those higher ERs you've been raising? Swing and a miss! - Al There is a link a...
by sport
Thu Feb 26, 2009 12:00 am
Forum: Personal Investments
Topic: Is there a Capital Gains Distribution Reinvestment Plan?
Replies: 1
Views: 648

If you deal directly with a mutual fund company, instead of a brokerage, you can have cap gain distributions reinvested, or invested into another fund, or paid in cash. If you have your funds held at a brokerage, you are subject to the rules and services provided by that brokerage.

Jeff
by sport
Wed Feb 25, 2009 11:29 pm
Forum: Personal Finance (Not Investing)
Topic: This is why health care costs so much
Replies: 26
Views: 4034

Don't be too sure about generics. I am taking a medication that recently became available as a generic. The generic costs $279 for 90 pills (3 month supply). The brand name costs about $4 per pill.

Jeff
by sport
Wed Feb 25, 2009 12:43 am
Forum: Personal Investments
Topic: Simple Question
Replies: 12
Views: 1884

Pension or social security income also does not qualify, even if taxable.

Jeff
by sport
Sun Feb 22, 2009 3:03 pm
Forum: Personal Consumer Issues
Topic: How often should you change your oil?
Replies: 74
Views: 20037

I drive Toyotas and take them to a private Toyota/Honda specialist mechanic. He recommends no more than 6 months between oil changes, regardless of how low the mileage is. The owners manual recommends 7500 miles. So, my personal guideline is 5000 miles, or 6 months, whichever comes first.

Jeff
by sport
Sun Feb 22, 2009 2:58 pm
Forum: Personal Investments
Topic: need advice on buying a cd
Replies: 13
Views: 2349

Bozo,
If you are correct about the 2% deflation, it becomes worthwhile to "lock in" the current CD rates if the money is not immediately needed. The savings account rates will drop. Savings accounts should not be expected to yield 5% real going forward.

Jeff
by sport
Sat Feb 21, 2009 9:55 pm
Forum: Personal Investments
Topic: need advice on buying a cd
Replies: 13
Views: 2349

Given the amount you have to commit to CDs, a ladder is probably impractical. The only way to get even a modestly-high return these days is to have "jumbos" (over $25,000 in most cases) spread out over five years or more. Sad to say, getting three percent on a modest sum is probably the n...
by sport
Sat Feb 21, 2009 2:53 pm
Forum: Personal Investments
Topic: need advice on buying a cd
Replies: 13
Views: 2349

If you will not need all of the money at one time, consider a CD ladder. The longer terms will get you higher rates, and it will reduce reinvestment risk (you don't want have to roll over all of it when rates are low).

Jeff
by sport
Sat Feb 21, 2009 2:45 pm
Forum: Personal Investments
Topic: Are Vanguard Funds with Bank Exposure at Risk ???
Replies: 8
Views: 2044

I would think that the share prices of the weak bank stocks are already so low that it would not make a major difference in the NAVs. There would be an impact, but not all that much.

Jeff
by sport
Wed Feb 18, 2009 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Interest Rates
Replies: 15
Views: 2266

As soon as I get the gumption, I'm going to go to my bank, and set up a personal "petty cash" system for myself - and make no more use of that card, then there is no other way. The reason? I do not like the electronic trail of everything I purchase, being stored forever in massive databas...
by sport
Tue Feb 17, 2009 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Interest Rates
Replies: 15
Views: 2266

Re: Credit Card Interest Rates

I received a recent credit card bill. The APR on the oustanding amount was very small, but the APR was 29% (true APR, not the actual APR with one times fees, etc). I don't carry balances and have this card for reasons not needed to be discussed here, but at what point do companies like this break t...
by sport
Mon Feb 16, 2009 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard's RMD service
Replies: 5
Views: 1779

Re: Vanguard's RMD service

Mel Lindauer wrote: I trust Vanguard to get the figures right for next year's RMD.
Hi Mel,

Trust, but verify. If Vanguard gets it wrong, you get to pay the penalty. IIRC, the penalty is 50% !

Regards,

Jeff
by sport
Sun Feb 15, 2009 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: 1040-ES estimated payments for 2009
Replies: 9
Views: 2690

Actually they're not really due quarterly. The schedule is bizarre and if someone has an explanation for it I'd like to know it. The four payments are due April 15, June 15th (only two months later), September 15th, and January 15th (as if they didn't want to spoil your Christmas). nisi, I believe ...
by sport
Sun Feb 15, 2009 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: 1040-ES estimated payments for 2009
Replies: 9
Views: 2690

Speaking of 1040-ES payments, can you pay them as one lump sum at the end of the year? Or do you have to pay them quarterly? Actually, you can pay in one lump sum. However, it must be paid when the first payment is due, rather than the last one. The IRS does not object to payment in advance. Jeff
by sport
Fri Feb 13, 2009 11:31 pm
Forum: Personal Investments
Topic: bond fund monthly distributions
Replies: 13
Views: 3001

I have a related question. It seems like most bond funds maintain a NAV of about $10, but after a NAV drop due to some of the bonds defaulting, the assets of the fund are worth less. Does the fund withhold some dividends from being distributed so that it can buy some more bonds and repair its NAV? No
by sport
Fri Feb 13, 2009 8:14 pm
Forum: Personal Investments
Topic: What retirement income percentage for you?
Replies: 45
Views: 7280

Bozo, This is an area where rules of thumb are not too useful. Everyone's situation is different. As you say, some have mortgages, some don't. Some have retiree healthcare, some don't. What is true, is that in retirement you will not have payroll tax (about 7.5%) and you will not be making retiremen...
by sport
Tue Feb 10, 2009 12:04 am
Forum: Personal Investments
Topic: Payoff house and invest or just invest
Replies: 17
Views: 2738

Here is a different way to look at the question. If interest rates rise substantially during the next 25 years, you will be very happy to have a loan at such a low interest rate. If rates should drop substantially (not much room to drop though) you can always refinance. If rates stay about the same,...
by sport
Mon Feb 09, 2009 10:13 pm
Forum: Personal Investments
Topic: HELOC with Third Federal Savings & Loan
Replies: 16
Views: 4935

Third Federal is a solid respected S&L in the Cleveland community. They pay higher interest than most on savings, and have lower rates than most on loans. They have survived the banking crisis in good shape. They do not make sub-prime loans.
by sport
Sun Feb 08, 2009 2:45 am
Forum: Personal Investments
Topic: Using Target Retirement Income in lieu of CD's
Replies: 9
Views: 2186

Re: Using Target Retirement Income in lieu of CD's

WD4HJB wrote:In addition, distribution are on a quarterly basis, allowing income sooner than the CD's.
If you get CDs directly at a bank or S&L, income is often available in the form of monthly or quarterly interest checks.

Jeff
by sport
Sun Feb 08, 2009 12:38 am
Forum: Personal Investments
Topic: Where to park cash????
Replies: 20
Views: 6125

You could consider an FDIC insured CD ladder, with the terms matching the times you would expect to need the money. For example, if you expect to need the money during the next three years, you could have CDs with terms of 6 mo, 12 mo, 18 mo, 24 mo, 30 mo, and 36 mo. The amounts could be according t...
by sport
Tue Feb 03, 2009 8:54 pm
Forum: Investing - Theory, News & General
Topic: "Never spend your principal"
Replies: 58
Views: 13536

VGRunner,
That's not money. That's a check. I can tell because it says "check" on it. :lol:

Jeff
by sport
Tue Feb 03, 2009 8:39 pm
Forum: Personal Consumer Issues
Topic: NOBODY is this happy about a 1099-R
Replies: 15
Views: 3261

I would be very happy to receive a 1099-R for $10,000,000. :D

Jeff
by sport
Tue Feb 03, 2009 8:36 pm
Forum: Investing - Theory, News & General
Topic: "Never spend your principal"
Replies: 58
Views: 13536

Money doesn't come with labels, such as principle or interest or dividends. It is all money and it is all the same. Therefore, what you want to do when investing, is to maximize your money (at an acceptable risk level). Whether it is principle or interest or capital gains does not matter. Accordingl...
by sport
Mon Feb 02, 2009 11:22 pm
Forum: Personal Finance (Not Investing)
Topic: How many credit cards do you need?
Replies: 57
Views: 9696

I have always preferred the Discover card, but some places do not accept it because it has higher merchant fees (I think) so I also have a MasterCard as a back up. Between the two, this seems to provide us with exactly what we need to charge about 99% of our expenditures. I presume you are aware th...
by sport
Mon Feb 02, 2009 11:11 pm
Forum: Personal Finance (Not Investing)
Topic: Protecting my nest egg
Replies: 12
Views: 3155

My understanding is that AD&D is accidental death & dismemberment insurance. It is not disability insurance. It is usually inexpensive coverage, because the cause of death must be accidental. However, it is also usually unnecessary. If you need life insurance, you need it regardless of the c...
by sport
Sat Jan 31, 2009 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Is anyone spending?
Replies: 55
Views: 8477

Recently I shopped at the local Costco on a Saturday afternoon. We were in the midst of a blizzard. The weather was terrible. It was a good day to stay home. The Costco store was mobbed. We could not park close to the store. There were about 10 checkout lines each with 10 to 12 customers waiting to ...
by sport
Thu Jan 29, 2009 8:33 pm
Forum: Personal Consumer Issues
Topic: Post office only delivering mail 5 days a week?
Replies: 60
Views: 8999

You guys are right. I know I am swimming upstream on this. Heaven for bid the banks and companies past the savings on to us. Instead, just charge us more. (I know this is another post but have you seen the charges for using another banks ATM? WOW!!) The banks save money by electric bill pay because...
by sport
Thu Jan 29, 2009 12:26 pm
Forum: Personal Investments
Topic: Brokerage account closing fee
Replies: 17
Views: 3990

I'm astounded that a "full service brokerage" cannot perform the service of even telling you what the account closing fee is . Do they not maintain a website for you? Where do all the high fees go ? Just to pay for the broker's hot 5-series? I found out why I was not receiving answers to ...
by sport
Wed Jan 28, 2009 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Prime vs Credit Union Cert for 6 months
Replies: 7
Views: 1813

Re: Vanguard Prime vs Credit Union Cert for 6 months

So, if I know I will have money invested for a minimum of 6 months (but maybe less than a year) should I keep it (currently) in Vanguard Prime earning ~1.65%, or consider moving it to Navy Fed Cr Union into a 6-month MMkt Certificate with a 3.5% APY. This is money from my house sale, and since I am...
by sport
Tue Jan 27, 2009 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: Who makes CD ladders easy?
Replies: 18
Views: 5460

If you have CDs directly with a bank, they will send you a letter about a month before a CD matures, so remembering is not a problem. In addition, banks often have "specials" where an odd term, such as 55 months, will be offered at a higher rate than 48 or 60 months. If you have your reinv...
by sport
Sat Jan 24, 2009 1:57 pm
Forum: Investing - Theory, News & General
Topic: GOT ANY PEARLS OF WISDOM FOR BOGLEHEADS BOOK?
Replies: 210
Views: 36266

If you have saved just enough to retire, you probably cannot afford to retire. The market may go down.

Jeff
by sport
Thu Jan 22, 2009 7:58 pm
Forum: Personal Investments
Topic: Technical question on real-world implementation of DCA
Replies: 4
Views: 891

My suggestion is that is not practical to "slice and dice" your allocation with a comparitively small amount of money. When you are talking about multiple mutual funds, 10K is really not all that much. As an alternative, I would suggest selecting one life strategy or target retirement fund...
by sport
Thu Jan 22, 2009 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Increased Credit Card Limit
Replies: 2
Views: 922

Increased Credit Card Limit

I have been reading a lot about credit card companies reducing lines of credit and closing accounts. Accordingly, I was greatly surprised to receive notification today of a credit line increase on a credit card. I did not request this increase. It was a unilateral decision by the bank. It was also n...
by sport
Sun Jan 18, 2009 1:52 am
Forum: Personal Investments
Topic: Brokerage account closing fee
Replies: 17
Views: 3990

tetractys wrote:Some brokerages will pay your closing fees for you if you transfer your assets to them. Shop wisely. -- Tet
I was thinking about transfering to Vanguard. Will they pay the fee?