Search found 625 matches

by ccieemeritus
Sat Dec 30, 2017 6:08 am
Forum: Personal Investments
Topic: I have been warned my funds will be liquidated?
Replies: 22
Views: 3343

Re: I have been warned my funds will be liquidated?

rookthe79 wrote:
Fri Dec 29, 2017 1:42 pm


ccieemeritus wrote:
Fri Dec 29, 2017 1:28 pm


Just make sure you print any needed records first, as you’ll lose online access to transaction history.
May I ask what records are needed, and why? I assume I would only need the transaction history and that would be for tax purposes, correct?
Yes transaction records for tax purposes.
by ccieemeritus
Sat Dec 30, 2017 5:55 am
Forum: Personal Investments
Topic: Where to start? (Personal investing)
Replies: 7
Views: 995

Re: Where to start? (Personal investing)

An “old school” way to start is to walk into a local Charles Schwab office with your checkbook and say you’d like to open an account and buy $1k of SWPPX (the Schwab S&P 500 index fund). That would put you in a taxable account. It doesn’t have the tax advantages of an IRA but if you change your mind...
by ccieemeritus
Sat Dec 30, 2017 5:42 am
Forum: Forum Issues and Administration
Topic: anybody else notice that the timestamp of posts is off by 1 hour?
Replies: 12
Views: 2915

Re: anybody else notice that the timestamp of posts is off by 1 hour?

I thought this was a &$#*@ thread. The timestamp is based on where the server is of course!

But now I know how to fix the wrong timestamps. I stand corrected. Thank you arctic for the thread.
by ccieemeritus
Sat Dec 30, 2017 5:26 am
Forum: Personal Finance (Not Investing)
Topic: Need advice on Inherited? Annuity IRA Multiple Beneficiary
Replies: 10
Views: 1074

Re: Need advice on Inherited? Annuity IRA Multiple Beneficiary

I’m executor for Moms estate and am helping 5 beneficiaries (my kids, nephews, and nieces) inherit from 2 source IRAs. First, since the IRA has beneficiaries listed it falls outside of probate. The executor and will have nothing to do with it. But many executors help with paperwork as a courtesy. Ch...
by ccieemeritus
Sat Dec 30, 2017 4:43 am
Forum: Personal Finance (Not Investing)
Topic: How to pay college tuition from a 529?
Replies: 56
Views: 6448

Re: How to pay college tuition from a 529?

I keep a spreadsheet of all qualified educational expenses. Page 2 includes screen captures of bills and housing costs to prove it to the irs should they ever audit me. Around November I take the money for the whole year out of the Coverdell or 529. It goes directly to me. The CA 529 has a way to pa...
by ccieemeritus
Fri Dec 29, 2017 1:28 pm
Forum: Personal Investments
Topic: I have been warned my funds will be liquidated?
Replies: 22
Views: 3343

Re: I have been warned my funds will be liquidated?

I tried to close a savings account but due to interest ended up with $0.02. I’m sure they would have sent me a similar letter or fee soon so I walked into the branch and fully closed the account.

Just make sure you print any needed records first, as you’ll lose online access to transaction history.
by ccieemeritus
Fri Dec 29, 2017 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: long term capital gain distribution tax
Replies: 8
Views: 917

Re: long term capital gain distribution tax

VT1964 wrote:
Fri Dec 29, 2017 12:15 pm
Let's hope taxes get easier to understand!
You made me laugh.
by ccieemeritus
Fri Dec 29, 2017 1:09 pm
Forum: Personal Consumer Issues
Topic: Checking your internet options can save you money
Replies: 9
Views: 1496

Re: Checking your internet options can save you money

Just be sure you know the price after the 3 months are up.
by ccieemeritus
Fri Dec 29, 2017 4:00 am
Forum: Personal Finance (Not Investing)
Topic: Sell Ind. Stock during Probate or not?
Replies: 7
Views: 858

Re: Sell Ind. Stock during Probate or not?

I am not a lawyer. But I am a personal representative (Oregon’s term for executor) for a probate in progress. So I read some books. There is no requirement to sell the stocks just because the estate is the beneficiary. Each stock holding can be distributed equally to the heirs. With many holdings th...
by ccieemeritus
Fri Dec 29, 2017 3:18 am
Forum: Personal Consumer Issues
Topic: Use of 2FA Held My Accounts Hostage
Replies: 28
Views: 3083

Re: Use of 2FA Held My Accounts Hostage

As a recently retired computer network and security professional, I can say that computer security is inconvenient. The most secure computer is unplugged, disconnected, and in a doubly guarded vault (the guards watch each other). Unfortunately, that is also a useless computer. During my career there...
by ccieemeritus
Fri Dec 29, 2017 2:44 am
Forum: Investing - Theory, News & General
Topic: Anyone can give advice to a young investor... Bad decisions with retirement fund
Replies: 24
Views: 3365

Re: Anyone can give advice to a young investor... Bad decisions with retirement fund

Solarascent, You did great. Simple is awesome. You could invest in those two funds with all your money your entire life and be ok. You’ll also see how the two funds return slightly different returns which will be educational. Ignore the person that wants to “perfect” your portfolio by making it more...
by ccieemeritus
Fri Dec 29, 2017 2:29 am
Forum: Personal Investments
Topic: 529 Glide Path
Replies: 9
Views: 1259

Re: 529 Glide Path

My kids 529 plans used to use a target date fund. But I got annoyed at the lower returns. So I switched them to 100% S&P500 index funds. It worked out for us, but was a risk. We had enough “backup” in our other taxable accounts that we were able to take the risk. Another option we considered was a t...
by ccieemeritus
Fri Dec 29, 2017 2:23 am
Forum: Personal Consumer Issues
Topic: TV watching with headphones
Replies: 16
Views: 1554

Re: TV watching with headphones

My wife uses a Bose Bluetooth headphone with our Apple TV when it would disturb me (so only one listener at a time).
by ccieemeritus
Fri Dec 29, 2017 2:18 am
Forum: Personal Finance (Not Investing)
Topic: Coverdell (at TDA) transfer to 529 (after new tax law in effect)
Replies: 9
Views: 2364

Re: Coverdell (at TDA) transfer to 529 (after new tax law in effect)

I was unaware that Coverdells could be converted to 529’s. Thank you for the thread. I’ll have to do some research to confirm.
by ccieemeritus
Thu Dec 28, 2017 11:29 am
Forum: Personal Finance (Not Investing)
Topic: gift cards - caveats
Replies: 41
Views: 2483

Re: gift cards - caveats

There’s a kiosk at my Safeway where you can get partial cash for many gift cards. I’ve migrated to giving “United States treasury federal reserve note” gift cards with pictures of Ben franklin on them. For variety this year I added a $1 president Eisenhower coin (note: the coinstar machines can’t ha...
by ccieemeritus
Thu Dec 28, 2017 11:17 am
Forum: Personal Consumer Issues
Topic: Diamonds are forever.
Replies: 94
Views: 11372

Re: Diamonds are forever.

Original ring (from when we were poor) was from Montgomery Ward. As our financial situation improved DW was unhappy with that ring. Years later got a nice ring from Blue Nile. Very sparkley. DW happy. DW and I picked it out online together (we don’t “surprise” with major purchases). Order a ring/fin...
by ccieemeritus
Thu Dec 28, 2017 5:06 am
Forum: Personal Consumer Issues
Topic: Crater Lake trip from Bay area in June
Replies: 21
Views: 2126

Re: Crater Lake trip from Bay area in June

It is possible that one of the routes in/out of crater lake will be closed in early June. I ran into that once. Was able to get there fine but couldn’t exit via northern road if I remember correctly. Just check the roads before you go so you know if any routes are impacted. As a kid I had a snowball...
by ccieemeritus
Wed Dec 27, 2017 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Can someone explain how AMT works?
Replies: 12
Views: 2570

Re: Can someone explain how AMT works?

I already bought turbo tax for next year and did a “John Doe” pre-run of my taxes. My estimate is that I’ll pay a significant AMT. So prepaying property taxes won’t help. Waiting to pay my 2/1/17 property taxes wont help my 2018 taxes either, and my preliminary numbers have some uncertainty, so I pr...
by ccieemeritus
Wed Dec 27, 2017 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Would you sign a non-compete for a side-gig consulting agreement?
Replies: 44
Views: 3706

Re: Would you sign a non-compete for a side-gig consulting agreement?

Ask them for a list of “sensitive competitors” that the non compete would apply to. At least two of my former employers had a list of “sensitive competitors” distributed to management. If you gave notice to go to one of those, they would walk you out the door immediately (they still had to pay you f...
by ccieemeritus
Wed Dec 27, 2017 3:47 am
Forum: Personal Investments
Topic: Quick answer
Replies: 8
Views: 791

Re: Quick answer

I recommend reinvest in all tax advantaged accounts. It’s simpler. You don’t need to log in and manually reinvest the $37.23 in cash each quarter. You set it up once and forget it. In taxable accounts reinvesting small amounts results in many small lots when you eventually sell. In the old days (whe...
by ccieemeritus
Wed Dec 27, 2017 3:39 am
Forum: Personal Investments
Topic: Inherited IRA - Schedule A Miscellaneous Deduction Going Away - What to do?
Replies: 11
Views: 1865

Re: Inherited IRA - Schedule A Miscellaneous Deduction Going Away - What to do?

Wow, never knew about that deduction. But it looks like it only applies if the estate paid estate taxes at the time of death. So it won’t apply to the $500k probate I’m currently managing.

I learned something new on Bogleheads today!
by ccieemeritus
Wed Dec 27, 2017 3:19 am
Forum: Personal Investments
Topic: Cost basis of shares from converted RSUs
Replies: 7
Views: 1318

Re: Cost basis of shares from converted RSUs

If you look carefully at your pay stubs and w-2’s in the year they vested, you should see the vesting reported as income and that 25% of the shares were sold to pay federal income tax (plus some for state income tax). Depending on your tax bracket 25% may or may not have been sufficient in that tax ...
by ccieemeritus
Wed Dec 27, 2017 3:07 am
Forum: Personal Finance (Not Investing)
Topic: inheritance income ?
Replies: 10
Views: 1147

Re: inheritance income ?

I would suggest using the sales price as the best evidence of the value at date of death and therefore your basis. Gill If I read the OP correctly, there were "years" between the date of inheritance and the sale. Wouldn't that make it hard to justify using the sales price as the basis? Otherwise, p...
by ccieemeritus
Tue Dec 26, 2017 4:58 am
Forum: Personal Investments
Topic: Secret Fidelity Funds?
Replies: 11
Views: 2130

Re: Secret Fidelity Funds?

corn18 wrote:
Mon Dec 25, 2017 9:24 pm
I guess when you have a billion dollars in their fund, they cut you a break.
I’ll make a note of that, just in case I need that in the future. :-)
by ccieemeritus
Tue Dec 26, 2017 4:42 am
Forum: Personal Consumer Issues
Topic: How to use up my FSA account?
Replies: 13
Views: 1601

Re: How to use up my FSA account?

Your suggestion to stock up on contact lenses makes perfect sense. You will need them and can store them.
by ccieemeritus
Tue Dec 26, 2017 4:37 am
Forum: Personal Investments
Topic: Help with mom's IRA please
Replies: 3
Views: 506

Re: Help with mom's IRA please

I don’t like Edward Jones but there are plenty of people that don’t have the desire or knowledge to manage their investments. Your Mom sounds like one of them. I’d prefer Edelman Financial to Edward Jones in that situation. But don’t try to get her to go self-managed Boglehead. That will fail. Just ...
by ccieemeritus
Mon Dec 25, 2017 2:51 pm
Forum: Personal Consumer Issues
Topic: Basic questions about having your own website
Replies: 15
Views: 1907

Re: Basic questions about having your own website

One important thing is to migrate your domain name to the new provider before the time expires. The new provider will help tell you how. You’ll probably need to unlock or authorize the old provider to give up the domain name. Watch out for “autorenewal” on the old site. Many providers try to find an...
by ccieemeritus
Sat Dec 23, 2017 2:55 am
Forum: Investing - Theory, News & General
Topic: Call the top! - Bitcoin
Replies: 191
Views: 23295

Re: Call the top! - Bitcoin

I’m the OP. I’m continuing to monitor and will summarize all bets once they are closed on Jan 1 2018. We are calling the top bitcoin price and date by Dec 31 2018. We won’t know for sure what that will be until Dec 31 2018. Some of you bet that the peak was already reached. Some of you bet big numbe...
by ccieemeritus
Sat Dec 23, 2017 2:05 am
Forum: Personal Finance (Not Investing)
Topic: Using home warranty to re-key your house
Replies: 12
Views: 2787

Re: Using home warranty to re-key your house

I installed a front door lock which uses a 4-digit code. I’m very happy not to have to deal with house keys.
by ccieemeritus
Fri Dec 22, 2017 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: Linking Schwab accounts
Replies: 6
Views: 1117

Re: Linking Schwab accounts

I can't directly address the linking with checking, but I have a physical token from Schwab. Logging in requires my username, my password (from memory) and the 6-digit number my physical token shows when I press the button. I'd personally prefer to get a text message with the one-time token. If I ha...
by ccieemeritus
Wed Dec 20, 2017 5:59 pm
Forum: Personal Investments
Topic: Retirement account advice, invest now?
Replies: 9
Views: 661

Re: Retirement account advice, invest now?

What year (decade) will you retire? Do you think stocks will be higher or lower then? If higher, then you have nothing to lose by investing your money now. That said, if it makes you feel better, you can invest 20% a month over 5 months. But get that first 20% active immediately. That will get you c...
by ccieemeritus
Wed Dec 20, 2017 5:43 pm
Forum: Investing - Theory, News & General
Topic: Geometric Average vs. Arithmetic Average
Replies: 92
Views: 8051

Re: Geometric Average vs. Arithmetic Average

One of my favorite books is "How to lie with statistics" by Darrell Huff. Among other things, it talks about the different definitions of "average": geometric mean arithmetic mean median mode Many "clickbait" writers use whatever definition of the word "average" they want to deliberately deceive. Th...
by ccieemeritus
Wed Dec 20, 2017 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Confusion about prepaying property taxes
Replies: 139
Views: 16773

Re: Confusion about prepaying property taxes

How about property taxes for 2018 that are billed totally in 2018 being deducted on 2017 taxes if you prepay 2018 before Dec 31, 2017? I've done this in prior years and just did it again today. I've already received a property tax bill due on 2/1/18. I just paid it. But the key point is I received ...
by ccieemeritus
Wed Dec 20, 2017 11:56 am
Forum: Personal Investments
Topic: Beneficiary
Replies: 8
Views: 913

Re: Beneficiary

Are you in a community property state?

If both you and your wife use the account, then this seems like a joint account is appropriate. I don’t know if that would result in gift tax issues, not being a cpa.
by ccieemeritus
Wed Dec 20, 2017 4:07 am
Forum: Personal Consumer Issues
Topic: Question re: Funeral
Replies: 18
Views: 2605

Re: Question re: Funeral

I’d go with #2. If the husband can use some assistance with expenses due to 1 income that is a perfectly legitimate thing to point out.
by ccieemeritus
Tue Dec 19, 2017 5:12 am
Forum: Personal Investments
Topic: Question about Beneficiary IRA & Investing?
Replies: 18
Views: 1704

Re: Question about Beneficiary IRA & Investing?

I bought Vanguard total world stock market Index ETF in my moms ira at TD Ameritrade. That’s a good simple choice for an investment. You will pay a small brokerage fee.
by ccieemeritus
Tue Dec 19, 2017 4:52 am
Forum: Personal Finance (Not Investing)
Topic: 529 plan withdrawal question.
Replies: 10
Views: 1249

Re: 529 plan withdrawal question.

B is the closest answer as long as the exam is a qualified educational expense per the irs instructions. There is no tax schedule where you list your qualified educational expenses, but make sure you make your own list and keep screenshots of your calculations in case the IRS sends you a letter. I’d...
by ccieemeritus
Sat Dec 16, 2017 4:19 am
Forum: Personal Consumer Issues
Topic: Is a Year on the JOb too Soon to Ask For a Promotion?
Replies: 24
Views: 2663

Re: Is a Year on the JOb too Soon to Ask For a Promotion?

It is now 2017. If you’ve been there a year you joined in 2016. In only one month it will be 2018. A resume line item saying 2016-2018 always looks better than one saying 2016-2017. Presumably a promotion request would also look better. “I’ve been here since 2016!” So I’d wait one month and then go ...
by ccieemeritus
Sat Dec 16, 2017 4:12 am
Forum: Personal Consumer Issues
Topic: Best place to get a Suit
Replies: 21
Views: 2261

Re: Best place to get a Suit

Men’s warehouse. But I rarely wear a suit. Worked fine for interviews.
by ccieemeritus
Sat Dec 16, 2017 4:06 am
Forum: Personal Finance (Not Investing)
Topic: Are you prepaying real-estate taxes this year?
Replies: 16
Views: 2770

Re: Are you prepaying real-estate taxes this year?

I will prepay because I retired in July. My income this year will be higher than next year.
by ccieemeritus
Sat Dec 16, 2017 4:02 am
Forum: Personal Consumer Issues
Topic: US Postal Service Informed Delivery
Replies: 30
Views: 2699

Re: US Postal Service Informed Delivery

I get the email every day but this week the email started coming late, sometimes in the afternoon.
by ccieemeritus
Sat Dec 16, 2017 12:10 am
Forum: Personal Consumer Issues
Topic: Takata Airbag Class Action Settlement
Replies: 39
Views: 5110

Re: Takata Airbag Class Action Settlement

I personally would like to get through my life without suing or being sued by anyone. Unfortunately, many lawyers presume to represent me without my permission. They call this a class action. In most class actions there are 3 things I can do: 1) Do nothing: lawyers get their share and I usually get ...
by ccieemeritus
Fri Dec 15, 2017 11:47 pm
Forum: Personal Consumer Issues
Topic: Uber vs Ambulance - HUGE cost difference
Replies: 85
Views: 12644

Re: Uber vs Ambulance - HUGE cost difference

I dislocated my shoulder a few years ago. The circulation in my arm was not impaired. A friend was nearby and drove me to the hospital. Had he not been available, lyft would have been a less expensive choice than an ambulance. Driving myself with that injury was not recommended. If my circulation wa...
by ccieemeritus
Fri Dec 15, 2017 12:40 am
Forum: Personal Finance (Not Investing)
Topic: Teaching elementary school kids about money
Replies: 32
Views: 2540

Re: Teaching elementary school kids about money

I first got interested in economics in the 6th grade by reading: Life on Paradise Island: Economic Life on an Imaginary Island by William Wilson Harmon Sadly out of print, but the author's son posted an ePub version (readable on iPad with iBooks) at the bottom of the following page: https://sites.go...
by ccieemeritus
Wed Dec 13, 2017 11:19 pm
Forum: Investing - Theory, News & General
Topic: Call the top! - Bitcoin
Replies: 191
Views: 23295

Re: Call the top! - Bitcoin

A couple of you were asking "which bitcoin price". My OP listed the aggregate price listed on http://winkdex.com as our single source of truth. Ironically, after over a year of providing an aggregate price, they took that down and says their XBT "Bitcoin Futures Contracts" is "coming soon". So I can...
by ccieemeritus
Mon Dec 11, 2017 3:47 am
Forum: Personal Investments
Topic: transferring from vanguard IRA to my company 401k
Replies: 4
Views: 535

Re: transferring from vanguard IRA to my company 401k

What is the ER of the fund you would buy in your 401k?

What is the ER of the Vanguard fund?
by ccieemeritus
Mon Dec 11, 2017 3:45 am
Forum: Investing - Theory, News & General
Topic: Is there an "expense war" going on between fund companies?
Replies: 3
Views: 851

Re: Is there an "expense war" going on between fund companies?

Yes there is competition with respect to ER ratios and load funds (which are much rarer than they used to be). Just as there is competition with broker commissions.

Even if you don’t invest with vanguard or Schwab, they have probably saved you money.
by ccieemeritus
Mon Dec 11, 2017 3:38 am
Forum: Personal Investments
Topic: Bitcoin IRA
Replies: 28
Views: 3256

Re: Bitcoin IRA

Makes me wonder.. If Bitcoin goes to $20K by end of 2017, 40K by 2018, and $100K by 2020, will people on this board keep saying "too late to the game" "end of the Bitcoin bubble" then? :D I’ll continue to say “don’t play the game”. Bitcoin has no underlying earnings. At best that makes it like putt...
by ccieemeritus
Sun Dec 10, 2017 3:35 pm
Forum: Personal Consumer Issues
Topic: google calendar event by unknown
Replies: 5
Views: 1892

Re: google calendar event by unknown

Something is rotten in Denmark!
by ccieemeritus
Fri Dec 08, 2017 1:19 am
Forum: Investing - Theory, News & General
Topic: Call the top! - Bitcoin
Replies: 191
Views: 23295

Re: Call the top! - Bitcoin

jadd806 wrote:
Fri Dec 08, 2017 1:07 am
$16,934.26
Nice try, fortunately I had that “guesses must be in 1 day before peak/crash rule”. :happy