Search found 3076 matches

by kenner
Tue Aug 23, 2016 1:19 pm
Forum: Personal Investments
Topic: Simplifying Portfolio Into New Allocation
Replies: 6
Views: 825

Re: Simplifying Portfolio Into New Allocation

I agree that filling tax advantaged with REIT and placing everything else in taxable is a solid plan, with one possible modification. Since one of your goals is simplicity, you might consider going with only one tax-exempt bond fund (VWIUX) while omitting the other two. That would make your portfoli...
by kenner
Mon Aug 22, 2016 4:05 pm
Forum: Personal Investments
Topic: Are these fees / returns reasonable
Replies: 38
Views: 4235

Re: Are these fees / returns reasonable

meowcat and cusetownusa,

Yeah, I realized that. I was hoping I didn't need to "gild the lily" in this case.

Thanks for providing more info for OP to consider.
by kenner
Sun Aug 21, 2016 11:56 pm
Forum: Personal Investments
Topic: 53y old with low risk tolerance
Replies: 7
Views: 1546

Re: 53y old with low risk tolerance

Hi all, I am 53 yo, employed, no debt, 300K in IRA and 400K in CDs (2.5%-3%) Would like to invest my IRA for 10 years but have very low financial risk tolerance (burned by some bad decisions in early 2000s) Would be quite happy with 3%-3.5% return. Would be grateful for any suggestions - bond funds...
by kenner
Sun Aug 21, 2016 11:33 pm
Forum: Personal Investments
Topic: Are these fees / returns reasonable
Replies: 38
Views: 4235

Re: Are these fees / returns reasonable

^Vanguard doesn't do financial plans and never has. Vanguard only does investment plans, but won't help with tax planning, insurance, estate planning, wills, etc. So, did you consider that OP and spouse are in their forties, have no kids and are focused on retirement? I am confident that the CFP's ...
by kenner
Sun Aug 21, 2016 10:53 pm
Forum: Personal Finance (Not Investing)
Topic: Fee-only financial advisor/planner
Replies: 19
Views: 3815

Re: Fee-only financial advisor/planner

There is a Garrett person in Verona. I think her business is called "Fiscal Fitness". I met with her 2-3 years ago and was impressed. I just didn't the service, but will return if I decide I need help. Seems highly qualified and comprehensive. Here's the link: http://www.fiscalfitnessmadi...
by kenner
Sun Aug 21, 2016 6:04 pm
Forum: Personal Investments
Topic: Are these fees / returns reasonable
Replies: 38
Views: 4235

Re: Are these fees / returns reasonable

Are you understanding just how much $18,000 a year is, and how little you are getting for it? $1500 a month is a house payment for most people. You could buy a new car every year with $18,000. And it's only going to increase. Some people are forecasting 4% real returns for equities and 0% for bonds...
by kenner
Sun Aug 21, 2016 4:19 pm
Forum: Personal Investments
Topic: Are these fees / returns reasonable
Replies: 38
Views: 4235

Re: Are these fees / returns reasonable

We currently have about 30 funds in our portfolio, comprised of DFA and Vanguard index funds, and a few ETFs. This sends off warning bells to me. Some advisors create unnecessarily complex portfolios in order to make the process seem too complicated for mere mortals to manage, thus "locking in...
by kenner
Sat Aug 20, 2016 2:26 am
Forum: Personal Investments
Topic: Mom Requests Portfolio Advice - leaving Ed Jones
Replies: 12
Views: 1966

Re: Mom Requests Portfolio Advice - leaving Ed Jones

Since your Mom apparently doesn't wish to manage this substantial portfolio on her own, she is a perfect candidate for Vanguard Personal Advisor Service. VPAS will assign a CFP to personally handle Mom's account and she will have ready access to her CFP via telephone and video conference. Another op...
by kenner
Fri Aug 19, 2016 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance issues - Legal related
Replies: 18
Views: 1483

Re: Health insurance issues - Legal related

We resolved that issue. This may be a source of confusion. Exactly what was resolved? Who were the parties to the resolution? It may be that the resolution was for past claims by the doctor's office but not for claims arising after the "resolution". There is no valid way to determine this...
by kenner
Fri Aug 19, 2016 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance issues - Legal related
Replies: 18
Views: 1483

Re: Health insurance issues - Legal related

So to clarify, the original agreement of a pre-determined length of treatment time is in writing. The expectation of payment by the insurance company is clearly outlined in there. Where we feel a little better about pursuing the legal option is that they have paid for over 60% of the billable amoun...
by kenner
Fri Aug 19, 2016 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance issues - Legal related
Replies: 18
Views: 1483

Re: Health insurance issues - Legal related

It's confusing as to how much of this situation is verbal and how much is in writing. Verbal agreements are prone to lead to errors. Your situation is common in situations involving claims by doctor's offices and insurance companies. Also, a written agreement may be enforceable against one party but...
by kenner
Thu Aug 18, 2016 11:24 pm
Forum: Personal Investments
Topic: Annuity Question - Global Atlantic ForeIncome
Replies: 19
Views: 2171

Re: Annuity Question - Global Atlantic ForeIncome

The Daughter, You might want to read the article linked below that discusses the pros and cons of annuities: http://www.usatoday.com/story/money/columnist/powell/2015/08/13/retirement-pros-and-cons-fixed-income-annuities/30626141/ As you can see, the devil is in the details. Sales pitches may not re...
by kenner
Wed Aug 17, 2016 8:12 am
Forum: Personal Investments
Topic: Are there any issues? Annuity inside of ROTH - liquidate and transfer to Vanguard ROTH?
Replies: 4
Views: 734

Re: Are there any issues? Annuity inside of ROTH - liquidate and transfer to Vanguard ROTH?

I'm sort of new to annuities but if it's in a ROTH and it's not getting distributed (as cash to my MIL) just converted to cash to go to another ROTH it should be fine no? How can the IRS impose an early withdrawal penalty of 10% if all the liquidation happens within the confines of a ROTH and trans...
by kenner
Tue Aug 16, 2016 10:43 pm
Forum: Personal Investments
Topic: Are there any issues? Annuity inside of ROTH - liquidate and transfer to Vanguard ROTH?
Replies: 4
Views: 734

Re: Are there any issues? Annuity inside of ROTH - liquidate and transfer to Vanguard ROTH?

The 10-year period may refer to surrender charges that are no longer payable to the annuity company, not the possible 10% tax penalty if the annuity is cashed in before MIL reaches age 59.5 years. A tax-free 1035 exchange to another annuity company may be an option. More info would be needed to know...
by kenner
Fri Aug 12, 2016 9:18 pm
Forum: Personal Investments
Topic: Longtime Lurker Finally Ready to Bare It All ;)
Replies: 32
Views: 3738

Re: Longtime Lurker Finally Ready to Bare It All ;)

We are in a wrap account, so we pay a flat 1% fee, but no loads on any of the funds. Are the annual expense ratios of the funds you hold also reduced? Seems they are as high as 1.14% per year. Without question, marital harmony is of paramount importance. To some people, their comfort level with the...
by kenner
Thu Aug 11, 2016 1:47 am
Forum: Personal Investments
Topic: Help needed...Bye Bye, Merrill Lynch....here I come Vanguard...
Replies: 54
Views: 8281

Re: Help needed...Bye Bye, Merrill Lynch....here I come Vanguard...

Do any of you have any thoughts about annuities? Yes, on this forum we frequently debate whether or not it is advisable for an investor to hang on to an annuity. An analysis of whether to do so or not is intensely fact-specific, generally requiring a complete knowledge of all terms of the applicabl...
by kenner
Thu Aug 04, 2016 8:22 am
Forum: Personal Investments
Topic: I desperately need HELP [with portfolio]
Replies: 41
Views: 5334

Re: I desperately need HELP [with portfolio]

MillaBurg, In my experience, one of the most compelling reasons to use VPAS is that you have the opportunity to build a solid, trusting personal relationship with a highly qualified Certified Financial Planner who is devoted to maximizing your investment success. VPAS typically recommends a portfoli...
by kenner
Mon Aug 01, 2016 2:39 pm
Forum: Personal Investments
Topic: I desperately need HELP [with portfolio]
Replies: 41
Views: 5334

Re: I desperately need HELP

I did talk to PAS, but both people had way different ideas, so that made me nervous right there. THen, one of the annuity guys saying they were both off! It may be helpful if you describe what the PAS advisors and the annuity guy told you about your situation so we can know what you've already reje...
by kenner
Sun Jul 31, 2016 9:50 am
Forum: Personal Investments
Topic: Head in the sand too long...just getting started...
Replies: 66
Views: 14218

Re: Head in the sand too long...just getting started...

Hey Guys....Thanks so much for the responses. I will gather the requested information and edit the original post. My father has fallen ill, so there may be a change of priority for a bit. I will post back ASAP. Short notes on above I don't remember being told there was an annuity. I will check on t...
by kenner
Sat Jul 30, 2016 10:49 pm
Forum: Personal Investments
Topic: Vanguard Personal Advisor Services
Replies: 36
Views: 7211

Re: Vanguard Personal Advisor Services

This is my situation. My portfolio (401k + other investments) has finally crossed the $1m mark, figured this might be a good time to get professional advice going forward (that and the recent Consumer Reports http://www.consumerreports.org/personal-investing/rise-of-the-robo-adviser/ got me thinkin...
by kenner
Sat Jul 30, 2016 11:49 am
Forum: Personal Investments
Topic: Retiring in 6 months ...Why should I pay $13,500/year to a Financial Advisor?
Replies: 43
Views: 10161

Re: Retiring in 6 months ...Why should I pay $13,500/year to a Financial Advisor?

Slipp1229, You can probably manage your portfolio yourself, especially with Bogleheads assistance. But for $5,400 for the first year (0.30% of assets) Vanguard Personal Advisor Services can maximize your entire portfolio, virtually setting it on "autopilot". And at any time you feel comfor...
by kenner
Sat Jul 30, 2016 11:19 am
Forum: Personal Finance (Not Investing)
Topic: NYS Law: Should Umbrella Insurance Policy Cover Value of Retirement Accounts?
Replies: 7
Views: 1371

Re: NYS Law: Should Umbrella Insurance Policy Cover Value of Retirement Accounts?

If you cause a loss, either you or your insurance company should pay for those damages, regardless of your net worth or the your asset-protection strategy. Very well said. This is a values thing of course, but it seems to me that unless you're living on the edge of survival, it's not right to plan ...
by kenner
Fri Jul 29, 2016 9:54 pm
Forum: Personal Investments
Topic: Are my funds based on the movement of the Dow or Nasdaq?
Replies: 7
Views: 1535

Re: Are my funds based on the movement of the Dow or Nasdaq?

The Dow Jones Industrial Average originated in 1896 and reflects the changing value of only 30 of the largest companies in the U. S. Vanguard's Total Stock Market fund reflects the changing value of 3,650 companies of all shapes and sizes. Yes, segments of the market (large, middle, small) sometimes...
by kenner
Fri Jul 29, 2016 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: NYS Law: Should Umbrella Insurance Policy Cover Value of Retirement Accounts?
Replies: 7
Views: 1371

Re: NYS Law: Should Umbrella Insurance Policy Cover Value of Retirement Accounts?

According to the article linked below, it appears that both Roth IRAs and 403b accounts are exempt from claims of judgment creditors in New York, with only limited exceptions as noted: http://www.nolo.com/legal-encyclopedia/can-judgment-creditors-go-after-my-retirement-accounts-new-york.html Not sur...
by kenner
Thu Jul 28, 2016 12:18 am
Forum: Personal Investments
Topic: Disappointed with new 401k plan
Replies: 20
Views: 2006

Re: Disappointed with new 401k plan

Maybe we should cut your company some slack. We don't know the history or current financial status of your company, but we do know that some of the 401k providers you mentioned (Vanguard, Fidelity and maybe even AF) often offer reasonable, low cost investment choices. The rub may be that the fixed a...
by kenner
Wed Jul 27, 2016 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Excess Liability - Uninsured/Underinsured Motorist
Replies: 23
Views: 8743

Re: Re:

In our state the UM/UIM does not have anything to do with covering the vehicle, only medical payments to the occupants should the other driver be an fault and be underinsured or uninsured. The only benefit to us, or our passengers for that matter, would be possibly not having to pay our medical insu...
by kenner
Wed Jul 27, 2016 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Excess Liability - Uninsured/Underinsured Motorist
Replies: 23
Views: 8743

Re: Re:

UM and UIM also pay for non-economic damages such as pain and suffering, unlike health insurance. How are the amounts decided? Typically, dollar amounts are decided via settlement negotiations between the parties or through mediation/arbitration or litigation in the courts. The majority of uncompli...
by kenner
Wed Jul 27, 2016 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Excess Liability - Uninsured/Underinsured Motorist
Replies: 23
Views: 8743

Re: Re:

My question is...would it be a mistake to reduce UM and UIM to substantially below my collision bodily injury liability limits and expect my umbrella coverage to pick up any related claims for any passengers? Anyone we transport will have their own health insurance which should cover their medical ...
by kenner
Mon Jul 25, 2016 3:12 pm
Forum: Personal Investments
Topic: New to Bogleheads: Advice on my IRA/401k situation
Replies: 7
Views: 1095

Re: New to Bogleheads: Advice on my IRA/401k situation

[quote="ottto"] -- Accounts -- Checking/savings account: Current amount: ~$40,000 Principal 401(k): This is my current employer's account. Current amount: ~$15,000 Contribution % each paycheck: 15% Employer %: 0% (they currently do not match) Investment summary: Principal Trust(SM) Target ...
by kenner
Mon Jul 25, 2016 7:49 am
Forum: Personal Investments
Topic: Advice on using Not great Bond Fund in 401k
Replies: 11
Views: 1601

Re: Advice on using Not great Bond Fund in 401k

In the 28% tax bracket, I'd choose the combination of Vanguard muni funds in taxable in the proportion you feel comfortable with. In fact, I'd substantially overweight California tax-exempt. Your expense ratios in the VG funds should eventually have a .56% per year cost advantage over the fund in yo...
by kenner
Sun Jul 24, 2016 12:47 pm
Forum: Personal Investments
Topic: single premium deffered annuities- traditional tax deferred or ROTH
Replies: 11
Views: 1980

Re: single premium deffered annuities- traditional tax deferred or ROTH

Check to see if you can do a tax-free rollover from your IRA to an SPDA. The annuity experts at Vanguard should be able you with your analysis.
by kenner
Sat Jul 23, 2016 11:51 pm
Forum: Personal Investments
Topic: Mutual Fund Portfolio - 1st time Investor questions
Replies: 7
Views: 858

Re: Mutual Fund Portfolio - 1st time Investor questions

GreenBinary wrote:

(Q3) Should I wait little bit (hoping some drop in funds NAV) or invest right away? Also should I dollar cost average here or just put all at once?
This link may help:

viewtopic.php?t=123543
by kenner
Sat Jul 23, 2016 2:37 pm
Forum: Personal Consumer Issues
Topic: Car Insurance - Question
Replies: 2
Views: 436

Re: Car Insurance - Question

Seems confusing, but taken in its totality, the wording may mean that only after the third anniversary of the policy can your rates be increased if you request an adjustment based on your credit rating. Not sure how a court would interpret this language. If all else fails, call your agent or the com...
by kenner
Sat Jul 23, 2016 10:17 am
Forum: Personal Investments
Topic: Mutual Fund Portfolio - 1st time Investor questions
Replies: 7
Views: 858

Re: Mutual Fund Portfolio - 1st time Investor questions

I think it would be important to know the relative sizes of your taxable and tax sheltered accounts. TSM is ideal in taxable. In the 25% tax bracket, it is borderline that tax-exempt bond funds in a taxable account is advantageous to the investor - close call. All of the fund choices you mentioned a...
by kenner
Thu Jul 21, 2016 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Do any of you professionals have a litigation emergency fund?
Replies: 30
Views: 3421

Re: Do any of you professionals have a litigation emergency fund?

Generally, if a claim is brought against you, your employer's E&O carrier pays for your defense costs and attorney fees from dollar one regardless of the size of the deductible. Generally, most claimants will target the main defendant, i.e., the employer, if state law allows under respondeat sup...
by kenner
Thu Jul 21, 2016 8:16 am
Forum: Investing - Theory, News & General
Topic: Why does a massive company like Coca Cola or Johnson Johnson need money from investors?
Replies: 25
Views: 4032

Re: Why does a massive company like Coca Cola or Johnson Johnson need money from investors?

... mega-corps make a ton of income. Why do they need extra capital from investors? And I'm assuming they are getting loans from banks/investors as well (that would be bonds, if I understand correctly). So what would be the purpose of having 'investors' like myself who put money into their business...
by kenner
Mon Jul 18, 2016 10:36 pm
Forum: Personal Investments
Topic: Portfolio Help for a Naive Newer Investor
Replies: 8
Views: 1120

Re: Portfolio Help for a Naive Newer Investor

BOND VT Vantagepoint Cor Bnd Idx 7060 (Should I go 30% here since I'm almost 30 and investing 70% to the fund below?) U.S. STOCK VT Vantagepoint 500 Stk Idx 7067 (Should I go with 70% here since I'm about 30?) Based on the information presented so far, those two funds seem like your best bet. The a...
by kenner
Mon Jul 18, 2016 9:43 pm
Forum: Personal Investments
Topic: Help with elderly in laws
Replies: 4
Views: 1024

Re: Help with elderly in laws

Agree with pkcrafter,

Formatting such a large amount of data can be lead to much confusion. Years of experience has proved that if you can follow the following guidelines, you will get the best results:

viewtopic.php?f=1&t=6212
by kenner
Mon Jul 18, 2016 8:26 pm
Forum: Personal Investments
Topic: Should I keep this JH Annuity??
Replies: 13
Views: 3482

Re: Should I keep this JH Annuity??

First, thank you for your service to America. I have a great pension from the USAF so the income would be a nice to have not a must have. There is much to be said for an additional stream of income as a cushion against unexpected needs, especially over a period of time that may well exceed 20, 30 y...
by kenner
Mon Jul 18, 2016 4:25 pm
Forum: Personal Investments
Topic: Portfolio Help for a Naive Newer Investor
Replies: 8
Views: 1120

Re: Portfolio Help for a Naive Newer Investor

It seems you are on the right track all the way around. The 2050 fund is rated average by Morningstar. If I read the ICMA-RC info correctly, your employer can choose the investment options in your plans. Do you have choices not listed in your post? The 2050 fund does seem to be very risky, with litt...
by kenner
Mon Jul 18, 2016 3:34 pm
Forum: Personal Investments
Topic: Should I keep this JH Annuity??
Replies: 13
Views: 3482

Re: Should I keep this JH Annuity??

Depends on your investment situation and goals (need for income, longer term growth, asset allocation, etc.). Due to your relatively young age, I'd probably rule out an SPIA for another decade or longer. Have you compared price/benefit at various ages? If you have a sufficient investment time horizo...
by kenner
Sat Jul 16, 2016 2:20 pm
Forum: Personal Consumer Issues
Topic: Another Scam Warning
Replies: 5
Views: 1322

Re: Another Scam Warning

We simply don't answer the phone unless it is someone we know. And even then .... Likewise, I don't answer the phone if I don't recognize a caller's number. If the caller has something to say that they really think I need to hear, they always leave a message. The rest just hang up. And, if a messag...
by kenner
Thu Jul 14, 2016 7:06 pm
Forum: Personal Investments
Topic: new adviser reccomendation
Replies: 4
Views: 649

Re: new adviser reccomendation

Had a fee only consultation for our investment accounts and wondered if some kind folks would weigh in on them. We have various retirement and taxable accounts sitting in cash right now and need to get invested. Adviser likes to work with Fidelity. He suggests : 25% GOVT 20%IVV 17%IUSB 10%IAGG 10%I...
by kenner
Tue Jul 12, 2016 9:32 am
Forum: Personal Investments
Topic: Annuity - stick it out or bail ?
Replies: 4
Views: 843

Re: Annuity - stick it out or bail ?

Decisions about what to do with an existing variable annuity should be based on facts specific to your situation. Critical factors include determining total costs of your annuity (including possible surrender charges, total annual costs of the annuity including options and sub-accounts, if any, etc,...
by kenner
Tue Jul 12, 2016 12:04 am
Forum: Personal Investments
Topic: Please help with rather disorganized portfolio
Replies: 14
Views: 1918

Re: Please help with rather disorganized portfolio

I'd consider initially devoting the 401k solely to S&P 500 (TSM would maybe be preferable, but it doesn't seem to be available in your 401k) and then filling your other accounts (in which you have virtually unlimited options) with International stock, bonds (TBM or VWITX as apprpriate) and - if ...
by kenner
Mon Jul 11, 2016 8:26 pm
Forum: Personal Investments
Topic: Today's the day, I finally bought bonds
Replies: 13
Views: 1493

Re: Today's the day, I finally bought bonds

Given the information provided, it certainly seems that 75% stocks/ 25% bonds is very reasonable in your situation, especially in light of its tax-efficiency and the likelihood of an investment time horizon that may span 25 years or longer. The funds you have chosen are often highly recommended by B...
by kenner
Mon Jul 11, 2016 3:42 pm
Forum: Personal Investments
Topic: Portfolio Review - [Using Edward Jones, how to simplify?]
Replies: 20
Views: 3185

Re: Portfolio Review - [Using Edward Jones, how to simplify?]

I will be speaking with a vanguard PAS representative tomorrow. I also looked on the EJ website and found that my capital gains/loss in our taxable account appears to be -$4,000 in total.

Ironically, that will probably make unwinding your taxable account a lot simpler.
by kenner
Mon Jul 11, 2016 3:01 pm
Forum: Personal Investments
Topic: Annuity: ***Do I stay or do I go???
Replies: 3
Views: 742

Re: Annuity: ***Do I stay or do I go???

Are these variable annuities? If so, what are the fees for having the annuity contract and also the expense ratios for each fund in the annuity. If you're paying 2+% in fees, it may be cheaper to pay the surrender fee now and transfer the assets to a low cost IRA like Vanguard. They get the fee eit...
by kenner
Mon Jul 11, 2016 2:04 pm
Forum: Personal Investments
Topic: Portfolio design help - help me replace high expense ratio funds
Replies: 5
Views: 1482

Re: Portfolio design help - help me replace high expense ratio funds

SnowNovel and Ruralavalon,

Just wanted to express appreciation to both of you for one of the clearest and thoughtful posts I've ever seen that seeks - and provides - meaningful and helpful information.
by kenner
Sun Jul 10, 2016 1:48 pm
Forum: Personal Consumer Issues
Topic: Email compromised: How serious?
Replies: 45
Views: 8613

Re: Email compromised: How serious?

This is a good site for determining if your usernames or email addresses as username have been compromised in some of the data breaches. If the account username or email address shares a password with other accounts, then you can assume those accounts can also be compromised. https://haveibeenpwned...