Search found 94 matches

by fiverus
Wed Feb 22, 2017 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Balance Transfer card
Replies: 9
Views: 818

Re: Balance Transfer card

Earl Lemongrab. Understood. So, if I use a 0% card to transfer $3000 and pay off in 18 months well understand I cannot use the card. I don't intend to use it. But they will be a balance on Mastercard of $5700 APR 14.4 %. Is this a good plan? In the meantime, I picked up a 2nd job to pay off debt. I ...
by fiverus
Wed Feb 22, 2017 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Balance Transfer card
Replies: 9
Views: 818

Re: Balance Transfer card

Does anyone know what this means?

Do you instead have home equity you could transfer the debt to instead for a low rate?
by fiverus
Wed Feb 22, 2017 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Balance Transfer card
Replies: 9
Views: 818

Re: Balance Transfer card

seanmerron what do you mean Do you instead have home equity you could transfer the debt to instead for a low rate?

How do I go about this? I own my own home. Do you mean home equity loan through my mortgage company?
by fiverus
Wed Feb 22, 2017 10:10 am
Forum: Personal Finance (Not Investing)
Topic: Balance Transfer card
Replies: 9
Views: 818

Re: Balance Transfer card

I contacted DISCOVER they have an offer if I transfer $3000 (max credit line at Discover) from Mastercard I will pay 4.3% APR for 18 months, my payments would be $178 per month. Balance at Mastercard would be $5,600 at 14.4% APR. Yes, I check with DISCOVER after 18months APR goes up 23% APR. But $17...
by fiverus
Wed Feb 22, 2017 9:06 am
Forum: Personal Finance (Not Investing)
Topic: Balance Transfer card
Replies: 9
Views: 818

Balance Transfer card

So I have 1 credit credit I want to pay off, Mastercard APR 14.4%. However I've been reading about best transfer cards DISCOVER IT If you’re carrying balances on other high-APR cards, this card was made for you. First off, the Discover it – 21 Month Balance Transfer Offer card features a 21-month 0%...
by fiverus
Thu Feb 09, 2017 10:07 am
Forum: Personal Consumer Issues
Topic: Where to stay in Sanibel Island, FL recommendations
Replies: 7
Views: 1376

Re: Where to stay in Sanibel Island, FL recommendations

Pennywise, Thank you for your comments. I think I am leaning more towards Sanibel. Out of the 3 Westwind Inn, Mitchell's sandcastles and Island Inn which one is more tastefully decorated? Nicer? Sometimes pictures are deceiving where it looks nice online but when you get there not so nice. Also view...
by fiverus
Tue Feb 07, 2017 1:02 pm
Forum: Personal Consumer Issues
Topic: Where to stay in Sanibel Island, FL recommendations
Replies: 7
Views: 1376

Where to stay in Sanibel Island, FL recommendations

I am planning a vacation to Sanibel Island, any recommendations are appreciated. This will be our first time, myself and 3 adult children. I hear good things about West Wind Inn. We would like to stay on the beach. We would be going for less than a week.
by fiverus
Thu Feb 02, 2017 1:10 pm
Forum: Personal Consumer Issues
Topic: Where to stay in Siesta Key
Replies: 10
Views: 1934

Where to stay in Siesta Key

My family ( myself and 3 adult children) is planning a vacation to Florida Siesta Key area. Any recommendations where to stay in Seista Key? And things to do in Siesta Key. We are looking for beach front accommodations. We are planning say 3-4 nights
by fiverus
Mon Jan 30, 2017 11:00 am
Forum: Investing - Help with Personal Investments
Topic: Edward Jones [Looking for alternatives]
Replies: 85
Views: 7258

Re: Edward Jones [Looking for alternatives]

I just wanted to say thank you for your helpful advice, I do feel uplifted by what you (and others) have said so thanks for the always real and positive feed back. Your daily inquiries let me know and guided me to make the right decision to exit from EJ. Let's say in 1-2 weeks I will start transfer ...
by fiverus
Mon Jan 30, 2017 10:05 am
Forum: Investing - Help with Personal Investments
Topic: Edward Jones [Looking for alternatives]
Replies: 85
Views: 7258

Re: Edward Jones [Looking for alternatives]

Understood. So, Fidelity or VG? both excellent

Fidelity 'Target Retirement- Fidelty Freedom index 2025 FQIFX
or
Vangaurd 'Target Retirement 2025is their a symbol?
by fiverus
Mon Jan 30, 2017 8:31 am
Forum: Investing - Help with Personal Investments
Topic: Edward Jones [Looking for alternatives]
Replies: 85
Views: 7258

Re: Edward Jones [Looking for alternatives]

indexfunfan, I spoke with VG, the rep assured me there is no transfer fee from EJ to VG. She said to sell 'all funds' to cash at EJ then initiate the transfer. In the meantime, set up account with VG, initiate transfer, indicate to put the funds into Target Retirement 2025. Once transfer is complete...
by fiverus
Sun Jan 29, 2017 7:34 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones [Looking for alternatives]
Replies: 85
Views: 7258

Re: Edward Jones [Looking for alternatives]

I know EJ has trading authorization with me. I don't call him to trade. Money is taken out each month from my checking account then EJ purchases every 3 months. Summary: Cancel contributions to EJ Call VG and check with them which funds they can sell with no fee, if some funds have fees, call EJ and...
by fiverus
Sun Jan 29, 2017 6:56 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones [Looking for alternatives]
Replies: 85
Views: 7258

Re: Edward Jones [Looking for alternatives]

How to I check if I have given trading authorization to EJ? And how do I revoke it?
by fiverus
Sun Jan 29, 2017 10:56 am
Forum: Investing - Help with Personal Investments
Topic: Edward Jones [Looking for alternatives]
Replies: 85
Views: 7258

Re: Edward Jones [Looking for alternatives]

I think have VG do the transfer once I fill out the form. I know there are transfer fees involved. I don't pay an advisor is required. right?
by fiverus
Sun Jan 29, 2017 10:46 am
Forum: Investing - Help with Personal Investments
Topic: Edward Jones [Looking for alternatives]
Replies: 85
Views: 7258

Re: Edward Jones [Looking for alternatives]

As I prepare for the transfer, what if any communications should I have with Edward Jones? I know I need to let EJ know which funds I would like to sell but do I need to explain why? or let VG/Fidelity handle the transfer and don't say anything to EJ. I seem to be leaning towards VG, I know some fee...
by fiverus
Sat Jan 28, 2017 4:42 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones [Looking for alternatives]
Replies: 85
Views: 7258

Re: Edward Jones [Looking for alternatives]

Indexfundfan, I check with Fidelity earlier today, They do pay for the transfer. Fidelity said I will have to sell these and have cash go into money market, Will VG be the same? please advise. Trad IRA VCT SYC EST CL I (VEVIX VCT SYC SCO CL I (VSOIX Roth IRA AMER MUTUL F2 SH (AMRFX MFS INT NW DIS I ...
by fiverus
Sat Jan 28, 2017 5:59 am
Forum: Investing - Help with Personal Investments
Topic: Edward Jones [Looking for alternatives]
Replies: 85
Views: 7258

Re: Edward Jones [Looking for alternatives]

Great advice- I'm working on it. Transfer to VG or Fidelity. Do not contribute to IRA's. Aggressively pay down credit card. Once paid off aggressively pay down car loan and increase contribution to 401k Here are my funds at EJ. I should ask VG or Fidelity if there are any fees for selling these fund...
by fiverus
Fri Jan 27, 2017 8:55 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones [Looking for alternatives]
Replies: 85
Views: 7258

Re: Edward Jones [Looking for alternatives]

You guys are amazing!! Thanks for your support and making my day. :happy Yes, I agree paying off debt. I will call fidelity and clarify if the reimburse exit fee from EJ. Also I will look into what funds I have with those 2 accounts at EJ and clarify with VG if there is a fee to sell them. I will po...
by fiverus
Fri Jan 27, 2017 4:25 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones [Looking for alternatives]
Replies: 85
Views: 7258

Re: Edward Jones [Looking for alternatives]

I will try to find out how EJ charges for exit fee. I think its the same for everyone. Maybe they post on their website or I can call their 800 number.
by fiverus
Fri Jan 27, 2017 4:21 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones [Looking for alternatives]
Replies: 85
Views: 7258

Re: Edward Jones [Looking for alternatives]

livesoft, 6% to companies 5%, I think marginal income tax bracket is 25%.

What does 'Are you eligible to make deductible traditional IRA contributions' mean?
by fiverus
Fri Jan 27, 2017 4:18 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones [Looking for alternatives]
Replies: 85
Views: 7258

Re: Edward Jones [Looking for alternatives]

ICMoney, Yes this sounds right. To recap: I think once I make transfer from EJ to VG DO NOT CONTRIBUTE to IRA's, instead increase percentage say 9% or 10% to my 401k. I would like to up my traditional 401k contributions above 6% in the next month or so. Near future. I am working 2 jobs to pay off de...
by fiverus
Fri Jan 27, 2017 3:24 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones [Looking for alternatives]
Replies: 85
Views: 7258

Re: Edward Jones [Looking for alternatives]

Yes, I'm suggesting you look into that and understanding. But there are other possibilities, too. So, should I ask my accountant? How should I approach? But some quesstions to answer first: How much must you contribute to your 401(k) to get absolute most company match? 6% Are you eligible to make de...
by fiverus
Fri Jan 27, 2017 2:09 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones [Looking for alternatives]
Replies: 85
Views: 7258

Re: Edward Jones [Looking for alternatives]

Does anyone have a recommendation for a financial advisor in the chicagoland area? I am in NW suburb of Chicago. I need better understand of this. Based on what I have read about your financial situation, when you retire, you will be paying expenses mostly from your Social Security checks and not fr...
by fiverus
Fri Jan 27, 2017 10:49 am
Forum: Investing - Help with Personal Investments
Topic: Edward Jones [Looking for alternatives]
Replies: 85
Views: 7258

Re: Edward Jones [Looking for alternatives]

I changed my 401k to this as suggested earlier.

As for your 401(k), I suggest the following three funds

Vanguard Total Bond Market Index I VBTIX 0.05%
Vanguard Institutional Index I VINIX 0.04%
Vanguard Total Intl Stock Index Admiral VTIAX 0.12%

Say 40% in VBTIX, 40% in VINIX and 20% in VTIAX.
by fiverus
Fri Jan 27, 2017 10:45 am
Forum: Investing - Help with Personal Investments
Topic: Edward Jones [Looking for alternatives]
Replies: 85
Views: 7258

Re: Edward Jones [Looking for alternatives]

So, is my understanding correct? Once I transfer both IRAs from EJ to Vanguard do not continue to contribute to either of those? Increase my percentage of contribution with 401k lets say from 6% to 9% or 10%.
by fiverus
Fri Jan 27, 2017 10:24 am
Forum: Investing - Help with Personal Investments
Topic: Edward Jones [Looking for alternatives]
Replies: 85
Views: 7258

Re: Edward Jones [Looking for alternatives]

I'm close to 60 and I am not able to contribute those contributions you suggested.

What does this mean? If you pay no income taxes already, then let me know as that would suggest getting the full match of the 401(k), then contributing to a Roth IRA. Income taxes are taken out of my paycheck.
by fiverus
Fri Jan 27, 2017 9:55 am
Forum: Investing - Help with Personal Investments
Topic: Edward Jones [Looking for alternatives]
Replies: 85
Views: 7258

Re: Edward Jones [Looking for alternatives]

Thank you for your comment. I agree.

as for 401k I am contributing 6% company matches 5%. I am thinking of changing to contributing 8% company matches 5%. Sound good?
by fiverus
Fri Jan 27, 2017 9:12 am
Forum: Investing - Help with Personal Investments
Topic: Edward Jones [Looking for alternatives]
Replies: 85
Views: 7258

Re: Edward Jones [Looking for alternatives]

I got this is my messages, any comments are welcome Your two fund idea is fine--Vanguard total stock market and total bond. If you use Vanguard's PAS robo system they may also add total international. You can check with them to find out. I also think your asset allocation of 50/50 is good, but Vangu...
by fiverus
Thu Jan 26, 2017 3:39 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones [Looking for alternatives]
Replies: 85
Views: 7258

Re: Edward Jones [Looking for alternatives]

for 401k Do I make the change to existing money in the accounts and future money going in? right?
by fiverus
Thu Jan 26, 2017 3:21 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones [Looking for alternatives]
Replies: 85
Views: 7258

Re: Edward Jones [Looking for alternatives]

Thank you for your suggestions, I highly appreciate.

Best Regards,
by fiverus
Wed Jan 25, 2017 8:23 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones [Looking for alternatives]
Replies: 85
Views: 7258

Re: Edward Jones [Looking for alternatives]

I need some help, I'm retiring in 7-9 years and I need some advise.

Does this sound good:
Vanguard 2 fund portfolio 50/50 split 1/2 bonds, 1/2 stocks
1. total stock market index fund * stock index VG s & P 500 VTSAX
2. total bond market index fun
by fiverus
Wed Jan 25, 2017 1:29 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones [Looking for alternatives]
Replies: 85
Views: 7258

Re: Edward Jones [Looking for alternatives]

401k outline now: American Funds Fundamental Invs R6 RFNGX, expense rate 0.31%,9%allocation JPMorgan Large Cap Growth R6 JLGMX,0.59%, 20%allocation Vanguard Mid Cap Index I VMCIX,0.07%,24%allocation American Funds EuroPacific Gr R6,RERGX,0.50%, 17%allocation Vanguard Total Intl Stock Index Admiral, ...
by fiverus
Wed Jan 25, 2017 11:59 am
Forum: Investing - Help with Personal Investments
Topic: Edward Jones [Looking for alternatives]
Replies: 85
Views: 7258

Re: Edward Jones [Looking for alternatives]

I posted analysis of 401k name, symbol, expense ratio but I don't see it.
by fiverus
Wed Jan 25, 2017 11:52 am
Forum: Investing - Help with Personal Investments
Topic: Edward Jones [Looking for alternatives]
Replies: 85
Views: 7258

Re: Edward Jones [Looking for alternatives]

I would like to move EJ accounts to VG soon, say 1-2 month. I can talk with advisor from VG about putting each in a single Target date fund.
All my investment holdings are Trad IRA, Roth IRA, and 401k. That's it.
by fiverus
Wed Jan 25, 2017 10:19 am
Forum: Investing - Help with Personal Investments
Topic: Edward Jones [Looking for alternatives]
Replies: 85
Views: 7258

Re: Edward Jones [Looking for alternatives]

First off, thank you all for your comments. I understand to move both IRA's to Vanguard. I'd like to do this ASAP. But I have question about my 401k. As you know my 401k is through my employment and they match 6%. From what I have read from comments it sounds like all 3 should be moved to Vanguard. ...
by fiverus
Tue Jan 24, 2017 4:56 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones [Looking for alternatives]
Replies: 85
Views: 7258

Re: Edward Jones [Looking for alternatives]

I will go on Edward Jones site tomorrow. I have to leave now from my day job and go to my night job.
by fiverus
Tue Jan 24, 2017 4:42 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones [Looking for alternatives]
Replies: 85
Views: 7258

Re: Edward Jones [Looking for alternatives]

Thank you for your advice. Do I call Vanguard and discuss with advisor both of your suggestions?

Target Retirement fund or Targe Date fund
by fiverus
Tue Jan 24, 2017 4:41 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones [Looking for alternatives]
Replies: 85
Views: 7258

Re: Edward Jones [Looking for alternatives]

401k is with Transamerica The Safe Harbour 2.71% rate of return and the symbol of the fund(s) What does this mean? I'm concerned where to move IRA's. my 401k $61,958.13 balance my Trad IRA $16,531.07 balance my Roth IRA $11,931.90 balance Where do I find Symbol and expense rate? I have access to all...
by fiverus
Tue Jan 24, 2017 4:09 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones [Looking for alternatives]
Replies: 85
Views: 7258

Re: Edward Jones [Looking for alternatives]

I'm sorry I'm so ignorant about investing. I am scared and trying my best. I am thankful I found this site.
Who can I discuss my 401k and and Trad IRA and Roth IRA with Edward Jones?
by fiverus
Tue Jan 24, 2017 4:02 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones [Looking for alternatives]
Replies: 85
Views: 7258

Re: Edward Jones [Looking for alternatives]

I have 2nd job to pay off my debt of 9k
I purchased used car. but took out a loan for 72 months.


Who can analyze my 401k? What is your suggestion I have Trad IRA and Roth IRA with EJ? Where should I move this?
by fiverus
Tue Jan 24, 2017 2:58 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones [Looking for alternatives]
Replies: 85
Views: 7258

Re: Edward Jones [Looking for alternatives]

With Edward Jones, I have Traditional IRA, Roth IRA. contribute $75 per month. EJ buys every 3 months. My employment 401k company matches 6% Mortgage 4.375% 30 year. Loan was established 6 1/2 yr ago credit card 14.40% APR owe 9k car loan 5% 72 months. this is new as of January I do not have a savin...
by fiverus
Tue Jan 24, 2017 1:31 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones [Looking for alternatives]
Replies: 85
Views: 7258

Re: Edward Jones portfolio

How do I post my portfolio? I have a copy but what information do you need?
by fiverus
Tue Jan 24, 2017 11:54 am
Forum: Investing - Help with Personal Investments
Topic: Edward Jones [Looking for alternatives]
Replies: 85
Views: 7258

Re: Edward Jones [Looking for alternatives]

Thank you all for your comments. With Edward Jones I have Traditional IRA and Roth IRA. I will send a copy of my portfolio shortly. I would definitely need an advisor. I am thinking Schwab or Vanguard pas for .3%. I would like to set an account where I contribute each month like I do now. I am a bit...
by fiverus
Mon Jan 23, 2017 4:48 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones [Looking for alternatives]
Replies: 85
Views: 7258

Edward Jones [Looking for alternatives]

Hello, To be honest I don't have a lot of knowledge about investing. I found this site by accident. I have Roth IRA and other investments with Edward Jones. I thought I was in good hands and my adviser is working for my best interest but after reading all the posts about Edward Jones I'm afraid I wa...