Search found 1246 matches

by friar1610
Sat Dec 30, 2017 11:02 am
Forum: Personal Finance (Not Investing)
Topic: How much to contribute to DAF this year: impact of future QCD
Replies: 14
Views: 1009

Re: How much to contribute to DAF this year: impact of future QCD

Don't have a DAF and don't want one. (Vanguard's minimum is too high; I could work with Fidelity's minimum but don't want to open an account with another provider). As an alternative I did some extra year-end donations via transfer of appreciated ETF shares. The major charity agreed to treat the co...
by friar1610
Fri Dec 29, 2017 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: How much to contribute to DAF this year: impact of future QCD
Replies: 14
Views: 1009

Re: How much to contribute to DAF this year: impact of future QCD

Don't have a DAF and don't want one. (Vanguard's minimum is too high; I could work with Fidelity's minimum but don't want to open an account with another provider). As an alternative I did some extra year-end donations via transfer of appreciated ETF shares. The major charity agreed to treat the con...
by friar1610
Fri Dec 29, 2017 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Donating shares from Vanguard
Replies: 17
Views: 1343

Re: Donating shares from Vanguard

I checked my account this morning and it appears the transfer I mentioned several posts above did get completed in time for a 2017 deduction. I faxed both the VG form and the form from the charity to a number my Flagship rep had given me (484-582-4544). I called once in the interim to ensure everyth...
by friar1610
Thu Dec 28, 2017 5:46 pm
Forum: Investing - Theory, News & General
Topic: VBTLX in taxable or IRA account confusion
Replies: 9
Views: 1068

Re: VBTLX in taxable or IRA account confusion

May never apply to you but... If you'll come upon a time when you are forced to sell investments in a taxable account for living expenses, they may affect you tax-wise in unexpected ways. Specifically, selling stocks with significant capital gains might seem like no big deal if you are under a thre...
by friar1610
Thu Dec 28, 2017 9:31 am
Forum: Investing - Help with Personal Investments
Topic: Investing at Age of 78
Replies: 7
Views: 1457

Re: Investing at Age of 78

Have you considered the Target Retirement Income Fund (30/70 stocks/bonds) or either the Conservative Growth or Income versions of the Life Cycle family (40/60 and 20/80, respectively)? Any of these would be conservative, self-managing and would avoid the 30 basis point annual fee for VG professiona...
by friar1610
Wed Dec 27, 2017 12:07 pm
Forum: Investing - Theory, News & General
Topic: Navy Federal CU Benefit
Replies: 3
Views: 810

Re: Navy Federal CU Benefit

Wow - thanks. Edited to update: Talked to NFCU and learned that I apparently used a .25% 25 year bonus in the past for a CD. I have two CDs set to roll over to NFCU's current 15 month 2.25% CD offering in 4 more days. BUT, this 50 year .5% bonus is not good on rollovers. I would have to let those CD...
by friar1610
Tue Dec 26, 2017 2:38 pm
Forum: Investing - Theory, News & General
Topic: NavyFed IRA CDs: 32-months 2.75% APY
Replies: 24
Views: 2588

Re: NavyFed IRA CDs: 32-months 2.75% API

Big fan and longtime member of NFCU here. But I like their previously announced 15 mo. 2.25% deal better. With rates potentially rising, tying the money up half as long with close to the same rate is more attractive to me. Of course it's a perfectly valid choice to keep your term risk less in retur...
by friar1610
Mon Dec 25, 2017 8:05 pm
Forum: Investing - Theory, News & General
Topic: NavyFed IRA CDs: 32-months 2.75% APY
Replies: 24
Views: 2588

Re: NavyFed IRA CDs: 32-months 2.75% API

239 people clicked on this message but nobody has responded. Is the silence a sign of agreement? Or 2.75% for 32 months is not good enough? Victoria Big fan and longtime member of NFCU here. But I like their previously announced 15 mo. 2.25% deal better. With rates potentially rising, tying the mon...
by friar1610
Mon Dec 25, 2017 1:26 pm
Forum: Investing - Theory, News & General
Topic: NavyFed IRA CDs: 32-months 2.75% APY
Replies: 24
Views: 2588

Re: NavyFed IRA CDs: 32-months 2.75% API

239 people clicked on this message but nobody has responded. Is the silence a sign of agreement? Or 2.75% for 32 months is not good enough? Victoria Big fan and longtime member of NFCU here. But I like their previously announced 15 mo. 2.25% deal better. With rates potentially rising, tying the mon...
by friar1610
Mon Dec 25, 2017 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Donating shares from Vanguard
Replies: 17
Views: 1343

Re: Donating shares from Vanguard

I donated by transferring MF shares to a specific charity's VG account for a number of years. It was a burdensome process that involved my filling out a form, sending it to the charity so they could certify that they'd accept the shares, then having the charity send it on to VG for execution. The ye...
by friar1610
Mon Dec 25, 2017 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Will you donate less to Charity?
Replies: 109
Views: 8885

Re: Will you donate less to Charity?

No, I will not donate less to charity. For the past 10 years or so I made my largest annual charitable deduction via the transfer of appreciated MF or ETF shares directly to the charity. Earlier this yeat I decided to try using a QCD since I am now taking RMDs that I don't really need for living exp...
by friar1610
Fri Dec 22, 2017 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone here purchased a home for cash (no mortgages)?
Replies: 39
Views: 4456

Re: Has anyone here purchased a home for cash (no mortgages)?

Hello, Wondering if anyone here has purchased a home with cash, without signing up for a mortgage. If so, what are your experiences with the decision afterwards, has it 1)increased the amount you can save each month, over the long term as well (since one is not paying the interest on mortgages)? 2)...
by friar1610
Fri Dec 22, 2017 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Do you see a meaningful change in your income with new Tax Bill?
Replies: 266
Views: 24565

Re: Do you see a meaningful change in your income with new Tax Bill?

The calculator says we'll save $400-$500 in taxes. Retired 72/71. Income will increase by the amount of the SS/military pension inflation adjustments. And by any increased dividends on our VG holdings. Will no longer itemize but that will only be a $3000 advantage from current deductions. Marginal b...
by friar1610
Thu Dec 21, 2017 6:00 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's Wellesley Income fund is incredible
Replies: 175
Views: 52900

Re: Vanguard's Wellesley Income fund is incredible

Boy - I am really torn. All of our IRAs are in Total Bond fund and I want to add just a wee slice of equities (but not so much that our overall AA is thrown out of kilter and not make things too complicated for my wife to deal with if I depart first). The two things I have under consideration are: ...
by friar1610
Thu Dec 21, 2017 5:40 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's Wellesley Income fund is incredible
Replies: 175
Views: 52900

Re: Vanguard's Wellesley Income fund is incredible

Boy - I am really torn. All of our IRAs are in Total Bond fund and I want to add just a wee slice of equities (but not so much that our overall AA is thrown out of kilter and not make things too complicated for my wife to deal with if I depart first). The two things I have under consideration are: ...
by friar1610
Thu Dec 21, 2017 4:30 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's Wellesley Income fund is incredible
Replies: 175
Views: 52900

Re: Vanguard's Wellesley Income fund is incredible

Boy - I am really torn. All of our IRAs are in Total Bond fund and I want to add just a wee slice of equities (but not so much that our overall AA is thrown out of kilter and not make things too complicated for my wife to deal with if I depart first). The two things I have under consideration are: -...
by friar1610
Wed Dec 20, 2017 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: A meal with friends yields a financial revelation
Replies: 95
Views: 13120

Re: A meal with friends yields a financial revelation

Time Lord,

Nice post. I guess we have achieved sufficient abundance to be at the 3rd level you mention. Still live reasonably frugally day-to-day (more out of habit and predisposition than necessity) but don't hesitate to splurge for a reunion with old friends, a special occasion or a trip.
by friar1610
Tue Dec 19, 2017 5:19 pm
Forum: Investing - Help with Personal Investments
Topic: going to cash w present instability
Replies: 62
Views: 10577

Re: going to cash w present instability

It is difficult to find an overall safer investment than Vanguard’s Target Retirement Income mutual fund. Somewhere earlier in the thread the OP alluded to a 20/80 allocation. If the TR Income fund is "too aggressive" at 30/70 be aware that in the Life Strategy family of Vanguard balanced funds the...
by friar1610
Sat Dec 16, 2017 12:53 pm
Forum: Investing - Theory, News & General
Topic: Is 120 months of expenses in Fixed Income plus 100/0 a viable long term allocation?
Replies: 42
Views: 2300

Re: Is 120 months of expenses in Fixed Income plus 100/0 a viable long term allocation?

TomatoTomahto wrote:
Sat Dec 16, 2017 11:05 am

If, having won the game, you obsess over 50/50, or should it be 30/70, or perhaps 70/30, or what should my rebalancing strategy be, etc., then you’re missing the best part of the victory. Wheeee!

🍅🍅
I really like this.
by friar1610
Fri Dec 15, 2017 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: When do I sign up for Tricare-For-Life?
Replies: 2
Views: 428

Re: When do I sign up for Tricare-For-Life?

Friends, I will be turning 65 in a few months and I have a quick question about signing up for Medicare and Tricare-For-Life. I assume I sign up for Medicare first during the initial enrollment period (earliest is 3 months prior to age 65, latest is 3 months after and not including the month I turn...
by friar1610
Fri Dec 15, 2017 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: QCDs under proposed tax bill?
Replies: 4
Views: 608

QCDs under proposed tax bill?

Has anyone seen any authoritative articles regarding the likely treatment of QCDs from IRAs under the proposed tax legislation? I have not heard this mentioned nor could I find anything in doing a search.
by friar1610
Fri Dec 15, 2017 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Active Duty Military Bereavement Leave?
Replies: 16
Views: 4037

Re: Active Duty Military Bereavement Leave?

OrderAndChaos wrote:
Fri Dec 15, 2017 10:11 am
Emergency leave does not cover the death of a grandparent, unless they are considered in loco parentis.
Ah ha; did not realize (or had otherwise forgotten) that. Thanks.
by friar1610
Fri Dec 15, 2017 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Active Duty Military Bereavement Leave?
Replies: 16
Views: 4037

Re: Active Duty Military Bereavement Leave?

no there's no bereavement leave in the military. it's just charged as normal leave, not nonchargeable leave. Unless things have changed, it's classified as "emergency leave". As you correctly point out, emergency leave is charged against one's regular leave benefit. But the designation of "emergenc...
by friar1610
Wed Dec 13, 2017 6:31 pm
Forum: Investing - Theory, News & General
Topic: List of Equivalent Fidelity vs Vanguard Funds
Replies: 5
Views: 2579

Re: List of Equivalent Fidelity vs Vanguard Fund

I don't know if this has been posted before, but I was looking for this a while back and had trouble finding such a complete list. The link below shows the equivalent Fidelity Fund for a given Vanguard Fund, by both index and share class. It's from Fidelity's website. https://clearingcustody.fideli...
by friar1610
Tue Dec 12, 2017 10:28 am
Forum: Personal Consumer Issues
Topic: A Trip to Russia
Replies: 81
Views: 5497

Re: A Trip to Russia

Are you taking an arranged tour? Unless you speak Russian, it's not easy to do Russia by yourselves. Here's what one guide told us: Almost all Russians (I believe she was referring to those in the larger cities) speak a 2nd language. If they are older, it's likely German; if they're younger, English.
by friar1610
Sun Dec 10, 2017 5:09 pm
Forum: Personal Consumer Issues
Topic: Best vehicle for seniors?
Replies: 73
Views: 7044

Re: Best vehicle for seniors?

CULater wrote:
Thu Nov 23, 2017 10:19 am
Outback is a wagon. Therefore, Outback for seniors.
Maybe I missed something in an earlier post that you're referring to. Seniors and wagons are incompatible? I'm a senior who drives one and will likely replace it with a wagon when the time comes.
by friar1610
Fri Dec 08, 2017 2:13 pm
Forum: Investing - Help with Personal Investments
Topic: Active duty family allocation advice please
Replies: 6
Views: 864

Re: Active duty family allocation advice please

Is there any way you can make a case for NH as your residence? It has no state income tax although it does tax interest and dividends from non-NH sources. I had NH relatives and used their address as my home of residence. I registered my cars there, got a NH drivers license, voted there and opened a...
by friar1610
Thu Dec 07, 2017 4:09 pm
Forum: Personal Consumer Issues
Topic: A Trip to Russia
Replies: 81
Views: 5497

Re: A Trip to Russia

I've been to Russia twice and I agree with virtually all of the comments you've already received regarding places to see. We were there on two separate cruises: 1. Moscow to St. Petersburg river cruise with Uniworld. About 2 weeks with 3 days each in Moscow and St. Petersburg. 2. Two day visit to St...
by friar1610
Thu Dec 07, 2017 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: What did you do with your first RMD withdrawal money?
Replies: 71
Views: 6895

Re: What did you do with your first RMD withdrawal money?

cheese_breath wrote:
Thu Dec 07, 2017 9:47 am
Reinvested it in taxable account.
+1

Have done the same with every RMD distribution except one which I used for a QCD.
by friar1610
Thu Dec 07, 2017 10:57 am
Forum: Investing - Theory, News & General
Topic: I-Bonds?
Replies: 80
Views: 15706

Re: I-Bonds?

About 1/3 of our FI is in I-Bonds. About 1/6 is in a CDC ladder (taxable) and the remainder is in Total Bond in IRAs. Don't know if this is the ideal plan but I feel like we have our bases pretty well covered. We are retirees in the RMD stage. The I-Bonds add a bit of inflation protection to our inf...
by friar1610
Tue Dec 05, 2017 5:18 pm
Forum: Personal Consumer Issues
Topic: What does Medicare cover for oversea retirees?
Replies: 8
Views: 1338

Re: What does Medicare cover for oversea retirees?

I realize this probably applies to only a very small percentage of BHs, but... If you are entitled to Tricare for Life, the Government-paid supplement to Medicare for military retirees and their spouses, it will pay for medical treatment outside the US. You have to pay the overseas provider and reta...
by friar1610
Tue Dec 05, 2017 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Navy Federal CU Special Certificate
Replies: 7
Views: 2186

Re: Navy Federal CU Special Certificate

Just noticed on the NFCU website that effective today they are offering a Special 15-month Certificate (Share Only) with a $50 minimum deposit and $50,000 maximum with additional deposits allowed at any time, subject to the maximum balance. The APY is 2.25% According to my records in December of la...
by friar1610
Mon Dec 04, 2017 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: Navy Federal CU Special Certificate
Replies: 7
Views: 2186

Re: Navy Federal CU Special Certificate

Just noticed on the NFCU website that effective today they are offering a Special 15-month Certificate (Share Only) with a $50 minimum deposit and $50,000 maximum with additional deposits allowed at any time, subject to the maximum balance. The APY is 2.25% According to my records in December of la...
by friar1610
Sun Dec 03, 2017 8:55 pm
Forum: Personal Consumer Issues
Topic: BH Volvo XC90 Review
Replies: 27
Views: 4510

Re: BH Volvo XC90 Review

Good report from the OP. I've owned 3 Volvos over the years (currently have a 2005 XC-70 wagon). I've been happy with them and have driven each >10 years. I personally prefer wagons over SUVs so have researched the V60 and V90. For me, at least, Volvo has priced themselves out of the market. I might...
by friar1610
Sun Dec 03, 2017 8:22 pm
Forum: Investing - Theory, News & General
Topic: The Pros and Cons of Target-Date Funds vs 3 Fund: LifeCycle Investing
Replies: 32
Views: 5154

Re: The Pros and Cons of Target-Date Funds vs 3 Fund: LifeCycle Investing

There's nothing wrong with target date funds during accumulation. In retirement, however, when one might be drawing down accounts, I'd rather have the flexibility of separate fund accounts so that in a down market one could liquidate fixed income funds and in an up market equity funds. I agree with...
by friar1610
Thu Nov 30, 2017 8:53 pm
Forum: Personal Consumer Issues
Topic: Ideas for a few days in Belfast, NI
Replies: 8
Views: 1018

Re: Ideas for a few days in Belfast, NI

Just a quick report back on the few days in Belfast. Our schedule was partly impacted by the fact that we were there for the Friendship Four hockey tournament which featured 4 US college hockey teams playing in a tournament (at a very modern arena). So game times and a couple of related social event...
by friar1610
Sun Nov 26, 2017 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone used myfreetaxes.com?
Replies: 11
Views: 1151

Re: Anyone used myfreetaxes.com?

I have used FreeFile with people I tutor in English literacy to teach them a practical application of using English AND saving money. It's an IRS-sponsored program with a variety of different software packages, each having its own age and income requirements, available. Just google "Free File".
by friar1610
Tue Nov 21, 2017 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Why not take Social Security at 62
Replies: 334
Views: 31377

Re: Why not take Social Security at 62

I'm 72 and my wife (71) and I each took SS at 62. At that time I had been retired for 4 years. Virtually all of the money has been invested or saved. I haven't tracked those investments/savings closely enough to tell you what that money is worth now. I have a nice inflation-adjusted pension which is...
by friar1610
Sun Nov 19, 2017 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: RMD and taxes
Replies: 16
Views: 2316

Re: RMD and taxes

VG will take out state taxes. Vanguard will withhold state income taxes for some states and not for others. They will not withhold for my state (Ohio). If you need withholding for state taxes, verify that VG will do that before you depend upon it. Wow! I didn't realize that; thanks for the clarific...
by friar1610
Sun Nov 19, 2017 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: RMD and taxes
Replies: 16
Views: 2316

Re: RMD and taxes

Something else you can do with your RMD tax-wise: - if you have sources of income that cause you to have to do quarterly estimated taxes (that is, sources from which you can't have taxes taken out) you can increase the amount of tax taken out from your RMD so you eliminate the need to do estimated t...
by friar1610
Sat Nov 18, 2017 5:40 pm
Forum: Investing - Help with Personal Investments
Topic: Variable annuity trading costs?
Replies: 17
Views: 1004

Re: Variable annuity trading costs?

ER's reduce the yield of the fund. You don't directly see the ER whether within or without an annuity. Yeah, you do see the ERs - they're in the prospectus for every mutual fund and VA portfolio. What you don't see are the trading costs for the stocks/bonds within the MFs/VA portfolios. Both reduce...
by friar1610
Sat Nov 18, 2017 5:30 pm
Forum: Investing - Help with Personal Investments
Topic: Variable annuity trading costs?
Replies: 17
Views: 1004

Re: Variable annuity trading costs?

I would think the "funds" within a VA would have roughly the same trading costs as the mutual funds they clone. And, my understanding is that in mutual funds those costs are not included in the ER so I would think the same would be true for VA portfolios. Of course by using index portfolios within a...
by friar1610
Sat Nov 18, 2017 12:06 pm
Forum: Investing - Help with Personal Investments
Topic: RMD account
Replies: 16
Views: 1667

Re: RMD account

Hitting your RMD to the exact dollar is challenging unless you distribute some cash since mutual fund values change every day, and specific securities change value constantly. You cannot be sure exactly when the distribution will be processed and the value recorded, and therefore there will likely ...
by friar1610
Sat Nov 18, 2017 8:44 am
Forum: Investing - Help with Personal Investments
Topic: RMD account
Replies: 16
Views: 1667

Re: RMD account

Hitting your RMD to the exact dollar is challenging unless you distribute some cash since mutual fund values change every day, and specific securities change value constantly. You cannot be sure exactly when the distribution will be processed and the value recorded, and therefore there will likely ...
by friar1610
Fri Nov 17, 2017 5:31 pm
Forum: Investing - Help with Personal Investments
Topic: RMD account
Replies: 16
Views: 1667

Re: RMD account

If you like your current asset allocation and think it has the right amount of risk for you, you can just keep it. You can withdraw anything you want from it in-kind , which means to transfer the asset out without selling it and re-buying it in a taxable account. For example, you could withdraw x s...
by friar1610
Thu Nov 16, 2017 9:25 pm
Forum: Personal Consumer Issues
Topic: Do you meditate?
Replies: 131
Views: 12269

Re: Do you meditate?

Yes, everyday. I'm a Catholic and there is, of course, a 2000 year tradition of meditation and contemplation. I often meditate with the help of Bible passages and the mysteries of the Rosary--beautiful, very deep meditations. Contemplation is something different but related, and I do that in Holy H...
by friar1610
Tue Nov 14, 2017 10:27 am
Forum: Investing - Theory, News & General
Topic: What is all the recent talk about a bond bubble?
Replies: 22
Views: 2818

Re: What is all the recent talk about a bond bubble?

As of today the yield is 2.08%. What seems crazy is that I can earn more on a 5-year CD, with FDIC insurance no risk of loss of principal. It leaves me scratching my head a bit as to why I would want to buy a bond at all and not just buy CDs. Your state income tax (or lack of it) could be the tiebr...
by friar1610
Tue Nov 14, 2017 9:57 am
Forum: Investing - Theory, News & General
Topic: Buffett 90/10 Portfolio vs Target Retirement
Replies: 33
Views: 7223

Re: Buffett 90/10 Portfolio vs Target Retirement

I'm comfortable neither with 100% US equities nor with the 40% international in the TR and LS funds. So I keep international at 20%-25% of my equity which, in turn, is 40% of portfolio. Old retired guy in conservative stage of life but I think I would keep the same int allocation if I were still acc...
by friar1610
Mon Nov 13, 2017 10:00 pm
Forum: Investing - Theory, News & General
Topic: The Personal Black Swan
Replies: 46
Views: 6736

Re: The Personal Black Swan

From the look and time, I’d say it was the Russian Exchange....went to zero When I first looked at the picture I thought it looked like the old Stock Exchange in St. Petersburg, Russia. I've been to St. Petersburg twice. My hunch was reinforced by the fact that there was a large anchor in front and...
by friar1610
Sun Nov 12, 2017 4:09 pm
Forum: Investing - Theory, News & General
Topic: The average American retiree household
Replies: 57
Views: 12029

Re: The average American retiree household

The military and the federal civilian workforce plans have also become defined contribution rather than defined benefit oriented. Change has been slower in the public sector but it is happening. Fed civilians still have defined benefit (though newer employees pay in 3-4x what older employees are pa...