Search found 7463 matches

by tadamsmar
Sun Oct 29, 2017 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 392
Views: 58190

Re: Retirement Account Stolen by Identity theft

Financial institutions are 100% liable for unauthorized transactions. This is a dangerous myth. You can find plenty of information that debunks it, like for instance: You’d assume you wouldn’t suffer a loss if someone fraudulently withdrew money from any type of account, whether bank, brokerage, cr...
by tadamsmar
Sun Oct 29, 2017 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 392
Views: 58190

Re: Retirement Account Stolen by Identity theft

Looking at the timeline for the J.P.Morgan incident: https://web.archive.org/web/20070904124929/http://redtape.msnbc.com/2007/01/one_moment_dave.html Oct 3: the theft occurred Dec 1: J.P. Morgan indicated (in writing) that the investigation was closed. They offered no reimbursement. Two weeks later:...
by tadamsmar
Sun Oct 29, 2017 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 392
Views: 58190

Re: Retirement Account Stolen by Identity theft

retiredjg - just to clarify, I was asked by the police to follow-up with Regions Bank to ascertain the status of the account. Through snafus on their part, I just recently sent them the paperwork that they required to start an investigation from my end, though Transamerica says they have been in co...
by tadamsmar
Sun Oct 29, 2017 7:57 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 392
Views: 58190

Re: Retirement Account Stolen by Identity theft

Here's a similar story from 2007 that I recalled: https://www.elitetrader.com/et/threads/401-k-account-hacked-vaporized-in-an-instant-180-0000.84068/ The victim did not get reimbursed by J.P.Morgan until the victim contacted MSNBC. MSNBC contacted J.P.Morgan all of a sudden J.P.Morgan said they had...
by tadamsmar
Sun Oct 29, 2017 7:47 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 392
Views: 58190

Re: Retirement Account Stolen by Identity theft

Here's a similar story from 2007 that I recalled: https://www.elitetrader.com/et/threads/401-k-account-hacked-vaporized-in-an-instant-180-0000.84068/ The victim did not get reimbursed by J.P.Morgan until the victim contacted MSNBC. MSNBC contacted J.P.Morgan and all of a sudden J.P.Morgan said they ...
by tadamsmar
Sat Oct 28, 2017 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 392
Views: 58190

Re: Retirement Account Stolen by Identity theft

Earl Lemongrab wrote:
Sat Oct 28, 2017 4:48 pm
tadamsmar wrote:
Sat Oct 28, 2017 4:13 pm
Ameritrade spokeswoman Kim Hillyer said in an email that it's "a rare occurrence" that the company declines to reimburse a customer.
Give your lawyer Kim Hillyer's contact info:
Transamerica, not TD Ameritrade.
Opps!

Nevermind.
by tadamsmar
Sat Oct 28, 2017 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 392
Views: 58190

Re: Retirement Account Stolen by Identity theft

This thread started on Oct. 1st, and now it's Oct. 28th. I think it's safe to say that Transamerica is dragging their feet on this one. They should have been empathetic to you regarding how this would feel and how aggrieved you are. They should have said, no matter what, we will make you whole. I a...
by tadamsmar
Sat Oct 28, 2017 1:44 pm
Forum: Personal Consumer Issues
Topic: dishwasher recommendations
Replies: 54
Views: 3308

Re: dishwasher recommendations

When you are buying a new dishwasher, keep in mind that the newer models are more likely to have a filter that needs periodic cleaning. There is a trend toward quieter dishwashers, maybe because this is a more popular feature. Your old model is more likely to have a grinder than a new model. Or if t...
by tadamsmar
Sat Oct 28, 2017 11:34 am
Forum: Personal Consumer Issues
Topic: dishwasher recommendations
Replies: 54
Views: 3308

Re: dishwasher recommendations

Just a side note. I have notice that most people do not make optimal use of their dishwashers. 1. The don't read and follow the user manual. 2. They rinse, wipe, clean their dishes more than necessary before they put them in the dishwasher. 3. They use too much detergent if they have soft water. Thi...
by tadamsmar
Fri Oct 27, 2017 1:27 pm
Forum: Personal Consumer Issues
Topic: Help finding suitable neighborhoods around Raleigh/Durham/Chapel Hill
Replies: 16
Views: 1380

Re: Help finding suitable neighborhoods around Raleigh/Durham/Chapel Hill

Not on your list, but the public transportation in Carrboro and Chapel Hill is much better than Cary. I live in Cary and like it, BTW.

Cary vs Carrboro are very different cultures. A town of professionals vs more of a college town.
by tadamsmar
Sat Oct 21, 2017 11:23 am
Forum: Investing - Theory, News & General
Topic: Bill Sharpe's preferred portfolio
Replies: 84
Views: 16911

Re: Bill Sharpe's preferred portfolio

Sharp advocates an AA that has 2 parts. One part is a global cap-weighted stock-bond portfolio and the other part is TIPS. You increase your TIPS allocation to reduce risk. That is, more TIPS as you age. But the typical Boglehead approach is to increase bonds to reduce risk. That is, more bonds as y...
by tadamsmar
Sat Oct 21, 2017 7:44 am
Forum: Investing - Theory, News & General
Topic: Shiller: the 1987 stock market panic can happen again
Replies: 29
Views: 2954

Re: Shiller: the 1987 stock market panic can happen again

The markets now have a 20% circuit breaker that closes the market through the next day. So a panic of that magnitude would at least be halted for some time for reflection.

Would mutual fund owner's orders placed after the circuit broke not be fulfilled till the end of the next actual trading day?
by tadamsmar
Fri Oct 20, 2017 9:02 pm
Forum: Investing - Theory, News & General
Topic: Shiller: the 1987 stock market panic can happen again
Replies: 29
Views: 2954

Re: Schiller: the 1987 stock market panic can happen again

:shock: These two pre-crash markets look lot like the current market:

Image
by tadamsmar
Wed Oct 18, 2017 6:58 am
Forum: Investing - Theory, News & General
Topic: Alternatives to selling TSM from a taxable account
Replies: 5
Views: 730

Re: Alternatives to selling TSM from a taxable account

jdilla1107 wrote:
Tue Oct 17, 2017 7:58 pm
Direct all new funds plus all stock dividends to bonds. Around 2% of your stock portfolio can naturally shift to bonds per year through dividends alone.
We are retired. The dividends go for consumption. There is some income and that all goes into bonds in 401Ks.
by tadamsmar
Tue Oct 17, 2017 7:45 pm
Forum: Investing - Theory, News & General
Topic: Alternatives to selling TSM from a taxable account
Replies: 5
Views: 730

Alternatives to selling TSM from a taxable account

This is kind of a half theory half help with investments question. I am at a point where I have sold all my US equities that where held in tax-deferred accounts. If I wanted to reduce my risk from exposure to the TSM further, what are the alternative to selling from taxable accounts. I am at the poi...
by tadamsmar
Tue Oct 17, 2017 5:53 pm
Forum: Investing - Help with Personal Investments
Topic: Why would anyone buy long term bonds Now?
Replies: 33
Views: 3317

Re: Why would anyone buy long term bonds?

Almost all the threads on bonds in this Forum are hung up on bonds in isolation. As a result most of the discussion is beside the point. There are some reasonable exceptions, of course. Any idea if efficient horizon changes if holding LT Treasuries instead of TBM? I think it will change a bit. And ...
by tadamsmar
Tue Oct 17, 2017 4:24 pm
Forum: Investing - Help with Personal Investments
Topic: Why would anyone buy long term bonds Now?
Replies: 33
Views: 3317

Re: Why would anyone buy long term bonds?

Interesting...I was just arguing against LT Treasuries on another thread but decided to do a backtest. The good thing about them is that they are the least correlative asset to stocks. Some consider high return/low correlation to be the "holy grail" of investing. Backtesting stocks, total bond, and...
by tadamsmar
Tue Oct 17, 2017 4:14 pm
Forum: Investing - Theory, News & General
Topic: Vanguard expects "decent sized correction" soon, sometime, maybe later
Replies: 68
Views: 7689

Re: Vanguard expects "decent sized correction" soon, sometime, maybe later

I have some cash to invest. Should I wait for the correction to invest? Valuations matter, don't they? Will this correction raise inflation above the 2% that the Fed is hoping for so that they can raise interest rates? Will it cause unemployment to increase? How will the Fed respond to rising unemp...
by tadamsmar
Tue Oct 17, 2017 2:40 pm
Forum: Investing - Theory, News & General
Topic: Vanguard expects "decent sized correction" soon, sometime, maybe later
Replies: 68
Views: 7689

Re: Vanguard expects "decent sized correction" soon

I am not an expert, and I am skeptical of expert forecasts. I am applying my own logic as follows: - potential drivers for higher market values (e.g., tax cuts) are already priced in - failure to accomplish market-friendly initiatives would send the market down - geopolitical events in the U.S. or ...
by tadamsmar
Tue Oct 17, 2017 12:17 pm
Forum: Investing - Help with Personal Investments
Topic: Why would anyone buy long term bonds Now?
Replies: 33
Views: 3317

Re: Why would anyone buy long term bonds?

Here's an analysis that says that long term equity yield is -2.5%

https://www.gurufocus.com/shiller-PE.php

Could be the smart money is buying long term bonds!
by tadamsmar
Mon Oct 16, 2017 8:05 pm
Forum: Investing - Theory, News & General
Topic: The Stock Market Is "Fully Valued," Says Vanguard's Jack Bogle 10/7/17
Replies: 87
Views: 12933

Re: The Stock Market Is "Fully Valued," Says Vanguard's Jack Bogle 10/7/17

So what is it or isn't. Jack Bogle suggested to make moderate adjustments to your asset allocations. It's the same advice if it was or wasn't fully valued. For me, adjusting my asset allocation would involve adjusting my target for rebalancing. But Bogle is against rebalancing, so there is no targe...
by tadamsmar
Sun Oct 15, 2017 8:16 pm
Forum: Investing - Theory, News & General
Topic: The Stock Market Is "Fully Valued," Says Vanguard's Jack Bogle 10/7/17
Replies: 87
Views: 12933

Re: The Stock Market Is "Fully Valued," Says Vanguard's Jack Bogle 10/7/17

So what is it or isn't. Jack Bogle suggested to make moderate adjustments to your asset allocations. It's the same advice if it was or wasn't fully valued. For me, adjusting my asset allocation would involve adjusting my target for rebalancing. But Bogle is against rebalancing, so there is no targe...
by tadamsmar
Sat Oct 14, 2017 3:05 am
Forum: Investing - Theory, News & General
Topic: The Stock Market Is "Fully Valued," Says Vanguard's Jack Bogle 10/7/17
Replies: 87
Views: 12933

Re: Bogle thinks markets are fully valued

https://www.thestreet.com/amp/story/14333626/1/stock-market-is-fully-valued-says-vanguard-s-bogle.html "I believe strongly that [investors] should be realizing valuations are fairly full, and if they are nervous they could easily sell off a portion of their stocks.," said Bogle, adding that investo...
by tadamsmar
Fri Oct 13, 2017 11:03 am
Forum: Investing - Theory, News & General
Topic: The Stock Market Is "Fully Valued," Says Vanguard's Jack Bogle 10/7/17
Replies: 87
Views: 12933

Re: The Stock Market Is "Fully Valued," Says Vanguard's Jack Bogle 10/7/17

^ good point regarding rebalancing. But if that is what he meant he should have been more explicit. What we call "rebalancing" is based on time (for instance, once a year) or a percentage-of-equities trigger point. He seems to be using a PE trigger point and the process is vague. But the goal is th...
by tadamsmar
Thu Oct 12, 2017 9:24 pm
Forum: Investing - Theory, News & General
Topic: The Stock Market Is "Fully Valued," Says Vanguard's Jack Bogle 10/7/17
Replies: 87
Views: 12933

Re: Bogle thinks markets are fully valued

https://www.thestreet.com/amp/story/14333626/1/stock-market-is-fully-valued-says-vanguard-s-bogle.html "I believe strongly that [investors] should be realizing valuations are fairly full, and if they are nervous they could easily sell off a portion of their stocks.," said Bogle, adding that investo...
by tadamsmar
Mon Oct 09, 2017 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401k for Side Income - Checking My Thinking
Replies: 16
Views: 812

Re: Solo 401k for Side Income - Checking My Thinking

The bigger issue is that it is difficult to determine exactly what the net side income would be before the end of the year, so it's possible that trying to allocate 401(k)s this way might lead to missing the $18k maximum. You can contribute to the solo after the end of the year. Don't recall the ex...
by tadamsmar
Sun Oct 08, 2017 10:02 pm
Forum: Investing - Theory, News & General
Topic: The Stock Market Is "Fully Valued," Says Vanguard's Jack Bogle 10/7/17
Replies: 87
Views: 12933

Re: The Stock Market Is "Fully Valued," Says Vanguard's Jack Bogle 10/7/17

I target a 50% allocation to equities. Can someone advise me by how much I should reduce that in view of current conditions? What bond fund should I use for the shift, or maybe CDs? He says (in the audio) sell back to your allocation before the market increased drastically. But only if you are nerv...
by tadamsmar
Sun Oct 08, 2017 9:30 pm
Forum: Personal Consumer Issues
Topic: what if I forget my security questions?
Replies: 19
Views: 1538

Re: what if I forget my security questions?

I'm nervous about the equifax breach (and similar ones). I don't care so much about someone taking out a loan in my name. That would be a hassle, but I'd come out ok. What I really really care about is someone taking over my investment accounts by claiming to be me and knowing all my personal info....
by tadamsmar
Sat Oct 07, 2017 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 392
Views: 58190

Re: Retirement Account Stolen by Identity theft

Right, live up to your responsibilities. Among them, as documented on the page you linked to: "Never share your user name, password, or other account-related information with anyone." Don't share your passwords with anyone includes your spouse or children (if elderly); you can give them access righ...
by tadamsmar
Sat Oct 07, 2017 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 392
Views: 58190

Re: Identity theft

Maybe someone has pointed this out but on every account I have I immediately get a notification at my old email address that it has been changes along with a message to contact them if this is an unauthorized change. Does TransAmerica not do this? I believe Brak has said his father had no email add...
by tadamsmar
Sat Oct 07, 2017 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 392
Views: 58190

Re: Retirement Account Stolen by Identity theft

Thanks for posting this. I've increased the security on my accounts. I would get a lawyer involved in this situation. I think that a letter from your lawyer will put more pressure on Trans America. In the event that Trans America does not return your money, I would let them know that you plan to go...
by tadamsmar
Fri Oct 06, 2017 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 392
Views: 58190

Re: Retirement Account Stolen by Identity theft

Celia - the custodian did not realize the funds were stolen until we contacted them, which occurred after we received a transaction confirmation in the mail showing that the account had $52,000 withdrawn. We received the confirmation letter approximately twelve days after the withdrawal actually oc...
by tadamsmar
Fri Oct 06, 2017 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 392
Views: 58190

Re: Retirement Account Stolen by Identity theft

Clarification: the security questions were, date of birth, address, SS#, and mother's maiden name. When I called Trans America they said that there is now an option for a more personal security question, but my father's account did not have one. Perhaps your father has a good case for reimbursement...
by tadamsmar
Fri Oct 06, 2017 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 392
Views: 58190

Re: Retirement Account Stolen by Identity theft

I doubt that the victim even had any kind of logon credentials on his account,the "logon credentials" were added by the crooks. According his son's posts here, victim had security questions specified: So here is what I know so far. The custodian of my father's IRA states that in early September the...
by tadamsmar
Fri Oct 06, 2017 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 392
Views: 58190

Re: Retirement Account Stolen by Identity theft

This is very disturbing. I wonder how often something like this happens. Seems like a good reason to diversify custodians even though Vanguard's security seems solid. Brak, please keep us informed. Maybe, but it's important to know that all custodians are not equal. So you could diversify into a ri...
by tadamsmar
Thu Oct 05, 2017 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 392
Views: 58190

Re: Retirement Account Stolen by Identity theft

We are not responsible for damages or losses resulting from any breach of security caused by your failure to maintain the confidentiality of your Access Codes or any other security or authentication technique we utilize, unless otherwise required by law. https://www.transamerica.com/individual/term...
by tadamsmar
Thu Oct 05, 2017 4:00 pm
Forum: Investing - Help with Personal Investments
Topic: TSP to Vanguard?
Replies: 127
Views: 17049

Re: TSP to Vanguard?

This has nothing to do with federal laws. Vanguard is not required by law to reimburse if your PC or login credential are hacked or stolen and Vanguard was not at at fault. The private firms just provide a limited guarantee because their customers are not a captive audience, I guess. They could not...
by tadamsmar
Wed Oct 04, 2017 5:53 pm
Forum: Investing - Help with Personal Investments
Topic: TSP to Vanguard?
Replies: 127
Views: 17049

Re: TSP to Vanguard?

As someone who likes to keep my options open, I cannot imagine why you would close your TSP. It's not all or nothing - you don't have to keep all your money in the TSP. In spite of the various disadvantages of the TSP, there are many advantages including: ERISA plans could have better asset protect...
by tadamsmar
Wed Oct 04, 2017 5:50 am
Forum: Personal Finance (Not Investing)
Topic: Senior citizens can lose everything [to professional guardians via court rulings]
Replies: 111
Views: 10317

Re: Senior citizens can lose everything [to professional guardians via court rulings]

I sent this link to a friend who has a law degree and deals with some guardianship cases in Texas. I got back this response: I didn’t read thru the whole thing because after a few paragraphs I can tell the author was making things up. He or she claimed the elderlies didn’t know about this guardians...
by tadamsmar
Tue Oct 03, 2017 9:15 pm
Forum: Personal Consumer Issues
Topic: Visiting Paris - should we buy tickets in advance?
Replies: 37
Views: 1937

Re: Visiting Paris - should we buy tickets in advance?

As others have said, get museum passes: http://en.parismuseumpass.com/ I think we bought them online in advance. They allow you to bypass the ticket buying lines and use the group/pass holder entrance. Saves time. I found the Rick Steve's audio tours to be good: https://www.ricksteves.com/watch-read...
by tadamsmar
Tue Oct 03, 2017 10:23 am
Forum: Personal Consumer Issues
Topic: Book Recommendations: Nutrition / Psychology
Replies: 28
Views: 2498

Re: Book Recommendations: Nutrition / Psychology

The China study for nutrition. I think even T. Colin Campbell has given up trying to support it as legit science. Could you give a citation for that claim. I can't find one. A citation for a study that the writer of a book (it is not a study, Campbell's data or analysis was not peer-reviewed) has g...
by tadamsmar
Tue Oct 03, 2017 8:38 am
Forum: Investing - Help with Personal Investments
Topic: TSP to Vanguard?
Replies: 127
Views: 17049

Re: TSP to Vanguard?

js2721 wrote:
Tue Oct 03, 2017 6:05 am
Ybsybs wrote:
Fri May 13, 2016 5:55 pm
tompillion wrote:C - 34%
F - 38%
S - 24%
I - 4%
Is there a reason you've chosen not to use the G Fund?
G fund is of little value as a retirement resource imo.....I prefer the C & S & I since it's long term.
You prefer no bond allocation ever?
by tadamsmar
Tue Oct 03, 2017 8:33 am
Forum: Investing - Help with Personal Investments
Topic: TSP to Vanguard?
Replies: 127
Views: 17049

Re: TSP to Vanguard?

In my opinion, moving our investment portfolio to Vanguard was the best financial decision we ever made. Thank you Jack Bogle! Yea, but not from the TSP. Hi LAlearning, I am surprised that you would know where we transferred from. In any event it was a wise decision to move to Vanguard. He inferred...
by tadamsmar
Thu Sep 21, 2017 2:12 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin Return and Investing Ideas
Replies: 40
Views: 3770

Re: Bitcoin Return and Investing Ideas

You can earn interest on bitcoins. At least that is what google searches indicate.

So there is apparently a form of return that is not what we normally refer to as speculation.
by tadamsmar
Thu Sep 21, 2017 5:28 am
Forum: Investing - Theory, News & General
Topic: Bitcoin Return and Investing Ideas
Replies: 40
Views: 3770

Re: Bitcoin Return and Investing Ideas

Bitcoin returns are like capital gains, you are suppose to pay taxes on them. That would need to be factored into the analysis of returns as with normal investing. There's some uncertainty about the status of 1031 like-kind exchanges for bitcoins. 1031 holds for commodities. But not all US governmen...
by tadamsmar
Sat Sep 16, 2017 7:40 pm
Forum: Personal Consumer Issues
Topic: Account security - Hackers gain access to mobile and then break havoc
Replies: 157
Views: 13170

Re: Account security - Hackers gain access to mobile and then break havoc

and exactly who bears the responsibility (legally) for the fraudulent breach? Let's assume they can't breach your questions security codes with correct answers. I will try to answer a related question "Will I get reimbursed for a fraudulent breach where funds are stolen?" If it's a bank and or a cr...
by tadamsmar
Thu Sep 14, 2017 7:00 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin in 3-fund indexed portfolio?
Replies: 191
Views: 17298

Re: Bitcoin in 3-fund indexed portfolio?

Your 5% fun money becomes your 3% fun money.