Search found 2077 matches

by Chip
Wed Jun 20, 2018 5:09 am
Forum: Investing - Help with Personal Investments
Topic: 9 Mutual Funds Asset Allocation Help
Replies: 23
Views: 1364

Re: 9 Mutual Funds Asset Allocation Help

I agree with the recommendation for a 3 fund portfolio. Though many here recommend exposure to small stocks and value stocks, that is a decision you should come to on your own after MUCH research. Note that the Victory Sycamore Established Value Fund has an ER of .90%. The mantra here is to keep cos...
by Chip
Mon Jun 18, 2018 7:19 am
Forum: Investing - Help with Personal Investments
Topic: Creative Planning vs Vanguard PAS
Replies: 94
Views: 6063

Re: Creative Planning vs Vanguard PAS

I decided to use this site to compare my Creative Planning portfolio to the Bogle 4 Fund portfolio. Summary Creative Planning portfolio with 0.85% fee is WAS about equal to Bogle 4 Fund Creative Planning portfolio without fee is WAS a clear winner This suggests using the Creative Planning portfolio...
by Chip
Sat Jun 16, 2018 5:48 am
Forum: Investing - Theory, News & General
Topic: Should your employment/income source determine your investment choices?
Replies: 15
Views: 1234

Re: Should your employment/income source determine your investment choices?

I guess what's being proposed is an extension of Milevsky's approach of defining a career as a stock or a bond. I haven't read his book on the subject to know whether he goes into figuring out what kind of stock a career could be. It's an interesting idea, but personally it's hard enough to figure o...
by Chip
Sat Jun 16, 2018 5:18 am
Forum: Investing - Help with Personal Investments
Topic: Roth conversion advice - charitable beneficiaries
Replies: 6
Views: 535

Re: Roth conversion advice - charitable beneficiaries

It's a fairly complex issue as you note. In addition to the charitable beneficiary tax rate when you're both gone, you also have to consider that if one of you goes the survivor has the same amount of RMDs but is faced with single filer tax rates. Further complicating the issue, if your long term ca...
by Chip
Fri Jun 15, 2018 11:32 am
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 12248

Re: MD&P just purchased X / sold Y [md&pharmacist]

Thanks for the info!

There is some sort of minor error on DXQLX. I have a closing price yesterday of 26.98. 7,205.005 shares * 26.98 = 194,391, vs. the 194,301 shown in your list. Can you clarify?
by Chip
Fri Jun 15, 2018 11:13 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review: IPS course-correction for small/value tilt
Replies: 9
Views: 634

Re: Portfolio Review: IPS course-correction for small/value tilt

If I add extended market to approximate total market, then that component would overlap with the SCV in my roth, whilst including small-growth, which would be worse for my value factor loads, right? I was approaching this from the "usual" way of thinking about tilted portfolios: start with a TSM fu...
by Chip
Fri Jun 15, 2018 5:55 am
Forum: Personal Consumer Issues
Topic: Bumper Repair
Replies: 9
Views: 577

Re: Bumper Repair

Thanks for that info. I had a similar bash on our old Camry and just pushed it out from the inside with a piece of wood. While the result was acceptable it would have been much better if I had used the heat gun.

Nicely done. :beer
by Chip
Fri Jun 15, 2018 5:36 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review: IPS course-correction for small/value tilt
Replies: 9
Views: 634

Re: Portfolio Review: IPS course-correction for small/value tilt

First, WOW do you ever have a good 401k. I think the approach seems pretty darn good, though I would suggest a couple of minor tweaks. Using the SP500 fund in your 401k makes sense because of the low expense ratio, but it's a tilt towards large. So either compensate by adding the extended market fun...
by Chip
Thu Jun 14, 2018 2:09 pm
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 12248

Re: MD&P just purchased X / sold Y [md&pharmacist]

There is nothing to 'get'. You keep making outrageous claims yet are unwilling to provide the data to back up those claims. It's clear that you probably don't even know how to calculate your actual returns to this point. If you want to learn something - together - there are plenty of exceptionally ...
by Chip
Thu Jun 14, 2018 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Preferred Services?
Replies: 19
Views: 1813

Re: Fidelity Preferred Services?

Do you hold any Fidelity fund? The page that I saw says $1M total and $250k with Fidelity. I do, a small holding in FSTVX (Fidelity Total Market Index Fund Premium Class). To clarify, all of the Vanguard ETFs that I own are held at Fidelity and therefore count towards Private Client status. So Priv...
by Chip
Thu Jun 14, 2018 8:17 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Preferred Services?
Replies: 19
Views: 1813

Re: Fidelity Preferred Services?

I too just call the Private Client dedicated number when I have a question. Always get someone on the phone right away. After they answer my question they sometimes remind me that I have a dedicated advisor that I can talk to if I wish. Interesting. I can't recall ever being reminded by a rep that ...
by Chip
Thu Jun 14, 2018 8:04 am
Forum: Personal Consumer Issues
Topic: Should I fix the car or get rid of it?
Replies: 20
Views: 1720

Re: Should I fix the car or get rid of it?

I was able to locate a former Subaru Master Technician that still does work on the side. He agreed to charge $750 if I purchase the parts, which cost around $600. I’ll update after the work is completed. This is good news. My only advice is don't buy cheap parts. There are lots of junky auto parts ...
by Chip
Mon Jun 11, 2018 1:37 pm
Forum: Investing - Help with Personal Investments
Topic: converting some traditional IRA to Roth
Replies: 45
Views: 2466

Re: converting some traditional IRA to Roth

Not tax free I couldn't have. [Edit: to clarify, the cash was either going to pay these taxes or it was going to sit there as cash. So my calculation was correct. But if I do decide to put the cash into a 457b instead, then you're right that of course this changes the math.] To make my point simple...
by Chip
Mon Jun 11, 2018 10:14 am
Forum: Personal Consumer Issues
Topic: Can we discuss whisk?
Replies: 29
Views: 3019

Re: Can we discuss whisk?

lthenderson wrote:
Mon Jun 11, 2018 9:30 am
In your case of the whisk, the current winner is the OXO Goodgrips Whisk.
My Rosle was a previous ATK winner. At 3x the price. :oops:
by Chip
Mon Jun 11, 2018 9:47 am
Forum: Investing - Help with Personal Investments
Topic: Creative Planning vs Vanguard PAS
Replies: 94
Views: 6063

Re: Creative Planning vs Vanguard PAS

I had started this post with the hope of gaining knowledge and whenever possible sharing it. Sad to say many posters want to analyze me or my motives. On the other hand, some posters have contributed valuable insights which have been helpful. I'd like to thank them. Here is a good discussion with s...
by Chip
Mon Jun 11, 2018 8:27 am
Forum: Investing - Help with Personal Investments
Topic: Creative Planning vs Vanguard PAS
Replies: 94
Views: 6063

Re: Creative Planning vs Vanguard PAS

I must say I'm having much trouble understanding where you are coming from. You say you are very concerned with tax efficient asset location. In just the time you have spent on this thread you could have learned absolutely everything you need to know about that subject and would be able to execute a...
by Chip
Sun Jun 10, 2018 2:36 pm
Forum: Personal Consumer Issues
Topic: Can we discuss whisk?
Replies: 29
Views: 3019

Re: Can we discuss whisks?

I have this Rosle balloon whisk and recommend it. It is amazingly more effective than the old one it replaced. Pricey, but worth it to me. I also have a couple of flat whisks. They're very effective at getting in the corners of saucepans when there isn't a lot of liquid volume. One is like this Rosl...
by Chip
Sat Jun 09, 2018 6:00 am
Forum: Investing - Help with Personal Investments
Topic: Request model portfolio and IPS development help
Replies: 14
Views: 1037

Re: Request model portfolio and IPS development help

You asked in one of your posts what "other community members thought". My opinion is that retiredjg is giving you fabulous advice. I suspect many others are like me and aren't joining in the thread because she is covering everything that needs to be covered. One of the biggest reasons for you to hav...
by Chip
Sat Jun 09, 2018 4:43 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio review & questions
Replies: 20
Views: 1813

Re: Portfolio review & questions

ExitStageLeft wrote:
Wed Jun 06, 2018 1:03 pm
If the $100k is gross income, you are definitely in the 22% bracket for 2018. Give the H&R Block tax estimator a spin:
[...]
= $59k Taxable Income
Didn't you mean 12% bracket since the OP is married filing jointly?
by Chip
Fri Jun 08, 2018 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: SS Benefits and Medicare Part B Premiums Question
Replies: 9
Views: 1115

Re: SS Benefits and Medicare Part B Premiums Question

Good points, Chip. Didn't think about the 4QTR Invoice for Part B Premiums, but that will certainly happen. Fortunately, I should see my deposit on the 3rd Wednesday of the month so I will have time to see if the Part B Premium was deducted. Here's an update on the transition process from paying Me...
by Chip
Fri Jun 08, 2018 1:08 pm
Forum: Investing - Help with Personal Investments
Topic: Advice on Portfolio
Replies: 5
Views: 487

Re: Advice on Portfolio

If the foreign taxes paid by the fund are $600 or less (for married filing jointly), Form 1116 is not required in order to claim the foreign tax credit.
by Chip
Mon Jun 04, 2018 3:28 pm
Forum: Investing - Theory, News & General
Topic: Thinking of a divorce - from Vanguard
Replies: 41
Views: 5518

Re: Thinking of a divorce - from Vanguard

If I'm not mistaken you can convert Admiral shares to the equivalent ETFs (if they exist - not all funds have an ETF share class), then transfer the ETFs to another brokerage. The conversion is not a taxable event. I think the expense ratios on most of the ETFs are equal to Admiral expense ratios.
by Chip
Mon Jun 04, 2018 8:12 am
Forum: Investing - Theory, News & General
Topic: The Power of Working Longer
Replies: 185
Views: 18686

Re: NYT Story on Importance of Working Just a Little Longer

Let’s rephrase: A. If you can work longer it will almost always lead to a better financial outcome for you. B. Choosing to retire earlier than you need to will almost never lead to a better financial outcome. Gee, you're never going to get a job writing for the NYT if you say something in 2 sentenc...
by Chip
Mon Jun 04, 2018 6:41 am
Forum: Investing - Help with Personal Investments
Topic: Left Betterment, Need help simplifying portfolio in Vanguard
Replies: 10
Views: 1747

Re: Left Betterment, Need help simplifying portfolio in Vanguard

Hi, and welcome! Before doing anything you should understand what taxes you will pay on selling the different assets. To figure that out we need to know your cost basis for each ETF and when you bought it. If you added to that account at any time you may have multiple "tax lots" of the same ETF. We ...
by Chip
Fri Jun 01, 2018 11:41 am
Forum: Personal Finance (Not Investing)
Topic: 501c3 Basics - Maximizing charitable contributions
Replies: 5
Views: 248

Re: 5013c Basics - Maximizing charitable contributions

Have you considered a donor advised fund (DAF) and decided it wouldn't meet your needs?

I know essentially nothing about family foundations but I suspect there are significant and ongoing costs to maintain them.
by Chip
Thu May 31, 2018 6:47 am
Forum: Personal Consumer Issues
Topic: Need some advice in regards to A/C System
Replies: 29
Views: 1670

Re: Need some advice in regards to A/C System

I agree with the others; you are being taken for a ride. Do NOT deal with this contractor. He has NO idea when your system will fail. He has NO idea when your contactor will fail. By the way, it's a $20 part. Why does the "dual voltage system" need replacing if the system is working? My experience i...
by Chip
Mon May 28, 2018 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding IRS hassle: Form 4868 and miscategorized EFTPS payment
Replies: 8
Views: 865

Re: Avoiding IRS hassle: Form 4868 and miscategorized EFTPS payment

I'm not sure if a payment scheduled by a dead person is going to happen. Both legally and as a practical matter it may no longer be authorized. In any case she still has to worry that there is money in the account at the time the transfer is scheduled. Maybe you have already taken care of that, but...
by Chip
Mon May 28, 2018 1:25 pm
Forum: Personal Consumer Issues
Topic: Quality decline in off-brand alkaline batteries?
Replies: 36
Views: 4281

Re: Quality decline in off-brand alkaline batteries?

Yes, I've noticed more problems with leakage. It's mostly in things like remotes for gear I rarely use... things I'd forgotten had batteries in them... so I'd sort of written it off to too-long storage. But my recollection was that in The Good Old Days, alkaline batteries didn't leak until they wer...
by Chip
Mon May 28, 2018 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding IRS hassle: Form 4868 and miscategorized EFTPS payment
Replies: 8
Views: 865

Re: Avoiding IRS hassle: Form 4868 and miscategorized EFTPS payment

Somewhat off topic but relevant. Why use EFTPS? I pay my taxes with my BofA Premium rewards credit card. 1. I won't ever do business with BofA in any way, shape or form. They refused to honor a POA that had been approved in writing by a bank they later acquired and were complete [expetive deleted]s...
by Chip
Mon May 28, 2018 12:24 pm
Forum: Personal Consumer Issues
Topic: Considering iPad to replace failing Nexus tablet
Replies: 44
Views: 2628

Re: Considering iPad to replace failing Nexus tablet

Have you considered a Surface Pro? That's where we ended up after an iPad2 and then a Samsung tablet. While they both did several things quite well there was always some sort of major flaw that kept us from doing exactly what we wanted to do on the tablets. Or required more money than we wanted to s...
by Chip
Mon May 28, 2018 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Avoiding IRS hassle: Form 4868 and miscategorized EFTPS payment
Replies: 8
Views: 865

Re: Avoiding IRS hassle: Form 4868 and miscategorized EFTPS payment

Update: It appears the above strategy worked as expected. I e-filed my return on 5/19. My refund in the expected amount was direct deposited on 5/25. Five business days! So I doubt if there is going to be any sort of problem that will require contact with the IRS. My experience with Tax-Aide is that...
by Chip
Mon May 28, 2018 8:12 am
Forum: Personal Finance (Not Investing)
Topic: Lump sum versus annuity - could use your insight.
Replies: 18
Views: 2274

Re: Lump sum versus annuity - could use your insight.

Would your company allow for a split between the annuity and the lump sum? The reason I ask is that the annuity looks attractive, as other posters have pointed out, but taking the full amount will eliminate your ability to get that ACA subsidy under current law. The subsidy could easily be worth 20k...
by Chip
Tue May 22, 2018 4:13 am
Forum: Personal Finance (Not Investing)
Topic: Are high dividend stocks advantageous for the 15% tax rate?
Replies: 46
Views: 4120

Re: Are high dividend stocks advantageous for the 15% tax rate?

[...] I'm actually surprised there is some positive feedback on my idea that is not in line with the common wisdom. Thanks to everyone and any more opinions would be welcome. In my opinion , what you're seeing is a few very vocal supporters of high dividend strategies. I suspect (but cannot prove) ...
by Chip
Sun May 20, 2018 11:22 am
Forum: Personal Finance (Not Investing)
Topic: SS Benefits and Medicare Part B Premiums Question
Replies: 9
Views: 1115

Re: SS Benefits and Medicare Part B Premiums Question

So I can either: 1) Pay the complete Invoice (July-September) and wait for SS to provide me a credit for the month of September (this may take up to 4-5 months to resolve) or 2) Pay just for July and August and add a note indicating that I start my SS Benefits in August, thus the September Part B P...
by Chip
Sun May 20, 2018 11:05 am
Forum: Investing - Help with Personal Investments
Topic: Retiring soon - some questions
Replies: 27
Views: 3369

Re: Retiring soon - some questions

Thanks once again to all. I really do need to look closer at the whole Roth conversion value vs ACA subsidy. As some have suggested, I may be able to do some conversion and still get the subsidy. Very possible I may only use COBRA until the end of this year as it might turn out that the ACA subsidy...
by Chip
Sun May 20, 2018 6:38 am
Forum: Personal Finance (Not Investing)
Topic: SS Benefits and Medicare Part B Premiums Question
Replies: 9
Views: 1115

Re: SS Benefits and Medicare Part B Premiums Question

Prior thread addressing the timing issue here . The post from Alan S. indicates that the Part B that is deducted is for the current month. i.e. your September Part B premium is the one that will be deducted from your September benefit payment. There was another thread that discussed the transition f...
by Chip
Sun May 20, 2018 5:13 am
Forum: Personal Finance (Not Investing)
Topic: PSA: Schwab International ETFs: 1099-DIV revisions coming [Updated]
Replies: 19
Views: 2334

Re: PSA: Schwab International ETFs: 1099-DIV revisions coming

In summary, I find it very hard to believe that my foreign tax paid / dividends paid is coincidentally exactly the ROC/share. It seems to have absolutely nothing to do with the number of shares I own. Either I do not understand the 1/23/2108 letter, or perhaps the name and units of the quantity "$0...
by Chip
Thu May 17, 2018 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: When to claim Social Security: two reasons not to wait
Replies: 68
Views: 12050

Re: When to claim Social Security: two reasons not to wait

If survivor benefits are taken before the survivor's FRA the amount is also reduced. A minor addition/clarification: FRA for survivors is based on a slightly different age table than for retirees. For example, FRA for regular benefit purposes is 66 yrs 4 months for someone born in 1956. For survivo...
by Chip
Tue May 08, 2018 4:24 am
Forum: Investing - Help with Personal Investments
Topic: Nationwide Indexed Annuity
Replies: 7
Views: 655

Re: Nationwide Indexed Annuity

My guess the salesman also failed to tell you that you are paying about a 2% per year "fee" in the lost returns because returns are based on the price of the index and you lose the dividends. Oops. They must have forgot that little detail. I think it's even worse than that. According to the illustr...
by Chip
Mon May 07, 2018 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: DAF with <$5k minimum contribution?
Replies: 17
Views: 1210

Re: DAF with <$5k minimum contribution?

It's been several years, but Fidelity waived the 5k minimum when I established mine. You can ask; all they can do is say no.
by Chip
Fri May 04, 2018 8:47 am
Forum: Investing - Help with Personal Investments
Topic: Too much cash - what to do?
Replies: 16
Views: 2574

Re: Too much cash - what to do?

It may not matter to this discussion, but I don't see how your state tax rate is 10% when the maximum rate in Georgia is 6%. Are you sure your Federal marginal rate is 33%? The reason I ask is that there is no 33% bracket in 2018. The 24% bracket goes up to 157.5k of taxable income. After that there...
by Chip
Wed May 02, 2018 2:06 pm
Forum: Investing - Help with Personal Investments
Topic: Does anyone use Fidelity's FZCXX as a savings account?
Replies: 5
Views: 592

Re: Does anyone use Fidelity's FZCXX as a savings account?

I am using FZDXX. Similar/same minimums. It's not a government fund so there is more risk. Yield is 1.80% right now.
by Chip
Wed May 02, 2018 5:35 am
Forum: Investing - Help with Personal Investments
Topic: Why was my CD purchase order got cancelled?
Replies: 6
Views: 1035

Re: Why was my CD purchase order got cancelled?

This may sound like an absolutely crazy, far-out suggestion, but you could call Fidelity and ask them. :D
by Chip
Wed May 02, 2018 5:05 am
Forum: Investing - Help with Personal Investments
Topic: Advice for problem firm holding my inherited funds
Replies: 21
Views: 1497

Re: Advice for problem firm holding my inherited funds

What I have done before is to fill out a paper form with entries similar to:

Net worth: > 50,000
Income: > 20,000

It wasn't a lie, but did not provide any useful information either.
by Chip
Mon Apr 30, 2018 1:02 pm
Forum: Personal Consumer Issues
Topic: Avocado Timing
Replies: 40
Views: 3111

Re: Avocado Timing

If I buy them while still hard, do they ripen slowly (or more slowly) in the fridge? I was very tempted to say "Don't time the market". I almost resisted the temptation. :D Yes, they will keep longer in the fridge and ripen more slowly than they would on the counter. But it's a fact of life that so...
by Chip
Mon Apr 30, 2018 12:44 pm
Forum: Investing - Help with Personal Investments
Topic: New to board with Brighthouse Annuity question?
Replies: 42
Views: 3095

Re: New to board with Brighthouse Annuity question?

I am understanding you correctly that we can do better by the 2.4% you came up with, and simplifying our portfolio? Vs staying in it for another 3.5 yrs? It's important to understand that what I calculated was an expected value , not any sort of guarantee. And it was based on a set of data that I h...
by Chip
Mon Apr 30, 2018 8:23 am
Forum: Investing - Help with Personal Investments
Topic: New to board with Brighthouse Annuity question?
Replies: 42
Views: 3095

Re: New to board with Brighthouse Annuity question?

What really surprised me in the prospectus was the horrible surrender penalty sequence (still 5% at 5 years!). That encourages people to stay in it for the full 6 years which then drives the actuarial likelihood of exceeding the cap. Indeed. The way this annuity was set up is fairly interesting fro...
by Chip
Mon Apr 30, 2018 5:20 am
Forum: Investing - Help with Personal Investments
Topic: New Poster Asking for Portfolio Review
Replies: 6
Views: 842

Re: New Poster Asking for Portfolio Review

Hi, and welcome! I acually think waiting until the market crashes (not just a correction) would be a good time to self-evaluate and move to 90/10. If you are able to handle the emotions associated with the crash and still sell your nice, safe bonds and buy those crashing equities, more power to you....
by Chip
Sat Apr 28, 2018 5:16 am
Forum: Investing - Help with Personal Investments
Topic: New to board with Brighthouse Annuity question?
Replies: 42
Views: 3095

Re: New to board with Brighthouse Annuity question?

I don't know if this will help in the decision making, but I ran some stats on a file I have of end-of-week S&P 500 index values that I have going back to the end of 2003. There isn't any reason for choosing that date or weekly values other than that's what I have that is easily available. Based on ...
by Chip
Sat Apr 28, 2018 3:51 am
Forum: Investing - Help with Personal Investments
Topic: New to board with Brighthouse Annuity question?
Replies: 42
Views: 3095

Re: New to board with Brighthouse Annuity question?

Thanks again, so if we pay the 8% fee to surrender, we stand to earn 6% back just from Divs, costing us 2% in reality....... if the SP 500 doesnt Avg more than 12.5% annually we make the same on returns in either product... That's my understanding, with one big caveat. I'm not able to tell for sure...