Search found 4067 matches

by Wiggums
Wed Jul 28, 2021 6:55 pm
Forum: Personal Investments
Topic: Reply to Relationship Manager?
Replies: 18
Views: 1441

Re: Reply to Relationship Manager?

I have answered these calls occasionally and chatted with the person on the other end. They are just doing their job. A new person comes along every so often and they had better call everyone on the list because they can then report to their supervisor that they did call everyone on their list and ...
by Wiggums
Tue Jul 27, 2021 6:40 pm
Forum: Personal Investments
Topic: How to make up for a non COLA pension?
Replies: 24
Views: 2438

Re: How to make up for a non COLA pension?

My pension was non-cola as well. I took the lump sum, which was increased by about 11% for 2021 due to low interest rates. Check your lump sum and do some arithmetic to determine if taking lump sum is advantageous. Need to do an IRR calculation, assuming years of retirement. Sorry if I'm missing so...
by Wiggums
Tue Jul 27, 2021 1:08 pm
Forum: Personal Investments
Topic: Automatic recurring stock/ETF sell orders?
Replies: 11
Views: 615

Re: Automatic recurring stock/ETF sell orders?

You raise a question that I have thought about. For us, it means reducing the number of accounts and eliminating unwanted holdings. In your case, I don’t think you can automate the sale since the price is unknown and I don’t believe that you can sell at market price from the scheduler. Your wife cou...
by Wiggums
Tue Jul 27, 2021 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Really how many times your annual spending?
Replies: 87
Views: 8438

Re: Really how many times your annual spending?

I'll be a bit contrary here and say that 25x should work in most cases and that 33x is ultra conservative. Here's why: Mathematically 33x will last you 33 years if your invested portfolio just keeps pace with inflation. Historical long term inflation average is about 3.2% I'm pretty confident that ...
by Wiggums
Tue Jul 27, 2021 9:55 am
Forum: Personal Investments
Topic: What to do? BALFX
Replies: 13
Views: 1188

Re: What to do? BALFX

Thank you all for your feedback! The reason why I have actively managed mutual funds is because I didn’t know any better when I initially bought them.😬 Although I understand that higher expense fees impact the overall performance of a mutual fund, I’m still going to have to think some more about th...
by Wiggums
Tue Jul 27, 2021 7:56 am
Forum: Personal Investments
Topic: How to make up for a non COLA pension?
Replies: 24
Views: 2438

Re: How to make up for a non COLA pension?

I am planning to delay SS until age 70. But that only helps with the SS part. I need both my pension and SS to maintain my lifestyle. Cyclingduo- thanks for the links. Based on the first one, I would need 11.4 x my 80k pension for a 40 year retirement assuming 3.22% annual inflation. Since I'm not ...
by Wiggums
Mon Jul 26, 2021 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: Really how many times your annual spending?
Replies: 87
Views: 8438

Re: Really how many times your annual spending?

Living in the bit more affordable Midwest, how many times your annual spending do you realistically need to save to retire by 55? I've seen multipliers 25X or 33X. Is this still accurate? I'd say it's still accurate. If the Midwest is a "bit more affordable" then your total dollar amount ...
by Wiggums
Mon Jul 26, 2021 7:13 pm
Forum: Personal Investments
Topic: Take out a Mortgage to invest?
Replies: 27
Views: 2851

Re: Take out a Mortgage to invest?

Your idea makes sense as one way to take advantage of the low rates. Especially if your goal is to build a bigger nest egg. Our portfolio is about the same size and we are completely happy without rentals and mortgages. In fact, we purposely keep our finances simple for my DW. We accept the market r...
by Wiggums
Mon Jul 26, 2021 3:44 pm
Forum: Personal Investments
Topic: Schwab question - MF, same-day exchanges?
Replies: 27
Views: 1383

Re: Schwab question - MF, same-day exchanges?

A work around might be to add margin to your account so that you can submit the sell transaction, followed by a buy transaction without waiting for the funds to settle.
by Wiggums
Mon Jul 26, 2021 3:01 pm
Forum: Personal Investments
Topic: Sold all my stocks this morning
Replies: 23
Views: 2701

Re: Sold all my stocks this morning

I like my money to have the opportunity to make more money. I’m still in the game.
by Wiggums
Mon Jul 26, 2021 9:05 am
Forum: Personal Investments
Topic: Helping with Mom's 401k
Replies: 10
Views: 533

Re: Helping with Mom's 401k

How much does she have in there? That matters, in my opinion. If she's got $15k saved, that costs her $94 a year. Who cares? If she'll do the swap, then list all available funds by ER, lowest to highest. Choose whatever has the lowest ER, regardless of what it is. When someone has less than $100k, ...
by Wiggums
Mon Jul 26, 2021 7:20 am
Forum: Personal Investments
Topic: 35% cash, nearly 40
Replies: 19
Views: 2543

Re: 35% cash, nearly 40

The weekly $2k fund purchase is quite small. If you look at your 60/40 fund, you will find that the fund price does not swing all that much, so it’s better to get your money in the market faster. Time in the market is your friend.
by Wiggums
Sun Jul 25, 2021 8:37 pm
Forum: Personal Investments
Topic: Sitting on Cash
Replies: 23
Views: 4612

Re: Sitting on Cash

I-bonds ate paying 3.54% right now.

My 92 year old Mom has money in Wellesley to stay ahead of inflation.
by Wiggums
Sat Jul 24, 2021 7:26 pm
Forum: Personal Investments
Topic: VPAS Advisor
Replies: 27
Views: 1889

Re: VPAS Advisor

The advisor has one year of work experience or the advisor has more work experience, but been with VG for one year?
by Wiggums
Sat Jul 24, 2021 2:04 pm
Forum: Personal Investments
Topic: Accouting question in regards to MF purchase from funds in MMF
Replies: 21
Views: 1406

Re: Accouting question in regards to MF purchase from funds in MMF

Silk McCue wrote: Fri Jul 23, 2021 2:14 pm If at least a 5 business days hasn’t passed since you executed the transaction you might need to wait for this to settle out. I’ve seen some odd penny stuff similar to this in a transaction a month or two ago.

Cheers
I had a similar experience and it was resolved over time.
by Wiggums
Fri Jul 23, 2021 9:03 pm
Forum: Personal Investments
Topic: Are Bonds necessary if you have a pension and SS?
Replies: 28
Views: 3310

Re: Are Bonds necessary if you have a pension and SS?

If you have way more money than you will ever need maybe you don't need the bonds. However, most people need bonds in retirement to preserve the nest egg they have saved. I would not consider $1 million to be "way more money than I'll ever need". Of course there is a good possibility you ...
by Wiggums
Fri Jul 23, 2021 8:47 pm
Forum: Personal Investments
Topic: Sell Rentals?
Replies: 19
Views: 1923

Re: Sell Rentals?

One advange of selling now is that most housing markets are very strong and it likely will be easy to sell them quickly and at a good price. In a sellers market buyers may not be too picky about every little problem that comes up in a house inspection. If you keep them and then change your mind in ...
by Wiggums
Fri Jul 23, 2021 8:34 pm
Forum: Personal Investments
Topic: Are fiduciary's actually trustworthy?
Replies: 58
Views: 4598

Re: Are fiduciary's actually trustworthy?

Whole life insurance is not the best way to pass inheritance to your children. Depending on the size of your estate, you should consider a comprehensive estate plan before you make a decisions.

In my opinion, insurance and investment in one product is a horrible idea.
by Wiggums
Fri Jul 23, 2021 8:21 pm
Forum: Personal Investments
Topic: Kiddie tax/UTMA
Replies: 15
Views: 1265

Re: Kiddie tax/UTMA

Each child would be entitled to that tax break. (1st $1100 gain is tax-free and another $1100 is taxed at the child's rate)
by Wiggums
Fri Jul 23, 2021 12:28 pm
Forum: Personal Investments
Topic: How Do People Manage Tuition Funding?
Replies: 33
Views: 3556

Re: How Do People Manage Tuition Funding?

Money needed in the short term shouldn’t be in equities. That is sound advice. Volatility will continue as we navigate the pandemic and interest rate hikes. You MUST consider this. Now, let me whisper in your ear. Our children have their own brokerage accounts and the money stays invested (70/30) un...
by Wiggums
Fri Jul 23, 2021 10:46 am
Forum: Personal Investments
Topic: Changing IRA Beneficiaries to include Children
Replies: 3
Views: 356

Re: Changing IRA Beneficiaries to include Children

Have you consider making smaller gifts each year?
by Wiggums
Fri Jul 23, 2021 10:13 am
Forum: Personal Investments
Topic: Margin call?
Replies: 4
Views: 574

Re: Margin call?

Did the message actually say, “Margin Call”?
My guess is that the message is referring to the negative balance and depositing the money was the right thing to do. Otherwise, the broker will sell some stock to get their money.
by Wiggums
Fri Jul 23, 2021 10:04 am
Forum: Personal Investments
Topic: What should Asset Allocation be for this Retired Parent
Replies: 19
Views: 956

Re: What should Asset Allocation be for this Retired Parent

My mom, who has been retired for about 10yrs now, shared with me that she has a fair sum of money sitting in a savings account earning around .2%. I told her she can put it in a high yield savings account and get a better return. She then shared with me that with her pension and SS, she has never h...
by Wiggums
Thu Jul 22, 2021 12:44 pm
Forum: Personal Investments
Topic: Am I saving too much for retirement?
Replies: 28
Views: 4745

Re: Am I saving too much for retirement?

Is it possible to save too much for retirement? At first, I was just trying to stock away as much as I could afford into my retirement accounts. I'm mostly invested in VOO and VTSAX. However, a few years ago I started my own business and was able to invest more each year into retirement accounts th...
by Wiggums
Thu Jul 22, 2021 11:50 am
Forum: Investing - Theory, News & General
Topic: [Login problems at several financial sites]
Replies: 48
Views: 1675

Re: Fidelity Website Down For Many Customers

Fidelity is working. Vanguard is fine, too.

The outage has been partially resolved due to Akamai DNS problem.

Image

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by Wiggums
Thu Jul 22, 2021 8:31 am
Forum: Personal Investments
Topic: New to investing
Replies: 9
Views: 831

Re: New to investing

Welcome to the forum!
by Wiggums
Thu Jul 22, 2021 8:28 am
Forum: Investing - Theory, News & General
Topic: A time to EVALUATE your jitters
Replies: 454
Views: 450320

Re: A time to EVALUATE your jitters

squirm wrote: Mon Jul 19, 2021 2:35 pm There's really not much risk to the market. The fed put is very much still alive.
At some point the fed withdraws their support and raises interest rates. That will be the reason for some (not me) to sell.
by Wiggums
Thu Jul 22, 2021 8:12 am
Forum: Personal Finance (Not Investing)
Topic: House for my daughter
Replies: 31
Views: 4238

Re: House for my daughter

She’s in Portland OR. She’s currently renting a tiny house in burnside for $2600. She lives with her boyfriend. Until there’s a ring, she wants to own the house by herself. Her office is in Beaverton and he works for Intel in Hillsboro so it would make sense to live on the west side. But she has he...
by Wiggums
Thu Jul 22, 2021 8:05 am
Forum: Personal Investments
Topic: Move assets from one Vanguard account to another
Replies: 13
Views: 1005

Re: Move assets from one Vanguard account to another

I currently own a mix of index funds and stocks, all held within a single Vanguard brokerage account. I would like to move my stocks into a separate Vanguard brokerage account. I've opened the 2nd account but can't figure out how to move the stocks into it - I only see a way to move money. Could so...
by Wiggums
Wed Jul 21, 2021 6:42 pm
Forum: Personal Investments
Topic: Turning off Vanguard’s alerts?
Replies: 8
Views: 539

Re: Turning off Vanguard’s alerts?

I have never seen this message before. Are you on the mutual fund only platform?
by Wiggums
Wed Jul 21, 2021 5:42 pm
Forum: Personal Investments
Topic: Fidelity ZERO funds complicating transfer to another brokerage / mortgage deal
Replies: 49
Views: 3117

Re: Fidelity ZERO funds complicating transfer to another brokerage / mortgage deal

If you end up selling the lots with long term gains, don’t go back into the Fidelity Zero funds. Especially if you sell at a loss.
by Wiggums
Wed Jul 21, 2021 4:42 pm
Forum: Personal Investments
Topic: Withdraw Methodologies
Replies: 23
Views: 2112

Re: Withdraw Methodologies

We've run expenses, but we need to tighten it up...a lot. We're starting to track every penny next month. We won't turn off the faucet for at least 2 years, but probably right then. We have our SS strategy figured out via open social security. No pension, but we have an income producing property......
by Wiggums
Wed Jul 21, 2021 4:33 pm
Forum: Personal Investments
Topic: Can I buy DirectTreasury bonds or I-bonds in brokerages?
Replies: 16
Views: 1885

Re: Can I buy DirectTreasury bonds or I-bonds in brokerages?

anaparafunds wrote: Tue Jul 20, 2021 6:05 pm Can I buy DirectTreasury bonds or I-bonds in brokerages like Vanguard and Fidelity? :o
EE & I Bonds can only be bought at Treasury Direct or via Federal income tax refund.
by Wiggums
Wed Jul 21, 2021 4:21 pm
Forum: Personal Investments
Topic: Advice on Expanding Portfolio For Guy Who Used to Live in Car
Replies: 15
Views: 1817

Re: Advice on Expanding Portfolio For Guy Who Used to Live in Car

Your job is in tech. The last thing you need is more of your financials tied to tech. This is a key piece of advice. People think they can pick stocks related to their education and experience... because they know more. It does not always work out that way (as demonstrated above). It is a bit count...
by Wiggums
Wed Jul 21, 2021 2:59 pm
Forum: Personal Investments
Topic: Enough or too close?
Replies: 18
Views: 2699

Re: Enough or too close?

First of all, congratulations! I’d encourage you to understand your retirement expenses better. We have detailed records in Quicken, and I still increased our budget for unknowns. (Taxes, medicare, dental, vision, hearing). We have retiree medical and they continue to increase the cost and cut the c...
by Wiggums
Wed Jul 21, 2021 8:01 am
Forum: Personal Investments
Topic: Review my parents' humble retirement with me
Replies: 36
Views: 6812

Re: Review my parents' humble retirement with me

They've both been dedicated to generosity/serving/giving, and I think their low net worth is partly related to this. That's nice. Seems like now is the time to stop all that, so that they aren't forced to live on the generosity of others (you?) after retirement. If down the road they somehow have e...
by Wiggums
Tue Jul 20, 2021 5:10 pm
Forum: Personal Investments
Topic: sell Fidelity funds at your Vanguard Brokerage account
Replies: 11
Views: 713

Re: sell Fidelity funds at your Vanguard Brokerage account

Couldn't find any information on this situation: If I transfer a Fidelity brokerage acct to Vanguard, assume everything in kind, and decide to sell my Fidelity funds and buy Vanguard funds at the new Vanguard brokerage acct, do I have to pay their "Transaction-Fee fund" fees for the "...
by Wiggums
Tue Jul 20, 2021 2:36 pm
Forum: Personal Investments
Topic: Help please. Being forced to retire early..
Replies: 137
Views: 19041

Re: Help please. Being forced to retire early..

Since I retired, our company (40,000+ employees) has cut medical and insurance coverage. My DW struggled with the decision to retire, but there are variables that are unknown and can’t be known. weigh your chances of success in retirement and you give your notice when do don’t see a big red flashing...
by Wiggums
Tue Jul 20, 2021 1:09 pm
Forum: Personal Investments
Topic: Portfolio review
Replies: 14
Views: 1613

Re: Portfolio review

MFJ - you are in the 22% tax bracket. 529 -what’s not to like about tax free with VTSAX option? Just don’t overfund and it must be used for education, or passed down to another child. Otherwise you pay a 10% penalty plus fed and state taxes. Unless you wanted to use the money for things in addition ...
by Wiggums
Tue Jul 20, 2021 9:38 am
Forum: Personal Investments
Topic: Dry Powder…Am I thinking of this correctly?
Replies: 56
Views: 5689

Re: Dry Powder…Am I thinking of this correctly?

dbr wrote: Tue Jul 20, 2021 7:44 am Dry powder is a metaphor that does not apply to investing. If you are planning to cross the Delaware to attack the British and want to be sure your muskets still fire, then keep your powder dry.
+1
by Wiggums
Tue Jul 20, 2021 9:36 am
Forum: Personal Investments
Topic: Quick question (I'm overthinking it)
Replies: 7
Views: 760

Re: Quick question (I'm overthinking it)

Especially in taxable, I buy and hold. Yesterday, I bought more with new money. Holding both funds is fine.
by Wiggums
Tue Jul 20, 2021 7:52 am
Forum: Personal Investments
Topic: Should I use my 529
Replies: 14
Views: 842

Re: Should I use my 529

First time contemplating a withdrawal from 529 to pay for Fall tuition. Should I withdraw from 529 even if I can afford to pay from current cash flow and savings account balance? FWIW, AGI is too high for tax credits. Thanks. A 529 is for education. Other uses will incur a 10% penalty plus the fede...
by Wiggums
Mon Jul 19, 2021 8:30 pm
Forum: Personal Investments
Topic: [Buying S&P 500 Index Fund - Fidelity or Vanguard?]
Replies: 72
Views: 6815

Re: Index Fund

6d1v7x3 wrote: Mon Jul 19, 2021 7:32 pm
RedDog wrote: Mon Jul 19, 2021 6:55 pm ETFs or mutual funds? It might matter if you’re investing in a taxable account.
I know it will be a taxable account but I don't know anything about ETFs vs mutual funds.
I like mutual funds because I schedule my purchases and it’s easier for my DW.

ETFs are more portable between brokers.
by Wiggums
Mon Jul 19, 2021 8:18 pm
Forum: Personal Investments
Topic: [Buying S&P 500 Index Fund - Fidelity or Vanguard?]
Replies: 72
Views: 6815

Re: Index Fund

Hi there I have excess cash sitting around which I would like to put in an S&P 500 index fund. I absolutely will not need this money for 20 years. I'm having trouble deciding between Fidelity and Vanguard. I have no relationship with either but I know I want to go with one of them. If the amoun...
by Wiggums
Mon Jul 19, 2021 7:06 pm
Forum: Personal Investments
Topic: VTWAX vs VTSAX/VTIAX in Taxable.
Replies: 47
Views: 2952

Re: VTWAX vs VTSAX/VTIAX in Taxable.

There is something to be said simplicity. In my opinion, the difference is not significant in the scheme of things. The ER and tax difference is not enough to bother me. Taxes are important, but good enough is reasonable in my book too.
by Wiggums
Mon Jul 19, 2021 5:53 pm
Forum: Personal Investments
Topic: Saving for College: 14 Year Timeline: Bond Fund in 529 vs I Bonds
Replies: 29
Views: 3076

Re: Saving for College: 14 Year Timeline: Bond Fund in 529 vs I Bonds

The Vanguard/Nevada 529 plans for the grandchildren were following the age based allocation until the equity drop in 2020. At that time I changed to 100% Total Stock Market Index, and left it there. Their 529 plans won't be needed to do the heavy lifting as they all have prepaid tuition plans, plus...
by Wiggums
Mon Jul 19, 2021 11:38 am
Forum: Personal Investments
Topic: Recommendations for a 2nd tier emergency fund
Replies: 81
Views: 5848

Re: Recommendations for a 2nd tier emergency fund

I understand this can be considered mental accounting or bucketing. But I find it helpful. I would not need to rebalance or add to these funds and they are completely separate from my other funds so I know not to touch them. I'm not looking to argue the concept of tiered ER funds but to understand ...
by Wiggums
Sun Jul 18, 2021 9:54 am
Forum: Personal Investments
Topic: Process to Close Out Edward Jones Account after Owner Death
Replies: 10
Views: 952

Re: Process to Close Out Edward Jones Account after Owner Death

Good advice already given.

If the assets are not moved to cash, I think it’s important to make sure that the recipients are on board with that. People get funny when money is involved.

Sorry for your loss. It sounds like he lived a full life which is a great gift.
by Wiggums
Sun Jul 18, 2021 9:47 am
Forum: Personal Investments
Topic: Which bonds to hold & portfolio check age 37?
Replies: 32
Views: 2569

Re: Which bonds to hold & portfolio check age 37?

I have treasuries, munis for my state and BND. No corporate bonds. I just depends on the account. For long term investment, I don’t think you can go wrong with bond funds.
by Wiggums
Sun Jul 18, 2021 9:03 am
Forum: Personal Investments
Topic: How to sell a promissory note
Replies: 11
Views: 1032

Re: How to sell a promissory note

There are places like https://www.bostonnote.com/ that will buy the note. I have no idea when the optimum time to sell is. A low interest rate environment might be it.

I look forward to seeing the other responses.