I would not recommend Zelle as an alternative to other payments. Banks do not stand behind you when fraud occurs. https://www.warren.senate.gov/imo/media/doc/ZELLE%20REPORT%20OCTOBER%202022.pdf
Very timely. I don’t have any taxable losers to sell, but I will start my Roth conversions for the year on Monday. My mutual funds will have repriced with Friday’s carnage. I spoke with my tax advisor on Friday as I am in the final steps of completing my 2024 return. Since our yet to be discussed 2025 plan would include Roth conversions, no reason not to start doing them now. Will have opportunity to do more as the year plays out. A different plan than I used for March 2020, but I am in a different situation. I sold my losers in 2020, took the tax loss and reinvested. Went from 60% equity to 100% equity in IRA accounts. In 2H 24, went to 90% equity 10% TIPS in IRA.
My mother-in-law has been in a CCRC for a year. She is 95 and was placed in independent living by her son with the idea that she could move to assisted living if she felt she needed it. Her various infirmities have now caused her to want to move to assisted but she has been waiting on an opening since October. Is this usual?
I have used a Dimensional focused advisor for about 15 years. I approached them because I liked the Dimensional concept (Merton, French and the group are pretty smart). I negotiated a hybrid fee arrangement with the firm. I pay them an AUM fee on the initial Dimensional funds I purchased and the growth of those specific funds. He helped me manage the other non Dimensional assets within this fee. Over the years this has worked well. With the advent of Dimensional ETF’s, you don’t need to go with a specific advisor to gain their advantages.
I have not read that specific article, but it tells a similar story. I also received an email from Fidelity today with a general explanation of the changes. Thanks.
Comments
Beware of bifocals. https://www.health.harvard.edu/newsletter_article/studies-find-ways-to-reduce-falls-in-older-multifocal-lens-wearers
Post: Three Points to Avoid Injuries
Link to comment from April 27, 2025
I would not recommend Zelle as an alternative to other payments. Banks do not stand behind you when fraud occurs. https://www.warren.senate.gov/imo/media/doc/ZELLE%20REPORT%20OCTOBER%202022.pdf
Post: It’s 2025. Do you send checks by mail?
Link to comment from April 27, 2025
Very timely. I don’t have any taxable losers to sell, but I will start my Roth conversions for the year on Monday. My mutual funds will have repriced with Friday’s carnage. I spoke with my tax advisor on Friday as I am in the final steps of completing my 2024 return. Since our yet to be discussed 2025 plan would include Roth conversions, no reason not to start doing them now. Will have opportunity to do more as the year plays out. A different plan than I used for March 2020, but I am in a different situation. I sold my losers in 2020, took the tax loss and reinvested. Went from 60% equity to 100% equity in IRA accounts. In 2H 24, went to 90% equity 10% TIPS in IRA.
Post: Making Lemonade by Jonathan Clements
Link to comment from April 6, 2025
Fidelity does not use Zelle. Good for them. Too much risk for consumers.
Post: Breaking Up Is Hard To Do
Link to comment from March 7, 2025
The concept of sunk cost may be applicable in this case. https://www.behavioraleconomics.com/resources/mini-encyclopedia-of-be/sunk-cost-fallacy/
Post: Replacing the Replacement
Link to comment from March 6, 2025
It is non profit and good size. Don’t know what ABCD mean.
Post: CCRC – continuing care retirement community
Link to comment from February 23, 2025
My mother-in-law has been in a CCRC for a year. She is 95 and was placed in independent living by her son with the idea that she could move to assisted living if she felt she needed it. Her various infirmities have now caused her to want to move to assisted but she has been waiting on an opening since October. Is this usual?
Post: CCRC – continuing care retirement community
Link to comment from February 22, 2025
I have used a Dimensional focused advisor for about 15 years. I approached them because I liked the Dimensional concept (Merton, French and the group are pretty smart). I negotiated a hybrid fee arrangement with the firm. I pay them an AUM fee on the initial Dimensional funds I purchased and the growth of those specific funds. He helped me manage the other non Dimensional assets within this fee. Over the years this has worked well. With the advent of Dimensional ETF’s, you don’t need to go with a specific advisor to gain their advantages.
Post: Investing in Dimensional Funds
Link to comment from February 16, 2025
https://www.aarp.org/aarp-foundation/get-involved/tax-aide/ Link to Volunteer
Post: Free Tax Returns – That time of year.
Link to comment from February 5, 2025
I have not read that specific article, but it tells a similar story. I also received an email from Fidelity today with a general explanation of the changes. Thanks.
Post: Fidelity Brokerage Cash Interest Rate Changes
Link to comment from January 10, 2025