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Re: advice for newbie...investment and savings..

I am looking for guidance so that I can learn more about investing and saving for the future. Here's a good place to start reading: http://www.bogleheads.org/wiki/Getting_started Follow the links and explore and study for a while, then follow the link that dbCooperAir gave you and tell us about you...
by 22twain
Thu Nov 20, 2014 10:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: advice for newbie...investment and savings..
Replies: 4
Views: 652

Re: Deciding When to Retire

Professor Emeritus wrote:It depends on the agreement you make and your field.


Also on whether you're at a research university or a garden-variety 4-year college or a community college. At the college where I work, emeritus status allows you to keep your college e-mail address, but that's about it.
by 22twain
Sun Nov 16, 2014 9:37 am
 
Forum: Personal Finance (Not Investing)
Topic: Deciding When to Retire
Replies: 47
Views: 4977

Re: Deciding When to Retire

flyingaway wrote:My understanding is that a person with "Professor Emeritus" title does not get paid.


You don't get paid for being an emeritus professor, but I know some who continue to teach part-time as adjuncts, for $2K-$3K per course.
by 22twain
Sun Nov 16, 2014 2:27 am
 
Forum: Personal Finance (Not Investing)
Topic: Deciding When to Retire
Replies: 47
Views: 4977

Re: Help! Need Liquid Cash!

lululu wrote:It is not the end of the world to carry a balance on a credit card for 2-3 months, as long as it does not become a habit.


Some cards (e.g. American Express) do require you to pay in full at the end of each month.
by 22twain
Fri Nov 14, 2014 9:30 am
 
Forum: Personal Finance (Not Investing)
Topic: Help! Need Liquid Cash!
Replies: 29
Views: 2456

Re: Why is this simple for everyone else, retiree Roth quest

It makes a difference whether you get the money to pay the taxes on the conversion from (a) the traditional IRA or (b) from an ordinary taxable account outside the IRA. It turns out that if the tax bracket stays the same at conversion time and at final withdrawal time, case (a) is a wash, whereas in...
by 22twain
Thu Nov 13, 2014 6:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why is this simple for everyone else, retiree Roth question?
Replies: 13
Views: 1455

Re: Retirement-Order of sale of investments

If you expect to be in a higher tax bracket after Social Security and RMDs kick in, it's probably advantageous to withdraw now from tax-deferred accounts (IRAs, 401ks, etc.) up to the lower tax bracket's boundary, so as to save on taxes overall. If you don't need to spend that much money, roll over ...
by 22twain
Thu Nov 13, 2014 10:16 am
 
Forum: Investing - Help with Personal Investments
Topic: Retirement-Order of sale of investments
Replies: 11
Views: 1544

Re: Tax assessment of housing relative to income

Excluding investment income as in your car thread... right now it's about 3x. For our last "normal" working year a few years ago, it would have been about 1x.
by 22twain
Wed Nov 12, 2014 10:37 am
 
Forum: Personal Consumer Issues
Topic: Tax assessment of housing relative to income
Replies: 7
Views: 324

Re: Your car(s) are equal to how many months income

Assuming by "income" you mean things like salary, Social Security and pension, but not investment income: A few years ago, before we started a transition to full retirement and were driving two 10+ year old cars, I would have answered 1 month. In the meantime, our salaries have dropped and...
by 22twain
Wed Nov 12, 2014 9:07 am
 
Forum: Personal Consumer Issues
Topic: Your car(s) are equal to how many months income
Replies: 93
Views: 6013

Re: What if your investable assets rise significantly?

Only $50-$75K? I'd be disappointed. :(
by 22twain
Tue Nov 11, 2014 3:04 pm
 
Forum: Personal Consumer Issues
Topic: What if your investable assets rise significantly?
Replies: 19
Views: 2052

Re: Help for my friend... Age 55.

What are good T. Rowe Price funds to look at? Besides the TRP target retirement funds which have expense ratios around 0.75% IIRC, there are index funds that are about half the cost that can be used to build a three-fund portfolio like the one often recommended here that uses Vanguard funds: POMIX ...
by 22twain
Mon Nov 10, 2014 4:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help for my friend... Age 55.
Replies: 3
Views: 649

Re: Does this situation warrant an immediate annuity?

nobsinvestor wrote:then at age 65, buy an immediate annuity. That, with her rental income and social security should be enough, her expenses are low. What do you guys think?


It's impossible to say how the numbers look, without knowing how much SS she's going to get, or her expenses.
by 22twain
Sun Nov 09, 2014 1:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Does this situation warrant an immediate annuity?
Replies: 27
Views: 2212

Re: New car - should I pay cash or use credit?

Leeraar wrote:It is incredibly easy for car dealers to mask a higher price with a lower interest rate.


Whenever I see a "0% interest rate", I think TANSTAAFL.
by 22twain
Sun Nov 09, 2014 1:25 am
 
Forum: Personal Finance (Not Investing)
Topic: New car - should I pay cash or use credit?
Replies: 32
Views: 3950

Re: good time for a russian vacation package?

I suspect people in the resort towns in Crimea would be very happy to see you, if you can get there. :D
by 22twain
Sun Nov 09, 2014 1:15 am
 
Forum: Personal Consumer Issues
Topic: good time for a russian vacation package?
Replies: 6
Views: 851

Re: Planning our retirement

Have either or both of you been paying into Social Security? If both of your incomes have been at or over the maximum subject to SS payroll tax (see table here ), and will continue to be, for a total of at least 35 years, you could be in line for combined benefits of $50-80K (in today's dollars) dep...
by 22twain
Wed Nov 05, 2014 2:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Planning our retirement
Replies: 3
Views: 432

Re: Track your car's fuel use (mileage)

How do you know your car odometer is accurate when you calculate your own mileage? Ever check that? With my Sonic's predecessor, I checked the odometer occasionally against the mile markers on Interstates on trips to the "big cities" about 50 miles away in various directions, or on cross-...
by 22twain
Mon Nov 03, 2014 10:37 am
 
Forum: Personal Consumer Issues
Topic: Track your car's fuel use (mileage)
Replies: 31
Views: 1954

Re: Track your car's fuel use (mileage)

I have found that the onboard computers are very optimistic. I think they are programmed by the marketing departments! The dashboard MPG indicator on my Chevy Sonic is consistently about 1 to 1.5 higher than what I calculate from my actual mileage and gas usage between fillups. Whenever I fill up, ...
by 22twain
Mon Nov 03, 2014 1:52 am
 
Forum: Personal Consumer Issues
Topic: Track your car's fuel use (mileage)
Replies: 31
Views: 1954

Re: Early SS or Higher IRA Withdrawal??

Ages % Withdrawal 57/58 4.3% 58/59 4.4% 59/60 4.6% 60/61 4.8% 61/62 5.0% 62/63 5.5% 63/64 5.9% 64/65 6.0% 65/66 6.2% What is your projected % withdrawal after this point, when you are both collecting SS?
by 22twain
Thu Oct 30, 2014 8:08 am
 
Forum: Personal Finance (Not Investing)
Topic: Early SS or Higher IRA Withdrawal??
Replies: 19
Views: 1586

Re: Retirement and my plan on where to put my money

The rule-of-thumb safe withdraw rate of 4% with a reasonable chance of not running out of money in your lifetime would only be $72,000 per year compared to $108,660 year guaranteed for life from the pension. However, note that the $72K is inflation-adjusted, whereas the pension is probably not. Wit...
by 22twain
Thu Oct 30, 2014 8:03 am
 
Forum: Investing - Help with Personal Investments
Topic: Retirement and my plan on where to put my money
Replies: 16
Views: 2161

Re: DVD-R, RW and VHS Player

Has your Cablevision service gone all-digital? I think I remember reading they did that in NYC a few years ago. In that case you'll still need to rent a CableCard from them in order to use a TiVo. The CableCard un-encrypts the channels that your subscription allows you to access, like a regular digi...
by 22twain
Mon Oct 27, 2014 11:18 pm
 
Forum: Personal Consumer Issues
Topic: DVD-R, RW and VHS Player
Replies: 13
Views: 1012

Re: DVD-R, RW and VHS Player

For what it's worth, I used three different Panasonic HDD + DVD-R recorders over the years. They're all discontinued now, but they were the same basic idea as the Wal-Mart / Magnavox units, and worked well. Now I use a TiVo. I don't pay a monthly subscription, instead I paid a one-time lifetime subs...
by 22twain
Mon Oct 27, 2014 3:23 pm
 
Forum: Personal Consumer Issues
Topic: DVD-R, RW and VHS Player
Replies: 13
Views: 1012

Re: DVD-R, RW and VHS Player

So you want to record TV broadcasts for later viewing, and possibly archiving permanently? This hard-disk (HDD) recorder is like a TiVo without the program guide (and the subscription fee that you have to pay for it), but with a built-in DVD recorder. You can simply watch a recorded program off the ...
by 22twain
Mon Oct 27, 2014 1:09 pm
 
Forum: Personal Consumer Issues
Topic: DVD-R, RW and VHS Player
Replies: 13
Views: 1012

Re: Estimated SS COLA for 2015

The Average Wage Index, the other inflation-related component of calculating SS benefits, for 2013 is $44,888.16, up about 1.3% from the previous value of $44,321.67. This affects projected benefits for people who have not yet reached age 62, the minimum age at which you can start to collect benefit...
by 22twain
Wed Oct 22, 2014 9:46 am
 
Forum: Investing - Theory, News & General
Topic: Estimated SS COLA for 2015
Replies: 17
Views: 1904

Re: Need to replace AM FM receiver to accomodate DVD player

For TV, do you use a cable or satellite box or TiVo, or do you connect an antenna directly to the TV? If you use some kind of box, you may want to consider getting a A/V receiver like WhyNotUs suggested. Then you can connect the box and the Blu-ray player to the receiver, connect the receiver's HDMI...
by 22twain
Tue Oct 21, 2014 3:16 pm
 
Forum: Personal Consumer Issues
Topic: Need to replace AM FM receiver to accomodate DVD player & TV
Replies: 3
Views: 307

Re: How do you wash your car?

We use an express car wash ($5) two or three times a year, most often in the spring during pine pollen season. We're in a small town far from major metro areas so the air is usually pretty clean otherwise.
by 22twain
Mon Oct 20, 2014 9:05 am
 
Forum: Personal Consumer Issues
Topic: How do you wash your car?
Replies: 143
Views: 7084

Re: [how should new investors select funds w/o] Past Perform

There's probably some resistance to the idea of limiting oneself to "just the average" performance of the total market. You might remind them that this limitation works in both directions: you'll never do better than average, but you'll also never do worse than average, either!
by 22twain
Sun Oct 19, 2014 12:25 pm
 
Forum: Investing - Theory, News & General
Topic: [how should new investors select funds w/o] Past Performance
Replies: 6
Views: 573

Re: Help Create a Portfolio Generating 2,500 a month on 600K

She was also left with two investment accounts Rollover IRA with 600k Individual Brokerage account with 600K I would like to use the IRA account to generate around 2500k a month of extra income for her through Dividends, Interest and other forms while maintaining as much capital preservation as pos...
by 22twain
Sun Oct 19, 2014 12:01 am
 
Forum: Investing - Help with Personal Investments
Topic: Help Create a Portfolio Generating 2,500 a month on 600K
Replies: 22
Views: 3870

Re: Capital Gains for 2014

Their AGI in less than $73,800. it is my understanding that they will not have to pay capital gains if their AGI is les than $73,800. You're thinking of the 0% rate for long-term capital gains (LTCG) for income in the 15% bracket or lower. Two problems with your understanding: First, the relevant f...
by 22twain
Sat Oct 18, 2014 1:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Capital Gains for 2014
Replies: 4
Views: 1162

Re: Can I reduce my *retirement* savings rate?

we can't access money in my 403b unless I quit Are you sure about that? I'm also in academia. My college's 403b plan with TIAA-CREF allows in-service withdrawals after age 59.5, of elective contributions (salary deferrals) and earnings arising from them. However, employer contributions and their ea...
by 22twain
Fri Oct 17, 2014 2:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can I reduce my *retirement* savings rate?
Replies: 35
Views: 3382

Re: What happened to the audiophile?

However, there's a ton of fantastically recorded jazz, classical, acoustic, and world music, including new recordings with boutique labels such as Blue Coast Records, 2L, MA Records, Soundkeeper, AIX, etc. In the classical world, many "independent" (non-major) labels have long been known ...
by 22twain
Thu Oct 16, 2014 4:11 pm
 
Forum: Personal Consumer Issues
Topic: What happened to the audiophile?[High quality music sources]
Replies: 71
Views: 3958

Re: What happened to the audiophile?[High quality music sour

Where do you go to download high quality music (not pirated, hopefully)? Or do you just buy CDs and burn FLAC files? That depends on what kind of music you listen to, I suppose. I'm a classical-music guy myself, with a decent two-channel audio setup, probably best classified as "entry-level au...
by 22twain
Thu Oct 16, 2014 2:12 pm
 
Forum: Personal Consumer Issues
Topic: What happened to the audiophile?[High quality music sources]
Replies: 71
Views: 3958

Re: -11.33% YTD, asking for some guidance

The part that I don't get is that I would be -7% (still better than -11%) if I picked "S&P 500 Index Separate account" correct ? How can an S&P index fund be down 7% YTD? :shock: On December 31 the S&P was at 1848.36. Yesterday it closed at 1862.49. That's still slighly positi...
by 22twain
Thu Oct 16, 2014 10:39 am
 
Forum: Investing - Help with Personal Investments
Topic: -11.33% YTD, asking for some guidance
Replies: 57
Views: 3435

Re: -11.33% YTD, asking for some guidance

The part that I don't get is that I would be -7% (still better than -11%) if I picked "S&P 500 Index Separate account" correct ? How can an S&P index fund be down 7% YTD? :shock: On December 31 the S&P was at 1848.36. Yesterday it closed at 1862.49. That's still slighly positi...
by 22twain
Thu Oct 16, 2014 6:13 am
 
Forum: Investing - Help with Personal Investments
Topic: -11.33% YTD, asking for some guidance
Replies: 57
Views: 3435

Re: ETF vs. Mutual Funds

JamesSFO wrote:if you have $100 to invest you can get 0.5 shares of VG Total Stock mutual fund or whatever, but with ITOT or VTI the money sits on the side until you have a full share.


VTI is at about $96 per share right now. :annoyed
by 22twain
Wed Oct 15, 2014 9:15 am
 
Forum: Investing - Help with Personal Investments
Topic: ETF vs. Mutual Funds
Replies: 17
Views: 1271

Re: Relatively new here. What did you do in 2008/09

I kept my main retirement account on autopilot, with the same monthly contributions, and no rebalancing. This post describes the outcome.
by 22twain
Tue Oct 14, 2014 8:54 am
 
Forum: Investing - Help with Personal Investments
Topic: Relatively new here. What did you do in 2008/09
Replies: 130
Views: 9967

Re: Relocating to a tax free state with good weather need ad

I suggest South Carolina. i don't know if tax free Sales tax is usually 5% state + 1% county. On groceries it's 3%. Income tax is based on federal taxable income. It tops out at a marginal rate of 7% for income above about $14K. However, Social Security benefits are not taxable, and there is a $15K...
by 22twain
Sun Oct 12, 2014 12:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Relocating to a tax free state with good weather need advice
Replies: 53
Views: 3663

Re: Losing money, please advise

Someone asked a very similar question a few days ago (Thursday). To save the people who answered the trouble of typing out their reponses all over again, here's a link:

Invested Windfall and Now Market Is Down
by 22twain
Sun Oct 12, 2014 10:51 am
 
Forum: Investing - Help with Personal Investments
Topic: Losing money, please advise
Replies: 36
Views: 5083

Re: Relocating to a tax free state with good weather need ad

There's a huge population mass only a couple of hours flying time north of Florida, most of whom have large numbers of family, friends and neighbors who have made the Florida migration before them. The eastern flyway. Just follow the geese and other migrating birds. :) Eastern flyway to the east co...
by 22twain
Sun Oct 12, 2014 1:40 am
 
Forum: Personal Finance (Not Investing)
Topic: Relocating to a tax free state with good weather need advice
Replies: 53
Views: 3663

Re: Draw down taxable saving first?

Then which one to withdraw first depends a lot on your top tax brackets for the feds, whether you will have a state income tax on withdrawals and how much you have in retirement accounts that will have RMDs (Required Minimum WIthdrawals) after age 70½. More explicitly, if you will be in a higher ta...
by 22twain
Fri Oct 10, 2014 9:08 am
 
Forum: Investing - Theory, News & General
Topic: Draw down taxable saving first?
Replies: 43
Views: 3707

Re: Is this smart?

skeptic88 wrote:still confused


Can you say what you're confused about, and why? It's hard for people to answer otherwise.
by 22twain
Wed Oct 08, 2014 11:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is this smart?
Replies: 19
Views: 1444

Re: Things that you will not spend money on and most people

JDDS wrote:Most cable TV channels.


For us, make that any cable TV channels. The channels we get with the antenna on our roof are enough for us.
by 22twain
Wed Oct 08, 2014 2:43 pm
 
Forum: Personal Consumer Issues
Topic: Things that you will not spend money on and most people do?
Replies: 78
Views: 4176

Re: A good day to be in heavy in Bonds --- 10-7-2014....

Looks like we're going to end up right back where we were at the end of the day on Monday. :beer
by 22twain
Wed Oct 08, 2014 2:26 pm
 
Forum: Investing - Theory, News & General
Topic: A good day to be in heavy in Bonds --- 10-7-2014....
Replies: 28
Views: 3420

Re: Road trip to Chicago with kids- what to do/recommendatio

Some of the hotels near O'Hare offer a shuttle to/from the Blue Line stations at Cumberland and/or Rosemont. However, depending upon your schedule you might be better off parking at the Cumberland or Rosemont station so you're not waiting for the shuttle at the end of the day. The last time I was i...
by 22twain
Tue Oct 07, 2014 10:55 pm
 
Forum: Personal Consumer Issues
Topic: Road trip to Chicago with kids- what to do/recommendations?
Replies: 44
Views: 3144

Re: How much is your fixed income investment earning?

cheese_breath wrote:3% on TIAA Traditional.


I've been contributing to my TIAA Traditional account since 1984, so I have some older vintages. I'm averaging a tad over 4%.
by 22twain
Tue Oct 07, 2014 9:47 pm
 
Forum: Investing - Theory, News & General
Topic: How much is your fixed income investment earning?
Replies: 31
Views: 2821

Re: today's WSJ page 1...interesting

technovelist wrote:
baw703916 wrote:If everyone who subscribes to the WSJ uses that method, will they all outperform the market?


Of course. That's why they read the WSJ! :mrgreen:


WSJ = Wobegon Street Journal? 8-)
by 22twain
Tue Oct 07, 2014 2:10 pm
 
Forum: Investing - Theory, News & General
Topic: today's WSJ page 1...interesting
Replies: 22
Views: 3301

Re: Road trip to Chicago with kids- what to do/recommendatio

I second/third/whatever the Museum of Science and Industry, the Field Museum and Shedd Aquarium. Also the Sears, oops Willis Tower. Depending on where you're from, the 'L' (elevated railroad) may itself be an attraction, particularly the famous Loop through downtown Chicago. Unfortunately, no normal...
by 22twain
Sat Oct 04, 2014 11:48 pm
 
Forum: Personal Consumer Issues
Topic: Road trip to Chicago with kids- what to do/recommendations?
Replies: 44
Views: 3144

Re: ETF question

so if i add up the expenses on those 7 ETFs will it still be more cost effective than just buying the asset allocation ETF? Suppose you have $100,000 in the asset allocation ETF, with ER 0.3%. Then your expenses are $300 per year. Now, hypothetically, you sell it and buy the following ETFs (only 4,...
by 22twain
Fri Oct 03, 2014 11:12 pm
 
Forum: Investing - Theory, News & General
Topic: ETF question
Replies: 11
Views: 755

Re: OTA HDTV - Best antenna to use?

Rather odd. The Leaf is suppose to support both VHF and UHF but it cannot pickup ANY VHF at all Any antenna (even a straightened paper clip) can receive VHF if the signal is strong enough. However, if the wavelength of the signal is much larger than the size of the antenna, the antenna's sensitivit...
by 22twain
Fri Oct 03, 2014 8:36 am
 
Forum: Personal Consumer Issues
Topic: OTA HDTV - Best antenna to use?
Replies: 54
Views: 6801

Re: The Roosevelts, PBS special

Maybe it was the black and white photography and video but both TR and FDR looked much older than they actually were whenever they showed them. I think the B&W film of that era recorded colors in a way that caused flesh tones to look unnatural, and commercial movie productions had to use makeup...
by 22twain
Tue Sep 30, 2014 9:55 am
 
Forum: Personal Consumer Issues
Topic: The Roosevelts, PBS special
Replies: 104
Views: 8690

Re: How to get rid of fractional shares

Contact your broker if these are ETF fractional shares. I think Vanguard BS wants you to sell all shares and then it will toss on the fractional shares, too. For instance, if you sell 607 shares VCSH in a holding of 607.349 shares, place an order to sell 607 shares and all 607.349 will be sold. I t...
by 22twain
Mon Sep 29, 2014 5:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to get rid of fractional shares
Replies: 4
Views: 545
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