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Re: The Worst Investment You Can Make: Buying a Home

after buy, improving, selling 5 houses over 45 yrs, 1.3M retirement home paid with cash. All 5 with a significant profit and the last one sold in Fla in 2007 :sharebeer
All my brothers and sisters 5-10 yrs younger than me, have never seen a profit. :oops:
jerry
by 2beachcombers
Wed Aug 20, 2014 2:44 pm
 
Forum: Investing - Theory, News & General
Topic: The Worst Investment You Can Make: Buying a Home
Replies: 125
Views: 14337

Re: Capital gains on sale of parents' residence

Both parents have a 250K cap gain exclusion on the house--I have done this twice

jerry
by 2beachcombers
Wed Aug 20, 2014 2:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Capital gains on sale of parents' residence
Replies: 3
Views: 370

Re: POLL: Age for Collecting Social Security Benefits

70--8mo. to go. When I originally started looking at the options, I decided on 70 as the best guaranteed income for spouse.(the 8% + inflation)=better than any annunity We we lucky in that we had other income in the mean time AND We did not want additional income for tax and medicare bumps. Latter w...
by 2beachcombers
Wed Aug 20, 2014 2:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: Age for Collecting Social Security Benefits
Replies: 103
Views: 7308

Re: POLL: Breaking up with advisor

Left advisor after 3 yrs of missing their own benchmark :oops: i spent these 3 yrs bogleheading and reading many books. Evaluated 3 other firms--found out I had to educate them on SS options, tax advantage placement, Deferred comp, Roth/IRA conversions, and one wanted 2x what i was paying for the on...
by 2beachcombers
Mon Aug 18, 2014 8:30 am
 
Forum: Investing - Help with Personal Investments
Topic: POLL: Breaking up with advisor
Replies: 39
Views: 2092

Re: SS question

Mike--thanks

jerry
by 2beachcombers
Sun Aug 17, 2014 9:49 am
 
Forum: Personal Finance (Not Investing)
Topic: SS question
Replies: 14
Views: 1363

Re: SS question

So just to make sure I understand this right.... ... I took my SS at age 62. ... My wife isn't eligible for SS on her own. She took spousal benefit based on my earnings at age 62. ... We are both past FRA now. So if I die she can stop the spousal benefit and begin receiving what I currently receive...
by 2beachcombers
Sun Aug 17, 2014 9:21 am
 
Forum: Personal Finance (Not Investing)
Topic: SS question
Replies: 14
Views: 1363

Re: SS question

So just to make sure I understand this right.... ... I took my SS at age 62. ... My wife isn't eligible for SS on her own. She took spousal benefit based on my earnings at age 62. ... We are both past FRA now. So if I die she can stop the spousal benefit and begin receiving what I currently receive...
by 2beachcombers
Sun Aug 17, 2014 9:06 am
 
Forum: Personal Finance (Not Investing)
Topic: SS question
Replies: 14
Views: 1363

Re: What was Underestimated\Overestimated in Retirement

Vacation cost about 3X what was planned. Playing, entertaining about 10X more. Medical cost more( = 0 when I was employed)

Paying smaller taxes and not saving 35% of income allows above to work.

Net/Net spending about the same as when working


jerry
by 2beachcombers
Sun Aug 17, 2014 8:56 am
 
Forum: Personal Finance (Not Investing)
Topic: What was Underestimated\Overestimated in Retirement
Replies: 48
Views: 4655

Re: Social Security - Receive Any Letters Approaching Age 70

Mike, I called SS yesterday and was surprised at the following: I turn 70 next year in Aug and was planning on not requesting payment till Dec in order to defer income to the following year(marginal tax threshold issues). The SS lady said yes, you would be paid retro, but you would get a 1099 for t...
by 2beachcombers
Wed Jul 30, 2014 1:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security - Receive Any Letters Approaching Age 70?
Replies: 22
Views: 2085

Re: Social Security - Receive Any Letters Approaching Age 70

1. Do any instructions or reminder letters arrive approaching Age 70? Well, you do get your Social Security statement. According to the current policy, you would get a paper statement every year from age 60 onward (unless you've signed up for the online account version of the statement). As you've ...
by 2beachcombers
Wed Jul 30, 2014 9:35 am
 
Forum: Personal Finance (Not Investing)
Topic: Social Security - Receive Any Letters Approaching Age 70?
Replies: 22
Views: 2085

Re: Do Bogleheads Feel Wealthier?

Spending more as I have become unconcerned about my investments. Happy with my Ida(Bernstein's IDA) portfolio. And if $$ go down, the kids will get less :twisted:
jerry :sharebeer
by 2beachcombers
Tue Jul 29, 2014 9:07 am
 
Forum: Personal Finance (Not Investing)
Topic: Do Bogleheads Feel Wealthier?
Replies: 57
Views: 4658

Re: Changed asset allocation from 60/40 to 50/50 today

I think the move from 60/40 to 50/50 is a bad idea. Think of yourself as having two portfolios, one for your retirement and one for your kids. Say that you think of 75% of your current assets as being in your retirement portfolio and 25% in a portfolio for your kids. This leaves you with a retireme...
by 2beachcombers
Wed Jun 11, 2014 3:19 pm
 
Forum: Investing - Theory, News & General
Topic: Changed asset allocation from 60/40 to 50/50 today
Replies: 56
Views: 5376

Re: Poll on Retiree's Health Insurance Plan

medicare + company suppliment
by 2beachcombers
Wed Jun 11, 2014 1:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Poll on Retiree's Health Insurance Plan
Replies: 21
Views: 1389

Re: Young boglehead: Materials science, chemE, or mechE for

I'd go with chemical engineering. It's so broad that you could end up in materials, energy, pharmaceuticals, or a number of other fields. Do you have the required "engineering" background to compete an engineering grad program? As others have mentioned, there is sometimes a large gap betw...
by 2beachcombers
Mon Jun 09, 2014 9:42 am
 
Forum: Personal Finance (Not Investing)
Topic: Young boglehead: Materials science, chemE, or mechE for grad
Replies: 28
Views: 1950

Re: Portfolio rejigger? VSS, VBR, muni location?

Although Bernstein(Maiifesto pg 165) recommends LCV international in Tax deferred, I am also looking at IDV(98% QD) to put into my taxable account. I only need to keep dividends in control to maintain MAGI less than the 170K to control Medicare costs for part B premium. Your thoughts? This suggests...
by 2beachcombers
Sun Jun 01, 2014 12:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio rejigger? VSS, VBR, muni location?
Replies: 33
Views: 2384

Re: Portfolio rejigger? VSS, VBR, muni location?

Vss,Vwo, Fsivx all are below the 15% LTCG tax rate due to the FTC. So this translates to me that all 3 of these foreign vehicles are good in the taxable account ? This is right, except for the "LTCG" in the tax rate. The tax rate on the dividends for those funds is less than the 15% quali...
by 2beachcombers
Sun Jun 01, 2014 8:31 am
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio rejigger? VSS, VBR, muni location?
Replies: 33
Views: 2384

Re: Portfolio rejigger? VSS, VBR, muni location?

The tax rates above are 15% for QD and 25% for NQD. I then subtracted the Foreign Tax refund to drive it below the 15%.
Did I goof ? :confused
by 2beachcombers
Sat May 31, 2014 12:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio rejigger? VSS, VBR, muni location?
Replies: 33
Views: 2384

Re: Portfolio rejigger? VSS, VBR, muni location?

I know that I would benefit from a step by step procedure for doing this analysis, and it appears that others would as well. Here are the facts that I gather to help make a decision with info based on share price on the last day of previous year: 1. Ticker symbol 2. Share price on 12/31 3. Dividend...
by 2beachcombers
Sat May 31, 2014 11:52 am
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio rejigger? VSS, VBR, muni location?
Replies: 33
Views: 2384

Re: Int'l travel & Fidelity card experiences?

Use the fido debit card--fees are waved. There are fees on both the Visa and AMex credit cards
by 2beachcombers
Sat May 31, 2014 9:41 am
 
Forum: Personal Finance (Not Investing)
Topic: Int'l travel & Fidelity card experiences?
Replies: 20
Views: 2002

Re: POLL: If Eligible For Social Security .....

I'm eligible in 3 months but "plan" to file at 70 and take spousal at 66. My wife will retire and take hers at 62 next year. I'd be interested to hear from those on this thread who are already taking their benefit to see if they would have done it differently in hindsight. Cheese Breath a...
by 2beachcombers
Mon Apr 21, 2014 2:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: If Eligible For Social Security .....
Replies: 71
Views: 4623

Re: Blog:William Bernstein’s Coward’s Portfolio

Ida and I have been very happy campers--will stick to Manifesto.

And I thought I was not a coward--------- 69 and 70% equities

jerry
by 2beachcombers
Mon Apr 21, 2014 2:22 pm
 
Forum: Investing - Theory, News & General
Topic: Blog:William Bernstein’s Coward’s Portfolio
Replies: 35
Views: 7143

Re: Laid off today... TODO list?

Laid off once. 2 months later had job at 2.5X salary :sharebeer

jerry
by 2beachcombers
Tue Apr 15, 2014 2:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Laid off today... TODO list?
Replies: 97
Views: 12211

Re: deferred comp plans

7 yrs before I retired I put 50% in a DC plan. Payout 15 yrs--retired at 55. +15 yrs = RMD payouts

Tax rate working 40% now in retirement 25%

Allowed me to delay SS to 70 and convert several 100k IRAs to Roths pre SS. Have also been able to control Marginal tax rate with this plan.

jerry
by 2beachcombers
Tue Apr 15, 2014 1:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: deferred comp plans
Replies: 20
Views: 1834

Re: Anyone use Fidelity as their bank account?

sunspotzsz wrote:Fidelity offers best banking service.

no minimal balance, 2% credit card, no atm fee anywhere in the world, free in&out ach....



+1 and have be with fido for 30 yrs
by 2beachcombers
Tue Apr 15, 2014 1:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anyone use Fidelity as their bank account?
Replies: 27
Views: 2083

Re: First post - retirement questions

Examine all the SS options--your husband can also draw spousal based on your record when he is 66. Also, depending on the difference in the two values of SS between you two, it may also be better if you want to start at 62. our case wife started at 62, I started on her spousal at 66(waiting for 70),...
by 2beachcombers
Wed Apr 09, 2014 10:11 am
 
Forum: Investing - Help with Personal Investments
Topic: First post - retirement questions
Replies: 6
Views: 1237

Re: Anyone been to Budapest?

Go to an opera--you will be pleased at the attendance of the youth couples and their dress and behavior. Reminded me of the US 50 yrs ago. On the river's east seawall there is a monument of the shoes left behind--know the story Find a restaurant with cabaret entertainment The subway is clean and exc...
by 2beachcombers
Sun Apr 06, 2014 10:52 am
 
Forum: Personal Consumer Issues
Topic: Anyone been to Budapest?
Replies: 31
Views: 4778

Re: Social Security question

Thanks for the reply. I would collect $2400/m now if I apply. My wife would collect $1086/m (FRA $1410), which would be reduced because of her current salary. All the current advise is for her to collect (62yr) and me to file a restricted application and wait till 70 to collect. I wish there was a ...
by 2beachcombers
Thu Mar 13, 2014 11:30 am
 
Forum: Personal Finance (Not Investing)
Topic: Social Security question
Replies: 8
Views: 995

Re: Meeting with Fidelity [Financial Advisor]

TT=turboTax They have Estate Planners that will give you a very detailed analysis of your $$ jerry Thanks. Need for ask about free Turbo Tax. I just paid around $70 for TT at CostCo. They never offered. Perhaps you are on the high end of PC and I'm on the low end. I was once told you get free ticke...
by 2beachcombers
Fri Mar 07, 2014 4:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Meeting with Fidelity [Financial Advisor]
Replies: 42
Views: 5464

Re: Meeting with Fidelity [Financial Advisor]

Stuck with FIDO due to excellent web site and 24/7 customer service, bill pay, AMEX 2% auto return, their Retirement Planner, private conference calls with experts, Roth conversion advice, free TT desktop, Estate Planning--every 3 yrs(free) and ability to manage 4 other family accounts from my desk...
by 2beachcombers
Fri Mar 07, 2014 10:06 am
 
Forum: Personal Finance (Not Investing)
Topic: Meeting with Fidelity [Financial Advisor]
Replies: 42
Views: 5464

Re: LifeLock

I purchased it after a break-in. I like the 1M$ insurance for 100$/yr and if fraud it will be covered by Lifelock

jerry
by 2beachcombers
Thu Mar 06, 2014 4:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: LifeLock
Replies: 6
Views: 679

Re: Meeting with Fidelity [Financial Advisor]

This thread contains some misinformation. I've been a Fidelity customer since 1994. I'm not retired, but I do know a few things about Fidelity. Trading Platforms: There really are only three available at Fidelity: 1) Their basic browser-based web interface; 2) Active-Trader Pro (only available to t...
by 2beachcombers
Thu Mar 06, 2014 4:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Meeting with Fidelity [Financial Advisor]
Replies: 42
Views: 5464

Re: How Many Funds Do You Have in Taxable?

fstvx, spartan total mkt(er-6bp)
fusvx, spartan S&P(er-5bp)
fsivx, spartan international(er-12bp)
fpmax, spartan emerging(er-20bp)

Reits, bonds,( value, small--US and int each) in deferred

jerry
by 2beachcombers
Wed Mar 05, 2014 5:32 pm
 
Forum: Investing - Theory, News & General
Topic: How Many Funds Do You Have in Taxable?
Replies: 97
Views: 5478

Re: What's your usual retirement day like ?

My wife asked me this morning what I was going to today. I said "nothing." She said, "isn't that what you did yesterday?" "Sure", I responded, "but I didn't get it all done." One shouldn't feel guilty about doing nothing as long it involves people, nature, he...
by 2beachcombers
Mon Feb 24, 2014 5:43 pm
 
Forum: Personal Consumer Issues
Topic: What's your usual retirement day like ?
Replies: 184
Views: 35614

Re: 2013 TurboTax: Which Product? New Rules?

Mr. Meighan, I wanted to let you (and by proxy Intuit/TurboTax) know that I have switched from TurboTax to TaxAct this year. I did so for two reasons: 1) I do not need any help in entering stock sales so having to purchase the Premiere version for this seems absurd. 2) After realizing that I didn't...
by 2beachcombers
Thu Feb 20, 2014 9:50 am
 
Forum: Personal Finance (Not Investing)
Topic: 2013 TurboTax: Which Product? New Rules?
Replies: 302
Views: 32339

Re: Help with asset allocation and new to taxable investing

I've had most of my money sitting in a lazy portfolio for the last couple years which has been fine, but my retirement savings has gone up significantly and I'm about to invest in a taxable account for the first time so have been working on a new asset allocation. Here's my info: Emergency Fund: Ye...
by 2beachcombers
Tue Feb 18, 2014 10:58 am
 
Forum: Investing - Help with Personal Investments
Topic: Help with asset allocation and new to taxable investing
Replies: 6
Views: 860

Re: About to Retire

converting to Roths also reduce your RMDs--so many runs are necessary with different conversion amounts. http://www.bogleheads.org/wiki/Roth_IRA_conversion --study this--the WIKI is full of GOLD. One year I made 3 conversions of equal amounts in different investments--recharacterized the two with th...
by 2beachcombers
Mon Feb 17, 2014 1:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: About to Retire
Replies: 13
Views: 1784

Re: About to Retire

You can have both a roth IRA and a traditional IRA. Many people work on converting money from the traditional to the roth in the lower income years before RMDs kick in. People try to fully utilize the 0 and 15% tax brackets for conversations. That helps minimize your RMDs. If you expect to be above...
by 2beachcombers
Mon Feb 17, 2014 12:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: About to Retire
Replies: 13
Views: 1784

Re: Turbo Tax/Tax Act - Basic version

Forgive me for asking this naive question. This is the first time I am doing my own taxes using Turbo Tax or Tax Act (can't decide which one I should go with). I only have W2, 1099-INT and 1099-DIV to be taken care of. tIRA and standard deductions, no mortgage, kids etc. Do I really need anything o...
by 2beachcombers
Thu Feb 06, 2014 11:52 am
 
Forum: Personal Finance (Not Investing)
Topic: Turbo Tax/Tax Act - Basic version
Replies: 21
Views: 1509

Re: Bonds - Throw it all on the table!!!

Bogleheads there have been many excellent threads over the last couple of weeks related to bonds. I started a couple with polls and the results were excellent. Often a poll is limited, needs more options, etc. I would like to try an open ended thread on your personal bond strategy. 1) List the bond...
by 2beachcombers
Mon Feb 03, 2014 7:59 pm
 
Forum: Investing - Theory, News & General
Topic: Bonds - Throw it all on the table!!!
Replies: 135
Views: 14967

Re: Prenuptial Agreement

My uncle is getting married and is bringing in substantially more assets than his fiancé. Is a prenuptial agreement a good idea? Yes. A difference in pre-marriage assets is the best reason for a pre-nup. It's basically an insurance policy, you hope it will never be necessary but if it is you'll be ...
by 2beachcombers
Mon Feb 03, 2014 7:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Prenuptial Agreement
Replies: 34
Views: 3758

Re: 2013 TurboTax: Which Product? New Rules?

Kevin... Thanks for your thorough and thoughtful response. My response was removed by the admin because it was not in response to a factual error. Nevertheless, your response is much better than mine. My effort to provide meaningful responses to questions posted here is quite frustrating. Bob Meigh...
by 2beachcombers
Wed Jan 29, 2014 11:59 am
 
Forum: Personal Finance (Not Investing)
Topic: 2013 TurboTax: Which Product? New Rules?
Replies: 302
Views: 32339

Re: Optimal location for investments - 401k/Roth/taxable?

I'm probably missing something basic, but why would you want your most tax-inefficient funds in 401ks etc vs Roth IRA and similar (steps 1 and 2, respectively)? Aren't those two slots functionally the same in terms of taxes? You're not missing anything -- the Roth and tax-deferred are functionally ...
by 2beachcombers
Mon Jan 20, 2014 6:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Optimal location for investments - 401k/Roth/taxable?
Replies: 21
Views: 1457

Re: Optimal location for investments - 401k/Roth/taxable?

Thanks to both of you for the guidance! Based on your comments, it sounds as though a good priority order for the funds might be: 1 [best for taxable]) VXF (Vanguard Extended Market ETF) = Fido extended mkt has too many non quals--put in deferre d 2) VUG (Vanguard Growth ETF)-----------------------...
by 2beachcombers
Mon Jan 20, 2014 2:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Optimal location for investments - 401k/Roth/taxable?
Replies: 21
Views: 1457

Re: Optimal location for investments - 401k/Roth/taxable?

This is how I am invested. Note--90% of these investments are for heirs and charity-and hence have a 20yr+ time horrizon. 110% income needs from pensions and SS. 1 Research the international funds for Non Qualified dividends. I originally had some internationals--VSS, VWO, and FSivx(fido internation...
by 2beachcombers
Mon Jan 20, 2014 11:17 am
 
Forum: Investing - Help with Personal Investments
Topic: Optimal location for investments - 401k/Roth/taxable?
Replies: 21
Views: 1457

Re: Good/ enjoy math, but dislike programming: College major

Engineering Degree = Job :happy I am a retired Chemical Engineer. Grew into management and consulting to make bucks. :moneybag :moneybag I enjoyed math. If I became a math teacher, I would be in jail for killing a student. :twisted: Never used the DQ, calculus, programming I took in college. :annoyed
by 2beachcombers
Wed Jan 15, 2014 5:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Good/ enjoy math, but dislike programming: College major?
Replies: 65
Views: 3397

Re: Best Boglehead lesson

DIY After years of paying $$ to the "experts, I was lucky that my introduction to the Boglehead forum coincided 2 yrs of reading and with a desire to manage the $$ myself. The forum gave me a way to test my thoughts and get various answers that always ended in the correct way to go. After 5 yr ...
by 2beachcombers
Wed Jan 15, 2014 4:55 pm
 
Forum: Investing - Theory, News & General
Topic: Best Boglehead lesson
Replies: 74
Views: 5631

Re: Do you invest in a taxable account?

I have had savings or investments dating back prior to the beginning of IRAs. Over the years I have added to my taxable accounts, to the extent that I couldn't contribute to a tax deferred account. Now that I'm retired I add excess retirement income to taxable accounts. Except for a small reserve, ...
by 2beachcombers
Mon Jan 13, 2014 4:45 pm
 
Forum: Investing - Theory, News & General
Topic: Do you invest in a taxable account?
Replies: 111
Views: 7516

Re: family loan

Our kids are having a much toughter time than we did. I think i made a 2M$ profit on the 6,7 houses i sold. And put the $$ in 100% equities for 40 yrs :D :D :D Yeah, sounds like life is pretty tough for her. Daughter is Sr Exec with 270k salary. Have you lived with someone you despise ? Have you ev...
by 2beachcombers
Sun Dec 29, 2013 12:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: family loan
Replies: 22
Views: 1065
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