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Re: Which Credit Card w/ 5% Cash Back Rotating Category is B

amitb00 wrote:I did not know SM card gets 5% at Walmart. I will try at mine and report back
Please do. I'd be curious to hear if this really works. I wonder where the 5% comes from.
by 555
Sat Apr 18, 2015 10:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Which Credit Card w/ 5% Cash Back Rotating Category is Best?
Replies: 19
Views: 1707

Re: John Bogle's Don't Peek Challenge

Benartzi and Thaler find that investor shown yearly stock returns are more risk averse than investors shown only long-term returns. Providing plan participants with short-term rates of return on the different investment funds induces “myopic loss aversion” (Benartzi and Thaler, 1995). Loss aversion...
by 555
Sat Apr 18, 2015 6:52 pm
 
Forum: Investing - Theory, News & General
Topic: John Bogle's Don't Peek Challenge
Replies: 137
Views: 11219

Re: Taking stock at midlife financially

You're doing fine obviously. But how do you get to $1.5M saving $10k/yr?
by 555
Sat Apr 18, 2015 5:09 pm
 
Forum: Investing - Theory, News & General
Topic: Taking stock at midlife financially
Replies: 13
Views: 1879

Re: Which Credit Card w/ 5% Cash Back Rotating Category is B

What exactly is a "category", and how does it all work out in practice?

How can I use one of these cards to get 5% off at Walmart?
by 555
Sat Apr 18, 2015 4:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Which Credit Card w/ 5% Cash Back Rotating Category is Best?
Replies: 19
Views: 1707

Re: John Bogle's Don't Peek Challenge

The anchoring effect happens even when people know about it and are told that they will be paid money if they can avoid it . You can't reason your way out of a cognitive bias, but what you can do is hack your behavior. Not looking at your portfolio is one way to do that. Arguments like that bring t...
by 555
Sat Apr 18, 2015 1:13 pm
 
Forum: Investing - Theory, News & General
Topic: John Bogle's Don't Peek Challenge
Replies: 137
Views: 11219

Re: long term capital gain tax vs. roth conversions

bobk100 wrote:I would like to convert as much of my traditional IRA to a Roth IRA as possible because at age 70 the RMD plus my SS benefit will put me in the 28% tax bracket.
I don't see what would be pushing you up into that tax bracket.
bobk100 wrote: Am I better off from a tax perspective focusing on maximizing the 0% tax rate or doing partial Roth conversions at 15% tax rate as a means to keep my future tax rate lower when I have to take RMDs?
That depends on some variables we don't have.
by 555
Sat Apr 18, 2015 1:16 am
 
Forum: Investing - Help with Personal Investments
Topic: long term capital gain tax vs. roth conversions
Replies: 39
Views: 1910

Re: John Bogle's Don't Peek Challenge

I was really challenging the weakness of people like myself and newer investors who overreact when the market is really up or really down. So if you don't peek, you will do nothing. Information is good. It should assist you in making better decisions. Why does information make you make worse decisi...
by 555
Fri Apr 17, 2015 10:59 pm
 
Forum: Investing - Theory, News & General
Topic: John Bogle's Don't Peek Challenge
Replies: 137
Views: 11219

Re: John Bogle's Don't Peek Challenge

I was really challenging the weakness of people like myself and newer investors who overreact when the market is really up or really down. So if you don't peek, you will do nothing. Information is good. It should assist you in making better decisions. Why does information make you make worse decisi...
by 555
Fri Apr 17, 2015 10:33 pm
 
Forum: Investing - Theory, News & General
Topic: John Bogle's Don't Peek Challenge
Replies: 137
Views: 11219

Re: Would you buy 1.5 M house without AC?

In many parts of the country you could get about 5 or 10 houses with HVAC for less than $1.5M.
by 555
Fri Apr 17, 2015 3:27 am
 
Forum: Personal Finance (Not Investing)
Topic: Would you buy a house without AC?
Replies: 58
Views: 4229

Re: Collecting: A Hobby First, Investment Second

DJB wrote:I respectfully disagree with this. I've invested my entire nest egg in Beanie Babies and as soon as the market recovers, it will be smooth sailing into retirement.
And if not, you can use them as soft comfortable furniture in your shelter under a bridge. :wink:
by 555
Fri Apr 17, 2015 1:00 am
 
Forum: Investing - Theory, News & General
Topic: Collecting: A Hobby First, Investment Second
Replies: 27
Views: 2231

Re: Would you buy 1.5 M house without AC?

If your concerned about raising funds to pay for an AC system, you could always sell about a square foot of land to your neighbor. :happy
by 555
Thu Apr 16, 2015 11:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Would you buy a house without AC?
Replies: 58
Views: 4229

Re: How many baskets for your eggs? [Withdrawal strategy]

Has the OP started another hit-n-run* thread like this one? https://www.bogleheads.org/forum/viewtopic.php?f=10&t=163545 *Starting a thread and abandoning it. Why two threads? They're pretty similar topics. ^ A really good "Instructor" poses a question and then waits for an answer and...
by 555
Thu Apr 16, 2015 10:09 pm
 
Forum: Investing - Theory, News & General
Topic: Retirement expenditure concept
Replies: 45
Views: 3144

Re: How many baskets for your eggs? [Withdrawal strategy]

Has the OP started another hit-n-run* thread like this one?
viewtopic.php?f=10&t=163545

*Starting a thread and abandoning it.

Why two threads? They're pretty similar topics.
by 555
Thu Apr 16, 2015 9:37 pm
 
Forum: Investing - Theory, News & General
Topic: Retirement expenditure concept
Replies: 45
Views: 3144

Re: Can we avoid 20% withholding?

Thanks. My future situation will be similar to the OP's, so this is useful information for planning.
by 555
Wed Apr 15, 2015 10:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can we avoid 20% withholding?
Replies: 9
Views: 947

Re: Poll: Effective average Adjusted Livesoft tax rate?

Were you trying to set up a calculation that makes tax rates look lower? All those things that you add back into income make my income look a lot higher, which makes my tax rate look higher! :wink: I would think the opposite since the ALI results in a larger denominator... Yes, but in my case, if y...
by 555
Wed Apr 15, 2015 9:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Poll: Effective average Adjusted Livesoft tax rate?
Replies: 52
Views: 3279

Re: Poll: Effective average Adjusted Livesoft tax rate?

Were you trying to set up a calculation that makes tax rates look lower?

All those things that you add back into income make my income look a lot higher, which makes my tax rate look higher! :wink:
by 555
Wed Apr 15, 2015 7:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Poll: Effective average Adjusted Livesoft tax rate?
Replies: 52
Views: 3279

Re: Can we avoid 20% withholding?

Could someone confirm this 20% withholding?

Is it for both 403b and 457? Is it plan-dependent? Is it age-dependent?

This has consequences.
by 555
Wed Apr 15, 2015 7:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can we avoid 20% withholding?
Replies: 9
Views: 947

Re: Retirement expenditure concept

I am always fascinated by ... OP doesn't seem "fascinated" by this topic any more. :confused That often happens when a thread gets hijacked... Really? I wrote a rather lengthy, thought out, and totally relevant first response to the OP (and all the other comments are about annuities too)....
by 555
Wed Apr 15, 2015 7:13 pm
 
Forum: Investing - Theory, News & General
Topic: Retirement expenditure concept
Replies: 45
Views: 3144

Re: Retirement expenditure concept

Okay. I still don't think I'd get an annuity at T-C. (And yes, I know it's called an "annuity" now, but you know what I mean. :happy )

Professor Emeritus wrote:I am always fascinated by ...
OP doesn't seem "fascinated" by this topic any more. :confused
by 555
Wed Apr 15, 2015 1:37 pm
 
Forum: Investing - Theory, News & General
Topic: Retirement expenditure concept
Replies: 45
Views: 3144

Re: Raising well-adjusted children when you're "rich"?

A lot of toys are cheap. You don't need to be "rich" to buy toys. They can be educational and worthwhile.

There are lots of ways for someone of means to waste money and engage in excess consumption, but generally, buying toys is not in that category.
by 555
Wed Apr 15, 2015 11:11 am
 
Forum: Personal Finance (Not Investing)
Topic: Raising well-adjusted children when you're "rich"?
Replies: 43
Views: 3389

Re: Retirement expenditure concept

I hold TIAA Real Estate Account now, but I want to be able to move out when I can, (it behaves "funny"), so I wouldn't want it wrapped up in an annuity. It's plain vanilla SPIAs for me. The only choices in my mind are if or when to take an SPIA, and should it be real or nominal. The actual...
by 555
Wed Apr 15, 2015 10:24 am
 
Forum: Investing - Theory, News & General
Topic: Retirement expenditure concept
Replies: 45
Views: 3144

Re: JOWPYN - The Joy of Working Past Your Number

Okay, you are acknowledging that there are various different levels of "enough" and so there are various different numbers you can calculate and target, which is what I was saying.
by 555
Tue Apr 14, 2015 10:40 am
 
Forum: Personal Finance (Not Investing)
Topic: JOWPYN - The Joy of Working Past Your Number
Replies: 55
Views: 7603

Re: Retirement expenditure concept

In my case, I annuitized about half of my accumulation two years ago at start of retirement. These annuities, both fixed and variable, are with TIAA-CREF and I've stopped discussing them too often here since they're not available to the general public. A lot of us here have TIAA-CREF. Personally, I...
by 555
Tue Apr 14, 2015 4:09 am
 
Forum: Investing - Theory, News & General
Topic: Retirement expenditure concept
Replies: 45
Views: 3144

Re: Finally some good news on retirement

Once in a while we see the positive, and perhaps more realistic, side of retirement finances. This article was published by Marketwatch. http://www.marketwatch.com/story/retiring-why-you-will-need-less-money-than-you-think-2015-04-13 Duplicate thread. Should be merged. The identical article (from i...
by 555
Tue Apr 14, 2015 3:44 am
 
Forum: Investing - Theory, News & General
Topic: WSJ: You may need less than 80% in retirement
Replies: 98
Views: 8884

Re: JOWPYN - The Joy of Working Past Your Number

"I had hit my number..." There's really no such thing as hitting your number. There's no exact amount where you suddenly have enough. Instead there is a wide range from "barely enough to survive if you're not too unlucky" to "easily enough so that you'll never have to worry...
by 555
Mon Apr 13, 2015 11:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: JOWPYN - The Joy of Working Past Your Number
Replies: 55
Views: 7603

Re: Talking to People About Retirement

Just say you want to move on to a new phase of life, and you'll make do with what you have.

Some people don't understand why you would have money sitting around to pay for groceries in the future at age 80, when they could help you spend that money right now.
by 555
Mon Apr 13, 2015 11:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Talking to People About Retirement
Replies: 70
Views: 6325

Re: Household Gross Income Poll

It looks like about 22% have "gross incomes" <$100k/yr and if MFJ they would be in the 15% marginal bracket. That's still a sizeable minority in that bracket. Plenty of retirees will be in that bracket too (and on this forum). I see plenty of advice here for that bracket.
by 555
Mon Apr 13, 2015 10:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Household Gross Income Poll
Replies: 134
Views: 12430

Re: Retirement expenditure concept

I have, and will have, zero income from SS and Pension, so I am a prime candidate to use annuities. Moreover, I do not want to work unnecessary extra years, so I will retire with "probably about enough", so basics should be covered, and I'll manage it prudently to stay in the middle ground...
by 555
Mon Apr 13, 2015 3:42 pm
 
Forum: Investing - Theory, News & General
Topic: Retirement expenditure concept
Replies: 45
Views: 3144

Re: Household Gross Income Poll

I've had discussions about optimizing Earned Income Credit on this forum. A lot of financial topics are covered. It's logical that incomes of participants on this forum would be somewhat skewed higher compared to the general population, but not to anything like the degree this poll indicates. That's...
by 555
Mon Apr 13, 2015 1:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Household Gross Income Poll
Replies: 134
Views: 12430

Re: New or Used Subaru Outback?

jackpullo997 wrote:Bought a 2001 Outback with $60k for $5000. Great deal, and going strong!
Getting "$60k for $5000" is always a good deal. :happy
by 555
Mon Apr 13, 2015 10:26 am
 
Forum: Personal Consumer Issues
Topic: New or Used Subaru Outback?
Replies: 24
Views: 3241

Re: New or Used Subaru Outback?

I'm in the market for another Outback as well so this post is very timely. Thank you I drive a 2007 model and I love it but I am having problems with child safety seats. We currently have one child and she is rear facing in the middle as this is the only place the seat will go rear facing. We plan ...
by 555
Mon Apr 13, 2015 10:23 am
 
Forum: Personal Consumer Issues
Topic: New or Used Subaru Outback?
Replies: 24
Views: 3241

Re: The $1 Million Goal: Source of Motivation or Discouragem

I think the following is a useful way to visualize how much $1Million is. For a couple to earn $1Million over their careers, assuming 40 year career, working 50 weeks per year, 40 hours per week, they need to earn $6.25 per hour. Some of these fixed-number threads continue to get further and furthe...
by 555
Mon Apr 13, 2015 9:07 am
 
Forum: Investing - Theory, News & General
Topic: The $1 Million Goal: Source of Motivation or Discouragement?
Replies: 172
Views: 15681

Re: Household Gross Income Poll

I think pretty much everyone can benefit from financial advice. When it comes more specifically to retirement investing, not everyone is in a position to do that, but a sizeable majority are. Certainly most median income households should be able to do some retirement investing (depending on other c...
by 555
Sun Apr 12, 2015 8:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Household Gross Income Poll
Replies: 134
Views: 12430

Re: No HSA distributions - do I still have to file Form 8889

Does that mean you can't file 1040A if you have an HSA? That has FAFSA implications.
by 555
Sun Apr 12, 2015 7:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: No HSA distributions - do I still have to file Form 8889?
Replies: 3
Views: 353

Re: The $1 Million Goal: Source of Motivation or Discouragem

I think the following is a useful way to visualize how much $1Million is. For a couple to earn $1Million over their careers, assuming 40 year career, working 50 weeks per year, 40 hours per week, they need to earn $6.25 per hour. This ignores taxes and expenses. To add those would drastically incre...
by 555
Sun Apr 12, 2015 2:18 pm
 
Forum: Investing - Theory, News & General
Topic: The $1 Million Goal: Source of Motivation or Discouragement?
Replies: 172
Views: 15681

Re: The $1 Million Goal: Source of Motivation or Discouragem

I think the following is a useful way to visualize how much $1Million is.

For a couple to earn $1Million over their careers, assuming 40 year career, working 50 weeks per year, 40 hours per week, they need to earn $6.25 per hour.
by 555
Sun Apr 12, 2015 1:53 pm
 
Forum: Investing - Theory, News & General
Topic: The $1 Million Goal: Source of Motivation or Discouragement?
Replies: 172
Views: 15681

Re: Household Gross Income Poll

Perhaps the reasons this forum is so heavily weighted towards the higher income crowd are that: 1) Retirement is typically something that people become more concerned about in their 50's, when their incomes are typically at their highest . .... 3) Fifty percent of the people in this country pay no ...
by 555
Sun Apr 12, 2015 1:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Household Gross Income Poll
Replies: 134
Views: 12430

Re: Household Gross Income Poll

I always get a chuckle from the peanut gallery responses. "The poll is flawed because …." or "My idiosyncratic situation didn't match the possible choices so the poll does not permit me to vote." Folks, these polls are not meant to be scientific and perhaps not even fact-gatheri...
by 555
Sun Apr 12, 2015 2:37 am
 
Forum: Personal Finance (Not Investing)
Topic: Household Gross Income Poll
Replies: 134
Views: 12430

Re: Household Gross Income Poll

If you are debating what "gross household income" is, just use line 22 on your 1040. In other words, "gross household income" does not include health insurance, HSA or FSA, 401k, 401a, 403b, 457, etc. Also, for comparison, here are household incomes in the general population htt...
by 555
Sat Apr 11, 2015 11:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Household Gross Income Poll
Replies: 134
Views: 12430

Re: Household Gross Income Poll

If you are debating what "gross household income" is, just use line 22 on your 1040. In other words, "gross household income" does not include health insurance, HSA or FSA, 401k, 401a, 403b, 457, etc. Also, for comparison, here are household incomes in the general population htt...
by 555
Sat Apr 11, 2015 10:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Household Gross Income Poll
Replies: 134
Views: 12430

Re: New Social Security Facts

The Wizard wrote:I don't think anybody in this thread claimed an 8% return on investment for each year of delay beyond FRA.
I think we're all on the same page in calling it an increase in payout...
I'm talking more broadly about discussions of this topic, not this specific thread.
by 555
Sat Apr 11, 2015 1:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: New Social Security Facts
Replies: 13
Views: 1536

Re: New Social Security Facts

This is academic to me (I don't have SS), but why do some people talk as if you get the equivalent of 8% return. You have the option of sacrificing one years income, to increase future payouts by 8%. That's more like an annuity with an 8% payout (with COLA). It's certainly a good deal compared to wh...
by 555
Sat Apr 11, 2015 12:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: New Social Security Facts
Replies: 13
Views: 1536

Re: How to know if I am saving enough?

You can't define "saving enough" purely in percentage terms, because there are many more variables of interest/importance than just amount earned and amount saved. Save what you can, when you can. Circumstances can change. I'm sure statistically there are a lot more people who look back at...
by 555
Sat Apr 11, 2015 11:55 am
 
Forum: Personal Finance (Not Investing)
Topic: How to know if I am saving enough?
Replies: 25
Views: 2669

Re: The $1 Million Goal: Source of Motivation or Discouragem

...But yes if I was making half as much or if I had the same income but was married to a stay at home mom/had 2-3 kids it would be far more discouraging. ... I am married to a stay at home mom and have 3 kids. I have a 5 figure income and a 7 figure portfolio. When I get to about $2M I will retire ...
by 555
Sat Apr 11, 2015 4:18 am
 
Forum: Investing - Theory, News & General
Topic: The $1 Million Goal: Source of Motivation or Discouragement?
Replies: 172
Views: 15681

Re: What is Sammy Savers net worth?

What would you consider Sammy Savers net worth be with the following situation. Sammy is 58 years old? Taxable Accounts - $500,000 Tax Deferred Accounts - $500,000 Eligible Full Benefit Social Security Benefit - $15,000/yr Pension with a COLA - $10,000/yr No Debt I don't think anyone could reasonab...
by 555
Sat Apr 11, 2015 4:06 am
 
Forum: Personal Finance (Not Investing)
Topic: What is Sammy Savers net worth?
Replies: 41
Views: 3590

Re: WSJ: You may need less than 80% in retirement

Dutch wrote:I think the author reads this forum.
I think you read the article. :happy
by 555
Sat Apr 11, 2015 12:15 am
 
Forum: Investing - Theory, News & General
Topic: WSJ: You may need less than 80% in retirement
Replies: 98
Views: 8884

Re: WSJ: You may need less than 80% in retirement

I doubt there's any "you need 80%" crowd to be found on this forum. You try to directly figure out what your expenses are anticipated to be in retirement. Whatever percentage that is of your current income is just some number that is what it is. Which is to say that most here would agree ...
by 555
Fri Apr 10, 2015 6:44 pm
 
Forum: Investing - Theory, News & General
Topic: WSJ: You may need less than 80% in retirement
Replies: 98
Views: 8884

Re: WSJ: You may need less than 80% in retirement

I doubt there's any "you need 80%" crowd to be found on this forum. You try to directly figure out what your expenses are anticipated to be in retirement. Whatever percentage that is of your current income is just some number that is what it is.
by 555
Fri Apr 10, 2015 6:29 pm
 
Forum: Investing - Theory, News & General
Topic: WSJ: You may need less than 80% in retirement
Replies: 98
Views: 8884

Re: More Lump Sum vs Annuity

The monthly income as a pension using the company plan will be $492 per $100k, with no COLA, for joint life and survivor. I am trying to decide if this is a good deal. As I look around at joint SPIAs, $100k today would seem to equate to about $417/mo, making this seem a little to good to be true. A...
by 555
Fri Apr 10, 2015 3:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: More Lump Sum vs Annuity
Replies: 5
Views: 525

Re: AA beyond achievement of your "number"

One conventional Boglehead wisdom is that when you reach your "enough" number, and especially your "easily enough" number (rather than just your "barely enough" number) then you can invest the excess however you like, and you'll be fine.
by 555
Fri Apr 10, 2015 3:10 pm
 
Forum: Investing - Theory, News & General
Topic: AA beyond achievement of your "number"
Replies: 22
Views: 2209
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