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Re: Close to retirement(6years) - want to maximize investmen

The best thing to do in the years just before retirement is to keep a spreadsheet of expenses, per Rick Ferri's advice. Sorry I don't recall which of his books I read that in. I tracked nearly every dollar for about 3 years before and 3 years after retirement. That was not a budget, but the input I ...
by Christine_NM
Tue Aug 19, 2014 2:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Close to retirement(6years) - want to maximize investments
Replies: 12
Views: 1080

Re: Pressure Cookers?

BFG - Look at Farberware or Cuisinart pressure cookers on Amazon (or a store). I had a Farberware for a few years but tossed it when I retired. These don't use the stovetop, they have a built-in heating element and you plug the PC into a wall outlet like a rice cooker or coffeemaker. The only drawba...
by Christine_NM
Sat Aug 16, 2014 11:14 am
 
Forum: Personal Consumer Issues
Topic: Pressure Cookers?
Replies: 39
Views: 2568

Re: Do you diversify into international bond?

That's a great thought but how do you determine with a fund is needless? Good question. Why start with international bonds just because they are now easy to buy. Greater availability implies to me a stronger correlation with Total Bond in the future. The buyers/sellers of international bonds now ov...
by Christine_NM
Fri Aug 15, 2014 8:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do you diversify into international bond?
Replies: 26
Views: 1479

Re: Do you diversify into international bond?

Per Strunk & White, omit needless funds. Writing and investing have a lot in common.
by Christine_NM
Fri Aug 15, 2014 7:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do you diversify into international bond?
Replies: 26
Views: 1479

Re: Where to live? She works in Boston, he works in Worceste

Something like this -- walkable, allows 2 pets: http://www.cloverleafapts.com/Natick-MA-apartments.asp It's in Natick. I grew up there (not in the apartment building!) and as I recall Natick is nicer than Framingham and not as snooty as Wellesley, Newton, Weston, Brookline and all the rest. There wa...
by Christine_NM
Thu Aug 14, 2014 6:05 pm
 
Forum: Personal Consumer Issues
Topic: Where to live? She works in Boston, he works in Worcester
Replies: 27
Views: 2089

Re: tipping a house painter?

I wouldn't tip a big-company crew. But if I were going to, I'd make it at least 10%-15%, which hopefully will be shared with crew who did the most work.

I hired an out-of-work painter (friend of a friend) with two helpers and he shared the tip equally with them.
by Christine_NM
Thu Aug 14, 2014 2:48 pm
 
Forum: Personal Consumer Issues
Topic: tipping a house painter?
Replies: 13
Views: 1292

Re: Advice for my mother (Widowed @ 62)

Perhaps it would not be a great idea to post the portfolio in full detail here. I think we can get the picture already. As soon as your Mom tells someone you posted the portfolio on an investment forum, you will get some flak and maybe lose some credibility. Mainly she should consider if the service...
by Christine_NM
Wed Aug 13, 2014 7:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice for my mother (Widowed @ 62)
Replies: 13
Views: 1363

Re: Where do you buy clothes?

If LL Bean doesn't have it, I don't need it :happy
by Christine_NM
Sun Aug 10, 2014 6:25 pm
 
Forum: Personal Consumer Issues
Topic: Where do you buy clothes?
Replies: 105
Views: 8661

Re: Good place to park ~$500k for house remodel/teardown?

I used Admiral Treasury Money Market fund, but that is closed now.

Long term fund records don't mean much in the course of one year. State-specific TE funds, really any bond funds, are a tad too risky for money you are counting on having intact in a year.
by Christine_NM
Sat Aug 09, 2014 11:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Good place to park ~$500k for house remodel/teardown?
Replies: 17
Views: 2420

Re: Your Favorite charity organization...? please

Automatic monthly donation either to Salvation Army (for local) or to MSF (for international).
by Christine_NM
Fri Aug 08, 2014 1:29 pm
 
Forum: Personal Consumer Issues
Topic: Your Favorite charity organization...? please
Replies: 90
Views: 3855

Re: How often do you replace bath towels?

I was writing a serious post about my towel and laundry habits but have mercifully spared you. The most interesting part was, there's a striped towel that I bought 20 years ago that I really like and probably will never throw out. I don't use it much anymore, but am always happy to give it a gentle ...
by Christine_NM
Fri Aug 08, 2014 12:22 pm
 
Forum: Personal Consumer Issues
Topic: How often do you replace bath towels?
Replies: 50
Views: 3700

Re: RMD & Social Security

Here's an old thread on the issue, maybe it will help, maybe not:

viewtopic.php?t=69467

I find it all very confusing and know nothing about 457's, so will not comment.
by Christine_NM
Thu Aug 07, 2014 4:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: RMD & Social Security
Replies: 7
Views: 941

Re: December RMD Withdrawal Timing Question

I'm in the don't-delay camp. I use the RMD to pay all taxes, with the balance going to a tax-exempt fund in my Vanguard taxable account. So as soon as I can reasonably estimate the next year's tax liability I schedule the RMD. This year that was in June. I don't want any growth in my IRA at this poi...
by Christine_NM
Thu Aug 07, 2014 1:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: December RMD Withdrawal Timing Question
Replies: 35
Views: 1409

Re: [If over 50] Do you prepare for long term care

I have an LTC policy but it is not enough to cover the full cost of care. Still, it would be a significant income increase and with it I can self-insure the rest.

Hope I never need it. Medicare covers a short hospice stay and that's second best to dying in your sleep.
by Christine_NM
Thu Aug 07, 2014 12:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: [If over 50] Do you prepare for long term care
Replies: 43
Views: 2069

Re: 22 year old College Senior--Tips for my portfolio

I like to keep emergency fund in a savings account and definitely not in checking. That really is emergency money, not everyday expense money. Will wait to read your reformatted portfolio.. ETA - Excellent portfolio. Maybe in taxable I'd use a Money Market fund rather than Total Bond, but that is ju...
by Christine_NM
Wed Aug 06, 2014 3:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: 22 year old College Senior--Tips for my portfolio
Replies: 9
Views: 989

Re: Clean investing in a single stock

a - The cleanest way to buy stock is to buy it from a direct purchase plan via the company's transfer agent. You buy it once and you hold the shares in your name. It's outside all your other accounts. That's how the megacaps do it. Tesla FAQ says, you need a brokerage account to buy Tesla on NASDAQ....
by Christine_NM
Sun Aug 03, 2014 1:54 am
 
Forum: Investing - Help with Personal Investments
Topic: Clean investing in a single stock
Replies: 28
Views: 2641

Re: Is Medigap insurance really needed?

linux - In OP's case, wife hates doctors. Given that, she is not likely to incur extra costs by having Medigap. The more likely scenario is that she waits too long to see a doctor, incurs higher costs because she waited, and so should have Medigap. Maybe some people are healthcare shoppers, but I do...
by Christine_NM
Sat Aug 02, 2014 3:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is Medigap insurance really needed?
Replies: 83
Views: 4130

Re: How Much Did You Lose Today?

I lost the MSRP price of my hoped-for Subaru Forester.
by Christine_NM
Fri Aug 01, 2014 12:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: How Much Did You Lose Today?
Replies: 166
Views: 13965

Re: Help me save my parents from Merrill Lynch

Anna - Don't let it go but proceed slowly. It may take several years for them to come around, but with occasional discussions and if reason fails, emotional blackmail (daughters can learn to be good at that), you will probably succeed. If you are investing as you want them to, it will help a lot. So...
by Christine_NM
Thu Jul 31, 2014 2:14 am
 
Forum: Investing - Help with Personal Investments
Topic: Help me save my parents from Merrill Lynch
Replies: 54
Views: 5976

Re: Help with a new $5m portfolio for an old lady

I like either of those recommendations, fwiw. Yes, some Vanguard people read this forum. But the choices were pretty obvious given the funds on offer. It's good that you are not pushing for 10% stock. That is not enough to offset rising rates, normal inflation, rising COL. 20% is better. 25% is even...
by Christine_NM
Wed Jul 30, 2014 5:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with a new $5m portfolio for an old lady
Replies: 59
Views: 4455

Re: Vanguard Options for RMD

LifeStrategy Moderate Growth would match the STAR fund and maybe be a little more tax efficient than the actively managed funds in STAR.

Or, just open a taxable STAR fund account if taxes are not an issue.
by Christine_NM
Wed Jul 30, 2014 3:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard Options for RMD
Replies: 4
Views: 652

Re: Help with a new $5m portfolio for an old lady

I agree w/ lots of CD's and either LifeStrategy Income or Wellesley Income and maybe a muni fund to cushion the tax blow. I don't have a good feel for what she likes (other than dividends), so won't attempt an allocation. But for steadiness and low maintenance those are the Vanguard funds that you w...
by Christine_NM
Tue Jul 29, 2014 8:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with a new $5m portfolio for an old lady
Replies: 59
Views: 4455

Re: POLL: Wills vs. Living Trusts

I was executor of my Mother's living revocable trust. For the most part it went OK but some things took too long, like locating the lawyer who had the original will and trust documents and dealing with T. Rowe Price. Both of those I had to delegate to a lawyer. Emotions were close to the surface and...
by Christine_NM
Tue Jul 29, 2014 12:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: Wills vs. Living Trusts
Replies: 35
Views: 3099

Re: Do Bogleheads Feel Wealthier?

Feel wealthier; spend more than when I was working. I feel wealthier not because of net worth, although that is going up (and down) with markets, but because I do not actively save any more. I reinvest most dividends but don't need to save from income. So I feel free to spend the little pot of money...
by Christine_NM
Mon Jul 28, 2014 12:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do Bogleheads Feel Wealthier?
Replies: 57
Views: 4638

Re: Vanguard sued for charging too little

So maybe this Contingency Reserve is Vanguard's version of a dark pool?

What next, will Wall Street firms have to pay taxes too?
by Christine_NM
Sat Jul 26, 2014 11:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard sued for charging too little
Replies: 173
Views: 19102

Re: Make Income the Outcome

Can anyone tell if Merton is advocating the same "stocks 'n' TIPS" 3-fund at DFA for the Australia problem -- if in fact there is a problem in Australia? Can't remember the name of the product being sold, but the backbone of it was a global stock fund, a short TIPS fund, and an intermediat...
by Christine_NM
Sat Jul 26, 2014 6:06 pm
 
Forum: Investing - Theory, News & General
Topic: Make Income the Outcome
Replies: 49
Views: 3915

Re: Is stated SEC yield before expense ratio?

Thanks Bogleheads.

You are faster than a phone call to Vanguard :happy
by Christine_NM
Sat Jul 26, 2014 1:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is stated SEC yield before expense ratio?
Replies: 8
Views: 555

Is stated SEC yield before expense ratio?

I'm looking at Limited Term Tax Exempt Admiral (VMLUX). Expense ratio: 0.12% SEC yield: 0.88% For a second I couldn't tell one from the other, both being so small. Which raises the question, does the 0.12% ER come out of the yield, so that the actual amount I will receive is something like 0.88% les...
by Christine_NM
Sat Jul 26, 2014 1:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is stated SEC yield before expense ratio?
Replies: 8
Views: 555

Re: Advice needed for $825,000 nest egg

A small point.. The plan outlined in the OP waits for both a market correction to invest cash AND a rebound of the 2 "loser" stocks. Those two events are not likely to both occur in the same time frame of a year or so. The losers will still lag in a down market. If the market goes up enoug...
by Christine_NM
Fri Jul 25, 2014 2:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice needed for $825,000 nest egg
Replies: 15
Views: 2314

Re: 2015 Subaru Forester, which trim/options?

I've been considering the eyesight feature for my next car, probably a 2016. I wonder if in practice it might be like anti-lock brakes when they were new, where you avoid the front collision but tend to get hit more often by a surprised rear-car driver, as you might in any sudden stop. Am waiting fo...
by Christine_NM
Thu Jul 24, 2014 6:42 pm
 
Forum: Personal Consumer Issues
Topic: 2015 Subaru Forester, which trim/options?
Replies: 16
Views: 1718

Re: Is a "split-personality" approach Boglehead-compatible?

So that is kind of why I have been thinking that it is easier for me if I can break things down, figure out how each different type of account (traditional, Roth, taxable, and tax-favored odds and ends) are likely to be used and an appropriate balanced set of investment for each *individual* type o...
by Christine_NM
Mon Jul 21, 2014 6:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is a "split-personality" approach Boglehead-compatible?
Replies: 20
Views: 1926

Re: Wellesley Income

I agree with Islander. I was going to write the same earlier, but I didn't think you'd like that answer! (I have both Wellesley and Equity Income. I used Short Term Investmt Grade instead of Intermed, but it depends what you want to do.)
by Christine_NM
Mon Jul 21, 2014 4:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Wellesley Income
Replies: 3
Views: 1229

Re: Is a "split-personality" approach Boglehead-compatible?

Did you write no RMD if you keep working? I don't know for sure or maybe I mis-read but that does not sound right to me. I think RMD kicks in at 70.5 regardless. Kalo IRS says: http://www.irs.gov/Retirement-Plans/RMD-Comparison-Chart-%28IRAs-vs.-Defined-Contribution-Plans%29 So if still working you...
by Christine_NM
Mon Jul 21, 2014 3:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is a "split-personality" approach Boglehead-compatible?
Replies: 20
Views: 1926

Re: Is a "split-personality" approach Boglehead-compatible?

Do - Is the main question whether you should have a specific asset allocation in your mind, or in your portfolio? It's clear that you will have an AA in your portfolio, but it may not be a good one unless you have done some (a lot?) of thinking about it. Or, as I prefer, just split the difference an...
by Christine_NM
Mon Jul 21, 2014 2:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is a "split-personality" approach Boglehead-compatible?
Replies: 20
Views: 1926

Re: Helping My Grandmother

Person - I wasn't thinking of the car as a big expense, I was thinking of the money selling it would bring (and some savings in gas, registration, oil change). Even a few hundred dollars would help. Otherwise, someday it will break down and she will be stranded if she can't afford to maintain it. Ma...
by Christine_NM
Sun Jul 20, 2014 6:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Helping My Grandmother
Replies: 54
Views: 3259

Re: Helping My Grandmother

Have you considered Managed Payout fund? This would be an additional $1200 if $30,000 were invested. The fund minimum is $25,000. I think I'd start with the minimum and see how it goes. That would be $1000/year. I don't see how else you can get a consistent amount. The fund is doing the same thing s...
by Christine_NM
Sun Jul 20, 2014 6:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Helping My Grandmother
Replies: 54
Views: 3259

Re: Paperwhite for Cloudy-Day Reading

This is my Paperwhite cover: http://www.amazon.com/Amazon-Kindle-Paperwhite-Leather-Saddle/dp/B007R5YDYA/ref=sr_1_17?ie=UTF8&qid=1405462998&sr=8-17&keywords=kindle+paperwhite It fits VERY tightly. Once you finally get it on you are hardly aware that it is a cover and not part of the Kind...
by Christine_NM
Tue Jul 15, 2014 6:32 pm
 
Forum: Personal Consumer Issues
Topic: Paperwhite for Cloudy-Day Reading
Replies: 21
Views: 1845

Re: A question for the Bogleladies or those who can consult

No, if you ask her, she will say she doesn't want a high end purse. Buy one anyway. Now take her shopping with you so she can choose, but don't let her pull that bogleheaded "it's too expensive." Oh, wrong thread, same principle. You and I are no marriage experts. :D But why buy lingerie ...
by Christine_NM
Tue Jul 15, 2014 12:55 pm
 
Forum: Personal Consumer Issues
Topic: A question for the Bogleladies or those who can consult one
Replies: 70
Views: 5808

Re: A question for the Bogleladies or those who can consult

MoonOrb wrote:Have you asked her what she wants?

I'd start by asking her what she wants and likes.


+1

Always a good idea.
by Christine_NM
Tue Jul 15, 2014 12:36 pm
 
Forum: Personal Consumer Issues
Topic: A question for the Bogleladies or those who can consult one
Replies: 70
Views: 5808

Re: Help for parent nearing retirement (unsolicited)

A visit to a financial planner can force a person to get everything together in a presentable form. That might be useful. Can your Mom create spreadsheets to help her stay organized? I have one spreadsheet design that has kept me in one piece financially for at least 15 years. She would need to evol...
by Christine_NM
Mon Jul 14, 2014 6:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help for parent nearing retirement (unsolicited)
Replies: 17
Views: 1312

Re: Knowledge gaps + anxiety = shame; gender and investing

...I would like to get back to the "communication" aspects of giving advice and requesting advice. Or if you like, how to address anxiety and shame? Any takers? I'm willing to be a taker, but I have no idea what the author meant when she used those words in the article. I wondered if it w...
by Christine_NM
Mon Jul 14, 2014 2:24 pm
 
Forum: Investing - Theory, News & General
Topic: Knowledge gaps + anxiety = shame; gender and investing
Replies: 77
Views: 5648

Re: Knowledge gaps + anxiety = shame; gender and investing

VictoriaF wrote:A side comment: Based on the winner effect, Germany is likely to win World Cup, because they must be loaded with testosterone after their spectacular scoring with Brazil.

Victoria


Argentine strategy seems to be, if you can't beat 'em, send 'em to the hospital.
by Christine_NM
Sun Jul 13, 2014 3:58 pm
 
Forum: Investing - Theory, News & General
Topic: Knowledge gaps + anxiety = shame; gender and investing
Replies: 77
Views: 5648

Re: Knowledge gaps + anxiety = shame; gender and investing

VF -

Yes. To hold a position is just as risky as to dump it and take on another. We all buy our portfolios every day.

I've gotten a sample of Coates and will buy if it appeals. Thanks. Now just killing time till FIFA final game.
by Christine_NM
Sun Jul 13, 2014 2:21 pm
 
Forum: Investing - Theory, News & General
Topic: Knowledge gaps + anxiety = shame; gender and investing
Replies: 77
Views: 5648

Re: Knowledge gaps + anxiety = shame; gender and investing

Victoria - Per your last paragraph, I've read a couple of NYT articles in the past few years about Wall Street's hostile environment for women traders. There was a suggestion that this environment rather than an innate ability or lack thereof made many women either leave soon if on WS, or choose to ...
by Christine_NM
Sun Jul 13, 2014 1:24 pm
 
Forum: Investing - Theory, News & General
Topic: Knowledge gaps + anxiety = shame; gender and investing
Replies: 77
Views: 5648

Re: Knowledge gaps + anxiety = shame; gender and investing

Victoria -

It was just a little joke. How do you think Wall Street should attract more women, as traders and as customers. Is that even a good idea for the women themselves?
by Christine_NM
Sun Jul 13, 2014 12:07 pm
 
Forum: Investing - Theory, News & General
Topic: Knowledge gaps + anxiety = shame; gender and investing
Replies: 77
Views: 5648

Re: Knowledge gaps + anxiety = shame; gender and investing

Back to the topic here. Marketing campaigns will not draw in large numbers of women. Maybe a few stray minnows but not a catch that will make the campaigns pay for themselves. AFAIK only Mr. Bogle has had the combination of message, wisdom, and humility needed to make women (and men) willing to list...
by Christine_NM
Sun Jul 13, 2014 11:48 am
 
Forum: Investing - Theory, News & General
Topic: Knowledge gaps + anxiety = shame; gender and investing
Replies: 77
Views: 5648

Re: What after-tax income could you live on today?

Tamales - Single homeowner (no mortgage) here. Thanks for doing this. I have not been keeping my budget spreadsheet up to date this year. I had the basics plugged in, but had not added in the extras yet. I have spent $8000 more than I thought I had, and it is only July. Whoa. Results seem to barbell...
by Christine_NM
Sat Jul 12, 2014 5:33 am
 
Forum: Personal Finance (Not Investing)
Topic: What after-tax income could you live on today?
Replies: 48
Views: 5123

Re: High end purses

OP -

Nordstrom's online is a great place for that price range. I had been dragging around a sturdy LL Bean shoulder bag for years. After recovery from chemo I treated myself to a black leather jacket and black quilted Chanel-style cross-body bag, each for about $250 on sale.
by Christine_NM
Fri Jul 11, 2014 10:22 pm
 
Forum: Personal Consumer Issues
Topic: High end purses
Replies: 119
Views: 12332

Re: Karen, single, 61, $2 million.

It was in the 6/28 episode that you can listen to here : http://www.edelmanfinancial.com/radio . This episode has a longer than usual opening monolog so you'll have to scroll to a little past the half time. As far as I can tell, he didn't mention a word about Roth or annuity. I have been a listener...
by Christine_NM
Fri Jul 11, 2014 4:06 pm
 
Forum: Investing - Theory, News & General
Topic: Karen, single, 61, $2 million.
Replies: 35
Views: 3746
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