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Re: Index Funds Warning

The article does not mention that most non-Vanguard managed funds hold stock positions so briefly that they have no influence on management at all. To them, a stock is a commodity and the only important thing is price. They could care less about management -- and that is probably a good thing. At le...
by Christine_NM
Tue Mar 31, 2015 2:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Index Funds Warning
Replies: 5
Views: 693

Re: Social Security Guidance/Specialist

If you want to read and understand, Mike Piper's book (modest BH poster ObliviousInvestor above) and L. Kotlikoff's book are great. If you want a filing strategy optimized, Kotlikoff's http://www.maximizeyoursocialsecurity.com does a great job for $40. Make that http://www.maximizemysocialsecurity....
by Christine_NM
Mon Mar 30, 2015 5:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security Guidance/Specialist
Replies: 5
Views: 748

Re: stick with current portfolio or move to Bill Schultheis'

Bill Schulteis's (or anyone else's) name on a portfolio doesn't make it right for you.

The enemy of a good plan is the dream of a perfect plan. You have a good plan now, don't mess it up. Find another hobby.
by Christine_NM
Mon Mar 30, 2015 1:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: stick with current portfolio or move to Bill Schultheis' cof
Replies: 15
Views: 1053

Re: Implications of Marriage - she with debt and low income

Should she return to school and close the business or otherwise stop working, there would be a host of need-based financial-aid options available to her This is the only "benefit" of a DP that I can see. You would not have to contribute for her education even though you would benefit from...
by Christine_NM
Mon Mar 30, 2015 12:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Implications of Marriage - she with debt and low income (WI)
Replies: 52
Views: 4454

Re: Hate where we live, do we make major changes?

we've often wondered if we lived in a climate more conducive to sun/warmth, we wouldn't feel the need to go to the Caribbean. Yes, I found that once I moved where I wanted to be, I felt less desire to travel long distances. When I did travel, even to Hawaii, I always found on return that the weathe...
by Christine_NM
Sun Mar 29, 2015 2:52 pm
 
Forum: Personal Consumer Issues
Topic: Hate where we live, do we make major changes?
Replies: 88
Views: 5900

Re: What would you do with 1.25 million dollars for 1 year?

Have you owned VMLUX before? Its NAV is very slowly falling. I bought at about 10.50, I remember it as high as 11.15, and now it is 11.05. The income barely makes up the difference. Can you live with 10.50 a share one year from now? I have this fund and it is not a place I would put a balloon tax pa...
by Christine_NM
Thu Mar 26, 2015 10:28 am
 
Forum: Investing - Help with Personal Investments
Topic: What would you do with 1.25 million dollars for 1 year?
Replies: 39
Views: 3545

Re: Mom seeking financial help - what to do?

I have (at least) two answers. First, if Mom has given you any cash in your adult life, just give her back the $1000 and consider it repayment of the gift now that she needs it. (ETA - needs it or wants it -- Ralph above may be right about the worst case) Of course, if you do this, she will return a...
by Christine_NM
Wed Mar 25, 2015 6:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mom seeking financial help - what to do?
Replies: 62
Views: 4461

Re: Help w/ adult child hard-wired for poor financial decisi

Dave - All you have to complain about are her finances and no college yet? With or without a degree she would still need your help (money). Sorry, I see no decision that she could make that would suddenly make her a financial success. It is a long tough road to financial stability. She needs help no...
by Christine_NM
Tue Mar 24, 2015 6:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help w/ adult child hard-wired for poor financial decisions?
Replies: 45
Views: 4665

Re: Newbie knows nothing, feedback appreciated.

Sonoma - Welcome. Please don't worry too much, a lot of us have been more or less where you are. The only immediate "loss" will be on capital gains (your profit) on funds in the taxable account that cannot be transferred in kind. Somehow I expect your profits will be modest, but you can fi...
by Christine_NM
Sun Mar 22, 2015 11:32 am
 
Forum: Investing - Help with Personal Investments
Topic: Newbie knows nothing, feedback appreciated.
Replies: 21
Views: 1559

Re: The one area I disagree with Jack

I don't let my SS and pension dictate my allocation to stocks. Jack may be telling retired people that they do not have to hoard all their savings in cash or bonds. It is difficult to say this without some sort of numeric advice like count SS as a bond, so don't overdo the bond allocation. Reminds m...
by Christine_NM
Sat Mar 21, 2015 4:41 pm
 
Forum: Investing - Theory, News & General
Topic: The one area I disagree with Jack
Replies: 93
Views: 7327

Re: Opened an account Vanguard yesterday, now having cold fe

Taylor (and Helen) - I agree that a 3% CD is possibly not a bad idea. I just hate to think that a bad experience with a broker would prevent a couple from any possibility of investing a small portion of retirement funds in stocks, even in the form of index funds. The loss was extreme but need not be...
by Christine_NM
Sat Mar 21, 2015 4:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Opened an account Vanguard yesterday, now having cold feet
Replies: 60
Views: 3724

Re: Opened an account Vanguard yesterday, now having cold fe

We have been thinking constantly for the last 3 weeks ever since we sold the land. I just cannot convince my husband to do the stock market...he is scared to death because of what happened to his IRA. He keeps talking about another brokered cd at 3% for 10 years. I forgot to say, I can invest more ...
by Christine_NM
Sat Mar 21, 2015 3:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Opened an account Vanguard yesterday, now having cold feet
Replies: 60
Views: 3724

Re: Opened an account Vanguard yesterday, now having cold fe

Helen -- I watched some of Rickards. Not much actionable takeaway there, just a mediocre bit of fearmongering. Assuming the sun comes up tomorrow and Monday :shock: let's continue with life as we know it. Your funds are the same ones that are in the Lifestrategy funds-of-funds. Pick a Lifestrategy f...
by Christine_NM
Sat Mar 21, 2015 3:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Opened an account Vanguard yesterday, now having cold feet
Replies: 60
Views: 3724

Re: Doctor's office requires credit card on file

I would base my decision to see them based on the recs you got and your personal experience. Lafder Lafder - How can a new patient tell if unnecessary tests or treatments are being recommended? Or if symptoms are adequately addressed? Docs have thousands of patients, but each patient has only one b...
by Christine_NM
Fri Mar 20, 2015 7:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Doctor's office requires credit card on file
Replies: 55
Views: 2952

Re: Doctor's office requires credit card on file

I guess this is a private practice, not a hospital clinic? I have been to a lot of doctors in the past 3 years, some private and most hospital clinicians, and no one has asked for a credit card or charged for online services. Of course, I belong to a Medicare Advantage plan and it all gets taken car...
by Christine_NM
Fri Mar 20, 2015 6:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Doctor's office requires credit card on file
Replies: 55
Views: 2952

Re: Cooking: Refreezing Turkey Stock?

Yes, divide into portions you will use.

Christmas? I don't keep anything more than 3 months in an self-defrosting freezer. Longer than than and everything gets tired looking.
by Christine_NM
Thu Mar 19, 2015 8:36 pm
 
Forum: Personal Consumer Issues
Topic: Cooking: Refreezing Turkey Stock?
Replies: 8
Views: 512

Re: Any Vanguard Balanced Index Fund Diehards

Yo, Bal Index holder here since about 1999. In 2002 switched it from IRA to taxable. Now the cap gains are way too much to realize so I am in it for life. It is my largest fund. I still reinvest distributions even though I am retired. I like that Vanguard cannot tinker with it since it is not a fund...
by Christine_NM
Tue Mar 17, 2015 11:58 am
 
Forum: Investing - Theory, News & General
Topic: Any Vanguard Balanced Index Fund Diehards
Replies: 24
Views: 2970

Re: Kotlikoff: When Should you Take Social Security?

^^ Dec - I did not find the story funny either, but it was the first one, so I took Bob at his word. And reading it did remind me of my boss's comment. There is much to lament in the relationships between people and money. Social Security is one of our better efforts overall. It's unseemingly for ac...
by Christine_NM
Mon Mar 16, 2015 7:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Kotlikoff: When Should you Take Social Security?
Replies: 220
Views: 19900

Re: Kotlikoff: When Should you Take Social Security?

Hi L, This morning I took my wife to the hospital for her chemotherapy and we started a conversation with a woman being infused in the next chair. The conversation turned to the book I was reading and I said that it was a fairly humorous read for such a dry topic. Here, read the first couple of pag...
by Christine_NM
Mon Mar 16, 2015 6:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Kotlikoff: When Should you Take Social Security?
Replies: 220
Views: 19900

Re: John Bogle's Don't Peek Challenge

I think Jack's larger point was you don't have to do anything besides save money and invest regularly.

Saving for retirement is really easy. All the angst and peeking is wasted effort.
by Christine_NM
Mon Mar 16, 2015 12:17 pm
 
Forum: Investing - Theory, News & General
Topic: John Bogle's Don't Peek Challenge
Replies: 103
Views: 8711

Re: Benefit of tilting towrds Nordic minus Norway for Norweg

Unless some reasons are given for the recommendation, the allocation sounds like home-country and regional bias -- what the fund company knows its customers will like to buy. Even giving reasons to buy specific countries turns them into "story stocks" -- story meaning a sequence of future ...
by Christine_NM
Sun Mar 15, 2015 7:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Benefit of tilting towrds Nordic minus Norway for Norwegian?
Replies: 2
Views: 355

Re: Mutual Funds or Variable Annuity?

The other option was a bunch of Franklin funds and the FA showed a Morningstar hypo from 2000-2015 where if you would have invested $500K in the year 2000, than as of Feb 28th it would have been $1.7MM! Wow! Doesn't that handily beat the market even with the fees included? This caught my eye becaus...
by Christine_NM
Sun Mar 15, 2015 1:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Mutual Funds or Variable Annuity?
Replies: 11
Views: 841

Re: Confused with Social Security website calculation.

Gort - I used AnyPIA ten years ago. I had to enter my earnings history, but that allowed me to enter zero earnings from age 62-70. The benefits calculated were exactly right for the known case, age 62, and somewhat lower than shown on the usual PEBES statement or online. Not much, less than $200/mon...
by Christine_NM
Sun Mar 15, 2015 12:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Confused with Social Security website calculation.
Replies: 5
Views: 598

Re: Another take on Vanguard questionnaire: NYTimes

Thanks for the article. It was a 1995 NYT article that got me to be serious about retirement planning. I had a good savings habit, but no idea if it would be enough.

I'm sure your article peeled a few people off the bench and into the planning game.
by Christine_NM
Fri Mar 13, 2015 2:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Another take on Vanguard questionnaire: NYTimes
Replies: 42
Views: 3968

Re: Kotlikoff: When Should you Take Social Security?

This is why I elected to take Social Security at age 62 although I did not quite need the money: About three months before I turned 62, I was diagnosed with a rare form of blood cancer that affects around 3,000 people annually in the US. I got treated and continue to see my physicians regularly. I ...
by Christine_NM
Fri Mar 13, 2015 2:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Kotlikoff: When Should you Take Social Security?
Replies: 220
Views: 19900

Re: Kotlikoff: When Should you Take Social Security?

^^ miriam2 - Thank you for the quote. I am stunned at Kotlikoff's conclusion that the reptilian self can think of future selves. My idea of that self is that it will not leave a crumb on the table today for two crumbs tomorrow. Social Security is turning out to be the ultimate kids' marshmallow test...
by Christine_NM
Fri Mar 13, 2015 1:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Kotlikoff: When Should you Take Social Security?
Replies: 220
Views: 19900

Re: Vitamins/Supplements, recs for reliable brands & retaile

I've been getting a few vitamins for years from Carlson Laboratories via Amazon. My first vitamin D (forget the brand) didn't move the needle on D3 blood test. Switched to Carlson and it showed in subsequent lab work.
by Christine_NM
Thu Mar 12, 2015 4:49 pm
 
Forum: Personal Consumer Issues
Topic: Vitamins/Supplements, recs for reliable brands & retailers?
Replies: 12
Views: 932

Re: Is High Frequency Trading a Problem For Bogleheads?

^^ Simplegift -

This isn't a test for HFT because the index itself would be affected by HFT on all exchanges. Every trade would be subject to a HFT ding, so the prices are a tad off everywhere. Lots of other factors in play to determine price, but everyone is paying a bit to the frontrunners.
by Christine_NM
Thu Mar 12, 2015 4:27 pm
 
Forum: Investing - Theory, News & General
Topic: Is High Frequency Trading a Problem For Bogleheads?
Replies: 42
Views: 1852

Re: Edward Jones - Ripped off Advice

The most innocent explanation might be a big bet on international in 2014 combined with a little too much trading to try to correct the result. It doesn't have to be nefarious. Just be glad your friends are not in charge of your money, you are, and hope that you do better.
by Christine_NM
Wed Mar 11, 2015 4:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Edward Jones - Ripped off Advice
Replies: 20
Views: 1540

Re: High Cost of Fruits and Vegetables

Sugar in fruits is essentially no different from fructose from a candy bar because chemistry is chemistry and molecules are molecules no matter where they come from. 1 medium orange 2-5/8" diameter has 12 grams of sugar and 3 grams of fiber. Zero fat. 1 Snickers bar 4oz size has 57 grams of su...
by Christine_NM
Tue Mar 10, 2015 12:33 pm
 
Forum: Personal Consumer Issues
Topic: High Cost of Fruits and Vegetables
Replies: 126
Views: 7011

Re: High Cost of Fruits and Vegetables

Have you looked at frozen berries? They are much better than no berries at all.
by Christine_NM
Mon Mar 09, 2015 6:31 pm
 
Forum: Personal Consumer Issues
Topic: High Cost of Fruits and Vegetables
Replies: 126
Views: 7011

Re: When will / did you claim Social Security benefits?

I do not have all the nifty options that allow a person to say he's delaying till 70 while still collecting a spousal benefit. It is just my own work record. I answered the poll and I tried to remember my thinking collecting at 62. The most blatant reason was that there was talk going on about Socia...
by Christine_NM
Mon Mar 09, 2015 2:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: When will / did you claim Social Security benefits?
Replies: 146
Views: 10256

Re: SS # on check to pay Fed & State taxes?

I write full SSN on the back of the check. IIRC instructions say SSN belongs on check, unless it's changed recently.
by Christine_NM
Sun Mar 08, 2015 9:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: SS # on check to pay Fed & State taxes?
Replies: 8
Views: 818

Re: Is this ethical?

I never get these questions right, but seems to me the ethical issue is not that you found nice homes for the phones, but that Friend's Boss has not been informed. He may look like a poor manager when/if this is discovered. Or Boss may look clever, depending how it plays out. That risk is worth a lo...
by Christine_NM
Sat Mar 07, 2015 8:32 pm
 
Forum: Personal Consumer Issues
Topic: Is this ethical? [Selling company equipment to be disposed]
Replies: 41
Views: 1993

Re: Well made woman's shoe?

Take a look at UK's David Hotter shoes. Leather and soles are excellent quality. Fit is excellent, at least for me -- narrowish but take a medium. New pairs stretch minimally when you first wear them -- a sign of good leather, I'm told. I have 3 pairs that are all I wear now. Each pair comes with an...
by Christine_NM
Sat Mar 07, 2015 12:40 pm
 
Forum: Personal Consumer Issues
Topic: Well made woman's shoe?
Replies: 27
Views: 2059

Re: Does My Daughter Need A Prenup?

I'm not morally opposed to prenups, I just doubt the utility to protect an inheritance. Is she going to keep the money separate and not spend it, just in case she gets divorced? Or would the prenup put something like a "lien" on anything she buys with the money? If the intent is to preser...
by Christine_NM
Fri Mar 06, 2015 3:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does My Daughter Need A Prenup?
Replies: 175
Views: 5982

Re: Does My Daughter Need A Prenup?

A few hours ago I posted that I had no opinion on the prenup but was in favor of a father-daughter conversation about her inheritances. Now I find myself thinking, yes she does need a prenup. There are no substantive reasons presented against it, only rather wild threats of harm to relationships we ...
by Christine_NM
Fri Mar 06, 2015 3:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does My Daughter Need A Prenup?
Replies: 175
Views: 5982

Re: Does My Daughter Need A Prenup?

See what a prenup can and cannot do: http://www.nolo.com/legal-encyclopedia/prenuptial-agreements-what-law-allows-30283.html Note that in some states a prenup cannot set the terms for alimony and in no state can it set the terms for child support, child custody, or visitation. I have no particular o...
by Christine_NM
Fri Mar 06, 2015 12:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does My Daughter Need A Prenup?
Replies: 175
Views: 5982

Re: switching from Edward Jones

This is all so helpful. If I am paying the loads on two of the funds I'm in, then if I stop contributing to those funds, does it sell all of that and move the money to the new allocations? To my knowledge (this is how my plan worked) it would require two steps: one to exchange your current funds fo...
by Christine_NM
Thu Mar 05, 2015 8:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: switching from Edward Jones
Replies: 54
Views: 4495

Re: switching from Edward Jones

About the 401k choices - The asterisk * in each line adds up to 25 bp to each fund, so total cost is not yet known. Can you get this fee information without making a nuisance of yourself at work? If you have to ask someone and don't really want to, then we can go with the ER and ignore the possible ...
by Christine_NM
Thu Mar 05, 2015 7:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: switching from Edward Jones
Replies: 54
Views: 4495

Re: If you have $1 million...

I chose option 2, but I have always bought new cars, usually 4 cyl, and since the 80's I've kept each one more than 10 years.

To keep the portfolio big, keep the house and car small.
by Christine_NM
Thu Mar 05, 2015 5:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: If you have $1 million...
Replies: 65
Views: 6252

Re: switching from Edward Jones

Hi txgg - I just tried 800-962-5209 for new clients and there is a "we'll call you back" feature with a 30 minute wait. Call-back has worked fine for me with other companies. Edit to add: On the 401k expenses, the adviser who picked the funds should have provided clear cost information on ...
by Christine_NM
Thu Mar 05, 2015 3:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: switching from Edward Jones
Replies: 54
Views: 4495

Re: switching from Edward Jones

Questions: 1. Since we just got a windfall, I’m not used to thinking of having that available for investing. I’ve always thought of part of our emergency funds as also a small investment (in 3% dividend mutual funds). I know with the windfall, I’m going to owe extra taxes since they didn’t take out...
by Christine_NM
Thu Mar 05, 2015 2:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: switching from Edward Jones
Replies: 54
Views: 4495

Re: WHY YOU OWE YOUR FREEDOM TO JACK BOGLE

Levett wrote:"one of our inalienable rights is the freedom to pursue happiness"

I agree.

And I thank the founders of this country, not the founder of any financial institution.

I have great respect and admiration for John Bogle. And there it stops.

Lev


+1
by Christine_NM
Wed Mar 04, 2015 3:14 pm
 
Forum: Investing - Theory, News & General
Topic: SIGN PETITION for Jack Bogle's Presidential Medal of Freedon
Replies: 55
Views: 4479

Re: Increasing federal withhodings

Bob is right. Is it possible that you are using the term "federal withholding" to mean "total payroll deductions" including 401(k) contributions? So what you were really asking was, should I increase 401(k) contributions to max amount? The max is quite high now. It will not be po...
by Christine_NM
Wed Mar 04, 2015 11:46 am
 
Forum: Investing - Help with Personal Investments
Topic: Increasing federal withhodings
Replies: 5
Views: 343

Re: ...it is madness to risk losing what you need in pursuin

In the abstract, this sounds like wisdom. And it probably is in whatever context Buffett was discussing at the time. But we behave in exactly the opposite way. We are willing to pay and overpay for desires, but we expect our needs to be subsidized by society when the risk shows up. And that is anoth...
by Christine_NM
Tue Mar 03, 2015 3:59 pm
 
Forum: Investing - Theory, News & General
Topic: ...it is madness to risk losing what you need in pursuing wh
Replies: 48
Views: 5085

Re: Poll: Increasing international equities

Other - I increased intl in Dec and Jan from 15% to 20%. Don't anticipate further increase, but if I go for more I would pick Developed Markets (VEA). Intl Small Cap (VSS) is a nice idea but I dislike buying funds where I have never even heard of the underlying stocks, much less know anything about ...
by Christine_NM
Tue Mar 03, 2015 2:57 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: Increasing international equities
Replies: 58
Views: 3796

Re: Wife doesn't want to retire - I do

So now there are lots of possibilities open... I'm very conflicted. My wife say supportive things, but reading between the lines and reading her body language, I can tell she isn't excited ... Been following this, waiting to figure out what's going on. My best guess so far is that your wife's ambiv...
by Christine_NM
Mon Mar 02, 2015 7:50 pm
 
Forum: Personal Consumer Issues
Topic: Wife doesn't want to retire - I do
Replies: 65
Views: 6113

Re: Poll: Average E/R

11 bp including cash, indiv stock (no cost to own), and indiv bond

13 bp including only mutual funds that have er's.
by Christine_NM
Mon Mar 02, 2015 4:03 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: Average E/R [Expense Ratio]
Replies: 24
Views: 1328

Re: Dad Passed, Help Mom: Next Steps?

All of the OP suggestions sound complicated, inconvenient, and/or likely to run afoul of Medicaid. She may warm up to a specific plan that involves selling the house and buying another one with you, and all of you living together. That seems helpful to both you and her, but I am not sure if that kee...
by Christine_NM
Sun Mar 01, 2015 7:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Dad Passed, Help Mom: Next Steps?
Replies: 29
Views: 2664
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