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Re: Odds of portfolio survival = 90%; odds of my survival =

This is a fascinating thread. Hopefully we will not let it degenerate to a pet food vs whatever other options there are. Thanks, scone, for telling it as it really is. I'd stop before the aspirin. I am going for quality rather than quantity of life. It is better to die a little early than let my bod...
by Christine_NM
Wed Dec 17, 2014 3:25 pm
 
Forum: Investing - Theory, News & General
Topic: Odds of portfolio survival = 90%; odds of my survival = 0.1%
Replies: 143
Views: 6735

Re: A perfect profession

Thanks for the warning. I'll continue to wear sunglasses 8-) while shopping. Online I use AdBlockPlus.
by Christine_NM
Mon Dec 15, 2014 2:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: A perfect profession
Replies: 55
Views: 4679

Re: Is the collapse of oil price a "black swan"?

It's not a black swan yet but if it continues much further it has potential. I regularly paid $0.26 cents a gallon for my first car in 1965. Only one station priced it that low, others were a couple cents higher. That inflates to $1.96 today. Gas is selling in my city for $2.05-$2.49 in the last 24 ...
by Christine_NM
Sat Dec 13, 2014 1:53 pm
 
Forum: Investing - Theory, News & General
Topic: Is the collapse of oil price a "black swan"?
Replies: 87
Views: 7532

Re: Very strange burglary

My guess is that it is someone who watches the neighborhood for new arrivals and breaks in just to look around. That happened to me once -- that's how I lost what little jewelry I had.

Get new credit cards -- the numbers may have been taken if not the cards.
by Christine_NM
Fri Dec 12, 2014 9:16 pm
 
Forum: Personal Consumer Issues
Topic: Very strange burglary
Replies: 41
Views: 4659

Re: Retirees: Withdrawals by time and amount

Basically, I keep a small cash account that I use for bills, when that gets low I sell off from my funds. Sometimes I'll sell off when there's been a big run up, essentially a mini-rebalancing. Don't do any lump sum moves based on time. Net, net as I need it, I take it. I'm not majorly into number ...
by Christine_NM
Thu Dec 11, 2014 2:08 pm
 
Forum: Investing - Theory, News & General
Topic: Retirees: Withdrawals by time and amount
Replies: 36
Views: 3400

Re: Retirees: Withdrawals by time and amount

As a retiree, I was curious as to how fellow retirees withdraw from their portfolios. I know this is a broad question, but do you tend to withdraw a certain amount every given time period, lump sum once a year, vary the amount not based on time, never withdraw, etc. Please talk about how you go abo...
by Christine_NM
Thu Dec 11, 2014 11:28 am
 
Forum: Investing - Theory, News & General
Topic: Retirees: Withdrawals by time and amount
Replies: 36
Views: 3400

Re: Poll: Your Portfolio Tax Diversification

65% taxable
30% trad IRA
05% Roth IRA

voted not close
by Christine_NM
Thu Dec 11, 2014 1:38 am
 
Forum: Investing - Theory, News & General
Topic: Poll: Your Portfolio Tax Diversification
Replies: 45
Views: 2417

Re: Pension Help

G2-
Not clear that company will go bust. Most likely trying to time low interest rates and use accumulated cash?
by Christine_NM
Thu Dec 11, 2014 1:25 am
 
Forum: Personal Finance (Not Investing)
Topic: Pension Help
Replies: 22
Views: 1282

Re: Pension Help

I would take the lump sum now. It appears the company wants to clean up its pension obligations, and the first offer is likely to be their best.
by Christine_NM
Thu Dec 11, 2014 12:32 am
 
Forum: Personal Finance (Not Investing)
Topic: Pension Help
Replies: 22
Views: 1282

Re: Why don't YOU follow Buffett's advice?

I did follow it for a long time (1983-2002) -- and it worked great. Then I found Balanced Index Admiral Shares and it was love at first sight. That also works great. Same principles apply. You gotta know the principles and then you know what your boundaries are. I'd be thrown off by the magnitude of...
by Christine_NM
Wed Dec 10, 2014 3:39 pm
 
Forum: Investing - Theory, News & General
Topic: Why don't YOU follow Buffett's advice?
Replies: 114
Views: 7619

Re: FICA in Retirement

I retired with a pension and vacation pay accrued. It took 2 months to get on a regular pension schedule. No one said they were "using" my pension for payroll taxes but I got interim pensions checks for a lesser amount. My company was very experienced with pensions and their overall accoun...
by Christine_NM
Mon Dec 08, 2014 12:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: FICA in Retirement
Replies: 10
Views: 1611

Re: Helping my dad with his portfolio

malibu - I sympathize with you and your Dad. If Dad is reluctant to move the IRA yet again, one idea that I have not seen yet is to open a separate IRA at Vanguard for 2015. Do not add to EJ next year. Get familiar with how Vanguard works and then do the transfer a year from now. Get it straight wit...
by Christine_NM
Sat Dec 06, 2014 2:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Helping my dad with his portfolio
Replies: 52
Views: 2507

Re: [Poll] What's Your Tax Prep Strategy?

I use a CPA. As returns go, mine is not complex. But I did it all myself while working and now this is one of my little retirement luxuries. The firm is also executor of my will so doing my taxes keeps them up to date on my portfolio.
by Christine_NM
Tue Dec 02, 2014 6:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Poll] What's Your Tax Prep Strategy?
Replies: 62
Views: 3288

Re: Retirees: Why worry?

B- Yes, I realize I was lucky. I took the job for the vacation benefit (not too far-sighted) and the other benefits came with it. Retirement planning for today's workers is more difficult. There seem to be more forces working against employees than for them. My company (LMT) no longer offers a pensi...
by Christine_NM
Tue Dec 02, 2014 6:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retirees: Why worry?
Replies: 25
Views: 2912

Re: Retirees: Why worry?

Current retirees have had the best of all possible worlds. Especially those born a little before the Boomers. We had: Generous benefit packages, including pensions Low real estate prices in the 60's and 70's Booming stock and bond markets during working years (basically until 2008) 70's inflation s...
by Christine_NM
Tue Dec 02, 2014 5:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retirees: Why worry?
Replies: 25
Views: 2912

Re: Retirees: Why worry?

Current retirees have had the best of all possible worlds. Especially those born a little before the Boomers. We had: Generous benefit packages, including pensions Low real estate prices in the 60's and 70's Booming stock and bond markets during working years (basically until 2008) 70's inflation st...
by Christine_NM
Tue Dec 02, 2014 4:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retirees: Why worry?
Replies: 25
Views: 2912

Re: Helping adult child understand investing

Age 32 is not exactly over the hill. But the sooner she starts on something like an L fund and a Vanguard IRA, the less likely she will be swayed by some fast talking boyfriend/salesperson into doing something stupid with her money, like picking stocks or buying variable annuities. Anyone with a lit...
by Christine_NM
Mon Dec 01, 2014 5:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Helping adult child understand investing
Replies: 23
Views: 1853

Re: Make an Efund/college fund mix

An emergency fund should be in cash; a college fund when kids are young should be in equities if you don't want every nickel of tuition to come out of your salary. There's an incompatibility between these two goals (time unknown vs. time pretty certain). You could just throw the money into a taxable...
by Christine_NM
Mon Dec 01, 2014 11:36 am
 
Forum: Investing - Help with Personal Investments
Topic: Make an Efund/college fund mix
Replies: 11
Views: 760

Re: Life changing decision... advice needed!

You have to decide if this is a good life decision. I can't help there. The financial part is easy. Try living on 55K/12 for a few months and see how it goes, before you quit. With 4 days left this is not feasible, but maybe you should postpone if you are not 120% sure about this. I'm sorry, but any...
by Christine_NM
Sun Nov 30, 2014 3:58 am
 
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 91
Views: 10709

Re: Proper use of a barbell portfolio

Too little diversification and too much currency risk. Costs may be higher than broad index funds. With better diversified equity you don't need 50% bonds until you quit the game. ETA: Too many holes (sectors not held) where this portfolio will miss market performance and constantly be scrambling to...
by Christine_NM
Sat Nov 29, 2014 6:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Proper use of a barbell portfolio
Replies: 13
Views: 1497

Re: POLL: Attitude Towards Risk

A to get the sure gain and D to avoid the sure loss. I think I'm regular people...

ETA - I voted before the give-away answer was posted and I had not read it when I wrote the above. But I've read my Kahnemann and that's how I voted.
by Christine_NM
Wed Nov 26, 2014 5:12 pm
 
Forum: Investing - Theory, News & General
Topic: POLL: Attitude Towards Risk
Replies: 75
Views: 3948

Re: Paying my parents a salary not to touch their nest egg

I would not set anything in stone just yet. Your parents are still young in retirement terms. You have no idea what their future needs will be, or for that matter your own needs or your children's needs. Save the money by all means, and let it compound for the next 20-30 years and then see who needs...
by Christine_NM
Wed Nov 26, 2014 10:10 am
 
Forum: Personal Finance (Not Investing)
Topic: Paying my parents a salary not to touch their nest egg
Replies: 50
Views: 4428

Re: 75 year old assistance

Beg pardon, but the question is not the state of the market, it is what you need in terms of both income and mental security. Do not invest if it will cause you to ruin your retirement worrying about a loss that may never happen. Each of us knows only our personal circumstances. We know nothing abou...
by Christine_NM
Sun Nov 23, 2014 5:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: 75 year old assistance
Replies: 14
Views: 1106

Re: Should we tip the caregiver

It would be a gift from your wife to the caregiver as a thank-you for taking care of her Mother. A will or trust says how the money should be bequeathed, but not how heirs should or should not spend it. OK, a trust can control the spending but apparently MIL did not officially exclude payment. Also,...
by Christine_NM
Thu Nov 20, 2014 1:45 pm
 
Forum: Personal Consumer Issues
Topic: Should we tip the caregiver
Replies: 26
Views: 1890

Re: Extreme Generosity / Limiting Net Worth

I give what I consider a lot to individuals and charities, both now and in my will. I am not looking for a feel-good return to me. Giving has increased as I see more need and when I have more than enough. The following is not a personal criticism but just my thoughts as I read the OP. Your plan has ...
by Christine_NM
Sun Nov 16, 2014 5:35 pm
 
Forum: Personal Consumer Issues
Topic: Extreme Generosity / Limiting Net Worth
Replies: 113
Views: 14740

Re: fidelity refusing custodian custodian rollover

Fido has been like that for at least 20 years. You can transfer the 401k to a Fidelity IRA and then do a custodian to custodian transfer to a Vanguard IRA. No checks involved. I did this in 2008. If you want to move this 401k to an existing Vanguard 401k you will have to do the check thing. It's pro...
by Christine_NM
Sat Nov 15, 2014 3:40 am
 
Forum: Personal Finance (Not Investing)
Topic: fidelity refusing custodian custodian rollover
Replies: 37
Views: 3689

Re: Not qualified for my job - what to do?

I was a software developer and I figured none of my project managers knew a thing about my work. How could they. All they knew was if customers were satisfied with what was done. The best manager I had would always say, let's get the managers agreed on specs quickly so the techs can start doing the ...
by Christine_NM
Sat Nov 15, 2014 2:03 am
 
Forum: Personal Finance (Not Investing)
Topic: Not qualified for my job - what to do?
Replies: 42
Views: 5057

Re: Investing Advice on the Radio - Wish they would go away

Gee whiz, she was just trying to help. I have to laugh at Bogleheads who complain their wives take no interest. You don't get it, they are trying to keep the peace and avoid inevitable arguments that you will insist on winning. Your wives are saints. If I was married to a BH instead of being a BH, I...
by Christine_NM
Thu Nov 13, 2014 2:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Investing Advice on the Radio - Wish they would go away
Replies: 22
Views: 2493

Re: I'm Scared! Vanguard Target Retirement 2015 - What to d

Hi Luann - I retired 9 years ago with similar pension and SS. A little fear is quite appropriate. Fear will serve you much better than overconfidence. You really dodged a bullet with that annuity salesperson. Congratulations. I could make up the difference between expenses and pension with (1) early...
by Christine_NM
Sun Nov 09, 2014 7:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: I'm Scared! Vanguard Target Retirement 2015 - What to do!
Replies: 39
Views: 7773

Re: Job Satisfaction and Risk Tolerance

Risk tolerance is more ingrained in one's being than current job satisfaction. Years ago, when I first took Vanguard's risk tolerance quiz, that bar chart of low, medium, and high risk/reward, possible gain/loss, put me square in the medium category. High and low risk leave too much room for regret ...
by Christine_NM
Sat Nov 01, 2014 1:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Job Satisfaction and Risk Tolerance
Replies: 9
Views: 920

Re: Mold, mold, mold!!! In Massachusetts..

Google "Massachusetts Sanitary Code". Chapter II. Sounds like a lot of trouble to fix if you have an unwilling landlord. Bleach alone won't do it. I'd insist on termination of the lease and repayment of deposit in exchange for not reporting substandard rental to whatever state agency is in...
by Christine_NM
Tue Oct 28, 2014 5:43 pm
 
Forum: Personal Consumer Issues
Topic: Mold, mold, mold!!! In Massachusetts..
Replies: 18
Views: 2300

Re: POLL: Gross Annual Retirement Income Before Taxes

OP asked for the total of several sources of income. He didn't ask for a list of expenses, like how much do you spend on housing, food, travel, etc. I answered accordingly but it bears no relationship to what I spend. OP might want to know the ballpark retirement income to see if he is on the playin...
by Christine_NM
Tue Oct 28, 2014 4:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: Gross Annual Retirement Income Before Taxes
Replies: 25
Views: 2021

Re: Career Advice for an Unhappy Young Doctor?

It could be that she just vents to you feelings that she can't express elsewhere. Doctors do love to complain. They go on about difficult residencies for decades after completion. It seems to be an experience that leaves a mild PTSD effect. Anyway, does she need more advice or is taking others' advi...
by Christine_NM
Mon Oct 27, 2014 10:32 am
 
Forum: Personal Finance (Not Investing)
Topic: Career Advice for an Unhappy Young Doctor?
Replies: 116
Views: 13549

Re: Vanguard, TIPs, Accrued Interest & RMDs

plannerman wrote:
chaz wrote:Vanguard computes my RMD amount for me.


They computed my wife's for her and it was incorrect--that's what started this discussion.

plannerman


OK, I'll bite. Are you saying that Mrs. Plannerman's RMD was understated by the amount of accrued interest on TIPs held in her IRA?
by Christine_NM
Sun Oct 26, 2014 2:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard, TIPs, Accrued Interest & RMDs
Replies: 22
Views: 1815

Re: Best health insurance plan for a bad year (cancer)?

Another question, what are the possibilities of changing plans in the future? You don't want to get stuck with a suboptimal plan (not sure which that would be) just because of one year. And would you be dealing with the same hospitals and doctors regardless of the plan you choose? There will be a lo...
by Christine_NM
Sat Oct 25, 2014 2:38 am
 
Forum: Personal Finance (Not Investing)
Topic: Best health insurance plan for a bad year (cancer)?
Replies: 30
Views: 2433

Re: $50,000 in Private Loans for Nursing Degree

You can judge how good this program is, aside from cost and buzz, by finding out if the average state boards scores of graduates is significantly above passing. The proof is in pudding, as they say. I went to a 3 yr nursing school at Yale-New Haven in the Dark Ages. My class's scores were clustered ...
by Christine_NM
Sat Oct 25, 2014 2:04 am
 
Forum: Personal Finance (Not Investing)
Topic: $50,000 in Private Loans for Nursing Degree
Replies: 34
Views: 3207

Re: investing during retirment

Todd - Have you considered the Vanguard Managed Payout fund? This will return a fixed amount at fixed intervals, monthly or whatever (I think, check to be sure). In down markets this will involve returning some principal to you, but you would do the same manually if you sold shares to meet expenses....
by Christine_NM
Thu Oct 23, 2014 12:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: investing during retirment
Replies: 20
Views: 2096

Re: Gross Yearly Income needed in Retirement (Speculation)

First year of retirement I spent $36000 gross. This year, the 9th, it will be about $54000 gross. The prices go up a little each year. And each year I feel freer to spend/give more, because I have not touched my own savings yet. I have $53000 in pension, SS, and annuity. So next year maybe I'll star...
by Christine_NM
Wed Oct 22, 2014 5:02 am
 
Forum: Personal Finance (Not Investing)
Topic: Gross Yearly Income needed in Retirement (Speculation)
Replies: 159
Views: 13111

Re: Is FSA retroactive for child birth?

jay -

Can you go above HR to the real "head of company"? Sounds like HR needs to be ordered from above to actually do a little work and make an exception. Good luck with your baby.
by Christine_NM
Tue Oct 21, 2014 1:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is FSA retroactive for child birth?
Replies: 8
Views: 761

Re: You may be getting charged rent for a router/modem you o

Comcast seems to have gotten even worse lately, if that's possible. A couple of years ago I got a letter saying I'd start being charged for my modem which, the letter implied, I had somehow stolen from Comcast and was using scot-free. I was hesitant to call the 800 number knowing that a charge for s...
by Christine_NM
Mon Oct 20, 2014 12:45 pm
 
Forum: Personal Consumer Issues
Topic: You may be getting charged rent for a router/modem you own
Replies: 34
Views: 4177

Re: Health care tilt

Agree with your analysis with some caveats. Distribution of new products where they are needed seems to be even more intractable than R&D. Either it's like Africa, with resistant governments and communities, or it's need for profit like US drug prices, or.. I'm sure there are more problems, but ...
by Christine_NM
Sat Oct 18, 2014 3:36 pm
 
Forum: Investing - Theory, News & General
Topic: Health care tilt
Replies: 77
Views: 4113

Re: First investment strategy meeting with new FA, $6M trust

The only thing worse that can be said is: "...this adviser is a member of our church." If there is a single investment plan for the three trusts, why not "park" the money in the Vanguard Tax Managed Balanced Fund? You'll have about 50% blue chip USA stocks (these companies have ...
by Christine_NM
Fri Oct 17, 2014 4:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: First investment strategy meeting with new FA, $6M trusts
Replies: 80
Views: 4902

Re: Your personal risk level: Got your flu shot yet?

I got my first flu shot ever last week. Immune system doesn't work well when you get older, so I finally caved after getting my first cold in decades last spring. I used to work in a hospital so didn't catch anything in the real world. Just a warning, the arm where it was injected lost some muscle ...
by Christine_NM
Thu Oct 16, 2014 4:23 am
 
Forum: Personal Consumer Issues
Topic: Your personal risk level: Got your flu shot yet?
Replies: 93
Views: 3251

Re: Your personal risk level: Got your flu shot yet?

I got my first flu shot ever last week. Immune system doesn't work well when you get older, so I finally caved after getting my first cold in decades last spring. I used to work in a hospital so didn't catch anything in the real world. Just a warning, the arm where it was injected lost some muscle p...
by Christine_NM
Thu Oct 16, 2014 1:10 am
 
Forum: Personal Consumer Issues
Topic: Your personal risk level: Got your flu shot yet?
Replies: 93
Views: 3251

Re: Need Suggestions for Vanguard Fund Investments

arca -

I think you are wise to just hold the cash till you have a steady income. You can't afford loss right now. Good luck with the job hunting.
by Christine_NM
Thu Oct 16, 2014 12:28 am
 
Forum: Investing - Help with Personal Investments
Topic: Need Suggestions for Vanguard Fund Investments
Replies: 19
Views: 1694

Re: Tax Loss Harvesting - help

You can buy 1 day and sell the next.. as long as you don't buy it for 31 days after you sell it..Make sure you sell all of your shares that were made in the past 30 or 31 days.. Not true. The wash sale rule in a nutshell is purchase 30 days before or after day of sale disallows tax loss. See: http:...
by Christine_NM
Wed Oct 15, 2014 1:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting - help
Replies: 12
Views: 483

Re: Tax Loss Harvesting - help

You can buy 1 day and sell the next.. as long as you don't buy it for 31 days after you sell it..Make sure you sell all of your shares that were made in the past 30 or 31 days.. Not true. The wash sale rule in a nutshell is purchase 30 days before or after day of sale disallows tax loss. See: http:...
by Christine_NM
Wed Oct 15, 2014 1:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting - help
Replies: 12
Views: 483

Re: Hold My Hand - I Am Rebalancing

Can you keep track of your rebalancing, so that you know that you are buying a stock fund at a lower fund NAV than you sold the same fund a quarter ago? And if the prices aren't that different (bands not met) don't bother. That might help. You would at least be lowering your cost basis, if not neces...
by Christine_NM
Wed Oct 15, 2014 11:52 am
 
Forum: Investing - Help with Personal Investments
Topic: Hold My Hand - I Am Rebalancing
Replies: 20
Views: 1287

Re: Calculating RMDs

Vanguard computes the RMD for me. +1 Any other IRA custodian should provide the same service. This is not supposed to be a DIY calculation. Sure it is. And by calculating it myself, I caught an error one financial institution made. They overspecified, but they could have underspecified and landed m...
by Christine_NM
Sun Oct 12, 2014 12:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Calculating RMDs
Replies: 14
Views: 1953

Re: Calculating RMDs

chaz wrote:Vanguard computes the RMD for me.


+1

Any other IRA custodian should provide the same service. This is not supposed to be a DIY calculation.
by Christine_NM
Sat Oct 11, 2014 4:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Calculating RMDs
Replies: 14
Views: 1953
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