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Re: Bond mutual fund vs individual bonds

Several years ago I used a 5 year ladder of Treasuries (which Annette Thau described as a do-it-yourself mutual fund). This worked well. With the drop in interest rates, I switched to Vanguard Total Bond Market Index Fund, aware of the quality difference. I believe that this is partially compensated...
by LarryG
Sun Apr 20, 2014 4:40 pm
 
Forum: Investing - Theory, News & General
Topic: Bond mutual fund vs individual bonds
Replies: 13
Views: 1219

Re: Poll: When did you retire? Would you do it all over agai

I retired at age 68, after a great career as a surgical pathologist. I would do it over again!
LarryG
by LarryG
Mon Mar 10, 2014 2:08 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: When did you retire? Would you do it all over again ?
Replies: 103
Views: 10706

Re: Reporter doing story on IRS Audits

My one audit occurred a few years after I finished my fellowship and residency. After trying to get me to say that the fellowship was paid for me doing actual work (instead of research), the agent admitted that they audited me because they never heard of a doctor having no taxable income. I doubt if...
by LarryG
Sat Mar 08, 2014 12:14 am
 
Forum: Investing - Theory, News & General
Topic: Reporter doing story on IRS Audits
Replies: 11
Views: 1226

Re: Buy vs rent no longer relevant?

Sal Khan (Khan Academy) recently posted an analysis of buy vs. rent. His conclusion was that renting an equivalent priced home was a better choice
LarryG.
by LarryG
Fri Mar 07, 2014 11:20 am
 
Forum: Personal Finance (Not Investing)
Topic: Buy vs rent no longer relevant?
Replies: 60
Views: 5850

My Fair Share

Jack Bogle stated “ I’ll earn my fair share. That’s good enough for me.” I I I I examined how my IRA performed since I retired in 1998 at the age of 68. Although I read about the theories and complexities of portfolio management, I learned about the Bogleheads shortly after I retired and have follow...
by LarryG
Tue Mar 04, 2014 12:07 pm
 
Forum: Investing - Theory, News & General
Topic: My Fair Share
Replies: 2
Views: 441

Re: Safe Withdrawal Rate

I retired Dec. 31, 1998. My withdrawal rate has varied between 4.2% and 6.1% The higher numbers are a result of RMDs. My portfolio value Dec. 31, 2013 was 5.1% higher than the day I retired. I have not tried to adhere to any set amount, but in recent years the RMDs have caused me to take more than w...
by LarryG
Mon Feb 17, 2014 1:15 am
 
Forum: Investing - Theory, News & General
Topic: Safe Withdrawal Rate
Replies: 91
Views: 5805

Re: Do Retirees have Emergency Funds ?

Retired 15 years. Like you I have no specific emergency fund. I put excess RMD in limited term municipal bond fund which in my mind would act like an emergency fund. If that was not enough, I would take more from my IRA.
LarryG
by LarryG
Mon Jan 27, 2014 12:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do Retirees have Emergency Funds ?
Replies: 36
Views: 1959

Safe harbor not so safe

To avoid penalties, I have both my federal and state tax withheld at 100% of the previous year amount.
TurboTax indicated that I owed a penalty on my present federal tax return. The amount is small so I am not going to try to rectify this.
Is this a TurboTax error?
LarryG
by LarryG
Fri Jan 24, 2014 1:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Safe harbor not so safe
Replies: 1
Views: 400

Re: TAYLOR'S UPCOMING 90th BIRTHDAY

Happy Birthday, my friend.
I appreciate all you have done for me, but most of all I appreciate having your friendship.
Larry Gottlieb
by LarryG
Thu Jan 23, 2014 11:31 am
 
Forum: Local Chapters and Bogleheads Community
Topic: Taylor's 90th Birthday
Replies: 272
Views: 12671

Re: Who Invests 100% in Passive Index Funds/ETFs

It took me time, but at present I am 99.8% in index funds. The non-indexed are a municipal bond fund and I bonds.
LarryG
by LarryG
Sat Jan 18, 2014 3:46 pm
 
Forum: Investing - Theory, News & General
Topic: Who Invests 100% in Passive Index Funds/ETFs
Replies: 79
Views: 5391

Re: Starting Roth IRA

Thank you for your responses. I thought about an emergency fund, but with her limited income I suspect that any real emergencies will be covered by her parents or grandparents. With the small amount that 10% of her income amounts to, this is more of an educational adventure than "big money"...
by LarryG
Sat Jan 18, 2014 3:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Starting Roth IRA
Replies: 7
Views: 540

Starting Roth IRA

My 18 year old granddaughter has completed her first year of part time gainful employment. I am considering starting a Roth IRA for her. She has discussed compound interest with me so I suspect that she may understand the value of investing at her young age. She will read “Bogle on Mutual Funds” and...
by LarryG
Thu Jan 16, 2014 7:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Starting Roth IRA
Replies: 7
Views: 540

Re: High Earners - What's Your Profession?

Retired physician. RMD is twice what I earned when working.
LarryG
by LarryG
Sun Jan 12, 2014 11:48 am
 
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 334
Views: 22774

Re: What you wish you had known entering your late 20's

That I was going to make it into my 80s.
Larry
by LarryG
Fri Jan 03, 2014 3:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: What you wish you had known entering your late 20's
Replies: 100
Views: 9278

Re: REGISTRATION FOR THE 2014 BOGLEHEAD CONTEST

1930-a good year
LarryG
by LarryG
Thu Jan 02, 2014 12:53 pm
 
Forum: Investing - Theory, News & General
Topic: REGISTRATION FOR THE 2014 BOGLEHEAD CONTEST
Replies: 525
Views: 10653

Re: "John Bogle on All-In Investment Expenses"

It is amusing to read the comments that sound like advisors attempting to defend expenses.
LarryG
by LarryG
Thu Dec 26, 2013 3:55 pm
 
Forum: Investing - Theory, News & General
Topic: "John Bogle on All-In Investment Expenses"
Replies: 13
Views: 1771

Re: Bryn Mawr [College]

Thank you all for your replies. Unfortunately it is too late for visits. Her school financing seems to be taken care of by grants from the schools she is considering and a fair size 529 plan. It is interesting to find that out-of-state tuition by some of the state universities (along with lower gran...
by LarryG
Thu Dec 19, 2013 1:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Bryn Mawr [College]
Replies: 68
Views: 3961

Bryn Mawr [College]

My high school senior granddaughter is thinking about applying to Bryn Mawr College as her first choice.
Any information from bogleheads
LarryG
by LarryG
Wed Dec 18, 2013 1:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Bryn Mawr [College]
Replies: 68
Views: 3961

[World War II] Battle of the Bulge

Tomorrow, December 16, is the 69th anniversary of the beginning of the Battle of the Bulge. This became personal to me when I heard the story about a teenager in the 101st airborne division who was positioned as a forward mortar observer on a hill. He heard the sound of motors in the fog and when it...
by LarryG
Sun Dec 15, 2013 11:51 am
 
Forum: Local Chapters and Bogleheads Community
Topic: [World War II] Battle of the Bulge
Replies: 30
Views: 2430

Re: Why I will use Target Retirement for the foreseeable fut

I have transferred my IRA to Vanguard Target Retirement Income Fund for another reason. I had a relatively simple portfolio of index funds, but when I saw a neighbor having problems with the mix of the stocks and funds her husband left to her, I decided to simplify even more. My wife agreed that thi...
by LarryG
Wed Nov 20, 2013 3:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why I will use Target Retirement for the foreseeable future.
Replies: 38
Views: 3624

Re: Planning my death

I am much older than you. After watching a neighbor struggle with the large number of funds and stocks that her husband left, I transferred my relatively few funds in my IRA to Vanguard Target Retirement Income Fund. Our taxable account is in a money market and a municipal bond fund. My wife is comf...
by LarryG
Tue Nov 12, 2013 10:37 am
 
Forum: Personal Finance (Not Investing)
Topic: Planning my death
Replies: 41
Views: 3344

Re: More or less in retirement than when working?

My retirement income is double what I earned when working.
LarryG
by LarryG
Wed Nov 06, 2013 12:34 am
 
Forum: Personal Finance (Not Investing)
Topic: More or less in retirement than when working?
Replies: 69
Views: 4829

Re: Poll for 65+ Seniors

I am 83 and have about 33% equities. The Vanguard Target Retirement Income Fund maintains close to 30/70 equities to bond.
LarryG
by LarryG
Sat Nov 02, 2013 11:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Poll for 65+ Seniors
Replies: 41
Views: 4559

Re: RMDS withholding for entire tax liabilty at year end?

As Mel indicated many of us have Vanguard (or other entities) withhold our entire tax due in December. I attended a talk by an accountant several years ago and he stated that this was accepted by the IRS. This year Vanguard indicated that my state (WI) income tax could be withheld. I called the WI t...
by LarryG
Sat Nov 02, 2013 11:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: RMDS withholding for entire tax liabilty at year end?
Replies: 32
Views: 2020

Re: "Take your RMD soon to avoid an IRS penalty."

In addition to using the December RMD withdrawal to pay federal withholding tax, Vanguard now will pay state withholding tax.
I checked with the Wisconsin Income Tax Office to see if they (like the feds) considered the one annual withholding to cover the entire year. They said yes.

LarryG
by LarryG
Tue Oct 22, 2013 10:54 am
 
Forum: Investing - Theory, News & General
Topic: "Take your RMD soon to avoid an IRS penalty."
Replies: 24
Views: 1959

Re: RETIREE POLL: How do you withdraw?

All of my living expenses are from my IRA. I withdraw equal amounts in April, July, and October. I have my total estimated tax withheld in December and the balance (to satisfy my RMD) is withdrawn.
All withdrawals are transferred to our taxable money market fund.
LarryG
by LarryG
Fri Oct 11, 2013 12:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retiree Poll: How do you withdraw?
Replies: 30
Views: 2962

Re: RMDs not far away for me

I chose to have Vanguard calculate my RMD. I then made withdrawals from the fund(s) to rebalance my asset allocation. The proceeds were deposited into my taxable account. In December I had Vanguard withhold my income tax from the distribution.
Simple.
LarryG
by LarryG
Sat Aug 31, 2013 10:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: RMDs not far away for me
Replies: 38
Views: 2814

Re: Dremel variable speed rotary tool

I use my dremel often. The tools that I use are, the sanding drum, grinder bits, and the saw blade. "Google" Dremel and you will see the various kits available. It's a good tool for small projects.
LarryG
by LarryG
Wed Aug 21, 2013 3:55 pm
 
Forum: Personal Consumer Issues
Topic: Dremel variable speed rotary tool
Replies: 15
Views: 874

Re: Lasik at Age 56

My son had it done about 2 years ago at age 52 and he is delighted with the results.
LarryG
by LarryG
Sun Aug 18, 2013 8:15 pm
 
Forum: Personal Consumer Issues
Topic: Lasik at Age 56
Replies: 6
Views: 899

Re: Could your spouse manage your portfolio?

After watching a friend struggle with a "mess" of multiple funds and stocks left by her husband, my wife and I decided to simplify. My portfolio was relatively simple but there were about six funds After getting a positive response from my two advisors, Taylor and Mel, we decided to transf...
by LarryG
Sat Aug 17, 2013 2:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Could your spouse manage your portfolio?
Replies: 62
Views: 3609

Re: Who manages your finances? Him/Her/Both?

My wife handles all finances except investments which I handle. I also do state and federal income tax returns.
I do consult my wife before making any changes in investments.
Larry G
by LarryG
Mon Aug 12, 2013 2:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Who manages your finances? Him/Her/Both?
Replies: 58
Views: 2745

Re: RMD once a month or once a year?

Unlike some of you, I do need my RMD for living expenses. I take quarterly distributions with my withholding taken from my December withdrawal. Just this year Vanguard will withhold my state (Wisconsin) tax.
LarryG
by LarryG
Tue Jul 23, 2013 7:12 pm
 
Forum: Investing - Theory, News & General
Topic: RMD once a month or once a year?
Replies: 15
Views: 1670

Helping Others [Donating to Charity]

This is an email that I received from a friend who is executive director of a charitable organization in the Dallas area. It is good to see what local groups can do to help the needy people in their area. "On a personal note, thank you and Beverly for your generous donation to Mission Central a...
by LarryG
Tue Jul 23, 2013 11:06 am
 
Forum: Personal Consumer Issues
Topic: Helping Others [Donating to Charity]
Replies: 1
Views: 287

Re: Percentage of Tax Deferred/Taxable in your portfolio?

Something happened to my first reply. I am about 98% in tax deferred. This is a result of having a large percentage of my income placed in a pension plan. I was a member of a small professional corporation and we were able to determine how much of our income could be contributed to our pension plan....
by LarryG
Mon Jul 08, 2013 11:54 am
 
Forum: Investing - Help with Personal Investments
Topic: Percentage of Tax Deferred/Taxable in your portfolio?
Replies: 20
Views: 1090

Re: WSJ's Zweig: Saving Investors From Themselves

Taylor,
Thank you for providing the link to Jason Zweig's article about our meeting. It brought back very nice memories.
Best Regards
LarryG
by LarryG
Wed Jul 03, 2013 10:11 pm
 
Forum: Investing - Theory, News & General
Topic: WSJ's Zweig: Saving Investors From Themselves
Replies: 23
Views: 3595

Re: Squirrel Proofing a Bird Feeder

We use the Woodlink Audubon wrap around squirrel guard (Amazon) on our feeders and they are entirely squirrel proof. In the past I put lengths of stove pipe on poles and they also worked. It's important to place the feeders where the squirrels can't jump to them.
Larry
by LarryG
Thu Jun 06, 2013 10:22 am
 
Forum: Personal Consumer Issues
Topic: Squirrel Proofing a Bird Feeder
Replies: 36
Views: 2826

Re: Forbes Story How Retirees Pay Zero Taxes

On the other hand, As a retiree (14 years) my income is entirely from IRA and Social Security. My IRA is a rollover from my pension plan. I was able to contribute a relatively large amount to the pension plan because I was in a small professional corporation. The contributions were before taxes. Now...
by LarryG
Thu Jun 06, 2013 10:11 am
 
Forum: Personal Finance (Not Investing)
Topic: Forbes Story How Retirees Pay Zero Taxes
Replies: 34
Views: 4091

Re: How do we protect asset from our aging selves?

Thanks Keith,
I knew that if I stood on the corner looking confused, a nice boyscout would help me cross the street.

LarryG
by LarryG
Wed Feb 27, 2013 12:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: How do we protect assets from our aging selves?
Replies: 22
Views: 2553

Re: How do we protect asset from our aging selves?

This is a video on the Morningstar website. I wish that I could enter the link, but having reached the 80s, I forgot how to do it. LarryG How to Spot Con Men Before They Spot You Doug Shadel of the AARP provides a detailed outline of common scams and tactics con men use, reasons investors fall for t...
by LarryG
Tue Feb 26, 2013 3:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: How do we protect assets from our aging selves?
Replies: 22
Views: 2553

Re: Oblivious Investor: "Preparing Your Spouse to Manage . .

Even though I had a simple 4 (Vanguard) fund portfolio, I simplified it further after "discussing" it with a few of my favorite Bogleheads. I transferred all of my IRA funds to Vanguard Target Retirement Income Fund. My non-Ira account is a joint account with my wife in which Limited Term ...
by LarryG
Mon Feb 25, 2013 4:13 pm
 
Forum: Investing - Theory, News & General
Topic: Oblivious Investor: "Preparing Your Spouse to Manage . . ."
Replies: 15
Views: 1878

Re: Turbotax and Charities

Thanks to all for their responses. TT will be easier for me next year and hopefully for those who read this thread before they use TT
LarryG
by LarryG
Thu Jan 31, 2013 12:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Turbotax and Charities
Replies: 14
Views: 1097

Turbotax and Charities

Turbotax required the name, address, date and amount of each cash charitable contribution this year. Entering this took more time than the entire remainder of turbotax. This information did not appear on my tax form and the total was on schedule A. I decided that next year I would enter all contribu...
by LarryG
Wed Jan 30, 2013 12:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Turbotax and Charities
Replies: 14
Views: 1097

Re: Charitable Contributions

Thank you for your replies. I will look at my state return to see if there is a difference.
LarryG
by LarryG
Wed Jan 16, 2013 11:31 am
 
Forum: Investing - Help with Personal Investments
Topic: Charitable Contributions
Replies: 4
Views: 398

Charitable Contributions

Vanguard will make my charitable contributions by decreasing the RMD by that amount. This results in the contribution made before tax.
Is there any advantage to this method compared to deducting the amount of the contribution on schedule A?
Thank you
Larry Gottlieb
by LarryG
Tue Jan 15, 2013 12:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Charitable Contributions
Replies: 4
Views: 398

Re: 2013 BOGLEHEAD CONTEST REGISTRATION

1572.29
by LarryG
Tue Jan 08, 2013 11:44 am
 
Forum: Investing - Theory, News & General
Topic: 2013 BOGLEHEAD CONTEST REGISTRATION
Replies: 481
Views: 15104

Re: "Are You Brilliant, or Lucky?"

Lucky is finding Taylor and Mel as friends.
Brilliant is taking their advice and sticking to it.

LarryG
by LarryG
Thu Dec 20, 2012 11:30 am
 
Forum: Investing - Theory, News & General
Topic: "Are You Brilliant, or Lucky?"
Replies: 48
Views: 4383

Re: Single Vanguard "target" fund for widowed

At the age of 81, earlier this year, I consolidated all of my IRA (95%+ of portfolio) into Vanguard Target Retirement Income Fund for ease of handling by my wife and daughter when I die. This was done after watching a friend try to handle her husband's multiple complicated investments after his deat...
by LarryG
Sun Dec 09, 2012 5:05 pm
 
Forum: Investing - Theory, News & General
Topic: Single Vanguard "target" fund for widowed
Replies: 20
Views: 1854

Re: Generic Lipitor recalled [Generic vs. Brand Name]

If the pharmacies were required to show the country of manufacture, the consumer might exert the pressure to make a change.

LarryG
by LarryG
Tue Nov 27, 2012 11:59 am
 
Forum: Personal Consumer Issues
Topic: Generic Lipitor recalled [Generic vs. Brand Name]
Replies: 23
Views: 1937

Re: Looking for a Good Historical Fiction Series

http://www.historicalnovels.info/index.html
Try this site for 5000 historical novels.
LarryG
by LarryG
Wed Oct 17, 2012 11:43 pm
 
Forum: Personal Consumer Issues
Topic: Looking for a Good Historical Fiction Series
Replies: 48
Views: 4226

Re: Question on IRA distributions

It is your choice.
I make withdrawals quarterly and have my federal withholding for the year taken from my last withdrawal which is usually in December.

LarryG
by LarryG
Wed Oct 03, 2012 11:27 am
 
Forum: Investing - Help with Personal Investments
Topic: Question on IRA distributions
Replies: 2
Views: 164
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