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Re: Bogleheads.org equivalents for other areas of life?

chrysogonus wrote:
Leesbro63 wrote:Fairmark has great forums for tax info.

http://fairmark.com/forum/index.php


My inner tax geek thanks you for that link. It looks like there's lots of good information about some fairly technical topics.


My pleasure!
by Leesbro63
Thu Oct 30, 2014 8:42 am
 
Forum: Personal Consumer Issues
Topic: Bogleheads.org equivalents for other areas of life?
Replies: 69
Views: 6808

Vanguard Variable Annuity Costs

In the current Paul Merriman thread, there was some discussion of his "scheme" (that I am doing) to fund a grandchild's retirement with a variable annuity. I took at look at my Vanguard Variable Annuity accounts and am wondering why the costs of the sub accounts are so much higher than sim...
by Leesbro63
Wed Oct 29, 2014 2:30 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard Variable Annuity Costs
Replies: 10
Views: 800

Re: Medicare Part D

For traditional Medicare, do you buy Part D from Medicare directly (Uncle Sam) or must you buy it from an outside insurer. I seem to think Highmark BC/BS here shows it as something you buy outside...not just like "enrolling" in Part B directly from Uncle.
by Leesbro63
Tue Oct 28, 2014 4:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medicare Part D
Replies: 22
Views: 1165

Re: Medicare Supplement for SSDI

Could you explain what's wrong with AARP-UNC again? Another friend (age 77) has had it for 12 years and loves it. He snowbirds Pittsburgh to Florida and says it works well in both places. I just today looked at this for my SSDI friend (age 57) and his rate would be about $170 per month for Plan F. I...
by Leesbro63
Tue Oct 28, 2014 3:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medicare Supplement for SSDI
Replies: 20
Views: 1043

Re: Paul Merriman criticism?

MORE FROM THE PRIOR POST JUST ABOVE: In hindsight. it MIGHT have made more sense to skip the annuity and to put the money directly into Total Stock Market and/or Total International, file the tax returns annually (which I do not have to do with the sheltered annuity), and pay a little tax each year ...
by Leesbro63
Tue Oct 28, 2014 3:44 pm
 
Forum: Investing - Theory, News & General
Topic: Paul Merriman criticism?
Replies: 58
Views: 3842

Re: Paul Merriman criticism?

A different subject than the current discussion but directly related to Paul Merriman. In 1994, just as our second child was born, I came across this article. Then I helped my parents do this (see link) for both of my children (the older was 4 and we funded her more as if we started in 1990). Money ...
by Leesbro63
Tue Oct 28, 2014 3:40 pm
 
Forum: Investing - Theory, News & General
Topic: Paul Merriman criticism?
Replies: 58
Views: 3842

Medicare Part D

OK, since my other 2 Medicare threads have been popular (and others want to know the same things I've asked), here is another. Can someone explain Part D to me? And how it works with Traditional Medicare and/or Medicare Advantage? Thanks!
by Leesbro63
Tue Oct 28, 2014 2:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medicare Part D
Replies: 22
Views: 1165

Re: Prudent Investment Portfolio for 58-year Old w/20M Net W

I would point your friend to this website and/or to Vanguard or maybe to Rick Ferri and not give any specific advice. Even if he can't legally sue you, he can make a mistake, misinterpret you or even get it all right and have (what he views)) bad results (such as a '73-'74 bear market where stocks A...
by Leesbro63
Tue Oct 28, 2014 2:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Prudent Investment Portfolio for 58-year Old w/20M Net Worth
Replies: 33
Views: 2904

Re: “Risk and Return Within the Stock Market: What Works Bes

Is one 41 year period enough to draw conclusions from?
by Leesbro63
Tue Oct 28, 2014 9:59 am
 
Forum: Investing - Theory, News & General
Topic: “Risk and Return Within the Stock Market: What Works Best?”
Replies: 20
Views: 2338

Re: Medicare Supplement for SSDI

He has not taken Part B because it was cheaper to remain on his wife's employment plan than to pay for Part B and buy a supplement. If a person has "credible coverage," as I understand it, then when they do take Part B there is no penalty. I assumed that would be the same for a medigap po...
by Leesbro63
Mon Oct 27, 2014 8:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medicare Supplement for SSDI
Replies: 20
Views: 1043

Re: Traditional Medicare vs Medicare Advantage

You could be right. Don't forget that Medicare recipients will have full access to both networks. Vulnerable populations, which include consumers age 65 or older who are covered by Medicare or Medicare advantage, Medigap, Signature 65, as well as enrollees in Medicaid, CHIP will not be impacted by ...
by Leesbro63
Mon Oct 27, 2014 7:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Traditional Medicare vs Medicare Advantage
Replies: 30
Views: 1781

Re: Traditional Medicare vs Medicare Advantage

I am the original poster and do wish to keep this on topic. But as an aside, on the UPMC/Highmark war I'll offer my guess: My guess is that this is all a bluff by UPMC during this open enrollment period to scare as many people as possible off of Highmark onto other insurance to break/reduce the High...
by Leesbro63
Mon Oct 27, 2014 6:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Traditional Medicare vs Medicare Advantage
Replies: 30
Views: 1781

Traditional Medicare vs Medicare Advantage

I am just now learning about Medicare. So please excuse this if it's been beaten to death before. It appears that at least in my area (Western Pennsylvania Pittsburgh), the Medicare Advantage plans are somewhat cheaper and cover more than Traditional Medicare with a Medigap/Medicare Supplement. I wi...
by Leesbro63
Mon Oct 27, 2014 5:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Traditional Medicare vs Medicare Advantage
Replies: 30
Views: 1781

Re: Medicare Supplement for SSDI

Thank you, Riley. Raises a new question. I wonder how/why Medicare Advantage insurers can (have to?) offer the disabled the same rates as the "naturally" retired and "regular" Medigap carriers can't/won't/don't have to?
by Leesbro63
Mon Oct 27, 2014 2:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medicare Supplement for SSDI
Replies: 20
Views: 1043

Medicare Supplement for SSDI

A relative of mine, age 57, has been on SSDI for a few years and qualifies for Medicare. He gets Part A whether he wants it or not. He has not taken Part B because it was cheaper to remain on his wife's employment plan than to pay for Part B and buy a supplement. But now he is considering changing t...
by Leesbro63
Mon Oct 27, 2014 11:32 am
 
Forum: Personal Finance (Not Investing)
Topic: Medicare Supplement for SSDI
Replies: 20
Views: 1043

Re: Done with Honda, not sure what next car should be?

For what it's worth, CLARK HOWARD says that you can get a Nissan leaf very cheaply, after tax credits etc. And that they are in good supply. Not a bad alternative to the Tesla if you are a "value player".
by Leesbro63
Sun Oct 26, 2014 6:41 pm
 
Forum: Personal Consumer Issues
Topic: Done with Honda, not sure what next car should be?
Replies: 77
Views: 6996

Re: Bucket Approach Redux

If keeping a "floor" of liability matching payments is playing games so be it. Same thing with buying a single premium immediate annuity - it's a bucket that lets you sleep at night while you can let your 50/50 or 40/60 or 60/40 portfolio follow the whims of the market. It's not so much t...
by Leesbro63
Sun Oct 26, 2014 1:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Bucket Approach Redux
Replies: 35
Views: 2568

Re: Done with Honda, not sure what next car should be?

German cars are superior. Except they spend too much time in the shop compared to Asian Cars. +1 on the reply. German cars superior? You've got to be kidding me. Yeah, I guess they have more of a "driver's feel", but in the real world it's about getting from A to B, usually in traffic. As...
by Leesbro63
Sat Oct 25, 2014 11:34 pm
 
Forum: Personal Consumer Issues
Topic: Done with Honda, not sure what next car should be?
Replies: 77
Views: 6996

Re: Bucket Approach Redux

We plan on using the Bucket Approach when we retire in July 2018. Three buckets: 1. money in our checking account for spending during current year; 2. money in a money market account which is supplied monthly based on 1/12 of next years needs (dollar cost average on way out of market just like we d...
by Leesbro63
Sat Oct 25, 2014 6:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Bucket Approach Redux
Replies: 35
Views: 2568

Re: Done with Honda, not sure what next car should be?

I tend to agree with many of the prior posts...there is no car company without recalls/bad press/real problems. Honda is still about as good as it gets. Toyota had issues. GM...need I say more? Chrysler....are you kidding me? Hyundai and Ford "goofed" on MPG ratings. Don't throw the baby o...
by Leesbro63
Sat Oct 25, 2014 5:34 pm
 
Forum: Personal Consumer Issues
Topic: Done with Honda, not sure what next car should be?
Replies: 77
Views: 6996

Bucket Approach Redux

Forgive me for bringing up a topic that's already been beaten to death. But recently I heard a discussion about the "bucket approach" again and I am wondering if I didn't dismiss it prematurely. I dismissed it because I decided (and I THINK the consensus agreed, here) that it was nothing m...
by Leesbro63
Sat Oct 25, 2014 4:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Bucket Approach Redux
Replies: 35
Views: 2568

Re: new interesting piece by Asness on hedge funds

I admit I don't really understand all this. But it sounds like "geeks bearing formulas".
by Leesbro63
Sat Oct 25, 2014 4:27 pm
 
Forum: Investing - Theory, News & General
Topic: new interesting piece by Asness on hedge funds
Replies: 26
Views: 2183

Re: new interesting piece by Asness on hedge funds

So Larry, is there some way we "average" Bogleheads can take advantage of these negative correlations without giving up long term return and/or paying fees that are too high? Or is this just an "in theory" type post that can't (yet) be acted upon by mere mortals?
by Leesbro63
Sat Oct 25, 2014 1:20 pm
 
Forum: Investing - Theory, News & General
Topic: new interesting piece by Asness on hedge funds
Replies: 26
Views: 2183

Re: Asset Allocation by Roger Gibson

Mr. Gibson's book, Asset Allocation , was a great help to me when I first started investing in the 1990s, as it explained the power of portfolio diversification in easy-to-read, layman's terms. However, I would say it's been superseded by more recent books from other authors, including Rick Ferri (...
by Leesbro63
Sat Oct 25, 2014 1:18 pm
 
Forum: Investing - Theory, News & General
Topic: Asset Allocation by Roger Gibson
Replies: 21
Views: 2797

Asset Allocation by Roger Gibson

What ever happened to Roger Gibson? I read his book on asset allocation in the late 1990s and it was frequently discussed on the original Morningstar BOGLEHEADS bulletin board. I think he may even have been a "guru" poster there like Rick Ferri, Larry Swedroe and Bill Bernstein (and a few ...
by Leesbro63
Sat Oct 25, 2014 7:32 am
 
Forum: Investing - Theory, News & General
Topic: Asset Allocation by Roger Gibson
Replies: 21
Views: 2797

Re: new interesting piece by Asness on hedge funds

How is this hedge fund info actionable for us little investors? Or even if we are big-little investors (can meet hedge fund minimums)?
by Leesbro63
Sat Oct 25, 2014 7:21 am
 
Forum: Investing - Theory, News & General
Topic: new interesting piece by Asness on hedge funds
Replies: 26
Views: 2183

Re: Leon Cooperman giving the same advice as Warren

FWIW this is pretty much the same as Dr. Bernstein's advice. He says to keep your fixed income short...which is close to their comments to keep it as cash. Bernstein admits he's been wrong.....SO FAR.
by Leesbro63
Tue Oct 21, 2014 9:13 am
 
Forum: Investing - Theory, News & General
Topic: Leon Cooperman giving the same advice as Warren
Replies: 47
Views: 3271

Re: Advice sought for $6M investment

My situation bears similarities to yours. You are wealthy enough to own an individual muni bond portfolio. While I won't go into the benefits in detail, there are major benefits to having tax loss harvesting with individual munis, especially zeros. I would buy as many I-bonds as possible each year,...
by Leesbro63
Mon Oct 20, 2014 10:20 am
 
Forum: Investing - Help with Personal Investments
Topic: Advice sought for $6M investment
Replies: 36
Views: 3715

Re: Maximum Number of Medicare Hospital Days

Thanks for that info. But yes, I understand that generally nursing home care is not covered by Medicare. I'm interested in the maximum number of HOSPITAL DAYS, lifetime, and how supplemental insurance may or may not work if and when those are maxed out. Again, nursing home care is not my interest fo...
by Leesbro63
Wed Oct 15, 2014 6:51 pm
 
Forum: Personal Consumer Issues
Topic: Maximum Number of Medicare Hospital Days
Replies: 10
Views: 750

Maximum Number of Medicare Hospital Days

I am helping an older friend with Medicare decisions and I noticed that the number of Medicare hospital days is not unlimited as I assumed. What's not clear to me is how this works in the real world. What about someone who lives to old age and has many "lifetime" days that get used up? Can...
by Leesbro63
Wed Oct 15, 2014 4:11 pm
 
Forum: Personal Consumer Issues
Topic: Maximum Number of Medicare Hospital Days
Replies: 10
Views: 750

Re: Headed for a 300+ point loss today?

I much prefer when the market is going up. That being said, let's look at the big picture. The DOW close to tripled in just over 5 years. Now it's off 6.5% from it's high.
by Leesbro63
Wed Oct 15, 2014 11:57 am
 
Forum: Investing - Theory, News & General
Topic: Headed for a 300+ point loss today?
Replies: 445
Views: 30549

Re: Buffett Says ‘No-Brainer’ to Get a Mortgage to Short Rat

Those who financed/re-financed at the nadir (let's say 3.4% or thereabouts) for thirty years, well, that's a gold-mine. In a few years, fixed-income investments will cross, you'll be able to finance the interest on that thirty with a ten-year CD. You could have done this at any time in the past 10 ...
by Leesbro63
Fri Oct 10, 2014 4:24 am
 
Forum: Personal Finance (Not Investing)
Topic: Buffett Says ‘No-Brainer’ to Get a Mortgage to Short Rates
Replies: 77
Views: 9119

Re: Cost of Pest Control Services

I was paying $35/month until 2005 mainly for monthly spraying for carpenter ants. They went to about $40 and a friend told me about ORTHO HOMEDEFENSE MAX. I fired the exterminator and now spend about $10-$15 PER YEAR for a container of that. I spray monthly in the summer and less often in the winter...
by Leesbro63
Thu Oct 09, 2014 1:19 pm
 
Forum: Personal Consumer Issues
Topic: Cost of Pest Control Services
Replies: 9
Views: 1016

Re: Fleetwood Mac tour

I'm a fan and considered going. And I've paid the big bucks to see Elton and a few others. But when I saw the price of FM, even I balked. I don't love 'em $350 (or even $175 in nosebleed) worth.
by Leesbro63
Mon Oct 06, 2014 5:12 pm
 
Forum: Personal Consumer Issues
Topic: Fleetwood Mac tour
Replies: 14
Views: 1405

Re: Bogle on Radio Tonight

Here's the Podcast if you missed the live broadcast. I have not listened yet but will do soon and will comment if there is anything new/exciting. http://www.paytaxeslater.com/radioshow/ ... ur_133.mp3
by Leesbro63
Sat Oct 04, 2014 4:54 pm
 
Forum: Investing - Theory, News & General
Topic: Bogle on Radio Tonight
Replies: 2
Views: 576

Re: What SWR/expense multiple to use for early retirement pl

As you have a collection of bonds so the yield change as a percentage is smaller but over time your yield will drift down (until it changes direction and goes back up). Randomguy, we've been in retirement for 12 years now, with a 50% stock/50% bond portfolio and taking our 2.5% annual withdrawals f...
by Leesbro63
Thu Oct 02, 2014 9:16 pm
 
Forum: Investing - Theory, News & General
Topic: What SWR/expense multiple to use for early retirement plan?
Replies: 63
Views: 3092

Re: What SWR/expense multiple to use for early retirement pl

My guess is that your income would be "close enough" to steady. But to your point if you lived off just the income and dividends, you could probably buy a new car/take a cruise etc in good years on top of that. Lets see how the person living on the S&P 500 divs did in real dollars (ht...
by Leesbro63
Thu Oct 02, 2014 5:18 pm
 
Forum: Investing - Theory, News & General
Topic: What SWR/expense multiple to use for early retirement plan?
Replies: 63
Views: 3092

Re: What SWR/expense multiple to use for early retirement pl

Also I would argue that 2.3% versus 2.5% is a rounding error. There's no way to know for sure that if you withdraw 2.5% in a 2.3% world, you'd be in trouble. Also, for early retirees, the portfolio has to last more than 30 years. Taking the "income", whatever % that turns out to be, from ...
by Leesbro63
Thu Oct 02, 2014 4:06 pm
 
Forum: Investing - Theory, News & General
Topic: What SWR/expense multiple to use for early retirement plan?
Replies: 63
Views: 3092

Re: What SWR/expense multiple to use for early retirement pl

Also I would argue that 2.3% versus 2.5% is a rounding error. There's no way to know for sure that if you withdraw 2.5% in a 2.3% world, you'd be in trouble. Also, for early retirees, the portfolio has to last more than 30 years. Taking the "income", whatever % that turns out to be, from a...
by Leesbro63
Thu Oct 02, 2014 1:53 pm
 
Forum: Investing - Theory, News & General
Topic: What SWR/expense multiple to use for early retirement plan?
Replies: 63
Views: 3092

Re: The Roosevelts, PBS special

FDR was a very sick man in his third term but that info was kept from the public. He should never have run for a fourth term and the third is problematic too since it defied convention. Yet one could argue that he did a decent job as the WW2 leader, in spite of his health. I guess we'll never know ...
by Leesbro63
Thu Oct 02, 2014 10:09 am
 
Forum: Personal Consumer Issues
Topic: The Roosevelts, PBS special
Replies: 104
Views: 8565

Re: What SWR/expense multiple to use for early retirement pl

Given that, I've always thought what's simple and intuitive is a portfolio that maintains it's value in real dollars, and casts off enough above-inflation growth to provide cost-of-living funding. So, with that perspective, maybe another way to ask this question is what perpetual withdrawal rate is...
by Leesbro63
Thu Oct 02, 2014 10:08 am
 
Forum: Investing - Theory, News & General
Topic: What SWR/expense multiple to use for early retirement plan?
Replies: 63
Views: 3092

Bogle on Radio Tonight

I just saw the Mr. Bogle will be on the Jim Lange radio show tonight at 7PM Eastern. www.kqv.com.
by Leesbro63
Wed Oct 01, 2014 2:51 pm
 
Forum: Investing - Theory, News & General
Topic: Bogle on Radio Tonight
Replies: 2
Views: 576

Re: What SWR/expense multiple to use for early retirement pl

5%. If things don't work out, you have plenty of time to go back to work and rebuild the savings. You are not in the same boat as the 65 year old who has to live on that money forever. It all depends on how badly you want to be retired versus how much you fear having to lower your living standards....
by Leesbro63
Wed Oct 01, 2014 8:25 am
 
Forum: Investing - Theory, News & General
Topic: What SWR/expense multiple to use for early retirement plan?
Replies: 63
Views: 3092

Re: What SWR/expense multiple to use for early retirement pl

For a 50/50 portfolio, a 2-2.5% portfolio more or less is the income...dividends and interest. That's my plan in 10 years at age 65. To live off the dividends and interest of a 50-50 portfolio. About 2.5%. Very old fashioned...what our pre-Bogle-historic-Bogleheads did. Although in those days divide...
by Leesbro63
Wed Oct 01, 2014 8:22 am
 
Forum: Investing - Theory, News & General
Topic: What SWR/expense multiple to use for early retirement plan?
Replies: 63
Views: 3092

Re: The Roosevelts, PBS special

Eleanor also looked old. She died at age 78. Most healthy 78 year old women today look much much younger than Eleanor.
by Leesbro63
Wed Oct 01, 2014 7:34 am
 
Forum: Personal Consumer Issues
Topic: The Roosevelts, PBS special
Replies: 104
Views: 8565

Re: How Long Should I Keep My Car?

Park wrote:When I say that it would cause a major problem at work if I didn't show up, that's probably an understatement. And I only own one car.


Then buy a new Corolla/Camry or Civic/Accord every 4-5 years. Your chance of a major breakdown would be very very low with a 5 year or newer one of those.
by Leesbro63
Sun Sep 28, 2014 5:30 pm
 
Forum: Personal Consumer Issues
Topic: How Long Should I Keep My Car?
Replies: 50
Views: 4108

Re: rebalancing conundrum/paradox/irony

In a situation like this, where IPS / rebalancing says to buy equities and one thinks equities smell, I still buy equities, but only in a taxable account. If equities then fall, I do the TLH thing and shove some of the loss onto the IRS. I am on the opposite side of this. Did TLH in 2009 and now ca...
by Leesbro63
Sat Sep 27, 2014 4:43 pm
 
Forum: Investing - Theory, News & General
Topic: rebalancing conundrum/paradox/irony
Replies: 83
Views: 5185

Paul Merriman: DFA Better Than Vanguard

Paul Merriman, in this podcast, kinda makes me wonder if we'd all not be better off paying an adviser and having DFA over Vanguard. What am I missing here?

http://www.paytaxeslater.com/radioshow/LMH-090314.mp3
by Leesbro63
Sat Sep 27, 2014 11:42 am
 
Forum: Investing - Theory, News & General
Topic: Paul Merriman: DFA Better Than Vanguard
Replies: 13
Views: 2050

Re: rebalancing conundrum/paradox/irony

In a situation like this, where IPS / rebalancing says to buy equities and one thinks equities smell, I still buy equities, but only in a taxable account. If equities then fall, I do the TLH thing and shove some of the loss onto the IRS. I am on the opposite side of this. Did TLH in 2009 and now ca...
by Leesbro63
Sat Sep 27, 2014 11:30 am
 
Forum: Investing - Theory, News & General
Topic: rebalancing conundrum/paradox/irony
Replies: 83
Views: 5185
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