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Re: MediCare and ? What are your out of pocket costs please.

Mitchell777 wrote:
Mel Lindauer wrote:IMO, you should plan for all in costs of around $1000 per month or $10-$12000 per year.

Would this be $1K/month for one person or two people?


That's an average year for the two of us. However, if you have a year where you need some serious dental work, you can go way above that number.
by Mel Lindauer
Sun Feb 01, 2015 1:29 am
 
Forum: Personal Finance (Not Investing)
Topic: MediCare and ? What are your out of pocket costs please.
Replies: 23
Views: 1963

Re: Wealthfront

Starting this thread to see what Bogleheads feel about investing with WealthFront. They employ mostly VG index funds/ETFs so the main difference is the 0.25% management fee. But they do offer other benefits like tax loss harvesting. Anybody on here who invests with them? There have been numerous th...
by Mel Lindauer
Sun Feb 01, 2015 1:26 am
 
Forum: Investing - Help with Personal Investments
Topic: Wealthfront
Replies: 6
Views: 781

Re: Embedded (or "fees on fees") in Vanguard Target Retireme

Thanks everyone. I've been very happy with my Vanguard accounts and funds, and from what I've seen, they do things right and don't try to gouge on hidden fees. I'm not trying to disparage them at all here. And hey the target retirement funds DO perform extra work with rebalancing and so on--so mayb...
by Mel Lindauer
Sat Jan 31, 2015 6:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Embedded (or "fees on fees") in Vanguard Target Retirement
Replies: 12
Views: 867

Re: Inflation-adjusted SPIA annuity

I am 65 and don't plan to invest in annuities until I am 70. However I have noticed that investing a small amount in any asset type will make me pay much closer attention to it. So I am thinking about making a very small investment in an lnflation-adjusted SPIA. Two questions: 1. What is the smalle...
by Mel Lindauer
Sat Jan 31, 2015 6:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Inflation-adjusted SPIA annuity
Replies: 4
Views: 272

Re: Northwestern Mutual Roth IRA

southflanole1 wrote:8 years unfortunately, I guess I should just take the hit.


Your break-even point will probably be relatively short since you'll be saving those high insurance company annuity costs using low-cost Vanguard funds.
by Mel Lindauer
Sat Jan 31, 2015 6:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Northwestern Mutual Roth IRA
Replies: 9
Views: 301

Re: Embedded (or "fees on fees") in Vanguard Target Retireme

Be aware that some other fund companies DO add additional wrap fees on top of the underlying fund fees that are in their funds-of-funds. However, Vanguard doesn't do that.
by Mel Lindauer
Sat Jan 31, 2015 5:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Embedded (or "fees on fees") in Vanguard Target Retirement
Replies: 12
Views: 867

Re: Embedded (or "fees on fees") in Vanguard Target Retireme

Many Vanguard funds, such as the Target Retirement series, contain some percentage of the following: Vanguard Total Stock Market Index Fund Investor Shares VTSMX 0.17% Vanguard Total International Stock Index Fund Investor Shares VGTSX 0.22% Vanguard Total Bond Market II Index Fund Investor Shares ...
by Mel Lindauer
Sat Jan 31, 2015 4:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Embedded (or "fees on fees") in Vanguard Target Retirement
Replies: 12
Views: 867

Re: Time to jump in?

I am within a week of transferring all my investing assets to Vanguard Personal Advisor Services. They suggest selling everything I now hold and investing in 4 broad market index funds (50/50 stocks-bonds) 15% international stocks, 10% international bonds. I'm wondering about timing in jumping in. ...
by Mel Lindauer
Sat Jan 31, 2015 4:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Time to jump in?
Replies: 11
Views: 789

Re: Northwestern Mutual Roth IRA

Good afternoon. I having been reading the forum for a few months, but am a new member/poster. I previously (2011-2012) contributed to a ROTH IRA at Northwestern Mutual which is currently valued at approx. $10K. I maxed out my ROTH IRA with Vanguard in 2013, 2014 and for 2015. I decided I wanted to ...
by Mel Lindauer
Sat Jan 31, 2015 4:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Northwestern Mutual Roth IRA
Replies: 9
Views: 301

Re: Wiki comments requested: The importance of asset allocat

...the fact is that savings rate is by far the most important factor in determining your investment success. I am in this camp. The most important asset allocation one can do is to allocate cash from one's paycheck into one's investment account. After that it is all about optimizing based upon a lo...
by Mel Lindauer
Sat Jan 31, 2015 4:13 pm
 
Forum: Investing - Theory, News & General
Topic: Wiki comments requested: The importance of asset allocation
Replies: 95
Views: 3278

Re: Wiki comments requested: The importance of asset allocat

I think the primary distinction between the two examples is that Investopedia uses the word "secondary" whereas the Wiki uses the word "insignificant". The latter seems to be an extreme position. I think one of the sources for the initial notice was from Investopedia . Note the ...
by Mel Lindauer
Sat Jan 31, 2015 4:09 pm
 
Forum: Investing - Theory, News & General
Topic: Wiki comments requested: The importance of asset allocation
Replies: 95
Views: 3278

Re: Which Medicare supplement insurance company?

After being with one company for 10 years and having the rates rise from ~1500 per year to ~3600 (age based), I switched to the group-based AARP plan which reduced mine and my wife's annual rates by ~$1000 each. I switched in June 2014 and my wife switched in Nov. 2014. So far, so good.
by Mel Lindauer
Sat Jan 31, 2015 3:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Which Medicare supplement insurance company?
Replies: 10
Views: 538

Re: Combining LifeStragety Funds?

I hold both Lifestrategy Income and Conservative Growth I am 75 years old and have low risk tolerance. Thinking about selling Conservative Growth and moving to Income. Any opinions considering rising interest rate may hurt bonds? I think I need more bond investment but undecided about going to 100%...
by Mel Lindauer
Sat Jan 31, 2015 2:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Combining LifeStragety Funds?
Replies: 3
Views: 300

Re: Vanguard website has Yellow Triangle over lock

I'm using Chrome and also get the yellow triangle.
by Mel Lindauer
Sat Jan 31, 2015 1:13 pm
 
Forum: Personal Consumer Issues
Topic: Vanguard website has Yellow Triangle over lock
Replies: 26
Views: 1912

Re: Microsoft Excel vs. Apple Numbers

I switched to Numbers a while ago, didn't have any problem. I like that I can have it on both my phone and my laptop. I still use Excel on Windows, and occasionally on the Mac. You can run Excel on both. In fact, Microsoft is now giving away an Android and iPhone version for both phones and tablets...
by Mel Lindauer
Fri Jan 30, 2015 9:54 pm
 
Forum: Personal Consumer Issues
Topic: Microsoft Excel vs. Apple Numbers
Replies: 14
Views: 941

Re: Microsoft Excel vs. Apple Numbers

As a new MacPro Laptop user, I am learning about the spreadsheet program "Numbers". I am very familiar with Microsoft Excel and use it all day long in my profession. What are Bogleheads thoughts on "Numbers" compared to Excel both positive and negative? Best. I tested a beta ver...
by Mel Lindauer
Fri Jan 30, 2015 9:17 pm
 
Forum: Personal Consumer Issues
Topic: Microsoft Excel vs. Apple Numbers
Replies: 14
Views: 941

Re: Just purchased 2015 maximum EE Series Bonds

Great conversation. Sorry if I missed this in the discussion, but if I must hold EE bonds 20 years that may complicate efforts to optimize holdings for taxes in the future. I'm 41 now so will be 61 when these will be redeemed and taxed. Even assuming I'll be retired then, I'll be wanting those low ...
by Mel Lindauer
Thu Jan 29, 2015 10:31 am
 
Forum: Investing - Help with Personal Investments
Topic: Just purchased 2015 maximum EE Series Bonds
Replies: 67
Views: 3993

Re: Just purchased 2015 maximum EE Series Bonds

broadstone wrote:So I have to pay Federal Tax on these EE bonds? When you factor in paying the IRS, why is it so attractive?

I live in a State that doesn't have income tax so I'm on the fence.


You also have to pay Federal income taxes on Treasuries, bank CDs and other things that are yielding even less.
by Mel Lindauer
Wed Jan 28, 2015 11:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Just purchased 2015 maximum EE Series Bonds
Replies: 67
Views: 3993

Re: Just purchased 2015 maximum EE Series Bonds

I've purchased 6 rungs so far, and counting. 20-year rates have generally been well below 3.53% for most of that time. They're currently approaching 2.0% I also think it's important to recognize that with every passing year, the yield to maturity (YTM) on previously purchased EE Bonds will continue...
by Mel Lindauer
Wed Jan 28, 2015 8:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Just purchased 2015 maximum EE Series Bonds
Replies: 67
Views: 3993

Re: Supreme Court to hear fiduciary duty/high cost funds cas

I've offered a simple solution on a number of occasions: [OT suggested change to retirement plan regulations removed by admin LadyGeek]
by Mel Lindauer
Wed Jan 28, 2015 11:47 am
 
Forum: Investing - Theory, News & General
Topic: Supreme Court to hear fiduciary duty/high cost funds case
Replies: 28
Views: 3670

Re: Just purchased 2015 maximum EE Series Bonds

The point is, if one wants a nice safe secure investment EE bonds are great as they provide a very nice 3.5% guaranteed with no risk...at least to me EEs are no brainer.... My problem with EE Bonds, the thing that makes them NOT a no brainer to me, is that in order to get that "juicy", &q...
by Mel Lindauer
Tue Jan 27, 2015 9:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Just purchased 2015 maximum EE Series Bonds
Replies: 67
Views: 3993

Re: Just purchased 2015 maximum EE Series Bonds

Savings Bonds expand your tax-deferred space and can be a great tool for tax-shifting. One can buy them when they're in a high tax bracket and redeem them 20 years later when they're retired and in a low (or no) tax bracket.
by Mel Lindauer
Tue Jan 27, 2015 5:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Just purchased 2015 maximum EE Series Bonds
Replies: 67
Views: 3993

Re: Just purchased 2015 maximum EE Series Bonds

20 years is too long for me to commit. I stick to I Bonds, personally. Doing both I and EE bonds here to diversify in case inflation/interest heats up or not. I have a big fixed income allocation (way too big to fit into my tax-advantaged accounts) and like the idea of spreading it around and maxim...
by Mel Lindauer
Tue Jan 27, 2015 3:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Just purchased 2015 maximum EE Series Bonds
Replies: 67
Views: 3993

Re: Just purchased 2015 maximum EE Series Bonds

20 years is too long for me to commit. I stick to I Bonds, personally. Doing both I and EE bonds here to diversify in case inflation/interest heats up or not. I have a big fixed income allocation (way too big to fit into my tax-advantaged accounts) and like the idea of spreading it around and maxim...
by Mel Lindauer
Tue Jan 27, 2015 12:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Just purchased 2015 maximum EE Series Bonds
Replies: 67
Views: 3993

Re: "Its Time To End Financial Advisers 1% Fees"

I don't foresee an hourly model taking hold simply because advisors don't want to be in a situation where they have to defend their bills. Still, I see plenty of room for a fixed fee model which is independent of AUM. The central question however is whether this will create sufficient incentives fo...
by Mel Lindauer
Mon Jan 26, 2015 5:36 pm
 
Forum: Investing - Theory, News & General
Topic: "Its Time To End Financial Advisers 1% Fees"
Replies: 102
Views: 8003

Re: "Its Time To End Financial Advisers 1% Fees"

So here's my reply. I spend the bulk of my time researching and exploring ideas that benefit all of my clients. To do this work and offer the benefit of my skills to my clients, I want to be paid a certain amount. If my fee was independent of asset size, I would only handle highly wealthy individua...
by Mel Lindauer
Mon Jan 26, 2015 5:33 pm
 
Forum: Investing - Theory, News & General
Topic: "Its Time To End Financial Advisers 1% Fees"
Replies: 102
Views: 8003

Re: "Its Time To End Financial Advisers 1% Fees"

So here's my reply. I spend the bulk of my time researching and exploring ideas that benefit all of my clients. To do this work and offer the benefit of my skills to my clients, I want to be paid a certain amount. If my fee was independent of asset size, I would only handle highly wealthy individua...
by Mel Lindauer
Mon Jan 26, 2015 5:26 pm
 
Forum: Investing - Theory, News & General
Topic: "Its Time To End Financial Advisers 1% Fees"
Replies: 102
Views: 8003

Re: "Its Time To End Financial Advisers 1% Fees"

So here's my reply. I spend the bulk of my time researching and exploring ideas that benefit all of my clients. To do this work and offer the benefit of my skills to my clients, I want to be paid a certain amount. If my fee was independent of asset size, I would only handle highly wealthy individua...
by Mel Lindauer
Mon Jan 26, 2015 2:55 am
 
Forum: Investing - Theory, News & General
Topic: "Its Time To End Financial Advisers 1% Fees"
Replies: 102
Views: 8003

Re: "Its Time To End Financial Advisers 1% Fees"

I don't buy it and I don't agree. The more I learn about human nature, the more I realize that it is pure folly to expect the average American to successfully devise and execute a 75 year plan for financial success, including education, careers, marriage/divorce, kids, college savings, medical expe...
by Mel Lindauer
Mon Jan 26, 2015 12:35 am
 
Forum: Investing - Theory, News & General
Topic: "Its Time To End Financial Advisers 1% Fees"
Replies: 102
Views: 8003

Re: What experts say about $5,000 watches

Thank you for posting this, it was quite informative. So would Mr. Bogle buy the $500 Hamilton or the $5,000 Rolex? My guess is that he'd probably buy the $20 Timex and be perfectly happy, since it tells time and that's what a watch is for. Jack doesn't need to make a statement or try to impress an...
by Mel Lindauer
Mon Jan 26, 2015 12:28 am
 
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 906
Views: 173725

Re: "Its Time To End Financial Advisers 1% Fees"

So here's my reply. I spend the bulk of my time researching and exploring ideas that benefit all of my clients. To do this work and offer the benefit of my skills to my clients, I want to be paid a certain amount. If my fee was independent of asset size, I would only handle highly wealthy individua...
by Mel Lindauer
Mon Jan 26, 2015 12:22 am
 
Forum: Investing - Theory, News & General
Topic: "Its Time To End Financial Advisers 1% Fees"
Replies: 102
Views: 8003

Re: What experts say about $5,000 watches

Thank you for posting this, it was quite informative. So would Mr. Bogle buy the $500 Hamilton or the $5,000 Rolex? My guess is that he'd probably buy the $20 Timex and be perfectly happy, since it tells time and that's what a watch is for. Jack doesn't need to make a statement or try to impress an...
by Mel Lindauer
Mon Jan 26, 2015 12:10 am
 
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 906
Views: 173725

Re: Android or iPhone? Which do you like, and why?

Currently using one of the newer Samsung Galaxy Note 4s. Chose it over the iPhone 6 or 6+ for a number of reasons: 1. It comes standard with 32gb. 2. You can add a reasonably-priced SD card, which I did (another 64gb) 3. The screen was larger (5.7") 4. Unlike the iPhone, you can change the batt...
by Mel Lindauer
Sun Jan 25, 2015 8:47 pm
 
Forum: Personal Consumer Issues
Topic: Android or iPhone? Which do you like, and why?
Replies: 40
Views: 1854

Re: Vanguard RMD Service

I've never had a problem with Vanguard re: RMDs. They calculate the figures for both me and my wife and provide the numbers on our online accounts and send a letter with the numbers. Then, I direct them when to actually take the distributions.
by Mel Lindauer
Sun Jan 25, 2015 8:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard RMD Service
Replies: 14
Views: 1837

Re: MediCare and ? What are your out of pocket costs please.

IMO, you should plan for all in costs of around $1000 per month or $10-$12000 per year.
by Mel Lindauer
Sun Jan 25, 2015 6:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: MediCare and ? What are your out of pocket costs please.
Replies: 23
Views: 1963

Re: WHAT EXPERTS SAY ABOUT

Happy Birthday, Taylor! You are the king of the Bogleheads and a prince of a man. Your knowledge and leadership on this form is priceless. I'll add my thoughts and good wishes to yours, Michael, and complete the loop of the "Three L" authors of The Bogleheads' Guide to Investing (Larimore...
by Mel Lindauer
Sun Jan 25, 2015 6:39 pm
 
Forum: Investing - Theory, News & General
Topic: What Experts Say [about various investing topics]
Replies: 51
Views: 3346

Re: Reporter doing story on pitfalls of doing one's own taxe

Lots of stories here but do you want to tell them to the reporter? If so, contact me.
by Mel Lindauer
Fri Jan 23, 2015 6:33 pm
 
Forum: Investing - Theory, News & General
Topic: Reporter doing story on pitfalls of doing one's own taxes
Replies: 40
Views: 4693

Re: ANNUITY is unaccaptable & not a good word

Ged wrote:
dhodson wrote:Defer social security to age 70


+1

Basically what you are doing with this strategy is buying the best annuity available.


Couldn't agree more.
by Mel Lindauer
Wed Jan 21, 2015 11:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: ANNUITY is unaccaptable & not a good word
Replies: 8
Views: 986

Re: EE bonds vs iBonds

This is probably a silly question, but, assuming that the composite iBond rate approximates 0% as of May 1, 2015, would it be possible to redeem under-five-year bonds between July and October, 2015, without effectively incurring any three month interest penalty? Thank you. Your question is not clea...
by Mel Lindauer
Wed Jan 21, 2015 11:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: EE bonds vs iBonds
Replies: 29
Views: 2494

Re: ANNUITY is unaccaptable & not a good word

Having said that, I am still looking for something similar investment vehicle/product, WHY? - We are about to retire at age 58 and DW 53 with a sizable nest egg, with a Stock/Bond asset allocation of 60/40%, where a 3% withdrawal rate will be enough for all expenses in retirement, not including the...
by Mel Lindauer
Wed Jan 21, 2015 10:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: ANNUITY is unaccaptable & not a good word
Replies: 8
Views: 986

Reporter doing story on pitfalls of doing one's own taxes

Hello Everyone: A known reporter for a national newspaper would like to hear from people willing to be quoted about the pitfalls involved in preparing one’s own tax return. Are some issues so complex that it’s worth it to pay a preparer, even for dedicated Bogleheads? Has anyone ever had a messy pro...
by Mel Lindauer
Wed Jan 21, 2015 5:27 pm
 
Forum: Investing - Theory, News & General
Topic: Reporter doing story on pitfalls of doing one's own taxes
Replies: 40
Views: 4693

Re: Florida in the summer

It is funny how we all have different preferences. Personally, I ruled out most of Florida as a *winter* destination because it is too cold. For instance, Mel's home in Daytona Beach has 6 months where the average daily low is below 60 degrees (and a couple of months at 50 or below!). If I lived th...
by Mel Lindauer
Wed Jan 21, 2015 1:05 am
 
Forum: Personal Consumer Issues
Topic: Florida in the summer
Replies: 81
Views: 5508

Re: Florida in the summer

I would have left PA, too, Mel. But I also remember beautiful falls in New England, with warm fires in my fireplace. I lived in Florida for nearly a third of my life, but never again. Glad you like the state. Sounds like we've both found our little bit of paradise. I'm glad everyone doesn't move to...
by Mel Lindauer
Tue Jan 20, 2015 12:49 am
 
Forum: Personal Consumer Issues
Topic: Florida in the summer
Replies: 81
Views: 5508

Re: Florida in the summer

That's known as a change of seasons, Mel, which a lot of people actually enjoy. Whatever works for you, dognose. When I lived in PA, I didn't enjoy the change of seasons because it meant leaves in my pool, having to close my pool, raking leaves, seeing brown grass and trees that looked dead and try...
by Mel Lindauer
Mon Jan 19, 2015 9:58 pm
 
Forum: Personal Consumer Issues
Topic: Florida in the summer
Replies: 81
Views: 5508

Re: Florida in the summer

One other good thing about Florida that I haven't seen mentioned is that we have greenery and flowers all year long. None of those northern brown lawns and leafless trees that appear dead from Fall til Spring.
by Mel Lindauer
Mon Jan 19, 2015 9:28 pm
 
Forum: Personal Consumer Issues
Topic: Florida in the summer
Replies: 81
Views: 5508

Re: Suze Orman: $100 into $860k, and cfiresim

msi wrote:May we all get that 11% return going forward.


Jack Bogle says we should expect more like 6-7% going forward.
by Mel Lindauer
Mon Jan 19, 2015 3:58 pm
 
Forum: Investing - Theory, News & General
Topic: Suze Orman: $100 into $860k, and cfiresim
Replies: 47
Views: 5131

Re: Suze Orman: $100 into $860k, and cfiresim

The lesson she's trying to convey is but one part of what we say in The Bogleheads' Guide to Investing . Here's the relevant excerpt where we talk about how to find the $5500 to invest in a tax-free Roth: Find a way to reduce your spending by $15 a day and you'll have saved almost $5500 ($5475) a ye...
by Mel Lindauer
Mon Jan 19, 2015 3:29 pm
 
Forum: Investing - Theory, News & General
Topic: Suze Orman: $100 into $860k, and cfiresim
Replies: 47
Views: 5131

Re: Florida in the summer

I live right across the street from the ocean in central Florida. Having lived in Philly, I can truthfully say that it's much more pleasant here in the summer (due to the nice ocean breezes) than it was in Philly, with the stifling humidity and no breezes that are common there. And we see beautifuly...
by Mel Lindauer
Sun Jan 18, 2015 4:51 pm
 
Forum: Personal Consumer Issues
Topic: Florida in the summer
Replies: 81
Views: 5508

Re: EE bonds vs iBonds

Quick question about the taxes you pay with these bonds. With EE bonds assuming I contribute 20k and make 20k. I will pay taxes on the full 20k amount when I cash them in after 20 years? Yes, you'd owe taxes on all of the accumulated interest. However, you can elect to pay interest each year if you...
by Mel Lindauer
Sun Jan 18, 2015 2:18 am
 
Forum: Investing - Help with Personal Investments
Topic: EE bonds vs iBonds
Replies: 29
Views: 2494

Re: ATT wireless announces data rollover plan

avenger wrote:I believe it only rolls the data for one month. Data older than one month is lost.


That's true with AT&T but not with T-Mobile. T-Mobile's minutes roll over for a year.
by Mel Lindauer
Sat Jan 17, 2015 8:53 pm
 
Forum: Personal Consumer Issues
Topic: ATT wireless announces data rollover plan
Replies: 8
Views: 1147
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