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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: 10
Views: 585

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: 10
Views: 585

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: 3955

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: 3955

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: 3955

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: 3661

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: 3955

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: 3955

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: 3955

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: 3955

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: 7964

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: 7964

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: 7964

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: 7964

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: 7964

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: 173501

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: 7964

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: 173501

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: 1834

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: 1822

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: 16
Views: 1528

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: 3245

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: 4686

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: 982

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: 2490

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: 982

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: 4686

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: 5507

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: 5507

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: 5507

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: 5507

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: 5129

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: 5129

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: 5507

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: 2490

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: 1146

Re: EE bonds vs iBonds

And the I Bonds can be tax-free if used for qualifying educational expenses for your or your children. As can be the EE Bonds! Treasury Direct on Using Savings Bonds for Educational Expenses I should have been clearer. Newly purchased EE Bonds do qualify, but some older ones don't. Only EE Bonds is...
by Mel Lindauer
Sat Jan 17, 2015 5:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: EE bonds vs iBonds
Replies: 29
Views: 2490

Re: EE bonds vs iBonds

And the I Bonds can be tax-free if used for qualifying educational expenses for your or your children.
by Mel Lindauer
Sat Jan 17, 2015 12:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: EE bonds vs iBonds
Replies: 29
Views: 2490

Re: Bogle's Response to Boglehead Questions at Annual Conf

Have the responses by Jack Bogle to the questions submitted by Bogleheads thru Mel at the Boglehead Annual Convention been published yet? No, the videos are not available yet. Remember, this work is done by a Boglehead volunteer who just happens to be a heart specialist with a thriving practice and...
by Mel Lindauer
Sat Jan 17, 2015 1:13 am
 
Forum: Investing - Theory, News & General
Topic: Bogle's Response to Boglehead Questions at Annual Conf
Replies: 7
Views: 1579

Re: Lenovo Yoga (& sudden shut down?)

I've been using 8.1 for some time now and have never experienced the problem you described. I'd say it's a hardware problem. If you like that particular model, I'd say you should take it back and exchange it for another one. Just curious to know if you've checked your display settings to see if the ...
by Mel Lindauer
Sat Jan 17, 2015 1:06 am
 
Forum: Personal Consumer Issues
Topic: Lenovo Yoga (& sudden shut down?)
Replies: 27
Views: 2129

Re: Reporter doing story on Turbo Tax Fracas

The reporter was Laura Saunders of the Wall Street Journal. Here's her story (requires subscription or login):

http://www.wsj.com/articles/turbotax-pr ... a+saunders
by Mel Lindauer
Sat Jan 17, 2015 12:44 am
 
Forum: Personal Finance (Not Investing)
Topic: Reporter doing story on Turbo Tax Fracas
Replies: 52
Views: 7129

Re: Bogle's Response to Boglehead Questions at Annual Conf

Have the responses by Jack Bogle to the questions submitted by Bogleheads thru Mel at the Boglehead Annual Convention been published yet? No, the videos are not available yet. Remember, this work is done by a Boglehead volunteer who just happens to be a heart specialist with a thriving practice and...
by Mel Lindauer
Fri Jan 16, 2015 9:58 pm
 
Forum: Investing - Theory, News & General
Topic: Bogle's Response to Boglehead Questions at Annual Conf
Replies: 7
Views: 1579

Re: Bogle's Response to Boglehead Questions at Annual Conf

Have the responses by Jack Bogle to the questions submitted by Bogleheads thru Mel at the Boglehead Annual Convention been published yet? No, the videos are not available yet. Remember, this work is done by a Boglehead volunteer who just happens to be a heart specialist with a thriving practice and...
by Mel Lindauer
Fri Jan 16, 2015 4:39 pm
 
Forum: Investing - Theory, News & General
Topic: Bogle's Response to Boglehead Questions at Annual Conf
Replies: 7
Views: 1579

Re: Inflation-Indexing Wish List

I wish they would offer 1-year TIPS. So we can buy them on the primary market and then they mature one year later. As it is, let's say you buy a 5-year TIPS for $1000, and over the first 3 years it gets inflation adjustments worth $50. Then deflation occurs. Your TIPS get adjusted down and can keep...
by Mel Lindauer
Thu Jan 15, 2015 9:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Inflation-Indexing Wish List
Replies: 12
Views: 908

Re: We miss Larry Swedroe

Larry just completed his latest book and Rick is tied up with his business. They're both fine and will show up again when they get some spare time. Mel do you know the title of Larry's latest book? 1210 It's called The Incredible Shrinking Alpha and it should be available very soon. It's available ...
by Mel Lindauer
Thu Jan 15, 2015 6:10 pm
 
Forum: Investing - Theory, News & General
Topic: We miss Larry Swedroe
Replies: 28
Views: 7438

Re: Target Date Fund articles

Here's a column I did for Morningstar in 2009 on this very topic. The article's title is "Fixing Target Date Funds".

http://news.morningstar.com/articlenet/ ... Id=2686718
by Mel Lindauer
Wed Jan 14, 2015 11:21 pm
 
Forum: Investing - Theory, News & General
Topic: Target Date Fund articles
Replies: 6
Views: 890

Re: EE bonds vs 5 yr CD's vs iBonds

It doesn't have to be either/or. You can diversify by owning some of all three.
by Mel Lindauer
Tue Jan 13, 2015 11:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: EE bonds vs 5 yr CD's vs iBonds
Replies: 8
Views: 906

Re: Jack Bogle and I-Bonds

renter wrote:Does anyone know if Jack Bogle has publicly expressed an opinion about Series I Bonds? I searched and couldn't find anything.


I've known Jack since 2000 and I've never heard him mention or discuss I Bonds.
by Mel Lindauer
Tue Jan 13, 2015 9:20 pm
 
Forum: Investing - Theory, News & General
Topic: Jack Bogle and I-Bonds
Replies: 10
Views: 1375

Re: Why Is "Deflation" A Bad Thing??? How To Prepare/Profit

That said, where does one position investments to safely capitalize on deflation? Lots of ideas, but one thing that hasn't been mentioned is I Bonds. While most folks think of I Bonds for INflation protection, most don't realize that they also provide DEflation protection. Since the composite rate ...
by Mel Lindauer
Tue Jan 13, 2015 3:59 pm
 
Forum: Investing - Theory, News & General
Topic: Why Is "Deflation" A Bad Thing??? How To Prepare/Profit?
Replies: 87
Views: 6169

Reporter doing story on Turbo Tax Fracas

Hi Everyone: TurboTax has enraged many software users by raising the price for taxpayers who file Schedule C (business), D (capital gains & losses) and E (rental income). Other providers such as H&R Block & TaxAct are trying to capitalize on it by providing free software (Block) and emph...
by Mel Lindauer
Tue Jan 13, 2015 2:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Reporter doing story on Turbo Tax Fracas
Replies: 52
Views: 7129
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