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Re: Please explain a 3% SWR to me

Use VPW and you can probably spend a lot more than 4% and if we do run into a bad market, it cannot fail. (Copied from http://www.bogleheads.org/forum/viewtopic.php?f=10&t=126639&p=2038210#p2038210 ) If one wishes a 100% success rate for not depleting a portfolio in less nor more than 35 ye...
by Phineas J. Whoopee
Wed Apr 23, 2014 4:30 pm
 
Forum: Investing - Theory, News & General
Topic: Please explain a 3% SWR to me
Replies: 72
Views: 3216

Re: Please explain a 3% SWR to me

You don't need to understand it or use it. Everything is only a suggestion. If you don't want to go with 3% then choose not to. It's a matter of one's own risk aversion, and utility function. Four percent is probably going to be good for 30 years but was only ever meant as a crude planning guideline...
by Phineas J. Whoopee
Wed Apr 23, 2014 2:23 pm
 
Forum: Investing - Theory, News & General
Topic: Please explain a 3% SWR to me
Replies: 72
Views: 3216

Re: Question about Mututal Fund Apps

I'm thinking of long absences away from home. I'm a long distance hiker, so absences of 2-6 months are possible. Bill pay would be the most important need. Great, now we're getting somewhere. When I look at: http://www.schwab.com/public/schwab/investing/pricing_services/mobile it says online bill p...
by Phineas J. Whoopee
Wed Apr 23, 2014 1:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Question about Mututal Fund Apps
Replies: 6
Views: 234

Re: Question about Mututal Fund Apps

Let me respond to your question with a question: What do you need or want to do with respect to your investments and / or your Schwab Bank account(s) that you cannot do today without using a smartphone or tablet app? If it's something, then you have the beginnings of a risk/reward tradeoff; if nothi...
by Phineas J. Whoopee
Wed Apr 23, 2014 1:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Question about Mututal Fund Apps
Replies: 6
Views: 234

Re: Reverse Mortgage "Shocker" for Inheritors

... While my inclination would be to file this in the very large category of data mined story about how the big bad banks mistreat the little guy, I would not be surprised if some banks might play a little fast and loose with the above provision. In the case of houses that were severely under water...
by Phineas J. Whoopee
Wed Apr 23, 2014 9:57 am
 
Forum: Investing - Theory, News & General
Topic: Reverse Mortgage "Shocker" for Inheritors
Replies: 7
Views: 1640

Re: Reverse Mortgage "Shocker" for Inheritors

A much better source is Kipplinger which informs us: The balance becomes due upon the death of the last borrower or the failure of any borrower to live in the house for the previous 12 months ("I was in the nursing home" doesn't let anyone off the hook), as one might expect. If no heirs ar...
by Phineas J. Whoopee
Wed Apr 23, 2014 8:43 am
 
Forum: Investing - Theory, News & General
Topic: Reverse Mortgage "Shocker" for Inheritors
Replies: 7
Views: 1640

Re: The History of Credit Bureaus

First non-ad hit on google "credit reporting agency history": History of Credit Bureaus Equifax dates from 1899; Experian from 1980; and TransUnion is from 1968 but originally was a holding company for tank railroad cars. Re: the latter: In 1968, TransUnion was created as the parent holdin...
by Phineas J. Whoopee
Tue Apr 22, 2014 11:35 am
 
Forum: Personal Finance (Not Investing)
Topic: The History of Credit Bureaus
Replies: 1
Views: 231

Re: Town home, good or bad idea?

I agree with other posters that it's a bad idea to go halfsies with a cousin on a long-term commitment like a town home. That said, I partially disagree with some other posters, and partially agree with the rest. Shelter is valuable. It helps a lot. It keeps the rain off your head, keeps your cookin...
by Phineas J. Whoopee
Mon Apr 21, 2014 2:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Town home, good or bad idea?
Replies: 21
Views: 1529

Re: If you have ACA health insurance, what is your experien

Except for grandfathered plans, and requirements-temporarily-waived plans, all health insurance in the United States has to comply with the Affordable Care Act, so what do you mean when you say "ACA health insurance?" Are you asking about group insurance provided as part of an employee's c...
by Phineas J. Whoopee
Mon Apr 21, 2014 1:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: If you have ACA health insurance, what is your experience?
Replies: 166
Views: 7155

Re: Is Stopping SPAM on Yahoo Possible?

I use a Yahoo email address for anything I think is likely to result in spam, and check it once a day. I have another address for serious business, which gets forwarded to my smartphone. Therefore, most of my spam goes to Yahoo. Given the fact email users can't avoid spam, that's the way I like it. ...
by Phineas J. Whoopee
Mon Apr 21, 2014 11:35 am
 
Forum: Personal Consumer Issues
Topic: Is Stopping SPAM on Yahoo Possible?
Replies: 17
Views: 855

Re: Switching Banks

Sure seems like our society as a whole would be better off if the banks didn't reward the good customers and lowered their interest a bit for those that mismanage or get into trouble. Benefiting society as a whole is not a significant motivating factor for a bank. I agree, and furthermore, the lais...
by Phineas J. Whoopee
Fri Apr 18, 2014 9:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Switching Banks
Replies: 30
Views: 2428

Re: 3 researched questions for you re: my portfolio & financ

... Question#1: What do you think of my plan below? + I plan to put the $20K in my roth IRA into VTSAX and $10K from taxable brokerage into VTIAX (after I sell off the other two stocks) in the next few weeks. I have been through a bear market before so I am comfortable with having all of my Roth IR...
by Phineas J. Whoopee
Fri Apr 18, 2014 8:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: 3 researched questions for you re: my portfolio & finances
Replies: 23
Views: 1507

Re: Which: Dividend Growth or High Yield Dividend?

Have you considered a single premium immediate annuity? You will get a good yield at your age, but some will be capital John If I may help clarify, the payout on an SPIA is not the same as a yield. Initially part of it is a return of capital, a point invisible to those who use IRA funds to purchase...
by Phineas J. Whoopee
Fri Apr 18, 2014 8:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Which: Dividend Growth or High Yield Dividend?
Replies: 13
Views: 1437

Re: Hotmail - you get what you pay for?

In this instance you don't get what you do pay for. Large corporations aren't in business to give away value, however effectively the revenue streams may be hidden from the end users.
PJW
by Phineas J. Whoopee
Fri Apr 18, 2014 7:54 pm
 
Forum: Personal Consumer Issues
Topic: Hotmail - you get what you pay for?
Replies: 5
Views: 1255

Re: When are Index Funds purchased?

Orders received "in good order," which includes electronic instructions via their website and auto phone system, are filled at the next closing price. If the order is received, by them, in their opinion, prior to 4:00 PM Eastern Time (standard or daylight saving as the case may be per fede...
by Phineas J. Whoopee
Fri Apr 18, 2014 7:46 pm
 
Forum: Investing - Theory, News & General
Topic: When are Index Funds purchased?
Replies: 4
Views: 538

Re: AA accross multiple accounts

How many tax dollars not reinvested and therefore not compounded is it worth to you to pretend stocks and bonds have identical tax treatment, even using municipal bonds at their interest rate differential and your own tax rate? How many investment dollars both reinvested and therefore compounded wil...
by Phineas J. Whoopee
Fri Apr 18, 2014 6:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: AA accross multiple accounts
Replies: 25
Views: 1122

Re: Vanguard IRA Insights

Vanguard probably doesn't have a good way to obtain this data, but I'd like to see (not so much that I'll fund or conduct the research myself of course, so this is only armchair speculation) a test of the following proposition: Prediction to be tested: Investors favor contributions to Roth IRAs over...
by Phineas J. Whoopee
Fri Apr 18, 2014 4:59 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard IRA Insights
Replies: 7
Views: 865

Re: Switching Banks

... But what i still don't really get is how as someone with years of paying off their credit card in full each and every month would be given a chance to be given money back. I assume it's designed to bet on the fact that things can change and a certain number of people will end up carrying debt a...
by Phineas J. Whoopee
Fri Apr 18, 2014 4:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Switching Banks
Replies: 30
Views: 2428

Re: Retirement defeasance

No argument from me. You can create a ladder using tips and protect against inflation. A good alternative. All I am doing is creating a "red neck" annuity. The least expensive way in present value terms to lock in specific cash flows to meet anticipated annual income requirements given an...
by Phineas J. Whoopee
Fri Apr 18, 2014 3:42 pm
 
Forum: Investing - Theory, News & General
Topic: Retirement defeasance
Replies: 29
Views: 2656

Re: Retirement defeasance

... Each maturity amount represents current spending levels adjusted for inflation. ... How do you know what figures to use for future inflation year by year? PJW The inflation is estimated and simply used to increase the face amount of each zero's future value. This is a hedge against inflation. I...
by Phineas J. Whoopee
Fri Apr 18, 2014 3:14 pm
 
Forum: Investing - Theory, News & General
Topic: Retirement defeasance
Replies: 29
Views: 2656

Re: Lock now or hope rates inch downward?

Hey Psychics! We're trying to decide if we should lock a current mortgage rate *or* hope rates continue the slight downward trend over the next few weeks. (Need to close on a home by May 24 or so). Any sense of what rates might do? Locking is done to limit risk. What would happen if mortgage rates ...
by Phineas J. Whoopee
Fri Apr 18, 2014 3:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Lock now or hope rates inch downward?
Replies: 5
Views: 669

Re: How to avoid ads and not get tracked

... My computer got hijacked by the FBI although they would give it back to me for $250 from Western Union (I declined) and I got a new computer. I never logged onto facebook and it doesn't know me anywhere. Great happiness. They, not the FBI certainly, got me once. I took out a spare computer and ...
by Phineas J. Whoopee
Fri Apr 18, 2014 2:41 pm
 
Forum: Personal Consumer Issues
Topic: How to avoid ads and not get tracked
Replies: 49
Views: 2757

Re: Fixed Income Categories

The two main categories of assets, and this thinking is not original to me, are: -- Things that are pretty risky, like stocks; and -- Things that are not nearly so risky as stocks. For shorthand we tend to say "stocks and bonds." Total Bond, savings bonds, CDs, and a savings account at a b...
by Phineas J. Whoopee
Fri Apr 18, 2014 2:27 pm
 
Forum: Investing - Theory, News & General
Topic: Fixed Income Categories
Replies: 19
Views: 1168

Re: Retirement defeasance

And I don't think you can get zero coupon TIPS, which is what you actually need. Right. Barclay's tried and demand simply wasn't enough to make it worthwhile for them to continue. However, and in an only quarter-joking sense, the only thing the large institution does to create zeroes is buy the und...
by Phineas J. Whoopee
Fri Apr 18, 2014 1:47 pm
 
Forum: Investing - Theory, News & General
Topic: Retirement defeasance
Replies: 29
Views: 2656

Re: Retirement defeasance

Sard wrote:... Each maturity amount represents current spending levels adjusted for inflation. ...

How do you know what figures to use for future inflation year by year?
PJW
by Phineas J. Whoopee
Fri Apr 18, 2014 1:33 pm
 
Forum: Investing - Theory, News & General
Topic: Retirement defeasance
Replies: 29
Views: 2656

Re: I need a new coffee maker, any recommendations?

One more thing - in this particular case, going for the major brand name Melitta is worth it, even though it's about 50% more expensive (around $6, rather than $4). The principal knock-off brand (any patent must have expired long ago) has too many holes in the bottom, letting the coffee run out too ...
by Phineas J. Whoopee
Thu Apr 17, 2014 4:47 pm
 
Forum: Personal Consumer Issues
Topic: I need a new coffee maker, any recommendations?
Replies: 60
Views: 2262

Re: I need a new coffee maker, any recommendations?

... I'm thinking seriously about this. I like the idea of not having another giant coffee maker on my countertop. I only drink 1-2 cups a day but the wife drinks more so I'm torn. Get two. When you both want coffee at the same time heat enough water for two cups / mugs / beakers / demitasse or what...
by Phineas J. Whoopee
Thu Apr 17, 2014 4:18 pm
 
Forum: Personal Consumer Issues
Topic: I need a new coffee maker, any recommendations?
Replies: 60
Views: 2262

Re: I need a new coffee maker, any recommendations?

It isn't what you asked for, but I loves me my Melitta cone manual drip brewer for more than a quarter century now. PJW So with this you just pour the hot water over the grounds? Do you microwave the water to get it hot? The water doesn't care how it gets hot. I personally use a whistling kettle on...
by Phineas J. Whoopee
Thu Apr 17, 2014 3:45 pm
 
Forum: Personal Consumer Issues
Topic: I need a new coffee maker, any recommendations?
Replies: 60
Views: 2262

Re: I need a new coffee maker, any recommendations?

It isn't what you asked for, but I loves me my Melitta cone manual drip brewer for more than a quarter century now.
PJW
by Phineas J. Whoopee
Thu Apr 17, 2014 3:19 pm
 
Forum: Personal Consumer Issues
Topic: I need a new coffee maker, any recommendations?
Replies: 60
Views: 2262

Re: Google 2 step verification assistance

... Google also offers one-time use codes to use as part of the two-factor authentication. I have these printed out and stuffed into a corner of my wallet. So if I lost or didn't have access to my phone and needed to access my Google account from a public computer, I could just use one of the one-t...
by Phineas J. Whoopee
Thu Apr 17, 2014 10:48 am
 
Forum: Personal Consumer Issues
Topic: Google 2 step verification assistance
Replies: 11
Views: 704

Re: Google 2 step verification assistance

I hadn't known of the Google Authenticator either, so that's good information, and Wikipedia even has a list of sites where it can be used. With respect to Google particularly, besides un-logged-in searching I only use Gmail, Google Calendar, and Google Tasks, all of which are linked to my smartphon...
by Phineas J. Whoopee
Thu Apr 17, 2014 10:36 am
 
Forum: Personal Consumer Issues
Topic: Google 2 step verification assistance
Replies: 11
Views: 704

Re: Does this strategy invite unnecessary risk?

I see. And how young is "young"? And when does "not young" begin? Great questions. I think of myself as a young investor, though of course many people are younger than me who are smart enough to invest, but I will be working 30+ more years of my life and that amount of time to e...
by Phineas J. Whoopee
Thu Apr 17, 2014 10:16 am
 
Forum: Investing - Theory, News & General
Topic: Does this strategy invite unnecessary risk?
Replies: 42
Views: 2569

Re: Question regarding security door

Hi indexer, FRANK2009's suggestion is by far the best up to now and I endorse it, but in terms of priceless looks on faces and expert salespeople, I think you and your wife should demand the sales guy show you proofs of his arrests and convictions, by which he's earned your trust, and that he's full...
by Phineas J. Whoopee
Wed Apr 16, 2014 7:38 pm
 
Forum: Personal Consumer Issues
Topic: Question regarding security door
Replies: 11
Views: 796

Re: Let's compare 2013 effective tax rates

cowboysFan wrote:...
No, the gasoline tax only provides part of the money needed to fund the federal roads.

Thank you, then, for the correction on that aspect of what I wrote (and invited correction on).
PJW
by Phineas J. Whoopee
Wed Apr 16, 2014 7:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Let's compare 2013 effective tax rates
Replies: 46
Views: 2151

Re: Let's compare 2013 effective tax rates

cowboysFan wrote:...I drive on federal highways, but no one suggests I deduct the value of driving on federal highways from my income tax.

Correct me if I'm wrong, but isn't that a consumption tax on fuel?

There's a reason I made the distinction between income tax and taxes based on income, after all.

PJW
by Phineas J. Whoopee
Wed Apr 16, 2014 7:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Let's compare 2013 effective tax rates
Replies: 46
Views: 2151

Re: Zero Coupon or CD's Nominal Bonds in Liability Matching

All CDs I know of reinvest interest if the depositor chooses, even compound it, at the original rate, so there's none of that risk during their terms. Not true for brokered CDs. 'k. It's still true for what I said, with respect to anything I've looked into, "All CDs I know of." I defer to...
by Phineas J. Whoopee
Wed Apr 16, 2014 6:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Zero Coupon or CD's Nominal Bonds in Liability Matching Port
Replies: 3
Views: 186

Re: Let's compare 2013 effective tax rates

... Does this include Social Security and Medicare for everyone? If not, can someone help me come up with a better (but still simple) formula? I'd like Social Security and Medicare to be included if it's convenient. That's the point. What do you want included, and what don't you want, and what use ...
by Phineas J. Whoopee
Wed Apr 16, 2014 5:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Let's compare 2013 effective tax rates
Replies: 46
Views: 2151

Re: Zero Coupon or CD's Nominal Bonds in Liability Matching

Hi antiqueman, I think there may be terminology problems. Reinvestment risk refers to having to reinvest interest payments at a rate other than the original rate of the bond. All CDs I know of reinvest interest if the depositor chooses, even compound it, at the original rate, so there's none of that...
by Phineas J. Whoopee
Wed Apr 16, 2014 5:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Zero Coupon or CD's Nominal Bonds in Liability Matching Port
Replies: 3
Views: 186

Re: Let's compare 2013 effective tax rates

corysold wrote:Is there some guideline as to where you should be?

From what I can tell, I was at 4.2%.

Yes, there is. U.S. Code Title 26.
PJW
by Phineas J. Whoopee
Wed Apr 16, 2014 5:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Let's compare 2013 effective tax rates
Replies: 46
Views: 2151

Re: Does this strategy invite unnecessary risk?

I see. And how young is "young"? And when does "not young" begin? And how slight is "slight"? And what about cautions that following the method only can possibly make sense if the course is stayed over decades (even if you believe the creation of "stories" mak...
by Phineas J. Whoopee
Wed Apr 16, 2014 4:48 pm
 
Forum: Investing - Theory, News & General
Topic: Does this strategy invite unnecessary risk?
Replies: 42
Views: 2569

Re: Keep passwords in USB thumb drive: good idea?

Thanks everyone. Using a password manager feels wrong because I am trusting an outside entity, but I have to get over it and bite the bullet. I'll read the "KeePass vs LastPass" thread to decide which one is best for a MacBook Pro. Dang. Thought we had a simple solution. :? I agree. There...
by Phineas J. Whoopee
Wed Apr 16, 2014 4:39 pm
 
Forum: Personal Consumer Issues
Topic: Keep passwords in USB thumb drive: good idea?
Replies: 43
Views: 2028

Re: Let's compare 2013 effective tax rates

Very confused how an effective rate could be higher than your bracket. Self employment tax goes on your return. 25 + 13 = 38 (there are offsets). Ah, the old "what do you mean when you use the term tax rates" trick. I fell for that just last month. * Income tax is the income tax. Payroll ...
by Phineas J. Whoopee
Wed Apr 16, 2014 2:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Let's compare 2013 effective tax rates
Replies: 46
Views: 2151

Re: Deciding on a new HDHP

Agreeing there are other considerations, two things I like to look at are worst-case costs and likely costs. The first is easy. Add up all the monthly premiums and the out of pocket maximum. That's the money you're putting at risk. For the second again add up premiums, then add what you expect your ...
by Phineas J. Whoopee
Wed Apr 16, 2014 1:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Deciding on a new HDHP
Replies: 3
Views: 305

Re: Let's compare 2013 effective tax rates

sscritic wrote:...
There are too many ways to count income!

If only there was too much income to count! :sharebeer
PJW
by Phineas J. Whoopee
Wed Apr 16, 2014 1:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Let's compare 2013 effective tax rates
Replies: 46
Views: 2151

Re: Let's compare 2013 effective tax rates

Although I'm not willing to post what they work out to, besides my effective tax rate, just out of curiosity and because I have the numbers in front of me at that moment I enjoy calculating the rate taking all income-based taxing entities into account on Federal AGI, on Federal Total Income (1040 li...
by Phineas J. Whoopee
Wed Apr 16, 2014 12:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Let's compare 2013 effective tax rates
Replies: 46
Views: 2151

Re: High Yield Bonds as an Annuity?

Hi mptfan, Yes, your central point is correct. The total return of a portfolio is its total return, regardless of what it contains. If it only contains a high-yield bond fund, it still applies. OP was asking about the equivalence of an investment in high-yield bonds to an income annuity, using the d...
by Phineas J. Whoopee
Wed Apr 16, 2014 10:58 am
 
Forum: Investing - Theory, News & General
Topic: High Yield Bonds as an Annuity?
Replies: 23
Views: 1697

Re: Tax Withholding with After-Tax Adjustments to Income

I am independently investing in an HSA (my company does not have a HDHP or HSA ) with after-tax contributions. ... Really? Or was that a typo? If you don't have a High Deductible Health Plan you aren't eligible to contribute to an HSA this year. Health insurers are required to send the IRS a list o...
by Phineas J. Whoopee
Wed Apr 16, 2014 10:02 am
 
Forum: Personal Finance (Not Investing)
Topic: Tax Withholding with After-Tax Adjustments to Income
Replies: 6
Views: 304

Re: Can this 4% CD be trusted?

Sun Cities is specifically mentioned in this article... http://www.wyll.com/finances/11708628/ I wonder whether the marks are encouraged to come back into the office in three months to pick up their checks and have little chats about what they should do with all their monies next . I can't imagine ...
by Phineas J. Whoopee
Tue Apr 15, 2014 8:29 pm
 
Forum: Investing - Theory, News & General
Topic: Can this 4% CD be trusted?
Replies: 21
Views: 2424

Re: Can this 4% CD be trusted?

Assuming that the local salesman makes money on a CD sale, where does his pay come from if the bank does not pay a commission/fee to his employer. From the marks who foolishly expose themselves to compelling salespeople and buy the financial snake oil they're hawking along with the loss leader whic...
by Phineas J. Whoopee
Tue Apr 15, 2014 7:42 pm
 
Forum: Investing - Theory, News & General
Topic: Can this 4% CD be trusted?
Replies: 21
Views: 2424

Re: 401k help

... The only one that looks appealing is the JH 500 Index Fund with a ER of 0.53. I appreciate your responses/opinions. You're right that it's the least bad. Does your wife intend to stay a long time with the employer? If not it can make sense to contribute a lot because upon departure it can be ro...
by Phineas J. Whoopee
Tue Apr 15, 2014 7:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k help
Replies: 6
Views: 332
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