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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: 21
Views: 1597

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: 21
Views: 1238

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: 1315

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: 1140

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: 491

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: 996

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: 804

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: 21
Views: 1597

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: 22
Views: 1984

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: 22
Views: 1984

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: 633

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: 2574

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: 1097

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: 22
Views: 1984

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: 22
Views: 1984

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: 2140

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: 2140

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: 2140

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: 2140

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: 682

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: 682

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: 36
Views: 2115

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: 788

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: 2131

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: 2131

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: 184

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: 2131

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: 184

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: 2131

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: 36
Views: 2115

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: 1991

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: 2131

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: 298

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: 2131

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: 2131

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: 1658

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: 296

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: 2402

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: 2402

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: 320

Re: Negative Cash

Yes. Stop expecting my portfolio's returns to subsidize your choice to hold a money market fund in a Variable Annuity under present conditions. Especially stop expecting my portfolio's returns to subsidize the costs of active trading on your part (or it wouldn't matter what the MMF returned because ...
by Phineas J. Whoopee
Tue Apr 15, 2014 6:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Negative Cash
Replies: 4
Views: 645

Re: Can this 4% CD be trusted?

It may be one of these: http://www.mymoneyblog.com/new-marketing-trick-3-month-fdic-insured-cds-with-really-high-rates.html I value my time too much, so won't go to insurance and time-share type pitches for the freebies. I especially like the print-not-so-fine-you-can't-read-it-but-almost-fine-enou...
by Phineas J. Whoopee
Tue Apr 15, 2014 6:06 pm
 
Forum: Investing - Theory, News & General
Topic: Can this 4% CD be trusted?
Replies: 21
Views: 2402

Re: Investments/Allocations

... That is clearly no illusion! The payouts are not illusory. That they're better than selling shares, which is what OP asked about, and what I wrote about in my answer, which was never that payouts are an illusion as you know very well so why distort what others say, is illusory. Isn't this the w...
by Phineas J. Whoopee
Tue Apr 15, 2014 3:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investments/Allocations
Replies: 11
Views: 658

Re: A Ceramics Question

I want to say one word to you. Just one word. Are you listening? Gazpacho. PJW Phineas, I don't think I can repair the bowls using Gazpacho. Jeff Yes, I probably should have deleted the post. Originally it began by referring to http://www.replacements.com, but then I realized you'd already mentione...
by Phineas J. Whoopee
Tue Apr 15, 2014 2:47 pm
 
Forum: Personal Consumer Issues
Topic: A Ceramics Question
Replies: 9
Views: 507

Re: A Ceramics Question

I want to say one word to you. Just one word. Are you listening?

Gazpacho.

PJW
by Phineas J. Whoopee
Tue Apr 15, 2014 2:14 pm
 
Forum: Personal Consumer Issues
Topic: A Ceramics Question
Replies: 9
Views: 507

Re: Question regarding security door

With respect to solid vs hollow steel bars in the security doors, here are my only thoughts: 1) What do you want to secure the entrances against? Will solid vs. hollow make a meaningful difference against that threat? 2) How strong do the doors need to be to convince a determined breaker-and-enterer...
by Phineas J. Whoopee
Tue Apr 15, 2014 1:50 pm
 
Forum: Personal Consumer Issues
Topic: Question regarding security door
Replies: 11
Views: 788

Re: Investments/Allocations

... I've had several discussions with a friend of mine who indicated that without dividend fund to throw off income, I would simply be eating up my capital. Not sure I buy this, as his scenario would seem to open up another set of risks/issues. My questions are as follows: 1. The allocation - does ...
by Phineas J. Whoopee
Tue Apr 15, 2014 1:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investments/Allocations
Replies: 11
Views: 658

Re: Bond ladder question

AFAIK, I-Bonds all get lumped together and you can withdraw any part or all at any time, excepting amount under 1-yr holding. Yes, you can redeem any part of a year-or-more old electronic I Bond as long as that amount is at least $25.00, and at least $25.00 remains in the bond. They aren't "lu...
by Phineas J. Whoopee
Tue Apr 15, 2014 12:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bond ladder question
Replies: 7
Views: 803

Re: 40% tax rate???

So everybody making $72,501 or more is paying 40% or more in income tax? So maybe the answer is to get out of business and into long-term investments for the 15% tax rate? :) I'm only half kidding. Great. I'll only half-serious answer. Go ahead. Go Galt. I double dog dare you to. Those dratted poor...
by Phineas J. Whoopee
Mon Apr 14, 2014 8:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: 40% tax rate???
Replies: 26
Views: 1210

Re: The slackening...

Very interesting thread. No one has yet mentioned "The Millionaire Next Door," which provides a slightly different take on this issue. A parent rises from immigrant or blue collar poverty to enormous but generally "hidden" wealth. This person's greatest goal is that (his) childr...
by Phineas J. Whoopee
Mon Apr 14, 2014 1:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: The slackening...
Replies: 57
Views: 5811
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