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Re: LTC will pay for assisted living

That sounds to me like state law, not a universal principle I believe that's mandated by federal regulation. Good thing for me the rest of the sentence, which you silently elided, was: , but I suppose I could be wrong. ... Really, I don't mind being corrected. I do mind being deliberately and misle...
by Phineas J. Whoopee
Wed Feb 11, 2015 7:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: LTC will pay for assisted living
Replies: 15
Views: 965

Re: LTC will pay for assisted living

... As I understand it, once you are a resident of a nursing you can't be thrown out if you run out of money and then qualify for Medicaid. At that point, I think that any income like SS gets turned over to the nursing home and you can stay indefinitely. ... That sounds to me like state law, not a ...
by Phineas J. Whoopee
Wed Feb 11, 2015 7:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: LTC will pay for assisted living
Replies: 15
Views: 965

Re: A question about LTC insurance that no one asks

Doesn't your reasoning show Single Premium Immediate Annuities don't exist?
PJW
by Phineas J. Whoopee
Wed Feb 11, 2015 6:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: A question about LTC insurance that no one asks
Replies: 19
Views: 1666

Re: A question about LTC insurance that no one asks

MathWizard wrote:...
A lot of this is a question of trust in a company which does not necessarily have its interests aligned with mine.

Aside from wishing to remain in the highly-regulated and therefore reliably-profitable insurance business, when is an insurer's interest ever aligned with a claimant's?
PJW
by Phineas J. Whoopee
Wed Feb 11, 2015 6:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: A question about LTC insurance that no one asks
Replies: 19
Views: 1666

Re: How/when does upgrade to Voyager Select happen?

The upgrade may not be automatic, but if it was (like it should be) it sure would make for a much better experience for the customer . You're right about that. I don't have inside knowledge, but based on hints and bits of information that come out from time to time, I think the infrequent automated...
by Phineas J. Whoopee
Wed Feb 11, 2015 5:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: How/when does upgrade to Voyager Select happen?
Replies: 14
Views: 1575

Re: Long term care insurance?

Just one thought. Think of the runarounds that are not uncommon when it comes to health insurance claims. Now imagine you are incapable of representing yourself and you get those same runarounds from your LTCI company. Hopefully someone will be there to represent you. My plan, should I get there, i...
by Phineas J. Whoopee
Wed Feb 11, 2015 4:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance?
Replies: 37
Views: 3439

Re: LTC will pay for assisted living

It depends on the policy. Mine explicitly states it doesn't pay for living expenses except if one is in a nursing home. That probably makes it cheaper. It probably also means it was written more recently than your uncle's. Nonetheless, as I posted earlier today , I'm happy with my policy and plan to...
by Phineas J. Whoopee
Wed Feb 11, 2015 4:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: LTC will pay for assisted living
Replies: 15
Views: 965

Re: A question about LTC insurance that no one asks

... OK, I get all that, but does anyone ever consider that they might need long term care before they get really old? That's the thing I worry about most. What if my husband and/or I were disabled and couldn't work? We have disability insurance, but what if we also needed care? ... I did, and it wa...
by Phineas J. Whoopee
Wed Feb 11, 2015 3:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: A question about LTC insurance that no one asks
Replies: 19
Views: 1666

Re: How/when does upgrade to Voyager Select happen?

You could phone them and ask for the upgrade now, or wait until their business process says for their computers to evaluate accounts, which may be several months away. I don't know their processes.

I bet they'll upgrade you immediately if you ask.

PJW
by Phineas J. Whoopee
Wed Feb 11, 2015 3:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: How/when does upgrade to Voyager Select happen?
Replies: 14
Views: 1575

Re: Bonds vs Money Market

Hi drhoda, and welcome to the forum! At 40 years of age, and beginning from a 90/10 allocation, it doesn't matter much what you use for fixed income. Some here would suggest long-term Treasuries for such an extreme allocation, even down to 80/20, as you say you're thinking of modestly reducing risk,...
by Phineas J. Whoopee
Wed Feb 11, 2015 2:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bonds vs Money Market
Replies: 4
Views: 560

Re: When Do Vanguard Target Date Funds Adjust Alloc?

NightFall's link shows a glide-path graph toward the bottom, just above the footnotes.
PJW
by Phineas J. Whoopee
Wed Feb 11, 2015 2:10 pm
 
Forum: Investing - Theory, News & General
Topic: When Do Vanguard Target Date Funds Adjust Alloc?
Replies: 6
Views: 643

Reuters: The Case for an Efficient Cup of Coffee

... Traders often quip that before single serve coffee pods gained prominence, the sink was the world’s largest coffee consumer ... I guess I've been modern for a quarter century and more. Does anybody calculate their single-serve pod-dealy-things save money versus manually pouring hot water into a...
by Phineas J. Whoopee
Wed Feb 11, 2015 3:17 am
 
Forum: Personal Consumer Issues
Topic: Reuters: The Case for an Efficient Cup of Coffee
Replies: 7
Views: 1324

Re: Vanguard Ultra-Short-Term Bond Fund now available

But this is not endemic to this class of fund. This could happen to any fund where there are enough redemptions to cause liquidation at fire sale prices. right? The mainline bond funds all invest in more or less the same securities, therefore redemptions at any one, as you've suggested, wouldn't ca...
by Phineas J. Whoopee
Wed Feb 11, 2015 2:36 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard Ultra-Short-Term Bond Fund now available
Replies: 35
Views: 3950

Re: Too much money in bank money market account?

BL wrote:...
I don't want any financial advice from my kids, and I am their age!

You're your kids' age? :?: :!: :D :o :( :wink: :twisted:
PJW
by Phineas J. Whoopee
Wed Feb 11, 2015 1:00 am
 
Forum: Personal Finance (Not Investing)
Topic: Too much money in bank money market account?
Replies: 33
Views: 2598

Re: Attempting to increase retirement contributions by 5%.

Great, thanks for the additional information. Maybe I can help a little. First off, I would never suggest you cut back on the donations which we all can see are important to you, unless you clearly were on the verge of becoming homeless. You yourself expressed doubt about the wireless bill. Dependin...
by Phineas J. Whoopee
Wed Feb 11, 2015 12:58 am
 
Forum: Personal Finance (Not Investing)
Topic: Attempting to increase retirement contributions by 5%.
Replies: 25
Views: 1925

Re: Attempting to increase retirement contributions by 5%.

For the everyday expenses, presumably those aren't the numbers every day. Over what period of time are you quoting them?

Same question for the rainy day funds. Presumably that isn't what you set aside on rainy days. :happy

Are they all monthly?

PJW
by Phineas J. Whoopee
Wed Feb 11, 2015 12:02 am
 
Forum: Personal Finance (Not Investing)
Topic: Attempting to increase retirement contributions by 5%.
Replies: 25
Views: 1925

Re: Too much money in bank money market account?

What are your parents' goals? What are their emotional worries? What are their intellectual concerns, legitimate in your mind or otherwise? What are your goals? Are you letting them influence you? I'm not casting an aspersion, just suggesting full self-examination. It's always worth introspection, w...
by Phineas J. Whoopee
Tue Feb 10, 2015 11:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Too much money in bank money market account?
Replies: 33
Views: 2598

Re: MedicAlert bracelet restricting care to in-network docto

I bet your insurance company follows the letter of the law on covering emergency care wherever the ambulance driver takes you. I wouldn't be surprised if, once you're stable enough to be moved, it covers ground (or if necessary, air) ambulance to bring you to a covered facility. Balance billing is a...
by Phineas J. Whoopee
Tue Feb 10, 2015 9:29 pm
 
Forum: Personal Consumer Issues
Topic: MedicAlert bracelet restricting care to in-network doctors?
Replies: 18
Views: 1010

Re: Vanguard Ultra-Short-Term Bond Fund now available

I don't understand the advantage of FDIC in this case: isn't FDIC insurance and Treasury bonds exposed to essentially the same default risk *? They're both backed the US government. ... Based on the information that is on Vanguard's web page (no criticism, they can hardly be expected to report the ...
by Phineas J. Whoopee
Tue Feb 10, 2015 8:55 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard Ultra-Short-Term Bond Fund now available
Replies: 35
Views: 3950

Re: Is it time to give-up on TIPS?

... Just read the article. Why does he say to put TIPS in taxable though?? Much, although by no means all, of Roth's point in the article is about taxes. Sometimes, here at bogleheads.org, there's a view expressed that TIPS are terrible in taxable accounts, because one has to pay income tax on the ...
by Phineas J. Whoopee
Tue Feb 10, 2015 7:39 pm
 
Forum: Investing - Theory, News & General
Topic: Is it time to give-up on TIPS?
Replies: 75
Views: 9089

Re: just starting my roth IRA: which funds to choose?

Hi ziweiguan, and welcome to the forum! Several options you've listed are very much anti-Boglehead philosophy (not that nobody who self-identifies as a Boglehead ever chooses any of them :happy ). I'd say the best course of action is for you to leave the assets in the money market fund while you exp...
by Phineas J. Whoopee
Tue Feb 10, 2015 4:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: just starting my roth IRA: which funds to choose?
Replies: 12
Views: 796

Re: A Janitor's Secret to Building Wealth

Where are the news stories about the people who died penniless, despite having tried to invest for 65 years?

Oh, right. Selective reporting bias.

We hear about the ones who did well, and occasionally those who deserved to do well but didn't. We don't hear about the others.

PJW
by Phineas J. Whoopee
Mon Feb 09, 2015 9:42 pm
 
Forum: Investing - Theory, News & General
Topic: [Janitor in Vermont leaves millions] A true Boglehead!
Replies: 47
Views: 2988

Re: talk me out of it - investing in oil

... A very nice explanation PJW, Thank you. :happy however, Oh-oh. :( (and I'm quite the amateur at this), wouldn't your average investor who wants to engage in trading commodity futures (haha), be guaranteed to lose if a market is in contango and they go long futures contracts? Not being able to s...
by Phineas J. Whoopee
Mon Feb 09, 2015 8:56 pm
 
Forum: Investing - Theory, News & General
Topic: talk me out of it - investing in oil
Replies: 50
Views: 4735

Re: Currency-Hedged International Funds? Why?

... Let me ask you this also- if Vanguard offered an identical total international stock fund at the same cost but it was hedged, would you buy the hedged or the unhedged fund? I'm not nisi, but I personally would buy, in fact have bought, the unhedged fund. Hedged international equity funds are re...
by Phineas J. Whoopee
Mon Feb 09, 2015 6:16 pm
 
Forum: Investing - Theory, News & General
Topic: Currency-Hedged International Funds? Why?
Replies: 8
Views: 648

Re: TIPS - Right Priced but Right Investment?

... I alway enjoy reading your post. Thank you for saying so. I'm happy you like them. :happy What do you mean by "highly exposed"? Are you referring to people with a large FI component in their AA? What I meant by highly exposed to inflation risk, and perhaps I should have been more expl...
by Phineas J. Whoopee
Mon Feb 09, 2015 5:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: TIPS - Right Priced but Right Investment?
Replies: 14
Views: 1449

Re: talk me out of it - investing in oil

... "Oooh! Oooh! Oooh!" (Arnold Horshack raises his hand in class) Could it be... "contango"? I looked it up, thanks to Nisi's clues, but I still don't know what it really means, even after reading the Investopedia definition :P Nice cultural reference. I'll try to go a bit beyo...
by Phineas J. Whoopee
Mon Feb 09, 2015 12:24 am
 
Forum: Investing - Theory, News & General
Topic: talk me out of it - investing in oil
Replies: 50
Views: 4735

Re: Bond Index Funds

Looking for some feedback on using World Bond Index Funds as part of an all Index Portfolio and the listing of any specific ones to look at. Hi lostboy, and welcome to the forum, and I hope now you feel less lost. I'm afraid you probably need to be more specific. I googled world bond index funds an...
by Phineas J. Whoopee
Sun Feb 08, 2015 10:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bond Index Funds
Replies: 2
Views: 698

Re: talk me out of it - investing in oil

Global demand picks up as global prices go down. Keynesians and Austrians agree on that. In international currency and commodities markets no quarter is expected, and none is given. I ask again, what is your objective for the funds in question, and why do you think you can make better predictions th...
by Phineas J. Whoopee
Sun Feb 08, 2015 10:31 pm
 
Forum: Investing - Theory, News & General
Topic: talk me out of it - investing in oil
Replies: 50
Views: 4735

Re: talk me out of it - investing in oil

What is your objective with respect to the funds you're talking about? How likely is it you will stay the course for your planned five years? What do you know about the next five years of oil prices OPEC doesn't know? Why do you think OPEC countries won't use their inside knowledge to take advantage...
by Phineas J. Whoopee
Sun Feb 08, 2015 10:09 pm
 
Forum: Investing - Theory, News & General
Topic: talk me out of it - investing in oil
Replies: 50
Views: 4735

Re: Is Risk Real?

...A long recovery is a problem (as in the 2000 crash, which is still not recovered as of mid-2014 in terms of real-dollars, measured by price of the S&P 500). 'q. You've said you spend dividends, rather than reinvesting them, I remember that well enough. You have to remember dividends come dir...
by Phineas J. Whoopee
Sun Feb 08, 2015 9:43 pm
 
Forum: Investing - Theory, News & General
Topic: Is Risk Real?
Replies: 74
Views: 3826

Re: What's the scoop on all these advisor newsletters?

telemark wrote:... They want everyone to share the benefits of their wonderful discoveries, for only a low low price. You have to admire that kind of altruism :wink:

That way every investor can beat the market!
PJW
by Phineas J. Whoopee
Sun Feb 08, 2015 8:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: What's the scoop on all these advisor newsletters?
Replies: 11
Views: 740

Re: TIPS - Right Priced but Right Investment?

Thank you for saying so, blueleaf.
PJW
by Phineas J. Whoopee
Sun Feb 08, 2015 8:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: TIPS - Right Priced but Right Investment?
Replies: 14
Views: 1449

Re: Is Risk Real?

... Your answer was fine. I am just trying to frame the issue in a bit different way so we can hopefully view risk though a different lens. For instance, why do some investors see 100% stocks as OK . Must be no risk , while others are appalled at the idea. Is one of these sides completely wrong? Ay...
by Phineas J. Whoopee
Sun Feb 08, 2015 7:49 pm
 
Forum: Investing - Theory, News & General
Topic: Is Risk Real?
Replies: 74
Views: 3826

Re: Is Risk Real?

... PJW says: To me, volatility is risk to the extent of sequence-of-returns risk I think this adds some perspective to the SD/volatility as risk, but if time needed for asset use is a long way off is volatility still risk in the present? How long will a bad sequence of returns continue? ... Indeed...
by Phineas J. Whoopee
Sun Feb 08, 2015 6:16 pm
 
Forum: Investing - Theory, News & General
Topic: Is Risk Real?
Replies: 74
Views: 3826

Re: TIPS - Right Priced but Right Investment?

mnmac1 wrote:Phineas - could you please comment on this TIPS post also?
thank you

viewtopic.php?f=1&t=157695&newpost=2367477

Done.
PJW
by Phineas J. Whoopee
Sun Feb 08, 2015 5:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: TIPS - Right Priced but Right Investment?
Replies: 14
Views: 1449

Re: TIPs ladder?

Mnmac, in a different thread about TIPS , asked me to comment on these questions. Here goes: ... The questions: A. should one wait on buying the TIPs ladder until interest rates go up? It depends entirely upon why you're interested in TIPS, which your assumptions section doesn't state. There is no a...
by Phineas J. Whoopee
Sun Feb 08, 2015 5:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: TIPs ladder?
Replies: 15
Views: 1013

Re: Is Risk Real?

Risk, for me, is failing in my investing mission, which after lots of thought I finally was able to formulate as: to meet my future financial needs, and within reason wants, without taking undue risk . My mission statement includes a variable tradeoff between wants and risk. To me, volatility is ris...
by Phineas J. Whoopee
Sun Feb 08, 2015 5:19 pm
 
Forum: Investing - Theory, News & General
Topic: Is Risk Real?
Replies: 74
Views: 3826

Re: TIPS - Right Priced but Right Investment?

TIPS, or real-return bonds, are, in my opinion, best understood by comparison with nominal-return bonds. I'll call them TIPS and nominals. The major participants in the bond market buy and sell both types. It isn't as if there's one population using TIPS, and a different using nominals. That's good,...
by Phineas J. Whoopee
Sun Feb 08, 2015 5:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: TIPS - Right Priced but Right Investment?
Replies: 14
Views: 1449

Re: Rate of return charts for mutual funds

Yes. Mutual fund returns are reported net of expense ratios. There are other things funds spend money on, like trading costs, that are not explicitly called out in the ER, but still reduce the return. It's all included in the reported return numbers. To run good comparisons you should be sure to use...
by Phineas J. Whoopee
Sun Feb 08, 2015 4:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Rate of return charts for mutual funds
Replies: 2
Views: 182

Re: Possibly Getting a New Job - 401k Rolling Questions

There's a possibility in the new next few months that I will be working for a different company. If I do end up leaving, I would like to roll my 401k, all Roth contributions on my end, into a Roth IRA with Vanguard. Hope the opportunity works out for you. My question is now this: I already have a R...
by Phineas J. Whoopee
Sun Feb 08, 2015 4:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Possibly Getting a New Job - 401k Rolling Questions
Replies: 5
Views: 411

Re: Are Treasury Bond Fund dividends taxable in NY?

After a brief search, I am still looking for an answer to this simple question. Are ordinary dividends from a mutual fund that is 100% in Treasury bonds taxable in New York? No, nor in any state, or any municipality within one. If the answer is No, then I assume that I may claim the dividends as a ...
by Phineas J. Whoopee
Sun Feb 08, 2015 3:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Are Treasury Bond Fund dividends taxable in NY?
Replies: 4
Views: 292

Re: Next decade outlook from Vanguard CEO

Maybe McNabb's right, and maybe he's wrong. Maybe some of it is right-ish and some is wrong-ish. He doesn't know the future, and neither do we. My preference would be for him to spend his time, and therefore our money, figuring out how to run index funds still more inexpensively. At least he isn't u...
by Phineas J. Whoopee
Fri Feb 06, 2015 9:49 pm
 
Forum: Investing - Theory, News & General
Topic: Next decade outlook from Vanguard CEO
Replies: 17
Views: 2076

Re: Foreign to energy

Much of my foreign is in energy, simply via total-market indexing. I've no need to sell the one to buy the other.
PJW
by Phineas J. Whoopee
Fri Feb 06, 2015 8:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Foreign to energy
Replies: 10
Views: 728

Re: Vanguard and Corporate Governance

Should we try to reach consensus among ourselves on what Vanguard should vote for , before suggesting they should vote? PJW Who is "we"? And how would they do that given the number of companies (thousands), proxy ballot measures (often dozens per company) and holders of Vanguard mutual fu...
by Phineas J. Whoopee
Fri Feb 06, 2015 7:33 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard and Corporate Governance
Replies: 7
Views: 564

Re: Found $100 Bill at Walmart

Christine_NM wrote:
AviN wrote:Which, of course, is evidence against the efficient markets hypothesis.


Maybe not. I dropped a $100 bill at Trader Joe's last week.

That merely contradicts the efficient supermarket shopper hypothesis.
PJW
by Phineas J. Whoopee
Fri Feb 06, 2015 7:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Found $100 Bill at Walmart
Replies: 161
Views: 11783

Re: Dave Ramsey says you shouldn't own bonds?

... You are also correct that the broad consensus among just about everyone else is that most people should hold bonds, in some amount, in their retirement portfolio. ... ... In my own case even though I am retired, I have 75%+ of my income covered by "bond equivalents" - pensions & S...
by Phineas J. Whoopee
Fri Feb 06, 2015 7:29 pm
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey says you shouldn't own bonds?
Replies: 64
Views: 8808

Re: Vanguard and Corporate Governance

Should we try to reach consensus among ourselves on what Vanguard should vote for, before suggesting they should vote?
PJW
by Phineas J. Whoopee
Fri Feb 06, 2015 7:15 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard and Corporate Governance
Replies: 7
Views: 564

Re: Found $100 Bill at Walmart

AviN wrote:Which, of course, is evidence against the efficient markets hypothesis.

I don't want to re-argue that, but my conjecture is evidence for the efficient marketing hypothesis.
PJW
by Phineas J. Whoopee
Fri Feb 06, 2015 7:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Found $100 Bill at Walmart
Replies: 161
Views: 11783

Re: Found $100 Bill at Walmart

This thread having been resurrected, and my not having read all of it, but my having recently participated in the efficient market hypothesis says that which it clearly does not say exchanges, may I only suggest that OP couldn't have found a $100 bill on the floor at Walmart, because if there were a...
by Phineas J. Whoopee
Fri Feb 06, 2015 7:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Found $100 Bill at Walmart
Replies: 161
Views: 11783
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