Search found 2583 matches

by Professor Emeritus
Wed May 20, 2015 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Do most folks pay for trips before going (India)
Replies: 13
Views: 1430

Re: Do most folks pay for trips before going (India)

No Idea but last month I did laundry at a laundromat in Germany with the servant of an Indian family.
She joked that they would not know how to run the machines.
by Professor Emeritus
Wed May 20, 2015 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: How much does social security factor into your retirement income?
Replies: 169
Views: 13278

Re: How much does social security factor into your retirement income?

Edited to add. As an incentive for my wife to support our delay I plan on increasing our income from savings to add incrementally more after our initial filing, which will still stay below the 3.5% but will be a type of reward for tightening the belt for the previous 2.5 years. This will add over 1...
by Professor Emeritus
Wed May 20, 2015 7:51 am
Forum: Investing - Help with Personal Investments
Topic: 457b decisions
Replies: 2
Views: 362

Re: 457b decisions

Important to note that this is a government employer 457 b , totally different and lower risk structure from a private one.
by Professor Emeritus
Wed May 20, 2015 7:29 am
Forum: Personal Finance (Not Investing)
Topic: How much does social security factor into your retirement income?
Replies: 169
Views: 13278

Re: How much does social security factor into your retirement income?

Edited to add. As an incentive for my wife to support our delay I plan on increasing our income from savings to add incrementally more after our initial filing, which will still stay below the 3.5% but will be a type of reward for tightening the belt for the previous 2.5 years. This will add over 1...
by Professor Emeritus
Wed May 20, 2015 6:13 am
Forum: Personal Finance (Not Investing)
Topic: How much does social security factor into your retirement income?
Replies: 169
Views: 13278

Re: How much does social security factor into your retirement income?

John3754 wrote:Why are the millennials increasing in population size until 2036?



Immigration?
by Professor Emeritus
Wed May 20, 2015 6:11 am
Forum: Personal Finance (Not Investing)
Topic: How much does social security factor into your retirement income?
Replies: 169
Views: 13278

Re: How much does social security factor into your retirement income?

Edited to add. As an incentive for my wife to support our delay I plan on increasing our income from savings to add incrementally more after our initial filing, which will still stay below the 3.5% but will be a type of reward for tightening the belt for the previous 2.5 years. This will add over 1...
by Professor Emeritus
Wed May 20, 2015 6:04 am
Forum: Personal Finance (Not Investing)
Topic: How much does social security factor into your retirement income?
Replies: 169
Views: 13278

Re: How much does social security factor into your retirement income?

None. I make my decisions based on the assumption that we will get zero from Social Security. Do you do the same for government bonds? And stock dividends? etc Yes. When the value of my retirement accounts reaches $600,000, I will retire then. Not a moment sooner or later than that. With a paid off...
by Professor Emeritus
Tue May 19, 2015 5:23 pm
Forum: Investing - Theory, News & General
Topic: "Years of Overlooked Red Flags Catch Up to Stockbroker"
Replies: 12
Views: 2316

Re: "Years of Overlooked Red Flags Catch Up to Stockbroker"

Bogleheads: Do you think FINRA, the industry-funded regulatory group, will protect you from dishonest brokers and advisers? Think again. This article should be read by everyone who uses a broker or advisor: Years of Overlooked Red Flags Catch Up to Stockbroker Best wishes. Taylor Quote of the day C...
by Professor Emeritus
Tue May 19, 2015 5:20 pm
Forum: Investing - Theory, News & General
Topic: "Years of Overlooked Red Flags Catch Up to Stockbroker"
Replies: 12
Views: 2316

Re: "Years of Overlooked Red Flags Catch Up to Stockbroker"

All industry groups are like that, healthcare, lawyers - they look after their own. And we are on our own: There are few things harder to accomplish in the U.S. than getting disbarred. According to a study conducted by the American Bar Assn., 1,046 lawyers were disbarred in 2011 — that's less than ...
by Professor Emeritus
Tue May 19, 2015 4:51 pm
Forum: Investing - Theory, News & General
Topic: Supreme Court rules in favor of 401k participants who object to high fees
Replies: 33
Views: 3922

Re: Supreme Court rules in favor of 401k participants who object to high fees

Well if revenue sharing will be a target for lawsuits, I would guess a majority of pension plans (defined contribution ) will lose lawsuits. I would imagine that our small business would simply close down our plan Why? transparency generates economic efficiency. We already contribute 20% of salary ...
by Professor Emeritus
Tue May 19, 2015 3:43 pm
Forum: Investing - Theory, News & General
Topic: Supreme Court rules in favor of 401k participants who object to high fees
Replies: 33
Views: 3922

Re: Supreme Court rules in favor of 401k participants who object to high fees

Well if revenue sharing will be a target for lawsuits, I would guess a majority of pension plans (defined contribution ) will lose lawsuits. I would imagine that our small business would simply close down our plan Why? transparency generates economic efficiency. We already contribute 20% of salary ...
by Professor Emeritus
Tue May 19, 2015 3:38 pm
Forum: Investing - Help with Personal Investments
Topic: Should I sell my company's stock and exchange it for an SP500 index fund?
Replies: 60
Views: 3987

Re: Should I sell my company's stock and exchange it for an SP500 index fund?

- Isn't a 20% tax a pretty high transaction cost that should be avoided?. its not the 20%, its the return on the 20%. You already owe the government 20 % payable when you sell the stock. until you sell you only have a Paper gain' You never count your money when you're sittin' at the table. There'll...
by Professor Emeritus
Tue May 19, 2015 3:29 pm
Forum: Investing - Help with Personal Investments
Topic: Maximizing Taxable Account In Early Stages of Retirement
Replies: 12
Views: 1095

Re: Maximizing Taxable Account In Early Stages of Retirement

Your intuition is wrong. You should be 100% stocks in taxable (assuming your AA allows that) and up the bonds ratio in tax deferred to get to your desired AA. +1 with the tiny caveat that emergency funds should not be in equities. We use VGIAX for the taxable equities fixed income in Tax sheltered ...
by Professor Emeritus
Tue May 19, 2015 1:53 pm
Forum: Investing - Theory, News & General
Topic: Supreme Court rules in favor of 401k participants who object to high fees
Replies: 33
Views: 3922

Re: Supreme Court rules in favor of 401k participants who object to high fees

kmurp wrote:Well if revenue sharing will be a target for lawsuits, I would guess a majority of pension plans (defined contribution ) will lose lawsuits. I would imagine that our small business would simply close down our plan


Why? transparency generates economic efficiency.
by Professor Emeritus
Tue May 19, 2015 10:22 am
Forum: Investing - Theory, News & General
Topic: Supreme Court rules in favor of 401k participants who object to high fees
Replies: 33
Views: 3922

Re: Supreme Court rules in favor of 401k participants who object to high fees

Does this mean as trustees, we cannot offer actively managed mutual funds? Or can we do so as long as we offer a menu of low cost index funds as well? We offer total stock, total bond and total international as well as vanguard REIT, TIPS and convertibles. We do not offer index funds for small cap ...
by Professor Emeritus
Tue May 19, 2015 10:16 am
Forum: Investing - Theory, News & General
Topic: Supreme Court rules in favor of 401k participants who object to high fees
Replies: 33
Views: 3922

Re: Supreme Court rules in favor of 401k participants who object to high fees

Under trust law, a trustee has a continuing duty to monitor trust investments and remove imprudent ones Sad, but the investment science has moved far further and faster than trust law. What is an imprudent investment? What is a prudent investment? Mutual fund trustees must discuss this every time a...
by Professor Emeritus
Tue May 19, 2015 6:01 am
Forum: Investing - Help with Personal Investments
Topic: AA for both short and long-term goals
Replies: 2
Views: 269

Re: AA for both short and long-term goals

Portfolio asset allocation is by definition a long term strategy. PAA has NOTHING to do with essentially short term accumulation/consumption decisions. Money you "need" for consumption over the next 5 years is short term money. it is saved, not "invested". However Your "nee...
by Professor Emeritus
Mon May 18, 2015 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: How do Bogleheads (in general) plan to finance their healthcare for later life?
Replies: 34
Views: 3989

Re: How do Bogleheads (in general) plan to finance their healthcare for later life?

HSAs IIRC are not available if you are covered by any non HDHP health insurance or medicare.

That being said.

We have the FEHBP. and resources carefully held for LTC
by Professor Emeritus
Mon May 18, 2015 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: Jobs for Retired Air Force (without degree)
Replies: 27
Views: 2092

Re: Jobs for Retired Air Force (without degree)

jsl11 wrote:Every local fire department hires emergency medical technicians. This would seem to be a natural fit.


you will run into lawful age limitations on such hires for front line duty.
by Professor Emeritus
Mon May 18, 2015 6:45 pm
Forum: Investing - Theory, News & General
Topic: Do you think Ric Edelman is correct, never pay down mortgage
Replies: 257
Views: 26825

Re: Do you think Ric Edelman is correct, never pay down mortgage

Plus, once you are retired, banks are not very willing to loan you money without any income. If you say you have a lot of money in investments, they might just ask why you aren't using it rather than getting a new mortgage. :oops: My bank is delighted to loan money with financial instruments as col...
by Professor Emeritus
Mon May 18, 2015 6:21 pm
Forum: Investing - Help with Personal Investments
Topic: Newly retired couple are comfortable, but would like supplemental income
Replies: 6
Views: 1449

Re: Newly retired couple are comfortable, but would like supplemental income

If you are retired and you NEED the money, you buy an annuity. Shop around, get a good one.
tsp has competitive deals
http://www.govexec.com/pay-benefits/ret ... ies/30927/
by Professor Emeritus
Mon May 18, 2015 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: What's my best plan for my assets if I am disabled?
Replies: 10
Views: 669

Re: What's my best plan for my assets if I am disabled?

My background: I am in my mid 20s and single. Up to this point I have not taken death or disability planning very seriously. In regards to inheritance, since I have no dependents, I just set up parents and siblings as beneficiaries on life insurance payouts, etc. and was done with it. For disabilit...
by Professor Emeritus
Mon May 18, 2015 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Jobs for Retired Air Force (without degree)
Replies: 27
Views: 2092

Re: Jobs for Retired Air Force (without degree)

What did your friend do in the air force? I ask because my father in law work for the Coast Guard for roughly 30 years, and then went back to work for the Coast Guard a a civilian. Was an aeromedic in the Air Force. Couldn't tell you everything in detail as I do not know. He should look into doing ...
by Professor Emeritus
Mon May 18, 2015 3:22 pm
Forum: Investing - Help with Personal Investments
Topic: 30 years old, baby on the way, just starting out advice...
Replies: 16
Views: 1855

Re: 30 years old, baby on the way, just starting out advice...

Honestly truthfully, investing for the deep future is the least of your concerns. My third grandchild was born on the highway on the way to the hospital Babies have a way of changing lives I'm going to shout YOU DON'T HAVE A WILL YOU DON'T HAVE LIFE INSURANCE and you have a baby coming!! At one poin...
by Professor Emeritus
Mon May 18, 2015 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Jobs for Retired Air Force (without degree)
Replies: 27
Views: 2092

Re: Jobs for Retired Air Force (without degree)

I don't know much about this but if your friend obtained a civil service job they would be allowed to count their 30 years of military service towards a civil pension as well? If so that would be a very strong incentive for me :happy :happy Retired Military Your military service is generally not cr...
by Professor Emeritus
Mon May 18, 2015 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Jobs for Retired Air Force (without degree)
Replies: 27
Views: 2092

Re: Jobs for Retired Air Force (without degree)

Any veteran with any skills remotely related to health care should apply to the department of Veterans Affairs. I Had a student who had gone from being a bomb technician to maintaining ultrasound equipment.
by Professor Emeritus
Mon May 18, 2015 12:42 pm
Forum: Investing - Theory, News & General
Topic: Supreme Court to hear fiduciary duty/high cost funds case
Replies: 48
Views: 7191

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

The SCOTUS dodged the primary question the participants had about the sponsor's fiduciary duty in the plan and ruled exclusively on the issue of timeliness. They sent it back to the 9th Circuit with orders to allow the suit to proceed. Good, but not great. I disagree The court made a substantive di...
by Professor Emeritus
Mon May 18, 2015 12:07 pm
Forum: Investing - Theory, News & General
Topic: Supreme Court rules in favor of 401k participants who object to high fees
Replies: 33
Views: 3922

Re: Supreme Court rules in favor of 401k participants who object to high fees

Tibble should cause some employers to start paying attention to these issues, but the employees have not won anything yet. Tibble only holds that employees were not barred by ERISA's statute of limitations from suing in this case. Here's a very important quote from the opinion's syllabus (I haven't...
by Professor Emeritus
Mon May 18, 2015 11:52 am
Forum: Personal Finance (Not Investing)
Topic: liability question for inherited home
Replies: 18
Views: 1090

Re: liability question for inherited home

We insured a similar house under our our policy as an "other insured location" Full coverage for liability .

Bought a separate fire insurance policy for the house.
by Professor Emeritus
Mon May 18, 2015 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Maryland Taxpayers: Comptroller vs. Wynne ruling is out
Replies: 4
Views: 440

Re: Maryland Taxpayers: Comptroller vs. Wynne ruling is out

While it's a Maryland case, the same laws exist in many other states
by Professor Emeritus
Mon May 18, 2015 10:09 am
Forum: Personal Consumer Issues
Topic: How fast should I ride my bicycle?
Replies: 64
Views: 5156

Re: How fast should I ride my bicycle?

The OP noted the route they took "This trail used to be a railroad track and was converted to a bike trail in my city's "rails to trails" program, so it relatively flat." To me, this means a wide, flat, no tight turns, paved path. That is, a fast path. . Our "rail to trails...
by Professor Emeritus
Mon May 18, 2015 8:17 am
Forum: Personal Finance (Not Investing)
Topic: Social Security question about Restricted Application
Replies: 27
Views: 2105

Re: Social Security question about Restricted Application

wolf 359: if you file a restricted application, then you are NOT entitled to your own old age benefit. That is my understanding. This is correct. To be "entitled" to a benefit (as opposed to simply "eligible" for it), you must have filed for it.* *Exception: If you are receiving...
by Professor Emeritus
Sun May 17, 2015 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: adversarial inheritance situation - advice needed.
Replies: 23
Views: 3632

Re: adversarial inheritance situation - advice needed.

:happy every third lexus in palm beach will be driven by an estate attorney :happy Ain't that the truth! I just did a quick googling, and there is an insane abundance of professionals who help handle other people's money. I'm hoping someone can come up with a recommendation, because I would not kno...
by Professor Emeritus
Sun May 17, 2015 5:42 pm
Forum: Personal Consumer Issues
Topic: Rough cost to replace central A/C unit?
Replies: 9
Views: 1532

Re: Rough cost to replace central A/C unit?

In the DC area Rodents eating insulation and causing arcing is a common failure. Normally a few hundred dollars.
by Professor Emeritus
Sun May 17, 2015 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: adversarial inheritance situation - advice needed.
Replies: 23
Views: 3632

Re: adversarial inheritance situation - advice needed.

Well it seems like the solution is to hire an estate attorney and let them fight for the grandchild's interests. Two more questions:1) What is the best way to find and hire a solid estate attorney in Palm Beach County, Florida? :happy every third lexus in palm beach will be driven by an estate atto...
by Professor Emeritus
Sun May 17, 2015 3:51 pm
Forum: Investing - Help with Personal Investments
Topic: Newly retired couple are comfortable, but would like supplemental income
Replies: 6
Views: 1449

Re: Newly retired couple are comfortable, but would like supplemental income

IMHO income needed by retired people should never ever ever be in stocks . Not in index funds or ETFs or any other bets in the casino
by Professor Emeritus
Sun May 17, 2015 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: How much does social security factor into your retirement income?
Replies: 169
Views: 13278

Re: How much does social security factor into your retirement income?

How much does social security factor into your retirement income ? A lot. For those who say SS factor is zero.......... better step up your saving. You'll probably need an extra cool million to replace it. burt One million sounds awfully high. When he proposed counting the value of SS as a bond, J ...
by Professor Emeritus
Sun May 17, 2015 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: How much does social security factor into your retirement income?
Replies: 169
Views: 13278

Re: How much does social security factor into your retirement income?

Confused wrote:None. I make my decisions based on the assumption that we will get zero from Social Security.

Do you do the same for government bonds? And stock dividends? etc
by Professor Emeritus
Sun May 17, 2015 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Buying house from family member
Replies: 13
Views: 1082

Re: Buying house from family member

I bought my house from my parents in 1977. It was offered to any of the kids. I paid FMV minus unneeded cost of sales 10%. I had 5 siblings who all got a share.(We had all worked on the house, even digging out the basement. The neighbor called us the "Chinese peoples army" . to get their s...
by Professor Emeritus
Sun May 17, 2015 11:46 am
Forum: Investing - Help with Personal Investments
Topic: Retirement and wealth management fees
Replies: 28
Views: 2849

Re: Retirement and wealth management fees

.
Quite simply you are in the hands of people who will happily charge you an arm and a leg for handholding
Simplify your life
I do not own a single investment that is not worth at least 500K

After that its a piece of cake
by Professor Emeritus
Sun May 17, 2015 6:06 am
Forum: Personal Finance (Not Investing)
Topic: Divorce and Marriage
Replies: 21
Views: 2746

Re: Divorce and Marriage

OK lets treat it simply as an investment decision. NB there is no way to index a marriage. You are putting everything you are investing into into one volatile investment Marriages exist on a continuum from " mutual soul-mates " to " two barely connected autonomous people" MS-----...
by Professor Emeritus
Sat May 16, 2015 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: How much does social security factor into your retirement income?
Replies: 169
Views: 13278

Re: How much does social security factor into your retirement income?

DW is disabled Her SS is about half of her pension. I am deferring My SS will be about half of my pension. Our portfolio is about equal to the Actuarial value of the Pensions and SS. So if we converted it all to income SS would be about 1/6 of the total. in terms of expected spending its about 1/3
by Professor Emeritus
Fri May 15, 2015 6:28 am
Forum: Personal Finance (Not Investing)
Topic: SPIA for mom?
Replies: 33
Views: 2071

Re: SPIA for mom?

The big risk is mortality improvements. This is complex, but I believe companies generally target a "good, risk aware" return on invested capital. If the expected happens, they will earn something comfortably above a risk free bond. If enough bad stuff happens, they don't earn anything. D...
by Professor Emeritus
Fri May 15, 2015 6:12 am
Forum: Personal Finance (Not Investing)
Topic: SPIA for mom?
Replies: 33
Views: 2071

Re: SPIA for mom?

Life annuities are a form of longevity "insurance" . Insurance makes a lot of sense if the consequences of loss are disastrous, and no sense at all if the consequences are easily absorbed. Where you fool yourself is thinking you can invest the sum needed for delaying an SPIA in investments...
by Professor Emeritus
Fri May 15, 2015 5:54 am
Forum: Personal Finance (Not Investing)
Topic: Where does everyone stand [Portfolio holdings]
Replies: 16
Views: 3170

Re: Where does everyone stand

i have as much faith in the accuracy of annoymous people reporting their net worth on the internet about as much as i would if they were reporting the number of times they have sex in a week. Annie Hall [Alvy and Annie are seeing their therapists at the same time on a split screen] Alvy Singer's Th...
by Professor Emeritus
Thu May 14, 2015 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Executor of Will ignores instructions in will!
Replies: 21
Views: 4618

Re: Executor of Will ignores instructions in will!

So, by selling at half price, he effectively reduced the value of the asset by 100k (half of which would have been your wife's), but he also may have removed a 200K asset from the estate (again half of which would have been your wife's). So the damage is either 50k or 100k depending how you look at...
by Professor Emeritus
Thu May 14, 2015 1:05 pm
Forum: Investing - Theory, News & General
Topic: CNBC Article...Active managers beating the market! (Well, almost)
Replies: 6
Views: 761

Re: CNBC Article...Active managers beating the market! (Well, almost)

It is easy to show that bad managers substantially under perform the market.
A "good" manager should of course outperform the market year in and year out .
Otherwise its just cherry picking and silly
by Professor Emeritus
Thu May 14, 2015 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Federal disability retirement (FERS)
Replies: 3
Views: 444

Re: Federal disability retirement (FERS)

Good for you! Amazing you would even know about such a benefit - seems to have some strict limitations. Its the standard disability retirement . They were simply using the wrong calculation for people in this group. To be truthful all kinds of people told me that it was a "you can't fight the ...
by Professor Emeritus
Thu May 14, 2015 7:38 am
Forum: Personal Finance (Not Investing)
Topic: SPIA for mom?
Replies: 33
Views: 2071

Re: SPIA for mom?

magellan wrote: Expenses on SPIAs eat up 15% or more of the lump sum.


Please provide a cite. There is a vast literature on annuities and I've never seen anything like this.
by Professor Emeritus
Thu May 14, 2015 6:11 am
Forum: Investing - Theory, News & General
Topic: Gold vs offshore custodianship of stocks, bonds
Replies: 36
Views: 1592

Re: Gold vs offshore custodianship of stocks, bonds

Nonsense. You BARTER Cigarettes in prison. It does not make it currency False. Barter is a system of exchange by which goods or services are directly exchanged for other goods or services without using a medium of exchange . http://en.wikipedia.org/wiki/Barter People in prison WHO DO NOT SMOKE CIGA...

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