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Re: Bernstein retirement plan

Fellow Bogleheads, I'm retiring this year and have set up my assets in a similar manner....25 X annual expenses in CD's, treasuries, AAA insured municipal bonds, $100K emergency fund in MM accounts, and the remainder in Vanguard Total Stock Market Fund... Provides for a comfortable retirement AND a...
by Prudence
Fri Apr 18, 2014 11:02 am
 
Forum: Investing - Help with Personal Investments
Topic: Bernstein retirement plan
Replies: 38
Views: 4943

Re: Barclays CD 60-month at 2.25% APY

Also consider I Bonds, for which your return will be linked to inflation, state tax-free, and Federally tax-deferred. Annual purchase limit is $10K per individual, and you can buy an additional $10K for your living trust. According to another thread, the rate starting May 1 will be in the ballpark ...
by Prudence
Thu Apr 17, 2014 3:12 pm
 
Forum: Investing - Theory, News & General
Topic: Barclays CD 60-month at 2.25% APY
Replies: 16
Views: 1400

Re: Worth $1.6m but clueless on investments

Vanguard TSM or S&P 500 fund would be fine. Given what you have accumulated now, you have an opportunity to build a very considerable retirement. I would take full advantage of the resources on this site in order to set up a good plan. You are way over-weighted in real estate so you should consi...
by Prudence
Fri Apr 11, 2014 1:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Worth $1.6m but clueless on investments
Replies: 15
Views: 3449

Re: Marvin vs. Andersen Windows: The Eternal Struggle

About five years ago, I got bids from several companies to replace all of our windows (house built in 1970) and chose Anderson Renewal. We decided to go with the best because the house is such an important asset. The windows were very expensive. Quality is excellent. Appearance is amazingly good. Th...
by Prudence
Thu Mar 13, 2014 9:05 am
 
Forum: Personal Consumer Issues
Topic: Marvin vs. Andersen Windows: The Eternal Struggle
Replies: 27
Views: 1784

Re: stayed out of the market, what to do now?

OP, the AA guidance on this site says that every investor needs to have at least 25% of his/her portfolio in equities. Given your age, I would devise a plan to get to 25% asap. After a while, if you find that you can live with that, then perhaps revise your plan to get to 40% - 50% and leave it ther...
by Prudence
Wed Mar 05, 2014 10:08 am
 
Forum: Investing - Help with Personal Investments
Topic: stayed out of the market, what to do now?
Replies: 64
Views: 7391

Re: Fortune Article on Social Security

However, when the wife and husband both turn 70, my understanding is that the wife can then collect 132% but the husband will forever be collecting at a reduced rate since he originally claimed it at 66 as part of the spousal benefit. This would be true if he originally claimed before his FRA (66 o...
by Prudence
Wed Feb 05, 2014 3:05 pm
 
Forum: Personal Consumer Issues
Topic: Fortune Article on Social Security
Replies: 6
Views: 1513

Re: Annual gifting to children

Besides the annual gifts a grandparent could additionally pay directly for private school tuition and for medical expenses. Those direct payments do not count against the annual gift limits. My child has a $20,000 student loan. If I pay it all off as a "gift", is that a gift subject to th...
by Prudence
Wed Jan 29, 2014 11:14 am
 
Forum: Personal Finance (Not Investing)
Topic: Annual gifting to children
Replies: 30
Views: 2903

Re: Putting together my annual list of sure things

Stated on npr's nightly business report today (December 27): "It's a stock picker's market (i.e. Cisco, Oracle, IBM)". A real gem.
by Prudence
Fri Dec 27, 2013 10:37 pm
 
Forum: Investing - Theory, News & General
Topic: Putting together my annual list of sure things
Replies: 25
Views: 2557

Re: 2013 Gift

Where does she live? The laws of her state will govern what is separate property and what is not. In my state, a community property state, the income from separate property, e.g., an inheritance or gift, is separate property, but in other community property states the income from separate property i...
by Prudence
Fri Dec 27, 2013 3:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: 2013 Gift
Replies: 11
Views: 1099

2013 Gift

I live in Maryland and am thinking about making last minute gift to my daughter. Obviously, I have not given this any thought. Does she have to deposit the check in 2013 for tax purposes? She and her husband established a 529 and I could contribute to that. But, can I establish a 529 as grand parent...
by Prudence
Fri Dec 27, 2013 8:47 am
 
Forum: Personal Finance (Not Investing)
Topic: 2013 Gift
Replies: 11
Views: 1099

Re: Tipping Movers

I tipped movers on a move from one house to another. Also, another time I tipped two guys who removed a 700 pound piano from my house without scratching a thing. Usually these guys work incredibly hard for little pay, so I feel good about tipping.
by Prudence
Thu Dec 19, 2013 2:08 pm
 
Forum: Personal Consumer Issues
Topic: Tipping Movers
Replies: 41
Views: 1764

Social Security Question - Delaying Until 70

Here is a 12/5/2013 quote from Allan Sloan article in The Washington Post: "But of course there’s a risk: If you don’t collect anything and you die at, say, 69 and 11 months, you (and your survivors) get nothing. It’s what’s known in the insurance biz as mortality risk". I think he is sayi...
by Prudence
Mon Dec 09, 2013 4:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security Question - Delaying Until 70
Replies: 29
Views: 1749

Re: New job in DC - where to live

Strongly suggest Arlington VA near Court House or Balston metro stations for you
by Prudence
Sun Nov 24, 2013 9:26 pm
 
Forum: Personal Consumer Issues
Topic: New job in DC - where to live
Replies: 34
Views: 2269

Re: Am I the only scifi fanatic who thinks that Gravity is l

Nisi, they filmed the landing on Lake Powell.
by Prudence
Mon Oct 28, 2013 3:18 pm
 
Forum: Personal Consumer Issues
Topic: Am I the only scifi fanatic who thinks that Gravity is lame?
Replies: 102
Views: 5241

Re: How Close Are You To Your Number and Financial Independe

I plan to work as long as I can. My job provides good compensation, hours, commuting, benefits, vacation, and holidays. I like my boss and the people I work with. The work is not exciting, but, I chose this line of work many years ago. My wife and I are 62 and 66 and we have enough to retire. But, I...
by Prudence
Mon Sep 30, 2013 3:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: How Close Are You To Your Number and Financial Independence?
Replies: 71
Views: 6202

Real Estate Sales Question

Yesterday in Delaware a realtor showed us some listed properties. During our drive and walkthroughs, she also talked about new homes that are planned or under construction in the area. If we decide to pursue new construction (SF or condo as a second home), will it increase our costs to have a realto...
by Prudence
Tue Aug 20, 2013 9:09 am
 
Forum: Personal Finance (Not Investing)
Topic: Real Estate Sales Question
Replies: 4
Views: 569

Re: [Can you recommend]A spectacular movie, and a terrible m

Great-The Cooler. Terrible-Catch 22.
by Prudence
Wed Jul 31, 2013 10:25 pm
 
Forum: Personal Consumer Issues
Topic: [Can you recommend]A spectacular movie, and a terrible movie
Replies: 161
Views: 9163

Comcast Cable vs Verizon FIOS

I live in Maryland and have been on Comcast cable (phone, internet, tv) for a long time. Apart from any cost comparison, for those of you who have switched from cable to fios, what has been your experience? Happier with fios? Thanks.
by Prudence
Fri Jul 12, 2013 9:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Comcast Cable vs Verizon FIOS
Replies: 12
Views: 4761

Real Estate Listings

I am looking for a second home near the beach. I checked Zillow but feel that it is not showing enough listed on unlisted properties that are on the market. I am trying to avoid going through a realtor to access MLS. Is there a free powerful search engine for this that covers all or most of the mark...
by Prudence
Tue Jul 02, 2013 1:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Real Estate Listings
Replies: 7
Views: 890

Re: 2% 2-year CD

Kevin, I am keenly interested. Keep 'em coming. Thanks again.
Jim
by Prudence
Sat Jun 29, 2013 4:19 pm
 
Forum: Investing - Theory, News & General
Topic: 2% 2-year CD
Replies: 12
Views: 2860

Apply for SS Benefits

On previous thread, I indicated that I plan to begin receiving SS at age 70. When my wife reaches FRA she will start spousal benefit. In December 2012, I turned 66. My wife reaches 62 in July 2013. I have not filed for benefits at all. Is this a mistake? Should I file and suspend now and get it out ...
by Prudence
Mon Jun 24, 2013 9:46 am
 
Forum: Personal Finance (Not Investing)
Topic: Apply for SS Benefits
Replies: 1
Views: 307

Re: Is 3% the new 4%

k66: this is great stuff! Is there any data on how the worst 25 or 35 year period in history performed (e.g. 50/50 portfolio starting in 1929 maybe)?

Jim
by Prudence
Thu Jun 13, 2013 8:49 am
 
Forum: Investing - Theory, News & General
Topic: Is 3% the new 4%
Replies: 148
Views: 9259

Re: Pension consultation

My company just announced it is freezing benefits and it will terminate the pension plan, which has existed for over 50 years, within two years. So, I have learned that this is just one more risk to manage and you need a cushion before you actually retire.
Jim
by Prudence
Thu May 30, 2013 5:35 am
 
Forum: Personal Finance (Not Investing)
Topic: Pension consultation
Replies: 24
Views: 1115

Re: Asset Allocation

Guitarplayer, I think now would be an excellent time for you to rebalance into 65% fixed income (e.g. CDs, total bond fund, or ST bond fund), unless you plan to keep working for several more years.

Good luck,
Jim
by Prudence
Tue May 28, 2013 9:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation
Replies: 24
Views: 1580

Inflation - how to treat in retirement projection

I have a 30-year spreadsheet for retirement planning. It assumes our stock/bond portfolio will yield 2% every year and it assumes that our expenses (all in including taxes) will grow at 2% a year due to inflation. According to the spreadsheet, a $2 million portfolio with starting expenses of $120,00...
by Prudence
Thu May 09, 2013 10:46 am
 
Forum: Investing - Help with Personal Investments
Topic: Inflation - how to treat in retirement projection
Replies: 14
Views: 776

Re: SS Spouse Benefit

Perfect! Thanks Oblivious and Epsilon.
by Prudence
Fri Apr 26, 2013 12:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: SS Spouse Benefit
Replies: 17
Views: 1925

Re: SS Spouse Benefit

I need some more help if you have the time. This the most current SS info for me and wife: Me: Age 66 FRA benefit: 2,552 Age 70 benefit: 3,427 Wife: Age 61 Benefit at 62: 1,010 66: 1,339 70: 1,768 I am working full time right now and will not begin collecting SS until age 70. My wife works part time...
by Prudence
Fri Apr 26, 2013 11:45 am
 
Forum: Investing - Help with Personal Investments
Topic: SS Spouse Benefit
Replies: 17
Views: 1925

Re: What's your number? Why?

It's not 20 times expenses. It's 20 times expense not covered by other means (Social Security, pensions, annuities, rental income, etc.) . If you ONLY have 20 x uncovered expenses and no extra, then I would recommend a 50% taxable bonds and 50% global stocks, rebalanced annually. If you have more th...
by Prudence
Tue Mar 19, 2013 6:00 pm
 
Forum: Investing - Theory, News & General
Topic: What's your number? Why?
Replies: 258
Views: 21207

Re: Why get an employer-sponsored Medicare supplement?

My employer offers health insurance to retirees who are eligible for medicare. Is this the same as the supplement coverage you are discussing?
by Prudence
Wed Feb 06, 2013 2:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Why get an employer-sponsored Medicare supplement?
Replies: 6
Views: 427

Re: umbrella policy

Still not clear on how much is needed. Suppose I have $2M in net worth and have the auto insurance plus a $5 million umbrella policy. The accident (I am negligent) results in greater than $5M in damages (let's say $10M or more). Are you saying that the lawyer will go after the auto insurance and the...
by Prudence
Tue Jan 15, 2013 9:41 am
 
Forum: Personal Finance (Not Investing)
Topic: umbrella policy
Replies: 23
Views: 1945

Re: Do you respect your HR department? [career question]

I got my CPA and MBA years ago. I am glad I got the CPA, but, if I was starting now I would probably go for an MBA in finance and, if interested in a certification, the CFA (certified financial analyst). A masters or doctorate in economics is also useful in today's world. Not a fan of HR. It's basic...
by Prudence
Tue Nov 20, 2012 4:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you respect your HR department? [career question]
Replies: 49
Views: 3788

Re: Are Even 3% Withdrawal Rates Excessive for Retirees Toda

If Rick recommends spending only interest plus dividends, is he recommending don't spend any prinicpal throughout retirement?
by Prudence
Fri Nov 16, 2012 11:05 am
 
Forum: Investing - Theory, News & General
Topic: Are Even 3% Withdrawal Rates Excessive for Retirees Today?
Replies: 96
Views: 8551

Re: Any Self-insure instead of buying a Medicare Supplement?

The low cost high deductible Plan F would work best for us. However, will all providers accept this coverage?
by Prudence
Fri Nov 09, 2012 11:22 am
 
Forum: Personal Finance (Not Investing)
Topic: Any Self-insure instead of buying a Medicare Supplement?
Replies: 31
Views: 1850

Re: Job Change : Bank of America or Ernst & Young

I worked for E&Y. I learned some great skills and work habits. After I left, I had no problem getting job offers for the next 10 or 15 years - the recruiters were really impressed by the name. It was hard, but, I'm glad I did it.
by Prudence
Mon Oct 15, 2012 10:13 am
 
Forum: Personal Finance (Not Investing)
Topic: Job Change : Bank of America or Ernst & Young
Replies: 27
Views: 3140

Re: Investing at 64

I get Bernstein's point and am 65. Since the yields on TIPS are so bad (John B is not a fan) and bond funds are risky, I have invested several years in CDs. See previous posts from Kevin M regarding CDs. Also, I have a big chunk in money market right now for investment in equities when I feel more c...
by Prudence
Wed Sep 19, 2012 10:16 am
 
Forum: Investing - Help with Personal Investments
Topic: Investing at 64
Replies: 8
Views: 1035

Re: Effective Tax Rate 13.83% ???

For estimating expenses and income in retirement, is it more accurate to use an estimated effective tax rate for federal and state?
by Prudence
Tue Aug 07, 2012 6:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Effective Tax Rate 13.83% ???
Replies: 8
Views: 1287

401K

I am 65, work full-time and continue to contribute to a 401K which includes employer contributions. In general, now that I am past full retirement age, is it possible to transfer the funds out, such as an IRA rollover, while continuing to work and contributing to the 401K? I would like the flexibili...
by Prudence
Tue Jul 31, 2012 11:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: 401K
Replies: 2
Views: 394

Re: How much money do I need in retirement?

For those posters citing the 25 to 30X annual expenditures and 4% withdrawal rate rules of thumb, what is the required/assumed AA? Thanks.
by Prudence
Wed Jul 18, 2012 9:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: How much money do I need in retirement?
Replies: 143
Views: 17350

Re: "Old Man" Look at my life

Staythecourse, I like your 3 bucket approach. After the first year, you only have 4 years left in your cash bucket. So, do you move one year's living expenses from your bond bucket to your cash bucket and move that amount from your stock to your bond bucket? If so, this seems to have the same downsi...
by Prudence
Tue Jul 17, 2012 9:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: "Old Man" Look at my life
Replies: 9
Views: 1993

SS "COLA"

For a 30 year retirement timeline, what is a reasonable assumption (not conservative, not optimistic) for average annual adjustment (increase) in the monthly annuity (e.g. 2%)? (Using 3% assumption for average inflation).
by Prudence
Fri Jun 01, 2012 2:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: SS "COLA"
Replies: 4
Views: 494

Re: Turning wealth into health

Going to the gym for cardio and weights and watching calories works great. If this is no good for you, I have a friend who has tried it all and then joined LA Boxing and she is now in fabulous shape and condition and loves going.
by Prudence
Thu May 31, 2012 4:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Turning wealth into health
Replies: 101
Views: 6858

Re: VG TSM and Real Estate

Thank you!
by Prudence
Mon May 14, 2012 9:59 am
 
Forum: Investing - Help with Personal Investments
Topic: VG TSM and Real Estate
Replies: 2
Views: 212

VG TSM and Real Estate

I am thinking of adding the REIT to my portfolio, but, does anyone know the appro weighting, if any, of real estate in TSM? I already own TSM.
by Prudence
Mon May 14, 2012 9:32 am
 
Forum: Investing - Help with Personal Investments
Topic: VG TSM and Real Estate
Replies: 2
Views: 212

Re: POD Account; Minor Beneficiary

thank you sscritic, this makes sense to me.
by Prudence
Wed May 09, 2012 9:59 am
 
Forum: Personal Finance (Not Investing)
Topic: POD Account; Minor Beneficiary
Replies: 14
Views: 607

Re: POD Account; Minor Beneficiary

sscritic, I was asking about probate. Also, would the funds in the account that are transferred to my daughter generate estate tax or inheritance tax to my daughter?
by Prudence
Wed May 09, 2012 9:27 am
 
Forum: Personal Finance (Not Investing)
Topic: POD Account; Minor Beneficiary
Replies: 14
Views: 607

Re: POD Account; Minor Beneficiary

I live in Maryland. My will states that my wife inherits everything (our wills are basically the same). But, I have a brokerage account in my name with a POD to my daughter. Do those funds go into my estate?
by Prudence
Tue May 08, 2012 9:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: POD Account; Minor Beneficiary
Replies: 14
Views: 607

Re: AA Question

YDNAL, I know it wasn't clear in my post, instead of selling stocks in my non-401K account to buy CDs, I would be selling money market funds that I had earmarked to buy stock funds (to get to 65/35) to buy the CDs. So, I would not be subject to paying cap gains tax on stock funds now. Yes, I believe...
by Prudence
Tue May 01, 2012 1:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: AA Question
Replies: 10
Views: 356

Re: AA Question

Bob, good point. Yes I have a stable value fund (insurance contracts etc produce a low rate). Currently, 50% of my 401K is in this fund. So, I am thinking of increasing it to 100% as an alternative.
by Prudence
Tue May 01, 2012 1:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: AA Question
Replies: 10
Views: 356
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