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Re: What's "The Herd" doing today?

The heard is and has been responding to Fed zero interest rate policy by buying stocks and avoiding long term bonds.
by Prudence
Wed Aug 27, 2014 1:01 pm
 
Forum: Investing - Theory, News & General
Topic: What's "The Herd" doing today?
Replies: 52
Views: 3517

Re: Golf School Recommendations, East Coast?

Yes go to Orlando FL and find one i.e. Ledbetter. But, afterwards you must find time to play and practice what you have been instructed. Good luck.
by Prudence
Thu Aug 14, 2014 9:07 pm
 
Forum: Personal Consumer Issues
Topic: Golf School Recommendations, East Coast?
Replies: 11
Views: 703

Re: Is Market on "Wrong Side of History"?

The market would probably be 1,000 or 2,000 points lower right now if not for extreme Fed policies. So, a plunge followed by a long flat if not down market is sure to happen when the Fed is forced to reverse course by some event such as an unexpected spike in inflation. The boglehead approach is to ...
by Prudence
Wed Jul 09, 2014 1:32 pm
 
Forum: Investing - Theory, News & General
Topic: Is Market on "Wrong Side of History"?
Replies: 22
Views: 2754

Re: combined family maximum SS [Social Security]

Thanks much sscritic.
by Prudence
Thu Jun 19, 2014 10:08 am
 
Forum: Personal Finance (Not Investing)
Topic: combined family maximum SS [Social Security]
Replies: 27
Views: 3535

Re: combined family maximum SS [Social Security]

Do family maximum rules apply to husbands and wives, or is it just when there are children or dependents involved? For example, my wife and I both plan to delay SS until we reach age 70. Are we subject to family maximum limits?
by Prudence
Thu Jun 19, 2014 9:48 am
 
Forum: Personal Finance (Not Investing)
Topic: combined family maximum SS [Social Security]
Replies: 27
Views: 3535

Re: GE Capital Retail Bank 5-Year 2.3% CD

Kevin, this is very valuable information and analysis. Many thanks. Jim
by Prudence
Mon Jun 02, 2014 7:48 am
 
Forum: Investing - Theory, News & General
Topic: GE Capital Retail Bank 5-Year 2.3% CD
Replies: 75
Views: 8229

POD (Pay on Death)

After death and the funds transfer to the beneficiary, what are the possible federal and tax liabilities, if any, for the deceased estate or the beneficiary? I live in Maryland. Are the answers the same for the TOD (transfer on death)?
by Prudence
Wed May 28, 2014 8:33 am
 
Forum: Personal Finance (Not Investing)
Topic: POD (Pay on Death)
Replies: 16
Views: 2187

Re: Ally account - Beneficiary question

Please note that if there are beneficiaries designated, then the account will be insured under the
revocable trust ownership category.
[/quote]

So if I open a single account and have my spouse and child as beneficiaries in a POD, the account is insured to $750,000?
by Prudence
Tue May 13, 2014 6:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Ally account - Beneficiary question
Replies: 19
Views: 752

Re: Ally account - Beneficiary question

Buffetologist wrote:We have our kids as beneficiaries.

My understanding is that the FDIC limit = 250K x (number of account holders + number of beneficiaries).

Therefore with 2 kids, isn't our Ally FDIC limit 1 million?


Is this correct???
by Prudence
Tue May 13, 2014 4:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Ally account - Beneficiary question
Replies: 19
Views: 752

Re: Please explain a 3% SWR to me

On why 3% would only last 30 years, look at the cumulative inflation from 1970 t0 1990 to see where the compounded earnings went. As mentioned, that 3% was boosted by inflation for each year of retirement. The final withdrawals were several multiples of the initial amounts. I would assume with a 10...
by Prudence
Wed Apr 23, 2014 12:25 pm
 
Forum: Investing - Theory, News & General
Topic: Please explain a 3% SWR to me
Replies: 92
Views: 22671

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: 41
Views: 7211

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: 1648

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: 20
Views: 5202

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: 2607

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: 8497

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: 1560

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: 2982

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: 2567

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: 1115

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: 1115

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: 2054

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: 1833

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: 2495

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: 5444

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: 6256

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: 574

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: 10389

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: 5480

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: 900

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: 2872

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: 308

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: 9640

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: 1123

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: 1601

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: 792

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: 1990

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: 1990

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: 22992

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: 457

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: 1951

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: 3810

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: 8816

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: 1973

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: 3192

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: 1037

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: 1514

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: 17460

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: 1994
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