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Re: Leaving Edward Jones...Now What??

Open up traditional IRAs you can always convert later even this year if you want to. Transfer daughter's UTMA to Vanguard. You could use the New York 529 plan. I don't know much about the Illinois 529 plan, but you could easily find comparisons on the net. With a twenty year outlook Total Stock Mark...
by SGM
Sun Jan 25, 2015 5:14 am
 
Forum: Investing - Help with Personal Investments
Topic: Leaving Edward Jones...Now What??
Replies: 14
Views: 1500

Re: Surviving the Tax Bite of RMD Withdrawals in Retirement

I am fully aware of the possibility of high medical expenses late in life becoming deductible. However this event should it happen will likely occur 25 to 40 years after the Roth conversions in my case. I know nursing homes thoroughly and it is unlikely I will ever spend any time in one. If you are ...
by SGM
Sat Jan 24, 2015 10:03 am
 
Forum: Investing - Theory, News & General
Topic: Surviving the Tax Bite of RMD Withdrawals in Retirement
Replies: 71
Views: 5327

Re: Surviving the Tax Bite of RMD Withdrawals in Retirement

Can't read the article and I decline to register. I will never have an RMD since I began Roth conversions in 2010 and completed the last 5% this January. All taxes were paid out of a taxable account. I considered the Roth conversions a wash if your tax rates don't go down in retirement. At the 25% b...
by SGM
Fri Jan 23, 2015 11:51 pm
 
Forum: Investing - Theory, News & General
Topic: Surviving the Tax Bite of RMD Withdrawals in Retirement
Replies: 71
Views: 5327

Re: I'm thinking about making very large 529 contributions A

Already lump summed years ago. Both kids are out of school. No grandchildren yet. I will probably leave the excess in the plan for now. Maybe the children will go to grad school. Nothing recently reported will make a difference in my plan. A well-known couple has reportedly put $240,000 into 529s ba...
by SGM
Fri Jan 23, 2015 1:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: I'm thinking about making very large 529 contributions ASAP
Replies: 63
Views: 4272

Re: Am I making a mistake being too conservative?

A different opinion from a long time successful investor: I think 40/60 is too conservative for someone with a lot of human capital left. At age 30 I would not lose sleep if the stock market dropped. I would invest more in it. Yeah, we could have a long dead stock market like Japan has had, but I do...
by SGM
Wed Jan 21, 2015 7:46 pm
 
Forum: Investing - Theory, News & General
Topic: Am I making a mistake being too conservative?
Replies: 58
Views: 7452

Re: Newly retired, seeking wisdom

I closed what was left of my solo 401k and put it into an IRA. This year I converted the IRA to a Roth. There was no amount withheld by the Roth custodian. I sent off the estimated taxes on my own. So I think that is the best way to handle it if you are going to pay low or no taxes on the conversion...
by SGM
Wed Jan 21, 2015 7:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Newly retired, seeking wisdom
Replies: 10
Views: 1499

Re: Review a 26 year old's portfolio - Update 2

I assume the taxpayers are subsidizing the MF administrative expenses to keep the ERs so much lower than Vanguard ERs. I agree with slowly selling individual stocks. In the future buy ETF or MFs in the brokerage account. Expense ratios have a more significant effect after you accumulate a larger pile.
by SGM
Wed Jan 21, 2015 5:11 am
 
Forum: Investing - Help with Personal Investments
Topic: Review a 26 year old's portfolio - Update 2
Replies: 42
Views: 4954

Re: Is a Traditional Annuity ever worth it?

I have a similar savings annuity that pays almost 4% for deposits the last of which were made 5 years ago. I don't need the money for expenses, but I like the idea of getting the equivalent of a tax deferred CD until I decide what to do with it. It also acts as an insurance policy payable immediatel...
by SGM
Wed Jan 21, 2015 4:40 am
 
Forum: Investing - Help with Personal Investments
Topic: Is a Traditional Annuity ever worth it?
Replies: 18
Views: 1368

Re: "When you've won the game, stop playing"

How do you know you've won before the game is over? It depends on the number of years of life expectancy and total income streams such as pensions and SS. I use life expectancy of 105 for spouse because of long lived parents. I don't care if we don't spend every penny we have. You could assume an i...
by SGM
Tue Jan 20, 2015 7:49 pm
 
Forum: Investing - Theory, News & General
Topic: "When you've won the game, stop playing"
Replies: 83
Views: 8264

Re: "Wining and dining" in medical community

Wining and dining is not necessary professionally in medicine unless you are a specialist who is not busy. Relationships develop via the shared interest in doing what is best for the patient. After all if you did not have that interest and did not communicate well with other physicians there could b...
by SGM
Tue Jan 20, 2015 4:56 am
 
Forum: Personal Consumer Issues
Topic: "Wining and dining" in medical community
Replies: 35
Views: 3499

T-mobile intrusive app

I have had a favorite website for determining 401k calculations. Now T-Mobile directs me to their search website automatically. To opt out you have to add a cookie. After successfully opting out, the website for the calculator continues to be redirected to T-Mobile's search site, but the computer do...
by SGM
Mon Jan 19, 2015 8:43 pm
 
Forum: Personal Consumer Issues
Topic: T-mobile intrusive app
Replies: 1
Views: 386

Re: A quick poll--pension annuity vs. lump sum

I took a pension annuity at age 59 with a 100% survivor benefit. Expectations of longevity figured into the calculation. Annuities pay less now than they did a few years ago. I did this to have diverse streams of income including SS and a second pension annuity, a possible immediate annuity and inco...
by SGM
Mon Jan 19, 2015 4:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: A quick poll--pension annuity vs. lump sum
Replies: 62
Views: 3617

Re: Vanguard or Somewhere Else (Solo 401k)

There really isn't a lot of paper work with a solo 401k. You don't have to fill out a 5500EZ until you reach 250K in assets or until you close the account. It is a 2 page form. Unless you take loans out from the 401k you only need the amount you put into the account for the year and the beginning an...
by SGM
Fri Jan 16, 2015 5:55 am
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard or Somewhere Else (Solo 401k)
Replies: 13
Views: 1558

Re: Burton Malkiel interview

I have been doing something similar to what Malkiel recommends for the last 3 years. I am aware treasuries are considered absolutely safe, but they do not pay out enough so I have corporate , munis and dividend paying stocks and funds on top of my Total Stock Market and Total International. There is...
by SGM
Thu Jan 15, 2015 11:26 am
 
Forum: Investing - Theory, News & General
Topic: Burton Malkiel interview
Replies: 12
Views: 1095

Re: Retirees: Do you work part-time for pay?

Retired since August, I do not work part-time. I did work part-time for about 3 years. However with the advent of comprehensive electronic health records, my part time work became too time consuming and clerical. I understand that physician volunteers at a local clinic have to use EHRs , so I think ...
by SGM
Thu Jan 15, 2015 5:24 am
 
Forum: Personal Consumer Issues
Topic: Retirees: Do you work part-time for pay?
Replies: 58
Views: 4912

Re: Getting out of Edward Jones ...

Vanguard costs for sale of stocks for accts in 50k to 500k (voyager services) range is $7 per online trade and $25 for telephone orders. Avoid telephone orders. However, talk with the Vanguard reps if you have questions. If you have muni bonds I would hold them to maturity in most cases. Cost of sal...
by SGM
Tue Jan 13, 2015 8:41 am
 
Forum: Investing - Help with Personal Investments
Topic: Getting out of Edward Jones ...
Replies: 25
Views: 2602

Re: Nova Scotia in early summer, camping, with dog?

No recent history, but I hitchhiked through Nova Scotia in the late 60s. I camped rough on the Cabot Trail. Recent large forest fire gave mountainside a unique look. It was August and rainy. Scenery was beautiful despite being shades of grey. I learned to appreciate value as well as color in landsca...
by SGM
Mon Jan 12, 2015 10:46 am
 
Forum: Personal Consumer Issues
Topic: Nova Scotia in early summer, camping, with dog?
Replies: 11
Views: 1632

Re: Older Brother is a New MD

I would agree that he should pay off the higher interest loan first. I have never had an emergency fund as they are a drag on investment returns. Disability insurance might be worthwhile though. I would fund a Roth each year during residency as well and a Roth can function as an emergency fund if on...
by SGM
Mon Jan 12, 2015 8:44 am
 
Forum: Investing - Theory, News & General
Topic: Older Brother is a New MD
Replies: 24
Views: 3225

Re: How much is too much for tax deferred investing

I would definitely use Roth IRAs for yourself and wife. If there are Roth components in your other retirement accounts I would put some earnings into them as opposed to traditional tax deferred only. You peak earning years may be ahead so your tax rates may go up. Assuming Roth conversions will cont...
by SGM
Mon Jan 12, 2015 4:59 am
 
Forum: Investing - Help with Personal Investments
Topic: How much is too much for tax deferred investing
Replies: 23
Views: 3005

Re: Who's buying Oil stocks?

I have already bought and sold BP several times mostly in my solo 401k since the stock took a dive after the Gulf platform disaster. I have been a long term holder of Chevron and Exxon and have sold some yearly to diversify into index funds. I have owned Royal Dutch at times. I bought Exxon after th...
by SGM
Sun Jan 11, 2015 5:28 am
 
Forum: Investing - Help with Personal Investments
Topic: Who's buying Oil stocks?
Replies: 57
Views: 5039

Re: What Movie Have You Recently Watched?

Mr. Turner. Excellent photography. Turner grunts a lot and lacks social graces. It held my interest throughout.
by SGM
Sat Jan 10, 2015 5:09 am
 
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 455
Views: 53602

Re: Thinking about retirement - it's depressing

... I would say values have a great deal of an effect on life satisfaction. ... Of course they do, but "values" is an entirely neutral term. Some people value money, some people value harmonious relationships, some people might value a poke in the eye with a sharp stick, or wearing blue u...
by SGM
Fri Jan 09, 2015 6:42 pm
 
Forum: Personal Consumer Issues
Topic: Thinking about retirement - it's depressing
Replies: 80
Views: 8513

Re: Thinking about retirement - it's depressing

A life of faith, curiosity, exploration, family, friends and creating memories, and humbling one's self will generally beat a life of luxury or the pursuit of material or professional accolades any day of the week. That's entirely subjective. Not everyone holds the same values. Not entirely subject...
by SGM
Fri Jan 09, 2015 5:04 pm
 
Forum: Personal Consumer Issues
Topic: Thinking about retirement - it's depressing
Replies: 80
Views: 8513

Re: Thinking about retirement - it's depressing

Intellectual challenge and altruism are high on my list of interests. That is how I was able to work so many years without burnout. It is easy enough to burn out if you do not take some time to enjoy things along the way to making your fortune. But intellectual challenge is a key to happiness at wor...
by SGM
Fri Jan 09, 2015 11:08 am
 
Forum: Personal Consumer Issues
Topic: Thinking about retirement - it's depressing
Replies: 80
Views: 8513

Re: Thinking - it's depressing

Maybe you should read more Shakespeare? :wink:

Cassius: Men at some time are masters of their fates:
The fault, dear Brutus, is not in our stars,
But in ourselves.....
by SGM
Fri Jan 09, 2015 5:39 am
 
Forum: Personal Consumer Issues
Topic: Thinking about retirement - it's depressing
Replies: 80
Views: 8513

Re: Any art "investors" here?

Don't buy a "Picasso" on a cruise ship as a relative did. We visited a shop next to a breakfast joint we like. The new owner had many expensive Picasso's throughout the shop. We thought it quite odd that we could be so close to so many expensive paintings that could be easily damaged in so...
by SGM
Thu Jan 08, 2015 5:47 am
 
Forum: Personal Consumer Issues
Topic: Any art "investors" here?
Replies: 69
Views: 5747

Re: Start a Roth IRA for Grandson

You could even pay him the $3K/year and then gift him another $3K to put in the Roth IRA. No - only earned income qualifies for IRA contributions. Yes you can pay $3000 and then gift $3000 to fund the IRA. As stated in an earlier post it does not matter where the money comes from that funds an IRA ...
by SGM
Wed Jan 07, 2015 5:40 am
 
Forum: Personal Finance (Not Investing)
Topic: Start a Roth IRA for Grandson
Replies: 30
Views: 2133

Re: New Vanguard AMT-free National Municipal Bond Fund

I will be looking to sell MUB and buy some of the new Vanguard ETF when available if the difference in expense ratios remains stable. For ETFs I almost always use limit orders and look at the spread. I have never been happy with purchase or sales fees at Vanguard and will find another similar invest...
by SGM
Wed Jan 07, 2015 4:51 am
 
Forum: Investing - Theory, News & General
Topic: New Vanguard AMT-free National Municipal Bond Fund
Replies: 58
Views: 5014

Re: Airlines: Could 2015 be another great year?

I last invested in an airline stock in 1995 when I made a little off gambling on USAir preferred that was in arrears regarding dividends. No one can say if the airlines will continue to go up in 2015, but I agree the low cost of fuel is already reflected in the stock price. My guess is it won't be a...
by SGM
Mon Jan 05, 2015 9:06 am
 
Forum: Investing - Theory, News & General
Topic: Airlines: Could 2015 be another great year?
Replies: 16
Views: 2474

Re: Vanguard UGMA vs my own taxable account

You can open an UGMA account for your 15 year old. There is an issue with college aid and UGMA accounts as the UGMA accounts are treated differently because it belongs to the kids. UGMAs have an advantage in that the first $1000 of child's income is not taxed. The second $1000 is taxed at the child'...
by SGM
Mon Jan 05, 2015 8:49 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard UGMA vs my own taxable account
Replies: 3
Views: 428

Re: Ben Stein's new book: How to Ruin Your Financial Life

Stein talked at Ray Lucia's sale spiels for his financial advisor network. Ray was an advocate of non traded REITS and was recently investigated for some misrepresentations. Stein writes Ray is recently retired. I suspect it was related to the recent investigation and the downfall of non traded REIT...
by SGM
Sun Jan 04, 2015 9:10 pm
 
Forum: Investing - Theory, News & General
Topic: Ben Stein's new book: How to Ruin Your Financial Life
Replies: 18
Views: 4466

Elderly monitoring camera experience

Any experience with indoor camera systems for remote monitoring of a bed bound patient? Mentally sharp centenarian refuses 24 hour aide.
by SGM
Sat Jan 03, 2015 5:13 pm
 
Forum: Personal Consumer Issues
Topic: Elderly monitoring camera experience
Replies: 7
Views: 1054

Re: Investing for income during retirement

If he is just interested in income he could get a single premium immediate annuity without an inflation adjustment at age 73 that would pay over $1000 a month. At the end of his life there would be no principal left. Or he could buy one with a 25 year guarantee that would give him about $750 a month...
by SGM
Sat Jan 03, 2015 4:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing for income during retirement
Replies: 15
Views: 2046

Re: H&R Block Tax Software - Low Prices at Amazon

Ouch, I get too busy and impatient to look for bargains sometimes. I just paid 79.95 plus tax at a store for premium home and business. I like it better than turbotax although I can get that for free. However, after my retirement I will no longer need the business software. Maybe I will go back to t...
by SGM
Sat Jan 03, 2015 6:12 am
 
Forum: Personal Finance (Not Investing)
Topic: H&R Block Tax Software - Low Prices at Amazon
Replies: 38
Views: 2288

Re: Boglehead Recommended Vanguard Fund doing Poorly

If your fund does poorly over the next year I would invest more in it. It is essentially the 3 fund portfolio with international bonds thrown in. The fund offers diversification and low cost and simplicity. If you are in the accumulation mode and the market is doing poorly you are picking up shares ...
by SGM
Fri Jan 02, 2015 4:00 am
 
Forum: Investing - Help with Personal Investments
Topic: Boglehead Recommended Vanguard Fund doing Poorly
Replies: 32
Views: 5683

Re: Appalachian Trail thru-hike in retirement?

. Refresh your vaccinations (tetnus, some of the hepatitis ones) now since some of them may require a few months to receive all of the doses. Get the one for Lyme Disease too. Unfortunately as of December 2014 there is no Lyme disease vaccine for humans. I have hiked parts of the AT since I was 18 ...
by SGM
Thu Jan 01, 2015 4:01 am
 
Forum: Personal Consumer Issues
Topic: Appalachian Trail thru-hike in retirement?
Replies: 49
Views: 4328

Re: How to save like the rich - housing

I cannot imagine wealthy people having a great deal of their wealth tied up in a personal residence. At best a residence will rise in value with inflation. If you are lucky the location may experience a boom. A personal residence has upkeep, taxes and mortgage payments and may or may not go up in va...
by SGM
Tue Dec 30, 2014 5:45 am
 
Forum: Personal Finance (Not Investing)
Topic: How to save like the rich - housing
Replies: 14
Views: 4176

Re: POLL: How do you make important investment decisions?

Well I don't use financial advisors because of the extra cost and generally irrelevant or poor advice. I have read widely over the last 35 years. I follow many of the tenets of Jack Bogle as they apply to my personal situation. Very early on I came across the advice: pay yourself first. I generally ...
by SGM
Mon Dec 29, 2014 9:30 am
 
Forum: Investing - Theory, News & General
Topic: POLL: How do you make important investment decisions?
Replies: 27
Views: 2805

Re: Square pegs won't go in round holes! Net Worth and Cash

I find net worth regarding liquid assets to be helpful in determining the income stream they generate. As a recent retiree, I am now using that income stream for expenses and reinvesting any excess. I also determine other income streams and future income streams. I don't spend a lot of effort on eit...
by SGM
Sat Dec 27, 2014 9:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Square pegs won't go in round holes! Net Worth and Cash flow
Replies: 83
Views: 7071

Re: How Have You Increased Your Savings Rate?

I set up my business as an S corporation and started a no fee solo 401k/profit sharing plan. I could deduct business expenses on an 1120S. I maxed IRA and spousal IRA soon after January 1st. Any additional income over my salary which was typical for someone in my position was reported on a K-1 and w...
by SGM
Thu Dec 25, 2014 6:18 am
 
Forum: Personal Finance (Not Investing)
Topic: How Have You Increased Your Savings Rate?
Replies: 50
Views: 5689

Re: Have you ever hoped for a correction?

I don't know that I ever hoped for a correction. Corrections just happen and I always consistently stayed invested and dollar cost averaged in with every paycheck. I was well aware that during the accumulation stage I would be better off if the market was down. With that knowledge I was able to resi...
by SGM
Thu Dec 25, 2014 5:16 am
 
Forum: Investing - Theory, News & General
Topic: Have you ever hoped for a correction?
Replies: 52
Views: 3548

Re: Roth with all income deferred

How about something similar to this situation except you have access to a Roth 401(k) and are a lower income worker. Say a student or retiree. Can you defer 100% into the Roth 401(k) (you'll still show the income) And contribute to a Roth IRA? So technically if you only made say under 17,500 you co...
by SGM
Wed Dec 24, 2014 5:42 am
 
Forum: Personal Finance (Not Investing)
Topic: Roth with all income deferred
Replies: 7
Views: 829

Re: How much notice to give prior to Retirement ?

I gave 3 months notice as it was contractual.
by SGM
Tue Dec 23, 2014 8:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much notice to give prior to Retirement ?
Replies: 62
Views: 4547

Re: Do you have or recommend a Financial Only PC?

I had a separate machine for quickbooks accounting software for my business and for tax software. Another machine was used for billing software. A third machine was used for all other applications and the internet including investments. I did not keep personal information on the hard drive that was ...
by SGM
Mon Dec 22, 2014 9:05 pm
 
Forum: Personal Consumer Issues
Topic: Do you have or recommend a Financial Only PC?
Replies: 84
Views: 7307

Re: Major Life Decision -- Do we need to keep working?

The few people I know who are living off around 24k a year seem to be struggling. I would go back overseas and keep saving for another 5 years and continue to consult. If it gets totally unbearable you will be in a similar situation to what you are in now if you resign before the 5 years are up. Hop...
by SGM
Mon Dec 22, 2014 4:52 am
 
Forum: Personal Consumer Issues
Topic: Major Life Decision -- Do we need to keep working?
Replies: 50
Views: 5058

Re: Why a Boglehead doesn't invest in individual companies?

I still have individual stocks because I have gains that I do not want to take. For quite some time new money has gone into index funds. I have sold positions slowly with the idea of keeping no individual stock as too high a percentage in my portfolio while keeping capital gains taxes down. I also l...
by SGM
Sat Dec 20, 2014 12:29 am
 
Forum: Investing - Help with Personal Investments
Topic: Why a Boglehead doesn't invest in individual companies?
Replies: 142
Views: 15573

Re: Tax loss harvesting in excess of $3000

Up to three thousand of excess losses can be taken against ordinary income each year and can be carried over. It would be a good time to make a conversion to a Roth as the conversion is taxed as ordinary income. You could realize capital gains next year and use the carry over. You can always repurch...
by SGM
Fri Dec 19, 2014 11:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting in excess of $3000
Replies: 16
Views: 1770

Re: Most/Least Boglehead 2014 Activity?

Most: Borrowed Enough a library book on CDs written by Jack. My usual custom is to buy his books. It is now checked out by a curmudgeonly friend who will advise his financial advisor son to listen to it. I don't know how well that will go over with the son. Bartering for large quantities of blue cla...
by SGM
Tue Dec 16, 2014 5:47 am
 
Forum: Personal Finance (Not Investing)
Topic: Most/Least Boglehead 2014 Activity?
Replies: 93
Views: 9441

Re: What temperature for house for long winter absence?

House is empty most of the winter in CT. Temp is 55 F and we remove as much water as possible. We put a little propanol in the bowls for freezing point depression, but it may not be a sufficient quantity to make much difference. Annoyingly outdoor shower was not designed to completely drain and leak...
by SGM
Fri Dec 12, 2014 8:32 pm
 
Forum: Personal Consumer Issues
Topic: What temperature for house for long winter absence?
Replies: 54
Views: 7527

Re: What is your opinion about "tilting?"

I tilt because I want corporate bond funds, small caps, emerging markets and REITs that have a chance of lower correlation with the general market. No guarantee that I will be worse off or better off because of it. If there is a perfect correlation then nothing is lost except for possibly a slightly...
by SGM
Fri Dec 12, 2014 8:49 am
 
Forum: Investing - Theory, News & General
Topic: What is your opinion about "tilting?"
Replies: 116
Views: 9364
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