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Re: Buy & Hold Forever Blue Chip Stocks???

Well I wouldn't hold them forever. Those individual stocks previously purchased with large capital gains may be sold without a capital gains tax by the next generation. I don't have a problem with purchasing an individual stock that is ridiculously oversold. How you determine that is your secret. Ho...
by SGM
Mon Aug 25, 2014 9:55 am
 
Forum: Investing - Help with Personal Investments
Topic: Buy & Hold Forever Blue Chip Stocks???
Replies: 73
Views: 3567

Re: Great MarketWatch Article - 13 financial tips to live by

I like the first point and photograph of a couple trying to budget. Basically Nerds do budgets. Don't budge, just make sure you are saving a pre determined amount of your income for retirement. That is essentially what I did for 45 years and had no hiccups.
by SGM
Mon Aug 25, 2014 9:36 am
 
Forum: Personal Finance (Not Investing)
Topic: Great MarketWatch Article - 13 financial tips to live by
Replies: 13
Views: 1879

Re: I need "Ultra High Net Worth" investing advice please

$50MM and larger sums can be lost fairly easily. I would put a chunk into a three fund portfolio. I might also buy and hold some individual stocks that make up a major percentage of the S&P 500. I believe it makes more sense if you have a large amount of assets to own individual stocks and bonds...
by SGM
Sat Aug 23, 2014 9:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: I need "Ultra High Net Worth" investing advice please
Replies: 215
Views: 14967

Re: POLL: Age for Collecting Social Security Benefits

Newly retired and waiting until 70
by SGM
Fri Aug 22, 2014 8:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: Age for Collecting Social Security Benefits
Replies: 103
Views: 7308

Re: Why aren't annuities better than investment drawdowns?

SPIAs laddered later in life have some appeal as there is less time for the ravages of inflation. I would take only a small part of my portfolio to buy them though. If I took an SPIA paying out 6.6% a year I would take less out of investment accounts allowing them to grow longer. I am delaying SS to...
by SGM
Thu Aug 21, 2014 6:45 am
 
Forum: Investing - Theory, News & General
Topic: Why aren't annuities better than investment drawdowns?
Replies: 46
Views: 2893

Re: [live off dividends?] How the rich stay/get richer??

Living off dividends has the advantage of not paying long term capital gains. If not paid during your lifetime, positions can be passed on to the next generation at a stepped up basis. Living off dividends is not necessarily out of sync with a total return plan. It is just a method of making withdra...
by SGM
Wed Aug 20, 2014 5:37 am
 
Forum: Investing - Theory, News & General
Topic: [live off dividends?] How the rich stay/get richer??
Replies: 62
Views: 4903

Re: So am I a terrible father? [inheritance question]

I chose to convert to a Roth. I have a concern that RMDs will be high so I will be paying taxes anyway. Also receiving an inheritance with a traditional IRA may require paying taxes out of traditional IRA rather than out of a taxable account. Both scenarios will mean a lower amount in the traditiona...
by SGM
Tue Aug 19, 2014 5:56 am
 
Forum: Personal Finance (Not Investing)
Topic: So am I a terrible father? [inheritance question]
Replies: 31
Views: 4444

Re: Retirement Party Discussions

I had the opportunity to sue a widowed sister in law who stole property after our family had let her stay in a house rent free for several years. I thought it best not to sue over stolen barn doors, furniture, welcoming pineapple sculptures, a stolen tractor and even things that were nailed down et...
by SGM
Mon Aug 18, 2014 7:09 pm
 
Forum: Investing - Theory, News & General
Topic: Retirement Party [Investment] Discussions
Replies: 50
Views: 4022

Re: Retirement Party Discussions

My comments that "it's a jungle out there" refer to a Doc being advised to put a large amount of money into what Larry Swedroe labeled as "ugly" in his book about alternative investments. Equity indexed annuities have been discussed on this board elsewhere. Also the doctoral cand...
by SGM
Mon Aug 18, 2014 6:14 am
 
Forum: Investing - Theory, News & General
Topic: Retirement Party [Investment] Discussions
Replies: 50
Views: 4022

Re: Retirement Party Discussions

Just noise. People like to talk about negatives. Sure that person regrets spending on legal fees when he didn't win, but no guarantees and should probably just let it go rather than rehashing it at a party. That reminds me of people who balk about having to pay out of pocket for medical tests, espe...
by SGM
Sun Aug 17, 2014 2:58 pm
 
Forum: Investing - Theory, News & General
Topic: Retirement Party [Investment] Discussions
Replies: 50
Views: 4022

Retirement Party [Investment] Discussions

I just came back from a friend's retirement party and had several interesting financial conversations over a two day period. A doctorate candidate in finance had praise for Jack Bogle, but disagreed with a statement he had made against rebalancing at some point. I don't remember reading any comments...
by SGM
Sun Aug 17, 2014 6:38 am
 
Forum: Investing - Theory, News & General
Topic: Retirement Party [Investment] Discussions
Replies: 50
Views: 4022

Re: Cost of Medical Records

You might want to ask for the hospital discharge summary. If you have certain issues maybe a copy of an xray report, mri or some specific study, specialist consult or lab reports would be additional. You could ask for the admission history and physical. There are prescribed limits per page that can ...
by SGM
Sun Aug 17, 2014 6:10 am
 
Forum: Personal Finance (Not Investing)
Topic: Cost of Medical Records
Replies: 16
Views: 1067

Re: MDs should I contest hospital privileges?

Actually I was an independent contractor and not an employee of this corporation. My privileges were not associated with the corporation. I do think they are fearful that I could steal a lot of their patients. I have no desire to do so. I am board certified for the next 9 years having passed the cer...
by SGM
Thu Aug 14, 2014 4:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: MDs should I contest hospital privileges?
Replies: 16
Views: 1782

Re: Roth questions from an MD

I put money in traditional IRAs when they were not deductible and Roth conversions were not possible or earlier were not even available. I was happy to have the traditional IRAs in 2010 when conversions became available to higher income folks. I also had income from 2010 not given to me until 2011 b...
by SGM
Thu Aug 14, 2014 10:07 am
 
Forum: Personal Finance (Not Investing)
Topic: Roth questions from an MD
Replies: 28
Views: 2150

Re: MDs should I contest hospital privileges?

Thanks, for the feedback. I do think the hospital did this as a matter of course and assumed correctly that I am retiring. I do think they handled it poorly. I really don't want to spend any energy on this as I doubt I will go back to practicing and if I do I can likely get courtesy privileges back ...
by SGM
Thu Aug 14, 2014 9:44 am
 
Forum: Personal Finance (Not Investing)
Topic: MDs should I contest hospital privileges?
Replies: 16
Views: 1782

MDs should I contest hospital privileges?

I retired two weeks ago from the same company that owns the local hospital. I worked contract for two years part time. I had courtesy privileges as I no longer admitted patients. The hospital cancelled my privileges unilaterally on the day I retired. I think they did this because they are Big Medici...
by SGM
Thu Aug 14, 2014 1:52 am
 
Forum: Personal Finance (Not Investing)
Topic: MDs should I contest hospital privileges?
Replies: 16
Views: 1782

Re: Roth questions from an MD

Aren't you above the limits if you combine the SEP-IRA and 401k totals? I always contributed to an IRA even if it was not deductible. The question regarding a Roth contribution vs. traditional IRA is what will be your tax bracket in the future. If you expect to have a long career then it is likely y...
by SGM
Thu Aug 14, 2014 1:13 am
 
Forum: Personal Finance (Not Investing)
Topic: Roth questions from an MD
Replies: 28
Views: 2150

Re: How to Minimize Taxes: Family Selling Farm (Estate Plann

Are there any improvements they have made on the farm that they can deduct? I am thinking new fences, barns or roads and not repairs. You can delay taxes if you make exchanges in like kind properties. If there are certain rental losses that they could not take if their income was too high, they migh...
by SGM
Mon Aug 11, 2014 11:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to Minimize Taxes: Family Selling Farm (Estate Planning)
Replies: 21
Views: 1605

Re: Poll: What's the name of Argentina's stock market?

If you are going to be an index investor, any details about the Argentine stock market is irrelevant. Or to paraphrase Groucho, Nisi that's your elephant. :)
by SGM
Mon Aug 11, 2014 11:24 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: What's the name of Argentina's stock market?
Replies: 37
Views: 2365

Re: MAGI for Medicare Rates

Sscritic is saying that this country penalizes taxpayers who legally receive a higher income by raising the rate of Medicare payments. How progressive. I will stubbornly and foolishly choose to consider it a tax and adjust my income as best I can to avoid an extra tax. I think the MAGI limits start ...
by SGM
Mon Aug 11, 2014 10:40 am
 
Forum: Personal Finance (Not Investing)
Topic: MAGI for Medicare Rates
Replies: 36
Views: 1816

Re: MAGI for Medicare Rates

The extra amounts you will pay for Medicare parts B and D are a tax. Why do you say that? They are labeled as premiums, and Judge Hand said nothing about insurance premiums. Or do you not consider Medicare insurance. Part B is particular is Supplementary Medical Insurance (SMI). The law says it is ...
by SGM
Mon Aug 11, 2014 6:04 am
 
Forum: Personal Finance (Not Investing)
Topic: MAGI for Medicare Rates
Replies: 36
Views: 1816

Re: MAGI for Medicare Rates

The extra amounts you will pay for Medicare parts B and D are a tax. In the historic case of Gregory v. Helvering, Judge Learned Hand famously wrote, “Any one may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasur...
by SGM
Sun Aug 10, 2014 2:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: MAGI for Medicare Rates
Replies: 36
Views: 1816

Re: Oldest age to start medical school?

I was the second oldest in my class when I started medical school. Third year could be grueling and sometimes I felt like I was the only one awake in the hospital at times. I found it to be a terrific experience and medicine a rewarding career. Physically it was tough during some rotations in my res...
by SGM
Sat Aug 09, 2014 5:57 am
 
Forum: Personal Consumer Issues
Topic: Oldest age to start medical school?
Replies: 44
Views: 5491

Re: Stop Passing Up This Great Deal - In Money Magazine

Being in a much higher tax bracket at retirement than I was early in the accumulating stage, I wish I had Roth accounts available to me then. I agree that if you cannot contribute to the limit of a Roth then contribute a higher amount in traditional. But if you can contribute the full amount in a Ro...
by SGM
Wed Aug 06, 2014 5:41 am
 
Forum: Investing - Theory, News & General
Topic: Stop Passing Up This Great Deal - In Money Magazine
Replies: 80
Views: 11063

Re: Roth vs traditional Ira

I am very pleased that I continued to contribute to traditional IRAs over the years even when they were not tax deductible it lessened the tax burden when conversions became possible in 2010. If I had the opportunity to contribute to ROTH IRAs sooner I would have. My tax burden has only one up over ...
by SGM
Tue Aug 05, 2014 9:36 am
 
Forum: Investing - Help with Personal Investments
Topic: Roth vs traditional Ira
Replies: 18
Views: 1277

Re: High School Reunions--Have you attended?

The first I attended was my 44 years out. It was fun. We became friends with someone I had known since kindergarten, but was never very friendly with. I never realized how funny she was. We have stayed at her house for a couple of football weekends and will be seeing them for her husband's retiremen...
by SGM
Sun Aug 03, 2014 5:52 pm
 
Forum: Personal Consumer Issues
Topic: High School Reunions--Have you attended?
Replies: 79
Views: 5079

Re: How Much Did You Lose Today?

I haven't looked. Wouldn't you know it my last day of work and the Dow loses 300 plus points. Still I had the best night's sleep I have had in a while. :sharebeer
by SGM
Fri Aug 01, 2014 9:36 am
 
Forum: Investing - Help with Personal Investments
Topic: How Much Did You Lose Today?
Replies: 166
Views: 14168

Re: Purchasing public pension benefits

If you price annuities on the open market that is a very good deal. Go to immediateannuities.com or Vanguard. The state deal is cheap for an inflation adjusted annuity with a 50% survivor benefit. I would consider at least 70K maybe the full 140k. Check out the free bedrockcapital.com ranked with 5 ...
by SGM
Mon Jul 28, 2014 6:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Purchasing public pension benefits
Replies: 17
Views: 1322

Re: Vanguard sued for charging too little

In the historic case of Gregory v. Helvering, Judge Learned Hand famously wrote, “Any one may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury; there is not even a patriotic duty to increase one’s taxes.” I am ...
by SGM
Mon Jul 28, 2014 4:53 am
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard sued for charging too little
Replies: 187
Views: 21022

Re: WSJ: Free online SS benefits tools reviewed

I just ran Bedrock and like it. I will recommend it especially to government employee friends. I have been using AARP. Both calculators have the same recommendation for us. Good news. I just advised my cuz to apply for a spousal. She turned 66 earlier in the year and was not collecting anything. Her...
by SGM
Sun Jul 27, 2014 5:42 am
 
Forum: Personal Finance (Not Investing)
Topic: WSJ: Free online SS benefits tools reviewed
Replies: 7
Views: 1045

Re: Is tax deferment overvalued?

I was very happy to have a large amount in tax deferred accounts, when through a glitch 6 months of my working income was not paid until the following year. This coincided with changes in the tax law that allowed me to make ROTH conversions regardless of income. In retrospect I wish I had converted ...
by SGM
Sun Jul 27, 2014 5:16 am
 
Forum: Personal Finance (Not Investing)
Topic: Is tax deferment overvalued?
Replies: 20
Views: 2486

Re: Vanguard quietly adds longevity annuities

Longevity insurance with inexpensive inflation adjustments seems too risky for insurance companies. It is analogous to companies fully funding pensions. They are getting out of it as fast as they can. I will stick with a plan to ladder SPIAs in the future. This cuts the risk of inflation somewhat by...
by SGM
Sat Jul 26, 2014 6:05 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard quietly adds longevity annuities
Replies: 85
Views: 6804

Re: Make Income the Outcome

I retire at the end of the month so this is an area of particular interest currently. I don't think Vanguard is leading me astray by offering me a low cost way of capturing the whole market. I have always thought of retirement as a 3 legged stool. SS + sustainable investment income + pensions and an...
by SGM
Sat Jul 26, 2014 10:52 am
 
Forum: Investing - Theory, News & General
Topic: Make Income the Outcome
Replies: 49
Views: 3922

Re: Make Income the Outcome

Could one even imagine? 14% tax free (on that balance). Well, if it was 1980 that was a real return of about 1% Good point! Yes, but the inflationary period calmed down to less than nose bleed levels in a few years. I remember the buying down of my 13.75% mortgage in 1981 by the home builder for th...
by SGM
Sat Jul 26, 2014 4:26 am
 
Forum: Investing - Theory, News & General
Topic: Make Income the Outcome
Replies: 49
Views: 3922

Re: Transition from Aggressive Investing to Retirement Plann

You could put new savings into bond funds. Don't reinvest capital gains and dividends. Put them into bond funds too. The time for recovering from bond fund losses secondary to rising interest rates decreases if you are putting money into the bond funds each year while rates rise. You have ten years ...
by SGM
Thu Jul 24, 2014 3:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Transition from Aggressive Investing to Retirement Planning
Replies: 2
Views: 510

Re: Reduce / Eliminate Emerging Market in Retirement?

Volatile components may make a portfolio safer. I look at the performance of the portfolio as a whole. I am not removing emerging markets, REITs or small cap funds from my portfolio during retirement.
by SGM
Wed Jul 23, 2014 5:54 am
 
Forum: Investing - Theory, News & General
Topic: Reduce / Eliminate Emerging Market in Retirement?
Replies: 11
Views: 1181

Re: Retirement Research Conference in DC in August (free)

I have signed up. It is hard to give up a free lunch. :wink: Save me a seat.
by SGM
Tue Jul 22, 2014 10:27 am
 
Forum: Local Chapters and Bogleheads Community
Topic: Retirement Research Conference in DC in August (free)
Replies: 3
Views: 550

Re: Using retirement assets and inheritance wisely

Are you collecting a spousal benefit for social security? From 66 to 70 you could take half of his primary insurance amount that he would have received at full retirement age. You were right to avoid that planner. I would consider annuitizing some of the inheritance as his $3000 monthly military pen...
by SGM
Tue Jul 22, 2014 5:37 am
 
Forum: Investing - Help with Personal Investments
Topic: Using retirement assets and inheritance wisely
Replies: 12
Views: 1804

Re: Moving from Edward Jones to Vanguard

Wow. This question comes up a lot. It is heartening that so many people are becoming aware of the Cost Matters Hypothesis.
by SGM
Sat Jul 19, 2014 12:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Moving from Edward Jones to Vanguard
Replies: 9
Views: 1203

Re: POLL: Do you have a dedicated REIT allocation?

A reasonable person believes that each of his beliefs is true and that some of them are false. :beer
by SGM
Fri Jul 18, 2014 4:32 pm
 
Forum: Investing - Theory, News & General
Topic: POLL: Do you have a dedicated REIT allocation?
Replies: 123
Views: 7292

Re: POLL: Do you have a dedicated REIT allocation?

I'd love if someone can explain the logic why someone already holding REITs should continue to hold them, but a new purchase would be ill-advised. I can understand if capital gains were involved. However, I believe most people hold their REITs in a tax-advantaged account where capital gains don't m...
by SGM
Thu Jul 17, 2014 5:12 pm
 
Forum: Investing - Theory, News & General
Topic: POLL: Do you have a dedicated REIT allocation?
Replies: 123
Views: 7292

Re: Portfolio advice for 401K with no match & high ER

Since your wife is self employed and if she has no additional employees setting up a solo 401k is a great idea. If there is something you could do for her business, you could be paid a salary and it could also go into the solo 401k. Both husband and wife could have all new 401k money in the new plan...
by SGM
Thu Jul 17, 2014 4:32 am
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice for 401K with no match & high ER
Replies: 16
Views: 1505

Re: tax efficient withdrawals in retirement

You might find this article useful: http://www.onefpa.org/journal/Pages/Tax-Efficient%20Retirement%20Withdrawal%20Planning%20Using%20a%20Comprehensive%20Tax%20Model.aspx The article makes no mention of converting from traditional IRA to Roth IRA early in retirement to use up the low tax brackets. I...
by SGM
Tue Jul 15, 2014 9:07 am
 
Forum: Personal Finance (Not Investing)
Topic: tax efficient withdrawals in retirement
Replies: 10
Views: 1688

Re: tax efficient withdrawals in retirement

Watty, I am already doing muni bond funds and more tax efficient stock MFs as much as I can. DSInvestor, I have mostly converted already to Roths, but my solo 401k has no Roth option. So the solo 401k has been funded to the max and I will be dealing with what to do with it when I retire next month. ...
by SGM
Mon Jul 14, 2014 9:17 am
 
Forum: Personal Finance (Not Investing)
Topic: tax efficient withdrawals in retirement
Replies: 10
Views: 1688

Re: tax efficient withdrawals in retirement

sscritic wrote:
SGM wrote: I will be in a high tax bracket in retirement.

I don't think of 15% as high.


Neither do I. My top bracket is not 15%. However, we all have some income that is taxed at zero %, 10% and 15%. Effective tax rates are lower than marginal tax rates.
by SGM
Mon Jul 14, 2014 5:29 am
 
Forum: Personal Finance (Not Investing)
Topic: tax efficient withdrawals in retirement
Replies: 10
Views: 1688

tax efficient withdrawals in retirement

I had been thinking taxable, then traditional then Roth withdrawals in retirement. Probably not taking Roth withdrawals until my 80s or 90s or not at all. I had pretty much been thinking of marginal tax rates, but that leaves out some potential tax free withdrawals from traditional IRAs. I will be i...
by SGM
Sun Jul 13, 2014 9:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: tax efficient withdrawals in retirement
Replies: 10
Views: 1688

Re: Transfer from Ameriprise to Vanguard, concerns?

Jim, There are state insurance guarantee associations that have different limits by state. This is not a government guarantee, but an association of insurance companies. These are not as good guarantees as the FDIC, but I believe the record in restoring benefits to the insured is pretty good. Inform...
by SGM
Sun Jul 13, 2014 9:57 am
 
Forum: Investing - Help with Personal Investments
Topic: Transfer from Ameriprise to Vanguard, concerns?
Replies: 6
Views: 1084

Re: Transfer from Ameriprise to Vanguard, concerns?

The fixed annuity is getting 3% tax deferred. I think this works like a tax deferred CD and is not yet annuitized as she is getting no payments. I have a fixed savings annuity getting 4%, but new money put into the savings annuity is getting a very low rate. She will have to pay taxes on the annuity...
by SGM
Sun Jul 13, 2014 6:13 am
 
Forum: Investing - Help with Personal Investments
Topic: Transfer from Ameriprise to Vanguard, concerns?
Replies: 6
Views: 1084

Re: Delaying SS while working past age 70

I am delaying SS until 70. My plan is to withdraw from taxable accounts to cover the shortfall from 66 until 70. I have a small amount left to convert from traditional to Roth IRAs too and am debating whether I should leave that small amount in traditional. Roth IRAs will be the last to be withdrawn...
by SGM
Sat Jul 12, 2014 6:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Delaying SS while working past age 70
Replies: 135
Views: 10120
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