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Re: Gross Yearly Income needed in Retirement (Speculation)

I live in a low cost of living midwest area, have a paid for 4 BR suburban home on well landscaped 1/2 acre property, and 2 late model cars. Spent $5.5K annual average for vacations the last 5 years. Spent $5K annually for entertainment (sports, symphonies, theater, etc.); $4K annually for restauran...
by Sheepdog
Wed Oct 22, 2014 3:56 am
 
Forum: Personal Finance (Not Investing)
Topic: Gross Yearly Income needed in Retirement (Speculation)
Replies: 81
Views: 4686

Re: Why do people use age instead of life expectancy?

If I had used "life expectancy" at 64 in 1998 to determine my investment makeup, it would have been greatly short. My father died at 61 and I had had a heart attack that year, so my "expectancy" was very short. Why not just go out and blow it all? Good thing I didn't since I am s...
by Sheepdog
Mon Oct 20, 2014 8:36 am
 
Forum: Investing - Theory, News & General
Topic: Why do people use age instead of life expectancy?
Replies: 43
Views: 2904

Re: What tax software do you use and why

I used TaxSlayer.com the last 3 years for myself and helping others file theirs. Simple questions to answer so the completion is simple. Plus it is cheap or no cost at all for those with lower AGI.
by Sheepdog
Sat Oct 18, 2014 12:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: What tax software do you use and why
Replies: 54
Views: 2525

Re: What will you do when you retire?

What did I do and am doing in my 16 years, going on 30 years, retired? Kept up my gardening and other hobbies, keep up my house (now doing a bath remodel), exercising more to remain healthy, volunteer wherever I am needed, travel in the US and world every year, attend more sporting and cultural even...
by Sheepdog
Sat Oct 18, 2014 12:31 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: What will you do when you retire?
Replies: 37
Views: 3627

Re: Anyone cancelling travel plans?

No, we are not cancelling any travel plans. Why should we? The only fear I have is driving to the airport 70 miles away in January in snow or ice, but even that won't stop me. . Now, if I was scheduled for a photo safari in Africa, maybe I would, but ONLY that.
by Sheepdog
Sat Oct 18, 2014 12:15 pm
 
Forum: Personal Consumer Issues
Topic: Anyone cancelling travel plans?
Replies: 117
Views: 6212

Re: If those airline passengers get sick- airline stocks wil

"We have nothing to fear but fear itself;" FDR
by Sheepdog
Sat Oct 18, 2014 4:51 am
 
Forum: Investing - Theory, News & General
Topic: If those airline passengers get sick- airline stocks will
Replies: 22
Views: 1638

Re: Your personal risk level: Got your flu shot yet?

Yes, I had my flu shot this week at my physician's office.
I am also current on my pneumonia vaccination.. last taken 4 years ago..very important for seniors.
by Sheepdog
Thu Oct 16, 2014 11:18 am
 
Forum: Personal Consumer Issues
Topic: Your personal risk level: Got your flu shot yet?
Replies: 93
Views: 2959

Re: What are you up YTD?

Retiree....24% stock
I posted on 8/26 4.6%
As of 10/13 4.2%
by Sheepdog
Tue Oct 14, 2014 4:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: What are you up YTD?
Replies: 141
Views: 11794

Re: You will think this is a stupid question

Sure, the bond fund net asset value will rise, but so will the interest earned. Keep it for the length of the duration, I will be fine.
by Sheepdog
Tue Oct 14, 2014 12:52 pm
 
Forum: Investing - Theory, News & General
Topic: [unofficial Fed announcements make bond prices predictable?]
Replies: 25
Views: 918

Re: Retired and end of month checking account balance?

My checking account balance varies based on monthly cash flow forecasts, but I do have a minimum balance of $3000 because that is the minimum to maintain my bank''s free senior checking account perks (free interest bearing checking, free checks, travel club, weekly breakfast seminars, free notary se...
by Sheepdog
Mon Oct 13, 2014 1:39 am
 
Forum: Personal Finance (Not Investing)
Topic: Retired and end of month checking account balance?
Replies: 21
Views: 1863

Re: Clothes Dryer drying very slowly

It is likely that lint has built up in the dryer exhaust pipe. Clean it out and you probably will have it dry properly.
by Sheepdog
Sun Oct 12, 2014 3:19 pm
 
Forum: Personal Consumer Issues
Topic: Clothes Dryer drying very slowly
Replies: 24
Views: 1934

Re: I-bonds - variable rate - Nov 1

Sheepdog wrote:According to Sheyna Steiner of Bankrate.com http://www.bankrate.com/finance/savings ... ond-1.aspx ,
[
Exciting, huh?


Edit: Ignore this report; Thanks for letting me know that this report was from 2010. Sorry. There was no date on the 1st page.
by Sheepdog
Sun Oct 12, 2014 3:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: I-bonds - variable rate - Nov 1
Replies: 13
Views: 2064

Re: I-bonds - variable rate - Nov 1

Deleted reply
Exciting, huh?
by Sheepdog
Sun Oct 12, 2014 2:55 am
 
Forum: Personal Finance (Not Investing)
Topic: I-bonds - variable rate - Nov 1
Replies: 13
Views: 2064

Re: Draw down taxable saving first?

After retiring, I spent taxable accounts first while also converting some to Roth IRAs and I Bonds, as follows. After retiring I worked to reduce my taxable accounts during the first 5 years (1998-2002) when my tax rate was lower to save taxes later and to allow my tax deferred accounts to grow. 1. ...
by Sheepdog
Fri Oct 10, 2014 11:57 am
 
Forum: Investing - Theory, News & General
Topic: Draw down taxable saving first?
Replies: 38
Views: 2393

Re: When people put all their eggs in the wrong basket

Horrible. Here is just part of what one person, Bond007, wrote yesterday at 1:11 pm. I won't make a comment on all of this. This fellow says it all. Very sad. These are just excerpts of his writeup of his losses. Bond007 wrote This would be my last post on this forum. I am officially signing off. Th...
by Sheepdog
Wed Oct 08, 2014 7:37 am
 
Forum: Investing - Theory, News & General
Topic: When people put all their eggs in the wrong basket
Replies: 216
Views: 21002

Re: Retirees only, what was you average investment return?

Retired 16 years ago. I have no idea of my long term pre retirement returns before the last 3 years before retiring (96,97,98). The average for those 3 bull market years was 12.53%. I did not record that in your poll because it was such a short time frame
by Sheepdog
Wed Oct 08, 2014 7:07 am
 
Forum: Investing - Theory, News & General
Topic: Retirees only, what was you average investment return?
Replies: 49
Views: 3345

Re: What was your initial AA and how has that worked out?

I never had an allocation until I was about ready to retire at age 65 in 1998. I had no plans before then,...just a mixture. Why did I not have a plan? I didn't know anything about that. I just bought and sold, at random, individual stocks and a conglomeration of mutual funds. No planning was involv...
by Sheepdog
Tue Oct 07, 2014 10:57 am
 
Forum: Investing - Theory, News & General
Topic: What was your initial AA and how has that worked out?
Replies: 32
Views: 2495

Re: "Stock Exposure: Grow or Shrink Throughout Retirement?"

Thank you, Larry (and Jared). You stated my feelings as well
by Sheepdog
Mon Oct 06, 2014 4:08 pm
 
Forum: Investing - Theory, News & General
Topic: "Stock Exposure: Grow or Shrink Throughout Retirement?"
Replies: 35
Views: 2716

Re: "Stock Exposure: Grow or Shrink Throughout Retirement?"

As a retiree living off his investments and SS only, the assumption that I should increase my stock allocation as I age is ridiculous. Maybe, if I had a great pension, maybe I could, but since I don't, I won't decide what I might do under that circumstance. Sixteen years in retirement with basically...
by Sheepdog
Mon Oct 06, 2014 12:07 pm
 
Forum: Investing - Theory, News & General
Topic: "Stock Exposure: Grow or Shrink Throughout Retirement?"
Replies: 35
Views: 2716

Re: What will you do during the next crash?

What will I do during the next crash? Not like I almost did in October 2008 in this scary thread which I started with I can't believe I am thinking this . http://www.bogleheads.org/forum/viewtopic.php?f=10&t=25126&p=297409#p297409 . I started that long thread with "I have been retired f...
by Sheepdog
Sat Oct 04, 2014 12:23 pm
 
Forum: Investing - Theory, News & General
Topic: What will you do during the next crash?
Replies: 63
Views: 4004

Re: Withdrawals in retirement from balanced fund

That scenario is a personal decision. There is not a wrong way or a right way. I went into the 2008 market drop with balance funds and money market funds, but I was out of my planned balance between then....I was greedy, so I had reduced the money market in favor of more balanced (or stock containin...
by Sheepdog
Sat Oct 04, 2014 12:13 pm
 
Forum: Investing - Theory, News & General
Topic: Withdrawals in retirement from balanced fund
Replies: 10
Views: 919

Re: My 2015 Medicare Costs/benefit changes

My Humana Choice Regional PPO Advantage Plan have these increases for 2015. (I am in my 1st year with this plan.) These are just select items with increases. Monthly premium from $66 to $86....+30% Doctor's office visits primary care ....No change Specialists visits copay from $40 to $45......+12% O...
by Sheepdog
Sat Oct 04, 2014 2:10 am
 
Forum: Personal Finance (Not Investing)
Topic: My 2015 Medicare Costs/benefit changes
Replies: 13
Views: 1405

Re: Medicare Part D (Prescriptions), changing plans

I have reviewed our plans every year and will again this year. Last year, I changed my plan to an Advantage plan which covers the prescriptions. That saved me over $1500 this year. I expect to remain there for another year. However, my wife stayed with the Medicare/Medigap/Part D process. She conver...
by Sheepdog
Fri Oct 03, 2014 12:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medicare Part D (Prescriptions), changing plans
Replies: 36
Views: 1709

Unable to download Vanguard transactions to Microsoft Money

For the first time in my dozen years using Microsoft Money I am unable to download monthly transaction history from Vanguard. If you use Microsoft Money, are you having a problem? I receive the message "The file you attempted to import appears to be invalid or contains corrupt data." I rea...
by Sheepdog
Fri Oct 03, 2014 8:57 am
 
Forum: Personal Finance (Not Investing)
Topic: Unable to download Vanguard transactions to Microsoft Money
Replies: 1
Views: 153

Re: Would you buy a house in cash if you had enough?

After my second house's mortgage was paid off in 1990, I would only pay for another with cash. And, I did, when I purchased a weekend lake house. It's great to have enough.
by Sheepdog
Thu Oct 02, 2014 10:46 am
 
Forum: Personal Finance (Not Investing)
Topic: Would you buy a house in cash if you had enough?
Replies: 59
Views: 4334

Re: Buying more when markets are down

Just one comment. The market hasn't dropped much....not very much at all. You'll know when it does. Then again, maybe you will or maybe you won't. Even then, it may drop 25% or more again. So, when do you buy more? Is the market down enough?
As others have said...have a plan and stay with it.
by Sheepdog
Wed Oct 01, 2014 5:11 pm
 
Forum: Investing - Theory, News & General
Topic: Buying more when markets are down
Replies: 61
Views: 5147

Re: POLL: When I gift/will shares to my relatives, I expect

What if the bene has little or no sense around money management and you drop a six figure gift (or inheritance) on them ? For those that say "no strings", does that mean you would be OK if the bene went out and blew it? For me? I really wouldn't know. Would I? And, if perhaps there is an ...
by Sheepdog
Wed Oct 01, 2014 5:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: When I gift/will shares to my relatives, I expect ...
Replies: 24
Views: 1686

Re: I picked up a penny today...

You can't have one million dollars until you first have one penny. Then there are rare penny coins worth a million dollars and more. For example a 1943 coin made from bronze instead of zinc coated steel sold for that in 2012. And then there is a 1974 Denver mint aluminum penny inherited by a man who...
by Sheepdog
Tue Sep 30, 2014 1:55 pm
 
Forum: Personal Consumer Issues
Topic: I picked up a penny today...
Replies: 20
Views: 1957

Re: How can I stop feeling depressed about my finances?

I was 28 was when I had my first $100 in savings and started preparing for my financial life. I married then. I starting paying for my first home at 29, with a no-down payment GI Bill home loan. We had about $2000 to 3000 in the bank to start buying furniture for the house at that time. (I didn't be...
by Sheepdog
Tue Sep 30, 2014 11:33 am
 
Forum: Personal Finance (Not Investing)
Topic: How can I stop feeling depressed about my finances?
Replies: 130
Views: 13972

Re: POLL: When I gift/will shares to my relatives, I expect

The only expectations that I have is that they enjoy the fruits of the gift, now or in their future,in whatever use or need they may have or desire.
by Sheepdog
Mon Sep 29, 2014 4:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: When I gift/will shares to my relatives, I expect ...
Replies: 24
Views: 1686

Re: The Villages Retirement Community Near Orlando

The Villages was featured on some TV program I saw recently. Program said there are 20 women for every man and they eat Viagra like candy! I am not making this up. Nope, but they were making it up. [OT comment removed by admin LadyGeek] In response to your comment (which was rude), I googled the su...
by Sheepdog
Sun Sep 28, 2014 12:28 am
 
Forum: Personal Consumer Issues
Topic: The Villages Retirement Community Near Orlando
Replies: 72
Views: 7762

Re: What is your best estimate of the SWR (Safe Withdrawal R

I have approx. 30% more in my savings than when I retired. Inflation adjusted? The CPI has increased 46% since 1998. Good, logical question. No, the increase is not inflation adjusted, it is actual. However, my personal expense inflation has been negligible in 16 years (avg.+1.6% per year) based on...
by Sheepdog
Sat Sep 27, 2014 11:33 pm
 
Forum: Investing - Theory, News & General
Topic: What is your best estimate of the SWR (Safe Withdrawal Rate)
Replies: 77
Views: 4000

Re: Will and Estate Planning - do i or not need an attorney

Do you need an attorney? If you do it yourself, you will find out if you should have had one after you or a loved one dies Get an attorney, make your wishes known, listen to the questions asked, complete and file estate planning. Heck, I can spend as much or more for a dental procedure. I wouldn't w...
by Sheepdog
Sat Sep 27, 2014 11:08 am
 
Forum: Personal Finance (Not Investing)
Topic: Will and Estate Planning - do i or not need an attorney
Replies: 26
Views: 2247

Re: What is your best estimate of the SWR (Safe Withdrawal R

If you don't adjust for inflation, but take a set percentage of what you have each Dec. 31 every year, almost any practical SWR can be okay. You have to be able to adjust your annual spending, of course, for that to work....less in down years so that you can spend more in up years. The Trinity Study...
by Sheepdog
Fri Sep 26, 2014 3:40 pm
 
Forum: Investing - Theory, News & General
Topic: What is your best estimate of the SWR (Safe Withdrawal Rate)
Replies: 77
Views: 4000

Re: The Villages Retirement Community Near Orlando

Actually, there are many activities to suit most tastes. There are large travel clubs who travel around the world. There are traveling shows which visit and they will increase dramatically after the Performing Arts Theater is finished next year. That will be an outstanding addition. There are free s...
by Sheepdog
Fri Sep 26, 2014 10:19 am
 
Forum: Personal Consumer Issues
Topic: The Villages Retirement Community Near Orlando
Replies: 72
Views: 7762

Re: POLL: Would you rather work half as long or half as ofte

Add, "neither one" . Working full time is a reward. Working half as long is a waste of human energy and skills taught and learned.
by Sheepdog
Thu Sep 25, 2014 10:54 am
 
Forum: Personal Consumer Issues
Topic: POLL: Would you rather work half as long or half as often?
Replies: 68
Views: 4127

Re: Medicare Advantage Plan.....Stay or Go?

Thanks all. You have provided different angles to my decision. I expected that from this astute group. I have been fortunate in not having any serious health conditions. Actually, I am healthier than at 65, maybe not as strong, but healthier. Five to 10 miles fast walking is no problem. (I stopped r...
by Sheepdog
Wed Sep 24, 2014 12:10 am
 
Forum: Personal Finance (Not Investing)
Topic: Medicare Advantage Plan.....Stay or Go?
Replies: 14
Views: 1151

Medicare Advantage Plan.....Stay or Go?

This year I changed my Medicare insurance coverage from Medicare plus a Medigap policy and a Part D prescription plan to a Medicare Advantage Plan (Humana Choice Regional PPO) The much lower rates and more benefits in this year's change was outstanding...saving well over $1500 to $2000 this year, po...
by Sheepdog
Tue Sep 23, 2014 4:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medicare Advantage Plan.....Stay or Go?
Replies: 14
Views: 1151

Re: Immediate payable annuity is a bad investment?

technovelist wrote:No, an immediate annuity isn't a bad investment. That's because it isn't an investment at all.

It is insurance against running out of money before you die.

This reasoning was my reasoning when I purchased mine. They are protection..that's all.
by Sheepdog
Thu Sep 18, 2014 3:08 pm
 
Forum: Investing - Theory, News & General
Topic: Immediate payable annuity is a bad investment?
Replies: 45
Views: 2701

Re: Tour travelling by bus

In the last 3 years my wife and I took bus tours from Indiana to New England in the fall and to Branson, MO in the summer. There were stops along the way for dining and shopping at nicer tourist traps. We enjoyed them very much so we will be taking another this year near Christmas again to Branson t...
by Sheepdog
Tue Sep 16, 2014 10:40 am
 
Forum: Personal Consumer Issues
Topic: Tour travelling by bus
Replies: 36
Views: 1994

Re: Best Time Of Year To Visit Mediterranean

I cruised 12 days from Turkey to Greece in the first 2 weeks of October. It was wonderful. Cool, but not cold. Warm, but not hot, although it was quite cool on the stateroom balcony at night. Not crowded at all in Istanbul, Ephesus, Greek Isles or Athens. Just some tourist stops were closed, but tha...
by Sheepdog
Mon Sep 15, 2014 2:07 pm
 
Forum: Personal Consumer Issues
Topic: Best Time Of Year To Visit Mediterranean
Replies: 28
Views: 1424

Re: treating all investment accounts as one pool of money

Before retirement, I did have separate pools of funds, but after retirement all accounts became one pool of money. However, I have accounts for short term needs (next 1 to 5 years) where I will obtain funds for every day expenses, but also our next auto, home maintenance, medical needs, etc. I have ...
by Sheepdog
Sun Sep 14, 2014 1:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: treating all investment accounts as one pool of money
Replies: 26
Views: 2353

Re: Hearing aids - for those that use them

I visited an audiologist, not a "hearing aid store" to get a thorough examination by recommendation from a physician. I really believe that is important. Having a university trained hearing expert is better than a company trained technician. One ear had 50% loss and the other had 95% loss ...
by Sheepdog
Sun Sep 14, 2014 3:45 am
 
Forum: Personal Consumer Issues
Topic: Hearing aids - for those that use them
Replies: 29
Views: 1825

Re: IRA to Roth conversion after retirement ?

My experience with IRA-Roth conversions after retirement is as follows. I converted IRAs to Roths equal to about 22% of my total assets, divided equally over the first 4 years of retirement (1999-2002). My tax rate after retiring was going to be much less. The conversions paid off for me. Since I ta...
by Sheepdog
Sat Sep 13, 2014 11:36 am
 
Forum: Investing - Help with Personal Investments
Topic: IRA to Roth conversion after retirement ?
Replies: 14
Views: 1404

Re: V6 or V8 engine for new Chrysler 300

A great car. My wife will be buying a V6 300 within 6 months, but it will be a used one with less than 15,000 miles.
by Sheepdog
Fri Sep 12, 2014 6:28 am
 
Forum: Personal Consumer Issues
Topic: V6 or V8 engine for new Chrysler 300
Replies: 25
Views: 1734

Quicken Users: Important Update Required

From Vanguard this morning, 9/10/14 https://personal.vanguard.com/us/insights/article/quicken-users-092014 Vanguard is currently upgrading the system we use to transmit data to financial software tools such as Quicken. If you're a Quicken user, you'll need to take action so that your software can su...
by Sheepdog
Wed Sep 10, 2014 11:31 am
 
Forum: Personal Consumer Issues
Topic: Vanguard Recommending Quicken Changes
Replies: 62
Views: 5989

Re: Determining who makes it past age 90?

Some findings from the study: * People who exercised definitely lived longer than people who didn't exercise. As little as 15 minutes a day on average made a difference. 45 minutes was the best. Even three hours didn't beat 45 minutes. * Moderate alcohol was associated with living longer than indiv...
by Sheepdog
Tue Sep 02, 2014 10:57 am
 
Forum: Personal Consumer Issues
Topic: Determining who makes it past age 90?
Replies: 32
Views: 1975

Re: How similar/dissimilar should my wife's Roth IRA be to m

I have invested for both of us. Because my wife is 7 years younger than I, and before she retired, I invested her IRAs more aggressively than mine. After she reached 65 or so and retired, I adjusted hers to be near the same as mine. (presently 32% stocks within the IRAs, but 24% over all investments...
by Sheepdog
Mon Sep 01, 2014 10:10 am
 
Forum: Investing - Help with Personal Investments
Topic: How similar/dissimilar should my wife's Roth IRA be to mine?
Replies: 13
Views: 1004

Re: Should elderly play it safe & risk not having enough or

Well, the problem with selling investments was that the premise of my question was what do you do if you're not convinced you have enough money to outlive you? Meaning, if you keep selling investments you might run out. abyan, Selling investments in retirement is why you have investments in retirem...
by Sheepdog
Sat Aug 30, 2014 11:02 am
 
Forum: Investing - Help with Personal Investments
Topic: Should elderly play it safe & risk not having enough or no?
Replies: 17
Views: 2047

Re: Should elderly play it safe & risk not having enough or

abyan, For an older person living off of his/her savings, asset allocation is important, expenses are important, percent withdrawal needed is important. but so is maintaining health and exercising regularly which can be the best way to live longer and reduce medical needs. What do you mean "pla...
by Sheepdog
Sat Aug 30, 2014 12:28 am
 
Forum: Investing - Help with Personal Investments
Topic: Should elderly play it safe & risk not having enough or no?
Replies: 17
Views: 2047
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