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Re: 4% SWR: Any difference for high income vs. low income?

Good question. It would seem to me that a higher income person would potentially have a higher percentage of their spending in discretionary items. This would give them some ability to adjust their withdrawal down if things go wrong. But that isn't exactly the same as 4% for both cases - it is a rec...
by Sidney
Sat Sep 20, 2014 5:43 pm
 
Forum: Investing - Theory, News & General
Topic: 4% SWR: Any difference for high income vs. low income?
Replies: 4
Views: 531

Re: Need help arrive at monthly expenses after retirement

Uncovered medical items - for some dental and eye care can add up to a lot quickly
Allowance for replacing major "capital" items like car, new roof, new furnace ....
Income taxes
by Sidney
Mon Sep 08, 2014 2:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Need help arrive at monthly expenses after retirement
Replies: 25
Views: 1639

Re: Philip Morris International and asset allocation

Seems to me that if it is enough to matter how you classify it, then you are holding too much. I have a small handful of individual stocks but I just count them as US for simplicity. They will be used eventually to beef up our Donor Advised Fund so I don't think about them much anymore until tax time.
by Sidney
Mon Sep 08, 2014 11:35 am
 
Forum: Investing - Theory, News & General
Topic: Philip Morris International and asset allocation
Replies: 8
Views: 655

Re: Poll: Cash Holdings

sdsailing wrote:I don't understand the 0% answer, unless this is "under the mattress only". How does one operate with 0% ?


I keep on average about 2 weeks worth of cash. At the beginning of the month I know pretty well what the next month spending is so I sell stuff and transfer it to my bank.
by Sidney
Fri Sep 05, 2014 5:59 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: Cash Holdings
Replies: 65
Views: 3620

Re: Hidden car key a thing of the past?

Try not to lose your key. I have never misplaced a key in over 40 years of driving. The "key" is to only put the key in one or two places no matter what. One is my pocket and the other is a specific place in the house. No exceptions.
by Sidney
Thu Sep 04, 2014 10:00 am
 
Forum: Personal Consumer Issues
Topic: Hidden car key a thing of the past?
Replies: 26
Views: 2564

Re: LibreOffice Password Proection

Didn't think so. I do all non-sensitive spreadsheet work with Google Docs - automatically saved and keeps revisions as well. Anything sensitive (which isn't much) I do with Libre Office and it in a small Truecrypt file which gets backed up daily.
by Sidney
Tue Sep 02, 2014 12:31 pm
 
Forum: Personal Consumer Issues
Topic: LibreOffice Password Proection
Replies: 7
Views: 441

Re: LibreOffice Password Proection

OAG wrote:Use Windows 8.1 Pro and Encrypt the entire HD with Windows Bit locker - Just a suggestion to consider. Once done it is transparent requires less work IMO.

But does the encryption survive the trip to Dropbox?
by Sidney
Tue Sep 02, 2014 11:55 am
 
Forum: Personal Consumer Issues
Topic: LibreOffice Password Proection
Replies: 7
Views: 441

Re: 2 Piece Retirement Portfolio

In short what you want to do is change your asset allocation from a little more conservative one early in retirement to a little more aggressive one by the time you begin Social Security. This is a good point. To the OP, is this an unintended consequence or was this your objective from the start? I...
by Sidney
Mon Sep 01, 2014 10:29 am
 
Forum: Investing - Help with Personal Investments
Topic: 2 Piece Retirement Portfolio
Replies: 20
Views: 1597

Re: NYC [Visit to New York City]

Circle Line sightseeing cruise around Manhattan can be interesting.
Frick Museum
by Sidney
Sat Aug 30, 2014 4:26 pm
 
Forum: Personal Consumer Issues
Topic: NYC [Visit to New York City]
Replies: 45
Views: 2057

Re: Excess RMD

I noticed that most of the "spending in retirement" articles I read seem to assume that distributions are for spending and never even mention moving money into savings. I noticed that many of the 'retirement finances' articles seem to focus on one aspect of the total final picture to the ...
by Sidney
Sat Aug 30, 2014 4:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Excess RMD
Replies: 19
Views: 973

Re: Non-qualified pension plan taxation

Distributions from NQ pension plans normally get reported on Line 7 of the 1040 and are considered ordinary income. Note, it is not considered compensation for the purposes of qualification for IRA deductions.
by Sidney
Fri Aug 29, 2014 1:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Non-qualified pension plan taxation
Replies: 4
Views: 268

Re: Poll: How many own zero/few stocks?

SuperSaver wrote:1) the capital gains in selling now. I don't need the money


What is your current tax situation If you don't need the money and these have unrealized long term CG, consider opening a DAF and donating them. Whether this makes sense for you depends on your expected tax rate this year.
by Sidney
Fri Aug 29, 2014 1:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: [Sell off individual stocks?] How many own zero/few stocks?
Replies: 68
Views: 2741

Re: Trip to China

I would also recommend whole disk encryption in case you and your laptop get separated.
by Sidney
Fri Aug 29, 2014 12:30 pm
 
Forum: Personal Consumer Issues
Topic: Trip to China
Replies: 13
Views: 761

Re: Tax loss harvesting

4. Since most years in the stock market are up, one should not have much TLHing to do … perhaps a little bit every 3 years or so. However, 2008-2009 was special, as was 2000. this is the biggest drawback to TLH that I have encountered since I learned about it 8 months ago. Occasionally I would buy ...
by Sidney
Thu Aug 28, 2014 1:03 am
 
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting
Replies: 32
Views: 1540

Re: Investments that pay death benefits

If you need more death benefit, wouldn't more term insurance be the least expensive route?
by Sidney
Wed Aug 27, 2014 1:10 am
 
Forum: Investing - Help with Personal Investments
Topic: Investments that pay death benefits
Replies: 4
Views: 442

Re: GMail successfully hacked 92% of the time

ASUGrad wrote: Avoid logging into sensitive accounts via a phone.

In addition to this, I never give my phone access to any of the password reset email accounts.
by Sidney
Tue Aug 26, 2014 9:07 pm
 
Forum: Personal Consumer Issues
Topic: GMail successfully hacked 92% of the time
Replies: 11
Views: 2027

Re: What are you up YTD?

I don't know but I do care. I don't know but I do care, not to be confused with the infamous I don't know and I don't care. Re-balanced our imperfect SWAN or sleep well at night portfolio after retiring in May with the rollover of the 401(k) to Vanguard. I no longer have the ability, willingness, o...
by Sidney
Tue Aug 26, 2014 5:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: What are you up YTD?
Replies: 101
Views: 7829

Re: How does the impending rate increase affect...

Current bond prices probably reflect everything that is expected about future rates.
by Sidney
Fri Aug 22, 2014 12:00 pm
 
Forum: Investing - Theory, News & General
Topic: How does the impending rate increase affect...
Replies: 5
Views: 596

Re: Big iPhone Data Bills/Google Maps

There are mapping apps that store the maps offline and don't require data.
by Sidney
Fri Aug 22, 2014 9:56 am
 
Forum: Personal Consumer Issues
Topic: Big iPhone Data Bills/Google Maps
Replies: 16
Views: 1395

Re: Municipal bonds 1y returns - exhuberance and caution

Yield curve seems to be flattening for almost all bonds. Equity is up too so I guess expected returns are generally lower. Nowhere to hide I guess unless you go to cash or very short bonds.
by Sidney
Thu Aug 21, 2014 1:26 pm
 
Forum: Investing - Theory, News & General
Topic: Municipal bonds 1y returns - exuberance and caution
Replies: 56
Views: 5559

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

If a fixed 6.6% of initial value, no inflation adjustments, and no return of principal, this would be much worse than using a sustainable withdrawal rate. That is what you would expect, right. The annuity has an insurance component to cover the chance that the "sustainable withdrawal rate"...
by Sidney
Thu Aug 21, 2014 12:40 pm
 
Forum: Investing - Theory, News & General
Topic: Why aren't annuities better than investment drawdowns?
Replies: 46
Views: 2971

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

r returns were probably dragged down more by selling into bad market in 2009 for your increased spending than holding your withdrawal in Cash. Also, the Cash portion would not have declined in 2009, while all the money you had invested Did! It's not about how much your Cash Earns, it's all about NO...
by Sidney
Thu Aug 21, 2014 12:29 pm
 
Forum: Investing - Theory, News & General
Topic: Why aren't annuities better than investment drawdowns?
Replies: 46
Views: 2971

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

Don't confuse Withdrawals with Spending. They are two completely different things. My Withdrawals come out of my Invested Portfolio and are converted to Cash. My Spending comes out of my Cash Account. I don't hold cash. Spending is funded month by month by selling something. I don't like the drag o...
by Sidney
Thu Aug 21, 2014 9:42 am
 
Forum: Investing - Theory, News & General
Topic: Why aren't annuities better than investment drawdowns?
Replies: 46
Views: 2971

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

Uh, no - at least not in all cases. I retired in early 2007 and to this day I continue to spend the same amount of money that I did when I was still working (even more, when considering my/our personal rate of inflation). Downturns really don't affect me (nor my wife, who has been retired 2+ years)...
by Sidney
Thu Aug 21, 2014 9:12 am
 
Forum: Investing - Theory, News & General
Topic: Why aren't annuities better than investment drawdowns?
Replies: 46
Views: 2971

Re: need advice on soon to retire parents

I am not fully thrilled at taking on this responsibility because we all know the market will drop one day and I don't want them blaming me for any lost assets. They say they wont, but who knows what reality will bring. Historically in the several recessions they have been investing in, they have no...
by Sidney
Sat Aug 16, 2014 7:46 am
 
Forum: Investing - Help with Personal Investments
Topic: need advice on soon to retire parents
Replies: 8
Views: 1226

Re: 3.3% Vanguard 10 year CD

skepticalobserver wrote:Yes, you are missing something. A good trial law heeds this advice.

That's all well and good but we are not witnesses, this isn't a trial and there is no jury.
by Sidney
Thu Aug 14, 2014 9:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: 3.3% Vanguard 10 year CD
Replies: 99
Views: 9986

Re: Golf School Recommendations, East Coast?

RooseveltG wrote:I am new to golf and have not improved with self instruction. Can anyone recommend good golf schools in the eastern half of the US?

Thanks in advance.

Roosevelt.

Many public courses have golf pros who give lessons. Have you considered that option?
by Sidney
Thu Aug 14, 2014 2:54 pm
 
Forum: Personal Consumer Issues
Topic: Golf School Recommendations, East Coast?
Replies: 11
Views: 703

Re: More yield chasing - securitized delinquent mortgages

thx1138 wrote:it sure seems like another sign of rampant yield chasing in the markets these days!


I read the article in the morning paper. That was my take as well. The article pretty much stated that.

But the demand is expected to grow as institutional investors search for yield
by Sidney
Thu Aug 14, 2014 2:23 pm
 
Forum: Investing - Theory, News & General
Topic: More yield chasing - securitized delinquent mortgages
Replies: 2
Views: 231

Re: Do you hold cash/money market outside of your emergency

I would be inclined to account for working capital for your business as a separate set of accounts from your personal capital.
by Sidney
Thu Aug 14, 2014 1:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do you hold cash/money market outside of your emergency fund
Replies: 31
Views: 2017

Re: Do you hold cash/money market outside of your emergency

I see different advice in articles varying from 0% of portfolio to 15-20%. Also, is anyone investing in MM/CDs rather than bonds in anticipation of a rate hike? Forgive me if these are dumb questions. I'm trying to get a grasp on the non-equity allocation of my portfolio. There is no right answer t...
by Sidney
Thu Aug 14, 2014 9:09 am
 
Forum: Investing - Help with Personal Investments
Topic: Do you hold cash/money market outside of your emergency fund
Replies: 31
Views: 2017

Re: 3.3% Vanguard 10 year CD

skepticalobserver wrote:you’ll never get what you paid for them.


That's why it is called a spread.
by Sidney
Thu Aug 14, 2014 8:59 am
 
Forum: Investing - Help with Personal Investments
Topic: 3.3% Vanguard 10 year CD
Replies: 99
Views: 9986

Re: Where do you store your important documents?

Our originals (wills) are held by the law firm that prepared them.

I have a copy and key relatives have the name, address and phone number of the firm.
by Sidney
Tue Aug 12, 2014 1:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Where do you store your important documents?
Replies: 38
Views: 3283

BI: High Yield six-sigma event

http://www.businessinsider.com/high-yield-fund-outflows-a-6-sigma-event-2014-8 I don't usually read investing news but I loved this quote: "[T]he US high yield house is not burning down," said UBS's Matthew Mish. "The real panic will come with a more severe downturn in credit and econ...
by Sidney
Tue Aug 12, 2014 12:23 pm
 
Forum: Investing - Theory, News & General
Topic: BI: High Yield six-sigma event
Replies: 24
Views: 2072

Re: Where to buy little plastic bottles?

Drugstores usually have them. I get them at CVS.
by Sidney
Mon Aug 11, 2014 8:22 am
 
Forum: Personal Consumer Issues
Topic: Where to buy little plastic bottles?
Replies: 24
Views: 1655

Re: Two factor identification and your password safe

So can a keylogger detect the file I select on the login screen as the 2nd part of my "password"? It is my understanding that it is preferable to have the 2nd factor be different for each login. I understand the issue with losing the picture. I wouldn't worry about it except for an encryp...
by Sidney
Sun Aug 10, 2014 3:37 pm
 
Forum: Personal Consumer Issues
Topic: Two factor identification and your password safe
Replies: 31
Views: 2062

Re: Two factor identification and your password safe

Unfortunately two-factor is not nearly invincible. All they have to do is take over your computer and then wait for you to log in. Once you've done the two-factor authentication for them, they can do anything you can. Keeping a low profile will reduce this risk. I use a Linux bootable USB drive whe...
by Sidney
Sun Aug 10, 2014 3:20 pm
 
Forum: Personal Consumer Issues
Topic: Two factor identification and your password safe
Replies: 31
Views: 2062

Re: 3.3% Vanguard 10 year CD

1) Why not purchase annuities (SPIA or SPDA) then? @ age 40 [guessing here], a $100K investment gets you ~400/month for life immediately... It might not be the totality of your portfolio but it could be an attractive based if $1K/month income is your goal. 2) You might want to spend more time think...
by Sidney
Sun Aug 10, 2014 1:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: 3.3% Vanguard 10 year CD
Replies: 99
Views: 9986

Re: Dividend Strategy Ain't For Everyone

nedsaid wrote: A business owner takes cash out of his business to live on and doesn't sell off his interest in his company in little pieces bit by bit.


Often. Startup entrepreneurs often sell off slices to keep enough money flowing to both pay their rent and sustain the business.
by Sidney
Sun Aug 10, 2014 12:26 pm
 
Forum: Investing - Theory, News & General
Topic: Dividend Strategy Ain't For Everyone
Replies: 149
Views: 11264

Re: What are you doing re charitable giving (money, not time

A few years ago I consolidated the bulk of my giving through my company's United Way campaign for 3 reasons: I can select any qualified charity I have always wondered if this is just a marketing ploy by UW. Money is fungible, so, to the extent that people designate amounts to specific charities, do...
by Sidney
Sun Aug 10, 2014 12:12 am
 
Forum: Personal Consumer Issues
Topic: What are you doing re charitable giving (money, not time)
Replies: 26
Views: 1591

Re: cash reserves

No, you're welcome.
by Sidney
Sat Aug 09, 2014 5:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: cash reserves
Replies: 19
Views: 1836

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

nisiprius wrote:My point (which may get undercut if an overwhelming number of people give the correct answer!) is that really we need to have some humility about our understanding of international finance.

Is that why there is no option for those who don't know and are willing to admit it?
by Sidney
Sat Aug 09, 2014 8:26 am
 
Forum: Investing - Theory, News & General
Topic: Poll: What's the name of Argentina's stock market?
Replies: 37
Views: 2452

Re: Dividend Strategy Ain't For Everyone

This is accurate ONLY when the market ALWAYS trades at a P/B of 1 without any fluctuations. You are not paying whatever the company is worth in terms of book value you are paying whatever the market is willing to sell the stock for. I guess the best strategy is to not hold the stock at all. Just bu...
by Sidney
Fri Aug 08, 2014 9:11 pm
 
Forum: Investing - Theory, News & General
Topic: Dividend Strategy Ain't For Everyone
Replies: 149
Views: 11264

Re: Dividend Strategy Ain't For Everyone

My take is, it's an illusion because, while you aren't ACTIVELY selling part of your shares when the market is down, the company is paying you a certain amount of it's equity as a dividend. You are effectively passively selling a portion your shares. And really, that's the basic point of all of thi...
by Sidney
Fri Aug 08, 2014 4:40 pm
 
Forum: Investing - Theory, News & General
Topic: Dividend Strategy Ain't For Everyone
Replies: 149
Views: 11264

Re: Your Favorite charity organization...? please

I have recently been looking into this question, as I've slowed/stopped charitable contributions now but want to add to my will. The Gates Foundation will accept unsolicited donations that follow strict guidelines. The foundation is a much wiser and more thorough donor than I could be, so I'm think...
by Sidney
Fri Aug 08, 2014 12:38 pm
 
Forum: Personal Consumer Issues
Topic: Your Favorite charity organization...? please
Replies: 91
Views: 4290

Re: Dividend Strategy Ain't For Everyone

Why do you need to sell stocks in a down market? I am 85 equities/15% fixed which generates increasing income each year. Spending dividend income is identical to selling stock. In fact, it is economically equivalent to selling a specific lot of stock that has zero cost basis. I have no taxation on ...
by Sidney
Fri Aug 08, 2014 12:30 pm
 
Forum: Investing - Theory, News & General
Topic: Dividend Strategy Ain't For Everyone
Replies: 149
Views: 11264

Re: Finding witnesses for a trust document

We had an para-legal from the same firm that did our wills witness the documents. The PL had not worked on the docs but I doubt that made any difference. As far as I know, they are only witnessing your signature, not the content of the doc.
by Sidney
Fri Aug 08, 2014 9:10 am
 
Forum: Personal Finance (Not Investing)
Topic: Finding witnesses for a trust document
Replies: 31
Views: 1316

Re: Dividend Strategy Ain't For Everyone

manwithnoname wrote:Why do you need to sell stocks in a down market? I am 85 equities/15% fixed which generates increasing income each year.

Spending dividend income is identical to selling stock. In fact, it is economically equivalent to selling a specific lot of stock that has zero cost basis.
by Sidney
Fri Aug 08, 2014 9:01 am
 
Forum: Investing - Theory, News & General
Topic: Dividend Strategy Ain't For Everyone
Replies: 149
Views: 11264

Re: Telephone Calls! Help!

Caller ID? Looking up numbers? Why waste any of your time? Just don't answer the phone. Let your machine record a message if they leave one. If they don't leave a message, so much the better. Our phone allows us to customize the ring based on the incoming caller ID. So if it is a family member or s...
by Sidney
Fri Aug 08, 2014 12:26 am
 
Forum: Personal Consumer Issues
Topic: Telephone Calls! Help! [Stopping telemarketing calls]
Replies: 105
Views: 7165

Re: Dividend Strategy Ain't For Everyone

nedsaid wrote: The idea is to not sell your stocks in down markets.

Right, the idea is to buy more stock in down market by selling bonds. Except for those with high/all equity portfolios, the worry about having to "sell stocks in down markets" shouldn't be a real worry.
by Sidney
Thu Aug 07, 2014 11:55 pm
 
Forum: Investing - Theory, News & General
Topic: Dividend Strategy Ain't For Everyone
Replies: 149
Views: 11264

Re: Investing In A Specific Country

iShares has a couple Brasil ETFs, I think.
by Sidney
Sat Aug 02, 2014 12:11 am
 
Forum: Investing - Help with Personal Investments
Topic: Investing In A Specific Country
Replies: 3
Views: 353
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