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Re: need for a backup credit card?

We have three. Spouse and I each carry two. If wallet is stolen/lost we only have to call two places and still have one card to use.
by Sidney
Mon Sep 29, 2014 5:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: need for a backup credit card?
Replies: 25
Views: 840

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

mhc wrote:If I want strings attached, I will specify it as a condition, but then it won't be a gift.

Exactly, then it is an exchange.
by Sidney
Mon Sep 29, 2014 3:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: When I gift/will shares to my relatives, I expect ...
Replies: 16
Views: 980

Re: How much excess 401k contribution is reportable to the I

bbrock wrote:Maybe, like interest, less than $10 is okay to not report?

That is an urban legend.

Banks often do not issue 1099-Int forms for interest < $10 but that does not absolve the tax filer from reporting the interest on the tax return.
by Sidney
Sun Sep 28, 2014 5:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much excess 401k contribution is reportable to the IRS
Replies: 8
Views: 659

Re: Tax loss harvest

I did extensive Tax Loss Harvesting in previous downturns.

You don't need to wait 31 days. Just buy another asset that is similar but not identical to the one you sell. But, always buy something you'd be willing to hold forever.
by Sidney
Sun Sep 28, 2014 5:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvest
Replies: 8
Views: 458

Re: Much too Aggressive!!

$1,300,000 in his employee owned company stock. This may be the biggest risk. Miss spoke....He is a "shareholder" in his company..Global...not publicly traded. Will retire next year. So, what is the $1.3 million? The $800+550? As mentioned, most people look at the combined holdings. The p...
by Sidney
Sun Sep 28, 2014 5:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Much too Aggressive!!
Replies: 9
Views: 1306

Re: How Long Should I Keep My Car?

LAlearning wrote:10 years minimum.

Are you a doctor? What else would be terrible for work...

Fireman?
by Sidney
Sun Sep 28, 2014 5:20 pm
 
Forum: Personal Consumer Issues
Topic: How Long Should I Keep My Car?
Replies: 37
Views: 2219

Re: Much too Aggressive!!

Sweetbriar wrote:$1,300,000 in his employee owned company stock.


This may be the biggest risk.
by Sidney
Sun Sep 28, 2014 4:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Much too Aggressive!!
Replies: 9
Views: 1306

Re: 'Play Money' - why 5%?

5% is not materially different than 4% or 6% - so there is nothing special about 5%. And no more or less precise. I think 5% is probably just a convenient number for people to think about. The mind anchors on 1, 5, 10 and 20, 25 (when was the last time you used a $4 bill?) 10% feels like it is too ...
by Sidney
Sun Sep 28, 2014 4:10 pm
 
Forum: Investing - Theory, News & General
Topic: 'Play Money' - why 5%?
Replies: 42
Views: 1582

Re: 'Play Money' - why 5%?

I would suggest that 5% is just a "rule of thumb". It is large enough to not be trivial, but small enough to not have a major impact on your portfolio if things go terribly wrong. Jeff I get that, but why specifically 5%? Why not 4%? 6%? 10%? This is maddeningly imprecise, in a forum that...
by Sidney
Sun Sep 28, 2014 3:56 pm
 
Forum: Investing - Theory, News & General
Topic: 'Play Money' - why 5%?
Replies: 42
Views: 1582

Re: It's pretty freaky watching your stocks go up & down all

this is NOT CORRECT, even if you are a buyer, but your portfolio has a substantial value you don't want it to go down. Lets do a simple calculation. Lets assume your 401k portfolio has a value of 500K, lets assume you put in maximum per year which is 17.5K, now lets say the market drops by a small ...
by Sidney
Sat Sep 27, 2014 9:11 pm
 
Forum: Investing - Theory, News & General
Topic: It's pretty freaky watching your stocks go up & down all day
Replies: 60
Views: 5400

Re: [S&P is down 1.3% !!!]

net of yesterday's gain?
by Sidney
Thu Sep 25, 2014 4:17 pm
 
Forum: Investing - Theory, News & General
Topic: [S&P is down 1.3%, thus] We're all going to die!!!
Replies: 58
Views: 4718

Re: What's Your Takeaway from 2014 High Valuation

I just rebalance twice a year. In January and July I ended up selling some equities and REITS and buying SVF, Commodities futures, and some mining stocks. Not much of a takeaway. I'm just following my IPS -- which ends up making me sell things that are relatively high and buying things that are rel...
by Sidney
Wed Sep 24, 2014 5:27 pm
 
Forum: Investing - Theory, News & General
Topic: What's Your Takeaway from 2014 High Valuation
Replies: 52
Views: 4029

Re: Does the McClellan Oscillator hold any merit?

asset_chaos wrote:I get more use from the Van der Pol oscillator.

Is that what keeps the flux capacitor from overheating if you put too many beer cans in?
by Sidney
Wed Sep 24, 2014 4:08 pm
 
Forum: Investing - Theory, News & General
Topic: Does the McClellan Oscillator hold any merit?
Replies: 15
Views: 1066

Re: Total Stock Market Dividends

Bustoff wrote:I was simply noting the yields. But thanks for alerting us.

The "yield" from a SPIA includes return of principal though, right?
by Sidney
Tue Sep 23, 2014 11:36 am
 
Forum: Investing - Theory, News & General
Topic: Total Stock Market Dividends
Replies: 18
Views: 1155

Re: Total Stock Market Dividends

True, each has different risks. SPIAs are certainly a good option for those who need the insurance aspect of the product. CDs and SPIAs have more risk of inflation and may be less tax efficient. SPIAs also box you in if you have lumpy spending patterns or wish to leave money to heirs or charities. B...
by Sidney
Tue Sep 23, 2014 11:15 am
 
Forum: Investing - Theory, News & General
Topic: Total Stock Market Dividends
Replies: 18
Views: 1155

Re: Total Stock Market Dividends

So lets say retiree has a one has a million dollar portfolio with a 50/50 allocation. 50% Vanguard Total Stock Market is yielding 1.80% or $9,000 per year. 50% Vanguard Total Bond Market is yielding 2.13% or $10,650 per year. So the 50/50 portfolio pays $19,650 per year. But $1 million in five-year...
by Sidney
Tue Sep 23, 2014 11:00 am
 
Forum: Investing - Theory, News & General
Topic: Total Stock Market Dividends
Replies: 18
Views: 1155

Re: Total Stock Market Dividends

InvestorNewb wrote:^ Forgot about the price difference... my bad.

Ah, but TSM has better tax efficiency and lower cost so it is better for me.
by Sidney
Tue Sep 23, 2014 10:55 am
 
Forum: Investing - Theory, News & General
Topic: Total Stock Market Dividends
Replies: 18
Views: 1155

Re: Vanguard Quarterly Dividends in September

Not trying to be mean, but why do we care so much to check repeatedly, etc? I'll just wait and check in a few days, if even then. Tax planning........ Yes, but Q3 payments are already due ... a couple of days or so more won't make a big difference. But that reminds me, it is time to do my 2013 tax ...
by Sidney
Tue Sep 23, 2014 10:26 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard Quarterly Dividends in September
Replies: 40
Views: 5009

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: 595

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: 1646

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: 656

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: 3637

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: 2570

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: 442

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: 442

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: 1615

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: 2063

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: 2756

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: 764

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: 1543

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: 443

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: 2030

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: 7844

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: 599

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: 1421

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: 5615

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: 2977

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: 2977

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: 2977

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: 2977

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: 1228

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: 10031

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: 232

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: 2020

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: 2020

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: 10031

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: 3291
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