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Re: Retired: When to move?

May I suggest Florida, especially Tallahassee or Gainesville as university towns. Warmer weather, though you still get the seasons in northern Florida and ZERO state income taxes. Since you're from Michigan, may I suggest the I-75 corridor to I-10, then it's your choice of going east toward I-95 or ...
by Swampy
Sun Mar 30, 2014 9:51 pm
 
Forum: Personal Consumer Issues
Topic: Retired: When to move?
Replies: 43
Views: 3969

Re: Can't get brokerage tax documents from Vanguard

Are you using an Apple computer, like a Mac Mini? If so:

Go to Safari preferences, click security and UNBLOCK popup windows.

You should easily access what you need then to print for your taxes.
by Swampy
Wed Mar 26, 2014 9:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can't get brokerage tax documents from Vanguard
Replies: 11
Views: 715

Re: Retirement Calculators

This calculator is a fair start. It doesn't take into account taxes. fluctuating returns and appears overly optimistic regarding Social Security income. Here's the kicker: If you have three good years in a row with 10% returns, then one bad year with a 25% loss, you have LESS than you started with i...
by Swampy
Wed Mar 26, 2014 6:57 am
 
Forum: Investing - Theory, News & General
Topic: Retirement Calculators
Replies: 4
Views: 1042

Best websites for foreign long term rentals

We're headed to Europe this summer and have already made arrangements for short term condo and apartment rentals as we explore an area and move on to the next. We did this a few years ago and found a number of websites dedicated to short term vacation rentals up to 1-2 weeks. What I'm looking for ar...
by Swampy
Tue Mar 25, 2014 5:29 pm
 
Forum: Personal Consumer Issues
Topic: Best websites for foreign long term rentals
Replies: 9
Views: 824

Wealthfront.com? What is your take???

What do Bogleheads think of the Wealthfront.com website as a source of diversified index fund recommendations based on a short series of questions? I'm not talking about having them manage the funds. I'm just looking to see if the recommendations on their website seem to correlate with your portfoli...
by Swampy
Tue Mar 25, 2014 4:34 pm
 
Forum: Investing - Theory, News & General
Topic: Wealthfront.com? What is your take???
Replies: 12
Views: 1243

Re: 8% ROI needed

8% ROI needed


Really?

I think the statement should read 8% ROI wanted.

What you 'need' or 'want' are not necessarily going to coincide with what you're going to get.
by Swampy
Sun Mar 23, 2014 11:13 am
 
Forum: Investing - Help with Personal Investments
Topic: 8% ROI needed
Replies: 28
Views: 3948

Re: Vanguard annuities? Pro's vs cons?

MN Finance wrote: And the other reason is fasfsa? So how many dollars do you have to hide to get a dollar in aid? You have to quantify this to make an intelligent decision. You mention getting only 1% on cash, but in an annuity your cash gets a negative rate, so don't think this has any relevance No...
by Swampy
Sat Mar 22, 2014 5:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard annuities? Pro's vs cons?
Replies: 11
Views: 1491

Re: Telephone Harassment

Do what I do, answer the call and say 'Hello,' wait a few seconds then say 'Hello' again. If it takes more than 4-5 seconds to hear a human voice I hang up. If someone gets on the line and starts in with a pitch or questions, I don't even respond or engage them anymore - I just hang up while they're...
by Swampy
Sat Mar 22, 2014 8:18 am
 
Forum: Personal Finance (Not Investing)
Topic: Telephone Harassment
Replies: 36
Views: 5120

Re: Have extra cash: Should I pay off the HOUSE or INVEST it

Two things. First: Your home is not an investable asset. It is a place to lay down your head on a pillow at night. Ultimately it is an expense. A rental property IS an investable asset and should have a positive cash flow or at least enough tax deductions on your 1040 to be favorable. Second: Nothin...
by Swampy
Sat Mar 22, 2014 8:01 am
 
Forum: Personal Finance (Not Investing)
Topic: Have extra cash: Should I pay off the HOUSE or INVEST it?
Replies: 31
Views: 2748

Vanguard annuities? Pro's vs cons?

Does anyone have a Vanguard variable annuity out there and can they educate me about the pro's and con's of having assets in one? For tax reasons it may seem prudent to shift a fair amount of the cash I hold into a tax deferred product. I am already retired and have a steady income stream, so I do n...
by Swampy
Sat Mar 22, 2014 7:35 am
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard annuities? Pro's vs cons?
Replies: 11
Views: 1491

Re: [ALERT: Affordable Care Act Phishing Calls]

I answer phone calls, even from those numbers I don't recognize, because I've got kids away at college.

Usually I hang up on the caller if it's a solicitation for practically anything.

This call was, unfortunately, quite different.
by Swampy
Thu Mar 20, 2014 9:55 pm
 
Forum: Personal Consumer Issues
Topic: [ALERT: Affordable Care Act Phishing Calls]
Replies: 16
Views: 781

Re: Rolling Fidelity to Vanguard

Initiate with the receiving institution, wherever it may be.
by Swampy
Thu Mar 20, 2014 8:20 am
 
Forum: Investing - Help with Personal Investments
Topic: Rolling Fidelity to Vanguard
Replies: 12
Views: 974

[ALERT: Affordable Care Act Phishing Calls]

This is NOT a political posting. This is a TRUE cautionary story. I had pretty lousy insurance with a high deductible for years. After the Affordable Care Act was implemented, I chose an insurance plan for the family in December and have been paying for it monthly. Since then, I've seen a physician ...
by Swampy
Thu Mar 20, 2014 8:08 am
 
Forum: Personal Consumer Issues
Topic: [ALERT: Affordable Care Act Phishing Calls]
Replies: 16
Views: 781

Re: becoming a snowbird

mephistopheles wrote: Five to ten minutes inland won't keep you safe from a hurricane. Of course not. It's the FLOOD ZONE that matters more than the wind on whether you evacuate or not. I've experienced Cat 1 and 2 hurricanes. No way would I stay in the path of anything Cat 3 or higher. Mel Lindauer...
by Swampy
Fri Feb 14, 2014 8:09 am
 
Forum: Personal Consumer Issues
Topic: becoming a snowbird
Replies: 21
Views: 3286

Re: becoming a snowbird

Mel Lindauer wrote: Realized that if we were going to move to Florida, we didn't want to have to pack the car up to go to the beach, so we ended up buying directly across the street from the ocean. Yes, that may be fine and good. I once considered that and actually did it for a while. Unfortunately,...
by Swampy
Thu Feb 13, 2014 9:14 am
 
Forum: Personal Consumer Issues
Topic: becoming a snowbird
Replies: 21
Views: 3286

Re: What are you paying for your personal tax prep?

When I was working, the CPA was worth it. He seemed to do the job and it appeared to cost me less in taxes than I expected most years. After all, that's all he does, day in and day out, year after year, and states up to date with all this IRS tax code nonsense. I'm not sure if staying with him for a...
by Swampy
Thu Feb 13, 2014 9:01 am
 
Forum: Personal Finance (Not Investing)
Topic: What are you paying for your personal tax prep?
Replies: 28
Views: 1443

Re: What are you paying for your personal tax prep?

Maybe I should bite the bullet and let the CPA have one final go at it, then I should also do the taxes with either Tax Act or Turbo Tax to see what, if any, differences the taxes end up being (but not file it with the IRS) while developing confidence. I used to do my own taxes until I got married a...
by Swampy
Wed Feb 12, 2014 9:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: What are you paying for your personal tax prep?
Replies: 28
Views: 1443

What are you paying for your personal tax prep?

When I was working, I paid $600-$1000 to the accountant every year to complete my tax return and associated forms. Since I no longer work and have simplified my style of investing since becoming a Boglehead, it seems that I should probably be paying less for the tax prep as there is less work for th...
by Swampy
Wed Feb 12, 2014 7:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: What are you paying for your personal tax prep?
Replies: 28
Views: 1443

Re: becoming a snowbird

mhalley wrote: Thinking of retiring at the end of the year, and interested in becoming a snowbird... my wife's friend has some type of relative that is a realtor... This is the best way to become former friends. You have NO business even thinking about buying - yet. Slow down. Rent for a season or t...
by Swampy
Tue Feb 11, 2014 8:35 am
 
Forum: Personal Consumer Issues
Topic: becoming a snowbird
Replies: 21
Views: 3286

Re: Expatriation or International Snowbirding

Thank you.
by Swampy
Thu Feb 06, 2014 3:19 pm
 
Forum: Personal Consumer Issues
Topic: Expatriation or International Snowbirding
Replies: 40
Views: 3282

Re: Expatriation or International Snowbirding

protagonist, could you please change the color of your message to make it easier to read? I had an extremely difficult time reading it.
by Swampy
Thu Feb 06, 2014 9:01 am
 
Forum: Personal Consumer Issues
Topic: Expatriation or International Snowbirding
Replies: 40
Views: 3282

Re: What is your definition of "Financially Wealthy?"

Yes, agree'd travellight ant TomatoTomahto, There is a fundamental difference between Financial Independence and Financial Wealth. Funny thing is, when I was working my @$$ off, I thought it was one and the same thing. Saving for that day when I had 'enough' to say good bye to a dangerous work envir...
by Swampy
Wed Feb 05, 2014 9:46 am
 
Forum: Personal Finance (Not Investing)
Topic: What is your definition of "Financially Wealthy?"
Replies: 110
Views: 9647

Re: BoA Cash Rewards (1.5%+) Privileges VISA - worth a look?

I have a BOA card which gets 3% back for gas. If you have an account with BOA, they bump it up to 3.3%! I have an AMEX card that gets 3% back for groceries. Another card that gets 6% back for telecommunications (I pay my cell phone bill with this). I have a Discover card that lets me monitor my cred...
by Swampy
Wed Feb 05, 2014 9:32 am
 
Forum: Personal Finance (Not Investing)
Topic: BoA Cash Rewards (1.5%+) Privileges VISA - worth a look?
Replies: 14
Views: 1262

Re: Any other travel freaks?

I alluded to this in my posting entitled "Expatriation or International Snowbirding" http://www.bogleheads.org/forum/viewtopic.php?f=11&t=131691 We haven't been able to travel much until relatively recently. As described, it is exhausting and invigorating at the same time - usually req...
by Swampy
Wed Feb 05, 2014 9:25 am
 
Forum: Personal Consumer Issues
Topic: Any other travel freaks?
Replies: 92
Views: 5629

Re: What is your definition of "Financially Wealthy?"

Abe is on to something. After decades of working like a slave, saving, doing without, deferring gratification and always paying attention to the costs of daily living, I doubt that I would enjoy spending like DC (after all, the money they spend wasn't earned by them in the first place). I have far t...
by Swampy
Sat Feb 01, 2014 9:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: What is your definition of "Financially Wealthy?"
Replies: 110
Views: 9647

Re: What is your definition of "Financially Wealthy?"

Financially Wealthy - picking up the phone and getting plane tickets to Cancun for tomorrow (as the weatherman forecasts a blizzard to hit your area the day after tomorrow) ! Price be damned. Ultra wealthy? Call for your private $50 million Gulfstream to be fueled and ready to depart in an hour for ...
by Swampy
Sat Feb 01, 2014 6:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: What is your definition of "Financially Wealthy?"
Replies: 110
Views: 9647

Re: What is your definition of "Financially Wealthy?"

Quasimodo, according to US poverty guidelines, http://aspe.hhs.gov/poverty/13poverty.cfm, a couple earning $15510, is technically poor in the US, but wind up in the top 7.23% in the World according to your website. A person earning minimum wage ($7.25/hr) working 40 hours a week, only getting weeken...
by Swampy
Sat Feb 01, 2014 1:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: What is your definition of "Financially Wealthy?"
Replies: 110
Views: 9647

Re: Keeping track of expenses, early retirement?

Figure out what you need, then add at least 25% to that figure - to be safe. In your case - at least $45,000. Determine your total assets and see if you can live off of 3% of that amount (as an annual withdrawal rate) and whatever rent and other income you have. Once you stop working, you don't have...
by Swampy
Sat Feb 01, 2014 12:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Keeping track of expenses, early retirement?
Replies: 32
Views: 3522

Re: Expatriation or International Snowbirding

I see no reason to renounce citizenship, even if choosing an expat lifestyle. I paid far too much in FICA and Medicare taxes to ever give that up. Considering the costs of a nursing home or group home in the US running at $6000+ a month, which is not covered under most insurance, Medicaid would step...
by Swampy
Sat Feb 01, 2014 12:04 pm
 
Forum: Personal Consumer Issues
Topic: Expatriation or International Snowbirding
Replies: 40
Views: 3282

Re: What is your definition of "Financially Wealthy?"

As I said, I was just looking at what others define financial wealth as. It's different from financial independence - for me anyway. Independence addresses needs. Wealth addresses wants. Being healthy, happy and having loved ones goes without saying. A lonely, miserly billionaire recluse in poor hea...
by Swampy
Sat Feb 01, 2014 11:52 am
 
Forum: Personal Finance (Not Investing)
Topic: What is your definition of "Financially Wealthy?"
Replies: 110
Views: 9647

Re: What is your definition of "Wealthy?"

The term "All hat, no cattle" comes to mind with some high earners.

I know a former MLB player who is living in a house that is undergoing foreclosure, yet insist on the finest clothes, cars, etc.

They just squandered their money.
by Swampy
Sat Feb 01, 2014 8:57 am
 
Forum: Personal Finance (Not Investing)
Topic: What is your definition of "Financially Wealthy?"
Replies: 110
Views: 9647

Re: France with a 10 month old

Four things: http://www.parisaddress.com Kids don't remember anything before the age of 4-5 years - and very little even at that age. The rest of the people on the plane are going to be less than sympathetic listening to a fussy baby for the 7 hour flight. Experience is the best teacher, you'll find...
by Swampy
Sat Feb 01, 2014 8:45 am
 
Forum: Personal Consumer Issues
Topic: France with a 10 month old
Replies: 30
Views: 1749

Re: What is your definition of "Wealthy?"

That's why I qualified it with "financial" wealth.
by Swampy
Sat Feb 01, 2014 8:38 am
 
Forum: Personal Finance (Not Investing)
Topic: What is your definition of "Financially Wealthy?"
Replies: 110
Views: 9647

Re: Expatriation or International Snowbirding

half nine wrote it is certainly feasible that your child will have better, cheaper long term care as a resident in a different country This is exactly what I was thinking, too. Thank you for your insights. It has not occurred to me that getting the citizenship for my mentally handicapped son at/afte...
by Swampy
Sat Feb 01, 2014 8:37 am
 
Forum: Personal Consumer Issues
Topic: Expatriation or International Snowbirding
Replies: 40
Views: 3282

What is your definition of "Financially Wealthy?"

It seems that the worldwide media, leaders, politicians and governments have a common misperception. They believe that one's income defines one's wealth. Often it helps, but it doesn't define the whole picture. A 50 year old person earning $300,000 a year with expenses of $300,000 and less than a mo...
by Swampy
Sat Feb 01, 2014 8:21 am
 
Forum: Personal Finance (Not Investing)
Topic: What is your definition of "Financially Wealthy?"
Replies: 110
Views: 9647

Re: Expatriation or International Snowbirding

Will do good wrote: To make it easy, maybe all we need is to keep this subject open and add to it? I agree. VictoriaF wrote: Then I started having second thoughts: (1) I've learned about the Schengen constraints that limit the European stay to 3 months/year. The Schengen zone does not include the B...
by Swampy
Thu Jan 30, 2014 10:16 am
 
Forum: Personal Consumer Issues
Topic: Expatriation or International Snowbirding
Replies: 40
Views: 3282

Re: Expatriation or International Snowbirding

I spent nearly two months in Europe recently. I plan on spending two more months there later this year. Because I travelled with my entire family, we spent about 7-10 days in one location before moving on, as we will do this year. It was a far superior way to travel than going on a guided tour and s...
by Swampy
Wed Jan 29, 2014 8:10 am
 
Forum: Personal Consumer Issues
Topic: Expatriation or International Snowbirding
Replies: 40
Views: 3282

Re: Annual gifting to children

coffeedrinker said: We have decided to gift our two children, mid-30’s, the annual maximum allowed, $14,000 in 2014. The gift is directed to our children through both are married. What should we be aware of? Pitfalls to avoid? There is nothing wrong with helping and assisting your children become se...
by Swampy
Wed Jan 29, 2014 7:41 am
 
Forum: Personal Finance (Not Investing)
Topic: Annual gifting to children
Replies: 30
Views: 2902

Re: Expatriation or International Snowbirding

I've been in contact with L. Martin when she first started this. Sorry, I think she's a relative newbie and more into peddling her book and blog. I've been studying this on and off for 20+ years and have lived in foreign lands back in the 70's and 80's. After a 30 year hiatus from foreign exploratio...
by Swampy
Mon Jan 27, 2014 9:11 pm
 
Forum: Personal Consumer Issues
Topic: Expatriation or International Snowbirding
Replies: 40
Views: 3282

Re: Do Retirees have Emergency Funds ?

I currently have five years worth of living expenses as backup in cash reserves. If there is a market meltdown, I would shift some into index funds and eventually hope to just have about 18-24 months worth of living expenses in cash at all times.

I am not yet at Social Security age.
by Swampy
Mon Jan 27, 2014 10:15 am
 
Forum: Investing - Help with Personal Investments
Topic: Do Retirees have Emergency Funds ?
Replies: 36
Views: 1959

Expatriation or International Snowbirding

One long held dream of mine has been to seasonally travel to foreign lands for extended periods, 30 to 180 days, at a time. An example would be heading to Europe in May and either staying put in one country for the entire time, or possibly move from one location to the next after being in one place ...
by Swampy
Mon Jan 27, 2014 10:09 am
 
Forum: Personal Consumer Issues
Topic: Expatriation or International Snowbirding
Replies: 40
Views: 3282

Re: Car Decision - Switching Worth it?

$2000 will pay for 500 gallons of gas at $4 a gallon. At 25 MPG, that's $2000 for 12500 miles of driving. Put another way, it'd cost $3200 in the coming year for fuel costs. At 45 MPG, that's $2000 for 22500 miles of driving. Put another way, it's cost $1778 in the coming year for fuel costs (a savi...
by Swampy
Tue Jan 21, 2014 10:13 am
 
Forum: Personal Finance (Not Investing)
Topic: Car Decision - Switching Worth it?
Replies: 8
Views: 880

Re: Early Retirement

$3.5 million at 2.5% = $87,500 a year to start, adjusted for inflation. Having $3.5 million at age 45 insinuates that you were either a high earner, inherited a lot, or had some other windfall. If you were a high earner, is $87,500 a year going to be enough to maintain what you were accustomed to? P...
by Swampy
Tue Jan 21, 2014 10:00 am
 
Forum: Investing - Help with Personal Investments
Topic: Early Retirement
Replies: 19
Views: 3229

Re: Does advice of saving 10% of income for retirement still

10% still applies, it isn't enough, but it still applies. I think 20+% is really the figure that most should strive for. In order for retirement planning to be successful, there has to be some privation of 'wants' not needs. Usually that means no: McMansion, new automobile every 2-3 years, annual sk...
by Swampy
Sun Jan 19, 2014 3:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does advice of saving 10% of income for retirement still app
Replies: 23
Views: 2209

Re: Saving/Investing for Down Payment

we expect to have saved the entire amount in 3.5-4 years Open a CITBANK savings account. It's the highest yielding one that I know of with immediate (non penalized) access to your funds. However, I want to address something nobody else has. We were in a similar position about 25 years ago. We saved...
by Swampy
Sun Jan 19, 2014 7:05 am
 
Forum: Investing - Help with Personal Investments
Topic: Saving/Investing for Down Payment
Replies: 11
Views: 742

Re: Who Invests 100% in Passive Index Funds/ETFs

I'm 65% in index funds and ETF's, 13% other and 22% cash equivalents. Working my way to 85-90% index and 10-15% cash.
by Swampy
Thu Jan 16, 2014 5:43 pm
 
Forum: Investing - Theory, News & General
Topic: Who Invests 100% in Passive Index Funds/ETFs
Replies: 79
Views: 5383

Re: I Retire Next Year and am 100% Stocks

Not a good idea to have all your eggs in one basket. What if there is a 20-50% drop this year? What if interest rates nudge up 1-2-3% by year's end? Personally, I'd sell everything ASAP since it's a nontaxable event. Transfer the cash from the 401k to either to Vanguard IRA or a DFA fund manager to ...
by Swampy
Thu Jan 16, 2014 2:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: I Retire Next Year and am 100% Stocks
Replies: 20
Views: 1896

Re: Paying for College while Retired -- FAFSA Strategies

We did the FAFSA form on 1/1/14. Since I'm an early retiree and have assets outside of retirement plans to cover us till we get to Social Security age, we received a very rude awakening. We're too rich to get anything. Moral: If you're an achiever and responsibly accumulate assets for a semblance of...
by Swampy
Tue Jan 14, 2014 9:07 am
 
Forum: Personal Finance (Not Investing)
Topic: Paying for College while Retired -- FAFSA Strategies
Replies: 50
Views: 2150

Re: Best Places To Park Cash For 3 - 5 Years

This leads to secondary questions. Does anyone think 3% is good for the next 5 years, or would shorter term CD's be preferred in case interest rates rise in 1-2-3 years? Where do you think interest rates will be in 3-5 years and when do you think they will rise? Granted, 3% is better than 0.05, 0.1 ...
by Swampy
Tue Jan 14, 2014 8:40 am
 
Forum: Investing - Help with Personal Investments
Topic: Best Places To Park Cash For 3 - 5 Years
Replies: 5
Views: 860

Best Places To Park Cash For 3 - 5 Years

Interest rates are low and unappealing for someone who wants to put it in a safe (preferably FDIC insured) place instead of risking it in the bond market. For someone who plans to access their cash in 3 to 5 years, where would you recommend they 'park' their cash and why? Which option would be best ...
by Swampy
Tue Jan 14, 2014 7:24 am
 
Forum: Investing - Help with Personal Investments
Topic: Best Places To Park Cash For 3 - 5 Years
Replies: 5
Views: 860
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