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Re: Where to invest $100,000 this week

Put the $100k into some mix of VG stock index funds in your taxable account. Then adjust your tax sheltered accounts to have more bond funds...
by The Wizard
Thu Aug 28, 2014 7:03 am
 
Forum: Investing - Help with Personal Investments
Topic: Where to invest $100,000 this week
Replies: 1
Views: 35

Re: I have 1M in Vanguard. Start Diversifying to Real Estate

65/45 doesn't add up, correct.
$1M is good for your age, but I'd stay the course.
Rental real estate isn't all that passive. Stuff breaks constantly and needs repair/replacement quickly. How would you plan on doing this? Take a broken water heater to start with...
by The Wizard
Thu Aug 28, 2014 6:45 am
 
Forum: Investing - Help with Personal Investments
Topic: I have 1M in Vanguard. Start Diversifying to Real Estate?
Replies: 3
Views: 246

Re: Sick Building Syndrome (Electrical Pollution)

I agree with most of the others. It's got to be something other than EM fields, which are mostly innocuous, unless you are a migrating bird.
I might suspect an air quality issue with less than the normal oxygen level, but who knows...
by The Wizard
Thu Aug 28, 2014 6:09 am
 
Forum: Personal Consumer Issues
Topic: Sick Building Syndrome (Electrical Pollution)
Replies: 8
Views: 324

Re: Please Help:Divorced Spouse Taking Social Security at Ag

Dodecahedron is correct. You have to be FRA (66) to apply for divorced spouse benefit and allow your own to grow. But if 50% of your ex spouse's PIA is greater than your own PIA, then you could apply earlier than FRA and just keep that benefit forever. And you need to prove you qualify for that bene...
by The Wizard
Thu Aug 28, 2014 5:59 am
 
Forum: Personal Finance (Not Investing)
Topic: Please Help:Divorced Spouse Taking Social Security at Age 62
Replies: 3
Views: 267

Re: Is it me, or are "collectibles" worthless in 2014?

Regarding Abe's story, it's safe to say that true ANTIQUES are different from plain old collectibles...
by The Wizard
Mon Aug 25, 2014 5:26 pm
 
Forum: Personal Consumer Issues
Topic: Is it me, or are "collectibles" worthless in 2014?
Replies: 79
Views: 5877

Re: Trying to understand the 1040 Tax Table

Note however, that the Tax Table is just an approximation to your true marginal tax rate.
Certain deductions PHASE OUT through a range of income, so your true marginal rate could be higher (never lower?) than the Table.
You need to run tax software on your own specific details to determine this...
by The Wizard
Mon Aug 25, 2014 3:35 pm
 
Forum: Investing - Theory, News & General
Topic: Trying to understand the 1040 Tax Table
Replies: 17
Views: 958

Re: Trying to understand the 1040 Tax Table

I think I'd call that the "effective total tax rate". But I don't pay any attention to that number. Can you elaborate? Why does your marginal rate matter, when what you pay is this "effective" rate? Because: some of us (in retirement mostly) have the option of taking more income...
by The Wizard
Mon Aug 25, 2014 3:26 pm
 
Forum: Investing - Theory, News & General
Topic: Trying to understand the 1040 Tax Table
Replies: 17
Views: 958

Re: Telling my friends I paid off my houses was a mistake.

Sounds like harmless pitter-patter. Not like you told them you have $100,000 in your checking account and now they expect you to pick up the tab when you go out... As I was reading your post I thought this was going to be the issue. Yeah, I think the real problems come when people somehow "kno...
by The Wizard
Mon Aug 25, 2014 1:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Telling my friends I paid off my house was a mistake.
Replies: 73
Views: 9373

Re: Telling my friends I paid off my houses was a mistake.

Sounds like harmless pitter-patter.
Not like you told them you have $100,000 in your checking account and now they expect you to pick up the tab when you go out...
by The Wizard
Mon Aug 25, 2014 1:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Telling my friends I paid off my house was a mistake.
Replies: 73
Views: 9373

Re: Is it me, or are "collectibles" worthless in 2014?

I collect beer cans as I encounter them in my travels. I have close to a thousand different ones now, which pales in comparison to those who have 10X more. But I'm proud of my Billy Beer and J R Ewing Beer cans, to name two. It's really hard to quantify how much this mass of aluminum will bring on t...
by The Wizard
Mon Aug 25, 2014 1:43 pm
 
Forum: Personal Consumer Issues
Topic: Is it me, or are "collectibles" worthless in 2014?
Replies: 79
Views: 5877

Re: S&P500 over 2000

In the annual Bogleheads Contest, I suspect the bulk of estimates for S&P500 at the END of 2014 are below 2000.00.
Still 4 months remaining for it to revert back there...
by The Wizard
Mon Aug 25, 2014 1:33 pm
 
Forum: Investing - Theory, News & General
Topic: S&P500 over 2000
Replies: 65
Views: 4590

Re: Newbie nervous and just invested 55k with Vanguard

Admiral share status is just a matter of having $10,000 or more (usually) in a fund. Some managed funds are $50k.

And where are your IRAs, either Roth or traditional?
Even with low tax bracket, would be better to have your bond funds in a trad IRA. Open them at Vanguard today...
by The Wizard
Mon Aug 25, 2014 8:18 am
 
Forum: Investing - Help with Personal Investments
Topic: Newbie nervous and just invested 55k with Vanguard
Replies: 20
Views: 2215

Re: Help please with revised plan for living in retirement

A lot of Bogleheads, myself included, have a 50/50 AA just prior to and going into retirement. I keep all my funds at that AA even though I'm doing a seven year bridge to SS at 70. I do this because expected returns are higher than would be with a major portion in cash. But I'm accustomed to the ups...
by The Wizard
Mon Aug 25, 2014 8:03 am
 
Forum: Investing - Help with Personal Investments
Topic: Help please with revised plan for living in retirement
Replies: 15
Views: 2758

Re: did I damage my fridge by leaving the door open for a we

When I leave mine open (for a few hours accidentally) the light bulbs heat it up it inside. (Note to mfrs: LEDs should not)
Anyhow, no, I think yours should be fine...
by The Wizard
Sun Aug 24, 2014 8:08 pm
 
Forum: Personal Consumer Issues
Topic: did I damage my fridge by leaving the door open for a week?
Replies: 31
Views: 2664

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

In all fairness, the OP said buying and holding FOREVER, not trading. Better to eliminate tech growth stocks and look at steady dividend-paying stocks for this to work OK.
Having 100 shares of Exxon-Mobil would definitely not ruin my day...
by The Wizard
Sun Aug 24, 2014 2:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Buy & Hold Forever Blue Chip Stocks???
Replies: 73
Views: 3567

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

It's a bad idea to string a dead albatross around the necks of your children. This forum is replete with posts from children whose parents left them with a messy portfolio of stocks. Then those children get all sentimental and don't want to dump those stocks for more diversified index funds. It jus...
by The Wizard
Sun Aug 24, 2014 2:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Buy & Hold Forever Blue Chip Stocks???
Replies: 73
Views: 3567

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

I agree with many but not all of the recommendations so far. I don't see the OP needing a "team" of pros managing his finances indefinitely. You do want a lawyer in estate planning to set things up for you to cover all sorts of possible future problems. BSTEINER wrote a couple of articles ...
by The Wizard
Sun Aug 24, 2014 2:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: I need "Ultra High Net Worth" investing advice please
Replies: 215
Views: 14967

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

Regardless of what investment choices you make, it is very important that you do some estate planning. If you get hit by a bus tomorrow, without an estate plan, roughly $45M of your windfall could be subject to a 40% federal tax plus whatever state tax that's applicable. Maybe you've already taken ...
by The Wizard
Sat Aug 23, 2014 6:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: I need "Ultra High Net Worth" investing advice please
Replies: 215
Views: 14967

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

Do you plan to start another business with a portion of the proceeds?
A lot of entrepreneurs do.
If so, then maybe you have $10M for the long haul and $40M working capital.
So what is your age and future aspirations?
by The Wizard
Sat Aug 23, 2014 6:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: I need "Ultra High Net Worth" investing advice please
Replies: 215
Views: 14967

Re: I failed SS login

...I've been on the move for about 14 months and the credit reporting agencies have a lag time for address changes, etc. Last time I tried to get in I "failed" because I didn't guess right on what they thought the address should be. I should also mention that those credit reporting questi...
by The Wizard
Sat Aug 23, 2014 7:23 am
 
Forum: Personal Finance (Not Investing)
Topic: I failed SS login
Replies: 18
Views: 1760

Re: I failed SS login

I got around to logging into my SS account five minutes ago. (I set up my personal SS account around two years ago.) My previous password worked fine but it had expired so the site prompted me to create a new password, which I did. So it's quite unnecessary to login every 179 days to avoid being loc...
by The Wizard
Sat Aug 23, 2014 7:15 am
 
Forum: Personal Finance (Not Investing)
Topic: I failed SS login
Replies: 18
Views: 1760

Re: Stopping Junk mail from USPS

...interesting-looking-but-too-rich-for-our-blood alumni travel offers from both of the universities I attended. I think we get almost one a week. I actually save some of those over-priced travel brochures from my own alumni association. I've picked up some good ideas for a trip to Italy before too...
by The Wizard
Fri Aug 22, 2014 7:49 pm
 
Forum: Personal Consumer Issues
Topic: Stopping Junk mail from USPS
Replies: 26
Views: 1866

Re: Stopping Junk mail from USPS

It's easy to put the junk mail in the recycle bin along with the yellow pages, etc. There are bigger fish to fry on the list of things that annoy you, I would hope... It's easy to not post a condescending reply that offers no help in accomplishing the OPs task. There are bigger fish to fry on the l...
by The Wizard
Fri Aug 22, 2014 7:41 pm
 
Forum: Personal Consumer Issues
Topic: Stopping Junk mail from USPS
Replies: 26
Views: 1866

Re: Stopping Junk mail from USPS

It's easy to put the junk mail in the recycle bin along with the yellow pages, etc.
There are bigger fish to fry on the list of things that annoy you, I would hope...
by The Wizard
Fri Aug 22, 2014 5:25 pm
 
Forum: Personal Consumer Issues
Topic: Stopping Junk mail from USPS
Replies: 26
Views: 1866

Re: someone who claimed at 62 got an 8% increase this year

(Plus, where else can you get 8% right now, with a full government guarantee?) Careful with that last statement, spectec. I'm also a fan of delaying till age 70, but for 1000 of us that do it, the averages will kick in and some will be net "losers". It's not like 8% in an online savings a...
by The Wizard
Fri Aug 22, 2014 5:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: someone who claimed at 62 got an 8% increase this year
Replies: 26
Views: 3073

Re: someone who claimed at 62 got an 8% increase this year

(Plus, where else can you get 8% right now, with a full government guarantee?) Careful with that last statement, spectec. I'm also a fan of delaying till age 70, but for 1000 of us that do it, the averages will kick in and some will be net "losers". It's not like 8% in an online savings a...
by The Wizard
Fri Aug 22, 2014 4:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: someone who claimed at 62 got an 8% increase this year
Replies: 26
Views: 3073

Re: POLL: Age for Collecting Social Security Benefits

"Planning" to collect at age 70 is far different than actually having done so. When 62 rolls around and you take notice that many folks don't make it to 70, or are diagnosed with a life changing health issue, then you've got to ask yourself one question: "Do I feel lucky?" Well,...
by The Wizard
Fri Aug 22, 2014 2:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: Age for Collecting Social Security Benefits
Replies: 103
Views: 7308

Re: POLL: Age for Collecting Social Security Benefits

"Planning" to collect at age 70 is far different than actually having done so. When 62 rolls around and you take notice that many folks don't make it to 70, or are diagnosed with a life changing health issue, then you've got to ask yourself one question: "Do I feel lucky?" Well,...
by The Wizard
Fri Aug 22, 2014 1:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: Age for Collecting Social Security Benefits
Replies: 103
Views: 7308

Re: 60 years old and lump sum investment

EDIT: The pension system performed a cash distribution and withheld tax. At this point can it be deposited into an IRA? I wouldn't think so. Sounds like with the tax withheld that the money has already left the tax-deferred arena. It does sound like that ship has sailed. I would put the $$ into a V...
by The Wizard
Fri Aug 22, 2014 1:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: 60 years old and lump sum investment
Replies: 6
Views: 747

Re: Rain Jacket Recommendations

I have a newer Marmot set (jacket and full zip pants) that seem to work OK. About $100 each. The problem is when you are zipped up and exerting and therefore sweating; the cooler rain causes condensation inside your jacket, so you get damp that way. Not an easy problem to fix. REI does have a good i...
by The Wizard
Fri Aug 22, 2014 1:06 pm
 
Forum: Personal Consumer Issues
Topic: Rain Jacket Recommendations
Replies: 29
Views: 1706

Re: Quote from a mover: Please comment

How about a Boglehead moving party with Pizza provided? :sharebeer [disclaimer: I don't drink beer] Good idea; I'll bring my pickup truck. And I'll drink your beer for you after we're done... This is getting interesting! Should I abandon the idea of movers and recruit Bogleheads? Beer, or sherry, o...
by The Wizard
Fri Aug 22, 2014 12:59 pm
 
Forum: Personal Consumer Issues
Topic: Quote from a mover: Please comment
Replies: 46
Views: 3554

Re: Quote from a mover: Please comment

an_asker wrote:How about a Boglehead moving party with Pizza provided? :sharebeer [disclaimer: I don't drink beer]

Good idea; I'll bring my pickup truck.
And I'll drink your beer for you after we're done...
by The Wizard
Fri Aug 22, 2014 12:34 pm
 
Forum: Personal Consumer Issues
Topic: Quote from a mover: Please comment
Replies: 46
Views: 3554

Re: Driving in Costa Rica

Anybody have luck using their smartphone GPS capability in Costa Rica, using preloaded maps?
by The Wizard
Fri Aug 22, 2014 12:30 pm
 
Forum: Personal Consumer Issues
Topic: Driving in Costa Rica
Replies: 23
Views: 1604

Re: Do you take all of your allowed paid vacation time?

Good poll. I'm retired and answered as such. For the last few decades of my employment, I had four weeks paid vacation per year, credited incrementally on each monthly or weekly paycheck. I not only took all of my paid vacation on a continuing basis, I took extra days off to the extent of five or si...
by The Wizard
Fri Aug 22, 2014 12:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you take all of your allowed paid vacation time?
Replies: 80
Views: 4864

Re: HELOC + Margin = $200k to play with

This is a TROLL post, right?
by The Wizard
Thu Aug 21, 2014 9:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: HELOC + Margin = $200k to play with
Replies: 24
Views: 1752

Re: which engine and transmission options to choose for Taco

Irrelevant. The most important need is proper snow/ice tires. Any engine will get you moving. 4wd does not help you move or stop. +1 Winter tires trump everything else in terms of importance for safety in winter, snow, and ice. There is no substitute. Check out Consumer Reports. Stopping distance i...
by The Wizard
Thu Aug 21, 2014 8:23 pm
 
Forum: Personal Consumer Issues
Topic: which engine and transmission options to choose for Tacoma?
Replies: 25
Views: 915

Re: which engine and transmission options to choose for Taco

Absolutly get the studded snow tires if your locality permits. The non-studded winter tire technology has improved dramatically over the last decade, so much so that studded tires are not needed anymore except for extreme situations. Winter Tyres or 4x4: which is best? Studded tires are mandatory f...
by The Wizard
Thu Aug 21, 2014 8:18 pm
 
Forum: Personal Consumer Issues
Topic: which engine and transmission options to choose for Tacoma?
Replies: 25
Views: 915

Re: which engine and transmission options to choose for Taco

Irrelevant. The most important need is proper snow/ice tires. Any engine will get you moving. 4wd does not help you move or stop. It certainly does help you get moving. +1 on snow tires though. I had 4 studded snow tires on my Subaru and the only time I got stuck was when the snow depth was greater...
by The Wizard
Thu Aug 21, 2014 5:29 pm
 
Forum: Personal Consumer Issues
Topic: which engine and transmission options to choose for Tacoma?
Replies: 25
Views: 915

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

It is indeed a great article, from a website that serves up a lot of financial porn.
I agree with all of his points and especially like the one about not budgeting except for nerdy individuals...
by The Wizard
Thu Aug 21, 2014 3:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Great MarketWatch Article - 13 financial tips to live by
Replies: 13
Views: 1879

Re: which engine and transmission options to choose for Taco

I have the four litre V6 (210 HP?) in my Ford Ranger 4x4 pickup and it's just fine. When I'm hauling a full load of something, I worry more about handling and braking than rapid acceleration.
If I want to go fast, I switch to the Mustang...
by The Wizard
Thu Aug 21, 2014 3:43 pm
 
Forum: Personal Consumer Issues
Topic: which engine and transmission options to choose for Tacoma?
Replies: 25
Views: 915

Re: A question about Sherry

If air got in, it will be brown, oxidized, and smell funny.
Easy to find out...
Edit: it might be brownish anyway...
by The Wizard
Thu Aug 21, 2014 3:18 pm
 
Forum: Personal Consumer Issues
Topic: A question about Sherry
Replies: 13
Views: 1264

Re: I failed SS login

I find it amusing that SS claims NOT to use your SS# when pulling your credit report from Experian.
Good luck in finding the right John Smith in that case.
by The Wizard
Thu Aug 21, 2014 2:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: I failed SS login
Replies: 18
Views: 1760

Re: Need another bank besides Capital One

Ally bank is a good choice...
by The Wizard
Thu Aug 21, 2014 1:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Need another bank besides Capital One
Replies: 24
Views: 1938

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

Op, Is this a fixed or variable annuity? Is the 6.6% inflation adjusted? 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. The Trinity study found a non-inflation adjusted 7% withdrawal using 50...
by The Wizard
Thu Aug 21, 2014 12:36 pm
 
Forum: Investing - Theory, News & General
Topic: Why aren't annuities better than investment drawdowns?
Replies: 46
Views: 2893

Re: FERS retirement: Final taxes and TSP

...If pensions, Social Security, and a portfolio draw-down satisfy one's retirement needs then asset allocation, performance targets, portfolio drag, and other financial measures become irrelevant. Victoria I hope I'm not taking the above too far out of context, but are you sure this is correct? I ...
by The Wizard
Thu Aug 21, 2014 11:20 am
 
Forum: Personal Finance (Not Investing)
Topic: FERS retirement: Final taxes and TSP
Replies: 38
Views: 2427

Re: FERS retirement: Final taxes and TSP

Though I'm not in the Federal retirement system, I am similarly Bridging The Gap to my age 70 SS benefit in 5.5 more years. But I'm not bucketizing any of the funds needed to supply the $3000 per month in lieu of SS; I'm just maintaining an approximate 50/50 AA in my tax-sheltered accounts and doing...
by The Wizard
Thu Aug 21, 2014 11:09 am
 
Forum: Personal Finance (Not Investing)
Topic: FERS retirement: Final taxes and TSP
Replies: 38
Views: 2427

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

You are only talking about a lifetime SPIA. That is just one type of annuity. There are several other types of annuities. A SPIA is more useful when you don't care about leaving money behind. That is not true. Let's assume you have $4M at the start of retirement. Buy an SPIA with $2M and live it up...
by The Wizard
Wed Aug 20, 2014 10:46 pm
 
Forum: Investing - Theory, News & General
Topic: Why aren't annuities better than investment drawdowns?
Replies: 46
Views: 2893

Re: Driving Trip Planning

...The HARD part is finding out all of the construction zones. For example, driving Columbus - Ottawa three weeks ago included a 1.5 hour park of I-271 east of Cleveland and an equal delay on the QEW in St. Catherines, ON. I guess that I could go back a few decades and request a Trip-tik from AAA a...
by The Wizard
Wed Aug 20, 2014 10:37 pm
 
Forum: Personal Consumer Issues
Topic: Driving Trip Planning
Replies: 45
Views: 1621

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

You are only talking about a lifetime SPIA. That is just one type of annuity. There are several other types of annuities. A SPIA is more useful when you don't care about leaving money behind. That is not true. Let's assume you have $4M at the start of retirement. Buy an SPIA with $2M and live it up...
by The Wizard
Wed Aug 20, 2014 10:25 pm
 
Forum: Investing - Theory, News & General
Topic: Why aren't annuities better than investment drawdowns?
Replies: 46
Views: 2893
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