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Re: Do you have class?

How does paying your cc balance off in time with zero interest benefit the cc company???
by The Wizard
Sun Aug 31, 2014 8:28 am
 
Forum: Personal Finance (Not Investing)
Topic: Do you have class?
Replies: 15
Views: 1517

Re: Excess RMD

If you're doing a 4% safe withdrawal scheme from tax-sheltered funds, mostly to live on, then you'll hardly notice the RMD issue the first few years; you're already taking out more than the RMD. So the question is more relevant for people with large enough pensions & SS such that their IRA and/o...
by The Wizard
Sat Aug 30, 2014 10:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Excess RMD
Replies: 19
Views: 932

Re: Capital Gains Tax

If you have $36,000 of taxable income (not AGI) due to employment and $1200 of capital gains, then $1000 of he CG gets a free ride and $200 of it is taxed at 15%.
If I'm wrong, someone will correct me, I'm sure...
by The Wizard
Sat Aug 30, 2014 10:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Capital Gains Tax
Replies: 3
Views: 484

Re: My husband's " WILL", $ left for me to live on....

I agree with denovo that there may be some puffery going on with respect to the true net worth of the husband's investments, minus the mortgages. This matters if his will has too many discrete dollar amounts in it: $200K here, $400K there, etc. It's usually better to use percentages for the bulk of ...
by The Wizard
Sat Aug 30, 2014 8:02 am
 
Forum: Personal Finance (Not Investing)
Topic: My husband's " WILL", $ left for me to live on....
Replies: 258
Views: 16721

Re: DIAs, SS, etc.

I don't think the wiki addresses this; it's a complicated and personal issue. There are many threads on SS at age 70; many of us plan to do approximately that. I have a spreadsheet showing estimated income for each year from 63 (start) to 72, the first ten years for me. It has about six different in...
by The Wizard
Fri Aug 29, 2014 9:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: DIAs, SS, etc.
Replies: 1
Views: 251

Re: Any Tips on wintering in the Bahamas ?

I think bonefish are catch&release rather than putting them on the grill with a tasty recipe. In any event, it's starting to appear the OP knows more about his question than the rest of us here do. Better to post the Q on a Bahamas forum, similar to http://www.bonairetalk.com for the island of B...
by The Wizard
Fri Aug 29, 2014 8:38 pm
 
Forum: Personal Consumer Issues
Topic: Any Tips on wintering in the Bahamas ?
Replies: 21
Views: 1807

Re: My husband's " WILL", $ left for me to live on....

wow. I would get a job, not only for current income, but also to increase your social security payments once you start receiving it. This Then sell the house and tell him you wont be able to afford it in retirement. Put the proceeds into your new job 401k and open a roth. Rent a "poverty level...
by The Wizard
Fri Aug 29, 2014 8:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: My husband's " WILL", $ left for me to live on....
Replies: 258
Views: 16721

Re: Another Milestone

You can add that pension's present value into your net worth for fun & games, but I tend to agree with Leeraar that looking at your planned monthly INCOME in retirement starts to take precedence at this point (five years out)...
by The Wizard
Fri Aug 29, 2014 7:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Another Milestone
Replies: 9
Views: 1314

Re: which engine and transmission options to choose for Taco

It looks like you may have missed my earlier post about 4x4 pickups generally having winter-capable tires as standard equipment. We're not talking about passenger cars here... I have to disagree, stock tires on a truck do not equal tires rated for use on snow and ice. I absolutely agree. "All ...
by The Wizard
Fri Aug 29, 2014 7:09 pm
 
Forum: Personal Consumer Issues
Topic: which engine and transmission options to choose for Tacoma?
Replies: 37
Views: 1508

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
Fri Aug 29, 2014 7:08 pm
 
Forum: Personal Consumer Issues
Topic: which engine and transmission options to choose for Tacoma?
Replies: 37
Views: 1508

Re: When to take Social Security

sscritic is on hiatus, so we're gunna have to wing this one ourselves.
What the others said: you need to find your inflation adjusted 35 highest earning years and determine whether a current year will make a dramatic difference by replacing a lower year...
by The Wizard
Fri Aug 29, 2014 6:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: When to take Social Security
Replies: 4
Views: 564

Re: My husband's " WILL", $ left for me to live on....

Late to the thread. We don't know enough about the prenup or the state laws to comment accurately. A proper lawyer in the OP's state will be able to clarify all this quickly, as many others have said. I'll just add that it appears that the OP's husband has been spending joint (marital) income over t...
by The Wizard
Fri Aug 29, 2014 4:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: My husband's " WILL", $ left for me to live on....
Replies: 258
Views: 16721

Re: Trip to the Caribbean - Suggestions

Though it's not on your list, you might want to consider the Couples resorts in Jamaica for your honeymoon.
We're hitting Couples Negril in mid November, but for the first time there...
by The Wizard
Fri Aug 29, 2014 4:26 pm
 
Forum: Personal Consumer Issues
Topic: Trip to the Caribbean - Suggestions
Replies: 31
Views: 1717

Re: Trip to the Caribbean - Suggestions

If you insist on doing Arube, then the Divi Aruba is pretty good for an AI. It's in the low-rise hotel section, not the high-rise.
I normally go to Bonaire or Curacao in that area, but we're scuba divers...
by The Wizard
Fri Aug 29, 2014 4:24 pm
 
Forum: Personal Consumer Issues
Topic: Trip to the Caribbean - Suggestions
Replies: 31
Views: 1717

Re: Debating whether to keep current vehicle or purchase ano

Get AAA regardless; a vehicle doesn't have to have >200,000 miles on it to break down.
Put $$$ aside for the purchase of a new vehicle when "the time comes".
And get out there and shop around a bit now with no time pressure on you...
by The Wizard
Thu Aug 28, 2014 12:41 pm
 
Forum: Personal Consumer Issues
Topic: Debating whether to keep current vehicle or purchase another
Replies: 39
Views: 1851

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: 14
Views: 1849

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: 40
Views: 5132

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: 17
Views: 1365

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: 746

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: 6011

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: Personal Finance (Not Investing)
Topic: Trying to understand the 1040 Tax Table
Replies: 36
Views: 2277

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: Personal Finance (Not Investing)
Topic: Trying to understand the 1040 Tax Table
Replies: 36
Views: 2277

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: 10138

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: 10138

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: 6011

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: 68
Views: 5325

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: 2242

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: 2776

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: 2691

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: 3801

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: 3801

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: 15325

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: 15325

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: 15325

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: 1764

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: 1764

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: 1882

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: 1882

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: 1882

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: 3091

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: 3091

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: 7365

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: 7365

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: 753

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: 1730

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: 3752

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: 3752

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: 1613

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: 88
Views: 5624
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