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by bayview
Tue May 26, 2015 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: $4500 reasonable for wills for blended family and some trusts?
Replies: 38
Views: 1861

Re: $4500 reasonable for wills for blended family and some trusts?

Hope you don't mind me asking, but separate from all the fee issues, etc., how are you and your wife going about thinking through the whole who-gets-what issue? IMO, it gets complicated if I let it. My wife has considerably more assets than my ex has. There was a time when I thought I should equali...
by bayview
Tue May 26, 2015 11:54 am
Forum: Investing - Theory, News & General
Topic: Book recommendation
Replies: 6
Views: 838

Re: Book recommendation

Larry, any idea when the 3rd ed. will be out? This sounds like what I'm looking for, but I do want the latest edition.
by bayview
Mon May 25, 2015 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Question about Citi Double Cash Card
Replies: 40
Views: 4763

Re: Question about Citi Double Cash Card

Lower than normal credit limits on the Double Cash card makes sense. Citi is operating on very thin margins on this card. Any defaults at all will hurt them, whereas most issuers have a bigger cushion. As a result, I think Citi is trying to protect itself by keeping credit limits low even for borro...
by bayview
Mon May 25, 2015 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Do Bogleheads plan to utilize Independent Living facilities?
Replies: 46
Views: 1959

Re: Do Bogleheads plan to utilize Independent Living facilities?

All good points! Only thing I would add - besides the "physical" you also have to pass the financial test. Yup, you have to lay everything bare as far as income/assets/net worth. Whether church-affiliated or not, they aren't dumb. They aren't going to admit anyone who is shaky to start wi...
by bayview
Mon May 25, 2015 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Question about Citi Double Cash Card
Replies: 40
Views: 4763

Re: Question about Citi Double Cash Card

I was startled to receive a $10K limit last week. Go figure. Clean credit report, FICO's in 760-780 range due to "seeking credit/too many inquiries" (we recently re-fi'd our house, plus picked up a few reward cards.) Only other derog is "too many accounts with balances" (5 report...
by bayview
Mon May 25, 2015 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: $4500 reasonable for wills for blended family and some trusts?
Replies: 38
Views: 1861

Re: $4500 reasonable for wills for blended family and some trusts?

We need to redo our wills. They are slightly complicated in that W wants to, on the off-chance that I outlive her, provide a comfortable life for me and then the remainder to her two children. I in turn want to give everything to my 4 kids (including the same two as my wife has)... Hope you don't m...
by bayview
Sat May 23, 2015 1:24 pm
Forum: Investing - Theory, News & General
Topic: Why government bonds at all?
Replies: 55
Views: 3745

Re: Why government bonds at all?

All our bonds are Treasuries (including the G fund.) As they do better at zigging when equity zags than do corporates, we can put a greater percentage of our investments in equities.
by bayview
Wed May 20, 2015 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone limit available credit on Credit card?
Replies: 34
Views: 2367

Re: Does anyone limit available credit on Credit card?

I have crazy-huge limits on a number of cards (no idea why, but hey), and I've never had the slightest issue.* I only apply for reward cards (Citi Double Cash last night) and store cards that bring a special deal (new fridge at 0% for a year, paid off early.) The limits on the new cards have stayed ...
by bayview
Tue May 19, 2015 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Should I renege [on a] job offer?
Replies: 48
Views: 4539

Re: Should I renege [on a] job offer?

Congrats on what seems like a smart decision. Before I saw the date on this thread, I thought these two things: ...To be honest, the only reason I interviewed for IB was because I wanted a offer so I could negotiate a higher salary in consulting (figured it was worth a shot)... I think you answered ...
by bayview
Fri May 15, 2015 6:55 pm
Forum: Investing - Help with Personal Investments
Topic: Need Your Help Evaluating My Portfolio (TSP Allocation, Roth IRA Vanguard)
Replies: 8
Views: 472

Re: Need Your Help Evaluating My Portfolio (TSP Allocation, Roth IRA Vanguard)

Thanks for the feedback, Duckie. As for the G fund, I'm not a big fan of the G fund simply because although it never loses money, it doesn't really outpace the rate of inflation. Or am I being too aggressive with my portfolio?... It's useful to understand the different functions/roles of your vario...
by bayview
Thu May 14, 2015 6:12 pm
Forum: Investing - Theory, News & General
Topic: 403(b) & 457 combined contribution limits (2 employers)
Replies: 7
Views: 517

Re: 403(b) & 457 combined contribution limits (2 employers)

...Since tax deferred income is still subject to social security and medicare taxes, the money that I pay for those taxes can be used as the basis for a Roth contribution using funds from another source... You mean in the sense of tax-deferred withdrawals potentially resulting in your SS income bei...
by bayview
Thu May 14, 2015 5:50 pm
Forum: Investing - Theory, News & General
Topic: 403(b) & 457 combined contribution limits (2 employers)
Replies: 7
Views: 517

Re: 403(b) & 457 combined contribution limits (2 employers)

2. Don't forget in the year you hit 50 (in that year even if your birthday is Dec 31st) you get a bump on all 401k, 403b, 457 contribution limits. So goes from $18k to $23k and then there are adjustments upwards indexed to inflation. Actually, it's now $24k for us mossbacks, with a $6K catch-up con...
by bayview
Sun May 10, 2015 8:58 am
Forum: Investing - Theory, News & General
Topic: Help me understand why maxing out Roth TSP is better than Traditional
Replies: 23
Views: 1405

Re: Help me understand why maxing out Roth TSP is better than Traditional

Anything you do with the TSP hits both sides of the account except the partial withdrawal AND you only get one. The other option is to roll the entire account over to an IRA. I can't find verification of that in the TSP literature or on Form TSP-77. In fact, I can only find information that says th...
by bayview
Sat May 09, 2015 10:13 pm
Forum: Investing - Theory, News & General
Topic: Swedroe: Credit Risk Not Worth It
Replies: 43
Views: 5257

Re: Swedroe: Credit Risk Not Worth It

The point is, smoothing out short term impacts from panics should NOT be a goal of portfolio construction. Portfolio diversification is a mechanism that works over multiple years and decades, not months or even a year or two. Investors should pick an appropriate level of risk and diversify that ris...
by bayview
Wed May 06, 2015 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: Aging parent not interested in setting up POA etc
Replies: 26
Views: 2835

Re: Aging parent not interested in setting up POA etc

Do you have YOUR financial house in order with POAs, health care directives, etc.? If so, could that be a springboard to the discussion? If not, you should get them drawn up and let her know. That might help diminish the concern that this is a sign she is giving up her independence as she ages. Tha...
by bayview
Wed May 06, 2015 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Aging parent not interested in setting up POA etc
Replies: 26
Views: 2835

Re: Aging parent not interested in setting up POA etc

Maybe your mother just needs to understand that a POA, in the sense that you are talking about, doesn't mean you can start controlling her money anytime you want, and that it is to ensure she is comfortable/taken care of no matter what situation arises. I'm not an expert so people that know more ca...
by bayview
Wed May 06, 2015 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Aging parent not interested in setting up POA etc
Replies: 26
Views: 2835

Re: Aging parent not interested in setting up POA etc

Thanks to all for the thoughtful replies. I went back and edited my original post --she's 88, not 78. Either I fat-fingered this, or I'm the one with cognitive decline... :oops: In many ways, she's still very sharp cognitively, but she has done a few whimsical things that I can't figure out --were t...
by bayview
Wed May 06, 2015 11:41 am
Forum: Forum Issues and Administration
Topic: Forum software upgrade bug reports and change requests
Replies: 206
Views: 9525

Re: Forum software upgrade bug reports and change requests

I have turned server-side unread tracking back one. It has to start from scratch recording where everyone is, so it may not be exact at first. But threads you read from this point on and new threads should show unread information correctly. Thanks Alex. It works perfectly now. Not for me. The posts...
by bayview
Tue May 05, 2015 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: Aging parent not interested in setting up POA etc
Replies: 26
Views: 2835

Aging parent not interested in setting up POA etc

20 years ago, my widowed mother (now 88) started making noises about making me, the only child, her healthcare POA plus some financial POA stuff as well (co-owner of bank accounts, etc.) Time passed, banks changed, dust settled, and she now has no memory of doing this or understanding of why it migh...
by bayview
Tue May 05, 2015 8:10 pm
Forum: Forum Issues and Administration
Topic: Forum software upgrade bug reports and change requests
Replies: 206
Views: 9525

Re: Forum software upgrade bug reports and change requests

I'm just hanging in there. Things are definitely faster! My phone still doesn't know when I've read posts on my laptop, and my laptop doesn't know when I've read posts on my phone. This is definitely a pain, but I'm hoping it will settle out over the next few days. An hour or so ago, everything went...
by bayview
Tue May 05, 2015 6:10 pm
Forum: Investing - Help with Personal Investments
Topic: Withdrawing Money from Roth IRA / TSP in Retirement
Replies: 12
Views: 1006

Re: Withdrawing Money from Roth IRA / TSP in Retirement

Just to add, we have all our bond money in G (or the Vanguard Treasury equivalents in our non-TSP IRA's), per the advice of Larry Swedroe and others to take all our risk in equities and stay with safety in bonds. As a result, our AA is a bit higher for equities than might be expected for others at o...
by bayview
Tue May 05, 2015 6:00 pm
Forum: Investing - Help with Personal Investments
Topic: How do you keep track of your investments?
Replies: 48
Views: 3012

Re: How do you keep track of your investments?

I keep an eye on things in Vanguard. I have proxies for my TSP funds using VFIUX for G (definitely not great, but acceptable), VIIIX for C, VIEIX for S, and EFA for I. These aren't perfect either, but hey, whatever. They're reasonable. I also have a Google spreadsheet that mainly tracks AA, which I ...
by bayview
Mon May 04, 2015 4:30 am
Forum: Forum Issues and Administration
Topic: Forum software upgrade bug reports and change requests
Replies: 206
Views: 9525

Re: Forum software upgrade bug reports and change requests

I think the problem of having all of your posts showing up as unread is the result of one of those new features I turned off. Specifically 'Enable server-side topic marking: Stores read/unread status information in the database rather than a cookie". You can imagine the size of the database ta...
by bayview
Thu Apr 30, 2015 3:56 pm
Forum: Investing - Theory, News & General
Topic: Asset allocation during RMD years-unneeded but required wd's
Replies: 13
Views: 1149

Re: Asset allocation during RMD years-unneeded but required

...A better mental model might be that the federal government already owns 15% of your tax-advantaged accounts. When you take your RMDs, you simply pay them their share, and keep your share. Holding on to their share longer really does you no good. If you were in a tax bracket higher than 15% when ...
by bayview
Thu Apr 30, 2015 3:09 pm
Forum: Investing - Theory, News & General
Topic: Asset allocation during RMD years-unneeded but required wd's
Replies: 13
Views: 1149

Re: Asset allocation during RMD years

Since we don't get to choose our withdrawal rate for RMD's, and they keep increasing, has anyone given thought to how to do AA for this sort of situation? I thought of keeping the next 7 years' projected RMD's in something like G fund with the rest in equities, in hopes of keeping some growth going...
by bayview
Thu Apr 30, 2015 2:41 pm
Forum: Investing - Theory, News & General
Topic: Asset allocation during RMD years-unneeded but required wd's
Replies: 13
Views: 1149

Re: Asset allocation during RMD years-unneeded but required

Keep in mind that you cannot just withdraw from the G Fund (unless account is 100% G), it all comes out proportional. After your RMD is withdrawn, you will need to rebalance to get your G Fund balance back to where you want it. Right, one thought was to keep 7 years' worth (ages 71-77) of upcoming ...
by bayview
Thu Apr 30, 2015 2:37 pm
Forum: Investing - Theory, News & General
Topic: Asset allocation during RMD years-unneeded but required wd's
Replies: 13
Views: 1149

Re: Asset allocation during RMD years-unneeded but required

If you really want to go with the LMP approach, then you will put enough to cover all of your minimum residual expenses (necessary expected expenses after SS and pension) for the rest of your lives--not just seven years. Using another framework--ability, willingness, and need to take risk--your abi...
by bayview
Thu Apr 30, 2015 1:27 pm
Forum: Investing - Theory, News & General
Topic: Asset allocation during RMD years-unneeded but required wd's
Replies: 13
Views: 1149

Re: Asset allocation during RMD years

The after-tax proceeds of each RMD get reinvested in your taxable account, it would seem. Generally, you want long-term taxable investments in equities,.. Money a retired person might need for LTC is not long term money. We have pensions and SS so we need the difference between them and LTC We keep...
by bayview
Thu Apr 30, 2015 6:19 am
Forum: Investing - Theory, News & General
Topic: Asset allocation during RMD years-unneeded but required wd's
Replies: 13
Views: 1149

Asset allocation during RMD years-unneeded but required wd's

I've read the threads, blogs, and books about creating an LMP (Liability Matching Portfolio) to minimize risk to needed income in the decumulation years. Would the same logic apply for those who don't need basic income from their tax-advantaged savings? We should (gulp) be able to meet basic expense...
by bayview
Tue Apr 21, 2015 7:59 pm
Forum: Investing - Theory, News & General
Topic: "How much of your portfolio is in index funds, and why?"
Replies: 91
Views: 8573

Re: "How much of your portfolio is in index funds, and why?"

How much: 100% of equities. Fixed is in G fund and VFIUX (Intermediate-Term Treasury Fund Admiral shares.) Why: I go with the thinking to take risk in equities, keeping fixed as safe as possible. (All our retirement savings are in tax-advantaged accounts.) If there were such a critter as an intermed...
by bayview
Fri Apr 17, 2015 8:59 pm
Forum: Investing - Theory, News & General
Topic: How to (diplomatically) challenge wife's active mgmt funds
Replies: 90
Views: 5399

Re: How to (diplomatically) challenge wife's active mgmt fun

Perhaps suggest to her to ask her advisor if he has a fiduciary responsibility to her. :D I don't like feeling betrayed, and if I learned that someone whom I trusted for financial advice did not have his primary allegiance to me , I'd walk right out of the office. Alternatively, I agree with the fee...
by bayview
Fri Apr 17, 2015 7:13 pm
Forum: Investing - Theory, News & General
Topic: Retirement expenditure concept
Replies: 46
Views: 3696

Re: Retirement expenditure concept

Professor Emeritus, thanks for starting both these threads. I'm 5-6 years out from retirement, husband already retired, and I'm trying to figure this stuff out too. I had mistakenly thought that all tax-advantaged accounts were lumped together for RMD purposes, and only found out a few weeks ago tha...
by bayview
Wed Apr 15, 2015 5:33 am
Forum: Investing - Theory, News & General
Topic: WSJ: You may need less than 80% in retirement
Replies: 98
Views: 9282

Re: WSJ: You may need less than 80% in retirement

Probably because we have a broken chromosome in every cell. The Y means we have more recessive traits, many of which are detrimental. Interesting. I understand why males are much more receptive to X-linked recessive diseases, whereas females are usually just carriers since her other x chromosome is...
by bayview
Sun Apr 12, 2015 9:13 pm
Forum: Investing - Help with Personal Investments
Topic: Appreciate Portfolio Guidance
Replies: 6
Views: 557

Re: Appreciate Portfolio Guidance

Supposedly federal agencies will be offering phased retirement to allow for the training of successors, but none have started it yet. My understanding is that the government continues to pay the same portion of premiums after retirement. Retiredjg, did you happen to noticed if your FEHB premiums sta...
by bayview
Mon Apr 06, 2015 5:12 pm
Forum: Investing - Theory, News & General
Topic: Switching 40% of my portfolio to bonds: just can't do it.
Replies: 52
Views: 7261

Re: Switching 40% of my portfolio to bonds: just can't do it

Hi, Just found Bogleheads! What a find! Looking down the 10-point Bogleheads philosophy I can tick off every one against my portfolio as done. Except for one ... I own no bonds. Having read the asset allocation theory, I can accept it, but I just can't bring myself to do it. I take the point that w...
by bayview
Thu Mar 26, 2015 8:33 pm
Forum: Investing - Help with Personal Investments
Topic: My deployed soldier is coming home!
Replies: 24
Views: 2843

Re: My deployed soldier is coming home!

+1 to the thanks and using TSP, plus also: Make sure that he gets enrolled with the VA now, even if he chooses to get healthcare elsewhere for now. He'll have 5 years of eligibility as a combat vet, I think, but it's still wise to get in now while he can. A whole lot of veterans were awfully gratefu...
by bayview
Sat Mar 08, 2014 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have a side job?
Replies: 59
Views: 6641

Re: Do you have a side job?

Yes. My primary job refuses to acknowledge my work off the clock, either via OT or comp time. I finally decided to stop being charitable and instead to get paid. :D
by bayview
Sat Mar 08, 2014 1:02 pm
Forum: Investing - Theory, News & General
Topic: Trading Authorization on Wife's Account?
Replies: 40
Views: 1597

Re: Trading Authorization on Wife's Account?

Thanks to both of you for the clarifications. :happy
by bayview
Sat Mar 08, 2014 12:19 pm
Forum: Investing - Theory, News & General
Topic: Trading Authorization on Wife's Account?
Replies: 40
Views: 1597

Re: Trading Authorization on Wife's Account?

True. I was just speaking of IRA's, as that is what was addressed in the OP.

Employer plans are a whole different topic. I'm pretty sure that he could not be authorized to trade in my TSP (in the fantastically remote chance that he would want to.)
by bayview
Sat Mar 08, 2014 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: 5 year rule when original Roth was closed
Replies: 11
Views: 574

Re: 5 year rule when original Roth was closed

See also publication 590 Distributions of conversion and certain rollover con­tributions within 5­year period. If, within the 5-year period starting with the first day of your tax year in which you convert an amount from a traditional IRA or rollover an amount from a qualified retirement plan to a ...
by bayview
Sat Mar 08, 2014 11:54 am
Forum: Personal Finance (Not Investing)
Topic: 5 year rule when original Roth was closed
Replies: 11
Views: 574

Re: 5 year rule when original Roth was closed

Great, thank you for the interpretation into standard English!

I got a small case of goose bumps from having a reply from one of my favorite bloggers and authors. :beer
by bayview
Sat Mar 08, 2014 11:52 am
Forum: Investing - Theory, News & General
Topic: Trading Authorization on Wife's Account?
Replies: 40
Views: 1597

Re: Trading Authorization on Wife's Account?

I am authorized on my husband's account. We do NOT share usernames and passwords, partly because it would (might?) affect liability if an account were hacked, but mainly because we just can't remember any additional passwords. :D btw, it was quite a trust fall on my husband's part, as he completely ...
by bayview
Sat Mar 08, 2014 11:15 am
Forum: Personal Finance (Not Investing)
Topic: 5 year rule when original Roth was closed
Replies: 11
Views: 574

5 year rule when original Roth was closed

Hi all, I'm having no luck searching for this particular question, probably because I can't dream up good search terms to exclude noise: if someone had a Roth IRA, opened long ago, and then closed it, and then later started up a Roth IRA again, is the start date for the 5-year rule that of the origi...
by bayview
Wed Mar 05, 2014 10:40 pm
Forum: Personal Finance (Not Investing)
Topic: UPDATE: [physician, career options, life options]
Replies: 93
Views: 9668

Re: UPDATE: [physician, career options, life options]

Bayview, how do you get trained as an ICD 10 coder? Is becoming a coder a reasonable choice for an MD who wants to get out of clinical medicine? What kind of income and hours? Sorry for the late reply. :( This wasn't the most serious option that I could have posted, but it's definitely a possibilit...
by bayview
Sat Mar 01, 2014 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: UPDATE: [physician, career options, life options]
Replies: 93
Views: 9668

Re: UPDATE: [physician, career options, life options]

Off-the-wall suggestion: get certified as an AHIMA ICD-10 trainer. It would help if you were familiar with the intricacies of ICD-9, of course. :D My inbox is flooded with job openings for those who can review I-9 codes and translate them into I-10, especially providers like you. At least half the c...
by bayview
Sat Mar 01, 2014 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: Girl Scout Cookies - why not tax-deductible?
Replies: 25
Views: 2126

Re: Girl Scout Cookies - why not tax-deductible?

In a less frivolous vein, I was once a Service Unit (think a collection of troops, geographically defined) Cookie Manager. I vividly remember counting out over $10K cash on my living room couch from one day's worth of sales. While I never saw the stash of cash, my daughter's garage was filled to th...
by bayview
Sat Mar 01, 2014 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: Girl Scout Cookies - why not tax-deductible?
Replies: 25
Views: 2126

Re: Girl Scout Cookies - why not tax-deductible?

Don't mess with my Thin Mints! :wink: In a less frivolous vein, I was once a Service Unit (think a collection of troops, geographically defined) Cookie Manager. I vividly remember counting out over $10K cash on my living room couch from one day's worth of sales. Any trained drug dog would have hit o...
by bayview
Fri Feb 28, 2014 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: IRA withdrawals to avoid taxes on large RMD
Replies: 31
Views: 3142

Re: IRA withdrawals to avoid taxes on large RMD

I agree with sscritic on both counts. :D

Welcome to the forums, cdbma.

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