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Re: portfolio suggestions for the truly aged.

What I have suggested. 2 years worth of basic expected annual expenses in cash. Roughly 25 percent of assets. 25 % total bond fund 25% Schwab total stock market 25 % Schwab s&p 500 So basically, 2 years in cash and 6 years in stocks and bonds (mostly stocks) = 8 years total. Supposing a 50% dro...
by cheese_breath
Fri Nov 21, 2014 11:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: portfolio suggestions for the truly aged.
Replies: 10
Views: 707

Re: Thinking about retiring next year

Is your pension COLA adjusted to provide for inflation over the next 20-30 years?
by cheese_breath
Fri Nov 21, 2014 8:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Thinking about retiring next year
Replies: 13
Views: 1062

Re: portfolio suggestions for the truly aged.

At age 95 I'd put the whole thing in FDIC insured savings unless... (a) you expect her to live another 20 years, or (b) you're really investing for the heirs instead of Grandma. The problem you may have is getting it all from stocks into cash without huge capital gains. But then, you'd have the same...
by cheese_breath
Fri Nov 21, 2014 3:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: portfolio suggestions for the truly aged.
Replies: 10
Views: 707

Re: Retirees' Regrets

Currently, my younger son does not want to go anywhere with us, so our travel activities are seriously restricted. We plan to do more travels starting next year when he goes to a college. We are not retired yet, but I consider myself semi-retired. I think that is commonplace among kids of that age....
by cheese_breath
Fri Nov 21, 2014 3:48 pm
 
Forum: Personal Consumer Issues
Topic: Retirees' Regrets
Replies: 23
Views: 2492

Re: Donating for a specific family

Even if the church had a fund for helping needy families and you donated to the fund specifying a particular family I doubt it would be allowed. Wouldn't that be analogous to donating to the bible fund and specifying your contribution had to buy bibles from a specific bible store, or donating to the...
by cheese_breath
Fri Nov 21, 2014 3:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Donating for a specific family
Replies: 12
Views: 851

Re: Does investing in a 401k actually save any money?

john94549 wrote:Nearing, the hint is my ZIP code, 94549. It's CA. CA taxes capital gains as ordinary income.

So does Michigan.
by cheese_breath
Fri Nov 21, 2014 3:20 pm
 
Forum: Investing - Theory, News & General
Topic: Does investing in a 401k actually save any money?
Replies: 44
Views: 2901

Re: What doyou splurge on?

jebmke wrote:
cheese_breath wrote:Ice cream.

Like chocolate, beer, wine ... this is one of those "if you aren't going to do it well, don't do it at all." Not worth the calories for the junk.

Actually I was thinking in terms of quantity rather than quality, but I guess that's good too. :wink:
by cheese_breath
Fri Nov 21, 2014 3:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: What do you splurge on?
Replies: 94
Views: 3772

Re: Donating for a specific family

I sponsor missionaries and specific children through various organizations. I suspect that if I look under the hood, the non-profit can direct the funds as they see fit which keeps the contributions tax deductible. Your church would need to do something like this I would assume. If your church set ...
by cheese_breath
Fri Nov 21, 2014 11:50 am
 
Forum: Personal Finance (Not Investing)
Topic: Donating for a specific family
Replies: 12
Views: 851

Re: Retirees' Regrets

Only regret is wife's poor health restricts what we can do.
by cheese_breath
Fri Nov 21, 2014 11:37 am
 
Forum: Personal Consumer Issues
Topic: Retirees' Regrets
Replies: 23
Views: 2492

Re: What doyou splurge on?

Ice cream.
by cheese_breath
Fri Nov 21, 2014 10:44 am
 
Forum: Personal Finance (Not Investing)
Topic: What do you splurge on?
Replies: 94
Views: 3772

Re: Does investing in a 401k actually save any money?

Don't overlook potential savings of having it withdrawn from your pay and deposited in the 401K before you ever see it. You may be less tempted to spend it than if you received it in your pay check.
by cheese_breath
Fri Nov 21, 2014 10:36 am
 
Forum: Investing - Theory, News & General
Topic: Does investing in a 401k actually save any money?
Replies: 44
Views: 2901

Re: TSM vs S&P500

JMacDonald wrote:I use the TSM for my taxable account. It is interesting to do a side by side comparison:

https://personal.vanguard.com/us/funds/ ... tingFrom=6

All I see is a blank page. I assume it's locked because I see the padlock symbol on the right side.
by cheese_breath
Fri Nov 21, 2014 9:32 am
 
Forum: Investing - Theory, News & General
Topic: TSM vs S&P500
Replies: 18
Views: 1556

Re: TSM vs S&P500

I have both in my taxable account. When I tax gain harvest I simple sell from one and move it into the other the same day so I'm never out of the market. I've never had the 'opportunity' to tax loss harvest, but I'd do the same thing there too. I normally don't track the difference between the two, ...
by cheese_breath
Fri Nov 21, 2014 9:30 am
 
Forum: Investing - Theory, News & General
Topic: TSM vs S&P500
Replies: 18
Views: 1556

Re: Donating for a specific family

Probably not. Individuals aren't considered qualified charitable organizations.

http://www.irs.gov/Charities-&-Non-Prof ... Deductions

If you really want to help the family just forgo the tax deduction.
by cheese_breath
Fri Nov 21, 2014 9:12 am
 
Forum: Personal Finance (Not Investing)
Topic: Donating for a specific family
Replies: 12
Views: 851

Re: Suggested retirement reading for 60 year olds

Are you sure you want to do this? OK, I obviously don't know the situation, but it almost sounds like giving someone with bad breath a bottle of mouthwash, more embarrassing than helpful. Why don't you give them something they can use and enjoy?" You mean like his and her nose hair trimmers pi...
by cheese_breath
Fri Nov 21, 2014 8:47 am
 
Forum: Investing - Theory, News & General
Topic: Suggested retirement reading for 60 year olds
Replies: 20
Views: 1936

Re: getting umbrella insurance

furwut wrote:
Beth* wrote:They will generally want to know your occupation. Some occupations are more likely to get sued than others.

I wonder if Doctors might be one of those occupations.

Doctors should have malpractice insurance to cover any medical related suits.
by cheese_breath
Thu Nov 20, 2014 11:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: getting umbrella insurance
Replies: 25
Views: 1417

Re: Suggested retirement reading for 60 year olds

Since the Dummies books seem pretty good I decided to Google 'Retirement for Dummies' and see what happens. I never dreamed there would actually be such a book, but look what one of the links turned up. http://www.amazon.com/s/?ie=UTF8&keywords=retiring+for+dummies&tag=googhydr-20&index=...
by cheese_breath
Thu Nov 20, 2014 10:55 am
 
Forum: Investing - Theory, News & General
Topic: Suggested retirement reading for 60 year olds
Replies: 20
Views: 1936

Re: Long term/Short term capital gain question

Your capital gains tax rates depend on your ordinary income tax rate at the time you sell the investments . So assuming no changes in the tax laws, as long as you don't exceed the 15% ordinary income bracket your LTCGs will be taxed at 0% when you sell. But if your ordinary income rises to the point...
by cheese_breath
Tue Nov 18, 2014 11:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Long term/Short term capital gain question
Replies: 3
Views: 477

Re: Do I really need a car?

jal20 wrote:... but I might need to get around beyond the basic train route.

How often and how far? It might be cheaper to just rent on an as needed basis.
by cheese_breath
Tue Nov 18, 2014 11:14 pm
 
Forum: Personal Consumer Issues
Topic: Do I really need a car?
Replies: 11
Views: 1029

Re: Investing In Currency?

I invest in Canadian currency every time I cross the boarder.
by cheese_breath
Tue Nov 18, 2014 11:10 pm
 
Forum: Investing - Theory, News & General
Topic: Investing In Currency?
Replies: 33
Views: 2002

Re: Buick regal/chevy impala

It seems a little early to make any judgments on 2013/2014 models long term reliability. All I can say is I'm satisfied with my 2009 Impala, but even five years is too soon to evaluate it's long term reliability.
by cheese_breath
Tue Nov 18, 2014 10:01 pm
 
Forum: Personal Consumer Issues
Topic: Buick regal/chevy impala
Replies: 12
Views: 880

Re: How Not to Retire

bhsince87 wrote:So what's the actionable point to this story?

Possibly nothing directly, but the education it provides may prod some into developing longer range financial plans for their retirement years than just assuming everything will just work out forever because it's OK today.
by cheese_breath
Sun Nov 16, 2014 11:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: How Not to Retire
Replies: 67
Views: 6869

Re: Who is mailing Holiday Cards this year?

So, here's my problems with the cards. Some people send letters that are practically like bragging. Johnny is a straight A student. Jane was First in the State Science Fair. It's good to keep in touch people, but the people who I keep in touch with know about important events as they happen through...
by cheese_breath
Sun Nov 16, 2014 10:12 am
 
Forum: Personal Consumer Issues
Topic: Who is mailing Holiday Cards this year?
Replies: 52
Views: 3081

Re: Made a huge mistake, need help

StormShadow wrote:
TomTX wrote:I consider a Vanguard stock index fund (such as Total Stock Market or S&P 500) to be LESS risky than a savings account.

Sorry, but I wouldn't consider any stock fund to be less risky than a savings account.

Both have their risks, although different.
by cheese_breath
Sat Nov 15, 2014 1:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Made a huge mistake, need help
Replies: 50
Views: 9382

Re: Your favorite classic toys for kids

There are losses and gains and things were NOT better then, but I sure did love my Kodak home darkroom kit. It had chemicals (Dektol), a thermometer (68°F was marked by a star and my friend and I always talked about "star water,") a plastic film-developing tank, a contact print light box,...
by cheese_breath
Sat Nov 15, 2014 1:18 pm
 
Forum: Personal Consumer Issues
Topic: Your favorite classic toys for kids
Replies: 89
Views: 3814

Re: Bogleheads, tell me about your 40's?

I started getting serious abut physical fitness. I wasn't necessarily unfit in my 30s, but I didn't put a lot of time into it either. Sometime in my early 40s I began realizing I was going to have to invest more time in fitness activities if I didn't want to begin deteriorating too soon.
by cheese_breath
Sat Nov 15, 2014 12:16 am
 
Forum: Personal Consumer Issues
Topic: Bogleheads, tell me about your 40's?
Replies: 91
Views: 11282

Re: Landlord wants us to sign an entirely new contract!

From the OP's initial post, it sounds like the original contract stated that the landlord was responsible for water, sewer, and trash collection and the tenant was responsible for electricity and gas. This is how many apartment contracts are structured, for what it's worth. You do have a legally bi...
by cheese_breath
Fri Nov 14, 2014 11:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Landlord wants us to sign an entirely new contract!
Replies: 51
Views: 5792

Re: Your favorite classic toys for kids

The interest in the x-ray glasses reminds me of the 3D comic books.
by cheese_breath
Fri Nov 14, 2014 11:21 pm
 
Forum: Personal Consumer Issues
Topic: Your favorite classic toys for kids
Replies: 89
Views: 3814

Re: Your favorite classic toys for kids

obgyn65 wrote:A play doctor kit.

Judging from your ID it looks like you're still playing doctor. :wink:
by cheese_breath
Fri Nov 14, 2014 8:23 pm
 
Forum: Personal Consumer Issues
Topic: Your favorite classic toys for kids
Replies: 89
Views: 3814

Re: Health coverage acupuncture

Switch to a policy that covers more acupuncture visits.
by cheese_breath
Fri Nov 14, 2014 4:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Health coverage acupuncture
Replies: 2
Views: 255

Re: Isn't everybody here market timing, by definition?

No its not market timing to enter the market . It's market timing if you wait to enter the market until you think it s a good time in the market And drawing down isn't market timing either unless you specifically wait until you think it's high. But sometimes living expenses may cause you to draw do...
by cheese_breath
Fri Nov 14, 2014 2:14 pm
 
Forum: Investing - Theory, News & General
Topic: Isn't everybody here market timing, by definition?
Replies: 32
Views: 1879

Re: Who is mailing Holiday Cards this year?

I won't be sending holiday cards, but I will be sending Christmas cards.
by cheese_breath
Fri Nov 14, 2014 1:57 pm
 
Forum: Personal Consumer Issues
Topic: Who is mailing Holiday Cards this year?
Replies: 52
Views: 3081

Re: Cost to repaint car panels

Did you get a price for repainting the whole car?
by cheese_breath
Fri Nov 14, 2014 1:52 pm
 
Forum: Personal Consumer Issues
Topic: Cost to repaint car panels
Replies: 5
Views: 345

Re: Speaking with an Aging Relative about care & money

My 90 year old MIL is like this too. Lives alone on SS and gives part of this to her deadbeat 50+ year old son. Has over $100K in the bank bit won't spend it because she wants to leave an inheritance for her children.
by cheese_breath
Fri Nov 14, 2014 9:00 am
 
Forum: Personal Finance (Not Investing)
Topic: Speaking with an Aging Relative about care & money
Replies: 24
Views: 2000

Re: Medicare Questions

.... if you are late signing up for supplement (I assume it is true for Advantage too), she will be subject to insurance underwriting decisions, meaning she could be denied if she has a serious medical condition.... Medicare Advantage plans don't require underwriting, but she cannot have End Stage ...
by cheese_breath
Fri Nov 14, 2014 8:52 am
 
Forum: Personal Finance (Not Investing)
Topic: Medicare Questions
Replies: 7
Views: 880

Re: Medicare Questions

I understand that she will have to pay the penalty for late sign up and there is nothing we can do about that. Do you also understand the late sign up penalty is not a one-time thing? If you don't sign up for Part B when you're first eligible or if you drop Part B and then get it later, you may hav...
by cheese_breath
Thu Nov 13, 2014 11:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medicare Questions
Replies: 7
Views: 880

Re: Age 57 move 401k to managed fund

It's not a matter of which fund the money is in. It's which kind of plan the money is in. Substantially Equal Periodic Payment (SEPP) can be made from IRAs or qualified retirement plans before age 59 1/2. At you age if you choose this option you must take the payments for five years. http://www.inve...
by cheese_breath
Thu Nov 13, 2014 8:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Age 57 move 401k to managed fund
Replies: 3
Views: 244

Re: Health Insurance Question (Specialist Deeme"Out of Netwo

It's understandable, but not acceptable why the billing person wouldn't want to fight with the insurance company. Several years ago, before medigap, I had a similar problem with a colonoscopy being declared out of network by BCBS even though their directory said the doctor and his surgicenter were i...
by cheese_breath
Thu Nov 13, 2014 8:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Health Insurance Question (Specialist Deeme"Out of Network")
Replies: 31
Views: 2759

Re: Your favorite classic toys for kids

frugalguy wrote:
cheese_breath wrote:I don't know how I forgot plastic car and airplane models. Maybe a psyche block?


Maybe too much glue? :)

Not glue, but that white paste they had in kindergarten tasted good. :D
by cheese_breath
Wed Nov 12, 2014 9:19 pm
 
Forum: Personal Consumer Issues
Topic: Your favorite classic toys for kids
Replies: 89
Views: 3814

Re: Your favorite classic toys for kids

I don't know how I forgot plastic car and airplane models. Maybe a psyche block? I spent half my childhood putting them together. ... Go to the hobby store which had shelves and shelves of simple kits. ... Pick up a kit, glue, Dope model paint and brushes. ... Take it all home and dump the plastic p...
by cheese_breath
Wed Nov 12, 2014 6:44 pm
 
Forum: Personal Consumer Issues
Topic: Your favorite classic toys for kids
Replies: 89
Views: 3814

Re: Your favorite classic toys for kids

1) Lego, erector set, Lincoln logs 2) slot car set. I loved that thing. 3) Lionel train set 4) cox string control airplane. Darn near chopped my fingers off with that thing many times. The last few are for somewhat older kids. Lionel was considered the top of the electric train product line when I ...
by cheese_breath
Wed Nov 12, 2014 5:48 pm
 
Forum: Personal Consumer Issues
Topic: Your favorite classic toys for kids
Replies: 89
Views: 3814

Re: How do you track the value of your illiquid assets ?

We probably need to distinguish between market value and replacement value when talking about insurance. I insure my home for it's replacement value, which may be more or less than it's market value at any given time.
by cheese_breath
Wed Nov 12, 2014 9:02 am
 
Forum: Personal Finance (Not Investing)
Topic: How do you track the value of your illiquid assets ?
Replies: 50
Views: 2476

Re: Your favorite classic toys for kids

Hoot-Nanny No. 1 Google it if you don't know what it was. It was a favorite toy of this 77 year old. I'm about the right age, but, this one is new to me. I'm not sure why I led such a sheltered life since this is a toy that I think I would have enjoyed. Maybe it didn't get nation wide distribution?...
by cheese_breath
Tue Nov 11, 2014 11:52 pm
 
Forum: Personal Consumer Issues
Topic: Your favorite classic toys for kids
Replies: 89
Views: 3814

Re: How do you track the value of your illiquid assets ?

How do you value this type of illiquid assets ? I don't. I might estimate replacement cost for insurance purposes, but that's about it. That's about if for me too with the exception that I would want a more specific number of an asset's value if I want to sell it. But as far as worrying about month...
by cheese_breath
Tue Nov 11, 2014 11:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: How do you track the value of your illiquid assets ?
Replies: 50
Views: 2476

Re: Boglehead family vacations

How old are these kids? Is it possible might prefer something more simple like a few days at the beach? Maybe something like Wildwood, NJ with beach and amusement park?
by cheese_breath
Tue Nov 11, 2014 8:45 pm
 
Forum: Personal Consumer Issues
Topic: Boglehead family vacations
Replies: 42
Views: 3059

Re: Your favorite classic toys for kids

What age kids? Ten and under?

Initially my electric train, but as I got closer to 10 it turned to baseball and football equipment.
by cheese_breath
Tue Nov 11, 2014 8:07 pm
 
Forum: Personal Consumer Issues
Topic: Your favorite classic toys for kids
Replies: 89
Views: 3814

Re: Inheritance/Retirement Planning Question

This question reminds me of (I think? Correct me if I'm wrong) the book The Millionaire Next Door. Where adult kids don't save any money because of annual gifts or support from their parents. I think you should not expect anything and be independent. You're making a good living-save some of it! And...
by cheese_breath
Mon Nov 10, 2014 11:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Inheritance/Retirement Planning Question
Replies: 25
Views: 1883

Re: Inheritance/Retirement Planning Question

I wouldn't assume anything until I actually GET the inheritance. After I get it a lot might change.
by cheese_breath
Mon Nov 10, 2014 9:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Inheritance/Retirement Planning Question
Replies: 25
Views: 1883

Re: The Sell in May and go away myth, why does it persist

Alan S. wrote:You will never be allowed to forget some of the major October market crash dates. Their anniversary is observed annually.

You mean come October the good times are over?
by cheese_breath
Sat Nov 08, 2014 11:19 pm
 
Forum: Investing - Theory, News & General
Topic: The Sell in May and go away myth, why does it persist
Replies: 15
Views: 2181

Re: Letting go

Let me ask you a hypothetical, if you met me at the diner over coffee 3 or 4 times, would you hand me the keys to the castle, just because you "got to know me"? Grt2, we all know you better than to trust you.. :P :twisted: But seriously... OP, I'm not saying this attorney is dishonest bec...
by cheese_breath
Sat Nov 08, 2014 10:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Letting go
Replies: 17
Views: 3123
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