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Re: How long did your IT career last? At what age did it en

Nobody knows what IT will be like in 20 years when you're 64. But one thing is sure. It will be a lot different than it is today. I was in IT from '64 - '97, and I never imagined the changes that would transpire over those years. I earned my masters in computer science in '76 after 12 years in the p...
by cheese_breath
Wed Nov 26, 2014 10:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: How long did your IT career last? At what age did it end?
Replies: 27
Views: 1433

Re: Strategy for paying for bridge years until Social Securi

Here's my gut feeling without getting deeply into the numbers. Start drawing down the taxable accounts first. Presumably much of this will be return of principle which should leave you room to move part of your deferred accounts into Roths without exceeding the 15% bracket. With over 1M in deferred ...
by cheese_breath
Wed Nov 26, 2014 8:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Strategy for paying for bridge years until Social Security
Replies: 3
Views: 391

Re: dryer vent cleaning--your thoughts?

I clean the lint trap in the dryer after every use, and I've never had to clean the dryer vent.
by cheese_breath
Wed Nov 26, 2014 8:30 pm
 
Forum: Personal Consumer Issues
Topic: dryer vent cleaning--your thoughts?
Replies: 25
Views: 3151

Re: Is there anything unhealthy about drinking tap water?

It's a matter of taste. Where I live in MI the tap water tastes great, a lot better than distilled or spring water. Who knew fluoride could taste so good. But in TX where my step daughter lives it tastes like burnt rubber. That doesn't mean it's unhealthy, but maybe they should add more fluoride to ...
by cheese_breath
Wed Nov 26, 2014 2:20 pm
 
Forum: Personal Consumer Issues
Topic: Is there anything unhealthy about drinking tap water?
Replies: 17
Views: 947

Re: HMO out of network question

lululu wrote:Is the insurance plan written up?

If it's not OP better run away from it fast. :D
by cheese_breath
Wed Nov 26, 2014 11:36 am
 
Forum: Personal Finance (Not Investing)
Topic: HMO out of network question
Replies: 14
Views: 480

Re: HMO out of network question

There is no way to definitely answer your questions without knowing the specific plan you are considering, but I would say odds are you will need a referral. Of course if you have a specific plan in mind you can ask them yourself. My experience with HMOs (a long time ago) was if there's an in-networ...
by cheese_breath
Wed Nov 26, 2014 10:30 am
 
Forum: Personal Finance (Not Investing)
Topic: HMO out of network question
Replies: 14
Views: 480

Re: Donating for a specific family

BTW - every charitable donation eventually goes to someone specific. A think what doesn't seem "right" to me is that if there are 2 (or more) families in the charitable pool to receive the donations - the deduction is great. But, if it goes from 2 to 1 - the tax deduction for the giver is...
by cheese_breath
Tue Nov 25, 2014 9:42 am
 
Forum: Personal Finance (Not Investing)
Topic: Donating for a specific family
Replies: 43
Views: 2702

Re: Create new account in case mom outlives assets--How to?

livesoft wrote:It seems some folks got caught up on the dependent part. Don't forget that's a technical tax term for getting an exemption on one's tax return.

Exactly. That's why I suggested it. Might as well lower your taxes while supporting your mother if you can.
by cheese_breath
Tue Nov 25, 2014 9:37 am
 
Forum: Personal Finance (Not Investing)
Topic: Create new account in case mom outlives assets--How to?
Replies: 15
Views: 1232

Re: Create new account in case mom outlives assets--How to?

I can’t answer all your questions, but here is some additional thoughts and information for you… First of all, the fact that you don’t have to limit gifts to $14,000 per year means you don’t have to make any decisions about which way to proceed until she actually needs your help. That’s good. It giv...
by cheese_breath
Tue Nov 25, 2014 1:14 am
 
Forum: Personal Finance (Not Investing)
Topic: Create new account in case mom outlives assets--How to?
Replies: 15
Views: 1232

Re: Dog food - how cheap is too cheap?

... and what the, uhm, byproduct is, er, consistency wise. I followed the link above and then poked around some more. One site said that by-products are fine ... ⋅ By-products do NOT include things like "floor sweepings," hair/fur nor many other things. The term is well defined ...
by cheese_breath
Mon Nov 24, 2014 11:47 am
 
Forum: Personal Consumer Issues
Topic: Dog food - how cheap is too cheap?
Replies: 62
Views: 3703

Re: What do you splurge on?

I got some scary medical news. Immediately said I want to see the best Dr on the planet. The recommended Dr is out of network. I said book it anyway. Today I am traveling out of town so that an out of network Dr can perform surgery at an out of network hospital. This is the best way to splurge. Bes...
by cheese_breath
Mon Nov 24, 2014 11:43 am
 
Forum: Personal Consumer Issues
Topic: What do you splurge on?
Replies: 150
Views: 9047

Re: Are mutual funds bad? SWPPX

Youkai, I don't see everyone advocating ETFs here. I agree. You will hear some financial advisers telling you they only use ETFs because they're much less costly than mutual funds, but they don't distinguish which type of mutual funds they're referring to. That's a sales tactic aimed at drawing pro...
by cheese_breath
Mon Nov 24, 2014 9:56 am
 
Forum: Investing - Help with Personal Investments
Topic: Are mutual funds bad? SWPPX
Replies: 13
Views: 1024

Re: Are mutual funds bad? SWPPX

You need to distinguish which kind of mutual funds you are talking about. Nothing wrong with low cost broad based index funds such as SWPPX (Schwab S&P 500 Index Fund), but stay away from actively managed high expense funds. From a simplistic view most ETFs are simply index funds under another n...
by cheese_breath
Mon Nov 24, 2014 9:39 am
 
Forum: Investing - Help with Personal Investments
Topic: Are mutual funds bad? SWPPX
Replies: 13
Views: 1024

Re: Helping a Friend Build Credit

I'd go with the secured cc.

Assuming your credit is good, do not cosign on any loans for her. Yes, if she pays them off it will help her credit rating. But if she doesn't, you will.
by cheese_breath
Mon Nov 24, 2014 9:15 am
 
Forum: Personal Finance (Not Investing)
Topic: Helping a Friend Build Credit
Replies: 7
Views: 741

Re: Create new account in case mom outlives assets--How to?

Or what say you just put aside some money in your own savings each year to support your mother when she exhausts her own resources. And when she does run out of money you begin supporting her and claim her as a dependent on your income taxes? I was under the impression the IRS gift tax limit was a ...
by cheese_breath
Mon Nov 24, 2014 12:24 am
 
Forum: Personal Finance (Not Investing)
Topic: Create new account in case mom outlives assets--How to?
Replies: 15
Views: 1232

Re: Donating for a specific family

It sounds like (at least to me) that the OP just wants to help someone. What I am saying is that instead of designating the money to that particular family, the OP should just designate the money to a love fund if it's available, and give the church the discretion of whom to give the money to, whic...
by cheese_breath
Mon Nov 24, 2014 12:19 am
 
Forum: Personal Finance (Not Investing)
Topic: Donating for a specific family
Replies: 43
Views: 2702

Re: Create new account in case mom outlives assets--How to?

Or what say you just put aside some money in your own savings each year to support your mother when she exhausts her own resources. And when she does run out of money you begin supporting her and claim her as an exemption on your income taxes?
by cheese_breath
Mon Nov 24, 2014 12:04 am
 
Forum: Personal Finance (Not Investing)
Topic: Create new account in case mom outlives assets--How to?
Replies: 15
Views: 1232

Re: What-If Planning Advice

.... I used Vanguard's free online Turbo Tax last year (Flagship perk) so I can't work out what-ifs unless I use my own 2013 TT software.... You used Vanguard's free TT plus you also have your own TT too? If you have your own TT too, then use it. Go through the interview process answering the quest...
by cheese_breath
Sun Nov 23, 2014 11:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: What-If Planning Advice
Replies: 9
Views: 991

Re: Do you use a phone book?

Maybe the yellow pages once a year.
by cheese_breath
Sun Nov 23, 2014 3:51 pm
 
Forum: Personal Consumer Issues
Topic: Do you use a phone book?
Replies: 51
Views: 2091

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

rec7 wrote:In your 40's when you smile at pretty young ladies they just laugh.

So does your wife, unlike when you were younger.
by cheese_breath
Sun Nov 23, 2014 2:42 pm
 
Forum: Personal Consumer Issues
Topic: Bogleheads, tell me about your 40's?
Replies: 101
Views: 13515

Re: POLL: Do you personally own a cell phone?

I would never want a phone that's smarter than me.
by cheese_breath
Sun Nov 23, 2014 2:29 pm
 
Forum: Personal Consumer Issues
Topic: POLL: Do you personally own a cell phone?
Replies: 52
Views: 2757

Re: Donating for a specific family

Cherokee8215 wrote:If you write out the check payable to the church, and verbally tell the church leader "I want this to go to the John Smith family", then how does the IRS ever know?

Hiding information from the IRS isn't the point. We're really dealing with the question, Is it legally deductible?
by cheese_breath
Sun Nov 23, 2014 10:22 am
 
Forum: Personal Finance (Not Investing)
Topic: Donating for a specific family
Replies: 43
Views: 2702

Re: Making money/career in Trading

Pizzasteve510 wrote:Relating trading to poker, the time to trade is when you have your opponent's 'tells' wired.

But that's a tad harder when he may be sitting at a desk 2,000 miles away than when he's sitting across the table from you, or even worse when he's a computer.
by cheese_breath
Sun Nov 23, 2014 10:11 am
 
Forum: Investing - Theory, News & General
Topic: Making money/career in Trading
Replies: 25
Views: 2347

Re: Dog food - how cheap is too cheap?

Boy, when I read the title of this post, the first thought I had is "Someone really came up short of their retirement goal" :D I probably over reacted, but my thought was how would OP feel about a thread titled "People food - how cheap is too cheap?" Just like price shouldn't be...
by cheese_breath
Sun Nov 23, 2014 10:07 am
 
Forum: Personal Consumer Issues
Topic: Dog food - how cheap is too cheap?
Replies: 62
Views: 3703

Re: Suggested retirement reading for 60 year olds

Last year my husband and I opened investment accounts in Vanguard for our 19 and 20 year old niece and nephew and gave them the "Bogleheads Guide to Investing" book. Lo and behold, the boy got caught up in the idea of investing and started reading even more on his own! His sister reported...
by cheese_breath
Sat Nov 22, 2014 5:59 pm
 
Forum: Investing - Theory, News & General
Topic: Suggested retirement reading for 60 year olds
Replies: 25
Views: 2768

Re: Making money/career in Trading

BogleInvestorLondon wrote: I heard that investing and trading are different animals so one does not neccassarily equate to the other.

No, but they make a good oxymoron. Day trading Boglehead.
by cheese_breath
Sat Nov 22, 2014 3:43 pm
 
Forum: Investing - Theory, News & General
Topic: Making money/career in Trading
Replies: 25
Views: 2347

Re: POLL: Do you personally own a cell phone?

Even though it's really my wife's I voted I own a flip phone. Cheap AT&T GoPhone that we take with us when traveling in case of emergencies. I also stick it in my pocket if I'm going shopping in case she needs to get ahold of me. Other than that we don't use it.
by cheese_breath
Sat Nov 22, 2014 3:36 pm
 
Forum: Personal Consumer Issues
Topic: POLL: Do you personally own a cell phone?
Replies: 52
Views: 2757

Re: What percent "Boglehead" are you?

Maybe 90%? If I can consider my TIAA Traditional as bonds then I'm close to age in bonds, with just a few percentage points heavy in stocks. Stocks are all in two index funds, mostly TSM and a little S&P 500. A little more in cash than I'd like (Ally Bank), but adverse to buying bonds at my age....
by cheese_breath
Sat Nov 22, 2014 12:22 pm
 
Forum: Investing - Theory, News & General
Topic: What percent "Boglehead" are you?
Replies: 119
Views: 6113

Re: Laptop/Chromebook recommendation

Watty wrote:Most likely getting her something like what she uses at school would be best..

Gosh Watty, you are so smart. Why didn't the rest of us geniuses think of that? :oops:
by cheese_breath
Sat Nov 22, 2014 12:08 pm
 
Forum: Personal Consumer Issues
Topic: Laptop/Chromebook recommendation
Replies: 14
Views: 883

Re: Laptop/Chromebook recommendation

You also need to consider how to print her manuscripts. If you go the Chromebook route the ideal would be to purchase a cloud ready printer (prints directly from the cloud) to go with it. So if she took her Chromebook to the library for example, she could easily print off her documents on her home ...
by cheese_breath
Sat Nov 22, 2014 11:09 am
 
Forum: Personal Consumer Issues
Topic: Laptop/Chromebook recommendation
Replies: 14
Views: 883

Re: Laptop/Chromebook recommendation

You also need to consider how to print her manuscripts. If you go the Chromebook route the ideal would be to purchase a cloud ready printer (prints directly from the cloud) to go with it. So if she took her Chromebook to the library for example, she could easily print off her documents on her home p...
by cheese_breath
Sat Nov 22, 2014 10:31 am
 
Forum: Personal Consumer Issues
Topic: Laptop/Chromebook recommendation
Replies: 14
Views: 883

Re: Laptop/Chromebook recommendation

HP Chromebook 14 (I am typing this message on it). I was using my PC until I saw your message, so I had to get on my Chromebook too. Mine's a 2 year old ACER, still works great. I should mention about Google Docs... Once you have a Google account with cloud there are PC apps that enable you to acce...
by cheese_breath
Sat Nov 22, 2014 10:08 am
 
Forum: Personal Consumer Issues
Topic: Laptop/Chromebook recommendation
Replies: 14
Views: 883

Re: Laptop/Chromebook recommendation

I had always used MS Word because of all it's features. But when I upgraded from XP to Win 7 Word 2010 came with it. What a disaster. Instead of the simple pull down menus they now have tons of icons, and finding the one you need takes half a day. Google Docs on the other hand is quite easy to use a...
by cheese_breath
Sat Nov 22, 2014 9:54 am
 
Forum: Personal Consumer Issues
Topic: Laptop/Chromebook recommendation
Replies: 14
Views: 883

Re: What do you splurge on?

Colorado13 wrote:
Sunny Sarkar wrote:Housing.

We are two and a half people (and a puppy) living in a 3200 sq.ft home, most of which belongs to the puppy.


Fine, I'll be the one to ask... which half of the half person lives with you? top half, bottom half, left half?

And is the other half a fish?
by cheese_breath
Sat Nov 22, 2014 9:14 am
 
Forum: Personal Consumer Issues
Topic: What do you splurge on?
Replies: 150
Views: 9047

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: 20
Views: 1966

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: 16
Views: 2010

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: 20
Views: 1966

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: 2851

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: 43
Views: 2702

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: 59
Views: 4978

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 Consumer Issues
Topic: What do you splurge on?
Replies: 150
Views: 9047

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: 43
Views: 2702

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: 2851

Re: What doyou splurge on?

Ice cream.
by cheese_breath
Fri Nov 21, 2014 10:44 am
 
Forum: Personal Consumer Issues
Topic: What do you splurge on?
Replies: 150
Views: 9047

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: 59
Views: 4978

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: 19
Views: 1992

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: 19
Views: 1992

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: 43
Views: 2702

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: 25
Views: 2768

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: 1490
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