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Re: MAGI for Medicare Rates

Deleted by OP... Never Mind...
by convert949
Sun Aug 10, 2014 1:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: MAGI for Medicare Rates
Replies: 36
Views: 1826

Re: MAGI for Medicare Rates

Your MAGI is your adjusted gross income as used on line 37 of IRS form 1040 plus your tax-exempt interest income as used on line 8b of IRS form 1040. P.S. Stop reading household names. Good advice sscritic... Thanks again (I posted previously on IRMAA and you were a great help). At that time, you a...
by convert949
Sun Aug 10, 2014 1:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: MAGI for Medicare Rates
Replies: 36
Views: 1826

MAGI for Medicare Rates

Good Morning, I am looking for help in getting a definitive answer about what is included in a retiree's MAGI calculation for Medicare. I have a "one year" penalty ahead for 2014 as I restructure my portfolio at 65. I am aware that I am already in the penalty area due to the necessity to t...
by convert949
Sun Aug 10, 2014 12:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: MAGI for Medicare Rates
Replies: 36
Views: 1826

Re: Bond Distributions

⋅ YTM corresponds to SEC Yield for a bond fund except it is before deducting expenses. ⋅ Current yield equals interest divided by price and corresponds to "Distribution Yield" for a bond fund. ⋅ The fall in price corresponds to a fall in Net Asset Value per s...
by convert949
Sat Jul 05, 2014 11:58 am
 
Forum: Investing - Theory, News & General
Topic: Bond Distributions
Replies: 6
Views: 625

Bond Distributions

I hold both Van Intermediate Term Tax Exempt and TBM and have the dividends deposited into my checking account each month (I am retired). I have noticed that the Tax Exempt fund dividends are higher than TBM even though the SEC yield is lower. Looking back, I see that this has been true over time, s...
by convert949
Sat Jul 05, 2014 8:43 am
 
Forum: Investing - Theory, News & General
Topic: Bond Distributions
Replies: 6
Views: 625

Re: Short Term Bonds or 2 Year CD's

CDs are FDIC insured. Short term bond funds are not insured. You have already written the interest rate environment issue for the short term bond fund. (I have been investing in short term investment grade, VFSUX for shorter term needs which offers a little higher yield than yours, but it has somew...
by convert949
Thu Jun 19, 2014 8:08 am
 
Forum: Investing - Theory, News & General
Topic: Short Term Bonds or 2 Year CD's
Replies: 13
Views: 1396

Short Term Bonds or 2 Year CD's

I just read the following on M*. http://news.morningstar.com/all/dow-jones/us-markets/201406188923/fed-officials-nudge-up-projections-for-short-term-interest-rates-in-2015-2016.aspx I have several CD's coming due soon that are part of my shorter term portion of our portfolio. They were originally 2 ...
by convert949
Wed Jun 18, 2014 4:47 pm
 
Forum: Investing - Theory, News & General
Topic: Short Term Bonds or 2 Year CD's
Replies: 13
Views: 1396

Re: Q&A with Jack Bogle at 2014 Bogleheads Conference

abuss368 wrote:
Munir wrote:Question to Jack:

Which Vanguard bond fund (or combination of funds) should a retiree in the distribution phase use in his IRA if 70% of his portfolio is in fixed income?


Including Jack's thoughts on Vanguard's new Total International Bond Fund!

+1
by convert949
Fri May 02, 2014 4:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Q&A WITH JACK BOGLE AT THE 2014 BOGLEHEAD CONFERENCE
Replies: 35
Views: 13358

Re: Trying to learn about Brokered CD's

I use Vanguard CDs in my IRA and Ally and Discover Bank in my taxable account. One difference you didn't mention about brokered CD's is that you can't reinvest the CD interest in that CD -- it is paid in cash. If you are not sure about holding to maturity than an online bank is for you. Just watch ...
by convert949
Thu Apr 24, 2014 9:39 am
 
Forum: Investing - Theory, News & General
Topic: Trying to learn about Brokered CD's
Replies: 24
Views: 1946

Re: Trying to learn about Brokered CD's

One note is that in secondary market brokered CDs tend to trade at HIGHER YIELDS (which is why we tend to buy them there, just like with munis which tend to trade at higher yields in secondary than in initial offering) Larry Sorry I've not been around... Dealing with a nasty bug the past few days. ...
by convert949
Wed Apr 23, 2014 7:37 am
 
Forum: Investing - Theory, News & General
Topic: Trying to learn about Brokered CD's
Replies: 24
Views: 1946

Re: Trying to learn about Brokered CD's

Be very sure on how the CD is titled, as you may not qualify for the full amount of FDIC insurance. See the wiki: Certificate of deposit (Brokered CDs) LadyGeek, Thanks for the link... Very informative Also, by titling into our Trusts as well in our individual name, POD accounts to our kids, etc., ...
by convert949
Sun Apr 20, 2014 7:18 pm
 
Forum: Investing - Theory, News & General
Topic: Trying to learn about Brokered CD's
Replies: 24
Views: 1946

Re: Trying to learn about Brokered CD's

By contrast, with a direct CD you can take out the money and reinvest at the higher rate, so a 5 year CD behaves more like, say, a 1 year bond in that regard, and you get to pocket the significant difference between 1 year and 5 year yields. I took this to heart and compared buying a 3 year CD to b...
by convert949
Sun Apr 20, 2014 7:11 pm
 
Forum: Investing - Theory, News & General
Topic: Trying to learn about Brokered CD's
Replies: 24
Views: 1946

Trying to learn about Brokered CD's

Currently, I have been contemplating the purchase of CD's from an online bank. It seems that the rates vary greatly from one to the other at different times. Short of spreading money all over the universe, I thought of brokered, new issue CD's through Vanguard. In this way, I can take advantage of t...
by convert949
Sun Apr 20, 2014 1:34 pm
 
Forum: Investing - Theory, News & General
Topic: Trying to learn about Brokered CD's
Replies: 24
Views: 1946

Re: Fixed Income Categories

Within the FI universe, I view cash as anything that preserves principal and bonds as everything else. But I find it interesting that many people are using short-term bond funds for cash and even (amazingly enough) high yield bond funds. Those folks are being seduced by the current low volatilty an...
by convert949
Sat Apr 19, 2014 9:28 am
 
Forum: Investing - Theory, News & General
Topic: Fixed Income Categories
Replies: 19
Views: 1452

Re: Bernstein retirement plan

Im there now...I struggled for years attempting to find the "right" asset allocation, and when I read Bernstein, and particularly Zwecher (and others), I heartily embraced the LMP concept. I am 72 YO and have been retired for 10 years with my spouse (also retired) who is 5 years younger. ...
by convert949
Fri Apr 18, 2014 10:48 am
 
Forum: Investing - Help with Personal Investments
Topic: Bernstein retirement plan
Replies: 41
Views: 7180

Re: Fixed Income Categories

I think the whole timing issue is a red herring for almost all investors. In the rare case (rare for most discussions here) that a person wants an exact amount of money at an exact time, then buying a bond that matures at that time makes sense. For the investor who is building a portfolio time is m...
by convert949
Fri Apr 18, 2014 10:00 am
 
Forum: Investing - Theory, News & General
Topic: Fixed Income Categories
Replies: 19
Views: 1452

Re: Bernstein retirement plan

I would like to hear from any retired Bogleheads who are following Mr. Bernstein's advice to protect 25x residual living expenses (the yearly shortfall you have to make up after SS and pension/annuity) in highly liquid, low risk assets (short-term high quality bonds, treasuries, TIPs, CDs). This id...
by convert949
Fri Apr 18, 2014 9:39 am
 
Forum: Investing - Help with Personal Investments
Topic: Bernstein retirement plan
Replies: 41
Views: 7180

Re: Fixed Income Categories

I think it is far better to talk about what investment specifically one might choose rather than worry about how to label that investment. For example, I bonds could make a lot of sense. How much sense they make has nothing to do with whether or not you can figure out that they are cash or bonds. I...
by convert949
Fri Apr 18, 2014 9:21 am
 
Forum: Investing - Theory, News & General
Topic: Fixed Income Categories
Replies: 19
Views: 1452

Fixed Income Categories

I am curious as to what other Bogleheads consider CD's and I Bonds... are they bonds or cash? In one sense, I see them as cash since the principle value does not change. On the other hand, both are somewhat restricted as I bonds are not salable in the first year and both categories include penalties...
by convert949
Fri Apr 18, 2014 8:38 am
 
Forum: Investing - Theory, News & General
Topic: Fixed Income Categories
Replies: 19
Views: 1452

Re: Retiring soon....Help!

Jim85 wrote:livesoft, good stuff, thank you.


+1... I especially liked the "Spend it while you can" option :D
by convert949
Sun Apr 13, 2014 8:27 am
 
Forum: Investing - Help with Personal Investments
Topic: Retiring soon....Help!
Replies: 8
Views: 1466

Experience with Vanguard Recommended SPIA Companies

Has anyone on the forum had any experience with the insurance companies recommended by Vanguard for the purchase of SPIA's? I am contemplating the purchase of 3 SPIA's in order to divide the amounts to spread the risk and stay under our state insurance pools coverage amount. The 4 available for the ...
by convert949
Sat Apr 05, 2014 8:20 am
 
Forum: Personal Finance (Not Investing)
Topic: Experience with Vanguard Recommended SPIA Companies
Replies: 0
Views: 163

Re: How Many Properties Do You Own?

Three... Primary residence, vacation home and rental property (rented to kids). No mortgages...
by convert949
Sat Apr 05, 2014 7:34 am
 
Forum: Investing - Theory, News & General
Topic: How Many Properties Do You Own?
Replies: 19
Views: 2263

Re: "The Average Investor Should Use a Financial Adviser"

Postscript... after reading and participating in this thread, I decided to go back to Vanguard for a "tune up" and some validation about some changes I had long planned in our IPS as I turn 65. My plan included the consideration of SPIA's to create a "pension" and a general de-ri...
by convert949
Sat Apr 05, 2014 7:01 am
 
Forum: Investing - Theory, News & General
Topic: "The Average Investor Should Use a Financial Adviser"
Replies: 51
Views: 7505

Re: And suddenly, I'm done...

TimesAWastin... Congratulations on your retirement! I know EXACTLY how you feel... I made the last trade today to bring me to my (65+) IPS Asset Allocation. Even though I have been retired since 2009, I had maintained my "working" AA through 65 to make sure we recovered from 2008. With the...
by convert949
Thu Apr 03, 2014 5:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: And suddenly, I'm done...
Replies: 24
Views: 5112

Re: Appealing Medicare income limits

dan999 - Well... I am retired and have been since early 2009, therefore the advice from sscritic holds... I have decided to "rip off the bandaid" in 2014 and get it over with as I am still well within the current band for IRMAA and the amount of Net Investment Tax will be modest... I have ...
by convert949
Thu Apr 03, 2014 11:23 am
 
Forum: Personal Finance (Not Investing)
Topic: Appealing Medicare income limits
Replies: 8
Views: 706

Re: Appealing Medicare income limits

Thanks sscritic... According to the categories and I have ~$70K remaining in the current bracket. It will take about another $50K in Capital Gains to meet my goal but will result in an additional $1900 in Net Investment Tax if I go forward in 2014. Hmm :?: Thanks to both of you for all your help. Bob
by convert949
Wed Apr 02, 2014 4:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Appealing Medicare income limits
Replies: 8
Views: 706

Re: Appealing Medicare income limits

You may have won the game, but you aren't going to win this one. Download a SSA-44. Read the instructions. You need a life changing event. A windfall might be a life changing event to you, but it isn't to SS. My SSA-44 was approved after 14 months with the help of my congresswoman, but my appeal wa...
by convert949
Wed Apr 02, 2014 12:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Appealing Medicare income limits
Replies: 8
Views: 706

Appealing Medicare income limits

I am turning 65 in a couple of months and will be taking Medicare as well as Part D. I have looked online and found the tables for when you will have to pay more for coverage based on Modified Adjusted Gross Income. Since I have "won the game", I have decided to reduce my equity allocation...
by convert949
Wed Apr 02, 2014 11:37 am
 
Forum: Personal Finance (Not Investing)
Topic: Appealing Medicare income limits
Replies: 8
Views: 706

Re: Faulty Logic [Asset Allocation nearing Retirement]

I had the good fortune to participate in a round table a last year's Boglehead Conference with Dr. Pfau. His explanation was that they found that by lowering the equity portion to a very low number (i.e. 20%) at retirement and then never touching it again until all fixed income was expended, that yo...
by convert949
Sun Mar 23, 2014 5:05 pm
 
Forum: Investing - Theory, News & General
Topic: Faulty Logic [Asset Allocation nearing Retirement]
Replies: 24
Views: 2018

Re: William Bernstein-When you've won the game, why keep pla

I The "age in bonds" rule actually has it backwards. Following this rule front-loads your exposure to stocks and thereby to the risk of a negative sequence of returns. As an approximation to the lump sum approach, a retiree should at least strive to maintain a constant percentage exposure...
by convert949
Mon Mar 17, 2014 8:57 am
 
Forum: Investing - Theory, News & General
Topic: William Bernstein-When you've won the game, why keep playing
Replies: 264
Views: 33365

Re: "The Average Investor Should Use a Financial Adviser"

Different strokes... There was once three friends. Two swear by their advisors. I ditched mine 5 years ago. First friend has an advisor that pans annuities, but recommends lots of risk. Just took an $800,000 mortgage on a $1.5M property so he could invest the proceeds at his advisor's recommendation...
by convert949
Sun Mar 16, 2014 9:31 am
 
Forum: Investing - Theory, News & General
Topic: "The Average Investor Should Use a Financial Adviser"
Replies: 51
Views: 7505

Re: "The Average Investor Should Use a Financial Adviser"

dhodson wrote:The problem is few are good. You start panicking and instead of getting you to stay the course, they sell you an annuity.

+1
by convert949
Fri Mar 14, 2014 7:27 am
 
Forum: Investing - Theory, News & General
Topic: "The Average Investor Should Use a Financial Adviser"
Replies: 51
Views: 7505

Re: Turning 65... Now What?

Thanks for the input... mpt follower - I agree to the extent that I too have "enough". As terra biped pointed out, however, in order to make my plan work, Quantext (similar to Firecalc) tells me that I need a 5% return. Depending on whether you decrease the historical return (I chose -2% t...
by convert949
Fri Mar 14, 2014 7:03 am
 
Forum: Investing - Help with Personal Investments
Topic: Turning 65... Now What?
Replies: 4
Views: 1053

Turning 65... Now What?

As a committed Boglehead, I have diligently re-crafted my portfolio over the past 5 years since early retirement with the help of the forum (Thanks!). It has always been my plan to re-evaluate my IPS at this point, almost as if I were retiring today. In this way, I have a snap shot today of what my ...
by convert949
Thu Mar 13, 2014 1:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Turning 65... Now What?
Replies: 4
Views: 1053

Re: What was your 2013 return?

11.7 % at 42% equities, 48% bonds, 10% CD's and cash :P
by convert949
Thu Jan 02, 2014 8:17 am
 
Forum: Investing - Theory, News & General
Topic: [Poll] What was your 2013 return?
Replies: 209
Views: 9347

Re: What size portfolio are you managing Bogle style?

Boglenaut wrote:The great thing is, it works for all those sizes! If you have $10K or $10M you could do it (you just get better ER on the latter and some other perks).

+1
by convert949
Sat Dec 28, 2013 9:47 am
 
Forum: Investing - Help with Personal Investments
Topic: What size portfolio are you managing Bogle style?
Replies: 48
Views: 4096

Re: Amount of Net Worth in Real Estate

Now, for those who are reporting percentages of portfolios represented by personally-owned investment property, are you including the presumed value of the property, or just your equity in it? The question posed is not real estate as a percentage of "portfolio", the question is "Amou...
by convert949
Sat Dec 28, 2013 9:41 am
 
Forum: Investing - Help with Personal Investments
Topic: Amount of Net Worth in Real Estate
Replies: 31
Views: 2820

Re: Short Term Bond Funds

I have been trying to remember where I heard this (maybe at Bogleheads 12?), but I do remember someone saying that intermediate bonds might be better than short term today if only because the yield curve is so steep now that short term bonds may react more severely to an increase in rates than inte...
by convert949
Fri Dec 27, 2013 1:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Short Term Bond Funds
Replies: 51
Views: 5989

Re: Tips on staying the course...

I look every day but don't do anything... I have a plan and I intend to stick with it. I rebalance if necessary on my birthday each year in September and revisit opportunities to TLH and rebalance in December of each year.

That's it...
by convert949
Wed Dec 11, 2013 6:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tips on staying the course...
Replies: 19
Views: 1469

Re: Liability Matching Portfolio: Reality for the Long Term?

The LMP concept applies best to folks older than 65 who are absolutely unwilling to risk "losing" for the sake of their heirs, and unless you're a high earner, you can get most of the way there just by delaying SS and buying a TIPS ladder. I agree that inflation-adjusted annuities are pro...
by convert949
Thu Nov 28, 2013 2:31 pm
 
Forum: Investing - Theory, News & General
Topic: Liability Matching Portfolio: Reality for the Long Term?
Replies: 50
Views: 3786

Re: Short Term Bond Funds

As I recall, the rationale was centered on the fact that with today's steep yield curve, when interest rates eventually rise, it is likely that short term rates would go up more than intermediate and long term rates as they are particularly low. The result would be a flattening of the yield curve to...
by convert949
Wed Nov 27, 2013 6:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Short Term Bond Funds
Replies: 51
Views: 5989

Re: Short Term Bond Funds

I have been trying to remember where I heard this (maybe at Bogleheads 12?), but I do remember someone saying that intermediate bonds might be better than short term today if only because the yield curve is so steep now that short term bonds may react more severely to an increase in rates than inter...
by convert949
Wed Nov 27, 2013 3:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Short Term Bond Funds
Replies: 51
Views: 5989

Re: Success Stories of Bogleheads

I have learned to appreciate that "COSTS MATTER"…

Regards to all,

Bob
by convert949
Fri Nov 22, 2013 6:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Success Stories of Bogleheads
Replies: 62
Views: 6474

Re: Short Term Bond Funds

Another point that I have realized is that as you push towards the limit of that 15% bracket, Muni funds with their tax exempt dividends can help to keep you there… I personally have had Vanguard Limited Term Tax Exempt in taxable for many years (since my working days). It pays more than the Short T...
by convert949
Fri Nov 22, 2013 6:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Short Term Bond Funds
Replies: 51
Views: 5989

Re: Real Estate vs Equities

IMHO, real estate is different (direct investment, residential or commercial) in that it is more like a business than an investment.

Regards to all,

Bob
by convert949
Wed Oct 30, 2013 5:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Real Estate vs Equities
Replies: 15
Views: 1220

Re: Time to consider International Bonds?

Agreed... That is what the market did. I am more interested in the viewpoint of the forum on the value of diversification to spread the risk. I normally have a very strong home bias so this is contrary to my typical reaction.

Thanks for the input,

Bob
by convert949
Mon Oct 21, 2013 5:20 pm
 
Forum: Investing - Theory, News & General
Topic: Time to consider International Bonds?
Replies: 2
Views: 268

Re: Share with us: What was the best thing you learned at B

I learned a lot, and gained a lot of confidence in the course we (family and I) have chosen. I also think that Wade Pfau is a remarkable person. He had a chance to speak off the cuff during the experts' panel, and I was very impressed. His work on Safe Withdrawal Rates and Asset Allocation during r...
by convert949
Mon Oct 21, 2013 5:08 pm
 
Forum: Investing - Theory, News & General
Topic: Share with us: What was the best thing you learned at BH12
Replies: 35
Views: 3425

Time to consider International Bonds?

Just back from BH12 and had a great time, learning much... Noticeable by its absence was any mention of International Bonds... I know they are not very popular with members of the forum but if one considers the possibility of even a short term default by the US Treasury, does adding Total Internatio...
by convert949
Mon Oct 21, 2013 4:40 pm
 
Forum: Investing - Theory, News & General
Topic: Time to consider International Bonds?
Replies: 2
Views: 268

Re: Bogleheads Conference The Greatest

As Jack Bogle said to me... "There is no one more enthusiastic than a convert" True enough... Bob (convert949) Are you recommending to convert 949 times? Victoria Victoria, Actually, I am committed to converting 948 others to the Boglehead way :!: Bob Great answer, Bob! However, I think M...
by convert949
Sun Oct 20, 2013 10:24 pm
 
Forum: Investing - Theory, News & General
Topic: Bogleheads Conference The Greatest
Replies: 26
Views: 3861

Re: Bogleheads Conference The Greatest

VictoriaF wrote:
convert949 wrote:As Jack Bogle said to me... "There is no one more enthusiastic than a convert" True enough...

Bob (convert949)


Are you recommending to convert 949 times?

Victoria


Victoria,

Actually, I am committed to converting 948 others to the Boglehead way :!:

Bob
by convert949
Sun Oct 20, 2013 10:56 am
 
Forum: Investing - Theory, News & General
Topic: Bogleheads Conference The Greatest
Replies: 26
Views: 3861
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