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Re: what to do about variable annuities?

Exact same situation with my mother. Although the amount of the annuity is about half. She had held it past the period where any surrender charges might apply. It sounds like you would be past that time period as well. The annual fees were almost 3%. A large amount compared to VG annuities. She also...
by derosa
Sat Apr 18, 2015 5:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: what to do about variable annuities?
Replies: 11
Views: 828

Re: To TIP or not to TIP (funds)?

Look at a current bond table for yields today. A 30 YEAR bond has a yield of 2.5%. A 10 YEAR note of 1.8%. So people are willing to tie their money up for 10 years for 1.8% or 30 years for 2.5%. Uhhh - no one is expecting any inflation. At least these are in positive territory. Go look at Europe for...
by derosa
Sat Apr 18, 2015 5:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: To TIP or not to TIP (funds)?
Replies: 23
Views: 3233

Re: Still having a hard time on retiring

You may hate dealing with money matters but at this point it is your life and what that life will be. Isn't that worth a few hours a week my friend? If nothing else for your family's life? How do you explain to them that i went to this guy and in a short time i have no money for us. Wow I am not sur...
by derosa
Fri Apr 17, 2015 10:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Still having a hard time on retiring
Replies: 32
Views: 3779

Re: Defined Benefit Plan help

It certainly seems like he has time to do the following 2 items: 1. Talk with his HR people about what his benefits are. What the options are. Does he get health insurance as a retiree? 2. Figure out what his financial situation is. I assume he will also be getting social security. And he has money ...
by derosa
Fri Apr 17, 2015 2:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Defined Benefit Plan help
Replies: 9
Views: 723

Re: Federal Tax Bracket Question

Didn't your tax preparer give you a complete copy of the tax forms and all the worksheets? For both state and federal? This is certainly an odd time to be asking this question. Surely you had to review and sign off on the return before it was filed? All you have to do is look at what you filed and f...
by derosa
Fri Apr 17, 2015 2:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Federal Tax Bracket Question
Replies: 27
Views: 2158

Re: Stocks are on sale, should I buy?

But wait on Monday the sale continues - its going to be down 2%. So don't buy today you will have a better sale the next business day.

Or is it going down on Tuesday? I can't really keep it straight.

You get the point.
by derosa
Fri Apr 17, 2015 2:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: Stocks are on sale, should I buy?
Replies: 39
Views: 4213

Re: How much should a small tile floor (3' X 5') cost? $2000

Maybe the guy doesn't want to do the job? So he prices it so that he won't get the work. Hmmm...wouldn't be the first time someone didn't want the work but didn't want to say no - to either his friend the plumber or the client. Minimum of two trips. Thats at least $100 - $200 a trip just for the guy...
by derosa
Wed Apr 15, 2015 5:30 pm
 
Forum: Personal Consumer Issues
Topic: How much should a small tile floor (3' X 5') cost? $2000?
Replies: 34
Views: 2002

Re: Tax Preparer Guarantees

No tax preparer guarantees anything. What they will do is explain why they did what they did based on what my client told me.

A math error is a different story of course.
by derosa
Wed Apr 15, 2015 3:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax Preparer Guarantees
Replies: 11
Views: 1098

Re: Health insurance claim denied -Need tips on filing an ap

Your first step is the docs office. From your notes it was their incomplete information that caused the denial. They need to provide the detailed information that you have included here. Once that is done they need to resubmit the corrected or revised claim. It appears based on your information that...
by derosa
Mon Apr 13, 2015 7:32 pm
 
Forum: Personal Consumer Issues
Topic: Health insurance claim denied -Need tips on filing an appeal
Replies: 9
Views: 852

Re: Neighbor hired a surveyor. Should I be nervous?

From your information it sounds like it is his fence by about 1'. Should you be worried? Hard to say at this point. You have no idea why the survey was done. Could be something completely unrelated to the fence - maybe a question onthe other side of the lot? If he likes HIS fence probably not a prob...
by derosa
Mon Apr 13, 2015 5:56 pm
 
Forum: Personal Consumer Issues
Topic: Neighbor hired a surveyor. Should I be nervous?
Replies: 49
Views: 6128

Re: Portfolio Rebalancing and Tax Implications

Rebalancing is for managing risk. I would be shocked if you had to rebalance on a quarterly basis, even on an annual basis. It might be best to avoid a calendar date as a reason for rebalancing and let the asset allocation % guide you. Rebalance with new money. Another option is to direct dividends ...
by derosa
Tue Apr 07, 2015 10:13 am
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Rebalancing and Tax Implications
Replies: 6
Views: 630

Re: Vanguard LifeStrategy Conservative Growth Fund

Just take it out of the fund as you need it or monthly or quarterly. You'll pay capital gains at whatever rate you are at of course. Put it in your checking account or money market account and write checks off it from there. Could be that by putting it in a bond fund could be creating a 2nd set of t...
by derosa
Tue Apr 07, 2015 7:54 am
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard LifeStrategy Conservative Growth Fund
Replies: 11
Views: 1182

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

You don't have to hold bonds. Just like you don't have to hold any particular asset.

However you have provided no context in your post to give us any background to help understand where you are at. For example are you 20 or 80?
by derosa
Mon Apr 06, 2015 10:19 am
 
Forum: Investing - Theory, News & General
Topic: Switching 40% of my portfolio to bonds: just can't do it.
Replies: 52
Views: 6968

Re: LOL how long do you keep old tax returns

Theoretically you might want to keep them a very long time. Let's say they go back a few years to audit or question. And find something. They can then go back another 7 years from that point and so on. What are the chances of that - obviously very small. On the other hand - You can't ever say you ar...
by derosa
Sun Apr 05, 2015 5:25 pm
 
Forum: Personal Consumer Issues
Topic: LOL how long do you keep old tax returns
Replies: 39
Views: 3117

Re: Making sure i understand income taxes after retirement

You might also want to consider what part of your ss benefit is taxable. I believe that those things would be considered for determining how much of your benefit is considered taxable. This is a little different than your question - you probably have already researched the taxation of your social se...
by derosa
Sun Apr 05, 2015 5:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Making sure i understand income taxes after retirement
Replies: 8
Views: 1454

Re: replicating AA in each account (or not)

You or your family has one pot of money. You can split it up 19 ways or 3 ways or not at all - it still adds up to the exact same amount of money. If you put it all in your front left pocket you have N total dollars. If you put half in the front left pocket and half in the front right pocket - you h...
by derosa
Sun Apr 05, 2015 5:06 pm
 
Forum: Investing - Theory, News & General
Topic: replicating AA in each account (or not)
Replies: 20
Views: 793

Re: Gearing up for big replacement windows project

Just for laughs a price comparison - 25 year old house that had basic double pane windows with lots of little seepy cracks around the edges. You know the drafts I am talking about. argon, low E, grilles inside, installed, old stuff taken away, exterior frame wrapped in aluminum - complete: Lowe's vi...
by derosa
Fri Apr 03, 2015 5:54 pm
 
Forum: Personal Consumer Issues
Topic: Gearing up for big replacement windows project
Replies: 35
Views: 2561

Re: All lazy portfolios impossible at Vanguard?

VSMGX. lifestrategy moderate growth. 60/40 s/b with international in both. 0.16% ER.

What's not to like about that? 1 fund. asset allocation maintained.

When you get $20K or $30K you might consider breaking out to individual funds/etfs.
by derosa
Mon Mar 30, 2015 1:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: All lazy portfolios impossible at Vanguard?
Replies: 23
Views: 2761

Re: Buying a house to save on taxes?

You have to live some place. Housing is shelter, a place to sleep, eat, live, etc etc. So you have to be some place. Maybe 3 years? In other words who knows - right? That's a long time. Your family might as well enjoy itself. You only have one life to live. Who knows - your employer sees you buying ...
by derosa
Sat Mar 28, 2015 7:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying a house to save on taxes?
Replies: 18
Views: 1853

Re: Is this a decent withdrawal strategy?

You should easily be getting at least 2% or more per year in dividends and capital gains. That would be $80,000. All that directed to checking account or money market. Not reinvested. You will have to pay taxes out of that of course. You should never have to sell anything based on the numbers provid...
by derosa
Sat Mar 28, 2015 7:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is this a decent withdrawal strategy?
Replies: 17
Views: 1730

Re: Retirement calculation lies?

Still haven't seen where the lie is that you referred to in your headline? You are implying that the tool is not working correctly. A calculator is a calculator is a tool. They all do what they say they will do if you give them some data. I would be confident that the Boglehead's tool is not lying t...
by derosa
Fri Mar 27, 2015 10:09 pm
 
Forum: Investing - Theory, News & General
Topic: Retirement calculation lies? [Geometric vs. arithmetic mean]
Replies: 44
Views: 4230

Re: Son graduating college-what to do?

Gee his life sounds like everyone else graduating from college. Not sure i understand your need to helicopter on this. If he wants it bad enough he will figure it out. That seems pretty simple - that would be motivation. If you want to do something pay for the uhaul to get his stuff there.
by derosa
Fri Mar 27, 2015 10:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Son graduating college-what to do?
Replies: 39
Views: 3285

Re: Help w/ my mom's financial situation

You need to check but i think Ohio is PERS and not Social Security. Some states are setup like that. That is in place of social security. She might be able to claim a SS benefit from her husband? Ohio is and always has been a non-Social Security state. Instead, Ohio’s public employees contribute int...
by derosa
Fri Mar 20, 2015 5:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help w/ my mom's financial situation
Replies: 18
Views: 1760

Re: New washing machine won't fit down basement steps.

On Maytags the front/sides/top of the cabinet all tilts forward as one unit over the tub & basket and lifts off. The back panel and the control section on top of the back are one piece. This is just 'flimsy' sheet metal. The base is still just about as wide. However you may be able to do some ji...
by derosa
Fri Mar 20, 2015 5:19 pm
 
Forum: Personal Consumer Issues
Topic: New washing machine won't fit down basement steps.
Replies: 32
Views: 2956

Re: Vinyl or wood fence

My FIL used vinyl. To me vinyl looks plastic. And yes that isn't a compliment. Bright white in the backyard isn't the look i would want. Vinyl isn't maintenance free. Still has to be cleaned / washed on a regular basis. In a shady area you could get a nice green mildew cover growing on it. Depending...
by derosa
Thu Mar 19, 2015 5:39 pm
 
Forum: Personal Consumer Issues
Topic: Vinyl or wood fence
Replies: 36
Views: 2022

Re: maximum social security benefit

I would just chalk it up to she is having a good story at your expense. From what you have talk us you have no actual facts about her work history or where she is getting this number.

Let it go - she got you.

Tell her about the killing you made on Facebook.
by derosa
Mon Mar 16, 2015 5:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: maximum social security benefit
Replies: 17
Views: 1934

Re: Should you hold bonds and a mortgage at the same time?

putting only $100K in to the house?

the bottom just fell out of your net worth.

$1M - $100k = $900k

$900k - $400k = $500k networth
by derosa
Sat Mar 14, 2015 5:16 pm
 
Forum: Investing - Theory, News & General
Topic: Should you hold bonds and a mortgage at the same time?
Replies: 90
Views: 7612

Re: Credit Check to Rent an Apartment?

Nephew and girlfriend wanted to rent an apartment. Both out of school a couple years. she is going to grad school, he is working fulltime. To rent an apartment in manhattan the parents had to provide 2 years of federal tax returns. And trust me it is in an area where you need to know a 2nd language.
by derosa
Wed Mar 11, 2015 8:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Credit Check to Rent an Apartment?
Replies: 23
Views: 1563

Re: Edward Jones - Ripped off Advice

Just contact the firm and say your need the last couple of years of statements to satisfy an IRS request.
by derosa
Wed Mar 11, 2015 5:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Edward Jones - Ripped off Advice
Replies: 20
Views: 1556

Re: 1099 Employee for 1+ Year?

Are you going to tell him what to do or is he going to be making his own work decisions?

If you are hiring an employee he is not an independent contractor.
by derosa
Wed Mar 11, 2015 3:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: 1099 Employee for 1+ Year?
Replies: 10
Views: 785

Re: Need advice. My wife is starting a small business

I think before you worry about funding an sep or all those other things - Sell something. Make some money. That amount of income described is almost just a hobby and not really a business to be honest. I guess the question is - is this a business or something to be busy at? All that other stuff is j...
by derosa
Tue Mar 10, 2015 3:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Need advice. My wife is starting a small business
Replies: 25
Views: 2681

Re: Fly or drive?

I am guessing that people that aren't excited about the IRS mileage rates never had to use a car in business. My CPA hated the optional fixed costs. Which is what these mileage costs actually are. They are an option over taking actual costs. She said the actual costs are always higher. She insisted ...
by derosa
Mon Mar 09, 2015 5:16 pm
 
Forum: Personal Consumer Issues
Topic: Fly or drive?
Replies: 84
Views: 4768

Re: Fly or drive?

IRS rates come from the IRS of course. Straight from the IRS -- New Standard Mileage Rates Now Available; Business Rate to Rise in 2015 IR-2014-114, Dec. 10, 2014 WASHINGTON — The Internal Revenue Service today issued the 2015 optional standard mileage rates used to calculate the deductible costs of...
by derosa
Mon Mar 09, 2015 4:02 pm
 
Forum: Personal Consumer Issues
Topic: Fly or drive?
Replies: 84
Views: 4768

Re: Fly or drive?

The discussion seems to think that there is no cost to driving. It is money to fly compared to time to drive. Driving costs. You just don't think of them directly except for gas. At $0.575 per mile the 2,100 mile round trip by car is about $1,200 in car costs. This is the 2015 reimbursement rate fro...
by derosa
Mon Mar 09, 2015 2:43 pm
 
Forum: Personal Consumer Issues
Topic: Fly or drive?
Replies: 84
Views: 4768

Re: I hate the new Vanguard Web navigation!!!

Fine by me. No trouble viewing or finding anything.
by derosa
Sun Mar 08, 2015 6:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: I hate the new Vanguard Web navigation!!!
Replies: 47
Views: 4654

Re: Tax Help

Do your taxes this year. See where you come out. Make certain you claim all deductions, etc. If you believe that your income will be ballpark the same next year then it might be time to make changes in withholding. Hold at a higher rate, have a specific additional amount withheld, claim a couple of ...
by derosa
Thu Mar 05, 2015 6:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax Help
Replies: 4
Views: 280

Re: done so soon? Firecalc says so

Firecalc is historical returns. That is the exact same methodology used by VG. So take a close look at the last plan you did with them - or have one done by them. BTW vg will account for taxes in their plan. Fircalc doens't account for anything. Try a monte carlo tool. Results should be in the same ...
by derosa
Sun Mar 01, 2015 3:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: done so soon? Firecalc says so
Replies: 15
Views: 1935

Re: On line product reviews vs Consumers Reports

Use CR on line. Haven't subscribed hardcopy in years. They are not trying to sell you something. Keep that in mind. Tripadvisor? Who knows who is writing that stuff up. When I check out locations that I know and see what ranks out on top. I just have to wonder how many aunts and uncles those people ...
by derosa
Mon Feb 23, 2015 9:20 pm
 
Forum: Personal Consumer Issues
Topic: On line product reviews vs Consumers Reports
Replies: 37
Views: 2778

Re: Help! I can't afford to eat on my South Beach vacation

[OT comments removed by admin LadyGeek]
by derosa
Mon Feb 23, 2015 9:09 pm
 
Forum: Personal Consumer Issues
Topic: Help! I can't afford to eat on my South Beach vacation
Replies: 60
Views: 5189

Re: Advice for how to help a grieving FIL with daily finance

Very sorry to see this situation. Having been through it and it is painful. However - From what i can tell he hasn't asked you for any financial help. You don't say that his bills aren't being paid. He isn't in debt collection. Power is not being turned off. So that doesn't sound like financial prob...
by derosa
Mon Feb 23, 2015 4:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Advice for how to help a grieving FIL with daily finances
Replies: 16
Views: 1729

Re: Filing my own business taxes, some questions

Gosh i hope you are saving $1000s by doing it yourself! Because you are going to spend 100 hours doing it yourself based on the questions that you have just asked. Now i don't know what your time is worth - maybe $100 / hr - for being self employed? But at $100 per hour it doesn't take too many hour...
by derosa
Mon Feb 23, 2015 4:21 pm
 
Forum: Personal Consumer Issues
Topic: Filing my own business taxes, some questions
Replies: 2
Views: 270

Re: Does early retirement affect SS benefits?

I would go back to the site and read all the details about the calculator and the results.
by derosa
Sun Feb 22, 2015 4:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does early retirement affect SS benefits?
Replies: 16
Views: 2410

Re: SS survivor question?

Thanks for your patience on this one! I completely overlooked the birth year dates - sorry about that. I knew you couldn't be wrong based on years of reading your articles but i wasn't seeing it. This was a topic that hit me with great interest. I don't think I have ever seen anything about this sma...
by derosa
Sun Feb 22, 2015 12:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: SS survivor question?
Replies: 14
Views: 1001

Re: SS survivor question?

Oblivious – Is your calculation correct? Should you be using .75 instead of .7? I may not be understanding something of course. From the table in your blog post of 7/20/2012 if someone claims at age 62 they are getting 75% of their PIA. One of the examples used to illustrate that post has person tha...
by derosa
Sun Feb 22, 2015 10:47 am
 
Forum: Personal Finance (Not Investing)
Topic: SS survivor question?
Replies: 14
Views: 1001

Re: Help with Fed Retirement, North Carolina, and Bailey

Here is link to NC Dept of Revenue concerning the Bailey decision. You can follow the link within that page to the list of qualifying state and federal retirement (p27) plans. Either you have 5 years of creditable service as of that date or you don't. You would have to check your plan's account info...
by derosa
Sat Feb 21, 2015 12:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help with Fed Retirement, North Carolina, and Bailey
Replies: 25
Views: 1025

Re: Cost Basis Questions

Spec ID with mutual funds is for people that have a lot of extra time on their hands. YOu might save yourself $2.

In the real world for real people it makes little difference.
by derosa
Fri Feb 20, 2015 6:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Cost Basis Questions
Replies: 11
Views: 1099

Re: Vanguard Index Fund Fees

You aren't assessed a fee nor do charges show up in your account. The money is collected by vg before it is reported in your account.
by derosa
Fri Feb 20, 2015 12:51 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard Index Fund Fees
Replies: 12
Views: 1143

Re: How to interact with medical establishment

Still not quite sure we are getting the whole story here. OP recently had surgery. Not done by doctor says was called. OP has an appointment scheduled with the surgeon in the future. Not sure of the time frame - next week, next month, etc. Calls another doctor for an appointment. that OP thinks is r...
by derosa
Fri Feb 13, 2015 10:44 pm
 
Forum: Personal Consumer Issues
Topic: How to interact with medical establishment
Replies: 48
Views: 2906

Re: Social Security as a bond?

It is a revenue stream. It is not something that you buy and sell like a bond. If you have any doubts about that - try selling it to someone. To put it another way what do you consider your paycheck? An equity? Just look at it as something that reduces the need for your investments to produce income...
by derosa
Thu Feb 12, 2015 6:46 pm
 
Forum: Investing - Theory, News & General
Topic: Social Security as a bond?
Replies: 47
Views: 3309

Re: DH and I are buying bicycles

The key thing is fit not price. And if you are not sure how to properly fit a bike then go to a bike shop and have them do it. If you are going to ride on the road buy a road bike. Don't buy a tank - otherwise known as mountain bike or off road. Those are great for maybe bombing around town for 4 mi...
by derosa
Mon Feb 09, 2015 6:40 pm
 
Forum: Personal Consumer Issues
Topic: DH and I are buying bicycles
Replies: 39
Views: 1731
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