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Re: Expensive hobbies and possessions? (B/c you can...)

Nice home + ocean view condo at the Jersey shore. Annual 2 week trip to the Caribbean in January. Quality food at home and dining out routinely.

Sam
by exoilman
Tue Apr 01, 2014 10:18 am
 
Forum: Personal Consumer Issues
Topic: Expensive hobbies and possessions? (B/c you can...)
Replies: 126
Views: 9241

Re: Is The US Stock Market Rigged? ~ 60 Minutes March 30, 20

I saw the 60 Minutes show. A good reason to use index funds and avoid market timing. The rapid traders were front running and skimming a little bit off of every trade made. Even if you held only index funds, you were still impacted, although the low turnover of index funds would lead to fewer trans...
by exoilman
Mon Mar 31, 2014 2:48 pm
 
Forum: Investing - Theory, News & General
Topic: 60 Minutes 3-30-14: Michael Lewis book "Flash Boys"
Replies: 70
Views: 2538

Re: Poll: When did you retire? Would you do it all over agai

Retired 11 years ago age 58. Since then, 4 grandchildren and lots of time at the Jersey shore, travel etc. Yes to doing it all over again.

Sam
by exoilman
Mon Mar 24, 2014 4:04 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: When did you retire? Would you do it all over again ?
Replies: 103
Views: 10709

Re: Does This Person Need Umbrella Ins Coverage?

Is the $1m in taxable account only? I might be wrong but retirement accounts (401k, IRA's, etc.) are protected if you're sued. Please correct me if I' wrong or if it depends on the state people reside in. Qualified plans are protected everywhere but IRAs depend on state. Google "IRA lawsuit pr...
by exoilman
Sun Mar 23, 2014 3:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does This Person Need Umbrella Ins Coverage?
Replies: 64
Views: 4414

Re: Viking River Cruises

reference
by exoilman
Thu Mar 20, 2014 11:26 am
 
Forum: Personal Consumer Issues
Topic: Viking River Cruises
Replies: 26
Views: 2861

Re: Buying condo outright

Somewhat related....do you like the TV show Portlandia? 8-) 8-)

Sam
by exoilman
Thu Mar 06, 2014 8:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying condo outright
Replies: 27
Views: 1688

Re: Savers remorse ?

greg24 wrote:
letsgobobby wrote:
greg24 wrote:As I've aged, I've learned not to sweat the small stuff. But I still could loosen up a bit.

Is it aging, or is it having more money?


For me, its a combination of the two.


+1
by exoilman
Thu Mar 06, 2014 8:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Savers remorse ?
Replies: 91
Views: 11185

Re: Meeting with Fidelity

You can save a lot of money by just following the Boglehead passive investing approach. Of course active management is very valuable... but for the providers, not the clients. Note: I have accounts at Fidelity and am pleased overall with their customer service. But I don't take any advice from them...
by exoilman
Fri Feb 28, 2014 4:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Meeting with Fidelity [Financial Advisor]
Replies: 42
Views: 3961

Re: Walton 4 Land Investment

Buy a REIT Index fund or if you wish purchase a REIT like WY which holds productive land (timber) in the millions of acres and pays you a dividend. I get antsy when I hear forward looking statements like "Walton purchases land in areas in the path of growth and holds it for future development&...
by exoilman
Thu Feb 27, 2014 5:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: Walton 4 Land Investment
Replies: 9
Views: 1021

Walton 4 Land Investment

Any BH's have any experience with this type of investment? From the person speaking with me, "A few points about Walton: Walton has been in the land business since 1979, now managing over $3 Billion in assets on behalf of 80,000 investors worldwide and have become the largest land planning firm...
by exoilman
Wed Feb 26, 2014 2:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Walton 4 Land Investment
Replies: 9
Views: 1021

Re: Bogleheads and Fast Food

jsl11 wrote:Costco food court. The food is pretty good, the portions are huge, and the prices are low.
Jeff


Just had their new addition. Barbecued brisket enjoyed it.

Subway no meats.
McD, Wendy's couple times a year

Sam
by exoilman
Tue Feb 11, 2014 9:48 am
 
Forum: Personal Consumer Issues
Topic: Bogleheads and Fast Food
Replies: 77
Views: 4444

Re: 709 Gift Tax Form Concern?

The form 709 is not required if you are gifting to each recipient 14K each or 28K per person from the two of you. It is only required if your gift(s) total more than 28K to an individual. Any amount greater than that will require the 709. Then that will be debited from the 5.2M estate. I am not an a...
by exoilman
Thu Feb 06, 2014 4:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: 709 Gift Tax Form Concern?
Replies: 12
Views: 547

Re: Retirement account withdrawals and fund expenses

FWIW we have been very fortunate and withdraw only what we actually need/want each year. For 2012 it was 1.4% (low tax expense) and for 2013 was 2.6% (bought a car). We estimate about a 1.7% rate for this year, based on 1/1/14 investment balance. I suspect that there may be many who do not need to ...
by exoilman
Sun Feb 02, 2014 3:19 pm
 
Forum: Investing - Theory, News & General
Topic: Retirement account withdrawals and fund expenses
Replies: 10
Views: 454

Re: IRA Required minimum distribution question

sscritic wrote:The typo was all mine, but shows that decimals are harder to get right than fractions. :)

To quote another poster
I suppose I might be off by a penny or two

or 365. Sort of like how a day or two is really a year.


:sharebeer
by exoilman
Sat Jan 04, 2014 10:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: IRA Required minimum distribution question
Replies: 25
Views: 1365

Re: IRA Required minimum distribution question

But 1/27.4 is not 3.65%, it is .03649635 or so. Try it on a $1,000,000 1000000 / 27.4 = $36,496.35 1000000 x 0.365 = $36,500.00 The difference is not pennies. I wonder what the instructions say to do? I would do what the instructions say to do and leave it at that. Figure your required minimum dist...
by exoilman
Sat Jan 04, 2014 8:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: IRA Required minimum distribution question
Replies: 25
Views: 1365

Re: IRA Required minimum distribution question

1/27.4 or 3.65% for first year and if you have more than 1 account add them before your calculate. Also you can take that amount from one account if desired.

Sam
by exoilman
Sat Jan 04, 2014 3:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: IRA Required minimum distribution question
Replies: 25
Views: 1365

Re: I think low cost of living trumps retiring in a no state

sscritic wrote:I think living close to children and grandchildren trumps taxes and cost of living. I chose family first, wealth second (but that's because I already have mine :) ).



:thumbsup Our family is the real wealth
by exoilman
Thu Dec 26, 2013 1:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: I think low cost of living trumps retiring in a no state in
Replies: 80
Views: 5275

Re: Thinking about chucking it all and going Wellington

My wife's ROTH (age 64) is 100% TSM and mine (age 70 )is 50% Wellington and 50% Wellesley. I want to consolidate into 1 or 2 funds. Target retirement or balanced or some other recommendations? We likely will not need this money so don't want it do be part of overall IP. thanks Sam What you really m...
by exoilman
Sun Dec 22, 2013 6:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Thinking about chucking it all and going Wellington
Replies: 72
Views: 7432

Re: Thinking about chucking it all and going Wellington

My wife's ROTH (age 64) is 100% TSM and mine (age 70 )is 50% Wellington and 50% Wellesley. I want to consolidate into 1 or 2 funds. Target retirement or balanced
or some other recommendations? We likely will not need this money so don't want it do be part of overall IP.

thanks
Sam
by exoilman
Sun Dec 22, 2013 12:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Thinking about chucking it all and going Wellington
Replies: 72
Views: 7432

Re: Where in New Jersey to buy home with NYC commute, childr

arsenalfan wrote:Montclair NJ. Mix of blue and white collar. Stephen Colbert's home. Great commercial and residential mix.


+1
by exoilman
Sat Dec 21, 2013 9:57 am
 
Forum: Personal Consumer Issues
Topic: Where in New Jersey to buy home with NYC commute, children?
Replies: 66
Views: 3729

Re: Dessert anyone?

placeholder wrote:Pecan pie.


And the best fruitcake from Collin Street Bakery

https://www.collinstreet.com/?t=s_go_kw ... OgodnEUAaQ

Happy Holidays
Sam
by exoilman
Tue Dec 17, 2013 7:57 pm
 
Forum: Personal Consumer Issues
Topic: Dessert anyone?
Replies: 34
Views: 2235

Re: Any bogleheads work "for the dark side"?

If so, how do you cope with having your earnings come from the very decisions we choose to personally not make (variable, whole life, high-fee products, etc)? Do you really need money that badly? In my experience, the best salesmen really believe in their product. Find something you believe in to s...
by exoilman
Sat Dec 14, 2013 11:34 am
 
Forum: Personal Finance (Not Investing)
Topic: Any bogleheads work "for the dark side"?
Replies: 36
Views: 4027

Term Life Insurance

Recommendations? Our children are 39 and 42 and are married, both with children. Any reputable Ins. companies that I can recommend?

thanks in advance
Sam
by exoilman
Thu Dec 12, 2013 11:27 am
 
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance
Replies: 2
Views: 215

Roth contribution and conversion dates

What is the last day that I can do these? I believe it is Dec.31 for conversion and April 15th for contribution. Is this correct?

thanks in advance
Sam
by exoilman
Wed Dec 04, 2013 1:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Roth contribution and conversion dates
Replies: 2
Views: 262

Re: Transferring an IRA beneficiary

Thank you to all for the good advice. For now I will leave as is.

Sam
by exoilman
Tue Nov 26, 2013 9:58 am
 
Forum: Personal Finance (Not Investing)
Topic: Transferring an IRA beneficiary
Replies: 4
Views: 339

Transferring an IRA beneficiary

My wife will inherit an IRA from a aging relative at some point. She (we) will not need this money. Can she name our children or preferably grandchildren when the time comes?

thanks
Sam
by exoilman
Mon Nov 25, 2013 12:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Transferring an IRA beneficiary
Replies: 4
Views: 339

Re: Death Book

I need to do more after reading the posts here. :oops:

thanks
Sam
by exoilman
Thu Nov 14, 2013 8:32 am
 
Forum: Personal Finance (Not Investing)
Topic: Death Book
Replies: 34
Views: 5673

Re: Planning my death

I will just tell you what I have actually been doing. Not a recommendation, seriously not . I don't keep secrets from my wife but her eyes glaze over at "investments." She handles all the monthly checking-account stuff, and is a very sound intuitive planner in terms of budgeting and spend...
by exoilman
Tue Nov 12, 2013 10:53 am
 
Forum: Personal Finance (Not Investing)
Topic: Planning my death
Replies: 41
Views: 3344

Re: A thank-you to veterans

Thank you all who have served and those serving.

With sincere respect,
Sam
by exoilman
Mon Nov 11, 2013 8:20 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: A thank-you to veterans
Replies: 32
Views: 1036

Re: Filing quarterly tax returns when retired

I have enough taken from pension and SS to eliminate the need for quarterly est. tax filing. That amount is also enough to cover dividend income from stocks.

Sam
by exoilman
Tue Nov 05, 2013 11:48 am
 
Forum: Personal Finance (Not Investing)
Topic: Filing quarterly tax returns when retired
Replies: 18
Views: 1016

Re: Poll For Those Who Don't Have a LTC Policy

We are fortunate to self insure.

Sam
by exoilman
Mon Oct 28, 2013 12:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Poll For Those Who Don't Have a LTC Policy
Replies: 34
Views: 1987

Re: MLP & LP

Thanks, I guess I don't need the headache.
Sam
by exoilman
Thu Oct 24, 2013 10:57 am
 
Forum: Investing - Help with Personal Investments
Topic: MLP & LP
Replies: 5
Views: 311

MLP & LP

Are there tax consequences for MLP's or LP's in a tax deferred account?

Thanks
Sam
by exoilman
Wed Oct 23, 2013 12:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: MLP & LP
Replies: 5
Views: 311

Re: What is your bogey?

Toons wrote:If I see my portfolio grow faster than my expenses with the passage of time in retirement ,I am thankful. :happy


+1
by exoilman
Mon Oct 21, 2013 10:10 am
 
Forum: Investing - Help with Personal Investments
Topic: What is your bogey?
Replies: 43
Views: 3066

Re: RETIREE POLL: How do you withdraw?

My first RMD is next year. We live on my pension and two SS checks and stock dividends. No COLA on my pension so will use some from RMD and invest the rest.

Sam
by exoilman
Fri Oct 11, 2013 3:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retiree Poll: How do you withdraw?
Replies: 30
Views: 2962

Re: Michael Edesess on Delaying Social Security

manwithnonamewrote: That strategy only works if you live to 81. If you delay SS until 70 and die at 71 you have lost 9 years of SS benefits. Only compelling reason to delay SS benefits until 70 is fear of running out of money. As I indicated previously, cash flow analysis can make commencing SS ben...
by exoilman
Fri Oct 04, 2013 7:57 am
 
Forum: Personal Finance (Not Investing)
Topic: Michael Edesess on Delaying Social Security
Replies: 36
Views: 2316

Re: Medicare premium increase

My first RMD will occur sometime next year, probably in December. The RMD will double my annual income and so I will need to pay a higher monthly premium. The premium is currently deducted from my SS benefit. What to I need to do to pay the higher amount? Thanks Sam If the RMDs will double your inc...
by exoilman
Tue Sep 24, 2013 9:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medicare premium increase
Replies: 7
Views: 724

Re: Medicare premium increase

They will collect back premiums for the entire year then?

Sam
by exoilman
Tue Sep 24, 2013 4:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medicare premium increase
Replies: 7
Views: 724

Medicare premium increase

My first RMD will occur sometime next year, probably in December. The RMD will double my annual income and so I will need to pay a higher monthly premium. The premium is currently deducted from my SS benefit. What to I need to do to pay the higher amount?

Thanks
Sam
by exoilman
Tue Sep 24, 2013 3:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medicare premium increase
Replies: 7
Views: 724

Re: Interesting markets -everything moves in the same direct

A lot of people have been worried about this for a long time, and I hope it's not costing any of them sleep and health. One could immerse their self in the plethora of go-with-what-you-decide-to-believe analysis. Or one could understand the simple truth that the market carries several types of risk...
by exoilman
Fri Sep 20, 2013 10:04 pm
 
Forum: Investing - Theory, News & General
Topic: Interesting markets -everything moves in the same direction
Replies: 21
Views: 1538

Re: 2nd car (w new baby on the way): accord vs crv

We recently purchased the CRV. Real easy for getting the grandkids in. Lots of room and putting their stuff in the back is real easy for us.

Sam
by exoilman
Wed Sep 18, 2013 9:07 pm
 
Forum: Personal Consumer Issues
Topic: 2nd car (w new baby on the way): accord vs crv
Replies: 21
Views: 1411

Solar Power for our home

Before listening to sales pitches, what are some good questions to ask? Our home is south facing so I understand it may qualify for "free" installation. Does anyone have good experience with solar for their home?

regards
sam
by exoilman
Tue Sep 03, 2013 5:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Solar Power for our home
Replies: 8
Views: 994

Re: Cost basis question

Thanks

Sam
by exoilman
Sat Aug 17, 2013 12:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cost basis question
Replies: 3
Views: 363

Cost basis question

My taxable brokerage account is in my name TOD to my wife. Does she get the step up basis on my date of death? If it were a joint account would there be a difference?

thanks
Sam
by exoilman
Thu Aug 15, 2013 4:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cost basis question
Replies: 3
Views: 363

Re: Tax Implications of Gift to Siblings?

Write them each a check for $14,000 this year. Come Jan 1, write them another check for $11,000. It's not taxable to them or you. It's not reportable either. Or you can just write them a check now for the full $25K and use $33K of your $5.25 million lifetime exclusion. Agree and I believe a form 70...
by exoilman
Tue Aug 06, 2013 3:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax Implications of Gift to Siblings?
Replies: 16
Views: 1040

Re: lost job - can I retire now

Your glide path timeline would be steep for me. Work at least part time till your head clears. And keep asking questions to the many bright minds here.

good luck
Sam
by exoilman
Mon Jul 29, 2013 7:18 am
 
Forum: Personal Finance (Not Investing)
Topic: lost job - can I retire now
Replies: 39
Views: 5798

Honda CRV

We are getting ready to purchase a new Honda CRV. Any one in the Jersey area that can recommend a dealer is appreciated. Also any opinions on the vehicle appreciated. We will be trading in a 2007 Civic EX (42K). and prefer to use dealer.

thanks
Sam
by exoilman
Fri Jul 26, 2013 12:30 pm
 
Forum: Personal Consumer Issues
Topic: Honda CRV
Replies: 10
Views: 1067

Re: Hit a financial milestone today

Max your 401K, you can't beat free money! Also save as much as you can and live a little.

:sharebeer Sam
by exoilman
Wed Jul 24, 2013 11:09 am
 
Forum: Investing - Help with Personal Investments
Topic: Hit a financial milestone today
Replies: 26
Views: 3142
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