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Re: Reducing Sequence of Returns Risk

I haven't researched reverse mortgages recently, but when I last did, the biggest knock on them was huge up-front cost. If they currently have anywhere near that cost, please compare it to establishing a low and sometimes no cost HELOC. "Reducing Sequence of Returns Risk" sounds to me like...
by hq38sq43
Thu Apr 10, 2014 8:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Reducing Sequence of Returns Risk
Replies: 11
Views: 1071

Re: The Three Fund Portfolio

Why shouldn't i invest mostly in value funds? Phokus: Welcome to the Bogleheads Forum! It is dangerous to invest in only a single stock category. The Callan Table linked by BL shows this graphically. Consider the more diversified Three Fund Portfolio recommended by many investing authorities. Best ...
by hq38sq43
Tue Apr 08, 2014 10:49 pm
 
Forum: Investing - Theory, News & General
Topic: Why shouldn't i invest mostly in value funds?
Replies: 22
Views: 1471

Re: John Bogle, Index Icon, Accused of Timing Market

The lesson Nelson learns from the interview with Bogle, whose “cult-like following” has “hundreds of thousands of individual investors hanging on his every word,” is to “trust a philosophy, not a person” who “can easily be swayed by prevailing market sentiments.” I agree with “trust a philosophy, n...
by hq38sq43
Sun Apr 06, 2014 11:59 am
 
Forum: Investing - Theory, News & General
Topic: John Bogle, Index Icon, Accused of Timing Market
Replies: 44
Views: 4968

Re: When does depreciating a rental property save on taxes?

Great explanation, thanks. So, to make sure I understand correctly: If I sell the house I bought for 200k 27.5 years later for the same price, 200k, I would pay 25% of 200k which is 50k. If I were to sell at 30 years, do I pay the same 50k because taking depreciation ends at 27.5 years? Likewise, I...
by hq38sq43
Tue Apr 01, 2014 11:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: When does depreciating a rental property save on taxes?
Replies: 70
Views: 4283

Re: New job, ready to start retirement planning

Best advice I can think of: Buy a copy of The Bogleheads' Guide to Investing (ca. $15 from Amazon, hopefully linked from this web site)) spend a few hours with it, then keep it close at hand for periodic re-reading).

Warm regards,
by hq38sq43
Mon Mar 31, 2014 8:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: New job, ready to start retirement planning
Replies: 20
Views: 1979

Re: Are master limited partnerships worthwhile?

The handful of my tax clients who bought into (were sold) MLPs all got waxed. One was victimized by her brother, who played with her money (seven MLPs) until it almost disappeared. So much for affinity investing.

Best regards,
by hq38sq43
Thu Mar 27, 2014 7:09 pm
 
Forum: Investing - Theory, News & General
Topic: Are master limited partnerships worthwhile?
Replies: 25
Views: 1444

Re: When does depreciating a rental property save on taxes?

An important consideration is that upon sale of the property all depreciation, whether claimed (deducted) as an expense or not from time to time, will decrease the tax basis from which capital gain or loss is computed. Nothing is gained by declining or neglecting to claim the depreciation expense, s...
by hq38sq43
Sun Mar 23, 2014 10:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: When does depreciating a rental property save on taxes?
Replies: 70
Views: 4283

Re: New investor seeking advice.

Buy and read either The Only Investment Guide You'll Ever Need by Andrew Tobias, Smart and Simple Financial Strategies for Busy People by Jane Bryant Quinn, or The Bogleheads' Guide to Investing by Taylor Larimore et al. My favorite is the first one, because it is the shortest, most fun, and tells y...
by hq38sq43
Sat Mar 22, 2014 9:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: New investor seeking advice.
Replies: 14
Views: 803

Re: Max TSP or Diversify Elsewhere?

Max it out. There's a few of us here that have done that and are TSP millionaires...all done without moving rollover IRA or 401k money from previous employers into the TSP. We did it the hard way, maxing out every year, one year at a time. It's very doable. Go for it. Agree completely. IMO the dive...
by hq38sq43
Fri Mar 21, 2014 12:21 am
 
Forum: Investing - Help with Personal Investments
Topic: Max TSP or Diversify Elsewhere?
Replies: 15
Views: 1392

Re: Using a convenience check

Deleted

Regards to all,
by hq38sq43
Tue Mar 18, 2014 11:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Using a convenience check
Replies: 6
Views: 743

Re: Viking River Cruises

DW and I have cruised twice with Viking: Rhone/Saone in 2009 and Danube in 2011. Very pleased with both. Are booked for Portugal's River of Gold Cruise this summer. We've been on one big ship ocean cruise and are disinclilned to go on another. Viking boats are just right for a relaxing, congenial cr...
by hq38sq43
Tue Mar 18, 2014 5:50 pm
 
Forum: Personal Consumer Issues
Topic: Viking River Cruises
Replies: 26
Views: 2861

Re: Used $35k Porsche on $64k income?

Beware the cost of maintaining an upscale vehicle.

Regards,
by hq38sq43
Tue Mar 04, 2014 6:32 pm
 
Forum: Personal Consumer Issues
Topic: Used $35k Porsche on $64k income?
Replies: 95
Views: 6409

Re: Savings & investment buckets for FSOs (TSP, Roth IRAs, E

During my 4-year FSO career in late '60s (truncated by 4 months in Vietnam, which caused me to resign) DW and I saved and paid down debt ferociously. Very glad now that we did. Don't deny yourselves unduly now, but early saving and investment is the passport to comfort in your "golden years.&qu...
by hq38sq43
Mon Mar 03, 2014 10:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Savings & investment buckets for FSOs (TSP, Roth IRAs, ERs)
Replies: 11
Views: 613

Re: Paying IRS taxes with a credit card when e-filing

If your credit card charges a 1.87% fee but rewards are 2.00%, then you save 13 basis points by using your card. On a $10,000 tax bill this earns you $13. How much do you value your time? I would be inclined to just write a check. Why assume OP's bill is $10,000? Working in an H&R Block office ...
by hq38sq43
Sun Mar 02, 2014 9:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paying IRS taxes with a credit card when e-filing
Replies: 7
Views: 631

Re: Why the love for target date funds?

Clearly, target retirement funds are not for everyone. But in her "Smart and Simple Financial Strategies for Busy People" Jane Bryant Quinn makes a very good case that for very many people they are virtually ideal. She agrees with Jack Bogle, Warren Buffett, and many others of like reputat...
by hq38sq43
Sun Mar 02, 2014 4:02 pm
 
Forum: Investing - Theory, News & General
Topic: Why the love for target date funds?
Replies: 71
Views: 3652

Re: Girl Scout Cookies - why not tax-deductible?

The seller's cost is irrelevant to tax deduction. The difference, if any, between what you pay for the cookies and their "fair market value" is your deduction, if any. Probably not worth fretting about. Buy the cookies, enjoy them, and forget about tax deduction.

Best regards,
by hq38sq43
Sat Mar 01, 2014 8:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Girl Scout Cookies - why not tax-deductible?
Replies: 25
Views: 1808

Re: Wrist Watches

Timex. "It takes a licking and keeps on ticking." Jumped in the pool ca. 4 years ago forgetting the $80 Pulsar my son had gifted me from one of his first regular pay checks was on my wrist. Big mistake. Bought a $40 Timex replacement which I suspect would survive such a plunge, but I now a...
by hq38sq43
Fri Feb 28, 2014 9:37 pm
 
Forum: Personal Consumer Issues
Topic: Wrist Watches
Replies: 81
Views: 5760

Re: Is 19 too Early to invest in IRA?

19 is not too early to invest in an IRA, I started mine when I was 16 and haven't look back since. I suggest adding $5500 to a Roth IRA for 2013 before April 15th. Then you can add another $5500 for 2014, when you are ready to retire you will be very happy with this decision. Rebus sic stantibus (u...
by hq38sq43
Mon Feb 24, 2014 9:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is 19 too Early to invest in IRA?
Replies: 21
Views: 1054

Re: Wanting to know if this financial situation is feasible

From a quick review of the advice you've received here I think the best is that you not count on an annual income more than about $60,000 from a portfolio of $3,000,000 and plan accordingly. Many people have blown through much bigger "fortunes" with amazing speed due to improvident spendin...
by hq38sq43
Wed Feb 19, 2014 2:42 am
 
Forum: Personal Finance (Not Investing)
Topic: Wanting to know if this financial situation is feasible
Replies: 73
Views: 4961

Re: What to do in Austin, TX

The LBJ Presidential Library. Wife and I visited a couple of years ago and were stunned by our ignorance of what President Johnson accomplished during his time as President, despite the Vietnam debacle. We lived through it and thought we knew, but we didn't. Rather than beer, barbecue, and such, ing...
by hq38sq43
Mon Feb 17, 2014 9:48 pm
 
Forum: Personal Consumer Issues
Topic: What to do in Austin, TX
Replies: 44
Views: 2817

Re: The Gecko cost me a lot of $. How often to switch car in

It's important to consider not only premium cost but also provider performance. We've insured with USAA for nearly 50 years, because their claim response has always been good-to-outstanding on the rare occasions we filed a claim. Unfortunately, USAA has largely withdrawn from the Florida Homeowners'...
by hq38sq43
Sat Feb 08, 2014 1:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: The Gecko cost me a lot of $. How often to switch car ins?
Replies: 78
Views: 7696

Re: $10+ M, age 49, seeking wisdom regarding retirement

You might enjoy and benefit from Cashing In On The American Dream by Paul Terhorst. It's a delightful book by a CPA who retired at 35 ca. forty years ago and has since then traveled the world with his wife, Vicky. I believe the book is out of print and more than somewhat out of date, but if you can ...
by hq38sq43
Wed Feb 05, 2014 8:51 am
 
Forum: Personal Finance (Not Investing)
Topic: $10+ M, age 49, seeking wisdom regarding retirement
Replies: 58
Views: 7106

Re: Placing a trade while the market is closed

Remembering the 22.61% October 19, 1987 market plunge and somewhat similar plunges on other days, I often wait until 3:30 pm or so before submitting an order. Sure, it's market-timing, but the decreased likelihood of suffering a substantial loss or missing a substantial gain in the 30 minutes before...
by hq38sq43
Fri Jan 31, 2014 9:18 pm
 
Forum: Investing - Theory, News & General
Topic: Placing a trade while the market is closed
Replies: 19
Views: 1521

Re: What Bond Fund do You Invest In?

My choice as a retired Fed and long time fan of both USAA and Vanguard is USAA Intermediate Term Muni Fund. Am somewhat conflicted between it and comparable Vanguard fund, but what the heck? Both companies and funds are great. I'm comfortable with my choice.

Best regards,
by hq38sq43
Sat Jan 25, 2014 11:13 pm
 
Forum: Investing - Theory, News & General
Topic: What Bond Fund do You Invest In?
Replies: 43
Views: 2637

Re: SUV Vs Sedan

As a long time fan of Hondas for cost and reliability, I have considered and driven Accords and CRVs. If I needed an SUV, I'd choose the CRV. But I don't need an SUV, so I have for years chosen the Accord, feeling more in control of it. Don't seem to see out of the CRV as well and never sure of my d...
by hq38sq43
Sat Jan 25, 2014 10:14 pm
 
Forum: Personal Consumer Issues
Topic: SUV Vs Sedan
Replies: 50
Views: 3577

Re: Help me understand why tax-advantaged is a lot better

Thanks for the reply dickenjb and MindBogler. To dickenjb, I'm interested to see a simulation over 30 years about what that tax difference would do. This is assuming that the investor maintain the same level of income. There are so many assumptions built into very long projections (30,40 yrs) it is...
by hq38sq43
Sat Jan 18, 2014 8:44 pm
 
Forum: Investing - Theory, News & General
Topic: Help me understand why tax-advantaged is a lot better
Replies: 63
Views: 5043

Re: Term UL vs term life insurance

Without knowing more about your situation, it seems gratuitous to give advice, But, here goes. IMHO, A father with young children should buy all the term insurance he can afford. Only after sufficient insurance to provide for the family is in place, should decisions regarding use of remaining resour...
by hq38sq43
Thu Jan 16, 2014 9:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Term UL vs term life insurance
Replies: 6
Views: 574

Re: Home buy - Now or later (Big salary increase)

Sounds like you are well positioned to pay off the student loan; so, despite the currently low interest rate, I recommend you pay it off asap. I have encountered many people with a student loan mill stone dragging them down, and the sight ain't pretty. If your currently rosy future pans out, you wil...
by hq38sq43
Thu Jan 16, 2014 8:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Home buy - Now or later (Big salary increase)
Replies: 32
Views: 3101

Re: What factors to consider when setting the [retirement] d

One consideration is always whether you are earning your keep. Toward the end of my career, I observed people around me hanging on to their "jobs," i.e., staying on the payroll to maximize their retirement benefits, although they were, as Professor Galbraith termed it, retired in place. Th...
by hq38sq43
Thu Jan 16, 2014 8:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: What factors to consider when setting the [retirement] date
Replies: 24
Views: 1546

Re: Highest safe withdraw rate

Cut-Throat wrote:
IlliniDave wrote: My own goal is to keep withdrawals at or below 2% during semi retirement and 3% thereafter.


Why do this ? Have you looked at VPW?


VPW?
by hq38sq43
Wed Jan 15, 2014 10:26 am
 
Forum: Investing - Theory, News & General
Topic: Highest safe withdraw rate
Replies: 49
Views: 3290

Re: swimming pool pumps

Many thanks to everyone,
by hq38sq43
Wed Jan 15, 2014 9:45 am
 
Forum: Personal Consumer Issues
Topic: swimming pool pumps
Replies: 8
Views: 749

swimming pool pumps

Our pool pump has died and we are shopping for a replacement. Hayward has two we are considering, one very expensive touted as energy efficient possibly eligible for rebate or tax credit, the other "regular" about half as expensive (ca. $600). We live in SW Florida. Advice/recommendations ...
by hq38sq43
Tue Jan 14, 2014 2:24 pm
 
Forum: Personal Consumer Issues
Topic: swimming pool pumps
Replies: 8
Views: 749

Re: misguided interest in div strategies

Warren Buffett has long maintained that managers and owners of corporations should think hard about the circumstances under which earnings should be retained and under which they should be distributed as dividends. He distinguishes "restricted earnings" which must be retained to maintain o...
by hq38sq43
Sat Jan 11, 2014 1:51 pm
 
Forum: Investing - Theory, News & General
Topic: misguided interest in div strategies
Replies: 200
Views: 12613

Re: Windfall advice, please

I'd ask Vanguard about doing an "in-kind" transfer and selling there. If that's an option, see what it would cost. Then sell at whichever place is cheaper, all costs considered. (EJ may charge an outgoing ACAT transfer fee, for example.) Once at Vanguard, I'd suggest you use mutual funds,...
by hq38sq43
Thu Jan 09, 2014 11:08 am
 
Forum: Investing - Help with Personal Investments
Topic: Windfall advice, please
Replies: 18
Views: 1622

Re: How low to go on selling a rental property?

Until it attracts an offer within a range close enough to what you can accept to imply possible negotiation to an acceptable offer. Everything else is sound an fury, signifying . . .

Best wishes,
by hq38sq43
Wed Jan 08, 2014 8:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: How low to go on selling a rental property?
Replies: 33
Views: 2279

Re: Living vs. saving

It is true, as Clint Eastwood's character says in one of his movies, that tomorrow is promised to no one. However, arriving at tomorrow ill prepared can be grim. What to do? Live for today while prudently preparing for tomorrow. Penury today mindlessly hoping to enjoy affluence tomorrow is imprudent...
by hq38sq43
Sun Jan 05, 2014 8:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Living vs. saving
Replies: 75
Views: 9219

Re: Flexible premium deferred annuity

Who is the insurer?
by hq38sq43
Sun Jan 05, 2014 8:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Flexible premium deferred annuity
Replies: 7
Views: 307

Re: Leaving Financial Advisor but What to Do?

An important question that doesn't seem to have been asked or answered here is the identity of the four stocks. If the issuers are blue chip companies, having them as 16% of an otherwise well diversified portfolio does not seem risky enough to worry about. Presumably, the percentage will shrink over...
by hq38sq43
Sun Jan 05, 2014 12:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Leaving Financial Advisor but What to Do?
Replies: 38
Views: 3044

Re: How much did your credit card rewards cost you in 2013?

In aggregate, how is it possible for someone with a budget to spend "more"? I don't buy the higher price thing either. Sure, in a competitive bidding environment some people will get carried away with the emotion of the thing. But in everyday spending? I'm extremely price sensitive. For i...
by hq38sq43
Fri Jan 03, 2014 12:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much did your credit card rewards cost you in 2013?
Replies: 104
Views: 6061

Re: Retirement and my new car

When my father-in-law retired after 34 years as a code breaker with the NSA, he treated himself to the Cadillac he'd always coveted, forgoing a Mercedes he decided was too much of a stretch. Made sense to me then. Still does.

Happy New Year,
by hq38sq43
Thu Jan 02, 2014 11:08 am
 
Forum: Investing - Help with Personal Investments
Topic: Retirement and my new car
Replies: 37
Views: 2559

Re: The Bogleheads Investment Philosophy

Very best wishes to you, Taylor, for a happy and prosperous 2014.
by hq38sq43
Wed Jan 01, 2014 5:43 pm
 
Forum: Investing - Theory, News & General
Topic: The Bogleheads Investment Philosophy
Replies: 7
Views: 542

Re: What Was Your Best Portfolio move in 2013

Staying the course.

Happy New Year,
by hq38sq43
Tue Dec 31, 2013 3:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: What Was Your Best Portfolio move in 2013
Replies: 125
Views: 7038

Re: Being taxed in taxable account.

OP says he seeks to "streamline," presumably simplify, ala Einstein, Bogle, et al. Hence, put the entire inheritance in a Vanguard 2040 Target Retirement Fund and forget about it until retirement or when all or some of it is urgently needed. What could be simpler? Without details of his vo...
by hq38sq43
Mon Dec 30, 2013 9:39 pm
 
Forum: Investing - Theory, News & General
Topic: Being taxed in taxable account.
Replies: 41
Views: 1860

Re: Expiring Tax Breaks

For those that don't like to click links, here is the list of the ones the author thought most important (the article has further details): 1. Tuition and fees 2. Teachers' expenses 3. Mortgage insurance premiums 4. State and local sales tax 5. Donations through your IRA 6. Energy-efficiency 7. Com...
by hq38sq43
Sat Dec 28, 2013 9:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Expiring Tax Breaks
Replies: 17
Views: 1664

AAII Stock Superstars Portfolio

Anyone have experience with or comments about AAII's claims of market-beating returns for this portfolio?
by hq38sq43
Sat Dec 14, 2013 11:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: AAII Stock Superstars Portfolio
Replies: 2
Views: 465

Re: TSP Survey on Self-Directed Mutual Fund Window

As a senior Federal Home Loan Bank Board lawyer during the 1980s' savings and loan debacle I was tasked with determining whether the TSP could/would backstop the FSLIC deposit insurance fund. The answer was "absolutely not; that would violate our fiduciary duty to our members." I earnestly...
by hq38sq43
Thu Dec 12, 2013 4:43 pm
 
Forum: Investing - Theory, News & General
Topic: TSP Survey on Self-Directed Mutual Fund Window
Replies: 35
Views: 2323

Re: Firing an Advisor

"Firing" is such a harsh term. Why not "leaving" an advisor? Unless, of course, you believe the advisor has failed to meet reasonable performance or ethics standards, in which case "firing" would be appropriate. As a compromise, perhaps "dismissing" should be ...
by hq38sq43
Tue Nov 19, 2013 8:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Firing an Advisor
Replies: 18
Views: 1929

Re: My relatives insulted my family for 40 years and think t

Why are we spending time on this?

Best regards to all,
by hq38sq43
Thu Nov 14, 2013 10:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: My relatives insulted my family for 40 years and think they
Replies: 131
Views: 10427

Re: Best way to sell old engagement ring

Reuse it for the next engagement. Choose a girl by the size of her fingers. I did that with my the wedding ring from my first marriage that was returned. Toons, you crack me up as much as I seem to crack you up. :) How long did the second marriage last after she found out she had the ring from your...
by hq38sq43
Fri Nov 08, 2013 8:56 pm
 
Forum: Personal Consumer Issues
Topic: Best way to sell old engagement ring
Replies: 47
Views: 3694

Re: It's not different for me. Is it for you?

Wonder how that worked out for her, when the market is flying up everyone "makes" money and thinks they are geniuses. I was lucky to get burned by that pretty early so I did it with a very small sum and didn't lose to much, but definitely learned my lesson.. "Financial genius is a sh...
by hq38sq43
Thu Nov 07, 2013 6:31 pm
 
Forum: Investing - Theory, News & General
Topic: It's not different for me. Is it for you?
Replies: 54
Views: 5311
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