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Re: A Dictionary and a World Atlas: Recommendations?

The Random House Dictionary, 2nd edition, is the best dictionary I've ever had. It has everything that you could want: colleges, foreign languages, atlas, constitution, etc. I also own the American Heritage dictionary, which does have helpful usage notes. But if you want usage guidance, you should g...
by jjustice
Mon Apr 21, 2014 7:48 pm
 
Forum: Personal Consumer Issues
Topic: A Dictionary and a World Atlas: Recommendations?
Replies: 14
Views: 767

Re: SS Strategy Metric

What metric did I use? I saw that I had no hope of being in the 1%, but since only 2% delay social security until 70, I jumped at the chance to join that somewhat less elite group. More seriously, my metric is a variant on VictoriaF's: I choose to maximize my inflation-adjusted income for as long as...
by jjustice
Wed Apr 16, 2014 3:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: SS Strategy Metric
Replies: 55
Views: 3112

Re: GMO Forecasts now include Value and Growth

One data point from a bit less than 7 years ago gives no basis for judgment. If I recall correctly, both Bernstein and Tower have said appreciative things about these forecasts. They would seem to be an easy target of study. Anyone know of such studies? Even though one part of one forecast is virtua...
by jjustice
Wed Apr 16, 2014 2:58 pm
 
Forum: Investing - Theory, News & General
Topic: GMO Forecasts now include Value and Growth
Replies: 17
Views: 1118

Re: GMO Forecasts now include Value and Growth

SnowSkier, you meant to say that these were their 7-year forecasts as of March 31.
John
by jjustice
Wed Apr 16, 2014 10:34 am
 
Forum: Investing - Theory, News & General
Topic: GMO Forecasts now include Value and Growth
Replies: 17
Views: 1118

Re: Social Security benefits question

You can go online to My Social Security to see your own earnings history, which is used to determine your benefit.
John
by jjustice
Sun Apr 06, 2014 8:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security benefits question
Replies: 8
Views: 483

Re: Free "If You Can" Kindle

My child is too old, and my grandchildren are too young, to benefit from a book for millennials. But thanks, Bill, for all your good publications that I have enjoyed and profited from.

John
by jjustice
Thu Apr 03, 2014 1:11 pm
 
Forum: Investing - Theory, News & General
Topic: Free "If You Can" Kindle and .pdf eBook
Replies: 52
Views: 7140

Re: Vanguard 529 for new Grandson

The Coverdell ESA is a nice investment for grandchildren, but unfortunately Vanguard stopped opening new Coverdell accounts a couple of years ago. If you want to stick with Vanguard, you'll need to use only the 529.
John
by jjustice
Mon Mar 31, 2014 7:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard 529 for new Grandson
Replies: 4
Views: 486

Re: Social Security Puzzle

Thanks to everyone. This thread has confirmed my confidence in the members of this forum, and also my belief that this was indeed a puzzle. Sorry again about the confusion concerning the reality of the issue and the PIA amounts. Just to be clear, the husband would be delaying his benefit to 70 in bo...
by jjustice
Fri Mar 14, 2014 9:37 am
 
Forum: Personal Finance (Not Investing)
Topic: Social Security Puzzle
Replies: 19
Views: 1854

Re: Social Security Puzzle

Sorry. My typo was on the husband's: $20,000. I should have left it at percentages. You could also divide these numbers by 10 and treat them as monthly amounts. Only the percentages are real, and, yes, to Lady Geek, it is a real issue for a good friend. sscritic, I suspected (3) was not possible. Th...
by jjustice
Thu Mar 13, 2014 6:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security Puzzle
Replies: 19
Views: 1854

Social Security Puzzle

I offer the following puzzle. Husband and wife are healthy and the same age (within a few days), both approaching 66. They have an adult child who is disabled (Downs). The wife's PIA is 38.6% of the husband's, and the child's SSI is 32.5% of the husband's (father's) PIA. There are "family limit...
by jjustice
Thu Mar 13, 2014 3:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security Puzzle
Replies: 19
Views: 1854

Re: Help with filling out form 8889 (HSA Contributions)

Turbo Tax seems to have entered your contributions correctly by taking the code W amount from box 12 in your W2. These pre-tax contributions from you and your employer seem to be all your contributions. They go on line 9 of Form 8889, and zero on line 2. If you, or anyone else, had made post-tax con...
by jjustice
Sun Mar 02, 2014 5:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help with filling out form 8889 (HSA Contributions)
Replies: 4
Views: 393

Re: Fidelity Freedom vs. TIAA Lifecycle

Morningstar gives the TIAA-CREF Lifecycle funds a Bronze medal, while Fidelity's target-date series doesn't place.
See here for an explanation http://news.morningstar.com/articlenet/article.aspx?id=583863
John
by jjustice
Fri Feb 21, 2014 4:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Fidelity Freedom vs. TIAA Lifecycle
Replies: 4
Views: 285

Re: madsinger monthly report (January 2014)

Thanks, Brad, I look every month. A quibble: I don't see the need to have both 3 fund and LS G. Since LS G went all index, the two are only trivially different. LS G has 56% domestic, while 3 fund has 50%, and foreign is 24/30. LS G has a smidgen of foreign bonds. That said, don't drop LS G! John
by jjustice
Tue Feb 04, 2014 11:30 am
 
Forum: Investing - Theory, News & General
Topic: madsinger monthly report (January 2014)
Replies: 32
Views: 3103

Re: Medicare Supplemental Insurance Cost

Be sure to consider Medicare Advantage plans (aka Part C), which need no supplementation. It works for me, but the quality of available plans in various areas varies. Supplements? We don't need no stinking supplements!

John
by jjustice
Fri Jan 31, 2014 11:00 am
 
Forum: Personal Finance (Not Investing)
Topic: Medicare Supplemental Insurance Cost
Replies: 19
Views: 977

Re: Trying to decide between TIAA-Cref and Prudential Retire

I agree with those who have expressed a preference for TIAA-CREF. However, I would recommend that you focus on their distinctive annuity accounts. You can get mutual funds elsewhere that are as good as, or better than, those at TIAA-CREF. What you can't get elsewhere are high quality annuity account...
by jjustice
Mon Jan 27, 2014 11:39 am
 
Forum: Investing - Help with Personal Investments
Topic: Trying to decide between TIAA-Cref and Prudential Retirement
Replies: 24
Views: 1824

Re: Signing up for SS before 70

Thank you, Mike Piper, for frequently taking the time to contribute clear, concise, and well reasoned posts. I know that I speak for others as well.

John
by jjustice
Tue Jan 21, 2014 11:33 am
 
Forum: Personal Finance (Not Investing)
Topic: Signing up for SS before 70
Replies: 60
Views: 3509

Re: Target Funds?

For what it's worth, Morningstar rates Vanguard and T. Rowe Price as the two best target date providers.
http://www.morningstar.com/cover/videocenter.aspx?id=584542

John
by jjustice
Sun Jan 19, 2014 5:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Target Funds?
Replies: 21
Views: 1633

Re: Balancing Vanguard and TIAA-CREF investments

Dave, you have to work for an institution that has it in its retirement plan. Usually (always?) they are educational or medical institutions.

John
by jjustice
Sat Jan 18, 2014 12:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Balancing Vanguard and TIAA-CREF investments
Replies: 21
Views: 1029

Re: TIAA Traditional vs. Bonds - What would you choose?

I want to stress something that I believe has been mentioned only by Garco and Raywax (I may have missed it in other posts). Much of your older friend's Traditional investment will be in vintage (old) funds, which will be earning rates that may surprise you. Don't mess with an old Traditional accoun...
by jjustice
Fri Jan 17, 2014 11:32 am
 
Forum: Investing - Help with Personal Investments
Topic: TIAA Traditional vs. Bonds - What would you choose?
Replies: 43
Views: 1791

Re: Wellington

Let me suggest LifeStrategy Growth where others have suggested LS Moderate Growth. Wellington has less than 40% bonds, which are mostly corporate. LS Growth's 20% of mostly government bonds is not a bad match. I have one IRA in Wellington and the other in LS Growth. I'm delighted with both of them. ...
by jjustice
Wed Jan 15, 2014 12:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Wellington
Replies: 29
Views: 4315

Re: Balancing Vanguard and TIAA-CREF investments

I think that you're basically fine. One suggestion, you might move the money in the Bond Market annuity account to either TIAA Traditional or TIAA Real Estate. The Bond Market account doesn't have special virtues that justify its ER. Your other four annuity accounts are all better. It's not at all i...
by jjustice
Wed Jan 15, 2014 11:55 am
 
Forum: Investing - Help with Personal Investments
Topic: Balancing Vanguard and TIAA-CREF investments
Replies: 21
Views: 1029

Re: TIAA-CREF or Fidelity for 401A

TIAA-CREF offers one valuable product that Fidelity does not: annuity accounts. I suggest that you think about what portion of your funds you would like to have in the form of annuities at your retirement. You cannot do better than TIAA-CREF annuities. There are two TIAA annuities: Traditional and R...
by jjustice
Fri Jan 03, 2014 6:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: TIAA-CREF or Fidelity for 401A
Replies: 15
Views: 631

Re: Lump sum into IRA?

I lump it at the first of the year. Worked great this year. Other recent years haven't been so good. 2014 is bound to have cheaper days than in earlyJanuary, but it is simpler to have it done.

John
by jjustice
Sat Dec 28, 2013 8:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Lump sum into IRA?
Replies: 19
Views: 1252

Re: Social Security Question - Delaying Until 70

+1 for englishgirl. Sloan says: "Social Security doesn’t care when you begin taking your money because people getting lower payments for longer periods cost the system the same as people getting highers payment for shorter periods." That was true a few decades ago, but now "Social Se...
by jjustice
Tue Dec 10, 2013 3:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security Question - Delaying Until 70
Replies: 29
Views: 1750

Re: Social Security Question - Delaying Until 70

+1 for englishgirl. Sloan says: "Social Security doesn’t care when you begin taking your money because people getting lower payments for longer periods cost the system the same as people getting highers payment for shorter periods." That was true a few decades ago, but now "Social Sec...
by jjustice
Tue Dec 10, 2013 12:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security Question - Delaying Until 70
Replies: 29
Views: 1750

Re: Social Security scenario

Thanks, Sagenick48, for the Prudential paper. It is clear and helpful. It may be second only to the detailed advice that we are fortunate to get from sscritic. sscritic's option 2 looks best for 2b2. If he turns 70 before, or in the same month, his wife turns 66, he won't need to file and suspend. H...
by jjustice
Sat Dec 07, 2013 11:06 am
 
Forum: Personal Finance (Not Investing)
Topic: Social Security scenario
Replies: 23
Views: 1361

Re: Bill Bernstein: "Take risk off the table"

I've always (well, for about 25 years) found rebalancing to a tolerance band around a set allocation easy and rewarding. I do it mindlessly. But everytime the market gets unusually low or high the idea of overbalancing starts to appeal. So far, I've never done it. You would need a better metric than...
by jjustice
Tue Nov 26, 2013 2:25 pm
 
Forum: Investing - Theory, News & General
Topic: Bill Bernstein: "Take risk off the table"
Replies: 207
Views: 17033

Re: TIAA-Cref Portfolio Allocation Advice

As Wizard said, the flexibility is that you can annuitize all or part of an annuity account. In fact, you can annuitize part and later annuitize more. There are minimums for annuities ($10,000 I think). As someone may point out, you can wait until retirement and then use money in other mutual funds ...
by jjustice
Thu Nov 21, 2013 5:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: TIAA-Cref Portfolio Allocation Advice
Replies: 6
Views: 617

Re: TIAA-Cref Portfolio Allocation Advice

I think that your allocation is just fine. When I was starting out my allocation was 50% Traditional and 50% CREF Stock, and that worked out great. After a decade or more I got "sophisticated" and started making adjustments to that beginning allocation--and that worked out great also. This...
by jjustice
Thu Nov 21, 2013 11:51 am
 
Forum: Investing - Help with Personal Investments
Topic: TIAA-Cref Portfolio Allocation Advice
Replies: 6
Views: 617

Re: Why do TIAA CREF index funds have such high fees?

There may be a bit of "apples and oranges" confusion in this thread. TIAA-CREF offers two different things, both of which have been mentioned. First, they offer their original annuity accounts, which are much like mutual funds but can be annuitized in part or in full on retirement. I have ...
by jjustice
Tue Nov 19, 2013 4:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why do TIAA CREF index funds have such high fees?
Replies: 19
Views: 1616

Re: Roth 403(b) vs RothIRA

Yes, Roth 403(b)s have RMDs, but you can avoid them by rolling the Roth portion of your 403(b) into a Roth IRA (at Vanguard or elsewhere) when you retire. This is what I did.

John
by jjustice
Wed Nov 13, 2013 2:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth 403(b) vs RothIRA
Replies: 5
Views: 410

Re: Choosing funds with 403b

They're not such great choices, are they? Still, you should contribute as much as is needed to get the employer match--but probably no more. If you have more, the Roth IRAs are probably your best choice. I suggest using the 500 Index and 600 Index funds, maybe 50/50. They are expensive, but not as e...
by jjustice
Mon Nov 11, 2013 8:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Choosing funds with 403b
Replies: 8
Views: 524

Re: Article: Bonds more Risky than Stocks in the Long Run?

William Bernstein's latest ebook, Deep Risk, makes the point that bonds have a greater risk of long-term real loss. Stocks have greater shallow (short-term) risk.

John

P.S. Is this forum running on Atlantic Standard Time?
by jjustice
Wed Nov 06, 2013 11:12 am
 
Forum: Investing - Theory, News & General
Topic: Article: Bonds more Risky than Stocks in the Long Run?
Replies: 46
Views: 4215

Re: Social Security Strategies

I concur with englishgirl's answer. It maximizes benefits according to the situation presented by the OP.

No, wait a minute. A is older. If B files and suspends at FRA, then A can start spousal benefits at 69.

John
by jjustice
Mon Nov 04, 2013 3:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security Strategies
Replies: 22
Views: 2550

Re: Social Security Claiming Decision Psychology

Dirk Cotton's (corrected attribution in edit) most recent post at Retirement cafe, http://theretirementcafe.blogspot.com/ , makes the point that there are two attitudes about social security claiming. He calls one (his) "safety first." He doesn't give a label to the other, but it is a maxi...
by jjustice
Mon Oct 28, 2013 7:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security Claiming Decision Psychology
Replies: 10
Views: 1027

Re: Spouse's SS 50% before one's own

A minor clarification: she can apply two or three months before she is 66 for benefits to begin when she turns 66. My ex did this.

John
by jjustice
Mon Oct 28, 2013 7:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Spouse's SS 50% before one's own
Replies: 17
Views: 1052

Re: CREF Bond Market Account vs. Vgd Total Bond question?

The SEC yield is after expenses. In general, the CREF fund yields about .24% less than Investor Shares of TBM. Now it it's 1.68%--2.07%, which is a bit more spread than average. The yield spread does fluctuate above and below .24%. You can see this in historical comparisons.

John
by jjustice
Tue Oct 22, 2013 7:44 pm
 
Forum: Investing - Theory, News & General
Topic: CREF Bond Market Account vs. Vgd Total Bond question?
Replies: 5
Views: 372

Re: Interpreting advice without social security

Thanks, sscritic. I had not known that there were TIAA retirement plans that were not 403(b). Perhaps annuities are the only ways to withdraw money from the retirement plans? Just speculating. That's the way it was with TIAA-CREF in the olden days.

John
by jjustice
Mon Oct 21, 2013 2:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Interpreting advice without social security
Replies: 13
Views: 1124

Re: Interpreting advice without social security

I'm a bit confused. Isn't the TIAA-CREF plan that you've been in a 403(b)? Do you mean that you opened a Supplemental Retirement Account this year? In general, it seems to me that if you are putting in 10%+5% and your university is putting in 10.5% to the 403(b) funds, plus fully funding a Roth IRA,...
by jjustice
Mon Oct 21, 2013 10:00 am
 
Forum: Personal Finance (Not Investing)
Topic: Interpreting advice without social security
Replies: 13
Views: 1124

Re: William Bernstein: the paradox of wealth

I don't quite get what he's saying about PE10 - can someone translate? In exactly what way are the PE10 data indicating the possibility that equity returns may be falling? PE10 is a measure of how many dollars of capital must be invested to get a dollar of return. So if it is taking more capital fo...
by jjustice
Tue Oct 08, 2013 12:46 pm
 
Forum: Investing - Theory, News & General
Topic: William Bernstein: the paradox of wealth
Replies: 83
Views: 17544

Re: William Bernstein: the paradox of wealth

By serendipity, the NY Times just today had an essay by Stephen King (not the novelist), "When Wealth Disappears" ( http://www.nytimes.com/2013/10/07/opinion/when-wealth-disappears.html?_r=0 ) making exactly the sort of argument that Bernstein criticizes. I am not capable of adjudicating t...
by jjustice
Mon Oct 07, 2013 7:55 pm
 
Forum: Investing - Theory, News & General
Topic: William Bernstein: the paradox of wealth
Replies: 83
Views: 17544

Re: madsinger monthly report (September 2013)

I see that LifeStrategy Growth has finally pulled ahead of Wellington in the three most recent periods. Wellington has been very impressive, but I suppose that bonds have weakened and foreign equity has strengthened lately.
John
by jjustice
Fri Oct 04, 2013 2:11 pm
 
Forum: Investing - Theory, News & General
Topic: madsinger monthly report (September 2013)
Replies: 6
Views: 815

Re: How are Annuities to be Treated?

On the contrary, many of us Bogleheads have annuities. Anyone investing in TIAA-CREF before the late 90's had only annuity accounts. Some, like me, never put money into any TIAA-CREF mutual fund. All my TIAA-CREF investments are annuity accounts.
John
by jjustice
Wed Oct 02, 2013 2:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: How are Annuities to be Treated?
Replies: 13
Views: 741

Re: Medicare(regular) versus Medicare Advantage

I live in a small town (77,000) with a Medicare Advantage plan which is a PPO that seems to include every healthcare provider of any sort in the area. I pay $0/month premium with modest copays, $450 deductible, and $6,700 out-of-pocket limit. I'm quite happy with it. I'm very happy not to choose and...
by jjustice
Tue Oct 01, 2013 3:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medicare(regular) versus Medicare Advantage
Replies: 42
Views: 2351

Re: Affordable Care Act: Website Down

There are millions of people desperate to get health coverage. My daughter's family is among them, but our plan is to remain calm and carry on for at least a couple more weeks in order to let things shake out and slow down. Insurance coverage doesn't start until January first. Waiting a couple of we...
by jjustice
Tue Oct 01, 2013 3:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Affordable Care Act: Website Down
Replies: 62
Views: 4088

Re: Social Security [Claiming Early] and behavioral finance

What seems to be missing is a review of one factor: should the older spouse delay applying, so that the younger spouse might get a larger share of the spousal benefit when finally applying? The younger spouse's payment depends on her/his own age of application--not on when the other has applied. Of...
by jjustice
Tue Oct 01, 2013 11:27 am
 
Forum: Personal Finance (Not Investing)
Topic: Social Security [Claiming Early] and behavioral finance
Replies: 24
Views: 1714

Re: Social Security question about Restricted Application

Rixer, pshonore gave the correct answer to your question. There is possibly an additional benefit to this course of action. If your wife's PIA is less than half of yours, she can switch to the larger spousal benefit when you claim at 70. If her PIA is more than half of yours, the spousal benefit wou...
by jjustice
Fri Sep 27, 2013 3:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security question about Restricted Application
Replies: 16
Views: 844

Re: the importance of rebalancing

We've all heard of sequence of returns risk. I think that the rebalancing bonus is a sequence of returns reward. If stocks steadily beat bonds by just 1%, there would be no rebalancing bonus. The bonus comes from the sequence of returns, opportunities to buy lower and sell higher. I can't do the mat...
by jjustice
Thu Sep 26, 2013 2:48 pm
 
Forum: Investing - Theory, News & General
Topic: the importance of rebalancing
Replies: 12
Views: 1156

Re: surprised the broker recommended Medicare Advantage for

Medicare Advantage programs are variable. What is most important is that the health care providers that you use be included. The insurance company will have a list of providers. I'm on Medicare Advantage with a $0/month premium--yes, zero. It also includes eye care. I couldn't be happier, but the pl...
by jjustice
Sun Sep 22, 2013 7:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: surprised the broker recommended Medicare Advantage for DH
Replies: 6
Views: 721

Re: 403b Investment Allocation and Choice

There is a way to have your cake and eat it too with regard to Traditional in a GRA or RA account. Say, like littlebit, you want 20% in fixed income--and you also want to rebalance into equities when they drop enough. You will probably never use more than 3% or 4% of the fixed income to rebalance th...
by jjustice
Sun Sep 22, 2013 4:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: 403b Investment Allocation and Choice
Replies: 14
Views: 556
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