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Re: Retiree Poll: Do you own your primary residence?

Steelersfan wrote:Condo unit with a paid off mortgage.

No mortgage payment.

The sidewalks and driveway get the snow shoveled. The grass gets cut and the shrubs trimmed. But not by me.

Life's good!


Same here. Paid cash my condo 17 years ago.
by joe8d
Sat Sep 13, 2014 10:29 pm
 
Forum: Personal Consumer Issues
Topic: Retiree Poll: Do you own your primary residence?
Replies: 18
Views: 1544

Re: Suggestions /Advice for a fresh college graduate

Even back in my day, early 60's, political science majors ended up driving cabs and sociology grads became bartenders .
by joe8d
Fri Sep 12, 2014 8:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Suggestions /Advice for a fresh college graduate
Replies: 29
Views: 1298

Re: Three shares of stock, what to do with them?

Early this year, I received a form letter from the company offering to buy the shares at market value with no transaction costs. I accepted; mailed in the certificate; and received a check.


Yes, Call the shareholder service dept of the company and ask if they will buy them back.
by joe8d
Fri Sep 12, 2014 7:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Three shares of stock, what to do with them?
Replies: 10
Views: 707

Re: Rather macabre but necessary question

First, I'm sure you've thoroughly investigated the medical expenses that might be involved during the course of your illness. That will depend on the insurance you have now with your employer and insurance you can obtain should you stop working until you qualify for Medicare at age 65. I'm a cancer...
by joe8d
Wed Sep 10, 2014 8:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Rather macabre but necessary question
Replies: 72
Views: 5260

Re: Rather macabre but necessary question

Do you like your job enough that you look forward to going to work? Some people are lucky enough to be in that position, and if you are one of them there is no reason to quit. Perhaps you could arrange for part time work that would give you enough time for extended vacations. Ralph +1 and if you do...
by joe8d
Tue Sep 09, 2014 10:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Rather macabre but necessary question
Replies: 72
Views: 5260

Re: If you won the lottery, does boglehead thinking still wo

The boglehead method would work. Some might need an advisor to keep them from doing something stupid. Many lottery winners are bankrupt a few years after winning. For me this is all theory since I view the lottery as a tax on people who are bad at math, even worse since in education lotteries they ...
by joe8d
Sun Sep 07, 2014 10:39 pm
 
Forum: Investing - Theory, News & General
Topic: If you won the lottery, does boglehead thinking still work?
Replies: 39
Views: 2920

Re: Need advice on short-term (bond) mutual funds

Use an Online Savings account for money needed SOMETIME ( CD will pay a fraction of % higher, but with premature withdrawal penalties ) within the next 2 yrs.
by joe8d
Sun Sep 07, 2014 10:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need advice on short-term (bond) mutual funds
Replies: 10
Views: 773

Re: If you won the lottery, does boglehead thinking still wo

spectec wrote:I don't buy lottery tickets, because I think the odds of winning are essentially the same whether I buy a ticket or not.


+1
by joe8d
Sun Sep 07, 2014 10:14 pm
 
Forum: Investing - Theory, News & General
Topic: If you won the lottery, does boglehead thinking still work?
Replies: 39
Views: 2920

Re: J. Zweig - smart investors you should follow - boglehead

Sometime around 2001 I think--can't seem to find the actual article online, anyone have it?--Jason Zweig attended one of the Bogleheads meetings and wrote an article in some familiar-named financial publication, entitled "Here Come the Bogleheads!" He tells of how a photographer, taking a...
by joe8d
Sun Sep 07, 2014 9:54 pm
 
Forum: Investing - Theory, News & General
Topic: J. Zweig - smart investors you should follow - bogleheads
Replies: 19
Views: 2394

Re: Recommendations for Taxable Funds

Total Stock Market Index Fund certainly and Total International Index Fund for any foreign exposure desired.
by joe8d
Sun Sep 07, 2014 12:19 am
 
Forum: Investing - Help with Personal Investments
Topic: Recommendations for Taxable Funds
Replies: 5
Views: 362

Re: Retiree Investor Needs Advice

Note that LifeStrategy Moderate Growth is a "fund of funds"; expense ratio reflects the additional administrative overhead - at 0.16%, you're paying a slight (~0.07%) premium for the luxury of set & forget with the current four fund mix. There is no " administrative overhead &quo...
by joe8d
Sat Sep 06, 2014 10:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retiree Investor Needs Advice
Replies: 28
Views: 1597

Re: Do you consider your emergency fund part of your portfol

Toons wrote:Yes,It is a piece of the pie :happy


+1. "Savings" is what it really is and certainly part of your portfolio
by joe8d
Fri Sep 05, 2014 9:46 pm
 
Forum: Investing - Theory, News & General
Topic: Do you consider your emergency fund part of your portfolio?
Replies: 50
Views: 3026

Re: Two Questions

My recommendation is 15 -25 %. Currently I'm around 20%.
by joe8d
Fri Sep 05, 2014 9:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Two Questions [Asset allocation]
Replies: 11
Views: 767

Re: RMD Process

Gill wrote:Just another twist; There has been so much discussion here about dying without taking the RMD that year, that I've arranged to have mine transferred automatically to my taxable account every January 5th
Gill


I've been doing pretty much the same for the same reasons.
by joe8d
Fri Sep 05, 2014 9:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: RMD Process
Replies: 13
Views: 761

Re: Are there any real total bond funds?

My "Total Bond Portfolio" consists primarly of The Short Term Investment Grade Bond Fund with separate Hi Yld and NY Muni Fund holdings.
by joe8d
Fri Sep 05, 2014 9:21 pm
 
Forum: Investing - Theory, News & General
Topic: Are there any real total bond funds?
Replies: 65
Views: 2918

Re: Retiree Investor Needs Advice

I am 68 years old and have two(2) 401K accounts. Would like to roll them over into a diversified IRA or Brokerage Account with moderate risk. We will not need any income from this account to live on. Can someone advise on the best place to invest? "Moderate Risk"? Look no further,,,,Vangu...
by joe8d
Fri Sep 05, 2014 9:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retiree Investor Needs Advice
Replies: 28
Views: 1597

Re: The four most useless things financial advisers tell you

Claim earlier than age 70 only if health issues, financial distress, or for spousal benefits optimization... Well, "financial distress " might be a little strong. I took SS the day I retired for two reasons, neither involving "distress": 1. Between it and my pension it gave me a...
by joe8d
Thu Sep 04, 2014 8:11 pm
 
Forum: Investing - Theory, News & General
Topic: The four most useless things financial advisers tell you
Replies: 11
Views: 2015

Re: Coin Counting Machines

placeholder wrote:
russellh wrote:In the past I have taken coins to the post office and converted them into stamps.

I have more use for change day to day than stamps.


Does anyone else remember when you could send postage stamps instead coins for things like cereal box offers? :happy
by joe8d
Thu Sep 04, 2014 7:38 pm
 
Forum: Personal Consumer Issues
Topic: Coin Counting Machines
Replies: 58
Views: 4022

Re: Coin Counting Machines

Our library clerk has one of those plastic coin funnel contraptions. Just put coin wrapper ( free from bank ) on and drop coins in, close up and take to bank :happy
by joe8d
Wed Sep 03, 2014 9:33 pm
 
Forum: Personal Consumer Issues
Topic: Coin Counting Machines
Replies: 58
Views: 4022

Re: Has VMMXX been good to you?

It was for many years when interest rates were allowed to be "Normal".
by joe8d
Tue Sep 02, 2014 10:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Has VMMXX been good to you?
Replies: 11
Views: 622

Re: Is now a good time to buy bonds?

Jonathan Clements was recently interviewed by Vanguard.He Stated he had a 70/30 AA with the "Bond" portion being in Short Term Bonds and Bank CD's.Online savings accounts can also be used as "Bonds"
by joe8d
Tue Sep 02, 2014 10:02 pm
 
Forum: Investing - Theory, News & General
Topic: Is now a good time to buy bonds?
Replies: 18
Views: 1889

Re: Why is The Suze Orman Show showing repeats?

Summertime.
by joe8d
Mon Sep 01, 2014 11:47 pm
 
Forum: Personal Consumer Issues
Topic: Why is The Suze Orman Show showing repeats?
Replies: 20
Views: 2292

Re: What Movie Have You [Recently] Watched?

Also wish to add "The Book Thief " to my recommendations.
by joe8d
Mon Sep 01, 2014 9:58 pm
 
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 84
Views: 3581

Re: What Movie Have You [Recently] Watched?

a Japanese animation " Grave of the Fireflys " . Haven't seen it, but knowing what it's about, it must be fairly depressing? It is. It is also one of the best animated films ever made. 97% on Rotten Tomatoes. If you are willing to let a film evoke these sorts of feelings I would highly re...
by joe8d
Mon Sep 01, 2014 9:56 pm
 
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 84
Views: 3581

Re: What Movie Have You [Recently] Watched?

Recommend "Labor Day" and a Japanese animation " Grave of the Fireflys " .
by joe8d
Mon Sep 01, 2014 12:32 am
 
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 84
Views: 3581

Re: Anyone used Vanguard Flagship Services With Portfolio $1

The Free Trubo Tax is the only benefit I use.
by joe8d
Sat Aug 30, 2014 11:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Anyone used Vanguard Flagship Services With Portfolio $1M+
Replies: 41
Views: 4305

Re: Good place to buy eyeglasses without insurance?

Lenscrafters.They give a better store discount than the Insurance plan.
by joe8d
Sat Aug 30, 2014 10:44 pm
 
Forum: Personal Consumer Issues
Topic: Good place to buy eyeglasses without insurance?
Replies: 39
Views: 2502

Re: Excess RMD

cheese_breath wrote:
jsl11 wrote:Reinvest it in a taxable account.

+That's what I do. There's no IRS requirement that you have to spend the RMD.


Same.It's suprising how many people think you have to spend it :)
by joe8d
Sat Aug 30, 2014 10:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Excess RMD
Replies: 19
Views: 970

Re: Poor Janus, a look at this once high flying fund family

I did own the Janus Fund and Janus Venture back in those days.
by joe8d
Fri Aug 29, 2014 9:28 pm
 
Forum: Investing - Theory, News & General
Topic: Poor Janus, a look at this once high flying fund family
Replies: 72
Views: 7259

Re: Only need $315k non-retirement $ to retire at Age 43?

I marvel that so many relatively young people are so desperate to stop working. Isn't there a job that you're qualified for that you'd enjoy doing?


Yes, I'm 72 and still work P/T because I like to.
by joe8d
Thu Aug 28, 2014 9:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Only need $315k non-retirement $ to retire at Age 43?
Replies: 36
Views: 5287

Re: Own the same fund in multiple accounts?

livesoft wrote:Perfectly OK and natural. Why wouldn't it be?


Yes.I own several across different accounts.
by joe8d
Thu Aug 28, 2014 9:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Own the same fund in multiple accounts?
Replies: 9
Views: 930

Re: A Primer on John Templeton

Sir John got me interested in International Investing way back when.
by joe8d
Thu Aug 28, 2014 9:00 pm
 
Forum: Investing - Theory, News & General
Topic: A Primer on John Templeton
Replies: 28
Views: 2122

Re: My husband's " WILL", $ left for me to live on....

He is a cash poor but I know he is not broke. In some wired twisted way, I wish if he was actuary financially broke though. My guess is that as you dig, he will be closer to broke than you currently think he is. He might not be broke, just closer to it. I assume that he has a lot of that 7 million ...
by joe8d
Thu Aug 28, 2014 8:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: My husband's " WILL", $ left for me to live on....
Replies: 258
Views: 17303

Re: Donald Trump - The Apprentice

More interested in his current bidding to become the new owner of the Buffalo Bills.
by joe8d
Thu Aug 28, 2014 8:24 pm
 
Forum: Personal Consumer Issues
Topic: Donald Trump - The Apprentice
Replies: 27
Views: 1660

Re: Ally Bank CD

I've held a CD ladder with Ally as well as a savings account. I've since cashed in one CD upon the renewal date because they have lowered their bonus amount for renewing. As the other three CD's come due I plan not to renew them and I will transfer the cash back to my taxable Vanguard MM fund for f...
by joe8d
Wed Aug 27, 2014 10:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: Ally Bank CD
Replies: 12
Views: 1566

Re: Ally Bank CD

I've had a 1 year CD Ladder ( 4 CD's ,3 Mo. apart ) for several years w/NP. Given current very low rates for CD's ,I would recommend the Online Saving Account instead.
by joe8d
Wed Aug 27, 2014 9:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Ally Bank CD
Replies: 12
Views: 1566

Re: Bad(?) advice given about Target Date Retirement funds

Although we all agree that for the average Boglehead, buying the 4 funds inside the TR funds, getting the admiral shares, rebalancing yourself, keeping the ones that create the most taxable events in your tax-advantaged accounts, is the best way to go. I'm not sure we all agree with that. I know I ...
by joe8d
Wed Aug 27, 2014 9:29 pm
 
Forum: Investing - Theory, News & General
Topic: Bad(?) advice given about Target Date Retirement funds
Replies: 103
Views: 6443

Re: Savers vs. Spenders: Default Mode

tainted-meat wrote:I think it's hard for most people to save because most people just don't make that much money.

In my opinion, saving is more of a privilege than a norm.


Very true.
by joe8d
Tue Aug 26, 2014 10:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Savers vs. Spenders: Default Mode
Replies: 34
Views: 2232

Re: Portfolio advice for Mom at 86 years

Never thought I'd say this, but I'm inclined to agree, leave it alone. Vanguard and low cost investing are helpful in the growth phase (including early retirement). But not much is to be gained in the last ten years or so if the current situation is sustainable. Moving all the money around will cau...
by joe8d
Tue Aug 26, 2014 9:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice for Mom at 86 years
Replies: 23
Views: 1825

Re: Schwab - now endorsing Index Funds

I have a booklet written by Charles Schwab 20 years ago, advocating Index Funds.
by joe8d
Tue Aug 26, 2014 8:36 pm
 
Forum: Investing - Theory, News & General
Topic: Schwab - now endorsing Index Funds
Replies: 24
Views: 2124

Re: 87 Year Old Grandmother Has $600,000 In the Bank

I have two comments… 1. In my experience with older family members with sizable nest eggs, they have acquired them and are generally comfortable with how they are invested. So long as they are not getting ripped off, their needs are met, and they are not taking excessive risk, I do not offer unsoli...
by joe8d
Mon Aug 25, 2014 8:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: 87 Year Old Grandmother Has $600,000 In the Bank
Replies: 42
Views: 5514

Re: World news daily videos online

24 hr news:CNN, MSNBC, FOX.
by joe8d
Fri Aug 22, 2014 10:28 pm
 
Forum: Personal Consumer Issues
Topic: [Online] World news [show?]
Replies: 9
Views: 667

Re: Is the Aggregate Index Too Heavy in Treasuries?

Anyway IMO TBM funds are a dog's breakfast for which I don't understand the appeal, once and if one accepts that 'own the whole market' has less significance in fixed income than equity. Interesting. Why do you believe that owning the market is less important in fixed income? The market decides the...
by joe8d
Fri Aug 22, 2014 8:35 pm
 
Forum: Investing - Theory, News & General
Topic: Is the Aggregate Index Too Heavy in Treasuries?
Replies: 63
Views: 3243

Re: POLL: Age for Collecting Social Security Benefits

Bustoff wrote:Jeez, I try to give a lighthearted nod to Dirty Harry and I get shot down.


+1 to your Dirty Harry reference :D and your logic.In my case,I didn't feel lucky.
by joe8d
Fri Aug 22, 2014 8:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: Age for Collecting Social Security Benefits
Replies: 103
Views: 7469

Re: "The Bogleheads' Guide to Investing -- Second Edition"

"Charles J Givens wrote several huge money bestsellers, including Wealth Without Risk. Shortly before dying, Givens declared bankruptcy."


I still have my copy and in all due respect,he had some good advice at that time.
by joe8d
Thu Aug 21, 2014 9:07 pm
 
Forum: Investing - Theory, News & General
Topic: "The Bogleheads' Guide to Investing -- Second Edition"
Replies: 42
Views: 6826

Re: Reducing time spent paying bills

All on auto withdrawal even church contributions.
by joe8d
Wed Aug 20, 2014 9:01 pm
 
Forum: Personal Consumer Issues
Topic: Reducing time spent paying bills
Replies: 25
Views: 1743

Re: gifting money, and smoking

He's actually been in the hospital with pneumonia since monday now. My mom is hoping that him being forced to not smoke while in the hospital, and being told he can't smoke until the infection clears up helps him to just quit.Angelus359 Yes.the first few days of not smoking are the hardest. Being i...
by joe8d
Wed Aug 20, 2014 8:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: gifting money, and smoking
Replies: 30
Views: 2419
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