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Re: Allocation in retirement, split between taxable and IRA

You might want to look at Vanguard's non-callable 10-year brokered CDs, for a part of that taxable. As best as I can recall, they yield close to 3%. That said, there's a likelihood of buyer's remorse when interest rates rise, but you could buy in bits and pieces, effectively creating a ladder. Throw...
by john94549
Sun Apr 26, 2015 7:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Allocation in retirement, split between taxable and IRA
Replies: 5
Views: 368

Re: Your experiences of high inflation periods

My wife and I lived through the late 70's and early 80's inflation, and the only saving grace was the interest rate we received on our CDs, which were tasty. Thankfully enough, we owned during the entire period, and our interest rate paid to others never exceeded 8%*. I don't recall we ever freaked ...
by john94549
Sat Apr 25, 2015 8:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Your experiences of high inflation periods
Replies: 58
Views: 2403

Re: Tough to get a mortgage while retired?

ThankYouJack, having read a few more of your posts, you might find some resistance from bankers with respect to "counting" your retirement funds as a potential income stream. For example, when we re-fi'd, we were both over 59 1/2 and could tap our IRAs without penalty. You could not. Of co...
by john94549
Sat Apr 25, 2015 8:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tough to get a mortgage while retired?
Replies: 26
Views: 2358

Re: Is the 1% Cost of Managing Money Worth It?

As noted by poster "texasdiver", a personal CFO can justify such a fee, and many do. But the concierge service thus obtained is far and beyond that of a middling money manager. A personal CFO literally does (or should be doing) what the CFO of a large company does, and he or she is usually...
by john94549
Sat Apr 25, 2015 8:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is the 1% Cost of Managing Money Worth It?
Replies: 51
Views: 3682

Re: Do you Bogleheads really follow the 3-4% SWR rule?

No. I'm retired, but my wife still works (her choice). We're both pushing 68. I harvest the interest from a couple of CDs for my personal spending money and to augment the monthly household budget. That's it. Of course that will change when (if) my wife retires or we hit RMDs. Even then, as others h...
by john94549
Sat Apr 25, 2015 7:45 pm
 
Forum: Investing - Theory, News & General
Topic: Do you Bogleheads really follow the 3-4% SWR rule?
Replies: 47
Views: 3734

Re: As Cogntivity Slips, Financial Skills Often the First to

As someone pushing 68, I'm sure my trading skills have moderated somewhat. I'm only a tad over my benchmark.

My silly trading account is doing quite well, thank you.

Grandpa John.
by john94549
Fri Apr 24, 2015 7:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: As Cognition Slips, Financial Skills Often the First to Go
Replies: 22
Views: 1589

Re: Tough to get a mortgage while retired?

Some lenders recognize only fixed income streams, others are more reasonable. For example, when we were shopping to re-fi, one prospective lender suggested we annuitize a fair chunk of our portfolio. Our primary bank recognized a SWR of three percent of our retirement funds, and counted that. You ha...
by john94549
Fri Apr 24, 2015 7:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tough to get a mortgage while retired?
Replies: 26
Views: 2358

Re: Daycare, nanny, Montessori

Lamorinda Moms if you're in the East Bay.
by john94549
Thu Apr 23, 2015 8:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Daycare, nanny, Montessori
Replies: 16
Views: 1332

Re: Mortgage Transfer May 1st - Payment??

Make sure you understand the new servicer's policies. Is the payment to be "received" by a certain date, irrespective of the postmark? If so, make sure you mail it well in advance. The definition of "received" might vary from servicer to servicer. We chose to go with a direct pul...
by john94549
Thu Apr 23, 2015 8:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage Transfer May 1st - Payment??
Replies: 9
Views: 650

Re: Vanaguard Account Activity Alerts

Yawn. Schwab has done this, like, forever. They are called "trade notifications", and you get them via e-mail.
by john94549
Thu Apr 23, 2015 8:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanaguard Account Activity Alerts
Replies: 20
Views: 1528

Re: Alliant Credit Union Promo $50 Checking/$100 Auto Loan

Alliant absolutely offers credit cards to members. As a new member, you might need to get a "secured" card, which limits your available credit to the balance in your savings account. I did just that back in 1972 (with another institution, of course) when I was recently separated from the N...
by john94549
Thu Apr 23, 2015 7:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Alliant Credit Union Promo $50 Checking/$100 Auto Loan
Replies: 4
Views: 418

Re: tax preparer recommendation in SF Bay Area?

With complex and multiple issues, and unfiled returns, you might be asking the impossible. One might expect $250/hr, here in the Bay Area, for any reputable CPA to sort out issues and prepare current and past filings. I doubt any would offer a flat fee. But, I might be wrong.
by john94549
Thu Apr 23, 2015 7:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: tax preparer recommendation in SF Bay Area?
Replies: 4
Views: 405

Re: How much do you pay in Property Taxes?

Of course, by dint of Prop 13, our property taxes are much lower than folks who purchased later with homes of similar value. This obviously impacts the survey.
by john94549
Wed Apr 22, 2015 9:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much do you pay in Property Taxes?
Replies: 180
Views: 8816

Re: Norwesco water tanks

As a postscript, I bailed on both buying the truck and the tank. After doing the math, and with input from here and other sources, I determined I was temporarily delusional. My wife and I then calculated the "actual" amount we consume daily for "inside" purposes. We then consulte...
by john94549
Wed Apr 22, 2015 8:47 pm
 
Forum: Personal Consumer Issues
Topic: Norwesco water tanks
Replies: 17
Views: 1732

Re: Bernstein: A Decade of Super-Low Returns [1.4% for 60/40

My wife and I are pushing 68, and plan to start tapping our IRA CDs for retirement in about two years. Those CDs should cover the first fifteen years or so of retirement (above and beyond other income). Our 60/40 "portfolio" stays put until we're 85 or so; I would be quite the happy camper...
by john94549
Wed Apr 22, 2015 8:37 pm
 
Forum: Investing - Theory, News & General
Topic: Bernstein: A Decade of Super-Low Returns [1.4% for 60/40]
Replies: 232
Views: 23447

Re: Retirees: What is your SWR in retirement?

We adopted another approach. We are pushing 68, and plan to start tapping our retirement funds in about two years. The first fifteen years will be covered by our IRA CDs (along with other income), so our "SWR" on our balanced portfolio won't kick in until we're 85. At that point, I suspect...
by john94549
Wed Apr 22, 2015 8:14 pm
 
Forum: Investing - Theory, News & General
Topic: Retirees: What is your SWR in retirement?
Replies: 45
Views: 3950

Re: [retired guy said] terrible crash is coming

If one predicts "the big one" on the Hayward Fault every day until the day it happens (as it will), one day you will be right.
by john94549
Fri Apr 17, 2015 10:32 pm
 
Forum: Investing - Theory, News & General
Topic: [retired guy said] terrible crash is coming
Replies: 71
Views: 8360

Re: John Bogle's Don't Peek Challenge

I lasted less than a week.
by john94549
Fri Apr 17, 2015 10:27 pm
 
Forum: Investing - Theory, News & General
Topic: John Bogle's Don't Peek Challenge
Replies: 144
Views: 12058

Re: Bernstein: "If you've won the game, stop playing."

We did just this, roughly a decade ago. Shifted enough to fund our first fifteen years of retirement into IRA CDs. We plan to start cashing them in right about the time our RMDs commence. Everything else, equities, bond funds, we'll start tapping at age 85. Even as noted, we still have fun keeping s...
by john94549
Fri Apr 17, 2015 10:07 pm
 
Forum: Investing - Theory, News & General
Topic: Bernstein: "If you've won the game, stop playing."
Replies: 146
Views: 14767

Re: Stocks are on sale, should I buy?

PS: If you really want to get ballsy, buy UPRO today, before close of market. Buy 100 shares or so, then go out and brag. Buy 500 shares or so, brag a lot. A two-dollar swing (which is not unusual) on 500 shares, well, it buys a few pizzas. The daily delta was over four bucks today. That DOES get on...
by john94549
Fri Apr 17, 2015 2:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Stocks are on sale, should I buy?
Replies: 54
Views: 5847

Re: Stocks are on sale, should I buy?

My trading (fun money) account is basically back to 50% cash, 50% equities, which is fairly normal. Nothing to get all hot and bothered about. When Mr. Market gives us a dive, rather than a hiccup, I might deploy some cash. In brokerage accounts, commissions can eat you alive. Trading 50 shares in a...
by john94549
Fri Apr 17, 2015 2:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Stocks are on sale, should I buy?
Replies: 54
Views: 5847

Re: Would you buy 1.5 M house without AC?

Even in Lamorinda, some homes don't have A/C (but do have pipes in the slab for heat, very 1950's). We're in one of the hotter parts of Lamorinda (Lafayette), and I would dare to say we run the heat much more often than the A/C. We have central air and heat.
by john94549
Thu Apr 16, 2015 11:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Would you buy a house without AC?
Replies: 60
Views: 4625

Re: Help with ideas to buy a home in a hot market

Our daughter and son-in-law were faced with an absolute need for a larger house (one child, another on the way). The East Bay here in SF was and is a very tight market. They used the old-fashioned method: getting to know the sellers. Turns out they (the sellers) loved the idea that a young family wo...
by john94549
Thu Apr 16, 2015 11:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help with ideas to buy a home in a hot market
Replies: 14
Views: 1576

Re: yea or nay to 5 years CDs

As a general rule, a five-year ladder of five-year CDs beats just about any fixed-income, guaranteed, no ifs ands or buts, out there. I might shop around, but anywhere from 2 to 2.25% is within reason. Check my historic posts on this issue. Thanks. How do you feel about doing a proper ladder of 1, ...
by john94549
Thu Apr 16, 2015 10:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: yea or nay to 5 years CDs
Replies: 21
Views: 2438

Re: yea or nay to 5 years CDs

As a general rule, a five-year ladder of five-year CDs beats just about any fixed-income, guaranteed, no ifs ands or buts, out there. I might shop around, but anywhere from 2 to 2.25% is within reason.

Check my historic posts on this issue.
by john94549
Thu Apr 16, 2015 2:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: yea or nay to 5 years CDs
Replies: 21
Views: 2438

Re: How do you sign a document when you are POA for someone?

Before my Mom died, I was advised by her bank to sign with my name, and underneath the words "for (my Mom's name) per DPOA". I never had a problem. They did say NEVER to just sign with my Mom's name and a slash/my initials, as that might be deemed forgery. Now, were they being hyper-techni...
by john94549
Thu Apr 16, 2015 2:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Father can no longer sign his name. Looking for solutions.
Replies: 23
Views: 2265

Re: Calculating LTCG for a long-term investment

Don't forget to include splits and reverse splits in your calculations. Actually if you knew how to program developing a program to calculate all this and spit out a report wouldn't be that difficult assuming the manual process was well understood. But if the data isn't in machine readable form it ...
by john94549
Wed Apr 15, 2015 10:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Calculating LTCG for a long-term investment
Replies: 5
Views: 378

Re: Noncash Tax Deduction Over $500

For "stuff" which can reasonably be re-sold, "thrift store price" is not a bad starting place. Most thrift stores, though unwilling to assign a specific value to a donation, might suggest 10% of retail or perhaps more. My wife is a bit of a retail maven, and quite conservative wh...
by john94549
Wed Apr 15, 2015 9:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Noncash Tax Deduction Over $500
Replies: 10
Views: 982

Re: Do you wish you retired earlier?

Retired precisely on schedule (age 59 1/2), now pushing age 68. No regrets.
by john94549
Wed Apr 15, 2015 9:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you wish you retired earlier?
Replies: 28
Views: 3575

Calculating LTCG for a long-term investment

Some time ago, I asked Waddell & Reed to help me out calculating my basis for a fund held for a long, long time (in a taxable mutual fund). They did a yeoman-like analysis, going back close to 45 years. But they did it the old-fashioned way, with pen and paper, as I suspect most would need to do...
by john94549
Wed Apr 15, 2015 9:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Calculating LTCG for a long-term investment
Replies: 5
Views: 378

Re: Norwesco water tanks

Epsilon Delta, I plan to (a) buy the 300 gallon tank; then (b) fill it two thirds full; then (c) see if the truck makes it up the hill.
by john94549
Fri Apr 10, 2015 2:38 pm
 
Forum: Personal Consumer Issues
Topic: Norwesco water tanks
Replies: 17
Views: 1732

Re: Bored -- wondering about day trading for fun

To poster "debenture":

As you noted, it's just math. I recently ordered SPXU 1500 at 34. It did not fill. Out there, somewhere, folks are sitting around with 1500 shares of SPXU I do not have.
by john94549
Fri Apr 10, 2015 2:22 pm
 
Forum: Investing - Theory, News & General
Topic: Bored -- wondering about day trading for fun
Replies: 61
Views: 5613

Re: Bored -- wondering about day trading for fun

Livesoft, merely noting, not advocating. Day-traders can do math. Inasmuch as on-line folks charge a set fee for one share or a gazillion shares, it's just arithmetic. Seriously crazy day-traders plunk down $100,000 on a leveraged bet (SPXU or UPRO), then bail out when they are up a few basis points...
by john94549
Thu Apr 09, 2015 8:24 am
 
Forum: Investing - Theory, News & General
Topic: Bored -- wondering about day trading for fun
Replies: 61
Views: 5613

Re: Bored -- wondering about day trading for fun

Day-trading is a scalable activity. If you have but $1000, the commissions will eat you alive. If you have $100,000 to trade, the commissions in and out become negligible. For example, Schwab charges the same fee for trading $50,000 worth of shares as it does for trading $500 worth of shares.
by john94549
Wed Apr 08, 2015 7:43 pm
 
Forum: Investing - Theory, News & General
Topic: Bored -- wondering about day trading for fun
Replies: 61
Views: 5613

Re: Money saved for house in bonds?

For a very-short-term, saving-for-a-specific-purpose goal, I wouldn't get too fancy. On-line, garden-variety savings accounts these days offer 1% and FDIC or NCUA guarantees. Technically, your funds might lose a tad to inflation, but I suspect it will be a rounding error when compared to the negotia...
by john94549
Wed Apr 08, 2015 4:59 am
 
Forum: Investing - Help with Personal Investments
Topic: Money saved for house in bonds?
Replies: 6
Views: 610

Re: Norwesco water tanks

As an up-date, I finally determined that water haulers were totally disinterested in delivering re-cycled water, as much more can be obtained (by them) trucking potable water to ranchers locally whose wells have literally run dry. Ranchers just south of us are paying $2000/mo for potable water for t...
by john94549
Tue Apr 07, 2015 9:04 pm
 
Forum: Personal Consumer Issues
Topic: Norwesco water tanks
Replies: 17
Views: 1732

Re: Good 5 year jumbo or regular CD rate ?

2.25% is pretty much the "going rate" for the 5-yr. That said, you might be able to shop for hot deals at Ken Tumin's blog. http://www.depositaccounts.com/blog Thank our lucky stars, we don't yet have negative interest rates. Ironically enough, our libor-based adjustable just went up a few...
by john94549
Sat Apr 04, 2015 8:30 pm
 
Forum: Investing - Theory, News & General
Topic: Good 5 year jumbo or regular CD rate ?
Replies: 7
Views: 1764

Re: No AA for the wealthy ?

Bucket strategies seldom go out over what I would consider a long period of time. If you have enough at age 70 to go out 15 years with your IRA CDs, that's a bucket. Tap your other investments at age 85, another bucket.
by john94549
Sat Apr 04, 2015 4:00 am
 
Forum: Investing - Help with Personal Investments
Topic: No AA for the wealthy ?
Replies: 25
Views: 2698

Re: Norwesco water tanks

While the sanitary district basically gives away the water (as I noted), the devil's in the details; my preferred tank is basically unavailable in CA. The shipping cost would roughly equal the tank cost. Which gets us back to the Norwesco #41370, which is stocked in CA. Tanks aside, the local water ...
by john94549
Thu Apr 02, 2015 8:54 pm
 
Forum: Personal Consumer Issues
Topic: Norwesco water tanks
Replies: 17
Views: 1732

Re: If long-term, why not just go really high risk?

Ironically enough, my parents bought me a mutual fund over 50 years ago (UNSCX), when I was 21 (I'm now 67, pushing 68). I suspect I'm the closest Boglehead you have to a representative sample. Whether I would have done better in a CD ladder, or something else, well, I'll leave that to others. I do ...
by john94549
Thu Apr 02, 2015 12:02 am
 
Forum: Investing - Theory, News & General
Topic: If long-term, why not just go really high risk?
Replies: 49
Views: 4981

Norwesco water tanks

We are attempting to shift as much outdoor watering to re-cycled water as possible. To that end, we are looking at Norwesco above-ground water tanks. The concept would be to have the local water re-cycle truck pull up to our house every week or so, fill the tank with re-cycled water, and water witho...
by john94549
Wed Apr 01, 2015 11:08 pm
 
Forum: Personal Consumer Issues
Topic: Norwesco water tanks
Replies: 17
Views: 1732

Re: Deferring SS & IRA distributions until 70 & future taxes

We will also be saying aloha to the 15% marginal bracket at 70.
by john94549
Mon Mar 30, 2015 11:26 am
 
Forum: Personal Finance (Not Investing)
Topic: Deferring SS & IRA distributions until 70 & future taxes?
Replies: 9
Views: 612

Re: Smartest Financial Move You Ever Made

Embarking on a program, about a decade ago, to set aside enough in a CD ladder to fund our first fifteen years or so of retirement (aside from other sources of income). We're 67, pushing 68, and plan to start tapping those CDs at 70. Our balanced funds, and other stocks and bonds, well they can wait...
by john94549
Sun Mar 29, 2015 8:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Smartest Financial Move You Ever Made
Replies: 139
Views: 13791

Re: WSJ Delivery Record - Dismal

Our print newspapers have (wisely) consolidated all deliveries. Whether it be the Chronicle, WSJ, or NYT, it's all the same delivery person. I don't know who they choose, but our local service is excellent. I do know I had a real problem with delivery some time back, and called the NYT directly. The...
by john94549
Sun Mar 29, 2015 8:16 pm
 
Forum: Personal Consumer Issues
Topic: WSJ Delivery Record - Dismal
Replies: 25
Views: 1947

Re: Best Way to Visualize Compounding

I might take exception to your basic assumptions. For example, "investing" entails risk, and does not guarantee anything, much less compounding. As to "cash", a prudently-maintained CD ladder (say, of 5-yr CDs) both compounds (if retail) and bests inflation, at least at today's r...
by john94549
Sun Mar 29, 2015 7:22 pm
 
Forum: Investing - Theory, News & General
Topic: Best Way to Visualize Compounding
Replies: 40
Views: 3376

Re: Sector ETFs instead of VTI

I would answer in order: (a) yes; (b) no; (c) yes.
by john94549
Sat Mar 28, 2015 1:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Sector ETFs instead of VTI
Replies: 5
Views: 475

Re: 'Work from Home' Opportunities..?

(She) has started some online page where people can go and buy products through her link. Let us know how this might work. Assuming a prospective purchaser actually does (a) find her page, then (b) clicks on her link, which (c) directs the prospective purchaser to the actual seller, who (d) actuall...
by john94549
Sat Mar 28, 2015 1:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: 'Work from Home' Opportunities..?
Replies: 20
Views: 2329

Re: Going over gift tax limits

It really takes some effort (and considerable wealth) to exceed the lifetime exclusion. I doubt that hunting down non-filers among those who gift modestly above the threshold is high on the IRS's priorities. I suspect the IRS has a fair idea of the extremely tiny percent of the mega-rich who should ...
by john94549
Wed Mar 25, 2015 9:49 am
 
Forum: Personal Finance (Not Investing)
Topic: Going over gift tax limits
Replies: 20
Views: 1681

Re: SPIA: Northwestern Mutual vs New York Life

My Mom had an annuity with NWM. Excellent service, if that matters.
by john94549
Wed Mar 25, 2015 9:27 am
 
Forum: Personal Finance (Not Investing)
Topic: SPIA: Northwestern Mutual vs New York Life
Replies: 17
Views: 1453

Re: Anyone concerned about their bond holdings?

As one with the vast majority of fixed-income in CDs, I would welcome any rate hike.
by john94549
Sat Mar 21, 2015 5:20 pm
 
Forum: Investing - Theory, News & General
Topic: Anyone concerned about their bond holdings?
Replies: 58
Views: 5920
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