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Re: Hypothetical Question

my withdrawal rate will be dictated by RMD when the time comes You should be aware that your withdrawal rate is determined by your need for money to spend. The RMD is only the government making you pay some taxes. If you need more than the RMD, of course you will withdraw more. However, if you need...
by jsl11
Fri Sep 19, 2014 8:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Hypothetical Question [Portfolio help]
Replies: 10
Views: 582

Re: In what year is January Social Security deposit taxed

IIRC, SS income is taxed in the year it is paid.
Jeff
by jsl11
Thu Sep 18, 2014 2:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: In what year is January Social Security deposit taxed
Replies: 1
Views: 284

Re: Air Purifier for Allergies

There is an alternative approach if you have forced air heating and cooling. Furnace filters come with different filtering ability. The last time I looked, Home Depot had 4 levels of filters. I had a situation where we inadvertently brought an allergen into the house. The doctor said it was probably...
by jsl11
Wed Sep 17, 2014 12:01 pm
 
Forum: Personal Consumer Issues
Topic: Air Purifier for Allergies
Replies: 21
Views: 1043

Re: Most cost effective means of protecting physical assets

Insurance is a must. In addition to theft, it provides protection against fire, and provides liability coverage as well. An alarm system is also worthwhile. Although the police cannot respond immediately, the alarm system should include a loud alarm that goes off inside the house. So, the burglars k...
by jsl11
Mon Sep 15, 2014 8:44 pm
 
Forum: Personal Consumer Issues
Topic: Most cost effective means of protecting physical assets
Replies: 50
Views: 3862

Re: Good hobby for a bright/obsessive 9 year old?

If he has the interest, I highly recommend music lessons to learn a band instrument of his choice. Being in the band at school has a number of advantages: 1. He will learn to take a disciplined approach to things. Learning an instrument takes practice. 2. He will learn to appreciate different types ...
by jsl11
Mon Sep 15, 2014 6:40 pm
 
Forum: Personal Consumer Issues
Topic: Good hobby for a bright/obsessive 9 year old?
Replies: 73
Views: 3010

Re: Costco vs Amazon?

I confess to not having been in one of these warehouse type stores in some time....do they still sell items only in large quantity packaging? just thinking about the perishability factor. BFG It depends on the item. Some items are sold in large packages. Some items are sold in multiple small packag...
by jsl11
Sat Sep 13, 2014 10:54 am
 
Forum: Personal Consumer Issues
Topic: Costco vs Amazon?
Replies: 60
Views: 4491

Re: Refrigerator problem

Have you cleaned the dust off the coils recently? Cleaning coils of the refrigerator is a myth. Do a google search. It does nothing to save energy or to make the refrigerator run more efficiently. This may depend on the model. We had a refrigerator in our previous house where it was necessary. When...
by jsl11
Fri Sep 12, 2014 10:47 am
 
Forum: Personal Consumer Issues
Topic: Refrigerator problem
Replies: 14
Views: 993

Re: Home purchase negotiation: credit or reduced price?

I'm in the process if buying a home and am asking the seller for some fairly major repairs. Is there a rule of thumb for whether it is better for me financially to ask for a price reduction, credit, or have the sellers make the repairs? I would be concerned that if the seller made the repairs, they...
by jsl11
Wed Sep 10, 2014 2:29 am
 
Forum: Personal Finance (Not Investing)
Topic: Home purchase negotiation: credit or reduced price?
Replies: 17
Views: 1187

Re: RMD Process

I have both stocks and bonds in my IRA. I withdraw from the category which is over my target allocation.
Jeff
by jsl11
Fri Sep 05, 2014 10:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: RMD Process
Replies: 13
Views: 769

Re: Lawnmower/gas issues

I don't know what part of the country you are in. However, in my area, we cut grass only part of the year, and the mower sits in the garage or shed all winter without being used. If this is your situation, here is a regimen I followed that was successful for many years: 1. Before putting the mower a...
by jsl11
Fri Sep 05, 2014 1:46 am
 
Forum: Personal Consumer Issues
Topic: Lawnmower/gas issues
Replies: 48
Views: 2021

Re: POLL: What was the first stock you ever bought?

Intention was for a "buy and hold" stock. (30+ years?) I would suggest that no individual stock should be bought as a "buy and hold" investment. Even the seemingly best companies can fall on hard times over a period that long. Strange unpredictable things can happen, such as the...
by jsl11
Thu Sep 04, 2014 4:00 pm
 
Forum: Investing - Theory, News & General
Topic: POLL: What was the first stock you ever bought?
Replies: 74
Views: 2757

Re: Going to be need to purchase a new car soon, need help

Late model Toyotas and Hondas are good choices. However, you will find that they are more expensive than other makes. You may do better with makes that are reliable, yet somewhat less desirable, such as Hyundai, Kea, or Mazda. The April issue of Consumer Reports has good information on the best used...
by jsl11
Thu Sep 04, 2014 3:53 pm
 
Forum: Personal Consumer Issues
Topic: Going to be need to purchase a new car soon, need help
Replies: 33
Views: 2448

Re: How do you keep your electricity bill low?

Install and use ceiling fans. For moderately hot weather, you can get by with just the fans. For hotter weather, using the fans will allow you to set the thermostat to a higher temperature and still maintain comfort. Fans do not use very much electricity, and certainly a lot less than the AC.
Jeff
by jsl11
Wed Sep 03, 2014 11:24 pm
 
Forum: Personal Consumer Issues
Topic: How do you keep your electricity bill low?
Replies: 123
Views: 9154

Re: Costco:is it worth it for just two people?

Costco pro tip: Avoid going during the weekends or right after work like 5-7 P.M. on weekdays to avoid the chaos. Another Costco pro tip: Look for prices ending in 97 cents. These are unadvertised specials scattered throughout the store. The savings can be significant, but you have to wander the st...
by jsl11
Wed Sep 03, 2014 11:01 pm
 
Forum: Personal Consumer Issues
Topic: Costco:is it worth it for just two people?
Replies: 143
Views: 10922

Re: Allcation when uncertain of when the money is needed

Asset allocation is a personal thing. In your situation, some people would be very comfortable at 60/40. However that allocation would make others very uneasy. You have the ability to take significant risk, but little need to do so. Keep in mind that a bear market may reduce your portfolio by 50% of...
by jsl11
Wed Sep 03, 2014 10:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Allcation when uncertain of when the money is needed
Replies: 8
Views: 628

Re: how to withdraw from the IRA during retirement

Wait, you have to file quarterlies when you're getting tIRA withdrawals? Even if Vanguard is withholding tax and (I assume) sending it in to the IRS itself? I hadn't thought about this part and am about to start withdrawals and conversions next year. Withdrawals of pre-tax money from a traditional ...
by jsl11
Tue Sep 02, 2014 2:14 am
 
Forum: Personal Finance (Not Investing)
Topic: how to withdraw from the IRA during retirement
Replies: 13
Views: 1394

Re: Age in Stocks: Should you have a Reverse Glidepath?

These conclusions are based on historical data. We don't know that future markets will give the same result. In addition, many retirees (perhaps most), feel that when they have achieved sufficient resources to fund a comfortable retirement, their primary objective is capital preservation, aka, don't...
by jsl11
Mon Sep 01, 2014 2:28 pm
 
Forum: Investing - Theory, News & General
Topic: Age in Stocks: Should you have a Reverse Glidepath?
Replies: 21
Views: 1349

Bogleheads in Consumer Reports Magazine

The October 2014 issue of Consumer Reports mentions the Bogleheads. In an article on retirement planning, there is a feature box titled "Why women should think differently about retirement planning". One of the suggestions is "Educate yourself about planning" Under that heading i...
by jsl11
Sat Aug 30, 2014 2:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Bogleheads in Consumer Reports Magazine
Replies: 6
Views: 943

Re: Costco:is it worth it for just two people?

Costco used to be a haven of quality at excellent prices. sadly, though we joined for these high quality items, now costco seems focused increasingly on the 'value/private label trend' which means high quality brands are being replaced with uncertain quality rebranded stuff. If you haven' tried the...
by jsl11
Sat Aug 30, 2014 1:01 pm
 
Forum: Personal Consumer Issues
Topic: Costco:is it worth it for just two people?
Replies: 143
Views: 10922

Re: Costco:is it worth it for just two people?

We are a retired couple and our executive membership pays for itself. It is true that some items come in such large quantities that we cannot use them. However, we just skip those items and there are plenty of others that work out just fine. Keep in mind that most non-food items do not require bulk ...
by jsl11
Sat Aug 30, 2014 12:59 pm
 
Forum: Personal Consumer Issues
Topic: Costco:is it worth it for just two people?
Replies: 143
Views: 10922

Re: Excess RMD

Reinvest it in a taxable account.
by jsl11
Sat Aug 30, 2014 12:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Excess RMD
Replies: 19
Views: 973

Re: Induction Range Worth the Price?

You may not be familiar with induction cooking. I'm not. That is why I said nothing about it. I just wrote about the alternative OP was considering. lot of people expect gas and have the same misunderstands about induction that jsl11 had. I understand induction perfectly well. However, I wrote abou...
by jsl11
Fri Aug 29, 2014 10:45 am
 
Forum: Personal Consumer Issues
Topic: Induction Range Worth the Price?
Replies: 14
Views: 1117

Re: Induction Range Worth the Price?

Smooth top ranges look nice if they are well maintained and not abused. There are some cautions you need to follow with them. 1. Any spills should be cleaned up ASAP so things don't cook onto the surface. There are special polishes available for this purpose. Be extra careful not to get plastic wrap...
by jsl11
Fri Aug 29, 2014 1:38 am
 
Forum: Personal Consumer Issues
Topic: Induction Range Worth the Price?
Replies: 14
Views: 1117

Re: Savers vs. Spenders: Default Mode

I would suggest that some people, strive to achieve a balance between spending and saving. These people would be
neither "spenders" nor "savers".
Jeff
by jsl11
Wed Aug 27, 2014 12:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Savers vs. Spenders: Default Mode
Replies: 34
Views: 2234

Re: Backdoor Roth IRA Timing Question

Why not tell Schwab that if they want to keep you as a happy client, they should give you the bonus for adding to the 401k?
Jeff
by jsl11
Mon Aug 25, 2014 8:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA Timing Question
Replies: 10
Views: 871

Re: Zegna Suits

For a big occasion, you can rent a tuxedo for much less and you will look really sharp.
Jeff
by jsl11
Sun Aug 24, 2014 2:56 pm
 
Forum: Personal Consumer Issues
Topic: Zegna Suits
Replies: 197
Views: 9489

Re: Should I fix a "totaled" car

I had a car repaired that was seriously damaged. Since it was a Toyota, the value was high enough that the insurance company did not declare it "totaled". The car was never the same after it was repaired. Although I really liked the car before the accident, I traded it in less than a year ...
by jsl11
Sun Aug 24, 2014 1:18 am
 
Forum: Personal Consumer Issues
Topic: Should I fix a "totaled" car
Replies: 37
Views: 2610

Re: Saving for a car

Keep in mind that you may need to buy a car much sooner than planned. Things, such as theft and crashes, can occur at any time. If such an event should happen, you may get an insurance payment, but you may wish to spend more than that on the new car. If that money is tied up in a bond fund, you may ...
by jsl11
Sat Aug 23, 2014 4:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Saving for a car
Replies: 20
Views: 1644

Re: Help - my IRA got distributed without my instructions

Thanks for the replies, all. This is truly a great community. I have the savings to make up the 4k, so here is my understanding of next steps: 1. deposit the 36k check from the old ira into my account; will they send me some tax document for the withholding? 2. send a 40k check to the new IRA accou...
by jsl11
Sat Aug 23, 2014 2:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help - my IRA got distributed without my instructions
Replies: 9
Views: 1091

Re: Help - my IRA got distributed without my instructions

You can, and should do a rollover within 60 days to a new IRA account. However, the old account was 40K, so the new account must also be 40k to avoid taxes and penalties. Accordingly, you need to use the 36K distribution and an additional 4K in other money when you open your new IRA. You can get the...
by jsl11
Sat Aug 23, 2014 10:45 am
 
Forum: Personal Finance (Not Investing)
Topic: Help - my IRA got distributed without my instructions
Replies: 9
Views: 1091

Re: Good place to buy eyeglasses without insurance?

Costco is an excellent place to get good glasses inexpensively. My glasses are bifocals with UV and scratch coatings in titanium frames. The total cost was about $190. My family has bought several pairs over the years and we have always been happy with them.
Jeff
by jsl11
Thu Aug 21, 2014 4:42 pm
 
Forum: Personal Consumer Issues
Topic: Good place to buy eyeglasses without insurance?
Replies: 39
Views: 2510

Re: Lipitor at Costco with Membership

Wow I had no idea some meds are free! Why would any co give an Rx for free? It gets you into their store. They will also make you wait for the prescription on the hope that you will do some shopping while you are there waiting. They figure to make more profit on your other purchases than the medici...
by jsl11
Thu Aug 14, 2014 1:25 am
 
Forum: Personal Consumer Issues
Topic: [Low cost] Lipitor
Replies: 13
Views: 1578

Re: 3.3% Vanguard 10 year CD

When comparing a 10-year CD with a 5-year CD, the only question to consider is what would the rate be 5 years from now on a second 5-year CD. If the rate 5 years from now is higher by an amount such that the two 5-year CDs in series is higher than the 10-year CD you can buy now, then the 5-year is b...
by jsl11
Sat Aug 09, 2014 6:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: 3.3% Vanguard 10 year CD
Replies: 99
Views: 9983

Re: Question re- EE Bonds

Some banks (most?) will redeem them if you have an account. If you do not have an account, the limit is $1000 IIRC. If you cannot find a bank to redeem them, they can be redeemed by mail to the Treasury Dept. The forms and instructions are on http://www.savingsbonds.gov. However, if they are earning...
by jsl11
Fri Aug 08, 2014 2:23 am
 
Forum: Personal Finance (Not Investing)
Topic: Question re- EE Bonds
Replies: 18
Views: 1651

Re: What Used Car Should I Get for <10K

The current new Camry is a 14.5 model. It is the same as the 14, except they made the backup camera standard. For 20K, you should be able to find a new 14 if they are still around. Also, if you can wait a few months, the 15's will be out, and you should be able to get a good price on a 14.5.
Jeff
by jsl11
Thu Aug 07, 2014 10:41 am
 
Forum: Personal Consumer Issues
Topic: What Used Car Should I Get for <10K
Replies: 30
Views: 2491

Re: What Used Car Should I Get for <10K

dickenjb wrote:Spend 16K and get a low mileage 2011 Camry. That gets you the latest safety features including Electronic Stability Control (estimated to save more lives than seatbelts!) and side curtain airbags.

The 2010 Camry is almost indistinguishable from the 2011 model.
Jeff
by jsl11
Wed Aug 06, 2014 4:55 pm
 
Forum: Personal Consumer Issues
Topic: What Used Car Should I Get for <10K
Replies: 30
Views: 2491

Re: What Used Car Should I Get for <10K

Pick up a Consumer's Reports car buying guide at the mag stand. Reliability is compiled from an annual survey (I participate each year). A quick summary: late model Accord or Camry as mentioned above. They are the leaders in the mid-sized sedans for good reason, but the CR guide provides year speci...
by jsl11
Wed Aug 06, 2014 2:06 pm
 
Forum: Personal Consumer Issues
Topic: What Used Car Should I Get for <10K
Replies: 30
Views: 2491

Re: NE Ohio (Cleveland Area) Master Thread

The meetings run from 10:00 AM to roughly noon.
Jeff
by jsl11
Tue Aug 05, 2014 11:21 am
 
Forum: Local Chapters and Bogleheads Community
Topic: NE Ohio (Cleveland Area) Master Thread
Replies: 22
Views: 2486

Re: Planning for Minimum Required Distributions

Also please do not plan to withdraw 3.6%, but rather take the sum of the 12/31/2014 FMV's of your two IRA's and divide by 27.4 It is actually more like 3.65% but the only approved method is to divide by the divisor. Any amounts not distributed will be penalized at 50%. Amen to that. The rules say t...
by jsl11
Tue Aug 05, 2014 11:15 am
 
Forum: Investing - Help with Personal Investments
Topic: Planning for Minimum Required Distributions
Replies: 12
Views: 597

Re: High School Reunions--Have you attended?

I have attended several reunions over the years, and they were fun and interesting, but nothing really special. However, while I was in high school, I played in the band and orchestra. A few years ago, my classmates organized an instrumental music department reunion. Although this included roughly 1...
by jsl11
Mon Aug 04, 2014 2:10 am
 
Forum: Personal Consumer Issues
Topic: High School Reunions--Have you attended?
Replies: 79
Views: 5225

Re: Do I need umbrella insurance?

This seems illogical. Why wouldn't they sell to someone with little exposure to liability? Because it doesn't sound like the OP has primary liability insurance in his name which is generally how umbrella works. It would seem that he would need to also have renter's insurance on his belongings. That...
by jsl11
Sat Aug 02, 2014 11:35 am
 
Forum: Personal Finance (Not Investing)
Topic: Do I need umbrella insurance?
Replies: 26
Views: 3056

Re: Sam's Club Mastercard Deal

I have Costco but got the sam's groupon deal last week.. since I needed tire repair in the tires I bought from Sam's a few years ago. Thinking about this card as well. Does anyone know if Costco amex will be matched to something similar? 5% back on gas is hard to say no to, especially at Sams. I ge...
by jsl11
Fri Aug 01, 2014 12:49 pm
 
Forum: Personal Consumer Issues
Topic: Sam's Club Mastercard Deal
Replies: 7
Views: 763

Re: Quick question on Credit Card Interest

Thx for the replies. I called them and figured it out. Essentially I'm paying off the prior months purchases so buying stuff in august won't incur me interest This true only if your previous month balance was also paid in full. Once you have an unpaid balance, they calculate interest on an the aver...
by jsl11
Thu Jul 31, 2014 3:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Quick question on Credit Card Interest
Replies: 10
Views: 926

Re: state income tax withheld from IRA distribution?

I do not believe it is that expensive when the mechanism is already in place. All Vanguard would need is an account number to transfer into for each state, and the taxpayer ID number to credit the proper account. Vanguard already has our taxpayer ID numbers. Accordingly, it would be just a simple ch...
by jsl11
Wed Jul 30, 2014 1:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: state income tax withheld from IRA distribution?
Replies: 44
Views: 1947

Re: Wise to split $$ between Vanguard and advisor?

It seems that you are mixing investment management and financial planning. These are two different things. Why not consider Vanguard for investment management, and get financial planning from a financial planner who does not invest the money. The financial planner could be on retainer, or could be p...
by jsl11
Wed Jul 30, 2014 10:53 am
 
Forum: Investing - Help with Personal Investments
Topic: Wise to split $$ between Vanguard and advisor?
Replies: 38
Views: 2338

Re: state income tax withheld from IRA distribution?

Vanguard will not withhold income tax for Ohio. If I make an IRA withdrawal, I must make other arrangements to pay the tax. It is an inconvenience, and I have asked them to change the policy. So far, they have not. Jeff Yes, Ohio is one of the states subject to the fifth rule, i.e., it is not liste...
by jsl11
Wed Jul 30, 2014 10:32 am
 
Forum: Personal Finance (Not Investing)
Topic: state income tax withheld from IRA distribution?
Replies: 44
Views: 1947

Re: state income tax withheld from IRA distribution?

Vanguard will not withhold income tax for Ohio. If I make an IRA withdrawal, I must make other arrangements to pay the tax. It is an inconvenience, and I have asked them to change the policy. So far, they have not.
Jeff
by jsl11
Wed Jul 30, 2014 1:04 am
 
Forum: Personal Finance (Not Investing)
Topic: state income tax withheld from IRA distribution?
Replies: 44
Views: 1947

Re: Which is King: Income Stream or $ Invested

I would suggest that the answer is "some of each". Having a guaranteed income stream is important, but it is not the only thing. Having total return on investments is important as well (inflation hedge, etc.). As in most investing considerations, diversification is a good thing.
Jeff
by jsl11
Tue Jul 29, 2014 3:37 pm
 
Forum: Investing - Theory, News & General
Topic: Which is King: Income Stream or $ Invested
Replies: 52
Views: 4609

Re: How does car trade-in works?

Trade in prices can vary considerably. The last time I traded in a car, I traded in a Toyota. The Toyota dealer gave me a much better price than the Honda dealer. It all depends on how much they like your car. My car was an older one in nice shape. The Toyota dealer could put it on his lot. The Hond...
by jsl11
Tue Jul 29, 2014 1:51 pm
 
Forum: Personal Consumer Issues
Topic: How does car trade-in work?
Replies: 71
Views: 4468

Re: Cell phone control devices for teen drivers?

Unfortunately my daughter is one of those scatter-brained kids who lives with her cell phone surgically attached. If this is the case, she should not be driving a car. One solution would be that you keep her cell phone when she drives. Trade the car keys for the phone. When she gets back, and gives...
by jsl11
Tue Jul 29, 2014 2:34 am
 
Forum: Personal Consumer Issues
Topic: Cell phone control devices for teen drivers?
Replies: 36
Views: 1728
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