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Re: When to consider buying long-term care insurance?

It would be interesting to hear from those who have purchased LTCi within the last 0-3 years , and see what their calculations were. I just do not see how the numbers add up. - How does the policy provide increasing benefits to somehow approximate the true costs 15-25 years in the future? - How doe...
by jwa
Wed Jun 05, 2013 1:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: When to consider buying long-term care insurance?
Replies: 64
Views: 4006

Re: future tenant wants to start a day care

Make sure prospective tenant is: a) licensed from the state/city to provide such a service along with any potential employees of the business, b) has a very large liability policy in the name of said business, c)you obtain a separate insurance policy (liability) against trips,falls,etc d)is your in...
by jwa
Wed Jun 05, 2013 1:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: future tenant wants to start a day care
Replies: 23
Views: 1962

Re: when do you need umbrella insurance?

I pay $140 a year with Auto Owners. Not trying to advertise them but since State Farm was mentioned I thought I'd throw another alternative out. Pricing will vary by each individual circumstance. Living in a large city vs a small city will make a difference. Living in a state or county with a high l...
by jwa
Wed Jun 05, 2013 1:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: when do you need umbrella insurance?
Replies: 24
Views: 1969

Re: Opinions on recent Boglehead convert portfolio

Have you made a mistake? Nope

Are your in-laws making a mistake - Yep

Press forward with your decision and you won't regret it.
by jwa
Tue Jun 04, 2013 5:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Opinions on recent Boglehead convert portfolio
Replies: 16
Views: 1025

Re: When to consider buying long-term care insurance?

I'm confused. Almost everyone on this thread believes LTCi is needed and that is a given. Several months back I read a long thread where many were for the purchase of this coverage. Just as interesting it seemed there were just as many Bogleheads who were against it and some of these Bogleheads were...
by jwa
Sun Jun 02, 2013 1:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: When to consider buying long-term care insurance?
Replies: 64
Views: 4006

Global markets in turmoil

That's the head line on the CNN web site. Sure glad I am now a Boglehead as I can ignore that noise. :)
by jwa
Thu May 23, 2013 10:06 am
 
Forum: Investing - Theory, News & General
Topic: Global markets in turmoil
Replies: 19
Views: 2069

Re: Vanguard Cafe Coffee

This thread is going to brew up some trouble I can tell. Sorry for the bad pun as I've long bean a bad comic. I caffein my toes, where are they? I use to know a lot of puns about java but I can't remember them now as I have a bad case of Indonesia.

Sorry - back to work for me.
by jwa
Tue May 14, 2013 2:33 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard Cafe Coffee
Replies: 12
Views: 2105

Re: Article: Brokers going the way of the Horse n Buggy

& they didn't even mention all of the Bogleheads who don't even use electronic brokerages.
by jwa
Tue May 14, 2013 2:18 pm
 
Forum: Investing - Theory, News & General
Topic: Article: Brokers going the way of the Horse n Buggy
Replies: 8
Views: 1411

Re: Buying equities during retirement

I am 50/50 and not retired but will be in the not distant future. At this juncture, this is where I intend to stay and yes I would rebalance into equities. As I say that, though, Dr. Bernstein's advice to take money off of the table has a lot of appeal to me. Two portfolios with 20 to 25 times of ba...
by jwa
Mon May 13, 2013 11:38 am
 
Forum: Investing - Theory, News & General
Topic: Buying equities during retirement
Replies: 31
Views: 1738

Re: Short Interview with CBS on David Stockman's book

Thanks for posting the interview. You confirmed my thinking on the book. I stopped by a Barnes & Noble recently and saw it on the stand and took a few minutes to review it. I thought it might be interesting to read but for entertainment purposes but not for taking action on anything he wrote. Wh...
by jwa
Tue May 07, 2013 6:56 pm
 
Forum: Investing - Theory, News & General
Topic: Short Interview with CBS on David Stockman's book
Replies: 2
Views: 539

Re: 4% rule and dying broke

Sometimes I make comments that seem to me to be relevent to the discussion at hand but everyone else wonders where in the world I am coming from. I hope this isn't one of those instances. I read Dr Pfau's white paper on the danger of the 4% withdrawal rate when real interest rates are this low. As I...
by jwa
Tue May 07, 2013 6:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: 4% rule and dying broke
Replies: 62
Views: 6018

Re: So I read a fair share of books and I finally feel like

Are you looking to buy individual securites or mutual funds. With what you listed, I think the former and not the latter. If so, this is a group that by and large buys mutual funds and selects an asset allocation. Not many of us are good stock pickers and by and large we are skeptical of those who c...
by jwa
Tue May 07, 2013 6:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: [US Citizen in Europe] So I read a fair share of books and..
Replies: 6
Views: 685

Re: The application for healthcare exchange

I will be interested in the logistics of premium payments. Once a plan is started is one locked in for a year and can mid-year changes be made? The reason for my interest is on 1/1/14 both my wife and myself will be 64. In July she will qualify for medicare and then I will in December. We would star...
by jwa
Thu May 02, 2013 7:55 pm
 
Forum: Investing - Theory, News & General
Topic: The application for healthcare exchange
Replies: 74
Views: 2748

Re: Spouse wants to purchase a bicycle for 5000.

Who said a $5,000 road bike is extravagant? The rider who just came in from a 3 hour ride with 7% body fat or the guy pecking away at his computer about this thread with 20+% body fat? Would it be the guy with a resting heart rate in the 40's or the guy over in the corner with a resting heart rate i...
by jwa
Sat Apr 13, 2013 2:16 pm
 
Forum: Personal Consumer Issues
Topic: Spouse wants to purchase a bicycle for 5000.
Replies: 129
Views: 7327

Re: Annuities for guaranteed income?

Would a Vanguard Variable Annuity with the GLWB (Guaranteed Lifetime Withdrawal Benefit) be considered in the good or bad category?
by jwa
Wed Apr 10, 2013 10:56 am
 
Forum: Investing - Help with Personal Investments
Topic: Annuities for guaranteed income?
Replies: 13
Views: 881

Re: Can you help with 60's portfolio...appreciate it!

The healh insurance premium of $906 per month might be for two people but still seems high. Medicare Part A is free (not really as we all have paid payroll taxes for years) and Part B is something like $110 per month per person. Prescription drug coverage Part D is something I don't know the cost on...
by jwa
Fri Apr 05, 2013 12:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can you help with 60's portfolio...appreciate it!
Replies: 19
Views: 1650

Re: Can you help with 60's portfolio...appreciate it!

I'm not 65 yet but closing in on it fast. I've done some research on medicare and supplements and it seems from what I've read that $904 per month for health insurance seems high. How was this number derived?
by jwa
Fri Apr 05, 2013 10:44 am
 
Forum: Investing - Help with Personal Investments
Topic: Can you help with 60's portfolio...appreciate it!
Replies: 19
Views: 1650

Re: Why does Vanguard sell Annuities?

I've considered purchasing a variable annuity from Vanguard in 2 years when I turn 65 instead of a SPIA. Main reason is my wife just can't get over turning a sum of money to an insurance company for good because the kids might need it when we are gone. Thus, I've thought of the Vanguard variable as ...
by jwa
Wed Apr 03, 2013 2:06 pm
 
Forum: Investing - Theory, News & General
Topic: Why does Vanguard sell Annuities?
Replies: 5
Views: 1056

Re: Investment advice for a retired athlete w/ long time hor

I'm not a retired athlete, but I've spent the past year dealing with making the most of a large lump sum windfall. My advice is take your time! Read the books. I found William Bernstein's The Four Pillars of Investing the most comprehensive and useful after reading all the others. Don't feel like y...
by jwa
Tue Apr 02, 2013 11:45 am
 
Forum: Investing - Help with Personal Investments
Topic: Investment advice for a retired athlete w/ long time horizon
Replies: 40
Views: 3142

Re: Retirement Questions/Medicare Questions

As for the financial planning aspects of retirement the suggestion on the "Bogleheads Guide To Retirement Planning" previously mientioned is an excellent recommendation. I also like the writings of Steve Vernon who is a retired pension actuary. Google Steve Vernon or go to Amazon and searc...
by jwa
Fri Mar 29, 2013 10:37 am
 
Forum: Investing - Help with Personal Investments
Topic: Retirement Questions/Medicare Questions
Replies: 5
Views: 422

Re: Opportunity Costs

I think this can be an interesting topic to discuss and I look forward to the dialog that will ensue. However, for me, I recognized opportunity costs in some of my short term decisions in the past and acted accordingly. I must say, though, most of the time I didn't and even more so when the time hor...
by jwa
Sat Mar 16, 2013 12:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Opportunity Costs
Replies: 2
Views: 389

Re: What's your number? Why?

This question is to Rick Ferri. Rick I note your comment about (1) determining ones expenses in retirement (2) subtracting expected social security from the expenses and then multipling times 20. I thought "The Rule" was 30 times expenses. Why do you suggest the number of only 20 times. H...
by jwa
Fri Mar 08, 2013 4:16 pm
 
Forum: Investing - Theory, News & General
Topic: What's your number? Why?
Replies: 258
Views: 18890

Re: What's your number? Why?

Rick Ferri says I need 2 million???? Good Lord, I'll never make it. With that said, my number is $500,000 which is a little less than what I currently have and significantly less than what most here say they need. I'm getting close to pulling the plug but then only part way as I will still work part...
by jwa
Fri Mar 08, 2013 3:06 pm
 
Forum: Investing - Theory, News & General
Topic: What's your number? Why?
Replies: 258
Views: 18890

Re: How Vanguard employees view Vanguard

Sounds like a couple large corporations I worked for.
by jwa
Wed Mar 06, 2013 12:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: How Vanguard employees view Vanguard
Replies: 23
Views: 2348

Re: Predictions From Market Experts for 2013

I predict something is going to happen. I just don't know what though. Best that I stay the course.
by jwa
Thu Feb 21, 2013 8:37 pm
 
Forum: Investing - Theory, News & General
Topic: Predictions From Market Experts for 2013
Replies: 13
Views: 1571

Re: One of Jim Cramer's Cardinal Rules of investing

why is it that whenever I hear Jim Cramer's name my thoughts go immediatly to the Daily Show?
by jwa
Wed Feb 20, 2013 11:51 am
 
Forum: Investing - Theory, News & General
Topic: One of Jim Cramer's Cardinal Rules of investing
Replies: 5
Views: 823

Re: is window 8 good ??

looking, this is the investing forum. You might have better luck getting an answer to your question in the consumers forum.
by jwa
Wed Feb 20, 2013 11:27 am
 
Forum: Personal Consumer Issues
Topic: is window 8 good ??
Replies: 49
Views: 3290

[Asset Protection as] Volunteers - Charitable Organizations

Somehow I have it in my head that pensions, 401Ks, IRA's, Roths and the like are protected in lawsuits and bankruptcies. If I volunteer as a board member on a charitable organization, are these assets protected in the event I am sued as a volunteer because of a wrongful act.
by jwa
Mon Feb 18, 2013 5:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Asset Protection as] Volunteers - Charitable Organizations
Replies: 3
Views: 233

Re: Vanguard CEO's comment

Paul, Excellent point. I will look for that white paper on their website. Don't know why Mr. McNabb would say 30%, when he could have said 20-40%. It came out so assuredly, causing me pause (big time)! Probably because 30% is right smack dab in the middle of 20-40%. Now I know why you are such a le...
by jwa
Sun Feb 10, 2013 7:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard CEO's comment
Replies: 18
Views: 2281

Re: 'Won the Game' but is this portfolio too conservative?

As for an annuity, everything I've read suggests waiting until you are at least in your 60's before purchasing one. I don't want to speak authoritatively on this as I'm no expert but it's not until this age or older that survivorship credits make it worthwhile - or so I've read. In fact, I sort of t...
by jwa
Sun Feb 10, 2013 7:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: 'Won the Game' but is this portfolio too conservative?
Replies: 30
Views: 3572

Re: vanguard immediate fixed annuities

If a SPIA is purchased with IRA funds by someone over age 70 1/2: What happens if the annuity amount is greater than the RMD. ? Will you be taxed on the full annuity amount ? Can you just keep the excess over the RMD in your IRA ? 121 Someone more astute than me will tell us for sure but I don't th...
by jwa
Wed Feb 06, 2013 11:51 am
 
Forum: Investing - Help with Personal Investments
Topic: vanguard immediate fixed annuities
Replies: 25
Views: 1296

Re: vanguard immediate fixed annuities

Do you need to pay tax on this income? This is only income. Thanks Good question and I don't see this aspect of SPIAs discussed a lot. The answer is it depends. If one purchases a SPIA with before tax dollars, IRA/401k, then my understanding is it is 100% taxable. This makes sense in that if I pull...
by jwa
Wed Feb 06, 2013 11:02 am
 
Forum: Investing - Help with Personal Investments
Topic: vanguard immediate fixed annuities
Replies: 25
Views: 1296

Re: Social Security - Why Delay ?

You might not die on your 86th birthday. True, but I'm guessing the money will be enjoyed more in years 62-69 then it would be in years 87+. The other thing to keep in mind is how much of the OP's portfolio can be left alone to continue growing by taking SS at 62 instead of 70. Ah yes so true. On t...
by jwa
Mon Feb 04, 2013 3:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Social Security - Why Delay ?
Replies: 145
Views: 5350

Re: Annuities-

I believe the OP was contemplating an SPIA. Most Bogleheads agree that a Single Premium Immediate Annuity is appropriate for some investors depending on their need and time horizon. SPIA's are commodities, competitively priced and basically a "fair game". Variable Annuities are a differen...
by jwa
Mon Feb 04, 2013 1:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Annuities-
Replies: 19
Views: 1096

Re: Annuities-

I believe the OP was contemplating an SPIA. Most Bogleheads agree that a Single Premium Immediate Annuity is appropriate for some investors depending on their need and time horizon. SPIA's are commodities, competitively priced and basically a "fair game". Variable Annuities are a differen...
by jwa
Mon Feb 04, 2013 11:23 am
 
Forum: Investing - Help with Personal Investments
Topic: Annuities-
Replies: 19
Views: 1096

Re: When market drops....shifting funds?

When is the market going to drop? I need to know. :oops:
by jwa
Fri Feb 01, 2013 5:59 pm
 
Forum: Investing - Theory, News & General
Topic: When market drops....shifting funds?
Replies: 12
Views: 1052

Re: Best umbrella insurance?

Chubb is excellent for both commercial umbrellas and personal umbrellas. On personal umbrellas, Chubbs marketing plan is for the more affluent and they are good at it. If like me, you are middle class then Chubb most likely won't be for you as their pricing reflects what segment of the market they w...
by jwa
Wed Jan 23, 2013 11:13 am
 
Forum: Personal Finance (Not Investing)
Topic: Best umbrella insurance?
Replies: 6
Views: 794

Re: 4% withdrawal rate during retirement?

Keith, It's frightening :) but our thoughts are virtually mirror images of each other. I have decided to wait until 70 for social security. My wife is 5 months older than me and her social security benefit is about $100 less monthly than the spousal benefit she would receive if I suspend at 66. We m...
by jwa
Mon Jan 21, 2013 7:35 pm
 
Forum: Investing - Theory, News & General
Topic: 4% withdrawal rate during retirement?
Replies: 80
Views: 5407

Re: 4% withdrawal rate during retirement?

"The last I looked, an SPIA for a single 65-year old male was 7%. For a joint annuity it was a touch under 6%, and for an inflation protected annuity, a touch under 4% . (Dang! 4%! Who would have guessed it?)" And this whole 4% income stream come from an underlying investment in bonds . I...
by jwa
Mon Jan 21, 2013 6:45 pm
 
Forum: Investing - Theory, News & General
Topic: 4% withdrawal rate during retirement?
Replies: 80
Views: 5407

Re: Using REITs in a lazy portfolio

Thanks - it's unfortunate though because some Bogleheads don't appear to be as friendly or welcoming to new investors. I realize that I have been indecisive and gone in different directions at times, but it's part of the learning process. It's the people that don't ask questions that end up making ...
by jwa
Wed Jan 16, 2013 12:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Using REITs in a lazy portfolio
Replies: 24
Views: 2113

Re: Achieving a Higher Safe Withdrawal Rate

.... The issue is: 1) what is the most comfortable system for adjusting withdrawals? 2) If you're going to make flexible adjustments, what's the evidence that any set of numerical rules is going to work any better than Taylor Larimore's system : "We simply withdrew what we needed and kept an e...
by jwa
Tue Jan 08, 2013 5:25 pm
 
Forum: Investing - Theory, News & General
Topic: Achieving a Higher Safe Withdrawal Rate
Replies: 109
Views: 7278

Re: other driver's insurance not accepting liability

When involved in a situation like this, inform your insurance company immediately. Yes it was the other parties fault but why deal directlly with them and their claims dept as they will have the upper hand on the untrained. Turn it over to your insurance company and let your insurance companies clai...
by jwa
Wed Dec 12, 2012 10:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: other driver's insurance not accepting liability
Replies: 31
Views: 2045

Re: RANT - 2013 Florida Home Insurance Rate Increase

It doesn't matter what your house would sell for now or in the future. Property tax assessments likewise are irrelevent. What matters is a hurricane that tears up huge portions of Florida property. What would it cost to rebuild in that scenario with limited and expensive building materials as well a...
by jwa
Mon Dec 10, 2012 12:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: RANT - 2013 Florida Home Insurance Rate Increase
Replies: 40
Views: 4861

Re: Switching to short term VIP-maybe?

I recently transferred a portion of the Total Bond Fund to the short term corporated since sooner or later interest rates will go up. Was I timing the market or playing defense? My motive was the latter.
by jwa
Mon Dec 03, 2012 8:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Switching to short term VIP-maybe?
Replies: 5
Views: 365

Re: Umbrella insurance - boglehead way

Serbeer, if anyone is negligent and the amount of settlement is 7 million, the insurance company pays their limit of coverage and walks away. If one has a total liabilty limit of $1,500,000 of underlying coverage (auto or homeowners) and umbrella then the policyholder would be liable for 5.5 million...
by jwa
Mon Dec 03, 2012 7:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance - boglehead way
Replies: 26
Views: 2689

Re: Comparing Cost of Living Expenses - Part 1

Victoria, instead of sitting if front of a TV getting fat I could be out in the countryside burning calories on a road bike. I could be cross country skiing in the winter. I could play a round or two of golf every week at a fraction of the cost of what golf costs in the land of fancy restaurants and...
by jwa
Mon Dec 03, 2012 2:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Re: Comparing Cost of Living Expenses - Part 1
Replies: 47
Views: 2265

Re: Comparing Cost of Living Expenses - Part 1

Is all of this to say that where I live and how much it cost's might have an impact on how many millions I need to have saved for retirement when that day comes? I live in a small town not too far from a mid-size city. Being in the midwest I go to the Chicago area frequently. There is a big big diff...
by jwa
Mon Dec 03, 2012 2:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Re: Comparing Cost of Living Expenses - Part 1
Replies: 47
Views: 2265

Re: Umbrella insurance - boglehead way

The policyholder has no control on the handling or settlement of a claim. Through discovery the plaintiff and the plaintiff's attorney most likely will know what assets are available. If there is an underlying auto policy limit of $500,000 and an umbrella with a policy limit of $1,000,000 they may d...
by jwa
Mon Dec 03, 2012 1:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance - boglehead way
Replies: 26
Views: 2689

Re: Umbrella insurance - boglehead way

If having more coverage just means that you will be sued for more money, I'm not sure how that is useful. Likewise, I'm not sure how one arrives at a coverage amount based on net worth, if the plaintiff's lawyers will just set the amount of damages sought to your coverage + net worth + some additio...
by jwa
Mon Dec 03, 2012 11:52 am
 
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance - boglehead way
Replies: 26
Views: 2689

Re: What kind of car are you driving?

I drive a big old Mercury Grand Marquis. Wife drives me nuts. I think a used Grand Marquis is going to be my next car. I love the old school Detroit comfort-mobile. It's a great car. I inherited it from my Dad and at first wanted to sell it because... it's big and sort of an old man's car. However,...
by jwa
Thu Nov 29, 2012 10:48 am
 
Forum: Personal Consumer Issues
Topic: What kind of car are you driving?
Replies: 278
Views: 20253
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