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Re: Medigap Plan G vs Plan F?

I just purchased a Plan G though I went shopping for a Plan F. The difference in the monthly premium was close to $34 which more than covers the Part B deductible.
by jwa
Tue Jan 27, 2015 12:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medigap Plan G vs Plan F?
Replies: 70
Views: 10126

Re: Anyone regret paying off mortgage early?

I am not a home owner, and so treat what follows accordingly. I can think of two circumstances in which one may regret paying off mortgage early: 1. A home owner is making larger payments, still has a long way to go, and does not have a sufficient emergency fund. He loses his job and needs money to...
by jwa
Tue Jan 27, 2015 11:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 306
Views: 37280

Re: Parents Retirement Advice 62 y.o.

Asterix0 is absolutely correct. The tables are designed to be actuarily the same regardless of what age you take your benefit based upon a normal life span. If one unfortunately dies prematurely then taking it at 62 is a good bet. Take it at 70 and live a longer life span then you have a nice inflat...
by jwa
Fri Jan 23, 2015 1:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Parents Retirement Advice 62 y.o.
Replies: 8
Views: 949

Re: The "Less Than" a Million $ Club

I guess I'll have to be content in the "other" club :wink: but I certainly can appreciate the concern some posters have had about the numbers thrown around... if we hadn't been as lucky and saved a very large percentage, I'm sure we would have been as downcast toward our future as some ha...
by jwa
Wed Jan 21, 2015 12:04 pm
 
Forum: Personal Consumer Issues
Topic: The "Less Than" a Million $ Club
Replies: 71
Views: 10258

Re: The "Less Than" a Million $ Club

I'll confess I'm a bit bemused by this post since most people will retire with less than a million and probably feel that they are doing well as long as they actually were able to retire comfortably ...that one can be happily retired DESPITE not having achieved 2 commas is even a thing here is pret...
by jwa
Tue Jan 20, 2015 11:14 am
 
Forum: Personal Consumer Issues
Topic: The "Less Than" a Million $ Club
Replies: 71
Views: 10258

Re: The DOW: An Index I Love to Hate

Unlike the OP I don't hate the Dow. I just ignore it.
by jwa
Mon Jan 19, 2015 11:07 am
 
Forum: Investing - Theory, News & General
Topic: The DOW: An Index I Love to Hate
Replies: 27
Views: 1940

Re: Poll - How much is enough / what's your number?

Igetit, you and I are virtually in the same boat. Sheepdog is correct in that it does matter where you live. I have experience with the Chicago area and downstate Illinois. Not every thing is more expensive in Chicago but a whole lot of things are. I would imagine my cost of living does not differ s...
by jwa
Tue Jan 13, 2015 11:18 am
 
Forum: Personal Finance (Not Investing)
Topic: Poll - How much is enough / what's your number?
Replies: 79
Views: 7546

Re: Where does someone in their mid-20s with $5000 start?

We're not stock pickers around here. Low cost mutual funds are our game.
by jwa
Sat Jan 03, 2015 12:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where does someone in their mid-20s with $5000 start?
Replies: 30
Views: 2583

Re: I am surely doing something wrong (FireCalc question)

What I have seen is 25 times expenses after social security, pensions and any other source of guaranteed income. That is a big difference from 25 times your expenses. As one who is retired, I find the former works just fine.
by jwa
Sat Oct 04, 2014 10:27 am
 
Forum: Personal Finance (Not Investing)
Topic: I am surely doing something wrong (FireCalc question)
Replies: 45
Views: 4570

Re: Looking for advice- Already Retired.

CORRECTION: The thread that Taylor Larimore started on the three fund portfolio is the very first thread under " Investing - Theory, News and General."
by jwa
Fri Sep 26, 2014 1:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Looking for advice- Already Retired.
Replies: 19
Views: 2488

Re: Looking for advice- Already Retired.

Is there a question in here somewhere or are there many? Sorry but I am lost as to what you are looking for. You do mention being nervous about having money in the stock market. We all are. We are all also nervous about money in the bond market. Nonetheless, we have our individual plans and we stick...
by jwa
Fri Sep 26, 2014 1:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Looking for advice- Already Retired.
Replies: 19
Views: 2488

Re: To LMP or Not to LMP? [Liability Matching Portfolio]

Thanks for the clarifications, jwa. Just to clarify a little further—a lot of what you wrote is what Dr. Bernstein recommended for the general case, but doesn’t apply to us. Our portfolio just hit its “magic number,” so if we go the LMP route, we would convert all of our equities into TIPS ladders ...
by jwa
Fri Jul 11, 2014 1:37 pm
 
Forum: Investing - Theory, News & General
Topic: To LMP or Not to LMP? [Liability Matching Portfolio]
Replies: 11
Views: 2010

Re: Retirement calculator?

I have looked at and used many different retirement calculators. The best in show as far as I am concerned is the Fidelity Retirement Planner. To the previous poster that wound up with 80 million or whatever it was I have to echo what was posted as to what were the inputs entered. I am within 5 year...
by jwa
Fri Jul 11, 2014 1:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retirement calculator?
Replies: 25
Views: 4276

Re: To LMP or Not to LMP? [Liability Matching Portfolio]

um... Dr Bernstein did not say convert all of your stocks to TIPS. What he has written is once you have won the game convert stocks to TIPS, short term bonds and other stable investments. Won the game was defined as 20 to 25 times your annual expenses minus social security and any pensions. Anything...
by jwa
Fri Jul 11, 2014 9:58 am
 
Forum: Investing - Theory, News & General
Topic: To LMP or Not to LMP? [Liability Matching Portfolio]
Replies: 11
Views: 2010

Re: Best Kayak Trailer

I will be interested to see if this thread has legs. I am 64 and lift a 50 fishing pound kayak on top of a full size passenger car and get the job done though I sometimes wish it weighed a bit less. However, I am finding myself lusting for a larger and heavier kayak that I know that I couldn't get o...
by jwa
Wed Jul 02, 2014 12:15 pm
 
Forum: Personal Consumer Issues
Topic: Best Kayak Trailer
Replies: 7
Views: 588

Re: SS Gap Until 70?

As GED said. I too wondered (actually worried) about the gap to 70 for several months thinking about it. I knew it would entail me taking out more than the so called safe 4% for a few years but with a big drop come 70. Humm... would I still jeopardize my long term financial status? I didn't think so...
by jwa
Sat Jun 28, 2014 11:31 am
 
Forum: Personal Finance (Not Investing)
Topic: SS Gap Until 70?
Replies: 29
Views: 2549

Re: Temporarily Dropping Car Insurance

Actually homeowner's insurance usually excludes automobiles. In the case of the car in the garage, the homeowner's insurance would probably cover the garage and contents of the garage, but not the car. THIS. Automobiles are excluded from the homeowners policy. If one puts a car on blocks over the w...
by jwa
Wed Jun 11, 2014 7:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Temporarily Dropping Car Insurance
Replies: 13
Views: 1245

Re: Best Homeowners Insurance in IL

I would probably stay away from Homesite. I am in the business and in Illinois and I have never heard of them which may or may not mean anything. However, I did some research on them and they have only been in business since 1998 so I would be concerned with their capitalization. There also seem to ...
by jwa
Wed Jun 11, 2014 5:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Best Homeowners Insurance in IL
Replies: 10
Views: 1235

Re: Temporarily Dropping Car Insurance

I speak as an agent and as a former underwriter for an insurance company. If you sell your car and move to another city that will not be frowned upon. What is frowned upon is the individual that lets their coverage lapse and allows time to pass before doing anything about it. That shows bad judgemen...
by jwa
Wed Jun 11, 2014 5:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Temporarily Dropping Car Insurance
Replies: 13
Views: 1245

Re: 20x expenses question

What I have read is 20 to 25 times your expenses beyond what is not covered by SS, pensions and other guaranteed sources of income. Intuitively this makes sense to me. If I have a large pension and nice SS checks to rely on that cover my expenses I probably don't need as much money. On the other han...
by jwa
Sun Jun 08, 2014 2:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: 20x expenses question
Replies: 8
Views: 1594

Re: Retirement Planning Calculator from Vanguard

Thanks Mel! Is it perfect? No. Is it a useful guide? For me it is.

It makes me wonder why I am still working.
by jwa
Wed May 21, 2014 10:12 am
 
Forum: Investing - Theory, News & General
Topic: Retirement Planning Calculator from Vanguard
Replies: 11
Views: 1851

Re: Are Single Premium Annuities a good deal?

Bustoff, not only is there the return of premium to contend with but survivorship credits as well. In other words, when others die, you win.
by jwa
Tue May 13, 2014 11:50 am
 
Forum: Investing - Theory, News & General
Topic: Are Single Premium Annuities a good deal?
Replies: 91
Views: 5151

Re: *poor* Bogleheads

What IlliniDave said! There are more like him here than one might imagine. Read the "Millionaire Next Door" and then live it. That's what I did and I never made 6 figures and my wife didn't work but raised our three kids. I'm nearing normal retirement age now and though I will never be con...
by jwa
Fri Apr 18, 2014 11:05 am
 
Forum: Forum Issues and Administration
Topic: *poor* Bogleheads
Replies: 78
Views: 13506

Re: Farmers Auto, house, umbrella insurance

I am in the insurance business. My son had his insurance with Farmers. There is a coverage in the homeowners policy that they excluded. In the portion of the policy of additional coverages they basically say we are excluding the exclusion therefore you have this coverage. His claim was denied and he...
by jwa
Thu Mar 13, 2014 5:51 pm
 
Forum: Personal Consumer Issues
Topic: Farmers Auto, house, umbrella insurance
Replies: 9
Views: 950

Re: Should I contact ins. co. about possible homeowners clai

Unless you have significant damage from the leak itself, ie wet carpets, damaged furniture, etc. your event isn't covered anyway. The water damage clause usually provides for damage as a result of "sudden and accidental" leakage, and the repair to the piping itself us usually excluded. Re...
by jwa
Thu Mar 13, 2014 5:42 pm
 
Forum: Personal Consumer Issues
Topic: Should I contact ins. co. about possible homeowners claim?
Replies: 5
Views: 753

Re: William Bernstein-When you've won the game, why keep pla

Maybe everyone is taking this into account but I'm not sure. Dr. Bernstein used the 25 x expenses after other income such as pensions, social security or annuities. This reduces the heavy lifting that needs to be done.
by jwa
Tue Mar 11, 2014 11:40 am
 
Forum: Investing - Theory, News & General
Topic: William Bernstein-When you've won the game, why keep playing
Replies: 264
Views: 34961

Re: Need help buying health insurance

I didn't take the time to read every post so perhaps someone has already mentioned this. What state are you in? Perhaps your state adopted expanded medicare at the beginning of this year. Most states did and if in one of those states with a near poverty level income you should qualify for free cover...
by jwa
Thu Mar 06, 2014 12:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Need help buying health insurance
Replies: 30
Views: 1550

Re: My Company's Retirement Seminar. . . What a sham!

A few years back, the corporate America firm I was employed by had a 401K plan with many high price mutual fund choices. The lowest cost fund was a S & P 500 index that had a .73 expense ratio. Finally I had enough. I was in touch via email a couple times and even had a phone conversation with t...
by jwa
Mon Mar 03, 2014 3:42 pm
 
Forum: Investing - Theory, News & General
Topic: My Company's Retirement Seminar. . . What a sham!
Replies: 15
Views: 2701

Re: Early Retirement and ObamaCare

Net worth has nothing to do with Obama Care. It could be that your friend's income is low enough to qualify for medicaid in those states that agreed to expand medicaid and net worth doesn't apply to medicaid in those states any longer. The key now is MAGI. I don't remember the exact details and I am...
by jwa
Thu Feb 27, 2014 2:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Early Retirement and ObamaCare
Replies: 26
Views: 2949

Re: How Much Auto Coverage Do I need?

Tell me how much you are going to get sued for and I will tell you how much liability insurance you need. I would say state minimum limits like 15/30 is woefully inadequate. Have an at fault accident on the interstate and run a semi or high priced RV off the road and that limit isn't going to help y...
by jwa
Wed Feb 26, 2014 1:16 pm
 
Forum: Personal Consumer Issues
Topic: How Much Auto Coverage Do I need?
Replies: 16
Views: 1251

Re: Warren Buffett's portfolio for his wife: Vanguard index

As a holding company, Berkshire Hathaway has large investments in the insurance business with both primary insurance and reinsurance. Statutory requirements are that insurors hold a certain percentage of policyholder surplus in bonds. Regardless if Mr Buffet likes or dislikes bonds at any given time...
by jwa
Tue Feb 25, 2014 2:03 pm
 
Forum: Investing - Theory, News & General
Topic: Warren Buffett's portfolio for his wife: Vanguard index fund
Replies: 70
Views: 12187

Re: "The dangers of long-term care insurance"

Those same regulators approved the previous assumptions/pricing. You do realize insurance companies have gone under in the past and this is without any of the ltci issues mentioned in this thread and some people have lost money? I can't recall who posted it but a while back someone posted a link in...
by jwa
Sat Feb 22, 2014 3:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: "The dangers of long-term care insurance"
Replies: 132
Views: 13568

Re: Best place to buy bike parts

Don't get a recumbent trike. I've always had Shimano but I do like Campy triple and that's how I'd probably go today. 48-38-28 crankset appeals to me more than Shimano 52-42-30. However, with a longer mountain rear derailler with Shimano rear gearing can be as low as 36. Depends on how you are going...
by jwa
Sat Feb 22, 2014 12:46 pm
 
Forum: Personal Consumer Issues
Topic: Best place to buy bike parts
Replies: 22
Views: 1735

Re: TAYLOR'S UPCOMING 90th BIRTHDAY

In childhood we seem to have many heros but in adulthood not so many. In recent times, since venturing to the Bogleheads forum, you have become a hero to me. :sharebeer

PS: Keep Mel in line.
by jwa
Fri Jan 24, 2014 1:31 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Taylor's 90th Birthday
Replies: 272
Views: 23354

Re: Early Retirement

One might read/review Jim C. Otar's "Unveiling the Retirement Myth" for more knowledge and ideas. I would but I can't afford it. The pages must be gold instead of paper. Amazon has used copies of the paperback for $500 to $3000. That's for 1 copy. Wow. Come on. A read-only PDF is availabl...
by jwa
Wed Jan 22, 2014 11:52 am
 
Forum: Investing - Help with Personal Investments
Topic: Early Retirement
Replies: 19
Views: 3484

Re: Early Retirement

livesoft wrote:One might read/review Jim C. Otar's "Unveiling the Retirement Myth" for more knowledge and ideas.


I would but I can't afford it. The pages must be gold instead of paper.
by jwa
Tue Jan 21, 2014 10:26 am
 
Forum: Investing - Help with Personal Investments
Topic: Early Retirement
Replies: 19
Views: 3484

Re: SA: Why I'm Not A Passive Investor

I'm not a stock picker. Stocks that I think are great buys many times turned out to be dogs. Warren Buffett is a great stock picker but I am not and studies have shown most people are not either. Then one needs to ask if they are as savvy as Warren Buffett or am I just one of the faces in the crowd....
by jwa
Fri Jan 17, 2014 4:09 pm
 
Forum: Investing - Theory, News & General
Topic: SA: Why I'm Not A Passive Investor
Replies: 19
Views: 2614

Re: Rethinking my asset allocation

I am reading a chapter in a book that was written by Jim Otar. If I am understanding him correctly, he seems to think 60% FI and 40% equities has the best survival rate for retirees. I said the heck with it though. I'm going to be bold even in my mid 60's and do 50/50. :D
by jwa
Thu Jan 02, 2014 11:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Rethinking my asset allocation
Replies: 24
Views: 2648

Re: Should I opt out of my bond allocation?

When I started in my late 20's with a 401k, I ran somewhat contrary to what many here have done. At that age, I did not allocate any of my investment to FI. For a couple of decades I bought the S & P 500 with every paycheck. I dollar cost averaged. I told people who were frightened when the mark...
by jwa
Thu Jan 02, 2014 11:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I opt out of my bond allocation?
Replies: 47
Views: 4060

Re: Do you think Warren Buffet was being irresponsible

With the Schuler 10 year pe index at slightly over 26, at this juncture, and given my age I will not move everything over to stocks. Yes interest rates may go up causing bond values to go lower. While I have some uneasiness with the Schuller index and don't completely trust it I do think it signals ...
by jwa
Mon Dec 30, 2013 3:22 pm
 
Forum: Investing - Theory, News & General
Topic: Do you think Warren Buffet was being irresponsible
Replies: 31
Views: 3197

Re: What Was Your Best Portfolio move in 2013

Taylor Larimore is my mentor I've not met. This year I consolidated everything into the 3 fund portfolio and I couldn't be happier. :D
by jwa
Fri Dec 27, 2013 2:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: What Was Your Best Portfolio move in 2013
Replies: 125
Views: 7857

Re: Bogleheads favorite Task management App?

I have been using a MS Word file for my task management for so long that I am reluctant to transition to anything else. And here lies the key question with all technology: To move or not to move? Victoria I have decided with many trials and errors on new ways that if I have something that works I w...
by jwa
Thu Dec 19, 2013 3:31 pm
 
Forum: Personal Consumer Issues
Topic: Bogleheads favorite Task management App?
Replies: 17
Views: 1392

Re: Whole Life Help

I wonder why there is no "whole hazard" policy for your house and car. You know, it would have a savings/investment account with it, as well as insuring your house against fire and your car against theft and liability. After all, a house or car insurance policy is, like term life, "h...
by jwa
Fri Dec 13, 2013 5:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Whole Life Help
Replies: 17
Views: 1731

Re: Any bogleheads work "for the dark side"?

If the red and white you speak to is based out of Bloomington, IL, I would say investigate. A contract with them 20 to 30 years ago was in my opinion a very valuable franchise. I almost took them up to start a scratch start up agency but at the time they were heavily life insurance oriented and fran...
by jwa
Fri Dec 13, 2013 4:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Any bogleheads work "for the dark side"?
Replies: 36
Views: 4262

Re: Umbrella coverage for lawsuits

nodenuff2 wrote:Best answer is Trimms. Not to say thothers aren't ok.


I'm hurt :( .
by jwa
Thu Dec 12, 2013 4:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Umbrella coverage for lawsuits
Replies: 34
Views: 3424

Re: Umbrella coverage for lawsuits

Like all liability policies, umbrellas cover the policyholders negligence for bodily injury to third party or property damage to a third parties property. In many cases there is coverage for personal injury like slander or libel if it was unintentional. As mentioned about the umbrella but true of th...
by jwa
Thu Dec 12, 2013 2:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Umbrella coverage for lawsuits
Replies: 34
Views: 3424

Re: Signing up for health care

I should also add that the income I reported on the initial application was in excess of the minimum not to be on Medicaid by a couple thousand so I was confused by this. When I added another $7,000 to my income everything was copesetic.
by jwa
Thu Dec 12, 2013 2:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Signing up for health care
Replies: 324
Views: 26846

Re: Signing up for health care

Yes you can start a brand new application as I did with complete new account (can't delete completed one yet - see post above) and got approved with a subsidy. I wonder if it's possible to be honest in filling out the application (you have to submit it under penalty of perjury) and still get the co...
by jwa
Thu Dec 12, 2013 2:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Signing up for health care
Replies: 324
Views: 26846

Re: Tips on staying the course...

At the end of many days I check out the CNN website to see the headlines for the day. Invariably I look over to the right to see what the markets are doing and then I ask myself - why did I do that? I never act on it.
by jwa
Wed Dec 11, 2013 9:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tips on staying the course...
Replies: 19
Views: 1494

Re: Which retirement calculator do you trust?

Firecalc and Fidelity's retirement planner. I'm not smart enough to use an Excel spreadsheet and I hate playing around with numbers with a passion, thus, I personnally favor these plug and play type of calculators. These two are the ones I turn to the most but I recently started to look at cfiresim ...
by jwa
Tue Dec 03, 2013 8:18 pm
 
Forum: Investing - Theory, News & General
Topic: Which retirement calculator do you trust?
Replies: 25
Views: 2686
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