Search found 957 matches

by lawman3966
Fri Jul 31, 2015 11:56 pm
Forum: Personal Finance (Not Investing)
Topic: COBRA Vs ACA after job loss and move
Replies: 35
Views: 1645

Re: COBRA Vs ACA after job loss and move

One thing that I have not seen mentioned is that if you change your insurance then you will have to start your 2015 deductibles all over again with the new insurance company. The big question is if your COBRA will cover you OK in Washington. If so then sticking with COBRA through the end of the yea...
by lawman3966
Fri Jul 31, 2015 7:19 pm
Forum: Personal Finance (Not Investing)
Topic: COBRA Vs ACA after job loss and move
Replies: 35
Views: 1645

Re: COBRA Vs ACA after job loss and move

Just a note... don't know if it will apply to you... but I recently retired and am on COBRA. While employed, I was on an Aetna HMO plan in Illinois, but when I retired I sold my place in Chicago and moved permanently to our house in Wisconsin (an hour's drive from Chicago). Aetna does not have HMO ...
by lawman3966
Fri Jul 31, 2015 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: COBRA Vs ACA after job loss and move
Replies: 35
Views: 1645

COBRA Vs ACA after job loss and move

There is a possibility in the coming months that my job will end and that I'll end up moving to another state (move from CO to WA). I'm posting to determine what the optimal sequence of health insurance coverage options is in this situation. I should be eligible for either COBRA or ACA upon losing e...
by lawman3966
Thu Jul 23, 2015 1:38 pm
Forum: Investing - Help with Personal Investments
Topic: Is this a cup-with-handle pattern?
Replies: 29
Views: 2325

Re: Is this a cup-with-handle pattern?

I must disagree. I see an inverted head and shoulders pattern coupled with autoregressive Fibonacci lateral curves.

No disrespect intended, but how could you have missed that?
by lawman3966
Sat Jul 11, 2015 8:58 pm
Forum: Investing - Help with Personal Investments
Topic: Where are people putting their investment money if they see a correction coming in US stock market
Replies: 69
Views: 7583

Re: Where are people putting their investment money if they see a correction coming in US stock market

Oh yes, the always pending stock market crash must be considered. The trouble is, if you are prepared to get out of equities because there's a "consensus" that the market is about to crash, you likely would have exited the market in 2010, or perhaps never gotten in at all. As shown in the ...
by lawman3966
Mon Jun 22, 2015 10:00 pm
Forum: Personal Consumer Issues
Topic: Quiet and robust Portable Air Conditioner?
Replies: 1
Views: 344

Re: Quiet and robust Portable Air Conditioner?

I wondered the same thing, and found the site linked below. I have the unit discussed at the linked site running in my bedroom now. It may be quieter than its competitors, but it's still loud. Moreover, in my experience, all portable AC units are loud. I can't sleep with it running, so I try to cool...
by lawman3966
Tue Jun 16, 2015 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Retiring Abroad
Replies: 22
Views: 3988

Re: Retiring Abroad

I think it's worth separating out the issues you raise. Living abroad because you like a particular foreign locale: could be a great idea. Living abroad because it's cheaper: this may be true depending on which part of the U.S. and which foreign country/city you're talking about. Various parts of th...
by lawman3966
Sat Jun 13, 2015 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Metrics for choosing when to claim Social Security benefits
Replies: 10
Views: 1803

Re: Metrics for choosing when to claim Social Security benefits

My claim is that the strategy that maximizes present value of Social Security benefits is not optimal under these other metrics. That is one reason why I include more metrics when evaluating the Social Security claiming strategies, but I would not want to say that the SS strategy that maximizes NPV...
by lawman3966
Fri Jun 12, 2015 1:00 pm
Forum: Investing - Help with Personal Investments
Topic: 401K's and Expense ratio's
Replies: 8
Views: 774

Re: 401K's and Expense ratio's

It's hard to know from here what your total expense ratios are, since the rules governing fee disclosure can be a little vague. It's been a while since I've had to deal with this issue. When I did confront the issue, I found additional fees every time I asked about them. And, I had to ask to find ou...
by lawman3966
Thu Jun 11, 2015 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Any opinions of the Vanguard Fixed Deferred Annuity?
Replies: 19
Views: 2216

Re: Any opinions of the Vanguard Fixed Deferred Annuity?

So, what's the catch? John Swanson I investigated this a few years ago, and I recall that the catch, if there is one, resides in whether the deferred payment is measured in today's dollars or future dollars. Investigate this carefully before proceeding. I recall initially being very pleasantly surp...
by lawman3966
Thu Jun 11, 2015 9:02 am
Forum: Investing - Theory, News & General
Topic: Brighter Future? workers vs retirees expectations
Replies: 18
Views: 2740

Re: Brighter Future? workers vs retirees expectations

Interesting stuff. Thanks for posting. There are a few possible explanations for the disparities. (1) the media have overdone the gloom and doom of retirement planning, and current workers are excessively pessimistic about their retirement. (2) Both groups are right. This option is possible if the d...
by lawman3966
Mon Jun 08, 2015 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Putting off Social Security until 70
Replies: 89
Views: 8072

Re: Putting off Social Security until 70

I agree with taking benefits at 70, but don't agree with your math. Your 4% SWR analysis starting at age 70 doesn't make sense to me, as the 4% guideline is intended for a 30 year retirement period. Not sure who you are talking to here, but if it's me, I was not using 4% swr at age 70 but at age 62...
by lawman3966
Mon Jun 08, 2015 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Putting off Social Security until 70
Replies: 89
Views: 8072

Re: Putting off Social Security until 70

I agree with taking benefits at 70, but don't agree with your math. Your 4% SWR analysis starting at age 70 doesn't make sense to me, as the 4% guideline is intended for a 30 year retirement period. Using age 100 as your expected life expectancy imparts too much of a benefit to a higher monthly amou...
by lawman3966
Fri Jun 05, 2015 1:01 pm
Forum: Investing - Theory, News & General
Topic: I-ORP Vs. Cfiresim.com
Replies: 21
Views: 2271

I-ORP Vs. Cfiresim.com

Running I-orp with all the same data (at least, data that is common to the two calculators) as cfiresim yields an annual expenditure level about $9K higher than what cfiresim provides (about 66K instead of 57K (using the 95% confidence level in cfiresim). I entered into I-orp what I thought were mod...
by lawman3966
Wed Jun 03, 2015 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Citizenship and Social Security
Replies: 7
Views: 828

Re: Citizenship and Social Security

I once was a citizen of a European country which did not accept dual citizenship in the past. As friends of mine also did, I became and stayed a US citizen to protect my rights to US SS, to US Medicare, to my pension from a US megacorp and my job at that US megacorp. Wives usually stayed citizen of...
by lawman3966
Tue Jun 02, 2015 6:30 pm
Forum: Personal Consumer Issues
Topic: Quiet Dual-Hose Portable Air Conditioner
Replies: 0
Views: 247

Quiet Dual-Hose Portable Air Conditioner

As the subject heading states, I'm looking for a quiet dual-hose portable air conditioner. I've reviewed a few units on Amazon. I've seen good ratings on some Honeywell units that don't seem to have dual hoses. Whynter has several dual hose units, but the reviews don't seem to be quite as good as fo...
by lawman3966
Tue Jun 02, 2015 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Citizenship and Social Security
Replies: 7
Views: 828

Re: Citizenship and Social Security

While you wait for a definitive answer, you could play with this tool: http://www.ssa.gov/international/payments_outsideUS.html Thanks. However, the linked tool really only tests for a change in residency, rather than a change in citizenship. It seems to assume that if the user is now a citizen, he...
by lawman3966
Tue Jun 02, 2015 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Citizenship and Social Security
Replies: 7
Views: 828

Citizenship and Social Security

Some recent threads on ACA and retirement got me concerned, and have prompted this thread. (If there are other fora you feel are better situated to reply, please let me know which they are). I am a dual citizen: U.S. and Canada. Accordingly, one fallback option for obtaining health insurance coverag...
by lawman3966
Sat May 30, 2015 6:12 pm
Forum: Investing - Help with Personal Investments
Topic: Annuities the Fixed Index Annuity FIA
Replies: 30
Views: 2075

Re: Annuities the Fixed Index Annuity FIA

Based on my read of the attached link, I would not be interested in Fixed annuities. It sounds as though the offerings could differ widely from each other making it impossible to meaningfully endorse any one such offering. Index annuities appear to use options to provide a long term, stable return, ...
by lawman3966
Fri May 29, 2015 9:17 am
Forum: Investing - Help with Personal Investments
Topic: What am I doing wrong ?
Replies: 39
Views: 4373

Re: What am I doing wrong ?

(1) Is it really necessary to use "no growth of investments over and above inflation". Is the future that dismal or does this forum suffer from ultra conservatism? Serious question please . (2) Also, with no kids we want to spend the money down and do not need to leave money to anyone. I'...
by lawman3966
Thu May 28, 2015 6:23 pm
Forum: Investing - Help with Personal Investments
Topic: What am I doing wrong ?
Replies: 39
Views: 4373

Re: What am I doing wrong ?

I am not a retirement expert by any stretch, but if I understand your question right, you plan to live off your savings (currently 850k) for 11 years, drawing 55k/year, and then take SS and make up the difference (about 9.6k) with the rest of your portfolio during the remaining retirement. Without ...
by lawman3966
Sat May 23, 2015 10:02 pm
Forum: Investing - Help with Personal Investments
Topic: please confirm: early retirement
Replies: 90
Views: 7973

Re: please confirm: early retirement

LIVING ON 50K: With so many people commenting on the ability or difficulty of living on 50K, it seems relevant to point out some differences between 50K in gross family income and 50K in spendable money. A few expenses for the 50K gross earner, that don't confront someone spending 50K: Fed tax (OP ...
by lawman3966
Fri May 22, 2015 9:32 pm
Forum: Personal Consumer Issues
Topic: Takata Airbag Recall
Replies: 13
Views: 1916

Re: Is it safe to have your Takata airbags repaired?

Yes this is a failure, yes it should be fixed, the fines are deserved. But hysteria is unwarranted. The Consumer Reports advice to park the car is, frankly, nuts. And anybody who disables on of these airbags and continues to drive the car is in need of a keeper. Actually, there is considerable deba...
by lawman3966
Fri May 22, 2015 8:54 pm
Forum: Investing - Help with Personal Investments
Topic: please confirm: early retirement
Replies: 90
Views: 7973

Re: please confirm: early retirement

If this plan hinges on ACA insurance, you may want to consider retiring in the fall of 2016 (say mid November) rather than the spring. The above appears to work off the assumption that the OP would not be eligible for ACA special enrollment in the Spring (i.e. outside of open enrollment). The linke...
by lawman3966
Fri May 22, 2015 5:26 pm
Forum: Investing - Help with Personal Investments
Topic: please confirm: early retirement
Replies: 90
Views: 7973

Re: please confirm: early retirement

The SWR (sustained withdrawal rate) from a portfolio is based on its total return, so dividends are already counted. For instance, a $1 million portfolio with a 3.5% SWR would have $35,000 a year withdrawal, but a $1 million portfolio would pay out about $30,000 in dividends every year, so of that ...
by lawman3966
Fri May 22, 2015 5:03 pm
Forum: Investing - Help with Personal Investments
Topic: please confirm: early retirement
Replies: 90
Views: 7973

Re: please confirm: early retirement

Hi folks. Seriously considering early retirement next Spring (2016). Firecalc and Fidelity RIP, as well as in-person consultation w/ Fidelity advisor, all indicate we should be good to go. I would like feedback from all you wonderful people before I start to actually take steps...below is our situa...
by lawman3966
Thu May 21, 2015 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: The end of the nest egg
Replies: 30
Views: 7808

Re: The end of the nest egg

I can't answer the central question you have posed. However, I feel the need to say that you have presented an overly simplified view of what most people's retirement finances really look like. Most people will retire on a combination of a lump sum and one or more guaranteed streams of income. For t...
by lawman3966
Thu May 21, 2015 4:28 pm
Forum: Investing - Help with Personal Investments
Topic: Age 56, Need Asset Allocation Advice
Replies: 16
Views: 1176

Re: Age 56, Need Asset Allocation Advice

BL and Tiko and everyone--what is considered a really good (Low) ER on a Bond Index Fund? (I think Tiko answered this with the graphic--THANKS!) And I don't think I have access to a separate brokerage account on my 401K, but I'll ask. Lost Vanguard bond funds run about 0.10% for Admiral shares. I g...
by lawman3966
Thu May 21, 2015 8:48 am
Forum: Personal Consumer Issues
Topic: Being an Uber driver
Replies: 15
Views: 3067

Re: Being an Uber driver

I'd hold off on getting a new vehicle until you know how this venture pans out. If he begins getting a stable income from this job, it could be worth getting another vehicle. I've thought of doing this myself at some point. However, given the very low barriers to entry into this business/job, I tend...
by lawman3966
Sat May 16, 2015 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: How much does social security factor into your retirement income?
Replies: 169
Views: 13328

Re: How much does social security factor into your retirement income?

How much does social security factor into your retirement income ? A lot. For those who say SS factor is zero.......... better step up your saving. You'll probably need an extra cool million to replace it. burt One million sounds awfully high. When he proposed counting the value of SS as a bond, J ...
by lawman3966
Sat May 16, 2015 9:47 am
Forum: Investing - Theory, News & General
Topic: Fees on Mutual Funds Fall. Thank yourself.
Replies: 20
Views: 2762

Re: Fees on Mutual Funds Fall. Thank yourself.

Nice article from the New York Times that includes quotes from an interview with Bogle. http://www.nytimes.com/2015/05/10/your-money/fees-on-mutual-funds-fall-thank-yourself.html Great trend of course, but I worry if the lost revenue from people moving to index funds will cause 401k plan expenses t...
by lawman3966
Fri May 15, 2015 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Electronic Door Locks
Replies: 12
Views: 1284

Re: Electronic Door Locks

Another poster above beat me to the issue of hackers. Nevertheless, I feel I can add to the issue. I recently read that cars that lock/unlock automatically based on the presence of a transceiver on the key chain are now a point of vulnerability for car thieves. They use signal amplifiers to help the...
by lawman3966
Thu May 14, 2015 9:26 am
Forum: Investing - Theory, News & General
Topic: Your Safety Net
Replies: 31
Views: 4167

Re: Your Safety Net

I really wonder whether this is a "new method" at all. Placing 20% of one's assets in cash could easily fit into the traditional Bogle "age in bonds" (or more aggressive) age-based asset allocation approach. Cash usually just means the lowest risk, shortest-term end of the bond s...
by lawman3966
Fri May 08, 2015 7:47 pm
Forum: Investing - Help with Personal Investments
Topic: Retired, need help with investment
Replies: 30
Views: 3222

Re: Retired, need help with investment

From my quick mental calculations, you have about $ 1.1 million in lump sum assets in addition to $77K/year coming in. You didn't specify whether the $77K is all COLA adjusted or not, though the SS component of it surely is. In brief, you have done well and are likely in better shape than all but a ...
by lawman3966
Thu May 07, 2015 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Easy careers to last me to retirement?
Replies: 141
Views: 17713

Re: What job to get to coast to Retirement at age 59 1/2?

Move to a low cost country. (outside US) till you hit 59 1/2. Take a job, which will pay for your rental / house. use 4% of returns from your $100K taxable investment for eg: India - 4% of 100K would be USD 4000 pa = ~INR 21000 pm. You can pretty much live ok except for a rental house. Thailand, Me...
by lawman3966
Thu May 07, 2015 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Easy careers to last me to retirement?
Replies: 141
Views: 17713

Re: What job to get to coast to Retirement at age 59 1/2?

The jobs I'm going to recommend are the ones I've considered when I start coasting. The following have occurred to me: Driving for Uber or Lyft: The barriers to entry are so low that I wonder how good the income can be. But, it's worth checking out. Teaching English as a second language: There is no...
by lawman3966
Thu Apr 30, 2015 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Finding the actuarial value of delaying SS benefits
Replies: 54
Views: 7763

Re: Finding the actuarial value of delaying SS benefits

It's more accurate to say that SS benefits were intended to be actuarially neutral. However, in practice, the intended neutrality may or may not be achieved, depending upon currently prevailing real interest rates. The determination of when to take benefits with the 62-70 age range depends on two ma...
by lawman3966
Tue Apr 28, 2015 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: COBRA, ACA, etc?
Replies: 21
Views: 1425

Re: COBRA, ACA, etc?

Looks like you can't enroll in ACA outside the annual enrollment period unless your COBRA eligibility has run out. https://www.healthcare.gov/unemployed/cobra-coverage/ Has anyone gone through this COBRA-versus-Marketplace comparison themselves. COBRA for me is a known quantity with a known cost. B...
by lawman3966
Fri Apr 24, 2015 5:31 pm
Forum: Investing - Help with Personal Investments
Topic: TSP ==> Vanguard or not
Replies: 15
Views: 1530

Re: TSP ==> Vanguard or not

I'd keep the TSP. There are several aspects to retirement accounts worth considering, including the backdoor Roth option. Since others have raised the Roth issue, I'm focusing on other issues here. (1) Creditor protection: The TSP like 401K/403(b) plans is protected from creditors to a greater exten...
by lawman3966
Tue Apr 21, 2015 5:37 pm
Forum: Investing - Help with Personal Investments
Topic: Have a saved enough to retire?
Replies: 18
Views: 2067

Re: Have I saved enough to retire?

At your current spending level, with our stated assets, it seems likely that you could retire. One issue is what spending level is sustainable in view of your assets and costs. A much more definite answer could be provided if you provide additional information. The most glaring omissions from my sta...
by lawman3966
Mon Apr 20, 2015 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: [Who is Ameriprise? Got invitation from a financial advisor]
Replies: 32
Views: 3125

Re: [Who is Ameriprise? Got invitation from a financial advi

Regardless of the name, just think of any of the big name financial advisory firms as being Boglehead-like forums that give bad advice and charge for it.

The rest is elaboration.

(I'm going to stick with the forum that gives good advice for free).
by lawman3966
Sat Apr 18, 2015 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Budgeting
Replies: 9
Views: 1587

Re: Retirement Budgeting

The only things regarding cost savings that spring to mind are: (a) budget cell phone plans; and (b) adjusting one's investments to maximize the ACA subsidy. While you're at it, you could check to see which states are best for ACA in addition to having lower costs of living. There are a number of bu...
by lawman3966
Fri Apr 10, 2015 4:33 pm
Forum: Investing - Theory, News & General
Topic: One percent can mean a lot... (article)
Replies: 7
Views: 2009

Re: One percent can mean a lot... (article)

My initial reaction is that of any boglehead - that they're ignoring the "other" 1% - the fees usually imposed by active management. However, I can't even imagine how many people are employed in this world solely because of the innumeracy of others. If they all became unemployed, what woul...
by lawman3966
Tue Apr 07, 2015 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Cell phone question
Replies: 10
Views: 1082

Re: Cell phone question

Can you take pictures and video on a cell phone without cell phone service? Yes, but for me, the issue is what connectivity the phone has, rather than merely its ability to take a photo. I had an old Evo smartphone that I canceled mobile service to. Once the mobile service was cut, the phone functi...
by lawman3966
Wed Apr 01, 2015 11:09 am
Forum: Investing - Help with Personal Investments
Topic: 401k with decent options, but outrageous advisory fee
Replies: 11
Views: 909

Re: 401k with decent options, but outrageous advisory fee

In my experience, fees at the level you report are indeed common in the small-firm 401K world. Smaller firms usually end up with insurance company providers who are coupled to financial advisors, or learn of Employee Fiduciary or other low cost providers, however, the latter case is a small percenta...
by lawman3966
Mon Mar 23, 2015 5:53 pm
Forum: Investing - Theory, News & General
Topic: 401(k) Plan Administrator Career Path
Replies: 7
Views: 1166

Re: 401(k) Plan Administrator Career Path

While I'm not an administrator, I can address some of what you've asked about. At small firms I've worked at in the past, there was cast of characters in the 401K system, of which the administrator was just one. There was the sponsor (the employer), the provider (usually a financial company, that of...
by lawman3966
Tue Mar 10, 2015 8:34 pm
Forum: Investing - Help with Personal Investments
Topic: What would YOU want from a financial advisor?
Replies: 28
Views: 2725

Re: What would YOU want from a financial advisor?

To promise not to get violent when I have him removed from my employer's 401K plan, so that the employees, rather than the advisor, can accumulate wealth from the employees' investment capital.
by lawman3966
Sat Mar 07, 2015 2:52 pm
Forum: Investing - Help with Personal Investments
Topic: Protect rollover IRA from potential lawsuit
Replies: 41
Views: 5024

Re: Protect rollover IRA from potential lawsuit

In case it helps, the following is a state by state summary of the protection of IRA and Roth IRA accounts.

http://www.aicpa.org/Publications/taxad ... achart.pdf
by lawman3966
Sat Mar 07, 2015 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Can my friend retire at 30 with 800K saved?
Replies: 19
Views: 2589

Re: Can my friend retire at 30 with 800K saved?

The way you've asked the question, it can be answered only conditionally, based on what happens in her relationship. If the relationship ends, with no further contribution of wealth to her from her ex, I'd say that $800K is not enough to retire on at age 30, let alone retire, AND raise a child with....
by lawman3966
Thu Mar 05, 2015 12:32 pm
Forum: Investing - Help with Personal Investments
Topic: not sure about my adviser
Replies: 68
Views: 6632

Re: not sure about my adviser

Isn't my advisor going to call me and ask "What happened?" Doesn't there have to be some kind of formal closure with the FA? When I transferred my investments from an expensive 401K plan to Vanguard, I never had to speak to the advisor or any administrator for the 401K plan. Once VG proce...

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