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by mickeyd
Sun Aug 02, 2015 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Moving $$$ from a Regular IRA to a Roth......
Replies: 7
Views: 510

Re: Moving $$$ from a Regular IRA to a Roth......

One Q that I have always asked myself in such a situation is ~ "Do I have enough cash laying around that I can use to pay taxes on the conversion?"
by mickeyd
Sat Aug 01, 2015 2:24 pm
Forum: Investing - Help with Personal Investments
Topic: Close to 93% of portfolio in individual stocks?
Replies: 15
Views: 1125

Re: Close to 93% of portfolio in individual stocks?

He mentioned that his portfolio is worth around 120k now.


That's a pretty small total for someone in their 50s. Maybe he's trying to play catch-up and thinks he needs to be aggressive by increasing his risk. Like I said earlier, too many variables.
by mickeyd
Sat Aug 01, 2015 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Auto Insurance - Consumer reports article/analysis
Replies: 12
Views: 999

Re: Auto Insurance - Consumer reports article/analysis

I read this article last night and was glad to see that USAA is still rated at the top. The quoted cost (about $800 I think) was even higher than what I pay annually. I like my low-cost, excellent customer service situation.

That's my simple analysis. 8-)
by mickeyd
Sat Aug 01, 2015 1:15 pm
Forum: Investing - Theory, News & General
Topic: Financial Advisor v. Bogle Approach?
Replies: 28
Views: 1802

Re: Financial Advisor v. Bogle Approach?

It can't really be as simple as Bogle makes it sound, or can it?


It is simple but it's not easy.
by mickeyd
Sat Aug 01, 2015 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: Close to 93% of portfolio in individual stocks?
Replies: 15
Views: 1125

Re: Close to 93% of portfolio in individual stocks?

Isn't this type of portfolio extremely risky for someone approaching his mid 50s?


It would be too risky for me, but may be perfect for your friend. Way too many variables involved for me to give a better response.
by mickeyd
Sat Aug 01, 2015 1:01 pm
Forum: Personal Consumer Issues
Topic: What's Your Monthly Food/Groceries Spending? My is through the roof?
Replies: 95
Views: 5470

Re: What's Your Monthly Food/Groceries Spending? My is through the roof?

According to the Discover Card Spend Analyzer' we have averaged $600/month over a 48 month period for groceries. That's for two adults. Add another $100 for eating out.
by mickeyd
Sat Aug 01, 2015 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: Should I roll my 401k to Wells Fargo or Fidelity?
Replies: 12
Views: 738

Re: Should I roll my 401k to Wells Fargo or Fidelity?

does anyone have an opinion as to what institution would be "better" for me to put the money?


Vanguard
by mickeyd
Wed Jul 29, 2015 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: Social Security and Expenses
Replies: 61
Views: 3421

Re: Retirees: Social Security and Expenses

A whole lot of it. It pays to examine all of the SS claiming strategies and wait until age 70.
by mickeyd
Sat Jul 25, 2015 1:51 pm
Forum: Investing - Theory, News & General
Topic: Swensen's "Unconventional Success..."
Replies: 5
Views: 421

Re: Swensen's "Unconventional Success..."

hey Tom,

I recall reading that book (also from our library) about 10 years ago and also liked it.
by mickeyd
Sat Jul 25, 2015 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Online Medicare account and Spousal SS benefits
Replies: 9
Views: 786

Re: Online Medicare account and Spousal SS benefits

mickeyd Not sure what that is An online account is set up through medicare.gov and allows you to look at your claims before you get them in the mail and has other functionalities such as chatting with an agent online, requesting a new card if yours gets lost, looking ahead to preventive services fo...
by mickeyd
Sat Jul 25, 2015 1:20 pm
Forum: Investing - Help with Personal Investments
Topic: Today's Vanguard Webinar On Bonds
Replies: 10
Views: 1538

Re: Today's Vanguard Webinar On Bonds

Did you submit your questions at the same time you registered? If so, I think there's a better chance that some of those got asked as opposed to those sent in during the broadcast. I have no way to verify, but, I suspect you are correct. It would take some effort to review, edit, organize, etc. the...
by mickeyd
Thu Jul 23, 2015 1:52 pm
Forum: Investing - Help with Personal Investments
Topic: Today's Vanguard Webinar On Bonds
Replies: 10
Views: 1538

Re: Today's Vanguard Webinar On Bonds

I viewed the Webinar and as usual it was well done. I was disappointed that not a single question was included about retirees and the problems they face or how their bond holdings might differ from investors in the accumulation phase I submitted a couple of Qs along those lines but neither was addre...
by mickeyd
Thu Jul 23, 2015 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Online Medicare account and Spousal SS benefits
Replies: 9
Views: 786

Re: Online Medicare account and Spousal SS benefits

I set up an online Medicare account. Not sure what that is, but I received SS benefits (as a spouse) for 4 years and was given a Medicare # associated with my wife's account. When I claimed my own SS benefits last November @ age 70, my Medicare # was changed to one associated with my SS#. How did I...
by mickeyd
Thu Jul 23, 2015 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Do Bogleheads plan to utilize Independent Living facilities?
Replies: 61
Views: 4338

Re: Do Bogleheads plan to utilize Independent Living facilities?

We have explored a number of CCRCs in TX and WI and like the concept quite a bit so in a few years we may be moving into a local one that is upscale and available.
by mickeyd
Sun Jul 19, 2015 6:03 pm
Forum: Investing - Help with Personal Investments
Topic: Liquidating [funds in UTMA account]
Replies: 15
Views: 1178

Re: Liquidating

Thanks for any help you can offer.


Welcome here. 8-)

If you need cash (looks like you do), sell the investment that gives you the best tax advantage. No one here knows what that is. You are looking for buy low, sell high here.
by mickeyd
Sun Jul 19, 2015 5:54 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 1001
Views: 161338

Re: What Movie Have You Recently Watched?

I viewed Lolita last night on TCM. What a great flick and TCM (with not breaks) makes it even better. Thanks TCM :beer
by mickeyd
Sun Jul 19, 2015 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: A retiree's personal experience...
Replies: 37
Views: 6570

Re: A retiree's personal experience...

Retired about 10 years ago. We have lived on DB/SSA income streams as they provide more than enough to pay all of our expenses so far. I will make my first RMD this year and will have the opportunity to have to decide what to do with all of that $. As I once read on this site~ "RMD is a require...
by mickeyd
Sun Jul 19, 2015 5:21 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard's new Personal Advisor Services
Replies: 56
Views: 8869

Re: Vanguard's new Personal Advisor Services

In terms of business model for VG it is an easy way to generate more revenue from an existing base of clients. So by providing some assistance they get a small bump in revenue for the same funds and the same clients. I am always thinking of ways that VG can lower my ER. This may factor in as a way ...
by mickeyd
Sat Jul 18, 2015 1:46 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard's new Personal Advisor Services
Replies: 56
Views: 8869

Re: Vanguard's new Personal Advisor Services

I received several emails from VG a few months ago and ignored them. I received a personal phone call from my Flagship rep about a week ago (20 minute call) and received a letter in the mail from VG yesterday encouraging me to "find out how having a dedicated senior financial advisor can help f...
by mickeyd
Thu Jul 16, 2015 4:32 pm
Forum: Investing - Theory, News & General
Topic: Vanguard ranked #1
Replies: 12
Views: 2327

Re: Vanguard ranked #1

VG finishes #1 in my book every year also. :D
by mickeyd
Sun Jul 12, 2015 6:02 pm
Forum: Personal Consumer Issues
Topic: Selling a used car
Replies: 27
Views: 2170

Re: Selling a used car

Several years ago I had a Camry that was 10+ years old and I needed to get rid it- just to get it out of the garage. I ended up donating it to St. Vincent DePaul who ended up getting $1800 for that junker. Happy all around. :D
by mickeyd
Sun Jul 12, 2015 2:18 pm
Forum: Investing - Theory, News & General
Topic: Mullainathan: Why Investing Is So Complicated
Replies: 30
Views: 2426

Re: NYTimes article reinforcing what we already know

The annual fees came to less than 0.2 percent. If the fees aren’t obvious, or if they are much higher than this, watch out.


Pretty good general advice. TSM @ 0.05% ER fits this pretty well.
by mickeyd
Fri Jul 10, 2015 3:08 pm
Forum: Personal Consumer Issues
Topic: ConsumerReports MoneyAdviser
Replies: 6
Views: 1003

Re: ConsumerReports MoneyAdviser

Does anyone have suggestions for any similar publication besides the parent publication? Thanks in advance.


Nothing that they print is as timely or as accurate as you will receive at this old reliable Boglehead site. :greedy
by mickeyd
Fri Jul 10, 2015 3:02 pm
Forum: Personal Consumer Issues
Topic: Vanguard phonecall asking for personal information
Replies: 47
Views: 3788

Re: Vanguard phonecall asking for personal information

I received an unsolicited phone call yesterday from my Flagship rep. We had only spoken a few times over the last 10 years. She said that she was just following up on a few issues that we had discussed a few months ago regarding RMD. I enjoyed to 20 minute call but when we got to the end of the call...
by mickeyd
Sun Jul 05, 2015 10:47 pm
Forum: Personal Consumer Issues
Topic: New Book Titles from Nisiprius Press
Replies: 25
Views: 4706

Re: New Book Titles from Nisiprius Press

boxed set with Corinthian leather


That stuff is not nearly as good as "fine Corinthian leather" that was used years ago on certain automobile seats.
by mickeyd
Sun Jul 05, 2015 10:35 pm
Forum: Investing - Help with Personal Investments
Topic: Re: Advice on Whole Life Insurance as part of retirement portfolio
Replies: 40
Views: 1432

Re: Advice on Whole Life Insurance as part of retirement portfolio

a whole life policy that pays 5% dividends is better than what I earn on my IBonds, Money Market Funds, etc.


WL dividends are nothing more than a return of overpaid premium. That's why they are not taxable. Someone has misinformed you.
by mickeyd
Sun Jul 05, 2015 10:08 pm
Forum: Investing - Theory, News & General
Topic: What ratio are you stocks/bonds and how old are you?
Replies: 278
Views: 27877

Re: What ratio are you stocks/bonds and how old are you?

My mindset has been that since I'm good with what I have for the most part I can be a bit more conservative. But given lots of the responses (people my age and older having 75% in equities)...wow, maybe I'm way too conservative!


You're not them and they're not you. Stick with YOUR plan.
by mickeyd
Sat Jul 04, 2015 2:30 pm
Forum: Investing - Theory, News & General
Topic: Morningstar/Kitces -- Social Security as Part of Asset Allocation
Replies: 34
Views: 3932

Re: Morningstar/Kitces -- Social Security as Part of Asset Allocation

In defense of Kitces, he was responding to a hypothetical situation regarding Jack Bogle's comments about T-D funds and SS that Benz posed. Sort of a "what if" situation. It's not clear how he personally thinks about it (two different hats).

Interesting discussion though.
by mickeyd
Wed Jul 01, 2015 4:54 pm
Forum: Investing - Theory, News & General
Topic: Morningstar/Kitces -- Social Security as Part of Asset Allocation
Replies: 34
Views: 3932

Re: Morningstar/Kitces -- Social Security as Part of Asset Allocation

Thanks for that link. I have always thought of my SS, retired military and VA income streams as kind-of TIPS fund. Glad to hear that Kitces does too.
by mickeyd
Wed Jul 01, 2015 4:34 pm
Forum: Investing - Theory, News & General
Topic: TIPS - Did you give up?
Replies: 112
Views: 11624

Re: TIPS - Did you give up?

About 20% of my FI allocation is in ST TIPS fund. I used to be close to 50% of FI in TIPS but now that I am entitled to COLAd income streams from SSA, retired military, and VA I think that I have that partially covered, thus my reduction to 20%.
by mickeyd
Sun Jun 28, 2015 1:21 pm
Forum: Investing - Help with Personal Investments
Topic: No gain in 9 months of investment
Replies: 23
Views: 4748

Re: No gain in 9 months of investment

As all good Bogleheads know, investing in Vanguard mutual funds is a marathon, not a sprint.

Stay the course.
by mickeyd
Sun Jun 21, 2015 3:58 pm
Forum: Investing - Theory, News & General
Topic: Retirees: Did you spend much time wringing your hands over Retirement Savings as Many on Forum Do Today?
Replies: 98
Views: 14704

Re: Retirees: Did you spend much time wringing your hands over Retirement Savings as Many on Forum Do Today?

Nope.

I have always understood that most of my contemporaries had no long-term retirement plan. Since I did, and they did not, I knew that I would win in the end.
by mickeyd
Sun Jun 21, 2015 3:48 pm
Forum: Investing - Theory, News & General
Topic: Why do Bogleheads/BiggerPocketers think there is only one way?
Replies: 123
Views: 14550

Re: Why do Bogleheads/BiggerPocketers think there is only one way?

My question is why can't these two groups coexist?


They do coexist.

My question is~ Why try to pick a fight on your initial post?

BTW, welcome to the group.
by mickeyd
Sat Jun 20, 2015 2:33 pm
Forum: Investing - Theory, News & General
Topic: A Look Inside Jack Bogle's Office
Replies: 27
Views: 5372

Re: A Look Inside Jack Bogle's Office

Thanks Mel. Like this broken wheel reference •Bogle has always stressed the importance of stripping out fees and expenses whenever possible. His office illustrates the point: The rug, desk and couches are decades old, and he replaced his desk chair only recently, after its wheels broke. Made me smil...
by mickeyd
Sat Jun 20, 2015 2:06 pm
Forum: Investing - Theory, News & General
Topic: "An Interview With A Boglehead"
Replies: 18
Views: 2836

Re: "An Interview With A Boglehead"

Thanks for the article Taylor.

I liked this quote from Robert XXX
Accept what the market gives. Don’t try to beat it.
by mickeyd
Sat Jun 06, 2015 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Your Home Equity / Net Worth Ratio?
Replies: 119
Views: 8396

Re: Your Home Equity / Net Worth Ratio?

1. <10%
2. yes
3. SWAG 25%
by mickeyd
Sat Jun 06, 2015 1:13 pm
Forum: Personal Consumer Issues
Topic: D-Day message from France
Replies: 27
Views: 3053

Re: D-Day message from France

Wonderful photo. Thanks for posting.

France bailed US out in 1776 and we helped bail them out in 1944.
by mickeyd
Sat Jun 06, 2015 1:07 pm
Forum: Investing - Help with Personal Investments
Topic: Lifestrategy Expense Ratio
Replies: 6
Views: 856

Re: Lifestrategy Expense Ratio

The LS fund does not add an additional ER on top.


I think that is true for all of Vanguard's fund-of-funds.
by mickeyd
Sat Jun 06, 2015 1:02 pm
Forum: Investing - Theory, News & General
Topic: Year long hiatus from Bogleheads: How I found the 3-fund portfolio was right for me
Replies: 40
Views: 5236

Re: Year long hiatus from Bogleheads: How I found the 3-fund portfolio was right for me

I’ll still likely reach my goals and minimize my stress level at the same time. There's a lot to be said for simplicity. I simplified my accounts last year and can really appreciate the basis of your argument. My return has not seemed to have changed much and I have fewer distractions. Like I said,...
by mickeyd
Sat Jun 06, 2015 12:55 pm
Forum: Investing - Theory, News & General
Topic: Fidelity study identifies the most successful investors!
Replies: 34
Views: 4635

Re: Fidelity study identifies the most successful investors!

I think that the underlying message in this is that if you don't mess with your investment accounts, in the long run your will flourish financially. Even if you die.
by mickeyd
Sun May 31, 2015 4:09 pm
Forum: Investing - Theory, News & General
Topic: Ed Slott 'infomercial' on MPT [Maryland Public TV]
Replies: 21
Views: 2127

Re: Ed Slott 'infomercial' on MPT

I just have a hard time convincing myself that the powers-to-be (our gov't) won't change the rules down the road on the Roth IRA laws and pull the rug out from under us.


I am shocked, shocked, that you do not believe that your own US government does not have your best interest at heart. 8-)
by mickeyd
Sun May 31, 2015 2:02 pm
Forum: Investing - Theory, News & General
Topic: Ed Slott 'infomercial' on MPT [Maryland Public TV]
Replies: 21
Views: 2127

Re: Ed Slott 'infomercial' on MPT

I recall seeing him pitch his DVDs on PBS last year. Sounds like what you have seen also. I wonder what his "deal" with PBS is? You pledge $ to PBS and they send you DVDs. I doubt that he is doing it for free. For what it's worth, his presentation on PBS looked very much like an infomercia...
by mickeyd
Sun May 31, 2015 1:47 pm
Forum: Investing - Theory, News & General
Topic: Equity/Bond Allocation - Do Same Rules Always Apply?
Replies: 9
Views: 1022

Re: Equity/Bond Allocation - Do Same Rules Always Apply?

I am currently at a 85:15 equity/bonds allocation. When I was your age (I am now 70) I had about the same AA (80/20) but soon reduced equity to 70, then 60, and now at 50/50. This is the AA that fits my situation. My situation is a bit different than yours. I say this to bring home the point that w...
by mickeyd
Sun May 31, 2015 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Western Governor's University (WGU)
Replies: 15
Views: 1725

Re: Western Governor's University (WGU)

I recently read about another online university (Everest?) that went belly up and all students were left high/dry with no way to transfer credits or graduate. They just became creditors in the bankrupt company that ran the place. This is always a real possibility with the many online diploma mills t...
by mickeyd
Fri May 22, 2015 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Share your networth progression
Replies: 226
Views: 50281

Re: Share your networth progression

I don't have any numbers to share as it's too much work to dig them up.

1. LBYM

2. Save/invest regularly

3. Invest in equities over the long term

4. Enjoy retirement
by mickeyd
Fri May 22, 2015 3:54 pm
Forum: Investing - Theory, News & General
Topic: W. Buffett can earn 50% return, why don't you?
Replies: 31
Views: 3423

Re: W. Buffett can earn 50% return, why don't you?

I really don't care what return WB gets or what return other BHs get.

I am selfish that way.

I only care what my return is.
by mickeyd
Sun May 10, 2015 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: $25K Whole Life policy for daughter - $130/year - keep it?
Replies: 10
Views: 1314

Re: $25K Whole Life policy for daughter - $130/year - keep it?

"why do we even have this thing?"


That seems to be the right thinking. If she does not have a LI need, consider cashing it in.
by mickeyd
Sun May 10, 2015 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Frugality Reinforced - The Millionaire Next Door
Replies: 84
Views: 13201

Re: Frugality Reinforced - The Millionaire Next Door

Like others here, I read MND many years ago and saw myself on those pages so I had an inkling that I was doing the right things. Now I'm sure of it.
by mickeyd
Thu May 07, 2015 5:49 pm
Forum: Investing - Theory, News & General
Topic: Washington Post commentary on Buffett and Vanguard
Replies: 2
Views: 933

Re: Washington Post commentary on Buffett and Vanguard

Nice article. Thanks for posting.

It has $3.1 trillion under management, two-thirds of which is invested in 79 index funds, the first of which opened in 1976.

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