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Re: Get 17% in russian savings account?

17%= Ruski Risk
by mickeyd
Tue Jan 27, 2015 11:39 am
 
Forum: Investing - Theory, News & General
Topic: Get 17% in russian savings account?
Replies: 49
Views: 4388

Re: Get 17% in russian savings account?

Just heard this AM that Russian bonds have been downgraded to junk by S&P. I look for my risk in the equity part of my AA, so I'd pass on this risky opportunity.
by mickeyd
Mon Jan 26, 2015 3:59 pm
 
Forum: Investing - Theory, News & General
Topic: Get 17% in russian savings account?
Replies: 49
Views: 4388

Re: Vanguard Flagship Service Experience

I agree with the first response you received. Flagship reps are not really there to give you investment ideas. Seems some may do so but none was ever offered to me, and I never requested it. Use of a different team to provide an investment strategy is offered, but not provided by the rep assigned. ...
by mickeyd
Mon Jan 26, 2015 3:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard Flagship Service Experience
Replies: 12
Views: 2274

Re: OLD AGE PENNY PINCHERS

But in response to the OP, why would an income stream, not be counted as wealth? It seems like that is the very definition of wealth.


If you are (were) employed, do (did) you include your future income as a current asset?
by mickeyd
Mon Jan 26, 2015 3:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Clements - 4 strategies for those close to retirement]
Replies: 25
Views: 3242

[Clements - 4 strategies for those close to retirement]

This is a solid (as usual) WSJ piece by Jonathan Clements. I don't find much to not agree with, but I do not understand #3. He refers to Prof. Munnell's research, but refers to 2 "assets" that I (we?) don't usually include when listing our retirement assets. When did the value assigned to ...
by mickeyd
Mon Jan 26, 2015 2:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Clements - 4 strategies for those close to retirement]
Replies: 25
Views: 3242

Re: WHAT EXPERTS SAY

HBD Taylor.

BTW, thanks for getting the S&P to bump up almost 100X! Keep up the good work.
by mickeyd
Sun Jan 25, 2015 3:25 pm
 
Forum: Investing - Theory, News & General
Topic: What Experts Say [about various investing topics]
Replies: 49
Views: 2892

Re: Vanguard Flagship Service Experience

If you were invested elsewhere, how was your prior experience with the previous company (include name if you wish) compared to Vanguard? How much do you expect you're saving annually in fee's and expense ratios from previously held funds? Welcome Swampy, I have always been a Flagship client (I thin...
by mickeyd
Sun Jan 25, 2015 3:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard Flagship Service Experience
Replies: 12
Views: 2274

Re: $1 and $2 foreign tax paid - file? refundable credit?

Should they file?


By all means file for the cash refund. To do otherwise will just encourage them! 8-)
by mickeyd
Sun Jan 25, 2015 2:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: $1 and $2 foreign tax paid - file? refundable credit?
Replies: 6
Views: 576

Re: Preparing for RMDs

does it make sense to convert small amounts each year from my tsp to roth ira (as long as it doesn't push me out of the 25% tax bracket and into the 28% tax bracket)? Welcome to the forum moneytalks. It would be wise to consider this move as long as long as you have the funds (from another source) ...
by mickeyd
Sat Jan 24, 2015 1:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Preparing for RMDs
Replies: 60
Views: 4068

Re: Flagship financial planner advice?

We are considering signing up for this service in the future. While I am perfectly capable and interested in making spreadsheets and re-balancing myself, my husband would never do it if something happened to me. He simply isn't financially responsible or knowledgeable, nor does he have a desire to ...
by mickeyd
Sat Jan 24, 2015 12:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Flagship financial planner advice?
Replies: 54
Views: 5254

Re: Suze Orman: $100 into $860k, and cfiresim

Many folks spend a fair chunk of change on lottery tickets.


Some folks have a different retirement planning process than most of us do. 8-)
by mickeyd
Mon Jan 19, 2015 4:54 pm
 
Forum: Investing - Theory, News & General
Topic: Suze Orman: $100 into $860k, and cfiresim
Replies: 47
Views: 5115

Re: Suze Orman: $100 into $860k, and cfiresim

She'll have a new 30 minute, 5 day a week syndicated "people court" style show about money issues.


Judge Suze?
by mickeyd
Mon Jan 19, 2015 3:17 pm
 
Forum: Investing - Theory, News & General
Topic: Suze Orman: $100 into $860k, and cfiresim
Replies: 47
Views: 5115

Re: Advice: Considering surrendering newer Midland National

loans against cash value under the accumulated value would be tax-free? A loan against a LI policy is unlike a loan from the bank. They are charging you 6% in addition to $25 to get to your own cash! LI loans are not much more than a marketing gimmick. They are not taxed because it's your cash (und...
by mickeyd
Mon Jan 19, 2015 3:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice: Considering surrendering newer Midland National IUL
Replies: 7
Views: 447

Re: Dave Ramsey's bad advice at an all time high!

some companies like WalMart that hurt their employees as well as the government hand that feeds them. How does WalMart hurt their employees? How do they hurt the government? They hurt their employees by paying them low wages. They hurt the government by needing and qualifying for government assista...
by mickeyd
Sun Jan 18, 2015 4:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Dave Ramsey's bad advice at an all time high!
Replies: 40
Views: 6348

Re: A quick poll--pension annuity vs. lump sum

I considered taking it in a lump sum (thinking I could do better on my own) but I decided to take the pension on a monthly basis and I am very sure that this was the correct action for US. Can't say enough for fact that the guaranteed income stream will always be there in my checking account every s...
by mickeyd
Sun Jan 18, 2015 3:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: A quick poll--pension annuity vs. lump sum
Replies: 62
Views: 3654

Re: RMD withdrawals.

I turn 70 1/2 in 2015, and will be required to begin RMD's of my IRA, which is invested 65% bonds, (LT Corp/GNMA) 35% equities (Tot Stk Mkt Idx). I plan to reinvest the RMD into my personal taxable account. My question is, would it be better to take one withdrawal at the beginning of 2015, take mon...
by mickeyd
Sun Jan 18, 2015 3:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: RMD withdrawals.
Replies: 40
Views: 2878

Re: Why I like this forum

Nothing bad can come from participating in this forum on a regular basis. Nothing.
by mickeyd
Sun Jan 18, 2015 3:01 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Why I like this forum
Replies: 34
Views: 2266

Re: 5.6% stable value fund - what allocation?

I have access in my 401K to a fund that has a guaranteed return. For this year it is 5.6%.


I agree with others who question this remarkable rate. What company or fund is backing up this offer?
by mickeyd
Sun Jan 18, 2015 2:57 pm
 
Forum: Investing - Theory, News & General
Topic: 5.6% stable value fund - what allocation?
Replies: 12
Views: 946

Re: Flagship financial planner advice?

I met (over the phone) with a VG CFP a couple of times several years ago. The report that was provided was top quality.I appreciated having the opportunity of bouncing my ideas off of his knowledge and experience. Don't expect him to recommend any product other than Vanguard. At a cost of zero, it w...
by mickeyd
Sun Jan 18, 2015 2:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Flagship financial planner advice?
Replies: 54
Views: 5254

Re: Dave Ramsey's bad advice at an all time high!

some companies like WalMart that hurt their employees as well as the government hand that feeds them.


How does WalMart hurt their employees? How do they hurt the government?
by mickeyd
Sun Jan 18, 2015 2:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Dave Ramsey's bad advice at an all time high!
Replies: 40
Views: 6348

Re: Dave Ramsey's bad advice at an all time high!

why it's not disclosed to shareholders is if you really knew just how well they were compensated, you'd be screaming I would expect that employees of the world's largest MF company to be well compensated. What "shareholders" are you referring to? Vanguard is owned by it's investors isn't ...
by mickeyd
Sat Jan 17, 2015 3:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Dave Ramsey's bad advice at an all time high!
Replies: 40
Views: 6348

Re: Tony Robbins & Indexed Annuities

Mr. Robbins, a renowned self-help author


Do we really need another aging self-helper giving the public vague financial tips? He has always been in it for the quick buck and this is probably no difference.
by mickeyd
Sat Jan 17, 2015 1:55 pm
 
Forum: Investing - Theory, News & General
Topic: Tony Robbins & Indexed Annuities
Replies: 7
Views: 1198

Re: Dave Ramsey's bad advice at an all time high!

As repeated here dozens of times, Dave is great on debt management but often (usually) comes up short on actual investment advice. He seems to be pretty good when it comes to real estate investment, but that may be because it's an area that I have little knowledge in. When he recommends "a good...
by mickeyd
Sat Jan 17, 2015 1:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Dave Ramsey's bad advice at an all time high!
Replies: 40
Views: 6348

Re: Net Worth Survey, 2015 Edition

CloveLeaf wrote:Does the annual expense include income tax and FICA?


I have always included these items when calculating my expenses, since they are expenses also.
by mickeyd
Sat Jan 17, 2015 12:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Net Worth Survey, 2015 Edition
Replies: 132
Views: 21875

Re: Retirees: Do you work part-time for pay?

Shortly after I retired (10+ years ago) I thought that I had a need to stay busy (productive?) at something so I took the advice of a friend and wor*ed for a company that graded exams (scored tests?). As a degree was required to work there, I met a lot of smart, interesting folks. The best part of t...
by mickeyd
Wed Jan 14, 2015 4:44 pm
 
Forum: Personal Consumer Issues
Topic: Retirees: Do you work part-time for pay?
Replies: 58
Views: 4932

Re: Emergency Road Service..........

I signed up for my auto insurer's (USAA) roadside assist several years ago at a cost of about $1/month. I have had to use it 3-4 times. I feel that it is a cost effective way to cover that risk.
by mickeyd
Sat Jan 10, 2015 5:04 pm
 
Forum: Personal Consumer Issues
Topic: Emergency Road Service..........
Replies: 36
Views: 2867

Re: Bogleheads: Wealth and Happiness

My satisfaction (happiness?) is at a pretty darn high level and I suspect that my VG account balance is reflected in that level of satisfaction. Like others here @ BH, I do not consider us wealthy, just satisfied with the overall results of our long term planning.
by mickeyd
Sat Jan 10, 2015 2:12 pm
 
Forum: Personal Consumer Issues
Topic: Bogleheads: Wealth and Happiness
Replies: 16
Views: 2261

Re: Social Security and Pension Question:

SS and pension total approximately $95,000 per year. What are your annual expenses? If they are less than $95K you are in the driver's seat when it comes to AA. Take extra risk if you like since you are already covered. I am in a similar situation and recently changed AA from 60/40 to 50/50 since I...
by mickeyd
Sat Jan 10, 2015 2:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Social Security and Pension Question:
Replies: 36
Views: 3586

Re: 2015 BOGLEHEAD CONTEST REGISTRATION

Regal 56 wrote:
mickeyd wrote:I always go with an increase of 5%. That’s bound to be a winning strategy in 2015.

2161.85


I picked 2161.845. You’ll be sorry when I beat you by .005. Trust the calculator and never round up.


I'm prepared to come in 2nd place.
by mickeyd
Thu Jan 08, 2015 10:04 pm
 
Forum: Investing - Theory, News & General
Topic: 2015 BOGLEHEAD CONTEST REGISTRATION
Replies: 556
Views: 19739

Re: 50/50 simplicity

I decided to simplify my investment life about 6 months ago and changed my AA from 60/40 to 50/50 in addition to unloading REIT fund, part of my TIPS and my SCV tilt. I figured it would be easier to activate my RMD with a simpler program.

Simplicity is better.
by mickeyd
Wed Jan 07, 2015 9:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: 50/50 simplicity
Replies: 25
Views: 3135

Re: Net Worth Survey, 2015 Edition

Can't wait to see the final results.

Thanks for taking the time and effort to create this valuable survey.
by mickeyd
Sat Jan 03, 2015 4:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Net Worth Survey, 2015 Edition
Replies: 132
Views: 21875

Re: Poll: How long have you been with your current AA?

After having a 60/40 AA for about 10 years I changed it to 50/50 in July. At age 70 I need to reduce risk and add simplicity.
by mickeyd
Sat Jan 03, 2015 3:38 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: How long have you been with your current AA?
Replies: 44
Views: 2475

Re: [Annual POLL] What was your 2014 return?

My current portfolio (50/50 AA) delivered 9.28% return during 2014.

I was looking for a number closer to 10% but I re-jiggered my AA in July and went from 60/40 to 50/50. No doubt that had a final reducing effect on the stash.
by mickeyd
Fri Jan 02, 2015 3:51 pm
 
Forum: Investing - Theory, News & General
Topic: [Annual POLL] What was your 2014 return?
Replies: 144
Views: 14087

Re: Boglehead Recommended Vanguard Fund doing Poorly

Hi bogleheads, I have 70k in the Vanguard Lifestrategy Growth fund and 11k in my Vanguard Retirement 2050 IRA. Both of those have seem to be going up and down with very dramatic changes. I'm looking at the NASDAQ and other similar funds going up while mine are going down. Does this mean I chose a b...
by mickeyd
Fri Jan 02, 2015 3:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Boglehead Recommended Vanguard Fund doing Poorly
Replies: 32
Views: 5684

Re: New $1 additional investment minimum at Vanguard

Seems like those $1 investments would tend to increase the ER.
by mickeyd
Fri Jan 02, 2015 3:31 pm
 
Forum: Investing - Theory, News & General
Topic: New $1 additional investment minimum at Vanguard
Replies: 11
Views: 2520

Re: [Poll] Why do you use indexing? (select multiple)

Voted low cost but had to narrow it down to that and diversification. Low cost won out because you can get diversification in other places but there are few other places that deliver the low cost that I require.
by mickeyd
Fri Jan 02, 2015 3:26 pm
 
Forum: Investing - Theory, News & General
Topic: [Poll] Why do you use indexing? (select multiple)
Replies: 26
Views: 1612

Re: 2015 BOGLEHEAD CONTEST REGISTRATION

I always go with an increase of 5%. That's bound to be a winning strategy in 2015. :greedy

2161.85
by mickeyd
Fri Jan 02, 2015 3:20 pm
 
Forum: Investing - Theory, News & General
Topic: 2015 BOGLEHEAD CONTEST REGISTRATION
Replies: 556
Views: 19739

Re: Faking your way through sports small talk

I don't want this to hinder my career success, even if in a subtle way.


Try this~ "I hate football but I adore ballet!" The topic of conversation will quickly change. 8-)
by mickeyd
Mon Dec 29, 2014 4:59 pm
 
Forum: Personal Consumer Issues
Topic: Faking your way through sports small talk
Replies: 34
Views: 1855

Re: Poll: Total cost of 2-yr cell phone ownership?

Way, way less than $1000. Our "plan" only charges about $1.50/month in fees plus .26/minute. We have had the phone for a while and have no idea what the cost to purchase it was. Most bills are less than $2/month as DW seldom uses it and I have never used it as I like to stay under the grid.
by mickeyd
Mon Dec 29, 2014 4:54 pm
 
Forum: Personal Consumer Issues
Topic: Poll: Total cost of 2-yr cell phone ownership?
Replies: 54
Views: 3166

Re: Retiree Poll:What is your current AA?

After many years of riding the 60/40 train I moved it to 50/50 this year at the same time as I simplified my whole AA by cutting out my SCV tilt, reducing my TIPS allocation, and eliminating my <5% REIT piece. This should make it easier to decide on what funds to tap in 2015 when I have to begin RMD.
by mickeyd
Mon Dec 29, 2014 4:31 pm
 
Forum: Investing - Theory, News & General
Topic: Retiree Poll:What is your current AA?
Replies: 85
Views: 6977

Re: How much more do rebate cards cost than checks?

now companies have switched to a prepaid rebate card (mastercard/visa/amex).

WHY?


Don't know why either but this is why I always use my cash back bucks to reduce my CC statement each month. I use it all up and pay the CC company ( DC or MC) the balance.
by mickeyd
Mon Dec 29, 2014 4:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much more do rebate cards cost than checks?
Replies: 13
Views: 778

Re: retirement spending covered by SS

Not sure what the number is, but between SS and pensions, our 7 income streams seem to provide enough monthly cash to pay all of our bills/expenses most months.
by mickeyd
Mon Dec 29, 2014 4:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: retirement spending covered by SS
Replies: 34
Views: 2423

Re: Tipping for take out

If you tip your bartender for handing you a beer, you should tip the folks at the restaurant for packaging your take-out meal. I may tip my favorite lap dancer $5 at a local gents club, but her job is pretty-much all service. The beer is extra. $5 ??? I think that it has been a few years since you ...
by mickeyd
Mon Dec 29, 2014 3:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tipping for take out
Replies: 74
Views: 8541

Re: Do I need small cap?

For many years I had a small cap value tilt and it probably gave me a slight edge in the TR department. I no longer enjoy that tilt as I have decided to simplify my entire AA and coast to the bottom of the hill.
by mickeyd
Sat Dec 27, 2014 2:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do I need small cap?
Replies: 8
Views: 1465

Re: [Poll] What's Your Tax Prep Strategy?

Will probably use TT again this year because VG offers it and I am familiar with it. Will probably go for the $9.99 upgrade due to Schedule D issues.
by mickeyd
Sat Dec 27, 2014 2:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Poll] What's Your Tax Prep Strategy?
Replies: 70
Views: 5028

Re: What percentage of your retirement expenses will be cove

100%+. This was not what I planned, but after maxing out SS and pensions, it's how it turned out. Now must decide how to spend my RMD $ that needs to be addressed in 2015.
by mickeyd
Fri Dec 26, 2014 3:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: What percentage of your retirement expenses will be covered
Replies: 34
Views: 3557

Re: Who directs your financial advice?

No one alive can give me the advice that I give myself when it comes to investing and financial matters.
by mickeyd
Fri Dec 26, 2014 2:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Who directs your financial advice?
Replies: 13
Views: 1023

Re: 92 y/o grandfather AA 90+% stocks

He is living very comfortably off the dividends from his stocks and stock funds. My advice would be to sit down with this wise investor and get more first hand advice and while you are at it, ask him what he thinks of your long-term investment plan. Taking advantage of that kind of real-world exper...
by mickeyd
Fri Dec 26, 2014 2:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: 92 y/o grandfather AA 90+% stocks
Replies: 35
Views: 3979

Re: Paying for a Copy of Annunity Contract Language?

I agree, it seems a little petty for the insurance company to charge for a copy of the contract. On the other hand, all buyers are sent a copy of the accepted contract and they should keep them in a secure place. These contract forms are not just lying around. They include the initial investment, o...
by mickeyd
Fri Dec 26, 2014 1:04 pm
 
Forum: Investing - Theory, News & General
Topic: Paying for a Copy of Annunity Contract Language?
Replies: 14
Views: 1829

Re: Car purchase: Buy or Finance

A few years ago I bought a Toyota Corolla and was prepared to pay cash for it and asked about any last second deal that they could offer me to seal it. They mentioned a 0% 36 month for those with a great FICO score. I took that and kept my cash. Just finished paying it off; now I have a bunch of $ l...
by mickeyd
Tue Dec 23, 2014 3:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Car purchase: Buy or Finance
Replies: 41
Views: 4462
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