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Re: Retirement portfolio checkup

Hello all, I would be grateful for any comments: Emergency funds: One year's expenses net of Social Security benefits. Debt: None Tax Filing Status: Married Filing Jointly Tax Rate: 10% Federal, State: N/A State of Residence: Texas Age: 67, spouse 68 Desired Asset allocation: 40% stocks / 60% bonds...
by midareff
Mon Apr 21, 2014 4:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retirement portfolio checkup
Replies: 3
Views: 582

Re: Good scotch recommendations, where to buy

Jameson 18 is my favorite but limit myself to one a year (B-Day) due to costs. Lots of good single malts out there.
by midareff
Mon Apr 21, 2014 3:39 pm
 
Forum: Personal Consumer Issues
Topic: Good scotch recommendations, where to buy
Replies: 43
Views: 2229

Re: Paranoia or just hard to adjust? [High Price of Real Est

You should probably compare the value of your current to that of the new place in terms of price per square foot and decide if the difference (if there is one) is worth it to you. As far as price per square I'd be moving down, quite a bit but to a much larger apartment. View there is river front an...
by midareff
Mon Apr 21, 2014 3:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paranoia or just hard to adjust? [High Price of Real Estate]
Replies: 19
Views: 1977

Re: 401k vs Pension

What is the average? 3 or 5 year average? What is the typical ending average salary given the formula for an employee undertaking similar type work for the state now? Let's use that figure because the state may or may not give increases in the future to keep a lid on pension expense. Please answer ...
by midareff
Mon Apr 21, 2014 11:26 am
 
Forum: Personal Finance (Not Investing)
Topic: 401k vs Pension
Replies: 15
Views: 1225

Re: How is your Tax-Advantage Portfolio Different?

While you are in the accumulation portion of your life the assets which generate the (expected) highest tax bill from distributed dividends, LT and ST capital gains should be placed (to the greatest extent possible) in tax advantaged space. Due to constraints on contribution limits and the availabil...
by midareff
Mon Apr 21, 2014 11:19 am
 
Forum: Investing - Theory, News & General
Topic: How is your Tax-Advantage Portfolio Different?
Replies: 17
Views: 1013

Re: Paranoia or just hard to adjust? [High Price of Real Est

Directly on the river a couple of blocks (easterly) from where US41 crosses the Caloosahatchee river. South side.
by midareff
Mon Apr 21, 2014 10:55 am
 
Forum: Personal Finance (Not Investing)
Topic: Paranoia or just hard to adjust? [High Price of Real Estate]
Replies: 19
Views: 1977

Re: Paranoia or just hard to adjust? [High Price of Real Est

Thanks for the replies. I'm just on the fence and having some problems getting off it, on either side. The pluses for us are a much larger water front balcony which is screened (24x12), a significantly larger apartment with over 2200 sq. ft. under air (vs. 1400 now) and the many restaurants, cafes, ...
by midareff
Mon Apr 21, 2014 10:28 am
 
Forum: Personal Finance (Not Investing)
Topic: Paranoia or just hard to adjust? [High Price of Real Estate]
Replies: 19
Views: 1977

Paranoia or just hard to adjust? [High Price of Real Estate]

Background.... 66 married, lived in same place 10 years as owner, 7 years as a renter before that, 7 years as owner prior. Retired now with stable cola'd pension, SS and a port that meets our needs at >30 X withdrawal rate for its contribution. Wife is foreign national who uses her overseas income t...
by midareff
Sun Apr 20, 2014 2:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paranoia or just hard to adjust? [High Price of Real Estate]
Replies: 19
Views: 1977

Re: settling estate with negative net worth

I'd mark any demand letters as Deceased Without Assets, and return them.
by midareff
Sat Apr 19, 2014 11:58 am
 
Forum: Personal Finance (Not Investing)
Topic: settling estate with negative net worth
Replies: 3
Views: 641

Re: Cole taylor

You need PenFed..... www.penfed.org .. It is the Pentagon's Federal Credit Union. You join by opening a $5 savings account and donating $15 to a friends of the military organization, which you can do online with a credit card. Today's 30 year fixed is 4.25% with 0 points.
by midareff
Sat Apr 19, 2014 9:41 am
 
Forum: Personal Finance (Not Investing)
Topic: Cole taylor
Replies: 2
Views: 493

Re: POLL: why carry cash?

Less often than almost never. Outside of a toll plaza on a highway or bridge who doesn't take a cc? Fido Amex 2% cash back, Fido Visa 1.5%, Amex Cash Pref 6% on groceries, PenFed 5% on gas, ............... and your using cash for what? ... and passing on a couple of grand a year. Shame on you. You f...
by midareff
Sat Apr 19, 2014 9:36 am
 
Forum: Personal Finance (Not Investing)
Topic: POLL: why carry cash?
Replies: 216
Views: 6882

Re: SS Strategy Metric

rk... my metrics were real world. I has a 3% cola'd pension for life (well funded state), had xyz invested (2009-2010) with no expectations, and worked the math that I could get out at 64 (take SS then) and have a nice life.... at least nice as I know it which is probably a B+ or A- - lifestyle, onl...
by midareff
Sat Apr 19, 2014 9:33 am
 
Forum: Personal Finance (Not Investing)
Topic: SS Strategy Metric
Replies: 55
Views: 3096

Re: Lock now or hope rates inch downward?

I've been watching too as a move looks like its in our immediate future. While we all want to hit the bottom, an eight of a point in interest or points is really just noise. You can have PenFed send you daily rate updates.
by midareff
Fri Apr 18, 2014 9:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Lock now or hope rates inch downward?
Replies: 5
Views: 666

Re: Bernstein retirement plan

Sarah... I'm mostly in agreement but have a younger wife and thereby a longer time period to protect. I use a mix, between 1:2 and 1:3 of ST to IT and Limited Term to IT. My drawdown works (more than 25X) assuming nothing but dividends comes from equities for the next 30 years. That's probably too c...
by midareff
Fri Apr 18, 2014 9:29 am
 
Forum: Investing - Help with Personal Investments
Topic: Bernstein retirement plan
Replies: 38
Views: 5016

Re: Asset allocation over time

Some of this depends on how you are doing, your withdrawal rate, and required portfolio longevity. I've been able to secure our life's needs in bonds, taxable and tIRA as time mandates, at a reasonable withdrawal rate .. so who cares about the rest although in our case it resembles 48/48/4 Equities/...
by midareff
Fri Apr 18, 2014 9:12 am
 
Forum: Investing - Theory, News & General
Topic: Asset allocation over time
Replies: 23
Views: 1230

Re: Another take on the "rebalancing bonus"

Great thread but there seems to be a dimension missing. If I'm 35 years old and my AA drifts from 65/35 to 75/25 I'd probably rebalance ..... as I would if the opposite occurred. Now lets assume I'm 66 and my AA is 45/55, and the 55 represents best estimate of required monthly withdrawals for the co...
by midareff
Thu Apr 17, 2014 11:21 am
 
Forum: Investing - Theory, News & General
Topic: Another take on the "rebalancing bonus"
Replies: 63
Views: 3549

Re: Frugality regret: What thing do you regret not spending

Very tough question to answer for me. In my background my parents retired at 62 and we moved to Florida. While still in NY dad listened on radio to the daily market results. I was an investor in training before I could sit at the dinner table. Having said that retirement was in my sights early on, a...
by midareff
Wed Apr 16, 2014 4:45 pm
 
Forum: Personal Consumer Issues
Topic: Frugality regret: What thing do you regret not spending on?
Replies: 112
Views: 14282

Re: Frugality regret: What thing do you regret not spending

Very tough question to answer for me. In my background my parents retired at 62 and we moved to Florida. While still in NY dad listened on radio to the daily market results. I was an investor in training before I could sit at the dinner table. Having said that retirement was in my sights early on, a...
by midareff
Wed Apr 16, 2014 4:44 pm
 
Forum: Personal Consumer Issues
Topic: Frugality regret: What thing do you regret not spending on?
Replies: 112
Views: 14282

Re: ordinary income on a stock sale?

I can see capital gain or loss from a sale, either short term, long term or with varied acquisition dates, both. Not dividends from a sale.
by midareff
Wed Apr 16, 2014 4:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: ordinary income on a stock sale?
Replies: 5
Views: 255

Re: Does this strategy invite unnecessary risk?

Sounds like a variation of the "LARRY" portfolio. Search it on the site. (Larry Swedroe)
by midareff
Wed Apr 16, 2014 4:14 pm
 
Forum: Investing - Theory, News & General
Topic: Does this strategy invite unnecessary risk?
Replies: 42
Views: 2561

Re: Most solid small car

Have the C350 4dr about 18 months now and love it. Zero issues and very respectable gas mileage for the type of traffic and speed limits it spends most of the time in. BTW, if you can tough it out until the end of the year they will probably do the every year special which includes a rebate for movi...
by midareff
Wed Apr 16, 2014 12:11 pm
 
Forum: Personal Consumer Issues
Topic: Most solid small car
Replies: 25
Views: 3138

Re: Toaster Ovens

Wife loves the Brevile.. the larger one with convection. Any kinds of muffins, bread, etc.
by midareff
Wed Apr 16, 2014 12:06 pm
 
Forum: Personal Consumer Issues
Topic: Toaster Ovens
Replies: 15
Views: 980

Re: The Case for Dividend Stocks in Retirement (article)

If the cow is growing at 2lbs/yr and your eating 1 lb/yr, how many years will it take to consume the cow? "The math is such that a person living from dividend stocks ends up in the same place as a person selling shares, provided given that the total returns of the two portfolios are exactly th...
by midareff
Mon Apr 14, 2014 6:04 pm
 
Forum: Investing - Theory, News & General
Topic: The Case for Dividend Stocks in Retirement (article)
Replies: 27
Views: 2248

Re: Software for Own Investing Plan/Rebalance

I like the idea of a spreadsheet a lot! It takes all the emotion out of rebalancing decisions. You can incorporate rebalancing bands into the spreadsheet as well. I think it's an excellent exercise for an individual to build their own with Excel, especially if they don't have a lot of Excel experie...
by midareff
Mon Apr 14, 2014 12:03 pm
 
Forum: Investing - Theory, News & General
Topic: Software for Own Investing Plan/Rebalance
Replies: 11
Views: 683

Re: suggestion for awd luxury sedan

I vote for the MB. I am 18 months into a MB C350 and love it.n
by midareff
Mon Apr 14, 2014 10:38 am
 
Forum: Personal Consumer Issues
Topic: suggestion for awd luxury sedan
Replies: 44
Views: 3473

Re: The Case for Dividend Stocks in Retirement (article)

"The math is such that a person living from dividend stocks ends up in the same place as a person selling shares, provided that the total returns of the two portfolios are exactly the same." It would seem that given a sufficient time horizon one cow keeps giving milk while the other cow ge...
by midareff
Mon Apr 14, 2014 8:21 am
 
Forum: Investing - Theory, News & General
Topic: The Case for Dividend Stocks in Retirement (article)
Replies: 27
Views: 2248

Re: How much is rich?

Rich is what it takes to be retired and think you have a nice life while not thinking of money while on the pillow.
by midareff
Sun Apr 13, 2014 9:52 am
 
Forum: Personal Finance (Not Investing)
Topic: How much is rich?
Replies: 47
Views: 2462

Re: Retirement Check

Try the Fidelity Retirement Calculator. You have to be registered at the site to use it but registration is free.
by midareff
Sat Apr 12, 2014 12:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retirement Check
Replies: 12
Views: 1202

Re: Online Retirement Calculators

The best one I ever ran across is at Fidelity. You have to be registered (free) and it takes all your information in significant detail. You will go through all your expenses, then all investments before it gets into projections. Definitely worth a free sign up to have a look.
by midareff
Sat Apr 12, 2014 10:10 am
 
Forum: Personal Finance (Not Investing)
Topic: Online Retirement Calculators
Replies: 17
Views: 1705

Re: Corporate Bond in Tax-deferred vs Muni Bonds in Taxable

I've been looking at that same issue lately. Here is what current monthly returns tell me. IT Muni in taxable (VWIUX) ... last month's yield was 3.37% which seems to be a fair representation of the last few months return. I keep month to month records. IT Investment Grade ... last month's yield was ...
by midareff
Fri Apr 11, 2014 2:42 pm
 
Forum: Investing - Theory, News & General
Topic: Corporate Bond in Tax-deferred vs Muni Bonds in Taxable
Replies: 8
Views: 763

Re: Updating Windows 8 to 8.1

I went with a new computer with Win8 what seems to be about a year ago. I installed Start8 immediately which boots direct to the desktop just like Win 7 and XP did, and restores the lower left corner start menu with all its features. Everything works great and very fast including internet.
by midareff
Fri Apr 11, 2014 10:08 am
 
Forum: Personal Consumer Issues
Topic: Updating Windows 8 to 8.1
Replies: 15
Views: 1098

Re: Basic Home Theater System Recommendations

Sunny... I think the HDMI output on the Blueray is much more important. Actually, I can't image what need you would have for a HDMI input to a blueray. for If your TV does not have internet Wi-Fi then it is a must for your blue ray. In a typical system I would see the cable box or satellite controll...
by midareff
Fri Apr 11, 2014 9:30 am
 
Forum: Personal Consumer Issues
Topic: Basic Home Theater System Recommendations
Replies: 18
Views: 947

Re: emerging markets should they be in your portfolio

Interesting article ... thanks for the perspective Larry. With VSS @ 18.4% Emerging and VXUS @ 16.9%, and then looking at the share of equities they occupy it seems a few additional % of Emerging would fit right in. I'll consider it.
by midareff
Thu Apr 10, 2014 8:52 am
 
Forum: Investing - Theory, News & General
Topic: emerging markets should they be in your portfolio
Replies: 14
Views: 1501

Re: Do I take the separation package offer?

Take the money honey, the party is OVER, the fat lady has sung. Welcome to the promised land.
by midareff
Wed Apr 09, 2014 7:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do I take the separation package offer?
Replies: 50
Views: 4644

Re: Heartbleed Web Hack Test on Websites of Interest Here

I used two of the Heartbleed test sites today on 27 different sites, some financial, some like eBay and PayPal, etc., and found none failed. Regardless, I spent most of the day changing passwords as a precautionary measure.

http://possible.lv/tools/hb/

http://filippo.io/Heartbleed/
by midareff
Wed Apr 09, 2014 6:24 pm
 
Forum: Personal Consumer Issues
Topic: heartbleed - widespread internet security problem
Replies: 175
Views: 16458

Re: Expensive med. test not covered by insurance

I would check with medicare and see what they pay (ALLOW) for those tests. When you have that offer the company the medicare reimbursement rate and tell them you thought it was covered and can't handle the full price bill. Might be your lucky day.
by midareff
Wed Apr 09, 2014 5:38 pm
 
Forum: Personal Consumer Issues
Topic: Expensive med. test not covered by insurance
Replies: 74
Views: 3848

Re: Favorite Investing Book?

The Intelligent Asset Allocator by William Bernstein ... until that point perhaps 15 years ago, I had been reading volume after volume of stock market gibberish. That was the first book that made sense and with it the lights came ON. From there (no particular order) it was more Dr. B, Larry, Rick, J...
by midareff
Wed Apr 09, 2014 9:10 am
 
Forum: Investing - Theory, News & General
Topic: Favorite Investing Book?
Replies: 42
Views: 3258

Re: Question on tracking a portfolio

My portfolio has 5 ETF funds. As I purchase additional shares, how do I track my overall return with different purchase prices? Does simply averaging the purchase price of each transaction create an overall return for the portfolio and each individual holding? For example: 3 shares purchased at $10...
by midareff
Wed Apr 09, 2014 9:01 am
 
Forum: Investing - Help with Personal Investments
Topic: Question on tracking a portfolio
Replies: 7
Views: 377

Re: Credit Threatened By Mega Cell Carrier After Bill Disput

I think you should write the COO and/or CEO of the company. I suspect you will get a letter from customer relations quite quickly.
by midareff
Tue Apr 08, 2014 11:42 am
 
Forum: Personal Finance (Not Investing)
Topic: Credit Threatened By Mega Cell Carrier After Bill Dispute
Replies: 14
Views: 1122

Re: How do you walk away from a good job?

I think the first step is to stop wondering how to walk away. When the things you want to do become more important than the income your path will be clear, and you will at a minimum want to work less, maybe not at all. No point to wonder now... now should be Borden's time.. if you get my meaning. Le...
by midareff
Tue Apr 08, 2014 11:31 am
 
Forum: Personal Finance (Not Investing)
Topic: How do you walk away from a good job?
Replies: 29
Views: 3356

Re: How often do you rebalance to maintain your AA

I'm not on a schedule other than looking @ spreadsheets frequently. When equities run as far as they did last year I exchanged some for FI. I use a balance band system which compares asset values to each other and like to keep individual index funds within 10-15% of their range, and the equities/FI ...
by midareff
Tue Apr 08, 2014 9:43 am
 
Forum: Investing - Help with Personal Investments
Topic: How often do you rebalance to maintain your AA
Replies: 35
Views: 1676

Re: Best option for high interest earning no fee checking?

I'd like to bite the bullet and take all my money out of Vanguard Prime MM--has no real value to me. And park my emergency fund money in an FDIC-insured "high" interest paying checking or savings account. Preferably one with no monthly fees. How does one quickly do rate / fee comparisons ...
by midareff
Mon Apr 07, 2014 9:20 am
 
Forum: Investing - Help with Personal Investments
Topic: Best option for high interest earning no fee checking?
Replies: 19
Views: 1634

Re: Advice on negotiating price of home?

First, on your realtor friend. You can certainly ask them to run comps on this house for a fee. Offer to pay for this service. Realtors generally work for the seller, not the buyer. By this friend running comps, you know what the market is for houses that have sold with a commission. You can rightl...
by midareff
Mon Apr 07, 2014 9:11 am
 
Forum: Personal Finance (Not Investing)
Topic: Advice on negotiating price of home?
Replies: 14
Views: 1138

Re: Roadtrip to Hoover Dam,Grand Canyon,Sedona,Phoenix

There is a very famous dinner on Route 66 on the way to the Canyon ... LOL... You kill 'em we grill 'em.
by midareff
Mon Apr 07, 2014 9:10 am
 
Forum: Personal Consumer Issues
Topic: Roadtrip to Hoover Dam,Grand Canyon,Sedona,Phoenix
Replies: 26
Views: 1065

Re: Buffett hasn't beaten the market regularly since '07

I'd be surprised if he did while hauling that big cash anchor around.
by midareff
Sun Apr 06, 2014 9:21 am
 
Forum: Investing - Theory, News & General
Topic: Buffett hasn't beaten the market regularly since '07
Replies: 20
Views: 2416

Re: Investing in Equities, But Avoiding Market Top

The OP mentioned 70/30 as an AA so I assume he wanted a bit of feedback on that as well. Age in bonds or some variant such as age -10 in bonds, is much more mainstream and risk averse, especially for the less savvy. At age 60 a 70/30 portfolio is age -30, that's VERY aggressive and risky. You might ...
by midareff
Sat Apr 05, 2014 11:56 am
 
Forum: Investing - Help with Personal Investments
Topic: Investing in Equities, But Avoiding Market Top
Replies: 13
Views: 1097

Re: What would you do in this situation?

John3754 wrote:I would put it into the same asset allocation that I put the rest of my general assets into, it's the only thing that would make sense to me as this money is no different than any other money.


+1 ....
by midareff
Sat Apr 05, 2014 11:50 am
 
Forum: Investing - Help with Personal Investments
Topic: What would you do in this situation?
Replies: 9
Views: 648

Re: Three-fund portfolio returns and variance drain

Here are a few examples to illustrate the effect. A. You have $100 invested in something. The value goes up 10% one year, then down 10% the next year. How much is the investment worth? Answer: $99. You lost 1% of your original investment over the course of two years. Where did that extra dollar go?...
by midareff
Sat Apr 05, 2014 11:42 am
 
Forum: Investing - Theory, News & General
Topic: Three-fund portfolio returns and variance drain
Replies: 39
Views: 2471

Re: International Bond Allocation?

I see bond funds, once you have balanced costs and duration, and the credit quality you want to hold, as making and seasoning a stew to taste. Take a core of .. for the sake of this post and in an IRA, investment grade IT corporates. Stir in some ST IG and HY in %'s you are comfortable with. Let's r...
by midareff
Sat Apr 05, 2014 11:06 am
 
Forum: Investing - Help with Personal Investments
Topic: International Bond Allocation?
Replies: 24
Views: 1646

Re: Investment amount instead of allocation percentage

I could see someone taking this approach: Keep things simple and invest in an 80/20 fund and every time it reaches, say $500,000, take $100,000 off the table and move it into TBM. Lather. Rinse. Repeat. I'm not sure *I* would ever do that, but - psychologically - it sets up an area of protected/saf...
by midareff
Sat Apr 05, 2014 10:28 am
 
Forum: Investing - Theory, News & General
Topic: Investment amount instead of allocation percentage
Replies: 21
Views: 1533
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