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Re: Do you travel with friends in retirement?

I have traveled with friends on tours when I was single. Now wife and I would travel together.
by midareff
Wed Dec 17, 2014 9:30 am
 
Forum: Personal Consumer Issues
Topic: Do you travel with friends?
Replies: 26
Views: 1516

Re: What's your withdrawal rate for 2014?

I clicked on 3.0 to 3.5% but it is probably a bit under 3.0% that this year depending on how you calculate it.
by midareff
Wed Dec 17, 2014 8:02 am
 
Forum: Personal Finance (Not Investing)
Topic: What's your withdrawal rate for 2014?
Replies: 21
Views: 1610

Re: [POLL] What Fixed Income Assets Do You Use?

need space for munis
by midareff
Tue Dec 16, 2014 12:02 pm
 
Forum: Investing - Theory, News & General
Topic: [POLL] What Fixed Income Assets Do You Use?
Replies: 37
Views: 1685

Re: Should CASH be counted in allocation planning

I keep a year's portfolio draw, roughly 3%, in cash at Ally MM. I count it equities/fixed income/cash.
by midareff
Tue Dec 16, 2014 9:46 am
 
Forum: Investing - Help with Personal Investments
Topic: Should CASH be counted in allocation planning
Replies: 15
Views: 1077

Re: WHY is retirement enjoyable / something to look forward

Retired since April 1, 2012. My time is mine! .. well, mine and wifey (also retired). We do what we want, when we want. No bosses, no pressure, no stress. If we want to take a week to watch the leaves fall in the Smoky Mountains we do it. Want to go to Key West for fresh seafood.. off we go. The onl...
by midareff
Tue Dec 16, 2014 9:44 am
 
Forum: Personal Consumer Issues
Topic: WHY is retirement enjoyable / something to look forward to?
Replies: 135
Views: 6336

Re: Paying Estimated Taxes, Due Date, Paying Monthly/Online?

As part of finalizing tax for the now current year at the beginning of the year I do a TurboTax estimate of my tax for the next year. Pension and SS are finite, dividends are variable but have a range. I estimate a tad on the high side and schedule my EFTPS online quarterly from that. I'll look agai...
by midareff
Tue Dec 16, 2014 9:00 am
 
Forum: Personal Finance (Not Investing)
Topic: Paying Estimated Taxes, Due Date, Paying Monthly/Online?
Replies: 17
Views: 1545

Re: Volvo vs. Mercedes

The MB350 has a great motor and transmission. I'm getting 20mpg in all city driving (95%) with the sedan. Zero issues in 2 years, love the car.
by midareff
Mon Dec 15, 2014 1:18 pm
 
Forum: Personal Consumer Issues
Topic: Volvo vs. Mercedes
Replies: 47
Views: 3289

Re: Dealer Regular Sched. Maintenance Question

Dealers make money from the service end of the business. The more times they can get you in for service the more money they will make from you. I always figured the people who made the car (the manufacturer) had a real good idea what it needed to keep running properly. For a little fun ask them to q...
by midareff
Mon Dec 15, 2014 11:04 am
 
Forum: Personal Consumer Issues
Topic: Dealer Regular Sched. Maintenance Question
Replies: 15
Views: 784

Re: I'm an Irrational Bond Chicken Little

Had TBM existed what would this have looked like from, say 1970 to 1984? I'm going to guess that runaway inflation is far more damaging to bond funds than interest rate rises. Bonds had negative real returns around the 30-year period of 1950 - 1980, but that was more from huge inflation at the end ...
by midareff
Mon Dec 15, 2014 9:31 am
 
Forum: Investing - Help with Personal Investments
Topic: I'm an Irrational Bond Chicken Little
Replies: 32
Views: 2886

Re: What do you splurge on?

Yesterday I splurged on cameras. A new mirrorless DSLR and 2 new pocket cameras.
by midareff
Mon Dec 15, 2014 9:11 am
 
Forum: Personal Consumer Issues
Topic: What do you splurge on?
Replies: 215
Views: 18363

Re: I'm an Irrational Bond Chicken Little

I think caution is the key these days. I hold some short bond positions and was also thinking of moving them to intermediate term as the rest of my bonds are. In my thought process I looked at duration and distributions. ST IG is now distribution yielding 1.85% vs. 1.80% for IT Treasuries. ST IG has...
by midareff
Sun Dec 14, 2014 11:25 am
 
Forum: Investing - Help with Personal Investments
Topic: I'm an Irrational Bond Chicken Little
Replies: 32
Views: 2886

Re: Retirees: Withdrawals by time and amount

I started my early retirement with 2 years spending cash in an Ally online savings account earning .86%. I have an automatic monthly withdrawal sent to my checking account from which I pay all living expenses. After a year the Ally account is down to 1 year's worth of expenses and at the time I tra...
by midareff
Sun Dec 14, 2014 9:31 am
 
Forum: Investing - Theory, News & General
Topic: Retirees: Withdrawals by time and amount
Replies: 36
Views: 3404

Re: "Why Retirement at 65 is a Fairy Tale"

Well, mine were depression era kids who were extremely frugal. My father started working as a 9 year old kid working doing deliveries hauling packages up stairs in the neighborhood. .. that would have been 102 years ago. Mom was a kindergarten school teacher in NYC. They scrimped and saved all they...
by midareff
Fri Dec 12, 2014 2:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: "Why Retirement at 65 is a Fairy Tale"
Replies: 117
Views: 11425

Re: "Why Retirement at 65 is a Fairy Tale"

Most people will be OK with social security and medicare, they do not need to take cruises every year to be retirees. With all due respect....... we have very different opinions of what is OK in retirement! If you never had a plan and spent or wasted your money through your life you will "have...
by midareff
Fri Dec 12, 2014 12:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: "Why Retirement at 65 is a Fairy Tale"
Replies: 117
Views: 11425

Re: "Why Retirement at 65 is a Fairy Tale"

Most people will be OK with social security and medicare, they do not need to take cruises every year to be retirees. With all due respect....... we have very different opinions of what is OK in retirement! If you never had a plan and spent or wasted your money through your life you will "have...
by midareff
Fri Dec 12, 2014 11:44 am
 
Forum: Personal Finance (Not Investing)
Topic: "Why Retirement at 65 is a Fairy Tale"
Replies: 117
Views: 11425

Re: Gift to Yourself

I used to gift myself on my B-Day (December 28) instead of Xmas/Hanukkah. When I was a poor worker bee it was the promise of hard work and better times. When times got better it was a little something, nothing memorable. As things got still better and I rose through the ranks it might be a decent bo...
by midareff
Fri Dec 12, 2014 11:37 am
 
Forum: Personal Consumer Issues
Topic: Gift to Yourself
Replies: 34
Views: 3787

Re: Pay down mortgage or do nothing?

I think you are at the upper end of do nothing. The 4% interest deduct is beneficial at tax time and inflation makes it an effectively smaller monthly payment through time. Twenty-five years from now that payment will look like lunch money.
by midareff
Wed Dec 10, 2014 3:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pay down mortgage or do nothing?
Replies: 27
Views: 2382

Re: Why don't YOU follow Buffett's advice?

I don't follow Buffett's advice to the letter because I am not a billionaire, nor have I ever been a billionaire, nor will I ever be a billionaire. +1 and if his wife has 10% of his 30 billion dollar portfolio in bonds that 3 billion... a number I can't even relate too. If he only leaves her a bill...
by midareff
Wed Dec 10, 2014 3:00 pm
 
Forum: Investing - Theory, News & General
Topic: Why don't YOU follow Buffett's advice?
Replies: 114
Views: 7832

Re: What is your opinion about "tilting?"

I answered "I don't tilt. I think tilting is actually harmful--is actually inferior to holding the total market." In a friction-less vacuum I think tilting is probably harmless but since it costs more I would say it is probably likely to perform worse on a risk adjusted basis to the total...
by midareff
Wed Dec 10, 2014 11:06 am
 
Forum: Investing - Theory, News & General
Topic: What is your opinion about "tilting?"
Replies: 110
Views: 7171

Re: What is your opinion about "tilting?"

I tilt..... as an opinion I would offer .. In the world where a couple of basis points of cost makes a difference I believe (with conviction) you can get better returns and increased diversification by the judicious use of tilts, sectors and rebalancing for risk control, in both equities and FI. If ...
by midareff
Wed Dec 10, 2014 10:38 am
 
Forum: Investing - Theory, News & General
Topic: What is your opinion about "tilting?"
Replies: 110
Views: 7171

Re: Poll: Your Portfolio Tax Diversification

43% traditional, 52% IRA, 3% Roth, 2% cash. .. 67 and retired.
by midareff
Wed Dec 10, 2014 10:19 am
 
Forum: Investing - Theory, News & General
Topic: Poll: Your Portfolio Tax Diversification
Replies: 45
Views: 2421

Re: Leased car return question

For any of you good folks who have leased a car, What are the dealer expectations for acceptable "normal wear and tear" when returning a leased auto? Just wondering if small superficial scratches on the exterior should be fixed or if they would be considered "normal wear and tear&quo...
by midareff
Wed Dec 10, 2014 9:17 am
 
Forum: Personal Consumer Issues
Topic: Leased car return question
Replies: 11
Views: 1606

Re: What millionaires are buying for the holidays

They publish those articles because the common man has a fascination with wealth and wealthy people. We want to know about their fancy exotic cars, about their 12,000 square foot mansions, their tropical resort vacation spots, their designer jewelry, etc. They are giving the public what they want. ...
by midareff
Wed Dec 10, 2014 9:10 am
 
Forum: Personal Finance (Not Investing)
Topic: What millionaires are buying for the holidays
Replies: 13
Views: 2184

Re: Cash Back Credit Cards

Not to forget the Discover card which has categories but offers 5% the last quarter of the year for online AND has a new policy and lets you send ANY amount to your bank rather than wait for $25 or $50 to accrue. The quarterly cap is $1500 so I do the first $1500 online and then go back to FIDO AMEX...
by midareff
Wed Dec 10, 2014 9:01 am
 
Forum: Personal Finance (Not Investing)
Topic: Cash Back Credit Cards
Replies: 28
Views: 2700

Re: Cash Back Credit Cards

Add the AMEX Blue Cash Preferred for 6 % on groceries and Discover runs 5 % back on net buys this quarter.

BTW, just have them all set to pay in full monthly automatically and do not spend what u cant pay.
by midareff
Tue Dec 09, 2014 6:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cash Back Credit Cards
Replies: 28
Views: 2700

Re: Have you ever been let go?

I was about 33 when I was let go from the company I had been with for just about 11 years. The company had been sold and all management was summarily dismissed and headquarters relocated. I had a mortgage, a wife and baby and very little savings. It was traumatic. I decided to find a similar job in ...
by midareff
Tue Dec 09, 2014 2:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Have you ever been let go?
Replies: 74
Views: 5445

Re: How to Think About Risk in Retirement - Bernstein

One additional question not asked as of yet... I have all of the dividends from my taxable accounts deposited into my checking account each month/quarter. This reduces my need to tap principle in my investment accounts. In looking at 25 years of safe assets, should one consider your annual need fro...
by midareff
Tue Dec 09, 2014 2:31 pm
 
Forum: Investing - Theory, News & General
Topic: How to Think About Risk in Retirement - Bernstein
Replies: 64
Views: 7621

Re: How to Think About Risk in Retirement - Bernstein

One additional question not asked as of yet... I have all of the dividends from my taxable accounts deposited into my checking account each month/quarter. This reduces my need to tap principle in my investment accounts. In looking at 25 years of safe assets, should one consider your annual need fro...
by midareff
Tue Dec 09, 2014 2:22 pm
 
Forum: Investing - Theory, News & General
Topic: How to Think About Risk in Retirement - Bernstein
Replies: 64
Views: 7621

Re: How to Think About Risk in Retirement - Bernstein

Bernstein hits a very significant challenge for retirees. As one in retirement, like me, that went through the 2008 crisis already in retirement, this is something that concerns me much. In a recent post I presented my ideas and got one single comment. I will repeat my plan here hoping to get more ...
by midareff
Tue Dec 09, 2014 12:56 pm
 
Forum: Investing - Theory, News & General
Topic: How to Think About Risk in Retirement - Bernstein
Replies: 64
Views: 7621

Re: Am I being cheap? [wedding/engagement ring]

Easy.... you love her quite a bit and you want her friends and peer group to think she is married to a cheap schmuck or underachiever when they see it? Remember, it's on her finger 24/7/365 from friends, coworkers, etc. DO HER PROUD, which is the same as doing yourself proud. You will be glad you di...
by midareff
Mon Dec 08, 2014 5:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Am I being cheap? [wedding/engagement ring]
Replies: 192
Views: 8780

Re: New Car: Pay cash or take loan at 1.49%

I am buying a new car for about $35k. I was planning to pay cash, but the dealer is offering 1.49% financing (car price is the same either way). Should I take the loan? I think there is a small financial benefit, and the question may come down to whether the hassle of the loan is worth the benefit....
by midareff
Mon Dec 08, 2014 5:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: New Car: Pay cash or take loan at 1.49%
Replies: 23
Views: 2471

Re: switching main credit card

I have their Platinum Visa and they deduct the 5 percent for gas monthly. I only use it for gas. You might like BOFA's double cash card as a replacement.
by midareff
Mon Dec 08, 2014 5:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: switching main credit card
Replies: 58
Views: 4149

Re: Buying a Low Supply Hight Demand Car

I'm looking to purchase a 2015 Honda CRV Touring. I live in a large metro. area and find there are very few in stock and only 1 in the color I want. I haven't tested the waters yet concerning price but based on postings at Edmunds, I suspect most dealers will be asking Suggested Retail for this car...
by midareff
Mon Dec 08, 2014 9:38 am
 
Forum: Personal Consumer Issues
Topic: Buying a Low Supply Hight Demand Car
Replies: 26
Views: 2961

Re: Bogle Advises Investing No More Than 20% Outside U.S.

International diversification makes good sense. After all, U.S. stocks could suddenly implode while the rest of the world does OK. Apparently, Vanguard agrees with you. They are advertising the Vanguard International Ex-US ETF (VXUS) in the WSJ this morning. :) Although the point has been made ther...
by midareff
Mon Dec 08, 2014 9:35 am
 
Forum: Investing - Theory, News & General
Topic: Bogle Advises Investing No More Than 20% Outside U.S.
Replies: 106
Views: 10974

Re: Is it safe to leave Laptop in hotel room

If it must be brought then deal with the issue by making sure it is password protected and placed in locked luggage when you are out of the room. I've never had a problem with cameras, tablets, etc., when left in locked luggage, although I vastly prefer a room safe for that.
by midareff
Mon Dec 08, 2014 9:27 am
 
Forum: Personal Finance (Not Investing)
Topic: Is it safe to leave Laptop in hotel room
Replies: 65
Views: 7003

Re: How to Think About Risk in Retirement - Bernstein

[ Therefore, I have 2-3 years in cash in an online savings account and another 2-3 years in short term bond funds. The next 20 years expenses is in intermediate term bond funds (I Bonds, TBM and Intermediate Term Tax Exempt). I assume 0 % real growth in this segment. Equity occupies the balance of ...
by midareff
Sun Dec 07, 2014 9:41 am
 
Forum: Investing - Theory, News & General
Topic: How to Think About Risk in Retirement - Bernstein
Replies: 64
Views: 7621

Re: Investing Magazines

I am thinking of subscribing to some more investment magazines. What investment or money magazines do you subscribe to and find the most interesting/useful? How skilled are you at ignoring what you read? It seems every columnist has a better idea and the natural enemy of a good plan is the thought ...
by midareff
Sun Dec 07, 2014 9:13 am
 
Forum: Investing - Theory, News & General
Topic: Investing Magazines
Replies: 29
Views: 2239

Re: to rebalance or not to rebalance

Honestly, I haven't looked much at recent returns. I'm strictly concerned about which is the statistically superior method. How do you measure "statistically superior"? Not to be pedantic, but that's the big question in many walks of work and life too. Highest expected value? Highest prob...
by midareff
Sat Dec 06, 2014 9:48 am
 
Forum: Investing - Theory, News & General
Topic: to rebalance or not to rebalance
Replies: 63
Views: 3297

Re: What do you do with Fidelity Rewards?

Transfer to Ally and spend. ... LOL, that is the use of money for us old retired folk. Do the same with Discover 5% rewards, Citi Double Cash, AMEX Blue Preferred I use to reduce the grocery bill and PenFed deducts their 5% on gas from each statement. :mrgreen: everyone pays and every dollar they pa...
by midareff
Sat Dec 06, 2014 8:59 am
 
Forum: Personal Finance (Not Investing)
Topic: What do you do with Fidelity Rewards?
Replies: 34
Views: 1815

Re: Medicare signup

Original Medicare and a AARP Plan F Supplement seems to work the best...add to that a Plan D (perscription drug plan) from any number of different vendors and you should be ok. Lucky3 +1 and they have out of country coverage with (I think) $250 deductible for emergency situations. I am very fond of...
by midareff
Fri Dec 05, 2014 11:18 am
 
Forum: Personal Finance (Not Investing)
Topic: Medicare signup
Replies: 36
Views: 2145

Re: Dealing with unauthorized (lawyer) bill

This doesn't seem to be very complicated to me. You responded to a free consultation which resulted in a proposal for services you did not agree too. That was followed by a bill. I'd call the attorney and ask why you were billed for a free consultation.

Keep it simple.
by midareff
Fri Dec 05, 2014 11:11 am
 
Forum: Personal Consumer Issues
Topic: Dealing with unauthorized (lawyer) bill
Replies: 61
Views: 6217

Re: Memory foam mattresses - any insight?

My queen Tempurpedic is going on 19 years old and shows no signs of deterioration. Love it and the best thing ever for my back.
by midareff
Thu Dec 04, 2014 7:06 pm
 
Forum: Personal Consumer Issues
Topic: Memory foam mattresses - any insight?
Replies: 67
Views: 6582

Re: Fly or drive? Not just time vs. money anymore

Don't forget to count the time you have to get to the airport to get boarding passes and get through security.
by midareff
Thu Dec 04, 2014 7:02 pm
 
Forum: Personal Consumer Issues
Topic: Fly or drive [with a newborn]?
Replies: 58
Views: 4533

Re: Tips for post shoulder surgery

Be sure you are getting enough A B6 and E.
by midareff
Thu Dec 04, 2014 7:01 pm
 
Forum: Personal Consumer Issues
Topic: Tips for post shoulder surgery
Replies: 9
Views: 684

Re: How do you rebalance?

In the last 5 years, courtesy of a strong bull and retirement in early 2012 I have taken equity gains and established what should be a liability matching portfolio, rebalancing from equities to bonds, and lowering my allocation to equities. I plan to rebalance domestic into international at the end ...
by midareff
Thu Dec 04, 2014 9:49 am
 
Forum: Investing - Theory, News & General
Topic: How do you rebalance?
Replies: 40
Views: 3140

Re: European underperformance - here to stay?

RunningRad wrote:In my experience, whenever an asset class is considered "dead money" with no future prospects and losses as long out as the eye can see, that is the exact time to be rebalancing into that asset class. Of course, "this time it's different." ;)



+1 :sharebeer
by midareff
Thu Dec 04, 2014 9:42 am
 
Forum: Investing - Theory, News & General
Topic: European underperformance - here to stay?
Replies: 32
Views: 2347

Re: Auto and Home Insurance Quotes

Geico and try an insurance broker or two for the home.
by midareff
Wed Dec 03, 2014 11:48 am
 
Forum: Personal Consumer Issues
Topic: Auto and Home Insurance Quotes
Replies: 14
Views: 1140

Re: Getting Married...Any advice?

Don't forget to STAY on the honey moon as long as possible and not let life get in the way of that. Try and get at least a decade of it.
by midareff
Tue Dec 02, 2014 5:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Getting Married...Any advice?
Replies: 25
Views: 2565

Re: How to you assess your rate of return?

I keep a copy of my portfolio in M* and use their numbers.
by midareff
Tue Dec 02, 2014 9:37 am
 
Forum: Investing - Theory, News & General
Topic: How to you assess your rate of return?
Replies: 12
Views: 792
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