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by prudent
Wed May 27, 2015 8:22 pm
Forum: Investing - Help with Personal Investments
Topic: Question for Rick Ferri and other pros
Replies: 6
Views: 1027

Re: Question for Rick Ferri and other pros

I'm certainly no pro, but to minimize sequence of returns risk you might want to adopt a more conservative asset allocation. And if you do have unpleasant returns early in retirement, be prepared to reduce your withdrawals.
by prudent
Wed May 27, 2015 6:00 pm
Forum: Personal Consumer Issues
Topic: Money and cell phones when traveling to Canada
Replies: 24
Views: 813

Re: Money and cell phones when traveling to Canada

On a couple trips to Toronto I never had any problem spending US cash, but the rates were horrendously bad. You pay for convenience.
by prudent
Wed May 27, 2015 5:45 pm
Forum: Personal Consumer Issues
Topic: Still make sense to have AAA membership?
Replies: 68
Views: 4836

Re: Still make sense to have AAA membership?

Ninegrams wrote:Store their number on your cell and if you break down you can get a membership and a "free" tow at the same time.


Each AAA "chapter" has its own rules I believe, but mine has a 7-day waiting period after joining before you can have road service.
by prudent
Wed May 27, 2015 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Breaking up with USAA--banking alternatives welcomed
Replies: 23
Views: 3085

Re: Breaking up with USAA--banking alternatives welcomed

I also have been thinking about leaving USAA, after being a member for 30 years. I currently have auto, home, and an umbrella policy with them, so it's not an easy switch. In order to obtain umbrella coverage I'll need to have auto and home with the same company. Does anyone have any recommendation...
by prudent
Wed May 27, 2015 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: American Express sneakery
Replies: 37
Views: 4329

Re: American Express sneakery

My statement has just been sent but I have not paid it yet. Here's what I see.

Current balance = the balance on my statement that was just sent.
Outstanding balance = the sum total of everything unpaid (my statement balance + new charges since that statement was sent).
by prudent
Wed May 27, 2015 1:51 pm
Forum: Personal Consumer Issues
Topic: Credit Terminology
Replies: 2
Views: 150

Re: Credit Terminology

A "pull" is when someone other than you accesses your credit report. AKA an "inquiry" A "hard pull" is one where the inquiry is displayed to others who do a pull. A "soft pull" is not. The reason it matters is that hard pulls count against your score (not nece...
by prudent
Wed May 27, 2015 8:42 am
Forum: Investing - Theory, News & General
Topic: Worried about longevity risk...this isn't good news
Replies: 13
Views: 1951

Re: Worried about longevity risk...this isn't good news

Sounds like you could still build an SPIA ladder over a period of years. Wonder why the limitation is only for 48 business days.
by prudent
Wed May 27, 2015 5:56 am
Forum: Personal Finance (Not Investing)
Topic: Medical Billing small Dr. Office illegal? (updated)
Replies: 5
Views: 1193

Re: Medical Billing small Dr. Office illegal? (updated)

If you have EOBs that show what you are expected to pay, and you've paid that, I would take the argument to Tricare. Tell them that the Dr is billing you for more than the EOBs, and see if they can get it squared away.
by prudent
Tue May 26, 2015 9:53 am
Forum: Personal Consumer Issues
Topic: Still make sense to have AAA membership?
Replies: 68
Views: 4836

Re: Still make sense to have AAA membership?

I don't understand why someone who has enough money to self insure doesn't do just that. It's not like the cost of towing your vehicle or unlocking your car is going to break the bank, so why not stop paying the fees every year and only when you really need it? I've canceled AAA as my insurance com...
by prudent
Tue May 26, 2015 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Church Endowment RFP
Replies: 8
Views: 596

Re: Church Endowment RFP

I would use an advisor for a church endowment simply because you never know who's going to be on the church board handling the endowment in the future. But in this case an RFP wouldn't have to be elaborate. State the goals for the endowment. Do they want income? Growth? Is it intended to be used as ...
by prudent
Tue May 26, 2015 6:12 am
Forum: Personal Consumer Issues
Topic: Still make sense to have AAA membership?
Replies: 68
Views: 4836

Re: Still make sense to have AAA membership?

My reasons for maintaining AAA membership: 1. Roadside assistance. I know some insurers provide this service but it seems where I live (based on conversations with friends/co-workers), AAA is quick and insurance-provided/manufacturer-provided is slow - very slow. Anecdotal, I realize. 2. Discounts. ...
by prudent
Sun May 24, 2015 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: A different way of calculating when to retire
Replies: 26
Views: 2576

Re: A different way of calculating when to retire

I don't think that works unless you have a very high income. The person who can afford to set aside $10,000 a year and has a $500,000 net worth can't really consider retiring at age 40 even though that only added 2% to net worth. I believe you have to look at annual expenses and expected number of y...
by prudent
Fri May 22, 2015 11:16 am
Forum: Investing - Help with Personal Investments
Topic: Allocation with large holding in single stock
Replies: 31
Views: 1802

Re: Allocation with large holding in single stock

If they don't need that money for anything, it's a lot different than if they count on that money to finance their remaining years. I would approach it this way: If Apple stock dropped 50% in the next year, would that cause any pain? If the answer is yes, then it's not prudent to take that amount of...
by prudent
Fri May 22, 2015 6:55 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Managed Payout Fund
Replies: 16
Views: 1904

Re: Vanguard Managed Payout Fund

The goals of this fund are similar to my own. I want a monthly payout of about 4% and I want the fund to keep up with inflation. The ER went up to 0.42 without the fanfare that lowering of ERs get on Vanguard's website. I have a small amount of money in the fund since last year. It is the only rela...
by prudent
Wed May 20, 2015 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Need Budgeting Help ASAP!
Replies: 42
Views: 1959

Re: Need Budgeting Help ASAP!

There is only one first step - follow the suggestion of writing down every expenditure over a month's time. When you have that, you will have data to work with so you can evaluate what changes you want to make. You can't know to what degree your spending might be causing an issue until you see where...
by prudent
Wed May 20, 2015 9:11 am
Forum: Forum Issues and Administration
Topic: Inserting a table or chart
Replies: 7
Views: 318

Re: Inserting a table or chart

As nisiprius mentioned, you can only link to images, not embed them/upload into a post.
by prudent
Wed May 20, 2015 7:26 am
Forum: Personal Consumer Issues
Topic: Selling old 14k jewelry
Replies: 15
Views: 1149

Re: Selling old 14k jewelry

That's a very low offer. I would expect to get at least 80% of the melt value.
by prudent
Wed May 20, 2015 5:25 am
Forum: Investing - Help with Personal Investments
Topic: What to do with 5M?
Replies: 93
Views: 15413

Re: What to do with 5M?

Appreciate reading the follow-ups and I do think it will be helpful to others.
by prudent
Mon May 18, 2015 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Just about had it with Fidelity AX
Replies: 8
Views: 993

Re: Just about had it with Fidelity AX

Can't say I've had any issues. According to an older thread, you can set up autopay from here: https://autopay.fiacardservices.com/ Only time we ever had a transaction declined was when my wife went on a shopping spree at an outlet mall. The first 3 went through but they stopped the next one. Unders...
by prudent
Mon May 18, 2015 10:53 am
Forum: Investing - Theory, News & General
Topic: Supreme Court rules in favor of 401k participants who object to high fees
Replies: 33
Views: 3436

Supreme Court rules in favor of 401k participants who object to high fees

In Tibble vs. Edison International the Supreme Court has made it easier for retirement plan participants to sue over high fees in the plans. In one example, the plan included a fund with higher fees when an institutional (lower cost) version of the same fund could have been chosen. http://www.washin...
by prudent
Mon May 18, 2015 7:00 am
Forum: Personal Consumer Issues
Topic: Estate Trustee Auto Title Transfer
Replies: 7
Views: 510

Re: Estate Trustee Auto Title Transfer

If anything about this deal smells like "too good to be true", I would walk away. Wouldn't there need to be a court-issued document that empowers someone to act as executor, not something from an attorney?
by prudent
Mon May 18, 2015 6:36 am
Forum: Personal Consumer Issues
Topic: Calling card
Replies: 9
Views: 618

Re: Calling card

No personal experience, but I would check out business cards on vistaprint.com. You have an electronic copy of your cover image you can supply?
by prudent
Sun May 17, 2015 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone limit available credit on Credit card?
Replies: 34
Views: 2413

Re: Does anyone limit available credit on Credit card?

I am OK with high credit limits as it boosts my credit score - helping to offset the things that hurt my score such as not having a mortgage or any installment loans or vehicle loans. I like having high limits on multiple cards so if I'm traveling and one card gets shut down, I have other options th...
by prudent
Sun May 17, 2015 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: adversarial inheritance situation - advice needed.
Replies: 23
Views: 3256

Re: adversarial inheritance situation - advice needed.

Who is the executor? That is the person who would control the distribution of assets in accordance with the will.
by prudent
Fri May 15, 2015 2:22 pm
Forum: Personal Consumer Issues
Topic: passport card faster than passport?
Replies: 32
Views: 2002

Re: passport card faster than passport?

At work they use a passport agency to expedite getting passports issued. Costs a couple hundred on top of the passport fees but they come back in two days.
by prudent
Fri May 15, 2015 9:33 am
Forum: Personal Finance (Not Investing)
Topic: (lower) tax optimization in retirement
Replies: 19
Views: 1273

Re: (lower) tax optimization in retirement

This is the exact issue I am wrestling with - the optimization of retirement spending related to taxes in the time between retirement and SS/RMDs - that window when you can actually control your taxable income to a large degree. So you're not the only one, OP. With retirement not too far off, I wond...
by prudent
Wed May 13, 2015 10:04 am
Forum: Local Chapters and Bogleheads Community
Topic: Bogleheads® Wiki 2015 annual report
Replies: 2
Views: 522

Re: Bogleheads® Wiki 2015 annual report

What an amazing product the wiki is. The stats bear that out! Every two seconds a wiki page is viewed. It would be interesting to know how many web pages out there have links to wiki pages. Hats off to those who curate and contribute to the wiki. I hope all of you realize the tremendous contribution...
by prudent
Tue May 12, 2015 6:32 pm
Forum: Investing - Help with Personal Investments
Topic: Advisor: buy a nicer home pre-retirement
Replies: 31
Views: 2991

Re: Advisor: buy a nicer home pre-retirement

I appreciate all the comments. Although our current home (it's our "starter home"... for almost 30 years) in no way can be modified to be more senior-friendly, the responses have me thinking that it is probably a good idea to look at finding a place that is much better in that regard. We a...
by prudent
Tue May 12, 2015 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Define "Take Home Pay"
Replies: 15
Views: 1411

Re: Define "Take Home Pay"

I count everything but medical insurance deductions and taxes as "take home pay". Sure, I have other deductions (401k, optional group life insurance, flex spending account) but those are choices I make. I don't consider medical insurance as a choice. That said, I don't use take home pay in...
by prudent
Tue May 12, 2015 5:55 am
Forum: Personal Finance (Not Investing)
Topic: Which Company Do You Have Auto Insurance With?
Replies: 105
Views: 5339

Re: Which Company Do You Have Auto Insurance With?

Grange. I do not want to hijack the thread. If you do put USAA, could you give a little input on your experience. I have priced USAA and it is a little more expensive. I have heard some really great things, but recently, in reading other reviews, I have also heard mixed results. Thanks That's shock...
by prudent
Mon May 11, 2015 8:47 pm
Forum: Investing - Help with Personal Investments
Topic: Advisor: buy a nicer home pre-retirement
Replies: 31
Views: 2991

Re: Advisor: buy a nicer home pre-retirement

Without knowing the exact nature of the conversation with the advisor, does anyone besides me think it is a bit unusual for a financial advisor to make such a recommendation? Granted there are some very relevant financial aspects to a home there are perhaps more non financial things to consider. OP...
by prudent
Mon May 11, 2015 11:39 am
Forum: Investing - Help with Personal Investments
Topic: Advisor: buy a nicer home pre-retirement
Replies: 31
Views: 2991

Advisor: buy a nicer home pre-retirement

Last week we met with a fee-only advisor to do a complete exam of our financials looking ahead to retirement, and everything appears to be in good order. The only thing that caught me by surprise was a recommendation to consider moving up to a nicer home pre-retirement (ours is paid off). Briefly, h...
by prudent
Mon May 11, 2015 7:02 am
Forum: Personal Finance (Not Investing)
Topic: Which Company Do You Have Auto Insurance With?
Replies: 105
Views: 5339

Re: Which Company Do You Have Auto Insurance With?

1530jesup wrote:Dropped Liberty Mutual after many years when they cancelled (no claims, no hurricanes) my homeowners :annoyed


Did they give any reason?
by prudent
Wed May 06, 2015 12:31 pm
Forum: Investing - Theory, News & General
Topic: Are we experiencing a bond correction or crash?
Replies: 34
Views: 5687

Re: Are we experiencing a bond correction or crash?

Sometimes I think Fed comments are just floating a trial balloon to see how the markets react. They seem afraid of causing major upheaval (not necessarily a bad thing, but I am skeptical that they are being forthright in their statements).
by prudent
Wed May 06, 2015 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Credit union question
Replies: 16
Views: 1586

Re: Credit union question

Shared branching means you can to go the other CU branches and make a deposit, a payment, or withdrawal just as though you were doing it at your home CU. A benefit, for sure. You'll always need your account number and ID.

I would not hesitate to use a small CU for loans.
by prudent
Wed May 06, 2015 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Credit union: "once a member, always a member"?
Replies: 22
Views: 1637

Re: Credit union: "once a member, always a member"?

I've wondered how that slogan applies to someone who closed all accounts, then some time later (when not meeting the current membership criteria for whatever reason) wanted to re-establish a relationship.
by prudent
Tue May 05, 2015 8:24 am
Forum: Personal Consumer Issues
Topic: Headset For Home Phone
Replies: 4
Views: 307

Re: Headset For Home Phone

Go to hellodirect.com and talk to one of their reps. They are great at finding you the right headset and have a huge selection. I have use a wireless headset for years at work (bought out of my own pocket) and I wouldn't go cheap. Cheap ones are cheap for a reason - flimsy and poor sound.
by prudent
Sat May 02, 2015 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: Deciding on an Executor
Replies: 9
Views: 698

Re: Deciding on an Executor

I wouldn't limit your options to your children if they aren't the best fit. My best friend is executor for both my wife and I, and the backup is my wife's niece. I'm the executor for my father-in-law. I don't expect my best friend to magically become an accountant, investment whiz, tax expert and at...
by prudent
Sat May 02, 2015 8:00 pm
Forum: Forum Issues and Administration
Topic: Forum is now back ONLINE!
Replies: 45
Views: 1550

Re: Forum is now back ONLINE!

rob wrote:Anyone else get a blank inch or two on both sides (just on the BBH side, not the main page).... Also the bogleheads label on the top is no longer a hot link back to the main page.

The square logo to the left of the word "Bogleheads" works for that.
by prudent
Sat May 02, 2015 7:48 pm
Forum: Forum Issues and Administration
Topic: Forum is now back ONLINE!
Replies: 45
Views: 1550

Re: Forum is now back ONLINE!

Another heartfelt thank you to the admins!
by prudent
Thu Apr 30, 2015 7:54 pm
Forum: Personal Finance (Not Investing)
Topic: FIA Card Services website
Replies: 18
Views: 1701

Re: FIA Card Services website

Looks like you can set it up online through this link: https://autopay.fiacardservices.com/
by prudent
Thu Apr 30, 2015 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Replace Debit/ATM Card?
Replies: 8
Views: 575

Re: Replace Debit/ATM Card?

If you are uncomfortable using your debit card even once, ask your bank for an ATM-only card that doesn't have a debit function.
by prudent
Thu Apr 30, 2015 12:49 pm
Forum: Personal Consumer Issues
Topic: How to store and organize videos on YouTube
Replies: 6
Views: 365

Re: How to store and organize videos on YouTube

According to https://support.google.com/youtube/answer/56100?hl=en you can only download 5 videos you created per day, further limited to 2 in an hour.
by prudent
Thu Apr 30, 2015 7:38 am
Forum: Personal Finance (Not Investing)
Topic: Quicken with FIA Card Services
Replies: 5
Views: 410

Re: Quicken with FIA Card Services

I do get all current transactions with that setup.
by prudent
Thu Apr 30, 2015 6:55 am
Forum: Personal Finance (Not Investing)
Topic: FIA Card Services website
Replies: 18
Views: 1701

Re: FIA Card Services website

I don't see any way to do that.
by prudent
Thu Apr 30, 2015 6:21 am
Forum: Personal Finance (Not Investing)
Topic: Quicken with FIA Card Services
Replies: 5
Views: 410

Re: Quicken with FIA Card Services

Select "Bankcard Services" as the Financial Institution when setting up the online connection in Quicken.
by prudent
Wed Apr 29, 2015 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Need A Good Book for Planning for Retirement
Replies: 11
Views: 1302

Re: Need A Good Book for Planning for Retirement

If I understand your question, the answer has to start with how much income you want in retirement that would enable you to have a "comfortable and active lifestyle". I don't think a book can answer that question. Once you know your desired income, you can model in FireCalc or the Fidelity...
by prudent
Wed Apr 29, 2015 5:44 am
Forum: Personal Finance (Not Investing)
Topic: SS Benefits
Replies: 6
Views: 879

Re: SS Benefits

You can use the calculators on the SS site to model the situation. The wiki has links:

https://www.bogleheads.org/wiki/Tools_and_calculators#Social_Security
by prudent
Mon Apr 27, 2015 8:34 pm
Forum: Investing - Help with Personal Investments
Topic: Hourly Financial Advisor -- Yeah, right!
Replies: 14
Views: 2272

Re: Hourly Financial Advisor -- Yeah, right!

Was he only trying to sell you more hours, or was he saying it would take 10 hours of his time to provide the information you said you wanted?

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