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This one was over my head. Thanks everybody great work.

The fund is about 50/50 so I am guessing only half the dividends will be qualified dividends. The other half would be bond interest. Going by the yield I was thinking a person could have close to one million in the fund in this case with no taxes but I am not sure. I think the distributions will be ...

If a person is 65 years old and has 16k income from Social Security how much can they have in Vanguard Target Retirement 2015 Fund (VTXVX) before they would pay taxes? This is all taxable money. Social Security is there only income.

Default User BR wrote:Sheesh, I have enough trouble keeping up with this forum. Adding daily blog reading would leave me little time to do anything else.


Brian

That and folk that find something good bring it over here too.

He says that 12% is since 1929 I looked it up it was 11%. Ok close enough I have no beef there. The thing I have a beef with is he uses very little bonds maybe 12% that is not enough for most people. No, it's not. Where did you get your numbers? I used SBBI data for 1926 through 2009 and extended i...

http://finance.yahoo.com/news/retirees-million-dollar-illusion-162848734.html Yet $10,890 is the median financial net worth of an American household today, according to calculations by Edward N. Wolff, an economics professor at New York University. (He bases this estimate on 2010 Federal Reserve dat...

According to my maths, when rounding to the nearest whole-year age, the breakeven points for a single person trying to decide between age 62 and age 70 are as follows for the following inflation-adjusted rates of return: 0% 81 1% 82 2% 83 3% 85 4% 87 5% 90 Note that this ignores taxes completel...

He says that 12% is since 1929 I looked it up it was 11%. Ok close enough I have no beef there. The thing I have a beef with is he uses very little bonds maybe 12% that is not enough for most people.

After reading this Our Boston-area example has, besides the property tax, a $4,998 tab for state income tax. If the couple moved to Florida or Texas their federal tax would go up, but they’d still be a bit better off because their local taxes would go down by a larger amount. The comes to about 25k ...

Forbes Story How Retirees Pay Zero Taxes To illustrate, let’s invent a retired couple who live outside Boston. They own a $2 million home, have $7 million stashed away at their broker and haul in $200,000 a year in dividends, interest, Social Security and distributions from publicly traded partnersh...

For some reason I did not like Your Money or Your Life. I loved The Millionaire Next Door and Stop Acting Rich: ...And Start Living Like A Real Millionaire both by Thomas J. Stanley.

Don't feel bad I know a guy who did that to a brand new tank. He turned it on before he turned the water on. He told me it did not cost a whole lot for new heater coils. He did the work himself.

Bungo I think you mean well but are to focused on working and paying rent. If she were my kid I would be 100% on school and nothing else right now. There will be about 40-60 more years for working and paying rent. I work with a lot of people that were in the military great people but I notice one th...

If your income is high it will kick him out of financial aid no matter where you put the money. Sometimes over 50k is all it takes to lose financial aid. Sometimes your assets can also kick him out of financial aid. Not all of this is related to him some of this is about you to. Okay...this is some...

If your income is high it will kick him out of financial aid no matter where you put the money. Sometimes over 50k is all it takes to lose financial aid. Sometimes your assets can also kick him out of financial aid. Not all of this is related to him some of this is about you to. What is your income?...

She's only 19. Cut her a break and be supportive. All the rules seem a tad legalistic too me. +100! So true. Make her work all summer that is it. Her grades are already low sending her to work will only hurt them. Send her to community college and mix her classes some easy some hard that way her GP...

Sounds like a case of choosing the wrong schools. I went to a private school and it was $1400/semester when I started. It was $1700/semester when I finished, and is now hovering at about $2000. I am currently attending a state university and it's just a little more than $2000/semester. It'd be abso...

How Houses Eat Money by the WALL STREET JOURNAL
http://online.wsj.com/article/SB111852419690557157.html

Be careful on Southern Gas FCU those rate are from 09 Annual Percentage Yield is accurate as of April 16, 2009. Rates and other terms may change at any time without prior notice. *$1000.00 minimum required to open a Share Certificate account. After your certificate is opened, the dividend rate is fi...

Recently I decided to check on the tuition at my old college (a private Jesuit college in NJ). When I attended from 1963 to 1967 tuition was $900 and there were no dorms. I lived at home with my widowed mother and walked there. Now tuition and fees top $30,000 a year. That is a real money saver liv...

Ever notice the tax free states many times have wilder weather. It is like tax free is the carrot to get you to move there.

16k In MA that is very good. That is one of the best budgets I have heard for MA. SS would cover a lot of your bills. I can hit 16k but I live in the midwest.

I am not from Chicago I was just was wondering is Evanston a good area? How does it compare to Park Ridge? Evanston is okay for now. Its is a mixed bag since Chicago trucked alot of its section 8's over to the southern parts of Evanston. Shootings, gang bangers and more. I'd buy close to Northweste...

I am not from Chicago I was just was wondering is Evanston a good area? How does it compare to Park Ridge?

investor wrote:free even of State Taxes ?

The Fed's tax them but not the states as far as I know.

Or a person could invest in all treasury notes they are tax free in all states as far as I know.

It looks like you have about 90k in income you can prove. I think with that kind of income you might get a loan for 180k to 270k if you have no other debt. I am guessing you are going to need cash for most of the house price. I don't know if the bank will count a Required Minimum Dispersal. Even if ...

At our local credit union for $5.01 that is all is takes to have a savings and checking account. It takes $5 in savings and checking is .01 There will be no fee's at this level. This is just a small example why I am a credit union fan they just seem to be better in every area.

As of Friday April 19th, there's a new option that might be considered a middle ground between holding individual bonds and a bond mutual fund. The iShares target-date bond ETFs are now available. These are similar in structure and concept to the Guggenheim Bulletshares, but with an expense ratio o...

BL wrote:

Usedmavin wrote: when my son reaches 18 and we lose his and his mother's SS benefits.

U.

I believe you lose mother's benefit when "child in care" turns 16.

If the kid is in school does that push the age up to 18?

We need all your numbers to give you the best answers Usedmavin. Don't be shy you are with a bunch of friends here. I love it here.

By the way what kind of things do you get for 700k a year? Your expenses are as interesting as your portfolio. If you started a thread on your expenses I think we could help on those too.

You are a very Blessed man. Your question is like my lotto investing ideas. With this kind of coin you don't have to take much risk if any. I thought about a simple three fund portfolio if I won the lotto. Something like Vanguard Short-Term Tax-Exempt Fund Admiral Shares Vanguard Total Stock Market ...

It sounds like you are doing good so far. Your son would be able to go to community college free with that income.(At least around here he would) What are your assets?

I think my local credit union would finance a classic vehicle they just say cars older than 9 years pay a higher Interest.

Well here is Hamlet free

http://www.youtube.com/watch?v=bXId5jOTxdg

And I thought $25 for two was on the high side.

I shred my stuff every few years at the credit union. I figure they are going to handle my stuff like their own.

The money is on the business banking side. Services provided on the accounts of some corporations and government entities can bring in millions in fees from a single client. With the fractional banking system they need very little in reserves in order to borrow the money to loan from the Fed and as...

Ubiquity and oligopoly. I remember my folks moving to an apartment in the city and trying to decide which bank to use. The block with their apartment had a bank on the corner, and another bank diagonally across from it... and, my mom said, "I said to your dad that on really cold day it would b...

How do big banks attract depositors? Well I guess that was me before I found out about credit unions. I noticed that all the credit unions in our town pay better than BOA. Of course it took me several years to see that.

Abe wrote:Where I live Walmart will replace the battery free if you buy it from them.

Our Walmart use to do this but I guess they messed up some watches. They did several for us with no problems before this happened. Of course I don't show up with a Rolex.

I don't sign up for, use, accept or have anything to do with store credit cards. Just another avenue for ID theft, plus it adds bulk to my wallet. Whatever the special offer, I turn it down. I'm curious how that helps with reducing the risk of ID theft. It at most reduces the visibility of ID theft...

One more thing Munchkin Man if you want a good credit score use less than 10% of your credit line.

gkaplan wrote:I have had this very inexpensive Casio watch for years, and I never have had to replace the battery.

Casio watch batteries can last a very long time I have had some go 12 years.

I don't use Department Store Credit Cards because you need one in each store you go. I have two credit card and feel that is enough I think too many cards is a pain. At one time when I was younger I had ten cards and hated it. Not boosting but my score is great with just the two cards. I like only t...

My wife is a Dept of Defense employee and we have access to the above Credit Union. In my research, their high yield savings accounts are at 1.6% with balances of $100,000. Does anyone have experience with this CU and is there any reason we shouldnt jump in with both feet? Please tell us more about...

Credit Union Members Beware: Your Credit Union May Drop Federal Deposit Insurance http://www.depositaccounts.com/blog/2009/09/credit-union-members-beware-your-credit.html For state-chartered credit unions, only nine states allow their credit unions to have ASI as their primary deposit insurance. The...

Thanks for posting we should post every credit union that drops federal insurance. Here in MO just about all our credit unions are state chartered. That kind of makes you sleep with one eye open. That is wild they dropped the insurance but are a five star credit union. http://www.bankrate.com/rates/...

Question if one person is over 64 and one person under is that still counted as 2 people in the family or just 1 on the Calculator?
Also do we count the income of the person that is over 64?