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Re: FYI..W.BUFFETT ON BLOOMBERG AT 3 TODAY

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by sscritic
Wed Apr 23, 2014 8:01 am
 
Forum: Investing - Theory, News & General
Topic: FYI..W.BUFFETT ON BLOOMBERG AT 3 TODAY
Replies: 2
Views: 33

Re: Does Asset Allocation beat the S&P 500?

I probably would invest in the S&P alone if I were still in my twenties. When I first came to Vanguard (past my twenties) I put money into the S&P 500 and the short-term corporate bond fund (both had different names back then; they were both Portfolios, one part of the Index Trust and the o...
by sscritic
Wed Apr 23, 2014 7:44 am
 
Forum: Investing - Theory, News & General
Topic: Does Asset Allocation beat the S&P 500?
Replies: 67
Views: 2557

Re: Where would you retire, if $ were no object?

SHowever, consider all other usual factors like weather, job opportunities Job opportunities? In retirement? :confused Since one of the main reasons I live where I live is my family (aka children and grandchildren), I would have to move them along with me. Now there are two ways to interpret the qu...
by sscritic
Wed Apr 23, 2014 7:16 am
 
Forum: Personal Finance (Not Investing)
Topic: Where would you retire, if $ were no object?
Replies: 7
Views: 528

Re: Does 529 really hurt the chance to get financial aid?

The issue was home equity as counting in determining financial aid. I raised the significance of that in deciding to pay off a mortgage or not. The key to paying off a mortgage is that you already own a house that has a mortgage. I was not, and I don't think anyone else was, talking about buying a h...
by sscritic
Wed Apr 23, 2014 1:09 am
 
Forum: Personal Finance (Not Investing)
Topic: Does 529 really hurt the chance to get financial aid?
Replies: 34
Views: 1721

Re: POLL: If Eligible For Social Security .....

rkhusky wrote:And live to 120.

Once the kids turn 18 when you are 88, you can relax. It's getting in the 36 kid-years of benefits that is the goal.

I goofed. File and suspend at 66, so you can have your kids at 65 and 66; they will be done when you are 84.
by sscritic
Tue Apr 22, 2014 9:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: If Eligible For Social Security .....
Replies: 71
Views: 3097

Re: Need signature guarantee in Japan

Thanks sscritic for the help. Yeah sounds like if I want to get this done from Japan it will require some creativity. I will try asking Sharebuilder again if this is absolutely necessary. They seemed nice enough on the phone the first time. I wasn't suggesting you ask Sharebuilder; I was suggesting...
by sscritic
Tue Apr 22, 2014 9:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Need signature guarantee in Japan
Replies: 19
Views: 610

Re: Investment Property or Second Home?

Have you thought of a grannie flat or remodeling your own home to make a room on the first floor? I know nothing of your family dynamic, but many homes in my area have bedrooms on the first floor, either for maids or elderly parents. I realize there is close and then there is close, and I don't know...
by sscritic
Tue Apr 22, 2014 9:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Investment Property or Second Home?
Replies: 3
Views: 260

Re: Need signature guarantee in Japan

Perhaps you need to decide where you want the shares to go and then ask the new firm for assistance. the transfer will need to be completed manually. In addition, the form must have a Medallion Signature Guarantee. But just think what a good test this will be of the customer service at your new fir...
by sscritic
Tue Apr 22, 2014 8:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Need signature guarantee in Japan
Replies: 19
Views: 610

Re: Need signature guarantee in Japan

But it seems no matter where I go Sharebuilder will ask me to fill out a transfer request form for my new brokerage (which will require a signature guarantee), who will then pass it back on to Sharebuilder to process. Are you sure who needs the signature? Vanguard wants the guarantee when you trans...
by sscritic
Tue Apr 22, 2014 8:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Need signature guarantee in Japan
Replies: 19
Views: 610

Re: POLL: If Eligible For Social Security .....

rkhusky wrote:
sscritic wrote:So what do you think happens if the worker has delayed credits?
I imagine that it is the same. Thanks for the confirmation.

So here is the strategy to maximize your SS benefits. Wait until 70 to claim, but first have a child right at 69 and another right at 70.
by sscritic
Tue Apr 22, 2014 8:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: If Eligible For Social Security .....
Replies: 71
Views: 3097

Re: FORUM REACHES 2,000,000 POSTS TODAY

With 36,128 users, the 1% are the top 361 posters. What percent of all the "wealth" (creation) is in the hands of the 1%?

P.S. By my count, there are 9,321 members with zero posts, so the top 1% of actual posters are the top 268 posters.
by sscritic
Tue Apr 22, 2014 8:02 pm
 
Forum: Forum Issues and Administration
Topic: FORUM REACHES 2,000,000 POSTS TODAY
Replies: 41
Views: 1182

Re: POLL: If Eligible For Social Security .....

I am surprised you didn't find your answer in the same place you found the answer you did find. Actually, I think you did find it. The PIA is subtracted first (no matter what the benefit actually is), then the remainder is divided up. § 404.404. How reduction for maximum affects insured individual a...
by sscritic
Tue Apr 22, 2014 7:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: If Eligible For Social Security .....
Replies: 71
Views: 3097

Re: Need signature guarantee in Japan

So Medallion Guarantees only apply to transfers of securities (in the SEC sense)? That seems to be what he wants to do. security transfer request form from my brokerage Back in the old days, you needed to get them if you were sending a security in the form of a certificate to a transfer agent, say ...
by sscritic
Tue Apr 22, 2014 7:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Need signature guarantee in Japan
Replies: 19
Views: 610

Re: US NEWS 9 Most Affordable Placs 2 Retire

Then again, search sometimes works. There is a current thread on the topic of Foreign Bona-fide residency, started by someone who retired abroad. As I see it, the problem is your title. A person already retired abroad would not be attracted to your title since 1) they are already retired, 2) your ti...
by sscritic
Tue Apr 22, 2014 7:01 pm
 
Forum: Personal Consumer Issues
Topic: US NEWS 9 Most Affordable Placs 2 Retire
Replies: 21
Views: 2415

Re: Need signature guarantee in Japan

The State Department is very clear. Embassies and Consular Offices do not provide medallion signature guarantees. See the policy from May 21, 2001. U.S. Department of State telegram to all U.S. diplomatic and consular posts abroad concerning medallion stamp guarantees U.S. Consular/Notarizing office...
by sscritic
Tue Apr 22, 2014 6:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Need signature guarantee in Japan
Replies: 19
Views: 610

Re: Are I-Bond's about to have better returns?

Note the date of the article, April 15. Some of the facts were known on that day. The article even tells you about them. Try reading it again and see if you can separate the known from the speculation. Yes the date was from last week. But to be clear, are the bond prices on may 1st already fixed? I...
by sscritic
Tue Apr 22, 2014 4:23 pm
 
Forum: Investing - Theory, News & General
Topic: Are I-Bond's about to have better returns?
Replies: 7
Views: 1171

Re: Are I-Bond's about to have better returns?

Yes the date was from last week. But to be clear, are the bond prices on may 1st already fixed? I am new to investing and new to the bond market as a whole. Is this typically what happens? A rate of return is set a few weeks in advance, before the public can make a purchase? thanks. Start by readin...
by sscritic
Tue Apr 22, 2014 3:02 pm
 
Forum: Investing - Theory, News & General
Topic: Are I-Bond's about to have better returns?
Replies: 7
Views: 1171

Re: FORUM REACHES 2,000,000 POSTS TODAY

Mel, you, livesoft, nisiprius, Valuethinker, and I are going to have to step it up a bit. Let's not take so long to get to 4,000,000. I have been told the second 2,000,000 is easier than the first 2,000,000 because of compounding. We will have to see. With 20,000 posts, you are in 1 percent . Victo...
by sscritic
Tue Apr 22, 2014 1:04 pm
 
Forum: Forum Issues and Administration
Topic: FORUM REACHES 2,000,000 POSTS TODAY
Replies: 41
Views: 1182

Re: Are I-Bond's about to have better returns?

Perhaps you should look for the several recent threads about May 1. (the April 15 part is already fixed - that's an inside joke, but only a little inside). Note the date of the article, April 15. Some of the facts were known on that day. The article even tells you about them. Try reading it again an...
by sscritic
Tue Apr 22, 2014 1:01 pm
 
Forum: Investing - Theory, News & General
Topic: Are I-Bond's about to have better returns?
Replies: 7
Views: 1171

Re: FORUM REACHES 2,000,000 POSTS TODAY

Mel,

you, livesoft, nisiprius, Valuethinker, and I are going to have to step it up a bit. Let's not take so long to get to 4,000,000. I have been told the second 2,000,000 is easier than the first 2,000,000 because of compounding. We will have to see.
by sscritic
Tue Apr 22, 2014 12:58 pm
 
Forum: Forum Issues and Administration
Topic: FORUM REACHES 2,000,000 POSTS TODAY
Replies: 41
Views: 1182

Re: Is social security a good investment?

Did you include the special $255 payment? Did you take into account the probability that you would be the lucky recipient of this munificent sum? There are a lot of probabilities that you need to take into account. What are the odds you die at 35? What are the odds you have three kids living with yo...
by sscritic
Tue Apr 22, 2014 12:53 pm
 
Forum: Investing - Theory, News & General
Topic: Is social security a good investment?
Replies: 33
Views: 1315

Re: Does 529 really hurt the chance to get financial aid?

I have some folks tell me their kid was National Merit Scholar and got $2,000. Also one needs to know that National Merit Scholarships are often sponsored by Mega-Corps and an additional selection criteria is that the student is the child of an employee. That is, one's child only competes with the ...
by sscritic
Tue Apr 22, 2014 12:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does 529 really hurt the chance to get financial aid?
Replies: 34
Views: 1721

Re: Is social security a good investment?

Most people who ask this question don't know what Social Security includes. Are you asking about all of SS or just one part?

P.S. If you are not careful, this thread will become political and either get locked or disappear.
by sscritic
Tue Apr 22, 2014 12:32 pm
 
Forum: Investing - Theory, News & General
Topic: Is social security a good investment?
Replies: 33
Views: 1315

Re: Does 529 really hurt the chance to get financial aid?

This is essential information that should go into every "pay off my mortgage?" thread. Tell me where you want your kid to go to college, and I will tell you if you should pay off your mortgage or not. True, but there's a lot more to it especially including if & how other assets (both ...
by sscritic
Tue Apr 22, 2014 12:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does 529 really hurt the chance to get financial aid?
Replies: 34
Views: 1721

Re: POLL: why carry cash?

In short, I feel that using credit cards almost exclusively gives me a much better feel for my spending than I would have if I had significant cash expenditures. I realize that I could be keeping receipts for cash transactions and tracking them too, but honestly I'm too lazy to do that. I use Quick...
by sscritic
Tue Apr 22, 2014 12:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: why carry cash?
Replies: 216
Views: 6918

Re: Does 529 really hurt the chance to get financial aid?

ps: google says the "CSS/Financial Aid PROFILE" does ask about home equity. this is used by Harvard, Stanford, Yale, Cal Tech, and 400 others. https://profileonline.collegeboard.org/prf/PXRemotePartInstitutionServlet/PXRemotePartInstitutionServlet.srv The NY Times article says Harvard doe...
by sscritic
Tue Apr 22, 2014 11:58 am
 
Forum: Personal Finance (Not Investing)
Topic: Does 529 really hurt the chance to get financial aid?
Replies: 34
Views: 1721

Re: Does 529 really hurt the chance to get financial aid?

But there are differences in how colleges define assets. Cornell, Stanford, Columbia and Duke, for example, take into account home equity. Harvard and Princeton do not, and neither does the federal formula. Which is why people with huge mortgages and little equity send their kids to Stanford, while...
by sscritic
Tue Apr 22, 2014 11:48 am
 
Forum: Personal Finance (Not Investing)
Topic: Does 529 really hurt the chance to get financial aid?
Replies: 34
Views: 1721

Re: Savings Rate what do you include?

I just make sure I save enough dollars. I rarely think about percentage, and certainly not in that level of detail. ... I spend dollars, not percentages, so I pay attention to the dollars. I am retired. I too spend dollars, not percentages. I am glad that I have dollars to spend, and that was alway...
by sscritic
Tue Apr 22, 2014 11:45 am
 
Forum: Investing - Theory, News & General
Topic: Savings Rate what do you include?
Replies: 30
Views: 1750

Re: Does Asset Allocation beat the S&P 500?

mpt follower wrote:10 years is a very long time in the life of a person.

[OT comment removed by admin LadyGeek]
by sscritic
Tue Apr 22, 2014 11:19 am
 
Forum: Investing - Theory, News & General
Topic: Does Asset Allocation beat the S&P 500?
Replies: 67
Views: 2557

Re: Does 529 really hurt the chance to get financial aid?

Concise, clear, and wrong. That guide does not agree with the FAFSA do not include the home you live in Investments do not include the home you live in Don’t include the home you live in. Don’t include the home in which your parents live. How many different ways can they say not to include your home...
by sscritic
Tue Apr 22, 2014 11:03 am
 
Forum: Personal Finance (Not Investing)
Topic: Does 529 really hurt the chance to get financial aid?
Replies: 34
Views: 1721

Re: Does Asset Allocation beat the S&P 500?

I didn't look at every one, but the ones I looked at all had bonds as a component. What percentage of the S&P 500 is its bond component? If you don't want bonds, don't own bonds. Most people want some bonds, so they own bonds. They may own the S&P 500 plus some bonds on the side, but they do...
by sscritic
Tue Apr 22, 2014 10:45 am
 
Forum: Investing - Theory, News & General
Topic: Does Asset Allocation beat the S&P 500?
Replies: 67
Views: 2557

Re: Does 529 really hurt the chance to get financial aid?

In the official formula, these get added together along with some other items before being multiplied by a factor: 16. Cash,savings&checking(FAFSA/SAR#90) 17. Net worth of investments** (FAFSA/SAR #91) There is a line number mismatch as the formula is for 2014-2015 and the FAFSA I quoted is from...
by sscritic
Tue Apr 22, 2014 10:10 am
 
Forum: Personal Finance (Not Investing)
Topic: Does 529 really hurt the chance to get financial aid?
Replies: 34
Views: 1721

Re: Does 529 really hurt the chance to get financial aid?

You have to use the formula: savings go on line 88, mutual funds and 529s go on line 89. 88. As of today, what is your parents’ total current balance of cash, savings and checking accounts? 89. As of today, what is the net worth of your parents’ investments, including real estate? Don’t include the ...
by sscritic
Tue Apr 22, 2014 10:00 am
 
Forum: Personal Finance (Not Investing)
Topic: Does 529 really hurt the chance to get financial aid?
Replies: 34
Views: 1721

Re: Does 529 really hurt the chance to get financial aid?

As I understand it, financial aid looks at your income and assets. If you have no income but $10 million in the bank (or 529), you probably won't get much. You will certainly get less than someone with no income and no money in the bank. If you have the time and like doing taxes, here is the full-bl...
by sscritic
Tue Apr 22, 2014 9:40 am
 
Forum: Personal Finance (Not Investing)
Topic: Does 529 really hurt the chance to get financial aid?
Replies: 34
Views: 1721

Re: POLL: why carry cash?

TimeRunner wrote: Costco doesn't take MC or VISA, so most folks pay with a debit card, and most therefore have the funds in the account being debited.

I thought that the only reason people got AMEX cards anymore was Costco. What's this debit card you speak of?
by sscritic
Mon Apr 21, 2014 10:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: why carry cash?
Replies: 216
Views: 6918

Re: Need help finding a better deal on this music CD

Call your local Christian bookstore. Ask.

Family Christian doesn't list it, but another brick and mortar might carry it.
by sscritic
Mon Apr 21, 2014 9:29 pm
 
Forum: Personal Consumer Issues
Topic: Need help finding a better deal on this music CD
Replies: 14
Views: 884

Re: sued by landlord

In many urban areas there are tenant rights groups that would assist. This is true, but it's also true that most landlord-tenant courts and small claims courts (where this would like end up) are used to people representing themselves, and if you are reasonable, articulate (or at least reasonably ar...
by sscritic
Mon Apr 21, 2014 9:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: sued by landlord
Replies: 34
Views: 3991

Re: POLL: If Eligible For Social Security .....

Thanks for the info. If both parents are retired, does a child receive 50% of both parent's PIA? That's dual entitlement, and the quick answer is no. That would be the same as you collecting the full amount of your own benefit plus the full amount of your benefit as a spouse. Ain't gonna happen. If...
by sscritic
Mon Apr 21, 2014 8:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: If Eligible For Social Security .....
Replies: 71
Views: 3097

Re: Question about Probate cost

My guess is that probate lawyers in rural CA cost less per hour than probate lawyer in LA or SF. The same may be true where you live. CA lawyers may indeed be more expensive than lawyers in your state(s) (for divorce, for criminal defense, as well as for probate), comparing rural to rural and major ...
by sscritic
Mon Apr 21, 2014 8:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Question about Probate cost
Replies: 17
Views: 966

Re: Question about Probate cost

I guess I will add this to another reason I am glad I don't live in California. I have been unfortunate to have been involved in five probates over the past ten years. These have ranged from mid-five figures to mid-six figures. They have ranged from fairly simple with no real estate involved to fai...
by sscritic
Mon Apr 21, 2014 8:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Question about Probate cost
Replies: 17
Views: 966

Re: POLL: If Eligible For Social Security .....

Don't forget that you don't want to work. The earnings test applies to every benefit on your record, theirs as well as your own. Under the annual earnings test, we will reduce your monthly benefits (except disability insurance benefits based on the beneficiary's disability) by the amount of your exc...
by sscritic
Mon Apr 21, 2014 7:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: If Eligible For Social Security .....
Replies: 71
Views: 3097

Re: opened up wellesley for kids

First questions first. 1) Do you have a taxable account? If you have a taxable account, all of the money in your taxable account is your money. That includes any emergency fund, any house downpayment fund, and, yes, any money you have earmarked for your kids. If you want to have a separate asset all...
by sscritic
Mon Apr 21, 2014 7:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: opened up wellesley for kids
Replies: 9
Views: 1253

Re: Question about Probate cost

Actually, I was holding out the best part. The real fees are double that, or $46,000. After you pay the lawyer, don't forget to pay yourself. Of course, if you use a professional executor, not yourself, that adds up to real money. [Did I forget to mention that if you want to know this stuff, you rea...
by sscritic
Mon Apr 21, 2014 7:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Question about Probate cost
Replies: 17
Views: 966

Re: POLL: If Eligible For Social Security .....

TomatoTomahto wrote:I should have red-shirted those kids; would have added to their benefits. :oops:

Your benefit optimizer wasn't very good if it didn't tell you to have them repeat 12th grade. :)
by sscritic
Mon Apr 21, 2014 7:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: If Eligible For Social Security .....
Replies: 71
Views: 3097

Re: POLL: If Eligible For Social Security .....

TomatoTomahto's strategy was based in part on the rules for child's benefits: § 404.350. Who is entitled to child's benefits? (a) General. You are entitled to child's benefits on the earnings record of an insured person who is entitled to old-age or disability benefits or who has died if— (1) You ar...
by sscritic
Mon Apr 21, 2014 6:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: If Eligible For Social Security .....
Replies: 71
Views: 3097

Re: POLL: If Eligible For Social Security .....

rkhusky wrote:Thanks for the info. It's nice to have a data point to compare against to make sure my calculations make sense.

What about your info?
How many kids under 18 will you have when you turn 62?
by sscritic
Mon Apr 21, 2014 6:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: If Eligible For Social Security .....
Replies: 71
Views: 3097

Re: Question about Probate cost

P.S. While other states have TOD deeds for real estate, CA is not one of them.
https://www.nolo.com/legal-encyclopedia ... er5-1.html
by sscritic
Mon Apr 21, 2014 5:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Question about Probate cost
Replies: 17
Views: 966

Re: Question about Probate cost

If you could get a living trust for around $2-$4K and avoid probate all together, why not do it? Because there is a small estate affidavit in CA that avoids probate. That's good for $150k (depending), so if you use beneficiary designations on everything else, you don't need to probate anything. Of ...
by sscritic
Mon Apr 21, 2014 5:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Question about Probate cost
Replies: 17
Views: 966

Re: Question about Probate cost

I don't practice in California, but have also heard that some California lawyers will accept a lesser fee. Not only that, but the code itself provides an exception: the will. (a) Except as otherwise provided in this section, if the decedent's will makes provision for the compensation of the attorne...
by sscritic
Mon Apr 21, 2014 4:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Question about Probate cost
Replies: 17
Views: 966

Re: POLL: If Eligible For Social Security .....

It was intended as you read it. I know about your kids (from other posts and from the meaning of 44 benefit-months). I don't know about rkhusky's. I assume he does (know that is, not have kids), so he will be able to figure out how many benefit-months his kids (if he has any) will get if he claims a...
by sscritic
Mon Apr 21, 2014 4:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: If Eligible For Social Security .....
Replies: 71
Views: 3097
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