Search found 1001 matches

by 1210sda
Thu Mar 31, 2016 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Living Trust vs Transfer on Death
Replies: 54
Views: 3544

Re: Living Trust vs Transfer on Death

I too was thinking..."do I need a trust"? Now that the exemption amount is over $5 million (plus, portability doubles it), I question the use for a trust if your assets are under the exemption amount. Other considerations: 1. A trust avoids probate. So do Joint ownership, beneficiary desig...
by 1210sda
Sat Mar 26, 2016 10:05 am
Forum: Investing - Theory, News & General
Topic: "Mitigating the Risks of Cognitive Decline"
Replies: 45
Views: 4992

Re: "Mitigating the Risks of Cognitive Decline"

Thank you Taylor.

It is posts like this one that demonstrate the collective wisdom and kindness of "The Bogleheads". BH's are so willing to share.

I get just as much benefit (if not more) from these topics as I do from Investing posts. Guess it's time to take action.

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by 1210sda
Fri Mar 25, 2016 2:26 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey's Investing Advice or: A Chris Hogan: America's Voice on Retirement Story
Replies: 55
Views: 8463

Re: Dave Ramsey's Investing Advice or: A Chris Hogan: America's Voice on Retirement Story

Just for "fun", I plugged 8% withdrawal into my Monte Carlo program. While maintaining all the other parameters, increasing the w/d rate from 4% to 8%, decreased my time horizon from 30 years to 12 years. How would a 65 year old enjoy being broke at 77. Thanks DR.

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by 1210sda
Wed Mar 23, 2016 11:09 am
Forum: Investing - Theory, News & General
Topic: Misleading article about investing club on CNN Money
Replies: 18
Views: 2008

Re: Misleading article about investing club on CNN Money

Wow fivescoop, you are absolutely correct...w/o divs, the sp500 cagr from 1/1/1946 thru 12/31/2015 was 6.99%. PV of 3000 grew to $339k. With Divs, (cagr 10.8%) $3k grew to almost $4million. I wonder if the author ever heard of the Beardstown Ladies ?? :happy I guess her view is that Investment Clubs...
by 1210sda
Fri Mar 18, 2016 9:03 am
Forum: Personal Finance (Not Investing)
Topic: How Life Insurance Loans Really Work And Why It’s Problematic To “Bank On Yourself” by Michael Kitces
Replies: 37
Views: 3347

Re: How Life Insurance Loans Really Work And Why It’s Problematic To “Bank On Yourself” by Michael Kitces

Another interesting article on why borrowing money ("bank on yourself"/"infinite banking") from a whole life policy is a bug, not a feature. Enjoy! https://www.kitces.com/blog/bank-on-yourself-review-a-personal-loan-from-a-life-insurance-company-and-not-infinite-banking Thanks A...
by 1210sda
Sat Mar 12, 2016 3:36 pm
Forum: Investing - Theory, News & General
Topic: My summary of the latest SPIVA report card
Replies: 8
Views: 828

Re: My summary of the latest SPIVA report card

1210sda Glad you have found it helpful. Wonder though if you managed to convert any of them or did they just experience cognitive dissonance? Best wishes Larry 1. You can lead a horse to water, but you can't make him drink! 2. There is none so blind as he who will not see! So no, I was not able to ...
by 1210sda
Sat Mar 12, 2016 1:04 pm
Forum: Investing - Theory, News & General
Topic: My summary of the latest SPIVA report card
Replies: 8
Views: 828

Re: My summary of the latest SPIVA report card

Rick I wrote about this phenomena in The Incredible Shrinking Alpha , explaining why as more move to passive it will become harder and harder for the remaining active investors to win, not easier. It's known as the paradox of skill. Of course it's the past losers who are more likely to abandon acti...
by 1210sda
Tue Mar 08, 2016 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: How do you "un-fund" a revocable trust?
Replies: 17
Views: 2601

Re: How do you "un-fund" a revocable trust?

Marty Shenkman and I wrote an article on estate planning under ATRA in the August 2013 issue of Trusts & Estates: ... The article focuses on planning in a decoupled state (a state having a state estate tax). Do you have an alternative source for this post? The link appears to be dead. Thx. We o...
by 1210sda
Mon Mar 07, 2016 8:25 am
Forum: Investing - Help with Personal Investments
Topic: Backup Plan for Wife?
Replies: 44
Views: 5251

Re: Backup Plan for Wife?

My situation is quite similar. I've gone back and forth on the solution to this dilemma. What we have decided it to use the Life Strategy funds in both taxable and tax advantaged. We recognize it's not optimal from a tax perspective, but the simplicity and convenience make it very appealing to her (...
by 1210sda
Wed Mar 02, 2016 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: Does everyone really need to save $1 million for retirement?
Replies: 225
Views: 28759

Re: Does everyone really need to save $1 million for retirement?

22twain wrote:
mickeyd wrote:AS LBJ once said "A million here, a million there... before long yer talkin' about real money."


That was Senator Everett Dirksen, the "Wizard of Ooze." :wink:


You got the author right, but it was "a billion here, a billion there...." :D

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by 1210sda
Tue Mar 01, 2016 6:15 pm
Forum: Investing - Theory, News & General
Topic: "Bogle vs. Goliath"
Replies: 6
Views: 858

Re: "Bogle vs. Goliath"

I absolutely love hearing this.....

Keep the good news coming.

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by 1210sda
Sat Feb 27, 2016 5:09 pm
Forum: Investing - Theory, News & General
Topic: What is your target portfolio size?
Replies: 66
Views: 7020

Re: What is your target portfolio size?

just curious. When you guys say 25X expenses, are you talking about annual or monthly expenses? Thanks, BV Annual. It wouldn't be enough otherwise. If your target is $40,000 annually x 25 = $1,000,000 On a monthly basis thats $3,333 (40,000/12). Multiplying by 25 = $83,333. Wouldn't be enough
by 1210sda
Sat Feb 27, 2016 5:01 pm
Forum: Investing - Theory, News & General
Topic: What is your target portfolio size?
Replies: 66
Views: 7020

Re: What is your target portfolio size?

I projected what my retirement expenses would be then subtracted my estimate of social security. I multiplied that amount by 25. This then became the minimum portfolio that I would want at retirement. On top of that, I added a layer of "cushion". Currently, I am able to maintain that cushi...
by 1210sda
Sat Feb 27, 2016 4:19 pm
Forum: Investing - Theory, News & General
Topic: The Swedroe 5/25 rebalancing bands restated
Replies: 56
Views: 5695

Re: The Swedroe 5/25 rebalancing bands restated

Some financial advisers have a series of model portfolios they use for client presentations. These model portfolios usually have a 10% difference in AA. For example, Port A might be 80/20 AA (stock/bond); Port B could then be 70/30 AA; Port C 60/40 AA; Port D 50/50, etc. etc. My view is that 5% repr...
by 1210sda
Thu Feb 25, 2016 10:24 pm
Forum: Investing - Theory, News & General
Topic: What withdrawal % are you planning on?
Replies: 89
Views: 6133

Re: What withdrawal % are you planning on?

One point I will make is that the 4% rule IS typically touted as a rock solid target for retirement planning. Right. Which is why I am somewhat careful to make sure it is clear it is not. It is hard to believe this is a point that needs to be made. Sounds like we are on the same page. I disagree......
by 1210sda
Wed Feb 17, 2016 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Disputing Prize ARV vs FMV and tax reporting
Replies: 4
Views: 418

Re: Disputing Prize ARV vs FMV and tax reporting

1210sda wrote:Since I was using TurboTax I just entered the ARV.


Sorry that should be "I entered the FMV".....
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by 1210sda
Wed Feb 17, 2016 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Disputing Prize ARV vs FMV and tax reporting
Replies: 4
Views: 418

Re: Disputing Prize ARV vs FMV and tax reporting

Does anyone have experience reporting prize winnings on their 1040 and using the FMV instead of the ARV listed on the 1099-MISC? The way you are proposing sounds right. I had a similar situation about 15 years ago. I handled it somewhat crudely, but it seems to have worked. Since I was using TurboT...
by 1210sda
Tue Feb 16, 2016 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: How to save money and keep the house clean?
Replies: 48
Views: 5446

Re: How to save money and keep the house clean?

Bi-weekly cleaning (independent contractor) 3 hours @ $20/hr = 26*60/12 = $130/ month. The place looks spiffy. Hint look for a local person rather than a "cleaning service". Worth every penny. Totally agree with "local person" "independent contractor" instead of a clea...
by 1210sda
Sun Feb 14, 2016 12:02 pm
Forum: Personal Consumer Issues
Topic: The Retirement Problem: What Will You Do With All That Time?
Replies: 67
Views: 6510

Re: The Retirement Problem: What Will You Do With All That Time?

This is my 15th year of retirement. I have two different retirement arenas. 1) Weekends: This is where I got to church, visit with my kids, siblings and neighbors. I watch a lot of TV (Sports, Talk shows, etc). But most importantly, I stay away from all the stores banks, doctors, movie theaters, res...
by 1210sda
Thu Feb 11, 2016 5:36 pm
Forum: Investing - Theory, News & General
Topic: It sure looks like a good time to invest in oil
Replies: 111
Views: 12812

Re: It sure looks like a good time to invest in oil

Crude closed at $27.30 today, pretty close to yesterday's $27.45.
by 1210sda
Wed Jan 27, 2016 2:35 pm
Forum: Investing - Theory, News & General
Topic: What is your favorite Financial Quote or Metaphor??
Replies: 179
Views: 10370

Re: What is your favorite Financial Quote or Metaphor??

From Rex Sinquefield.

"Poor performance does not come cheap. You have to pay dearly for it".

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by 1210sda
Tue Jan 26, 2016 5:38 pm
Forum: Investing - Theory, News & General
Topic: What is your favorite Financial Quote or Metaphor??
Replies: 179
Views: 10370

Re: What is your favorite Financial Quote or Metaphor??

From Larry Swedroe.

1. Don't treat the highly likely as certain, and the highly unlikely as impossible.

2. Don't confuse before-the-fact strategy with after-the-fact outcome.

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by 1210sda
Tue Jan 19, 2016 7:58 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Overwhelmed!
Replies: 24
Views: 5768

Re: Vanguard Overwhelmed!

Yes, I think it is the 1009's. I know mine is wrong, so I am guessing other's are too. I thought my 1099 was wrong too, until I added the foreign tax paid to what I thought was the right amount for dividends. I forgot from last year that the foreign tax paid is added to the dividends that I receive...
by 1210sda
Sat Jan 16, 2016 8:54 am
Forum: Personal Consumer Issues
Topic: Funeral costs
Replies: 76
Views: 9628

Re: Funeral costs

Very timely post.

I'm planning to "interview" three funeral homes this Spring. The comments in this post provide a lot of guidance.

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by 1210sda
Fri Jan 15, 2016 7:19 pm
Forum: Personal Consumer Issues
Topic: Hand me down I-Phone..what can I do with it??
Replies: 31
Views: 1993

Re: Hand me down I-Phone..what can I do with it??

achen9291 wrote:Run perk TV apps to make passive income. I had 10 of these phones bringing in a total of $300 per month..


how does this work?
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by 1210sda
Fri Jan 15, 2016 3:06 pm
Forum: Personal Consumer Issues
Topic: Hand me down I-Phone..what can I do with it??
Replies: 31
Views: 1993

Re: Hand me down I-Phone..what can I do with it??

Of course, if you're happy using your current phone as your phone, the other poster's suggestions to use the iphone for internet browsing, music, gps, camera, and so on are good suggestions too. Yes I am. I am really surprised by the many things I will be able to do with an iPhone other than talkin...
by 1210sda
Thu Jan 14, 2016 2:41 pm
Forum: Personal Consumer Issues
Topic: Hand me down I-Phone..what can I do with it??
Replies: 31
Views: 1993

Re: Hand me down I-Phone..what can I do with it??

Toons wrote:I could make phone calls with them using wi-fi apps but don't.


Thanks for the feedback.

I don't know if I could make phone calls....she ported her number to the new phone.

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by 1210sda
Thu Jan 14, 2016 1:55 pm
Forum: Personal Consumer Issues
Topic: Hand me down I-Phone..what can I do with it??
Replies: 31
Views: 1993

Hand me down I-Phone..what can I do with it??

My daughter bought a new I Phone and wants to give me her old one (instead of trading it in...:-) ) What can I do with it. It won't have a plan. I have wifi at home. Can I take pictures with it? Can I browse the internet? Anything else? I currently have a cell phone from Tracfone and it's pretty bas...
by 1210sda
Tue Jan 12, 2016 10:58 pm
Forum: Investing - Theory, News & General
Topic: How common is this [Have more money 10+ years into retirement]
Replies: 72
Views: 9213

Re: How common is this [Have more money 10+ years into retirement]

Retired at end of 2001. Half of this time I've been using the 3 fund portfolio. (60/40) Our withdrawal rate at the start was 3.5%. Currently around 2%. No Defined Benefit pension Am now receiving soc sec Portfolio at the end of 2015 is at 153% of the 2001 year end level(Nominal) Portfolio at the end...
by 1210sda
Tue Jan 12, 2016 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: Retired Bogleheads -- How much did you spend last year?
Replies: 60
Views: 6037

Re: Retired Bogleheads -- How much did you spend last year?

I've been retired for 14 years. I'm spending about the same in total as before I retired. The categories that I'm spending on are what's different. 1210
by 1210sda
Tue Jan 05, 2016 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance for millionaires?
Replies: 61
Views: 5458

Re: Insurance for millionaires?

Once you hit the LTC facility, you can probably up your SWR to 6%+. The odds of making it 30 years in LTC is very low. Throw in your SS check and 2.5 million is probably more than enough to cover 2 people for 15+ years. Obviously small details like the difference between 65k and 85k will drasticall...
by 1210sda
Wed Dec 30, 2015 7:16 pm
Forum: Investing - Help with Personal Investments
Topic: Planning investment for spouse
Replies: 12
Views: 1119

Re: Planning investment for spouse

So I have suggested two possibilities: 1. Since all taxable assets get a stepped basis, just move all assets (taxable, tax-advantaged) into Vanguard LifeStrategy Moderate Growth and forget about trading, tax-loss harvesting, taxes, rebalancing, etc. --or-- 2. Use the Vanguard PAS and just do what t...
by 1210sda
Tue Dec 29, 2015 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Article on retirement withdrawal strategy
Replies: 81
Views: 7102

Re: Article on retirement withdrawal strategy

Let me give a simple example. You have 2k split 50/50 between stocks and bonds. Stocks are up 10%, bonds are flat and you are taking 100 bucks out equil withdrawal from bonds and stocks Stocks:1000+100- 50 = 1050 bons: 1000 -50 = 950 So now your AA isn't 50/50. Now imagine doing this over decade wh...
by 1210sda
Tue Dec 29, 2015 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Article on retirement withdrawal strategy
Replies: 81
Views: 7102

Re: Article on retirement withdrawal strategy

No it would not be equal withdrawal strategy. It would be a modification rebalancing strategy (vanguard doesn't suffer the allocation drift of the strategy looked at) not the equal withdrawal strategy. Can you explain this statement? I am under the impression that LS Mod Growth had the following AA...
by 1210sda
Mon Dec 28, 2015 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Article on retirement withdrawal strategy
Replies: 81
Views: 7102

Re: Article on retirement withdrawal strategy

Leeraar wrote:If I have all my assets in Vanguard LifeStrategy Moderate and am making withdrawals, which strategy have I implemented?
L.


Wouldn't that be the "Equal Withdrawals Strategy"??

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by 1210sda
Sun Dec 27, 2015 8:52 am
Forum: Investing - Theory, News & General
Topic: A little about Larry S
Replies: 51
Views: 7330

Re: A little about Larry S

Larry a great big Thanks from me also.

Just want you to know that "The Incredible Shrinking Alpha" is my favorite book of yours.

When I first saw it, I was disappointed because of it's size. Then I read it! Wow!

There is a lot packed into it's 87 pages (120 with appendix)

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by 1210sda
Wed Dec 16, 2015 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: My credit score is 808
Replies: 37
Views: 5255

Re: My credit score is 808

In Credit Karma, under "What can impact my score", there are 6 categories. I score "excellent" on 5 of them and "poor" on 1 of them. (Total Accounts) when I clicked on the link "see details" I find that I need 21 or more accounts to get an "excellent"...
by 1210sda
Tue Dec 15, 2015 10:09 am
Forum: Investing - Help with Personal Investments
Topic: [Intending to drop international funds]
Replies: 70
Views: 8040

Re: I've been duped by index investing it seems.

With a diversified portfolio, what counts is the total portfolio return, not the return of the individual components. That's what diversification is all about.
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by 1210sda
Fri Dec 11, 2015 1:49 pm
Forum: Personal Consumer Issues
Topic: 10 Best Guitar Finger Style Tunes
Replies: 19
Views: 1546

Re: 10 Best Guitar Finger Style Tunes

Try this one. He likes Simon and Garfunkel and the Beatles.

https://www.youtube.com/watch?v=aT1tMlSItAo
by 1210sda
Wed Dec 09, 2015 10:28 pm
Forum: Personal Consumer Issues
Topic: San Antonio vs. Morgantown, WV for 2 docs
Replies: 99
Views: 6518

Re: San Antonio vs. Morgantown, WV for 2 docs

A very close friend of mine moved from Chicago to San Antonio several years ago. He tells me that the heat is much easier to adapt to than the cold. By the time they went through their second summer, they had fully acclimated. And, the humidity is nowhere near Houston's When we go visit them, I get ...
by 1210sda
Wed Dec 02, 2015 1:17 pm
Forum: Investing - Help with Personal Investments
Topic: Doctor Strategies
Replies: 74
Views: 9867

Re: Doctor Strategies

Wow, good post.

Judging from the responses, I'm starting to think that maybe not all doctors are "terrible investors" as some of us have been led to believe.

I really like the "normal and humble" comment from GreatOdinsRaven.

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by 1210sda
Wed Nov 25, 2015 10:09 am
Forum: Personal Finance (Not Investing)
Topic: TurboTax from Vanguard for 2015? When?
Replies: 4
Views: 1198

Re: TurboTax from Vanguard for 2015? When?



Thank you.

Only concern is that the link was last updated on March 31, 2015.

I have not seen anything current on the VAnguard website, which was the reason
for my post.

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by 1210sda
Tue Nov 24, 2015 10:34 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax from Vanguard for 2015? When?
Replies: 4
Views: 1198

TurboTax from Vanguard for 2015? When?

I have not heard whether Vanguard is going to provide TurboTax for 2015 at a discount?

Have you heard ??

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by 1210sda
Wed Nov 18, 2015 12:46 pm
Forum: Personal Consumer Issues
Topic: Thoughts on replacing tires?
Replies: 72
Views: 7092

Re: Thoughts on replacing tires?

Make sure the tires are "fresh" and not old inventory that has been sitting around unsold. Tire rubber is perishable and depending who you ask, recommendations are to replace tires in as few as 6 years from production date or at most 10 years from production date. Of course it could be so...
by 1210sda
Wed Nov 18, 2015 12:29 pm
Forum: Personal Consumer Issues
Topic: First smartphone recommendations
Replies: 28
Views: 3252

Re: First smartphone recommendations

Thanks for all the great responses.

I too am planning on purchasing my first smart phone soon and the guidance on this thread is extremely helpful.

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by 1210sda
Sun Nov 15, 2015 11:15 am
Forum: Investing - Help with Personal Investments
Topic: Is The Vanguard Balanced Index Fund All One Needs?
Replies: 40
Views: 5109

Re: Is The Vanguard Balanced Index Fund All One Needs?

If the balanced fund is in a IRA and you are required to do RMD you may have a problem when the market is down. See article in Morningstar For Retirement Cash Flow, All-in-One Investments May Not Fit the Bill http://investors.morningstar.com/news/cmsAcontent.html?t=DODBX&resourceId=632297&s...
by 1210sda
Sun Nov 15, 2015 8:41 am
Forum: Investing - Help with Personal Investments
Topic: Is The Vanguard Balanced Index Fund All One Needs?
Replies: 40
Views: 5109

Re: Is The Vanguard Balanced Index Fund All One Needs?

For those who aren't sure and simply can't decide what to do when it comes to investing. Is The Vanguard Balanced Index Fund all one needs? Is it a good default option? Will a person who simply wants to invest and not think about things come out ok in the long run by choosing this fund? What do you...
by 1210sda
Sat Nov 07, 2015 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: How do you choose Health Plan (esp Medicare)...
Replies: 15
Views: 1110

Re: How do you choose Health Plan (esp Medicare)...

dm200 wrote:In my case, I actually have 2 choices, standard for $25/month or high option for $129. I chose the standard.


I have similar choices.

Why did you choose the standard instead of the high option ??

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by 1210sda
Sat Nov 07, 2015 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: How do you choose Health Plan (esp Medicare)...
Replies: 15
Views: 1110

Re: How do you choose Health Plan (esp Medicare)...

Thanks Jeffy.

I like that.


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by 1210sda
Sat Nov 07, 2015 11:59 am
Forum: Personal Finance (Not Investing)
Topic: How do you choose Health Plan (esp Medicare)...
Replies: 15
Views: 1110

Re: How do you choose Health Plan (esp Medicare)...

Is one to accept that the different plans (from the same company, at least) are actualrially priced?? That more expensive plans have greater coverage and the lesser priced plans have less coverage??

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