Search found 763 matches

by 22twain
Sun Feb 07, 2016 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: What percentage of your expenses are covered by SS and/or pensions
Replies: 82
Views: 4838

Re: Retirees: What percentage of your expenses are covered by SS and/or pensions

We're both delaying SS, probably until 70. When the first one starts collecting in three years, it will cover about 2/3 of our current expenses. When the second one starts five years after that, the total will cover at least 133% of our current expenses, assuming they rise at a rate that matches the...
by 22twain
Fri Feb 05, 2016 12:23 am
Forum: Investing - Theory, News & General
Topic: If SS covers expenses why invest?
Replies: 64
Views: 4285

Re: If SS covers expenses why invest?

many are saying that SS can cover most or all of the expenses they have in retirement so my question is why the huge focus on investments and returns. such as saying we finally could retire after hitting 1.5 million and can now do a 4% withdraw etc. I assume its either 1) to retire early before SS ...
by 22twain
Fri Feb 05, 2016 12:00 am
Forum: Investing - Theory, News & General
Topic: Delaying SS Benefits?
Replies: 25
Views: 1667

Re: Delaying SS Benefits?

it would seem there is more risk is counting on SS benefits the further out in time they are. Comments encouraged! This amounts to political speculation which the moderators here frown upon. We each have to make our own judgment of the likelihood of our SS benefits being reduced in the future, whet...
by 22twain
Wed Feb 03, 2016 10:59 pm
Forum: Investing - Theory, News & General
Topic: What is a Tontine?
Replies: 5
Views: 1439

Re: What is a Tontine?

FYI, we had a longish thread about tontines last year:

viewtopic.php?t=139401
by 22twain
Sat Jan 30, 2016 5:57 am
Forum: Personal Consumer Issues
Topic: Macbook replacement battery (do you get what you pay for?)
Replies: 21
Views: 1347

Re: Macbook replacement battery (do you get what you pay for?)

I think he probably said or meant macsales.com, not macworld.com. The former is a reputable site, Other World Computing, that sells memory and disk upgrades etc. The latter is MacWorld magazine's site. I've bought several memory upgrade kits from macsales.com over the years.
by 22twain
Mon Jan 25, 2016 11:46 pm
Forum: Personal Consumer Issues
Topic: Do you pay for exercise?
Replies: 207
Views: 10507

Re: Do you pay for exercise?

I've always lived in places where work, routine shopping, banking, barber shop etc. were within walking or bicycling distance, and I've gotten my exercise that way. Today was typical: a mile each way to and from work, on foot, plus a mile and a half for lunch and some quick shopping. About half the ...
by 22twain
Thu Jan 21, 2016 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Here We Go Again: SWR 2.5% or 5.5%?
Replies: 102
Views: 6970

Re: Here We Go Again: SWR 2.5% or 5.5%?

arcticpineapplecorp. wrote:If the IRS doesn't stick to a 4% withdrawal rate for RMDs, then why should you?


The IRS doesn't care whether you spend all, part, or none of your RMD. All they care about is that you pay taxes on it.
by 22twain
Tue Jan 19, 2016 5:56 am
Forum: Personal Consumer Issues
Topic: How do you use your Chase Freedom rewards?
Replies: 23
Views: 2056

Re: How do you use your Chase Freedom rewards?

I probably don't use my card as much as most here, just a couple hundred dollars or so per month. I let the points pile up for a long time. Finally one day when I logged in to check my account, Chase offered me an Amazon gift card so I took it. Ever since, I've been using those to redeem my points w...
by 22twain
Fri Jan 15, 2016 7:07 am
Forum: Investing - Theory, News & General
Topic: How common is this [Have more money 10+ years into retirement]
Replies: 72
Views: 8789

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

I'm 99.44% sure that my mother had more money when she died several years ago, than when my parents retired in the late 1970s. But they were always careful with money (even used cash flow to pay for building the house that we moved into when I was a kid), had both a firefighter's pension and some So...
by 22twain
Mon Jan 11, 2016 11:00 am
Forum: Personal Consumer Issues
Topic: First Time Buying Furniture
Replies: 30
Views: 2546

Re: First Time Buying Furniture

About 25 years ago, my wife and I flew to Europe via NYC, first flying into Newark, then flying out the next day from JFK. A former colleague and friend of hers lived in Washington Heights, Manhattan. He was out of town at the time but had offered us the use of his apartment anyway for the one-night...
by 22twain
Sun Jan 10, 2016 4:44 am
Forum: Personal Finance (Not Investing)
Topic: Lottery Win...Could a Boglehead handle it?
Replies: 79
Views: 4542

Re: Lottery Win...Could a Boglehead handle it?

Some states also allow you to remain anonymous (barring a leak from someone in the lottery office). Fortunately for me (if I win :wink:) South Carolina is one of those states. But if they identify the store at which the winning ticket is sold, things could get interesting, because I live in a small...
by 22twain
Sat Jan 09, 2016 12:23 am
Forum: Investing - Help with Personal Investments
Topic: Should SS Affect Asset Allocation Strategy for Me?
Replies: 21
Views: 1250

Re: Should SS Affect Asset Allocation Strategy for Me?

GreenGrowTheDollars wrote:What is a "Direct CD" ?


It's a CD that you buy directly at a bank, as opposed to a CD that you buy through a brokerage.
by 22twain
Thu Jan 07, 2016 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Question for the Bogleheads Millionaires
Replies: 280
Views: 33286

Re: Question for the Bogleheads Millionaires

But yes, hard work, sacrifice, and some intelligent decision making can get most people to millionaire status, sooner or later, especially given inflation's effect on $1 Million over the decades. I think that's definitely true now, if we're using nominal dollars as a benchmark. A million dollars is...
by 22twain
Thu Jan 07, 2016 10:59 am
Forum: Personal Consumer Issues
Topic: Rotating a Photo degrades it?
Replies: 35
Views: 2408

Re: Rotating a Photo degrades it?

I saved one of my TIFFs in uncompressed form by specifying None for the compression method in Photoshop's Save As dialog. I got 48.4 MB. I opened it, rotated it 90°, and saved as a different file, again with no compression. I got 48.4 MB again. I opened the uncompressed, unrotated file and saved as ...
by 22twain
Thu Jan 07, 2016 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Question for the Bogleheads Millionaires
Replies: 280
Views: 33286

Re: Question for the Bogleheads Millionaires

Education is 4x what it was 30 years ago. I imagine it is similar with cars. All adjusted for inflation. Consider cars first. The CPI is now about 6x what it was when I graduated from high school. At that time one could buy a VW Beetle for about $2K, which would be about $12K today. A couple of yea...
by 22twain
Wed Jan 06, 2016 1:45 am
Forum: Investing - Help with Personal Investments
Topic: Talk me out of investing $2 million in long term muni bonds [pros/cons]
Replies: 28
Views: 2662

Re: Talk me out of investing $2 million in long term muni bonds [pros/cons]

Hi guys, I live in FL and recently inherited $2.3 million. About how old are you? When do you plan to retire, or are you already retired? What are your spending needs (essential expenses) and wants (discretionary)? Is this money mainly for your own use, or are you basically investing for your heirs...
by 22twain
Mon Jan 04, 2016 1:32 am
Forum: Personal Finance (Not Investing)
Topic: Funding living trust with Domain Names?
Replies: 6
Views: 513

Re: Funding living trust with Domain Names?

The word "into" is a bit confusing here. The domain registrar has to receive money at some interval, from somewhere, in order to renew the domain registration. It seems to me that the trustees would need to be instructed to renew the domain registration at appropriate intervals. Looking at...
by 22twain
Mon Jan 04, 2016 1:13 am
Forum: Personal Finance (Not Investing)
Topic: How many streams of income do you have?
Replies: 60
Views: 5843

Re: How many streams of income do you have?

1. One full-time and one part-time job between the two of us. 2. Dividends, interest and distributions from investments, which are currently mostly re-invested (i.e. our jobs cover most or all of our living expenses). We're in the middle of "ramping down" towards full retirement. At the en...
by 22twain
Mon Jan 04, 2016 12:50 am
Forum: Personal Finance (Not Investing)
Topic: Funding living trust with Domain Names?
Replies: 6
Views: 513

Re: Funding living trust with Domain Names?

Do you mean, pay for the domain name from the trust so that it lasts "forever"? Or do you mean, make money from the web site associated with the domain name, feeding the income into the trust?
by 22twain
Mon Jan 04, 2016 12:35 am
Forum: Personal Consumer Issues
Topic: How do you have fun?
Replies: 73
Views: 5162

Re: How do you have fun?

In case you haven't noticed, there's a current thread about profitable hobbies which might give you some ideas. As for me, I'm a railroad buff. Right now, that's what's most likely to get me out of the house on a hobby-related weekend mission, taking pictures of trains or railroad facilities to post...
by 22twain
Mon Jan 04, 2016 12:06 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor roth still available for 2016?
Replies: 9
Views: 1413

Re: Backdoor roth still available for 2016?

Hmm. I remember reading reports that the Budget Proposal submitted by the president disallowed the Backdoor Roth. The budget bill that actually passed and was signed into law eliminated some popular (on this forum at least) Social Security claiming strategies. There was a lot of discussion here abo...
by 22twain
Sun Jan 03, 2016 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Yet another topic about finances and marriage - premarital assets
Replies: 20
Views: 1053

Re: Yet another topic about finances and marriage - premarital assets

knowsnothing wrote:Can I still contribute to 'my' IRA or do I need to open a new joint IRA?


There is no such thing as a "joint IRA".

http://www.investopedia.com/ask/answers/05/jointira.asp
by 22twain
Fri Jan 01, 2016 1:50 am
Forum: Personal Consumer Issues
Topic: planning retirement activities?
Replies: 9
Views: 1121

Re: planning retirement activities?

I do have a lot of interests [...] could someone recommend books/sites on activities? Recommendations would depend on what your interests are. For the hobbies that I participate in (so far only on weekends and vacations because I'm not yet retired), there are online forums where hobbyists hang out ...
by 22twain
Wed Dec 30, 2015 6:46 pm
Forum: Personal Consumer Issues
Topic: Domain registration service and wordpress blog?
Replies: 16
Views: 686

Re: Domain registration service and wordpress blog?

I highly recommend you consider using the free version of Wordpress.com, then just pay $13 a year for the domain mapping service. The blog will be on any domain you want, and it will only cost $13 a year. The catch (as I understand it from reading the Wordpress.com support page that someone else li...
by 22twain
Wed Dec 30, 2015 8:56 am
Forum: Investing - Theory, News & General
Topic: How much have you made through long-term investments so far?
Replies: 24
Views: 1772

Re: How much have you made through long-term investments so far?

Over a 30-year period, about 56% of my 403(b) is gains. To put it another way, the gains are 129% of my contributions.
by 22twain
Sun Dec 27, 2015 12:21 am
Forum: Personal Consumer Issues
Topic: Sororities: The cost of Greek Life?
Replies: 46
Views: 6675

Re: Sororities: The cost of Greek Life?

In my understanding, a big difference is that there is alcohol at "private parties" whereas most American college students are too young to drink at public functions? So the sorority/ fraternity system can have alcohol at social events (as long as they are private) whereas a dorm party, e...
by 22twain
Sat Dec 26, 2015 11:56 pm
Forum: Personal Finance (Not Investing)
Topic: Deferred or Delayed?
Replies: 12
Views: 966

Re: Deferred or Delayed?

I suppose you could consider those aspects to be forms of "means testing". In both cases, your net benefit after taxes for certain kinds of income is reduced if your other income exceeds a certain amount. Or enhanced if your other income drops below a certain amount. Sort of like a glass h...
by 22twain
Sat Dec 26, 2015 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Deferred or Delayed?
Replies: 12
Views: 966

Re: Deferred or Delayed?

I agree, "progressive taxation" is the proper term here. "Deferred" and "delayed" both imply that you have to pay the tax eventually, e.g. on money in a 401K or 403B account to which you've made pre-tax contributions.
by 22twain
Fri Dec 25, 2015 10:31 pm
Forum: Personal Consumer Issues
Topic: Drive able natural attractions from Washington DC
Replies: 18
Views: 1152

Re: Drive able natural attractions from Washington DC

Ten hours one way, or round trip? Ten hours one way seems to indicate a day each way, going and returning, and a day "there." For a three-day trip, you might consider a drive along the Ohio River valley. Start by driving to Huntington WV, doing some sightseeing along the way depending on t...
by 22twain
Fri Dec 25, 2015 7:51 pm
Forum: Investing - Help with Personal Investments
Topic: Individual Bonds vs Bond Funds
Replies: 12
Views: 975

Re: Individual Bonds vs Bond Funds

Artsdoctor wrote:a maturity date (or callable date) is predictable.


The need for cash, on the other hand, is not always predictable. :oops:
by 22twain
Mon Dec 21, 2015 2:01 am
Forum: Personal Consumer Issues
Topic: Bogleheads: Share how you like to vacation
Replies: 113
Views: 8719

Re: Bogleheads: Share how you like to vacation

Hey! I was in Stockholm for the spring for work and in May took the train from Stockhom to Abisko and Narvik, Norway on the Arctic Circle Route. Fantastic scenery! I would go back in a heartbeat and highly recommend it! Many years ago I traveled with a friend by train to Narvik, but from Finland vi...
by 22twain
Sat Dec 19, 2015 8:44 am
Forum: Personal Consumer Issues
Topic: Bogleheads: Share how you like to vacation
Replies: 113
Views: 8719

Re: Bogleheads: Share how you like to vacation

Domestically, most of our travel is associated with events like college reunions, or visiting friends and relatives. We extend the trips as appropriate to include sightseeing along the way or near the destination. They're always car trips unless we're really pressed for time, even cross-country trip...
by 22twain
Sat Dec 19, 2015 8:28 am
Forum: Investing - Theory, News & General
Topic: ETF or Fund - Which Do You Use?
Replies: 40
Views: 2910

Re: ETF or Fund - Which Do You Use?

Reasons to use the ETF. - If there is no fund equivalent. - If the expenses of the ETF are lower than those of the fund. - To avoid redemption or purchase fees. - To avoid minimum balances. - If you want to hold a fund somewhere else than the fund's vendor. A couple of years ago I converted a portf...
by 22twain
Sun Dec 06, 2015 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: [Delay Social Security to age 70 - How to handle my retirement account?]
Replies: 2
Views: 382

Re: [Delay Social Security to age 70 - How to handle my retirement account?]

If you withdraw eight years' worth of expenses from your retirement account at once, it will likely push you into a higher tax bracket for that year, and you'll have to pay more taxes than if you withdraw the money gradually. My suggestion: First, estimate which tax bracket you will be in starting a...
by 22twain
Wed Dec 02, 2015 2:03 am
Forum: Investing - Help with Personal Investments
Topic: Roth IRA or Individual Brokerage Account
Replies: 3
Views: 241

Re: Roth IRA or Individual Brokerage Account

I am having a tough time deciding where to put my money: 1.) Roth IRA 2.) Individual Brokerage Account You can have an individual brokerage account inside a Roth IRA. I have one myself. It's at T. Rowe Price, but you should be able to do it most anywhere that offers brokerage accounts: Vanguard, Fi...
by 22twain
Tue Dec 01, 2015 10:44 am
Forum: Personal Finance (Not Investing)
Topic: What govt assistance can I sign up for? (Unemployed for 1.5 yrs)
Replies: 17
Views: 2230

Re: What govt assistance can I sign up for? (Unemployed for 1.5 yrs)

I suspect the answer depends on which state you live in.
by 22twain
Sun Nov 29, 2015 12:13 am
Forum: Investing - Help with Personal Investments
Topic: Index vs ETF & Vanguard vs Vanguard
Replies: 18
Views: 2036

Re: Index vs ETF & Vanguard vs Vanguard

1. What's the difference between Index & ETF? These represent orthogonal dimensions in classifying funds. It's sort of like asking, "what is the difference between green and round?" One dimension is actively-managed funds ("active funds" for short) versus index funds. Active...
by 22twain
Sat Nov 28, 2015 10:29 am
Forum: Investing - Help with Personal Investments
Topic: I have 15% in my 401(k). Coworker in Retirement Planning said that's 10% too much.
Replies: 59
Views: 9110

Re: I have 15% in my 401(k). Coworker in Retirement Planning said that's 10% too much.

Now, when you get to your early 60s, and are going to retire, what is your cash flow? Well, let's say you don't need 10 that you spend on work clothes, commuting, lunch at work, etc. You don't need 15 that you are spending on the mortgage, because your house will be paid off. You don't need 7 that ...
by 22twain
Fri Nov 27, 2015 10:52 am
Forum: Personal Consumer Issues
Topic: Basic sport watch recommendations
Replies: 13
Views: 1322

Re: Basic sport watch recommendations

Right now I have a Casio F-105 which is basically the same as the F-91 referred to earlier. I bought it at Wal-Mart a couple of years ago for about $20. I've used several of them (or similar models, but always Casio) over the last 25-30 years. The "failure mode" is usually that the plastic...
by 22twain
Sun Nov 22, 2015 11:22 pm
Forum: Investing - Help with Personal Investments
Topic: Trying to Figure Out My Retirement Plan Options
Replies: 12
Views: 1528

Re: Trying to Figure Out My Retirement Plan Options

Do they mean "all employer sponsored plans"? Individual plans are completely separate? Yes, the contribution limits for IRAs and employer plans are separate. However, you have to beware of the limits on earnings (technically the "modified AGI") for eligibility to contribute to a...
by 22twain
Fri Nov 20, 2015 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: Need to overcome our frugal habits and splurge a little in retirement
Replies: 63
Views: 7143

Re: Need to overcome our frugal habits and splurge a little in retirement

What are your hobbies/interests besides your (former) work? Do they lend themselves to deeper involvement now that you have both the time and money for it?
by 22twain
Fri Nov 20, 2015 11:20 am
Forum: Investing - Theory, News & General
Topic: Did you predict this week's market direction?
Replies: 41
Views: 3415

Re: Did you predict this week's market direction?

After a weekend of attacks and news coverage, how many of us assumed that Monday would be a down day on both the US and International markets? I did. Yet, the market is up substantially for the week. And then at midweek there was the stuff about how it's looking more and more certain that the Fed w...
by 22twain
Sun Nov 15, 2015 11:13 am
Forum: Investing - Help with Personal Investments
Topic: Brand spankin new to investment (With a pretty unique situation)
Replies: 10
Views: 1164

Re: Brand spankin new to investment (With a pretty unique situation)

Standard Mutual Funds? Index Funds? ETFs? Just to clarify: index funds are a type of management style of mutual fund, in which the investments are managed so that they more or less automatically follow some index. The type of fund that they are typically contrasted with is "active funds" ...
by 22twain
Mon Nov 09, 2015 6:28 pm
Forum: Personal Consumer Issues
Topic: Belgium address
Replies: 4
Views: 518

Re: Belgium address

I think in principle at least, a letter mailed in Europe can omit the country name completely and rely on the prefix letter on the postal code, to get it delivered to the correct country. In the US, it's another matter. I don't know how much USPS workers know about European postal codes. :wink:
by 22twain
Mon Nov 09, 2015 6:20 pm
Forum: Investing - Help with Personal Investments
Topic: need income
Replies: 20
Views: 3279

Re: need income

It would be helpful to have a more complete picture of your overall situation. If you decide to give us such a picture, take a look at the format suggested in the following post which is "stickied" at the top of this forum:

Asking Portfolio Questions
by 22twain
Sun Nov 08, 2015 11:35 pm
Forum: Investing - Theory, News & General
Topic: TIAA-CREF Wealth Management Advisors
Replies: 12
Views: 1142

Re: TIAA-CREF Wealth Management Advisors

Beth, With the assets you have stated you should have been assigned [a Wealth Mangement Advisor]. Mine is listed at the end of my most recent quarterly statement (September 30, the first one in a new format), with a phone number and e-mail address. He wasn't on the preceding statement (June 30, old...
by 22twain
Sun Nov 01, 2015 12:10 pm
Forum: Investing - Help with Personal Investments
Topic: part-time investor, help with portfolio?
Replies: 5
Views: 436

Re: part-time investor, help with portfolio?

clmustang wrote:Debt: +$150,00(I know it sucks)


Does that mean $150,000 or $15,000? What interest rate are you paying?
by 22twain
Fri Oct 30, 2015 10:34 pm
Forum: Personal Finance (Not Investing)
Topic: How much of your total income are you worth?
Replies: 51
Views: 6481

Re: How much of your total income are you worth?

Using our total indexed earnings for Social Security, which roughly adjust for inflation, I get a (net worth) / (total earnings) ratio of about 75% for the two of us combined. Omitting inheritances would probably decrease it to maybe 55-60%. We're in our mid 60s.
by 22twain
Fri Oct 30, 2015 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Does being healthy mean you should save more for retirement?
Replies: 28
Views: 2725

Re: Does being healthy mean you should save more for retirement?

It was probably stress that got to Burns's doctor. I can't imagine Burns being stressed out. :beer

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