Search found 881 matches

by 22twain
Thu Jul 21, 2016 11:14 pm
Forum: Personal Finance (Not Investing)
Topic: How many folks choose to give inheritance to their children in unequal portions?
Replies: 163
Views: 11264

Re: How many folks choose to give inheritance to their children in unequal portions?

Also consider that it's impossible to predict the future. The "responsible child" who doesn't appear to need the money now may become disabled, or otherwise lose his job and not be able to find a new one despite his best efforts and therefore be forced to retire early. The "irresponsi...
by 22twain
Thu Jul 21, 2016 10:15 am
Forum: Investing - Help with Personal Investments
Topic: getting married/divorced- affects on portfolios, IRAs etc?
Replies: 16
Views: 1316

Re: getting married/divorced- affects on portfolios, IRAs etc?

Suppose 'Bob' works and contributes to an IRA at work. IRA at work? Are you talking retirement plans at work like SIMPLE IRA or SEP IRA or Individual IRA? a standard IRA with an employer match etc. Not a simple or SEP. That sounds more a 401(k) or 403(b) plan. To me (and I suspect to most people he...
by 22twain
Wed Jul 20, 2016 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: Help With Picking Job Title at Startup
Replies: 33
Views: 2075

Re: Help With Picking Job Title at Startup

Grand Pooh-Bah. :P
by 22twain
Wed Jul 20, 2016 5:32 pm
Forum: Investing - Help with Personal Investments
Topic: Feeling discouraged
Replies: 60
Views: 5825

Re: Feeling discouraged

EhMerman wrote:how to make my partner's cat not hate me with the passion of a thousand suns.

Maybe you could try this book and report back on the results: 97 Ways to Make a Cat Like You (I just saw it in a bookstore the other day.)
by 22twain
Wed Jul 20, 2016 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Adopt my Girlfriend???
Replies: 38
Views: 6455

Re: Adopt my Girlfriend???

PapaGeek wrote:According to my Citigroup pension, she is my OGDP! Opposite gender domestic partner!


So that's the new term for POSSLQ? 8-)
by 22twain
Wed Jul 20, 2016 6:19 am
Forum: Investing - Help with Personal Investments
Topic: Immediate annuities and my retirement plan
Replies: 48
Views: 4029

Re: Immediate annuities and my retirement plan

1. will 11 years of paying SS result in any SS payout? does one need to pay SS taxes for a minimum amount of time if one is to expect a SS payout? You need 40 quarters (ten years) of SS contributions. 2. how do I calculate how much SS (if any) I could expect to collect at age 70? The best way is to...
by 22twain
Tue Jul 19, 2016 6:23 pm
Forum: Investing - Help with Personal Investments
Topic: Feeling discouraged
Replies: 60
Views: 5825

Re: Feeling discouraged

This graph compares the total accumulated value of my 403(b) account to my contributions, through the middle of last year. Note how long it took for the two lines to start to diverge significantly.

Image
by 22twain
Tue Jul 19, 2016 6:13 am
Forum: Investing - Help with Personal Investments
Topic: How would you invest a $80K lump sum?
Replies: 10
Views: 1072

Re: How would you invest a $80K lump sum?

If I go with DCA, for how long should I spread out the in-flow, a quarter, a year? Several years ago, I invested the proceeds from a CD that was about the size you're dealing with. I split it into 3 or 4 chunks and put them in over a period of maybe 2 weeks. This was to smooth out the effects of da...
by 22twain
Mon Jul 18, 2016 9:47 am
Forum: Investing - Help with Personal Investments
Topic: TIAA Traditional Annuity as sole fixed income component
Replies: 66
Views: 5171

Re: TIAA Traditional Annuity as sole fixed income component

The type of account in which you, or anyone, holds these instruments is easy to determine: It's printed on your TIAA statements. If, for example, a person holds TIAA Traditional in a contact labeled "Retirement Annuity" and also holds TIAA Traditional in a contract labeled "Group Sup...
by 22twain
Sun Jul 17, 2016 10:39 pm
Forum: Investing - Theory, News & General
Topic: Newpaper HL: Rocky Times In Bond Market
Replies: 21
Views: 1149

Re: Bond Drop

. The worse recent drop I could find with a quick check of charts on Morningstar was a drop of 9.20% for "Barclays US Agg Bond TR USD" benchmark for April 1979 to March 1980. For the OP's portfolio ($950K with 40% in bonds) that would mean an overall drop of about 3.7% or $35K. During the...
by 22twain
Wed Jul 13, 2016 9:12 am
Forum: Investing - Theory, News & General
Topic: ETFs or actively managed funds
Replies: 6
Views: 697

Re: ETFs or actively managed funds

I know bogleheads always emphasise using ETFs and not active funds due to their high fees. I think it's more accurate to say that we emphasize using index funds and not active funds. Index funds can be either in the traditional mutual fund format, or in ETF format. For example, you can buy Vanguard...
by 22twain
Tue Jul 12, 2016 1:40 am
Forum: Investing - Theory, News & General
Topic: Backgroung information about retirement in US
Replies: 10
Views: 1265

Re: Backgroung information about retirement in US

You should also keep in mind that Social Security is designed to "replace" a larger fraction of smaller incomes than larger incomes. The cost of living, general income levels, and lifestyles vary widely between different parts of the US. People on this forum tend to live in expensive locat...
by 22twain
Mon Jul 11, 2016 11:22 pm
Forum: Investing - Theory, News & General
Topic: "Jane Bryant Quinn: Plan for a long retirement and maybe even a 101st birthday party."
Replies: 66
Views: 6205

Re: "Jane Bryant Quinn: Plan for a long retirement and maybe even a 101st birthday party."

A retired faculty member here died recently at the age of 109. He was living in a local retirement home and was still going to football and basketball games at the college last year.
by 22twain
Mon Jul 11, 2016 7:15 am
Forum: Personal Finance (Not Investing)
Topic: Good Non-Computer Jobs?
Replies: 16
Views: 1782

Re: Good Non-Computer Jobs?

It it safe for you to use tablet- or smartphone-type devices for limited data entry, for example as a UPS delivery driver? It seems to me that more and more jobs use those.
by 22twain
Mon Jul 11, 2016 12:25 am
Forum: Investing - Help with Personal Investments
Topic: TIAA- Traditional (which one?) vs Bond Market
Replies: 7
Views: 537

Re: TIAA- Traditional (which one?) vs Bond Market

TIAA Traditional, of which there are 3 varieties available- the GSRA at 3%, which according to my understanding is liquid, the RA at 3.5%, which according to my understanding is not, and the SRA at 3%, which I believe is Do you actually have a choice of which one you can place your contributions in...
by 22twain
Mon Jul 11, 2016 12:20 am
Forum: Personal Consumer Issues
Topic: Purchasing physical gold??
Replies: 52
Views: 6894

Re: Purchasing physical gold??

KlangFool wrote:OP,


...who posted his question more than two years ago. :wink:
by 22twain
Sun Jul 10, 2016 4:03 am
Forum: Investing - Help with Personal Investments
Topic: How to get rid of fractional shares
Replies: 12
Views: 2013

Re: How to get rid of fractional shares

Epsilon Delta wrote:If you must show prejudice towards numbers, couldn't you at least reserve it for those that are unreal instead of just unnatural?

Imaginary shares? Wasn't that Bernie Madoff's specialty?
by 22twain
Sun Jul 10, 2016 3:34 am
Forum: Personal Finance (Not Investing)
Topic: Where were you financially when you were at 30?
Replies: 217
Views: 21180

Re: Where were you financially when you were at 30?

When I turned 30 (more than 30 years ago!) I was in the first year of my first "real job" after finishing a Ph.D. in a STEM field, teaching at a small college and earning about $50K in today's dollars. I was single, renting the ground floor of a house across the street from campus. My car ...
by 22twain
Thu Jul 07, 2016 6:11 am
Forum: Personal Finance (Not Investing)
Topic: Sry! basic Q: Roth and after tax investment withdrawal in retirement
Replies: 15
Views: 1021

Re: Sry! basic Q: Roth and after tax investment withdrawal in retirement

Yes, the part of your long term capital gains that is taxed at a 0% rate is included in your AGI (line 37 at the bottom of page 1 of Form 1040). The 0% rate is implemented in the "Qualified Dividends and Capital Gains Tax Worksheet" or the "Schedule D Tax Worksheet" depending on ...
by 22twain
Tue Jul 05, 2016 9:56 am
Forum: Investing - Help with Personal Investments
Topic: Anyway to get traditional IRA funds minimizing tax other then not working?
Replies: 48
Views: 2742

Re: Anyway to get traditional IRA funds minimizing tax other then not working?

They dont work... which means tax bracket currently 0, what would you suggest then? No Social Security? No pensions? No taxable interest or dividends? [added] I just realized, if their other income is low enough, their SS probably isn't taxable, in which case their taxable income may well be very l...
by 22twain
Tue Jul 05, 2016 9:52 am
Forum: Investing - Help with Personal Investments
Topic: Anyway to get traditional IRA funds minimizing tax other then not working?
Replies: 48
Views: 2742

Re: Anyway to get traditional IRA funds minimizing tax other then not working?

Look up their taxable income (line 43) on last year's tax return and compare it to a list of tax bracket amounts. That will tell you about how much additional they can take per year from the IRA before going into the next tax bracket. (Assuming of course that any other sources of income are reasonab...
by 22twain
Mon Jul 04, 2016 10:31 am
Forum: Personal Finance (Not Investing)
Topic: What is your credit card APR?
Replies: 40
Views: 1662

Re: What is your credit card APR?

From the most recent statements on my three cards:

12.42% (AT&T Universal Platinum [Citi] Mastercard)
12.99% (SunTrust Rewards VISA)
15.24% (Chase Freedom VISA)

...but I too never carry a balance, so I don't care what the rates are, which is why I had to look them up.
by 22twain
Mon Jul 04, 2016 10:18 am
Forum: Investing - Theory, News & General
Topic: A few questions [Tracking mutual fund prices vs. ETF]
Replies: 8
Views: 795

Re: A few questions

@22twain: Thanks for the formula! Is there a name for it and why does this allow an accurate prediction of the following day's VTSMX prices? Thanks! I don't know any name for it. It follows from the two prices being proportional, plus a little bit of algebra: (current VTSMX) = (current VTI) * k (pr...
by 22twain
Mon Jul 04, 2016 10:02 am
Forum: Personal Consumer Issues
Topic: Specifying type of room at cheap national chains?
Replies: 29
Views: 2060

Re: Specifying type of room at cheap national chains?

I thought cheap national motel chains meant doors open to the outside walkway even on the 2nd, 3rd floors. Hotels have doors than open to an inside hallway. I think most or all the Super 8's that we've stayed in have had inside hallways. Motel 6 seems to be in a transition: older units have outside...
by 22twain
Mon Jul 04, 2016 12:15 am
Forum: Investing - Theory, News & General
Topic: A few questions [Tracking mutual fund prices vs. ETF]
Replies: 8
Views: 795

Re: A few questions

So how can I look at VTI prices and somewhat predict the mutual fund prices for Total Stock Market? The two prices should be very nearly proportional to each other. So if you know the prices of VTI and VTSMX at the end of a day, you should be able to estimate at any time the following day: (current...
by 22twain
Sun Jul 03, 2016 10:09 am
Forum: Investing - Help with Personal Investments
Topic: Long term investing for grandkids
Replies: 10
Views: 377

Re: Long term investing for grandkids

Argh, you slipped in while I was editing! :P
by 22twain
Sun Jul 03, 2016 10:06 am
Forum: Investing - Help with Personal Investments
Topic: Long term investing for grandkids
Replies: 10
Views: 377

Re: Long term investing for grandkids

Since I am not selling anything, what will be the cost basis when my grandkids get this? If they receive it as a gift while you're alive, their cost basis will be what you paid for it when you bought it, plus reinvested dividends. If they receive it as an inheritance after you die, their cost basis...
by 22twain
Tue Jun 28, 2016 10:30 pm
Forum: Personal Consumer Issues
Topic: Why is everyone up in arms about Costco's credit transition?
Replies: 65
Views: 5279

Re: Why is everyone up in arms about Costco's credit transition?

Pacman wrote:I only have an Amex and Mastercard. I guess thats the end of Costco for me. :-(


Costco doesn't take Mastercard at all? :shock:
by 22twain
Wed Jun 22, 2016 9:20 pm
Forum: Personal Consumer Issues
Topic: Using toll roads without transponder?
Replies: 19
Views: 1555

Re: Using toll roads without transponder?

Where we live in NC there are no toll roads (yet) so we do not have a transponder. I guess you don't live in the Triangle area. :wink: I got a bill from NC Quick Pass a few months ago for using the Triangle Expressway just west of Raleigh, even though I've never used it and haven't even been in tha...
by 22twain
Tue Jun 21, 2016 11:29 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Coaches?
Replies: 52
Views: 3805

Re: Retirement Coaches?

obgraham wrote:Good lord, I need someone to tell me how to do nothing?

"Breathe in... 2... 3... 4... 5... 6...
Out... 2... 3... 4... 5... 6...
In... 2... 3... 4... 5... 6...
Out... 2... 3... 4... 5... 6...
Ommmmmmmm...
Ommmmmmmm...
Zzzzzzzzzzzzzzz..."

8-)
by 22twain
Tue Jun 21, 2016 10:41 pm
Forum: Investing - Help with Personal Investments
Topic: Burning questions of a new investor
Replies: 16
Views: 1544

Re: Burning questions of a new investor

She is however set up to earn 1% of what I make I believe. If she's like most financial advisors, she collects 1% of the total value of your account with her ("assets under management" = AUM) every year, regardless of how much your investments gain or lose . So if your investments gain 5%...
by 22twain
Sun Jun 19, 2016 11:53 pm
Forum: Investing - Help with Personal Investments
Topic: What is a supplemental retirement annuity?
Replies: 6
Views: 726

Re: What is a supplemental retirement annuity?

Will there be different rules when I finally remove money from it? There may be differences between your defined contribution account and your supplemental account. You need to refer to the documentation for those accounts. In my TIAA retirement plan at a small college, one must be older than 59.5 ...
by 22twain
Sun Jun 19, 2016 5:14 pm
Forum: Investing - Help with Personal Investments
Topic: What is a supplemental retirement annuity?
Replies: 6
Views: 726

Re: What is a supplemental retirement annuity?

I suspect (can't be sure without seeing the paperwork for the plans) that your "defined contribution account" is based on employer contributions and perhaps on required employee contributions, whereas the "supplemental retirement annuity" is based on elective contributions that y...
by 22twain
Sun Jun 19, 2016 8:13 am
Forum: Personal Consumer Issues
Topic: website hosting for low traffic website?
Replies: 17
Views: 1167

Re: website hosting for low traffic website?

Plus now they charge extra for things like backup. I would have thought that was taken for granted. Anyway, I'll do my own backup. Never rely on your web-hosting provider for backups. Always keep your own, on your local computer. I've seen plenty of stories about technical problems making a provide...
by 22twain
Sat Jun 18, 2016 3:26 pm
Forum: Personal Consumer Issues
Topic: website hosting for low traffic website?
Replies: 17
Views: 1167

Re: website hosting for low traffic website?

I've used Namecheap's lowest price shared hosting plan for about a year and a half with no problems. $9.88 for the first year and $38.88 per year afterwards. Add the cost of a domain name if you don't have one already, about $10-12 per year or maybe more depending on the top-level domain. You can up...
by 22twain
Fri Jun 17, 2016 11:18 am
Forum: Personal Consumer Issues
Topic: Neighborhood kids setting up lemonade stand on my property
Replies: 102
Views: 5878

Re: Neighborhood kids setting up lemonade stand on my property

If you're in Florida, you might casually suggest to them that they keep an eye out for the alligator that sometimes wanders over from the nearby pond or canal. If you're somewhere else, substitute "bear" or "rattlesnake" or whatever is appropriate for your area.
by 22twain
Thu Jun 16, 2016 2:16 pm
Forum: Personal Consumer Issues
Topic: uber with no smart phone?
Replies: 19
Views: 1524

Re: uber with no smart phone?

I'm in a bona fide boonified area in the Southeast. When I checked the Uber coverage maps about a year ago, the nearest city's service area ended about 30 miles away. Now the service limit is the next town over, about five miles away. Looks like we won't have to wait much longer now. :o
by 22twain
Thu Jun 16, 2016 10:03 am
Forum: Investing - Theory, News & General
Topic: Vanguard VTI vs mutual funds?
Replies: 9
Views: 886

Re: Vanguard VTI vs mutual funds?

The respective share prices (VTI over 100, VTSAX around 50) are meaningless. Pay no attention to that. It is the same as thinking that a Coke in the vending machine costs more because you pay with 4 quarters instead of 1 dollar bill. I think a better analogy would be a vending machine that sells 12...
by 22twain
Mon Jun 13, 2016 11:33 pm
Forum: Investing - Theory, News & General
Topic: "Jane Bryant Quinn: Plan for a long retirement and maybe even a 101st birthday party."
Replies: 66
Views: 6205

Re: "Jane Bryant Quinn: Plan for a long retirement and maybe even a 101st birthday party."

arthurdawg wrote:I'd put one hundred percent in bonds, and the leftover one percent in imaginary bonds!


I-bonds? 8-)
by 22twain
Thu Jun 09, 2016 5:58 pm
Forum: Investing - Help with Personal Investments
Topic: Mutual fund or Index ETF?
Replies: 14
Views: 1085

Re: Mutual fund or Index ETF?

should I invest the money into a mutual fund of some sort or just buy an index etf? https://www.bogleheads.org/wiki/ETFs_vs_mutual_funds Many Vanguard index funds are available both as traditional mutual funds and as ETFs. For people new to investing, mutual funds are easier to deal with than ETFs....
by 22twain
Wed Jun 08, 2016 11:52 pm
Forum: Investing - Theory, News & General
Topic: T Rowe Price or Vanguard?
Replies: 36
Views: 20619

Re: T Rowe Price or Vanguard?

When I received an inheritance several years ago, I invested it in TRP mutual funds, because I remembered that my father had used TRP years ago, and their funds are relatively low-cost compared to many other companies (although not compared to Vanguard, of course). A few years later I discovered thi...
by 22twain
Wed Jun 08, 2016 5:09 pm
Forum: Investing - Theory, News & General
Topic: Who owns Vanguard?
Replies: 20
Views: 2201

Re: Who owns Vanguard?

There's a Wikipedia page about mutual organizations such as Vanguard:

https://en.wikipedia.org/wiki/Mutual_organization
by 22twain
Tue May 31, 2016 10:38 am
Forum: Personal Consumer Issues
Topic: Consumer Cellular - plan changes, eliminating overage charges
Replies: 25
Views: 1856

Re: Consumer Cellular - plan changes, eliminating overage charges

riley42 wrote:I almost signed up for their service until I saw that your bill will be approximately 25% more than what they advertise due to the taxes


You mean there are companies that actually include the taxes in their advertised prices? :shock:
by 22twain
Mon May 30, 2016 9:33 pm
Forum: Personal Consumer Issues
Topic: Consumer Cellular - plan changes, eliminating overage charges
Replies: 25
Views: 1856

Re: Consumer Cellular - plan changes, eliminating overage charges

[under the old system] if within just a couple of hours prior to the end of your billing cycle you see that you've only used 175 min. of talk time and you have the 750 min. plan you can bump it down to the 250 min. plan and save $10.00. It works the same for the data plans. Easily customized for yo...
by 22twain
Sun May 29, 2016 12:24 am
Forum: Personal Consumer Issues
Topic: Traveling through Albuquerque - safe to stop?
Replies: 50
Views: 4895

Re: Traveling through Albuquerque - safe to stop?

stlutz wrote:Can't believe that nobody has warned you against missing a left turn there yet...


Eh, you beat me, Doc...

Image
by 22twain
Wed May 25, 2016 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Why is social security paying so low?
Replies: 49
Views: 5877

Re: Why is social security paying so low?

Yes, the COLAs will probably accumulate to a significant amount over the years, but you'll still only be able to buy about the same number of beers or whatever. :beer
by 22twain
Wed May 25, 2016 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Why is social security paying so low?
Replies: 49
Views: 5877

Re: Why is social security paying so low?

misterno wrote:The result was $2,663 per month if I retire at 62 years old.


Remember, that's for an early retirement from SS point of view. At "normal" retirement age (probably 66 or 67, depending on when you were born), it will be 1/3 bigger, i.e. about $3,540 per month or $42,500 per year.
by 22twain
Tue May 24, 2016 3:19 pm
Forum: Investing - Theory, News & General
Topic: What was your first investment?
Replies: 117
Views: 4780

Re: What was your first investment?

Kemper Money Market Fund during the high inflation of the late 1970's. If I recall correctly, during its peak it was earning something like 1.2%-1.5% per month (not year). That was my first investment, too, besides bank checking and savings accounts. That fund replaced my savings account until inte...
by 22twain
Sun May 22, 2016 8:38 pm
Forum: Personal Consumer Issues
Topic: Local TV channels - via streaming?
Replies: 29
Views: 1867

Re: Local TV channels - via streaming?

It's like impossible to watch any TV at all without a DVR because of the commercials. That's the problem with an antenna or even streaming. Maybe a Tivo can do DVR-like things but they seem complicated to set up. My TiVo does both over-the-air (antenna) TV and cable TV, although I use it only for o...
by 22twain
Fri May 20, 2016 10:31 pm
Forum: Investing - Help with Personal Investments
Topic: Help me build a Three-Fund Portfolio with my TIAA-CREF investment menu
Replies: 6
Views: 839

Re: Help me build a Three-Fund Portfolio with my TIAA-CREF investment menu

You only need 2 funds with TiaaCref because Cref Stock is an all-in-one stock portfolio that includes US, developed markets, and emerging market stocks, large, mid, and small cap. Just to add a bit more info, CREF Stock is about 70% domestic, 30% international. I've been accumulating it for more th...

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