Search found 1948 matches

by Artsdoctor
Sun May 29, 2016 5:41 pm
Forum: Investing - Theory, News & General
Topic: Classic Bernstein 4 — Stocks Always Beat Bonds?
Replies: 19
Views: 2757

Re: Classic Bernstein 4 — Stocks Always Beat Bonds?

Of course, returns have been so generous since 2002 that many have more assets than they deserve to, thanks to the same Fed policies that have reduced T-bill yields, so there's now less need to take that risk, at least if you've been saving and investing the past 20 years and are now running short ...
by Artsdoctor
Fri May 27, 2016 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited IRA with RMDs in peak earning years -- other options?
Replies: 26
Views: 1728

Re: Inherited IRA with RMDs in peak earning years -- other options?

Davey, Inherited asset planning begins when someone decides to name another person as a beneficiary. One would hope that the original owner took the beneficiary's tax situation into account and planned appropriately. For the most part, the younger the beneficiary, the longer the account gets stretch...
by Artsdoctor
Thu May 26, 2016 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited IRA with RMDs in peak earning years -- other options?
Replies: 26
Views: 1728

Re: Inherited IRA with RMDs in peak earning years -- other options?

By "stretch" I mean extending the RMDs beyond one person's lifetime. Your friend didn't earn the money, the decedent did; taxes were not paid during the decedent' lifetime. If the decedent died at 75 and left the IRA to a grandchild who is 15, that is quite a long "stretch."
by Artsdoctor
Thu May 26, 2016 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited IRA with RMDs in peak earning years -- other options?
Replies: 26
Views: 1728

Re: Inherited IRA with RMDs in peak earning years -- other options?

I would try convincing your friend how fortunate he/she is and offer condolences for the loss. Your friend must take RMDs but can stretch them throughout her life. That's not a bad deal since the money has yet to be taxed and can grow tax-deferred for decades more. But there are rules on how his is ...
by Artsdoctor
Thu May 26, 2016 6:48 pm
Forum: Investing - Theory, News & General
Topic: Bernstein says emergency fund part of your "asset allocation?"
Replies: 59
Views: 4718

Re: Bernstein says emergency fund part of your "asset allocation?"

Hi All: I hesitated to post on this one, since all of the above posts were of such high quality and relevance. Have I changed my mind the past two decades a little bit about "one portfolio" versus liability matching/risk portfolios. Well, a little ;-) As several of the above posters have ...
by Artsdoctor
Thu May 26, 2016 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Immediate Annuity and Term Life Insurance?
Replies: 4
Views: 510

Re: Immediate Annuity and Term Life Insurance?

I was playing with the 2 calculators yesterday immediate annuity and term life insurance. For our situation, 19 years gap between us, we can buy immediate annuity when my husband turns 60 and 41 for me. For joint life, 412k will get us $1500 a month for life. Then I will buy 30 years term life insu...
by Artsdoctor
Thu May 26, 2016 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Expected Social Security Benefit if I Have No Income for Five Years Before Claiming at 70
Replies: 96
Views: 5251

Re: Expected Social Security Benefit if I Have No Income for Five Years Before Claiming at 70

Neurosphere, In this particular case, you're correct. Your earner here remains relatively stuck in a job which is not really providing them with reasonable raises. You've calculated their wages presumably tied to the social security wage index but not everyone would fit that category. For example, I...
by Artsdoctor
Thu May 26, 2016 9:53 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 155
Views: 7352

Re: What's Your Credit Card Rewards Strategy?

Use CC's for almost everything. Obviously pay balance monthly. We use our rewards points for business/first class international travel. Usually get 2-4 business class tickets to Europe or Asia every year. These normally cost $5-10k per ticket. We enjoy travel but I'm 6'4" so need more space. P...
by Artsdoctor
Thu May 26, 2016 9:49 am
Forum: Investing - Theory, News & General
Topic: SS benefits calculation questions
Replies: 7
Views: 763

Re: SS benefits calculation questions

To some extent, it's splitting hairs. As we've all stated above, higher earners throughout their lifetimes have diminishing returns compared to middle-earners because of the bend points. As always, ObliviousInvestor is explaining it better than me. Let me try a different approach since there seems t...
by Artsdoctor
Wed May 25, 2016 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: Expected Social Security Benefit if I Have No Income for Five Years Before Claiming at 70
Replies: 96
Views: 5251

Re: Expected Social Security Benefit if I Have No Income for Five Years Before Claiming at 70

This is particularly true for earnings after age 60, which are not indexed (and effectively will end up counting 'less' towards the benefit as the years go by, is one way I think about it). Actually, I'd argue just the opposite. At 60, the indexed earnings are frozen. Going forward, your salary wil...
by Artsdoctor
Wed May 25, 2016 6:02 pm
Forum: Investing - Theory, News & General
Topic: SS benefits calculation questions
Replies: 7
Views: 763

Re: SS benefits calculation questions

Would the indexing that gets applied each year normalize the contributions from year to year, such that contributing the max early in your career is equivalent to contributing the max later in your career? (I think the answer is "not quite, but close" because the max each year increases b...
by Artsdoctor
Wed May 25, 2016 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 155
Views: 7352

Re: What's Your Credit Card Rewards Strategy?

Use CC's for almost everything. Obviously pay balance monthly. We use our rewards points for business/first class international travel. Usually get 2-4 business class tickets to Europe or Asia every year. These normally cost $5-10k per ticket. We enjoy travel but I'm 6'4" so need more space. P...
by Artsdoctor
Wed May 25, 2016 4:27 pm
Forum: Investing - Theory, News & General
Topic: Bernstein says emergency fund part of your "asset allocation?"
Replies: 59
Views: 4718

Re: Bernstein says emergency fund part of your "asset allocation?"

My question is: If someone has an emergency fund of "6-12 months expenses" in safe keeping (like Ally Bank), does this factor into your overall portfolio? For example, if I have $30,000 in my emergency fund, should I factor this into my overall asset allocation? I am a bit confused on how...
by Artsdoctor
Wed May 25, 2016 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Expected Social Security Benefit if I Have No Income for Five Years Before Claiming at 70
Replies: 96
Views: 5251

Re: Expected Social Security Benefit if I Have No Income for Five Years Before Claiming at 70

And those 35 highest earnings years are the amounts after they have been indexed. Hey, can somone wait till 75 or 80 to claim SS benefits or are they required by 70 ? Those 35 years are the highest 35 years after indexing, but the indexing stops when you're 60. After that time, the indexed earnings...
by Artsdoctor
Wed May 25, 2016 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Expected Social Security Benefit if I Have No Income for Five Years Before Claiming at 70
Replies: 96
Views: 5251

Re: Expected Social Security Benefit if I Have No Income for Five Years Before Claiming at 70

Maybe I'm not following this thread correctly but the retirement estimator reports the exact same results for me as anypia for the three milestones (62, FRA, 70) based no current projected income. If I was to hazard a guess I'd say the estimator uses anypia for its calculations too. You could caref...
by Artsdoctor
Tue May 24, 2016 5:29 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation for HSA
Replies: 6
Views: 579

Re: Asset Allocation for HSA

Andy, There are several ways to approach this. Overall, most people would look at their asset allocation as it relates to the entire portfolio. So in theory, your HSA would be just another account and you could just use the cheapest fund as long as it fits into your asset allocation needs. It did th...
by Artsdoctor
Tue May 24, 2016 4:52 pm
Forum: Investing - Help with Personal Investments
Topic: Bond ETF vs Bond Mutual Fund
Replies: 19
Views: 1129

Re: Bond ETF vs Bond Mutual Fund

For what it's worth, my previous experience with bond ETFs was interesting, at least to me. I decided to run my own experiment and it lasted about 18 months. I owned VCIT in brokerage accounts at Schwab, Fidelity, and Vanguard. Each month, the dividend would be reinvested in each account. However, u...
by Artsdoctor
Tue May 24, 2016 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Expected Social Security Benefit if I Have No Income for Five Years Before Claiming at 70
Replies: 96
Views: 5251

Re: Expected Social Security Benefit if I Have No Income for Five Years Before Claiming at 70

One point that is often neglected is that indexing stops at age 60. It doesn't sound as if that applies here, but if one is going to look at past earnings and compare to future earnings at age 60+, it gives you an idea of how working longer can affect the payout for a lot of people.
by Artsdoctor
Mon May 23, 2016 3:08 pm
Forum: Investing - Theory, News & General
Topic: What was your first investment?
Replies: 105
Views: 3525

Re: What was your first investment?

Aside from a passbook savings account as a little kid and various CDs as a teenager: Vanguard's S&P 500 Index fund, in 1986.
by Artsdoctor
Mon May 23, 2016 2:50 pm
Forum: Investing - Theory, News & General
Topic: Bernstein says emergency fund part of your "asset allocation?"
Replies: 59
Views: 4718

Re: Bernstein says emergency fund part of your "asset allocation?"

First, everyone has a different idea of what an emergency fund is made up of (savings account, short-term funds, HELOC, etc.). You're going to get some variations here, and it's a matter of personal preference. But no, I don't include any savings or checking account balances in figuring out my asset...
by Artsdoctor
Mon May 23, 2016 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: A toughie... Trust and Will but no one to ask... what to do?
Replies: 12
Views: 1074

Re: A toughie... Trust and Will but no one to ask... what to do?

What do you do in the situation of no kids or family relatives to act as Power of Attorney or Trustee/Executor. Plenty of friends our age but that seems risky as when we get into our later years they may not be around or capable. So much of the POA and Trustee is based around trust, decency, due di...
by Artsdoctor
Mon May 23, 2016 2:26 pm
Forum: Investing - Help with Personal Investments
Topic: Does Vanguard handle CDs or CD ladders?
Replies: 3
Views: 615

Re: Does Vanguard handle CDs or CD ladders?

I have my 40% in cash and need to put it into the Total Bond Fund and CDs. Does Vanguard sell CDs that you can buy and renew online or through their brokerage service? Yes, and no. Vanguard offers brokered CDs and they may be a little different than what you're used to buying. You will be offered a...
by Artsdoctor
Sun May 22, 2016 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Pre-retirement check-up
Replies: 8
Views: 687

Re: Pre-retirement check-up

She's more than fine. She should have no problem meeting her financial needs.
by Artsdoctor
Sun May 22, 2016 4:02 pm
Forum: Investing - Help with Personal Investments
Topic: Which fund(s) for automatic monthly withdrawls?
Replies: 8
Views: 443

Re: Which fund(s) for automatic monthly withdrawls?

Gort, You have very, very specific needs here. You only want to use Vanguard, you'd like something safe, and you'd like to earn interest more than a money market will pay. The only thing available that I can think of would be a short-term bond fund. I realize an alternative may not be to your liking...
by Artsdoctor
Sun May 22, 2016 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Barclays savings account 1% APR
Replies: 10
Views: 1181

Re: Barclays savings account 1% APR

I use Barclays and have never had a problem with it. Transferring funds can take a couple of days, which is the only gripe I have, but it's a very small gripe.
by Artsdoctor
Sun May 22, 2016 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Considering HDHP HSA in a state that doesn't recognize them
Replies: 8
Views: 700

Re: Considering HDHP HSA in a state that doesn't recognize them

I live in California and would have no hesitation recommending setting up an HSA. If I'm reading between the lines of your post, you're going to be setting up the HSA and not spending it until retirement. This is a smart idea. You will not be able to deduct your HSA contributions from your state tax...
by Artsdoctor
Sat May 21, 2016 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 212
Views: 21081

Re: Physician Retirement Savings

I'm an oral and maxillofacial surgeon, so my professional world bridges between dentistry and medicine. Dental practices still have significant value when bought and sold, but I'm hearing that most medical practices don't hold as much value. For those physicians who are partners/part owners in a pr...
by Artsdoctor
Sat May 21, 2016 7:06 am
Forum: Investing - Help with Personal Investments
Topic: Glide Path: Do you have set allocation percentages planned out by year?
Replies: 23
Views: 962

Re: Glide Path: Do you have set allocation percentages planned out by year?

I've removed assets to build a TIPS ladder which will mature become the ages of 65-85. The remaining assets are what I've carved out for aspirational expenses, roughly 2/3 of the entire portfolio. Between the ages of 55 and 65, the asset allocation of that aspirational portfolio will change annually...
by Artsdoctor
Thu May 19, 2016 3:04 pm
Forum: Investing - Help with Personal Investments
Topic: Never-ending Taxable Bond Dilemma
Replies: 24
Views: 2903

Re: Never-ending Taxable Bond Dilemma

Here is a good look at what happened to the duration of LT-TE back in 2013 when rates went up quite a bit: http://thefinancebuff.com/vanguard-long-term-muni-bond-funds-2.html Yes. I remember seeing that column and it was very helpful. Duration was never meant as a guarantee ("I'll be paid back...
by Artsdoctor
Thu May 19, 2016 2:50 pm
Forum: Investing - Help with Personal Investments
Topic: Is my Financial Advisor worth his salt?
Replies: 56
Views: 3259

Re: Is my Financial Advisor worth his salt?

Depends. What do you want, your goals, tax situation. I followed a BH conventional wisdom in our working lives. Now at 66/69, We have too much in deferred retirement and not enough in taxables. :confused Can you see why? :idea: :annoyed :greedy Boglehead "conventional wisdom" is to divers...
by Artsdoctor
Thu May 19, 2016 2:20 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Sweep Account Changes
Replies: 3
Views: 731

Re: Vanguard Sweep Account Changes

Fidelity is switching as well. I am currently the California muni money market account as my core fund, and that's going to change. The transition will be occurring June 3, according to Fidelity. They insisted that all customers were notified by mail (mail !?!) but I didn't get anything.
by Artsdoctor
Thu May 19, 2016 1:54 pm
Forum: Investing - Theory, News & General
Topic: Is anyone here currently getting an annuity payout?
Replies: 19
Views: 2109

Re: Is anyone here currently getting an annuity payout?

I don't but my father-in-law does. His is through Genworth and there hasn't been a problem at all. And Taylor, thanks as always for being so forthright in your statements. It's because of you that I really started looking into SPIAs for my mom. Although I've read tons of investment information on th...
by Artsdoctor
Thu May 19, 2016 1:48 pm
Forum: Investing - Help with Personal Investments
Topic: Windfall Cash Investment - Help!
Replies: 9
Views: 1316

Re: Windfall Cash Investment - Help!

LOL!!! That post by stlutz is priceless. Well done!
by Artsdoctor
Thu May 19, 2016 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: Is my Financial Advisor worth his salt?
Replies: 56
Views: 3259

Re: Is my Financial Advisor worth his salt?

No, your financial advisor is not worth his salt. He is taking you for a ride.

I'm sure he's knowledgeable in some things (how to make money off of you, for example), but if you're representing his comments correctly, he's not the advisor you want.

Run, don't walk.
by Artsdoctor
Thu May 19, 2016 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Non cash donations
Replies: 9
Views: 728

Re: Non cash donations

You can't just dream up a figure of $1,000 and deduct it. You'll want to really be able to justify how you got your figure on household items (notorious for being far, far less than you think) and fill out the correct tax forms.

https://www.irs.gov/pub/irs-pdf/i8283.pdf
by Artsdoctor
Thu May 19, 2016 1:22 pm
Forum: Investing - Help with Personal Investments
Topic: Special Considerations for High Net Worth? Advisor?
Replies: 40
Views: 2416

Re: Special Considerations for High Net Worth? Advisor?

Moose, An advisor can be valuable. A good one can make sure you don't do anything crazy (sell at the bottom of a bear) or that you don't neglect important pieces of financial planning (estate planning, insurance, etc.). But it will cost you. Sometimes it can be worth it, especially if you have no in...
by Artsdoctor
Thu May 19, 2016 1:04 pm
Forum: Investing - Help with Personal Investments
Topic: Do States tax ROTH IRA withdrawals?
Replies: 4
Views: 711

Re: Do States tax ROTH IRA withdrawals?

Definitely NO.

You might read from time to time about the possibility of adding Required Minimum Distributions to the Roth rule-book, but I haven't read anything serious about taxing Roth withdrawals (from federal or state levels).
by Artsdoctor
Thu May 19, 2016 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: Terrible 401k options...what to do?
Replies: 17
Views: 858

Re: Terrible 401k options...what to do?

Pickles, You're not alone: 401k fees have been horrible for many. Things you might consider would be this. 1. Your income will be heavily taxed. You will get an immediate tax benefit by investing in your 401k now, no matter what the options are. 2. There is a national push to drive 401k fees down so...
by Artsdoctor
Thu May 19, 2016 12:48 pm
Forum: Personal Consumer Issues
Topic: Arrgghhh !!! Windows 10 installed overnight
Replies: 72
Views: 6052

Re: Arrgghhh !!! Windows 10 installed overnight

I've gradually warmed to the idea of night-time upgrades. The concept is a little unnerving, but I've made my peace with it. All of my Microsoft files are up-to-date, and I'm told by our hospital IT people that the benefits outweigh the risks. I'm still skeptical but accept it. I've also noticed a f...
by Artsdoctor
Thu May 19, 2016 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 212
Views: 21081

Re: Physician Retirement Savings

I'm always skeptical of those Medscape slides. The data are based on surveys, so there's going to be some selection bias. Net worth can be very misleading. A large house which is worth a lot of money is nice, but if you don't have the cash flow of a well-run investment portfolio in retirement, you'r...
by Artsdoctor
Thu May 19, 2016 12:37 pm
Forum: Investing - Help with Personal Investments
Topic: Help with European bond ETF selection
Replies: 8
Views: 314

Re: Help with European bond ETF selection

Fabio, US investors have been struggling for years when it comes to fixed income since the yields have been tenaciously low. However, our European counterparts are now into negative yield territory, which is somewhat incomprehensible. From what I understand, corporate bonds have been sought after an...
by Artsdoctor
Thu May 19, 2016 12:24 pm
Forum: Investing - Help with Personal Investments
Topic: Conservative friend getting out of muni/CDs for what?
Replies: 13
Views: 688

Re: Conservative friend getting out of muni/CDs for what?

AirTime, First, your friend is a "little investor." Meaning, she's going to run into high bid-ask spreads on selling her individual munis that could equal a year's interest. Second, as others have pointed out, she doesn't understand "duration." The Vanguard website has informatio...
by Artsdoctor
Thu May 19, 2016 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: 10 Year TIPS Auction
Replies: 14
Views: 1100

Re: 10 Year TIPS Auction

Just saw that there will be reopening of 10 year TIPS auction next Thursday, May 19. Fits within my TIPS ladder, don't have a 2026 maturity. Interested in what other participants may think of this auction given current low TIPS yields. The yields ARE indeed low. Although yesterday saw a huge drop i...
by Artsdoctor
Wed May 18, 2016 5:16 pm
Forum: Investing - Theory, News & General
Topic: Another Bernstein Gem-Don't be Greedy
Replies: 42
Views: 7234

Re: Another Bernstein Gem-Don't be Greedy

I'm a big fan of considering all my assets as components of a single portfolio and managing it top down. That being said, I'm starting to appreciate the wisdom of something William Bernstein describes in his Investing for Adults series. He describes two separate portfolios for an individual: a Liab...
by Artsdoctor
Wed May 18, 2016 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 212
Views: 21081

Re: Physician Retirement Savings

^ PEP and Pease versus AMT have been almost impossible to predict from year to the next. The only effective way I know of to see what's happening is to play around with software. Regarding the housing perks on your tax forms, making decisions based on taxes is always hazardous. If you live in a high...
by Artsdoctor
Tue May 17, 2016 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Fees Exceed Contributions and Interest, Advice?
Replies: 2
Views: 305

Re: HSA Fees Exceed Contributions and Interest, Advice?

Transfer the funds to another HSA account. The fees will be minimal to do it.
by Artsdoctor
Tue May 17, 2016 3:19 pm
Forum: Personal Consumer Issues
Topic: Arrgghhh !!! Windows 10 installed overnight
Replies: 72
Views: 6052

Re: Arrgghhh !!! Windows 10 installed overnight

Embrace Windows 10. It is better than Windows 7. Onward and upward! :mrgreen: Resistance is Futile: You Will Be Assimilated OMG - this is as nerve-wracking as when I had to change from DOS to Windows and from WordPerfect to Word :shock: :shock: Don't be afraid of change. Just make sure your sensiti...
by Artsdoctor
Tue May 17, 2016 2:06 pm
Forum: Personal Consumer Issues
Topic: Arrgghhh !!! Windows 10 installed overnight
Replies: 72
Views: 6052

Re: Arrgghhh !!! Windows 10 installed overnight

Actually, your upgrades usually come in the middle of the night. It's just that this was an extremely big upgrade.
by Artsdoctor
Tue May 17, 2016 1:57 pm
Forum: Personal Consumer Issues
Topic: Arrgghhh !!! Windows 10 installed overnight
Replies: 72
Views: 6052

Re: Arrgghhh !!! Windows 10 installed overnight

Yes, had the same thing happen to me. I've been using it all morning and haven't had a problem, although I've used it on other PCs previously. The difference in speed is pretty significant for me (upgraded from Windows 7 on that particular machine).
by Artsdoctor
Sun May 15, 2016 6:23 pm
Forum: Personal Consumer Issues
Topic: When is cash better than plastic?
Replies: 74
Views: 6608

Re: When is cash better than plastic?

After an earthquake or any other situation when there is temporarily no electricity.

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