Search found 76 matches

by Beehave
Tue Oct 17, 2017 11:06 pm
Forum: Personal Finance (Not Investing)
Topic: Another Pension Lump Sum Help Needed
Replies: 9
Views: 901

Re: Another Pension Lump Sum Help Needed

Crunching the numbers seems to show that the annuity is relatively generous (you would be "buying" it at a very reasonable price). Next issue is the risk-reward comparison, because even if the annuity is nicely priced, that alone is not proof it is the right thing. Annuity Plusses: Guaranteed lifeti...
by Beehave
Tue Oct 17, 2017 10:40 pm
Forum: Investing - Help with Personal Investments
Topic: Lump Sum Pension Guidance
Replies: 5
Views: 522

Re: Lump Sum Pension Guidance

I'll help get the ball rolling and I'm sure more experienced hands will chime in. Regarding advisor: If you feel the need for one pay for one on an hourly basis who does not sell anything other than her or his advice. I'd steer clear of any advisor who has financial products to push. Regarding lump ...
by Beehave
Tue Oct 10, 2017 7:03 pm
Forum: Investing - Help with Personal Investments
Topic: Cyber Security (or lack of) for Mutual Funds
Replies: 20
Views: 1462

Re: Cyber Security (or lack of) for Mutual Funds

I think you're right, the money would have vanished before rollback could be effective. Rollback is much more for mistakes or system errors that can be undone among honest parties. Still, diversification across assets and institutions seems safer than moving to one type of asset and one institution....
by Beehave
Tue Oct 10, 2017 12:54 pm
Forum: Personal Consumer Issues
Topic: My Son is buying a 2017 Toyota RAV 4
Replies: 28
Views: 3030

Re: My Son is buying a 2017 Toyota RAV 4

I'd use the $10K to buy a used Accord or Camry. Save your money the next few years and only buy a new car once you can afford to pay for it in full. It is good to avoid starting a cycle of car loans. Some people never get out of it. If he has $10k set aside for a car, he is off to a good start. I a...
by Beehave
Tue Oct 10, 2017 12:39 pm
Forum: Personal Consumer Issues
Topic: 2017 Honda Accord Hybrid EX-L???
Replies: 15
Views: 996

Re: 2017 Honda Accord Hybrid EX-L???

The 22% discount is impressive. Honda dealers used to refuse to discount and even wanted to charge higher than list. Toyota dealers, in my experience, have been willing to deal aggressively -- at least with similar-type sedans. Assuming you can normally get a 15 to 18% discount off of list for a sim...
by Beehave
Tue Oct 10, 2017 12:11 pm
Forum: Investing - Help with Personal Investments
Topic: Cyber Security (or lack of) for Mutual Funds
Replies: 20
Views: 1462

Re: Cyber Security (or lack of) for Mutual Funds

I suppose some devastating breach is possible. If it happened there would likely be reasonable remedies - - for example roll systems back to a day before (or hour before) the breach. Of course, if the breach were a rolling phenomenon over time that might not be feasible. Suppose you witdraw funds be...
by Beehave
Mon Oct 02, 2017 1:09 pm
Forum: Investing - Help with Personal Investments
Topic: Pension: Lumpsum or leave it for retirement
Replies: 13
Views: 1860

Re: Pension: Lumpsum or leave it for retirement

Almost surely certain over next 20 years: Big time life expectancy increase. This will make annuities much more costly to providers and much more beneficial to owners. Huh? This is absolutely NOT certain. What data are you using to support your belief, given the significant majority of life expecta...
by Beehave
Sat Sep 30, 2017 10:34 pm
Forum: Investing - Help with Personal Investments
Topic: Pension: Lumpsum or leave it for retirement
Replies: 13
Views: 1860

Re: Pension: Lumpsum or leave it for retirement

My opinion - - this is an easy decision. Unknowns over next 20 years: deflation or inflation, market up or down? We don't know. Inflation and market up = better to take and invest the lump sum. Deflation and market down = better to take the annuity. The choice is something of a coin toss based on th...
by Beehave
Sat Sep 30, 2017 5:58 pm
Forum: Investing - Help with Personal Investments
Topic: How Safe are Stable Value Funds
Replies: 24
Views: 1985

Re: How Safe are Stable Value Funds

Around 2007 I contacted Fidelity to ask if the stable value fund they ran for my DW's company's 401k held any mortgage-based securities. I could not get a straight answer out of them. After the crash began, the next 401K report from Fidelity explained that the sub-par performance of her stable value...
by Beehave
Thu Sep 21, 2017 9:10 am
Forum: Personal Consumer Issues
Topic: New vehicle...GMC Acadia, Chevy Traverse, or Buick Enclave?
Replies: 127
Views: 21307

Re: New vehicle...GMC Acadia, Chevy Traverse, or Buick Enclave?

And no minivan under consideration because...? Sienna has nearly double carrying capacity of Highlander. Pacifica hybrid mpg kills Durango. Hang a netted see-through sack containing two tennis balls on the trailer hitch of your minivan if machismo-gap is the issue. P.S. Sienna has heavy duty tow pac...
by Beehave
Thu Sep 14, 2017 11:13 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about home purchase in a 55+ community?
Replies: 26
Views: 2298

Re: Questions about home purchase in a 55+ community?

(1) With a twelve year community build-out there is lots of risk. Check the contract they'll ask you to sign. You will be promising to commit to a million long-term things and in all odds in return they'll be telling you that they can change the lot sizes, homes, clubhouse or anything else in the c...
by Beehave
Thu Sep 14, 2017 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about home purchase in a 55+ community?
Replies: 26
Views: 2298

Re: Questions about home purchase in a 55+ community?

This potential home purchase for you just does not sound right to me. (1) With a twelve year community build-out there is lots of risk. Check the contract they'll ask you to sign. You will be promising to commit to a million long-term things and in all odds in return they'll be telling you that they...
by Beehave
Sat Sep 02, 2017 1:14 pm
Forum: Personal Consumer Issues
Topic: SUV thread (with a twist)
Replies: 44
Views: 4232

Re: SUV thread (with a twist)

Get a minivan. Living in the suburbs you and your wife WILL be carpooling to school, scouting, sports, and parties. You will come to value a large, reliable, roomy, safe three row vehicle as a necessity. Get a Toyota Sienna (rock solid reliable, very safe) or Honda Odyssey (rock solid safe, reliable...
by Beehave
Fri Sep 01, 2017 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: Question about pension and risk
Replies: 36
Views: 2193

Re: Question about pension and risk

I recently retired from a large Corp with a reasonable pension and was evaluating how it affects risk tolerance. I have 2M investable assets with ~ 45/55 stock/bond AA and was wondering if I should be more aggressive with the AA since there is a steady stream of income. When both the spouse and mys...
by Beehave
Wed Aug 30, 2017 10:42 pm
Forum: Personal Consumer Issues
Topic: Coyote Defense
Replies: 69
Views: 5206

Re: Coyote Defense

Carrying something you will use as a weapon that the coyote does not understand seems to be inviting danger to me. Many years ago I had a friend in Ann Arbor who had a female dog she could not walk when the dog came into heat because of the large pack of unruly dogs that ran loose in those days (fro...
by Beehave
Mon Aug 28, 2017 11:24 am
Forum: Investing - Help with Personal Investments
Topic: Prior employer wants to lump sum me out - check my logic
Replies: 18
Views: 1568

Re: Prior employer wants to lump sum me out - check my logic

I think best bet for you and your wife is to take the pension offer of either $750 per month or $118,000 at age 65. You and your wife will most likely still be alive and well and a monthly income stream of any size is a wonderful thing in retirement. Discuss with your wife. This is simply one of man...
by Beehave
Sun Aug 27, 2017 10:29 pm
Forum: Investing - Help with Personal Investments
Topic: approaching 70, and a totally new situation.
Replies: 31
Views: 4241

Re: approaching 70, and a totally new situation.

Based on your post you'll have about $166,000 in income with part-time work and $156,000 without. If the work is enjoyable keep it for your emotional well-being even though it will be taxed high and you will be earning too much to contribute to a Roth IRA. If you can contribute to a Roth this year (...
by Beehave
Thu Aug 24, 2017 10:34 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with series EE savings bonds?
Replies: 28
Views: 2901

Re: What to do with series EE savings bonds?

The irony of this site. This morning found a $100 EE savings bond given to me as a gift dated 8/1996. On the top right corner, it says "interest ceases 30 years from issue date." Obviously not a high level of concern on cashing out, but how do you even find out the interest rate on this? At a minim...
by Beehave
Tue Aug 22, 2017 4:20 pm
Forum: Investing - Help with Personal Investments
Topic: 29 Years Old: Am I Too Conservative
Replies: 15
Views: 1485

Re: 29 Years Old: Am I Too Conservative

Question for the board: am I being too conservative based on my current situation outlined below? 1 Year Expenses in Ally Savings. 3 Months in local checking account Single Income. Wife stays at home. I am in IT Sales No debt other than $312k mortgage on $450k house. 3.875% rate 4 Years of Instate ...
by Beehave
Mon Aug 21, 2017 7:29 pm
Forum: Investing - Help with Personal Investments
Topic: Where to park emergency fund to beat inflation?
Replies: 25
Views: 3219

Re: Where to park emergency fund to beat inflation?

welcome to the forum. congratulations on your situation. good problem to have. Why not split the difference. If you don't have a Roth IRA set up, why not put $5500 there and the other $4500 in an emergency savings account (or CD matching the timeframe when you might need the money). The benefit of ...
by Beehave
Mon Aug 21, 2017 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 461
Views: 41659

Re: Picking College and College Scholarships

Why is everyone so dead-set certain that a career at Google or Exxon-Mobile is ideal either in general or for this particular student? There are so many small startups dancing circles around the big guys. How pigeon-holed will this young man be with the career-paths envisioned in the posts above on ...
by Beehave
Mon Aug 21, 2017 12:20 pm
Forum: Personal Consumer Issues
Topic: Safe car for wife and baby
Replies: 97
Views: 5944

Re: Safe car for wife and baby

My wife is due to have our first child in about six weeks. She drives a 2016 Honda Civic, which was highly ranked by the NHTSA and IIHS. It was a 5 star and Top Safety Pick. However, common sense (or maybe not) tells me that a larger car like an SUV or a larger sedan would probably be safer in the ...
by Beehave
Thu Aug 17, 2017 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone planning on never retiring?
Replies: 138
Views: 10554

Re: Anyone planning on never retiring?

Some people retire and are happy and thrive. Others deteriorate. If you ask whether anyone just plans to keep working, that is probably what you want to do. I felt the way you feel and have been teaching for 7 years since retiring from IT. I teach primarily evening classes and am a part-time employe...
by Beehave
Wed Aug 16, 2017 11:09 am
Forum: Investing - Help with Personal Investments
Topic: Cancer at 38. Going from high income to no income. Need help generating income from $5m portfolio
Replies: 45
Views: 9599

Re: Cancer at 38. Going from high income to no income. Need help generating income from $5m portfolio

My husband was recently diagnosed with a rare form of cancer at the age of 38 and is now unable to work. It came as a complete shock (he has always been very fit and healthy). The type of cancer is rare and the prognosis is typically very poor but patients have a large range of outcomes including s...
by Beehave
Mon Aug 14, 2017 9:38 am
Forum: Personal Consumer Issues
Topic: Tub/shower/bath cleaners...your recommended products?
Replies: 19
Views: 1782

Re: Tub/shower/bath cleaners...your recommended products?

Beyond soap film, which just about any product can remove, what is your recommended product for tough jobs (like mineral deposits)? I used to use this product that I can't find anymore and can't remember the name. If I describe it, hopefully someone will reply with the name and once I see it, I'll ...
by Beehave
Mon Aug 14, 2017 9:17 am
Forum: Personal Consumer Issues
Topic: Long Distance Auto Transport
Replies: 7
Views: 566

Re: Long Distance Auto Transport

Good morning, I need to ship a car from Western PA to LA. Has anyone had experience with an auto transport company? Would appreciate comments--good or bad--wrt specific companies. Montway, found online, appears to be a large one (at least online) and shows a number of excellent reviews. But when yo...
by Beehave
Sun Aug 13, 2017 3:42 pm
Forum: Investing - Help with Personal Investments
Topic: Create a Mortgage Payoff Fund or Not?
Replies: 20
Views: 1505

Re: Create a Mortgage Payoff Fund or Not?

I'd do option 3 which is pay off the whole thing now and open a line of credit for the emergency which will probably never happen. Option 3 makes more sense to me than option1 because it removes the monthly mortgage payment. However, If the OP is more comfortable keeping cash on hand than emptying ...
by Beehave
Sun Aug 13, 2017 2:34 pm
Forum: Investing - Help with Personal Investments
Topic: Create a Mortgage Payoff Fund or Not?
Replies: 20
Views: 1505

Re: Create a Mortgage Payoff Fund or Not?

Option 2 looks better to me. - I think you are better served with your current emergency fund given the high cost of living in your area. - If you pay down a portion of the loan principle you will still have your monthly mortgage payments but your tax deduction for those payments will be reduced. - ...
by Beehave
Sun Aug 13, 2017 1:56 am
Forum: Personal Finance (Not Investing)
Topic: IRA withdrawal tax aConsider couple on Medicare and over 70.5 years of age. They must take RMDsnd Medicare implications
Replies: 13
Views: 1201

Re: IRA withdrawal tax aConsider couple on Medicare and over 70.5 years of age. They must take RMDsnd Medicare implicat

Download the TaxCaster app, enter all their income data, and you'll have your answers. They would need to determine if it would be better to do conversions over a period of a couple years to minimize taxes (and the tradeoff with multiple years of higher Part B premiums). Thanks. With current tax br...
by Beehave
Sun Aug 13, 2017 1:44 am
Forum: Personal Finance (Not Investing)
Topic: IRA withdrawal tax aConsider couple on Medicare and over 70.5 years of age. They must take RMDsnd Medicare implications
Replies: 13
Views: 1201

Re: IRA withdrawal tax aConsider couple on Medicare and over 70.5 years of age. They must take RMDsnd Medicare implicat

Consider couple on Medicare and over 70.5 years of age. They must take RMDs each year from their IRAs (and any 401ks). After they have taken their RMDs in a year (............................... (2) If yes, then if they withdraw significant funds, each dollar will be added to that year's income so ...
by Beehave
Sat Aug 12, 2017 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: IRA withdrawal tax aConsider couple on Medicare and over 70.5 years of age. They must take RMDsnd Medicare implications
Replies: 13
Views: 1201

IRA withdrawal tax aConsider couple on Medicare and over 70.5 years of age. They must take RMDsnd Medicare implications

Consider couple on Medicare and over 70.5 years of age. They must take RMDs each year from their IRAs (and any 401ks). After they have taken their RMDs in a year (1) Can withdraw any remaining IRA funds they wish and deposit them into a Roth IRA? (2) If yes, then if they withdraw significant funds, ...
by Beehave
Fri Aug 11, 2017 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: Progress, thanks, and seeking advice on 2nd careers
Replies: 20
Views: 2518

Re: Progress, thanks, and seeking advice on 2nd careers

Well indexing and the market have been good for me, started this month with investment accounts only finally in the $2M range. Remain tremendously appreciative of the many posters who are deeply knowledgable and deeply engaged on this site for all of the advice they provide. Onward and upward hopef...
by Beehave
Fri Aug 11, 2017 9:20 pm
Forum: Investing - Help with Personal Investments
Topic: Bernstein's Simpleton's Portfolio
Replies: 40
Views: 4588

Re: Bernstein's Simpleton's Portfolio

(1) Looks to me like you have no exposure to US mid-caps. I'd suggest discontinuing contributions to US small and instead, start and continue contributions to a US "completion index" or "extended" fund which has both mid- and small-cap stocks. You're right, we're missing US midcap with this allocat...
by Beehave
Fri Aug 11, 2017 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Planning for my Wife - Introductory Post & First Question
Replies: 23
Views: 3145

Re: Planning for my Wife - Introductory Post & First Question

A good way for your wife to learn will be for you to go over the last year's tax return with her. Point out where each part of your income shows up on the 1040 form and any other forms. Show her where the AGI is (line 37) and what the MAGI is (I think line 37 plus line 8b) so she can understand the ...
by Beehave
Fri Aug 11, 2017 2:22 pm
Forum: Investing - Help with Personal Investments
Topic: Bernstein's Simpleton's Portfolio
Replies: 40
Views: 4588

Re: Bernstein's Simpleton's Portfolio

(1) Looks to me like you have no exposure to US mid-caps. I'd suggest discontinuing contributions to US small and instead, start and continue contributions to a US "completion index" or "extended" fund which has both mid- and small-cap stocks. (2) My feeling is that rather than 25% in bonds, you'd d...
by Beehave
Fri Aug 11, 2017 10:16 am
Forum: Personal Consumer Issues
Topic: Best place (with warm weather) to raise children
Replies: 107
Views: 17677

Re: Best place (with warm weather) to raise children

Tampa, Clearwater, or Sarasota Florida. Hot weather much of the year (no seasons) and questionable schools in SW Florida. Howard County, MD for excellent public schools. Maybe some portions of Raleigh, Durham, Chapel Hill NC if you want warmer than Maryland. Be careful about the schools there, prob...
by Beehave
Wed Aug 09, 2017 6:13 pm
Forum: Personal Consumer Issues
Topic: Best at Home Safe
Replies: 24
Views: 1904

Re: Best at Home Safe

Either one that is secured to the slab or some other house object or very heavy. Unfortunately, we had a robbery with a safe containing a large coin collection that included stealing a 400 pound safe in less than thirty minutes. We are still uncertain how someone knew it existed since it was in a c...
by Beehave
Thu Aug 03, 2017 9:53 am
Forum: Personal Consumer Issues
Topic: MIL wants to move in with us
Replies: 45
Views: 3456

Re: MIL wants to move in with us

Sounds as if your DW and MIL made a decision without your actual participation. My suggestion would be to request a re-wind where everyone can express their wants and needs. In case you end up with addition and MIL moving in, you should negotiate what's acceptable to you within that framework that w...
by Beehave
Thu Aug 03, 2017 9:53 am
Forum: Personal Consumer Issues
Topic: MIL wants to move in with us
Replies: 45
Views: 3456

Re: MIL wants to move in with us

Sounds as if your DW and MIL made a decision without your actual participation. My suggestion would be to request a re-wind where everyone can express their wants and needs. In case you end up with addition and MIL moving in, you should negotiate what's acceptable to you within that framework that w...
by Beehave
Thu Aug 03, 2017 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Losing confidence in Ally Bank - what would you do
Replies: 58
Views: 6865

Re: Losing confidence in Ally Bank - what would you do

This is the second time that I've had difficulties making a transfer from Ally to my main brick and mortar checking account when I needed it, but this second case is a particularly egregious example. So, I'd be interested in what you would do in my situation - stay with them and give them a chance ...
by Beehave
Mon Jul 31, 2017 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: Someone else applied for a friend's social security
Replies: 9
Views: 1410

Re: Someone else applied for a friend's social security

The SSA has and OIG function (Office of Inspector General) that handles fraud. Google "oig and fraud" for details - - but here's the contact info from the website: * * * * * REPORT FRAUD Reporting is easy, safe, and secure. You can reach us by internet, phone, mail, or facsimile. Internet: Fraud Rep...
by Beehave
Mon Jul 31, 2017 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Philosophy major and future law student
Replies: 93
Views: 5211

Re: Philosophy major and future law student

It turns out Philosophy has a very high salary compared to many other majors: higher than undergrad business even. Most philosophers do not go into academia but other professions, where they use their thinking skills taught in philosophy. Nothing stops him getting a double major in philosophy and c...
by Beehave
Mon Jul 31, 2017 4:16 pm
Forum: Investing - Theory, News & General
Topic: [Fidelity Beats Vanguard on Total Expenses for 14 Index Mutual Funds]
Replies: 63
Views: 4580

Re: Fidelity Tries to Out-Vanguard Vanguard With Latest Fee Cuts

Boston Globe is reporting that Fido is laying off another ~1% of workers (above the 1500 voluntary buy outs from a couple weeks ago). We should be careful what we wish for toward lower expenses — won't services fall off too? Vanguard is mentioned all the time on this forum as the cheapest but least...
by Beehave
Mon Jul 31, 2017 1:54 pm
Forum: Personal Consumer Issues
Topic: Filling bookshelves cheaply
Replies: 56
Views: 2932

Re: Filling bookshelves cheaply

This is pretty much the definition of a first world problem, but anyway... I just started as a professor at a top university following my Ph.D. I have a nice big office that has 16 bookshelves (four bookshelf units each with four shelves). I only own 5 books because everything I need to access is e...
by Beehave
Mon Jul 31, 2017 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Toyota Marketing Fund
Replies: 10
Views: 1108

Re: Toyota Marketing Fund

Must be a very hot selling Toyota in your part of the country. :confused As perez99 stated, you want to negotiate the out-the-door price. Everything else is hot air. This is correct. The way to negotiate is to start with the factory sticker MSRP and subtract some percentage off of it. That comprise...
by Beehave
Tue Jul 25, 2017 11:37 pm
Forum: Personal Consumer Issues
Topic: Need Options - Honda Accord Incredibly Uncomfortable Seats
Replies: 81
Views: 5701

Re: "10 Savvy Ways You Can Spot Fake Reviews"

Bogleheads: First time Boglehead posters bashing a non-financial product may be real but good investors are skeptical. This article will help spot impostors: 10 Savvy Ways You Can Spot Fake Reviews Best wishes. Taylor +1. The original post reads (to me) as very overly dramatic and has so many clich...
by Beehave
Tue Jul 25, 2017 9:48 pm
Forum: Personal Consumer Issues
Topic: Need Options - Honda Accord Incredibly Uncomfortable Seats
Replies: 81
Views: 5701

Re: Need Options - Honda Accord Incredibly Uncomfortable Seats

[ Thank you for the very detailed response. Unfortunately I am done with Honda. None of their current models seem any more comfortable and may be worse, except the Pilot and maybe the new CRV and new Odyssey. Those vehicles are completely different classes and sizes. I kick myself for not getting th...
by Beehave
Tue Jul 25, 2017 9:35 pm
Forum: Personal Consumer Issues
Topic: Golfers - need to ramp up ASAP!
Replies: 42
Views: 3793

Re: Golfers - need to ramp up ASAP!

[quote="goblue100"]I would offer to drive the cart and drink beer. More fun than playing anyway, IMHO. :) A most viable alternative! You can spot shots and help find lost balls and participate in the group fun in that helping way. P.S. anyone with a "Go Blue" sentiment will do well to google "univer...
by Beehave
Tue Jul 25, 2017 9:11 pm
Forum: Personal Consumer Issues
Topic: Need Options - Honda Accord Incredibly Uncomfortable Seats
Replies: 81
Views: 5701

Re: Need Options - Honda Accord Incredibly Uncomfortable Seats

My understanding is that car seats no longer have springs and so use foam. Foam softens over time, so maybe it will improve over time. Not to be facetious - - but maybe you have a large friend who can sit in the seat for an hour or two and see if that helps break it in (softens the foam and thereby ...
by Beehave
Tue Jul 25, 2017 1:10 pm
Forum: Personal Consumer Issues
Topic: Golfers - need to ramp up ASAP!
Replies: 42
Views: 3793

Re: Golfers - need to ramp up ASAP!

Hi BH Golfers, I was invited to a big reunion with some college friends. Among the activities is 18 holes of golf. I have one month to prepare. I haven't golfed in probably 20 years and I was never bit by the 'golf bug.' But now I live within walking distance of two golf courses and it might be a g...