Search found 409 matches

by CedarWaxWing
Sun Apr 22, 2018 12:45 am
Forum: Personal Consumer Issues
Topic: BH travel tips?
Replies: 124
Views: 6827

Re: BH travel tips?

I carry extra travel wallets and go out only with what I'm ok with being stolen - small cash, credit card with small credit limit. I have experience getting mugged during decades of lots of global travel. Depending on location, I take pics of rental vehicles. Haven't had issues with major companies...
by CedarWaxWing
Sat Apr 21, 2018 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: stocks gifted and new basis?
Replies: 7
Views: 338

Re: stocks gifted and new basis?

I wrote them and told them they should be ashamed of themselves for publishing such an article. Gill Thanks Gill. I have a friend who subscribes to their publication and he has given me the impression that over all they are usually good. I was a bit surprised, to say the least that anyone would put...
by CedarWaxWing
Fri Apr 20, 2018 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: “The Smell of Retiree Mon$y...”
Replies: 57
Views: 7823

Re: “The Smell of Retiree Mon$y...”

SeeMoe To keep it simple, what they are doing is reprehensible . Reprehensible - adj Deserving censure or condemnation. Were someone pulling this cr*p with a dear friend or a loved one of mine there would be hell to pay. Cheers They should be reported to their licensing agency... and or the state c...
by CedarWaxWing
Fri Apr 20, 2018 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Is the first 100k really the hardest?
Replies: 95
Views: 29575

Re: Is the first 100k really the hardest?

It will be the hardest for some because those early years also tend to be your lower income years to start with. Earning less means not able to save as much, at a time when one is also tending to need to buy their first good car, cover their own insurance, pay off student loans... etc.
by CedarWaxWing
Fri Apr 20, 2018 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Got hit with a $2800 Medical bill. Can I negotiate?
Replies: 187
Views: 9198

Re: Got hit with a $2800 Medical bill. Can I negotiate?

BTW... when is the last time your insurance company gave you a discount simply because you asked for it? Not a discount per se, but insurance agreed to cover 2 blood tests my doctor ran as part of my annual physical for free (as preventive testing) when I called them to ask about it. They covered i...
by CedarWaxWing
Fri Apr 20, 2018 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: stocks gifted and new basis?
Replies: 7
Views: 338

stocks gifted and new basis?

https://www.fool.com/knowledge-center/how-is-the-fair-market-value-of-stock-determined.aspx This link suggests something that does not sound correct to me: An uncle pays $5 per share for stock. Later after it goes up to fair market value of $10 he gifts it to his niece Sally. Then its FMV goes up to...
by CedarWaxWing
Fri Apr 20, 2018 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: Got hit with a $2800 Medical bill. Can I negotiate?
Replies: 187
Views: 9198

Re: Got hit with a $2800 Medical bill. Can I negotiate?

The standards of practice are not defined by the cost to the patient. Docs have to practice the same medicine on everyone, and do the right thing on everyone. If they should consider costs, which most try to, they cannot base that on the type of insurance on has. If a doc does makes an error...it ge...
by CedarWaxWing
Fri Apr 20, 2018 6:38 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with T. Rowe Price funds
Replies: 18
Views: 1799

Re: What to do with T. Rowe Price funds

We have seen people think that their shares have a high amount of unrealized capital gains, but then when they looked closely, they discovered that they had been paying taxes on distributions each year, so that there were minimal unrealized gains as all the gains had been realized and taxed along t...
by CedarWaxWing
Fri Apr 20, 2018 6:09 pm
Forum: Investing - Theory, News & General
Topic: NYT article: Everyone should hire a financial planner
Replies: 90
Views: 5955

Re: NYT article: Everyone should hire a financial planner

I always love how financial planners compare themselves to doctors and lawyers. You don't even need a high school diploma to be a "financial planner". Not sure what you point is. I know a doctor - DVM, not MD, who neither graduated high school or college. :happy DVM and the license to practice requ...
by CedarWaxWing
Fri Apr 20, 2018 5:31 pm
Forum: Investing - Theory, News & General
Topic: How good are Vanguard bond funds?
Replies: 51
Views: 4347

Re: How good are Vanguard bond funds?

PIMCO seems to be really big on derivatives. To me, that says they're basically faking the index, not actually following it. I'm sure it works -- until it doesn't... I used to hold PIMCO Total Return as it was a "winner". Then I later started looking under the covers and realized they had much lowe...
by CedarWaxWing
Fri Apr 20, 2018 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Undecided students and STEM majors
Replies: 51
Views: 3879

Re: Undecided students and STEM majors

3 boys went through college... U of Washington for 2, and WSU for 1. Eldest: UW Biology was his major, Minor in German Had 3 yr status by end of his second quarter due to AP Was undecided at admission, had no trouble getting most any course he wanted in part because he had early upper division statu...
by CedarWaxWing
Fri Apr 20, 2018 2:29 pm
Forum: Investing - Theory, News & General
Topic: NYT article: Everyone should hire a financial planner
Replies: 90
Views: 5955

Re: NYT article: Everyone should hire a financial planner

Neurosphere But this is a tricky subject. I gave a 2-hour financial lecture the other day. This one was on types of retirement accounts, and basic investment strategies like target date funds vs 3-fund portfolios, the role of fees, etc. And I started the lecture as I always do "you should expect th...
by CedarWaxWing
Fri Apr 20, 2018 1:46 pm
Forum: Investing - Theory, News & General
Topic: NYT article: Everyone should hire a financial planner
Replies: 90
Views: 5955

Re: NYT article: Everyone should hire a financial planner

The concept, in general, of using a financial advisor is fine. I find this list and the many books I have found (most of which are also on this list's Wiki) to be very good in that regard. I also have a good friend who is bogleheadish and he and I bounce things off each other both financial and in o...
by CedarWaxWing
Thu Apr 19, 2018 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: “The Smell of Retiree Mon$y...”
Replies: 57
Views: 7823

Re: “The Smell of Retiree Mon$y...”

A group with a care facility that you reside in should not be soliciting donations from you. That is not ethical, and creates a conflict of interest that is obvious. In some places it is illegal for any caretakers to be soliciting any money or valuables or favors from those in their care.
by CedarWaxWing
Thu Apr 19, 2018 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: “The Smell of Retiree Mon$y...”
Replies: 57
Views: 7823

Re: “The Smell of Retiree Mon$y...”

We are in our mid seventies and live in a very nice 5 Star CCRC That is managed by a nationally known service organization that does a lot of good for sick kids and widows in need. It is tax exempt because of their good works.they, and several others ,to include a Christian college and a catholic s...
by CedarWaxWing
Tue Apr 17, 2018 8:35 pm
Forum: Personal Consumer Issues
Topic: Is Los Angeles a good place long term to live financially?
Replies: 159
Views: 9946

Re: Is Los Angeles a good place long term to live financially?

Jack FFR1846 wrote:
Tue Apr 17, 2018 5:15 pm
You should be able to find a reasonable, standard size spot to park yourself for about $150k.

Of course, I'm talking about a single parking space.
1+
by CedarWaxWing
Tue Apr 17, 2018 8:34 pm
Forum: Personal Consumer Issues
Topic: Is Los Angeles a good place long term to live financially?
Replies: 159
Views: 9946

Re: Is Los Angeles a good place long term to live financially?

Some of my goals are: 1. Get an MBA at a good business school in the area 2. Find a good paying job in LA after graduating 3. Find a beautiful woman to marry who has a high net worth, and hopefully being in a big city like LA I’d find someone 4. Buy a very big house Consider an adapted goal set: 1....
by CedarWaxWing
Tue Apr 17, 2018 8:24 pm
Forum: Personal Consumer Issues
Topic: Is Los Angeles a good place long term to live financially?
Replies: 159
Views: 9946

Re: Is Los Angeles a good place long term to live financially?

VictoriaF wrote:
Tue Apr 17, 2018 5:08 pm
GrayS26 wrote:
Tue Apr 17, 2018 3:55 pm

3. Find a beautiful woman to marry who has a high net worth, and hopefully being in a big city like LA I’d find someone
The best market for beautiful rich women is New York City. If you are any good, organize an auction.

Victoria
Did you just recommend that he auction himself off? :)
by CedarWaxWing
Mon Apr 16, 2018 4:22 pm
Forum: Investing - Help with Personal Investments
Topic: NEVER Have a Balanced Fund in Taxable?
Replies: 25
Views: 5244

Re: Re:

But the balanced index was almost as tax efficient, and over the last 15 yrs did better after taxes. 1-Mo 3-Mo 6-Mo YTD 1-Yr 3-Yr 5-Yr 10-Yr 15-Yr Since Inception (03/31/2018) Pretax Return VTMFX -0.89 -0.73 2.56 -0.73 7.96 6.12 7.65 7.07 7.29 7.52 VBIAX -0.93 -0.88 3.05 -0.88 8.74 6.65 8.52 7.58 8....
by CedarWaxWing
Mon Apr 16, 2018 3:20 pm
Forum: Investing - Help with Personal Investments
Topic: NEVER Have a Balanced Fund in Taxable?
Replies: 25
Views: 5244

Re:

There is Tax Managed Balanced (VTMFX) . The problem is it has a 1% penalty within 5 years on withdrawls. Distributions aren't penalized. It's 47% equities and 53% bonds. You can do something similar with Total Stock Market and intermediate tax exempt bonds. Paul But the balanced index was almost as...
by CedarWaxWing
Fri Apr 06, 2018 2:37 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Customer Service
Replies: 37
Views: 3040

Re: Vanguard Customer Service

I was listening to the Clark Howard podcast this week and he gave Vanguard his Clarkrageous award due to "long wait times for phone service". It is sad to see the company go downhill in this way. So far I have never had to call them for anything, (except for back when they had the free retirement p...
by CedarWaxWing
Thu Apr 05, 2018 6:00 pm
Forum: Investing - Help with Personal Investments
Topic: Large Single Stock Position - Can't Sell - Retirement Account
Replies: 45
Views: 3057

Re: Large Single Stock Position - Cant Sell - Retirement Account

"I cannot and do not wish to sell at this point." 1. cannot and do not wish to sell are two very different situations. Is it cannot and do not wish to, or both? 2. You seem to wish to simply keep it and treat it as if it is not part of your allocation for purposes of rebalancing. Yes, you can do tha...
by CedarWaxWing
Wed Apr 04, 2018 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 Camry. What's wrong with me?
Replies: 99
Views: 5373

Re: 2018 Camry. What's wrong with me?

Last weekend I test drove a 2018 Camry. After the drive I walked away feeling numbed. It seemed the new Camry didn't instill any sense of emotions into me. No wows. No oohs. Nothing. It was a nice compliant drive but lacking any connections and excitement. Could it be that I already set up myself f...
by CedarWaxWing
Wed Apr 04, 2018 1:20 pm
Forum: Investing - Theory, News & General
Topic: EverBank Novel CD Product
Replies: 18
Views: 1807

Re: EverBank Novel CD Product

The pitch the sales person (CFA) gives implies some returns that are high, with no real basis for that implication. To bet on currency strengths, based on one sector, oil, seems iffy at best, perhaps because I don't know enough about the how to evaluate that bet. I also don't know what the bank's cu...
by CedarWaxWing
Mon Apr 02, 2018 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Sad because I did not know what I was doing with inheritance
Replies: 31
Views: 5440

Re: Sad because I did not know what I was doing with inheritance

I am currently dealing with an 86 year old client who inherited a $250,000 annuity from her brother which had a large taxable gain in it. She told the insurance agent that it was important to her that she preserve the money and not lose any. So the insurance agent did a total distribution with no w...
by CedarWaxWing
Sat Mar 31, 2018 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: Car totalled, not-at-fault - use my insurance or theirs? What leverage do I have for negotiating?
Replies: 35
Views: 3254

Re: Car totalled, not-at-fault - use my insurance or theirs? What leverage do I have for negotiating?

Your insurance company is supposed to get in touch with the other company and if it is not your fault, to see it though to the final settlement. If you go through their company they will likely play every trick in the book, including things that are dishonest and not ethical, but probably legal... i...
by CedarWaxWing
Sat Mar 31, 2018 2:51 pm
Forum: Investing - Theory, News & General
Topic: In what ways could BogleHeads be badly wrong ?
Replies: 244
Views: 22677

Re: In what ways could BogleHeads be badly wrong ?

[quote="White Coat Investor" # 5 Future stock returns may be 3% while real estate (buying local properties) provides 10%+ returns That's about all I could think of. I worry most about # 1 and # 5 as those seem most likely to me. [/quote] 5. ... And that renters will take great care of the place and ...
by CedarWaxWing
Fri Mar 30, 2018 11:13 pm
Forum: Personal Finance (Not Investing)
Topic: medical practice reimbursement issues
Replies: 35
Views: 2468

Re: medical practice reimbursement issues

One thing that I think has not been mentioned. This practice should have a complete financial audit to determine what is wrong with billings, collections, payments, and record keeping. Bad management and or poor billing and collections practices can also be a set up for someone in the office embezzl...
by CedarWaxWing
Thu Mar 29, 2018 10:49 pm
Forum: Investing - Theory, News & General
Topic: Simple-minded inspection of actual low-vol fund
Replies: 16
Views: 1171

Re: Simple-minded inspection of actual low-vol fund

YACKX is portfolio 3. Portfolio Returns Portfolio Initial Balance Final Balance CAGR Stdev Best Year Worst Year Max. Drawdown Sharpe Ratio Sortino Ratio US Mkt Correlation Portfolio 1 $10,000 $23,595 7.93% 12.16% 22.41% -30.34% -43.36% 0.63 0.87 0.88 Portfolio 2 $10,000 $23,121 7.73% 12.18% 26.96% -...
by CedarWaxWing
Thu Mar 29, 2018 4:17 pm
Forum: Investing - Theory, News & General
Topic: What is the endgame for Millennials?
Replies: 128
Views: 8926

Re: What is the endgame for Millennials?

As a millenial (28 years old), with many millenial friends and acquaintances, there is no end game. Retirement couldn’t be further off the radar for 90-95% of my generation. There are some factors, which the article details, that certainly make it hard for many millenials to save (student loans, us...
by CedarWaxWing
Wed Mar 28, 2018 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: Cosign college loan for sibling?
Replies: 87
Views: 3796

Re: Cosign college loan for sibling?

- absolutely not unless you can gift it as cash - tell your brother to establish residency in the state where he is attending school immediately - if he has to take a year off because he cant swing the finances, then so be it but he must stay and work in that state to maintain residency - begin cla...
by CedarWaxWing
Wed Mar 28, 2018 6:20 pm
Forum: Investing - Theory, News & General
Topic: Muni Money Market funds starting to look good!
Replies: 111
Views: 18964

Re: Muni Money Market funds starting to look good!

sec yield? https://personal.vanguard.com/us/JSP/Fu ... =INT#tab=0

Any reason to think that will not fluctuate much?

thanks

M
by CedarWaxWing
Wed Mar 28, 2018 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: How Do You Value Your Home for Net Worth Purposes?
Replies: 150
Views: 9014

Re: How Do You Value Your Home for Net Worth Purposes?

I have it on a spreadsheet just to be "complete" in a sense, as I also have some rentals that I do count. The house is untouchable unless we end up in a long term care situation. Up until then, the value of it is related to its being a place that I can be away from the rest of the world and run my l...
by CedarWaxWing
Wed Mar 28, 2018 6:06 pm
Forum: Investing - Theory, News & General
Topic: Muni Money Market funds starting to look good!
Replies: 111
Views: 18964

Re: Muni Money Market funds starting to look good!

So the thread about the Prime Money Market fund made me take a quick look at the rates on some of the Municipal Money market funds and they are looking really good (for people in high tax brackets)! As of right now here are yields : Vanguard Municipal Money Market Fund (VMSXX) - 1.20% Vanguard New ...
by CedarWaxWing
Wed Mar 28, 2018 5:54 pm
Forum: Investing - Help with Personal Investments
Topic: Max-funding an Index Universal Life policy to the IRS limit??
Replies: 102
Views: 4940

Re: Max-funding an Index Universal Life policy to the IRS limit??

I don't know if this will help, but when I was to meet with my salesman to sign the paperwork and put down my money, after having come to Bogleheads like you have, I called the salesman and said "My gut tells me not to do this. I'm no longer going to go forward". His response was "Did someone tell ...
by CedarWaxWing
Wed Mar 28, 2018 5:32 pm
Forum: Investing - Help with Personal Investments
Topic: Max-funding an Index Universal Life policy to the IRS limit??
Replies: 102
Views: 4940

Re: Max-funding an Index Universal Life policy to the IRS limit??

... am risk averse... Although I don't think this is hugely important, it is a detail that every insurance buyer should consider, especially if you consider yourself "risk averse." The state guaranty associations are what protects you if an insurance company fails. And they do fail: according to NO...
by CedarWaxWing
Wed Mar 28, 2018 1:22 am
Forum: Personal Finance (Not Investing)
Topic: Another Whole Life Question
Replies: 23
Views: 1812

Re: Another Whole Life Question

There's no one with endurance like the man who sells insurance.

An old song from about 1935 that my MIL taught us.

:)

https://www.youtube.com/watch?v=6cxyOI9BkLM
by CedarWaxWing
Wed Mar 28, 2018 12:37 am
Forum: Investing - Help with Personal Investments
Topic: Max-funding an Index Universal Life policy to the IRS limit??
Replies: 102
Views: 4940

Re: Max-funding an Index Universal Life policy to the IRS limit??

I recommend White Coat Investor on permanent life products here: https://www.whitecoatinvestor.com/12-questions-to-ask-before-purchasing-whole-life-insurance/ #1 is the key - Do you need a permanent death benefit? If not, there are better ways to meet your goals. Also, make sure you scroll down to ...
by CedarWaxWing
Tue Mar 27, 2018 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 617
Views: 64102

Re: Picking College and College Scholarships

GCD wrote:
Fri Mar 16, 2018 10:41 am
And I would urge people not to be offended by nerd, dork, etc. As I understand it there is an emerging "nerd culture" and I'm sure many people on this board think of themselves as nerds. I know I mean no offense at using the term. I hope none is taken.
I thought those terms were compliments!

M
by CedarWaxWing
Tue Mar 27, 2018 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Kiplingers Retirement Report
Replies: 17
Views: 3322

Re: Kiplingers Retirement Report

Over many years as I was just beginning to make a decent income I was reading many financial periodicals. None of them changed my financial life to any real extent, unlike the books I read. In regards to the books. I read, many were bad ones, fraudulently bad in fact.. .but they really smelled of a ...
by CedarWaxWing
Mon Mar 26, 2018 1:55 am
Forum: Personal Finance (Not Investing)
Topic: Hire an accountant?
Replies: 14
Views: 820

Re: Hire an accountant?

I have a cpa... but my spouse and I each had our own incomes ,she with her own business, I with a group of folks who own our own business. I also have rentals, with years of repairs, roofs, etc.. all with a separate depreciation schedule. Then the MF accounts, 401 K, t iras, roth conversions happeni...
by CedarWaxWing
Sun Mar 25, 2018 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Merrill Edge sold my ETFs without my consent, SEC, FINRA, CFPB?
Replies: 89
Views: 8110

Re: Merrill Edge sold my ETFs without my consent, SEC, FINRA, CFPB?

tmcc wrote:
Sun Mar 25, 2018 12:29 pm
MS sounds like a lot of work only to pick up nickels
1+
by CedarWaxWing
Sat Mar 24, 2018 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: Whole Life Policy - Cash in or not?
Replies: 19
Views: 1431

Re: Whole Life Policy - Cash in or not?

It may be prudent to consider getting the policy evaluated (as I did) by James Hunt. http://www.evaluatelifeinsurance.org/ Modest cost, helps to elucidate if the policy is really delivering what they say it is. After that is determined it is easier to make a rational decision. I bought life insuranc...
by CedarWaxWing
Sat Mar 24, 2018 8:59 pm
Forum: Personal Consumer Issues
Topic: Tax bill for an account I don’t know by the IRS every year
Replies: 21
Views: 3029

Re: Tax bill for an account I don’t know by the IRS every year

I would consider it likely that either SB or the IRS has had an error in their records. One of them is not doing their job properly. Having done what you can, I would also consider writing a letter to both the IRS and SB, noting the names and numbers of the people at SB that you have tried to resolv...
by CedarWaxWing
Sat Mar 24, 2018 3:17 am
Forum: Personal Finance (Not Investing)
Topic: Talk some sense/cents into me- new car purchase
Replies: 44
Views: 3019

Re: Talk some sense/cents into me- new car purchase

Good combos: New dog, old car.
Old dog, new car.

Risky combo: New dog, new car.

M.
by CedarWaxWing
Fri Mar 23, 2018 9:24 pm
Forum: Investing - Help with Personal Investments
Topic: Kaiser doctors, get in here :)
Replies: 4
Views: 1797

Re: Kaiser doctors, get in here :)

My spouse maxed her 401k plan and profit sharing plan. Also had t IRA from home funds. Did not work full time.... but the 401s were fidelity funds, somewhat balanced basically. She quit there after about 12 years, then did locums... when she reached the right age, K offered a choice of various lifet...
by CedarWaxWing
Fri Mar 23, 2018 12:12 am
Forum: Personal Finance (Not Investing)
Topic: Losing friends/family when wealthy
Replies: 118
Views: 10201

Re: Losing friends/family when wealthy

Extend yourself to the friends you value... Initiate a social get together... Victoria was right on track.

M
by CedarWaxWing
Tue Mar 20, 2018 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: conversation about finances/spending with significant other?
Replies: 33
Views: 2653

Re: conversation about finances/spending with significant other?

Men and women tend to have different misconceptions about each other... I am told. A woman marries a man thinking she can change him, and smooth out the rough spots. A man marries a woman thinking she will stay the same. You can have "the talk" and maybe should if you think he is worth it... but you...
by CedarWaxWing
Sun Mar 18, 2018 12:56 am
Forum: Personal Consumer Issues
Topic: Which Day Hiking Trails Do You Recommend?
Replies: 44
Views: 3225

Re: Which Day Hiking Trails Do You Recommend?

johan_s wrote:
Fri Mar 16, 2018 3:42 am
A visitor to Yosemite once asked an old ranger, “What should I do if I only have one day to hike here in Yosemite?”
Ranger responds, “Weep.”

https://www.yosemitehikes.com/ is likely the best hiking website for Yosemite. (Disclosure: by a friend of mine.)

M
by CedarWaxWing
Sat Mar 17, 2018 11:59 pm
Forum: Personal Consumer Issues
Topic: Time/money trade-offs with work and life balance
Replies: 46
Views: 3567

Re: Time/money trade-offs with work and life balance

Only you know what your needs are, and how to prioritize them.

But still, I have yet to know a person on his/her last weeks or days of life who said he/she had spent more time at the the office rather than with their friends and family doing things other than a "job".

M