Search found 267 matches

by Good Listener
Sat May 27, 2017 3:34 pm
Forum: Investing - Theory, News & General
Topic: Why are capital gains taxed lower than div/interest?
Replies: 20
Views: 1033

Re: Why are capital gains taxed lower than div/interest?

Why are one or two people politicizing this and risking having the thread shut down. The reason for the preferential rate is because one takes risk investing in a stock, far more than a bond and infinitely more than a treasury security or FDIC insured bank account. So the person gets compensated for...
by Good Listener
Sat May 27, 2017 11:28 am
Forum: Personal Finance (Not Investing)
Topic: The joy of Saving!
Replies: 7
Views: 1039

Re: The joy of Saving!

I'm not quite sure you'd have access to a safe in a bank if a bad power shortage occurs.. if you mean a home safe, that's different. You can also just hide it somewhere in the house.
by Good Listener
Fri May 26, 2017 7:31 pm
Forum: Personal Consumer Issues
Topic: Things to do in NYC with a 14 month tomorrow?
Replies: 12
Views: 922

Re: Things to do in NYC with a 14 month tomorrow?

Just be very careful and keep your eyes open and head low !!
by Good Listener
Mon May 22, 2017 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: Net worth is overrated
Replies: 76
Views: 8825

Re: Net worth is overrated

With all due respect, I do not know what prompted you to send this but I assume something involving yourself. I defy you to show me how somebody with 10 million dollars net worth can be in a worse position than somebody with nothing.
by Good Listener
Sat May 20, 2017 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: One time chance to reselect Defined Benefits or Defined Contribution
Replies: 33
Views: 2323

Re: One time chance to reselect Defined Benefits or Defined Contribution

Easy for me. If there have been problems and underfunding possibilities, I would go defined contribution. Better to know it's your money than rely on something you may never get.
by Good Listener
Wed May 10, 2017 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: Average lot size
Replies: 7
Views: 838

Re: Average lot size

I would invest quarterly at the most and not reinvest.
by Good Listener
Tue May 09, 2017 12:33 pm
Forum: Personal Consumer Issues
Topic: What newspaper or magazine do you pay for?
Replies: 107
Views: 4246

Re: What newspaper or magazine do you pay for?

I have dropped my NY Times subscription after over 40 years as I found the reporting became biased. I used to get Kiplingers. I noticed that it too was getting too political for me so I have not renewed. So now I have no subscriptions and do not miss them.
by Good Listener
Sat May 06, 2017 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Wife getting PhD, how to fund? (student vs 401k loan vs home equity, etc)
Replies: 50
Views: 3085

Re: Wife getting PhD, how to fund? (student vs 401k loan vs home equity, etc)

OP, why are you asking aboit her investing time and energy into the program and then saying that she is going to stop working?
by Good Listener
Fri May 05, 2017 5:40 pm
Forum: Investing - Theory, News & General
Topic: "Wondering how to convert to Admiral Shares?"
Replies: 20
Views: 2263

Re: "Wondering how to convert to Admiral Shares?"

The Admiral Shares often have different prices than the investor shares. When one does a conversion, does anybody know if the computer recalculates the number of shares and price for each individual lot you bought in the past or just one bulk conversion? I'm thinking about tax basis and ease of thi...
by Good Listener
Fri May 05, 2017 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Enhanced Security for your my Social Security Account
Replies: 8
Views: 1984

Re: Enhanced Security for your my Social Security Account

I got it too. I did a search with Google and it probably is legit but I didn't click on the link.
Question, I have to log on in August to sign up for Medicare. I have avoided signing on the last year because they kept making me change passwords every 6 months. Is that still the case?
by Good Listener
Fri May 05, 2017 1:42 pm
Forum: Investing - Theory, News & General
Topic: "Wondering how to convert to Admiral Shares?"
Replies: 20
Views: 2263

Re: "Wondering how to convert to Admiral Shares?"

The Admiral Shares often have different prices than the investor shares. When one does a conversion, does anybody know if the computer recalculates the number of shares and price for each individual lot you bought in the past or just one bulk conversion? I'm thinking about tax basis and ease of thin...
by Good Listener
Tue May 02, 2017 6:55 pm
Forum: Personal Consumer Issues
Topic: Minimalist May
Replies: 21
Views: 2054

Re: Minimalist May

I am not a minimalist but I guess live like you want to try. Except for going to NY to see my 90 year oldmother twice a month and take her to a Mets game as I did last week.... I never eat out because I don't want to, I walk daily as I can't run anymore, I read like a fiend and I relax. I eat as hea...
by Good Listener
Thu Apr 27, 2017 7:18 pm
Forum: Investing - Theory, News & General
Topic: Vanguard New Lower ER .04%
Replies: 56
Views: 5636

Re: Vanguard New Lower ER .04%

They also lowered Institutional shares (5 Mm or more) to 3.5 bp.
by Good Listener
Sat Apr 22, 2017 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Looking For Advice - Move NY -> Tampa?
Replies: 53
Views: 4487

Re: Looking For Advice - Move NY -> Tampa?

You need to know that you can handle the heat and humidity from May through October every year. I know a bunch of people who tried and came back. I personally hate a hot, humid climate.
by Good Listener
Sat Apr 22, 2017 5:23 pm
Forum: Personal Consumer Issues
Topic: Time savers - life on automation
Replies: 57
Views: 7226

Re: Time savers - life on automation

Regarding your pressure cooker, I microwave oatmeal everyday. The real kind. 2 minutes at level 5. Then I have nothing to clean except the plate. And for beans, there are great prepared canned beans (I use the no salt varieties). They take no time at all and no cooker to clean either.
by Good Listener
Sat Apr 22, 2017 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Advice Responding to Layoff Notice while Working Towards Medical School
Replies: 18
Views: 1701

Re: Advice Responding to Layoff Notice while Working Towards Medical School

I think you need to move everything back a year in either case. Applying for medical school in June will not work for September. As I recall one starts applying in August and continued until maybe Decemberfor the following September.
by Good Listener
Fri Apr 21, 2017 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: job change early retirement health insurance question
Replies: 6
Views: 860

Re: job change early retirement health insurance question

That wasn't my experience. I began retiree medical at age 55 and continued it through about 7 more years of other employers while not taking their insurance. I am still on it.
by Good Listener
Sat Apr 15, 2017 2:01 pm
Forum: Personal Consumer Issues
Topic: Anyone else decided not to finish med school?
Replies: 55
Views: 6130

Re: Anyone else decided not to finish med school?

Like others said, if he doesn't want to do it, the earlier that he dropped out the better. But I'm reading the reasons he dropped out as to avoid debt and spend more time with his spouse. It is not my business to judge anybody, but to me those are horrible reasons if accurate. I also think it's gre...
by Good Listener
Fri Apr 14, 2017 6:14 pm
Forum: Personal Consumer Issues
Topic: Anyone else decided not to finish med school?
Replies: 55
Views: 6130

Re: Anyone else decided not to finish med school?

Like others said, if he doesn't want to do it, the earlier that he dropped out the better. But I'm reading the reasons he dropped out as to avoid debt and spend more time with his spouse. It is not my business to judge anybody, but to me those are horrible reasons if accurate. I also think it's grea...
by Good Listener
Fri Apr 14, 2017 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: 1099-B question (date acquired 1/1/1900)
Replies: 22
Views: 1246

Re: 1099-B question (date acquired 1/1/1900)

My understanding is that the OP won't have to send in his 1099-B if he lists each individual transaction from the 1099-B on schedule 8949. If the OP chooses to summarize a large number of individual sales transactions (that are listed on the 1099-B) and list only the subtotal on schedule 8949, then...
by Good Listener
Thu Apr 13, 2017 7:22 pm
Forum: Personal Consumer Issues
Topic: which tv and size to buy
Replies: 41
Views: 3879

Re: which tv and size to buy

Buy the best Samsung you can afford. I bought a 65 inch 4k 9000 series. I can now watch without glasses from 10 feet. Better yet, I bought an mlbtv subscription and the TV has a built in app for it. Streaming is unreal. It's worth it to spend up.
by Good Listener
Wed Apr 12, 2017 7:01 pm
Forum: Personal Consumer Issues
Topic: HMOs and Physical Therapy
Replies: 5
Views: 502

Re: HMOs and Physical Therapy

Life lesson 1. Never have an HMO. You save money in premiums and have less access.
by Good Listener
Tue Apr 11, 2017 2:39 pm
Forum: Investing - Theory, News & General
Topic: Yale Endowment Blasts Low-Fee Critics, Says Gains Would Lag
Replies: 30
Views: 3417

Re: Yale Endowment Blasts Low-Fee Critics, Says Gains Would Lag

Umm. I think the Yale managers don't have jobs if things are changed to passive. Do you actually expect them to provide any data supporting terminating their jobs?
by Good Listener
Tue Apr 11, 2017 2:35 pm
Forum: Investing - Help with Personal Investments
Topic: Help with my girlfriends retirement account
Replies: 11
Views: 1376

Re: Help with my girlfriends retirement account

It would be good for her to learn to fish rather than having you do the fishing. Somehow boyfriend's are not forever, nor are spouses necessarily?
by Good Listener
Mon Apr 10, 2017 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Advice for my divorced mother (not sure to sell/not sell house)
Replies: 32
Views: 2481

Re: Advice for my divorced mother (not sure to sell/not sell house)

This is why people should not stop working for 30 years.
by Good Listener
Sun Apr 09, 2017 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding shafting my local merchants with card fees
Replies: 49
Views: 5105

Re: Avoiding shafting my local merchants with card fees

Timely thread here. Have arranged for a small home improvement project this month with a local business. After the rep came out, surveyed what was to be done, cost of materials, etc. , she phoned back with a quote. Then, without me having to ask, she offered a discounted price if I paid in cash ins...
by Good Listener
Sun Apr 09, 2017 2:59 pm
Forum: Investing - Theory, News & General
Topic: "We're changing how we report costs. You still benefit."
Replies: 14
Views: 2489

Re: "We're changing how we report costs. You still benefit."

Tell me where I'm wrong... Who cares? This is a number that they give out for Vanguard costs on average. Nobody has every Vanguard fund so it doesn't matter. Frankly, I would like them to provide each individual with their average ER as a piece of information like personal performance, etc.
by Good Listener
Sun Apr 09, 2017 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Require Access to School Records?
Replies: 100
Views: 4308

Re: Require Access to School Records?

I'm trying to suggest something...The fact that you would even mention not only checking the grades, but conferences with teachers IN COLLEGE suggests to me that maybe to your daughter you have gone way past some line in her mind. I would never have conceived if possibly speaking to a college profes...
by Good Listener
Sat Apr 08, 2017 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: Designing Your Life
Replies: 83
Views: 9991

Re: Designing Your Life

Hmmmm. Soooo, in other words, this thread here "Designing Your LIfe" can only have actual relevance to the forum by re-directing everyone to, er, um, other threads? Still, not getting it :?: Just call me Dumb & Dumber, I guess... :wink: I wouldn't use the terms that you did for yourse...
by Good Listener
Thu Apr 06, 2017 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Taxpayer vs. Tax Preparer: Whose responsibility to identify and calculate state tax-free muni dividends?
Replies: 10
Views: 802

Re: Taxpayer vs. Tax Preparer: Whose responsibility to identify and calculate state tax-free muni dividends?

Turbotax asks the question on tax exempt interest. One still needs to know that it is 100% tax exempt for the state too for a single state fund and may not be for a national fund. I'm NJ it says that the dividends must be at least 80% from NJ or it is all taxable. But if anything over 80* NJ, it is ...
by Good Listener
Sun Apr 02, 2017 6:52 pm
Forum: Personal Consumer Issues
Topic: Advice on Long-term Health Care Insurance
Replies: 15
Views: 1572

Re: Advice on Long-term Health Care Insurance

DON'T. These insurers are dropping out from the market as it is a losing a game for thrm. People are living too long !! They are and will continue to be going belly up in some or maybe all cases. And they can raise the rates quite high. Invest it and take your chances in my opinion.
by Good Listener
Sun Apr 02, 2017 6:34 pm
Forum: Investing - Theory, News & General
Topic: David Swensen's Bond Portfolio
Replies: 8
Views: 1393

Re: David Swensen's Bond Portfolio

Why didn't he does five the flaws in the 2 he likes? Let's start with lower rates on treasuries that are fully federally taxable. Then let's say that TIPS are the only bonds that guarantee that you CANNOT beat inflation.
by Good Listener
Sun Apr 02, 2017 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: nursing home & medicaid
Replies: 21
Views: 1699

Re: nursing home & medicaid

I went through this with my father a few years ago. All states indeed are different. However the 5 year transfers that you describe are quite standard and were put in because too many people, millionaires included, were gaming the system. The lawyers in this category often say they will get you out ...
by Good Listener
Sat Apr 01, 2017 7:17 pm
Forum: Investing - Help with Personal Investments
Topic: Dividend Stock In Roth
Replies: 5
Views: 564

Re: Dividend Stock In Roth

I think at 3% of the protfolio, it cannot possibly make any difference unless it multiplies by 10 fold. If it gives you pleasure to do that starts fine but it doesn't matter.
by Good Listener
Sat Apr 01, 2017 7:07 pm
Forum: Investing - Help with Personal Investments
Topic: Is anyone decreasing % of bonds this year?
Replies: 91
Views: 7287

Re: Is anyone decreasing % of bonds this year?

I was channel flipping the other night and came across Suze Orman saying "no" to bonds. She's all for 100% stocks. I would consider that a contrary indicator. 25% bonds is a perfectly reasonable allocation for a couple in their 40s. I agree. Now would be a dangerous time to give up your b...
by Good Listener
Sat Apr 01, 2017 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Florida prop taxes + insurance?
Replies: 23
Views: 1563

Re: Florida prop taxes + insurance?

One more big hurricane, which will happen it's just when, and you might see insurers flee and rates become insanely high. No free lunch.
by Good Listener
Sat Apr 01, 2017 7:02 pm
Forum: Investing - Help with Personal Investments
Topic: Two comma club - thank you
Replies: 10
Views: 2382

Re: Two comma club - thank you

You want to feel even better? Seriously. Donate to a charity for people who are the most vulnerable in society, like the mentally retarded, autistic, etc. Although I have a particular interest in this, there is no better feeling. Congratulations on your milestone and share it with the less fortunate...
by Good Listener
Sat Apr 01, 2017 5:14 pm
Forum: Investing - Theory, News & General
Topic: Population Pyramids and Investing Patterns
Replies: 32
Views: 3364

Re: Population Pyramids and Investing Patterns

This is interesing data. May I suggest that you've made an awful lot of assumptions which lead to your conclusions.
by Good Listener
Thu Mar 30, 2017 6:50 pm
Forum: Personal Consumer Issues
Topic: Spring Break Trip to Disney World
Replies: 68
Views: 4574

Re: Spring Break Trip to Disney World

This is not a dollar issue. To me, this seems like a waste of time and energy. Waiting on lines for hours to go on some rides?
by Good Listener
Tue Mar 28, 2017 6:32 pm
Forum: Investing - Help with Personal Investments
Topic: Auto Insurance as a Medical Resident - Switching states
Replies: 4
Views: 469

Re: Auto Insurance as a Medical Resident - Switching states

As the father of a daughter who had this issue, here is my advice.... It is not an issue for anybody unless you have an accident or claim. Then if you have done it incorrectly you are in trouble. Call them, be honest and ask.
by Good Listener
Tue Mar 28, 2017 6:26 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Continues Scheduled Reporting of Expense Ratio Changes; Announces Reductions on 15 Fund Shares
Replies: 5
Views: 1626

Re: Vanguard Continues Scheduled Reporting of Expense Ratio Changes; Announces Reductions on 15 Fund Shares

Wow. Thanks for sharing. I cannot believe that I have a portfolio of NJ bonds managed by professionals for 9 basis points. And my portfolio of US stocks that is indexed is 5 basis points. Thank you Vanguard and Jack. And Bogleheads for having great posters!!
by Good Listener
Mon Mar 27, 2017 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: NYS medicaid Pre 65 - no asset test?
Replies: 17
Views: 1098

Re: NYS medicaid Pre 65 - no asset test?

It is true. You can be a billionaire. They base it on income. But the relative may not want Medicaid as many of the doctors he/she wants to see won't take it. In HCOL areas, nobody does. I remember helping my helpless sister on the phone when she enrolled for Obamacare the first time. Fortunately I ...
by Good Listener
Mon Mar 27, 2017 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: Federal pension beats high salary and savings rate? (fed vs contractor for employment)
Replies: 47
Views: 4387

Re: Federal pension beats high salary and savings rate? (fed vs contractor for employment)

Do not forget to consider non-financial factors. I personally would never consider working for the government in my 35-40 years working for reasons I will not go into. Others, including my best friend, would only work for the government because of the limited hours and relatively stable situation.
by Good Listener
Mon Mar 27, 2017 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating Expected Taxes Per Paycheck
Replies: 23
Views: 1720

Re: Calculating Expected Taxes Per Paycheck

FICA is not "deductible" from gross. You pay FICA and then income tax on the same money.
by Good Listener
Mon Mar 27, 2017 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Red light camera Fort Worth
Replies: 50
Views: 3240

Re: Red light camera Fort Worth

So you would rather tell them it was your sister in law? The camera doesn't know who the driver was !
by Good Listener
Sun Mar 26, 2017 4:35 pm
Forum: Investing - Theory, News & General
Topic: Christine Benz's Three Bucket System
Replies: 77
Views: 7910

Re: Christine Benz's Three Bucket System

It seems like a waste of time to even consider. Taylor's 3 fund portfolio is more than enough and if you want to add cash to it, then that's fine.

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