Search found 286 matches

by LarryG
Thu May 17, 2018 2:31 pm
Forum: Personal Consumer Issues
Topic: how do you tip on wine at a restaurant
Replies: 185
Views: 9755

Re: how do you tip on wine at a restaurant

Ever since my grandaughter worked as a server in high school and presently in college, I have increased tips. Whether we have a drink before dinner, or wine or beer with dinner, I tip the same I round up a dollar or two above 20%. I usually tip more for breakfast because the work s the same, but cha...
by LarryG
Tue May 15, 2018 5:46 pm
Forum: Local Chapters and Bogleheads Community
Topic: Yes, I'm 89 all right! [Jack Bogle]
Replies: 126
Views: 9013

Re: Yes, I'm 89 all right! [Jack Bogle]

Happy Birthday!
I’m 2 years younger and will pass on two quotes
Bette Davis , "Old age ain't no place for sissies!"
Senator Claude Pepper when he was being “pitched” for a long term investment “Long term! I don’t even buy green bananas”

Enjoy
Larry Gottlieb
by LarryG
Sat Mar 10, 2018 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard’s online RMD tool updated to facilitate QCDs
Replies: 21
Views: 1469

Re: Vanguard’s online RMD tool updated to facilitate QCDs

When I read this thread I decided to try a withdrawal from my RMD and designate a charity. I used one of our charities to which we send a small contribution. The system works well and Vanguard indicated that a check will be sent within 2 days. We plan to use this for the 20 charities that we support...
by LarryG
Sat Feb 24, 2018 10:53 am
Forum: Personal Finance (Not Investing)
Topic: What is the most efficient method of taking RMDs from my IRA
Replies: 9
Views: 1220

Re: What is the most efficient method of taking RMDs from my IRA

In late November-early December, I have my entire federal and state income tax withheld from the fund(s) that returns my asset allocation to the desired ratio. I then withdraw any excess from fund(s) that adjusts for asset allocation. I have been following this method for several years and it is sim...
by LarryG
Tue Feb 20, 2018 10:52 am
Forum: Personal Consumer Issues
Topic: Sams Club vs Costco
Replies: 78
Views: 6505

Re: Sams Club vs Costco

We are members of both, but we drive past Sam’s each time we go to Costco. A few weeks age Sam’s closed . They do offer a refund on the amount of membership remaining.
LarryG
by LarryG
Wed Dec 20, 2017 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Stamp inheritance
Replies: 30
Views: 3082

Re: Stamp inheritance

First thing is to get the stamp albums out of the attic and in a dry area. Place the albums upright, not on side. If there are any mint (not used) stamps, moisture will cause problems. If the stamps are US, it would be relatively easy to get some idea of the value. I have had people send a few photo...
by LarryG
Sun Oct 29, 2017 9:41 am
Forum: Investing - Help with Personal Investments
Topic: Anyone use individual Bonds instead of Bond Funds in retirement fund?
Replies: 18
Views: 1793

Re: Anyone use individual Bonds instead of Bond Funds in retirement fund?

In the past, when interest rates were higher, I held a ladder of treasuries in my IRA. The treasuries were purchased through Vanguard’s bond desk at no commission and held to maturity. The process of purchasing bonds is simple. A five year ladder of treasuries was described by Annette Thau in her bo...
by LarryG
Fri Sep 15, 2017 9:51 am
Forum: Personal Finance (Not Investing)
Topic: "Get Ready! Medicare Will Mail New Cards to 60 Million People"
Replies: 5
Views: 1090

Re: "Get Ready! Medicare Will Mail New Cards to 60 Million People"

I hope that they will use new numbers. The present ID numbers are the social security number with a letter at the end. This is an invitation for identity theft. Another problem is that the current cards are paper and easily fray.
Aside from this, I love my Medicare.
LarryG
by LarryG
Wed Sep 13, 2017 2:31 pm
Forum: Personal Consumer Issues
Topic: Hearing aid 101
Replies: 95
Views: 10500

Re: Hearing aid 101

A number of years ago I purchased an expensive hearing aid from the audiologist in the ENT clinic. I never was sure that I was able to hear better and didn't wear it very often. Two years ago I was tested at Costco and was assured that I really did have significant hearing loss. I was fitted for beh...
by LarryG
Sun Aug 20, 2017 11:18 am
Forum: Investing - Theory, News & General
Topic: I own no international stocks. Can you guess why?
Replies: 167
Views: 17904

Re: I own no international stocks. Can you guess why?

Taylor, I find it interesting that you have changed your thoughts about the need to hold international funds. I recall our conversations about this several years ago. A few reasons may be: 1. The 5 year return for VTSAX is 14.54% compared to 7.68% for VTIAX. 2. The expense ratio for VTSAX is .04%, V...
by LarryG
Sat Aug 19, 2017 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: RMD taxation taken in December
Replies: 12
Views: 1427

Re: RMD taxation taken in December

I determine how much my withholding should be and then withdraw that amount (from IRA) and indicate 100% be withheld. I do this for both federal and state. This is done in December for the entire year. Any income still remaining in IRA, required to be distributed to meet RMD, is transferred to taxab...
by LarryG
Thu Feb 23, 2017 6:38 pm
Forum: Investing - Theory, News & General
Topic: TRF vs. Three-fund Portfolio
Replies: 6
Views: 909

Re: TRF vs. Three-fund Portfolio

I wasn't happy with the international stock and bond allocations in the Target Retirement Fund, so I switched to Total Stock Market Index Fund and Total Bond Market Index Fund. I rebalance by withdrawing from appropriate fund.
That's just me.
Larry
by LarryG
Thu Feb 23, 2017 4:41 pm
Forum: Investing - Theory, News & General
Topic: Retiree Accumulation/Withdrawal Phase -- How many funds do you have? Allocation? Withdrawal strategy?
Replies: 90
Views: 9549

Re: Retiree Accumulation/Withdrawal Phase -- How many funds do you have? Allocation? Withdrawal strategy?

Sandtrap The RMD is a percentage of the value of the IRA at the end of the previous year. At age 86 I had to withdraw 7.1% of my IRA. At age 71 the amount was 3.7%, at age 100 it will be 15.9% The government wants to be sure that it gets it's share! My average withdrawal has been 5.2% since 1999. I ...
by LarryG
Thu Feb 23, 2017 12:07 pm
Forum: Investing - Theory, News & General
Topic: Retiree Accumulation/Withdrawal Phase -- How many funds do you have? Allocation? Withdrawal strategy?
Replies: 90
Views: 9549

Re: Retiree Accumulation/Withdrawal Phase -- How many funds do you have? Allocation? Withdrawal strategy?

Age 86, retired 17 years. Two funds, 65% Total Bond Market Index Fund, 35% Total Stock Market Index Fund. Both funds in IRA which is over 95% of portfolio. The 5% not in IRA is in Roth and taxable is invested in Midcap Index Fund and I bonds Withdrawal strategy- Amount determined by RMD. Withdraw fr...
by LarryG
Thu Sep 29, 2016 3:43 pm
Forum: Investing - Theory, News & General
Topic: why not just buy BRK
Replies: 91
Views: 10149

Re: why not just buy BRK

In 1985 a friend loaned me a copy of "The Money Masters" by John Train. One of the "masters" was Warren Buffett. I was impressed that his company, Berkshire Hathaway, had many of the advantages of a mutual fund with none of the disadvantages. I invested some of my pension plan in the stock selling f...
by LarryG
Sat Apr 02, 2016 12:12 pm
Forum: Investing - Help with Personal Investments
Topic: Targetl retirement index or total bond and total stock
Replies: 1
Views: 437

Targetl retirement index or total bond and total stock

At age 85 and looking at simplification, a few years ago, I transferred my holdings to Vanguard Target Retirement Index Fund in my IRA. I am not fond of the international stock and bond holdings in that fund and am considering a change to 70% Total Bond Market Index Fund and 30% Total Stock Market I...
by LarryG
Mon Dec 21, 2015 10:32 pm
Forum: Personal Finance (Not Investing)
Topic: Are you Financially Literate?
Replies: 33
Views: 3690

Re: Are you Financially Literate?

If my income doubles, the amount that I pay in tax increases at a higher rate leaving less to buy at double the price.
I won't make a political remark!
LarryG
by LarryG
Sun Jul 19, 2015 2:19 pm
Forum: Investing - Help with Personal Investments
Topic: Three-fund portfolio for retirees?
Replies: 10
Views: 2057

Re: Three-fund portfolio for retirees?

My wife and I are happy (not completely healthy) 80+ year olds living on SS plus RMDs from my IRA. A number of years ago I considered dividends and interest to be important in my approach to funds. Discussions with Taylor convinced me that total return was a better way to look at the fund returns. A...
by LarryG
Sun Jul 19, 2015 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: A retiree's personal experience...
Replies: 39
Views: 9283

Re: A retiree's personal experience...

I retired 12/31/1998. My withdrawal rate from a 50%/50% portfolio (at start) has averaged 4.9%. The value of the portfolio is 4.1% higher than the date of retirement.
LarryG
by LarryG
Fri Jul 10, 2015 9:50 am
Forum: Investing - Theory, News & General
Topic: John Bogle vs. the Bogleheads
Replies: 49
Views: 5027

Re: John Bogle vs. the Bogleheads

Every time I read the phrase "There are many roads to Dublin" (usually quoted by Taylor) I chuckle as I recall our trip to Ireland. After we landed, I drove off in a rented car. I rapidly learned that, yes, there are many roads to Dublin, but the road signs were all in Gaelic. Pleasant memories. Lar...
by LarryG
Wed Apr 15, 2015 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Do you wish you retired earlier?
Replies: 28
Views: 4706

Re: Do you wish you retired earlier?

No. Retired at age 68. Enjoyed my work.
LarryG
by LarryG
Tue Apr 14, 2015 3:36 pm
Forum: Investing - Theory, News & General
Topic: Roth IRA for Teeneagers
Replies: 24
Views: 3236

Re: Roth IRA for Teeneagers

I opened a Roth IRA with my granddaughter (19) and grandson (16) They signed a "contract" that stated they would contribute 10% of earnings and I would match it for 5 years. They also would read Jack Bogle's book on mutual funds and also Bill Bernstein's book for millenials. It was a kick to have th...
by LarryG
Sat Mar 21, 2015 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Timing for taking RMDs
Replies: 18
Views: 2498

Re: Timing for taking RMDs

We use the withdrawals for living expenses. When the balance in our taxable money market account gets down to 4 months of expenses, I transfer about 1/4 of the RMD to that account. I have both federal and state tax withheld in December.
Simple.
LarryG
by LarryG
Tue Feb 03, 2015 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Do retired Bogleheads have rising net assets?
Replies: 42
Views: 6488

Re: Do retired Bogleheads have rising net assets?

I retired 12/31/1998 and began taking RMDs 2 years later. My withdrawal rate has varied between 4.3% and 6.5% with higher percentages in recent years as a result of higher RMDs. The average withdrawal over 16 years is 5% The value of my IRA is now 4.1% more than the day I retired. In addition I have...
by LarryG
Sat Dec 27, 2014 11:29 am
Forum: Investing - Help with Personal Investments
Topic: Roth or Not
Replies: 8
Views: 1757

Re: Roth or Not

Rkhusky,
I believe that a contribution can be made if filing jointly with a sp0ouse who has earned income.
LarryG
by LarryG
Fri Dec 26, 2014 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: Roth or Not
Replies: 8
Views: 1757

Re: Roth or Not

Thank you Livesoft. The money for the Roth would come from selling the fund in the taxable account, paying capital gain tax on that withdrawal. The CGT would be 15%. If the fund remained in the taxable account until retirement the CGT could be 0% or 15%. Unless I am making a wrong assumption, holdin...
by LarryG
Thu Dec 25, 2014 10:20 am
Forum: Investing - Help with Personal Investments
Topic: Roth or Not
Replies: 8
Views: 1757

Roth or Not

Is there an advantage to sell a fund in a taxable account (Vanguard Total Stock Market Fund), pay capital gains tax and then purchase the same fund in a Roth IRA? The fund will be held for at least ten years.
Thank you
LarryG
by LarryG
Tue Dec 16, 2014 8:39 am
Forum: Personal Finance (Not Investing)
Topic: Paying Estimated Taxes, Due Date, Paying Monthly/Online?
Replies: 17
Views: 2480

Re: Paying Estimated Taxes, Due Date, Paying Monthly/Online?

I am in the RMD phase of my life. Using either estimated tax or the previous years tax, I have the entire amount withheld in December. No more quarterly payments.
LarryG
by LarryG
Sun Dec 14, 2014 6:53 pm
Forum: Investing - Theory, News & General
Topic: Retirees: Withdrawals by time and amount
Replies: 36
Views: 4434

Re: Retirees: Withdrawals by time and amount

Louis C The IRS and Wisconsin consider a single withholding to be made over the year. I don't know the wording for this. This information was on this forum several years ago and I heard it repeated in a talk given by a CPA. I have done this and have not been challenged. Much more convenient than qua...
by LarryG
Sun Dec 14, 2014 6:37 pm
Forum: Investing - Theory, News & General
Topic: 3-funds, annual rebalancing, and then what??
Replies: 17
Views: 1643

Re: 3-funds, annual rebalancing, and then what??

You do whatever suits you. I have had a 3-5 fund p0ortfolio for years and for the past 2 years have had a one fund portfolio.
I read this and other sites several times a day and enjoy it. I also read publications.
Does that mean that I must make any changes? No.
LarryG
by LarryG
Sun Dec 14, 2014 8:51 am
Forum: Investing - Theory, News & General
Topic: Retirees: Withdrawals by time and amount
Replies: 36
Views: 4434

Re: Retirees: Withdrawals by time and amount

We withdraw (from IRA) approximately quarterly. The withdrawal is transferred to our taxable money market which is used for living expenses. I use the balance in that money market to determine when to make the transfer and like to keep at least 4 months of living expenses as the trigger. In December...
by LarryG
Mon Dec 08, 2014 6:51 pm
Forum: Investing - Theory, News & General
Topic: Withholding of Taxes on MRDs
Replies: 8
Views: 998

Re: Withholding of Taxes on MRDs

Not only will Vanguard withhold tax, but you can wait until December and have your entire year's withholding done. This eliminates quarterly payments and the need to withhold smaller amounts from each distribution. Wisconsin tax can be withheld in the same way. I request the amount owed and show 100...
by LarryG
Sat Nov 22, 2014 11:24 am
Forum: Investing - Theory, News & General
Topic: Diversification among Bonds?
Replies: 32
Views: 4899

Re: Diversification among Bonds?

Years ago when interest rates were higher, I followed Annette Thau's plan of using a five year ladder of Treasuries. She described this as a "do it yourself" fund. When rates dropped, I switched to Total Bond Market Index Fund.
LarryG
by LarryG
Sat Nov 22, 2014 11:15 am
Forum: Investing - Theory, News & General
Topic: What percent "Boglehead" are you?
Replies: 125
Views: 13429

Re: What percent "Boglehead" are you?

I am 100% , actually 99% if you consider I bonds not index. Since I retired in 1998, my entire portfolio has been in index funds.
It works.
LarryG
by LarryG
Sun Nov 02, 2014 3:12 pm
Forum: Investing - Help with Personal Investments
Topic: How to make withdrawals during retirement
Replies: 28
Views: 2901

Re: How to make withdrawals during retirement

Livesoft.
I have reread your post several times. I would love to "withdraw at the market high for the year".
Please tell me a day or two before the high will be.
Thank you
LarryG
by LarryG
Fri Sep 12, 2014 11:37 am
Forum: Investing - Theory, News & General
Topic: "5 Simple Steps to the Perfect Portfolio"
Replies: 2
Views: 1132

Re: "5 Simple Steps to the Perfect Portfolio"

Taylor, The three funds, A U.S. total stock market index fund, An international total stock market index fund, and A U.S. total bond market index fund are the funds that William Bernstein advises Millennials to use in his book "If You Can How Millennials Can Get Rich Slowly" I have advised my grandc...
by LarryG
Fri Sep 05, 2014 12:06 pm
Forum: Local Chapters and Bogleheads Community
Topic: How old are you?
Replies: 82
Views: 11903

Re: How old are you?

Too late to vote, but am 83. Younger than Taylor, but older than Mel.
LarryG
by LarryG
Thu Sep 04, 2014 3:05 pm
Forum: Investing - Theory, News & General
Topic: POLL: What was the first stock you ever bought?
Replies: 74
Views: 5079

Re: POLL: What was the first stock you ever bought?

When I was a senior at the U. of Michigan, in 1951, I won money at an illegal, Toledo gambling joint. Along with a present for my mother, a new cord suit, and a new baseball glove, I purchased 100 shares in two companies in a new industry. Television Equipment Corporation and Trad Television Corpora...
by LarryG
Fri Aug 29, 2014 9:13 am
Forum: Investing - Help with Personal Investments
Topic: [Sell off individual stocks?] How many own zero/few stocks?
Replies: 68
Views: 4728

Re: Poll: How many own zero/few stocks?

Years ago I owned numerous individual stocks. I then "saw the light" and moved to mutual funds. The light then got brighter and I went to index funds. I have held index funds for about 15 years.
LarryG
by LarryG
Mon Aug 25, 2014 5:54 pm
Forum: Personal Consumer Issues
Topic: Experiences with concrete lifting
Replies: 9
Views: 1357

Re: Experiences with concrete lifting

We had mud jacking about 19 years ago. This solved the "sinking" problem. Eventually some of the slabs (not ones that were jacked) deteriorated so we had a replacement last year. The mud jacking worked until then.
I would recommend the mud jacking technique.
LarryG
by LarryG
Fri Aug 22, 2014 8:54 am
Forum: Personal Consumer Issues
Topic: Do you tip on the tax? [Restaurants]
Replies: 124
Views: 9105

Re: Do you tip on the tax?

I tip on total. We try to tip cash instead of on credit card and almost always more than 20%. When I eat a "cheap" meal like breakfast, I tip 30-40%. The work for breakfast usually is as difficult as for an expensive meal.
LarryG
by LarryG
Sun Aug 17, 2014 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: What was Underestimated\Overestimated in Retirement
Replies: 48
Views: 6957

Re: What was Underestimated\Overestimated in Retirement

I underestimated the amount of income I would have because of RMD from a very successful portfolio.
LarryG
by LarryG
Sat Aug 16, 2014 10:05 am
Forum: Personal Consumer Issues
Topic: The Funniest Movie Ever
Replies: 227
Views: 22298

Re: The Funniest Movie Ever

Fatso with Dom deluise, Ann Bancroft, and Ron Carey.
LarryG
by LarryG
Fri Aug 08, 2014 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: Who or what inspired you and your investing approach?
Replies: 93
Views: 7197

Re: Who or what inspired you and your investing approach?

A good friend would discuss many aspects of investing. Any time a salesman for a tax shelter would give us a pitch in the surgery lounge, he would say "figure it out". I would then sit down with my slide rule and run the figures-and then say no. After years of playing the "buy the last year's best f...
by LarryG
Wed Aug 06, 2014 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: December RMD Withdrawal Timing Question
Replies: 35
Views: 2754

Re: December RMD Withdrawal Timing Question

The discussion of the timing of RMD withdrawals does not address one benefit of the system. You can withhold your entire federal and state (in some states) income tax payment from your December RMD distribution. No quarterly payments are necessary. No monthly withholding is necessary. Either estimat...
by LarryG
Fri Jul 25, 2014 1:20 pm
Forum: Investing - Help with Personal Investments
Topic: Need advice choosing fund for college expenses (not 529)
Replies: 15
Views: 1447

Re: Need advice choosing fund for college expenses (not 529)

You might consider using I bonds purchased by you and your spouse (to maximize the allowable amount) This can be part of the bond portion and will provide the tax free benefit if used for college expenses.
LarryG
by LarryG
Tue Jul 22, 2014 9:35 am
Forum: Local Chapters and Bogleheads Community
Topic: Wisconsin - Madison Meetings - Master Thread
Replies: 121
Views: 31684

Re: Wisconsin - Madison Meetings - Master Thread

It was enjoyable meeting and hearing other Bogleheads I think that the "doodle" method of determining the next meeting site would be good. One idea for reaching out to others that may be interested is to ask the organizers of the local group of the AAII meetings to announce our next meeting. Word of...
by LarryG
Sun Jul 20, 2014 9:09 pm
Forum: Investing - Help with Personal Investments
Topic: how often do you look at your account
Replies: 70
Views: 5285

Re: how often do you look at your account

Every day-except Saturday and Sunday
LarryG
by LarryG
Sat Jul 19, 2014 9:42 am
Forum: Investing - Help with Personal Investments
Topic: How exactly does Vanguard's RMD service work? Rebalancing?
Replies: 57
Views: 8572

Re: How exactly does Vanguard's RMD service work? Rebalancin

I have not used the automatic withdrawal system. When I had 3 or 4 funds in my IRA, I would request the amount of RMD that I wished to withdraw about 4 times each year. The amount of federal and state tax withholding was specified from the balance in December. I used the withdrawal to rebalance my a...