Search found 4497 matches

by Leesbro63
Tue Sep 27, 2016 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: Reason NOT to wait past 66 to take Social Security
Replies: 44
Views: 3572

Re: Reason NOT to wait past 66 to take Social Security

You get an 8% increase in your future benefit for every year you wait. I can't do the math offhand, but it would take a very large return...probably requiring a very large risk...to negate the guaranteed 8% increase if you live. And if you don't live, it doesn't matter to you. If it was that simple...
by Leesbro63
Tue Sep 27, 2016 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: Reason NOT to wait past 66 to take Social Security
Replies: 44
Views: 3572

Re: Reason NOT to wait past 66 to take Social Security

When figuring the years to equal payout beginning at FRA rather than at 70 for those who are not planning to spend the amount received, you also must consider the investment return on the SS received which can be very substantial. Tim You get an 8% increase in your future benefit for every year you...
by Leesbro63
Tue Sep 27, 2016 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: Reason NOT to wait past 66 to take Social Security
Replies: 44
Views: 3572

Re: Reason NOT to wait past 66 to take Social Security

joebh wrote:
Leesbro63 wrote:If you take SS at 70 and fail to reach the breakeven age, that's worse than taking it at 66 and making it way past the breakeven age.


Wouldn't it be worse to take SS at 66 and make it way past the breakeven age? You'd end up poorer.


I think we're trying to make the same point
by Leesbro63
Tue Sep 27, 2016 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Reason NOT to wait past 66 to take Social Security
Replies: 44
Views: 3572

Re: Reason NOT to wait past 66 to take Social Security

I think it was Jonathan Clements...perhaps someone else...who said it this way: The breakeven at age 82 or 83 isn't the point. If you take SS at 70 and fail to reach the breakeven age, that's worse than taking it at 66 and making it way past the breakeven age. This is not just an equation about gett...
by Leesbro63
Thu Sep 22, 2016 2:45 pm
Forum: Personal Consumer Issues
Topic: The Bogleheads' "100 Things Worth Every Penny" List
Replies: 209
Views: 19391

Re: The Bogleheads' "100 Things Worth Every Penny" List

Annual flight to my home in Asia. Watching my parents wait patiently at the airport at midnight even though they both are > 60 60 WOW! Now THAT is OLD! :o Good thing they don't need the nursing home staff to bring them to the airport! Just being sarcastic. But man that hurts...I'm close to 60. I ho...
by Leesbro63
Tue Sep 20, 2016 5:13 am
Forum: Personal Consumer Issues
Topic: The Bogleheads' "100 Things Worth Every Penny" List
Replies: 209
Views: 19391

Re: The Bogleheads' "100 Things Worth Every Penny" List

XM Satellite radio - I drive all over the country and always have my favorite music, and my hometown baseball play by play. Addicted. +1. I particularly enjoy Phash Phelps on 60s on 6. I got sick of politics, so a few years ago I replaced listening to talk radio with 60s on 6 and 70s on 7. Fabulous...
by Leesbro63
Fri Sep 16, 2016 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Medically Underwritten Immediate Annuity
Replies: 10
Views: 731

Re: Medically Underwritten Immediate Annuity

Volkdancer wrote:Yes. The link provided by scepticalobserver above clearly describes the what and why of medically underwritten immediate annuities.

Karl V


I meant did Taylor say something else in that thread that I missed?
by Leesbro63
Fri Sep 16, 2016 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Medically Underwritten Immediate Annuity
Replies: 10
Views: 731

Re: Medically Underwritten Immediate Annuity

Several years ago Taylor Larimore, who had throat cancer, commented on medically underwritten annuities . https://www.bogleheads.org/forum/viewtopic.php?t=102193 Scroll down to Taylor's post dated September 5, 2012. Lev All he said was that he was offered lower premiums. Am I missing something else?
by Leesbro63
Fri Sep 16, 2016 7:16 am
Forum: Personal Finance (Not Investing)
Topic: Medically Underwritten Immediate Annuity
Replies: 10
Views: 731

Re: Medically Underwritten Immediate Annuity

snowshoes wrote:Many annuity underwriters provider the same, precede with caution.


Can you elaborate on the "caution" warning?
by Leesbro63
Fri Sep 16, 2016 7:11 am
Forum: Personal Finance (Not Investing)
Topic: Authorized User Credit Risk?
Replies: 1
Views: 182

Authorized User Credit Risk?

I am currently an authorized user on my wife's credit card. I am wondering what would happen to my credit score if she did not pay her card or went bankrupt? It's really just a theoretical question about the risks of being an authorized user.
by Leesbro63
Fri Sep 16, 2016 7:03 am
Forum: Personal Finance (Not Investing)
Topic: Medically Underwritten Immediate Annuity
Replies: 10
Views: 731

Medically Underwritten Immediate Annuity

I just saw an article in an AARP publication about medically underwritten immediate annuities. This sounds like it could be a good product for people with chronic health conditions who wouldn't normally buy an immediate annuity for obvious reasons (a bad bet). This is the first time I've ever heard ...
by Leesbro63
Tue Aug 16, 2016 8:11 am
Forum: Investing - Theory, News & General
Topic: Advertisement for Weiss Safe Money Report?
Replies: 6
Views: 603

Re: Advertisement for Weiss Safe Money Report?

This Weiss guy has been around for years, with various newsletters on safe insurance companies etc etc. Someday one or more of the catastrophes that his newsletter is designed to help consumers avoid will happen. But my observation has been that perhaps he's outside the mainstream and generating fea...
by Leesbro63
Wed Aug 03, 2016 7:33 am
Forum: Personal Finance (Not Investing)
Topic: Question about Estate Exemption
Replies: 12
Views: 1207

Re: Question about Estate Exemption

What about this variation: H & W EACH own $5M of highly appreciated stock. Husband gets an absolutely terminal illness. Wife immediately gifts all of her stock to her husband, transfer tax free because he is her legal husband. Wife then has zero assets titled as hers. Husband passes and wife inh...
by Leesbro63
Tue Aug 02, 2016 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Question about Estate Exemption
Replies: 12
Views: 1207

Question about Estate Exemption

I am wondering how "portability" of the estate tax exemption applies to gifting. Let's say my wife and I each have $5M and I die. And I leave my $5M outright to her. Wife does not remarry. 3 years later, she decides to gift all or some of her assets to our children. Let's say $6M. Will she...
by Leesbro63
Thu Jul 21, 2016 7:56 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard PA Money Market
Replies: 2
Views: 324

Re: Vanguard PA Money Market

I disagree. It's convenient to move between my other Vanguard funds. Is this fund any less safe than before?
by Leesbro63
Thu Jul 21, 2016 4:09 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard PA Money Market
Replies: 2
Views: 324

Vanguard PA Money Market

I've gotten a few notices about money market changes. I have a chunk in the Vanguard PA Money Market (tax free). Getting near zero interest. I need the liquidity with this money for now. Should I move it to an FDIC bank account? Might the NAV fluctuate with the money market (in other words, larger t...
by Leesbro63
Tue Jul 19, 2016 4:20 pm
Forum: Personal Consumer Issues
Topic: Pet Insurance
Replies: 8
Views: 864

Re: Pet Insurance

Longdog wrote:
Having pet insurance will at least lessen consideration of the treatment costs from your decision making process. You will be able to make a decision primarily based on what you think will be best for your dog. That is why I am advocate for it, when a person has a dachshund.




This!
by Leesbro63
Tue Jul 19, 2016 9:13 am
Forum: Personal Consumer Issues
Topic: Pet Insurance
Replies: 8
Views: 864

Pet Insurance

I know this has been discussed before, but the old conversations might not reflect the current market. Currently I have a policy on our 6 year old, very healthy dachshund (see photo in my profile) with 24PetWatch. The premium went from about $500 to about $900 in one year. With a letter about how th...
by Leesbro63
Fri Jul 15, 2016 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Car Buying Dilemma
Replies: 53
Views: 4601

Re: Car Buying Dilemma

The problem with leasing at your age is the cycle. Don't do it. Is say to BUY a new Corolla or Accord (see which has the best deal) even if you have to borrow, with the eye toward paying off that debt ASAP. Your parents gave you a HUUUGE gift of "no debt mentality". Leaving will set you on...
by Leesbro63
Mon Jul 11, 2016 6:30 am
Forum: Investing - Theory, News & General
Topic: Favorite Investing / Finance Podcasts?
Replies: 15
Views: 1878

Re: Favorite Investing / Finance Podcasts?

Clark Howard and The Jim Lange Money Hour
by Leesbro63
Tue Jul 05, 2016 11:31 am
Forum: Personal Consumer Issues
Topic: Sentra or Corolla?
Replies: 40
Views: 3119

Re: Sentra or Corolla?

On our second Corolla. As someone else said, bulletproof. Unless you can get a similarly equipped Sentra for MUCH less, I'd go with the sure thing. I'd say $2,500 less. Unless you can save $2,500 on Sentra vs Corolla (assuming good negotiating on both) and plan to keep the car for a long time, I'd d...
by Leesbro63
Sun Jul 03, 2016 8:38 am
Forum: Investing - Theory, News & General
Topic: The G.I. Joe Fallacy
Replies: 29
Views: 4926

Re: The G.I. Joe Fallacy

Even Bill Bengen, the "father of the 4% rule", panic sold in 2008-9. There was an article about this at the time.
by Leesbro63
Sun Jul 03, 2016 8:31 am
Forum: Personal Consumer Issues
Topic: Cracked iPhone 6 screen
Replies: 12
Views: 1043

Re: Cracked iPhone 6 screen

Back it up then take it to an Apple Store and pay the $109 (assuming no AppleCare). Third party repairs have a history of causing problems such as bricking the phone and will invalidate any warranty you have with Apple so can be much more expensive in the long run. +1. I found this out the hard way...
by Leesbro63
Sun Jul 03, 2016 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Unfreeze Credit with Transunion?
Replies: 6
Views: 729

Re: Unfreeze Credit with Transunion?

Doesn't sound right. I've unfrozen TU a few times. Creditors were instantly able to access my credit.
by Leesbro63
Sat Jul 02, 2016 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity 2% CC or Citi double cash card?
Replies: 44
Views: 5128

Re: Fidelity 2% CC or Citi double cash card?

Sort of a "Honda vs Toyota" or "Ford vs Chevy" discussion. Essentially products that do exactly the same thing.
by Leesbro63
Sun Jun 19, 2016 9:24 am
Forum: Investing - Theory, News & General
Topic: What's the ideal safe retirement net worth target?
Replies: 162
Views: 17292

Re: What's the ideal safe retirement net worth target?

Something not discussed here are health costs. Medicare premiums are now pegged to income. And dental expenses are not covered. Our grandparents got $69 dentures...how many babyboomers will be satisfied with that when our teeth fail? I'm not saying you need $10M to retire, but just pointing out that...
by Leesbro63
Sun Jun 19, 2016 6:55 am
Forum: Personal Finance (Not Investing)
Topic: New Fidelity Visa: How to Log In?
Replies: 17
Views: 2025

Re: New Fidelity Visa: How to Log In?

When does the old card die? Mine now has a zero balance so I assume I can shred it and forget it. ???
by Leesbro63
Sat Jun 18, 2016 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: College costs - Grandparents want to pay - Need help
Replies: 18
Views: 1922

Re: College costs - Grandparents want to pay - Need help

They may (actually want to) live on-campus for first two years but the schools are in commutable distance so last two years may be at home. We want them to stay home and commute but they probably don't. I just saw this line. I wouldn't bet that they'll live on campus then return to their old bedroo...
by Leesbro63
Sat Jun 18, 2016 9:22 am
Forum: Personal Finance (Not Investing)
Topic: New Fidelity Visa: How to Log In?
Replies: 17
Views: 2025

Re: New Fidelity Visa: How to Log In?

Thanks for the last reply. Fidelityrewards.com is the answer. :D
by Leesbro63
Sat Jun 18, 2016 7:20 am
Forum: Personal Finance (Not Investing)
Topic: New Fidelity Visa: How to Log In?
Replies: 17
Views: 2025

New Fidelity Visa: How to Log In?

I got my new Elan Fidelity Visa yesterday. There doesn't appear to be a log in address. And the old log in still only shows the old account. Will the new account appear there, at some point, or am I missing something?
by Leesbro63
Tue Jun 07, 2016 7:30 pm
Forum: Personal Consumer Issues
Topic: Foundation Cracks/Carbon Fiber Straps
Replies: 10
Views: 968

Re: Foundation Cracks/Carbon Fiber Straps

The house is about 40 years old and we've been here for 25 of them. The cracking is new. It's along the mortar lines, but you can get a quarter in some places. Also, there was an addition early on and the corner where the "new" foundation meets the "old" is cracking. Not crumblin...
by Leesbro63
Tue Jun 07, 2016 7:02 pm
Forum: Personal Consumer Issues
Topic: Foundation Cracks/Carbon Fiber Straps
Replies: 10
Views: 968

Re: Foundation Cracks/Carbon Fiber Straps

Yeah there's some sort of alleged warranty and locally they check out well with the BBB. But I've been around the block long enough to know that 5 or 10 years down the road, none of what is promised today will matter.
by Leesbro63
Tue Jun 07, 2016 12:11 pm
Forum: Personal Consumer Issues
Topic: Foundation Cracks/Carbon Fiber Straps
Replies: 10
Views: 968

Foundation Cracks/Carbon Fiber Straps

I have some "stairstep" cracking along the block wall in my garage at the front of the house. This is the part that's underground...my house sits at the bottom of a hill where the front foundation is under ground and the back is level with the backyard. Today I had a "basement systems...
by Leesbro63
Mon Jun 06, 2016 10:32 am
Forum: Personal Finance (Not Investing)
Topic: [Fidelity drops AmEx, Bank of America credit cards]
Replies: 289
Views: 37114

Re: [Fidelity drops AmEx, Bank of America credit cards]

I am just now tuning into the fact that there will be two versions of the Elan Visa...a 1.5% card for those of us who had the old Visa card. 2% beyond $15,000 spend. Effectively a $75 fee. Why would this happen? Two different classes of the same card? Goofy.
by Leesbro63
Mon Jun 06, 2016 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Which Credit Card To Use
Replies: 6
Views: 1018

Re: Which Credit Card To Use

It's not clear to me what these Avios are worth to me. I do not travel internationally. I plan to use the Avios for short hop USA travel that can be booked on domestic carriers thru British Air. You'll want to sort that out in order to perform a comparison. You always need to have an idea for what ...
by Leesbro63
Sat Jun 04, 2016 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Which Credit Card To Use
Replies: 6
Views: 1018

Re: Which Credit Card To Use

We already did that last year :D
by Leesbro63
Sat Jun 04, 2016 7:17 am
Forum: Personal Finance (Not Investing)
Topic: Which Credit Card To Use
Replies: 6
Views: 1018

Re: Which Credit Card To Use

Another option: Open a wife BA Chase Card (both of our credit scores are above 800). Of course there is a $95 annual fee (NOT waived during first year like other cards). Perhaps I should do this ANYWAY, as 2000 spend is easy. Effectively you're buying that first 50,000 Avios for $115. ($95 fee plus ...
by Leesbro63
Sat Jun 04, 2016 7:14 am
Forum: Personal Finance (Not Investing)
Topic: Which Credit Card To Use
Replies: 6
Views: 1018

Which Credit Card To Use

Daughter's wedding coming up at a major hotel. I recently acquired the Chase British Airways card which gives 50,000 bonus Avios points at the first $2000 spend within 3 months. During the remainder of the first year, you get 25,000 Avios for an additional $8000 spend (or a total of 75000 Avios for ...
by Leesbro63
Wed Jun 01, 2016 7:55 am
Forum: Investing - Theory, News & General
Topic: "Vanguard Developed Markets Index Fund now tracking new FTSE index."
Replies: 22
Views: 2813

Re: "Vanguard Developed Markets Index Fund now tracking new FTSE index."

Was this the Vanguard Tax-Managed International fund at one time not too long ago?
by Leesbro63
Sat May 28, 2016 7:26 am
Forum: Personal Finance (Not Investing)
Topic: "Why The Empty Nest Transition Is Crucial For Retirement Success" by Michael Kitces
Replies: 21
Views: 2461

Re: "Why The Empty Nest Transition Is Crucial For Retirement Success" by Michael Kitces

My own observation is that savers are savers and spenders are spenders. There are people of average means with kids who save decent amounts and there are empty nesters who were in debt when the kids where home and become bigger debtors when they can borrow for their own self gratification. I don't t...
by Leesbro63
Thu May 26, 2016 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Visa rewards card question
Replies: 30
Views: 2814

Re: Fidelity Visa rewards card question

The old Fido card was 1.5% on the first something or other then 2% over that. Am I correct that the new car is 2% from the getgo on everything?
by Leesbro63
Mon May 23, 2016 7:56 pm
Forum: Personal Consumer Issues
Topic: Ineffective/Dangerous Sunscreens
Replies: 34
Views: 2788

Re: Ineffective/Dangerous Sunscreens

You have to remember the average American can't add fractions or tell you the difference between an atom and a molecule. :oops: Actually, that's a very astute comment. Perhaps sunscreen units of measurement need to be revised. Most would assume that a sunscreen rated at 15 is only half as good as o...
by Leesbro63
Mon May 23, 2016 3:54 pm
Forum: Personal Consumer Issues
Topic: Ineffective/Dangerous Sunscreens
Replies: 34
Views: 2788

Re: Ineffective/Dangerous Sunscreens

So not only do We have to worry about whether sunscreens actually provide the stated protection, but now we have to worry about trading one risk for another. What's the common sense Bogleheads non-medical but good-consumer answer here? Find a sunscreen that provides a level of protection you're com...
by Leesbro63
Mon May 23, 2016 12:57 pm
Forum: Personal Consumer Issues
Topic: Ineffective/Dangerous Sunscreens
Replies: 34
Views: 2788

Re: Ineffective/Dangerous Sunscreens

So not only do We have to worry about whether sunscreens actually provide the stated protection, but now we have to worry about trading one risk for another.

What's the common sense Bogleheads non-medical but good-consumer answer here?
by Leesbro63
Mon May 23, 2016 9:56 am
Forum: Personal Consumer Issues
Topic: Ineffective/Dangerous Sunscreens
Replies: 34
Views: 2788

Ineffective/Dangerous Sunscreens

Clark Howard recently mentioned that half of all sunscreens tested by Consumer's Reports didn't provide the SPF protection indicated on the label. Here is the link: http://www.clarkhoward.com/consumer-reports-best-sunscreen-money I subscribe to the print version of CR but so far there has not been a...
by Leesbro63
Wed May 18, 2016 5:12 am
Forum: Investing - Theory, News & General
Topic: Jim Cramer doesn’t beat the market
Replies: 61
Views: 7112

Re: Jim Cramer doesn’t beat the market

Called the bottom? What bottom? In 2008-9, he said we were headed for below 4000.
by Leesbro63
Tue May 17, 2016 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Records
Replies: 12
Views: 1024

Re: Tax Records

Buy or borrow a scanner, invest a few hours, and you'll have everything forever, with zero physical space requirement.
by Leesbro63
Sun May 15, 2016 8:29 pm
Forum: Investing - Theory, News & General
Topic: Money Monster Movie
Replies: 5
Views: 1280

Money Monster Movie

I think most Bogleheads will be able to relate to the theme of this movie. And it's good entertainment. It would appear to be a fictionalization version of Jim Cramer. The actionable thing here, without spoiling the movie, is to avoid large positions in individual stocks, especially from stock tips.
by Leesbro63
Sun May 15, 2016 8:25 pm
Forum: Investing - Theory, News & General
Topic: Jim Cramer doesn’t beat the market
Replies: 61
Views: 7112

Re: Jim Cramer doesn’t beat the market

I get what you are saying, but your statement is kinda not right. If your assets produce income for you that's great, but not if the assets lose value while spinning off the income. And the fact that you are not trying to "beat the market" doesn't negate the fact that a professional money...

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