Search found 4673 matches

by Leesbro63
Fri Aug 11, 2017 7:21 pm
Forum: Investing - Theory, News & General
Topic: 4% Rule has changed.....not
Replies: 80
Views: 8067

Re: 4% Rule has changed.....not

Yes, for people with large taxable accounts. I think what you are seeing is that many (most?) here have the bulk of their investments in tax-deferred accounts. But there is a reasonably sized group with large taxable accounts. Yes I'm saying that this group should not rebalance if it requires a lot ...
by Leesbro63
Fri Aug 11, 2017 6:59 pm
Forum: Investing - Theory, News & General
Topic: 4% Rule has changed.....not
Replies: 80
Views: 8067

Re: 4% Rule has changed.....not

I do not understand what alternative you are proposing. If a retiree needs to withdraw appreciated funds - and his funds are in a taxable account - what are you suggesting he do? Well, at 2 or 2.5%, the income from the portfolio will pretty much cover it. My concern was about your comment regarding...
by Leesbro63
Fri Aug 11, 2017 11:37 am
Forum: Investing - Theory, News & General
Topic: 4% Rule has changed.....not
Replies: 80
Views: 8067

Re: 4% Rule has changed.....not

I do not understand what would be tough about it. If equities are down, an investor would sell part of his conservative bond fund. When equities rise again - something that happened at least twice between 1968 and 1982 - he would rebalance by converting equities to bonds. Isn't that what any retire...
by Leesbro63
Fri Aug 11, 2017 10:12 am
Forum: Investing - Theory, News & General
Topic: 4% Rule has changed.....not
Replies: 80
Views: 8067

Re: 4% Rule has changed.....not

I consider 2.5% to be my number as well. That being said, what if it really is all just a bubble and markets crash just before retirement (I'm 57) and the number at retirement is now 4% (because your nest egg shrank)? Would you feel comfortable, or would you adjust your lifestyle downward by 1/3 so...
by Leesbro63
Fri Aug 11, 2017 9:51 am
Forum: Investing - Theory, News & General
Topic: 4% Rule has changed.....not
Replies: 80
Views: 8067

Re: 4% Rule has changed.....not

Good for you. That suits your temperament and, presumably, your need to take risk. I can retire comfortably now on a 2.5% SWR, mostly covered by dividends/interest, which makes my need to take risk rather less than it once was. I have "enough", and don't have need to assume higher market risks to h...
by Leesbro63
Fri Aug 11, 2017 8:52 am
Forum: Investing - Theory, News & General
Topic: "When's the Right Time to Take RMDs?" – (Christine Benz's Latest Column)
Replies: 34
Views: 4196

Re: "When's the Right Time to Take RMDs?" – (Christine Benz's Latest Column)

And yet, people are filled with all sorts of angst about when to do it and which funds to select. It is similar to the "never sell" paralysis that many seem to have that leads to spending only dividends. Actually I think it's more like "what brokerage do you use?". It's (mostly) irrelevant which co...
by Leesbro63
Wed Aug 09, 2017 6:58 pm
Forum: Investing - Theory, News & General
Topic: 4% Rule has changed.....not
Replies: 80
Views: 8067

Re: 4% Rule has changed.....not

True, but for a 70-year-old, 40 years is a really long time. If I'm lucky enough to celebrate my 110th birthday, I won't care much if I'm broke. Fair enough I didn't notice the 70 in there. :) How would that have worked for someone born in 1896...who turned 70 in 1966, just as inflation took off, a...
by Leesbro63
Wed Aug 09, 2017 6:30 pm
Forum: Investing - Theory, News & General
Topic: 4% Rule has changed.....not
Replies: 80
Views: 8067

Re: 4% Rule has changed.....not

True, but for a 70-year-old, 40 years is a really long time. If I'm lucky enough to celebrate my 110th birthday, I won't care much if I'm broke. Fair enough I didn't notice the 70 in there. :) How would that have worked for someone born in 1896...who turned 70 in 1966, just as inflation took off, a...
by Leesbro63
Sat Aug 05, 2017 2:42 am
Forum: Investing - Theory, News & General
Topic: The Rise From 7,000 to 22,000
Replies: 49
Views: 6391

Re: The Rise From 7,000 to 22,000

That's a different subject...the value of paying out part of corporate profit as dividends or not. But for purposes of calculating the return of an investment, dividends must be included in that calculation
by Leesbro63
Sat Aug 05, 2017 2:32 am
Forum: Personal Finance (Not Investing)
Topic: Roth conversion in a high tax bracket?
Replies: 21
Views: 1711

Re: Roth conversion in a high tax bracket?

If you don't expect your marginal rates to decrease ever (and ignoring inheritance issues...) then converting to Roth makes sense. Can you elaborate on this? Does it makes sense to convert if you expect to be in the same tax bracket upon retirement? For the tax-free growth going forward it could ma...
by Leesbro63
Fri Aug 04, 2017 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Roth conversion in a high tax bracket?
Replies: 21
Views: 1711

Re: Roth conversion in a high tax bracket?

I don't think I'd do it. The cost now, at 40%, seems too high considering all the uncertainty about income and estate tax rates decades from now. I converted in 2010 before rates took off, but even then I only converted half ("split the baby") because there was talk then about low or no in...
by Leesbro63
Wed Aug 02, 2017 8:43 pm
Forum: Investing - Theory, News & General
Topic: Greenspan: Look Out When Bonds Pop
Replies: 58
Views: 8136

Re: Greenspan: Look Out When Bonds Pop

Valuethinker, thank you for your comments. I am not an economist but I am very interested in this subject. I took three economics classes in college and they were among the most enjoyable classes that I took. I did live through the 1970's, the era spanned from my grade school years into my college ...
by Leesbro63
Wed Aug 02, 2017 8:29 pm
Forum: Investing - Theory, News & General
Topic: The Rise From 7,000 to 22,000
Replies: 49
Views: 6391

Re: The Rise From 7,000 to 22,000

What is the return from the first time the DOW hit 10,000?
by Leesbro63
Sun Jun 25, 2017 4:48 pm
Forum: Personal Consumer Issues
Topic: SPF Driving Gloves
Replies: 6
Views: 587

Re: SPF Driving Gloves

hicabob wrote:This fellow got internet famous for his sun exposure while driving
http://www.cbsnews.com/news/trucker-acc ... -the-road/


I rest my case
by Leesbro63
Sun Jun 25, 2017 12:13 pm
Forum: Personal Consumer Issues
Topic: SPF Driving Gloves
Replies: 6
Views: 587

SPF Driving Gloves

Perhaps I'm being a but paranoid, but I've had some sun damaged skin issues now that I am approaching age 60. Today while driving, I noticed that my left hand is usually in the sun. Yes, I used sunscreen. But is there a specific glove to screen out the sun's rays for driving? I would like the entire...
by Leesbro63
Fri Jun 23, 2017 10:44 am
Forum: Personal Consumer Issues
Topic: Surge Protector for Refrigerator
Replies: 36
Views: 3081

Surge Protector for Refrigerator

A recent power surge zapped my frig circuit board. The repairman said to get a surge protector. Is there some special heavy duty thing required for a frig (versus, say, for a computer)?
by Leesbro63
Wed Jun 21, 2017 3:40 pm
Forum: Personal Consumer Issues
Topic: LG washer and dryer "NFC tag on" feature
Replies: 30
Views: 1632

Re: LG washer and dryer "NFC tag on" feature

I would start with the store where they were purchased. You got me curious though. Why would I want to connect my phone to a washer and dryer? +1. Why in the world would you need your smartphone to talk to your washing machine? Sounds like technology for technology's sake to me. I'd call the store ...
by Leesbro63
Sun Jun 18, 2017 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Withdrawal method proposal -- Part 3: A Change in Perspective
Replies: 5
Views: 700

Re: Withdrawal method proposal -- Part 3: A Change in Perspective

Second, I am sure some people probably spend too much while not retired and probably continue to do that in retirement until they are forced to cut back. That is, they don't really plan anything. Third, I am sure some people probably spend too little while not retired and probably continue to do th...
by Leesbro63
Thu Jun 15, 2017 8:36 pm
Forum: Personal Consumer Issues
Topic: College grad building credit history
Replies: 11
Views: 557

Re: College grad building credit history

Why not finance a very small portion of the car? Say on a $20,000 car, finance $4-5000 for 2 or 3 years. I agree with the general sentiment here that you don't want to get your kid into the car payment mentality just to build credit. But buying a car is a credit-building opportunity. Doing what I su...
by Leesbro63
Wed Jun 14, 2017 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: Do You Take Your Credit Card Receipts?
Replies: 85
Views: 6323

Re: Do You Take Your Credit Card Receipts?

I generally and lax about receipts and have never had a problem. The only exception is for something big that I might return. Even then I can go online and get the credit card transaction number.
by Leesbro63
Wed Jun 14, 2017 4:22 pm
Forum: Personal Consumer Issues
Topic: Buying a House in Indy (Carmel Indiana)
Replies: 10
Views: 1135

Re: Buying a House in Indy (Carmel Indiana)

Thank you all. Your answers, so far, have been great for my kids. By the way, she works in Carmel and he works from home. So that's the answer to your commuting question. And a good public school, while not an issue today, is an intermediate term consideration.
by Leesbro63
Wed Jun 14, 2017 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Dealership rejecting rebate after contract signed
Replies: 118
Views: 15070

Re: Dealership rejecting rebate after contract signed

It's possible that this was a "good guy/bad guy" scam with the management and salesperson. And that the dealership actually instructed the salesperson to bully you into trying to redo the deal. Once that didn't happen, they probably gave the salesperson an "attaboy" for at least ...
by Leesbro63
Wed Jun 14, 2017 7:39 am
Forum: Personal Consumer Issues
Topic: Getting a Florida Sunpass
Replies: 14
Views: 1412

Re: Getting a Florida Sunpass

If you put your rental car plate number into the app, why does he need the windshield thingie? The system obviously reads your plate.
by Leesbro63
Wed Jun 14, 2017 7:37 am
Forum: Personal Consumer Issues
Topic: Buying a House in Indy (Carmel Indiana)
Replies: 10
Views: 1135

Buying a House in Indy (Carmel Indiana)

My late 20s daughter and SIL are looking to buy a house in Carmel, Indiana, a northern Indy suburb. Both are professionals and they earn in the top few percent for their ages...probably for any age. To their surprise, "average" upper middle class homes seem to be priced from $400-$800. The...
by Leesbro63
Wed May 31, 2017 3:26 pm
Forum: Personal Consumer Issues
Topic: Tuft & Needle prices going up tomorrow
Replies: 5
Views: 1267

Re: Tuft & Needle prices going up tomorrow

What is the significance of Tuft and Needle and why might I want one? I'm not being sarcastic here...I just have never heard of this and wondering what it is.
by Leesbro63
Wed May 31, 2017 3:21 pm
Forum: Personal Consumer Issues
Topic: Pennsylvania Vehicle Registration Renewal - 2 year option
Replies: 17
Views: 1205

Re: Pennsylvania Vehicle Registration Renewal - 2 year option

A final thought...why are we still using metal license plates? Shouldn't there be an Ipad type thing, from the factory or as an aftermarket item, that communicates with the state? And when you buy a new car, the "plate number" gets transmitted from the state? I haven't fully thought this ...
by Leesbro63
Wed May 31, 2017 12:57 pm
Forum: Personal Consumer Issues
Topic: Pennsylvania Vehicle Registration Renewal - 2 year option
Replies: 17
Views: 1205

Re: Pennsylvania Vehicle Registration Renewal - 2 year option

I also just did the 2 year PA renewal. I used to be a "car guy" and changed cars frequently. They always transferred the plate, with the prior remaining registration continuing onto the new car (same plate). I can't see why that would be different with a 2 year registration. That being sai...
by Leesbro63
Sun May 28, 2017 3:27 pm
Forum: Investing - Help with Personal Investments
Topic: Looking for advice/reassurance on what to do with $4-5m
Replies: 63
Views: 6226

Re: Looking for advice/reassurance on what to do with $4-5m

Herewith reassurance: sir, you are rich. You need not take such trouble; you are at a level to make very simple decisions. With five million and $150K in other income, you might simply put the money into a bond fund, and take the income, and plan to retire quite soon. I estimate an income without w...
by Leesbro63
Sat May 27, 2017 1:23 pm
Forum: Personal Consumer Issues
Topic: HondaCare Warranty Transferrable?
Replies: 3
Views: 401

HondaCare Warranty Transferrable?

In December of 2013, I assisted my daughter in purchasing a brand new, 2014 Honda CRV. The car is in her name as is the HondaCare Warranty that we bought from the selling dealer at the time. 8 year or 80,000 miles. Because she lives so close to her work, the car only has 20,000 miles on it at 41 mon...
by Leesbro63
Thu May 11, 2017 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: IRA Primary and Contingent Benficiary Question
Replies: 7
Views: 398

Re: IRA Primary and Contingent Benficiary Question

Rupert wrote:Pretty sure this will be controlled by state law. 19 states have adopted the Uniform Simultaneous Death Act in its present form. See https://en.wikipedia.org/wiki/Uniform_S ... _Death_Act.



How would this work in Florida? In Pennsylvania?
by Leesbro63
Thu May 11, 2017 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: IRA Primary and Contingent Benficiary Question
Replies: 7
Views: 398

IRA Primary and Contingent Benficiary Question

I was discussing this scenario with someone today. Let's say that I set up my IRA so that my wife is the primary beneficiary and my children from a prior marriage are the contingent beneficiaries. And my wife has a will that says that her own kids, from a prior marriage, are her sole heirs. We both ...
by Leesbro63
Tue May 09, 2017 7:54 am
Forum: Personal Finance (Not Investing)
Topic: Question about re-gifting a gift for tax purposes
Replies: 13
Views: 799

Re: Question about re-gifting a gift for tax purposes

Why not gift $28,000 this year then just use up $16,000 of your $11Million-per-couple lifetime exclusion by filing the fairly easy to do gift tax Form 709? Will you really die with more than $11Million? And even if so, will gifting $16,000 of that now really make any significant difference when you ...
by Leesbro63
Wed May 03, 2017 9:16 pm
Forum: Investing - Help with Personal Investments
Topic: Trad IRA – pointless if modified adjusted gross income (MAGI) is beyond IRS limit?
Replies: 9
Views: 937

Re: Trad IRA – pointless if modified adjusted gross income (MAGI) is beyond IRS limit?

I think there is no point to make non-deductible traditional IRA contributions unless one can convert the contributed money reasonably quickly to a Roth IRA. Cannot EVERYONE convert a non-deductible traditional IRA to a Roth? I get it that many don't know about it and/or consider it a "gray ar...
by Leesbro63
Tue May 02, 2017 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Value of Small Business
Replies: 4
Views: 553

Value of Small Business

A friend of mine is thinking of retiring and selling his small business to one of his 1099 contractors. The business is basically a "middle man" business...my friend sells a product, manufactured by a large company, to local businesses. The business has no tangible assets and no employees....
by Leesbro63
Sat Apr 29, 2017 6:58 pm
Forum: Investing - Theory, News & General
Topic: Bogle on "On The Money" this morning
Replies: 8
Views: 2202

Re: Bogle on "On The Money" this morning

Artisan wrote:I like his last line.

"Half the time I wonder why I have so much in stocks and the other half the time I wonder why I have so little"

That's me!

Thanks for the link.



+1
by Leesbro63
Thu Apr 27, 2017 1:52 pm
Forum: Investing - Help with Personal Investments
Topic: VTI vs VTSAX (ETF vs Mutual Fund)
Replies: 6
Views: 1109

Re: VTI vs VTSAX (ETF vs Mutual Fund)

Well, my answer is very clear. Don't just do something, stand there! Thank you all.
by Leesbro63
Thu Apr 27, 2017 12:17 pm
Forum: Investing - Help with Personal Investments
Topic: VTI vs VTSAX (ETF vs Mutual Fund)
Replies: 6
Views: 1109

Re: VTI vs VTSAX (ETF vs Mutual Fund)

livesoft wrote:The expense ratio of VTI will surely follow along with changes in the expense ratio of VTSAX. Or do you have inside information that it won't?


I have no such info and really haven't been following this...hence my question here.
by Leesbro63
Thu Apr 27, 2017 11:13 am
Forum: Investing - Help with Personal Investments
Topic: VTI vs VTSAX (ETF vs Mutual Fund)
Replies: 6
Views: 1109

VTI vs VTSAX (ETF vs Mutual Fund)

I have a large position of VTI in my Vanguard brokerage account. It's a long story but I originally bought it in a non-Vanguard brokerage years ago. Now that Vanguard is cutting fees on VTSAX (Vanguard Total Market Admiral Shares), should I and can I try to convert VTI to that? What's the difference...
by Leesbro63
Fri Apr 21, 2017 4:37 pm
Forum: Personal Consumer Issues
Topic: Roadside Assistance, Chase Sapphire Preferred
Replies: 5
Views: 823

Re: Roadside Assistance, Chase Sapphire Preferred

Are you guys sure this coverage is available on the PREFERRED card (not RESERVE)?
by Leesbro63
Fri Apr 21, 2017 11:54 am
Forum: Personal Consumer Issues
Topic: Roadside Assistance, Chase Sapphire Preferred
Replies: 5
Views: 823

Roadside Assistance, Chase Sapphire Preferred

On another post, there was reference to Chase credit cards (some? all?) providing roadside assistance. Do I get that benefit on my Chase Sapphire Preferred? I looked at the benefits and could not see that. If so, what number do I call when I get a flat tire at night on a dark road?
by Leesbro63
Fri Apr 21, 2017 10:24 am
Forum: Personal Finance (Not Investing)
Topic: New version of VantageScore coming
Replies: 16
Views: 1357

Re: Credit Score Changes For Bogleheads

You're right! Didn't see that. Perhaps the moderators can remove my redundant post here.
by Leesbro63
Fri Apr 21, 2017 10:16 am
Forum: Personal Finance (Not Investing)
Topic: New version of VantageScore coming
Replies: 16
Views: 1357

Credit Score Changes For Bogleheads

[Thread merged into here, see below. --admin LadyGeek]

I THINK there's something actionable here for us, but not sure what. It would appear that those of us with top credit scores might be negatively affected:

http://www.cnbc.com/2017/04/19/major-ch ... lated.html
by Leesbro63
Tue Apr 04, 2017 6:56 pm
Forum: Investing - Theory, News & General
Topic: Why Buffet likes S&P 500 Index over a TSM Index Fund?
Replies: 51
Views: 6672

Re: Why Buffet likes S&P 500 Index over a TSM Index Fund?

I'd guess because it [S&P 500] is "well known" and, to use a term not thrown around much now, is more "Blue Chips" heavy than TSM. In any case, either fund should produce satisfactory results. +1. My guess is that it's a generational habit. Like my 82 year old father referri...
by Leesbro63
Mon Apr 03, 2017 1:21 pm
Forum: Investing - Theory, News & General
Topic: Theoretical trust question
Replies: 9
Views: 675

Re: Theoretical trust question

Suppose you wanted to make a big impact on the world and that you had a net worth of $5M at the time of your passing. Would it be possible to create a trust that states that the money should be reinvested in stocks for 150 years (untouched) and then be used for charitable purposes after that? You w...
by Leesbro63
Mon Apr 03, 2017 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Taxable Estate (def'n)
Replies: 2
Views: 406

Re: Taxable Estate (def'n)

It's not clear what you are asking. What does "XYZ asset shall be..." mean? Shall go to so and so? Shall be kept in trust? Shall be invested in comic books? What are you actually asking? Sounds to me like mom's estate was $2M so whatever the instructions are for an estate over $1m is what ...
by Leesbro63
Fri Mar 31, 2017 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Not opting for 529... anyone else?
Replies: 175
Views: 11365

Re: Not opting for 529... anyone else?

I will be honest. When the 529 and kids education were topic of the discussion among our circle many decades ago, we could not fathom the numbers either at that time. Only when my 2nd was 10 year old, we started 529 for him when at my new job a slick presentation was made I am glad that I did it be...
by Leesbro63
Fri Mar 31, 2017 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Not opting for 529... anyone else?
Replies: 175
Views: 11365

Re: Not opting for 529... anyone else?

The plans that make me cringe are the ones from parents who are willing to go deep in debt to pay for expensive colleges, either because they like to be martyrs or because they figure the kids will feel guilty enough about their 'sacrifice' to bail them out in their old age. But that's just me. Som...
by Leesbro63
Fri Mar 31, 2017 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Not opting for 529... anyone else?
Replies: 175
Views: 11365

Re: Not opting for 529... anyone else?

I don't want to get too personal but when somebody talks about wanting to have 5+ children and then they say but we don't have money to pay for their college education I just have to wonder! If you are in this forum, you understand the basic financial stuff. Having children is a decision to be made...
by Leesbro63
Fri Mar 31, 2017 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Not opting for 529... anyone else?
Replies: 175
Views: 11365

Re: Not opting for 529... anyone else?

Well, it's clear that IAMNOTDOCTOR and I do not fall into this category. I may be the single most frugal person on this board. Even if we were blowing money on leased cars and vacations, I still think the judgement is totally uncalled for. Calling someone out because they don't have a 529 account f...
by Leesbro63
Fri Mar 31, 2017 11:30 am
Forum: Investing - Help with Personal Investments
Topic: Currently have $700,000 at 26 years old get $100,000 a year
Replies: 80
Views: 11987

Re: Currently have $700,000 at 26 years old get $100,000 a year

I read the thread on "illusion of poverty" and "illusion of wealth" and I may have the "illusion of poverty" I have this fear like what if the markets go down and stay down. I'm very afraid of the system no longer working for investors, not saying this would happen or ...