Search found 4538 matches

by Leesbro63
Tue Dec 06, 2016 5:05 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement with $8M in investments
Replies: 101
Views: 9528

Re: Retirement with $8M in investments

Isn't the better question: at what ratio of nest egg to expenses should you feel wealthy?
by Leesbro63
Sat Dec 03, 2016 1:22 pm
Forum: Investing - Theory, News & General
Topic: Forget the 4% safe withdrawal rule -- use RMDs instead.
Replies: 46
Views: 5335

Re: Forget the 4% safe withdrawal rule -- use RMDs instead.

People complain about RMDs because they don't want to spend more money. At a certain point people spend what they want to spend. They aren't going to spend 20k more just because they have the money. After 70+ years of living, people are comfortable with where they are. I never understood why RMDs a...
by Leesbro63
Fri Nov 25, 2016 7:11 am
Forum: Personal Finance (Not Investing)
Topic: Which Credit card for a large one-time expense?
Replies: 50
Views: 4450

Re: Which Credit card for a large one-time expense?

I agree with all of the last post except the final line. The difference between Vegas and and the credit card game is that the player actually has some control (with the credit card game) The way the banks make money on credit cards, with or without big bonuses, is by enticing cardholders to pay int...
by Leesbro63
Tue Nov 22, 2016 6:56 pm
Forum: Investing - Help with Personal Investments
Topic: If I won the game, how to play the next phase?
Replies: 27
Views: 4235

Re: If I won the game, how to play the next phase?

If one has REALLY won the game then I would think the next phase would be only CDs and money market. Not in your 50's with good health I don't necessarily disagree. I guess we are all in different situations. I am about to turn 70 and in more than excellent health. My problem is spending some of wh...
by Leesbro63
Tue Nov 22, 2016 5:21 pm
Forum: Investing - Help with Personal Investments
Topic: If I won the game, how to play the next phase?
Replies: 27
Views: 4235

Re: If I won the game, how to play the next phase?

Now this is a case where market timing might actually come into play. And by that, I don't mean your asset allocation. What I'm saying is that historically, the worst times to retire early are right before a large recession/bear market. The 5% failure of the Trinity study focuses on those events. A...
by Leesbro63
Tue Nov 22, 2016 5:16 pm
Forum: Investing - Help with Personal Investments
Topic: If I won the game, how to play the next phase?
Replies: 27
Views: 4235

Re: If I won the game, how to play the next phase?

Trader/Investor wrote:If one has REALLY won the game then I would think the next phase would be only CDs and money market.


Not in your 50's with good health
by Leesbro63
Tue Nov 22, 2016 9:02 am
Forum: Investing - Help with Personal Investments
Topic: If you don't need equity risk, why buy them?
Replies: 33
Views: 2290

Re: If you don't need equity risk, why buy them?

^, Dandy We did a modified approach to Bernstein. Most BH will find this complicated: We have secured buckets of different income/assets. [see below] The Discretionary Bucket is pure discretionary, it is the "anyway-you-want" bucket. This bucket consists of 7 accounts. One account is pret...
by Leesbro63
Mon Nov 21, 2016 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Form 706 & Portability of DSUE
Replies: 4
Views: 270

Re: Form 706 & Portability of DSUE

I am not an attorney or accountant. But I get it that you won't want to get "over lawyered" or "over accountanted". That being said, my guess is that you'll need a good accountant who understands form 706. Shouldn't be too bad really. Also I don't believe the property will get a ...
by Leesbro63
Mon Nov 21, 2016 12:53 pm
Forum: Investing - Help with Personal Investments
Topic: If you don't need equity risk, why buy them?
Replies: 33
Views: 2290

Re: If you don't need equity risk, why buy them?

tennisplyr wrote:Was with a retired couple in their sixties yesterday. I believe they have several million $ largely in cash. It works for them, I don't know their needs but they are OK with it.


If this is the new 1966 (and I am NOT speculating that it is) they are headed for some serious stress.
by Leesbro63
Mon Nov 21, 2016 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Forms 1009-Q and 1098-T
Replies: 12
Views: 520

Re: Forms 1009-Q and 1098-T

Maybe I used "itemized" a little loosely. But the letter I sent listed the name of the student, the university, the tuition, the mandatory fees, and the room&board costs, and books. That total was just over the amount that we withdrew from the 529. All things I had receipts for and co...
by Leesbro63
Sun Nov 20, 2016 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: Forms 1009-Q and 1098-T
Replies: 12
Views: 520

Re: Forms 1009-Q and 1098-T

You probably don't need to file a 1040-X. Was the money from the 529 plan used for qualified educational expenses? If so, reply to the CP 2000 that the money was used for qualified educational expenses, and itemize those expenses. You don't even need to include receipts. Here is one of many threads...
by Leesbro63
Fri Nov 18, 2016 5:29 pm
Forum: Personal Consumer Issues
Topic: Where to get iPhone screen replaced
Replies: 23
Views: 1469

Re: Where to get iPhone screen replaced

Sadly, I think Apple has us pretty well locked in. I don't have the time, money or patience to remain an Apple user. Every iOS update brings some sort of frustration with my iPhone 5 or Macbook (2007). Last week I was able to repair my MagSafe plug via http://www.instructable.com and save $79. Appl...
by Leesbro63
Fri Nov 18, 2016 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Cannot get myself to spend my savings
Replies: 75
Views: 8025

Re: Cannot get myself to spend my savings

staythecourse wrote:I think some folks just need to admit they are cheap.


I prefer to think of myself as a "value player"
by Leesbro63
Thu Nov 17, 2016 6:32 pm
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 204
Views: 25691

Re: "Stealth Wealth: I’m Just an Ordinary Average Guy"

An observation about cars. I'm pushing 57 so grew up with cars from the 60s (great cars but low tech) and 70's (awful cars). There's a much smaller gap between today's "average" cars and today's luxury cars than was the case back then. A Vega was really a piece of junk on wheels while an I...
by Leesbro63
Thu Nov 17, 2016 6:29 pm
Forum: Personal Consumer Issues
Topic: Where to get iPhone screen replaced
Replies: 23
Views: 1469

Re: Where to get iPhone screen replaced

I used one of those "mall places" and it was fixed nicely. Until 3 weeks later when the speaker-microphone would not work. And Apple wouldn't fix it because they claimed the non-Apple place screwed it up. So I had to spend $350 for a refurb phone with trade. Sadly, I think Apple has us pre...
by Leesbro63
Thu Nov 17, 2016 12:05 pm
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 204
Views: 25691

Re: "Stealth Wealth: I’m Just an Ordinary Average Guy"

I probably fit into the category of "stealth wealth", other than I like Lexus cars and buy a new iPhone every model change. The big issue I see is that our culture promotes the idea that spending more creates more happiness. To a limited point that is true. But the reality is not as great ...
by Leesbro63
Wed Nov 16, 2016 1:26 pm
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 204
Views: 25691

Re: "Stealth Wealth: I’m Just an Ordinary Average Guy"

How safe are 35 year old microwaves? How do you know it's not putting out emissions? I like stuff that lasts a long time too but many items, like cars and microwaves, are much safer today and should be considered for replacement even if they work fine. I have a 30 year old upright freezer that work...
by Leesbro63
Wed Nov 16, 2016 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Portability, Bypass Trusts, Basis Step-ups, etc.
Replies: 22
Views: 2564

Re: Portability, Bypass Trusts, Basis Step-ups, etc.

As to state inheritance/estate taxes: It's my understanding that if the surviving spouse can and does take the income from the credit shelter trust, Pennsylvania inheritance tax is not due as it's not considered a completed transfer. (And the surviving spouse can move to places like Florida, in the ...
by Leesbro63
Wed Nov 16, 2016 10:14 am
Forum: Investing - Theory, News & General
Topic: Some Great Podcasts
Replies: 0
Views: 341

Some Great Podcasts

There have been some great podcasts lately, here, esp the one with Bruce Steiner. Lots of Bogleheadish stuff:


http://www.paytaxeslater.com/radioshow.php
by Leesbro63
Wed Nov 16, 2016 9:57 am
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 204
Views: 25691

Re: "Stealth Wealth: I’m Just an Ordinary Average Guy"

The one thing I've learned in my 40+ young years is to buy quality. Otherwise you end up paying the "beggar's tax." Essentially, if you are too fixated on buying cheap stuff to save a few bucks, you will be frustrated when it breaks and finally get the quality item. The beggar's tax is th...
by Leesbro63
Mon Nov 14, 2016 8:59 am
Forum: Investing - Help with Personal Investments
Topic: IRA withdrawal taxation
Replies: 17
Views: 1179

Re: IRA withdrawal taxation

There's always that Roth IRA. And you can convert a traditional IRA to a Roth IRA anytime you want. Better get it done to save $$$,$$$ on taxes. :) Depends on the taxpayer's situation. There is some thought that tax rates might be LOWER in the not too distant future. Might be a prudent bet to wait ...
by Leesbro63
Fri Nov 11, 2016 11:40 am
Forum: Investing - Theory, News & General
Topic: Passive Investing Math Wrong?
Replies: 25
Views: 2249

Re: Passive Investing Math Wrong?

Truthfully I don't subscribe but a Boglehead friend of mine sent me the article. So I wasn't really tuned into the fact that you need a subscription to read it.
by Leesbro63
Fri Nov 11, 2016 11:39 am
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 204
Views: 25691

Re: "Stealth Wealth: I’m Just an Ordinary Average Guy"

There seems a general American theme that spending more money equals more happiness. I think it's true, but only to a fairly low point. Way below the level sold by advertising. Yet there's some huge, albeit hidden happiness from having stealth wealth.
by Leesbro63
Fri Nov 11, 2016 10:48 am
Forum: Investing - Theory, News & General
Topic: Passive Investing Math Wrong?
Replies: 25
Views: 2249

Passive Investing Math Wrong?

Frankly I don't understand this article, but I am surprised no one else posted it for discussion. Surely this is Bogleheadworthy. "Mr. Sharpe’s logic is compelling, but I think the assumptions underlying the conclusions are not grounded in reality." http://blogs.wsj.com/experts/2016/11/06/...
by Leesbro63
Thu Nov 10, 2016 9:34 pm
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 204
Views: 25691

Re: "Stealth Wealth: I’m Just an Ordinary Average Guy"

TRC wrote:I like fancy cars and expensive things, but I pay cash. To each his/her own! Life is too short to die with a gigantic pile of cash and never enjoy what you work for.


You are assuming that spending more money equals buying more happiness.
by Leesbro63
Wed Nov 09, 2016 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: PA residents with a 529, do you use the 529 plan sponsored by the state?
Replies: 10
Views: 775

Re: PA residents with a 529, do you use the 529 plan sponsored by the state?

Perhaps the best investment I ever made was the PA TAP 529 "Guaranteed Savings Plan". I did this with a lump sum, for each of my two (now young adult) kids. Pay for college now and forget it. There ARE some potential pitfalls, but overall I think it's a no brainer. Do you REALLY think that...
by Leesbro63
Wed Nov 02, 2016 8:33 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe's latest market returns forecast
Replies: 380
Views: 28343

Re: Larry Swedroe's latest market returns forecast

Any chance that one or some of the Bogleheads, directly connected to Mr. Bogle, can get him to issue a response?
by Leesbro63
Sun Oct 30, 2016 5:49 am
Forum: Personal Consumer Issues
Topic: Leaving Phone Chargers Plugged In
Replies: 24
Views: 4379

Leaving Phone Chargers Plugged In

Years ago I remember reading how device chargers drained electricity if left plugged in. I haven't seen a thing about that in years, however. Is this still an issue, or are today's chargers smart enough to know to not leak electricity if no device is being charged?
by Leesbro63
Fri Oct 21, 2016 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Upgrade My Vanguard Account?
Replies: 5
Views: 944

Upgrade My Vanguard Account?

So I see there's an option to upgrade my Vanguard Brokerage Account and Vanguard Mutual Funds Account to one account. Why might I want to do this or not? Why do they make it optional? Will the account numbers change? What unexpected headaches might I encounter?
by Leesbro63
Thu Oct 20, 2016 10:11 am
Forum: Personal Consumer Issues
Topic: Sibling's destination wedding?
Replies: 137
Views: 11471

Re: Sibling's destination wedding?

TIAX wrote:
Destination weddings are nearly always a way to reduce costs for the couple at the expense of their guests.


BINGO!
by Leesbro63
Wed Oct 19, 2016 2:58 pm
Forum: Personal Consumer Issues
Topic: Massage Chair
Replies: 8
Views: 901

Re: Massage Chair

Yes, the Brookstone chairs appear to be outrageously priced.
by Leesbro63
Wed Oct 19, 2016 2:57 am
Forum: Personal Finance (Not Investing)
Topic: SS COLA for 2017 will be 0.3% [Cost of Living Adjustment]
Replies: 34
Views: 3088

Re: SS COLA for 2017 will be 0.3% [Cost of Living Adjustment]

Does the federal estate tax exemption amount go up?
by Leesbro63
Mon Oct 17, 2016 9:00 am
Forum: Personal Consumer Issues
Topic: Is Older Tupperware Safe
Replies: 48
Views: 3749

Re: Is Older Tupperware Safe

Thank you all for the info. I decided that our old Tupperware is probably safe enough for cold or room temperature foods, but I bought some Pyrex at Walmart on the cheap for hot foods. Again, thanks for the good info.
by Leesbro63
Sun Oct 16, 2016 5:35 pm
Forum: Personal Consumer Issues
Topic: Massage Chair
Replies: 8
Views: 901

Massage Chair

A friend of mine has a massage chair. It's great. But I have no clue if it's a good one or not. I'd like to get one, but know nothing about them.
by Leesbro63
Wed Oct 12, 2016 11:39 am
Forum: Personal Consumer Issues
Topic: Is Older Tupperware Safe
Replies: 48
Views: 3749

Re: Is Older Tupperware Safe

I'm starting to think that "wear your seatbelt" was the best reply. Control the real risks that you can control and live your life.
by Leesbro63
Wed Oct 12, 2016 8:28 am
Forum: Personal Consumer Issues
Topic: Is Older Tupperware Safe
Replies: 48
Views: 3749

Re: Is Older Tupperware Safe

RudyS wrote:If BPA were an issue, I would expect that in 30 years most any that was leachable would be gone. Keep wearing your seatbelts.


So maybe my "seasoned" Tupperware is actually safer than today's stuff? Maybe old Tupperware will become relatively valuable on Ebay?
by Leesbro63
Wed Oct 12, 2016 8:11 am
Forum: Personal Consumer Issues
Topic: Is Older Tupperware Safe
Replies: 48
Views: 3749

Re: Is Older Tupperware Safe

ArmchairArchitect wrote:Might want to do a Google search to see if old Tupperware has BPAs that can get into your food.


Did that. Lost of conflicting, vague, non-scientific or perhaps it is scientific (but it's not clear) stuff.
by Leesbro63
Wed Oct 12, 2016 8:07 am
Forum: Personal Consumer Issues
Topic: Is Older Tupperware Safe
Replies: 48
Views: 3749

Is Older Tupperware Safe

So on the "worth every penny" thread, I bragged about our 30 year old Tupperware. Then, like the Frank Sinatra song, I was riding high in April, got shot down in May. Someone said the old stuff might not be safe? Is this stuff safe? We don't use it in the microwave and never have. We DO pu...
by Leesbro63
Tue Oct 11, 2016 9:12 pm
Forum: Personal Consumer Issues
Topic: The Bogleheads' "100 Things Worth Every Penny" List
Replies: 275
Views: 34716

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

Never used it in the microwave. I hope it's safe for just regular food storage, without using in the microwave. Now you have me wondering if, like old cars that are still good but not up to date on safety features, we should replace our trusty Tupperware??
by Leesbro63
Mon Oct 10, 2016 8:25 pm
Forum: Personal Consumer Issues
Topic: The Bogleheads' "100 Things Worth Every Penny" List
Replies: 275
Views: 34716

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

Tupperware. My wife had a relative who was a distributor back when we got married about 30 years ago. So we bought the whole kit and kaboodle. Fast forward 30 years...the stuff is like new! The lids seal like new and the stuff is indestructible. Back then there weren't many choices but today there a...
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: 48
Views: 5324

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: 48
Views: 5324

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: 48
Views: 5324

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: 48
Views: 5324

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: 275
Views: 34716

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: 275
Views: 34716

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: 903

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: 903

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?

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