Search found 366 matches

by One Ping
Sat Jun 23, 2018 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 153
Views: 10114

Re: What is/ was your career and would you recommend it now?

Law Enforcement. I'd never recommend it to someone who just wants a job. . . . . . Law Enforcement today is not what it was even 19 years ago when I started. It requires using a lot more technology, and you are policing on camera. Everything that you do is recorded (body cams, surveillance cams, ve...
by One Ping
Sat Jun 09, 2018 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: Are you including SS in your planning model? Are the benefits really that high?
Replies: 148
Views: 11155

Re: Are you including SS in your planning model? Are the benefits really that high?

Church Lady wrote:
Sat Jun 09, 2018 7:53 pm
For Social Security, you have to pay in at least ten quarters to be eligible.
It's actually 10 years, or 40 quarters.
by One Ping
Mon Jun 04, 2018 11:41 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 433
Views: 50637

Re: How much money do you want to retire?

Bacchus01 wrote:
Mon Jun 04, 2018 7:06 am
I wasn’t thinking blindly, but thanks for the presumption
No problem, just trying to help. No offense intended.
by One Ping
Sun Jun 03, 2018 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 433
Views: 50637

Re: How much money do you want to retire?

We will have three pensions totaling about $45k/yr not cola, and SS of about $45k/yr. our expenses when the kids are out of the house are expected to be well below that, so it means we largely have to fund that time u til 65-70. Key questions that keep me thinking: medical costs, college costs, and...
by One Ping
Sat Jun 02, 2018 11:45 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 433
Views: 50637

Re: How much money do you want to retire?

We will have three pensions totaling about $45k/yr not cola, and SS of about $45k/yr. our expenses when the kids are out of the house are expected to be well below that, so it means we largely have to fund that time u til 65-70. Key questions that keep me thinking: medical costs, college costs, and...
by One Ping
Sat Jun 02, 2018 11:04 pm
Forum: Personal Consumer Issues
Topic: weighted blankets
Replies: 10
Views: 2032

Re: weighted blankets

Does anybody have experience with weighted blankets? I was thinking of getting me one to see if it helps me get a better nights sleep. I would want one that was cool. Brand? Price Point? Sizing Just did a search using 'cool weighted blanket'. Seems to be quite a few, some even mentioned alternative...
by One Ping
Fri Jun 01, 2018 10:23 pm
Forum: Investing - Theory, News & General
Topic: Paul Merriman and Small Cap Value
Replies: 137
Views: 14830

Re: Paul Merriman and Small Cap Value

Great points. If I recall correctly, SCV outperformed the broad market in something like 94% of all the rolling 20 year periods sine 1930. Looking at the data using these 6 US asset classes: LC Value, LC Blend, LC Growth, SC Value, SC Blend and SC Growth, I find that 63 out of 71 (89%) of the rolli...
by One Ping
Fri Jun 01, 2018 6:30 pm
Forum: Investing - Theory, News & General
Topic: Paul Merriman and Small Cap Value
Replies: 137
Views: 14830

Re: Paul Merriman and Small Cap Value

If over the last 90 years you were trying to convince yourself to hold on to your allocation through long periods of (relative) underperformance it seems you were more likely talking about holding on to the S&P vis-a-vis SCV, not the other way around. Great points. If I recall correctly, SCV outper...
by One Ping
Fri Jun 01, 2018 5:21 pm
Forum: Investing - Theory, News & General
Topic: Paul Merriman and Small Cap Value
Replies: 137
Views: 14830

Re: Paul Merriman and Small Cap Value

I take no issue with your data. My self-quote (I am pretty sure you can’t plagiarize yourself) was generic to tilting - too many people take on a tilt (or, say, buy a sector ETF) without an understanding - and thus an intellectual foundation - to support their position. That makes it tough when the...
by One Ping
Fri Jun 01, 2018 4:19 pm
Forum: Investing - Theory, News & General
Topic: Paul Merriman and Small Cap Value
Replies: 137
Views: 14830

Re: Paul Merriman and Small Cap Value

There will be periods of underperformance in any tilting strategy. Jumping in-and-out of various strategies is a portfolio return killer. As I just wrote on Rick Ferri’s “Simplicity” thread earlier today: " You have to believe in your allocation enough to convince yourself to stay the course though...
by One Ping
Fri Jun 01, 2018 12:27 pm
Forum: Personal Consumer Issues
Topic: Top Shelf Liquor Overrated?
Replies: 186
Views: 15561

Re: Top Shelf Liquor Overrated?

new2bogle wrote:
Fri Jun 01, 2018 11:44 am
One Ping wrote:
Thu May 31, 2018 8:41 pm
I can tell the difference too, and agree ... age is not necessarily better.

Talisker 10
Lagavulin 16
Macallan 18
Aberlour A'Bunadh

All good as far as I'm concerned.

One Ping
Did you steal my liquor cabinet! Great taste you have there :sharebeer
Sláinte :beer
by One Ping
Thu May 31, 2018 8:41 pm
Forum: Personal Consumer Issues
Topic: Top Shelf Liquor Overrated?
Replies: 186
Views: 15561

Re: Top Shelf Liquor Overrated?

I have Glengoyne 18 and 21 Macallan 12 and 18 Glendronach 12 and 18 Glenfidich 12 and 15 Balvenie 12 and 18 I can tell the difference but the older ones are not necessarily *better* tasting. They're just different and maybe a little smoother. I can tell the difference too, and agree ... age is not ...
by One Ping
Thu May 31, 2018 5:48 pm
Forum: Investing - Help with Personal Investments
Topic: Alternative to Morningstar X-ray Tool
Replies: 14
Views: 1592

Re: Alternative to Morningstar X-ray Tool

shipwreck wrote:
Sat May 26, 2018 7:11 am
You need an account now. Used to be free to use without an account.
Do you just have to register or do you have to subscribe? :moneybag
by One Ping
Thu May 31, 2018 5:36 pm
Forum: Investing - Theory, News & General
Topic: Paul Merriman and Small Cap Value
Replies: 137
Views: 14830

Re: Paul Merriman and Small Cap Value

PS SCV does not "orbit" around the mean of TSM; it orbits around its own mean, which as far as we are aware is a greater expected return than the expected return of TSM with a greater expected volatility than that expected of TSM. dbr, you might want to take a look at research paper on Paul's site....
by One Ping
Thu May 17, 2018 6:10 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Value Premium Lives!
Replies: 39
Views: 3074

Re: Larry Swedroe: Value Premium Lives!

willthrill81 wrote:
Wed May 16, 2018 9:24 pm
Interestingly, the equities in Paul Merriman's UBH portfolio are 50% blend and 50% value, in addition to 50% large cap and 50% small cap.
... and, diversifying even further, 50% US and 50% International. :happy
by One Ping
Thu May 17, 2018 5:56 pm
Forum: Investing - Help with Personal Investments
Topic: Friend says "Stock market will crash, invest in silver" - thoughts?
Replies: 127
Views: 8175

Re: Friend says "Stock market will crash, invest in silver" - thoughts?

Noob question :-) A highly respected friend of mine is an expert in macroeconomics, and warned me to stay away from stocks. He said that come October or March next year, there are likely to be big crashes. Well, which is it, October or March? His crystal ball must be hazy if he's not so sure. :twis...
by One Ping
Thu May 17, 2018 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: IRMAA automatically determined/updated annually?
Replies: 6
Views: 567

Re: IRMAA automatically determined/updated annually?

The real risk is underestimating the 2020 MAGI value and then blowing through it. If you just use the unadjusted 2019 value ($170,000) you would probably only be leaving a few $K of potentially unused limit value on the table. Say inflation for September 2018 through August 2019 is actually 3.0%. Th...
by One Ping
Thu May 17, 2018 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: IRMAA automatically determined/updated annually?
Replies: 6
Views: 567

Re: IRMAA automatically determined/updated annually?

... right? One Ping Maybe. The IRMAA tiers are supposed to resume cost of living adjustments starting in 2020. I don't know what that means yet as regards one's MAGI for 2018 and 2019... Yes, you are correct, of course. I haven't heard how that will be implemented either. Since Medicare MAGI's were...
by One Ping
Thu May 17, 2018 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: IRMAA automatically determined/updated annually?
Replies: 6
Views: 567

Re: IRMAA automatically determined/updated annually?

Sec. 1839(i)(4)(B)(i) (i) In general.—In applying this subsection for an individual’s premiums in a month in a year, subject to clause (ii) and subparagraph (C), the individual’s modified adjusted gross income shall be such income determined for the individual’s last taxable year beginning in the s...
by One Ping
Thu May 17, 2018 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Can co-executor appoint an acting co-executor?
Replies: 7
Views: 610

Re: Can co-executor appoint an acting co-executor?

OP here. We have since found that she actually died intestate (bad info from her before she died, i.e., what she wanted it to be vs what it actually was.) That makes everything more straightforward, if potentially a bit more tedious.

Thanks, all.
by One Ping
Thu May 17, 2018 11:26 am
Forum: Personal Finance (Not Investing)
Topic: IRMAA automatically determined/updated annually?
Replies: 6
Views: 567

IRMAA automatically determined/updated annually?

I have not been able to find a definitive answer to this question. I have Roth conversions to do over the next several years that will cause us to 'break' the MFJ $170K IRMAA amount in at least one year. I have always presumed that for the years after that, when we are again below the $170K level, t...
by One Ping
Mon May 14, 2018 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: Can co-executor appoint an acting co-executor?
Replies: 7
Views: 610

Re: Can co-executor appoint an acting co-executor?

People can decline to serve as executor. Either your friend or the eldest son could decline and allow the other person to be sole executor. Does the will have contingent executors beyond the two co-executors? If not, then the court may have to appoint someone to take his place. I don't believe he c...
by One Ping
Mon May 14, 2018 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to define "rich"?
Replies: 32
Views: 2390

Re: Best way to define "rich"?

chevca wrote:
Mon May 14, 2018 4:39 pm
Those that are truly rich don't need a definition of it, probably.
This. In other words, if you have to, or want to, ask ... you aren't.
by One Ping
Mon May 14, 2018 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Can co-executor appoint an acting co-executor?
Replies: 7
Views: 610

Can co-executor appoint an acting co-executor?

The Problem : We had a friend die last night. A mutual friend of the woman who died and ours, together with the eldest surviving son, are named as a co-executors / personal representatives. The woman who died had 3 sons total, all of whom are estranged from each other and very antagonistic toward e...
by One Ping
Wed May 02, 2018 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Ally asking CURRENT customer to provide SSN card?
Replies: 58
Views: 4275

Re: Ally asking CURRENT customer to provide SSN card?

I hope they don't ask me for mine as I lost my SS card decades ago. I have not been asked for mine since I believe my first job in high school (four decades ago). I too haven't seen mine in decades. I'm sure I couldn't find it, if I even have it, any more. One interesting thing to note, I didn't ev...
by One Ping
Tue May 01, 2018 11:16 am
Forum: Investing - Theory, News & General
Topic: Trinity Study updated to 2018
Replies: 156
Views: 16322

Re: Trinity Study updated to 2018

https://www.kitces.com/wp-content/uploads/2014/04/Retirement-Spending-Smile-Blanchett-Morningstar.png https://www.kitces.com/blog/estimating-changes-in-retirement-expenditures-and-the-retirement-spending-smile/ Interestingly, many mistakenly believe that spending goes up from age 75, but that's fal...
by One Ping
Sun Apr 29, 2018 11:20 pm
Forum: Personal Consumer Issues
Topic: My first week of cycling in Slovenia and Croatia
Replies: 16
Views: 2685

Re: My first week of cycling in Slovenia and Croatia

Miriam2 wrote:
Sun Apr 29, 2018 1:44 pm
We enjoy so much bicycling "with" you wherever you go 8-)
Ditto!! 8-) :happy
by One Ping
Sat Apr 28, 2018 11:42 pm
Forum: Forum Issues and Administration
Topic: New "Feature" Request
Replies: 3
Views: 599

Re: New "Feature" Request

The little up caret in the lower right of each post takes me back to the top of the page without having to scroll all the way back to the top.
by One Ping
Sat Apr 28, 2018 11:38 pm
Forum: Investing - Theory, News & General
Topic: White Coat Investor Interviews Paul Merriman
Replies: 37
Views: 6619

Re: White Coat Investor Interviews Paul Merriman

It's hard to convince a man who's been successfully market timing for more than 35 years that it doesn't 'work'. If you mean 'work' to be earning significantly higher returns than buy-and-hold, then Paul would say that's not what he means. By 'work', he means that he's had returns very similar to b...
by One Ping
Wed Apr 18, 2018 9:56 am
Forum: Investing - Help with Personal Investments
Topic: I want to pay off my mortgage. Am I crazy?
Replies: 54
Views: 5808

Re: I want to pay off my mortgage. Am I crazy?

bloom2708 wrote:
Wed Apr 18, 2018 8:56 am
It makes no sense to pay off a mortgage, except it is a wonderful event. Check the box. Cross if off your bucket list. Get rid of the hassle.

Pay it off.

Re-visit 1 year later. If you miss it, then get a new mortgage.
:D :beer
by One Ping
Tue Apr 10, 2018 3:48 pm
Forum: Investing - Theory, News & General
Topic: "Don't Use the 200-Day Moving Average as a Sell Signal" - Ben Carlson
Replies: 35
Views: 2550

Re: "Don't Use the 200-Day Moving Average as a Sell Signal" - Ben Carlson

willthrill81 wrote:
Tue Apr 10, 2018 3:36 pm
Trend following is much more about avoiding downside risk than increasing returns.
I have a friend who uses trend following and this is exactly why he uses it.
by One Ping
Wed Apr 04, 2018 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Question [spousal benefit]
Replies: 24
Views: 1255

Re: Social Security Question [spousal benefit]

FYI - Vested1's caveat in blue above is essentially the same as saying "those who's FRA is 67 or greater" cannot file a restricted application. When you look at the FRA vs. birthdate chart on the SS website, 1954 is when the FRA changes from 66y 10mo to 67. Actually the FRA for someone born in 1954...
by One Ping
Tue Apr 03, 2018 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Question [spousal benefit]
Replies: 24
Views: 1255

Re: Social Security Question [spousal benefit]

If you were to pass before her (after 70 ) she would get your benefit at the time of your passing (survivor benefit) and lose whatever benefit she had at that time . I think the highlighted part above is true only if her benefit at the time of his passing is less than 50% of what her survivor benef...
by One Ping
Tue Apr 03, 2018 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Question [spousal benefit]
Replies: 24
Views: 1255

Re: Social Security Question [spousal benefit]

I just want to make sure that by taking the spousal benefit at age 64, prior to full retirement age, I won't reduce my own benefit at age 70. Is that the case? The rules have changed... (for those younger than age 62 on 1/2/2016) you cannot take a benefit restricted to only your spouse's earning re...
by One Ping
Tue Apr 03, 2018 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Question [spousal benefit]
Replies: 24
Views: 1255

Re: Social Security Question [spousal benefit]

If you were to pass before her (after 70 ) she would get your benefit at the time of your passing (survivor benefit) and lose whatever benefit she had at that time . I think the highlighted part above is true only if her benefit at the time of his passing is less than 50% of what her survivor benef...
by One Ping
Tue Apr 03, 2018 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Question [spousal benefit]
Replies: 24
Views: 1255

Re: Social Security Question [spousal benefit]

Sorry vested1, I was typing when you posted. :beer
by One Ping
Tue Apr 03, 2018 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Question [spousal benefit]
Replies: 24
Views: 1255

Re: Social Security Question [spousal benefit]

Ok, let me make sure I understand. She can file at 67 and get her full benefit. But if I want to delay to age 70 to get the extra 24%, then I cannot get a spousal benefit prior to age 70. When I file at age 70, then my wife's benefit will get increased to 50% of my benefit. Is all of that correct? ...
by One Ping
Mon Apr 02, 2018 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion Question
Replies: 7
Views: 482

Re: Roth Conversion Question

One thing you can do, if you don't need the RMD to live on, is to use it to make a Qualified Charitable Distribution (QCD) to a qualified charity. For amounts up to $100K the distribution from your tax-deferred IRA is not taxed.

One Ping
by One Ping
Sun Apr 01, 2018 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion
Replies: 3
Views: 387

Re: Roth Conversion

Has the retiree portfolio model in the BH wiki, specifically the roth conversion section, been updated, if necessary, for the new tax law changes? It appears it has. From the Retiree Model Portfolio thread (first post): "A new version of the Retiree Portfolio Model model is now available. This incl...
by One Ping
Sun Apr 01, 2018 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: SS Survivor Benefit Eligibility
Replies: 4
Views: 422

Re: SS Survivor Benefit Eligibility

JW-Retired wrote:
Sun Apr 01, 2018 2:56 pm
Yes, unless she had a larger benefit herself, the basic monthly amount he was receiving will be her basic amount as a survivor.
JW
Correct.
JohnFiscal wrote:
Sun Apr 01, 2018 3:02 pm
Assuming that her parents were legally married.
60+ years. :happy
by One Ping
Sun Apr 01, 2018 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: SS Survivor Benefit Eligibility
Replies: 4
Views: 422

Re: SS Survivor Benefit Eligibility

Think I may have (finally) found the answer to my question. From the POMS ( § 404.335. How do I become entitled to widow's or widower's benefits? ) "We will find you entitled to benefits as the widow or widower of a person who died fully insured if you meet the requirements in paragraphs (a) through...
by One Ping
Sun Apr 01, 2018 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: SS Survivor Benefit Eligibility
Replies: 4
Views: 422

SS Survivor Benefit Eligibility

I'm asking this question for my SIL. Her father died in February and the question is about her mother's eligibility to receive a survivor benefit. Both are/were over 70 and at least her father was receiving SS . Don't know (for sure) if her mother was receiving a SS benefit or not. I don't want to b...
by One Ping
Thu Mar 08, 2018 8:45 pm
Forum: Personal Consumer Issues
Topic: Is near FI + Employment almost as good as Retirement?
Replies: 39
Views: 4550

Re: Is near FI + Employment almost as good as Retirement?

I can only tell you my story ... I had sort of made an 'academic hobby' of retirement planning for many years. In late 2012 I had an idea that I'd probably retire in a few years. I thought over that Christmas break, just for kicks, I'd put a little finer point on the planning. The first thing I thou...
by One Ping
Tue Feb 27, 2018 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Filing Restricted SS Application - Language Check
Replies: 27
Views: 2418

Re: Filing Restricted SS Application - Language Check

Since I kicked-off this thread I thought I would provide an update on what happened ... basically nothing unusual to report! :D I applied on-line, got a confirmation in the mail a few days/weeks later (I don't remember exactly), called the agent listed on the confirmation notice to "confirm" everyth...
by One Ping
Mon Feb 26, 2018 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Paying estimated taxes for MRD
Replies: 8
Views: 751

Re: Paying estimated taxes for MRD

The default assumption is that your earnings are distributed evenly during the yr so if you pay accordingly, you should be ok.......that is pay 4 equal installments at the appropriate times. If you can arrange to pay all your fed tax via withholding (SS, pension, etc.) throughout the year you do no...
by One Ping
Fri Feb 23, 2018 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: How Do People Without Computer Access Prepare and File Their Taxes?
Replies: 53
Views: 3320

Re: How Do People Without Computer Access Prepare and File Their Taxes?

... A large number of low income seniors living primarily on SS benefits have zero refund/zero balance due because they generally don't get refundable credits, Medicare deals with their ACA coverage issues, and nontaxability of their SS due to low AGI means they often have gross income below filing...