Search found 110 matches

by Prudence
Sat Jan 16, 2016 12:20 pm
Forum: Investing - Theory, News & General
Topic: I'm sitting here watching FOX Business...14200??
Replies: 92
Views: 7534

Re: I'm sitting here watching FOX Business...14200??

Maynard F. Speer wrote:Apologies for more noise ..

But I make it that 14,000 is about where the S&P 500 should be today

Earnings downgrades, overshooting and a buying opportunity, I'd hope to see it hit about 11-12,000


I agree with you. Thanks.
by Prudence
Mon Dec 07, 2015 11:29 am
Forum: Personal Finance (Not Investing)
Topic: SS File and Suspend
Replies: 3
Views: 356

SS File and Suspend

I retire on April 1, 2016 and will be age 70 in December 2016. I planned to start receiving SS in January 2017. Today, I tried to file and suspend using the online website (so my wife can start receiving a spousal benefit in August 2016). I did not see a way to file and suspend online. What did I mi...
by Prudence
Sun Dec 06, 2015 11:35 am
Forum: Investing - Theory, News & General
Topic: Are Equities Overpriced?
Replies: 58
Views: 5011

Re: Are Equities Overpriced?

Yes, as of Friday, equity prices were frothy. So, over the short term, there could be a 50% drop in prices any time for a number of reasons. If you are a long term buy and hold investor with a horizon of 10+ years, you should be ok.
by Prudence
Wed Dec 02, 2015 9:56 am
Forum: Investing - Theory, News & General
Topic: Rick Ferri's Portfolio
Replies: 197
Views: 65102

Re: Rick Ferri's Portfolio

All things equal, I wonder if Rick will stay at 100% equities into retirement. In other words, when he reaches age 69 and beyond (I turn 69 next week so I am interested)? I would think so.
by Prudence
Wed Nov 18, 2015 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Help for Sister in Law
Replies: 27
Views: 3248

Re: Help for Sister in Law

First, figure out her budget and assets. Your goal should be to find a way so that she breaks even every month while getting her basic needs taken care of and living a frugal lifestyle. No more, no less. It sounds like you're in a very high cost of living area with that rent for 1 bedroom. I take i...
by Prudence
Mon Nov 09, 2015 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Help for Sister in Law
Replies: 27
Views: 3248

Re: Help for Sister in Law

Very helpful. This feedback is giving me reason to hope that we can do something that is manageable. Thank you.
by Prudence
Mon Nov 09, 2015 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Help for Sister in Law
Replies: 27
Views: 3248

Re: Help for Sister in Law

Thank you all for your kind and thoughtful suggestions. There are many ideas that I hadn't thought of. As you recommended, we will first make an appointment with the local social services advisor(s) on elderly, low income, and disability benefits and programs and take it from there.
by Prudence
Sun Nov 08, 2015 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Changes to Social Security
Replies: 449
Views: 34589

Re: Changes to Social Security

This is great news. Your reviewing my specific situation really helps because the rules seem so complex and almost contradictory. Thank you Mike.
by Prudence
Sun Nov 08, 2015 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Changes to Social Security
Replies: 449
Views: 34589

Re: Changes to Social Security

Me: will be 69 in December; will retire in March and file and suspend until age 70.
Wife: age 64; will file restricted application at FRA (July 2017) and take spousal benefit until age 70.
Still ok under the changes?
Thx,
Jim
by Prudence
Sun Nov 08, 2015 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Help for Sister in Law
Replies: 27
Views: 3248

Help for Sister in Law

My SIL, who is 65, currently rents a 1 BR apt about 15 miles away. Her only income is SS. She has very significant health issues including mental and has not worked in decades. She needs significant financial and other assistance and is about to give up. We are trying to decide on how to help her wi...
by Prudence
Wed Oct 28, 2015 10:32 am
Forum: Personal Finance (Not Investing)
Topic: SS Survivor Benefit
Replies: 3
Views: 387

SS Survivor Benefit

My SS statement says my spouse will get a survivor benefit, at her FRA, if I die. Typically, will she also be able to receive her own SS annuity in addition?
by Prudence
Fri Sep 11, 2015 4:08 pm
Forum: Investing - Help with Personal Investments
Topic: Fed Rate Hike Question
Replies: 29
Views: 2757

Re: Fed Rate Hike Question

Marathon's calculations were showing a loss in both funds. Do you think total bond market fund would have the greater risk (loss) because of the longer average duration?
by Prudence
Fri Sep 11, 2015 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: Fed Rate Hike Question
Replies: 29
Views: 2757

Re: Fed Rate Hike Question

This is very helpful. Seems to provide some evidence that, if there is a series of minimum hikes over the next two or three years, an investment in one of these funds will be worth less at the end of that time than before the hikes begin. I understand that there are a million variables that can affe...
by Prudence
Thu Sep 03, 2015 2:52 pm
Forum: Investing - Help with Personal Investments
Topic: Fed Rate Hike Question
Replies: 29
Views: 2757

Re: Fed Rate Hike Question

livesoft, don't you mean buy after the price dips after the announcement, then sell a few months later, or, hold until the next expected hike approaches?
by Prudence
Thu Sep 03, 2015 9:56 am
Forum: Investing - Help with Personal Investments
Topic: Fed Rate Hike Question
Replies: 29
Views: 2757

Re: Fed Rate Hike Question

Thanks all.
by Prudence
Thu Sep 03, 2015 8:07 am
Forum: Investing - Help with Personal Investments
Topic: Fed Rate Hike Question
Replies: 29
Views: 2757

Fed Rate Hike Question

If the Fed were to raise the fed funds rate by 0.25%, what would be the estimated effect to the price of a short term bond fund such as VG Admiral ST Treasuries and would the full adjustment happen immediately?
by Prudence
Tue Sep 01, 2015 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security and future COLA increases
Replies: 23
Views: 2337

Re: Social Security and future COLA increases

Biased by recent experience in the US, I use a flat 2% assumption, and fear that may be too high.
by Prudence
Fri Aug 28, 2015 2:41 pm
Forum: Investing - Theory, News & General
Topic: Cash is king over short-term bonds
Replies: 86
Views: 9246

Re: Cash is king over short-term bonds

I am holding cash in banks in order to get a guaranteed interest rate of at least 1 percent. But, on Monday I found out that I could not execute an ETF buy transaction instantaneously (must call Vanguard concierge and get bank approval over phone etc.). I don't like this situation, so I am thinking ...
by Prudence
Tue Aug 25, 2015 6:36 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Question
Replies: 1
Views: 297

Vanguard Question

I would like to purchase shares in a VG ETF using cash that is in my on-line savings account at a bank. It appears that I can do this if I purchase shares of a VG mutual fund but not an ETF. Just wondering if anyone has any experience with this.
by Prudence
Fri Jul 31, 2015 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Medicare Part A
Replies: 1
Views: 215

Medicare Part A

When I turned 65 I signed up for this. I work full time and have medical insurance at work like any other employee. AETNA made Medicare secondary insurer. My doctor prescribed a costly drug for me. The drug manufacturer provides a "cost reduction" card (a subsidy) to eligible persons. The ...
by Prudence
Tue Apr 28, 2015 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Benefits
Replies: 5
Views: 1196

Re: Social Security Benefits

My wife and I have separate earnings records. Does anyone know if the separate benefit of one spouse would be capped or reduced by SSA because of some relationship or combination of the two benefits?
by Prudence
Tue Apr 28, 2015 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Benefits
Replies: 5
Views: 1196

Social Security Benefits

On my SS Statement, under the heading Survivors, it states that total family benefits cannot be more than $4,702 per month. Does this limit apply only to total survivor benefits? Is there a limit on the total per month that my spouse and I can receive in retirement benefits? For example, at age 70, ...
by Prudence
Thu Mar 12, 2015 7:59 am
Forum: Investing - Theory, News & General
Topic: 100% Stocks Long Term Pro/Con
Replies: 51
Views: 4470

Re: 100% Stocks Long Term Pro/Con

Yes..
by Prudence
Sat Feb 21, 2015 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security for a Younger Spouse, Delay to 70 still good
Replies: 19
Views: 2064

Re: Social Security for a Younger Spouse, Delay to 70 still

Bahama man, yes I agree with you. I am 68, wife is 63 and we plan to follow your strategy.
by Prudence
Fri Jan 23, 2015 2:13 pm
Forum: Investing - Theory, News & General
Topic: TIPs, what do they really add
Replies: 33
Views: 3294

Re: TIPs, what do they really add

I am sorry, can someone please refresh me regarding the tax implications, which was a turnoff for me regarding TIPs. Assuming inflation, I recall that the adjusted increase in the principal is subject to federal tax (as ordinary income?). Not sure about state tax (I live in Maryland). If this is som...
by Prudence
Mon Jan 19, 2015 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Decision time- lump sum vs pension
Replies: 12
Views: 1293

Re: Decision time- lump sum vs pension

I am in a similar situation as you except my pension, when I retire, will be about half yours. If you decide to take the lump sum, how do you plan to handle the federal and state taxes? Not looking for a detailed answer. Thx.
by Prudence
Wed Aug 27, 2014 12:01 pm
Forum: Investing - Theory, News & General
Topic: What's "The Herd" doing today?
Replies: 52
Views: 4093

Re: What's "The Herd" doing today?

The heard is and has been responding to Fed zero interest rate policy by buying stocks and avoiding long term bonds.
by Prudence
Thu Aug 14, 2014 8:07 pm
Forum: Personal Consumer Issues
Topic: Golf School Recommendations, East Coast?
Replies: 11
Views: 1128

Re: Golf School Recommendations, East Coast?

Yes go to Orlando FL and find one i.e. Ledbetter. But, afterwards you must find time to play and practice what you have been instructed. Good luck.
by Prudence
Wed Jul 09, 2014 12:32 pm
Forum: Investing - Theory, News & General
Topic: Is Market on "Wrong Side of History"?
Replies: 22
Views: 2848

Re: Is Market on "Wrong Side of History"?

The market would probably be 1,000 or 2,000 points lower right now if not for extreme Fed policies. So, a plunge followed by a long flat if not down market is sure to happen when the Fed is forced to reverse course by some event such as an unexpected spike in inflation. The boglehead approach is to ...
by Prudence
Thu Jun 19, 2014 8:48 am
Forum: Personal Finance (Not Investing)
Topic: combined family maximum SS [Social Security]
Replies: 28
Views: 4393

Re: combined family maximum SS [Social Security]

Do family maximum rules apply to husbands and wives, or is it just when there are children or dependents involved? For example, my wife and I both plan to delay SS until we reach age 70. Are we subject to family maximum limits?
by Prudence
Mon Jun 02, 2014 6:48 am
Forum: Investing - Theory, News & General
Topic: GE Capital Retail Bank 5-Year 2.3% CD
Replies: 75
Views: 10134

Re: GE Capital Retail Bank 5-Year 2.3% CD

Kevin, this is very valuable information and analysis. Many thanks. Jim
by Prudence
Wed May 28, 2014 7:33 am
Forum: Personal Finance (Not Investing)
Topic: POD (Pay on Death)
Replies: 16
Views: 2281

POD (Pay on Death)

After death and the funds transfer to the beneficiary, what are the possible federal and tax liabilities, if any, for the deceased estate or the beneficiary? I live in Maryland. Are the answers the same for the TOD (transfer on death)?
by Prudence
Tue May 13, 2014 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Ally account - Beneficiary question
Replies: 19
Views: 1517

Re: Ally account - Beneficiary question

Please note that if there are beneficiaries designated, then the account will be insured under the
revocable trust ownership category.
[/quote]

So if I open a single account and have my spouse and child as beneficiaries in a POD, the account is insured to $750,000?
by Prudence
Tue May 13, 2014 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: Ally account - Beneficiary question
Replies: 19
Views: 1517

Re: Ally account - Beneficiary question

Buffetologist wrote:We have our kids as beneficiaries.

My understanding is that the FDIC limit = 250K x (number of account holders + number of beneficiaries).

Therefore with 2 kids, isn't our Ally FDIC limit 1 million?


Is this correct???
by Prudence
Wed Apr 23, 2014 11:25 am
Forum: Investing - Theory, News & General
Topic: Please explain a 3% SWR to me
Replies: 92
Views: 23289

Re: Please explain a 3% SWR to me

On why 3% would only last 30 years, look at the cumulative inflation from 1970 t0 1990 to see where the compounded earnings went. As mentioned, that 3% was boosted by inflation for each year of retirement. The final withdrawals were several multiples of the initial amounts. I would assume with a 10...
by Prudence
Fri Apr 18, 2014 10:02 am
Forum: Investing - Help with Personal Investments
Topic: Bernstein retirement plan
Replies: 41
Views: 7961

Re: Bernstein retirement plan

Fellow Bogleheads, I'm retiring this year and have set up my assets in a similar manner....25 X annual expenses in CD's, treasuries, AAA insured municipal bonds, $100K emergency fund in MM accounts, and the remainder in Vanguard Total Stock Market Fund... Provides for a comfortable retirement AND a...
by Prudence
Thu Apr 17, 2014 2:12 pm
Forum: Investing - Theory, News & General
Topic: Barclays CD 60-month at 2.25% APY
Replies: 16
Views: 1919

Re: Barclays CD 60-month at 2.25% APY

Also consider I Bonds, for which your return will be linked to inflation, state tax-free, and Federally tax-deferred. Annual purchase limit is $10K per individual, and you can buy an additional $10K for your living trust. According to another thread, the rate starting May 1 will be in the ballpark ...
by Prudence
Fri Apr 11, 2014 12:18 pm
Forum: Investing - Help with Personal Investments
Topic: Worth $1.6m but clueless on investments
Replies: 20
Views: 5525

Re: Worth $1.6m but clueless on investments

Vanguard TSM or S&P 500 fund would be fine. Given what you have accumulated now, you have an opportunity to build a very considerable retirement. I would take full advantage of the resources on this site in order to set up a good plan. You are way over-weighted in real estate so you should consi...
by Prudence
Thu Mar 13, 2014 8:05 am
Forum: Personal Consumer Issues
Topic: Marvin vs. Andersen Windows: The Eternal Struggle
Replies: 42
Views: 25527

Re: Marvin vs. Andersen Windows: The Eternal Struggle

About five years ago, I got bids from several companies to replace all of our windows (house built in 1970) and chose Anderson Renewal. We decided to go with the best because the house is such an important asset. The windows were very expensive. Quality is excellent. Appearance is amazingly good. Th...
by Prudence
Wed Mar 05, 2014 9:08 am
Forum: Investing - Help with Personal Investments
Topic: stayed out of the market, what to do now?
Replies: 64
Views: 8832

Re: stayed out of the market, what to do now?

OP, the AA guidance on this site says that every investor needs to have at least 25% of his/her portfolio in equities. Given your age, I would devise a plan to get to 25% asap. After a while, if you find that you can live with that, then perhaps revise your plan to get to 40% - 50% and leave it ther...
by Prudence
Wed Feb 05, 2014 2:05 pm
Forum: Personal Consumer Issues
Topic: Fortune Article on Social Security
Replies: 6
Views: 1603

Re: Fortune Article on Social Security

However, when the wife and husband both turn 70, my understanding is that the wife can then collect 132% but the husband will forever be collecting at a reduced rate since he originally claimed it at 66 as part of the spousal benefit. This would be true if he originally claimed before his FRA (66 o...
by Prudence
Wed Jan 29, 2014 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Annual gifting to children
Replies: 30
Views: 3136

Re: Annual gifting to children

Besides the annual gifts a grandparent could additionally pay directly for private school tuition and for medical expenses. Those direct payments do not count against the annual gift limits. My child has a $20,000 student loan. If I pay it all off as a "gift", is that a gift subject to th...
by Prudence
Fri Dec 27, 2013 9:37 pm
Forum: Investing - Theory, News & General
Topic: Putting together my annual list of sure things
Replies: 25
Views: 2651

Re: Putting together my annual list of sure things

Stated on npr's nightly business report today (December 27): "It's a stock picker's market (i.e. Cisco, Oracle, IBM)". A real gem.
by Prudence
Fri Dec 27, 2013 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: 2013 Gift
Replies: 11
Views: 1142

Re: 2013 Gift

Where does she live? The laws of her state will govern what is separate property and what is not. In my state, a community property state, the income from separate property, e.g., an inheritance or gift, is separate property, but in other community property states the income from separate property i...
by Prudence
Fri Dec 27, 2013 7:47 am
Forum: Personal Finance (Not Investing)
Topic: 2013 Gift
Replies: 11
Views: 1142

2013 Gift

I live in Maryland and am thinking about making last minute gift to my daughter. Obviously, I have not given this any thought. Does she have to deposit the check in 2013 for tax purposes? She and her husband established a 529 and I could contribute to that. But, can I establish a 529 as grand parent...
by Prudence
Thu Dec 19, 2013 1:08 pm
Forum: Personal Consumer Issues
Topic: Tipping Movers
Replies: 41
Views: 2619

Re: Tipping Movers

I tipped movers on a move from one house to another. Also, another time I tipped two guys who removed a 700 pound piano from my house without scratching a thing. Usually these guys work incredibly hard for little pay, so I feel good about tipping.
by Prudence
Mon Dec 09, 2013 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Question - Delaying Until 70
Replies: 29
Views: 2045

Social Security Question - Delaying Until 70

Here is a 12/5/2013 quote from Allan Sloan article in The Washington Post: "But of course there’s a risk: If you don’t collect anything and you die at, say, 69 and 11 months, you (and your survivors) get nothing. It’s what’s known in the insurance biz as mortality risk". I think he is sayi...
by Prudence
Sun Nov 24, 2013 8:26 pm
Forum: Personal Consumer Issues
Topic: New job in DC - where to live
Replies: 34
Views: 2795

Re: New job in DC - where to live

Strongly suggest Arlington VA near Court House or Balston metro stations for you
by Prudence
Mon Oct 28, 2013 2:18 pm
Forum: Personal Consumer Issues
Topic: Am I the only scifi fanatic who thinks that Gravity is lame?
Replies: 102
Views: 5673

Re: Am I the only scifi fanatic who thinks that Gravity is l

Nisi, they filmed the landing on Lake Powell.

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