Search found 345 matches

by Prudence
Mon May 21, 2018 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a Vacation Rental Property as an Investment
Replies: 51
Views: 3569

Re: Buying a Vacation Rental Property as an Investment

This is a very timely post. My daughter wants us to partner with her on buying a vacation house which she (and us) would use for occasional getaways and vacations and rent out for short term rentals. So, maybe she would rent it out for 60 or 70 days a year (probably in the summer) or whatever the ma...
by Prudence
Thu May 03, 2018 10:53 am
Forum: Personal Consumer Issues
Topic: id.me
Replies: 5
Views: 854

id.me

Yesterday I made an online purchase and the company offers a 15% discount to military veterans. To get the discount I would have had to log in to id.me and enter my SSN and upload a copy of my DD214. I was nervous about sharing this info so I skipped the discount. Do any of you have any experience, ...
by Prudence
Mon Apr 30, 2018 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Gift Question [Gift Tax]
Replies: 30
Views: 1670

Re: Gift Question [Gift Tax]

Interesting. Maybe they can qualify to buy this second home and make the down payment on their own and then after the sale is completed I could then give her the gift (so they can replenish their funds).
by Prudence
Sun Apr 29, 2018 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Gift Question [Gift Tax]
Replies: 30
Views: 1670

Re: Gift Question

Thanks all!
J
by Prudence
Sun Apr 29, 2018 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Gift Question [Gift Tax]
Replies: 30
Views: 1670

Re: Gift Question

So, we can give my daughter $70,000 plus and she can use the funds for whatever?
by Prudence
Sun Apr 29, 2018 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Gift Question [Gift Tax]
Replies: 30
Views: 1670

Gift Question [Gift Tax]

I am retired. My daughter needs about $70,000 for the down payment to buy a second home in Virginia. We all live in Maryland. I can give her the money but would rather not have any legal ownership responsibility (i.e. our names not on the deed etc.). I don't want to pay any gift tax. Maryland and Vi...
by Prudence
Sat Apr 21, 2018 6:04 pm
Forum: Investing - Theory, News & General
Topic: Why is the SEC yield the one that Vanguard displays?
Replies: 39
Views: 3943

Re: Why is the SEC yield the one that Vanguard displays?

I agree Kevin. (I was confused by your previous comments that institutional investors would have already anticipated and priced in the future increase in rates; I thought this meant that the bond fund price would not be negatively impacted when the rate increase actually occurred).
by Prudence
Sat Apr 21, 2018 5:54 pm
Forum: Personal Consumer Issues
Topic: Medicare Questions
Replies: 49
Views: 3304

Re: Medicare Questions

To the OP, I would not do ANYTHING until you get the EOB from medicare and your supplement. Then make sure it is accurate. Word to the wise for ALL consumers never pay a medical bill unless your EOB confirms the same. Good luck. Good advice, that is what I plan to do. Since I wrote my post I have i...
by Prudence
Sat Apr 21, 2018 9:52 am
Forum: Investing - Theory, News & General
Topic: Why is the SEC yield the one that Vanguard displays?
Replies: 39
Views: 3943

Re: Why is the SEC yield the one that Vanguard displays?

Very clear as usual Kevin. If rates (say ten year Treasury) are expected to increase one percent in one year and they do, does this mean that the share price (return) of the fund should not be adversely impacted?
by Prudence
Fri Apr 20, 2018 7:50 am
Forum: Investing - Theory, News & General
Topic: Why is the SEC yield the one that Vanguard displays?
Replies: 39
Views: 3943

Re: Why is the SEC yield the one that Vanguard displays?

Does SEC yield assume no changes in interest rates (since they cannot be predicted)? So, suppose I buy a bond fund with a 3% SEC Yield and average duration of six years. If market interest rates drop one percent and I sell my position one year later, will my yield be negative for the time I held the...
by Prudence
Thu Apr 19, 2018 8:40 am
Forum: Personal Consumer Issues
Topic: Medicare Questions
Replies: 49
Views: 3304

Re: Medicare Questions

<r><QUOTE author="Spirit Rider" post_id="3885367" time="1523981053" user_id="717"><s> </s> Also, there are actually three categories of Medicare billing from providers:<LIST type="decimal"><s> </s> <LI><s> </s>Accept assignment: They agree to accept Medicare payment schedules including deductibles a...
by Prudence
Tue Apr 17, 2018 5:43 pm
Forum: Personal Consumer Issues
Topic: Medicare Questions
Replies: 49
Views: 3304

Re: Medicare Questions

SpiritRider, So you mean that only category 1 or 2 could apply in our case, correct? See the following Medicare.gov link Lower costs with assignment What to know about private contracts You can't be asked to sign a private contract for emergency or urgent care. Ok, read it, thanks. I wonder if ther...
by Prudence
Tue Apr 17, 2018 1:46 pm
Forum: Personal Consumer Issues
Topic: Medicare Questions
Replies: 49
Views: 3304

Re: Medicare Questions

Also, there are actually three categories of Medicare billing from providers: Accept assignment: They agree to accept Medicare payment schedules including deductibles and co-payments/co-insurance. Plan G will pay everything Medicare doesn't pay except for the Part B deductible. Do not accept assign...
by Prudence
Tue Apr 17, 2018 12:06 pm
Forum: Personal Consumer Issues
Topic: Medicare Questions
Replies: 49
Views: 3304

Re: Medicare Questions

Thanks all. Great stuff!
J
by Prudence
Tue Apr 17, 2018 9:37 am
Forum: Personal Consumer Issues
Topic: Medicare Questions
Replies: 49
Views: 3304

Re: Medicare Questions

Good point. I was concerned about that too. Under the circumstances (to the ER and then straight to surgery), we were not offered any choices regarding things like anesthesiologists, so I am wondering where we might have messed up or how to handle this proactively the next time this happens.
by Prudence
Tue Apr 17, 2018 8:56 am
Forum: Personal Consumer Issues
Topic: Medicare Questions
Replies: 49
Views: 3304

Medicare Questions

My wife (age 66) had surgery several days ago and this is the first time we have used Part A. When she was admitted to the hospital ER we gave them the insurance information. We have Medicare, Supplemental Plan G with Carefirst and Plan D. I just received a bill from the anesthesia doctor for April ...
by Prudence
Mon Apr 02, 2018 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion Question
Replies: 7
Views: 475

Re: Roth Conversion Question

Your assumptions are correct, provided you take your entire RMD first each calendar year before doing any Roth conversions. But why drive your tax bill higher after age 70? And possibly your Medicare IRMAA tier as well? I'm 68 and doing modest Roth conversions the past few years. But once 2020 gets...
by Prudence
Mon Apr 02, 2018 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion Question
Replies: 7
Views: 475

Re: Roth Conversion Question

Suppose an individual is 71 and has a traditional IRA (all pre-tax). And suppose, going forward, based on the new Federal tax law, he and his spouse (married filing jointly) will be paying either the 22% or 24% tax rate on each required mandatory distribution (RMD). The 24% tax bracket applies to i...
by Prudence
Mon Apr 02, 2018 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion Question
Replies: 7
Views: 475

Re: Roth Conversion Question

Those who are subject to RMD must take RMD first before doing any Roth conversions. The RMD cannot be converted to Roth. In your example, where they convert 150K to stay in the 24% bracket should be adjusted to 150K of additional income where conversion amount is 150K - RMD amount. Having higher AG...
by Prudence
Mon Apr 02, 2018 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion Question
Replies: 7
Views: 475

Roth Conversion Question

Suppose an individual is 71 and has a traditional IRA (all pre-tax). And suppose, going forward, based on the new Federal tax law, he and his spouse (married filing jointly) will be paying either the 22% or 24% tax rate on each required mandatory distribution (RMD). The 24% tax bracket applies to in...
by Prudence
Sun Apr 01, 2018 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion
Replies: 3
Views: 380

Re: Roth Conversion

PFInterest wrote:
Sun Apr 01, 2018 3:36 pm
You just use the new bracket #'s.
I am sorry I don't understand. Do you mean that I should go into the model and change the bracket numbers or is there some way to select them in the model (seems like the 2017 bracket numbers are no longer relevant for the Roth conversion part).
by Prudence
Sun Apr 01, 2018 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion
Replies: 3
Views: 380

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? I wonder if I can use it to help calculate or analyze a roth conversion (from tIRA to Roth IRA) for the 2018 tax year? https://www.bogleheads.org/wiki/Re...
by Prudence
Wed Mar 28, 2018 6:00 pm
Forum: Investing - Help with Personal Investments
Topic: Questions on TIPS
Replies: 25
Views: 1964

Re: Questions on TIPS

So my question on TIPS is in the context of taking out a fixed amount of money from a TIPS investment and keeping up with inflation for that period of time. Specifically, Lets say I have 1.8 million and want to withdraw 120k every year for the next 15 years and keep up with inflation. Am I correct ...
by Prudence
Sun Mar 25, 2018 8:02 am
Forum: Personal Finance (Not Investing)
Topic: Document Retention Question
Replies: 4
Views: 542

Re: Document Retention Question

Should I keep the original documents or just scanned to the cloud?
Thanks
by Prudence
Sat Mar 24, 2018 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Document Retention Question
Replies: 4
Views: 542

Document Retention Question

We (wife and me) live in Maryland. We bought a house in 1976 and sold it in 1980 when we bought another house which we still live in. We paid off the mortgage in early 2017. Is there any reason that we should keep the documents (we still have them in a file cabinet) relative to the first house that ...
by Prudence
Wed Mar 21, 2018 7:45 am
Forum: Personal Consumer Issues
Topic: SE Washington DC job - where to live?
Replies: 55
Views: 3291

Re: SE Washington DC job - where to live?

I think Metro and public transportation are high priced, unreliable, subject to substantial delays, and more and more, unsafe. So, if she has free parking, I would be inclined to live in Alexandria VA and commute by car.
by Prudence
Fri Mar 16, 2018 1:26 pm
Forum: Personal Consumer Issues
Topic: Thoughts on Myrtle Beach
Replies: 26
Views: 2813

Re: Thoughts on Myrtle Beach

I have visited MB many times for a one or two week vacation. I love golf and the beach itself is great. If you are not into golf, I won't comment on that. Except for the beach, there is not much reason to be there. Tons of folks walk on the beach every day and they love it. MB is rather cold in the ...
by Prudence
Wed Mar 14, 2018 9:56 am
Forum: Personal Finance (Not Investing)
Topic: "An Ideal Retirement Spending Strategy?" (from Oblivious Investor)
Replies: 31
Views: 5126

Re: "An Ideal Retirement Spending Strategy?" (from Oblivious Investor)

I like the strategy except that recently, as influenced by the comments of Buffet and others, I am inclined to substitute cash equivalents for bonds in the risk portfolio. So, instead of going 60/40 or 50/50 stocks/bond allocation, I think it makes more sense to go, for example, 80/20 stocks/cash eq...
by Prudence
Fri Feb 16, 2018 8:48 am
Forum: Investing - Help with Personal Investments
Topic: Torn between Vanguard, Fidelity and Schwab
Replies: 169
Views: 16697

Re: Torn between Vanguard, Fidelity and Schwab

I am currently at Vanguard. Are there any noticeable differences in the three companies regarding establishing beneficiaries and/or TODs (transfer on death) on your accounts (e.g. does one or another offer more or less restrictive options)?
by Prudence
Fri Feb 16, 2018 8:41 am
Forum: Investing - Help with Personal Investments
Topic: Torn between Vanguard, Fidelity and Schwab
Replies: 169
Views: 16697

Re: Torn between Vanguard, Fidelity and Schwab

How would one go about moving assets out of Vanguard into Schwab , for example? Would he/she need to sell VTSAX, pay capital gains and then buy Schwab Total Market or can one just keep move VTSAX to Schwab and pay the same expense ration and no fees just like at Vanguard? My plan is to have Vanguar...
by Prudence
Thu Feb 15, 2018 9:26 am
Forum: Personal Consumer Issues
Topic: Work-out schedule for those in 60s
Replies: 78
Views: 6730

Re: Work-out schedule for those in 60s

Another question. After lifting I have been taking GNC ANC Extreme 60 protein supplement for many years now. So, maybe two or three times per week. I am 71. I wonder if at this age I should stop the supplement or modify the routine. I eat plenty of protein (eggs, chicken, fish etc.). The Extreme 60 ...
by Prudence
Tue Feb 13, 2018 10:40 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard TIPS
Replies: 10
Views: 1039

Re: Vanguard TIPS

Where would there be available info. on setting up a TIPS ladder. And, if you don't mind my asking dbr, what do you do? Thanks much. FYI, this thread includes a posting with a spreadsheet to assist with building a TIPs bond ladder using secondary market TIPs. https://www.bogleheads.org/forum/viewto...
by Prudence
Sun Feb 11, 2018 8:47 am
Forum: Investing - Theory, News & General
Topic: Why should we care about inflation?
Replies: 58
Views: 5329

Re: Why should we care about inflation?

JBTX wrote: The problem is if inflation does rear its head, I tend to think there will be hesitation to fight it too aggressively like Volcker did in the 80's. Growth will probably already be lower due to factors above, and with high levels of government debt around the world, a signfiicant rise in...
by Prudence
Sat Feb 10, 2018 10:12 am
Forum: Investing - Theory, News & General
Topic: Matching a TIPS bond ladder with ST and LT TIPS bond funds
Replies: 98
Views: 5184

Re: Matching a TIPS bond ladder with ST and LT TIPS bond funds

You have to update the weights at least quarterly ... Be aware that adjusting the duration of the funds more frequently reduce s, but does not eliminate , interest rate risk. To see this I constructed a very hypothetical example. It assumes one wants to have $1,000 (inflation adjusted) in four year...
by Prudence
Fri Feb 09, 2018 12:04 pm
Forum: Investing - Theory, News & General
Topic: Matching a TIPS bond ladder with ST and LT TIPS bond funds
Replies: 98
Views: 5184

Re: Matching a TIPS bond ladder with ST and LT TIPS bond funds

Thanks for taking the time to do this, I really appreciate it! From reading the thread, I can see that this is mimicking a 20 year TIPs bond ladder efficiently. It appears that in the first five years I would be making withdrawals from the IT fund. So, if interest rates are rising during this perio...
by Prudence
Fri Feb 09, 2018 8:56 am
Forum: Investing - Theory, News & General
Topic: Matching a TIPS bond ladder with ST and LT TIPS bond funds
Replies: 98
Views: 5184

Re: Matching a TIPS bond ladder with ST and LT TIPS bond funds

Suppose I need $10K a year for twenty years starting now.<br/> <br/> So, is the weighted duration of the TIPs funds today = 10 years (20/2=10)?<br/> <br/> For simplicity, should I invest three years ($30K) in a ST TIPs fund (duration 2.5 years), and the remainder ($170K) in the IT TIPs fund (durati...
by Prudence
Thu Feb 08, 2018 9:49 pm
Forum: Investing - Theory, News & General
Topic: Matching a TIPS bond ladder with ST and LT TIPS bond funds
Replies: 98
Views: 5184

Re: Matching a TIPS bond ladder with ST and LT TIPS bond funds

This seems complex. I readily admit that this is something most individual investors are not capable of doing. OTOH, it is not mind-numbingly complex if you understand basic finance. (You've mastered a beginning finance course at the undergrad level.) I want $10,000/yr for the next 15 years. How mu...
by Prudence
Thu Feb 08, 2018 6:45 pm
Forum: Investing - Theory, News & General
Topic: Matching a TIPS bond ladder with ST and LT TIPS bond funds
Replies: 98
Views: 5184

Re: Matching a TIPS bond ladder with ST and LT TIPS bond funds

Suppose I need $10K a year for twenty years starting now.<br/> <br/> So, is the weighted duration of the TIPs funds today = 10 years (20/2=10)?<br/> <br/> For simplicity, should I invest three years ($30K) in a ST TIPs fund (duration 2.5 years), and the remainder ($170K) in the IT TIPs fund (durati...
by Prudence
Thu Feb 08, 2018 3:02 pm
Forum: Investing - Theory, News & General
Topic: Matching a TIPS bond ladder with ST and LT TIPS bond funds
Replies: 98
Views: 5184

Re: Matching a TIPS bond ladder with ST and LT TIPS bond funds

<r><QUOTE author="bobcat2" post_id="3760917" time="1517698819" user_id="104"><s> </s> <QUOTE author="Raybo" post_id="3760897" time="1517697917" user_id="79"><s> </s> Suppose I need $15K a year starting in 5 years for the next 20 years? The “real interest” duration of Vanguard’s intermediate TIPS fun...
by Prudence
Wed Feb 07, 2018 10:14 pm
Forum: Investing - Theory, News & General
Topic: Matching a TIPS bond ladder with ST and LT TIPS bond funds
Replies: 98
Views: 5184

Re: Matching a TIPS bond ladder with ST and LT TIPS bond funds

I still don't understand for DIY if I should be taking out the periodic withdrawals as the same nominal amounts each time. That really doesn't make sense to me, since the objective is to match spending liabilities that will change based on inflation. If I wanted to provide $1,000 per year starting ...
by Prudence
Fri Feb 02, 2018 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Advice Regarding a Family Member's Expenses
Replies: 11
Views: 1186

Re: Advice Regarding a Family Member's Expenses

You are right and thank you.
by Prudence
Fri Feb 02, 2018 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Advice Regarding a Family Member's Expenses
Replies: 11
Views: 1186

Re: Advice Regarding a Family Member's Expenses

I appreciate all of your replies, very helpful. Her apartment is near the DC line in Montgomery County, MD. So far, I have not asked her too many detailed questions. My understanding is that she receives about $1,735.00 a month from the government which she uses for basics like rent and food, and, I...
by Prudence
Fri Feb 02, 2018 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Advice Regarding a Family Member's Expenses
Replies: 11
Views: 1186

Advice Regarding a Family Member's Expenses

My sister in law is now 68 and has had significant mental and physical health issues for many years. She has not worked for at least 20 years. She has no savings and gets by with social security (disability I think) and Medicaid. She lives in the Maryland suburbs in an apartment. She can't live on h...
by Prudence
Mon Jan 29, 2018 10:25 pm
Forum: Investing - Help with Personal Investments
Topic: Don't market time...i know, i know.
Replies: 34
Views: 4693

Re: Don't market time...i know, i know.

I have a retirement date about 2 yrs from now. The markets are beyond my wildest imagination; more in my nest egg than I need. Is there a way to 'set some aside'? Sure, flame me, but I've been an invest and hold guy for 30 yrs. Never touched my 95% equities holdings even during 2007 era. Now stocks...
by Prudence
Mon Jan 22, 2018 11:34 pm
Forum: Investing - Help with Personal Investments
Topic: bond allocation
Replies: 15
Views: 1240

Re: bond allocation

No, I am betting that bond yields will keep going up. My fixed allocation is in CDs now (and my stable value fund) because I am very pessimistic about bond funds. If I wished to have any bond fund at all which I don't I would go with the total bond index and stay far away from TIPs funds. I don't t...
by Prudence
Mon Jan 22, 2018 11:04 pm
Forum: Personal Consumer Issues
Topic: Work-out schedule for those in 60s
Replies: 78
Views: 6730

Re: Work-out schedule for those in 60s

I've recommended Body by Science and The High Intensity Fitness Revolution books previously. These two books transformed my workout and my physiology even though I had been working out for about 4 decades before reading THIFR and later reading BBS this summer. I've never looked better in all the ye...
by Prudence
Mon Jan 22, 2018 10:43 pm
Forum: Investing - Help with Personal Investments
Topic: bond allocation
Replies: 15
Views: 1240

Re: bond allocation

If this is an IRA and you will be holding the bond investment for at least six years, I would put all of it in VG total bond index fund. That is simpler. TIPs funds do not provide reliable protection against inflation and the yield is not commensurate with the risk or competitive with other fixed i...
by Prudence
Mon Jan 22, 2018 10:08 pm
Forum: Investing - Help with Personal Investments
Topic: bond allocation
Replies: 15
Views: 1240

Re: bond allocation

Thanks very much for your input. I'll have to do some research on this. Regards, Bill Dare If this is an IRA and you will be holding the bond investment for at least six years, I would put all of it in VG total bond index fund. That is simpler. TIPs funds do not provide reliable protection against ...
by Prudence
Mon Jan 22, 2018 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: Help with Real Estate in Montgomery County MD
Replies: 6
Views: 583

Re: Help with Real Estate in Montgomery County MD

I live about two miles from there. I would treat this sale like any other sale of a residence. Personally, that means finding a good realtor (I know several around here) and listing the property on the MLS. It could be sold as is or whatever makes sense. The critical goal is to ensure that the prope...
by Prudence
Mon Jan 15, 2018 8:54 am
Forum: Investing - Theory, News & General
Topic: What should I own on the bond side ???
Replies: 11
Views: 1846

Re: What should I own on the bond side ???

I do like VG Total Bond Market Index. A few posters have been saying that they would prefer CDs now over bond funds. I agree with them since I am assuming interest rates are more likely to go up rather than stay flat or go down. Suppose I invest $100,000 into a three year CD @ 2.2%, I will have abo...