Search found 3375 matches

by ResearchMed
Tue May 03, 2016 9:01 am
Forum: Personal Consumer Issues
Topic: I bought the wrong car - know it after 15 days
Replies: 63
Views: 4424

Re: I bought the wrong car - know it after 15 days

It's also too low to the ground and harder to get in and out of than the Lexus ES350. I'm just trying to see how not to take a real bath on a car I've had for 15 days. If you are particular in your vehicles, my suggestion for the next go around is to rent the same vehicle you want to buy for a week...
by ResearchMed
Tue May 03, 2016 7:24 am
Forum: Personal Consumer Issues
Topic: I bought the wrong car - know it after 15 days
Replies: 63
Views: 4424

Re: I bought the wrong car - know it after 15 days

It's also too low to the ground and harder to get in and out of than the Lexus ES350. I'm just trying to see how not to take a real bath on a car I've had for 15 days. If you are particular in your vehicles, my suggestion for the next go around is to rent the same vehicle you want to buy for a week...
by ResearchMed
Mon May 02, 2016 8:55 am
Forum: Personal Consumer Issues
Topic: How do Bogleheads TRAVEL?
Replies: 50
Views: 3645

Re: How to Bogleheads TRAVEL?

We've recently found that many of the hotels we prefer to stay at will "match the online rate" and give an additional 10% discount (and sometimes an upgrade). To do this, they must be able to go to <the low-price website> and see that price, at least in our recent experience. It took a ver...
by ResearchMed
Fri Apr 29, 2016 7:40 pm
Forum: Personal Consumer Issues
Topic: So, are Bogleheads Bourbon or Scotch drinkers?
Replies: 90
Views: 4110

Re: So,are Bogleheads Bourbon or Scotch drinkers?

Jack FFR1846 wrote:Neither.

I'm partial to diet coke. Probably saved $100k by not buying alcohol.


This, or fine wine.

(Minus the saving $$)

:happy

RM
by ResearchMed
Fri Apr 29, 2016 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Problem with my father's LTC insurer
Replies: 8
Views: 599

Re: Problem with my father's LTC insurer

You wrote: "...I proposed this solution to the insurance company: Mail my dad's checks to me, and I'll send them along to the bank branch where my mother does business, and they'll deposit them into her account. I'm already doing this with Penn Treaty's checks to my mother, who has in-home care...
by ResearchMed
Thu Apr 28, 2016 6:54 pm
Forum: Investing - Theory, News & General
Topic: When to begin taking Social Security payments?
Replies: 31
Views: 1631

Re: When to begin taking Social Security payments?

One serious consideration if you are planning to wait until age 70 to begin taking SS benefits is that you may not receive what you were promised. This has happened to me. I turned 70 last June and began taking SS benefits for the first time. For the past ten months I have received the full retirem...
by ResearchMed
Thu Apr 28, 2016 6:10 pm
Forum: Investing - Help with Personal Investments
Topic: Help getting out of a tiaa traditional
Replies: 22
Views: 816

Re: Help getting out of a tiaa traditional

I'm in the process of moving money from tiaa to fidelity. Retirement is a long ways off and the fidelity spartan rates are so much better than anything that tiaa can offer. Tiaa is telling me that I can only move my traditional funds out over a 10 year period. Is this true? I guess if so, I should ...
by ResearchMed
Thu Apr 28, 2016 4:57 pm
Forum: Investing - Theory, News & General
Topic: Selling in May and Walking Away?
Replies: 83
Views: 6647

Re: Selling in May and Walking Away?

The Economist Intelligence Unit puts out a monthly overview, the latest dated last week. The summaries are available free. http://gfs.eiu.com/Article.aspx?articleType=rf&articleid=564149040&secId=4 You'll forgive me if I take their forecast over yours. :P That's some mighty specific forecas...
by ResearchMed
Thu Apr 28, 2016 3:23 pm
Forum: Investing - Theory, News & General
Topic: When to begin taking Social Security payments?
Replies: 31
Views: 1631

Re: When to begin taking Social Security payments?

Appreciate all posts so far. RM: current forecast SS benefits at FRA: $2,700 for me, $1,000 for my wife. Look at your age 70 benefits. That's what the longer-lived of the two of you could get "for life", and don't forget... this is COLA'd. It's a good deal, especially since it doesn't app...
by ResearchMed
Thu Apr 28, 2016 3:07 pm
Forum: Investing - Theory, News & General
Topic: When to begin taking Social Security payments?
Replies: 31
Views: 1631

Re: When to begin taking Social Security payments?

Appreciate all posts so far. RM: current forecast SS benefits at FRA: $2,700 for me, $1,000 for my wife. Look at your age 70 benefits. That's what the longer-lived of the two of you could get "for life", and don't forget... this is COLA'd. It's a good deal, especially since it doesn't app...
by ResearchMed
Thu Apr 28, 2016 2:50 pm
Forum: Investing - Theory, News & General
Topic: When to begin taking Social Security payments?
Replies: 31
Views: 1631

Re: When to begin taking Social Security payments?

Don't forget about survivor benefits. Do you and your wife earn about the same, or is there a significant difference in the SS benefits you'll each get? The survivor will get the benefits that the higher earner was getting, even if that was "the other spouse". So the lifetime of the longes...
by ResearchMed
Thu Apr 28, 2016 9:08 am
Forum: Investing - Theory, News & General
Topic: McKinsey report on diminishing returns
Replies: 91
Views: 5646

Re: McKinsey report on diminishing returns

Excellent report, thanks for posting it, Robert T. For financial planning, it seems prudent for investors, whether in the accumulation stage or the retirement stage, to use the slow-growth scenario (in orange below) — about 4.5% real return for stocks and 0% real return for bonds. There actually se...
by ResearchMed
Thu Apr 28, 2016 6:26 am
Forum: Personal Finance (Not Investing)
Topic: End of life situation and handling IRA
Replies: 24
Views: 2019

Re: End of life situation and handling IRA

I forgot to mention: If you are able to get a Power of Attorney executed, make SURE that it is a DURABLE Power of Attorney (DPoA). And if you do find the PoA, and it is not "Durable", try to get a new one executed while your father is still able to do that. It sounds like your father might...
by ResearchMed
Wed Apr 27, 2016 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: End of life situation and handling IRA
Replies: 24
Views: 2019

Re: End of life situation and handling IRA

My 70 year old father has been in poor health for sometime, and while the news changes every day I'm potentially faced with an end of life situation over the next few months due to cancer. I could use some guidance about how to handle his IRA, things that aren't easily found in a google search. Her...
by ResearchMed
Wed Apr 27, 2016 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Medical Billing Practices
Replies: 26
Views: 1804

Re: Medical Billing Practices

The closest thing to this we are seeing is the need sometimes to pay any co-pay *before* being seen. In the past (I don't remember quite when this changed), we'd pay nothing at time of service, and then get a bill later, and we'd pay anything left that was still due. The co-pay, deductible, whatever...
by ResearchMed
Wed Apr 27, 2016 10:45 am
Forum: Investing - Theory, News & General
Topic: Schwab ends load fund access
Replies: 8
Views: 778

Re: Schwab ends load fund access

Having never purchased a load fund, I'm not quite sure how they "work". Who, exactly, benefits from the load, and will thus lose if load funds aren't available? Does a sales agent split it with his/her agency and also with the fund family? If one is purchasing from Schwab, say, online, the...
by ResearchMed
Wed Apr 27, 2016 8:56 am
Forum: Investing - Theory, News & General
Topic: Schwab ends load fund access
Replies: 8
Views: 778

Schwab ends load fund access

"Schwab shuns load funds in DOL's wake Mutual funds with sales loads to come off the shelves May 2" http://www.investmentnews.com/article/20160427/FREE/160429943/schwab-shuns-load-funds-in-dols-wake?utm_source=BreakingNews-20160427&utm_medium=email&utm_campaign=investmentnews&u...
by ResearchMed
Tue Apr 26, 2016 1:33 pm
Forum: Personal Consumer Issues
Topic: Women business clothes - what brands make the right impression?
Replies: 57
Views: 4639

Re: Women business clothes - what brands make the right impression?

I understand. Many people won't or will say you should ignore folks who are so shallow as to notice, etc., but in the real world, it happens, as you heard. And men do it too. I was absolutely flabbergasted many decades ago (age showing!) when I had decided to wear the same outfit "again", ...
by ResearchMed
Tue Apr 26, 2016 11:18 am
Forum: Investing - Help with Personal Investments
Topic: Help with Mom's Portfolio - Annuities
Replies: 15
Views: 1265

Re: Help with Mom's Portfolio - Annuities

All annuities are inferior financial products. She should get into stock and bond index funds. This video pretty much says it all about variable annuities... https://www.youtube.com/watch?v=ZulYOxPaoA8 Whoa... ALL annuities are "inferior financial products" or "all variable annuities...
by ResearchMed
Mon Apr 25, 2016 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: SS question before new changes after 4/29/16
Replies: 4
Views: 520

Re: SS question before new changes after 4/29/16

Thanks for the handholding! I went to a luckily close by SS office and after a long wait was told to apply online and to be sure to complete the application by clicking the submit button. The application does not seem to have a provision for filing and suspending, and phoning the SS office didn't h...
by ResearchMed
Fri Apr 22, 2016 9:07 am
Forum: Personal Consumer Issues
Topic: Quick, healthy dinner resources and tips
Replies: 15
Views: 1342

Re: Quick, healthy dinner resources and tips

Two careers and two now teen kids, and we've eaten dinner together nearly every night....homemade prob >80% of the time. We just made the usual (scratch) soups and pasta sauce recipes in double or triple batches, often on weekends if we were busy, and then had v quick dinners during the week. Also,...
by ResearchMed
Sun Apr 17, 2016 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Last minute tax questions about selling a home!
Replies: 3
Views: 358

Re: Last minute tax questions about selling a home!

A friend sold a home in NJ this year. She did not live in NJ at all in 2015 and made no gain on the sale of the of home, but still had to post two payments to the State of New Jersey: 1. A "Realty Transfer Fee" which is computed in the same way as a tax, but doesn't actually appear to be ...
by ResearchMed
Sat Apr 16, 2016 8:38 am
Forum: Investing - Help with Personal Investments
Topic: Count TIAA Traditional towards the bond allocation?
Replies: 17
Views: 948

Re: Count TIAA Traditional towards the bond allocation?

The non-liquid form of TIAA Traditional should be treated like a bond fund with a duration of 4.5 years. The reason is that you can't take all the money out; you take 10% out today, and another 10% every year for nine years. If rates rise, you have to accept the lower rate for 0-9 years each on 1/1...
by ResearchMed
Sat Apr 16, 2016 7:29 am
Forum: Personal Consumer Issues
Topic: Buying the most expensive house on the street?
Replies: 34
Views: 4586

Re: Buying the most expensive house on the street?

My wife and I are actively home shopping in advance of relocating to a new state. We know the area we are moving to generally, but not so much the specific neighborhoods. Last week I was out there on business and or real estate agent showed me a couple houses, two of which were nearly identical (sa...
by ResearchMed
Fri Apr 15, 2016 11:05 am
Forum: Investing - Theory, News & General
Topic: Self Directed IRA question
Replies: 17
Views: 952

Re: Self Directed IRA question

First, you'll need to find a company to be the custodian, serving a function similar to what Vanguard does for regular retirement accounts. Those aren't inexpensive, and some were clearly, er, dicey. Thank you. The company I found charges $275 per year regardless of the total assessets. There are a...
by ResearchMed
Fri Apr 15, 2016 10:25 am
Forum: Investing - Theory, News & General
Topic: Self Directed IRA question
Replies: 17
Views: 952

Re: Self Directed IRA question

Wiki defines a Self Directed IRA as one "which allows alternative investments for retirement savings. Some examples of these alternative investments are: real estate, private mortgages, private company stock, oil and gas limited partnerships, precious metals, horses, and intellectual." Do...
by ResearchMed
Thu Apr 14, 2016 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card cancelled
Replies: 71
Views: 4493

Re: Credit card cancelled

I'm looking for support in my plan now. I'm trying to get the rewards cards but that might take a week or two and it don't bother me. I am paying the power bill on my card. I may add more later but it's sizable and will be zeroed at months end every month automatically. I got a car loan for 12 mont...
by ResearchMed
Thu Apr 14, 2016 3:31 pm
Forum: Personal Consumer Issues
Topic: What should a solar power system cost?
Replies: 13
Views: 718

Re: What should a solar system cost?

Well, given that it includes a sun and lots of planets and...... if you have to ask... :happy Sorry... I couldn't resist with that header! RM You beat me to it. I was going to ask how many planets, presuming a solar system with many planets would cost more than one with less. Yours is better! :D RM
by ResearchMed
Thu Apr 14, 2016 3:10 pm
Forum: Personal Consumer Issues
Topic: What should a solar power system cost?
Replies: 13
Views: 718

Re: What should a solar system cost?

A nonprofit I care deeply about (and whose board I serve on) is considering whether to invest in a solar system and I am considering how much to offer to contribute. A committee has been working on this for over five years (some of the delay due to financial constraints at the time) and currently h...
by ResearchMed
Thu Apr 14, 2016 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: Bogleheads view on Fixed Annuity?
Replies: 18
Views: 1470

Re: Bogleheads view on Fixed Annuity?

The T-Flex annuity is a fixed annuity in the savings phase. See this Bogleheads wiki page. https://www.bogleheads.org/wiki/Fixed_annuity The Metlife Asset Allocation 60 Portfolio is a subaccount of a variable annuity in the savings phase. See this Bogleheads wiki page. https://www.bogleheads.org/wi...
by ResearchMed
Wed Apr 13, 2016 4:36 pm
Forum: Investing - Help with Personal Investments
Topic: I'll be a Boglehead Friday. Any advice?
Replies: 93
Views: 6347

Re: I'll be a Boglehead Friday. Any advise?

WOW! That's a little harsh. Is it really better to do 2% CD's? Is it a Vanguard broker? Yes he is This means that the agent works AT Vanguard, right, and not simply that he "sells Vanguard funds/products", correct? Vanguard doesnt' have any regular offices, so this would be a phone appoin...
by ResearchMed
Wed Apr 13, 2016 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card cancelled
Replies: 71
Views: 4493

Re: Credit card cancelled

I don't understand why you care what the interest rate is on the card you were offered if you don't plan to use it. I have a credit card that I use for every possible purchase and pay off in full each month. Until a few minutes ago, when I checked because I was curious after seeing this post, I had...
by ResearchMed
Wed Apr 13, 2016 3:32 pm
Forum: Investing - Help with Personal Investments
Topic: I'll be a Boglehead Friday. Any advice?
Replies: 93
Views: 6347

Re: I'll be a Boglehead Friday. Any advise?

RUN!!! If you're too tired to run, HIDE!!! Cancel the appointment, change your phone number, move to a new address. Think of dealing with this broker the chance to simply give all your money to him instead of to your kids someday. I honestly feel you'd be better off putting the money into an Ally 5...
by ResearchMed
Wed Apr 13, 2016 11:32 am
Forum: Investing - Help with Personal Investments
Topic: Transitioning to 3 fund portfolio - Sell energy now?
Replies: 15
Views: 941

Re: Transitioning to 3 fund portfolio - Sell energy now?

They were an inflation and diversity play in a portfolio of approximately 10 funds. Is it because inflation has been low that you think you don't need to plan for it? Or you think stocks alone may do the trick? If you did not have that 8% in those three ETF's, but as cash now... would you NOW purch...
by ResearchMed
Wed Apr 13, 2016 10:21 am
Forum: Investing - Help with Personal Investments
Topic: Transitioning to 3 fund portfolio - Sell energy now?
Replies: 15
Views: 941

Re: Transitioning to 3 fund portfolio - Sell energy now?

I am in the process of transitioning to a 3 or 4 fund Vanguard portfolio. I am actually all the way there except for 3 energy/commodity/natural resource ETFs I have. They are IXC, IGE,DBC. I have about 8% of my total portfolio in them. They are way down (20-40%). My question is, do I just dump them...
by ResearchMed
Wed Apr 13, 2016 10:06 am
Forum: Investing - Help with Personal Investments
Topic: Bogleheads view on Fixed Annuity?
Replies: 18
Views: 1470

Re: Bogleheads view on Fixed Annuity?

I am helping a relative out who had asked me for a little help organizing her finances. She is a single school teacher in her early 60s who is thinking about retiring in 3 or 4 years. Of course I asked about was what her retirement savings looks like. She didn't know much of anything about the spec...
by ResearchMed
Wed Apr 13, 2016 10:02 am
Forum: Personal Consumer Issues
Topic: Considering new approach to credit card churning
Replies: 22
Views: 2554

Re: Considering new approach to credit card churning

When you wrote "... I will have to guess which airline I want to commit to, transfer my points to that airline before I lose them..." - I think you are making it sound more restrictive than it probably is. Once you've transferred those points to one airline, there are probably *many* othe...
by ResearchMed
Wed Apr 13, 2016 8:29 am
Forum: Personal Consumer Issues
Topic: Considering new approach to credit card churning
Replies: 22
Views: 2554

Re: Considering new approach to credit card churning

I have been churning credit cards successfully for years now and reaped the benefits...I travel annually to South America and Europe, never pay airfare, and have stayed in beautiful hotels "for free", for at least a decade now. That said, in the last few years I have gotten more aggressiv...
by ResearchMed
Tue Apr 12, 2016 11:50 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card cancelled
Replies: 71
Views: 4493

Re: Credit card cancelled

That probably works well for you but I actually don't buy stuff like most people. My wife and I are both executives with company cars for perks including fuel. We bought new cars in 2003 and both are still pretty much new. Mine is the most used and it has 43k miles with half being put on it the fir...
by ResearchMed
Tue Apr 12, 2016 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card cancelled
Replies: 71
Views: 4493

Re: Credit card cancelled

Just found out my only personal credit card is cancelled. They reviewed my account because of lack of use and discovered my credit score was to low for their standards. They did offer me a new card at 15% interest! I cant repeat what I told them but it wasn't pleasant at all. Can my credit score re...
by ResearchMed
Tue Apr 12, 2016 8:57 am
Forum: Investing - Theory, News & General
Topic: what is the draw of active management?
Replies: 37
Views: 2025

Re: what is the draw of active management?

There could be a legitimate case to be made for higher income people who will have a higher marginal tax rate in retirement to make a portion of their retirement investments in taxable. This is because all withdrawals from tax deferred accounts are taxes at higher ordinary income tax rates. Whereas...
by ResearchMed
Mon Apr 11, 2016 7:08 pm
Forum: Investing - Theory, News & General
Topic: what is the draw of active management?
Replies: 37
Views: 2025

Re: what is the draw of active management?

I've recently been researching disability insurance (found some great threads on here, by the way!) and sent a message to MassMutual asking for a quote. They must outsource it, because the guy who called me back was a local independent agent. I had actually been looking for an independent agent and...
by ResearchMed
Mon Apr 11, 2016 2:18 pm
Forum: Personal Consumer Issues
Topic: Are any OTC drugs and vitamins U.S.P.-labelled any more?
Replies: 34
Views: 1187

Re: The vanishing of USP drugs?

That's my concern, and same with UL for electric. Who is 'checking', until there is some catastrophic failure (fire?), and then the "evidence" is, literally, toast. :wink: RM When I was involved in engineering UL certified products there was definitely third party testing involved. This w...
by ResearchMed
Mon Apr 11, 2016 12:48 pm
Forum: Investing - Theory, News & General
Topic: Annuities and longevity risk, analyzing the problem
Replies: 45
Views: 3703

Re: Annuities and longevity risk, analyzing the problem

Anyone have data on the range of fees, returns, etc in deferred annuities? I'm also troubled by the default risk in annuity companies... are they insured by something like the Pension Benefit Guaranty Corporation? If interest rates and returns go down, can't the annuity company just file for bankru...
by ResearchMed
Mon Apr 11, 2016 12:25 pm
Forum: Investing - Theory, News & General
Topic: Annuities and longevity risk, analyzing the problem
Replies: 45
Views: 3703

Re: Annuities and longevity risk, analyzing the problem

ResearchMed, the "rational decumulation" paper cited by Larry, various papers on "money's worth" analysis of annuities as cited e.g. by Vanguard, here , and some crude amateur stuff I did with a spreadsheet all come to the same conclusion--commercially available annuities seem t...
by ResearchMed
Mon Apr 11, 2016 12:05 pm
Forum: Investing - Theory, News & General
Topic: Annuities and longevity risk, analyzing the problem
Replies: 45
Views: 3703

Re: Annuities and longevity risk, analyzing the problem

Larry, would my little thought experiment be a starting point for trying to evaluate if the cost of a deferred annuity was at least vaguely sensible? It should be an underestimate, as there are investment returns but no mortality credits for the part not put initially in the deferred annuity. But th...
by ResearchMed
Mon Apr 11, 2016 12:00 pm
Forum: Personal Consumer Issues
Topic: Are any OTC drugs and vitamins U.S.P.-labelled any more?
Replies: 34
Views: 1187

Re: The vanishing of USP drugs?

I think all the USP listing means is that the manufacturer claims to have followed a precise set of standards for how a drug is supposed to be purified, manufactured, and prepared. And that someone has tested to make if a drug is actually manufactured according to that spec, it is effective. I don'...
by ResearchMed
Mon Apr 11, 2016 10:04 am
Forum: Investing - Theory, News & General
Topic: Annuities and longevity risk, analyzing the problem
Replies: 45
Views: 3703

Re: Annuities and longevity risk, analyzing the problem

Sorry I must not have articulated this well. Scenario 1 - Age 65 Buy deferred Annuity to kick in at 85, spend the balance of my portfolio to 0. Scenario 2 - Spend 80% of my money from age 65 to 85, then annuitize the rest via SPIA at 85. ----- I the insurance company is giving you some sort of retu...
by ResearchMed
Mon Apr 11, 2016 9:35 am
Forum: Personal Consumer Issues
Topic: Are any OTC drugs and vitamins U.S.P.-labelled any more?
Replies: 34
Views: 1187

Re: The vanishing of USP drugs?

https://en.wikipedia.org/wiki/United_States_Pharmacopeia Maybe you should next check all your electric devices to see if they are UL listed? L. :) The link includes this statement near the top: "Prescription and over-the-counter medicines available in the United States must, by federal law, me...
by ResearchMed
Sun Apr 10, 2016 11:00 am
Forum: Investing - Help with Personal Investments
Topic: Investing for son in law retirement - Gifttrusts?
Replies: 12
Views: 1193

Re: Investing for son in law retirement - Gifttrusts?

My wife and I would like to gift him some money to help him fund his retirement...We do not want to put him in our wills or trusts "His retirement"? "Him in our wills or trusts"? Wouldn't you be helping with "their" retirement? In many states, inheritances are not cons...

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