Search found 1559 matches

by SGM
Fri Feb 12, 2016 5:47 am
Forum: Personal Finance (Not Investing)
Topic: What is your decline in Net Worth as of today?
Replies: 55
Views: 4418

Re: What is your decline in Net Worth as of today?

I never know my net worth. Portfolio size is down, but I don't add it up when the market is in a downward frenzy. Income is up in retirement. If I weren't retired I would be purchasing stock in a 401k and a taxable account regularly. The only thing I am looking at right now is the value of my 2015 R...
by SGM
Thu Feb 11, 2016 5:50 am
Forum: Personal Consumer Issues
Topic: The Retirement Problem: What Will You Do With All That Time?
Replies: 61
Views: 4534

Re: The Retirement Problem: What Will You Do With All That Time?

I am surprised at the statement in the article that “The least successful [people in retirement] are those who hated what they did to earn a living, and looked forward to a retirement when they could begin to do what they enjoyed." I read on this site about so many people who hated their work a...
by SGM
Wed Feb 10, 2016 6:06 pm
Forum: Investing - Theory, News & General
Topic: Excellent Article Explaining Ridiculous Vanguard Lawsuit
Replies: 5
Views: 759

Re: Vanguard's Low Blow

Thanks for posting the article Billy. It is hard to believe there are legitimate reasons to go after Vanguard for keeping ERs low. :shock:
by SGM
Tue Feb 09, 2016 5:35 pm
Forum: Investing - Theory, News & General
Topic: Why has Oil become such a dominant market influencer?
Replies: 66
Views: 3696

Re: Why has Oil become such a dominant market influencer?

The price of oil has always had a large effect on the markets. Now the price of oil is taken as a proxy for the health of emerging economies including China. OPEC has less control on the price of oil for a variety of reasons. Huge projects are being cancelled by the oil companies. Most industries ar...
by SGM
Sun Feb 07, 2016 4:47 pm
Forum: Investing - Help with Personal Investments
Topic: Moving from individual stocks to index funds
Replies: 6
Views: 639

Re: Moving from individual stocks to index funds

I would pull the stocks out in kind from the asset manager. You could have Vanguard handle the transfer. Then you could make partial sales over time to move the stocks into index funds to limit the tax hit. Right off the bat you are saving the 1% fee. With a 39.6% tax rate you have to pay the net in...
by SGM
Fri Feb 05, 2016 4:13 am
Forum: Investing - Help with Personal Investments
Topic: [Am I getting a bad deal from my financial planner?]
Replies: 58
Views: 3977

Re: [Am I getting a bad deal from my financial planner?]

You are getting a bad deal and are getting good advice here. Once you make your transfers out of you FA to a low cost provider you might consider putting more into tax advantaged accounts. You are already putting in the maximum for Roth accounts, but there are additional options. How about setting u...
by SGM
Thu Feb 04, 2016 4:52 pm
Forum: Investing - Theory, News & General
Topic: Delaying SS Benefits?
Replies: 25
Views: 1698

Re: Delaying SS Benefits?

I do compare delaying SS to what can be earned with a safe investment such as treasuries. With current low interest rates delaying SS is favored. You will be spending more now from your nest egg to delay SS from 62 to 70. However if you are long lived you may make up for that by taking less out of y...
by SGM
Thu Feb 04, 2016 5:03 am
Forum: Investing - Theory, News & General
Topic: "Money in the stock market isn't real money"
Replies: 55
Views: 5005

Re: "Money in the stock market isn't real money"

The statement is slightly inane. This is not a pearl of wisdom to live by. It is more worthy of Chicken Little than the AFLAC duck. Of course there is risk in putting money into the stock market. However, money sitting in the bank getting very low interest is dead money that is guaranteed to lose bu...
by SGM
Wed Feb 03, 2016 2:59 pm
Forum: Investing - Help with Personal Investments
Topic: How to allocate equities in TIAA-CREF 403(b)?
Replies: 19
Views: 1054

Re: How to allocate equities in TIAA-CREF 403(b)?

TIAA-CREF is through an institution with slightly lower R2 expense ratios. It started out all traditional TIAA and about 9 years ago was slowly changed to mostly CREF stock. The only deposits were made for a few years more than 30 years ago. The institution put in double the employee contribution. I...
by SGM
Tue Feb 02, 2016 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Silent Investor Owed Lots of Money
Replies: 33
Views: 2366

Re: Silent Investor Owed Lots of Money

This may be a Ponzi scheme and there may be other suckers.

Get an attorney involved and the sooner the better.
by SGM
Tue Feb 02, 2016 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Retired - do you still save?
Replies: 24
Views: 1974

Re: Retired - do you still save?

Many people are fortunate enough to have all their expenses exceeded by SS, pensions, and appreciation on their investments for some years during retirement. Subject to some exceptions I would obey the "pay taxes later" rule. For me an exception was to pay taxes out of taxable for Roth con...
by SGM
Mon Feb 01, 2016 5:05 pm
Forum: Investing - Theory, News & General
Topic: Jason Zweig's WSJ article about the best stock in the last 30 years
Replies: 9
Views: 1889

Re: Jason Zweig's WSJ article about the best stock in the last 30 years

I wasn't able to read the article until I found this title when googling the original title in the url above: No. 1 Stock Over 30 Years? You Will Never Guess
by SGM
Mon Feb 01, 2016 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Withdrawal strategy for tax exempt muni fund
Replies: 22
Views: 1600

Re: Retirement Withdrawal strategy for tax exempt muni fund

Muni bonds can help those in the 15% bracket too if it prevents them from having LT cap gains be taxed at 15% vs. 0% --Yes! or SS taxed at 50% vs. 0% --No! if their income goes above certain limits. Above $44k of income 85% of SS is taxed for married filing jointly. While it is true that tax-exempt...
by SGM
Sun Jan 31, 2016 11:54 am
Forum: Investing - Help with Personal Investments
Topic: Berkshire B or VDIGX dividend fund for IRA?
Replies: 3
Views: 466

Re: Berkshire B or VDIGX dividend fund for IRA?

Berkshire is better held in taxable accounts because there are no ongoing dividends to pay taxes on. Any capital gains for Berkshire held in a tax deferred account will be taxed at your marginal tax rate on withdrawal. I am just looking at this from a taxation point of view.
by SGM
Sun Jan 31, 2016 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Withdrawal strategy for tax exempt muni fund
Replies: 22
Views: 1600

Re: Retirement Withdrawal strategy for tax exempt muni fund

Muni bonds can help those in the 15% bracket too if it prevents them from having LT cap gains be taxed at 15% vs. 0% if their income goes above certain limits.

Edited: Corrected to reflect that muni interest is part of MAGI and effects SS taxation at certain income levels.
by SGM
Fri Jan 29, 2016 9:46 am
Forum: Investing - Help with Personal Investments
Topic: High Expense Ratios - Advice?
Replies: 23
Views: 1794

Re: High Expense Ratios - Advice?

Seriously look at maxing a traditional IRA then converting it to a Roth. This is the so called backdoor Roth. The Roth will grow tax free for many years. Recharacterization refers to changing the Roth back into a traditional IRA which can be done up until Oct 15 of the year following the set up of t...
by SGM
Fri Jan 29, 2016 5:46 am
Forum: Personal Finance (Not Investing)
Topic: Medicare Part B premiums
Replies: 33
Views: 2054

Re: Medicare Part B premiums

CMS or Medicare send you a letter stating that if something has changed such as retirement they may make an adjustment for a lower premium. I don't know how difficult it is to prove to them that your income has gone down due to retirement. At a minimum you would need a letter from your employer and ...
by SGM
Thu Jan 28, 2016 4:03 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard or Financial Adviser
Replies: 20
Views: 1984

Re: Vanguard or Financial Adviser

I think you are ahead of the game if you know that the deceased IRA owner's name must remain on the inherited IRA account title and the account title must indicate that it is an inherited IRA by using the word “beneficiary” or “beneficiary IRA” or “inherited IRA.” I read that a lot of people and com...
by SGM
Thu Jan 28, 2016 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Immediate Fixed Annuities
Replies: 45
Views: 2599

Re: Immediate Fixed Annuities

I am planning on getting quotes from immediateannuity.com, Vanguard, Fidelity and USAA should I decide on a SPIA for DW.
by SGM
Thu Jan 28, 2016 3:44 pm
Forum: Personal Consumer Issues
Topic: Can't read WSJ articles through Google anymore. Paywall change?
Replies: 15
Views: 1638

Re: Can't read WSJ articles through Google anymore. Paywall change?

I have seen this occasionally. Sometimes if I clean the registry and retry google it works for some WSJ articles. It doesn't seem to have anything to do with how new the article is. I suspect that WSJ wants some visits to full articles so as to attract potential subscribers.
by SGM
Thu Jan 28, 2016 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: Retired & Estimated tax payments ???
Replies: 27
Views: 1105

Re: Retired & Estimated tax payments ???

For years I kept W-2 income tax payments to a minimum and made quarterly payments. Now that I am retired I only make quarterly payments. I have made considerable effort to decrease my future taxes and Medicare premiums, including making Roth conversions in retirement prior to taking SS. Taxation is ...
by SGM
Tue Jan 26, 2016 3:56 am
Forum: Investing - Help with Personal Investments
Topic: Roll over my TIRA to a Roth?
Replies: 7
Views: 510

Re: Roll over my TIRA to a Roth?

Were these traditional IRAs deductible? If not then the taxable amount will be decreased by the basis. You would have had to fill out an 8606 for the back door conversions. Will you be moving to a lower tax state at any time? The longer you have the money in the Roth the more favorable the conversio...
by SGM
Mon Jan 25, 2016 5:58 pm
Forum: Investing - Help with Personal Investments
Topic: Should we do what our FA advises?
Replies: 52
Views: 3464

Re: Should we do what our FA advises?

I agree 2% fee is ridiculously high. Over the next 10 years it could cost you $100k in fees and more than that by the loss of returns from that $100k. The portfolio has needless complexity. You can get better advice here for free. I assume you went to this advisor because the stock market and old 40...
by SGM
Mon Jan 25, 2016 9:36 am
Forum: Personal Consumer Issues
Topic: Do you have or know anybody with rare coins?
Replies: 20
Views: 1516

Re: Do you have or know anybody with rare coins?

I don't collect coins, but had a relative who was an expert. Expect to get silver value for your coins unless you become educated in grading and consult with a reputable coin publication concerning current values. Sellers grade up and buyers grade down. Buys made from the uninitiated were incredibly...
by SGM
Sat Jan 23, 2016 10:54 am
Forum: Personal Consumer Issues
Topic: Retiring and people seem to avoid me
Replies: 66
Views: 7926

Re: Retiring and people seem to aviod me

Another always avoids me because he is short. Bizarre. How do you know this? He has volunteered this information several times. It was a surprise at first, but now I am acutely aware of his behavior if we meet at some event. Height difference is 1 foot or more. Or you need to shower more? Haha. I k...
by SGM
Sat Jan 23, 2016 9:58 am
Forum: Personal Consumer Issues
Topic: Retiring and people seem to avoid me
Replies: 66
Views: 7926

Re: Retiring and people seem to aviod me

island wrote:
SGM wrote:Another always avoids me because he is short.


Bizarre. How do you know this?


He has volunteered this information several times. It was a surprise at first, but now I am acutely aware of his behavior if we meet at some event. Height difference is 1 foot or more.
by SGM
Fri Jan 22, 2016 5:35 pm
Forum: Investing - Theory, News & General
Topic: Jack's nuances. [Jack Bogle vs. fixed income, bonds]
Replies: 44
Views: 3305

Re: Jack's nuances.

I have some intermediate muni bond fund, corporate bond fund, total market and a smaller international index fund amount. I certainly listen to Jack. I digest information and recommendations from several sources and then make my own decisions. I value dividends, but don't like the tax drag on divide...
by SGM
Fri Jan 22, 2016 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Changes to Social Security
Replies: 457
Views: 35464

Re: Changes to Social Security

I filed and suspended late last year on the internet. I did not give a bank account #. DW filed a restricted application at FRA late last year on the internet and did need a bank account#. Info regarding the marriage date, location, and whether it was a civil or religious ceremony was required. All ...
by SGM
Thu Jan 21, 2016 11:57 am
Forum: Personal Consumer Issues
Topic: Retiring and people seem to avoid me
Replies: 66
Views: 7926

Re: Retiring and people seem to aviod me

Retired for a year and a half now. I have been to several retirement parties and funerals since then. We have a couple of social workers who are getting up in age who seem to get people together for these events. They organized social events forever at the work location. I have a holiday party and i...
by SGM
Wed Jan 20, 2016 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Soc. Security File and Suspend Question
Replies: 5
Views: 300

Re: Soc. Security File and Suspend Question

1. As I understand it my potential benefits will continue to increase by 8% plus any inflation adjustments until I turn age 70, but what is the exact date when I should apply for benefits because my benefits will stop increasing? Is it the month before I turn 70, or some other month? You don't need...
by SGM
Wed Jan 20, 2016 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Social security restricted spousal benefits - does my husband need to know?
Replies: 35
Views: 2729

Re: Social security restricted spousal benefits - does my husband need to know?

DW received her first spousal benefit deposit today. I had to fill out a form on their website to file and suspend and it included questions regarding the marriage including the date, location and whether or not it was a civil or religious ceremony. DW then filed a restricted application which repea...
by SGM
Wed Jan 20, 2016 4:10 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones or Vanguard?
Replies: 53
Views: 4602

Re: Edward Jones or Vanguard?

I have received advice from Vanguard in terms of a review of my portfolio. A relative also received a review of his portfolio. This did not require using the advisor service. The plan was reasonable. I did get a chance to have a chat with a Vanguard advisor after the written plan. I was concerned ab...
by SGM
Wed Jan 20, 2016 6:00 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Spousal Claiming Experience
Replies: 3
Views: 478

Social Security Spousal Claiming Experience

We completed my file and suspension of SS and DW's restricted application just prior to her FRA online a few months ago. This went smoothly. First spousal deposit is due today from SS. The amount is a few dollars above what I calculated last year and well above DW's PIA on her own benefit. Yesterday...
by SGM
Wed Jan 20, 2016 5:10 am
Forum: Investing - Theory, News & General
Topic: Vanguard Overwhelmed!
Replies: 24
Views: 5543

Re: Vanguard Overwhelmed!

Vanguard is not the only firm to give me 1099 corrections. Last year I received some 1099 corrections after April 15th from more than one firm.
by SGM
Tue Jan 19, 2016 6:03 am
Forum: Personal Finance (Not Investing)
Topic: Tax Savings By Hiring Wife Solo 401k
Replies: 16
Views: 1223

Re: Tax Savings By Hiring Wife Solo 401k

You could always hire her part time and put a higher percentage of her income into the solo 401k if you are concerned about the higher FICA taxes. Also the SS taxes may decrease some of the zeroes in her highest 35 years of earned income used to calculate her benefit. I like the tax deferred growth ...
by SGM
Sun Jan 17, 2016 10:47 am
Forum: Investing - Help with Personal Investments
Topic: Buckets for a retiree?
Replies: 55
Views: 4751

Re: Buckets for a retiree?

I agree with delaying SS and taking a spousal at FRA. The" file and suspend" your benefits is over shortly. Timing is everything and April 29, 2016 is the deadline. If your spouse is 66 by April 29th he can file and suspend to provide you access to spousal benefits and allow your own benef...
by SGM
Sat Jan 16, 2016 7:07 pm
Forum: Investing - Help with Personal Investments
Topic: Buckets for a retiree?
Replies: 55
Views: 4751

Re: Buckets for a retiree?

A 7 year fixed annuity paying 4-6% makes me suspicious. USAA offers a 7 year fixed deferred savings annuity that pays less 1.7% for a $100k to $499k with a 3% bonus for the first year. You would need to deposit $1MM just to get 2%. Or are you planning on a single premium immediate annuity to buy in ...
by SGM
Thu Jan 14, 2016 10:26 pm
Forum: Investing - Help with Personal Investments
Topic: Nearing retirement-I don't know what I don't know!
Replies: 21
Views: 3221

Re: Nearing retirement-I don't know what I don't know!

"I don't know what I don't know." This is an excellent admission. Those that don't admit this end up doing something like buying equity index annuities despite FINRA warnings. Yesterday an associate admitted he lost $125k when he cashed out of his $300k equity index annuity within 3 years,...
by SGM
Wed Jan 13, 2016 9:21 am
Forum: Personal Consumer Issues
Topic: Safety of Windows Defender
Replies: 34
Views: 2501

Safety of Windows Defender

How safe is Windows Defender? Some young computer types are saying that is all that is needed for safe web surfing. I have seen some personal items show up as alternatives when I start to type on sites I previously trusted after relying on Windows Defender on a new computer using the latest version ...
by SGM
Tue Jan 12, 2016 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: Saving for the future vs you only live once
Replies: 72
Views: 7935

Re: Saving for the future vs you only live once

Strike a balance and don't compare yourself to others.
by SGM
Mon Jan 11, 2016 5:03 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 1438
Views: 275442

Re: What Movie Have You Recently Watched?

Big Short I compared notes to the many conversations I had with a bank examiner about the pending meltdown before it happened.

Brooklyn
Bridge of Spies
These two are excellent.
I am coming to the theaters later these days to avoid the inane and incessant trailers.
by SGM
Sun Jan 10, 2016 4:49 am
Forum: Personal Finance (Not Investing)
Topic: Bad health news, rethinking everything
Replies: 40
Views: 7160

Re: Bad he Lalth news, rethinking everything

Go to Amazon.com and use the keywords=first+do+no+harm++Australia

Read First Do No Harm Being a Resilient Doctor in the 21st Century by Leanne Rowe and Michael Kidd.
by SGM
Sat Jan 09, 2016 11:33 am
Forum: Investing - Theory, News & General
Topic: why do investors prefer cash dividends
Replies: 272
Views: 16263

Re: why do investors prefer cash dividends

This all reminds me of a scene from Blazing Saddles with all the cowboys sitting around the campfire eating beans. I can't stop the dividends from coming in. It seems they have grown extraordinarily over the last 5 years even with interest rates coming down. I just realized part of this is from beco...
by SGM
Fri Jan 08, 2016 9:55 am
Forum: Local Chapters and Bogleheads Community
Topic: Master thread for Washington DC Area Bogleheads
Replies: 61
Views: 10915

Re: Master thread for Washington DC Area Bogleheads

Are we meeting at the Arlington library on Sunday January 17? Any topics planned? Did you see Lydia and Victoria quoted in a Kiplinger article?
by SGM
Fri Jan 08, 2016 9:51 am
Forum: Investing - Theory, News & General
Topic: why do investors prefer cash dividends
Replies: 272
Views: 16263

Re: why do investors prefer cash dividends

The only problems I see with dividends are the ongoing taxes in taxable accounts and the danger of underperforming the total stock market with any kind of tilt at all. If you are taking out the dividends to spend as in retirement, I don't think it is particularly harmful. One could sell x number of ...
by SGM
Thu Jan 07, 2016 11:52 pm
Forum: Personal Consumer Issues
Topic: Tough Frugal Decisions
Replies: 80
Views: 11570

Re: Tough Frugal Decisions

This is what some of my friends did way back before they became Park Avenue lawyers and Wall Street types. Listen to the Hare Krishna people and get a free meal. Go to a now defunct Cambridge restaurant and eat very late for free food they otherwise would throw out on Sunday night only. Wait for som...
by SGM
Wed Jan 06, 2016 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: Incorporating your home into networth calculation
Replies: 100
Views: 4231

Re: Incorporating your home into networth calculation

I am just sort of brain storming: In terms of legacy it would be important to know the value of your home if you are splitting up assets, if one child gets the house and another gets an equivalent amount of cash or other assets. At what point you should pay get an appraisal? Probably get the apprais...
by SGM
Wed Jan 06, 2016 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Incorporating your home into networth calculation
Replies: 100
Views: 4231

Re: Incorporating your home into networth calculation

I don't calculate net worth. I am much more interested in how much income I am producing in retirement from multiple streams. I find formal budgets and calculation of net worth to be tedious and not important to me. I acknowledge home value may be very important to others and if they want or need to...
by SGM
Wed Jan 06, 2016 12:20 pm
Forum: Investing - Theory, News & General
Topic: TIPS Fund is Getting Hammered!
Replies: 71
Views: 8472

Re: TIPS Fund is Getting Hammered!

I have had time to learn more about TIPS and to assess my own situation and I don't need them. I listen and read the comments about TIPS but I feel like my situation is more diversified and inflation protected than most so I will skip the category for now.
by SGM
Mon Jan 04, 2016 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Retirement, how much cash and what is cash?
Replies: 5
Views: 1118

Re: Retirement, how much cash and what is cash?

You have a lot of complicated issues including that it sounds like you might not pay your conversion taxes out of a taxable account. I would suggest finding a copy of The Roth Revolution by James Lange which looks at conversions in many tax brackets and situations. You might find the transcript of w...

Go to advanced search