Search found 2399 matches

by SGM
Thu Dec 14, 2017 4:08 am
Forum: Investing - Theory, News & General
Topic: Any of you trade just a little as a hobby?
Replies: 44
Views: 3485

Re: Any of you trade just a little as a hobby?

I never considered investing as a hobby, but as a means to complete financial independence. I still have large holdings in individual stocks that I have been winnowing down for 7 years. No individual stock makes too high a portion of the portfolio. This year we had some unusual expenses and took mor...
by SGM
Wed Dec 13, 2017 6:57 pm
Forum: Personal Consumer Issues
Topic: Who is Right Me or Spouse
Replies: 51
Views: 2605

Re: WHO IS RIGHT ME or SPOUSE

The tradition in our family from those who can afford to give gifts has been to give a gift to the grandchild and the spouse of the grandchild. The same went for child and the spouse of a child. This has the effect of considering them both to be equally welcome as family members.
by SGM
Wed Dec 13, 2017 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Thanks! We just let our VG PAS advisor go...
Replies: 14
Views: 3090

Re: Thanks! We just let our VG PAS advisor go...

I have not used Vanguards PAS. However, I am considering telling my grown children that it would be helpful to use a Vanguard advisor until they get more confident about investing.

I have received the Vanguard free portfolio review several years ago and am considering doing this again in the future.
by SGM
Sun Dec 10, 2017 2:30 pm
Forum: Personal Consumer Issues
Topic: Danger of being a helicopter pilot?
Replies: 40
Views: 3656

Re: Danger of being a helicopter pilot?

As a boy I heard a metallurgical engineer employed in failure analysis call helicopters stress machines. I suspect the technology has improved in the many decades since I heard that statement.
by SGM
Sat Dec 09, 2017 4:33 am
Forum: Investing - Help with Personal Investments
Topic: Does a Boglehead ever time the market?
Replies: 65
Views: 3996

Re: Does a Boglehead ever time the market?

If you approach him and brag about how well the BH method and the total stock market fund has performed for a recent BH convert, Jack will you remind you that markets can crash. I did not mind market crashes when I was in the accumulation stage as that meant I was buying more shares with my monthly ...
by SGM
Tue Dec 05, 2017 4:33 am
Forum: Investing - Theory, News & General
Topic: One answer to the Dividend stocks puzzle from behavioral finance
Replies: 166
Views: 9097

Re: One answer to the Dividend stocks puzzle from behavioral finance

Dividends are part of total return, but are the part of total return that is taxed every year in my taxable account. I much prefer to have the dividend than to have an insurance product that is tied to the S&P 500 but does not include the dividend. There are several things that erode the value of my...
by SGM
Mon Dec 04, 2017 7:31 pm
Forum: Investing - Theory, News & General
Topic: One answer to the Dividend stocks puzzle from behavioral finance
Replies: 166
Views: 9097

Re: One answer to the Dividend stocks puzzle from behavioral finance

I enjoyed the book, but it is not well organized. I started out 40 years ago with inexpensive DRIPs. I realize that dividends are a drag on returns long term in a taxable account. I am neutral concerning dividends in tax advantaged accounts. I prefer capital gains in taxable that I can take when I n...
by SGM
Sun Dec 03, 2017 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Any retired boglehead doctors out there?
Replies: 78
Views: 9495

Re: Any retired boglehead doctors out there?

I worked part-time for the last 3 years of my practice. I see a lot of physicians continuing to work. well beyond 70 for a variety of reasons. I could have continued to work, but conditions would have changed as the practice I was last in was taken over by a large corporation at the time I chose to ...
by SGM
Fri Dec 01, 2017 5:08 am
Forum: Investing - Theory, News & General
Topic: Is there any reason to invest in real estate?
Replies: 98
Views: 7355

Re: Is there any reason to invest in real estate?

Most of the people I know in real estate have had it in the family for multiple generations and it is a family business. My nephews recently got their own start in real estate by buying a 20 unit residential building. They are doing quite well with it and have an excellent property manager so it is ...
by SGM
Thu Nov 30, 2017 1:54 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 213
Views: 16245

Re: Anyone tired of the stock market going up?

I am getting tired of sitting around like the equivalent of old King Midas counting his growing gold pile. The numbers don't have that much meaning. You can't touch the numbers. Maybe it is time to buy a little pied-a-terre in the city. If I get a reverse mortgage on the pied-a-terre I have been tol...
by SGM
Wed Nov 29, 2017 3:53 pm
Forum: Personal Consumer Issues
Topic: failing at hobbies and leisure
Replies: 47
Views: 5055

Re: failing at hobbies and leisure

What are the simple things you enjoy? Write them down and take time to do more of them every day. It could be as simple as talking to a friend, reading the newspaper or feeling the warm sun on your skin. Seek pleasure in simple things. It can be difficult to deal with idleness. Rediscover what relax...
by SGM
Wed Nov 29, 2017 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Why should I donate to my alma mater?
Replies: 133
Views: 9366

Re: Why should I donate to my alma matter?

My lead professor gave me some of the grant money he received from the applied research I was working on so that I could afford to do more research and not work in the summer. My graduate teaching assistantship only covered fall and spring semesters. I paid that back to the department the first year...
by SGM
Wed Nov 29, 2017 5:24 am
Forum: Personal Finance (Not Investing)
Topic: Why not take Social Security at 62
Replies: 334
Views: 26038

Re: Why not take Social Security at 62

The financial risk in retirement is not dying early but living for a long time. My choice was claiming SS between 66 and 70. There was no thought of taking SS early as I was enjoying work and making a good income. Using the time between retiring and claiming to convert to Roth accounts was an added ...
by SGM
Tue Nov 28, 2017 5:13 pm
Forum: Investing - Help with Personal Investments
Topic: Inheriting a large sum, slightly intimidated.
Replies: 51
Views: 5143

Re: Inheriting a large sum, slightly intimidated.

50/50 is too conservative for a 28 year old. There is a reasonable school of thought about investing that says, "When you have won the game, stop playing." There is no one right answer. Anywhere between 20/80 and 80/20 stock and bond asset allocation could be a very reasonable choice. I consider ha...
by SGM
Tue Nov 28, 2017 10:10 am
Forum: Investing - Help with Personal Investments
Topic: Divs and Cap Gains are killing me
Replies: 96
Views: 7643

Re: Divs and Cap Gains are killing me

An individual can gift up to $14k to another individual in 2017. The limit is set to rise to $15k in 2018. Maybe 529s will be of help or starting children in Roth IRAs. I acknowledge the necessity of paying taxes, but I don't think the majority of it is money well spent. I would rather spend my mone...
by SGM
Tue Nov 28, 2017 5:43 am
Forum: Investing - Help with Personal Investments
Topic: Inheriting a large sum, slightly intimidated.
Replies: 51
Views: 5143

Re: Inheriting a large sum, slightly intimidated.

50/50 is too conservative for a 28 year old. Not having enough stock when you are young is a mistake that even the author Bill Bernstein admits to having made. You might not have the stomach for a higher stock allocation, but it is in your best interest to buy and hold and reinvest dividends for the...
by SGM
Mon Nov 27, 2017 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: The fallacy of spending money on "experiences" vs hard assets
Replies: 336
Views: 17396

Re: The fallacy of spending money on "experiences" vs hard assets

I compare buying and paying off a beach house vs. going on multiple exotic vacations. Financially speaking the choices are not equal.

Once you have adequately saved for retirement the question to my mind should be what gives you more satisfaction and happiness not what is better financially.
by SGM
Sun Nov 26, 2017 4:12 am
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 213
Views: 16245

Re: Anyone tired of the stock market going up?

A couple of my fellow retirees have been taking some cash out of overfunded 529s this year. Despite the withdrawals the value of the 529s are higher than they were on January 1st. I don't know what is going to happen to the market, but it feels good to see portfolios grow despite withdrawing funds i...
by SGM
Fri Nov 24, 2017 4:17 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 213
Views: 16245

Re: Anyone tired of the stock market going up?

If I were still in the accumulating mode I would welcome the stock market going down. Any dividends I am not spending I am mostly putting into bond funds. It does not bother me that the market continues to rise. We are spending a lot of money these days on maintenance and house improvements from the...
by SGM
Fri Nov 24, 2017 10:51 am
Forum: Investing - Help with Personal Investments
Topic: Do you include the sale of your home as part of your retirement planning?
Replies: 91
Views: 5070

Re: Do you include the sale of your home as part of your retirement planning?

I am managing the assets of an elderly relative in an assisted living facility. SS and pension cover about 2/3 of total expenses. The sale of the family home will ensure that the additional 1/3 of expenses will be paid without requiring either family payments or Medicaid/VA money. I don't know if th...
by SGM
Fri Nov 24, 2017 5:17 am
Forum: Personal Consumer Issues
Topic: Anybody paint?
Replies: 5
Views: 717

Re: Anybody paint?

Painting and drawing classes teach you to paint what you see. You see more carefully than before. In a photography class I first learned about some elements of composition and began to notice how artists were using these elements of composition in painting, photography and cinematography. I even loo...
by SGM
Thu Nov 23, 2017 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Regrets for taking SS at 62 or waiting?
Replies: 100
Views: 9224

Re: Regrets for taking SS at 62 or waiting?

We are delaying, but not yet taking our delayed SS. I did file and suspend and DW is receiving a spousal benefit while awaiting to take her own SS at 70. I doubt we will have any regrets. When I discussed our decision with several widows, several chimed in that they wish their spouses had delayed ta...
by SGM
Thu Nov 23, 2017 11:01 am
Forum: Investing - Help with Personal Investments
Topic: How Does Real Estate Affect Asset Allocation?
Replies: 34
Views: 2203

Re: How Does Real Estate Affect Asset Allocation?

We have some income producing real estate and non-income producing real estate. Any net income reduces our need to withdraw from our portfolio. However, our various income streams could allow us to be either more conservative or more aggressive in our AA. Although we are no longer 100% in stock, we ...
by SGM
Tue Nov 21, 2017 10:12 pm
Forum: Investing - Help with Personal Investments
Topic: Are you your own worse enemy when it comes to investing?
Replies: 34
Views: 2444

Re: Are you your own worse enemy when it comes to investing?

Listening to the cacophony of information can also make you your own worst enemy. So many ideas and plans and you can start to doubt your self and if you are doing the right thing at the right time. There is a middle road somewhere but I, for one, am struggling to find it. Mike Piper in his Oblivio...
by SGM
Tue Nov 21, 2017 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Why not take Social Security at 62
Replies: 334
Views: 26038

Re: Why not take Social Security at 62

We chose to delay SS to age 70 for the following reasons: 1. We value the insurance aspect of having higher SS should one or both of us live a long time. DWs parents both lived to be over 100. 2. COLA on the higher SS will be greater. 3. Use the time between retirement and collecting SS to convert t...
by SGM
Mon Nov 20, 2017 5:00 pm
Forum: Investing - Help with Personal Investments
Topic: Spending Taxable to Zero during Retirement
Replies: 42
Views: 5054

Re: Spending Taxable to Zero during Retirement

We decided to convert all of our tIRAs to Roth accounts prior to taking delayed SS. We will spend only from taxable for many years. There may be a point when we spend from both Roth and taxable late in retirement. Most likely we will spend all or nearly all of the taxable account prior to taking fro...
by SGM
Sun Nov 19, 2017 5:35 am
Forum: Investing - Help with Personal Investments
Topic: Do you include the sale of your home as part of your retirement planning?
Replies: 91
Views: 5070

Re: Do you include the sale of your home as part of your retirement planning?

If I were planning on moving to a continuous care retirement community I would likely use the proceeds of a home sale to move in. I don't think I would want the burden of renting out the home at age 80. Projecting the value of the home at age 80 and the future cost of a move would only be estimates....
by SGM
Thu Nov 16, 2017 1:41 am
Forum: Personal Finance (Not Investing)
Topic: How unwise is it to move to a high-tax fiscally-shaky state? (Connecticut)
Replies: 50
Views: 3892

Re: How unwise is it to move to a high-tax fiscally-shaky state? (Connecticut)

I have property near the Sound in CT although I am not a resident. We have noted that it is much easier and cheaper to get repair work on our CT properties than in another high cost of living area where we reside. We did have a New York relative come in and do some painting for us and the New York p...
by SGM
Wed Nov 15, 2017 8:52 am
Forum: Investing - Theory, News & General
Topic: GE and the myth of "safe blue-chip stocks"
Replies: 73
Views: 7698

Re: GE and the myth of "safe blue-chip stocks"

If world peace broke out and defense stocks plunged I would be a buyer. The difficult decision would be when to sell.
by SGM
Mon Nov 13, 2017 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Did you tell anyone you paid off your mortgage?
Replies: 338
Views: 37736

Re: Did you tell anyone you paid off your mortgage?

Are you serious? Mortgage-burning parties were a long-established custom, and a reason for celebration of someone's good luck or achievement. Not much different from celebrating a wedding, birth or other joyous landmark in life. I don't know when they fell out of favor, but you don't hear them much...
by SGM
Sun Nov 12, 2017 12:15 pm
Forum: Investing - Help with Personal Investments
Topic: How do you project the amount you will have to spend annually in retirement?
Replies: 76
Views: 4382

Re: How do you project the amount of income you will have in retirement?

I have used multiple calculators to determine how much I will receive from SS at age 70. Currently retired, I know how much each income stream has produced last year. Some streams have COLAs others do not. I have a row for each stream and determine expected income for each of the next 5 years. For t...
by SGM
Sat Nov 11, 2017 9:48 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Slaughtering The High Dividend Sacred Cow
Replies: 192
Views: 13425

Re: Larry Swedroe: Slaughtering The High Dividend Sacred Cow

Dividends are part of total return, but are less tax efficient than selling stock in a taxable account as all of the dividend is taxed yearly and when selling stocks only the capital gains part is taxed. So I am ambivalent about dividends. If you can live off of dividends in retirement and are not r...
by SGM
Wed Nov 08, 2017 5:24 am
Forum: Investing - Theory, News & General
Topic: "I took all my money out of the stock market and it feels amazing"
Replies: 69
Views: 8978

Re: "I took all my money out of the stock market and it feels amazing"

She states she will wait until age 70 to take SS. She was never 100% in stocks as she invested in a balanced fund. Her expense ratios were on the low side because she was with Vanguard. TIPs are supposed to protect against inflation. She hasn't done badly so far although I feel it is foolish to be o...
by SGM
Tue Nov 07, 2017 2:24 am
Forum: Investing - Theory, News & General
Topic: Why is Vanguard sending so much junk mail telling me to vote in the proxy election?
Replies: 50
Views: 5680

Re: Why is Vanguard sending so much junk mail telling me to vote in the proxy election?

I don't recall ever receiving proxies from Vanguard before. I have strong opinions about owning all of the market and keeping costs low so I voted early and voted often. Voting early and voting often was the motto of an alderman I knew in Chicago. :D
by SGM
Sat Nov 04, 2017 10:21 am
Forum: Investing - Theory, News & General
Topic: "What's Your Uncertainty/Humility Score?"
Replies: 17
Views: 2499

Re: "What's Your Uncertainty/Humility Score?"

"An unsophisticated forecaster uses statistics as a drunken man uses lamp-posts - for support rather than for illumination. "
by SGM
Sat Nov 04, 2017 4:17 am
Forum: Investing - Help with Personal Investments
Topic: How has your AA philosophy changed over the years?
Replies: 45
Views: 3788

Re: How has your AA philosophy changed over the years?

For many years I have owned individual stock and no bonds.I did learn about investing in individual stocks from conversations with older employees. Now that I am retired, I am more conservative and own bond funds as well. Over time I have been selling individual stocks and buying broad index stock a...
by SGM
Wed Nov 01, 2017 9:26 am
Forum: Investing - Theory, News & General
Topic: How I use I-ORP, and who shouldn't
Replies: 127
Views: 12973

Re: How I use I-ORP, and who shouldn't

I look at I-ORP occasionally. It recommended Roth conversions over an extended period prior to taking SS which I acted upon. I used James Lange's book The Roth Revolution as another guide for conversions. Earlier versions didn't seem to be correct regarding taxes. For delaying SS I used multiple fre...
by SGM
Tue Oct 31, 2017 5:03 pm
Forum: Investing - Theory, News & General
Topic: Emotional impact of spending down assets?
Replies: 100
Views: 10159

Re: Emotional impact of spending down assets?

The emotional impact of spending down assets is different if you have a cost of living adjusted pension and other income streams vs. depending only on a portfolio for retirement income. I know a lot of couples with two cola pensions who spend very freely. In our case we are delaying SS and will buy ...
by SGM
Sun Oct 29, 2017 2:03 pm
Forum: Investing - Theory, News & General
Topic: What strategies do you use to manage risk in your portfolio?
Replies: 21
Views: 1299

Re: What strategies do you use to manage risk in your portfolio?

Multiple streams of income including rental income, pension, a spousal SS benefit, and a TIAA-CREF annuity cover the usual expenses. My own delayed SS will be 32 % higher than it would have been if I took it at 66. All of these except for the pension will offer some protection from inflation. Since ...
by SGM
Sat Oct 28, 2017 8:15 am
Forum: Personal Finance (Not Investing)
Topic: Can I retire today?
Replies: 132
Views: 7810

Re: Can I retire today?

Converting to traditional IRAs and 401ks to Roth accounts are a wash in terms of purchasing power at the time of conversion. I have a friend who refuses to look at the calculations because he is emotionally attached to the higher numbers associated with not doing the conversion. He doesn't care that...
by SGM
Thu Oct 26, 2017 8:55 am
Forum: Investing - Help with Personal Investments
Topic: Can one have too much money in tax-deferred
Replies: 128
Views: 11673

Re: Can one have too much money in tax-deferred

This includes making non-deductible tIRA contributions and either doing backdoor conversions or convert at a later date depending on your personal situation. Non-deductible TIRA is generally worse than taxable, unless you convert quickly. Not for me. All my non-deductible IRA contributions are in R...
by SGM
Thu Oct 26, 2017 8:49 am
Forum: Investing - Help with Personal Investments
Topic: How Well Do You Know About Retirement Income?
Replies: 40
Views: 4640

Re: How Well Do You Know About Retirement Income?

Maybe 70% require nursing home care, but for many it is only for very late in life and the cost would not be prohibitive if it is for only a few months. Since most of nursing home payments are from Medicaid they are not talking about wealthy bogleheads. Some also arrange to deplete assets so that th...
by SGM
Wed Oct 25, 2017 4:47 am
Forum: Investing - Help with Personal Investments
Topic: Can one have too much money in tax-deferred
Replies: 128
Views: 11673

Re: Can one have too much money in tax-deferred

I realized I was going to have large RMDs at 70 1/2. I began to convert when I cut my work to part time and completed it before I planned on taking delayed SS. However, I continued to maximize my 401k/profit sharing plan and traditional IRA savings. This helped keeping my marginal rate a little lowe...
by SGM
Tue Oct 24, 2017 9:46 pm
Forum: Investing - Theory, News & General
Topic: 2017 BOGLEHEADS CONFERENCE ANNOUNCEMENT
Replies: 192
Views: 28893

Re: 2017 BOGLEHEADS CONFERENCE ANNOUNCEMENT

Another well run conference. I enjoyed meeting some newbies and seeing some familiar faces. Hopefully I can get back in 2018. I also appreciate that The Bogleheads 2017 Conference cup is designed so it is very hard for me to stick my watercolor paint brush in it. :D
by SGM
Mon Oct 23, 2017 4:05 pm
Forum: Investing - Help with Personal Investments
Topic: Is it ok to have 100% stocks, 15 years+
Replies: 97
Views: 8641

Re: Is it ok to have 100% stocks, 15 years+

If you have job security and are able to continue to put money into the market when the bear returns you will benefit. Unfortunately, investors tend to sell when the market has bargain prices and to buy when the market is expensive. In a recession some jobs are at risk which would mean you might hav...
by SGM
Sat Oct 21, 2017 4:05 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation with Farm Land
Replies: 20
Views: 1616

Re: Asset Allocation with Farm Land

We have farmland that produces income. I consider all real estate as an income stream minus any real estate taxes and maintenance. Some income is more efficient and trouble free than others. Farm rental and deer leases require very little work on our part. It is neither a bond or a stock. Less incom...
by SGM
Wed Oct 18, 2017 3:48 am
Forum: Investing - Theory, News & General
Topic: Vanguard expects "decent sized correction" soon, sometime, maybe later
Replies: 68
Views: 7442

Re: Vanguard expects "decent sized correction" soon, sometime, maybe later

I profess no expertise in market predictions. Decreased regulations and increased profits are built in to the current price. I am not so sure that a proposed controversial tax cut is priced into the market.
by SGM
Tue Oct 17, 2017 7:45 am
Forum: Personal Finance (Not Investing)
Topic: Tax Bracket in Retirement
Replies: 46
Views: 5529

Re: Tax Bracket in Retirement

I did my conversions while either working very part time or retired prior to taking SS. However, my tax rates remain high. Also I pay additional Medicare payments related to income. I lowered my taxable dividends somewhat by paying taxes out of a taxable account. However, I keep making money on my t...
by SGM
Mon Oct 16, 2017 10:07 am
Forum: Personal Finance (Not Investing)
Topic: UTMA accounts
Replies: 17
Views: 684

Re: UTMA accounts

I have been trying to get my children to take over their UTMA accounts. I have warned them that if they do not change the account registration, the accounts will revert back into my estate at death. They seem to be too busy working. I cannot transfer the accounts without their signatures either meda...