Search found 4586 matches

by Sheepdog
Fri Jun 23, 2017 11:32 am
Forum: Investing - Theory, News & General
Topic: Zacks says sell Wellesley!?
Replies: 82
Views: 8677

Re: Zacks says sell Wellesley!?

I came across this recommendation from Zacks who today says it is time to buy VHCOX Capital Opportunity https://www.zacks.com/stock/news/265324/time-to-buy-vanguard-capital-opportunity-investor-fund-vhcox . Did they do any research? VHCOX has been closed to new investors for a long time. Sigh. What ...
by Sheepdog
Fri Jun 16, 2017 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Medicaid Planning
Replies: 32
Views: 1787

Re: Medicaid Planning

You may find this Florida Medicaid key information from ElderLawAnswers helpful although it does not answer your key question https://www.elderlawanswers.com/key-med ... 2017-12172
by Sheepdog
Thu Jun 15, 2017 12:14 pm
Forum: Personal Consumer Issues
Topic: Cataracts & reading glasses
Replies: 31
Views: 2094

Re: Cataracts & reading glasses

My wife was declared "legally blind" so that she could not drive or read very much. She had two cataract surgeries. She does not have to wear glasses and has not for the last 4 years. The term "legally blind" as used here is a bit misleading, with all due respect. Generally it r...
by Sheepdog
Thu Jun 15, 2017 8:12 am
Forum: Personal Consumer Issues
Topic: Cataracts & reading glasses
Replies: 31
Views: 2094

Re: Cataracts & reading glasses

My wife was declared "legally blind" so that she could not drive or read very much. She had two cataract surgeries. She does not have to wear glasses and has not for the last 4 years. I had cataract surgeries also with special lenses to correct my extreme astigmatism. Wonderful result. I a...
by Sheepdog
Thu Jun 15, 2017 3:17 am
Forum: Personal Finance (Not Investing)
Topic: Do You Take Your Credit Card Receipts?
Replies: 79
Views: 4751

Re: Do You Take Your Credit Card Receipts?

Always take them, enter into my Money software, and compare with the online credit card records, usually daily.
by Sheepdog
Tue Jun 13, 2017 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Who takes financial chances and why is this forum so financially conservative?
Replies: 139
Views: 11790

Re: Who takes financial chances and why is this forum so financially conservative?

I changed companies only once in my career. I am conservative by nature and happy with it. However, I married my girl friend after seeing her on only 23 occasions over 11 months before marriage. (We courted mostly by mail. Long distance telephone was too expensive back then. We lived a hundred miles...
by Sheepdog
Mon Jun 12, 2017 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Auto-Debit May Not Be Such a Good Idea
Replies: 25
Views: 3073

Re: Auto-Debit May Not Be Such a Good Idea

I have been doing auto-debit for 20 years with numerous providers. I have yet to have a problem. I also have never had a bill paid late in that same time frame. There is some risk in everything but I've yet to encounter any issue here. If I every do, I will deal with it. In the meantime, I NEVER wo...
by Sheepdog
Fri Jun 09, 2017 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Medicare users - what type of plan(s) do you use?
Replies: 26
Views: 2318

Re: Medicare users - what type of plan(s) do you use?

I have used an Anthem BC/BS Medicare Advantage PPO plan now for 4 years. It includes a dental, hearing and vision package. I previously used standard Medicare with a G Medigap plus a Part D prescription plan. It has saved me over $2000 a year, not including the dental and hearing plan which I am jus...
by Sheepdog
Thu Jun 08, 2017 11:50 pm
Forum: Investing - Theory, News & General
Topic: Retirees: What are you doing about withdrawing?
Replies: 31
Views: 4112

Re: Retirees: What are you doing about withdrawing?

I have been retired almost 19 years living off of investments and SS only. (I took a modest pension as a lump sum.) I withdraw as needed, but discipline of withdrawal amounts and timing was required. The money must last. It has and will. My goal was to average 4.5% a year withdrawal and not adjust f...
by Sheepdog
Wed Jun 07, 2017 10:34 pm
Forum: Personal Finance (Not Investing)
Topic: How often do you redeem your credit card cash rewards?
Replies: 54
Views: 2939

Re: How often do you redeem your credit card cash rewards?

Usually monthly ($748.67 redeemed year to date).
by Sheepdog
Mon Jun 05, 2017 6:58 am
Forum: Personal Consumer Issues
Topic: Article: Compare ROI of college education vs S&P500
Replies: 52
Views: 2537

Re: Article: Compare ROI of college education vs S&P500

Are you great at basketball or football?
by Sheepdog
Thu Jun 01, 2017 11:35 am
Forum: Investing - Theory, News & General
Topic: RMD on Declining Balance
Replies: 53
Views: 3278

Re: RMD on Declining Balance

I wonder how many retirees know that they will have a RMD on a declining balance on their IRAs? and Somewhere-Sometime they will discover that their IRA will no longer support their life style of ~4% SWR? Declining balance and declining withdrawal? That hasn't reached me and I will be 84 this year....
by Sheepdog
Sun May 28, 2017 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Medigap Insurance Plans
Replies: 43
Views: 3006

Re: Medigap Insurance Plans

Others : Yes, many people in Medicare Advantage love it and it does seem an option to be considered. My problem is that I've had problems with the HMO in my area and so reject the option, not because I don't like the program but because I don't like the HMO. I don't like HMOs either. Medicare Advan...
by Sheepdog
Sat May 27, 2017 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Annuity post retirement
Replies: 16
Views: 1030

Re: Annuity post retirement

What kink of annuity was suggested? There are lots of "bad"ones, but some, like single premium immediate annuities (SPIA), may be okay. What are the fees? The type and the small print tells the story.

edit: I am in my mid 80s and I bought SPIAs in my 80s...without an advisor.
by Sheepdog
Mon May 22, 2017 9:45 pm
Forum: Investing - Theory, News & General
Topic: Zacks says sell Wellesley!?
Replies: 82
Views: 8677

Re: Zacks says sell Wellesley!?

mortfree wrote:that's scary- I have 40% of my retirement savings in Wellesley. Age 40.


.

Not scary to me and Wellesley is the vehicle which gives me most of my annual income. And, I am over twice your age with an even higher percentage of savings.
Zack don't know nuttin.
by Sheepdog
Mon May 22, 2017 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Net worth is overrated
Replies: 76
Views: 9334

Re: Net worth is overrated

Will we really have enough to finish our life?, my wife may ask. Just an occasional reminder of where we started, where we have been and where we are, relaxes her and makes her smile. Our net worth reminder is not overrated for my love.
by Sheepdog
Fri May 19, 2017 8:25 am
Forum: Personal Finance (Not Investing)
Topic: How long do I really need to keep tax returns?
Replies: 18
Views: 1534

Re: How long do I really need to keep tax returns?

Personally, I have kept all our returns (but I am a tax policy wonk and I find these things fascinating. :D Also grateful to my mom for keeping all of hers and my dads' returns going back to the late 1940s, fascinating history there! A walk through tax memory lane.) I have all of my original tax re...
by Sheepdog
Thu May 18, 2017 1:37 pm
Forum: Investing - Theory, News & General
Topic: For those with $500k-$1m in investments...
Replies: 138
Views: 12932

Re: For those with $500k-$1m in investments...

I don't fit the rest of you because of my age, but here it is. Long time in retirement....my age 83....living off of investments for 18 1/2 years. Present $975k investments: Traditional IRAs..............30.9% Roth IRAs ....................,33.9% I Bonds.........................19.5% CDs, cash, taxa...
by Sheepdog
Tue May 16, 2017 7:36 am
Forum: Personal Finance (Not Investing)
Topic: Retirees afraid to spend? (Bloomberg)
Replies: 47
Views: 2634

Re: Retirees afraid to spend? (Bloomberg)

I haven't read the article, but I think I understand. One reason is that more and more and more retirees no longer have a guaranteed pension to protect them, so if they screw up their investments and don't watch their spending, they may reach old age with nothing.
by Sheepdog
Fri May 12, 2017 3:30 pm
Forum: Investing - Theory, News & General
Topic: Retirees, what is your marginal tax rate?
Replies: 33
Views: 3004

Re: Retirees, what is your marginal tax rate?

You can't compare what we have experienced in retirement taxes. How much taxable accounts will you have in retirement compared to others? I worked on reducing my taxes when I retired in late 1998, Just before retiring the upper part of my earnings was in the 39% tax bracket, so to reduce my taxes I ...
by Sheepdog
Wed May 10, 2017 2:42 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1351
Views: 232942

Re: What are you up YTD? [Year To Date]

5/9/2017 YTD, 22% stock, 2.43%. That's fine with me.
by Sheepdog
Tue May 09, 2017 11:34 am
Forum: Personal Consumer Issues
Topic: What newspaper or magazine do you pay for?
Replies: 107
Views: 4652

Re: What newspaper or magazine do you pay for?

I could not live happily without a local newspaper. I take 2 newspapers...local and largest state. Magazines I subscribe to are Money, Kiplinger, Consumer Reports and AARP. Yes, I like and learn from all!!
by Sheepdog
Sun May 07, 2017 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Retired - How much can I afford to pay for house
Replies: 12
Views: 1756

Re: Retired - How much can I afford to pay for house

Current status: Both of us are retired, late 60's Projected annual expenses for 2018 including all taxes (including impact of taking RMDs): $70,000 Soc. Sec. income, sum of both, for 2018: $49,000 Current portfolio: $4,000,000 Of course you can spend 10% and more for a house with that $4M portfolio...
by Sheepdog
Sat May 06, 2017 1:29 pm
Forum: Personal Consumer Issues
Topic: Best vacuum cleaner for pet hair?
Replies: 38
Views: 3196

Re: Best vacuum cleaner for pet hair?

See a copy of the latest issue of Consumer Reports (June 2017) which has large testings of vacuums of all types (uprights, canisters, sticks, handheld and robotic vacuums). One criteria tested is for pet hair. Top 3 ratings for each type are: (All are among the best for pet hair) Upright bagged Kenm...
by Sheepdog
Thu May 04, 2017 3:17 pm
Forum: Personal Consumer Issues
Topic: Vacation ideas in the US south - Christmas 2017 - Galveston, St Augustine? Others?
Replies: 21
Views: 1138

Re: Vacation ideas in the US south - Christmas 2017 - Galveston, St Augustine? Others?

Start now to find your condo (or house)on a beach. That may help you to decide where. They, especially on a beach, are difficult to find as many are rented by annual visitors...Christmas even more so.
by Sheepdog
Tue May 02, 2017 3:26 pm
Forum: Investing - Help with Personal Investments
Topic: I bonds May 2017
Replies: 66
Views: 8092

Re: I bonds May 2017

Mel Lindauer wrote:Anyone able to download the new rates to their SB Wizard, yet? I keep getting the old rates up to the end of May.

Mel,
In case you didn't know....The new SB Wizard redemption values can be downloaded now.
Semper Fi,
Jim
by Sheepdog
Mon May 01, 2017 9:34 pm
Forum: Investing - Help with Personal Investments
Topic: I bonds May 2017
Replies: 66
Views: 8092

Re: I bonds May 2017

Mel Lindauer wrote:Anyone able to download the new rates to their SB Wizard, yet? I keep getting the old rates up to the end of May.

Not yet.
by Sheepdog
Sat Apr 29, 2017 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Auto Insurance? How much to get? How much do people have?
Replies: 8
Views: 798

Re: Auto Insurance? How much to get? How much do people have?

2 automobiles ...2 senior drivers Liability Bodily Injury Each Person $500,000 Each Accident $500,000 Property Damage Each Accident $100,000 B. Uninsured and Underinsured Motorists Each Person $500,000 Each Accident $500,000 C. Property Damage Each Accident $100,000 Comprehensive $1000 deductible Co...
by Sheepdog
Fri Apr 28, 2017 11:05 am
Forum: Personal Finance (Not Investing)
Topic: When do you plan to die?
Replies: 165
Views: 11602

Re: When do you plan to die?

fillary wrote:i was thinking about 75-80 years, it's enough to live as for me, i will never be as young as I am at this very second :(

Think later. There is much to enjoy after that.
by Sheepdog
Sat Apr 22, 2017 3:28 am
Forum: Personal Consumer Issues
Topic: Best vacuum cleaner for pet hair?
Replies: 38
Views: 3196

Re: Best vacuum cleaner for pet hair?

Kenmore (Sears) has "Pet Friendly" HEPA uprights. I purchased Model 31140 3 years ago especially to improve cleaning carpets covered with long black cat hair. Yes, my Old English Sheepdog hair also, but the cat hair was the reason.. It uses fabric HEPA bags. I am the one who cleans the flo...
by Sheepdog
Tue Apr 18, 2017 10:33 am
Forum: Personal Consumer Issues
Topic: Is my electric bill high?
Replies: 60
Views: 5673

Re: Is my electric bill high?

Electricity in Indiana is not high in comparison. Our home is single story brick 2000 sq ft. No pool, however. We heat, cook and supply hot water with gas. Total electric cost in 2016 was $1,023 or an average of $85.25 per month. (Gas averaged $59 per month.)
by Sheepdog
Mon Apr 17, 2017 8:45 am
Forum: Personal Consumer Issues
Topic: Donations to charity for 2016 tax year (and 2017)...
Replies: 9
Views: 1179

Re: Donations to charity for 2016 tax year (and 2017)...

Since we are older retirees (83 and 76) in 2016 and our nest egg was still growing somewhat we decided to donate more to charities every year. Last year we donated 37.5% of our AGI. I expect that we will meet at least that percentage in the future. Since more of our charitable donations now come via...
by Sheepdog
Wed Apr 12, 2017 2:55 pm
Forum: Personal Consumer Issues
Topic: Staining a pool deck
Replies: 2
Views: 305

Re: Staining a pool deck

Yes, you can.
Google: "Stain concrete pool deck" https://www.google.com/#q=stain+concrete+pool+deck You will even find a you tube how to.

Hint also, you won't find paint experts at Lowes or any box store.
by Sheepdog
Sun Apr 09, 2017 12:23 pm
Forum: Investing - Help with Personal Investments
Topic: My 72 year old father is looking for advice on where to park ~$300K
Replies: 20
Views: 2428

Re: My 72 year old father is looking for advice on where to park ~$300K

Additionally, he could put some of the money into an SPIA for a monthly payout starting now or some day in the future. Look at ImmediateAnnuities.com https://www.immediateannuities.com/annuity-shopper/ . Play around with it for the many options...life annuities, fixed term annuities, etc. I bought s...
by Sheepdog
Fri Apr 07, 2017 6:39 am
Forum: Personal Finance (Not Investing)
Topic: Pension -lump sum or monthly payout?
Replies: 29
Views: 1888

Re: Pension -lump sum or monthly payout?

You're ahead now but you haven't won yet. What if you live another 20 years? Withdrawing $1,480 a month from $231K is a 7.7% withdrawal rate which could diminish that IRA within 12 years. Realize that my RMD on this account has reached 6.45% this year at age 84 and will be up to 7.87% at 88 and 8.7...
by Sheepdog
Thu Apr 06, 2017 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Pension -lump sum or monthly payout?
Replies: 29
Views: 1888

Re: Pension -lump sum or monthly payout?

I took a lump sum for my pension in 1998 partially because I didn't trust the company finances. This report is how it worked out for me. What I have left of that lump sum today and how much I have taken out. I will compare that with how much I would have received to date if I had taken the pension p...
by Sheepdog
Tue Apr 04, 2017 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Medigap Plan F Increases
Replies: 37
Views: 2433

Re: Medigap Plan F Increases

When I had Medigap F or G plans the premiums increased with age and with higher percentage increases(upper 10s and 20s) in my late 70s to the point when I reached 80 the cost was too high. I then changed to an Advantage plan which is saving me over $2000 each year with good coverage. My wife also ch...
by Sheepdog
Mon Apr 03, 2017 11:35 pm
Forum: Investing - Help with Personal Investments
Topic: Old [person] playing catch up in retirement
Replies: 10
Views: 1886

Re: Old [person] playing catch up in retirement

You are not old. You are not late. My history may be an example. We had 2 children. They wouldn't have to pay their way to college. because we could afford to send them. The kids were more important to us than our retirement. We actually saved and invested relatively little until after they graduate...
by Sheepdog
Mon Apr 03, 2017 11:08 am
Forum: Investing - Help with Personal Investments
Topic: Best investments for risk-averse retiree
Replies: 31
Views: 2162

Re: Best investments for risk-averse retiree

If you're risk-averse then you diversify into bonds. When stocks fall, money runs to the safety of bonds. Putting money in CD's is not investing. Does this look "risky"? http://investingadvicewatchdog.com/images-new/chart-2000-2015.jpg That is a really interesting graph. What bonds and wh...
by Sheepdog
Thu Mar 30, 2017 4:57 am
Forum: Personal Finance (Not Investing)
Topic: When do you plan to die?
Replies: 165
Views: 11602

Re: When do you plan to die?

How could i guess when I would die as I was planning to retire at 65?. I did at one time, but I have already passed that. You see, all of my grandparents died before they were 65. My father died at 61 and my sister 73, but my mother died at 92. Then I had a heart attack at 64. Not much to look at fo...
by Sheepdog
Mon Mar 27, 2017 10:49 am
Forum: Personal Consumer Issues
Topic: Re: Where to buy a Vanguard hat? An Update and bad news
Replies: 72
Views: 9681

Re: Where to buy a Vanguard hat? An Update and bad news

I see Raymond James shirts and hats, so why not Vanguard too, Vanguard.
by Sheepdog
Sat Mar 25, 2017 7:49 am
Forum: Personal Consumer Issues
Topic: Buying Sunglasses
Replies: 44
Views: 4953

Re: Buying Sunglasses

Did you ask your opthamologist? That is to whom you should.
I will say though, with my cataracts corrected, I use prescription polaroid greem lense sunglasses with UV protection.
Once again, ask your doctor.
by Sheepdog
Thu Mar 23, 2017 11:45 pm
Forum: Personal Finance (Not Investing)
Topic: How did you do your income taxes?
Replies: 96
Views: 4924

Re: How did you do your income taxes?

I have always completed my tax returns myself. Would you believe that in the 40s and early 50s a standard tax return was a simple post card? (Did I hear someone here say "What's a post card?") In early years, before computers, I completed my tax returns by hand, even with complicated tax s...
by Sheepdog
Tue Mar 21, 2017 11:32 am
Forum: Investing - Theory, News & General
Topic: What's your strategy for withdrawing funds in Retirement ?
Replies: 57
Views: 6641

Re: What's your strategy for withdrawing funds in Retirement ?

My basic strategy for withdrawal (no pension) at age 65. I set a goal of 4.5% average withdrawal and not adjust for inflation...(have more, I can spend more. have less, try to spend less.) 1. From taxable first and until RMD 2. Started converting a small percentage IRAs to Roth at the beginning of r...
by Sheepdog
Tue Mar 21, 2017 10:35 am
Forum: Investing - Help with Personal Investments
Topic: Pre-Retirement Income & Post Retirement Expenses
Replies: 15
Views: 1137

Re: Pre-Retirement Income & Post Retirement Expenses

A comparison of pre-retirement income and post retirement expenses is not a valid comparison in my opinion, as others have said, you may be putting of your income into savings and higher taxes. A valid comparison is pre-retirement expenses versus post retirement expenses. For example, in my last yea...
by Sheepdog
Sun Mar 19, 2017 1:15 pm
Forum: Investing - Theory, News & General
Topic: Roth Conversion and Strategy
Replies: 13
Views: 1167

Re: Roth Conversion and Strategy

Conversion works best for people who are retired and have taxable accounts that they can live off. This allows them to report no income unless they have a pension or SS. You can then convert however much from the IRAs into a Roth so long as it does not increase your marginal income tax rate above t...
by Sheepdog
Sun Mar 19, 2017 12:27 pm
Forum: Personal Consumer Issues
Topic: Valspar mix Reserve and Optimus
Replies: 2
Views: 309

Re: Valspar mix Reserve and Optimus

I do not have experience with either of these products. However, I spent my career in paint research and manufacturing so I have some outside experience. I would believe that the two products will have a different appearance, hiding, washability, possibly sheen and durability. Paint companies usuall...
by Sheepdog
Sat Mar 18, 2017 11:44 am
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation in Retirement - Me 100% Stocks.
Replies: 53
Views: 3606

Re: Asset Allocation in Retirement - Me 100% Stocks.

Since I live off of my assets in retirement, I could never live with a high stock allocation. To protect my income and my psyche, I have to be low equity. After retiring, I gradually reduced to 22% stock by age 78 where I have remained. Even at that allocation and taking out for needs, there has bee...
by Sheepdog
Thu Mar 16, 2017 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare and Costs after employer insurance ends
Replies: 28
Views: 1897

Re: Medicare and Costs after employer insurance ends

This is a copy of what I wrote earlier this year for another similar question. Perhaps this may be of assistance. It includes our total medical costs for the 5 year period up to 2015 and an addendum to include 2016. We are a retired couple, ages 82 and 75 at the end of 2015. Our out of pocket medica...

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