Search found 8957 matches

by The Wizard
Tue Sep 27, 2016 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Reason NOT to wait past 66 to take Social Security
Replies: 48
Views: 4786

Re: Reason NOT to wait past 66 to take Social Security

If one's main concern is legacy and inheritances, then things tilt to one side. This is not really a priority for me, so I deal with the issue the usual way here. But are the kids going to be wildly more enthused to receive $1.5M vs a possibly paltry $1.0M? "Dad, how could you??" Have you ...
by The Wizard
Tue Sep 27, 2016 12:07 pm
Forum: Investing - Theory, News & General
Topic: Variable SPIA: Why Not?
Replies: 18
Views: 1190

Re: Variable SPIA: Why Not?

I have two different "variable SPIAs" with TIAA.
One is based on Commercial Real Estate (TREA) and one is based on the broad stock market (CREF Stock).
I've been pleased with their contribution to my monthly income since 2013...
by The Wizard
Mon Sep 26, 2016 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: Cancer Insurance
Replies: 23
Views: 1460

Re: Cancer Insurance

No expertise here but MD Anderson is one of a very few facilities that is expert in my type of cancer. Easy for me to say but I would find out if current insurance has any out of network coverage and go with that for survival sake. Also check if Anderson (or any other cancer specialist) has a compa...
by The Wizard
Mon Sep 26, 2016 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Cancer Insurance
Replies: 23
Views: 1460

Re: Cancer Insurance

No expertise here but MD Anderson is one of a very few facilities that is expert in my type of cancer. Easy for me to say but I would find out if current insurance has any out of network coverage and go with that for survival sake. Also check if Anderson (or any other cancer specialist) has a compa...
by The Wizard
Mon Sep 26, 2016 5:06 pm
Forum: Personal Consumer Issues
Topic: Daughter will study abroad in ireland need advice
Replies: 15
Views: 1422

Re: Daughter will study abroad in ireland need advice

My compliments to ValueThinker... he's a living History Book!
by The Wizard
Mon Sep 26, 2016 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Cancer Insurance
Replies: 23
Views: 1460

Re: Cancer Insurance

Let me preface this with I'm pretty green when it comes to medical insurance options. It was my understanding that typically, most health insurance plans have an out of pocket maximum for both in network facilities and out of network facilities. This amount is capped to be the most you would have t...
by The Wizard
Mon Sep 26, 2016 3:52 pm
Forum: Personal Consumer Issues
Topic: Daughter will study abroad in ireland need advice
Replies: 15
Views: 1422

Re: Daughter will study abroad in ireland need advice

...Be sure that she knows to look both ways when crossing a street. Since they drive on the left the cars come from the opposite direction that you are expecting so it is not uncommon for a tourist to step out in front of a car. In London this is enough of a problem that in many crosswalks they wil...
by The Wizard
Mon Sep 26, 2016 3:29 pm
Forum: Investing - Help with Personal Investments
Topic: 72t Withdrawals for Young-Retiree
Replies: 24
Views: 1582

Re: 72t Withdrawals for Young-Retiree

We don't yet know whether the OP's pleasant financial situation is due mainly to high earned income, or mainly to inheritance.
Projected portfolio mix in coming years will vary depending on which of the above...
by The Wizard
Mon Sep 26, 2016 2:06 pm
Forum: Investing - Help with Personal Investments
Topic: 72t Withdrawals for Young-Retiree
Replies: 24
Views: 1582

Re: 72t Withdrawals for Young-Retiree

Might be better to live off your taxable account for a decade+ and use low tax brackets to do Roth conversions...
by The Wizard
Mon Sep 26, 2016 9:26 am
Forum: Investing - Help with Personal Investments
Topic: How to put 53K in tax advantaged account
Replies: 10
Views: 1427

Re: How to put 53K in tax advantaged account

Are you sure you can only contribute 18k or are you confusing an employer limit with the pretax limit? My employer allows up to 30% of my pretax salary. We are also allowed to put our bonus payments into our 401k. That $18k is the limit on ELECTIVE DEFERRALS only. Read the link above. Mandatory con...
by The Wizard
Mon Sep 26, 2016 9:20 am
Forum: Investing - Help with Personal Investments
Topic: How to put 53K in tax advantaged account
Replies: 10
Views: 1427

Re: How to put 53K in tax advantaged account

You need to get your employer to change the plan to have a MANDATORY percentage contribution from each employee, 10% would be good, but likely won't happen. Then with a $200k salary you'd be able to shelter $20k + match + $18k. That's the general way it's done. More common in 403(b) plans at college...
by The Wizard
Mon Sep 26, 2016 9:11 am
Forum: Personal Consumer Issues
Topic: Shopping for an adventure wagon
Replies: 7
Views: 821

Re: Shopping for an adventure wagon

Definitely those Subaru models.
They even have TV ads about this sort of thing...
by The Wizard
Mon Sep 26, 2016 7:26 am
Forum: Personal Finance (Not Investing)
Topic: Can I pay off the 1k of credit card balance this way?
Replies: 15
Views: 1294

Re: Can I pay off the 1k of credit card balance this way?

I like to pay off my short term debts (credit cards) first, before looking at "leftover" income as being available for investing. I have at least three "paydays" each month in retirement now and I often have recent charges paid off before they appear on my bill. OP should conside...
by The Wizard
Sat Sep 24, 2016 4:40 pm
Forum: Investing - Help with Personal Investments
Topic: Newly retired Police Sergeant 457(b) plan [Pennsylvania]
Replies: 14
Views: 1681

Re: Newly retired Police Sergeant 457(b) plan [Pennsylvania]

Where is good old OfficerMetz (ofcmetz) when we need him?
by The Wizard
Sat Sep 24, 2016 1:08 pm
Forum: Investing - Theory, News & General
Topic: Do Bogleheads Bucket?
Replies: 87
Views: 6938

Re: Do Bogleheads Bucket?

Some people even CONFUSE buckets with accounts or cash flow streams. Since people in general have 1) tax deferred accounts, 2) Roth accounts, and 3) taxable accounts, I'm not sure how the average bucketeer keeps track of some buckets which may span all three types of accounts. But that's fine, this ...
by The Wizard
Sat Sep 24, 2016 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Request to add income to credit card profile
Replies: 10
Views: 880

Re: Request to add income to credit card profile

I've gotten the income question when I've applied for an increase in a credit card line.
So I guess I can either put in a dollar amount or cancel the request for credit limit increase...
by The Wizard
Sat Sep 24, 2016 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Request to add income to credit card profile
Replies: 10
Views: 880

Re: Request to add income to credit card profile

This has been discussed previously here.
Seems to be a lame attempt of banks to comply with a Homeland Security initiative that wasn't well thought out.
It may possibly also be used to screen respondents for marketing campaigns.
Nothing seems to happen to most folks who ignore this intrusion...
by The Wizard
Fri Sep 23, 2016 3:41 pm
Forum: Personal Consumer Issues
Topic: Cancun, Grand Cayman or Other Caribbean Islands
Replies: 26
Views: 1714

Re: Cancun, Grand Cayman or Other Caribbean Islands

To All: We are not drinkers, so I am wondering if it is worth staying at all inclusive properties at all, especially if they charge for a 3-year old. Any thoughts? You'll have to decide. I d recommend Jamaica as well. I go there infrequently to adult AIs nowadays, but they have family AIs also, suc...
by The Wizard
Thu Sep 22, 2016 2:21 pm
Forum: Investing - Theory, News & General
Topic: Conversion to ROTH
Replies: 18
Views: 1247

Re: Conversion to ROTH

Let's look at this in more detail. Vanguard Total Stock has about 2% mostly qualified dividends, which works out to about a 0.3% yearly drag. Over 10 years, say 3% loss. Instead of $5000 in your taxable account, you have $4925. After paying 15% CG taxes on the gains in the taxable account one is le...
by The Wizard
Thu Sep 22, 2016 1:01 pm
Forum: Investing - Theory, News & General
Topic: Conversion to ROTH
Replies: 18
Views: 1247

Re: Conversion to ROTH

Find the part of this discussion that deals with the commutative property of multiplication. https://www.bogleheads.org/wiki/Traditional_versus_Roth Paying 25% now vs paying 25% later results in the exact same amount of money in your pocket. Yes, there is more tax if you pay 25% later because it is...
by The Wizard
Thu Sep 22, 2016 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Threshold for pre-notifying credit card companies?
Replies: 40
Views: 2464

Re: Threshold for pre-notifying credit card companies?

If this gets worse, the solution may be to have three general purpose CCs and alternate between them to the extent possible...
by The Wizard
Thu Sep 22, 2016 9:50 am
Forum: Investing - Theory, News & General
Topic: Conversion to ROTH
Replies: 18
Views: 1247

Re: Conversion to ROTH

To do a Roth conversion you must pay the taxes. If you keep the Traditional account, you can invest the dollars you would use to pay the taxes. Take a simple example, assuming you're in the 25% bracket both working and in retirement. Take $10,000 "extra" out of your tIRA and you'll owe $2...
by The Wizard
Thu Sep 22, 2016 9:36 am
Forum: Investing - Theory, News & General
Topic: Conversion to ROTH
Replies: 18
Views: 1247

Re: Conversion to ROTH

To do a Roth conversion you must pay the taxes. If you keep the Traditional account, you can invest the dollars you would use to pay the taxes. Well yes, of course. But paying low taxes now at the expense of paying way higher taxes later may not be close to optimal. You need to analyze your own sit...
by The Wizard
Thu Sep 22, 2016 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Threshold for pre-notifying credit card companies?
Replies: 40
Views: 2464

Re: Threshold for pre-notifying credit card companies?

Paying your balance down on a CC more frequently *might* help.
I pay mine down 2-3 times per month as income hits the ole checking account.
Any half decent algorithm will take a payment to mean the CC is presently not stolen...
by The Wizard
Thu Sep 22, 2016 8:38 am
Forum: Personal Consumer Issues
Topic: Aging and Spending
Replies: 25
Views: 3416

Re: Aging and Spending

For those of us who are moving along the age spectrum (let's say 65+), I was wondering if you find yourself indulging in things you might not have 10 or 20 years ago. Are you feeling that time is starting to run out a bit, so you better start doing and buying things you didn't used to? If so, what ...
by The Wizard
Thu Sep 22, 2016 8:01 am
Forum: Investing - Theory, News & General
Topic: Do Bogleheads Bucket?
Replies: 87
Views: 6938

Re: Do Bogleheads Bucket?

One thing that would be useful in understanding bucket strategies would be to analyze the time-varying AA of the typical bucketeer's total portfolio: 1) stock funds 2) bond funds 3) cash equivalents In my case, I'd have to add CRE (TREA) as a category, but let's keep it simple. We'd also need to kno...
by The Wizard
Thu Sep 22, 2016 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Threshold for pre-notifying credit card companies?
Replies: 40
Views: 2464

Re: Threshold for pre-notifying credit card companies?

I've not had any problems like this with my Cap One Visa and they better not start, either. :annoyed

I always notify them of foreign travel, even to Canada, but that's a different issue...
by The Wizard
Thu Sep 22, 2016 6:58 am
Forum: Investing - Help with Personal Investments
Topic: Roth IRA contribution limit and other questions
Replies: 6
Views: 739

Re: Roth IRA contribution limit and other questions

Too many questions in the OP. You have a combined $5500 contribution limit for tIRA + Roth IRA. At some point, if you get beyond $1.5 million or so in your 401k + tIRA, it may make sense to contribute a portion to Roth 401k if available, or to your taxable account. Have to run the estimated retireme...
by The Wizard
Wed Sep 21, 2016 4:45 pm
Forum: Investing - Theory, News & General
Topic: Do Bogleheads Bucket?
Replies: 87
Views: 6938

Re: Do Bogleheads Bucket?

...Pretty much, you want safe money to draw from when the stock market is down. In the event of a bear market, you want to allow enough time for the stocks to recover. In the Lucia and similar bucket strategies, does one rebalance into stocks when they are down significantly? So that then you have ...
by The Wizard
Wed Sep 21, 2016 2:58 pm
Forum: Investing - Theory, News & General
Topic: Do Bogleheads Bucket?
Replies: 87
Views: 6938

Re: Do Bogleheads Bucket?

...Pretty much, you want safe money to draw from when the stock market is down. In the event of a bear market, you want to allow enough time for the stocks to recover. In the Lucia and similar bucket strategies, does one rebalance into stocks when they are down significantly? So that then you have ...
by The Wizard
Wed Sep 21, 2016 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: "Women and Investing" class offered by Employer
Replies: 84
Views: 5801

Re: "Women and Investing" class offered by Employer

Of course the seminar is not usually intended to help you DIY. It is intended to interest (or scare) you enough to make a follow-up appointment, where the real selling starts. If that's what this one is, you have to wonder who agreed to set up the women of this company Probably, yes. I think it's c...
by The Wizard
Wed Sep 21, 2016 12:25 pm
Forum: Personal Consumer Issues
Topic: Having intermittent problem with Visa chip card
Replies: 20
Views: 1166

Re: Having intermittent problem with Visa chip card

No problems like that with my chip cards. Sounds like a possible "unusual use pattern" was detected. When a card is stolen, the perp generally tries to charge a bunch of stuff in a few hours before it gets reported and shut down. You may have tripped that algorithm switch. Odd that the rep...
by The Wizard
Wed Sep 21, 2016 12:06 pm
Forum: Personal Consumer Issues
Topic: Benartzi in WSJ: "How to get more out of retirement spending"
Replies: 8
Views: 1384

Re: Benartzi in WSJ: "How to get more out of retirement spending"

I read the article. It's not behind the WSJ firewall. It reads more like a sermon than a financial analysis article. I didn't find anything especially compelling in it. In my own retirement, 3.5 years in, I have a modest upramp in retirement income and expect to see that continue, especially for my ...
by The Wizard
Tue Sep 20, 2016 9:02 pm
Forum: Investing - Theory, News & General
Topic: Do Bogleheads Bucket?
Replies: 87
Views: 6938

Re: Do Bogleheads Bucket?

I think buckets are just labels for doing what Bogleheads do anyway, and maybe a psychological ploy. Bogleheads retirees do not sell equities when they are down. They withdraw from non-equities, but don't bother with the term bucket. They might even buy more equity (rebalance) in down markets. Now ...
by The Wizard
Tue Sep 20, 2016 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: "Women and Investing" class offered by Employer
Replies: 84
Views: 5801

Re: "Women and Investing" class offered by Employer

ImaBeginner wrote:Nothing stoppping you from going. May be fun to be the sole student in the class, and a male.

I suspect they will have bouncers at the door to verify gender...
by The Wizard
Tue Sep 20, 2016 5:29 pm
Forum: Personal Consumer Issues
Topic: Losing cell phone memory; not sure why or how to stop it!
Replies: 10
Views: 735

Re: Losing cell phone memory; not sure why or how to stop it!

May be best to go over to HowardForums and ask this question there...
by The Wizard
Tue Sep 20, 2016 3:58 pm
Forum: Investing - Theory, News & General
Topic: Do Bogleheads Bucket?
Replies: 87
Views: 6938

Re: Do Bogleheads Bucket?

Bucketizing is an artifice. It often amounts to an effective lowering of the stocks percentage of your AA, which isn't necessarily a bad thing in retirement. But then it present the question: how do I time the reloading of my buckets? That's right, I used the word time, as in market timing. Better f...
by The Wizard
Tue Sep 20, 2016 3:44 pm
Forum: Investing - Theory, News & General
Topic: Do Bogleheads Bucket?
Replies: 87
Views: 6938

Re: Do Bogleheads Bucket?

No, we don't bucket.
In fact, we try to convince bucketeers of the folly of their method and reform them...
by The Wizard
Tue Sep 20, 2016 3:21 pm
Forum: Investing - Help with Personal Investments
Topic: Strategies to reduce illogical worries?
Replies: 36
Views: 2504

Re: Strategies to reduce illogical worries?

OP: can you walk me through the process on how crowd-funding might take over a good-sized company such as Procter&Gamble?
I admit to being naive on how this would work...
by The Wizard
Tue Sep 20, 2016 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone accidentally tell a friend about your inheritance?
Replies: 83
Views: 9072

Re: Anyone accidentally tell a friend about your inheritance?

Late to the thread but a couple points. OP, what is your current income and job status? I can't tell if you've just graduated college or what. And you really SHOULD keep this $$ invested for the long term, not just say that as a cover story. If you're not already maxing out your 401(k) and Roth IRA,...
by The Wizard
Tue Sep 20, 2016 2:10 pm
Forum: Personal Consumer Issues
Topic: Advice on snowblower
Replies: 62
Views: 2670

Re: Advice on snowblower

Another maintenance item for snowblowers, oddly enough, is keeping the tire pressures close to the same. Mine are spec'd at 18 psi max and I keep them at that during the season. If one tire is more than a couple psi lower than the other, the blower will turn slightly toward the low tire instead of g...
by The Wizard
Tue Sep 20, 2016 1:17 pm
Forum: Personal Consumer Issues
Topic: Advice on snowblower
Replies: 62
Views: 2670

Re: Advice on snowblower

Thanks gd. Living in the country as I do, I am limited to really just a Sears,Home Depot and Lowes about 15 minutes away. No other power stores near me. HD and Lowes both sell them around 6-800ish. Not really sure on quality from these large box stores? Huh. My experience is that those sorts of sto...
by The Wizard
Tue Sep 20, 2016 11:46 am
Forum: Personal Consumer Issues
Topic: Ideas for adult brothers vacation
Replies: 24
Views: 1720

Re: Ideas for adult brothers vacation

Arizona and Utah would be good that time of year, more March than May.

Another option is to do a dive trip for a week, in the Caribbean.
You have time to get scuba certified before March, so no excuses.
Here's one of my favorite places for a dive trip: http://www.buddydive.com/blankslate/
by The Wizard
Tue Sep 20, 2016 11:30 am
Forum: Personal Consumer Issues
Topic: Cities like New Orleans?
Replies: 112
Views: 5202

Re: Cities like New Orleans?

You can tell you're in Louisiana, NO or elsewhere, when your Bloody Mary comes with a pickled okra on the long toothpick...
by The Wizard
Tue Sep 20, 2016 11:23 am
Forum: Personal Finance (Not Investing)
Topic: RMDs
Replies: 11
Views: 1236

Re: RMDs

SpringMan wrote:I find it weird that Roth 401(k)s left with the company have RMDs at age 70.5, however a Roth 401(k) can be rolled over to a Roth IRA avoiding RMDs during the lifetime of the original owner. Seems like one would be crazy to not rollover a Roth 401(k) to a Roth IRA.

They would, yes...
by The Wizard
Tue Sep 20, 2016 10:59 am
Forum: Personal Consumer Issues
Topic: Cities like New Orleans?
Replies: 112
Views: 5202

Re: Cities like New Orleans?

I exaggerated a little, but not much. Different strokes for different folks. You can find good food everywhere but it's harder in south except for bbq. Shrimp and grits is the worst dish ever. DC area is great, Chicago is the midwestern oasis. Not a big SF fan (craziest traffic ever). There are man...
by The Wizard
Tue Sep 20, 2016 10:55 am
Forum: Personal Consumer Issues
Topic: Vacation bundling sites (Expedia, Priceline, etc)
Replies: 14
Views: 1226

Re: Vacation bundling sites (Expedia, Priceline, etc)

I generally buy vacation components separately nowadays. For Caribbean travel in particular, I've researched where I want to stay fairly well and am not looking for a generic low price getaway to some resort I've never heard of before. You'll find a lot of those types of ads for places in Jamaica, D...
by The Wizard
Mon Sep 19, 2016 4:15 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on TIAA Traditional and TIAA Real Estate given my AA?
Replies: 20
Views: 1630

Re: Thoughts on TIAA Traditional and TIAA Real Estate given my AA?

" You already learned this lesson once." Sorry. I missed the "lesson." Is it liquidity? That doesn't matter for those of us for whom the Traditional account is a "keeper." I love the illiquidity--it protects against the panic of the masses, as witnessed by the panic pl...
by The Wizard
Mon Sep 19, 2016 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: High Income/Wealthish annual expenses framework
Replies: 11
Views: 1545

Re: High Income/Wealthish annual expenses framework

afan wrote:...The nanny expectation implies the wife/ girlfriend would be working, so you need to factor in that income...

I'm not sure about that implication.
Because the Wealthy, you see,
differ from you and me...
by The Wizard
Mon Sep 19, 2016 1:35 pm
Forum: Investing - Help with Personal Investments
Topic: Cash for RMDs?
Replies: 10
Views: 961

Re: Cash for RMDs?

I start RMDs in 2020. I'll probably reinvest the bulk of the proceeds in my taxable account as others have mentioned. But I'll probably use broad stock index funds for tax efficiency, no bond funds in taxable, unless I feel the need for a muni bond fund. So over time then, it likely will make sense ...

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