Search found 316 matches

by artthomp
Tue Aug 22, 2017 2:13 pm
Forum: Personal Consumer Issues
Topic: How far would you travel to see The Eclipse?
Replies: 259
Views: 14901

Re: How far would you travel to see The Eclipse?

We watched the eclipse from our front yard - totality lasted about 1.5 minutes!
by artthomp
Mon Jul 24, 2017 1:38 pm
Forum: Investing - Theory, News & General
Topic: US and International Bond Fund Allocation
Replies: 109
Views: 8530

Re: US and International Bond Fund Allocation

The Vanguard Retirement Income Fund has the following bond allocations: Vanguard Total Bond Fund 37.3% Vanguard Short Term Inflation Protected Bonds 16.8% Vanguard Total International Bond Fund 15.9% or 15.9 / (37.3+16.8+15.9=70) = 23% International bonds When I re-balance my portfolio (once a year ...
by artthomp
Thu Jul 13, 2017 2:45 pm
Forum: Personal Consumer Issues
Topic: Shopping for first bike since I was a kid
Replies: 121
Views: 7308

Re: Shopping for first bike since I was a kid

When I was 73 years old and recovering from hip surgery I discovered I could more easily ride a stationary bike than walk any distance. The physical therapist suggested I might investigate the purchase of a "surfer" bike. The first bike I purchased was a Schwinn 7 speed bike for $200 at Kmart. I rod...
by artthomp
Wed Jun 21, 2017 10:15 am
Forum: Personal Consumer Issues
Topic: What is your car's average cost ownership?
Replies: 70
Views: 5616

Re: What is your car's average cost ownership?

2003 Honda CRV - 150,00 miles. Original purchase price $20,000. Estimated repair cost $1,000
$20,000 + $1,000 = $21,000 / 14 years = $1,500/year.
We have a newer car for long trips,
by artthomp
Fri May 12, 2017 2:23 pm
Forum: Investing - Theory, News & General
Topic: Retirees, what is your marginal tax rate?
Replies: 102
Views: 10233

Re: Retirees, what is your marginal tax rate?

Retired in 2006. My wife had an exceptional couple of harvests on her rental farm in Oklahoma so, for 2016, our marginal tax rate was 25% on ordinary income, 15% on capital income, and our effective rate was 14%. Assuming no farm income next year, our marginal tax rate will be 15% on ordinary income...
by artthomp
Wed Apr 26, 2017 4:06 pm
Forum: Personal Consumer Issues
Topic: Are CCRCs a good deal? [Continuing Care Retirement Community]
Replies: 30
Views: 3230

Re: Are CCRCs a good deal? [Continuing Care Retirement Community]

My father passed away in 2006 He moved into a CCRC 15 years ago here in the Midwest. At first he lived in an independent living apartment at a fairly reasonable rate. He enjoyed it. Later he moved into assisted living. He enjoyed it. Finally the staff at that facility decided he needed to move into ...
by artthomp
Thu Mar 23, 2017 3:32 pm
Forum: Investing - Help with Personal Investments
Topic: Online Retirement Planner Tools
Replies: 10
Views: 1541

Re: Online Retirement Planner Tools

I like the Vanguard IRS Required Distribution calculator https://personal.vanguard.com/us/insigh ... r-rmd-tool
by artthomp
Thu Mar 23, 2017 3:25 pm
Forum: Investing - Theory, News & General
Topic: Why nobody talk about cash allocation ?
Replies: 17
Views: 2334

Re: Why nobody talk about cash allocation ?

I'm 77 years old, retired. I allocate 2% of the portfolio to Money Market Funds to have it instantly available if I need it whenever I re-balance. I don't often use it all but I always re-balance to 2% Money Market Funds,
by artthomp
Tue Mar 21, 2017 2:09 pm
Forum: Investing - Theory, News & General
Topic: What's your strategy for withdrawing funds in Retirement ?
Replies: 57
Views: 7355

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

I am 77 and retired. We receive Social Security and a company pension. Because of my age, I'm required to take an IRS Required Minimum Distribution each year. Since this is greater amount than required for our living expenses, I withhold our entire federal and state taxes from it and take any extra ...
by artthomp
Sun Mar 12, 2017 12:28 pm
Forum: Investing - Theory, News & General
Topic: Reasons not to check the account balance too often
Replies: 42
Views: 4570

Re: Reasons not to check the account balance too often

Since approximately 70% of my investments at Vanguard are still in Vanguard Mutual Funds, I cannot really get accurate quotes on the value of my total portfolio during the day so I download my overall results from Vanguard a couple of hours after the market close to get accurate information for the ...
by artthomp
Tue Mar 07, 2017 8:16 am
Forum: Personal Finance (Not Investing)
Topic: How Much in Your Emergency Fund And Is It Used?
Replies: 188
Views: 20655

Re: How Much in Your Emergency Fund And Is It Used?

I leave 2% of my portfolio in cash when I re-balance once a year when I have to take my IRS Required Distribution.
by artthomp
Wed Feb 22, 2017 11:47 am
Forum: Investing - Theory, News & General
Topic: Retiree Accumulation/Withdrawal Phase -- How many funds do you have? Allocation? Withdrawal strategy?
Replies: 90
Views: 8521

Re: Retiree Accumulation/Withdrawal Phase -- How many funds do you have? Allocation? Withdrawal strategy?

I am 77 years old (next month - March 15, 2017) and I've been retired 11 years. I have a pension from a former employer which I have been receiving for 23 years (early retirement). My wife and I also receive Social Security. I allocate my IRA, my Roth IRA, and my taxable in the proportions of the Va...
by artthomp
Sun Jan 22, 2017 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Do you check your credit reports annually?
Replies: 48
Views: 3399

Re: Do you check your credit reports annually?

Our Discover Card bill displays our credit score every month on our bill.
by artthomp
Sun Jan 01, 2017 11:39 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1527
Views: 270440

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

My wife and I are in our mid-70's and retired. We manage our portfolios separately. I try to follow the allocation scheme used in the Vanguard Retirement Income Fund but since I withhold all of my federal and Missouri state taxes, I ended 2016 +3.0% (the Vanguard Retirement Income Fund ended 2016 +5...
by artthomp
Wed Dec 28, 2016 2:39 pm
Forum: Personal Consumer Issues
Topic: At what age, income, and NW would you buy a $50k car?
Replies: 174
Views: 13391

Re: At what age, income, and NW would you buy a $50k car?

I wouldn't - not when I bought my 2003 Honda CRV (with 150,000 miles so far) for $20,000 ($1,540 - year). I cannot understand why people pay $50,000+ for a Range Rover which doesn't have any more functionality than my Honda (at least from my point of view)! Maybe the reason I feel this way is that I...
by artthomp
Wed Dec 28, 2016 2:24 pm
Forum: Investing - Theory, News & General
Topic: How many of you invest 100% at Vanguard?
Replies: 118
Views: 9425

Re: How many of you invest 100% at Vanguard?

We are 100% invested at Vanguard except for some accounts at a local bank, our residence, and some farmland my wife inherited.
by artthomp
Tue Dec 27, 2016 3:45 pm
Forum: Investing - Help with Personal Investments
Topic: Moving from VTI+VXUS to VT (super lazy portfolio)
Replies: 8
Views: 1757

Re: Moving from VTI+VXUS to VT (super lazy portfolio)

I guess I've taken a middle road. My Roth IRA is relatively smaller so I use VT (Global stocks) to avoid re-balancing. Since I am using a modified Retirement Income allocation and want a 30/70 allocation for equities I use the following formulas for my other equity allocations (still traditional IRA...
by artthomp
Tue Dec 13, 2016 10:10 am
Forum: Local Chapters and Bogleheads Community
Topic: How Did You Become A Boglehead? What Led You Here?
Replies: 168
Views: 17119

Re: How Did You Become A Boglehead? What Led You Here?

Sometime in the 1980's my company suggested Fidelity for my equity savings (the heyday of Peter Lynch I think) and Vanguard for my fixed income savings (low cost). After a flirtation with American Express around 1998 (at least the representative introduced me to the importance of asset allocation), ...
by artthomp
Thu Dec 08, 2016 11:48 am
Forum: Investing - Theory, News & General
Topic: Vanguard - Best Practices for Rebalancing
Replies: 2
Views: 713

Re: Vanguard - Best Practices for Rebalancing

I re-balance annually when I have to take my IRS Required Distribution.
by artthomp
Thu Dec 08, 2016 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Living Trust vs Transfer on Death [Suze Orman Protection Portfolio]
Replies: 23
Views: 3025

Re: Living Trust vs Transfer on Death [Suze Orman Protection Portfolio]

We tried to setup our entire estate as transfer on death but found that there was no way to do this for my wife's 80 acre inherited farm in Oklahoma (we live in Missouri) so we set up a trust and placed most of our assets in it.
by artthomp
Thu Nov 24, 2016 10:31 am
Forum: Investing - Theory, News & General
Topic: How often do you hit your rebalancing bands?
Replies: 31
Views: 2959

Re: How often do you hit your rebalancing bands?

I don't have re-balancing bands but I re-balance once a year when I have to take an IRS Required Distribution. I did a little investigating on my traditional IRS required distribution experience and I thought you might be interested in my results. I have been required to take IRS Required Distributi...
by artthomp
Thu Nov 24, 2016 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Do you track your net worth? How long have you done so?
Replies: 110
Views: 10045

Re: Do you track your net worth? How long have you done so?

I can track my net worth any market day by downloading the closing values from Vanguard. I have over time developed a spreadsheet consisting of several worksheets that allows me to track my wife's and my investments, my IRS Required Distributions, etc.
by artthomp
Tue Aug 30, 2016 4:29 pm
Forum: Investing - Theory, News & General
Topic: Farmland investing
Replies: 35
Views: 5133

Re: Farmland investing

My wife inherited 80 acres in Oklahoma. She is a renter and receives 1/3 of the crop. Up until recent years wheat was harvested on her land. In the last few years she had very profitable Milo and Cotton crops. The total profits exceed the original estimates for the value of the land. My wife gets qu...
by artthomp
Thu Aug 11, 2016 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Unexpected Comparison - High Deductible Plan F to Regular Plan F in New York
Replies: 7
Views: 1015

Re: Unexpected Comparison - High Deductible Plan F to Regular Plan F in New York

Missouri pricing for Humana medigap F plan. Humana F plan $266.93/month * 12 = $3,203/year Humana High-Deductible F Plan $87.76/month * 12 = $1,053.12 + $2,180/yearly deductible = $3,233.12 So in a high medical cost year one would pay $3.233.12 - $3,203 = $30.12 more But in a low medical cost year o...
by artthomp
Fri Aug 05, 2016 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: How are taxes different after retirement?
Replies: 39
Views: 4218

Re: How are taxes different after retirement?

I retired in 2006. Our incremental tax federal rate in 2006 was 15% (I was 66 years old) and (Capital gains and Dividend income rate was 0). When I reached age 70.5 and had to start taking IRS Required Minimum Distributions (2010), our incremental federal tax rate increased to 25% (Capital gains and...
by artthomp
Wed Aug 03, 2016 4:45 pm
Forum: Investing - Help with Personal Investments
Topic: Is my IRA really an IOU to the IRS??
Replies: 58
Views: 7066

Re: Is my IRA really an IOU to the IRS??

I don't think it's worked much like an IOU for me. I have been taking IRS Required Distributions since 2010 (corrected). The results are interesting. The increase in the traditional IRA from 2010 to 2016 is presently +7% The highest increase in the traditional IRA was from 2010 to 2015 was +11.6% Th...
by artthomp
Mon Jul 25, 2016 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: What does "full retirement age" really mean for SS?
Replies: 5
Views: 1330

Re: What does "full retirement age" really mean for SS?

I retired early at the suggestion of a Social Security representative. I had originally called to start Medicare part B. The conversation began this way as I remember "Why aren't you just retiring?" I was still working so she helped me retire at the beginning of the year in 2006 but held m...
by artthomp
Mon Jul 25, 2016 3:45 pm
Forum: Investing - Theory, News & General
Topic: Declining or Rising equity allocation in retirement?
Replies: 110
Views: 9063

Re: Declining or Rising equity allocation in retirement?

At the present it looks to me that we will have enough money for the rest of our lives. I am considering changing my portfolio allocation to provide a greater inheritance for our children. This would of course imply a greater equity allocation.
by artthomp
Mon Jul 25, 2016 3:40 pm
Forum: Investing - Theory, News & General
Topic: Reliving the Nightmare of the Crisis
Replies: 119
Views: 11399

Re: Reliving the Nightmare of the Crisis

I was down the value of my house (paid off in 1996) in 2009 and I decided not to re-balance (It would have required extensive selling of my fixed term portfolio). I would have been ahead if I had re-balanced since my overall portfolio hit all time highs in 2009!
by artthomp
Mon Jul 25, 2016 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: House value vs Net worth %?
Replies: 21
Views: 3245

Re: House value vs Net worth %?

76 years old - retired - House was paid off in 1996 - county appraisal today is approximately 15% of net worth.
by artthomp
Tue Jul 12, 2016 4:22 pm
Forum: Investing - Help with Personal Investments
Topic: What is your taxable account investing strategy?
Replies: 29
Views: 3924

Re: What is your taxable account investing strategy?

I'm 76 years old so I have been taking IRS Required Minimum Distributions since 2010. I still have approximately 80% of the investments I manage in a traditional IRA. After I take out my federal and state taxes for the year from the distribution I have been re-investing the excess in taxable equitie...
by artthomp
Tue Jul 12, 2016 4:09 pm
Forum: Personal Consumer Issues
Topic: Tax Preparation--Anyone try this as second income
Replies: 40
Views: 5978

Re: Tax Preparation--Anyone try this as second income

I took the H&R Block training in 2006 and worked for them that spring. Unfortunately my family likes to go to spring training in Jupiter, Florida for the month of March which is H&R Block's busy season. So I retired after one season with them. I thought the training was pretty good but do no...
by artthomp
Tue Jul 12, 2016 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have any retiree healthcare benefit from your employer?
Replies: 76
Views: 5176

Re: Do you have any retiree healthcare benefit from your employer?

I'm 76 years old and my former employer promised me a full early retirement and full retirement medical originally. My company did drop their employment insurance for me and my wife a couple or years ago but they now provide Medi-gap and Medicare-advantage selection support through Towers Watson One...
by artthomp
Sat Jul 09, 2016 11:32 am
Forum: Investing - Theory, News & General
Topic: What's your asset allocation and why?
Replies: 160
Views: 13602

Re: What's your asset allocation and why?

I'm am 76 years old and retired. I am allocating my IRA, Roth IRA, and my taxable in the proportions of the Vanguard Retirement Income fund (slightly modified). Note 1: I didn't want to use their fund directly for tax reasons. For example, as I take IRS Required Distributions I am investing excess t...
by artthomp
Sat Jul 09, 2016 11:23 am
Forum: Forum Issues and Administration
Topic: Please Try Out Test Posts Here
Replies: 192
Views: 159650

Re: Please Try Out Test Posts Here

Test - Art
by artthomp
Tue May 31, 2016 2:12 pm
Forum: Investing - Help with Personal Investments
Topic: Help with retirement investments
Replies: 13
Views: 1328

Re: Help with retirement investments

I am 75 years old and retired. When I became concerned about my asset allocation (2008-2009), I wrote a private message to the expert Diehard Bond expert, Mel Lindauer. He suggested I look at the Vanguard Retirement Income Fund. I examined it, liked it, and since I'm a fairly conservative investor, ...
by artthomp
Thu Apr 28, 2016 11:39 am
Forum: Investing - Help with Personal Investments
Topic: Help deciding if to ditch my financial advisor and DIY
Replies: 13
Views: 1310

Re: Help deciding if to ditch my financial advisor and DIY

The last time I checked the average Vanguard investor had an average Expense Ratio (ER) of .18%. I model my portfolio after the Vanguard Retirement Income Portfolio using entirely Index Funds and Index ETFs and my expense ratio is .10%. I'm 76 years old and I re-balance once a year. I don't think yo...
by artthomp
Thu Apr 14, 2016 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Where to buy part F Medicare?
Replies: 28
Views: 2459

Re: Where to buy part F Medicare?

You might consider a high-deductible Medicare F plan (around $2,000 deductible). Our premiums are about one/half what a full Medicare F plan costs and we come out ahead money-wise almost every year.
by artthomp
Thu Apr 14, 2016 10:15 am
Forum: Investing - Theory, News & General
Topic: BEST Portfolio Tracker
Replies: 33
Views: 4444

Re: BEST Portfolio Tracker

I think the best portfolio tracker for me is the MS EXCEL spreadsheet I created. Since my portfolio is 100% Vanguard Index Funds and ETFs, I don't really need a X-Ray program to tell me the Fund and ETF allocations. Also, I can download the current values of the funds and ETFs anytime I want, copy t...
by artthomp
Wed Apr 13, 2016 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: what's your Withdrawal Rate for this and last year?
Replies: 79
Views: 8731

Re: Retirees: what's your Withdrawal Rate for this and last year?

We are retired and have Social Security income and a pension. I am 76 years old so I have to make IRS Required Distributions from which I deduct all of our federal and state income taxes. including money used for vacations last year we withdrew 2.6% and this year we withdrew 2.0% investing the rest ...
by artthomp
Sat Mar 05, 2016 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Part D
Replies: 34
Views: 3009

Re: Medicare Part D

My wife and I are on Medicare. I need 3 prescription drugs. Two years ago I was able to get them through Medicare Part D for $120/year. Last year that insurance company raised the cost to me above $1,000 so I used m to try and find the least cost insurance for my generic prescriptions. When I checke...
by artthomp
Sat Mar 05, 2016 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: How much fed tax do you withhold?
Replies: 22
Views: 2322

Re: How much fed tax do you withhold?

We withhold 100% of our estimated federal and state taxes from my IRS Required Minimum Distribution (I will turn 76 this month). We spend some of the distribution and reinvest the rest in taxable Vanguard equity accounts.
by artthomp
Sat Mar 05, 2016 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Accountant costs
Replies: 18
Views: 1773

Re: Accountant costs

We own farming property in Oklahoma and my wife receives farm rental income from it. All the rest of our earnings come from Missouri. I paid our accountant $250 this year to calculate and help me claim income from the federal government, the state of Missouri, and the state of Oklahoma.
by artthomp
Tue Feb 23, 2016 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: What insurance/warranty products do you consider a waste of money?
Replies: 64
Views: 5612

Re: What insurance/warranty products do you consider a waste of money?

I'm 75 years old and I keep getting death insurance offers to cover funeral expenses. When either my wife or I die our estate will easily be able to pay final expenses.
by artthomp
Mon Feb 22, 2016 11:15 am
Forum: Personal Finance (Not Investing)
Topic: End of debit cards for me
Replies: 128
Views: 13786

Re: End of debit cards for me

We arranged to get an ATM only card. We have never had a real debit card and we don't intend to ever get one.
by artthomp
Sun Feb 14, 2016 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Retired - do you still save?
Replies: 38
Views: 4734

Re: Retired - do you still save?

I'm 75 years old. I withhold all of my federal and state taxes from my IRS Required Distribution. I also set aside 2% of the investment portfolio for any unexpected expenses when I rebalance. I then reinvest the rest of my IRS Distribution in taxable accounts at Vanguard (I consider this saving). Th...
by artthomp
Sat Feb 13, 2016 2:44 pm
Forum: Investing - Help with Personal Investments
Topic: Selling ETF Using A Limit Order
Replies: 12
Views: 1002

Re: Selling ETF Using A Limit Order

I only buy and sell Vanguard ETFs once a year to rebalance my portfolio. If I'm selling I usually set a limit order for the current bid and if I'm buying I usually set a limit order for the current ask. My orders usually execute immediately. I don't mind missing a fraction of a point since I only tr...
by artthomp
Thu Feb 04, 2016 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Tax rate on IRA withdrawal when on Social Security
Replies: 28
Views: 3185

Re: Tax rate on IRA withdrawal when on Social Security

Before we had to take IRS Required Minimum Distributions, we were in a 15% marginal rate (effective rate 12%, 0% capital gains and dividend income rate). As soon as we had to take the IRS Required Minimum Distribution, we jumped to a 25% marginal rate (effective rate 14%, 15% capital gains rate, and...
by artthomp
Mon Jan 25, 2016 3:30 pm
Forum: Investing - Theory, News & General
Topic: What is Your Bond Allocation & Location
Replies: 48
Views: 6934

Re: What is Your Bond Allocation & Location

My overall asset allocation is 30% equities / 70% fixed income The fixed income portion is allocated as follows: 2% VMMXX - Vanguard Money Market 38% VBTLX - Vanguard Total Bond Index 16% VTAPX - Vanguard Short-term Inflation-protected Index 14% VTABX - Vanguard Total International Bond Index ------...