Search found 1232 matches

by bengal22
Sun Oct 15, 2017 9:27 pm
Forum: Investing - Theory, News & General
Topic: Annuities-when and why?
Replies: 81
Views: 11382

Re: Annuities-when and why?

I have a pension, my wife's SSA, and some day my SSA. That's enough annuities for me. I think I can get a better return through investing than with annuities. Possibly, but just be aware that a 7% withdrawal ratio may not succeed in all instances... Please explain where the 7% withdrawal ratio came...
by bengal22
Fri Oct 13, 2017 9:32 pm
Forum: Investing - Theory, News & General
Topic: Annuities-when and why?
Replies: 81
Views: 11382

Re: Annuities-when and why?

I have a pension, my wife's SSA, and some day my SSA. That's enough annuities for me. I think I can get a better return through investing than with annuities. Possibly, but just be aware that a 7% withdrawal ratio may not succeed in all instances... Please explain where the 7% withdrawal ratio came...
by bengal22
Fri Oct 13, 2017 9:31 pm
Forum: Investing - Theory, News & General
Topic: Annuities-when and why?
Replies: 81
Views: 11382

Re: Annuities-when and why?

I have a pension, my wife's SSA, and some day my SSA. That's enough annuities for me. I think I can get a better return through investing than with annuities. SPIA is good if you think you may not have enough money to last or to make it simple for a surviving spouse. It is insurance sold by an insu...
by bengal22
Thu Oct 12, 2017 12:14 pm
Forum: Personal Consumer Issues
Topic: Is there boglehead consensus on buying a car?
Replies: 73
Views: 4748

Re: Is there boglehead consensus on buying a car?

I do not believe that there is a boglehead consensus on buying a car. In my humble opinion, the boglehead investment philosophy enables us to buy those things that we want to buy. If one works hard, lives WITHIN his means, invests wisely, then one can enjoy a brand new car of his choosing. Life is t...
by bengal22
Thu Oct 12, 2017 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: What is the process for liquidating inherited individual stocks?
Replies: 17
Views: 1081

Re: What is the process for liquidating inherited individual stocks?

I had a similar situation and I do not understand what there is to research. Each of the beneficiaries has inherited a certain number of a number of stocks. Each of the beneficiaries can do with the stocks what they want to do with the stocks. It is very easy(with a medallion letter) to distribute t...
by bengal22
Wed Oct 04, 2017 11:05 am
Forum: Investing - Theory, News & General
Topic: Annuities-when and why?
Replies: 81
Views: 11382

Re: Annuities-when and why?

I have a pension, my wife's SSA, and some day my SSA. That's enough annuities for me. I think I can get a better return through investing than with annuities.
by bengal22
Wed Oct 04, 2017 11:04 am
Forum: Investing - Theory, News & General
Topic: Annuities-when and why?
Replies: 81
Views: 11382

Re: Annuities-when and why?

I have a pension, my wife's SSA, and some day my SSA. That's enough annuities for me. I think I can get a better return through investing than with annuities.
by bengal22
Mon Sep 25, 2017 3:17 pm
Forum: Investing - Theory, News & General
Topic: VG wants everyone to transfer to a brokerage account?
Replies: 95
Views: 8555

Re: VG wants everyone to transfer to a brokerage account?

When I got my invitation, I replied back that under their corporate structure, I am one of the owners and I choose not to switch. So far that approach has worked.
by bengal22
Mon Sep 25, 2017 3:12 pm
Forum: Personal Consumer Issues
Topic: Tipping question....Applebees
Replies: 87
Views: 6768

Re: Tipping question....Applebees

My wife and I went to a pizza place for dinner last weekend. We ordered a small pizza to split. They brought out complimentary rolls and olive oil for dipping. We drink water with our meals. We had a nice meal, nice ambiance, and a chance to talk without distraction for an hour. Our bill was $11.99...
by bengal22
Sun Sep 24, 2017 9:07 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2613
Views: 831709

Re: What Book Are You Currently Reading? Part VI

A Legacy of Spies by John LeCarre

The return of George Smiley. Very good so far.
by bengal22
Sat Sep 23, 2017 7:31 am
Forum: Investing - Help with Personal Investments
Topic: Help?! My 70 year old father is 100% invested in equities
Replies: 79
Views: 7279

Re: Help?! My 70 year old father is 100% invested in equities

1). Most 70 year old still have active, fully functioning minds.

2). Your dad must be relatively savvy if he has 7 figures.

3). He must be very comfortable on how he is managing his money

4). Let him be unless asked.

Several roads leading to Dublin.
by bengal22
Sat Sep 23, 2017 7:26 am
Forum: Investing - Help with Personal Investments
Topic: IRS Letter
Replies: 6
Views: 663

Re: IRS Letter

I had a similar letter and I replied to their letter and documented where my deduction was correct. It take 4-6 weeks but one just has to be patient if you have the documentation and the confidence that you are correct. Now in the state that I live in I was able to handle a dispute via E Mail and th...
by bengal22
Fri Sep 22, 2017 12:33 pm
Forum: Investing - Theory, News & General
Topic: No More Saving???
Replies: 114
Views: 10438

Re: No More Saving???

Retired and still accumulating.
by bengal22
Fri Sep 22, 2017 12:31 pm
Forum: Investing - Help with Personal Investments
Topic: Identity theft protection
Replies: 1
Views: 188

Re: Identity theft protection

Signed up with Equifax several days ago but I guess they are so swamped they have not sent me the text I need to finalize. A little ironic that I turn to the company that leaked my vitals for protection.
by bengal22
Thu Sep 21, 2017 4:17 pm
Forum: Investing - Theory, News & General
Topic: "Find out if your fund is declaring a quarterly dividend this month."
Replies: 17
Views: 3366

Re: "Find out if your fund is declaring a quarterly dividend this month."

Thanks for the update. I always wonder(quarterly at least) why Vanguard does not post an easily seen alert that this list is posted on their web site. I always get the notification here on bogleheads.
by bengal22
Tue Sep 19, 2017 2:30 pm
Forum: Investing - Theory, News & General
Topic: What is the main purpose of rebalancing?
Replies: 59
Views: 4728

Re: What is the main purpose of rebalancing?

All main U.S. stock indexes are reaching historic new highs, and bond indexes are dropping. It seems to be a good time to rebalance. However, it is painful to sell the winners and buy the losers. So what is the main purpose of rebalancing? Is it preserving the stability of a portfolio, or increasin...
by bengal22
Tue Sep 19, 2017 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Where to park $200K cash?
Replies: 27
Views: 3712

Re: Where to park $200K cash?

Jack FFR1846 wrote:
Mon Sep 18, 2017 9:39 am
Move $35 to a Redneck Bank Megamoney account at 1.5%. You could also do a checking account for 1.5% but it's the typical "jump through 10 flaming hoops a month" kinda thing.
Never would have guessed a RedNeck Bank actually existed.
by bengal22
Tue Sep 19, 2017 9:28 am
Forum: Investing - Help with Personal Investments
Topic: If you don't care about optimal performance?
Replies: 17
Views: 1030

Re: If you don't care about optimal performance?

Optimum performance does not mean maximum results possible. It just means the best outcome realized within an acceptable risk. I believe we all seek the optimum performance.
by bengal22
Mon Sep 18, 2017 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: How much to pay for a simple will in Philly area?
Replies: 4
Views: 373

Re: How much to pay for a simple will in Philly area?

As long as the kids get along, being an executor is really not that difficult. Especially if you have your investments set up as beneficiaries or TOD. I helped the wife with my FIL's estate and it included a car, house, little stock, and bank accounts and it was very simple. I do not see a need for ...
by bengal22
Fri Sep 15, 2017 11:44 am
Forum: Personal Consumer Issues
Topic: 1st medical bill, already overdue and threaten to send to collection
Replies: 44
Views: 3897

Re: 1st medical bill, already overdue and threaten to send to collection

We had a similar situation and within a week of contacting our State Insurance Board the problem was resolved. Sounds like your issue is resolved but one should never hesitate to contact your State Insurance Board to resolve these 2nd/3rd layer out of network issues. The insurance company and hospit...
by bengal22
Thu Sep 14, 2017 9:16 am
Forum: Personal Consumer Issues
Topic: Do you pay for yardwork?
Replies: 71
Views: 8027

Re: Do you pay for yardwork?

Sometimes my back hurts.
by bengal22
Mon Sep 11, 2017 2:26 pm
Forum: Personal Consumer Issues
Topic: Should I sell a car to simplify?
Replies: 16
Views: 1066

Re: Should I sell a car to simplify?

I would not sell the 3rd car just "to simplify." I mean how complicated is it to maintain the 3rd car?
However, if you think it is a waste of money than by all means, sell it.
"Simplify" as a motivation is overrated.
by bengal22
Wed Sep 06, 2017 9:43 pm
Forum: Personal Consumer Issues
Topic: Companies/Brands You Love?
Replies: 157
Views: 10066

Re: Companies/Brands You Love?

Graeter's ice cream Marion's pizza WARPED Wing beer Mikesell potatoe chips Fox News Are any of these real? The first 4 are either Dayton or Cincinnati home products. However, Graeters ice cream is sold at grocery stores in 49 state. I would highly recommend all of these local treats. None would be ...
by bengal22
Wed Sep 06, 2017 9:42 pm
Forum: Personal Consumer Issues
Topic: Companies/Brands You Love?
Replies: 157
Views: 10066

Re: Companies/Brands You Love?

daveydoo wrote:
Wed Sep 06, 2017 9:07 pm
bengal22 wrote:
Tue Sep 05, 2017 7:31 pm
Graeter's ice cream
Marion's pizza
WARPED Wing beer
Mikesell potatoe chips
Fox News
Are any of these real?
The first 4 are either Dayton or Cincinnati home products. However, Graeters ice cream is sold at grocery stores in 49 state. I would highly recommend all of these local treats.
by bengal22
Tue Sep 05, 2017 7:31 pm
Forum: Personal Consumer Issues
Topic: Companies/Brands You Love?
Replies: 157
Views: 10066

Re: Companies/Brands You Love?

Graeter's ice cream
Marion's pizza
WARPED Wing beer
Mikesell potatoe chips
Fox News
by bengal22
Wed Aug 23, 2017 10:56 am
Forum: Investing - Help with Personal Investments
Topic: What do you do with RMD money you don't need?
Replies: 51
Views: 4225

Re: What do you do with RMD money you don't need?

RMDs are a pita if you don't need the money for living expenses. I do a combination of the options that you listed. Most of it is reinvested in taxable accounts. Having to invest the money in a taxable account aggravates me. I've made significant contributions to charities and learned that once is ...
by bengal22
Sun Aug 13, 2017 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Do I really need a trust?
Replies: 55
Views: 5786

Re: Do I really need a trust?

Maybe I am being foolish but I live in Ohio and I do not see any reason whatsoever for a trust. I did a DIY will based upon my FIL and I set up beneficiaries for my mutual funds and IRA's. I realize that when I pass on my wife will have to redo these beneficiaries to pass things on to the kids(curre...
by bengal22
Fri Aug 11, 2017 1:12 pm
Forum: Investing - Theory, News & General
Topic: "Honesty like that is rare!"
Replies: 47
Views: 7306

Re: "Honesty like that is rare!"

People might realize that all they really need to do is invest in a Vanguard Target XXXX fund and they could save the advisory fee(no matter how small it is),
by bengal22
Sat Aug 05, 2017 9:44 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Puts Rivals on Notice: Fee Wars Will Only Heat Up
Replies: 62
Views: 6139

Re: Vanguard Puts Rivals on Notice: Fee Wars Will Only Heat Up

Interesting discussion... In my experience, having been with Vanguard for about 40 years and seen by portfolio rise beyond all expectations (not Vanguard's doing, just thrifty and a rising market), I have never received any solicitation from them for anything. Chopped liver or what?? The Greying Du...
by bengal22
Sat Aug 05, 2017 2:40 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Puts Rivals on Notice: Fee Wars Will Only Heat Up
Replies: 62
Views: 6139

Re: Vanguard Puts Rivals on Notice: Fee Wars Will Only Heat Up

Fidelity and Schwab can offer all the loss leader index funds they want at .05% less than Vanguard - I'm not biting. I'm sticking with Vanguard. A client of mine had a multi-million dollar portfolio of index funds at Fidelity and he died leaving it to his widow. She was not financially adept and Fi...
by bengal22
Thu Aug 03, 2017 7:50 pm
Forum: Personal Consumer Issues
Topic: belts for dress pants
Replies: 37
Views: 2455

Re: belts for dress pants

Ahhhh, where is the Munchkin Man when you really need his input.
by bengal22
Wed Aug 02, 2017 2:13 pm
Forum: Investing - Theory, News & General
Topic: Why is it hard to beat the market?
Replies: 45
Views: 3373

Re: Why is it hard to beat the market?

Because the market is efficient(reflects current situation quickly and accurately) it is hard to beat the market(49.9%;luck if you do all the time) but it is easy to match the market(buy a fund that mimics the market). The real kicker is that this makes the expense ratio very critical because that i...
by bengal22
Tue Aug 01, 2017 7:10 am
Forum: Investing - Theory, News & General
Topic: [Fidelity Beats Vanguard on Total Expenses for 14 Index Mutual Funds]
Replies: 63
Views: 4574

Re: How Fidelity’s War With Vanguard Means Big Savings for Investors

Hopefully this doesn't mean that customer service will be heading south as well. That is the concern I have about the race to the bottom on fees. Low prices aren't everything, for example I don't shop at Wal-Mart. I think vanguard's issue is competence and training not number of workers. The stuff ...
by bengal22
Sat Jul 22, 2017 9:11 pm
Forum: Personal Consumer Issues
Topic: Books not to read.
Replies: 155
Views: 12599

Re: Books not to read.

Anything by Charles Darwin is not on my list.

On the other hand, Faulkner is an acquired taste. It helps to read a commentary along side. It's not casual reading but it's worth the effort. The Great Gatsby is something I read and enjoy every few years.
by bengal22
Sat Jul 22, 2017 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Kicking the net worth habit
Replies: 47
Views: 5512

Re: Kicking the net worth habit

For me, Net Worth is the most valuable measurement I have of my financial health. While my goal is not to bequeath a large sum of money, I realize that the larger my net worth the more that I will have to spend in retirement. I do include my house(minus mortgage) and it only represents about 15% of ...
by bengal22
Sat Jul 22, 2017 10:56 am
Forum: Personal Consumer Issues
Topic: Commuters (that drive), what do you listen to?
Replies: 60
Views: 3307

Re: Commuters (that drive), what do you listen to?

I don't commute but for 30 minute drives to pick up the grandkids, my current listening preference is Grateful Dead live cuts off of my I Pod. Of course, once I pick up the grandkids, I listen to her stuff(she's 3).
by bengal22
Sat Jul 22, 2017 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Restricted SS Spousal benifit
Replies: 10
Views: 1159

Re: Restricted SS Spousal benifit

Yes you can.
by bengal22
Tue Jul 11, 2017 5:20 pm
Forum: Investing - Theory, News & General
Topic: Hundreds laid off at Fidelity
Replies: 22
Views: 4458

Re: Hundreds laid off at Fidelity

Profits are what keeps this economy growing and helps the stock market keep that 8% return over the long haul. "Profit" is not a dirty word.
by bengal22
Sat Jul 08, 2017 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Does anyone use ANNUITIES for SOME of their retirement funds?
Replies: 61
Views: 4497

Re: Does anyone use ANNUITIES for SOME of their retirement funds?

Between pension, SSA, and RMD's I do not anticipate purchasing any annuities.
by bengal22
Thu Jul 06, 2017 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: Can you buy a house with little or no income?
Replies: 24
Views: 2292

Re: Can you buy a house with little or no income?

I bought a house since I have been in retirement and I have little income but based on my credit history and assets they gave me a mortgage. I for one do not think you need much income if you have the assets and strong history of paying your bills.
by bengal22
Thu Jul 06, 2017 8:05 pm
Forum: Investing - Help with Personal Investments
Topic: Medallion signature guarantee for smaller investments?
Replies: 12
Views: 999

Re: Medallion signature guarantee for smaller investments?

A bank will do this and for no charge. Have had to do it twice in the last year. They keep a stamp in the vault and it is quick and painless.
by bengal22
Thu Jul 06, 2017 11:27 am
Forum: Investing - Theory, News & General
Topic: What's the ideal safe retirement net worth target?
Replies: 225
Views: 34469

Re: What's the ideal safe retirement net worth target?

I really try not to overthink the whole net worth target thing. I retired when it felt right and just knew that I had enough. To justify my feeling, I know what my annual expenses are and I know what my eventual SSA payouts will be and I know what my pension is and will be. To me the first place to ...
by bengal22
Sat Jul 01, 2017 9:14 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone else got all their eggs in only the Vanguard basket?
Replies: 41
Views: 4336

Re: Anyone else got all their eggs in only the Vanguard basket?

About 66% Fidelity and 34% Vanguard. I like them both and would not feel comfortable having only 1 company.
by bengal22
Sat Jul 01, 2017 9:11 pm
Forum: Personal Consumer Issues
Topic: Bogleheads: you should be buying 10-year old cars
Replies: 173
Views: 14477

Re: Bogleheads: you should be buying 10-year old cars

Following the boglehead philosophy means we don't have to drive old "beaters" around town.
by bengal22
Sat Jul 01, 2017 4:51 pm
Forum: Investing - Theory, News & General
Topic: What may have led to the US stock sell-off on 6-30-17 at 3:50-4:00 p.m.?
Replies: 50
Views: 5464

Re: What may have led to the US stock sell-off on 6-30-17 at 3:50 to 4:00 p.m.?

Who knows. The media only guesses or makes up information regarding market movement. I for one don't worry about 10 minute blips or even 9 month downturns for that matter. In it for the long haul.
by bengal22
Sat Jul 01, 2017 11:50 am
Forum: Investing - Help with Personal Investments
Topic: Are Annuities A Worthwhile Retirement Investment?
Replies: 52
Views: 5780

Re: Are Annuities A Worthwhile Retirement Investment?

Of course, there is a price to be paid for having an annuity. That price is a possible lower total return on your assets. If you like having a known known - a guaranteed income stream - then annuities are for you. I tend to think of my overall portfolio as being an income generator. The income may b...
by bengal22
Sat Jul 01, 2017 11:40 am
Forum: Investing - Help with Personal Investments
Topic: Emergency fund money and asset allocation
Replies: 14
Views: 999

Re: Emergency fund money and asset allocation

I use a Stock/Bond/Short-Term(Cash/bank stuff) for my Asset Allocation. For me, the short term is important because most of the time it drags down the overall performance. I try to keep my short-term very very low for that reason. If it helps you keep your Stock/Bond balanced to have it separate the...
by bengal22
Fri Jun 23, 2017 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Got rear-ended: any reason not to go through my ins?
Replies: 30
Views: 3162

Re: Got rear-ended: any reason not to go through my ins?

I would notify your insurance agent. They can work with the person at fault's insurance coverage and save you the hassle. Never had a rate increase for my 3 incidents(one our fault: two others).
by bengal22
Fri Jun 23, 2017 12:17 pm
Forum: Investing - Theory, News & General
Topic: "10 Reasons Why Advisers Struggle To Keep Client Portfolios Simple"
Replies: 25
Views: 4198

Re: "10 Reasons Why Advisers Struggle To Keep Client Portfolios Simple"

I would think that if advisors devised simple 3 fund index portfolio, the clients would see that they could do it and save another .5-1% fee. Why does anyone need an advisor when it is so simple to have a 3 fund portfolio that needs annual(or less) balancing?