Search found 49 matches

by diehard
Tue Sep 12, 2017 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: Tesla Financing
Replies: 22
Views: 2425

Tesla Financing

I've made the decision to go fully green with my next car and go with a Tesla Model X for a variety of reasons. Now I have to decide on how to pay for it. I have been told by the sales guy that Tesla offers financing as low as 0.99% APR (depending upon your credit rating). I always thought that APR ...
by diehard
Fri Aug 11, 2017 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: S&P Indexed Life Insurance
Replies: 10
Views: 814

Re: S&P Indexed Life Insurance

Thank you for your responses - they seem to confirm what I think I should do at this point in time. I'm sorry I cannot post the prospectuses as I don't have them yet. I have to move away from my present policies as the Guardian requires that I continue to pay premiums because I am told that applying...
by diehard
Fri Aug 11, 2017 10:01 am
Forum: Personal Finance (Not Investing)
Topic: S&P Indexed Life Insurance
Replies: 10
Views: 814

S&P Indexed Life Insurance

I am a still employed, totally healthy 65 yr. old in a very comfortable financial situation. For a variety of reasons, the life insurance policies that I purchased about 25 yrs. ago needs to be changed as soon as possible. There are 2 policies: $1M with a cash value taxable gain of $120,453 and a $5...
by diehard
Sun Apr 30, 2017 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Life Insurance Questions
Replies: 8
Views: 1300

Re: Life Insurance Questtions

Thank you for your thoughts
by diehard
Sat Apr 29, 2017 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance Questions
Replies: 8
Views: 1300

Life Insurance Questions

I have two Whole Life insurance policies with The Guardian that I purchased in 1991. One policy is for $1M and the other for $0.5M - both were in an Irrevicable Life Insurance Trust (ILIT) with my wife and 2 daughters as beneficiaries. At the time of purchase I was given the scenario that I would pa...
by diehard
Fri Jan 27, 2017 10:50 am
Forum: Personal Finance (Not Investing)
Topic: How Do You Pay Your Monthly Bills?
Replies: 42
Views: 4429

How Do You Pay Your Monthly Bills?

Over the years, I have had numerous instances of financial attacks including theft and use of credit card numbers and even encryption of my personal computer (a well documented form of fraud) and attempted extortion of money for the encryption key. Recently, I had five checks stolen from a US Post B...
by diehard
Sun Jan 15, 2017 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Contribution [Maximum allowable?]
Replies: 12
Views: 1431

Re: HSA Contribution [Maximum allowable?]

Thank you! I did not realize that Part B had an income adjusted rate. The result is that I'll have to pay $856/mo. for my wife and myself for Part B plus the supplement (Plan F) and the drug supplement (Part D). This will take my costs over $1,000/mo. but still considerably less than the $2,000/mo. ...
by diehard
Sat Jan 14, 2017 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Contribution [Maximum allowable?]
Replies: 12
Views: 1431

Re: HSA Contribution [Maximum allowable?]

I own the business that provides the employees health insurance. Presently, it is costing me (myself and spouse - both 64 yrs, of age) about $2,000/mo. Meidcare will cost a fraction of that number. My thinking is that if I enroll in Medicare Part B, get a supplement and drug plan I save over $1,000/...
by diehard
Tue Jan 03, 2017 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Contribution [Maximum allowable?]
Replies: 12
Views: 1431

HSA Contribution [Maximum allowable?]

The 2017 HSA contribution limit for those over age 55 is $7,750.00. However, I will turn 65 in April 2017 and plan to switch from my high deductible HSA policy to Medicare at that time. My question is whether or not I can make the full $7,750 contribution for 2017 into my HSA account or does it need...
by diehard
Sun Aug 30, 2015 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: Fractional Ownership [Property]
Replies: 24
Views: 2535

Re: Fractional Ownership [Property]

A similar rental would cost $1,800 to $2,200/ night. I do not know what the property would be worth in 5 to 10 years - that is really an unknown. The price has gone up by $10,000 in the last month but the seller controls the price completely.
by diehard
Sun Aug 30, 2015 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Fractional Ownership [Property]
Replies: 24
Views: 2535

Fractional Ownership [Property]

I have been considering purchasing a fractional ownership interest in a property in a popular Colorado mountain (ski) town. Here is the deal: $365,000 buys you a deed to the property and guarantees 4 weeks to use the specific property which is located in a 5 star hotel in the middle of the ski villa...
by diehard
Sun Jan 11, 2015 1:06 pm
Forum: Investing - Help with Personal Investments
Topic: Social Security Question
Replies: 2
Views: 508

Social Security Question

My wife and I are both 62 years of age. I have been the high earner in the family though she has qualified for her own small SS benefit by virtue of having worked over 40 quarters. My question is this: Can she take her own SS benefit starting now and then switch to having a spousal benefit when I fi...
by diehard
Fri Aug 02, 2013 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: 529 Plan Question
Replies: 1
Views: 292

529 Plan Question

I plan to pay/loan my daughter tuition for medical school. The total cost for 4 years is about $300k. Does anyone know of any strategies using a 529 plan that I could use to pay the full bill and get the State tax deduction? I do have another daughter who has finished her schooling.
by diehard
Mon Dec 12, 2011 5:56 pm
Forum: Personal Consumer Issues
Topic: Do Bogleheads hire maid services?
Replies: 47
Views: 3914

Re: Do Bogleheads hire maid services?

I am a big believer in outsourcing. As a result, I have a maid service, lawn service, a bookkeeper who pays my bills and files, I send my shirts to the cleaner and even have a chef come to my house every Wednesday and cook a weeks worth of dinners that are stored in the refrigerator. The result is t...
by diehard
Mon Dec 12, 2011 4:03 pm
Forum: Investing - Help with Personal Investments
Topic: Annuity Questions
Replies: 1
Views: 268

Annuity Questions

Seven years ago I purchased a variable annuity in a taxable account from Fidelity which was later converted to one at Allianz. I later purchased another variable annuity from Allianz but this time in a tax sheltered account. Now I am over the 59 1/2 year threshold and am questioning the judgment to ...
by diehard
Fri Oct 07, 2011 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: When to Retire
Replies: 25
Views: 3723

When to Retire

As I approach 60 yrs., I am thinking about my exit to retirement strategy. I've heard all sorts of ideas including that you have to have 5 hobbies so you won't be bored in retirement. While I still like what I do, I don't want to work until I die. My question is: How did you decide to retire? Was it...
by diehard
Wed Oct 05, 2011 2:07 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA Conversion
Replies: 7
Views: 1026

Roth IRA Conversion

In 2010 I converted all of my non-deductible IRAs to Roth IRAs and payed taxes on the small amount of profit. That was a no-brainer. Now I am convinced that I should convert my regular deductible IRAs to Roth IRAs. Fortunately, I do have the money in an outside account to pay the taxes on the conver...
by diehard
Sat Oct 01, 2011 8:48 am
Forum: Personal Finance (Not Investing)
Topic: ibonds
Replies: 5
Views: 1070

Thank you -

I was able to get the bonds purchased - both on-line and on paper. The bank had some trouble as apparently, the sell very few IBonds. I hope we will be able to purchase at least $10k through treasurydirect after Jan 1.
by diehard
Fri Sep 30, 2011 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: ibonds
Replies: 5
Views: 1070

ibonds

What do think about buying IBonds today vs. newt week?
by diehard
Fri Apr 15, 2011 12:59 pm
Forum: Investing - Help with Personal Investments
Topic: Investing for Cash
Replies: 1
Views: 493

Investing for Cash

I am a committed Boglehead and "own" the market. However, I am thinking about retiring and wonder if anyone invests in any way to maximize cash flow, i.e., corporate bonds, etc. This, of course, would only be in addition to my buy and hold philosophy.
by diehard
Sun Jan 02, 2011 7:43 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Contribution
Replies: 6
Views: 1040

Roth Contribution for my young adult child

Thanks for your responses. The result of your feedback is that I decided it wasn't worth it on multiple levels. The general feeling of the group put me on the right course. Thank you again.
by diehard
Thu Dec 30, 2010 11:04 am
Forum: Investing - Help with Personal Investments
Topic: Roth Contribution
Replies: 6
Views: 1040

Roth Contribution

I believe that the next generation's portfolio centerpiece will be their Roth IRAs. To that end, I am encouraging my children to contribute the maximum annually. However, one of my children is back in school and did not make any income for 2010. I have decided to pay her $5,000 for dog/house-sitting...
by diehard
Mon Dec 13, 2010 3:39 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion in 2010
Replies: 15
Views: 2521

Roth Conversion in 2010

I am fully aware of the need to pay ordinary income taxes upon the conversion of a T-IRA to a Roth. The break even question was asking about reconciling how long it would take receiving the tax free compounding income (considering the taxes are paid by funds from an outside of the IRA) to recoup the...
by diehard
Mon Dec 13, 2010 1:22 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion in 2010
Replies: 15
Views: 2521

Roth Conversion in 2010

It is almost the end of 2010 and I have been struggling with the issue of whether or not to convert my Traditional IRAs to Roth IRAs. My reason for the conversion would not be so much for my future income but rather to be able to "stretch" the IRAs for my heirs upon my demise - estate plan...
by diehard
Mon Dec 13, 2010 1:09 pm
Forum: Personal Consumer Issues
Topic: Modern Day Words And Phrases You Hate
Replies: 210
Views: 20783

Phrases you Hate

Don't forget that old stand-by: "It's better than the alternative."
by diehard
Mon Apr 19, 2010 2:34 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Location for tax efficiency
Replies: 11
Views: 3184

Asset Location for tax efficiency

In setting up my allocation of assets, I am unclear as to where I should locate the following assets: 1. US Small and Large cap ETFs 2. International Small/Medium ETFs 3. US Large Cap Value ETFs I'm looking for the most efficient place to put these (taxable vs. tax deferred). Thanks!
by diehard
Tue Oct 13, 2009 11:39 am
Forum: Investing - Help with Personal Investments
Topic: Investing 2 Portfolios
Replies: 1
Views: 705

Investing 2 Portfolios

In Bernstein's "Four Pillars of Investing," it is suggested that all investments be combined and treated as one with regards to the asset allocation. However, I have a question on this topic. I have a Family Partnership that has been created for the benefit of my children (ages 24 and 26)....
by diehard
Mon Aug 24, 2009 11:54 am
Forum: Personal Consumer Issues
Topic: Favorite Movie Quote You Use
Replies: 157
Views: 25198

Movie Quotes

"You want the truth, you can't handle the truth" from "A Few Good Men."
by diehard
Mon Aug 24, 2009 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Identity Theft
Replies: 24
Views: 4640

Credit Freeze

A few years ago, I had my credit card number stolen. As a result, I had a credit freeze put on my accounts with the three major credit watchdog companies. So far so good as I have not had any problems with others able to open up new credit cards and using them. But, here is the problem. When I fille...
by diehard
Fri Aug 21, 2009 11:26 am
Forum: Investing - Help with Personal Investments
Topic: What are you investing in now?
Replies: 20
Views: 3157

What are you investing in now?

In the tradition of all good Bogleheads, I fired my financial advisor in January 2008. At that time I sold all mutual funds and put them into cash and CDs. I kept my ETFs. Now I am 2/3rds in cash and getting terrible rates of returns.

What are Bogleheads investing in today???
by diehard
Fri Jun 05, 2009 12:08 pm
Forum: Investing - Help with Personal Investments
Topic: 401(k) Question
Replies: 2
Views: 756

401(k) Question

My daughter recently left her job to go back to school. She is 24 yrs. old and is wondering what to do with the funds. My question is this: Can she rollover the 401(k) funds into her Roth without penalties beyond the taxes she will be required to pay or does she need to open a traditional IRA to rol...
by diehard
Tue Apr 21, 2009 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Stretch IRA
Replies: 10
Views: 2577

Stretch IRA

Thanks for the valuable information. By the way, my wife is covered in the event of a divorce as I have put at least half the estate including both houses in her name. And, the in-laws aren't really able to care for the house they are in any more and they are quite aware of this. They have decided t...
by diehard
Mon Apr 20, 2009 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Stretch IRA
Replies: 10
Views: 2577

Stretch IRA

I have been following this forum for a while and have not seen any discussion on the "Stretch IRA" option. My father-in-law is 81 and is starting to dwindle (his wife is 80 and is in good shape). All his money is in a traditional IRA and the rest is tied up in his house. He has made it cle...
by diehard
Thu Apr 16, 2009 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance
Replies: 12
Views: 2159

Life Insurance

Thanks for the insights! They have been very helpful.
by diehard
Tue Apr 14, 2009 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance
Replies: 12
Views: 2159

Life Insurance

I presently have 3 very old life insurance policies that give a death benefit of about $125k. They do have about $30k in cash value. The beneficiary of the policies is my estate. I am interested in getting these policies out of my estate in an attempt to avoid potential estate taxes. Any ideas on ho...
by diehard
Tue Mar 24, 2009 9:59 am
Forum: Investing - Help with Personal Investments
Topic: Buying Gold
Replies: 7
Views: 1709

Buying Gold

I am interested in buying gold coins. Where do you get them and how do you take delivery of them? I am also concerned about how to store them. In "The Four Pillars of Investing," Bernstein talks about using gold to rebalance. That leads to the question of how to sell coins?
by diehard
Mon Mar 23, 2009 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: E and EE Bonds for Education
Replies: 5
Views: 1468

Thanks! It is very helpful.
by diehard
Mon Mar 23, 2009 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: E and EE Bonds for Education
Replies: 5
Views: 1468

E and EE Bonds for Education

Years ago I purchased EE Saving Bonds for my daughter. She is now in college and paying private school tuition. I seem to recall that these bonds can be used in a tax advantaged way to pay for educational expenses. Does anyone know if there are restrictions on the use of EE Bonds for education?
by diehard
Mon Mar 09, 2009 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA Conversion
Replies: 2
Views: 986

Roth IRA Conversion

The NY Times recently ran an article on converting a traditional IRA to a Roth in 2010. Apparently, in 2010 there is a one year window to convert traditional IRAs to Roth IRAs. Given the depressed value of IRA balances (in many cases), a trade of current tax for tax free growth on the appreciation c...
by diehard
Mon Mar 09, 2009 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance
Replies: 20
Views: 3140

Life Insurance

Thanks for all the analysis. Your assumptions are correct in that I have a mixture of WL and Term where the WL increases. I really like the idea of stopping the purchase of the term insurance and letting the premiums pay off the policy (I only have two more years until I stop paying anyway). That wi...
by diehard
Fri Mar 06, 2009 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance
Replies: 20
Views: 3140

Life Insurance

The truth is that I am a Boglehead and most likely will die with money in the bank. That being said, I have already taken care of my kids and my estate has enough for my wife. So, I should probably concentrate on the cash value.
by diehard
Fri Mar 06, 2009 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Best Money Market Rates
Replies: 21
Views: 5143

Best Money Market Rates

What institutions are Bogleheads using to hold cash or CDS etc.? I have been using INGDirect but am now concerned that they will not allow you to assign a beneficiary.
by diehard
Fri Mar 06, 2009 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance
Replies: 20
Views: 3140

Life Insurance

Thanks for the attention to this and your analysis. It is really helping me with this decision. I looked at the policy and the cash value is increasing by almost $10K/yr. while my premium payment is $5.5K/yr. It is sounding like not such a bad deal at this late date and with the market as it is. Cas...
by diehard
Fri Mar 06, 2009 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance
Replies: 20
Views: 3140

Life Insurance

Years ago, I bought a whole life combined with term insurance policy that was projected to pay for itself in 10 years (Guardian). Now, 18 years later I am still getting premium payment statements. When I discussed this with my broker he made the following arguments: 1. I now only have 2 years of pre...
by diehard
Mon May 19, 2008 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: LASIK: basic questions
Replies: 50
Views: 10407

LASIK

There are lots of refractive surgical options and your choice depends upon: 1. Your refractive error 2. Corneal topography 3. corneal thickness 4. Corneal curvature 5. Status of your tear film 6. your risk tolerance. In general, the most accurate and safest procedure is Intralasik or ilasik for shor...
by diehard
Mon Apr 28, 2008 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: Mutual Funds vs. ETF's????
Replies: 2
Views: 1456

Mutual Funds vs. ETF's????

I sold all of my mutual funds in January while in the process of transition to becoming a member of this forum. That constituted at least half of my holdings. My question is this: If I am going to set my AA and then hold it until I die, why not use ETFs with low costs instead of mutual funds. I can ...
by diehard
Mon Apr 28, 2008 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: OT: eyeglass exam + new glasses question
Replies: 29
Views: 7836

Prescription Shift

I have experience on this matter as I am an ophthalmologist in practice for over 25 years. The most common reasons for this problem are: 1. You were measured incorrectly 2. You gave wrong responses 3. You were measured with your eyes dilated and there was a difference between then and now (when your...
by diehard
Fri Mar 14, 2008 4:41 pm
Forum: Investing - Help with Personal Investments
Topic: Stay at Fidelity vs Move to Vanguard??
Replies: 66
Views: 20658

Fidelity vs. Vanguard

I just became a Boglehead and am reading this debate regarding where to put money. I recently moved away from my investment advisor and, at present, have my accounts split between Schwab and TD Ameritrade. Is it more efficient to have my accounts with Vanguard or being able to buy anything through S...
by diehard
Mon Mar 10, 2008 10:15 am
Forum: Investing - Help with Personal Investments
Topic: Tracking investments
Replies: 3
Views: 1392

Tracking investments

I'm new at being a Boglehead and this is my first posting. Recently, due to my financial advisor's inability to make any money in last year's market, I fired him. I have been reading about modern portfolio theory and asset allocation and now am in the process of re-allocating my assets. Is there sof...