Search found 1021 matches

by friar1610
Sun Dec 10, 2017 5:09 pm
Forum: Personal Consumer Issues
Topic: Best vehicle for seniors?
Replies: 73
Views: 5941

Re: Best vehicle for seniors?

CULater wrote:
Thu Nov 23, 2017 10:19 am
Outback is a wagon. Therefore, Outback for seniors.
Maybe I missed something in an earlier post that you're referring to. Seniors and wagons are incompatible? I'm a senior who drives one and will likely replace it with a wagon when the time comes.
by friar1610
Fri Dec 08, 2017 2:13 pm
Forum: Investing - Help with Personal Investments
Topic: Active duty family allocation advice please
Replies: 6
Views: 530

Re: Active duty family allocation advice please

Is there any way you can make a case for NH as your residence? It has no state income tax although it does tax interest and dividends from non-NH sources. I had NH relatives and used their address as my home of residence. I registered my cars there, got a NH drivers license, voted there and opened a...
by friar1610
Thu Dec 07, 2017 4:09 pm
Forum: Personal Consumer Issues
Topic: A Trip to Russia
Replies: 78
Views: 3804

Re: A Trip to Russia

I've been to Russia twice and I agree with virtually all of the comments you've already received regarding places to see. We were there on two separate cruises: 1. Moscow to St. Petersburg river cruise with Uniworld. About 2 weeks with 3 days each in Moscow and St. Petersburg. 2. Two day visit to St...
by friar1610
Thu Dec 07, 2017 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: What did you do with your first RMD withdrawal money?
Replies: 54
Views: 3404

Re: What did you do with your first RMD withdrawal money?

cheese_breath wrote:
Thu Dec 07, 2017 9:47 am
Reinvested it in taxable account.
+1

Have done the same with every RMD distribution except one which I used for a QCD.
by friar1610
Thu Dec 07, 2017 10:57 am
Forum: Investing - Theory, News & General
Topic: I-Bonds?
Replies: 51
Views: 6152

Re: I-Bonds?

About 1/3 of our FI is in I-Bonds. About 1/6 is in a CDC ladder (taxable) and the remainder is in Total Bond in IRAs. Don't know if this is the ideal plan but I feel like we have our bases pretty well covered. We are retirees in the RMD stage. The I-Bonds add a bit of inflation protection to our inf...
by friar1610
Tue Dec 05, 2017 5:18 pm
Forum: Personal Consumer Issues
Topic: What does Medicare cover for oversea retirees?
Replies: 8
Views: 1100

Re: What does Medicare cover for oversea retirees?

I realize this probably applies to only a very small percentage of BHs, but... If you are entitled to Tricare for Life, the Government-paid supplement to Medicare for military retirees and their spouses, it will pay for medical treatment outside the US. You have to pay the overseas provider and reta...
by friar1610
Tue Dec 05, 2017 4:28 pm
Forum: Investing - Theory, News & General
Topic: Navy Federal CU Special Certificate
Replies: 5
Views: 1528

Re: Navy Federal CU Special Certificate

Just noticed on the NFCU website that effective today they are offering a Special 15-month Certificate (Share Only) with a $50 minimum deposit and $50,000 maximum with additional deposits allowed at any time, subject to the maximum balance. The APY is 2.25% According to my records in December of la...
by friar1610
Mon Dec 04, 2017 5:37 pm
Forum: Investing - Theory, News & General
Topic: Navy Federal CU Special Certificate
Replies: 5
Views: 1528

Re: Navy Federal CU Special Certificate

Just noticed on the NFCU website that effective today they are offering a Special 15-month Certificate (Share Only) with a $50 minimum deposit and $50,000 maximum with additional deposits allowed at any time, subject to the maximum balance. The APY is 2.25% According to my records in December of la...
by friar1610
Sun Dec 03, 2017 8:55 pm
Forum: Personal Consumer Issues
Topic: BH Volvo XC90 Review
Replies: 20
Views: 2207

Re: BH Volvo XC90 Review

Good report from the OP. I've owned 3 Volvos over the years (currently have a 2005 XC-70 wagon). I've been happy with them and have driven each >10 years. I personally prefer wagons over SUVs so have researched the V60 and V90. For me, at least, Volvo has priced themselves out of the market. I might...
by friar1610
Sun Dec 03, 2017 8:22 pm
Forum: Investing - Theory, News & General
Topic: The Pros and Cons of Target-Date Funds vs 3 Fund: LifeCycle Investing
Replies: 23
Views: 1919

Re: The Pros and Cons of Target-Date Funds vs 3 Fund: LifeCycle Investing

There's nothing wrong with target date funds during accumulation. In retirement, however, when one might be drawing down accounts, I'd rather have the flexibility of separate fund accounts so that in a down market one could liquidate fixed income funds and in an up market equity funds. I agree with...
by friar1610
Thu Nov 30, 2017 8:53 pm
Forum: Personal Consumer Issues
Topic: Ideas for a few days in Belfast, NI
Replies: 8
Views: 799

Re: Ideas for a few days in Belfast, NI

Just a quick report back on the few days in Belfast. Our schedule was partly impacted by the fact that we were there for the Friendship Four hockey tournament which featured 4 US college hockey teams playing in a tournament (at a very modern arena). So game times and a couple of related social event...
by friar1610
Sun Nov 26, 2017 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone used myfreetaxes.com?
Replies: 11
Views: 847

Re: Anyone used myfreetaxes.com?

I have used FreeFile with people I tutor in English literacy to teach them a practical application of using English AND saving money. It's an IRS-sponsored program with a variety of different software packages, each having its own age and income requirements, available. Just google "Free File".
by friar1610
Tue Nov 21, 2017 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Why not take Social Security at 62
Replies: 334
Views: 25825

Re: Why not take Social Security at 62

I'm 72 and my wife (71) and I each took SS at 62. At that time I had been retired for 4 years. Virtually all of the money has been invested or saved. I haven't tracked those investments/savings closely enough to tell you what that money is worth now. I have a nice inflation-adjusted pension which is...
by friar1610
Sun Nov 19, 2017 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: RMD and taxes
Replies: 16
Views: 1887

Re: RMD and taxes

VG will take out state taxes. Vanguard will withhold state income taxes for some states and not for others. They will not withhold for my state (Ohio). If you need withholding for state taxes, verify that VG will do that before you depend upon it. Wow! I didn't realize that; thanks for the clarific...
by friar1610
Sun Nov 19, 2017 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: RMD and taxes
Replies: 16
Views: 1887

Re: RMD and taxes

Something else you can do with your RMD tax-wise: - if you have sources of income that cause you to have to do quarterly estimated taxes (that is, sources from which you can't have taxes taken out) you can increase the amount of tax taken out from your RMD so you eliminate the need to do estimated t...
by friar1610
Sat Nov 18, 2017 5:40 pm
Forum: Investing - Help with Personal Investments
Topic: Variable annuity trading costs?
Replies: 17
Views: 710

Re: Variable annuity trading costs?

ER's reduce the yield of the fund. You don't directly see the ER whether within or without an annuity. Yeah, you do see the ERs - they're in the prospectus for every mutual fund and VA portfolio. What you don't see are the trading costs for the stocks/bonds within the MFs/VA portfolios. Both reduce...
by friar1610
Sat Nov 18, 2017 5:30 pm
Forum: Investing - Help with Personal Investments
Topic: Variable annuity trading costs?
Replies: 17
Views: 710

Re: Variable annuity trading costs?

I would think the "funds" within a VA would have roughly the same trading costs as the mutual funds they clone. And, my understanding is that in mutual funds those costs are not included in the ER so I would think the same would be true for VA portfolios. Of course by using index portfolios within a...
by friar1610
Sat Nov 18, 2017 12:06 pm
Forum: Investing - Help with Personal Investments
Topic: RMD account
Replies: 16
Views: 1352

Re: RMD account

Hitting your RMD to the exact dollar is challenging unless you distribute some cash since mutual fund values change every day, and specific securities change value constantly. You cannot be sure exactly when the distribution will be processed and the value recorded, and therefore there will likely ...
by friar1610
Sat Nov 18, 2017 8:44 am
Forum: Investing - Help with Personal Investments
Topic: RMD account
Replies: 16
Views: 1352

Re: RMD account

Hitting your RMD to the exact dollar is challenging unless you distribute some cash since mutual fund values change every day, and specific securities change value constantly. You cannot be sure exactly when the distribution will be processed and the value recorded, and therefore there will likely ...
by friar1610
Fri Nov 17, 2017 5:31 pm
Forum: Investing - Help with Personal Investments
Topic: RMD account
Replies: 16
Views: 1352

Re: RMD account

If you like your current asset allocation and think it has the right amount of risk for you, you can just keep it. You can withdraw anything you want from it in-kind , which means to transfer the asset out without selling it and re-buying it in a taxable account. For example, you could withdraw x s...
by friar1610
Thu Nov 16, 2017 9:25 pm
Forum: Personal Consumer Issues
Topic: Do you meditate?
Replies: 117
Views: 7797

Re: Do you meditate?

Yes, everyday. I'm a Catholic and there is, of course, a 2000 year tradition of meditation and contemplation. I often meditate with the help of Bible passages and the mysteries of the Rosary--beautiful, very deep meditations. Contemplation is something different but related, and I do that in Holy H...
by friar1610
Tue Nov 14, 2017 10:27 am
Forum: Investing - Theory, News & General
Topic: What is all the recent talk about a bond bubble?
Replies: 22
Views: 2384

Re: What is all the recent talk about a bond bubble?

As of today the yield is 2.08%. What seems crazy is that I can earn more on a 5-year CD, with FDIC insurance no risk of loss of principal. It leaves me scratching my head a bit as to why I would want to buy a bond at all and not just buy CDs. Your state income tax (or lack of it) could be the tiebr...
by friar1610
Tue Nov 14, 2017 9:57 am
Forum: Investing - Theory, News & General
Topic: Buffett 90/10 Portfolio vs Target Retirement
Replies: 29
Views: 3360

Re: Buffett 90/10 Portfolio vs Target Retirement

I'm comfortable neither with 100% US equities nor with the 40% international in the TR and LS funds. So I keep international at 20%-25% of my equity which, in turn, is 40% of portfolio. Old retired guy in conservative stage of life but I think I would keep the same int allocation if I were still acc...
by friar1610
Mon Nov 13, 2017 10:00 pm
Forum: Investing - Theory, News & General
Topic: The Personal Black Swan
Replies: 46
Views: 5821

Re: The Personal Black Swan

From the look and time, I’d say it was the Russian Exchange....went to zero When I first looked at the picture I thought it looked like the old Stock Exchange in St. Petersburg, Russia. I've been to St. Petersburg twice. My hunch was reinforced by the fact that there was a large anchor in front and...
by friar1610
Sun Nov 12, 2017 4:09 pm
Forum: Investing - Theory, News & General
Topic: The average American retiree household
Replies: 57
Views: 10913

Re: The average American retiree household

The military and the federal civilian workforce plans have also become defined contribution rather than defined benefit oriented. Change has been slower in the public sector but it is happening. Fed civilians still have defined benefit (though newer employees pay in 3-4x what older employees are pa...
by friar1610
Sun Nov 12, 2017 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: When would you take a part-time option?
Replies: 23
Views: 1803

Re: When would you take a part-time option?

I would have liked to work part-time before retiring. But I saw too many guys who tried it getting sucked back into more hours than they'd agreed to. It a lot of cases it was "We're really in a jam and need your help on this project/proposal/whatever." Next thing you know they were back to 40 hours ...
by friar1610
Sun Nov 12, 2017 3:30 pm
Forum: Personal Consumer Issues
Topic: Investing HOA reserve money?
Replies: 24
Views: 1143

Re: Investing HOA reserve money?

I was president of our condo trust for 2 years. Our 3 person board felt very strongly that anything more risky than a short-term CD was not a good idea. As a non-officer now I feel the same way.
by friar1610
Sat Nov 11, 2017 7:24 pm
Forum: Investing - Help with Personal Investments
Topic: Planning for a surviving spouse's income
Replies: 16
Views: 1714

Re: Planning for a surviving spouse's income

I am struggling a bit with the same issue. I also realized that the survivor will also probably pay higher taxes with filing single over 65 vs married filing jointly with both over 65, lower medical expense deductions? I have a Vanguard Advantage Account for some strange reason they don't promote. ...
by friar1610
Fri Nov 10, 2017 9:54 pm
Forum: Investing - Help with Personal Investments
Topic: Planning for a surviving spouse's income
Replies: 16
Views: 1714

Re: Planning for a surviving spouse's income

I've been reviewing our income streams and portfolio allocation with a view toward ensuring things are organized and allocated to put my wife in the best possible position if/when she is on her own. I went through the EXACT same considerations a year or so ago. I decided I needed to account for the...
by friar1610
Fri Nov 10, 2017 6:37 pm
Forum: Investing - Theory, News & General
Topic: Asset Allocation Consideration
Replies: 5
Views: 533

Re: Asset Allocation Consideration

I'm probably overly simplistic about this. I've always thought off it this way: My income needs in retirement are $X. If I have (or expect to receive) SS (and/or a pension) that means my needs from my portfolio are $X - SS. Let's call that number Y. So I need to structure my portfolio to support $Y ...
by friar1610
Fri Nov 10, 2017 1:46 pm
Forum: Investing - Help with Personal Investments
Topic: Planning for a surviving spouse's income
Replies: 16
Views: 1714

Re: Planning for a surviving spouse's income

This: . . . . based your asset allocation on the worst case scenario of looking out for the survivor who will have lesser guaranteed income streams? DW and I are also considering supplementing with an SPIA sometime in the future. It's probably not needed, but I am the type where "probably" is too u...
by friar1610
Fri Nov 10, 2017 10:23 am
Forum: Investing - Help with Personal Investments
Topic: Planning for a surviving spouse's income
Replies: 16
Views: 1714

Re: Planning for a surviving spouse's income

The fund of funds idea is one I would love to pursue for simplification. But unfortunately all of equities (and some of our FI) are in taxable and the tax hit would be too great to make a switch there. You could leave her written instructions to have Vanguard (I assume you are at Vanguard) exchange...
by friar1610
Thu Nov 09, 2017 4:44 pm
Forum: Investing - Help with Personal Investments
Topic: Planning for a surviving spouse's income
Replies: 16
Views: 1714

Re: Planning for a surviving spouse's income

This allocation also turns out to be very close to being liability matched for her future needs. your spouse can reallocate appropriately once she is on her own? The decision to let her "reallocate appropriately once she is on her own", should depend on how capable you believe she'll be of managing...
by friar1610
Thu Nov 09, 2017 2:26 pm
Forum: Investing - Help with Personal Investments
Topic: Planning for a surviving spouse's income
Replies: 16
Views: 1714

Re: Planning for a surviving spouse's income

Another thing to factor into your consideration is that starting in the year after the year of your death , her tax rate may well be higher than the rate you now experience. The only way to confirm this is to experiment with tax software to see what the taxes would be on the lower income when she n...
by friar1610
Thu Nov 09, 2017 2:15 pm
Forum: Investing - Help with Personal Investments
Topic: Planning for a surviving spouse's income
Replies: 16
Views: 1714

Planning for a surviving spouse's income

I've been reviewing our income streams and portfolio allocation with a view toward ensuring things are organized and allocated to put my wife in the best possible position if/when she is on her own. She is 71 and I am 72. (And I'm not aware of any medical condition that portends my immediate demise ...
by friar1610
Thu Nov 09, 2017 1:04 pm
Forum: Investing - Help with Personal Investments
Topic: Annuity Transfer / Sharing
Replies: 1
Views: 147

Re: Annuity Transfer / Sharing

My understanding is that an annuity can only be in one person's name (not joint). And that they cannot be transferred from one person to another except upon the death of the owner in which case they would go to the listed beneficiary. (This assumes it has not been annuitized.) If I am wrong I'm sure...
by friar1610
Wed Nov 08, 2017 8:04 pm
Forum: Personal Consumer Issues
Topic: Ideas for a few days in Belfast, NI
Replies: 8
Views: 799

Re: Ideas for a few days in Belfast, NI

Thanks for the responses - lots of good ideas. No Derry on this trip although we spent an afternoon there on our very first trip to Ireland 20+ years ago. (This will be our 6th trip.)
by friar1610
Tue Nov 07, 2017 5:26 pm
Forum: Personal Consumer Issues
Topic: Ideas for a few days in Belfast, NI
Replies: 8
Views: 799

Re: Ideas for a few days in Belfast, NI

SrGrumpy wrote:
Tue Nov 07, 2017 4:59 pm
Skip the taxi - take a free walking tour. Quite a few options here:

https://www.belfastfreewalkingtour.com/

Belfast is always fascinating.
Great! Thanks.
by friar1610
Tue Nov 07, 2017 4:57 pm
Forum: Personal Consumer Issues
Topic: Ideas for a few days in Belfast, NI
Replies: 8
Views: 799

Ideas for a few days in Belfast, NI

I am going to Belfast, NI in a couple of weeks for, of all things, a US college hockey tournament. I was in Belfast about 15 years ago and have some idea of the lay of the land. A couple of things I have in mind to do that I didn't last time are: - tour Belfast City Hall - go for a taxi tour of the ...
by friar1610
Tue Oct 31, 2017 5:21 pm
Forum: Investing - Theory, News & General
Topic: CDs, general questions, ladders, etc.
Replies: 39
Views: 2414

Re: CDs, general questions, ladders, etc.

And here's one other thing to be on the lookout for.... Sometimes banks and CUs have special deals for shorter-term CDs such that you might get a better rate on -say - a 15, 18 or 30 month CD than you would for a 3 or 4 year certificate. If you happen to run into one of those while you're trying to...
by friar1610
Tue Oct 31, 2017 3:31 pm
Forum: Investing - Theory, News & General
Topic: CDs, general questions, ladders, etc.
Replies: 39
Views: 2414

Re: CDs, general questions, ladders, etc.

And here's one other thing to be on the lookout for.... Sometimes banks and CUs have special deals for shorter-term CDs such that you might get a better rate on -say - a 15, 18 or 30 month CD than you would for a 3 or 4 year certificate. If you happen to run into one of those while you're trying to ...
by friar1610
Tue Oct 31, 2017 11:44 am
Forum: Personal Consumer Issues
Topic: Get Lexus service at Toyota and save?
Replies: 29
Views: 1824

Re: Get Lexus service at Toyota and save?

I had a '97 ES-300 when I moved from MD to VT in 2005. There were no Lexus dealers in VT (but plenty of Subaru dealers :happy ) so I used a local garage for oil changes, tire rotations, etc. On the few occasions there was a brand-specific issue I went to the Toyota dealer.
by friar1610
Tue Oct 31, 2017 9:50 am
Forum: Investing - Theory, News & General
Topic: How to learn about financial statement analysis?
Replies: 31
Views: 3109

Re: How to learn about financial statement analysis?

I don't know whether this book is still in print or not. "How to Read a Financial Report for Managers, Entrepreneurs, Lenders, Lawyers and Investors" by John A. Tracy. Published by John Wiley and Sons. My copy is the 3rd Edition. I bought it >20 years ago as I was beginning to look toward retirement...
by friar1610
Fri Oct 27, 2017 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: RMD distribution timing
Replies: 32
Views: 2552

Re: RMD distribution timing

My wife and I have relatively modest IRAs of roughly the same size. They are both 100% VG Total Bond Index. We have them set up so each of us takes the distributions semi-annually but staggered so there is one distribution each quarter. We have taxes taken out at close to our 25% tax bracket plus st...
by friar1610
Thu Oct 26, 2017 3:54 pm
Forum: Investing - Theory, News & General
Topic: Emotional impact of spending down assets?
Replies: 100
Views: 10131

Re: Emotional impact of spending down assets?

This conversation may really be of value for some. Interesting that there is a discussion. At retirement I worried about what would happen if we spent down our assets too early. As an 84 year old married to a 77 year young lady some of your comments fit us. We have not changed our spending habits.....
by friar1610
Wed Oct 25, 2017 3:30 pm
Forum: Investing - Help with Personal Investments
Topic: Newly Retired Investment Options
Replies: 7
Views: 761

Re: Newly Retired Investment Options

One thing about your post caught my attention- you said the funds were administered by Nationwide. Are these funds part of a variable annuity or are they straight mutual funds?
by friar1610
Mon Oct 23, 2017 4:30 pm
Forum: Investing - Theory, News & General
Topic: TIAA Trouble [NY Times: TIAA pushes clients to high fee products]
Replies: 50
Views: 4695

Re: TIAA Trouble [NY Times: TIAA pushes clients to high fee products]

I had some TIAA-CREF investments years ago but no longer do. I always thought they just made things a whole lot more complex than they needed to. Expenses aside, I just find my simple mind understands VG products much more easily.
by friar1610
Mon Oct 23, 2017 4:20 pm
Forum: Personal Consumer Issues
Topic: what is your weekly workout routine?
Replies: 68
Views: 4503

Re: what is your weekly workout routine?

72 yo 2 days a week: spinning classes, 45-50 minutes 1-2 days a week: Concept 2 rower or elliptical for 30 minutes 3 days a week: walk on beach or in woods 40-60 minutes Stretch on non-walking days I intermittently get on weight kicks where I do (mostly dumbbell) workouts twice a week. Even though I...
by friar1610
Sat Oct 21, 2017 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone here with net worths north of $1 mil use financial advisors?
Replies: 175
Views: 18112

Re: Does anyone here with net worths north of $1 mil use financial advisors?

No FA at present and feel that I have things nicely under control. My wife may want to use VPAS or a robo after I'm gone.

Consulted twice in the distant past with FAs. Both tried to screw me over. One succeeded to some degree. :oops: A third will not have the opportunity.
by friar1610
Thu Oct 19, 2017 12:44 pm
Forum: Personal Consumer Issues
Topic: anyone else not liking the new cars?
Replies: 135
Views: 11055

Re: anyone else not liking the new cars?

Take a look at the 2018 Buick LaCrosse, a very nice looking car in my opinion. I have a 2011 Regal, a smaller car than the LaCrosse, and have been quite pleased with it. Of course, there is the "old fart's car" image of Buicks that probably lingers although GM has been trying hard to appeal to a you...