Search found 4209 matches

by mickeyd
Sat Sep 24, 2016 11:54 am
Forum: Investing - Theory, News & General
Topic: Do Bogleheads Bucket?
Replies: 83
Views: 6362

Re: Do Bogleheads Bucket?

I always thought that bucketing was a way to complicate a relatively simple process. So I have avoided it.
by mickeyd
Sat Sep 17, 2016 3:02 pm
Forum: Personal Consumer Issues
Topic: Currently in Austin, TX and New Job Opportunity in NJ - Good to take?
Replies: 26
Views: 2174

Re: Currently in Austin, TX and New Job Opportunity in NJ - Good to take?

I escaped from NJ about 30 years ago when we moved to TX. Have not gone back to NJ once during that time. Is it still there?
by mickeyd
Thu Sep 15, 2016 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Will Medicare take away my Social Security?
Replies: 18
Views: 1928

Re: Will Medicare take away my Social Security?

Should I change my planning to exclude Social Security? Absolutely. That's what I did in the early 70's when we got married and did a bit of long term planning (with pencil and paper). What a surprise when SSA wanted to transfer thousands of dollars to me each month after age 70 that I am alive. Wh...
by mickeyd
Wed Sep 14, 2016 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Should I drop LTC insurance?
Replies: 10
Views: 1317

Re: Should I drop LTC insurance?

Why did you buy it initially? Do those conditions still exist? Can you afford to self insure?

I self-insure for this possible event. But, that's me.
by mickeyd
Wed Sep 14, 2016 6:03 pm
Forum: Personal Consumer Issues
Topic: What's the smallest signup bonus that you'd take on a new credit card?
Replies: 27
Views: 1812

Re: What's the smallest signup bonus that you'd take on a new credit card?

$1000 would get my attention. I presume that I would not accept it, as there would be much microprint/hoops to jump thru telling me how they would not have to pay me unless I did this and that. (see WF recent scam)
by mickeyd
Sat Sep 10, 2016 4:38 pm
Forum: Personal Consumer Issues
Topic: map frustration
Replies: 76
Views: 3774

Re: map frustration

I'm a paper map guy and have no such issues. I love paper maps and map books.
by mickeyd
Sat Sep 10, 2016 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Banks not honoring bank bonuses on time
Replies: 30
Views: 2062

Re: Banks not honoring bank bonuses on time

This did not happen with a bank, but it taught me to follow-up on any "bonus" situation. My numbers are small, but I did not let it ride. AT&T offered me a $10 Visa prepaid card if I switched from paper bill to online bill. This was several years ago. I opted in and, when I had no Visa...
by mickeyd
Fri Sep 09, 2016 3:21 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3145
Views: 735830

Re: U.S. stocks in freefall

OMG. I can not locate my pistol. I wonder it that Bowie knife on the shelf will do me in as easily as the bullet!
by mickeyd
Thu Sep 08, 2016 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: How do you stop yourself from checking your balances?
Replies: 66
Views: 3797

Re: How do you stop yourself from checking your balances?

I have been investing for about 40-50 years and have never been interested in the short term results of my accounts. When the statements arrived in the mail, I looked at them and seldom was surprised with the numbers as I kept up with the general financial news. I knew that my investments were for t...
by mickeyd
Thu Sep 08, 2016 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: Withdrawal from Roth IRA
Replies: 13
Views: 787

Re: Withdrawal from Roth IRA

By the way, if they inherit the Roth, then they could keep it in their inherited Roth, withdrawing only RMDs while letting it grow over the years.


No RMD on Roth $.
by mickeyd
Thu Sep 08, 2016 5:45 pm
Forum: Investing - Theory, News & General
Topic: ["Wells Fargo Fined for Years of Harm to Customers"]
Replies: 129
Views: 7900

Re: "Wells Fargo Fined for Years of Harm to Customers"

I've read a couple or articles about this, and still don't get how it worked. Why didn't people notice anomalies on their statements? I realize that lots of people probably barely glance at statements, but surely enough actually do go over them carefully to make it certain that widespread fraud wil...
by mickeyd
Thu Sep 08, 2016 3:00 pm
Forum: Investing - Theory, News & General
Topic: Do Bogleheads Budget?
Replies: 104
Views: 12268

Re: Do Bogleheads Budget?

Revived old posts are interesting. I see that on 6/6/2009 (7 years ago) I said that we "kinda" budgeted by tracking expenses casually and adjust current spending to bring it in line with current cash flow. To me that is a way to budget. Purest may not agree, but I do not care because it wo...
by mickeyd
Wed Sep 07, 2016 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Navy Fed "code word"--is this the wave of the future?
Replies: 30
Views: 3548

Re: Navy Fed "code word"--is this the wave of the future?

I just got an email from Navy Fed Credit Union encouraging me to set up a "code word" that will be used to help authenticate my identity when I call or visit a branch.


I have an account with them and do not recall receiving such a code word request.
by mickeyd
Mon Sep 05, 2016 1:32 pm
Forum: Investing - Theory, News & General
Topic: WSJ - Jack Bogle: The Undisputed Champion of the Long Run
Replies: 19
Views: 3039

Re: WSJ - Jack Bogle: The Undisputed Champion of the Long Run

I was recently viewing a broadcast of Consuela Mack show on public TV. Her guest was Jayne Bryant Quinn. Near the end of the show CM asked JBQ what MF she would choose for retirement if she could choose only one. She said that the TSM would fit the bill. JBQ also told a story about an incident in 19...
by mickeyd
Sat Sep 03, 2016 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Unethical to chase transfer bonuses?
Replies: 52
Views: 3620

Re: Unethical to chase transfer bonuses?

but I feel like I would be doing something wrong if I kept going back and forth and collecting $2500 each time.

What's your opinion?


If you feel that you have done something wrong, consider donating the $2500 to Bogleheads each time.
by mickeyd
Sat Sep 03, 2016 2:14 pm
Forum: Investing - Theory, News & General
Topic: WSJ - Jack Bogle: The Undisputed Champion of the Long Run
Replies: 19
Views: 3039

Re: WSJ - Jack Bogle: The Undisputed Champion of the Long Run

Looks to me that I have to subscribe to WSJ in order to read it. Any way to get around that?
by mickeyd
Wed Aug 31, 2016 8:46 pm
Forum: Investing - Theory, News & General
Topic: Happy 40th Birthday to "Bogle's Folly" AND THANK YOU, JACK!
Replies: 19
Views: 756

40 Years Ago...

I was not among those bright enough to be on board from the beginning of VG. Is there anyone here that can claim to be in for 40? Today, that firm, Vanguard Group, is the largest fund company in the world, with $3.6 trillion in assets. Buying an index fund is now the conventional wisdom, even if it ...
by mickeyd
Wed Aug 31, 2016 3:45 pm
Forum: Investing - Theory, News & General
Topic: How to give unsolicited advice
Replies: 54
Views: 3400

Re: How to give unsolicited advice

I do not provide solicited, nor unsolicited, financial advice. If they look hard enough they will find it on their own.
by mickeyd
Sat Aug 27, 2016 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: Can we get by without permanent life insurance?
Replies: 85
Views: 5290

Re: Can we get by without permanent life insurance?

Brother in law is an insurance agent and adamant that a death benefit is 100% necessary whether it be WL, VL or VUL.


Ask BIL insurance agent if he is willing to kick back his commission on the sale to you and his sis. After all, it's all family.
by mickeyd
Sat Aug 27, 2016 7:52 pm
Forum: Personal Consumer Issues
Topic: Favorite Restaurant Stop on Road Trips
Replies: 142
Views: 9532

Re: Favorite Restaurant Stop on Road Trips

Buc-ee's Buc-ee's is known for posting billboards by Texas interstate highways with simple and humorous slogans. "If It Harms Beavers, We're Against It!" "Clean Restrooms, We Guarantee It" "It's A Beaver!" "Restrooms So Clean, We Leave Mints on the Urinals" &q...
by mickeyd
Sat Aug 27, 2016 2:45 pm
Forum: Investing - Help with Personal Investments
Topic: Do you count your emergency fund?
Replies: 45
Views: 3157

Re: Do you count your emergency fund?

When I used to keep track of such things, I was always tempted to count my cash/cash-like assets as part of my AA. I eventually decided to not include it and take a more conservative approach because it wasn't as if I did not have the cash, I just assumed that it was already committed to another pro...
by mickeyd
Sat Aug 27, 2016 2:37 pm
Forum: Investing - Help with Personal Investments
Topic: international bond funds
Replies: 14
Views: 942

Re: international bond funds

I looked at this international Bond fund a few years ago and have decided to pass on it. Though it does add a bit more diversification to the AA, I am not looking to assume more risk, and that would be what I would be getting into if I did.
by mickeyd
Sat Aug 27, 2016 2:28 pm
Forum: Investing - Help with Personal Investments
Topic: Sell Mutual Funds Prior to Vanguard Transfer [taxable event?]
Replies: 4
Views: 353

Re: Sell Mutual Funds Prior to Vanguard Transfer [taxable event?]

Why not look into transferring your taxable investments to VBS since you already have VG investments? Suggest that you call your current VG rep and ask if they will assist you.
by mickeyd
Thu Aug 25, 2016 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Self-made Millionaires: how did hitting 7 figures change you?
Replies: 299
Views: 39113

Re: Self-made Millionaires: how did hitting 7 figures change you?

Years ago when we realized that we had hit the two comma (7 figure) mark DW was beside herself with joy for some reason. I recall telling her not to get too excited because each of us had just reached the 1/2 million club (2 x1/2 =1) and still needed to save and invest. She became very interested in...
by mickeyd
Thu Aug 25, 2016 7:14 pm
Forum: Investing - Help with Personal Investments
Topic: Timing for RMD withdrawals?
Replies: 33
Views: 2804

Re: Timing for RMD withdrawals?

RMD is a requirement to pay taxes, not a requirement to spend.

I think that I first read that here a while ago.
by mickeyd
Sun Aug 21, 2016 4:47 pm
Forum: Investing - Help with Personal Investments
Topic: Timing for RMD withdrawals?
Replies: 33
Views: 2804

Re: Timing for RMD withdrawals?

Once you determine the RMD for an upcoming year, is the best way to make the withdrawal as equal monthly withdrawals (I guess like dollar cost averaging in reverse.) or as a single transaction at either the start or end of the year? I took my first RMD last December as my IPS dictates. This year I ...
by mickeyd
Sat Aug 20, 2016 1:24 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisor Services
Replies: 36
Views: 4634

Re: Vanguard Personal Advisor Services

. . . it's been a uniformly positive and pleasant experience and I'm really glad to have them there for me as I work my way up to being a full fledged Boglehead . . . Thanks. Thanks to our shipmate Pennywise for your comments. This is one [of the very few] positive comments about Vanguard services ...
by mickeyd
Wed Aug 17, 2016 8:18 pm
Forum: Investing - Help with Personal Investments
Topic: Pension and taxes...
Replies: 8
Views: 1012

Re: Pension and taxes...

Contact Vanguard. They will assist you in the rollover to an IRA.
by mickeyd
Tue Aug 16, 2016 9:28 am
Forum: Personal Finance (Not Investing)
Topic: FICO Scores: Which one do you get?
Replies: 39
Views: 8205

Re: FICO Scores: Which one do you get?

My Visa (thru USAA) and my Discover card both show a FICO score for free.
by mickeyd
Sun Aug 14, 2016 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: FICO Score??
Replies: 69
Views: 5810

Re: FICO Score??

My FICO score varies between 800 and 820 each month that I check it at Discover card. I have the same financial situation each month, always repay my CC balance and have no other loans. I can not logically understand why there is such a flux each month. I don't check it any more since I have no futu...
by mickeyd
Sun Aug 14, 2016 5:51 pm
Forum: Investing - Help with Personal Investments
Topic: Rollover IRA to Roth conversion, how to pay tax and have 100% of it go to my Roth?
Replies: 30
Views: 1765

Re: Rollover IRA to Roth conversion, how to pay tax and have 100% of it go to my Roth?

I have done several Roth conversions over the years and, as suggested, made an exchange from one VG account to another with no tax withholding. I then filed an estimated quarterly income tax via EFTPS using money that I had in savings.
by mickeyd
Sun Aug 14, 2016 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Joint Accounts - How do you use it?
Replies: 103
Views: 5811

Re: Joint Accounts - How do you use it?

In short: I don't think this is more than a very minor issue on our horizon--a very minor inconvenience at the time of losing a spouse.


So in Doom&Gloom's case, the separate accounts are individual accounts with only one person on the account. Is that correct?
by mickeyd
Sun Aug 14, 2016 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Joint Accounts - How do you use it?
Replies: 103
Views: 5811

Re: Joint Accounts - How do you use it?

In our case, our "separate" accounts are actually both joint accounts


Thanks hcj. Makes sense now. To each his/her own.
by mickeyd
Sun Aug 14, 2016 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Joint Accounts - How do you use it?
Replies: 103
Views: 5811

Re: Joint Accounts - How do you use it?

Since DW and I use our CCs to purchase just about everything and pay it off via automatic payment next month from our joint checking account, I have a Q for those with separate accounts. Does your spouse have access to that account (can he/she withdraw funds if you die?) If not what happens at death?
by mickeyd
Sun Aug 14, 2016 12:53 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3145
Views: 735830

Re: U.S. stocks in freefall

Did you make any course corrections once you felt you have won the game? I did what seemed correct to do under the circumstances. I looked up the definition of "simplicity" and used that for a guide. I am headed from 60/40 to 40/60 and using the basic 3 fund approach for my major stash. S...
by mickeyd
Sat Aug 13, 2016 12:06 pm
Forum: Personal Consumer Issues
Topic: How well do robot vacuums work?
Replies: 26
Views: 2480

Re: How well do robot vacuums work?

We have been using a Roomba for years and are quite happy with it. I believe it works on magic.
by mickeyd
Sat Aug 13, 2016 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Joint Accounts - How do you use it?
Replies: 103
Views: 5811

Re: Joint Accounts - How do you use it?

Hard Hitter,

Can you explain why this set-up is necessary? What questions would be asked?

2 personal checking accounts (wife/husband) where $200-$300 goes into those accounts each on a monthly basis and is their "no questions ask" money
by mickeyd
Sat Aug 13, 2016 11:22 am
Forum: Investing - Theory, News & General
Topic: Bogle's Folly now worth $3,500,000,000,000
Replies: 12
Views: 2525

Bogle's Folly now worth $3,500,000,000,000

Many of you may have read this article from the VG website. Enjoy it again, if you like. Mr. Bogle's mission led to the launch of Vanguard in 1975 and the first index mutual fund in 1976. It took a few years for indexing and the Vanguard way to gain traction. The First Index Investment Trust was ori...
by mickeyd
Fri Aug 12, 2016 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Edward Jones did not withhold Inherited IRA taxes
Replies: 5
Views: 393

Re: Edward Jones did not withhold Inherited IRA taxes

it was taxes on the RMD. He had to take a ~$9,000 RMD but they didn't take anything out for taxes.


When he received a check for $9k instead of $6750, it should have been obvious that taxes were not deducted. Just sayin...
by mickeyd
Fri Aug 12, 2016 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Edward Jones did not withhold Inherited IRA taxes
Replies: 5
Views: 393

Re: Edward Jones did not withhold Inherited IRA taxes

Do I have any recourse?


Not a tax guy but...probably not. Paying taxes us an individual responsibility.

What taxes are due? RMD?
by mickeyd
Fri Aug 12, 2016 3:53 pm
Forum: Investing - Theory, News & General
Topic: Confession~ I timed the market today
Replies: 31
Views: 3422

Confession~ I timed the market today

I know it was Boglehead wrong, but I could not help myself. I generally think that my annual onetime RMD should be taken in December, like last year. When the S&P500 once again topped out @ 2185.71 yesterday and had little movement today, I could not resist it and took 50% of my RMD today. I pla...
by mickeyd
Thu Aug 11, 2016 2:37 pm
Forum: Investing - Help with Personal Investments
Topic: Total Stock Market Index
Replies: 24
Views: 3514

Re: Total Stock Market Index

My plan was to keep putting the max contributions for at least another 5 years into the TSMI and then eventually buy bonds to lessen my aggression as I am getting older.


That's good plan. Keep it simple until your basic investment increases over time. That's what I did and it worked out well.
by mickeyd
Thu Aug 11, 2016 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Questions on withdrawing retirement $'s
Replies: 15
Views: 1957

Re: Questions on withdrawing retirement $'s

Can you transfer funds directly (and of course be taxed on it) or do you have to sell a certain amount of funds move cash into the new account (pay taxes on that) and then purchase new funds?



Yes. That's the way that I do it (exchange from IRA to established taxable fund).
by mickeyd
Tue Aug 09, 2016 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Questions on withdrawing retirement $'s
Replies: 15
Views: 1957

Re: Questions on withdrawing retirement $'s

I would like Vanguard just to take that 2.25 % yearly equally from each fund across the board.


Doug, How many funds are you referring to? Perhaps it's time to consider simplifying your stash by cutting it down to 2 or 3 funds.
by mickeyd
Tue Aug 09, 2016 3:03 pm
Forum: Investing - Help with Personal Investments
Topic: Annuities vs the market
Replies: 18
Views: 1688

Re: Annuities vs the market

I was specifically interested in taking about half of my savings, approximately $800K and placing it in an annuity that would start when I retire. How did you become interested in this strategy? Sounds like an idea that a FA would come up with in order to generate a nice little annuity commission. ...
by mickeyd
Tue Aug 09, 2016 2:52 pm
Forum: Investing - Theory, News & General
Topic: Vanguard - why don't I 'feel' good about them?
Replies: 36
Views: 3554

Re: Vanguard - why don't I 'feel' good about them?

Fido and VG are both great investment companies. Though only Fido needs to feed the Johnson family
by mickeyd
Mon Aug 08, 2016 3:49 pm
Forum: Investing - Theory, News & General
Topic: Vanguard upgrading to Brokerage account comes with some nuisances
Replies: 70
Views: 8091

Re: Vanguard upgrading to Brokerage account comes with some nuisances

"Upgrade" is a pretty vague word. It often is preceded by the word free. I spoke with my Flagship Rep about this months ago and advised her that I did not care one way or the other. So, I was fine with it all remaining as it now is.

I guess that makes me an upgrade rejecter.
by mickeyd
Sat Aug 06, 2016 12:15 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3145
Views: 735830

Re: U.S. stocks in freefall

What are YOU doing with your money?



Since I have already "won the game" (as Dr. Bernstein puts it), I am staying the course (as Mr. Bogle puts it).

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