Search found 4259 matches

by mickeyd
Wed Dec 07, 2016 4:45 pm
Forum: Investing - Theory, News & General
Topic: Navy Federal CU New Certificate Offering
Replies: 4
Views: 932

Re: Navy Federal CU New Certificate Offering

Thanks for the heads up. NFCU has had some excellent CD rates the last few years.
by mickeyd
Sun Dec 04, 2016 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Is Federal Health Benefits Program A Good System?
Replies: 31
Views: 2016

Re: Is Federal Health Benefits Program A Good System?

I don't know if the federal program that is referred to includes the Military Tricare (I suspect not), but the government plan that I am part of is paid for by me and my fellow taxpayers and does not have to come our of corporate profits, so it's difficult to make comparisons.
by mickeyd
Sun Dec 04, 2016 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Do You Consider Dividends As Income?
Replies: 65
Views: 3880

Re: Do You Consider Dividends As Income?

All income is income. Where is the confusion?
by mickeyd
Sun Dec 04, 2016 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Paying phone bills / cable bills with a credit card?
Replies: 10
Views: 1713

Re: Paying phone bills / cable bills with a credit card?

We charge all of our bills as long as there is not a fee attached to it. For example, our water and power companies are controlled by local government and charge an extra fee if you run it thru a CC. I pay those via ACH at not added cost. Cable/phone/internet are paid via CC.
by mickeyd
Sun Dec 04, 2016 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Feeling like you've "made it"
Replies: 107
Views: 10066

Re: Feeling like you've "made it"

My thanks to warner25 for kicking off this interesting thread. Dr. Bernstein's oft quoted "If you've won the game, why keep playing?" should not be observed as hubris. I'm age 72 and have been investing since I was about 25 years of age. Seen a lot of ups and downs. Mostly ups. At some poi...
by mickeyd
Sun Dec 04, 2016 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: How do you save copies of your tax forms and supporting docs?
Replies: 25
Views: 1619

Re: How do you save copies of your tax forms and supporting docs?

I use TT software and retain all paper copies and supporting documents for seven years. Then I shred them when I add another new year to the stack in the attic. Note: I get a kick out of reviewing the 7 year old documents prior to shredding them and then burning that mass in the BBQ grill the next t...
by mickeyd
Sun Dec 04, 2016 2:19 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking of going solo
Replies: 38
Views: 4388

Re: Thinking of going solo

Welcome here mostly-patient, You have received invaluable advice, assistance, and guidance from knowledgeable Bogleheads above. But do not forget that this is YOUR account and should reflect what you want. Most of us are refugees from other financial outposts other than Vanguard, but all ended up he...
by mickeyd
Sun Dec 04, 2016 2:05 pm
Forum: Investing - Theory, News & General
Topic: Shocking Bogle quotes
Replies: 19
Views: 2229

Re: Shocking Bogle quotes

Nothing shocking here. Investment comments that Mr. Bogle wrote about 25 years ago in one of his earlier books is interesting to comment about today, but we should understand that investing has made huge changes over that time and his comments on the subject have also changed over time.
by mickeyd
Sun Dec 04, 2016 1:43 pm
Forum: Investing - Theory, News & General
Topic: [favorite] Boglehead quotes
Replies: 70
Views: 8636

Re: [favorite] Boglehead quotes

Mickeyd, It would be nice if you provided the source posts of your quotes. LadyGeek, It would be nice if you provided the actual quote you'd like to highlight in the linked post, along with the forum name of its author. Thanks in advance to both of you. :wink: The source was this forum and Taylor w...
by mickeyd
Sat Dec 03, 2016 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Northwestern Mutual Whole Cash Value Life Insurance (65 Life)
Replies: 21
Views: 1103

Re: Northwestern Mutual Whole Cash Value Life Insurance (65 Life)

Welcome here Trama09, That Northwestern Mutual agent was a great salesman. You don't appear to need WL insurance. It may be time to consider the possibility that the money that you have spent so far on this policy may end up being what we call "cost of your investing education", tuition if...
by mickeyd
Sun Nov 27, 2016 5:08 pm
Forum: Investing - Theory, News & General
Topic: Retirees: Where are you going for income?
Replies: 102
Views: 14264

Re: Retirees: Where are you going for income?

SS, RMD, pensions, disability, and TSM quarterly dividends provides me with enough.
by mickeyd
Sun Nov 27, 2016 3:50 pm
Forum: Investing - Theory, News & General
Topic: What was your Asset Allocation before and after retirement?
Replies: 91
Views: 8033

Re: What was your Asset Aloocation before and after retirement?

Interstingly (and somewhat worrisome) is this doesn't seem to match anyone else's description so far :oops:


Could it be that we all have different plans? Different needs?
by mickeyd
Sat Nov 26, 2016 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Stupid question on Emergency Fund
Replies: 19
Views: 2305

Re: Stupid question on Emergency Fund

Welcome here cresive,

By setting aside a cash reserve (EF?) an investor lessons the effect of a sudden market flux at the exact time that cash may be needed for something else. Yes you give up a certain amount of possible profit, but you lower your overall risk.
by mickeyd
Sat Nov 26, 2016 1:04 pm
Forum: Investing - Theory, News & General
Topic: What was your Asset Allocation before and after retirement?
Replies: 91
Views: 8033

Re: What was your Asset Aloocation before and after retirement?

When we hit another bear market,


When do you predict that to be? How will you identify the correct time to act?
by mickeyd
Sat Nov 26, 2016 12:16 pm
Forum: Investing - Theory, News & General
Topic: What was your Asset Allocation before and after retirement?
Replies: 91
Views: 8033

Re: What was your Asset Aloocation before and after retirement?

When I retired 10+ years ago my AA was 70/30. I slowly changed it eventually to 60/40 over a few years. It is now 45/45/10. I expect it to stay there a long time.
by mickeyd
Thu Nov 24, 2016 12:16 pm
Forum: Investing - Help with Personal Investments
Topic: rollover ira [what to invest in]
Replies: 14
Views: 884

Re: rollover ira [what to invest in]

Consider the Total Stock Market Index (TSM) for part (all?) of your equity allocation. It preforms like the S&P 500 idx however it contains 4000+ stocks, thus more diversification.
by mickeyd
Wed Nov 23, 2016 8:16 pm
Forum: Investing - Theory, News & General
Topic: Boglehead Contest leaders as S&P 500 Index makes new high
Replies: 17
Views: 2461

Re: Boglehead Contest leaders as S&P 500 Index makes new high

I'm sittin pretty @ #193 just waiting to pounce on those 192 other pretenders just above me. :shock:
by mickeyd
Sun Nov 20, 2016 2:31 pm
Forum: Personal Consumer Issues
Topic: Online Account Security Questions
Replies: 30
Views: 2350

Re: Online Account Security Questions

After many years of changing passwords I find that using a phrase or sentence that is easily memorable to me works best. MNIM#AILB would work for me as it is easy to recall "My name is mickeyd and I love Bogleheads".
by mickeyd
Sun Nov 20, 2016 2:22 pm
Forum: Investing - Theory, News & General
Topic: Choosing a bond fund based on personal income, salary.
Replies: 5
Views: 740

Re: Choosing a bond fund based on personal income, salary.

I'm just looking for a general idea, You live in MI (which I believe has a state income tax). I live it TX which has none. No general rule would ever work for either of us. Read as much as you can on the subject, break out pencil and paper (or calculator), do some stubby-pencil work and see what ap...
by mickeyd
Sun Nov 20, 2016 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Synchrony vs Ally
Replies: 37
Views: 3230

Re: Synchrony vs Ally

Both Ally and Synchrony are FDIC banks. Online accounts at ALLY yield 1.00% and Synchrony is at 1.05%, I believe. Both APYs can change overnight, up or down. CD rates come and go as the bank need cash. Nothing wrong with jumping from bank to bank chasing CD rates after your time is up. I use Ally, b...
by mickeyd
Sun Nov 20, 2016 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Whole life - 7 "pithy" questions to ask the salesman
Replies: 43
Views: 3750

Re: Whole life - 7 "pithy" questions to ask the salesman

Even though it is not required for life insurance, as it soon will be with most retirement products, I would ask~ "Are you a fiduciary?"
by mickeyd
Sun Nov 20, 2016 1:43 pm
Forum: Investing - Help with Personal Investments
Topic: Random Question on Automated Payments
Replies: 2
Views: 294

Re: Random Question on Automated Payments

My question is this: Do I need to halt automatic payments with American Funds Like VG, AF can not read your mind and would rather continue to get your contribution than ignore the obvious. Call them and ask how you immediately stop the process. Keep a note of who you spoke to @ AF in case the proce...
by mickeyd
Fri Nov 18, 2016 5:14 pm
Forum: Investing - Help with Personal Investments
Topic: Bond Fund vs cash for taxable account
Replies: 6
Views: 685

Re: Bond Fund vs cash for taxable account

I have 25k in a savings account that is earning 1.05% interest.


Hi james1,

When do you plan on spending this $25K? If you plan on spending it soon, then keep it in cash. If longer term, maybe a ST bond fund would work or a muni-fund. You get to decide what "soon" means.
by mickeyd
Fri Nov 18, 2016 5:08 pm
Forum: Personal Consumer Issues
Topic: "Musk Says Tesla’s Solar Shingles Will Cost Less Than a Dumb Roof"
Replies: 78
Views: 8314

Re: "Musk Says Tesla’s Solar Shingles Will Cost Less Than a Dumb Roof"

Elon Musk seems to be the guru of millions of millennials today. He's a brilliant guy who thinks he can find a way to control the rays of the sun. Why not?
by mickeyd
Fri Nov 18, 2016 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: What's the best Cashback CC for "general" uses?
Replies: 27
Views: 2871

Re: What's the best Cashback CC for "general" uses?

I'm not a general, but I have used Discover card for 30+ years and probably will continue to use it for 30 more. I use my $4-500 annual cashback to reduce my monthly bill. Easy peasy, lemon squeezy.
by mickeyd
Fri Nov 18, 2016 4:12 pm
Forum: Investing - Theory, News & General
Topic: Teach Your Kids These Four-Letter Words
Replies: 3
Views: 662

Teach Your Kids These Four-Letter Words

Interesting article about the value of saving and time. We already know this, so pass it on to those you love. For this hypothetical investor, moving from $100 to $200 per month requires an additional savings of a little more than $3 per day, while a $500 monthly contribution requires an additional ...
by mickeyd
Fri Nov 18, 2016 3:59 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3284
Views: 788354

Re: U.S. stocks in freefall

Note: I of course did not actually take Krugman's advice


Few do.
by mickeyd
Sun Nov 13, 2016 4:12 pm
Forum: Personal Consumer Issues
Topic: TV show recommendations?
Replies: 435
Views: 179957

Re: TV show recommendations?

The Walking Dead continues to top my list of current shows. Along with Negan, and his enforcer "Lucille," one never knows what to expect next.
by mickeyd
Sat Nov 12, 2016 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Turbo Tax 2016 purchase source
Replies: 35
Views: 3817

Re: Turbo Tax 2016 purchase source

Prior to last year, VG offered it free. As I recall, USAA was offering it at a reduced rate. I think I paid about $50 at Amazon last year. I plan on doing more research this year trying to get it as close to zero as I can.
by mickeyd
Sat Nov 12, 2016 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: John Hancock discontinues LTC insurance sales
Replies: 45
Views: 4154

Re: John Hancock discontinues LTC insurance sales

But what if you don't have kids or relatives to take care of you when you are old and need help?


You might want to consider looking into a Continuous Care Retirement Community (CCRC Google it) in your area.
by mickeyd
Sat Nov 12, 2016 1:49 pm
Forum: Investing - Theory, News & General
Topic: "Stay the Course in the Next Bad Market?"
Replies: 32
Views: 5483

Re: "Stay the Course in the Next Bad Market?"

I remarked at work yesterday how the Dow just hit an all-time high. A coworker mentioned that it may be time to get back into the market


If that was not so sad, it would be funny. I can picture you quietly shaking your head from side to side in disbelief. 8-)
by mickeyd
Fri Nov 11, 2016 5:13 pm
Forum: Investing - Theory, News & General
Topic: "Stay the Course in the Next Bad Market?"
Replies: 32
Views: 5483

Re: "Stay the Course in the Next Bad Market?"

Welcome Here bantam22:

Heck, if I am going to lose 20%+ of my net worth, I would rather have it be this year then next year (when my portfolio value is presumably larger).


That's a great perspective bantam22. Have patience, you will surely have your share of bear markets over time.
by mickeyd
Fri Nov 11, 2016 11:30 am
Forum: Personal Finance (Not Investing)
Topic: John Hancock discontinues LTC insurance sales
Replies: 45
Views: 4154

Re: John Hancock discontinues LTC insurance sales

Can you imagine what it is going to be like trying to get a claim paid after they exit the business? How many customer service agents do you think JH will have assigned to processing future claims? Good point. CS reps are often considered a drain on profits, but a necessity. Unless they can do a bi...
by mickeyd
Thu Nov 10, 2016 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: John Hancock discontinues LTC insurance sales
Replies: 45
Views: 4154

Re: John Hancock discontinues LTC insurance sales

This does not surprise me. It seems like the insurance agents were the only ones who were wining the LTC insurance racket. Now they can't even sell it at JH. Insured's lost, JH lost, Manulife lost.
by mickeyd
Thu Nov 10, 2016 5:04 pm
Forum: Investing - Theory, News & General
Topic: "Stay the Course in the Next Bad Market?"
Replies: 32
Views: 5483

Re: "Stay the Course in the Next Bad Market?"

I have been investing since about 1970 and have seen a bunch of bear markets come and go. Living thru tough financial times is a wonderful way (some say the only way) to test yourself and your financial plan. The best thing about a bear market is that I know that a bull market is right around the co...
by mickeyd
Thu Nov 10, 2016 4:43 pm
Forum: Investing - Theory, News & General
Topic: "The presidential election and your portfolio" brought to you by Vanguard
Replies: 12
Views: 3654

Re: "The presidential election and your portfolio" brought to you by Vanguard

It was a typically excellent presentation that included 4 very competent panelists who were not hesitant about giving their opinion. What else do you want for a hour of Wednesday evening entertainment at no cost?

Very Bogleheadish... 8-)
by mickeyd
Wed Nov 09, 2016 6:50 pm
Forum: Investing - Theory, News & General
Topic: "The presidential election and your portfolio" brought to you by Vanguard
Replies: 12
Views: 3654

Re: live Vanguard webcast tonight "How the election will impact your portfolio"

I will be viewing it soon but do not expect VG to recommend anything other than "stay the course", which they always say in one form or another.
by mickeyd
Sat Nov 05, 2016 2:41 pm
Forum: Investing - Theory, News & General
Topic: Boglehead Contest -- Longest losing streak in 35 years
Replies: 15
Views: 2996

Re: Boglehead Contest -- Longest losing streak in 35 years

Daily S&P500 dips, not to mention 9 day dips, do not affect my long-term investing requirements.

Now, back to my nap. 8-)
by mickeyd
Sat Nov 05, 2016 2:35 pm
Forum: Investing - Theory, News & General
Topic: WSJ: Vanguard’s Inflows Pass Previous Annual Record in 10 Months
Replies: 7
Views: 1243

Re: WSJ: Vanguard’s Inflows Pass Previous Annual Record in 10 Months

Here's hoping that more $ in VG pocket accounts for a decrease in my ERs.
by mickeyd
Tue Nov 01, 2016 3:32 pm
Forum: Investing - Help with Personal Investments
Topic: 0.91% Expense fees on my old 401k plan. Roll to IRA?
Replies: 13
Views: 752

Re: 0.91% Expense fees on my old 401k plan. Roll to IRA?

I'd 1st look to see if the new 401k has low expenses, but I am assuming that OP wants to use the Backdoor Roth. If not, I'd definitely roll the old 401k into an IRA. Well, I do plan to invest in my new job's 401k so I'll most likely find myself funding a backdoor roth IRA in the future? Question is...
by mickeyd
Tue Nov 01, 2016 3:24 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Investor Services, thoughts?
Replies: 4
Views: 421

Re: Vanguard Personal Investor Services, thoughts?

I used Vanguard CFPs before it was called PAS and received excellent advice, discussions, feed-back from the professional @ VG. At the time I did not have to pay anything for this extra service/advice, so there's that. If they are charging 30bps for this service now and you are unsure what to do wit...
by mickeyd
Tue Nov 01, 2016 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Continue Whole Life Policy with LTC Rider or Self Fund?
Replies: 9
Views: 1063

Re: Continue Whole Life Policy with LTC Rider or Self Fund?

I have only made 2 payments on the policy, so not in too deep (yet). Might be a good time to call it quits and consider this an $11800 educational cost. Just sayin'. Perhaps they can refund to you part of the second annual premium that has yet to be "earned." Also, I think we all should u...
by mickeyd
Sun Oct 30, 2016 5:32 pm
Forum: Investing - Help with Personal Investments
Topic: Annuities
Replies: 15
Views: 1515

Re: Annuities

Can you briefly explain why TIAA-CREF annuity is different?
by mickeyd
Sun Oct 30, 2016 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Continue Whole Life Policy with LTC Rider or Self Fund?
Replies: 9
Views: 1063

Re: Continue LTC Policy or Self Fund?

Current annual premium on the policy is $5,900


How much of that pays for the LTC rider?
by mickeyd
Sun Oct 30, 2016 5:15 pm
Forum: Investing - Theory, News & General
Topic: One Fund Portfollio [Vanguard Balanced Fund?]
Replies: 10
Views: 1341

Re: One Fund Portfollio [Vanguard Balanced Fund?]

Scott Burns often recommends the balanced fund in his writings. If you can live with 60/40 and no international, that's your fund.
by mickeyd
Sat Oct 29, 2016 4:07 pm
Forum: Investing - Help with Personal Investments
Topic: Should I roll over my old 401k to IRA? Please help.
Replies: 14
Views: 1132

Re: Should I roll over my old 401k to IRA? Please help.

What should I do? Should I roll over my old 401k into Vanguard IRA?


Yes roll it to Vanguard. Pick a few index funds that suit your AA and watch it grow. Of course it's not that easy, but it is simple.

I rolled mine over to VG 10+ years ago and never looked back.
by mickeyd
Fri Oct 21, 2016 4:23 pm
Forum: Investing - Theory, News & General
Topic: Why are tax-exempt money market yields so high?
Replies: 21
Views: 3724

Re: Why are tax-exempt money market yields so high?

Years ago (10?) the tax exempt MMF was paying more than t PMMF. I recall moving most of my PMMF stash over to the TE fund for a while until it reversed course. I do not recall the circumstances that created such a situation.
by mickeyd
Sun Oct 09, 2016 1:41 pm
Forum: Investing - Theory, News & General
Topic: Does it matter the date to contribute to the second Roth IRA?
Replies: 5
Views: 572

Re: Does it matter the date to contribute to the second Roth IRA?

I agree that it really does not make much difference in the long term as to when you invest the funds. When I was regularly making contributions years ago, I waited until the end of the year to dump it in because I might have needed the cash for something else during the year. I always was able to m...
by mickeyd
Sat Oct 08, 2016 3:57 pm
Forum: Investing - Theory, News & General
Topic: Dilbert Sums Up Exactly How I feel at times
Replies: 34
Views: 4587

Re: Dilbert Sums Up Exactly How I feel at times

I always thought that Dilbert (Scott Adams) was an indexer.

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