Search found 4408 matches

by mickeyd
Sun Nov 19, 2017 1:29 pm
Forum: Personal Consumer Issues
Topic: Insurance claim - what is my obligation?
Replies: 9
Views: 603

Re: Insurance claim - what is my obligation?

This is just like when you have a car accident. The insurance company sends you a check to cover the loss but you are under no obligation to have the car repaired.
Your mattress is not a car. Buy a new one, give them a call and get on with your life.
by mickeyd
Sun Nov 19, 2017 1:22 pm
Forum: Investing - Help with Personal Investments
Topic: How to take income from IRA?
Replies: 8
Views: 438

Re: How to take income from IRA?

What is the recommended or preferred way(s) to take income from a tax-deferred account?
My recommendation is to wait until you are ago 70 and then take out only the Required Minimum Distribution (RMD). If you need that cash prior to age 70 to live on, take it out when you need it.
by mickeyd
Fri Nov 17, 2017 12:55 pm
Forum: Personal Consumer Issues
Topic: Confused!!!! CRCCs or home care..? Help!!
Replies: 12
Views: 1072

Re: Confused!!!! CRCCs or home care..? Help!!

DW and I are pretty sure CCRC is the way to go in the long-term as long as you can come up with the up-front cash that they require. Most that we have visited are very nice and have affordable monthly rates. DW says she is looking forward to the weekly cleaning service and food options. Another bene...
by mickeyd
Thu Nov 16, 2017 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: USAA Preferred Cash Rewards Visa Card
Replies: 4
Views: 552

Re: USAA Preferred Cash Rewards Visa Card

That sounds like my USAA Visa card. I pay off the balance automatically monthly. When I signed up for the card I asked for billing to be handled this way. EZPZ lemon squeezie.
by mickeyd
Sat Nov 11, 2017 4:12 pm
Forum: Investing - Help with Personal Investments
Topic: Money Market fund for dividends, capitol gains, etc??
Replies: 9
Views: 1002

Re: Money Market fund for dividends, capitol gains, etc??

I additionally will not need my RMD money for 3-5 years... after taxes approx. $32,000 withdrawn x once a year. Trying to decide what to do...conserving is a priority. Thoughts? Since you will not need it in the short run, consider a CD for the appropriate term. Or, try online savings account, or c...
by mickeyd
Sat Nov 11, 2017 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: Money Market fund for dividends, capitol gains, etc??
Replies: 9
Views: 1002

Re: Money Market fund for dividends, capitol gains, etc??

It continues, "Here's why: you'll incur taxes on these gains when they are paid out. If you reinvest them and then turn around and withdraw them in a few months, you'll likely have to pay taxes on them again." Sounds like marketing gibberish. Do what you need to do to get your $ where you need it t...
by mickeyd
Thu Nov 09, 2017 2:02 pm
Forum: Investing - Help with Personal Investments
Topic: Money Market fund for dividends, capitol gains, etc??
Replies: 9
Views: 1002

Re: Money Market fund for dividends, capitol gains, etc??

There are a lot of ways to think about RMD action. I just continue to reinvest all of my IRA dividend distributions and take my RMD cash either once or twice a year, depending on the situation. As for if you should open a MMF or not, that's your call.
by mickeyd
Thu Nov 09, 2017 1:56 pm
Forum: Investing - Theory, News & General
Topic: Improved returns from rebalancing asset allocation
Replies: 6
Views: 552

Re: Improved returns from rebalancing asset allocation

Well anyway just a thought and at least if it keeps you from selling, rebalancing helps you buy stocks at a low price, and take risk off the table when stocks continue to increase, to me some amount of bonds makes sense. The main reason that I have about 50% of my stash in bonds is that it tends to...
by mickeyd
Wed Nov 08, 2017 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Policy Statement (RPS) -- Is anyone else using one?
Replies: 12
Views: 1144

Re: Retirement Policy Statement (RPS) -- Is anyone else using one?

Thanks for the RPS idea. Its' a new concept to me. I have a working IPS and this simple 2 page document will be used to supplement my IPS. Most of the concepts in the RPS have already been implemented already in my updated version of my IPS. Thanks again.
by mickeyd
Wed Nov 08, 2017 12:54 pm
Forum: Investing - Theory, News & General
Topic: "I took all my money out of the stock market and it feels amazing"
Replies: 69
Views: 8700

Re: "I took all my money out of the stock market and it feels amazing"

Nice suggestion Roz. But, how do you plan on keeping up with inflation w/o equities in the mix? You may wish to keep about 20% or so in stocks to take care of this.
by mickeyd
Tue Nov 07, 2017 2:03 pm
Forum: Investing - Theory, News & General
Topic: "$1 Million is Closer Than You Think"
Replies: 54
Views: 9330

Re: "$1 Million is Closer Than You Think"

I'd like to see an ad for how simple it is to acquire a $2M balance once you arrive at $1M.
by mickeyd
Sun Oct 29, 2017 2:40 pm
Forum: Local Chapters and Bogleheads Community
Topic: Thank you Boglehead.org
Replies: 24
Views: 2010

Re: Thank you Boglehead.org

I'm indebted to sscritic who is no longer on here for his knowledge
+1
by mickeyd
Sat Oct 28, 2017 3:51 pm
Forum: Local Chapters and Bogleheads Community
Topic: Thank you Boglehead.org
Replies: 24
Views: 2010

Re: Thank you Boglehead.org

Keep all that enthusiastic chatter down in there! We're trying to keep this place quiet. :shock:
by mickeyd
Sat Oct 28, 2017 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: FICO Score 9
Replies: 7
Views: 1285

Re: FICO Score 9

"Your FICO® Score 9, based on Equifax data".


Wow, I thought you got more than that for filling out your name.
by mickeyd
Sat Oct 28, 2017 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: we're going to get hit with taxes next year, help please
Replies: 21
Views: 2217

Re: we're going to get hit with taxes next year, help please

Having to pay a lot to the IRS is a pretty good problem to have. My advice? Pay it quarterly and stash the rest away for the future.

Good luck.
by mickeyd
Sat Oct 28, 2017 3:07 pm
Forum: Investing - Help with Personal Investments
Topic: RMD distribution timing
Replies: 32
Views: 2475

Re: RMD distribution timing

Why do some places/sites call them "RMDs" (which I use) while others call them "MRDs"? Just adds to confusion IMO. When I was reading IRS documents a few years ago regarding the subject, they used both acronyms interchangeably in the docs. I took it to mean that either was acceptable to use. I chos...
by mickeyd
Sat Oct 28, 2017 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: Index investing is boring
Replies: 63
Views: 5557

Re: Index investing is boring

NotWhoYouThink wrote:
Fri Oct 27, 2017 12:24 pm
Index investing wasn't all that boring in 2007-9. It was terrifying. Because it was investing, not because it was index.
I don't recall any terror in my house. As a long-term Boglehead, I must have been out trick-or-treating at the time.
by mickeyd
Sat Oct 28, 2017 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank - Savings Account Rate Increased!
Replies: 94
Views: 15303

Re: Ally Bank - Savings Account Rate Increased!

Ally always seems to lag behind those front-runners by about .05% or so. Must be part of their business model. No need to lead the field, just be up there.
by mickeyd
Fri Oct 27, 2017 2:20 pm
Forum: Investing - Help with Personal Investments
Topic: RMD distribution timing
Replies: 32
Views: 2475

Re: RMD distribution timing

If the stock market is at all-time high during summer or later, I take half off of the table at that time and take the balance prior to the end of the year. So far I have only taken distribution from my booming equity investments. I have been stashing the proceeds in cash as I have a costly event ap...
by mickeyd
Fri Oct 27, 2017 2:15 pm
Forum: Investing - Theory, News & General
Topic: Morningstar responds to Wall Street Journal article
Replies: 23
Views: 3545

Re: Morningstar responds to Wall Street Journal article

This was featured on Nightly Business Report too, the Wall Street Journal reporter was interviewed. I forget what night that ran.[/quote ]

I saw it last night on NBR.
by mickeyd
Fri Oct 27, 2017 2:13 pm
Forum: Investing - Theory, News & General
Topic: Morningstar responds to Wall Street Journal article
Replies: 23
Views: 3545

Re: Morningstar responds to Wall Street Journal article

It appears to me that the M* star-system is a moneymaker for M* . I notice that most MF ads also include what the M* rating is. Wonder how much it cost ad advertiser to have those in the ad?
by mickeyd
Thu Oct 26, 2017 3:04 pm
Forum: Investing - Help with Personal Investments
Topic: Index investing is boring
Replies: 63
Views: 5557

Re: Index investing is boring

Boring? I call it rewarding.
by mickeyd
Mon Oct 23, 2017 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Whole Life Policy Analysis
Replies: 53
Views: 2675

Re: Whole Life Policy Analysis

What other LI do you have other than this policy?
by mickeyd
Mon Oct 23, 2017 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Better than 4% Rule
Replies: 40
Views: 5181

Re: Better than 4% Rule

The so-called "4% rule" is not a rule, but a concept to begin with in case you have no clue where to start when you finally get around to addressing the idea of retirement income for yourself. Used as a guide, it's better than nothing (like the % in bonds concept) when beginning your search. I doubt...
by mickeyd
Mon Oct 23, 2017 12:45 pm
Forum: Investing - Theory, News & General
Topic: using vanguard to manage assets
Replies: 10
Views: 1144

Re: using vanguard to manage assets

Does anyone have any experience with Vanguard acting as manager for his/her portfolio. I am a better manager of My assets than any person, either VG or not, alive today. I know MY plan better than anyone else and I know why it's headed in the direction that it is. That said, If I became lazy and wa...
by mickeyd
Mon Oct 23, 2017 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: Who does the portfolio reviews and why?
Replies: 21
Views: 1355

Re: Who does the portfolio reviews and why?

I have probably done "portfolio review", but I did not know that the process that I went thru had a name. I called it "weeding out my portfolio" and it occurred several years ago when I decided to simplify my portfolio. I eliminated REIT fund, small-cap value fund, Value fund, and a couple of others...
by mickeyd
Fri Oct 20, 2017 2:33 pm
Forum: Investing - Theory, News & General
Topic: Is a crash coming soon?
Replies: 64
Views: 5653

Re: Is a crash coming soon?

Yes, but it all depends on the meaning of "soon."
by mickeyd
Fri Oct 20, 2017 2:30 pm
Forum: Investing - Help with Personal Investments
Topic: Want to switch from managed USAA
Replies: 7
Views: 554

Re: Want to switch from managed USAA

I moved all of my investment accounts from USAA to Vanguard about 15 years ago mainly because they have better funds and they are cheaper to own. I consider that move one of my better financial moves, but time will tell.
by mickeyd
Sun Oct 15, 2017 3:05 pm
Forum: Investing - Theory, News & General
Topic: How does everyone keep track of your portfolio?
Replies: 107
Views: 7068

Re: How does everyone keep track of your portfolio?

I view my quarterly statements when they arrive in the mail and check my accounts @ VG at least annually after RMD. If they need tweaking I take care of it at that time. If not, I return to what I was doing.
by mickeyd
Sat Oct 14, 2017 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Annuities - how does insurance company know you died?
Replies: 49
Views: 2905

Re: Annuities - how does insurance company know you died?

Anyone who assumes the identity of a deceased person has committed fraud. Most folks understand this concept and financial institutions know how to track them down if they violate this concept.
by mickeyd
Sat Oct 14, 2017 12:15 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle, The Only Way To Beat The Stock Market
Replies: 5
Views: 2442

Re: Jack Bogle, The Only Way To Beat The Stock Market

Thanks so much for that link. Even though it is about 5 years old, it was wonderful to view again. I watch Consuelo Mack's show on PBS each week and think that it is usually worth my time.
by mickeyd
Fri Oct 13, 2017 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: [Social Security announces 2.0% benefit increase for 2018]
Replies: 26
Views: 3351

2% COLA for 2018

Looks like SSA will be upping it's payouts 2% in 2018. Military and Fed pensions should also jump up the same.Look for an increase in Medicare rates also that will blunt this.

https://federalnewsradio.com/benefits/2 ... t-in-2018/
by mickeyd
Wed Oct 11, 2017 2:42 pm
Forum: Investing - Help with Personal Investments
Topic: Whole life insurance - question for surrending
Replies: 5
Views: 606

Re: Whole life insurance - question for surrending

Any thoughts would be appreciated, to help confirm if I am on right thinking path as I start to work to surrender these and better use those funds in our ROTH IRAs. I tend to agree with your conclusion. WL insurance pays the agent first, the company next and the policy owner last. It's a sales proc...
by mickeyd
Tue Oct 10, 2017 1:26 pm
Forum: Personal Consumer Issues
Topic: Do you want your receipt?
Replies: 99
Views: 7698

Re: Do you want your receipt?

I always demand a receipt and check them against the monthly statement. How else can you check for fraud accurately? Have you ever had a price discrepancy? I have not... my parents have when a waiter added a few dollars to a tip. I make so few purchases at retail outlets (under 8 a month... if that...
by mickeyd
Mon Oct 09, 2017 1:13 pm
Forum: Investing - Help with Personal Investments
Topic: Ameriprise and Term Insurance
Replies: 4
Views: 481

Re: Ameriprise and Term Insurance

What would be the reason he would want us to shop for term insurance every 10 years?
Future commission $.
by mickeyd
Mon Oct 09, 2017 12:57 pm
Forum: Investing - Theory, News & General
Topic: Rebalancing - Personal Philosophies
Replies: 43
Views: 3712

Re: Rebalancing - Personal Philosophies

My simple rebalancing efforts tend to happen after my annual RMD distribution. If there is a drastic AA change (5%+), I jigger my, now simple, AA a bit to get it in range. I then go to sleep for 12 month. EZPZ.
by mickeyd
Mon Oct 09, 2017 12:48 pm
Forum: Personal Consumer Issues
Topic: Is there boglehead consensus on buying a car?
Replies: 73
Views: 5051

Re: Is there boglehead consensus on buying a car?

I have owned over a dozed cars, new and used. I have decided that a new car (I like Toyota) with all of it's warranties is right for me as we tend to keep cars around 15 years and maintain them as required by the manufacturer.
by mickeyd
Mon Oct 09, 2017 12:27 pm
Forum: Investing - Theory, News & General
Topic: And the Nobel Memorial Prize in Economic Sciences goes to [Richard Thaler]
Replies: 97
Views: 8528

Re: And the Nobel Memorial Prize in Economic Sciences goes to [Richard Thaler]

Thaler is well-deserving of this honor. But, still waiting for Bogle to get the nod. BE is a great field to read/learn about- always changing. The illogical behavior has economic consequences: People spend more than they should and don't save enough for retirement. They make investments — in houses ...
by mickeyd
Mon Oct 09, 2017 12:07 pm
Forum: Investing - Theory, News & General
Topic: Why is inflation so low? Moore's law?
Replies: 33
Views: 4418

Why is inflation so low? Moore's law?

I was unfamiliar with Moore's law prior to reading this VG paper. It shows how technology may be a factor is keeping inflation down as all industries are benefiting from new, cheaper technology. Coined by Intel co-founder Gordon Moore, Moore’s Law has become shorthand for the diffusion of ever more ...
by mickeyd
Sun Oct 08, 2017 4:30 pm
Forum: Investing - Help with Personal Investments
Topic: Millionaire Next Door (Thank you Bogleheads)
Replies: 81
Views: 11355

Re: Millionaire Next Door (Thank you Bogleheads)

Congrats! The second million is much easier. No?
by mickeyd
Sun Oct 08, 2017 3:37 pm
Forum: Investing - Theory, News & General
Topic: Flagship Reps
Replies: 91
Views: 8989

Re: Flagship Reps

One millon dollars in 1958 had the same buying power as 8 1/2 million dollars would today.
... and John Baresford Tipton made it tax-free somehow. Those days were when a million bucks tax-free was a million bucks.
by mickeyd
Sat Oct 07, 2017 3:35 pm
Forum: Personal Consumer Issues
Topic: Do you want your receipt?
Replies: 99
Views: 7698

Re: Do you want your receipt?

I always demand a receipt and check them against the monthly statement. How else can you check for fraud accurately?
by mickeyd
Sat Oct 07, 2017 3:29 pm
Forum: Investing - Theory, News & General
Topic: Flagship Reps
Replies: 91
Views: 8989

Re: Flagship Reps

I like my Flagship rep mainly because she was smart and she sent me a free copy of Jack Bogle's last book. I really have no use for a special rep, but enjoyed the occasional chat and book. I'm quite OK with the new team concept.
by mickeyd
Mon Oct 02, 2017 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Go to cash now or in late December when i need the cash
Replies: 28
Views: 2006

Re: Go to cash now or in late December when i need the cash

This not dissimilar to my quandery of when to take my RMD, now or in December? I decided half now and half in December. With only $10K at stake, there is not much difference in the long run.
by mickeyd
Mon Oct 02, 2017 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Past problem with Universal Life assumptions
Replies: 7
Views: 429

Re: Past problem with Universal Life assumptions

As is noted here often, stick with term life insurance. Keep your investments and your LI in different pockets.