Search found 3617 matches

by midareff
Mon Feb 08, 2016 10:42 am
Forum: Investing - Help with Personal Investments
Topic: Am I getting fleeced on my IRA? Opinions welcome.
Replies: 20
Views: 614

Re: Am I getting fleeced on my IRA? Opinions welcome.

Yes you are getting fleeced. Not sure which "major brokerage" you are with but some of them (Fidelity for sure) you can move to a non-advisor account and save the 1.5%. In addition, if there are high fees associated with the funds, then you might want to go elsewhere and access less expen...
by midareff
Sun Feb 07, 2016 11:38 am
Forum: Investing - Theory, News & General
Topic: [Vanguard Brokerage Services] 1099Bs Issued at the End of Feb
Replies: 25
Views: 1576

Re: [Vanguard Brokerage Services] 1099Bs Issued at the End of Feb

The VBS document was labeled February 24th last year, which was the 1099B for 2014.
by midareff
Sun Feb 07, 2016 10:27 am
Forum: Personal Finance (Not Investing)
Topic: (Another) Roth Conversion Question
Replies: 13
Views: 721

Re: (Another) Roth Conversion Question

Similar situation in that when RMD starts it will be my last days at 15%. I converted all remaining 15% space from 2015 and 2016 tax years to Roth. I get one more shot next year then it's first year of RMD. There are too many variables (for me) including needs based Medicare surcharges to calculate ...
by midareff
Sun Feb 07, 2016 10:22 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard International High Yield Fund
Replies: 8
Views: 574

Re: Vanguard International High Yield Fund

These are not HY bond funds, they are dividend funds: https://personal.vanguard.com/us/insights/article/fund-announcement-T-092015 The were supposedly going to be available this past December. They seem to be a bit behind on their paperwork. The brokerage conversion paperwork still says you specifi...
by midareff
Sun Feb 07, 2016 10:16 am
Forum: Investing - Help with Personal Investments
Topic: Enhancing Yield with adjustments to the Total Bond Index
Replies: 21
Views: 1057

Re: Enhancing Yield with adjustments to the Total Bond Index

Didn't Vangaurd try to "enhance" the yield of Total Bond index 15-20 years ago by increasing exposure to corporate bonds, then suffered some nasty losses in the early 2000s leading to Total Bond underperforming its benchmark by quite a bit? I can confirm they got hit badly in 2000 -- I th...
by midareff
Sun Feb 07, 2016 10:08 am
Forum: Investing - Theory, News & General
Topic: Otar Retirement Myth - overfitting, methods flaw
Replies: 8
Views: 827

Re: Otar Retirement Myth - overfitting, methods flaw

livesoft wrote:I agree completely with you.


Me too, but a great read never the less.
by midareff
Sun Feb 07, 2016 10:02 am
Forum: Investing - Theory, News & General
Topic: The Gravy Train Departed?
Replies: 57
Views: 5886

Re: The Gravy Train Departed?

That would be helpful if I was a millennial. Classifying anyone born in the 80's as a millennial is wrong and degrading. I refuse to be compared to the generation of today. I was chased around my house with a belt, I had to sit in timeout, and I never touched a computer when I got home from school....
by midareff
Sun Feb 07, 2016 9:12 am
Forum: Investing - Help with Personal Investments
Topic: The $250,000 Question
Replies: 16
Views: 3164

Re: The $250,000 Question

Dimitri wrote:
Agreed. If there is inflation. These days looking at my expenses I'm more inclined to think there is deflation.


I wish you would tell that to our medical insurance providers, the condo maintenance people, car insurance folks, and most certainly the grocery store cooked chicken. :oops:
by midareff
Sun Feb 07, 2016 9:02 am
Forum: Investing - Help with Personal Investments
Topic: The $250,000 Question
Replies: 16
Views: 3164

Re: The $250,000 Question

PenFed sent me an email ... maybe the beginning of last week advertising a 1.5% for 15 months CD. You might want to park some there, some in an Ally Bank savings account at 1% and look for better paying longer CD's. A short term corporate fund such as VCIT might work for some too.
by midareff
Sun Feb 07, 2016 8:51 am
Forum: Personal Consumer Issues
Topic: Traveling in Retirement
Replies: 45
Views: 3155

Re: Traveling in Retirement

Love to travel but the way I do has changed. At 68 now and retired 4 years I was fortunate to have to travel for work four to six times a year, and sometimes more, in addition to standard vacation times. Lots of exhibitions in the US, Chicago, Atlanta, Vegas, Reno, Charlotte, Dallas and so forth and...
by midareff
Wed Feb 03, 2016 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: What age did you retire
Replies: 84
Views: 6378

Re: What age did you retire

Retired at age 64 on 3/31/2012. Wife retired at age 48 on August 30, 2011.

I too agree completely with Taylor - "It is wonderful to wake-up in the morning and do whatever I want...". This is a good life.
by midareff
Tue Feb 02, 2016 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Withdrawal strategy for tax exempt muni fund
Replies: 22
Views: 1597

Re: Retirement Withdrawal strategy for tax exempt muni fund

I agree, there are many factors involved but to the amount I can use 15% space it is a no brainer. Fully agree that there are so many variables and unknowns that a detailed calculation is not worth the effort. The other issue is that the tax code is so convoluted and complicated that sometimes the ...
by midareff
Mon Feb 01, 2016 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Withdrawal strategy for tax exempt muni fund
Replies: 22
Views: 1597

Re: Retirement Withdrawal strategy for tax exempt muni fund

I'm 4 years retired and maxing my 15% tax space with Roth conversions. As soon as I hit RMD I will be in the 25% space permanently after my pension and SS. The VG IT Tax-Ex Muni fund is presently distribution about 3% monthly, tax free. Added benefit to resetting capital gains. midareff, not trying...
by midareff
Mon Feb 01, 2016 12:34 pm
Forum: Personal Consumer Issues
Topic: Which app/plan do you use to make calls to overseas?
Replies: 40
Views: 1628

Re: Which app/plan do you use to make calls to overseas?

I used phone cards to make calls to friends in Vietnam but since I moved to a small town no one here sells this type of phone cards. I don't have a landline but a smartphone with Republic Wireless that has no international plan. Which app/plan do you use? Does it have good call quality? How much pe...
by midareff
Mon Feb 01, 2016 11:32 am
Forum: Personal Consumer Issues
Topic: Longtime AT&T customer looking for MVNO cell provider
Replies: 23
Views: 1881

Re: Longtime AT&T customer looking for MVNO cell provider

Have had enough of AT&T as well. Consumer Cellular seems to fit us best and will be placing a Galaxy S3 and S5 with them as soon as wife gets back in the country mid month.
by midareff
Mon Feb 01, 2016 8:43 am
Forum: Personal Finance (Not Investing)
Topic: Paying estimated taxes
Replies: 24
Views: 2302

Re: Paying estimated taxes

At the beginning of the year I use Taxcaster https://turbotax.intuit.com/tax-tools/calculators/taxcaster/ to calculate/predict my tax for the coming year. I know how much my pension and SS will be, can predict dividend income closely from previous years performance and can calculate mortgage interes...
by midareff
Mon Feb 01, 2016 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Withdrawal strategy for tax exempt muni fund
Replies: 22
Views: 1597

Re: Retirement Withdrawal strategy for tax exempt muni fund

I'm 4 years retired and maxing my 15% tax space with Roth conversions. As soon as I hit RMD I will be in the 25% space permanently after my pension and SS. The VG IT Tax-Ex Muni fund is presently distribution about 3% monthly, tax free. Added benefit to resetting capital gains. midareff, not trying...
by midareff
Mon Feb 01, 2016 7:39 am
Forum: Personal Consumer Issues
Topic: Best place to travel July/August for 1-2 weeks?
Replies: 15
Views: 1549

Re: Best place to travel July/August for 1-2 weeks?

If you can handle the weather certainly northern Thailand, Cambodia (Ankor Wat) and Vietnam make an excellent trip. A guided tour such as those offered by Smartours or Grand European (both have websites) can be a terrific value. We spent three weeks last summer on an Amsterdam to Budapest cruise and...
by midareff
Sun Jan 31, 2016 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Withdrawal strategy for tax exempt muni fund
Replies: 22
Views: 1597

Re: Retirement Withdrawal strategy for tax exempt muni fund

I'm 4 years retired and maxing my 15% tax space with Roth conversions. As soon as I hit RMD I will be in the 25% space permanently after my pension and SS. The VG IT Tax-Ex Muni fund is presently distribution about 3% monthly, tax free. Added benefit to resetting capital gains. If you have a better ...
by midareff
Fri Jan 29, 2016 12:20 pm
Forum: Investing - Help with Personal Investments
Topic: Retired & Estimated tax payments ???
Replies: 27
Views: 1097

Re: Retired & Estimated tax payments ???

Hello Everyone, Do most of the retired people here make estimated quarterly tax payments? I am currently retired and receiving severance right now but that is going to end in July. It was just late last night when thinking about how things will change for me once that last paycheck comes that I rea...
by midareff
Fri Jan 29, 2016 10:47 am
Forum: Investing - Help with Personal Investments
Topic: What's this "magical 5% return" always being referred to?
Replies: 18
Views: 1493

Re: What's this "magical 5% return" always being referred to?

ive heard professionals and people planning for retirement mention "5% return" as if it's guaranteed... i.e. "a million dollars invested at 5% gets you $40K/year for the rest of your life." Hypothetically if I had $1M in retirement and was to retire today, how would I maintain b...
by midareff
Fri Jan 29, 2016 10:27 am
Forum: Investing - Help with Personal Investments
Topic: What's this "magical 5% return" always being referred to?
Replies: 18
Views: 1493

Re: What's this "magical 5% return" always being referred to?

ive heard professionals and people planning for retirement mention "5% return" as if it's guaranteed... i.e. "a million dollars invested at 5% gets you $40K/year for the rest of your life." Hypothetically if I had $1M in retirement and was to retire today, how would I maintain b...
by midareff
Fri Jan 29, 2016 12:03 am
Forum: Personal Consumer Issues
Topic: wife needs phone. Android, iPhone or Windows phone?
Replies: 49
Views: 3016

Re: wife needs phone. Android, iPhone or Windows phone?

I'm probably in a small minority here but a phone is really a necessary inconvenience to me, and my wife has even less use of one. We are both retired and she uses hers only to call her mother internationally via a calling card service on a weekly basis. For everything else she uses a service called...
by midareff
Thu Jan 28, 2016 11:52 pm
Forum: Investing - Help with Personal Investments
Topic: A Few Small Random Questions
Replies: 9
Views: 715

Re: A Few Small Random Questions

Hello, New to Bogleheads and have been reading the wiki and forums extensively the last month. 1.) I'm trying to find previous forum posts on Bogleheads who have taxable accounts for revolving savings goals like a car, vacation, and down payment (~5-20 Years). I'm not quite sure what I should be se...
by midareff
Wed Jan 27, 2016 5:42 pm
Forum: Investing - Theory, News & General
Topic: DoubleLine Capital LP’s Jeffrey Gundlach
Replies: 9
Views: 905

Re: DoubleLine Capital LP’s Jeffrey Gundlach

I know we have not agreed on everything in the past ogd but you are giving me quote credit for a matjen post. I never said that... regardless. I recently decided to give his Total Return Fund a try in my IRA for a variety of reasons. Unless my reading of his fund and materials is wrong he is predom...
by midareff
Wed Jan 27, 2016 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance: 15yr or 30yr + invest?
Replies: 22
Views: 2121

Re: Refinance: 15yr or 30yr + invest?

I'd contact PenFed and speak to them about a 30 year. You can open an account with $5 in a savings account and a donation of $25 to a friends of the military organization. Most days now their 20% down 30 year is 3.375% and an occasional day at 3.25%. AFAIK they will fly with 80% of appraisal for loa...
by midareff
Wed Jan 27, 2016 1:17 pm
Forum: Investing - Theory, News & General
Topic: DoubleLine Capital LP’s Jeffrey Gundlach
Replies: 9
Views: 905

Re: DoubleLine Capital LP’s Jeffrey Gundlach

And he is probably 20+ years younger than Gross so less Manager (retiring) risk. On the other hand, if you read a little about his past, he might be quite a bit less stable. As in, one day he discovers Zoroastrianism and takes off for the Himalayas, leaving your money stranded. This gives me pause....
by midareff
Wed Jan 27, 2016 10:07 am
Forum: Personal Consumer Issues
Topic: Best Netflix/YouTube interface for the Big Screen?
Replies: 44
Views: 1638

Re: Best Netflix/YouTube interface for the Big Screen?

Our Samsung Smart TV's .. both 55", one a 7500 series the other an 8000 work best straight wi-fi. Using either from Sony Blu-Ray players wi-fi degrades the signal quite noticeably. The cleanest signal path is almost ALWAYS the best.
by midareff
Wed Jan 27, 2016 10:03 am
Forum: Investing - Help with Personal Investments
Topic: Are these two funds "substantially identical?"
Replies: 18
Views: 637

Re: Are these two funds "substantially identical?"

JW-Retired wrote:Tracking a different index would be good enough for me, but only the IRS opinion counts and they probably won't share it.



Ditto.
by midareff
Mon Jan 25, 2016 11:51 am
Forum: Investing - Theory, News & General
Topic: Mike, the World's Most Patient Market Timer
Replies: 22
Views: 3108

Re: Mike, the World's Most Patient Market Timer

Why was January 2016 so obvious? Not that I believe in charts any differently than Tarot Cards, Tea Leaves or Palm Readers but there was a pattern that could indicate the bull's legs were tired. Length of bull run, market index pricing and a Shiller PE escalated far above norms for an extended time...
by midareff
Mon Jan 25, 2016 11:45 am
Forum: Investing - Theory, News & General
Topic: Mike, the World's Most Patient Market Timer
Replies: 22
Views: 3108

Re: Mike, the World's Most Patient Market Timer

Drops are only glaring in the rear view mirror, and are no indication that the amount dropped has reached maximum until well after it has. Catchy phrases such as catching a falling knife and dead cat bounce have come from such events. Buying low will always have benefits although you won't know tha...
by midareff
Mon Jan 25, 2016 10:47 am
Forum: Personal Consumer Issues
Topic: Netflix increasing prices. Will you keep it?
Replies: 52
Views: 6226

Re: Netflix increasing prices. Will you keep it?

We watch far more Netflix HD than any of the premium movie channels. Two bucks a month makes no difference to me in a world where a cup of restaurant coffee is $2.50.
by midareff
Mon Jan 25, 2016 10:43 am
Forum: Investing - Theory, News & General
Topic: Mike, the World's Most Patient Market Timer
Replies: 22
Views: 3108

Re: Mike, the World's Most Patient Market Timer

Drops are only glaring in the rear view mirror, and are no indication that the amount dropped has reached maximum until well after it has. Catchy phrases such as catching a falling knife and dead cat bounce have come from such events. Buying low will always have benefits although you won't know that...
by midareff
Mon Jan 25, 2016 10:39 am
Forum: Investing - Help with Personal Investments
Topic: Exchanging Vanguard Funds
Replies: 1
Views: 204

Re: Exchanging Vanguard Funds

It can make sense to exchange funds when they are both down if it avoids capital gains or results in usable loss harvesting.
by midareff
Mon Jan 25, 2016 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Most anticipated retirement purchase
Replies: 107
Views: 7000

Re: Most anticipated retirement purchase

More than one..... relocate to a friendlier city in Florida, I'm tired of Miami. Extended European travel at above standard accomodations and am looking forward to the next new car.
by midareff
Mon Jan 25, 2016 10:06 am
Forum: Investing - Theory, News & General
Topic: What is Your Bond Allocation & Location
Replies: 38
Views: 3809

Re: What is Your Bond Allocation & Location

Age 68 and retired 4 years for background, with a cola'd pension and drawing SS. Overall AA is roughly 40/57/3, equities/bonds/bank cash.In my IRA, which holds about 50% of total portfolio there is 30.5% of total portfolio in bonds, which breaks down to 20% IT IG Corp Index, 8% HY and 2.5% Gundlach'...
by midareff
Mon Jan 25, 2016 7:39 am
Forum: Investing - Theory, News & General
Topic: Jack's nuances. [Jack Bogle vs. fixed income, bonds]
Replies: 44
Views: 3298

Re: Jack's nuances. [Jack Bogle vs. fixed income, bonds]

Quote from Stemiker post, Nuance One. Count Social Security as part of your fixed income allocation. I'm still not sure I agree yet. If this is the case, I could probably just stay with a 60/40 for life and never look back. I consider SS, investments and pensions all as different income streams tha...
by midareff
Sun Jan 24, 2016 4:57 pm
Forum: Investing - Theory, News & General
Topic: [Market] Correction...Corection...Correction
Replies: 103
Views: 9780

Re: CORRECTION...Corection...Correction

Will buy as soon as I see an 18 as the first two S&P numbers. So did you buy today? No, but I might buy some tomorrow. I don't believe in calling tops or bottoms but I am far from sure the drop is exhausted. It's another day and the answer is now yes. Now we have an exercise in patience to see ...
by midareff
Sun Jan 24, 2016 4:55 pm
Forum: Investing - Theory, News & General
Topic: Jack's nuances. [Jack Bogle vs. fixed income, bonds]
Replies: 44
Views: 3298

Re: Jack's nuances. [Jack Bogle vs. fixed income, bonds]

Quote from Stemiker post, Nuance One. Count Social Security as part of your fixed income allocation. I'm still not sure I agree yet. If this is the case, I could probably just stay with a 60/40 for life and never look back. I consider SS, investments and pensions all as different income streams that...
by midareff
Sun Jan 10, 2016 12:56 pm
Forum: Investing - Theory, News & General
Topic: Drawdown from Max Value to Current Value - last 5 years
Replies: 15
Views: 845

Re: Drawdown from Max Value to Current Value - last 5 years

Ahhhh.... I think you have a data issue. The 3 first working day of 2011 the S&P500 was at 1271. After taking a beating so for this year it is at 1900+. How is that an 8.7% decrease? I'm not sure what you are saying or how you got there but my data is very different. Second example.. VTI (Vangu...
by midareff
Sun Jan 10, 2016 12:53 pm
Forum: Investing - Theory, News & General
Topic: vanguard total world yield > total bond market
Replies: 12
Views: 1028

Re: vanguard total world yield > total bond market

Liquidity and cash flow vs liabilities... Seems to me this forum focuses too much on volitilty for the illusion of safety. Volatility is a drag on returns. The higher the volatility, the larger the drag. If you are 30 and have a steady income flow to invest in a high equity allocation monthly or bi...
by midareff
Sun Jan 10, 2016 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: TLH in 15% bracket--ever worth it?
Replies: 19
Views: 1153

Re: TLH in 15% bracket--ever worth it?

I am in the 15% marginal income tax bracket. I harvest my losses to go with my carryover losses. This will allow me to have more IRA conversions to Roth IRA while paying almost no taxes. Folks who state that it will increase decrease my future cost basis forget that I am going to die after I use up...
by midareff
Sun Jan 10, 2016 12:29 pm
Forum: Investing - Theory, News & General
Topic: Drawdown from Max Value to Current Value - last 5 years
Replies: 15
Views: 845

Re: Drawdown from Max Value to Current Value - last 5 years

Ahhhh.... I think you have a data issue. The 3 first working day of 2011 the S&P500 was at 1271. After taking a beating so for this year it is at 1900+. How is that an 8.7% decrease? I'm not sure what you are saying or how you got there but my data is very different. Second example.. VTI (Vangua...
by midareff
Sun Jan 10, 2016 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Time to change my credit cards?
Replies: 28
Views: 2687

Re: Time to change my credit cards?

I called Amex. They cannot transfer me from my Gold to the Preferred Blue rewards card. I would have open a new account for the Blue and then close my Gold account. I don't want to "lose" 30 years of good credit history on my Gold card. Than don't close that card when you open the next one.
by midareff
Sat Jan 09, 2016 2:55 pm
Forum: Investing - Help with Personal Investments
Topic: Should SS Affect Asset Allocation Strategy for Me?
Replies: 21
Views: 1250

Re: Should SS Affect Asset Allocation Strategy for Me?

Your portfolio produces and income stream (dividends) and growth potential. SS produces an income stream, pensions produce an income stream, SPIA's produce an income stream and so forth. Your market investments should have a proper allocation as a portfolio which is designed to produce an income str...
by midareff
Sat Jan 09, 2016 2:40 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA - Invest all in January or spread throughout the year?
Replies: 24
Views: 2355

Re: Roth IRA - Invest all in January or spread throughout the year?

Polymath wrote:
Leemiller wrote:Doesn't spreading it out add to transaction costs? I invest in one shot myself.


Not for a Vanguard Roth assuming you are buying their funds.


or FIDO
by midareff
Sat Jan 09, 2016 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Spending as Percent of Investment Assets
Replies: 13
Views: 876

Re: Retirement Spending as Percent of Investment Assets

My wife is younger and, based on her family history, might live 30 more years. Better start with 4% then. 4% is based on worst-case in the past, making your money last 30 years. After a few years, if things are going well, up your withdrawals a bit. You guys are getting $78k a year from pensions an...
by midareff
Sat Jan 09, 2016 1:19 pm
Forum: Investing - Help with Personal Investments
Topic: Take 2016 RMD now?
Replies: 11
Views: 826

Re: Take 2016 RMD now?

Since the general long term direction of the market is up I'm tempted to do my RMD (starts in 2018) by monthly equal amount withdrawals. If you use the first of the month as a timer you would still have most of December to figure your remaining 15% tax space for conversion purposes. I don't see a 2...
by midareff
Sat Jan 09, 2016 1:13 pm
Forum: Investing - Help with Personal Investments
Topic: Cash-on-the-sidelines thread
Replies: 39
Views: 4498

Re: Cash-on-the-sidelines thread

Speaking of bonds, what happen to all the bond fund armageddon threads? Wait for the third week of January. By that time you might see an 18 in the first two S&P numbers. Really? What's the significance of the third week of January? It comes after the second week, but before livesoft's fourth w...

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