Search found 586 matches

by patriciamgr2
Thu Feb 04, 2016 3:30 pm
Forum: Personal Consumer Issues
Topic: Sibling's destination wedding?
Replies: 110
Views: 6028

Re: Sibling's destination wedding?

One suggestion I've made to friends planning expensive destination weddings is to host informal gatherings in bride & groom's hometown after the wedding. Tactfully, make it clear no gifts are expected. Low key: fellowship hall at place of worship or someone's back yard. Goal: share wedding photo...
by patriciamgr2
Thu Feb 04, 2016 12:53 pm
Forum: Personal Consumer Issues
Topic: Best Tips for Packing & Moving?
Replies: 14
Views: 1270

Re: Best Tips for Packing & Moving?

Great point on used boxes. I bug spray my liquor store finds & leave them out in the heat of the garage inside plastic. I've given in to bug phobia & chosen not to buy used boxes from unknown homes.
by patriciamgr2
Thu Feb 04, 2016 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: What age did you retire
Replies: 84
Views: 6407

Re: What age did you retire

In response to questions about a "buffer" for unexpected expenses in early retirement, I note the following. The more modest your basic living expenses are kept, the more flexibility there is in the budget to divert "fun" money to cover something unexpected. For example, I still ...
by patriciamgr2
Thu Feb 04, 2016 5:04 am
Forum: Personal Consumer Issues
Topic: Best Tips for Packing & Moving?
Replies: 14
Views: 1270

Re: Best Tips for Packing & Moving?

I move hanging clothes by placing groups of items on hangers inside large "contractor" heavy duty garbage bags. If you tie hangers together & place clothing in so the hangers are at the open end of bag, you can tape bag closed & then reuse bag after the move by just cutting off the...
by patriciamgr2
Thu Feb 04, 2016 2:25 am
Forum: Investing - Theory, News & General
Topic: Reporter doing story on expense drop when kids go off to college
Replies: 27
Views: 2508

Re: Reporter doing story on expense drop when kids go off to college

Is it possible she's looking for how the parents' costs at home dropped once kid away at uni?
by patriciamgr2
Wed Feb 03, 2016 11:44 pm
Forum: Investing - Help with Personal Investments
Topic: Muni bond ladder vs fund for large $$$$
Replies: 42
Views: 3132

Re: Muni bond ladder vs fund for large $$$$

The only point I feel strongly about is not paying up for a bank or wire house to manage individual bonds for you unless you're getting real service on sourcing bond supply, ongoing credit monitoring, managing calls & redemptions, and handling tax loss harvesting. Individual bonds vs. mutual fun...
by patriciamgr2
Wed Feb 03, 2016 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: What age did you retire
Replies: 84
Views: 6407

Re: What age did you retire

Professor Q: i retired in my 40's. No spouse, no inheritance, & other than employer options, no windfall. I had been super-saving while in a high-earning career. I also practiced living on much less before I retired. My expenses have been much lower than I projected except for health care premiu...
by patriciamgr2
Wed Feb 03, 2016 8:41 am
Forum: Personal Consumer Issues
Topic: Cost of home addition? Should I do it?
Replies: 44
Views: 2941

Re: Cost of home addition? Should I do it?

Letsgobobby: I gather you are in the planning stages of your remodel. It would be a service to the Forum if you & others planning remodels would undertake to update your posts after the reno is complete. Expectations vs. realities on all aspects including cost. Thanks in advance. There seems to ...
by patriciamgr2
Wed Feb 03, 2016 12:22 am
Forum: Personal Consumer Issues
Topic: Cost of home addition? Should I do it?
Replies: 44
Views: 2941

Re: Cost of home addition? Should I do it?

Any chance of using the basement space to create a master retreat--is the bathroom down there large enough? If you're ok with being apart from the children (big issue, I know) & you have a walk out or at least a full ceiling height basement, doing some upgrades down there is likely to be cheaper...
by patriciamgr2
Tue Feb 02, 2016 11:29 pm
Forum: Personal Finance (Not Investing)
Topic: What age did you retire
Replies: 84
Views: 6407

Re: What age did you retire

also, 42.
by patriciamgr2
Tue Feb 02, 2016 10:06 pm
Forum: Investing - Help with Personal Investments
Topic: Muni bond ladder vs fund for large $$$$
Replies: 42
Views: 3132

Re: Muni bond ladder vs fund for large $$$$

Underwood: just for the record, although I tried to answer the question you asked, I hope you also talk to someone about how to combat inflation. A bond ladder makes sense, IMO, to cover basic living expenses. But, I'd consider using the rest of the investment pool for investments which could protec...
by patriciamgr2
Tue Feb 02, 2016 9:44 pm
Forum: Investing - Help with Personal Investments
Topic: Muni bond ladder vs fund for large $$$$
Replies: 42
Views: 3132

Re: Muni bond ladder vs fund for large $$$$

If it's from me, skeptically would be the prudent choice! :D
by patriciamgr2
Tue Feb 02, 2016 2:39 pm
Forum: Investing - Help with Personal Investments
Topic: Muni bond ladder vs fund for large $$$$
Replies: 42
Views: 3132

Re: Muni bond ladder vs fund for large $$$$

How good of a CPA do you have? If your person will monitor tax loss harvesting opportunities--or if you're willing to do that yourself--you'll get less value added from a manager. While I like individual bonds, I personally would not pay up for a bank or wire house (eg MLynch) to manage my bond port...
by patriciamgr2
Sun Jan 31, 2016 3:22 pm
Forum: Investing - Help with Personal Investments
Topic: Muni bond ladder vs fund for large $$$$
Replies: 42
Views: 3132

Re: Muni bond ladder vs fund for large $$$$

The "perks" are not worth the fee. The only thing worth paying for is aggressive, knowledgeable risk management. Today's holdings aren't your grandpa's muni's. Even within a credit, different bonds have different risk profiles (eg GO's no longer as safe as some revenue bonds w/ an untoucha...
by patriciamgr2
Sun Jan 31, 2016 1:22 am
Forum: Personal Finance (Not Investing)
Topic: Important features of a Pre-Nup?
Replies: 9
Views: 1090

Re: Important features of a Pre-Nup?

Two issues I've seen arise in connection with some volunteer work I did in the past. 1. Determine whether spouse's assets will need to be used to support other spouse's long-term care costs. 2. If one spouse owns the home the couple lives in & hopes to pass it to his/her kids, be very specific a...
by patriciamgr2
Sun Jan 31, 2016 1:13 am
Forum: Investing - Help with Personal Investments
Topic: Downward trend over?
Replies: 46
Views: 4049

Re: Downward trend over?

Wasn't the recent upswing largely a reaction to Japan's negative interest rate announcement? I don't do market forecasts, but those who do claim this will be a moderate return year for equities with periodic volatility. That seems reasonable to me.
by patriciamgr2
Sun Jan 31, 2016 1:10 am
Forum: Investing - Help with Personal Investments
Topic: Under-estimated my risk tolerance
Replies: 25
Views: 3205

Re: Under-estimated my risk tolerance

When you assess risk tolerance, don't use percentages--use actual numbers. Assume that the various asset classes are correlated in a downturn. If (1) you & spouse can tolerate a $X loss followed by a possible long "sideways" market & (2) you've got a solid emergency fund in cash eq...
by patriciamgr2
Wed Jan 27, 2016 8:47 pm
Forum: Investing - Help with Personal Investments
Topic: Should Long Term Care Insurance be part of my portfolio ?
Replies: 38
Views: 2292

Re: Should Long Term Care Insurance be part of my portfolio ?

LittleOlMe: thanks for info. When the traditional LTCi (with unlimited years of coverage) policy becomes available in March, please consider posting a link to it. Many on the Forum have dismissed LTCi because of the cap on benefits; insurance IMO should cover the "tail risk" of negative ou...
by patriciamgr2
Wed Jan 27, 2016 3:45 pm
Forum: Personal Consumer Issues
Topic: Gmail Spam Explosion
Replies: 22
Views: 2122

Re: Gmail Spam Explosion

I've recently received a significant increase in "What's App" spam. I've yet to identify where I signed up to trigger all this. Because it all comes from different sources, blocking the sender isn't useful. Is using "filter messages like this" & listing What's App" as a ...
by patriciamgr2
Wed Jan 27, 2016 5:12 am
Forum: Local Chapters and Bogleheads Community
Topic: Happy Birthday Taylor!
Replies: 87
Views: 3693

Re: Happy Birthday Taylor!

Happy Belated Birthday !
by patriciamgr2
Tue Jan 26, 2016 9:48 pm
Forum: Investing - Help with Personal Investments
Topic: Should Long Term Care Insurance be part of my portfolio ?
Replies: 38
Views: 2292

Re: Should Long Term Care Insurance be part of my portfolio ?

LittleOlMe: What insurance company today is writing LTC policies that offer lifetime benefits? Is it only group plans? Are you referring to some sort of hybrid policy? A friend was just told by two different indep. agents that individual policies written today have caps on years of benefits--making ...
by patriciamgr2
Mon Jan 25, 2016 1:10 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Free Investments for the Disabled?
Replies: 11
Views: 758

Re: Tax Free Investments for the Disabled?

In general, if tax on bond interest is a concern, most investors will choose to invest in tax-exempt bonds (municipals or "muni"s) rather than increase their equity exposure. Bonds are intended to act as ballast for your portfolio, helping to stabilize it when equities are more volatile. I...
by patriciamgr2
Sun Jan 24, 2016 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: High income earners and retirement budget?.
Replies: 37
Views: 4272

Re: High income earners and retirement budget?.

Especially for people who are considering Early Retirement, I think it's useful for both spouses to go through a planning exercise. What you project won't be accurate, of course, because you need to be close to retirement to plan accurately. But doing the projection is important to identify drivers ...
by patriciamgr2
Tue Jan 19, 2016 10:47 pm
Forum: Investing - Theory, News & General
Topic: Is it time to raise cash?
Replies: 1
Views: 946

Re: Is it time to raise cash?

Thanks for the helpful reminder that Tactical Asset Allocation (or any other fancy name for what is, in essence, market timing) does not work. I appreciate you posting the article.
by patriciamgr2
Wed Jan 13, 2016 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on moving within same subdivision?
Replies: 30
Views: 2097

Re: Thoughts on moving within same subdivision?

On the question of connecting the living room to the bedroom: 1. Do NOT lose the bedroom. You can check with a realtor after you design a remodel, but in most states installing a larger door opening (eg pocket doors or huge double doors) to a bedroom doesn't change its status as long as the closet s...
by patriciamgr2
Tue Jan 12, 2016 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on moving within same subdivision?
Replies: 30
Views: 2097

Re: Thoughts on moving within same subdivision?

A few factors for you to consider: 1. In a hot market, an offer conditional on the sale of your home is unlikely to be accepted. Do townhomes sell quickly as well? Personally, I wouldn't want to own two homes in the same subdivision--just in terms of diversification. 2. The layout complaint seems ti...
by patriciamgr2
Sun Jan 10, 2016 6:58 pm
Forum: Personal Consumer Issues
Topic: Packing materials for moving
Replies: 13
Views: 840

Re: Packing materials for moving

I contact stores which receive liquor & wine shipments well in advance of the move & request that they save boxes. Then, I pick up sturdy cartons w/ built-in dividers for glasses for free. I have purchased Uline materials--on oversize items, the shipping is quite high; otherwise I was totall...
by patriciamgr2
Sat Jan 09, 2016 9:09 pm
Forum: Investing - Help with Personal Investments
Topic: I just lost $200,000 last week. Please help me.
Replies: 82
Views: 13896

Re: I just lost $200,000 last week. Please help me.

The information that you need part of these funds to invest in a new business within 5 years is extremely important. Most of us don't invest money we need in the medium term in the stock market at all. The muni and bond portfolio you started with might be an appropriate way to invest that portion of...
by patriciamgr2
Sat Jan 09, 2016 6:03 pm
Forum: Investing - Help with Personal Investments
Topic: I just lost $200,000 last week. Please help me.
Replies: 82
Views: 13896

Re: I just lost $200,000 last week. Please help me.

I echo other posters' comments with one caveat: we don't know your age or your need to take withdrawals from these investments for current spending requirements. If you post that info, the Forum can help you finalize an asset allocation. This may seem counter-intuitive, but your real mistake was mov...
by patriciamgr2
Sat Jan 09, 2016 5:05 pm
Forum: Personal Consumer Issues
Topic: The Japanese Art of Decluttering and Organizing (Book)
Replies: 86
Views: 10511

Re: The Japanese Art of Decluttering and Organizing (Book)

Mudpuppy: Other than the storing of folded clothes (folded into a tight bundle & then placed next to each other rather than in stacks, so you don't have to move shirts on top to get to the one you want--which I personally found left too many folds in my thinner T-shirts), there's not a huge amou...
by patriciamgr2
Sat Jan 09, 2016 2:43 pm
Forum: Investing - Help with Personal Investments
Topic: Surviving the Canyon between age 57 and SSN/Medicare
Replies: 5
Views: 1420

Re: Surviving the Canyon between age 57 and SSN/Medicare

this is one of the descriptions of a "bucket approach" to funding retiree withdrawals: http://www.morningstar.com/cover/videocenter.aspx?id=690198 Morningstar advocates 2 years in cash and the next period (an additional 3-8 years) in high-quality fixed income instruments, etc. Personally, ...
by patriciamgr2
Sat Jan 09, 2016 4:18 am
Forum: Investing - Help with Personal Investments
Topic: Surviving the Canyon between age 57 and SSN/Medicare
Replies: 5
Views: 1420

Re: Surviving the Canyon between age 57 and SSN/Medicare

You don't want your cash requirements for the next 3 years or so tied up in aggressive equity funds. Morningstar's Christine Benz has several articles on "bucket" approaches to cash management in retirement that might be useful. Cash needs (net of cash thrown off by your rentals, pension, ...
by patriciamgr2
Thu Jan 07, 2016 2:04 pm
Forum: Investing - Theory, News & General
Topic: Best book on Bonds
Replies: 21
Views: 1237

Re: Best book on Bonds

Doc wrote: The Only Guide to a Winning Bond Strategy You'll Ever Need Larry Swedroe & Joseph H. Hempen


+1. Larry Swedroe's "Only" guides are great.
by patriciamgr2
Thu Jan 07, 2016 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Cash Management Account--any real life experience you can share?
Replies: 16
Views: 1165

Re: Fidelity Cash Management Account--any real life experience you can share?

Thanks to each of you busy people for taking the time to provide specific feedback. It's really very helpful to me. Best Regards
by patriciamgr2
Thu Jan 07, 2016 2:22 am
Forum: Investing - Help with Personal Investments
Topic: Inheritance questions.
Replies: 20
Views: 1802

Re: Inheritance questions.

1. I am sorry for your loss--how long has it been since your grandfather passed away? Who is the executor of the estate? That firm/ individual should be able to give you a rough estimate of the size of the estate & the estate tax liabilities which will be due. There's no reason for you to be kep...
by patriciamgr2
Thu Jan 07, 2016 2:06 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Cash Management Account--any real life experience you can share?
Replies: 16
Views: 1165

Fidelity Cash Management Account--any real life experience you can share?

For any of you who have used Fidelity's CMA, what has been your experience? Any rants/raves about customer service you can share? Thanks
by patriciamgr2
Thu Dec 24, 2015 7:49 pm
Forum: Investing - Theory, News & General
Topic: Part 2 of the perfect storm post, how to increase EXPECTED returns
Replies: 118
Views: 9514

Re: Part 2 of the perfect storm post, how to increase EXPECTED returns

Thanks for the confirmation that you continue to prefer equity exposure unhedged, Larry. I have several of your "Only Guides " & have learned a great deal from them. Best Wishes & thanks for sharing your wisdom with this group.
by patriciamgr2
Thu Dec 24, 2015 6:55 pm
Forum: Investing - Theory, News & General
Topic: Part 2 of the perfect storm post, how to increase EXPECTED returns
Replies: 118
Views: 9514

Re: Part 2 of the perfect storm post, how to increase EXPECTED returns

Thanks, Larry Swedroe, for posting this interesting article. I plan to reread the series after the holiday rush. Has Larry addressed currency hedging in this context? Obviously, in their own currency, some foreign markets had positive results in 2015. Those results were masked for US investors by do...
by patriciamgr2
Sat Dec 19, 2015 5:26 pm
Forum: Personal Consumer Issues
Topic: Expensive med. test not covered by insurance
Replies: 81
Views: 7329

Re: Expensive med. test not covered by insurance

The original thread has been necro'd. I think Texashelp's situation (doc emphasized initial dose of pain medicine would be free & it appears doc's office sent specimen for testing) is different from OP. Perhaps EmergDoc or others could PM Texashelp with their thoughts: Is it mainstream practice ...
by patriciamgr2
Fri Dec 18, 2015 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Signing house over to wife?
Replies: 4
Views: 1134

Re: Signing house over to wife?

In addition to making sure he is no longer responsible for the mortgage or any existing liens, it's important to have a written agreement which removes him from any further spousal support or asset transfer responsibilities (if that is indeed their understanding). A guy I know quit-claimed his inter...
by patriciamgr2
Fri Dec 18, 2015 1:22 am
Forum: Personal Finance (Not Investing)
Topic: setting my retirement date - am I thinking of everything?
Replies: 14
Views: 1220

Re: setting my retirement date - am I thinking of everything?

in case you haven't already seen these threads: https://www.bogleheads.org/forum/viewtopic.php?f=2&t=126968 (although many responses focus on federal employee benefits,other suggestions may apply to you) and https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=2&...
by patriciamgr2
Tue Dec 08, 2015 12:34 am
Forum: Investing - Theory, News & General
Topic: Vanguard sued for [failing to charge market rates to and then paying taxes on services to its mutual funds]
Replies: 776
Views: 108137

Re: Vanguard sued for [failing to charge market rates to and then paying taxes on services to its mutual funds]

I'm not really familiar with Texas but I thought I read it was a franchise tax issue not an income tax issue. As far as Danon is concerned - different bait for different fish? :idea: While you are absolutely correct, Doc, that a state franchise tax is not the same as a corporate income tax, the &qu...
by patriciamgr2
Mon Dec 07, 2015 5:57 pm
Forum: Investing - Theory, News & General
Topic: Vanguard sued for [failing to charge market rates to and then paying taxes on services to its mutual funds]
Replies: 776
Views: 108137

Re: Vanguard sued for [failing to charge market rates to and then paying taxes on services to its mutual funds]

Hornet96: you stated that the Texas case was unrelated to Danon's transfer pricing allegations. Why then did Danon receive a whistleblower's award--or are you disputing that news report? If it's the same factual pattern & the same theory, the fact that the tax code sections aren't identical betw...
by patriciamgr2
Mon Dec 07, 2015 12:30 pm
Forum: Investing - Theory, News & General
Topic: Vanguard sued for [failing to charge market rates to and then paying taxes on services to its mutual funds]
Replies: 776
Views: 108137

Re: Vanguard sued for [failing to charge market rates to and then paying taxes on services to its mutual funds]

I haven't been able to find any amendments to Prospectuses or 8-K filings in EDGAR so far. [If anyone else has a link, please share that with us here. Similarly, if vanguard is providing information to RIAs, etc.--it would be great if they are able to share that with us as well.] Vanguard is issuing...
by patriciamgr2
Sun Dec 06, 2015 10:17 pm
Forum: Investing - Theory, News & General
Topic: Vanguard sued for [failing to charge market rates to and then paying taxes on services to its mutual funds]
Replies: 776
Views: 108137

Re: Vanguard sued for [failing to charge market rates to and then paying taxes on services to its mutual funds]

I haven't seen any analysis by M* as to the existence/adequacy of any reserves Vanguard may have to cover tax liability. I'm surprised they haven't issued a note on this. If anyone has found anything by M*, please post it here. I'd also be interested in any industry news about net asset outflows fro...
by patriciamgr2
Sun Dec 06, 2015 8:14 pm
Forum: Investing - Theory, News & General
Topic: Vanguard sued for [failing to charge market rates to and then paying taxes on services to its mutual funds]
Replies: 776
Views: 108137

Re: Vanguard sued for [failing to charge market rates to and then paying taxes on services to its mutual funds]

1. Of course, their lawyers would have to clear any disclosure. Publicly-held companies are required to disclose their assessments of financial exposure to litigation as part of SEC filings--so these type of statements are prepared & vetted routinely. Vanguard may not be subject to those SEC dis...
by patriciamgr2
Sun Dec 06, 2015 4:37 pm
Forum: Investing - Theory, News & General
Topic: Vanguard sued for [failing to charge market rates to and then paying taxes on services to its mutual funds]
Replies: 776
Views: 108137

Re: Vanguard sued for [failing to charge market rates to and then paying taxes on services to its mutual funds]

Why the **** hasn't Vanguard addressed these concerns? Once they start settling lawsuits, the issue is clearly significant to account holders. If the Texas settlement is an anomaly & won't serve as precedent for federal tax discussions, why can't that be disclosed?
by patriciamgr2
Fri Dec 04, 2015 11:51 am
Forum: Investing - Theory, News & General
Topic: Vanguard sued for [failing to charge market rates to and then paying taxes on services to its mutual funds]
Replies: 776
Views: 108137

Re: Vanguard sued for [failing to charge market rates to and then paying taxes on services to its mutual funds]

My earlier question: Does anyone on the site know if this issue has been addressed by Vanguard, any Vanguard alumni or Morningstar? Once a settlement is made, regardless of the dollar amount involved, I believe the situation changes dramatically. [Previously, I'd been ignoring this litigation.] I ha...
by patriciamgr2
Thu Dec 03, 2015 10:48 pm
Forum: Investing - Theory, News & General
Topic: Vanguard sued for [failing to charge market rates to and then paying taxes on services to its mutual funds]
Replies: 776
Views: 108137

Re: Vanguard sued for [failing to charge market rates to and then paying taxes on services to its mutual funds]

Has any current or former employee of Vanguard active on this Forum posted their analysis of the potential damages & if/how any damages would be paid by fund investors? [The comments here assume the settlement cost would be recouped through increased fees over time vs. VGI being able to assess a...

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