Search found 611 matches

by plannerman
Sat Jan 21, 2017 3:28 pm
Forum: Investing - Theory, News & General
Topic: Vanguard 1099s available - Other companies just as good for sending 1099s???
Replies: 45
Views: 2954

Re: Vanguard 1099s available - Other companies just as good for sending 1099s???

Be advised that if you own the REIT index fund in a taxable account, it is not included in your 1099-DIV yet.

plannerman
by plannerman
Fri Jan 20, 2017 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Convincing spouse to sell losing investment
Replies: 57
Views: 4065

Re: Convincing spouse to sell losing investment

I have been through this, and what worked for me was to encourage the reluctant party to initially sell just a very small percentage of the position. Once the ice was broken it became easier and easier for them to part with the asset. Think baby steps.

plannerman
by plannerman
Tue Jan 17, 2017 7:27 am
Forum: Personal Finance (Not Investing)
Topic: Inheritance and Trusts
Replies: 6
Views: 866

Re: Inheritance and Trusts

I am in the process of setting up a will. Details on me Self: 32, Wife: 29 State: GA Children: son, 16 months Currently, all my retirement, IRA, taxable, and life insurance have beneficiary as my wife and secondary as my son. In my will, I am looking to do two things. First, if something happens to...
by plannerman
Wed Jan 11, 2017 6:20 am
Forum: Investing - Theory, News & General
Topic: "Yield surge: Remember the real role of bonds"
Replies: 50
Views: 5971

Re: "Yield surge: Remember the real role of bonds"

Kevin, Thanks for your analysis on this. I, for one, found it very illuminating. I'm retired and do liability matching out to about 10-years. Looking at these historical negative real returns for Treasury bills and notes, really drives home the importance of usings TIPs, rather than nominal FI secur...
by plannerman
Sun Jan 08, 2017 4:52 pm
Forum: Investing - Theory, News & General
Topic: "Yield surge: Remember the real role of bonds"
Replies: 50
Views: 5971

Re: "Yield surge: Remember the real role of bonds"

These gains look impressive, but isn't it necessary to deflate to reflect inflation, which is probably what would cause rates to change so dramatically? +1 Nisi, how about ploting this in real dollars? plannerman Not Nisi, and no plot, but using the data from our backtesting spreadsheet, the worst ...
by plannerman
Sun Jan 08, 2017 9:36 am
Forum: Investing - Theory, News & General
Topic: The Argument for More Stocks in Retirement
Replies: 166
Views: 12344

Re: The Argument for More Stocks in Retirement

I suggest everyone interested in this topic take the time to watch the interview with Gene Fama referenced in this post.
viewtopic.php?f=10&t=207562
See what a Noble laureate says on the subject.

plannerman
by plannerman
Sun Jan 08, 2017 9:18 am
Forum: Investing - Theory, News & General
Topic: "Yield surge: Remember the real role of bonds"
Replies: 50
Views: 5971

Re: "Yield surge: Remember the real role of bonds"

frugalecon wrote:
nisiprius wrote:
RAchip wrote:
These gains look impressive, but isn't it necessary to deflate to reflect inflation, which is probably what would cause rates to change so dramatically?


+1 Nisi, how about ploting this in real dollars?

plannerman
by plannerman
Sat Jan 07, 2017 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: How many $ to self fund long term care?
Replies: 73
Views: 4971

Re: How many $ to self fund long term care?

I was curious about the Boglehead community and what number the "self funders" are plannng to put aside for their possible long term care. I'd like to comment on a totally different approach to this issue. I am not suggesting you should do it, but it is an alternative you may not have con...
by plannerman
Sat Jan 07, 2017 10:49 am
Forum: Investing - Theory, News & General
Topic: Fama interview
Replies: 3
Views: 883

Re: Fama interview

Absolutely fascinating!
by plannerman
Thu Jan 05, 2017 7:31 am
Forum: Personal Finance (Not Investing)
Topic: Establishing an irrevocable trust
Replies: 2
Views: 426

Re: Establishing an irrevocable trust

I'm familiar with 529 plans and have already set this up for our kids and super-funded them and I'm now trying to understand more about how to go about establishing Crummey Trusts and if makes sense or is not worth the hassle. 1) My key question is if the trustee needs to be someone other than a pa...
by plannerman
Mon Jan 02, 2017 10:15 am
Forum: Investing - Theory, News & General
Topic: Vanguard Incorrectly Reporting TIPs Performance
Replies: 0
Views: 231

Vanguard Incorrectly Reporting TIPs Performance

As those of you owning individual TIPs may recall, last January Vanguard incorrectly calculated the interest payments and individual bond inflation adjusted values. They went through a series of corrections that I have yet to completely figure out. This weekend I was trying to rationalize why Vangua...
by plannerman
Fri Dec 30, 2016 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Question about trusts & estate
Replies: 40
Views: 3430

Re: Question about trusts & estate

If I understand what's going on here, all your father's assets will go to your mother rather than being in a trust with you (and your wife if you predecease her) as the beneficiaries. Have you considered the possibility that your mother remarries and then decides to leave everything to her new secon...
by plannerman
Fri Dec 30, 2016 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard inherited annuity -- pay tax for it in 2016 or 2017
Replies: 8
Views: 559

Re: Vanguard inherited annuity -- pay tax for it in 2016 or 2017

You might want to google "Constructive Receipt doctrine"

plannerman
by plannerman
Thu Dec 29, 2016 11:38 am
Forum: Investing - Theory, News & General
Topic: 100% TIPS and 0% in Nominal Bonds?
Replies: 168
Views: 8683

Re: 100% TIPS and 0% in Nominal Bonds?

So where did you get the money to buy more TIPS? I was buying equities with whatever money I could scrounge. There was nothing left to buy TIPS at firesale prices. I was also buying equities at that time. I liquidated my allocation to HY and foreign bonds and cut my allocated to corporate bonds in ...
by plannerman
Thu Dec 29, 2016 8:44 am
Forum: Investing - Theory, News & General
Topic: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager
Replies: 187
Views: 18555

Re: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager

Dear jcraz13, You asked: For those of you advocating a higher percentage in stocks in retirement, what say you? First of all, as an advocate of a high-equity allocation in retirement, I would say to you what I said to Mr Larimore: Of course, one need never take *unnecessary* risk in retirement! …by...
by plannerman
Thu Dec 29, 2016 8:14 am
Forum: Investing - Theory, News & General
Topic: 100% TIPS and 0% in Nominal Bonds?
Replies: 168
Views: 8683

Re: 100% TIPS and 0% in Nominal Bonds?

Also TIPS did not hold value in the financial crisis. This has been attributed to Lehman Brothers. Do you have liquidity concerns in terms of TIPS? YES Our Treasury ladder was 100% TIPS in spring of '08. Our 100% perfectly safe, governmentt backed, inflation protected asset lost some 20% which we h...
by plannerman
Fri Dec 23, 2016 12:44 pm
Forum: Investing - Theory, News & General
Topic: Financial Independence is not the Holy Grail
Replies: 85
Views: 9015

Re: Financial Independence is not the Holy Grail

As one who achieved financial independence several years ago, my experience has been while It may not be the Holy Grail, it's pretty close. I was also working 60 hours a week, on the hook every month for results, doing more with less , and, as a result, sitting at my desk having chest pains. Financi...
by plannerman
Sun Dec 18, 2016 2:19 pm
Forum: Personal Consumer Issues
Topic: Snowblower: lubricating discharge chute?
Replies: 20
Views: 2123

Re: Snowblower: lubricating discharge chute?

I used silicone spray back in the day.

plannerman
by plannerman
Sun Dec 18, 2016 1:57 pm
Forum: Investing - Theory, News & General
Topic: The Argument for More Stocks in Retirement
Replies: 166
Views: 12344

Re: The Argument for More Stocks in Retirement

You might want to save yourself some time and effort and read Bill Bengen's seminal work "Conserving Portfolios During Retirement". While he found stock heavy portfolios delivered the highest SWR rates, he also found that historically the "best" asset allocation depended on both ...
by plannerman
Thu Dec 08, 2016 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Where are the mortality credits?
Replies: 1
Views: 260

Where are the mortality credits?

I have been looking into buying a Qualified Longevity Annuity Contract (QLAC), primarily as a way to lower future RMDs. I would, however, also like to make sure I’m not doing something really stupid simply to postpone RMDs hoping it will reduce our current income enough to avoid avoid a Medicare IRM...
by plannerman
Sun Dec 04, 2016 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Informal probate in Massachusetts was easy
Replies: 12
Views: 1292

Re: Informal probate in Massachusetts was easy

Wow! What an improvement.

plannerman
by plannerman
Sun Dec 04, 2016 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Informal probate in Massachusetts was easy
Replies: 12
Views: 1292

Re: Informal probate in Massachusetts was easy

Are you done with the probate court? It sounds to me like all you did was get letters testamentary and will still have to go back to the court for approval after you have settled everything.

plannerman
by plannerman
Fri Dec 02, 2016 6:49 am
Forum: Personal Finance (Not Investing)
Topic: QLAC - Determining long term benefit, pros & cons, tax consequences
Replies: 6
Views: 548

Re: QLAC - Determining long term benefit, pros & cons, tax consequences

Here's a personal example a long term benefit afforded by a QLAC you may want to consider. If I don't do anything, and the market doesn't move much in the next 30 days, we are going to exceed the next IRMAA break point this year by just a couple of thousand dollars. That will increase our Medicare p...
by plannerman
Wed Nov 30, 2016 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Last day for solo 401k contribution?
Replies: 10
Views: 756

Re: Last day for solo 401k contribution?

I have read that a sole proprietor "must formally elect to make an employee deferral contribution by Dec. 31" How does one go about "formally electing"? It should be a signed and dated written election. The is no standard IRS form, many providers have a sample form, but you can ...
by plannerman
Wed Nov 30, 2016 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Last day for solo 401k contribution?
Replies: 10
Views: 756

Re: Last day for solo 401k contribution?

I have read that a sole proprietor "must formally elect to make an employee deferral contribution by Dec. 31"
How does one go about "formally electing"?

plannerman
by plannerman
Wed Nov 30, 2016 6:40 am
Forum: Personal Finance (Not Investing)
Topic: Trust with a spendthrift heir
Replies: 18
Views: 2478

Re: Trust with a spendthrift heir

We have two kids--one good with money, the other not so much. All assets of the first to die are left to surviving spouse. Upon the death of the second, any remaining assets are split 50-50. Assets going to the child good with money are bequeathed outright, to the one not so good with money, left in...
by plannerman
Sun Nov 20, 2016 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Resetting Cost Basis on Gold Coins
Replies: 4
Views: 710

Re: Resetting Cost Basis on Gold Coins

You know the coins were purchased some time after they are dated--but you don't know when. You can also look up the historical price of gold. Use the lowest price of gold after the coin is dated as the basis. For example, suppose one of the coins contains one ounce of gold and is dated 1985. The low...
by plannerman
Sat Nov 12, 2016 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Executor - estate issue
Replies: 14
Views: 1516

Re: Executor - estate issue

She should have a letter of testamentary, or a letter of administration or similar authority from her local probate court appointing her as the executor of your fathers estate. I would think that would suffice.

plannerman
by plannerman
Sat Nov 12, 2016 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Turbo Tax 2016 purchase source
Replies: 86
Views: 10655

Re: Turbo Tax 2016 purchase source

Last year Turbo Tax caught me off guard by charging an additional $20 to electronically file my state return. Seems when they include state returns in the deal they should list if there will be an additional fee to file it electronically. It's a small mater to print and mail in a state return. I'll...
by plannerman
Sat Nov 12, 2016 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Turbo Tax 2016 purchase source
Replies: 86
Views: 10655

Re: Turbo Tax 2016 purchase source

FWIW, Fidelity has a "up to $20 off" deal direct from TurboTax and you don't have the have a Fidelity account. https://www.fidelity.com/taxes/turbotax ... t/overview
by plannerman
Fri Nov 11, 2016 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Required Minimum Distribution
Replies: 6
Views: 1028

Re: Required Minimum Distribution

If you don't need the money, you may not need to sell anything. Depending on your broker, you may be able to take a distribution "in kind" which simply means you transfer the appropriate number of shares out of the IRA accounts into a taxable accounts. This will be a taxable transaction ho...
by plannerman
Fri Nov 11, 2016 7:49 am
Forum: Personal Finance (Not Investing)
Topic: John Hancock discontinues LTC insurance sales
Replies: 45
Views: 4342

Re: John Hancock discontinues LTC insurance sales

Another one bites the dust....thought some people here may be interested to know about this. Received as an email so can't provide a link, but here's the letter: ...Please note that the decision to discontinue new sales does not impact our inforce LTC insurance business. We will continue to honor o...
by plannerman
Thu Nov 10, 2016 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: Home shopping, Potential roof leaking despite new roof
Replies: 22
Views: 1362

Re: Home shopping, Potential roof leaking despite new roof

I just had a new roof put on our house--one with a 50-year guarantee. We had a leak with the first hard rain. I called the roofing contractor and he refused to come back and fix the leak. So I had little choice but to hire another roofer to repair it. So my take is the guarantee isn't worth the pape...
by plannerman
Fri Oct 21, 2016 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion Target - Time to Break Even
Replies: 25
Views: 2546

Re: Roth Conversion Target - Time to Break Even

When deciding how much to convert to a Roth IRA prior to starting RMDs, you also need to consider the other implications, besides tax rates, of a higher AGI when RMDs kick in. Many other things depend on AGI including the taxable amount of Social Security, itemized deduction phase outs, Income-Relat...
by plannerman
Fri Oct 21, 2016 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Medicaid or Obamacare
Replies: 21
Views: 2151

Re: Medicaid or Obamacare

Isn't Medicaid means tested as well as income tested?

plannerman
by plannerman
Thu Oct 20, 2016 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Part D pricing
Replies: 2
Views: 443

Medicare Part D pricing

Well it's that time of year again, and I just went through the process of picking a Part D plan for next year. I am astounded at the out-of-pocket cost differences among the various plans. In my case, for the specific drugs I expect to take, OOP costs ranged from a low of about $2,200 to a high of $...
by plannerman
Fri Oct 07, 2016 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Trust-- disagree with CPA's Simple/Complex determination
Replies: 22
Views: 1731

Re: Trust-- disagree with CPA's Simple/Complex determination

I am the trustee of a trust for the benefit of a relative. The trust document requires that I distribute all the income at least annually. The sole beneficiary of the trust has requested a fixed annual distribution that is sometimes more than the trust income and sometimes less. I have discretion to...
by plannerman
Fri Oct 07, 2016 7:51 am
Forum: Personal Finance (Not Investing)
Topic: Drop BCBSM Medigap for Advantage?
Replies: 37
Views: 2727

Re: Drop BCBSM Medigap for Advantage?

I went the other way last January, I had had two different MA plans since starting on Medicare and liked them. Both allowed me to see any doctor who took Medicare. which was nice but not essential, since all my doctors were in network. They were considerably cheaper than Traditioal Medicare +Part D...
by plannerman
Thu Oct 06, 2016 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: Drop BCBSM Medigap for Advantage?
Replies: 37
Views: 2727

Re: Drop BCBSM Medigap for Advantage?

I went the other way last January, I had had two different MA plans since starting on Medicare and liked them. Both allowed me to see any doctor who took Medicare. which was nice but not essential, since all my doctors were in network. They were considerably cheaper than Traditioal Medicare +Part D...
by plannerman
Thu Oct 06, 2016 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Drop BCBSM Medigap for Advantage?
Replies: 37
Views: 2727

Re: Drop BCBSM Medigap for Advantage?

I went the other way last January, I had had two different MA plans since starting on Medicare and liked them. Both allowed me to see any doctor who took Medicare. which was nice but not essential, since all my doctors were in network. They were considerably cheaper than Traditioal Medicare +Part D ...
by plannerman
Wed Sep 28, 2016 11:30 am
Forum: Personal Consumer Issues
Topic: Has anyone had any experience using GE suport service
Replies: 6
Views: 375

Re: Has anyone had any experience using GE suport service

Our GE microwave died while still under warranty. GE came out and diagnosed the problem--a failed magnatron. It turns out the part was covered by the warranty but not the service call. They had to order the part and schedule a return visit. I could have bought a new microwave for the cost of the two...
by plannerman
Wed Sep 28, 2016 7:37 am
Forum: Personal Consumer Issues
Topic: Spouse concerned about buying luxury SUV
Replies: 66
Views: 8616

Re: Spouse concerned about buying luxury SUV

My wife loves her Lexus RX 350 and loved her previous 2004 RX 330, which was the best car we ever owned in terms of comfort and reliability. Our granddaughter is currently driving it, and it is still a pleasure to drive. In the "upscale" community we live in, the Lexus RX 350 is the vehicl...
by plannerman
Tue Sep 27, 2016 8:46 am
Forum: Personal Finance (Not Investing)
Topic: How it really feels to have investments during a bear market?
Replies: 74
Views: 6477

Re: How it really feels to have investments during a bear market?

It is apparently very scary, This forum has some of the smartest and most knowledgeable personal investors on the planet. But if you go back and read many of the posts as the market was dropping in 2008 you will find a lot of discussions about folks capitulating and going to " plan B". You...
by plannerman
Tue Sep 13, 2016 7:12 am
Forum: Personal Consumer Issues
Topic: 2016 Murano or 2016 Acura MDX
Replies: 36
Views: 3614

Re: 2016 Murano or 2016 Acura MDX

I like everything about my 2012 Murano except the CVT. It keeps the engine RPM so low it constantly groans. Moreover there is one particular interstate entrance ramp geometry where I think it is actually unsafe. I wouldn't buy another because of this which is a shame because everything else is fine....
by plannerman
Tue Sep 13, 2016 6:46 am
Forum: Personal Finance (Not Investing)
Topic: What shape is your net worth curve?
Replies: 45
Views: 6162

Re: What shape is your net worth curve?

I would say anyone who has anything resembling a straight line or smooth net worth curve either hasn't been investing very long or doesn't invest in the stock market.

plannerman
by plannerman
Thu Sep 08, 2016 8:07 am
Forum: Personal Consumer Issues
Topic: Secondary Market for Tools and Antique related Items
Replies: 9
Views: 801

Re: Secondary Market for Tools and Antique related Items

I am downsizing and am trying to get rid of a lifetime accumulation of hand and power tools. I also don't trust the folks who respond to Craig's List ads. I took several items to a tool auction and ended up only getting about $.15 on the dollar. So now I'm mostly just donating them Habitat for Human...
by plannerman
Mon Sep 05, 2016 7:06 am
Forum: Personal Finance (Not Investing)
Topic: Professional mid-life crisis
Replies: 28
Views: 4623

Re: Professional mid-life crisis

I could have written your post thirty some years ago. I think many, if not most, professionals go through what you are experiencing--that's why they call it a midlife crisis. I have no idea what you should do. But I sucked it up, bought a red T-top sports car, worked my a$$ off for 15 more years, re...
by plannerman
Fri Sep 02, 2016 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard PAS
Replies: 21
Views: 1623

Re: Vanguard PAS

clydewolf wrote:
plannerman wrote:The biggest plus to Vanguard's PAS is not that they will make you higher returns in good times, but rather they may keep you from doing something stupid in bad times.

plannerman

So where are we today, Good times or Bad Times??


Neither--these are great times

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