Search found 1758 matches

by technovelist
Mon May 23, 2016 5:11 am
Forum: Personal Finance (Not Investing)
Topic: Buying Whole Life using your RMD
Replies: 28
Views: 2069

Re: Buying Whole Life using your RMD

I've heard some crazy reasons to buy life insurance but this is a new one on me!
by technovelist
Thu May 19, 2016 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Can someone explain to me how Term life is a better choice than WLI.
Replies: 69
Views: 5758

Re: Can someone explain to me how Term life is a better choice than WLI.

"Should I Buy Whole Life or Variable Universal Life? This is like asking, "Should I hit myself in the head with a hammer or a wrench?" Both choices are bad. Actually, if you buy VUL you will hit yourself in the head with a hammer and the wrench. Your chance of understanding your VUL ...
by technovelist
Mon May 16, 2016 8:47 pm
Forum: Investing - Theory, News & General
Topic: Another Bernstein Gem-Don't be Greedy
Replies: 42
Views: 7204

Re: Another Bernstein Gem-Don't be Greedy

another Peter Bernstein quote: Understanding that we do not know the future is such a simple statement, but it's so important. Investors do better where risk management is a conscious part of the process. Maximizing return is a strategy that makes sense only in very specific circumstances. In gener...
by technovelist
Mon May 16, 2016 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Can someone explain to me how Term life is a better choice than WLI.
Replies: 69
Views: 5758

Re: Can someone explain to me how Term life is a better choice than WLI.

"Should I Buy Whole Life or Variable Universal Life? This is like asking, "Should I hit myself in the head with a hammer or a wrench?" Both choices are bad. Actually, if you buy VUL you will hit yourself in the head with a hammer and the wrench. Your chance of understanding your VUL ...
by technovelist
Mon May 16, 2016 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: Can someone explain to me how Term life is a better choice than WLI.
Replies: 69
Views: 5758

Re: Can someone explain to me how Term life is a better choice than WLI.

Lots of more correct answers above but ask them how much they get paid as a sales commission if you take out WL and then as how much they get paid if you take out Term.... You think the insurance company pays them differently for no reason. The commissions are about the same as a percentage of the ...
by technovelist
Fri May 13, 2016 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Do all Boglesheads die at 100?
Replies: 51
Views: 5878

Re: Do all Boglesheads die at 100?

My mother is turning 90 this year and is still physically and mentally active, and a couple of her cousins are well into their 90's. My father lived into his 80's despite having been a heavy smoker in his early years. Then when I run an actuarial analysis based on the mortality rates implied by my r...
by technovelist
Fri May 13, 2016 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Can someone explain to me how Term life is a better choice than WLI.
Replies: 69
Views: 5758

Re: Can someone explain to me how Term life is a better choice than WLI.

I am about half way through a $2 million 20 term policy that will expire when I am 63. My agent (and friend) is suggesting that I convert $250k of it to whole life now as the option expires at the 10 year mark. I cannot think of any reason to agree to this. Based on this thread, I think you all agr...
by technovelist
Fri May 13, 2016 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Can someone explain to me how Term life is a better choice than WLI.
Replies: 69
Views: 5758

Re: Can someone explain to me how Term life is a better choice than WLI.

The problem seems to be that the high cost of whole life is used to hide extraordinarily high commissions. Since term is straight life insurance, with no investment features, companies compete on price. With whole life it is so difficult for most people to figure out what they are getting that they...
by technovelist
Fri May 13, 2016 9:34 am
Forum: Investing - Theory, News & General
Topic: Unexpected suspension of SS benefits
Replies: 8
Views: 1391

Re: Unexpected suspension of SS benefits

I appreciate your concern, but one reason I haven't called is that it's too late to request it officially and get in under the old rules. I have 60 days to appeal, and by then I should know whether I want to suspend; if my current project takes off, I won't need the SS money to live on, so there wil...
by technovelist
Thu May 12, 2016 10:51 pm
Forum: Investing - Theory, News & General
Topic: Unexpected suspension of SS benefits
Replies: 8
Views: 1391

Re: Unexpected suspension of SS benefits

In my experience, the SS department makes mistakes. You need to double check anything they tell you. Absolutely. I have checked by going on the ssa website, where it looks like they have suspended my benefit and have not changed my wife's. That's what I would expect if the letter is correct. And si...
by technovelist
Thu May 12, 2016 6:11 pm
Forum: Investing - Theory, News & General
Topic: Unexpected suspension of SS benefits
Replies: 8
Views: 1391

Re: Unexpected suspension of SS benefits

One change that went into effect is that if the primary SS person suspends his/her benefits, then claimnants leveraged on that are also suspended. This could happen if you claimed a spousal benefit and that spouse suspended to get DRCs... No, that wouldn't be it because I'm the spouse with the high...
by technovelist
Thu May 12, 2016 6:10 pm
Forum: Investing - Theory, News & General
Topic: Unexpected suspension of SS benefits
Replies: 8
Views: 1391

Re: Unexpected suspension of SS benefits

I have 60 days to appeal, and of course won't be on the street if/while it is suspended, so I'm not too worried about that. I'm also pretty sure that I didn't actually ask them to do this, although I might have discussed it on the phone with someone at SSA. I was mostly wondering whether this has ha...
by technovelist
Thu May 12, 2016 4:55 pm
Forum: Investing - Theory, News & General
Topic: Unexpected suspension of SS benefits
Replies: 8
Views: 1391

Unexpected suspension of SS benefits

I just got a letter from SSA saying "We have received your request to stop your benefits to earn special credits that will increase the benefits you will receive at age 70..." I know this "loophole" was going to be closed a few weeks ago and had thought about requesting the suspe...
by technovelist
Thu May 12, 2016 4:50 pm
Forum: Investing - Theory, News & General
Topic: Don't stay the course
Replies: 118
Views: 16392

Re: Don't stay the course

edge wrote:

Yes, I can see that most people have physiological issues that prevent them from doing this but if you can stomach it - it is worth it.



I've never tried to trade with my stomach. What am I missing? :oops:
by technovelist
Tue May 10, 2016 3:10 pm
Forum: Investing - Theory, News & General
Topic: Don't stay the course
Replies: 118
Views: 16392

Re: Don't stay the course

Most stock is owned by individuals in the highest tax brackets. With the current tax code, where dividends are taxed at your marginal rate and LTCG are fixed at less than the top federal rates, corporate boards are going to favor capital appreciation over dividends. Even at the same rate, capital a...
by technovelist
Tue May 10, 2016 12:06 pm
Forum: Investing - Theory, News & General
Topic: Don't stay the course
Replies: 118
Views: 16392

Re: Don't stay the course

Most stock is owned by individuals in the highest tax brackets. With the current tax code, where dividends are taxed at your marginal rate and LTCG are fixed at less than the top federal rates, corporate boards are going to favor capital appreciation over dividends. Even at the same rate, capital a...
by technovelist
Fri Apr 08, 2016 10:56 am
Forum: Personal Consumer Issues
Topic: American Airlines
Replies: 27
Views: 1947

Re: American Airlines

My experience with AA has been better than that, but we'll see if they have gotten worse in the past few months as I'm traveling to Philadelphia via AA in 10 days.
by technovelist
Fri Apr 08, 2016 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Getting the SSA to recalculate your benefit for ARF
Replies: 2
Views: 401

Getting the SSA to recalculate your benefit for ARF

Hi all, I have finally gotten the answer to my question about when the SSA will recalculate your benefit to account for the Adjusted Reduction Factor (ARF), which is how they increase your benefit if you have filed early but had benefits withheld due to earnings above the amount that you are allowed...
by technovelist
Fri Apr 08, 2016 10:42 am
Forum: Personal Consumer Issues
Topic: American Airlines
Replies: 27
Views: 1947

Re: American Airlines

In general, the best way to use AAdvantage miles is for overseas trips, including upgrades from coach to business. Of course they have just had a big devaluation for most uses, so your mileage may vary even more than usual.
by technovelist
Tue Mar 22, 2016 10:49 am
Forum: Personal Finance (Not Investing)
Topic: $1 Million+ Nest Egg From Less Than $100k Yearly Income
Replies: 45
Views: 8402

Re: $1 Million+ Nest Egg From Less Than $100k Yearly Income

I started at age 22.. Wife and I never made more then 80 to 90. At 1.8m now. Big factors. Live on a lot less then made. One thing that I think helped one house, one job and one wife. I'm 62 and left work at 55. I've had about 30 jobs, two houses, and two wives. Otherwise I would have made it a lot ...
by technovelist
Sun Mar 20, 2016 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: $1 Million+ Nest Egg From Less Than $100k Yearly Income
Replies: 45
Views: 8402

Re: $1 Million+ Nest Egg From Less Than $100k Yearly Income

Always saving. Relatively short periods of unemployment. Very low investment expenses (although not by the standards of some of the people here :beer). No paid investment advisors. High concentration on out-of-favor investments that have paid off. (Note: the last of these is not recommended for the ...
by technovelist
Sun Mar 20, 2016 1:04 pm
Forum: Investing - Theory, News & General
Topic: The Hulbert Financial Digest says goodbye
Replies: 15
Views: 2943

Re: The Hulbert Financial Digest says goodbye

Fortunately we now know that it is essentially impossible for a retail investor to beat the markets on average by following a newsletter (or following any other active investment method). Thus, there is no need for a newsletter about newsletters, since all it could meaningfully say is "Don't bo...
by technovelist
Sun Mar 20, 2016 1:00 pm
Forum: Investing - Help with Personal Investments
Topic: $519.000/59 yrs old divorced F recently unemployed vg portfolio
Replies: 6
Views: 1689

Re: $519.000/59 yrs old divorced F recently unemployed vg portfolio

I don't know if you have already investigated this but if you were harassed out of your job you may be eligible for unemployment even though you resigned.

Also, are you 59.5? If so, you can withdraw from the retirement account without the extra 10% penalty.
by technovelist
Sun Mar 20, 2016 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirees - What triggered you to retire?
Replies: 96
Views: 10477

Re: Early Retirees - What triggered you to retire?

Hmm, let's see. The first time I retired was in 2010, when it appeared I could either jump or be pushed, so I jumped. We had enough money to live on if we were careful, and I figured I was too old to be hired again, so would just make the best of it. I got hired again in 2012 as a result of a casual...
by technovelist
Sun Mar 20, 2016 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Strategies for significant capital gains
Replies: 10
Views: 1043

Re: Tax Strategies for significant capital gains

Or if you have plenty of money, could you donate some of the appreciated stock to charity?
by technovelist
Sun Mar 20, 2016 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Delayed Retirement Credits
Replies: 56
Views: 6426

Re: Social Security Delayed Retirement Credits

I still haven't received anything from SSA about my recalculation. I guess I'll have to call them tomorrow and see when it is going to happen.
by technovelist
Fri Feb 12, 2016 11:39 am
Forum: Investing - Theory, News & General
Topic: Yellen: "We're taking a look at negative interest rates."
Replies: 56
Views: 6926

Re: Yellen: "We're taking a look at negative interest rates."

Most banks do not even have the ability from a technology perspective to charge negative rates. Really? That could be fixed by the end of the day. Add a little time for testing and you're done. It's not like you'd have the frenzy over Y2K all over again. I doubt that it could be fixed "by the ...
by technovelist
Fri Feb 12, 2016 7:43 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 2901
Views: 622611

Re: U.S. stocks in freefall

Yeah, but ex-US dropping by a quarter, and US dropping by one sixth without any serious crisis causing it is frightening. This is only so far - it may get worse. Now, what happens when there is a real crisis of some sort? Inevitably there will be one at some point. It feels like markets could easil...
by technovelist
Thu Feb 11, 2016 6:08 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 2901
Views: 622611

Re: U.S. stocks in freefall

broadstone wrote:S&P on its way to 1600. I'm still 100% cash.


Only 100%? :beer
by technovelist
Thu Feb 11, 2016 6:07 pm
Forum: Investing - Theory, News & General
Topic: Are index funds a guaranteed return?
Replies: 42
Views: 3019

Re: Are index funds a guaranteed return?

If you want a guarantee, buy I Bonds. Currently, I Bonds yield 0.10% + inflation, as calculated by the CPI-U measure. I Bonds are backed by the US Treasury and are as close to risk-free as you're going to get. In addition, you won't lose money if there's deflation (unlike TIPS) since the interest r...
by technovelist
Thu Feb 11, 2016 9:02 am
Forum: Investing - Theory, News & General
Topic: Are index funds a guaranteed return?
Replies: 42
Views: 3019

Re: Are index funds a guaranteed return?

It depends on what you mean by "expect". Clearly there are no guarantees. However, it's hard to see why people would invest in equities unless they believed they would receive a favorable return or, at least, a favorable return was likely to be enough to overcome the risks. A lot of peopl...
by technovelist
Thu Feb 11, 2016 9:00 am
Forum: Investing - Theory, News & General
Topic: Are index funds a guaranteed return?
Replies: 42
Views: 3019

Re: Are index funds a guaranteed return?

Yes, you are guaranteed to get the return of the index minus expenses. :sharebeer
by technovelist
Thu Feb 11, 2016 8:46 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 2901
Views: 622611

Re: U.S. stocks in freefall

fortyofforty wrote:
flyingaway wrote:Has anyone seen blood on the street yet?


Not yet rivers of blood.


As Harry Browne once said, that quotation is incomplete.

Some people are looking for a trickle of blood, others wait until it is up to their ankles, and still others will want to check the blood type. :D
by technovelist
Thu Feb 11, 2016 8:39 am
Forum: Investing - Theory, News & General
Topic: William Bernstein's "If You Can" Portfolio
Replies: 42
Views: 6551

Re: William Bernstein's "If You Can" Portfolio

William Bernstein also had some nice things to say about the Harry Browne Permanent Portfolio.

Although he wasn't nearly as complimentary to people who jump into it when gold is doing well and jump out when it isn't. :oops:
by technovelist
Thu Feb 11, 2016 8:33 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Delayed Retirement Credits
Replies: 56
Views: 6426

Re: Social Security Delayed Retirement Credits

What would I do without Bogleheads? Until I read this column, the plan was for DH to file and suspend before April 2016 and then either: A. In February 2017, when I turn 66 and DH is 69.25, he takes his SS and I take spousal, or B. I take spousal in February 2017 at age 66 and he takes his SS in No...
by technovelist
Mon Feb 08, 2016 12:53 pm
Forum: Investing - Help with Personal Investments
Topic: Thank goodness for my precious metals
Replies: 63
Views: 3888

Re: Thank goodness for my precious metals

VA_Gent wrote:Which browser technovelist?

Not my IE or Chrome

Thanks


Firefox.
by technovelist
Mon Feb 08, 2016 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Delayed Retirement Credits
Replies: 56
Views: 6426

Re: Social Security Delayed Retirement Credits

I'll report back here when I have that information (for this year anyway). That would be great! Thank you. I just got off the phone with SSA. The person I talked to said that it would be processed when the "individual report of earnings" (I think I got the name right) is processed, but do...
by technovelist
Mon Feb 08, 2016 12:28 pm
Forum: Investing - Help with Personal Investments
Topic: Thank goodness for my precious metals
Replies: 63
Views: 3888

Re: Thank goodness for my precious metals

You need to have a small allocation in PM. No, I don't, or at least not beyond any exposure to the mining companies in the major market indexes. My diversification comes from owning thousands of stocks in the global markets through my holdings in VTI and VXUS/VEU; and from a 40% fixed income positi...
by technovelist
Mon Feb 08, 2016 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: Thank goodness for my precious metals
Replies: 63
Views: 3888

Re: Thank goodness for my precious metals

VA_Gent wrote:@Technovelist

Do you know who runs that site. It stopped working around the first of the year. It was the go to place for PP stats.


I just checked it and it worked fine for me.
by technovelist
Mon Feb 08, 2016 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: Thank goodness for my precious metals
Replies: 63
Views: 3888

Re: Thank goodness for my precious metals

bradshaw1965 wrote:7-10 year Treasuries seem to play a similar role in bear markets with the added bonus of much less volatility and an expected positive real return.


Not in inflationary bear markets, like in the 1970's.
by technovelist
Mon Feb 08, 2016 12:07 pm
Forum: Investing - Help with Personal Investments
Topic: Thank goodness for my precious metals
Replies: 63
Views: 3888

Re: Thank goodness for my precious metals

You need to have a small allocation in PM. No, I don't, or at least not beyond any exposure to the mining companies in the major market indexes. My diversification comes from owning thousands of stocks in the global markets through my holdings in VTI and VXUS/VEU; and from a 40% fixed income positi...
by technovelist
Mon Feb 08, 2016 12:01 pm
Forum: Investing - Help with Personal Investments
Topic: Thank goodness for my precious metals
Replies: 63
Views: 3888

Re: Thank goodness for my precious metals

PRPFX is a very poor representation of Harry Browne's preferred asset allocation (the Harry Browne Permanent Portfolio, or HBPP). It is way too tilted toward inflation and has high costs. The standard HBPP has 25% in cash, 25% in gold, 25% in long Treasurys, and 25% in stocks. That has done much be...
by technovelist
Mon Feb 08, 2016 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Delayed Retirement Credits
Replies: 56
Views: 6426

Re: Social Security Delayed Retirement Credits

I turned 66 (FRA) last year (2015), in April. I started taking SS in 2011, at age 62, because I was unemployed at the time. However, I got a job the next year and did not get any further SS payments until last year. SSA then took back the payments that I got for the first three months of 2015, beca...
by technovelist
Mon Feb 08, 2016 11:50 am
Forum: Investing - Help with Personal Investments
Topic: Thank goodness for my precious metals
Replies: 63
Views: 3888

Re: Thank goodness for my precious metals

Are you going to sell some of it now to use it to buy more stock? If not, it really isn't doing you any good. That is why I would be hesitant to hold PM, particularly in bullion form, as an investment. It would be really, really hard to get my sweaty palms to let that shiny metal go. :wink: Rebalan...
by technovelist
Mon Feb 08, 2016 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Delayed Retirement Credits
Replies: 56
Views: 6426

Re: Social Security Delayed Retirement Credits

I turned 66 (FRA) last year (2015), in April. I started taking SS in 2011, at age 62, because I was unemployed at the time. However, I got a job the next year and did not get any further SS payments until last year. SSA then took back the payments that I got for the first three months of 2015, beca...
by technovelist
Mon Feb 08, 2016 11:47 am
Forum: Investing - Help with Personal Investments
Topic: Thank goodness for my precious metals
Replies: 63
Views: 3888

Re: Thank goodness for my precious metals

PRPFX is a very poor representation of Harry Browne's preferred asset allocation (the Harry Browne Permanent Portfolio, or HBPP). It is way too tilted toward inflation and has high costs. The standard HBPP has 25% in cash, 25% in gold, 25% in long Treasurys, and 25% in stocks. That has done much bet...
by technovelist
Mon Feb 08, 2016 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Delayed Retirement Credits
Replies: 56
Views: 6426

Re: Social Security Delayed Retirement Credits

I turned 66 (FRA) last year (2015), in April. I started taking SS in 2011, at age 62, because I was unemployed at the time. However, I got a job the next year and did not get any further SS payments until last year. SSA then took back the payments that I got for the first three months of 2015, becau...
by technovelist
Mon Feb 08, 2016 11:12 am
Forum: Investing - Help with Personal Investments
Topic: Thank goodness for my precious metals
Replies: 63
Views: 3888

Re: Thank goodness for my precious metals

As is typical, the stock market's plunge proves fruitful for the precious metals market. I'm up close to a grand this morning on my modest PM investments. You need to have a small allocation in PM. This isn't taught on this board, but it should be. I've got about 5% of my networth in precious metal...

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