Search found 888 matches

by whaleknives
Sat Sep 24, 2016 7:07 am
Forum: Investing - Theory, News & General
Topic: Should synthetic ETFs be avoided?
Replies: 33
Views: 1724

Re: Should synthetic ETFs be avoided?

Don't forget to sign up for the daily prospectus newsletter.
by whaleknives
Fri Sep 23, 2016 6:31 pm
Forum: Investing - Help with Personal Investments
Topic: New portfolio!
Replies: 6
Views: 336

Re: New portfolio!

Welcome, and congratulations on your careful reading of the Wiki. Two comments: ⋅ You have a 75/25 large cap/small cap split. Approximating total stock market shows 82/18 or 87/13, depending on whether you think the Institutional Index (VIIIX) is closer to the S&P 500 (VFINX) or Large ...
by whaleknives
Sat Sep 10, 2016 11:01 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security [iii]: Spouses [USA]
Replies: 13
Views: 1183

Re: Social Security [iii]: Spouses [USA]

. . . 1. will my spouse get both her own SS retirement benefit (from her own SS Tax history) PLUS spousal benefit (from my SS tax history)? No. If your spouse's benefit under her own earnings record is greater than half your Primary Insurance Amount (PIA) at Full Retirement Age (FRA), she will rece...
by whaleknives
Fri Sep 09, 2016 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Need help downloading Vanguard account. [Quicken download after convert to brokerage]
Replies: 1
Views: 164

Re: Need help downloading Vanguard account. [Quicken download after convert to brokerage]

I don't have a brokerage account, and no longer use Quicken, but I wonder if you've seen this Vanguard page: Technical FAQs—Downloading transactions to Quicken for Windows or Macintosh . It does address some changes from mutual fund to brokerage accounts. Also, you can try manually downloading a Qui...
by whaleknives
Thu Sep 08, 2016 8:03 pm
Forum: Investing - Help with Personal Investments
Topic: REITS and S&P
Replies: 2
Views: 357

Re: REITS and S&P

My reading is that S&P hasn't taken REITs out of the S&P 500 index, they've only moved them from a "Financials Sector" to a "Real Estate Sector" under the Global Industry Classification Standard (GICS®). The S&P 500 will still have REIT holdings. Some writers feel tha...
by whaleknives
Wed Sep 07, 2016 7:02 pm
Forum: Personal Consumer Issues
Topic: Why is it hard to find >3 year old cheddar nowadays?
Replies: 22
Views: 2599

Re: Why is it hard to find >3 year old cheddar nowadays?

I think it's the price. 10-year cheddar ($23/lb) can be more than twice as much as uncooked boneless ribeye steak ($9/lb). Of course, you don't have to cook it.
by whaleknives
Mon Sep 05, 2016 4:26 pm
Forum: Investing - Theory, News & General
Topic: How to model a reverse mortgage into early retirement simulations?
Replies: 12
Views: 1228

Re: How to model a reverse mortgage into early retirement simulations?

. . .A reverse mortgage is not a lifetime annuity. Are you positive? I thought the whole point of tenure payments, and a huge component of the appeal of that type of reverse mortgage, was the lifetime income. What I quoted above continues on for another sentence: ..."The payments only stop whe...
by whaleknives
Mon Sep 05, 2016 1:01 pm
Forum: Investing - Theory, News & General
Topic: How to model a reverse mortgage into early retirement simulations?
Replies: 12
Views: 1228

Re: How to model a reverse mortgage into early retirement simulations?

Where did "monthly income for life" come from? The second to last row of the table says that the monthly term is "Tenure." It says here: http://www.reversemortgage.org/About/Types-of-Reverse-Mortgages/HECM-Payment-Options that "Tenure Payment" "provides borrowers ...
by whaleknives
Sun Sep 04, 2016 10:07 pm
Forum: Investing - Theory, News & General
Topic: How to model a reverse mortgage into early retirement simulations?
Replies: 12
Views: 1228

Re: How to model a reverse mortgage into early retirement simulations?

Whaleknives, I think you're saying that if I were using the default inputs, I'd want to input either $690.99 or $727.33 as monthly income for life. Or, where I suspect that monthly tenure payments might not exist in the market by the time I'd get a reverse mortgage, that I'd instead want to input $...
by whaleknives
Sun Sep 04, 2016 4:29 pm
Forum: Investing - Help with Personal Investments
Topic: 401K (probably with high fees funds) or taxable account?
Replies: 15
Views: 899

Re: 401K (probably with high fees funds) or taxable account?

I would put all your 401(k) contributions into the Dryden S&P 500 Index Fund 0.62%, and hold your bonds in your two Roth IRAs.

Here's some more info on the Traditional versus Roth choice. Depending on what you decide, some 401(k)s offer Roth options.
by whaleknives
Sat Sep 03, 2016 8:25 pm
Forum: Personal Consumer Issues
Topic: The Big Short
Replies: 196
Views: 23805

Re: The Big Short

I finally got my library hold of The Big Short , and I think certain enablers have gotten off easy. Here's a copy of The Big Short script , and this is what I'm talking about: JARED ...when the market deems some bond too risky to buy, what do you think happens to it? We just warehouse them on our bo...
by whaleknives
Sat Sep 03, 2016 6:54 pm
Forum: Investing - Theory, News & General
Topic: How to model a reverse mortgage into early retirement simulations?
Replies: 12
Views: 1228

Re: How to model a reverse mortgage into early retirement simulations?

. . . I found the calculator that's been posted here before: http://www.reversemortgage.org/About/Reverse-Mortgage-Calculator. But I don't understand the output. I don't understand what each of the three columns is, and which of the numbers in them are the ones I'd put into the simulators. I also d...
by whaleknives
Fri Sep 02, 2016 5:35 pm
Forum: Investing - Theory, News & General
Topic: Calculating Future SS Benefits
Replies: 20
Views: 1119

Re: Calculating Future SS Benefits

. . . So, is there a quick and dirty method to interpolate the future SS estimates for me but retiring at 55 and not making anymore contributions between now and receiving my benefits 11-14 years from now? Take a look at Retirement Estimator in the Bogleheads Wiki and the Social Security website . ...
by whaleknives
Fri Sep 02, 2016 11:49 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio review
Replies: 6
Views: 779

Re: Portfolio review

Welcome. You'll get better responses if you can provide the information in Asking Portfolio Questions , especially all expense ratios and fund tickers. Just edit your original post. In the meantime, ⋅ The robo-advisors must be programmed to buy more funds. Have you used a tool like Morning...
by whaleknives
Mon Aug 29, 2016 6:00 pm
Forum: Personal Consumer Issues
Topic: My beloved Subaru just bit the dust...now what?
Replies: 27
Views: 2868

Re: My beloved Subaru just bit the dust...now what?

Another vote for another Subaru. My total car history has been a used Pontiac Tempest, a new Ford Pinto, a new VW Rabbit, a new Plymouth Voyager, a used Subaru Legacy, a used Mazda Protege, and a used 2008 Subaru Legacy (in spite of being low on the list for Takata airbag recalls).
by whaleknives
Thu Aug 25, 2016 6:36 pm
Forum: Investing - Theory, News & General
Topic: "Ten Strategies for using a Reverse Mortgage to help fund retirement"
Replies: 13
Views: 1343

Re: "Ten Strategies for using a Reverse Mortgage to help fund retirement"

. . . Let's do the math: Principal draw down = 0 Accumulated interest = 0 Servicing fee imbedded in the interest rate = 0 Annual MIP = 1.25% of annual loan balance = 0 Fees paid with loan draw= 0 I keep coming up with 0 loan balance. Of course, this assumes the homeowner pays the closing costs with...
by whaleknives
Thu Aug 25, 2016 5:45 pm
Forum: Investing - Theory, News & General
Topic: "Ten Strategies for using a Reverse Mortgage to help fund retirement"
Replies: 13
Views: 1343

Re: "Ten Strategies for using a Reverse Mortgage to help fund retirement"

SuzBanyan wrote:. . .The annual amount looks easy to calculate each year during the life of the mortgage without predicting the future.

One of the many unknowns that would make calculating the present value of future payments difficult is how long the owners would stay in the home.
by whaleknives
Thu Aug 25, 2016 5:41 pm
Forum: Investing - Theory, News & General
Topic: "Ten Strategies for using a Reverse Mortgage to help fund retirement"
Replies: 13
Views: 1343

Re: "Ten Strategies for using a Reverse Mortgage to help fund retirement"

. . . The subsequent annual premium is a percentage of the accumulated loan balance, so those will be zero if the LOC is never tapped. . . Here's what the Consumer Financial Protection Bureau said about annual costs in 2012: 2.6.2 ONGOING COSTS & FEES Ongoing costs and fees consist of the month...
by whaleknives
Thu Aug 25, 2016 4:52 pm
Forum: Investing - Theory, News & General
Topic: "Ten Strategies for using a Reverse Mortgage to help fund retirement"
Replies: 13
Views: 1343

Re: "Ten Strategies for using a Reverse Mortgage to help fund retirement"

. . . According to Wayne Pfau and mlebuf, as well as my own reading, it is not universally true that the initial premium compounds if you take only the line of credit and no initial payouts. Some lenders will write a contract in which you agree to a higher interest rate formula in exchange for lend...
by whaleknives
Thu Aug 25, 2016 3:47 pm
Forum: Investing - Theory, News & General
Topic: "Ten Strategies for using a Reverse Mortgage to help fund retirement"
Replies: 13
Views: 1343

Re: "Ten Strategies for using a Reverse Mortgage to help fund retirement"

Sorry, I still haven't seen an answer to the question: How is the annual FHA insurance premium paid? Doesn't this only apply to houses with less than 20% equity? Do you really think a home with little equity would qualify for an FHA loan? The Home Equity Conversion Mortgage (HECM) being discussed h...
by whaleknives
Wed Aug 24, 2016 8:04 pm
Forum: Investing - Theory, News & General
Topic: "Ten Strategies for using a Reverse Mortgage to help fund retirement"
Replies: 13
Views: 1343

Re: "Ten Strategies for using a Reverse Mortgage to help fund retirement"

Sorry, I still haven't seen an answer to the question: How is the annual FHA insurance premium paid?
by whaleknives
Sun Aug 21, 2016 4:22 pm
Forum: Investing - Help with Personal Investments
Topic: SS question on spousal benefit
Replies: 5
Views: 892

Re: SS question on spousal benefit

Here is a Social Security calculator for spouse's benefit, based on when she files, as ObliviousInvestor said.

Here is some info on the survivor benefit, which would change if your benefit was reduced.
by whaleknives
Tue Aug 16, 2016 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: SS payments at 70 when retiring at 65
Replies: 4
Views: 859

Re: SS payments at 70 when retiring at 65

You can use the Social Security Retirement Estimator to zero your future income and estimate your benefit. You can enter multiple ages to stop work with the "Add a New Estimate" button; future earnings will stop and benefits will start at that age. Benefit filing and stop-work ages cannot ...
by whaleknives
Tue Aug 16, 2016 12:40 pm
Forum: Personal Consumer Issues
Topic: Medicare Part D
Replies: 17
Views: 1110

Re: Medicare Part D

Ok, so what are "tiers"? I see that some drugs are in different tiers for different plans, although all are generic. And how in the world does one anticipate a drug that might be needed in the future? The drug out-of-pocket cost groups in the insurance plan, from lowest to highest. Here i...
by whaleknives
Tue Aug 16, 2016 12:03 pm
Forum: Personal Consumer Issues
Topic: Medicare Part D
Replies: 17
Views: 1110

Re: Medicare Part D

Look for the "monthly cost chart" link in Medicare.gov for each drug plan. It gives the monthly premiums and your drug costs, with descriptions such as "deductible", "initial coverage level" and "coverage gap". That might at least put a label on the different ...
by whaleknives
Tue Aug 16, 2016 10:08 am
Forum: Personal Consumer Issues
Topic: Gutters and gutter guards
Replies: 40
Views: 3385

Re: Gutters and gutter guards

I can enthusiastically recommend Englert LeafGuard gutters as being maintenance-free. My only concern in comparing systems was a Consumer Reports criticism predicting overflow in heavy rain, based on bench tests. My gutters have handled torrential downpours with no overflow. LeafGuard uses oversized...
by whaleknives
Tue Aug 16, 2016 9:27 am
Forum: Personal Consumer Issues
Topic: Editing shortcut emacs-like keys. Do u use them?
Replies: 26
Views: 1297

Re: Editing shortcut emacs-like keys. Do u use them?

It pre-dates not only programs like Visicalc and Wordstar, but operating systems like DOS and Apple. From Wikipedia Control key : On teletypewriters and early keyboards, holding down the Control key while pressing another key zeroed the leftmost two bits of the seven bits in the generated ASCII char...
by whaleknives
Mon Aug 08, 2016 7:21 pm
Forum: Investing - Theory, News & General
Topic: NYT: Zen and the Art of 401(k) Maintenance
Replies: 13
Views: 2311

Re: NYT: Zen and the Art of 401(k) Maintenance

. . . Behavioral economists evidently think you can quantify it, because the 2:1 ratio is commonly used . . . One way they measure loss aversion is by offering wagers. If someone just barely* accepts a 50-50 coin flip wager with $1000 win on heads and $500 loss on tails, they conclude that to that ...
by whaleknives
Mon Aug 08, 2016 4:39 pm
Forum: Investing - Theory, News & General
Topic: NYT: Zen and the Art of 401(k) Maintenance
Replies: 13
Views: 2311

Re: NYT: Zen and the Art of 401(k) Maintenance

. . . in case she actually said and believes, as quoted in the article, that “If you’re watching as the markets go down, you are twice as unhappy as you would be happy if they went up by the same amount,” then she's an idiot. Happiness is not numerically quantifiable, even if it makes her sound sop...
by whaleknives
Mon Aug 08, 2016 9:55 am
Forum: Investing - Theory, News & General
Topic: NYT: Zen and the Art of 401(k) Maintenance
Replies: 13
Views: 2311

Re: NYT: Zen and the Art of 401(k) Maintenance

Morningstar could not confirm the study, but said "Fidelity's 'study' rings true, whether it exists or not." ( Morningstar , John Rekenthaler, 10/06/2015). As frequently posted here: The Zombie Portfolio, Fidelity study identifies the most successful investors! , as discussed by Barry Rith...
by whaleknives
Sun Aug 07, 2016 5:17 pm
Forum: Personal Consumer Issues
Topic: Medigap Insurance
Replies: 14
Views: 1397

Re: Medigap Insurance

Some more info here: Medical spending in retirement.
by whaleknives
Mon Aug 01, 2016 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Self insure for LTC using Reverse Mortgage HECM?
Replies: 38
Views: 1909

Re: Self insure for LTC using Reverse Mortgage HECM?

I had that same question when I signed up. I asked the salesperson and Wade Pfau about it. I told them it seemed too good to be true but both assured me that no charges would accrue as long as I didn't borrow from the line of credit. That may not be true in all cases or for all HECM providers. If t...
by whaleknives
Sun Jul 31, 2016 11:15 pm
Forum: Personal Finance (Not Investing)
Topic: Self insure for LTC using Reverse Mortgage HECM?
Replies: 38
Views: 1909

Re: Self insure for LTC using Reverse Mortgage HECM?

For what it's worth, I am in the process of getting a reverse mortgage. We have no debt, two pensions, two Social Security incomes, a Vanguard Flagship account, LTC insurance and an expensive home that's paid for. After looking into the matter I opted for the HECM for two basic reasons: 1. My total...
by whaleknives
Sun Jul 31, 2016 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion advice
Replies: 19
Views: 1723

Re: Roth Conversion advice

ORP's introduction says "ORP's optimizer computes the maximum amount of money available for spending over the entire time span of retirement", ... You have to run the numbers through the year when your beneficiaries will have to take their last required distribution. . . And I don't think...
by whaleknives
Sun Jul 31, 2016 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion advice
Replies: 19
Views: 1723

Re: Roth Conversion advice

whaleknives wrote ORP's introduction says "ORP's optimizer computes the maximum amount of money available for spending over the entire time span of retirement", up to the annual maximum if you specify one. The Roth conversions it recommends for lower net worths run over a few years but no...
by whaleknives
Sun Jul 31, 2016 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Self insure for LTC using Reverse Mortgage HECM?
Replies: 38
Views: 1909

Re: Self insure for LTC using Reverse Mortgage HECM?

@SuzBanyan, I was reading this last night: Report to Congress on Reverse Mortgages , Consumer Financial Protection Bureau, June 28, 2012. Not all 231 pages worth, just skimming for nuggets. It has examples of different HECM cost scenarios, but not one for your case, where you create a line of credit...
by whaleknives
Sat Jul 30, 2016 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: When does the 5-year clock start on a second Roth?
Replies: 21
Views: 2349

Re: When does the 5-year clock start on a second Roth?

The Figure 2.1 flowchart in IRS Publication 590-B (2015), Distributions from Individual Retirement Arrangements (IRAs), says only this: "Has it been at least 5 years from the beginning of the year for which you first set up and contributed to a Roth IRA?"
by whaleknives
Sat Jul 30, 2016 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion advice
Replies: 19
Views: 1723

Re: Roth Conversion advice

ORP's introduction says "ORP's optimizer computes the maximum amount of money available for spending over the entire time span of retirement", up to the annual maximum if you specify one. The Roth conversions it recommends for lower net worths run over a few years but not your lifetime, a...
by whaleknives
Fri Jul 29, 2016 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: RM LOC vs Home Equity Line of Credit
Replies: 1
Views: 156

Re: RM LOC vs Home Equity Line of Credit

What is the difference between Reverse Mortgage Line of Credit, a home equity line of credit and a reverse mortgage? Some background: a home equity loan is a "second mortgage", a lump sum paid back with interest over a set time period, using the home as collateral. A home equity line of c...
by whaleknives
Fri Jul 29, 2016 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Self insure for LTC using Reverse Mortgage HECM?
Replies: 38
Views: 1909

Re: Self insure for LTC using Reverse Mortgage HECM?

. . . Got it! If a homeowner does not plan to draw on the HECM until years in the future, the better option would be to use a lender which includes the loan servicing fee in the mortgage interest rate. I believe this option is common, but have not personally verified it. I'm glad you do, but the mo...
by whaleknives
Fri Jul 29, 2016 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Self insure for LTC using Reverse Mortgage HECM?
Replies: 38
Views: 1909

Re: Self insure for LTC using Reverse Mortgage HECM?

. . .I'm not following you. Let's say I have a HECM with a line of credit of $330K and a current balance of $0. If I sell the home tomorrow, my net proceeds equal sales price minus closing costs minus $0 balance on my HECM. When you write that 'the lender is selling or investing the entire home val...
by whaleknives
Fri Jul 29, 2016 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Self insure for LTC using Reverse Mortgage HECM?
Replies: 38
Views: 1909

Re: Self insure for LTC using Reverse Mortgage HECM?

. . .There is no interest accruing until you actual use the HECM. If you pay the upfront closing costs from other assets, the balance remains 0 until you make a loan draw. There is never any interest payment, because the lender has included it in the mortgage fees. This is why only 50-70% of the ho...
by whaleknives
Fri Jul 29, 2016 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Self insure for LTC using Reverse Mortgage HECM?
Replies: 38
Views: 1909

Re: Self insure for LTC using Reverse Mortgage HECM?

I've never had an HECM, but I've looked into them for future planning, and I'm curious about your numbers. Are they based on a quote? The National Reverse Mortgage Lenders Association calculator ("for illustrative purposes only") gave me net loan limits ranging from 51% of home value for ...
by whaleknives
Fri Jul 29, 2016 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Self insure for LTC using Reverse Mortgage HECM?
Replies: 38
Views: 1909

Re: Self insure for LTC using Reverse Mortgage HECM?

I've never had an HECM, but I've looked into them for future planning, and I'm curious about your numbers. Are they based on a quote? The National Reverse Mortgage Lenders Association calculator ("for illustrative purposes only") gave me net loan limits ranging from 51% of home value for a...
by whaleknives
Fri Jul 29, 2016 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Calculators, which one ?
Replies: 19
Views: 1947

Re: Retirement Calculators, which one ?

I tried most calculators I came across before retirement, but finally used two routinely: ⋅ FIRECalc, for its use of historical data and modeling flexibility, and ⋅ Financial Engines, available free to Vanguard customers, for its Monte Carlo method, ability to aggregate account d...
by whaleknives
Thu Jul 28, 2016 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Convince me not to go to grad school
Replies: 50
Views: 4087

Re: Convince me not to go to grad school

What occupation? Respiratory therapist...Looking into physician assistant or anesthesiology assistant. You might want to explore the acceptance rate at any PA program you're considering; some programs have been more competitive than Med school. PA programs used to recommend making multiple applicat...
by whaleknives
Thu Jul 28, 2016 9:05 am
Forum: Investing - Help with Personal Investments
Topic: Need help with asset allocation within my first taxable Vanguard account
Replies: 11
Views: 451

Re: Need help with asset allocation within my first taxable Vanguard account

Large cap and international stock funds are excellent choices for a taxable account. See the Wiki's "Assigning asset classes to different accounts".

But treat treat all your accounts as one, meeting a single asset allocation and investment policy statement.
by whaleknives
Wed Jul 27, 2016 9:42 pm
Forum: Investing - Help with Personal Investments
Topic: ETF vs Mutual Fund
Replies: 6
Views: 732

Re: ETF vs Mutual Fund

livesoft wrote:Better to read the pros and cons in the wiki: https://www.bogleheads.org/wiki/ETFs_vs_mutual_funds. . .

Dang. In my defense, the "ETFs vs mutual funds" link was #21 on the 2nd page, and the "See Also" links are not shown in tables of contents.
by whaleknives
Wed Jul 27, 2016 6:04 pm
Forum: Investing - Help with Personal Investments
Topic: ETF vs Mutual Fund
Replies: 6
Views: 732

Re: ETF vs Mutual Fund

See Where is the big advantage in ETFs? (scroll down for livesoft's Pros & Cons) and other info on the Wiki page Exchange-traded fund.

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