Search found 874 matches

by whaleknives
Mon Aug 29, 2016 6:00 pm
Forum: Personal Consumer Issues
Topic: My beloved Subaru just bit the dust...now what?
Replies: 22
Views: 1829

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: 1264

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: 1264

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: 1264

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: 1264

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: 1264

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: 1264

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: 748

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: 834

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: 1021

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: 1021

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: 39
Views: 3010

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: 1212

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: 2247

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: 2247

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: 2247

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: 1314

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: 1803

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: 1803

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: 1681

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: 1681

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: 1803

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: 2270

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: 1681

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: 145

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: 1803

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: 1803

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: 1803

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: 1803

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: 1803

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: 1902

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: 45
Views: 3434

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: 411

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: 694

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: 694

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.
by whaleknives
Mon Jul 25, 2016 10:05 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Help
Replies: 12
Views: 980

Re: Portfolio Help

Hi Whaleknives, What is the (1-0.14) used for when calculating the percentages? . . . (1-0.14)=0.86 is the % U.S. stocks, since 14% of your stock allocation is international. If (1-0.21)=0.79 is your % stocks, then 0.79x(1-0.14) is your % U.S. stocks, as a % of your total portfolio. It's all part o...
by whaleknives
Sun Jul 24, 2016 10:44 pm
Forum: Personal Finance (Not Investing)
Topic: Applying for Social Security while receiving a spousal benefit
Replies: 6
Views: 570

Re: Applying for Social Security while receiving a spousal benefit

Here's the SSA requirements for online application: "You can apply online for retirement benefits or benefits as a spouse if you: ⋅ are at least 61 years and 9 months old; ⋅ are not currently receiving benefits on your own Social Security record; ⋅  have not alread...
by whaleknives
Sun Jul 24, 2016 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: Applying for Social Security while receiving a spousal benefit
Replies: 6
Views: 570

Re: Applying for Social Security while receiving a spousal benefit

SSA actual recommends applying online, but they're shutting down for maintenance in 12 minutes. :D

You'll find some recommended wording to get full delayed retirement credits and avoid retroactive lump sums in the Wiki section Social Security application.
by whaleknives
Fri Jul 22, 2016 6:57 pm
Forum: Investing - Theory, News & General
Topic: U.S. Stock Market Increasingly Detached from U.S. Economy
Replies: 19
Views: 2469

Re: U.S. Stock Market Increasingly Detached from U.S. Economy

While the U.S. stock market is often considered a bellwether of the U.S. economy — and many investors concentrate their equity allocations on U.S. stocks specifically for exposure to the U.S. economy — it’s apparent there’s an increasing disconnect between U.S. companies and the domestic economy. ....
by whaleknives
Fri Jul 22, 2016 5:43 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Help
Replies: 12
Views: 980

Re: Portfolio Help

81% TISPX and 19% TISEX will come within 1-3% of the VG Total Stock Market in all style grids (see Approximating total stock market and Morningstar Instant X-Ray ). That gives you the diversified, low-cost, mostly index portfolio below, with 21% Bond/79% Stock and 14% International Stock. No need, a...
by whaleknives
Fri Jul 22, 2016 4:42 pm
Forum: Investing - Help with Personal Investments
Topic: 401(k) Contribution Help
Replies: 4
Views: 345

Re: 401k Contribution Help

The tickers would help pin down the fund holdings. But your asset allocation is subjective, and you'll have to tell us. Have you taken something like the Vanguard Investor Questionnaire? It considers investment objectives, experience, time horizon, risk tolerance, and financial situation.
by whaleknives
Fri Jul 22, 2016 9:55 am
Forum: Personal Consumer Issues
Topic: Trouble with M* Site this Morning???
Replies: 4
Views: 299

Re: Trouble with M* Site this Morning???

No delays or missing info here at 9:53 CDT.
by whaleknives
Mon Jul 18, 2016 10:56 am
Forum: Personal Consumer Issues
Topic: Electric Scooter?
Replies: 54
Views: 4125

Re: Electric Scooter?

acanthurus wrote:. . . Cool, I have a Specialized too! Rockhopper to be specific. It didn't impart any knowledge to me about ICE powered two-wheelers though. Perhaps yours is different.

No, I have to rely on a mechanical engineering degree for that. :D
by whaleknives
Mon Jul 18, 2016 10:48 am
Forum: Personal Consumer Issues
Topic: Electric Scooter?
Replies: 54
Views: 4125

Re: Electric Scooter?

acanthurus wrote:
whaleknives wrote:It's time to slowly reread the original post and reconsider your advice (emphasis added):

Serious question - what do you ride?

Image

Mine's a little older.
by whaleknives
Mon Jul 18, 2016 9:55 am
Forum: Personal Consumer Issues
Topic: Electric Scooter?
Replies: 54
Views: 4125

Re: Electric Scooter?

It's time to slowly reread the original post and reconsider your advice (emphasis added): My wife would like to get a scooter for our vacation home. We wouldn't be going far - just around town, to the beach, to shopping, etc. The local roads are not fast at all, so the scooters don't have trouble ke...
by whaleknives
Sun Jul 17, 2016 11:29 pm
Forum: Personal Consumer Issues
Topic: Electric Scooter?
Replies: 54
Views: 4125

Re: Electric Scooter?

TimeRunner wrote:The thread is kinda all over the map, but if I was looking at a small motorcycle, this one is pretty cool: https://www.kawasaki.com/Products/2017-Z125-PRO# . It's Kawasaki's answer to the Honda Grom.

Yes -- we've gone from a 49-cc scooter to a 125-cc motorcycle. :D
by whaleknives
Sun Jul 17, 2016 11:20 pm
Forum: Investing - Help with Personal Investments
Topic: Just got back from Europe...ready to sell my International...
Replies: 82
Views: 9566

Re: Just got back from Europe...ready to sell my International...

It's worth bookmarking the Callan periodic table in the Wiki to see how the highest ranking sectors change over time. The highest were MSCI Emerging Markets, as recently as 2012 and 2009, MSCI Emerging Markets and EAFE (developed Europe, Australasia and Far East), from 2005 to 2007, MSCI Emerging Ma...
by whaleknives
Sat Jul 16, 2016 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: How to save for retirement without 401K
Replies: 10
Views: 963

Re: How to save for retirement without 401K

uclalee wrote:. . . My initial thoughts are to contribute the max pre-tax to a traditional IRA over the first six months of the year. . .

Two IRA's, one for you and your wife.
by whaleknives
Fri Jul 15, 2016 4:55 pm
Forum: Investing - Theory, News & General
Topic: How do I approximate Total US Stock Market Index using...
Replies: 3
Views: 503

Re: How do I approximate Total US Stock Market Index using...

If this is a real life question, note that the performance of the total stock market is very well modeled by the S&P500 alone. You could just use that fund/etc and be done with it. If you feel the need to add mid and small caps, watch the fees. Many funds in this space charge so much that it wo...

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