Search found 972 matches

by SeeMoe
Sat Jul 14, 2018 6:11 pm
Forum: Investing - Theory, News & General
Topic: Change in Flagship Rep Service ?
Replies: 21
Views: 2229

Re: Change in Flagship Rep Service ?

No, no problems here. The Representative even calls me wanting to discuss my folio and asks if I want a money manager to give me a tune-up. We have no complaints with the Flagship services and feel satisfied overall.

SeeMoe.. :mrgreen:
by SeeMoe
Sat Jul 14, 2018 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Using Vanguard’s advisors
Replies: 72
Views: 8532

Re: Using Vanguard’s advisors

A good service for the price, but I like a one time fee only analyst to look my folios over then submit a written “ how to” paper for my perusal . Then I can decide what needs changing and try to see how my personal biases interplay with the suggestions. Execution is the hard part, and an advisor wi...
by SeeMoe
Fri Jul 13, 2018 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: Take 5% of Folio age 75 Onward?
Replies: 13
Views: 1446

Re: Take 5% of Folio age 75 Onward?

Will you increase that 5% for inflation each year? Does social security or pension meet your basic expenses? Do you have a plan if you need long-term care? If the market crashes and you live to 105, what might things be like for you? Are you someone who will be able to adjust that 5% downward in re...
by SeeMoe
Fri Jul 13, 2018 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: Take 5% of Folio age 75 Onward?
Replies: 13
Views: 1446

Take 5% of Folio age 75 Onward?

I’m curious to know others thoughts regards taking more off the top with your retiree investments as one ages. 3% appears to be a wise decision when First retired in ones early 60’s onward to, say, 75 years of age. Then, if still in decent health with just a couple of chronic maladies that are manag...
by SeeMoe
Sun Jul 08, 2018 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Advisor for a Little Bit/One Quarter
Replies: 7
Views: 840

Re: Financial Advisor for a Little Bit/One Quarter

Go with a fee-only advisor - e.g., Garrett Planning Network, or use the Finance Buff's advisor scout service: https://adviceonlyfinancial.com/how-to-find-advice-only?utm_source=thefinancebuff.com&utm_medium=referral&utm_campaign=menu Thanks. Just what I’m looking for since Vanguard stopped this kin...
by SeeMoe
Tue Jul 03, 2018 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: How much should i expect to pay for car insurance?
Replies: 22
Views: 1263

Re: How much should i expect to pay for car insurance?

LIke everybody else says, we cant give you a number. It depends on: Your age Your gender Your marital status Your driving history The make /model of car How many miles you drive Whether you use the vehicle for business Where you live Where you work What coverage and limits you select What special d...
by SeeMoe
Sun Jul 01, 2018 6:19 pm
Forum: Investing - Theory, News & General
Topic: Yes, It’ll Happen - Jonathan Clements
Replies: 33
Views: 7062

Re: Yes, It’ll Happen - Jonathan Clements

It reemphasizes the value of a pension. For example if your pension is 40K a year it equivalent to withdrawing 4% on a 1 million dollar account. Agree. Some money managers suggest those with regular pension income calculate their total net worth this way, including any retiree benefits packages suc...
by SeeMoe
Fri Jun 29, 2018 3:53 pm
Forum: Investing - Theory, News & General
Topic: Yes, It’ll Happen - Jonathan Clements
Replies: 33
Views: 7062

Re: Yes, It’ll Happen - Jonathan Clements

It reemphasizes the value of a pension. For example if your pension is 40K a year it equivalent to withdrawing 4% on a 1 million dollar account. Agree. Some money managers suggest those with regular pension income calculate their total net worth this way, including any retiree benefits packages suc...
by SeeMoe
Wed Jun 27, 2018 5:09 pm
Forum: Investing - Theory, News & General
Topic: GE and the myth of "safe blue-chip stocks"
Replies: 140
Views: 20662

Re: GE and the myth of "safe blue-chip stocks"

I have some great GM bonds I can sell you. My infamous last words; "GM isn't going to go bankrupt." Remember the 1950’s slogan “ So goes General Motors, So goes the nation!” I do, and recall great railway companies such as Penn Central going bankrupt when trucks took over hauling freight. Or so Peo...
by SeeMoe
Tue Jun 26, 2018 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: CNBC: Social Security buying power has slipped by a third for retirees
Replies: 95
Views: 6969

Re: CNBC: Social Security buying power has slipped by a third for retirees

HAH! Another reason for delaying social security as long as possible -- less time for inflation to screw you! Now I would take exactly the opposite approach. Take SS at the first opportunity. Get your money before inflation erodes its value. That much ballyhooed 8% per year of delay loses a lot of ...
by SeeMoe
Sun Jun 24, 2018 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Retire at 50: Should I?
Replies: 93
Views: 12186

Re: Retire at 50: Should I?

We did at 53 and 54 years old , but with good pensions, medical and no bills! Took big foreign vacations for many years plus 5-6 weeks in S. Florida until recently as we got tired of it by 75. Still able to invest and watch the folio grow into Flagship status while moving from a country cottage on a...
by SeeMoe
Sat Jun 23, 2018 4:59 pm
Forum: Investing - Theory, News & General
Topic: Retiree do's and don't's in a rising rate environment by Christine Benz
Replies: 14
Views: 2874

Re: Retiree do's and don't's in a rising rate environment by Christine Benz

Just saw a Vanguard post suggesting the rule of 100 per age and bonds is still operational. I’m 75 and so , for safety, My folio AA should be 25/75. Instead it is about 45/55 and I include prime MM with the bonds. Everyone is different and in our case our pensions more than pay the bills for us, so ...
by SeeMoe
Wed Jun 20, 2018 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: Why pay cash for a car?
Replies: 248
Views: 30110

Re: Why pay cash for a car?

We have the funds so we always payoff the new cars. Everything else too! Don’t like giving others usery fees. We have one credit card and always payoff the monthly charges before the 30 day free period expires on the card.
SeeMoe.. :greedy
by SeeMoe
Tue Jun 19, 2018 3:10 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: What If Your Plan Fails?
Replies: 49
Views: 5005

Re: Larry Swedroe: What If Your Plan Fails?

Even though our pensions more than pay for our expenses and medical insurance, we still have a 45/55 retiree folio and 100% bonds in the TIRA accounts for the end of year RMD’s. The RMD’s and excess pension monies are reinvested in the taxable folio. But this year more is going into the Prime MM fun...
by SeeMoe
Sat Jun 16, 2018 12:49 pm
Forum: Investing - Help with Personal Investments
Topic: 24 years old starting my first rothIRA
Replies: 14
Views: 1161

Re: 24 years old starting my first rothIRA

I/we preferred the Traditional IRA during our working years for the significant tax savings allowing us to also invest in the tax deferred, as well, 457b plans where we both worked. Always had extra money for occasional big vacations and a new car every 3 years until we retired in our early 50’s on ...
by SeeMoe
Sun Jun 03, 2018 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: Leave Job (Philly) and move To Arizon (Phoenix)?
Replies: 67
Views: 5085

Re: Leave Job (Philly) and move To Arizon (Phoenix)?

We lived and worked and made our pensions grow exponentially in Philly, but never liked the city and the crime. Hot sticky summers and cold, snowy winters with little visible plowing on side streets. So we bought a cabin in the upstate mountains and spent as much time as possible in the cool mountai...
by SeeMoe
Sat Jun 02, 2018 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: UPDATE My Medigap Plan G went from 115 to 251
Replies: 33
Views: 3614

Re: My Medigap Plan G went from 115 to 251

Wonder what this Medigap G Plan would cost the 2 of us if we had to pay the premiums...Any suggestions? It depends where you live. If you live near MtnBiker, above, you each would pay $122 * 12 = $1,464. That is without a drug plan. In my California zip, around age 70, you would each pay about $192...
by SeeMoe
Fri Jun 01, 2018 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: UPDATE My Medigap Plan G went from 115 to 251
Replies: 33
Views: 3614

Re: My Medigap Plan G went from 115 to 251

Medigap is something we take for granted because my former employer pays the fees and it is a top notch plan so it must be a high letter around a Medigap G Plan. Plus we get good discounts on prescription medications that are not generic, which I prefer. Broke my L. Femur last year playing golf and ...
by SeeMoe
Sat May 26, 2018 6:12 pm
Forum: Investing - Theory, News & General
Topic: The "4% withdrawal rate"- would it apply to someone "retiring" in their 70s?
Replies: 54
Views: 4571

Re: The "4% withdrawal rate"- would it apply to someone "retiring" in their 70s?

I’m in my mid 70’s and the G.I. Doctor tells this will be your last colonoscopy at your age if it’s ok like the last one. The Urologist Doctor also says my latest PSA is ok , and not to worry about prostate concerns anymore. So , based on those facts of life, I see no reason not to go for the Olde 4...
by SeeMoe
Thu May 24, 2018 8:05 pm
Forum: Investing - Theory, News & General
Topic: Thoughts on Paul Merriman's Portfolio
Replies: 71
Views: 20772

Re: Thoughts on Paul Merriman's Portfolio

Paul is The Man with the investment plans! I’m good with it, but now have just 6 stock index funds in the taxable folio along with 3 tax exempt bond funds and a Prime MM that I am loading up on for @1.87% yield. Plus 4 bond funds in the T IRA. Works well and am averaging 6.7% annual return says Vang...
by SeeMoe
Sat May 19, 2018 11:00 am
Forum: Personal Finance (Not Investing)
Topic: The Executor's Duties
Replies: 13
Views: 1253

Re: The Executor's Duties

Since our lawyer is also the executor it makes no difference whom he pays first, does it now! We finally appointed the lawyer as the executor after several extended family members showed little knowledge or interest bring the executor , or began telling us how to spend our retirement monies on proje...
by SeeMoe
Fri May 18, 2018 4:52 pm
Forum: Investing - Theory, News & General
Topic: "Keep it Simple With Index Funds"
Replies: 8
Views: 1959

Re: "Keep it Simple With Index Funds"

We are indebted to Doctor Bogle for making very inexpensive Index Funds available to us over the years. Some of our bond funds are managed, but our total Vanguard portfolio(ER) expenses are an astonishing low 0.09%, Thanks to indexing! We’ve saved tens of thounds of dollars because of indexing, plus...
by SeeMoe
Sun May 13, 2018 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: Military Retirement Direct Depost hijacked?
Replies: 15
Views: 2132

Re: Military Retirement Direct Depost hijacked?

Heads up to retired military people -- While at my elderly Dad's yesterday, a letter came from the Dept of Veteran Affairs stating that his Direct Deposit Information had been changed. The letter was dated 5/4, and arrived 5/11. At this point, we consider this to likely be a hijacking, as he did no...
by SeeMoe
Sun May 13, 2018 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: When to claim Social Security: two reasons not to wait
Replies: 68
Views: 12054

Re: When to claim Social Security: two reasons not to wait

Personally I prefer to “take the SS bird in hand “ soon as possible and pay the additional taxes while investing the proceeds. That gives you about 7-8 years to accumulate wealth on just SS alone. Taking RMD’s on the TIRA at 70 1/2 means more taxable income, but I’m glad to pay the taxes while still...
by SeeMoe
Thu May 10, 2018 2:25 pm
Forum: Investing - Theory, News & General
Topic: Stock & Bond Market Forecast
Replies: 18
Views: 2418

Re: Stock & Bond Market Forecast

We are putting a lot of cash into our Prime MM fund now what with the rate at 1.84%! Gonna stay there for awhile and see what’s what with the markets. SeeMoe.. :dollar OK, but what does that have to do with this thread? Also, consider that with inflation over 2%, you are losing purchasing power at ...
by SeeMoe
Wed May 09, 2018 10:34 pm
Forum: Investing - Theory, News & General
Topic: Stock & Bond Market Forecast
Replies: 18
Views: 2418

Re: Stock & Bond Market Forecast

We are putting a lot of cash into our Prime MM fund now what with the rate at 1.84%! Gonna stay there for awhile and see what’s what with the markets.

SeeMoe.. :dollar
by SeeMoe
Wed May 09, 2018 7:57 pm
Forum: Investing - Theory, News & General
Topic: WSJ--Fidelity Employees Fired After Alleged Misuse of Reimbursement Programs
Replies: 32
Views: 4650

Re: WSJ--Fidelity Employees Fired After Alleged Misuse of Reimbursement Programs

Often wonder what the Vanguard CEO and staff earn? What their retirement packages look like, but it is private information far as I know. Bill McNabb was reported to have a $10M-15M salary. I'm sure most CEOs of the major brokerages and fund companies do well. Thanks for the Info. The Fidelity Reut...
by SeeMoe
Wed May 09, 2018 9:52 am
Forum: Investing - Theory, News & General
Topic: WSJ--Fidelity Employees Fired After Alleged Misuse of Reimbursement Programs
Replies: 32
Views: 4650

Re: WSJ--Fidelity Employees Fired After Alleged Misuse of Reimbursement Programs

There have been other disturbing articles regards Fidelity in the recent past. Recall Reuters News story about the Fidelity founder Mr. Johnson and family taking, skimming?, over $20 billions since it’s founding in the 1940’s. All legal, but suspect and guess who paid them those huge fees..? Plus t...
by SeeMoe
Tue May 08, 2018 6:13 pm
Forum: Investing - Theory, News & General
Topic: WSJ--Fidelity Employees Fired After Alleged Misuse of Reimbursement Programs
Replies: 32
Views: 4650

Re: WSJ--Fidelity Employees Fired After Alleged Misuse of Reimbursement Programs

There have been other disturbing articles regards Fidelity in the recent past. Recall Reuters News story about the Fidelity founder Mr. Johnson and family taking, skimming?, over $20 billions since it’s founding in the 1940’s. All legal, but suspect and guess who paid them those huge fees..? Plus t...
by SeeMoe
Tue May 08, 2018 6:07 pm
Forum: Investing - Theory, News & General
Topic: WSJ--Fidelity Employees Fired After Alleged Misuse of Reimbursement Programs
Replies: 32
Views: 4650

Re: WSJ--Fidelity Employees Fired After Alleged Misuse of Reimbursement Programs

There have been other disturbing articles regards Fidelity in the recent past. Recall Reuters News story about the Fidelity founder Mr. Johnson and family taking, skimming?, over $20 billions since it’s founding in the 1940’s. All legal, but suspect and guess who paid them those huge fees..? Plus t...
by SeeMoe
Mon May 07, 2018 10:12 pm
Forum: Investing - Theory, News & General
Topic: WSJ--Fidelity Employees Fired After Alleged Misuse of Reimbursement Programs
Replies: 32
Views: 4650

Re: WSJ--Fidelity Employees Fired After Alleged Misuse of Reimbursement Programs

This may say something about the culture at that place. My son worked at a place that had all those benefits... and no one seemed to have been doing such shenanigans there. Yes, like ethical behavior is required in a place where the public places their trust. If the employees are behaving in dishon...
by SeeMoe
Sun May 06, 2018 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: How to be a good executor to family
Replies: 44
Views: 3641

Re: How to be a good executor to family

We have had problems with family members whom , when asked, were appointed as our executors in our will. One just wanted out after awhile. Another began suggesting ways in which we could help his cousin out with some big number “donations.” Finally we asked the attorney if he would be the executor a...
by SeeMoe
Sun May 06, 2018 12:10 pm
Forum: Investing - Theory, News & General
Topic: Fees are higher than we think
Replies: 12
Views: 2401

Re: Fees are higher than we think

An occasional fund analysis done by a money manger for a set fee is mon$y well spent in my opinion. Even if nothing is done with the the analyst’s report. A set fee of , say, $500.00 Dollars isn’t that much vs a full time CFP taking his fee every quarter; indefinitely! Problem for me is trying to fi...
by SeeMoe
Sat May 05, 2018 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Score Question
Replies: 25
Views: 2089

Re: Credit Score Question

My bank account pays all of the bills month in and out and has our only credit card which is paid off before any interest charges kick in monthly. All direct deposit pensions go to this account and handles the Vanguard AIP investments. Never have any outstanding bills and keep between $10-$15 on han...
by SeeMoe
Sat May 05, 2018 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: Jonathan Clements "Where Money Grows Up"
Replies: 9
Views: 2072

Re: Jonathan Clements "Where Money Grows Up"

#20 was/is the hardest one for me, and it has cost me Big Time buying a cottage near a little stream that turned into a river during a hurricane.buying a time share on impulse. Buying a mutual fund because I liked the sound of its name. Weathering a down market and being so proud of it, but intuitio...
by SeeMoe
Fri May 04, 2018 12:39 pm
Forum: Investing - Theory, News & General
Topic: What are the questions you would ask a Financial Advisor ?
Replies: 59
Views: 4197

Re: What are the questions you would ask a Financial Advisor ?

We would simply ask the money manager for his schooling, credentials, and time in the business. Maybe a few client references. Then explain we only want a one time analysis done for a set fee. Plus his recommendations. If he agrees, then suggest you will be back for a full tune-up every , say, 5-10 ...
by SeeMoe
Tue May 01, 2018 3:56 pm
Forum: Investing - Theory, News & General
Topic: Everything You Need to Know on an Index Card
Replies: 33
Views: 4192

Re: Everything You Need to Know on an Index Card

During spare moments I sat in a police car and studied basic investing principles for long hours rereading parts over and over. Money magazines were of little help comprehending the basic principle of HOW TO DO IT? In the end I took my sergeants advice and went with a broker for several years until ...
by SeeMoe
Mon Apr 30, 2018 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: Yet another person wondering: keep long-term care insurance or not?
Replies: 29
Views: 2352

Re: Yet another person wondering: keep long-term care insurance or not?

$5k isn’t bad for LTC coverage for two. My brother in law has had LTC for more than 7 years when, in his late 60’s, he developed Parkinson’s which has accelerated significantly. The LTC has been more than a mere blessing for him and the family to date too...

SeeMoe.. :moneybag
by SeeMoe
Mon Apr 30, 2018 12:06 pm
Forum: Investing - Theory, News & General
Topic: Do people in the forum hold foreign bonds?
Replies: 69
Views: 6316

Re: Do people in the forum hold foreign bonds?

I hold no foreign bonds. Previous posters who don't have stated a number of objections to them that I agree with. But from the reading I've done on the subject, I simply don't see a strong case for them. I'm a 72 yo retiree with a target of 55%-60% fixed income and cash. Also a target of 25% of my ...
by SeeMoe
Sun Apr 29, 2018 3:17 pm
Forum: Investing - Theory, News & General
Topic: Barron's article: "No Volatility Here: Cash Makes a Comeback"
Replies: 6
Views: 1194

Re: Barron's article: "No Volatility Here: Cash Makes a Comeback"

We have the limited term tax exempt bond fund in the taxable folio, but , for now, we are letting short term monies build-up in the Prime MM fund because of the current 1.81% return. Our credit union MM, year in, year out, pays a steady, measily, 0.20% return. Keeping the retiree AA of 45/55 making ...
by SeeMoe
Thu Apr 26, 2018 10:30 pm
Forum: Investing - Theory, News & General
Topic: What happened to the Dow Jones between 1966-1982?
Replies: 72
Views: 4763

Re: What happened to the Dow Jones between 1966-1982?

Seems like rental property, in a college town, may be a better bet? Renters pay the mortgage, plus some, and the home value doubles in ten years (pretty reliably). I wouldn't say "better bet". I would say it is an alternative investment. But one that is also a part time job. Careful there! My frien...
by SeeMoe
Thu Apr 26, 2018 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Using Vanguard’s advisors
Replies: 72
Views: 8532

Re: Using Vanguard’s advisors

Time was Vanguard Group offered a one time for a fee portfolio analysis that was prepared by a team of their professionals. It was thoughtfully bound in an attractive binder and had lots and lots of information as to what I was doing(wrong) and their reasoning for the folios they had chosen. It up ...
by SeeMoe
Thu Apr 26, 2018 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Using Vanguard’s advisors
Replies: 72
Views: 8532

Re: Using Vanguard’s advisors

Time was Vanguard Group offered a one time for a fee portfolio analysis that was prepared by a team of their professionals. It was thoughtfully bound in an attractive binder and had lots and lots of information as to what I was doing(wrong) and their reasoning for the folios they had chosen. It up w...
by SeeMoe
Wed Apr 25, 2018 10:01 pm
Forum: Investing - Theory, News & General
Topic: I’m still not a fan of international bond funds
Replies: 173
Views: 15536

Re: I’m still not a fan of international bond funds

I’ve read here on B.H. That a retiree should own bonds from the country in which he is currently retired in....A prominent investment advisor made that statement as I recall. Forget which one though. But it makes sense to me and I exchanged all of our Vanguard International bond index funds for USA....
by SeeMoe
Tue Apr 24, 2018 7:33 pm
Forum: Personal Consumer Issues
Topic: Need to cut the cable cord - is there an alternative?
Replies: 42
Views: 3507

Re: Need to cut the cable cord - is there an alternative?

I like the convenience of COMCAST and the many services they offer, so we are hooked at about $210.00 per month. Have3 SONY tv’s. LV.Rm. Is the big boy at 65” with the latest connectors like HDMI HD+,Etc..spend about $4k per year on electronic services....

SeeMoe.. :o
by SeeMoe
Sun Apr 22, 2018 10:17 am
Forum: Personal Finance (Not Investing)
Topic: 3 years away from leaving military and buying home
Replies: 5
Views: 662

Re: 3 years away from leaving military and buying home

The military is begging citizens to join today’s volunteer force. Sounds like you have a secure, Be safe, kind of job in the Air Force, so why not just do 20 years and save to the Max in those tax deferred/exempt products? Go to school too on their dime and their time! Receive a gravy pension with f...
by SeeMoe
Sat Apr 21, 2018 10:10 am
Forum: Personal Finance (Not Investing)
Topic: “The Smell of Retiree Mon$y...”
Replies: 57
Views: 8720

Re: “The Smell of Retiree Mon$y...”

Never give to charity through your will unless you are not giving to any heirs. The charities will make your heir's life miserable and they have lots of lawyers to tie up the estate for a long long time. Give to the charity before you die. Vanguard Trust Services will manage our assets whenever we ...
by SeeMoe
Fri Apr 20, 2018 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: “The Smell of Retiree Mon$y...”
Replies: 57
Views: 8720

Re: “The Smell of Retiree Mon$y...”

:greedy Funny thing happened recently in that the wife received a call from the one we dropped and the caller says we have a little gift for you. When told they are not longer in the will, he said “ oh, that’s to bad, can’t give you the gift now.” Really hilarious.... Wait, is this a charity or som...
by SeeMoe
Fri Apr 20, 2018 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: How do I make sure IRS receives my manual tax return ?
Replies: 89
Views: 6506

Re: How do I make sure IRS receives my manual tax return ?

Funny thing about estimated payments is that you never get any receipt or any paperwork telling you how much you have already paid. What if you forgot about making the estimated payments or telling that to the person who is preparing your taxes from all the available paperwork? Will IRS correct the...
by SeeMoe
Fri Apr 20, 2018 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: How do I make sure IRS receives my manual tax return ?
Replies: 89
Views: 6506

Re: How do I make sure IRS receives my manual tax return ?

We avoid Electronic IRS filing since several hitches have occurred of late. We do file as early as possible and did so by mid February this year via standard mail. Same for the state taxes and we owed both and saw the cancelled checks as proof they received the funds...Early is the best time when th...