Search found 106 matches

by MrDogg
Thu Jan 25, 2018 4:41 pm
Forum: Local Chapters and Bogleheads Community
Topic: Happy Birthday, Taylor!
Replies: 84
Views: 4527

Re: Happy Birthday, Taylor!

Fair winds and following seas.
by MrDogg
Thu Jan 25, 2018 1:28 pm
Forum: Local Chapters and Bogleheads Community
Topic: South Florida Local Chapter
Replies: 301
Views: 53827

Re: South Florida Local Chapter

Thank you to all the organizers and presenters at the 2018 South Florida Boglehead Conference. As always, I met many interesting people and learned something new relating to investing. A special thanks to Taylor who through his posts has greatly enhanced my personal portfolio and a Happy Birthday wi...
by MrDogg
Mon Jan 01, 2018 4:39 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2159
Views: 1333542

Re: "My Favorite Mutual Fund"

Amazon has released the publishing date of my new book, "The Bogleheads' Guide to the Three-Fund Portfolio." It is available for pre-order now. All Royalties go directly to "The John C. Bogle Center for Financial Literacy" (a 501 (c)(3) public charity) so I feel free to make the announcement. I jus...
by MrDogg
Thu Dec 28, 2017 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Applying for new credit card when credit is frozen?
Replies: 17
Views: 1377

Re: Applying for new credit card when credit is frozen?

Contact the new credit card company and ask which credit reporting agencies they use. Then temporarily unfreeze just those. Sometimes it's just one so you can save a little time and effort.
by MrDogg
Wed Dec 27, 2017 4:03 pm
Forum: Investing - Help with Personal Investments
Topic: Is Roth IRA conversion easy with Vanguard?
Replies: 26
Views: 2494

Re: Is Roth IRA conversion easy with Vanguard?

If you are over 70.5 and taking RMDs you must take the RMD first then do the ROTH Conversion.
by MrDogg
Wed Dec 27, 2017 3:45 pm
Forum: Investing - Help with Personal Investments
Topic: Automatic RMDs to be effected by Vanguard
Replies: 23
Views: 2655

Re: Automatic RMDs to be effected by Vanguard

So the RMD service properly recognizes that the first distribution (conversion is a distribution) is applied to the RMD. However, completion of the rest of your RMD will take care of your RMD, but you also have an excess contribution to your Roth IRA that must be corrected. In the past there were t...
by MrDogg
Wed Dec 27, 2017 1:21 pm
Forum: Investing - Help with Personal Investments
Topic: Automatic RMDs to be effected by Vanguard
Replies: 23
Views: 2655

Re: Automatic RMDs to be effected by Vanguard

As the OP I want all to know that my issue will be resolved by Vanguard today 12-27. The purpose of this post is to make others aware of how I got into trouble so you can prevent it from happening to you. Here's what happened: earlier this year I converted some funds from my tIRA to my ROTH. This wa...
by MrDogg
Mon Dec 25, 2017 11:33 am
Forum: Personal Consumer Issues
Topic: Expedia Booking Problems ...
Replies: 11
Views: 1065

Re: Expedia Booking Problems ...

I too learned the hard way. Now I only book directly with the hotel. There is never a problem with reservations, pricing, or if you need to cancel and/or get a refund. I used to be lured by the gooblykooo points, special memberships, so called discounts, etc. It just isn't worth the hassle. Besides ...
by MrDogg
Mon Dec 25, 2017 10:29 am
Forum: Local Chapters and Bogleheads Community
Topic: My Christmas Present to You
Replies: 90
Views: 8972

Re: My Christmas Present to You

Taylor.

It's an honor to know you and to have benefited from your continued sage advise. Thank you. Merry Christmas and Happy New Year to you and yours.

Jack
by MrDogg
Mon Dec 25, 2017 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 886
Views: 55993

Re: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]

Does the new tax bill change the capital gains calculation on the sale of your personal residence? Under the old rules the first $250K ($500K if married filing jointly) of capital gains was excluded from tax and you could spend the money on anything (did not have to spend it on a new personal resid...
by MrDogg
Mon Dec 25, 2017 8:17 am
Forum: Investing - Help with Personal Investments
Topic: Automatic RMDs to be effected by Vanguard
Replies: 23
Views: 2655

Re: Automatic RMDs to be effected by Vanguard

Check your transaction tab to see if it shows it being sold. With this new brokerage setup, some things like take a couple of days to show up in your account since it has to go thru the settlement account first and that doesn't show up until the next business day. It's as if the funds are in limbo....
by MrDogg
Sun Dec 24, 2017 2:22 pm
Forum: Investing - Help with Personal Investments
Topic: Automatic RMDs to be effected by Vanguard
Replies: 23
Views: 2655

Re: Automatic RMDs to be effected by Vanguard

Big Dog wrote:
Sat Dec 23, 2017 11:54 pm
you should be able to go online and see the transaction pending.

I used the auto RMD service and it ran fine on yesterday, and should post on Tuesday.
I just checked the Vanguard website and it does show pending. Probably will get settled on the 26th.
by MrDogg
Sun Dec 24, 2017 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 886
Views: 55993

Re: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]

Does the new tax bill change the capital gains calculation on the sale of your personal residence? Under the old rules the first $250K ($500K if married filing jointly) of capital gains was excluded from tax and you could spend the money on anything (did not have to spend it on a new personal reside...
by MrDogg
Sat Dec 23, 2017 4:23 pm
Forum: Investing - Help with Personal Investments
Topic: Automatic RMDs to be effected by Vanguard
Replies: 23
Views: 2655

Re: Automatic RMDs to be effected by Vanguard

You could always cancel the instructions and go online and make the withdrawal yourself. Gill If it was scheduled for the 22nd it's a tad late to cancel. One other thing to consider is if OP has made a indirect rollover in the last twelve months. If he hasn't then if he accidentally makes two withd...
by MrDogg
Sat Dec 23, 2017 4:16 pm
Forum: Investing - Help with Personal Investments
Topic: Automatic RMDs to be effected by Vanguard
Replies: 23
Views: 2655

Re: Automatic RMDs to be effected by Vanguard

NotWhoYouThink wrote:
Sat Dec 23, 2017 4:11 pm
DH has an inherited IRA at Vanguard, and has the RMD automatically set for a date in August. The date he set is the date they sell the designated securities, the actual payment happens a couple (maybe 3) days later.
So maybe in my scenario there is a delay of a few days. I can live with that.
by MrDogg
Sat Dec 23, 2017 4:14 pm
Forum: Investing - Help with Personal Investments
Topic: Automatic RMDs to be effected by Vanguard
Replies: 23
Views: 2655

Re: Automatic RMDs to be effected by Vanguard

Gill wrote:
Sat Dec 23, 2017 4:06 pm
You could always cancel the instructions and go online and make the withdrawal yourself.
Gill
Good idea. This may be my default next week.
by MrDogg
Sat Dec 23, 2017 4:12 pm
Forum: Investing - Help with Personal Investments
Topic: Automatic RMDs to be effected by Vanguard
Replies: 23
Views: 2655

Re: Automatic RMDs to be effected by Vanguard

Is it possible that they execute the transaction at close of market, in which case the transaction confirmation is not complete until the next business day? Hope you don't experience any timing issues, but I think you would be wise to give yourself an extra week next year. You may be right about ex...
by MrDogg
Sat Dec 23, 2017 3:41 pm
Forum: Investing - Help with Personal Investments
Topic: Automatic RMDs to be effected by Vanguard
Replies: 23
Views: 2655

Automatic RMDs to be effected by Vanguard

Earlier this year I set up Automatic RMDs on the Vanguard website to occur on 12-22-2017 for both my tIRA and DW tIRA. As of today 12-23 this has not happened according to the site. I just sent Vanguard a message via their site and plan to call them on Tuesday 12-26 to find out why. Has anyone else ...
by MrDogg
Sat Dec 16, 2017 4:38 pm
Forum: Investing - Theory, News & General
Topic: Is anyone putting money aside into Gold?
Replies: 148
Views: 14878

Re: Is anyone putting money aside into Gold?

Mohamed Aly El-Erian, chief economic adviser at Allianz, the corporate parent of PIMCO where he served as CEO and co-chief investment officer (2007-2014). He served as chair of President Obama's Global Development Council (2012-17), and is a columnist for Bloomberg View, and a contributing editor to...
by MrDogg
Sat Dec 16, 2017 4:34 pm
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 201
Views: 19279

Re: Buying Real Silver and Gold (Not Bitcoin)

Mohamed Aly El-Erian, chief economic adviser at Allianz, the corporate parent of PIMCO where he served as CEO and co-chief investment officer (2007-2014). He served as chair of President Obama's Global Development Council (2012-17), and is a columnist for Bloomberg View, and a contributing editor to...
by MrDogg
Sat Dec 09, 2017 7:54 pm
Forum: Local Chapters and Bogleheads Community
Topic: South Florida Local Chapter
Replies: 301
Views: 53827

Re: South Florida Local Chapter

Hi Miriam,

This is my RSVP for one for the January meeting.

Thanks
by MrDogg
Fri Nov 17, 2017 12:40 pm
Forum: Personal Consumer Issues
Topic: Confused!!!! CRCCs or home care..? Help!!
Replies: 12
Views: 1431

Re: Confused!!!! CRCCs or home care..? Help!!

Wife and I have considered a CCRC. There are several nice ones in our area but they are really expensive. The buy-in expense includes long term and final care in the price (they have mini hospitals onsite and some outside doctors come in also). So, when you break it down what you are really paying f...
by MrDogg
Fri Nov 17, 2017 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: Finance Simplicity
Replies: 36
Views: 2272

Re: Finance Simplicity

I'll go with Einstein: "Everything should be made as simple as possible, but not simpler. " (my underline added). 3FP in tIRA, ROTH, and Taxable accounts 2 credit cards - one may have a problem from time to time online savings account checking account I-Bonds and Short Term bonds for cash reserve or...
by MrDogg
Thu Nov 09, 2017 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Annuity Alternative
Replies: 54
Views: 2921

Re: Annuity Alternative

..... and ask what any of this would actually do to make your life more pleasant? A possible alternative, not the same as do nothing, would be just spend a little more money from what you have. We are retired and living a modest middle class lifestyle with monthly Soc. Sec. and business sale procee...
by MrDogg
Thu Nov 09, 2017 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Annuity Alternative
Replies: 54
Views: 2921

Re: Annuity Alternative

MrDogg wrote:
Wed Nov 08, 2017 11:19 am
I am going to do one of the following (in no particular order):

Nothing
or
Loan
or
Managed Payout Fund
or
SPIA
I am adding to the list:

DIA
or
QLAC
by MrDogg
Thu Nov 09, 2017 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Annuity Alternative
Replies: 54
Views: 2921

Re: Annuity Alternative

Wade Pfau wrote a column entitled Why Retirees Should Choose DIAs over SPIAs[5]. The short answer is that deferred annuities are the most economically-efficient way to finance the latter years of retirement should a retiree or spouse live a long time. The more technical answer is that DIAs "expand"...
by MrDogg
Thu Nov 09, 2017 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Annuity Alternative
Replies: 54
Views: 2921

Re: Annuity Alternative

I would suggest two things if you move ahead & they really depend on the situation of others involved in the "estate disposition". One, if others find out & only get part of the story, there might be resentment regarding perceived partiality. Two, ensure both the loan & your (& wife's) will handle ...
by MrDogg
Thu Nov 09, 2017 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Annuity Alternative
Replies: 54
Views: 2921

Re: Annuity Alternative

[/quote]

... it does not resemble anything like an annuity.
[/quote]

Agreed, it does not resemble an annuity.
by MrDogg
Wed Nov 08, 2017 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Annuity Alternative
Replies: 54
Views: 2921

Re: Annuity Alternative

OK guys I think it's time to wrap this up. I want to thank everyone for their responses, they have made some good points and made me think hard about this idea. I am going to do one of the following (in no particular order): Nothing or Loan or Managed Payout Fund or SPIA Thanks again for weighing in...
by MrDogg
Wed Nov 08, 2017 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Annuity Alternative
Replies: 54
Views: 2921

Re: Annuity Alternative

The reason to lend in this scenario is a mutually beneficial financial transaction. You are obviously set on doing this, but I still fail to see how it is beneficial to you. You could do the same thing with a 30 year Treasury with far more security. All you're doing is generating some income from c...
by MrDogg
Wed Nov 08, 2017 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Annuity Alternative
Replies: 54
Views: 2921

Re: Annuity Alternative

itstoomuch wrote:
Tue Nov 07, 2017 9:44 pm
OP,
JMO, your proposal sounds plausible.
YMMV :sharebeer
I thought so too, thanks.
by MrDogg
Wed Nov 08, 2017 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Annuity Alternative
Replies: 54
Views: 2921

Re: Annuity Alternative

We gave our relative a significant business "loan," but it ended up being a gift and we didn't get any interest payments. We don't plan to repeat that again. The relative has LOTS of income and assets and we are OK with how it worked out, but it never generated cash flow for us. Doesn't address OPs...
by MrDogg
Wed Nov 08, 2017 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Annuity Alternative
Replies: 54
Views: 2921

Re: Annuity Alternative

One big risk is that the relative will want to pay off early. Not many people want to be tethered to a personal loan for 25 years. The only reason to lend to a relative is because of familial duty or magnanimity, not to generate a tidy long-term income stream. The loan agreement has been stated, th...
by MrDogg
Wed Nov 08, 2017 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Annuity Alternative
Replies: 54
Views: 2921

Re: Annuity Alternative

One difference pointed out is that the loan apparently terminates at some fixed number of years with amortization or a balloon payment while an annuity payout terminates with your death. What you are planning might be an alternative source of an income stream but it isn't equivalent to an annuity. ...
by MrDogg
Wed Nov 08, 2017 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Annuity Alternative
Replies: 54
Views: 2921

Re: Annuity Alternative

Now, many people (myself included) feel that the price for that guarantee is too high. That's a perfectly fine opinion. Just as people have different feelings about the risk of equities, people have different feelings about the risk of longevity. But that doesn't mean you've found an "alternative" ...
by MrDogg
Wed Nov 08, 2017 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Annuity Alternative
Replies: 54
Views: 2921

Re: Annuity Alternative

Once you are in retirement and begin to take Income from your retirement funds; the Retirement Fund becomes a self-initiated annuity. For some it becomes a Multi-year-guaranteed-annuity; For some a fixed annuity; For others a VA; and for us, we split the funds into specific and non-specific types o...
by MrDogg
Wed Nov 08, 2017 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Annuity Alternative
Replies: 54
Views: 2921

Re: Annuity Alternative

Does this make sense as an income stream alternative to an annuity? No this is not an alternative to an annuity. No matter what you do there is always a ~5% chance the annuity will pay out more money. Your example is not an alternative to an annuity. Annuities are for people with longevity risk ave...
by MrDogg
Tue Nov 07, 2017 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Annuity Alternative
Replies: 54
Views: 2921

Re: Annuity Alternative

Gill wrote:
Tue Nov 07, 2017 8:42 pm
Is it also impossible for him to die, get divorced or go bankrupt?
Gill
Yes those are risks, all acceptable to me.
by MrDogg
Tue Nov 07, 2017 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: Annuity Alternative
Replies: 54
Views: 2921

Re: Annuity Alternative

The problem most of us see is that you’re basing this on the credit worthiness of one individual. You asked us not to consider this, but that is the flaw in the entire scheme. For any number of reasons, this person may be unable or unwilling to pay you back. If you just want 5% interest for 30 year...
by MrDogg
Tue Nov 07, 2017 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Annuity Alternative
Replies: 54
Views: 2921

Re: Annuity Alternative

Gill wrote:
Tue Nov 07, 2017 8:42 pm
Is it also impossible for him to die, get divorced or go bankrupt?
Gill
I have those bases covered. Some are addressed in previous posts on this thread.
by MrDogg
Tue Nov 07, 2017 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Annuity Alternative
Replies: 54
Views: 2921

Re: Annuity Alternative

Just for some background information, are you currently withdrawing at 4% of your portfolio asset per year, or is the withdrawal lower than 4%? If your proposed increase withdrawal rate is still below 4% of your total asset then that should not be a problem. I have not started drawing from my portf...
by MrDogg
Tue Nov 07, 2017 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Annuity Alternative
Replies: 54
Views: 2921

Re: Annuity Alternative

Would this be a loan to the relative or a loan to his business? Where would you stand in line in case of a bankruptcy? Personal loan not business. Because of our personal relationship I would be first in line; this is academic as his personal finances are solid and he has a strong track record in a...
by MrDogg
Tue Nov 07, 2017 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: Annuity Alternative
Replies: 54
Views: 2921

Re: Annuity Alternative

You're kidding, right? I'm quite serious. What do you see as the pitfall? Said young person may come to a time where they cannot or won't pay you back. Family members become alienated over loans. Money can make people irrational. Don't do it. Don't burden the young person with a loan like this. Go ...
by MrDogg
Tue Nov 07, 2017 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: Annuity Alternative
Replies: 54
Views: 2921

Re: Annuity Alternative

The SPIA would pay out better if you wait until age 70 or even later, and more so if interest rates go up. You could automate a monthly payment from your IRA at Vanguard. No guarantees, but if 2%, for example, you shouldn't likely run out of money. A balanced fund such as Wellesley, LS conservative...
by MrDogg
Tue Nov 07, 2017 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: Annuity Alternative
Replies: 54
Views: 2921

Re: Annuity Alternative

muddlehead wrote:
Tue Nov 07, 2017 4:25 pm
You're kidding, right?
I'm quite serious. What do you see as the pitfall?
by MrDogg
Tue Nov 07, 2017 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: Annuity Alternative
Replies: 54
Views: 2921

Re: Annuity Alternative

I can imagine ways that the IRS could interpret this as something other than the way you want to characterize it, especially because the proposed borrower is in your will. And you can buy an SPIA with a return-of-premium feature, The IRS calls this an intra-family loan which is allowed. In order to...
by MrDogg
Tue Nov 07, 2017 7:19 pm
Forum: Personal Finance (Not Investing)
Topic: Annuity Alternative
Replies: 54
Views: 2921

Re: Annuity Alternative

Could you elaborate on the terms of the loan. Is he amortizing principal? You take it as a given that he can and all pay it back but I see too many landmines as possibilities. Gill This would be a simple interest loan amortized over something like 25 years, like a mortgage. If there are possible la...
by MrDogg
Tue Nov 07, 2017 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Annuity Alternative
Replies: 54
Views: 2921

Annuity Alternative

My wife and I are retired but won't have to start drawing down our portfolio for a few years. Our portfolio balance will take care of us until the end of our days. To make life even more pleasant I am considering a small annuity (or annuity like vehicle) to up our monthly income guaranteed for life....
by MrDogg
Sun Nov 05, 2017 7:54 am
Forum: Investing - Theory, News & General
Topic: I-bond inflation irony?
Replies: 35
Views: 4174

Re: I-bond inflation irony?

nisiprius wrote:
Sun Nov 05, 2017 6:51 am

I don't think I have ever been able to log in without getting a new one-time code.
I too have to get a One Time Password (OTP) every time I log on to Treasury Direct. Even when I select the recognize this computer box.
by MrDogg
Sat Nov 04, 2017 6:50 am
Forum: Personal Consumer Issues
Topic: TD Direct Site Familiarity
Replies: 3
Views: 406

Re: TD Direct Site Familiarity

Anyone here familiar with the workings of the TD Direct site? I'm new to purchasing I-Bonds though TD Direct and cannot seem to locate a link on the site to view the details of each purchase, specifically the interest rates that apply to each bond. I bought an I-Bond for $100 in 2016 and one for $1...