Search found 651 matches

by DetroitRick
Sat Apr 20, 2019 11:00 am
Forum: Personal Investments
Topic: Vanguard or Schwab for Retiree and Power of Attorney
Replies: 38
Views: 1376

Re: Vanguard or Schwab for Retiree and Power of Attorney

OP, you might find reading through Schwab's short POA form helpful too. Here's a link to the form on the public version of their website, POA is second from bottom of list (or sign in and see forms menu): https://www.schwab.com/public/schwab/client_home/forms_applications One thing you may notice, t...
by DetroitRick
Sat Apr 20, 2019 10:11 am
Forum: Personal Investments
Topic: Vanguard or Schwab for Retiree and Power of Attorney
Replies: 38
Views: 1376

Re: Vanguard or Schwab for Retiree and Power of Attorney

I can just relate my own experience at Schwab with a POA. I've done this for my inlaws since late 2007, no issues or problems with either online activity or calling in on her behalf (now just mother-in-law), or local office transactions. Those calls involved things like taxable reporting issues, que...
by DetroitRick
Sat Apr 20, 2019 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Best Software for Budgeting/Tracking Investments/Projecting retirement drawdown
Replies: 9
Views: 1111

Re: Best Software for Budgeting/Tracking Investments/Projecting retirement drawdown

Here's what has worked best for me over the long haul: Budgeting - Quicken Mainly because it's relatively automatic (except for some very small amount of expense categorization), comprehensive (I can see everything at a glance at whatever level of detail I need, both present and past), and easy to u...
by DetroitRick
Tue Apr 16, 2019 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: What defines "income" on a retiree's credit card application?
Replies: 102
Views: 5892

Re: What defines "income" on a retiree's credit card application?

BOGLEHEAD ACCUSED OF BANK FRAUD (name) was indicted for bank fraud. The indictment alleged that he reported an income of $100,000 on a credit card application, when in fact his income was $101,875. He also neglected to include interest income of $45. Even worse, he reported dividend income of appro...
by DetroitRick
Tue Apr 16, 2019 10:43 am
Forum: Personal Finance (Not Investing)
Topic: What defines "income" on a retiree's credit card application?
Replies: 102
Views: 5892

Re: What defines "income" on a retiree's credit card application?

In the recent past, I've played this 2 different ways in retirement. First case, I applied a strict accounting/tax definition of income and got a card with the lowest limit I've ever had in my entire life. Second case, used a broad definition of income and got a card with a completely normal credit ...
by DetroitRick
Mon Apr 15, 2019 5:06 pm
Forum: Investing - Theory, News & General
Topic: What is your one favorite fixed income for retirement?
Replies: 45
Views: 5301

Re: What is your one favorite fixed income for retirement?

Dodge & Cox Income Fund (DODIX). Fairly low cost, experienced and stable management team, good critical mass for efficient buy/selling, bond market allocations that change reasonably with fixed income market conditions, and consistently good performance. Owned since 2004. If I get to pick 2, it woul...
by DetroitRick
Fri Apr 12, 2019 9:01 am
Forum: Personal Investments
Topic: Pro's and Con's to using one investment account!
Replies: 16
Views: 1821

Re: Pro's and Con's to using one investment account!

Using one financial house for all accounts involves all the pro's and con's already mentioned here. Keeping critical mass and taking advantage of any bargains from holding larger household balances is the most important to me. But I also believe that the simplicity aspect might be overstated for som...
by DetroitRick
Thu Apr 11, 2019 8:55 am
Forum: Investing - Theory, News & General
Topic: Crypto bulls are back. Are you getting in?
Replies: 105
Views: 7978

Re: Crypto bulls are back. Are you getting in?

As an investor, no. As a future user, probably. I find both the underlying technology and the basic concept fascinating. Think of the potential benefit to people in countries with strict currency controls and/or in chaotic economic environments. I can envision using crypto currency for transactions ...
by DetroitRick
Wed Apr 10, 2019 2:35 pm
Forum: Personal Consumer Issues
Topic: Cleaning shingles (moss & mildew)
Replies: 27
Views: 2643

Re: Cleaning shingles (moss & mildew)

I've had good luck with a product called "Spray & Forget Super Concentrated Roof Cleaner". They have many formulations, but I use the one formulated particularly for roofs. Covers mold, mildew, algae, etc. No brushing, rinsing or agitating. Works long after application. Luckily for me, the 20-foot s...
by DetroitRick
Wed Apr 10, 2019 10:09 am
Forum: Personal Consumer Issues
Topic: Ceiling fan install (high ceiling)
Replies: 32
Views: 1820

Re: Ceiling fan install (high ceiling)

I've had a similar problem and dislike heights. What has worked for me (I'm 6', ceiling is around 15' at peak) - bought a 12 ft. contractor's grade (type 1a, rated to 300 lbs) wooden step ladder. At the time, all the other alternatives were too wobbly for my taste. This ladder is solid as a rock, he...
by DetroitRick
Tue Apr 09, 2019 4:07 pm
Forum: Personal Consumer Issues
Topic: How Much Do You Pay For Haircut?
Replies: 115
Views: 6215

Re: How Much Do You Pay For Haircut?

$23 + $6 tip. Includes cut and shampoo, occasionally free beer. Every 4 weeks. Suburban location, not a chain. Fun place, best cut I've ever had, convenient hours, 1/2 mile from home. No flowbee for me, thanks.
by DetroitRick
Tue Apr 09, 2019 2:14 pm
Forum: Investing - Theory, News & General
Topic: Retirees: Are you annually spending in Real or Nominal Terms?
Replies: 63
Views: 3748

Re: Retirees: Are you annually spending in Real or Nominal Terms?

It is interesting to read what people are actually doing. So thanks for posting this. No, I don't really track my income or withdrawal rates that way. And I've been retired for a while now. I don't use a fixed withdrawal rate anyway. I do, however, do a macro-level 10 year plan, in real dollars, to ...
by DetroitRick
Sun Apr 07, 2019 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Self-Insurers: How are you planning and investing for old age care?
Replies: 47
Views: 2914

Re: Long Term Care Self-Insurers: How are you planning and investing for old age care?

We don't plan separately or segregate funds for long-term care. Instead, we just continue to spend below our means to prepare for a variety of emergencies (and, just as important, to fund things that bring us joy). We're 58 and 63. Shorter-term long-term care, as in a few years duration, will be han...
by DetroitRick
Sun Apr 07, 2019 9:25 am
Forum: Personal Investments
Topic: Those that have an "Anti-Boglehead" investment account, what are your "risky" plays?
Replies: 92
Views: 6280

Re: Those that have an "Anti-Boglehead" investment account, what are your "risky" plays?

I maintain an individual stock portfolio. Amounts to around 21% of my investment assets. Been doing so primarily since 2007. It's a reasonably well-diversified portfolio, ranging from 45 to 50 positions. Usually low turnover, with a few exceptions. Covers US and international equity, but small caps ...
by DetroitRick
Sat Apr 06, 2019 9:50 am
Forum: Non-US Investing
Topic: Your opinion on debt?
Replies: 111
Views: 6447

Re: Your opinion on debt?

I never view general financial tools, debt included, as being good or bad by themselves. Depends on the situation and person using the tool. Leverage is a two-way street, and can help or hurt depending. I tend to be negative about credit card debt, and never carry month to month balances, simply bec...
by DetroitRick
Sat Apr 06, 2019 8:31 am
Forum: Personal Investments
Topic: Can't view Schwab portfolio performance in Chrome on Windows
Replies: 7
Views: 383

Re: Can't view Schwab portfolio performance in Chrome on Windows

Thanks for the great explanation Elric. Fantastic. NOW, I know what happened in my case last year too. It was the blocking of third party cookies that caused my problem (I just duplicated the whole issue today). So when I reset Chrome, it "fixed it" simply because that reset undid my third party coo...
by DetroitRick
Fri Apr 05, 2019 4:04 pm
Forum: Personal Investments
Topic: Can't view Schwab portfolio performance in Chrome on Windows
Replies: 7
Views: 383

Re: Can't view Schwab portfolio performance in Chrome on Windows

I had same problem last year. Chrome and Windows 10, just with Schwab's Portfolio Performance function, rest of website was fine. I first tried clearing cache (as you did), plus cookies and browsing history. That all didn't work either (but if you cleared cache, but not the other two, it's at least ...
by DetroitRick
Thu Apr 04, 2019 6:43 pm
Forum: Personal Consumer Issues
Topic: Windows 10 security software
Replies: 33
Views: 2176

Re: Windows 10 security software

I use Windows Defender and Malwarebytes on one of our machines, McAfee and Malwarebytes on the other. Both Windows 10. No issues on either with long-term use. Both are free (ISP gives McAfee). Both machines are relatively beefy, and I can't detect any performance issues on either computer. I've yet...
by DetroitRick
Thu Apr 04, 2019 5:36 pm
Forum: Personal Consumer Issues
Topic: Windows 10 security software
Replies: 33
Views: 2176

Re: Windows 10 security software

It's a Windows 10 feature that, when turned on, prevents ransomware from encrypting your data and limits programs' ability to change files. I'm still playing with it myself, as it needs to be tweaked to your individual use case. But it seems like a decent tool to me. Here's a decent explanatory link...
by DetroitRick
Thu Apr 04, 2019 9:32 am
Forum: Personal Consumer Issues
Topic: Windows 10 security software
Replies: 33
Views: 2176

Re: Windows 10 security software

I use Windows Defender and Malwarebytes on one of our machines, McAfee and Malwarebytes on the other. Both Windows 10. No issues on either with long-term use. Both are free (ISP gives McAfee). Both machines are relatively beefy, and I can't detect any performance issues on either computer. I've yet ...
by DetroitRick
Mon Apr 01, 2019 8:04 am
Forum: Personal Investments
Topic: Schwab users: Does Schwab discourage the purchase of money market funds?
Replies: 44
Views: 3162

Re: Schwab users: Does Schwab discourage the purchase of money market funds?

No, I don't feel like they do. To review the purchased mmf's available: sign in, from Research menu tab click Money Markets, then Purchased Money Market link. To trade, once you already hold position, just use the drop-down menu from positions page. Or access with symbol on the Trade page (since the...
by DetroitRick
Fri Mar 29, 2019 6:32 pm
Forum: Investing - Theory, News & General
Topic: Diversification Can Improve Retirement Outcomes (SWR) [Very Long Post]
Replies: 64
Views: 3927

Re: Diversification Can Improve Retirement Outcomes (SWR) [Very Long Post]

OP - just wanted to say thanks for the effort you took in putting this together. Very well done, and for me in retirement, a good and timely reminder on portfolio construction. What you laid out so well, is basically what I originally learned about portfolio construction, and what I've experienced f...
by DetroitRick
Fri Mar 29, 2019 10:01 am
Forum: Personal Finance (Not Investing)
Topic: How often do you check your net worth?
Replies: 257
Views: 14003

Re: How often do you check your net worth?

I see it daily, just because it's a by-product of my daily Quicken updates. No time involved, it's just there on the screen. For me, the actionable stuff (like moving money, asset allocation adjustments, spending modifications, etc.) is based on the details. Were it not this easy, I'd probably just ...
by DetroitRick
Wed Mar 27, 2019 1:05 pm
Forum: Personal Consumer Issues
Topic: Bogleheads, do you have (unwise financially) friends? And how do you deal with them?
Replies: 76
Views: 3847

Re: Bogleheads, do you have (unwise financially) friends? And how do you deal with them?

With other than "really good friends" (and relatives), the subject never really comes up. With good friends, my approach is this, but only if I'm asked: General discussion, or Decline involvement, or Hands-on help Across all our friends, I've done all 3 of these alternatives, and those choices have ...
by DetroitRick
Wed Mar 20, 2019 4:40 pm
Forum: Personal Consumer Issues
Topic: Need some help with slow folders in Windows
Replies: 33
Views: 1697

Re: Need some help with slow folders in Windows

I had the exact same problem last year. Exactly what you described. When it was happening, I perused quite a few Windows forums and never found a solution that worked for me. The only thing I learned was how prevalent the problem was. My experience started mid-year 2018 and went away by itself somet...
by DetroitRick
Wed Mar 20, 2019 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Are RMDs that bad if you're not an over-saver?
Replies: 139
Views: 11941

Re: Are RMDs that bad if you're not an over-saver?

Not bad or good, just another piece of planning. It's great to anticipate RMD impact on taxes in retirement, but much easier said than done. I have never had great faith in my ability to predict my future tax rates or general tax policy. I've always taken a middle ground by diversifying across tradi...
by DetroitRick
Wed Mar 20, 2019 9:16 am
Forum: Investing - Theory, News & General
Topic: Retired Investors - Do You Keep Cash For Down Years
Replies: 107
Views: 8185

Re: Retired Investors - Do You Keep Cash For Down Years

No, I don't. My banked cash only covers an amount sufficient to cover emergencies, plus a small liquidity cushion (a few months of expenses). So I don't maintain cash for down years. Or hold any material cash positions in investment accounts. Fixed income holdings in my investment accounts, among ot...
by DetroitRick
Mon Mar 18, 2019 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: good book on social security?
Replies: 7
Views: 385

Re: good book on social security?

Same recommendation as others - Mike Piper's book - "Social Security Made Simple". It's what I used to complete my education on SS in 2016, and what I found to me most useful. Thorough, logical, and well-written. Way better than those chicken-dinner seminars, I believe.
by DetroitRick
Sun Mar 17, 2019 9:31 am
Forum: Personal Consumer Issues
Topic: Medicare annual physical vs wellness visit
Replies: 54
Views: 2959

Re: Medicare annual physical vs wellness visit

Interesting topic to me because I'm a year-and-a-half out from Medicare and trying to get an idea of what lies ahead. And I've gotten a lot a of value from recent annual physicals, so I would continue regardless of who pays (at least at my current costs). But I also notice that the 4th bullet point ...
by DetroitRick
Mon Mar 11, 2019 5:18 pm
Forum: Personal Investments
Topic: Health Care Costs In Retirement
Replies: 14
Views: 1389

Re: Health Care Costs In Retirement

Retired at 50 and still pre-Medicare now. We started with 2 years of COBRA coverage, then went with a a Blue Cross Blue Shield individual policy, and finally ACA policies since. Prior to ACA, our state had mandatory-issue individual policies anyway (with no pre-existing condition exclusions with pro...
by DetroitRick
Tue Mar 05, 2019 1:13 pm
Forum: Personal Consumer Issues
Topic: Best place to buy Microsoft Office 2019....
Replies: 85
Views: 6114

Re: Best place to buy Microsoft Office 2019....

Well, OP, looks like I just might need that book you referenced too. So thanks for that (seriously, it looks interesting). I didn't even notice the compatibility issue between pre-Windows 10 and Office 2019. That really changes your options, sorry! Anyway - good to know - there are still lots of Win...
by DetroitRick
Tue Mar 05, 2019 11:49 am
Forum: Personal Consumer Issues
Topic: Best place to buy Microsoft Office 2019....
Replies: 85
Views: 6114

Re: Best place to buy Microsoft Office 2019....

OP, one more comparison resource might be helpful to you. This is a relatively current link comparing Office 365 and 2019, by feature, so you can see what is important to YOU (Nov 2018, from Computerworld): https://www.computerworld.com/article/3261024/review-office-2019-is-the-best-advertisement-ye...
by DetroitRick
Mon Mar 04, 2019 3:38 pm
Forum: Personal Consumer Issues
Topic: Best place to buy Microsoft Office 2019....
Replies: 85
Views: 6114

Re: Best place to buy Microsoft Office 2019....

I would recommend Office 365 over 2019, as well. Some of the advantages, as others have noted - TB of cloud storage, subscription means you always have the latest feature set, more installs included, more apps included. I switched over in early 2014, have been totally satisfied, and wouldn't switch ...
by DetroitRick
Sun Mar 03, 2019 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Large One-Time Expenditures in Retirement
Replies: 24
Views: 2566

Re: Large One-Time Expenditures in Retirement

There are different ways to handle this. Here's what works for us in our retirement - While we do use a basic annual budget to make sure we achieve our goals/monitor spending/plan short-term cash flow, the 3 categories you mentioned are excluded from our budget (but not from our long-range planning)...
by DetroitRick
Sat Mar 02, 2019 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: BH could you live off your SS benefit?
Replies: 141
Views: 7105

Re: BH could you live off your SS benefit?

No. Not in any practical sense. My current benefit alone (wife will start her benefit in 4 to 8 years, depending) would keep us out of poverty. That's about it.
by DetroitRick
Mon Feb 25, 2019 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Dental Insurance
Replies: 38
Views: 2719

Re: Dental Insurance

I know exactly what you mean by the savings on the fee schedule. I use a discount program from Dental Solutions (their website is edentalsolutions.com, note that "e" in front). They actually operate under several different names. But this was recommended by my own dentist, and was originally offered...
by DetroitRick
Mon Feb 25, 2019 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Who does their own taxes?
Replies: 111
Views: 7404

Re: Who does their own taxes?

I've done our own taxes every year of my life except 1, when I used a CPA. Year-to-year, complexity level ranges from easy to moderately-complex. Used TurboTax almost every year since the mid 1990's. After experiencing several years of really dumb preparer mistakes by an enrolled agent, I started do...
by DetroitRick
Sat Feb 23, 2019 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken cost basis seems wrong
Replies: 5
Views: 480

Re: Quicken cost basis seems wrong

This is intriguing (and I'm sure annoying) because from what you described, the math indicates exactly what you said happened. Which would make Schwab correct, and Quicken wrong. But I'm at a loss to explain how Quicken could even do that computation (subtract sales proceeds from original cost) to g...
by DetroitRick
Tue Feb 19, 2019 11:56 am
Forum: US Chapters
Topic: How many bogleheads do you know in real life?
Replies: 130
Views: 8755

Re: How many bogleheads do you know in real life?

None, really. Several friends and relatives share some BH attributes - mainly a certain level of reasonable frugality, an active concern for retirement planning, and some level of emergency planning. Little else, though. And this spans a wide range of income levels. But that's actually a decent part...
by DetroitRick
Fri Feb 15, 2019 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: Chase free credit score..what's the catch?
Replies: 10
Views: 1137

Re: Chase free credit score..what's the catch?

Signing up gives you 2 things - credit score (VantageScore 3.0, updated weekly) and Transunion Credit Report. Score includes cursory outline of factors affecting your score. I'm a Chase customer (they say you don't have to be, though), signed up last year and haven't seen any change whatsoever in Ch...
by DetroitRick
Thu Feb 14, 2019 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Filing taxes ASAP and ignoring corrected forms?
Replies: 9
Views: 776

Re: Filing taxes ASAP and ignoring corrected forms?

I''ve gotten corrected 1099 Composites (-B's and -DIV's) at least every other year for the past decade. If the change makes a substantive difference in taxes owed, I would file an amendment (I've done it once in that decade). No change, or trivial change to taxes owed, I do nothing. I basically wait...
by DetroitRick
Tue Feb 12, 2019 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Multiple credit card fraud instances
Replies: 9
Views: 760

Re: Multiple credit card fraud instances

Similar experience last week. One card was impacted for us - that of my mother-in-law, whose finances I monitor. 7 probing charges between late evening Feb 4 and early morning Feb 5th - one from Amazon and 6 from Pay-Pal. All for $1 dollar, and including some $1 dollar credits. Love those thorough h...
by DetroitRick
Sat Feb 09, 2019 1:12 pm
Forum: Personal Consumer Issues
Topic: Expanding sound of Amazon Echo Dot
Replies: 6
Views: 378

Re: Expanding sound of Amazon Echo Dot

We've had early generations of both Echo and Echo Dot (so we have 2 devices now) since the very beginning. We absolutely love them. Even my non-techie wife was smitten with the ease of music streaming from the very beginning. Not to mention all the other things they can do... We have a small house, ...
by DetroitRick
Thu Jan 31, 2019 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Were you 100% debt free at retirement
Replies: 163
Views: 10006

Re: Were you 100% debt free at retirement

No, and we don't ever plan to be 100% debt free. Our debt levels are, and always has been, modest. We carry less debt when rates are high, more when rates are low. At retirement, we had a mortgage and one car loan. Today we just have a mortgage. 5 years from now - will likely have a car loan (or lea...
by DetroitRick
Sun Jan 27, 2019 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: turbotax 1099-int not requiring bank address/payer id
Replies: 8
Views: 834

Re: turbotax 1099-int not requiring bank address/payer id

My answer is the same as lstone19 - it doesn't go on the actual tax return anyway, so skipping it is fine. I'm using TT Premier, but Deluxe should work the same way for these particulars. There are (at least) 3 ways of getting Federal ID and name into your backup worksheet, and at least 1 way to get...
by DetroitRick
Wed Jan 23, 2019 7:56 pm
Forum: Personal Investments
Topic: Depositing Checks at a Schwab Branch?
Replies: 7
Views: 936

Re: Depositing Checks at a Schwab Branch?

I'll echo what Truenorth posted - never a problem, never a wait, they hand you a printed receipt, and it immediately posts to account. I use online transfers and their app as well - all 3 methods work great for me.
by DetroitRick
Mon Jan 21, 2019 6:11 pm
Forum: Personal Investments
Topic: Anyone use Invesco BulletShares?
Replies: 9
Views: 756

Re: Anyone use Invesco BulletShares?

I have used them in the past, and will likely do so again at some point. I started with them at the beginning of 2013 (when they were Guggenheim, before Invesco) and stopped last year. I purchased multiple maturities at Schwab, where (as CardinalRule points out), they are commission free. Expense ra...
by DetroitRick
Sun Jan 13, 2019 11:32 am
Forum: Personal Finance (Not Investing)
Topic: What's your experience upgrading to Quicken 2018 or 2019?
Replies: 41
Views: 2244

Re: What's your experience upgrading to Quicken 2018 or 2019?

I upgraded to Quicken Premier 2019 from Quicken Premier 2016 (for PC in both cases) in early November 2018. No issues or bugs related to the upgrade or since. I haven't explored every corner of the software, but I really only identify 3 differences so far: 1)the user base will generally all be on th...
by DetroitRick
Sat Jan 12, 2019 12:41 pm
Forum: Personal Investments
Topic: E-Trade or Charles Schwab
Replies: 14
Views: 735

Re: E-Trade or Charles Schwab

I can't speak to E-Trade, since I only have secondhand knowledge (what I've heard sounds fine, though). But as a Schwab customer since the 90's, here's a summary of my personal experience there: - Product selection is broad, costs are low and pricing structure is very clear. This Includes a great se...