Search found 194 matches

by NoHeat
Tue Nov 06, 2018 12:25 am
Forum: Personal Consumer Issues
Topic: Email on dark web. haveibeenpwned.com
Replies: 9
Views: 2041

Re: Email on dark web. haveibeenpwned.com

I use yahoo with two factor authentification. What are the more secure email sites you refer to? The new terms of service for Yahoo (and AOL, also owned now by Oath) state that Oath will read your emails and sell info about your financial institutions. So, two-factor authorization for Yahoo email i...
by NoHeat
Tue Oct 30, 2018 9:30 pm
Forum: Investing - Theory, News & General
Topic: Should we discourage the bond tent?
Replies: 53
Views: 4091

Re: Should we discourage the bond tent?

The “portfolio size effect” is not explained in the Kitces blog article cited in the OP, even though Kitces claims it to be the problem that the bond tent is intended to fix. For your chances of dying broke, it’s not obvious to me why a dip in the stock market is inherently more devastating at age 6...
by NoHeat
Thu Oct 25, 2018 8:39 am
Forum: Investing - Theory, News & General
Topic: Why I'm 100% stocks
Replies: 149
Views: 17071

Re: Why I'm 100% stocks

Ari wrote:
Thu Oct 25, 2018 4:27 am
I can expect my pension to be somewhere close to my salary if I were to work until 65
That's got to be the key point, buried in the middle of the long post.

If you've been living on your salary, and your pension can entirely replace it, then of course a 100% stock allocation is okay.
by NoHeat
Wed Oct 24, 2018 9:01 am
Forum: Investing - Help with Personal Investments
Topic: Benefit of bonds
Replies: 12
Views: 1837

Re: Benefit of bonds

.. you don't know how you will react to a bear market, because you haven't lost a lot of money in one. ... I had 80% stock in 2000-2002, which was my first bear market, and lost a quarter of my portfolio. Once I knew how I would react to a bear market, I increased my risk level ... Grabiner has des...
by NoHeat
Fri Oct 19, 2018 10:57 pm
Forum: Investing - Theory, News & General
Topic: The End of Indexing?
Replies: 33
Views: 4232

Re: The End of Indexing?

Recent video of a lecture by the author, on the themes of his book:
https://www.youtube.com/watch?v=-AowDdb2m3o

He speaks so poorly that it's impossible to watch more than a few minutes, but as far as I can tell it's not about indexing at all.
by NoHeat
Thu Oct 18, 2018 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Budget for post-65 health/dental/vision/hearing
Replies: 10
Views: 981

Re: Budget for post-65 health/dental/vision/hearing

Timely and useful post from Kitces yesterday: Thank you, that is helpful. It's based on a Vanguard report (to find the pdf file, search for "Planning for health care costs in retirement" "June 2018" Vanguard). Excerpts: The Mercer-Vanguard health care cost model divides people into three risk categ...
by NoHeat
Thu Oct 18, 2018 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Budget for post-65 health/dental/vision/hearing
Replies: 10
Views: 981

Re: Budget for post-65 health/dental/vision/hearing

TOTAL OUT OF POCKET MEDICAL EXPENSES FOR THIS RETIRED COUPLE: 2010 $9,850, 2011 $14,416, 2012 $11,290, 2013 $13,347, 2014 $9,511, 2015 $11,838, 2016 $7,842, 2017 $12,864 Thank you, Sheepdog. It's really helpful to see a real-life example, with real expenses. It’s great that you included dental, hea...
by NoHeat
Thu Oct 18, 2018 10:52 am
Forum: Investing - Theory, News & General
Topic: Sin as investment strategy
Replies: 26
Views: 3575

Re: Sin as investment strategy

Sin stock investing ... any reasonably analogous alternative to VICEX, hopefully one with an ER lower than the 1.49% VICEX sports? Besides tobacco and alcohol, VICEX includes defense stocks and casinos. A consumer-staples sector fund, can be a low-fee way to go, but it's nowhere close to a pure pla...
by NoHeat
Wed Oct 17, 2018 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Budget for post-65 health/dental/vision/hearing
Replies: 10
Views: 981

Budget for post-65 health/dental/vision/hearing

For planning a retirement budget, numbers are hard to find for a total cost for health care. What I've found so far is a range for a 65-year-old: $5206 to $9552/yr woman $5095 to $9441/yr man Supposedly that includes Medicare B, D, Supplement, dental insurance, hearing, & vision, as well as out-of-p...
by NoHeat
Sun Oct 14, 2018 5:14 pm
Forum: Investing - Help with Personal Investments
Topic: HK-Based Investor: Should I use Interactive Broker HK to trade?/Question re account segregation
Replies: 7
Views: 406

Re: HK-Based Investor: Should I use Interactive Broker HK to trade?/Question re account segregation

"By properly segregating the customer's assets, if no money or stock is borrowed and no futures positions are held by the customer, then the customer's assets are available to be returned to the customer in the event of a default by or bankruptcy of the broker." If this is true, why would we need i...
by NoHeat
Sat Oct 13, 2018 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: Have you annuitized some of your money?
Replies: 67
Views: 5840

Re: Have you annuitized some of your money?

Wade Pfau suggested (back in 2012, when interest rates were different than now) a retirement portfolio strictly of stocks and SPIA, with no bonds. He has graphs showing simulation results for various allocations, with a 4% withdrawal rate: https://retirementresearcher.com/an-efficient-frontier-for-r...
by NoHeat
Thu Oct 11, 2018 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: "Experian Flaw Just Revealed PINs Protecting Credit Data"; What to do?
Replies: 42
Views: 4496

Re: "Experian Flaw Just Revealed PINs Protecting Credit Data"; What to do?

My Experian PIN, which worked fine a few months ago, was no longer recognized today when I tried today to do a temporary freeze removal. So I tried with the forgotten PIN approach, and that failed also, resulting in this message: "to temporarily remove your freeze, please email us this letter, along...
by NoHeat
Thu Oct 11, 2018 7:25 pm
Forum: Personal Consumer Issues
Topic: TV recommendation for my father
Replies: 55
Views: 2797

Re: TV recommendation for my father

Looking for TV recommdations. This TV would be for my father. He is elderly ... Simplicity of remote control operation might be more important than refresh rate and other picture quality issues. My 91-year old relative was unable to watch TV for years because he couldn’t sort out the remote control...
by NoHeat
Thu Oct 11, 2018 7:11 pm
Forum: Investing - Theory, News & General
Topic: [Fidelity announces simplified index fund structure]
Replies: 20
Views: 2609

Re: [Fidelity announces simplified index fund structure]

I am now the proud owner of a three-fund portfolio that's worth a grand total of $1.17 that's almost perfectly allocated with a 65/25/10 US/Intl/Bond split. Effective weighted ER is a jaw-dropping 0.027% . That’s impressive, that they offer that. After about 30 years, Fidelity will have collected o...
by NoHeat
Thu Oct 11, 2018 6:50 pm
Forum: Investing - Theory, News & General
Topic: Short Term Bond yield over 3%
Replies: 74
Views: 10556

Re: Short Term Bond yield over 3%

. Money is coming in and out of the bond everyday so I would imagine the fund manger would have to purchase bonds daily if the intake was greater than the outtake. What happens if the funds recieves a large amount of new money, does the average duration of the fund change? VBIRX holds Treasury note...
by NoHeat
Wed Oct 10, 2018 7:41 pm
Forum: Investing - Theory, News & General
Topic: Kid already in 9th grade, too late to start 529?
Replies: 14
Views: 1712

Re: Kid already in 9th grade, too late to start 529?

If you have state tax deduction, it makes total sense regadless of when you started. Yes. In my state, I can capture the deduction even if I withdraw the day after contributing! I read the state code for 529 deductions, and I verified this with the 529 customer service. The 529 plan doesn’t adverti...
by NoHeat
Wed Oct 10, 2018 7:25 pm
Forum: Personal Consumer Issues
Topic: Mazda 3 w/ Snow tire or Subaru AWD with All Season Tire
Replies: 56
Views: 3556

Re: Mazda 3 w/ Snow tire or Subaru AWD with All Season Tire

My Mazda3 with studded snow tires is awesome in the snow. Despite being only front-wheel drive, it is actually better than my 4WD truck, which has aggressive tread but not snow tires. Clearance is the only thing I give up, by driving the Mazda3 with four snow tires, as compared to the 4WD truck. I b...
by NoHeat
Mon Oct 08, 2018 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: "Experian Flaw Just Revealed PINs Protecting Credit Data"; What to do?
Replies: 42
Views: 4496

Re: "Experian Flaw Just Revealed PINs Protecting Credit Data"; What to do?

I just tried and got an error saying they couldn't unfreeze mine online. Then just for the heck of it I decided to pretend I forgot I had a freeze, and filled out the form to set one, and it told me I already have one, and showed me the previous PIN. Wow, this is yet another huge security hole. I a...
by NoHeat
Tue Oct 02, 2018 11:57 pm
Forum: Personal Finance (Not Investing)
Topic: how difficult is Form 1116 (foreign tax credit)
Replies: 12
Views: 645

Re: how difficult is Form 1116 (foreign tax credit)

If you have only one holding it is not bad — just one column, one form. If you have multiple holdings but all in one country, it’s a little worse. If you have multiple holdings in multiple countries it can be a headache for a Turbotax user like me, with multiple columns and multiple forms that alway...
by NoHeat
Mon Oct 01, 2018 11:28 pm
Forum: Personal Consumer Issues
Topic: Anyone ordered a vehicle through a dealership?
Replies: 40
Views: 3168

Re: Anyone ordered a vehicle through a dealership?

I've bought a Toyota made in their Indiana plant especially for me, with the options and color I chose. It wasn't hard to do through a dealer, but I wonder why it isn't even easier. Nowadays, it ought to be possible to order a car with a few mouse clicks on a website, and have it show up on your dri...
by NoHeat
Mon Oct 01, 2018 10:57 pm
Forum: Personal Finance (Not Investing)
Topic: Letter from IRS about taxes
Replies: 9
Views: 1687

Re: Letter from IRS about taxes

should I believe this letter from IRS that arrived today this time? And why? At the top right corner of the letter, does it have a line that starts with "Notice" followed by a code like CP14 or CP501? Below that, does it have a line that starts "To contact us" followed by a phone number, for exampl...
by NoHeat
Mon Oct 01, 2018 8:31 pm
Forum: Investing - Theory, News & General
Topic: Rich, Broke or Dead: Visualizing probabilities of outcomes in early retirement
Replies: 135
Views: 17297

Re: Rich, Broke or Dead: Visualizing probabilities of outcomes in early retirement

You should be able to simulate an annuity using the Extra Annual Income section. Oh, good point, I had not noticed that option. Still, it only makes the red "broke" band get smaller. Which seems a bit odd. As an extreme case, if I bought an annuity for a billion dollars, leaving me an investment po...
by NoHeat
Mon Oct 01, 2018 8:23 pm
Forum: Investing - Theory, News & General
Topic: Barron's Making the Case for Gold
Replies: 139
Views: 10777

Re: Barron's Making the Case for Gold

i dont believe there is ever a case for gold. i completely follow Buffetts logic on this. Agreed. Buffet says that suppose you bought all the gold metal that exists in the world, and you cast it into a cube. It would be about 20 meters on a side. What could you do with it? You could look at it. Fon...
by NoHeat
Mon Oct 01, 2018 8:06 pm
Forum: Investing - Theory, News & General
Topic: Rich, Broke or Dead: Visualizing probabilities of outcomes in early retirement
Replies: 135
Views: 17297

Re: Rich, Broke or Dead: Visualizing probabilities of outcomes in early retirement

It would be far easier to project these things if there was an expiration date stamped somewhere on our body. That's very true. I believe that's the reason some people buy longevity annuities, which can go a long way toward solving that problem. The red-colored "broke" band could entirely vanish fr...
by NoHeat
Fri Sep 28, 2018 8:19 pm
Forum: Investing - Help with Personal Investments
Topic: Warren Buffet Portfolio Critique
Replies: 56
Views: 4571

Re: Warren Buffet Portfolio Critique

Daily expenses for his wife will drop at least $2.61 after Warren passes. https://www.cnbc.com/2018/04/18/warren-buffett-buys-breakfast-from-mcdonalds-for-under-3-point-17.html It's a classic story of frugality. Excerpt: "I tell my wife, as I shave in the morning, I say, 'Either $2.61, $2.95 or $3.1...
by NoHeat
Thu Sep 27, 2018 8:11 pm
Forum: Investing - Help with Personal Investments
Topic: Warren Buffet Portfolio Critique
Replies: 56
Views: 4571

Re: Warren Buffet Portfolio Critique

10%-- Short-Term Treasury Fund Admiral Shares (VFIRX) The size of a portfolio matters. His wife will get lots and lots of money. 10% of that will still be a lot more than needed to live in Warren’s simple brick house in Omaha. The other 90% could be raked into a pile and burned, and she would still...
by NoHeat
Wed Sep 26, 2018 11:13 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA 360 Financial View
Replies: 1
Views: 248

Re: TIAA 360 Financial View

TIAA does certain things well, but for sure it has never impressed me with leading-edge website technology.

I'd be really surprised if they improve their tech in response to one customer's threat to withdraw funds because of dissatisfaction with a free website feature.
by NoHeat
Tue Sep 25, 2018 9:02 pm
Forum: Investing - Help with Personal Investments
Topic: 529 to 529 Rollover - when?
Replies: 6
Views: 676

Re: 529 to 529 Rollover - when?

We live in a state that does offer the state income deduction, but we didn’t realize until last year that the deduction was an option. There might be an even bigger opportunity waiting for you, for state tax savings. Depending on your state*, you can multiply your state tax annual deduction by cont...
by NoHeat
Tue Sep 25, 2018 8:52 pm
Forum: Investing - Help with Personal Investments
Topic: 529 to 529 Rollover - when?
Replies: 6
Views: 676

Re: 529 to 529 Rollover - when?

529 rollovers are easy, but there’s one big gotcha: You are permitted only one rollover to another 529 plan per twelve-month period for the same beneficiary. That rule can be a real nuisance. I don’t plan to move or make changes once we roll over to Vanguard. Why would the one rollover per 12 month...
by NoHeat
Mon Sep 24, 2018 10:29 pm
Forum: Investing - Theory, News & General
Topic: Are Government Back Bonds or FDIC Insured accounts more at risk of Default?
Replies: 33
Views: 1793

Re: Are Government Back Bonds or FDIC Insured accounts more at risk of Default?

FDIC is more at risk of default than the US government. A huge run on banks could exceed the capacity of the FDIC. And the FDIC did come close to running out of cash in early 2009. Congress bailed out banks with a huge bill, hundreds of billions of dollars in that bailout, and that saved the FDIC fr...
by NoHeat
Sun Sep 23, 2018 10:18 pm
Forum: Investing - Help with Personal Investments
Topic: HELOC as a bonds replacement for drawing down from in a downturn?
Replies: 36
Views: 2358

Re: HELOC as a bonds replacement for drawing down from in a downturn?

... you would be taking money from (borrowed) cash which you can replace sometime in the next 10 years when the market recovers? Using debt to boost one’s stock allocation looks a lot like buying stocks on margin. It would require a huge risk tolerance for a retiree to buy stocks on margin during a...
by NoHeat
Sun Sep 23, 2018 7:48 pm
Forum: Investing - Theory, News & General
Topic: TIPS in Portfoliovisualizer's Monte Carlo simulation
Replies: 4
Views: 517

TIPS in Portfoliovisualizer's Monte Carlo simulation

I'm experimenting with the Monte Carlo simulation in portfoliovisualizer.com, and I came across something I don't understand: the performance of a simple portfolio consisting 100% of TIPS, and nothing else. I would expect that every simulation run would end up with the same "portfolio end balance (i...
by NoHeat
Sun Sep 23, 2018 12:08 pm
Forum: Investing - Help with Personal Investments
Topic: How do I allocate social security in retirement?
Replies: 19
Views: 1890

Re: How do I allocate social security in retirement?

Should I consider my social security as income received from my fixed income portfolio? No. Just like a pension or fixed annuity, SS is a steady cashflow stream that offsets the expenses you must fund from a portfolio. If a retiree increased his expenses by switching to a better brand of Scotch, th...
by NoHeat
Sun Sep 23, 2018 11:42 am
Forum: Investing - Help with Personal Investments
Topic: 529 to 529 Rollover - when?
Replies: 6
Views: 676

Re: 529 to 529 Rollover - when?

529 rollovers are easy, but there’s one big gotcha:

You are permitted only one rollover to another 529 plan per twelve-month period for the same beneficiary.

That rule can be a real nuisance.
by NoHeat
Sun Sep 23, 2018 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Should I Care About My Credit Score if Debt Free?
Replies: 34
Views: 2601

Re: Should I Care About My Credit Score if Debt Free?

We don't have any loans in our family -- no mortgage, no car loans, no HELOCs, no student loans. We do have revolving credit in the form of credit cards, ... As far as I can tell our credit score, while pretty good, is also utterly useless to us Same for me. You are missing nothing. Credit scores m...
by NoHeat
Fri Sep 21, 2018 11:48 pm
Forum: Investing - Help with Personal Investments
Topic: Medallion Gold Signature
Replies: 16
Views: 2505

Re: Medallion Gold Signature

Since you had previously mentioned that you were considering moving the Roth funds elsewhere, the difference between a rollover and a direct transfer might be worth some attention. A direct trustee-to-trustee transfer (no cash distribution to you), of a Roth account to a Roth account, does not resul...
by NoHeat
Fri Sep 21, 2018 11:13 pm
Forum: Investing - Help with Personal Investments
Topic: Medallion Gold Signature
Replies: 16
Views: 2505

Re: Medallion Gold Signature

Is it true I can continue to add to a Roth IRA with MFS status? IRS Publications 590a and 54 might be your best reference. https://www.irs.gov/publications/p590a https://www.irs.gov/publications/p54#en_US_2017_publink100047579 Here's my non-expert take on it: P590a says that if you're "married fili...
by NoHeat
Thu Sep 20, 2018 9:57 pm
Forum: Personal Consumer Issues
Topic: Don't trust Tripadvisor reviews
Replies: 64
Views: 7017

Re: Don't trust Tripadvisor reviews

I write a lot of reviews on Tripadvisor. I suggest clicking on a reviewer’s name to see how many ‘helpful’ votes they’ve received — that’s a decent indicator of whether to disregard the reviewer. I would disregard a new reviewer that has few helpful votes. I have not experienced any whitewashing of ...
by NoHeat
Thu Sep 20, 2018 9:37 pm
Forum: Investing - Theory, News & General
Topic: Why should bond duration = investment horizon?
Replies: 45
Views: 2593

Re: Why should bond duration = investment horizon?

The OP asked a good question, and vineviz answered it.

Beyond that, there are many unfortunate posts in this thread.
by NoHeat
Wed Sep 19, 2018 11:19 pm
Forum: Personal Finance (Not Investing)
Topic: Physical Banking - Any benefits anymore?
Replies: 139
Views: 8816

Re: Physical Banking - Any benefits anymore?

- Notary for signature (I need this about once per year)
- Cashier's check, or withdraw ~$10k cash, to buy a used car (once per five years)
- Savings bond redemption (once per lifetime).

I don't need these often, but I do need them.
by NoHeat
Tue Sep 18, 2018 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: [Credit freezes and un-freezes are now free]
Replies: 58
Views: 2497

Re: New York Times--NYTimes: Freezing Credit Will Now Be Free. Here’s Why You Should Go for It.

Do you all recommend freezing your credit for your kids (age 5,3,1)? Any reason to/not to? Do babies have credit reports? Not normally, but they can if an identity thief applies for credit in the baby's name, and this does actually happen: https://www.experian.com/blogs/ask-experian/if-your-child-h...
by NoHeat
Tue Sep 18, 2018 4:34 pm
Forum: Investing - Theory, News & General
Topic: Equity in house / Do you use it?
Replies: 56
Views: 3555

Re: Equity in house / Do you use it?

A retired relative took out a reverse mortgage to help an adult child who always seemed to be short of money. It later turned out that junior had a drug habit, and he died of it. The reverse mortgage was a big mistake: it merely served to enable junior's drug habit, and to ruin the largest asset of ...
by NoHeat
Tue Sep 18, 2018 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: "Taking" RMDs
Replies: 18
Views: 1750

Re: "Taking" RMDs

What would happen with RMDs if your account was filled only with assets that are lumpy (e.g., a dozen shares of AMZN at $1941 per share), or illiquid (e.g., shares of a non-publicly-traded stock, like a family farm)?
by NoHeat
Tue Sep 18, 2018 3:52 pm
Forum: Investing - Theory, News & General
Topic: How can I buy ALIBABA and TENCENT stock?
Replies: 29
Views: 2654

Re: How can I buy ALIBABA and TENCENT stock?

How can I buy ALIBABA and TENCENT stock directly? I know for sure I'm not the only one interested in doing this. I want to DCA into these stocks over the next 5-10 years. $BABA and $TCEHY at your friendly neighborhood discount broker. You asked a simple question. Here's a simple answer. That's righ...
by NoHeat
Wed Sep 12, 2018 9:39 am
Forum: Personal Finance (Not Investing)
Topic: TIAA: Help with Payout Options
Replies: 24
Views: 1752

Re: TIAA: Help with Payout Options

You really should read the brochure that I linked earlier. It will help you to understand TIAA annuities. Here is the link again. https://www.tiaa.org/public/pdf/pubs/pdf/lifetime_retirement_income.pdf Thanks for the link. It mentions "TIAA’s Graded Payment Method is only available for vintages wit...
by NoHeat
Tue Sep 11, 2018 11:11 pm
Forum: Personal Consumer Issues
Topic: How often do you guys get alignment done on your cars?
Replies: 60
Views: 4047

Re: How often do you guys get alignment done on your cars?

At every oil change. And when I change tires. I buy the Firestone lifetime alignment when I first get a car. Thereafter, there's no charge for an alignment at a Firestone Complete Autocare store. So I do it whenever the car is in the shop. When I gave a car to my daughter, who moved to another state...
by NoHeat
Tue Sep 11, 2018 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: TIAA: Help with Payout Options
Replies: 24
Views: 1752

Re: TIAA: Help with Payout Options

My TIAA rep says that one can annuitize anytime before age 80, but not after. That’s for my employer’s contract — you might ask them about yours, just to be sure you don’t wait too long.
by NoHeat
Wed Sep 05, 2018 12:44 am
Forum: Investing - Help with Personal Investments
Topic: Does a 529 plan even make sense given the fees?
Replies: 5
Views: 540

Re: Does a 529 plan even make sense given the fees?

The phrase “don’t count your chickens before they hatch” comes to mind, when considering opening a 529 before having a child. If a college-bound child never materializes, the 529-owner will give up 10% of earnings when withdrawing funds for a “non-qualified” purpose, and while that’s not a horrible ...
by NoHeat
Tue Sep 04, 2018 9:44 pm
Forum: Investing - Help with Personal Investments
Topic: Mom had no idea she had over a mil in her Portfolio. What now?
Replies: 25
Views: 5267

Re: Mom had no idea she had over a mil in her Portfolio. What now?

As for what to do now, I think the portfolio requires nothing drastic or immediate. The allocation looks like about 64% equity, 3% fixed income, 33% cash, if my quick glance is accurate. Deploy most of the cash into fixed income while leaving some for emergencies, and gently trim a few equity positi...
by NoHeat
Sun Sep 02, 2018 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 278
Views: 30258

Re: Umbrella insurance..who has it? Is it recommended?

Government agencies have guidelines for the value of a human life in the range of $7 million to $9 million. https://www.theglobalist.com/the-cost-of-a-human-life-statistically-speaking/ And an insurer in the aviation industry has told me that $7 million is about how much they take into account, in a...