Search found 70 matches

by CZjc1330
Fri Apr 10, 2020 12:47 pm
Forum: Investing - Theory, News & General
Topic: Rebalancing for retirees: one direction, both or none?
Replies: 12
Views: 1005

Re: Rebalancing for retirees: one direction, both or none?

It really depends on $$amount of your portfolio (if it is far, far beyond your needs just about any distribution will be enough. During my working years up to age 50, I was 100% equities. At age 50 I changed to 50-50 It has held up well. Years ago when TIAA was really client-oriented as Carnegie mea...
by CZjc1330
Fri Apr 10, 2020 12:46 pm
Forum: Investing - Theory, News & General
Topic: Rebalancing for retirees: one direction, both or none?
Replies: 12
Views: 1005

Re: Rebalancing for retirees: one direction, both or none?

It really depends on $$amount of your portfolio (if it is far, far beyond your needs just about any distribution will be enough. During my working years up to age 50, I was 100% equities. At age 50 I changed to 50-50 It has held up well. Years ago when TIAA was really client-oriented as Carnegie mea...
by CZjc1330
Thu Mar 19, 2020 5:06 pm
Forum: Personal Investments
Topic: When will S&P 500 go back to 3386 ?
Replies: 98
Views: 6246

Re: When will S&P 500 go back to 3386 ?

Too deep this time, too many will be unemployed, tourism/travel business will change dramatically = goodbye enormous cruise ships, and on and on. It will be a changed America.

So my guess is 5 years. 2025. I am buying mucho Total Market with that date in mind.
by CZjc1330
Sun Feb 16, 2020 11:43 pm
Forum: Personal Finance (Not Investing)
Topic: Retire this summer, or work another academic year?
Replies: 28
Views: 3146

Re: Retire this summer, or work another academic year?

Congrats!! So far so good! But suggest you work until you secure health benefits. Very important. Next, it does seem like you are funding your retirement plan to the fullest. Forced yourself to Max out for the next two years. Take this summer off. Do something really excititing and vigorous. You'll ...
by CZjc1330
Wed Feb 05, 2020 12:01 am
Forum: Personal Consumer Issues
Topic: Parents' would like fabulous 80th birthday family trip
Replies: 33
Views: 3586

Re: Parents' would like fabulous 80th birthday family trip

A great trip is a cruise down to Panama, transit the canal and wind up on the other coast. Since a number of potential participants live in California you could start on the West Coast and end up in NYC. Then a week there -- Broadway, Carnegie Hall, and Lincoln Center plus museums for every taste. F...
by CZjc1330
Sun Feb 02, 2020 2:10 pm
Forum: Personal Investments
Topic: Allocations, Timing, and Practicing What is Preached (Stay the Course)
Replies: 7
Views: 575

Re: Allocations, Timing, and Practicing What is Preached (Stay the Course)

I respond to Silverado.Background: I have too many Mutual funds/ ETFs. Over 40, for 25 yrs. All have done well but my goal is to get to a 3 or 4 fund/etf portfolio. I think the market is very high. So over the past 3 years, I have sold gains and moved cash to Vang. MM. I think we are way overdue for...
by CZjc1330
Sun Feb 02, 2020 8:02 am
Forum: Personal Investments
Topic: Allocations, Timing, and Practicing What is Preached (Stay the Course)
Replies: 7
Views: 575

Re: Allocations, Timing, and Practicing What is Preached (Stay the Course)

My two cents. If you are a multi-millionaire (10 million or more) you can hold the line, stay the course because you can meet family needs for years in a declining market. But if you have 4 M or less, and are retired, you might want to be intelligently flexible. The market is sliding down this year....
by CZjc1330
Sun Jan 26, 2020 9:00 pm
Forum: US Chapters
Topic: South Florida Local Chapter
Replies: 452
Views: 113011

Re: South Florida Local Chapter

I live in Palm Beach Gardens. Wld like to attend mtgs. But these emails are very dated. What's new for 2020? TKS.
by CZjc1330
Sun Dec 29, 2019 2:35 pm
Forum: Personal Investments
Topic: Confused on IRA Inheritance Rules
Replies: 4
Views: 596

Confused on IRA Inheritance Rules

Need guidance. TKS. A lot of confusion over the past few years. I understand spouse inherits IRAs tax-free. Is that correct? BUT non-spousal heirs, ie nephews, etc. to pay hefty taxes based on their incomes. Is that right? Any strategies to provide heirs more funds. TIAA, Vanguard, and Fidelity refu...
by CZjc1330
Fri Dec 27, 2019 11:41 am
Forum: Personal Investments
Topic: Retirement and Taxable Investment Account
Replies: 10
Views: 826

Re: Retirement and Taxable Investment Account

Good Grief!! Haven't you complicated your life?? At your income why not just pick a 2 or 3 fund portfolio. AND enjoy your good fortune? Just a suggestion.
by CZjc1330
Wed Dec 04, 2019 10:40 pm
Forum: Personal Consumer Issues
Topic: Two factor authentication codes
Replies: 11
Views: 875

Re: Two factor authentication codes

A small, very small, inconvenience to provide needed safety.
Bring it on! And thank you! :D
by CZjc1330
Tue Dec 03, 2019 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Digging my parents out of debt
Replies: 28
Views: 3115

Re: Digging my parents out of debt

Hi All
A lot of tough love here. BUT extremely good advice. Good Luck!!
by CZjc1330
Mon Dec 02, 2019 1:21 am
Forum: Personal Finance (Not Investing)
Topic: More retirees have a mortgage
Replies: 134
Views: 10922

Re: More retirees have a mortgage

The study as noted is flawed. I paid off my mortgage long before I retired. Probably influenced by parents who lived during the depression and saw a lot of misery. Yes, I am frugal used to keep cars for at least 7 years. But then got married and little lady had other ideas. Oh well ... I agree that ...
by CZjc1330
Fri Nov 15, 2019 1:08 pm
Forum: Personal Investments
Topic: Mortgage? Pay cash?
Replies: 49
Views: 4084

Re: Mortgage? Pay cash?

In my humble opinion -- don't sound humble at all, eh wot!? Okay in my biased opinion, I don't think anyone should enter retirement with a mortgage. Circumstances may vary. Smart of you to seek input!! :sharebeer Others have made good"economic" arguments. They are valid. Perhaps you should work a fe...
by CZjc1330
Fri Nov 15, 2019 1:58 am
Forum: Personal Finance (Not Investing)
Topic: Study ranks 4,500 colleges by net present value of 40 year ROI
Replies: 52
Views: 7163

Re: Study ranks 4,500 colleges by net present value of 40 year ROI

note to augryphon In the old days Pharmacy was 4 yrs for a bachelor's. A Doctorate was another 4 years plus. Now they have a 5 yr program and you graduate w/ a doctorate!! Can you believe that? :oops: What nonsense but it's all show business and marketing. I think the list is bogus on so many levels...
by CZjc1330
Wed Nov 13, 2019 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Online MBA - Worth It?
Replies: 30
Views: 2395

Re: Online MBA - Worth It?

Tons of useful information and advice here. Clearly contributors are intelligent, knowledgeable and trying to help. MBA programs were oversold although in the beginning they were worthy of consideration. Many benefitted. Not any more; be careful. If you can't go to one of the excellent schools be ve...
by CZjc1330
Wed Nov 13, 2019 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Online MBA - Worth It?
Replies: 30
Views: 2395

Re: Online MBA - Worth It?

Tons of useful information and advice here. Clearly contributors are intelligent, knowledgeable and trying to help. MBA programs were oversold although in the beginning they were worthy of consideration. Many benefitted. Not any more; be careful. If you can't go to one of the excellent schools be ve...
by CZjc1330
Tue Nov 12, 2019 11:50 pm
Forum: Personal Finance (Not Investing)
Topic: Online MBA - Worth It?
Replies: 30
Views: 2395

Re: Online MBA - Worth It?

Nope, an online MBA would not be worth it. They are cash cows for strapped institutions. In reality most MBAs are a waste of time and money. There is a glut of grads out there who can't get relevant jobs. Too many have been produced. Not enough jobs exist. Google MBA. The good MBAs are listed, those...
by CZjc1330
Sun Nov 10, 2019 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Cashing EE bonds
Replies: 12
Views: 711

Re: Cashing EE bonds

First of all CONGRATULATIONS!! Smart move. :moneybag My CU will not cash them but most banks do. Don't forget to deduct taxes. If once a month isn't too much of a hassle, do that. Bank may set up an easy procedure for you. Nowadays, 4 % is a very good return. So hold on as long as you can! :beer
by CZjc1330
Fri Nov 08, 2019 6:26 pm
Forum: Personal Consumer Issues
Topic: Should I Travel ot Ecuador?
Replies: 51
Views: 4469

Re: Should I Travel ot Ecuador?

I reported on what actually happened. Ecuador has had many incidents of lawlessness. More than other Latin American countries. It just has. I have lived in 14 Latin American countries, my Ph. D. is in Latin American history. I have followed that part of the world for over 60 years, I'm pushing 85. S...
by CZjc1330
Fri Nov 08, 2019 6:16 pm
Forum: Personal Consumer Issues
Topic: Should I Travel ot Ecuador?
Replies: 51
Views: 4469

Re: Should I Travel ot Ecuador?

Don't twist my words. I reported on what actually happened. Further, Ecuador has had many incidents of lawlessness. More than other Latin American countries. It just has,
by CZjc1330
Fri Nov 08, 2019 5:39 pm
Forum: Personal Consumer Issues
Topic: Should I Travel ot Ecuador?
Replies: 51
Views: 4469

Re: Should I Travel ot Ecuador?

I would not go. A colleague prof. took a group and his wife. They were in a bus at night time, stopped by road side bandits, his wife who spoke Spanish began to complain to the bandits. One of them a young men pulled out a gun and shot her dead! Everybody was robbed, the girls were fondled, etc. The...
by CZjc1330
Tue Nov 05, 2019 6:53 pm
Forum: Investing - Theory, News & General
Topic: Vanguard without Jack Bogle - Allan Roth
Replies: 28
Views: 4964

Re: Vanguard without Jack Bogle - Allan Roth

lot of interesting and useful comments. Also some Chamber Music playing while the Titanic sank mentality. A few points. Once Bogle built a consumer-oriented company, internal players lusted for more control, more money. In short they wanted to be more like "Wall Street Firms." He fought them off. Bu...
by CZjc1330
Sat Nov 02, 2019 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: how does Personal Umbrella Insurance work?
Replies: 28
Views: 2974

Re: how does Personal Umbrella Insurance work?

Yes, 'tis good to read. I too found GEICO umbrella simple and to the point. Check them out; and purchase, say one M today. You can always add more. At least you will be covered for the most basic problems. Then study other policies -- it will take time if you want to be very careful, thoughtful, etc...
by CZjc1330
Sat Nov 02, 2019 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: how does Personal Umbrella Insurance work?
Replies: 28
Views: 2974

Re: how does Personal Umbrella Insurance work?

To the point I rec it. It's not expensive and as the kids say: Life happens. Most people can get by w/ 1 million. But if you are high net worth, over 10 Million, go for the 3 M coverage. I was an academic administrator for nearly 50 years and saw multiple examples of where it helped people. We live ...
by CZjc1330
Fri Nov 01, 2019 10:05 am
Forum: Investing - Theory, News & General
Topic: Fitness Bank Savings Accounts Drops Rates -- 2.60%
Replies: 3
Views: 565

Re: Fitness Bank Savings Accounts Drops Rates -- 2.60%

Good information. Thanks. I fear the Fed Reserve will cut rates again next year. Tough for conservative seniors trying to squeeze out a few bucks from a "safe" source.
by CZjc1330
Fri Nov 01, 2019 9:56 am
Forum: Personal Consumer Issues
Topic: How often do you allow your dentist to x-ray your teeth?
Replies: 19
Views: 1891

Re: How often do you allow your dentist to x-ray your teeth?

I live in FL. Most dentists try to x-ray once a year. But the Am. Dental Associa. out of Wash., DC recommends once every two years. Yes, less radiation than in the bad old days, but it's a profitable endeavor for some dentists. AARP had an article a few years ago, they rec. every two years as well. ...
by CZjc1330
Sat Oct 26, 2019 5:34 am
Forum: Personal Finance (Not Investing)
Topic: I no longer plan on retiring early
Replies: 110
Views: 16365

Re: I no longer plan on retiring early

First of all Congratulations on reaching a goal and adjusting to a new reality! Goals are great and I encourage them. But one must remain flexible. Times and circumstances change. 'Tis true when one is truly financially independent one is liberated and goals frequently change. A blessed state of aff...
by CZjc1330
Thu Oct 24, 2019 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Visa Card Bonus for Adding A User, Anybody Know what happens next?
Replies: 17
Views: 1254

Re: Fidelity Visa Card Bonus for Adding A User, Anybody Know what happens next?

I was worried as I read your message. Many red flags. Etc.
But you suggested a solution at the end == "forget it."
I think that would be the best course of action. Sometimes we take unnecessary risks. Best to reflect many times and do nothing. Best Wishes!
by CZjc1330
Thu Oct 17, 2019 9:19 am
Forum: Investing - Theory, News & General
Topic: A real world answer. What happens to a stock when a company goes bankrupt?
Replies: 15
Views: 5524

Re: A real world answer. What happens to a stock when a company goes bankrupt?

It can be used as expensive wallpaper. :oops: My strategy is if a stock/ mutual fund goes up 20% re-examine. Is it worth keeping or pull out the 20% or sell it all. 20% is a wonderful profit. On the other hand, if the investment drops 20% == sell. Take your loss and move on. I know a bit conservativ...
by CZjc1330
Thu Oct 17, 2019 9:17 am
Forum: Investing - Theory, News & General
Topic: A real world answer. What happens to a stock when a company goes bankrupt?
Replies: 15
Views: 5524

Re: A real world answer. What happens to a stock when a company goes bankrupt?

It can be used as expensive wallpaper. :oops: My strategy is if a stock/ mutual fund goes up 20% re-examine. Is it worth keeping or pull out the 20% or sell it all. 20% is a wonderful profit. On the other hand, if the investment drops 20% == sell. Take your loss and move on. I know a bit conservativ...
by CZjc1330
Tue Oct 15, 2019 9:41 am
Forum: Personal Finance (Not Investing)
Topic: What’s the proper way to pay yourself in retirement?
Replies: 66
Views: 9067

Re: What’s the proper way to pay yourself in retirement?

Some excellent comments here, as usual!! :sharebeer I retired at 71, screaming and kicking, but the little lady insisted. Ergo, the RMD, SS, and pensions all kicked in at the same time. It has been more than enough. Lotta cruises, trips at the beginning but after 13 years less nowadays. If you can (...
by CZjc1330
Mon Oct 14, 2019 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: poor Boglehead sending my kids to college
Replies: 69
Views: 6133

Re: poor Boglehead sending my kids to college

First of all Congrats to you and your wife! :sharebeer Careful and intelligent planning. I was a prof and an administrator at several colleges/universities for over a 50 yr period. From Liberal Arts college in Penn. to several private universities and then two large state universities. IMHO Liberal ...
by CZjc1330
Thu Mar 29, 2018 6:05 pm
Forum: Personal Investments
Topic: Jim Lowell's track record?
Replies: 1
Views: 671

Jim Lowell's track record?

Jim Lowell writes an intriguing newsletter about Fidelity Funds.
Has anyone had any experience with his predictions? TKS
by CZjc1330
Thu Mar 29, 2018 4:42 pm
Forum: Investing - Theory, News & General
Topic: How old were you when you started spending your “principal”?
Replies: 90
Views: 11110

Re: How old were you when you started spending your “principal”?

I'm 83 and I haven't touched principal yet. Receive my Req Min Distri on Dec. 15 -- that plus pension, SS makes up my budget for the next year. Never spend beyond that income.
by CZjc1330
Thu Mar 29, 2018 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Should I loan my child money for college?
Replies: 73
Views: 6999

Re: Should I loan my child money for college?

Frankly, you can't afford to lend her money. Besides most loans to family aren't paid, leads to acrimony, jealousy, etc. I have lent money to 5 relatives only one is paying me back but at such low amounts, I may never be paid in full. Could your daughter attend a local community college for the firs...
by CZjc1330
Fri Mar 23, 2018 5:47 pm
Forum: Personal Consumer Issues
Topic: Costco Kirkland Brand Liquor
Replies: 63
Views: 11965

Re: Costco Kirkland Brand Liquor

I have a good friend who is frugal but not cheap. He always has bottles of Genlivet at his parties. I have known him for 15 years. I love Glenlivet on the rocks. I'm not a heavy drinker - only one or two drinks a couple times a week. Always enjoy his Glenlivet :D He confessed to me last year that hi...
by CZjc1330
Sun Mar 18, 2018 10:58 pm
Forum: Personal Finance (Not Investing)
Topic: At what point does it make sense to pay down your mortgage?
Replies: 76
Views: 10156

Re: At what point does it make sense to pay down your mortgage?

Unless you have a very low mortgage rate say 3 1/4%, it is always good to pay down your mortgage as time goes by. The feeling of not having a mortgage payment is exhilarating, liberating and calming. You really sleep much better at night. Secondly, forget what banks and real estate salesmen tell you...
by CZjc1330
Sun Mar 18, 2018 7:24 pm
Forum: Investing - Theory, News & General
Topic: TIAA traditional question
Replies: 14
Views: 1803

Re: TIAA traditional question

Dear Beardsworth
Thank you for the corrections.
Still, my main point was Tiaa isn't our father's Tiaa.
Investor beware. You can do better!
by CZjc1330
Sun Mar 18, 2018 1:36 pm
Forum: Personal Consumer Issues
Topic: Soft boxer shorts for men
Replies: 28
Views: 4216

Re: Soft boxer shorts for men

I guess Bogleheads want "to cover" everything.

BUT this topic is really way, way off topic.
by CZjc1330
Sun Mar 18, 2018 1:28 pm
Forum: Investing - Theory, News & General
Topic: TIAA traditional question
Replies: 14
Views: 1803

Re: TIAA traditional question

I first enrolled in TIAA/CREF in 1959. I fear most of the respondents are living in the past. Andrew Carnegie set up TIAA in the early 1900s because he was shocked that most college professors did not have any pension income. For some 70 years, Tiaa/Cref was non-profit and true to Carnegie's plan to...
by CZjc1330
Fri Mar 16, 2018 12:34 am
Forum: Investing - Theory, News & General
Topic: PSA: Vanguard Drops The Ball (Cost Basis Issue)
Replies: 24
Views: 5239

Re: PSA: Vanguard Drops The Ball (Cost Basis Issue)

I have been with Vanguard for over 30 years. I have noticed (suffered thru) a change in efficiency and service over the past 10 years. The customer service people have morphed into salespeople and try very hard to have me sign up for their managed asset program. The analysis by two different persons...
by CZjc1330
Sun Mar 11, 2018 9:28 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 4383
Views: 1251737

Re: What Book Are You Currently Reading? Part VI

David and Goliath.
A series of loosely related chapters about very interesting topics and author Malcom Gladwell is erudite without being pedantic.
by CZjc1330
Sun Mar 11, 2018 9:23 pm
Forum: Personal Investments
Topic: Ok fellow bogleheads, was the correction scary or nothing?
Replies: 147
Views: 13696

Re: Ok fellow bogleheads, was the correction scary or nothing?

Absolutely nothing because it corrected so quickly. I expect a 10 to 15% correction w/in 15 months. So I peeled off last three-year paper profits and hold that portion in cash. (Since it is a tax-deferred account, I did not have to pay any taxes.) When the market drops 15%, I'll dollar cost purchase...
by CZjc1330
Sun Mar 11, 2018 12:30 pm
Forum: Personal Consumer Issues
Topic: Men's Cologne
Replies: 66
Views: 7035

Re: Men's Cologne

Gave up colognes and aftershaves years ago. Use scented oil. (Check out Ebay, etc.) A lot more subtle, less expensive and lasts forever. Since oils are not alcohol based scent does not evaporate. Just dab a little around both temples. Lasts all evening. Usually, oils come in a small container with a...
by CZjc1330
Fri Jan 19, 2018 7:59 am
Forum: Personal Finance (Not Investing)
Topic: Considering PhD...but so much to consider...
Replies: 51
Views: 4772

Re: Considering PhD...but so much to consider...

Getting a Ph. D. is not only a financial decision. Altho you are wise to factor it in. Got dizzy reading all the responses, good as they were. At one time I urged my students to get a Ph.D. at all costs. But the world has changed. For the past 20 yrs, I advise them to consider it if someone else wil...
by CZjc1330
Tue Jan 02, 2018 5:18 pm
Forum: Personal Investments
Topic: Investing in Vanguard through TIAA-CREF
Replies: 41
Views: 5701

Re: Investing in Vanguard through TIAA-CREF

When I said I would not buy Vanguard thru TIAA, I assumed TIAA was charging more than if you went directly to Vanguard. They have become sneaky, so I am leery of them. But if you are tied in with them -- that's it. Yes, don't give up your institution's healthy 10% contribution. Max out -- and even m...
by CZjc1330
Tue Jan 02, 2018 12:21 pm
Forum: Personal Investments
Topic: Investing in Vanguard through TIAA-CREF
Replies: 41
Views: 5701

Re: Investing in Vanguard through TIAA-CREF

I am a retired college prof and administrator. TIAA used to be a straight shooter, following Andrew Carnegie's desire to help professors have a decent retirement. But a few decades ago TIAA dropped being non-profit and became very aggressive salespersons. They are presently being sued by former empl...
by CZjc1330
Sun Dec 31, 2017 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Question on Mortgage Interest deduction under Trump Tax
Replies: 13
Views: 2929

Re: Question on Mortgage Interest deduction under Trump Tax

I jump in again on Q of Equity Loan deductibility. I quote from Bankrate. "How does the tax reform bill affect the home equity loan market? "In the past, homeowners who took out home equity loans were able to deduct the loan’s interest up to $100,000 from their taxes. Under the new tax bill, this de...
by CZjc1330
Sun Dec 31, 2017 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Confusion about prepaying property taxes
Replies: 139
Views: 17209

Re: Confusion about prepaying property taxes

Also, note deduction for home equity loans are gone. "How does the tax reform bill affect the home equity loan market?" "In the past, homeowners who took out home equity loans were able to deduct the loan’s interest up to $100,000 from their taxes. Under the new tax bill, this deduction is a thing o...