Search found 120 matches

by Dinosaur Dad
Mon Apr 09, 2018 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Easily digestible info/blog on finances for spouse?
Replies: 35
Views: 2587

Re: Easily digestible info/blog on finances for spouse?

I'm a big fan of Jonathan Clements. She could check out his blog and just select topics of interest.
by Dinosaur Dad
Sun Apr 01, 2018 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: What age is the best to give a child control of an inheritance?
Replies: 192
Views: 11695

Re: What age is the best to give a child control of an inheritance?

Successor trustee and co-corporate trustee and or trust protector. Incremental distributions. Spendthrift provisions. Provisions to limit redirection of funds not for her benefit, etc, etc. Refer to “Beyond the Grave” by Condon. J🌺🌺🌺 +1/ We are redoing our plans and "Beyond the Grave" is just outst...
by Dinosaur Dad
Fri Mar 23, 2018 8:49 am
Forum: Investing - Theory, News & General
Topic: Working till retirement is not a great plan
Replies: 175
Views: 14223

Re: Working till retirement is not a great plan

At a high level most people are employed past 60. That is an indisputable fact. Look at the average retirement age:) Most are even in the same job. That isn't any comfort though if you are one of the ones that is fired and then can't find employment. To some extent that is random luck (i.e. google ...
by Dinosaur Dad
Fri Mar 23, 2018 8:46 am
Forum: Investing - Theory, News & General
Topic: Working till retirement is not a great plan
Replies: 175
Views: 14223

Re: Working till retirement is not a great plan

Seems to me that the work world's moving inexorably toward the gig economy. Anyone who's an entrepreneur is already working under the assumption that you have to be continually filling the pipeline, building your brand, etc, so they already live with the uncertainty and have it on the radar. But for...
by Dinosaur Dad
Mon Mar 12, 2018 6:50 pm
Forum: Personal Consumer Issues
Topic: Finally Cutting the Cord - YouTube TV
Replies: 40
Views: 6180

Re: Finally Cutting the Cord - YouTube TV

I changed from my Optimum triple play to: Optimum internet $49.99 & tax Playstation Vue $49.99 (lowest level, includes local tv and all of the cable stations I want, ESPN, etc) Roku plug in device for 4 TVs (one time cost of $39 per TV) For my landline phone, I changed to Magic Jack. Will cost $39 f...
by Dinosaur Dad
Fri Mar 09, 2018 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Why (or why not) use an advisor
Replies: 42
Views: 2232

Re: Why (or why not) use an advisor

Warren Buffet has spoken out on this topic...and his comments really struck me. To quote the New York Times, quoting Buffet: In his letter, Mr. Buffett offered an unusually cogent, honest and blunt appraisal of the human behavior that drives individuals with money to avoid index funds — and their wi...
by Dinosaur Dad
Fri Mar 09, 2018 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Why (or why not) use an advisor
Replies: 42
Views: 2232

Re: Why (or why not) use an advisor

I'm my wife's advisor (she has said so to her family when they were naming who their investment "guy" was. Not sure why it was always a "guy" but it was.) You have to be actively involved in your finances, so why not investing as well. Nobody else is going to care as much as you do. Just like car o...
by Dinosaur Dad
Thu Mar 08, 2018 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Why (or why not) use an advisor
Replies: 42
Views: 2232

Re: Why (or why not) use an advisor

The answer for me was simply that I don't feel that an advisor can guarantee better results than I can do on my own. The caveat is: are you willing to invest time to educate yourself and stick to the principles that many of us have discovered (e.g. low costs, diversification, understanding your risk...
by Dinosaur Dad
Mon Mar 05, 2018 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care: Excellent Morningstar article [75 Must-Know Statistics About Long-Term Care]
Replies: 23
Views: 2770

Re: Long Term Care: Excellent Morningstar article [75 Must-Know Statistics About Long-Term Care]

Many threads on this topic. I'm still assessing whether to self-insure; it's clear to me that there has been a ton of turmoil among LTC providers lately, so the market feels very uncertain to me. Many things to consider. I found this recent thread very helpful: https://www.bogleheads.org/forum/viewt...
by Dinosaur Dad
Fri Mar 02, 2018 11:11 pm
Forum: Personal Consumer Issues
Topic: Comparison of On-Demand TV Provider features
Replies: 13
Views: 832

Re: Comparison of On-Demand TV Provider features

Just converted to Roku streaming device (plug into back of TV) with Playstation Vue streaming subscription. Roku cost about $34 (one time) for each TV; base Playstation Vue is $40/month for the whole house. Includes DVR as noted. Working great, saves me $120/month over cable. Additionally, cut my la...
by Dinosaur Dad
Fri Mar 02, 2018 3:51 pm
Forum: Personal Consumer Issues
Topic: Re: Where to buy a Vanguard hat? An Update and good news
Replies: 143
Views: 25683

Re: Where to buy a Vanguard hat? An Update and bad news

Sorry, I don't know how to copy a pdf image. But here are the items on it. 1. Baseball cap $8.99 2 Stainless steel mug $14.99 3. Note Cube $4.99 4. Pen $1.29 5. Small Black journal $14.99 6. Bistro mug $7.00 7. Copper insulated travel mug $15.99 8. Compact umbrella $12.99 9. Soft shell (looks like ...
by Dinosaur Dad
Mon Feb 26, 2018 11:32 am
Forum: Local Chapters and Bogleheads Community
Topic: Nisiprius at 35,000 posts
Replies: 60
Views: 5165

Re: Nisiprius at 35,000 posts

Just incredibly knowledgeable, thoughtful, really knows how to look at all sides of the issue. You've helped so many...like me...realize how we have a lot still to learn! And that's a good thing! Thank you!
by Dinosaur Dad
Sun Feb 25, 2018 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance
Replies: 149
Views: 7925

Re: Long term care insurance

I am somewhat surprised the people are still interested in LTC policies. I know two elderly people who have had and used these policies. In both cases, as they aged, the insurance companies jacked the rates way up, to the point where one of them almost cancelled. I intervened and the payment was ma...
by Dinosaur Dad
Sun Feb 25, 2018 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: Amica reocurring double digit increases in homeowners insurance
Replies: 37
Views: 3357

Re: Amica reocurring double digit increases in homeowners insurance

I was a long time (20+ years) Amica person...then they abruptly dropped me completely when my then-19 year old got two speeding tickets. thank you for your loyalty. Since then, very good experience with Progressive. clark howard is an amica (and usaa) fan, but he cautions his listeners to only cons...
by Dinosaur Dad
Sun Feb 25, 2018 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance
Replies: 149
Views: 7925

Re: Long term care insurance

For me, right now my conclusion is to (1) set aside $500k in today's investments as specifically long term care money for me and my wife, and (2) potentially pull on other funds that are earmarked for child's legacy (investments and/or house equity), if that becomes necessary. High inflation on med...
by Dinosaur Dad
Sun Feb 25, 2018 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance
Replies: 149
Views: 7925

Re: Long term care insurance

I am not discounting the value of insurance. I have used and continue to use all sorts of insurance. I purchased term life insurance until i had enough assets to no longer need it. I have a high liability coverage for auto and home, and a very large umbrella policy. Our cars are all paid for, but w...
by Dinosaur Dad
Fri Feb 23, 2018 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance
Replies: 149
Views: 7925

Re: Long term care insurance

I found this article very helpful in illustrating some of the considerations:

http://www.theretirementmanifesto.com/w ... insurance/
by Dinosaur Dad
Fri Feb 23, 2018 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Bogleheads: What are you doing to prepare for dementia/alzheimers?
Replies: 60
Views: 5932

Re: Bogleheads: What are you doing to prepare for dementia/alzheimers?

As others have already advised: Durable Power of Attorney for financial, with an alternate named as well. The same for Medical Power of Attorney. An advanced care directive, stating your wishes about your care decisions. In addition, if this is truly a concern, I would write down how you want to be...
by Dinosaur Dad
Fri Feb 23, 2018 4:09 pm
Forum: Investing - Help with Personal Investments
Topic: Financial proposal from Adviser
Replies: 37
Views: 3642

Re: Financial proposal from Adviser

Pass. It doesn't matter what the plan is. The fees, expense ratios, sales loads, 12b-1 fees, etc are TOO high. Search "Edward Jones" and read the numerous threads. Many of us are escapees. Fees opened our eyes. http://www.dinkytown.net/java/CompareFees.html Play around with scenarios in this tool. ...
by Dinosaur Dad
Wed Feb 21, 2018 4:20 pm
Forum: Personal Consumer Issues
Topic: [What UN-frugal thing do you do? What do you splurge on?]
Replies: 567
Views: 38901

Re: What UN-frugal thing do you do?

Starbucks and Dunkin Donuts cards...pretty much addicted at this point.

Also pre-made salads at the grocery store. I don't want to know cost/lb.
by Dinosaur Dad
Mon Feb 19, 2018 2:28 pm
Forum: Investing - Theory, News & General
Topic: Chillin' in the BH Lounge
Replies: 46
Views: 5686

Re: Chillin' in the BH Lounge

jimmyq wrote:
Mon Feb 19, 2018 1:33 pm
The four percent rule is up for a fight
but a slow death may now be in sight
History shows it has never yet failed
but on bond rates it may be impaled
+1 Funny and yet makes a good point. Clever!
by Dinosaur Dad
Mon Feb 19, 2018 2:14 pm
Forum: Investing - Theory, News & General
Topic: How many of you use the "4% rule" during retirement?
Replies: 68
Views: 9330

Re: How many of you use the "4% rule" during retirement?

I don't use it because I know that my income needs will not be steady and will vary greatly in different phases of retirement. I retired when I was 59 so the first phase will include paying for health insurance, not social security income yet, and being very active and doing things like a fair amou...
by Dinosaur Dad
Sun Feb 18, 2018 6:40 pm
Forum: Investing - Theory, News & General
Topic: Chillin' in the BH Lounge
Replies: 46
Views: 5686

Re: Chillin' in the BH Lounge

Of investing, I used to be a real hack
I was chasing bad advice with few facts
Then one day I discovered
What the Bogleheads covered
And now I’m a lot more relaxed
by Dinosaur Dad
Sat Feb 17, 2018 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Amica reocurring double digit increases in homeowners insurance
Replies: 37
Views: 3357

Re: Amica reocurring double digit increases in homeowners insurance

I was a long time (20+ years) Amica person...then they abruptly dropped me completely when my then-19 year old got two speeding tickets. thank you for your loyalty. Since then, very good experience with Progressive.
by Dinosaur Dad
Sat Feb 17, 2018 10:08 am
Forum: Personal Consumer Issues
Topic: Best way to sell a Washer and Dryer
Replies: 11
Views: 1030

Re: Best way to sell a Washer and Dryer

In my area (southern connecticut) you can donate to "Restore" which benefits habitat for humanity. There may be one near you.
by Dinosaur Dad
Wed Feb 14, 2018 5:41 pm
Forum: Local Chapters and Bogleheads Community
Topic: Forum's 11th Birthday - Feb. 19th
Replies: 27
Views: 2395

Re: Forum's 11th Birthday - Feb. 19th

Congratulations to all. I would simply point out what I see as perhaps the greatest impact here: by helping so many people become financially literate...this forum has created a cascading legacy. By that I mean all of the other people beyond the forum (kids, parents, friends) who have benefited from...
by Dinosaur Dad
Wed Feb 07, 2018 12:50 pm
Forum: Investing - Theory, News & General
Topic: Stealing from the kids for our retirement [High valuations => depressed future returns expectations]
Replies: 54
Views: 5737

Re: Stealing from the kids for our retirement

Bogleheads....I thought the article was pretty good. I thought the thread title was....how shall I say....a flame. :happy Let's make this actionable . What is Clement's saying? That 10-year returns are highly likely to be below the historical average. Is he crazy for saying that? Nope. Seems like a...
by Dinosaur Dad
Tue Jan 30, 2018 1:59 pm
Forum: Investing - Help with Personal Investments
Topic: Bridge to retirement, pre tax and post tax bond allocations
Replies: 7
Views: 739

Re: Bridge to retirement, pre tax and post tax bond allocations

One benefit of having equities in taxable is being able to tax loss harvest when the market fluctuates downward. You say you plan not to draw from your IRAs until RMDs kick in, but you CAN always access them now that you're over 59.5. So in reality your accounts are all accessible and can/should be...
by Dinosaur Dad
Tue Jan 30, 2018 1:57 pm
Forum: Investing - Help with Personal Investments
Topic: Bridge to retirement, pre tax and post tax bond allocations
Replies: 7
Views: 739

Re: Bridge to retirement, pre tax and post tax bond allocations

OP, I would have 9 years worth of expenses in bonds and in the pre-tax acoounts. Since you wont have income for the nexr 9 years, I would withdraw the money from the pre-tax accounts to live on and to reduce future RMD. Have enough stocks in your after-tax accounts to achieve your AA. Gains in afte...
by Dinosaur Dad
Mon Jan 29, 2018 11:59 am
Forum: Investing - Help with Personal Investments
Topic: Bridge to retirement, pre tax and post tax bond allocations
Replies: 7
Views: 739

Re: Bridge to retirement, pre tax and post tax bond allocations

If I'm interpreting correctly, your taxable account is 100% stocks? You have 6-9 years of spending needs to get you to 67 or 70. Having ~1-2 years in Cash/CDs/Limited-Term tax exempt. Using Int-Term Tax-Exempt (Limited-Term) in taxable can get you Federal tax-exempt interest with lower risk in taxa...
by Dinosaur Dad
Sun Jan 28, 2018 8:17 pm
Forum: Investing - Help with Personal Investments
Topic: Bridge to retirement, pre tax and post tax bond allocations
Replies: 7
Views: 739

Bridge to retirement, pre tax and post tax bond allocations

Folks Looking for thoughts on a specific issue re: location of bonds in your portfolio. I have read many helpful threads on creating the "bridge" to retirement - more specifically, the bridge to age 70 when I plan to take social security and start RMDs (I'm 61). So the task is managing after tax inv...
by Dinosaur Dad
Thu Jan 25, 2018 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Almost 34 years old... Looking for Career Ideas with realistic High Earning Potential
Replies: 31
Views: 3510

Re: Almost 34 years old... Looking for Career Ideas with realistic High Earning Potential

the best advice I ever got was "find something you really like to do and then find a way to get paid for it." there are a lot of ways to think and reflect on the first part...who you are and what your skills and talents are. Here's a link to a free personality test that many of the people in my job ...
by Dinosaur Dad
Thu Jan 25, 2018 11:30 am
Forum: Investing - Theory, News & General
Topic: Question to Taylor and others regarding bucket approach in retirement
Replies: 54
Views: 4045

Re: Question to Taylor and others regarding bucket approach in retirement

...I have $2.2M in investable assets and I retired this year at 62. Plan on taking SS at 70, and have no work pension, so I’m living off my net egg. No debt, and own my home. Would like to keep growing my investments to give to charities. If I estimate $60K annual expenses, that is $600K in bonds a...
by Dinosaur Dad
Thu Jan 25, 2018 10:17 am
Forum: Investing - Theory, News & General
Topic: Question to Taylor and others regarding bucket approach in retirement
Replies: 54
Views: 4045

Re: Question to Taylor and others regarding bucket approach in retirement

I think that buckets (like the Christine Benz M'Star) are a helpful framework to think about how to manage your overall portfolio. My specific situation: Age 61, more or less retired, my assets are split about 60% in 401k/IRA and 40% posttax. I want to delay social security and RMDs until age 70. So...
by Dinosaur Dad
Thu Jan 25, 2018 9:30 am
Forum: Investing - Theory, News & General
Topic: Fidelity charging extra fee for Vanguard funds in 401k?
Replies: 31
Views: 2656

Fidelity charging extra fee for Vanguard funds in 401k?

Yet another watch-out when it comes to 401k fee structures. Excerpt from the full article (link below): Fidelity is the largest retirement-plan record keeper, administering more than $1.6 trillion in assets, or roughly 23% of the overall DC market. On Monday, InvestmentNews​ reported that the firm w...
by Dinosaur Dad
Tue Jan 23, 2018 12:45 pm
Forum: Personal Consumer Issues
Topic: Article: 8 Frugal and Forgotten Ways Your Great-Grandparents Made It through Hard Times
Replies: 29
Views: 5344

Re: Article: 8 Frugal and Forgotten Ways Your Great-Grandparents Made It through Hard Times

the simple principle I learned is that with a little creativity you can find lower cost substitutes for just about anything. I think back to growing up with 4 siblings and I think of all the ways my parents economized: vacation: camping, visit relatives, lots of lower cost options if you read about ...
by Dinosaur Dad
Tue Jan 23, 2018 12:37 pm
Forum: Investing - Help with Personal Investments
Topic: Losing job soon but have big nest egg -- problem?
Replies: 20
Views: 3145

Re: Losing job soon but have big nest egg -- problem?

Important consideration: as kids age, especially in HCOL area, your expenses for enrichment activities (sports, camps, music lessons) are going to be higher. You can certainly restrict this but my experience was that supporting their interests pays huge dividends later on in terms of development, ex...
by Dinosaur Dad
Sun Jan 21, 2018 11:52 pm
Forum: Investing - Theory, News & General
Topic: Vanguard opens special offices for $1 million clients
Replies: 115
Views: 28385

Re: Vanguard opens special offices for $1 million clients

Not sure why this thread was revived. But just today, looking over my funds and asset allocation... I like to have a position in Fidelity and T Rowe Price in addition to keeping the bulk of my funds at Vanguard...just to keep an eye out for other opinions and learning, no one place holds the keys to...
by Dinosaur Dad
Wed Jan 17, 2018 11:58 am
Forum: Investing - Theory, News & General
Topic: The Flexible Retirement Planner
Replies: 23
Views: 2938

Re: The Flexible Retirement Planner

It seems that the Monte Carlo analysis used in the software does not incorporate mean reversion; few MC tools do. This is a significant drawback because it is now understood that MC analysis overstates the 'tails' of return distributions (i.e. it predicts more very good sequences and very poor sequ...
by Dinosaur Dad
Wed Jan 17, 2018 11:57 am
Forum: Investing - Theory, News & General
Topic: The Flexible Retirement Planner
Replies: 23
Views: 2938

Re: The Flexible Retirement Planner

It seems that the Monte Carlo analysis used in the software does not incorporate mean reversion; few MC tools do. This is a significant drawback because it is now understood that MC analysis overstates the 'tails' of return distributions (i.e. it predicts more very good sequences and very poor sequ...
by Dinosaur Dad
Wed Jan 17, 2018 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Friend Got Laid Off - Advice Needed
Replies: 46
Views: 5483

Re: Friend Got Laid Off - Advice Needed

I was laid off about a year ago. I received some outplacement support via a company called Lee Hecht Harrison, but you can do a lot of the work on your own. Your friend needs a job search strategy and plan, with practical how-to advice on networking, resume building, identifying your focus companies...
by Dinosaur Dad
Thu Jan 11, 2018 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Trusts for adult Children
Replies: 203
Views: 12005

Re: Trusts for adults Children

Right now our will leaves everything to a trust, managed by my brother-in-law, who we consider to be trustworthy and knowledgeable. He would have the ability to move the assets to our son at his discretion (no set timetable). Lately, quite frankly, I've been having second thoughts - specifically ab...
by Dinosaur Dad
Mon Jan 08, 2018 10:15 pm
Forum: Investing - Help with Personal Investments
Topic: Should we keep this variable annuity?
Replies: 65
Views: 3936

Re: Should we keep this variable annuity?

Not sure if someone mentioned this...but Jane Bryant Quinn recommends annuityreview.com in her book, "how to make your money last." I have found her books in valuable so lends some credibility.
by Dinosaur Dad
Mon Jan 08, 2018 8:52 pm
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 363
Views: 41437

Re: Year 2000 retirees using the '4% rule' - Where are they now?

thanks for the post, certainly helps defend the 4% benchmark. To me, the issue now, for those of us approaching retirement is the prospect of lower-than-historic returns...at least for the immediate horizon. I know that none of us can predict, but the fact that Jack Bogle has cited this possibility ...
by Dinosaur Dad
Mon Jan 08, 2018 8:43 pm
Forum: Forum Issues and Administration
Topic: Help me understand question-less financial status (e.g. "2 comma club") threads.
Replies: 175
Views: 11504

Re: Help me understand question-less financial status (e.g. "2 comma club") threads.

Because money is so taboo, I think there's a lot of value in these open and honest threads. I'm happy for those who made their number, but in the spirit of the Bogleheads, the value is in each providing yet another case study of what they did to get there.
by Dinosaur Dad
Sun Jan 07, 2018 7:22 am
Forum: Personal Finance (Not Investing)
Topic: Trusts for adult Children
Replies: 203
Views: 12005

Re: Trusts for adults Children

Right now our will leaves everything to a trust, managed by my brother-in-law, who we consider to be trustworthy and knowledgeable. He would have the ability to move the assets to our son at his discretion (no set timetable). Lately, quite frankly, I've been having second thoughts - specifically ab...
by Dinosaur Dad
Sat Jan 06, 2018 11:08 pm
Forum: Personal Finance (Not Investing)
Topic: Trusts for adult Children
Replies: 203
Views: 12005

Re: Trusts for adults Children

Right now our will leaves everything to a trust, managed by my brother-in-law, who we consider to be trustworthy and knowledgeable. He would have the ability to move the assets to our son at his discretion (no set timetable). Lately, quite frankly, I've been having second thoughts - specifically abo...
by Dinosaur Dad
Sat Jan 06, 2018 6:42 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking advice on setting up retirement cash flow
Replies: 22
Views: 2082

Re: Seeking advice on setting up retirement cash flow

One more thought. For helping out your kid with grad school one option to look into would be to give him or her shares of a mutual fund with a lot of capital gains and let them sell it. They might be old enough to avoid the kiddie tax but I am not sure of all the details on how that works. Good tho...
by Dinosaur Dad
Sat Jan 06, 2018 3:34 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking advice on setting up retirement cash flow
Replies: 22
Views: 2082

Re: Seeking advice on setting up retirement cash flow

DD, sorry for your situation. I am basically same age and somewhat worried about same thing happening to myself. You appear to be in pretty decent fiscal shape and lots of good advice already given by fellow BHs. My only additional advice, if not already given, is to read all or the key chapters of...
by Dinosaur Dad
Sat Jan 06, 2018 1:36 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking advice on setting up retirement cash flow
Replies: 22
Views: 2082

Re: Seeking advice on setting up retirement cash flow

I might have missed it with all the details but you might want to edit your post to make it clearer what your total amount is in Roth, IRA/401k, and taxable accounts. I’m seeking to produce about $115k How much Social Security will you and your spouse get a various ages? It often makes sense for on...