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Cpadave

I have a small allocation of my investable assets in utilities (3%). I count this as equity. Right or wrong, during market downtown I feel a little more comfortable. But I know it is equity and a sector ( which can have added risk).

Cpadave

I am already retired and am updating my quicken retirement planner. What would be a good rate to use for future inflation and equity rate of return? I would think maybe given market somewhat overvalued maybe future return should be lowered. I was using 2.5% for inflation and 4% for rate of return o...

Cpadave

It would probably be a good idea to try your model with different numbers for those inputs to see how much trouble you might or might not be in if you guess wrong. Keep in mind when using expected returns that you can't expect to get the expected return. Yes, running multiple scenarios is a good way.

Cpadave

I am already retired and am updating my quicken retirement planner. What would be a good rate to use for future inflation and equity rate of return? I would think maybe given market somewhat overvalued maybe future return should be lowered. I was using 2.5% for inflation and 4% for rate of return on...

Cpadave

Good to know. I guess I haven’t been updating myself recently

Cpadave

Social security is not taxed in NY and NY exempts up to 20k of pension income from taxation. CT is a gross income taxation state. NY allows itemized deduction. CT highest tax rate is lower than NY

Cpadave

Today I noticed my credit card offers a benefit to monitor alerts of suspicious activity in my account. It says enroll for free. The service is provided by Generali Global assistant. I enrolled and activated the service. When I go in there, it seems to have good general monitoring of my credit and p...

Cpadave

I got the new policy renewal from Geico with small increase in umbrella and property. I am staying with them as they have been pretty good in the past. I will see what happens next year. Some increase is expected each year.

Cpadave

I order both from Amazon and Walmart. I think Walmart has improved a lot. These days they deliver faster than Amazon and at or lower price. Another nice thing they do is give you a nice discount if you are willing to delay delivery of some item in your shopping cart. I still order from Amazon, but W...

Cpadave

I didn’t see a type for joint with beneficiaries on that calculator. So I picked POD type. Not sure if that is correct. Using that, it gave a total of $1mil FDIC protection since we have 2 beneficiaries that are pod. Could that be true? $1mil protection for a joint account with 2 pod beneficiaries.

Cpadave

Thanks. That is helpful

Cpadave

Thanks
I based the 500k on this article

https://thecollegeinvestor.com/24307/fd ... it-limits/

Cpadave

I understand that a joint account gets 500k FDIC protection. If I open individual accounts with the same institution in my name and another in my wife’s name we can get another 500k of FDIC protection. If we want to have over $1mil of FDIC protection, I can do the same by opening in another institut...

Cpadave

Thanks. All great points to keep in mind.

Cpadave

Thanks for the comments. So the equity allocation should be set at a level that no matter the worse outcome, one will never sell due to even extreme risk. So I just need to find out what the % is

Cpadave

Supposed you have enough money for retirement, lets say 10m. And you decide to pick 80-90% equity as part of your investment plan. Would you stay the course in extreme risk event such as ww3, infectious disease completely out of control like in movies or other similar situations? Is there a situatio...

Cpadave

If mom sells the home for less than fmv, it will be considered a gift. You will also lose the step up basis as well.

Cpadave

Check with your electric company for any deals. I just got a winix model that sells on amazon for $240 for $87. This was from eversource.

Cpadave

Last year we also looked into paying off our mortgage for the same reason, we hated bonds. With tax benefit gone for us, we decided to pay off the mortgage with 7 years left on 15 years mortgage. So far I am very happy about our decision. It also feels great not having the big payment every month.

Cpadave

With school over soon and activities being limited due to corona, are they good resources to keep them busy and perhaps learn valuable skills ? I be interested in non online options also. Thanks in advance.

Cpadave

Multi-Year Guaranteed Annuities are backed up by state guarantee associations...not by the states. How good are these associations? They are probably good for a small number of insurance company failures....maybe not for a systemic failure. I wouldn't buy an annuity unless I'd studied my state asso...

Cpadave

Thanks, I've not yet looked into MYGA's, but I will now that you mention it - seen them mentioned in various threads before. I like to know easy it is to transfer funds out of the MYGA once the contracted rate expires (i.e., if there are more attractive options at that time) without adverse tax con...

Cpadave

softwaregeek wrote: ↑Wed May 20, 2020 10:37 am I could get 2.625 with a Merrill edge account with 100k balance and no Aim fee. Mm rate still bad, though.

Which card gives 2.625% back? Thanks

Cpadave

Thanks. So a 20 year corp bond tax I pay tax on income each year would need to be 4.03% coupon rate to give me the same return as the EE bond that would be income tax free on state and federal tax deferred for 20 years.

Cpadave

Lets say I plan to buy a 20 years corporate bond to maturity. At what annual rate of return would it match the return from EE bond? I am at 22% fed rate and 5.5% state. I am trying to see the amount of benefit from deferral and state tax free vs regular bond? Thanks in advance.

Cpadave

Interesting, good to know how it works. I am good with my 2% from massmutual for now.

Cpadave

I bought 3 years mass mutual for 2%. I was told these are guaranteed by my state insurance reserve for upto 300k. If that is the case, why not buy lower rating insurance company that pays a higher rate like 2.5% for up to 300k?

Cpadave

Not income. But I believe you can not deduct the amount used to pay payroll and other expenses.

Cpadave

Thanks again.

Cpadave

Thanks for your reply. Would increasing allocation to equity make sense? Given the potential for fixed income returns being lower over next decade if we will be anything like Japan or Europe. I know, no one can predict what the future holds.

Cpadave

I know allocation to equity and fixed income is based on personal risk tolerance and other factors. I was wondering how the knowledgeable folks on bogleheads would allocate if they were in my shoes. Facts: Current net worth of 9mil which includes paid off home worth around 1.2m. I am early 50’s and ...

Cpadave

The only profession I am aware that is not impacted by recession much is healthcare and k12 teaching. I am retired now, but I remember experiencing hard time finding job during recessions.

Cpadave

Thanks for the rely. I am also trying to change from corp bond into better quality for safety. Hope you can go on your cruise travel soon.

Cpadave

I have enough income to cover my expenses and somewhat more. I am not planning to sell stock.

Cpadave

I know boglehead is not the typical main street, but I think it will be interesting how all this is affecting us in real world. I myself am retired so no big concern about losing my job. I am currently living on portfolio income. I am sure that income will be reduced both for fixed income and equity...

Cpadave

Are there any diversified equity funds out there? I know there are few marketable investment like Berkshire that provides some diversification but still single stock with its own risks. Thanks

Cpadave

Thanks for the info. I will wait to end of March to install the new then.

Cpadave

Hello,

I have Quicken 2017 and have purchased the new quicken disk. Can I install the new quicken without activating it until April 15, 2020? Would installing the new quicken remove my old quicken? Thanks

Cpadave

Is Fidelity having issues now? I was trying to place order and it disappeared. I log out and logged back in, and now show 0 account balance

Cpadave

Does it cost quicken much to do downloads from financial institutions? I be happy with no future updates. I pay because there is no other good choice out there. Wish the higher cost (subscription) will encourage other companies to bring out good alternative

Cpadave

If you ended your CA domicile and residency, CA can not tax your capital gain after the move. You need to file a part year resident for duration you were CA resident and pick up all income during that period. All income after that period will be taxed in your new state

Cpadave

There's a simple solution to using a password manager but to prevent a hacker from getting your passwords even if they get access to your password manager. Anyone care to guess? you can have a word or phrase at the end of the password that LastPass or whatever password manager you're using stores. ...

Cpadave

Thank You for the advice. I see preferred method is a password manager. Is it not possible for an employee of a password manager company to somehow get access to your password? Could they not install malware or virus if the employee objective is to do harm? Are password managers 100% secure? Is the...

Cpadave

I use PWSafe which is free and open source. It can be totally offline if you wish, or online by simply placing the encrypted file in a cloud location. Someone would have to break the Twofish algorithm to do anything with that file which seems unlikely at this time. I think your biggest threats afte...

Cpadave

Thank You for the advice. I see preferred method is a password manager. Is it not possible for an employee of a password manager company to somehow get access to your password? Could they not install malware or virus if the employee objective is to do harm? Are password managers 100% secure? Is ther...

Cpadave

So I have been trying to enhance my internet security recently and have taken the following steps; Using a dedicated device (laptop) connected directly to cable modem (no Wi-Fi). The device is only used for logging into my financial accounts on the web, Quicken and tax preparation program. I also ha...

Cpadave

I don’t think a revocable trust protects against medicate or assets. You would need a irremovable trust for that. Revocable trust does help with probate, but there are other ways to accomplish that.

Cpadave

I lost more than half of net worth in 2008 investment in leveraged closed end fund. As the market went down, they had to sell out the stocks inside the fund. So when market finally recovered, I couldn’t even get back to where I was. I wished they just banned these types of investment vehicles. They ...

Cpadave

Thank You for the very informative reply. That was very helpful.

Cpadave

Thank for info and advice.

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