Search found 176 matches

by dave1054
Fri Oct 09, 2020 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: How to transition from Spousal to Own SS benefit?
Replies: 39
Views: 2962

Re: How to transition from Spousal to Own SS benefit?

We are in complete opposite position wanting to transition from own SS benefits to spousal. I cannot figure out how to do online. Will do with phone call. Ugh!
by dave1054
Fri Oct 09, 2020 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Spousal SS benefits
Replies: 7
Views: 1358

Re: Spousal SS benefits

Sorry to beat a dead horse, but I am getting conflicting info. I do not see anyway to file online for spousal benefits for a spouse already receiving SS. Her benefits are less than 50% of mine. It does not appear the change is done automatically and the person I spoke with from SS administration app...
by dave1054
Sat Oct 03, 2020 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Spousal SS benefits
Replies: 7
Views: 1358

Spousal SS benefits

My wife started receiving SS benefits at age 66 in February 2020. I just got approval in October 2020 at age 66 to receive first payment fourth week in November. My wife’s benefits is about 25% of mine. Does she need to apply for spousal benefits or does SS Administration automatically increase her ...
by dave1054
Sat Oct 03, 2020 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Applying for Social Security
Replies: 11
Views: 1287

Re: Applying for Social Security

Thanks everyone. Just got approval letter. đź‘Ť
by dave1054
Thu Oct 01, 2020 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: Applying for Social Security
Replies: 11
Views: 1287

Re: Applying for Social Security

I wonder if the delays are due to Covid?
by dave1054
Thu Oct 01, 2020 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: Applying for Social Security
Replies: 11
Views: 1287

Applying for Social Security

Submitted application online at SS website on 6/15/20 for benefits to beginning at age 66 beginning in October 2020. It still says application pending. No request for additional documents. Straightforward application. How long should application process take? Is there anyway to follow up without goi...
by dave1054
Sat Sep 05, 2020 8:53 am
Forum: Investing - Theory, News & General
Topic: White Coat Investor interview
Replies: 15
Views: 3613

Podcast recommendation for beginners

The latest Morningstar Long view podcast with white coat investor Jim Dahle is 1 hour, very basic, but great introduction to newbie Bogleheads or those bored out of their minds during the pandemic.
by dave1054
Fri Sep 04, 2020 8:13 am
Forum: Personal Finance (Not Investing)
Topic: Should I do family loan?
Replies: 38
Views: 2954

Re: Should I do family loan?

Thanks everyone for the insightful comments. Will probably do the down payment and not worry about other family dynamics including divorce implications . Life is way too short to worry about things I can’t control.
by dave1054
Wed Sep 02, 2020 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: Should I do family loan?
Replies: 38
Views: 2954

Re: Should I do family loan?

Thanks for all the responses. I am leaning toward helping with down payment rather than family loan, but most recent post makes very good point about problem with large gift in reference to divorce issues.
by dave1054
Wed Sep 02, 2020 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Should I do family loan?
Replies: 38
Views: 2954

Should I do family loan?

I want to help son and daughter in law purchase a home. I have the means to finance the mortgage with ultra low interest family loan. However, the alternative is for them to get a 30 year mortgage on their own at very low rate and I provide them with generous down payment on the loan. Which scenario...
by dave1054
Sun Aug 30, 2020 12:55 pm
Forum: Personal Investments
Topic: Cash allocation in negative interest rate environment
Replies: 17
Views: 2050

Re: Cash allocation in negative interest rate environment

I'm moving most of my assets to my individual broker account and sell cash covered puts. For example, 1 year sep 17 SPY put for 275 strike price has a premium of $1275. So that's a 4.6 percent return on your cash. Plus it's also essentially a limit order for the sp500 at a discount from today's pri...
by dave1054
Sun Aug 30, 2020 6:51 am
Forum: Personal Investments
Topic: Way too much cash - Should it be in bond funds?
Replies: 77
Views: 9077

Re: Way too much cash - Should it be in bond funds?

I am not a bond person. I have a higher allocation to stocks than would be typical for my age/circumstances and the rest of my portfolio is almost all in cash. There have been analyses that a 75/25 stock/cash portfolio is very similar — over the long run — to a 60/40 stock/bond portfolio. Here’s on...
by dave1054
Sun Aug 23, 2020 9:15 am
Forum: Personal Investments
Topic: Roth conversions
Replies: 7
Views: 1046

Roth conversions

Sorry to all the Bogleheads for another Roth question. I know I can read multiple other threads but trying to simplify my life and not spend so many hours on this frustrating topic. I am 65 and recently retired. I have 7 figure pension and profit sharing plan with maybe 10% in Roth and rest in defer...
by dave1054
Sat Aug 08, 2020 12:18 pm
Forum: Investing - Theory, News & General
Topic: Dividends ?
Replies: 23
Views: 2741

Re: Dividends ?

So sorry for stupid question. If stock issues dividend if for example $1, the stock goes down the equivalent amount on date it is issued excluding other factors in market that day. So how do you make money in dividend stocks? You don't. A dividend is the same as if you sold some of the stock yourse...
by dave1054
Fri Aug 07, 2020 7:34 pm
Forum: Investing - Theory, News & General
Topic: Dividends ?
Replies: 23
Views: 2741

Re: Dividends ?

The company is earning money all the time. In an ideal world in which everything was smooth and transparent, you could look inside the company and see those earnings piling up. Or, you could see them being spent to buy production machinery and you could see that valuable production machinery piling...
by dave1054
Fri Aug 07, 2020 1:14 pm
Forum: Investing - Theory, News & General
Topic: Dividends ?
Replies: 23
Views: 2741

Dividends ?

So sorry for stupid question.

If stock issues dividend if for example $1, the stock goes down the equivalent amount on date it is issued excluding other factors in market that day.
So how do you make money in dividend stocks?
by dave1054
Thu Jul 30, 2020 3:25 pm
Forum: Investing - Theory, News & General
Topic: Barron’s article on bonds
Replies: 89
Views: 5858

Re: Baron article on bonds

There was interview with Dan Fuss, one of most renowned bond guys for decades. Jist of article which I cannot copy is due to artificial low rates of bonds due to Fed intervention, he cannot find any value or mispriced bonds with significant upside potential. He has been purchasing high quality divi...
by dave1054
Thu Jul 30, 2020 3:20 pm
Forum: Investing - Theory, News & General
Topic: Barron’s article on bonds
Replies: 89
Views: 5858

Re: Baron article on bonds

cinghiale wrote: ↑Thu Jul 30, 2020 2:46 pm May we assume your title points to an interview in Barron’s?

If yes, you do need to tidy up your title and spell the publication’s name correctly.

You may get better traffic for your post by doing so.
Sorry. My mistake.
by dave1054
Thu Jul 30, 2020 2:07 pm
Forum: Investing - Theory, News & General
Topic: Barron’s article on bonds
Replies: 89
Views: 5858

Barron’s article on bonds

Yes, I know there are multiple threads about bonds. This may be slightly different twist and would love your opinions. There was interview with Dan Fuss, one of most renowned bond guys for decades. Jist of article which I cannot copy is due to artificial low rates of bonds due to Fed intervention, h...
by dave1054
Wed Jul 29, 2020 7:02 pm
Forum: Personal Investments
Topic: Poor service at Vanguard making me re-think my decision
Replies: 98
Views: 8963

Re: Poor service at Vanguard making me re-think my decision

Wow. Lot of Vanguard bashing on Bogleheads site. What gives? I have dealt with Vanguard for 30 plus years without any problems. I also have a smaller Fidelity account. I do not see one web site better than the other. It’s what you get used to. On almost all similar fixed income funds, Vanguard is th...
by dave1054
Fri Jul 24, 2020 6:46 pm
Forum: Personal Investments
Topic: FDIC Insurance
Replies: 5
Views: 478

FDIC Insurance

Spouse and I opened joint savings account at Marcus. What would be best way for us to create joint and individual accounts to maximize fdic insurance? What about CD’s. Are they including in total under fdic limits? Thanks.
by dave1054
Fri Jul 03, 2020 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with all this MONEY ?
Replies: 201
Views: 21287

Re: What to do with all this MONEY ?

I am a recently retired physician. I totally understand your concerns. I understand your reluctance to fly first class. I also know many physicians are unhappy in retirement. I was lucky. We recently had a grandchild. It changed everything for us. We are full time nannies getting paid nothing and li...
by dave1054
Wed Jul 01, 2020 11:23 am
Forum: Personal Investments
Topic: Marcus savings account
Replies: 7
Views: 912

Re: Marcus savings account

Thanks guys. Just needed a little more assurance. So scary how our entire lives are dependent on a secure internet
by dave1054
Wed Jul 01, 2020 10:36 am
Forum: Personal Investments
Topic: Marcus savings account
Replies: 7
Views: 912

Marcus savings account

I set up a Marcus account. I am old fashioned and never banked with online only bank. Should I have any additional security concerns. Any security issues linking Marcus and Vanguard so I can move funds back and forth.
Sorry if these are simplistic questions.
by dave1054
Wed May 27, 2020 11:15 am
Forum: Personal Investments
Topic: How to maintain discipline with bonds?
Replies: 15
Views: 1269

Re: How to maintain discipline with bonds?

I guess my question with turmoil in bond market and stress on municipalities, is it worth the extra 1-2% post tax yield in short or intermediate term munis vs ultra safe treasuries or fed money market?
by dave1054
Wed May 27, 2020 6:54 am
Forum: Personal Investments
Topic: How to maintain discipline with bonds?
Replies: 15
Views: 1269

How to maintain discipline with bonds?

When I start overthinking things, I tend to make mistakes...but. I try to follow my AA of 50% stocks/50% bonds. Yet with Fed artificially manipulating interest rates and forcing people with need for income into riskier investments, how do Bogleheads maintain discipline. My Federal sweep account is n...
by dave1054
Fri May 15, 2020 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare premium adjustment
Replies: 1
Views: 264

Medicare premium adjustment

I recently retired and my income readjustment calculation by Medicare based on salary of 2 years ago is near maximum of over $600 /month for me and wife. My salary is now zero and only income is cap gains, dividends and some rental income. Can I apply for reduction in Medicare premium? Thank you.
by dave1054
Mon May 11, 2020 11:03 am
Forum: Personal Investments
Topic: Simple question. Many answers?
Replies: 16
Views: 1556

Re: Simple question. Many answers?

Wow. CDAR rates are ridiculous. I will stick with something like VWSUX, short term muni fund, as substitute.
by dave1054
Mon May 11, 2020 6:54 am
Forum: Personal Investments
Topic: Simple question. Many answers?
Replies: 16
Views: 1556

Re: Simple question. Many answers?

Thanks for info on CDAR’s. Anyone have experience with them? Do rates vary significantly from bank to bank. Do not think it is available at online banks like Marcus that have very competitive yields but limit the amount you can invest plus fdic limits of insurance.
by dave1054
Sun May 10, 2020 8:47 am
Forum: Personal Investments
Topic: Simple question. Many answers?
Replies: 16
Views: 1556

Re: Simple question. Many answers?

I agree with respondents to original post. CD is ultra safe but what a hassle having multiple accounts at multiple banks. I have excess case in the sweep account yielding a paltry 0.3%. May move it to a short term bond or muni fund. Above 1% , simple, and able to move out without a penalty with a cl...
by dave1054
Sat May 09, 2020 6:44 am
Forum: Personal Investments
Topic: My Robo Advisor Experiences
Replies: 18
Views: 3099

Re: My Robo Advisor Experiences

Do not have any robo experience but would love to know your experience vis a vis the constant rebalancing and how difficult it is to do your taxes. Buy and hold is boring but certainly uncomplicates my life.
by dave1054
Fri May 08, 2020 2:44 pm
Forum: Personal Investments
Topic: Portfolio analyzer
Replies: 1
Views: 242

Portfolio analyzer

I am having difficulty using Vanguard portfolio analyzer. It does not include my Vanguard retirement account from my employer which is included on my account page. I also cannot seem to modify my outside investments. Are there recommended alternatives on internet where I can manually input the data....
by dave1054
Wed Apr 15, 2020 6:41 am
Forum: Personal Investments
Topic: Ginnie Mae yield?
Replies: 6
Views: 682

Ginnie Mae yield?

How do I compare GNMA (vfiix) yield to other bonds and money markets. Does the published yield of 1.99% include partial principle payments? Does that effect share price?

Overall, opinions on vfiix as safe place to park money is appreciated.
by dave1054
Mon Apr 06, 2020 5:11 pm
Forum: Personal Investments
Topic: Vanguard money market options
Replies: 5
Views: 997

Vanguard money market options

Federal money market VMFXX is yielding 0.66% Prime money market VMMXX is yielding 1.03% Why the significant difference in yield? Both are listed as lowest risk level. Half of Prime MM is in Yankee/foreign issue? What is that? Does it increase the risk? Also, if both are very low risk, why does Vangu...
by dave1054
Mon Mar 30, 2020 7:31 pm
Forum: Personal Investments
Topic: Vanguard web site
Replies: 10
Views: 909

Re: Vanguard web site

I have no problem with Vanguard website. Its like any other website. Once you get familiar, it is easy to use
by dave1054
Sat Mar 28, 2020 6:20 pm
Forum: Personal Investments
Topic: Do Target Date funds with bonds still make sense now?
Replies: 38
Views: 2157

Re: Do Target Date funds with bonds still make sense now?

Why not stick to a specific target allocation in stocks and the rest in a money market. Sacrifice slight extra yield for almost complete safety in money market. Hope someone a lot smarter than I can explain. I'm not sure I'm smarter than you, but a 70/30 portfolio that is stocks & money markets...
by dave1054
Sat Mar 28, 2020 12:57 pm
Forum: Personal Investments
Topic: Do Target Date funds with bonds still make sense now?
Replies: 38
Views: 2157

Re: Do Target Date funds with bonds still make sense now?

The response from most Bogleheads is yes, it makes sense to stick with bonds, stay the course, etc. They may indeed be correct but I just don’t get it. I understand the risks vs benefits of stocks in up and down markets. However, with the volatility of bonds nowadays and the extremely low interest r...
by dave1054
Wed Mar 25, 2020 8:38 am
Forum: Personal Investments
Topic: Why isn't this time different?
Replies: 46
Views: 3585

Re: Why isn't this time different?

Love this post. Sounds like we are nearing a market bottom with all this pessimism.
by dave1054
Sat Mar 21, 2020 9:10 am
Forum: Personal Investments
Topic: VWLUX and VWIUX [Long and Intermediate tax-exempt]
Replies: 94
Views: 5885

Re: VWLUX and VWIUX [Long and Intermediate tax-exempt]

I understand the frustration of losing money in so called conservative muni funds. The question is what to do going forward. I personally do not see much upside potential in muni bonds when eventual recovery occurs. Interest rates cannot drop much more. We are already near zero. So I guess the milli...
by dave1054
Thu Mar 19, 2020 6:14 pm
Forum: Personal Investments
Topic: Munis vs corporate bond risk
Replies: 0
Views: 186

Munis vs corporate bond risk

Can someone explain to me why similar duration funds behave so differently. For example vwlux, Limited term muni fund has duration of 2.5 years Vbirx, short term corporate bond fund, has duration of 2.7 years. I would assume they have similar risk profiles yet short term corporate bond fund has held...
by dave1054
Mon Mar 09, 2020 8:48 pm
Forum: Personal Investments
Topic: How and when to sign up for SS
Replies: 5
Views: 433

Re: How and when to sign up for SS

Start the process at least a month before you turn 66. It takes that long for SS office to approve application. Try to do it all online. I would rather die than go to social security office. Once your spouse is approved for benefits,you can apply online for spousal benefits. Some people are required...
by dave1054
Mon Mar 09, 2020 5:39 pm
Forum: Personal Investments
Topic: Dividend yield ob VIG
Replies: 6
Views: 495

Dividend yield ob VIG

Why is the dividend yield on Vanguard Dividend Appreciation Index (vig) lower than s&p 500 index fund. I would think an dividend fund would pay at least a little better than the market. What am I missing?
by dave1054
Thu Feb 27, 2020 7:24 pm
Forum: Personal Investments
Topic: When to readjust asset allocation
Replies: 1
Views: 193

When to readjust asset allocation

I have been maintaining a 50% stock 50% bond allocation. With present correction, I will need to purchase stocks to maintain 50/50 allocation. Should I correct when stocks are 45%, 40%, etc. Is there any historical data to back up a specific trigger to reallocate. Thanks.
by dave1054
Sun Feb 23, 2020 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Applying for social security
Replies: 5
Views: 676

Re: Applying for social security

Thanks everyone.

Sure hope we do not have to go to SS office to prove marriage. The SS office is the ultimate in government bureaucracy and incompetence.
by dave1054
Sun Feb 23, 2020 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Applying for social security
Replies: 5
Views: 676

Applying for social security

My wife turned 66 and applied for SS about3 weeks ago. Has not heard anything yet about status of her application. What is typical timeframe for straightforward application. I will be applying to receive SS in October. How does she apply for spousal benefits at that time. Is it an easy online proces...
by dave1054
Tue Jan 28, 2020 9:42 am
Forum: Personal Investments
Topic: Social Security for spouse
Replies: 5
Views: 747

Re: Social Security for spouse

Thanks so much. Great information and that is why i love Bogleheads forum.
by dave1054
Mon Jan 27, 2020 8:48 pm
Forum: Personal Investments
Topic: Social Security for spouse
Replies: 5
Views: 747

Social Security for spouse

Spouse turns 66 next month and calculated benefits is $773/month. I turn 66 in October and calculated benefits is $3000/month. My understanding is spouse is entitled to 50% of my benefits but only if I am already receiving SS. We both want to get SS at age 66. So what is best strategy to maximize ou...
by dave1054
Mon Jan 20, 2020 1:08 pm
Forum: Personal Investments
Topic: Vanguard PAS Recommendation?
Replies: 47
Views: 3175

Re: Vanguard PAS Recommendation?

Does Vanguard PAS provide in person contact or only on the phone. Many in forums including myself like the idea of personal contact for uninformed spouse in event of disability/death. Can anyone comment on their particular situation when using PAS when their DIY spouse passed on?
by dave1054
Sun Nov 10, 2019 12:14 pm
Forum: Personal Investments
Topic: Fidelity vs Vanguard vs Schwab vs TD vs Etrade vs Merril
Replies: 32
Views: 3186

Re: Fidelity vs Vanguard vs Schwab vs TD vs Etrade vs Merril

Surprised many on Boglehead forum rank Vanguard dead last. Nothing in life is free. The so called perks and customer services are paid one way or another. Most fixed income investments for example at Fidelity are about 30 basis points less than Vanguard. So if 100k of total is in money market or oth...
by dave1054
Wed Sep 18, 2019 11:16 am
Forum: Personal Finance (Not Investing)
Topic: HSA expenses
Replies: 2
Views: 348

HSA expenses

I am retiring and signed up for medicare and supplemental. I have about 50k in my How do I spend this down. Apparently I cannot pay for supplemental with it. What about monthly Part B premium? Is dental expenses permitted? Anything else I can do? Thanks.