Search found 19 matches

by R. ANDERSON
Thu Mar 29, 2018 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Rent or Buy? Military Doc. What would you do?
Replies: 46
Views: 4235

Re: Rent or Buy? Military Doc. What would you do?

Dear Doctor: This is a financial advice site so there is a natural bias by some very bright people to view the world through the prism of dollars and sense. Without plowing through others' probably sound financial advice, my inclination is to see you as a military officer subject to transfer at any ...
by R. ANDERSON
Wed Mar 28, 2018 8:15 am
Forum: Personal Finance (Not Investing)
Topic: Personal Excess Liability Insurance - Umbrella Insurance
Replies: 55
Views: 5119

Re: Personal Excess Liability Insurance - Umbrella Insurance

I have been around and observed that people are becoming more and more inconsiderate and reckless and distracted and litigious. Don't be penny-wise, pound-foolish. Buy an umbrella policy
by R. ANDERSON
Tue Mar 27, 2018 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: House Purchase - Sanity Check On Financials
Replies: 53
Views: 5246

Re: House Purchase - Sanity Check On Financials

Do you have enough to live on for a couple of years if you lose your job or become disabled (even with insurance)? Can you borrow money from your parents? How likely is it your employer could replace you with someone at a much lower salary or outsource your job? Could you get a replacement well-payi...
by R. ANDERSON
Fri Mar 23, 2018 2:54 pm
Forum: Personal Investments
Topic: Leaving Edward Jones...Why is Vanguard and Fidelity Always the Recommendation?
Replies: 48
Views: 14566

Re: Leaving Edward Jones...Why is Vanguard and Fidelity Always the Recommendation?

My personal feeling is that Vanguard, Fidelity and Schwab are all very good. So is Dodge and Cox. I went to Vanguard because I wanted to consolidate and the costs were good and I am a believer in INDEX funds. I don't believe the service is quite as good at Vanguard as at a couple of the others but I...
by R. ANDERSON
Fri Mar 23, 2018 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Help my wife when I die.
Replies: 37
Views: 5027

Re: Help my wife when I die.

Suggest she search out and pay a fee-only fiduciary financial planner for advice since finances for her are not a hobby but a nuisance.
by R. ANDERSON
Fri Mar 23, 2018 7:27 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 13353
Views: 2250512

Re: U.S. stocks in freefall

The Dow is made up of only 30 stocks and some are SO big that it doesn't take much for one of them, like Apple, to heavily influence the Dow on a given day. The S&P 500 is a much better indicator of the domestic market. So is the total stock market index. Further, people like the bombastic tv person...
by R. ANDERSON
Thu Mar 22, 2018 1:41 pm
Forum: Investing - Theory, News & General
Topic: Medicare IRMAA
Replies: 21
Views: 2711

Re: Medicare IRMAA

Several people were very helpful to Bob and they prompted me to do a similar analysis which prepared me for the IRMAA scenario. Thanks to all for questions, suggestions.
by R. ANDERSON
Wed Mar 21, 2018 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: I have the basics down, now what to prioritize? (401k, student loans, etc)
Replies: 18
Views: 2284

Re: I have the basics down, now what to prioritize? (401k, student loans, etc)

There is real value to "QUALITY of life." It's a bit trite but there was a film from many years ago titled "Citizen Kane" which was probably about the enormously wealthy publication icon, Randolph Hearst. When his avatar in the film died his dying words in his seventies were not about money or acqui...
by R. ANDERSON
Sat Mar 17, 2018 7:08 am
Forum: Personal Investments
Topic: Do I have enough saved to pull the trigger now? Or wait 1? 3? years?
Replies: 52
Views: 8701

Re: Do I have enough saved to pull the trigger now? Or wait 1? 3? years?

I can only speak for myself. Yes, the arithmetic cited by so many in their replies is important. But stress in a job you hate can become debilitating. Certainly the questioner has "enough" to leave that job now if he is convinced that will make him a lot happier. Perhaps the only thing he should wei...
by R. ANDERSON
Tue Mar 13, 2018 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion: Does It Make Sense?
Replies: 32
Views: 3971

Re: Roth Conversion: Does It Make Sense?

In case you didn't know, if you tap the roth ira before five years is up, you will pay a 10% penalty :(
by R. ANDERSON
Tue Mar 13, 2018 5:25 pm
Forum: Personal Investments
Topic: Dave Ramsey on Bonds
Replies: 107
Views: 11511

Re: Dave Ramsey on Bonds

I'm a new member of "bogleheads" but a believer in John Bogle and Warren Buffet because I have tested their methodology. I am not smug or arrogant or using this site for entertainment or as a proponent of ultra-caution or casino-type risk. But I do think after a few short days that there are people ...
by R. ANDERSON
Tue Mar 13, 2018 8:38 am
Forum: Personal Investments
Topic: Dave Ramsey on Bonds
Replies: 107
Views: 11511

Re: Dave Ramsey on Bonds

It pays to read widely and keep an open mind. Your own comfort zone is very important. Your age and obligations to others are important. Your experience is important as is your past outcomes in your decision-making thought process. One suggestion you might consider is to read articles by Christine B...
by R. ANDERSON
Tue Mar 13, 2018 7:48 am
Forum: Personal Finance (Not Investing)
Topic: Another "Should I self-insure" for LTC Question
Replies: 119
Views: 10183

Re: Another "Should I self-insure" for LTC Question

I trust that by now you have read the March 18 edition of the AARP Magazine. It's worth finding and reading for the latest on long term health care statistics in the article The Latest On Long Term Care. Nobody but you can help you make the decision to forgo your current coverage. But you sound pret...
by R. ANDERSON
Sun Mar 11, 2018 2:26 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 4268
Views: 1230390

Re: What Book Are You Currently Reading? Part VI

I suggest "A World In Disarray" by Richard Haas, Foreign Affairs Council because it provides insight to the future and what we must do to ensure we and our children and our grandchildren have one
by R. ANDERSON
Sun Mar 11, 2018 1:13 pm
Forum: Personal Investments
Topic: Roth Conversion Push with Tax Law Changes (Money Mag Article)
Replies: 23
Views: 4031

Re: Roth Conversion Push with Tax Law Changes (Money Mag Article)

Celia Roth Conversion
pls chk your private message thanks. no rush. R. Anderson
by R. ANDERSON
Sun Mar 11, 2018 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Genworth Long Term Care
Replies: 23
Views: 3635

Re: Genworth Long Term Care

The March 2018 edition of AARP Magazine reports that 48% of people 65 years old and older will spend less than one year for paid care and 19% more will need it for 1 to 1.99 years. Source: U.S. Dept. of Health and Human Services. Average cost of a year in a nursing home in a semi-private room is $85...
by R. ANDERSON
Sun Mar 11, 2018 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Does anyone here with net worths north of $1 mil use financial advisors?
Replies: 349
Views: 56831

Re: Does anyone here with net worths north of $1 mil use financial advisors?

Spot on Mike G62. Lots of what we do or don't do in life is influenced by our age. A fiduciary financial adviser can help someone become more savvy if they have never had to think much about money because someone else has always taken care of that and that is the case for some. The great thing about...
by R. ANDERSON
Sun Mar 11, 2018 7:40 am
Forum: Personal Finance (Not Investing)
Topic: Does anyone here with net worths north of $1 mil use financial advisors?
Replies: 349
Views: 56831

Re: Does anyone here with net worths north of $1 mil use financial advisors?

Consider the possibility that paying a financial adviser for a few sessions might help your spouse, child, parent or any significant other better understand their options should something happen to you. And understanding it before something happens could lessen their bewilderment and grief. At very ...
by R. ANDERSON
Sat Mar 10, 2018 11:15 am
Forum: Personal Investments
Topic: Roth Conversion Push with Tax Law Changes (Money Mag Article)
Replies: 23
Views: 4031

Re: Roth Conversion Push with Tax Law Changes (Money Mag Article)

I can't think of a better way to initiate my participation with Bogleheads.org than to thank @celia for the helpful, informative post. It's always a pleasure to recognize experienced writers when their common sense advice shines through. Ditto TG2. My own parents are 77, long retired, taking RMD's w...