Search found 75 matches

by BachemFan
Thu Nov 03, 2016 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security While Working at Age 70
Replies: 16
Views: 3011

Social Security While Working at Age 70

I have a friend who will turn 70 years old next month. She is still working and has no plans to retire anytime soon. Her salary is approximately $200,000 per year. She is single (divorced, ex husband has very low lifetime earnings) and in reasonably good health. She is still covered by her employer'...
by BachemFan
Thu Dec 24, 2015 8:14 pm
Forum: Local Chapters and Bogleheads Community
Topic: My Christmas Gift to You
Replies: 60
Views: 6922

Re: My Christmas Gift to You

Taylor:

Merry Christmas, and thank you for the example of a life well lived. We can only strive to be better for that example.
by BachemFan
Fri Sep 12, 2014 8:05 am
Forum: Personal Consumer Issues
Topic: Recommended World War I book
Replies: 48
Views: 5033

Re: Recommended World War I book

For a recent book on the longer term consequences of the war, I recommend "The Long Shadow: The Legacies of the Great War in the Twentieth Century" by David Reynolds.
by BachemFan
Tue Mar 18, 2014 9:24 am
Forum: Personal Finance (Not Investing)
Topic: SS Disability Benefits - Recommend a Book?
Replies: 4
Views: 489

Re: SS Disability Benefits - Recommend a Book?

Thank you for your quick responses. My cousin has been disabled and receiving SS disability since a work accident crushed his legs in 1973. So the focus now is understanding what other assistance he might be eligible for given his financial condition. He seems to have his medical care in hand throug...
by BachemFan
Tue Mar 18, 2014 7:24 am
Forum: Personal Finance (Not Investing)
Topic: SS Disability Benefits - Recommend a Book?
Replies: 4
Views: 489

SS Disability Benefits - Recommend a Book?

I have a 58 year old cousin who is a paraplegic. He is destitute after the recent loss of his mother and the support of her pension. His extended family is trying to figure out options for him, most importantly on housing. Can someone recommend a book that details the benefits available available to...
by BachemFan
Sat Jan 25, 2014 12:31 pm
Forum: Local Chapters and Bogleheads Community
Topic: Taylor's 90th Birthday
Replies: 272
Views: 32615

Re: TAYLOR'S UPCOMING 90th BIRTHDAY

Happy 90th birthday, Taylor. Amid any great debate on this forum, when my mind is sometimes reeling from the complexity of the input from others,I eventually page down to find if you have a posting. I treasure your ability to bring things back to a key component of John Bogle's philosophy...simplici...
by BachemFan
Thu Aug 01, 2013 11:22 am
Forum: Personal Finance (Not Investing)
Topic: ESPlanner and Mac
Replies: 7
Views: 1101

Re: ESPlanner and Mac

Thanks to all of you for your insights. I have to think about this some more. At the very least I might pay someone to help me set up the Mac/Windows systems and see how that works. If anyone have any suggestions for a Mac-based personal financial program I would certainly appreciate it, but I have ...
by BachemFan
Wed Jul 24, 2013 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Seek advice on pension options
Replies: 6
Views: 717

Re: Seek advice on pension options

Thank you everyone for your thoughts. This gives me several things to consider as I weigh my options.

Best Regards

BF
by BachemFan
Tue Jul 23, 2013 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Seek advice on pension options
Replies: 6
Views: 717

Seek advice on pension options

I would appreciate help from anyone on how to think about the commencement of a pension from my former employer. - I am 61 years old and retired. My wife is 71 years old. - I would assume life expectancy of 85 years for both of us. - We are financially very comfortable with the taxable and retiremen...
by BachemFan
Sun Jul 21, 2013 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: ESPlanner and Mac
Replies: 7
Views: 1101

ESPlanner and Mac

Does anyone have experience using ESPlanner on a Mac? If I have Boot Camp on the Mac, would it be relatively easy for a non-techie to open and use the software?

Thanks for any insights you can provide.
by BachemFan
Fri Mar 29, 2013 1:17 pm
Forum: Investing - Theory, News & General
Topic: Pimco Total Return
Replies: 19
Views: 3248

Re: Pimco Total Return

I have always been impressed with Gross, and gladly used Total Return Bond in my 401(k) at institutional expense levels. What tomorrow will bring is unknown. What IS known is that Gross will be retiring one day. The general consensus is that Mohamed El-Erian, who is the CEO, co-Chief Investment Offi...
by BachemFan
Sat Mar 02, 2013 2:24 pm
Forum: Local Chapters and Bogleheads Community
Topic: The Munchkin Man Diet
Replies: 120
Views: 14880

Re: The Munchkin Man Diet

MM:

Good to see you back! And congratulations!!! Well done.
by BachemFan
Fri Feb 01, 2013 11:23 am
Forum: Investing - Help with Personal Investments
Topic: Rolling over post-tax 401k money to a Roth
Replies: 8
Views: 1763

Re: Rolling over post-tax 401k money to a Roth

Joe S.

It can be done, I did it with the guidance of Bogleheads, especially Alan S. See link below.

http://www.bogleheads.org/forum/viewtop ... =1&t=79221

Good Luck

Bachem Fan
by BachemFan
Thu Jan 17, 2013 3:56 pm
Forum: Personal Consumer Issues
Topic: Thinking of moving to Switzerland
Replies: 60
Views: 4924

Re: Thinking of moving to Switzerland

On a non-financial note, be aware that the weather in many parts of Switzerland is extremely gloomy in the winter months. I have experience in Zurich, where the sun might not shine for an entire month or more in the winter. The government encourages citizens to take trips up into the mountains to br...
by BachemFan
Wed Dec 05, 2012 1:56 pm
Forum: Investing - Help with Personal Investments
Topic: Employer changing timing of 401K match
Replies: 5
Views: 1110

Re: Employer changing timing of 401K match

My ex-employer did this, too. In fact, the match was not put into the 401K until early in the following year. My company instituted this in connection with the financial crisis, perhaps to squeeze out every cash flow benefit and to save money when people voluntarily or involuntarily left the company.
by BachemFan
Fri Oct 19, 2012 9:49 pm
Forum: Personal Consumer Issues
Topic: any recommended books to learn about Civil War
Replies: 59
Views: 3965

Re: any recommended books to learn about Civil War

I would highly recommend Drew Gilpin's "This Republic of Suffering: Death and the American Civil War." The book will NOT serve as a good introduction or overview of the causes and battles of the Civil War. Instead, it is a book about the staggering loss of life in the war, how the military and civil...
by BachemFan
Sun Aug 26, 2012 5:32 pm
Forum: Personal Consumer Issues
Topic: John Bogle's books
Replies: 7
Views: 1045

Re: John Bogle's books

Stemikger:

I would recommend Enough. The book does an excellent job of focusing your mind on WHY you are investing, WHY you want money and how much you need. The HOW of investing is actually secondary to that.

Best Regards
BF
by BachemFan
Thu Mar 22, 2012 10:01 am
Forum: Investing - Help with Personal Investments
Topic: Harvesting Capital Gains in 2012
Replies: 16
Views: 1254

Harvesting Capital Gains in 2012

For those interested, Robert Powell has an article today on "Market Watch" in which he discusses the advisability of taking capital gains in 2012, ahead of the anticipated expiration of Bush tax cuts. He provides a link to a short position paper by Michael Kitces of Pinnacle Advisory Group on the de...
by BachemFan
Thu Jan 19, 2012 6:30 pm
Forum: Personal Consumer Issues
Topic: Does the cruise ship sinking make you reconsider cruising?
Replies: 58
Views: 4822

Re: Does the cruise ship sinking make you reconsider cruisin

No, the sinking off the Italian coast will not change our willingness to cruise. We have been on several cruises in the Caribbean and Alaska, and one through the Canal. We have never felt unsafe. The professionalism of the senior crew is very apparent. On one cruise in the Caribbean, a hurricane for...
by BachemFan
Thu Jan 19, 2012 11:22 am
Forum: Personal Finance (Not Investing)
Topic: 529 Plan Withdrawals
Replies: 6
Views: 1154

Re: 529 Plan Withdrawals

Thanks to everyone for their input. I will simply withdraw the money for his room and board expenses incurred in 2012, and I will do it on an accelerated basis. I will forego trying to withdraw anything to cover 2011 expenses.

Best Regards

BachemFan
by BachemFan
Wed Jan 18, 2012 11:33 am
Forum: Personal Finance (Not Investing)
Topic: 529 Plan Withdrawals
Replies: 6
Views: 1154

Re: 529 Plan Withdrawals

Thanks, HueyLD. A quick read suggests that I cannot take out money for expenses incurred in the last quarter of last year. I don't see a clear answer about pre-withdrawing now all the anticipated housing costs for 2012. However the points made in #3 about the sanctity of aligning expenses and withdr...
by BachemFan
Wed Jan 18, 2012 11:05 am
Forum: Personal Finance (Not Investing)
Topic: 529 Plan Withdrawals
Replies: 6
Views: 1154

529 Plan Withdrawals

I want to use some of my NY State 529 account (my son as beneficiary) to pay for his housing and food costs while at graduate school. His tuition is covered by a scholarship. He started his lease on the apartment (privately owned) on September 1, 2011, and started classes in the second half of Septe...
by BachemFan
Wed Jan 04, 2012 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Retirees who get insurance from their former employer
Replies: 23
Views: 2431

Re: Retirees who get insurance from their former employer

I lost my job with my employer (a European company) in June. I was old enough and with enough service to officially retire from the company. My employer still has employer provided health insurance for retirees, but as of two years ago with the following caveats. 1. The company's contribution to the...
by BachemFan
Wed Dec 14, 2011 4:05 pm
Forum: Investing - Help with Personal Investments
Topic: Question on Wash Sale
Replies: 4
Views: 403

Re: Question on Wash Sale

Mike:

Thank you for your informative response.

BF
by BachemFan
Wed Dec 14, 2011 12:11 pm
Forum: Investing - Help with Personal Investments
Topic: Question on Wash Sale
Replies: 4
Views: 403

Question on Wash Sale

If one sells a small cap index fund in a taxable account in order to tax loss harvest, must one wait the 30 days before reinvesting in that index fund but this time through an existing Roth? To be clear, the reinvesting via the Roth would be from a reallocation from existing funds within the Roth. T...
by BachemFan
Thu Oct 27, 2011 7:45 am
Forum: Investing - Help with Personal Investments
Topic: Impact of Aging on Financial Mgt.
Replies: 24
Views: 1930

Impact of Aging on Financial Mgt.

Robert Powell has an interesting article on "Marketwatch" about an academic study on the impact of aging on one's ability to manage his or her financial affairs. I especially noted that that as one ages, one's CONFIDENCE in financial decision increases, while the actual cognitive ABILITY to make the...
by BachemFan
Sun Sep 11, 2011 10:53 am
Forum: Investing - Theory, News & General
Topic: Name of Firm Wiped Out in 9/11
Replies: 12
Views: 2865

Maybe Sandler O'Neill? It lost 66 of its 171 employees in the attack on the WTC. I don't know about anything about its "secret sauce."

http://www.sandleroneill.com/firm-history.htm
by BachemFan
Mon Aug 15, 2011 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Online savings account
Replies: 10
Views: 2006

I have used Ally for over a year now for CD's, but not savings or checking. Rates are very competitive. Opening an account was certainly easy, and rolling the CD upon maturity was simple. I cannot comment yet on how easy it is to actually get the money back. Here is a link to a web site with third p...
by BachemFan
Fri Jul 29, 2011 9:13 pm
Forum: Investing - Help with Personal Investments
Topic: Conversion of After-Tax 401K $ into a Roth IRA
Replies: 5
Views: 2431

Re: Conversion of After-Tax 401K $ into a Roth IRA

I recently lost my job. I am 59 1/2 years of age. I had a very good final year, and with my severance and bonus should have total gross income in excess of $5000K for 2011. I would say five million in 2011 is a 'very good year' Congratulations! :beer I wish it was $5,000,000! My mistake... it was $...
by BachemFan
Fri Jul 29, 2011 4:35 pm
Forum: Investing - Help with Personal Investments
Topic: Conversion of After-Tax 401K $ into a Roth IRA
Replies: 5
Views: 2431

Thank you both very much for taking time to respond to my inquiry. I now have a much greater comfort level with the process, and will proceed as outlined after Labor Day.

Best Regards
by BachemFan
Thu Jul 28, 2011 11:39 am
Forum: Investing - Help with Personal Investments
Topic: Conversion of After-Tax 401K $ into a Roth IRA
Replies: 5
Views: 2431

Conversion of After-Tax 401K $ into a Roth IRA

I have read with great interest some postings on Fairmark.com regarding the feasibility of rolling over after-tax contributions to a 401k into a Roth IRA. Unfortunately, I have not been able to find much updated information on the issue. I would greatly appreciate any thoughts anyone might have on m...
by BachemFan
Thu May 19, 2011 7:37 am
Forum: Personal Finance (Not Investing)
Topic: Did you consider the financial aspects of having children?
Replies: 151
Views: 14065

Rick Ferri wrote:I can't imagine my wife and I being happier because we had more money in the bank as a result of having fewer children.

Rick Ferri
Amen.
by BachemFan
Wed May 18, 2011 8:32 am
Forum: Investing - Theory, News & General
Topic: Garrett Planning Network
Replies: 9
Views: 1479

I am currently getting a second opinion from a Garrett planner on the feasibility of early (59) retirement. I would agree that Garrett has no unified philosophy on the matter of indexing vs active management. My planner was a firm supporter of indexing. All in all, I have been pleased with my experi...
by BachemFan
Mon May 16, 2011 6:18 am
Forum: Personal Finance (Not Investing)
Topic: "Over 55" Communities
Replies: 41
Views: 6470

I am retiring shortly (age 59). My wife is 69. We will be moving to NC from NJ. While doing some preliminary neighborhood scouting, we looked at some 55+ communities. There are a lot of attractions certainly, especially the facilities available. Then we drove through a "normal" neighborhood. As we w...
by BachemFan
Tue May 10, 2011 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: 529 Plan Question
Replies: 4
Views: 1259

Bruce: Thank you for the guidance. Sounds like I have some studying to do before proceeding on this. Maybe even get an accountant involved. Would you have any idea how to get the "room and board" number that the university must produce? If it matters, the school is Ohio State. Best regards, BF
by BachemFan
Tue May 10, 2011 9:38 am
Forum: Personal Finance (Not Investing)
Topic: 529 Plan Question
Replies: 4
Views: 1259

529 Plan Question

We have a 529 Plan for the benefit of my son. He will begin a Ph.D. program in September, and will receive a full tuition fellowship and a moderate stipend for living expenses. The question is whether he can use the 529 Plan for housing costs while in the full time program. If it matters, he will pr...
by BachemFan
Mon May 02, 2011 8:28 am
Forum: Personal Finance (Not Investing)
Topic: 401k safe harbor - with AXA, is it a good idea to move it?
Replies: 3
Views: 2797

I don't hate dentists. My dentist is one of the most considerate medical providers I have ever known. Everyone I know who uses him feels the same way. Not that I want to see him very often!
by BachemFan
Fri Apr 22, 2011 6:05 am
Forum: Investing - Theory, News & General
Topic: Retirement Mistakes: Reason number 4 : P
Replies: 21
Views: 3031

LH,

I think you need to post a poll. How many readers who are retired trip up on #4?

As I approach retirement (49 days and counting) and project out my finances, there is no doubt that staying healthy as long as possible is the very best investment one can make.

BF
by BachemFan
Fri Apr 15, 2011 7:44 am
Forum: Personal Consumer Issues
Topic: Lone Travel Destination Needed Fast!
Replies: 35
Views: 7371

Istanbul, Turkey. You buy the visa as you pass into the airport in Istanbul. Fabulous historic sites of the modern (Gallipoli), Byzantine (Hagia Sophia) and ancient (Roman Ruins, Troy, Ephesus) eras. And of course, there are the fascinating Islamic mosques and the Grand Bazaar. My wife and son went ...
by BachemFan
Fri Apr 15, 2011 6:40 am
Forum: Investing - Help with Personal Investments
Topic: a day in the life of a financial advisor - diehard humor
Replies: 24
Views: 5250

Thanks for a good laugh early in the morning.
by BachemFan
Thu Mar 10, 2011 11:11 am
Forum: Investing - Help with Personal Investments
Topic: Retiring Soon. Have Advisor. Seeking Additional Advice.
Replies: 85
Views: 16060

Dolphin: Please do not get discouraged or upset at the responses so far. Understand that all the (so far unanimous) responses have your best interests at heart. Notice that no is telling you how to arrange your financial future. They are telling you that you need to educate yourself so that you can ...
by BachemFan
Wed Mar 09, 2011 11:32 am
Forum: Investing - Theory, News & General
Topic: The passing of a hero
Replies: 8
Views: 2122

Thank you, Taylor. May Too Tall rest in peace.

Many may remember Freeman from the book and movie about the battle in the Ia Drang valley - "We were Soldiers Once, and Young."
by BachemFan
Sun Mar 06, 2011 10:30 am
Forum: Investing - Theory, News & General
Topic: Glassman advises 50/50 allocation
Replies: 15
Views: 4319

Re: Glassman advises 50/50 allocation

His example concerns a 40-year-old; I would've liked hearing from him just how much the allocation should change as one gets older and closer to retirement... Why pay his ideas/prognostications any attention at all? Amen. If this man had any sense of shame, he would leave the limelight. The money a...
by BachemFan
Tue Mar 01, 2011 10:41 am
Forum: Personal Finance (Not Investing)
Topic: How much $$ did you donate to charity in 2010?
Replies: 73
Views: 9221

EmergDoc wrote:Kind of depressing to compare this poll to the net worth polls we do on here. 3/4 of Bogleheads (about half of which are millionaires) give less than $5K a year? Surprised I guess. I honestly thought $10K would be the average, not $1K.

I had the same reaction.
by BachemFan
Fri Feb 11, 2011 10:44 am
Forum: Investing - Help with Personal Investments
Topic: Bank "Financial Check-Ups"
Replies: 26
Views: 3140

MM: Greetings. First, I alway enjoy your posts. Thanks for bringing a smile to my face every few days. As to your question, I can only say that I now avoid Chase branches like the plague because of their heavy-handed sales tactics. As you say, if it were only a question of whether you would like to ...
by BachemFan
Tue Feb 08, 2011 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Retirement, Home Equity and Savings % of Net Worth
Replies: 89
Views: 11670

Age 58

Home 12%
Taxable 45%
Retirement 43%
by BachemFan
Fri Feb 04, 2011 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: NJ-based Hourly Fee-only Financial Advisor?
Replies: 2
Views: 922

EmergDoc:

Thank you for the quick response. I checked the site and there are a few member advisors in my area. That's a great start for me.

I do just about everything myself. However with the big step into retirement, I just want to make sure I am not missing something.

Regards

BF
by BachemFan
Fri Feb 04, 2011 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: NJ-based Hourly Fee-only Financial Advisor?
Replies: 2
Views: 922

NJ-based Hourly Fee-only Financial Advisor?

I am not sure it is proper to ask this on this site, but can someone recommend an hourly fee-only financial advisor in New Jersey? I will be entering (forced) early retirement late this year at age 59. I would like to review my finances with an advisor, but without any expectation of on-going asset ...
by BachemFan
Thu Feb 03, 2011 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: "When Irish Eyes are Crying" | Michael Lewis
Replies: 8
Views: 2675

Great article...and very distressing. Anyone who knows anything of Ireland's past has to weep at this story.