Search found 345 matches

by spencer99
Sat Jan 04, 2020 12:40 pm
Forum: Personal Investments
Topic: fee only financial adviser
Replies: 4
Views: 377

Re: fee only financial adviser

can anyone recommend a fee only financial adviser in the Philadelphia area? or a good website where i could search for one? many thanks Take a look at this service offered by a blogger and BH member: https://adviceonlyfinancial.com/?utm_source=thefinancebuff.com&utm_medium=referral&utm_campaign=men...
by spencer99
Wed Jan 01, 2020 2:49 pm
Forum: Personal Consumer Issues
Topic: Alternative to stairs?
Replies: 38
Views: 3143

Re: Alternative to stairs?

I read Bill Bryson's fascinating book "At Home" last year in which he writes about the history and use of each area in a family home. I recall him mentioning the high percentage of home injuries (not to just the elderly) that take place on stairs. I recall him writing that this is under reported (un...
by spencer99
Wed Dec 04, 2019 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Can you determine your estimated ex-spouse social security benefit if you don't communicate with your ex-spouse?
Replies: 13
Views: 1262

Re: Can you determine your estimated ex-spouse social security benefit if you don't communicate with your ex-spouse?

My circumstances were different from yours in that when I asked the question I was post FRA. (My ex was not yet 62) I called SS to ask about my ex's PIA. I was told that information could not be provided on the phone and that I should schedule an appointment at my local SS office. I did so and the S...
by spencer99
Tue Nov 12, 2019 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for Medicare Via Monthly Social Security Distribution
Replies: 6
Views: 739

Re: Paying for Medicare Via Monthly Social Security Distribution

Muddlehead, I first enrolled in Medicare in early 2017 and was not enrolled in Social Security at the time. I arranged to pay the Medicare premium through a monthly debit to my checking account (can't recall the process but info is readily available from SS). * See note below I applied for a spousal...
by spencer99
Tue Nov 05, 2019 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: First year QCD close to New Year's Eve
Replies: 11
Views: 754

Re: First year QCD close to New Year's Eve

OK, my comment is more to highlight a question I think you asked that has not been answered. Can you roll your first-year (2019) RMD (all or part) forward into the next year (2020)? - yes. Can you roll your 2019 QCD into 2020 as part of the 2019 RMD distribution taken in 2020? - I think not. I belie...
by spencer99
Tue Oct 22, 2019 7:19 pm
Forum: Personal Investments
Topic: Inherited American Funds
Replies: 8
Views: 818

Re: Inherited American Funds

Couple thoughts, As others have mentioned, take this a little slow. Get educated about your options (and you're in the right place to do so). Good advice by others to not deal with the salesman other than to transfer the funds. Do not be reticent about being explicit that your wishes are to limit ac...
by spencer99
Mon Oct 21, 2019 11:42 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking of hiring a financial planner - any advice?
Replies: 29
Views: 2217

Re: Thinking of hiring a financial planner - any advice?

A well known blogger, The Finance Buff, has a service through which he recommends a suitable fee-only adviser for a reasonable fee. Google: The Finance Buff.
by spencer99
Sun Oct 20, 2019 7:06 pm
Forum: Personal Consumer Issues
Topic: Updgrade car for new safety features?
Replies: 77
Views: 5517

Re: Updgrade car for new safety features?

The following describes only my own behavior. I've been a fairly safe driver and probably a little lucky as well. In 50+ years of driving I've never had even a fender-bender with one exception – the other driver was intoxicated and rear ended my vehicle. But, I sometimes drive too fast, I occasional...
by spencer99
Sun Oct 13, 2019 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Beneficiaries on Retirement Accounts
Replies: 13
Views: 1526

Re: Beneficiaries on Retirement Accounts

My mom added me as a beneficiary to all her retirement accounts, but my step-dad is also listed as a beneficiary. That doesn't seem right to me. The way she explained it to me was that I would inherit her retirement accounts, and my step-dad's kids would inherit his retirement accounts. I'm making ...
by spencer99
Fri Oct 04, 2019 6:48 pm
Forum: Investing - Theory, News & General
Topic: Active management - Beware the 'inside view'
Replies: 3
Views: 1310

Active management - Beware the 'inside view'

I wanted to share a short article linked at the 'Abnormal Returns' website. The article, Active Management is Reliant on the 'Inside View,' written by Joe Wiggins references Kahneman and Tversky. It contrasts the 'inside view' and 'outside view' as we evaluate investment approaches. For me, it was a...
by spencer99
Sun Sep 15, 2019 10:48 am
Forum: Personal Finance (Not Investing)
Topic: social security benefit - confused about choosing start date
Replies: 35
Views: 3340

Re: social security benefit - confused about choosing start date

> I filed for (restricted) divorced spousal benefit this year. > I am post-FRA. > I filed three months in advance of my ex's 62nd birthday in June, 2019. I was explicit that I was filing effective June, 2019. > I was granted the spousal benefit effective in July, 2019 and received my first month's ...
by spencer99
Sat Sep 14, 2019 11:46 pm
Forum: Personal Finance (Not Investing)
Topic: social security benefit - confused about choosing start date
Replies: 35
Views: 3340

Re: social security benefit - confused about choosing start date

Your SS benefit starts in January (the month you were born). However, your first check is paid in February since you are paid one month in arrears. There is a comment section on the form that you can explain in plain English what your intent is. The only time that you must be of a claimant age for ...
by spencer99
Wed Aug 14, 2019 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: Overwhelmed with Social Security and Medicare Benefits for DM
Replies: 9
Views: 1357

Re: Overwhelmed with Social Security and Medicare Benefits for DM

I assume that she should: 1) sign up for Medicare Part A 2) not sign up for Medicare Part B (because she already has health insurance from work?) 3) delay taking her own SSN benefits now until age 70. I am not sure how to perform this calculation. 1) Be careful here if your mother is funding a HSA ...
by spencer99
Tue Aug 13, 2019 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: Use Vanguard MM Prime for cash rather than local bank?
Replies: 69
Views: 7995

Re: Use Vanguard MM Prime for cash rather than local bank?

We have too much money in our bank's checking accounts that pay little or no interest. We are thinking of minimizing the amounts in these accounts and instead using Vanguard MM Prime to hold cash that we do not need on a day-to-day basis since MM Prime pays 2% or more. The only problem we foresee i...
by spencer99
Sat Jun 22, 2019 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: How long for spousal benefits to get approved?
Replies: 2
Views: 448

Re: How long for spousal benefits to get approved?

Barb, I filed a similar application this spring. Timeline of my experience (so far) below. Restricted spousal application filed online on March 12, 2019. (NOTE: application is based on my ex-spouse's record. She is age 62 in June, 2019. I am not clear on whether that makes me eligible for a benefit ...
by spencer99
Mon Jun 17, 2019 5:11 pm
Forum: Personal Consumer Issues
Topic: how is Home Depot's contractor service (for a water heater)?
Replies: 53
Views: 4869

Re: how is Home Depot's contractor service (for a water heater)?

I don't have information specific to replacement of a water heater but, A family member recently wanted to upgrade flooring prior to a condo sale. The Home Depot bid was expensive and unclear (seemingly containing a number of "uncertain" costs that could add significantly to final cost). These ambig...
by spencer99
Thu May 30, 2019 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Naming beneficiaries for non-retirement accounts
Replies: 15
Views: 1399

Re: Naming beneficiaries for non-retirement accounts

I was just thinking about this the other day and found a helpful information page on the Vanguard website:

https://investor.vanguard.com/beneficia ... retirement

S
by spencer99
Sat May 04, 2019 7:40 pm
Forum: Investing - Theory, News & General
Topic: Wouldn't this make Traditional IRA far superior to Roth?
Replies: 82
Views: 8708

Re: Wouldn't this make Traditional IRA far superior to Roth?

Traditional IRA contributions are not always deductible. If you and/or your spouse are covered by an employer plan, there are income limits in place that may disallow the Traditional IRA deduction. For 2019, a taxpayer (filing single) with MAGI > 74K who is covered by an employer plan cannot take a...
by spencer99
Sat Mar 23, 2019 6:20 pm
Forum: Investing - Theory, News & General
Topic: Your thoughts on the teachings of Ed Slott
Replies: 52
Views: 6221

Re: Your thoughts on the teachings of Ed Slott

Another consideration I've seen discussed on the forum is that late-life high medical costs offers the opportunity to pair taxable tIRA withdrawals with substantial deductions resulting in little or no tax obligation. My own situation presents a possible, if perhaps less certain, argument for retain...
by spencer99
Sun Mar 17, 2019 11:05 am
Forum: Investing - Theory, News & General
Topic: Please fact check Vanguard statement RE Social Security
Replies: 6
Views: 1257

Re: Please fact check Vanguard statement RE Social Security

Thanks for everyone's help/advice and special thanks to Mike. His book and contribution to this forum is largely responsible for any understanding I have of an important part of my retirement plan.

Happy St. Paddys all. :sharebeer

S
by spencer99
Sat Mar 16, 2019 10:59 am
Forum: Investing - Theory, News & General
Topic: Please fact check Vanguard statement RE Social Security
Replies: 6
Views: 1257

Please fact check Vanguard statement RE Social Security

The statement below, from the Vanguard website, caught my eye as I think it varies from information I've gathered from Bogleheads and Mike Piper's book. "If you're going to collect on your ex's record—unlike collecting on your own record—there's no advantage to waiting past your ex's full retirement...
by spencer99
Thu Mar 07, 2019 5:02 pm
Forum: Personal Investments
Topic: WRS Additional Contributions
Replies: 31
Views: 1279

Re: WRS Additional Contributions

I think maxing the Roth 457 would be the first thing to do. The interest gain withdrawals will be tax free where as the interest gain withdrawals from the WRS will not be. ^ This. I'm also a WRS member and would not contribute post-tax to a pension where earnings are then taxed when I could contrib...
by spencer99
Mon Feb 11, 2019 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: [2018 tax return - How does it compare to previous years?]
Replies: 441
Views: 35720

Re: Smaller tax refunds this year? Clear explanation please

The article linked below by Matthew Yglesias offered the best explanation I've read. From the article: "And the big story here is that as a result of the new tax law, the Treasury Department tweaked things so that on average taxpayers’ withholdings fell by more than their actual taxes owed." (Acknow...
by spencer99
Fri Jan 04, 2019 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Tax loss harvesting - how simple can I make it?
Replies: 9
Views: 379

Re: Tax loss harvesting - how simple can I make it?

spencer99: You can make it very simple like I do: Simply exchange into a worry-free money market fund for 30 days, and then exchange back into your desired fund. The advantages: * If the 30-day interim fund goes up in value, the gain is taxed at income tax rates. Money Market funds do not have taxa...
by spencer99
Fri Jan 04, 2019 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Tax loss harvesting - how simple can I make it?
Replies: 9
Views: 379

Re: Tax loss harvesting - how simple can I make it?

livesoft wrote:
Fri Jan 04, 2019 12:47 pm
One can always learn to worry about things in the future if they want to. In the meantime, I wouldn't worry.
Got it. Thanks. And thank you too for your previous posts on this topic.

S
by spencer99
Fri Jan 04, 2019 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Tax loss harvesting - how simple can I make it?
Replies: 9
Views: 379

Re: Tax loss harvesting - how simple can I make it?

Simplicity is always nice, preventing problems from happening is always better than correcting them when they arise. OTOH, if you are retired and turn off dividend reinvestment wash sales should be pretty easy to avoid. Thanks mhalley, Yes, I could turn off dividend reinvestment but I hadn't planne...
by spencer99
Fri Jan 04, 2019 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Tax loss harvesting - how simple can I make it?
Replies: 9
Views: 379

Re: Tax loss harvesting - how simple can I make it?

The OP's approach is fine if the broker is Vanguard because 1. No commissions on Vanguard funds. 2. Vanguard will do any bookkeeping of wash sales for the investor, so there is nothing to worry about. 3. If you don't look at your account, then you wouldn't even know if you had a wash sale or not. 4...
by spencer99
Fri Jan 04, 2019 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Tax loss harvesting - how simple can I make it?
Replies: 9
Views: 379

Tax loss harvesting - how simple can I make it?

Hi, Thoughts appreciated on this approach to tax loss harvesting: My retirement savings are in tax-advantaged accounts, but I opened a first taxable account early in 2018. (Retired with no future access to tax-advantaged contribution) I thought I'd add a tax loss harvesting objective to my IPS and p...
by spencer99
Tue Jan 01, 2019 8:41 pm
Forum: Personal Investments
Topic: Social Security for wife
Replies: 10
Views: 844

Re: Social Security for wife

As a general rule, the spouse with the higher benefit should postpone until age 70 while the spouse with the lower benefit should claim at 62. I don’t know if the 8 years difference in your ages would alter the advice. This is a popular calculator on the forum that takes your personal information i...
by spencer99
Sun Nov 11, 2018 1:14 pm
Forum: Investing - Theory, News & General
Topic: Best Finance/Stock Market Films
Replies: 34
Views: 2075

Re: Best Finance/Stock Market Films

I enjoyed many of the movies others' have mentioned. OK, here are two that relate to finance more tangentially: "It's a Wonderful Life" for it's savings and loan sub topic. (Hey, it's coming up on holiday season!) "Tulip Fever" has a peripheral, but interesting, story line relating to the Dutch tuli...
by spencer99
Fri Nov 09, 2018 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: State retirement pensions thoughts?
Replies: 36
Views: 4137

Re: State retirement pensions thoughts?

When it works well (mine is so far) it is pretty nice. Sometimes I feel I'm living in lala land. Others' very real concerns about sustainable withdrawal rates, longevity risk, market volatility, etc. are things that just do not impact me. It helps to be a beneficiary of one of the more responsibly r...
by spencer99
Thu Nov 01, 2018 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: Spouse Diagnosed Non-curable Cancer -- what now?
Replies: 54
Views: 11031

Re: Spouse Diagnosed Non-curable Cancer -- what now?

My advice, as a fellow WM patient, is to live your life the same as if you did not have it. For me, this disease has been little more than a nuisance - constant monitoring with occasional treatment here and there. The worst part of the disease so far was the fear it caused in the first year after d...
by spencer99
Sat Oct 20, 2018 1:07 pm
Forum: Personal Investments
Topic: Portfolio Advice for beginner...
Replies: 5
Views: 771

Re: Portfolio Advice for beginner...

You have a 457b. So, I assume you are a public sector employee. That poses two questions: 1) Are you covered by a defined benefit pension? 2) Are you covered by Social Security? These factors may, but do not necessarily, affect your desired asset allocation. ... and Is your federal tax rate 35% afte...
by spencer99
Mon Oct 15, 2018 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security [impact of earnings on benefits]
Replies: 29
Views: 2976

Re: social security

CurlyDave wrote:
Mon Oct 15, 2018 10:37 pm

CAGR of stocks has been ~10% for about a century. This beats the 8% guaranteed increase of SS benefits.
Dave,

It sounds like you may not agree but do you see how many would not consider an extremely risky/volatile investment as an alternative to almost perfectly secure, COLAed income?

S
by spencer99
Mon Oct 15, 2018 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security [impact of earnings on benefits]
Replies: 29
Views: 2976

Re: social security

Not sure the OP has provided enough background. > How realistic is a return to work? > Spouse's age? > How long spouse may continue to work? > Each spouse's projected PIA? It is possible that their relative ages, earnings, etc may result in OP's claim at 62 with spouse's future delay being reasonabl...
by spencer99
Wed Oct 03, 2018 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Plan For Depleting Your Investments If No Heirs?
Replies: 39
Views: 5034

Re: Plan For Depeting Your Investments If No Heirs?

Lots of good thoughts in this thread.

The advice that resonates most strongly for me is Taylor Larimore's choice: (I'm paraphrasing) To lock in a liability-matching income stream and then gift much of the remainder while you are alive and recipients are very likely to need/appreciate the help.

S
by spencer99
Fri Sep 21, 2018 6:40 pm
Forum: Investing - Theory, News & General
Topic: For those who use a 2 year cash(like) buffer, how do you know when to use it?
Replies: 67
Views: 5954

Re: For those who use a 2 year cash(like) buffer, how do you know when to use it?

Here's a thought - work out what your 2 year cash bucket is as a percentage of your portfolio, maintain that percentage by spending it down if necessary or rebalancing. Thanks Jo, that is the answer I was missing. There's something I'm not understanding here. It doesn't strike me that the "X years ...
by spencer99
Fri Sep 21, 2018 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Claiming Strategy review
Replies: 19
Views: 1771

Re: Social Security Claiming Strategy review

Ace1, thanks. So my spouse would be deemed to be filing for all benefits, but could not actually receive any (reduced) spousal benefits until I file for my earned benefits? That would be a bad situation! I looked into a Social Security planner from Financial Engines and they advocated this strategy...
by spencer99
Sun Sep 02, 2018 12:47 pm
Forum: Personal Investments
Topic: What are your goals when you change your bond funds?
Replies: 36
Views: 2598

Re: What are your goals when you change your bond funds?

The last change I made, several years ago, was to move about 75% of fixed income to TIAA Traditional (liquid, guaranteed 3%). My objective was to maintain reasonably competitive earnings while protecting against loss of NAV. Any change I make in the future will be a trade-off/balancing between the f...
by spencer99
Tue Jul 31, 2018 10:17 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 5033
Views: 1294082

Re: What Movie Have You Recently Watched?

Good westerns are rare now days, but I watched a good one this week. "Hostiles" is not a classically traditional western - more morally ambiguous than typical of the genre. But certainly set in that place/time, wonderfully acted, beautifully filmed, with exciting action scenes,. The film is structur...
by spencer99
Tue Jun 19, 2018 12:35 pm
Forum: Personal Investments
Topic: Thoughts on only putting money into a 457 and 403(b). Does anyone do it?
Replies: 18
Views: 965

Re: Thoughts on only putting money into a 457 and 403(b). Does anyone do it?

I forgot to add a tidbit. I do have a pension, so I will be getting taxed on that, too. I will be taxed on my pension as well as my 457 when I retire. This makes me want to add a Roth for both myself and my wife so we have some income that is not taxed at retirement. Does this seem logical or am I ...
by spencer99
Sun May 13, 2018 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: setting up trust- possible sibling drama may ensue
Replies: 34
Views: 3490

Re: setting up trust- possible sibling drama may ensue

OP,

It is your father who should read Condon's "Beyond the Grave." The author's experience and judgement is enlightening, especially with respect to the impact of poor estate planning on families' future relationships. Your father's real legacy is the well-being of his family, not money.

S
by spencer99
Thu May 10, 2018 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: RMDS, Taxes, Social Security timing
Replies: 16
Views: 2222

Re: RMDS, Taxes, Social Security timing

Jackson12, I've had some of the same questions although more related to the combination of RMD and delayed SS claim positioning me very close to first tier IRMAA jeopardy. Nevertheless, based on reasoning others in this thread highlight I've decided to delay. I waiver occasionally because I'm single...
by spencer99
Thu May 10, 2018 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Please Advise on My/My Spouse’s Social Security Claiming Strategy
Replies: 10
Views: 1667

Re: Please Advise on My/My Spouse’s Social Security Claiming Strategy

Your spouse's claim will have no impact on your benefit or your ability to delay until age 70. A question. Have you considered your option to file a restricted spousal claim after your wife files allowing you to earn one half of your spouse's PIA from that time until age 70 and how those earnings ma...
by spencer99
Mon May 07, 2018 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Credit Score Question
Replies: 25
Views: 2681

Re: Credit Score Question

The only difference that I know of is that I had a relatively recent (opened 2013) store credit card with a low limit of $2000 which I never used & it got closed this month. The store went into bankruptcy and is closing all outlets. My account was closed "at credit grantor request" for this reason....
by spencer99
Tue Apr 10, 2018 2:21 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 5033
Views: 1294082

Re: What Movie Have You Recently Watched?

Personal Shopper A highly focused personal shopper cruises around Paris on her motorcycle taking care of the shopping needs of her wealthy celebrity employer. She is constantly texting and spending more time with her phone than with any human being. The personal shopper, Maureen(played by Kristen S...
by spencer99
Tue Apr 10, 2018 10:55 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 5033
Views: 1294082

Re: What Movie Have You Recently Watched?

Personal Shopper A highly focused personal shopper cruises around Paris on her motorcycle taking care of the shopping needs of her wealthy celebrity employer. She is constantly texting and spending more time with her phone than with any human being. The personal shopper, Maureen(played by Kristen S...
by spencer99
Wed Mar 28, 2018 4:40 pm
Forum: Personal Consumer Issues
Topic: Boglehead Beer
Replies: 909
Views: 171465

Re: Boglehead Beer

My local store recently offered a Guinness "200 Years of Stout in America" sampler. Four good stouts, two of which were outstanding - as good a stout as I've ever enjoyed. 1) First is Guinness Original, the only type I can usually find (other than the Guinness nitro-type stouts which I do not like)....
by spencer99
Fri Mar 16, 2018 11:13 am
Forum: Personal Finance (Not Investing)
Topic: My Social Security -- Benefit Estimate Incremented by Month?
Replies: 8
Views: 1583

Re: My Social Security -- Benefit Estimate Incremented by Month?

Hi alamander, I had the something of the same question when I received my recent SS statement. My FRA is 66, I'm currently almost 67, and I am delaying. My statement also shows an estimate at age 66 . Current statement shows a benefit greater than last year's age 66 PIA. That benefit is a little mor...
by spencer99
Wed Mar 07, 2018 3:36 pm
Forum: Investing - Theory, News & General
Topic: In-law advice?
Replies: 24
Views: 3114

Re: In-law advice?

I used the outline below when asked to speak to a young relative. I kept things very general but volunteered to send background/reference material should he want more detail. 1. Live below your means 2. No debt except a mortgage 3. Emergency fund 4. Save for the near-term – wants (be your own bank) ...