Search found 331 matches

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: 382

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: 4085

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: 1276

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: 7839

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: 5455

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: 1180

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: 1180

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: 27
Views: 876

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: 31121

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: 339

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: 339

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: 339

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: 339

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: 339

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: 796

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: 1841

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: 3947

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: 10641

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: 733

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: 2890

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: 2890

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: 4887

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: 5769

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: 1708

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: 2455

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: 4537
Views: 1168232

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: 902

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: 3318

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: 2083

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: 1557

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: 2488

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: 4537
Views: 1168232

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: 4537
Views: 1168232

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: 165381

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: 1557

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: 2966

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) ...
by spencer99
Sun Jan 14, 2018 11:16 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 4537
Views: 1168232

Re: What Movie Have You Recently Watched?

Watched "A Bigger Splash" this weekend. Promising cast (Ralph Fiennes, Tilda Swinton) but ultimately a waste of time. Plot, character motivations, personal interactions were all a mess. I wasn't surprised when plot took an incoherent twist near end of film - director didn't know what to do with this...
by spencer99
Tue Jan 02, 2018 11:43 pm
Forum: Personal Consumer Issues
Topic: What non fiction book will you be reading in 2019?
Replies: 188
Views: 16879

Re: What non fiction book will you be reading in 2018?

Good thread. I've picked up a couple for my list. First up for me: Complete the one I'm currently reading/ Jonathan Losos - Improbable Destinies: Fate, Chance, and the Future of Evolution Another that I was half way through before needing to return to library/ Nancy Isenberg - White Trash: The 400 y...
by spencer99
Tue Nov 28, 2017 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Earned income reducing social security
Replies: 5
Views: 950

Re: Earned income reducing social security

I'm looking for a resource to help me understand an issue. Any help would be greatly appreciated. Say I took social security early. I am aware that there is an earnings limitation around $16k, and if I make more than that my SS payment will be reduced. My understanding is that my earnings for this ...
by spencer99
Fri Oct 20, 2017 10:43 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 393
Views: 72963

Re: Retirement Account Stolen by Identity theft

Right, live up to your responsibilities. Among them, as documented on the page you linked to: "Never share your user name, password, or other account-related information with anyone." Don't share your passwords with anyone includes your spouse or children (if elderly); you can give them access righ...
by spencer99
Wed Sep 27, 2017 10:54 pm
Forum: Investing - Theory, News & General
Topic: Financial History Books
Replies: 15
Views: 2038

Re: Financial History Books

Can anyone provide a book recommendations about the history of finance and marketplaces? In addition, does anyone have book recommendations that focus on one of the following crisis? 1) Japan's lost decade(s) 2) The Great Depression 3) US 1970's stagflation I'm obviously looking for books that have...
by spencer99
Wed Sep 20, 2017 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 233
Views: 32170

Re: Calling out the not so rich bogleheads

This has the effect of scaring away and/or creating resentment in a lot of people who are not close to being millionaires or even just plain wealthy As a career (mostly) blue-collar employee I may be an outlier on Bogleheads but I have never felt envy or resentment. On the contrary, I am immeasurab...
by spencer99
Fri Sep 15, 2017 11:46 pm
Forum: Personal Finance (Not Investing)
Topic: Pension - 5 Year Certain and Life ?
Replies: 14
Views: 1973

Re: Pension - 5 Year Certain and Life ?

What is a situation where this pension benefit option makes sense? "5-Year Certain and Life": "You receive a monthly benefit for your lifetime.... If you die within the 5-year period, your beneficiary receives payments equal to what you were receiving before you died for what remains of the 5 years...
by spencer99
Wed Sep 13, 2017 10:04 pm
Forum: Personal Investments
Topic: Help with Mother's Portfolio
Replies: 18
Views: 2090

Re: Help with Mother's Portfolio

Suewolf, I may be missing something but something doesn't sound right about a $10,000 RMD on an 85 year olds's 500k tax deferred portfolio. S It's true. The RMD is from her Vanguard accounts (short term invest grade inv, primecap admiral, inflation protected sec, total int'l stock and prime money m...
by spencer99
Sun Sep 10, 2017 9:19 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 4537
Views: 1168232

Re: What Movie Have You Recently Watched?

nisiprius wrote:
Sun Sep 10, 2017 8:58 pm
The Caine Mutiny. Excellent.
WWII ship-board stories are a great genre (although Caine Mutiny is just as much a court room drama).

Two other good ones are "Mister Roberts" and "The Long Voyage Home".

S
by spencer99
Sun Sep 10, 2017 9:15 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 4537
Views: 1168232

Re: What Movie Have You Recently Watched?

Toni Erdmann (Germany 2016) A practical joking father invades his corporate daughter's life. Very funny. The New York Times review said the director was inspired by the Andy Kaufman / Tony Clifton combination. I recommend it. I found it close to unbearable, and gave up after about 90 minutes. I cou...
by spencer99
Sun Sep 10, 2017 7:36 pm
Forum: Personal Investments
Topic: Help with Mother's Portfolio
Replies: 18
Views: 2090

Re: Help with Mother's Portfolio

Suewolf,

I may be missing something but something doesn't sound right about a $10,000 RMD on an 85 year olds's 500k tax deferred portfolio.

S
by spencer99
Tue Aug 22, 2017 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for Medicare when not collecting Social Security
Replies: 17
Views: 2477

Re: Paying for Medicare when not collecting Social Security

I enrolled in Medicare early this year and am not enrolled in SS. I understood I would be billed quarterly. I paid the first quarter by check, filed the auto-pay form, and as of the second quarter my premium is pulled from checking account monthly. (Like another responder I receive a monthly billing...
by spencer99
Thu Aug 10, 2017 11:00 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 4537
Views: 1168232

Re: What Movie Have You Recently Watched?

Their Finest. A different kind of story about Dunkirk. I really enjoyed it. If you enjoyed the series Foyle's War, you would like this. +1 Really enjoyable film. Just finished it last night. And just to elaborate on Ninnie's description, the movie is only peripherally related to Dunkirk. It's a won...
by spencer99
Sat Aug 05, 2017 2:50 pm
Forum: Personal Investments
Topic: Switching Retirement Plan Investments
Replies: 4
Views: 865

Re: Switching Retirement Plan Investments

What do people think of keeping the liquid version of TIAA Traditional in my 403(b)? Should I just change it over to Total Bond? Do I stay invested in TIAA Real Estate for both accounts? Meeting your original objective of a Vanguard-based three fund portfolio makes sense. A couple other, not sugges...