Search found 312 matches

by spencer99
Mon Oct 15, 2018 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security [impact of earnings on benefits]
Replies: 19
Views: 1734

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: 19
Views: 1734

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: 4637

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: 5551

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: 1616

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: Investing - Help with Personal Investments
Topic: What are your goals when you change your bond funds?
Replies: 36
Views: 2386

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: 3745
Views: 1066370

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: Investing - Help with Personal Investments
Topic: Thoughts on only putting money into a 457 and 403(b). Does anyone do it?
Replies: 18
Views: 853

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: 3141

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: 1931

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: 1404

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: 2194

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: 3745
Views: 1066370

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: 3745
Views: 1066370

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: 837
Views: 155325

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: 1521

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: 2834

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: 3745
Views: 1066370

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 2018?
Replies: 151
Views: 12392

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: 881

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: 68458

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: 1963

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: 30445

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: 1564

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: Investing - Help with Personal Investments
Topic: Help with Mother's Portfolio
Replies: 18
Views: 2016

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: 3745
Views: 1066370

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: 3745
Views: 1066370

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: Investing - Help with Personal Investments
Topic: Help with Mother's Portfolio
Replies: 18
Views: 2016

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: 2234

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: 3745
Views: 1066370

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: Investing - Help with Personal Investments
Topic: Switching Retirement Plan Investments
Replies: 4
Views: 814

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...
by spencer99
Mon Jul 24, 2017 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: MAGI and Medicare
Replies: 29
Views: 3221

Re: MAGI and Medicare

If the part-timer instead contributed $4,000 into an individual (non-employee-sponsored) IRA, would that bring the MAGI down to under $170k ? OP, I thought (could be wrong) that contribution to a traditional IRA was not permitted >= age 70. Does that ring a bell anyone? Also, my understanding is th...
by spencer99
Tue Jul 18, 2017 5:26 pm
Forum: Investing - Theory, News & General
Topic: "The Benefits of Elegantly Simple Portfolio Construction"
Replies: 7
Views: 1589

Re: "The Benefits of Elegantly Simple Portfolio Construction"

The article also addresses human nature's behavioral weakness to want to keep fine-tuning things. My way of putting it is that if something has lots of knobs and buttons people will play with them -- especially if the "ephemeral" scales on the knobs keep drifting around and newly discovered knobs k...
by spencer99
Thu Jul 06, 2017 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Good Reads
Replies: 6
Views: 900

Re: Good Reads

Welcome to Bogleheads Cam, A couple suggestions, For covering both investing and financial history William Bernstein is hard to beat - any of his books. An interesting non-investment book I recommend is Charles Wheelan's survey of the concepts of money and monetary policy. Serious stuff but very ent...
by spencer99
Sun Jul 02, 2017 6:22 pm
Forum: Investing - Help with Personal Investments
Topic: Grandson's request for advice
Replies: 37
Views: 4498

Re: Grandson's request for advice

It strikes me that a primary goal may be the nurturing of the relationship (mentor/trust). Sometimes that means we take a step back from our own preferences and acknowledge another's choices and their (hopeful) ability to learn from them. Your continued engagement may serve as a bridge from a teenag...
by spencer99
Sun Jun 18, 2017 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: When should wife take SS?
Replies: 9
Views: 1929

Re: When should wife take SS?

Peter Foley wrote:If the Op's spouse does not file and claim SS at age 62, can the OP still file a restricted application at FRA 66 and collect spousal benefits?
No
by spencer99
Sun Jun 18, 2017 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: When should wife take SS?
Replies: 9
Views: 1929

Re: When should wife take SS?

lbrowning wrote:If she does claim SS at age 62, can I just wait a year and file a restricted application for my spousal benefits when I reach FRA at 66?
Yes
by spencer99
Sun Jun 18, 2017 5:58 pm
Forum: Personal Consumer Issues
Topic: Deck needs replaced, what should I get?
Replies: 17
Views: 2452

Re: Deck needs replaced, what should I get?

Hi Corn18,

If you've got an hour the recent radio show linked below was interesting. Speaker was a renovation specialist and most of the discussion was about deck safety, new materials, renovation, etc.

http://www.wpr.org/shows/home-improvement-decks

s
by spencer99
Thu Jun 08, 2017 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: How to deal with a personal finance cynic
Replies: 109
Views: 9435

Re: How to deal with a personal finance cynic

I do think he understands that he is responsible for his future. It is the cynicism that has set in, I feel, that is hindering him doing more than he is. I get the sense that he thinks that it is very hard for most of the common folk to move ahead in this land of opportunity. I am pretty sure that ...
by spencer99
Mon Jun 05, 2017 10:11 pm
Forum: Personal Consumer Issues
Topic: Favorite Thriller Authors and Why
Replies: 54
Views: 11408

Re: Favorite Thriller Authors and Why

Dating myself because all these old masters are long gone. However ... John D. MacDonald -- for the rhythm of his prose, the characters, the Florida setting Ross MacDonald -- the intricate structure of his multi-gnerational plots Raymond Chandler -- his dialogue, prose and Southern California setti...
by spencer99
Wed May 31, 2017 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Senility: How do you plan on protecting your money when you lose your mental capacities?
Replies: 72
Views: 8484

Re: Senility and Seductresses: How do you plan on protecting your money when you lose your mental capacities?

Lots of responders mention the concern of having no reliable backup/children/family. That's a large cohort and as they age and siblings die off will get larger. This is a serious need or business opportunity, depending on your point of view. I looked into this at one time. Not as a customer, I was t...
by spencer99
Wed May 31, 2017 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Senility: How do you plan on protecting your money when you lose your mental capacities?
Replies: 72
Views: 8484

Re: Senility and Seductresses: How do you plan on protecting your money when you lose your mental capacities?

We don't currently live in a state with physician assisted dying, but the trend is in our favor that such will be in place by our actuarial appointed moment. Available or not, this doesn't address the incompetence problem. AFAIK assisted dying choices are always vetted for "sound mind" or equivalen...
by spencer99
Tue May 30, 2017 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: When you didn't have 401(k)/403(b), did you have IRA?
Replies: 46
Views: 3252

Re: When you didn't have 401(k)/403(b), did you have IRA?

OTOH, this thread has given me an idea: How about a $500 (or some other amount) "bonus" paid to each and every high school graduate when they are at least 18-years old by the Federal government, but it MUST be put into an IRA. This would be like a tax-credit that exists for college bound folks such...
by spencer99
Tue May 30, 2017 8:56 pm
Forum: Investing - Help with Personal Investments
Topic: First "Big Boy" Job - Retirement Investing Advice with an IRA and 457
Replies: 6
Views: 1185

Re: First "Big Boy" Job - Retirement Investing Advice with an IRA and 457

Welcome to the forum Jared, None of this falls into the category of "right or wrong" but a few thoughts. > Think about maxing the IRA and HSA and forgoing the 457 at this time. Reasoning: > If 457 expense ratios are as high as you indicate (and no employer contribution) you have better options in yo...
by spencer99
Mon May 29, 2017 11:11 pm
Forum: Investing - Help with Personal Investments
Topic: help me decide of I should use this wealth manager
Replies: 17
Views: 2498

Re: help me decide of I should use this wealth manager

Thank you everyone. You saved me from making a mistake I would regret. Good advice from others to explore Vanguard PAS services until you get comfortable with this stuff (and you're in exactly the right spot to learn). I'd also check out the web site of a physician who posts here occasionally - Whi...
by spencer99
Sat May 13, 2017 11:32 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on state employee pension.
Replies: 10
Views: 1800

Re: Thoughts on state employee pension.

Just picked up a county job that has a mandatory 7% towards the pension. It is 10 years to become vested. Problem is I was not using this employment for a career path so I'm not certain I will ever be fully vested. I was pretty thrown off that it was a mandatory state retirement system, so apparent...
by spencer99
Sun May 07, 2017 1:58 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 403b / 457
Replies: 7
Views: 968

Re: Roth 403b / 457

...presently 35% marginal. At that rate, traditional is almost certainly better for you than Roth. See Traditional versus Roth - Bogleheads for more details. ESPECIALLY if your plans for financial independence in mid-fifties means not working or less work. That gives you a nice window to convert ta...
by spencer99
Fri May 05, 2017 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: When you didn't have 401(k)/403(b), did you have IRA?
Replies: 46
Views: 3252

Re: When you didn't have 401(k)/403(b), did you have IRA?

@spencer99, Thanks for the post. It made me remember something from elementary school: Other kids were buying stickers for savings bonds, but I could not because my parents wouldn't give me any money. I felt left out, so it was the social media of its day. <snip> So could Facebook, Twitter, and Ins...
by spencer99
Fri May 05, 2017 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: When you didn't have 401(k)/403(b), did you have IRA?
Replies: 46
Views: 3252

Re: When you didn't have 401(k)/403(b), did you have IRA?

I'm going to (sorta) nominate myself as more typical of a non-IRA investor than most Bogleheads. This doesn't exactly describe me now but into my fifties I was: Blue collar Low wage ( very compared to BHs) Related to above but also related to family expenses - little disposable income Uninformed I t...
by spencer99
Thu May 04, 2017 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: Help Mom SS Restricted Application Ex-Spouse
Replies: 3
Views: 710

Re: Help Mom SS Restricted Application Ex-Spouse

OP, You are right. Your mother cannot apply for a restricted spousal benefit until she is FRA. If she applies before FRA she is deemed to be applying for her own benefit. Applying for her own benefit precludes delay/increase of benefit. Under certain circumstances a little may be added to her benefi...