Search found 329 matches

by kyounge1956
Thu May 02, 2013 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security before 62 based on diagnosis alone?
Replies: 3
Views: 679

Social Security before 62 based on diagnosis alone?

I have recently been diagnosed with a serious medical condition. I'm a member of a support group, and our facilitator suggested I investigate whether I can take Social Security earlier than age 62, based on my diagnosis only. So far, the medical condition isn't disabling, but I've just retired after...
by kyounge1956
Tue Aug 14, 2012 11:42 pm
Forum: Investing - Help with Personal Investments
Topic: Widow Inheriting Roth IRA as Beneficiary
Replies: 5
Views: 1889

Re: Widow Inheriting Roth IRA as Beneficiary

She should advise the Roth custodian that she wants to treat the inherited Roth as her own. Usually, the custodian will transfer the Roth to a new Roth account in her name as owner, not as beneficiary. She will then be treated as if she owned the Roth IRA all along. There will be no RMDs, and if yo...
by kyounge1956
Tue Aug 14, 2012 10:37 pm
Forum: Investing - Help with Personal Investments
Topic: Widow Inheriting Roth IRA as Beneficiary
Replies: 5
Views: 1889

Widow Inheriting Roth IRA as Beneficiary

My dad died last December. He had a Roth IRA, of which my mother is the beneficiary. Are there RMD requirements for spouse beneficiaries on a Roth? If so, does my Mom have to empty the account in 5 years, or does she use an RMD based on her life expectancy? She will be 86 in November. She never had ...
by kyounge1956
Thu Jan 19, 2012 8:45 pm
Forum: Personal Consumer Issues
Topic: Tithe 10% of Gross?
Replies: 102
Views: 8115

Re: Tithe 10% of Gross?

I have avoided commenting until now - Is religion now allowed as a topic and can I substitute my own delusion instead Discussion of delusions is off limits too—"questions on specific medical conditions are beyond the scope of the forum". How about if we rephrase the OP's question thusly: ...
by kyounge1956
Thu Jan 19, 2012 8:21 pm
Forum: Investing - Theory, News & General
Topic: Poll 1. How many funds are you invested in? [2008]
Replies: 28
Views: 4794

Re: Poll 1. How many funds are you invested in? [2008]

tax deferred: 100% in Vanguard Target Retirement Income through the end of 2011. New contributions this year going into Stable Value Fund Roth: Divided between Vanguard Inflation Protected Securities and Vanguard REIT fund. New contributions this year divided evenly between the same two funds. There...
by kyounge1956
Wed Jan 18, 2012 1:08 am
Forum: Personal Consumer Issues
Topic: Tithe 10% of Gross?
Replies: 102
Views: 8115

Re: Tithe 10% of Gross?

I think it is find to give to a church or other religious institution. I think it is dead wrong for the church to ask for a tithe or expect it. Charity should be distributed to various groups and the church uses it only for its own purposes and desired needy to help. It is a tradition that has been...
by kyounge1956
Wed Jan 18, 2012 12:46 am
Forum: Personal Consumer Issues
Topic: Tithe 10% of Gross?
Replies: 102
Views: 8115

Re: Tithe 10% of Gross?

I think it's unfortunate that giving away significant sums of money is considered only for religious people. Don't we all get more satisfaction from doing good than by buying a dinette set? To flip a Bible saying around, our hearts tend to be where our treasures are. If you give more, you'll probab...
by kyounge1956
Wed Jan 18, 2012 12:32 am
Forum: Personal Consumer Issues
Topic: Tithe 10% of Gross?
Replies: 102
Views: 8115

Re: Tithe 10% of Gross?

Many God fearing and charitable (not mutually exclusive) folks do this. I don't have the numbers but it's a pretty common practice. I've often wondered what percentage of folks giving 10% have adequate retirement savings plans? I donate 10% of my gross salary to my local parish church and occasiona...
by kyounge1956
Tue Jan 17, 2012 11:28 am
Forum: Investing - Help with Personal Investments
Topic: Pension Maximization Insurance
Replies: 40
Views: 2364

Re: Pension Maximization Insurance

Jack Jr., are you also a 22 year old asking about whole life insurance? The skepticism on this board is well earned. If this is a legitimate post, the answer is that you would be absolutely 100% foolish to not explore permanent life insurance. Please notice that I'm not saying that life insurance s...
by kyounge1956
Sat Jan 14, 2012 12:31 am
Forum: Personal Consumer Issues
Topic: Buying refurbished Dare I say...Apple
Replies: 22
Views: 3025

Re: Buying refurbished Dare I say...Apple

I've had good experience with buying refurbished directly from Apple. Bought an iPad 1 the day that the iPad 2 was announced for $150 off the retail price and it came with a brand new battery and looked 100% the same as new. My experience was just the opposite. The only computer I've ever had major...
by kyounge1956
Fri Jan 13, 2012 4:42 pm
Forum: Investing - Help with Personal Investments
Topic: When do you invest in your Roth?
Replies: 87
Views: 6811

Re: When do you invest in your Roth?

englishgirl wrote:$208 every biweekly paycheck.

+ $8 during January.

Who is your IRA custodian? Mine won't do biweekly and since that's how I get paid I'd really prefer to make contributions on the same schedule.
by kyounge1956
Fri Jan 13, 2012 3:59 pm
Forum: Investing - Theory, News & General
Topic: What fund(s) do you have in your Roth IRA?
Replies: 40
Views: 4495

Re: What fund(s) do you have in your Roth IRA?

In my ROTH IRA I do hold Vanguard REIT and Vanguard TIPS as I do not have these choices in my 401K. Same here. Up until last year, all new Roth contributions went into the TIPS fund, but I am about at the bottom of my REIT rebalancing band, so this year new contributions will go into the TIPS fund ...
by kyounge1956
Fri Jan 13, 2012 3:54 pm
Forum: Investing - Help with Personal Investments
Topic: When do you invest in your Roth?
Replies: 87
Views: 6811

Re: When do you invest in your Roth?

I contribute monthly by automatic transfer from my checking account. I will have to do a few contributions manually this year as I am in the process of moving my account from a mega-bank to a smaller one.
by kyounge1956
Thu Jan 12, 2012 11:17 pm
Forum: Investing - Theory, News & General
Topic: "6 Steps to Hiring a Financial Planner"
Replies: 7
Views: 1080

Re: "6 Steps to Hiring a Financial Planner"

I didn't go through this whole procedure when I chose a financial planner, but even if I had, I still would have been dissatisfied with the outcome. I had a very specific question I wanted the planner to answer for me: given my current assets, savings rate, life expectancy, asset allocation, etc, wh...
by kyounge1956
Sat Jan 07, 2012 4:25 pm
Forum: Investing - Theory, News & General
Topic: What is the single most important investing belief?
Replies: 128
Views: 10620

Re: What is the single most important investing belief?

Living below your means . (snip) From this simple practice, all subsequent investing beliefs are just refinements. +10! The Richest Man in Babylon puts it this way: "A part of all you earn is yours to keep." If you spend every penny you earn, you won't have anything to invest, and if you ...
by kyounge1956
Sat Jan 07, 2012 4:21 am
Forum: Personal Consumer Issues
Topic: Would you trade all of your wealth to be 20 again?
Replies: 93
Views: 7649

Re: Would you trade all of your wealth to be 20 again?

Not a chance. Right now, I'm within a year and a half of being able to retire, and looking forward to it tremendously. Even if went back knowing everything I know now, there's no way I could start from scratch and save up enough in a year and a half to last me the rest of my life, and there's no gua...
by kyounge1956
Tue Jan 03, 2012 11:12 am
Forum: Investing - Help with Personal Investments
Topic: Question about allocation among fixed-income investments
Replies: 12
Views: 1313

Re: Question about allocation among fixed-income investments

I have a related question. The OP asked about a bond allocation which includes only Total Bond Market and TIPS, but I noticed that Taylor and some others who responded also divide their bond allocation between just those two categories. Is there a specific reason for omitting non-inflation linked T...
by kyounge1956
Tue Jan 03, 2012 12:48 am
Forum: Investing - Help with Personal Investments
Topic: Question about allocation among fixed-income investments
Replies: 12
Views: 1313

Re: Question about allocation among fixed-income investments

I have a related question. The OP asked about a bond allocation which includes only Total Bond Market and TIPS, but I noticed that Taylor and some others who responded also divide their bond allocation between just those two categories. Is there a specific reason for omitting non-inflation linked Tr...
by kyounge1956
Tue Dec 27, 2011 2:32 pm
Forum: Investing - Theory, News & General
Topic: Mel in WSJ - "A High-Rate Deadline Looms"
Replies: 49
Views: 6152

Re: Mel in WSJ - "A High-Rate Deadline Looms"

If some people want to make it their crusade to avoid using TD, it is up to them. I don't let others decide for me. I tried the new login procedure and I choose to use it. I plan to buy more in January. Jerry Hi Jerry:(snip) With paper I Bonds, if they're lost, stolen, destroyed or even fraudently ...
by kyounge1956
Tue Dec 27, 2011 12:10 am
Forum: Investing - Theory, News & General
Topic: Mel in WSJ - "A High-Rate Deadline Looms"
Replies: 49
Views: 6152

Re: Mel in WSJ - "A High-Rate Deadline Looms"

In 2012, you also still will have the option to get your tax refund in the form of I-bonds. Since that allows you to receive an additional $5,000 in I Bonds, that has led some investors to intentionally overpay their taxes, Mr. Lindauer says." (snip) Also, I wonder when we overpay? with our Es...
by kyounge1956
Fri Dec 23, 2011 11:23 am
Forum: Investing - Theory, News & General
Topic: Grok's Tip #11: Take Grok's pledge!
Replies: 162
Views: 25004

Re: Grok's Tip #11: Take Grok's pledge!

Grok I like most of what you say, although I'd like to discuss to point on covered calls. (snip) could you shed more light on this? Thanks! Hi imflyboy, Well again I don't like the risk profile. Instead of capped upside and unlimited downside (what you get when your write a covered call) I'd rather...
by kyounge1956
Sat Nov 26, 2011 7:37 pm
Forum: Personal Consumer Issues
Topic: What are the stupidest things you wasted your $ on
Replies: 75
Views: 6888

Re: What are the stupidest things you wasted your $ on

I have a Roth IRA dating from circa 1999 which has about $60 left in it today, courtesy of Worldcom. I no longer qualify to fund a Roth, so I can't do anything to raise its balance. Last year, Ameritrade starting dinging me $2/quarter to keep it open. I'll cash it out eventually but I imagine the t...
by kyounge1956
Sat Nov 26, 2011 2:12 pm
Forum: Personal Consumer Issues
Topic: Does television streaming online make cable obsolete?
Replies: 17
Views: 2759

Re: Re:

(snip)We heard on the radio just a few days ago that the major labels plan to discontinue CD's at the end of 2012 (I knew they would, but sooner than I guessed). Boy am I old, I've seen vinyl, cassette, 8-track and now CD's come and go... did the radio story say anything about audiobooks? Will they...
by kyounge1956
Sat Nov 26, 2011 1:56 pm
Forum: Personal Consumer Issues
Topic: What are the stupidest things you wasted your $ on
Replies: 75
Views: 6888

Re: What are the stupidest things you wasted your $ on

Not giving up sooner on building a multi-level marketing business. I won't say it was a waste of money to get involved at all, but I should have realized a lot sooner that I was not going to succeed at developing a distributor group, and decreased my involvement to buying products at wholesale for m...
by kyounge1956
Sun Oct 16, 2011 10:01 am
Forum: Investing - Theory, News & General
Topic: The role of Gold as portfolio insurance
Replies: 52
Views: 5293

<snip>If I did include precious metals as an additional hedge, I'd be inclined to buy some "junk" silver coins rather than gold. Something I've read, I forget where, pointed out the difficulty of using gold for small purchases like the above-mentioned chicken & potatoes. A gold coin i...
by kyounge1956
Sun Oct 16, 2011 12:40 am
Forum: Investing - Theory, News & General
Topic: The role of Gold as portfolio insurance
Replies: 52
Views: 5293

I'm curious about the firearms over gold as insurance argument. Do firearms maintain their value over time? I don't know a thing about guns, but if bought a case (carton? box?) of bullets or a rifle of some sort, would I be able to sell it 20 years later for the same inflation-adjusted price? I thi...
by kyounge1956
Sat Oct 15, 2011 2:38 pm
Forum: Investing - Help with Personal Investments
Topic: Poll: What percent of your investable assets are in Roths?
Replies: 57
Views: 3960

I didn't vote in the poll, but I think I'm close to 25% Roth at age 55. Last time I checked, my balance in tax-deferred plan at work was a bit under 3x the Roth balance, but there are a few miscellaneous items like Savings Bonds, which might bring the Roth fraction down to just under 25%. I'm too la...
by kyounge1956
Sat Oct 15, 2011 1:37 pm
Forum: Investing - Theory, News & General
Topic: How do you calculate your REIT allocation?
Replies: 30
Views: 9020

Re: How do you calculate your REIT allocation?

A lot of people recommend a 5% or 10% allocation to a REIT fund, as part of one's equity allocation, using something like Vanguard's U.S. REIT fund (VGSIX/VNQ), perhaps in combination with an international REIT fund. When people are calculating this 5-10%, do they include the percent of other funds...
by kyounge1956
Thu Sep 15, 2011 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: Will vs Trust
Replies: 55
Views: 7559

For your situation, a well drafted will, done in consultation with an attorney, would be just the ticket. The "high costs of probate" argument is highly over rated. For the most part, you can pay the legal fees to set up, maintain and distribute a living trust, or pay the legal fees to cr...
by kyounge1956
Thu Sep 15, 2011 10:39 am
Forum: Investing - Theory, News & General
Topic: Retirement Calculators and Spending Models
Replies: 74
Views: 14723

Art: I was interested in Eric's Tip$ter, so I went to his website. There, I discovered it wouldn't run on my Mac. I then wondered if the requirements for running any of the simulations or calculators were listed on the wiki page. I couldn't find any. While a complete specification, e.g. OS X 10.7 o...
by kyounge1956
Thu Sep 15, 2011 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Will vs Trust
Replies: 55
Views: 7559

For your situation, a well drafted will, done in consultation with an attorney, would be just the ticket. The "high costs of probate" argument is highly over rated. For the most part, you can pay the legal fees to set up, maintain and distribute a living trust, or pay the legal fees to cr...
by kyounge1956
Thu Sep 15, 2011 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Will vs Trust
Replies: 55
Views: 7559

kyounge1956, have you never been married? There are some ERISA regulations about ex-spouses on 401ks, etc. As to probate, it really depends on your jurisdiction. In some cases it can be very expensive; in some cases not at all. In some cases it is based on the size of your estate; in some cases a f...
by kyounge1956
Wed Sep 14, 2011 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Will vs Trust
Replies: 55
Views: 7559

A trust will generally cost more to setup than a will. Depending on your estate, you may or may not benefit from a trust. There are many types of trusts to chose, a popular one is a living trust. A living trust is used a probate avoidance mechanism. Also are irrevocable trusts used for estate tax p...
by kyounge1956
Wed Sep 14, 2011 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Will vs Trust
Replies: 55
Views: 7559

Where do you want your money to go? If it will all go to a charity, then a will is probably sufficient. I haven't really decided, but probably to my three siblings and their descendants, and/or charities. I should probably add that I am not a "high net worth individual", and I don't expec...
by kyounge1956
Wed Sep 14, 2011 1:22 am
Forum: Personal Finance (Not Investing)
Topic: Will vs Trust
Replies: 55
Views: 7559

Will vs Trust

I'm 55, unmarried/no children, planning to retire mid 2013. Up until now, I haven't done any estate planning at all. My employer offers a limited amount of free assistance with writing a will and other estate planning documents like a living will. If I want to take advantage of this benefit, I need ...
by kyounge1956
Tue Sep 13, 2011 1:15 am
Forum: Personal Finance (Not Investing)
Topic: Starting a 529 for niece?
Replies: 16
Views: 3454

I want to make sure I understand the rules on this. I am thinking of setting up a 529 for my great-nephew, my sister's grandson, who is now just over one year old. If I set up the account with myself as owner and great-nephew as beneficiary, the money I put in now grows tax deferred until needed for...
by kyounge1956
Sun Sep 11, 2011 5:01 pm
Forum: Personal Consumer Issues
Topic: Do you work to live or live to work?
Replies: 50
Views: 4643

(snip) And find a way to transition to what you love to do and see if there's a way to make at least a little money from it. Talk about YMMV. I guess for the entrepreneurially inclined, the process of creating a business from scratch is a source of enjoyment in addition to whatever fun there is in ...
by kyounge1956
Sun Sep 11, 2011 4:30 pm
Forum: Personal Consumer Issues
Topic: Do you work to live or live to work?
Replies: 50
Views: 4643

I definitely work to live, and as soon as I no longer need to work in order to live, I'll stop working. I certainly have no cause for complaint about my employer. The working conditions, co-workers and pay are good, and I enjoy a good deal of latitude in my hours, when I take time off, and so on, bu...
by kyounge1956
Thu Sep 01, 2011 11:53 pm
Forum: Investing - Help with Personal Investments
Topic: A particular Monte Carlo Calculator - accuracy of?
Replies: 8
Views: 1531

The information you are looking for is in the FAQ . The numbers don't change with the inflation rate, because the results are displayed in today's dollars. If you click on the Additional Inputs button, enter an income stream of "Pension (no COLA)", run the simulation and then look at the A...
by kyounge1956
Wed Aug 31, 2011 10:36 am
Forum: Investing - Help with Personal Investments
Topic: Best College Savings Vehicle for Distant Relatives?
Replies: 3
Views: 667

For current living relatives, you could continue buying I bonds (paper) through year-end. Alternatively, you could open a 529 plan in your name and then change the beneficiary or possibly set up a trust with the intent to distribute to your heirs upon reaching college age. Can a 529 account have mu...
by kyounge1956
Wed Aug 31, 2011 1:29 am
Forum: Investing - Help with Personal Investments
Topic: Best College Savings Vehicle for Distant Relatives?
Replies: 3
Views: 667

Best College Savings Vehicle for Distant Relatives?

In the past, I bought Savings Bonds through payroll deduction as tax-deferred savings which I could make available to my nieces if any of them needed help paying for college. Payroll deduction is no longer available and anyway, after I retire, I won't have a paycheck to deduct from I'd like to put a...
by kyounge1956
Tue Aug 30, 2011 10:45 pm
Forum: Investing - Theory, News & General
Topic: TreasuryDirect Puts It In Writing
Replies: 22
Views: 3559

a) Young whippersnapper behind the desk says "what the F is this ?" and crusty old authoritarian says "a savings bond. You got your final warning to convert it back in 2017. Can't help you. Took the feature out in our '18 software upgrade. Go try to sell it as a collectible on eBagel...
by kyounge1956
Sun Aug 28, 2011 1:20 pm
Forum: Personal Consumer Issues
Topic: What would it take to make the penny disappear?
Replies: 86
Views: 8116

I think it far more likely that a price of $2.99 would be rounded up by one cent than down by nine. Doubtful, why do you think retail prices are so often things like $2.95, $2.98, $2.99, $299, $2995, rather than $3, $300, or $3000? Now if it were at $2.89, then yes it would likely go up to $2.9 in ...
by kyounge1956
Sun Aug 28, 2011 2:02 am
Forum: Personal Consumer Issues
Topic: What would it take to make the penny disappear?
Replies: 86
Views: 8116

Yes, that would make the dime the new "penny" (smallest denomination accepted) and the 50 cent piece the new "nickel". The dollar coin would be the new "dime" - all with the purchasing power related to the 50's and 60's. With the 10/50 - I do think we need a new (and s...
by kyounge1956
Sun Aug 28, 2011 1:51 am
Forum: Personal Consumer Issues
Topic: What would it take to make the penny disappear?
Replies: 86
Views: 8116

(snip)I'd say go with a dime as the smallest denomination and we can just drop a decimal place in all monetary matters. This would result in prices decreasing as, for example, every $2.99 item would be repriced at $2.9. (snip) I think it far more likely that a price of $2.99 would be rounded up by ...
by kyounge1956
Fri Aug 26, 2011 10:35 am
Forum: Investing - Help with Personal Investments
Topic: Venita Van Caspel
Replies: 7
Views: 3433

As far as I can determine, she wrote the very first general financial planning books. I first learned about investing from her first book From my book review on Amazon back in 2005: As an introductory text on financial planning, I give it a B. I got my first taste of financial planning back in 1979...
by kyounge1956
Tue Aug 23, 2011 10:55 am
Forum: Personal Consumer Issues
Topic: What would it take to make the penny disappear?
Replies: 86
Views: 8116

Quarter means one-fourth. Fifty cents is not one-fourth of a dollar, but half of a dollar. Mathematically speaking, as long as there are one hundred cents in a dollar, the only possible value for a quarter is twenty-five cents. Currently US coins come in values of one, five, ten, twenty-five and fi...
by kyounge1956
Tue Aug 23, 2011 10:43 am
Forum: Personal Consumer Issues
Topic: What would it take to make the penny disappear?
Replies: 86
Views: 8116

I don't like the idea of rounding to the nearest five cents, and I like rounding to the nearest dime even less, so I would prefer that we continue to have a one-cent coin. I understand what you are saying, but how do you know where to stop? Should we support the introduction of a one/tenth of a cen...
by kyounge1956
Tue Aug 23, 2011 1:13 am
Forum: Personal Consumer Issues
Topic: What would it take to make the penny disappear?
Replies: 86
Views: 8116

How about this idea: eliminate the penny and nickel, keep the dime, and change the quarter to 50 cents. You can't change a quarter (one-fourth of a dollar) to fifty cents unless you change the dollar to two hundred cents. What do you mean, can't? Sure it requires modifying change machines, but the ...
by kyounge1956
Mon Aug 22, 2011 11:07 am
Forum: Personal Consumer Issues
Topic: What would it take to make the penny disappear?
Replies: 86
Views: 8116

How about this idea: eliminate the penny and nickel, keep the dime, and change the quarter to 50 cents. You can't change a quarter (one-fourth of a dollar) to fifty cents unless you change the dollar to two hundred cents. What you are describing is eliminate the penny, nickel and quarter, retain th...