Search found 4842 matches

by midareff
Sat Sep 23, 2017 7:55 am
Forum: Investing - Help with Personal Investments
Topic: IRS Letter
Replies: 6
Views: 216

Re: IRS Letter

I received a letter from the IRS claiming that I made an error of about $550 in my 2015 tax return. They are asking for payment in full within 30 days if I agree with them. After reviewing my records, I believe that the error is on their end. I assume I need to handle resolving this by snail mail, ...
by midareff
Fri Sep 22, 2017 2:45 pm
Forum: Investing - Theory, News & General
Topic: where to put $60,000 for three months...
Replies: 13
Views: 875

Re: where to put $60,000 for three months...

riptide wrote:
Fri Sep 22, 2017 10:11 am
Short term bond? I want to make some money off the $60,000 going to a house down payment. I will need it in 3 months. It just sits in money market account gaining nothing...
Ally 1.5% 11 month CD with no breakage penalty and all accrued interest payable at breakage.
by midareff
Fri Sep 22, 2017 2:44 pm
Forum: Investing - Theory, News & General
Topic: If you will adapt your spending, you money will last longer.
Replies: 8
Views: 1233

Re: If you will adapt your spending, you money will last longer.

Let me supply a corollary..... if you adapt your savings rate so as to be able to fund the life style costs you want in retirement you would be surprised what you can accomplish, especially when you retire into Bull Run like this one.
by midareff
Fri Sep 22, 2017 2:40 pm
Forum: Investing - Help with Personal Investments
Topic: Warren Buffett and Bond Funds
Replies: 35
Views: 2697

Re: Warren Buffett and Bond Funds

I'm a bit more of the William Bernstein side of the fence. I have 15 years of RMD (start 2018) in FI in my IRA. IRA is roughly 42/58, equities/fixed income and I expect equities to make some contribution to the FI in that account in the next 15 years, which will push my projection of IRA life well p...
by midareff
Fri Sep 22, 2017 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: Age you retired
Replies: 66
Views: 3308

Re: Age you retired

64, coming up on 70 now.
by midareff
Wed Sep 20, 2017 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 180
Views: 18361

Re: Calling out the not so rich bogleheads

When I was 35 and freshly divorced it took me 3 or 4 months to save $10 to go out and buy myself 2 Scotchs at $4 each and a $2 tip for the pretty lady who brought them to me. Saved all my pennies, nickels and dimes, there were no spare quarters. It took me a long time to dig out of that situation, ...
by midareff
Mon Sep 18, 2017 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 180
Views: 18361

Re: Calling out the not so rich bogleheads

When I was 35 and freshly divorced it took me 3 or 4 months to save $10 to go out and buy myself 2 Scotchs at $4 each and a $2 tip for the pretty lady who brought them to me. Saved all my pennies, nickels and dimes, there were no spare quarters. It took me a long time to dig out of that situation, b...
by midareff
Mon Sep 18, 2017 6:05 pm
Forum: Investing - Help with Personal Investments
Topic: Retiree Roth Withdrawals
Replies: 10
Views: 1153

Re: Retiree Roth Withdrawals

Everyone's situation is different. I start RMD next year and will be withdrawing from taxable, IRA and Roth.
by midareff
Mon Sep 18, 2017 6:03 pm
Forum: Personal Consumer Issues
Topic: Convertible in Florida or not...
Replies: 36
Views: 2088

Re: Convertible in Florida or not...

When I turned 40 I bought a Porsche convertible and had a blast with it. Top was down almost all the time. I'll be 70 in December and would not do that again for a variety of reasons starting with the fastest way into a rag top convertible is with a knife. Having said that both Mercedes and BMW (and...
by midareff
Mon Sep 18, 2017 6:43 am
Forum: Investing - Theory, News & General
Topic: "Goldman's Bear Market Indicator Shows Crash Dead Ahead"
Replies: 33
Views: 4777

Re: "Goldman's Bear Market Indicator Shows Crash Dead Ahead"

As of Fridays' close I'm 46.5% equities and 53.5% FI and cash. I'm pretty comfortable there and I recall the old adage..... bulls will make money and bears will make money but it is the destiny of a pig to go to slaughter. OTOH, my charming Thai bride and I have been married 7 years this date. Happy...
by midareff
Sun Sep 17, 2017 7:51 am
Forum: Personal Consumer Issues
Topic: point and shoot digital cameras
Replies: 22
Views: 1501

Re: point and shoot digital cameras

The first thing is to determine what your primary use will be... is it to do snaps of the kids or grand-kids, travel or landscape photography, or so forth. The next thing is to determine whether or not you want it to be pocketable, or a neck wearer. I've been doing travel and landscape photography f...
by midareff
Sun Sep 17, 2017 7:13 am
Forum: Personal Consumer Issues
Topic: Account security - Hackers gain access to mobile and then break havoc
Replies: 102
Views: 7611

Re: Account security - Hackers gain access to mobile and then break havoc

and exactly who bears the responsibility (legally) for the fraudulent breach? Let's assume they can't breach your questions security codes with correct answers. I will try to answer a related question "Will I get reimbursed for a fraudulent breach where funds are stolen?" If it's a bank and or a cr...
by midareff
Fri Sep 15, 2017 5:46 pm
Forum: Personal Consumer Issues
Topic: Account security - Hackers gain access to mobile and then break havoc
Replies: 102
Views: 7611

Re: Account security - Hackers gain access to mobile and then break havoc

and exactly who bears the responsibility (legally) for the fraudulent breach? Let's assume they can't breach your questions security codes with correct answers. That's the million dollar (literally for many of the people here) question. It's not one I ever want answered for me via first-person expe...
by midareff
Fri Sep 15, 2017 2:16 pm
Forum: Personal Consumer Issues
Topic: Account security - Hackers gain access to mobile and then break havoc
Replies: 102
Views: 7611

Re: Account security - Hackers gain access to mobile and then break havoc

and exactly who bears the responsibility (legally) for the fraudulent breach? Let's assume they can't breach your questions security codes with correct answers.
by midareff
Fri Sep 15, 2017 11:20 am
Forum: Personal Consumer Issues
Topic: Account security - Hackers gain access to mobile and then break havoc
Replies: 102
Views: 7611

Re: Account security - Hackers gain access to mobile and then break havoc

Well OK, I get emails from banks, credit cards, Vanguard and Fidelity to name a few. If they hack my phone, which does not have LastPass on it, and has LastPass restricted to my home computer with a very long strong alpha numeric upper and lower case password, what do they do next? BTW, the phone i...
by midareff
Fri Sep 15, 2017 10:38 am
Forum: Personal Consumer Issues
Topic: Account security - Hackers gain access to mobile and then break havoc
Replies: 102
Views: 7611

Re: Account security - Hackers gain access to mobile and then break havoc

Well OK, I get emails from banks, credit cards, Vanguard and Fidelity to name a few. If they hack my phone, which does not have LastPass on it, and has LastPass restricted to my home computer with a very long strong alpha numeric upper and lower case password, what do they do next? BTW, the phone i...
by midareff
Fri Sep 15, 2017 10:35 am
Forum: Personal Consumer Issues
Topic: Account security - Hackers gain access to mobile and then break havoc
Replies: 102
Views: 7611

Re: Account security - Hackers gain access to mobile and then break havoc

Well OK, I get emails from banks, credit cards, Vanguard and Fidelity to name a few. If they hack my phone, which does not have LastPass on it, and has LastPass restricted to my home computer with a very long strong alpha numeric upper and lower case password, what do they do next? BTW, the phone i...
by midareff
Fri Sep 15, 2017 6:42 am
Forum: Personal Finance (Not Investing)
Topic: Use IRS Direct Pay for estimated tax payments on irregular Roth conversions?
Replies: 19
Views: 1185

Re: Use IRS Direct Pay for estimated tax payments on irregular Roth conversions?

Why not do the entire annual conversion in January and then pay the additional taxes in four equal estimated tax installments in accordance with the IRS quarterly deadlines? I have been doing Roth conversions the last three or four years. I use Taxcaster and H&R Block's tax forecaster to determine ...
by midareff
Fri Sep 15, 2017 6:37 am
Forum: Personal Consumer Issues
Topic: Account security - Hackers gain access to mobile and then break havoc
Replies: 102
Views: 7611

Re: Account security - Hackers gain access to mobile and then break havoc

Well OK, I get emails from banks, credit cards, Vanguard and Fidelity to name a few. If they hack my phone, which does not have LastPass on it, and has LastPass restricted to my home computer with a very long strong alpha numeric upper and lower case password, what do they do next? BTW, the phone is...
by midareff
Thu Sep 14, 2017 10:15 am
Forum: Personal Consumer Issues
Topic: US removing Kaspersky Antivirus from government computers
Replies: 38
Views: 3365

Re: US removing Kaspersky Antivirus from government computers

Malwarebytes is located in Santa Clara, California.
by midareff
Thu Sep 14, 2017 6:33 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Health Care Fund in my portfolio?
Replies: 32
Views: 2365

Re: Vanguard Health Care Fund in my portfolio?

I have VGHAX @ 10% of total portfolio and have had it for many years, and done very well with it. It throws significant capital gains 2 to 3 times a year which I would not want in a taxable account. With an aging population wave and healthcare penetrating the third world I see it as a lifelong holdi...
by midareff
Wed Sep 13, 2017 1:25 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin in 3-fund indexed portfolio?
Replies: 165
Views: 9685

Re: Bitcoin in 3-fund indexed portfolio?

FWIW.. I do use part of my portfolio to invest in what I think will be hot next. It used to be 3% of my portfolio, which then grew to 5%. Lately it's grown to nearly 7%, all in my Roth, the rest being quite Bogleish, and having done quite well in this 8+ year bull environment. Over the last decade I...
by midareff
Wed Sep 13, 2017 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Getting appraisal on house BEFORE applying for refi?
Replies: 6
Views: 560

Re: Getting appraisal on house BEFORE applying for refi?

The bank will get .. and charge you for.. an appraisal from someone that works for them. It will be conservative, perhaps even unduly so. Using an appraisal you have obtained to counter theirs will be time consuming and may not be to your benefit in the end. Seven or eight years ago I did a re-fi fr...
by midareff
Wed Sep 13, 2017 1:05 pm
Forum: Personal Consumer Issues
Topic: Smart phones and data/text usage.
Replies: 31
Views: 1980

Re: Smart phones and data/text usage.

Car has Navigation so Google Maps isn't needed. This is true if your only priority is THAT you get to your destination, and WHEN is immaterial. Connected apps choose the most efficient route based on actual traffic, accidents, construction, etc. Just on my evening commute, Waze regularly (but unpre...
by midareff
Wed Sep 13, 2017 12:20 pm
Forum: Investing - Help with Personal Investments
Topic: Which Bond Fund Will Perform Best With Rising Rates?
Replies: 27
Views: 3050

Re: Which Bond Fund Will Perform Best With Rising Rates?

No one can tell you what will do best in the future but I suspect the bond fund with the highest SEC % per year of duration will be a better performer in a rising interest rate environment ASSUMING equal measures of risk and credit quality in the fund.
by midareff
Wed Sep 13, 2017 12:16 pm
Forum: Investing - Theory, News & General
Topic: Herd mentality
Replies: 40
Views: 1840

Re: Herd mentality

I was visiting with neighbors last night having a glass of wine and some nice conversation at which point the topic of investing in money came up. It might have even been me that brought it up I don't remember, but it became a very pleasant conversation with my neighbors and they had me questioning...
by midareff
Wed Sep 13, 2017 12:08 pm
Forum: Investing - Theory, News & General
Topic: Herd mentality
Replies: 40
Views: 1840

Re: Herd mentality

I was visiting with neighbors last night having a glass of wine and some nice conversation at which point the topic of investing in money came up. It might have even been me that brought it up I don't remember, but it became a very pleasant conversation with my neighbors and they had me questioning...
by midareff
Wed Sep 13, 2017 12:01 pm
Forum: Personal Consumer Issues
Topic: Smart phones and data/text usage.
Replies: 31
Views: 1980

Re: Smart phones and data/text usage.

No, I've never turned off my smartphone's data. It's an essential part of my style and when I'm out somewhere and want to check something, I do. Often there's WiFi somewhere, like Fenway Park or Home Depot, but cellular data is most helpful when needed, especially when driving with Google maps. I'm...
by midareff
Wed Sep 13, 2017 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Strategy for smartphones.
Replies: 31
Views: 2426

Re: Strategy for smartphones.

We have two Galaxy S7 Edge phones which were purchased outright new and have provided zero trouble. Since you mentioned photography ... Samsung makes a two lens set with back plate for the S7, S7 Edge and even the discontinued Note. Despite DxO's sensor measurement of the Pixel many cell-tographers ...
by midareff
Wed Sep 13, 2017 8:43 am
Forum: Investing - Theory, News & General
Topic: Market timing using Gold-Lumber indicator
Replies: 24
Views: 2051

Re: Market timing using Gold-Lumber indicator

This is why a retail investors' only hope is the Boglehead way of investing. Quote from Uncle Pennybags edited for the purpose of this post. As the hedge fund guru who just paid up his bet, a million bucks to Buffet's designated charity, has found that holding the S&P500 at low cost is very powerfu...
by midareff
Wed Sep 13, 2017 8:34 am
Forum: Personal Consumer Issues
Topic: Smart phones and data/text usage.
Replies: 31
Views: 1980

Re: Smart phones and data/text usage.

Typical phone bill for both of us is $36 on Consumer Cellular ... Did you mean $36 for both together, or $36 for both of you individually? If it's $36 each, look into Cricket. They have a $30 plan that has unlimited data (1Gb at "high" speed, then throttled but unlimited). $36.22 for both together ...
by midareff
Wed Sep 13, 2017 7:39 am
Forum: Personal Consumer Issues
Topic: Smart phones and data/text usage.
Replies: 31
Views: 1980

Smart phones and data/text usage.

Anyone take a minimal data plan and then turn off data at the phone just so it is available if you need it? We have not taken data or text prior to last week when I added it just to be able to use Uber, or use gas finder app services here in Miami. Typical phone bill for both of us is $36 on Consume...
by midareff
Wed Sep 13, 2017 7:25 am
Forum: Personal Finance (Not Investing)
Topic: The 10 year car ownership "rule"
Replies: 95
Views: 10147

Re: The 10 year car ownership "rule"

I've kept cars more than ten years and others less. When I feel uncomfortable about a cars reliability I consider it time for it to go. OTOH, I have changed cars just because I wanted something different too.
by midareff
Tue Sep 12, 2017 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: How to handle medical collections on credit?
Replies: 6
Views: 514

Re: How to handle medical collections on credit?

I would call the hospital and DEMAND they remove the collection company from further action as the failure to update all their addresses is theirs. When they updated the patient record they, not you, failed to update your billing address. You might also want to request/demand an apology letter since...
by midareff
Tue Sep 12, 2017 1:08 pm
Forum: Personal Consumer Issues
Topic: Is it really Worth it to brown bag your lunch at work?
Replies: 313
Views: 16957

Re: Is it really Worth it to brown bag your lunch at work?

I never brown bagged it as I needed that hour to get out, walk around and de-stress. Just figure out how much a soda at lunch runs every day for 30 years and then see how much better you like a free cup of water.
by midareff
Tue Sep 12, 2017 10:37 am
Forum: Personal Consumer Issues
Topic: What do you do in slow travels?
Replies: 55
Views: 4019

Re: What do you do in slow travels?

People are talking about slow travels in retirement, i.e., to spend a week or a month in a place in another country. I just don't know what people do in a foreign city (not speaking the local language) after they finish seeing museums, castles, churches, ruins, etc. I was in Siem Reap of Cambodia t...
by midareff
Tue Sep 12, 2017 7:42 am
Forum: Personal Finance (Not Investing)
Topic: Buying a car with a credit card
Replies: 8
Views: 1247

Re: Buying a car with a credit card

Last car I bought I placed a very large order deposit with a credit card. A 2% cash back card that auto-paid in full. I just wanted to squeeze a few hundred more out of the deal and knew they would not turn that down for an order car..
by midareff
Mon Sep 11, 2017 2:44 pm
Forum: Investing - Theory, News & General
Topic: Yes Virginia, you can lose money in bonds
Replies: 36
Views: 4529

Re: Yes Virginia, you can lose money in bonds

That's why you need to diversify, and own stocks, not just bonds. Also, a mortgage acts like a hedge in a high inflation environment. I do agree that central banks seem to have gotten much better at keeping inflation reasonable and optimized. I would hope that bonds beat inflation but as long as th...
by midareff
Fri Sep 08, 2017 6:52 pm
Forum: Local Chapters and Bogleheads Community
Topic: IRMA coming to South Beach in Miami
Replies: 18
Views: 1639

Re: IRMA coming to South Beach in Miami

The major evacuation routes (I-75 and I-95) are parking lots heading north. Some reports state traffic's moving at anywhere from two-to-nine mph in many places. After Irma visits Taylor's area, it's supposed to come right up the spine of Florida and pay me a visit. I'm on the central east coast, ri...
by midareff
Fri Sep 08, 2017 7:53 am
Forum: Personal Consumer Issues
Topic: Florida Hurricanes: When and where to go?
Replies: 141
Views: 12488

Re: Florida Hurricanes: When and where to go?

Local shelter if you can get there this AM. Routes out of Florida are jammed and service stations are out of fuel. The VERY LAST thing you want to do is experience a storm like this in your car on the road with no fuel and all hotels full. In South Florida on a waterfront island here....... storm su...
by midareff
Thu Sep 07, 2017 11:53 am
Forum: Personal Consumer Issues
Topic: Name something you had to have and now you regret purchasing it?
Replies: 275
Views: 23061

Re: Name something you had to have and now you regret purchasing it?

I purchased an Audio Research LS17 SE preamplifier with great expectations of a sonic quality improvement. Alas, it was awful and I sold it back at a loss to the dealer it came from. Outside of that I probably have more regrets for what I didn't do than what I did do.
by midareff
Wed Sep 06, 2017 11:28 am
Forum: Personal Finance (Not Investing)
Topic: When calculating net worth, how do you value your house?
Replies: 167
Views: 8342

Re: When calculating net worth, how do you value your house?

I don't count car or home. Should I? "should" is the wrong way to ask that question since the right answer is not a matter of opinion. The right question to ask is if home equity is included in the definition of net worth. You can google the definition of "net worth" and you will not find any defin...
by midareff
Tue Sep 05, 2017 10:03 am
Forum: Investing - Theory, News & General
Topic: Is it wise to direct deposit Social Sec to Vanguard?
Replies: 17
Views: 1948

Re: Is it wise to direct deposit Social Sec to Vanguard?

I direct all income flows to my bank, from which all bills are paid. Seems all to logical.
by midareff
Tue Sep 05, 2017 9:56 am
Forum: Investing - Theory, News & General
Topic: Safe Withdrawal Rate -> 2% or lower
Replies: 72
Views: 7646

Re: Safe Withdrawal Rate -> 2% or lower

Folks, Someone else is discussing portfolio construction for a very safe withdrawal. But, does that make any sense if your withdrawal rate is 2% or lower? Won't simple 60/40 portfolio works? There must be a gap in my thinking. For example, if the social security cover 50% of a person's retirement e...
by midareff
Tue Sep 05, 2017 8:45 am
Forum: Personal Finance (Not Investing)
Topic: How do you track expenses ?
Replies: 58
Views: 3487

Re: How do you track expenses ?

I just do my own budget books in excel. It carry's over pension, SS and other income and dividend distributions in taxable from my portfolio excel book and then works expenses from there.
by midareff
Tue Sep 05, 2017 8:43 am
Forum: Investing - Theory, News & General
Topic: Do retiree BHs actually run down their portfolios?
Replies: 73
Views: 8027

Re: Do retiree BHs actually run down their portfolios?

Six years retired now and will be 70 in December. Portfolio is averaging 8.5% since 2010 and WR averaging 3.5%. $ at an all time high so I think I'm going to splurge on a bucket list dream car before year's end. Just like the market has been bountiful the last 8 years or so it can be exactly opposite.
by midareff
Mon Sep 04, 2017 5:16 pm
Forum: Personal Consumer Issues
Topic: Are you a "car guy" or "car gal", how do you fund?
Replies: 41
Views: 2723

Re: Are you a "car guy" or "car gal", how do you fund?

I am very much a car guy who has on occasion,and extended occasion, gone into remission. I've had some pretty interesting cars over my life... approaching 70 in December now. Has a 1967 Austin Cooper 1275S, a Toyota MR2 (1994?), a 1998 Porsche Boxster and a 2000 Boxster S. Presently have a 2013 MB ...
by midareff
Mon Sep 04, 2017 1:45 pm
Forum: Personal Consumer Issues
Topic: Day trips from Las Vegas
Replies: 16
Views: 1616

Re: Day trips from Las Vegas

Hoover Dam was AOK, don't miss the petroglypths.
by midareff
Mon Sep 04, 2017 1:17 pm
Forum: Personal Consumer Issues
Topic: Day trips from Las Vegas
Replies: 16
Views: 1616

Re: Day trips from Las Vegas

Steelersfan wrote:
Fri Sep 01, 2017 7:30 pm
Zion is awesome, in my top three of National Parks. Valley of Fire state park is on the way and worth a stop. I thought Red Rock Canyon a little better than Valley of Fire but why go out of the way. Forget Death Valley.
Add the dam.