Search found 6200 matches

by midareff
Sun Jun 02, 2019 10:55 am
Forum: Personal Consumer Issues
Topic: Autos and transportation near retirement
Replies: 33
Views: 2073

Re: Autos and transportation near retirement

Ordered a new ride for my retirement..... one car family as she doesn't drive in the USA. Replaced a near 8 year old Jeep that was causing problems. Ordered it with all the safety features available then and replaced that at 5 years (last year) again with all the safety features.... proximity alarms...
by midareff
Sun Jun 02, 2019 10:45 am
Forum: Investing - Theory, News & General
Topic: How did you all do in the month of May, 2019
Replies: 125
Views: 9807

Re: How did you all do in the month of May, 2019

Matters not at all as I only track it from a lifetime of record keeping. A wise man once taught me you can't know where you are going if you don't know where you have been.
by midareff
Sun Jun 02, 2019 7:00 am
Forum: Personal Finance (Not Investing)
Topic: How long have you been unemployed?
Replies: 97
Views: 10881

Re: How long have you been unemployed?

From career start back in 1970 I was laid off once about 38 years ago when a company was sold and all existing management was sacked. It took the first thing that came along 2 working days later and changed jobs again after a couple of weeks for something else. All in all it took about 8 to 10 weeks...
by midareff
Sat Jun 01, 2019 4:48 pm
Forum: Personal Consumer Issues
Topic: What to do with a 24" analog CRT TV?
Replies: 56
Views: 2972

Re: What to do with a 24" analog CRT TV?

NavyIC3 wrote:
Sat Jun 01, 2019 2:55 pm
livesoft wrote:
Fri May 31, 2019 5:47 pm
Put on curb with sign: Free!
Put it on the curb with a sign that says $5.00. This way someone will steal it.
Better still have the sign say works great, free to good home
by midareff
Sat Jun 01, 2019 10:14 am
Forum: Personal Consumer Issues
Topic: What to do with a 24" analog CRT TV?
Replies: 56
Views: 2972

Re: What to do with a 24" analog CRT TV?

Charitable donation if it plays well. Boys or girls charities, homes for the elderly or so forth. All of the charities around me explicity say no CRTs. They don't want to get stuck having to pay to get rid of them. +1 All you are doing is sticking the charity with a boat anchor they are going to ha...
by midareff
Sat Jun 01, 2019 9:01 am
Forum: Personal Consumer Issues
Topic: What to do with a 24" analog CRT TV?
Replies: 56
Views: 2972

Re: What to do with a 24" analog CRT TV?

Charitable donation if it plays well. Boys or girls charities, homes for the elderly or so forth.
by midareff
Sat Jun 01, 2019 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Required Minimum Distributions
Replies: 57
Views: 4585

Re: Required Minimum Distributions

At age 71 I still want (and do) to travel and see the parts of the world we haven't gotten to yet so our RMD is used for travel spending. it is drawn 1/12 monthly direct to a bank account where it accumulates along with other travel dedicated funds. EFTPS paid Quarterly IRS estimates are done at the...
by midareff
Fri May 31, 2019 9:41 am
Forum: Personal Consumer Issues
Topic: SiriusXM Free Trial [on my new car] Ends Today
Replies: 27
Views: 1911

Re: SiriusXM Free Trial Ends Today

The trial SiriusXM subscription that came with my new car ends today. I know I could get by just fine without continuing it, but enjoy it enough to be willing to pay a reasonable amount to subscribe. Of the offers received so far, $99 for the first year seems the best. Of course, at the end of the ...
by midareff
Fri May 31, 2019 8:22 am
Forum: Investing - Theory, News & General
Topic: Does one need a bank account anymore?
Replies: 60
Views: 4292

Re: Does one need a bank account anymore?

The fidelity article on this topic made me think. If I have a cash management and brokerage account with them, what might I miss with those being my only accounts? There are no inconveniences nor additional expense to having bank accounts at a physical location (ample locations across the nation he...
by midareff
Fri May 31, 2019 8:21 am
Forum: Investing - Theory, News & General
Topic: Does one need a bank account anymore?
Replies: 60
Views: 4292

Re: Does one need a bank account anymore?

I think you do.. or at least we do. We have an online bank we use for almost everything but there are some travels that take lots of cash and for that I still maintain my former employer's local brick and mortar Credit Union account. There is only so much cash that you can get from an ATM.
by midareff
Fri May 31, 2019 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Older retirees: Are your expenses lower now than in early retirement?
Replies: 49
Views: 6238

Re: Older retirees: Do you have lower expenses now than you did in early retirement?

71 now and retired since 4/2012..... medical insurances and dental expenses, car insurance, condo maintenance and food costs both for grocery store and eating out continue to go up annually although I think we eat a bit less than we did and maybe eat out a little less. Travel has gone WAY up but the...
by midareff
Wed May 29, 2019 3:47 pm
Forum: Investing - Theory, News & General
Topic: [Nominal] Annuities are a bet on future inflation rates and should not be purchased by retirees
Replies: 183
Views: 12310

Re: Annuities are a bet on future inflation rates and should not be purchased by retirees

Sort of implies a 17 or so year period to break even doesn't it? "Break even"? As if the retiree should hope to die young and select a nominal SPIA*? A retiree buys a COLA** SPIA, which is an insurance product not an investment, to dampen the financial risk of long life. So, it's imperative for the...
by midareff
Wed May 29, 2019 11:03 am
Forum: Investing - Theory, News & General
Topic: [Nominal] Annuities are a bet on future inflation rates and should not be purchased by retirees
Replies: 183
Views: 12310

Re: Annuities are a bet on future inflation rates and should not be purchased by retirees

Sort of implies a 17 or so year period to break even doesn't it? "Break even"? As if the retiree should hope to die young and select a nominal SPIA*? A retiree buys a COLA** SPIA, which is an insurance product not an investment, to dampen the financial risk of long life. So, it's imperative for the...
by midareff
Wed May 29, 2019 10:13 am
Forum: Investing - Theory, News & General
Topic: [Nominal] Annuities are a bet on future inflation rates and should not be purchased by retirees
Replies: 183
Views: 12310

Re: Annuities are a bet on future inflation rates and should not be purchased by retirees

While I understand the theoretical argument, from a practical perspective is it possible to by an inflation indexed SPIA? From comments I’ve read on this forum I thought not but would be glad to be pointed in the right direction. I bought an annuity that has a 2% COLA a couple of months ago. The CO...
by midareff
Mon May 27, 2019 6:06 pm
Forum: Investing - Theory, News & General
Topic: What goes wrong after index enlightenment
Replies: 41
Views: 5236

Re: What goes wrong after index enlightenment

Rick... great to see you back ..... you make as much sense as Jack and Warren.
by midareff
Mon May 27, 2019 10:20 am
Forum: Investing - Theory, News & General
Topic: Do you have an allocation more conservative than 50/50 ?? What is it? Why? How Bogleheads are getting it done.
Replies: 135
Views: 12015

Re: Do you have an allocation more conservative than 50/50 ?? Why?

Reasons why we are roughly 48% equities, 50% FI, 2% cash. 1. Won the game and don't need to take more risk. 2. Can live OK off my pension and SS if the market disintegrates for an extended period. 3. Younger wife will be fine with her inheritance and never need to work (but probably will open anothe...
by midareff
Sun May 26, 2019 8:47 am
Forum: Investing - Theory, News & General
Topic: Three assets all with negative correlations?
Replies: 18
Views: 1529

Re: Three assets all with negative correlations?

Seems to me that cash would not be correlated to either of them.
by midareff
Thu May 23, 2019 7:19 pm
Forum: Personal Investments
Topic: VTSAX or VTWAX over the next 35 years?
Replies: 173
Views: 17776

Re: VTSAX or VTWAX over the next 35 years?

Just a reminder that Jack Bogle did not see the point of investing in international stocks. But then again he was from another era. thefirst100k: Jack Bogle wrote the Forward in my latest book, The Bogleheads' Guide To The Three-Fund Portfolio . This is a portion of what he wrote: In my first book,...
by midareff
Thu May 23, 2019 6:52 pm
Forum: Investing - Theory, News & General
Topic: Your Favorite High-Yield Bond Funds?
Replies: 23
Views: 2237

Re: Your Favorite High-Yield Bond Funds?

It's one of those a little can't hurt you type of funds for me. I limit my participation to 8 - 10% or total portfolio. It is/was a fund liked by Rick Ferri and disliked by Larry Swedroe. midareff, which fund are you referring to? VWEAX, the Vanguard High Yield Bond Fund Admiral. 12 month return of...
by midareff
Thu May 23, 2019 3:18 pm
Forum: Investing - Theory, News & General
Topic: Your Favorite High-Yield Bond Funds?
Replies: 23
Views: 2237

Re: Your Favorite High-Yield Bond Funds?

It's one of thoise a little can't hurt you type of funds for me. I limit my participation to 8 - 10% or total portfolio. It is/was a fund liked by Rick Ferri and disliked by Larry Swedroe.
by midareff
Thu May 23, 2019 3:16 pm
Forum: Investing - Theory, News & General
Topic: Powerful SWR Forecaster
Replies: 3
Views: 524

Re: Powerful SWR Forecaster

Yes, it is old news, but we'll forgive you. :wink: Rather that try to forecast the SWR, I prefer the strategy of making flexible withdrawals based on both actual portfolio performance as well as forecasts of future returns. Yes, and many use variations of wills theme. Personally, I use a combinatio...
by midareff
Thu May 23, 2019 7:32 am
Forum: Personal Finance (Not Investing)
Topic: I evaluated taking SS at age 62 versus age 70
Replies: 67
Views: 5009

Re: I evaluated taking SS at age 62 versus age 70

Sometimes its really nice to have all this behind you.... at 71 any discussion of when to take SS is purely rear view mirror.
by midareff
Wed May 22, 2019 9:14 am
Forum: Personal Finance (Not Investing)
Topic: I evaluated taking SS at age 62 versus age 70
Replies: 67
Views: 5009

Re: I evaluated taking SS at age 62 versus age 70

When I did my (last of many) evaluation nearly a decade or so ago I concluded that the rewards flight paths seemed to cross at roughly age 78 and 8 months, +/- a couple of months. From there I observed; the money not necessarily drawn from taxable would produce (at a minimum) a 2% dividend and hopef...
by midareff
Mon May 20, 2019 7:03 am
Forum: Investing - Theory, News & General
Topic: Amazon....we all have seen this before :)
Replies: 62
Views: 8878

Re: Amazon....we all have seen this before :)

oldzey wrote:
Thu May 16, 2019 8:14 am
Nobody knows nothing. I gave up on single stocks a long time ago.
Amen! they all swore by the Foolish Four until they realized it didn't cut the mustard on a risk adjusted basis. If you own the haystack you own the needle too.
by midareff
Mon May 20, 2019 7:01 am
Forum: Personal Finance (Not Investing)
Topic: Completely freaked out about withdrawing from retirement accounts....
Replies: 75
Views: 10234

Re: completely freaked out about withdrawing from retirement accounts....

I retired in December 2018. I have a lovely pension of about 56K; will start my spousal SS (about 900 per month) in August. DH gets about 2K per month in SS (I'm deferring until I'm 70, in 2023) Spread across three accounts (rollover 401K from first marriage, my own NYC Teacher retirement plan and ...
by midareff
Mon May 20, 2019 6:41 am
Forum: Personal Investments
Topic: Am I off my rocker? Shift some assets to real estate?
Replies: 23
Views: 2005

Re: Am I off my rocker? Shift some assets to real estate?

Given the trade war, I’m a bit fearful over how equities will perform. The normal bogglehead response would be to increase bond allocation...but I’m wondering...what do you think about shifting to real estate that generates rental income? Of course, where the property is located is of paramount imp...
by midareff
Sun May 19, 2019 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage in Retirement
Replies: 73
Views: 5618

Re: Mortgage in Retirement

I made the decision to retain the invested liquidity in favor of a mortgage. The mortgage, taken at an opportune time is for 30 years (roughly 23 remain) and is fixed at 3.0%. In those seven years my conservative portfolio has averaged a return of 7.6% and itemization for the IRS has been beneficia...
by midareff
Sun May 19, 2019 9:03 am
Forum: Investing - Theory, News & General
Topic: To invest in bnd for 2.5 years?
Replies: 17
Views: 2491

Re: To invest in bnd for 2.5 years?

I would take an Ally 12 month CD at 2.7% and then see what CD rates are available 12 months from now.
by midareff
Sun May 19, 2019 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Debt: Student loan or cabin
Replies: 36
Views: 2807

Re: Debt: Student loan or cabin

Pay off higher interest rate loan first.... this is a no brainer.
by midareff
Sun May 19, 2019 8:13 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage in Retirement
Replies: 73
Views: 5618

Re: Mortgage in Retirement

I made the decision to retain the invested liquidity in favor of a mortgage. The mortgage, taken at an opportune time is for 30 years (roughly 23 remain) and is fixed at 3.0%. In those seven years my conservative portfolio has averaged a return of 7.6% and itemization for the IRS has been beneficial.
by midareff
Sat May 18, 2019 5:20 pm
Forum: Investing - Theory, News & General
Topic: Bonds beyond Total Bond Market - Anyone ?
Replies: 47
Views: 3504

Re: Bonds beyond Total Bond Market - Anyone ?

Does anyone with a low equity allocation utilize bond types like high yield or EM to hopefully increase returns slightly while trying to minimize the magnitude of the downside risk that equities can demonstrate during bear markets? Roughly 50/50, equities to FI. 71 and 8 years retired. Short Term C...
by midareff
Sat May 18, 2019 12:36 pm
Forum: Personal Investments
Topic: An Advisor Refusing To Sell Investments
Replies: 65
Views: 7993

Re: An Advisor Refusing To Sell Investments

Best way is to work with the firm you are transferring to. Every time I have moved my account, I got all the forms from the firm I was moving to and sent it to them. They deal with your current brokerage. Also, I am sure the advisor can not refuse to sell. Tell him that you want him refusal to sell...
by midareff
Sat May 18, 2019 7:49 am
Forum: Personal Investments
Topic: Am I being ripped off?
Replies: 42
Views: 4781

Re: Am I being ripped off?

Perhaps it is time to manage the remaining 1/3 of your portfolio yourself? Right away. :happy Take the plunge. You are already doing 2/3 of the portfolio. Say good-bye and thanks to Morgan Stanley and do it yourself. Carl W. I might actually do it. Can you confirm there’s no good reason for the ret...
by midareff
Fri May 17, 2019 3:20 pm
Forum: Personal Consumer Issues
Topic: Synthetic oil or not for very low mileage auto?
Replies: 47
Views: 3113

Re: Synthetic oil or not for very low mileage auto?

Mobil 1 full synthetic..... using the best oil in a car is the cheapest thing you can do in the long run.
by midareff
Fri May 17, 2019 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Low-income retirement year: take capital gain, Roth convert, or tIRA withdrawal?
Replies: 14
Views: 1163

Re: Low-income retirement year: take capital gain, Roth convert, or tIRA withdrawal?

I would have been able to go Roth conversions 2 additional years to what I did do and regret that.
by midareff
Fri May 17, 2019 10:49 am
Forum: Personal Investments
Topic: Tilting very slightly towards small & mid caps. Is this a good idea?
Replies: 36
Views: 2893

Re: Tilting very slightly towards small & mid caps. Is this a good idea?

Everyone dreams of beating the bogey (S&P500). .... and if I get complex enough I can make it happen, right?> LOL. ... as Buffet took the Hedgefundies money.
by midareff
Fri May 17, 2019 10:43 am
Forum: Personal Consumer Issues
Topic: Bigger car, less economical but more safe.. Get used to smaller car over time?
Replies: 106
Views: 7153

Re: Bigger car, less economical but more safe.. Get used to smaller car over time?

I am coming out of a Equinox lease and our other family car is a minivan. Previously my cars have always been midsize sedans. Chevrolets, Mazdas, etc. My intent was and may be still to purchase a more economical commuter. I test drove a Civic, Accord, Elantra, Sonata, Camry, Mazda3, Mazda6, Corolla...
by midareff
Fri May 17, 2019 7:04 am
Forum: Investing - Theory, News & General
Topic: Bonds beyond Total Bond Market - Anyone ?
Replies: 47
Views: 3504

Re: Bonds beyond Total Bond Market - Anyone ?

Intermediate Term Tax Exempt Muni Fund in taxable, Short Term Corporate Index, Intermediate Term Corporate Index and High Yield in IRA. Reasons include diversification and higher return for the slightly higher risk which includes greater volatility. Also hold cash and CDs from time to time. 71 and 8...
by midareff
Thu May 16, 2019 3:04 pm
Forum: Investing - Theory, News & General
Topic: Did you buy the 600+ dip last week ?
Replies: 129
Views: 8325

Re: Did you buy the 600+ dip last week ?

Not even close....... opportunity looks more like a 25% - 30% drop to me, minimum, not a 2% wiggle.. In that case I don't believe you have seen an opportunity in the past 10 years. FWIW, I believe it was around 5% in total. My last net purchase was in the early summer of 2009. . So, you are correct...
by midareff
Thu May 16, 2019 8:17 am
Forum: Investing - Theory, News & General
Topic: Did you buy the 600+ dip last week ?
Replies: 129
Views: 8325

Re: Did you buy the 600+ dip last week ?

Not even close....... opportunity looks more like a 25% - 30% drop to me, minimum, not a 2% wiggle..
by midareff
Thu May 16, 2019 7:24 am
Forum: Personal Finance (Not Investing)
Topic: Reservations about job offer
Replies: 65
Views: 4099

Re: Reservations about job offer

Lead tech and leader of Seal Team 6 in combat require trust in a different manner. I too see this as a renege prior to hire. Title and money or no deal AFAIC.
by midareff
Thu May 16, 2019 7:15 am
Forum: Personal Investments
Topic: VCLT, BND or 0ther
Replies: 13
Views: 1166

Re: VCLT, BND or 0ther

(midareff's quotes in color, grabiner's in black) I looked up the previous discussion, and I think you are referring to this thread in which there is a discussion of the difference between SEC and distribution yield. The muni fund has had a higher distribution yield than its SEC yield, which happen...
by midareff
Wed May 15, 2019 6:54 am
Forum: Personal Investments
Topic: VCLT, BND or 0ther
Replies: 13
Views: 1166

Re: VCLT, BND or 0ther

What about tax-exempt dividends? Vanguard's Intermediate Term Tax-Exempt Muni Bond Fund? VWIUX He is in the 12% tax bracket, so munis do not make sense. However, since he pays state tax, Treasury bonds might be a good deal, particularly TIPS. So, your thinking that Total Bond which has under perfor...
by midareff
Tue May 14, 2019 6:22 pm
Forum: Personal Consumer Issues
Topic: Last Pass with Vanguard and USAA
Replies: 38
Views: 3609

Re: Last Pass with Vanguard and USAA

I use LastPass and have for several years now. I have it restricted to USA access only and have no recognized machines other than my home computer. I don't do anything financial on cells or others computers. I probably have 100+ sites and the latest LastPass just takes a few letters to bring up your...
by midareff
Tue May 14, 2019 6:13 pm
Forum: Personal Investments
Topic: VBILX intermediate bonds vs. VWAHX tax-exempt bonds?
Replies: 4
Views: 440

Re: VBILX intermediate bonds vs. VWAHX tax-exempt bonds?

VBILX and VWIUX have relatively similar performance levels. In a taxable account I would (and do) use VWIUX. In a an IRA I would use VBILX which is relatively half corporate and half government bonds.
by midareff
Tue May 14, 2019 2:14 pm
Forum: Personal Investments
Topic: Does your retirement plan work if stocks are flat or in decline for decades?
Replies: 180
Views: 10481

Re: Does your retirement plan work if stocks are flat or in decline for decades?

A decline or deflationary spiral would not change things for us. Pension and SS pay the bills. Portfolio income is for toys, frills and travel.
by midareff
Tue May 14, 2019 8:07 am
Forum: Personal Investments
Topic: VCLT, BND or 0ther
Replies: 13
Views: 1166

Re: VCLT, BND or 0ther

What about tax-exempt dividends? Vanguard's Intermediate Term Tax-Exempt Muni Bond Fund? VWIUX He is in the 12% tax bracket, so munis do not make sense. However, since he pays state tax, Treasury bonds might be a good deal, particularly TIPS. So, your thinking that Total Bond which has under perfor...
by midareff
Mon May 13, 2019 3:26 pm
Forum: Personal Investments
Topic: VCLT, BND or 0ther
Replies: 13
Views: 1166

Re: VCLT, BND or 0ther

What about tax-exempt dividends? Vanguard's Intermediate Term Tax-Exempt Muni Bond Fund? VWIUX Some recommend keeing your bond allocation in IRAs. 401Ks and similar. But the Tax Exempt would be great if you don't have enough room in tax sheltered accounts for all the bonds you want. What presents t...
by midareff
Mon May 13, 2019 1:28 pm
Forum: Personal Investments
Topic: VCLT, BND or 0ther
Replies: 13
Views: 1166

Re: VCLT, BND or 0ther

What about tax-exempt dividends? Vanguard's Intermediate Term Tax-Exempt Muni Bond Fund? VWIUX