Search found 356 matches

by rmark1
Wed Jun 12, 2019 11:08 am
Forum: Personal Consumer Issues
Topic: Mailers for Medicare, AARP, etc to a younger person
Replies: 20
Views: 1509

Re: Mailers for Medicare, AARP, etc to a younger person

Maybe you need a makeover? change in clothing styles?

I think age 55 is AARP's age, 42 is a bit young to get those mailers.
by rmark1
Wed Mar 13, 2019 1:19 pm
Forum: Personal Consumer Issues
Topic: Vacation Home: Own vs. Rent??
Replies: 42
Views: 4168

Re: Vacation Home: Own vs. Rent??

My parents have taken a travel trailer to the same area annually for 30 years, and have noted the cabins along the road to the campground selling about every 5 years. I think the realtor just starts over at the beginning of the road every 10 or 12 years.
by rmark1
Wed Aug 30, 2017 9:26 pm
Forum: Personal Consumer Issues
Topic: I'm Giving Up Golf
Replies: 57
Views: 14718

Re: I'm Giving Up Golf

An family friend just got his first hole in one after playing 40 years.
by rmark1
Wed Apr 26, 2017 9:33 pm
Forum: Personal Consumer Issues
Topic: Hearing aids: has anyone used a CROS hearing aid?
Replies: 18
Views: 3215

Re: Hearing aids: has anyone used a CROS hearing aid?

My wife has the bone anchored hearing aid (BAHA) and has been happy with it. Shes totally deaf in one ear after a bought of Meniere's about 10 years ago.

Having a spike in her head for Halloween was a side benefit.
by rmark1
Tue Jan 03, 2017 10:43 pm
Forum: Investing - Theory, News & General
Topic: "How Pensions and Social Security Affect Asset Allocation"
Replies: 19
Views: 4345

Re: "How Pensions and Social Security Affect Asset Allocation"

Assuming your goal is inflation adjusted withdrawals, and noting that assorted US withdrawal studies suggest a minimum of about 40% in equities to achieve this – A COLA’d pension does not need to be included in your allocation as it is already inflation protected, you can just spend the cash flow (S...
by rmark1
Wed Jun 01, 2016 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Disability???
Replies: 27
Views: 2913

Re: Social Security Disability???

Start keeping a hand written journal of the problems you experience. After my wife was diagnosed with MS some years ago our family attorney suggested this. By the time her MS worsened to the point of filing for disability she had about 5 years of spiral notebooks plus all her doctors records and MRI...
by rmark1
Mon Jan 18, 2016 4:50 pm
Forum: Personal Consumer Issues
Topic: My Car Broke. Buy New Car or Fix?
Replies: 50
Views: 6947

Re: My Car Broke. Buy New Car or Fix?

I've had a 2000 Toyota engine seize at 56,000 miles, cost $2500 to rebuild, just a few years ago. Car ran great until it didn't.
by rmark1
Sun Jan 17, 2016 2:34 pm
Forum: Personal Consumer Issues
Topic: how long can a car last?
Replies: 26
Views: 3070

Re: how long can a car last?

If grandpa drove a 1928 Dodge over 300,000 miles you're in good shape with a modern Corolla at 30,000 miles. Actually, a low mile 7 year old car is what I look for. My 2001 Dodge truck was 10 years old with 37,000 miles when I bought it, now almost 60,000 miles on it.
by rmark1
Wed Jan 06, 2016 10:20 pm
Forum: Personal Consumer Issues
Topic: Should I replace an old car that is technically still running?
Replies: 34
Views: 3009

Re: Should I replace an old car that is technically still running?

I expect to see a post here next week about someone getting a good deal on a 2000 Buick with only 220,000 miles off Craigslist.
by rmark1
Sat Jan 02, 2016 9:15 pm
Forum: Personal Consumer Issues
Topic: Selling antique guns
Replies: 6
Views: 893

Re: Selling antique guns

If military rifles or muskets you should find information pretty easily online, if sporting rifles it may be harder as they tended to be handmade or short production runs. You might look online at Gunbroker, Gunauction, or Gunsamerica for similar items. If military, the North South Skirmish associat...
by rmark1
Wed Oct 14, 2015 8:18 pm
Forum: Personal Consumer Issues
Topic: Experience with 2014-16 Hyundai Santa Fe?
Replies: 14
Views: 2611

Re: Experience with 2014-16 Hyundai Santa Fe?

I've been pretty happy with our 2011 Santa Fe, 4 cyl automatic, 64,000 miles so far. Needed a vehicle to haul 3 persons stuff plus wheelchair and walker. Only complaint I have is the blue light illuminating the dash can't be turned down dim enough at night.
by rmark1
Wed Oct 14, 2015 8:14 pm
Forum: Investing - Theory, News & General
Topic: 3 recent papers: [from the Social Science Research Network]
Replies: 9
Views: 1567

Re: 3 recent papers: [from the Social Science Research Network]

A Diamond is Forever’ and Other Fairy Tales: The Relationship between Wedding Expenses and Marriage Duration'

So my strategy of not buying my wife an engagement ring until after 30 years of marriage was correct.
by rmark1
Wed Sep 09, 2015 9:25 pm
Forum: Personal Consumer Issues
Topic: does owner have a car loan?
Replies: 9
Views: 1594

Re: does owner have a car loan?

My car title lists the lien holder on the front of the title. When paid off I receive a lien release, which I can keep with the title or take to the tag agency and have a clean title issued to me. I have bought a used car that had a loan against it, the seller and I rode down to the bank together an...
by rmark1
Mon Aug 24, 2015 8:07 pm
Forum: Personal Consumer Issues
Topic: Dinning in Taos and Santa Fe
Replies: 19
Views: 2354

Re: Dinning in Taos and Santa Fe

Albuquerque dining would be useful for me as I'll be there in a few weeks.
by rmark1
Tue May 19, 2015 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: liability question for inherited home
Replies: 18
Views: 2006

Re: liability question for inherited home

This sounds like an out -of-state home my dad inherited, along with a bunch of his cousins. Something like 22 people. They finally sold the empty lot after it burned down. Cut the price and get it sold.
by rmark1
Thu Apr 16, 2015 8:34 pm
Forum: Personal Consumer Issues
Topic: What do you drive, and why?
Replies: 255
Views: 39094

Re: What do you drive, and why?

2011 Hyundai Santa Fe, needed something that carries a wheelchair, walker, and family luggage.
2001 Dodge Ram 1500, bought off craigslist with 37000 original miles and failing paint just a few years ago.
by rmark1
Thu Apr 16, 2015 8:17 pm
Forum: Investing - Theory, News & General
Topic: This retiree is a bit confused
Replies: 21
Views: 4372

Re: This retiree is a bit confused

Because of past higher stock returns, any reduction in equity over time such as 'age in bonds' has been less successful than a fixed 60/40 allocation. Spending from 'bonds first' in a fixed 60/40 allocation has been more successful than spending from equities first.
by rmark1
Fri Feb 13, 2015 8:08 pm
Forum: Investing - Theory, News & General
Topic: Social Security as a bond?
Replies: 47
Views: 5277

Re: Social Security as a bond?

Social Security should be valued in a portfolio as a COLA'd annuity, not literally as a bond. Valuing it as a bond usually leads to a mismatch between the payment you receive versus the withdrawal you'd make from the lump sum value. Annuity values are driven as much by life expectancy as interest ra...
by rmark1
Fri Dec 12, 2014 5:02 pm
Forum: Investing - Theory, News & General
Topic: Comparing Results from VPW, RMD, & 4% Rule Withdrawals
Replies: 40
Views: 5082

Re: Comparing Results from VPW, RMD, & 4% Rule Withdrawals

This thread is largely arguing semantics. So in my opinion - 'Step one is to develop an estimate of the assets you expect to have available to you at time of retirement.' - Is exactly right. Those assets dictate your lifestyle. Your planning will compare assets and lifestyle choices. 'You want to mi...
by rmark1
Sun Jun 29, 2014 7:32 am
Forum: Investing - Theory, News & General
Topic: Has anyone tried/used the Guyton/Klinger method for a VPW
Replies: 34
Views: 4569

Re: Has anyone tried/used the Guyton/Klinger method for a VP

'Why is backtesting dismissed so much? Is the future really that different than what all the historical data has already experienced?' US data 1926-2013 is commonly used, not 'all' the historical data. Nor historical investing costs. A lot of financial articles should start with the disclaimer 'my b...
by rmark1
Fri Jun 27, 2014 10:36 am
Forum: Investing - Theory, News & General
Topic: Stock / Bonds Allocation
Replies: 48
Views: 5038

Re: Stock / Bonds Allocation

58% cola'd SS
28% fixed pension
14% world stock index
by rmark1
Fri Jun 27, 2014 10:18 am
Forum: Investing - Theory, News & General
Topic: Article: bonds pensions SS
Replies: 49
Views: 4220

Re: Article: bonds pensions SS

Stocks, bonds, pensions, homes are all assets and are part of your allocation. Some may be illiquid, but they are still assets. The present value of a stream of payments is basic finance. A mismatch between the payments and their value suggests a modeling problem, not a allocation problem. Assuming ...
by rmark1
Sun May 18, 2014 9:06 pm
Forum: Investing - Theory, News & General
Topic: Books for someone who is not that interested
Replies: 48
Views: 5781

Re: Books for someone who is not that interested

I'd suggest 'The Wealthy Barber', 3rd edition, by David Chilton. Pretty easy to read. Plus you can buy near new copies for about $1 online.
by rmark1
Mon Mar 03, 2014 10:48 am
Forum: Investing - Theory, News & General
Topic: pension and social security as "bonds"
Replies: 56
Views: 5080

Re: pension and social security as "bonds"

Example incorporating early SS disability, early fixed pension, and mutual funds using 0% net real retirement return after inflation, investing costs, volatility, added bonds, bad timing, and taxes. At 0% net real return, all the money you have is what you start with, simply dividing it over life ex...
by rmark1
Sun Mar 02, 2014 10:50 am
Forum: Investing - Theory, News & General
Topic: pension and social security as "bonds"
Replies: 56
Views: 5080

Re: pension and social security as "bonds"

The present value of a stream of payments formula doesn't include rebalancing or psychology. You may not be able to hold your preferred portfolio but the value of the pension is still there. Ignoring it doesn't change things. If you are following Bogle's rule of thumb, then yes, including SS or pens...
by rmark1
Fri Feb 28, 2014 4:09 pm
Forum: Investing - Theory, News & General
Topic: pension and social security as "bonds"
Replies: 56
Views: 5080

Re: pension and social security as "bonds"

'Good luck!'

Same wife for 28 years, so far so good!
by rmark1
Fri Feb 28, 2014 3:07 pm
Forum: Investing - Theory, News & General
Topic: pension and social security as "bonds"
Replies: 56
Views: 5080

Re: pension and social security as "bonds"

Assuming you want inflation adjusted withdrawals and noting retirement studies suggest a 40-80% equity allocation- A cola’d pension does not need to be included in your allocation as it is already inflation adjusted. A fixed pension does need to be included as your portfolio will be providing the in...
by rmark1
Fri Feb 28, 2014 2:51 pm
Forum: Investing - Theory, News & General
Topic: pension and social security as "bonds"
Replies: 56
Views: 5080

Re: pension and social security as "bonds"

'Projected *income* streams are what they are - regardless if adjusted for cost of living, or not.

Please explain your opinion that the quote [you chose above] is "not true."'


A fixed pension payment should be adjusted for expected inflation before spending, a step not needed for a cola'd pension.
by rmark1
Fri Feb 28, 2014 12:02 pm
Forum: Investing - Theory, News & General
Topic: pension and social security as "bonds"
Replies: 56
Views: 5080

Re: pension and social security as "bonds"

'Those are projected *income* streams. Deduct them from your total projected *expenses* and the difference comes from your savings.'

True for a cola'd pension, not true for a fixed pension.
by rmark1
Sat Feb 01, 2014 12:16 pm
Forum: Personal Consumer Issues
Topic: Market timing failures stocking up on specials?
Replies: 26
Views: 2868

Re: Market timing failures stocking up on specials?

I've always just kept an extra one of everything on hand - dish soap, paper towels, deodorant, etc. Otherwise Walmart stores it for me.
by rmark1
Sun Jan 12, 2014 10:32 am
Forum: Investing - Theory, News & General
Topic: "Should You Count Social Security as a Bond?"
Replies: 75
Views: 5225

Re: "Should You Count Social Security as a Bond?"

SS is inflation adjusted, with no real growth. Its value is just annual payment x IRS life expectancy. You may live longer or shorter, but life expectancy is your best guess as to the term of the payment. Borrowing Grayfoxes numbers - SS $24,000 x 17 year life expectancy = $408,000 + $1,000,000 = $1...
by rmark1
Sat Jan 11, 2014 11:43 am
Forum: Investing - Theory, News & General
Topic: "Should You Count Social Security as a Bond?"
Replies: 75
Views: 5225

Re: "Should You Count Social Security as a Bond?"

'Also, if you follow the 4% rule for withdrawals, you would start withdrawing $67,163 per year (4% of $1,679,087) However, you would actually be taking getting $24,000 from ss and taking $43,163 from the $1,000,000 in stock, which is 4.32%.' If SS and the portfolio are independently giving inflation...
by rmark1
Fri Jan 10, 2014 10:11 am
Forum: Investing - Theory, News & General
Topic: "Should You Count Social Security as a Bond?"
Replies: 75
Views: 5225

Re: "Should You Count Social Security as a Bond?"

Age in bonds would likely result in 0% net real returns by later life after fund fees, inflation, volatility, and taxes. As a result, the current value of a COLA'd pension should just be annual payment x life expectancy.
by rmark1
Thu Jan 02, 2014 2:43 pm
Forum: Investing - Theory, News & General
Topic: How to value SS and Pension as Lump Sums
Replies: 11
Views: 1395

Re: How to value SS and Pension as Lump Sums

I use annual payment x remaining life expectancy from IRS publication 590 for a cola'd pension.
by rmark1
Fri Dec 27, 2013 6:53 pm
Forum: Personal Consumer Issues
Topic: How long do you keep your cars? Why do you replace it?
Replies: 72
Views: 7056

Re: How long do you keep your cars? Why do you replace it?

My turnover in cars has been more driven by need than how long I'd like to keep them. The Corolla went to the daughter as I needed a larger vehicle for the wife's wheelchair and walker, neighbor kid bought my S10 when I decided to get a full size pickup due to hauling college student employees aroun...
by rmark1
Sun Dec 08, 2013 8:51 pm
Forum: Investing - Theory, News & General
Topic: weight-ing social security (pensions & annuities)
Replies: 31
Views: 2627

Re: weight-ing social security (pensions & annuities)

'These things are not part of allocation. Virtually every serious model of retirement withdrawals includes income streams, COLA'd and not, and considers how the portfolio will behave under the interactions of variable withdrawals, inflation, investment returns, etc. Even FireCalc has inputs for thos...
by rmark1
Sun Dec 08, 2013 11:19 am
Forum: Investing - Theory, News & General
Topic: weight-ing social security (pensions & annuities)
Replies: 31
Views: 2627

Re: weight-ing social security (pensions & annuities)

Assuming your goal is inflation adjusted withdrawals so as to maintain a consistent lifestyle over retirement, and noting that assorted withdrawal studies suggest a minimum 40% in equities to achieve this – A COLA’d pension does not need to be included in your allocation as it is already inflation p...
by rmark1
Fri Nov 22, 2013 9:35 am
Forum: Investing - Theory, News & General
Topic: [Kicking the Bucket Strategy]
Replies: 56
Views: 8415

Re: [Kicking the Bucket Strategy]

US safe withdrawal rates varied considerably, 4.5% looks pretty good

http://vanguardblog.com/2010/08/21/does ... e-hold-up/
by rmark1
Mon Nov 18, 2013 4:45 pm
Forum: Investing - Theory, News & General
Topic: John Bogle and Social Security
Replies: 63
Views: 6703

Re: John Bogle and Social Security

Objections to using the present value of cola’d SS or a fixed pension seem to revolve around It’s not liquid, yet liquidity is not part of the present value formula. It can’t be rebalanced, yet rebalancing is not part of the present value formula. The psychology is wrong, yet psychology is not part ...
by rmark1
Sun Nov 17, 2013 3:39 pm
Forum: Investing - Theory, News & General
Topic: John Bogle and Social Security
Replies: 63
Views: 6703

Re: John Bogle and Social Security

Assuming you’re planning for inflation adjusted withdrawals in retirement for a consistent lifestyle and noting that withdrawal research suggest 40-80% of your portfolio in equities for inflation offsetting growth – Social Security doesn’t need to be valued as part of your portfolio as it is already...
by rmark1
Wed Nov 13, 2013 11:46 am
Forum: Investing - Theory, News & General
Topic: Beware of Financial Planning’s Misguided Rules-of-Thumb
Replies: 51
Views: 6454

Re: Beware of Financial Planning’s Misguided Rules-of-Thumb

‘PPS - I often wonder why the 4% rule, which is based on a 30 year retirement horizon, is used instead of the simple and intuitive rule of dividing wealth in the first year of retirement by 30, and then 29, and then 28, etc. for a simple baseline 30 year retirement planning rule.’ An individual reti...
by rmark1
Sun Nov 03, 2013 3:41 pm
Forum: Investing - Theory, News & General
Topic: Social Security as a Bond [Bogleheads Panel]
Replies: 96
Views: 8086

Re: Social Security as a Bond [Bogleheads Panel]

'By your logic, anyone with a Job should be in high yielding stocks and bonds to remain consistent.

How about just viewing SS as a paycheck from a job that you don't need to show up to, and call it a day?'

Huh?
by rmark1
Sun Nov 03, 2013 9:26 am
Forum: Investing - Theory, News & General
Topic: Social Security as a Bond [Bogleheads Panel]
Replies: 96
Views: 8086

Re: Social Security as a Bond [Bogleheads Panel]

With withdrawals studies suggesting roughly a 40% minimum in equities for inflation adjusted withdrawals, a fixed pension should be capitalized as part of the portfolio since the portfolio will be providing the inflation adjustment. However SS is ostensibly already inflation adjusted so it does not ...
by rmark1
Sun Nov 03, 2013 8:41 am
Forum: Investing - Theory, News & General
Topic: Social Security as a Bond [Bogleheads Panel]
Replies: 96
Views: 8086

Re: Social Security as a Bond [Bogleheads Panel]

'If one could make an argument that the inflation adjustment under-estimated or over-estimated inflation, the I could see some utility in adjusting your AA to account for SS.' Increases in the deduction from SS for Medicare B eats up the inflation adjustment, making after Medicare B SS a fixed pensi...
by rmark1
Wed Oct 30, 2013 1:51 pm
Forum: Investing - Theory, News & General
Topic: [Kicking the Bucket Strategy]
Replies: 56
Views: 8415

Re: [Kicking the Bucket Strategy]

'While I agree that the assumption of a frictionless portfolio is unrealistic, for retirees who are using index funds and fee-only advisors, allowing 2% for fees seems equally unrealistic in the opposite direction.' Historical returns were earned with historical costs. A current estimate of expected...
by rmark1
Sat Oct 26, 2013 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: Relatives Who Really Need Money Advice But Don't Get It.
Replies: 56
Views: 9392

Re: Relatives Who Really Need Money Advice But Don't Get It.

My entire staff is 20 year old college students, I give them a copy of ' the Wealthy Barber' 3rd edition (earlier ones don't mention index funds) as a starter book when they graduate or get married. I suspect half of them aren't interested, but it's easy to read and often another student asks for a ...
by rmark1
Sun Oct 20, 2013 1:13 pm
Forum: Investing - Theory, News & General
Topic: Social Security as a Bond [Bogleheads Panel]
Replies: 96
Views: 8086

Re: Social Security as a Bond [Bogleheads Panel]

The 4% withdrawal has cash flow within it from bond payments and stock dividends. A person with $1,000,000 portfolio withdrawing 4% would receive about half of that as cash at current yields. That plus SS plus any pension would approximate their cash floor if market prices were to fall.
by rmark1
Sat Oct 19, 2013 12:02 pm
Forum: Investing - Theory, News & General
Topic: Social Security as a Bond [Bogleheads Panel]
Replies: 96
Views: 8086

Re: Social Security as a Bond [Bogleheads Panel]

Assuming you want inflation adjusted withdrawals so as to maintain a consistent lifestyle over retirement, and noting that assorted withdrawal studies suggest a minimum 40% in equities to achieve this – A COLA’d pension does not need to be included in your allocation as it is already inflation prote...