Search found 13295 matches

by Mel Lindauer
Mon Nov 18, 2019 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Is this a fair price for a wealth manager financial advisor?
Replies: 43
Views: 3221

Re: Is this a fair price for a wealth manager financial advisor?

+1 for hiring Allan Roth to do a personal investment review. He is a true fee only advisor and will look at insurance, taxation, social security, as well as portfolio issues. He will advise and then let you execute and keep your AUM fee. I should have mentioned that in addition to being a CFP and M...
by Mel Lindauer
Mon Nov 18, 2019 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Is this a fair price for a wealth manager financial advisor?
Replies: 43
Views: 3221

Re: Is this a fair price for a wealth manager financial advisor?

Rick Ferri and others on BH offer hourly consulting. They will manage the clean up, set up of your portfolio and will also have discussions and negotiations with advisory firms etc. At least based on what I heard in some BH/WCI podcasts. Might be a good option if you want to do that. You should hav...
by Mel Lindauer
Sun Nov 17, 2019 6:06 pm
Forum: Personal Investments
Topic: Not retired at 71 [need SEP advice]
Replies: 20
Views: 1579

Re: Not retired at 71 [need SEP advice]

You might also consider contacting Boglehead author Rick Ferri who is a fee only advisor. Buy a couple of hours of his time. That may be all you need to get you on the right path. Another thing that you might consider is the appropriate Vanguard Target Retirement or Life Strategy fund. These funds p...
by Mel Lindauer
Fri Nov 15, 2019 6:00 pm
Forum: Investing - Theory, News & General
Topic: WSJ Reporter doing story on Muni bond trades after May 2018
Replies: 0
Views: 237

WSJ Reporter doing story on Muni bond trades after May 2018

Heather Gillers, a known reporter who covers municipal bonds for the Wall Street Journal, is looking for a municipal bond investor who bought or sold municipal bonds after May 2018, when the new SEC mark-up rule went into effect. This rule requires brokers to disclose on the confirmation the investo...
by Mel Lindauer
Fri Nov 15, 2019 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: The difficulty of discarding frugality?
Replies: 110
Views: 9865

Re: The difficulty of discarding frugality?

After my younger kid left house for his job in another state, I recently decided that we should experience a larger and more desirable lifestyle than we originally planned, and I started doing One More Year(s) to fund the additional expenses. For example, I spend more money on heating and cooling h...
by Mel Lindauer
Thu Nov 14, 2019 6:09 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe's Retirement book is #1 in WSJ listing
Replies: 13
Views: 2162

Larry Swedroe's Retirement book is #1 in WSJ listing

Hi Larry Swedroe Fans:

Larry's book, "Your Complete Guide to a Successful and Secure Retirement" was selected in first place in the Wall Street Journal's list of best books on retirement and aging for 2019.

Congrats, Larry!
by Mel Lindauer
Wed Nov 13, 2019 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: The difficulty of discarding frugality?
Replies: 110
Views: 9865

Re: The difficulty of discarding frugality?

Here are links to the second and third columns in my Forbes series on this topic. https://www.forbes.com/sites/thebogleheadsview/2011/02/28/switching-gears-at-retirement-part-2/#60a5fde52f1f https://www.forbes.com/sites/thebogleheadsview/2011/03/15/switching-gears-at-retirement-going-from-saving-to-...
by Mel Lindauer
Wed Nov 13, 2019 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: The difficulty of discarding frugality?
Replies: 110
Views: 9865

Re: The difficulty of discarding frugality?

Here's the first of a three-part Forbes series I did on this topic a while back. A number of Bogleheads forum members shared their thoughts and experiences.

https://www.forbes.com/sites/theboglehe ... ding-mode/
by Mel Lindauer
Tue Nov 12, 2019 11:20 am
Forum: Personal Investments
Topic: "Tax advantaged Annuity" advised for friend
Replies: 35
Views: 1570

Re: "Tax advantaged Annuity" advised for friend

OMG, another "shark attack". That is such a horrible recommendation. It makes me sick to learn that yet another insurance salesman is trying to take advantage of an unsuspecting, unsophisticated widow to line his pockets with an inappropriate high-commission product. And you and your friend need to ...
by Mel Lindauer
Sun Nov 10, 2019 7:00 am
Forum: US Chapters
Topic: U. S. Marine Corps Birthday
Replies: 22
Views: 1476

Re: U. S. Marine Corps Birthday

Semper fi to all my fellow Marines.

Mel, USMC
1956-60
by Mel Lindauer
Wed Nov 06, 2019 8:32 am
Forum: Personal Investments
Topic: What can I do with an annuity in a retirement plan?
Replies: 7
Views: 782

Re: What can I do with an annuity in a retirement plan?

My wife has an annuity in a retirement plan held by TIAA Cref. It's a very small amount relative to our net worth, and ideally I'd like to roll it into her 401k at Fidelity and use the money to buy ETFs already held in the 401k. Is this possible, or does she need to call the custodian to find out? ...
by Mel Lindauer
Mon Nov 04, 2019 1:40 pm
Forum: US Chapters
Topic: Charleston SC Local Chapter?
Replies: 8
Views: 587

Re: Charleston SC Local Chapter?

Looks like we have four. One more and we can get the Charleston Local Chapter up and running.

Let's hear from some more Charleston Boglegheads.
by Mel Lindauer
Sat Nov 02, 2019 4:27 pm
Forum: Investing - Theory, News & General
Topic: Mel's Unloved Mid-Caps Finally Getting Some Respect
Replies: 79
Views: 12262

Re: Mel's Unloved Mid-Caps Finally Getting Some Respect

Years ago Mel told me about Midcaps and I bonds. I bought both and now wish I had bought more. Once again the combination of Mel and Taylor was on the mark. Best to both of them LarryG Hi Larry: Always nice to see your name on a post. Hope things are going well for you. Keep in touch. Best regards,...
by Mel Lindauer
Sat Nov 02, 2019 1:42 pm
Forum: Personal Investments
Topic: Looking for Variable Annuity help!
Replies: 9
Views: 696

Re: Looking for Variable Annuity help!

The surrender fee has probably been lost already; it just hasn't been deducted from your balance. If you sell the annuity now, you pay the 5%. If you keep the annuity for five more years, you will pay more than 5% compared to the low-cost investment alternatives. Therefore, it is worth selling the ...
by Mel Lindauer
Sat Nov 02, 2019 1:17 pm
Forum: Investing - Theory, News & General
Topic: Mel's Unloved Mid-Caps Finally Getting Some Respect
Replies: 79
Views: 12262

Re: Mel's Unloved Mid-Caps Finally Getting Some Respect

. . . Researching Mel’s threads over the years I was surprised to see that Mel has had several good calls over the past couple of decades; not just touting mid caps but other asset classes. Certainly glad you are a poster here on Bogleheads.org Mel. Some of us pay close attention when we see your p...
by Mel Lindauer
Fri Nov 01, 2019 8:21 pm
Forum: Investing - Theory, News & General
Topic: Mel's Unloved Mid-Caps Finally Getting Some Respect
Replies: 79
Views: 12262

Re: Mel's Unloved Mid-Caps Finally Getting Some Respect

Love Mels Unloved Midcaps. I have 50% of my U.S. equities in mid caps and the other 50% in the S&P 500. I use the S&P 400 and the CRSP mid cap index in my wifes TIAA 401(a) account. I’ve been very pleased with the performance of midcaps. I see they still don’t get the respect they deserve though bu...
by Mel Lindauer
Fri Nov 01, 2019 8:03 pm
Forum: Investing - Theory, News & General
Topic: Series I Savings Bond 0.20% Fixed Rate Announced 11/1/2019
Replies: 6
Views: 1903

Re: Series I Savings Bond 0.20% Fixed Rate Announced 11/1/2019

Brian2d wrote:
Fri Nov 01, 2019 6:24 pm
Glad I bought the rest of my allocation in October.
IMO, that was a no-brainer. The best anyone could have hoped for was for the rate to stay the same, so there was no reason to wait with the odds favoriting a lower fixed rate.
by Mel Lindauer
Wed Oct 30, 2019 12:32 pm
Forum: Investing - Theory, News & General
Topic: 20 yr review of Mel's Unloved Midcaps
Replies: 43
Views: 9904

Re: 20 yr review of Mel's Unloved Midcaps

I've enjoyed reading through some of the 20 years of posts about Mel's Unloved Midcaps: 2000: http://socialize.morningstar.com/NewSocialize/forums/p/27802/27802.aspx#27802 2007: http://socialize.morningstar.com/NewSocialize/ViewPost.aspx?apptype=0&PostID=2340997 2008: https://www.bogleheads.org/for...
by Mel Lindauer
Wed Oct 30, 2019 10:38 am
Forum: Investing - Theory, News & General
Topic: 20 yr review of Mel's Unloved Midcaps
Replies: 43
Views: 9904

Re: 20 yr review of Mel's Unloved Midcaps

This is the first time I've seen the view that mid aps outperform, is there a link to the original thread? Curious about this, but isn't it similar to stock picking instead of just holding whole market? Also if mid caps perform well don't they just become large caps and drop out of the index? And a...
by Mel Lindauer
Mon Oct 28, 2019 11:41 pm
Forum: Investing - Theory, News & General
Topic: 2019 Bogleheads Conference Notes
Replies: 21
Views: 4005

Re: 2019 Bogleheads Conference Notes

First of all, a hearty thank you to the wonderful team of volunteers who did all the organizational advance work to make this excellent event come together once again, an informative, inspiring, and uplifting gathering of kindred spirits. This was my third BH conference, but of course, my first wit...
by Mel Lindauer
Thu Oct 24, 2019 6:00 pm
Forum: US Chapters
Topic: Charleston SC Local Chapter?
Replies: 8
Views: 587

Re: Charleston SC Local Chapter?

Where are all the Charleston Bogleheads? Can't believe that area doesn't have way more than five Bogleheads.

Let's get a Local Chapter going in Charleston! I just may drive up to attend one of your future meetings.
by Mel Lindauer
Wed Oct 23, 2019 6:50 pm
Forum: Personal Investments
Topic: talk to a new guy [Advisor recommends Midland National Endeavor 8]
Replies: 21
Views: 1820

Re: talk to a new guy [Advisor recommends Midland National Endeavor 8]

Here's a Forbes article I did on these lousy things some time ago. They got such a terrible reputation that they actual changed the name, hoping thatt would fool consumders into thinking it was a new product. It was still the same lousy annuity with a new name. Run, don't walk. https://www.forbes.co...
by Mel Lindauer
Sun Oct 20, 2019 8:17 pm
Forum: Personal Consumer Issues
Topic: Moving my home landline phone number to MagicJack - good idea?
Replies: 52
Views: 3906

Re: Moving my home landline phone number to MagicJack - good idea?

I've used MJ for years. New MJ device runs circles around the old one. Ported old home number. It works great for our land line calls attached to an answering machine. Also comes in handy for calling your cell phone when you can't find where you left it.
by Mel Lindauer
Mon Oct 14, 2019 8:10 pm
Forum: Personal Investments
Topic: Mother's variable annuity
Replies: 23
Views: 1678

Re: Mother's variable annuity

I'm surprised that she hasn't been forced to annuitize, since age 85 is normally the contract annuitization age and you have to specifically request to get that changed to age 90 which is the latest date they'll normally allow.
by Mel Lindauer
Mon Oct 14, 2019 8:01 pm
Forum: Personal Investments
Topic: I-bonds with kids
Replies: 18
Views: 1624

Re: I-bonds with kids

One possible problem with your plan. If the children are younger than college age, the I bonds could be used tax-free for qualifying educational expenses, but NOT if they're listed as a co-owner. However, they could be listed as the beneficiary and the bonds could then be used for their qualifying ...
by Mel Lindauer
Mon Oct 14, 2019 6:07 pm
Forum: Personal Investments
Topic: I-bonds with kids
Replies: 18
Views: 1624

Re: I-bonds with kids

One possible problem with your plan. If the children are younger than college age, the I bonds could be used tax-free for qualifying educational expenses, but NOT if they're listed as a co-owner. However, they could be listed as the beneficiary and the bonds could then be used for their qualifying e...
by Mel Lindauer
Mon Oct 14, 2019 5:12 pm
Forum: Personal Investments
Topic: I-Bonds for emergency fund, now or wait?
Replies: 10
Views: 1440

Re: I-Bonds for emergency fund, now or wait?

My crystal ball says the same or lower so there's no reason to wait and lose a month and risk the odds of the lower rate.
by Mel Lindauer
Sun Oct 13, 2019 10:02 pm
Forum: Personal Investments
Topic: I-Bonds vs Total Bond vs Munis
Replies: 4
Views: 853

Re: I-Bonds vs Total Bond vs Munis

One of the major advantages of I Bonds is that they're tax deferred for up to 30 years, so they expand that space while you're in a high tax bracket and have maxxed out your other tax-deferred options. They're also free from state and local taxes and can be used, tax-free, for qualifying educational...
by Mel Lindauer
Sun Oct 13, 2019 5:34 pm
Forum: Personal Investments
Topic: Financial Advisor
Replies: 21
Views: 2223

Re: Financial Advisor

If you are interested in access to an hourly fee advisor, Rick Ferri (frequent poster here) has set up shop in the last few months. https://rickferri.com You can also get information about "advice only advisors" from tfb's website at https://adviceonlyfinancial.com The Finance Buff (tfb) is also a ...
by Mel Lindauer
Sat Oct 12, 2019 1:08 pm
Forum: Investing - Theory, News & General
Topic: “Beating” the market with i bonds
Replies: 30
Views: 4072

Re: “Beating” the market with i bonds

All that being said, I still like them. Even as a single person, I can get an additional $25K/year in tax-deferred space, and they can be used for an emergency fund after a year. As a single person who thinks his limit is $10k/year in these, how do I get the other $15K worth? You can get another $1...
by Mel Lindauer
Fri Oct 11, 2019 5:17 pm
Forum: Investing - Theory, News & General
Topic: POST YOUR QUESTIONS FOR THE EXPERTS PANEL Q&A HERE
Replies: 84
Views: 13941

Re: POST YOUR QUESTIONS FOR THE EXPERTS PANEL Q&A HERE

In The Bogleheads' Guide to investing, it talks a lot about the sooner you invest the more you will have sooner in life. What is the most important advice you could give to a college student (who has not started investing) about investing after college? What would be the smartest choice for startin...
by Mel Lindauer
Fri Oct 11, 2019 4:08 pm
Forum: Investing - Theory, News & General
Topic: Reporter doing story on new 199A deduction
Replies: 0
Views: 470

Reporter doing story on new 199A deduction

A known reporter for a national publication would like to talk to rental real-estate owners about their experience with the new 199A deduction for certain businesses. Deadline: Tuesday, Oct. 15. Please write Laura.Saunders@wsj.com before Tuesday, Oct. 15.
by Mel Lindauer
Sun Oct 06, 2019 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: Fee-based CFP advice
Replies: 11
Views: 1247

Re: Fee-based CFP advice

If you do decide to hire a fee-only advisor, you might want to check out Boglehead Allan Roth, CPA, MBA, CFP.
by Mel Lindauer
Wed Oct 02, 2019 11:36 am
Forum: Personal Consumer Issues
Topic: What are the styles or genres of home interior design?
Replies: 5
Views: 744

Re: What are the styles or genres of home interior design?

This thread is locked (non-actionable).
by Mel Lindauer
Wed Sep 25, 2019 11:18 pm
Forum: Investing - Theory, News & General
Topic: Vanguard brokerage account transition
Replies: 84
Views: 9832

Re: Vanguard brokerage account transition

abuss368 wrote:
Wed Sep 25, 2019 6:36 pm
Is there anyway the Bogleheads could provide a formal request to Vanguard to provide true "year to date" statements?
Vanguard folks monitor this forum regularly, so you can bet they've already seen this thread.
by Mel Lindauer
Tue Sep 24, 2019 5:08 pm
Forum: Investing - Theory, News & General
Topic: Vanguard brokerage account transition
Replies: 84
Views: 9832

Re: Vanguard brokerage account transition

jebmke wrote:
Tue Sep 24, 2019 3:46 pm
Mel Lindauer wrote:
Tue Sep 24, 2019 2:39 pm
With the old statements, they were, indeed, year-to-date so you could toss the previus statements and end up with one December statement that covered all the transactions for the year.
Are you still using paper statements?
Most certainly. When systems crash and I need proof, paper is king.
by Mel Lindauer
Tue Sep 24, 2019 2:39 pm
Forum: Investing - Theory, News & General
Topic: Vanguard brokerage account transition
Replies: 84
Views: 9832

Re: Vanguard brokerage account transition

I am surprised no one has discussed the account statement format I raised earlier. I believe Mel h(who hopefully will see this thread) has discussed this as well. IMO, this is a major step backwards. With the old statements, they were, indeed, year-to-date so you could toss the previus statements a...
by Mel Lindauer
Mon Sep 23, 2019 2:01 pm
Forum: Investing - Theory, News & General
Topic: WSJ Reporter doing story on Muni bonds
Replies: 0
Views: 504

WSJ Reporter doing story on Muni bonds

Hi Everyone: Heather Gillers, a known reporter who covers municipal bonds for the Wall Street Journal, is looking for a municipal bond investor who bought or sold municipal bonds between 2013 and the present. She and a fellow reporter recently published an investigation into pricing in the municipal...
by Mel Lindauer
Sun Sep 22, 2019 12:56 pm
Forum: Personal Consumer Issues
Topic: Have you copyrighted a poem?
Replies: 16
Views: 1066

Re: Have you coyrighted a poem?

One trick that I've heard is used by some writers is to mail the the original work to yourself. Then when you receive it, leave the envelope unopened, with the postmarked date on it. If legal issues arise, you can present this as proof that you had written the poem as of the date on the envelope. I...
by Mel Lindauer
Sun Sep 22, 2019 12:50 pm
Forum: Personal Investments
Topic: Should I buy I-bonds when I'm >30 years from retirement?
Replies: 50
Views: 4557

Re: Should I buy I-bonds when I'm >30 years from retirement?

Since you're young, you may have children now or in the future. If you meet the income limits, you can use these, tax-free, for your children's qualifying education expenses.

And, if you decide to return to college for an advanced degree, you can also use these for your own educational expenses.
by Mel Lindauer
Sun Sep 15, 2019 11:35 am
Forum: US Chapters
Topic: Master thread - Providence, Rhode Island Bogleheads Chapter
Replies: 32
Views: 7054

Re: Master thread - Providence, Rhode Island Bogleheads Chapter

I would be interested, but that's an hour's drive away. Surely there are others in other areas of RI than Providence... Start a new thread asking if there's any intetest in starting a new Local Chapter in your city/area. If you get five or more and one of you agrees to be the local Chapter Coordina...
by Mel Lindauer
Sun Sep 15, 2019 7:05 am
Forum: Investing - Theory, News & General
Topic: Best of Bogleheads - your #1 takeaway
Replies: 151
Views: 15361

Re: Best of Bogleheads - your #1 takeaway

I'm surprised that I haven't seen what I consider to be the #1 lesson folks need to learn. None of the other things listed in this thread can happen if you don't follow rule #1 which is:

Learn to live below your means.
by Mel Lindauer
Sun Sep 08, 2019 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: I Bonds - How Your Spouse can Quickly Cash in I Bonds
Replies: 53
Views: 4424

Re: I Bonds - How Your Spouse can Quickly Cash in I Bonds

We have some paper I bonds that won't mature for another 20 years, one is spouses co-owned, the others individually owned with POD. We would like to redeem some of them sometime within the next 10 years or so to help grandchildren with college expenses. If we are able to redeem them at a bank, can ...
by Mel Lindauer
Sat Sep 07, 2019 5:28 pm
Forum: Investing - Theory, News & General
Topic: Episode 013: Bogleheads on Investing - guest Dr. Bill Bernstein, host Rick Ferri
Replies: 36
Views: 5176

Re: Episode 013: Bogleheads on Investing - guest Dr. Bill Bernstein, host Rick Ferri

Another outstanding podcast, Rick and Bill.

Thanks for sharing your thoughts and wisdom with the Bogjeheads, Bill.

See you at the Confetence next month.
by Mel Lindauer
Wed Sep 04, 2019 12:02 pm
Forum: Personal Investments
Topic: Series I bonds - question about compounding interest
Replies: 18
Views: 1803

Re: Series I bonds - question about compounding interest

I think the OP must be referring to.EE Bonds, since that's the way they work.
by Mel Lindauer
Tue Sep 03, 2019 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: I Bonds - How Your Spouse can Quickly Cash in I Bonds
Replies: 53
Views: 4424

Re: I Bonds - How Your Spouse can Quickly Cash in I Bonds

Mel, It is unfortunate, but banks in my area no longer want to redeem paper bonds. They make it difficult by either limiting the amount per day to a low amount (such as $1,000), refusing to do so for non-customers, or outright not doing it. The major CU in town fortunately still performs redemption...
by Mel Lindauer
Sun Sep 01, 2019 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: I Bonds - How Your Spouse can Quickly Cash in I Bonds
Replies: 53
Views: 4424

Re: I Bonds - How Your Spouse can Quickly Cash in I Bonds

My wife went to cash in paper U.S. savings bonds recently and was told by bank they don't do this any longer. This was at Wells Fargo. I thought banks were required to cash these. Any one know for certain. Thanks. No, they're not required to. I don't think they ever were, but it used to be nearly u...
by Mel Lindauer
Sun Sep 01, 2019 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: I Bonds - How Your Spouse can Quickly Cash in I Bonds
Replies: 53
Views: 4424

Re: I Bonds - How Your Spouse can Quickly Cash in I Bonds

A perfect example of why you want to hold on to your paper I Bonds. If you have paper I Bonds with your wife as a co-owner, she can hold them or redeem them whenever she wants. No hoops to jump through as required at TD. I've held onto mine and when folks ask me, I suggest they do the same and avoid...
by Mel Lindauer
Wed Aug 21, 2019 2:55 pm
Forum: Personal Investments
Topic: Series EE Treasury bonds for kiddie tax arbitrage
Replies: 14
Views: 1033

Re: Series EE Treasury bonds for kiddie tax arbitrage

Don’t forget, perhaps your 25 year old fledgling will have some lingering student debt to pay off? Or graduate school approaching? Just more support for your basic idea: https://www.bogleheads.org/wiki/EE_savings_bonds#Tax-Free_Growth_for_Qualified_Education_Expenses This specific version of the ki...