Search found 13628 matches

by Mel Lindauer
Fri Sep 18, 2020 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: IBond maximizing for a married couple
Replies: 2
Views: 241

Re: Ibond maximizing for a married couple

My husband and I have decided to start transferring our $100k emergency funds from no penalty CDs with Ally Bank to I Bonds at the US Treasury Dept. We are both trustees of a revocable living trust (RLT) that does not have a tax ID# and benefits our children. After reading multiple postings on this...
by Mel Lindauer
Thu Sep 17, 2020 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: New York Life - Invest as Favor for Friend
Replies: 35
Views: 1463

Re: New York Life - Invest as Favor for Friend

Don't mix insurance and investments. Some things to consider: Once you become a customer, your friend may later give you the "opportunity" to buy some "new and exciting product" that NY Life just introduced. Sales pitches never end with just one purchase. He may also ask for referrals, so it can rea...
by Mel Lindauer
Wed Sep 09, 2020 11:37 pm
Forum: Personal Consumer Issues
Topic: Saving on flight schools!
Replies: 20
Views: 1916

Re: Saving on flight schools!

I taught at a Flying Club in Philly years ago and the hourly rates were about as low as you could get for well-equipped instrument planes. Consider going that route.
by Mel Lindauer
Tue Sep 08, 2020 4:55 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle - Two Fund Portfolio
Replies: 1212
Views: 127219

Re: Jack Bogle - Two Fund Portfolio

Try this link. This is just a small portion of the pic that appeared in Money Magazine. That's Jack, Taylor and Pat Larimore and part of my face.

https://www.flickr.com/photos/diehards/ ... 724665012/
by Mel Lindauer
Tue Sep 08, 2020 4:34 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle - Two Fund Portfolio
Replies: 1212
Views: 127219

Re: "Not even close"

Warren Buffett's Words of Wisdom: “If a statue is ever erected to honor the person who has done the most for American investors, the hands down choice should be Jack Bogle.” Sounds like a good “go fund me” campaign. We can lobby to have placed outside the NYSE somewhere or outside Vanguard HQ. It w...
by Mel Lindauer
Tue Sep 08, 2020 1:45 pm
Forum: Personal Investments
Topic: Confused here in MA
Replies: 55
Views: 4424

Re: Confused here in MA

What about the EE bonds? should I wait until 2022 so the value will increase? They are past their maturity date, but someone at TD said that if I kept them another 3 yrs, they'd practically double in value?? Not sure about that one. Ok, thanks all! Here's the lowdown on your EE Bonds. 1. There's an...
by Mel Lindauer
Tue Sep 01, 2020 10:06 pm
Forum: Personal Investments
Topic: Lincoln Level Advantage Indexed Variable Annuity
Replies: 42
Views: 2102

Re: Lincoln Level Advantage Indexed Variable Annuity

Here's a link to a Forbes column I did some time ago on these terrible products, It's titled "The Truth About Equity-Indexed Annuities".

https://www.forbes.com/2010/08/10/truth ... 35fdaa1257
by Mel Lindauer
Mon Aug 31, 2020 9:17 pm
Forum: Personal Investments
Topic: Mom's Annuity
Replies: 10
Views: 963

Re: Mom's Annuity

Thank you for the replies. It is a variable IRA. I have not been able to discern any fixed element (so no fixed interest rate). My preference I think is not to turn it into an income stream for her because: As the principle is quite small ($24K) any income from a SPIA would be insignificant, no? Wh...
by Mel Lindauer
Mon Aug 31, 2020 7:51 pm
Forum: Personal Investments
Topic: I-Bond Annual Limit Workaround
Replies: 27
Views: 2864

Re: I-Bond Annual Limit Workaround

You can also overpay your estimated taxes if you file those, or increase your withholding from your paycheck by claiming less dependants.
by Mel Lindauer
Mon Aug 31, 2020 7:47 pm
Forum: Investing - Theory, News & General
Topic: Don Phillips, former M* CEO is our Bogleheads on Investing podcast guest
Replies: 11
Views: 1249

Re: Don Phillips, former M* CEO is our Bogleheads on Investing podcast guest

Your list of great guests continues to amaze me, Rick. Keep up the good work.
by Mel Lindauer
Sat Aug 29, 2020 4:26 pm
Forum: Personal Investments
Topic: Mom's Annuity
Replies: 10
Views: 963

Re: Mom's Annuity

She could consider annuitizing it to get a small monthly payment that's guaranteed for the rest of her life, regardless of how long she lives. This can be especially attractive if she's in good heath and has a family history of longevity. Since you say you're making up any shortfall, she obviously c...
by Mel Lindauer
Sat Aug 29, 2020 3:30 pm
Forum: Forum Issues and Administration
Topic: ? about users online [How many forum users are online now?]
Replies: 23
Views: 3625

Re: ? about users online [How many forum users are online now?]

And, I should add, a few of them are spammers from foreign countries, attempting to spam our forum members. Since you don't see it, that means that we're successful behind the scenes at catching and eliminating them before their spam posts ever see the light of day.
by Mel Lindauer
Sat Aug 29, 2020 3:27 pm
Forum: Forum Issues and Administration
Topic: ? about users online [How many forum users are online now?]
Replies: 23
Views: 3625

Re: ? about users online [How many forum users are online now?]

And we do have a lot of foreign members. In fact, we have Bogleheads Local Chapters in a number of foreign countries,including our latest addition (Russia).
by Mel Lindauer
Fri Aug 28, 2020 8:22 pm
Forum: US Chapters
Topic: Sacramento, CA Area Chapter - Master Thread
Replies: 176
Views: 87568

Re: Sacramento, CA Area Chapter - Master Thread

HueyLD wrote: Fri Aug 28, 2020 4:24 pm Does Mel L. have a twin that looks just like Mel L.?
To avoid confusion,, my good friend and former Bogleheads Conference and Bogle Center team member, Mel Turner, has been known as TOM, which is short for "The Other Mel".
by Mel Lindauer
Thu Aug 27, 2020 5:11 pm
Forum: US Chapters
Topic: Sacramento, CA Area Chapter - Master Thread
Replies: 176
Views: 87568

Re: Sacramento, CA Area Chapter - Master Thread

I hope to tune in to hear my friend, Mel's, presentation.
by Mel Lindauer
Thu Aug 27, 2020 5:07 pm
Forum: Investing - Theory, News & General
Topic: Vanguard 500 fund price is $321.84 - could there be a "split"?
Replies: 56
Views: 3639

Re: Vanguard 500 fund price is $321.84 - could there be a "split"?

The concept of fractional shares has probably made splits unnecessary. In the old days, you needed to buy at least 100 shares to avoid higher commissions on a stock purchase. In the age of commission free trades, that’s mostly gone. People just say I’m gonna put 1000 bucks into VFINX and who cares ...
by Mel Lindauer
Thu Aug 27, 2020 4:59 pm
Forum: Personal Consumer Issues
Topic: "Hobby" Money: Planes, cars, boats etc...
Replies: 113
Views: 7062

Re: Costs to own a plane

Probably much cheaper to join a local flying club Agree that that's probably the best way to go for many (most?) pilots. I was a Flight Instructor for a flying club with planes based at airports in Philly, Jersey and Delaware. The club owned several models, so that offered members flexibility (2 se...
by Mel Lindauer
Tue Aug 25, 2020 2:38 pm
Forum: Investing - Theory, News & General
Topic: EE bonds to mitigate college wealth tax?
Replies: 38
Views: 2052

Re: EE bonds to mitigate college wealth tax?

However, Savings Bonds can still be redeemed and deposited into a 529 Plan, tax-free, when someone is still below the income limits but expects to exceed those limits at a later time before or during the time their child(ren) will be going to college. How does the "double in 20 years" factor into t...
by Mel Lindauer
Tue Aug 25, 2020 11:00 am
Forum: Investing - Theory, News & General
Topic: EE bonds to mitigate college wealth tax?
Replies: 38
Views: 2052

Re: EE bonds to mitigate college wealth tax?

Savings bond interest is not tax-free for education if one's income exceeds a moderate threshold. There are significant education tax credits for folks who do not have a high AGI that more than offset the 5.64% number. And for folks with more means, a 529 plan is just a way to give a huge tax break...
by Mel Lindauer
Mon Aug 24, 2020 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: Marcus Offering 1.1% No-Penalty CD to AARP Members
Replies: 50
Views: 4998

Re: Marcus Offering 1.1% No-Penalty CD to AARP Members

I'd be interested in any opinions on this as well...how much would you have to deposit to really make this worthwhile vs just skipping the .10 extra? It seems AARP is relentless at hounding you for many years once they have your information. They still send mail to my late mom 8 years after she pas...
by Mel Lindauer
Sun Aug 23, 2020 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Want to write a will, having trouble finding an attorney
Replies: 45
Views: 2875

Re: Want to write a will, having trouble finding an attorney

Have you considered Nolo Willmaker? It walks you through a Q&A and then produces a legal will for your state. Helps you with things you may not have even thought of.
by Mel Lindauer
Sun Aug 23, 2020 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: Marcus Offering 1.1% No-Penalty CD to AARP Members
Replies: 50
Views: 4998

Re: Marcus Offering 1.1% No-Penalty CD to AARP Members

What is the downside of joining AARP just for this offer? It's $12 for the first year, so would need to recoup that through interest offer (too lazy to do the math). Not interested in getting junk mail or other hotel etc offers. I'd be interested in any opinions on this as well...how much would you...
by Mel Lindauer
Wed Aug 19, 2020 12:53 pm
Forum: Investing - Theory, News & General
Topic: WSJ Reporter doing story on Covid-19 and Munis
Replies: 0
Views: 310

WSJ Reporter doing story on Covid-19 and Munis

Hi Everyone: Heather Gillers, a known reporter who covers municipal bonds for the Wall Street Journal, is looking to speak with investors about whether the Covid-19 pandemic has prompted any changes in the way they invest in muni bonds or muni bond funds or ETFs. She is happy to talk to both people ...
by Mel Lindauer
Mon Aug 17, 2020 1:11 pm
Forum: Investing - Theory, News & General
Topic: Savings bonds vs other investments
Replies: 10
Views: 911

Re: Savings bonds vs other investments

And here's an old article I did on how to create your own annuity using EE Bonds.

https://www.forbes.com/sites/theboglehe ... 2d96ee7ba3
by Mel Lindauer
Fri Aug 14, 2020 6:45 pm
Forum: Personal Investments
Topic: Index annuity
Replies: 60
Views: 2804

Re: Index annuity

There's a very high level of negativity here. I disagree with practically everyone - my experience with one variable indexed annuity has been outstanding. (and second one not so wonderful) Firstly, lets start with "government" insured pitch. Each state has their own requirements for an annuity to b...
by Mel Lindauer
Sat Aug 08, 2020 11:09 pm
Forum: Investing - Theory, News & General
Topic: Thoughts on bonds from Fed decision...
Replies: 111
Views: 7793

Re: Thoughts on bonds from Fed decision...

One thing I haven't seen mentioned in all the talk about State Guarantees on annuity products, and that's the time that it may take to recover your money when/if your insurer goes belly up. It just might be years before the dust settles and you're able to recover whatever you're entitled to (that's ...
by Mel Lindauer
Thu Aug 06, 2020 2:55 pm
Forum: Investing - Theory, News & General
Topic: How to monitor the Fed's actions & invest to protect against future possible inflation?
Replies: 56
Views: 3841

Re: How to monitor the Fed's actions & invest to protect against future possible inflation?

I Bonds, sadly, have a purchase limits of $10,000 maximum in one calendar year. That's per SS#. A couple can buy $20,000 and an additional $10,000 per trust. And $5000 can be purchased via one's tax refund. I'll also add that I Bonds also protect against DEflation. In fact, the greater the DEflatio...
by Mel Lindauer
Wed Aug 05, 2020 12:03 am
Forum: Investing - Theory, News & General
Topic: Thoughts on bonds from Fed decision...
Replies: 111
Views: 7793

Re: Thoughts on bonds from Fed decision...

While they're not very sexy and don't get a lot of press, I Bonds are something to consider because:
1. They protect against INflation.
2. They protect against DEflation.
3. Since the composite rate can never go below zero, the greater the rate of DEflation, the higher their REAL return.
by Mel Lindauer
Mon Jul 27, 2020 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: Straight Talk Annuity
Replies: 93
Views: 5898

Re: Straight Talk Annuity

Here's a link to a Forbes column I did some time ago on these terrible things. It's titled "The Truth about Equity Indexed Annuities". https://www.forbes.com/2010/08/10/truth ... c987501257

Run, don't walk away!
by Mel Lindauer
Mon Jul 27, 2020 6:01 pm
Forum: Investing - Theory, News & General
Topic: EE Bonds as period certain annuity - revisited
Replies: 15
Views: 1462

Re: EE Bonds as period certain annuity - revisited

Mel I still credit you for this idea and think it's a good one. It's just another tool that investors can choose to use if it makes sense for them. Since there's no money to be made by pushing EE or I Bonds, they're basically ignored by those advisors looking to get paid for selling investments tha...
by Mel Lindauer
Mon Jul 27, 2020 5:49 pm
Forum: Investing - Theory, News & General
Topic: EE Bonds as period certain annuity - revisited
Replies: 15
Views: 1462

Re: EE Bonds as period certain annuity - revisited

Three points I'd like to make: 1. A couple could actually buy $20,000 per year and end up with a $40,000 per year annuity. 2. EE and I Bonds increase one's tax-deferred space, since they're tax-deferred until redeemed. That's a huge factor for investors who need/want additional tax-deferral. 3. The ...
by Mel Lindauer
Mon Jul 27, 2020 5:15 pm
Forum: Forum Issues and Administration
Topic: Proposal to represent a dynamic word cloud in Boglehead's main page
Replies: 82
Views: 4996

Re: Proposal to represent a dynamic word cloud in Boglehead's main page

I went to this site and generated a word cloud from a well-known document. From this word cloud only can you identify the document? Does the word cloud increase your understanding of the document? http://www.bee-man.us/bogleheads/words.jpg - Bob.Beeman I'm going to guess that's the Gettysburg Addre...
by Mel Lindauer
Sat Jul 25, 2020 2:26 pm
Forum: Investing - Theory, News & General
Topic: 0.00% Yield on the Vanguard Short-Term Treasury Fund
Replies: 203
Views: 15953

Re: 0.00% Yield on the Vanguard Short-Term Treasury Fund

Here is where things are, folks. The Vanguard Short-Term Treasury Fund Investor Shares (VFISX) had a 30-day SEC yield of 0.00% as of 7/16/20. A security's income, for the purposes of this calculation, is based on the current market yield to maturity (for bonds) or projected dividend yield (for stoc...
by Mel Lindauer
Fri Jul 24, 2020 1:33 am
Forum: Investing - Theory, News & General
Topic: WSJ column - "No such thing as conflict-free advice"
Replies: 24
Views: 2085

Re: WSJ column - "No such thing as conflict-free advice"

runner3081 wrote: Thu Jul 23, 2020 3:43 pm No one does anything for free.
How about the folks who help other investors with their questions right here on this forum? No one is compensated for that.
by Mel Lindauer
Mon Jul 20, 2020 4:17 pm
Forum: Investing - Theory, News & General
Topic: 0.00% Yield on the Vanguard Short-Term Treasury Fund
Replies: 203
Views: 15953

Re: 0.00% Yield on the Vanguard Short-Term Treasury Fund

Here is where things are, folks. The Vanguard Short-Term Treasury Fund Investor Shares (VFISX) had a 30-day SEC yield of 0.00% as of 7/16/20. A security's income, for the purposes of this calculation, is based on the current market yield to maturity (for bonds) or projected dividend yield (for stoc...
by Mel Lindauer
Sun Jul 19, 2020 11:54 am
Forum: Personal Investments
Topic: Small & Mid Cap Funds - Sell or Hold ?
Replies: 51
Views: 2952

Re: Small & Mid Cap Funds - Sell or Hold ?

Once i liquidate small & medium cap i will stick to total market fund long term no matter what happens with the small & mid cap. paul1979: I believe you have made a very wise decision. Consider the many benefits of The Three Fund Portfolio Best wishes. Taylor Jack Bogle's Words of Wisdom: "The beau...
by Mel Lindauer
Sat Jul 18, 2020 11:21 pm
Forum: Personal Consumer Issues
Topic: What surprised you the most once you retired?
Replies: 267
Views: 31083

Re: What surprised you the most once you retired?

I saw a saying recently that I thought was cute and appropriate for this thread: The trouble with retirement is that you never get a day off. Funny, Mel. Of course....The flip side is that you have a lifetime off. (going back to the glass of water and how full it is...) Yep, it all depends on how y...
by Mel Lindauer
Sat Jul 18, 2020 5:20 pm
Forum: Personal Consumer Issues
Topic: What surprised you the most once you retired?
Replies: 267
Views: 31083

Re: What surprised you the most once you retired?

I saw a saying recently that I thought was cute and appropriate for this thread:
The trouble with retirement is that you never get a day off.
by Mel Lindauer
Sat Jul 18, 2020 4:04 pm
Forum: Personal Investments
Topic: Small & Mid Cap Funds - Sell or Hold ?
Replies: 51
Views: 2952

Re: Small & Mid Cap Funds - Sell or Hold ?

Once i liquidate small & medium cap i will stick to total market fund long term no matter what happens with the small & mid cap. paul1979: I believe you have made a very wise decision. Consider the many benefits of The Three Fund Portfolio Best wishes. Taylor Jack Bogle's Words of Wisdom: "The beau...
by Mel Lindauer
Fri Jul 17, 2020 10:07 pm
Forum: Personal Consumer Issues
Topic: What surprised you the most once you retired?
Replies: 267
Views: 31083

Re: What surprised you the most once you retired?

— I now prefer weekdays to weekends. I don’t even know what day it is or whether it’s a weekday or weekend. There’s no point for me to know +1 About the only thing that keeps me oriented is knowing that garbage pickups are on Monday and Thursday 8-) Thankfully my phone lets me know what day it is. ...
by Mel Lindauer
Fri Jul 17, 2020 4:54 pm
Forum: Personal Consumer Issues
Topic: What surprised you the most once you retired?
Replies: 267
Views: 31083

Re: What surprised you the most once you retired?

I am so busy There is never enough Time in the day This! I have no idea how I used to fit 50 hours of work into my week. So true! I can honestly say that I'm so busy now, I don't know how I ever found time to run a business. Lots of interesting opportunities just seemed to come my way, many because...
by Mel Lindauer
Fri Jul 17, 2020 3:05 am
Forum: Personal Consumer Issues
Topic: What surprised you the most once you retired?
Replies: 267
Views: 31083

Re: What surprised you the most once you retired?

I am so busy There is never enough Time in the day This! I have no idea how I used to fit 50 hours of work into my week. So true! I can honestly say that I'm so busy now, I don't know how I ever found time to run a business. Lots of interesting opportunities just seemed to come my way, many because...
by Mel Lindauer
Tue Jul 14, 2020 1:32 pm
Forum: Personal Investments
Topic: January RMD (& CARES act) --> move back to IRA
Replies: 26
Views: 1274

Re: January RMD (& CARES act) --> move back to IRA

The CARES act waives the RMD requirement for 2020. Until recently, those that took their RMDs in January could not put them back. Recently, IRS informed the following https://www.aarp.org/money/taxes/info-2020/irs-update-rmd-repay-rule.html. It sounds like someone who took a January RMD could put i...
by Mel Lindauer
Tue Jul 14, 2020 12:48 am
Forum: Investing - Theory, News & General
Topic: U.S. Treasury Inflation Protected Securities (TIPS) ETF
Replies: 78
Views: 6302

Re: U.S. Treasury Inflation Protected Securities (TIPS) ETF

I haven't read every post in full, but glancing through them all, I'm surprised that no one has mentioned I Bonds when the discussion turned to protection against both INflation and DEflation. Since the I Bond composite rate can never go below 0%, the greater the rate of DEflation, the higher the RE...
by Mel Lindauer
Mon Jul 13, 2020 2:22 pm
Forum: Investing - Theory, News & General
Topic: Do You Do Your Taxes by Hand? Reporter doing story
Replies: 119
Views: 8611

Re: Do You Do Your Taxes by Hand? Reporter doing story

For those who are wondering, the answer is "Lots of them!". You'll just have to guess, though, since I'm not going to divulge who's who.
by Mel Lindauer
Mon Jul 13, 2020 2:17 pm
Forum: Investing - Theory, News & General
Topic: WSJ Article on filing taxes by hand
Replies: 0
Views: 438

WSJ Article on filing taxes by hand

Hi Everyone: Was just alerted by WSJ reporter Laura Saunders that her article about filing one's taxes by hand, which many Bogleheads contributed to, was published in Today's Journal. Here's a link for those with a subscription: https://www.wsj.com/articles/whos-excited-about-tax-day-the-do-it-yours...
by Mel Lindauer
Sat Jul 11, 2020 3:02 pm
Forum: Personal Investments
Topic: Reasonable withdrawal rate?
Replies: 18
Views: 1939

Re: Reasonable withdrawal rate?

My wife is a federal employee so we would have access to subsidized health insurance for life. Mel - I may have overstated my engagement as being from the 90’s (was the internet even around then 😀) but regardless it was in the early days with you and Taylor and I had a different user name. I just w...
by Mel Lindauer
Wed Jul 08, 2020 8:48 pm
Forum: Personal Investments
Topic: Reasonable withdrawal rate?
Replies: 18
Views: 1939

Re: Reasonable withdrawal rate?

I want to thank everyone for their suggestions thus far. I was active on the forum in the mid 90s and benefited so much from Mel and others wisdom so it is nice to see that so many others are carrying on the tradition of helping others. To answer a few questions: 1. The numbers don’t change dramati...
by Mel Lindauer
Mon Jul 06, 2020 1:41 am
Forum: Investing - Theory, News & General
Topic: Futures are 1+% up and the coronavirus crisis is getting worse
Replies: 13
Views: 2000

Re: Futures are 1+% up and the coronavirus crisis is getting worse

Markets are forward looking, and at the present time it appears that some investors are looking past the virus to better times. They know that times were good before the virus and apparently feel that those good times will return for investors once the virus is finally defeated, or at least is under...
by Mel Lindauer
Tue Jun 30, 2020 11:56 pm
Forum: Investing - Theory, News & General
Topic: Bernstein’s Deep Risk: Global Equities Hedge for Inflation
Replies: 45
Views: 4210

Re: Bernstein’s Deep Risk: Global Equities Hedge for Inflation

I Bonds and TIPS are now available to hedge against inflation.