Search found 12507 matches

by Mel Lindauer
Sat Oct 21, 2017 12:28 am
Forum: Investing - Help with Personal Investments
Topic: Advice on Advisor's choice of immediate variable annuity for retirement income
Replies: 18
Views: 777

Re: Advice on Advisor's choice of immediate variable annuity for retirement income

1. I hope you understand that the 5% is not your annual earnings. Rather, it's basically a return of your own money. 2. Putting a tax-deferred variable annuity inside an already tax-deferred plan should be against the law. That should have set off alarms that this advisor wasn't acting as a fiduciar...
by Mel Lindauer
Sat Oct 14, 2017 10:17 pm
Forum: Investing - Theory, News & General
Topic: Wade Pfau’s new book: How Much Can I Spend in Retirement?
Replies: 17
Views: 3965

Re: Wade Pfau’s new book: How Much Can I Spend in Retirement?

Anybody here read the book? https://www.amazon.com/How-Much-Spend-Retirement-Investment-Based/dp/1945640022/ref=as_li_ss_tl?s=books&ie=UTF8&qid=1506693380&sr=1-1&keywords=How+Much+Can+I+Spend+in+Retirement?&linkCode=sl1&tag=pensretiplana-20&linkId=96a5993f427f5dad2261645c5d3a297f Thx Yes, I read it...
by Mel Lindauer
Sat Oct 14, 2017 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: Met with a CFP, not too impressed.
Replies: 29
Views: 5265

Re: Met with a CFP, not too impressed.

Is that all the contract states - estimate and billing rate? It doesn't say what you discussed or expected from him? Pretty much. Was not too impressed with it, seemed more like legal boilerplate than a contract for services. Then log into Bogleheads and do it yourself. :D Good advice.... I joined ...
by Mel Lindauer
Fri Oct 13, 2017 9:57 pm
Forum: Investing - Theory, News & General
Topic: Annuities-when and why?
Replies: 94
Views: 12908

Re: Annuities-when and why?

I have a pension, my wife's SSA, and some day my SSA. That's enough annuities for me. I think I can get a better return through investing than with annuities. Possibly, but just be aware that a 7% withdrawal ratio may not succeed in all instances... Please explain where the 7% withdrawal ratio came...
by Mel Lindauer
Fri Oct 13, 2017 9:41 pm
Forum: Investing - Help with Personal Investments
Topic: admiral shares or investor shares?
Replies: 24
Views: 2931

Re: admiral shares or investor shares?

if I were to transfer my 2040 to a brokerage account, does that change anything pertaining to the tf account?....pros vs cons...thanks again for helping this rookie out! Not much changes from an investing standpoint when you use the brokerage account except that you can buy mutual funds and/or ETFs...
by Mel Lindauer
Thu Oct 12, 2017 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: annuity beneficiary
Replies: 5
Views: 286

Re: annuity beneficiary

If it's a typical high-cost annuity (almost all are), you might consider doing a tax-free 1035 transfer to a low-cost annuity at Vanguard.
by Mel Lindauer
Wed Oct 11, 2017 6:18 pm
Forum: Local Chapters and Bogleheads Community
Topic: Brooklyn, NY Meetup
Replies: 8
Views: 738

Re: Brooklyn, NY Meetup

Is anyone going to step up and agree to be the Local Chapter coordinator? If so, PM me and we'll make it official.
by Mel Lindauer
Wed Oct 11, 2017 5:55 pm
Forum: Investing - Theory, News & General
Topic: I Bond fixed rate mystery
Replies: 24
Views: 1764

Re: I Bond fixed rate mystery

Maximum was $30K and you could charge them on a credit card. Gill AND, if you bought them at the end of the month you got interest for the entire month. Did the end of month trick change? It was my impression this was still the case. The few I've bought recently I always scheduled for the 28th of t...
by Mel Lindauer
Tue Oct 10, 2017 2:27 pm
Forum: Local Chapters and Bogleheads Community
Topic: Bogleheads you would most like to meet and why?
Replies: 134
Views: 9000

Re: Bogleheads you would most like to meet and why?

Bill Bernstein - The "why" should mostly go without saying. Cause he's "THE" Bill Bernstein? Well, of all of the various finance books I've read, I generally have enjoyed his the most, despite occasionally not understanding them sometimes. If you're ever able to grab one of the coveted reservations...
by Mel Lindauer
Mon Oct 09, 2017 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: Xmas bonus for Honorably discharged veterans
Replies: 11
Views: 2183

Re: Xmas bonus for Honorably discharged veterans

"Your information cannot be found. " I served in the Army between 1966 and 1969. Any idea why my records can't be found? I have a copy of my DD214. Nor was my records found (USMC 52-56)....probably lost in that 70s fire. I will try to get this verified as I have my original discharge papers in my b...
by Mel Lindauer
Mon Oct 09, 2017 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: US I-bonds to 529 plan/ Tax question
Replies: 6
Views: 570

Re: US I-bonds to 529 plan/ Tax question

The 529 Plan IS a qualified educational expense.
by Mel Lindauer
Sun Oct 08, 2017 6:51 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's long-term outlook for TIPS
Replies: 92
Views: 6975

Re: Vanguard's long-term outlook for TIPS

At 1% real or less, TIPS are a terrible way to GET rich. But an excellent way to STAY rich. If I was a young investor today, I would not think of owning TIPS in my portfolio. I would be 90% equities. But having taken advantage of the bull market of 1981-2000 (I averaged 15% real), I can easily get ...
by Mel Lindauer
Sun Oct 08, 2017 6:30 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's long-term outlook for TIPS
Replies: 92
Views: 6975

Re: Vanguard's long-term outlook for TIPS

Those "stodgy" old I Bonds with REAL rates of 3.0, 3.3, 3.4 and 3.6% are looking mighty good compared to TIPS right now. Because I backed up the truck over the years (and recommended that others do the same), they provide all the inflation protection I need, so I no longer have any reason to own TI...
by Mel Lindauer
Sun Oct 08, 2017 6:22 pm
Forum: Investing - Help with Personal Investments
Topic: EE bonds vs iBonds
Replies: 39
Views: 6033

Re: EE bonds vs iBonds

Here's a Forbes column I did some time back, showing how investors can build their own annuity using EE Savings Bonds.

https://www.forbes.com/sites/theboglehe ... 8ab42d7ba3
by Mel Lindauer
Sun Oct 08, 2017 4:38 pm
Forum: Investing - Help with Personal Investments
Topic: EE bonds vs iBonds
Replies: 39
Views: 6033

Re: EE bonds vs iBonds

Right now, given the current economic data, it's projected the inflation rate for I bonds for May will be 0% and the fixed rate may be somewhere between 0-.20%. If that holds, your composite rate of 1.13% is going to have to be a heck of a lot higher in the following six months come November. Why d...
by Mel Lindauer
Sun Oct 08, 2017 2:49 pm
Forum: Local Chapters and Bogleheads Community
Topic: Brooklyn, NY Meetup
Replies: 8
Views: 738

Re: Brooklyn, NY Meetup

There should be more than enough Bogleheads in Brooklyn to get a new Local Chapter going. Let's see how may express an interest.
by Mel Lindauer
Sun Oct 08, 2017 1:56 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's long-term outlook for TIPS
Replies: 92
Views: 6975

Re: Vanguard's long-term outlook for TIPS

Those "stodgy" old I Bonds with REAL rates of 3.0, 3.3, 3.4 and 3.6% are looking mighty good compared to TIPS right now. Because I backed up the truck over the years (and recommended that others do the same), they provide all the inflation protection I need, so I no longer have any reason to own TIPS.
by Mel Lindauer
Sat Oct 07, 2017 1:30 pm
Forum: Investing - Theory, News & General
Topic: Got a Question for the Experts Panel at the Bogleheads Conference?
Replies: 37
Views: 9942

Re: Got a Question for the Experts Panel at the Bogleheads Conference?

The questions have already been collected and assembled, so no more questions will be taken. This thread is locked.
by Mel Lindauer
Sat Oct 07, 2017 9:09 am
Forum: Personal Consumer Issues
Topic: Medigap Policies--So Much Conflicting Information
Replies: 29
Views: 2195

Re: Medigap Policies--So Much Conflicting Information

FWIW, I moved from PA to FL and my medigap policy was good in both states. I also was able to switch from one medigap plan insurer to another lower-cost one without any problems or underwriting. from the link above: ..I'm moving out of state. You can keep your current Medigap policy regardless of w...
by Mel Lindauer
Fri Oct 06, 2017 11:42 pm
Forum: Personal Consumer Issues
Topic: Medigap Policies--So Much Conflicting Information
Replies: 29
Views: 2195

Re: Medigap Policies--So Much Conflicting Information

FWIW, I moved from PA to FL and my medigap policy was good in both states.

I also was able to switch from one medigap plan insurer to another lower-cost one without any problems or underwriting.
by Mel Lindauer
Fri Oct 06, 2017 10:30 am
Forum: Local Chapters and Bogleheads Community
Topic: The Woodlands, Texas Chapter?
Replies: 18
Views: 2851

Re: The Woodlands, Texas Chapter?

Well it appears that there's more than enough interest in getting a Woodlands Local Chapter going. All we need now is for someone to step up and agree to the Local Chapter Coordinator (see my post above).

PM me if you're interested.

Best regards,

Mel
by Mel Lindauer
Thu Oct 05, 2017 6:37 pm
Forum: Investing - Help with Personal Investments
Topic: Millionaire Next Door (Thank you Bogleheads)
Replies: 81
Views: 11128

Re: Millionaire Next Door (Thank you Bogleheads)

Congrats on that great achievement. You're an inspiration to others who are working to achieve that second comma. I have no doubt your Mom is up in Heaven, proudly bragging to anyone who will listen as she points at you and says "That's my son and he's a millionaire!". Well done. You should be proud...
by Mel Lindauer
Thu Oct 05, 2017 5:56 pm
Forum: Personal Consumer Issues
Topic: Simple Notebook/laptop
Replies: 58
Views: 3066

Re: Simple Notebook/laptop

FWIW, if it were my Mom, I'd get her a Chromebook as has been recommended by the majority of responders on this thread.
by Mel Lindauer
Wed Oct 04, 2017 10:34 pm
Forum: Personal Consumer Issues
Topic: River cruise recommendations (Europe)
Replies: 19
Views: 1468

Re: River cruise recommendations (Europe)

We took the Tauk Tours cruise around Iceland this year on the recommendation of a friend. loved it! Having the boat as your hotel without needing to pack/unpack was wonderful. Tauk is expensive, but I'd go with them again in a heartbeat. They have several river cruises available, but most are alrea...
by Mel Lindauer
Wed Oct 04, 2017 9:00 pm
Forum: Personal Consumer Issues
Topic: River cruise recommendations (Europe)
Replies: 19
Views: 1468

Re: River cruise recommendations (Europe)

Look into Vantage River Cruises. I took two 11-day back-to-back cruises. The first one started and ended in Paris. Took the bullet train across France to the second cruise which included a memorable day in Normandy. I've done both river and ocean cruises and much prefer the smaller river cruise trip...
by Mel Lindauer
Wed Oct 04, 2017 8:55 pm
Forum: Investing - Theory, News & General
Topic: Throwing Down with a Primerica Advisor
Replies: 45
Views: 3236

Re: Throwing Down with a Primerica Advisor

I guess the real question is why you're even giving her a shot at selling you something based on the past performance of a single data-mined mutual fund? You have nothing to prove, and even if you did, she's a trained sales person who knows how to counter facts with misdirection. Cancel the meeting ...
by Mel Lindauer
Mon Oct 02, 2017 10:36 pm
Forum: Local Chapters and Bogleheads Community
Topic: Bogleheads you would most like to meet and why?
Replies: 134
Views: 9000

Re: Bogleheads you would most like to meet and why?

There are many people here whose advice has helped me enormously. I'm better off (in all senses of this phrase) for their guidance. The one I'd like to meet in person, however, is Laura. She helped -- not me, but others -- with a degree of kindness and caring I find rare in this world, always focus...
by Mel Lindauer
Mon Oct 02, 2017 10:28 pm
Forum: Personal Consumer Issues
Topic: Two Nights in Quebec City - Must See Suggestions, anyone?
Replies: 16
Views: 1213

Re: Two Nights in Quebec City - Must See Suggestions, anyone?

When my wife and I visited, we stayed at Chateau Frontenac and loved it. The bar has great views over the St Lawrence Seaway. I hope you like mussels. It seems like they are on the menu everywhere. Here's a couple of resources NY Times - 36 hours in Quebec City https://www.nytimes.com/interactive/2...
by Mel Lindauer
Sun Oct 01, 2017 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: Should I pay down some credit card debt?
Replies: 19
Views: 1151

Re: Should I pay down some credit card debt?

Bogleheads: I love these forums and I'm looking for some advice on whether I should aggressively start to pay off my credit card debt. I just acquired a roommate and they'll be paying half of the rent for at least 6 months until they save up some money. Half of the rent is $697.50. I was thinking a...
by Mel Lindauer
Sun Oct 01, 2017 11:22 am
Forum: Investing - Help with Personal Investments
Topic: Annuity Maturing for 90 year old mother
Replies: 15
Views: 1522

Re: Annuity Maturing for 90 year old mother

Be sure to check the fine print before doing a 1035 exchange on a variable annuity. When I investigated this for my own mother it turned out that moving it from another company to Vanguard would trigger a new surrender period of seven years. Since she was 86 Vanguard advised against moving it. All ...
by Mel Lindauer
Sat Sep 30, 2017 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Boglehead's Guide - do I need disability insurance?
Replies: 11
Views: 834

Re: Boglehead's Guide - do I need disability insurance?

As you are the sole breadwinner, long term disability is a must. You are 3 times more likely to become disabled as to die, and you thought the risk of dying was high enough to buy life insurance. Look at all the recent equifax threads. Freeze your credit reports, don’t bother with monitoring. Be su...
by Mel Lindauer
Sat Sep 30, 2017 8:17 pm
Forum: Investing - Help with Personal Investments
Topic: Annuity Maturing for 90 year old mother
Replies: 15
Views: 1522

Re: Annuity Maturing for 90 year old mother

Just to clarify: The annuity is owned in your mothers IRA, correct? If so, you can definitely move it to vanguard and avoid taxes. However, what are the features of her Current VA? I wouldn't worry about any living benefit on the contract but would check for a death benefit. It may be an good idea ...
by Mel Lindauer
Sat Sep 30, 2017 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Boglehead's Guide - do I need disability insurance?
Replies: 11
Views: 834

Re: Boglehead's Guide - do I need disability insurance?

As you are the sole breadwinner, long term disability is a must. You are 3 times more likely to become disabled as to die, and you thought the risk of dying was high enough to buy life insurance. Look at all the recent equifax threads. Freeze your credit reports, don’t bother with monitoring. Be su...
by Mel Lindauer
Sat Sep 30, 2017 8:00 pm
Forum: Investing - Theory, News & General
Topic: $10 million+ - Still Working and LBYM
Replies: 162
Views: 16268

Re: 3 Comma Club - Still Working and LBYM

NYCguy wrote:
Sat Sep 30, 2017 6:41 pm
All right, I feel like a dummy. How can I edit the title of my post?
I took care of changing the title for you.
by Mel Lindauer
Sat Sep 30, 2017 4:08 pm
Forum: Investing - Help with Personal Investments
Topic: Annuity Maturing for 90 year old mother
Replies: 15
Views: 1522

Re: Annuity Maturing for 90 year old mother

Concur with the suggestion to do a 1035 transfer to a Vanguard annuity. The costs there are among the lowest in the annuity industry and you have good investment options available.

Since she's probably held it for a long time, there should be no surrender charges, but double check to make sure.
by Mel Lindauer
Sat Sep 30, 2017 4:03 pm
Forum: Investing - Help with Personal Investments
Topic: Would you recommend moving an Edwards Jones IRA to Vanguard?
Replies: 16
Views: 1387

Re: Would you recommend moving an Edwards Jones IRA to Vanguard?

Concur with the recommendations to run, not walk. Get away from them as fast as possible and start enjoying the savings which will compound in your account over the years instead of lining the pockets of the folks at Edward Jones.
by Mel Lindauer
Fri Sep 29, 2017 7:28 pm
Forum: Investing - Theory, News & General
Topic: I-Bonds?
Replies: 32
Views: 3535

Re: I-Bonds?

In addition to the above-mentioned tax shifting from a current high tax bracket to a lower tax bracket when redeeming the I Bonds, they can also be used tax-free for qualifying educational expenses. Good reminder; but only applies within your MAGI limits (in 2016, married joint filing MAGI < 146k, ...
by Mel Lindauer
Thu Sep 28, 2017 9:50 pm
Forum: Local Chapters and Bogleheads Community
Topic: [Bogleheads Local] Chapters in Southern Missouri/ Northern Arkansas?
Replies: 3
Views: 553

Re: Chapters in Southern Missouri/ Northern Arkansas

If you get five or more members, and one of you agree to be the Local Chapter coordinator, I'll make it official and add your group and contact information to the Local Chapters Map so others can find and contact you.
by Mel Lindauer
Thu Sep 28, 2017 4:29 pm
Forum: Investing - Help with Personal Investments
Topic: Certified Financial Planner (CFP) ???
Replies: 26
Views: 2888

Re: Certified Financial Planner (CFP) ???

If someone is a "Certified Financial Planner" does that actually mean anything? No really, I don't know. I mean an manhole cover can be named an "Entrance Protector for a Subterranean Passageway" so is a Certified Financial Planner a real thing? My one experience with a CFP (who also has a AEP, CLU...
by Mel Lindauer
Thu Sep 28, 2017 4:21 pm
Forum: Investing - Theory, News & General
Topic: I-Bonds?
Replies: 32
Views: 3535

Re: I-Bonds?

In addition to the above-mentioned tax shifting from a current high tax bracket to a lower tax bracket when redeeming the I Bonds, they can also be used tax-free for qualifying educational expenses.
by Mel Lindauer
Thu Sep 28, 2017 2:36 pm
Forum: Investing - Theory, News & General
Topic: Q&A WITH JACK BOGLE - Got a Question for Jack?
Replies: 53
Views: 12997

Re: Q&A WITH JACK BOGLE - Got a Question for Jack?

Sorry, but I won't be taking any more questions for Jack. This thread is locked. Better luck next year.
by Mel Lindauer
Tue Sep 26, 2017 5:04 pm
Forum: Personal Consumer Issues
Topic: The Rolex and The Boglehead
Replies: 274
Views: 11057

Re: The Rolex and The Boglehead

What's a watch? :D
by Mel Lindauer
Sat Sep 23, 2017 11:23 am
Forum: Investing - Help with Personal Investments
Topic: Annuity ISSUE with transfer
Replies: 7
Views: 418

Re: Annuity ISSUE with transfer

My father had an annuity with really really horrible contract rider, that stated the surrender charges changed based on the performance of the 'POWER 10 ' stocks in the annuity. Luckily, in this month the stocks in the annuity were tanking so the surrender charges were low. I was assured on the pho...
by Mel Lindauer
Fri Sep 22, 2017 11:36 am
Forum: Investing - Theory, News & General
Topic: Vanguard: Please Offer a Gold ETF
Replies: 95
Views: 5076

Re: Vanguard: Please Offer a Gold ETF

This thread has run its course and is locked.
by Mel Lindauer
Fri Sep 22, 2017 10:49 am
Forum: Local Chapters and Bogleheads Community
Topic: Des Moines Iowa local chapter Revived
Replies: 8
Views: 1558

Re: Des Moines Iowa local chapter?

OK, CyclingDuo has stepped up and agreed to be the new coordinator for the Des Moines Local Chapter. His contact information is: DesMoinesBogleheads@mediacombb.net You can use this Local Chapters sub forum to communicate with each other. Good luck to the revitalized Des Moines Bogleheads Local Chapt...
by Mel Lindauer
Thu Sep 21, 2017 7:52 am
Forum: Local Chapters and Bogleheads Community
Topic: Bogleheads you would most like to meet and why?
Replies: 134
Views: 9000

Re: Bogleheads you would most like to meet and why?

jhfenton wrote:
Thu Sep 21, 2017 7:51 am
That's a good list. :beer There are a lot of folks on here I would love to meet.
The best way to meet a couple hundred of them (and Jack Bogle as a bonus) is to attend one of the annual Bogleheads Conferences.
by Mel Lindauer
Wed Sep 20, 2017 4:12 pm
Forum: Local Chapters and Bogleheads Community
Topic: Des Moines Iowa local chapter Revived
Replies: 8
Views: 1558

Re: Des Moines Iowa local chapter?

From the posts above, it sounds like you've got at least five Bogleheads who are interested in getting the Chapter going and meeting. The only way to tell if it's going to be successful is to get it started.

PM me and we'll get things started.
by Mel Lindauer
Wed Sep 20, 2017 10:11 am
Forum: Local Chapters and Bogleheads Community
Topic: Bogleheads you would most like to meet and why?
Replies: 134
Views: 9000

Re: Bogleheads you would most like to meet and why?

mlebuf - Loved his books and introduced me to the concept of entrepreneurial pursuits outside of main career and retiring early. Yep. Taylor and I were fortunate to have Michael as a co-author on our first book, The Bogleheads' Guide to Investing . He's a really interesting guy with lots of tales, ...
by Mel Lindauer
Sat Sep 16, 2017 9:05 pm
Forum: Investing - Theory, News & General
Topic: Q&A WITH JACK BOGLE - Got a Question for Jack?
Replies: 53
Views: 12997

Re: Q&A WITH JACK BOGLE - Got a Question for Jack?

Final call for questions for Jack Bogle's Q&A session at the 2017 Bogleheads Conference.

I've collected the questions up to here and will be locking this thread down very soon, so speak up now or get shut out.
by Mel Lindauer
Fri Sep 15, 2017 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Advice Badly Needed---Meeting with Financial Advisor
Replies: 49
Views: 3964

Re: Advice Badly Needed---Meeting with Financial Advisor

You've come to the right place for unbiased help in your journey to financial independence. You've just barely avoided the jaws of the NWL shark.

Avoid this salesperson, and any others like him, like the plague. Cancel the meeting and don't look back.