Search found 2336 matches

by SGM
Mon Sep 25, 2017 7:33 am
Forum: Personal Consumer Issues
Topic: The Expert's Dilemma - How can I know I'm getting a good physician without being one myself?
Replies: 77
Views: 4211

Re: The Expert's Dilemma - How can I know I'm getting a good physician without being one myself?

As a retired family physician and gerontologists I referred my patients to specialists who were responsive and communicative to me and would see my patients quickly if I felt it was more urgent. The specialists knew that I would not abuse the privilege by exaggerating the need for an urgent referral...
by SGM
Mon Sep 25, 2017 3:43 am
Forum: Investing - Help with Personal Investments
Topic: Just Getting Started
Replies: 6
Views: 478

Re: Just Getting Started

If you inherit a Traditional, Rollover, SEP, or SIMPLE IRA from a friend or family member, you have several options, depending on whether the account holder was under or over age 70½. I would check with Vanguard or whatever institution you are going to use for the specific rules regarding required w...
by SGM
Sun Sep 24, 2017 4:23 am
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 233
Views: 23662

Re: Calling out the not so rich bogleheads

Commoner OP?. Are we back in merry old England or what? :D

Most of the financial advice I have read was written after the establishment of the American colonies.
by SGM
Sat Sep 23, 2017 3:14 am
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 233
Views: 23662

Re: Calling out the not so rich bogleheads

I have learned a lot from both rich and not so rich BHs although I came to many core BH principles on my own before finding this forum. The wealth or income of a poster is not of concern to me. There are certain problems or issues that transcend differences in wealth and are common to all. There are...
by SGM
Thu Sep 21, 2017 4:07 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Advice-Whole life,Vanguard,Roth IRA?
Replies: 16
Views: 759

Re: Investment Advice-Whole life,Vanguard,Roth IRA?

OP you have good instincts to realize these insurance salesmen do not have your best interests at heart. The loans are pretty high and I would pay them off as quickly as possible. Make sure you get the match for your 401k. Try to keep your car running. I would look for tax deductible investments lik...
by SGM
Thu Sep 21, 2017 10:42 am
Forum: Investing - Help with Personal Investments
Topic: IRA to Roth conversion now (age 68) or RMD?
Replies: 29
Views: 1613

Re: IRA to Roth conversion now (age 68) or RMD?

If you are going to be in the same or greater tax rate when you take RMDs it will pay to make Roth conversions. If you pay your taxes out of a taxable account the buying power at the time of conversion will be exactly the same. You don't lose any buying power period. In the 25% tax bracket you have ...
by SGM
Thu Sep 21, 2017 8:00 am
Forum: Local Chapters and Bogleheads Community
Topic: Bogleheads you would most like to meet and why?
Replies: 79
Views: 4358

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

I have been fortunate to meet many BHs at the Philadelphia national meetings and at local meetings. There are a lot of friendly, intelligent, and good humored BHs out there.
by SGM
Thu Sep 21, 2017 7:53 am
Forum: Investing - Help with Personal Investments
Topic: I won the Lottery. Need sound advice.
Replies: 204
Views: 19105

Re: I won the Lottery. Need sound advice.

OP has shown no discipline in the past. If he takes a lump sum pay off all the debt and learn to live within your means. If the OP does not intend to pay off the debt and cannot change his ways then an annuity would be a safer bet. Get rid of your financial advisor.
by SGM
Wed Sep 20, 2017 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security - Applying Online for Age 70 Benefit - Avoiding Retroactive Payments
Replies: 5
Views: 884

Re: Social Security - Applying Online for Age 70 Benefit - Avoiding Retroactive Payments

A friend who just turned 70 in August had to argue with the SS agent to not receive a retroactive payment for the prior 6 months. She was receiving a divorced spouse's benefit since she reached her FRA. This occurred face to face at the local SS office. The agent was insistent that the friend would ...
by SGM
Wed Sep 20, 2017 2:57 am
Forum: Investing - Theory, News & General
Topic: Multiple sources of income - fact or fiction?
Replies: 12
Views: 1850

Re: Multiple sources of income - fact or fiction?

Some rental income requires almost no effort, like a cell tower lease, farmland rental, hunting leases, solar farms or wind farms. Renting apartments or houses requires more effort, but the IRS considers it as passive income unless you spend large amounts of time as a landlord. SS, pensions, and oth...
by SGM
Mon Sep 18, 2017 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: A bit of estate planning
Replies: 10
Views: 1075

Re: A bit of estate planning

In 2018 the gift limit will be $15,000 each or $30,000 for a couple. A 529 can be controlled by the grandparent or parent. You can pay directly tuition or medical bills without limit.
by SGM
Mon Sep 18, 2017 8:19 am
Forum: Personal Finance (Not Investing)
Topic: Psychological effects of Early Retirement in peak earning years.
Replies: 63
Views: 6880

Re: Physiological effects of Early Retirement in peak earning years.

it is hard to imagine just tuning off the lights on my career one day as a physician. After spending most of life studying to become one and working, it is terrifying to just let it go. With my career being so time consuming, I haven't developed as many friends and hobbies as I would like. I feel l...
by SGM
Sun Sep 17, 2017 7:56 am
Forum: Local Chapters and Bogleheads Community
Topic: DC Bogleheads Meeting in Ballston with Sita Slavov
Replies: 23
Views: 1768

Re: DC Bogleheads Meeting in Ballston with Sita Slavov

Thanks Bob, I have already made my decision to delay until 70, but I have referred others to the articles you have cited. A friend who is confused about the subject of when to take SS may attend with me. I discussed this with another friend who is still working past 70 and he tried to keep delaying ...
by SGM
Wed Sep 13, 2017 10:14 am
Forum: Personal Consumer Issues
Topic: Is it really Worth it to brown bag your lunch at work?
Replies: 313
Views: 17355

Re: Is it really Worth it to brown bag your lunch at work?

I brown bagged off and on for many years. I did enjoy occasionally going out with coworkers. In two positions I bought a lot of state of the art equipment and allowed sales persons to take me and others out to lunch. I learned a lot at these lunch meetings and ate at a lot of fun places I would have...
by SGM
Tue Sep 12, 2017 9:08 am
Forum: Investing - Theory, News & General
Topic: [WSJ] Your Tolerance for Investment Risk Is Probably Not What You Think
Replies: 49
Views: 5547

Re: [WSJ] Your Tolerance for Investment Risk Is Probably Not What You Think

I have seen several of these risk tolerance surveys through various brokerages and mutual fund companies and don't put much faith in them. Statman makes some good points as to why they are not accurate. I have recently read his latest book Finances for Normal People and found it a good read concerni...
by SGM
Mon Sep 11, 2017 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Variable Percentage Withdrawal -> Before retirement Age
Replies: 35
Views: 3046

Re: Variable Percentage Withdrawal -> Before retirement Age

Mike Piper states it well in today's blog on "The Oblivious Investor", "there is no perfect spending strategy, but there are many perfectly fine spending strategies".
by SGM
Mon Sep 11, 2017 8:58 am
Forum: Personal Consumer Issues
Topic: 24 care home care for family member
Replies: 23
Views: 2189

Re: 24 care home care for family member

I had a professional relationship with a social work group that had a 20+ year history of recommending home care. I referred all of my elderly patients considering home care to this group and they recommended larger companies unless they knew individual care givers quite well. An in-law used a small...
by SGM
Sun Sep 10, 2017 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: Variable Percentage Withdrawal -> Before retirement Age
Replies: 35
Views: 3046

Re: Variable Percentage Withdrawal -> Before retirement Age

:P I have found that I am having more difficulty interpreting the written word and attribute it to increased smart phone use and currently the smart phone is shut off but on my desk. The presence of a smartphone, even if turned off , lowers available cognitive capacity, based on new psychological re...
by SGM
Sat Sep 09, 2017 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Anyone using i-orp as a guide for withdrawals?
Replies: 44
Views: 4450

Re: Anyone using i-orp as a guide for withdrawals?

I-orp suggested large conversions over several years. This was just an additional confirmation of what I was already prepared to do. I completed the conversions a little faster than suggested by I-orp. I felt that the tax predictions were lower than I expected. Also withdrawals are more than I need ...
by SGM
Thu Sep 07, 2017 3:01 am
Forum: Personal Finance (Not Investing)
Topic: NYT > Under ‘Observation,’ Some Hospital Patients Face Big Bills
Replies: 23
Views: 2696

Re: NYT > Under ‘Observation,’ Some Hospital Patients Face Big Bills

Having been a physician I am fully aware of these issues. I recently took an elderly relative to the ER three times in the last two weeks. The last ER visit resulted in a week long stay and I was assured that the relative met all the qualifications for admission. I check with the hospitalist daily o...
by SGM
Thu Sep 07, 2017 2:37 am
Forum: Investing - Theory, News & General
Topic: Do retiree BHs actually run down their portfolios?
Replies: 73
Views: 8057

Re: Do retiree BHs actually run down their portfolios?

I have been retired for 3 years and our portfolio is up. I haven't calculated a withdrawal rate and so far and we just take out whatever we need. We have some other income streams outside of the portfolio. I am not opposed to drawing down the portfolio, but have not needed to do that so far. I am de...
by SGM
Wed Sep 06, 2017 5:11 pm
Forum: Investing - Theory, News & General
Topic: Dividends and Withdrawal Rate
Replies: 39
Views: 3142

Re: Dividends and Withdrawal Rate

If you are only withdrawing dividends from the 50% of your portfolio that is in stocks you are in good shape. If you dividend rate is 2% and you are not spending anything from the other 50% in bonds then your withdrawal rate is 1%. The preference for spending only dividends over selling stock for ca...
by SGM
Wed Sep 06, 2017 4:25 am
Forum: Investing - Theory, News & General
Topic: Vanguard funds with purchase fees; ETFs without. How come?
Replies: 26
Views: 2539

Re: Vanguard funds with purchase fees; ETFs without. How come?

When one buys or sells an ETF there is always a purchaser on the other side of the trade regardless of the NAV or the spread. Thus the underlying stock owned by the ETF does not need to be bought or sold. ETFs that are not traded frequently generally have greater spreads from the NAV. If you purchas...
by SGM
Mon Sep 04, 2017 8:34 am
Forum: Personal Finance (Not Investing)
Topic: Social Security analyzer
Replies: 9
Views: 1713

Re: Social Security analyzer

This is the calculator I have used in the past. It recommended a spousal benefit at 66 for the lower earner and both to take our own at age 70. We were under the old rules prior to April 30th 2016. Several other calculators and books have confirmed this strategy as the best for our purposes. While d...
by SGM
Mon Sep 04, 2017 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Jason Zweig's tax bomb example
Replies: 28
Views: 3638

Re: Jason Zweig's tax bomb example

Be cautious about buying a mutual fund late in the year before capital gains are reported. 40 years ago I bought an active mutual fund and the value of the fund went down and I still had to pay tax on a significant capital gain. At the time I got out of active funds and into very low cost dividend r...
by SGM
Mon Sep 04, 2017 4:19 am
Forum: Investing - Theory, News & General
Topic: Why can't the future of stocks be predicted
Replies: 61
Views: 3222

Re: Why can't the future of stocks be predicted

Is this a Far Side cartoon?
by SGM
Sun Sep 03, 2017 4:24 pm
Forum: Local Chapters and Bogleheads Community
Topic: [Are the Bogleheads] getting less interesting?
Replies: 255
Views: 16244

Re: [Are the Bogleheads] getting less interesting?

I don't recall why the polls were abandoned, but I was not sorry to see them go. I certainly wouldn't base any investment decisions based on polls. Results were seriously statistically flawed. Biased samples, lack of randomness, truthfullness, etc. You might not base decisions on them, but others l...
by SGM
Sun Sep 03, 2017 4:20 pm
Forum: Investing - Help with Personal Investments
Topic: Humble dollar article on munis
Replies: 6
Views: 654

Re: Humble dollar article on munis

Being in a high bracket I have muni bonds in taxable. I have no tax deferred accounts. In my Roth accounts, I prefer stock funds over taxable bond funds. I read this blog when it first came out. I like most of what Clements writes, but do not agree with him for my own situation regarding muni bond f...
by SGM
Sun Sep 03, 2017 5:05 am
Forum: Local Chapters and Bogleheads Community
Topic: [Are the Bogleheads] getting less interesting?
Replies: 255
Views: 16244

Re: [Are the Bogleheads] getting less interesting?

I don't recall why the polls were abandoned, but I was not sorry to see them go. I certainly wouldn't base any investment decisions based on polls.
by SGM
Sun Sep 03, 2017 4:39 am
Forum: Investing - Theory, News & General
Topic: Vanguard Speaks Softly but Carries a Big Stick
Replies: 29
Views: 3108

Re: Vanguard Speaks Softly but Carries a Big Stick

I own Vanguard funds because of their low cost and the efficient way they run their funds, not for any special expertise regarding controversial issues.
by SGM
Sat Sep 02, 2017 9:53 am
Forum: Investing - Theory, News & General
Topic: The Stock Market Is Always Risky
Replies: 42
Views: 3350

Re: The Stock Market Is Always Risky

The stock market is always risky, but you will have a much greater difficulty reaching your goals without investing in the stock market. After 35+ years of investing with every paycheck, I have reached my goals early and retired at full retirement age because I liked what I was doing. One should pre...
by SGM
Sat Sep 02, 2017 3:30 am
Forum: Investing - Theory, News & General
Topic: Cant get my head around this..All Bonds in non-taxable OR...
Replies: 23
Views: 3376

Re: Cant get my head around this..All Bonds in non-taxable OR...

I hold some muni bond funds in taxable and some total bond fund in my Roth accounts. Traditional accounts have all been converted. The after tax return on muni funds are better than total bond in taxable at our highest taxable rate. With current tax law our state taxes paid are at least partially de...
by SGM
Fri Sep 01, 2017 7:59 am
Forum: Local Chapters and Bogleheads Community
Topic: [Are the Bogleheads] getting less interesting?
Replies: 255
Views: 16244

Re: [Are the Bogleheads] getting less interesting?

I have retired so the issues that were most important to me have been addressed. I also miss sscritic. I still find it interesting to see what issues others are struggling with.
by SGM
Tue Aug 29, 2017 6:44 pm
Forum: Investing - Help with Personal Investments
Topic: $400,000 Roth Conversions Between Ages 66-69?
Replies: 156
Views: 24735

Re: $400,000 Roth Conversions Between Ages 66-69?

Medicare looks back to your MAGI as determined two years earlier. So when you are eligible for Medicare at age 65 they look at your MAGI when you were 63. For 2017 they use your MAGI from your 1040 in 2015.
by SGM
Tue Aug 29, 2017 8:54 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2592
Views: 821129

Re: What Book Are You Currently Reading? Part VI

I just read in one sitting Ethan Frome. I noticed today that it was listed twice in the thread ... Books not to read . The main character is a depressed person and novel has a depressing ending. We recently visited The Mount.. the home built by the author Edith Wharton and previously I had only read...
by SGM
Tue Aug 29, 2017 7:37 am
Forum: Investing - Help with Personal Investments
Topic: Relative angry I will not co-sign
Replies: 90
Views: 8031

Re: Relative angry I will not co-sign

You made the correct decision. Do not cosign a loan with anyone. You will become responsible for the loan. The relative should learn responsibility. You are actually helping the relative by not cosigning the loan.
by SGM
Tue Aug 29, 2017 4:06 am
Forum: Investing - Help with Personal Investments
Topic: Sitting on the sidelines...for now
Replies: 32
Views: 3775

Re: Sitting on the sidelines...for now

It is unlikely you will keep up with inflation with bond funds or CDs. In an IRA I would invest in the total bond fund and maybe add some intermediate corporate bond fund. I have added some non-brokered CDs for an elderly relative as part of his non stock allocation. We have seen quite a few people ...
by SGM
Sun Aug 27, 2017 11:37 am
Forum: Investing - Help with Personal Investments
Topic: Which Vanguard bond fund for taxable account?
Replies: 18
Views: 2559

Re: Which Vanguard bond fund for taxable account?

Jonathan Clements thinks that nearly all of us should not use muni bonds. I disagree with him and find that in retirement I have a lot of taxable income including pension, annuities, spousal SS, rents, capital gains, stock dividends and muni bond interest. Muni bonds decrease my taxable federal inco...
by SGM
Sat Aug 26, 2017 8:00 am
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion of Previous 401 K
Replies: 17
Views: 1061

Re: Roth Conversion of Previous 401 K

With two physicians in the family you may have higher income in retirement especially after your start RMDs at 70 1/2. I would consider converting all or most of the 401k now when your income is lower. I think you will have to roll it over into a traditional IRA first if that is allowed by your plan...
by SGM
Thu Aug 24, 2017 4:15 pm
Forum: Investing - Help with Personal Investments
Topic: Bad to keep taxable acct solely in VTSAX?
Replies: 20
Views: 3261

Re: Bad to keep taxable acct solely in VTSAX?

Rolling over your tIRAs to a 401k plan is a simple solution to allow for back door Roth conversions without any tax consequence to speak of. Consideration of Roth conversions while being in a high tax bracket is a more complicated question. I converted all my tax deferred accounts to Roth accounts ...
by SGM
Tue Aug 22, 2017 3:37 am
Forum: Investing - Help with Personal Investments
Topic: Bad to keep taxable acct solely in VTSAX?
Replies: 20
Views: 3261

Re: Bad to keep taxable acct solely in VTSAX?

Rolling over your tIRAs to a 401k plan is a simple solution to allow for back door Roth conversions without any tax consequence to speak of. Consideration of Roth conversions while being in a high tax bracket is a more complicated question. I converted all my tax deferred accounts to Roth accounts o...
by SGM
Mon Aug 21, 2017 4:28 am
Forum: Investing - Theory, News & General
Topic: Japanese Bubble Burst 1989
Replies: 78
Views: 7230

Re: Japanese Bubble Burst 1989

I have loaned my copy of The Devil Takes the Hindmost, a book on speculative bubbles, which elaborated on the role of astronomical Tokyo real estate in the Japanese bubble. Stock valuations were not based on profits but on the value of the real estate owned by companies.
by SGM
Sun Aug 20, 2017 5:13 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 2956
Views: 866307

Re: What Movie Have You Recently Watched?

Maudie and The Big Sick are both excellent.
by SGM
Sun Aug 20, 2017 8:08 am
Forum: Investing - Help with Personal Investments
Topic: Adjusting AA as retirement nears
Replies: 64
Views: 6697

Re: Adjusting AA as retirement nears

I use the convention stock/bonds when discussing AA. Stocks have been hyped over the years to be considered safe over the long run. This is only somewhat true. Stocks can be quite risky especially early in retirement. Important questions include how flexible you are regarding your expenses, and what...
by SGM
Fri Aug 18, 2017 3:48 am
Forum: Investing - Help with Personal Investments
Topic: Lost $7000 today in ONE DAY!
Replies: 183
Views: 15985

Re: Lost $7000 today in ONE DAY!

My advice to an investor far from retirement is to continue buying according to your AA on a regular basis. I rarely looked at my portfolio when the market was down. A young person should like lower valuations while accumulating for retirement. You get more shares with each purchase and with reinves...
by SGM
Tue Aug 15, 2017 3:33 am
Forum: Investing - Help with Personal Investments
Topic: Wife 1m to vanguard
Replies: 10
Views: 2372

Re: Wife 1m to vanguard

If your wife moves $1 million to Vanguard she would be a Flagship client and qualifies for a free plan from a Vanguard financial planner.
by SGM
Sun Aug 13, 2017 11:56 am
Forum: Personal Finance (Not Investing)
Topic: IRA withdrawal tax aConsider couple on Medicare and over 70.5 years of age. They must take RMDsnd Medicare implications
Replies: 13
Views: 1185

Re: IRA withdrawal tax aConsider couple on Medicare and over 70.5 years of age. They must take RMDsnd Medicare implicat

We did our conversions prior to age 70 1/2. I also did it while working part time or while retired. You cannot convert the RMDs, but you can convert additional withdrawals after age 70 1/2. We like how we lowered our taxable income by paying taxes out of a taxable account. I feel like a broken recor...
by SGM
Sat Aug 12, 2017 8:31 am
Forum: Investing - Theory, News & General
Topic: Redfin
Replies: 17
Views: 1920

Re: Redfin

I just completed a long distance sale of a relative's home with Redfin. We had a good experience with the Redfin agent. The house had multiple offers. It was nice having lower fees. We used the law firm that the Redfin agent had been using and the lawyers fee was discounted and predetermined. The la...
by SGM
Thu Aug 10, 2017 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: Investing Education and Mansplaining
Replies: 128
Views: 8326

Re: Investing Education and Mansplaining

I haven't had time to read all the posts. Dadsplaining is a problem I have tried to avoid with my own children. The solution may be to let Vanguard deal with it at 0.3% for the advice. When they learn enough maybe they can do the financial management on their own.
by SGM
Wed Aug 09, 2017 10:00 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 2956
Views: 866307

Re: What Movie Have You Recently Watched?

1935 version of Mutiny on the Bounty. 3 actors nominated for best actor... Charles Laughton, Franchot Tone, and Clark Gable. Having 3 nominations from one film for best actor was embarrassing to the academy. Franchot Tone is credited with the academy's decision to set up a best supporting actor cate...