Search found 2914 matches

by SGM
Sat May 25, 2019 3:13 am
Forum: Personal Finance (Not Investing)
Topic: Struggling over how to monetize my TIAA Traditional
Replies: 14
Views: 977

Re: Struggling over how to monetize my TIAA Traditional

I expect DW to live a long time. I took a joint life payout on my pension and as the higher earner delayed my SS until 70. She took a lifetime TIAA-CREF annuity. I insisted that it be for her own lifetime only as the payout was higher and I am planning based on the odds that she will live longer Exp...
by SGM
Thu May 23, 2019 10:19 am
Forum: Investing - Theory, News & General
Topic: just a general comment about "too conservative" investors here
Replies: 142
Views: 12563

Re: just a general comment about "too conservative" investors here

I have been investing since 1980. As I had a lot of human capital ahead of me I invested aggressively. Fortunately I always had job security and good health. Until I build up my assets I also had disability insurance. Closing in on retirement I started buying bond funds. Now we are close to my goal ...
by SGM
Wed May 22, 2019 2:37 am
Forum: Investing - Theory, News & General
Topic: Delaying social security = harming nest egg?
Replies: 71
Views: 5373

Re: Delaying social security = harming nest egg?

One of the advantages for a couple in delaying SS while doing Roth conversions is that unless both spouses die in the same year one will pay higher taxes as a single person for an unknown number of years. The buying power at the time of conversion when the taxes are paid out of a taxable account is ...
by SGM
Tue May 21, 2019 3:08 pm
Forum: Investing - Theory, News & General
Topic: Pre-RMD Retirement Sweet Spot - Accelerating IRA Withdrawals vs. Roth Conversion
Replies: 51
Views: 3952

Re: Pre-RMD Retirement Sweet Spot - Accelerating IRA Withdrawals vs. Roth Conversion

We delayed SS until 70 and made Roth conversions over a period of 5 years. These were two excellent decisions for us. All taxes were paid out of a taxable account. So far both taxable and Roth accounts have grown a lot since I started conversions.
by SGM
Fri May 17, 2019 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: How do I value wife's pension?
Replies: 23
Views: 1819

Re: How do I value wife's pension?

When I was deciding to take a pension or a lump sum I looked at the cost of an SPIA on immediateannuities.com. Once the decision was made to take the pension I haven't tried to figure out the current value of the pension. I only think of it as an income stream which means I have to take that much le...
by SGM
Thu May 16, 2019 4:52 pm
Forum: Investing - Theory, News & General
Topic: Pre-RMD Retirement Sweet Spot - Accelerating IRA Withdrawals vs. Roth Conversion
Replies: 51
Views: 3952

Re: Pre-RMD Retirement Sweet Spot - Accelerating IRA Withdrawals vs. Roth Conversion

We did not need the money from our tIRA prior to taking SS at 70. We had adequate amounts in our taxable account to pay the taxes and we converted over a 5 or 6 year period. The Roth has continued to grow tax free some of which started in 2010. The taxable account has grown too. We have several non-...
by SGM
Thu May 16, 2019 9:32 am
Forum: Investing - Theory, News & General
Topic: Did you buy the 600+ dip last week ?
Replies: 126
Views: 7500

Re: Did you buy the 600+ dip last week ?

Some friends expect a 50% drop. I have no idea what is going to happen. We do have some extra money coming in and are buying stock and bond funds regularly. Some of the stock purchases came on two down days which is good, but not going to make a big difference. We are retirees and spend less than wh...
by SGM
Thu May 16, 2019 7:34 am
Forum: Personal Investments
Topic: Income stream post retirement.
Replies: 35
Views: 3221

Re: Income stream post retirement.

We have multiple income streams including stock and bond fund dividends, delayed until 70 SS, a TIAA-CREF monthly annuity, small pension and rental income both monthly and yearly. I may add SPIAs when we are older with some cash/bond holdings we have. I have sold some stocks with capital gains, but ...
by SGM
Wed May 15, 2019 2:52 pm
Forum: Forum Issues and Administration
Topic: For how long will the forum be around?
Replies: 94
Views: 7092

Re: For how long will the forum be around?

...until the mountains tumble to the sea.....
by SGM
Wed May 15, 2019 8:07 am
Forum: Personal Finance (Not Investing)
Topic: Do you reward yourself for achieving a financial goal?
Replies: 107
Views: 6386

Re: Do you reward yourself for achieving a financial goal?

I realize as boomers we are targets of those who want to sell us expensive things and services that are supposed to make our lives better and happier. Any celebration we do is among ourselves or with close friends and family. Milestones are never mentioned other than to ourselves. Every day is full ...
by SGM
Tue May 14, 2019 7:37 am
Forum: Personal Investments
Topic: Does your retirement plan work if stocks are flat or in decline for decades?
Replies: 180
Views: 10314

Re: Does your retirement plan work if stocks are flat or in decline for decades?

Yes. We have multiple income streams. I find it hard to believe they would all dry up.
by SGM
Sun May 12, 2019 10:04 am
Forum: Personal Consumer Issues
Topic: Ever Had an Animal Stuck in Chimney? What Did You Do?
Replies: 32
Views: 2061

Re: Ever Had an Animal Stuck in Chimney? What Did You Do?

We had a bird nest in one chimney and a racoon in another. I recently found a 3 foot tall great horned owl standing on the fireplace mantle. I was covered from head to toe with thick clothes and hit it from across the room with a size 15 shoe. The bird fell to the floor and looked at me in shock its...
by SGM
Sun May 12, 2019 9:56 am
Forum: Investing - Theory, News & General
Topic: Charlie Munger_WSJ interview
Replies: 17
Views: 3711

Re: Charlie Munger_WSJ interview

I didn't know much detail about Charlie Munger prior to this interview. I enjoyed his discussion of how he prefers to learn (by reading) and his trial and error design of dormitories. He states there is way too much medical testing and back surgeries. He has seen it from the insurance side. It jives...
by SGM
Sat May 11, 2019 7:53 am
Forum: Personal Finance (Not Investing)
Topic: Continue working for benefit of adult children or retiring earlier?
Replies: 87
Views: 6122

Re: Continue working for benefit of adult children or retiring earlier?

The research I have seen shows that many retirees gift to their grown children. I continued to work after I was financially independent, but only while I enjoyed the work. I was able to cut back my hours quite a bit so free time wasn't an issue. My kids are financially well off so it is not a worry.
by SGM
Thu May 09, 2019 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Why is Social Security pushing retroactive benefits?
Replies: 32
Views: 3665

Re: Why is Social Security pushing retroactive benefits?

A friend of mine had to argue with a SS rep that advised her to take the retroactive 6 month benefit. My friend insisted that she get the age 70 benefit but not without a verbal argument. I believe that some SS reps don't understand the reasons why people would refuse the retroactive option. They ar...
by SGM
Thu May 09, 2019 7:48 am
Forum: Investing - Theory, News & General
Topic: Imperfect market timing still works -- if you stick with it
Replies: 149
Views: 10768

Re: Imperfect market timing still works -- if you stick with it

I have bought a few individual stocks that were very much out of favor, but were over sold. Most of my assets are in low cost index funds held for a long time. I still have individual stocks with large capital gains that prevent me from selling too much in any one year. It is not easy to make money ...
by SGM
Wed May 08, 2019 3:55 pm
Forum: Investing - Theory, News & General
Topic: Is volatility good or bad?
Replies: 27
Views: 1266

Re: Is volatility good or bad?

There are times when an individual stock is priced irrationally both on the up and down side. However, it is difficult to take advantage of irrational pricing. The problem seems to be that many people think it is easy. During accumulation I mostly dollar cost averaged. This was automatic with some c...
by SGM
Wed May 08, 2019 1:40 pm
Forum: Personal Investments
Topic: I tried to fire my financial advisor of 12 years today...
Replies: 127
Views: 13261

Re: I tried to fire my financial advisor of 12 years today...

I have never had a FA. However, I have had access to the results of close relatives who used an FA and those accounts don't do nearly as well as they could have with a self directed BH approach. It isn't rocket science.
by SGM
Sat May 04, 2019 9:28 am
Forum: Investing - Theory, News & General
Topic: Do you invest in Real Estate ? Why ?
Replies: 92
Views: 13002

Re: Do you invest in Real Estate ? Why ?

We have some farm property that we rent and income with essentially no effort on our part. Sale proceeds are somewhat capped because the farm is in a farm preserve area. Building would be restricted. We also bought some vacation property at opportune times, but I consider them to be an indulgence no...
by SGM
Sat May 04, 2019 8:58 am
Forum: Personal Investments
Topic: Say you have a pension & lot of cash. With those in mind, does it make sense to have a more aggressive allocation?
Replies: 62
Views: 4189

Re: Say you have a pension & lot of cash. With those in mind, does it make sense to have a more aggressive allocation?

I was 100% stock while in the accumulation mode. The key is to keep investing if the market crashes and to not panic sell. Any money you need in the shorter term is better invested in bonds, but I never felt the need for it until close to retirement. A few years prior to retirement I scaled back on ...
by SGM
Sat May 04, 2019 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Move to South Florida or Baltimore?
Replies: 29
Views: 2829

Re: Move to South Florida or Baltimore?

One of my children happily lives in Baltimore and loves it. One needs to know the neighborhood crime statistics. I am more concerned about the work location as the charity builds and repairs homes in not so safe neighborhoods. We go to Baltimore occasionally for some excellent meals and activities. ...
by SGM
Fri May 03, 2019 9:12 am
Forum: Investing - Theory, News & General
Topic: How to Think About Money--Should be required reading for Bogleheads
Replies: 14
Views: 3462

Re: How to Think About Money--Should be required reading for Bogleheads

I bought copies of this book for my children. I like to support BH authors, but I have been following this site and others for many years and have attended quite a few national BH and local meetings. I long ago noticed that the purchase of things quickly lose their luster after a while. I do enjoy p...
by SGM
Wed May 01, 2019 5:26 am
Forum: Personal Consumer Issues
Topic: EXTREMELY frugal things from our parents and grandparents
Replies: 110
Views: 9306

Re: EXTREMELY frugal things from our parents and grandparents

Hiring drunks to work the farm which was far from the nearest stores. They worked a few weeks until they had enough money to go on a binge. When they ran out of money they came back to the farm to earn enough for the next binge. The workers never saved a dime and had no vehicles of their own (thank ...
by SGM
Mon Apr 29, 2019 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: I'm not going to run out
Replies: 62
Views: 8515

Re: Retirees: I'm not going to run out

I had always planned on having walking away money. Two years before I started working part time I ran all the numbers. It looked good then and now 4 plus years after full retirement I am still confident. I took SS at 70, completed Roth conversions over a few years of part time work and full retireme...
by SGM
Fri Apr 26, 2019 2:10 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 902
Views: 86911

Re: U.S. stocks continue to soar!

I stay optimistic, but have no crystal ball. It is amusing to watch people jump in and out of the market because they are certain about which way it is going. I prefer to stick with the AA that is in my plan. We don't rebalance very often. We keep our investment expenses low and don't change based o...
by SGM
Wed Apr 24, 2019 12:57 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 902
Views: 86911

Re: "S&P 500 Index closes at record high"

I am surprised at how well the market has done since late December. Stay the course has been good advice for me. I was not tempted to sell in December or today. Happily I have kept more of my own money by paying low expense ratios and not panic selling at any point. Of course the market will fluctua...
by SGM
Fri Apr 19, 2019 3:49 pm
Forum: Personal Investments
Topic: Thinking about selling stocks near all time highs
Replies: 98
Views: 9289

Re: Thinking about selling stocks near all time highs

I might rebalance with sales in tax advantaged accounts. In my taxable accounts I have already sold all the stock that I plan on selling for 2019. We are already paying a lot in taxes without adding more by realizing large capital gains. I have happily not had much of an opportunity to tax loss harv...
by SGM
Wed Apr 17, 2019 3:52 am
Forum: Personal Investments
Topic: Buy a house or wait in bay area
Replies: 48
Views: 9729

Re: Buy a house or wait in bay area

I don't know anything about the current Bay area market but being priced out of the market is a consideration Do you work in the real estate industry? Sounds like something an aggressive agent would say. “Buy now or be priced out forever!” I think it’s irresponsible to make this tired comment in th...
by SGM
Wed Apr 17, 2019 2:38 am
Forum: Personal Finance (Not Investing)
Topic: "When Adding to Your Retirement Account is a Bad Idea"
Replies: 29
Views: 3869

Re: "When Adding to Your Retirement Account is a Bad Idea"

I always maximized my tax deferred accounts. When I cut back my working hours I began to do some Roth conversions yearly and eventually converted all tax deferred accounts to Roth accounts prior to taking delayed until 70 SS. I calculated that I would be paying a combined federal and state tax at 34...
by SGM
Sun Apr 14, 2019 3:53 pm
Forum: Personal Investments
Topic: If you have plenty of money, why not 100% stocks in retirement?
Replies: 107
Views: 7182

Re: If you have plenty of money, why not 100% stocks in retirement?

Despite having multiple income streams in retirement I am no longer 100% in stock. When I had human capital left I could always increase my savings by being a little more frugal or working more hours every week or spending a few more years in the work force. It would be unpleasant to see my portfoli...
by SGM
Sat Apr 13, 2019 3:54 pm
Forum: Investing - Theory, News & General
Topic: Socially Responsible [Investing]
Replies: 58
Views: 3699

Re: Socially Responsible [Investing]

I own the whole market. I have my own ideas about what is socially responsible and would not depend on others to make this judgement.
by SGM
Fri Apr 12, 2019 6:02 pm
Forum: Investing - Theory, News & General
Topic: 2019 BOGLEHEADS CONFERENCE REGISTRATION IS CLOSED. WAIT LIST IS AVAILABLE.
Replies: 96
Views: 9626

Re: 2019 BOGLEHEADS CONFERENCE REGISTRATION OPEN ANNOUNCEMENT

Clemson football coach Dabo Swinney quote reminds me of the inner glow of Jack Bogle... Let the light that shines in you be brighter than the light that shines on you. That's right on target! I am registered and hope to see you this year, Sam. Cheers, Billy Glad you registered. I will see you there...
by SGM
Thu Apr 11, 2019 5:06 pm
Forum: Investing - Theory, News & General
Topic: 2019 BOGLEHEADS CONFERENCE REGISTRATION IS CLOSED. WAIT LIST IS AVAILABLE.
Replies: 96
Views: 9626

Re: 2019 BOGLEHEADS CONFERENCE REGISTRATION OPEN ANNOUNCEMENT

Clemson football coach Dabo Swinney quote reminds me of the inner glow of Jack Bogle... Let the light that shines in you be brighter than the light that shines on you.
by SGM
Wed Apr 10, 2019 12:42 pm
Forum: Investing - Theory, News & General
Topic: Retirees: Are you annually spending in Real or Nominal Terms?
Replies: 63
Views: 3899

Re: Retirees: Are you annually spending in Real or Nominal Terms?

We don't have a formal budget. We spend what we need. In a little over 4 years of retirement our portfolio has gone up considerably. We have some income streams outside of the portfolio that have gone up faster than the inflation rate.
by SGM
Sun Apr 07, 2019 6:26 pm
Forum: Investing - Theory, News & General
Topic: The "dividend preference anomaly"
Replies: 183
Views: 8526

Re: The "dividend preference anomaly"

... I am one who does not believe the market is perfectly efficient . Investors are not completely rational. However, it is very hard to take advantage of the less than perfect market efficiency. I prefer to capture market returns. Hi SGM. Can you explain what you mean by the term perfectly efficie...
by SGM
Sun Apr 07, 2019 11:54 am
Forum: Investing - Theory, News & General
Topic: The "dividend preference anomaly"
Replies: 183
Views: 8526

Re: The "dividend preference anomaly"

I have been retired a little over 4 years. Now that my major purchases and Roth conversions are completed I don't need to sell any funds or long held individual stocks with high capital gains. In my taxable account which is the only one I currently spend from. I do not reinvest dividends. I spend th...
by SGM
Sat Apr 06, 2019 2:03 am
Forum: Personal Investments
Topic: Minimizing tax drag
Replies: 7
Views: 708

Re: Minimizing tax drag

I always maximized my tax deferred accounts before I was eligible to convert to Roth accounts after 2010. I have had I-bonds which were not taxed until I sold them. At one point I bought a 7 year savings annuity which acted as a tax deferred CD with the option to annuitize at any point. The savings ...
by SGM
Fri Apr 05, 2019 3:47 pm
Forum: Investing - Theory, News & General
Topic: Are annuities the best way to fund one's retirement?
Replies: 190
Views: 10291

Re: Are annuities the best way to fund one's retirement?

I have looked at other studies by Joe Tomlinson whose 2012 study on the safety of annuities was referenced in the above study. I trust Joe's work implicitly and am convinced that a small amount of annuitization will increase both the longevity of my portfolio and the amount of my legacy for my heir...
by SGM
Tue Apr 02, 2019 1:10 pm
Forum: Investing - Theory, News & General
Topic: Are annuities the best way to fund one's retirement?
Replies: 190
Views: 10291

Re: Are annuities the best way to fund one's retirement?

I have looked at other studies by Joe Tomlinson whose 2012 study on the safety of annuities was referenced in the above study. I trust Joe's work implicitly and am convinced that a small amount of annuitization will increase both the longevity of my portfolio and the amount of my legacy for my heirs...
by SGM
Mon Apr 01, 2019 2:34 am
Forum: Personal Finance (Not Investing)
Topic: When to take social security for maximum inheritance?
Replies: 31
Views: 2806

Re: When to take social security for maximum inheritance?

We delayed my SS until 70. There is a good chance one of us will live to be over 90. While I delayed SS we converted all our tax deferred funds to Roth accounts. The main reason I delayed my SS until 70 was for longevity insurance. However, when making break even comparisons I compared my delay to i...
by SGM
Sun Mar 31, 2019 8:50 am
Forum: Investing - Theory, News & General
Topic: Are you a Boglehead or an IPO Thrill Seeker?
Replies: 1
Views: 313

Are you a Boglehead or an IPO Thrill Seeker?

Thomas Heath, a self proclaimed Boglehead, has an article in today's Washington Post Business section about the hazards of IPO investing. There is quick money to be made if you have the connections to buy the stock prior to the IPO offering. Those who do sell the stock on the day of the IPO. Stick t...
by SGM
Fri Mar 29, 2019 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: How often do you check your net worth?
Replies: 257
Views: 14568

Re: How often do you check your net worth?

I don't check net worth as it would be difficult to determine the value of real estate holdings and I see no purpose in it. I have a general idea of what the real estate is worth but have no plans on selling it soon. When I am ready to sell any real estate I will have a better idea of what it is wor...
by SGM
Thu Mar 28, 2019 1:49 am
Forum: Forum Issues and Administration
Topic: Auto-Lock threads older than 6 months!
Replies: 50
Views: 6744

Re: Auto-Lock threads older than 6 months!

It is unusual to not notice the date of the original post. The date of the original post is staring right at me when I enter this site. The age of a thread is insufficient reason to lock it.

.
by SGM
Wed Mar 27, 2019 11:59 am
Forum: Personal Investments
Topic: Advice needed for offloading some old stocks
Replies: 11
Views: 606

Re: Advice needed for offloading some old stocks

I have individual stocks from up to 40 years ago. I sell what I can without paying too unreasonable amount in capital gains. What this means is that if I had 4000 shares I might sell 500 shares a year. I don't try to figure out what stocks are going to go up or down as I cannot predict it. If I had ...
by SGM
Wed Mar 27, 2019 8:11 am
Forum: Investing - Theory, News & General
Topic: Free dinner from an attorney
Replies: 32
Views: 3249

Re: Free dinner from an attorney

We are friends with some FPs at a local bank. They don't manage any of our money. They recently learned about low cost investing at Vanguard. I also mentioned Bogleheads to a clerk and one of the managers stuck his head out of his office and gave us a thumbs up. We had Thanksgiving dinner with anoth...
by SGM
Tue Mar 26, 2019 2:35 am
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 827
Views: 81879

Re: What frugal thing did you do today?

I ate a very good and large gyro on pita bread that goes for $5 on a Monday. It lists for $12 on the menu. A goombahdie chief bought gyros for our whole crew. A goombah always leaves a good tip for hard working people.
by SGM
Mon Mar 25, 2019 4:34 am
Forum: Personal Finance (Not Investing)
Topic: Do you treat inheritance as a singular or shared asset?
Replies: 113
Views: 5450

Re: Do you treat inheritance as a singular or shared asset?

In a joint account if one passes then there is an increased basis on half the value of the account. In a singular account the new basis is on the full value of the account. Considerations of what would happen to heirs if one parent dies and the other remarries is important.
by SGM
Sun Mar 24, 2019 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Would you trade experiences in your youth for early retirement
Replies: 91
Views: 7537

Re: Would you trade experiences in your youth for early retirement

I didn't save much while I was in my 20s and enjoyed life. Expensive cars were not an interest of mine. When I started working at a higher paying job I was able to save and company paid travel satisfied my desire to see the world. I increased my experiences by changing careers from teaching, to engi...
by SGM
Sat Mar 23, 2019 10:46 am
Forum: Investing - Theory, News & General
Topic: Retired Investors - Do You Keep Cash For Down Years
Replies: 107
Views: 8304

Re: Retired Investors - Do You Keep Cash For Down Years

No we have enough other income streams so that it is unnecessary. I have some CDs for an SPIA purchase. in less than a year.
by SGM
Thu Mar 21, 2019 8:19 pm
Forum: Investing - Theory, News & General
Topic: The $4,026,858.95 Car or a Worry-Free Retirement?
Replies: 245
Views: 11730

Re: The $4,026,858.95 Car or a Worry-Free Retirement?

Experiences, family and friends over things. My SUV gets me over the countryside and I fit in it more comfortably than a lot of expensive vehicles. Madison Avenue advertisers have never held sway over me. I find some inexpensive French wines to be good. I have been disappointed with more expensive w...