Search found 2789 matches

by SGM
Sat Jan 19, 2019 3:31 pm
Forum: Local Chapters and Bogleheads Community
Topic: Master thread for Washington DC Area Bogleheads
Replies: 153
Views: 46446

Re: Master thread for Washington DC Area Bogleheads

I will try to make the meeting as the weather up north has interfered with prior plans.
by SGM
Sat Jan 19, 2019 3:29 pm
Forum: Investing - Theory, News & General
Topic: Risk Definition By Warren Buffet
Replies: 17
Views: 844

Re: Risk Definition By Warren Buffet

I recall having heard similar comments from Merton's luncheon speech at a SS research symposium a few years back. Merton discussed the risk of long term bonds not keeping up with inflation. No mention of TIPS were made at the time. It makes sense to me that stocks have the potential of beating infla...
by SGM
Fri Jan 18, 2019 9:45 am
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 839
Views: 42594

Re: John Bogle has died at age 89

This is a testimonial from Joshua Brown a reformed broker discussing how he didn't have any proper mentoring until he shed his brokerage license. https://thereformedbroker.com/2019/01/17/stay-the-course/ I was fortunate enough to meet him at some of the national Boglehead conferences and introduce s...
by SGM
Wed Jan 16, 2019 8:37 pm
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 839
Views: 42594

Re: John Bogle is dead at 89

Jack Bogle was an exemplary person. The best way to honor him is to carry on his investment philosophy. It is very sad. Condolences to his family.
by SGM
Wed Jan 16, 2019 8:24 am
Forum: Investing - Theory, News & General
Topic: An Annuity Hater Revisits SPIAs
Replies: 22
Views: 2852

Re: An Annuity Hater Revisits SPIAs

We have 4 annuities so far. Delayed until 70 SS, a spousal benefit a TIAA-CREF annuity and one pension not adjusted for inflation. Some of the studies I have seen show that an inflation adjusted SPIA is hard to justify due to the lower amount initially for the same cost of an unadjusted SPIA. We wil...
by SGM
Tue Jan 15, 2019 5:55 pm
Forum: Investing - Help with Personal Investments
Topic: IRMAA/Beginning SS
Replies: 18
Views: 1303

Re: IRMAA/Beginning SS

IRMMAA costs can be quite high in total. The largest change for part D and B when going up one level is $100 per month. For two people that is less than $5000 per year increase when going up one level for 2019.
by SGM
Tue Jan 15, 2019 4:13 am
Forum: Personal Consumer Issues
Topic: Funniest movies of all time? Name five of your favorites...
Replies: 220
Views: 31249

Re: Funniest movies of all time? Name five of your favorites...

The Fatal Glass of Beer
The Dentist
Animal House
My Cousin Vinnie
Young Frankenstein
by SGM
Mon Jan 14, 2019 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: Roth conversion
Replies: 36
Views: 2920

Re: Roth conversion

We converted from age 62 to 67 while working part time and later completely retired. I delayed my SS until 70. DW took her spousal benefit when I was 67 but very late in the year. We chose to convert all of our 401ks and traditional IRAs. I considered keeping some tIRAs for charitable donations, but...
by SGM
Sat Jan 12, 2019 8:34 pm
Forum: Investing - Theory, News & General
Topic: Did you ever "win" big?
Replies: 133
Views: 9579

Re: Did you ever "win" big?

I don't think the market is price efficient. It is possible to beat the market but very difficult to do it consistently. I have had a couple of very big winners and I think they outweigh the losers. Certainly there was an element of luck. Most of my portfolio is in index funds. One of the problems w...
by SGM
Sat Jan 12, 2019 8:20 pm
Forum: Investing - Theory, News & General
Topic: Around 43K in dividends last year - feel good about it ?
Replies: 160
Views: 13302

Re: Around 43K in dividends last year - feel good about it ?

Dividends can't be avoided, but they are not as tax efficient in a taxable account. I am a total return investor, but I mostly spend dividends. It is convenient and doesn't require any decisions about selling funds. Rationally dividends are not as good as having capital gains, but they do add to tot...
by SGM
Wed Jan 09, 2019 5:58 pm
Forum: Investing - Theory, News & General
Topic: BHers, what is your Roth IRA %?
Replies: 113
Views: 5255

Re: BHers, what is your Roth IRA %?

I began converting when the income limits changed in 2010. After 6 years I was all Roth no tax deferred. Taxes paid out of a taxable account. Will reap the real benefits of the conversion when I turn 70 1/2.
by SGM
Wed Jan 09, 2019 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Do you take inheritance into account when calculating net worth?
Replies: 68
Views: 4504

Re: Do you take inheritance into account when calculating net worth?

You can't count on receiving an inheritance. When I was learning to drive I was promised a car from a relative. He remarried and died early. His new wife kept the car.
by SGM
Sat Jan 05, 2019 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Social Security question hindsight
Replies: 65
Views: 4912

Re: Social Security question hindsight

I delayed SS until 70. DW took a spousal benefit at her FRA and will take her own SS benefit at age 70. The decision was not based on a break even analysis, but as a form of longevity insurance. We also took the time between retirement and taking SS to do Roth conversions. I didn't need the SS payme...
by SGM
Fri Jan 04, 2019 9:35 am
Forum: Personal Consumer Issues
Topic: Retirees: any major goals for 2019?
Replies: 72
Views: 4447

Re: Retirees: any major goals for 2019?

I started painting two years before I completely retired. I let it slide while taking care of an elderly parent and plan on restarting this hobby. I have attended some classes and have met a lot of new friends in a local art assn and in classes. I continue to simplify my portfolio and make more tran...
by SGM
Wed Jan 02, 2019 4:03 pm
Forum: Investing - Theory, News & General
Topic: Any reason for optimism?
Replies: 81
Views: 3060

Re: Any reason for optimism?

There is a tremendous amount of noise in the financial and news media. It seems like these media companies are primarily interested in ratings. I pay little attention to prognosticators. I am optimistic about our system of government and capitalism. I am thankful every day that my grandmother starte...
by SGM
Tue Jan 01, 2019 6:33 pm
Forum: Investing - Help with Personal Investments
Topic: Easier to Roth-convert tIRA or recharacterize Roth to tIRA?
Replies: 9
Views: 392

Re: Easier to Roth-convert tIRA or recharacterize Roth to tIRA?

It is my understanding you can no longer recharacterize a Roth conversion per the IRS: Can I recharacterize a rollover or conversion to a Roth IRA? Effective January 1, 2018, pursuant to the Tax Cuts and Jobs Act (Pub. L. No. 115-97), a conversion from a traditional IRA, SEP or SIMPLE to a Roth IRA ...
by SGM
Sun Dec 30, 2018 4:49 am
Forum: Investing - Help with Personal Investments
Topic: What do you do with dividends?
Replies: 51
Views: 4434

Re: What do you do with dividends?

Before retirement I reinvested dividends and allowed my investments to compound over time. As a retiree I use taxable dividends to pay expenses. If there are any dividends left over after expenses they are reallocated. In my Roth account I keep dividends in a settlement account and reallocate them a...
by SGM
Sat Dec 29, 2018 11:48 am
Forum: Investing - Theory, News & General
Topic: [Vanguard Founder Jack Bogle Says It’s Time to Play It Safe]
Replies: 153
Views: 13577

Re: [Vanguard Founder Jack Bogle Says It’s Time to Play It Safe]

Some friends pinted out Jack's interview this morning. One friend stated that it justified his position of 92% cash, 8% shorts. The friend may be perfectly correct in his guess, but he wasn't following Jack's advice. Jack has always warned that stocks are not safe in the short run. I am 60/40 and in...
by SGM
Sat Dec 29, 2018 5:39 am
Forum: Investing - Theory, News & General
Topic: Annuities objectively considered
Replies: 111
Views: 7288

Re: Annuities objectively considered

Mel has written several articles recommending SPIAs. This forum has generally been positive towards SPIAs. Our plan is to purchase several SPIAs over a ten year period from age 70 to 80. Ten years ago I considered purchasing a variable annuity through Vanguard, but felt it had increased costs and no...
by SGM
Fri Dec 28, 2018 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Affordability of SS Delay
Replies: 19
Views: 1609

Re: Affordability of SS Delay

We fit into the "can afford to delay", but we used the " can't afford not to delay" arguments to make our decision. Lower taxes due to no future RMDs, a significant income that does not depend on the presence of a portfolio and the recognition that others have lost large portfolios due to fraud were...
by SGM
Thu Dec 27, 2018 9:35 am
Forum: Investing - Theory, News & General
Topic: What have you learned this year
Replies: 90
Views: 6874

Re: What have your learned this year

DWesterb2iz2 wrote:
Thu Dec 27, 2018 7:59 am
SGM wrote:
Wed Dec 26, 2018 3:00 pm
My 95 year old uncle plays harmonica well enough to be a guest artist on a newly released CD.
Link please! This is awesome.
This is a foreign language CD mixed and digitally mastered in the USA. Unfortunately I don't have a link. The band is Radost (Joy).
by SGM
Thu Dec 27, 2018 9:26 am
Forum: Investing - Theory, News & General
Topic: Why stay the course? Why not sell all?
Replies: 68
Views: 6812

Re: Why stay the course? Why not sell all?

For those early in the accumulating stage this is all noise. A good friend who just sold all of his positions and shorted the S&P500 based on charting. No one can predict what is going to happen in the short term. Most likely stocks will rise long term but this time may be different. It certainly wa...
by SGM
Wed Dec 26, 2018 4:38 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 553
Views: 60561

Re: U.S. stocks continue to soar!

I may have found a new negative bellwether. My buddy sold everything on 12/20 and shorted the S&P 500. His charts tell him what to do. I haven't had a good negative bellwether since 1986 and that only lasted 6 months. My bellwether then recommended selling utilities with any nuclear exposure after 3...
by SGM
Wed Dec 26, 2018 3:00 pm
Forum: Investing - Theory, News & General
Topic: What have you learned this year
Replies: 90
Views: 6874

Re: What have your learned this year

My 95 year old uncle plays harmonica well enough to be a guest artist on a newly released CD.
by SGM
Wed Dec 26, 2018 3:55 am
Forum: Investing - Theory, News & General
Topic: The effects of forum participation on plan execution
Replies: 18
Views: 1711

Re: The effects of forum participation on plan execution

Mike Piper has written that one can spend too much time reading financial advice. My brother is a BH but he avoids the forum as a distraction. He has a group of books by BH authors and doesn't stray far from a simple portfolio. My goals have changed as I have passed from the accumulation stage to re...
by SGM
Tue Dec 25, 2018 4:42 pm
Forum: Investing - Help with Personal Investments
Topic: Layered Annuities SPIA
Replies: 9
Views: 929

Re: Layered Annuities SPIA

I have used the term ladder of annuities and believe I have read the term in the literature. I don't have the time to look this up presently. Although I have yet to buy my first SPIA I have seen the suggestion of making an estimate of your life expectancy and then buying 3 SPIAs over a period of hal...
by SGM
Sun Dec 23, 2018 6:13 am
Forum: Local Chapters and Bogleheads Community
Topic: My Christmas Present To You
Replies: 108
Views: 11176

Re: My Christmas Present To You

Thank you Taylor. What a wonderful reunion you will have. We owe so much to those who sacrificed so that we could maintain our freedoms. Merry Christmas and a happy and healthy New Year.
by SGM
Sat Dec 22, 2018 7:17 pm
Forum: Investing - Theory, News & General
Topic: "Stay the course" is rational -- but is it reasonable?
Replies: 43
Views: 5434

Re: "Stay the course" is rational -- but is it reasonable?

One of the reasons economists get things wrong is that they suppose people will always act rationally as in their best financial interest. I am not giving an exact definition, but it has been discussed ad infinitum on other threads. Meanwhile there are other actions a reasonable person can take for ...
by SGM
Sat Dec 22, 2018 11:40 am
Forum: Investing - Theory, News & General
Topic: All the "should I be 100% stocks" threads over the last year.
Replies: 175
Views: 11864

Re: All the "should I be 100% stocks" threads over the last year.

I was 100% stock for many years. A few years before I retired I started buying small amounts of bond funds and a long term tax deferred CD like instrument. I welcomed bear markets as I continued to purchase a large amount of stock every month. Having job security, a good income and disability insura...
by SGM
Sat Dec 22, 2018 5:17 am
Forum: Investing - Theory, News & General
Topic: Risk differential between VMSXX (Muni MMF) vs. VMMXX (Prime MMF)?
Replies: 3
Views: 460

Re: Risk differential between VMSXX (Muni MMF) vs. VMMXX (Prime MMF)?

You can go to Morningstar and compare the alpha and beta of both of these funds as well as the Sharpe Ratio and Sortino Ratio. The top holdings of the Prime MMF are treasury bills. If I were worried about the safety of the two I would pick Prime MMF. Personally given my tax situation I prefer muni b...
by SGM
Sat Dec 22, 2018 1:45 am
Forum: Investing - Theory, News & General
Topic: I can't believe I am thinking this [Panic and Survival 2008-09]
Replies: 290
Views: 138603

Re: I can't believe I am thinking this [Panic and Survival 2008-09]

One cash equivalent account is a tax deferred CD bought in 2010 which allows continued investments at current rates. My experience with a USAA 7 year savings annuity has been good. I have been getting from 4 to 3.2% tax deferred buildup of the account over an 8 year period. Now that interest rates a...
by SGM
Fri Dec 21, 2018 2:42 am
Forum: Investing - Help with Personal Investments
Topic: Is anyone's portfolio not tanking???
Replies: 129
Views: 13132

Re: Is anyone's portfolio not tanking???

Retired for a little over 4 years and my portfolio is still way up since I left work. This year is nothing like 2008. We are down about 5% from January 1st. The number includes all inputs and outputs so it is not a return on investment. Suffice to say we are spent a lot of money in 2018. We did a ho...
by SGM
Thu Dec 20, 2018 9:00 pm
Forum: Investing - Theory, News & General
Topic: Who's buying today? where's all the "dry powder" folks at? :)
Replies: 248
Views: 20987

Re: Whose buying today? where's all the "dry powder" folks at? :)

I am neither buying or selling. We have a lot in the stock market already and don't need to put more at risk. We have a good amount in bond funds and CDs these days. I think we can get away with living off of bond funds, CDs, and other income streams for a long time. I will be examining my AA after ...
by SGM
Wed Dec 19, 2018 5:55 pm
Forum: Investing - Theory, News & General
Topic: Why did you decide to change your asset allocation?
Replies: 45
Views: 1981

Re: Why did you decide to change your asset allocation?

I was 100% in stock until a few years prior to retirement. Currently I am about 65/35, but that may have changed somewhat as unspent dividends and income is going into bond funds. I am pretty comfortable with a larger range in AA as long as I have other income streams. I will look at my AA in early ...
by SGM
Wed Dec 19, 2018 5:20 am
Forum: Investing - Theory, News & General
Topic: "Madness of Crowds" vs "Wisdom of Crowds"
Replies: 32
Views: 1836

Re: "Madness of Crowds" vs "Wisdom of Crowds"

I don't much care about consensus opinions. There are bubbles and there are bear markets. I stayed invested throughout and followed a plan. There are no hard and fast rules about how to interpret the feelings of crowds. It seems that in aggregate humans tend to overreact. The financial media doesn't...
by SGM
Mon Dec 17, 2018 6:11 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 4050
Views: 1102019

Re: What Movie Have You Recently Watched?

88 year old Clint Eastwood in The Mule. It was enjoyable on a rainy afternoon.
by SGM
Mon Dec 17, 2018 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Law school without practicing law
Replies: 79
Views: 5826

Re: Law school without practicing law

I knew a very successful business man who graduated high school in 1918. In those days you could go to law school without a college degree. His father said don't go to law school it will make you too conservative, and he said don't get too big. By the latter I think he meant don't become a target. I
by SGM
Sat Dec 15, 2018 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Is E-Trade the lowest cost solo 401k for me?
Replies: 5
Views: 233

Re: Is E-Trade the lowest cost solo 401k for me?

ETrade was one of the two solo 401k plans I used. There were no additional costs. At the time Vanguard was just getting started with solo 401k plans and I had to rule them out. I believe they have ironed out those early issues. ETrade now has a lot of ETFs you can purchase without any trading cost. ...
by SGM
Sat Dec 15, 2018 4:43 am
Forum: Investing - Theory, News & General
Topic: Allan Roth: 3 Correlation Myths In Portfolio Construction
Replies: 104
Views: 7128

Re: Allan Roth: 3 Correlation Myths In Portfolio Construction

So what is the secret sauce? I thought a second grader could beat the market. :oops: Well, by buying and holding low cost index funds, a second grader can outperform the majority of the market's investors. No kidding. I was referring to his book in which his second grade son outperforms Wall Street...
by SGM
Fri Dec 14, 2018 3:48 am
Forum: Investing - Theory, News & General
Topic: Allan Roth: 3 Correlation Myths In Portfolio Construction
Replies: 104
Views: 7128

Re: Allan Roth: 3 Correlation Myths In Portfolio Construction

So what is the secret sauce? I thought a second grader could beat the market. :oops:
by SGM
Thu Dec 13, 2018 4:41 pm
Forum: Personal Consumer Issues
Topic: Old Windows 8 PC and Windows Defender
Replies: 16
Views: 907

Re: Old Windows 8 PC and Windows Defender

Thanks for the comments. I was unable to install tax software on the new machine. When I asked for help from the vendor they wanted too much personal information. I ended up installing the tax software on the older machine from a disk. I will have to take my chances when updates occur in January. I ...
by SGM
Thu Dec 13, 2018 11:25 am
Forum: Personal Consumer Issues
Topic: Old Windows 8 PC and Windows Defender
Replies: 16
Views: 907

Old Windows 8 PC and Windows Defender

I have several newer PCs, but have a Gateway PC purchased in 2010 or so with Windows 8 installed. I have sensitive data on that computer so I won't get rid of it. Can an old computer be updated so that I can use a newer verision of Windows Defender? It appears that the computer is trying to update a...
by SGM
Tue Dec 11, 2018 5:41 pm
Forum: Investing - Help with Personal Investments
Topic: options to cover next 10 years before SS
Replies: 49
Views: 3982

Re: options to cover next 10 years before SS

We used a savings annuity via USAA which was not annuitized but paid 4% initially with a few bonuses put in early on. We used it as a tax deferred CD. After the first year we could take out 10% per year without penalty. After 7 years we could take any amount without penalty. Current interest has dro...
by SGM
Sat Dec 08, 2018 9:50 am
Forum: Local Chapters and Bogleheads Community
Topic: December 9 DC Bogleheads Meeting with Stephen Goss, Chief Actuary of Soc Security
Replies: 28
Views: 3507

Re: December 9 DC Bogleheads Meeting with Stephen Goss, Chief Actuary of Soc Security

This looks like another great meeting you arranged Bob. Unfortunately, we have tickets for a concert and another holiday party to attend. I am looking forward to seeing the slides.
by SGM
Sat Dec 08, 2018 9:45 am
Forum: Investing - Theory, News & General
Topic: Do long-term bonds belong in one's portfolio?
Replies: 235
Views: 13167

Re: Do long-term bonds belong in one's portfolio?

I have a little in long term muni bond funds. The dividends go into my checking account. I would only sell if I could use some tax loss harvesting.
by SGM
Fri Dec 07, 2018 5:29 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3526
Views: 1034285

Re: What Book Are You Currently Reading? Part VI

Hampton Sides On Desperate Ground . This is an excellent non-fiction story about the greatest battle of the Korean War. I never realized what General MacArthur was really like. Sides brings this story to life and has done a great deal of research. It is a riveting read. The U.S. Marines first divisi...
by SGM
Fri Dec 07, 2018 4:22 am
Forum: Investing - Theory, News & General
Topic: Why Retirement Is Broken And Needs To Be Reinvented
Replies: 174
Views: 12428

Re: Why Retirement Is Broken And Needs To Be Reinvented

Financial education is important, but alone is not the answer to lack of preparation for retirement. The quality of financial education is not what it could be. The number of highly educated people who depend on "my guy" to manage their portfolios is astounding. If you consider personal finances to ...
by SGM
Thu Dec 06, 2018 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Advice on Divorce Settlement Options
Replies: 51
Views: 6180

Re: Advice on Divorce Settlement Options

Billy, I am sorry for your breakup. #cruncher helped Ed concerning the math associated with a reverse mortgage when he was in Manhattan. David Grabiner knows a lot about Maryland taxes. How about giving your wife a life estate in your house or another house and putting the deed in your child's name....
by SGM
Wed Dec 05, 2018 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: IRMAA Avoidance Strategies
Replies: 20
Views: 1754

Re: IRMAA Avoidance Strategies

My Roth conversions have lowered my MAGI. Also gifts and charitable donations have lowered my MAGI. I will probably have a larger amount in muni bond funds so that I won't be likely to sell from my stock portfolio to fund expenses and therefore decrease capital gains until some much later date. I ca...