Search found 2956 matches

by SGM
Thu Jul 18, 2019 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Father Passed Away: Now responsible for mother's finances
Replies: 5
Views: 766

Re: Father Passed Away: Now responsible for mother's finances

We used Vanguard and a local credit union to handle my parent's finances when he went into an assisted living facility for his own safety. I managed his investments and expenses. There was an old credit union account out of state that was handled by my sibling. I transferred money monthly from Vangu...
by SGM
Sat Jul 13, 2019 3:31 pm
Forum: Investing - Theory, News & General
Topic: Tax cost stopping move to indexing
Replies: 68
Views: 3086

Re: Tax cost stopping move to indexing

I have been paying long term capital gains almost every year for quite a while as I have tried to simplify and use more low cost index funds. I haven't had any losers in a long time so I grin and bear the cost of LT capital gains. We did move some individual stock into a donor advised fund to avoid ...
by SGM
Thu Jul 11, 2019 3:53 am
Forum: Investing - Theory, News & General
Topic: No advantage to doing Roth conversions?
Replies: 21
Views: 2719

Re: No advantage to doing Roth conversions?

The advantages for us include no RMDs after age 70, avoiding a higher tax bracket and the next higher Medicare premium. We converted after cutting working hours way back and after complete retirement. We did a series of conversions over about 6 years before taking delayed SS and a work related annui...
by SGM
Tue Jul 09, 2019 4:26 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Variable Annuity - Transitioning to Access Only Through Transamerica
Replies: 81
Views: 7001

Re: Vanguard Variable Annuity - Transitioning to Access Only Through Transamerica

Darn I was considering the first of a ladder of SPIAs through Vanguard starting in 2020. It looks like that option is off the table. The advisors at Vanguard have long discouraged me from using a variable annuity as it would add fees. I am happy with a savings annuity at USAA (not annuitized) . A CR...
by SGM
Mon Jul 08, 2019 12:12 am
Forum: Personal Investments
Topic: Anyone itching to dabble in crypto?
Replies: 46
Views: 2785

Re: Anyone itching to dabble in crypto?

No, not even tempted. I have heard from early dabblers in crypto, but they seem to have disappeared from my local haunts. I don't miss the early rants about how much they were making.
by SGM
Sun Jul 07, 2019 7:23 pm
Forum: Investing - Theory, News & General
Topic: The Three Million Dollar Car
Replies: 25
Views: 2634

Re: The Three Million Dollar Car

I think this Taylor is giving some useful information. Do the math whenever you make a large purchase. Don't be a slave to marketers. Check into the cost of ownership through Edmond's for different vehicles. Some of the responses are a little off base and disrespectful.
by SGM
Sat Jul 06, 2019 2:41 pm
Forum: Personal Investments
Topic: Invest $2-3M now and how? Index vs self made stock portfolio? How's my Portfolio?
Replies: 111
Views: 5840

Re: Invest $2-3M now and how? Index vs self made stock portfolio? How's my Portfolio?

Your idea to avoid the laggards in an index sounds like a great talking point for a financial advisor who wants to put his clients in more expensive active funds. Most active funds don't do as well as low cost index funds after fees and taxes. Good luck to you.
by SGM
Fri Jul 05, 2019 3:11 am
Forum: Personal Finance (Not Investing)
Topic: Tax basis for consigned violin
Replies: 9
Views: 1134

Re: Tax basis for consigned violin

We consign up to 20 items a week to a favorite charity. They keep 40% of the sale price. We don't want the hassle packing, shipping or having strangers meet us for a sale or going on eBay or another web site.
by SGM
Thu Jul 04, 2019 7:30 am
Forum: Investing - Theory, News & General
Topic: Retired: Do you withdraw from investments or cash ?
Replies: 68
Views: 7694

Re: Retired: Do you withdraw from investments or cash ?

We withdraw dividends from taxable accounts for expenses beyond our outside income streams. If the cash builds up we reinvest it. There is money coming in every month so we see little need for a large cash holding. Occasionally we will sell some individual stock held for a very long time or look for...
by SGM
Wed Jul 03, 2019 7:54 am
Forum: Personal Consumer Issues
Topic: how do couples work together on home finance
Replies: 60
Views: 4492

Re: how do couples work together on home finance

We have similar attitudes towards money. I handle investments and discuss them briefly with her whenever I have to make a buy or sale. We have never had a formal budget. She handles most of the day to day purchases. We discuss any large purchases. Whenever the market has a good day I tell her we are...
by SGM
Wed Jul 03, 2019 1:41 am
Forum: Personal Investments
Topic: Question for the 5%...Anyone buying any individual stocks?
Replies: 51
Views: 4277

Re: Question for the 5%...Anyone buying any individual stocks?

I am not buying individual stocks currently although I still hold some because of large capital gains and I am already paying a lot in taxes. If I saw a market segment that was beaten down I might be tempted to purchase some individual stocks. I have no idea what will be hot stocks in the future. I ...
by SGM
Tue Jul 02, 2019 4:31 am
Forum: Investing - Theory, News & General
Topic: Allan Roth: Probabilities, Truth, and Consequences
Replies: 40
Views: 3794

Re: Allan Roth: Probabilities, Truth, and Consequences

Daniel Kahneman's book Thinking Fast and Slow is an original source for the examples of cognitive illusions and errors in the Allan Roth article. It is a good read, but I had to toss it and a thousand other books as we inherited another 1000 books. I don't consider a 90% loss in my planning.
by SGM
Mon Jul 01, 2019 7:43 am
Forum: Investing - Theory, News & General
Topic: So the year is officially half over
Replies: 32
Views: 3291

Re: So the year is officially half over

We have been slowly increasing our allocation to bonds in retirement, mostly with any dividends and any extra cash left over after expenditures and do not expect to change that strategy this year.
by SGM
Mon Jul 01, 2019 2:31 am
Forum: Personal Finance (Not Investing)
Topic: Do you share your net worth with family members?
Replies: 252
Views: 20005

Re: Do you share your net worth with family members?

We only share information concerning our portfolio with our grown children who may have to help us when we are very old. I have been working on educating them about finances for quite a while. I see no reason to share that information with our siblings. We don't calculate the value of any real estat...
by SGM
Wed Jun 26, 2019 1:50 am
Forum: Personal Investments
Topic: What percentage of total portfolio in REIT's do you have? Why? . . Why not?
Replies: 229
Views: 15118

Re: What percentage of total portfolio in REIT's do you have? Why?

I had about 5% of my portfolio in REITs at one time all held in tax advantaged accounts. I currently have what represents a very small amount of my total portfolio in a Roth account. I don't think I need additional diversity because we own some commercial real estate and don't want more taxable divi...
by SGM
Sat Jun 22, 2019 10:32 am
Forum: Personal Investments
Topic: Vanguard transition
Replies: 12
Views: 1831

Re: Vanguard transition

I don't care for change and it looks like I will have to upgrade/transition soon. I have been a Vanguard customer for over 30 years. I have had other brokerage accounts and still do. Maybe I will move accounts out of Vanguard. The website has been getting less user friendly in my view.
by SGM
Fri Jun 21, 2019 10:07 am
Forum: Investing - Theory, News & General
Topic: IRA w/o deduction - Why?
Replies: 7
Views: 543

Re: IRA w/o deduction - Why?

During most of my working years I was unable to deduct an traditional IRA. Over 40 years of working my traditional IRAs and my 401ks grew significantly. After 2010 when the law changed so that one could convert to Roth IRAs regardless of income, I looked into future conversions. We converted after r...
by SGM
Fri Jun 21, 2019 7:49 am
Forum: Investing - Theory, News & General
Topic: The problem in retirement we rarely discuss [what to do with stock funds]
Replies: 58
Views: 6096

Re: The problem in retirement we rarely discuss [what to do with stock funds]

I have donated some stock with large capital gains. We sell a little bit each year. The only capital losses we have are shorter term muni bond funds and foreign funds. These losses are small. So slowly we are increasing our bond funds and decreasing long held individual stocks. We would do the same ...
by SGM
Thu Jun 20, 2019 8:25 am
Forum: Investing - Theory, News & General
Topic: Against the Clock - Robert Merton & the Economist's Buttonwood
Replies: 11
Views: 1569

Re: Against the Clock - Robert Merton & the Economist's Buttonwood

I agree that pensionizing 401ks should offer protection for stock losses in the early years of retirement. One should protect oneself with disability insurance until you can self insure. Certainly a 50% stock downturn would be devastating to those with high stock allocations unless they have very la...
by SGM
Wed Jun 19, 2019 1:11 am
Forum: Investing - Theory, News & General
Topic: Can't contact VG & "Your account information is temporarily unavailable"
Replies: 25
Views: 1021

Re: Can't contact VG & "Your account information is temporarily unavailable"

I was unable to log in without calling a non-Vanguard brokerage twice within 3 business days due to hacking attempts. No money was lost, but hackers were using current user IDs. The rep told me to not just change my password, but also change my user ID. The brokerage was receiving thousands of hacki...
by SGM
Mon Jun 17, 2019 3:10 am
Forum: Personal Investments
Topic: TIRA to Roths? help Please
Replies: 104
Views: 3615

Re: TIRA to Roths? help Please

If your conversion is a break even proposition over the long haul then convert. At the immediate time of conversion you have the same buying power when you pay the taxes out of your taxable account. This is something that even accountants do not fully comprehend. One thing to consider is that if one...
by SGM
Sun Jun 16, 2019 4:34 pm
Forum: Personal Investments
Topic: Has anyone recently transferred shares from Computershare to Vanguard?
Replies: 27
Views: 2811

Re: Has anyone recently transferred shares from Computershare to Vanguard?

I had Computershare give me all shares as stock certificates. I don't know if they do that anymore. I always kept good records of the dividends I received each year and any purchases I made in that year. I kept the last statement of the year for each company. So I never had a problem determining my ...
by SGM
Sat Jun 15, 2019 4:00 am
Forum: Personal Investments
Topic: Starbucks; buy, sell, hold?
Replies: 41
Views: 3296

Re: Starbucks; buy, sell, hold?

I find that Starbucks is often the only place open where I can get a quick snack or lunch on a Sunday in certain city neighborhoods. It is also a meeting place for lots of people and opens earlier in the am then most meeting places. The lines later in the day on the NJ turnpike are huge any day of t...
by SGM
Mon Jun 10, 2019 2:51 am
Forum: Investing - Theory, News & General
Topic: Market up because of rate cut expectation - why ?
Replies: 21
Views: 2885

Re: Market up because of rate cut expectation - why ?

The Fed doesn't have much to work with in rate cuts because currently the prime rate is fairly low. Lower borrowing rates tends to help business and stock prices. Often good news and bad news can affect the stock market in unexpected ways. If the economic and financial news is considered too good th...
by SGM
Sun Jun 09, 2019 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for rent is throwing away money...myth?
Replies: 302
Views: 19314

Re: Paying for rent is throwing away money...myth?

I lost a little money on my first house as I moved sooner than I expected because of a great job opportunity. I later bought in a relatively hcol area and sold my second house 3 years later for almost double what I paid for it. My Dad sold his house after living in it for 50 years and the profits wo...
by SGM
Sat Jun 08, 2019 2:51 pm
Forum: Investing - Theory, News & General
Topic: Investing Techniques For People Approaching Retirement In This Aging Bull Market
Replies: 35
Views: 5360

Re: Investing Techniques For People Approaching Retirement In This Aging Bull Market

In 40+ years of investing I have never written a stop loss order. Taxes are important to me and one my largest expenses. I try to limit income tax by keeping capital gains to a minimum. We don't have the added tax burden of RMDs because we converted all traditional accounts to Roth accounts. I don't...
by SGM
Sat Jun 08, 2019 9:43 am
Forum: Investing - Theory, News & General
Topic: The logical fallacy behind "Bonds Are For Safety"
Replies: 248
Views: 16028

Re: The logical fallacy behind "Bonds Are For Safety"

I don't think I want to purchase EDV as it holds very long term treasuries. I have some total bond market in my Roth accounts and several muni bond funds in my taxable account. I don't have a problem that the majority of my risk is in my stock allocation. It is an interesting topic, but I won't be c...
by SGM
Fri Jun 07, 2019 3:04 pm
Forum: Personal Investments
Topic: very concerned about stock and bond movement
Replies: 26
Views: 2112

Re: very concerned about stock and bond movement

There seem to be a lot more posts about fear of market volatility recently. I don't think the market is any more dangerous than it has been in the past. I am comfortable with market volatility because I have saved a lot and can live in retirement with low withdrawal rate. I also planned to have othe...
by SGM
Thu Jun 06, 2019 7:44 pm
Forum: Personal Investments
Topic: This market just scares me...
Replies: 43
Views: 4256

Re: This market just scares me...

Making investment decisions based on emotions is foolish. At 39 I was happy when the market was down as I was investing automatically in a 401k, purchasing an IRA in January and investing in taxable if I had money left over. Anything I didn't need for an upcoming purchase was in stocks. Somehow I di...
by SGM
Thu Jun 06, 2019 3:54 pm
Forum: Investing - Theory, News & General
Topic: How do you talk to investment advisors socially?
Replies: 31
Views: 2092

Re: How do you talk to investment advisors socially?

We have a friend coming over tonight who is a financial advisor. She knows we are successful investors and she wouldn't try to recruit us as clients. She manages the trusts of two extended family members who are incapable of handling investments or land. She keeps them both out of trouble and we hop...
by SGM
Mon Jun 03, 2019 3:27 pm
Forum: Investing - Theory, News & General
Topic: You May Never See Your Grandchildren Again
Replies: 83
Views: 14504

Re: You May Never See Your Grandchildren Again

This reminds me of a conversation I had with a cousin-in-law a few years ago. I shouldn't have mentioned to him that I was delaying SS until 70 and converted my traditional accounts to Roth accounts while retired and waiting to receive my delayed SS. He insisted I made a big mistake that would only ...
by SGM
Mon Jun 03, 2019 8:27 am
Forum: Personal Finance (Not Investing)
Topic: What personal finance metrics do you track?
Replies: 44
Views: 3417

Re: What personal finance metrics do you track?

I have been withdrawing for almost 5 years. I keep track of total portfolio value. Yearly I update our non-portfolio income streams as some have a cost of living adjustment. We discuss any large purchases, but have never had a formal budget. I don't keep track of the value of real estate holdings as...
by SGM
Sun Jun 02, 2019 4:53 pm
Forum: Personal Investments
Topic: Delay Social Security?
Replies: 35
Views: 3424

Re: Delay Social Security?

The reasons to not delay SS are that you need the money now or you are in poor health. I was listening to the "financial quarterback" for the first time while on a long distant drive. He reminded me of the reasons I delayed SS while doing Roth conversions after I retired. He was giving away a book b...
by SGM
Sun Jun 02, 2019 4:43 pm
Forum: Personal Investments
Topic: Do you regret taking a pay cut for quality of life?
Replies: 68
Views: 7669

Re: Do you regret taking a pay cut for quality of life?

During my working years I quit two different jobs to go back to school and work part time for a few years. Each time I ended up with much higher income and new and interesting challenges. Recently I discovered that my rather obscure 38 year old master's research thesis has been chosen to be availabl...
by SGM
Sat Jun 01, 2019 10:54 am
Forum: Investing - Theory, News & General
Topic: Does one need a bank account anymore?
Replies: 60
Views: 4406

Re: Does one need a bank account anymore?

We like to have cash to carry around and the bank is conveniently located. I would rather use checks from a local bank than from an investment account and use a safety deposit box. We have occasional need for a signature guarantee or a notary which are all available for free at the local bank. ACH t...
by SGM
Thu May 30, 2019 8:38 am
Forum: Investing - Theory, News & General
Topic: Do you have an allocation more conservative than 50/50 ?? What is it? Why? How Bogleheads are getting it done.
Replies: 135
Views: 12289

Re: Do you have an allocation more conservative than 50/50 ?? What is it? Why? How Bogleheads are getting it done.

We are 60/40 now that I am retired for almost 5 years. I don't include real estate in those numbers. If I included real estate we could be less than 50/50. We have a low withdrawal rate due to non-portfolio income. There is some real estate that we no longer need which we may sell in the next five y...
by SGM
Thu May 30, 2019 5:31 am
Forum: Personal Consumer Issues
Topic: Port Townsend-Pacific Northwest
Replies: 33
Views: 2631

Re: Port Townsend-Pacific Northwest

We thoroughly enjoyed our stay in Port Townsend on an extended business trip to Seattle. We lived in Houston for several years and getting away from the summer heat was always a treat. For what its worth: A chemist friend from Houston was ecstatic when he transferred to Anacortes. An artist and univ...
by SGM
Tue May 28, 2019 3:20 am
Forum: Investing - Theory, News & General
Topic: What goes wrong after index enlightenment
Replies: 41
Views: 5337

Re: What goes wrong after index enlightenment

Good post Rick. I started out with individual stocks many years ago and don't want to hold them forever. I am stuck with large capital gains so I cannot sell them all. Some will be inherited at a higher basis. It is not awful to have capital gains but requires a plan to deal with them. We have donat...
by SGM
Mon May 27, 2019 4:16 pm
Forum: US Chapters
Topic: MEMORIAL DAY
Replies: 26
Views: 2801

Re: MEMORIAL DAY

Thank you Taylor. We owe so much to all our veterans and to those who gave their lives to protect our liberty. May they never be forgotten.
by SGM
Mon May 27, 2019 12:03 am
Forum: Personal Investments
Topic: Rethinking Individual Stocks
Replies: 76
Views: 7381

Re: Rethinking Individual Stocks

I continue to hold a few long held individual stocks because they have large very capital gains. I haven't had any capital losses in individual stocks for quite a few years. I have had the opportunity to tax loss harvest a small amount in internationals funds and muni bond funds recently. I would pr...
by SGM
Sun May 26, 2019 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: How does TIAA-CREF work?
Replies: 17
Views: 1669

Re: How does TIAA-CREF work?

TIAA traditional can be annuitized and CREF can be annuitized at least for one long ago employer's plan. The CREF annuity is variable and payments have gone up considerably since annuitizing about 4 years ago. TIAA traditional has gone up each year since annuitizing, but by a smaller percentage. Thi...
by SGM
Sun May 26, 2019 6:09 am
Forum: Investing - Theory, News & General
Topic: Actual Experience as true measure of risk tolerance
Replies: 82
Views: 6420

Re: Actual Experience as true measure of risk tolerance

I lived through several market crashes. The 2008 recession felt worse as it affected real estate prices and stock prices. I had job security, but I saw the effect of low real estate prices put nursing homes into a bind. Those facilities started to emphasize rehab which continued to pay their bills. ...
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: 1072

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: 151
Views: 14886

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: 74
Views: 6320

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: 4103

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: 1864

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: 4103

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: 129
Views: 8429

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: 3331

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 ...