Search found 2447 matches

by SGM
Fri Jan 19, 2018 11:06 am
Forum: Investing - Help with Personal Investments
Topic: spiaa.direct website and annuity Experience?
Replies: 2
Views: 157

spiaa.direct website and annuity Experience?

The Humbledollar website listed spia.com as one of the websites to get quotes. The quotes for payouts look a little better than fidelity quotes for SPIAs. Does anyone have experience with this particular vendor? They state on their website they have no middle man.

My error the website is spia.direct
by SGM
Wed Jan 17, 2018 3:19 am
Forum: Investing - Help with Personal Investments
Topic: Question for Retired BH, over 59.5 with Roth Acct
Replies: 10
Views: 748

Re: Question for Retired BH, over 59.5 with Roth Acct

It is unlikely we will ever spend from our Roth accounts. It is fun to watch it grow. I have decided on a more aggressive asset allocation because the time frame for the children inheriting it may be over 30 years if longevity is as high as the earlier generation.
by SGM
Tue Jan 16, 2018 4:37 am
Forum: Personal Finance (Not Investing)
Topic: Reason for Power of Attorney?
Replies: 12
Views: 849

Re: Reason for Power of Attorney?

Having power of attorney designation was very helpful for managing an elderly parent's finances who had to move to a different state from where he had been banking and living. This was helpful for assisted living care and paying bills mostly associated with health care and simplifying the issue of c...
by SGM
Tue Jan 16, 2018 3:52 am
Forum: Personal Consumer Issues
Topic: Are land line phones still being supported?
Replies: 60
Views: 3558

Re: Are land line phones still being supported?

Even with a cell tower close by reception is poor on certain spots on the farm. I often receive calls back on the land line from a friend who cannot understand me on my cell phone. We use the fax machine occasionally on the land line. The answering machine is a way of screening calls. I always thoug...
by SGM
Mon Jan 15, 2018 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 155
Views: 9439

Re: Stats on When People Take Social Security

I filed and suspended at FRA and DW took a restricted spousal benefit at her FRA. This allows her to collect half of my SS at my PIA primary insurance amount while hers grows until age 70. We value the potential higher cost of living adjusted amount for both of us while alive and the higher amount s...
by SGM
Mon Jan 15, 2018 9:50 am
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 106
Views: 8040

Re: Post your Financial Milestone Announcements Here

I had a milestone of sort, yesterday I held a family business meeting with adult children for the first time. We discussed assets, income, taxes, gifting, inheritances, careers, social aspects and preparing the younger generation for increased responsibility.
by SGM
Sun Jan 14, 2018 11:15 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2745
Views: 877664

Re: What Book Are You Currently Reading? Part VI

Stalin's Ghost by Martin Smith. Inspector Renko adventures. It is a bit bloody, but interesting enough that I checked out another book by Smith.
by SGM
Sun Jan 14, 2018 5:39 am
Forum: Personal Finance (Not Investing)
Topic: Solo 401(k)-Contributing ALL net income?
Replies: 11
Views: 976

Re: Solo 401(k)-Contributing ALL net income?

There were some years when my spouse contributed all of her earned income to the solo 401k/profit sharing plan. It didn't seem to raise any red flags at the IRS. At the time a salary of about $29k per year allowed for the maximum combination of employee and employer contribution as a percentage of h...
by SGM
Sat Jan 13, 2018 5:17 am
Forum: Investing - Theory, News & General
Topic: How does everyone keep track of your portfolio?
Replies: 154
Views: 12622

Re: How does everyone keep track of your portfolio?

I use spreadsheets and add a new column for each year. It calculates the percentage and total gains automatically. I have used new pages for specific issues like taxes, growth graphs, income sources, and planning. I like to look at yearly totals regardless of withdrawals or additions in retirement. ...
by SGM
Thu Jan 11, 2018 5:17 am
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 106
Views: 8040

Re: Post your Financial Milestone Announcements Here

We also hit a new round number and the portfolio increased by a round number by the last week of 2017. It will be fun to see if this continues in 2018. It will if the S&P increases by my optimistic guestimate in 2018. :D This bragging thread reminds me of my high school days.
by SGM
Thu Jan 11, 2018 4:53 am
Forum: Personal Finance (Not Investing)
Topic: Does a UGMA do for me what I want?
Replies: 23
Views: 956

Re: Does a UGMA do for me what I want?

UTMA income went on our taxes until the kids were out of school except for the first $1k of income. When they were working after 21 they paid the taxes. Was this for your kids or grandkids? This was for kids. Their grandparents contributed some to the UTMAs but asked permission first. The reason th...
by SGM
Wed Jan 10, 2018 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Does a UGMA do for me what I want?
Replies: 23
Views: 956

Re: Does a UGMA do for me what I want?

A 529 can be used for college tuition and other expenses. I know private school tuition that was discussed with the recent tax law change, but don't know if it went through. A grandparent's 529 can be counted towards income for scholarship applications. Sometimes you are better off paying tuition di...
by SGM
Tue Jan 09, 2018 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Overwhelmed with how to handle taxes on large inherited portfolio.
Replies: 24
Views: 1629

Re: Overwhelmed with how to handle taxes on large inherited portfolio.

We manage all our own accounts. We have suggested to our children to go with Vanguard PAS until they are ready to take over handling accounts themselves. The taxes aren't difficult. What Grabiner wrote about estimated taxes is advice I agree with. 0.97% is way too high a price to manage your account...
by SGM
Tue Jan 09, 2018 12:10 pm
Forum: Personal Consumer Issues
Topic: Anyone disenchanted with retirement?
Replies: 162
Views: 16282

Re: Anyone disenchanted with retirement?

I keep up with recent advances by going up to the hospital twice a month for continuous medical education and see old friends too, but I have met the challenge of medicine and am going on to other things..Last month two docs were asking me to come back to the nursing facility I once worked at and I ...
by SGM
Tue Jan 09, 2018 10:30 am
Forum: Forum Issues and Administration
Topic: Help me understand question-less financial status (e.g. "2 comma club") threads.
Replies: 175
Views: 8463

Re: Help me understand question-less financial status (e.g. "2 comma club") threads.

Where else are people going to discuss what they have or gloat? It is a semi-anonymous way to brag. I am okay with it. Sometimes people discuss how they got there so that can be helpful to some. It seems relatively harmless to me and may inspire early savers. If someone doesn't like it they can just...
by SGM
Sun Jan 07, 2018 6:07 pm
Forum: Investing - Theory, News & General
Topic: Memo to those who have won the game: it's time to quit playing
Replies: 210
Views: 17641

Re: Memo to those who have won the game: it's time to quit playing

I think I have been fairly conservative compared to when I was accumulating. It was a mistake to put any bond funds in my Roth accounts though. I started to sell off the bond funds because all the calculators tell me I won't need to touch those funds even if I live a few years beyond my life expecta...
by SGM
Sun Jan 07, 2018 5:35 pm
Forum: Investing - Theory, News & General
Topic: Intel might take a hit
Replies: 38
Views: 3911

Re: Intel might take a hit

I have no idea whether Intel will take a big or small hit. As soon as I heard about the news of a flaw in their chips I sold the shares I had owned for some time. It was a good excuse to sell all of my holdings in Intel. Since the Intel stock was such a small percentage of my portfolio I was not goi...
by SGM
Sat Jan 06, 2018 5:36 pm
Forum: Personal Consumer Issues
Topic: Muir Woods (California) requires reservations.
Replies: 16
Views: 1941

Re: Muir Woods (California) requires reservations.

Wow. Muir Woods is a beautiful place that I visited many times when I lived close by. Often I would walk down to park from near Mount Tamalpais in the early hours of the morning. A visitor from Texas called the park "almost a religious experience."
by SGM
Sat Jan 06, 2018 4:26 pm
Forum: Investing - Help with Personal Investments
Topic: Earning with your hands vs. investing
Replies: 9
Views: 1107

Earning with your hands vs. investing

When an elderly relative passed ,we forwarded a large inheritance check to a beloved long-time family employee (60+ years) who is almost a family member. The employee, in her 80s, is still working part time and wanted to refuse the check outright. Of course, the executor insisted it was in the will ...
by SGM
Sat Jan 06, 2018 11:57 am
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 290
Views: 25864

Re: Anyone tired of the stock market going up?

Boom-Boom. One boom was for the sound of his stick striking the puck; the second was for when his rocketing slapshot hit the boards. After all the NHL had to change the rules of a power play so that the penalized player came back on the ice after a goal during the power play. Prior to that Bernie "B...
by SGM
Sat Jan 06, 2018 5:13 am
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 315
Views: 23063

Re: What frugal thing did you do today?

I read a 1 day old WSJ that a friend brings for me at a local coffee shop. The day before he brought in the three prior issues. I haven't had a subscription to the WSJ in at least 5 years, but I have been receiving up to two free copies of the same issue a day late or so since then. I have two frien...
by SGM
Fri Jan 05, 2018 6:34 pm
Forum: Investing - Help with Personal Investments
Topic: What strategy do you use to reduce sequence of returns risk in retirement?
Replies: 117
Views: 7255

Re: What strategy do you use to reduce sequence of returns risk in retirement?

Joe Tomlinson has done some work on retirement planning and focused on delaying SS until 70 and then adding SPIAs. I prefer SPIAs to DIAs(deferred income annuities) as Joe does. One of his articles was recently cited on Morningstar. The Oblivious Investor, Mike Piper, has also cited some of Joe's pa...
by SGM
Fri Jan 05, 2018 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Selling individual muni bonds- estate executor has question
Replies: 9
Views: 456

Re: Selling individual muni bonds- estate executor has question

Sorry for the loss, but glad she had a good life & matters are being handled amicably. I would question as others have the size of any capital loss. Munis that have a premium are not the same as corporates. I didn't pick up on how long it has been since date of death -- or an alternate date selecte...
by SGM
Fri Jan 05, 2018 3:16 am
Forum: Investing - Theory, News & General
Topic: Hitting The Sell Button
Replies: 222
Views: 24496

Re: Hitting The Sell Button

DW warned me that I cannot tell anyone how much our portfolio has grown in the first 3 days of 2018. :shock:
by SGM
Thu Jan 04, 2018 4:31 pm
Forum: Investing - Help with Personal Investments
Topic: Too much tax deferral?
Replies: 26
Views: 3324

Re: Too much tax deferral?

You might consider making conversions now as you will be in a higher bracket with RMDs and SS. Your taxable account should continue to grow and you may have a lot of taxes on dividends and gains. Do you have a legacy motive? It is better to inherit a Roth than a tIRA. Roth conversions are a wash at ...
by SGM
Thu Jan 04, 2018 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Selling individual muni bonds- estate executor has question
Replies: 9
Views: 456

Selling individual muni bonds- estate executor has question

An in-law's estate is being distributed and the executor has little experience, but is fair and wants to do the best for the family. Currently it is all cash except for individual muni bonds with maturities up to 2018. All bonds were bought at a premium as the stated rates are higher than current ra...
by SGM
Thu Jan 04, 2018 8:39 am
Forum: Personal Finance (Not Investing)
Topic: Is paying down the mortgage the right choice?
Replies: 16
Views: 1692

Re: Is paying down the mortgage the right choice?

If you won't be using your tax advantaged accounts soon I would keep it mostly if not all in stocks. I am retired, but recently decided to decrease my bonds in my Roth because I don't expect to take any money out of it for 20 years if at all. I would be comfortable with no bonds in the Roths and som...
by SGM
Thu Jan 04, 2018 5:22 am
Forum: Personal Finance (Not Investing)
Topic: Is paying down the mortgage the right choice?
Replies: 16
Views: 1692

Re: Is paying down the mortgage the right choice?

I would pay off the mortgage early. It is a great feeling to have no debt. When the mortgage was paid off we had more to invest and took advantage of it. If your income went down unexpectedly you would no longer have a house payment to worry about. Once the mortgage was paid off I would increase inv...
by SGM
Wed Jan 03, 2018 4:14 pm
Forum: Investing - Help with Personal Investments
Topic: What strategy do you use to reduce sequence of returns risk in retirement?
Replies: 117
Views: 7255

Re: What strategy do you use to reduce sequence of returns risk in retirement?

The first thing I did was delay SS until 70. This gives me a higher, slightly less taxed ,cola pension, which will cover a lot of expenses. We also have steady and increasing real estate income. Our dividends cover a lot of our expenses too and are a little over 2% currently. That would be a low wit...
by SGM
Tue Jan 02, 2018 9:59 am
Forum: Investing - Theory, News & General
Topic: REGISTRATION FOR 2018 BOGLEHEAD CONTEST
Replies: 141
Views: 8141

Re: REGISTRATION FOR 2018 BOGLEHEAD CONTEST

3100 even. I am optimistic. I convinced someone in my breakfast bunch to compete. So go high stock buyers so that I can have bragging rights later this year over just another w.a.g. 8-)
by SGM
Mon Jan 01, 2018 11:24 am
Forum: Investing - Theory, News & General
Topic: Individual Stocks That Went Bust
Replies: 90
Views: 5268

Re: Individual Stocks That Went Bust

DEC PDP11 computers once ran all the equipment I worked with at big oil back in the early 1980s. If one of the important analyzers didn't work it cost the big oil company $60,000 an hour in flared product which was a lot of money in those days. It still sounds like pretty big money to me now. I had ...
by SGM
Mon Jan 01, 2018 4:09 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3251
Views: 944193

Re: What Movie Have You Recently Watched?

Darkest Hour is a great movie and covers the public and personal life of Churchill from the time he becomes prime minister through Dunkirk. It was nice to see it a few months after seeing Dunkirk.
by SGM
Sun Dec 31, 2017 5:46 am
Forum: Personal Finance (Not Investing)
Topic: Target Net Worth
Replies: 39
Views: 4478

Re: Target Net Worth

I have never had a net worth target. I have targeted income vs. expenses. Part of that income is portfolio return and rental income. We also have delayed SS which we will take at 70. Currently we also have a SS spousal benefit and some pension benefits. In the future I might ladder SPIAs after age 7...
by SGM
Wed Dec 27, 2017 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Donor Advised Fund if your tax circumstances will change in the future
Replies: 75
Views: 4969

Re: Donor Advised Fund if your tax circumstances will change in the future

QCDs are better than a DAF. Due to fortunate investment returns since Roth which were completed several years ago we chose to increase our charitable donations in the future. With the new tax law we decided to open up and fund a DAF which will be distributed to charities over the next 5 to 10 years....
by SGM
Mon Dec 25, 2017 10:13 am
Forum: Local Chapters and Bogleheads Community
Topic: My Christmas Present to You
Replies: 90
Views: 8160

Re: My Christmas Present to You

Thank you Taylor and Merry Christmas

" If it be a sin to covet honor,
I am the most offending soul alive"

We owe a great deal to you and your generation's sacrifice. May it never be forgotten.
by SGM
Sun Dec 24, 2017 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Will you donate less to Charity?
Replies: 107
Views: 6885

Re: Will you donate less to Charity?

A tax deduction for charitable donations allows me to give more than I otherwise would be able to do to qualified charities. We opened and funded a DAF late this year which will be used for charitable donations over the next decade. There are a couple of charitable donations we make that are not ded...
by SGM
Sun Dec 24, 2017 6:49 am
Forum: Investing - Theory, News & General
Topic: Will you take this Fidelity bait ?
Replies: 126
Views: 13236

Re: Will you take this Fidelity bait ?

If you switch to investor from admiral levels in mutual funds you will quickly eat up the $5k bonus in extra fees with a large account. I don't find it worthwhile to switch from one brokerage to another. I find Vanguard's service to be good and don't need to go to a local office. I used Fidelity for...
by SGM
Sun Dec 24, 2017 6:01 am
Forum: Investing - Help with Personal Investments
Topic: Are Roth IRAs overrated?
Replies: 77
Views: 7252

Re: Are Roth IRAs overrated?

Advantages of Roth conversions for us: 1. No RMDs at age 70 1/2 and lower ongoing taxes from RMDs 2. Lower ongoing taxable dividends from the year of conversion on forward as taxes were paid out of taxable account 3. Long term growth tax free 4. Better to inherit a Roth than a traditional IRA 5. No ...
by SGM
Fri Dec 22, 2017 4:59 am
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 878
Views: 48638

Re: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]

Currently we report rental income on Schedule C. Will we still be able to deduct expenses on Schedule C in 2018? Are deductions limited at higher income levels? If the deductions are limited would that change if we incorporate and are there limitations for corporate deductions at higher income level...
by SGM
Thu Dec 21, 2017 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 878
Views: 48638

Re: Tax Bill Omnibus Thread

I opened a DAF today. Hopefully the stock with long term capital gains of 450% will be in the charitable account by tomorrow.
by SGM
Wed Dec 20, 2017 3:49 am
Forum: Personal Finance (Not Investing)
Topic: Reharacterizing Roth back into traditional after backdoor
Replies: 5
Views: 568

Re: Reharacterizing Roth back into traditional after backdoor

If you are going to do a recharacterization do it before the end of 2017 "For the times they are a changing". :wink:
by SGM
Mon Dec 18, 2017 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Terminology: condo vs apartment
Replies: 26
Views: 2121

Re: Terminology: condo vs apartment

Our house has a lower assessed value and real estate taxes than one neighbor that had to sell their house. However, our house costs more to purchase is much bigger, newer and better appointed and has better views. Our house was rebuilt by the previous owner because a house fire destroyed the origina...
by SGM
Mon Dec 18, 2017 4:09 am
Forum: Personal Finance (Not Investing)
Topic: Terminology: condo vs apartment
Replies: 26
Views: 2121

Re: Terminology: condo vs apartment

The taxes are lower in the condo because we share ownership of the land. A shared ownership of the land is considered to be less valuable than owning a house and the surrounding land outright. You are limited as to what you can build on communal land. We can build little outbuildings for storage abu...
by SGM
Sun Dec 17, 2017 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: Terminology: condo vs apartment
Replies: 26
Views: 2121

Re: Terminology: condo vs apartment

Condominium does not refer to the type of building. It is a legal definition of ownership. We own in a 5 house development. Each house is separate and the houses are condos. We own the living space and not the yard, driveway seawall or any communal space. The actionable thing about this condominium ...
by SGM
Sun Dec 17, 2017 12:27 pm
Forum: Investing - Theory, News & General
Topic: Do you have bonds in Roths as a retiree?
Replies: 35
Views: 2784

Re: Do you have bonds in Roths as a retiree?

I have had about 30% bonds in my Roth, but I am considering decreasing the bond allocation in the Roth accounts considerably because I too will not touch the Roth account for many years if ever. My bond allocation in taxable are muni bond funds. Munis are riskier than funds that contain treasury bon...
by SGM
Sat Dec 16, 2017 5:54 am
Forum: Investing - Theory, News & General
Topic: Stocks always in taxable for tax efficient investing?
Replies: 101
Views: 7026

Re: Stocks always in taxable for tax efficient investing?

For most of my investing life I have had only stocks in taxable and tax deferred accounts and stayed the course for over 30 years. I wanted and received a high total return in the end. Currently I only have taxable and Roth accounts. My taxable account has stock and muni bond funds while the Roth ha...
by SGM
Fri Dec 15, 2017 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: For those in retirement, how close is your post retirement spending to your pre-retirement estimate?
Replies: 26
Views: 2557

Re: For those in retirement, how close is your post retirement spending to your pre-retirement estimate?

My health care costs are much higher than expected due to IRMAA fees. For part D alone these fees goes up in 2018 by 35% to 58%. My IRMAA payments are way higher than the part D insurance payment. Similar numbers are attached to Part B IRMAA fees. Taxes have not gone down in retirement despite lower...
by SGM
Fri Dec 15, 2017 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Keys to a Successful Retirement
Replies: 64
Views: 10558

Re: Keys to a Successful Retirement

BobK never advised buying whole life insurance. Single premium immediate annuities are completely different from whole life insurance. I have been retired over 3 years. I have followed most of the considerations in the original post except for long term care insurance and reverse mortgages. I am sel...
by SGM
Thu Dec 14, 2017 4:08 am
Forum: Investing - Theory, News & General
Topic: Any of you trade just a little as a hobby?
Replies: 64
Views: 6089

Re: Any of you trade just a little as a hobby?

I never considered investing as a hobby, but as a means to complete financial independence. I still have large holdings in individual stocks that I have been winnowing down for 7 years. No individual stock makes too high a portion of the portfolio. This year we had some unusual expenses and took mor...
by SGM
Wed Dec 13, 2017 6:57 pm
Forum: Personal Consumer Issues
Topic: Who is Right Me or Spouse
Replies: 51
Views: 3162

Re: WHO IS RIGHT ME or SPOUSE

The tradition in our family from those who can afford to give gifts has been to give a gift to the grandchild and the spouse of the grandchild. The same went for child and the spouse of a child. This has the effect of considering them both to be equally welcome as family members.