Search found 2475 matches

by SGM
Fri Feb 23, 2018 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: Bogleheads: What are you doing to prepare for dementia/alzheimers?
Replies: 55
Views: 4460

Re: Bogleheads: What are you doing to prepare for dementia/alzheimers?

I am considering adding some single premium immediate annuities later in life. I also am delaying SS to 70. The idea is to have some income that will come in regardless of my ability to manage a portfolio. I am working on teaching my grown children how to run their own and family finances. Part of t...
by SGM
Thu Feb 22, 2018 6:54 pm
Forum: Investing - Theory, News & General
Topic: Terminology question: what does "losing money" mean?
Replies: 71
Views: 2738

Re: Terminology question: what does "losing money" mean?

Since I considered no loss in purchasing power in my analysis of Roth conversions at the time of conversion when paying taxes out of a taxable account, I would say all three funds lost purchasing power over the given period.
by SGM
Tue Feb 20, 2018 3:17 am
Forum: Investing - Theory, News & General
Topic: Sequence of returns risk while accumulating
Replies: 65
Views: 3871

Re: Sequence of returns risk while accumulating

The assumption that I would invest the same amount every year for x years was never something I considered. Each year with few exceptions I invested more than the prior year. Raises would come, mortgages eventually get paid off. Periodically I boosted my income by additional training. Self employmen...
by SGM
Sun Feb 18, 2018 9:41 am
Forum: Investing - Help with Personal Investments
Topic: Why not tax-exempt bonds?
Replies: 23
Views: 2344

Re: Why not tax-exempt bonds?

We have most of our taxable bonds in Vanguard tax exempt muni bond funds while retired. Bond funds go up and down in value depending on changes in interest rates. We don't think we will ever need to sell these funds at a time when the bond market is down. I like the Vanguard muni bond funds better t...
by SGM
Sat Feb 17, 2018 9:33 am
Forum: Investing - Theory, News & General
Topic: Retirees: The common sense withdrawal method
Replies: 149
Views: 13381

Re: Retirees: The common sense withdrawal method

Like many others I have internalized what I have learned by reading multiple methods of withdrawals, many retirement calculators, etc. I have only been retired almost 4 years. I have a spreadsheet showing expenses, income and portfolio assets. I am happy to say that I am delaying SS until age 70 and...
by SGM
Fri Feb 16, 2018 5:07 pm
Forum: Investing - Theory, News & General
Topic: Better not taxed now or taxed later?
Replies: 23
Views: 1722

Re: Better not taxed now or taxed later?

Why not convert part of the traditional IRA to a Roth IRA? It will then grow tax free. I prefer to pay taxes later in most cases, but have chosen to convert all of my tIRAs to Roth IRAs over a period of several years when my income was a little lower than after age 70. There are lots of threads on t...
by SGM
Fri Feb 16, 2018 1:53 pm
Forum: Investing - Theory, News & General
Topic: How Not to Get Rich - Mark Twain
Replies: 17
Views: 3438

Re: How Not to Get Rich - Mark Twain

We have been to Mark Twain's mansion in Hartford, CT several times. Just outside the mansion, you can see the typesetting machine he invested so much money in. The number of moving parts was incredible, a mechanic's nightmare. Any Sears repairman would have advised him against the investment. :wink:...
by SGM
Fri Feb 16, 2018 5:23 am
Forum: Investing - Theory, News & General
Topic: How many of you use the "4% rule" during retirement?
Replies: 68
Views: 8252

Re: How many of you use the "4% rule" during retirement?

I am withdrawing less than 4% and am spending whatever I need. I have been retired almost 4 years and the portfolio has increased greatly thanks to a good market. I don't use the 4% rule, but did consider it in planning. I am finally back up to where I was January 1st. When I start receiving delayed...
by SGM
Wed Feb 14, 2018 5:13 pm
Forum: Investing - Help with Personal Investments
Topic: Where to invest funds from home sale?
Replies: 17
Views: 1059

Re: Where to invest funds from home sale?

I sold the house of a 92 year old who needed to withdraw $24k beyond pension and SS each year to meet assisted living care expenses. The assisted living institution could also do hospice care. One year of additional expenses was put in CDs and money market account and checking account. Two years exp...
by SGM
Tue Feb 13, 2018 5:21 am
Forum: Investing - Help with Personal Investments
Topic: UGMA vs UTMA vs Vanguard Confusion
Replies: 6
Views: 593

Re: UGMA vs UTMA vs Vanguard Confusion

We had set up both UTMAs and 529 accounts. The 529s are tax deferred or tax exempt depending how they are spent. The 529s have a penalty of 10% of earnings if used for non qualified purposes. Control of 529s are kept by the benefactor. Grandparents have also paid tuition and medical bills directly w...
by SGM
Sun Feb 11, 2018 4:20 am
Forum: Investing - Theory, News & General
Topic: annuity vs. decumulation: apples to apples comparisons?
Replies: 26
Views: 1967

Re: annuity vs. decumulation: apples to apples comparisons?

We are pleased with a TIAA-CREF variable and fixed annuity received through employment. Payments have gone up yearly, but I don't completely understand how it is calculated. We estimate that at least one of us will be long lived. A SPIA will payout around 6% yearly for life which will allow for a lo...
by SGM
Tue Feb 06, 2018 6:02 pm
Forum: Investing - Help with Personal Investments
Topic: Where to keep money to get to Social Security at age 70?
Replies: 14
Views: 1239

Re: Where to keep money to get to Social Security at age 70?

Several years prior to retirement I looked at term annuities and thought the payouts were extremely low. I bought a savings annuity through USAA and it initially paid 4% tax deferred. After year 1 I could take out 10% per year without penalty for 6 more years. In the 7th year it is paying a little o...
by SGM
Fri Feb 02, 2018 9:15 am
Forum: Investing - Theory, News & General
Topic: Anyone has tried 'investing with the house'?
Replies: 49
Views: 3922

Re: Anyone has tried 'investing with the house'?

I tried this 40 years ago and it was not a good strategy for reasons others have enumerated above. The same goes for recommendations by well known "experts." The recommendations are old news by the time you read them and anyone can find out what companies a fund has invested in. Do not make the mist...
by SGM
Wed Jan 31, 2018 6:58 pm
Forum: Investing - Theory, News & General
Topic: Living on Dividends and Interest
Replies: 58
Views: 7461

Re: Living on Dividends and Interest

Living off dividends and interest is a great thing if you don't reach for yield and you are spending what you need and want. You must have a large portfolio or don't need much from your portfolio to live well.
by SGM
Tue Jan 30, 2018 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: How to think about your house from a financial perspective
Replies: 89
Views: 6771

Re: How to think about your house from a financial perspective

We recently sold a house for 47 x the purchase price. Call it what you want. :wink: I only rented until I could afford to buy and was committed to living in one location for a long time. On occasion I sold houses sooner than I expected because of career opportunities. I made significant amounts on t...
by SGM
Mon Jan 29, 2018 9:21 am
Forum: Investing - Help with Personal Investments
Topic: Retirement Taxes
Replies: 17
Views: 1440

Re: Retirement Taxes

Traditional IRAs are taxed at your highest income tax rate. LT capital gains are taxed at a lower rate. Unless I wanted to convert all traditional IRAs to Roth accounts, donating the tIRAs RMDs after 70 1/2 would be my choice. We have no tax deferred accounts, only Roth accounts so we donate appreci...
by SGM
Mon Jan 29, 2018 5:24 am
Forum: Investing - Help with Personal Investments
Topic: "Muni Bonds Time Bomb" Barron's
Replies: 47
Views: 4836

Re: "Muni Bonds Time Bomb" Barron's

Before retirement I bought some California and NY bond funds after Meredith Whitney came out with her warnings. These funds had been way oversold and I kept them long enough to take a long term capital gain. Currently we own national muni funds through Vanguard and don't intend to sell them,
by SGM
Sun Jan 28, 2018 6:14 pm
Forum: Investing - Theory, News & General
Topic: Starting to feel like the late 1990s?
Replies: 145
Views: 12661

Re: Starting to feel like the late 1990s?

It doesn't feel like the late 90s to me. No one is trying to get me to invest in start ups as a former NYC detective with no financial training did in the 90s. I don't know anyone who took his software company public for millions and then lost it all before he was allowed to dispose of the stock as ...
by SGM
Sun Jan 28, 2018 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 197
Views: 14381

Re: Stats on When People Take Social Security

I made my decision to delay some time ago and essentially for the longevity insurance for my spouse. I retired at 66 and will take SS at 70. My delay meant foregoing $115,200 of the 4 years of SS security payments. My yearly increase will be $9,216 by taking it at age 70 instead of 66. If I had $230...
by SGM
Sat Jan 27, 2018 4:34 pm
Forum: Investing - Help with Personal Investments
Topic: Municipal Bonds - 100% When All You Need is the Income
Replies: 55
Views: 5054

Re: Municipal Bonds - 100% When All You Need is the Income

All I need is the income and I have no more than 25% in muni bonds. I am concerned about the risk of inflation sometime in the next 30 years of retirement. Most of what I have seen on AA is that having some stock funds increases the safety of a portfolio lasting over a long period of retirement. I w...
by SGM
Sat Jan 27, 2018 11:09 am
Forum: Personal Finance (Not Investing)
Topic: How do you decide how wealthy you really are?
Replies: 58
Views: 7948

Re: How do you decide how wealthy you really are?

More importantly I count my blessings and am thankful for every day. My value is not connected to my wealth. For planning purposes I keep a spread sheet with investment totals and y-t-d results, as well as various sources of income. I don't include the value of real estate in any calculations so I d...
by SGM
Sat Jan 27, 2018 5:27 am
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 288
Views: 19880

Re: I bought a stock today - Redfin (RDFN)

My nephew and his wife work for Redfin. We sold a relative's house out of state and had a good experience with the company and the agent. We saved on agent's fees. I am impressed with the company. A good company does not necessarily mean that the stock is a good buy. Will Redfin benefit from the rec...
by SGM
Fri Jan 26, 2018 10:50 am
Forum: Investing - Help with Personal Investments
Topic: Taxable account investing for high income tax bracket investors
Replies: 18
Views: 1204

Re: Taxable account investing for high income tax bracket investors

I wouldn't sacrifice lower ERs and taxes for simplicity. This is not rocket science and I don't see the value in doing frequent rebalancing. Every two years seems about right for me or rebalancing with dividends. Despite the pointed warnings of one of our BH authors I continue to hold muni bond fund...
by SGM
Fri Jan 26, 2018 9:17 am
Forum: Investing - Theory, News & General
Topic: In what ways could BogleHeads be badly wrong ?
Replies: 237
Views: 20636

Re: In what ways could BogleHeads be badly wrong ?

Active management isn't likely to buy you much in a black swan event. Meanwhile you would be paying the extra cost of owning such a fund. Active funds find it difficult to consistently beat the market after accounting for increased expense ratios and increased taxes due to trading. Nothing in the BH...
by SGM
Thu Jan 25, 2018 4:23 am
Forum: Personal Finance (Not Investing)
Topic: When to claim Social Security: two reasons not to wait
Replies: 19
Views: 3112

Re: When to claim Social Security: two reasons not to wait

My understanding is that the hold harmless aspect of Medicare does not apply to higher income folks. There is a high probablililty that one of us will live beyond 90. One of us had parents whose average age at death was 102 and 6 months. We are planning on using SS for longevity insurance. I am not ...
by SGM
Tue Jan 23, 2018 8:09 pm
Forum: Investing - Theory, News & General
Topic: Is Anybody Else Freaked Out By the Rapidly Escalating Stock Market?
Replies: 40
Views: 3660

Re: Is Anybody Else Freaked Out By the Rapidly Escalating Stock Market?

I am enjoying the up market. If I were in the accumulation mode I would be less happy as I like to buy low. As a retiree it is fun to see my balances go way up. I suspect there will be a correction late in the year, but nobody knows for sure. There are fewer regulations and lower corporate taxes whi...
by SGM
Tue Jan 23, 2018 9:30 am
Forum: Investing - Theory, News & General
Topic: Kitces article: A cash bucket in retirement? Nope
Replies: 150
Views: 11908

Re: Kitces article: A cash bucket in retirement? Nope

I am up huge amounts in 2017 and up again huge amounts in the first 3 weeks of the year. I am now going to have a large amount in cash. We are embarking on a spending spree this year with all the cash we are accumulating. :D I never had much cash when accumulating as I had job security and decent in...
by SGM
Sat Jan 20, 2018 7:02 pm
Forum: Investing - Theory, News & General
Topic: What "efficient market" does and doesn't mean
Replies: 29
Views: 1829

Re: What "efficient market" does and doesn't mean

Markets are not price-equals-value efficient , but they are hard-to-beat efficient.
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: 211

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: 827

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: 931

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: 3817

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: 197
Views: 14381

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: 202
Views: 14051

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: 2858
Views: 895389

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: 1016

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: 171
Views: 17443

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: 202
Views: 14051

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: 1012

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: 1012

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: 1717

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: 184
Views: 20133

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: 8989

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: 18209

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: 4014

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: 2003

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: 1145

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: 309
Views: 30448

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: 450
Views: 35595

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: 7761

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...