Search found 2548 matches

by SGM
Tue Apr 24, 2018 4:03 pm
Forum: Investing - Help with Personal Investments
Topic: Considering No 401K Contribution or Profit Sharing For 2018
Replies: 10
Views: 671

Re: Considering No 401K Contribution or Profit Sharing For 2018

You could continue to add to your 401k and profit sharing as well as convert a similar amount in some traditional accounts to Roth accounts.

If you are already at the maximum earnings for SS it might be worthwhile to save some FICA taxes on the profit sharing amounts.
by SGM
Mon Apr 23, 2018 5:39 pm
Forum: Investing - Help with Personal Investments
Topic: Dividend fund in taxable account during retirement, yea or nay?
Replies: 33
Views: 2481

Re: Dividend fund in taxable account during retirement, yea or nay?

Qualified dividends are not taxed the same as ordinary income. However, LT capital gains taxes are more efficient as the total amount you withdraw is not taxed. The new tax law has decreased the taxes on pass through income such as REIT dividends. There is a 20% discount which I discussed on another...
by SGM
Mon Apr 23, 2018 2:25 pm
Forum: Personal Consumer Issues
Topic: New retirees: so whatdayathink ?
Replies: 80
Views: 8209

Re: New retirees: so whatdayathink ?

It will be 4 years in August since I retired. We don't travel a lot, but expect to do more as we were reluctant to leave elderly parents who are now gone. I like running into my old patients. I ran into one today at lunch. The lacrosse backstop I gave him years ago for his grandson was put to good u...
by SGM
Sun Apr 22, 2018 2:06 pm
Forum: Investing - Theory, News & General
Topic: KF's simple rules to achieve FI [Financial Independence]
Replies: 248
Views: 14127

Re: KF's simple rules to achieve FI

I like 529s for college education, because the earnings are not taxed and are funded out of taxable accounts. This decreases taxes on investments a little every year the funds are outside of a taxable account. In our state there is a tax credit for investing in 529s as well. I have never had an issu...
by SGM
Sat Apr 21, 2018 4:22 pm
Forum: Investing - Theory, News & General
Topic: NYT article: Everyone should hire a financial planner
Replies: 103
Views: 8091

Re: NYT article: Everyone should hire a financial planner

Certainly not everyone needs a financial planner. I have been investing for over 40 years without using a financial advisor. I did get one free review of my portfolio from Vanguard and I partially followed their advice. Is this the Voyager Select (and above) included financial advisor or something ...
by SGM
Sat Apr 21, 2018 8:17 am
Forum: Investing - Theory, News & General
Topic: NYT article: Everyone should hire a financial planner
Replies: 103
Views: 8091

Re: NYT article: Everyone should hire a financial planner

Certainly not everyone needs a financial planner. I have been investing for over 40 years without using a financial advisor. I did get one free review of my portfolio from Vanguard and I partially followed their advice. I had an off the cuff discussion with one of the very well respected advisors wh...
by SGM
Fri Apr 20, 2018 4:08 am
Forum: Personal Consumer Issues
Topic: Factor in evaluating Physicians
Replies: 86
Views: 4525

Re: Factor in evaluating Physicians

Years ago a young attending would try to shame the residents who were receiving pens and eating sandwiches provided by drug reps. That young attending with self assessed "superior morals" was later sanctioned by the State Board of Physicians for illicit drug use. :twisted: Advertising of drugs direc...
by SGM
Thu Apr 19, 2018 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: “The Smell of Retiree Mon$y...”
Replies: 57
Views: 8015

Re: “The Smell of Retiree Mon$y...”

This pestering makes us less likely to donate cash. I pay higher tips for service than I once did. If a charity wastes money on advertising and mailing us useless stuff we will discontinue giving to the charities. We don't respond to unsolicited phone calls from any charity or business. We do volunt...
by SGM
Wed Apr 18, 2018 4:00 pm
Forum: Investing - Help with Personal Investments
Topic: Are you keeping more in cash?
Replies: 31
Views: 4242

Re: Are you keeping more in cash?

Yes. We have received some cash and have some current temporarily higher expenses so I am not investing it in anything risky. I don't organize investments in buckets, but it does feel like I have a cash bucket right now. I am 4 years into retirement and my portfolio has done quite well. I am aware o...
by SGM
Wed Apr 18, 2018 4:04 am
Forum: Personal Consumer Issues
Topic: How to delist a bogus Craigslist entry
Replies: 7
Views: 1386

Re: How to delist a bogus Craigslist entry

From a text I gathered that the advertisement included a price of $1500 and the word pickup as well as the manufacturer. This allowed me to narrow down matches to about 8 vehicles across the state. I clicked on the red telephone icons until I found my cell phone number. I flagged the entry and it di...
by SGM
Tue Apr 17, 2018 4:21 pm
Forum: Personal Consumer Issues
Topic: How to delist a bogus Craigslist entry
Replies: 7
Views: 1386

Re: How to delist a bogus Craigslist entry

I cannot find the ad, but am getting fewer phone calls. My service gives me a scam alert and there are a dozen a day. My greeting is quite long so you really must want to leave a message if you will listen to the whole greeting. Someone just left a scam message that if I don't call back I won't get ...
by SGM
Tue Apr 17, 2018 4:10 pm
Forum: Investing - Help with Personal Investments
Topic: Tax reform effect on REIT shareholders income
Replies: 7
Views: 879

Re: Tax reform effect on REIT shareholders income

Thanks Grok. That makes sense. The original article states 39.6% to 29.6% with a 20% deduction which did not make sense. The author neglected to put in the new top rate of 37 % to calculate a 29.6% for the tax rate on pass through dividends with the 20% deduction.
by SGM
Mon Apr 16, 2018 7:47 pm
Forum: Investing - Help with Personal Investments
Topic: Tax reform effect on REIT shareholders income
Replies: 7
Views: 879

Re: Tax reform effect on REIT shareholders income

I believe it can be individual REITs that you would buy in the 1031 exchange not necessarily a REIT fund. For instance one could buy American Tower who own cell towers. The Delaware statutory trusts may be a stumbling block for us. Possibly we won't have as much in capital gains as I first thought. ...
by SGM
Mon Apr 16, 2018 2:09 pm
Forum: Investing - Help with Personal Investments
Topic: Tax reform effect on REIT shareholders income
Replies: 7
Views: 879

Re: Tax reform effect on REIT shareholders income

A recent article in US News and World Report by Rebecca Lake discusses a 20% tax deduction on REIT dividends. She states that someone in the 39.6% bracket would have pass-through entity dividends taxed at 29.6%. She also discusses using REITs for 1031 exchanges which would delay capital gain taxes ...
by SGM
Mon Apr 16, 2018 3:48 am
Forum: Investing - Help with Personal Investments
Topic: Tax reform effect on REIT shareholders income
Replies: 7
Views: 879

Tax reform effect on REIT shareholders income

A recent article in US News and World Report by Rebecca Lake discusses a 20% tax deduction on REIT dividends. She states that someone in the 39.6% bracket would have pass-through entity dividends taxed at 29.6%. She also discusses using REITs for 1031 exchanges which would delay capital gain taxes o...
by SGM
Mon Apr 16, 2018 3:15 am
Forum: Personal Consumer Issues
Topic: How to delist a bogus Craigslist entry
Replies: 7
Views: 1386

How to delist a bogus Craigslist entry

Yesterday I kept getting calls and texts on my cell phone asking about a vehicle sale. I have never been on the Craigslist website. How can I get the listing deleted as the whole thing is bogus? I don't know if this is someone's idea of a stupid joke or an error in transcribing a phone number. Had I...
by SGM
Thu Apr 12, 2018 3:35 am
Forum: Investing - Help with Personal Investments
Topic: Fund IRA's or not? Possible to have too much in IRA's?
Replies: 20
Views: 1851

Re: Fund IRA's or not? Possible to have too much in IRA's?

In 2010 the law changed so that Roth conversions were allowed regardless of income. That year I had some payments delayed until 2011 so I began converting what were mostly non-deductible traditional IRAs. I also learned about back-door conversions. When I started working part time and later while I ...
by SGM
Wed Apr 11, 2018 4:51 am
Forum: Investing - Theory, News & General
Topic: Retirees: Who's increasing their equities as they age?
Replies: 74
Views: 5185

Re: Retirees: Who's increasing their equities as they age?

I read these studies about rising equity allocation as one ages in retirement some time ago and found them intriguing. On approaching retirement I cut back on equities from 100 to currently 70%. This seems pretty aggressive for a retiree so I don't think I will increase my stock allocation any time ...
by SGM
Tue Apr 10, 2018 8:37 am
Forum: Investing - Theory, News & General
Topic: Bogle on stock turbulence: ‘never seen a market this volatile to this extent in my career’
Replies: 88
Views: 12331

Re: Bogle on stock turbulence: ‘never seen a market this volatile to this extent in my career’

With large portfolios that I assume Jack Bogle has, the daily market swings could change the value of his portfolio by hundred of thousands or a few million in a day. Maybe the daily fluctuations is related to programmed trading or the large amounts invested in ETFs. It does feel more risky than in ...
by SGM
Tue Apr 10, 2018 3:56 am
Forum: Investing - Theory, News & General
Topic: What is your AA, given your age? and, Why?
Replies: 163
Views: 11386

Re: What is your AA, given your age? and, Why?

Most of my investing years I have been 100% stock as I considered my work to be secure and never sold in a downturn. Currently at 70/30 in late 60s and retired. This does not include income producing real estate and other income streams. I may start adding a SPIA ladder after age 70 and am not takin...
by SGM
Mon Apr 09, 2018 3:40 am
Forum: Personal Consumer Issues
Topic: Regrets of the frugal and dying?
Replies: 62
Views: 8646

Re: Regrets of the frugal and dying?

I heard no regrets from either dying patients or dying relatives about working too long or saving too much. One patient did not want to go into a nursing home because she wanted her children to inherit money. I kept her out of a nursing home for as long as I was in medical practice.
by SGM
Sat Apr 07, 2018 5:31 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Customer Service
Replies: 37
Views: 3044

Re: Vanguard Customer Service

I have had generally good experiences when I talk to my Flagship rep. I have had two different reps and the first one was excellent. The replacement rep needed a little training and I had written a complaint about him on the Vanguard website. I had considered writing a letter to the CEO, but it was ...
by SGM
Fri Apr 06, 2018 3:44 pm
Forum: Investing - Theory, News & General
Topic: Bill Bernstein, new podcast
Replies: 56
Views: 5874

Re: Bill Bernstein, new podcast

Some have mastered the ability to retain happiness over what they already have. I try to feel a sense of appreciation for what I have on a daily basis. Variety makes things a little less routine I try to do/be the same. I usually think I'm lucky all I need to be content is being/observing/reading/c...
by SGM
Fri Apr 06, 2018 6:33 am
Forum: Investing - Theory, News & General
Topic: Bill Bernstein, new podcast
Replies: 56
Views: 5874

Re: Bill Bernstein, new podcast

Hedonic adaptation or treadmill can be decreased by variety and appreciation. Some have mastered the ability to retain happiness over what they already have. I try to feel a sense of appreciation for what I have on a daily basis. Variety makes things a little less routine. It seems as if VictoriaF h...
by SGM
Fri Apr 06, 2018 2:25 am
Forum: Investing - Help with Personal Investments
Topic: How do Bogleheads Take Advantage of Dips When Fully Invested?
Replies: 55
Views: 7020

Re: How do Bogleheads Take Advantage of Dips When Fully Invested?

At age 29 I would be 100% in stocks and invest with every pay check and forget about it. I would spend some time increasing my human capital by additional training.
by SGM
Thu Apr 05, 2018 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: How Do You Value Your Home for Net Worth Purposes?
Replies: 150
Views: 9034

Re: How Do You Value Your Home for Net Worth Purposes?

I don't calculate net worth. I do keep track of portfolio totals. Income and expenses are more important to me than net worth. The total portfolio can vary with up and down markets. It is more important for me to have multiple sources of income. We will soon sell some non-income producing real estat...
by SGM
Thu Apr 05, 2018 10:01 am
Forum: Investing - Theory, News & General
Topic: William Bernstein: Retirement Investing and Spending in two easy steps
Replies: 77
Views: 9008

Re: William Bernstein: Retirement Investing and Spending in two easy steps

I am leaning toward a ladder of annuities (SPIAs) as opposed to a TIPs ladder for some extra liability matching. I have been delaying SS until 70 which gives me an extra 32% above my primary insurance amount (PIA). We also have farm rental income which helps in our diversification. A small pension a...
by SGM
Wed Apr 04, 2018 3:58 pm
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 258
Views: 24487

Re: Post your Financial Milestone Announcements Here

There were a few records of her class, however she did graduate as valedictorian. Her 25th reunion was the last one she went to as the retuning alumnae were told by the undergraduates to wear horse head costumes and sing the "Old Grey Mare Ain't What She Used to Be". This did not sit well with the a...
by SGM
Wed Apr 04, 2018 4:20 am
Forum: Investing - Help with Personal Investments
Topic: Annuity w guaranteed 5-6% return [payout]?
Replies: 50
Views: 4473

Re: Annuity w guaranteed 5-6% return [payout]?

Delay of SS until 70, plus a TIAA-CREF annuity, and a ladder of SPIAs is part of our retirement strategy. Currently getting 7.3% payout from T-C. We will continue to receive monthly direct deposits as we did when working. I would not buy an annuity from an advisor as it would likely be expensive wit...
by SGM
Mon Apr 02, 2018 4:23 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3502
Views: 987497

Re: What Movie Have You Recently Watched?

We dug out from an April snow and went to see Leisure Seekers. Good acting and no surprises. It hits a little close to home after losing elderly parents who needed a lot of care and were a constant worry.
by SGM
Mon Apr 02, 2018 4:19 pm
Forum: Investing - Theory, News & General
Topic: Is Lockheed Martin about to become the biggest company in history?
Replies: 66
Views: 6403

Re: Is Lockheed Martin about to become the biggest company in history?

Lockheed Martin and Northrup Grumman were my last individual stock purchases and I have taken a little profit. I am not selling anymore individual stocks with LT capital gains and am mostly in index funds. I bought based on my judgement that defense stocks were ridiculously priced a few years ago an...
by SGM
Mon Apr 02, 2018 8:30 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3502
Views: 987497

Re: What Movie Have You Recently Watched?

We just saw The Death of Stalin . It didn't live up to the reviews calling it a great comedy. There were some very funny moments. However, the cesspool made up of Stalin's closest allies was too disgusting. Krushchev seemed more civilized than I recall from the newspapers back in the 1950s, but I wa...
by SGM
Fri Mar 30, 2018 11:56 am
Forum: Investing - Theory, News & General
Topic: Vanguard in the WSJ today
Replies: 57
Views: 7615

Re: Vanguard in the WSJ today

We have had no serious problems with Vanguard. They handled a TOD very easily and professionally. Our rollovers and later conversions all went smoothly. We had 3 generations invested at Vanguard and also added a siblings family several years ago. So far the cost basis seems to not be a problem. We g...
by SGM
Fri Mar 30, 2018 8:13 am
Forum: Investing - Theory, News & General
Topic: Is backtesting worthless? Are there ANY insights you can get from it?
Replies: 69
Views: 4413

Re: Is backtesting worthless? Are there ANY insights you can get from it?

Back-testing can be used to prove anything you want to prove. Small changes in the dates or how the data is presented can change the message. I don't remember if it was a basic accounting or economy text book that had as a first assignment to check a newspaper for a graph and determine how the data ...
by SGM
Thu Mar 29, 2018 3:36 am
Forum: Investing - Help with Personal Investments
Topic: Total return vs dividends
Replies: 54
Views: 4490

Re: Total return vs dividends

My problem with dividends is that they are not as tax efficient as selling stock in taxable accounts. Taxes confer and advantage on home-made dividends, likely more than the offsetting brokerage commissions for selling stock. Many years ago it was expensive to sell stock, but not so today. Dividends...
by SGM
Wed Mar 28, 2018 8:26 pm
Forum: Local Chapters and Bogleheads Community
Topic: A lot of heavy hitters this morning
Replies: 244
Views: 17254

Re: A lot of heavy hitters this morning

An incredible amount of clothes are donated and never worn or are practically brand new. As my wife is a very active volunteer at a charity shop in an upscale neighborhood, she sees a lot of very good clothes. They cannot charge much for clothes because people change the tags. Thievery is their grea...
by SGM
Wed Mar 28, 2018 9:03 am
Forum: Personal Finance (Not Investing)
Topic: When to Take Social Security (again...)
Replies: 62
Views: 5167

Re: When to Take Social Security (again...)

Delaying SS can make one's portfolio last much longer. Had we taken SS at 62 instead of 70 we would be receiving something like $30k per year instead of over $60k per year. Logically spending from your portfolio to delay SS does not lead to running out of your portfolio sooner. A Bird in the hand ty...
by SGM
Tue Mar 27, 2018 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: When to Take Social Security (again...)
Replies: 62
Views: 5167

Re: When to Take Social Security (again...)

<snip...> My projections said that I would have enough money to make it until I turned age 103. Before anybody speaks negatively about that statement, a "senior" up the street (a Pearl Harbor survivor) celebrated his 103rd birthday last Sunday :shock: ... BTW, the first person to receive SS, Ida Ma...
by SGM
Tue Mar 27, 2018 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Power of attorney for a particular asset that supersedes power of attorney listed in will
Replies: 86
Views: 3664

Re: Power of attorney for a particular asset that supersedes power of attorney listed in will

POA designation worked out well for my parent's finances when he could no longer make his own decisions and needed assisted living. Two credit union accounts were not a problem with me and a sibling named on the accounts and checks. After parent's death the account was kept open for check writing, ...
by SGM
Tue Mar 27, 2018 11:10 am
Forum: Investing - Theory, News & General
Topic: Grok's LMP-4: The 3-legged stool approach to retirement planning
Replies: 114
Views: 7568

Re: Grok's LMP-4: The 3-legged stool approach to retirement planning

Three legged stool was a pretty adequate description for one parent who had a defined benefit plan and SS. The third leg was savings in the form of a house that had appreciated greatly in value. Another parent had real estate income, SS, a portfolio of stocks and bonds and a home. Maybe a 4 legged e...
by SGM
Tue Mar 27, 2018 4:17 am
Forum: Personal Finance (Not Investing)
Topic: When to Take Social Security (again...)
Replies: 62
Views: 5167

Re: When to Take Social Security (again...)

I had a few minutes yesterday to go to the library. I noticed in the 3/26 WSJ special section on wealth management that a study had been performed offering elderly folks $100 immediately vs. say $150 in 12 months. Most took the $100 immediately. The delay payment was the variable. The average ratio ...
by SGM
Sun Mar 25, 2018 3:35 am
Forum: Personal Finance (Not Investing)
Topic: Power of attorney for a particular asset that supersedes power of attorney listed in will
Replies: 86
Views: 3664

Re: Power of attorney for a particular asset that supersedes power of attorney listed in will

POA designation worked out well for my parent's finances when he could no longer make his own decisions and needed assisted living. Two credit union accounts were not a problem with me and a sibling named on the accounts and checks. After parent's death the account was kept open for check writing, b...
by SGM
Sat Mar 24, 2018 3:52 pm
Forum: Investing - Theory, News & General
Topic: I’m looking for a word...
Replies: 114
Views: 9240

Re: I’m looking for a word...

The Old Deuteronomy Effect. Other possibilities are the Rum Tum Tugger or Jellicle Cats phenomomena.
by SGM
Sat Mar 24, 2018 3:48 am
Forum: Investing - Help with Personal Investments
Topic: avoiding taxable interest income and dividends?
Replies: 12
Views: 1553

Re: avoiding taxable interest income and dividends?

One can decrease future taxable dividend income by converting to Roth accounts and paying the tax out of a taxable account. Savings annuities pay tax deferred interest and don't necessarily have to be annuitized. Muni bonds can decrease taxable income but are included in MAGI modified adjusted gross...
by SGM
Fri Mar 23, 2018 8:44 am
Forum: Personal Finance (Not Investing)
Topic: Losing friends/family when wealthy
Replies: 118
Views: 10222

Re: Losing friends/family when wealthy

Some might advise to send your kids to private school as it would be easier to make friends with parents who were better off. You might run into some friendly billionaires. A long time ago we rented a farm house with a long semi- circular driveway and an impressive façade and multiple outbuildings ....
by SGM
Fri Mar 23, 2018 4:53 am
Forum: Investing - Theory, News & General
Topic: Working till retirement is not a great plan
Replies: 175
Views: 13540

Re: Working till retirement is not a great plan

Observing a few older experts who are in great demand currently despite their ages is interesting. One guy is in defense and at age 71 he will continue to work for his current employer although he has no need for additional income. Another is a retired mid-sixties expert in bottling and microbiology...
by SGM
Thu Mar 22, 2018 4:59 pm
Forum: Investing - Theory, News & General
Topic: I’m looking for a word...
Replies: 114
Views: 9240

Re: I’m looking for a word...

Confounder or confounding variable.
by SGM
Thu Mar 22, 2018 4:51 am
Forum: Investing - Theory, News & General
Topic: Building a bridge to Social Security: When to start?
Replies: 34
Views: 3984

Re: Building a bridge to Social Security: When to start?

I put aside a bridge eight years prior to age 70. I continued to work and invest while working until 4 years prior to taking SS. While being retired and prior to taking SS I also converted my tax deferred accounts to Roth accounts. I didn't need to spend from this bridge account and will probably an...
by SGM
Wed Mar 21, 2018 4:08 pm
Forum: Investing - Help with Personal Investments
Topic: Immediate annuity bridge to Social Security
Replies: 10
Views: 897

Re: Immediate annuity bridge to Social Security

These short term annuities do not pay much of anything. A CD ladder would be a better deal. I do like the idea of a single premium immediate annuity for lifetime payouts, but have not yet annuitized any part of my portfolio. Eight years ago I bought a "savings annuity" through USAA. It initially pai...
by SGM
Wed Mar 21, 2018 8:10 am
Forum: Investing - Theory, News & General
Topic: Bought myself a private island
Replies: 44
Views: 8407

Re: Bought myself a private island

We have been directed by the county to clean the shower of a tenant who has lived in an apartment for 20 years without a raise in rent and for $250 per month including utilities and free use of a washing machine. Apparently the tenant has not washed his shower in all this time. I am ready to move t...