Search found 3084 matches

by SGM
Wed Apr 21, 2021 11:21 am
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 2314
Views: 274544

Re: Post your Financial Milestone Announcements Here

I have been retired 7 years. I have multiple income streams in retirement. I decided to leave more funds in my checking account rather than invest it.
The idea is to spend more. My portfolio has more than doubled since retirement.
by SGM
Fri Feb 12, 2021 5:07 am
Forum: Personal Investments
Topic: Social Security break even calculators
Replies: 49
Views: 4690

Re: Social Security break even calculators

I ignored break even analysis ad took SS at 70. Before taking SS we converted all IRAs to Roths. No RMDs are great as we don't need the income.
by SGM
Fri Jan 15, 2021 6:55 pm
Forum: Personal Consumer Issues
Topic: How to deter rodent from chewing wires in car
Replies: 50
Views: 3775

Re: How to deter rodent from chewing wires in car

I have had a problem with metal and rubber tubing containing gasoline which apparently has a sweet taste. Bounce and Irish Spring soap works.
I heard human hair clippings and urine helps.
by SGM
Sat Jan 09, 2021 9:53 am
Forum: Personal Consumer Issues
Topic: Is working overrated?
Replies: 31
Views: 1946

Re: Is working overrated?

Work was not over-rated for me. I had 3 careers and each had special rewards. I had special expertise and helped young students, an industrial company and later the elderly. i just recently donated a lot to a former prof's favorite charity. he was an inspirational and aspirational inventor and scien...
by SGM
Sun Dec 27, 2020 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: Any reason to keep bank account?
Replies: 47
Views: 3093

Re: Any reason to keep bank account?

free medallion signature
free notary
receive checks or cash from renters
safety deposit box
free senior checking
trust services
know tellers and other employees
excellent small business services
DW may use them as advisors someday
i like supporting local businesses
by SGM
Sun Dec 27, 2020 10:10 am
Forum: Personal Consumer Issues
Topic: MERRY CHRISTMAS & Happy Holidays to all: Best Holiday Gift you have ever had or given and afforded or not afforded $$$.
Replies: 44
Views: 3574

Re: MERRY CHRISTMAS & Happy Holidays to all: Best Holiday Gift you have ever had or given and afforded or not afforded $

Best gift..daughter born near Christmas 30 years ago.

alpaca poncho from the Andes warms me every winter from sil.

we buy tickets for 10 to 20 friends every year for special shows.
by SGM
Fri Dec 25, 2020 10:59 pm
Forum: US Chapters
Topic: "The Hills of Bastogne"
Replies: 93
Views: 6239

Re: "The Hills of Bastogne"

Thank you Taylor. Yours is the greatest generation.
by SGM
Mon Dec 21, 2020 10:18 am
Forum: Investing - Theory, News & General
Topic: DRIP Investing - is it worth it anymore?
Replies: 14
Views: 1880

Re: DRIP Investing - is it worth it anymore?

I had drips from 1985 and on. The costs were extremely low and some divs. were reinvested at a discount. Many had prepaid envelopes. Selling took a letter , effort and time. It helped me stay the course. I think they were great back then. Now I don't see a purpose for them. I still own some of those...
by SGM
Tue Dec 15, 2020 4:03 pm
Forum: Investing - Theory, News & General
Topic: Taylor Sends His Best to Fellow Bogleheads
Replies: 334
Views: 26751

Re: Taylor Sends His Best to Fellow Bogleheads

Dear Taylor, You have been an inspiration to so many. Your BH books have been very helpful. I am glad my brother got to meet you at a national conference. He made some very good decisions thereafter and is enjoying a successful retirement. I think your comments were very helpful for him and his wife...
by SGM
Sat Dec 05, 2020 12:05 pm
Forum: Personal Consumer Issues
Topic: Subaru Forester Limited 2021 actual price paid
Replies: 19
Views: 2823

Re: Subaru Forester Limited 2021 actual price paid

I just purchased a Forester the MSRP was 2k over the actual price.
by SGM
Wed Nov 25, 2020 11:15 am
Forum: Personal Consumer Issues
Topic: Long time retirees: any regrets?
Replies: 213
Views: 26355

Re: Long time retirees: any regrets?

No regrets about full retirement in my 7th year. I miss my patients. Sometimes I would see them at the theater or on a bus or at the Elks club, but with the covid virus I avoid going out much. I do regret the passing of long time friends and mentors. I stay in touch with people I have known since th...
by SGM
Sun Nov 15, 2020 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Wait until 70 to take social security?
Replies: 161
Views: 16050

Re: Wait until 70 to take social security?

I delayed SS until 70. Over a 6 year period I did Roth conversions. Having cost of living adjustments on a higher basis is good. DW has longevity in her family plus good health. I had the higher income . Roth conversions are very helpful as I wanted to lower taxable income and increase never taxed R...
by SGM
Tue Nov 10, 2020 10:54 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 3500
Views: 582789

Re: What are you up YTD? [Year To Date]

Up 8.8% YTD in Roth. I am retired over 6 years and a little conservative. I am up about 5% in taxable but I do mot keep close track of inputs and outputs in taxable accounts as it is rather complex. I have had better years when I took more risk. I have made relatively minor mistakes rarely. I am ver...
by SGM
Tue Oct 13, 2020 9:16 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 3500
Views: 582789

Re: What are you up YTD? [Year To Date]

Roth accounts are up 7.4% year to date. That is accurate and I haven't added anything to it as I have been retired 6 years. I have mostly stock funds and some bond funds. My taxable accounts are up around 4%, but I add and subtract for those funds regularly and don't keep tight records. I ignore re...
by SGM
Sun Oct 11, 2020 12:04 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 3500
Views: 582789

Re: What are you up YTD? [Year To Date]

Roth accounts are up 7.4% year to date. That is accurate and I haven't added anything to it as I have been retired 6 years. I have mostly stock funds and some bond funds. My taxable accounts are up around 4%, but I add and subtract for those funds regularly and don't keep tight records. I ignore rea...
by SGM
Mon Oct 05, 2020 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Help with the Math [When to take Social Security vs. Investing]
Replies: 24
Views: 2420

Re: Help with the Math [When to take Social Security vs. Investing]

I took SS at 70.In 2010 I started to make Roth Conversions. My Roth has tripled in value since I began making conversions. I compared delaying SS to safe investments and not the stock market which is risky. See Grabiners post. We now receive close $60k yearly from SS. We have no RMDs. We have plenty...
by SGM
Sat Sep 26, 2020 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Retired physicians (but others ok too. ;))
Replies: 59
Views: 6863

Re: Retired physicians (but others ok too. ;))

Retired 6 years. I keep my license,journals and society membership
I let Board certification lapse.

Until the virus I attended grand rounds at the local hospital for the presentations and seeing former colleagues.
by SGM
Mon Jul 27, 2020 9:53 am
Forum: Personal Consumer Issues
Topic: What surprised you the most once you retired?
Replies: 267
Views: 31858

Re: What surprised you the most once you retired?

I enjoyed Grand Rounds and seeing old colleagues until covid19 ended that. So many people wanted me to go back to work. How annoying having a maid come into the house once a week. It is an intrusion on privacy, but it saves a lot ofboring house work. I find somewhere else to go for several hours. I ...
by SGM
Mon Jun 15, 2020 2:58 pm
Forum: Investing - Theory, News & General
Topic: A Simple and Safe Retirement Income Strategy that beats many others
Replies: 21
Views: 6798

Re: A Simple and Safe Retirement Income Strategy that beats many others

Joe Tomlinson has a number of new studies on AdvisorPerspectives.com. He is a top notch actuary. One of his most recent papers investigated the bucket strategies. He expected it would do poorly compared to a typical strategy of stocks and bonds advocated here. He seemed to have have published less w...
by SGM
Fri Jun 12, 2020 3:02 pm
Forum: Investing - Theory, News & General
Topic: Does anybody belong to the Better Investing Club?
Replies: 13
Views: 1260

Re: Does anybody belong to the Better Investing Club?

I was a member years ago. It was a very inexpensive way to buy stock on a monthly basis. I never went to a club meeting or used their analysis tools. It was a lot more expensive to buy through a brokerage. This was before inexpensive index funds were available. I kept good records. I had winners and...
by SGM
Fri Jun 05, 2020 1:42 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 3500
Views: 582789

Re: What are you up YTD? [Year To Date]

Roth is up less than 1 percent ytd.

taxable is down 2.5 percent from a high in March, but i don't budget and keep close records of income and expenses after 6 years of retirement. i have better things to do with my free time.
by SGM
Tue Jun 02, 2020 11:22 pm
Forum: Investing - Theory, News & General
Topic: Corporate bond equity like exposure
Replies: 8
Views: 873

Re: Corporate bond equity like exposure

The Fed usually buys treasuries in financial crises and never corporate bonds until now. From May 12 to May 18 the Fed bought 3 corporate ETFs including an Ishares high dividend ETF, Vanguard Intermediate Corporate bonds ETF VCIT and Vanguard corporate short term bonds VCSH. The Fed targeted 20% of ...
by SGM
Tue May 05, 2020 8:50 am
Forum: Personal Investments
Topic: TIAA Cref Accumulation = Lifetime Income?
Replies: 27
Views: 1606

Re: TIAA Cref Accumulation = Lifetime Income?

DW spent 4 years as a professor at one university that had TIAA-CREF. After so many years she was allowed to transfer some of the TIAA to CREF. With an initial investment of $8000 over 4 years including matching by the university She now received up to $19000 yearly. Most of that is from CREF. Since...
by SGM
Sun Apr 26, 2020 9:17 am
Forum: Personal Finance (Not Investing)
Topic: Take Social Security now, at 66, during Corona-virus?
Replies: 61
Views: 5162

Re: Take Social Security now, at 66, during Corona-virus?

This was a hot topic for me when I was approaching full retirement age. I began converting traditional tax deferred accounts when it was first allowed regardless of income in 2010. Over a period of 6 or more years I converted all those traditional tax deferred accounts to Roth accounts. I paid all c...
by SGM
Mon Apr 20, 2020 8:39 am
Forum: Personal Investments
Topic: Seasoned Bogleheads; What 3 Things Have You Done Financially Related to the Economy Recently
Replies: 112
Views: 11552

Re: Seasoned Bogleheads; What 3 Things Have You Done Financially Related to the Economy Recently

Earlier I posted about not needing to use an overfunded 529 has just changed. The virus has caused one grown child to telework and have a lot of free time to think about how best to have a positive impact on people's lives . That child now wants to study for a Masters in Science in nursing. Fortunat...
by SGM
Thu Apr 16, 2020 3:40 am
Forum: Investing - Theory, News & General
Topic: Retirees: what are you doing with all the home equity?
Replies: 117
Views: 7821

Re: Retirees: what are you doing with all the home equity?

We enjoy living in our home. We paid off our mortgage a long time ago. Being debt free allowed us to invest more of my earnings early on.
by SGM
Mon Apr 13, 2020 10:11 am
Forum: Personal Investments
Topic: Seasoned Bogleheads; What 3 Things Have You Done Financially Related to the Economy Recently
Replies: 112
Views: 11552

Re: Seasoned Bogleheads; What 3 Things Have You Done Financially Related to the Economy Recently

529 is overfunded and no future need is expected. Earnings for this account are down somewhat and this would be a better time to take some out with lower taxes and penalty for non-educational use. I am sure there will be recommendations to keep the money in 529s for grand children or cousins and in ...
by SGM
Mon Mar 23, 2020 8:56 am
Forum: Personal Consumer Issues
Topic: How are you supporting your community?
Replies: 60
Views: 3412

Re: How are you supporting your community?

We hired the son of a farm employee while he is home during the virus problem. He will be cleaning an old barn. We continue to allow an essentially orphaned retarded man with suicidal tendencies and medical issues to live free in a very small apartment whenever he is let out of the hospital. When he...
by SGM
Wed Mar 18, 2020 9:51 am
Forum: Personal Investments
Topic: How much you lost/gain since Feb 20,2020 ?
Replies: 366
Views: 33072

Re: How much you lost/gain since Feb 20,2020 ?

I am down 12.5 % in my portfolio and bank accounts. I have sold very little during this time. I have regular withdrawals scheduled from a money market account for expenses. There is not much to spend the money on as all restaurants are closed except for carry out. Theaters are also all closed. Local...
by SGM
Wed Mar 18, 2020 9:39 am
Forum: Personal Consumer Issues
Topic: Dentist/Dental hygienist? (in times of COVID)
Replies: 48
Views: 4083

Re: Dentist/Dental hygienist? (in times of COVID)

I had an appointment for today, but the office is now closed for a few weeks. I may delay teeth cleaning for an indefinite period.
by SGM
Mon Mar 16, 2020 4:25 pm
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 4089
Views: 325187

Re: Coronavirus and the market

This virus is affecting my grown children. One works in a bar/restaurant and it will be closed by the state for who knows how long. The other works for a charitable organization that is temporarily closing its doors. She can work from her home and apply for future grants. Fortunately they have suffi...
by SGM
Thu Mar 12, 2020 9:22 am
Forum: Personal Investments
Topic: How many people with 7 figure portfolios are”rejoicing ?”
Replies: 169
Views: 14756

Re: How many people with 7 figure portfolios are”rejoicing ?”

The damage to the economy is far from over. No rejoicing, buying or selling. I will attend a lunch meeting of 50 people today and sit far apart from fellow attendees. Our farm renter missed a soy bean meeting. Is there anything more boring than a soy bean meeting? Two venison pepper sausage bolognas...
by SGM
Wed Feb 12, 2020 2:04 pm
Forum: Investing - Theory, News & General
Topic: Turning 62 and SS alternatives
Replies: 60
Views: 3588

Re: Turning 62 and SS alternatives

We delayed to 70. I used the time when I was retired or working part-time to convert traditional tax deferred accounts to Roth IRAs. I would have had to take RMDs this year. My Roth accounts have increased by 50% since I stopped conversions. My first RMD would have been 7.3% of the amount I had in ...
by SGM
Wed Feb 12, 2020 9:57 am
Forum: Investing - Theory, News & General
Topic: Turning 62 and SS alternatives
Replies: 60
Views: 3588

Re: Turning 62 and SS alternatives

We delayed to 70. I used the time when I was retired or working part-time to convert traditional tax deferred accounts to Roth IRAs. I would have had to take RMDs this year. My Roth accounts have increased by 50% since I stopped conversions. My first RMD would have been 7.3% of the amount I had in R...
by SGM
Fri Feb 07, 2020 2:24 am
Forum: Personal Consumer Issues
Topic: What is the best concert you ever witnessed?
Replies: 434
Views: 32302

Re: What is the best concert you ever witnessed?

At age 14 I went to the Brooklyn Fox theater to see 8-10 rock groups for a price of $2.50. The group I remember the most were the Ronettes singing "Be My Baby". Murray the K produced many good concerts at the Brooklyn Fox. The groups were all very popular in the early 1960s. Around senior ...
by SGM
Sun Feb 02, 2020 9:42 am
Forum: Personal Investments
Topic: Do you feel less willing to contribute as retirement accounts get larger?
Replies: 57
Views: 4690

Re: Do you feel less willing to contribute as retirement accounts get larger?

I was always willing to contribute to retirement accounts regardless of size. When my tax deferred accounts were large and when the laws changed in 2010 allowing Roth conversions I began to convert. I have never been eligible for a direct Roth purchase. As I was converting I continued to fund my sol...
by SGM
Wed Jan 29, 2020 3:15 am
Forum: Personal Finance (Not Investing)
Topic: Tax Questions: Selling part of my land to the county
Replies: 5
Views: 648

Re: Tax Questions: Selling part of my land to the county

We sold a portion of our farm to the state highway administration for a bypass. The offer was ridiculous. We did not pay for an assessment. Instead we looked at a recent comparable farm sale one mile away and the SHA gave us the same price per acre as the other farm. Since the SHA did not respond si...
by SGM
Tue Jan 28, 2020 3:11 pm
Forum: US Chapters
Topic: Happy Birthday Taylor! 96 years young!
Replies: 139
Views: 5063

Re: Happy Birthday Taylor! 96 years young!

Happy Birthday Taylor. Your contributions are well appreciated. Best wishes for the coming year.
by SGM
Mon Jan 27, 2020 4:58 am
Forum: US Chapters
Topic: Sad news: LadyGeek's husband has passed
Replies: 352
Views: 29212

Re: Sad news: LadyGeek's husband has passed

Condolences from me and my family. We had a similar good experience with Vanguard when I handled a parent's estate. Thank you for the work you do on this website.
by SGM
Thu Jan 16, 2020 5:20 am
Forum: Investing - Theory, News & General
Topic: When to sell my Berkshire Hathaway stock?
Replies: 29
Views: 3084

Re: When to sell my Berkshire Hathaway stock?

We sold some Berkshire back in 2010. We still hold a little. I did not want to be too concentrated in one company. Over time we have increased the amount we have in the total market fund. We have a higher tax drag from dividends now, but our portfolio is more diverse. We still have some individual s...
by SGM
Sun Jan 12, 2020 5:48 am
Forum: Personal Finance (Not Investing)
Topic: Should a 60+ y/o high earner convert to ROTH?
Replies: 11
Views: 1878

Re: Should a 60+ y/o high earner convert to ROTH?

The Secure Act repeals the age restriction on contributing to traditional IRAs. So in 2020 and later one can contribute to an IRA at any age as long as one has earnings..
by SGM
Tue Jan 07, 2020 3:56 pm
Forum: Investing - Theory, News & General
Topic: Does pulling money out because of fear make the market go down?
Replies: 79
Views: 6063

Re: Does pulling money out because of fear make the market go down?

My attitude when I was younger was that it was a good thing when the market was down. Then I was buying more shares for the same amount of dollars I invested monthly. If I sold it was to tax loss harvest and reinvest in similar but not identical funds.
by SGM
Mon Jan 06, 2020 4:33 am
Forum: Personal Finance (Not Investing)
Topic: Spreadsheets - Out of here!
Replies: 237
Views: 25240

Re: Spreadsheets - Out of here!

I have been using spreadsheets for over 40 years both at work and for personal finance. It has helped me make decisions in the past and currently. Spreadsheets continue to be a great planning tool. I also keep information on cost basis that is not available through a brokerage account. The comment a...
by SGM
Sun Jan 05, 2020 5:45 am
Forum: Personal Finance (Not Investing)
Topic: Spreadsheets - Out of here!
Replies: 237
Views: 25240

Re: Spreadsheets - Out of here!

My spreadsheets are of no help with my most difficult decision in retirement.

What color Porsche should I buy?
by SGM
Fri Jan 03, 2020 4:54 pm
Forum: Investing - Theory, News & General
Topic: Now is a good time to start tracking your net worth.
Replies: 123
Views: 11833

Re: Now is a good time to start tracking your net worth.

I have been keeping track of my various account balances for many years, but do not include the value of real estate or other physical assets. We don't budget and looking at total assets is an easy way to see if there has been an unusual change or expense. We had a lot of unusual expenses while reno...
by SGM
Wed Jan 01, 2020 9:08 pm
Forum: Investing - Theory, News & General
Topic: Why all the angst about RMDs and taxes?
Replies: 177
Views: 13457

Re: Why all the angst about RMDs and taxes?

I never felt angst about RMDs or taxes. I just planned in 2010 when Roth conversions were allowed regardless of income to start converting traditional IRAs and later 401ks to Roth IRAs over several years. Some considerations were increased taxes for a widow. Then there was the inheritance of Roth ac...
by SGM
Mon Dec 30, 2019 11:27 am
Forum: Investing - Theory, News & General
Topic: Will RMD lower your wealth
Replies: 37
Views: 5762

Re: Will RMD lower your wealth

RMDs will not lower my wealth because I began making Roth conversions in 2010 and did so yearly until after I was retired and before taking delayed SS. Part of that time I had lower earned income or no earned income. Now I have no RMDs and my Roth and taxable accounts have gone up in value considera...
by SGM
Thu Dec 26, 2019 1:03 pm
Forum: Personal Investments
Topic: Flagship Services Dissapointment !
Replies: 72
Views: 7959

Re: Flagship Services Dissapointment !

My Flagship rep disappeared one day without notice. A month or two later another Flagship representative was assigned to our accounts. I have been satisfied with the service at Vanguard.