Search found 2745 matches

by SGM
Sat Dec 08, 2018 9:50 am
Forum: Local Chapters and Bogleheads Community
Topic: December 9 DC Bogleheads Meeting with Stephen Goss, Chief Actuary of Soc Security
Replies: 23
Views: 2740

Re: December 9 DC Bogleheads Meeting with Stephen Goss, Chief Actuary of Soc Security

This looks like another great meeting you arranged Bob. Unfortunately, we have tickets for a concert and another holiday party to attend. I am looking forward to seeing the slides.
by SGM
Sat Dec 08, 2018 9:45 am
Forum: Investing - Theory, News & General
Topic: Do long-term bonds belong in one's portfolio?
Replies: 113
Views: 4744

Re: Do long-term bonds belong in one's portfolio?

I have a little in long term muni bond funds. The dividends go into my checking account. I would only sell if I could use some tax loss harvesting.
by SGM
Fri Dec 07, 2018 5:29 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3447
Views: 1021638

Re: What Book Are You Currently Reading? Part VI

Hampton Sides On Desperate Ground . This is an excellent non-fiction story about the greatest battle of the Korean War. I never realized what General MacArthur was really like. Sides brings this story to life and has done a great deal of research. It is a riveting read. The U.S. Marines first divisi...
by SGM
Fri Dec 07, 2018 4:22 am
Forum: Investing - Theory, News & General
Topic: Why Retirement Is Broken And Needs To Be Reinvented
Replies: 174
Views: 11843

Re: Why Retirement Is Broken And Needs To Be Reinvented

Financial education is important, but alone is not the answer to lack of preparation for retirement. The quality of financial education is not what it could be. The number of highly educated people who depend on "my guy" to manage their portfolios is astounding. If you consider personal finances to ...
by SGM
Thu Dec 06, 2018 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Advice on Divorce Settlement Options
Replies: 51
Views: 5986

Re: Advice on Divorce Settlement Options

Billy, I am sorry for your breakup. #cruncher helped Ed concerning the math associated with a reverse mortgage when he was in Manhattan. David Grabiner knows a lot about Maryland taxes. How about giving your wife a life estate in your house or another house and putting the deed in your child's name....
by SGM
Wed Dec 05, 2018 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: IRMAA Avoidance Strategies
Replies: 20
Views: 1664

Re: IRMAA Avoidance Strategies

My Roth conversions have lowered my MAGI. Also gifts and charitable donations have lowered my MAGI. I will probably have a larger amount in muni bond funds so that I won't be likely to sell from my stock portfolio to fund expenses and therefore decrease capital gains until some much later date. I ca...
by SGM
Sun Dec 02, 2018 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Too Much Savings Regret
Replies: 81
Views: 10904

Re: Too Much Savings Regret

Regret is a wasted emotion. I may have been happiest when we were living off one salary and saving the other. Driving older cars is no sacrifice.

My grandmother leaving her homeland and parents for America with only $50 in her pocket was a sacrifice. Four generations are thankful for her decision.
by SGM
Fri Nov 30, 2018 2:03 am
Forum: Personal Consumer Issues
Topic: How do Bogleheads justify taking vacation?
Replies: 102
Views: 4370

Re: How do Bogleheads justify taking vacation?

If you are lucky enough to have lived in Paris as a young man, then wherever you go for the rest of your life it stays with you, for Paris is a moveable feast. Ernest Hemingway I only visited Paris several times not lived there, but I do carry it with me. Learning about other cultures came naturally...
by SGM
Thu Nov 29, 2018 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: How did YOU choose your career?
Replies: 148
Views: 8497

Re: How did YOU choose your career?

I did a bunch of jobs while in school including driving a cab, painting lines on highways, loading trucks, driving trucks, warehouse work, shoveling asphalt, teaching assistant, you name it. One day after graduation a buddy called me to say he won over $10k at the track and would I want to stay in t...
by SGM
Thu Nov 29, 2018 9:17 am
Forum: Investing - Help with Personal Investments
Topic: I can't take this anymore=) I'm selling stocks and buying bonds!
Replies: 129
Views: 19726

Re: I can't take this anymore=) I'm selling stocks and buying bonds!

I pretty much ignore market news. It seems as if negative and positive news gets overblown in the financial press. Sometimes the loudest voices are absolutely wrong. I don't trust feelings of fear or elation I might have. If I get those kind of feelings it is likely that the market will change in so...
by SGM
Thu Nov 29, 2018 3:38 am
Forum: Investing - Theory, News & General
Topic: TIAA: compensation of Wealth Management Advisor
Replies: 19
Views: 1920

Re: TIAA: compensation of Wealth Management Advisor

We met only once with an advisor at TIAA. We made it clear that we were managing our own money and that we had enough. We were aware that their mutual funds had higher ERs. The information that they gave us regarding annuitizing the 403b was good and the transition went smoothly. I wasn't going to w...
by SGM
Wed Nov 28, 2018 4:48 pm
Forum: Investing - Theory, News & General
Topic: Does 100% stocks make sense for very high net worth individuals
Replies: 89
Views: 6859

Re: Does 100% stocks make sense for very high net worth individuals

Many of the high net individuals I know have some income producing real estate. I know several high net individuals who have been swindled in their old age. It doesn't matter how much you have it can still be lost. A local bank has a lot of their wealthy clients in stock and bond funds. I see a few ...
by SGM
Tue Nov 27, 2018 4:24 pm
Forum: Investing - Help with Personal Investments
Topic: Starting SS to cover Roth conversion tax
Replies: 19
Views: 1358

Re: Starting SS to cover Roth conversion tax

I would only make conversions if I could pay the taxes out of a taxable account. If you have $11K from SS you could have maybe $16k with delay until 70. There may come a time when your RMDs are quite large and your expenses decrease. At that time you could take out more than your RMDs and convert pa...
by SGM
Sat Nov 24, 2018 6:26 pm
Forum: Investing - Theory, News & General
Topic: What is your allocation to U.S. and International?
Replies: 119
Views: 7035

Re: What is your allocation to U.S. and International?

I have only about 10% of my stock allocation in international. I have listened to Jack discuss this issue many times. It doesn't bother me that I don't have the whole haystack. After having been 100% stock in most of the accumulation stage I now am about 60/40 stock to bond. My portfolio supplements...
by SGM
Thu Nov 22, 2018 8:37 am
Forum: Investing - Theory, News & General
Topic: Do you need to invest mostly in stocks to get rich?
Replies: 178
Views: 16970

Re: Do you need to invest mostly in stocks to get rich?

I was 100% in stocks for a long time while accumulating. Luckily the results have been good. I also invested in my own skills and greatly increased my income. Vagaries of the stock market did not bother me, as I continued to invest in bear markets. I don't spend a lot of time rethinking what I have ...
by SGM
Tue Nov 20, 2018 2:25 am
Forum: Investing - Help with Personal Investments
Topic: Current Retirees: Do you touch your principal?
Replies: 79
Views: 8225

Re: Current Retirees: Do you touch your principal?

The portfolio has increased since I fully retired over 4 years ago. All dividends and interest from taxable accounts goes into personal checking and is either spent or reallocated in the taxable portfolio. I have no problem selling stock or stock funds. This year we have large expenses fixing up a h...
by SGM
Sat Nov 17, 2018 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Using SSN for Solo 401K vs EIN for 5500-EZ?
Replies: 2
Views: 303

Re: Using SSN for Solo 401K vs EIN for 5500-EZ?

I would use an EIN to protect your SSN from the public. You don't need to file a 5500EZ until you reach a minimum amount in your solo 401k. It has been a while since I retired, but at one time the limit was $250k. I was unaware of the requirement early on and wrote a letter of explanation to the IRS...
by SGM
Sat Nov 17, 2018 4:54 am
Forum: Personal Finance (Not Investing)
Topic: Why I plan on buying a life annuity - even if it is a stupid idea
Replies: 117
Views: 10729

Re: Why I plan on buying a life annuity - even if it is a stupid idea

I am planning on buying a ladder of SPIAs. Interesting. Could you explain the rationale further (re: ladder of SPIAs); thanks. I might buy several individual SPIAs from 3 to 5 years apart. Probably these would be bought by cashing in some bond funds. The projected payout of principal and interest m...
by SGM
Sat Nov 17, 2018 4:30 am
Forum: Personal Finance (Not Investing)
Topic: [Financial] Habits of the Rich
Replies: 222
Views: 29198

Re: [Financial] Habits of the Rich

A certain two billionaire would come to high school football games and attend the big tail gate parties given by the school. After his divorce he became a billionaire. :oops:
by SGM
Fri Nov 16, 2018 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Why I plan on buying a life annuity - even if it is a stupid idea
Replies: 117
Views: 10729

Re: Why I plan on buying a life annuity - even if it is a stupid idea

I do think that SPIAs are more secure than a large portfolio. The Uncle Phan in the HumbleDollar article gave money away, He took a lump sum instead of a pension and blew it. He moved into a shack. The father of the author had the same option and took an annuity instead of the lump sum. He had a con...
by SGM
Fri Nov 16, 2018 10:44 am
Forum: Personal Finance (Not Investing)
Topic: [Financial] Habits of the Rich
Replies: 222
Views: 29198

Re: [Financial] Habits of the Rich

I am comfortable. My definition of rich is being able to own a string of polo ponies and spending the winter in Argentina playing polo. :wink: I have never spent to impress anyone. Early on I was lucky in the real estate market and in a few investments. It was important to me to stay out of debt as ...
by SGM
Thu Nov 15, 2018 5:36 pm
Forum: Investing - Theory, News & General
Topic: Can someone explain specifically how the "bucket" approach to retirement withdrawals is supposed to work?
Replies: 75
Views: 5064

Re: Can someone explain specifically how the "bucket" approach to retirement withdrawals is supposed to work?

I looked at bucket strategies and felt they added complication without much benefit. I have a variety of stock, cash and bonds and income streams in retirement. I don't keep an emergency fund. I read Ray Lucia's thoughts on buckets and later Christine Benz. While delaying SS from 66 until 70 I had a...
by SGM
Mon Nov 12, 2018 1:24 pm
Forum: Investing - Help with Personal Investments
Topic: Creating a Bridge to Social Security
Replies: 11
Views: 908

Re: Creating a Bridge to Social Security

I put four years expenses into a 7 year savings annuity paying tax deferred interest. Initially it was paying 4% and now down to 3.2%. After the first year I could take 10% per year out without penalty. After the 7th year I could take any amount out of it. Fortunately I didn't need it as other incom...
by SGM
Mon Nov 12, 2018 1:16 pm
Forum: Investing - Theory, News & General
Topic: Diversification Regret
Replies: 114
Views: 13474

Re: Diversification Regret

I think I am fairly well diversified. My portfolio isn't perfect, but it has done well over the long term. Like a lot of long time investors I still have a few individual stocks. Large capital gains make it difficult to sell all of them. At some point when you get older you consider that an heir wil...
by SGM
Mon Nov 12, 2018 4:26 am
Forum: Investing - Theory, News & General
Topic: What's Your Fixed Income Strategy?
Replies: 89
Views: 8757

Re: What's Your Fixed Income Strategy?

My philosophy changed between accumulation and retirement. During accumulation I was nearly always completely invested 100% in stocks. I never sold in a down market and continued to invest regularly in a down market. Fortunately the market always bounced back during the last 40 years and this turned...
by SGM
Sun Nov 11, 2018 4:37 am
Forum: Personal Finance (Not Investing)
Topic: If expenses are low, are some of us over saving?
Replies: 120
Views: 11937

Re: If expenses are low, are some of us over saving?

We went out every weekend when we were first married and both working. We lived off of one paycheck and invested the other. We bought a nice affordable house although we could have bought a bigger house higher up in the hills. It seemed foolish to overextend ourselves with a larger mortgage. The onl...
by SGM
Sat Nov 10, 2018 9:44 am
Forum: Investing - Help with Personal Investments
Topic: Roth vs traditional for lower income maid
Replies: 8
Views: 765

Re: Roth vs traditional for lower income maid

Thanks for the replies. I don't know how much they work with their friend who does their taxes or how knowledgeable that person is. I don't want to get into their personal business. I do know that for 25 years they sent money back to Peru to help their family. Now the wife is considered evil because...
by SGM
Sat Nov 10, 2018 9:32 am
Forum: Personal Consumer Issues
Topic: Favorite "free stuff"?
Replies: 137
Views: 10878

Re: Favorite "free stuff"?

I get a lot of free food including blue claw crabs, oysters, shrimp, apples, corn, rock fish (striped bass),and venison. I also get about 20 free meals a year at a bbq joint. Free lunches at hospital Grand Rounds with free continuing medical education up to twice a month with good conversation with ...
by SGM
Fri Nov 09, 2018 12:31 pm
Forum: Investing - Help with Personal Investments
Topic: Roth vs traditional for lower income maid
Replies: 8
Views: 765

Roth vs traditional for lower income maid

I was discussing retirement with our maid who is in her 60s. She and her husband have never heard of IRAs. They are fairly recent legal immigrants. They have no retirement accounts or 401ks. I discussed the advantages of traditional IRAs and Roth IRAs and referred them to Vanguard. The husband will ...
by SGM
Fri Nov 09, 2018 5:08 am
Forum: Personal Finance (Not Investing)
Topic: Inherited ~200k cash. 27-28y/o. Want to go to grad school/medical school. Want to invest in real estate right now.
Replies: 19
Views: 2423

Re: Inherited ~200k cash. 27-28y/o. Want to go to grad school/medical school. Want to invest in real estate right now.

It is not too late to get both degrees although some BHs may discourage you. Residential real estate is a bit of a burden while studying. I recently found out that my masters thesis completed almost 40 years ago was included in "Retrospective Theses and Dissertations" by the official "Stars" adminis...
by SGM
Thu Nov 08, 2018 4:10 am
Forum: Investing - Help with Personal Investments
Topic: Take SS or do Roth conversion
Replies: 8
Views: 1321

Re: Take SS or do Roth conversion

A widow can pay more taxes than a couple even if the income goes down after one spouse dies. This argues for more conversions. We will be living off taxable accounts and other income streams for a very long time given projected longevity. I am certain that RMDs would push us up into the next higher ...
by SGM
Tue Nov 06, 2018 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: How much money are you leaving your kids after you die?
Replies: 234
Views: 15004

Re: How much money are you leaving your kids after you die?

I have been contributing to Roth IRAs for my children since they had their first summer jobs. I continue to contribute while they have full time jobs and act responsibly. One came to a national BH meeting and seemed to learn a lot about the BH ways.
by SGM
Tue Nov 06, 2018 4:05 am
Forum: Personal Finance (Not Investing)
Topic: Income in retirement?
Replies: 14
Views: 1965

Re: Income in retirement?

I have a friend who sells covered calls. It seems like a lot of work which would increase taxes for me which are already large. There is the possibility of losing some potential capital gains by selling covered calls. Getting 4-6% dividends would be a risky proposition in terms of decreasing diversi...
by SGM
Mon Nov 05, 2018 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?
Replies: 180
Views: 11170

Re: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?

The key for me to become financially independent was to increase my skills and invest in my human capital as well as in the stock market. For my father he became financially independent by working in an up and coming industry and leaving a dying industry. I don't think being in a HCOL or LCOL had th...
by SGM
Wed Oct 31, 2018 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: If On Medicare Before SS, How Do You Pay?
Replies: 40
Views: 3191

Re: If On Medicare Before SS, How Do You Pay?

Initially I paid by check then credit card. Later I allowed Medicare to bill directly and automatically out of my checking account. I had read somewhere that missing Medicare payments could jeopardize my delayed SS payments So I made the payment automatic and always had enough in my checking account...
by SGM
Wed Oct 31, 2018 3:47 am
Forum: Personal Consumer Issues
Topic: Do you meditate?
Replies: 142
Views: 14805

Re: Do you meditate?

I learned relaxation techniques 40 years ago when my then employer brought in a psychology professor for a several hour session on type A behavior and the need for relaxation. The relaxation technique was very effective for the attendees. The technique involved tensing and relaxing individual muscle...
by SGM
Mon Oct 29, 2018 8:53 am
Forum: Investing - Help with Personal Investments
Topic: Help! For a larger size taxable account do I pay an advisor?
Replies: 51
Views: 4096

Re: Help! For a larger size taxable account do I pay an advisor?

The question as I see it is should you flip a coin or pay an advisor to flip a coin. Don't waste your money on an expensive advisor. Own the whole market.
by SGM
Sat Oct 27, 2018 5:37 pm
Forum: Investing - Theory, News & General
Topic: Why I'm 100% stocks
Replies: 149
Views: 17389

Re: Why I'm 100% stocks

Why did you choose the number "100%?" Why are you convinced that a little leverage, 120% stocks, say, would not be better yet? What parts of your argument do not apply to the situation of 120% stocks? Capital call risk. Margin rate risk. Opportunity risk. Return sequence risk. Leverage endangers th...
by SGM
Thu Oct 25, 2018 3:49 am
Forum: Personal Finance (Not Investing)
Topic: Retirees: What keeps you up at night?
Replies: 56
Views: 6138

Re: Retirees: What keeps you up at night?

I don't worry about what I cannot change. Finances are in order and I keep active.

Having grown up in New York I cannot root for the Dodgers who abandoned their fans.
by SGM
Tue Oct 16, 2018 4:07 pm
Forum: Investing - Theory, News & General
Topic: Sears, a 125 year old company is now a penny stock.
Replies: 127
Views: 15547

Re: Sears, a 125 year old company is now a penny stock.

A friend bought a Sears house in Flatbush, Brooklyn within walking distance of a subway station. The house is now worth more than the houses in upscale Scarsdale, NY. A college buddy nicknamed Jimbo came back to campus with a Sears credit card with the name Jim Bo on it. About 40 years ago Sears had...
by SGM
Sun Oct 14, 2018 9:43 am
Forum: Investing - Help with Personal Investments
Topic: Have you annuitized some of your money?
Replies: 67
Views: 5880

Re: Have you annuitized some of your money?

I took a company pension that is basically an SPIA. DW annuitized her TIAA-CREF 403b. The TIAA-CREF annuity is the only variable annuity I would buy. It is very low cost and the payout can go up or down, but historically has gone up. We both delayed SS until 70 while using the file and suspend with ...
by SGM
Wed Oct 10, 2018 4:18 pm
Forum: Investing - Theory, News & General
Topic: Allan Roth doesn't like single premium annuities
Replies: 198
Views: 11049

Re: Allan Roth doesn't like single premium annuities

There are better ways of addressing longevity risk. You hinted at this in your article but never addressed the "better ways." Could you let us in on what those better ways are? By the way, thanks much for contributing to this thread. You aren't being dumped on, this is a tough crowd. Just ask Larry...
by SGM
Mon Oct 08, 2018 11:00 am
Forum: Investing - Theory, News & General
Topic: What part of your investment philosophy was "Inspired by Jack Bogle"?
Replies: 27
Views: 1197

Re: What part of your investment philosophy was "Inspired by Jack Bogle"?

Jack Bogle's unselfishness and dedication to the cause of lowering costs for the average investor is inspirational.
by SGM
Mon Oct 08, 2018 5:08 am
Forum: Investing - Theory, News & General
Topic: Allan Roth doesn't like single premium annuities
Replies: 198
Views: 11049

Re: Alan Roth doesn't like single premium annuities

I have read that the correlation between bonds and stocks have been 59% or 0.59 over the long term. If the correlation increases then retiree portfolios will not have as much safety built in by having a higher amount of bonds. In such a scenario more portfolios will fail. Good luck in a downturn if ...
by SGM
Sun Oct 07, 2018 8:31 am
Forum: Investing - Theory, News & General
Topic: “It’s probably wise to sell to the sleeping point.” - Jack Bogle
Replies: 83
Views: 11824

Re: “It’s probably wise to sell to the sleeping point.” - Jack Bogle

Jack didn't have much to say about the risk of sequence of returns when questioned at the Philadelphia meeting. For Jack sequence of returns would be of little consequence. For most retirees sequence of returns is important. 1966 was the worst year to retire in recent years with data. The average re...
by SGM
Sat Oct 06, 2018 9:08 am
Forum: Investing - Theory, News & General
Topic: Allan Roth doesn't like single premium annuities
Replies: 198
Views: 11049

Re: Alan Roth doesn't like single premium annuities

I think a ladder of SPIAs will be a helpful addition to our retirement. I completely understand the inflation downside and that early on it is a return of principal. Having a large portfolio is helpful, but having multiple income streams will allow us to take out less from our portfolio. Also income...
by SGM
Tue Oct 02, 2018 4:19 am
Forum: Investing - Theory, News & General
Topic: Thoughts on investing for dividends? Website DRIP?
Replies: 7
Views: 807

Re: Thoughts on investing for dividends? Website DRIP?

I had been a DRIP investor for a long time in my taxable account. I kept track of my investments by keeping the yearly summary statement for each stock. Fees have become higher than when I originally invested. Computershare raised fees on reinvested dividends as I recall. A few individual companies ...
by SGM
Mon Oct 01, 2018 1:27 am
Forum: Personal Finance (Not Investing)
Topic: Why is Home Part of NW [Net Worth]
Replies: 98
Views: 6882

Re: Why is Home Part of NW [Net Worth]

Around 2008 it was difficult to sell homes even in high cost of living areas such as D.C. This hit nursing homes in the area. Many beds remained open because many of the elderly could not sell their homes. At that time many nursing homes decreased the number of nursing home beds permanently and incr...
by SGM
Fri Sep 28, 2018 9:28 am
Forum: Investing - Help with Personal Investments
Topic: Treasury Direct has awesome phone support! Thanks!
Replies: 21
Views: 1893

Re: Treasury Direct has awesome phone support! Thanks!

I don't mind the website and I have occasionally hit the back arrow on my computer unthinkingly. Maybe I am feeling my age, but I decided to empty my Treasury Direct account because of the problem of heirs obtaining the bonds that are held electronically. I have a few paper I-bonds in a safety depos...
by SGM
Fri Sep 28, 2018 1:44 am
Forum: Investing - Theory, News & General
Topic: Digging deeper on advisability of Roth Conversions
Replies: 37
Views: 3325

Re: Digging deeper on advisability of Roth Conversions

I did continue to contribute to a tax deferred solo 401k while doing conversions when I started to work part time prior to transitioning into full retirement. I finished complete conversions of all my tax deferred accounts to Roth accounts occurred over several years before I started delayed SS and ...