Search found 239 matches

by Lancelot
Sun Nov 25, 2018 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security questions, please help!
Replies: 21
Views: 3248

Re: Social Security questions, please help!

By deferring benefits this long I can see the merits of claiming benefits now or deferring the additional few months. When I step back and look at the big picture it's really not that big of a deal. I agree. You are at a sweet spot that either decision is probably OK. About the six months retroacti...
by Lancelot
Sat Nov 24, 2018 1:37 am
Forum: Personal Finance (Not Investing)
Topic: Social Security questions, please help!
Replies: 21
Views: 3248

Re: Social Security questions, please help!

If that's the case I would only be giving up two-to-three percentage points, which I think is a small price to pay given the certainty of actually receiving those three or four additional monthly checks... It's a huge price for your spouse to pay. When you do pass your survivor will get a 3% (or pr...
by Lancelot
Thu Nov 22, 2018 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security questions, please help!
Replies: 21
Views: 3248

Re: Social Security questions, please help!

Sorry for your health issues. With respect to Survivor's Benefits, my understanding is that your spouse will receive the amount of your benefit, including accrued Delayed Benefits In other words: 1 Spousal Benefits while you are living will not exceed 50% of your FRA benefit 2 Survivors Benefits wil...
by Lancelot
Mon Nov 05, 2018 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block 2018 Tax Software Deluxe $18.00 - Black Friday sale
Replies: 257
Views: 18390

Re: H&R Block 2018 Tax Software Deluxe Federal + State $29.95

I was lucky last year and purchased the $9.95 Deluxe version, from a heads up on this forum. I did not receive the target email, so I'll wait for another offer to come :sharebeer
by Lancelot
Sat Nov 03, 2018 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: Applying for Social Security Online
Replies: 44
Views: 5196

Re: Applying for Social Security Online

I filed online for Divorced Spousal Benefits this past September. About 30 days after my application was accepted, I received a letter stating that my claim was approved and I would receive a "formal decision letter" on the month I am eligible. However, my application status online still shows "pend...
by Lancelot
Sun Oct 28, 2018 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: If On Medicare Before SS, How Do You Pay?
Replies: 40
Views: 3195

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

I'm abroad so I paid with Schwab Bill Pay. If I were in the US, I would have returned the invoice by snail mail and payed with a credit card. Air line miles, yeah!
by Lancelot
Sat Oct 27, 2018 2:11 am
Forum: Personal Finance (Not Investing)
Topic: Things to consider when relocating from Boston to Toronto
Replies: 28
Views: 2572

Re: Things to consider when relocating from Boston to Toronto

Starfish wrote:
Fri Oct 26, 2018 10:17 pm
Valuethinker wrote:
Fri Oct 26, 2018 4:04 am
Couple of points: 1. Canadians think Americans talk too loudly
And who doesn't? :D
Have you met any mainland Chinese tourists? :D
by Lancelot
Sat Oct 27, 2018 1:52 am
Forum: Personal Finance (Not Investing)
Topic: Car hit while parked, no note, just want damages as cash from insurance
Replies: 18
Views: 2933

Re: Car hit while parked, no note, just want damages as cash from insurance

White Coat Investor wrote:
Fri Oct 26, 2018 7:26 pm
Yea, just tell the insurance company. No biggie.
Years ago my ex hit a deer. The car was old so we asked for a check in lieu of repair; the insurance company balked but eventually settled for less than the cost of repair. Not disputing WC, just sharing my personal experience FWIW.
by Lancelot
Sat Oct 27, 2018 1:01 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 493
Views: 49576

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

I'm an Ally customer with a CD on deposit. I tried to add a savings account to my existing account but was rejected because Ally requires a utility bill to verify a physical address. Since I'm a perpetual traveler I don't have any utility bills in the US, but the Patriot Act has essentially blocked...
by Lancelot
Fri Oct 26, 2018 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 493
Views: 49576

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

I'm an Ally customer with a CD on deposit. I tried to add a savings account to my existing account but was rejected because Ally requires a utility bill to verify a physical address. Since I'm a perpetual traveler I don't have any utility bills in the US, but the Patriot Act has essentially blocked ...
by Lancelot
Fri Oct 26, 2018 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: Things to consider when relocating from Boston to Toronto
Replies: 28
Views: 2572

Re: Things to consider when relocating from Boston to Toronto

If you are a US citizen, the Patriot Act can wreak havoc with opening new banking accounts. I was denied the Ally Bank 1% bonus for transferring new funds (to Ally.) Even though I already had an Ally account with a CD on deposit, I was denied when I attempted to add an online savings account so I co...
by Lancelot
Thu Oct 25, 2018 3:07 am
Forum: Personal Finance (Not Investing)
Topic: Buying an apartment in China
Replies: 14
Views: 1627

Re: Buying an apartment in China

I've lived (mostly) in Asia since 2002; I can't speak about China but I'm living in the Philippines now and I would not consider buying. Rent is cheap and my perception of the legal system here is that it is inefficient... to be diplomatic :) Other than Singapore, Australia or New Zealand I would no...
by Lancelot
Wed Oct 24, 2018 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: Phone calls from Social Security
Replies: 10
Views: 1533

Re: Phone calls from Social Security

I recently applied for SS Divorced Spousal benefits, but the call I received was initiated by my reply to a SS rep advising me that I needed to send some paper documents for my application. I replied stating that I would call her during business hours and she immediately replied, "I'm still here, ca...
by Lancelot
Wed Oct 24, 2018 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security maximize plan for parents
Replies: 6
Views: 683

Re: Social Security maximize plan for parents

I think it makes a lot of sense to consider longevity, inflation and potential poor market returns. And I think for most folks it makes sense to delay. I agree, I think the recent fantastic market run up has persuaded folks to take the money early "get 10%+ returns by investing my social security."...
by Lancelot
Wed Oct 24, 2018 1:59 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 493
Views: 49576

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

I have a one year CD with Ally, so I thought opening a savings account would be a cinch. Na, they wanted address verification, lol. That's after I verified two trial deposits to link my Vanguard Prime MM to Ally to fund the account. Zheesh! :D
by Lancelot
Tue Oct 23, 2018 11:47 pm
Forum: Investing - Theory, News & General
Topic: 'Smart money' bailing on the market, time to get out?
Replies: 92
Views: 12369

Re: 'Smart money' bailing on the market, time to get out?

On Varney last week (I think) different than the link quoted, Stockman was called out by Liz McDonald. He wouldn't say exactly when he got out of stocks, but that he hasn't been in stocks for "years". Kind of reminds me of that guy David Tice and Peter Schiff that are almost always bears. Yeah even...
by Lancelot
Tue Oct 23, 2018 10:03 pm
Forum: Investing - Theory, News & General
Topic: 'Smart money' bailing on the market, time to get out?
Replies: 92
Views: 12369

Re: 'Smart money' bailing on the market, time to get out?

Didn't Mr. Bogle himself just say in his latest interview that it might be worth reducing your equities position by around 10%? He is definitly smart money :wink: From memory, I recall reading a passage similar to your quote in one of Bogle's books; however, he preferenced it with "if you are tempt...
by Lancelot
Tue Oct 23, 2018 9:47 pm
Forum: Investing - Theory, News & General
Topic: 'Smart money' bailing on the market, time to get out?
Replies: 92
Views: 12369

Re: 'Smart money' bailing on the market, time to get out?

Didn't Mr. Bogle himself just say in his latest interview that it might be worth reducing your equities position by around 10%? He is definitly smart money :wink: From memory, I recall reading a passage similar to your quote in one of Bogle's books; however, he preferenced it with "if you are tempt...
by Lancelot
Tue Oct 23, 2018 9:29 pm
Forum: Investing - Help with Personal Investments
Topic: Timing the market - Some say it’s possible?
Replies: 44
Views: 2804

Re: Timing the market - Some say it’s possible?

Sure. Timing the market is theoretically possible. So is climbing Mount Everest. But I don't know anyone who has done either successfully. Timing the market reliably and repeatably is a whole order of magnitude harder. I agree. And you have to be right twice; when to get out and when to get back in...
by Lancelot
Sun Oct 21, 2018 7:59 pm
Forum: Investing - Theory, News & General
Topic: PhysicianOnFire blog: "Tax Loss Harvesting with Vanguard: A Step by Step Guide"
Replies: 82
Views: 9390

Re: PhysicianOnFire blog: "Tax Loss Harvesting with Vanguard: A Step by Step Guide"

Great article, thanks for sharing. I never thought about automatic dividend reinvestment screwing up a tax loss sale :oops:
by Lancelot
Fri Oct 19, 2018 2:38 am
Forum: Personal Finance (Not Investing)
Topic: Retired applying for credit cards
Replies: 22
Views: 2143

Re: Retired applying for credit cards

I've been retired since 2004 and have churned many cc for airline miles. I enter a modest amount for income and remember to use the same or slightly higher number for subsequent applications. I have never been denied a new air line co branded card; I was denied for an Amazon card. The only reason th...
by Lancelot
Thu Oct 04, 2018 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: Sold Home - 2 days after buyer claims they found an issue with A/C
Replies: 119
Views: 12052

Re: Sold Home - 2 days after buyer claims they found an issue with A/C

Are we liable for anything? Am letting my broker do all the talking for now but buyer has threatened to take us to civil court. Unless you knew the A/C was defective and concealed your knowledge, you are not liable for anything. I agree. I sold a house in the early 90s and state law at the time req...
by Lancelot
Mon Sep 24, 2018 11:52 pm
Forum: Investing - Help with Personal Investments
Topic: Where to invest cash in IRA
Replies: 8
Views: 757

Re: Where to invest cash in IRA

The Vanguard Prime Money Market Fund is currently paying 2.11%. I would imagine other mutual fund company MM funds are probably paying 1.8%-2.0%; my guess only. With speculation that the Fed will raise interest rates 2-4 times over the next 12 months, it would be prudent to have this money, that yo...
by Lancelot
Mon Sep 24, 2018 2:41 am
Forum: Personal Finance (Not Investing)
Topic: Medical Bill and Credit Card
Replies: 5
Views: 703

Re: Medical Bill and Credit Card

Thanks for the info. Good idea to split the expenses on multiple cards. I'll check to see if they will allow that. Already asked for a discount if paid in cash, but they said no. I'm actually a physician that admits patients to this hospital and there is no discount for that either. I think I would...
by Lancelot
Sun Sep 23, 2018 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Care About My Credit Score if Debt Free?
Replies: 34
Views: 2617

Re: Should I Care About My Credit Score if Debt Free?

I churn credit cards to maximize (mostly) free air fare travel with rewards credit cards, so yes, I have an interest in keeping my score high. It probably is also helpful in scoring bank sign up bonuses.
by Lancelot
Sun Sep 23, 2018 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 115
Views: 9593

Re: Delaying Social Security Until 70

I submitted the following statement in the comment section with my application. I cannot recall where I had seen this statement before. Maybe it is on the wiki but I am too busy to look it up. "I wish to receive my maximum benefit, including all delayed retirement credits to age 70. I do not wish t...
by Lancelot
Sun Sep 23, 2018 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: Delaying SS? How Long It Will Take for It to Pay Off?
Replies: 53
Views: 5342

Re: Delaying SS? How Long It Will Take for It to Pay Off?

Breakevens depends on what rates you use. Personally, I see delaying SS simply as longevity insurance. The only reasons I would it take earlier than 70 is if I thought I would die earlier than average or if I needed the money before 70. I'm with you, SS is my "pension" complete with COLA. I view SS...
by Lancelot
Wed Sep 19, 2018 7:53 am
Forum: Personal Finance (Not Investing)
Topic: A Frustration w/ Ally Bank, Trust Account, and Paperless Statements
Replies: 28
Views: 2219

Re: A Frustration w/ Ally Bank, Trust Account, and Paperless Statements

The alternative is to go above everyone's head and write to the CEO. They will not read your letter, of course. But whoever reads mail for the CEO will know where to send the issue within the Ally system. I agree. I have done this a few times, with very satifactory results. Yes the CEO will not per...
by Lancelot
Sun Jul 22, 2018 10:09 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle's answer to the question: Let’s hear your quick advice for a primer on personal finances.
Replies: 11
Views: 2653

Re: Jack Bogle's answer to the question: Let’s hear your quick advice for a primer on personal finances.

BOGLE : No. Let me be honest. It’s not easy for me. When we get one of these 50 percent declines, I’ve faced three of them in my career. It’s not fun. I get a knot in my stomach. A lifetime of experience, 65 years of experience in this field, has taught me that emotions are evil and therefore you r...
by Lancelot
Sun Jul 01, 2018 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Does It Make Sense to Wait to Claim SocSec?
Replies: 62
Views: 7246

Re: Does It Make Sense to Wait to Claim SocSec?

To the OP, here is a link advocating that working a mere three to six months longer has the same impact as saving an additional 1% of your salary for 30 years. (Author's words) https://www.cnbc.com/2018/06/22/forget-saving-more-try-working-longer.html Even short delays in SS can provide a nice incre...
by Lancelot
Wed Jun 27, 2018 1:52 am
Forum: Investing - Theory, News & General
Topic: Is day trading profitable?
Replies: 36
Views: 3418

Re: Is day trading profitable?

Is day trading profitable? It can be. Is professional poker playing profitable? It can be. Golf? Bowling? House Flipping? Antiquating? etc. It can be but odds are very much against it. It is a job which requires dedication, skill, and some luck in a very competitive field. I agree Most successful i...
by Lancelot
Tue Jun 19, 2018 1:35 am
Forum: Personal Finance (Not Investing)
Topic: Coming back to US: state residency for 2018 (OH, NJ, both?)
Replies: 5
Views: 757

Re: Coming back to US: state residency for 2018 (OH, NJ, both?)

I've lived abroad since 2002; I had lived in the Midwest but used me parents address to file my federal return. Big mistake because NC state tax department sent me a bill. I spoke with a revenue agent and explained that had never resided in NC and was only visiting family. He asked where I would res...
by Lancelot
Mon Jun 18, 2018 11:38 pm
Forum: Investing - Theory, News & General
Topic: Interesting video from Ramsey today [How Ramsey Outperforms The Stock Market]
Replies: 134
Views: 12763

Re: Interesting video from Ramsey today [How Ramsey Outperforms The Stock Market]

Except that the American Funds that he recommends have done quite well even after paying the loads. Once again, "When" he made the recommendation is critical. 1,Did he recommend them many,many years ago when their performance history was not great and then they became great? 2. Or, is he recommendi...
by Lancelot
Sun Jun 17, 2018 11:28 pm
Forum: Investing - Theory, News & General
Topic: Interesting video from Ramsey today [How Ramsey Outperforms The Stock Market]
Replies: 134
Views: 12763

Re: Interesting video from Ramsey today

I like the bit between 4:32 - 4:46 :D He sounds like a bully during the first part starting around 4:30. Yes Dave often gets on a "frikin" cycle; I think he can't help himself or perhaps it's his showman ship comming out. I prefer Buffetts gentlemanly message to Dave's truculent rants :D In the vid...
by Lancelot
Thu Jun 14, 2018 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 198
Views: 17758

Re: Stats on When People Take Social Security

Its not just that most people dont understand it.. The vast majority of the population has no other savings and if they are not still working full time, HAVE to take it early to survive. Both my and my wife's parents all took it early, in spite of my many attempts to explain to them why it was bene...
by Lancelot
Tue May 29, 2018 11:24 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Total Stock Market Index vs 500 Index
Replies: 18
Views: 5090

Re: Vanguard Total Stock Market Index vs 500 Index

In case you weren't aware, the 500 Index composes about 80% of the total stock market index. By going with the total market, you'll get exposure to the smaller companies, which could be nice. That is why I am invested in Total Market, for the small cap exposure. Having said that, I think both funds...
by Lancelot
Sat May 05, 2018 4:05 am
Forum: Personal Finance (Not Investing)
Topic: Does it make sense to rent as a retiree?
Replies: 83
Views: 9775

Re: Does it make sense to rent as a retiree?

I was committed to owning- until I retired early and started traveling. After discovering how much free time renting provides me by not maintaining a home, I can't see myself ever owning a home again. But maybe if I got a super deal :sharebeer
by Lancelot
Mon Apr 30, 2018 1:06 am
Forum: Investing - Theory, News & General
Topic: An Article Claiming Vanguard Will Be Responsible For The Next Bear Market
Replies: 29
Views: 5123

Re: An Article Claiming Vanguard Will Be Responsible For The Next Bear Market

Interesting article; I noticed that the author echoed his support for low cost fees. Nice to hear from a hedge fund guy :sharebeer Since 2009 the market has enjoyed a nice run and yeah eventually the party will end, convincing many investors that stocks are bad and selling will ensue. But I have fai...
by Lancelot
Sat Mar 03, 2018 3:53 am
Forum: Investing - Theory, News & General
Topic: Harvard blows $1Billion picking stocks, averaged 4.4% returns over last decade
Replies: 79
Views: 11071

Re: Harvard blows $1Billion picking stocks, averaged 4.4% returns over last decade

eye.surgeon wrote:
Fri Mar 02, 2018 12:35 am
Their 4.4% return over the last decade makes me look like a financial genius. The S&P return over the same time period was 9.8%. They could have invested in a single S&P index fund
Might be difficult to justify their salaries investing in an index fund :sharebeer
by Lancelot
Sat Feb 24, 2018 6:59 pm
Forum: Personal Consumer Issues
Topic: Expat Living
Replies: 58
Views: 7407

Re: Expat Living

I've retired early and have lives outside the US since 2001. I lived in Thailand for 10 years but my epiphany came when my motorcycle was stolen, I had the thieves faces on a security video but the cops laughed at me. They didn't bother to check the crime scene and didn't even want to write a repor...
by Lancelot
Thu Feb 15, 2018 10:03 pm
Forum: Investing - Theory, News & General
Topic: Morningstar's SWR study
Replies: 44
Views: 4157

Re: Morningstar's SWR study

Others have analyzed the data and found that for a global portfolio with no home country tilt, the SWR has been around 3.5%. However, Tyler at Portfolio Charts has outlined that there are some sound reasons for tilting one's portfolio toward one's home country, namely due to stock returns being ine...
by Lancelot
Thu Feb 15, 2018 9:12 pm
Forum: Investing - Theory, News & General
Topic: Are ETFs Safe?
Replies: 11
Views: 1103

Re: Are ETFs Safe?

I'm a creature of habit and mostly use plain old Vanguard mutual funds since I rarely trade. I did liquidate my Vanguard Health care (Managed) during the recent market run up and will DCA back into VHT, using limit orders, and enjoy a 27BP reduction in fees. Many Vanguard ETFs have much lower fees t...
by Lancelot
Sun Feb 11, 2018 6:30 pm
Forum: Investing - Theory, News & General
Topic: How does one emotionally keep it together during market swings?
Replies: 118
Views: 11331

Re: How does one emotionally keep it together during market swings?

Just doesn't bother me; I think about the discounted dividend reinvestments I'm receiving when prices tank :sharebeer

Adjusting your portfolio allocation to your risk tolerance might help. We are all wired differently so know thyself :D
by Lancelot
Thu Feb 08, 2018 5:43 pm
Forum: Investing - Help with Personal Investments
Topic: 4% rule and early retirement?
Replies: 69
Views: 10747

Re: 4% rule and early retirement?

This guy presents an interesting concept: David Zolt authored an article in the Journal of Financial Planning titled “Achieving a Higher Safe Withdrawal Rate With the Target Percentage Adjustment” to address these questions. A 4% initial withdrawal with annual CPI increases thereafter has a 94% prob...
by Lancelot
Wed Feb 07, 2018 4:20 am
Forum: Investing - Help with Personal Investments
Topic: Retired or close to it -- what do you hold in bond portion?
Replies: 41
Views: 5167

Re: Retired or close to it -- what do you hold in bond portion?

Retired early and have been mostly 80 stocks/20 bonds. I took some profits from the recent markets highs, so I'm 75/25 now but will buy back to 80/20 when the next crash occurs.
by Lancelot
Wed Feb 07, 2018 4:12 am
Forum: Investing - Help with Personal Investments
Topic: [Vanguard Health Care Fund vs. Health Care ETF]
Replies: 5
Views: 1004

Re: [Vanguard Health Care Fund vs. Health Care ETF]

Yes VHT is an index with more stocks and lower fees. I recently liquidated my VGHCX position and will buy the dips in to VHT
by Lancelot
Tue Feb 06, 2018 5:31 pm
Forum: Investing - Help with Personal Investments
Topic: Stay the course?
Replies: 65
Views: 8329

Re: Stay the course?

You still have a lot of time until retirement- stay the course. I know several people that bailed during the 2008 crisis and missed the huge market increases to the present :moneybag
by Lancelot
Thu Feb 01, 2018 5:32 pm
Forum: Personal Consumer Issues
Topic: Frequent Flier Miles 101
Replies: 53
Views: 7376

Re: Frequent Flier Miles 101

The best returns are when you open a new credit card and receive 20 miles per dollar spent. (example: 60,000 AA miles after $3,000 minimum spend in three months) I learned a lot here: milevalue.com Or 60k AA miles with $0.5 spend on the Barclay Aadvantage Aviator Red card. :) Missed that one; just ...
by Lancelot
Tue Jan 30, 2018 9:06 pm
Forum: Personal Consumer Issues
Topic: Riverboat trip on the Danube next October
Replies: 16
Views: 1491

Re: Riverboat trip on the Danube next October

I'm jealous :sharebeer

Can't recommend a cruise line. I did a day trip cruise from Mannheim (I think) to Koblenz, then return on the bus. But that was 1973 :)

Beautiful scenary!