Search found 4674 matches

by mickeyd
Thu May 09, 2019 4:39 pm
Forum: Personal Investments
Topic: Does a 3 Year CD Substitute For Bonds in your AA?
Replies: 10
Views: 890

Re: Does a 3 Year CD Substitute For Bonds in your AA?

I consider my PMMF stash part of my "FI" along with bonds/bond funds.
by mickeyd
Thu Apr 11, 2019 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Paying Estimated Taxes in Retirement
Replies: 31
Views: 2926

Re: Paying Estimated Taxes in Retirement

Since retirement I have used EFTPS to report estimated tax each quarter. I just set up a simple program on Excell, make entries as I earn investment money, RMD and total it up each quarter and report it, then start over the next quarter. I believe in simplicity and this could not be simpler.
by mickeyd
Mon Apr 08, 2019 7:02 pm
Forum: Investing - Theory, News & General
Topic: Retirees: Are you annually spending in Real or Nominal Terms?
Replies: 63
Views: 3897

Re: Retirees: Are you annually spending in Real or Nominal Terms?

Since we have enough income stream to pay all of the expenses monthly and RMD that we reinvest, I think of it all in nominal terms, if I think of it at all.

Life is good and Texas is big.
by mickeyd
Thu Apr 04, 2019 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Person to evaluate whole life policies
Replies: 6
Views: 591

Re: Person to evaluate whole life policies

Hello AD, I can not recommend anyone that will give you an evaluation on your policies. Why did you purchase them? Is the need for coverage still there? Older policies, like you may be referring to, often are worth keeping regardless of the LI value that they cover because the returns may be better ...
by mickeyd
Thu Apr 04, 2019 4:32 pm
Forum: Investing - Theory, News & General
Topic: Fidelity, Schwab unseat Vanguard in new phase of fintech
Replies: 29
Views: 3657

Fidelity, Schwab unseat Vanguard in new phase of fintech

Is VG slipping? I don't know but I do know that this will not entice me to move my stash. Fidelity and Charles Schwab snapped Vanguard’s two-year winning streak in J.D. Power’s annual study of self-directed investors — a signal that incumbent firms have moved into a new phase of fintech. Schwab's re...
by mickeyd
Sun Mar 17, 2019 2:22 pm
Forum: Personal Consumer Issues
Topic: What's Your Opinion on Nest Thermostats
Replies: 62
Views: 4956

Re: What's Your Opinion on Nest Thermostats

Our local utility company installed a new nest thermostat last year at no cost. It seems to work well.
by mickeyd
Sun Mar 10, 2019 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Delayed gratification.
Replies: 55
Views: 6084

Re: Delayed gratification.

Delayed gratification is a great test of what you are made of. All financial saving tactics are worth it in the long run even though it may not always be evident. I have never regretted that I have a substantial investment portfolio due to delayed gratification. Now, if I would have died at age 50...
by mickeyd
Sun Mar 10, 2019 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Is a boglehead.org meeting tax deductible?
Replies: 14
Views: 1644

Re: Is a boglehead.org meeting tax deductible?

I think that cedarwaxwing should definitely take all Boglehead travel/entertainment expenses on his tax return. Note to cedarwaxwing: please let us know if it works (IRS falls for it).
by mickeyd
Sun Mar 10, 2019 3:54 pm
Forum: Personal Investments
Topic: Vanguard error – exceeded RMD without consent – what now?
Replies: 20
Views: 2554

Re: Vanguard error – exceeded RMD without consent – what now?

"I do not wish to pay my attorney to correspond with SEC and FINRA regarding this Vanguard error." This sentence spoken to the right vanguard employee will clear it all up in no time.
by mickeyd
Sun Mar 10, 2019 3:41 pm
Forum: Personal Investments
Topic: Terminology: "Retirement" funds
Replies: 29
Views: 1557

Re: Terminology: "Retirement" funds

When I read about "retirement funds" or "retirement assets" I always assume that they are referring to tax advantaged assets (IRA, Roth, annuity). This is not to say that taxable assets (accounts that are not tax advantaged) can not/ will not be consumed during retirement. Even though retirement inc...
by mickeyd
Sun Mar 10, 2019 3:31 pm
Forum: Personal Investments
Topic: USAA
Replies: 18
Views: 2422

Re: USAA

As others have stated, I have been with USAA 50+ years and long ago transferred my investments to VG and never looked back. I still have HO, auto, and banking with them, including Visa card. At one time USAA wanted to be everything to their members but has since realized that they should stay with t...
by mickeyd
Sun Mar 10, 2019 3:18 pm
Forum: Personal Investments
Topic: Retirement investments
Replies: 17
Views: 1386

Re: Retirement investments

What have you done with your checking and savings account. My wife ask that we put one of our kids on our checking account. I think you are overthinking it. I have been retired for 10+ years and I fit into the category of "income stream pays all of the bills". Make sure that your wills accurately r...
by mickeyd
Sat Mar 09, 2019 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: What I wish I had done - 20/20 hindsight
Replies: 28
Views: 4870

Re: What I wish I had done - 20/20 hindsight

In addition to being a long-time VG investor I also worked quite a while in the LI business and purchased a couple of WL policies. In the long run I realized that the WL premiums that I paid could have been better invested in my favorite VGMF. I no longer own any WL policies, however I do own a subs...
by mickeyd
Sat Mar 09, 2019 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Why I invest: “A difficult diagnosis changed my views on money.”
Replies: 3
Views: 1512

Why I invest: “A difficult diagnosis changed my views on money.”

This is an interesting little story about how this gal found out the right direction to go when she visited the Bogleheads. I'll bet that there are hundreds (thousands?) of stories out there with a similar ending. Priscilla turned to the internet to learn more about personal finance and investing. S...
by mickeyd
Thu Mar 07, 2019 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: Universal Life without cash value accumulation
Replies: 22
Views: 1217

Re: Universal Life without cash value accumulation

Most of the time I don't even know the answer because I'm contracted with ~40 insurance companies and they all have varying commissions for each product. This is an unbelievable statement for a LI salesman to make. Of course you are aware how much commission you are making on any sale of any produc...
by mickeyd
Wed Mar 06, 2019 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Universal Life without cash value accumulation
Replies: 22
Views: 1217

Re: Universal Life without cash value accumulation

Why would the agent state their commission?
Some (ALL?) folks like to deal with a fiduciary and be aware of all aspects of a product purchase.
by mickeyd
Wed Mar 06, 2019 1:04 pm
Forum: Personal Investments
Topic: Did you diversify companies when buying annuities? Which companies are safest?
Replies: 9
Views: 688

Re: Did you diversify companies when buying annuities? Which companies are safest?

I have $300k in an IRA that i want to spend on a SPIA.
Why do you want to give up control of your funds rather than manage them yourself? Insurance companies may fee-away a nice chunk of that IRA.
by mickeyd
Wed Mar 06, 2019 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Universal Life without cash value accumulation
Replies: 22
Views: 1217

Re: Universal Life without cash value accumulation

I wonder if the Prudential insurance agent revealed to the OP what commission he/she was to receive on this sale. I wonder if the agent revealed that the policy owner would be paying the commission.

Not the same as term.
by mickeyd
Sun Mar 03, 2019 5:58 pm
Forum: Personal Consumer Issues
Topic: Why do you live where you live?
Replies: 134
Views: 8717

Re: Why do you live where you live?

I was not born in Texas, but I got here as soon as possible.
by mickeyd
Fri Mar 01, 2019 4:55 pm
Forum: Personal Investments
Topic: Stock market current state and investing
Replies: 25
Views: 1893

Re: Stock market current state and investing

I have been reading this forum and know that timing the market is bad.
Nuf said.
by mickeyd
Tue Feb 26, 2019 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Turbotax and Vanguard: Importing information
Replies: 7
Views: 739

Re: Turbotax and Vanguard: Importing information

It's easy enough to enter my own data so I just DIY and do not use VG feature.
by mickeyd
Sun Feb 24, 2019 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Dental Insurance
Replies: 38
Views: 2747

Re: Dental Insurance

Congrats Leesbro63, it sounds like you have beaten the system recently. What will your dental expenses be in the future? Of course you do not know. If you think that you may still have serious dental work to be done in the future, consider it on a year-to-year basis, but in the long term It rarely p...
by mickeyd
Sun Feb 24, 2019 2:05 pm
Forum: Investing - Theory, News & General
Topic: Buffet's Cash Position
Replies: 71
Views: 5449

Re: Buffet's Cash Position

Spend it all Warren before Gates takes at all away from you!
by mickeyd
Tue Feb 19, 2019 5:50 pm
Forum: Personal Investments
Topic: “Won the Game” how do you know?
Replies: 96
Views: 8160

Re: “Won the Game” how do you know?

Been ERd for 10+ years and my investments have doubled. Monthly income streams pay for it all. I have won the game.
by mickeyd
Tue Feb 19, 2019 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Family member duped into life insurance -- any recourse?
Replies: 84
Views: 7397

Re: Family member duped into life insurance -- any recourse?

Zero chance of that working. A life insurance policy is a legal contract. Unless the mother was mentally incapacitated to legally sign the paperwork, there's nothing that can be done here. You can complain until the cows come home, the insurance company did nothing wrong and from OP's post, it does...
by mickeyd
Sun Feb 17, 2019 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Family member duped into life insurance -- any recourse?
Replies: 84
Views: 7397

Re: Family member duped into life insurance -- any recourse?

How's the finra complaint coming along?
I believe that FINRA is for investment complaints. UL is an insurance question and the state commissioner of insurance needs to address this complaint.
by mickeyd
Sun Feb 17, 2019 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Family member duped into life insurance -- any recourse?
Replies: 84
Views: 7397

Re: Family member duped into life insurance -- any recourse?

OP might write a letter to the president of the company advising that an improper sale was made and request a full refund of premiums paid. Give them 10 working days to provide a refund check to the policyholder. Also advise them that if the full refund is not made within the specified time the poli...
by mickeyd
Sat Feb 02, 2019 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Were you 100% debt free at retirement
Replies: 163
Views: 10210

Re: Were you 100% debt free at retirement

We were 100% debt free about 10 years prior to ER. We continue to be debt free. Life is good!
by mickeyd
Sat Feb 02, 2019 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you keep in checking?
Replies: 135
Views: 10626

Re: How much do you keep in checking?

$1000.

When I reconcile my checking account each month I generally have a balance north of $1k. Any amount of $ over that amount gets sent to savings @ PMMF. That leaves me a balance of $1000 to begin the next month.

This has been my methodology for about 30 years.
by mickeyd
Sun Jan 27, 2019 2:51 pm
Forum: Investing - Theory, News & General
Topic: Vanguard stole $0.01?
Replies: 80
Views: 5749

Re: Vanguard stole $0.01?

Could be associated with this scam...
https://www.youtube.com/watch?v=yZjCQ3T5yXo
by mickeyd
Thu Jan 24, 2019 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Quarterly Taxes
Replies: 7
Views: 917

Re: Quarterly Taxes

I use EFTPS for my quarterly federal estimated taxes.
by mickeyd
Wed Jan 23, 2019 2:17 pm
Forum: Personal Investments
Topic: Keep cash in mm,cd, or bond fund.
Replies: 5
Views: 885

Re: Keep cash in mm,cd, or bond fund.

Hey Bug. Welcome here.
Since you plan on using the money in the near future, the PMMF would be my choice as it is yielding 2.47% the last time that I looked.
by mickeyd
Tue Jan 22, 2019 4:42 pm
Forum: Investing - Theory, News & General
Topic: The NY Times calls us a cult but in a good way
Replies: 62
Views: 7674

Re: The NY Times calls us a cult but in a good way

Thou shall not buy individual stocks.
When did this get added to the list? Individual stock ownership is no sin!
by mickeyd
Tue Jan 22, 2019 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: USAA Multi Product Discount
Replies: 35
Views: 3791

Re: USAA Multi Product Discount

USAA is in the process selling their investment branch (mutual funds?) to Victory in Ohio. Wonder how this will impact this.
by mickeyd
Sun Jan 20, 2019 5:39 pm
Forum: Personal Investments
Topic: Saving accounts
Replies: 46
Views: 3581

Re: Saving accounts

I am thinking just having it all at Vanguard PMM may be the best becuase of the rates. What do most of you do????????
That's what I have done for almost 20 years. Just understand that your funds will not be FDIC insured.
by mickeyd
Sun Jan 20, 2019 5:30 pm
Forum: Personal Investments
Topic: Stay the course is hard
Replies: 74
Views: 7920

Re: Stay the course is hard

It's important for all of us to know (recall?) why we are invested in what we are invested in. Writing it down via IPS is a pretty fail-safe way to not lose track (or keep your eye on the prize, as MLK would have put it) or how you got here and where you are going. It's really quite easy.
by mickeyd
Sun Jan 20, 2019 3:44 pm
Forum: Personal Investments
Topic: 2018 Vanguard Roth IRA is $0.08 short
Replies: 11
Views: 1109

Re: 2018 Vanguard Roth IRA is $0.08 short

Someone is going to eventually link this Office Space scene here. Might as well be me.

https://www.youtube.com/watch?v=yZjCQ3T5yXo
by mickeyd
Sun Jan 20, 2019 3:28 pm
Forum: Investing - Theory, News & General
Topic: The NY Times calls us a cult but in a good way
Replies: 62
Views: 7674

Re: The NY Times calls us a cult but in a good way

Those who do not "get it" like to put those who do into little boxes and name those boxes "different" or "dangerous." Those folks have evidently decided to stuff all of us into one of those boxes. Ignorance and fake stickers abound. Stay the course.
by mickeyd
Sat Jan 19, 2019 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: [Ally online savings now at 2.20%]
Replies: 285
Views: 49756

Re: [Ally online savings now at 2.20%]

If you get the vanguard money market fund, when you want the money, will they not take 2 days to settle when you sell, and then another 2-3 days for doing ACH to your bank. It will be a 1 week delay with no interest. What am I missing. The PMMF issues you a check book. Write a check. Send it to who...
by mickeyd
Sat Jan 19, 2019 3:48 pm
Forum: Investing - Theory, News & General
Topic: The NY Times calls us a cult but in a good way
Replies: 62
Views: 7674

Re: The NY Times calls us a cult but in a good way

"The cultists call themselves the Bogleheads, a group of like-minded investors who consider Mr. Bogle the spiritual leader of their financial lives. For the last 40 years or so I have considered Jack Bogle as my investment partner. He would invent, and I would invest. Thanks partner. It's been a gr...
by mickeyd
Sat Jan 19, 2019 2:49 pm
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 856
Views: 50851

Re: John Bogle has died at age 89

I feel like I lost a long-time associate. In a way Jack and I were associates. He created indexing as we know it, and I invested in those wonderful Vanguard funds and am now financially independent. Jack and I did it. Thanks again partner! God rest your soul.
by mickeyd
Sat Jan 19, 2019 2:39 pm
Forum: Personal Investments
Topic: 2018 Vanguard Roth IRA is $0.08 short
Replies: 11
Views: 1109

Re: 2018 Vanguard Roth IRA is $0.08 short

I know it's just 8 cents but I'm a bit OCD. :
You said it, not me.
by mickeyd
Fri Jan 18, 2019 1:02 pm
Forum: Personal Consumer Issues
Topic: Shingrix [Vaccine availability]
Replies: 153
Views: 13276

Re: Shingrix [Vaccine availability]

The VA does not have it. They said to come back in 6 months and they MAY have it.
by mickeyd
Thu Jan 10, 2019 3:04 pm
Forum: Investing - Theory, News & General
Topic: Your Vanguard Page
Replies: 32
Views: 3155

Re: Your Vanguard Page

I check my VG account occasionally, but at least annually. I do not know why I would check more often.
by mickeyd
Thu Jan 10, 2019 2:59 pm
Forum: Personal Consumer Issues
Topic: Shingrix [Vaccine availability]
Replies: 153
Views: 13276

Re: Shingrix [Vaccine availability]

I received the original Shingles vaccine about 10 years ago. I think that I am still eligible for Shingrix also.
I inquired at the local military hospital and was told that they did not have it yet. I have a VA appointment next week and will try to get it there.
by mickeyd
Thu Jan 10, 2019 2:50 pm
Forum: Personal Investments
Topic: Monthly RMD from VG
Replies: 10
Views: 940

Re: Monthly RMD from VG

Have just moved to all index investing and am curious as to whether my RMD for 2019 should come from the 60% bond portion, from the 40% equity side, or should it balanced as well? I am a newbie to the forum and am open to suggestions! Do you have an Investment Policy Statement (IPS)? What does it s...
by mickeyd
Tue Jan 08, 2019 2:04 pm
Forum: Personal Consumer Issues
Topic: House hunting in San Antonio (relocating from IL) - What to watch out for?
Replies: 31
Views: 1728

Re: House hunting in San Antonio (relocating from IL) - What to watch out for?

Look in areas covered by Northside Independent School District (NISD), Judson ISD or Northeast ISD(NEISD).
by mickeyd
Sat Jan 05, 2019 2:43 pm
Forum: Personal Investments
Topic: New Job. lowest expense mutual fund available is 1.84%. should we invest in taxable instead?
Replies: 20
Views: 1960

Re: New Job. lowest expense mutual fund available is 1.84%. should we invest in taxable instead?

Grab the company match and not a penny more. The third party administrator(TPA) is skimming off 1.8% and it affects every participant's total return. Please contact the CFO or HR department and express your displeasure in the PLAN that is YOUR retirement PLAN! Sure you are the new guy, but that plac...
by mickeyd
Mon Dec 31, 2018 4:23 pm
Forum: Investing - Theory, News & General
Topic: S&P 500 Ending Totals
Replies: 4
Views: 579

S&P 500 Ending Totals

Here are some historical numbers for you.

S&P 500 CLOSING


12/31/2008 903.25
12/31/2009 1115.1
12/31/2010 1257.64
12/31/2011 1257.6
12/31/2012 1426.19
12/31/2013 1848.36
12/31/2014 2058.9
12/31/2015 2043.94
12/31/2016 2238.83
12/29/2017 2673.61
12/31/2018 2506.85