Search found 4725 matches

by mickeyd
Tue Nov 05, 2019 4:12 pm
Forum: Personal Investments
Topic: Whole life insurance. Dump it or other alternatives?
Replies: 21
Views: 1172

Re: Whole life insurance. Dump it or other alternatives?

I see it as losing nearly $27000 now or 26000 in 10 months
What advice did your "financial advisor" give you on this dilemma? You paid in advance for his/her advice.
by mickeyd
Tue Oct 29, 2019 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: USAA will not allow SPIA in irrevocable trust unless trust grantor is also a trustee (?)
Replies: 7
Views: 531

Re: USAA will not allow SPIA in irrevocable trust unless trust grantor is also a trustee (?)

Have you asked for a clearer explanation from a manager/supervisor? If you can not get a response that meets your requirements, ask to be referred to a VP. They have plenty of VPs @ USAA.

You deserve an explanation that makes sense to you.
by mickeyd
Tue Oct 29, 2019 3:07 pm
Forum: Personal Consumer Issues
Topic: CCRC Tippng?
Replies: 7
Views: 816

CCRC Tippng?

If you live in a CCRC, do you individually tip the staff that assists you daily, or is there an established process for the residents to collectively tip the workers at your facility? If so, how does it work?
by mickeyd
Thu Oct 24, 2019 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Part time job (20h/wk) - how to shield income from taxes?
Replies: 36
Views: 2306

Re: Part time job (20h/wk) - how to shield income from taxes?

Now she'll be getting it all as cash and I expect that income will be taxed heavily when we file our joint return.
Is it not her obligation to pay the correct amount of taxes on the income she earned? The rest of us pay our taxes.
by mickeyd
Tue Oct 22, 2019 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard checking -- Use it or lose it
Replies: 71
Views: 5414

Re: Vanguard checking -- Use it or lose it

Triggering a taxable event.
Not true for MMF.
by mickeyd
Tue Oct 22, 2019 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard checking -- Use it or lose it
Replies: 71
Views: 5414

Re: Vanguard checking -- Use it or lose it

I recall getting notification from VG regarding the PMMF checking account a while ago. I just wrote a check for $250 and deposited it in my checking account to establish that I wished to continue the check writing feature. No problem since that time.
by mickeyd
Fri Oct 18, 2019 10:35 am
Forum: Investing - Theory, News & General
Topic: Edward Jones presentation at the senior center
Replies: 44
Views: 6567

Re: Edward Jones presentation at the senior center

Everyone should understand that ALL free "investment" seminars are nothing more than an opportunity for the presenter to collect address and phone number of those that attend. Future contact is to be expected. The investment community values these kinds of leads.
by mickeyd
Mon Oct 14, 2019 12:39 pm
Forum: Personal Investments
Topic: Mother's variable annuity
Replies: 23
Views: 1680

Re: Mother's variable annuity

variable annuity through Vanguard
I seem to recall that since VG is not an insurance company, the VA is probably issued by another company (insurance).
by mickeyd
Fri Sep 27, 2019 5:46 pm
Forum: Investing - Theory, News & General
Topic: What is your AA, given your age? and, Why?
Replies: 246
Views: 29875

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

45/45/10 @ 75. Simplicity.
by mickeyd
Thu Sep 26, 2019 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Car Insurance - New Car
Replies: 5
Views: 268

Re: Car Insurance - New Car

We have USAA and recently dumped a 2011 Corolla and a 2005 Camry for a 2019 Camry and insurance price dropped $60+ and added Collision.
by mickeyd
Thu Sep 26, 2019 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Half of Retirees Afraid to Use Savings
Replies: 111
Views: 12795

Half of Retirees Afraid to Use Savings

After a brief time of me being reluctant to spend my retirement savings assets, I soon got over it and now DW and I spend away and keep an eye on the bottom line at the same time. What do most of you folks do? A 2009 study estimated that by the time middle-income retirees are in their 80s, they stil...
by mickeyd
Wed Sep 25, 2019 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Quiz: How Well Do You Know Social Security
Replies: 37
Views: 3513

Re: Quiz: How Well Do You Know Social Security

I got 9 out of 10. I don't think it's a very useful test. Apart from bragging rights.
You had 10 Qs? Most of us only had 9 Qs.
by mickeyd
Sun Sep 22, 2019 2:23 pm
Forum: Personal Investments
Topic: Investing half of net worth, is market too high?
Replies: 25
Views: 5211

Re: Investing half of net worth, is market too high?

a bit over $500,000 ($425 after capital gains
Can we assume that you mean "$425K?"
by mickeyd
Sun Sep 22, 2019 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Quiz: How Well Do You Know Social Security
Replies: 37
Views: 3513

Quiz: How Well Do You Know Social Security

No one can beat my score on this quiz. But most of you can tie my number. Have fun.
How You Did on this Quiz:


100%


You Answered

9 out of 9 questions correctly
Quiz: How Well Do You Know Social Security?

[link formatted by admin LadyGeek]
by mickeyd
Wed Sep 11, 2019 2:45 pm
Forum: Investing - Theory, News & General
Topic: Rich people are hoarding cash
Replies: 153
Views: 23233

Re: Rich people are hoarding cash

I do not care what anyone else has in his/her stash I only care about what is in my stash. Does that make me selfish?
by mickeyd
Mon Sep 09, 2019 9:40 am
Forum: Investing - Theory, News & General
Topic: Allan Roth: Why Risk-Profile Questionnaires Don’t Work
Replies: 48
Views: 3799

Re: Allan Roth: Why Risk-Profile Questionnaires Don’t Work

Emotions, however, do underlie some questions, such as whether an investor would lower equities during market downturns. Yea, that is so true. You gotta have a dog in the fight to appreciate what risk assumption is all about. When the S&P500 drops 100 points in a day, what does it feel in your gut?...
by mickeyd
Fri Sep 06, 2019 8:23 pm
Forum: Investing - Theory, News & General
Topic: Allan Roth: Why Risk-Profile Questionnaires Don’t Work
Replies: 48
Views: 3799

Re: Allan Roth: Why Risk-Profile Questionnaires Don’t Work

Many years ago (15+) I found that Vanguard risk questionnaire very helpful in arranging my initial AA search. Sure, my current AA is a lot different than that one of many years ago, but it was an excellent place to begin. We all need a boost along the way.
by mickeyd
Wed Sep 04, 2019 3:13 pm
Forum: Investing - Theory, News & General
Topic: Index Funds Bubble? [Michael Burry article]
Replies: 242
Views: 28239

Michael Burry-Why Index Funds like subprime CDOs

Burry has a different way to view Index funds. “This is very much like the bubble in synthetic asset-backed CDOs before the Great Financial Crisis in that price-setting in that market was not done by fundamental security-level analysis, but by massive capital flows based on Nobel-approved models of ...
by mickeyd
Tue Sep 03, 2019 10:50 am
Forum: Investing - Theory, News & General
Topic: PMMF Dividends
Replies: 2
Views: 334

Re: PMMF Dividends

Thanks Silk.

That response got me to thinking. I see that I made a substantial investment in very late July that did not effect the July dividends much, but did effect the August number a lot. Mystery solved! :oops:
by mickeyd
Mon Sep 02, 2019 3:35 pm
Forum: Investing - Theory, News & General
Topic: PMMF Dividends
Replies: 2
Views: 334

PMMF Dividends

Has anyone else noticed that the Interest generated (credited) on 8/30/2019 in the PMMF account is unusually high compared to last month? SEC yield is lower, not much new money into acct, seems like the amount should same or less than 7/30/2019.

Not complaining, but...
by mickeyd
Thu Aug 29, 2019 3:29 pm
Forum: Investing - Theory, News & General
Topic: Is now still a good time to buy VTSAX?
Replies: 45
Views: 3764

Re: Is now still a good time to buy VTSAX?

To OP: What does your IPS or R/IPS say about this situation? Follow YOUR plan!
by mickeyd
Thu Aug 29, 2019 3:25 pm
Forum: Personal Investments
Topic: Warren buffet sits on cash
Replies: 44
Views: 5359

Re: Warren buffet sits on cash

scarfce72 wrote:
Thu Aug 29, 2019 2:53 pm
Probably waiting for the next down turn in asset prices (stocks, real estate) when he'll swoop in and invest at low prices.
Sounds an awful lot like market timing to me.
by mickeyd
Sat Aug 24, 2019 1:43 pm
Forum: Personal Investments
Topic: Vanguard MM 10-day hold on written checks
Replies: 25
Views: 2045

Re: Vanguard MM 10-day hold on written checks

Our current cement contractor is complaining that the checks we give him are subject to a 10-day hold by his bank; the MM checks I give him are in the low thousands each. I'll bet that the contractor has had "banking problems" with his bank in the past and OP is just getting the result of this. Sug...
by mickeyd
Fri Aug 23, 2019 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Do you sacrifice to save?
Replies: 97
Views: 8958

Re: Do you sacrifice to save?

By definition saving includes sacrifice. Sacrifice today so that you will have more at a later date. Simple concept, but is often difficult to achieve.
by mickeyd
Wed Aug 21, 2019 9:28 am
Forum: Personal Finance (Not Investing)
Topic: What are your thoughts on USAA for checking? Insurance? Banking in general?
Replies: 44
Views: 2353

Re: What are your thoughts on USAA for checking? Insurance? Banking in general?

I have banked with USAA for 30+ years. It's a bank that offers traditional banking services and tends to pay low interest rates to its members. I hope to bank with them for another 30 years.
by mickeyd
Wed Aug 21, 2019 9:22 am
Forum: Personal Investments
Topic: Vanguard Change to Personal Adviser Services
Replies: 29
Views: 2816

Re: Vanguard Change to Personal Adviser Services

But if the investor has read an ounce of what Jack Bogle wrote, they already KNOW that they need to diversify and ignore market noise. They're already "staying the course". Why pay Vanguard 30 basis points for something you don't need?
+1 :moneybag
by mickeyd
Wed Aug 21, 2019 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Do Bogleheads plan to utilize Independent Living facilities?
Replies: 108
Views: 11894

Re: Do Bogleheads plan to utilize Independent Living facilities?

Curious if anyone who has researched CCRCs knows if there's a particular area of the country known for offering better quality/upscale/nicer choices - and if there are any areas known for the more depressing or unstable facilities? Many CCRCs seem to be located in warmer locations (FL, TX, AZ). Eac...
by mickeyd
Mon Aug 12, 2019 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Do Bogleheads plan to utilize Independent Living facilities?
Replies: 108
Views: 11894

Re: Do Bogleheads plan to utilize Independent Living facilities?

We are fortunate to be able to afford residence in a CCRC that we just moved to. All of the residents that we have spoken with (most retired military) are extremely satisfied with the facilities and all of the many, many activities. Our independent cottage is perfect in size (1700SF) and within an e...
by mickeyd
Sun Aug 11, 2019 1:02 pm
Forum: Personal Investments
Topic: Withdrawals During Retirement - Yearly, Quarterly, Monthly?
Replies: 51
Views: 7595

Re: Withdrawals During Retirement - Yearly, Quarterly, Monthly?

FWIW I have used PMMF as my cash dump off/on for about 20 years. It generally holds up during current ups/downs, but there is no FDIC insurance, if that is an important issue for you. PMMF is a hard place to beat... currently 2.23%.
by mickeyd
Sat Aug 10, 2019 3:48 pm
Forum: Personal Consumer Issues
Topic: Checking credit card statements
Replies: 52
Views: 3130

Re: Checking credit card statements

I have bee using a CC for about 50 years and have taken time to reconcile everyone of them (50x12=600). Most have been 100% accurate. If I stop checking now will my luck continue? You know the answer to that one.
by mickeyd
Fri Aug 02, 2019 3:43 pm
Forum: Investing - Theory, News & General
Topic: Allan Roth takes on the CFP Board for failure to do their job
Replies: 18
Views: 2296

Critical of CFP Board

[Thread merged into here, see below. --admin LadyGeek] Allan Roth is critical of CFP board actions and uses Jack Bogle to shame them. That the CFP Board doesn’t even bother to sufficiently review public records while advertising to the public that certificants have been thoroughly vetted is inexcus...
by mickeyd
Fri Jul 26, 2019 3:51 pm
Forum: Personal Investments
Topic: Withdrawals During Retirement - Yearly, Quarterly, Monthly?
Replies: 51
Views: 7595

Re: Withdrawals During Retirement - Yearly, Quarterly, Monthly?

I plan on taking RMD each December. My IPS reflects this. However, I have recently taken my RMD during the year at a time that the stock market reaches the all time high. (We are currently in that situation now.) I plan on adjusting my IPS to reflect this. Since I do not need my withdrawals to live ...
by mickeyd
Thu Jul 25, 2019 9:03 am
Forum: Personal Investments
Topic: Vanguard transaction: "Death distribution" ?
Replies: 18
Views: 2382

Re: Vanguard transaction: "Death distribution" ?

I learn something (usually beyond my grasp, but I get something out of it) every time I post here.
I agree Cara. This is an inexpensive classroom.
by mickeyd
Sun Jul 21, 2019 9:38 am
Forum: Personal Investments
Topic: Vanguard transaction: "Death distribution" ?
Replies: 18
Views: 2382

Re: Vanguard transaction: "Death distribution" ?

My guess is that there is a good answer out there that a call to VG will provide. Please let us know what VG says after you speak with them.
by mickeyd
Sat Jul 20, 2019 3:17 pm
Forum: Personal Consumer Issues
Topic: Replacement Windows
Replies: 30
Views: 2134

Re: Replacement Windows

We replaced 21 windows a couple of years ago (all that we had). We selected Marvin and are delighted with the results.

https://www.marvin.com/?&gclid=EAIaIQob ... gLDQPD_BwE
by mickeyd
Sat Jul 20, 2019 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Are RMDs that bad if you're not an over-saver?
Replies: 194
Views: 21969

Re: Are RMDs that bad if you're not an over-saver?

I don't have time to read all of the posts on this thread so this may have been touched on. What is an over-saver? Is it a new financial term?

Sure hope that I am not included in the club.
by mickeyd
Mon Jul 15, 2019 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: At What Age or Point in your Career did your investments start outweighing your regular paychecks?
Replies: 85
Views: 12158

Re: At What Age or Point in your Career did your investments start outweighing your regular paychecks?

The significance of our investment plan did not hit me until DW said "Wow, we are both millionaires." She was right. Our investments had just gone over $2M. That was quite a while ago.
by mickeyd
Mon Jul 15, 2019 4:03 pm
Forum: Investing - Theory, News & General
Topic: Schwab in talks to buy USAA Wealth/Brokerage
Replies: 5
Views: 1039

Schwab/USAA $2B deal

It appears as though USAA is getting out of the brokerage biz. The San Francisco-based brokerage firm is in talks to buy USAA’s brokerage and wealth management operations for roughly $2 billion, The Wall Street Journal reported Monday. The deal may be reached this month, the newspaper said, citing p...
by mickeyd
Fri Jul 12, 2019 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Policy Statement (RPS) -- Is anyone else using one?
Replies: 25
Views: 3925

Re: Retirement Policy Statement (RPS) -- Is anyone else using one?

No matter if you call it an IPS or an RPS or an IPS/RPS or some other self-named device, the idea that you have documented what your well-thought out plan is that will give you a guide for your financial future is essential. Having a financial plan is necessary these days.
by mickeyd
Thu Jul 11, 2019 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: anyone here use BillPay?
Replies: 22
Views: 1386

Re: anyone here use BillPay?

You are over-thinking this mountaingirl. Once you have submitted the payment, your job is done. I have used BillPay thru USAA bank for about 30 years. So far so good.
by mickeyd
Mon Jul 01, 2019 10:22 am
Forum: Personal Investments
Topic: Can I add Social Security to my asset allocation of bonds?
Replies: 42
Views: 3023

Re: Can I add Social Security to my asset allocation of bonds?

If you included income from your j*b as an asset, then you could count SS as part of your assets. My guess is that most folks do not count income streams as an asset.
by mickeyd
Mon Jul 01, 2019 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Intentional Divorce to avoid Marriage Penalties in tax code?
Replies: 54
Views: 5210

Re: Intentional Divorce to avoid Marriage Penalties in tax code?

eye.surgeon wrote:
Sun Jun 30, 2019 3:53 pm
Some things are more important than money.
True, but it's a very short list.
by mickeyd
Sat Jun 29, 2019 1:38 pm
Forum: Investing - Theory, News & General
Topic: 2019 BOGLEHEAD CONTEST -- Semi-Annual Report
Replies: 14
Views: 1490

Re: 2019 BOGLEHEAD CONTEST -- Semi-Annual Report

I am well positioned to make my move now! I am less than 400 slots away from the top.
by mickeyd
Mon Jun 24, 2019 9:32 am
Forum: Investing - Theory, News & General
Topic: The problem in retirement we rarely discuss [what to do with stock funds]
Replies: 58
Views: 6579

Re: The problem in retirement we rarely discuss [what to do with stock funds]

Having too much equity growth does present certain tax problems. Having too much equity loss also presents specific problems. Which would you prefer to have?
by mickeyd
Sun Jun 23, 2019 9:46 am
Forum: Personal Consumer Issues
Topic: How do you approach tipping at carry-out restaurants
Replies: 111
Views: 8384

Re: How do you approach tipping at carry-out restaurants

We live @ a CCRC. There is a strict no tipping policy here. No tipping on food service. No tipping on housekeeping service. No tipping on any other service that is provided. It is strictly enforced, they say. However each resident may contribute to an employee appreciation fund that is collected by ...
by mickeyd
Sun Jun 23, 2019 8:33 am
Forum: Personal Consumer Issues
Topic: How do Bogleheads buy cars?
Replies: 117
Views: 18964

Re: How do Bogleheads buy cars?

I buy new cars and the last car I bought (Sept 15) was thru the USAA car buying service. No hassles,no arguing. They tell you the price and features of the vehicle before you set foot in any of the dealerships. I could not beat USAA's price. That is exactly how I acquired my last 2 vehicles and how...
by mickeyd
Fri May 31, 2019 7:12 pm
Forum: Personal Consumer Issues
Topic: Does money/lack of money preoccupy you?
Replies: 90
Views: 9318

Re: Does money/lack of money preoccupy you?

If being preoccupied with LBYM, saving and investing early and often, and understanding that Bogle principles are worth considering is what is meant by this Q, then, yes, count me in that number.
by mickeyd
Fri May 31, 2019 1:50 pm
Forum: Personal Investments
Topic: Newbie Question on Vanguard Bond funds
Replies: 10
Views: 1475

Re: Newbie Question on Vanguard Bond funds

An alternative bond fund for Meatball to consider in a three fund portfolio, with a larger allocation to corporate bonds is Vanguard Intermediate-term Bond Index Fund Admiral Shares (VBILX) ER 0.07%.
The intermediate-term index fund has been my go-to FI location for many years. Many options @ VG.
by mickeyd
Wed May 29, 2019 4:15 pm
Forum: Personal Consumer Issues
Topic: Donating my 2002 Toyota Corolla
Replies: 12
Views: 1323

Re: Donating my 2002 Toyota Corolla

I have donated a couple of my old Toyota's to Society of St Vincent de Paul. Glad I did.
by mickeyd
Fri May 24, 2019 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Which Renters Insurance Brand/Company should I use?
Replies: 13
Views: 1503

Re: Which Renters Insurance Brand/Company should I use?

I recently moved into a CCRC and got a renters policy from USAA. I have been a P&C USAA member for 50+ years. Easy to get and not expensive.