Search found 4870 matches

by mickeyd
Mon Jan 08, 2024 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Does it make sense for parents to drop Genworth LTC policy?
Replies: 48
Views: 6837

Re: Does it make sense for parents to drop Genworth LTC policy?

Is not a LTCI policy like a life insurance policy in some respects? The policies both give coverage for the event after an agreed upon premium. Upon reaching a time that you no longer wish to insure against the loss, you can stop paying and coverage is cancelled. You get to keep the money that you were previously paying the insurance company for the coverage. Pretty simple decision. It doesn't seem equivalent to me .... life insurance is often cancelled (or term insurance not renewed) because you are no longer worried about premature death and your family requiring a salary you can no longer provide. I.e. the "need" is clearly gone. You don't know if you will "need" LTC or not until you die. You could be 85 and need fiv...
by mickeyd
Sun Jan 07, 2024 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: ID.me - I surrendered
Replies: 29
Views: 6532

Re: ID.me - I surrendered

talzara wrote: Sun Jan 07, 2024 2:52 pm
mickeyd wrote: Sun Jan 07, 2024 2:51 pm login.gov worked fine for our EFTPS final 2023 income tax payment.
EFTPS is not operated by the IRS. That's why it uses login.gov.
Thanks for the info.
by mickeyd
Sun Jan 07, 2024 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone Bored in Retirement ??
Replies: 131
Views: 30100

Re: Anyone Bored in Retirement ??

Bored? Not us. Living here at our CCRC exposes us to hundreds of other retirees with similar life experiences and activities. We are both healthier now than when we moved in 5 years ago.

Gotta run, nap time.
by mickeyd
Sun Jan 07, 2024 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Dental and vision insurance
Replies: 35
Views: 5972

Re: Dental and vision insurance

I have always been able to self-insure for both of these risks. If you can pay for your dental/vision visits easily out of pocket, it seems to me that insurance is unnecessary.
by mickeyd
Sun Jan 07, 2024 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: ID.me - I surrendered
Replies: 29
Views: 6532

Re: ID.me - I surrendered

login.gov worked fine for our EFTPS final 2023 income tax payment.
by mickeyd
Sun Jan 07, 2024 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: Does it make sense for parents to drop Genworth LTC policy?
Replies: 48
Views: 6837

Re: Does it make sense for parents to drop Genworth LTC policy?

Is not a LTCI policy like a life insurance policy in some respects? The policies both give coverage for the event after an agreed upon premium. Upon reaching a time that you no longer wish to insure against the loss, you can stop paying and coverage is cancelled. You get to keep the money that you were previously paying the insurance company for the coverage.

Pretty simple decision.
by mickeyd
Wed Jan 03, 2024 8:37 pm
Forum: Personal Investments
Topic: Larry Swedroe on Total Bond
Replies: 40
Views: 13996

Re: Larry Swedroe on Total Bond

Money_Badger wrote: Tue Jan 02, 2024 1:04 pm Wow, this is a 2009 thread. I just realized that ...
Some of these posts are timeless. :greedy
by mickeyd
Wed Jan 03, 2024 3:51 pm
Forum: Investing - Theory, News & General
Topic: Won the Game Question
Replies: 77
Views: 14914

Won the Game Question

We are all familiar with Dr. Bernstein's famous question: "Once you have won the game, why keep playing?"

When did you know that you had won?

I do not recall that far back exactly, but it was when I first read the question and asked myself to check all of my upcoming DB income streams (pensions, SS, etc.) and VG investment account projections and balance it with my projected expenses.

Damn! I already had won the game if my stubby pencil work was accurate. And, my calculations seem to have been pretty good (so far).

LIG (Life is Good).
by mickeyd
Wed Jan 03, 2024 3:03 pm
Forum: Investing - Theory, News & General
Topic: 2024 BOGLEHEAD CONTEST REGISTRATION
Replies: 579
Views: 38001

Re: 2024 BOGLEHEAD CONTEST REGISTRATION

5053.32 (My usual 5% bump)
by mickeyd
Sun Sep 03, 2023 11:41 am
Forum: Investing - Theory, News & General
Topic: Vanguard Alternative to Federal Money Market [Vanguard Cash Deposit]
Replies: 21
Views: 4864

Re: Vanguard Alternative to Federal Money Market [Vanguard Cash Deposit]

There are two types of accounts with similar names.

Cash Deposit is an FDIC insured alternative to Federal Money Market as a settlement fund. This is open to everyone now it seems.
Thanks stan1. Very confusing.
by mickeyd
Fri Aug 11, 2023 1:05 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Alternative to Federal Money Market [Vanguard Cash Deposit]
Replies: 21
Views: 4864

Introducing Vanguard Cash Deposit

[Thread merged into here --admin LadyGeek]

https://investor.vanguard.com/investmen ... T049134470

This new option looks a lot like a savings account that pays about 150 bps less that the Fed MMF. Seems unnecessary.
by mickeyd
Fri Aug 11, 2023 12:55 pm
Forum: Investing - Theory, News & General
Topic: Vanguard would like your input
Replies: 13
Views: 2640

Re: Vanguard would like your input

I don’t know I received it as a byproduct of being a member of the Vanguard Steering Community
Can you explain to me what this steering community is/does? I have been around here for a while and have never heard of it.
by mickeyd
Tue Aug 08, 2023 9:13 pm
Forum: Investing - Theory, News & General
Topic: Vanguard would like your input
Replies: 13
Views: 2640

Vanguard would like your input

Has anyone else received this VG survey again? As you may recall from a previous email, Vanguard is conducting a study to understand how investors are thinking about the future of the stock market, the economy and interest rates. We are inviting you again to provide us with your thoughts by completing a short survey. This survey should take less than ten minutes to complete. This survey is not a test of your knowledge. Rather, it asks only about your beliefs and expectations. Importantly, it does not ask for any personal financial information. If you responded to this survey previously, thank you! We'd really appreciate your continued participation so we can see if your beliefs are changing. If you didn't have the opportunity to respond pre...
by mickeyd
Sun Jul 09, 2023 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Money market vs. CDs
Replies: 14
Views: 2574

Re: Money market vs. CDs

I currently use VG Cash Reserves Federal MMF for my cash (currently has about 5.06% yield). If FED continues to up the yield, the yield on this MMF will also increase. When the FED starts to lower rates the MMF will also reduce. Looks like FED will continue to increase rates next month.
by mickeyd
Sun Jul 09, 2023 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Fixed Indexed Annuities - Non Haters Thread
Replies: 128
Views: 11306

Re: Fixed Indexed Annuities - Non Haters Thread

Almost all of the positive articles that I have read regarding FIA/EIA are company or industry generated. They seem to me to be marketing pieces. Consider the source.
by mickeyd
Wed Jun 21, 2023 12:43 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Survey
Replies: 18
Views: 2091

Re: Vanguard Survey

OP here...As I think of the survey, the final Q was about ESGs. Responses ranged from "I'm in favor" to "They stink". That was an easy one for me.
by mickeyd
Mon Jun 19, 2023 1:16 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Survey
Replies: 18
Views: 2091

Re: Vanguard Survey

Maybe they just want to make me feel special. BTW, I can guess as well as the next Boglehead! 8-)
by mickeyd
Sun Jun 18, 2023 11:32 am
Forum: Investing - Theory, News & General
Topic: Vanguard Survey
Replies: 18
Views: 2091

Vanguard Survey

Has anyone else received a survey from VG? I have attached part of the email below. I occasionally receive such studies from them and find them quite interesting and challenging. Any one else care to comment?
As you may recall from a previous email, Vanguard is conducting a study to understand how investors are thinking about the future of the stock market, the economy and interest rates.

We are inviting you again to provide us with your thoughts by completing a short survey. This survey should take less than ten minutes to complete.

This survey is not a test of your knowledge. Rather, it asks only about your beliefs and expectations. Importantly, it does not ask for any personal financial information.
by mickeyd
Sat May 20, 2023 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Refund Delays
Replies: 6
Views: 551

Re: Tax Refund Delays

9 days
by mickeyd
Sun Apr 23, 2023 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: If your net worth is over $3 million, how did you do it?
Replies: 913
Views: 239051

Re: If your net worth is over $3 million, how did you do it?

Read Bogle books. Apply what I read in said books. Retire early.
by mickeyd
Tue Apr 04, 2023 8:39 pm
Forum: Investing - Theory, News & General
Topic: Social Security and Asset Allocation
Replies: 73
Views: 10860

Re: Social Security and Asset Allocation

Like other subjects, this "SSA- Bond or Not" argument will always have 2 schools of thought here. I think that's great. SSA is a wonderful program that I am glad to participate in. But, it's no bond.
by mickeyd
Sun Mar 19, 2023 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: How do you save copies of your tax forms and supporting docs?
Replies: 33
Views: 3915

Re: How do you save copies of your tax forms and supporting docs?

I STILL retain docs (paper and electronic) for 7 years just as I said I did in 2016. I no longer burn the copies in my BBQ, however.

Keeping it simple for 78+ years.
by mickeyd
Sun Jan 08, 2023 2:11 pm
Forum: US Chapters
Topic: your favorite quotes & one-liners
Replies: 272
Views: 48666

Re: your favorite quotes & one-liners

All hat. No cattle.

Self explanatory Texas reference to big pretenders.
by mickeyd
Tue Jan 03, 2023 2:07 pm
Forum: US Chapters
Topic: your favorite quotes & one-liners
Replies: 272
Views: 48666

Re: your favorite quotes & one-liners

“There are two kinds of men on this beach: those who are dead and those that are about to die.
So, let’s get the hell off of this beach and at least die inland.” COL George Taylor,16th Infantry Regiment, 1st Inf. Div, Omaha beach, 6/6/1944
by mickeyd
Sun Jan 01, 2023 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Policy Statement (RPS) -- Is anyone else using one?
Replies: 49
Views: 7661

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

I updated my IPS years ago and renamed it RPS. I still try to follow it and even reread it from time to time making simple adjustments.

Keeping it simple for over 78 years...
by mickeyd
Wed Nov 16, 2022 12:15 pm
Forum: Investing - Theory, News & General
Topic: A time to EVALUATE your jitters
Replies: 678
Views: 630412

Re: A time to EVALUATE your jitters

I have the jitters about Bogleheads (or "kinda" BH) who are considering selling their equity position and looking to stuff it in cash/mmf. Do you not understand how this thing works? Hint: buy low sell high!
by mickeyd
Wed Sep 14, 2022 1:42 pm
Forum: Investing - Theory, News & General
Topic: A time to EVALUATE your jitters
Replies: 678
Views: 630412

Re: A time to EVALUATE your jitters

If Jack Bogle were still alive today, I wonder which of his wonderful STC phrases he would use to warn us?
by mickeyd
Wed Aug 10, 2022 7:09 pm
Forum: Investing - Theory, News & General
Topic: Include "cash reserve" in retirement withdrawal % calculation?
Replies: 21
Views: 1994

Re: Include "cash reserve" in retirement withdrawal % calculation?

Hope this hasn't been explored in detail elsewhere.
It is YOUR account. You can do anything that you want to do just like I can do what I want to do with my stash. Ain't that great?
by mickeyd
Thu Aug 04, 2022 6:30 pm
Forum: Investing - Theory, News & General
Topic: Motley Fool Interview
Replies: 80
Views: 27679

Re: Motley Fool Interview

I was a fool.
At one time we all were. But, not any more. :moneybag
by mickeyd
Sat Jun 25, 2022 2:01 pm
Forum: Investing - Theory, News & General
Topic: MMF Question
Replies: 2
Views: 710

MMF Question

I have noticed (as many of you have) that the Federal MMF (Settlement fund) is yielding 1.38% but the Cash Reserve MMF (VMRXX) has only a yield of 1.35%. I know, I know it's only 3bps, but why the difference?
by mickeyd
Wed Jun 15, 2022 2:04 pm
Forum: Investing - Theory, News & General
Topic: Why Bogleheads "Stay-The-Course"
Replies: 36
Views: 11331

Re: Why Bogleheads "Stay-The-Course"

mickeyd wrote: Sat Dec 19, 2015 2:15 pm Thanks Taylor,

As an investor I lived thru about half of those, never took evasive action and do not recall them except for the most recent.
Evidently I agreed with Taylor also 6 years ago (2015). I still stand by my initial post. STC.
by mickeyd
Wed Apr 13, 2022 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: Why no Vanguard 2% cash back Visa card?
Replies: 123
Views: 43435

Re: Why no Vanguard 2% cash back Visa card?

I would rather have free TurboTax like back in the day.
by mickeyd
Sun Mar 20, 2022 2:33 pm
Forum: US Chapters
Topic: Why Did You Choose Your Username and Avatar?
Replies: 377
Views: 19660

Re: Why Did You Choose Your Username and Avatar?

I chose an image of the Combat Infantryman Badge (CIB) that was awarded to me in 1968 when I was a member of the First Infantry Division (Big Red One) in Vietnam.
by mickeyd
Sun Mar 13, 2022 4:38 pm
Forum: Personal Investments
Topic: [Market dropping - should I rebalance?]
Replies: 23
Views: 3180

Re: [Market dropping - should I rebalance?]

"Don't just do something; stand there" Jack Bogle
"Nobody knows nuttin" also Jack Bogle
by mickeyd
Wed Feb 16, 2022 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: How to Calculate Savings Rate - Net or Gross?
Replies: 51
Views: 6158

Re: How to Calculate Savings Rate - Net or Gross?

Do you all have savings $ amount goals, or do you set % goal? What % savings rate do you aim for
When you are young save/invest until it hurts. Invest heavily in equities for the long run. Never dip into retirement investments. Never !

When you are finally retired, sit back with a cold one and ruminate on what a savvy investor you have been for the last X number of years. Then, open up another cold one.
by mickeyd
Tue Jan 04, 2022 2:00 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 3606
Views: 562388

Re: Post your Financial Milestone Announcements Here

Looks like I had a total return in 2021 of 15.59%. Looks like my fool proof 45/45/10 AA is still kickin' it.
Simplicity rules!
by mickeyd
Thu Sep 02, 2021 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: 6% COLA ...Medicare [Cost-of-Living Adjustment]
Replies: 3
Views: 1158

6% COLA ...Medicare [Cost-of-Living Adjustment]

The federal government givith...the federal government taketh away. The Social Security Administration is expected to announce the largest cost of living adjustment in four decades — 6% — soon, because of the rise in inflation. But a report by the Center for Retirement Research at Boston College found that a jump in inflation could also mean the COLA may not keep up with the rise in Medicare premiums and more taxation under the personal income tax. https://www.financial-planning.com/news/social-security-cola-may-not-keep-pace-with-costs?position=editorial_3&campaignname=FP%20Retirement%20Planning-09012021&utm_source=newsletter&utm_medium=email&utm_campaign=V2_FP_Retirement_2021%2B%27-%27%2B09012021&bt_ee=OnptaIegk%2FncLc...
by mickeyd
Mon Aug 30, 2021 2:46 pm
Forum: Investing - Theory, News & General
Topic: Why do Bogleheads/BiggerPocketers think there is only one way?
Replies: 155
Views: 33414

Re: Why do Bogleheads/BiggerPocketers think there is only one way?

Read any one of Jack Bogle's books and it will all be clear.
by mickeyd
Wed May 26, 2021 6:24 pm
Forum: Personal Investments
Topic: Should I transfer my Roth IRA from Edward Jones?
Replies: 303
Views: 26545

Re: Should I transfer my Roth IRA from Edward Jones?

$95 termination fee and another $40 closing fee
What, no shipping and handling fee?
by mickeyd
Wed Apr 28, 2021 7:21 pm
Forum: Investing - Theory, News & General
Topic: 2021 JD Power study: Vanguard ranks highest in customer satisfaction
Replies: 58
Views: 4904

Re: 2021 JD Power study: Vanguard ranks highest in customer satisfaction

I prefer VG also. I am sooo glad that the Johnson family gets none of my stash. That's good enough.
by mickeyd
Wed Apr 21, 2021 3:30 pm
Forum: Personal Investments
Topic: Local Bank "Managed" Traditional IRA - Run Away Now?
Replies: 9
Views: 899

Re: Local Bank "Managed" Traditional IRA - Run Away Now?

The bank is in business to make money. If you do not wish to assist them in that effort, consider transferring to VG.
by mickeyd
Wed Mar 17, 2021 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: Relative Sold an Annuity - Questions
Replies: 20
Views: 1668

Re: Relative Sold an Annuity - Questions

Swore up and down that there were no fees - said advisor earns a finders fee from the insurance company writing the annuity
On your mark, get set,...new name for commission is "finders fee" ..run away!
by mickeyd
Wed Mar 10, 2021 7:44 pm
Forum: Personal Investments
Topic: Where do you keep your emergency fund?
Replies: 45
Views: 4847

Re: Where do you keep your emergency fund?

CRFMMF yields about 0.01%.

Ally Sav Act yields currently 0.50%

Cash Reserves = Part is in Ally and part in ST Bond fund, and part in NFCU CD.
by mickeyd
Sat Mar 06, 2021 2:08 pm
Forum: Personal Investments
Topic: Adding “ Value Funds”
Replies: 5
Views: 749

Re: Adding “ Value Funds”

I used to have a value and small-cap value tilt when I was in my accumulation phase. These were index funds with low ERs. But now that I am retired, simplicity rules and I just have it all in VG TSM fund.
by mickeyd
Sat Mar 06, 2021 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Risk when you are on target, yet haven't "won the game"
Replies: 16
Views: 1889

Re: Risk when you are on target, yet haven't "won the game"

5%-Money Market (earning 0.01%)
I would consider stashing this money in one of the bond funds. There is no real need to do this.
by mickeyd
Tue Feb 09, 2021 2:46 pm
Forum: Personal Investments
Topic: How do you stay the course?
Replies: 79
Views: 8030

Re: How do you stay the course?

I got this from a recent podcast that Ben Carlson hosted. Invest early. Select your AA. Stay the course. Says a lot about staying the course:

$10,000 dollars invested in the S&P 500 in the year:
• 2010 would be worth $37,600 by September 2020
• 2000 would be worth $34,200 by September 2020
• 1990 would be worth $182,300 by September 2020
• 1980 would be worth $918,500 by September 2020
• 1970 would be worth $1,623,500 by September 2020
• 1960 would be worth $3,445,000 by September 2020
by mickeyd
Tue Feb 09, 2021 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: SS Direct Deposit Into Vanguard MMF?
Replies: 3
Views: 438

Re: SS Direct Deposit Into Vanguard MMF?

If I recall accurately, you can only do DD to a bank and since a MMF is not a bank, you can not.
Correction...never mind! :annoyed
by mickeyd
Mon Feb 08, 2021 2:31 pm
Forum: Investing - Theory, News & General
Topic: WSJ Section Today [Investing in Funds & ETFs]
Replies: 15
Views: 2339

Re: WSJ Section Today [Investing in Funds & ETFs]

UpperNwGuy wrote: Mon Feb 08, 2021 1:12 pm I don't understand why members of this forum start new threads about articles that are behind paywalls.
I started the thread making note that I was referring to the printed edition of today. No "paywalls" were in play.