Search found 1834 matches

by bengal22
Thu May 21, 2020 4:05 pm
Forum: Personal Consumer Issues
Topic: Can I afford to buy an expensive guitar?
Replies: 34
Views: 1290

Re: Can I afford to buy an expensive guitar?

Ask your wife. Don't buy it if there anything less than a quick yes.
by bengal22
Thu May 21, 2020 3:38 pm
Forum: Personal Consumer Issues
Topic: Can I afford to buy an expensive guitar?
Replies: 34
Views: 1290

Re: Can I afford to buy an expensive guitar?

Ask your wife. Don't buy it if there anything less than a quick yes.
by bengal22
Tue May 19, 2020 11:26 am
Forum: Personal Investments
Topic: Best place to hold 100k emergency fund?
Replies: 25
Views: 2326

Re: Best place to hold 100k emergency fund?

My EF is in my mutual fund allocation. I can make it cash in 2 days. I can use credit card if need is immediate.
by bengal22
Thu Apr 16, 2020 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: [Government stimulus payments]
Replies: 351
Views: 27160

Re: [Government stimulus payments]

I had a refund direct deposited to my bank account in 2018 but owed a tad in 2019. When I visited https://www.irs.gov/coronavirus/economic-impact-payments it showed that the IRS did not have direct deposit bank information in their database. So I had to enter it. Point is, I'd check the link regard...
by bengal22
Sat Mar 21, 2020 9:06 am
Forum: Personal Finance (Not Investing)
Topic: Father in law died- things to do
Replies: 30
Views: 3590

Re: Father in law died- things to do

In addition to the above comments, here is a 2018 thread dealing with the same situation. https://www.bogleheads.org/forum/viewtopic.php?t=255733 Could be informative for you. BTW, Peter Foley properly noted the need for multiple copies of death certificates. In the linked thread, he indicated that...
by bengal22
Fri Mar 06, 2020 6:41 pm
Forum: Investing - Theory, News & General
Topic: I once held a stock that went to zero
Replies: 24
Views: 2194

Re: I once held a stock that went to zero

GM went to zero, right. Proof individual stocks can be worthless.
by bengal22
Wed Mar 04, 2020 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Capital Gains Tax Question regarding sale of property
Replies: 15
Views: 689

Re: Capital Gains Tax Question regarding sale of property

Yes, you will need to determine her adjusted basis which is essentially her original cost plus any capital improvements. If there is a gain it will be a long term capital gain to you. If a loss, it is not deductible. Gill This would be net profit after real estate fees so you may not have any capit...
by bengal22
Wed Dec 18, 2019 11:43 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 5434
Views: 1349593

Re: What Movie Have You Recently Watched?

The Third Man (1949) Joseph Cotten, Alina Valli, Orson Welles, Trevor Howard. Directed by Carol Reed. Written by Graham Greene. Pulp novelist Holly Martins travels to shadowy, postwar Vienna, only to find himself investigating the mysterious death of an old friend, Harry Lime. In the AFI book "Priv...
by bengal22
Wed Dec 18, 2019 9:12 am
Forum: Investing - Theory, News & General
Topic: The worst investment advice I know
Replies: 170
Views: 14573

Re: The worst investment advice I know

"neither a borrower or lender be.". Mr. Polonius Actually I like this advice. For loan oft loses both itself and friend, And borrowing dulls the edge of husbandry. Hamlet Act 1, scene 3, 75–77 You don't have any bonds in your portfolio? I found that odd also, "Neither a borrower or lender be." So o...
by bengal22
Tue Dec 17, 2019 11:00 am
Forum: Personal Finance (Not Investing)
Topic: estate distribution confusion
Replies: 79
Views: 4197

Re: estate distribution confusion

I would think you would get half of fair market value minus any expense to put in her name.
by bengal22
Mon Dec 16, 2019 4:47 pm
Forum: Investing - Theory, News & General
Topic: The worst investment advice I know
Replies: 170
Views: 14573

Re: The worst investment advice I know

"neither a borrower or lender be.". Mr. Polonius
by bengal22
Mon Dec 16, 2019 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Medigap, Medicare advantage
Replies: 29
Views: 1389

Re: Medigap, Medicare advantage

I have heard that (at least some) Advantage advisors receive a commission. Not sure about Medigap policies. Could that lead to bias by Advantage salespeople? Perhaps When I met with them(RetireMed) they presented several plans with both options. I did not feel they led me down one path. Yes they ge...
by bengal22
Mon Dec 16, 2019 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Medigap, Medicare advantage
Replies: 29
Views: 1389

Re: Medigap, Medicare advantage

I worked through a company that reviewed options with me. Made process easy. No costs to me.
by bengal22
Thu Dec 12, 2019 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Appraising Art Work
Replies: 18
Views: 924

Re: Appraising Art Work

My mom lives in the Memphis, TN area and has acquired quite an amount of junk over the years of picking up things here and there (her hobby is "junking"). Honestly 99.9% of this junk is just that, but I have the feeling some of these art pieces and drawings she has may be worth something. Where can...
by bengal22
Thu Dec 12, 2019 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: Most estates don't go through probate [*]
Replies: 39
Views: 4924

Re: Most estates don't go through probate [*]

... Lawyers make money(5 percent at least) on estates going through probate. They make zero when an estate is transferred vis beneficiaries and POD/TOD. Makes sense that a lawyer would advise not to avoid probate. Probating the Will is usually a small part of the work involved in an estate administ...
by bengal22
Thu Dec 12, 2019 3:26 pm
Forum: Investing - Theory, News & General
Topic: "Rebalancing Strategies That Are Tax-Efficient Too"
Replies: 6
Views: 862

Re: "Rebalancing Strategies That Are Tax-Efficient Too"

All good but I am glad I had enough in my taxable accounts to fund living between retirement and Medicare and then SSA. I just do my rebalancing in my tax advantaged accounts and use taxable to supplement my pension.
by bengal22
Thu Dec 12, 2019 8:05 am
Forum: Personal Finance (Not Investing)
Topic: Most estates don't go through probate [*]
Replies: 39
Views: 4924

Re: Most estates don't go through probate [*]

Cowdogman “ I used a partner at a major law firm in Seattle for our estate planning, and his firm has been doing estate planning for over 100 years. We talked briefly about avoiding probate, but he dismissed the idea--given that our estate is simple (house, personal property and investments) he did...
by bengal22
Wed Dec 11, 2019 1:35 pm
Forum: Personal Consumer Issues
Topic: What to do with old sheets and linens?
Replies: 37
Views: 2836

Re: What to do with old sheets and linens?

We've got two linen closets in the house that are chock full of old sheets and bed linens that will never get used again, at least by us. My wife folds them neatly and stacks them in the closet after we get new beds or upgrade sheets for us or the kids and we never touch them again. I'd like to go ...
by bengal22
Wed Dec 11, 2019 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Transition at Vanguard
Replies: 41
Views: 5245

Re: Transition at Vanguard

One advantage of the brokerage platform: if you ever decide to move money into or out of Vanguard, it can be done electronically. With the old mutual fund platform, it requires paperwork and takes much longer. From Vanguard's point of view, they can receive transfers of stock and other fund familie...
by bengal22
Tue Dec 10, 2019 4:22 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Estimated Year-End Distributions
Replies: 71
Views: 8563

Re: Vanguard Estimated Year-End Distributions

TheDDC wrote:
Tue Dec 10, 2019 3:48 pm
Any explanation as to why VWIAX (Wellesley Admiral) had a dividend of $2.52 in Dec 2018 and only $0.55 this year projected? Wild stuff.

-TheDDC
Is income available the same as dividend? If yes, why can't they just say that?
by bengal22
Mon Dec 09, 2019 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: What Metrics do you use to Monitor the Health of your Retirement Plan?
Replies: 31
Views: 2216

Re: What Metrics do you use to Monitor the Health of your Retirement Plan?

Expected income: SSA, pension
Expected expenses
Net worth

All I need
by bengal22
Mon Dec 09, 2019 10:13 am
Forum: Personal Consumer Issues
Topic: any use for a 3G phone?
Replies: 18
Views: 986

Re: any use for a 3G phone?

sunny_socal wrote:
Mon Dec 09, 2019 10:09 am
Give it to an old person
Nice!
by bengal22
Fri Dec 06, 2019 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Your credit card debt dies when you die (usually)
Replies: 128
Views: 6282

Re: Your credit card debt dies when you die (usually)

When my father died, the MasterCard rep said I did not have to pay off the balance. All of us need to learn as much as we can about estate planning and execution. There are whole industries out to take our money. I have done a probate without a lawyer and it was not hard. Things can be set up withou...
by bengal22
Wed Dec 04, 2019 9:31 am
Forum: Investing - Theory, News & General
Topic: Retirees: which do you focus on more?
Replies: 22
Views: 2493

Re: Retirees: which do you focus on more?

I focus primarily on net worth, which I track monthly. This number takes into account what I spend, what I bring in via pension & wife's SSA, debt reduction, and asset appreciation via portfolio performance. If net worth is going up then life is good. Other than house all of my assets are liquid. I ...
by bengal22
Tue Dec 03, 2019 5:09 pm
Forum: Personal Consumer Issues
Topic: Apps or structured program for reading the Bible?
Replies: 36
Views: 2188

Re: Apps or structured program for reading the Bible?

I would recommend using a group approach with a good teacher. The disciple class is about 40 weeks long and has videos and group discussion. This approach helps in accountability and aides to n explaining references and background. It is hard to do it on your own.
by bengal22
Sun Dec 01, 2019 2:38 pm
Forum: Investing - Theory, News & General
Topic: Vanguard going to do TV commercials
Replies: 62
Views: 5385

Re: Vanguard going to do TV commercials

bberris wrote:
Sun Dec 01, 2019 2:24 pm
Vanguard is not a public service. Don't be fooled into thinking that it is different from any other mutual fund sponsor because it is non-profit. That does not mean the same as "sold at cost". Profit is still the motive. I am not getting romantically involved with a business.
Well said
by bengal22
Sat Nov 30, 2019 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Friendly States
Replies: 421
Views: 30742

Re: Retirement Friendly States

RickBoglehead wrote:
Mon Nov 25, 2019 5:32 pm
bengal22 wrote:
Mon Nov 25, 2019 2:29 pm
I find that Ohio is very friendly to retirees. When I drive others wave at me and some honk. I feel very welcome. I am glad I chose Ohio where they make you feel your number one
Wrong thing to push, especially this week..

OHOWIHATEOHIOSTATE. :D

GO BLUE!
O-H
I-O
by bengal22
Fri Nov 29, 2019 8:17 pm
Forum: Personal Investments
Topic: Vanguard vs. Fidelity
Replies: 62
Views: 5660

Re: Vanguard vs. Fidelity

I use both Vanguard and Fidelity. They both have strong low cost funds. Use both or one of them and you will be OK. In my opinion Vanguard is no more a non profit organization than GM. Vanguard has revenue. Vanguard has expenses. Vanguard has more revenue than expenses. The leadership structure ben...
by bengal22
Fri Nov 29, 2019 6:28 pm
Forum: Personal Investments
Topic: Vanguard vs. Fidelity
Replies: 62
Views: 5660

Re: Vanguard vs. Fidelity

I use both Vanguard and Fidelity. They both have strong low cost funds. Use both or one of them and you will be OK. In my opinion Vanguard is no more a non profit organization than GM. Vanguard has revenue. Vanguard has expenses. Vanguard has more revenue than expenses. The leadership structure bene...
by bengal22
Tue Nov 26, 2019 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Friendly States
Replies: 421
Views: 30742

Re: Retirement Friendly States

When I drive others wave at me and some honk. I'm laughing at that. I'm sure people wave and honk at lots of drivers in New York, Massachusetts, and all other states as well. :twisted: I believe bengal was referring to a special welcoming gesture when he said "they make you feel your number one." :...
by bengal22
Mon Nov 25, 2019 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Friendly States
Replies: 421
Views: 30742

Re: Retirement Friendly States

RickBoglehead wrote:
Mon Nov 25, 2019 5:32 pm
bengal22 wrote:
Mon Nov 25, 2019 2:29 pm
I find that Ohio is very friendly to retirees. When I drive others wave at me and some honk. I feel very welcome. I am glad I chose Ohio where they make you feel your number one
Wrong thing to push, especially this week..

OHOWIHATEOHIOSTATE. :D

GO BLUE!
That state up north.
by bengal22
Mon Nov 25, 2019 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Friendly States
Replies: 421
Views: 30742

Re: Retirement Friendly States

I find that Ohio is very friendly to retirees. When I drive others wave at me and some honk. I feel very welcome. I am glad I chose Ohio where they make you feel your number one
by bengal22
Sat Nov 23, 2019 9:08 am
Forum: Investing - Theory, News & General
Topic: Vanguard brokerage account transition
Replies: 212
Views: 20885

Re: Vanguard brokerage account transition

I have never been asked to transition. I think I am on the same platform I have been on for over 30 years. I have a Roth, IRAs, and taxable account. Don't want to change either.
by bengal22
Tue Nov 19, 2019 7:44 am
Forum: Investing - Theory, News & General
Topic: Vanguard’s chief economist says [elevated risk of stock drawdowns]
Replies: 54
Views: 6627

Re: Vanguard’s chief economist says...

Pundits have been warning is for 4-5 years about a downturn. Eventually they will be correct. I will continue to stay the course of course.
by bengal22
Sun Nov 17, 2019 10:06 pm
Forum: Personal Investments
Topic: When do you take it off the table?
Replies: 23
Views: 4387

Re: When do you take it off the table?

When would I take it off the table?

When I no longer can fog a mirror.
by bengal22
Sat Nov 16, 2019 5:14 pm
Forum: Investing - Theory, News & General
Topic: Preparing for a down market
Replies: 78
Views: 7093

Re: Preparing for a down market

I have an asset allocation(55/45) that I can live with through thick or thin. I am 67. I do not keep cash that I won't spend in the next 4 weeks. An emergency fund is a lost opportunity. I have a pension and a spousal SSA until I hit 70. Then I will claim my SSA. During an up market I sell taxable m...
by bengal22
Sat Nov 16, 2019 11:34 am
Forum: US Chapters
Topic: South Florida Local Chapter
Replies: 452
Views: 113027

Re: South Florida Local Chapter

Unless the Bengals make the playoffs, I may attend this as well.
by bengal22
Wed Nov 13, 2019 12:45 am
Forum: Personal Finance (Not Investing)
Topic: How do wills work (in a case like mine)
Replies: 24
Views: 2471

Re: How do wills work (in a case like mine)

I am surprised if your bank or brokerage account won't allow you to name a secondary beneficiary. That way your child gets the monies if both you and your wife dies.. with a will you will have to go through probate and the court will bless the passing on of your estate. If the executor does not have...
by bengal22
Sun Nov 03, 2019 4:46 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 1907
Views: 207278

Re: [What TV Show Have You Recently Watched?]

Currently enjoying The Good Place season 3 and Silicon Valley season 5. Love them both.
by bengal22
Sun Nov 03, 2019 4:43 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 4387
Views: 1251918

Re: What Book Are You Currently Reading? Part VI

"Mastering Stand-Up" by Stephen Rosenfield. In November, I will be taking Rosenfield's stand-up class in NYC, and this book provides an excellent preparation. Those who can't make it to New York should read it for an excellent coverage of all aspects of stand-up, including looking for humor in your...
by bengal22
Thu Oct 31, 2019 7:15 pm
Forum: Personal Investments
Topic: If I save $65,000 a year for the next 25 years
Replies: 34
Views: 4461

Re: If I save $65,000 a year for the next 25 years

If you are disciplined enough to save 65K a year you will easily figure out how to survive your retirement.
by bengal22
Tue Oct 29, 2019 3:30 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 1907
Views: 207278

Re: [What TV Show Have You Recently Watched?]

First 2 episodes of HBO's Watchmen is great
by bengal22
Mon Oct 28, 2019 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: Medical billing vent
Replies: 9
Views: 1249

Re: Medical billing vent

My college daughter is out of state. She went to the orthopedist. When she got the bill, the receptionist was surprised it was so high. I got the EOB, logged into their payment sit and found a bill for $550 yet my cost was actually $29.77. So I called the office today. The billing apologized saying...
by bengal22
Mon Oct 28, 2019 3:52 pm
Forum: Personal Consumer Issues
Topic: Folks age between 65-70. What’s your exercise routine
Replies: 44
Views: 5166

Re: Folks age between 65-70. What’s your exercise routine

Pickleball 4-5 days a week. Highly addictive it is .
by bengal22
Mon Oct 28, 2019 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Help Dad do estate planning math and make adjustments
Replies: 45
Views: 2887

Re: Help Dad do estate planning math and make adjustments

If Dad wants to bequeath equally he should gift at value of real estate given to #1. At the time he gifted it to her. E mail makes no sense to me. Dad didn't gift the real estate, Mom did. Broken Man 1999 I did not say Dad did. If he wants to bequeath equally to all 3 children he should bequeath 2 ...
by bengal22
Mon Oct 28, 2019 7:44 am
Forum: Personal Finance (Not Investing)
Topic: Help Dad do estate planning math and make adjustments
Replies: 45
Views: 2887

Re: Help Dad do estate planning math and make adjustments

If Dad wants to bequeath equally he should gift at value of real estate given to #1. At the time he gifted it to her. E mail makes no sense to me.
by bengal22
Thu Oct 24, 2019 8:53 pm
Forum: Personal Consumer Issues
Topic: Restaurant suggestions for business dinner in Oklahoma City
Replies: 21
Views: 1719

Re: Restaurant suggestions for business dinner in Oklahoma City

Mahogany is great and would be perfect for business
by bengal22
Thu Oct 24, 2019 11:40 am
Forum: Personal Investments
Topic: Top tax bracket for life, taking RMDs, stop making 401k contributions?
Replies: 22
Views: 2031

Re: Top tax bracket for life, taking RMDs, stop making 401k contributions?

Being in the top tax bracket in retirement is not a bad problem to have