Search found 147 matches

by Blister
Thu Mar 26, 2020 9:22 pm
Forum: Investing - Theory, News & General
Topic: So bottom is probably behind us....right?
Replies: 435
Views: 29695

Re: So bottom is probably behind us....right?

Not that it matters for a long term investor, but I would not be calling a bottom in the market until we see a flattening of the curve of new covid 19 cases. The US is still on the steep part of the exponential curve. I dont think people are taking this seriously enough with all the talk of putting ...
by Blister
Tue Mar 17, 2020 10:13 am
Forum: Investing - Theory, News & General
Topic: Would the Fed buy Stocks?
Replies: 6
Views: 309

Would the Fed buy Stocks?

Its my understanding that the Fed uses its power to buy Tresuries to lower the interest rate and increase money supply. With the Fed rate now at zero it doesn't seem like they have too many arrows left in the quiver. Could the Fed enter the equities market and start buying say index funds or etf's t...
by Blister
Tue Mar 17, 2020 10:04 am
Forum: Investing - Theory, News & General
Topic: Tax experts
Replies: 10
Views: 629

Re: Tax experts

I'm not a tax expert but I do quarterly tax payment thru the year estimated to cover my income and Roth conversions. Doesn't or at least hasn't seemed to affect when I do the conversion. Now seems like a good time to do a Roth conversion to catch (hopefully) a stock rebound later this year. The real...
by Blister
Tue Mar 17, 2020 9:46 am
Forum: Personal Investments
Topic: Is anyone considering starting Social Security earlier than planned? (Or later?)
Replies: 7
Views: 517

Re: Is anyone considering starting Social Security earlier than planned? (Or later?)

David Jay wrote:
Mon Mar 16, 2020 8:17 pm
I have built my portfolio so that I am not spending any equities during the first 6 years of retirement, so I do not need to change my plan based on short term volatility.
1+
by Blister
Sun Mar 08, 2020 3:18 pm
Forum: Investing - Theory, News & General
Topic: [Why aren't forum members following the "Stay the course" approach?]
Replies: 366
Views: 23904

Re: Disappointed in forum members

RJC wrote:
Sat Feb 29, 2020 8:28 pm
"Everybody has a plan until they get punched in the mouth." - Mike Tyson
LOL +1
by Blister
Sun Mar 08, 2020 3:12 pm
Forum: US Chapters
Topic: Bogleheads community discussion - Coronavirus
Replies: 4760
Views: 172993

Re: Coronavirus and the market

the question is whether or not the bad news is factored in. We might see 1000s of cases once testing starts. When does it start widely, and will that affect the market. Testing is probably only going to show good news. People who require hospitalization and people who have died are already counted....
by Blister
Fri Feb 21, 2020 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: EE Bonds with POD - Tax Implications
Replies: 8
Views: 546

Re: EE Bonds with POD - Tax Implications

Blister wrote: ↑Wed Feb 19, 2020 11:08 pm Unless the owner of the bond has been paying tax on the interest yearly. (which would be unusual) The the beneficiary would pay taxes on the interest when the bonds are redeemed. There is no step up in basis like inherited equities would have. At least that ...
by Blister
Fri Feb 21, 2020 1:42 pm
Forum: Personal Investments
Topic: I sold all my Apple shares today.
Replies: 40
Views: 6798

Re: I sold all my Apple shares today.

Apple is the second largest holding in VTI so you still have some in your portfolio. So don't feel bad if the price keeps going up.

:beer
by Blister
Wed Feb 19, 2020 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: EE Bonds with POD - Tax Implications
Replies: 8
Views: 546

Re: EE Bonds with POD - Tax Implications

Unless the owner of the bond has been paying tax on the interest yearly. (which would be unusual) The the beneficiary would pay taxes on the interest when the bonds are redeemed. There is no step up in basis like inherited equities would have. At least that was the case when my wife inherited hers a...
by Blister
Wed Feb 19, 2020 11:42 am
Forum: Personal Investments
Topic: Help Learning About Investing
Replies: 52
Views: 2042

Re: Help Learning About Investing

There are a few things I would suggest and am sure others will chime in. I would keep my 401k at 6% to get all the match. Thats free money. Also the rates you are paying on your 2nd mortage and credit cards are fairly high and I would put as much money as possible in paying off those. You are guaren...
by Blister
Wed Feb 19, 2020 11:29 am
Forum: Personal Investments
Topic: Switch to a different ETF from VTI?
Replies: 19
Views: 1298

Re: Switch to a different ETF from VTI?

I own both VTI and MGK in my taxable account. I also hold smaller amounts in Small cap value and growth and mid caps. The bulk of my holdings are in VTI because I like the idea of holding the entire market. My thoughts were if I do get a loss in one sector I could tax loss harvest. But so far fortun...
by Blister
Thu Feb 13, 2020 8:59 pm
Forum: Personal Investments
Topic: Roth conversion early or late?
Replies: 6
Views: 700

Roth conversion early or late?

Just trying to get some opinions. Have been doing some tIRA to Roth conversions since retirement since retiring and was thinking whether it makes more sense to do this early in the year or wait till December. Any thoughts ... What do others do in this situation?
by Blister
Sun Jan 19, 2020 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Career change at 47
Replies: 116
Views: 11209

Re: Career change at 47

Life is short. Find something you enjoy and do it. It wont be easier when you are 57.
by Blister
Sun Jan 19, 2020 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Why retire?
Replies: 267
Views: 16617

Re: Why retire?

As a retired physician I can understand your view point. At 38 I also enjoyed my career and made a good living for my family and myself. I hope you will contine to feel that way but just in case your health fails or your working environment changes (and healthcare will continue to change rapidly dur...
by Blister
Fri Jan 17, 2020 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax price drop.
Replies: 5
Views: 1140

TurboTax price drop.

I dont have a Fidelity account so cant get the free version. Anyway I like to get the download (I have a Mac no CD drive) so I can help my sister with her taxes. Price is now $39.88 on Amazon. Anyone have a lower price? (TurboTax Delux) Should I wait for a further drop.. Still dont have all my 1099's
by Blister
Fri Jan 17, 2020 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Realized we made a major mistake and feeling really sick.
Replies: 162
Views: 14180

Re: Realized we made a major mistake and feeling really sick.

Friend of mine sold is business to a large corporation for $250K in options By the time he could sell them the company was bankrupt. Essentially gave away his company. Now he felt "sick"

water under the bridge my friend
by Blister
Fri Dec 27, 2019 10:51 am
Forum: Investing - Theory, News & General
Topic: My Christmas Gift to You Seventy-Five Years Ago
Replies: 74
Views: 6965

Re: My Christmas Gift to You Seventy-Five Years Ago

The previous post echo my sentiments
Thank you Taylor.
by Blister
Sat Nov 30, 2019 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: my annual financial checkup: what a kooky year
Replies: 12
Views: 1905

Re: my annual financial checkup: what a kooky year

Personally I do my net worth once a month. May be a bit OCD. I dont usually make any changes but just like to keep an eye on the eggs in the basket. Retired about 2.5 years ago and my net worth has grown since that time. My wife is taking her small social security every month and I filed for spousal...
by Blister
Thu Sep 05, 2019 10:18 am
Forum: Personal Finance (Not Investing)
Topic: old ESOP account
Replies: 4
Views: 367

Re: old ESOP account

Thanks for the help but Ive tried all those sites and still no luck. Will keep researching this.
by Blister
Sun Sep 01, 2019 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: old ESOP account
Replies: 4
Views: 367

old ESOP account

My sister recently received a letter from Social Security Administration titled "Potential Private Retirement Benefit Information" Apparently she worked for a small local company for a few years that had an employee stock ownership plan. She did not recall any details about this and has not been rec...
by Blister
Wed Aug 07, 2019 1:05 pm
Forum: Personal Investments
Topic: Proposed Intra Family Property Transfer
Replies: 18
Views: 1067

Re: Proposed Intra Family Property Transfer

Another take on this would be if the parents sold the lot at FMV to the son but financed the sale. Thats assuming the son would need financing. Parents get the money on a monthly basis and any remainder on the mortage would be part of the estate which the brothers would divide. Thus the buying broth...
by Blister
Sun Jun 09, 2019 4:19 pm
Forum: Personal Investments
Topic: 1.5 millon in cash to invest
Replies: 22
Views: 2593

Re: 1.5 millon in cash to invest

Whatever you do, don't feel like you have to make a quick decision. Since it's already in cash it's not going anywhere. You can take some time to research what might work best for you. Take some time to come up with a investment plan that meets your needs and lets you sleep well at night.

1+
by Blister
Fri Jun 07, 2019 10:44 am
Forum: Investing - Theory, News & General
Topic: Social Security Question
Replies: 15
Views: 1324

Re: Social Security Question

My thoughts were the predicted reduction probably doesnt matter and delaying benefits would still be benificial long term. I did not intend for this to become a political topic. But as the law currently in effect could play a role in the decision. Thanks for the link.
by Blister
Fri Jun 07, 2019 10:20 am
Forum: Personal Consumer Issues
Topic: Lodging and restaurants in Boone, NC.
Replies: 21
Views: 1681

Re: Lodging and restaurants in Boone, NC.

Those not from the south may want to try the Daniel Boone Inn for one meal. There the food is served Family style. You sit at a big table with others and pass the bowl. Truly a learning experience.
by Blister
Fri Jun 07, 2019 10:09 am
Forum: Investing - Theory, News & General
Topic: Social Security Question
Replies: 15
Views: 1324

Social Security Question

Currently Social Security is on track to reduce benefits in 2035 unless the laws are changed. Does this fact affect anyone's decision as to when to take Social Security. I am currently taking spousal benefits and am waiting till age 70 to start my own. Just curious as to the thoughts about this.
by Blister
Fri Jun 07, 2019 10:01 am
Forum: Personal Investments
Topic: Chewy IPO
Replies: 43
Views: 3721

Re: Chewy IPO

My wife uses Chewy mainly for cat litter. She doesn't like lugging those heavy boxes home from the store. Their prices are competitive but with the weight of that product I imagine they are loosing money on the free delivery. I would not invest in the stock.
by Blister
Fri Jun 07, 2019 9:58 am
Forum: Personal Investments
Topic: $1.5M - My investment plan, Your advice/suggestions
Replies: 17
Views: 4181

Re: $1.5M - My investment plan, Your advice/suggestions

I would not worry about the $500K limit. That seems to be the least of the possible risk of investing. Keep it simple and stay in one firm. Your spouse will thank you later.
by Blister
Mon May 20, 2019 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Opening a Pediatric practice as a Pediatric Nurse Practitioner
Replies: 66
Views: 5387

Re: Opening a Pediatric practice as a Pediatric Nurse Practitioner

Being a retired physician and having run a small private practice for several years, I can tell you that there are lots of unforseen headaches associated with the business side. I was happy to sell the practice about 10 years ago and worked for a large group until I retired. The regulations and pape...
by Blister
Mon May 20, 2019 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Completely freaked out about withdrawing from retirement accounts....
Replies: 75
Views: 11003

Re: completely freaked out about withdrawing from retirement accounts....

I've been retired for about 2 years now and agree there was some anxiety in spending instead of savings. Especially with my spouse insisting on a kitchen remodel right after I retired. Fortunately with a good market my balance is slightly better than 2 years ago. Plus our expenses are not excessive....
by Blister
Mon Mar 25, 2019 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Should I amend my tax return?
Replies: 2
Views: 408

Should I amend my tax return?

Prior to retiring I had are of a couple of LLC's that generated K1 reports. Had been using an accountant to do taxes as he knew where to put the numbers. When I retired My ownership in these when away so for 2018 taxes were rather simple and used Turbotax to do my own. Today I received a K1 from an ...
by Blister
Sun Feb 17, 2019 11:39 am
Forum: Personal Investments
Topic: Time to pull the plug?
Replies: 15
Views: 2997

Re: Time to pull the plug?

If you didn't have the fund today, would you purchase it?

There is your answer.

+2
by Blister
Mon Feb 04, 2019 11:57 am
Forum: Personal Investments
Topic: Choosing between eliminating PMI or investing
Replies: 18
Views: 1745

Re: Choosing between eliminating PMI or investing

Yes this is a no brainer Eliminate the PMI
by Blister
Wed Jan 30, 2019 12:31 pm
Forum: Personal Investments
Topic: Vanguard Changed Account from Mutual Fund to Brokerage Account
Replies: 15
Views: 1923

Re: Vanguard Changed Account from Mutual Fund to Brokerage Account

From my prespective it hasn't changed anything significantly.
by Blister
Thu Dec 13, 2018 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Is it a Five-Twenty-Nine or a Five-Two-Nine Plan
Replies: 29
Views: 1690

Re: Is it a Five-Twenty-Nine or a Five-Two-Nine Plan

:confused

and this is important because?????
by Blister
Sun Dec 09, 2018 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: ACA, COBRA, and Medicare
Replies: 9
Views: 903

Re: ACA, COBRA, and Medicare

I had similar situation last year and basically did Option 1. Everything worked out well.
by Blister
Tue Dec 04, 2018 12:01 pm
Forum: Personal Investments
Topic: Vang Wellesley for Retirement
Replies: 45
Views: 7114

Re: Vang Wellesley for Retirement

SEC Rule 156 "Past Performance Is Not Indicative Of Future Results"

I too own some Wellesley but don't expect it to do better than the market over time.

Good Luck.
by Blister
Thu Nov 29, 2018 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Estimating amount for IRA conversion to Roth
Replies: 14
Views: 1321

Estimating amount for IRA conversion to Roth

I have recently retired and planning to use the few years between claiming social security and starting RMDs to convert IRA money to my Roth. Does anyone know of a good tool or calculator to estimate how much I can convert from my tIRA to Roth and still stay under the 22% bracket. I've tried using t...
by Blister
Fri Nov 16, 2018 11:30 pm
Forum: Personal Investments
Topic: Trying to Decide Future Investments
Replies: 19
Views: 1703

Re: TRYING TO DECIDE FUTUTRE INVESTMENTS

Agree with above comments indexed annuities ........Sad!
by Blister
Fri Nov 16, 2018 11:22 pm
Forum: Personal Investments
Topic: Old VALIC annuity
Replies: 3
Views: 370

Re: Old VALIC annuity

The 4.5% return is net of any fees. No cost to surrender or transfer.
by Blister
Fri Nov 16, 2018 3:25 pm
Forum: Personal Investments
Topic: Old VALIC annuity
Replies: 3
Views: 370

Old VALIC annuity

I have an old Valic Fixed interest annuity in a 403b from years ago. Earning a guaranteed 4.5% interest. There is no surrender charge. I will not have to take any distribution from this for 3 more years when RMD starts. Until recently this was a decent fixed income but with rising interest rates I w...
by Blister
Tue Nov 13, 2018 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Flood Insurance- When is it necessary?
Replies: 15
Views: 1453

Re: Flood Insurance- When is it necessary?

Glad I live on a hill.
by Blister
Mon Sep 24, 2018 7:15 pm
Forum: Personal Consumer Issues
Topic: What is your single most expensive mistake?
Replies: 293
Views: 28120

Re: What is your single most expensive mistake?

Sold Iomega short but covered too soon could have made much more. So much for market timing.
by Blister
Mon Sep 24, 2018 7:13 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2017!
Replies: 328
Views: 76765

Re: Roll Call for the Retirement Class of 2017!

saw this today

I retired May 31 2017 so far doing well. Net worth actually increase even with DW doing a kitchen make over. :oops: but the market has been good so far. Will see how 2018 pans out.
by Blister
Fri Aug 31, 2018 8:34 pm
Forum: Personal Investments
Topic: How to handle assets in old taxable account
Replies: 10
Views: 880

Re: How to handle assets in old taxable account

I would just "tear off the bandaid" Pay your taxes and put your money in low expense ratio funds or ETFs that fit into your asset allocation. easy peasy Yes, you could wait till a pull back and pain less taxes on less gains . IF the total capital gains throws you into an even higher tax bracket then...
by Blister
Thu Aug 30, 2018 11:46 am
Forum: Personal Investments
Topic: How to Begin with 1M
Replies: 150
Views: 23676

Re: How to Begin with 1M

Tylerlearning Just reading thru this thread this AM. I get the feeling that you are very overwhelmed at this point. You have been given lots of good advice but I feel your hesitation in making any changes. I am going to take a different approach. I advise you to do nothing for at least a month. You ...
by Blister
Wed Aug 22, 2018 9:57 am
Forum: Personal Investments
Topic: Asked my advisor about fees and here's their reply
Replies: 60
Views: 9611

Re: Asked my advisor about fees and here's their reply

Can only echo what others have said. Take time now to educate yourself about asset allocation and simplifying your portfolio. I feel your portfolio is way to complicated. With a fairly simple portfolio you can do as good as if not better than the majority of folks out there. You basically need only ...
by Blister
Fri Aug 17, 2018 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone sell their car to Carmax or webuyanycar.com?
Replies: 34
Views: 12363

Re: Anyone sell their car to Carmax or webuyanycar.com?

I've sold several cars to individuals over the years and found it to be not too much of a hassle. Recently helped my daughter sell her car and decided to give Carmax a try. Their offer was about 40% less than what I was asking and 25% less than I got from a private party. Certainly it took longer to...
by Blister
Sat Aug 04, 2018 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: IRA conversion or take capital gains?
Replies: 8
Views: 667

IRA conversion or take capital gains?

I retired last year and am waiting until age 70 to file for my SS. I have sufficient moneys in my taxable accounts to cover expenses. DW filled for SS this year and I will be getting spousal benefits on her account. Being in a low tax bracket I was considering doing IRA conversions to Roth to fill u...