Search found 368 matches

by Prudence
Fri Sep 14, 2018 4:30 pm
Forum: Personal Consumer Issues
Topic: Backyard Deck Question
Replies: 2
Views: 363

Backyard Deck Question

A contractor is installing a deck at my house using Azek decking. I have to decide between grooved or un-grooved decking. As usual, each has its pros and cons. The contractor who is very experienced with this subject recommends the un-grooved because sometimes decks with grooved boards sing or whist...
by Prudence
Sun Sep 02, 2018 8:25 pm
Forum: Investing - Theory, News & General
Topic: Portfolio Construction: Total World Stock + TIPS or Treasuries
Replies: 40
Views: 3242

Re: Portfolio Construction: Total World Stock + TIPS or Treasuries

I would choose a variation of option B. As you know, TIPs should be held only to protect against unexpected inflation. So, I would hold no more than the amount needed to fund residual expenses. Let's say you retire at 65 and wish to fund a 25 year retirement and need $10,000 a year to cover residual...
by Prudence
Thu Aug 23, 2018 8:16 am
Forum: Personal Consumer Issues
Topic: Composite Decking Material
Replies: 41
Views: 3292

Re: Composite Decking Material

OP here. To add, my contractor recommended that we use pressure treated lumber for the infill on the railings (these are the vertical pieces that support the hand rails). He said they would be yellowish when installed and then turn to gray over time as they weather. He said that they are never a pro...
by Prudence
Mon Aug 20, 2018 12:50 pm
Forum: Personal Consumer Issues
Topic: Composite Decking Material
Replies: 41
Views: 3292

Re: Composite Decking Material

Was your IPE wood joined with nails or screws?
by Prudence
Mon Aug 20, 2018 9:20 am
Forum: Personal Consumer Issues
Topic: Composite Decking Material
Replies: 41
Views: 3292

Re: Composite Decking Material

Thank you for the tip, I will check it out. Meanwhile, I did a little research on reviews and evaluations of different composite brands and found mostly conflicting information which did not help in making a decision. If we go with the composite, we will probably opt for the better or best price poi...
by Prudence
Sun Aug 19, 2018 1:38 pm
Forum: Personal Consumer Issues
Topic: Composite Decking Material
Replies: 41
Views: 3292

Composite Decking Material

We have a 30 year old deck constructed with pressure treated wood. We are thinking of replacing the deck floor, steps and railings with a composite (keeping the existing infrastructure and footings). The contractor gave me a quote using the Azek gray brand of composite. Has anyone had any experience...
by Prudence
Thu Aug 09, 2018 7:24 am
Forum: Personal Consumer Issues
Topic: radon mitigation exposure concern, are we at risk?
Replies: 59
Views: 4105

Re: radon mitigation exposure concern, are we at risk?

There is no safe level of radon. The EPA came up with a number for when remediation is necessary at 4.0 pCi/L but it doesn't mean 3.9 is safe. I'm not an expert, just a homeowner that did a lot circumspect internet research. Take what I say with a grain of salt and do your own research. You already...
by Prudence
Sat Jul 28, 2018 10:02 am
Forum: Investing - Help with Personal Investments
Topic: Retirees: how much cash?
Replies: 61
Views: 6638

Re: Retirees: how much cash?

I am 71, retired for two years, and my portfolio is in cash. I don't like the stock or bond market so I am comfortable with cash for now. I am open to investing in stocks and bonds at some point, but, not now.
by Prudence
Fri Jul 20, 2018 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Appears that Medicare Guaranteed Issue Plan F will be replaced with G
Replies: 40
Views: 3317

Re: Appears that Medicare Guaranteed Issue Plan F will be replaced with G

FYI, we had Plan F in 2016 and 2017 and were very happy with it. We switched to Plan G in January and have been very happy so far.
by Prudence
Sat Jul 14, 2018 9:35 pm
Forum: Investing - Help with Personal Investments
Topic: Received $1m windfall with additional upside; looking for feedback on plan to hedge against market correction
Replies: 44
Views: 7499

Re: Received $1m windfall with additional upside; looking for feedback on plan to hedge against market correction

You are young and it appears that you don't have any big expenditures in your budget over the next several years. So, I would subtract any needed cash reserves and invest the rest in one, two or three index funds. I like ETFs but I think a mutual fund is fine (total world or total US). A 90 to 100% ...
by Prudence
Tue Jun 05, 2018 10:07 pm
Forum: Personal Consumer Issues
Topic: Severance Package Question
Replies: 60
Views: 6134

Re: Severance Package Question

I think they are treating you fairly given number of years worked. Companies generally need to treat all employees the same to avoid discrimination claims. So, they would probably not negotiate a package that is better than the other directors at your level.
by Prudence
Tue Jun 05, 2018 6:03 pm
Forum: Personal Consumer Issues
Topic: New Medicare card
Replies: 28
Views: 2026

Re: New Medicare card

No, I would not block out any of the ID number. FYI, today I went to the doctor whom I have been seeing regularly for years. The receptionist asked me if I had a new Medicare card so I gave it to her and she keyed in my number.
by Prudence
Sun Jun 03, 2018 8:58 am
Forum: Investing - Theory, News & General
Topic: PenFed 3% 5 year certificates are back.
Replies: 15
Views: 2342

Re: PenFed 3% 5 year certificates are back.

I don't think this is very attractive, since the 10 year Treasury note rate is already around 3% and likely to go higher. Also, here is the early withdrawal penalty from the certificate application: 2) Certificates Having a Term Greater Than Six Months. a) If redeemed within the first year, all divi...
by Prudence
Fri Jun 01, 2018 9:08 pm
Forum: Personal Consumer Issues
Topic: Microsoft Edge versus Chrome
Replies: 27
Views: 1891

Re: Microsoft Edge versus Chrome

Why do you like Chrome?
by Prudence
Fri Jun 01, 2018 8:49 pm
Forum: Personal Consumer Issues
Topic: Microsoft Edge versus Chrome
Replies: 27
Views: 1891

Microsoft Edge versus Chrome

I have Windows 10 on my Dell laptop and I have the Microsoft Edge browser. When I prepare to download Chrome, I get this message that says I should stay with Microsoft because it is superior (faster etc.) with Windows 10. Is this just marketing or should I replace Edge with Chrome? What is your expe...
by Prudence
Thu May 31, 2018 9:13 am
Forum: Investing - Theory, News & General
Topic: Is inflation the greatest risk to retirement portfolios?
Replies: 100
Views: 8722

Re: Is inflation the greatest risk to retirement portfolios?

No it doesn't. I need $100k purchasing power pretax as retirement income. Average tax 20%, so I need $80k purchasing power for retirement. Rampant inflation, my $100k is only worth $50k in purchasing power (inflation reduced my purchasing power by half)...lucky me, I invested all that $100k on TIPS...
by Prudence
Thu May 31, 2018 6:32 am
Forum: Investing - Theory, News & General
Topic: Is inflation the greatest risk to retirement portfolios?
Replies: 100
Views: 8722

Re: Is inflation the greatest risk to retirement portfolios?

No it doesn't. I need $100k purchasing power pretax as retirement income. Average tax 20%, so I need $80k purchasing power for retirement. Rampant inflation, my $100k is only worth $50k in purchasing power (inflation reduced my purchasing power by half)...lucky me, I invested all that $100k on TIPS...
by Prudence
Wed May 30, 2018 10:17 am
Forum: Investing - Theory, News & General
Topic: Is inflation the greatest risk to retirement portfolios?
Replies: 100
Views: 8722

Re: Is inflation the greatest risk to retirement portfolios?

My simplified understanding (I have only a rudimentary understanding of bonds in general), from David Swensen’s teachings, is that TIPS are protection against inflation and treasuries serve as protection against deflation. He recommends 50/50 of these in your bond allocation. What if you just hold ...
by Prudence
Tue May 29, 2018 12:46 pm
Forum: Investing - Theory, News & General
Topic: Bernstein - CD + Treasuries + Munis VS Vanguard Total Bond ??
Replies: 14
Views: 2163

Re: Bernstein - CD + Treasuries + Munis VS Vanguard Total Bond ??

Yes I use CDs and a guaranteed rate fund and own no bonds or bond funds. So far I am doing fine with keeping up with inflation. I would prefer to take risk on equities rather than bonds. At some point, I may buy a ST TIPS fund but doubt I will ever hold a non-TIPS bond fund.
by Prudence
Tue May 29, 2018 9:43 am
Forum: Investing - Theory, News & General
Topic: Is inflation the greatest risk to retirement portfolios?
Replies: 100
Views: 8722

Re: Is inflation the greatest risk to retirement portfolios?

What if we change the OP's question a bit and suppose he's willing to hold equities as well as TIPS? So suppose his original question had been: "Why should anyone hold nominal bonds? I want to have a 60/40 portfolio. Why should the 40% portion (that is allocated to bonds) be in anything but TIPS? A...
by Prudence
Sun May 27, 2018 9:10 pm
Forum: Investing - Theory, News & General
Topic: Is inflation the greatest risk to retirement portfolios?
Replies: 100
Views: 8722

Re: Is inflation the greatest risk to retirement portfolios?

In general, yes. I like Bernstein's work. Oversimplified, this means build a TIPs ladder to fully fund your residual expenses over your remaining years (LMP). Then feel free to invest the rest of your portfolio as you choose e.g. 100% equities or whatever. For many bogleheads, this strategy could en...
by Prudence
Sun May 27, 2018 9:56 am
Forum: Personal Consumer Issues
Topic: Vacation Rental Question
Replies: 5
Views: 830

Vacation Rental Question

We live in Maryland and occasionally get a rental at an ocean destination in Delaware, NC, or SC etc. We usually rent from a realtor who is managing the rental for the owner but last September got a rental from an owner in Duck, NC via Homeaway. It was a really nice property that we rented at the la...
by Prudence
Mon May 21, 2018 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a Vacation Rental Property as an Investment
Replies: 53
Views: 4908

Re: Buying a Vacation Rental Property as an Investment

This is a very timely post. My daughter wants us to partner with her on buying a vacation house which she (and us) would use for occasional getaways and vacations and rent out for short term rentals. So, maybe she would rent it out for 60 or 70 days a year (probably in the summer) or whatever the ma...
by Prudence
Thu May 03, 2018 10:53 am
Forum: Personal Consumer Issues
Topic: id.me
Replies: 5
Views: 917

id.me

Yesterday I made an online purchase and the company offers a 15% discount to military veterans. To get the discount I would have had to log in to id.me and enter my SSN and upload a copy of my DD214. I was nervous about sharing this info so I skipped the discount. Do any of you have any experience, ...
by Prudence
Mon Apr 30, 2018 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Gift Question [Gift Tax]
Replies: 30
Views: 1870

Re: Gift Question [Gift Tax]

Interesting. Maybe they can qualify to buy this second home and make the down payment on their own and then after the sale is completed I could then give her the gift (so they can replenish their funds).
by Prudence
Sun Apr 29, 2018 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Gift Question [Gift Tax]
Replies: 30
Views: 1870

Re: Gift Question

Thanks all!
J
by Prudence
Sun Apr 29, 2018 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Gift Question [Gift Tax]
Replies: 30
Views: 1870

Re: Gift Question

So, we can give my daughter $70,000 plus and she can use the funds for whatever?
by Prudence
Sun Apr 29, 2018 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Gift Question [Gift Tax]
Replies: 30
Views: 1870

Gift Question [Gift Tax]

I am retired. My daughter needs about $70,000 for the down payment to buy a second home in Virginia. We all live in Maryland. I can give her the money but would rather not have any legal ownership responsibility (i.e. our names not on the deed etc.). I don't want to pay any gift tax. Maryland and Vi...
by Prudence
Sat Apr 21, 2018 6:04 pm
Forum: Investing - Theory, News & General
Topic: Why is the SEC yield the one that Vanguard displays?
Replies: 39
Views: 4726

Re: Why is the SEC yield the one that Vanguard displays?

I agree Kevin. (I was confused by your previous comments that institutional investors would have already anticipated and priced in the future increase in rates; I thought this meant that the bond fund price would not be negatively impacted when the rate increase actually occurred).
by Prudence
Sat Apr 21, 2018 5:54 pm
Forum: Personal Consumer Issues
Topic: Medicare Questions
Replies: 49
Views: 3828

Re: Medicare Questions

To the OP, I would not do ANYTHING until you get the EOB from medicare and your supplement. Then make sure it is accurate. Word to the wise for ALL consumers never pay a medical bill unless your EOB confirms the same. Good luck. Good advice, that is what I plan to do. Since I wrote my post I have i...
by Prudence
Sat Apr 21, 2018 9:52 am
Forum: Investing - Theory, News & General
Topic: Why is the SEC yield the one that Vanguard displays?
Replies: 39
Views: 4726

Re: Why is the SEC yield the one that Vanguard displays?

Very clear as usual Kevin. If rates (say ten year Treasury) are expected to increase one percent in one year and they do, does this mean that the share price (return) of the fund should not be adversely impacted?
by Prudence
Fri Apr 20, 2018 7:50 am
Forum: Investing - Theory, News & General
Topic: Why is the SEC yield the one that Vanguard displays?
Replies: 39
Views: 4726

Re: Why is the SEC yield the one that Vanguard displays?

Does SEC yield assume no changes in interest rates (since they cannot be predicted)? So, suppose I buy a bond fund with a 3% SEC Yield and average duration of six years. If market interest rates drop one percent and I sell my position one year later, will my yield be negative for the time I held the...
by Prudence
Thu Apr 19, 2018 8:40 am
Forum: Personal Consumer Issues
Topic: Medicare Questions
Replies: 49
Views: 3828

Re: Medicare Questions

<r><QUOTE author="Spirit Rider" post_id="3885367" time="1523981053" user_id="717"><s> </s> Also, there are actually three categories of Medicare billing from providers:<LIST type="decimal"><s> </s> <LI><s> </s>Accept assignment: They agree to accept Medicare payment schedules including deductibles a...
by Prudence
Tue Apr 17, 2018 5:43 pm
Forum: Personal Consumer Issues
Topic: Medicare Questions
Replies: 49
Views: 3828

Re: Medicare Questions

SpiritRider, So you mean that only category 1 or 2 could apply in our case, correct? See the following Medicare.gov link Lower costs with assignment What to know about private contracts You can't be asked to sign a private contract for emergency or urgent care. Ok, read it, thanks. I wonder if ther...
by Prudence
Tue Apr 17, 2018 1:46 pm
Forum: Personal Consumer Issues
Topic: Medicare Questions
Replies: 49
Views: 3828

Re: Medicare Questions

Also, there are actually three categories of Medicare billing from providers: Accept assignment: They agree to accept Medicare payment schedules including deductibles and co-payments/co-insurance. Plan G will pay everything Medicare doesn't pay except for the Part B deductible. Do not accept assign...
by Prudence
Tue Apr 17, 2018 12:06 pm
Forum: Personal Consumer Issues
Topic: Medicare Questions
Replies: 49
Views: 3828

Re: Medicare Questions

Thanks all. Great stuff!
J
by Prudence
Tue Apr 17, 2018 9:37 am
Forum: Personal Consumer Issues
Topic: Medicare Questions
Replies: 49
Views: 3828

Re: Medicare Questions

Good point. I was concerned about that too. Under the circumstances (to the ER and then straight to surgery), we were not offered any choices regarding things like anesthesiologists, so I am wondering where we might have messed up or how to handle this proactively the next time this happens.
by Prudence
Tue Apr 17, 2018 8:56 am
Forum: Personal Consumer Issues
Topic: Medicare Questions
Replies: 49
Views: 3828

Medicare Questions

My wife (age 66) had surgery several days ago and this is the first time we have used Part A. When she was admitted to the hospital ER we gave them the insurance information. We have Medicare, Supplemental Plan G with Carefirst and Plan D. I just received a bill from the anesthesia doctor for April ...
by Prudence
Mon Apr 02, 2018 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion Question
Replies: 7
Views: 524

Re: Roth Conversion Question

Your assumptions are correct, provided you take your entire RMD first each calendar year before doing any Roth conversions. But why drive your tax bill higher after age 70? And possibly your Medicare IRMAA tier as well? I'm 68 and doing modest Roth conversions the past few years. But once 2020 gets...
by Prudence
Mon Apr 02, 2018 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion Question
Replies: 7
Views: 524

Re: Roth Conversion Question

Suppose an individual is 71 and has a traditional IRA (all pre-tax). And suppose, going forward, based on the new Federal tax law, he and his spouse (married filing jointly) will be paying either the 22% or 24% tax rate on each required mandatory distribution (RMD). The 24% tax bracket applies to i...
by Prudence
Mon Apr 02, 2018 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion Question
Replies: 7
Views: 524

Re: Roth Conversion Question

Those who are subject to RMD must take RMD first before doing any Roth conversions. The RMD cannot be converted to Roth. In your example, where they convert 150K to stay in the 24% bracket should be adjusted to 150K of additional income where conversion amount is 150K - RMD amount. Having higher AG...
by Prudence
Mon Apr 02, 2018 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion Question
Replies: 7
Views: 524

Roth Conversion Question

Suppose an individual is 71 and has a traditional IRA (all pre-tax). And suppose, going forward, based on the new Federal tax law, he and his spouse (married filing jointly) will be paying either the 22% or 24% tax rate on each required mandatory distribution (RMD). The 24% tax bracket applies to in...
by Prudence
Sun Apr 01, 2018 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion
Replies: 3
Views: 418

Re: Roth Conversion

PFInterest wrote:
Sun Apr 01, 2018 3:36 pm
You just use the new bracket #'s.
I am sorry I don't understand. Do you mean that I should go into the model and change the bracket numbers or is there some way to select them in the model (seems like the 2017 bracket numbers are no longer relevant for the Roth conversion part).
by Prudence
Sun Apr 01, 2018 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion
Replies: 3
Views: 418

Roth Conversion

Has the retiree portfolio model in the BH wiki, specifically the roth conversion section, been updated, if necessary, for the new tax law changes? I wonder if I can use it to help calculate or analyze a roth conversion (from tIRA to Roth IRA) for the 2018 tax year? https://www.bogleheads.org/wiki/Re...
by Prudence
Wed Mar 28, 2018 6:00 pm
Forum: Investing - Help with Personal Investments
Topic: Questions on TIPS
Replies: 25
Views: 2160

Re: Questions on TIPS

So my question on TIPS is in the context of taking out a fixed amount of money from a TIPS investment and keeping up with inflation for that period of time. Specifically, Lets say I have 1.8 million and want to withdraw 120k every year for the next 15 years and keep up with inflation. Am I correct ...
by Prudence
Sun Mar 25, 2018 8:02 am
Forum: Personal Finance (Not Investing)
Topic: Document Retention Question
Replies: 4
Views: 618

Re: Document Retention Question

Should I keep the original documents or just scanned to the cloud?
Thanks
by Prudence
Sat Mar 24, 2018 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Document Retention Question
Replies: 4
Views: 618

Document Retention Question

We (wife and me) live in Maryland. We bought a house in 1976 and sold it in 1980 when we bought another house which we still live in. We paid off the mortgage in early 2017. Is there any reason that we should keep the documents (we still have them in a file cabinet) relative to the first house that ...
by Prudence
Wed Mar 21, 2018 7:45 am
Forum: Personal Consumer Issues
Topic: SE Washington DC job - where to live?
Replies: 55
Views: 3731

Re: SE Washington DC job - where to live?

I think Metro and public transportation are high priced, unreliable, subject to substantial delays, and more and more, unsafe. So, if she has free parking, I would be inclined to live in Alexandria VA and commute by car.
by Prudence
Fri Mar 16, 2018 1:26 pm
Forum: Personal Consumer Issues
Topic: Thoughts on Myrtle Beach
Replies: 26
Views: 3019

Re: Thoughts on Myrtle Beach

I have visited MB many times for a one or two week vacation. I love golf and the beach itself is great. If you are not into golf, I won't comment on that. Except for the beach, there is not much reason to be there. Tons of folks walk on the beach every day and they love it. MB is rather cold in the ...