Search found 357 matches

by Prudence
Tue Jun 05, 2018 10:07 pm
Forum: Personal Consumer Issues
Topic: Severance Package Question
Replies: 59
Views: 5265

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: 1704

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: 2249

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: 1689

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: 1689

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: 8289

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: 8289

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: 8289

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: 2013

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: 8289

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: 8289

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: 794

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: 4470

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: 875

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: 1733

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: 1733

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: 1733

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: 1733

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: 4125

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: 3443

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: 4125

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: 4125

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: 3443

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: 3443

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: 3443

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: 3443

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: 3443

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: 3443

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: 482

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: 482

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: 482

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: 482

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: 387

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: 387

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: 2053

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: 577

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: 577

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: 3446

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: 2879

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 ...
by Prudence
Wed Mar 14, 2018 9:56 am
Forum: Personal Finance (Not Investing)
Topic: "An Ideal Retirement Spending Strategy?" (from Oblivious Investor)
Replies: 31
Views: 5225

Re: "An Ideal Retirement Spending Strategy?" (from Oblivious Investor)

I like the strategy except that recently, as influenced by the comments of Buffet and others, I am inclined to substitute cash equivalents for bonds in the risk portfolio. So, instead of going 60/40 or 50/50 stocks/bond allocation, I think it makes more sense to go, for example, 80/20 stocks/cash eq...
by Prudence
Fri Feb 16, 2018 8:48 am
Forum: Investing - Help with Personal Investments
Topic: Torn between Vanguard, Fidelity and Schwab
Replies: 171
Views: 19446

Re: Torn between Vanguard, Fidelity and Schwab

I am currently at Vanguard. Are there any noticeable differences in the three companies regarding establishing beneficiaries and/or TODs (transfer on death) on your accounts (e.g. does one or another offer more or less restrictive options)?
by Prudence
Fri Feb 16, 2018 8:41 am
Forum: Investing - Help with Personal Investments
Topic: Torn between Vanguard, Fidelity and Schwab
Replies: 171
Views: 19446

Re: Torn between Vanguard, Fidelity and Schwab

How would one go about moving assets out of Vanguard into Schwab , for example? Would he/she need to sell VTSAX, pay capital gains and then buy Schwab Total Market or can one just keep move VTSAX to Schwab and pay the same expense ration and no fees just like at Vanguard? My plan is to have Vanguar...
by Prudence
Thu Feb 15, 2018 9:26 am
Forum: Personal Consumer Issues
Topic: Work-out schedule for those in 60s
Replies: 78
Views: 6874

Re: Work-out schedule for those in 60s

Another question. After lifting I have been taking GNC ANC Extreme 60 protein supplement for many years now. So, maybe two or three times per week. I am 71. I wonder if at this age I should stop the supplement or modify the routine. I eat plenty of protein (eggs, chicken, fish etc.). The Extreme 60 ...
by Prudence
Tue Feb 13, 2018 10:40 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard TIPS
Replies: 10
Views: 1124

Re: Vanguard TIPS

Where would there be available info. on setting up a TIPS ladder. And, if you don't mind my asking dbr, what do you do? Thanks much. FYI, this thread includes a posting with a spreadsheet to assist with building a TIPs bond ladder using secondary market TIPs. https://www.bogleheads.org/forum/viewto...
by Prudence
Sun Feb 11, 2018 8:47 am
Forum: Investing - Theory, News & General
Topic: Why should we care about inflation?
Replies: 58
Views: 5606

Re: Why should we care about inflation?

JBTX wrote: The problem is if inflation does rear its head, I tend to think there will be hesitation to fight it too aggressively like Volcker did in the 80's. Growth will probably already be lower due to factors above, and with high levels of government debt around the world, a signfiicant rise in...
by Prudence
Sat Feb 10, 2018 10:12 am
Forum: Investing - Theory, News & General
Topic: Matching a TIPS bond ladder with ST and LT TIPS bond funds
Replies: 98
Views: 5584

Re: Matching a TIPS bond ladder with ST and LT TIPS bond funds

You have to update the weights at least quarterly ... Be aware that adjusting the duration of the funds more frequently reduce s, but does not eliminate , interest rate risk. To see this I constructed a very hypothetical example. It assumes one wants to have $1,000 (inflation adjusted) in four year...
by Prudence
Fri Feb 09, 2018 12:04 pm
Forum: Investing - Theory, News & General
Topic: Matching a TIPS bond ladder with ST and LT TIPS bond funds
Replies: 98
Views: 5584

Re: Matching a TIPS bond ladder with ST and LT TIPS bond funds

Thanks for taking the time to do this, I really appreciate it! From reading the thread, I can see that this is mimicking a 20 year TIPs bond ladder efficiently. It appears that in the first five years I would be making withdrawals from the IT fund. So, if interest rates are rising during this perio...
by Prudence
Fri Feb 09, 2018 8:56 am
Forum: Investing - Theory, News & General
Topic: Matching a TIPS bond ladder with ST and LT TIPS bond funds
Replies: 98
Views: 5584

Re: Matching a TIPS bond ladder with ST and LT TIPS bond funds

Suppose I need $10K a year for twenty years starting now.<br/> <br/> So, is the weighted duration of the TIPs funds today = 10 years (20/2=10)?<br/> <br/> For simplicity, should I invest three years ($30K) in a ST TIPs fund (duration 2.5 years), and the remainder ($170K) in the IT TIPs fund (durati...
by Prudence
Thu Feb 08, 2018 9:49 pm
Forum: Investing - Theory, News & General
Topic: Matching a TIPS bond ladder with ST and LT TIPS bond funds
Replies: 98
Views: 5584

Re: Matching a TIPS bond ladder with ST and LT TIPS bond funds

This seems complex. I readily admit that this is something most individual investors are not capable of doing. OTOH, it is not mind-numbingly complex if you understand basic finance. (You've mastered a beginning finance course at the undergrad level.) I want $10,000/yr for the next 15 years. How mu...
by Prudence
Thu Feb 08, 2018 6:45 pm
Forum: Investing - Theory, News & General
Topic: Matching a TIPS bond ladder with ST and LT TIPS bond funds
Replies: 98
Views: 5584

Re: Matching a TIPS bond ladder with ST and LT TIPS bond funds

Suppose I need $10K a year for twenty years starting now.<br/> <br/> So, is the weighted duration of the TIPs funds today = 10 years (20/2=10)?<br/> <br/> For simplicity, should I invest three years ($30K) in a ST TIPs fund (duration 2.5 years), and the remainder ($170K) in the IT TIPs fund (durati...