Search found 3393 matches

by Artsdoctor
Fri Aug 17, 2018 8:39 am
Forum: Personal Finance (Not Investing)
Topic: Using ACA for early retirement years
Replies: 102
Views: 5926

Re: Using ACA for early retirement years

Healthcare is different. You have an active process in a state of flux. You currently have a legislative branch that has a focus on changing the current set-up and one item that is currently actively being pursued is changing the pre-existing illness waiver. This is not something "years away" but s...
by Artsdoctor
Thu Aug 16, 2018 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Using ACA for early retirement years
Replies: 102
Views: 5926

Re: Using ACA for early retirement years

"Hope" is not a strategy, but it is necessary for retirement planning. I think it is reasonable to assume that both social security and Medicare will change in the future. However, nobody can tell you exactly when and how much they may change. In my planning for early retirement, I assumed zero soc...
by Artsdoctor
Thu Aug 16, 2018 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Using ACA for early retirement years
Replies: 102
Views: 5926

Re: Using ACA for early retirement years

My concern is for someone retiring now in their 50s and having to rely on ACA until Medicare. For those early retirees on ACA... are you planning to stay on ACA until Medicare? Thanks. There are several podcasts and blogs out there which are very good when it comes to Financially Independent Retire...
by Artsdoctor
Thu Aug 16, 2018 9:44 am
Forum: Investing - Help with Personal Investments
Topic: High tax bracket - Go 100% Roth in tax advantaged?
Replies: 29
Views: 2142

Re: High tax bracket - Go 100% Roth in tax advantaged?

Lost, Interesting that your CPA would actually point you here. Vanguard recently had a white paper which you might find helpful: https://personal.vanguard.com/pdf/ISGBETR.pdf Roths may not be right for you. When you read the paper, you can think about backdoor Roths although I'm skeptical you'd stil...
by Artsdoctor
Tue Aug 14, 2018 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for Medicare by credit card
Replies: 10
Views: 1004

Re: Paying for Medicare by credit card

I am going onto Original Medicare Parts A and B in a couple months. Not yet taking SS and no plans to start soon. I see the four ways of paying for Medicare. One is cc. Is there a fee for paying by cc? I know with taxes they add on a fee for cc payment that makes it not worthwhile. Thanks You can p...
by Artsdoctor
Tue Aug 14, 2018 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Paper checks yes or no?
Replies: 116
Views: 6163

Re: Paper checks yes or no?

We really don't write out many checks any more. However, we do write checks! There are small business owners who service appliances, arborists who trim the trees, and the occasional handy man. They're just not set up to take credit cards. Paying cash is an option as well but checks are more convenie...
by Artsdoctor
Tue Aug 14, 2018 4:40 pm
Forum: Investing - Theory, News & General
Topic: Asset location strategy between tax-advantaged account types
Replies: 4
Views: 323

Re: Asset location strategy between tax-advantaged account types

So I believe this can be generalized as: Place asset classes with higher expected growth (e.g. stocks) in Roth IRA / 401k, and asset classes with lower expected growth (e.g. bonds) in Traditional IRA / 401k. Am I missing anything? Yes. What you're missing is the importance of flexibility when it co...
by Artsdoctor
Fri Aug 10, 2018 3:56 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Valuations Too High?
Replies: 204
Views: 10964

Re: Larry Swedroe: Valuations Too High?

Firechief, have anything valuable to contribute? I might ask you the same question wrt your unwavering faith in CAPE10. Some of us believe that CAPE10 is anything but "valuable," (it has proved as much a number of times) and may be doing a disservice to the more easily influenced in the audience. T...
by Artsdoctor
Fri Aug 10, 2018 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Is your monthly expense really that stable or in reality, pretty volatile?
Replies: 46
Views: 3141

Re: Is your monthly expense really that stable or in reality, pretty volatile?

At some point, meaning later on in life!, you kind of realize that those "one-off's" are actually just routine road bumps. There will always be plumbing issues, you'll replace a roof, you'll replace a car, there might be a huge educational expense, a large tax bill, a loan, a renovation, etc., etc. ...
by Artsdoctor
Fri Aug 10, 2018 3:35 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Valuations Too High?
Replies: 204
Views: 10964

Re: Larry Swedroe: Valuations Too High?

I don't think you'd call it "market timing" if your life circumstances (including financial circumstances) have changed considerably. Certainly not. Changing your portfolio on the basis of your own personal situation is not market timing. But changing your portfolio on the basis of current or antic...
by Artsdoctor
Fri Aug 10, 2018 3:24 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Valuations Too High?
Replies: 204
Views: 10964

Re: Larry Swedroe: Valuations Too High?

Sperry, If you’ve benefitted from the long bull, and want to spend those profits, might it make sense to realize some of those profits and save them as cash and short term bonds? That would be an AA change towards the more conservative. Dave Yes, if I realized profits then it would be more conserva...
by Artsdoctor
Fri Aug 10, 2018 8:27 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Valuations Too High?
Replies: 204
Views: 10964

Re: Larry Swedroe: Valuations Too High?

I have a few "mentees" I work with in that age group and we definitely discuss returns going forward in order to plan their investments. Over the past year, I've definitely suggested bumping up their savings rates because I just don't believe the past 10 years will be mirrored in the next decade. W...
by Artsdoctor
Thu Aug 09, 2018 5:54 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Valuations Too High?
Replies: 204
Views: 10964

Re: Larry Swedroe: Valuations Too High?

The CalPERS illustration is an interesting one, and I think you can use it in any argument here. It's no secret that pension plans have overestimated the anticipated rate of return, often egregiously. Valuations are definitely a factor when future returns are estimated, but there is a huge political...
by Artsdoctor
Thu Aug 09, 2018 4:57 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Valuations Too High?
Replies: 204
Views: 10964

Re: Larry Swedroe: Valuations Too High?

HomerJ, you've done your homework, and you've been investing for years. It also sounds like you're flexible. Perhaps valuations don't affect your plans. However, you can't really deny that there are a lot of people out there who haven't planned properly, and you can even look back on this board 10 y...
by Artsdoctor
Thu Aug 09, 2018 4:54 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Valuations Too High?
Replies: 204
Views: 10964

Re: Larry Swedroe: Valuations Too High?

This is a bit of a runaway train and I can see this spiraling. When you actually sit down to decide your investment plan, you're going to need to come up with an asset allocation. How do you decide which asset allocation works best for you? I don't think you actually make a decision by saying to you...
by Artsdoctor
Thu Aug 09, 2018 9:47 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Valuations Too High?
Replies: 204
Views: 10964

Re: Larry Swedroe: Valuations Too High?

Vanguard also takes issues with the traditional CAPE metric: https://investornews.vanguard/valuing-the-stock-market-with-a-new-yardstick-the-fair-value-cape/ However, all Larry is really saying, and Vanguard will echo this, is that returns going forward over the next decade are likely to be muted. I...
by Artsdoctor
Tue Aug 07, 2018 5:19 pm
Forum: Investing - Theory, News & General
Topic: Jamie Dimon: Higher rates are coming
Replies: 42
Views: 6556

Re: Jamie Dimon: Higher rates are coming

It's not exactly like Jamie Dimon is right all of the time. Remember the London Whale debacle? https://www.newyorker.com/news/john-cassidy/will-anyone-hold-jamie-dimon-responsible-for-the-london-whale-scandal Take his comments as an interesting bit to think about then move on to things that are more...
by Artsdoctor
Tue Aug 07, 2018 5:08 pm
Forum: Investing - Help with Personal Investments
Topic: How many years till FIRE? Which path would you choose?
Replies: 38
Views: 4649

Re: How many years till FIRE? Which path would you choose?

If you're really interested in early retirement, you should check out the most recent conversation on Steve Chen's podcast: https://www.newretirement.com/retirement/author/steve/ The conversation was pretty decent and well-balanced. However, like most considering early retirement, health care uncert...
by Artsdoctor
Tue Aug 07, 2018 5:04 pm
Forum: Investing - Theory, News & General
Topic: Best Fidelity Money Market Account to Hold Cash?
Replies: 13
Views: 1633

Re: Best Fidelity Money Market Account to Hold Cash?

Fidelity has several institutional money market funds but for the non-institutional investor, the prime money market fund is going to probably be the best but they're all very close. https://fundresearch.fidelity.com/mutual-funds/summary/31617H805 It'll cost you $100,000 to initially invest but you ...
by Artsdoctor
Tue Aug 07, 2018 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: DAF, would you ?
Replies: 21
Views: 1219

Re: DAF, would you ?

If you are not already itemizing, group your DAF contributions so that you take the standard deduction for a couple years, then do a couple years worth of charitable contributions and itemize, etc. aristotelian- Thanks for input. Historically I have had decent itemized deductions (charitable financ...
by Artsdoctor
Tue Aug 07, 2018 8:43 am
Forum: Investing - Theory, News & General
Topic: "Age in Bonds" fails almost everyone
Replies: 217
Views: 12754

Re: "Age in Bonds" fails almost everyone

How old are you? A 90 year old would have experienced the severe financial and emotional repercussions of the Great Depression. You need to do some more reading, old wives tales? Smh! I'm old enough to recognize the human tendency to always fight the last war. I’m 40, I have ten million in assets, ...
by Artsdoctor
Mon Aug 06, 2018 5:18 pm
Forum: Investing - Theory, News & General
Topic: "Age in Bonds" fails almost everyone
Replies: 217
Views: 12754

Re: "Age in Bonds" fails almost everyone

How old are you? A 90 year old would have experienced the severe financial and emotional repercussions of the Great Depression. You need to do some more reading, old wives tales? Smh! I'm old enough to recognize the human tendency to always fight the last war. I’m 40, I have ten million in assets, ...
by Artsdoctor
Mon Aug 06, 2018 4:49 pm
Forum: Personal Consumer Issues
Topic: Coldness Pismo beach water
Replies: 24
Views: 1687

Re: Coldness Pismo beach water

Hi, We are planning to go Pismo Beach and temperature is around 73/74. However, is the beach water that cold similar to San Francisco or much warmer. SFO water beaches are always cold but wanted to compare Pismo beach with SFO water. Can anyone give any insight who has been to both beaches? -FB The...
by Artsdoctor
Mon Aug 06, 2018 4:43 pm
Forum: Investing - Theory, News & General
Topic: "Age in Bonds" fails almost everyone
Replies: 217
Views: 12754

Re: "Age in Bonds" fails almost everyone

Having just spent this past weekend going over my father-in-law's finances with him, I think I would have lost a reasonable amount of credibility with this 90-year-old gentleman who has multiple medical problems if I would have recommended 35% of his assets be invested in equities. I could have brou...
by Artsdoctor
Mon Aug 06, 2018 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: step-up basis after a spouse's passing
Replies: 26
Views: 2434

Re: step-up basis after a spouse's passing

In a community property state all securities deemed community property, irrespective of how they are titled, get a full step-up at the time of one spouse passing. The same is true for real estate too. No so. The properties should be held as “community property WROS” in order to receive a full step-...
by Artsdoctor
Mon Aug 06, 2018 9:27 am
Forum: Investing - Theory, News & General
Topic: Treasury Bonds are the Only Bonds You Need
Replies: 112
Views: 11340

Re: Treasury Bonds are the Only Bonds You Need

Article argues that you should probably use Treasuries as your bond allocation and forget about aggregate bond index funds, for the two reasons below. I recall that Larry Swedroe made the same point about bonds. This has always been my approach since reading Larry, and I'm glad to see supporting ev...
by Artsdoctor
Sun Aug 05, 2018 11:01 am
Forum: Personal Consumer Issues
Topic: Do You Purchase "Medical Evacuation Insurance" When You Travel?
Replies: 160
Views: 7840

Re: Do You Purchase "Medical Evacuation Insurance" When You Travel?

I have not had to deal with the AMEX Platinum Card benefits personally. I remember reading about pre-existing illness although that tends to be a very subjective exclusion. I have talked to representatives from various insurance companies over the years and the pre-existing clause seems to be very d...
by Artsdoctor
Sat Aug 04, 2018 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: Charitable donations
Replies: 2
Views: 272

Re: Charitable donations

It’s probably going to be better to contribute directly from your IRA. You can definitely make a QCD which is greater than your RMD; the maximum is $100,000 per person (if MFJ) per year. You have to be over 70-1/2 to do it.
by Artsdoctor
Wed Aug 01, 2018 3:35 pm
Forum: Personal Consumer Issues
Topic: Do You Purchase "Medical Evacuation Insurance" When You Travel?
Replies: 160
Views: 7840

Re: Do You Purchase "Medical Evacuation Insurance" When You Travel?

.. and you don't speak the language. But what if you travel back to your home country for a short visit and the language isn't an issue? However that country have a not so reputable medical system, would you still do the evacuation insurance? At some point, many people realize that it's not just ab...
by Artsdoctor
Wed Aug 01, 2018 8:35 am
Forum: Personal Consumer Issues
Topic: Do You Purchase "Medical Evacuation Insurance" When You Travel?
Replies: 160
Views: 7840

Re: Do You Purchase "Medical Evacuation Insurance" When You Travel?

A friend and her husband were traveling to China a few years ago. They were in robust health when they left home but husband contracted a mysterious and devastating disease (a virus, I believe) that Beijing doctors could not diagnose or figure out how to treat after several weeks of trying. Wife ar...
by Artsdoctor
Tue Jul 31, 2018 8:26 pm
Forum: Personal Consumer Issues
Topic: Do You Purchase "Medical Evacuation Insurance" When You Travel?
Replies: 160
Views: 7840

Re: Do You Purchase "Medical Evacuation Insurance" When You Travel?

You only asked about medical evacuation but you both are of Medicare age. Medicare does NOT cover outside the US although I understand there may be some limited coverage under some plans. You can buy medical travel insurance for a small amount of money. This will include evacuation also. What you r...
by Artsdoctor
Tue Jul 31, 2018 7:17 pm
Forum: Personal Consumer Issues
Topic: Do You Purchase "Medical Evacuation Insurance" When You Travel?
Replies: 160
Views: 7840

Re: Do You Purchase "Medical Evacuation Insurance" When You Travel?

I have been a member of MedJet Assist for years and I recommend it to all of my patients who travel. SOS is also well-respected. Medical evacuation back to the US from Asia or Europe can be about $75,000-$100,000. The idea is that you'd be transferred from a local hospital to a hospital of your choi...
by Artsdoctor
Tue Jul 31, 2018 5:02 pm
Forum: Investing - Theory, News & General
Topic: Value vs. Growth & Taxes
Replies: 15
Views: 979

Re: Value vs. Growth & Taxes

I've heard that historically value stocks outperform growth stocks (Fama & French). Here's a question--could this be explained by the higher tax cost of holding value stocks? Value stocks tend to pay dividends, thus there is an annual personal tax bill. Growth stocks tend not to pay dividends (or t...
by Artsdoctor
Tue Jul 31, 2018 4:53 pm
Forum: Investing - Help with Personal Investments
Topic: 88 Year old IRAs are in VBTLX
Replies: 13
Views: 1524

Re: 88 Year old IRAs are in VBTLX

I personally would not be investing in a bond fund with an average duration longer than the time period for which I'll need to money (unless this would fit into a legacy plan of some sort). This isn't unique to being 88, but if you think you'll need the money in a shorter period of time, you might ...
by Artsdoctor
Mon Jul 30, 2018 3:57 pm
Forum: Investing - Help with Personal Investments
Topic: 88 Year old IRAs are in VBTLX
Replies: 13
Views: 1524

Re: 88 Year old IRAs are in VBTLX

I personally would not be investing in a bond fund with an average duration longer than the time period for which I'll need to money (unless this would fit into a legacy plan of some sort). This isn't unique to being 88, but if you think you'll need the money in a shorter period of time, you might w...
by Artsdoctor
Fri Jul 27, 2018 6:06 pm
Forum: Personal Consumer Issues
Topic: How to make opened bottles of wine last longer
Replies: 38
Views: 2855

Re: How to make opened bottles of wine last longer

Coravin model one: https://www.coravin.com/model-one-wine-system.html Only worth it on $30+ bottles and only tap the bottle 2 or 3 times max. Still best to finish the bottle within a few weeks but when it works properly you can be good for months. I’ve had it work for 6+ months but sometimes for so...
by Artsdoctor
Fri Jul 27, 2018 5:58 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Precious Metals and Mining Fund is changing
Replies: 61
Views: 5547

Re: Vanguard Precious Metals and Mining Fund is changing

I love Vanguard. However, when it comes to "staying the course", that is something they tell others to do, but do not follow themselves. I am still unhappy about the change to what used to be the Tax Managed International Fund. It is no longer tax managed, but I am locked in. Actually, this is some...
by Artsdoctor
Fri Jul 27, 2018 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Advice For Friend Going Through Divorce
Replies: 25
Views: 3369

Re: Advice For Friend Going Through Divorce

If possible, avoid attorneys or at least minimize their impact. Go through a mediator, stay amicable as possible, sell the need to the pending ex-spouse to stay objective as a way for both sides keeping as much of their $ as possible vs giving a huge percentage to the attorneys who may very well wa...
by Artsdoctor
Fri Jul 27, 2018 12:51 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Precious Metals and Mining Fund is changing
Replies: 61
Views: 5547

Re: Vanguard Precious Metals and Mining Fund is changing

This fund has never been "tax efficient" so my hope would be that most investors would be holding this fund in a tax-advantaged account. Therefore, switching it out for something else that might fit their needs would not carry with it a taxable event. Although you're probably not going to find many ...
by Artsdoctor
Tue Jul 24, 2018 6:36 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Cali Muni Money Market Yield Dropping
Replies: 7
Views: 848

Re: Vanguard Cali Muni Money Market Yield Dropping

^ I agree that Prime Money Market's yield has left the CA money market in the dust, although money market yields can bounce around quite a bit. Everyone's marginal rates are different, so you'll have to do your own math. For me, I've been using the Short-term muni fund to "feed" the CA money market;...
by Artsdoctor
Fri Jul 20, 2018 6:28 pm
Forum: Investing - Theory, News & General
Topic: Some 'hints' about brokered CDs
Replies: 45
Views: 9240

Re: Some 'hints' about brokered CDs

Also, if you're holding a very high balance in brokered CDs in your IRA and you're taking RMDs, your RMDs will be calculated based on market value and not par value. This can be beneficial, or not, depending on your needs. In this regard, they really operate like individual bonds. What does a very ...
by Artsdoctor
Fri Jul 20, 2018 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: Social security claiming divorced spouse
Replies: 3
Views: 630

Re: Social security claiming divorced spouse

^ Absolutely not. You don't have to "stay in touch" with your divorced spouse. Can you imagine that scenario?

https://www.ssa.gov/planners/retire/divspouse.html
by Artsdoctor
Tue Jul 17, 2018 8:23 am
Forum: Personal Finance (Not Investing)
Topic: California Homeowners - Do you have earthquake insurance?
Replies: 21
Views: 2083

Re: California Homeowners - Do you have earthquake insurance?

Great points made thus far. A good compromise might be to skip the insurance but ensure your house is retrofitted (i.e. bolted and braced) against earthquake damage. Earthquake insurance policies offer a significant discount if your house is retrofitted, which implies low expected damage for such h...
by Artsdoctor
Mon Jul 16, 2018 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: California Homeowners - Do you have earthquake insurance?
Replies: 21
Views: 2083

Re: California Homeowners - Do you have earthquake insurance?

The CEA website is pretty user-friendly and you might find it helpful. Your coverage through your homeowner's policy is going to be very limited, so make sure you understand what is and isn't covered. We've had CEA coverage for as long as we've had our house, although a lot of people do not. https:/...
by Artsdoctor
Mon Jul 09, 2018 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: "Managing" a DAF for very long term
Replies: 7
Views: 605

Re: "Managing" a DAF for very long term

DM, If I remember correctly from previous posts, you're 60s-70s? If so, your annual grants from the DAF make up a very small percentage of the total and you're clearly running it like a foundation. The time frame to spend from the DAF would appear to be at least a couple of decades, most likely. I t...
by Artsdoctor
Mon Jul 09, 2018 9:23 am
Forum: Investing - Help with Personal Investments
Topic: Do you count pension contributions as a portion of your overall retirement contributions.
Replies: 47
Views: 3662

Re: Do you count pension contributions as a portion of your overall retirement contributions.

^ The thing I'm grappling with is the conflict that inherently exists with an advisor who earns his/her keep based on the lump sum value of a portfolio. I have no doubt that most Bogleheads will be just fine and self-sufficient. But there are plenty of people (most?) who will come up short and may b...
by Artsdoctor
Sun Jul 08, 2018 8:00 pm
Forum: Investing - Help with Personal Investments
Topic: Do you count pension contributions as a portion of your overall retirement contributions.
Replies: 47
Views: 3662

Re: Do you count pension contributions as a portion of your overall retirement contributions.

^ I'm not sure I'd agree that every professional speaks in terms of stock variables; they're uni-dimensional. Robert Merton distills virtually everything down to flow variables, if you like. At least, that's how I understand it (but I'm definitely not a professional, so give me some slack). At any r...
by Artsdoctor
Sun Jul 08, 2018 8:49 am
Forum: Investing - Help with Personal Investments
Topic: Do you count pension contributions as a portion of your overall retirement contributions.
Replies: 47
Views: 3662

Re: Do you count pension contributions as a portion of your overall retirement contributions.

Why would you "count" pension contributions of any sort? Your pension is part of your income. At the end of the day, your entire portfolio is all about income generation at a later date. If you put legacy plans aside, your investment portfolio is about one thing only: how much income do I need to ge...
by Artsdoctor
Sat Jul 07, 2018 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Is Social Security income included in MAGI for determination of medicare high income adjustment fee?
Replies: 9
Views: 1308

Re: Is Social Security income included in MAGI for determination of medicare high income adjustment fee?

Thank you for your responses. I had no idea that it would be 85% instead of 100%. You calculate your Modified Adjusted Gross Income by looking at the bottom of page 1 (from 2017), and then adding in your tax-exempt income. Line 20a will have your total social security income, but line 20b will have...