No Idea but last month I did laundry at a laundromat in Germany with the servant of an Indian family.
She joked that they would not know how to run the machines.
Search found 2582 matches
- Wed May 20, 2015 1:45 pm
- Forum: Personal Finance (Not Investing)
- Topic: Do most folks pay for trips before going (India)
- Replies: 13
- Views: 2695
- Wed May 20, 2015 12:15 pm
- Forum: Personal Finance (Not Investing)
- Topic: How much does social security factor into your retirement income?
- Replies: 169
- Views: 46376
Re: How much does social security factor into your retirement income?
Edited to add. As an incentive for my wife to support our delay I plan on increasing our income from savings to add incrementally more after our initial filing, which will still stay below the 3.5% but will be a type of reward for tightening the belt for the previous 2.5 years. This will add over 10k a year in income, increasing with a floor based on market performance, and will make the delay more palatable for my wife. no problem with the rest of the plan but once you are retired there is no "merit" to tightening the belt" NOW My perspective is driven by the fact that my wife became disabled at 60. I ma glad we never put anything off. Even disabled we fly to London today. I will spend whatever makes the trips work How nice...
- Wed May 20, 2015 7:51 am
- Forum: Personal Investments
- Topic: 457b decisions
- Replies: 2
- Views: 950
Re: 457b decisions
Important to note that this is a government employer 457 b , totally different and lower risk structure from a private one.
- Wed May 20, 2015 7:29 am
- Forum: Personal Finance (Not Investing)
- Topic: How much does social security factor into your retirement income?
- Replies: 169
- Views: 46376
Re: How much does social security factor into your retirement income?
Edited to add. As an incentive for my wife to support our delay I plan on increasing our income from savings to add incrementally more after our initial filing, which will still stay below the 3.5% but will be a type of reward for tightening the belt for the previous 2.5 years. This will add over 10k a year in income, increasing with a floor based on market performance, and will make the delay more palatable for my wife. no problem with the rest of the plan but once you are retired there is no "merit" to tightening the belt" NOW My perspective is driven by the fact that my wife became disabled at 60. I ma glad we never put anything off. Even disabled we fly to London today. I will spend whatever makes the trips work How nice...
- Wed May 20, 2015 6:13 am
- Forum: Personal Finance (Not Investing)
- Topic: How much does social security factor into your retirement income?
- Replies: 169
- Views: 46376
Re: How much does social security factor into your retirement income?
John3754 wrote: Why are the millennials increasing in population size until 2036?
Immigration?
- Wed May 20, 2015 6:11 am
- Forum: Personal Finance (Not Investing)
- Topic: How much does social security factor into your retirement income?
- Replies: 169
- Views: 46376
Re: How much does social security factor into your retirement income?
no problem with the rest of the plan but once you are retired there is no "merit" to tightening the belt" NOWvested1 wrote: Edited to add. As an incentive for my wife to support our delay I plan on increasing our income from savings to add incrementally more after our initial filing, which will still stay below the 3.5% but will be a type of reward for tightening the belt for the previous 2.5 years. This will add over 10k a year in income, increasing with a floor based on market performance, and will make the delay more palatable for my wife.
My perspective is driven by the fact that my wife became disabled at 60. I ma glad we never put anything off. Even disabled we fly to London today. I will spend whatever makes the trips work
- Wed May 20, 2015 6:04 am
- Forum: Personal Finance (Not Investing)
- Topic: How much does social security factor into your retirement income?
- Replies: 169
- Views: 46376
Re: How much does social security factor into your retirement income?
Why do you think stock dividends will be there? etc? I simply point out that there there are uncertainties in all financial situations .Confused wrote:Yes. When the value of my retirement accounts reaches $600,000, I will retire then. Not a moment sooner or later than that. With a paid off mortgage, that gives us at least 30x expenses, despite having zero supplemental income. If there happens to be some, all the better.Professor Emeritus wrote:Do you do the same for government bonds? And stock dividends? etcConfused wrote:None. I make my decisions based on the assumption that we will get zero from Social Security.
- Tue May 19, 2015 5:23 pm
- Forum: Investing - Theory, News & General
- Topic: "Years of Overlooked Red Flags Catch Up to Stockbroker"
- Replies: 12
- Views: 4035
Re: "Years of Overlooked Red Flags Catch Up to Stockbroker"
Bogleheads: Do you think FINRA, the industry-funded regulatory group, will protect you from dishonest brokers and advisers? Think again. This article should be read by everyone who uses a broker or advisor: Years of Overlooked Red Flags Catch Up to Stockbroker Best wishes. Taylor Quote of the day Clients of Merrill Lynch, where Mr. Cicolani worked from 1991 to 2010 in Akron, Ohio, had named him in more than 60 complaints by the time he left the firm. Merrill paid $12 million in settlements to his customers and kept him on for years after the complaints began to roll in. A Merrill spokesman said that the complaints stemmed from a strategy created by a more senior financial adviser in Ohio and that the firm decided “that it was most appropri...
- Tue May 19, 2015 5:20 pm
- Forum: Investing - Theory, News & General
- Topic: "Years of Overlooked Red Flags Catch Up to Stockbroker"
- Replies: 12
- Views: 4035
Re: "Years of Overlooked Red Flags Catch Up to Stockbroker"
All industry groups are like that, healthcare, lawyers - they look after their own. And we are on our own: There are few things harder to accomplish in the U.S. than getting disbarred. According to a study conducted by the American Bar Assn., 1,046 lawyers were disbarred in 2011 — that's less than 0.08% of the 1.27 million total practicing attorneys in the United States. That phenomenally low percentage reflects the courts' general reluctance to bring down the hammer, even when lawyers intentionally harm their clients, a cardinal sin under the Model Rules [of Professional Misconduct]. - Los Angeles Times, Feb. 11, 2014 http://articles.latimes.com/2014/feb/11/opinion/la-oe-chong-stephen-glass-disbar-california-20140211 There are over a mill...
- Tue May 19, 2015 4:51 pm
- Forum: Investing - Theory, News & General
- Topic: Supreme Court rules in favor of 401k participants who object to high fees
- Replies: 35
- Views: 9230
Re: Supreme Court rules in favor of 401k participants who object to high fees
Well if revenue sharing will be a target for lawsuits, I would guess a majority of pension plans (defined contribution ) will lose lawsuits. I would imagine that our small business would simply close down our plan Why? transparency generates economic efficiency. We already contribute 20% of salary to each of our employees. If we (the owners) would also have to carry the cost of administration, the owners, as a group, might choose to go to SEP IRAs with no corporate overhead. It's just a guess. Administrative costs are administrative costs. You are not really contributing 20% you are contributing 20% MINUS the administrative costs.You are hiding the administrative costs in the kickback. That is always inefficient. True. My dilemma as a trus...
- Tue May 19, 2015 3:43 pm
- Forum: Investing - Theory, News & General
- Topic: Supreme Court rules in favor of 401k participants who object to high fees
- Replies: 35
- Views: 9230
Re: Supreme Court rules in favor of 401k participants who object to high fees
Administrative costs are administrative costs. You are not really contributing 20% you are contributing 20% MINUS the administrative costs.You are hiding the administrative costs in the kickback. That is always inefficient.kmurp wrote:We already contribute 20% of salary to each of our employees. If we (the owners) would also have to carry the cost of administration, the owners, as a group, might choose to go to SEP IRAs with no corporate overhead. It's just a guess.Professor Emeritus wrote:Why? transparency generates economic efficiency.kmurp wrote:Well if revenue sharing will be a target for lawsuits, I would guess a majority of pension plans (defined contribution ) will lose lawsuits. I would imagine that our small business would simply close down our plan
- Tue May 19, 2015 3:38 pm
- Forum: Personal Investments
- Topic: Should I sell my company's stock and exchange it for an SP500 index fund?
- Replies: 60
- Views: 16211
Re: Should I sell my company's stock and exchange it for an SP500 index fund?
its not the 20%, its the return on the 20%. You already owe the government 20 % payable when you sell the stock.schlesinger wrote:- Isn't a 20% tax a pretty high transaction cost that should be avoided?.
until you sell you only have a Paper gain'
You never count your money when you're sittin' at the table.
There'll be time enough for countin' when the dealin's done.
- Tue May 19, 2015 3:29 pm
- Forum: Personal Investments
- Topic: Maximizing Taxable Account In Early Stages of Retirement
- Replies: 12
- Views: 2341
Re: Maximizing Taxable Account In Early Stages of Retirement
+1 with the tiny caveat that emergency funds should not be in equities. We use VGIAX for the taxable equitiesrandomguy wrote:
Your intuition is wrong. You should be 100% stocks in taxable (assuming your AA allows that) and up the bonds ratio in tax deferred to get to your desired AA.
fixed income in Tax sheltered is G Fund. tax sheltered stock is FSTVX.
- Tue May 19, 2015 1:53 pm
- Forum: Investing - Theory, News & General
- Topic: Supreme Court rules in favor of 401k participants who object to high fees
- Replies: 35
- Views: 9230
Re: Supreme Court rules in favor of 401k participants who object to high fees
Why? transparency generates economic efficiency.kmurp wrote:Well if revenue sharing will be a target for lawsuits, I would guess a majority of pension plans (defined contribution ) will lose lawsuits. I would imagine that our small business would simply close down our plan
- Tue May 19, 2015 10:22 am
- Forum: Investing - Theory, News & General
- Topic: Supreme Court rules in favor of 401k participants who object to high fees
- Replies: 35
- Views: 9230
Re: Supreme Court rules in favor of 401k participants who object to high fees
"Kickbacks" aka revenue sharing will be the big target for litigation. A prudent trustee had better be prepared with market analysis showing that the costs to participants are worth the benefits and are transparent. Hiding the costs of administration from the workers is not an acceptable benefit.kmurp wrote:Does this mean as trustees, we cannot offer actively managed mutual funds? Or can we do so as long as we offer a menu of low cost index funds as well? We offer total stock, total bond and total international as well as vanguard REIT, TIPS and convertibles. We do not offer index funds for small cap , midcap etc. These spaces are filled with active funds which produce revenue sharing for plan administration.
- Tue May 19, 2015 10:16 am
- Forum: Investing - Theory, News & General
- Topic: Supreme Court rules in favor of 401k participants who object to high fees
- Replies: 35
- Views: 9230
Re: Supreme Court rules in favor of 401k participants who object to high fees
Under trust law, a trustee has a continuing duty to monitor trust investments and remove imprudent ones Sad, but the investment science has moved far further and faster than trust law. What is an imprudent investment? What is a prudent investment? Mutual fund trustees must discuss this every time an advisory contract is up for renewal. I always grind my teeth when lawyers advise trustees that they should look at underperforming advisors and ask questions to satisfy themselves that the underperformance is temporary and not permanent. Can trustees identify active managers who will outperform? How? Past performance is indicative of future lawsuits or something to that effect. Don't think Vanguard funds are immune. Invest in an emerging market...
- Tue May 19, 2015 6:01 am
- Forum: Personal Investments
- Topic: AA for both short and long-term goals
- Replies: 2
- Views: 928
Re: AA for both short and long-term goals
Portfolio asset allocation is by definition a long term strategy.
PAA has NOTHING to do with essentially short term accumulation/consumption decisions.
Money you "need" for consumption over the next 5 years is short term money.
it is saved, not "invested".
However Your "needs" are essentially a down payment. it is perfectly rational for a young person to put money into tax advantaged savings and borrow the money for a house.
PAA has NOTHING to do with essentially short term accumulation/consumption decisions.
Money you "need" for consumption over the next 5 years is short term money.
it is saved, not "invested".
However Your "needs" are essentially a down payment. it is perfectly rational for a young person to put money into tax advantaged savings and borrow the money for a house.
- Mon May 18, 2015 8:53 pm
- Forum: Personal Finance (Not Investing)
- Topic: How do Bogleheads (in general) plan to finance their healthcare for later life?
- Replies: 34
- Views: 8881
Re: How do Bogleheads (in general) plan to finance their healthcare for later life?
HSAs IIRC are not available if you are covered by any non HDHP health insurance or medicare.
That being said.
We have the FEHBP. and resources carefully held for LTC
That being said.
We have the FEHBP. and resources carefully held for LTC
- Mon May 18, 2015 6:49 pm
- Forum: Personal Finance (Not Investing)
- Topic: [Veterans who rec'd EMT training may be fast-tracked to civilian certification]
- Replies: 34
- Views: 8647
Re: Jobs for Retired Air Force (without degree)
you will run into lawful age limitations on such hires for front line duty.jsl11 wrote:Every local fire department hires emergency medical technicians. This would seem to be a natural fit.
- Mon May 18, 2015 6:45 pm
- Forum: Investing - Theory, News & General
- Topic: Do you think Ric Edelman is correct, never pay down mortgage
- Replies: 407
- Views: 111250
Re: Do you think Ric Edelman is correct, never pay down mortgage
Plus, once you are retired, banks are not very willing to loan you money without any income. If you say you have a lot of money in investments, they might just ask why you aren't using it rather than getting a new mortgage. :oops: My bank is delighted to loan money with financial instruments as collateral Almost no one has discussed the percentage of your "assets" you can safely have in a house, which is the real driving issue. We are retired. Just did the numbers today. The present value of our pensions annuity and social security is 40% of our "assets" Our house is 15% Our portfolio assets are 45% House is paid off. A house that is 15% of your total assets is very reasonable. Many economists would consider 30% to be t...
- Mon May 18, 2015 6:21 pm
- Forum: Personal Investments
- Topic: Newly retired couple are comfortable, but would like supplemental income
- Replies: 6
- Views: 2545
Re: Newly retired couple are comfortable, but would like supplemental income
If you are retired and you NEED the money, you buy an annuity. Shop around, get a good one.
tsp has competitive deals
http://www.govexec.com/pay-benefits/ret ... ies/30927/
tsp has competitive deals
http://www.govexec.com/pay-benefits/ret ... ies/30927/
- Mon May 18, 2015 6:02 pm
- Forum: Personal Finance (Not Investing)
- Topic: What's my best plan for my assets if I am disabled?
- Replies: 10
- Views: 1647
Re: What's my best plan for my assets if I am disabled?
This is simply not enoughGrandDesigns wrote:My background: I am in my mid 20s and single. Up to this point I have not taken death or disability planning very seriously. In regards to inheritance, since I have no dependents, I just set up parents and siblings as beneficiaries on life insurance payouts, etc. and was done with it. For disability, I left my mom as a joint account holder on my savings account so someone could access my funds if I was say, in a coma..
If you want someone to take care of you when you are disabled they need both medical and financial powers of attorney.
- Mon May 18, 2015 5:54 pm
- Forum: Personal Finance (Not Investing)
- Topic: [Veterans who rec'd EMT training may be fast-tracked to civilian certification]
- Replies: 34
- Views: 8647
Re: Jobs for Retired Air Force (without degree)
One unusual place to look. The Indian Health Service handles a lot of long distance medical evacuation both ground and air.Crow Hunter wrote:He should look into doing the same job as a civilian.mech_engineer wrote:Was an aeromedic in the Air Force. Couldn't tell you everything in detail as I do not know.alec wrote:What did your friend do in the air force? I ask because my father in law work for the Coast Guard for roughly 30 years, and then went back to work for the Coast Guard a a civilian.
I know of a guy who is with the local air rescue/evac unit that makes a VERY good salary as a flight nurse. I figure he could do something similar with very little if any training.
We are also in the South East.
See what they are looking for.
- Mon May 18, 2015 3:22 pm
- Forum: Personal Investments
- Topic: 30 years old, baby on the way, just starting out advice...
- Replies: 16
- Views: 3260
Re: 30 years old, baby on the way, just starting out advice...
Honestly truthfully, investing for the deep future is the least of your concerns.
My third grandchild was born on the highway on the way to the hospital
Babies have a way of changing lives
I'm going to shout
YOU DON'T HAVE A WILL
YOU DON'T HAVE LIFE INSURANCE
and you have a baby coming!!
At one point you say Wife has other plans lol.... ))
You say you are "renting" is that month to month or do you have renewal rights?
You do not want to ever house hunt with a new baby
As a 2 x father 3 x grandfather Married 40 years I suggest You have 2 months to GYST.
Good luck, happy baby.
My third grandchild was born on the highway on the way to the hospital
Babies have a way of changing lives
I'm going to shout
YOU DON'T HAVE A WILL
YOU DON'T HAVE LIFE INSURANCE
and you have a baby coming!!
At one point you say Wife has other plans lol.... ))
You say you are "renting" is that month to month or do you have renewal rights?
You do not want to ever house hunt with a new baby
As a 2 x father 3 x grandfather Married 40 years I suggest You have 2 months to GYST.
Good luck, happy baby.
- Mon May 18, 2015 1:09 pm
- Forum: Personal Finance (Not Investing)
- Topic: [Veterans who rec'd EMT training may be fast-tracked to civilian certification]
- Replies: 34
- Views: 8647
Re: Jobs for Retired Air Force (without degree)
Retired Militaryfurwut wrote:I don't know much about this but if your friend obtained a civil service job they would be allowed to count their 30 years of military service towards a civil pension as well? If so that would be a very strong incentive for me
Your military service is generally not creditable if you are receiving retirement pay for that service. (Exception: Your military service may be creditable if your retired pay is based on a combat-incurred disability or on reserve service.)
- See more at: http://www.fedsmith.com/2012/11/12/mili ... 63CK5.dpuf
- Mon May 18, 2015 1:05 pm
- Forum: Personal Finance (Not Investing)
- Topic: [Veterans who rec'd EMT training may be fast-tracked to civilian certification]
- Replies: 34
- Views: 8647
Re: Jobs for Retired Air Force (without degree)
Any veteran with any skills remotely related to health care should apply to the department of Veterans Affairs. I Had a student who had gone from being a bomb technician to maintaining ultrasound equipment.
- Mon May 18, 2015 12:42 pm
- Forum: Investing - Theory, News & General
- Topic: Supreme Court to hear fiduciary duty/high cost funds case
- Replies: 51
- Views: 10329
Re: Supreme Court to hear fiduciary duty/high cost funds case
The SCOTUS dodged the primary question the participants had about the sponsor's fiduciary duty in the plan and ruled exclusively on the issue of timeliness. They sent it back to the 9th Circuit with orders to allow the suit to proceed. Good, but not great. I disagree The court made a substantive direction to 9th circuit. We believe the Ninth Circuit erred by applying a statutory bar to a claim of a “breach or violation” of a fiduciary duty without considering the nature of the fiduciary duty. The Ninth Circuit did not recognize that under trust law a fiduciary is required to conduct a regular review of its investment with the nature and timing of the review contingent on the circumstances. In determining the contours of an ERISA fiduciary’...
- Mon May 18, 2015 12:07 pm
- Forum: Investing - Theory, News & General
- Topic: Supreme Court rules in favor of 401k participants who object to high fees
- Replies: 35
- Views: 9230
Re: Supreme Court rules in favor of 401k participants who object to high fees
Tibble should cause some employers to start paying attention to these issues, but the employees have not won anything yet. Tibble only holds that employees were not barred by ERISA's statute of limitations from suing in this case. Here's a very important quote from the opinion's syllabus (I haven't had time to read the entire opinion): "This Court expresses no view on the scope of respondents’ fiduciary duty in this case, e.g., whether a review of the contested mutual funds is required, and, if so, just what kind of review. A fiduciary must discharge his responsibilities 'with the care, skill, prudence, and diligence' that a prudent person 'acting in a like capacity and familiar with such matters' would use. §1104(a)(1)." On rema...
- Mon May 18, 2015 11:52 am
- Forum: Personal Finance (Not Investing)
- Topic: liability question for inherited home
- Replies: 18
- Views: 2350
Re: liability question for inherited home
We insured a similar house under our our policy as an "other insured location" Full coverage for liability .
Bought a separate fire insurance policy for the house.
Bought a separate fire insurance policy for the house.
- Mon May 18, 2015 10:21 am
- Forum: Personal Finance (Not Investing)
- Topic: Maryland Taxpayers: Comptroller vs. Wynne ruling is out
- Replies: 4
- Views: 1704
Re: Maryland Taxpayers: Comptroller vs. Wynne ruling is out
While it's a Maryland case, the same laws exist in many other states
- Mon May 18, 2015 10:09 am
- Forum: Personal Consumer Issues
- Topic: How fast should I ride my bicycle?
- Replies: 64
- Views: 20958
Re: How fast should I ride my bicycle?
The OP noted the route they took "This trail used to be a railroad track and was converted to a bike trail in my city's "rails to trails" program, so it relatively flat." To me, this means a wide, flat, no tight turns, paved path. That is, a fast path. . Our "rail to trails" have speed limits , since they are "used by all" Bicyclists should always wear a helmet and ride at speeds that do not exceed 12 miles per hour. Trails are shared recreation amenities and are accessed by a variety of users at the same time. Please be courteous to all users, and remember that pedestrians have the right-of-way . Never wear headsets. http://www.montgomeryparks.org/PPSD/ParkTrails/trail_symbols_files/trail_symbols.shtm
- Mon May 18, 2015 8:17 am
- Forum: Personal Finance (Not Investing)
- Topic: Social Security question about Restricted Application
- Replies: 27
- Views: 9976
Re: Social Security question about Restricted Application
It was in the material when DW applied so she could be described as having filed for it as part of the DR.ObliviousInvestor wrote:This is correct. To be "entitled" to a benefit (as opposed to simply "eligible" for it), you must have filed for it.*hstang wrote:wolf 359: if you file a restricted application, then you are NOT entitled to your own old age benefit. That is my understanding.
*Exception: If you are receiving a disability benefit when you reach your full retirement age, it automatically becomes a retirement benefit (i.e., you are suddenly entitled to a retirement benefit even though you have not filed for it).
- Sun May 17, 2015 5:46 pm
- Forum: Personal Finance (Not Investing)
- Topic: adversarial inheritance situation - advice needed.
- Replies: 23
- Views: 5686
Re: adversarial inheritance situation - advice needed.
What I would do is call the U of Miami law school and ask a faculty member who teaches estates and trusts for a referral. They know who hires their top students. its not perfect, but it keeps you out of the hands of the real sleazebags.happyisland wrote:Ain't that the truth! I just did a quick googling, and there is an insane abundance of professionals who help handle other people's money. I'm hoping someone can come up with a recommendation, because I would not know where to begin...Professor Emeritus wrote: every third lexus in palm beach will be driven by an estate attorney
- Sun May 17, 2015 5:42 pm
- Forum: Personal Consumer Issues
- Topic: Rough cost to replace central A/C unit?
- Replies: 9
- Views: 3915
Re: Rough cost to replace central A/C unit?
In the DC area Rodents eating insulation and causing arcing is a common failure. Normally a few hundred dollars.
- Sun May 17, 2015 4:46 pm
- Forum: Personal Finance (Not Investing)
- Topic: adversarial inheritance situation - advice needed.
- Replies: 23
- Views: 5686
Re: adversarial inheritance situation - advice needed.
every third lexus in palm beach will be driven by an estate attorneyhappyisland wrote:Well it seems like the solution is to hire an estate attorney and let them fight for the grandchild's interests. Two more questions:1) What is the best way to find and hire a solid estate attorney in Palm Beach County, Florida?
- Sun May 17, 2015 3:51 pm
- Forum: Personal Investments
- Topic: Newly retired couple are comfortable, but would like supplemental income
- Replies: 6
- Views: 2545
Re: Newly retired couple are comfortable, but would like supplemental income
IMHO income needed by retired people should never ever ever be in stocks . Not in index funds or ETFs or any other bets in the casino
- Sun May 17, 2015 12:10 pm
- Forum: Personal Finance (Not Investing)
- Topic: How much does social security factor into your retirement income?
- Replies: 169
- Views: 46376
Re: How much does social security factor into your retirement income?
How much does social security factor into your retirement income ? A lot. For those who say SS factor is zero.......... better step up your saving. You'll probably need an extra cool million to replace it. burt One million sounds awfully high. When he proposed counting the value of SS as a bond, J Bogle estimated the average SS value per person at about $300K. Using admittedly simplified math, I have estimated my benefit to be worth about $450K, assuming I draw income between the ages of 70 and 85. I think, though don't have the inclination to research the matter, that the maximum value of SS for an individual person is about $600K, and that would be for the top earners. I have run the numbers and get 450-500K for each of my self and DW. S...
- Sun May 17, 2015 12:01 pm
- Forum: Personal Finance (Not Investing)
- Topic: How much does social security factor into your retirement income?
- Replies: 169
- Views: 46376
Re: How much does social security factor into your retirement income?
Do you do the same for government bonds? And stock dividends? etcConfused wrote:None. I make my decisions based on the assumption that we will get zero from Social Security.
- Sun May 17, 2015 11:56 am
- Forum: Personal Finance (Not Investing)
- Topic: Buying house from family member
- Replies: 13
- Views: 3381
Re: Buying house from family member
I bought my house from my parents in 1977. It was offered to any of the kids. I paid FMV minus unneeded cost of sales 10%. I had 5 siblings who all got a share.(We had all worked on the house, even digging out the basement. The neighbor called us the "Chinese peoples army" . to get their share each sibling signed off that they had been treated fairly. We did a massive renovation in 87 and still live in the house.
- Sun May 17, 2015 11:46 am
- Forum: Personal Investments
- Topic: Retirement and wealth management fees
- Replies: 28
- Views: 9984
Re: Retirement and wealth management fees
.
Quite simply you are in the hands of people who will happily charge you an arm and a leg for handholding
Simplify your life
I do not own a single investment that is not worth at least 500K
After that its a piece of cake
Quite simply you are in the hands of people who will happily charge you an arm and a leg for handholding
Simplify your life
I do not own a single investment that is not worth at least 500K
After that its a piece of cake
- Sun May 17, 2015 6:06 am
- Forum: Personal Finance (Not Investing)
- Topic: Divorce and Marriage
- Replies: 21
- Views: 5600
Re: Divorce and Marriage
OK lets treat it simply as an investment decision. NB there is no way to index a marriage. You are putting everything you are investing into into one volatile investment Marriages exist on a continuum from " mutual soul-mates " to " two barely connected autonomous people" MS-----------------------------------------------------BCAP Sometimes a marriage changes from one place on the continuum to the another. People on the left ride out a tremendous market decline because they believe in "staying the course". They have faith and hope in the partnership People on the right Bail out quick if the market goes sour since they have confidence in their judgment and know when to hold them and know when to fold them. Only ...
- Sat May 16, 2015 6:17 pm
- Forum: Personal Finance (Not Investing)
- Topic: How much does social security factor into your retirement income?
- Replies: 169
- Views: 46376
Re: How much does social security factor into your retirement income?
DW is disabled Her SS is about half of her pension.
I am deferring My SS will be about half of my pension.
Our portfolio is about equal to the Actuarial value of the Pensions and SS.
So if we converted it all to income SS would be about 1/6 of the total.
in terms of expected spending its about 1/3
I am deferring My SS will be about half of my pension.
Our portfolio is about equal to the Actuarial value of the Pensions and SS.
So if we converted it all to income SS would be about 1/6 of the total.
in terms of expected spending its about 1/3
- Fri May 15, 2015 6:28 am
- Forum: Personal Finance (Not Investing)
- Topic: SPIA for mom?
- Replies: 33
- Views: 4435
Re: SPIA for mom?
This is actually uncertainty, not risk. Firms reduce this uncertainty, at least in part, by also selling life insurance.Independent wrote: The big risk is mortality improvements. This is complex, but I believe companies generally target a "good, risk aware" return on invested capital. If the expected happens, they will earn something comfortably above a risk free bond. If enough bad stuff happens, they don't earn anything. Defining "enough bad stuff" is where the art lies.
- Fri May 15, 2015 6:12 am
- Forum: Personal Finance (Not Investing)
- Topic: SPIA for mom?
- Replies: 33
- Views: 4435
Re: SPIA for mom?
Life annuities are a form of longevity "insurance" . Insurance makes a lot of sense if the consequences of loss are disastrous, and no sense at all if the consequences are easily absorbed. Where you fool yourself is thinking you can invest the sum needed for delaying an SPIA in investments that are riskier than an SPIA.
- Fri May 15, 2015 5:54 am
- Forum: Personal Finance (Not Investing)
- Topic: Where does everyone stand [Portfolio holdings]
- Replies: 16
- Views: 4411
Re: Where does everyone stand
Annie Hallmiles monroe wrote:i have as much faith in the accuracy of annoymous people reporting their net worth on the internet about as much as i would if they were reporting the number of times they have sex in a week.
[Alvy and Annie are seeing their therapists at the same time on a split screen]
Alvy Singer's Therapist: How often do you sleep together?
Annie Hall's Therapist: Do you have sex often?
Alvy Singer: [lamenting] Hardly ever. Maybe three times a week.
Annie Hall: [annoyed] Constantly. I'd say three times a week.
- Thu May 14, 2015 1:20 pm
- Forum: Personal Finance (Not Investing)
- Topic: Executor of Will ignores instructions in will!
- Replies: 21
- Views: 8589
Re: Executor of Will ignores instructions in will!
So, by selling at half price, he effectively reduced the value of the asset by 100k (half of which would have been your wife's), but he also may have removed a 200K asset from the estate (again half of which would have been your wife's). So the damage is either 50k or 100k depending how you look at it. However, he also attempted (maybe succeeded) in defrauding the state by hiding assets that would otherwise have been consumed by medical expenses. You should have legal recourse to restore what your wife should have received if the brother had not hidden the asset nor sold it below market rate. Further, any fines he pays should come from HIS allocation and NOT from the total estate. read what the OP said At the reading of the will the house ...
- Thu May 14, 2015 1:05 pm
- Forum: Investing - Theory, News & General
- Topic: CNBC Article...Active managers beating the market! (Well, almost)
- Replies: 6
- Views: 1777
Re: CNBC Article...Active managers beating the market! (Well, almost)
It is easy to show that bad managers substantially under perform the market.
A "good" manager should of course outperform the market year in and year out .
Otherwise its just cherry picking and silly
A "good" manager should of course outperform the market year in and year out .
Otherwise its just cherry picking and silly
- Thu May 14, 2015 10:34 am
- Forum: Personal Finance (Not Investing)
- Topic: Federal disability retirement (FERS)
- Replies: 3
- Views: 1107
Re: Federal disability retirement (FERS)
Its the standard disability retirement . They were simply using the wrong calculation for people in this group. To be truthful all kinds of people told me that it was a "you can't fight the Feds" type of case. So victory feels very very good.retiredjg wrote:Good for you! Amazing you would even know about such a benefit - seems to have some strict limitations.
- Thu May 14, 2015 7:38 am
- Forum: Personal Finance (Not Investing)
- Topic: SPIA for mom?
- Replies: 33
- Views: 4435
Re: SPIA for mom?
Please provide a cite. There is a vast literature on annuities and I've never seen anything like this.magellan wrote: Expenses on SPIAs eat up 15% or more of the lump sum.
- Thu May 14, 2015 6:11 am
- Forum: Investing - Theory, News & General
- Topic: Gold vs offshore custodianship of stocks, bonds
- Replies: 36
- Views: 3980
Re: Gold vs offshore custodianship of stocks, bonds
Nonsense. You BARTER Cigarettes in prison. It does not make it currency False. Barter is a system of exchange by which goods or services are directly exchanged for other goods or services without using a medium of exchange . http://en.wikipedia.org/wiki/Barter People in prison WHO DO NOT SMOKE CIGARETTES will still use cigarettes as a medium of exchange, because they know that they can trade them to others, because they have intrinsic value (some people in prison are smokers). If ONLY the smokers traded cigarettes in prison, then you would be correct in calling them "barter". But that is not the case. You don't have to smoke to use cigarettes as barter . you don't have to be married to use wedding rings as barter It still barter....