Search found 723 matches

by Austintatious
Mon Oct 15, 2018 6:29 pm
Forum: Investing - Help with Personal Investments
Topic: social security
Replies: 15
Views: 1305

Re: social security

Here's a link to Mike Piper's free social security calculator. It's a tool designed to help folks like you and yours decide how they can maximize their Social Security benefits. Of course, there are many factors to be considered besides getting the most money out of SS but this tool can provide very...
by Austintatious
Fri Oct 12, 2018 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating Spousal Benefit Amount
Replies: 19
Views: 1392

Re: Calculating Spousal Benefit Amount

Hi, We are in a similar boat with planning as I am about two years older than my spouse who is the primary earner in our family so I need to educate myself on Spousal SS rules as well :happy Hopefully this will be helpful to you: https://www.ssa.gov/planners/retire/applying6.html Looking at this si...
by Austintatious
Mon Oct 08, 2018 11:15 am
Forum: Investing - Theory, News & General
Topic: Biggest bubble in the history of mankind(?) Is it time to sell?
Replies: 40
Views: 3769

Re: Biggest bubble in the history of mankind(?) Is it time to sell?

Many posting here will remember a series of TV commercials that included the tag line "When E.F. Hutton talks, people listen'". This story made me think of that commercial but with the new tag line "When Ron Paul talks, smart investors run away". You probably remember "The Big Chill" and the song "...
by Austintatious
Mon Oct 08, 2018 10:08 am
Forum: Investing - Theory, News & General
Topic: Biggest bubble in the history of mankind(?) Is it time to sell?
Replies: 40
Views: 3769

Re: Biggest bubble in the history of mankind(?) Is it time to sell?

Many posting here will remember a series of TV commercials that included the tag line "When E.F. Hutton talks, people listen'". This story made me think of that commercial but with the new tag line "When Ron Paul talks, smart investors run away".
by Austintatious
Sun Oct 07, 2018 4:32 pm
Forum: Investing - Help with Personal Investments
Topic: Retired 66 year old
Replies: 10
Views: 2204

Re: Retired 66 year old

Consider putting the money in CDs, which are about as safe as investments can get. If you're prepared to commit to 5 years, last I heard, Achieva Credit Union (Florida?) was offering 4.2% for a 5 year certificate with a minimum deposit of $75k. Considering the relative safety of CDs, I'd consider th...
by Austintatious
Sun Oct 07, 2018 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Which is better CD - rates and terms?
Replies: 65
Views: 5256

Re: Which is better CD - rates and terms?

I agree that the 3% for 2 years is a good deal that I'd be plum pleased to see at my "local bank".
by Austintatious
Fri Oct 05, 2018 10:44 am
Forum: Investing - Help with Personal Investments
Topic: 401k Rollover Guidance
Replies: 10
Views: 616

Re: 401k Rollover Guidance

mmj117, take a look at and consider using the recommended format for asking for a Bogleheads review. It certainly requires some effort to put together as much of the recommended data as one can, but it's calculated to result in the most thorough review and better informed recommendations. The link: ...
by Austintatious
Thu Oct 04, 2018 10:16 am
Forum: Personal Consumer Issues
Topic: Signing up for medicare
Replies: 20
Views: 1098

Re: Signing up for medicare

Interesting. So everyone has to sign up for Medicare before turning 65 regardless of any other insurance coverage? Would this be related to both A & B? I retired with the ability to continue coverage under my employer's health insurance plan, which I did. When I subsequently turned 65, if I wished ...
by Austintatious
Thu Oct 04, 2018 6:32 am
Forum: Investing - Help with Personal Investments
Topic: CD strategy
Replies: 15
Views: 2002

Re: CD strategy

RandomPointer wrote:
Thu Oct 04, 2018 2:13 am
@ivk5, thanks. I did not know about the thread.

@Austintatious, Yes, I do have I Bonds. I purchased $5K worth of IBonds, and I am planning to buy another $5K when they set the new rate this November.
Outstanding!😀
by Austintatious
Wed Oct 03, 2018 7:28 pm
Forum: Personal Consumer Issues
Topic: Signing up for medicare
Replies: 20
Views: 1098

Re: Signing up for medicare

I'm going to be 65 in January and have been on Social Security since age 62. I am working and will continue to work (earning $15,000/yr) past age 65 for an employer with more than 20 employees who furnishes me with a good Blue Cross/Blue Shield plan. After age 65, I would prefer to just stay on BC/...
by Austintatious
Wed Oct 03, 2018 7:15 pm
Forum: Personal Consumer Issues
Topic: Signing up for medicare
Replies: 20
Views: 1098

Re: Signing up for medicare

I'm going to be 65 in January and have been on Social Security since age 62. I am working and will continue to work (earning $15,000/yr) past age 65 for an employer with more than 20 employees who furnishes me with a good Blue Cross/Blue Shield plan. After age 65, I would prefer to just stay on BC/...
by Austintatious
Wed Oct 03, 2018 2:03 pm
Forum: Investing - Help with Personal Investments
Topic: CD strategy
Replies: 15
Views: 2002

Re: CD strategy

Read about Series I savings bonds on the Wiki. Read a few of the many forum threads regarding I bonds. Decide if you want to devote some of that "excess" money to inflation protected, tax deferred I bonds in addition to your CDs. Just a thought. :idea:
by Austintatious
Sun Sep 23, 2018 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: How do I allocate social security in retirement?
Replies: 19
Views: 1845

Re: How do I allocate social security in retirement?

Should I consider my social security as income received from my fixed income portfolio? No. Just like a pension or fixed annuity, SS is a steady cashflow stream that offsets the expenses you must fund from a portfolio. If a retiree increased his expenses by switching to a better brand of Scotch, th...
by Austintatious
Sun Sep 23, 2018 12:43 pm
Forum: Personal Consumer Issues
Topic: squeaky lock and hard to turn key
Replies: 18
Views: 1022

Re: squeaky lock and hard to turn key

Have you sprayed the lock, including inside the keyhole, with WD 40? Our outside door lock occasionally gets pretty stubborn, resisting insertion of the key and even setting the lock. So far, WD 40 is helping us win the fight.
by Austintatious
Sun Sep 23, 2018 11:35 am
Forum: Investing - Help with Personal Investments
Topic: How do I allocate social security in retirement?
Replies: 19
Views: 1845

Re: How do I allocate social security in retirement?

There are a number of forum threads discussing Mr. Bogle's characterization of Social Security as a bond-like financial asset. And here's an article quoting him on the matter of Social Security being considered part of one's fixed income investments: http://www.sandiegouniontribune.com/business/colu...
by Austintatious
Sun Sep 23, 2018 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 115
Views: 9312

Re: Delaying Social Security Until 70

A little over a year from now, three months before I turn 70, I'll go over to a SS office early one morning to apply for my maximal benefit in person. That makes it easy to clarify the details... I've had to got to my local SS office a few times already for various things. Would really like to avoi...
by Austintatious
Sat Sep 22, 2018 4:00 pm
Forum: Investing - Help with Personal Investments
Topic: New to Investing, I feel lost
Replies: 43
Views: 2017

Re: New to Investing, I feel lost

Lots of good advice here, OP. Take the time to study, maybe starting with this article written by Bill Bernstein called "If You Can" It's written especially for young folks new to investing. It's relatively easy to understand, provides a lot of education about investing, and offers you very smart in...
by Austintatious
Sat Sep 22, 2018 11:30 am
Forum: Investing - Theory, News & General
Topic: Which Funds to Take RMD From
Replies: 27
Views: 3597

Re: Which Funds to Take RMD From

If you're not aware, Vanguard offers a free service that will help you "accomplish" your RMDs. I would be surprised if they would not assist in helping you end up with at the desired allocation, as part of their service. Here's a list of frequently asked questions regarding their rmd service: https:...
by Austintatious
Wed Sep 19, 2018 5:48 pm
Forum: Investing - Help with Personal Investments
Topic: What is the risk in buying Purchased Money Funds?
Replies: 4
Views: 452

Re: What is the risk in buying Purchased Money Funds?

This article is 5 years old but it's a doozy. It refers to money market funds as " a most dangerous investment", part of the "shadow banking" industry where banking depository-like options without FDIC protection are dangled before the consumer in the form of a few more basis points and perhaps a bi...
by Austintatious
Sun Sep 16, 2018 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: delaying claiming SS from age 64 to 70 while not working
Replies: 21
Views: 1572

Re: delaying claiming SS from age 64 to 70 while not working

Besides running your numbers on a calculator, you can set up your mySocialSecurity account via the SS website. Once accomplished, I think it will include a statement of your benefits including a projection for the benefit amount at age 70. Also, you can call SS and ask them to give you your age 70 p...
by Austintatious
Sat Sep 15, 2018 4:53 pm
Forum: Investing - Help with Personal Investments
Topic: CD rates--what to do?
Replies: 45
Views: 6528

Re: CD rates--what to do?

A related question--I have a 5-year CD purchased 2 years ago at 1.85% interest. The early withdrawal penalty is 150 days interest. It makes sense to pull the money out and pay the penalty in order to get another CD at 2.8% interest--right? I'm I missing something here with my math? Just wanted to m...
by Austintatious
Thu Sep 13, 2018 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Withholding from RMD'S
Replies: 10
Views: 891

Re: Withholding from RMD'S

As mentioned by mhalley, they will withhold whatever amount you want. Now, if you are outside the U.S. or the money is to be dispersed outside the U.S., then they will automatically withhold 30%. See the end of section 2 of this description of the Vanguard rmd service: https://personal.vanguard.com/...
by Austintatious
Thu Sep 13, 2018 9:22 am
Forum: Personal Consumer Issues
Topic: 401k "advice" to my associates
Replies: 51
Views: 2189

Re: 401k "advice" to my associates

I applaud your efforts to motivate your associates. Here's something you might consider. It's a relatively simple and short read yet right to the point and actually pretty compelling, in my opinion. Consider giving each of them a copy of Bernstein's "If You Can" in the book format ($5 to $6 at Amazo...
by Austintatious
Wed Sep 12, 2018 9:02 pm
Forum: Personal Consumer Issues
Topic: Subaru Forester - ready to buy
Replies: 43
Views: 4270

Re: Subaru Forester - ready to buy

i drove a 2018 Forester at the dealer in Austin a few months ago and I was quite favorably impressed with the comfortable ride, zippy acceleration and excellent vision all around. It imparts a feeling of roominess.
by Austintatious
Sun Sep 09, 2018 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Advice on personal loan options?
Replies: 16
Views: 1088

Re: Advice on personal loan options?

The plan you appear to have arrived at - returning to where the jobs are and maximizing income while minimizing expenses as you build a grubstake - is the plan that affords you the greatest stability and greater likelihood of success. It's the plan I suspect most here would advise, assuming that you...
by Austintatious
Sat Sep 08, 2018 7:43 pm
Forum: Investing - Help with Personal Investments
Topic: Financial Plan
Replies: 13
Views: 1112

Re: Financial Plan

OP, I don't know if this will be helpful but, while recently reading an article on Jonathan Clements' website "The Humble Dollar", I stumbled across this survey ultimately asking if one would pay $275 for a financial planner to review one's finances. It seems that Clements and an associate are looki...
by Austintatious
Sat Sep 08, 2018 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on personal loan options?
Replies: 16
Views: 1088

Re: Advice on personal loan options?

I fear that you are on the cusp of making a huge mistake. Undertaking debt, especially in the form of personal loans, on a roll of the dice that one's luck will change, especially when there's no real evidence of it, is a recipe for disaster. You say you're confident that you can turn things around ...
by Austintatious
Wed Sep 05, 2018 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: Should I keep my financial advisor
Replies: 130
Views: 7679

Re: Should I keep my financial advisor

Per the old moneychimp compound interest calculator, starting with next year's $6,000.00 and adding $6,000.00 each year to it (of course, that fee's gonna get even higher over time) for 30 years and assuming maybe a 5% real growth (actual growth could be less or could be more), and you'd have in exc...
by Austintatious
Mon Sep 03, 2018 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: A quick SS survivor benefit question..
Replies: 5
Views: 632

Re: A quick SS survivor benefit question..

Well, my apologies for the confusion, 47percent. Your PIA is certainly a factor to be considered.
by Austintatious
Mon Sep 03, 2018 5:18 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for an 87-year-old?
Replies: 36
Views: 2185

Re: Advice for an 87-year-old?

Placing it in a higher yield checking or money market account or maybe some CDs seems like a good idea to me. CapOne's 360 money market account is paying 1.85% right now. Other big banks like citi are offering relatively high yield checking accounts plus hundreds in bonuses right now. https://www.ba...
by Austintatious
Mon Sep 03, 2018 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: A quick SS survivor benefit question..
Replies: 5
Views: 632

Re: A quick SS survivor benefit question..

Referring to the link I've included above, towards the bottom of that page you'll see a section highlighted in dark blue entitled "How Much Would Your Survivors Receive". In the text in the light blue highlighting just below, it's made clear that the survivor's amount is based on the amount the dece...
by Austintatious
Mon Sep 03, 2018 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: A quick SS survivor benefit question..
Replies: 5
Views: 632

Re: A quick SS survivor benefit question..

Here's a page provided by Social Security. I am NOT an expert but, having said that, it's been my understanding that a survivor's benefit is calculated based, first , on the primary beneficiary's actual benefit amount as opposed to his primary insurance amount (PIA) and second , on when the survivor...
by Austintatious
Fri Aug 31, 2018 4:51 pm
Forum: Investing - Theory, News & General
Topic: "Mutual Funds and Securities Lending"
Replies: 32
Views: 1738

Re: "Mutual Funds and Securities Lending"

I don't see the relevance to Fidelity and their ZERO index fund offerings. Certainly the article doesn't even mention them. And in fact, Fidelity has promised (claimed, if you believe them) that all the returns of Securities Lending go to the fund. See this article: http://www.investmentnews.com/ar...
by Austintatious
Fri Aug 31, 2018 4:17 pm
Forum: Investing - Theory, News & General
Topic: "Mutual Funds and Securities Lending"
Replies: 32
Views: 1738

Re: "Mutual Funds and Securities Lending"

If a mutual fund has a 0 ER, like Fidelity's two funds now, does it really matter to the individual investor which of their revenue streams is covering those funds' costs? If you wanted to think of it as, say, their credit card business is funding the 0 ER funds operating costs, and ownership is ju...
by Austintatious
Fri Aug 31, 2018 2:31 pm
Forum: Investing - Theory, News & General
Topic: "Mutual Funds and Securities Lending"
Replies: 32
Views: 1738

Re: "Mutual Funds and Securities Lending"

I don't see the relevance to Fidelity and their ZERO index fund offerings. Certainly the article doesn't even mention them. And in fact, Fidelity has promised (claimed, if you believe them) that all the returns of Securities Lending go to the fund. See this article: http://www.investmentnews.com/ar...
by Austintatious
Fri Aug 31, 2018 1:15 pm
Forum: Investing - Help with Personal Investments
Topic: Approaching retirement, need to rebalance? SS plan?
Replies: 17
Views: 1676

Re: Approaching retirement, need to rebalance? SS plan?

You may have already fully explored your options under Social Security but, if not, you might benefit from running your situation through one of the calculators available online. Here's the user friendly version offered free to the public by forum member Mike Piper.

https://opensocialsecurity.com/
by Austintatious
Tue Aug 28, 2018 8:33 am
Forum: Personal Consumer Issues
Topic: Recommend a good SOCK. Yes, I said SOCK!
Replies: 48
Views: 4023

Re: Recommend a good SOCK. Yes, I said SOCK!

Darn Tough socks. Not inexpensive, but also not cheap. Lifetime warranty. Made in America of a wool blend. There is no finer sock, imho. I work outside, in boots, all day and night I will wear nothing else. Well... Smartwool socks too. I was sold on Smartwool but I've moved on to Darned Tough. Very...
by Austintatious
Mon Aug 27, 2018 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Man...opening a savings account with Ally is an arduous process.
Replies: 32
Views: 3124

Re: Man...opening a savings account with Ally is an arduous process.

Problem is, to get it done, one has to unfreeze credit accounts at all 3 bureaus which is not without costs. Beginning September 21, it will be free to freeze and unfreeze your credit across the country. See https://www.consumer.ftc.gov/blog/2018/06/free-credit-freezes-are-coming-soon-0 I had no id...
by Austintatious
Mon Aug 27, 2018 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Man...opening a savings account with Ally is an arduous process.
Replies: 32
Views: 3124

Re: Man...opening a savings account with Ally is an arduous process.

DW recently thought about taking advantage of a CapOne promo offering a $200 bonus for opening a new money market account and depositing $10k in the account. Given that their current rate is 1.75%, that deposit held for a year would essentially be a 12 month cd at 3.75% with no early withdrawal pena...
by Austintatious
Sat Aug 25, 2018 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Question for Social Security experts
Replies: 13
Views: 1729

Re: Question for Social Security experts

FBN2014, another non-expert here but I'll offer what I believe remains available to SS beneficiaries regarding the so called restricted application for spousal benefits. The law was changed a couple of years ago so that only those born before January 2, 1954 can take advantage of that option. You ob...
by Austintatious
Tue Aug 21, 2018 2:38 pm
Forum: Investing - Help with Personal Investments
Topic: Investing monthly Social Security payments
Replies: 33
Views: 3020

Re: Investing monthly Social Security payments

I suspect you've already given much thought to this but I'll ask anyway. Since it's not needed, have you thought about deferring your social security, maybe even to age 70? Compare the guaranteed 6 - 8 percent per year you'd realize by deferring to the unpredictable earnings you would realize from c...
by Austintatious
Sun Aug 19, 2018 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card to Pay off Overpayment of Student Debt
Replies: 18
Views: 1608

Re: Credit Card to Pay off Overpayment of Student Debt

I did this the last year I was paying off my student loans. I had emergency funds to cover the balance so the risk of job loss or not being able to keep up the payment was minimal. And my interest rate was 6.8% so I was willing to take a small risk for the savings. The challenge is that most of the...
by Austintatious
Sat Aug 18, 2018 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Online Banking - School Me
Replies: 21
Views: 2244

Re: Online Banking - School Me

OP, CapOne's money market account rate is at 1.75%. What's more, they're currently offering a $200 bonus to invitees who've not had another CapOne "savings product" in the last couple of years and who open their account and deposit $10,000 by August 31, 2018. I know that the offer has been extended ...
by Austintatious
Sat Aug 18, 2018 11:22 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1154
Views: 95078

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

Jonathan Clements on the Humble Dollar regarding this very subject. http://www.humbledollar.com/2018/08/newsletter-no-30/ "YOU CAN’T GET high returns without taking high risk—and yet many investors believe that U.S. stocks are not only safer than foreign shares, but also pretty much guaranteed to o...
by Austintatious
Mon Aug 13, 2018 8:51 am
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 225
Views: 20548

Re: "Open Social Security" calculator: feature requests, bug reports, etc

Mike, while it may seem obvious to most that the tool does not and cannot consider every factor unique to a user's situation, factors that the user should or at least might want to consider in deciding how and when to apply, it's just not going to be so obvious to everyone. There is an explanation o...
by Austintatious
Fri Aug 10, 2018 6:26 pm
Forum: Investing - Theory, News & General
Topic: The Bigger Story: Fidelity Expense Ratios
Replies: 98
Views: 10680

Re: The Bigger Story: Fidelity Expense Ratios

I have to wonder if this is "The Bigger Story": Family First How the owners of Fidelity get richer at everyday investors’ expense By Tim McLaughlin Filed Oct. 5, 2016, noon GMT The billionaire Johnson clan has a private venture capital arm that competes directly for lucrative deals with the Fidelity...
by Austintatious
Fri Aug 10, 2018 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 225
Views: 20548

Re: "Open Social Security" calculator: feature requests, bug reports, etc

Given the factors I mentioned in the last post, I wonder how useful this calculator is? It might lead to more confusion than clarity for most people, and might lead to some people taking SS earlier than would be best for them. What it calculates is just one minor part of the info to be considered w...
by Austintatious
Wed Aug 08, 2018 9:49 am
Forum: Investing - Help with Personal Investments
Topic: different types of interest penalties on withdrawal of CD. Which is better?
Replies: 8
Views: 620

Re: different types of interest penalties on withdrawal of CD. Which is better?

The math is mind-bending for me as well, considering all the possibilities, but it seems that the penalties at PenFed are substantially harsher for the longer term cd's since it could be far greater than CapOne's interest on just a 12 month period. For example, consider a $100,000 cd at 3% for 5 yea...
by Austintatious
Sun Aug 05, 2018 2:24 pm
Forum: Investing - Help with Personal Investments
Topic: Local Bank IRA
Replies: 10
Views: 574

Re: Local Bank IRA

With some exceptions, your local bank will not be offering competitive rates on deposit accounts compared to nationally available rates. That includes IRA certificates. Unless the banks in your parents' community are among those exceptions, they'd be better off looking elsewhere for IRA certificates...