Bogleheads.org

jeffyscott

Thanks for letting me know that they title it that way automatically and for the tip that the title alone may not be sufficient. I'm not overly concerned about it, but figure I might as well keep assets as safe as possible. It'll be my only rollover IRA and I won't be able to contribute, retired las...

jeffyscott

I am planning to rollover from a 457 plan to an IRA at Vanguard. In the wiki, under "asset protection", there is this suggestion: According to some attorneys with expertise in ERISA and pension topics, when rolling over assets from an ERISA plan into an IRA, you should title the IRA as such and not ...

jeffyscott

It's not worth over analyzing, but... :) The "TIPS Watch" link says: "The I Bond’s six-month variable rate will fall from 2.48% to 2.22% on May 1". The potential 0.26% extra for 6 months will be offset in about 16 months if there is 0.1% fixed rate increase. A 0.1% increase would be about $200 extra...

jeffyscott

That is the way I choose to define a liability. Define it however you wish, but you are comparing owning the home you live in to owning a rental property as if you can not do both. Those are two separate decisions. You have to live somewhere, so a valid comparison is what does it cost to rent vs. b...

jeffyscott

aristotelian wrote: ↑
Fri Apr 13, 2018 7:02 am

jpsc wrote: ↑
Fri Apr 13, 2018 4:25 am
Buy it now and lock in the 2.48%, why wait until May and get the measly 2.2% ?

What if they raise the fixed rate?

I'm betting on that, going to risk losing out on $13 by delaying.

jeffyscott

I think you are confusing the house one lives in (a liability), and the house you rent out (an asset). How is the house I live in a liability? That is only the case if one owns more house than one would rent. A quick estimate in my case indicates that I would need to earn at least around 4-5% after...

jeffyscott

Money market fund should pay more than an FDIC insured savings account. I think it's only over the last 10 years or so that this has been reversed?

jeffyscott

My understanding is that he's saying the projected returns (e.g. 3% real) would be based on CAPE remaining at 33.4, which is very high. If instead, CAPE declines the realized returns will be lower.

jeffyscott

[Post removed by admin LadyGeek] Good to be skeptical, but bad to let skepticism cloud your vision. I think if you read more of Larry’s books and essays, you’ll find that clarity of thought, internal consistency, and integrity leaps off the pages. He’s posted here like 10,000 times, written I think...

jeffyscott

Larry Swedroe is not "targeting this forum." He said goodbye to the forum last year, and has not started a thread in this forum since April, 2017. I certainly do not think he is "targeting this forum", but the "goodbye" was seemingly only to posting publicly. It appears he still follows it and some...

jeffyscott

nisiprius wrote: ↑
Mon Apr 09, 2018 2:34 pm
Larry Swedroe has sent me this PM commenting on my question as to whether SRRIX is an active or passive fund:...

Is the ER 2%+?, that's enough for me to reject it, be it index, passive, or active.

jeffyscott

As far as why no more CCF recommendations. All the discussed alts from Stone Ridge and AQR, like CCFs, are tax inefficient. Tax advantaged space is very limited, so have to make choices. What an explanation :!: ..."Well, I'd still recommend CCFs, but I just know that no one has room for them". Yep,...

jeffyscott

You can reimburse yourself whenever you like. Some people, like one poster above, even leave the money in the account with the idea that they will save receipts for years and years and then make a big withdrawal when they are 90 or something. That's not worth the hassle to me, I just take withdrawal...

jeffyscott

The suggestions on offer seem over-engineered and not proven. Agree and I am not willing to go beyond the suggestion: "One way to improve forward-looking return expectations is to globally diversify, as international equity valuations are quite a bit lower than U.S. valuations, if not exactly cheap...

jeffyscott

It’s important to note that valuations are at historically high levels and bond yields are at historically low levels. But that is not a clarion cry to try and time the market. Why not? There's little opportunity cost to wait in cash for more attractive opportunities. Using this source: https://int...

jeffyscott

The suggestions on offer seem over-engineered and not proven. Agree and I am not willing to go beyond the suggestion: "One way to improve forward-looking return expectations is to globally diversify, as international equity valuations are quite a bit lower than U.S. valuations, if not exactly cheap...

jeffyscott

...this all says to me that "cash" is something distinct from bonds (and obviously stocks) and that this separate type of asset can serve a beneficial purpose under certain circumstances that the other assets cannot. Moreover, as I stated in my prior post, I am not convinced that the traditional in...

jeffyscott

In the end it's just because those are the rules and laws that exist. They could certainly change the law to require plans to allow roll-over to IRA while still employed. Or just make a combined limit for IRA and 401K and allow employer contributions to go to IRA, so the individual would have their ...

jeffyscott

I’m not sure that those of you who take comfort in a relative higher interest payment, as a result of a bond fund decline, are factoring in what could happen if rates rise from near zero to anything even close to historic levels. For anything other than short term bonds. It will take years and year...

jeffyscott

One, by 2020 the years 2008-09 will 'drop off' the CAPE 10 metric. Won't that lower CAPE 10 somewhat, making equities more attractive (in theory)? I have read CAPE 10 will go down by roughly 4-5 points when we 'lose' 2008-09. Does that imply - do nothing because CAPE 10 will go down, and by that me...

jeffyscott

Larry Swedroe said: Compounding the problem is that low interest rates themselves increase the risk of fixed-income allocations because lower rates mean greater duration (a measure of bonds’ sensitivity to changes in interest rates, measured in years). For example, as Stone Ridge founder Ross Steve...

jeffyscott

I also have gotten the discount up front. I think it's only 2%, though...or maybe that was the paperless discount?

I guess it is only the auto that has the paid in full discount, our other policies say 10 payment plan although I have always paid those in full in the past also.

jeffyscott

...or should I pay my $11,000 in annual insurance premiums and my $4,000 deductible from the HSA as they are incurred? Am I required to do so? I don't think the HSA can be used to pay your insurance premiums. From form 8889 instructions: You cannot treat insurance premiums as qualified medical expe...

jeffyscott

I don't care about maximizing my credit limit... Same here, I'm just going for bonuses :greedy . When near the end Chase popped up with "do you want to include income from other sources to expedite your application", I interpreted that as meaning "you need more income". But now I think it may have ...

jeffyscott

I did get scammed in Germany once when National decided four months after the rental I had scuffed a bumper and stolen the English CD from the GPS. Credit card (Amex I think) wouldn't cover it since I was outside a 90 day claim window. It was a business trip so I just ended up expensing it. Another...

jeffyscott

Just happened to see this article today, "Master List of "Universal Unlocked" Phones That Work on All Four US Networks":

https://www.prepaidphonenews.com/2018/0 ... hones.html

jeffyscott

In Norway, when I mentioned the umbrella coverage, the guy even told me they also had something like $100K liability coverage included with the rental (appears to be required there). I don't remember if I mentioned the umbrella coverage in Germany and I don't know if the rental company was required...

jeffyscott

When a plant sees white striping, it usually gets diverted to an end use that can accommodate it, such as a slow cook or breaded battered deep fry application. Companies try to keep that out of the retail tray pack market. It's also not quite as common as reading this thread would suggest... All yo...

jeffyscott

GSM vs CDMA is a really old way of viewing cell phone tech. You want to consider much more than just GSM & CDMA. A number of carriers aren't running their primary networks on GSM or CDMA these days. LTE, for example, is in wide use and you want to ensure that the phone you're considering not only s...

jeffyscott

I have used the total income amount(before adjustments) from my most recent tax return and never had any questions. This is a good idea because it's easy to substantiate if the bank has questions. That will work for me for future years. This being a transition year, I had added my income from parti...

jeffyscott

Rental car insurance is a major ripoff that becomes hugely more apparent in Europe. We had nothing like your experience when renting in Norway and Germany. No one tried to pressure us on insurance at all and the whole process was pretty much the same as we have had in the US. In Norway, when I ment...

jeffyscott

We do a few credit card applications a year for the bonuses. Since retiring last year, I have been uncertain what to enter when credit card applications ask for income. Let's say there's a $30,000 pension, $600,000 in 401K, and $200,000 Roth IRA and we plan to withdraw $10,000 from 401K and rollover...

jeffyscott

If you have an umbrella policy, it may cover your liability in a rental if there is no other coverage. When renting a car in Europe, our umbrella would've covered liability, while our personal car insurance would not as it is limited to US and Canada. As the owner of the car, the rental company may ...

jeffyscott

It's tempting to let click-bait articles influence your outlook on how good you've got it, and all things considered we have it pretty good here in California. That doesn't stop me from speculating on selling our home and buying a 300k home in a 4 season location and another 300k condo in the Carib...

jeffyscott

I'll try a definition of "income" here and others may want to comment on it. Income = interest and dividends on investments including stocks, bonds, CDs, etc. + SS + pension payments + annuity payments + business earnings/wages/unemployment insurance payments/WC OK, so what %? (Over 100% is a perfe...

jeffyscott

Best source of (extremely) detailed weather and climate info that I have found is: https://weatherspark.com/ Thanks! The "comparison of average weather" tool is particularly useful. If I was considering leaving California, I would pay particular attention to the "Chance of Muggy Conditions" chart o...

jeffyscott

I went to Texas and Arizona during summer, it is HOT. What about Flagstaff? You may have to choose what type of undesirable weather you prefer, during certain parts of the year. Cold winter, hot & humid summer, even hotter but drier summer, cool & drizzly winter, etc. We are in the cold winter zone...

jeffyscott

So which model do you prefer and why? Rather than try to independently assess market valuations (and expected returns), I just look at a few sources, that I think are of some value, for their evaluations. I use Research Affiliates, GMO, and Morningstar...mostly the first 2, M* seems overly optimist...

jeffyscott

It seems problematic to me to empower a poll judge to deny a ballot because they don't like the look of your signature :shock: . We used to just give our name, but now have to sign and show ID. But, I do not believe the signature could possibly be used to deny someone a ballot, only refusing to sign...

jeffyscott

In a few days, signature will no longer be required on credit card receipts. https://www.creditcards.com/credit-card-news/signatures-soon-may-not-be-required.php Good, it is about time they acknowledged the uselessness of this "signature requirement". No merchant that I have dealt with actually req...

jeffyscott

Your new card is paper, which is easier for many providers to use and copy. It's interesting that the Medicare card needs to be paper for the providers but my AARP/United Healthcare Medicare supplement plan card is plastic. Pretty sure no insurance card that I have ever had has been paper, yet no p...

jeffyscott

The AGI limit increases for 2018, but the value will be a maximum of $1400 for joint and $700 individual.

For single, AGI limit for 50% credit is $19,000, reduce that by std deduction of $12,000, leaves $7000 taxable. Since that's completely in the 10% bracket, taxes would be $700.

jeffyscott

1) As previous noted, the Savers Credit is limited to a maximum of $1,000 for an unmarried taxpayer. 2) It is a NONrefundable credit, which means it can't exceed the amount of the child's tax liability. If the student made the kind of money that part-time workers typically make, there is likely lit...

jeffyscott

I've used it for quite a while. I have no use for airline points so it's a great way for me to exchange those points for a Best Buy gift card which I bring to BB and buy a Shell gift card to buy gas. Bam! Something useful from something useless to me. What exchange rate have you gotten for airline ...

jeffyscott

Seen this with IOS and Android OS. Basically the app gets updated on the App Store to a version that will not run on your device. Your previous app was an older version that would run. Sometimes you can locate the older app and force a download of it... Other times you are out of luck... This is th...

jeffyscott

GCD wrote: ↑
Mon Mar 12, 2018 10:34 am
Yeah, I pretty much agree with all of that.

jeffyscott

I don't either , but I am reconsidering this. Apparently some places (Outback, maybe others) that are primarily sit-down but also have a large percentage of carry-out assign their wait staff to carry-out as a sort of collateral duty while they are also waiting tables. I have heard that, but what am...

jeffyscott

I don’t understand what benefit people see in keeping a copy of the receipt in terms of proving the tip amount. It’s the merchant’s copy that matters. You would have to take a photo of the original, since carbon copies have gone the way of the Dodo. My copy would be so that I know what I put on the...

jeffyscott

Got it. Yes that is different and totally optional. Optional and in those situations I ALWAYS put a zero on the tip line and write in the total to avoid what happened to the OP. When I am actually being served I always tip generously of course. How would writing anything avoid changing tip amounts?...

jeffyscott

I think that with Southwest you could potentially get 5 tickets using points. Their system is points can be used for any flight and a point is always worth about 1.7 cents. They don't restrict availability like others do. I think the ongoing 1.7% effective rebate rate (3.4% on hotels and car rentals...

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