Search found 152 matches

by Chaconne
Tue Jan 01, 2019 11:18 pm
Forum: Personal Finance (Not Investing)
Topic: How to afford a sports car?
Replies: 128
Views: 9314

Re: How to afford a sports car?

OP, I think you probably should have taken more humanities courses in college. It's not too late to start reading Epictetus. Re-evaluate your priorities in life, my friend.
-Bob
by Chaconne
Tue Jan 01, 2019 11:01 pm
Forum: Investing - Theory, News & General
Topic: Cramer touting CD's, MM Funds, and S&P 500 Index on Today Show!
Replies: 16
Views: 2612

Re: Cramer touting CD's, MM Funds, and S&P 500 Index on Today Show!

I keep getting him confused with Louis CK. I don't really follow investing advice from either one.
-Bob
by Chaconne
Thu Dec 20, 2018 10:55 am
Forum: Personal Finance (Not Investing)
Topic: When do Social Security payments count as income?
Replies: 24
Views: 3066

Re: When do Social Security payments count as income?

OP. Maybe you did not listen long enough for the callback option to surface. Just used the callback yesterday and they did so in the timeframe they said. This is one of those cases that you don't know what you don't know. Now you know. There is callback. You're right Shallow. As I mentioned in an a...
by Chaconne
Thu Dec 20, 2018 10:52 am
Forum: Personal Finance (Not Investing)
Topic: When do Social Security payments count as income?
Replies: 24
Views: 3066

Re: When do Social Security payments count as income?

OP here. My original question was entirely based on the fact that SS payments are direct-deposited into your account one month after they are earned. SS makes this very clear. So while I know my December 2018 benefit will be deposited in January 2019, my only question was whether that payment would ...
by Chaconne
Tue Dec 18, 2018 10:29 am
Forum: Personal Finance (Not Investing)
Topic: When do Social Security payments count as income?
Replies: 24
Views: 3066

Re: When do Social Security payments count as income?

Great information, dodecahedron. Thanks very much.
-Bob (he)
by Chaconne
Mon Dec 17, 2018 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: When do Social Security payments count as income?
Replies: 24
Views: 3066

Re: When do Social Security payments count as income?

Thanks, everyone.

Gerry, there was no mention of a callback, but then again, I hung up as soon as the voice said the wait time was 45 minutes. Perhaps if I'd hung on longer, I would have heard about it.
by Chaconne
Mon Dec 17, 2018 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: When do Social Security payments count as income?
Replies: 24
Views: 3066

Re: When do Social Security payments count as income?

OP here. I thought I'd try to get my question answered definitively by calling Social Security. After hearing recorded messages that had nothing to do with my question for about five minutes, I was told the wait time to speak with a rep was another 45 minutes. No thanks. I guess I'll find out or sur...
by Chaconne
Sun Dec 16, 2018 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: When do Social Security payments count as income?
Replies: 24
Views: 3066

Re: When do Social Security payments count as income?

January will be considered 2019 Income. Thank you very much, dm200, but I believe this can be read two ways: 1) The December payment, which will be deposited in January, will be considered 2019 income. 2) The January payment, which will be deposited in February, will be considered 2019 income. If y...
by Chaconne
Sun Dec 16, 2018 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: When do Social Security payments count as income?
Replies: 24
Views: 3066

When do Social Security payments count as income?

I hope this is a simple question for you folks. Googling has not helped.

My first Social Security benefit payment will be for this month (December, 2018), with the "check" being deposited in my account in January. Will that payment be considered as 2018 income or as 2019 income? THANKS.
-Bob
by Chaconne
Sat Dec 15, 2018 9:29 am
Forum: Personal Investments
Topic: I made a mistake by not selling when the market was high this year
Replies: 153
Views: 19871

Re: I made a mistake by not selling when the market was high this year

A recent email from Vanguard led me to their article on their outlook for 2019: "Our near-term outlook for global equity markets remains guarded, but a bear market would not appear imminent given that we do not anticipate a global recession in 2019." Of course, neither Vanguard nor anyone else can p...
by Chaconne
Fri Dec 14, 2018 2:12 pm
Forum: Personal Investments
Topic: Imminent retirees & sequence fear
Replies: 69
Views: 4702

Re: Imminent retirees & sequence fear

Diver, I wonder whether you've considered the so-called rising glide path in equities, described by Michael Kitces and Wade Pfau. The basic idea is to reduce equity exposure early in retirement (which you have done in spades!) to avoid an adverse sequence of returns then gradually build it back up. ...
by Chaconne
Wed Dec 12, 2018 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Has anyone been able to execute a Power of Attorney with Vanguard?
Replies: 28
Views: 1996

Re: Has anyone been able to execute a Power of Attorney with Vanguard?

This thread prompted me to do some Googling. I found this in a PDF from Vanguard: "You should check with your financial institutions for their specific requirements for use of an attorney-drafted POA. Many have their own authorizations for the accounts at the financial institution. For example, Vang...
by Chaconne
Thu Dec 06, 2018 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: A simple will (vs. trust) for a simple guy?
Replies: 11
Views: 1210

Re: A simple will (vs. trust) for a simple guy?

While bsteiner certainly doesn’t need my support to make his point, I did want to emphasize the above to the OP. A trust (or trusts) that is created by the terms of your will once die could be beneficial to your siblings/nieces/nephews. A trust could protect their inheritance, for the reasons noted...
by Chaconne
Thu Dec 06, 2018 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: A simple will (vs. trust) for a simple guy?
Replies: 11
Views: 1210

Re: A simple will (vs. trust) for a simple guy?

Thanks very much to everyone for your thoughtful replies. A few notes in response: • I should have noted that I am in my late sixties, in good health. My siblings and their heirs (children) are all grown adults. • c1over8: Good point. According to my current will, "If my brother or sister should pre...
by Chaconne
Thu Dec 06, 2018 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: A simple will (vs. trust) for a simple guy?
Replies: 11
Views: 1210

A simple will (vs. trust) for a simple guy?

I know there are many threads on this topic, but it seems the question depends so much on individual circumstances that I can't get a good fix on my own situation. From what I know now, I'm pretty sure I would not need a trust, but thought I'd run it by all of you, if you care to comment. Here's my ...
by Chaconne
Mon Oct 29, 2018 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: Applying for Soc Sec: S Corp employee or self-employed?
Replies: 4
Views: 324

Re: Applying for Soc Sec: S Corp employee or self-employed?

Thank you all. Exactly what I thought. I appreciate it.
-Bob
by Chaconne
Mon Oct 29, 2018 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Applying for Soc Sec: S Corp employee or self-employed?
Replies: 4
Views: 324

Applying for Soc Sec: S Corp employee or self-employed?

I'm 90% sure I know the answer to this, but I'm about to apply for Social Security, and I don't want to mess anything up. Under the list of information you'll need to apply online, SS says: "Employer details for current year and prior 2 years" OR "Self-employment details for current year and prior 2...
by Chaconne
Tue Oct 23, 2018 3:11 pm
Forum: Investing - Theory, News & General
Topic: Set it and forget it
Replies: 74
Views: 13535

Re: Set it and forget it

Rick: Great advice that cannot be reiterated enough.

When I started investing, I was young, stupid and ignorant. But I WAS smart enough to pretty much do what Rick said. Today, I'm about to retire to what, as far as I can see, will be a pretty decent life.
by Chaconne
Wed Oct 17, 2018 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Did you retire because you hit your number?
Replies: 71
Views: 6796

Re: Did you retire because you hit your number?

I never earned what you'd call a lot of money. But I always pointed to a certain number ($X) that I hoped against hope I could achieve by FRA to afford a moderate lifestyle in retirement. Today I'm one year over FRA, and thanks to frugality, rigorous saving and—most important—the gods of the stock m...
by Chaconne
Thu Oct 11, 2018 8:44 pm
Forum: Personal Investments
Topic: Sell it all
Replies: 11
Views: 2852

Re: Sell it all

As GerryL suggested, don't we need to know the tax consequences of making this move before offering advice? Or did I miss something? (Not trying to be a smart aleck; I'm just not as sophisticated as most BHeads and want to know.)
by Chaconne
Wed Oct 10, 2018 8:22 pm
Forum: Personal Investments
Topic: The Psychological Dimension Of The Transition To Retirement
Replies: 25
Views: 3129

Re: The Psychological Dimension Of The Transition To Retirement

OP, Just by being here at Bogleheads, you will do well in retirement. By retiring early, you already have about three decades of practice at living below your means in order to save for retirement. You will not blindly spend 4% plus inflation of your retirement day assets without ever comparing tho...
by Chaconne
Wed Oct 10, 2018 7:27 pm
Forum: Personal Investments
Topic: What did you buy today
Replies: 119
Views: 9392

Re: What did you buy today

I'm retiring in a couple of weeks, so...vodka.
by Chaconne
Sun Sep 23, 2018 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care
Replies: 92
Views: 4944

Re: Long Term Care

You might find it helpful to visit: https://longtermcare.acl.gov/ I just started poking around there, so I haven't investigated it fully. But it addresses paying for LTC care through alternatives I hadn't known about, specifically annuities and life insurance. I think it's at least worth checking out.
by Chaconne
Tue Sep 18, 2018 2:44 pm
Forum: Investing - Theory, News & General
Topic: "7 Retirement-Portfolio Withdrawal Mistakes to Avoid"
Replies: 13
Views: 2275

Re: "7 Retirement-Portfolio Withdrawal Mistakes to Avoid"

Quote: "Retirees can use the IRS' tables for required minimum distributions as a starting point to inform their withdrawal rates." Is it correct to read that as follows: "Retirees can use the IRS' tables for required minimum distributions as a starting point to inform their OVERALL withdrawal rates...
by Chaconne
Sun Sep 16, 2018 11:43 am
Forum: Personal Investments
Topic: Staying with the old platform Mutual Funds
Replies: 12
Views: 1309

Re: Staying with the old platform Mutual Funds

I've seen posts about this issue, but so far I have not read or heard a single word from Vanguard about switching from my mutual-fund deal to a brokerage deal (I have only mutual funds with Vanguard; been with them since 1985). Will they eventually try to convert everyone to a brokerage?
by Chaconne
Sat Sep 15, 2018 9:09 am
Forum: Personal Investments
Topic: Total Bond or Total Bond/short-term
Replies: 48
Views: 5273

Re: Total Bond or Total Bond/short-term

When people say "rising interest rates," they're generally referring to the Federal Funds Target Rate, which is the rate that banks charge to lend money to each other overnight. This is the ONLY rate that the Fed has any direct control over. All other interest rates are determined by the market, ba...
by Chaconne
Fri Sep 14, 2018 9:29 pm
Forum: Personal Investments
Topic: Total Bond or Total Bond/short-term
Replies: 48
Views: 5273

Re: Total Bond or Total Bond/short-term

Bond prices already reflect market expectations about what will happen to interest rates in the future... Vineviz, I see this idea expressed often on the forum, and I'm not at all sure I understand what it means. I wonder if you or someone else can elaborate on it. Surely it can't mean that if inte...
by Chaconne
Fri Sep 14, 2018 12:19 pm
Forum: Personal Investments
Topic: Best tool/way to manage the a portfolio of multiple accounts
Replies: 25
Views: 1856

Re: Best tool/way to manage the a portfolio of multiple accounts

I use benign neglect for portfolio management to a limited degree. I believe that's a free download. :happy I'm transitioning from the accumulation stage to the retirement stage and have been using my own Excel spreadsheets. I just need to figure out how to reconfigure them for the drawdown rather ...
by Chaconne
Tue Sep 11, 2018 6:23 pm
Forum: Personal Investments
Topic: Money market vs Bond funds
Replies: 14
Views: 4605

Re: Money market vs Bond funds

What am I missing? Intermediate VG bond funds have lost from 1.25 to 1.50% YTD 9/2018. Short term funds have lost a small amount YTD. It would seem reasonable to expect interest rate to increase in future resulting in more loss of principal. VG Prime money market fund has a SEC yield of 2 %. Why sh...
by Chaconne
Mon Sep 10, 2018 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: Taking on project work after retirement?
Replies: 11
Views: 1190

Re: Taking on project work after retirement?

Thank you for your thoughts, everyone. Very interesting perspectives. I see that the thoughts all of you have expressed are as varied as the often contradictory thoughts running through my own mind! One good thing: I can always give it a shot, see how it goes, then decide whether to continue or to m...
by Chaconne
Mon Sep 10, 2018 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Taking on project work after retirement?
Replies: 11
Views: 1190

Taking on project work after retirement?

I've been a freelance (independent contractor) consultant for about 30 years. When informing my best client of my plans to retire soon, they asked me to consider taking on project work from time to time. Just wondering if any of you have been a similar situation and, if so, how it turned out. As lon...
by Chaconne
Fri Sep 07, 2018 7:46 pm
Forum: Investing - Theory, News & General
Topic: Is individual Bonds better than Bond Fund?
Replies: 58
Views: 6144

Re: Is individual Bonds better than Bond Fund?

I saw the same PBS Suze show that the OP did. My ears perked up when she said that because about two days before that, I put a boatload of money into the Vanguard Total Bond Fund! (The I remembered that I probably trust Taylor Larimore more than Suze.) BUT...I was surprised just a few days after tha...
by Chaconne
Wed Aug 29, 2018 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Closing Credit Card Accounts
Replies: 32
Views: 4459

Re: Chase Closing Credit Card Accounts

THY4373 wrote:
Wed Aug 29, 2018 11:49 am
Almost 100% guaranteed to be a phish. Ask yourself why they would suspend your online access but then ask you to log in to restore access?
Hence my understated, "I don't think I'm going to do that!" Thanks! :D
by Chaconne
Wed Aug 29, 2018 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Chase Closing Credit Card Accounts
Replies: 32
Views: 4459

Re: Chase Closing Credit Card Accounts

I don't even have a Chase card, but the other day I got an email from them saying they have "suspended my online access" due to "unusual activity." The email asks me to click on a link to log in to my account and unblock it. I don't think I'm going to do that! Anybody else get one of these?
by Chaconne
Tue Aug 28, 2018 7:21 pm
Forum: Investing - Theory, News & General
Topic: 2000-2018 retirement - sequence of returns
Replies: 153
Views: 14862

Re: 2000-2018 retirement - sequence of returns

Thanks so much to Homer and others who have contributed to this eye-opening—and to me reassuring—thread. One thought has occurred to me while reading through it: The information presented seems—in general—to reinforce the validity of the approach Jane Bryant Quinn writes about in her book "How to Ma...
by Chaconne
Mon Aug 27, 2018 6:22 pm
Forum: Investing - Theory, News & General
Topic: Best way to sell long held mutual fund
Replies: 13
Views: 1529

Re: Best way to sell long held mutual fund

I don't know enough to offer advice, but if you consider four years to be "long held," I'm guessing you're a pretty young whippersnapper! To many here, four years isn't even a blip on the radar screen. I'm hoping this move is part of a carefully thought-out long-term plan.
by Chaconne
Sun Aug 26, 2018 8:56 pm
Forum: Personal Investments
Topic: Does it make sense to take some cash out now
Replies: 8
Views: 1259

Re: Does it make sense to take some cash out now

frotec, I see that you have undergone an initiation similar to many new or relatively new members: Your first reply was a rhetorical question that did little or nothing to enlighten you, as a newcomer to the group. I'm sure over the course of your membership here you will gather that the boglehead p...
by Chaconne
Sat Aug 25, 2018 10:24 am
Forum: Personal Investments
Topic: Investing in a Broadway show production
Replies: 38
Views: 3578

Re: Investing in a Broadway show production

I don't know whether this will be more valuable as entertainment or instruction, but... Years ago, my father knew a well-established Broadway producer. He asked my dad to invest in his upcoming show about a rock-and-roll star who was enlisting in the Army and who wanted to give a female fan one last...
by Chaconne
Sat Aug 18, 2018 9:19 am
Forum: Investing - Theory, News & General
Topic: Capital Gains on an Index Fund
Replies: 25
Views: 1633

Re: Capital Gains on an Index Fund

(ON EDIT: I see PFInterest beat me to the punch—and did a better job of explaining things while I was typing the following!) Hi bgyt. I'm not much ahead of you in terms of experience, but I'll try to help out, knowing others will expand on or correct what I say. I believe PFInterest's "TLH" is tax-l...
by Chaconne
Tue Aug 14, 2018 5:26 pm
Forum: Personal Investments
Topic: Vanguard PAS Recommendation
Replies: 5
Views: 846

Re: Vanguard PAS Recommendation

tj, are you talking about the free portfolio review that Vanguard offers? Or are you talking about the services of Vanguard's Personal Advisory Service? If the former, do you get a sales "pitch" to enroll with PAS? I'm curious because I'd like to see what the free review is like, but I'd be less cra...
by Chaconne
Sun Aug 12, 2018 10:45 pm
Forum: Personal Finance (Not Investing)
Topic: What I spent in 6 months on medicare
Replies: 196
Views: 21164

Re: What I spent in 6 months on medicare

Wow. You're paying $128 a month for Plan L? In many areas of the U.S. people are buying G for around $101 How long have you had Plan L? I've had it for 2.5 years. When my decision time came, it offered the best combination of value and coverage, to my mind. At the time I enrolled, the four Plan G p...
by Chaconne
Sun Aug 12, 2018 10:25 pm
Forum: Investing - Theory, News & General
Topic: How can I use the Rising Equity Glide Path?
Replies: 61
Views: 4574

Re: How can I use the Rising Equity Glide Path?

Darwin, you seem to be hitting some headwinds here! I, too, find this idea intriguing, though I don't know whether I'd have the guts to carry it out. If you haven't seen the article below, perhaps it will be of help: http://www.aaii.com/journal/article/reduce-stock-exposure-in-retirement-or-graduall...
by Chaconne
Sun Aug 12, 2018 10:12 pm
Forum: Personal Investments
Topic: [How can I simplify rebalancing across multiple accounts?]
Replies: 19
Views: 2378

Re: [How can I simplify rebalancing across multiple accounts?]

This Wiki article on "Asset Allocation in Multiple Accounts" may be helpful. I found the "pitchers and buckets" analogy especially informative.

https://www.bogleheads.org/wiki/Asset_a ... e_accounts
by Chaconne
Sun Aug 12, 2018 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: What I spent in 6 months on medicare
Replies: 196
Views: 21164

Re: What I spent in 6 months on medicare

It's been an unusually active year for me, medically speaking.

I've been billed about $17,000.
I've paid about $400.

Not a bad deal at all, even with the roughly $3,000 I pay in annual premiums (Part B = $1,206. Part D = $317. AARP United Plan L Supplement = $1,540).
by Chaconne
Sun Aug 12, 2018 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Understanding Medicare Options?
Replies: 42
Views: 2341

Re: Understanding Medicare Options?

Thanks for all the great advice. Yes, I am on SSDI and am recovering from a major health issue that could reappear at any time. Will have the opportunity to go on Medicare, but I am not up to speed with all the terms, much less the nuances, health benefits vs financial benefits of various options. ...
by Chaconne
Sun Aug 12, 2018 9:24 am
Forum: Personal Finance (Not Investing)
Topic: SS 2019 COLA could be close to 3%
Replies: 55
Views: 6287

Re: SS 2019 COLA could be close to 3%

I'm very happy it was useful to you. I would suggest making an appointment to visit with your local Social Security Office specialist. They can give you a printout which makes your benefit estimation month-by-month very clear. Then you can see the exact tradeoffs and benefits for delaying or taking...
by Chaconne
Sat Aug 11, 2018 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: SS 2019 COLA could be close to 3%
Replies: 55
Views: 6287

Re: SS 2019 COLA could be close to 3%

The monthly payment increases by the COLA amount whether you are taking it or deferring it. There's no reason to grab it earlier than you planned or wanted to, and no reason to delay beyond what you planned or wanted either. If you are over full retirement age, each month you delay your payment inc...
by Chaconne
Fri Aug 10, 2018 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: SS 2019 COLA could be close to 3%
Replies: 55
Views: 6287

Re: SS 2019 COLA could be close to 3%

Hmmmm. I wonder what the implications are for someone like me, who is planning to start taking SS benefits this-coming January. Will my initial monthly benefit reflect this COLA increase? Should I start receiving benefits before the end of this year in hope that the increase would apply to me, thus ...
by Chaconne
Wed Aug 08, 2018 6:19 pm
Forum: Investing - Theory, News & General
Topic: [Explain] something to me about bonds, please
Replies: 4
Views: 915

Re: [Explain] something to me about bonds, please

Thank you very much for your answer, Cruncher.
by Chaconne
Tue Aug 07, 2018 9:13 pm
Forum: Investing - Theory, News & General
Topic: [Explain] something to me about bonds, please
Replies: 4
Views: 915

Re: [Explain] something to me about bonds, please

Thank you very much, btraven. But regardless of that, it appears that between the last day of 2013, for instance, and the last day of 2014, I assume I still would be $2,472 "richer" ($57,725 - $57,253).