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Sheepdog

20 years ago, my retirement plan was to retire and enjoy life. I can do anything I and my wife would like to do.....anything. Don't you think that was something great to retire to?

Sheepdog

Invest in what makes YOU comfortable, not what makes others comfortable. Age in bonds worked fine for me and my psyche and my retirement funding.
I found hitting singles and walks took me around the bases with less strikeouts..

Sheepdog

Wellesley holders might want to think about busting out of the single-fund approach... That's not how most Wellesley investors roll. :D The W/W fund holders are in them for the long long haul. A season of soft performance doesn't mean much. (Wellington fund holder here, so I'm projecting a little.)...

Sheepdog

mhc wrote: ↑
Tue Sep 11, 2018 4:17 pm
Every time I have my carburetor cleaned.

Sheepdog

flyingaway wrote: ↑
Tue Sep 11, 2018 3:53 pm
Never!

ditto

Sheepdog

In my case Enterprise told me that Ford was NOT paying insurance. You should contact Ford to confirm that they are not PROVIDING insurance. They maybe covering you on their own and not paying Enterprise. That's the way rentals worked when I was traveling on business. My company PROVIDED coverage bu...

Sheepdog

Thank you for considering protecting us, our families, our homes and neighborhoods. If is a special occupation and public service. You know the dangers. I, as a citizen and neighbor, know the dangers you may face to protect me and mine from having to face those dangers ourselves. God bless you for c...

Sheepdog

Did anyone see this? http://www.marketwatch.com/story/youre-probably-going-to-need-a-lot-more-than-you-think-to-retire-2018-09-06 The article seems to make some rather foolish assumptions, chief among them, after I retire I will not change my spending habits at all. Eating out 3X a week? That seems...

Sheepdog

I understand you. My wife does nothing with investing. Everything is written down to help her. Earlier this year on this jags4186 thread https://www.bogleheads.org/forum/viewtopic.php?f=2&t=222620&start=50 I made a comment last year on this thread where I wrote that my wife does not use a computer o...

Sheepdog

First I would like to be able to fund any long term care in a good facility for the length of time required for my wife and/or me. Beyond that, #2

Sheepdog

mouses wrote: ↑
Tue Sep 04, 2018 12:03 am

I keep my charitable donations about the same each year plus an increase for inflation. I did a dry run after the new tax law, and my taxes will increase $1K to $2K for this year.

Same here

Sheepdog

I'm just a child of 85. What do I know? If my sons offered to advise me on what to do with my money, I would just say thanks, but no thanks, I am just fine the way things are. After all, I have given them an occasional tip, like those 3.0 to 3.6% I bonds in the early 2000s and they ignored me comple...

Sheepdog

I am one of the most conservative invested Boglehead. I am risk averse (probably caused by my being a child of the Great Depression), but safely so. In one month I will have been retired 20 years. I invest conservatively, live off of my savings and SS very well and have watched it not just maintain,...

Sheepdog

Your health insurance doe not pay for the medical expenses of unrelated passengers who are injured. Your health insurance will not pay for "pain and suffering" and for most of the restrictions of life you may incur from an at fault driver who carries inadequate liability insurance. Thank you for yo...

Sheepdog

I've received some advice from a local injury attorney that he believes everyone should carry underinsured motorist (UIM) policy. I do not buy this coverage. My philosophy is to insure only for events that will affect my finances in a substantial way. Most UM coverage limits that I have been offere...

Sheepdog

[ Sheepdog -- You may be right. But how do you know for sure? I haven't seen anything in writing on this question. After all, when the taxpayer writes the check out of the IRA account/fund and mails it to the charity, the trustee is not involved at all in the transaction. Does this method still con...

Sheepdog

Writing checks might not qualify. IRC section 408(d)(8) defines a QCD as a distribution from an IRA that satisfies 2 criteria: 1. Paid after the IRA owner reaches age 70.5, and 2. " made directly by the trustee to an organization described in section 170(b)(1)(A )" Writing a check from a fund in th...

Sheepdog

Vanguard does it that way also. For example, in 2017 on my IRA 1099R my entire distribution is shown as "taxable" while half of it was actually QCDs. Some of the QCDs were submitted to the charity with checks from Vanguard and the rest were donated by IRA checks I wrote . (emphasis added) Wow! This...

Sheepdog

Vanguard does it that way also. For example, in 2017 on my IRA 1099R my entire distribution is shown as "taxable" while half of it was actually QCDs. Some of the QCDs were submitted to the charity with checks from Vanguard and the rest were donated by IRA checks I wrote. There's no way Vanguard woul...

Sheepdog

I would be upfront with the dealer and tell them you will have it repaired (via your insurance). Maybe your dealer will have it repaired in their shop via your insurance.
Things happen.

Sheepdog

'

delamer wrote: ↑
Fri Aug 24, 2018 1:10 pm
Have you considered a tablet instead?

I use a 7 inch tablet which does everything you want and the 7 inch size fits in all of my hand side pants pockets.

Sheepdog

Could it be just a fuse?

Sheepdog

Yes, many things are made cheaply today. They always have been. In my pre WWII youth, people would say "don't buy that cheap Japanese stuff" (times changed,huh?) A 2 minute search for checkers on line led to Amazon with a black and natural wooden checker set with an 89% 5 star customer ratings, (27 ...

Sheepdog

In YOUR mind....if in the next six months the value of your stocks has dropped 50% (if could) and you don't know for sure when it will go back up, how would that affect you?

Sheepdog

SJM, it really helps Bogleheads to write out the description for your investments because it takes so much time to look them up. You are likely to get more responses because of that.

Sheepdog

I’m a long ways from retiring, but it seems like most married people are still driving two cars in retirement based on the posts here. Wouldn’t it make sense to go to a single car? I guess it depends on your lifestyle, but it seems like an easy way to free up $500+ monthly whether you’re making a p...

Sheepdog

Annual physical or special Medicare test? No, per se. I visit my primary care physician every 3 or 4 months. He checks me out and asks questions. I ask questions too. He orders lab tests for the next scheduled visit 2 or 3 times a year. He does not believe in asking for xrays or similar testing unle...

Sheepdog

I purchase from my planned saving's investments "cash" accounts from which I receive all spending needs. We have 2 cars and usually replace each one about every 8 years with 1 or 2 year old used ones with less than 15000 miles on them and paid with cash.

Sheepdog

Retired now for 20 years where all expense needs come from investments and SS only, so I need to withdraw over the year. Taxes, as someone already mentioned, is part of the equation, so is the health of the stock markets (can you remember 2008-09?). Actually, it has not been really difficult to make...

Sheepdog

That was how I celebrated the day I retired. I am still celebrating although the factory has since closed. Thank God, I wasn't there when it happened. About 6 months after I retired, the company announced the closure of the manufacturing process I formerly managed. A few months later, they asked if...

Sheepdog

The last year I bought and held GE was at a time I considered that the company was basically a mutual fund since it owned so many businesses . I owned it before 1996. Looking back in my records since 1998 it was 73 3/8 on 1/1/98 and 102.00 on 1/1/99 and 154.00 on 1/1/00 and then there was a 3 for 1 ...

Sheepdog

Old Guy wrote: ↑
Thu Aug 16, 2018 1:37 pm
The next day we went to Aruba for two weeks.

That looks GREAT.
Old Guy (2)

Sheepdog

I'm surprised Mr. Wood's company didn't throw him a big party and present him a big old gold watch. TravelforFun Actually they did have a big party (50 or more people with officers from the Philly headquarters) a week or more earlier, and a nice gift ( A brass global clock which I am looking at now...

Sheepdog

Faith20879 wrote: ↑
Thu Aug 16, 2018 9:44 am
Classic! Sheepdog brings us some of the best stories on this board, always.

Thanks for the very kind words. God Bless.
Jim

Sheepdog

On that day at 7 am, 10/2/1998, I went to work as normal, went to the production office, looked at the day's manufacturing schedule, talked with the person taking over for me about that day's work, listened to my fellow employees all asking "What are you doing here? It's over...its over." I just had...

Sheepdog

Sheepdog, if your balanced funds were at a provider such as Vanguard, you could have exchanged part of the balanced fund proportionately into an equity fund and a bond fund, and then sold the bond fund to satisfy your RMD. You would have sold bonds to satisfy the RMD, not depressed equities. It wou...

Sheepdog

Perhaps I just don't understand what you're saying. My perception was that due to distributions (regardless of the reason) you had to sell stocks at depressed prices. But it really seems that the reason is because you use balanced funds of some sort and you want to keep doing that, so you always se...

Sheepdog

Last comment. I have no rebalancing to make as I used 'then and use now only balanced funds. Balanced funds do the rebalancing for me. I highly recommend them. The end.... As I said, that's a choice you made. They don't do the rebalancing when you need to avoid selling stocks at a bad time. Okay, t...

Sheepdog

Ok, but again, it wasn't the RMDs forcing you do anything. You needed money to live on. And since you had both stocks and bonds you should have rebalanced after withdrawals. Using target funds is a choice not a mandate. Last comment. I have no rebalancing to make as I used 'then and use now only ba...

Sheepdog

No, you were forced to sell low because you needed money for expenses not because of the RMD. Otherwise you could have sold in the IRA and bought the same fund in taxable with little net difference. I checked that thread, and it was mostly you about to capitulate due to the market crash. I don't ev...

Sheepdog

I will just say that it is the rare case, indeed, that somebody is forced to "sell low" in an IRA for RMD reasons. In 2008, I was forced to sell low for RMD (which was used for expenses), to my chagrin. It was very unpleasant. You can look at my very long thread from back then https://www.boglehead...

Sheepdog

jimmieg wrote: ↑
Sun Aug 12, 2018 12:46 pm
Now that I am in the RMD phase, is there any advantage to simply stopping reinvestments to accumulate cash for withdrawal vs selling a position at one time for withdrawal?

To make it simpler, I do not reinvest in my tIRAs and take the RMDs and or QCDs from that.

Sheepdog

I did precisely this with my Dad (now in his mid-80's). Sent him a link to a document called the "family love letter". I believe it was this one: http://www.cornerstoneplanning.com/docs/09Web-Love-Letter-to-My-Family.pdf I really do like that "family love letter" Thank you for posting it. That woul...

Sheepdog

Never got a tip for my lawn service (I have never hired anyone to do it so no tip.).....well, maybe I get a cold lemonade or a beer or a Manhattan occasionally on those 90 and 100 degree days, like last week. I have seldom seen the trash pickups so I have never tipped them nor have I ever seen anyon...

Sheepdog

dm200 wrote: ↑
Sat Aug 11, 2018 11:01 am

OK - interesting to know. I was in the "hold harmless" category - but am already back in the $134.

Yes, I am in the $134 category now, but my wife is still lower, as she was never a higher earner.

Sheepdog

You could go about this in a different way, so as not to seem if you are prying. What if you told your parents about YOU. You wouldn't have to tell them about your finances (how much you make....how much you have saved of things like that)....but you could tell him your plans if you and your wife we...

Sheepdog

Have you considered what the tax rate will be for 2018's return with the tax changes?

Sheepdog

Yes....many places such as some charities, wife's hair dresser (that alone is 52 per year), my barbers. garbage collector, property tax, dog groomer, etc, do not take credit cards. We are not about to carry cash. We wrote 77 last year and 48 so far in 2018.

Sheepdog

Call Ford and you will get a rental on them. I have been driving a 2018 Fusion AWD Titanium EcoBoost for 4 months now at their expense. The only thing you have to do is put gas in it. Enterprise pays for the oil changes and charges Ford $900 per month. We have been having a ball. I have decided aft...

Sheepdog

Age in bonds wasn't bad for me after retiring.. Because I was risk averse (I was a child of the Great Depression I guess was the reason.) I invested little in the stock market until I was in my early 50s, and even then it wasn't a high percentage. I had had only CDs until then. At 65 and when retire...

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