Search found 714 matches

by KlingKlang
Sun Dec 09, 2018 11:11 am
Forum: Investing - Help with Personal Investments
Topic: SPIA or CD Ladder
Replies: 15
Views: 1110

Re: SPIA or CD Ladder

The first question that occurs to me is why a ten year SPIA? What happens after ten years that you don't need the income any more? Why not a lifetime SPIA? You do realize that out of the $120,000 that you will receive over ten years $100,000 is your original principal being returned to you? Taking $...
by KlingKlang
Sat Dec 08, 2018 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Very Confused - Group 401K Profit Sharing Plan
Replies: 12
Views: 591

Re: Very Confused - Group 401K Profit Sharing Plan

Welcome to the forum! So this 401(k) plan is basically a black box where you deposit your money and it disappears to be completely managed by the owner? With no matching or profit sharing this does not sound like a very attractive plan. While I understand your desire to maximize your 401(k) contribu...
by KlingKlang
Mon Nov 19, 2018 4:36 pm
Forum: Investing - Theory, News & General
Topic: How This All Happened (to the US economy)
Replies: 44
Views: 7370

Re: How This All Happened (to the US economy)

Just read this -- thanks so much for sharing it. I especially like the tiny sliver of hope at the end. It's funny -- seems like the economic cost experienced during the Great Recession and immediate post-WWII were similar in some ways. Maybe it's progress that we went through the pains a decade ago...
by KlingKlang
Sun Nov 18, 2018 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: New job concerns
Replies: 52
Views: 5464

Re: New job concerns

To be honest, it sounds ridiculous to me that you’ve been there for almost a month and still haven’t gotten a laptop. How many companies even have desktops any more?? On Monday tell your boss that you need your laptop this week and you’re ready to give 110% once you get it. One thing that made an e...
by KlingKlang
Fri Nov 16, 2018 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: dental insurance - weighing extra premium vs extra benefit
Replies: 5
Views: 625

Re: dental insurance - weighing extra premium vs extra benefit

For any type of insurance with low maximum benefits the first thing to consider is whether the maximum out of pocket costs would be a financial burden to you. Since the insurance companies are making a profit on them, on average you (and your employer) will be charged more for the insurance than it ...
by KlingKlang
Wed Nov 14, 2018 3:35 pm
Forum: Investing - Theory, News & General
Topic: Does Early Retirement Make You Live Longer?
Replies: 70
Views: 4469

Re: Does Early Retirement Make You Live Longer?

Could look at identical twins where one retired significantly earlier than the other. Might be difficult to get a large enough sample size.
by KlingKlang
Thu Nov 08, 2018 12:19 pm
Forum: Personal Consumer Issues
Topic: Favorite "free stuff"?
Replies: 137
Views: 10878

Re: Favorite "free stuff"?

Free samples at Costco, Giant Eagle, Trader Joe's, and Whole Foods.
Once a year our Chamber of Commerce hosts an expo at our community center where they pass out tons of food samples and free stuff coupons.
Free beer, liquor, and wine samples are not allowed in Ohio. :(
by KlingKlang
Thu Nov 08, 2018 10:53 am
Forum: Investing - Theory, News & General
Topic: Vanguard closure last week
Replies: 21
Views: 4734

Re: Vanguard closure last week

I thought that it was to perform a major update to the website. I did go there on Saturday and the initial page had been changed to something that looked radically different. I suspect that it didn't work and they backed the whole upgrade out.
by KlingKlang
Thu Nov 08, 2018 10:42 am
Forum: Investing - Help with Personal Investments
Topic: Nervous Investor desiring dividend income
Replies: 7
Views: 736

Re: Nervous Investor desiring dividend income

Just in case you decide to ignore all the good advice that you received above, one of the best resources for selecting individual dividend paying stocks is the US Dividend Champions spreadsheet at:
http://www.dripinvesting.org/Tools/Tools.asp
by KlingKlang
Wed Nov 07, 2018 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: If expenses are low, are some of us over saving?
Replies: 120
Views: 11936

Re: If expenses are low, are some of us over saving?

If that’s the case, then “retirement savings” is not really needed and the strategy prior to retirement would be to 1. Stay employed, 2. Throw all extra at debt and mortgage rather than into savings 3. Spend the rest 1. Stay employed - Job loss, disability, need to care for spouse, children, or par...
by KlingKlang
Sat Nov 03, 2018 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Group life insurance through work
Replies: 20
Views: 1580

Re: Group life insurance through work

It only takes a few minutes to go online and get some quotes to compare with what you would pay for additional employer-based life insurance. In general if you are younger and healthy you can get a better rate on your own, whereas if you are older and have health conditions employer-based life insur...
by KlingKlang
Sat Nov 03, 2018 12:06 pm
Forum: Investing - Help with Personal Investments
Topic: When to redeem EE savings bond?
Replies: 7
Views: 879

Re: When to redeem EE savings bond?

The oldest of my bonds has a final maturity date of December 2018 and is earning 4.00% interest. The purchase date on the bond is 6 January 1989. I have paid no taxes on the interest accruing. Some Savings Bonds purchased through the workplace have a purchase date that differs from the issue date. ...
by KlingKlang
Sat Nov 03, 2018 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Shouldn’t I Diversify My Income Sources?
Replies: 9
Views: 949

Re: Shouldn’t I Diversify My Income Sources?

Having rental property is not necessary, but if you want extra income, it is a viable approach. Just keep in mind that it is not just a source of income, it is another job. You'll need to find out if the hourly wage matches what you could get from a different sort of job. And hopefully the hourly w...
by KlingKlang
Sat Nov 03, 2018 10:07 am
Forum: Personal Consumer Issues
Topic: Indoor Play toys for toddler
Replies: 31
Views: 1820

Re: Indoor Play toys for toddler

@sycotik :- I have a query regarding books. Baby used to love books when she was very young. Now she mostly wants to play instead of reading book in my lap. Now her bed time routine is listening to her favorite songs over wireless speaker instead of reading books. Any suggestions how to make book r...
by KlingKlang
Fri Nov 02, 2018 2:39 pm
Forum: Investing - Help with Personal Investments
Topic: Is it a waste keeping money in a money market account?
Replies: 33
Views: 7095

Re: Is it a waste keeping money in a money market maccount?

Money that you need in less than ten years should not be in the stock market. Short term bonds are currently yielding little more than cash and their market value may decline. CDs and iBonds are an option to earn a little more but you give up liquidity. For funds that have to be liquid and that you ...
by KlingKlang
Wed Oct 31, 2018 4:28 pm
Forum: Investing - Help with Personal Investments
Topic: Need help with investing $100K for elderly mother's care over next 2 years
Replies: 2
Views: 390

Re: Need help with investing $100K for elderly mother's care over next 2 years

You can get an FDIC insured savings account yielding 2.15% and a 1 year CD yielding 2.6%.

Check out https://www.purepoint.com/
by KlingKlang
Sun Oct 28, 2018 10:35 am
Forum: Personal Finance (Not Investing)
Topic: If On Medicare Before SS, How Do You Pay?
Replies: 40
Views: 3191

Re: If On Medicare Before SS, How Do You Pay?

DW just started for November. They bill you for three months at a time, with the next bill reflecting any rate increase imposed for January of next year. Choices are to mail a check or credit card info, use your bank's online bill pay, or set up direct withdrawal. We are using credit card payment to...
by KlingKlang
Thu Oct 25, 2018 9:25 am
Forum: Personal Consumer Issues
Topic: Indoor Play toys for toddler
Replies: 31
Views: 1820

Re: Indoor Play toys for toddler

We live in an area where the weather is bad about six months out of the year, so when my daughter was two we got her a Step 2 climber/slide for the family room to encourage some physical activity. She and her friends made good use of it up until she was nine or so. Throw a blanket over the top and i...
by KlingKlang
Wed Oct 24, 2018 8:53 am
Forum: Personal Consumer Issues
Topic: 911 calls from different area
Replies: 28
Views: 2506

Re: 911 calls from different area

I always have the local police and fire department telephone numbers for my home city and my mother's city in the contact list on my phone. That way if I get a panic call from one of them (they are both more likely to panic than take effective action) I can contact the local authorities directly no ...
by KlingKlang
Wed Oct 24, 2018 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Adjust Withdrawals For More Money in Your 60’s-70’s
Replies: 19
Views: 2100

Re: Adjust Withdrawals For More Money in Your 60’s-70’s

Any thoughts or ideas once you are in retirement on how to adjust your withdrawals for more money in your 60’s-70’s, which are usually your more active go-go years when you mostly likely will spend more money for travel and fun stuff. I’ve been looking at the VPW method because we have no heirs and...
by KlingKlang
Thu Oct 18, 2018 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: Kids & Money
Replies: 5
Views: 914

Re: Kids & Money

The most important thing to keep in mind is that 99% of what your children will learn about money (and most other things) is from observing the way that you treat it and not from what you say to them about it. My wife and I always treated money with the utmost respect. I remember when my daughter wa...
by KlingKlang
Thu Oct 18, 2018 5:42 pm
Forum: Investing - Help with Personal Investments
Topic: US Large Value or Int'l Small for the long term
Replies: 8
Views: 686

Re: US Large Value or Int'l Small for the long term

I'm curious how you arrived at those two choices.

My crystal ball is cracked so I have no idea which will do better over the next 20 - 30 years. I would expect International Small to be the more volatile choice.
by KlingKlang
Thu Oct 18, 2018 5:24 pm
Forum: Investing - Theory, News & General
Topic: Forever Stamps as an Investment?
Replies: 32
Views: 3751

Re: Forever Stamps as an Investment?

sport wrote:
Thu Oct 18, 2018 4:10 pm
If the OP really wants to do this, Costco sells forever stamps at a small discount.
You have to buy them in packets of 100. Plus you get a 2% rebate on your Costco Citi VISA card (in the form of a annual rebate check usable at Costco).
by KlingKlang
Sun Oct 14, 2018 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Need guidance on charting next life steps
Replies: 27
Views: 2163

Re: Need guidance on charting next life steps

kurious wrote:
Sun Oct 14, 2018 2:14 am
If I don't get a work permit next year, I will need to leave the country in July.
Please leave the country.

Of all of the scores of 401(k) workers that I have tried to mentor over the years the only positive outcome was from a person who is now voluntarily working from back in India.
by KlingKlang
Sun Oct 14, 2018 6:56 pm
Forum: Personal Consumer Issues
Topic: Failing Updates With Windows 7 Professional
Replies: 16
Views: 802

Re: Failing Updates With Windows 7 Professional

TheAccountant wrote:
Sun Oct 14, 2018 6:46 pm
Never understood why people are so afraid to update their software.
You lose the ability to run useful applications that you have paid for.
by KlingKlang
Thu Oct 04, 2018 2:50 pm
Forum: Personal Consumer Issues
Topic: Signing up for medicare
Replies: 20
Views: 1191

Re: Signing up for medicare

Wife turns 65 in one month. Signup for Medicare A and Medicare B online went smoothly. Also signed up for a Humana Medicare Advantage plan with no problems. Trying to schedule the switchover from ACA to Medicare is about as painful as I expected it to be, the nice folks at Healthcare.gov have alread...
by KlingKlang
Mon Oct 01, 2018 4:50 pm
Forum: Personal Consumer Issues
Topic: New Apartment, city noise
Replies: 43
Views: 3361

Re: New Apartment, city noise

Noise cancelling headphones or earbuds might be worth a try.
by KlingKlang
Sat Sep 29, 2018 10:17 am
Forum: Investing - Help with Personal Investments
Topic: Rolling over 401k without being "out of the market"?
Replies: 6
Views: 427

Re: Rolling over 401k without being "out of the market"?

Many companies will not allow you to keep 401(k) plans with less than $5000 in them after you leave, so double check the $6k half vested plan. Typically plans do not continue to vest after you stop being employed with that company. Unless the old plans have outstanding investment options not availab...
by KlingKlang
Fri Sep 28, 2018 9:47 am
Forum: Personal Finance (Not Investing)
Topic: New Relationship - Best way to handle finances?
Replies: 92
Views: 6951

Re: New Relationship - Best way to handle finances?

What's in it for you, OP? Sex? :shock: Seriously, for a man who has been out of circulation for years and was never a Don Juan to begin with this can be a big deal. There are no lack of women out there who make it very clear that if they will be staying the night the guy will be picking up all the ...
by KlingKlang
Fri Sep 28, 2018 9:29 am
Forum: Investing - Help with Personal Investments
Topic: Need some advice getting started at 34yo (updated 10/21/2018)
Replies: 20
Views: 3197

Re: Need some advice getting started at 34yo

Just one detail that I noticed: Existing 401K from prior employers are as follows: #1: $47,000 #2: $9,500 #3: $2,000 Regarding 401(k) #3, many companies will not allow former employees to keep a 401(k) with a balance under $5000. Unless these old plans have some incredible investment options not ava...
by KlingKlang
Thu Sep 27, 2018 10:15 am
Forum: Investing - Help with Personal Investments
Topic: investment advice
Replies: 6
Views: 605

Re: investment advice

dickeyriverbed wrote:
Wed Sep 26, 2018 9:03 pm
fund my ROTH IRA ($5500 yearly).
retiredjg alluded to it, but I wanted to explicitly state that in order to contribute $5500 a year to an IRA you and/or your spouse must have that much in earned income - money from a paycheck.
by KlingKlang
Thu Sep 27, 2018 9:36 am
Forum: Investing - Theory, News & General
Topic: Is high inflation a good thing while working?
Replies: 40
Views: 2753

Re: Is high inflation a good thing while working?

In reality I’d wager wage growth lags. Absolutely. Our engineers' union was screaming about this in the early 1980s because inflation was close to double digit but the contract limited cost of living raises to 6%. Salary caps increased at the same 6% so that senior engineers at the top of their pay...
by KlingKlang
Wed Sep 26, 2018 10:36 am
Forum: Investing - Theory, News & General
Topic: Social Security and Asset Allocation
Replies: 50
Views: 5046

Re: Social Security and Asset Allocation

Rather than trying to turn your Social Security Benefit into part of your bond allocation, I think that it is more useful to consider that the income you receive from SS will reduce the cash flow that your financial assets need to generate. After that you can determine the best asset allocation for ...
by KlingKlang
Sun Sep 23, 2018 10:12 am
Forum: Personal Consumer Issues
Topic: Minimalist Lifestyle
Replies: 92
Views: 11765

Re: Minimalist Lifestyle

I've lived out of a suitcase for up to three months at a time when working overseas, but in those cases the hotels were providing laundry service, bedding, towels, soap. shampoo, and a coffee pot while company cafeterias and restaurants took care of the food preparation. To be truly minimalist I thi...
by KlingKlang
Wed Sep 19, 2018 10:03 am
Forum: Investing - Theory, News & General
Topic: "7 Retirement-Portfolio Withdrawal Mistakes to Avoid"
Replies: 13
Views: 2228

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

All reasonable points, but perhaps too much emphasis on calculations and not enough on monitoring actual results. Sort of like asking how medieval architects could build those high cathedral walls without computers to do the finite element analysis. The answer is to hang a plumb line from the top an...
by KlingKlang
Mon Sep 17, 2018 9:19 am
Forum: Investing - Theory, News & General
Topic: Unchanging opinions
Replies: 25
Views: 2318

Re: UNCHANGING OPINIONS

It is difficult to evaluate the results of this 'study' without any details on what type of information was being presented. For example, if last night's weather report said that it would start raining at 3:00 pm today and this morning's changed that to 11:00 am I would certainly incorporate the new...
by KlingKlang
Sat Sep 15, 2018 5:02 pm
Forum: Investing - Help with Personal Investments
Topic: Staying with the old platform Mutual Funds
Replies: 12
Views: 1270

Re: Staying with the old platform Mutual Funds

As a fellow flagship investor all of my messages to my flagship representative stating 'I wish to perform _______ actions and still remain on the old platform' have been responded to positively without a request for extra fees. In my opinion if Vanguard decides that it is becoming too expensive to m...
by KlingKlang
Mon Sep 10, 2018 3:38 pm
Forum: Investing - Help with Personal Investments
Topic: Between these two index funds - which one is best?
Replies: 9
Views: 1334

Re: Between these two index funds - which one is best?

Both of these are excellent funds. Vanguard Institutional 500 Index Trust holds only large cap US stocks. Vanguard Institutional Total Stock Market Index Trust holds large, mid, and small cap US stocks. Over any particular period of time one will do slightly better than the other but long term their...
by KlingKlang
Mon Sep 10, 2018 6:59 am
Forum: Investing - Theory, News & General
Topic: Why Bull Markets Are Dangerous
Replies: 152
Views: 21427

Re: Why Bull Markets Are Dangerous

That kind of everyday euphoria was pretty apparent in bitcoin last year. Still have not seen it in stocks just yet. I felt the market euphoria in January this year and everyone was saying that there was no euphoria. I did not do anything as I was vacationing in Mexico. For me the January 2 - 26 run...
by KlingKlang
Sun Sep 09, 2018 6:58 pm
Forum: Investing - Theory, News & General
Topic: Why Bull Markets Are Dangerous
Replies: 152
Views: 21427

Re: Why Bull Markets Are Dangerous

That kind of everyday euphoria was pretty apparent in bitcoin last year. Still have not seen it in stocks just yet. I felt the market euphoria in January this year and everyone was saying that there was no euphoria. I did not do anything as I was vacationing in Mexico. For me the January 2 - 26 run...
by KlingKlang
Sat Sep 08, 2018 9:53 am
Forum: Investing - Help with Personal Investments
Topic: Helping my dad with his IRA
Replies: 16
Views: 1289

Re: Helping my dad with his IRA

Hi My dad who is 71yrs old has $159,000 in IRA CD in a local bank. It earns 1.8%. I'm wondering if there is a better option out there for him. He wants to make sure he preserves the money but it would be nice if it could earn more than 1.8%. Does anyone have any ideas? See what the rules are for te...
by KlingKlang
Wed Sep 05, 2018 4:23 pm
Forum: Investing - Help with Personal Investments
Topic: Purchasing annuity for wife
Replies: 21
Views: 2297

Re: Purchasing annuity for wife

Another option might be a life insurance policy on you that converts into an annuity for her if you die before her. In any case there still needs to be a plan in place to handle the remainder of your after tax and retirement assets. I don't know if you can contract with a financial advisor to step i...
by KlingKlang
Fri Aug 31, 2018 5:45 pm
Forum: Investing - Help with Personal Investments
Topic: Evaluate Vanguard's Proposed Plan for my portfolio
Replies: 22
Views: 2266

Re: Evaluate Vanguard's Proposed Plan for my portfolio

Facts: Single, 35, mortgage ~250k, no other debts, annual income ~170k, savings ~60k, max contribution to 401k Current Allocation : 98% Stocks, 2% Bonds Proposed Allocation : 90% Stocks, 10% Bonds Fund Current Proposed Plan Vanguard 500 Index Fund Admiral Shares $213,169 $96,488 Vanguard Tax-Manage...
by KlingKlang
Fri Aug 24, 2018 6:16 pm
Forum: Personal Consumer Issues
Topic: Is it worth chasing down this $10 fee?
Replies: 38
Views: 3162

Re: Is it worth chasing down this $10 fee?

Chalk it up as a learning experience and don't use the newish online payment method anymore. If it makes you feel better post on social media that this newish online payment method is a rip off.
by KlingKlang
Wed Aug 15, 2018 9:44 am
Forum: Personal Finance (Not Investing)
Topic: In Retirement [How should finances be handled?]
Replies: 2
Views: 524

Re: In Retirement [How should finances be handled?]

The way we have been doing it is withdrawing from each of our individual TIRA accounts proportionally using the account balances. If you want to be "fair" your method is fine. Assuming that neither of you is required to make Required Minimum Distributions (RMDs) you may want to withdraw more from t...
by KlingKlang
Sat Aug 11, 2018 6:53 pm
Forum: Investing - Help with Personal Investments
Topic: “Safe” investment approaching retirement
Replies: 17
Views: 1889

Re: “Safe” investment approaching retirement

I did have a substantial portion of my retirement funds in Vanguard Short-Term Investment-Grade Fund (VFSUX) during the crash, and I bailed in October 2008 because I hadn't anticipated losing that much money in a short term bond fund. It recovered quickly after that of course. You have to evaluate y...
by KlingKlang
Sat Aug 11, 2018 3:49 pm
Forum: Investing - Theory, News & General
Topic: New CD Rates
Replies: 23
Views: 4824

Re: New CD Rates

My mother, who is one of those with a big chunk of the portfolio in treasuries paying 7.5%, Where can I get some treasuries paying 7.5%? Hop in your DeLorean and go back to November 1994. Better would be February 1995 when you could get 7.625%. As far as current CDs 2.60% 12 month at PurePoint soun...
by KlingKlang
Thu Aug 09, 2018 8:38 am
Forum: Investing - Help with Personal Investments
Topic: Total Stock and Total Bond Market(s) at Vanguard
Replies: 29
Views: 4834

Re: Total Stock and Total Bond Market(s) at Vanguard

Total Stock Market and Total Bond Market at Vanguard do not cover all equities and bond holdings but they do cover a large, representative sample of them. Some investments, such as US Treasury Inflation Protected Securities, are absent. There are various views on whether overweighting in certain cat...
by KlingKlang
Wed Aug 01, 2018 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: DW job in dangerous area
Replies: 90
Views: 7258

Re: DW job in dangerous area

ddurrett896 wrote:
Wed Aug 01, 2018 4:03 pm
But a gun, learn how to shoot, carry the gun.
I'm an NRA Life Member but I don't have a concealed carry permit for my state. Without the correct mental attitude having a handgun available may be worse than useless. Also you cannot concealed carry in prohibited areas like schools.