Search found 337 matches

by Sagenick48
Fri Feb 17, 2017 4:04 pm
Forum: Investing - Help with Personal Investments
Topic: Two Comma Club
Replies: 199
Views: 35915

Re: Two Comma Club

The two digit and two comma club, that means something. And I'm not there yet.
by Sagenick48
Thu Dec 01, 2016 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Math help, statistical probability of accounts receivable.
Replies: 3
Views: 873

Re: Math help, statistical probability of accounts receivable.

Is the deal you are being offered the same one that each of the existing partners got when they came into the practice?

If so, then the easy answer is that you take it. It is part of the price of buying in and getting the intangible goodwill.
by Sagenick48
Thu Dec 01, 2016 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: QLAC - Determining long term benefit, pros & cons, tax consequences
Replies: 13
Views: 2263

Re: QLAC - Determining long term benefit, pros & cons, tax consequences

I agree with Broken Man, Stan the Annuity Man is a good source for basic information. He will also provide a range of quotes so that you can gauge whether you are getting an annuity at a reasonable cost.
by Sagenick48
Tue Nov 15, 2016 3:24 pm
Forum: Investing - Theory, News & General
Topic: Is USAA, TIAA-CREF, and Dodge and Cox also non-profit???
Replies: 6
Views: 1855

Re: Is USAA, TIAA-CREF, and Dodge and Cox also non-profit???

For USAA there is a "legal" answer and a practical answer. The legal answer is that it is not S. non-profit. The practical answer is that, for the officer members, it is a pass through entity which in most years passes through its "profits" and in some years has no profits to pass through. Been there.
by Sagenick48
Tue Nov 15, 2016 3:07 pm
Forum: Investing - Help with Personal Investments
Topic: Age 92 Dad Wants to Boost stocks
Replies: 52
Views: 7014

Re: Age 92 Dad Wants to Boost stocks

A 92 year old who understands the concept of asset allocation and knows his present allocation has probably placed himself in the top 5% of the entire US population.
by Sagenick48
Tue Nov 15, 2016 2:53 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds+CD's in retirement
Replies: 5
Views: 1250

Re: Bonds+CD's in retirement

I prefer a CD ladder for two reasons. There is no principal risk, assuming you keep under the FDIC limits, and, since, in my personal, albeit limited, experience, my periodic statements showed no change in face amount, thereby keeping my numbers mostly the same and thereby keeping me from doing anyt...
by Sagenick48
Sun Nov 13, 2016 7:46 am
Forum: Investing - Theory, News & General
Topic: Portfolio = over 98% of Net Worth (too much invested?)
Replies: 20
Views: 3916

Re: Portfolio = over 98% of Net Worth (too much invested?)

Buying an income annuity, as opposed to a variable annuity which probably no one who posts on this website would suggest, is a bond substitute. If it is a single premium income annuity, it is an insurance product, if it is a deferred income annuity, then it is a bond or CD substitute. Let me give yo...
by Sagenick48
Fri Nov 11, 2016 6:45 am
Forum: Investing - Theory, News & General
Topic: EE Bonds - stay with paper, or convert to digital
Replies: 4
Views: 914

Re: EE Bonds - stay with paper, or convert to digital

I lean towards digital and went to digital about 8 years ago. The Treasury Direct site is not the most user friendly but it works. Your concern about paper being more convenient is legitimate. I was involved in an estate which had a Treasury Direct account and the Personal Representative had a hassl...
by Sagenick48
Tue Nov 08, 2016 4:35 pm
Forum: Investing - Theory, News & General
Topic: Retirees: Where are you going for income?
Replies: 102
Views: 18972

Re: Retirees: Where are you going for income?

Multi unit Rentals and MLPs
by Sagenick48
Sat Nov 05, 2016 4:45 pm
Forum: Investing - Theory, News & General
Topic: pre vs. post tax in calculating overall asset allocation (not fund placement)
Replies: 12
Views: 1494

Re: pre vs. post tax in calculating overall asset allocation (not fund placement)

I disagree. For asset allocation purposes, you are looking at asset classes and rates of return. So until you reach the spend down phase you don't need to do a calculation. Once you get a spend down phase, then you need to potentially spend down more of the tax deferred assets to pay taxes associate...
by Sagenick48
Sat Nov 05, 2016 4:07 pm
Forum: Investing - Help with Personal Investments
Topic: Need advice for my mother with TWO financial advisors
Replies: 22
Views: 3119

Re: Need advice for my mother with TWO financial advisor,

In my experience, the biggest risk for the 65 plus or minus, widow or widower, is the 55 year old "special friend." Espically for folks without friends who get lonely. Losing $15,000 a year in fees is nothing like spending $50,000 or $100,000 a year on the special friend's wants, needs, family, etc,...
by Sagenick48
Thu Nov 03, 2016 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Homeowner in default passes - who pays?
Replies: 20
Views: 3101

Re: Homeowner in default passes - who pays?

Carefreeap stated "I doubt there's a state in the entire union that doesn't have a recourse feature for a cash-out refi which exceeds the purchase debt." As I stated, how a mortgage was foreclosed determined if any deficiency judgement would be permitted. No deficiency judgment, no recourse. A mortg...
by Sagenick48
Wed Nov 02, 2016 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Homeowner in default passes - who pays?
Replies: 20
Views: 3101

Re: Homeowner in default passes - who pays?

What nisiprius said is right on. It is a matter of state real estate law first. In my former home state, how a mortgage was foreclosed determined if there could be a deficiency claim or not, regardless of whether it was recourse or not. Once you get by the real estate law question you get to the est...
by Sagenick48
Fri Oct 28, 2016 6:47 am
Forum: Personal Finance (Not Investing)
Topic: Probate Frustrations: Father's Penny Stock
Replies: 14
Views: 2397

Re: Probate Frustrations: Father's Penny Stock

I will skip the question of fees, since they are, as bsteiner observed, a matter of local law. What I want to point out is the valuation issue. In my experience an estate starts,with date of death values. Most folks, even if the estate is not a taxable estate for federal or state estate or inheritan...
by Sagenick48
Wed Oct 26, 2016 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Will the market go up or down after the election?
Replies: 24
Views: 3346

Re: Will the market go up or down after the election?

I attended a presentation today, and the presenter's observation was that unless the election is an unexpected result, e.g., the election result in the UK over Brexit, that the market will continue on its present course.
by Sagenick48
Tue Oct 25, 2016 9:53 am
Forum: Personal Finance (Not Investing)
Topic: [TurboTax 2016--Schd D not included in online version (desktop only)]
Replies: 24
Views: 2562

Re: TurboTax 2016--Schd D repeat

Have any of you had experience with the conversion process between TaxAct and TT? In particular how does it handle stuff like carry over items from K-1s.
by Sagenick48
Fri Oct 21, 2016 5:06 am
Forum: Personal Finance (Not Investing)
Topic: RMDs, Deductible IRAs & Taxes
Replies: 4
Views: 694

Re: RMDs, Deductible IRAs & Taxes

This is a quick question, and maybe you folks can give a quick answer. Does it make any difference if you have both a traditional IRA to which you made non deductible contributions and a rollover IRA? I understand that for RMD purposes they all need to be counted, but once you determine the required...
by Sagenick48
Thu Oct 20, 2016 7:23 am
Forum: Personal Finance (Not Investing)
Topic: Tax Deductions On My Father's Estate?
Replies: 22
Views: 3491

Re: Tax Deductions On My Father's Estate?

Just as a word of caution, and by the way Gill gave you some excellent advice here, every state and every estate is different. So in some states the process can be longer, more complicated and more expensive, and in others simpler and cheaper. So estates can be complicated, while taking a year to ge...
by Sagenick48
Thu Oct 20, 2016 7:11 am
Forum: Investing - Help with Personal Investments
Topic: private equity investment
Replies: 2
Views: 569

Re: private equity investment

I have always done my private ("venture capital") investments out of personal funds. You didn't tell us whether it will be an S corp or a C corp, and that may affect some of your options. By making it debt rather than equity you can get into some tricky tax issues. The IRS has just issued some new f...
by Sagenick48
Wed Oct 19, 2016 5:25 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA traditional: annuity vs. RMD
Replies: 7
Views: 1404

Re: TIAA traditional: annuity vs. RMD

I have been considering this as well. Here is my simple way of looking at it. If you get an annunity, depending on the options you chose, you will get a fixed amount periodically for the rest of your life. If instead you take the same amount of money and take the RMD you will not be guaranteed a lif...
by Sagenick48
Wed Oct 19, 2016 6:54 am
Forum: Investing - Help with Personal Investments
Topic: marcellus mineral rights
Replies: 15
Views: 1757

Re: marcellus mineral rights

As an executor/personal representative of an estate with mineral rights area (iron ore as well as oil and gas) the eatate's attorney was not a source for valuation information. There are all kinds of independent consulting companies that will give you a valuation. Given the small value of the oil an...
by Sagenick48
Sat Oct 08, 2016 6:21 am
Forum: Personal Consumer Issues
Topic: Join AARP
Replies: 56
Views: 5172

Re: Join AARP

I dropped AARP for the same reasons stated above, too political and same discounts available without it. I get updated "senior" news through "Next Avenue" which is through NPR, not sure how or when I signed up for that, just one more of those things that pop up in my email, but I find that to be som...
by Sagenick48
Sat Oct 08, 2016 6:12 am
Forum: Personal Consumer Issues
Topic: best fitness tracker?
Replies: 34
Views: 3872

Re: best fitness tracker?

I have had a Charge 2 for about 5 months. It is the first watch that I have "worn" for about 30 years. As all modern electronics you have to download and read the manual to figure out all the features. It encourages me to "get my steps in." While I can't compare to Apple Watch, since I don't have on...
by Sagenick48
Wed Sep 28, 2016 11:37 am
Forum: Investing - Theory, News & General
Topic: Christine's article today on RMD's...a question to bogleheads
Replies: 37
Views: 4355

Re: Christine's article today on RMD's...a question to bogleheads

Birdsong, I fully understand that you can't make a qualified charitable distribution to a Donor advised fund. However, you can make a qualified charitable distribution from an IRA to a charity. So if you give $5000 annually to your church and $5000 to your alma mater, instead of making that contribu...
by Sagenick48
Wed Sep 28, 2016 7:46 am
Forum: Investing - Theory, News & General
Topic: Christine's article today on RMD's...a question to bogleheads
Replies: 37
Views: 4355

Re: Christine's article today on RMD's...a question to bogleheads

Birdsong, I have been thinking about the same things you are, being in a similar, but not identical position. The following is what I think is how this works although when I called the experts at Fidelity they could not give me answers. 1. As to the QLAC, what that does is effectively is reduce the ...
by Sagenick48
Mon Jul 04, 2016 6:07 pm
Forum: Personal Consumer Issues
Topic: Encyclopedia, World Book, Complete Set, 1960 Ed.
Replies: 43
Views: 5833

Re: Encyclopedia, World Book, Complete Set, 1960 Ed.

I have a 1940 set of the Britannica at my cabin which I have been skimming volume by volume for the past 4 years. About a month ago I was reading in the "G" volume about guerrila warfare. The article was interesting but it was discussing in detail the 1917 campaign in Arabia. At the end of the artic...
by Sagenick48
Thu Jun 02, 2016 12:09 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2016!
Replies: 266
Views: 47469

Re: Roll Call for the Retirement Class of 2016!

I haven't posted for a long time, [OT comment removed by moderator prudent] Effective 6/30/2016 I will tell my state Supreme Court that I am offically on retired status. Today one of my long time clients told me "You have Short Timers Disease". Loved my job, loved helping people, time to move on. Ho...
by Sagenick48
Mon Mar 30, 2015 6:36 pm
Forum: Personal Consumer Issues
Topic: Sued and won for drycleaner losing suit, suit now found.
Replies: 86
Views: 11593

Re: Sued and won for drycleaner losing suit, suit now found.

Tomato, tamatao, as I said before what is the right thing to do? From the posts of yours I have seen, I respect you. But from what I have seen in the 40 plus years of dealing with folks around the country, your neighbors, as a group, are not the folks I want to deal with. Fool me once, shame on you,...
by Sagenick48
Mon Mar 30, 2015 5:02 pm
Forum: Personal Consumer Issues
Topic: Sued and won for drycleaner losing suit, suit now found.
Replies: 86
Views: 11593

Re: Sued and won for drycleaner losing suit, suit now found.

What's the right thing to do? If the dry cleaner made an honest mistake, and can now fix it, you let them fix it, have your costs covered and let it be. It sounds to me like many of the folks here are from New York or New Jeraey (where the attitude is screw everyone) and not from the Midwest (where ...
by Sagenick48
Mon Mar 30, 2015 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: JOWPYN - The Joy of Working Past Your Number
Replies: 55
Views: 10130

Re: JOWPYN - The Joy of Working Past Your Number

People forget that we all spend our money in different ways, for what makes us feel good now! If you want to "spend" your money by buying an index fund and not having to worry about being impoverished in your senior years, then you are "spending" your current money in a way that gives you pleasure a...
by Sagenick48
Mon Mar 30, 2015 4:32 pm
Forum: Investing - Theory, News & General
Topic: Did you learn anything from 2008?
Replies: 105
Views: 13417

Re: Did you learn anything from 2008?

Yes, it got even worse in early 2009, the bottom as I recall, was in March/April of 2009 and it looked pretty bad again in 2011. I bought in in late 2008 and was regretting it in early 2009 but in the end it turned out ok. Took my losses in December of 2008, offsetting gains earlier in the year, so ...
by Sagenick48
Mon Mar 30, 2015 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: Whole Life Insurance 'Gift' from Parents
Replies: 60
Views: 7638

Re: Whole Life Insurance 'Gift' from Parents

I agree with deanbrew.

Diversification includes more than buying just index funds.

Keeping a whole life policy that has its front end load fully covered is a bond like investment.

20'years from now this may turn out to be the best investment OP made, only time will tell.
by Sagenick48
Mon Mar 30, 2015 2:38 pm
Forum: Investing - Theory, News & General
Topic: Best Way to Visualize Compounding
Replies: 40
Views: 5591

Re: Best Way to Visualize Compounding

When I was thinking of this I want on the Wiki, and looked at a numbeR of the blogs and podcasts memtioned. In the background of one of the pods was a tree, and so I clicked on it thinking, what a great analog to the power of compounding, a tree. That wasn't the story, only a background. Anyways, I ...
by Sagenick48
Mon Mar 30, 2015 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: JOWPYN - The Joy of Working Past Your Number
Replies: 55
Views: 10130

Re: JOWPYN - The Joy of Working Past Your Number

Great set of posts. I got to my number, had my spouse go,"weird," got divorced, and had to reach it again. There is a "caution" in there. [OT comments removed by admin LadyGeek] In general, when you reach the place where you go to work because you love your work, or just because you want to get out ...
by Sagenick48
Mon Mar 30, 2015 2:04 pm
Forum: Investing - Theory, News & General
Topic: How many of you invest in individual stocks?
Replies: 70
Views: 10940

Re: How many of you invest in individual stocks?

I find these posts kinda frustrating for two reasons. First, they ignore time. I started investing in individual stocks in 1974. That was before the first index fund existed. Second, and this is tied to the first, it ignores tax implications. For example, the second of those 1974 investments, a tota...
by Sagenick48
Sun Mar 08, 2015 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: How long did you stay in your starter home?
Replies: 87
Views: 12272

Re: How long did you stay in your starter home?

23 years, but then it had 5 bedrooms and there were only 3 of us.
by Sagenick48
Sat Mar 07, 2015 8:36 pm
Forum: Investing - Theory, News & General
Topic: New DOW Component
Replies: 40
Views: 4184

Re: New DOW Component

The market goes up, the market goes down, NOISE.
by Sagenick48
Sat Mar 07, 2015 8:34 pm
Forum: Investing - Theory, News & General
Topic: interest rate increase looming. what you gonna do ?
Replies: 65
Views: 8844

Re: interest rate increase looming. what you gonna do ?

Same with me, stay the course, at some point I will deploy cash to income producing, but no hurry. Let me explain what I am saying. If I am 10% fixed income, 20% cash and 70% equity, at an essentially 0% interest rate, adjusted for inflation, then at 2% interest rate, again adjusted, I would be look...
by Sagenick48
Sat Mar 07, 2015 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: How Many Credit Cards Do You Actually Use?
Replies: 67
Views: 24754

Re: How Many Credit Cards Do You Actually Use?

3, the USAA card I use regularly, the,Target card for 5m% off at aTarget and the Discover card just because I am too lazy to change the Netflix auto billings
by Sagenick48
Fri Mar 06, 2015 11:08 pm
Forum: Personal Finance (Not Investing)
Topic: Where's your Will?
Replies: 46
Views: 4425

Re: Where's your Will?

In my case, the original is at my law office in our firm's will file (I'm a lawyer who does estate planning as part of my practice), and a copy is at home and a copy was given to my son who is the "executor" or personal representative. My state also has the provision allowing for it to be filed in t...
by Sagenick48
Fri Mar 06, 2015 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: What percentage of your total net worth is your home?
Replies: 62
Views: 7166

Re: What percentage of your total net worth is your home?

Toto 238 I am not complaining about your poll, if I don't like the way you worded it, I don't have to answer the question. As long as I understand what you are getting at, what the question is, then I can answer it. So if you want to know what the current value that I put on my home in my personal f...
by Sagenick48
Fri Mar 06, 2015 9:55 pm
Forum: Local Chapters and Bogleheads Community
Topic: Boglehead degree status
Replies: 52
Views: 7971

Re: Boglehead degree status

1. This site has reminded me that humility is a virtue, while I know more about a few things than many people here, there are more things that I know less about than a lot of the people here. Therefore, keep your mouth shut and your mind open. 2. The one thing about this site that irks me is that th...
by Sagenick48
Thu Mar 05, 2015 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Kotlikoff: When Should you Take Social Security?
Replies: 258
Views: 42162

Re: Kotlikoff: When Should you Take Social Security?

Everyone is different. There is and can be no standard advice that is best for anyone.
by Sagenick48
Thu Mar 05, 2015 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone with experience adding insulation to an older home?
Replies: 15
Views: 1598

Re: Anyone with experience adding insulation to an older hom

I insulated a 70, now 100, plus years old house. Nothing in the walls and 4 inches in the roof when I started. The fiberglass in the roof was an add on. Used a combination poly beads in walls and Fiberglass in ceiling/crawl space/roof. Cut heating bills, fuel oil, more than in half.
by Sagenick48
Mon Mar 02, 2015 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: AAA card as prepaid credit card?
Replies: 8
Views: 1051

Re: AAA card as prepaid credit card?

It is funny, when bad things happen you remember them a long time. I have been an AAA member for over 40 years, and still am. About 30 years ago I was told that I could do go in to any AAA branch office and get AE travelers checks, and that an AE credit account had been opened in my name as part of ...
by Sagenick48
Mon Mar 02, 2015 2:52 pm
Forum: Personal Consumer Issues
Topic: Car Repair [Maintenance vs. repair costs]
Replies: 20
Views: 3178

Re: Car Repair [Maintenance vs. repair costs]

My rule of thumb is pretty simple. First I ignore stuff like oil changes, replacement wipers, new tires, etc. You have those no matter what. Then I look at the big items, new ball joints, alternators, mufflers, stuff like that, the once in a car's lifetime things. When the "average monthly cost" of ...
by Sagenick48
Sun Mar 01, 2015 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: Tom Stanley-Millionaire Next Door Author Killed in Auto Acci
Replies: 76
Views: 15492

Re: Tom Stanley-Millionaire Next Door Author Killed in Auto

A real loss, there was this word picture he painted in the first two pages of The Millionaire Mind, the story of the banker looking out the window in his office high above the city and saying "We (the lenders) own it all.... The businesses out there? ... You (borrowers) just run those businesses for...
by Sagenick48
Sun Mar 01, 2015 10:08 am
Forum: Investing - Theory, News & General
Topic: Not "Staying the Course"
Replies: 40
Views: 6250

Re: Not "Staying the Course"

I was looking at my Vanguard account this morning and there is a chart I pulled up that showed my gains and losses by month since February 1, 2005 through February 28, 2015. I think that means 121 measuring periods. A quick count showed that in 49 months there was a market loss in the account and in...
by Sagenick48
Sat Feb 28, 2015 6:58 pm
Forum: Investing - Help with Personal Investments
Topic: Annuities and Asset Allocation
Replies: 17
Views: 2052

Re: Annuities and Asset Allocation

Puravida I am not disagreeing with Dale. But a point to be remembered is that if you have annunitized your annunity, then it becomes part of your floor or base just like social security, or a pension. Having a base reduces your need for other fixed income alternatives. Let's say your living costs at...
by Sagenick48
Tue Feb 24, 2015 11:05 am
Forum: Investing - Help with Personal Investments
Topic: Is there a way to provide for inflation ?
Replies: 22
Views: 2524

Re: Is there a way to provide for inflation ?

I must be dense, but what does "DW" stand for? I see the abbreviation used all the time and assume in means the spouse.