Search found 4061 matches

by Leeraar
Fri May 20, 2016 12:12 pm
Forum: Investing - Help with Personal Investments
Topic: can you withdraw from 529 post graduation date?
Replies: 5
Views: 1117

Re: can you withdraw from 529 post graduation date?

So, go buy a laptop. No one is going to match up your purchase date with a graduation date. Just be able to prove you were a student in 2016.

Or, even better, enroll at a community college for some class you always wanted to take, and also buy yourself a laptop.

L.
by Leeraar
Fri May 20, 2016 11:46 am
Forum: Investing - Theory, News & General
Topic: Burton Malkiel: "I think [commodities] should be in every portfolio."
Replies: 35
Views: 3800

Re: Burton Malkiel: "I think [commodities] should be in every portfolio."

Can Bogleheads please comment on Burton Malkiel's idea that commodities producers should be in every portfolio? neomutiny06: Total market index funds hold the market weight in commodity companies. Keep investing simple. Best wishes. Taylor Note that if you are only holding mutual funds with US comp...
by Leeraar
Fri May 20, 2016 10:58 am
Forum: Investing - Help with Personal Investments
Topic: Is my Financial Advisor worth his salt?
Replies: 56
Views: 4779

Re: Is my Financial Advisor worth his salt?

Nowadays I would not invest in a non-deductible traditional IRA unless the contribution could be converted in a short reasonable time to a Roth IRA. Why is that, livesoft? Feel free to pm me if that's preferable to hijacking this thread. Please also tag me on that pm or just hijack the thread. I do...
by Leeraar
Fri May 20, 2016 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Leaving real estate to kids
Replies: 20
Views: 2073

Re: Leaving real estate to kids

I was not born in the USA. The tradition was that an estate would be sold at auction and the proceeds divided. The heirs were welcome to come to the auction and bid on anything they wanted. My father left us two real estate problems. (My mother died 12 years before he did.) I have a brother and a si...
by Leeraar
Fri May 20, 2016 6:54 am
Forum: Investing - Theory, News & General
Topic: Burton Malkiel: "I think [commodities] should be in every portfolio."
Replies: 35
Views: 3800

Re: Burton Malkiel: "I think [commodities] should be in every portfolio."

Read Malkiel to understand the market.

Do not take his specific advice.

L.
by Leeraar
Fri May 20, 2016 6:50 am
Forum: Investing - Theory, News & General
Topic: safe alternative to stock market
Replies: 62
Views: 7944

Re: safe alternative to stock market

Cash under your mattress?

L.
by Leeraar
Fri May 20, 2016 6:37 am
Forum: Investing - Help with Personal Investments
Topic: Defined benefit plan. Should I "buy" extra years of service?
Replies: 22
Views: 3179

Re: Defined benefit plan. Should I "buy" extra years of service?

I'd take it. The SWAN (sleep well at night) factor is underrated by most people. L. I should have said, while this is a good deal, delaying Social Security is a VERY good deal. Can you plan on doing both? You should. If so, the pension and SS after age 70 will likely cover your cash flow needs. Don...
by Leeraar
Fri May 20, 2016 3:55 am
Forum: Personal Finance (Not Investing)
Topic: Pride in no inheritance to kids?
Replies: 233
Views: 5404

Re: Pride in no inheritance to kids?

There is another thread on what did you do with your kids' stuff after they moved out? A few kids replied their parents were saving stuff the kids were not interested in. You can't will your dreams. So far as I am concerned, our kids will graduate debt free. Done. Yes, there will probably be a legac...
by Leeraar
Fri May 20, 2016 3:39 am
Forum: Personal Finance (Not Investing)
Topic: Leaving real estate to kids
Replies: 20
Views: 2073

Re: Leaving real estate to kids

Stipulate it be appraised and put on the market. The kids split the proceeds. If one of them wants to bid, they are free to do so. The price comes out of their share. A lawyer once told me, "You can't will an obligation". A good friend once told me, "Make a detailed list of everything...
by Leeraar
Fri May 20, 2016 3:15 am
Forum: Personal Consumer Issues
Topic: Is living in the Bay Area this difficult?
Replies: 49
Views: 8960

Re: Is living in the Bay Area this difficult?

Wow.

You should contrast your choice with moving to the MidWest (Ohio, Illinois, Indiana) or MidEast (Carolinas, Virginias). Just so much less hassle.

Did someone mention earthquakes?

L.
by Leeraar
Fri May 20, 2016 2:56 am
Forum: Investing - Help with Personal Investments
Topic: Defined benefit plan. Should I "buy" extra years of service?
Replies: 22
Views: 3179

Re: Defined benefit plan. Should I "buy" extra years of service?

I'd take it. The SWAN (sleep well at night) factor is underrated by most people.

L.
by Leeraar
Thu May 19, 2016 7:18 pm
Forum: Investing - Help with Personal Investments
Topic: Is my Financial Advisor worth his salt?
Replies: 56
Views: 4779

Re: Is my Financial Advisor worth his salt?

NotWhoYouThink and Leeraar, knows what I'm talking about. (I think ) It's not too much, to say; Us early proponents of IRAs and 401ks are now facing RMD issues, in that we will be good higher paying taxpayers where we were once good low paying taxpayers. This is exactly what was promised 35 years a...
by Leeraar
Thu May 19, 2016 1:24 pm
Forum: Investing - Help with Personal Investments
Topic: Is my Financial Advisor worth his salt?
Replies: 56
Views: 4779

Re: Is my Financial Advisor worth his salt?

itstoomuch wrote: ^ both And yes, We do have too much in IRA deferreds. We are nearing RMD age and will be in 25% bracket for every dollar that RMD requires. And we don't need the money from the RMD's. Let's take this to the extreme for OP. OP is on the cusp of being in a tax situation where it is ...
by Leeraar
Thu May 19, 2016 12:13 pm
Forum: Investing - Help with Personal Investments
Topic: Is my Financial Advisor worth his salt?
Replies: 56
Views: 4779

Re: Is my Financial Advisor worth his salt?

^ both And yes, We do have too much in IRA deferreds. We are nearing RMD age and will be in 25% bracket for every dollar that RMD requires. And we don't need the money from the RMD's. Let's take this to the extreme for OP. OP is on the cusp of being in a tax situation where it is more advantageous ...
by Leeraar
Thu May 19, 2016 11:43 am
Forum: Investing - Help with Personal Investments
Topic: Is now a bad time to transfer money to Vanguard???
Replies: 48
Views: 5770

Re: Is now a bad time to transfer money to Vanguard???

I just moved and I'm very happy that I did. All my funds transfered over and there is no pressure or need to change or liquidate anything. Just do the transfer. I called and asked first and it was a total of $125 of fees charged by MetLife ( they held my IRA ) very glad I made the switch. It took a...
by Leeraar
Thu May 19, 2016 11:14 am
Forum: Investing - Help with Personal Investments
Topic: Is my Financial Advisor worth his salt?
Replies: 56
Views: 4779

Re: Is my Financial Advisor worth his salt?

I am sure he's worth his salt. The question is, is he worth YOUR salt?

L.
by Leeraar
Thu May 19, 2016 10:17 am
Forum: Personal Consumer Issues
Topic: Making an Outdoor Grill Last
Replies: 39
Views: 4157

Re: Making an Outdoor Grill Last

I presume you're talking about a gas grill. Buy the one with the longest warranty on the burners. My last one was from Sears, with a 10-year warranty. I was surprised to see warranties as low as one year on some pretty expensive setups. When gas burns there is a lot of water in the combustion produc...
by Leeraar
Thu May 19, 2016 9:50 am
Forum: Personal Consumer Issues
Topic: When do you use cash, when a credit card?
Replies: 49
Views: 5461

Re: When do you use cash, when a credit card?

TheRightKost87 wrote:The chip readers are slow for the most part - ...

The chip readers in my area have gotten dramatically faster in the last month or two. It now takes just a couple of seconds.

L.
by Leeraar
Wed May 18, 2016 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: "Don't you dare figure it out on your own!"
Replies: 38
Views: 7680

Re: Looking for an advisor

Taylor, so there's the classic problem. How do you choose someone who chooses well? It's much the same issue as picking a good fund manager. So far as fund managers are concerned, we know it cannot be done. Leeraar: If I were looking for an advisor, and they told me they could " beat the marke...
by Leeraar
Wed May 18, 2016 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: My dilemma ... 1099 or W2. Client assures me no difference.
Replies: 29
Views: 2810

Re: My dilemma ... 1099 or W2. Client assures me no difference.

So, bottom line is, client is telling me that whether I do W2 or 1099 with him, money wise, it won't make a difference for me because I already have a 150k W2 salary from another employer. Is this true? If I do 1099, I can also write more things off showing that I am a business, right? Thank you. I...
by Leeraar
Wed May 18, 2016 1:12 pm
Forum: Personal Consumer Issues
Topic: Did your children ever completely move out?
Replies: 53
Views: 5154

Re: Did your children ever completely move out?

peppers wrote:Nothing was left in the house but moving along to the garage we find 2 motors, a transmission, a 2-1/4 ton lift......

I feel your pain. Plus, the piles of wheels with tires.

L.
by Leeraar
Wed May 18, 2016 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: My dilemma ... 1099 or W2. Client assures me no difference.
Replies: 29
Views: 2810

Re: My dilemma ... 1099 or W2. Client assures me no difference.

I'd at least get an LLC and a TIN. I'd say this would depend on the state you are in. For example, in CA, you will pay an $800 (perhaps more now?) annual fee/tax for having the LLC. Not usually worth it for many consultants. When I consulted, I never formed an LLC. However, if you are in a line of ...
by Leeraar
Wed May 18, 2016 12:06 pm
Forum: Investing - Theory, News & General
Topic: Another Bernstein Gem-Don't be Greedy
Replies: 42
Views: 8679

Re: Another Bernstein Gem-Don't be Greedy

Here is a gem from awhile back...for those who maintain a eighty percent plus stock allocation well into retirement, if you get hit at the wrong time it can a disaster... curious as to BH responses to this..makes sense to me. m How does this change if you retire with a bit of padding in your accoun...
by Leeraar
Wed May 18, 2016 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: My dilemma ... 1099 or W2. Client assures me no difference.
Replies: 29
Views: 2810

Re: My dilemma ... 1099 or W2. Client assures me no difference.

I'd at least get an LLC and a TIN. I'd also recommend asking the company about contract houses they use. That's what my son did, it worked out well. Another thing is, if there is no prospect of becoming a regular employee, I'd walk away. There are companies that staff up for a particular project and...
by Leeraar
Wed May 18, 2016 11:06 am
Forum: Personal Consumer Issues
Topic: Emergency Preparedness
Replies: 72
Views: 6287

Re: Emergency Preparedness

Growing up in California, we learned in elementary school how to be prepared for earthquakes. Nowadays, the CDC seems to think it's more important to be prepared for the zombie apocalypse. http://blogs.cdc.gov/publichealthmatters/2011/05/preparedness-101-zombie-apocalypse/ The head of Homeland Secu...
by Leeraar
Wed May 18, 2016 10:56 am
Forum: Investing - Theory, News & General
Topic: Another Bernstein Gem-Don't be Greedy
Replies: 42
Views: 8679

Re: Another Bernstein Gem-Don't be Greedy

Yes, There is this myth that your retirement strategy is a set and forget thing. I approach it from the idea, "This is the first year of the rest of your retirement." The past does not matter. With that in mind, I have 6-8 years of expenses in short term bonds, but we are tapping the balan...
by Leeraar
Wed May 18, 2016 1:16 am
Forum: Personal Finance (Not Investing)
Topic: My dilemma ... 1099 or W2. Client assures me no difference.
Replies: 29
Views: 2810

Re: My dilemma ... 1099 or W2. Client assures me no difference.

Where do you live? In some places, like Detroit, contract work is a normal way to do business. There is a premium, 20-40% to cover benefits like health care, SS, vacation time, 401k match, unemployment insurance, and the like. There are contract houses who will take care of all of that bureaucracy a...
by Leeraar
Wed May 18, 2016 1:05 am
Forum: Personal Consumer Issues
Topic: Emergency Preparedness
Replies: 72
Views: 6287

Re: Emergency Preparedness

When we had the great blackout, we were without power for three weeks. The biggest hassle was getting gasoline for the small generator we have that can run our fridge. Had converted the home stove to natural gas, so cooking was no problem. Also, have a propane grill. Hard to imagine losing the water...
by Leeraar
Wed May 18, 2016 12:48 am
Forum: Personal Consumer Issues
Topic: When is cash better than plastic?
Replies: 74
Views: 8491

Re: When is cash better than plastic?

Toll roads when visiting back east (yikes, we needed to pay about 10 times last month). When you pay cash for tolls these days, you are paying twice as much as you would with a toll transponder. Get yourself a toll transponder. Mine is from Illinois. I-Pass. It works across the Northeast USA. Massa...
by Leeraar
Tue May 17, 2016 7:36 pm
Forum: Personal Consumer Issues
Topic: garden hose
Replies: 29
Views: 2725

Re: garden hose

Maybe it's your fault. Do you wind the hose up to store it? And then not unwind it when you take it out? The same applies for long extension cords. You should fold them in half end to end, in half again, in half again, ... until you can hang them up neatly. Winding them will cause them to kink and e...
by Leeraar
Tue May 17, 2016 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: "Don't you dare figure it out on your own!"
Replies: 38
Views: 7680

Re: Investment Advisers: What You Need to Know Before Choosing One

ChurchLady: The SEC has a list of what to look for when hiring an investment advisor. This is the link: Investment Advisers: What You Need to Know Before Choosing One Best wishes. Taylor Taylor, So there's the classic problem. How do you choose someone who chooses well? It's much the same issue as ...
by Leeraar
Tue May 17, 2016 5:19 pm
Forum: Personal Consumer Issues
Topic: Arrgghhh !!! Windows 10 installed overnight
Replies: 92
Views: 10586

Re: Arrgghhh !!! Windows 10 installed overnight

i was on an unrelated webinar yesterday. They quoted a survey about the two things computer users hate most:

1. The staus quo, what they have.
2. Change.

Priceless, isn't it?

L.
by Leeraar
Tue May 17, 2016 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: "Don't you dare figure it out on your own!"
Replies: 38
Views: 7680

Re: "Don't you dare figure it out on your own!"

I find the whole drawdown situation a LOT more complicated than the accumulation/investment situation. Taxes are a lot more complicated, especially extended to SS and Medicare premiums, there are a number of pots from which to draw, and complexity associated with being married but knowing that it i...
by Leeraar
Tue May 17, 2016 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Records
Replies: 12
Views: 1206

Re: Tax Records

I realize I am probably being paranoid with the IRS likley looking for folks that likely dodged millions in taxes in obvious fraud ... I don't think so. Keep the records for as long as you see a reason to. My reading is that the IRS has six years to cry foul, and then forever to pursue you. Certain...
by Leeraar
Tue May 17, 2016 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Records
Replies: 12
Views: 1206

Re: Tax Records

This topic always confuses me and here's why. When you read the IRS rules - it says they can go back a limitless number of years for a fraudulent return. So if they think I have a fraudulent return from 15 years ago - don't I need my records to prove it isn't fraudulent? I've got all my returns/rec...
by Leeraar
Tue May 17, 2016 1:46 pm
Forum: Investing - Help with Personal Investments
Topic: Pension or Lump Sum?
Replies: 11
Views: 1606

Re: Pension or Lump Sum?

Looks like the pension versus lump sum comparison is a wash so I would elect the pension due to its 100% death benefit to your wife. Use the $195,000 in your allocation calculations when determining your AA. Good luck. I disagree slightly. A pension is not a bond. Figure out your required cash flow...
by Leeraar
Tue May 17, 2016 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: "Don't you dare figure it out on your own!"
Replies: 38
Views: 7680

Re: "Don't you dare figure it out on your own!"

Even when someone wants a fee only planner to help them almost all the responses throw the idea out the window, because why blow a few hundred dollars when making some of the most important decisions of your life. Good Lord. If good advice was easy to find, I'd agree. Also, fee only does not exclud...
by Leeraar
Tue May 17, 2016 3:20 am
Forum: Investing - Help with Personal Investments
Topic: Pension or Lump Sum?
Replies: 11
Views: 1606

Re: Pension or Lump Sum?

Read the Wiki on Lump Sum vs. Pension.

L.
by Leeraar
Tue May 17, 2016 3:12 am
Forum: Personal Finance (Not Investing)
Topic: "Don't you dare figure it out on your own!"
Replies: 38
Views: 7680

Re: "Don't you dare figure it out on your own!"

OP here. Thanks for all the replies and perspectives! I have the Jane Bryant Quinn book in hand -- it arrived last week and I'm just getting into it. I will probably order the other books as well. Some have suggested the presenter was gaming us for referral kickback. This is unlikely. If we were to...
by Leeraar
Tue May 17, 2016 3:09 am
Forum: Investing - Help with Personal Investments
Topic: Early retirement: how to protect savings needed before age 59.5 against inflation?
Replies: 14
Views: 2729

Re: Early retirement: how to protect savings needed before age 59.5 against inflation?

No. Inflation is the rise in the cost of goods and services. The way to protect against inflation is to invest in companies that provide goods and services. The problem with inflation hedges like TIPS or gold (supposedly a hedge) is that they only protect the dollars you have invested in them. What ...
by Leeraar
Tue May 17, 2016 2:56 am
Forum: Personal Consumer Issues
Topic: College - In state - Children staying close to parents
Replies: 54
Views: 3719

Re: College - In state - Children staying close to parents

I guess I don't get the question. Four years in-state at U. of Michigan costs about the same as one year at Princeton. I have a friend from Boston who solved the problem this way: He retired and moved to be closer to their kids, after his kids had graduated and gotten jobs. He seems very happy livin...
by Leeraar
Mon May 16, 2016 11:54 pm
Forum: Investing - Help with Personal Investments
Topic: Won the game - time to quit playing?
Replies: 46
Views: 9102

Re: Won the game - time to quit playing?

I actually reached the goal quite early and just blasted through it and continued saving. By the time I actually retired seven years later, we had 2x what we really needed. That is a very nice cushion to have. Indeed. If that was the only outcome it would be great. The safe part was to continue sav...
by Leeraar
Mon May 16, 2016 11:47 pm
Forum: Investing - Theory, News & General
Topic: Another Bernstein Gem-Don't be Greedy
Replies: 42
Views: 8679

Re: Another Bernstein Gem-Don't be Greedy

Leeraar, you have an interesting life I have a friend who is a semi-famous British eccentric. He once told me: "Write down in detail what your heirs should do with your collection and other records. Then, do it yourself now, for they will not do it when you are gone." Very excellent advic...
by Leeraar
Mon May 16, 2016 11:25 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Records
Replies: 12
Views: 1206

Re: Tax Records

Mt opinion: Keep seven years' of returns with supporting documentation. Keep the actual returns forever. Keep supporting documentation forever or as long as you need to. That includes IRA basis (Form 8606), investment or collectibles purchase records, and HSA records, including records of unclaimed ...
by Leeraar
Mon May 16, 2016 11:14 pm
Forum: Personal Consumer Issues
Topic: When do you use cash, when a credit card?
Replies: 49
Views: 5461

Re: When do you use cash, when a credit card?

I use a credit card whenever I can, with no mental minimum.

Even for a senior coffee and breakfast burrito at MacDonald's. I was surprised to see that the $1.87 was "free" the other day because they used my AMEX points.

L.
by Leeraar
Mon May 16, 2016 11:04 pm
Forum: Personal Consumer Issues
Topic: Ford Extended Service Plan Issue
Replies: 4
Views: 521

Re: Ford Extended Service Plan Issue

I'd [(complain) --admin LadyGeek]. Point out that GM gives a 100k mile powertrain warranty with no extra charge.

Call them over again, until someone gives you an acceptable answer and resolution.

Find a Ford owners' discussion forum, and start complaining there.

L.
by Leeraar
Mon May 16, 2016 10:56 pm
Forum: Investing - Help with Personal Investments
Topic: Won the game - time to quit playing?
Replies: 46
Views: 9102

Re: Won the game - time to quit playing?

You likely have a self-defeating mindset if you're viewing these issues as a game that must be won or lost. I agree about the terminology, but for anything in life, if you are trying to reach a goal and you do, should you not stop and be done? Especially if continuing may jeopardize the accomplishm...
by Leeraar
Mon May 16, 2016 10:49 pm
Forum: Investing - Theory, News & General
Topic: Another Bernstein Gem-Don't be Greedy
Replies: 42
Views: 8679

Re: Another Bernstein Gem-Don't be Greedy

Are we confusing our Bernsteins?

L.
by Leeraar
Mon May 16, 2016 10:46 pm
Forum: Investing - Theory, News & General
Topic: Another Bernstein Gem-Don't be Greedy
Replies: 42
Views: 8679

Re: Another Bernstein Gem-Don't be Greedy

I am having a great time endowing a special collection at an archival library. They just told me that more than half the books I gave them do not exist in any library in the USA, and that about 20% of them are not in any library anywhere else in the world. We are working together to improve the col...